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Exponential Moving Average (EMA)

HYE Mean Reversion VWAP [Strategy]An RSI filtered version of PJ Sutherland's Jaws Mean Reversion algorithm using volume weighted average price (VWAP) instead of simple moving average (SMA). "Long" on the close when; 1-) 2 period VWAP closes 3% or more below the 5 period VWAP , 2-) 5 period exponential average of the 2 period RSI is below 30. "Exit Long" on the close when; 1-) 2 period VWAP closes above the 5 period VWAP. "Short" on the close when; 1-) 2 period VWAP closes 3% or more above the 5 period VWAP , 2-) 5 period exponential average of the 2 period RSI is above 70. "Exit Short" on the close when; 1-) 2 period VWAP closes below the 5 period VWAP. *** You can change the needed percentage for long and short trades, periods of VWAPs and RSI levels. *** You can select the trend direction: "Long Only" , "Short Only" or "Both". Default is "Long Only". I used the "VWAP with period" indicator code of @neolao. Special thanks to @neolao. Indicator Link:
Pine Script™ strategy
by HYE0619
HYE Mean Reversion SMA [Strategy]An RSI filtered version of PJ Sutherland's Jaws Mean Reversion algorithm. "Long" on the close when; 1-) 2 period simple moving average closes 3% or more below the 5 period simple moving average, 2-) 5 period exponential average of the 2 period RSI is below 30. "Exit Long" on the close when; 1-) 2 period simple moving average closes above the 5 period moving average. "Short" on the close when; 1-) 2 period simple moving average closes 3% or more above the 5 period simple moving average, 2-) 5 period exponential average of the 2 period RSI is above 70. "Exit Short" on the close when; 1-) 2 period simple moving average closes below the 5 period moving average. *** You can change the needed percentage for long and short trades, periods of simple moving averages and RSI levels. *** You can select the trend direction: "Long Only" , "Short Only" or "Both". Default is "Long Only".
Pine Script™ strategy
by HYE0619
Market Swiss KnifeSimple script, helpful to analyse the current conditions of the market and make your own decisions. It's not a signal indicator * Shows an EMA to help you identify the trend * Uses the ATR to plot two lines below (current low + ATR) and above (current high - ATR) the current candle. Useful to see whether the market is overextended or find possible targets * Plots a vertical line showing NY, Tokyo and London session opens * Includes a position size calculator to calculate your desired lot size (works in forex and gold)
Pine Script™ indicator
by devnpips
1
RSI band with Signal alert//th/en //th สวัสดีครับท่านสมาชิก ก่อนอื่นต้องขอเกริ่นก่อนเลยว่า Indicator ตัวนี้ถูกสร้างขึ้นมาบนพื้นฐานของ RSI จริง เพียงแต่ใช้ค่า EMA27 ในการสร้าง เนื่องจากผมยังไม่สามารถเขียน RSI band ที่โยงกับราคาได้ในส่วนนี้เองได้ แต่ทั้งนี้ขอให้ท่านใจเย็น ๆ และฟังผมสักหน่อย เนื่องจากก่อนหน้านี้ผมได้สังเกตเห็นว่า EMA27 นั้นมีค่าเท่ากับ RSI14 ที่ค่า 50 พอดี ดังนั้นผมจึงเลือกที่จะสร้างมันขึ้นมาด้วย EMA27 เพราะง่ายต่อการเขียน วิธีการใช้งานมีดังต่อไปนี้ Indicator ตัวนี้ใช้งานเหมือน RSI14 วิธีการอ่านคือให้นับเส้น EMA27 เป็นค่า 50 ของ RSI14 ดังนั้นให้เราพิจารณาการซื้อขายดังต่อไปนี้ (โดยหลังจากนี้ผมจะเรียก EMA27 ที่สร้างขึ้นว่า RSI band) พิจารณาเข้าซื้อ : เมื่อราคาทะลุ RSI band ขึ้นไปและย่อตัวทำ Higher Low เหนือเส้น RSI band พิจารณาขายออก : เมื่อราคาทะลุ RSI band ลงมาและรีบาวน์ทำ Lower High ใต้เส้น RSI band # ทั้งนี้ผมได้ทำสีแท่งเทียนไว้เพื่อให้ง่ายต่อการสังเกต