Standard Deviation-Based Fibonacci Band by zdmre This indicator is designed to better understand market dynamics by focusing on standard deviation and the Fibonacci sequence. This indicator includes the following components to assist investors in analyzing price movements:
Weighted Moving Average (WMA) : The indicator creates a central band by utilizing the weighted moving average of standard deviation. WMA provides a more current and accurate representation by giving greater weight to recent prices. This central band offers insights into the general trend of the market, helping to identify potential buying and selling opportunities.
Fibonacci Bands : The Fibonacci bands located above and below the central band illustrate potential support and resistance levels for prices. These bands enable investors to pinpoint areas where the price may exhibit indecisiveness. When prices move within these bands, it may be challenging for investors to discern the market's preferred direction.
Indecisiveness Representation : When prices fluctuate between the Fibonacci bands, they may reflect a state of indecisiveness. This condition is critical for identifying potential reversal points and trend changes. Investors can evaluate these periods of indecisiveness to develop suitable buying and selling strategies.
This indicator is designed to assist investors in better analyzing market trends and supporting their decision-making processes. The integration of standard deviation and the Fibonacci sequence offers a new perspective on understanding market movements.
#DYOR
Weightedmovingaverage
Dynamic Sentiment RSI [UAlgo]The Dynamic Sentiment RSI is a technical analysis tool that combines the classic RSI (Relative Strength Index) concept with dynamic sentiment analysis, offering traders enhanced insights into market conditions. Unlike the traditional RSI, this indicator integrates volume weighting, sentiment factors, and smoothing features to provide a more nuanced view of momentum and potential market reversals. It is designed to assist traders in detecting overbought/oversold conditions, momentum shifts, and to generate potential buy or sell signals using crossover and crossunder techniques. By dynamically adjusting based on sentiment and volume factors, this RSI offers better adaptability to varying market conditions, making it suitable for different trading styles and timeframes.
This tool is particularly helpful for traders who wish to explore not only price movement but also the underlying market sentiment, offering a more comprehensive approach to momentum analysis. The sentiment factor amplifies the RSI's sensitivity to price shifts, making it easier to detect early signals of market reversals or the continuation of a trend.
🔶 Key Features
Dynamic Sentiment Calculation: The indicator incorporates a "Sentiment Factor" that adjusts the RSI length dynamically based on a multiplier, helping traders better understand market sentiment at different time intervals.
Volume Weighting: When enabled, the RSI calculations are weighted by volume, allowing traders to give more importance to price movements with higher trading volume, which may provide more accurate signals.
Smoothing Feature: A customizable smoothing period is applied to the RSI to help filter out noise and make the signal smoother. This feature is particularly useful for traders who prefer to focus on long-term trends while minimizing false signals.
Step Size Customization: A "Step Size" input allows users to round the sentiment RSI to predefined intervals, making the results easier to interpret and act upon. This feature allows you to focus on significant sentiment changes and ignore minor fluctuations.
Crossover/Crossunder Alerts: The indicator includes crossover and crossunder signals on the zero-line, helping traders identify potential buy and sell opportunities as the smoothed RSI crosses these levels.
The indicator offers a clear visual display with multiple color-coded lines and areas:
Sentiment RSI: Plotted as an area chart, color-coded based on sentiment strength.
Raw RSI: A purple line representing the raw adjusted RSI.
Smoothed RSI: A dynamic line, color-coded aqua or orange based on its position relative to the zero line.
Buy/Sell Signals: Triangle shapes are plotted at crossovers and crossunders, providing clear entry and exit points.
🔶 Interpreting the Indicator
Sentiment RSI
-This line represents the sentiment-adjusted RSI, where the higher the value, the stronger the bullish sentiment, and the lower the value, the stronger the bearish sentiment. It is rounded to step intervals, making it easier to detect significant shifts in sentiment.
- A positive sentiment RSI (above 0) suggests bullish market conditions, while a negative sentiment RSI (below 0) suggests bearish conditions.
Smoothed RSI
The smoothed RSI helps reduce noise and shows the trend more clearly.
