Rozpocznij

Educational

RSI Overbought/Oversold + Divergence IndicatorDESCRIPTION: This script combines the Relative Strength Index ( RSI ), Moving Average and Divergence indicator to make a better decision when to enter or exit a trade. - The Moving Average line (MA) has been made hidden by default but enhanced with an RSIMA cloud. - When the RSI is above the selected MA it turns into green and when the RSI is below the select MA it turns into red. - When the RSI is moving into the Overbought or Oversold area, some highlighted areas will appear. - When some divergences or hidden divergences are detected an extra indication will be highlighted. - When the divergence appear in the Overbought or Oversold area the more weight it give to make a decision. - The same color pallet has been used as the default candlestick colors so it looks familiar. HOW TO USE: The prerequisite is that we have some knowledge about the Elliot Wave Theory, the Fibonacci Retracement and the Fibonacci Extension tools. Wave 1 (1) When we receive some buy signals we wait until we receive some extra indications. (2) On the RSI Overbought/Oversold + Divergence Indicator we can see a Bullish Divergence and our RSI is changing from red to green ( RSI is higher then the MA). (3) If we are getting here into the trade then we need to use a stop loss. We put our stop loss 1 a 2 pips just below the lowest wick. We also invest maximum 50% of the total amount we want to invest. Wave 2 (4) Now we wait until we see a clear reversal and here we starting to use the Fibonacci Retracement tool. We draw a line from the lowest point of wave(1) till the highest point of wave (1). When we are retraced till the 0.618 fib also called the golden ratio we check again the RSI Overbought/Oversold + Divergence Indicator. When we see a reversal we do our second buy. We set again a stop loss just below the lowest wick (this is the yellow line on the chart). We also move the stop loss we have set in step (3) to this level. Wave 3 (5) To identify how far the uptrend can go we need to use the Fibonacci Extension tool. We draw a line from the lowest point of wave(1) till the highest point of wave (1) and draw it back to the lowest point of wave (2). Wave (3) is most of the time the longest wave and can go till it has reached the 1.618 or 2.618 fib. On the 1.618 we can take some profit. If we don't want to sell we move our stop loss to the 1 fib line (yellow line on the chart). (6) We wait until we see a clear reversal on the Overbought/Oversold + Divergence Indicator and sell 33% to 50% of our investment. Wave 4 (7) Now we wait again until we see a clear reversal and here we starting to use the Fibonacci Retracement tool. We draw a line from the lowest point of wave(2) till the highest point of wave (3). When we are retraced till the 0.618 fib also called the golden ratio we check again the RSI Overbought/Oversold + Divergence Indicator. When we see a reversal we buy again. We set again a stop loss just below the lowest wick (this is the yellow line on the chart). (8) If we bought at the first reversal ours stop los was triggered (9) and we got out of the trade. (9) If we did not bought at step (7) because our candle did not hit the 0.618 fib or we got stopped out of the trade we buy again at the reversal. Wave 5 (10) To identify how far the uptrend can go we need to use the Fibonacci Extension tool. We draw a line from the lowest point of wave(2) till the highest point of wave (3) and draw it back to the lowest point of wave (4). Most of the time wave 5 goes up till it has reached the 1 fib. And that is the point where we got out of the trade with all of our investment. In this trade we got out of the trade a bit earlier. We received the sell signals and got a reversal on the Overbought/Oversold + Divergence Indicator. We are hoping you learned something so you can make better decisions when to get into or out of a trade. If you have any question just drop it into the comments below. FEATURES: • You can show/hide the RSI . • You can show/hide the MA. • You can show/hide the lRSIMA cloud. • You can show/hide the Stoch RSI cloud. • You can show/hide and adjust the Overbought and Oversold zones. • You can show/hide and adjust the Overbought Extended and Oversold Extended zones. • You can show/hide the Overbought and Oversold highlighted zones. • Etc... HOW TO GET ACCESS TO THE SCRIPT: • Favorite the script and add it to your chart. REMARKS: • This advice is NOT financial advice. • We do not provide personal investment advice and we are not a qualified licensed investment advisor. • All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. • We will not and cannot be held liable for any actions you take as a result of anything you read here. • We only provide this information to help you make a better decision. • While the information provided is believed to be accurate, it may include errors or inaccuracies. Good Luck and have fun, The CryptoSignalScanner Team
Wskaźnik Pine Script™
od seoco
15
