TradeChartist Volatizer™TradeChartist Volatizer (Volatility Visualizer) is an exceptionally well designed script that helps visualize Price Volatility and Momentum with the help of various Visual components including Volatizer Bands and Mean line, Support/Resistance levels, Trade Signals and much more. Volatizer's ability to filter trades based on Volatizer Bands, initial Support/Resistance breach, along with the use of External Filter makes it an extremely functional and a useful indicator in addition to its visually engaging design.
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™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹
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𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗕𝗮𝗻𝗱𝘀
Volatizer Bands comprises of an Upper Band, a Lower Band and a Mean line, that form the important components of this script. These bands are based on consolidation of various factors including comparison of volatility and Higher Time Frame (HTF) Momentum with that of the chart time frame. This helps visualize relative Volatility of the chart's price action in relation to the bands and the mean line. The width and the acceleration of the bands depend upon two of the only user inputs required in this script. They are
Volatizer Length - This is the lookback length required to plot the strength of the price action. This length also determines the Volatizer Levels and Fills that help visualize Volatility and Momentum of the asset observed/traded. Higher the length, longer the trend and higher the Risk:Reward ratio
Sensitivity - Users can choose one of 3 Sensitivity options ( Low , Optimal , High ) to adjust the degree of sensitivity of the Bands' reaction to the price action. High Sensitivity Bands react quicker to the price action based on underlying logic.
Example : 1hr chart of BINANCE:ETHUSDT using 24/High on the left and 24/Low on the right.
𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗠𝗲𝗮𝗻
Volatizer mean is a critical component of the Bands as it can determine the nature of the price action based on how the price tests the Volatizer Mean. When the price is extremely volatile or trending and when it is influenced by Bull or Bear momentum, the Mean line can be the magnet for Pull Backs or Throw Backs. Mean Touch Points can be enabled or disabled from the settings.
Example - 1hr chart of BINANCE:ETHUSDT clearly showing the use of the Mean line and Orange Mean Touch Points.
Example - 1hr chart of BINANCE:ETHUSDT with Volatizer Levels/Fills enabled on the left and disabled on the right.
𝗜𝗻𝗶𝘁𝗶𝗮𝗹 𝗦𝘂𝗽𝗽𝗼𝗿𝘁/𝗥𝗲𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗟𝗲𝘃𝗲𝗹𝘀
Volatizer plots automatic Initial Support/Resistance Levels when this option is enabled. This is based on the user input of Length and Sensitivity.
Example - 1hr chart of BINANCE:BTCUSDT with Initial Support/Resistance Levels enabled. Initial range for support/resistance is shown on the chart.
𝗣𝗿𝗼𝗳𝗶𝘁 𝗧𝗮𝗸𝗶𝗻𝗴 𝗭𝗼𝗻𝗲𝘀
Volatizer uses a clever logic that helps detect volatility exhaustion prices and plots $ signs to help the trader take profits or move stop loss levels to secure gains or to exit trade position. This option can be enabled or disabled by checking or unchecking Display Profit Taking Zones . These zones can also be important support/resistance zones based on the trend volatility and momentum.
Example - 1hr chart of BINANCE:BTCUSDT (Setting - 24/Low) showing $ signs to help traders. (Green $ for Bull Zones and Red $ for Bear Zones)
𝗧𝗿𝗮𝗱𝗲 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗮𝗻𝗱 𝗧𝗿𝗮𝗱𝗲 𝗙𝗶𝗹𝘁𝗲𝗿𝘀
The script can also be used to plot Trade Signals automatically with or without the use of Trade Filters. When the price shows bullish or bearish momentum when the price crosses above or below the mean, Bull or Bear plot appears on the chart to signal potential trend change. These signals can be filtered using one, two or all three filters listed below.
Filter Initial S/R Level Breakouts - Plots Signals only when the initial Support/Resistance levels get breached.
Filter using Volatizer Bands - Plots Signals only when the Upper/Lower bands get breached.
External Filter - Plots Signals only if crossover/breakout criteria of External Filter (Oscillatory or Non-Oscillatory Signal) is satisfied.
