Crypto Daily Levels + SMA Alerts (Non-Repainting)This is for paper trading purpose only.
Daily camarilla and cpr levels with 2 SMAs. fires alerts when ever the price touches the levels. still need to upgrade the code.
after long time use the alerts at the opening are flooding so need to fix it. please remove the indicator once per week and add freshly.
Średnie kroczące
Multi MAThis TradingView indicator displays four customizable moving averages on your price chart: two Exponential Moving Averages (EMAs) and two Simple Moving Averages (SMAs).
The default settings show a 10-period EMA (aqua), 21-period EMA (orange), 50-period SMA (green), and 200-period SMA (red), which are commonly used timeframes for trend analysis.
Each moving average can be individually toggled on or off, and their lengths and colors are fully adjustable through the indicator settings.
The EMAs react more quickly to price changes while the SMAs provide smoother, more gradual trend indicators, making this useful for identifying support/resistance levels and trend direction.
Traders often watch for crossovers between these moving averages as potential entry or exit signals, with the 50/200 SMA cross being particularly significant as the "golden cross" or "death cross."
PRO Triple+ Confirmation Overlay SignalsThis script uses the 200 SMA + RSI + MACD confirmations as buy and sell signals. It only give a signal if all three line up. works well for general market direction signals. It also has a higher time frame filter that will filter out 70%-90% of traps and counter trend signals. MACD momentum trigger times entries with momentum shifts. RSI confirmation as well as volume confirmation to remove entries in low volume dead markets.
EMA Stack Background HighlighterThis is a simple script that highlights my backround when my criteria for my context timeframe is met, specifically, price is above the 10 EMA, the 10 is above the 20, and the 20 is above the 50 for green and vice versa for red. I use this in a multi timeframe approach similar to mentfx's EVC criteria
Nifty Breakout Levels Strategy (v7 Hybrid)Nifty Breakout Levels Strategy (v7 Hybrid – Compounding from Start Date)
Instrument / TF: Designed for current-month NIFTY futures on 1-hour timeframe, with at most 1 trade per day.
Entry logic: Uses a 10-bar breakout box with a 0.3% buffer, plus EMA-based trend + proximity filter.
Longs: price in breakout-high zone, above EMA50/EMA200 and within proximityPts.
Shorts: price in breakout-low zone and strong downtrend (EMA10 < EMA20 < EMA50 < EMA200, price below EMA200).
Trades only when ATR(14) > atrTradeThresh and during regular hours (till 15:15).
Risk / exits: Stop loss is ATR-adaptive – max of slBasePoints (100 pts) and ATR * atrSLFactor; TP is fixed (tpPoints, e.g. 350 pts).
Longs have stepped trailing profit levels (100/150/200/250/320 pts) that lock in gains on pullbacks.
Shorts have trailing loss-reduction levels (80/120/140 pts) to cut improving losses.
Additional exit: 1H EMA50 2-bar reversal against the position, plus optional EOD flatten at 3:15 PM.
Compounding engine: From a chosen start date, equity is rebased to startCapital, and lot size scales dynamically as equity / capitalPerLot, with automatic lot reductions at three drawdown thresholds (ddCut1 / 2 / 3).
Automation: All entries and exits are exposed via alertconditions (long/short entry & exit) so the strategy can be connected to broker/webhook automation.
Directional Positional Option Selling Modelif you want to go dictional selling use it on 1 day or 4 hr chart
8 EMA Candle Color ChangeableJust a quick indicator that I threw together that shows the 8 EMA and changes the candle colors if the candle closes above or below the EMA.
SwRp - Multi Trapezoidal WMASwRp - Multi TWMA (TF-aware) shows up to five configurable Trapezoidal Weighted Moving Averages (TWMA) across a single pane. Each line supports an independent length, weighted taper percent, source (Close/Open/High/Low/H&L/H&L+HL2), optional band (High & Low) with fill, and a post-calculation smoothing option. The indicator is timeframe-aware: calculations can run on the chart timeframe or on a selected higher/lower timeframe. Designed to visualize dynamic support/resistance and the market’s weighted center across multiple horizons.
