Simple Macd Momentum Reversal IndicatorThis Simple indicator uses the MACD history to check trend reversals. It primarily check if the histogram has moved up from a downtrend above a certain margin. If it has, it places a green B on the chart. If you were to use/improve this indicator, please use it with other indicators to confirm your position. This is NOT an indicator that can be well used alone.
Oscylatory skupione
MTF CCI using EMAsThis is a CCI script adapted from 'CCI w EMA by Rick3712' which removes the EMA of the CCI and adds different sized CCI results to the same plot. An info box is also added for easy reference of current values.
CCI is a useful way to see the price's relation to moving averages in a different way, and being able to see the trend strength over time using the larger CCI allows a trader to make better informed decisions when reaching oversold or overbought conditions in relation to the shorter EMAs, such as the 20. You can also see patterns in a trend's strength easier by comparing the movements and levels to find likely areas of a pullback or buying opportunity.
In the example you can see a common level in ETH's parabolic movement on the 4h 750 EMA and 200 EMA that indicates a likely correction area.
Color Gradient Framework [PineCoders]█ OVERVIEW
This indicator shows how you can use the new color functions in Pine to generate color gradients. We provide functions that will help Pine coders generate gradients for multiple use cases using base colors for bull and bear states.
█ CONCEPTS
For coders interested in maximizing the use of color in their scripts, TradingView has added new color functions and new functionality to existing functions. For us coders, this translates in the ability to generate colors on the fly and use dynamic colors ("series color") in more places.
New functions allow us to:
• Generate colors dynamically from calculated RGBA components ("A" is the Alpha channel, known to Pine coders as the "transparency"). See color.rgb() .
• Extract RGBA components from existing colors. See color.r() , color.g() , color.b() and color.t() .
• Generate linear gradients between two colors. See color.from_gradient() .
Improvements to existing color/plotting functions allow more flexible use of color:
• plotcandle() now accepts a "series color" argument for its `wickcolor` and `bordercolor` parameters.
• plotarrow() now accepts a "series color" argument for its `colorup` and `colordown` parameters.
Gradients are not only useful to make script visuals prettier; they can be used to pack more information in your displays. Our gradient #4 goes overboard with the concept by using a different gradient for the source line, its fill, and the background.
█ OUR SCRIPT
The script presents four functions to generate gradients:
f_c_gradientRelative(_source, _min, _max, _c_bear, _c_bull)
f_c_gradientRelativePro(_source, _min, _max, _c_bearWeak, _c_bearStrong, _c_bullWeak, _c_bullStrong)
f_c_gradientAdvDec(_source, _center, _c_bear, _c_bull)
f_c_gradientAdvDecPro(_source, _center, _steps, _c_bearWeak, _c_bearStrong, _c_bullWeak, _c_bullStrong)
The relative gradient functions are useful to generate gradients on a source that oscillates between known upper/lower limits. They use the relative position of the source between the `_min` and `_max` levels to generate the color. A centerline is derived from the `_min` and `_max` levels. The source's position above/below that centerline determines if the bull/bear color is used, and the relative position of the source between the centerline and the max/min level determines the gradient of the bull/bear color.
The advance/decline gradient functions are useful to generate gradients on a source for which min/max levels are unknown. These functions use source advances and declines to determine a gradient level. The `f_c_gradientAdvDec()` version uses the historical maximum of advances/declines to determine how many correspond to the strongest bull/bear colors, making its gradients adaptive. The `f_c_gradientAdvDecPro()` version requires the explicit number of advances/declines that correspond to the strongest bull/bear colors. This is useful when coloring chart bars, for example, where too many gradient levels are difficult to distinguish. Using the Pro version of the function allows you to limit the number of gradient levels to 5, for example, so that transitions are fewer, but more obvious. The `_center` parameter of the advance/decline functions allows them to determine which of the bull/bear colors to use.
Note that the custom `f_colorNew(_color, _transp)` function we use in our script should soon no longer be necessary, as changes are under way to allow color.new() to accept series arguments.