โดยการนำไปใช้อาจนำสีของเส้นขอบแท่งเทียนออก แล้วในส่วนของไส้แท่งเทียนให้ใช้สีที่ไม่เจาะจงราคาบวกลบอย่างสี #434651 โดยเราสามารถดู Divergence โดยการเทียบความต่างระหว่างราคาและ RSI band ได้ดังนี้ ในแนวโน้มขาลง : ให้เปรียบเทียบความต่างระหว่างราคากับ RSI band ของ Lower Low ปัจจุบันกับ Low ก่อนหน้า โดยถ้าความต่างของ Low ลดลงเรื่อย ๆ จนราคาเข้าใกล้เส้น RSI band ให้พิจารณาเข้าซื้อ ในแนวโน้มขาขึ้น : ให้เปรียบเทียบความต่างระหว่างราคากับ RSI band ของ Higher High ปัจจุบันกับ High ก่อนหน้า โดยถ้าความต่างของ High ดลงเรื่อย ๆ จนราคาเข้าใกล้เส้น RSI band ให้พิจารณาขายออก ทั้งนี้ผมได้สร้าง Signal alert ไว้เพื่อให้ง่ายต่อการสังเกต โดยสร้างมาจากเงื่อนไขดังนี้ (ห้ามทำการซื้อขายตาม Signal alert เด็ดขาด เพราะเค้าแค่บอกจุดตามเงื่อนไขที่ตั้งไว้ บางทีอาจมีสัญญาณซื้อแล้วให้ซื้อต่อโดยไม่มีสัญญาณขายเลยก็ได้) Buy : เมื่อ RSI14 ตัดขึ้นที่ค่า 50 พร้อมกับ RSI14 ตัดขึ้น Signal ที่ผมตั้งไว้ (ผมใช้ EMA7 ของ RSI14) Prepare to Sell : เมื่อ RSI14 ตัดลง Signal ในขณะที่ RSI14 นั้น มีค่ามากกว่า 70 Sell/Short Top : เมื่อ RSI14 ตัดลงที่ค่า 70 พร้อมกับ RSI14 ตัดลง Signal (จะมีขึ้นแสดงว่า Peak ในกราฟ) Buy : เมื่อ RSI14 ตัดลงที่ค่า 50 พร้อมกับ RSI14 ตัดลง Signal Prepare to Buy : เมื่อ RSI14 ตัดขึ้น Signal ในขณะที่ RSI14 นั้น มีค่าน้อยกว่า 30 TP Short/Buy Bottom : เมื่อ RSI14 ตัดขึ้นที่ค่า 30 พร้อมกับ RSI14 ตัดขึ้น Signal (จะมีขึ้นแสดงว่า Deep ในกราฟ) # สาเหตุที่ใส่ข้อความใน Signal alert เพียงแค่ตอน Sell/Short Top และ TP Short/Buy Bottom เพื่อลดโอกาสเกิดการแพนิคที่เกิดจากการสังเกตได้ โดยในสัญญาณตัวอื่นจะมีแค่เครื่องหมาย * เพียงอย่างเดียว ขอให้โชคดีครับ Firstssk //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// //en (Google Translate) Hello, Trader First of all, I have to say that this indicator is built on the basis of a real RSI, just using the EMA27 value to create it, since I still can't write an RSI band that is tied to the price in this section. But please be patient and listen to me a bit. Since I previously noticed that EMA27 is exactly equal to RSI14 at 50, so I chose to build it with EMA27 because it's easier to write. Here's how to use it: This indicator works like RSI14. The reading method is to count the EMA27 line as the 50 value of RSI14, so let's consider the following trading. (After this I will call the created EMA27 RSI band) Consider buying : When the price breaks the RSI band up and makes a Higher low above the RSI band. Consider selling : When the price breaks the RSI band down and rebounds to make a Lower high below the RSI band. # However, I have colored the candlesticks to make them easier to spot. By applying it may remove the color of the candlestick border. Then for the wick part, use a color that does not specify the price plus and minus color #434651 We can see the divergence by comparing the difference between the price and the RSI band as follows. In a downtrend : Compare the difference between the price and the RSI band of the current Lower Low and the previous Low. If the divergence of the Low continues to decrease until the price approaches the RSI band, consider buying. In an uptrend : Compare the price difference between the RSI band of the current Higher High and the previous high. If the divergence of the High continues to decrease until the price approaches the RSI band, consider selling. I have created a Signal alert for easy observation. It was created from the following conditions: (Do not trade according to Signal alert strictly because they just tell the point according to the conditions set There may be a buy signal and then