Mambo MA & HAMambo MA & HA is a combined trend-view indicator that overlays Heikin Ashi direction markers and up to eight customizable moving averages on any chart.
The goal is to give a clear, uncluttered visual summary of short-term and long-term trend direction using both regular chart data and Heikin Ashi structure.
This indicator displays:
Heikin Ashi (HA) directional markers on the chart timeframe
Optional Heikin Ashi markers from a second, higher timeframe
Up to eight different moving averages (SMA, EMA, SMMA/RMA, WMA, VWMA)
Adjustable colors and transparency for visual layering
Offset controls for HA markers to prevent overlap with price candles
It is designed for visual clarity without altering the underlying price candles.
Heikin Ashi Direction Markers (Chart Timeframe)
The indicator generates HA OHLC values internally and compares the HA open and close:
Green (bullish) HA candle → triangle-up marker plotted above the bar
Red (bearish) HA candle → triangle-down marker plotted above the bar
The triangles use soft pastel colors for minimal obstruction:
Up marker: light green (rgb 204, 232, 204)
Down marker: light red (rgb 255, 204, 204)
The “HA Offset (chart TF ticks)” input lets users shift the triangle vertically in price terms to avoid overlapping the real candles or MAs.
Heikin Ashi Markers from a Second Timeframe
An optional second timeframe (default: 60m) shows additional HA direction:
Green HA (higher timeframe) → tiny triangle-up below the bar
Red HA (higher timeframe) → tiny triangle-down below the bar
This allows a trader to see higher-timeframe HA structure without switching charts.
The offset for the second timeframe is independent (“HA Offset (extra TF ticks)”).
Custom Moving Averages (Up to Eight)
The indicator includes eight individually configurable MAs, each with:
On/off visibility toggle
MA type
SMA
EMA
SMMA / RMA
WMA
VWMA
Source
Length
Color (with preset 70% transparency for visual stacking)
The default MA lengths are: 10, 20, 50, 100, 150, 200, 250, 300.
All MA colors are slightly transparent by design to avoid obscuring price bars and HA markers.
Purpose of the Indicator
This tool provides a simple combined view of:
Immediate trend direction (chart-TF HA markers)
Higher-timeframe HA trend bias (extra-TF markers)
Overall moving-average structure from short to very long periods
It is particularly useful for:
Monitoring trend continuation vs. reversal
Confirming entries with multi-TF Heikin Ashi direction
Identifying pullbacks relative to layered moving averages
Viewing trend context without switching timeframes
There are no signals, alerts, or strategy components.
It is strictly a visual trend-context tool.
Key Features Summary
Two-timeframe Heikin Ashi direction
Separate offsets for HA markers
Eight fully configurable MAs
Clean color scheme with low opacity
Non-intrusive overlays
Compatible with all markets and chart types
SMA Close/High/Low with Input LengthCustom SMA Indicator on TradingView: Close, High, and Low
This TradingView Pine Script indicator plots three Simple Moving Averages (SMAs) on the main price chart using the closing, high, and low prices of the asset. Unlike a standard SMA that considers only the closing price, this indicator gives you insights into the average price behavior from three different perspectives simultaneously.
What It Does
Calculates a 20-period (default) SMA of the Closing price to show the average trend of closing prices.
Calculates a 20-period SMA of the High price to track the average upper price movement.
Calculates a 20-period SMA of the Low price to track the average lower price movement.
All three lines are overlaid on the price chart for easy comparison.
The SMA length is adjustable by the user via an input box, making the indicator versatile for different trading timeframes and strategies.
Bitcoin Buy-the-Dip + Bottom (Auto TF Swtich)This indicator is designed for friends who wish to invest in Bitcoin but are neither familiar with trading nor have the time/energy to learn it, helping them buy Bitcoin at the right timing.
