The old adage goes "Cut losers fast and let the winners run" With this in mind, this will plot a dynamic trailing stop by subtracting any multiplier of the Average True Range (ATR) from the SMA of your choice.
This indicator finds possible points of reversion, you can use it to stack positions and get a good average price for when the price changes direction, it is the trader responsibility to manage the position and make a profit. -Added alerts
The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J....
This is user 100PipsADay's strategy ,third screen strategy , or triple screen strategy. But this version uses the impulse system to determine trend (uses macd histogram and ema directions). Remember, you must use on 1 hr timeframe in order to have the correct parameters.
Attention! This is a beta version of the strategy script >> << A backtest should only be done if you understand how the options work. Otherwise, do a test in the release version
Example how to set the time range window to be backtested for both entries and exits. Additional examples are also included showing how to set the date range and toggle plot visibility. By incorporating this code with your own strategy's logic, it will allow you to backtest various time windows. Much gratitude to @LucF and @a.tesla2018 for help with including...
HeiKin LoFi - Crossover With Alerts The goal of this indicator is to plot stoch, rsi, ema values "as if" the chart is a true price action based on a Heiken-Ashi Chart. It can also be used on a regular candle stick setting or the original Heikin Ashi chart. The script is currently under development and additional updates will be added based on performance from a...
This is 100PipsADay third screen strategy all coded in one script, when condition is met (macd daily historam>0 and W%R oversold) we have buying condition and vice versa. You must use on 1 hr timeframe in order to have the correct parameters.
This indicator is coded to have all the setting to have the triple screen trading system by Dr . Alexander Elder. You can use different oscillator and can switch between elder force index (for more active traders) and stochastic (for more conservative approach) you just have to check or uncheck the relative button on the indicator setting, it will switch...
The Ribbon is a simple concept and is visually attractive to help take away some of the guess work around trend, and help make entry and exit decisions - it plots the difference in value between the (weighted moving) average closing price against the mid-point price - with an option to take a slightly longer length (factor) for the mid-point average for better...
The Hitman indicator is a tool to detect momentum swings in the market. Its intention is to identify good entry and exit points and alert you to have a closer look at the charts. It can be used on any chart, timeframe or market. This script is meant to build your alerts on. For backtesting different settings we recommend you to use the "THE HITMAN Strategy...
We do not like to stare at the screen whole day, instead we like to jump where the action is.... The Screener was written with this in mind CHK AIH (ACTION IS HERE!)-ALMA BASED SCREENER FEATURES User can enter 3 Resolutions of his/her choice User can select 3 Mov Avg Length of his her choice, which would be identical for all the three timeframes User can...
The Hitman indicator is a tool to detect momentum swings in the market. Its intention is to identify good entry and exit points and alert you to have a closer look at the charts. It can be used on any chart, timeframe or market. In detail we measure the strength of a trend by different values like volatility , price averages and trend momentum and calculates for...
The Hitman indicator is a tool to detect momentum swings in the market. Its intention is to identify good entry and exit points and alert you to have a closer look at the charts. It can be used on any chart, timeframe or market. In detail we measure the strength of a trend by different values like volatility, price averages and trend momentum and calculates for...
The Ichimoku Cloud is a hybrid indicator combining numerous technical indicators that show support and resistance levels, as well as indicating momentum and trend direction. Ichimoku does so by taking multiple, pre-set price moving averages and plotting them on the chart in line form. It also uses these inputs to create a "cloud" which intends to forecast where...
The Percentage Price Oscillator(PPO) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. Similar to the Moving Average Convergence/Divergence(MACD), the PPO is comprised of a signal line, a histogram and a centerline. Signals are generated with signal line crossovers, centerline...