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EVWMA VWAP MACD Strategy [QuantNomad]Based on comment of @coondawg71 I tried to compare VWAP and EVWMA.
Both are sort of moving averages so I decided to create a MACD based on these 2 indicators.
In parameters you can set EVWMA Length and 2 smoothing lengths for "macd" and "signal".
Strategy seems to work pretty good at 2h-8h timeframes for crypto.
What do you thing about it?
Compare (RSI) MACDHere I've created an indicator which can be used together with my "Compare (RSI) Ticker 3x" Indicator.
It makes it much easier to see the movements between the "RSI Ticker 1" and "RSI Ticker 2/3".
- The white line is the "MACD" of Ticker 1, which is the difference between the "RSI Ticker 1" and "RSI Ticker 2/3".
- The purple line is the "Signal" line, an EMA of the "MACD". (Length is adjustable)
- The "0-line" is the "RSI Ticker 2/3" line, when Ticker 2 is chosen, this will be blue coloured, when Ticker 3 is chosen it will be red.
Because 2 MACD in 1 indicator is way too messy, you only can choose the comparison against Ticker 2 OR Ticker 3.
- In "Settings" > "Inputs" you can enable/disable the second or third Ticker
(If Ticker 2 is enabled, Ticker 3 is disabled and vice versa)
- The second Ticker has multiple choices
- The third you can type any Ticker you want, for example CRYPTOCAP:BNB, BINANCE:ETHUSDT, NASDAQ_DLY:NDX or whatever,
just start typing and you'll see the possibilities (You also can choose between "Cryptocurrencies", "Index", "Forex", ...)
- When the "MACD" crosses the "0-line", arrows will appear, white ones for "MACD", purple ones for the "Signal" line.
- The "Histogram" makes it easier to see the difference between "MACD" and "Signal" line.
- The source of this indicator is adjustable
- When the second chosen Ticker is the same as the first Ticker, of course you will be seeing lines
(because there is no difference between the 2 Tickers, the EMA is visible though)
If you use both "Compare (RSI) Ticker 3x" AND "Compare (RSI) MACD", of course be aware that you have the same Ticker 2 or 3 in each indicator!
Apirine Stochastic MACD w/ MA Selection by Cryptorhythms📊 Apirine Stochastic MACD w/ MA Selection by Cryptorhythms
Intro
Had to re-release due to moderation.
This happens to be my first open source indicator, hope you all enjoy it!
Description
This indicated is ported from November 2019 issue of TASC. “The Stochastic MACD Oscillator” in this issue, author Vitali Apirine introduces a new indicator created by combining the stochastic oscillator and the MACD . He describes the new indicator as a momentum oscillator and explains that it allows the trader to define overbought and oversold levels similar to the classic stochastic but based on the MACD .
Options
-You can enable bar coloration for trade state (signal conditions setup in the "long" and "short" variables).
-You can choose histogram or columns for the convergence/divergence display.
-You can turn on/off and adjust the overbought / oversold zones.
-You can choose what type of moving average to use in the calculation from a small selection of options. This gives you more flexibility to adapt the indicator to your needs.
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 70th script on Tradingview!
🤐Check my Signature for other information
Double MACD Buy and SellIndicator for strategy that was used in a Forex competition and was a winner. Use double MACD with custom settings, search video on YouTube:
Learn Five Powerful MACD Trading Strategies
Add some tools to analyze the market context a little more:
- Detector of regular and hidden divergences.
- Atlas Zone (detects consolidation that is about to generate a movement)
- Choppines zone configurable (detects if the market is stable or not)
Visualization of entries in trend and counter-trend according to the rules described in the video.
Buy and sell alerts.
Note: I do not recommend using only this indicator as an investment strategy, it is another tool that must be complemented with a market study by the trader.
Customizable MACD (how to detect a strong convergence)Helloooo traders
I wondered once if a MACD was based on an EMA/EMA/SMA or SMA/SMA/EMA (or WHATEVA/WHATEVA/WHATEVA).
Seems they're so many alternatives out there.
I decided to empower my audience more by choosing the type of moving averages you want for your MACD.
More options doesn't always mean better performance - but who knows - some might find a config that they like with it for their favorite asset/timeframe.
