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ADX Screener// Identify potential trend reversals using ADX on up to 40 crypto assets. // ADX shows the strength of a trend, not the direction. // By monitoring the difference of ADX values between candles, you can potentially identify reversals before they happen. // A strong trend has a 14 period ADX slope increasing .5 or more from the prior candle. // At a minimum, a weak trend has a 14 period ADX slope of +.25 or less, and strictly it would be decreasing. // This indicator prints one row for each asset with three columns for ADX differences one candle back each. // The asset name is colored green or red dependent on whether +DI > -DI or not. The market was in a down trend (-DI > +DI). A bullish wave moved price up to EMA 8 resistance with strong ADX momentum (ADX diff of prior candle >= 0.5). A Spinning Top showed that the trend was losing momentum (ADX diff lower than previous candle, showed the bullish wave losing momentum). A Morning Star bearish reversal pattern draws resistance at the high of the pattern. (ADX Bullish momentum exhausted). Symbol: -DI > +DI 2: Strong momentum 1: Losing momentum (spinning top) 0: Trend reversal (bearish engulfing pattern)
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zerocashcool tarafından
6
Multiple Indicators ScreenerA screener for multiple indicators with nice table output. I was asked many times to update custom screener to display results in a table form. This way it looks much better. You can play with background colors depend on values you're looking for. In the screener, for example, I'm highlighting overbought/oversold RSI values, big ADX levels and trend of the Supertrend. In parameters you can change settings for all indicators and change/disable tickers if 40 is too many for you. There is only 1 function that calculates all these indicators. Potentially you can change and even add more indicators to this function. Writing code for these kind of screener is a bit time consuming, so I even created a code generator in Python for these kind of indicators :) . Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
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QuantNomad tarafından
104
Triple Colored Least Squares Moving Average + Crossover AlertsThis script is forked from the ‘ Double Colored Least Squares Moving Average + Crossover Alerts ‘ from @IronKnightmare. First release & notes : 2021-11-03. Overview: The Least Squares Moving Average is used mainly as a crossover signal to identify bullish or bearish trends. When a shorter duration line cross a longer one a trend can be identified. When multiple lines or the price action cross a longterm trend the confirmation can be further validated. Tradingview contains already some indicators with 1 or two LSMA trendlines that can be configured and toggled. The original script that I forked had two LSMA lines that could be plotted with other valuable functions, I added a third for further confirmation as some trading systems will use three lines or some combination of those for validation. Usage: In inputs - You will see LSMA 1, LSMA 2 & LSMA 3. The default values are 40, 100 & 400 representing the number of periods plotted by that line : fast, medium and slow changing trendlines will be plotted. The offset value and source are standard for most scripts. In Style - You can toggle LSMA 1, 2 or 3 and any combination of those. There are much more possibilities this way. - For each LSMA, Color 0 & Color 1 are for coloring the slope of the trendline, - Color 0 for rising slope, - Color 1 for descending slope. - The script will automatically color the rise or fall of the trendline accordingly. You can also set one identical color in both slopes for one unique color. - The ‘ Long Crossover 1 on 2 ’ is a signal for when the LSMA 1 cross over the LSMA 2, usually a shorter periods trendline, more volatile, climbing over the medium term one. A Signal will be traced on the chart at that crossing, you can configure this. The ‘Short Crossover 1 on 2’ is when the LSMA 1 cross under the LSMA 2, a signal will be traced on the chart accordingly. - The Long Crossover 1 on 3 & Short Crossover 1 on 3 act on the same principle, although the crossing of the fast LSMA on the long / slow LSMA are used. Both can be toggled. - The ‘ Background Coloring Line 1 : 0-Neutral, 1-Up, 2-Down ’ is an optional background coloring for the LSMA1 line. This can provide additional information at a quick glance, especially if you combine the two other lines backgrounds, the partial transparency will compound.
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SebMatte tarafından
8
McClellan Oscillator Jack Corsellis [LazyBear Modified]Developed by Sherman and Marian McClellan, the McClellan Oscillator is a breadth indicator derived from Net Advances, the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential moving average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator. As the formula reveals, the McClellan Oscillator is a momentum indicator that works similar to MACD . McClellan Oscillator signals can be generated with breadth thrusts, centerline crossovers, overall levels and divergences. The original code was written by LazyBear ( code here: ) We have modified this code: 1. Added the ability to display and configure the overbought and undersold lines which are key to properly using this indicator. These are set to default +40 and -75 respectively. 2. This version uses USI:ADV(advances- issues) and USI:DECL (declines - issues) as the default.