Crossovers of the zero line are significant:
- Crossover above zero: Indicates that bullish momentum is building, potentially signaling a buying opportunity.
- Crossunder below zero: Signals a shift towards bearish momentum, potentially indicating a sell signal.
Traders should look for these crossovers in conjunction with other signals for more accurate entry/exit points.
Raw RSI (Adjusted)
The raw adjusted RSI offers a less smoothed, more responsive version of the RSI. While it may be noisier, it provides early signals of market reversals and trends.
Crossover/Crossunder Signals
- When the smoothed RSI crosses above the zero line, a "Signal Up" triangle appears, indicating a potential buying opportunity.
- When the smoothed RSI crosses below the zero line, a "Signal Down" triangle appears, signaling a potential sell opportunity.
These signals help traders time their entries and exits by identifying momentum shifts.
Volume Weighting (Optional)
- If volume weighting is enabled, the RSI will give more weight to periods of higher trading volume, making the signals more reliable when the market is highly active.
Strong Up/Down Levels (40/-40)
- These dotted lines represent extreme sentiment levels. When the sentiment RSI reaches 40 or -40, the market may be nearing an overbought or oversold condition, respectively. This could be a signal for traders to prepare for potential reversals or shifts in momentum.
By combining the various components of this indicator, traders can gain a comprehensive view of market sentiment and price action, helping them make more informed trading decisions. The combination of sentiment factors, volume weighting, and smoothing makes this indicator highly flexible and suitable for a variety of trading strategies.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Hybrid EMA AlgoLearner⭕️Innovative trading indicator that utilizes a k-NN-inspired algorithmic approach alongside traditional Exponential Moving Averages (EMAs) for more nuanced analysis. While the algorithm doesn't actually employ machine learning techniques, it mimics the logic of the k-Nearest Neighbors (k-NN) methodology. The script takes into account the closest 'k' distances between a short-term and long-term EMA to create a weighted short-term EMA. This combination of rule-based logic and EMA technicals offers traders a more sophisticated tool for market analysis.
⭕️Foundational EMAs: The script kicks off by generating a 50-period short-term EMA and a 200-period long-term EMA. These EMAs serve a dual purpose: they provide the basic trend-following capability familiar to most traders, akin to the classic EMA 50 and EMA 200, and set the stage for more intricate calculations to follow.
⭕️k-NN Integration: The indicator distinguishes itself by introducing k-NN (k-Nearest Neighbors) logic into the mix. This machine learning technique scans prior market data to find the closest 'neighbors' or distances between the two EMAs. The 'k' closest distances are then picked for further analysis, thus imbuing the indicator with an added layer of data-driven context.
⭕️Algorithmic Weighting: After the k closest distances are identified, they are utilized to compute a weighted EMA. Each of the k closest short-term EMA values is weighted by its associated distance. These weighted values are summed up and normalized by the sum of all chosen distances. The result is a weighted short-term EMA that packs more nuanced information than a simple EMA would.
Volume Change Indicator 0.1 [PATREND]
(Volume Change Indicator)
It is an analytical tool that studies the trading volume and its changes.
This indicator uses the Simple Moving Average (SMA) to calculate the average volume for a specific period of time.
Only candles that meet the required conditions are determined when the trading volume is greater than or equal to the calculated average.
This means that the indicator identifies a volume candle only when there is a significant change in trading volume compared to the average.
This indicator is distinguished from other similar indicators in that it allows the user to determine the required percentage of change as an additional condition for determining the volume candle.
If the conditions are correct, the indicator will display a diamond below the candle that meets the requirements specified by the user.
The indicator also displays lines above and below the candle and places "A" and "B" marks next to them to determine the start and end points.
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(Volume Change Indicator)
It is a useful analytical tool for traders who rely on volume analysis strategies in their trading decisions.
This indicator helps traders identify important volume candles and search for trading opportunities more accurately.
Traders can use this indicator to determine trends and search for potential entry and exit points.
The indicator helps determine when there is a significant change in trading volume compared to the average, indicating a possible change in direction.
In general
This indicator benefits traders who use volume analysis strategies in their trading decisions and who want additional information about trading volume and its changes.
It can also be used for all markets and on different time frames.