I added also a multi-timeframe component because I'm a nice guy ^^
Convergence is my BEST friend
An oscillator (like MACD) is to measure how strong a momentum is - generally, traders use those indicators to confirm a trend.
So understand that a MACD (or any other indicator not based on convergence ) won't likely be sufficient for doing great on the market.
Combined with your favorite indicator, however, you may get great results.
My indicators fav cocktail is mixing :
1) an oscillator (momentum confirmation)
2) a trendline/key level break (momentum confirmation)
3) adding-up on a different trading method but still converging with the first entry.
The reason I'm deep with convergence detection is because I'm obsessed with removing those fakeout signals. You know which ones I'm talking about :)
Those trades when the market goes sideways but our capital goes South (pun 100% intended) - 2 days later, the price hasn't changed much but some lost some capital due to fees, being overexposed, buying the top/selling the bottom of a range they didn't identify.
It's publicly known that ranges are the worst traders' enemy. It's boring, not fun, and .... end up moving in the direction we expected when we go to sleep or outside.
NO ONE/BROKER/EX-GF is tracking your computer - I checked also for mine as it happened for me way too often in the past.
I surely preferred blaming a few external unknown conditions than improving my TA back in the days #bad #dave
But my backtest sir...
Our backtests show what they're being told to show . A backtest without a stop-loss/hard exit logic will show incredible results.
Then trying that backtest with live trading is like in the Matrix movie - discovering the real world is tough and we must choose between the blue pill (learning how to evaluate properly risk/opportunity caught) and the red pill (increasing the position sizing, not setting a stop loss, holding the positions hoping for the best)
Last few words
Convergences aren't invented because it's cool to mix indicators with others. (it is actually and even fun)
They're created to remove most of the fakeouts . For those that can't be removed - a strong risk management would cut most of the remaining potential big losses.
No system works 100% of the time - so a convergence system needs a back-up plan in case the converged signal is wrong (could be stop-loss, hard exit, reducing position sizing, ...)
Wishing you the BEST and happy beginning of your week
Daveatt
MACD Divergence Tops + BottomsMACD Indicator which plots local peaks and troughs in divergence.
"Classic" Divergence is specified as:
- A higher price, with reduced MACD high --> Potential Sell Point
- A lower price, with higher MACD low --> Potential Buy Point
"Alternative" Divergence is specified as:
- A higher MACD high, with reduced price --> Potential Sell Point
- A lower MACD low, with higher price --> Potential Buy Point
MACD Divergence should be used in combination with other indicators. This indicator identifies local tops and bottoms, with potential for macro trend shifts.
Zero Lag MACD [ChuckBanger]This is an MACD indicator with the ability to use zeror lag moving average instead of exponential moving average. I also added different background color when histogram is over or under center line, MACD Leader, Laguerre filter and dots to indicate when Leader line crosses macd line. Good luck traders!
QuantNomad - EVWMA MACD StrategyPretty simple EVWMA (Elastic Volume Weighted Moving Average ) MACD Strategy.
EVWMA is a quite interesting moving average where the period of the MA is defined from the volume itself.
It incorporates volume information in a natural and logical way. The EVWMA can be looked at as an approximation to the average price paid per share.
As a volume period, you can use sum of the last x bars volumes.
Here are other EVWMA indicators/strategies:
EVWMA indicator:
EVWMA Cross strategy:
MACD Indicator BFThis is my MACD strategy but in indicator format so I can include alerts. The default settings are the same as in the strategy. The long and short conditions that the alerts are attached to are when the delta (usually illustrated as the histogram) crosses above or below the zero line respectively. There is one alert for long, one for short.
ANN MACD : 25 IN 1 SCRIPTIn this script, I tried to fit deep learning series to 1 command system up to the maximum point.
After selecting the ticker, select the instrument from the menu and the system will automatically turn on the appropriate ann system.
