Tomas Ratio Strategy with Multi-Timeframe AnalysisHello,
I would like to present my new indicator I have compiled together inspired by Calmar Ratio which is a ratio that measures gains vs losers but with a little twist.
Basically the idea is that if HLC3 is above HLC3 (or previous one) it will count as a gain and it will calculate the percentage of winners in last 720 hourly bars and then apply 168 hour standard deviation to the weekly average daily gains.
The idea is that you're supposed to buy if the thick blue line goes up and not buy if it goes down (signalized by the signal line). I liked that idea a lot, but I wanted to add an option to fire open and close signals. I have also added a logic that it not open more trades in relation the purple line which shows confidence in buying.
As input I recommend only adjusting the amount of points required to fire a signal. Note that the lower amount you put, the more open trades it will allow (and vice versa)
Feel free to remove that limiter if you want to. It works without it as well, this script is meant for inexperienced eye.
I will also publish a indicator script with this limiter removed and alerts added for you to test this strategy if you so choose to.
Also, I have added that the trades will enter only if price is above 720 period EMA
Disclaimer
This strategy is for educational purposes only and should not be considered financial advice. Always backtest thoroughly and adjust parameters based on your trading style and market conditions.
Made in collaboration with ChatGPT.
Multitimeframe
Previous Key Levels (fadi)Previous Key Levels indicator is a highly configurable OHLC levels tool designed to provide traders with the ability to plot multiple levels while minimizing screen clutter. This indicator is perfect for those who want to monitor various timeframes simultaneously without overloading their charts with unnecessary information.
How to Use It
This indicator offers traders the flexibility to track up to 6 higher timeframes (HTFs) and multiple candles for each timeframe. For example, a trader can choose to monitor the OHLC of the last four 4-hour candles, providing a comprehensive view of significant price levels over different periods.
Key Features
Highly Configurable: Customize the number of timeframes and candles to suit your trading strategy.
Minimal Screen Clutter: Efficiently plot multiple levels without overwhelming your chart.
Flexible Application: Ideal for identifying support and resistance levels, liquidity sweeps, target levels, and more, adapting to various trading styles.
Traders have diverse trading styles and preferences. Some may use these levels to identify support and resistance zones, while others might look for liquidity sweeps or set target levels. By offering a high degree of customization, the Previous Key Levels indicator caters to the unique needs of individual traders, helping them make informed decisions based on historical price action across multiple timeframes.
Timeframe Settings
Toggle to track 6 HTF settings and the number of candles to track for each.
Limit to next HTFs only can be used to limit the HTF levels displayed based on the current timeframe.
Hide Above will disable the indicator above the specified interval.
Offset to Left and Right are used to specify where the level line starts and ends based on the current candle.
Offset between HTFs extends HTF levels to become more readable.
HTF Settings
Choice of the OHLC levels to track.
Specify the color, line style, and line width for each level.
Mark the start of that level, for example, draw a vertical line where the 4H candle has started.
Trace back to draw optional lines to track back to the origin of the level.
Label Settings
Highly configurable labels that allow traders to customize the labels to their liking.
Label color, background, and size.
Customize using up to 9 configurable parts.
Fading Levels
To prevent clutter, the indicator offers the option to change the transparency of the levels based on their distance from the current price. The distance is calculated based on a configurable Average True Range (ATR).
Change Transparency to a percentage of its current color.
Range should be within X candles will fade any level that is X candles length away from the current price.
ATR length used in calculation will calculate the average size of candles in the calculation.
Spread Analysis (COIN/BTC)The Spread Analysis (COIN/BTC) indicator calculates the Z-score of the price ratio between Coinbase stock ( NASDAQ:COIN ) and Bitcoin ( CRYPTOCAP:BTC ). It helps identify overbought or oversold conditions based on deviations from the historical mean of their price relationship.
Key Features:
Z-Score Calculation:
• Tracks the relative price ratio of NASDAQ:COIN to $BTC.
• Compares the current ratio to its historical average, highlighting extreme overvaluation or undervaluation.
