MACD with SAR Indicator [CHE] MACD with SAR Indicator
Introduction
"The whole is greater than the sum of its parts. " The "MACD with SAR Indicator" is an innovative technical analysis tool that combines the strengths of the Moving Average Convergence Divergence (MACD) indicator with the Parabolic Stop and Reverse (SAR) indicator. This indicator provides traders with an enhanced method to detect trend changes and determine optimal entry and exit points in the market by using the SAR based on the MACD line to better identify reversal points. The combination generates clear trend reversal signals, which are visually represented through long (L) and short (S) signals on the chart.
Originality and Usefulness
This indicator differs from traditional MACD or SAR indicators by combining the trend-following calculations of the SAR with the trend strength and momentum calculations of the MACD. This enables a more precise identification of trend changes and provides clear buy and sell signals, which is particularly useful for manual traders.
Key Features and Functionality
1. Combination of MACD and SAR
- Why this Combination?: The MACD is known for its ability to measure the strength and direction of a trend, while the SAR is specifically designed to identify reversal points. By combining these two indicators, traders can better understand both the trend strength and potential turning points in the market.
- How Components Work Together: The MACD measures the difference between fast and slow moving averages, indicating market momentum. The SAR follows the MACD line instead of the price and marks potential reversal points more accurately. When the MACD signals a new trend and the SAR confirms it, the indicator provides reliable trading opportunities.
2. Adjustable Parameters
- MACD Settings: Users can adjust the lengths of the fast and slow moving averages (default: 28 and 38 periods) and the signal smoothing (default: 9 periods) to tailor the indicator to different market conditions.
- SAR Settings: Users can adjust the start value (default: 0.01), increment (default: 0.01), and maximum value (default: 0.18) of the SAR to control sensitivity and responsiveness.
3. Visual Representation and Signals
- Color-Coded Histograms: The histogram shows the difference between the MACD and signal line and is color-coded to highlight the direction of the trend.
- Signal Labels: The indicator automatically adds "L" (Long) and "S" (Short) labels on the chart to show the current positions to traders.
4. Alert Settings
- Custom Alerts: Alerts can be set to notify traders when the MACD and SAR experience significant state changes, such as when the histogram switches from rising to falling or vice versa.
5. Toggle Display
- Display Mode: Users can toggle the display of the MACD_SAR oscillator and MACD to focus on the information most relevant to their trading strategy.
Application and Benefits
- Versatility: This indicator can be used in various market conditions and for different trading strategies, including trend following and reversal trading.
- Ease of Interpretation: The clear visual representation and automatic signals make it easier for traders to identify trading opportunities and track trends.
- Customizability: With numerous settings options, the indicator can be tailored to individual preferences and specific market conditions.
Conclusion
The "MACD with SAR Indicator" is a valuable tool for traders seeking precise and reliable signals to identify market trends and make profitable trading decisions. With its extensive customization options, powerful features, and the ability to toggle displays, this indicator provides excellent support for technical analysis.
By emphasizing the synergy between the MACD and SAR indicators, highlighting the default settings, and clarifying that the SAR is based on the MACD line and generates clear trend reversal signals through long and short labels, this revised description should help users understand the functionalities and advantages of your indicator while meeting TradingView's publication requirements.
Best regards Chervolino
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Super IndicatorOverview of the Combined Indicator
This combined indicator leverages three major technical analysis tools:
Bollinger Bands
Linear Regression Channels
Scalping Strategy Indicators (RSI, MACD, SMA)
Each of these tools provides unique insights into market conditions, and their integration offers a comprehensive view of price movements, trends, and potential trading signals.
1. Bollinger Bands
Purpose:
Bollinger Bands are used to measure market volatility and identify overbought or oversold conditions.
Components:
Basis (Middle Band): Typically a 20-period Simple Moving Average (SMA).
Upper Band: Basis + (2 * Standard Deviation).
Lower Band: Basis - (2 * Standard Deviation).
Why They Complement:
Bollinger Bands expand and contract based on market volatility. When the bands are narrow, it indicates low volatility and potential for a significant move. Wide bands indicate high volatility. This helps traders gauge the strength of market moves and potential reversals.
