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Forex SWING TraderThis strategy is mainly designed for swing trading applied to FOREX. In this case we make use of 2 moving averages but with different time frame, lets say 1h and 1 day. When they cross above we would initially have a long trade, but in this strategy we trade it in reverse, so we would actually enter a short position. The same for short trade. At the same time we make use of hours for entry, so we can filter even better between the trades, and select the best possible hours for entries. For exit we have 2 conditions : one is when we receive an opposite signal ( by default ). The other is when a certain movement between moving averages, like lets say 1% of price movement, we will exit. This can act both as TP and SL.
Pine Script® strategy
by SoftKill21
Momentum Explosion 2CCI RSI"Momentum Explosion Template for Mobile Metatrader", that is a trading system trend momentum based on two Commodity Channel Index (CCI) , RSI and two Moving Averages.The trading signals are generated by the crossing of the moving averages confirmed by the agreement of the two CCIs and the RSI. Two Moving averages Filtered by double CCI and RSI Credit is to Dimitri Author Beejay (Forex Factory) Trading Rules Momentum Explosion Buy EMA 8 crosses upward SMA 26. CCI 34 periods > 0 CCI 55 periods > 0 RSI 26 > 48. Sell EMA 8 crosses downward SMA 26. CCI 34 periods < 0 CCI 55 periods < 0 RSI 26 < 48.
Pine Script® strategy
by capam
Joseph Nemeth Heiken Ashi Renko MTF StrategyFor Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed. This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. Nemeth is a forex trader that came up with a multi-time frame heiken ashi based strategy that he showed to an older audience crowd on a speaking event video. He seems to boast about his strategy having high success results and makes an astonishing claim that looking at heiken ashi bars instead of regular candlestick bar charts can show the direction of the trend better and simpler than many other slower non-price based indicators. He says pretty much every indicator is about the same and the most important indicator is price itself. He is pessimistic about the markets and seems to think it is rigged and there is a sort of cabal that created rules to favor themselves, such as the inability of traders to hedge in one broker account, and that to win you have to take advantage of the statistics involved in the game. He believes fundamentals, chart patterns such as cup and handle and head and shoulders, and fibonacci numbers don't matter, only price matters. The foundation of his trading strategy is based around heiken ashi bars because they show a statistical pattern that can supposedly be taken advantage of by them repeating around seventy or so percent of the time, and then combines this idea with others based on the lower time frames involved. The first step he uses is to identify the trend direction in the higher time frame(daily or 4 hourly) using the color of the heiken ashi bar itself. If it is green then take only long position after the bar completes, if it is red then take only short position. Next, on a lower time frame(1 hour or 30 minutes) look for the slope of the 20 exponential moving average to be sloping upward if going long or the slope of the ema to be sloping downward if going short(the price being above the moving average can work too if it's too hard to visualize the slope). Then look for the last heiken ashi bar, similarly to the first step, if it is green take long position, if it is red take short position. Finally the entry indicator itself will decide the entry on the lowest time frame. Nemeth recommends using MACD or CCI or possibly combine the two indicators on a 5 min or 15 min or so time frame if one does not have access to renko or range bars. If renko bars are available, then he recommends a 5 or 10 tick bar for the size(although I'm not sure if it's really possible to remove the time frame from renko bars or if 5 or 10 ticks is universal enough for everything). The idea is that renko bars paint a bar when there is price movement and it's important to have movement in the market, plus it's a simple indicator to use visually. The exit strategy is when the renko or the lowest time frame indicator used gives off an exit signal or if the above conditions of the higher time frames are not being met(he was a bit vague on this). Enter trades with only one-fifth of your capital because the other fifths will be used in case the trades go against you by applying a hedging technique he calls "zero zone recovery". He is somewhat vague about the full workings(perhaps because he uses his own software to automate his strategy) but the idea is that the second fifth will be used to hedge a trade that isn't going well after following the above, and the other fifths will be used to enter on another entry condition or if the other hedges fail also. Supposedly this helps the trader always come out with a profit in a sort of bushido-like trading tactic of never accepting