• Buy and Sell Signals:
• Buy Signal: Triggered when the Z-score is less than -2, indicating NASDAQ:COIN may be undervalued relative to $BTC.
• Sell Signal: Triggered when the Z-score exceeds 2, suggesting NASDAQ:COIN may be overvalued relative to $BTC.
• Dynamic Z-Score Visualization:
• Blue line plots the Z-score over time.
• Dashed lines at +2 and -2 mark overbought and oversold thresholds.
• Green and red triangles highlight actionable buy and sell signals.
Use Case:
This indicator is ideal for identifying relative valuation opportunities between NASDAQ:COIN and $BTC. Use it to exploit divergences in their historical relationship and anticipate potential reversions to the mean.
Limitations:
• Best suited for range-bound markets; may produce false signals in strongly trending conditions.
• Assumes a consistent correlation between NASDAQ:COIN and CRYPTOCAP:BTC , which may break during independent price drivers like news or earnings.
Market MonitorOverview
The Market Monitor Indicator provides a customisable view of dynamic percentage changes across selected indices or sectors, calculated by comparing current and previous closing prices over the chosen timeframe.
Key Features
Choose up to 20 predefined indices or your own selected indices/stocks.
Use checkboxes to show or hide individual entries.
Monitor returns over daily, weekly, monthly, quarterly, half-yearly, or yearly timeframes
Sort by returns (descending) to quickly identify top-performing indices or alphabetically for an organised and systematic review.
Customisation
Switch between Light Mode (Blue or Green themes) and Dark Mode for visual clarity.
Adjust the table’s size, position, and location.
Customise the table title to your own choice e.g. Sectoral, Broad, Portfolio etc.
Use Cases
Use multiple instances of the script with varying timeframes to study sectoral rotation and trends.
Customise the stocks to see your portfolio returns for the day or over the past week, or longer.
Polyphase MACD (PMACD)The Polyphase MACD (PMACD) uses polyphase decimation to create a continuous estimate of higher timeframe MACD behavior. The number of phases represents the timeframe multiplier - for example, 3 phases approximates a 3x higher timeframe.
Traditional higher timeframe MACD indicators update only when each higher timeframe bar completes, creating stepped signals that can miss intermediate price action. The PMACD addresses this by maintaining multiple phase-shifted MACD calculations and combining them with appropriate anti-aliasing filters. This approach eliminates the discrete jumps typically seen in higher timeframe indicators, though the resulting signal may sometimes deviate from the true higher timeframe values due to its estimative nature.
The indicator processes price data through parallel phase calculations, each analyzing a different time-offset subset of the data. These phases are filtered and combined to prevent aliasing artifacts that occur in simple timeframe conversions. The result is a smooth, continuous signal that begins providing meaningful values immediately, without requiring a warm-up period of higher timeframe bars.
The PMACD maintains the standard MACD components - the MACD line (fast MA - slow MA), signal line, and histogram - while providing a more continuous view of higher timeframe momentum. Users can select between EMA and SMA calculations for both the oscillator and signal components, with all calculations benefiting from the same polyphase processing technique.
Polyphase Stochastic RSI (PSRSI)The Polyphase Stochastic RSI (PSRSI) provides a continuous estimate of higher timeframe Stochastic RSI behavior by using polyphase decimation. The number of phases represents the timeframe multiplier - for example, 3 phases approximates a 3x higher timeframe.
While traditional higher timeframe indicators only update at the completion of each higher timeframe bar, the PSRSI creates a continuous signal by maintaining multiple phase-shifted calculations and combining them with appropriate anti-aliasing filters. This approach eliminates the gaps and discontinuities typically seen in higher timeframe indicators, though the resulting signal may sometimes deviate from the true higher timeframe values due to its estimative nature.
The indicator processes data through parallel phase calculations, each handling a different subset of price data offset in time. These phases are then filtered and combined to prevent aliasing artifacts that occur in simple timeframe conversions. The result is a smooth, continuous signal that starts providing meaningful values immediately, without requiring a warm-up period of higher timeframe bars.