It is intended only for daily , weekly , and monthly charts, and should be used as follows:
- In a bull market cycle: When Bitcoin’s price falls below the Dip line , allocate 25% of your position to buy Bitcoin.
- When the daily chart forms a clear lower low, it signals the transition from a bull market to a bear market.
- In a bear market cycle: When Bitcoin’s price drops below the Bottom line , consider deploying a large position to accumulate Bitcoin.
Wishing you all financial freedom—and To The Moon! 🚀
15m ORB Breakout NAS100 (5m Mgmt) v6 - OptimizedOpening Range Breakout Strategy
Buy and sell signals are given upon break of market session opening range. Best utilized for 30 minute NY opening range, managed on 5 min timeframe on NAS100. Tweak the settings for higher win rate on backtesting dashboard before implementing strategy.
Support/Resistance (OI) + 9/20 EMA//@version=6
indicator("Support/Resistance (OI) + 9/20 EMA", overlay=true)
ema9 = ta.ema(close, 9)
ema20 = ta.ema(close, 20)
plot(ema9, color=color.blue, linewidth=2, title="EMA 9")
plot(ema20, color=color.orange, linewidth=2, title="EMA 20")
// Update these levels daily based on your OI analysis
s1 = 25850
s2 = 25800
s3 = 25500
r1 = 26000
r2 = 25950
r3 = 26100
// Use hline for persistent horizontal levels
hline(s1, 'Support 1', color=color.green, linestyle=hline.style_dashed, linewidth=2)
hline(s2, 'Support 2', color=color.green, linestyle=hline.style_dashed, linewidth=2)
hline(s3, 'Support 3', color=color.green, linestyle=hline.style_dashed, linewidth=2)
hline(r1, 'Resistance 1', color=color.red, linestyle=hline.style_dashed, linewidth=2)
hline(r2, 'Resistance 2', color=color.red, linestyle=hline.style_dashed, linewidth=2)
hline(r3, 'Resistance 3', color=color.red, linestyle=hline.style_dashed, linewidth=2)
🤖 DarkPool's Omni-MA APEX v3 🤖DarkPool's Omni-MA APEX v3 is an all-encompassing technical analysis suite designed to replace multiple indicators with a single, highly optimized tool. At its core, it features five independently customizable "Omni-MAs" capable of running various calculation models (SMA, EMA, HMA, LSMA, etc.) across multiple timeframes.
Beyond standard trend lines, the APEX v3 integrates a sophisticated "Market Structure Engine" that automatically plots Support & Resistance zones based on pivot points and volatility (ATR). It also features a "Trend Cloud" to visualize macro sentiment and a professional-grade Dashboard that aggregates data from over 10 different sources (RSI, MACD, OBV, Volume, etc.) to provide a real-time health check of the asset.
Key Features
5-Layer Omni-MA System: Five distinct moving averages with "Smart Coloring" that detects trends, consolidations (flat markets), and reversals.
Auto Support & Resistance: A dynamic algorithm that draws, updates, and prunes liquidity zones on the chart automatically.
Macro Trend Cloud: A visual background fill comparing Daily and Weekly momentum to keep you aligned with the higher timeframe.
Data Dashboard: A customizable panel displaying real-time metrics for Momentum, Volume, RSI, Divergences, and VWAP status.
Signal Generator: Alerts for MA crossovers, S/R breakouts, and trend shifts.
How to Use
1. The Omni-MAs (The Lines) The indicator plots up to five lines, color-coded for instant trend recognition:
Green/Blue: Price is above the previous value (Uptrend).
Red/Maroon: Price is below the previous value (Downtrend).
Gray: The line is flat (Consolidation/Chop).
MA 1-2 (Fast): Use these for entry triggers and scalping.
MA 3 (Medium): The "Anchor" line, often used as dynamic support.
MA 4-5 (Slow): The macro trend filters. If price is below MA 5, looking for longs is risky.