Example Charts for Trade Signals/ Filters using 1hr chart of NASDAQ:AMD (Setting - 24/Optimal)
1. Trade Signals without any filter
2. Trade Signals using Initial S/R Level Breakout Filter only
3. Trade Signals using Volatizer Bands Filter only
4. Trade Signals using External Filter - MDO (144) with 0 Filter values along with other 2 built in filters
𝗔𝗹𝗲𝗿𝘁𝘀
Alerts can be created using Trading View's Alert Creation box by choosing one of the following Volatizer Conditions.
Long - Alerts when Bull signal is generated. Use Once Per Bar Close
Long Take Profit - Alerts when $ signs are plotted during Bull Zone. Use Once Per Bar
Short - Alerts when Bear signal is generated. Use Once Per Bar Close
Short Take Profit - Alerts when $ signs are plotted during Bear Zone. Use Once Per Bar
Test of Mean - Alerts when price tests the Volatizer Mean line. Use Once Per Bar
Note: The indicator doesn't repaint even though a potential repaint warning appears when creating alerts. This can be confirmed by doing bar replay with vertical lines at various lines and trend change zones to get confidence using the indicator. The vertical lines will stay in the same place on both current time and when running a bar replay.
𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗩𝗶𝘀𝘂𝗮𝗹𝘀
Visual settings like Colour scheme, Colour Bars, Fill Transparency and Initial Support/Resistance Linewidth can be adjusted/changed from the settings under Volatizer Visuals section.
𝗛𝗼𝘄 𝘁𝗼 𝘂𝘀𝗲 𝗩𝗼𝗹𝗮𝘁𝗶𝘇𝗲𝗿 𝗟𝗲𝗻𝗴𝘁𝗵 𝗮𝗻𝗱 𝗦𝗲𝗻𝘀𝗶𝘁𝗶𝘃𝗶𝘁𝘆 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲𝗹𝘆
1. As mentioned in the manual above, higher the length, longer the trend and higher the Risk:Reward ratio.
2. Sensitivity affects the frequency of the signals in general. Low Sensitivity will generate less frequent signals and High Sensitivity will generate more frequent signals as the Sensitivity affects how quickly the Bands react to the price action.
3. As a rule of thumb, it is recommended to use relevant numbers that seem to work well as Volatizer Length. These can be Fibonacci numbers like 5, 8 , 13, 21, 34, 55, 89, 144 etc. These can also be chart timeframe multipliers that relate to Higher Time Frame (HTF). For example, using 24 on 1hr chart will help see Volatizer Bands based on Daily volatility and momentum, 72 on 15m chart for 4hr trend and so on.
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There are several combinations of settings that can be tested on the asset traded based on timeframe and risk/reward expectations. The indicator can be used for trade entries with filter combinations or can be used as standalone Visualizer for trend confirmations, levels etc.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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Trendfollowing
TEF - Trend Entry FinderWith the Trend Entry Finder indicator you can use an EMA ribbon to see if a trend is established (e.g. EMA lines dont intersect and go in one direction). Long and short signals are generated with potential entries into the trade.
Also the 20, 50 and 200 moving averages are displayed that can be used to spot levels of resistance.
CAPITALCOM:US100
Trend Bounce [racer8]I discovered this mechanical trading system titled "This Algo Strategy Has Only 3 rules and 62% Win Rate".
I coded the trading system on Tradingview...and now I am introducing it to you guys.
I modified the system so that it has both buy & sell signals.
I've tested it repeatedly in different markets on TV including stocks, currency pairs, bitcoin, and commodities...and it works!
A buy signal is generated whenever the current close is below the previous 7-day low and the current close is above the 200 period moving average.
A sell signal is generated whenever the current close is above the previous 7-day high and the current close is below the 200 period moving average.
The system also has a 2-ATR stop loss which I coded.
This system is unique in that it has both trend-following and reversal elements in it.
The system trades short-term reversals while obeying the long-term trend.
Essentially, you are buying the dips of bullish trends! & selling at the peaks of bearish trends!