buy again without a sell signal.) Buy : When RSI14 crosses above 50 with RSI14 crosses up the signal I set (I use EMA7 of RSI14). Prepare to Sell : When RSI14 crosses signal while RSI14 is greater than 70. Sell/Short Top : When RSI14 crosses down at 70 with RSI14 crosses down Signal (it will show "Peak" on the chart) Buy : When RSI14 crosses down to 50 with RSI14 crosses down signal. Prepare to Buy : When RSI14 crosses signal while RSI14 is less than 30. TP Short/Buy Bottom : When RSI14 crosses above 30 with RSI14 crosses up signal (it will show "Deep" in the chart). # The reason why I put the message in Signal alert only at Sell/Short Top and TP Short/Buy Bottom to reduce the chance of panic occurring from observation. In other signals, there will only be a * sign. Good luck. Firstssk
Pine Script™ indicator
by Firstssk
12
RSI + Support/Resistance Zones + EMAThis indicator enhances the RSI with support and resistance zones and an EMA. RSI: a regular RSI (default: orange / 14 period) EMA: an EMA on the RSI (default: light gray / 10 period) RSI support/resistance zones SR-Zones for bull markets: In a bull market the price tends to find resistance between 80 and 90 and support between 40 and 50 RSI. SR-Zones for bear markets: In a bear market the price tends to find resistance between 55 and 65 and support between 20 and 30 RSI. The concept of these support and resistance zones has been popularized by Constance Brown in her book Technical Analysis for the Trading Professional . The SR zones are described in the first chapter which is available in the preview section on Amazon. RSI-EMA The EMA on the RSI can also be used as support and resistance. For example, you can be use it for a simple strategy such as the following: In an uptrend after a significant correction during which the RSI has been below the EMA for some time, wait for the RSI to cross above the EMA to go long and exit (partially) after the RSI crossed down the EMA. Hint: All visual elements (RSI, EMA, support zones) can be enabled/disabled and adjusted individually.
Pine Script™ indicator
by HodlerReloaded
6
PMA Strategy IdeaThis strategy idea uses three EMAs on HLC/3 data, know as PMA(Pivot Moving Average). This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in QuantCT app. The study version of this idea is published in public library as ACD PMA . You can set operation mode to be Long/Short or long-only. You also can set a fixed stop-loss or ignore it so that the strategy act solely based on entry and exit signals. Trade Idea When all EMAs are rising, market is considered rising (bullish) and the plotted indicator becomes green. When all EMAs are falling, market is considered falling (bearish) and the plotted indicator becomes red. Otherwise, market is considered ranging and the plotted indicator becomes orange. Entry/Exit rules Enter LONG if all EMAs are rising (i.e. when the plotted indicator becomes green). Enter SHORT if all EMAs are falling (i.e. when the plotted indicator becomes red). EXIT market if none of the above (i.e. when the plotted indicator becomes orange). CAUTION It's just a bare trading idea - a profitable one. However, you can enhance this idea and turn it into a full trading strategy with enhanced risk/money management and optimizing it, and you ABSOLUTELY should do this! DON'T insist on using Long/Short mode on all instruments! This strategy performs much better in Long-Only mode on many (NOT All) trending instruments (Like BTC , ETH, etc.).
