Macro Score - Dem. Fib. McGinley DynamicsA "macro score", as defined here, is created by giving various weights to different signals and adding them together to get one smooth score. Positive or negative values are assigned to each of the signals depending on if the statement is true or false (e.g. DPO > 0: +1, DPO < 0: -1). This manner of strategy allows for a subset of the available signals to be present at one time as opposed to every technical signal having to be active in order for a long/short signal to trigger.
The DFMG - Democratic Fibonacci McGinley Dynamic - is a separate indicator that we have released that takes 10 different Fibonacci McGinley Dynamics (lengths of 3 to 233, at Fibonacci intervals) and averages them to form the DFMG line. This helps by creating a consensus on the trend based on these dynamic lines alone. Crossovers of the DFMG with the various McGinley lengths as well as a cross of the price source and these lines can provide adequate long and short signals.
This strategy has the signals and weights pre-determined in the code. Heaviest weights have been given to crosses of the DFMG line/McGinley(233) as well as the crosses of the McGinley(3)/DFMG. Additionally, there are thresholds for DPO ( Detrended Price Oscillator , above or below 0), CMO ( Chande Momentum Oscillator , above or below 0), Jurik Volatility Bands (above or below 0), and Stoch RSI (above or below 50). These four signals hold a lighter weight than the McGinley cross signals.
The macro score itself is printed in an underlay as a white line that goes between -10 and 10 for this strategy. In addition to the macro score line, a green momentum line (sourced by the macro score itself) has been included. A crossover/crossunder of the macro score and the macro momentum line is included into the long/short signal syntax in addition to long and short thresholds for the macro score, defaulted to 5 and -5 respectively.
Take profit, stop loss, and trailing percentages are also included, found at the bottom of the Input tab under “TT and TTP” as well as “Stop Loss”. Make sure to understand the TP/SL ratio that you desire before use, as the desired hit rate/profitability percentage will be affected accordingly. The option for adding in a trailing stop has also been included, with options to choose between an ATR-based trail or a percentage-based trail.
This strategy does NOT guarantee future returns. Apply caution in trading regardless of discretionary or algorithmic. Understand the concepts of risk/reward and the intricacies of each strategy choice before utilizing them in your personal trading.
Profitview/Pineconnector Settings:
If you wish to utilize Profitview’s automation system, find the included “Profitview Settings” under the Input tab of the strategy settings menu. If not, skip this section entirely as it can be left blank. Options will be “OPEN LONG TITLE”, “OPEN SHORT TITLE”, “CLOSE LONG TITLE”, and “CLOSE SHORT TITLE”. If you wished to trade SOL, for example, you would put “SOL LONG”, “SOL SHORT”, “SOL CLOSE LONG”, and “SOL CLOSE SHORT” in these areas. Within your Profitview extension, ensure that your Alerts all match these titles. To set an alert for use with Profitview, go to the “Alerts” tab in TradingView, then create an alert. Make sure that your desired asset and timeframe are currently displayed on your screen when creating the alert. Under the “Condition” option of the alert, select the strategy, then select the expiration time. If using TradingView Premium, this can be open-ended. Otherwise, select your desired expiration time and date. This can be updated whenever desired to ensure the strategy does not expire. Under “Alert actions”, nothing necessarily needs to be selected unless so desired. Leave the “Alert name” option empty. For the “Message”, delete the generated message and replace it with {{strategy.order.alert_message}} and nothing else. If using Pineconnector, follow the same directions for setting up an alert, but use the " ,buy, ,risk=" syntax as noted in the tooltips.
Default Properties for AVAX 20M:
DPO - 35 , uncentered
CMO - 25, open
K/D - 3/3
RSI Stoch Length - 3
Stoch Length - 4
Stoch Source - open
JVB Length - 14
JVB Smoothing - 2
DFMG source - close
Macro Length - 14
TP % - 1.5%
TTP % - 0.005%
SL % - 1.8%, no trail
Oscylator Stochastyczny
Daryl IndicatorThis script is intended to give you signals when to buy or sell a FOREX pair based on a combination of exponential moving averages combined with the Stochastic indicator.
How Buy Signal is Triggered:
Close Price is above 200 EMA (1 Day timeframe)
Close Price is below the 20 EMA (4 Hour timeframe)
Low Price is above the 50 EMA (1 Day timeframe)
Stochastic is less than/equal to 20 (1 Day timeframe)
How Sell Signal is Triggered:
Close Price is below 200 EMA (1 Day timeframe)
Close Price is above the 20 EMA (4 Hour timeframe)
High Price is below the 50 EMA (1 Day timeframe)
Stochastic is greater than/equal to 80 (1 Day timeframe)
All the settings and timeframes of this indicator are adjustable. You can also set this up to send you alerts when a buy or sell signal is triggered.
NOTE - In this example:
200 EMA (1 Day timeframe) = white line
50 EMA (1 Day timeframe) = yellow line
20 EMA (4 Hour timeframe) = orange line
DEVIATION OF THE STOCHASTIC INDICATORThis new technical indicator uses the stochastic oscillator as its base and calculates the deviation of its moving average, generating an alternative view of market volatility.
Stochastic RSI ScreenerStochastic RSI Screener is built as an indicator and can be applied to any chart.
It gives users the ability to choose 5 specific symbols to watch and then specify the required options to change the RSI and Stochastic settings in a way that fits their needs.
This screener shows the values of (CURRENT PRICE, RSI, K-VALUE, D-VALUE) for each one of the specified symbols. It will do the calculations based on the currently opened timeframe for all symbols.
GKD-C Double Smoothed Stochastic of Momentum [Loxx]Giga Kaleidoscope Double Smoothed Stochastic of Momentum Confirmation is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is an NNFX algorithmic trading strategy?
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend (such as "Baseline" shown on the chart above)
3. Confirmation 1 - a technical indicator used to identify trends. This should agree with the "Baseline"
4. Confirmation 2 - a technical indicator used to identify trends. This filters/verifies the trend identified by "Baseline" and "Confirmation 1"
5. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown.
