N Bar Reversal Detector [LuxAlgo]The N Bar Reversal Detector is designed to detect and highlight N-bar reversal patterns in user charts, where N represents the length of the candle sequence used to detect the patterns. The script incorporates various trend indicators to filter out detected signals and offers a range of customizable settings to fit different trading strategies.
🔶 USAGE
The N-bar reversal pattern extends the popular 3-bar reversal pattern. While the 3-bar reversal pattern involves identifying a sequence of three bars signaling a potential trend reversal, the N-bar reversal pattern builds on this concept by incorporating additional bars based on user settings. This provides a more comprehensive indication of potential trend reversals. The script automates the identification of these patterns and generates clear, visually distinct signals to highlight potential trend changes.
When a reversal chart pattern is confirmed and aligns with the price action, the pattern's boundaries are extended to create levels. The upper boundary serves as resistance, while the lower boundary acts as support.
The script allows users to filter patterns based on the trend direction identified by various trend indicators. Users can choose to view patterns that align with the detected trend or those that are contrary to it.
🔶 DETAILS
🔹 The N-bar Reversal Pattern
The N-bar reversal pattern is a technical analysis tool designed to signal potential trend reversals in the market. It consists of N consecutive bars, with the first N-1 bars used to identify the prevailing trend and the Nth bar confirming the reversal. Here’s a detailed look at the pattern:
Bullish Reversal : In a bullish reversal setup, the first bar is the highest among the first N-1 bars, indicating a prevailing downtrend. Most of the remaining bars in this sequence should be bearish (closing lower than where they opened), reinforcing the existing downward momentum. The Nth (most recent) bar confirms a bullish reversal if its high price is higher than the high of the first bar in the sequence (standard pattern). For a stronger signal, the closing price of the Nth bar should also be higher than the high of the first bar.
Bearish Reversal : In a bearish reversal setup, the first bar is the lowest among the first N-1 bars, indicating a prevailing uptrend. Most of the remaining bars in this sequence should be bullish (closing higher than where they opened), reinforcing the existing upward momentum. The Nth bar confirms a bearish reversal if its low price is lower than the low of the first bar in the sequence (standard pattern). For a stronger signal, the closing price of the Nth bar should also be lower than the low of the first bar.
🔹 Min Percentage of Required Candles
This parameter specifies the minimum percentage of candles that must be bullish (for a bearish reversal) or bearish (for a bullish reversal) among the first N-1 candles in a pattern. For higher values of N, it becomes more challenging for all of the first N-1 candles to be consistently bullish or bearish. By setting a percentage value, P, users can adjust the requirement so that only a minimum of P percent of the first N-1 candles need to meet the bullish or bearish condition. This allows for greater flexibility in pattern recognition, accommodating variations in market conditions.
🔶 SETTINGS
Pattern Type: Users can choose the type of the N-bar reversal patterns to detect: Normal, Enhanced, or All. "Normal" detects patterns that do not necessarily surpass the high/low of the first bar. "Enhanced" detects patterns where the last bar surpasses the high/low of the first bar. "All" detects both Normal and Enhanced patterns.
Reversal Pattern Sequence Length: Specifies the number of candles (N) in the sequence used to identify a reversal pattern.
Min Percentage of Required Candles: Sets the minimum percentage of the first N-1 candles that must be bullish (for a bearish reversal) or bearish (for a bullish reversal) to qualify as a valid reversal pattern.
Derived Support and Resistance: Toggles the visibility of the support and resistance levels/zones.
🔹 Trend Filtering
Filtering: Allows users to filter patterns based on the trend indicators: Moving Average Cloud, Supertrend, and Donchian Channels. The "Aligned" option only detects patterns that align with the trend and conversely, the "Opposite" option detects patterns that go against the trend.
🔹 Trend Indicator Settings
Moving Average Cloud: Allows traders to choose the type of moving averages (SMA, EMA, HMA, etc.) and set the lengths for fast and slow moving averages.
