ucsgears

UCS_Extreme Snap Back (TVI)

3887 görüntülenme
400
3887 50
I am calling it a SNAP BACK indicator.

Utilizing the TVI (Transactional Value Index - Link below for indicator / setups)
You can pretty much guess when any instrument could slow down, last stand in a pullback and the last few candles before losing its strong trend.

It varies per person, a short term trader can use this, Long term traders can hedge with options.

A great tool for my trading. Thought I will share this.


This utilizes TVI indicator, currently the TVI is manipulated manually, I have automated a version for future release.

Embrace trading - keep the money flowing.
Favori Komutlardan Çıkart Favori Komutlara Ekle
// Created by UCSgears

study(title="UCS_Extreme Snap Back", shorttitle="UCS_Snapback", overlay=true)

// NO INPUTS - TRADING SYSTEM

hps = input (true, title = "High Probability Setup")
mps = input (false, title = "Mid Probability Setup")
lps = input (false, title = "Low Probability Setup")

// Inputs per video on youtube
src = ohlc4
len1 = 7
len2 = 14
len3 = 21

// Moving Average (Mid Point Fair Value)
ma1 = sma(src, len1)
ma2 = sma(src, len2)
ma3 = sma(src, len3)

// ATR (Dynamic Volatility Units)
rng1 = sma(tr,len1)
rng2 = sma(tr,len2)
rng3 = sma(tr,len3)

// ATR deviation or Secret Sauce of the promoter
up1 = ma1 + rng1 * 1.6
up2 = ma2 + rng2 * 2.4
up3 = ma2 + rng3 * 3.2

dn1 = ma1 - rng1 * 1.6
dn2 = ma2 - rng2 * 2.4
dn3 = ma2 - rng2 * 3.2

// Low Probability Trade Setup
ERhigh1 = high > up1 ? 1 : 0
ERlow1 = low < dn1 ? 1 : 0

// Medium Probability Trade Setup
ERhigh2 = high > up1 and high > up2 ? 1 : 0
ERlow2 = low < dn1 and low < dn2 ? 1 : 0

// High Probability Trade Setup
ERhigh3 = high > up1 and high > up2 and high > up3 ? 1 : 0
ERlow3 = low < dn1 and low < dn2 and low < dn3 ? 1 : 0

// Plots Based on Selection
HiPERh = hps and ERhigh3 ? red : na
HiPERl = hps and ERlow3 ? green : na

MiPERh = mps and ERhigh2 ? red : na
MiPERl = mps and ERlow2 ? green : na

LoPERh = lps and ERhigh1 ? red : na
LoPERl = lps and ERlow1 ? green : na

// Highlights
bgcolor(HiPERh, transp=70)
bgcolor(HiPERl, transp=70)
bgcolor(MiPERh, transp=70)
bgcolor(MiPERl, transp=70)
bgcolor(LoPERh, transp=70)
bgcolor(LoPERl, transp=70)
qucik explanation plz ... i see you are doing something with sma(tr,len123)

dn3 = ma2 - rng2 * 3.2


// Low Probability Trade Setup
ERhigh1 = high > up1 ? 1 : 0

???? what are you comparing and what component makes it work like a oscillator
Cevap Gönder


Version 2 here.
Cevap Gönder
I'm surprised that more people do not "like" this awesome indicator. I find it extremely useful. Now, I'm just trying to figure out how to add a sound alert to it.
Cevap Gönder


Thats How you will profit from AAPL
Cevap Gönder
Guys/Gals. Based on comments and im's i received, Planning to update this with the following options.

1. Custom Inputs to create your definition of time frames
2. Options to plot this as bgcolor or label along with a bar count.
3. implementing the editable function
4. Choice of using TVI / RSI.

add your comments to this post. So i can improve this indicator.
Cevap Gönder
cristian.d ucsgears
This is perfect, thanks a ton. Nothing to be added; I keep trying to find something that will somehow warn me about the false signals like in a strong trend.
Cevap Gönder
cristian.d cristian.d
Volume good give confirmation in a trending market.
+1 Cevap Gönder
2use cristian.d
Seens a good combo. Do post more updates if you find this working
Cevap Gönder
Add support/resistance pivots and volume reading and it's pretty good.
Cevap Gönder
2use cristian.d
Can you add a chart and show which ones?
Cevap Gönder
Ana Sayfa Hisse Senedi Takipçisi Forex Takipçisi Kripto Takipçisi Ekonomik Takvim Nasıl Çalışır Grafik Özellikleri Ücretlendirme Kurallarımız Moderatörler Web Sitesi & Aracı Kurum Çözümleri Görsel Bileşenler(Widget) Grafik Çözümleri Yardım Alın Yeni Özellik Talebi Blog ve Haberler SSS Viki Twitter
Profil Profil Ayarları Hesap ve Ödemeler Yardım Alın Yayınlanmış Fikirler Takip Edenler Takip Ediliyor Özel Mesajlar Sohbet Çıkış