Nifty36ScannerThis code is written for traders to be able to automatically scan 36 stocks of their choice for MACD , EMA200 + SuperTrend and Half Trend . Traders can be on any chart, and if they keep this scanner/indicator on , it will start displaying stocks meeting scanning criteria on the same window without having to go to Screener section and running it again and again. It will save time for traders and give them real time signals. Indicators for scanning stocks are: MACD EMA200 Supertrend HalfTrend - originally developed by EVERGET Combination of EMA200 crossover/under and MACD crossover/under has worked well for me for long time, so using this combination as one of the criteria to Scan the stocks. Using Everget's Half Trend method confirms the signal given by MACD , EMA200 and Supertrend Crossover. I have added 36 of my favourite stocks from Nifty 50 lot. Users of this script can use the same stocks or change it by going into the settings of this scanner. The Code is divided into 3 Sections Section 1: Accepting input from users as boolean so that they can scan on the basis of one of the criteria or any combination of the criteria. Section 2: "Screener function" to calculate Buy/ Sell on the basis of scanning criteria selected y the user. screener=> = ta.supertrend(2.5,10) Buy/Sell on the basis of Supertrend crossing Close of the candle //using ta.macd function to calculate MACD and Signal = ta.macd(close, 12, 26, 9) using HalfTrend indicator to calculate Buy/Sell signals , removed all the plotting functions from the code of Half Trend Bringing Stock Symbols in S series variables s1=input.symbol('NSE:NIFTY1!', title='Symbol1', group="Nifty50List", inline='0') Assigning Bull/Bear ( Buy/Sell) signals to each stocks selected =request.security(s1, tf, screener()) Assign BUY to all the stocks showing Buy signals using buy_label1:= c1?buy_label1+str.tostring(s1)+' ': buy_label1 Follow the same process for SELL Signals Section 3: Plotting labels for the BUY/SELL result on the in terms of label for any stocks meeting the criteria with deletion of any previous signals to avoid clutter on the chart with so many signals generated in each candle Display Buy siganaling stocks in teh form of label using Label.new function with parameters as follows: barindex close as series color textcolor style as label_up, yloc =price textalign=left Delete all the previous labels label.delete(lab_buy ) STOCKS SELECTION We have given range f 36 stocks from NIFTY 50 that can be selected at anytime,. User can chose their own 36 stocks using setting button. INDICATORS SELECTION 1. MACD: It i sone of the most reliable trading strategy with 39.3% Success rate with 1.187 as profit factor for NIFTY Index on Daily time frame 2. EAM200 + Super trend : Combination of EMA200 crossover and Super trend removes any false positives and considered a very reliable way of scanning for Buy/Sell signals 3. HALF TREND: Originally developed as an indicator by Everget and modified as strategy by AlgoMojo, it generates Buy/Sell signals with 40.2% success rate with 1.469 as profit faction, on 15 minutes timeframe.
Wskaźnik Pine Script™
od Dr_AtulGoswami
22
Sort array alphabetically - educational🔶   OVERVIEW     • This educational script will sort an array of tickers alphabetically and place these values in an table , together with the according current price value next to each ticker . 🔶   SORT ALPHABETICALLY 🔹   I. We make a User Defined Type (UDT) obj , with:         ·   ticker - the string name of the ticker         ·   price - the current price (close)     • From this UDT we make an object obj.new() for each ticker 🔹   II. 2 array's are made:     •  array of objects aObj , containing obj type obj.new() for every ticker     •  array of strings sort , the ticker part of each object obj.new() 🔹   III. Now we make an object of each ticker with the createObject(sym ) function object_1 = createObject("TICKER")     • the object object_1 consists off:         ·   ticker -> "TICKER"         ·   price -> current Daily close through request.security("TICKER") (non-repainting)     •  object_1 will be added to the aObj array     •  "TICKER" ( string ticker part of object ) will be added to the sort array 🔹   IV. The latter array is sorted alphabetically by using array.sort_indices() EXAMPLE originalArray = array.from("B", "A", "C") indicesArray = // sorted indices array.get(originalArray, 1) -> "A" array.get(originalArray, 0) -> "B" array.get(originalArray, 2) -> "C" IMPORTANT Alphabetically sorting is case sensitive , just like Java compareTo(String anotherString) !     • The comparison is based on the Unicode value of each character in the string, the lowest "Dec" values are sorted first in line.     • Comparing the "Dec" values at unicodelookup explains why default CAPITAL lettres will be sorted first,     • Default you would get this (A= 65, B= 66, a= 97, b= 98) Aa Ba ab bb     • Adding str.lower(string) in the toLowerCase() function will result to the following: Aa ab Ba bb    • (A= 65 is transformed to a= 97, ...)    • As a side note, should you write "AMZN" as "ÀMZN" this would be placed at the end, even after transforming to lower case the "Dec" values are higher (À= 192, à= 224).     • You can toggle "To Lower Case" to verify. 🔹   V. Values are placed in a table , using these sorted indices.     • With the usage of UDTs and objects , the current price has the same index in the aObj as their ticker ,                   giving the advantage it is fairly easy to place every value correctly next to each other.     • The same can be done by make 2 separate arrays , 1 for the current price , the other for "TICKER" . 🔶   OTHER TECHNIQUES USED     •  Alternative technique for adding comment         Instead of // this is a comment         You can also do this: _=" this is a comment "     •  Alternate colour         ·  During a loop , alternate colour when i is even or odd , using the modulo operation (%) .         ·  This is the remainder when dividing.        EXAMPLE         ·  3 % 2 = 1 -> 3 / 2 -> 1 * 2, 1 left (remainder)         ·  4 % 2 = 0 -> 4 / 2 -> 2 * 2, 0 left (remainder)         ·  5 % 2 = 1 -> 5 / 2 -> 2 * 2, 1 left (remainder) for i = 0 to 10 even = i % 2 == 0 col = even ? thisColor : otherColor     •  Adjust colour in script by using colour picker Cheers!
Wskaźnik Pine Script™
od fikira
6
ICT Killzones [LuxAlgo]This script highlights ICT Killzones on the chart along with Fibonacci retracements constructed from each Killzone's price range, allowing traders to find more optimal entries. Settings Killzone Retracements Show Retracements: Determines whether Fibonacci retracements are displayed on the chart. Extend: Determines if the retracements are extended outside the Killzone. Reverse: Switches the maximum and minimum levels for the calculation of the retracements. Other settings allow disabling as well as changing the retracement value and color. Usage Killzones are introduced by forex trader ICT and represent different time intervals that aims at offering optimal trade entries. Killzones include: New York Killzone (7:9 ET) London Open Killzone (2:5 ET) London Close Killzone (10:12 ET) Asian Killzone (20:00 ET) Note that using timeframes superior to 1h can highlight incorrect intervals Fibonacci retracements on an active Killzone are subject to changes, if no Killzones are active then the associated Fibonacci retracements will stay at their current level. Disabling specific Killzones while having extended retracements will allow them to extend further. In the image above the New York and Asian Killzones are disabled.
Wskaźnik Pine Script™
od LuxAlgo
31
Basic Position Calculator (BPC)In trading, proper position sizing is essential to managing risk and maximizing returns. The script provided is a Basic Position Calculator that allows traders to quickly and easily calculate their position size, stop loss, take profit, and risk reward ratio for a given trade. The script starts by defining several inputs for the user to customize the calculations. The first input is the "Account Size", which specifies the total amount of funds available for the trade. The next input is "Risk Amount %", which is the percentage of the account size that the trader is willing to risk per trade. The "Stop Loss" input specifies the maximum amount of loss that the trader is willing to accept, while the "Reward" input is the desired profit target for the trade. Finally, there is a "Position" input that allows the user to specify where on the chart the table of calculations will be displayed. The script then calculates the position size, stop loss, take profit and risk reward ratio using the user-specified inputs. The position size is calculated by dividing the risk amount by the stop loss. The stop loss is calculated by multiplying the stop loss percentage by the close price, and the take profit is calculated by multiplying the stop loss percentage by the close price and the reward. Risk-reward ratio is the ratio of amount of profit potential to the amount of risk in a trade. The script then creates a table and displays the calculated values on the chart at the specified location. The table includes the following information: account size, position size, account risk %, stop loss, stop loss %, take profit, take profit % and risk reward ratio. This allows the trader to quickly and easily see all the key calculations for their trade in one place. Overall, the Basic Position Calculator script is a valuable tool for any trader looking to quickly and easily calculate their position size, stop loss, take profit, and risk reward ratio for a given trade. The ability to customize the inputs and display the calculations on the chart makes it a useful and user-friendly tool for managing risk and maximizing returns.
Wskaźnik Pine Script™
od The_Peaceful_Lizard
DS FLASH Volumetrade balance volume can show in under the chart. Trade balance, also known as the balance of trade, is a measure of a country's exports minus its imports. A trade deficit occurs when a country imports more goods and services than it exports, while a trade surplus occurs when a country exports more than it imports. The trade balance can be shown in a chart as a line graph, with the trade balance represented by the y-axis and the time period represented by the x-axis.
