Based On the "Chop and explode Indicator by fhenry0331 We Updated to Pine 5 - Added break out alerts and Signals -Customize thresholds How To use when the line is blue confirmed Buy Line is Red confirmed Sell ALWAYS use in confirmation with your strategy and Trade with the trend. Match with the on chart version for best results
Built with love "Smarter SNR (Support and Ressistance, Trendline, MTF OSC) " This indiator will show you Support & Ressistance, Good Trendline, and Multi-timeframe analyzing of Oscillator (Stochastic and RSI) You can combine with your own strategy, or use this purely DISCLAIMER : Measure the risk first before use it in real market Backtest The Strategy was very...
This is a strategy used by Larry R. Williams called Volatility Breakout. By identifying a strong uptrend that exceeds 'a certain level' on a daily basis as a breakout signal, enter long position, take advantage of long at the the next day's open. 'a certain level (Entry Price)' is calculated by { close + 'k' * high -low }, and applied logarithmic...
Finds the most recent support and resistance level as confirmed by the MACD . These level are detected dynamically and the lines will be updated as new levels form. Alerts can be toggled on or off in the settings but will not work if the alert is not added to your chart. Alerts can be added by selecting the "Alert" button on TradingView then selecting "MOB Alerts"...
The trendlines with breaks indicator return pivot point based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method. Trendline breakouts occur in real-time and are not subject to backpainting. Trendlines can however be subject to repainting unless turned off from the user settings. The...
While coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered. While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage. The indicator will calculate the top %...
This strategy idea is a variation of the "Donchian Channel" trading strategy. It is built with a highest-high band, a lowest-low band, and a baseline which is average the highest-high and the lowest-low bands. This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in the QuantCT app. You can set the operation...
This is a strategy taken from Perry Kaufman's book, Trading Systems and Methods. Just like the title says, it's a breakout strategy. It works by buying when the current high is higher than the last pivot high, and selling when the low is lower than the last pivot low. It does not have a good success probability, and relies on the good reward to risk ratio....
Using the contracting phase of what are basically bollinger bands and some fancy coloring, this indicator draws funnels to which show tightening ranges and doesn't take up too much screen space unless you want it to. There is a smoothing option if you're into that. Enjoy!!!
I like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time, nor the patience to wait hours or days for my trade to be complete. This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a...
Donchain trend following system with overbought/ oversold areas inspired by stochastic. Multiplier to get non repainting HTF capability. features a smoothed price as well as moving average of the smoothed price, also inspired by the stochastic indicators %K and %D. This and slow stochastics compliment each other nicely. %D line colored by direction. Filled...
Volume shows strength of a movement and highest volume shows the region that pushed price to certain extent with full strength. Breakout or Breakout of the highest volume bar range shows continuity further push by sellers or buyers indicating a trend continuation for a small period if not for long duration. Entries can be taken once signal is generated with...
This is an intraday indicator which uses Bollinger band and volume flow and MA to alert buy and sell signal. A user can use this indicator to help make entry and exits. This indicator wont show entry and exist of larger time frames like Day week month. This indicator uses Bollinger bands but try to minimize it shortcoming where it will buy and keep holding and...
This is a classic long term trend following system. The breakout period is 50 days instead of 20 and the moving average crossover are 40 and 120. The moving averages are also exponential instead of simple. The stoploss is 4 ATRs away from the price. Recommendations: Donchian Channels settings > 50 days Moving Averages > 40 and 120, 80 and 140 Important...
This is a trend following system based on the Donchian Channels. Instead of using a simple moving average crossover, this system uses the MACD as the trendfilter: Long positions: * Price makes a new 50 day high, * The MACD-line crosses above or is above the Signal-line. * Both the MACD and the Signal-lines are above the zero-line. Short positions: * Price makes...
Fractal Breakout Strategy This strategy will enter into a Long position when (a) bullish fractal is formed, combined with (b) ATR is relatively low. Trailing stop loss is set based on ATR. Bullish fractal pattern : A bullish fractal pattern looks like this: It is formed when lower-low has reached a local minimum followed by higher-lows. By default, this...
Key Levels Aims to capture 3 of the most significant points in price action Breakouts False Breakouts (Traps) Back Checks These 3 points alone, if properly identified, can be some of the most significant points of movement in the price history of an asset and bring significant gains to traders, if capitalized on. Here are a few examples of these...
As the title already describes: this is a Donchian breakout strategy. This strategy, as of now, only goes long. It goes long when the price close makes a new high and the 8 day moving average is above the 32 day moving average. The strategy exits the trade if the price breaks the atr trailing stop of * 3 or the 8 day moving average crosses below the 32 day moving...