2. Linear Regression Channels
Purpose:
Linear Regression Channels identify the overall trend direction and measure deviation from the mean price over a specific period.
Components:
Middle Line (Linear Regression Line): The line of best fit through the price data over a specified period.
Upper and Lower Lines: Channels created by adding/subtracting a multiple of the standard deviation or another deviation measure from the regression line.
Why They Complement:
Linear Regression Channels provide a clear visual representation of the trend direction and the range within which prices typically fluctuate. This can help traders identify trend continuations and reversals, making it easier to spot entry and exit points.
3. Scalping Strategy Indicators
Purpose:
The RSI, MACD, and SMA are used to generate short-term buy and sell signals, which are essential for scalping strategies aimed at capturing quick profits from small price movements.
Components:
RSI (Relative Strength Index): Measures the speed and change of price movements, typically over 14 periods. It helps identify overbought and oversold conditions.
MACD (Moving Average Convergence Divergence): Consists of the MACD line, Signal line, and histogram. It helps identify changes in the strength, direction, momentum, and duration of a trend.
SMA (Simple Moving Average): The average price over a specified period, used to smooth out price data and identify trends.
Why They Complement:
These indicators provide short-term signals that can confirm or refute the signals given by Bollinger Bands and Linear Regression Channels. For example, a buy signal might be more reliable if the price is near the lower Bollinger Band and the MACD crosses above its signal line.
How They Work Together
Scenario 1: Confirming Trend Continuations
Bollinger Bands: Price staying near the upper band suggests a strong uptrend.
Linear Regression Channels: Price staying above the middle line confirms the uptrend.
5-Minute Scalping Strategy: RSI not in overbought territory, and MACD showing bullish momentum confirms continuation.
Scenario 2: Identifying Reversals
Bollinger Bands: Price touching or moving outside the lower band suggests oversold conditions.
Linear Regression Channels: Price at the lower channel line indicates potential support.
5-Minute Scalping Strategy: RSI in oversold territory, and MACD showing a bullish crossover indicates a reversal.
Scenario 3: Volatility Breakouts
Bollinger Bands: Bands contracting indicates low volatility and potential breakout.
Linear Regression Channels: Price moving away from the middle line signals potential breakout direction.
Scalping Strategy: MACD and RSI confirming the breakout direction for entry.
Input Parameters:
Define settings for Bollinger Bands, Linear Regression Channels, and the scalping strategy.
Allow users to customize lengths, multipliers, and colors.
Bollinger Bands Calculation:
Calculate the basis (SMA) and standard deviation.
Derive the upper and lower bands from the basis and standard deviation.
Linear Regression Channel Calculation:
Compute the slope, average, and intercept of the linear regression line.
Calculate deviations to plot upper and lower channel lines.
5-Minute Scalping Strategy:
Calculate RSI, MACD, and SMA for short-term trend analysis.
Define buy and sell conditions based on these indicators.
Plotting and Alerts:
Plot Bollinger Bands and Linear Regression Channels on the chart.
Plot buy and sell signals with shapes.
Set alerts for key conditions like exiting the regression channel bounds and trend switches.
Conclusion
By combining Bollinger Bands, Linear Regression Channels, and a 5-minute scalping strategy, this indicator offers a robust tool for traders. Bollinger Bands provide volatility insights, Linear Regression Channels highlight trend direction and potential reversals, and the scalping strategy offers precise entry and exit points. Together, these tools can enhance a trader's ability to make informed decisions in various market conditions.
Combined Indicator by rocky vermaThe combined indicator you've provided consists of three different indicator logics. Here's how to use it:
1. **Indicator 1: Trend Trader AVR Strategy**
- This indicator is based on the Trend Trader AVR Strategy.
- It uses three input parameters: `Length1`, `LengthMA1`, and `Multiplier1`.
- The indicator plots a moving average (`nResMA1`) and changes the bar color based on certain conditions.
- The conditions for changing the bar color are defined in the `pos1` variable.
2. **Indicator 2: HYE Trend Hunter**
- This indicator is based on the HYE Trend Hunter strategy.
- It uses various input parameters such as `slowtenkansenPeriod`, `slowkijunsenPeriod`, `fasttenkansenPeriod`, and `fastkijunsenPeriod`.
