Uber VQ - Volatility Quality Index [UTS]Name: Uber VQI - Volatility Quality Index
Created: 2022/11/22
Copyright: © UberTradingSystems
Description:
The volatility quality index was first introduced by Thomas Stridsman in Technical Analysis of Stocks and Commodities magazine in the August 2002 edition.
This powerful indicator points out the difference between bad and good volatility in order to identify better trade opportunities in the market.
It is suggested to use this indicator as a confirmation signal together with the other indicators in your system.
General Usage
Stridsman suggested buying (or "to go long") when VQ has increased in the previous 10 bars and selling (or "to go short") when it has decreased in the previous 10 bars.
This indicator has been updated to reflect its modern iterations. One of the following signals are choosable trading signal generator:
VQ Sum
Short MA
Long MA
All three signal triggering conditions can selectively be drawn on the indicator for study and reference purposes.
In addition, generated buy and sell signals can be drawn on the indicator and are modifiable too.
Alerts
To allow alert notifications, generated signals are connected as selectable "Long Signal" and "Short Signal" to the indicator alerts.
The conditions can be found on the alert sections of the indicator.
In the menu right to the indicator name, press the three dots and select "Add alert on ...".
Under condition options select one of the following:
Long Signal
Short Signal
It is advised to select "Once per bar close" as alert execution option.
Moving Averages
To fine-tune the "Short MA" and "Long MA" calculation, 16 different Moving Averages are available to choose from:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fit your own requirements.
Uts
Uber VQ (Lite) - Volatility Quality Index [UTS]Name: Uber VQI (Lite) - Volatility Quality Index
Created: 2022/11/22
Copyright: © UberTradingSystems
Description:
The volatility quality index was first introduced by Thomas Stridsman in Technical Analysis of Stocks and Commodities magazine in the August 2002 edition.
This powerful indicator points out the difference between bad and good volatility in order to identify better trade opportunities in the market.
It is suggested to use this indicator as a confirmation signal together with the other indicators in your system.
Lite Version
Please note that this "Lite" version offers full functionality but is constrained to Euro / US-Dollar trading pairs only.
You can find it as "EURUSD" on many providers such as FXCM, Oanda, Capital.com, Currency.com etc.
If you like this indicator, consider checking out the original. More details under "Author's instructions" and "Signature" sections below.
General Usage
Stridsman suggested buying (or "to go long") when VQ has increased in the previous 10 bars and selling (or "to go short") when it has decreased in the previous 10 bars.
This indicator has been updated to reflect its modern iterations. One of the following signals are choosable trading signal generator:
VQ Sum
Short MA
Long MA
All three signal triggering conditions can selectively be drawn on the indicator for study and reference purposes.
In addition, generated buy and sell signals can be drawn on the indicator and are modifiable too.
Alerts
To allow alert notifications, generated signals are connected as selectable "Long Signal" and "Short Signal" to the indicator alerts.
The conditions can be found on the alert sections of the indicator.
In the menu right to the indicator name, press the three dots and select "Add alert on ...".
Under condition options select one of the following:
Long Signal
Short Signal
It is advised to select "Once per bar close" as alert execution option.
Moving Averages
To fine-tune the "Short MA" and "Long MA" calculation, 16 different Moving Averages are available to choose from:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fit your own requirements.
Forex Risk Buddy - Lite: Position Size, SL & TP System [UTS]Forex Risk Buddy - Lite
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on forex markets.
The 'Lite' version is limited to the EUR/USD forex trading pair.
💵 Forex
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculating your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Forex Risk Buddy: Position Size, SL & TP System [UTS]Forex Risk Buddy
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on forex markets.
💵 Forex
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculating your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Crypto Risk Buddy - Lite: Position Size, SL & TP System [UTS]
Crypto Risk Buddy - Lite
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on crypto assets.
The 'Lite' version is limited to BTC as base currency.
₿ Cyptocurrencies
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculating your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Crypto Risk Buddy: Position Size, SL & TP System [UTS]
Crypto Risk Buddy
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on crypto assets.
