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Convergence

Median Convergence DivergenceIntroduction The Median Convergence Divergence (MCD) is a derivative of the Moving Average Convergence Divergence (MACD). The difference is the change in the use of the measure of central tendency. In MACD, moving average (mean) is used, whereas, in MCD, the median is used instead. The purpose of using the median is to eliminate the outlying values, which would be calculated for a moving average. The outliers would affect the value of the moving average. For example: 3, 5, 7, 8, 5, 4, 2, 1, 6, 21, 8. The data set average is 6.3, whereas the median value is 5. There is a difference of about 23% in the example. The reason is the outlying value '21' in the data set. As the markets are volatile, outlying values can always emerge. A moving average will consider those values; on the other hand, the median will ignore. If the strategy calls for a tool to ignore the outliers, the Median Convergence Divergence would be a great centered oscillator. The default values have changed to suit the current trading days in a week. When the MACD was introduced, there would be six trading days in a week. Therefore, it used 12 (2 weeks), 26(4 weeks), and 9 ( 1.5 weeks). But now that there are five trading days per week. The default values are adapted to them. Feel free to change them as per your wish. Recommended Settings The current settings are set to be used for the Daily Time Frame: 5 day period for the fast line, a 20 day period for the slow line, and a 10 day period for the signal line. (5 days represent a trading week, 10 days is two weeks, and 20 days is 4 weeks or a month) For the weekly charts, use 4 week period for the fast line, 13 week period for the slow line, and 8 week period for the signal line. (4 weeks represent a month, 8 weeks is two months, and 13 weeks is 3 months or quarterly) And for monthly charts, use 3 month period for the fast line, 12 month period for the slow line, and 6 month period for the signal line. (3 months is quarterly, 6 months is bi-yearly, and 12 month is yearly) It'll be challenging to measure for intraday since there are many different timeframes within intraday. The settings mentioned above should also be customized as per the requirements of the trading strategy. Strategy The strategy application is the same as the MACD, i.e., Signal Line Crossovers, Zero Line Crossovers, and Divergence. Signal Line Crossovers: When the MCD line crosses above the Signal line, it's a bullish crossover. When the MCD line crosses below the Signal line, it's a bearish crossover. Zero Line Crossovers: It's a bullish crossover when the MCD line crosses above the Zero line. When the MCD line crosses below the Zero Line, it's a bearish crossover. Divergence: When price shows a lower low, but MCD shows a higher low, it's a bullish divergence. When the price shows a higher high but MCD shows a lower high, it's a bearish divergence. Using other indicators in conjunction with the Median Convergence Divergence is recommended to take entry and exit signals.
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Indicator
by maksumit
18
RSI Linear Regression with ZigZag by zdmreBoth the RSI (Relative Strength Index) and the Linear Regression ( LR ) rank among the most popular momentum indicators used in trading. When used in combination with other technical indicators (ZigZag), both RSI, LR and ZigZag can offer value in validating trade opportunities to optimize your risk management practices. Here’s a look at how to use RSI, LR and ZigZag (Can be used for divergence patterns.) as part of your trade analysis. If you have new ideas to improve this indicator then let me know please. ***Use it at your own risk
Indicator
by zdmre
11
Multi timeframes RSI Screener & indicator by noop42Since my previous x4 multi timeframes Stochastic RSI script seems to have been appreciated, I decided to make a 2nd version of this tool which focuses on the RSI indicator only. Default parameters RSI length : 14 Timeframes: 5, 15, 60, 240 OB/OS zones : 70 & 30 Repaint mode: enabled Display lines: enabled Display screener: enabled Convergence warnings: timeframes 1, 2 & 3 Details Repaint mode : Disabling it makes the indicator wait for the current candle to close before to change its value Display lines: Allows you to disable RSI lines drawings, in order to move the screener on your main chart for example. Display screener: Allows you to disable the screener, in order to use RSI lines only OB/OS convergences warnings : Allows you to select which timeframe(s) must be taken into consideration for convergence signals (Selected timeframes can be distinguished in the screener, followed by a * char in the timeframes column) Note The Stochastic RSI version of this tool is available here
