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Triple Moving Average HeatmapHi everyone I didn't publish on Friday because I was working on an Expert Advisor in MT4. The day I don't publish, some scripts spamming guys published many (not useful) scripts the same to kick me out of the TOP #1 ranking. So what I'm going to do about it? crying or sharing more quality scripts than before? :) I guess you know the answer :) I'm gonna share a few quality scripts that I have in my library. I noticed that you guys tend to like more the scripts useful for your trading actually making you money rather than a copy-paste (of another copy-paste) Alright, enough for the trolling now let's introduce the Three MA heatmap which is an upgrade of that script : MA-heatmap-Double-cross-edition/ The challenge was to keep the heatmap not rolling and to make it match with the MA cross. I did it using this ``` since_ma_buy = barssince(macrossover) since_ma_sell = barssince(macrossunder) heatmap_color() => since_ma_buy < since_ma_sell ? color.new(color.green, 20) : since_ma_buy > since_ma_sell ? color.new(color.red, 20) : na ``` This is a technique that I found after drinking three glasses of red wine (#french) to keep the heatmap stable and not rolling. To get what I'm saying I invite you to replace the piece of code above by what everyone would normally do ``` heatmap_color() => macrossunder() ? color.new(color.green, 20) : macrossover() ? color.new(color.red, 20) : na ``` Ah and I'm not done sharing for the day, a few scripts are coming also after that one and tonight !!!!! I want to live in a world where you guys can enjoy quality scripts (mostly) :) PS ____________________________________________________________ Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future. - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Pine Script™ indicator
by Daveatt
6
Bollinger bands/Lagging span crossHello my dear ambitious traders I'm working hard this week to publish some great indicators this week and open sourced. Hope you'll enjoy, learn and use them. This will be my greatest reward but comments showing appreciation are also very welcomed (actually likes too) :) For today, I'll share a simple indicator but it's coming along with some insightful knowledge ^^ Anyway, I'm not here to ask you to this but to share a very cool indicator I made a few months ago and wanted to share for FREE with the community today The indicator is related to this educational post : What-a-Bollinger-Bands-Lagging-span-cross-can-tell-us/ This trading technique was invented by Robbytrade, a famous french trader twitter.com I wanted to have those visual signals on the chart so I coded it. The advantage of being a developer is that you can litteraly code what you miss and get your life better in the process. The one that will find a way to code a new form of money will be rich... wait.... that guy is called Satoshi Nakamoto... That's all for me today my friends PS Trying to update the Trade Manager shared yesterday with some cool features. More to come in the upcoming days Enjoy Dave
Pine Script™ indicator
by Daveatt
15
MA heatmap (Double cross edition)Hello my friends Sorry yesterday I couldn't post an indicator because I was travelling. So here's the today indicator inspired from that one Moving-Average-Heatmap-Visualization/ This will gives an interesting representation of a Double Moving Average cross That's all for me Let's resume the free indicators publishing next Monday with the MA heatmap (Triple cross edition) and then the 4 cross ... until the 100 cross edition .... "wait are you joking sir ?"... Totally YES :) But the Triple cross edition will be released as it's interesting from a Pine script perspective Enjoy your weekend and stay safe Dave
Pine Script™ indicator
by Daveatt
5
SVAMA - A Non Parametric Adaptive Moving Average Based On VolumeIntroduction Technical indicators often have parameters settings that the user must enter, those are inconvenient when the user must design a strategy because such settings must be optimized, it must also been noted that the optimal settings at time t could change at time t+n , this is why non parametric indicators are more efficient. Today i propose a moving average adapting to the market volume without using parameters affecting the smoothing. The Indicator The volume is rescaled in a range of (1,0) by using max or min normalization. Exponential averaging is used to provide the moving average. When using max normalization the moving average react faster when the volume is closer to its all time high, when using min normalization the moving average react faster when the volume is closer to its all time low. You can select the method (max or min) from the "Method" parameter. Volume tend to be higher and more periodic with higher time-frames, this is why lower time-frames might return smoother results when using the Max method. It is recommended to use the Max method when we want a faster moving average while the Min method is more suited to get a slower moving average. Both methods can provide an interesting MA-Cross system when used on higher time frames. Conclusion There should be more non parametric indicators, this would allow for faster and easier optimization processes when creating a strategy, in theory any indicator using a moving average or highest/lowest could be made non parametric by using a running mean or running max/min but the indicator might loose important information. This is one of my main focus right now since such indicators could also allow for improvements when used with artificial intelligence. I hope you find an use to it, don't hesitate to send me your suggestions. Thanks for reading !