Wskaźnik Pine Script™
od ForexSchool_TradingAcademy
Live PnL v1.0Live P&L for multiple stocks, currencies, crypto and commodities can now be tracked for your favorite scripts, pair trading etc. This indicator gives provision to add up to 3 stocks/futures/currency with Buy and Sell, Quantity (can be lot size or any other) and Entry Price and set as default so that every time you put back this indicator you can monitor the live Profit / Loss figure. This indicator will help trade to evaluate and track tips/trades of experts on social media and Media platforms and check their accuracy themselves in an organized way. Apart from paper trading a trade or multiple positions ones combined together it also gives a feeler of combined Mark to live Market Drawdowns or Profitability.
Wskaźnik Pine Script™
od Mohit_Kakkar08
2
Multiple Divergences (UDTs - objects) - Educational█   OVERVIEW This script highlights the usage of User-defined Types (UDTs) and objects , and bullish /bearish  divergences. Pivotpoints are used to find divergences, the result of this script will be different against other public multiple divergences scripts. FOR Pine Script™ CODERS Besides the information found in CONCEPTS , the comments in the script will, hopefully ), guide you through my thought process. █   CONCEPTS The main principle of this script are bullish /bearish  divergences, this with 3 different oscillators ( RSI , CCI , MFI ) If you want to know more about divergences, have a look at some Education and Research idea's . On every bar, an object HLs is made, containing bar_index , high , low , and 2 bool variables ( isPh , isPl ). On every bar, an object Osc is made, containing bar_index , o (oscillator value), and 2 bool variables ( isPh , isPl ). If a pivothigh (ph ) is found, isPh will be true on that bar, false otherwise. If a pivotlow (pl) is found, isPl will be true on that bar, false otherwise. These objects are added to an array, with limited size. If a ph is found, the script draws a testline from that ph to every previous ph , found in the array. Then every high in between these 2 points are checked if they don't pierce the testline . If the testline isn't broken, the Reg_Div_Piv() function will give 4 values, 1 check (not pierced) variable and the 4 points of the line. The testline is deleted. Once a positive check is found, the script will perform the same, but now with the Osc objects. The script will ONLY compare Osc pivots which are maximum 1 bar away from the high/low pivot . If everything is confirmed, a line is drawn, visible on the chart. █   REMARKS A label will be visible with a number, this is the amount of divergences found with the according oscillator . EXAMPLE Div with RSI and CCI -> 2 Div with MFI alone -> 1 Div with RSI and CCI and MFI -> 3 ... Divergences should only be used when confirmed, this is after bar close . As an aid, lines that are not confirmed will be dotted , if confirmed, they will be solid . The divergence check start when a ph/pl is found, after which oscillator pivot are checked. Optionally the same can be done, when a oscillator pivot is found and then check the ph/pl , this should give more results, although it can make the script slower. █   SETTINGS Left - amount of bars at the left which needs to be lower/higher Right - amount of bars at the right which needs to be lower/higher Max values - maximum values in array of objects 3 oscillator settings with      • ON/OFF      • Length      • color bullish  divergence      • color bearish  divergence Have FUN !
Wskaźnik Pine Script™
od fikira
17
Average Range @coldbrewroshTaking the average daily range from low to high or high to low isn't the "best" way to get an idea of how much to set targets. So, I made this indicator to make the system better. This indicator calculates the daily range from Open to High on Bullish Days & Open to Low on Bearish Days . Nobody can catch the absolute low of the day on bullish days and get out at the high but one can enter at a reasonable price around the open ( 17:00 EST ) . To complement the Average Range, another table shows the movement in the opposite direction. For Instance: On Bullish Days how much it moved from Open to Low so that we have an idea of where to put the stop loss and vice versa. The time ranges calculated are the last 5 days, last 1 month, last 3 months & last 1 year. Note #1: Even though the date range is predefined, it has a different meaning. For Instance: date range of last 5 days means "calculation of the range of last 5 bullish daily candles & not last 5 days" . Note #2: Exclusive to Forex at the time of posting this.