- The logic of this indicator is not fully provided in your code snippet, but it seems to calculate various values related to the HYE Trend Hunter strategy.
3. **Indicator 3: Phenom**
- This indicator provides EMA (Exponential Moving Average) lines with different lengths.
- It allows you to configure whether to display EMA lines and their colors.
- Additionally, it provides options to display stop loss levels based on ATR (Average True Range).
To use this combined indicator:
- Apply it to a chart in TradingView by copying the entire code snippet and pasting it into the Pine Script editor.
- Configure the input parameters for each of the three indicator logics as desired. You can adjust the input values in the indicator's settings panel on the chart.
- You can also modify the indicator's appearance by changing the plot colors or turning on/off specific components.
- Once you have configured the input parameters and appearance settings to your liking, you can then interpret the signals and information provided by the three indicator logics on the chart.
Keep in mind that this is a basic combination of the three indicators you provided, and it may require further customization to meet your specific trading strategy and preferences. Additionally, ensure you thoroughly understand the strategies and conditions used by each of the indicators to make informed trading decisions.
HT Momentum Indicator [ ZCrypto ]
The HT Momentum Indicator is a technical analysis tool that uses the Hyperbolic Tangent (tanh) function to measure momentum in a trading instrument.
This indicator is plotted as a histogram, with positive values indicating bullish momentum and negative values indicating bearish momentum.
Here are the main features and settings of the HT Momentum Indicator:
Source: This setting allows you to choose the price data used to calculate the momentum indicator. By default, the indicator uses the (High+Low+Close)/3 price, but you can select other options such as the open, high, or low prices.
Period: This setting determines the number of periods used in the momentum calculation. By default, the indicator uses a period of 14, but you can adjust this to suit your trading style and the market you are trading.
Show Fast/Slow/VWAP: These settings allow you to choose whether or not to display the fast and slow exponential moving averages (EMAs) and the volume-weighted average price (VWAP) on the chart.
Fast Length/Slow Length/VWAP Length: These settings allow you to adjust the length of the fast and slow EMAs and the VWAP calculation.
Bull Color/Bear Color: These settings allow you to choose the colors for the bullish and bearish histograms.
Zero Line: This indicator also includes a horizontal line at the zero level to help you identify when momentum is transitioning from bullish to bearish or vice versa.
The HT Momentum Indicator can be used to identify trends, momentum shifts, and potential buy/sell signals.
you can use the fast and slow EMAs to identify short-term and long-term trends, respectively, and the VWAP to gauge the strength of buying or selling pressure.
Additionally, the HT Momentum Indicator includes four pre-programmed alert conditions, which can notify you
when the fast EMA crosses above the slow EMA,
when the VWAP crosses above the zero line,
when the histogram transitions from negative to positive values.
when the histogram transitions from negative to positive values and VWAP above zero line
Supertrend ANY INDICATOR (RSI, MFI, CCI, etc.) + Range FilterThis indicator will generate a supertrend of your chosen configuration on any of the following indicators:
RSI
MFI
Accum/Dist
Momentum
On Balance Volume
CCI
There is also a RANGE FILTER built into the scripts so that you can smooth the indicators for the supertrend. This is an optional configuration in the settings. Also, you can change the oversold/overbought bounds in the settings (they are removed entirely for indicators without bounds).
If you find this indicator useful, please boost it and follow! I am open to suggestions for adding new indicators to this script, it's very simple to add new ones, just suggest them in the comments.
Urika Confirmation IndicatorThe Urika Confirmation (UC) Indicator helps a user make a better decision about areas to enter the market for a trade. The indicated incorporates the highs and the lows of the price for a specific period. The information is depicted on this two-line indicator to show the direction of the price. The gap between the two lines is a cloud for determining the current position of the trade and staying in a trend.
The two lines in the indicator are a signal line and a slow line: the price is likely bullish if the signal line crosses above the slow line while likely bearish if the signal line crosses below the slow line. One can enter a trade if the price is above the cloud while the signal line crosses above the slow line, This is an indication that the commodity or stock is bullish and vice versa for bearish. One can avoid trading when the price is in the cloud.