Enjoy ♡
RP trend readerThis tool is a momentum reader
You can use this tools at any timeframe
When the momentum is meet the condition then it will show the signal
The signal are "Buy" and "Sell"
Buy means that you Long or exit your Short at the price
Sell means that you Short or exit your Long at the price
There's pivot line at there
Pivot line is showing how strong the momentum right now
If the price above or way above the pivot line then the uptrend is strong (very bullish)
If the price below or way below the pivot line then the downtrend is strong (very bearish)
Don't blindly Buy or Sell just because the signal is coming out
Combine it with the market structure, look at the big picture instead lower TF and the edge is yours
The best entry is when the price bounce close to the pivot point
Be carefull with the sideway or choppy market. You can see that the price is going up and down at the pivot line and the signals come out quite often
Follow your trading plan, be patience (don't FOMO) and be discipline with your plan... Cheers...
FiboDonchianDonchian channels were developed by Richard Donchian, the father of trend following. The two outer bands are plotted as the highest high and lowest low for a set period of time.
In the FiboDonchian, the channel is divided into 3 zones according to Fibonacci levels:
0-0.382 (Bullish Zone)
0.382-0.618 (Neutral Zone)
0.618-1(Bearish Zone)
These levels will usually act as support and resistance during trends, and will reverse depending on the direction of the trend (e.g. in an uptrend the .382 is above the .5 and during a downtrend it is below).
An option to color candles according to the trend is given, with the following logic:
-During uptrends, candles will turn bullish when a new high is made and will remain in this state as long as price closes in the upper zone. Below this zone price turns neutral until a new high or low is made.
-During downtrends, candles will turn bearish when a new low is made and will remain like this provided that price closes in the lower zone. Above this zone price turns neutral until a new low or high is made.
Enjoy!!
TradeChartist Trend Splitter ™TradeChartist Trend Splitter is a visual Trend spotting script based on two simple models fused together - Dynamic Volatility Bands and Dynamic Mean Bands. The fusion of these two models based on user defined parameters of length, Volatility Risk and Mean Bands type, along with optional Trend Splitter color bars and Trend background split will make it visually engaging for any trader to understand the price action.
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Trend Splitter User Manual
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Trend Splitter settings has option to enable and disable the Volatility Bands and also the Mean Bands.
Under each heading, user can adjust the parameters to suit the trading style, based on time-frame traded.
Volatility Bands track the price action based on volatility trend lookback (Default - 55, MIn - 5, Max - 337) and also uses a Detector plot based on user defined risk (Default is 2.618, Min - 0.618, Max - 5) to continuously track the price action.
Mean Bands track the Mean values of the price action based on TradeChartist's original Mean Reversion Model based on one of 4 time tested Fib Lengths (Default - 55, Options - 55, 89, 144, 233, 337) and detects the price testing of Mean using Orange touchpoints.
Using Price Action in relation to both Volatility Bands and the Mean Bands, the script creates Mean Bands filtered Trend splits that plot Bull or Bear Trend background.
The Mean Bands Filter can be disabled for Trend Splits by just disabling Mean Bands from the settings. Also the option to display Trend Split background can also be enabled or disabled from the settings.
The settings also includes a useful feature to enable or disable coloured price bars using one of 3 colour themes.
Users can create alerts for Price testing mean, Bull and Bear trends using Long or Short from Trend Splitter's Alert Condition.
The indicator doesn't repaint even though a potential repaint warning appears when creating alerts. This can be confirmed by doing bar replay with vertical lines at various lines and trend change zones to get confidence using the indicator. The vertical lines will stay in the same place on both current time and when running a bar replay.
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Example Charts
1. 5m chart of BINANCE:AXSUSDTPERP using Trend Splitter (144, 2.618, Normal, 55) and TradeChartist Momentum Drift Oscillator (144 with Drift Visualizer). The Trend Splitter and MDO combo work brilliantly on Lower Time Frames and even on 15s/30s charts with MDO length of 144.
Best Practice - Always wait for a very long trend (over 337 bars on both MDO and Trend Splitter before taking a reverse trend trade at either Exhaustion or Super OB/OS zones of MDO) when using very low time-frames.
2. 5m chart of NYSE:PLTR using Trend Splitter (144, 3.618, Normal, 55) connected to TradeChartist Fib Master to plot Automatic Fibs. Just use Trend Identifier of Trend Splitter from Fib Master signal dropdown from settings, having both scripts active on chart.
3. Daily chart of OANDA:XAUUSD using Trend Splitter (using only Mean Bands - Weighted/144) to spot areas of support and resistance at Mean Bands.