defeat. Some critics argue that this is simply a ploy by software automation to boost their trade wins or to sell their product. The other argument against this strategy is that trading while the heiken ashi bar has not completed yet can jack up the backtest results, but when it comes to trading in real time, the strategy can end up repainting, so who knows if Nemeth isn't involving repainting or not, however he does mention the trades are upon completion of the bar(it came from an audience member's question). Lastly, the 3 time frames in ascending or descending fashion seem to be spaced out by about factors of 4 if you want to trade other time frames other than 5/15min,30min/1hour, or 4hour/daily(he mentioned the higher time frame should be atleast a dozen times higher than the lower time frame). Personally I have not had luck getting the seventy+ percent accuracy that he talks about, whether in forex or other things. I made the default on renko bars to an ATR size 1 setting because it looks like the most universal option if the traditional mode box size is too hard to guess, and I made it so that you can switch between ATR and Traditional mode just in case. I don't think the strategy repaints because I think TV set a default on the multi-time frame aspects of their code to not re-paint, but I could be wrong so you might want to watch out for that. The zero zone recovery technique is included in the code but I commented it out and/or remove it because TV does not let you apply hedging properly, as far as I know. If you do use a proper hedging strategy with this, you'll find a very interesting bushido type of trading style involved with the Japanese bars that can boost profits and win rates of around possibly atleast seventy percent on every trade but unfortunately I was not able to test this part out properly because of the limitation on hedging here, and who knows if the hedging part isn't just a plot to sell his product. If his strategy does involve the repainting feature of the heiken ashi bars then it's possible he might have been preaching fools-gold but it's hard to say because he did mention it is upon completion of the bars. If you find out if this strategy works or doesn't work or find out a good setting that I somehow didn't catch, please feel free to let me know, will gladly appreciate it. We are all here to make some money!
Pine Script® strategy
by SparkyFlary
12
Swing/Daytrading strategy with reversal option Hello, today I bring a swing reversal strategy that work on all financial markets. It uses timeframes starting from 1h, the bigger the better. Its very dangerous because it has no stop loss, neither a take profit. Our exit condition is based on the reversal on the entry . For entry we have 2 types : normal and reversal Lets say we want to go long , for that we check the last CLOSE of a candle with the previos HIGH. If its higher than that, and at the same time CLOSE is bigger than the moving average, we have a long entry. For short we have CLOSE with the previous LOW. If its lower than that and at the same time is lower than moving average, we have a short entry. For moving average we use T3 MA For reversal what I do, is , I take the short condition and I apply it to long, and for long I apply the short condition. On many cases I found out it work amazingly. I forgot to add: it also has a time entry system, so we use the best hours/sessions for entries . Exit a trade: lets say we enter short, when we find a long condition, we close short and enter into long. Viceversa for long. If you have any questions, let me know. Enjoy it :)
Pine Script® strategy
by SoftKill21
1
Doji swing strategyThis is a simple strategy based on Doji star candlestick This strategy is suited for big time frames, like 4h -1Day and so on. It places two orders: long at doji star high or previous candle high and short at doji star low or previous candle low. It can also be applied volume average, in order to filter between trades . This strategy works very well with high time frames like Weekly TF because it eliminates the noise in doji formation. It also has inside a risk management made of SL/TP , or if not prefered it can exit based on a exit condition. If you have any questions, please let me know !
Pine Script® strategy
by SoftKill21
2
Ichimoku with MACD/ CMF/ TSI This is a strategy made from ichimoku cloud , together with MACD, Chaiking Money FLOW and True Strenght Index. It can be adapted to any timeframe and any type of financial markets. The idea behind its very simple, We combine the long / short strategy from ichimoku, like cross between lines and below/above cloud together with histogram from MACD for positive/negative level. We use the same criteria for TSI and CMF, to check if its above or below 0 level. Based on that we have a long or a short entry. The exit happens when the next options triggers, like for example we had long signal, we exit when we receive the short signal and viceversa. It can be adapted with a risk management to apply a tp/sl level. For any suggestion or details , let me know.
