Volume Conversion IndicatorVolume Conversion Indicator
The volume conversion indicator is much like the in-built volume indicator. This particular volume indicator allows you to find out how much of something has been traded in a given timeframe.
This is done by multiplying volume by the average price at that point.
What does this mean?
Well, say, for example, you were watching DGB/BTC (DigiByte/Bitcoin). Instead of the volume being displayed in the amount of DGB traded, the amount of BTC traded is displayed instead.
Feel free to comment... Hope this helps :D
Forex
BullTrading SwingHigh/SwingLowTraders, good afternoon... are you in a mood for an excellent Institutional Trading Course?
Best of all for FREE!! (please use this valuable information with respect, there are people selling the information contained in this course as their own).
This guy has more than 20 years of trading experience under his belt. This information is a real gem for any trader, no matter the timeframe you trade. This script is a tribute for ICT production and shows the swing highs and swing lows used on institutional trading (Use it in D and 4H timeframes resolution for analysis in order to apply manual trading in lower timeframes).
Here is the link to the ICT Sniper Institutional Trading Course. Enjoy www.dropbox.com
Magic Moving Averages!Magic Moving Averages! is an indicator that comes standard in many forex trading platforms, and now on Tradingview designed for comfortable readability! It incorporates a series of simple moving averages plotted together with increasing periods. Finding a good trade with this is easily found with a set of rules. I took a course with Alex du Plooy on these rules and am using his suggested default values, however there are many more teachers of this method that have various rules that may be similar. If you desire a greater MA spread simply increase the MA Separation value in the input. Best for 15 mins or longer charts.
Happy trading
Fx SessionsThis script displays a lower strip to be aware of Fx Sessions (London, NY and Tokyo). Please pay attention to the pre London "Kill Zone" which comprehends the Gap between the Tokyo close (End of Yellow Strip) and the London open (Beginning of Aqua Strip).
Courtesy from Kevin Prudhom from Octopus Fx Academy.
GMAE Original (By Kevin Manrrique)This script is called GMAE Original by me (Kevin Manrrique). I'm publishing this to the public because we are all traders and we need to support each other as a TVcommunity. This is something I built for fun. This script uses a series of EMA's. NO REPAINT, NO LAGGING! It works better for short-term trends as you can see. Please leave the copyright on the script at all times even if you rebuild it. If you need any help or have questions please inbox me privately. If you interested in joining up and building an indicator or strategy please inbox me as well. Thank you and I hope you enjoy this script as much as I do.
Remember there are no holy grails. The only holy grail there is are indicators built together to stop faulty signals and be as accurate as possible and this is one of them.
Sincerely,
Kevin Manrrique
Pair Strength BasketAgain thanks to LazyBear for bringing over the wavetrend indicator and glaz for the idea of the basket of currencies. This is a power index based on the wavetrend indicator, I cut it down to 5 securities per currency since the limit of securities I could call was 40. I like to use to see which pair is the most OB/OS as it likely presents the best profit potential.
AUD = Yellow
CAD = Gray
CHF = Maroon
EUR = Blue
GBP = Red
JPY = Purple
NZD = Lime
USD = Green
Pair Strength EURUSDThis is an application of the WaveTrend indicator by LazyBear against a basket of the eur and usd to come up with a total eur and usd wt value. You can change the currencies by altering which pairs its run on. As far as changes I removed the lagging 4sma and altered the OB OS to be 2 and 3 standard deviations from a 1000sma just to get a stable view as to where the values tend to rise to. I've had some success using it over the past week or so, when dollar is OB an euro is OS you can expect EURUSD to go up as those reverse and vice versa.
Forex strength meterCalculates the strength of a particular currency taking into account it's rate of change (% price change in a period) in all correlated and anti-correlated pairs. For instance, when looking for USD strength we will add ROC for USDCAD, USDCHF and USDJPY while subtract AUDUSD, EURUSD, GBPUSD and NZDUSD.
After ROC step, one can smooth the result using EMA, or MACD.
As the script needs to fetch values from multiple currencies it isn't the fastest one, but it gets its job done.
Important: Only major currencies (AUD, CAD, CHF, EUR, GBP, JPY, NZD and USD) are considered.
Naked Forex Trading Strategy v2v1 Big Shadow candles based on "How Naked Trading Works" video by Walter Peters: https://youtu created by AlistarElvis
v2 Bugfix calculation largest candle, added parameter for alternative calculation largest candle
Pump_Doctor Trends**You must enable bar colors in the options for the script if you wish to see them**
This indicator is very useful for spotting trends / tops / bottoms.
