OPEN-SOURCE SCRIPT
Adaptive Master Indicator (AMI)
The Adaptive Master Indicator (AMI) is a powerful, all-in-one trading tool designed to help traders identify trends, generate buy/sell signals, and manage risk effectively. It combines multiple technical indicators (EMA, RSI, MACD, ADX, ATR) into a single, easy-to-use script that dynamically adapts to market conditions.
Key Features:
Dynamic Indicators:
EMA, RSI, and MACD adapt to market volatility for better accuracy.
Support/Resistance Levels:
Clearly plotted to identify key price levels.
Divergence Detection:
Spot bullish/bearish divergences for potential reversals.
Buy/Sell Signals:
Clear signals based on trend strength, momentum, and volume.
Trend Highlighting:
Visualizes bullish/bearish trends with background colors.
Customizable Settings:
Adjust parameters like ATR Length, EMA Period, and RSI Period to fit your trading style.
How to Use:
Customize Settings:
Adjust input parameters (e.g., ATR Length, EMA Period) to fit your trading strategy.
Trade Signals:
Buy Signal: Price above EMA, RSI > 50, MACD line > Signal line, and ADX > 25.
Sell Signal: Price below EMA, RSI < 50, MACD line < Signal line, and ADX > 25.
Trend Analysis:
Use the dynamic EMA and trend highlighting to identify strong trends.
Key Features:
Dynamic Indicators:
EMA, RSI, and MACD adapt to market volatility for better accuracy.
Support/Resistance Levels:
Clearly plotted to identify key price levels.
Divergence Detection:
Spot bullish/bearish divergences for potential reversals.
Buy/Sell Signals:
Clear signals based on trend strength, momentum, and volume.
Trend Highlighting:
Visualizes bullish/bearish trends with background colors.
Customizable Settings:
Adjust parameters like ATR Length, EMA Period, and RSI Period to fit your trading style.
How to Use:
Customize Settings:
Adjust input parameters (e.g., ATR Length, EMA Period) to fit your trading strategy.
Trade Signals:
Buy Signal: Price above EMA, RSI > 50, MACD line > Signal line, and ADX > 25.
Sell Signal: Price below EMA, RSI < 50, MACD line < Signal line, and ADX > 25.
Trend Analysis:
Use the dynamic EMA and trend highlighting to identify strong trends.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.