Users can choose between RSI and Stochastic RSI modes, with both benefiting from the same polyphase processing technique. The indicator maintains the standard interpretation of overbought and oversold conditions while providing a more continuous view of higher timeframe momentum.
Moving Average Cross; Linear RegressionThis Pine Script is designed to display smoothed linear regression lines on a chart, with an option to adjust the regression period lengths and smoothing factor. The script calculates short-term and long-term linear regression lines based on the selected timeframe. These regression lines act as a regressed moving average cross , visually representing the interaction between the two smoothed linear regressions.
Short Regression Line: A linear regression line based on a short lookback period, colored blue for an uptrend and orange for a downtrend .
Long Regression Line: A linear regression line based on a longer lookback period, similarly colored blue for an uptrend and orange for a downtrend .
The script provides input options to adjust:
The length of short and long regression periods.
The smoothing length for the regression lines.
The timeframe for the linear regression calculations.
This tool can help traders observe the crossovers between the two smoothed linear regression lines, which are similar to moving average crossovers, but with the added benefit of regression-based smoothing to reduce noise. The color-coding allows for easy trend identification, with blue indicating an uptrend and orange indicating a downtrend.
Multi TimeFrame OHLC Overlay @MaxMaseratiMulti TimeFrame OHLC Overlay @MaxMaserati
A powerful and versatile indicator that displays OHLC (Open, High, Low, Close) data across multiple timeframes with enhanced visualization features. Perfect for traders who need to analyze price action across different time periods simultaneously.
Key Features:
Customizable multi-timeframe OHLC visualization with box and line overlays
Extended OHLC lines from higher timeframes with clear labeling
Distinct bullish and bearish candle representations
Fully configurable color schemes and display options
Real-time timeframe information display
Main Components:
Multi-Timeframe Display
Primary timeframe OHLC visualization with boxes and lines
Extended timeframe overlay for broader market context
Clear visual distinction between timeframes
Customizable Visuals
Separate color settings for bullish and bearish patterns
Adjustable transparency for both body and wick components
Configurable OHLC line colors and visibility
Extended Lines Features
Higher timeframe OHLC level overlay
Custom labels with timeframe identification
Adjustable line properties and visibility
Information Display
Current timeframe indicator
Extended timeframe reference
Clean and unobtrusive interface
Settings Groups:
Extended OHLC Lines
Labels Options
Display Options
Bullish/Bearish Candle Settings
OHLC Lines Configuration
Usage Tips:
Start with the default 240-minute timeframe or adjust to your preferred interval
Use the extended lines feature to view higher timeframe levels
Customize colors and transparency to match your chart theme
Enable/disable specific components based on your analysis needs
Perfect For:
Multi-timeframe analysis
Support/Resistance identification
Price action trading
Trend following strategies
Market structure analysis
This indicator combines powerful multi-timeframe analysis capabilities with clean visualization, making it an essential tool for traders who need to maintain awareness of price action across different time periods.
Note:
For optimal performance, adjust the visual settings according to your chart's timeframe and color scheme. The indicator is designed to work seamlessly across all trading instruments and timeframes.
Multi Timeframe Candle/Retracement (MTCR)This script provides a visual representation of candlestick and pivot point information from higher timeframes within a lower timeframe chart. It is ideal for traders looking to analyze price movements and identify potential support and resistance zones in the context of a broader timeframe.
Key Features :
Multi-Timeframe Candlestick Visualization:
Displays candlesticks of the selected higher timeframe.
Highlights bullish and bearish candles with distinct colors to identify trends.
Pivot Point Analysis:
Calculates and visualizes pivot points based on the standard or Fibonacci model.
Supports customizable step sizes (rounding pivot values).
Highlights resistance levels (R1, R2, R3), support zones (S1, S2, S3), and a central base line.
Medians and High/Low Zones:
Visualizes median lines between pivot levels.
Optionally displays high and low zones.
Dynamic Updates:
Automatically updates lines and boxes with new candles or pivot calculations.