Pine Script™ strategy
by QuantCT
{Gunzo} Heiken Ashi RibbonsHeiken Ashi Ribbons is a trend-following indicator which gives entry and exit points for short-term, medium-term and long term trading (using Exponential Moving Averages and Heiken Ashi formulas). OVERVIEW : The Heiken Ashi Ribbons indicator is composed of 3 moving average ribbons (slow, normal and fast) that are computed using the Heiken Ashi formulas. The 3 ribbons give a clear vision of the current trend as they use moving averages that smooth out the price and filter noise from short term fluctuations. In a simplified way, you can consider each ribbon as a moving average with a larger body size. If the price is above the slow ribbon, we consider the asset as trending up in the short term (trending down otherwise). If the price is above the fast ribbon, we consider the asset as trending up in the long term (trending down otherwise). CALCULATION : First of all, to compute a ribbon for this indicator we calculate a moving average (EMA by default) for common sources (OHLC) : EMA (open), EMA (high), EMA (low), EMA (close) We then apply the Heiken Ashi formulas to the moving averages calculated previously. HA (open) = HA (open) previous + HA (close) previous HA (close) = ( EMA (open) + EMA (high) + EMA (low) + EMA (close) ) / 4 HA (high) = max( EMA (open), EMA (close), EMA (high) ) HA (low) = min ( EMA (open), EMA (close), EMA (low) ) The ribbon displayed (by default) on the chart is the area between HA (open) and HA (close). SETTINGS : 1st Moving average length : Length of the slow moving average 2nd Moving average length : Length of the normal moving average 3rd Moving average length : Length of the fast moving average Moving average method : Moving average calculation method (EMA : Exponential Moving Average, SMA : Simple Moving Average, WMA : Weighted Moving Average) Ribbon type : standard ribbon uses the area between HA (open) and HA (close). Large ribbon uses the area between HA (low) and HA (high) Display ribbon as candles : change the type of visualization between area and candles Display short term buy/sell signals : Display short term buy/sell signals (crosses) when the fast moving average and normal moving average are crossing Display long term buy/sell signals : Display long buy/sell signals (circles) when the fast moving average and slow moving average are crossing Display ribbon trending up signals : Display ribbon direction change (triangle up) when the trend of the ribbon changes to trending up Display ribbon trending down signals : Display ribbon direction change (triangle down) when the trend of the ribbon changes to trending down VISUALIZATIONS : This indicator has 2 possible visualizations : Ribbons : the ribbons can be considered as enhanced moving averages for trading purposes. They represent the area between the Heiken Ashi of the moving average of the open and closing price. The color of the moving average line is green when the ribbon is trending up and red when the ribbon is trending down. Signals : Various signals can be displayed at the bottom of the chart (Buy/Sell signals, Ribbon direction changes signals). USAGE : This indicator can be used in many strategies, just like when you are using multiple moving averages. You should test these strategies and use the one that best fits your trading style. Strategy based on crossovers : When the fast ribbon crosses above the normal ribbon, it is a short term buy signal (it is recommended to wait for a confirmation) When the fast ribbon crosses under the normal ribbon, it is a short term sell signal (it is recommended to wait for a confirmation) When the fast ribbon crosses above the slow ribbon, it is a long term buy signal When the fast ribbon crosses over the slow ribbon, it is a long term buy signal Strategy based on price position : When the prices closes above the ribbon, it is a buy signal (long term if above slow ribbon, short term if above fast ribbon) When the prices closes below the ribbon, it is a sell signal (long term if below slow ribbon, short term if below fast ribbon) Strategy based on price bouncing : When the price decreases and reaches the green long term ribbon, the price candles may not be able to cross the ribbon. If the price increases, we consider that move as a bounce on the ribbon, which is a buy signal When the price increases and reaches a red long term ribbon, the price candles may not be able to cross the ribbon. If the price decreases, we consider that move as a bounce on the ribbon, which is a sell signal Strategy based on ribbon direction : When the direction of the ribbon changes, the trend of the asset is changing which may lead to a crossover to the next candles if the trend is continuing in that direction (it is recommended to validate the entry points with a second indicator as this strategy may have some false signals).