Wskaźnik Pine Script™
od coldbrewrosh
11
ATR_RSI_Strategy v2 with no repaint [liwei666]🎲 Overview 🎯 this is a optimized version based on ATR_RSI_Strategy with no-repaint. Sharpe ratio: 1.4, trade times: 116 , trade symbol: BINANCE:BTCUSDTPERP 15M you can get same backtesting result with the correct settings. 🎲 Strategy Logic 🎯 the core logic is quite simple, use ATR and RSI and SMA 1. when price is in high volatility ( atr_value > atr_ma); 2. wait for a break signal (rsi_value > rsi_buy or rsi_value < rsi_sell); 3. entry Long or Short,use trailing stop-loss to max security and percent TP to keep profit. 🎲 Settings 🎯 there are 7 input properties in script, but I only finetune 4 of them ( bold field below ), you may change other parameter to get better result by yourself. atr_length: length to get atr value atr_ma_length : length of smoothing atr value atr_ma_norm_min : atr_ma normalized min value, filter high volatility ranges atr_ma_norm_max : atr_ma normalized max value, filter high volatility ranges rsi_length : length to get rsi value rsi_entry: 50 +/- rsi_entry to get entry threshold trailing_percent: trailing stop-loss percent 🎲 Usage 🎯 the commission set to 0.05% , part of exchange the commission is less than 0.05% in reality, but I will still use 0.05% in my next script. 🎯 this script use 50% of equity to size positions follow general script position, you can adjust the value to fix size or 100% of equity to compare result with other strategy, but I still suggest you use 5-10% of equity for each strategy in reality. 🎯any questions please comment below. if there are any words violate House Rule, please tell me below and i will revise immediately don't want be hiddened again 😂😂 Additionally, I plan to publish 20 profitable strategies in 2023; let‘s witness it together! Hope this strategy will be usefull for you :) enjoy! 🚀🚀🚀
Strategia Pine Script™
od liwei666
3
Elliot Wave Helper Table█  OVERVIEW This indicator is intend to be helper to help Elliot Wave user to properly Elliot Wave tools according to correct degree such as 12345 or ABCWXY. The abbreviation changes according to timeframe. █  FEATURES 1. Abbreviation degree adaptive to timeframe. Eg : Subminutte for 1 minute chart, etc. 2. Works for custom timeframe. Eg : Subminutte for 1 to 4 minute chart, etc. 3. Show reference table if necessary. █  REFERENCE Adaptive Elliot Wave Degree Chart █  EXAMPLES / USAGES
Wskaźnik Pine Script™
od RozaniGhani-RG
3
Selected Dates Filter by @zeusbottradingWe are presenting you feature for strategies in Pine Script. This function/pine script is about NOT opening trades on selected days. Real usage is for bank holidays or volatile days (PPI, CPI, Interest Rates etc.) in United States and United Kingdom from 2020 to 2030 (10 years of dates of bank holidays in mentioned countries above). Strategy is simple - SMA crossover of two lengts 14 and 28 with close source. In pine script you can see we picked US and GB bank holidays. If you add this into your strategy, your bot will not open trades on those days. You must make it a rule or a condition. We use it as a rule in opening long/short trades. You can also add some of your prefered dates, here is just example of our idea. If you want to add your preffered days you can find them on any site like forexfactory, myfxbook and so on. But don’t forget to add function “time_tradingday ! = YourChoosedDate” as it is writen lower in the pine script. Sometimes the date is substituted for a different day, because the day of the holiday is on Saturday or Sunday. Made with ❤️ for this community. If you have any questions or suggestions, let us know. The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold zeusbottrading TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script.