Supertrend: Options to set the ATR length and factor for Supertrend.
Donchian Channels: Option to set the length for the channel calculation.
🔶 RELATED SCRIPTS
Reversal-Candlestick-Structure.
Reversal-Signals.
Cloud
Moving averages & clouds
Hi all!
This is a script that lets you have 3 moving averages (of a user defined type) and maybe have an alternative cloud (fill) between them. The cloud can be customized and turned on/off in the "style" tab for the indicator.
Alerts can be configured to fire on up/down/all crosses and are activated when the whole candle has crossed the morning average.
A higher time frame can be configured for the moving averages.
You can hide the moving average, but show the cloud:
You can have multiple clouds:
You can have moving averages from a higher time frame (here from weekly time frame on a daily chart):
Best of trading luck!
Supertrend x4 w/ Cloud FillSuperTrend is one of the most common ATR based trailing stop indicators.
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA.
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier.
The implementation of 4 supertrends and cloud fills allows for a better overall picture of the higher and lower timeframe trend one is trading a particular security in.
The default values used while constructing a supertrend indicator is 10 for average true range or trading period.
The key aspect what differentiates this indicator is the Multiplier. The multiplier is based on how much bigger of a range you want to capture. In our case by default, it starts with 2.636 and 3.336 for Set 1 & Set 2 respectively giving a narrow band range or Short Term (ST) timeframe visual. On the other hand, the multipliers for Set 3 & Set 4 goes up to 9.736 and 8.536 for the multiplier respectively giving a large band range or Long Term (LT) timeframe visual.
A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on minutes, hourly, daily, and weekly charts as well, but generally, it fails in a sideways-moving market. That's why with this implementation it enables one to stay out of the market if they choose to do so when the market is ranging.
This Supertrend indicator is modelled around trends and areas of interest versus buy and sell signals. Therefore, to better understand this indicator, one must calibrate it to one's need first, which means day trader (shorter timeframe) vs swing trader (longer time frame), and then understand how it can be utilized to improve your entries, exits, risk and position sizing.
Example:
In this chart shown above using SPX500:OANDA, 15R Time Frame, we can see that there is at any give time 1 to 4 clouds/bands of Supertrends. These four are called Set 1, Set 2, Set 3 and Set 4 in the indicator. Set's 1 & 2 are considered short term, whereas Set's 3 & 4 are considered long term. The term short and long are subjective based on one's trading style. For instance, if a person is a 1min chart trader, which would be short term, to get an idea of the trend you would have to look at a longer time frame like a 5min for instance. Similarly, in this cases the timeframes = Multiplier value that you set.
Optional Ideas:
+ Apply some basic EMA/SMA indicator script of your choice for easier understanding of the trend or to allow smooth transition to using this indicator.
+ Split the chart into two vertical layouts and applying this same script coupled with xdecow's 2 WWV candle painting script on both the layouts. Now you can use the left side of the chart to show all bearish move candles only (make the bullish candles transparent) and do the opposite for the right side of the chart. This way you enhance focus to just stick to one side at a given time.
Credits:
This indicator is a derivative of the fine work done originally by KivancOzbilgic
Here is the source to his original indicator: ).
Disclaimer:
This indicator and tip is for educational and entertainment purposes only. This not does constitute to financial advice of any sort.
Super Cloud Support and Resistance Signal [5ema]This indicator can supply the trending and signal.
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How to calculate?
The cloud be create by the min/max of the EMA lines:
+ (avg(EMA(source, 20), EMA(source, 50), EMA(source, 200), EMA(source, 460), EMA(source, 610))
+ with source = high / low / open and close.
The signal bar is a reversal candle pattern such as engulfing, hammer, ....
For avoid to against the trend, use the number left bars are completely above or below the cloud.
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How to set up?
Input the number left bars to get the number left bars are completely above or below the cloud. Its purpose is avoid to get signal against the trend. Can set it bigger than 2.