Visually marks when the current price touches key levels.
Settings :
Timeframe Selection:
Choose a higher timeframe for candlestick and pivot point visualization.
Customizable Colors:
Adjust colors for bullish and bearish candles, as well as for pivot point zones.
Flexible Display Options:
Display only the desired elements, such as pivot lines, median lines, high/low zones, or the base line.
Use Cases :
Identify key support and resistance zones using pivot points.
Analyze price movements on higher timeframes while trading on lower ones.
Utilize median lines to find potential reversal zones or areas for risk/reward analysis.
Notes :
This script is designed for advanced users with a solid understanding of multi-timeframe analysis and pivot points.
It uses multiple drawing objects (lines, boxes), so ensure your chart does not hit its drawing object limit.
Good luck with your trading! 🚀
Trend Strength/DirectionThis is a really good, though complex indicator, so I will add two different explanations so to appease both the laymen and those who take the time to read thoroughly.
Simple Explanation
This indicator utilizes 6HMA's to display their angles
The greater the angle ---> the stronger the trend
If more angles are positive, then trend is very strong
If more are negative, then very negative
Comprehensive Explanation
6 angles, each of a different time frame are used to represent direction and trend strength. Angles are used because they intrinsically represent momentum and speed. An angle of 45 represents a perfect balance between something that can cover the furthest distance without compensating for speed. 1 of the 6 angles is intended(though customizable) to represent the 5 hma's angle. This is because the 5hma is very good at representing very near term price action.
Angle Levels
Its important to understand what the angle levels mean for the underlying hma's. The 0 level represents a hma that is horizontal. This is important because this is the point at which it decides to be bullish or bearish. +/- 45, as noted before, represent bullishness/bearishness that represent strong trends without compensating for speed. A continuous increase/decrease and or a cross of these levels generally indicate significant change in sentiment, of which trades may be taken.
Strategy
You should weigh your decision by those angles that represent the longer time frame. If more angles represent a certain sentiment, it is obviously unwise to fight against that long term sentiment. The purpose of this indicator was to provide a proper representation of trend direction and strength, but also solve the problem of when you should 'dip' buy.
For an example: if all angles are increase or decreasing, then you may use the 5hma's angle to find the proper points at which you will enter a position.
***NOTE: I dont think the +/- 45 bands should indicate 'overbought' or 'oversold' zones that some might assume. Instead you should wait for a crossing of this zone.
InspireHER Dynamic EMA RR Positioning IndicatorDynamic EMA and RR Positioning Indicator
This indicator is designed to provide traders with highly customizable buy and sell signals based on EMA (Exponential Moving Average) crossovers and Risk-to-Reward (RR) ratios. It works on any timeframe and allows users to toggle price data and additional position boxes for visualizing trade setups. Additionally, traders can choose between displaying dots or labeled signals for buy/sell indicators, making this tool versatile and user-friendly for different preferences and strategies.
What Makes This Indicator Unique
Customizable Parameters: The script offers extensive options for tailoring the indicator to your preferred trading style and strategy:
EMA: Configurable through settings (default is a 21-period EMA).
Risk-to-Reward Ratio (RR): Adjustable to meet your desired RR levels (default is 1:2.5).
Lookback Period: Visualizes buy/sell signals over the last six months.
Position Boxes for Trade Visualization: The indicator can "draw" position boxes on the chart, showing potential entry points, stop-loss (SL), and take-profit (TP) levels based on the selected RR. These visual aids simplify decision-making and help evaluate trade opportunities directly on the chart.
Price Data Toggle: Traders can choose to view or hide price data related to trade signals, including TP, SL, and RR values. By default, this is turned off to maintain a clean chart but can be activated when needed.
Flexible Signal Display Options:
Dots Mode: Displays buy signals as green dots and sell signals as red dots on the chart.
Label Mode: Displays buy signals as labels with the word "Buy" in green and sell signals as labels with the word "Sell" in red.
This toggle allows traders to customize how signals are displayed for a more personalized trading experience.
