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Exponential Moving Average (EMA)

VWAP + EMA Analysis [Joshlo]Overview and Use Case VWAP Analysis gives the possibility to combine multiple time frames of VWAP along with a triplet of exponential moving averages. This can provide insight into potential scalp, swing and longer term trades, depending on your time frame. The use of this indicator with it's setup is based off the the Scalp Setup Alerts provided by Roensch Capital. The primary use for this script is to help with intraday scalp set ups. Using the Daily VWAP, turned on by default, we can look for price to respect and bounce from one of the VWAP lines (support or resistance) back toward equilibrium, we can also look for price to bounce off of equilibrium and move back toward VWAP support or resistance. The chart attached shows AMD bouncing off of the Daily time frame VWAP Resistance level multiple times (see yellow boxes), often with confirmation given by an increase in volume which is often far higher than the average volume. In many of these cases a short position could've been opened or put option could have been placed with a profitable outcome. Every line projected onto the chart via this indicator has the potential to create support or resistance as well as causing 'hang ups', meaning price loses it's momentum, slows down and hangs out in the particular area. This is shown on the chart within the green box. Chart walkthrough - See attached chart After a rejection off of the Daily VWAP Resistance line (depicted by the white circle), price starts to move back toward Daily VWAP Equilibrium. In order to reach this line, price needs to move through the 20EMA (white) and 50EMA (purple), the Weekly VWAP Resistance (red circles) and the 200EMA (orange). All of these lines are a part of this single indicator. The 20EMA seems to offer little resistance but follows the price on it's move, offering some resistance to a volatile move upward. Initially upon contact with the 50EMA, price hangs up and bounces above and below the line whilst finding support on the Weekly VWAP Resistance at the same time. This causes a 'hang up' or sideways movement for around 20 minutes of trading. A potential trade may have entered at the white circle with a VWAP Resistance rejection and exited upon contact with the 50EMA in anticipation of multiple EMAs and support / resistance lines converging which is known to cause price movement to slow. Eventually with an increase in volume, price breaks below the 20EMA (white), 50EMA (purple) and the Weekly VWAP Resistance level (red circles). Price then finds support on the 200EMA (orange), although there was potential for the price to fall to the Daily VWAP Equilibrium (solid blue). As the Red VWAP lines tend to act more often as resistance as opposed to support (price is rarely above these lines for extended periods), the trade from earlier may have profited more by awaiting contact with the 200EMA before exiting, taking the assumption that the Weekly VWAP Resistance was more likely to act as resistance than support. A period of consolidation in the green box, around the Weekly VWAP Resistance, 20EMA, 50EMA and with support from the 200EMA eventually resulted in another break out where the price came back up to the Daily VWAP Resistance. Prior to the end of this trading day, there were two more opportunities for scalp setups based off of the price showing consistent rejections off the Daily VWAP Resistance back down to the 50EMA. In the final example, price breaks above the Daily VWAP Resistance but quickly rejects off of the Monthly VWAP Resistance. For examples where the VWAP Resistance or Support or broken, it can help to look at an indicator such as the RSI to look for bullish divergence or bearish divergence. Just as this example shows bounces and rejection off of VWAP Resistance, the same applies around the Equilibrium and Support VWAP lines. The perfect scenario would be to find a ticker where there has already been two or three bounces off of one of these levels, with the goal of taking the trade on the next bounce and either using a percentage price target or technical price target based off of the EMAs or VWAP lines. If there are EMAs close in the direction you want to take the trade, there is a higher chance of hang ups and reversals, so a clear run is the more desired trade set up. You can also look for these indicator lines to stack up in order to form a stronger support and resistance. For example the 200EMA and Daily VWAP Equilibrium being close to each other may suggest it would take more of an effort to break both of these levels, but one by itself may break more easily. Indicator Setup In the settings for the indicator, almost everything you might want to change can be done from the Input tab. The three options for VWAP (daily, weekly and monthly) allow for analysis on multiple time frames. Daily is turned on as standard. Standard Deviation Multiplier is set to 2 as standard, this effects the distance of the VWAP support and resistance from the equilibrium line. This seems to be a level that works well with finding support and resistance lines, however if there is excessively high or low volume, occasionally the lines can be thrown off. You can adjust this level if required to find a 'sweet spot' where price likes to reject or find support. The colors for all VWAPs can be adjusted via the Inputs tab, however if you'd like to change the type of line these are depicted as, this can be done from the Styles tab. The 3 EMAs (20, 50 and 200) can be toggled on or off and also have their color changed. The style of the lines can be adjusted from with the Styles tab if required.