UC Calculations:
The signal line is the average high and low of the prices using the fast-length input.
The slow length is the average of the past previous high and low prices using the slow-length input.
Ways to Use the UC Indicator:
It is convenient to use the indicator with Relative Strength Indicator. If the signal line crosses above the slow line -->> Bullish possibility (buy if RSI >= 55). It is a false buy/long signal if the cross occurs while RSI is below 55.
If the slow line crosses above the signal line -->> Bearish possibility (short if RSI <= 45). It is a false short signal if the cross occurs while RSI is above 45.
The indicator can be used at all timeframes. The user can use different settings to suit their way of trading.
The indicator uses the concept of the Ichimoku Indicator to provide users with
[GarufiCommunity] Multi Indicator: VWAPs, MA, Pivot PointsThis script provides a collection of indicators to help traders look at multiple trends while maintaining a consistent configuration, even when jumping around different timeframes and symbols.
Additionally, this collection is particularly useful when trading decisions involve looking at dozens of indicators and analyzing, in aggregate, their confluence.
With this collection of indicators you can configure anchored VWAPs, MA, and Pivot Points:
- Anchored VWAPs: For each you define a fixed time and date to anchor it in the graph, and it stays consistent even when you change the symbol. An example use case can be setting one of the VWAPs to always start on the first candle on January 1st 2021, and a second VWAP a decade prior, so you don’t need to keep manually adjusting/adding VWAPs to the graph. At the moment you can define up to 4 anchored VWAPs.
- MA and Pivot Points: For each you can set independent timeframes, periods, and types, while using a single configuration panel. This helps reduce the amount of clicking needed when trying different configurations, such as testing different MA and Pivot periods and comparing how each behave in the graph (this personally helps me build trust in indicators). Permits use of up to 3 MAs and 2 Pivot Points.
Lastly, this script leverages and reuses modified code from the sources below:
- Médias e Tempos-v.2.1 by VeraLucia (with permission);
- Multiple Anchored VWAP v1.0 by GuilhermeNogueira (with permission);
- Pivot Point by TradingView.
CMT's ProGo indicatorThis is an experiment. I've never traded with it and won't tell you to. The nuances of how effective this is have yet to be seen.
Shoutout to @BillionaireLau, who very recently posted Larry William's original ProGo indicator. I hypothesized that a few minor changes to values and operations would allow for greater utility and responsiveness. I believe this has been achieved. What we're looking at here appears to offer a new means of spotting divergences. Have fun. To quote BillionaireLau regarding the nature of this indicator:
"ProGo, created by Larry William, (earlier than 2002), is a 2 line graph using daily data.
1. Professional Line (color orange) is a professional Accumulation/Distribution line is constructed by using the change from today's open to today's close.
2. The Public Line (color blue) is done by creating a public accumulation/distribution line that shows the change from yesterdays close to today's open.
The graph is an index of the previous close to open +/- values (public) and then taking a 14 day average which is plotted against a 14 day average of the +/- values of the open to close(pro).
Background color:
Green colored area is where "pro" line crossover line, and the "pro" line is also positive."
[blackcat] L1 Jon Andersen R-Squared IndicatorLevel: 1
Background
The R-Squared indicator created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES .
Function
This script fristly creates the coeffR function which is used to produced the R-Squared indicator. The coeffR function is used to calculate the correlation coefficient R. Once I have created and verified the coeffR function, the R-Sqaured indicator can be built easily.
Key Signal
AvgSqrR --> Smoothed R-Squared Oscillator Output.
Labels and alerts are added.
Remarks
Feedbacks are appreciated.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Convolution IndicatorLevel: 2
Background
John F. Ehlers introduced Convolution Indicator in his "Cycle Analytics for Traders" chapter 13 on 2013.
Function
Since high correlation exists only at the market turning point, the convolution indicator is dependent on the lookback period used in the calculation. Assuming the two price segments have an equal time duration, the peak correlation occurs at half the lookback period of the indicator. For example, if a 13-bar period is used, the market peak would appear with a 7-bar delay. The same market peak would appear with a 19-bar delay if a 39-bar lookback period were used in the convolution computation.