Simple Signal View: A toggle option provides a cleaner chart by enabling or disabling additional visual elements like circles or labels.
How It Works
Buy Signal: Triggered when the price crosses the EMA and closes above it.
Entry: Top of the candle.
Stop-Loss: Bottom of the candle.
Take-Profit: Calculated based on the selected RR.
Sell Signal: Triggered when the price crosses the EMA and closes below it.
Entry: Bottom of the candle.
Stop-Loss: Top of the candle.
Take-Profit: Calculated based on the selected RR.
Default Settings
EMA: 21-period.
Risk-to-Reward Ratio: 1:2.5.
Price Data: Off (can be toggled on in settings).
Position Boxes: Off (can be toggled on in settings).
Signal Display: Labels mode with "Buy" (green) and "Sell" (red) enabled by default; can be toggled to Dots mode.
Timeframe: Any timeframe supported.
How to Use
Add the Indicator to Your Chart: Once applied, the EMA line and buy/sell signals will appear by default.
Customize Settings: Navigate to the indicator's settings to adjust EMA, RR, or enable/disable Price Data, Position Boxes, or switch between Dots and Label modes.
Trade with Confidence: Use the visual aids and signals to assess trade opportunities based on your strategy and timeframe.
This indicator combines the reliability of EMA-based signals with the flexibility of configurable RR, visual trade setups, and multiple signal display options, making it a powerful tool for all types of traders. Happy Trading!!
Supertrend with Correct Y-axis Scaling OLEG_SLSThe functionality of the script:
1. Supertrend Calculation:
-The trend (Supertrend line) is updated dynamically:
-If the price is above the previous trend, the line follows the upper limit.
-If the price is lower, the line follows the lower boundary.
2. Calculation of the Supertrend for the higher timeframe:
-The function is used to calculate the Supertrend for the hourly, regardless of the current timeframe on the chart.
3. Buy and Sell Signals:
-Buy signal: When the price crosses the Supertrend line up and is above the Supertrend line.
-A sales signal: When the price crosses the Supertrend line down and is below the Supertrend line.
4. Display on the chart
-The Supertrend line is displayed:
-Green if the price is above the Supertrend line.
-Red if the price is below the Supertrend line.
-The Supertrend line for the hourly timeframe is displayed in blue.
5. Alerts
Two types of alerts are created:
-Buy Alert: When there is a buy signal.
-Sell Alert: When there is a sell signal.
Features and recommendations:
-Supertrend works best in trending markets. In a sideways movement, it can give false signals.
-Check the signals on multiple timeframes for confirmation.
-Add additional indicators (for example, RSI or MACD) to filter the signals.
-Test the strategy on historical data before using it in real trading.
_________________________________________________________________________________
Функционал скрипта:
1. Расчет Supertrend:
-Тренд (линия Supertrend) обновляется динамически:
-Если цена выше предыдущего тренда, линия следует за верхней границей.
-Если цена ниже, линия следует за нижней границей.
2. Расчет Supertrend для старшего таймфрейма:
-Используется функция чтобы рассчитать Supertrend для часового,независимо от текущего таймфрейма на графике.
3. Сигналы покупки и продажи:
-Сигнал покупки: Когда цена пересекает линию Supertrend вверх и находится выше линии Supertrend.
-Сигнал продажи: Когда цена пересекает линию Supertrend вниз и находится ниже линии Supertrend.
4. Отображение на графике
-Линия Supertrend отображается:
-Зеленым, если цена выше линии Supertrend.
-Красным, если цена ниже линии Supertrend.
-Линия Supertrend для часового таймфрейма отображается синим цветом.
5. Оповещения
Создаются два типа оповещений:
-Buy Alert: Когда возникает сигнал на покупку.
-Sell Alert: Когда возникает сигнал на продажу.
Особенности и рекомендации:
-Supertrend лучше всего работает в трендовых рынках. В боковом движении может давать ложные сигналы.
-Проверяйте сигналы на нескольких таймфреймах для подтверждения.
-Добавьте дополнительные индикаторы (например, RSI или MACD) для фильтрации сигналов.
