This indicator analyzes short-term price action on index futures and options charts by applying Rational Quadratic kernel smoothing to detect sideways consolidation ranges and potential breakouts. It processes pivot highs and lows over customizable loopback pe
Indicator · Pine Script v5 · On the chart
EFELER-DDT
EFELER-DDT plots multiple moving average overlays and pivot-based support and resistance levels directly on the price chart.
Repaints
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code759
Settings40inputs
LicenceNone stated
Last update2 years ago5 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
EFELER-DDT calculates dual Weighted Moving Averages (9 and 15 WMA), three standard Exponential Moving Averages (20, 50, and 200 EMA), and three monthly higher-timeframe EMAs (14, 34, and 55 EMA). Crossovers and crossunders between the short WMAs generate visual buy and sell labels. Additional pivot settings manage dynamic support and resistance detection. The higher-timeframe monthly EMAs recalculate continuously during open monthly periods.
- Dual WMA crossover signals
- Short and long-term EMA overlays
- Monthly multi-timeframe moving averages
- Configurable pivot support and resistance lines
Details
Published by
Kalumur on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| WMA-1 | int | 9 | len1 |
| WMA-2 | int | 15 | len2 |
| EMA-1 | int | 20 | len3 |
| EMA-2 | int | 50 | len4 |
| EMA-3 | int | 200 | len5 |
| Length | int | 14 | ma6_len |
| Source | source | close | src6 |
| EMA14AYLIK | timeframe | 1M | res6 |
| Length | int | 34 | ma7_len |
| Source | source | close | src7 |
| EMA34AYLIK | timeframe | 1M | res7 |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 55 | ma8_len |
| Source | source | close | src8 |
| EMA55AYLIK | timeframe | 1M | res8 |
| Pivot Period | int | 10 | prd |
| Source | string | High/Low | ppsrc |
| Maximum Number of Pivot | int | 20 | maxnumpp |
| Maximum Channel Width % | int | 10 | ChannelW |
| Maximum Number of S/R | int | 5 | maxnumsr |
| Minimum Strength | int | 2 | min_strength |
| Label Location | int | 20 | labelloc |
| Line Style | string | Dashed | linestyle |
| Line Width | int | 1 | linewidth1 |
| Direnç Rengi | color | color.rgb(214, 0, 0) | resistancecolor |
| Destek Rengi | color | color.rgb(37, 138, 0) | supportcolor |
| Pivot Noktalarını Göster | bool | false | showpp |
| Geçmiş çubuk sayısı | int | 300 | history_bars |
| Destek Rengi | color | color.new(#260097, 0) | col_sup |
| Destek Çizgi Stili | input | line.style_solid | style_sup |
| Destek Çizgi Kalınlığı | int | 2 | width_sup |
| Direnç Rengi | color | color.new(#d40000, 0) | col_res |
| Direnç Çizgi Stili | input | line.style_solid | style_res |
| Direnç Çizgi Kalınlığı | int | 2 | width_res |
| Çözünürlük (çubuklar) | int | 6 | xx1 |
| Swing High/Low Length | int | 10 | swing_length |
| History To Keep | int | 20 | history_of_demand_to_keep |
| ARZ/TALEP KUTUSU GENİŞLİĞİ | float | 10 | box_width |
| Show Zig Zag | bool | false | show_zigzag |
| Show Price Action Labels | bool | false | show_price_action_labels |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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