Williams Percent Range with Trendlines and BreakoutsHere is my "Williams Percent Range with Trendlines and Breakouts" indicator, a simple yet powerful tool for traders. This indicator combines the classic Williams %R oscillator, which helps identify overbought and oversold levels, with added trendlines for easier trend analysis at a glance.
It's designed to make spotting potential breakouts easier by drawing attention to significant price movements. With customizable settings for the Williams %R period and trendline sensitivity, it's a flexible tool for various symbols and trading styles.
Whether you're looking to refine your trading strategy or just need a clearer view of market trends, this indicator should offer a straight forward approach to hopefully enhance your trading decisions.
Disclaimer: This indicator is intended for educational and informational purposes only. Always conduct your own research and analysis before making trading decisions.
XAG USD ( Silver / US Dollar)
XAUUSD & XAGUSD LOT SIZE CALCUALTOR - BY ADRIANFX94This calculator is a tool designed for traders who trade on the financial markets with instruments like gold (XAUUSD) and silver (XAGUSD). It helps you determine the appropriate lot size to trade based on your account balance, desired risk percentage, and stop-loss size in pips.
Here's how it works:
Account Balance: You input your account balance in US dollars (USD). This is the amount of money you have available to trade.
Risk Percentage: You specify the percentage of your account balance that you are willing to risk on each trade. For example, if you set it to 1%, you are willing to risk 1% of your account balance on a single trade.
Stop Loss Pip Size: You set the size of your stop loss in pips. A stop loss is a risk management tool that defines the maximum amount you are willing to lose on a trade.
The calculator then uses this information along with contract sizes and pip sizes for gold and silver to calculate the appropriate lot size for each instrument. Lot size refers to the number of units or contracts you will trade.
The results are displayed in a table on the top-right corner of your trading chart. The table shows your account balance, the risk percentage you set, and the calculated lot size for gold and silver. The lot size represents the number of contracts you should trade for each instrument to align with your risk management strategy.
By using this calculator, traders can make informed decisions about their trade sizes, ensuring they manage their risk effectively and trade in a way that aligns with their account balance and risk tolerance. It helps traders avoid overexposing their accounts to risk and helps maintain a disciplined trading approach.
Williams%R EMA CROSSESWilliams %R , also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market.
In this study, exponential moving averages are used in order to smooth out the false signals produced by Williams %R and to see more accurate signals.
In addition, it is aimed to see the divergences by using the moving averages of The Williams %R.
When the short exponential moving averages of Williams %R is above the longs, it may be a signal to think an uptrend will begin, and the long exponential moving averages of Williams %R is above the shorts, it may be a signal to think a downtrend will begin.
At the same time, a second check can be made for price movement with weighted moving averages.
XAGUSD Long/Short Signal ~ By: Sarp GokdagAbout the Oscillator :
The Rex Oscillator is a study that measures market behavior based on the relationship of the close to the open, high and low values of the same bar. The theory behind the Rex Oscillator is that a big difference between the high and close on a bar indicates weakness. Conversely, wide disparity between the low and close indicates strength. The difference between open and close also indicates market performance.
The True Value of a Bar (TVB) gives us an indication of how healthy the market is. It is possible to have a negative close and a positive TVB, and vice versa. This indicates that the market is building strength on the opposing side of the trend. The Rex Oscillator is a moving average of the TVB, indicating the inertia of the market. 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.
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.
The REX Strategy goes long when the REX line of the REX Oscillator crosses above the Signal line and Short when the REX line crosses below the Signal line. The strategy is a reversal strategy through the use of the 'Cover and go Long' and 'Close and go Short' Actions. The REX Oscillator properties of Period' and Signal' can be changed for testing purposes using the available Rex1 'Factor.'
The blue line indicates the difference between the Rex MA and the Signal.
If the blue line crosses above "0", go Long.
If the blue line crosses below "0", go Short.
To achieve best results from this strategy, set your chart range minimum 4hrs, max 1 Day.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
USD (basket) / XAG SpreadHey all; I made this script for default usage on the 15 min chart for XAGUSD, try it out and tell me what you think.
It is similar to what the original user /u/MarcoValente published for his gold/silver spread script; however I have made some changes so this is usable for XAGUSD and utilizes my 'holy grail' method of basket weighting the USD (aka why the code is protected) for comparison against silver and I also made some visual enhancements like color changes, filled area of interest, and crossover markings.
One way this script can be thought of actually 'doing' is measuring the true strength of the USD against a basket vs silver. As the USD gains strength, the price per unit of silver should decrease; as the USD loses strength the price per unit of silver should increase.
The filled area is the difference between the spread and the slow MA; the marked crosses are the cross of the spread with the slow MA.
Feel free to PM me with questions etc. I find that this script is slow to load sometimes so if it doesn't immediately load try changing time frames a few times before returning to 15 min and if all else fails just wait it out haha