Pine Script™ indicator
by Gunzo_TV
3
Tipsy EMA Tipsy EMA v0.2a Coded by vaidab. A simple strategy to buy dips in an uptrend. How to use: - buy on trend when price retraces to the orange "buy" line and compound orders - sell when price reaches red line (stop loss) or at 💰 (take profit) Note that you can reverse trade on the 💰 sign for a short scalp / day trade. Uptrend: green/red background. Danger zone: orange bg. No go zone: no bg. Potential buys (in a clear trend): 55, 100, 200 EMA touches and fibo retracements to .382 and .618. Potential stop loss: when price breaks the 200 EMA (marked by a red line). Exit signs: opposite trend divergences (RSI). Take profit: EMA 55 crossing down EMA 100. Use it in confluence with market structure. E.g. If 200 EMA ligns up with past market structure, if there are whole numbers or if there's a monthly level. Tested BTCUSDT D, 4H
Pine Script™ indicator
by vaidab
2
Barholle eMA and RSI Movement TestThis is a test that offers insight into whether and asset is heading into bullish or bearish territory. This indicator/test offers insight into the Exponential Moving Average's velocity and acceleration as well as the Stochastic RSI's velocity, acceleration and jerk. Included is a 'Stochastic Difference' and 'Stochastic Growth' indicators (commented out) that measure the difference between K and D in the Stoch RSI as well as the rate of it's change. This test is all about crossovers - the best leading indicator is a downward cross of the eMA velocity over the eMA acceleration, indicating a drop in price in the current or next bar. The lines or importance have been set to -2 and 5, but these should be adjusted to suit your preferences. These numbers were chosen in order to try and create some kind of threshold after which action might be suggested. Backtesting is highly recommended so you can see how the test does and does not work. It is super powerful, but it is not omniscient - its an RSI and eMA derivative, past success does not necessarily dictate future success. Please look at the code for several more plots you can use of derivatives and other ideas explore but commented out for greater legibility of the graph. Commenting and commenting (or uncommenting all and just disabling some in the settings) and comparing the graphs and crossovers is a useful exercise. To that end, one last concept - the MARSI - a combined moving averages and RSI measurement - was abandoned because it didn't appear to indicate anything of use, however you may find crossovers or patterns with it comparing it to other graphs, so it was left in but commented. Please take a look at the comments and all the math and indicators 'left on the cutting room floor' in the script. Maybe you'll find a gem in the redux version of this script. Outreach regarding the script, patterns noticed and full-on stealing of the script are all permitted. Many elements of this script were nabbed from other scripts - thank you to a community of coders who put it all out there.