2. The Trend Cloud
Background Fill: This visualizes the difference between the Daily EMA and Weekly EMA.
Green Cloud: The Daily trend is above the Weekly trend (Strong Bullish Market).
Red Cloud: The Daily trend is below the Weekly trend (Strong Bearish Market).
3. Support & Resistance Zones
The Boxes: The script identifies pivot points and projects them forward as boxes.
Strategy: Watch for price to react at these zones. If a candle closes through a zone, it signals a Breakout (Green triangle) or Breakdown (Red triangle).
4. The Dashboard Located in the corner of your chart, this table provides a "Cockpit View" of the market:
Momentum Score: A composite score (-100 to +100) derived from RSI, MACD, and Stochastic.
Vol Ratio: Compares current volume to the average. A green bar indicates volume is higher than usual.
Market State: Classifies the market into regimes like "Volatile Bull," "Quiet Bear," or "Ranging."
Configuration Settings
Dashboard UI
Compact Mode: Reduces the table to show only the final Buy/Sell signal.
Active Widgets: Toggle individual data points (e.g., turn off "OBV" or "ADX" if you don't use them) to save screen space.
Global Analysis (Strategy Engine)
ATR Filter: Filters out "Weak" trends. If the price movement is too small (low volatility), signals are suppressed.
Volume MA: Sets the lookback period for calculating relative volume.
Support & Resistance
Pivot Sensitivity: Lower numbers find more zones (more noise); higher numbers find fewer, stronger zones.
Zone Width: Multiplies the ATR to determine how thick the S/R boxes should be.
MA Settings (1-5)
Type: Choose from SMA, EMA, WMA, HMA (Hull), VWMA, LSMA, ALMA, and more.
Timeframe: You can set MA 5 to "D" (Daily) while trading on a 15-minute chart to see the daily trend line overlaid.
Disclaimer This indicator is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a guarantee of future results.
💀 DarkPool's Moving Averages 💀DarkPool's Moving Averages is a consolidated trend analysis tool that allows traders to plot up to five distinct moving averages (MAs) within a single indicator pane. This script is designed to declutter trading charts by replacing multiple individual indicator instances with one comprehensive solution.
Beyond standard plotting, the indicator features Multi-Timeframe (MTF) capabilities, allowing users to overlay higher-timeframe trends (e.g., Daily or Weekly averages) onto lower-timeframe charts (e.g., 5-minute or 1-hour). It also utilizes dynamic color-coding to visually indicate instantaneous trend direction based on the slope of the moving average.
Key Features
5-in-1 Architecture: Configure and toggle up to five independent moving averages simultaneously.
Multi-Timeframe (MTF) Support: Calculate moving averages based on timeframes different from the current chart (e.g., view a 200-day EMA while trading on a 15-minute chart).
Dynamic Trend Coloring: Lines automatically change color based on their slope (rising vs. falling) to provide immediate visual trend confirmation.
Versatile Calculation Models: Supports major averaging methods including SMA, EMA, WMA, RMA, VWMA, and HMA.
How to Use
1. Trend Identification The primary use of this tool is to identify the market trend direction at a glance.
Bullish Trend: When the Moving Average line is colored in the "Bullish Color" (default: dark/green tones) and sloping upward.
Bearish Trend: When the Moving Average line is colored in the "Bearish Color" (default: light/red tones) and sloping downward.
2. Dynamic Support and Resistance Traders can use specific lengths (e.g., 50, 100, 200) to identify dynamic support and resistance levels.
Entry: In an uptrend, price retracing to a rising MA often presents a buying opportunity.
Exit: In a downtrend, price rallying to a falling MA often presents a selling opportunity.
3. The "Ribbon" Effect By enabling multiple MAs with sequential lengths (e.g., 10, 20, 50, 100, 200), traders can visualize the strength of the trend.
Expansion: When the lines spread apart, the trend is strengthening.
Contraction/Crossover: When the lines converge or cross, the trend is weakening or consolidating.