Key Signal
Convolution --> Convolution array
Pros and Cons
100% John F. Ehlers definition translation of original work, even variable names are the same. This help readers who would like to use pine to read his book. If you had read his works, then you will be quite familiar with my code style.
Remarks
The 56th script for Blackcat1402 John F. Ehlers Week publication.
Courtesy of @RicardoSantos for RGB functions.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Roofing Filter IndicatorLevel: 2
Background
John F. Ehlers introuced Roofing Filter Indicator in his "Cycle Analytics for Traders" chapter 7 on 2013.
Function
The roofing filter does an excellent job of using only the frequency components between its upper and lower critical periods. All that needs to be done to create an indicator from the roofing filter is to add more generality by allowing the high-pass and low-pass critical periods be supplied as indicator inputs. The two high-pass filters have been implemented as a single two-pole high-pass filter. The ideal time to buy is when the cycle is at a trough, and the ideal time to exit a long position or to sell short is when the cycle is at a peak. These conditions are flagged by the filter crossing itself delayed by one bar, and are included as part of the indicator.
Key Signal
Filt --> Roofing Filter Indicator fast line
Trigger --> Roofing Filter Indicator slow line
Pros and Cons
100% John F. Ehlers definition translation of original work, even variable names are the same. This help readers who would like to use pine to read his book. If you had read his works, then you will be quite familiar with my code style.
Remarks
The 43th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Enhanced Signal to Noise IndicatorLevel: 2
Background
John F. Ehlers introuced another Enhanced Signal to Noise Indicator in his "Rocket Science for Traders" chapter 8.
Function
blackcat L2 Ehlers Signal to Noise Indicator is used to measure Signal-to-Noise Ratio (SNR). In this code, the period of the measured dominant cycle is calculated in exactly the same manner as we calculated it for the Primary SNR Indicator. Near the end of the code, after the dominant cycle is determined, Dr. Ehlers computes the SNR. The Quadrature component Q3 is calculated by multiplying the 2-bar momentum of the Weighted Moving Average (WMA) smoothing by the dominant cycle amplitude correction factor.
Key Signal
Smooth --> 4 bar WMA w/ 1 bar lag
Detrender --> The amplitude response of a minimum-length HT can be improved by adjusting the filter coefficients by
trial and error. HT does not allow DC component at zero frequency for transformation. So, Detrender is used to remove DC component/ trend component.
Q1 --> Quadrature phase signal
I1 --> In-phase signal
Period --> Dominant Cycle in bars
SNR --> Signal-to-Noise Ratio
Pros and Cons
100% John F. Ehlers definition translation of original work, even variable names are the same. This help readers who would like to use pine to read his book. If you had read his works, then you will be quite familiar with my code style.
Remarks
The 6th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Improved MACD IndicatorLevel: 1
Background
The MACD is a superior derivative of moving average crossovers and was developed by Gerald Appel in 1979 as a market timing tool. MACD uses two exponential moving averages with different bar periods, which are then subtracted to form what Mr. Appel calls the Fast Line. A 9-period moving average of the fast line creates the slow line.
Function
L1 Improved MACD Indicator mainly improves MACD histogram by customized an algorithm and add three levels of long entry alerts derived from ema().
Key Signal
buy1 --> the 1st level of buy alert in green
buy2 --> the 2nd level of buy alert in lime
buy3 --> the 3rd level of buy alert in yellow
diff --> classic MACD diff fast line in white
dea --> classic MACD dea slow line in yellow
macd --> classic difference histogram,but I did not use it directly in the plot.
Pros and Cons
Pros:
1. more clear sub level trend change with new histograms
2. three levels of buy alerts
Cons:
1. need sophisticated knowledge of MACD to use this well
2. this still requires a lot of MACD experience to obtain reliable trading signals
Remarks
I am a fan of MACD. Even the most classic MACD can have in-depth usage. I think MACD is the king of indicators.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
3 in 1 Indicators as used by JN (RSI, Stoch, DMI Stoch)This Indicator comprises the following individual indicators:
- RSI 4
- Stochastic 14,3,3
- DMI Stochastic 10,3
Analisis:
- By using this indicator alongside with the 4 in 1 JN Indicators (posted before this one), you can determine the change in trend when:
- When the bollinger bands are broken
- When an EMA is reached
- When all lines in the indicator are above or below the overbough/oversold lines
That means a change of Trend.
