Strategy Follow Line Indicator The objective is only to evaluate different configurations, I do not recommend using only this indicator to trade, because you can lose all your money if you do not know what you are doing.
I hope you find it useful.
Successes
Buy-sell
Follow Line IndicatorThe FollowLine indicator is a trend following indicator. The blue/red lines are activated when the price closes above the upper Bollinger band or below the lower one.
Once the trigger of the trend direction is made, the FollowLine will be placed at High or Low (depending of the trend).
An ATR filter can be selected to place the line at a more distance level than the normal mode settled at candles Highs/Lows.
Alerts Added
RSI Buy & Sell IndicatorColor coded RSI indicator showing green columns during a BUY opportunity and red columns during a SELL opportunity
Trend TrailingAndrew Abraham
It can be used as:
- stop loss indicator
- indicator of support and resistance
- buy and sell signals
Simple Reversal PointThis 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
Normalized Smoothed MACDMACD normalized with its highest and lowest values over the last “Normalization period”
- includes alerts
KDJ Indicator The KDJ indicator is derived from the Stochastic with the one difference being the addition of the J line. This implies that the KDJ indicator has a total of three lines; %K%D%J. The %J is simply put, the difference between the %K and the %D lines, which is similar to the MACD.
The difference between the %J and that of the MACD is that it is plotted as a histogram and the second being that the value are weighted and as such delivers more emphasis on the shorter term %K line.
What we now have is a line that moves quite slowly and has the knack to move beyond the range of a normal stochastic indicator.
Market ModeThe Market Mode indicator seeks to identify trends and rebounds by identifying “phases” according to the principles of John Ehlers.
- When the oscillator passes above the top line, the market is in an uptrend.
- When the oscillator goes below the bottom line, the market is in a downtrend.
- Between these two levels, the market is calmer and could rebound in the direction of the initial trend and / or phase of trend change.
Strategy Quadratic Semaphore I add a basic strategy for the "Quadratic traffic light" indicator, it can help to find a good configuration.
Regards.
Quadratic SemaphoreThe quadratic semaphore indicator is an indicator that find confirmed market u-turn with the help of 2 quadratic regression calculated with Highs and Lows over the last “length” periods.
- “p” setting is candlesticks quantity to confirmed the quadratic regression has formed a High or Low parabola, such as Fractals. Consecutive same signals can happen due to the use of different price values for upper and lower semaphore.
- Adjust the settings to your instrument and time frame.
- Alerts included.
Success with your trade¡¡
Long Tail Candle by Oliver VelezThis script detects an event created by Oliver Velez, it is a wide-range candle with a small body and a long tail (hammer-type candle), its range is noticeably larger than previous candles, as a rule it can be taken that the body should be maximum of 30% of the total range of the candle with a long tail. The stop goes under the tail and the signal is given when the next candle followed by the long tail candle exceeds its body, do not program this condition so that the alert indicates that a long tail candle was generated and the trader has some Time to visualize the graph and wait for the signal.
The default configuration is very basic, each trader must adjust to their needs.
- Trend filters can be activated.
- Alerts available.
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Dynamic RSIThe Dynamic RSI indicator is a kind of exponential RSI. The overbought and oversold levels (respectively HiLine and LoLine) are calculated according to the recent highest and lowest values of the Dynamic RSI line.
TMMS OscillatorThe TMMS oscillator (aka “Trading Made More Simpler”) is an indicator made of conditions based on both 2 separated Stochastic and 1 RSI.
Bullish zone is green and bearish one is red. When the histogram is grey, no signals is available at that time.
The indicator has an option to show the current trend of an Hull moving average (ascending or descending curve). When the trend is up, green dots are plotted on the zero line. When the trend is down, the dots are coloured in red.
Greetings, success with your trade!!!
GOLDEN/SILVER DETECTORFind golden and silver crosses with using EMA.
Note
Colors are depends on you.
Translation
AL = BUY
SAT = SELL
ONAY = CONFIRMATION
Climatic Volume X- Climate volume detection
- Relative volume value in bar
- Automatic zone generation (possibility of configuration)
- Additional features
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Elephant Bar by Oliver VelezThis script detects an event created by Oliver Velez, basically it is a wide-range candle, its range is noticeably larger than the previous candles, this event indicates a possible continuation of the movement, or the beginning of an extended movement. The candle has to be of good body, as a rule it can be taken that the body must be more than 70%. The stop goes below the minimum of the candle and the signal is given when the next candle followed by the elephant candle exceeds its body, this condition is not programmed so that the alert indicates that an elephant candle was generated and the trader has some time to visualize the graph and wait for the signal. Example below:
NOTE: IT IS VERY IMPORTANT THAT THE TRADER ANALYZE THE CONTEXT OF THE MARKET WHERE THE ELEPHANT BAR IS GENERATED AND DETERMINE ACCORDING TO ITS EXPERIENCE IF THE EVENT HAS A GOOD PROBABILITY OF PROJECTION, YOU MUST NOT TAKE AN ENTRY ONLY BY THIS EVENT, IF YOU DO YOU WILL LOSE ALL YOUR MONEY
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One of the problems of the elephant bar is that it generates a fairly wide risk unit with respect to other narrow range events, so the risk / benefit ratio is not very large, but it is an event that deserves attention when it occurs in a good location since it generally generates continuation.