Best Practice - Mean Bands can also act as confirmation indicator when used with other Trading View Indicators like RSI, Stohastic, Bollinger Bands etc.
4. Daily chart of COINBASE:ETHUSD using Trend Splitter (55, 0.618, Weighted, 55) connected to TradeChartist Plug and Trade to show Trend Splitter based Entries with Targets and Past Performance to assess the settings parameters in Trend Splitter. Just use Trend Identifier of Trend Splitter from Plug and Trade signal dropdown from settings, having both scripts active on chart.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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Breakout Trend Follower V2This is a variation on my other Breakout Trend Follower script. In the other script, you can use a moving average to act as a filter for your trades (i.e. if the price is below the moving average, it won't go long). After making the tool that detects trends on higher timeframes, I wanted to see if that might be a better filter than a moving average.
So this script lets you look at higher time frame trends (i.e. are there higher highs and higher lows? If so, this is an uptrend). You only take trades when you are with the trend. You have the ability to select up to two trends to act as a filter. Each trend direction is shown on a table on the chart for easy reference. The current pivot highs and lows are plotted on the chart so you can see when you might be breaking both the current timeframe's trend and higher level trends.
What I found was that in general this does not perform as well as the other strategy, but it does seem to be a lot more picky with trades. Showing higher win rates and a better profit factor. It just takes a lot less trades and the net profit isn't as good.
Keltner TrendThis indicator takes the concept of Keltner Channels and uses them as a trend following system by using a deviation band of 1 ATR, such that when the price closes above the upper band a bull trend is predicted to follow, and when the price closes below the lower band the start of a bear trend is assumed.
Only 1 band is plotted at all times depending on the bias of the trend.
Default settings are a 21 EMA as a centerline with a 13 period ATR.
Enjoy!
Momentum Trading By Mahfuz AzimA following indicator is Momentum Trading that uses fast QQE crosses with Moving Averages
Use for trend direction filtering. QQE or Qualitative Quantitative Estimation is based
Relative strength index (RSI), but uses a smoothing technique as an additional transformation. Three crosses can be selected (all selected by default)
Trend Follow SystemTrend following algorithm:
We take 1- 5 Fibonacci Ema values. 21, 34, 55, 89, 144
2- We normalize the changes of these values over time between 1-100.
3- We take the ema value of 1 length so that it does not follow a horizontal course after the normalization process.
4- In order not to experience too much change, we take the value of sma with a length of 5.
5-We think that when all values are 100, the trend is up, when all values are 0, the trend is down, otherwise the trend is horizontal.
CryptoKillerCryptoKiller is a trend following trading system. It provides entry and exit points, a money management system and a trade management system.
The entry points (fuchsia line) are determined by CryptoKiller Oscillator (see other published script to understand how the oscillator works).
The trade management system provides the exit points in profit and in loss. This script works with multiple take profits (green lines), the initial position is liquidated little by little as the trend reaches the profit targets. Trade management also provides trailing stop exits to save the remaining profits.
Stop loss (red line) take into account the recent past of the chart to be determined, while take profits are fixed and have been calculated based on historical volatility.
The money management system is very simple, it plans to enter a position with a fixed percentage with respect to equity.
CryptoKiller, during an operation, also draws supports and resistances on the chart - determined by the oscillator (orange lines) these supports and resistances are used as a filter to understand where there is the greatest probability of trend development (some entry points provided by the oscillator will therefore not be considered by CryptoKiller as entry points, as in disagreement with the traced supports / resistances).
We know that an error appears in the backtest calculation, where the script is said to suffer from a bias, so the backtest calculation may not be accurate. Actually this happens in high times like H4 or daily, but CryptoKiller is not designed for these timeframes. it is a short-term strategy.
For more information read the author's instructions to contact us, we will send a PDF file with a more complete explanation of the strategy accompanied by screenshots.
Access to this script is granted along with access to CryptoKiller Oscillator.
PMA Strategy IdeaThis strategy idea uses three EMAs on HLC/3 data, know as PMA(Pivot Moving Average). This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in QuantCT app. The study version of this idea is published in public library as ACD PMA .
You can set operation mode to be Long/Short or long-only.
You also can set a fixed stop-loss or ignore it so that the strategy act solely based on entry and exit signals.