Can filter the signal only buy or only sell to follow the current trend.
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How to use?
Refer the trend cloud:
Can refer the signal:
Make an alert when signal appear.
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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
NAMA Cloud - Quan DaoApplication of Non-Adaptive Moving Average (NAMA) by using a fast and slow MAs to draw a trending cloud.
Using this indicator, one might have an overview look on the trend of the security now.
- These 2 MAs are NOT dependant on the starting length (thus user does not have to choose the length of the MAs anymore).
- When the fast MA is above the slow MA, most likely the trend is up (blue color).
- When the fast MA is below the slow MA, most likely it's an down trend (orange color).
- When the two MAs cross, most likely there will be a trend change (small or big) soon.
You can also show/hide a bands (ATR, Bollingers, ...) in this indicator as well.
Cloud Levels [Import Price Levels]This script allows you to import TA and price levels from an external source. For example, you may do some TA on a different software but want to import it to TradingView. Or you may have a script or bot that calculates levels for you end-of-day. Or you may be part of a community that provides TA and levels. There are many different reasons why you may want to import levels from an external source.
All you need is a source for the data. The data format shouldn't really matter since it can usually be converted fairly easily to a custom format. Information about the necessary format can be found below.
The script currently supports:
Labelled lines with customs style and colors
Boxes / zones with custom fill color and borders
Fibonacci ratios
In the plans:
Channel support
Trend lines
The input format looks like this:
FIGURE 1 - Lines with labels
Columns: ,,,,;
Example: 1677724019999,3976.50,Label text,255/255/0/125,sol
FIGURE 2 - Boxes
Columns: ,,,,,,,;
Example: 1686715971428,4430.18,1686773561538,4409.52,68/98/194/15,1,1,153/204/255/204
FIGURE 3 - Fibonacci ratios
Columns: ,,,,,,,,
Example: 1656649151300,4588.75,1656649151300,3639,dot,1,3,0.236|0.382|0.5|0.618|0.706|0.786|0.886,170/200/255/76|170/200/255/76|170/200/255/76|0/255/0/76|255/153/0/76|255/153/0/76|255/153/0/76
*ratios and ratio colors are separated by '|'
*RGBA colors must look like this: 255/255/0/125, each value separated by '/'
*Line style s must be one of these values: dsh, sol or dot (dashed, solid or dotted)
Separate each item within the same figure with a semicolon (;), e.g for two labelled lines: 1677724019999,3976.50,Label text,255/255/0/125,sol;1677724019999,4026,Label text 2,255/255/0/125,sol
Only put a semicolon at the end if there is a new item after it.
Finally, put all figures together with '§' separator between each figure/category, in the correct order:
1 - Lines with labels
2 - Boxes
3 - Fibonacci ratios
The result looks like this for the examples above:
1677724019999,3976.50,Label text,255/255/0/125,sol§1686715971428,4430.18,1686773561538,4409.52,68/98/194/15,1,1,153/204/255/204§1656649151300,4588.75,1656649151300,3639,dot,1,3,0.236|0.382|0.5|0.618|0.706|0.786|0.886,170/200/255/76|170/200/255/76|170/200/255/76|0/255/0/76|255/153/0/76|255/153/0/76|255/153/0/76
An incorrect format will give you errors.
With basic programming skills you can create a simple tool to convert your data to this format, that's what I do. If needed, I may be able to provide a customized converting tool for this, PM if interested.
IKH Cloud V1.0 (nextSignals)The IKH Cloud V1.0 (nextSignals) is an Ichomoku-type indicator that can be used for various trading strategies. It's based on a ThinkScript study from @stephenharlinmd (aka nextSignals) that uses an instantaneous moving average as the base MA, and a custom trailing stop. Both of these components form the cloud.