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JackCorsellis tarafından
2
WEEKLY BTC TRADING SCRYPTWeekly BTC Trading Scrypt(WBTS) This script is only suggested for cryptocurrencies and weekly buying strategy which is long term.Using it in another markets(e.g forex,stock,e.t.c) is not suggested. The thing makes it different than other strategies we try to understand bull and bear seasons and buying selected crypto currency as using formula if weekly closing value crossover eight weeks simple moving avarage buy,else if selected crypto currency's weekly closing value crossunder eight weeks simple avarage sell. Eight week moving avarage is also uses weekly closing prices but for being able to use this strategy ,trading pair must have more than eight candles in weekly chart otherwise the 8 weeks simple moving avarage value cannot be calculated and script does not work. This script has a chart called WBTS and it has following features: Strategy group consist of 3 inputs: 1)Source: Close by default. Our whole strategy uses close values. You can change it but not suggested. 2)Loss Ratio: Because of the cases like the circumstances that manipulates market or high volatility , sometimes graphic show wrong buying signals and this ratio saves user from big money looses(Note : This ratio will always work when selling condition occurs to make user take his profit or prevent him to loss more money because of a wrong positive comes from the indicator.) 3)Reward Ratio : When selling condition happens it will exit user with more profit(if price is already higher than buying point) otherwise it will dimunish loss a bit(if user is below of buying point) or prevents looses(if user is in buying point when selling condition happened. MA group consist of 2 inputs: COLOR:Specifies color of the moving avarage.It is equal to #FF3232by hex color code by default. LINE WIDTH: Specifies linewidth of the moving avarage. It is 2 by default. GRAPHIC group consist of 2 inputs: COLOR: It specifies the color of the line which consist of weekly closing prices. It is equal to #6666FF hex color code by default. LINE WIDTH: Specifies linewidth of the line which consist of weekly closing prices. It is 2 by default. STRATEGY EXECUTION YEAR: It will show the orders,profits and looses done by script after the input year giving in it.It is 2020 by default. The last feature is strategy equity,it is not in one of these groups. User should click on settings button on the WBTS indicator than chose Style section and there is a deactivated check box near in the plot section if user activate it, the equity line will show in indicator's graph. Logic of This Strategy:The story of this strategy began when I studied BTC's price movement from 2020 to today with 8 weeks simple moving avarage (it takes weekly closes as source) and weekly clossing values. I understood that there was a perfect interest between bull and bear market and following conditions: buy_condition=crossover(weekly_closing_values,8_week_simple_moving_avarage) sell_condition=crossover(weekly_closing_values,8_week_simple_moving_avarage) and I tried same thing on the same and bigger time frames("for example i studied how the strategy works from the beginning to today with bitcoin and what is our final equity") with bitcoin and other cryptocurrencies and this made me saw better the relation between giving conditions and general market psychology, however I also witnessed some wrong positives coming by script and used a risk reward ratio to save user and set risk reward ratio 1/3 after a research. For both conditions(buy_condition and sell_condition),when they are realised,script will alert users and an order will be triggered. Before finishing the description,from settings/properties/ user can set initial capital,base currency,order size and type,but it is 100000 for initial_amount and 1 contract for order size by default. In backtesting I used the options like the following example : Initial capital=1000 Base_curreny=USD Order size=40 USD Properties place must set different by every single user according to his or her capital and order size must not be higher than his total money because this script is not the best or a good script for derivatives. It is only written for long term-crypto spot trading and I strongly recommend to users that margin may cause bad results and please do not use it with any margin or any market different than crypto market. Thank you very much for reading)
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taberandwords tarafından
Trading ABCHello Traders, For a few months I have been getting requests from my followers about ABC pattern and finally I decided to make this indicator. How it works? - It creates Trend Cloud using Simple and Exponential moving averages with the lenghts 50, 100, 150, 200, 20, 40 by default and checks the trend. you can change the lengths as you wish - It also creates ZigZag using the ZigZag Period in the options. - Using last 2 zigzag waves it checks if there is suitable ABC pattern according the Trend, the Min/Max Fibonacci levels and Error Rate - Then it check if the price bounces after this ABC pattern - And if all these conditions met then it plot triangle - If there are multiple bouncing then you can see multiple triangles You can change/set; - Zigzag Period - Fibonacci Max level - Fibonacci Min Level - Error Rate - The Lengths that are used for Moving Averages - Keeping old ABC lines/labels - Show Zigzag and min/max Fibonacci levels - Show Trend Cloud - and colors if you don't want to see old ABC lines/labels you can disable it: if you don't want to see Trend Cloud you can disable it: Zigzag and Fibonacci levels: P.S. if you have new ideas to improve this indicator then let me know please. We together can do this life easier! Enjoy!