Pine Script™ indicator
by Joshlo
Easy Scalping by JayKasunBINANCE:BTCUSDTPERP This indicator can show stochastic RSI K and D line crosses and some candlestick patterns on chart. You can use this indicator to scalping, check usage for more info. Always backtest before trading with your real money. This indicator will also help mobile TradingView users to get an idea when getting stochastic RSI signals, they can use this indicator to check if stochastic RSI K and D crossed or not. ( Because they have limited area to view chart ) . 4 Exponential moving averages are there in the indicator with easy enable disable option. 9 , 21 , 55 , 100 is suggested as default values. Meanings of signs in chart Blue triangle bellow candle means it's a stochastic RSI K and D line cross in oversold level Red triangle above candle means it's a stochastic RSI K and D line cross in overbought level Green plus sign shows when EMA 50 crossover EMA 100 Red plus sign shows when EMA 50 cross bellow EMA 100 Features You can enable candlestick pattern displaying when stochastic RSI K and D cross happen. Check indicator settings. You can enable displaying ATR Trailing Stops in indicator settings. Indicator will only show blue triangle after Green plus sign and Red triangles after Red plus sign After you enable candlestick pattern option, stochastic RSI crosses with candlestick patterns will show in deferent colors. Blue triangle will turn into green and Red triangle into pink. Usage Use lower time frames like 5m or 15m After green plus sign, if price retouched 21 EMA or 55 EMA and blue triangle appeared , you can enter a long position. After red plus sign, if price retouched 21 EMA or 55 EMA and red triangle appeared , you can enter a short position. Always wait for candle close . signs of chart can be changed when candle closing. ( Does repaint until candle close ) Use ATR trailing to get a stop loss price. Use 1:1 or 1:0.5 Risk Reward ratio. Because it's scalping and lower time frame. Use more indicators like RSI to get more confirmations ( like divergences ) before entering a trade. Its more reliable. Candlestick Patterns Short names H - Hammer IH -Inverted Hammer BE - Bullish Engulfing ( green triangle ) BE - Bearish Engulfing ( pink triangle ) BH - Bullish Harami ( green triangle ) BH - Bearish Harami ( pink triangle ) I have included ATR + Trailing Stops by SimpleCryptoLife and Candlestick Patterns Identified (updated 3/11/15) by repo32 this is a combination of multiple indicators credit goes to original creators of above indicators
Pine Script™ indicator
by chnthkksn
2
Directional BiasA Directional Bias to stop me trading against the trend Utilising EMA'S - I personally view on the 15M TF but it can be set on any 40/50/60 15Minute STF and 13/35/50 - 30M 1H and 4H HTF Mixing them together in direction and location to each other Gives a 6 colour system for keeping away from trading against trend Dark Red Both Align - Sells Only do not take Buy Trades Medium Red HTF and Dark Red Mix - Sells Only do not take Buy Trades Light Red STF - if in a mix with Blanks and greens - Trade Both Directions - if 8 hours of solid Light Red ? Darker Red - do not take Buy Trades - Sells Only Orange - Trading Both ways - No Directional Bias Dark Green Both Align - Buys Only do not take Sell Trades Medium Green HTF and Dark Green Mix - Buys Only do not take Sell Trades Light Red STF - if in a mix with Blanks and greens - Trade Both Directions - if 8 hours of solid Light Green ? Darker Green - do not take Sell Trades - Buys Only Alert Setting for Change of Direction included I find this useful - to at least give me a pause for thought when I am about to trade against the trend - I hope you do to
Pine Script™ indicator
by Travelling_Trader
VWAP With EMAFor those who want the classic Volume Weighted Average Price and Ema on the same overlay. This script utilizes the same protocols as the VWAP and EMA you currently use. Just frees up an indicator space. KEEP UP TO DATE Are you a college student or graduate? Join College Town Trade discord for helpful community specializing in trading stocks, options, and crypto. Our staff consists of a group of college students with 10+ years of combined experience. Collectively we have profited and made well above an average yearly salary while being in college. The community aspect is everything and the team always listens and appreciates feedback. We all earn and learn together. There are free trials in place in order for you to see what it’s all about. These are in place so we can gain your trust and show transparency! I look forward to seeing you in the community advBtBjDhk