Indicator Components and Calculation
The indicator comprises two key components:
Instantaneous Moving Average (IMA) : This is a type of moving average that places a greater weight on the most recent data points, and is based on Ehler's book "Rocket Science for Traders". This is slightly different from the Doc's original, but is very approximate.
Trailing Stop : This component helps determine the stop loss level that moves along with the price. The trailing stop is based on the highest high and the lowest low of the last 5 bars, as well as the simple moving averages of the low and high of the previous bar. The trailing stop is calculated separately for each condition: when the bar index is greater than 1 and when the previous 'a' variable is either 1 or 0.
These two components are used to create a filled area on the chart, also known as the 'cloud'. The color of the cloud and the candlesticks change based on the relative positions of the IMA and the trailing stop.
How to Use the Indicator
The following are just ideas on how to use this indicator, and is not financial advice in any form:
Trend Identification: When the IMA is above the trailing stop (cloud), it indicates an uptrend, and when it's below, it indicates a downtrend.
Entry/Exit Signals: Traders can consider going long when the candlesticks move above the cloud and short when they move below the cloud.
Stop Loss Level: The trailing stop line (the cloud's edge) can serve as a dynamic stop loss level.
Please don't use just this indicator on its own. Please use this in conjunction with other analysis tools, indicators, and systems you already have in place. Always consider the overall market context and use appropriate risk management strategies.
Donchian Cloud Score w/ TableThis indicator contains a set of 5 Donchian channels (upper, lower, and basis plotted) defaulted to lengths of 25, 50, 100, 150, and 200. A set of conditions associated with the channels aims to determine ranging versus trending markets. Weights are given to these conditions accordingly, then tallied up to determine the "cloud score", ranging between -25 and 25. For the purposes of this indicator, a ranging market is determined by a cloud score between -10 and 10, while a positive trending market has a score higher than 10 and a negative trending market has a score lower than -10. This score is accompanied by altered bar color to reflect the score - gray for ranging markets, green for positive trending markets, and red for negative trending markets. Breaking of upper or lower Donchian bands is typically a good indication of a potential breakout. Having a weighted system for these conditions will provide more insight and layers of confirmation into a Donchian breakout trading strategy. The table will reflect these values through positive, negative, and neutral coloration.
The list of conditions and their associated weights for this indicator are as follows:
- Broke the 25-length DC (DC(25)) upper band in the previous 3 bars - +1 if true, 0 if false
- Broke the DC(50) upper band in the previous 3 bars - +2 if true, 0 if false
- Broke the DC(100) upper band in the previous 3 bars - +3 if true, 0 if false
- Broke the DC(150) upper band in the previous 3 bars - +4 if true, 0 if false
- Broke the DC(200) upper band in the previous 3 bars - +5 if true, 0 if false
- Broke the DC(25) lower band in the previous 3 bars - -1 if true, 0 if false
- Broke the DC(50) lower band in the previous 3 bars - -2 if true, 0 if false
- Broke the DC(100) lower band in the previous 3 bars - -3 if true, 0 if false
- Broke the DC(150) lower band in the previous 3 bars - -4 if true, 0 if false
- Broke the DC(200) lower band in the previous 3 bars - -5 if true, 0 if false
- DC(25) basis line above the DC(50) basis line - +1 if true, -1 if false
- DC(25) basis line above the DC(100) basis line - +1 if true, -1 if false
- DC(25)basis line above the DC(150) basis line - +1 if true, -1 if false
- DC(25) basis line above the DC(200) basis line - +1 if true, -1 if false
- DC(50) basis line above the DC(100) basis line - +1 if true, -1 if false
- DC(50) basis line above the DC(150) basis line - +1 if true, -1 if false
- DC(50) basis line above the DC(200) basis line - +1 if true, -1 if false
- DC(100) basis line above the DC(150) basis line - +1 if true, -1 if false
- DC(100) basis line above the DC(200) basis line - +1 if true, -1 if false
- DC(150) basis line above the DC(200) basis line - +1 if true, -1 if false
FBMAEN:
TradingView indicator for FBMA strategy
People oftem ask: “Dmitry, BABA, TSLA, AAPL flies like a rocket! Well, what are we buying!?” - And I say no, the price does not act like a straight rocket upwards or downwards, instead it breathes, inhales moving away from the moving average and exhales returning to it, so we will wait for the first pullback and buy exactly at the value of the moving average.