₿ Cyptocurrencies
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculatig your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Uber Risk Buddy: Position Size, SL & TP System [UTS]
Uber Risk Buddy
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on any asset e.g.:
💰 Futures
₿ Cyptocurrencies
💵 Forex
📈 Stocks
📉 Fund
🗂️ Indices
Position Sizing
De-risk possible drawdown by calculating a proper position size:
Define your risk percent based on your net value
Freely define your account currency (Base currency)
Trade any asset by the customisable Base/ Quote currency factor
Optional trading fee calculation
Show all information on a customisable data screen
Stop Loss
Minimise trade risk by calculating your stop-loss:
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Easily customisable
Two visual representations on chart
Automatically and real-time calculated on screen
Indicator Access: 1 week trial available (DM for access)
Volume Treshold [UTS]Volume Treshold
Helps to identify periods of high and low volume.
This information can be used to evaluate market trends and to determine trade entries and exits.
Note: this only works on charts with volume information available
Treshold line changes color if a candle is more than x percent of the average volume of the last n candles
Treshold line changes color back to gray again if volume falls below the treshold
A lookback period defines how many bars should be taken into consideration
% that causes it to be triggered settable in decimals up to 3.5 where 1.0 equals to 100%
Colour to change the volume bar to can be set via menu
Ability to show the treshold as visualized drawing over the histogram as line or area
Ability to choose smoothing method for treshold calculation (SMA | EMA)
An optional Simple Moving Average of the volume data can be added to the chart.
Volume Treshold [UTS]Volume Treshold
If volume of a candle is more than x percent of the average volume of the last n candles, it changes colour.
Can be shown on the candles themselves and could be set to independent figures vs the volume bars
Both elements of this, the volume bars and candles could be edited independently with the following values;
- Lookback period how many bars should be taken into consideration
- % that causes it to be triggered settable in decimals up to 3.5 where 1.0 equals to 100%
- Colour to change the volume bar to can be set via menu
- Colour to change the candle to can be set via menu
- Ability to show the treshold as visualized drawing over the histogram
- Ability to choose smoothing method SMA | EMA
- Optional: to add a moving average to the volume bars
Note: only works on charts with volume information
Strategy - Uber STC - Schaff Trend Cycle [UTS]Backtesting of Uber STC - Schaff Trend Cycle
Backtest with focus win/loss profitability.
Formula: profitability = win / (win+loss)
Default equity 100k USD
Default 2% Risk per trade
Default currency USD
Define backtest interval precisely by month, year, day
LONG and SHORT positions
Visualize SL and TP on chart
ATR (len: 14, smooth: SMA)
ATR based Stop-Loss, if hit trade will be closed and considered as loss
ATR based Take-Profit, if hit trade will be closed and considered as win
On TP or SL hit the trade is closed and marked as win/loss
Uber STC - Schaff Trend Cycle [UTS]Desc:
The Schaff Trend Cycle (STC) is a charting indicator that is commonly used to identify market trends and provide
buy and sell signals to traders.
Developed in 1999 by noted currency trader Doug Schaff, STC is a type of oscillator and is based on the assumption that,
regardless of time frame, currency trends accelerate and decelerate in cyclical patterns.
This indicators source code is based on Releasing the Code to the Schaff Trend Cycle.pdf
Executive Summary
Schaff Trend Cycle is a charting indicator used to help spot buy and sell points in the markets.
Compared to the popular MACD indicator, STC will react faster to changing market conditions.
A drawback to STC is that it can stay in overbought or oversold territory for long stretches of time.
General Usage
There are two lines indicating overbought and oversold conditions, default at 75 and 25 which is customizable of course.
Signals are created on line crosses. They that can be used to enter LONG/SHORT or EXIT a trade.
If the STC crosses the lower line upwards a LONG signal is triggered and if it crosses the upper line a SHORT signal is triggered.
Line crosses in the other direction than the current trade also work as EXIT signal.
Alerts
Traders can easily use the reversal signal to trigger alerts from:
Cross Up
Cross Down
Those values are > zero if a condition is triggered.
Alert condition example: "Cross Up" - "Greater Than" - "0"
Moving Averages
16 different Moving Averages are available:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fits your own requirements.
Uber WAE - Waddah Attar Explosion [UTS]The Waddah Attar explosion indicator is a well known indicator in the forex community all over the web. It builds on MACD together with Bollinger Bands and measures the current direction and strength in market.