4 in 1 Indicators as used by JN (EMAx3, BB)This Indicator comprises the following individual indicators:
- EMA 50
- EMA 100
- EMA 200
- BB 20
Analisis:
- By using this indicator alongside with the 3 in 1 JN Indicators (will be posted later), you can determine the change in trend when:
- When the bollinger bands are broken
- When an EMA is reached
- When all lines in the indicator are above or below the overbough/oversold lines
That means a change of Trend.
SAG Buy and Sell IndicatorThis script indicates a BUY or SELL signal based on the presence of events from 4 other indicators. The four other indicators are:
1) My Stochastic Triple Confirm from September 2016
2) Lazy Bear's Squeeze Momentum Indicator
3) A simple Relative Strength Index set to 9
4) A modified stochastic that I created
A buy signal must occur at the same time on all four indicators in order for this one to signal BUY. Conversely, a sell signal must occur at the same time on all four indicators for a SELL signal to appear here. Because it is rare for all four to perfectly signal BUY or SELL at the same bar point, this indicator will not signal frequently. However, when it signals it can benefit the user.
NO SIGNAL/INDICATOR IS PERFECT. This should be used as a helpful tool and not be a sole factor in making trading decisions. This signal has been very accurate (reliable greater than 97%) in back-testing. A winning position greater than 9 out of 10 times will work for most traders. Please provide feedback, thoughts, and critiques.
Price-Line Channel - A Friendly Support And Resistance IndicatorIntroduction
Lines are the most widely used figures in technical analysis, this is due to the linear trends that some securities posses (daily log SP500 for example), support and resistances are also responsible for the uses of lines, basically linear support and resistances are made with the assumption that the line connecting two local maximas or minimas will help the user detect a new local maxima or minima when the price will cross the line.
Technical indicators attempting to output lines have always been a concern in technical analysis, the mostly know certainly being the linear regression, however any linear models would fit in this category. In general those indicators always reevaluate their outputs values (repainting), others non repainting indicators returning lines are sometimes to impractical to set-up. This is what has encouraged me to make a simpler indicator based on the framework used in the recursive bands indicator that i published.
The proposed indicator aim to be extremely flexible and easy to use while returning linear support and resistances, an option that allow readjustment is also introduced, thus allowing for a "smarter" indicator.
The Indicator
The indicator return two extremities, the upper one aim to detect resistance points while the lower one aim to detect support points. The length setting control the steepness of the line, with higher values of length involving a lower slope, this make the indicator less reactive and interact with the price less often.
The name "price-line" comes from the fact that the channel is dependent on its own interaction with the price, therefore a breakout methodology can also be used, where price is up-trending when crossing with the upper extremity and down trending when crossing with the lower one.
Readjusted Option
The line steepness can be readjusted based on the market volatility, it make more sense for the line to be more steep when the market is more volatile, thus making it converge faster toward the price, this of course is done at the cost of some linearity. This is achieved by checking the "readjustment" option. The effects can be shown on BTCUSD, below the indicator without the readjusted option :
when the "readjustment" option is checked we have the following results :
The volatile down movement on BTCUSd make the upper extremity converge faster toward the price, this option can be great for volatile markets.
Conclusion
The recursive bands indicator prove to be an excellent framework that allow for the creation of lots of indicators, the proposed indicator is extremely efficient and provide an easy solution for returning linear support and resistances without much drawbacks, the readjusted option allow the indicator to adapt to the market volatility at the cost of linearity.
The performance of the indicator is relative to the motion of the price, however the indicator show signs of returning accurate support and resistances points. I hope the indicator find its use in the community.
Thanks for reading !
Note
Respect the house rules, always request permission before publishing open source code. This is an original work, requesting permission is the least you can do.
Divergences for many indicators v2.0A gift from me to all.
This script is developed to find Divergences for many indicators. it analyses divergences and then draws line on the graph. red for negatif, lime for positive divergences.