Pine Script™ indicator
by BigSwifty
2
[francrypto® strategy] 4 EMAs, P.SAR & Vol.Prof. (by kv4coins)(ENG) This script consists of my own strategy for cryptocurrency (but can be adapted very well for stocks, forex, etc.) Is a combination of: - Four Exponentials Moving Average (EMA), configurables: by defect are 10, 21, 55 and 200 periods in yellow, aqua, orange and blue each of them - Parabolic SAR System (PSAR), configurable - Volume Profile (that has been developed by kv4coins - he has already authorized me to use it under the same OSS Licence Terms: MPL 2.0), configurable: with another default values and bilingual support for Spanish (SPA) How it works 1) It is always better to detect specifics candlesticks or patrons: doji , pinbar or inverted pinbar , engulfing bars , morning star or evening star , harami , twizzer bottom or top , etc. 2) The 10 and 21 periods EMA help to identify the short-term behavior 3) The 55 periods EMA can be used like a support or resistance in medium-term, as 200 periods EMA in very long-term 4) It will convenient search for a double cross (10 & 21) or a triple cross (10, 21 & 55) to determine the medium-term change Downtrend to UpTrend (or viceversa) 5) Confirm the change patron with the Parabolic SAR and then identify potencials purchases or sales 6) Use Volume profile to detect potential supports or resistances areas, in order to set stop limit/loss and take profit orders. Hope this helps! Cheers, FRANCRYPTO® –––––– 0 –––––– (ESP) Este script consiste en mi propia estrategia para criptomonedas (pero puede adaptarse muy bien para acciones, forex, etc.) Es la combinación de: 1) Cuatro Medias Móviles Exponenciales (EMA), configurables: por defecto son de 10, 21, 55 y 200 períodos en amarillo, turquesa, naranja y azul cada una de ellas 2) Sistema Parabolic SAR (PSAR), configurable 3) Perfil de Volumen (que fuera desarrollado por kv4coins - que ya me ha autorizado a su uso bajo las mismas condiciones de la Licencia OSS: MPL 2.0), configurable: con otros valores por defecto y soporte bilingüe para Español (SPA) Cómo funciona 1) Siempre va a resultar mejor detectar velas japonesas específicas o patrones: doji , martillos o martillos invertidos , velas envolventes , patrón amanecer o atardecer , harami , velas gemelas , etcétera 2) La EMA de 10 y 21 períodos ayudan a identificar el comportamiento de corto plazo 3) La EMA de 55 períodos puede ser usada como un soporte o resistencia de mediano plazo, como así también, la EMA de 200 períodos en el muy largo plazo 4) Será conveniente buscar un doble cruce (10 & 21) o un triple cruce (10, 21 & 55) para determinar un cambio de la tendencia de mediano plazo de bajista hacia alcista (o viceversa) 5) Confirmá el patrón de cambio con la Parabólica de SAR y entonces identificá potenciales compras o ventas 6) Usá el perfil de volumen para detectar las potenciales zonas de soporte o resistencia, principalmente para establecer ordenes stop limit/loss o take profit. ¡Espero que pueda serles de utilidad! Saludos, FRANCRYPTO®
Pine Script™ indicator
by francrypto_
40
RSI Over EMA (Range Lines)This is another version of the RSI over EMA Trend Sniper script that I released here: This one gives you better control across pairs wither higher volatility with the extra lines and more alert possibilities. Here are the useful Alert functions within this indicator: LONGS: -Aqua line (RSI Line) - Crossing UP (Long Alert) on the Lower Green line -Aqua line (RSI Line) - Crossing UP (Long Alert) on the Upper Green line -Aqua line (RSI Line) - Crossing UP (Long Alert) on the Lower Amber line -Aqua line (RSI Line) - Crossing UP (Long Alert) on the Upper Amber line -Aqua line (RSI Line) - Crossing UP (Long Alert) on the Lower Red line -Aqua line (RSI Line) - Crossing UP (Long Alert) on the Upper Red line SHORTS: -Aqua line (RSI Line) - Crossing DOWN (Short Alert) on the Lower Green line -Aqua line (RSI Line) - Crossing DOWN (Short Alert) on the Upper Green line -Aqua line (RSI Line) - Crossing DOWN (Short Alert) on the Lower Amber line -Aqua line (RSI Line) - Crossing DOWN (Short Alert) on the Upper Amber line -Aqua line (RSI Line) - Crossing DOWN (Short Alert) on the Lower Red line -Aqua line (RSI Line) - Crossing DOWN (Short Alert) on the Upper Red line You can setup alerts for the Aqua line (RSI Line) 'crossing up' (Long Alert) or 'crossing down' (Short Alert) on any of the colored EMA lines. By default the lines are spread out at 10/20/30 and that should cover high volatility charts. But, this is customizable and you can reduce the size of Green/Amber/Red lines to try and get a better more focused setup for whichever coin you are trading on. I have found this version of the RSI over EMA to work better with alt coins that are generally more volatile, but using it on Bitcoin works too. I am using this for Cryptocurrency alerts, but not for automation to enter or exit a trade. It's important to only use this on normal candles, and only use it as a confirmation of a possible good entry or exit.
