The Trend Analysis Indicator was created by Adam White (Stocks & Commodities V. 10:8 (358-360)) and this is not to be confused with the Trend Analysis Index which was also created by Adam White. The stock is trending when it is above the signal and loses steam when it falls below the signal. Generally you should buy when it is above it's signal and sell when it...
Hello Traders, I think you all know Donchian Channels. so I am not going to write about it. With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels. How it works ? - it calculates main trend direction by using the length that is user-defined. so you can change it as you wish - then it calculates trend direction for each 9 lower...
Hello All, I think all of you knows Donchian Channels . so I am not going to write about it. With this indicator I tried to create Trend Lines by using Donchian Channel upper/lower bands. I tried add possible entry levels as well. How it works ? - it calculates main trend direction by using the length that is user-defined. so you can change it as you...
The Trend Exhaustion Indicator is a custom indicator of mine that is loosely based on the Trend Exhaustion Index created by Clifford L. Creel Ph.D. (Stocks & Commodities V. 9:1 (9-11)) This indicator will let you know the trend reversal points and when it falls below the signal line then the trend is ending vice versa. Buy when the indicator crosses above the...
This is my first custom indicator that I created as a medium to long term trend indicator. Buy if it is above 0 and sell if it is below 0. Since this is my first unique indicator, I would love to hear your feedback! Please let me know if you would like to see any other scripts!
The Demand Oscillator was created by James Sibbet (Stocks & Commodities June, 1986) and I changed his formula quite a bit to what you see on here. If it rises above the signal then buy or if not then sell. This is my custom version of his formula so let me know what you think. Let me know if you would like to see me write any other scripts!
Hello All, There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more. The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower...
Hello All, This is Moving Averages Trend Following 3D indicator. The idea is based on direction of MAs and relation between 20 moving averages (5 to 100 period). Option to show different type of MAs: EMA, SMA, RMA, WMA, VWMA. As I haved tested it looks succesful at calculating trend direction and trend strength. For a better look I tried to make it 3D, it...
Developed by Robert Krausz, the Gann Trend Oscillator is a trend-following indicator used to determine the financial instruments long-term price direction.
Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator. It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend...
The strategy checks nature of the instruments. It Buys if the close is greater than yesterday's high, reverse the position if the close is lower than yesterday's low and repeat the process. 1. If it is trend following then the equity curve will be in uptrend 2. If it is mean reverting then the equity curve will be downtrend Thanks to Rayner Teo.
Simple Pivot Reversal Strategy with some adding settings. Date Range: To test over specific market conditions. Initial Capitol: $10K - This is a more realistic representation of funds used this strategy (for me anyway). The default of $100K can give different results (usually better) than when using a smaller balance. Order Size: 100% Equity - These trend...
This is a multi-currency-pair trend reversal widget, which picks currency pairs by overbought/oversold level and can be used in pair trading strategy. It shows tradable currency pairs as well as anticipates corresponding trend direction. Currency pairs (CPs) are ordered by importance. The first 5 CPs are highlighted (with blue bars) as majors. The additional 5 CPs...
Here's a simple tool for determining long term trend direction using two Volume Weighted Moving Averages (VWMA). The VWMA's emphasis on volume often makes it a better measurement for trend direction than the more popular Exponential Moving Average (EMA). Trend direction is determined by comparing a fast and slow VWMA. The default length for the fast VWMA is 50...
Though it may sound complex, the Vortex Indicator is essentially an uptrend line and a downtrend line. The vortex indicator can be used for a variety of purposes, including tracking the strength of trends, identifying/anticipating reversals, and generating entry/exit signals. It’s calculation is shown in the open-source code below. To reduce the number of...
Volume Impact (The area) Average Volume (The thick line, xTrigger) Volume Impact = Volume Chance - Average Volume It provides very reliable buy sell signals. Buy(green) when increasing, sell(red) when decreasing. Volume Impact might drop before the actual price so it has an early warning potential. Before trend changes volume average diverges from the prices....
Script used to identify the 2 week high and low. This helps in identifying trend reversals.
This indicator was originally developed by Donald Dorsey (Stocks & Commodities, V.10:6 (June, 1992): "The Mass Index"). Specially for @AlexMayorov : If indicator reaches 27 and then falls to below 26.5 then it could be a signal of potential trend reversal.