This indicator can act as a scalper on lower timeframes e.g. 30M - 4H but also does a pretty decent job as volatility filter to determine strong trending movements on higher timeframes like 1D.
Example code can be found at www.prorealcode.com .
General Usage
The colored histogram visualizes the strength of the trend (green = bullish, red = bearish).
A buy/sell signal is triggered when the (green/red) histogram bars rise above the explosion line.
An exit signal is triggered if the bar falls below the explosion line.
Alerts
Traders can easily use the reversal signal to trigger alerts from:
Enter Long
Enter Short
Exit Long
Exit Short
Maintain Long
Maintain Short
Those values are > zero if a condition is triggered.
Alert condition example: "Enter Long" - "Greater Than" - "0"
Moving Averages
16 different Moving Averages are available for calculation of both MACD and BB components:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fits your own requirements.
Strategy - Backtest Uber Kuskus Starlight [UTS]Backtest of Uber Kuskus Starlight
Backtest with focus win/loss profitability.
Formula: profitability = win / (win+loss)
Default equity 100k USD
Default 2% Risk per trade
Default currency USD
Define backtest interval precisely by month, year, day
LONG and SHORT positions
Visualize SL and TP on chart
ATR (len: 14, smooth: SMA)
ATR based Stop-Loss, if hit trade will be closed and considered as loss
ATR based Take-Profit, if hit trade will be closed and considered as win
On TP or SL hit the trade is closed and marked as win/loss
Uber Kuskus Starlight [UTS]General Usage
The Kuskus Starlight is a Zero-Line Indicator that produces signals based on zero line cross.
It is designed to offer traders the much needed information on trend direction. Just like the name suggests, the indicator produces starlight shaped bodies to form a slope that runs above or below the zero reference level.
Interestingly, the starlight shaped bodies are seen to alter their color between blue (when the starlight shaped bodies are above the zero reference level) and red (when the starlight shaped bodies are below the zero signal level).
Buy Signal
Buy Signal
Go long when the blue starlights get above the zero signal level.
Sell Signal
Go short when the red starlights go below the zero signal level.
Exit buy trade
Close all buy orders if while a bullish trend is ongoing, the Kuskus Starlight Indicator pops up a red starlight slightly below the zero level.
Exit sell trade
Close all sell orders if while a bearish trend is running, the Kuskus Starlight Indicator displays a blue starlight somewhat above the zero level.
Styles
Four different styles are available:
Original Starlight
Area Chart
Histograms
Line Chart
Line Chart
Signals
The (alert-) signal generating line crosses can optionally be shown.
Alerts
Traders can easily use the trend change signals to trigger alerts from:
Up Signal
Down Signal
Those values are > zero if a condition is triggered.
Alert condition example: "Up Signal" - "GreaterThan" - "0"
Uber M-Oscillator (M. Fawzy, 2018) [UTS]General Usage
The M-Oscillator analyses the price change rather than the price level. It draws the difference between prices at two time intervals.
It is a leading indicator of price direction. It can identify when the current trend is no longer maintaining its same level of strength or is losing
momentum. The importance of the momentum is when its value reaches to extreme levels either up or down.
Interpretation
M-Oscillator reading for default period of 14.
M-Oscillator is plotted along the bottom of the price chart; it
fluctuates between positive and negative 14.
Movement above 10 is considered overbought, and movement
below -10 is oversold.
In sharp moves to the upside, the M-Oscillator fluctuates
between 5 and 14, while in down side it fluctuates between -5
and -14.
In an uptrend, the M-Oscillator fluctuates between zero and
14 and vice versa.
The advantage
The momentum line leads the price action (it leads the
advance or decline in prices).
The crossing of the zero line is considered as a trading signal.
The disadvantage
The need for an upper and lower boundary.
If recent price gains are the same as older price gains, the
momentum line will be fl at even though the market is still
going up.
If recent price gains are less than those of before, even if
prices are still rising, the rate of change will have slowed
further, and the momentum line will actually drop.
Using price differences in the erratic movements often caused
by sharp changes in the value.