Pine Script™ indicator
by countseven12
Crypto EMA Trend Reversal StrategyThis is an EMA crossover strategy which involves 5 EMAs to trigger trades. The strategy has two take profit settings and uses a stop loss. TP1 and SL are based on ATR and TP2 is an EMA crossover. The strategy goes both long and short and the default settings work particularly well as a scalping strategy for ETHUSDT on the 5M time frame. I have also created another version with tweaked settings for scalping LINKUSDT on the 5M with very similar results. There is an option to add a volume condition parameter within the script on lines 26-28 which can be added to the end of lines 34-35 in the following format: and vol_cond I personally don't currently use the volume condition parameter.
Pine Script™ strategy
by ADHDCRYPT0
2
EMA based ATR Stops-If the FAST EMA is ABOVE the SLOW EMA then the ATR Stops will be placed x amount BELOW the lows -If the FAST EMA is BELOW the SLOW EMA , then the ATR Stops will be placed x amount ABOVE the highs -If the fast ema is above the slow ema but they are sloping down, their colours will turn to a shade of blue -If the fast ema is below the slow ema but they are sloping up, their colours will turn to a lighter shade of blue -I added an extra ema but it is off by default TAYOR!
Pine Script™ indicator
by FeelVee106
Awesome Heikin Ashi [Morty]This indicator uses Heikin Ashi candles and two EMAs to help you follow the trend and enter the trade. Heikin Ashi candles help to smooth the price and EMAs are used to detect trend. The default parameter of EMA is EMA10 and EMA20. You can use it at any timeframe. You should always adjust the EMA length according to different timeframes. Features: - Highlight background based on two EMAs - Adjustable EMA length - Adjustable Label size - Show entry and exit signal labels - Show stoploss price - You can choose Long only or Short only or both signals - Alert functions for notification NOTE: If you use this signal to enter a trade, make sure the candle is close and enter in the next candle.
Pine Script™ indicator
by M0rty
16
[Sidders] MACDEMASAR IndicatorCame across a cool idea for a strategy that couldn't find in the indicator database, so decided to code it up myself for your pleasure. Indicators consists of 3 indicators: EMA(200) to determine the overall trend, and the MACD & Parabolic SAR to determine entries (and exits). Long entry contains 4 conditions and is generated when price is above the 200EMA (1), the MACD crosses above the signal line (2), while they are both below 0 line (3) and when the parabolic SAR is below the closing price of the bar (4). Short entry is build up the same but in reverse: price is below the 200EMA(1), signal line crosses below the MACD line (2), while they are both above the 0 line (3) and when the parabolic SAR is above the closing price of the bar (4). Place the stoploss on the parabolic SAR dot below/above the candle that created the signal. Profit target 1:1 risk:reward ratio, but can ofcourse be changed according to your risk apetite. Might add automatically drawn SL/TPs in a later update. Concept behind the strategy should work on all timeframes, but will require proper backtesting. I think with additional filters the strategy can also be way more finetuned and profitable, personally haven't had the time yet to dive into that. Have also added alerts for your convenience. Enjoy!
Pine Script™ indicator
by Sidders
4