Listed instruments with alternative tickers and error rates:
WTI : West Texas Intermediate (WTICOUSD , USOIL , CL1! ) Average error : 0.007593
BRENT : Brent Crude Oil (BCOUSD , UKOIL , BB1! ) Average error : 0.006591
GOLD : XAUUSD , GOLD , GC1! Average error : 0.012767
SP500 : S&P 500 Index (SPX500USD , SP1!) Average error : 0.011650
EURUSD : Eurodollar (EURUSD , 6E1! , FCEU1!) Average error : 0.005500
ETHUSD : Ethereum (ETHUSD , ETHUSDT ) Average error : 0.009378
BTCUSD : Bitcoin (BTCUSD , BTCUSDT , XBTUSD , BTC1!) Average error : 0.01050
GBPUSD : British Pound (GBPUSD,6B1! , GBP1!) Average error : 0.009999
USDJPY : US Dollar / Japanese Yen (USDJPY , FCUY1!) Average error : 0.009198
USDCHF : US Dollar / Swiss Franc (USDCHF , FCUF1! ) Average error : 0.009999
USDCAD : Us Dollar / Canadian Dollar (USDCAD) Average error : 0.012162
SOYBNUSD : Soybean (SOYBNUSD , ZS1!) Average error : 0.010000
CORNUSD : Corn (ZC1! ) Average error : 0.007574
NATGASUSD : Natural Gas (NATGASUSD , NG1!) Average error : 0.010000
SUGARUSD : Sugar (SUGARUSD , SB1! ) Average error : 0.011081
WHEATUSD : Wheat (WHEATUSD , ZW1!) Average error : 0.009980
XPTUSD : Platinum (XPTUSD , PL1! ) Average error : 0.009964
XU030 : Borsa Istanbul 30 Futures ( XU030 , XU030D1! ) Average error : 0.010727
VIX : S & P 500 Volatility Index (VX1! , VIX ) Average error : 0.009999
YM : E - Mini Dow Futures (YM1! ) Average error : 0.010819
ES : S&P 500 E-Mini Futures (ES1! ) Average error : 0.010709
GAZP : Gazprom Futures (GAZP , GZ1! ) Average error : 0.008442
SSE : Shangai Stock Exchange Composite (Index ) ( 000001 ) Average error : 0.011287
XRPUSD : Ripple (XRPUSD , XRPUSDT ) Average error : 0.009803
Note 1 : Australian Dollar (AUDUSD , AUD1! , FCAU1! ) : Instrument has been removed because it has an average error rate of over 0.13.
The average error rate is 0.1850.
I didn't delete it from the menu just because there was so much request,
You can use.
Note 2 : Friends have too many requests, it took me a week in total and 1 other script that I'll share in 2 days.
Reaching these error rates is a very difficult task, and when I keep at a low learning rate, they are trained for a very long time.
If I don't see the error rate at an average low, I increase the layers and go back into a longer process.
It takes me 45 minutes per instrument to command artificial neural networks, so I'll release one more open source, and then we'll be laying 70-80 percent of the world trade volume with artificial neural networks.
Note 3 :
I would like to thank wroclai for helping me with this script.
This script is subject to MIT License on behalf of both of us.
You can review my original idea scripts from my Github page.
You can use it free but if you are going to modify it, just quote this script .
I hope it will help everyone, after 1-2 days I will share another ann script that I think is of the same importance as this, stay tuned.
Regards , Noldo .
MAC-Z & MACD Leader signal [ChuckBanger]This is a combination of my MACD Leader script and MAC-Z with option to add Laguerre filter. The advantage of the MAC-Z over MACD is that it is a more accurate and “assumption-free” indicator that can more accurately describe how a market actually perform. But you can use this as a regular MACD indicator.
Crossovers signals
The MAC-Z line and signal line can be utilized in the same way as a stochastic oscillator, with the crossover between the two lines providing buy and sell signals. As with most crossover strategies, a buy signal comes when the shorter-term, more reactive line – in this case the MAC-Z line (blue line) crosses above the slower signal line (orange line). For example, when the MAC-Z line crosses below the signal line it provides a bearish sell signal.
Zero line crossing
The zero cross strategy is based on either of the lines crossing the zero line. If the MAC-Z crosses the zero line from below, it is a signal for a possible new uptrend, while the MAC-Z crossing from above is a signal that a new downtrend may be starting. This is special powerful if the lines has a fast up or down movement but the price action doesn't reflect that movement.
