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Chande Momentum Oscillator (CMO) Buy Sell Strategy [TradeDots]The "Chande Momentum Oscillator (CMO) Buy Sell Strategy" leverages the CMO indicator to identify short-term buy and sell opportunities. HOW DOES IT WORK The standard CMO indicator measures the difference between recent gains and losses, divided by the total price movement over the same period. However, this version of the CMO has some limitations. The primary disadvantage of the original CMO is its responsiveness to short-term volatility, making the signals less smooth and more erratic, especially in fluctuating markets. This instability can lead to misleading buy or sell signals. To address this, we integrated the concept from the Moving Average Convergence Divergence (MACD) indicator. By applying a 9-period exponential moving average (EMA) to the CMO line, we obtained a smoothed signal line. This line acts as a filter, identifying confirmed overbought or oversold states, thereby reducing the number of false signals. Similar to the MACD histogram, we generate columns representing the difference between the CMO and its signal line, reflecting market momentum. We use this momentum indicator as a criterion for entry and exit points. Trades are executed when there's a convergence of CMO and signal lines during an oversold state, and they are closed when the CMO line diverges from the signal line, indicating increased selling pressure. APPLICATION Since the 9-period EMA smooths the CMO line, it's less susceptible to extreme price fluctuations. However, this smoothing also makes it more challenging to breach the original +50 and -50 benchmarks. To increase trading opportunities, we've tightened the boundary ranges. Users can customize the target benchmark lines in the settings to adjust for the volatility of the underlying asset. The 'cool down period' is essentially the number of bars that await before the next signal generation. This feature is employed to dodge the occurrence of multiple signals in a short period. DEFAULT SETUP Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 80% Signal Cool Down Period: 5 RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Pine Script™ strategy
by tradedots
2
Exponential Stochastic Strategywhat is Exponential Stochastic? it is a modified version of the stochastic indicator. This strategy does not include pyramiding, repaint, trailing stop or take profit. what it does? It contains an extra input in addition to the stochastic indicator. Thanks to this input, different exponential weights can be given to the outputs and the indicator can be made more sensitive or insensitive. The strategy buys when the indicator leaves the overbought zone, sells when it leaves the oversold zone and always stays in the trade. how it does it? it uses this formula: i.hizliresim.com Thanks to this formula, even if the weights given to the outputs change, the indicator always continues to take a value between 0 and 100. how to use it ? With the input named "exp", you can change the sensitivity of the indicator and develop different strategies. other inputs are the same as the stochastic indicator. Increasing the exp value causes the indicator to signal less, decreasing it makes it much more sensitive.
Pine Script™ strategy
by faytterro
3
ALMA/EMA/SRSI Strategy + IndicatorBack with another great high hit rate strategy!! Disclaimer* This strategy was sampled using source code written by @ClassicScott , as referred to in the script, there is a clear line where the source code was scripted by myself. This Strategy consists of three key factors, the ALMA, EMA crossover, and a Stochastic Rsi ALMA: The Alma is the step line shown, turning green and red at select times. This average value gives general oversight of the macro movement of price action. and this particular one was coded by Mr.ClassicScott. EMA crossover: At the input screen you are given an option of the fast and slow ema's. The default is solely for the hit rate and correlation to the Alma of this strategy. The arrows you see depicted on the chart are the crossover events happening. Stochastic Rsi: The Stochastic Rsi is a stochastic value, using data sampled from the rsi. The use of this indicator in my strategy is to prevent entries when too overbought and oversold, as well as closures and vice versa, to prevent holding bags either way. Fixed % TP: In the input screen you are given a take profit and stop loss percentage, for good R/R the hit rate will take a notch down, but with no R/R it will be near perfect. How to use this: Add it to your chart to get the strategy inputs. (The strategy is really only useful on a 15min TF. However the indicator within it can be used on anything at anytime!) Watch the yellow and aqua moving averages, these are your ema's and crossover's will trigger signals based on your integer inputs. Find Correlation between other leading indicators, as well as crossover's down/up and a red/green alma. DO NOT use the arrows as buy/sell signals. These are simply to show ema's are crossing under or over. Momentum indicator's paired with this can be useful to determine if it could be a buy signal or sell signal. Cheat Code's Notes: Almost at 1000 boosts!!! I appreciate the support from everyone and I will keep trying my best to deliver quality strategies for the people. -Cheat Code BYBIT:BTCUSDT
Pine Script™ strategy
by CheatCode1
16
Triple RSI strategyThis strategy is commonly used both in forex and stock markets for reversal trading. when the rsi line reaches and crosses simultaneously at 3 rsi setups i.e at 7, 14, and 21, a signal is generated. This strategy works best in 1-hour timeframe. It provides over 60 to 80 percent accuracy in 1-hour timeframe. In the stock market, this strategy provides an excellent entry point, if one is seeking small profits. One can expect to make around 10 to 50 pips in the forex market easily. However, I advise seeking support from price action from the lower timeframe in the forex market. I hope you like it. Follow for more strategies and scripts like this.
Pine Script™ strategy
by Trade_by_DB
Combo Backtest 123 Overbought/Oversold This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Simple Overbought/Oversold indicator WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
Scalping using RSI 2 indicator with TSLThis strategy implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs ( EMA or SMA ) having different lengths (by default, I use 50 and 200). A trailing stop loss (%) is used. Entry conditions: .) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long .) Fast MA < Slow MA and Price < Slow MA and RSI > Overbought Threshold ------> go Short Exit conditions: .) Long entry condition is true and (close >= TP or close <= TSL ) ----> close short position .) Short entry condition is true and (close <= TP or close >= TSL ) ----> close long position The strategy performed best on Bitcoin and the most liquid and capitalized Altcoins but works excellent on volatile assets, mainly if they often go trending. Works best on 3h - 4h time frame. There's also an optional Volatility filter, which opens the position only if the difference between the two slopes is more than a specific value, which can be set in the study inputs. The purpose is not opening positions if the price goes sideways and the noise is way > than the signal. Note: .) the RSI length is 2; .) the oversold Threshold is 90%; .) the overbought Threshold is 10%; .) by default, the trailing stop loss per cent is 1%; .) by default, the fast MA length is 50; .) by default, the slow MA length is 200; .) by default, the MA used is EMA. Cheers.
Pine Script™ strategy
by Ninorigo
17
dirt cheap yet elegant RSI 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. This is a good way to show off a good looking strategy, atleast in paper, with minimal effort involved in the making and usage. It can be made with the most minimal lines of code if needed to bring shame unto others. It only works in a few markets and who knows if it will actually rebound from the overbought or oversold levels but in case it doesn't I put in a time-based stop to exit in case of that worst case scenario. There's not much to it, good for trolling others, or serious business, you decide.
Pine Script™ strategy
by SparkyFlary
3