Pine Script™ indicator
by sraomberts
1
J2S Backtest: 123-Stormer StrategyThis backtest presents the 123-Stormer strategy created by trader Alexandre Wolwacz "Stormer". The strategy is advocates and shared by the trader through his YouTube channel without restrictions. Note : This is not an investment recommendation. The purpose of this study is only to share knowledge with the community on tradingview. What is the purpose of the strategy? The strategy is to buy the 123-Stormer pattern at the bottom of an uptrend and sell the 123-Stormer pattern at the top of a downtrend, aiming for a short stop for a long profit target. To which timeframe of a chart is it applicable to? Recommended for weekly and daily charts, as the signals are more reliable, being that strategy a good option for swing and position trading. What about risk management and success rate? The profit target is established by the author as being twice the risk assumed. Also according to the author, the strategy is mathematically positive, reaching around 65% of success rate in tradings. How are the trends identified in this strategy? Two averages are plotted to indicate the trend, a fast EMA average with an 8-week close and a slow EMA average with an 80-week close. Uptrend happens whenever the fast EMA is above the slow EMA and prices are above the fast EMA. In this case, we should start looking for a LONG entry based on the signal of the 123-Stromer pattern to buying. On the other hand, downtrend happens when the fast EMA is below the slow EMA and prices are below the fast EMA. In this case, we should start looking for a SHORT entry based on the signal of the 123-Stromer pattern to selling. How to identify the 123-Stormer pattern for a LONG entry? This pattern consists of three candles. The first candle has a higher low than the second candle's low, and the third candle has a higher low than the second candle's low. In this pattern, we will buy as soon as a trade occurs above the third candle's high, placing a stop as soon as a trade occurs below the second candle's low, with profit target twice the risk assumed. In another words, the amplitude of the prices of the three candles from the third candle’s high upwards. (you can use fibonacci extension to determine your stops and profit targets). Importantly, the low of the three candles must be above the fast EMA average and in an uptrend. How to identify the 123-Stormer pattern for a SHORT entry? This pattern consists of three candles. The first candle has a lower high than the second candle's high, and the third candle has a lower high than the second candle's high. In this pattern, we will sell as soon as a trade occurs below the third candle's low, placing a stop as soon as a trade occurs above the second candle's high, with profit target twice the risk assumed. In other words, the amplitude of prices of the three candles from the third candle’s low down (you can use fibonacci extension to determine your stops and profit targets). Importantly, the high of the three candles must be below the fast average and in a downtrend. Tips and tricks According to the author, the best signal for both LONG or SHORT entry is when the third candle is a inside bar of second candle. Backtest features Backtest parameters are fully customizable. The user chooses to validate only LONG or SHORT entries, or both. It is also possible to determine the specific time period for running the backtests, as well as setting a threshold in candels for entry by the 123-Stormer pattern. Furthermore, for validation purposes, you can choose to activate the best signal of the pattern recommended by the author of the strategy, as well as change the values of the EMA averages or even deactivate them. Final message Feel free to provide me with any improvement suggestions for the backtest script. Bear in mind, feel free to use the ideas in my script in your studies.