6. Exit - a technical indicator used to determine when a trend is exhausted.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 module (Confirmation 1/2, Numbers 3 and 4 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 5 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 6 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Leader Exponential Moving Average as shown on chart
Volatility/Volume: Volatility Ratio as shown on chart
Confirmation 1: Double Smoothed Stochastic of Momentum as shown on the chart above
Confirmation 2: Jurik Turning Point Oscillator
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Now that you have a general understanding of the NNFX algorithm and the GKD trading system. Let's go over what's inside the GKD-E Double Smoothed Stochastic of Momentum itself.
What is Double Smoothed Stochastic of Momentum?
The Double Smoothed Stochastic of Momentum demonstrates smoother indicators and therefore gives fewer false signals in comparison with the traditional oscillator.
The indicator is written in accordance with the description given in the book by Joe Dinapoli "Trading With DiNapoli Levels". This oscillator smoothing method leads to a filtering of the most "noise" component of the price movement.
The Double Smoothed Stochastic of Momentum indicator can be used in the strategies oriented to a standard stochastic. However, the stronger smoothing can lead to the loss of an array of signals. It is recommended to apply any trend indicator for more efficient use of the indicator and its signals filtering.
Signals
A GKD-C Confirmation indicator can be used as either a Confirmation 1, Confirmation 2, or Solo Confirmation indicator. See step 3 & 4 of the NNFX algorithm above to understand how this indicator fits into the GKD trading system. The Solo Confirmation setting allows you to test this indicator by itself without an additional GKD-C indicator present in the GKD protocol chain.
On the chart shown above, this indicator is shown as GKD-C Double Smoothed Stochastic of Momentum and is set to Solo Confirmation. The GKD-B Baseline, GKD-V Volatility Ratio, and this indicator satisfy the first three steps in the GKD trading system chain: GKD-B => GKD-V => GKD-C(solo).
The signals from each of these settings are as follows:
Confirmation 1 Signal
Initial Long (L): Double Smoothed Stochastic of Momentum crosses-up over middle-line*
Initial Short (S): Double Smoothed Stochastic of Momentum crosses-down under middle-line*
Continuation Long (CL): Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal**
Continuation Short (CS): Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): Double Smoothed Stochastic of Momentum crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): Double Smoothed Stochastic of Momentum is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, Double Smoothed Stochastic of Momentum crosses-up over the signal****
BL Recovery Continuation Short (RS): Double Smoothed Stochastic of Momentum is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, Double Smoothed Stochastic of Momentum crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the Double Smoothed Stochastic of Momentum then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Signal
Initial Long (L): Double Smoothed Stochastic of Momentum crosses-up over middle-line*
Initial Short (S): Double Smoothed Stochastic of Momentum crosses-down under middle-line*
Continuation Long (CL): Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal**
Continuation Short (CS): Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): Double Smoothed Stochastic of Momentum crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): Double Smoothed Stochastic of Momentum is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic of Momentum is still above middle-line; then, Double Smoothed Stochastic of Momentum crosses-up over the signal****
BL Recovery Continuation Short (RS): Double Smoothed Stochastic of Momentum is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic of Momentum is still below middle-line; then, Double Smoothed Stochastic of Momentum crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the Double Smoothed Stochastic of Momentum then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then Double Smoothed Stochastic of Momentum crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then Double Smoothed Stochastic of Momentum crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Continuation Long Confirmation 1 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 1 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-up over middle-line but Baseline is still in downtrend; and Double Smoothed Stochastic of Momentum crossed-up over middle-line on the same bar or XX bars in the future but Baseline is still in downtrend; then Baseline turns to uptrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic of Momentum crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic of Momentum is still above middle-line; then, The imported GKD-C Confirmation 1 crosses-up over the signal
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic of Momentum is still below middle-line; then, The imported GKD-C Confirmation 1 crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 2
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 2 (CS): Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): Double Smoothed Stochastic of Momentum is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, Double Smoothed Stochastic of Momentum crosses-up over the signal
BL Recovery Continuation Short (RS): Double Smoothed Stochastic of Momentum is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, Double Smoothed Stochastic of Momentum crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Both
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal; Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal within "Number of Bars Confirmation" bars in the future
Continuation Short Confirmation 2 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal; Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal within "Number of Bars Confirmation" bars in the future
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line and Double Smoothed Stochastic of Momentum is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, the imported GKD-C Confirmation 1 crosses-up over its signal, and Double Smoothed Stochastic of Momentum crosses-up over its signal within "Number of Bars Confirmation" bars in the future
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line and Double Smoothed Stochastic of Momentum is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, the imported GKD-C Confirmation 1 crosses-down under its signal, and Double Smoothed Stochastic of Momentum crosses-down under its signal within "Number of Bars Confirmation" bars in the future
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Both; Confirmation Type: (continuations don't change from the variations above)
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then Double Smoothed Stochastic of Momentum crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, Double Smoothed Stochastic of Momentum crosses-up over middle-line, then the imported GKD-C Confirmation 1 indicator crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then Double Smoothed Stochastic of Momentum crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, Double Smoothed Stochastic of Momentum crosses-down under middle-line, then the imported GKD-C Confirmation 1 indicator crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic of Momentum crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic of Momentum crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Solo Confirmation Signals
Initial Long (L): Double Smoothed Stochastic of Momentum crosses-up over middle-line
Initial Short (S): Double Smoothed Stochastic of Momentum crosses-down under middle-line
Continuation Long (CL): Double Smoothed Stochastic of Momentum is over middle-line, then crosses-up over the signal
Continuation Short (CS): Double Smoothed Stochastic of Momentum is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): Double Smoothed Stochastic of Momentum crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars
Post Baseline Cross Short (BS): Double Smoothed Stochastic of Momentum crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars
BL Recovery Continuation Long (RL): Double Smoothed Stochastic of Momentum above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic of Momentum is still above middle-line
BL Recovery Continuation Short (RS): Double Smoothed Stochastic of Momentum below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic of Momentum is still below middle-line
X-bar Rule settings
This rule only applies when this indicator "Confirmation Type" set to "Confirmation 2"
Requirements
Inputs: Confirmation 1 and Solo Confirmation: GKD-V Volatility/Volume indicator; Confirmation 2: GKD-C Confirmation indicator
Output: Confirmation 2 and Solo Confirmation: GKD-E Exit indicator; Confirmation 1: GKD-C Confirmation indicator
Additional features will be added in future releases.