4. Multi-Timeframe Analysis Use the "Timeframe" input in the General Settings to lock the calculations to a specific period.
Example: Set the Timeframe to "D" (Daily) and the Length to 200. You can now drop down to a 5-minute chart, and the indicator will still display the significant 200-Day Moving Average, acting as a major anchor for intraday price action.
Configuration Guide
General Settings
Timeframe: Determines the data source for all MAs. Leave at default to use the current chart's timeframe, or select a specific higher timeframe for macro analysis.
Price Source: Selects the data point used for calculation (Close, Open, High, Low, etc.).
Moving Average Configurations (MA1 - MA5) Each of the five slots allows for individual customization:
Enable: Toggle the visibility of the specific MA.
Type: Select the calculation method.
SMA: Simple Moving Average (Standard).
EMA: Exponential Moving Average (Weight on recent data).
HMA: Hull Moving Average (Reduced lag).
VWMA: Volume Weighted Moving Average.
WMA/RMA: Weighted and Rolling Moving Averages.
Note: While many types are listed, the script explicitly calculates the types listed above; others may default to standard SMA behavior.
Length: The lookback period (e.g., 20, 50, 200).
Colors (Bull/Bear): Customize the colors used when the line is rising versus falling.
Line Style: Choose between Solid, Dashed, or Dotted lines to differentiate between the five MAs.
Disclaimer: This indicator is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a guarantee of future results.
1D & 1W Institutional Trend The 1D & 1W Institutional Trend is a multi-timeframe (MTF) trend-following system designed to align traders with major "macro" market moves. Instead of relying on noisy intraday data, this indicator pulls data from the Daily (1D) and Weekly (1W) timeframes to construct a robust trend baseline, regardless of the chart timeframe you are currently viewing.
The core logic is based on the interaction between a Fast Institutional EMA (Daily) and a Slow Institutional EMA (Weekly). When the Daily trend crosses above the Weekly trend, it signals a significant shift in market structure. To ensure signal quality, the script incorporates a "Smart Filter" engine that checks for Momentum (RSI) and Volatility (ATR) before generating entry signals, preventing trades during exhausted or dead markets.
Key Features
Multi-Timeframe Engine: Projects Daily and Weekly moving averages onto lower timeframe charts (e.g., 1H or 4H) to show the "Big Picture."
Non-Repainting Logic: Utilizes closed-bar data to ensure that historical signals match live trading conditions strictly.
Algorithmic Filtering:
Momentum Filter: Rejects Buy signals if RSI is overbought and Sell signals if RSI is oversold.
Volatility Filter: Rejects signals during low-volatility "compression" zones using ATR.
Institutional Dashboard: A data panel tracking the macro trend status, trend strength (Spread %), and filter conditions.
How to Use
1. The Trend Cloud The visual core of the indicator is the "Cloud" formed between the two Moving Averages.
Green Cloud: The Daily Average is above the Weekly Average. The macro trend is Bullish. Look for long positions.
Red Cloud: The Daily Average is below the Weekly Average. The macro trend is Bearish. Look for short positions.
The Midline: The gray line represents the "Fair Value" price between the two timeframes. It often acts as dynamic support or resistance during a trend.
2. Signal Triangles Discrete shapes appear only when a crossover is confirmed AND all filters are met.
Up Triangle: Confirmed Bullish Crossover (Daily crosses over Weekly) + RSI is not overbought + Volatility is active.
Down Triangle: Confirmed Bearish Crossover (Daily crosses under Weekly) + RSI is not oversold + Volatility is active.
3. The Dashboard Located in the bottom right, this table provides a health check of the current trend:
Macro Trend: Displays BULLISH or BEARISH based on the cloud direction.
Trend Spread %: Measures the distance between the two EMAs. A widening percentage indicates a strengthening trend, while a narrowing percentage suggests momentum loss.
RSI Condition: Displays "SAFE" (good to trade) or "EXTENDED" (too risky).