Trade Idea
When all EMAs are rising, market is considered rising (bullish) and the plotted indicator becomes green.
When all EMAs are falling, market is considered falling (bearish) and the plotted indicator becomes red.
Otherwise, market is considered ranging and the plotted indicator becomes orange.
Entry/Exit rules
Enter LONG if all EMAs are rising (i.e. when the plotted indicator becomes green).
Enter SHORT if all EMAs are falling (i.e. when the plotted indicator becomes red).
EXIT market if none of the above (i.e. when the plotted indicator becomes orange).
CAUTION
It's just a bare trading idea - a profitable one. However, you can enhance this idea and turn it into a full trading strategy with enhanced risk/money management and optimizing it, and you ABSOLUTELY should do this!
DON'T insist on using Long/Short mode on all instruments! This strategy performs much better in Long-Only mode on many (NOT All) trending instruments (Like BTC , ETH, etc.).
Momentum Strategy IdeaThis strategy idea uses two, fast and slow, momentum indicators for trade setups and exits. This is a fast reacting strategy which is very useful in trending instruments on 1D and 4H timeframes. This is the implementation used in QuantCT app.
You can set operation mode to be Long/Short or long-only.
You also can set a fixed stop-loss or ignore it so that the strategy act solely based on entry and exit signals.
Trade Idea
When both momentum indicators are positive, asset is considered rising ( bullish ) and the plotted indicator becomes green.
When both momentum indicators are negative, asset is considered falling ( bearish ) and the plotted indicator becomes red.
Otherwise, asset is considered ranging and the plotted indicator becomes orange.
Entry/Exit rules
Enter LONG if both momentum indicators are greater than zero (i.e. when the plotted indicator becomes green).
Enter SHORT if both momentum indicators are lower than zero (i.e. when the plotted indicator becomes red).
EXIT market if none of the above (i.e. when the plotted indicator becomes orange).
CAUTION
It's just a bare trading idea - a profitable one. However, you can enhance this idea and turn it into a full trading strategy with enhanced risk/money management and optimizing it, and you ABSOLUTELY should do this!
DON'T insist on using Long/Short mode on all instruments! This strategy performs much better in Long-Only mode on many (NOT All) trending instruments (Like BTC , ETH, etc.).
EMAC - Exponential Moving Average Cross - StudyEMAC - Exponential Moving Average Cross - Study
This is the short Study version of EMAC that has been optimized for TradersPost alerts only
For the original full Strategy version with many editable inputs please see EMAC - Exponential Moving Average Cross
For the full Strategy version with the best currently known optimized inputs (average best settings across 26 tickers) please see EMAC - Exponential Moving Average Cross - Optimized
EMAC - Exponential Moving Average Cross - OptimizedEMAC - Exponential Moving Average Cross - Optimized
This is the full Strategy version with the best currently known optimized inputs with the average best settings across the following 26 tickers:
QQQ
TQQQ
SPY
SPXL
AAPL
AMZN
TSLA
BYND
CRWD
DDOG
ESTC
FSLY
MDB
NVDA
PINS
PTON
ROKU
SHOP
SQ
TDOC
TWLO
APPS
CHWY
DKNG
ETSY
FVRR
For the short Study version of EMAC that has been optimized for TradersPost alerts only please see EMAC - Exponential Moving Average Cross - Study
For the original full Strategy version with many editable inputs please see EMAC - Exponential Moving Average Cross
Maximized Scalping On Trend (by Coinrule)" The trend is your friend. " This is one of the most famous and valuable teachings that experienced traders can give to newbies. There is a reason for that.
No matter your views about where the price moves, what matters is where the price heads to . The market is always right, and ultimately it decides who gets the profit and who has to take a loss.
The purpose of this strategy is to spot when it's the most suitable time to buy an asset profiting from a potential short-term price increase. The strategy tends to open trades frequently, closing them on average in one and a half days.
ENTRY
The buy order is placed on assets that present strong momentum when it's more likely that it is about to increase further in the short term.
To capture momentum on the asset, the rule strategy requires:
the MA50 greater than the MA100
the RSI greater than 50
The rule, then, places the order when
The price crosses above the MA9.
EXIT
This strategy comes with a stop loss and a take profit which adapt dynamically to market conditions.