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Settings:
1. The user is allowed to determine whether they want to display the indicator through the "Show Indicator" box.
2. The user is allowed to determine the required percentage of change through the "Percent Change" box.
3. The user is allowed to determine the type of candles they want to display (Bearish, Bullish, both) through the "Candle Type" box.
4. The user is allowed to calculate the average candle volume using the "Average Vol" box.
5. The user is allowed to determine the length of lines and number of lines they want to display through "Max Lines" and "Line Length" boxes.
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We hope you find (Volume Change Indicator) useful in your analysis.
Feel free to try this indicator and customize its settings to meet your trading needs.
We look forward to seeing your opinions and comments on this indicator.
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(Volume Change Indicator)
هو أداة تحليلية تعمل على دراسة حجم التداول وتغيراته.
يستخدم هذا المؤشر متوسط الحجم المتحرك (SMA) لحساب متوسط الحجم لفترة زمنية معينة.
يتم تحديد الشموع التي تلبي الشروط المطلوبة فقط عندما يكون حجم التداول أكبر من أو يساوي المتوسط المحسوب.
هذا يعني أن المؤشر يحدد شمعة الكميات فقط عندما يكون هناك تغير كبير في حجم التداول مقارنة بالمتوسط.
يتميز هذا المؤشر عن غيره من موشرات الممثاله بأنه يتيح للمستخدم تحديد النسبة المئوية المطلوبة للتغيير كشرط إضافي لتحديد شمعة الكميات.
إذا كانت الظروف صحيحة، فسيعرض المؤشر ماسًا أسفل الشمعة التي تلبي المتطلبات المحددة من قبل المستخدم.
كما يعرض المؤشر خطوطًا فوق وتحت الشمعة ويضع علامتي "A" و "B" بجانبهما لتحديد نقاط البداية والنهاية.
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(Volume Change Indicator)
هو أداة تحليلية مفيدة للمتداولين الذين يعتمدون على استراتيجيات تحليل الحجم في قراراتهم التداولية.
يساعد هذا المؤشر المتداولين على تحديد شموع الكميات المهمة والبحث عن فرص تداولية بشكل أكثر دقة.
يمكن للمتداولين استخدام هذا المؤشر لتحديد الاتجاهات والبحث عن نقاط الإدخال والخروج المحتملة.
يساعد المؤشر على تحديد متى يكون هناك تغير كبير في حجم التداول مقارنة بالمتوسط، مما يشير إلى احتمالية حدوث تغير في الاتجاه.
In general
يستفيد من هذا المؤشر المتداولون الذين يستخدمون استراتيجيات تحليل الحجم في قراراتهم التداولية والذين يرغبون في الحصول على معلومات إضافية حول حجم التداول وتغيراته.
كما يمكن استخدامة لجميع الاسواق وعلى مختلف الفواصل الزمنية .
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Settings:
1. يُتيح للمستخدم تحديد ما إذا كان يرغب في عرض المؤشر من خلال خانة "Show Indicator".
2. يُتيح للمستخدم تحديد النسبة المئوية المطلوبة للتغير من خلال خانة "Percent Change".
3. يُتيح للمستخدم تحديد نوع الشموع التي يرغب في عرضها (Bearish, Bullish, both) من خلال خانة "Candle Type".
4. يُتيح للمستخدم حساب متوسط حجم الشموع باستخدام خانة "Average Vol".
5. يُتيح للمستخدم تحديد طول الخطوط وعدد الخطوط التي يرغب في عرضها من خلال خانات "Max Lines" و "Line Length".
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نأمل أن تجدواه مفيدًا في تحليلاتكم .
لا تترددوا في تجربة هذا المؤشر وتخصيص إعداداته لتلبية احتياجاتكم التداولية.
نتطلع إلى رؤية آرائكم وتعليقاتكم حول هذا المؤشر.
Weighted 5DMA +The Weighted 5-DMA + is a custom indicator that calculates and plots a 5-day moving average (5DMA) based on a combination of intraday and higher timeframes during regular trading hours. The purpose of this indicator is to provide a comprehensive view of the market trend by considering multiple timeframes and focusing on data from regular trading hours.