Pine Script® strategy
by SoftKill21
4
Triple EMA Scalper low lag stratHi all, This strategy is based on the Amazing scalper for majors with risk management by SoftKill21 The change is in lines 11-20 where the sma's are replaced with Triple ema's to lower the lag. The original author is SoftKill21. His explanation is repeated below: Best suited for 1M time frame and majors currency pairs. Note that I tried it at 3M time frame. Its made of : Ema ( exponential moving average ) , long period 25 Ema ( exponential moving average ) Predictive, long period 50, Ema ( exponential moving average ) Predictive, long period 100 Risk management , risking % of equity per trade using stop loss and take profits levels. Long Entry: When the Ema 25 cross up through the 50 Ema and 100 EMA . and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it) Short Entry: When the Ema 25 cross down through the 50 Ema and 100 EMA , and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it) Exit: TargetPrice: 5-10 pips Stop loss: 9-12 pips
Pine Script® strategy
by capam
3
Ultimate VWAP Bands- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions. - For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff. - Each band is set at a fixed offset away from the VWAP . The "VWAP Band Multiplier" adjusts this and is a key part of the script. This allows the indicator to be adjusted based on the assets volatility . For example, with Crypto. A multiplier of 1 would be strongly advised. Whilst a multiplier of 0.1-0.25 would be useful for currency pairs. - This indicator can be used for all manners of trading. However, it is most effective when used for scalping and swing trading.
Pine Script® indicator
by Pinnacle_Investor
11
Dynamic Dots Dashboard (a Cloud/ZLEMA Composite)The purpose of this indicator is to provide an easy-to-read binary dashboard of where the current price is relative to key dynamic supports and resistances. The concept is simple, if a dynamic s/r is currently acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green box below. There are some additional features, but the dot graphs are king. _______________________________________________________________________________________________________________ KEY: _______________________________________________________________________________________________________________ Currently the dynamic s/r's being used in the dot plots are: Ichimoku Cloud: Tenkan (blue) Kijun (pink) Senkou A (red) Senkou B (green) ZLEMA (Zero Lag Exponential Moving Average) 99 ZLEMA (lavender) 200 ZLEMA (salmon) You'll see a dashed line through the middle of the resistances section (red) and supports section (green). Cloud indicators are plotted above the dashed line, and ZLEMA's are below. _______________________________________________________________________________________________________________ How it Works - Visual _______________________________________________________________________________________________________________ As stated in the intro - if a dynamic s/r is currently above the current price and acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green box below. Additionally, there is an optional histogram (default is on) that will further visualize this relationship. The histogram is a simple summation of the resistances above and the supports below. Here's a visual to assist with what that means. This chart includes all of those dynamic s/r's in the dynamic dot dashboard (the on-chart parts are individually added, not part of this tool). You can see that as a dynamic support is lost, the corresponding dot is moved from the supports section at the bottom (green), to the resistances section at the top (red). The opposite being true as resistances are being overtaken (broken resistances are moved to the support section (red)). You can see that the raw chart is just... a mess. Which kinda of accentuates one of the key goals of this indicator: to get all that dynamic support info without a mess of a chart like that. _______________________________________________________________________________________________________________ How To Use It _______________________________________________________________________________________________________________ There are a lot of ways to use this information, but the most notable of which is to detect shifts in the market cycle. For this example, take a look at the dynamic s/r dots in the resistances category (red background). You can see clearly that there are distinctive blocks of high density dots that have clear beginnings and ends. When we transition from a high density of dots to none in resistances, that means we are flipping them as support and entering a bull cycle. On the other hand, when we go from low density of dots as resistances to high density, we're pivoting to a bear cycle. Easy as that, you can quickly detect when market cycles are beginning or ending. Alternatively, you can add your preferred linear SR's, fibs, etc. to the chart and quickly glance at the dashboard to gauge how dynamic SR's may be contributing to the risk of your trade. _______________________________________________________________________________________________________________ Who It's For _______________________________________________________________________________________________________________ New traders: by looking at dot density alone, you can use Dot Dynamics to spot transitionary phases in market cycles. Experienced traders: keep your charts clean and the information easy to digest. Developers: I created this originally as a starting point for more complex algos I'm working on. One algo is reading this dot dashboard and taking a position size relative to the s/r's above and below. Another cloud algo is using the results as inputs to spot good setups. Colored Bars There is an option (off by default, shown in the headline image above) to fill the bar colors based on how many dynamic s/r's are above or below the current price. This can make things easier for some users, confusing for others. I defaulted them to off as I don't want colors to confuse the primary value proposition of the indicators, which is the dot heat map. You can turn on colored bars in the settings. One thing to note with the colored bars: they plot the color purely by the dot densities. Random spikes in the gradient colors (i.e. red to lime or green) can be a useful thing to notice, as they commonly occur at places where the price is bouncing between dynamic s/r's and can indicate a paradigm shift in the market cycle. _______________________________________________________________________________________________________________ Timeframes and Assets _______________________________________________________________________________________________________________ This can be used effectively on all assets (stocks, crypto, forex, etc) and all time frames. As always with any indicator, the higher TF's are generally respected more than lower TF's. Thanks for checking it out! I've been trading crypto for years and am just now beginning to publish my ideas, secret-sauce scripts and handy tools (like this one). If you enjoyed this indicator and would like to see more, a like and a follow is greatly appreciated 😁.
