The strategy uses the price channel indicator. In the chart, the price channel is displayed in black lines. Offset 1 candle to the right for clarity. The red line is the middle of the price channel.
You must use market stop orders.
If the price is higher than the top black line, open the long position (and close the short position)
The "AC-P" version of Jaggedsoft's RSX Divergence and Everget's RSX script is my personal customized version of RSX with the following additions and modifications:
LSMA-D line that averages in three LSMA components to form a composite, the LSMA-D line. Offset for the LSMA-D line is set to -2 to offset latency from averaging togther the LSMA components to form a...
The momentum strategy is simple, if price action is higher than it was for x bars back, and also higher than it was last candle, we have upwards momentum. This momentum will be positive until a candle closes lower than the previous candle and also lower than x bars back - at which point we have downwards momentum.
The concept behind the Momentum Strategy is that...
This nice script combine VWAP band and trend/forecast system based on it
/ode for band take from linear regression script from pine script manual and adopted to VWAP
Trend lines based on VWAP and forecast using Alex grover method with his approval for script
Together it a great too for...
Last year, I saw someone using the candle innovation called "RSI Candle" or "RSIC". so let me have the idea of making RSIB. the Candlestick was Steve Nison in the 1990s. He introduced the concept from Japan to America and published it in the book "Candlestick Course". Welles Wilder is the creator of the relative strength index. after several years of commodity...
This is the strategy for Super indicator
in reality we bet buy and sell signal on the info panel when its in open ,and it test result TV always put 1 candle after close
so this screw up the results for this indicator
for shorter tf increase Piz level to best fit, for longer tf you need short piz
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...
Envelopes indicators consist in displaying one upper and one lower extremity on the price chart. They are most of the time built by adding/subtracting a volatility estimator (rolling stdev, atr, range...etc) to a central tendency estimator (SMA, EMA, LSMA...etc). Their interpretation is often subject to debate amongst technical analyst, some will use...
SuperTrend indicator was developed by Olivier Seban. it shows trend direction. In addition,it provides buy/sell signal. while using super trend indicator, it is better to put stop loss. In fact, you can use the line for stop loss. In addition, you can also trail it as the price move in either direction. wish you a happy trade...
This is just attempt to make the Bollinger with the MTF function better for finding low or high
I set the TF to 720, you can adjust it to you your liking
the Bollinger mean is slightly calculated different
I think if we add more indicators to this template maybe we can improve it
CREDITS to @HPotter for the orginal code.
CREDITS to @Yo_adriiiiaan for recently publishing the UT Bot study based on the original code -
I just added some simple code to turn it into a strategy. Now, anyone can simply add the strategy to their chart to see the backtesting results!
While @Yo_adriiiiaan mentions it works best on a 4-hour timeframe or above, I...
Hello ladies and gentlemen
I'm back in my (almost daily) publishing challenge - to educate/show pinescript not commonly known tips
↑ Trend Direction ↓
Remember that script ?
I often use it to detect higher highs or lower lows. When an oblique/diagonal breaks, it indicates that a trend may move in the opposite direction.
Combining this along with other momentum...
One of the most powerful indicator based and divergence strategies i have ever seen was made by Constance Brown.
The Composite Index:
The best way to think of the Composite Index as it applies to the RSI is to think of the RSI as Windows 3.0 and the Composite Index as Windows 10. Constance Brown discovered that the RSI, while it does create and detect...