-Тестируйте стратегию на исторических данных перед использованием в реальной торговле.
3 Timeframe MACD3 Timeframe MACD Indicator
This indicator provides a multi-timeframe visualization of the MACD (Moving Average Convergence Divergence), enabling traders to analyze momentum and trend signals effectively across different timeframes.
Key Features:
Multi-Timeframe Capability:
Timeframe 1: Automatically uses the chart's current timeframe and displays the MACD Histogram along with the MACD line and Signal line.
Timeframe 2: A user-defined timeframe (default: 4 hours) displays both the MACD line and Signal line for trend and crossover analysis.
Timeframe 3: Another user-defined timeframe (default: 1 day) also displays the MACD line and Signal line, with increased line thickness for emphasis.
Dynamic Histogram Plot:
Timeframe 1's histogram is color-coded:
Green shades for positive values (brighter for increasing momentum).
Red shades for negative values (darker for increasing negative momentum).
Customizable MACD Parameters:
Adjustable Fast Length, Slow Length, and Signal Length to tailor the MACD calculation to specific trading styles or assets.
Clear and Distinct Visualizations:
Timeframe 1 includes the MACD Histogram with MACD and Signal lines for a detailed momentum view.
Timeframes 2 and 3 highlight the MACD and Signal lines in distinct colors for easy differentiation.
Use Case:
Ideal for traders seeking to monitor momentum changes (via Histogram) and trend/crossover signals (via MACD and Signal lines) across the current and two higher/lower timeframes.
Enhances decision-making by providing multi-timeframe confluence for trend-following or countertrend strategies.
This indicator is particularly useful for traders looking for a streamlined way to incorporate multi-timeframe analysis into their trading workflow.
ATR SL Band (No-Repaint, Multi-Timeframe) + Risk per ContractThis indicator draws a non-repainting band for ATR-based Stoploss placement.
If used on Futures, it shows the distance + risk from the previous candle close, as well as from the current price.
The risk value is automatically calculated for the following symbols:
(Micro) ES (S&P 500)
(Micro) NQ (NASDAQ 100)
(Micro) YM (Dow Jones Industrial Average / US30)
The timeframe can be set individually. It is not recommended to use a lower timeframe than the chart timeframe as values differ from the actual timeframe's ATR SL in this case.
MA Multi-Timeframe [ChartPrime]The MA Multi-Timeframe indicator is designed to provide multi-timeframe moving averages (MAs) for better trend analysis across different periods. This tool allows traders to monitor up to four different MAs on a single chart, each coming from a selectable timeframe and type (SMA, EMA, SMMA, WMA, VWMA). The indicator helps traders gauge both short-term and long-term price trends, allowing for a clearer understanding of market dynamics.
⯁ KEY FEATURES AND HOW TO USE
⯌ Multi-Timeframe Moving Averages :
The indicator allows traders to select up to four MAs, each from different timeframes. These timeframes can be set in the input settings (e.g., Daily, Weekly, Monthly), and each moving average can be displayed with its corresponding timeframe label directly on the chart.
Example of different timeframes for MAs:
⯌ Moving Average Types :
Users can choose from several types of moving averages, including SMA, EMA, SMMA, WMA, and VWMA, making the indicator adaptable to different strategies and market conditions. This flexibility allows traders to tailor the MAs to their preference.
Example of different types of MAs:
⯌ Dashboard Display :
The indicator includes a built-in dashboard that shows each MA, its timeframe, and whether the price is currently above or below that MA. This dashboard provides a quick overview of the trend across different timeframes, allowing traders to determine whether the overall trend is up or down.
Example of trend overview via the dashboard:
⯌ Polyline Representation :
Each MA is plotted using polylines to avoid plot functions and create a curves across up to 4000 bars back, ensuring that historical data is visualized clearly for a deeper analysis of how the price interacts with these levels over time.
if barstate.islast
for i = 0 to 4000
cp.push(chart.point.from_index(bar_index , ma ))
polyline.delete(polyline.new(cp, curved = false, line_color = color, line_style = style) )
Example of polylines for moving averages:
⯌ Customization Options :
Traders can customize the length of the MAs for all timeframes using a single input. The color, style (solid, dashed, dotted) of each moving average are also customizable, giving users full control over the visual appearance of the indicator on their chart.