The "Uber" M-Oscillator
The Uber version of M-Oscillator provides the following improvements:
Period is not fixed to 14 anymore, can be determined freely
Overbought and oversold conditions are automatically adjusted to the chosen period
Ability to draw oscillator crosses on the signal line
For both oscillator and signal line smoothing 16 moving averages are available
Available Moving Averages
16 different moving averages are available for oscillator and signal line:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
Alerts
Traders can easily use the trend change signals to trigger alerts from:
Cross Up
Cross Down
Those values are > zero if a condition is triggered.
Alert condition example: "Cross Up" - "GreaterThan" - "0"
Trading tactics
Overbought/Oversold:
We define the overbought area as anywhere above the 10
level. The oversold area is below -10. When the M-Oscillator goes
above 10 (overbought) and then re-crosses it to the downside,
a sell signal is triggered. When the M-Oscillator surpasses -10
to the downside and then re-crosses back above this level, a
buy signal is triggered. This tactic is only successful during
sideways markets; during an uptrend, the oscillator will remain
in its overbought territory for long period of times. During a
downtrend, it will remain in oversold for a long time.
Overbought/Oversold rule:
Buy when the M-Oscillator violates the (-10) level to the
downside and crosses back to the upside
Sell when the M-Oscillator crosses above the (+10) level and
crosses back to the downside
Divergence:
Divergence is one of the most striking features of the
M-Oscillator. It is a very important aspect of technical analysis
that enhances trading tactics enormously; it shows hidden
weakness or strength in the market, which is not apparent in
the price action. A positive divergence occurs when the price is
declining and makes a lower low, while M-Oscillator witnesses
a higher low. A negative divergence occurs when the price is
rising and makes a higher High, while the M-Oscillator makes
a lower high, which indicates hidden weakness in the market.
Divergences are very important as they give us early hints of
trend reversal.
Divergence rule:
Buy when the M-Oscillator witnesses a positive divergence
with prices followed by a rise above (-10)
Sell when the M-Oscillator witnesses a negative divergence
with prices followed by a decline below (+10)
Support and Resistance
During an uptrend, the M-Oscillator moves between (0) and
(+10). During a downtrend, most of the time the M-Oscillator
will move between (0) and (-10). Sometimes the (0) level acts
as support (in the case of uptrends) and resistance (during
downtrends). We can buy during an uptrend when the
M-Oscillator reaches its midrange (0) and begins to move to the
upside from there. During downtrends, an upward move to (0)
might be a selling opportunity.
It is also used as exit signal (when the M-Oscillator acts as a
resistance) as well as indication of a re-entry level (when the
M-Oscillator acts as a support)
Exit signal:
When the M-Oscillator crosses above the (-10), giving
a buy signal, but it doesn’t retrace further than the zero
line, the M-Oscillator drops towards the lower boundary.
This is considered as weakness and an exit signal when the
M-Oscillator drops from the zero line toward the (-10). (To avoid
whipsaws, filters can be used.)
Re-entry:
When the M-Oscillator breaks the (+10), giving a sell signal,
but it doesn’t retrace further than the zero line, the M-Oscillator
rebounds toward the upper boundary. This is considered as
strength and a re-entry point when the M-Oscillator rebounds
from zero line to upside. (To avoid whipsaws, filters can be used.)
Using M-Oscillator as a Trend Identifier on LongTerm Scale
During downtrends, the M-Oscillator does not reach
overbought zone. A move toward the overbought area is a sign of
strength when it occurs for the first time in a while. On the other
hand, during uptrend, the M-Oscillator does not reach oversold
areas easily. Going into oversold and staying there after a long
time is a signal that the uptrend is reversing. (As Constance
Brown explained in her book Technical Analysis for the Trading
Professional, chapter 1, “oscillators do not travel between 0 and
100”.)
Crossover on Extreme Levels
Sell signals are triggered when the M-Oscillator crosses
its signal line above (13), which indicates an extreme market
condition, and buy signals are triggered when the M-Oscillator
crosses its signal line below (- 13).
Strategy - Backtest Uber SSL Channel / SSL Indicator [UTS]Backtesting of Uber SSL Channel / SSL Indicator
Backtest with focus win/loss profitability. Formula: profitability = win / (win+loss)
Do not put too much weight on trade PNL as the value is not necessary correct.
