by fresca
SCRIPT LANGUAGE
Copy script below and adjust based on your preferences.
-function (change function from "sma" to "ema", "wma" and more)
-length (25 Day, 150 Day or add more averages to the three in this script.)
-color, (red, yellow, etc. or use color hex codes i.e. #FEDA15, #FFAD8F, etc.)
-transparency (set to desired level 1-100)
Or add...
for horizontal level traders that don't want to disregard the 200 week SMA.
Plots a horizontal line for the latest 200 week SMA value in lieu of a wavy line.
Open the indicator's settings and check the "Price Line" box for max visibility
Draws the up and down crossovers of a specified MA Type.
# Inputs
- MA Type: "sma", "ema", "swma", "vwma", "wma"
- Length >=1
- Source
- Offset >= 0
- Show cross Up?
- Show cross Down?
# Open Source
The code is open source @ github.com and uses the commonpine library github.com
This indicator was created by Fábio Figueiredo (VLAD)
The idea is to show the distance in percentage that the asset is of the SMA of the price, so it is possible to know if the price is very stretched or not
I also added the SMA of "distance of SMA" as extra information.
In this Indicator, we have the "True Range" in percentage and the "SMA True Range" in percentage.
we have a good difference from "SMA True Range" to "True Range".
I believe that the "SMA True Range" better shows the volatility, making your stop and target better placed.
it plots
ema - you can choose length
it plots a custom price say x
it plots price x*factors >
1.0005* price
1.001* price
0.9995* price
0.999* price
1.002* price
1.004* price
1.006* price
1.008* price
1.010* price
1.012* price
you can edit these , the scrip is open source
it plots ohlc4 and ohlc4* factors
1.0005* ohlc4
1.001* ohlc4
0.9995* ohlc4
0.999* ohlc4
you...
This oscillator is used for *mean reversion* strategies only.
This oscillator calculates the real-time distance of a price-point subtracted from the SMA, then compares it to the average distance to determine equilibrium imbalances. When the imbalance becomes less and goes under the signal line, a reversal is very likely.
Do not trade mean reversion during any...
There are two components to this script:
1. The moving averages that are plotted to visualize the trend
2. The squares plotted at the bottom of the chart are a combination of Trend Detector 3.0's two set of squares. Green = bullish, yellow = undecided, red = bearish.
Use on multiple timeframes to help plan out trades.
As colored moving averages show local trends much better, here you go. Few different MA's in one script to switch between (SMA, EMA, WMA, VWMA, RMA).
You can also turn off 2 colors option if you don't need it.
The idea is to show simply through colors "stronger or weaker" the relevance of candles in the current direction of the asset.
the indicator was made to be used in the graphics of 5m and 15m. based on the SMA20 already indicated previously and with a SMA20 of the graph of 60m.
candles will have their colors modified according to their relevance in the current...