Example of custom MA styles:
⯁ USER INPUTS
MA Type : Select the type of moving average for each timeframe (SMA, EMA, SMMA, WMA, VWMA).
Timeframe : Choose the timeframe for each moving average (e.g., Daily, Weekly, Monthly).
MA Length : Set the length for the moving averages, which will be applied to all four MAs.
Line Style : Customize the style of each MA line (solid, dashed, or dotted).
Colors : Set the color for each MA for better visual distinction.
⯁ CONCLUSION
The MA Multi-Timeframe indicator is a versatile and powerful tool for traders looking to monitor price trends across multiple timeframes with different types of moving averages. The dashboard simplifies trend identification, while the customizable options make it easy to adapt to individual trading strategies. Whether you're analyzing short-term price movements or long-term trends, this indicator offers a comprehensive solution for tracking market direction.
Advanced MA and MACD PercentageIntroduction
The "Advanced MA and MACD Percentage" indicator is a powerful and innovative tool designed to help traders analyze financial markets with ease and precision. This indicator combines Moving Averages (MA) with the MACD indicator to assess the market’s overall trend and calculate the percentage of buy and sell signals based on current data.
Features
Multi-Timeframe Analysis:
Allows selecting your preferred timeframe for trend analysis, such as minute, hourly, daily, or weekly charts.
Support for Multiple Moving Average Types:
Offers the option to use either Simple Moving Average (SMA) or Exponential Moving Average (EMA), based on user preference.
Comprehensive MACD Analysis:
Analyzes the relationship between multiple moving averages (e.g., 20/50, 50/100) using MACD to provide deeper insights into market dynamics.
Calculation of Buy and Sell Percentages:
Computes the percentage of indicators signaling buy or sell conditions, providing a clear summary to assist trading decisions.
Intuitive Visual Interface:
Displays buy and sell percentages as two visible lines (green and red) on the chart.
Includes reference lines to clarify the range of percentages (100% to 0%).
How It Works
Moving Averages Calculation:
Calculates moving averages (20, 50, 100, 150, and 200) for the selected timeframe.
MACD Pair Analysis:
Computes the MACD to compare the performance between various moving average pairs, such as (20/50) and (50/100).
Identifying Buy and Sell Signals:
Counts the number of indicators signaling buy (price above MAs or positive MACD histogram).
Converts the count into percentages for both buy and sell signals.
Visual Representation:
Plots buy and sell percentages as clear lines (green for buy, red for sell).
Adds reference lines (100% and 0%) for easier interpretation.
How to Use the Indicator?
Settings:
Choose the type of moving average (SMA or EMA).
Select the timeframe that suits your strategy (e.g., 15 minutes, 1 hour, or daily).
Reading the Results:
If the buy percentage (green line) is above 50%, the overall trend is bullish (buy).
If the sell percentage (red line) is above 50%, the overall trend is bearish (sell).
Integrating Into Your Strategy:
Combine it with other indicators to confirm entry and exit signals.
Use it to quickly understand the market’s overall trend without needing complex manual analysis.
Benefits of the Indicator
Simplified Analysis: Provides a straightforward summary of the market's overall trend.
Adaptable to All Timeframes: Works perfectly on all timeframes.
Customizable: Allows users to adjust settings according to their needs.
Important Notes
This indicator does not provide direct buy or sell signals. Instead, it offers a summary of the market’s condition based on a combination of indicators.
It is recommended to use it alongside other technical analysis tools for precise trading signals.
Conclusion
The "Advanced MA and MACD Percentage" indicator is an ideal tool for traders who want to analyze the market using a combination of Moving Averages and MACD. It gives you a comprehensive overview of the overall trend, helping you make informed and quick trading decisions. Try it now and see the difference!