If you want to have a lower risk unit and improve the risk / benefit ratio, you can play the “Gift Zone”, when detecting an elephant bar you can wait for a step back inside the elephant bar area and take a position, this will give you a less distance to the stop, but this can lead to the event escaping if there is no recoil.
- The size of the candle is determined by comparing a range of previous candles (you can set the amount at your discretion)
- Search factor: by default 1.3, this means that all bars that have a range greater than the average range of previous candles + 30%, are considered elephant candles (can be configured at your discretion)
- Possibility to configure the percentage of the body that the elephant candle must have.
- Possibility of filtering up to 2 means with direction detection and color change (fully configurable)
- Possibility of filtering by mobile averages
- Alerts
- Additional features
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MFI/RSIThis is a simple study that combines MFI and RSI and provides buy/sell alerts.
The red lines are MFI.
the blue lines are RSI.
Boundries are colored as the indicators and are user configurable.
Black triabgles are buy/sell points when both MFI and RSI are overbought/sold.
Market Thrust IndicatorThe Market Thrust indicator is a powerful measure of the stock market's internal strength or weakness. There are four components to this indicator:
1-Advancing Issues on the New York Stock Exchange (NYSE) – $ADV
2-Advancing Volume on the NYSE – $UVOL
3-Declining Issues on the NYSE – $DECL
4-Declining Volume on the NYSE – $DVOL
The formula for Market Thrust is given below:
($ADV x $UVOL)-($DECL x $DVOL)
When used for day-trading, the trend of the Market Thrust indicator is what is most important.
Rising Market Thrust Indicator: Considered a bullish sign; can act as a confirmation signal when combined with a rising stock, index ETF, or stock index future's price.
Falling Market Thrust Indicator: Considered a bearish sign; can act as a confirmation signal of a decreasing market price.
The Market Thrust indicator could be used for detecting divergences in trends. Divergences occur when:
- Price is trending higher, but the Market Thrust indicator is not moving higher or is even going down.
- Price is trending lower, however, the Market Thrust technical analysis tool is not trending lower, it is either not trending or is trending higher.
Add a fully configurable trend line over MTI.
Read more at: commodity.com
Leledc Exhaustion Bar V4 PLUSLeledc Exhaustion Bar indicator created by glaz converted to Pine 4, plotshape was added.
Double MACD Buy and SellIndicator for strategy that was used in a Forex competition and was a winner. Use double MACD with custom settings, search video on YouTube:
Learn Five Powerful MACD Trading Strategies
Add some tools to analyze the market context a little more:
- Detector of regular and hidden divergences.
- Atlas Zone (detects consolidation that is about to generate a movement)
- Choppines zone configurable (detects if the market is stable or not)
Visualization of entries in trend and counter-trend according to the rules described in the video.
Buy and sell alerts.
Note: I do not recommend using only this indicator as an investment strategy, it is another tool that must be complemented with a market study by the trader.
🐳 Whales 🆚 Little Fish 🐟THIS INDICATOR DETERMINES WHAT THE STRONG HANDS AND WEAK HANDS ARE DOING, BASED ON THE FAMOUS INDICATOR "KONCORDE", OBTAINED FROM THE PERCENTARY VARIATION OF THE INDICATOR IVP (POSITIVE VOLUME INDEX) AND IVN (VOLUME INDEX). ANYONE READING THE AVAILABLE DOCUMENTATION ON THESE TWO SMALL MATHEMATICAL JEWELRY WILL DISCOVER THAT THE ATTRIBUTED VOLUMES NEGOTIATED TO STRONG HANDS (IVN) OR WEAK HANDS (IVP).
NOTE: USE THIS INDICATOR ONLY IN INSTRUMENTS WITH REAL VOLUME.
Buying Selling VolumeBuying Selling Volume
-Buy Volume
-Sell Volume
-Buy Volume Percent %
-Sell Volume Percent %
-Volume Index
-Buy Sell Volume-
BuyVolume>SellVolume=Blue barcolor
SellVolume>BuyVolume=Purple barcolor
-Volume Index-
VolumeIndex>length and close > open =Cyan barcolor
VolumeIndex>length and close < open =Gray barcolor
VolumeIndex<=length = Yellow barcolor