Indicator
by noop-noop
3
HTF Candles & Mini Charts by DGTHTF Candles & Mini Charts is a multi-timeframe visualization tool designed to help traders monitor higher-timeframe market structure without leaving their current chart. The indicator overlays higher-timeframe candles directly onto the active chart while also introducing compact mini HTF charts that display compressed higher-timeframe price action. This allows traders to observe broader market context while executing trades on lower timeframes. By combining higher-timeframe overlays, mini charts, technical indicators, volume-weighted coloring, reference levels, oscillators, and statistical panels, the script provides a powerful environment for analyzing price structure across multiple timeframes simultaneously. KEY FEATURES ⯌ HTF Chart Overlay (Main Price Chart) Displays higher-timeframe candles directly on the chart, allowing traders to see how lower-timeframe price action evolves within a higher-timeframe structure. Features: Multiple chart styles: Candles, High–Low, Heikin Ashi Support for two independent HTF overlays Optional volume-weighted candle coloring based on relative trading activity This allows traders to visualize higher-timeframe price development without switching charts. ⯌ Mini HTF Charts Compact higher-timeframe charts displayed beside the main chart provide a quick snapshot of broader market structure and price development. Mini charts allow traders to quickly monitor trend direction and higher-timeframe context while focusing on lower-timeframe execution. Features: Multiple chart styles: Candles, High–Low, Heikin Ashi Integrated technical indicators and oscillators Reference range levels Volume-weighted candle coloring ⯌ Technical Indicators & Oscillators A selection of commonly used indicators can be displayed on the main chart and mini charts to help evaluate trend strength, volatility, and momentum. Trend / Volatility indicators: Moving Average Bollinger Bands Supertrend Momentum oscillators: RSI Stochastic These indicators help traders quickly evaluate trend conditions and momentum across timeframes. ⯌ Range Reference Levels Statistical reference levels derived from the higher-timeframe range help traders quickly assess where price sits within the broader range structure. Available levels: Range High / Low Range Quartiles (25%, 50%, 75%) These levels provide a clear representation of range distribution. ⯌ Volume-Weighted Candle Coloring Candles can optionally be colored based on relative volume participation, highlighting periods of strong or weak trading activity. This visual cue helps identify moments when market participation significantly increases or decreases. ⯌ Statistics Panel An optional statistics panel provides quick insights into price performance across multiple time horizons Included metrics: Performance Metrics Distance to Key Moving Averages Volume Participation WHY USE HTF ANALYSIS Markets move in fractal structures where lower-timeframe price action constantly reacts to higher-timeframe levels and trends. Using higher-timeframe overlays helps traders: Understand broader trend direction Identify key range boundaries Avoid trading directly into higher-timeframe resistance or support Align lower-timeframe entries with higher-timeframe structure DISCLAIMER This script is intended for informational and educational purposes only. It does not constitute financial, investment, or trading advice. All trading decisions made based on its output are solely the responsibility of the user.
Indicator
by dgtrd
409
Composite Index [TipsChain]This is a formula Ms Brown developed to identify divergence failures with in the RSI . This also highlights the horizontal support levels with in the indicator area. The Composite Index study comprises 2 momentum indicators on the RSI which are smoothed using a moving average. Control of the upper and lower indicators can be used to adjust the periods represented by each through the Object Properties dialog box for the study. The Composite Index is an oscillator that will warn when the RSI is failing to detect a price trend reversal by forming divergences with the RSI. It can be used in any time frame or market. Usage: 1. Check hidden and regular divergences on RSI+COMPOSITE_INDEX and PRICE+COMPOSITE_INDEX. 2. After finding divergence wait for COMPOSITE_INDEX to cross under/over it's moving averages to trigger.