Inputs
The script's inputs demonstrate one way you can allow users to choose base bull/bear colors. Because users can modify any of the colors, only two are technically needed: one for bull, one for bear, as we do for the configuration of the bull/bear colors for the background in the gradient #4 configuration. Providing a few presets from which users can choose can be useful for color-challenged script users, but that type of inputs has the disadvantage of not rendering optimally in all OS/Browser environments.
You can use the inputs to select one of eight gradient demonstrations to display.
█ THANKS
Thanks to the PineCoders team for validating the code and description of this publication.
Thanks also to the many TradingView devs from multiple teams who made these improvements to Pine colors possible.
Look first. Then leap.
Ehlers Voss Predictive Filter [CC]The Voss Predictive Filter was created by John Ehlers (Stocks and Commodities August 2019) and this is a unique indicator in that it tries to predict future price action. I have color coded the middle line to show buy and sell signals so buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you want me to publish!
Ehlers Spearman Rank Indicator [CC]The Spearman Rank Indicator was created by John Ehlers (Stocks and Commodities July 2020 pg 6) and this works well as a trend confirmation indicator. This is obviously his take on the Spearman Ranking Correlation and make sure to let me know what you think! Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you want me to publish!
Bear & Bull Zone Trend AlertsThis script was requested based on what I previously had in my other scripts.
I did do some tweaks based on some assumptions of what I think it will be used for.
{Gunzo} Bulls Power vs. Bears PowerBulls Power vs. Bears Power is a unique tool that displays on each candle the balance between the bears (sellers) and the bulls (buyers).
OVERWIEW :
This indicator is mainly based on the popular indicator “Elder ray” made by Dr. Alexander Elder in 1989. This indicator has been developed in order to determine the strength of the competing groups of buyers and sellers in the markets.
CALCULATION :
To measure the competing power of bulls and bears, the indicator compares the current high (maximum power of the bulls) and current low (maximum power of the bears) to the average price using a exponential moving average.
Bull Power = Current High – EMA 13 (closing)
Bear Power = Current Low – EMA 13 (closing)
This Elder ray indicator can also tell us more information about market conditions :
If the current high and current low are above the EMA 13, the bulls are totally in control on the market
If the current high and current low are under the EMA 13, the bears are totally in control of the market
If the EMA 13 is in between of the current high and current low, there is strong fight about controlling the market, there is possible reversal in this configuration
SETTINGS :
Fast MA Period : Fast moving average period (only used for buy sell signal)
Slow MA Period : Slow moving average period (only used for buy sell signal)
Display candle labels : Show/hide candle labels on the chart
Display only bear labels above X : Exclude all top candle labels on the chart below the value specified.
Display only bull labels above X : Exclude all bottom candle labels on the chart below the value specified.
Display opposite values : Show all candle labels on top (bearish) and bottom (bullish) or only show the candle labels for the winning force on the candle.
Display box for last candle : Show/hide the dominance boxes (red and blue) after last candle showing the last bear and bull power.
Display box after X candles : How many candles in the future the dominance boxes should be displayed.
Display slow / fast crossover (o) : Display crossover signals (circles) between fast line and slow line.
Display bear / bull fighting (x) : Display fighting signals (crosses) between bull and bears.
VISUALIZATIONS :
This indicator has 3 possible complementary visualizations:
Candle labels : The labels on top are the percentage of the bears on the candle, while the labels on the bottom are the percentage of the bulls on the candle. When the bulls are winning the labels are blue, when the bears are winning the labels are red, silver otherwise.
Box after last candle : The blue and red boxes after the last candle are the percentage of bears and bulls on the last candle of the chart. That boxes can be disabled in the settings if you feel it is redundant with the labels.
Signals : The signals are displayed at the bottom of the main area of trading. The orange “x” represents an area where bulls and bears are fighting hard. The blue “o” represents a buy signal (fast line crosses over the slow line) and the red “o” represents a sell sinal (fast line crosses under the slow line).
