TheSandyBanana
TheSandyBanana is a comprehensive trading indicator designed for various asset classes. It combines multiple technical analysis tools to provide buy and sell signals, aiding traders in making informed decisions. This script is suitable for traders who prefer a combination of trend-following and momentum strategies.
Features:
RSI-Based Signals: Utilizes a modified Relative Strength Index (RSI) with an extended period of 200 bars for smoothing, providing a less reactive but more stable momentum indicator.
RSI EMA: Applies an Exponential Moving Average (EMA) with a 100-bar period to the RSI, further smoothing the RSI and aiding in the identification of longer-term momentum trends.
ATR for Volatility Analysis: Employs the Average True Range (ATR) over a 100-bar period, adjusted with a multiplier of 1. This is used to gauge market volatility and filter signals based on market dynamics.
Peak and Trough Detection: Detects peaks and troughs in the RSI EMA using refined logic and a lookback period of 33 bars, helping in pinpointing potential reversal points.
Dynamic Buy and Sell Signals: Generates buy signals when a trough is identified, and the RSI is below 50, indicating potential upward momentum. Sell signals are generated at peaks when the RSI is above 50, suggesting possible downward momentum.
333-Period EMA: Features a long-term 3333-period EMA, plotted on the chart for trend analysis and potential dynamic support or resistance levels.
Alert Conditions: Includes conditions for buy and sell alerts, making it easier for traders to be notified of potential trading opportunities.
Usage:
This indicator is best suited for traders looking for a blend of trend and momentum analysis. The extended periods used in RSI and EMA calculations make this indicator more suitable for medium to long-term trading strategies. Traders should consider combining this indicator with other forms of analysis (like fundamental analysis or additional technical indicators) for comprehensive trading strategies.
Disclaimer:
Trading involves risk. This script is provided for informational purposes only and should not be considered as financial advice. Traders should always conduct their own due diligence and use the script in a simulated environment before applying it to live trading.
Features:
RSI-Based Signals: Utilizes a modified Relative Strength Index (RSI) with an extended period of 200 bars for smoothing, providing a less reactive but more stable momentum indicator.
RSI EMA: Applies an Exponential Moving Average (EMA) with a 100-bar period to the RSI, further smoothing the RSI and aiding in the identification of longer-term momentum trends.
ATR for Volatility Analysis: Employs the Average True Range (ATR) over a 100-bar period, adjusted with a multiplier of 1. This is used to gauge market volatility and filter signals based on market dynamics.
Peak and Trough Detection: Detects peaks and troughs in the RSI EMA using refined logic and a lookback period of 33 bars, helping in pinpointing potential reversal points.
Dynamic Buy and Sell Signals: Generates buy signals when a trough is identified, and the RSI is below 50, indicating potential upward momentum. Sell signals are generated at peaks when the RSI is above 50, suggesting possible downward momentum.
333-Period EMA: Features a long-term 3333-period EMA, plotted on the chart for trend analysis and potential dynamic support or resistance levels.
Alert Conditions: Includes conditions for buy and sell alerts, making it easier for traders to be notified of potential trading opportunities.
Usage:
This indicator is best suited for traders looking for a blend of trend and momentum analysis. The extended periods used in RSI and EMA calculations make this indicator more suitable for medium to long-term trading strategies. Traders should consider combining this indicator with other forms of analysis (like fundamental analysis or additional technical indicators) for comprehensive trading strategies.
Disclaimer:
Trading involves risk. This script is provided for informational purposes only and should not be considered as financial advice. Traders should always conduct their own due diligence and use the script in a simulated environment before applying it to live trading.
Notas de prensa:
TheSandyBanana is a comprehensive trading indicator designed for various asset classes. It combines multiple technical analysis tools to provide buy and sell signals, aiding traders in making informed decisions. This script is suitable for traders who prefer a combination of trend-following and momentum strategies.
Features:
RSI-Based Signals: Utilizes a modified Relative Strength Index (RSI) with an extended period of 200 bars for smoothing, providing a less reactive but more stable momentum indicator.
RSI EMA: Applies an Exponential Moving Average (EMA) with a 100-bar period to the RSI, further smoothing the RSI and aiding in the identification of longer-term momentum trends.
ATR for Volatility Analysis: Employs the Average True Range (ATR) over a 100-bar period, adjusted with a multiplier of 1. This is used to gauge market volatility and filter signals based on market dynamics.
Peak and Trough Detection: Detects peaks and troughs in the RSI EMA using refined logic and a lookback period of 33 bars, helping in pinpointing potential reversal points.