Unique Features:
This indicator stands out from traditional moving average indicators due to its ability to incorporate data from various timeframes, creating a more holistic representation of the market trend during regular trading hours. By calculating the 5DMA using both intraday and higher timeframes, the indicator provides a better understanding of market dynamics and a more accurate depiction of the overall trend. This unique approach can help traders identify potential entry and exit points with higher precision.
Features:
Calculates the 5DMA using intraday data for various timeframes (2m, 5m, 10m, 15m, 30m, 1h, 2h, 3h, 4h, 6h, 9h, 12h, 18h) during regular trading hours.
Calculates the 5DMA using a fixed 1m timeframe during regular trading hours.
Computes the weighted average of all the calculated moving averages.
Plots the weighted 5DMA with color-coding based on the trend:
Green: Uptrend (price above the weighted 5DMA)
Blue: Price crossing the weighted 5DMA
Red: Downtrend (price below the weighted 5DMA)
Provides an alert condition for when the price crosses the weighted 5DMA.
How to use:
Look for the color-coded line to determine the current trend during regular trading hours.
Green indicates an uptrend, red indicates a downtrend, and orange suggests that the price is crossing the weighted 5DMA.
Set up alerts for when the price crosses the weighted 5DMA to receive notifications.
Please note that this indicator is best used in conjunction with other technical analysis tools and should not be solely relied upon for making trading decisions.
Disclaimer: This indicator is provided for educational purposes only and should not be considered as financial advice. Trading stocks, cryptocurrencies, forex, commodities, or any other financial instruments carry risk and may not be suitable for everyone. You should carefully consider your investment objectives, level of experience, and risk appetite before making any trading decisions.
Odd_Moving AveragesMulti Moving Average Analysis
A highly customizable indicator to help discover moving averages being used in the market.
📈 Chart up to 15 Moving Averages in the same indicator
⏳ Changeable time frame resolution
Ⅲ Available types - Simple, Weighted, Volume-weighted
≡ Custom and pre configured length sets
🪄 Automatic hiding of moving averages a set % away from last price
🌈 14 selectable color sets for plot lines
🗻 Selectable themed legend of values
-Removes hidden values
-Selectable density of data
⇄ Selectable chart data locations
Trade Pro - Rejection Zone IndicatorThe Rejection Zone Indicator can be used to help trend following traders know when to buy dips in up trends, and when to sell pull backs in down trends.
The Rejection Zone Indicator is made up of the 20 and 50 period Exponential Moving Averages. This indicator has colored shading in between these two EMAs, which acts as a nice visual. When the 20 period Exponential Moving Average is below the 50 period Exponential Moving Average, the shaded cloud will be red, and when the 20 EMA is over the 50 EMA the cloud will be green. It is called the Rejection Zone indicator, because often in trends when price pulls back to the colored cloud, it will act as an area of support or resistance.
The suggested use of the Rejection Zone Indicator is to look for long trades when the cloud is green, and once price has pulled back into the green cloud. If the cloud is red one can look for short trading opportunity when price pulls back into the red cloud.
WMA combined with Barcolor VTRENDThis script centers around a weighted moving average band, to show price action when its in a bull or bear trend.
Included for trend purposes are two volume weighted moving averages, a 99 and 500 length respectively.
Above the weighted moving average band, barcolor is green and below it is red.
We also have key open levels, the daily, weekly, monthly and yearly. The candle colors are different when it closes above or below the daily open, purple for above and maroon for below. I have also have taken the liberty of putting crosses on chart for when this happens too, as to help identify the direction of price action more easily.
I recommend using the 1hr timeframe for most trades, the open and close crosses can be noisy at low timeframes, 15 - 30 minutes is good enough for low timeframe scalping.
Fibonacci RibbonThe Fibonacci Ribbon (FibRib) creates two Fibonacci moving averages: essentially a Fibonacci WMA and a Fibonacci EMA.
The ribbon colors based on which is higher and where PA is relative to the ribbon.
Optional colored candles shades candles the same color as the ribbon.