Indicator
by HoManVig
7
Bull vs Bear Power by DGTElder-Ray Bear and Bull Power Dr. Alexander Elder cleverly named his first indicator Elder-Ray because of its function, which is designed to see through the market like an X-ray machine. Developed in 1989, the Elder-Ray indicator can be applied to the chart of any security and helps traders determine the strength of competing groups of bulls and bears by gazing under the surface of the markets for data that may not immediately be ascertainable from a superficial glance at prices The Elder-Ray indicator is comprised by three elements – Bear Power, Bull Power and a 13-period Exponential Moving Average. As the high price of any candle shows the maximum power of buyers and the low price of any candle shows the maximum power of sellers, Elder uses the 13-period EMA in order to present the average consensus of price value. Bull power shows whether buyers are capable of pushing prices above the average consensus of value. Bear power shows whether sellers are capable of pushing prices below the average consensus of value. Mathematically, Bull power is the result of subtracting the 13-period EMA from the high price of the day, and Bear power is the result of subtracting the 13-period EMA from the low price of the day. What does this study implements Attempts to customize interpretation of Alexander Elder's Elder-Ray Indicator (Bull and Bear Power) by • adding additional insights to support/confirm Elder’s strategy with different indicators related with the Elder’s concept • providing different options of visualization of the indicator • providing smoothing capability Other Indicators to support/confirm Elder-Ray Indicator: Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI) , where : DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the top. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. Alexander Elder considers the slope of the EMA, which gives insight into the recent trend whether is up or down, and CDMI adds additional insight of verifying/confirming the trend as well as its strength Note : educational content of how to read CDMI can be found in ideas section named as “Colored Directional Movement Index” different usages of CDMI can be observed with studies “Candlestick Patterns in Context by DGT", “Ichimoku Colored SuperTrend + Colored DMI by DGT”, “Colored Directional Movement and Bollinger Band's Cloud by DGT”, and “Technical Analyst by DGT” Price Convergence/Divergence , if we pay attention to mathematical formulations of bull power, bear power and price convergence/divergence (also can be expressed as price distance to its ma) we would clearly observe that price convergence/divergence is in fact the result of how the market performed based on the fact that we assume 13-period EMA is consensus of price value. Then, we may assume that the price convergence/divergence crosses of bull power, or bear power, or sum of bull and bear power could be considered as potential trading signals Additionally, price convergence/divergence visualizes the belief that prices high above the moving average or low below it are likely to be remedied in the future by a reverse price movement Alternatively, Least Squares Moving Average of Price Convergence/Divergence (also known as Linear Regression Curve) can be plotted instead of Price Convergence/Divergence which can be considered as a smoothed version of Price Convergence/Divergence Note : different usages of Price Convergence/Divergence can be observed with studies “Trading Psychology - Fear & Greed Index by DGT”, “Price Distance to its MA by DGT”, “P-MACD by DGT”, where “Price Distance to its MA by DGT” can also be considered as educational content which includes an article of a research carried on the topic Options of Visualization Bull and Bear Power plotted as two separate • histograms • lines • bands Sum of Bull and Bear Power plotted as single • histogram • line • band Others Price Convergence/Divergence displayed as Line CDMI is displayed as single colored line of triangle shapes, where triangle shapes displays direction of the trend (triangle up represents bull and triangle down represent bear), colors of CDMI displays the strength of the trend (green – strong bullish, red – strong bearish, gray – no trend, yellow – week trend) In general with this study, color densities also have a meaning and aims to displays if the value of the indicator is falling or growing, darker colors displays more intense move comparing to light one Note : band's upper and lower levels are calculated by using standard deviation build-in function with multiply factor of 0.236 Fibonacci’s ratio (just a number for our case, no any meaning) Smoothing No smoothing is applied by default but the capability is added in case Price Convergence/Divergence Line is assumed to be used as a signal line it will be worth smoothing the bear, bull or sum of bear and bull power indicators Interpreting Elder-Ray Indicator, according to Dr. Alexander Elder Bull Power should remain positive in normal circumstances, while Bear Power should remain negative in normal circumstances. In case the Bull Power indicator enters into negative territory, this implies that sellers have overcome buyers and control the market. In case the Bear Power indicator enters into positive territory, this indicates that buyers have overcome sellers and control the market. A trader should not go long at times when the Bear Power indicator is positive and he/she should not go short at times when the Bull Power indicator is negative. 