B3 Bar Cycle MTF (fix)Apologies, there was an error in printing for the thick gray boxes, happened when MTF was switched on. All better, and here is the details from before:
This is an interesting study that can be used as a tool for determining trend direction, and also could be a trailing stop setter. I use it as a gauge on MTF settings. If on, you can look at the bar cycle of the 1h while on the 15m giving you a lot of information in one tool. If a line is missing high or low, it is because it was broken, if both exist you are trading in range and cloud appears. If both sides break you get thick gray boxes above and below bar.
Get used to editing the inputs to suit your liking. Often 3-5 length and always looking at different resolutions to get a big picture story. You could put multiple instances of the study up to see them simultaneously. I based the idea off of Krausz's 3 day cycle which you can read about in his teachings. I tend to find it looking better using Heikin Ashi bar-style.
Longshort
B3 Bar Cycle MTFThis is an interesting study that can be used as a tool for determining trend direction, and also could be a trailing stop setter. I use it as a gauge on MTF settings, in the pic MTF is turned off. If on, you can look at the bar cycle of the 1h while on the 15m giving you a lot of information in one tool. If a line is missing high or low, it is because it was broken, if both exist you are trading in range and cloud appears. If both sides break you get thick gray boxes above and below bar.
Get used to editing the inputs to suit your liking. Often 3-5 length and always looking at different resolutions to get a big picture story. You could put multiple instances of the study up to see them simultaneously. I based the idea off of Krausz's 3 day cycle which you can read about in his teachings. I tend to find it looking better using Heikin Ashi bar-style.
B3 EMA EntriesB3 EMA Entries = B3 EMA Ribbon "Trader"
This study takes the B3 EMA Ribbon and builds trade entries from it. The clouds represent the deviation from entry points; orange equals weakening or undetermined trend. Manage your own exits, and if you have a large deviation cloud in comparison to prior clouds.... take them profits!
Here also is a glimpse into my proprietary scripting that I will likely offer for a subscription at some point. Many simpler freebies like this share to come first of course! I will give away most simple indicators, but there are a few sub-chassis things I use, which I developed myself. One of which is indicator back testing, where I see all of the strategy's history information from the indicator on the chart. Sans trade-ticket automation, this voids the need for a strategy file or A.P.I. or backtesting devices (however, I plan to adapt things to TradingView's strategy system if I can, so that automation can take place). As well as this algorithmic trading system chassis, I also have a specialized statistical output chassis and another few graphical depiction sets.
For this share, you should manage your own exits, (you could simply use the orange clouds as an exit.) This is my most simple of the "indicator traders" I call them. The more intricate algorithmic trading indicators I make have the full trading package down to the risk to reward, entry, target, stop, and trail. The statistical systems are pretty unique, and I haven't seen many doing what I do on that front yet, so I am excited to get those out to more people. Look for these subscriptions in the near future, but as a token of introduction enjoy my next several free shares too.
Cheers, and good trades to you. ~B3