Pine Script™ strategy
by julianossilva
2
ComiCo - Joel on Crypto - MACD ScalpingThis is a modified (hopefully improved) version of the "Joel on Crypto - MACD Scalping" indicator. It got turned into a strategy, and added some extra filters, like number of trades after EMA cross, minimal EMA distance (EMA 50's distance from the EMA 200). It is just an experiment to see how good this scalping strategy can get. Play around with it and let me know if you found good settings, or just have a comment on it. I could get fairly good results on BTCUSDT 5m with these settings (all others left on default values): Ticks Avg. Multiplier = 1.4 Max trades after EMA cross = 16 Limit Price Difference = 0 Take Profit = 0.0065 Stop Loss = 0.0085 Min EMA difference = 110 Pyramiding = 3
Pine Script™ strategy
by bkomoroczy
28
WSTF RSI2 IndicatorThis is the Indicator replicating the basic RSI(2) created by Wilders. Buy condition: (RSI(2) crossed under 10) & (close > EMA(200)) & (EMA(5) > close) Sell condition: (RSI(2) crossed over 90) & (close < EMA(200)) & (EMA(5) < close) You can play around with the script by adjusting the RSI Values, EMA values and crossover & crossunder threshold. We will update the script with new features in the futures. Please don't hesitate to share some Ideas or Feedbacks, we would be happy to improve the script for you ! Have fun ! WS TradingFactory
Pine Script™ indicator
by WS_TradingFactory
3ngine Global BoilerplateABOUT THE BOILERPLATE This strategy is designed to bring consistency to your strategies. It includes a macro EMA filter for filtering out countertrend trades, an ADX filter to help filter out chop, a session filter to filter out trades outside of desired timeframe, alert messages setup for automation, laddering in/out of trades (up to 6 rungs), trailing take profit , and beautiful visuals for each entry. There are comments throughout the strategy that provide further instructions on how to use the boilerplate strategy. This strategy uses `threengine_global_automation_library` throughout and must be included at the top of the strategy using `import as bot`. This allows you to use dot notation to access functions in the library - EX: `bot.orderCurrentlyExists(orderID)`. HOW TO USE THIS STRATEGY 1. Add your inputs There is a section dedicated for adding your own inputs near the top of the strategy, just above the boilerplate inputs 2. Add your calculations If your strategy requires calculations, place them in the `Strategy Specific Calculations` section 3. Add your entry criteria Add your criteria to strategySpecificLongConditions (this gets combined with boilerplate conditions in longConditionsMet) Add your criteria to strategySpecificShortConditions (this gets combined with boilerplate conditions in shortConditionsMet) Set your desired entry price (calculated on every bar unless stored as a static variable) to longEntryPrice and shortEntryPrice. ( This will be the FIRST ladder if using laddering capabilities. If you pick 1 for "Ladder In Rungs" this will be the only entry. ) 4. Plot anything you want to overlay on the chart in addition to the boilerplate plots and labels. Included in boilerplate: Average entry price Stop loss Trailing stop Profit target Ladder rungs
Pine Script™ strategy
by jordanfray
1
Phase-Accumulation Adaptive EMA w/ Expanded Source Types [Loxx]Phase-Accumulation Adaptive EMA w/ Expanded Source Types is a Phase Accumulation Adaptive Exponential Moving Average with Loxx's Expanded Source Types. This indicator is meant to better capture trend movements using dominant cycle inputs. Alerts are included. What is Phase Accumulation? The phase accumulation method of computing the dominant cycle is perhaps the easiest to comprehend. In this technique, we measure the phase at each sample by taking the arctangent of the ratio of the quadrature component to the in-phase component. A delta phase is generated by taking the difference of the phase between successive samples. At each sample we can then look backwards, adding up the delta phases.When the sum of the delta phases reaches 360 degrees, we must have passed through one full cycle, on average.The process is repeated for each new sample. The phase accumulation method of cycle measurement always uses one full cycle’s worth of historical data.This is both an advantage and a disadvantage.The advantage is the lag in obtaining the answer scales directly with the cycle period.That is, the measurement of a short cycle period has less lag than the measurement of a longer cycle period. However, the number of samples used in making the measurement means the averaging period is variable with cycle period. longer averaging reduces the noise level compared to the signal.Therefore, shorter cycle periods necessarily have a higher out- put signal-to-noise ratio. Included: -Toggle on/off bar coloring -Alerts
Pine Script™ indicator
by loxx
1
Short Swing Bearish MACD Cross (By Coinrule)This strategy is oriented towards shorting during downside moves, whilst ensuring the asset is trading in a higher timeframe downtrend, and exiting after further downside. This script can work well on coins you are planning to hodl for long-term and works especially well whilst using an automated bot that can execute your trades for you. It allows you to hedge your investment by allocating a % of your coins to trade with, whilst not risking your entire holding. This mitigates unrealised losses from hodling as it provides additional cash from the profits made. You can then choose to hodl this cash, or use it to reinvest when the market reaches attractive buying levels. Alternatively, you can use this when trading contracts on futures markets where there is no need to already own the underlying asset prior to shorting it. ENTRY This script utilises the MACD indicator accompanied by the Exponential Moving Average (EMA) 450 to enter trades. The MACD is a trend following momentum indicator and provides identification of short-term trend direction. In this variation it utilises the 11-period as the fast and 26-period as the slow length EMAs, with signal smoothing set at 9. The EMA 450 is used as additional confirmation to prevent the script from shorting when price is above this long-term moving average. Once price is above the EMA 450 the script will not open any shorts - preventing the rule from attempting to short uptrends. Due to this, this strategy is ideal for setting and forgetting. The script will enter trades based on two conditions: 1) When the MACD signals a bearish cross. This occurs when the EMA 11 crosses below the EMA 26 within the MACD signalling the start of a potential downtrend. 2) Price has closed below the EMA 450. Price closing below this long-term EMA signals that the asset is in a sustained downtrend. Price breaking above this could indicate a bullish strength in which shorting would not be profitable. EXIT This script utilises a set take-profit and stop-loss from the entry of the trade. The take profit is set at 8% and the stop loss of 4%, providing a risk reward ratio of 2. This indicates the script will be profitable if it has a win ratio greater than 33%. Take-Profit Exit: -8% price decrease from entry price. OR Stop-Loss Exit: +4% price increase from entry price. Based on backtesting results across a selection of assets, the 45-minute and 1-hour timeframes are the best for this strategy. 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. The backtesting data was recorded from December 1st 2021, just as the market was beginning its downtrend. We therefore recommend analysing the market conditions prior to utilising this strategy as it operates best on weak coins during downtrends and bearish conditions, however the EMA 450 condition should mitigate entries during bullish market conditions.