13-period EMAs slope can be used in order to identify the direction of the major trend. According to Elder, the most reliable buy signals are generated, when there is a bullish divergence between the Bear Power indicator and the price (Bear Power forms higher lows, while the market forms lower lows). The most reliable sell signals are generated, when there is a bearish divergence between the Bull Power indicator and the price (Bull Power forms lower highs, while the market forms higher highs). There are four basic conditions, required to go long or short, with the use of the Elder-Ray method alone. In order to go long: 1. The market is in a bull trend, as indicated by the 13-period EMA 2. Bear Power is in negative territory, but increasing 3. The most recent Bull Power top is higher than its prior top 4. Bear Power is going up from a bullish divergence The last two conditions are optional that fine-tune the buying decision In order to go short: 1. The market is in a bear trend, as indicated by the 13-period EMA 2. Bull Power is in positive territory, but falling 3. The most recent Bear Power bottom is lower than its prior bottom 4. Bull Power is falling from a bearish divergence The last two conditions are optional, they provide a stronger signal for shorting but they are not absolutely essential If a trader is willing to add to his/her position, he/she needs to: 1. add to his/her long position, when the Bear Power falls below zero and then climbs back into positive territory 2. add to his/her short position, when the Bull Power increases above zero and then drops back into negative territory. note : terminology of the definitions used herein are as per TV dictionary Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd PulseWire user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicator
by dgtrd
82
Trading Psychology - Fear & Greed Index by DGTPsychology of a Market Cycle - Where are we in the cycle? Before proceeding with the question "where", let's first have a quick look at "What is market psychology?" Market psychology is the idea that the movements of a market reflect the emotional state of its participants. It is one of the main topics of behavioral economics - an interdisciplinary field that investigates the various factors that precede economic decisions. Many believe that emotions are the main driving force behind the shifts of financial markets and that the overall fluctuating investor sentiment is what creates the so-called psychological market cycles - which is also dynamic.  Stages of Investor Emotions: * Optimism  – A positive outlook encourages us about the future, leading us to buy stocks. * Excitement  – Having seen some of our initial ideas work, we begin considering what our market success could allow us to accomplish. * Thrill  – At this point we investors cannot believe our success and begin to comment on how smart we are. * Euphoria  – This marks the point of maximum financial risk. Having seen every decision result in quick, easy profits, we begin to ignore risk and expect every trade to become profitable. * Anxiety  – For the first time the market moves against us. Having never stared at unrealized losses, we tell ourselves we are long-term investors and that all our ideas will eventually work. * Denial  – When markets have not rebounded, yet we do not know how to respond, we begin denying either that we made poor choices or that things will not improve shortly. * Fear  – The market realities become confusing. We believe the stocks we own will never move in our favor. * Desperation  – Not knowing how to act, we grasp at any idea that will allow us to get back to breakeven. * Panic  – Having exhausted all ideas, we are at a loss for what to do next. * Capitulation  – Deciding our portfolio will never increase again, we sell all our stocks to avoid any future losses. * Despondency  – After exiting the markets we do not want to buy stocks ever again. This often marks the moment of greatest financial opportunity. * Depression  – Not knowing how we could be so foolish, we are left trying to understand our actions. * Hope  – Eventually we return to the realization that markets move in cycles, and we begin looking for our next opportunity. * Relief  – Having bought a stock that turned profitable, we renew our faith that there is a future in investing. It's hard to predict with certainty where we exactly are in the market cycle, we can only make an educated guess as to the rough stage based on data available. And here comes the study "Trading Psychology - Fear & Greed Index"    Factors taken into account in this study include:  1-Price Momentum : Price Divergence/Convergence versus its Slow Moving Average 2-Strenght :   Rate of Return (RoR) also called Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment, net gain or loss of an investment over a specified time period, the rate of change in price movement over a period of time to help investors determine the strength 3-Money Flow : Chaikin Money Flow (CMF) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. CMF can be used