Dynamic Buy and Sell Signals: Generates buy signals when a trough is identified, and the RSI is below 50, indicating potential upward momentum. Sell signals are generated at peaks when the RSI is above 50, suggesting possible downward momentum.
Alert Conditions: Includes conditions for buy and sell alerts, making it easier for traders to be notified of potential trading opportunities.
Usage:
This indicator is best suited for traders looking for a blend of trend and momentum analysis. The extended periods used in RSI and EMA calculations make this indicator more suitable for medium to long-term trading strategies. Traders should consider combining this indicator with other forms of analysis (like fundamental analysis or additional technical indicators) for comprehensive trading strategies.
Disclaimer:
Trading involves risk. This script is provided for informational purposes only and should not be considered as financial advice. Traders should always conduct their own due diligence and use the script in a simulated environment before applying it to live trading.
Features:
RSI-Based Signals: Utilizes a modified Relative Strength Index (RSI) with an extended period of 200 bars for smoothing, providing a less reactive but more stable momentum indicator.
RSI EMA: Applies an Exponential Moving Average (EMA) with a 100-bar period to the RSI, further smoothing the RSI and aiding in the identification of longer-term momentum trends.
ATR for Volatility Analysis: Employs the Average True Range (ATR) over a 100-bar period, adjusted with a multiplier of 1. This is used to gauge market volatility and filter signals based on market dynamics.
Peak and Trough Detection: Detects peaks and troughs in the RSI EMA using refined logic and a lookback period of 33 bars, helping in pinpointing potential reversal points.
Dynamic Buy and Sell Signals: Generates buy signals when a trough is identified, and the RSI is below 50, indicating potential upward momentum. Sell signals are generated at peaks when the RSI is above 50, suggesting possible downward momentum.
Alert Conditions: Includes conditions for buy and sell alerts, making it easier for traders to be notified of potential trading opportunities.
Usage:
This indicator is best suited for traders looking for a blend of trend and momentum analysis. The extended periods used in RSI and EMA calculations make this indicator more suitable for medium to long-term trading strategies. Traders should consider combining this indicator with other forms of analysis (like fundamental analysis or additional technical indicators) for comprehensive trading strategies.
Disclaimer:
Trading involves risk. This script is provided for informational purposes only and should not be considered as financial advice. Traders should always conduct their own due diligence and use the script in a simulated environment before applying it to live trading.
Notas de prensa:
New and improved
Notas de prensa:
Added backtesting
Notas de prensa:
no buys under ema
Notas de prensa:
Added checkbox for ema filter
Notas de prensa:
Added RSI hard sell
Notas de prensa:
Updated default settings
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fix
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update
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update
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Added reason plotting
Notas de prensa:
updated colors
Notas de prensa:
Added buy if % rise after sell
Notas de prensa:
small update
Notas de prensa:
fixed small rsi filter bug
Notas de prensa:
bug fix
Notas de prensa:
improved peak and valley detection
Notas de prensa:
clean up code
Notas de prensa:
update
Notas de prensa:
cleaned up code
Notas de prensa:
update
Notas de prensa:
updated sma filter
Notas de prensa:
updated defualts
Notas de prensa:
updated defaults
Notas de prensa:
working on valley detection
Notas de prensa:
update
Notas de prensa:
update
Notas de prensa:
improved sma filter
Notas de prensa:
updated filter
Notas de prensa:
revert
Notas de prensa:
updated order and colors
Notas de prensa:
add percent gain to chart indicator
Notas de prensa:
updated buy trigger
Notas de prensa:
update
Notas de prensa:
cleaned up code
Notas de prensa:
updated defaults
Notas de prensa:
cleaned up code
Notas de prensa:
updated backtesting
Notas de prensa:
added compound gain reporting
Notas de prensa:
cleaned up code
Notas de prensa:
moved table to bottom
Notas de prensa:
allow decimals for rsi rise and decrease settings
Notas de prensa:
Updated reporting for days instead of trades
Notas de prensa:
fixed bug
Notas de prensa:
bug fix
Notas de prensa:
fixed bug
Notas de prensa:
added in trading fees a multiplied everything all inputs by 10 to make them easier to manipulate decimals
Notas de prensa:
small update
Notas de prensa:
update
Notas de prensa:
small update
Notas de prensa:
small update
Notas de prensa:
small update
Notas de prensa:
small update to hard sell
Notas de prensa:
Added Hard Sell cross type
Notas de prensa:
Added different threshholds for uptrends and downtrends