The trade is closed in profit when the RSI is greater than 70 , as the trend could experience a pull-back.
Alternatively, the trade is closed when the RSI is lower than 30 , being this a sign of weakening of the trend.
Pro tip : The 1-hour time frame has proven to return the best results on average. The strategy can also work well in the 15-min time frame if you want to increase the trades' frequency.
The strategy assumes each order to trade 30% of the available capital and opens a trade at a time. A trading fee of 0.1% is taken into account.
Breakout FinderHelo All,
I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one.
The options:
"Period" is used to find Pivot Points
"Max Breakout Length" is the maximum length to search breakouts
"Threshold Rate %" is channel width of the breakout area. calculated using highest/lowest of last 300 bars.
"Minimum Number of Tests" is the minimum number of tests that the Price tried to break the S/R level
and some options for coloring and linestyle
Lets see some examples:
in this example "Minimum Number of Tests" is 2 so the Price must have tested to break resistance area 2 times and then it breaks it as seen in the screenshot:
in following example Threshold rate is %10, so the channel width is very big:
as you can see in followinf screenshot you can choose different colors and line styles:
Alerts added ;)
Enjoy!
The Trending Band IndicatorThis indicator shows the trend of the market. The middle line is the 200-day moving average because it shows the long term trend of the market. However, since the market does give fake signals of going up and down through the 200-day moving average, I had to put a band on it to push through the fake signals. The first band around the middle line is 1 standard deviation of historical volatility which gives an area of cushion to prevent fake signals. The goal is if the stock is above the first top band, then the stock is in an uptrend. If the stock is below the first bottom band, then the stock is in a downtrend. If it is the middle of the first bands, then the stock is known to be rangebound.
The top most and bottom most yellow lines are 4 standard deviations of historical volatility which give an idea of where the floor and ceiling are. This helps investors and traders identify good buy and sell zones using the yellow lines to see overbought and oversold sides.
This is a great indicator for people who need help following the trend of a stock, etf , etc.
MTF Trend WidgetThis indicator identifies trends in multiple higher timeframes (D, W, M) and shows them in a widget off to the right of the chart.
It's meant to be used as an alternative filter for "trading with the trend." Typically people use moving averages of varying lengths for this (i.e. if over 200 MA it's an uptrend, etc.), but I wanted to see if it might be more effective to see if the higher timeframes were actually trending or not in a certain direction.
For the purposes of this indicator, an uptrend is defined as higher highs and higher lows. So if currently in a downtrend and the highs are broken, the indicator will flip to an uptrend because now we have a higher high. Vice versa for downtrends.
The user can choose the lookback period for defining these highs/lows (the pivot points). A smaller lookback number will give you more frequent pivot points.
The user can toggle on visibility of all historical pivot points to make sure the frequency and placement of the swing highs/lows is to their liking.
The user can show the support/resistance lines of those most recent swing high/low points on the multiple timeframes as well.
When these lines are breached, that is when the trends change, so you can see if you are close to changing any longer term trends.
My hope is that this gives people a quick glance at the overall trend without having to cycle through different timeframes.
SKYNET buy/sell 2.0The SKYNET buy/sell 2.0 indicator generates buy and sell signals based on the following conditions:
**Anchor line : This anchor line is calculated based on certain parameters.
The anchor line is calculated in such a way that the stock/instrument moves around this anchor line.
The calculation of the anchor line uses a look back period which is set to 9 by default. The user can go to the indicator settings and change it to suit their trading style.
Note:
1) As the look back period increases, the number of signals generated on the chart decreases.
2) This indicator will only work on charts/stocks/instruments which are actually traded in the market i.e actual contracts of the stock/instrument is traded in the market. Hence, it will not work on indexes.
BUY signal: When the stock/instrument deviates to the upside of the anchor line by a specific margin, the Buy signal is generated.
SELL signal: When the stock/instrument deviates to the downside of the anchor line by a specific margin, the Sell signal is generated.
Disclaimer: This indicator is not 100% accurate and false signals are generated from time to time. Trading in the markets involves huge risks and one should always do his/her own research before making any trading decisions. This indicator is only designed to help you make a trading decision.