PJBG - HMA Smoothed VWMA [HMASVWMA]Problem: (1) lag of traditional MA's, (2) lack of Volume data in traditional MA's, and (3) choppiness of traditional MA's.
Solution: apply hull formula tick to tick, simply at a factor of 1:1.
Result: Smooth and fast MA that has volume data baked in it.
Benefit: See trend changes fast, and if it is supported by volume. Pleasant to the eyes.
Explanatory note: hull ma's generally cannot be volume weighted because the volume will spike the line tremendously.
3GBH - Multiple MA'sIncluded in this indicator:
- Fast/Slow EMA's
- Fast/Slow SMA's
- Fast/Slow WMA's
- Fast/Slow HMA's
- Fast/Slow RMA's
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Use of of the type of Moving Averages.
Or use them all.
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User-friendly.
You can change all the inputs, they are labelled for ease-of-use.
You can toggle On/Off any or all of the options.
RedK Slow_Smooth Average (RSS_WMA)RedK Slow Smooth Average (RSS_WMA) is based on simple, multi-WMA passes to generate a moving average that sacrifices low-lag and fast responsiveness for the sake of smoothness.
This smoothness enables an increased trader ability to visualize and track longer-term trends and removes the noise of smaller, relatively insignificant price fluctuations.
Notes:
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* RSS_WMA is deliberately built to be a "lazy line" - and it works in a different way to other common moving averages that attempt to achieve less lag and quicker responsiveness - the idea and the use scenario is to act as a "smooth base" when used against a faster moving average like the v_Wave of the Co_Ra Wave
* Note that the settings of this line is "Smoothness' and not "length" - the initial length used for the first WMA pass calculation is 1/3 of that smoothness value selected in the settings
* Increments in the combined smoothness value will be allocated first to 1st WMA pass, then 2nd WMA pass, then 3rd pass consecutively then back to 1st pass.
* because we utilize 3 WMA passes, a settings below 3 will have no effect on the line and it will just track the "source" price.
Suggested Use:
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- Use RSS_WMA when you're looking for a smooth moving average that can help you analyze you chart at a broader / macro level, visualize the broader price action patterns and filter out the noise from short-term moves. you can also use this line to help set your position exits since only major and persistent moves will cause this line, as lay as it is, to swing from one direction to the other.
How does RSS_WMA compare?
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here's a quick view of how the RSS_WMA compared to other commonly used Moving Averages, including my recently published CoRa_Wave
Code is commented - please feel free to use and customize further - please share a comment if you found this useful in your chart analysis or trading.
VWMA / SMA / TEMA DifferenceThis Study try to simulate Weakening and Strengthening trends on Bear(down) or Bull(up) movements.
It looks to VWMA - TEMA trend for Bull / Bear trend and looking for SMA - VWMA trend for Weak / Strong trends.
On default settings Line shows the difference between VWMA - TEMA and Columns show difference between SMA - VWMA. Suggesting to use this script for 5m intervals.
This is a personal work of mine. Using this script and taking decisions regarding to this script is only and only under responsibility of the trader!!!
MAVC: Moving Averages Combo by Mehmet YildizliMAVC: Moving Averages Combo by Mehmet Yildizli
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You can use this indicator to add more than one moving average on the same chart. At the beginning of the indicator settings, the "Volume For Tillson" parameter is used only when you select the Tillson moving average.
When you check the "Use (high + low + 2 * close) / 4" checkbox, this value is used as the source data to be included in the calculations of all moving averages. When you clear this check box, calculations are made according to the selection you make in the SOURCE section.
You can add 4 moving averages at the same time to the chart.
You can choose a different period and a different calculation method for each moving average.
In this way, you can make a buying / selling decision by considering the relative positions of more than one moving average.
The risks you may be exposed to as a result of your transactions will be entirely at your own risk, as the buy / sell signals you will receive through this indicator will be revealed by your interpretation of the curves that will emerge according to the parameters and calculation methods you choose.