as a way to further quantify changes in buying and selling pressure and can help to anticipate future changes and therefore trading opportunities. CMF calculations is based on Accumulation/Distribution 4-Market Volatility : CBOE Volatility Index (VIX), the Volatility Index, or VIX, is a real-time market index that represents the market's expectation of 30-day forward-looking volatility. Derived from the price inputs of the S&P 500 index options, it provides a measure of market risk and investors' sentiments. It is also known by other names like "Fear Gauge" or "Fear Index." Investors, research analysts and portfolio managers look to VIX values as a way to measure market risk, fear and stress before they take investment decisions 5-Safe Haven Demand : in this study GOLD demand is assumed  What to look for : *Fear and Greed Index as explained above, *Divergencies  Tool tip of the label displayed provides details of references Conclusion: As investors, we always get caught up in the day to day price movements, and lose sight of the bigger picture. The biggest crashes happen not when investors are cautious and fearful, it's when they're euphoric and expecting financial instruments to continue going higher. So as we continue investing, don’t forget to stop and ask yourself, where in the chart do you think we are right now? The Market Psychology Cycle shines light on how emotions evolve, fear and greed index can come in handy, provided that it is not the only tool used to make investment decisions. It is easy to look back at market cycles and recognize how the overall psychology changed. Analyzing previous data makes it obvious what actions and decisions would have been the most profitable. However, it is much harder to understand how the market is changing as it goes - and even harder to predict what comes next. Many investors use technical analysis (TA) to attempt to anticipate where the market is likely to go. Investors are advised to keep tabs on fear for potential buying the dips opportunities and view periods of greed as a potential indicator that financial instruments might be overvalued. Warren Buffett's quote, buy when others are fearful, and sell when others are greedy Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd PulseWire user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicator
by dgtrd
87
Price Distance to its MA by DGTPrices high above the moving average (MA) or low below it are likely to be remedied in the future by a reverse price movement as stated in an Article by Denis Alajbeg, Zoran Bubas and Dina Vasic published in International Journal of Economics, Commerce and Management Here comes a study to indicate the idea of this article, Price Distance to its Moving Averages (P/MA Ratio) The analysis expressed in the paper indicates that there is a connection between the distance of the prices to moving averages and subsequent returns : portfolios of stocks with lower prices to moving averages generally outperformed portfolios of stocks with higher prices to moving averages. This “overextended” effect is more pronounced when using shorter moving averages of 20 and 50 days, and is especially strong in short-term holding periods like one and two weeks. The highest annual returns are recorded when buying in the range of 0-5% below shorter moving averages of 20/50 days, and 0-10% below longer moving averages of 100/200 days. However, buying very far below almost all moving averages on almost all holding periods produces the lowest returns. The concept of this study recognizes three different modes of action. In a clearly established upward trend traders should be buying when prices are near or below the MA line and selling when prices move too far above the MA. Conversely, in downward trend stocks should be shorted when reaching or going above the moving average and covered when they drop too far below the MA line. In a sideways movement traders are advised to buy if the price is too low below the moving average and sell when it goes too far above it Short-term traders can expect to outperform in a one or two week time window if buying stocks with lower prices compared to their 20 and 50 SMA/EMA, one to two-week holding periods is quite high, ranging from 72,09% to 90,61% for the SMA(20, 50) and 85,03% to 87,5% for the EMA(20, 50). The best results for the SMA 20 and 50, on average, are concentrated in the region of 0-5% below the MA for the majority of holding periods. Buying very far below almost all MA in almost all holding periods turns out to be the worst possible option Candle patterns, momentum could be used in conjunction with this indicator for better results. Try Colored DMI and Ichimoku colored SuperTrend by DGT
Indicator
by dgtrd
41
Moving Averages Convergence (Agulhada do Didi)The script is based on a strategy developed by Odir “Didi” Aguiar called “Agulhada do Didi”. It consists in the use of 3 moving averages: SMA 3 SMA 8 SMA 21 Strategy: When the averages come together, preferably they pass through a candle, there is a signal. The crossing of the short average (3) with the long average (21) provides us with a confirma-tion of the entry. Buy: The average of 3 periods comes out on top, 8 goes in the middle and 21 goes down. Sell: Average of 21 periods comes out on top, 8 in the middle and 3 down.