Your new paradigm: wait for the stock to pull back to the moving average rather than chasing the price
And one more thing... Remember, you don't want to buy a stock when it's going down, you'll start to have doubts. it's against human nature to go long when the price is falling, but that's why this strategy works so well. We buy on the price rollback (pullback to the moving average), but we DO IT WHILE FOLLOWING THE TREND.
The biggest consequence of this strategy, my author's FBMA strategy and this is a game changer (results are in the comments).
So, let's dive into FBMA indicator settings:
Main settings
ATR Period — Period of intergrated ATR Indicator(shows ATR in a small dashboard);
Settings of Moving Averages
Sign Moving Averages? — shows values of moving averages near their lines on the chart;
Fix MAs' signatures overlapping? — automatically MAs' signatures overlapping (specifically for SMAs and EMAs!) ;
Fix MAs' signatures overlapping between SMAs and EMAs? — automatically group overlapping between EMAs' and SMAs' signatures;
Min distance between MAs' signatures (in % of ATR) — minimal distance between MAs' signatures that indicator will push away MAs' signatures from each other if they are overlapped;
Dashboard
Dashboard position — position of dashboard on the chart ( 9 options ).
Settings of MAs
Source;
Period;
Option for showing EMA and/or SMA of chosen period and source;
Line colour ;
Signature colour .
Addons
Show data by selected timeframe? — shows difference of current price opening and opening a "timeframe" time ago;
Shows MAs only if asset has grown by selected growth % in selected timeframe?
Growth, % — percent, which asset has to gain in order for MAs to be plotted;
Timeframe — frequency with which price's current and previous opening are being will be compared;
Show analog MAs' signatures? — shows MAs' value in a small table;
Show cloud between 1st and 2nd MAs? — shows cloud for both EMAs and SMAs simultaneously).
Price Action
This settings are intuitively understandable
Feel free to leave your questions or suggestions in the comments!
* Price Action-section was taken from ChrisMoody's CM_Price_Action and rebuilt.
RU:
Индикатор TradingView для стратегии ПООС
Мне часто пишут в личку: “Дмитрий, BABA, TSLA , AAPL летит ракетой! Ну что покупаем!?”- А я говорю нет, цена не летит по прямой ракетой вверх, она дышит, делает вдохи отдаляясь от скользящей и выдохи возвращаясь к ней, поэтому мы дождёмся первого пуллбэка и купим точно на значении скользящей
Ваша новая парадигма: ждать акцию на пуллбэке к скользящей по тренду, а не гнаться за ценой
И ещё… Помните, вы не захотите покупать акцию в момент, когда она падает, вы начнете сомневаться т.к. это против человеческой природы заходить в лонг при падении цены, но именно поэтому эта стратегия работает так эффективно, т.к. мы покупаем на откате цены (пуллбэке к скользящей), но ПО ТРЕНДУ
Самое большее следствие из этой стратегии, моя авторская стратегия ПООС и это гейм-чейнджер (результаты в комментариях).
Итак, давайте посмотрим сами настройки индикатора:
Основные настройки
ATR Period — период интегрированного индикатора ATR (показывает ATR на небольшой панели);
Настройки скользящих средних
Sign Moving Averages? — показывает значения скользящих средних рядом с их линиями на графике;
Исправить перекрытие сигнатур МА? — автоматически сигнатуры СС перекрываются (специально для SMA и EMA!) ;
Исправить перекрытие сигнатур МА между SMA и EMA? — автоматически группировать перекрытие между сигнатурами EMA и SMA;
Минимальное расстояние между сигнатурами скользящих средних (в % от ATR) — минимальное расстояние между сигнатурами скользящих средних, при котором индикатор будет отталкивать сигнатуры скользящих средних друг от друга, если они перекрываются;
Панель управления
Dashboard position — положение таблицы на графике ( 9 вариантов ).