Currently script checks divergence for RSI, MACD, MACD Histogram, Stochastic, CCI, Momentum, OBV, Diosc, VWMACD and CMF indicators. You can use some or all of these indicators to check divergences as you wish by choosing them on the menu. Also you can add/remove many other indicators to the script to check if there is divergence.
The script first calculates tops/bottoms by using higher time frame zig zag and then finds divergences.
Higher Time Frames are
if currend period 1 min => HTF = 5 mins
if currend period 3 mins => HTF = 15 mins
if currend period 5 mins => HTF = 15 mins
if currend period 15 mins => HTF = 1 hour
if currend period 30 mins => HTF = 1 hour
if currend period 45 mins => HTF = 1 hour
if currend period 1 hour => HTF = 4 hours
if currend period 2 hours => HTF = 4 hours
if currend period 3 hours => HTF = 4 hours
if currend period 4 hours => HTF = 1 day
if currend period 1 day => HTF = 1 week
if currend period 1 week => HTF = 1 week
future plan : script finds regular divergences, soon I will add hidden divergences and also I plan to add alert ;)
Pullback Trading Tool R5-65 by JustUncleLBy request this is an updated version of the "PullBack Trading Tool": removes experimental "OCC" channel, added option to display ribbons or just single moving average lines, added alert arrows for "PB" exits, added alertcondition for TV alarm subsystem, added some extract options for Pivot points and general cleanup of code.
Description:
This project incorporates the majority of the indicators needed to analyse and trade Trends for Pullbacks, swings and reversals.
Incorporated within this tool are the following indicators:
1. Major industry (Banks) recognised important EMAs in an EMA Ribbon:
Lime = EMA5 (Optional Display)
DodgerBlue = EMA12 (Optional Display)
Red = EMA36 (Optional display)
Green = EMA89
Blue = EMA200
Black = EMA633
2. The 5 EMA (default) High/Low/Close Price Action Channel (PAC), the PAC channel display is disabled by default.
3. Optionally display Fractals and optional Fractal levels
4. Optional HH, LH, LL, HL finder.
5. Optional Buy/Sell "PB" exit Alerts with Optional 200EMA filter.
6. Coloured coded Bar high lighting based on the PAC:
blue = bar closed above PAC
red = bar closed below PAC
gray = bar closed inside PAC
7. Alert condition sent to TradingView's Alarm subsystem for PB exits.
8. Pivot points with optional labels.
9. EMA5-12 Ribbon is displayed by default.
10.EMA12-36 Ribbon is displayed by default
Set up and hints:
I am unable to provide a full description here, as Pullback Trading incorporates a full trading Methodology, there are a number of articles and books written on the subject.
Set the chart to Heikin Ashi Candles (optional).
I also add a "Sweetspot Gold R3" indicator to the chart as well to help with support and resistance finding and shows where the important "00" lines are.
First on a weekly basis say Sunday night or Monday morning, analyse the Daily and Weekly charts to establish overall trends, and support/resistant levels. Draw significant mini trend lines (2/3 TL), vertical trend lines (VTL) and S/R levels. Can use the Pivots points to guide VTL drawing and Fractals to help guide 2/3 TL drawing.
Once the trend direction and any potential major reversals highlighted, drop down to lower timeframe chart and draw appropriate mini Trend line (2/3 TL) matching the established momentum direction. Take note of potential pull backs from and of the EMAs, in particular the EMA5-12 ribbon, EMA12-36 Ribbon and the 200EMA. Can use the Pivots and/or Fractals points to guide your 2/3 TL drawing.
Set a TradingView alarm on the "PBTOOL alert", with the default settings this normally occurs before or during the Break of the manually drawn TL lines.
Once alerted check to see if the TL is broken and is returning to trend away from the EMA lines, this is indicated by bar colour change to trend directional colour.
You can trade that alert or drop down to even lower time frames and perform the same TL analysis there to find trades at the lower TF. Trading at lower TF you will allow tighter Stop loss settings.
Other than the "SweetSpot Gold R3" indicator, you should not need any other indicator to successfully trade trends for Pullbacks and reversals. If you really want another indicator I suggest a momentum one for example: AO ( Awesome Oscillator ), MACD or Squeeze Momentum.