This indicator is only available to ALGX Trading VIP group members . You can see the Author's Instructions below to get more information on how to get access.
GKD-C Double Smoothed Stochastic [Loxx]Giga Kaleidoscope Double Smoothed Stochastic Confirmation is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is an NNFX algorithmic trading strategy?
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend (such as "Baseline" shown on the chart above)
3. Confirmation 1 - a technical indicator used to identify trends. This should agree with the "Baseline"
4. Confirmation 2 - a technical indicator used to identify trends. This filters/verifies the trend identified by "Baseline" and "Confirmation 1"
5. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown.
6. Exit - a technical indicator used to determine when a trend is exhausted.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 module (Confirmation 1/2, Numbers 3 and 4 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 5 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 6 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Leader Exponential Moving Average as shown on chart
Volatility/Volume: Volatility Ratio as shown on chart
Confirmation 1: Double Smoothed Stochastic as shown on the chart above
Confirmation 2: Jurik Turning Point Oscillator
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Now that you have a general understanding of the NNFX algorithm and the GKD trading system. Let's go over what's inside the GKD-E Double Smoothed Stochastic itself.
What is Double Smoothed Stochastic?
The Double Smoothed Stochastic demonstrates smoother indicators and therefore gives fewer false signals in comparison with the traditional oscillator.
The indicator is written in accordance with the description given in the book by Joe Dinapoli "Trading With DiNapoli Levels". This oscillator smoothing method leads to a filtering of the most "noise" component of the price movement.
The Double Smoothed Stochastic indicator can be used in the strategies oriented to a standard stochastic. However, the stronger smoothing can lead to the loss of an array of signals. It is recommended to apply any trend indicator for more efficient use of the indicator and its signals filtering.
Signals
A GKD-C Confirmation indicator can be used as either a Confirmation 1, Confirmation 2, or Solo Confirmation indicator. See step 3 & 4 of the NNFX algorithm above to understand how this indicator fits into the GKD trading system. The Solo Confirmation setting allows you to test this indicator by itself without an additional GKD-C indicator present in the GKD protocol chain.
On the chart shown above, this indicator is shown as GKD-C Double Smoothed Stochastic and is set to Solo Confirmation. The GKD-B Baseline, GKD-V Volatility Ratio, and this indicator satisfy the first three steps in the GKD trading system chain: GKD-B => GKD-V => GKD-C(solo).
The signals from each of these settings are as follows:
Confirmation 1 Signal
Initial Long (L): Double Smoothed Stochastic crosses-up over middle-line*
Initial Short (S): Double Smoothed Stochastic crosses-down under middle-line*
Continuation Long (CL): Double Smoothed Stochastic is over middle-line, then crosses-up over the signal**
Continuation Short (CS): Double Smoothed Stochastic is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): Double Smoothed Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): Double Smoothed Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, Double Smoothed Stochastic crosses-up over the signal****
BL Recovery Continuation Short (RS): Double Smoothed Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, Double Smoothed Stochastic crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the Double Smoothed Stochastic then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Signal
Initial Long (L): Double Smoothed Stochastic crosses-up over middle-line*
Initial Short (S): Double Smoothed Stochastic crosses-down under middle-line*
Continuation Long (CL): Double Smoothed Stochastic is over middle-line, then crosses-up over the signal**
Continuation Short (CS): Double Smoothed Stochastic is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): Double Smoothed Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): Double Smoothed Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic is still above middle-line; then, Double Smoothed Stochastic crosses-up over the signal****
BL Recovery Continuation Short (RS): Double Smoothed Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic is still below middle-line; then, Double Smoothed Stochastic crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the Double Smoothed Stochastic then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then Double Smoothed Stochastic crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then Double Smoothed Stochastic crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Continuation Long Confirmation 1 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 1 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-up over middle-line but Baseline is still in downtrend; and Double Smoothed Stochastic crossed-up over middle-line on the same bar or XX bars in the future but Baseline is still in downtrend; then Baseline turns to uptrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic is still above middle-line; then, The imported GKD-C Confirmation 1 crosses-up over the signal
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic is still below middle-line; then, The imported GKD-C Confirmation 1 crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 2
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): Double Smoothed Stochastic is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 2 (CS): Double Smoothed Stochastic is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): Double Smoothed Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, Double Smoothed Stochastic crosses-up over the signal
BL Recovery Continuation Short (RS): Double Smoothed Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, Double Smoothed Stochastic crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Both
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal; Double Smoothed Stochastic is over middle-line, then crosses-up over the signal within "Number of Bars Confirmation" bars in the future
Continuation Short Confirmation 2 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal; Double Smoothed Stochastic is under middle-line, then crosses-down under the signal within "Number of Bars Confirmation" bars in the future
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line and Double Smoothed Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, the imported GKD-C Confirmation 1 crosses-up over its signal, and Double Smoothed Stochastic crosses-up over its signal within "Number of Bars Confirmation" bars in the future
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line and Double Smoothed Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, the imported GKD-C Confirmation 1 crosses-down under its signal, and Double Smoothed Stochastic crosses-down under its signal within "Number of Bars Confirmation" bars in the future
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Both; Confirmation Type: (continuations don't change from the variations above)
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then Double Smoothed Stochastic crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, Double Smoothed Stochastic crosses-up over middle-line, then the imported GKD-C Confirmation 1 indicator crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then Double Smoothed Stochastic crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, Double Smoothed Stochastic crosses-down under middle-line, then the imported GKD-C Confirmation 1 indicator crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, Double Smoothed Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Solo Confirmation Signals
Initial Long (L): Double Smoothed Stochastic crosses-up over middle-line
Initial Short (S): Double Smoothed Stochastic crosses-down under middle-line
Continuation Long (CL): Double Smoothed Stochastic is over middle-line, then crosses-up over the signal
Continuation Short (CS): Double Smoothed Stochastic is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): Double Smoothed Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars
Post Baseline Cross Short (BS): Double Smoothed Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars
BL Recovery Continuation Long (RL): Double Smoothed Stochastic above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while Double Smoothed Stochastic is still above middle-line
BL Recovery Continuation Short (RS): Double Smoothed Stochastic below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while Double Smoothed Stochastic is still below middle-line
X-bar Rule settings
This rule only applies when this indicator "Confirmation Type" set to "Confirmation 2"
Requirements
Inputs: Confirmation 1 and Solo Confirmation: GKD-V Volatility/Volume indicator; Confirmation 2: GKD-C Confirmation indicator
Output: Confirmation 2 and Solo Confirmation: GKD-E Exit indicator; Confirmation 1: GKD-C Confirmation indicator
Additional features will be added in future releases.
