DEMA ATR Channels - New IndicatorA Double Exponential Moving Average (DEMA) with three sets of channel lines each one Average True Range (ATR) apart, above and below the DEMA.
Similar to my "ATR Channels" indicator, but using a DEMA instead of an EMA for the base. In addition, this indicator also plots a fast DEMA as well as a fill between the two. Fully customizable, you can toggle both DEMAs, the fill, and each set of ATR Channels.
ATR channel idea from Kerry Lovvorn as mentioned in Elder's "New Trading for a Living", page 93: "Kerry Lovvorn likes to plot 3 sets of lines around a moving average: at one, two, and three ATRs above and below an EMA . These can be used for setting up entry points and stops, as well as profit targets."
Chart Patterns
Volume Weighted Donchian ChannelsDonchian channels weighted with volume, they are now closer to the price and can cross it.
♒RBCI - Range Bound Channel Index by Cryptorhythms♒ RBCI - Range Bound Channel Index by Cryptorhythms
Intro
This is my best approximation of the RBCI. Its not perfect, but it does the job well enough.
A good way to use it is to enter when the singal line (light blue) RE ENTERS the channel from below. I circled these points on the indicator in green.
Description
Information to create was gathered mostly here: www.finware.com
RBCI (Range Bound Channel Index) – is calculated by means of the channel (bandwidth) filter (CF). Channel filter simultaneously fulfills two functions:
Removes low frequent trend formed by low frequent components of the spectrum with periods, more T2= 1/fc2;
Removes high frequency noise formed by the high frequent components of the spectrum with periods, less T1= 1/fc1.
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Motion To Attraction ChannelsIntroduction
Channels are used a lot on technical-analysis, however most of the them rely on adding/subtracting a volatility indicator to a central tendency indicator, sometimes the central tendency indicator can even be replaced by pure price. A great channel who does not rely on this kind of architecture is the Donchian channels or the quartiles bands. Here i propose a channel similar to the one made by Richard Donchian with some additional abilities.
The Channels
In my indicator, Motion To Attraction mean that the movement of an object a attract an object b , but we can resume this approach by saying that the longer a trend period is, the smaller the distance between each channels, for example if the price create a new highest then the lowest will move toward this new highest, each time coming closer. The philosophy behind this is that the longer a trend is the more probable it is that she will end.
The code reflect it this way :
here the parameter controlling the channel A (upper)
c = change(b) ? nz(c ) + alpha : change(a) ? 0 : nz(c )
this is traduced by : if channel b move then the parameter c become greater, if channel a move then reset the parameter , the parameter d do the same.
c is used to move the channel A, when c < 1 A is closer to the highest, when c = 1 A is in a central tendency point, when c > 1 A is closer to the lowest.
Slaving the Movement
It is possible to have a better control over the channels, this is done by making c and d always equal or lower than 1. Of course it could be another max value selected by the user.
In order to do that add c1 and d1 as parameter with c1 = c > 1 ? 1 : c , same with d1 but replace c by d.
Its safer to do this but i prefer how the channels act the other way, i will consider implementing this option in the future.
Conclusion
This channel indicator does not rely on past data thanks to recursion. The alpha variable at the start can also be adaptive, this let you make the channels adaptive even if such idea can add non desired results. Low length values can create effects where the lower channel can be greater than the higher one, this can be fixed directly in the code or using the method highlighted in the Slaving the Movement part.
Double Top Pattern IdentifierI believe the most of users know the Double Top Pattern, so I omit the introduction.
The algorithm uses 10 internal watchers to identify the incomplete M-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two possible tops.
By default, all watchers wait for bar closing to avoid repainting issues. You can switch off this option.
Additionally, you can shift up/down the signal labels to the preferred distance.
NOTE: the orange straight lines are not included.
Double Bottom Pattern IdentifierI think everybody knows the Double Bottom Pattern, so I omit the introduction.
The algorithm uses 8 internal watchers to identify the incomplete W-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two possible bottoms.
By default, all watchers wait for bar closing to avoid repainting issues. You can switch off this option.
Additionally, you can shift down the signal labels to the preferred distance and set an alert for a new pattern found.
NOTE: the blue straight lines are not included.
RSI ATR ChannelDraws a channel based on ATR (Average True Range) and RSI. Detects band touches and colors the background appropriately.
Trend Follower With Help of Donchian Channels - TFWHDCThis is a simple Day Trade indicator, but can be used for swing and long term trades.
It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows.
The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout occurs the current and the next bars are colored red (default). This way this indicator can show if its an uptrend or a downtrend.
I hope this indicator will be useful for many traders!
Thank you!
TMA channel (lirshah)The triangular moving average (also known as the TMA) is similar to other moving averages in that it shows the average price over a specified number of bars.
The purpose of the triangular moving average is to double smooth the price data, which will produce a line on your chart which doesn't react as quickly as an SMA would.
this channel has been plotted based on TMAs and can easily show trends and important key levels.
stochastic RSI channel (lirshah) this indicator plots stochastic RSI inside donchian channel.
0% stochastic rsi is coinciding with lower band while 100% stochastic rsi is matched on upper band
trend channel (lirshah)this indicator shows the trend lines and the channel which price fluctuate within, according to highest and lowest prices (historical data)
every line is calculated according to present bar and no repaint occurs.
scream channel (lirshah)scream channel indicator is an indicators, which shows extreme price actions.
when the blades are downward, the trend is downward and the price tend to falling, and also for upward blades.
scream channel is compatible with all markets and time-frames.
Bull and Bear ChannelGreen means buy and red means sell. Adjust according to your fits. Have to lock the code just in case someone will commercialise this.
AutoEnvelopeA channel that contains approximately 95% of all price data for the past 100 bars, about five months on a daily chart. It automatically plots correct channels for any trading vehicle in any timeframe.
AutoEnvelopeA channel that contains approximately 95% of all price data for the past 100 bars, about five months on a daily chart. It automatically plots correct channels for any trading vehicle in any timeframe.
Primary, Secondary and Tertiary TREND CHANNEL IndicatorDear Traders,
here I introduce my favorite indicator for find the trend channels with their primary, secondary and tertiary trend channel.
Every channel develops themself without any drawing tools. The best way to trade with this indicator is to trade breakouts from consolidations.
Consolidations (correction waves) you see, if the smaller trend is opposite the bigger trend.
Have fun and powerful trades!
Keltner Channel Strategy The Keltner Channel, a classic indicator
of technical analysis developed by Chester Keltner in 1960.
The indicator is a bit like Bollinger Bands and Envelopes.
WARNING:
- This script to change bars colors.
Keltner Channel The Keltner Channel, a classic indicator
of technical analysis developed by Chester Keltner in 1960.
The indicator is a bit like Bollinger Bands and Envelopes.
Multiple-Timeframe Keltner ChannelKeltner Channels are volatility-based envelopes set above and below a moving average first devised by Chester W. Keltner then later revised by Linda Bradford Raschke.
This script allows for the overlay of the Keltner Channel across multiple-timeframes.
Additionally allows for the selection of the true range average type with a user defined lookback period.
Default settings is the traditional type of KC seen on TV.
Note: When inputting the MA-Basis strings it is case sensitive; enter only lowercase or all uppercase. If a typo is made it will by default revert to an EMA base.
CryptoShadows V1The first Diagonal Support and Resistance indicator. Best for bitcoin and cryptocurrencies