Divergences
Bearish and bullish divergences is my favorite signals. When price action and oscillators follow the same path it is called Convergences, when they don’t, it’s called a Divergence. Don't confuse the two because they have not the same meaning. But be aware that for example during consolidation or low liquidity, some small divergences between price and indicators might form, but that doesn't mean we should consider them as real divergences.
There is many different types of divergences. It is easier to show a picture then explaining it so I recommend you to check out the link below. Especially the top image. It sums this up very well
medium.com
MACD Leader
The MACD leader is only showing the crossing of MACD as a vertical line
Green vertical line = MACD Leader Bullish Cross
Red vertical line = MACD Leader Bearish Cross
MACD Leader:
MAC-Z:
More Information
cssanalytics.wordpress.com
en.wikipedia.org
drive.google.com
Range Force Impulse The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.
The indicator consists of the following:
Direction - True Range and Average True Range columns shown above and below 0 depending on direction of the period's price
-- TR (gray) shows the current period's trading volatility
-- ATR (Impulse colors, see below) shows an EMA of TR over a specified length
-- Can be used to determine stops and targets (Example: Stop loss at prev close - ATR, Target at 2x ATR)
Index - Alexander Elder's EMA of (change(close) * volume), shows crosses above 0 (green) and below 0 (red), and intermediate signals
-- Shows bull vs. bear interest/commitment/dominance
-- Elder recommends EMA length of 2 for daily chart buy/sell signals, and 13 for weekly chart bull/bear dominance & trend direction signals
-- Intermediate signals are shown above 0 when falling (salmon), or below 0 when rising (pale yellow)
System - Range columns are colored using Alexander Elder's censorship system (green: do not short, red: do not long, blue: is up to you)
-- Shows overall trend health (Macd histogram and EMA up/down changes)
Multi momentum indicatorScript contains couple momentum oscillators all in one pane
List of indicators:
RSI
Stochastic RSI
MACD
CCI
WaveTrend by LazyBear
MFI
Default active indicators are RSI and Stochastic RSI
Other indicators are disabled by default
RSI, StochRSI and MFI are modified to be bounded to range from 100 to -100. That's why overbought is 40 and 60 instead 70 and 80 while oversold -40 and -60 instead 30 and 20.
MACD and CCI as they are not bounded to 100 or 200 range, they are limited to 100 - -100 by default when activated (extras are simply hidden) but there is an option to show full indicator.
In settings there are couple more options like show crosses or show only histogram.
Default source for all indicators is close (except WaveTrend and MFI which use hlc3) and it could be changed but for all indicators.
There is an option for 2nd RSI which can be set for any timeframe and background calculated by Fibonacci levels.
Histogram Trends Strategy by SedkurThis gives to you buy-sell signal with MACD's histogram trends.
Use "Fast and Slow length" and "Trend of Histogram Number" inputs to take less or more signal.
"Trend of Histogram Number" : This means how many histogram bars the trend continues before trading.
MACD Strategy by SedkurThis gives to you buy-sell signal with MACD histogram value.
Use "Fast and Slow length" and "Buy or Sell Histogram Value" inputs to take less or more signal.
MAC-Z [ChuckBanger]Here I show the relationship between the MACD and Z-Score in a indicator called MAC-Z. MACD is short for moving average convergence/divergence and is in it self showing the relationship between two EMA. The Z-Score in contrast is related to Bollinger Bands and in MAC-Z the Z-score is the difference between the current price and a moving average divided by the standard deviation of price over the same time period.
MAC-Z has its best use in the short term time frames in my opinion compared to MACD. Here i show from current time of writing how effective it is.
More info on MAC-Z:
cssanalytics.wordpress.com
Also take a look at MACD Leader:
Derivative Oscillator Cu [ID: AC-P]The "AC-P" version of the Derivative Oscillator is my personal customized version of Constance Brown's Derivative Oscillator (using Everget's implementation of it as the base), with the the following modifications and additions:
VWAP Indication - option to show whether the price input option is above or below the Daily VWAP (red triangles = price input is below vwap, green triangles = price input is above vwap)
Bullish and Bearish phases from shayankm's Waddah Attar Explosion V2 () is included as indication dots (bullish = blue dots, bearish = yellow dots) below/above the Derivative Oscillator histogram
Coral Trend from Lazybear () is included as indication dots (red/green dots below/above the Derivative Oscillator histogram
Input source options for vwap, Waddah components (MACD, Bollinger Upper/Lower)
Centerline option for Coral trend, and Horizontal center option for the Derivative Oscillator with circle indication (optional - provided as option for flexibility in use with overlaying with other indicators)
This indicator is a hybrid, with a combination of leading indicators and lagging trending indicators combined into one. Specifically, a few of the other indicators I use are lacking in the momentum and trend department, and this is one of the indicators I use to address that:
VWAP provides trend information on lower timeframes from a high timeframe interval (D)
Coral Trend provides additional confirmation to VWAP trend wise, and is adjustable
Waddah Attar Explosion provides a third level of confirmation for trending moves, taking into account shorter and longer timeframes (FastEMA and SlowEMA parameters).