This indicator is only available to ALGX Trading VIP group members . You can see the Author's Instructions below to get more information on how to get access.
GKD-C DiNapoli Stochastic [Loxx]Giga Kaleidoscope DiNapoli Stochastic Confirmation is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is an NNFX algorithmic trading strategy?
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend (such as "Baseline" shown on the chart above)
3. Confirmation 1 - a technical indicator used to identify trends. This should agree with the "Baseline"
4. Confirmation 2 - a technical indicator used to identify trends. This filters/verifies the trend identified by "Baseline" and "Confirmation 1"
5. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown.
6. Exit - a technical indicator used to determine when a trend is exhausted.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 module (Confirmation 1/2, Numbers 3 and 4 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 5 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 6 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Leader Exponential Moving Average as shown on chart
Volatility/Volume: Volatility Ratio as shown on chart
Confirmation 1: DiNapoli Stochastic as shown on the chart above
Confirmation 2: Jurik Turning Point Oscillator
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Now that you have a general understanding of the NNFX algorithm and the GKD trading system. Let's go over what's inside the GKD-E DiNapoli Stochastic itself.
What is DiNapoli Stochastic?
The DiNapoli Stochastic demonstrates smoother indicators and therefore gives fewer false signals in comparison with the traditional oscillator.
The indicator is written in accordance with the description given in the book by Joe Dinapoli "Trading With DiNapoli Levels". This oscillator smoothing method leads to a filtering of the most "noise" component of the price movement.
The DiNapoli Stochastic indicator can be used in the strategies oriented to a standard stochastic. However, the stronger smoothing can lead to the loss of an array of signals. It is recommended to apply any trend indicator for more efficient use of the indicator and its signals filtering.
Signals
A GKD-C Confirmation indicator can be used as either a Confirmation 1, Confirmation 2, or Solo Confirmation indicator. See step 3 & 4 of the NNFX algorithm above to understand how this indicator fits into the GKD trading system. The Solo Confirmation setting allows you to test this indicator by itself without an additional GKD-C indicator present in the GKD protocol chain.
On the chart shown above, this indicator is shown as GKD-C DiNapoli Stochastic and is set to Solo Confirmation. The GKD-B Baseline, GKD-V Volatility Ratio, and this indicator satisfy the first three steps in the GKD trading system chain: GKD-B => GKD-V => GKD-C(solo).
The signals from each of these settings are as follows:
Confirmation 1 Signal
Initial Long (L): DiNapoli Stochastic crosses-up over middle-line*
Initial Short (S): DiNapoli Stochastic crosses-down under middle-line*
Continuation Long (CL): DiNapoli Stochastic is over middle-line, then crosses-up over the signal**
Continuation Short (CS): DiNapoli Stochastic is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): DiNapoli Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): DiNapoli Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, DiNapoli Stochastic crosses-up over the signal****
BL Recovery Continuation Short (RS): DiNapoli Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, DiNapoli Stochastic crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the DiNapoli Stochastic then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Signal
Initial Long (L): DiNapoli Stochastic crosses-up over middle-line*
Initial Short (S): DiNapoli Stochastic crosses-down under middle-line*
Continuation Long (CL): DiNapoli Stochastic is over middle-line, then crosses-up over the signal**
Continuation Short (CS): DiNapoli Stochastic is under middle-line, then crosses-down under the signal**
Post Baseline Cross Long (BL): DiNapoli Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars***
Post Baseline Cross Short (BS): DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars***
BL Recovery Continuation Long (RL): DiNapoli Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while DiNapoli Stochastic is still above middle-line; then, DiNapoli Stochastic crosses-up over the signal****
BL Recovery Continuation Short (RS): DiNapoli Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while DiNapoli Stochastic is still below middle-line; then, DiNapoli Stochastic crosses-down under the signal****
*All signals are shown regardless of Baseline and Volatility/Volume qualification
**All signals are shown regardless of Baseline qualification; however, when Baseline filter is active, only true continuations are shown. When the Baseline filter is not active, then all continuations are shown. True continuations are when the Baseline is active and maintains its uptrend/downtrend after the initial cross-up/cross-down over the middle-line respectively. This means that if the Baseline trend then moves against the DiNapoli Stochastic then any continuation signals are voided until another initial Long/Short. All continuations are will either show as regular continuations or be converted into recovery continuations
***All signals are shown regardless of Volatility/Volume qualification
****When the Baseline filter is active, some regular continuations are converted to recovery continuations and are shown. When the Baseline filter is not active, then these signals are not shown.