Indicator
by LucasZancheta
4
Double MA CCI"What is the Commodity Channel Index (CCI)? Developed by Donald Lambert, the Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold. It is also used to assess price trend direction and strength. This information allows traders to determine if they want to enter or exit a trade, refrain from taking a trade, or add to an existing position. In this way, the indicator can be used to provide trade signals when it acts in a certain way. KEY TAKEAWAYS • The CCI measures the difference between the current price and the historical average price. • When the CCI is above zero it indicates the price is above the historic average. When CCI is below zero, the price is below the hsitoric average. • High readings of 100 or above, for example, indicate the price is well above the historic average and the trend has been strong to the upside. • Low readings below -100, for example, indicate the price is well below the historic average and the trend has been strong to the downside. • Going from negative or near-zero readings to +100 can be used as a signal to watch for an emerging uptrend. • Going from positive or near-zero readings to -100 may indicate an emerging downtrend. • CCI is an unbounded indicator meaning it can go higher or lower indefinitely. For this reason, overbought and oversold levels are typically determined for each individual asset by looking at historical extreme CCI levels where the price reversed from." ----> 1 SOURCE 1: (SINCE IM NOT A "PRO" MEMBER I C'ANT POST THE SOUCRE URL..., webpage consulted at : 8:50 GMT -5 ; the 2020-01-18) I- Added a 2nd MA length and changed the default values of the source type and switched the SMA to a MA. II- In process to add analytic MACD histogram correlation and if possible, ploting a relative histogram between the CCI upper and lower band. P.S.: Don't set your moving averages lengths to far from each other... This could result in fewer convergence and divergence, also in fewer crossing MA's. Have a good year 2020 !! //----CODER----// R.V.
Indicator
by RVD-Projects
BEST Supertrend MAHello traders, That one is an experiment I was curious to see what a supertrend based on moving average cross could give How does it work? Bull event: fast moving average crossing over the slow moving average Bear event: fast moving average crossing under the slow moving average When the event is triggered, the script will plot the Supertrend as follow UP Trend = ohlc4+ ATR * Factor DOWN Trend = ohlc4- ATR * Factor Interesting to see the results given by ohlc4 vs hl2 and hl3 Documentation: www.pulsewire.com This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level. Hope you'll enjoy it and it will improve your trading making you a better trader Dave
Indicator
by Daveatt
9
Blockchain Fundamentals - MCCD - Miner Capitulation Conv/Div🔗Blockchain Fundamentals - MCCD - Miner Capitulation & Convergence Divergence (a.k.a. Hash Ribbons) Intro Miner Capitulation has been talked about alot recently in the news and on twitter. I wanted to join the in fun and add my own spin on things. Description This shows the 30 (yellow) and 60 (orange) day moving average of the hash rate of bitcoin. I added an option to show the convergence/divergence of the two moving averages in a visual manner similar to the MACD. I also added the ability to select both the length and type of MA used in the calculation of the capitulation so you can experiment. Other additions include bar coloration by trade state, and background highlighting of capitulation periods. Editable Capitulation/Recovery plots will show clearly when the crosses happen. The way to replicate my display is to add the indicator twice below the chart and combine in the same pane. First indicator displays the averages by default. The second one you enable convergence/divergence display option and uncheck the rest. Last I add the indicator one more time and dragged it on chart. Do not combine the scales into one, of else it will ruin the scale (you want them separate scales). Its just showing you possibilities, use whatever works for you! 👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 73rd script on Tradingview! 💬Check my Signature for other information
Indicator
by theheirophant
11