Moving Average Calculation Methods:
1. "S: Simple": Simple Moving Average (SMA)
2. "E: Exponential": Exponential Moving Average (EMA)
3. "DE: Double Exponential": Double Exponential Moving Average (DEMA)
4. "W: Weighted": Weighted Moving Average (WMA)
5. "VIDYA 1: VIDYA via St Dev": Variable Index Dynamic Average - by standard deviation (VIDYA)
6. "VIDYA 2: VIDYA via CMO": Variable Index Dynamic Average - via CMO (VIDYA)
7. "T: Tillson": Tillson - T3
8. "RMA: Running Mov Av": Running Moving Average (RMA)
Hope you will benefit from the indicator.
TÜRKÇE AÇIKLAMA
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MAVC: Moving Averages Combo by Mehmet Yildizli
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Bu indikatör ile birden fazla hareketli ortalamayı aynı grafik üzerine ekleyebilirsiniz. İndikatör ayarlarının başında, "Volume For Tillson" parametresi sadece Tillson hareketli ortalama seçimi yaptığınız zaman kullanılmaktadır.
"Use (high+low+2*close)/4" onay kutusunu onayladığınızda ise, bütün hareketli ortalamaların hesaplamalarına dahil edilecek kaynak veri olarak bu değer kullanılır. Bu onay kutusundaki onayı kaldırdığınızda ise KAYNAK kısmında yapacağınız seçime göre hesaplamalar yapılır.
Aynı anda 4 hareketli ortalamayı grafiğe ekleyebilirsiniz.
Her hareketli ortalama için farklı bir periyot ve farklı bir hesaplama yöntemi seçimi yapabilirsiniz.
Bu şekilde birden fazla hareketli ortalamanın birbirine göre durumlarını dikkate alarak alış/satış kararı verebilirsiniz.
Bu indikatör yoluyla alacağınız alış/satış sinyalleri, tamamen sizin belirleyeceğiniz parametre ve seçtiğiniz hesaplama yöntemlerine göre ortaya çıkacak eğrilerin sizin tarafınızdan yorumlanarak ortaya çıkacağı için işlemleriniz sonucunda maruz kalabileceğiniz riskler tamamen size ait olacaktır.
Hareketli Ortalama Hesaplama Yöntemleri:
1. "S:Simple" : Basit Hareketli Ortalama (SMA)
2. "E:Exponential" :Üstel Hareketli Ortalama (EMA)
3. "DE:Double Exponential": İkili Üstel Hareketli Ortalama (DEMA)
4. "W:Weighted": Ağırlıklı Hareketli Ortalama (WMA)
5. "VIDYA 1: VIDYA via St Dev": Değişken Hareketli Ortalama - standart sapma yoluyla (VIDYA)
6. "VIDYA 2: VIDYA via CMO": Değişken Hareketli Ortalama - CMO yoluyla (VIDYA)
7. "T:Tillson": Tillson - T3
8. "RMA:Running Mov Av": Running Moving Average (RMA)
İndikatörden faydalanmanız dileğiyle.
HILEGA_MILEGAHilega Milega is origanal Idea given by Nitish Kumar sir, I just coded it.
It uses RSI on which WMA and EMA plotted.
Values Used :
RSI = 9
WMA = 21
EMA = 3
End Point Moving Average [CC]The End Point Moving Average was created by Patrick E. Lafferty (Stocks & Commodities V13 (413-417)) and it is essentially a variation of the weighted moving average but the weight system is different. Feel free to change the offset and length amounts to adjust to your needs but I'm using the default amounts in my script. This hugs the price very closely and I think you will enjoy this script as much as I had making it. As always buy when the indicator line is green and sell when it is red!
Let me know if you would like me to publish other scripts or if you want something custom done!
Note: I'm republishing this because the original script couldn't be found in searches so this will fix that.
TS - Trend Moving AveragesOverview
Simple trend indentification indicator based on a mix of SMA & WMA components.
Default settings built for the 1D chart with an optional 3rd fast MA that can be toggled.
Can be used alongside more advanced Tradespot indicators
Access
PM me, our indicators come as a wider package.
Cubed Weighted Moving AverageThis is another indicator that I have created that is my favorite script yet for a weighted moving average. This indicator is very similiar to a classic weighted moving average but in this version I'm cubing the weights. It hugs the price very closely as you can see and of course buy when the indicator line is green and sell when it is red.