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then DiNapoli Stochastic crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then DiNapoli Stochastic crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Continuation Long Confirmation 1 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 1 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-up over middle-line but Baseline is still in downtrend; and DiNapoli Stochastic crossed-up over middle-line on the same bar or XX bars in the future but Baseline is still in downtrend; then Baseline turns to uptrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, DiNapoli Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while DiNapoli Stochastic is still above middle-line; then, The imported GKD-C Confirmation 1 crosses-up over the signal
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while DiNapoli Stochastic is still below middle-line; then, The imported GKD-C Confirmation 1 crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 2
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): DiNapoli Stochastic is over middle-line, then crosses-up over the signal
Continuation Short Confirmation 2 (CS): DiNapoli Stochastic is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): DiNapoli Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, DiNapoli Stochastic crosses-up over the signal
BL Recovery Continuation Short (RS): DiNapoli Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, DiNapoli Stochastic crosses-down under the signal
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Both
Initial Long (L): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Initial Short (S): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Continuation Long Confirmation 2 (CL): The imported GKD-C Confirmation 1 indicator is over middle-line, then crosses-up over the signal; DiNapoli Stochastic is over middle-line, then crosses-up over the signal within "Number of Bars Confirmation" bars in the future
Continuation Short Confirmation 2 (CS): The imported GKD-C Confirmation 1 indicator is under middle-line, then crosses-down under the signal; DiNapoli Stochastic is under middle-line, then crosses-down under the signal within "Number of Bars Confirmation" bars in the future
Post Baseline Cross Long (BL): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
Post Baseline Cross Short (BS): same as Confirmation 2 Confluence Background Color Signals; Confirmation Order: Regular; Confirmation Type: Confirmation 1
BL Recovery Continuation Long (RL): The imported GKD-C Confirmation 1 indicator is above middle-line and DiNapoli Stochastic is above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend; then, the imported GKD-C Confirmation 1 crosses-up over its signal, and DiNapoli Stochastic crosses-up over its signal within "Number of Bars Confirmation" bars in the future
BL Recovery Continuation Short (RS): The imported GKD-C Confirmation 1 indicator is below middle-line and DiNapoli Stochastic is below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend; then, the imported GKD-C Confirmation 1 crosses-down under its signal, and DiNapoli Stochastic crosses-down under its signal within "Number of Bars Confirmation" bars in the future
Confirmation 2 Confluence Background Color Signals; Confirmation Order: Both; Confirmation Type: (continuations don't change from the variations above)
Initial Long (L): The imported GKD-C Confirmation 1 indicator crosses-up over middle-line, then DiNapoli Stochastic crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, DiNapoli Stochastic crosses-up over middle-line, then the imported GKD-C Confirmation 1 indicator crosses-up over the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Initial Short (S): The imported GKD-C Confirmation 1 indicator crosses-down under middle-line, then DiNapoli Stochastic crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below); OR, DiNapoli Stochastic crosses-down under middle-line, then the imported GKD-C Confirmation 1 indicator crosses-down under the middle-line on the same bar or "Number of Bars Confirmation" bars in the future (see X-bar rule below)
Post Baseline Cross Long (BL): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, DiNapoli Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Post Baseline Cross Short (BS): The imported GKD-C Confirmation 1 crossed-down under middle-line but Baseline is still in uptrend; and, DiNapoli Stochastic crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below); OR, DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend; and, the imported GKD-C Confirmation 1 crossed-down under middle-line on the same bar or XX bars in the future but Baseline is still in uptrend; then Baseline turns to downtrend within "Maximum Allowable PSBC Bars Back" bars (see X-bar rule below)
Solo Confirmation Signals
Initial Long (L): DiNapoli Stochastic crosses-up over middle-line
Initial Short (S): DiNapoli Stochastic crosses-down under middle-line
Continuation Long (CL): DiNapoli Stochastic is over middle-line, then crosses-up over the signal
Continuation Short (CS): DiNapoli Stochastic is under middle-line, then crosses-down under the signal
Post Baseline Cross Long (BL): DiNapoli Stochastic crossed-up over middle-line but Baseline is still in downtrend, then Baseline turns to uptrend within XX bars
Post Baseline Cross Short (BS): DiNapoli Stochastic crossed-down under middle-line but Baseline is still in uptrend, then Baseline turns to downtrend within XX bars
BL Recovery Continuation Long (RL): DiNapoli Stochastic above middle-line. Baseline already crossed down into downtrend, then baseline crosses back up to uptrend while DiNapoli Stochastic is still above middle-line
BL Recovery Continuation Short (RS): DiNapoli Stochastic below middle-line. Baseline already crossed up into uptrend, then baseline crosses back down to downtrend while DiNapoli Stochastic is still below middle-line
X-bar Rule settings
This rule only applies when this indicator "Confirmation Type" set to "Confirmation 2"
Requirements
Inputs: Confirmation 1 and Solo Confirmation: GKD-V Volatility/Volume indicator; Confiration 2: GKD-C Confirmation indicator
Output: Confirmation 2 and Solo Confirmation: GKD-E Exit indicator; Confiration 1: GKD-C Confirmation indicator
Additional features will be added in future releases.
This indicator is only available to ALGX Trading VIP group members . You can see the Author's Instructions below to get more information on how to get access.
Table rsi multiframes(by Lc_M)- Simultaneous display of RSI values on cells corresponding to each selected timeframe, organized in an intuitive table, adjustable in size and position.
- Color indicator on each cell that presents RSI values within the overbought and oversold levels. example: if the user wants to set the O.S/O.B levels to 20 - 80, the colored cells will only appear at "RSI" => 80 and "RSI" <= 20.
- Free configuration of graphic times, lengths and O.B/O.S, according to user standards
Strategy Myth-Busting #5 - POKI+GTREND+ADX - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our fifth one we are automating is one of the strategies from "The Best 3 Buy And Sell Indicators on Tradingview + Confirmation Indicators ( The Golden Ones ))" from "Online Trading Signals (Scalping Channel)". No formal backtesting was done by them and resuructo messaged me asking if we could validate their claims.