For example: on SL or TP hit an open position is marked as to be closed but executed on the open a new candle, thus leads to incorrect PNL.
Default equity 50k
Default 2% Risk per trade
Default currency USD
Define backtest interval precisely by month, year, day
ATR (len: 14, smooth: SMA)
ATR based Stop-Loss, if hit trade will be closed and considered as loss
ATR based Take-Profit, if hit trade will be closed and considered as win
If TP or SL is hit trade is closed and of course considered as win/loss
---
DM me / Tip (see Signature) or Subscribe for access
Strategy - Backtest Uber ASH - Absolute Strength Histogram [UTS]Backtesting of Uber ASH - Absolute Strength Histogram
Backtest with focus win/loss profitability. Formula: profitability = win / (win+loss)
Do not put too much weight on trade PNL as the value is not necessary correct.
For example: on SL or TP hit an open position is marked as to be closed but executed on the open a new candle, thus leads to incorrect PNL.
Default equity 50k
Default 2% Risk per trade
Default currency USD
Define backtest interval precisely by month, year, day
ATR (len: 14, smooth: SMA)
ATR based Stop-Loss, if hit trade will be closed and considered as loss
ATR based Take-Profit, if hit trade will be closed and considered as win
If TP or SL is hit trade is closed and of course considered as win/loss
---
DM me / Tip (see Signature) or Subscribe for access
Uber ASH - Absolute Strength Histogram [UTS]The Absolute Strength Histogram is an indicator that measures the current strength in market.
If the red line crosses the green line the bears are in control. If the green line crosses the red the market is in favor of the bulls.
General Usage
Signals are created on line cross. They that can be used to EXIT or LONG/SHORT a trade.
It is worth investing the time and fine-tune the settings: e.g. SuperSmoothed 16 and HMA 40 provides decent results.
The colored histogram visualizes if any "strength" is existent and if a trend reversal can become more likely.
Alerts
Traders can easily use the reversal signal to trigger alerts from:
Cross Up
Cross Down
Those values are > zero if a condition is triggered.
Alert condition example: "Cross Up" - "Greater Than" - "0"
Calculation methods
The market “strength” can be calculated in three different ways:
ADX
RSI
STOCHASTIC (default)
Moving Averages
16 different Moving Averages are available:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fits your own requirements.
Uber REX Oscillator [UTS]The Rex Oscillator measures market behavior based on the relationship of the close to the open, high and low values of the same bar. A big difference between the high and close on a bar indicates weakness, and wide disparity between the low and close indicates strength. The difference between open and close also indicates market performance.
When the Rex Oscillator turns positive in a bearish trend, a reversal is indicated. Likewise, Rex turning negative in a bull market indicates a reversal to the downside.
General Usage
The Rex Oscillator is mostly used as a Reversal and Exit indicator.
Signals are created when Rex is crossing the Signal line. They that can be used to EXIT or LONG/SHORT a trade.
It is worth investing the time and fine-tune the settings: e.g. SuperSmoothed 16 and HMA 40 provides decent results.
Moving Averages
16 different Moving Averages are available:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fits your own requirements.
Alerts
Traders can easily use the reversal signal to trigger alerts from:
Cross Up
Cross Down
Those values are > zero if a condition is triggered.
Alert condition example: "Cross Up" - "Greater Than" - "0"
Trend Visualization
Optional: If the signal line trend direction is DOWN it is painted red. If the trend direction is UP the signal line is painted in green.
Uber SSL Channel [UTS]The SSL channel is a mighty breakout and trend-following indicator.
It is assumed as TOP 100 Forex indicator and was featured by VP of No Nonsense Forex.
General Usage
A SSL Moving Averages cross (color changes as well) is assumed as ENTRY signal and the trader can open a position following the trend direction.
Such a signal is also always an EXIT signal for currently active trades.
Moving Averages
16 different Moving Averages are available:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fits your own requirements.
Alerts
Traders can easily use the trend change signals to trigger alerts from:
Up Signal
Down Signal
Those values are > zero if a condition is triggered.