Pine Script™ indicator
by alexgrover
9
Turbo TriggerSome Words This indicator is a collaboration between me and Himeyuri, i encourage you to check her profile and follow her www.tradingview.com Introduction A lot of indicators include a "trigger" line, it can be a smoothed version of another input, in this case the trigger will generate signals from his crosses with the input. The purpose of this indicator is to provide a fast trigger line to generate earlier signals as well as avoiding some whipsaw. The Indicator There are two lines, a bull line (blue) and the trigger (orange) , when the trigger cross over the bull line a buy signal is generated, when the trigger cross under the bull line a sell signal is generated. The trigger is made from the smoothed difference between the bull and bear line. smooth control the smoothness of the output. The Bull/Bear Mode is an idea proposed by Himeyuri that involve plotting the bear line instead of the trigger. Bull/Bear Mode, the lines are somewhat asymmetrical from each others. Conclusion We have showcased a new indicator who use a really fast trigger line to generate earlier signals, if some are way to earlier you can still increase smooth in order to correct reactivity. I hope you find a use to it. Thanks for reading ! A big thanks to Himeyuri who is a great student and great pinescripter.
Pine Script™ indicator
by alexgrover
6
Dynamically Adjustable Moving AverageIntroduction The Dynamically Adjustable Moving Average (AMA) is an adaptive moving average proposed by Jacinta Chan Phooi M’ng (1) originally provided to forecast Asian Tiger's futures markets. AMA adjust to market condition in order to avoid whipsaw trades as well as entering the trending market earlier. This moving average showed better results than classical methods (SMA20, EMA20, MAC, MACD, KAMA, OptSMA) using a classical crossover/under strategy in Asian Tiger's futures from 2014 to 2015. Dynamically Adjustable Moving Average AMA adjust to market condition using a non-exponential method, which in itself is not common, AMA is described as follow : 1/v * sum(close,v) where v = σ/√σ σ is the price standard deviation. v is defined as the Efficacy Ratio (not be confounded with the Efficiency Ratio) . As you can see v determine the moving average period, you could resume the formula in pine with sma(close,v) but in pine its not possible to use the function sma with variables for length, however you can derive sma using cumulation. sma ≈ d/length where d = c - c_length and c = cum(close) So a moving average can be expressed as the difference of the cumulated price by the cumulated price length period back, this difference is then divided by length. The length period of the indicator should be short since rounded version of v tend to become less variables thus providing less adaptive results. AMA in Forex Market In 2014/2015 Major Forex currencies where more persistent than Asian Tiger's Futures (2) , also most traded currency pairs tend to have a strong long-term positive autocorrelation so AMA could have in theory provided good results if we only focus on the long term dependency. AMA has been tested with ASEAN-5 Currencies (3) and still showed good results, however forex is still a tricky market, also there is zero proof that switching to a long term moving average during ranging market avoid whipsaw trades (if you have a paper who prove it please pm me) . Conclusion An interesting indicator, however the idea behind it is far from being optimal, so far most adaptive methods tend to focus more in adapting themselves to market complexity than volatility. An interesting approach would have been to determine the validity of a signal by checking the efficacy ratio at time t . Backtesting could be a good way to see if the indicator is still performing well. References (1) J.C.P. M’ng, Dynamically adjustable moving average (AMA’) technical analysis indicator to forecast Asian Tigers’ futures markets, Physica A (2018), doi.org (2) www.researchgate.net (3) www.ncbi.nlm.nih.gov
Pine Script™ indicator
by alexgrover
15