This is the ultimate altcoin pump spotting tool. Use on higher timeframes for greatest accuracy. If altcoin is newish (ZEC for example), try 4h rather than 1D or 3D.
Green = Uptrend
Red = Downtrend
Gray = Top/local top, bottom/local bottom, or continuation. You will need some knowledge of price action to determine which condition applies.
You can use the oscillator at the bottom as a measure of momentum / trend strength. You can draw trendlines on the oscillator on the top/bottom or the interior.
1337 VolumeThis volume indicator gives you a unique perspective and ability to analyze volume in any market. The upper line that is always >=0 represents average up volume over a user definable period while the lower line that is always <= 0 represents the average down volume over a user definable period.
green == bullish candle but volume lower than average
lime == bullish candle with above average volume
crimson == bearish candle with below average volume
red == bearish candle with above average volume
This indicator is very useful for spotting bottoms / tops (do a visual backtest and observe its behavior) as well as entry opportunities.
By default, the lookback period for average volume is 7, but I encourage you to change this value in order to find settings that work best for your particular market.
If you have any feedback or ideas for improvement, please comment.
Enjoy :D
Tops/BottomsUsing Modified code from Lazybear's CVI 0.17% indicator and some logic, this script can help identify value buy and sell opportunities at a very early phase. Best used as a confirmation tool. This is a beta, so use it as such. Enjoy.
Sometimes "top" indications in an uptrend mean to look for an opportunity to add to position while "bottom" indications during a downtrend can represent the same thing. The trend is your friend, use it to your advantage!
Red star above bar == potential top
Green star below bar == potential bottom
Currency Strength IndicatorSimple but effective don't pay $300 for an MT4 indicator when you can use this for free. Feel free to make it your own!
RSI DivergenceRSI DIVERGENCE is a difference between a fast and a slow RSI. Default values are 5 for the fast one and 14 for the slow one.
You can use this indicator in 2 different ways:
normal RSI : check double or triple top/bottom on a chart meanwhile RSI is descending/ascending (check the example on chart)
signal line : when RSI Divergence cross zero line from bottom to top you get a buy signal (the line become green), vice versa when the RSI Divergence cross zero line in the opposite way you get a sell signal (the line become red)
Forex Master v4.0 (EUR/USD Mean-Reversion Algorithm)DESCRIPTION
Forex Master v4.0 is a mean-reversion algorithm currently optimized for trading the EUR/USD pair on the 5M chart interval. All indicator inputs use the period's closing price and all trades are executed at the open of the period following the period where the trade signal was generated.
There are 3 main components that make up Forex Master v4.0:
I. Trend Filter
The algorithm uses a version of the ADX indicator as a trend filter to trade only in certain time periods where price is more likely to be range-bound (i.e., mean-reverting). This indicator is composed of a Fast ADX and a Slow ADX, both using the same look-back period of 50. However, the Fast ADX is smoothed with a 6-period EMA and the Slow ADX is smoothed with a 12-period EMA. When the Fast ADX is above the Slow ADX, the algorithm does not trade because this indicates that price is likelier to trend, which is bad for a mean-reversion system. Conversely, when the Fast ADX is below the Slow ADX, price is likelier to be ranging so this is the only time when the algorithm is allowed to trade.
II. Bollinger Bands
When allowed to trade by the Trend Filter, the algorithm uses the Bollinger Bands indicator to enter long and short positions. The Bolliger Bands indicator has a look-back period of 20 and a standard deviation of 1.5 for both upper and lower bands. When price crosses over the lower band, a Long Signal is generated and a long position is entered. When price crosses under the upper band, a Short Signal is generated and a short position is entered.
III. Money Management
Rule 1 - Each trade will use a limit order for a fixed quantity of 50,000 contracts (0.50 lot). The only exception is Rule
Rule 2 - Order pyramiding is enabled and up to 10 consecutive orders of the same signal can be executed (for example: 14 consecutive Long Signals are generated over 8 hours and the algorithm sends in 10 different buy orders at various prices for a total of 350,000 contracts).
Rule 3 - Every order will include a bracket with both TP and SL set at 50 pips (note: the algorithm only closes the current open position and does not enter the opposite trade once a TP or SL has been hit).