Настройки МА
Source;
Период;
Опция отображения EMA и/или SMA выбранного периода и source;
Цвет линии ;
Цвет подписи .
Дополнения
Показать данные по выбранному таймфрейму? — показывает разницу текущей цены открытия и цены открытия в прошлом, по времени равному величины параметра "Таймфрейм";
Показывает MA только в том случае, если актив вырос на выбранный % роста за выбранный период времени?
Прирост, % — процент, на который актив должен набраться, чтобы скользящие средние были построены;
Таймфрейм — частота, с которой будет сравниваться текущее и предыдущее открытие цены;
Показать сигнатуры аналоговых МА? — показывает значение МА в небольшой таблице;
Показать облако между 1-й и 2-й скользящими средними? — показывает облако для EMA и SMA одновременно).
Price Action
Эти настройки будут интуитивно понятны
Оставляете свои вопросы и предложения в комментариях, всё учтём!
* Price Action-section was taken from ChrisMoody's CM_Price_Action and rebuilt.
Ichimoku Cloud and ADX with Trailing Stop Loss (by Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI , the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend.
Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach.
Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse.
This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades.
Long orders are placed when these basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
-DI is greater than +DI
ADX is greater than 45
Close Position:
3% increase trailing
3% decrease trailing
The script is backtested from 1 January 2018 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on MATIC (1d timeframe), ETH (1d timeframe), and SOL (1d timeframe).
Probability Cloud BASIC [@AndorraInvestor]🔮☁️
This is the BASIC version of the PROBABILITY CLOUD indicator.
It is an evolution beyond traditional standard deviation probabilistic indicators only using bands or channels.
The new PROBABILITY CLOUD graphic representation with customizable transparent layers is based on -2 / +2 standard deviation calculated using 20 fixed predetermined time periods, and is available in several calculation MODES:
SMA , EMA , WMA , VWMA , VWMA & VAWMA
The indicator is designed to let the trader visually understand the probabilistic depth of past, present and future price action, and its evolution over time.
Looking forward to your comments and feedback to guide me on future updates!
🙏 Big THANKS @Electrified for letting me use his work on Deviation Bands/ as a starting point for my first script.
Weeknights Momentum GuppyA very simple moving average cloud to assess momentum. This indicator is not meant to be used for entry triggers, but rather to see when momentum may be shifting
Can be used on any time frame, and should be used in conjunction to your current trading plan
Ichimoku Cloud with EMAThis is a standard Ichimoku Cloud indicator that uses the exponential moving average (EMA) instead of the Tenkan and Kijun Sen.
It provides similar signals as the original but just looks nicer in my opinion.
[MAD] almost Nadaraya-Watson EnvelopeThis is a cloud where I tried to recreate the Nadaraya-Watson Envelope using a different mathematical approach
Clustered standard Ma's with weighting.
Objectives:
No repaints
Alerts
Almost the same output on live play.... (no need to replay history when configuring settings).
the presetup is for LuxAlgo's default settings (thanks for this great indicator).
Features:
Alarms with different modes --- Band 3 is the band that triggers the alarms.
more gradual setting for the curve
visual alerts for band 1 and 2
how to use:
in trend direction act the yellow "in direction" arrows tape 1
against the trend direction: the band 3 signal, DCA or with SL, prefer SL as it is safer
for both trading variants you can adjust the curve and the bands to your risk management
have fun
MA cloud + divergence tensionI noticed how well BTC often bounces off the 200 Moving Averages on the 4HR so started investigating ways of visualising the ongoing relationship between price and MAs.
