This script is intended to show the trend of MACD and EMA across multiple time frames. Some strategies require positive or negative trends across multiple time frames prior to taking a trade. This allows one to see all of them at one time.
Settings
- EMA
- EMA Period – Default to 45
- Include 5 minute EMA
- Include 15 minute EMA
- Include 1 hour EMA
- Include 4 hour EMA
- MACD
- Fast MACD – Default 12
- Slow Signal – Default 26
- Smooth MACD / Signal – Default to 9
- Include 1 minute MACD
- Include 2 minute MACD
- Include 5 minute MACD
- Spacing <– this needs some work as soon as you turn on the indicator; if anyone has a better solution feel free to share
- Title Bar Location – will display starting at candle 6
- Trend Bar Location- will display starting at candle 1
- First Line Location – This is the line location where the first line of data will appear within the new panel
- Line spacing – what the spacing should be between lines
- Visual
- Show Date – if you are interested in when the trend change select this. Default is true
- Uptrend color – default to Green arrow
- Downtrend color – defaults to Red arrow
- Display in data box – defaults to true. If false it will not display
- DrawOnPricePanel = false <– this is nard coded and prevents this from showing n the main display
- You will always need to have this display in its on panel
- Panel
MACDEMATrendMultiTimeFrame
- Serialization Issue with Brushes: brush properties marked with XmlIgnore
PTZ Linear Regression Channel Indicator
This indicator helps you visualize the trend and potential reversal points by plotting a linear regression channel on your price chart. It includes customizable bands based on standard deviations.
Features:
- Linear Regression Line: Plots the main regression line based on the specified period.
- Customizable Period: Adjust the number of bars used for the calculation to fine-tune the regression line.
- Standard Deviation Bands: Includes two customizable bands that represent standard deviations from the main regression line, aiding in identifying overbought or oversold conditions.
- Color and Width Customization: Personalize the appearance of the regression line and bands with customizable colors and line widths.
Parameters:
- Period: Number of bars used for the linear regression calculation.
- Band 1 Std Devs: Standard deviations for the first band.
- Band 1 Enabled: Option to enable or disable the first band.
- Band 2 Std Devs: Standard deviations for the second band.
- Band 2 Enabled: Option to enable or disable the second band.
- Main Line Color: Color of the main regression line.
- Main Line Width: Width of the main regression line.
- Band 1 Color: Color of the first band lines.
- Band 1 Width: Width of the first band lines.
- Band 2 Color: Color of the second band lines.
- Band 2 Width: Width of the second band lines..
Usage: The PTZ Linear Regression Channel Indicator is easy to use and highly customizable, making it suitable for traders of all levels. Whether you are looking to identify trends, potential reversal points, or overbought/oversold conditions, this indicator provides the visual tools necessary for effective technical analysis.