Rule 4 - When a new opposite trade signal is generated, the algorithm sends in a larger order to close the current open position as well as open a new one (for example: 14 consecutive Long Signals are generated over 8 hours and the algorithm sends in 10 different buy orders at various prices for a total of 350,000 contracts. A Short Signal is generated shortly after the 14th Long Signal. The algorithm then sends in a sell order for 400,000 contracts to close the 350,000 contracts long position and open a new short position of 50,000 contracts).
Forex Master v2.0 (EUR/USD)This is version 2 of my Forex Master algorithm originally posted here:
BACKTEST CONDITIONS:
Initial equity = $100,000 (no leverage)
Order size = 100% of equity
Pyramiding = disabled
TRADING RULES:
Long entry = EMA5(RSI20) cross> 50
Profit limit = 50 pips
Stop loss = 50 pips
Short entry = EMA5(RSI20) cross< 50
Profit limit = 50 pips
Stop loss = 50 pips
Long entry = Short exit
Short entry = long exit
DISCLAIMER: None of my ideas and posts are investment advice. Past performance is not an indication of future results. This strategy was constructed with the benefit of hindsight and its future performance cannot be guaranteed.
Forex Trading Sessions with Daylight Savings TimeV1 - Max WarrenDifferent version of the CM one but everything is configurable and easy to manage.
Daylight savings may also be toggled, I cannot automatically toggle it yet but hopefully with a pine update I will be able to.
It had the four main sessions but version two could possibly have all of them as optional toggles
Hope it is useful
Forex Master (EUR/USD)ATTENTION:
This is a symmetrical algorithm designed only for trading EUR/USD on the 1h time frame. For other currency pairs and time frames, you need to re-calibrate the RSI-EMAs as well as the profit targets and stop losses.
BACKTEST CONDITIONS:
Initial equity = $100,000 (no leverage)
Order size = 100% of equity
Pyramiding = disabled
TRADING RULES:
Long entry = EMA20(RSI10) cross> 50
Profit limit = 50 pips
Stop loss = 50 pips
Short entry = EMA30(RSI30) cross< 50
Profit limit = 50 pips
Stop loss = 50 pips
Long entry = Short exit
Short entry = long exit
DISCLAIMER: None of my ideas and posts are investment advice. Past performance is not an indication of future results. This strategy was constructed with the benefit of hindsight and its future performance cannot be guaranteed.
Big Shadow by Walter Peters v1.1Version 1.1 is here!
This is an indicator for the Big Shadow (engulfing candle) that Walter Peters teaches in his course (fxjake.com) and book "Naked Forex". I have really been diving into this one and back testing it like crazy. The results have been great and I will be publishing them on the nakedforexnow.com forum soon since it probably isn't appropriate to do it here.
If you like it, please reach out to me @fredferrell on the forum. I would love to discuss back testing results with other traders.
Moving averages and bandsI coded this simple indicator based on multiple ideas shared by Tim West at his "Key Hidden Levels" chatroom.
We have a moving average ribbon comprised of the average of the highs and lows in 10 periods. The colored space in between acts more or less like fair value and is often where price is when consolidating.
Green and red triangles at the top and bottom of the screen.
The ones at the bottom, correspond to signals obtained from a 4 period moving average of the close's slope. It helps get excellent exits for trending moves by changing color with the moving average slope.
The ones at the top, are green while Bollinger Band Width increases, and red while it decreases, relative to the previous bar.
Background color highlights when the close moves over the moving average of the highs or under the moving average of the lows, indicating a change of trend is possible, or at least a pause/consolidation.
The idea is to have multiple reasons to stay in a trade, which is normally very hard to do, specially when winning.
Cheers,
Ivan Labrie
Time at Mode FX
<50% Body CandleScript to identify candlesticks with less than 50% body of total high low candlestick. Places a dot inside the candle. Make sure indicator is moved in the top of Objects Tree so the dot will not be hidden behind the candlebar.
Gold Price Trend Overlay This chart overlay provides the daily 9 SMA of Gold.
If the price of GOLD is ABOVE the 9 SMA then the line will be GOLD
If the price of GOLD is BELOW the 9 SMA then the line will be RED
A good way to use this overlay is by understanding how Gold effects currency pairs.
if GOLD is BULLISH - then AUD/USD is BULLISH
if GOLD is BULLISH - then NZD/USD is BULLISH
if GOLD is BULLISH - then EUR/USD is BULLISH
if GOLD is BULLISH - then USD is bearish
if GOLD is BULLISH - then USD/CHF is BEARISH
if GOLD is BULLISH - then USD/CAD is BEARISH