Let me know if you would like me to publish other scripts or if you want something custom done!
Variable Power Weighted Moving AverageThe Variable Power Weighted Moving Average was created by RedKTrader so make sure you follow them! This is a very handy indicator where you can change the weights of the weighted moving average yourself!
For an easy guide here are common values to use to convert this indicator into other indicators:
Power = 0 = Simple Moving Average
Power = 0.5 = Square Root Weighted Moving Average
Power = 1 = Weighted Moving Average
Power = 2 = Squared Weighted Moving Average
Try it out and let me know what you think!
Let me know if you have other ideas for me or if you want something custom done!
Optimal Weighted Moving AverageThe Optimal Weighted Moving Average was created by Thomas Hutchinson and Peter G. Zhang, Ph.D. (Stocks & Commodities V. 11:12 (500-505)) and it is very similar to a classic weighted moving average but it uses the correlation between the input and the optimal weighted moving average output to use as the weights. Buy when the line turns green and sell when it turns red.
Let me know if you would like to see me publish any other scripts or if you want something custom done!
Squared Weighted Moving AverageThe Squared Weighted Moving Average is similar to the classic Weighted Moving Average but the difference is that it squares the weights instead of the classic weight values. Buy if the indicator line is green and sell when it goes red.
Let me know if you would like to see any more scripts from me or if you want something custom done!
Square Root Weighted Moving AverageThe Square Root Weighted Moving Average is similar to the classic Weighted Moving Average but the difference is that it uses the square root of the weights instead of the classic weight values. Buy if the indicator line is green and sell when it goes red.
Let me know if you would like to see any more scripts from me or if you want something custom done!
The V_Wave: Volatility Adaptive Moving AverageThis is work in progress - but i wanted to see if there's interest to use or test it - or if someone finds it useful. there's already a crowd of great moving averages out there :)
This is a different type of zero-lag weighted moving average - and it's a concept that i have been working on for a while now. Given that this is WIP, i decided to keep the code protected for now.
The idea is to create a moving average that responds faster to the changes in the underlying data - which is the case with other zero-lag moving averages - but in this case, i also wanted to make it adaptive, so it accelerate when the volatility increases and at the same time, maintain limited lag and reasonable smoothing, even at longer length.
How Does it Compare to other MA's
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in the chart, we can see a comparison between the V_Wave (thick yellow line) and the 3 common MAs, Hull Moving Average (HMA, aqua), a Weighted Moving Average (WMA, brown) and an Exponential Moving Average (EMA, grey)
the most important advantage in V_Wave, is because of the way the algorithm works, and that it maintains direct association with the underlying data and the given length, the V_Wave will have less overshoot when compared to other moving averages - i.e, it stays closer to the underlying data points at times of quick reversals or big changes - like the V reversal on the right of the chart. You can also test it against other MAs you may be already using and share your findings back with me.
settings:
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- the settings provide the ability to choose the source data (close vs hl2, ..etc), the length, and the ability to adjust the "aggressiveness" of the line (Accelerator) ..
- this accelerator is the factor that tells the V_Wave how fast to respond to the volatility changes. when you increase the accelerator, the V_Wave is more aggressive, and will respond faster to changes in volatility -- it becomes more responsive to changes in the trend, but that will sacrifice the smoothness of the line.
- i capped this value to 7, because beyond that, the accelerator will have a diminished effect.
- Also note that due to association with volatility, the V_Wave will behave differently at lower time frames -- and becomes closer to an EMA but better (in responsiveness) than a WMA.
- the smoothing is built-in for now, and will adjust based on the length, in a way similar to how HMA smoothing works (see my previous post on Evolving the Zero Lag MA for details on that) - in future versions, i may make it a manual entry or a selection between manual/automatic
Usage:
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Use the V_Wave as you use other moving averages - once you get to know how it behaves and adapts to underlying data changes.
you can use it as a filter to generate signals once it crosses other MAs, or another V_Wave of a different length / acceleration.
will be great if you share your test results and your use cases to help me improve how the V_Wave works.
best of luck!