BEST MA Cross/MACD ScreenerHello traders Continuing deeper and stronger with the screeners' educational serie one more time I - Concept This is the first flexible screener I'm releasing. Screener detecting a convergence whenever the MACD and MM cross are giving a signal in the same direction. Those who know me from PulseWire ... are aware that I'm big on convergences. I totally think that 1 indicator isn't enough - whatever the timeframe. But building my own convergence detection systems has been fruitful for me II - How did I set the screener The visual signals are as follow: - square: MACD + MA cross convergence. - diamond: Only MACD is selected - circle: Only MA cross is selected Then the colors are: - green when bullish - red when bearish Example Below, I highlighted why we see diamonds on the top screener panel. This is because I only selected the MACD filter Cool Hacks Don't forget that you can add the same indicator multiple times on your chart :) Wishing you all the BEST trading Dave
Indicator
by Daveatt
22
Apirine Stochastic MACD w/ MA Selection by Cryptorhythms📊 Apirine Stochastic MACD w/ MA Selection by Cryptorhythms Intro Had to re-release due to moderation. This happens to be my first open source indicator, hope you all enjoy it! Description This indicated is ported from November 2019 issue of TASC. “The Stochastic MACD Oscillator” in this issue, author Vitali Apirine introduces a new indicator created by combining the stochastic oscillator and the MACD . He describes the new indicator as a momentum oscillator and explains that it allows the trader to define overbought and oversold levels similar to the classic stochastic but based on the MACD . Options -You can enable bar coloration for trade state (signal conditions setup in the "long" and "short" variables). -You can choose histogram or columns for the convergence/divergence display. -You can turn on/off and adjust the overbought / oversold zones. -You can choose what type of moving average to use in the calculation from a small selection of options. This gives you more flexibility to adapt the indicator to your needs. 👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 70th script on Tradingview! 🤐Check my Signature for other information
Indicator
by theheirophant
2
Customizable MACD (how to detect a strong convergence)Helloooo traders I wondered once if a MACD was based on an EMA/EMA/SMA or SMA/SMA/EMA (or WHATEVA/WHATEVA/WHATEVA). Seems they're so many alternatives out there. I decided to empower my audience more by choosing the type of moving averages you want for your MACD. More options doesn't always mean better performance - but who knows - some might find a config that they like with it for their favorite asset/timeframe. I added also a multi-timeframe component because I'm a nice guy ^^ Convergence is my BEST friend An oscillator (like MACD) is to measure how strong a momentum is - generally, traders use those indicators to confirm a trend. So understand that a MACD (or any other indicator not based on convergence ) won't likely be sufficient for doing great on the market. Combined with your favorite indicator, however, you may get great results. My indicators fav cocktail is mixing : 1) an oscillator (momentum confirmation) 2) a trendline/key level break (momentum confirmation) 3) adding-up on a different trading method but still converging with the first entry. The reason I'm deep with convergence detection is because I'm obsessed with removing those fakeout signals. You know which ones I'm talking about :) Those trades when the market goes sideways but our capital goes South (pun 100% intended) - 2 days later, the price hasn't changed much but some lost some capital due to fees, being overexposed, buying the top/selling the bottom of a range they didn't identify. It's publicly known that ranges are the worst traders' enemy. It's boring, not fun, and .... end up moving in the direction we expected when we go to sleep or outside. NO ONE/BROKER/EX-GF is tracking your computer - I checked also for mine as it happened for me way too often in the past. I surely preferred blaming a few external unknown conditions than improving my TA back in the days #bad #dave But my backtest sir... Our backtests show what they're being told to show . A backtest without a stop-loss/hard exit logic will show incredible results. Then trying that backtest with live trading is like in the Matrix movie - discovering the real world is tough and we must choose between the blue pill (learning how to evaluate properly risk/opportunity caught) and the red pill (increasing the position sizing, not setting a stop loss, holding the positions hoping for the best) Last few words Convergences aren't invented because it's cool to mix indicators with others. (it is actually and even fun) They're created to remove most of the fakeouts . For those that can't be removed - a strong risk management would cut most of the remaining potential big losses. No system works 100% of the time - so a convergence system needs a back-up plan in case the converged signal is wrong (could be stop-loss, hard exit, reducing position sizing, ...) Wishing you the BEST and happy beginning of your week Daveatt