Pine Script™ strategy
by Coinrule
TrendicatorThis is a very simple crossover script that looks at a exponential moving average with a standard length set at 20, which may be redefined by the user. A (Uptrend) buy signal is given once a candle closes above the moving average, coloring the exponential average green, and a sell signal is given once a candle closes below the moving average, coloring the exponential average red. The goal of this indicator is to provide the user with a rather robust idea of whether the market is trending upwards or downwards, more so than providing definitive buy or sell signals. It works with symbols that do not change drastically in shorter time periods (I only trade XAU/USD). FXOPEN:XAUUSD
Pine Script™ indicator
by dannhau2
2
EMA 50 HIGH LOW BANDHi This indicator displays a band of EMA 50 having high and low of the same ema. This script works well on 5 min chart or lower time frames in intraday. When any price is above this band, you may consider a buy position and whenever any price is below this band, you may consider a sell position. You may also take help of EMA 200, which is shown in red color. Whenever price is above EMA200, it is considered bullish and when ever it is below EMA 200, it is considered bearish. This will remove a lot of noise from your chart. I hope it helps. Thanks
Pine Script™ indicator
by satishchndra
1
MTF EMASMulti time frame EMA This script will plot the configured EMAS on the current time frame (CTF) and also the same EMAS on a higher time frame (HTF). Hard coded according: * 5m EMAS will be plotted on TF bellow 5m * Daily EMA will be plotted on TF above 5m and bellow 1D * Weekly EMA will be plotted on daily TF * Monthly EMA will be plotted on weekly TF This configuration give us the opportunity to watch EMA support/resistance from HTF on the CTF
Pine Script™ indicator
by JoaoKunha
1
Joel on Crypto - MACD ScalpingJoel on Crypto - MACD Scalping This is a Scalping indicator primarily intended for the 5 minute time frame. It is based on the Crypto Scalping YouTuber Joel on Crypto's popular 5 minute scalping strategy and this is the indicator he personally use when Scalping. This is a Multi-timeframe indicator where if you use it on the 5 minute time frame, the MACD Histogram bars will be based on the 1 minute timeframe. The purpose of this indicator is not to trade it like a bot. The purpose is to grab the traders attention a time where there COULD be a scalping opportunity. Use this indicator at your own risk.
Pine Script™ indicator
by joeloncrypto
24
Multi EMA with labels (Any timeframe)This script lets you add up to 8 EMAs (Exponential Moving Averages) that can be set to any timeframe and length. The difference between this and other EMA indicators is that it has a simple label attached to each EMA showing which timeframe it belongs to and what length it is, so you can get that information at a glance while trading without having to remember the specific settings for each EMA. I was personally looking for something like this because I like clarity on my chart and these labels really help. The existing EMA indicators I found with labels don't support multiple timesframes or if they do, they don't include the timeframe itself in the label, so that's why I created this simple script and shared it in case somebody else is looking for the same. Enjoy.
Pine Script™ indicator
by chipmonk
20
ATR Adaptive EMA [Loxx]ATR adaptive EMA is an exponential moving average with dynamic ATR-adjusted length inputs. What is Average True Range (ATR)? The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.1 The true range is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close. The ATR is then a moving average, generally using 14 days, of the true ranges.
Pine Script™ indicator
by loxx
2