Firstly, this draws a cloud which is made up of the SMA and the EMA, and it colours the cloud based on how far the price is diverging from the middle of the cloud. If the price is the most extreme distance out of the set (by default, the past 200) the cloud will be coloured dark blue. If it's the closest, it will be transparent.
I then looked at plotting these extremes. If the price passes the sensitivity threshold (default 99 - I will look at adding more sensitivity in the future), and by that I mean the price is more divergent than that percentage of other prices inspected in the range, it plots a circle - green if it's oversold, red if it's overbought.
These signal maximum tension between the price and the moving averages. Though when I say maximum, I'm only referring to the historic range! As you can see, often price diverges even further and so more signals are placed. But usually, this tension is resolved, either by the MA cloud moving towards the price or the price moving towards the cloud. With confluence from other indicators, these could be good points to start taking dollar cost averaging, or start taking profits.
Once that tension is released, and the price and cloud converge closely again, we get a blue "relief signal", which could signal that the price action is about to rebound again.
Please be careful with this, it's only for fun. Not investment advice!
If you have any suggestions, comments, criticism, I'd love to hear them,
Thanks
OhManLan Golden CloudThis indicator is a modification of the popular Ichimoku indicator, build high/low channels using the Golden Ratio, Volume-weighted average price allows smoother components.
high/low channels moves based on Fibo Levels (Golden Ratio: 1.618).
- Settings -
The indicator can be adjusted to your needs.
- How to use -
OhManLan Golden can be used a Support/Resistance , Stop loss, Trailing stop and Price target.
Volume-weighted average price allows smoother components.
Can be used with other indicators such as Moving Average Convergence Divergence (MACD).
Weeknights Momentum CloudA very simple moving average cloud to assess momentum. This indicator is not meant to be used for entry triggers, but rather to see when momentum may be shifting to the downside
Can be used on any time frame, and should be used in conjunction to your current trading plan
Double Ichimoku Cloud with drop-down selectable lookback periodsThis script will display two Kumo Clouds. The overlap between the clouds can be areas of high support or resistance. I've included a drop-down selector for a variety of common lookback periods. Experiments show that the 10-30-60-30 settings can be more applicable to the FOREX and Crypto markets.
Glow-NodeThis indicator uses multiple different indicators in confluence to identify the direction of the trend, pullback zones, accurate entry points and even exit points to give you a simpler trading experience!
Colour Changing Candles
Our first focus was to identify the direction of the trend so we created an indicator to do just that. Instead of having lots of indicators covering your screen we have set the candles to change colour when the trend changes direction! This means you can focus on taking buy trades when the candles are blue and sell trades when the candles are purple.
Glow Cloud
Our unique cloud works as a support and resistance zone, as well as giving you additional confirmation of the direction of the trend. When the price is above the cloud we’re in a buying market and when the price is below the cloud we’re in a selling market. We can also use breakouts and retests of the cloud to find good trade ideas.
Integrated Volume Indicators
Our volume indicators are working hard in the background to give us a better understanding of the market bias. Although you cannot see the indicators, they are used in confluence with the rest of the features to give us more accurate signals. You can also see whether the volume indicates bullish or bearish momentum using the confirmation table.
Main Signals
Our main signals work best between the 15m-4h timeframes. This feature will send you trading signals based on a few different strategies including MA crossovers. Glow Node will only send the signal when all of the confirmations align, giving you an extremely accurate trade set up. The confirmations consist of the market being in an uptrend, bullish volume, above the cloud and then a cross over signal with our secret tool for a buy trade and vice versa for a sell trade.
Scalping Signals
We know how much you all love scalping! When you drop to a 5 minute timeframe or lower, the main signals disappear and you will only be able to see the scalping signals. The scalping signals are triggered when the market pulls back to the cloud and rejects it meaning you can catch all the pullbacks and continuation as you trade with the trend! We’re honestly extremely excited about this feature!
