V Bottom & V Top Pattern [Misu]█ This indicator shows V bottom & V top patterns as well as potential V bottom & V top.
These V bottom & V top are chart powerful reversal patterns.
They appear in all markets and time-frames, but due to the nature of the aggressive moves that take place when a market reverses direction, it can be difficult to identify this pattern in real-time.
To address this problem, I added potential V pattern as well as the confirmed one.
█ Usages:
You can use V top & V bottoms for reversal zones.
You can use it for scalping strategies, as a main buy & sell signal.
Potential V patterns can be used to anticipate the market, in addition to volatility or momentum indicators, for example.
█ How it works?
This indicator uses pivot points to determine potential V patterns and confirm them.
Paramaters are available to filter breakouts of varying strengths.
Patterns also have a "max number bars" to be validated.
█ Why a Strategy type indicator?
Due to the many different parameters, this indicator is a strategy type.
This way you can overview the best settings depending on your pair & timeframe.
Parameters are available to filter.
█ Parameters:
Deviation: Parameter used to calculate parameters.
Depth: Parameter used to calculate parameters.
Confirmation Type: Type of signal used to confirme the pattern.
> Mid Pivot: pattern will confirm on mid pivot breakout.
> Opposit Pivot: pattern will confirm on opposit pivot breakout.
> No confirmation: no confirmation.
Lenght Avg Body: Lenght used to calculate the average body size.
First Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout of potential V pattern.
Confirmation Breakout Factor: This factor multiplied by the "body avg" filters out the non-significant breakout for the confirmation.
Max Bars Confirmation: The maximum number of bars needed to validate the pattern.
Grafik Formasyonları
Donchian Channels Trending Breakout StrategyThis script looks for two entry signals. Long is when the previous breakout of the donchian channels was a low, price is above the input EMA, current price is equal or higher than the upper band and we're not in a position yet. Short is the other way around, so previous breakout of the donchian channels was a high, price is below the input EMA, current price is equal or lower than the lower band.
I haven't found a script that does take the previous highs and lows into consideration. Works for any markets in any conditions because the stop loss and profit targets are based on the upper and lower band of the donchian channels, which means the stop loss and profit targets move with the trend.
For more details see the script itself, I wrote a ton of comments.
Combo Strategy 123 Reversal & CCI 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
The Commodity Channel Index (CCI) is best used with markets that display cyclical or
seasonal characteristics, and is formulated to detect the beginning and ending of these
cycles by incorporating a moving average together with a divisor that reflects both possible
and actual trading ranges. The final index measures the deviation from normal, which indicates
major changes in market trend.
To put it simply, the Commodity Channel Index (CCI) value shows how the instrument is trading
relative to its mean (average) price. When the CCI value is high, it means that the prices are
high compared to the average price; when the CCI value is down, it means that the prices are low
compared to the average price. The CCI value usually does not fall outside the -300 to 300 range
and, in fact, is usually in the -100 to 100 range.
WARNING:
- For purpose educate only
- This script to change bars colors.
Highest High and Lowest Low channel Backtest Highest High and Lowest Low channel Strategy
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
