This Technique is created by Tuncer Şengöz @TuncerSengoz on twitter
An uptrend with higher highs might not make new highs everyday. So how could we define the end of an uptrend? How could we tell the difference between the end of an uptrend and a temporary correction? This isolated high/low technique aims to help us in this kind of situations.
We call the...
*** THIS IS JUST AN EXAMPLE OF STRATEGY RISK MANAGEMENT CODE IMPLEMENTATION ***
For my own future reference, and for anyone else who needs it.
Pine script strategy code can be confusing and awkward, so I finally sat down and had a little think about it and put something together that actually works (i think...)
Code is commented where I felt might be necessary...
One of the most powerful indicator based and divergence strategies i have ever seen was made by Constance Brown.
The Composite Index:
The best way to think of the Composite Index as it applies to the RSI is to think of the RSI as Windows 3.0 and the Composite Index as Windows 10. Constance Brown discovered that the RSI, while it does create and detect...
Custom Pivots Indicator - Plots Yearly, Quarterly, Monthly, Weekly, and Daily Levels.
I created this indicator because when you have multiple Pivots on one chart (For Example The Monthly, Weekly, And Daily Pivots), the only way to know exactly what pivot level your looking at is to color ALL S1 Pivots the same color, but create the plot types to look different. ...
Multiple Time Frame Version of Ichimoku Kinko Hyo Indicator.
Created in 1940's by Goichi Hosoda withe the help of University students in Japan.
Ichimoku is one of the best trend following indicators that works nearly perfect in all markets and time frames.
Ichimoku is originally an built in indicator in Tradingview but there are some problems like:
Highlight bars according it's volume releative to near candles. This script usefull for VSA trading.
Red bar - extrime high volume
Orange bar - volume is high
Grayish bar - volume is normal
Green bar - volume is low
Blue bar - almost no volume
What Is the Darvas Box?
The Darvas Box strategy was developed by Nicholas Darvas. Aside from being a well known dancer, he began trading stock in the 1950s. Based on his success in trading, he was approached to write a book on his strategy. The book, “How I Made $2,000,000 in the Stock Market,” outlines his rather simple approach … simple once you understand the...
The PineCoders Backtesting and Trading Engine is a sophisticated framework with hybrid code that can run as a study to generate alerts for automated or discretionary trading while simultaneously providing backtest results. It can also easily be converted to a TradingView strategy in order to run TV backtesting. The Engine comes with many built-in strats for...
This is an experimental Indicator based on Momentum. Picks the Top & Bottom Candle for most Swing. Please post your opinion or suggestion to improve this indicator.
I have not back tested this completely. This is recently developed Indicator.