Strategia Pine Script™
od zeusbottrading
1
Harmonic Pattern Table UDT█  OVERVIEW This table indicator was intended as helper / reference for using XABCD Pattern drawing tool. The values shown in table was based on Harmonic Trading Volume 3: Reaction vs. Reversal written by Scott M Carney. Code upgrade from Harmonic Pattern Table (Source Code) and based on latest User-Defined Type (UDT) . As a result, code appeared more cleaner. █  FEATURES 1. List Harmonic Patterns. 2. Font size small for mobile app and font size normal for desktop. 3. Options to show Animal name in text, emoji or both. █  USAGE Similar to Harmonic Pattern Table (Source Code). █  CREDITS Scott M Carney, Trading Volume 3: Reaction vs. Reversal
Wskaźnik Pine Script™
od RozaniGhani-RG
1
12/26-IT strategyBase of this Strategy is crossover of 12EMA on 26EMA. Also multiple other criteria has to meet for buy signal, Criterias mentioned below ////////////////////////////////// There two entry option to select. Either one or both can be selected: 1. Only 12/26 Cross over a. 12/26 crossover. b. RSI (14) value to be between a range (RSI is inbuilt, but lower and upper range can be defined in settings) c. MACD (12, 26) to be positive and above signal line (this is inbuilt) 2. Recent 12/26 Cross over and closing above pivot point(resistance) a. 12/26 crossover has to be recent, CrossOverLookbackCandles value will look for crossover in # previous candles.. b. RSI (14) value to be between a range (RSI is inbuilt, but lower and upper range can be defined in settings) c. MACD (12, 26) to be positive and above signal line (this is inbuilt) d. closing above resistance line ////////////////////////////////// For Exit we have three options. you can select any SL as per your need, multiple SLs can also be selected 1. Trailing Stop Loss. Source for TSL is adjustable(open, close, high or low), also you have to mention % below your source TSL has to be placed. Once closing is below TSL, exit will be triggered. 2. Closing below 7SMA After 7SMA SL is enabled, 7SMA will be plotted on chart and exit signal will be triggered when closing is below 7SMA. Choose this option for LESS risk and rewards 3. 12/26 Crossdown Once 12EMA crossdown below 26EMA, exit will be triggered. Choose this option for HIGH risk and rewards ////////////////////////////////// Resistance line is plotted based on left and right candles, if 10(can be changed) is used for both left and right, indicator will look for 10 candles in left and 10 candles in right and if both left and right candle are lower then a line is plotted. Source has to be selected (close or high) ////////////////////////////////// Qty mentioned in Buy trigger will be based on BUYVALUE entered ////////////////////////////////// Multiple Target option is available, if first target is matched how much percentage of qty to be sold can be defined. If you wish to have only one Target, then exit qty in first target must be 100
Strategia Pine Script™
od Abdul-Rahim
10
Reverse Engineering RSI II - EMARSI and SMARSIThis is the Reverse Engineering EMARSI and SMARSI Indicator. It’s based on the work of Giorgos Siligardos on Reverse Engineering RSI. The Reverse Engineering EMARSI and SMARSI Indicator shows the Exponential Moving Average and the Simple Moving Average of the RSI line but plotted in the price chart. This script is also a complement of "Reverse Engineering RSI, by Giorgos Siligardos" script by HPotter but can also be used alone. By default the RevEngSMARSI is turned off. The RevEngEMARSI is the white line. I’ve also added to the indicator: 1) Simple Moving Average (MA) of the EMARSI (EMARSI SMA) - Orange Line 2) Standard Deviation Bands for the EMARSI SMA - turned off by default Using the settings I left in default (Length's = 1), we can see that when the EMARSI SMA is horizontal the price rises and so does the EMARSI. Also when the EMARSI SMA rises that's a signal that there is a resistance/support at that price. We can observe such thing if we draw horizontal lines at those prices. We can use this to help us put stop-losses and take profits. Also, those resistance/suport prices are ALWAYS the closing price of the first red candle after a bullish trend (big or small trends). Interesting... When the EMARSI SMA rises and touches the EMARSI 3 things can happen: - Bullish Trend slows down - Correction of price - Trend reversal So, when the EMARSI SMA rises that can be interpreted as a signal for taking profits. We should always wait for the price to close in the timeframe we're using, because sometimes the EMARSI SMA rises before the closing price and flattens again when is about to close. However we should never take decisions based on 1 indicator. Our trading decision should always take in consideration multiple sources of information. Of course we can use other settings for the trading. And if we do that we will observe different behaviours. And we should also study those behaviours. We can then use the crosses between the lines. If there is something wrong with the code or its calculations, please let me know. If you want to modify or improve the code, feel free to do that, but please let me know the changes you made. This Indicator works in all timeframes. I hope you enjoy it!
Wskaźnik Pine Script™
od monophobiafafe
3
TradingView PartyNow you can enjoy TradingView as your very own personal party lights display! This script is not designed to be seriously used for trading. It draws lines, boxes and labels randomly to simulate party lights. I recommend disabling other chart plots, including the price and also to use this script on a live chart (one on which the price is moving) with a low timeframe such as a 1 second or 1 minute chart, so that what you see will change often. The point of this script is to have cool looking things appear on the chart somewhat randomly. Hue, saturation, lightness and transparency can be edited the settings. All colours are generated randomly within those constraints. Thanks to @RicardoSantos and @HeWhoMustNotBeNamed for their contributions to the random colour generation in this ground breaking work.
Wskaźnik Pine Script™
od barnabygraham
1