TheSandyBanana
TheSandyBanana is a comprehensive trading indicator designed for various asset classes. It combines multiple technical analysis tools to provide buy and sell signals, aiding traders in making informed decisions. This script is suitable for traders who prefer a combination of trend-following and momentum strategies.
Features:
RSI-Based Signals: Utilizes a modified Relative Strength Index (RSI) with an extended period of 200 bars for smoothing, providing a less reactive but more stable momentum indicator.
RSI EMA: Applies an Exponential Moving Average (EMA) with a 100-bar period to the RSI, further smoothing the RSI and aiding in the identification of longer-term momentum trends.
ATR for Volatility Analysis: Employs the Average True Range (ATR) over a 100-bar period, adjusted with a multiplier of 1. This is used to gauge market volatility and filter signals based on market dynamics.
Peak and Trough Detection: Detects peaks and troughs in the RSI EMA using refined logic and a lookback period of 33 bars, helping in pinpointing potential reversal points.
Dynamic Buy and Sell Signals: Generates buy signals when a trough is identified, and the RSI is below 50, indicating potential upward momentum. Sell signals are generated at peaks when the RSI is above 50, suggesting possible downward momentum.
333-Period EMA: Features a long-term 3333-period EMA, plotted on the chart for trend analysis and potential dynamic support or resistance levels.
Alert Conditions: Includes conditions for buy and sell alerts, making it easier for traders to be notified of potential trading opportunities.
Usage:
This indicator is best suited for traders looking for a blend of trend and momentum analysis. The extended periods used in RSI and EMA calculations make this indicator more suitable for medium to long-term trading strategies. Traders should consider combining this indicator with other forms of analysis (like fundamental analysis or additional technical indicators) for comprehensive trading strategies.
Disclaimer:
Trading involves risk. This script is provided for informational purposes only and should not be considered as financial advice. Traders should always conduct their own due diligence and use the script in a simulated environment before applying it to live trading.
Features:
RSI-Based Signals: Utilizes a modified Relative Strength Index (RSI) with an extended period of 200 bars for smoothing, providing a less reactive but more stable momentum indicator.
RSI EMA: Applies an Exponential Moving Average (EMA) with a 100-bar period to the RSI, further smoothing the RSI and aiding in the identification of longer-term momentum trends.
ATR for Volatility Analysis: Employs the Average True Range (ATR) over a 100-bar period, adjusted with a multiplier of 1. This is used to gauge market volatility and filter signals based on market dynamics.
Peak and Trough Detection: Detects peaks and troughs in the RSI EMA using refined logic and a lookback period of 33 bars, helping in pinpointing potential reversal points.
Dynamic Buy and Sell Signals: Generates buy signals when a trough is identified, and the RSI is below 50, indicating potential upward momentum. Sell signals are generated at peaks when the RSI is above 50, suggesting possible downward momentum.
333-Period EMA: Features a long-term 3333-period EMA, plotted on the chart for trend analysis and potential dynamic support or resistance levels.
Alert Conditions: Includes conditions for buy and sell alerts, making it easier for traders to be notified of potential trading opportunities.
Usage:
This indicator is best suited for traders looking for a blend of trend and momentum analysis. The extended periods used in RSI and EMA calculations make this indicator more suitable for medium to long-term trading strategies. Traders should consider combining this indicator with other forms of analysis (like fundamental analysis or additional technical indicators) for comprehensive trading strategies.
Disclaimer:
Trading involves risk. This script is provided for informational purposes only and should not be considered as financial advice. Traders should always conduct their own due diligence and use the script in a simulated environment before applying it to live trading.
Informacje o Wersji:
TheSandyBanana is a comprehensive trading indicator designed for various asset classes. It combines multiple technical analysis tools to provide buy and sell signals, aiding traders in making informed decisions. This script is suitable for traders who prefer a combination of trend-following and momentum strategies.
Features:
RSI-Based Signals: Utilizes a modified Relative Strength Index (RSI) with an extended period of 200 bars for smoothing, providing a less reactive but more stable momentum indicator.
RSI EMA: Applies an Exponential Moving Average (EMA) with a 100-bar period to the RSI, further smoothing the RSI and aiding in the identification of longer-term momentum trends.
ATR for Volatility Analysis: Employs the Average True Range (ATR) over a 100-bar period, adjusted with a multiplier of 1. This is used to gauge market volatility and filter signals based on market dynamics.
Peak and Trough Detection: Detects peaks and troughs in the RSI EMA using refined logic and a lookback period of 33 bars, helping in pinpointing potential reversal points.
Dynamic Buy and Sell Signals: Generates buy signals when a trough is identified, and the RSI is below 50, indicating potential upward momentum. Sell signals are generated at peaks when the RSI is above 50, suggesting possible downward momentum.