Confirmation Table
Our confirmation table will tell you if all of the features above are in confluence with each other giving you great trading opportunities. It will also show you what direction the market is trending on higher timeframes. This means you can trade with a higher timeframe trend without having to change your screen. You also don’t have to put lots of effort into adding more confirmations if you miss a signal you can use your own strategy and the confirmations from this table to create your own trade ideas.
Stop Loss Indicators
Stop losses are always a topic of conversation when it comes to trading, do you place your stop loss below the previous low? Previous candle? Below a moving average? There’s so much confusion when it comes to where to put your stop loss so we added 2 different stop loss features which you can decide between. We are always optimising our stop loss settings with the current market conditions so that you can take less losing trades and focus more on winners!
SpyGuyTrendTrackerWorking on official documentation at the moment!
As soon as I have that ready I will update this description to incorporate that information.
Basic knowledge:
The clouds are differentiated by EMA lengths and distortion values
Yellow: Short Term
Red: Mid Term
Blue Long Term
I will get finalized documentation ASAP, until then, have fun backtesting and creating your own strategies / ideas while using this indicator!
Bogdan Ciocoiu - CoordinatorDescription
The Coordinator is an indicator developed on the back of the RSI algorithm, modified substantially to form a cloud. In addition, the Coordinator uses EMA/SMA to compare the location of the RSI cloud with the chosen moving averages (EMA vs SMA).
This indicator is helpful as it confirms when a trader should enter a position or exit based on the proximity of the RSI cloud to the relevant MA.
Uniqueness
The Coordinator provides unique benefits, including:
It shows the strength of the RSI in the shape of the RSI cloud, using two sets of dimensions (one more long term and one more short-term oriented).
It indicates the positioning of the RSI cloud in conjunction with the relevant moving averages to help traders remain in positions for longer.
It shows the RSI 14 (useful when spotting divergences aligned with the price action).
Open-source
The Coordinator uses the following open-source scripts:
www.tradingview.com
Ichimoku VariationsThe Ichimoku cloud is traditionally constructed from the highest high and lowest low for a number of periods. This script allows for it to be transformed and calculated like more traditional moving averages (e.g. simple moving average, exponential moving average). Since the Ichimoku is normally a system of moving average-like lines, maybe someone out there will learn something from being able to switch to sma, ema, etc etc.
In general, I think no TA indicator is a magic bullet, and you should just use what you like!
Credit: This script utilizes the "Color Gradient Framework" tutorial by LucF (PineCoders) to create gradient visuals, which are also customizable for the user.
Recommended modes:
default
SMA
EMA
SMMA
WMA
VWMA
Tillson T3
Not Recommended (These moving averages are too fast, and probably will require adjusting settings to something like the 20-60-120-30 to make more sense):
HMA
EHMA
TEMA
ALMA
LSMA
4C Moving Avg CloudThis indicator plots 2 moving averages with a cloud filling the area between the two.
It has the unique ability to choose between multiple moving average types, AND also paints the average based on slope direction, all in one indicator.
Most of the available moving average cloud indictors only allow one type of moving average for both averages together (e.g. 21 EMA with 200 EMA; or 21 SMA with 200 SMA)
The 4C Moving Avg Cloud features the ability to choose a different average type for each of the moving averages, and can be mixed and matched (e.g. 21 EMA with 200 SMA; or 21 RMA with 200 EMA; etc...)
Offers a selection for each of the moving averages to choose between: EMA, SMA, RMA, WMA
Credit: Some aspects of this part of the 4C moving avg cloud indicator were adapted from the "Best Cloud All MA" indicator @author=Daveatt
Another unique aspect of this moving avg cloud indicator is that is paints the moving average lines based on slope direction.
If the slope direction of the avg is up, it is painted one color, and if the avg is sloping down, it is painted another color (default: red).
This slope coloring is based on a 1 period lookback, and cant be adjusted.