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LonesomeTheBlue tarafından
110
Angels Calls 2.0- By ClovesPersonal new version! Don't forget to set the in Right Scale. The Script is now public, it's on my profile, and in search. The best buy and sell signals are those of the RSI thanks! The Script with Buy and Sell Calls is on my profile or in search and just bookmark and use. In the search just type Angells Calls and bookmark and use. To use we filter the signals in longer graph times, and look for the best buy and sell entries in shorter graph times. To use the Script you must also study graphic patterns so as not to get lost in any early signal. Script uses Emas20/ 40 and Ema200 Crossover Strategy for uptrend and downtrend and also the Rsi and CCI strategy for the best entries and exits in trades. Holders, the ideal for hold is to use the script in larger graphic times like 2h, 4h, 1d. Hope this helps. Hugs. Good Earnings! _________________________________ Versão nova pessoal ! Não se esqueça de fixar na Escala a Direita. O Script agora é publico, tem no meu perfil, e nas pesquisas. ps. os melhores sinais de compra e venda são os do RSI valeu ! Abs.
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ClovesRodrigues tarafından
4
Directional Strength Panel█ OVERVIEW The panel display trend momentum of selected coins/symbol (up to 6) based on the Arnaud Legoux Moving Average (ALMA). I'm using ALMA to measure the trend because it resolves 2 main issue of the more common moving averages, smoothing and responsiveness. By removing the minor fluctuations in price without sacrificing the responsiveness, the trend become much more clearer and easier to be measured. In essence, as the meter approaches 100, it means the ALMA is pointing up (0 means pointing down) █ Features - Adjustable ALMA settings with options to turn on/off display the ALMA on current chart - Select 6 symbols of your choice to be monitored in the settings (You have to manually update the label to display) - Working on all timeframes - Switch the panel color to suit background chart theme (Light/Dark) █ Developer Notes I'm working with table a lot lately and decided to publish this as a sample if anyone wishes to edit the script to display whatever they want. main calculation in get_data() function should be clamped to value between 0-100. As for the panel size, you can edit the row_max (currently set to 20 and 40) if you need it to be smaller or bigger (**i feel anything smaller than 16 is ugly) █ Disclaimer Past performance is not an indicator of future results. My opinions and research are my own and do not constitute financial advice in any way whatsoever. Nothing published by me constitutes an investment recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities. I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions. Any ideas to further improve this indicator are welcome :)
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fareidzulkifli tarafından
18
Delayed RSI StrategyThis strategy uses a 21 period RSI with an overbought (RSI indicator is greater than) level of 60 (user defined) to determines long entries and an oversold (RSI indicator is less than) level of 40 (user defined) for shorts. It introduces a bar delay that starts counting when the RSI < Oversold or RSI > Overbought conditions are true, delaying the entry with the amount of bars determined by the user. The trading logic can be reversed, which seems to work better.
