Library "SupportResitanceAndTrend" Contains utilities for finding key levels of support, resistance and direction of trend. superTrendPlus(multiple, h, l, atr, closeBars) A more flexible version of SuperTrend that allows for supplying the series used and sensitivity adjustment by confirming close bars. Parameters: multiple : The multiple to apply to the...
Hello All, This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend. As seen below, each zigzag wave is a candle on Zigzag...
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Essentially, Moving Averages smooth out the “noise” when trying to interpret charts. Noise is made up of...
I have the ambition to create a ‘landscape’ which enables the user to see the ‘mood’ of the market about the price of an instrument, simply by looking where the candles go. Prices are a simple phenomenon , they go up or down or stay the same. This is represented quite well for the short term by a candle. I recommend to study candle patterns. Prices not only...
This indicator combines the Supertrend (to determine the main trend direction) with two Keltner channels (used for add and take profit signals) to construct a trend trading system. These are the available settings: General UseTrendChange ➞ toggle trend change alerts and labels UseAdds ➞ toggle add to position alerts and labels UseTakeProfits ➞ toggle...
Very much similar to : I have slightly changed code to accommodate multiple zigzags. Also removed possibility of external source to keep it simple. Indicator shows 2 Level zigzag based supertrends. Second zigzag used is multi level zigzag and hence, this acts as higher timeframe filter and can be considered as overall trend bias.
Uses two SuperTrend+ indicators to signal when a change in trend is confirmed. By using a minor trend within the major, a pullback after a turning point can signal a more optimal entry. See SuperTrend+ for more details.
The Commodity Channel Index (CCI) is a momentum oscillator used in technical analysis primarily to identify overbought and oversold levels by measuring an instrument's variations away from its statistical mean. Besides overbought/oversold levels, CCI is often used to find reversals as well as divergences. Originally, the indicator was designed to be used...
Level: 1 Background Omega Research proposed Tether line in June 2000. I utilized it in fast-slow line form to follow trend. Function Due it can provides good support and resistance, using it as "moving average" fast-slow line form can provide very stable golden cross and dead cross signal. You can adjust parameters to fit for your trading pair and use it and...
Back to my favourite supertrend. But, this time on the basis of zigzag pivots. This is similar to forming supertrend based on pivot high lows - but instead of using pivot poitns, we are using zigzag pivots here. Zigzag is derived using the same method as this script: But, have removed labels and display options of zigzag. Older lines are also immediately...
Based upon popular SuperTrend (AKA: ATR Trailing Stop) indicator with the following differences and improvements: Defaults to using Volume-Adjusted WMA ( VAWMA ) for ATR. (Can still be configured to behave exactly like classic SuperTrend.) Can use SMA, EMA, WMA, VWMA, and VAWMA instead of just SMA. Confirmation close bars for avoiding false breaks. ...
This script improves the Supertrend indicator by displaying a label that shows the percent difference between the latest closing price & the Supertrend. This comes in handy when one is using the Supertrend value as a stoploss level. For instance, one would like to have a maximum stop loss level of 8%. Instead of calculating how much percent the price is away...
All my scripts are part of a suite called Papercuts . This one uses one current timeframe supertrend and adds Four Automatic Higher Timeframe Supertrends based on those same parameters to help you determine larger trends while only needing a single chart. This works quite well on 5 and 15 minute charts and will look up in time. Confident trends can be...
Trading View today published a desktop Bad Internet connection indicator ?! which set me thinking… Despite recently introduced Dynamic Alerts many scripts do not leverage the information available for active traders and traders on the GO! So decided to share this script totally ALERT focused on one of the most popular DAY trading indicators. Of course no more BAD...
Profit Maximizer Indicator on RSI with Tillson T3 Moving Average: PMax uses ATR calculation inside, for this reason users couldn't manage to use PMax on RSI because RSI indicator doesn't have High and Low values in bars, but ATR needs that values. So I personally calculate RSI in a different way to have High and Low values of RSI wrt price...
Supertrend Bands What is the Supertrend indicator? "The Supertrend indicator is a trend following overlay on your trading chart, much like a moving average, that shows you the current trend direction. The indicator works well in a trending market but can give false signals when a market is trading in a range. It uses the ATR (average true range) as part of...
Supertrend Intraday Strategy Basic supertrend strategy purpose built for intraday trading. Users can define intraday session during which the strategy will run. Position is reversed when signal changes by using double quantity. Once the intraday session is over & if the position is open; it is squared off. Parameters: Intraday Session - Defines the...
Greetings! Here I show you the Tripple Super Trend Strategy. I discovered the strategy on a YouTube channel and tried to transfer it as a strategy into a script. Tested with the currency pair EUR/USD in the one hour chart. Period: beginning of 2020 until today. The strategy should also work with cryptocurrencies. But then the settings have to be...