Script base for the Derivative Oscillator is credited to Everget () and LazyBear ().
Source attribution to Constance Brown for the Derivative Oscillator formula/indicator:
// Brown, Constance.
// Reference 1: “The Derivative Oscillator: a New Approach to an Old Problem,” Journal of Technical Analysis (Winter-Spring 1994) 45–61.
// Reference 2: Technical Analysis for the Trading Professional. New York, NY: McGraw-Hill, 1999.
Information on the Derivative Oscillator:
www.investopedia.com
Modified Stochastic MACD Oscillator - Vitali ApirineFor all MACD enthusiasts out there, hot off the press, I present this next generation "Modified Stochastic MACD Oscillator" employing PSv4.0, originally formulated by Vitali Apirine for TASC - November 2019 Traders Tips. Just when you may have thought it was the end of the evolutionary line for MACD technology, it's not! Basically it's a NEW hybridization of a MACD and stochastic rolled into one, maintaining scale symmetry to support overbought/oversold defined levels across time frames and assets, unlike the ordinary MACD. On the ordinary MACD, this is virtually impossible to do properly, and trust me, I have tried with zero success. My less than 40 line implementation, at initial release, is a heavily modified version of the original indicator using novel techniques, surpassing not only Apirine's original intended design, but also the "contemporary MACD" provided by TV, visible on the bottom of the chart.
Utilizing the "Power of Pine", I included the maximum amount of features I could surmise in an ultra small yet powerful package. I provided an abundance of control over each feature as an attempt to create another heavenly MACD experience in an open source package, only rivaled by my "Ultimate MACD Super Pack". Configurations are displayed above in multiple scenarios that should be suitable for most traders. Of notable mention, I rescaled the oscillator more towards a zero mean unity scale, while still leaving the waveforms completely intact.
Features List Includes:
Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting
AND much, much more... you have the source!
For those of you who are new to Pine Script, this script also may help you understand advanced programming techniques in Pine and how they may be utilized in a most effective manner. I would like to see Tradingview become the go to platform for the best MACD indicators attainable with this contribution to the TV community. This is commonly what my dense intricate code looks like behind the veil, and if you are wondering why there is no notes, that's because the notation is in the variable naming. If you wish to contribute additional ideas, please do so below in the comments about all things MACD in Pine.
NOTICE: Copy pasting bandits who may be having nefarious thoughts, DO NOT attempt this, because this may violate Tradingview's terms, conditions and/or house rules. "WE" are always watching the TV community vigilantly for mischievous behaviors and actions that exploit well intended authors for the purpose of unscrupulously increasing brownie points in reputation scores. Hiding behind a "protected" wall may not protect you from investigation and account penalization by TV staff. Be respectful, and don't just throw a meaningless feature in there branding it as "your" gizmo. Fair enough? Alrighty then... I firmly believe in "innovating" future state-of-the-art indicators, and please contact me if you wish to do so.
The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Schaff Trend Cycle [ChuckBanger]The Schaff Trend Cycle is a method, developed by Doug Schaff and based on the concept that trends also have repeating high and low patterns, or cycles. This is a modified MACD line, run through a modified stochastic algorithm and smoothed with Wilders’ smoothing in order to estimate the final Schaff Trend Cycle (STC) indicator. Its purpose is to identify the direction, in which a trend cycle is moving and possible peaks and bottoms within this cycle.
If this is interesting you should also take a look at MACD Leader:
For more info about Schaff Trend Cycle Indicator:
www.investopedia.com