Pine Script® indicator
by StanleyBostich
13
London Open Range Breakout by KviateqThis script is what I currently use to day trade forex on a 5-minute timeframe. The script features Multi-timeframe EMA20 that uses timeframe multipliers and is smoother by the factor by which you're multiplying your current timeframe. Default settings are set to display EMA20 on the current (M5) timeframe, as well as M15, H1, H4 and D1 timeframes. The background color changes intensity based on how many conditions are met - are all EMAs in the right order, is the current close above/below all the EMAs. Featured is also a range set to 1 hour since the London breakout (can be changed to M15, or however long you'd like - my current setting is 30 minute). Also featured are levels that I find to be of most importance - such as Daily and Weekly Open, Previous Day's and Week's Highs. The idea is to only take trades when all stars align - EMAs, break above/below the Opening Range and not to long/short into an important level.
Pine Script® indicator
by hundredtoamillion
6
Efficient Support & Resistance LevelsThis script is a mixture of my two previous scripts "True Strong Classical Support/Resistance Levels" and "Hidden Supports & Resistances + Round Levels". This combination brings on better identification of the most efficient support/resistance levels. Note that "Hidden SnR Levels" part of the code is only expected to work on Forex charts, but apart from that, the other parts could be applied to any chart. The script may: - Draw classical support/resistance levels which retraced the price previously, aided by multi-timeframe analysis - Draw hidden support/resistance levels based on psychological patterns of the price - Adjust to wicks better than Pine Script built-in pivot functions - Differ the levels color based on chart reactions - Merge nearby classical levels to avoid congestion on the chart Feel free to use it and send me your thoughts.
Pine Script® indicator
by informanerd
10
ETS MA Deviation ExtremesWhile trading, I noticed that emphasis is often placed on how far price has moved from the moving average (whichever a trader prefers). In these cases I also found that Bollinger Bands only sometimes played a factor in determining whether price had moved "too far" from the moving average to potentially result in a sharp move back to the average. Because I wanted something more objective than a "gut feeling" that price has moved away from the average enough to make it move back, I decided to see what I could do to determine the standard deviation of how price action moved away from the average , in order to determine when it could potentially have a "rubber band effect" to jump back to the "norm". The result of that is the ETS MA Deviation Extremes indicator, and I hope that it will help you in your trading. The indicator also has bar coloring included, which can be turned off, which gives a good on-chart visual to warn you that the price action might reverse. This has often helped me to be a bit more cautious before just jumping into a trade that might be on the brink of reversing and taking my position out, and it actually turned out to be a good indicator for a reversal trade strategy. The histogram bars give an indication of how far the price has moved away from the average, and I look for a potential reversal as soon as the histograms move back inside the deviation lines after having been outside it. The bar coloration actually depend on more than one set of deviation lines, but putting all of that on the chart just makes it confusing, so I removed the ones that I felt were not essential to make it clearer. I hope it helps you in your trading and makes it easier for you to trade successfully!