Alert Conditions: Includes conditions for buy and sell alerts, making it easier for traders to be notified of potential trading opportunities.
Usage:
This indicator is best suited for traders looking for a blend of trend and momentum analysis. The extended periods used in RSI and EMA calculations make this indicator more suitable for medium to long-term trading strategies. Traders should consider combining this indicator with other forms of analysis (like fundamental analysis or additional technical indicators) for comprehensive trading strategies.
Disclaimer:
Trading involves risk. This script is provided for informational purposes only and should not be considered as financial advice. Traders should always conduct their own due diligence and use the script in a simulated environment before applying it to live trading.
Features:
RSI-Based Signals: Utilizes a modified Relative Strength Index (RSI) with an extended period of 200 bars for smoothing, providing a less reactive but more stable momentum indicator.
RSI EMA: Applies an Exponential Moving Average (EMA) with a 100-bar period to the RSI, further smoothing the RSI and aiding in the identification of longer-term momentum trends.
ATR for Volatility Analysis: Employs the Average True Range (ATR) over a 100-bar period, adjusted with a multiplier of 1. This is used to gauge market volatility and filter signals based on market dynamics.
Peak and Trough Detection: Detects peaks and troughs in the RSI EMA using refined logic and a lookback period of 33 bars, helping in pinpointing potential reversal points.
Dynamic Buy and Sell Signals: Generates buy signals when a trough is identified, and the RSI is below 50, indicating potential upward momentum. Sell signals are generated at peaks when the RSI is above 50, suggesting possible downward momentum.
Alert Conditions: Includes conditions for buy and sell alerts, making it easier for traders to be notified of potential trading opportunities.
Usage:
This indicator is best suited for traders looking for a blend of trend and momentum analysis. The extended periods used in RSI and EMA calculations make this indicator more suitable for medium to long-term trading strategies. Traders should consider combining this indicator with other forms of analysis (like fundamental analysis or additional technical indicators) for comprehensive trading strategies.
Disclaimer:
Trading involves risk. This script is provided for informational purposes only and should not be considered as financial advice. Traders should always conduct their own due diligence and use the script in a simulated environment before applying it to live trading.
Informacje o Wersji:
New and improved
Informacje o Wersji:
Added backtesting
Informacje o Wersji:
no buys under ema
Informacje o Wersji:
Added checkbox for ema filter
Informacje o Wersji:
Added RSI hard sell
Informacje o Wersji:
Updated default settings
Informacje o Wersji:
fix
Informacje o Wersji:
update
Informacje o Wersji:
update
Informacje o Wersji:
Added reason plotting
Informacje o Wersji:
updated colors
Informacje o Wersji:
Added buy if % rise after sell
Informacje o Wersji:
small update
Informacje o Wersji:
fixed small rsi filter bug
Informacje o Wersji:
bug fix
Informacje o Wersji:
improved peak and valley detection
Informacje o Wersji:
clean up code
Informacje o Wersji:
update
Informacje o Wersji:
cleaned up code
Informacje o Wersji:
update
Informacje o Wersji:
updated sma filter
Informacje o Wersji:
updated defualts
Informacje o Wersji:
updated defaults
Informacje o Wersji:
working on valley detection
Informacje o Wersji:
update
Informacje o Wersji:
update
Informacje o Wersji:
improved sma filter
Informacje o Wersji:
updated filter
Informacje o Wersji:
revert
Informacje o Wersji:
updated order and colors
Informacje o Wersji:
add percent gain to chart indicator
Informacje o Wersji:
updated buy trigger
Informacje o Wersji:
update
Informacje o Wersji:
cleaned up code
Informacje o Wersji:
updated defaults
Informacje o Wersji:
cleaned up code
Informacje o Wersji:
updated backtesting
Informacje o Wersji:
added compound gain reporting
Informacje o Wersji:
cleaned up code
Informacje o Wersji:
moved table to bottom
Informacje o Wersji:
allow decimals for rsi rise and decrease settings
Informacje o Wersji:
Updated reporting for days instead of trades
Informacje o Wersji:
fixed bug
Informacje o Wersji:
bug fix
Informacje o Wersji:
fixed bug
Informacje o Wersji:
added in trading fees a multiplied everything all inputs by 10 to make them easier to manipulate decimals
Informacje o Wersji:
small update
Informacje o Wersji:
update
Informacje o Wersji:
small update
Informacje o Wersji:
small update
Informacje o Wersji:
small update
Informacje o Wersji:
small update to hard sell
Informacje o Wersji:
Added Hard Sell cross type
Informacje o Wersji:
Added different threshholds for uptrends and downtrends