Alert condition example: "Up Signal" - "GreaterThan" - "0"
FVE - Finite Volume Elements [UTS]FVE is a money flow indicator but with two important differences from existing money flow indicators:
It resolves contradictions between intraday money flow indicators (such as Chaikin’s money flow) and interday money flow indicators (like On Balance Volume) by taking into account both intra- and interday price action.
Unlike other money flow indicators which add or subtract all volume even if the security closed just 1 cent higher than the previous close, FVE uses a volatility threshold to take into account minimal price changes.
General Usage
The FVE provides 3 types of signals:
The strongest signal is divergence between price and the indicator. Divergence can provide leading signals of breakouts or warnings of impending corrections. The classic method for detecting divergence is for FVE to make lower highs while price makes higher highs (negative divergence). An alternative method is to draw the linear regression line on both charts, and compare the slopes. A logical buy signal would be for FVE, diverging from price, to rise sharply and make a series higher highs and/or higher lows.
The most obvious and coincident signal is the slope of the FVE line. An upward slope indicates that the bulls are in control and the opposite for downward.
This is a unique and very important property of this indicator. Values above zero are bullish and indicate accumulation while values below zero indicate distribution. FVE crossing the zero line indicates that the short to intermediate balance of power is changing from the bulls to the bears or vice versa. The best scenario is when a stock is in the process of building a base, and FVE diverges from price and rises to cross the zero line from below, at a sharp angle. Conversely the crossing of the zero line from above is a bearish signal to liquidate positions or initiate a short trade.
Trend Visualisation
Optional: If the trend direction is DOWN the moving average is painted red. If the trend direction is UP the moving average is painted in green.
If the movement is FLAT then the color is grey.
Moving Averages
Five different types of Moving Averages are available for both FVE and the optional moving average of the FVE.
ALMA (Arnaud Legoux Moving Average)
Average Value
EMA (Exponential Moving Average)
SMA (Simple Moving Average)
WMA (Weighted Moving Average)
Calculation Methods
Since Markos Katsanos presented the first version of the FVE in April 2003.
Since then there have been various adaptions and improvements on this indicator.
The following are choosable for calculating the FVE:
Thinkscript usethinkscript.com
Linnsoft www.linnsoft.com
Volatility Adapted traders.com
VFI - Volume Flow Indicator [UTS]The Volume Flow Indicator (VFI) indicator was first introduced in my June 2004 and is is based on the popular On Balance Volume (OBV) but with three very important modifications:
Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish.
The calculation is based on the day's median instead of the closing price.
A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume.
The indicator takes into account only the latest 6 month volume action and not the entire data loaded in the chart.
General Usage
A simplified interpretation of the VFI is that values above zero indicate a bullish state and the crossing of the zero line is the trigger or buy signal.
The strongest signal with all money flow indicators is of course divergence.
The classic form of divergence is when the indicator refuses to follow the price action and makes lower highs while price makes higher highs (negative divergence). If price reaches a new low but the indicator fails to do so, then price probably traveled lower than it should have. In this instance, you have positive divergence.
Default settings
130 VFI Length
0.2 Coef
2.5 Volume cutoff
3 Smoothing Period
Further setting examples can be found on www.precisiontradingsystems.com
Trend Visualisation
Optional Setting:
If the trend direction is DOWN the moving average is painted red. If the trend direction is UP the moving average is painted in green.
If the movement is FLAT then the color is grey.
Moving Averages
4 different types of Moving Averages are available for both FVI and the optional Moving Average of the FVI.
ALMA (Arnaud Legoux Moving Average)
EMA (Exponential Moving Average)
SMA (Simple Moving Average)
WMA (Weighted Moving Average)
Notes
This indicator is using the exact formula from mkatsanos.com where EMA has been taken as default value for FVI smoothing calculation.
CMF Osc - Chaikin Money Flow Oscillator [UTS]The well known Chaikin Money Flow Indicator as oscillator version.
General Usage
The indicator runs both above and below zero, made to denote whether an asset is in a bullish (above zero) or bearish (below zero) trend.
It can be used to confirm trends, as well as spot possible trading signals due to divergences.
A benefit of the oscillator version is that it can produce LONG or SHORT signals on zero line cross.
Moving Averages
4 different Moving Averages are available:
EMA (Exponential Moving Average)
SMA (Simple Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