Originally, we mimic verbatim the settings Online Trading Signals was using however weren't getting promising results. So before we stopped there we thought we might want to see if this could be improved on. So we adjusted the Renko Assignment modifier from ATR to Traditional and adjusted the value to be higher from 30 to 47. We also decided to try adding another signal confirmation to eliminate some of the ranged market conditions so we choose our favorite, ADX . Also, given we are using this on a higher time-frame we adjusted the G-Channel Trend detection source from close to OHLC4 to get better average price action indication and more accurate trend direction.
This strategy uses a combination of 2 open-source public indicators:
poki buy and sell Take profit and stop loss by RafaelZioni
G-Channel Trend Detection by jaggedsoft
Trading Rules
15m - 4h timeframe. We saw best results at the recommended 1 hour timeframe.
Long Entry:
When POKI triggers a buy signal
When G-Channel Trend Detection is in an upward trend (Green)
ADX Is above 25
Short Entry:
When POKI triggers a sell signal
When G-Channel Trend Detection is in an downward trend (red)
ADX Is above 25
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
Zig Zag Stochastic (ZZS)The "Zig Zag Stochastic" indicator is an indicator that uses a combination of zigzag pivot points and exponential smoothing to calculate a stochastic-like oscillator.
The indicator starts by identifying pivot high and pivot low points in the price data using the Zigzag indicator. These pivot points are then used to calculate the scale_price, which is a ratio of the current close price to the range between the current pivot high and pivot low.
Next, the scale_price is smoothed using exponential smoothing. The user can input the desired length of the smoothing period, with a default value of 14. If the user sets the smoothing length to 0, the indicator will automatically calculate the optimal smoothing length using the MAMA period calculation from the Dominant Cycle Estimators library.
The smoothed scale_price is then used to calculate two lines: the K-line and the D-line, both of which are also smoothed using exponential smoothing. The K-line is the main oscillator line and is similar to the %K line in a traditional stochastic oscillator. The D-line is a signal line, similar to the %D line in a traditional stochastic oscillator.
The indicator plots the smoothed scale_price, the K-line, and the D-line. Additionally, it includes horizontal lines at the 80 and 20 levels, and fills the area between them to help identify overbought and oversold conditions.
Adaptive RSI/Stochastic (ARSIS)As a trader, one of the most important aspects of technical analysis is identifying the dominant cycle of the market. The dominant cycle, also known as the market's "heartbeat," can provide valuable information on the current market trend and potential future price movements. One way to measure the dominant cycle is through the use of the MESA Adaptation - MAMA Cycle function, which is a part of the Dominant Cycle Estimators library.
I have developed an "Adaptive RSI/Stochastic" indicator that incorporates the MAMA Cycle function to provide more accurate and reliable signals. The indicator uses the MAMA Cycle function to calculate the period of the data, which is then used as a parameter in the calculation of the RSI and Stochastic indicators. By adapting the calculation of these indicators to the dominant cycle of the market, the resulting signals are more in tune with the current market conditions and can provide a more accurate representation of the current trend.
The MAMA Cycle function is a powerful tool that utilizes advanced mathematical techniques to accurately calculate the dominant cycle of the market. It takes into account the dynamic nature of the market and adapts the calculation of the period to the current conditions. The result is a more accurate and reliable measurement of the market's dominant cycle, which can be used to improve the performance of other indicators and trading strategies.
In conclusion, the Adaptive RSI/Stochastic indicator that I have developed, which incorporates the MAMA Cycle function, is a valuable tool for any trader looking to improve their technical analysis. By adapting the calculation of the RSI and Stochastic indicators to the dominant cycle of the market, the resulting signals are more in tune with the current market conditions and can provide a more accurate representation of the current trend.
Huge thank you to @lastguru for making this possible!
Stoch RSI 15 min - multi time frame tableABOUT THIS INDICATOR
This indicator calculates the Stochastic RSI for the time frames 15 min, 30 min, 1h, 4h, and 12h. However, the 15 min time frame should always be the default time frame for your chart.
IMPORTANT
* NOTE! It's extremely important that the chosen time frame for your chart is 15 min. Otherwise the Stochastic RSI for the longer time frames won’t be correctly calculated.
* Stochastic RSI will be calculated and displayed in a table for the time frames: 15 min, 30 min, 1h, 4h, 12h.
* All time frames are based on closed bars except the "15minR" that are realtime updated values calculated on a 15 min time frame.
ABOUT STOCHASTIC RSI
The Stochastic RSI (StochRSI) is a momentum indicator that ranges between 0 and 100. A Stochastic RSI value above 80 is considered overbought and below 20 is considered oversold.
By using different time frames you can get a better idea of what direction the trade could take in a "longer" perspective.
SETTINGS
1.) Length RSI = 14 (default period)
2.) Smoothing parameter of Stochastic RSI (Length Moving Average = 3) . Moving average of stochastic RSI
* By default the displayed Stochastic RSI values are smoothed values of the actual Stochastic RSI. The smoothnes is formed by a calculated moving average of with the length of 3 by default.
If you want Stochastic RSI with a sharper signal (higher risk for "false alarms" being more sensitive) change the Length Moving Average to = 1 (no smoothness at all)
You can see the selected "Length RSI" and "Length Moving Average" on top of the Stochastic RSI table.
Next version of this script will be updated with more a more flexible solution for different time frames.
* NOTE, Tradingview comes with a inbuilt Stochastic RSI. See the the chart below. The blue line in the Stochastic-RSI chart represents (K value = 3) the same value as the script calculate/display in the table.
inverse_fisher_transform_adaptive_stochastic█ Description
The indicator is the implementation of inverse fisher transform an indicator transform of the adaptive stochastic (dominant cycle), as in the Cycle Analytics for Trader pg. 198 (John F. Ehlers). Indicator transformation in brief means reshaping the indicator to be more interpretable. The inverse fisher transform is achieved by compressing values near the extremes many extraneous and irrelevant wiggles are removed from the indicator, as cited.
