Standard RSI (Relative Strength Index) with 2 EMA (Exponential Moving Averages) calculated from the RSI. Please see "Technical Analysis for the Trading Professional" by Constance Brown CMT. Enjoy!
So I came across the need of wanting to smooth out the ATR of something that has some violent swings in it in order to better place some stops. Simply put the output of the ATR into the EMA function. Everything is labeled easily in the settings window you you can clearly change period length for each function.
Following Trends and Finding Divergences Here is a script example that uses a long length (100, 150, 200) RSI MA Ribbon to detect trend reversals using lower time frames. You can also use traditional RSI to find divergences. Built Best for 1H to 10 Min Charting BTCUSD
First I have to give kudos to my son who I asked to take a shot at creating this little indicator. Nice work son! While trading, one of the things I look for is when price or certain EMA's approach another EMA. The example that I use on this 1 minute SPY chart is an 8 EMA and 20 EMA. I am looking for when the 8 and 20 are within' 3 cents of each other. Many...
update: changes to code, ma's now split over 3 sets fast, medium and slow, removed cloud and sl_lines(no use?), ma's visually display as shapes :p added option to toggle the ma's on/off.
This indicator will show you the exponantial moving average (ema) of the higher timeframes (up to 1D). Current timeframe is colored red, higher timeframes are colored from light to dark gray (you can change this). How to Trade this: 1. Look for tranding ema on higher timeframe (line is stepping up). 2. Look for faster time frames to pull back (decline) to a...
Made a new version of my trading system. I have added a cloud that is made with 45 EMA and 104 MA. Now you can choose where to set trailing stop. As shown in the example you set trailing stop under the cloud.
I realise that was unnecessary EMAs (in version 1), so I removed they. The green zone is the original EMAs and the blank and gray ones are projected EMAs. I'm using this to know good entry points and the exits for scalping. (work well only for well defined trends).
This is a indicator with some parts of the ichimoku and EMA. It's my first script so i have used other peoples script (Chris Moody and DavidR) as reference cause I really have no idea myself on how to script with pinescript. Hope that is okay! I use 20M timeframe but it should work with any timeframe! I have not tested this system much so I would really...
Request for chrislig: added 4 out of 5 extreme condition, but added it as a separate plot (blue) as it does trigger much less, let me know if you want it as a filter.
Request for chrislig: added 4 out of 5 extreme condition, but added it as a separate plot (blue) as it does trigger much less, let me know if you want it as a filter.
This study is the companion of the MMAR, displayed here in this publication. This displays the same information as MMAR, but in a linear format. This measures the possibilities of a trend reversal. If the bar fills over 50% of the opposite color from bottom to top then chances are there will be a trend reversal. Otherwise it is just a reentry point. This study...
This is the MMAR companion study. This along with the MMAR study help visualize in a concise way the trend direction, patterns, trend strength, entry points and reversals. Trading with MMAR: Look for the size of the bar, when it is partially filled with a color starting from bottom to top it means there is a reentry point, but if it fills 50% or more then there...
This great and simple indicator based on EMA generates information about entry points at close of the candle. First signal is the best entry point but you can re-enter at the next. IMPORTANT: this script does not generate exit signals and those shoud be find using money management rules or else. Perfectly catches long runs in trends at all underlayings (forex,...
What's new? v2 has added multi timeframe support. Blatantly stole Chris Moody's code for multi timeframe, because why re-invent the wheel? Thanks Chris ;P BUT -- modified the coloring to work correctly with higher timeframes, just another Lark hack, so it's a give and take :) _____________________________ The Laguerre Average (filter) was discovered by John...