Scalping PullBack Tool R1 by JustUncleLDescription
This study project is a Scalping Pullback trading Tool that incorporates the majority of the indicators needed to analyse and scalp Trends for Pull Backs and reversals on 1min, 5min or 15min charts. The set up utilies Heikin Ashi candle charts. Incorporated within this tool are the following indicators:
1. Major industry (Banks) recognised important EMAs in an EMA Ribbon:
Green = EMA89
Blue = EMA200
Black = EMA633
2. The 36EMA (default) High/Low+Close Price Action Channel (PAC).
3. Fractals
4. HH, LH, LL, HL finder to help with drawing Trend lines and mini Trend Lines.
5. Coloured coded Bar high lighting based on the PAC:
blue = bar closed above PAC
red = bar closed below PAC
gray = bar closed inside PAC
red line = EMA36 of bar close
Setup and hints:
Set the chart to Heikin Ashi Candles.
Add "Sweetspot Gold10" indicator to the chart as well to help with support and resistance finding and shows where the important "00" and "0" lines are.
When price is above the PAC(blue bars) we are only looking to buy as price comes back to the PAC
When price is below the PAC(red bars), we are only looking to sell when price comes back to the PAC
What we’re looking for when price comes back into the PAC we draw mini Trendlines utilising the Fractals and HH/LL points to guide your TL drawing.
Now look for the trend to pull back and break the drawn TL. That's is when we place the scalp trade.
So we are looking for continuation signals in terms of a strong, momentum driven pullbacks (normally short term 10-20 pips) of the EMA36.
The other EMAs are there to check for other Pullbacks when EMA36 is broken.
Other than the SweetSpot Gold10 indicator, you should not need any other indicator to scalp the pullbacks.
References:
Fractals V8 by RicardoSantos
Price Action Trading System v0.3 by JustUncleL
SweetSpot Gold10 R1 by JustUncleL
www.swing-trade-stocks.com
www.forexstrategiesresources.com
DecisionPoint Volume Swenlin Trading Oscillator [LazyBear]This is the volume version of "DecisionPoint Breadth Swenlin Trading Oscillator"
DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. You can read about the interpretation of the signals (& gotchas) in the link below.
I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom advancing/declining volume symbols too.
More Info:
DBSTO:
Article: stockcharts.com
List of my public indicators: bit.ly
List of my app-store indicators: blog.tradingview.com
Having both Swenlin Breadth and Volume oscillators help spot the divergences quickly:
DecisionPoint Price Momentum Oscillator [LazyBear]The DecisionPoint Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool.
PMO can be used in many ways:
- PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the usual range for broad stock market indexes, each price index will have its own “signature” range. You may have to tune this for your instrument.
- PMO triggers buy/sell on signal crossovers and ZERO crossovers.
- Common patterns like BullKiss, BearKiss are useful to track. See the link below for more info.
- Divergences.
- Histo-only mode that can be used similar to MACD-Histo.
I have exposed all params as configurable. Have fun tuning :) Don't forget to share what you found for your instrument.
More Info:
stockcharts.com
List of my public indicators: bit.ly
List of my app-store indicators: blog.tradingview.com
Some Sample Charts:
TWTR:
MSFT:
GOOGL:
Ehlers MESA Adaptive Moving Average [LazyBear]Another one to add to Ehlers collection.
The MESA Adaptive Moving Average (MAMA) adapts to price movement based on the rate of change of phase as measured by the Hilbert Transform Discriminator. This method features a fast attack average and a slow decay average so that composite average rapidly ratchets behind price changes and holds the average value until the next ratchet occurs. Consider FAMA (Following AMA) as the signal.
Here are some of the options:
Fill MAMA/FAMA region (ribbon mode):
Mark Crossovers:
The above options (along with the bar colors) allow this to be used as a standalone system.
BTW, John Ehlers calls MAMA, "Mother of all Adaptive Moving Averages", lemme know what you think :)
More info:
- MESA Adaptive Moving Average, Stocks and Commodities Magazine, August 2001
- MAMA: www.mesasoftware.com
List of my public indicators: bit.ly
List of my app-store indicators: blog.tradingview.com