Pine Script® indicator
by EasyTradingSignals
4
Real Interest Rate DifferentialThe Real IRD is a simple indicator built for forex trades that need a long-term view and want to compare currencies in search of high yield. The indicated interest rate maturity is 2 years, since shorter maturities may not price central banks' monetary policy decisions. Example: - You need to do an analysis of the AUDUSD - In the Interest Rate 1 field, we put the interest rate for the base currency, in this case the AUD - In the Interest Rate 2 field, the interest rate of the other currency, in this case the USD - In the CPI 1 field, inflation referring to base currency - In the CPI 2 field, inflation for another currency CPI Codes: QUANDL:RATEINF/INFLATION_USA < USD QUANDL:RATEINF/INFLATION_EUR < EUR QUANDL:RATEINF/INFLATION_JPN < JPY QUANDL:RATEINF/INFLATION_CHE < CHF QUANDL:RATEINF/INFLATION_GBR < GBP QUANDL:RATEINF/INFLATION_CAN < CAD QUANDL:RATEINF/INFLATION_RUS < RUB QUANDL:RATEINF/INFLATION_AUS < AUD QUANDL:RATEINF/INFLATION_NZL < NZD
Pine Script® indicator
by blacksheepforex
4
Noldo CFTC COT Forex IndicatorHello. I decided to publish the COT Forex Indicator, which I created for convenience, as an open source. The period DXY is determined by the differences between the two signals on the Pivot Reversal Strategy on the weekly chart.(1W) Thus, relative period point search is automated. When the new signal comes, after the closing, the number of bars between the previous bar before the new signal comes both directions. This elapsed time is our period in which we will look back on relative changes. If there is no signal, the period remains constant, thereby allowing us to notice excessive changes. And in this period, COT data exchange and price changes are reflected in the terminal. The automatic time-keeping of the period and the automatic generation of the relative differences of the terminals according to the period prevents a great loss of time. Thus, we create one of the strong columns that enable us to make decisions. The other column is the signals we obtained as a result of technical analysis. The last column is the economic agenda and data tracking. That's why I made my decision to share this: Real life should not be distracted, should not be drowned in the sea of ​​technical analysis. COT data is one of the most important and valuable tools that bring us signs of real life, It should not be forgotten ! A lot of time is lost while doing these analyzes, and I wanted this to be much more practical and tidy! And we can see if there are factors that will back up our incoming signals. Usage This script works only on DXY . You must open DXY. It only works on 1W graphics. Because COT data is announced on Tuesday, it will cause repaint every Tuesday. However, since it is a terminal, this factor is not strong enough to affect your decisions. For use, you should open the bottom panel, go a little to the right in the history section and enlarge the panel you have opened. The terminal will take its form in the presentation and provide analysis on the big screen. COT data are pulled via Quandl. General kind request: Authors who know the technical broad expression of the security function or have an idea about its creation, please reach me. Best regards.
Pine Script® indicator
by Noldo
10
FauxLife EFIModification to Elder's Force Index (EFI) Ability to change calculation from standard EMA to your choice of SMA, EMA, WMA, or HMA. Very interesting results! Adjust lookback from standard/suggested 13 candlesticks Added a color indication to positive or negative force reading Added background color tint for an easier read on dashboard setups Suggested pair with my On Balance Volume with Cross to use as a filter & entry/exit setup. Enter or exit trades when the two indicators switch at the same time or within 1-2 candlesticks of each other.
Pine Script® indicator
by fauxlife
3MA'S + KAMA Trend (20EMA,50MA,200MA + KAMA Trend)This indicator, combines the traditional FOREX moving averages (20EMA, 50ma, 200ma) into a single indicator with an adaptive moving average (AMA) taken from a user defined timeframe to show trend direction (by default, it plots the daily 10/2/34 KAMA overlayed on any timeframe chart. An AMA moves slowly when markets are sideways but swiftly during periods of volatility as a result it reacts much fast than traditional options for moving average trends. If the price is above the KAMA, trend is up. Below the KAMA, trend is down.
Pine Script® indicator
by HegemonyFinance
1