█ Inverse Fisher Transform
input = 2*(adaptive_stoc - .5)
output = e(2*k*input) -1 / e(2*k*input) +1
█ Feature:
iFish i.e. output value
trigger i.e. previous 1 bar of iFish * 0.90
if iFish crosses above the trigger, consider a buy indicated with the green line
while, iFish crosses below the trigger, consider a sell indicate by the red line
in addition iFish needs to be greater than the previous iFish
Bender Stochastic MTF With Buy & Sell SignalsA stochastic indicator is a technical analysis tool that uses random data points to forecast price changes in a financial security. It compares the closing price of a security to its price range over a set period of time. The indicator is designed to indicate when a security is overbought or oversold by comparing the closing price to the price range over a certain number of periods. A stochastic indicator can be used to identify potential buying or selling opportunities. It is often used in conjunction with other technical analysis tools to provide a more comprehensive analysis of market conditions.
Configurable Indicator Signals
Signal on k & d Stochastic Line Crosses
Invalidate Signal if not in a overbought or oversold pressure zone
Invalidate signal on neutral zone breach
Invalidate signal on reverse cross
Invalidate signal after a user set number of bars
Delay signal until the cross is considered strong by calculating the distance between the stochastic lines the a user set threshold
Please Note:
This indicator is also embedded in the Bender Bot strategy script. Signals and confluence identified by this indicator can be used to autonomously mange strategies. The below settings will not have any effect on this indicator's functionality when used as a stand alone indicator.
Bender Bot Strategy Confluence
Close any open trade on reverse k & d Stochastic line crosses
Require any signal and Stochastic directional confluence before opening any trade
Require any signal and Stochastic pressure to be in confluence before opening any trade
Require any signal to be in directional confluence with the Stochastic signal
Key Points of Adjoining Median (KPAM)This indicator shows more reliable overbought & oversold levels buy combing 3 different level-indicators (i.e., indicators showing overbought/oversold levels).
A median is created by adjoining two of them and then it is assisted by a third one.
This reduces noise in calculating entries when using level indicators.
Note: The extra indicator shown is "Bands Bands (BanB)"
----- HOW TO USE IT -----
Use with price-action trading and with indicators showing the overall trend.
See notes in chart for more explanation.
The high and low levels of the RSI are within a range of 2 & -2 respectively.
The high and low levels for the median range from 4 & -4 respectively.
The Discordance shows how certain the level of the median is.
For example, if a part of the Discordance touches a low level while the median is at a higher level, then it usually indicates that the median is about to reverse.
The more Discordance that is visible, the less certain the current trend of the median is.
----- HOW THIS INDICATOR IS ORIGINAL; WHAT IT DOES AND HOW IT DOES IT -----
This indicator has an original, unique ability to reduce noise when comparing overbought and oversold levels.
It does this by first adjoining the Stochastic and the Stochastic RSI. Second, it creates a median from the two.
Third, the median is compared to the RSI on the same scale to assist in deciding where the median is at in relation to itself.
It shows whether the median lows and highs are near overbought or oversold levels.
----- VERSION -----
This is not a variant of the Stochastic, Stochastic RSI, and/or the RSI.
The focus is on the median that is created by an adjoining of the Stochastic and Stochastic RSI.
The Stochastic and Stochastic RSI are needed in order to obtain and plot the Median and the Discordance.
The RSI is plotted on the same scale to serve as the comparison needed to evaluate the Median levels with more visual accuracy.
Smooth Stochastic and RSI ComboA lot of people run both stochastic and rsi on one chart so I figured I would make something that combines the two. This script takes both the rsi and the stochastic, smooths them both and then plots them both on top of each other. I have filled it to make an error range and I colored it with the direction of its mean. I hope this frees up some room on your screen! Enjoy!
ps this is not stochastic rsi, its both stochastic and rsi.
Vector ScalerVector Scaler is like Stochastic but it uses a different method to scale the input. The method is very similar to vector normalization but instead of keeping the "vector" we just sum the three points and average them. The blue line is the signal line and the orange line is the smoothed signal line. I have added the "J" line from the KDJ indicator to help spot divergences. Differential mode uses the delta of the input for the calculations. Here are some pictures to help illustrate how this works relative to other popular indicators.
Vector Scaler vs Stochastic
Vector Scaler vs Smooth Stochastic RSI
average set to 100
average set to 200
Macro Score - TSI-BasedA "macro score", as defined here, is created by giving various weights to different signals and adding them together to get one smooth score. Positive or negative values are assigned to each of the signals depending on if the statement is true or false (e.g. DPO > 0: +1, DPO < 0: -1). This manner of strategy allows for a subset of the available signals to be present at one time as opposed to every technical signal having to be active in order for a long/short signal to trigger.
This strategy has the signals and weights pre-determined in the code. Heaviest weights have been given to various TSI (True Strength Index) signals, including a crossover/crossunder of TSI signal and TSI value, a threshold for the TSI Signal (above or below 0), and a crossover/crossunder of the CMO (Chande Momentum Oscillator) and the TSI signal line. Additionally, there are thresholds for DPO (Detrended Price Oscillator, above or below 0), Jurik Volatility Bands (above or below 0), and Stoch RSI (above or below 50). These three signals hold a lighter weight than the three TSI signals.
The macro score itself is printed in an underlay as a white line that goes between -10 and 10 for this strategy. In addition to the macro score line, a red momentum line (sourced by the macro score itself) has been included. A crossover/crossunder of the macro score and the macro momentum line is included into the long/short signal syntax in addition to a threshold for the macro score (-6/6).
Take profit, stop loss, and trailing percentages are also included, found at the bottom of the Input tab under “TT and TTP” as well as “Stop Loss”. Make sure to understand the TP/SL ratio that you desire before use, as the desired hit rate/profitability percentage will be affected accordingly. This strategy does NOT guarantee future returns. Apply caution in trading regardless of discretionary or algorithmic. Understand the concepts of risk/reward and the intricacies of each strategy choice before utilizing them in your personal trading.