Volatility: Displays "EXPANSION" (good movement) or "COMPRESSION" (flat market).
4. Timeframe Rules Because this indicator uses Daily and Weekly data, your chart timeframe must be lower than the Fast Trend Timeframe.
Correct: Viewing a 1-Hour chart with 1D/1W settings.
Incorrect: Viewing a Weekly chart with 1D/1W settings (this will trigger an error message on the screen).
Disclaimer: This indicator is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a guarantee of future results.
Displacement Intelligence Channel (DIC) @darshaksscThe Displacement Intelligence Channel (DIC) is a clean, minimal, non-repainting analytical tool designed to help traders observe how price behaves around its dynamic equilibrium.
It does not generate buy/sell signals, does not predict future price movement, and should not be interpreted as financial advice.
All calculations are based strictly on confirmed historical bars.
⭐ What This Indicator Does
Price constantly fluctuates between expansion (large moves) and compression (small moves).
The DIC analyzes these changes through:
Displacement (how far price moves per bar)
ATR response (how volatility reacts over time)
Dynamic width calculation (channel widens or tightens as volatility changes)
EMA-based core midline (a smooth equilibrium reference)
The result is a smart two-line channel that adapts to market conditions without cluttering the chart.
This is NOT a fair value gap, moving average ribbon, or premium/discount model.
It is a purely mathematical displacement-ATR engine.
⭐ How It Works
The indicator builds three elements:
1. Intelligence Midline
A smooth EMA that acts as the channel’s core “equilibrium.”
It gives a stable reference of where price is gravitating during the current session or trend.
2. Adaptive Upper Boundary
Calculated using displacement + ATR.
When volatility increases, the channel expands outward.
When volatility compresses, the channel tightens.
3. Adaptive Lower Boundary
Mirrors the upper boundary.
Also expands and contracts based on market conditions.
All lines update only on confirmed bar closes, keeping the script non-repainting.
⭐ What to Look For (Purely Analytical)
This indicator does not imply trend continuation, reversal, or breakout.
Instead, here’s what traders typically observe:
1. Price Reactions Around the Midline
Price often oscillates around the midline during equilibrium phases.
Strong deviation from the midline highlights expansion or momentum phases.
2. Channel Expansion / Contraction
Wider channel → increased volatility, displacement, and uncertainty
Tighter channel → compression and calm conditions
Traders may use this for context only — not for decision-making.
3. Respect of Channel Boundary
When market structure respects the upper/lower channel lines, it simply indicates volatility boundaries, not overbought/oversold conditions.
⭐ How to Add This Indicator
Open TradingView
Select any chart
Click Indicators → Invite-Only Scripts / My Scripts
Choose “Displacement Intelligence Channel (DIC)”
The channel will appear automatically on the chart
⭐ Recommended Settings (Optional)
These settings do not change signals (because the indicator has none).
They only adjust sensitivity:
Center EMA Length (default 34)
Smoother or faster midline
Displacement Lookback (default 21)
Controls how much recent displacement affects width
ATR Lookback (default 21)
Governs how volatility is interpreted
Min/Max Multipliers
Limits how tight or wide the channel can expand
Adjust them cautiously for different timeframes or asset classes.
⭐ Important Notes
This tool is non-repainting
It does not use future data
It does not repaint previous channel widths
It follows TradingView House Rules
It contains no signals, no alerts, and no predictions
The DIC is designed for visual context only and should be used as an analytical overlay, not as a stand-alone decision tool.
⭐ Disclaimer
This script is strictly for informational and educational purposes only.
It does not provide or imply any trading signals, financial advice, or expected outcomes.
Always do your own research and consult a licensed financial professional before making trading decisions.
Multi EMA and SMA with VWAP Indicator📊 Custom Multi-MA & VWAP Indicator
A comprehensive and fully customizable moving average indicator that combines 6 Exponential Moving Averages (EMAs), 3 Simple Moving Averages (SMAs), and VWAP in one clean, easy-to-use tool.