Indicator PanelHello All,
This script shows Indicator panel in a Table. Table.new() is a new feature and released today! Thanks a lot to Pine Team to add this new great feature! This new feature is a game changer!
The script shows indicator values for each symbol and changes background color of each cell by using current and last values of the indicators for each symbol. if current value is greater than last value then backgroung color is green, if lower than last value then red, if they are equals then gray.
You can choose the indicators to display. Number of columns in the table is dynamic and is changed by number of the indicators.
You can choose 5 different Symbols, 6 Indicators and 2 Simple or Exponential Moving averages, you can set type of moving averages and the lengths. You can also set the lengths for each Indicators.
Indicators:
- RSI
- MACD ( MACD and Signal and Histogram )
- DMI ( +DI and -DI + and ADX )
- CCI
- MFI
- Momentum
- MA with Length 50 (length can be set)
- MA with Length 200 (length can be set)
In this example RSI, MACD and MA 200 were chosen, you can see how table size changes dynamically:
Enjoy!
Qullamaggie BreakoutThe intent of this strategy is to buy breakouts with a tight stop on smaller timeframes in the direction of the longer term trend. Default longer term trend is the daily, but the user can choose any timeframe to use for the SMAs (which act as filters and trailing stops).
Exit the trade using a trailing stop of a close below either the 10 MA or 20 MA (user choice) on that larger timeframe as the position moves in your favor (i.e. whenever position price rises above the MA). This is one area where this script could use a little work or some human intervention - when the trade is entered right in the vicinity of the moving averages, you get some whipsaw. Not sure how to avoid that at this point though if you want to look at those longer term moving averages as your exit criteria.
Option of using daily ATR as a measure of finding contracting ranges and ensuring a decent risk/reward. (If the difference between the breakout point and your stop level is below a certain % of ATR, it could possibly find those consolidating periods.)
BAM's Weighted ROCTraders,
BAM's Weighted ROC is a Momentum indicator. ROC stands for 'Rate of Change' therefor this indicator plots the reading of a weighted average Rate of Change. In its current form it uses 4 periods en 4 weightings. The periods are set to 21/63/126/252 which corresponds to the number of trading days in each 1/3/6/12 months. The weightings are set to emphasize the more recent periods where the 1-month period counts for 40% of the signal, the 3-monthh period for 30%, the 6-month for 20% and the 12-month for 10%. These settings, both periods and weightings, are customizable. The current settings are meant to serve the widely used 1-day time interval chart setting. Feel free to alter the time frame and adjust the parameters accordingly; eg I like trading the weekly chart on a 10/20/30/40 period settings.
BAM's Weighted ROC can be used as a trendfilter for Trend Following trading systems or as an entry signal for Swing trading systems, or both. In the current setting the indicator is set to trend-following; it turns green when positive (above 0), indicating positive momentum. And red when negative (below 0), indicating negative momentum. In the most basic form one can trade a well diversified portfolio of assets using the indicator as guidance for entry and exit signals as it flows back and forth between positive and negative. Another use for the indicator lies in Swing Trading systems. In this approach the transfer from declining momentum into ascending momentum can be interpreted as a shift in momentum from negative to positive, and therefor constitute an entry opportunity. A combination of the 2 signals is of perfectly viable too, wait for positive momentum (reading above 0) in combination with a upward shift from one bar to the other. Use the reverse logic as an exit signal. In these examples the indicator is used in a stand-alone fashion. But off course it can also be used in conjunction with other indicators.
I personally use the two functions, trend-following en swingtrading, in tandem (combined)
for further reading into the rational behind Trend Following trading systems I recommend the following sources:
- Free Read: Google for 'Meb Faber, Global Asset Allocation' he gives out free copies on his website. Meb is a well known character in the Momentum-factor arena.
- Easy read: 'Following the trend' By Andreas Clenow. I don't think there is any Trend Following trader that doesn't know this chaps work.
- sophisticated Read: Trend Following with Managed Futures by A. Greyserman and K. Kaminski. This one is for those who seriously mean business!
Good luck out there, pls consider that the momentum factor holds an edge, at least based on historical performance, but this out-performance (most often) lies in the low single digits.
Pls be aware that use of this indicator is at your own risk. All info provided is solely presented for educational purposes.
Kind regards,
Bam