Profitview Settings:
If you wish to utilize Profitview’s automation system, find the included “Profitview Settings” under the Input tab of the strategy settings menu. If not, skip this section entirely as it can be left blank. Options will be “OPEN LONG TITLE”, “OPEN SHORT TITLE”, “CLOSE LONG TITLE”, and “CLOSE SHORT TITLE”. If you wished to trade SOL, for example, you would put “SOL LONG”, “SOL SHORT”, “SOL CLOSE LONG”, and “SOL CLOSE SHORT” in these areas. Within your Profitview extension, ensure that your Alerts all match these titles. To set an alert for use with Profitview, go to the “Alerts” tab in TradingView, then create an alert. Make sure that your desired asset and timeframe are currently displayed on your screen when creating the alert. Under the “Condition” option of the alert, select the strategy, then select the expiration time. If using TradingView Premium, this can be open-ended. Otherwise, select your desired expiration time and date. This can be updated whenever desired to ensure the strategy does not expire. Under “Alert actions”, nothing necessarily needs to be selected unless so desired. Leave the “Alert name” option empty. For the “Message”, delete the generated message and replace it with {{strategy.order.alert_message}} and nothing else.
Adulari OscillatorThis indicator is included with Adulari Professional.
Adulari Oscillator is a trading tool that can be used on any asset, and any given timeframe. It is special because it self-optimizes, meaning no configuration is required before usage.
How do I use it?
Never use this indicator as standalone trading signal, it is meant to be used as confirmation.
Look for strong trends crossing on the middle line.
Combine the trend strength indications with the signals. For example: if a bullish signal was printed after a strong downtrend this may indicate a strong reversal.
The accuracy shown in the indicator is merely a tool. Past results do not indicate future results. Historical data will differ from future data.
Features:
Self-optimizing, no configuration required.
Purple dots for bullish trend reversals, gray crosses for bearish trend reversals.
Gradient histogram that shows the strength of a bullish or bearish trend with a stronger color.
White line that indicates clear bottoms or tops.
Automatically determined top and bottom borders that may show trend reversals.
Dashboard that shows the accuracy of the signals, total amount of signals, total amount won, and total amount lost.
Alert conditions that allow you to set alerts for bullish or bearish signals.
How does it work?
The oscillator line is calculated using our custom version of the very well-known and loved stochastic. The bullish signals are given when the oscillator value falls below the oversold line, and the bearish signals when the oscillator value exceeds the overbought line. These oversold and overbought lines are determined by our algorithm. The accuracy shown in the dashboard is calculated with the following methods: the highest or lowest price within the lookback range divided by the price at the moment of a signal multiplied by the minimum percentage change. When this condition is true it means a signal was valid and thus it will be added to the total wins, when the condition is false it will be added to the total losses. Accuracy is then determined by dividing the total wins by total signals. A win is when the minimum percentage move in the settings occurred within x amount of bars (settings) after a signal. When these conditions are not met, it will be considered a loss. Keep in mind that this is not a trading strategy, and these wins/losses do not represent actual trades. The accuracy also does not represent a winrate or anything of a sort while using the indicator.
This script is unique because it does a few things. It self-optimizes based on historical data, which I was not able to find in this specific stochastic like oscillator format. And it will show you the average accuracy of the signals based on all the signals given on the chart, which I was not able to find in this same exact format either.
Rob Booker Reversal Tabs StrategyRob Booker Reversal Tabs Strategy is an updated version of Rob Bookers Reversal Tab study: Rob Booker Reversal Tabs
While the original is a Pinescript study, this version can be switched between strategy and indicator mode.
Rob Bookers script generates reversal signal based on MACD and Stochastics, it is not a true reversal system, default pyramiding value is set to 5.
Inputs determine MACD and Stochastics settings. The only additional input is the "Strategy Mode" checkbox.
This script works well on its own for some tickers, but like any reversal pattern generating scripts, traders will profit from looking at overall price action and trend strength before making a trade.
From the original:
A simple reversal pattern indicator that uses MACD and Stochastics.
Created by Rob Booker and programmed by Andrew Palladino.
Please note that I only updated the original to V5 and edited it to be a strategy, which was a grand total of 5 minutes of work. I updated it because I wanted to see how the script performs as a strategy and I'm publishing it in case others would like to use it. I take no credit whatsoever for the original and WILL take this version down if Rob Booker or his Team ask me to or decide to release their own strategy version of the original.
Check out Rob Bookers scripts and ideas on his Tradingview account: robbooker
Stochastic Buy Sell with EMA TrendStochastic Buy Sell with EMA Trend is combination of two indicators only.
The Stochastic Oscillator ( STOCH ) is a range bound momentum oscillator. The Stochastic indicator is designed to display the location of the close compared to the high/low range over a user defined number of periods. Typically, the Stochastic Oscillator is used for three things; Identifying overbought and oversold levels, spotting divergences and also identifying bull and bear set ups or signals.
The Exponential Moving Average (EMA) is a specific type of moving average that points towards the importance of the most recent data and information from the market.
1) Stochastic - It is giving signal whenever cross happen in oversold or overbought zone.
2) EMA 200 - EMA 200 is used to identify market trend.
Long :
If stochastic giving buy signal and price is over 200 EMA.
Short :
If stochastic giving sell signal and price is below 200 EMA.
Stochastic Smooth Relative Strength Index (SSRSI)This is Stochastic RSI but it uses smoothed RSI instead. You use it the same as any other Stochastic RSI :)
The features in this scripts are: RSI Length, Extra Smoothing, Extra Smooth RSI Filter, Stochastic Length, and K and D.
I hope you find this release useful!
The Stochastic RSI indicator ( Stoch RSI ) is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user defined period of time. The Stochastic RSI is an oscillator that calculates a value between 0 and 1 which is then plotted as a line. This indicator is primarily used for identifying overbought and oversold conditions.