USAGE :
The most important rule in the usage of this indicator is :
“The higher the current bull power is (or bear power), the higher the chances are the next candle will also be bullish (or bearish).”
When the prices is increasing, it is very interesting to follow the bull power to verify that it is either stable or increasing. If the bull power keeps decreasing candle after candle, there is chances that in the next candles there will be a reversal.
When there is orange crosses in the signal area (bottom of the screen), it means that there is a big fight between bulls and bears and that the current price of the asset is probably stable. During these fighting areas, reversals are more likely to happen.
When there is a blue circle in the signal area (or red signal), it can be considered as a buy signal (or sell signal). These signals are determined by the crossover of the fast and slow lines of the total power of the bulls plus the bears.
LIMITATIONS :
As Pine script only allows to display about 50 drawings on the chart, the labels on the candles can not be printed on all the historical candles. The option “Display opposites” could be useful to hide unnecessary labels and then be able to display more older labels.
As the Elder ray indicator uses an average price (EMA 13 of closing price), the indicator may be lagging in some situations, but most of the time it will help to filter the bad signals contrary to the indicators that are too reactive.
Price Acceleration Convergence Divergence V2This is a fork of the previous PACD indicator i made by working out the RSI another two times. it works the exact same but is more leading in trend reversals and divergences.
this indicator plots 4x the RSI of the RSI of the price using the derivatives of RSI. Data is plotted just like the MACD.
points 5 and -5 are very strong support/resistance points and should be very important points to take note of.
use this indicator like the MACD essentially with the assistance of a 4x RSI momentum. enjoy
[Lixx] MESA(EMA/SMA) and ROC(ROC/MESA) Take Profit TriggersThis script uses the MESA EMA and SMA as well as the ROC/MESA cross to help find the take profit areas when trading divergences using market cipher or wavetrend. It is inspired by jordanfungs MESA indicator, however this one is different because it is not lagging in the signals.
Hope you enjoy it, and make sure to backtest any strategy before you use it.
Trend Persistence Rate Indicator [CC]The Trend Persistence Rate Indicator was created by Richard Poster (Stocks and Commodities Feb 2021 pg 12) and this indicator is a good trend strength indicator similar to ADX. A good strategy with this indicator according to the author is to combine this with a moving average crossover strategy and a volatility indicator. Buy when the price crosses over the moving average and when the volatility and this indicator are over a selected minimum. I think 30-40 as a minimum for this indicator works well. Exit that position when this indicator peaks and starts to go down and it should be very profitable for you. I have included general buy and sell signals with this indicator as well.
Let me know if there are any other indicators you would like to see me publish!
Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud)"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
Trend Indicator B-V2 (Momentum measuring)"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
Ehlers Noise Elimination Technology [CC]The Noise Elimination Technology Indicator was created by John Ehlers (Stocks and Commodities Dec 2020 pg 17) and he created this indicator to be used with his version of RSI but I think it works well with any price data or any indicator really.
I'm trying a new signal system due to a request from @luckyCamel58789 so let me know what you think. I now differentiate between a buy and a strong buy when the indicator increases over itself twice and vice versa. Dark green is a strong buy and light green is a regular buy. Dark red is a strong sell and light red is a regular sell.
Let me know what indicators you would like to see me publish!
Ehlers FM Demodulator Indicator [CC]The FM Demodulator Indicator was created by John Ehlers (Stocks and Commodities May 2021 pg 14) and this indicator was created to accurately time any price variations which I think it does a great job. It is smoothed by default with his super smoother but feel free to substitute your own and try different combos. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
macZLSMA - Overlay**Overlay Version** Macd that shows instantaneous trend using ZLSMA. This crossover has the ability to reveal trend directions before it happens. With multi time frame option.
Above image shows 1 hour timeframe using 12hour setting on indicator
Example with 1 hour timeframe:
Example with 1 hour timeframe using daily setting on indicator:
Non overlay version available here:
macZLSMAMacd that shows instantaneous trend using ZLSMA. This crossover has the ability to reveal trend directions before it happens.
