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 second one we are automating is the " Braid Filter: The Indicator That Will...
Back with another great high hit rate strategy!!
Disclaimer* This strategy was sampled using source code written by @ClassicScott , as referred to in the script, there is a clear line where the source code was scripted by myself.
This Strategy consists of three key factors, the ALMA, EMA crossover, and a Stochastic Rsi
ALMA: The Alma is the step line...
This indicator draws support line and resistance lines in the price chart.
How ?
For drawing the support/resistance line we need to first determine the demand and supply.
We are using too-familiar indicator RSI to determine when the script is oversold and overbought.
Now oversold (in RSI) is not a point, it’s a zone. The RSI indicator comes below 30, stays...
It is a simple indicator that provides buy or sell signals based on the intersection of two EMAs and a simple moving average (SMA). once the Relative Strength Index has confirmed it. For greater accuracy, add additional indicators like stochastic RSI, MACD, etc. Use only for intraday trading, Not for Positional Trading
Andean Scalping Implementation - BETA
- Uses Andean Oscillator: alpaca.markets
- Implements a threshold moving average (SMA 1000) on the Andean Signal line at 1.1 factor to filter out small moves
- TP/SL using ATR bands at 3x multiplier
This plots the overbought and oversold (70 and 30) levels from RSI on price, there are often levels where a market will bounce or retrace/reverse.
By default it shows 15 min, 60 min and 4 hour levels but I intend to make these configurable along with some other stuff. For now it works how I use it, nice and simple
Aroon Oscillator (AO).
The Aroon Oscillator, was developed by Tushar Chande, in 1995, to highlight the start of a new trend and to measure trend strength.
I re-branded a bit the whole thing, If you are familiar with how this Oscillator usually is, you are going to notice the differences.
Aroon Oscillator Components.
1 - Aroon Up -> Bullish Directional...
This strategy uses a trend based indicator (MACD) for entry/exit signals with a momentum oscillator (RSI) to act as confirmation. Although relying on a trend based indicator this has been created for range bound crypto markets, which have been in a period of chop since June 2022.
Long/Short signals are generated from MACD with the RSI oscillator thresholds...
The purpose of strategy is to detect long-term uptrend and short-term downtrend so that you can easy to take profit.
The strategy also using BHD unit to detect how big you win and lose, so that you can use this strategy for all coins without worry about it have different percentage of price change.
ENTRY
The buy order is placed on assets that have...
Relative strength rank is a momentum indicator based on combination of short and long term strength combined with ATR to adjust for current volatility.
The Multi timeframe version long with signals only above or below +1 and -1 provide quite reliable signals and entries for pullback levels.
The RSR signal has been smoothed with EMA.
RSI Hull Trend is a hybrid indicator with RSI of HULL Signal. The Hull MA is combined with RSI to see if the Hull MA Buy/Sell Signal is in overbought or oversold condition. Buy Sell Signals are plotted based on settings of OB/OS or RSI. This indicator is very useful to see if the Trend is in Exhaustion or Beginning of a Trend. Entry and Exit conditions can be...
Originally from Goldminds. Later modified by Jakub a Babo. I just added RSI DIV alerts. You're welcome. :)
Instruction: once you have have this indicator and press Alt + A to create alert.
This oscillator for the Elliott Theory has been invented by Tom Joseph and it's useful to correctly count the impulsive and corrective waves.
Its difference compared to a simple MACD is the peculiarity to use the ratio between the Fast SMA (default period set to 5) and the Slow SMA (default period se to 35).
The used formula is as below:
( (fast_SMA / slow_SMA)...
This strategy is commonly used both in forex and stock markets for reversal trading. when the rsi line reaches and crosses simultaneously at 3 rsi setups i.e at 7, 14, and 21, a signal is generated.
This strategy works best in 1-hour timeframe. It provides over 60 to 80 percent accuracy in 1-hour timeframe.
In the stock market, this strategy provides an...
An update to my original Currency Strength script to include a 2nd timeframe for more market context.
Changed the formatting slightly for better aesthetics, as the extra column and colors became unsightly.
Also added a new setting for "Flat Color", which changes the value background to a simple green/red for above or below 50, rather than using the Color Scale...
Price Power & Under Current.
This is an updated version of the script I had shared earlier namely 'GDM Power Cross'
I have added under current and have removed upper an lower bands.
How to Trade:
Similar to various Moving Average cross over strategies; this indicator can be used to trade crossovers of Price Powers.
Lengths I have used as default are 7, 9 and 21....
This is the trader's dynamic index inspired by Steve Mauro's BTMM strategy.
In addition to the RSI, Trendline, Baseline, Volatility Bands I have also included additional trend biases that are painted in the background to provide more confluence when the markets break out in either direction.
For convenience, a position size calculator is included for all users...
![BTCPERP: Strategy Myth-Busting #2 - Braid Filter+ADX+EMA-Trend - [MYN]](https://s3.tradingview.com/z/ZmsAUj1J_mid.png "Strategy Myth-Busting #2 - Braid Filter+ADX+EMA-Trend - [MYN]")
![ABNB: TDI - Traders Dynamic Index [Goldminds] with DIV RSI Alerts](https://s3.tradingview.com/i/icgDMhsW_mid.png "TDI - Traders Dynamic Index [Goldminds] with DIV RSI Alerts")