Indicator
by Daveatt
Multicolor Bollinger Bands - Market PhasesHi everyone Hope you're all doing well 😘 Today I feel gracious and decided to give to the community. And giving not only an indicator but also a trading method This trading method shows how a convergence based on moving averages is tremendous Multicolour Bollinger Bands indicator that indicates market phases. It plots on the price chart, thanks to different color zones between the bands, a breakdown of the different phases that the price operates during a trend. The different zones are identified as follows: - red color zone: trend is bearish, price is below the 200 periods moving average - orange color zone: price operate a technical rebound below the 200 periods moving average - yellow color zone: (phase 1 which indicate a new bearish cycle) - light green zone: (phase 2 which indicate a new bullish cycle) - dark green zone: trend is bullish, price is above the 200 periods moving average - grey color zone: calm phase of price - dark blue color zone: price is consolidating in either bullish or bearish trend - light blue zones: price will revert to a new opposite trend (either long or short new trend) By identifying clearly the different market phases with the multicolor Bollinger bands, the market entries by either a the beginning of a new trend or just after a rebound or a consolidating phase is easier to spot on. Trade well and trade safe Dave
Indicator
by Daveatt
6
MAC-Z & MACD Leader signal [ChuckBanger]This is a combination of my MACD Leader script and MAC-Z with option to add Laguerre filter. The advantage of the MAC-Z over MACD is that it is a more accurate and “assumption-free” indicator that can more accurately describe how a market actually perform. But you can use this as a regular MACD indicator. Crossovers signals The MAC-Z line and signal line can be utilized in the same way as a stochastic oscillator, with the crossover between the two lines providing buy and sell signals. As with most crossover strategies, a buy signal comes when the shorter-term, more reactive line – in this case the MAC-Z line (blue line) crosses above the slower signal line (orange line). For example, when the MAC-Z line crosses below the signal line it provides a bearish sell signal. Zero line crossing The zero cross strategy is based on either of the lines crossing the zero line. If the MAC-Z crosses the zero line from below, it is a signal for a possible new uptrend, while the MAC-Z crossing from above is a signal that a new downtrend may be starting. This is special powerful if the lines has a fast up or down movement but the price action doesn't reflect that movement. Divergences Bearish and bullish divergences is my favorite signals. When price action and oscillators follow the same path it is called Convergences, when they don’t, it’s called a Divergence. Don't confuse the two because they have not the same meaning. But be aware that for example during consolidation or low liquidity, some small divergences between price and indicators might form, but that doesn't mean we should consider them as real divergences. There is many different types of divergences. It is easier to show a picture then explaining it so I recommend you to check out the link below. Especially the top image. It sums this up very well medium.com MACD Leader The MACD leader is only showing the crossing of MACD as a vertical line Green vertical line = MACD Leader Bullish Cross Red vertical line = MACD Leader Bearish Cross MACD Leader: MAC-Z: More Information cssanalytics.wordpress.com en.wikipedia.org drive.google.com
Indicator
by ChuckBanger
MACD [Gu5]Extremely popular indicator MACD (Moving Average Convergence/Divergence) Same design of my previous indicators Show Cross Line for a better visualization ``` Setting recommended for BTC "Fast Length" = 21 "Slow Length" = 55 "Signal Smoothing" = 14 Other markets try "Fast Length" = 12 "Slow Length" = 26 "Signal Smoothing" = 9 ``` -- El MACD (Convergencia/Divergencia de Medias Móviles) es uno de los mas populares indicadores Continuando con el mismo estilo de diseño de mis anteriores indicadores Destaca el cruce de medias para una mejor visualización
Indicator
by gu5tavo71
1
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