✨ Features:
6 Configurable EMAs:
• Default periods: 9, 21, 50, 100, 150, 200
• Fully adjustable lengths
• Individual color customization
• Show/hide toggles for each EMA
3 Configurable SMAs:
• Default periods: 20, 50, 100
• Fully adjustable lengths
• Individual color customization
• Show/hide toggles for each SMA
• Thicker lines for easy distinction from EMAs
VWAP (Volume Weighted Average Price):
• Toggle on/off
• Customizable color and line width
• Essential for intraday trading and institutional levels
🎯 Use Cases:
• Trend identification and confirmation
• Support and resistance levels
• Entry and exit signals
• Multi-timeframe analysis
• Day trading and swing trading strategies
• Institutional price levels (VWAP)
⚙️ Fully Customizable:
Every aspect of this indicator is configurable through the settings panel:
• Adjust any MA period to fit your trading strategy
• Choose your preferred colors for better chart visualization
• Enable/disable specific MAs to reduce chart clutter
• Customize VWAP line thickness
📈 Perfect For:
• Traders who use multiple moving averages in their strategy
• Those seeking an all-in-one MA solution
• Clean chart organization with one indicator instead of multiple
• Both beginners and experienced traders
💡 Tips:
• Use shorter EMAs (9, 21) for quick trend changes
• Longer EMAs (100, 150, 200) act as strong support/resistance
• VWAP is particularly useful for intraday trading
• Customize colors to match your chart theme
Version: Pine Script v6
Overlay: Yes (plots directly on price chart)
UM Nadaraya-Watson OscillatorDescription
This is a different take on the Nadaraya-Watson Estimator from both Jdhorty and LuxAlgo. Both great scripts, I encourage everyone to check them out. Think of this script as a measure of trend direction, direction change, and trend acceleration or deceleration. It is not a Moving Average, but you could think of it as loosely as an intelligent adaptive regression curve with the focus on trend direction. The Gaussian calculations prefer and add more weight to the most recent bars. The end result is the oscillator is more responsive with less lag and less prone to pure price noise.
How it Works
The indicator was added to the chart twice; once with an MA, once without. The oscillator indicates trend change by crossing up through the zero line or down through the zero line. Once the indicator turns positive, we are in a positive trend until it crosses below zero and then the trend turns negative. I implemented a Moving Average overlay for additional signal determination; if the configured MA (EMA, SMA, WMA, or Nadaraya-Watson Estimator) trends higher, it is green. When trending down, it is red. The indicator also changes the color of the price bars; when the indicator below zero and red, the price bars are red. When the indicator is above zero and green, the price bars are green.
I marked up the chart and indicator to identify LONG, SHORT, and divergences between price and oscillator.
Default Settings
The default settings are 16 for Bandwidth and a WMA with 110. This is shown in the chart example. There directional arrows, but they are off by default. The Price bars are colored green or red to match the oscillator and the bar coloring is on by default.
All settings are user-configurable including bandwidth, MA type, MA length, bar coloring, and arrows.
Suggested Settings and uses
I personally like the 30 min chart with a bandwidth of 16 and a WMA of 110. The bandwidth 8 and 8 period EMA or WMA also work well on 6 hour and daily charts. Add this to your chart arsenal and use your favorite indicators for confirmation. This indicator works well on the 30 minute chart for inverse ETFs as well (SQQQ, SOXS, TZA). Also, the oscillator is good for identifying divergences between price and and indicator. (see chart for illustration)
Experiment with settings and adapt them to your trading style.
Alerts
If you right click the indicator, and select add alert, I have configured 4 standard alerts: A bullish cross above zero, A bearish cross below zero, An MA bullish turned up to trend higher, (green), and an MA bearish turned down to trend lower (red).
TR-ATR-DATR+MAs shows the Range of selected Candle + 3 Moving Averages
True Range
Avg True Range
Daily Range
