It's a remake of the previous script but for use in reverse positions at the same time.
In this script the reality could be even better than the Backtest, because, only close the position with profit, so profitability should be 100%, and Longs and Shorts don't mix because they are independent.
In real trade, you need an exchange that allows you to go in reverse...
The lime line is the high-price candle of the previous day.
The red line is the low-price candle of the previous day.
If the price is above the lime line, open the long position (and close the short position).
If the price is below the red line, open the short position (and close the long position).
Market stop orders are recommended.
This is based on Lazy Bear famous script of Wave trend
So in basic we do MTF on it
One can choose to use the signal of the MTF (circles red or green for buy and sell)
or the regular buy and sell by cross green /red
to the script one can add if it cross the 0 above or bellow (not done here)
the MTF is taken from pinescripter example how to avoid repainting , so...
This indicator shows how to avoid repainting when using the security() function to retrieve information from higher timeframes.
What do we mean by repainting?
Repainting is used to describe three different things, in what we’ve seen in TV members comments on indicators:
1. An indicator showing results that change during the realtime bar, whether the script is...
1 - Quick introduction
This script is to demonstrate a proof-of-concept - showing you again what you thought wasn't possible might become (with some tricks) in the realm of possibles !!!.
I get requests for people who want a custom screener because the native TradingView Stocks/Forex/Crypto screeners don't allow to plug external...
So I use deveat trade manager with my modification (you can find his script in the indicator section)
if you scroll down you can put your entry point (which ever you want ) , in this example according to linear channel and forecast channel +daily pivot point I estimate that a good entry is around 9945 , so my exit point will be 3% 5% and 10% and my stop loss is...
Fast smooth indicators that produce early signals can sound utopic but mathematically its not a huge deal, the effect of early outputs based on smooth inputs can be seen on differentiators crosses, this is why i propose this indicator that aim to return extra fast signals based on a slightly modified max-min normalization method. The indicator...
So how this super trend is different?
answer is simple =instead to use the source as close we use modified sma at length of 50 (length of curve)
by this way we can make it to act little different
the rest is just to find best setting for each case
Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice.
Updated source: pastebin.com
Use the updated source instead of the what TV shows below.
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
This update to the previous HMA-Kahlman Trend, Clipping & Trendlines script features the same structure with the three modules:
- Trendlines module,
- NEW Winsorizing submodule using difference-based filtering.
- HMA-Kahlman Trend module.
The Winsorizing submodule filters signals by a volume level, eliminating the ones with the volume below a threshold. This...
The trend-step indicator (or auto-line) was based on volatility and aimed to spot trends in an adaptive way, however the indicator was only based on volatility and didn't gave much attention to the trend, later on i would publish an efficient version of it (efficient auto-line) based on the efficiency ratio who could adapt to the trend and eliminate...
Displays delta volume columns using intrabar volume information. Each volume column is divided into three sections: buying, selling and neutral volume. Volume for each section is determined from the volume and price movement of each intrabar at a user-selected lower resolution.
- Choice of color themes for either dark or light chart...
This Lazy Bear wave trend in MTF version with take profit and stop loss rebuy
you can change the MTF using the security call
and many nice option to see insid3e
so you can play with it, modify it or make it better
This is just template to build up better indicator on it
So in basic we have modified trend SMA which is fast length 10 to detect fast changes
then we weis volume (done by lazy bear)
Bollinger channel with my addition of trend lines
the median is based on basis line of the channel
so good long entry spot are when trend is positive , weis positive and rsi...
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