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tweakerID tarafından
Scalping Screener - 15minSCALPING SCREENER - 15 mins (Indicator Tool) TIME FRAME to use - 15 mins DURATION OF TRADE - Using this indicator, Trade must be taken only during market hours and must be closed before market close (must not be carried forrward for next day). SCALPING - This is a scalping strategy that is intended to make small profits in intraday trading ENTRY CONCEPT - - There must be 2 bulish candles and the 2nd candle's high should be greater than first candle's high. - And If the latest candle high breaks high of the 2nd candle (prev candle), BUY signal is generated. - Additional filters are added to reduce non-performaing trades. - visa versa for SHORT signal EXIT CONCEPT - - 2nd candles low is the stop loss. - Difference between 2nd candle high and 2nd candle low is target. - The script will indicate when to BUY / SHORT and when to EXIT the trade. INSTRUMENTS TO TRADE - - High volatility instruments are best to be traded - Nifty 50 stocks have been added to this indicator for the sake of screener. User can change these stocks with high volatility ones - There is a limitation to add upto 40 scripts. SCREENER FUNCTION - - Right side of the chart has screener section which shows the list of stocks that qualify as per the BUY / SELL signal NOTE - The purpose of the scipt is for self learning / improvement and analysis. Trading is a risky business and a trader must take any trade at their own RISK. The author shall not be held responsible for Losses / Profits
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Atma_Sakshatkar tarafından
8
Portfolio Backtester Engine█  OVERVIEW Portfolio Backtester Engine (PBTE). This tool will allow you to backtest strategies across multiple securities at once. Allowing you to easier understand if your strategy is robust. If you are familiar with the PineCoders backtesting engine , then you will find this indicator pleasant to work with as it is an adaptation based on that work. Much of the functionality has been kept the same, or enhanced, with some minor adjustments I made on the account of creating a more subjectively intuitive tool. █  HISTORY The original purpose of the backtesting engine (`BTE`) was to bridge the gap between strategies and studies . Previously, strategies did not contain the ability to send alerts, but were necessary for backtesting. Studies on the other hand were necessary for sending alerts, but could not provide backtesting results . Often, traders would have to manage two separate Pine scripts to take advantage of each feature, this was less than ideal. The `BTE` published by PineCoders offered a solution to this issue by generating backtesting results under the context of a study(). This allowed traders to backtest their strategy and simultaneously generate alerts for automated trading, thus eliminating the need for a separate strategy() script (though, even converting the engine to a strategy was made simple by the PineCoders!). Fast forward a couple years and PineScript evolved beyond these issues and alerts were introduced into strategies. The BTE was not quite as necessary anymore, but is still extremely useful as it contains extra features and data not found under the strategy() context. Below is an excerpt of features contained by the BTE: """ More than `40` built-in strategies, Customizable components, Coupling with your own external indicator, Simple conversion from Study to Strategy modes, Post-Exit analysis to search for alternate trade outcomes, Use of the Data Window to show detailed bar by bar trade information and global statistics, including some not provided by TV backtesting, Plotting of reminders and generation of alerts on in-trade events. """ Before I go any further, I want to be clear that the BTE is STILL a good tool and it is STILL very useful. The Portfolio Backtesting Engine I am introducing is only a tangental advancement and not to be confused as a replacement, this tool would not have been possible without the `BTE`. █  THE PROBLEM Most strategies built in Pine are limited by one thing. Data. Backtesting should be a rigorous process and researchers should examine the performance of their strategy across all market regimes; that includes, bullish and bearish markets, ranging markets, low volatility and high volatility. Depending on your TV subscription The Pine Engine is limited to 5k-20k historical bars available for backtesting, which can often leave the strategy results wanting. As a general rule of thumb, strategies should be tested across a quantity of historical bars which will allow for at least 100 trades. In many cases, the lack of historical bars available for backtesting and frequency of the strategy signals produces less than 100 trades, rendering your strategy results inconclusive. █  THE SOLUTION In order to be confident that we have a robust strategy we must test it across all market regimes and we must have over 100 trades. To do this effectively, researchers can use the Portfolio Backtesting Engine (PBTE). By testing a strategy across a carefully selected portfolio of securities, researchers can now gather 5k-20k historical bars per security! Currently, the PTBE allows up to 5 securities, which amounts to 25k-100k historical bars. █  HOW TO USE 1 — Add the indicator to your chart.  • Confirm inputs. These will be the most important initial values which you can change later by clicking the gear icon ⚙ and opening up the settings of the indicator. 2 — Select a portfolio.  • You will want to spend some time carefully selecting a portfolio of securities.    • Each security should be uncorrelated.    • The entire portfolio should contain a mix of different market regimes.     You should understand that strategies generally take advantage of one particular type of market regime. (trending, ranging, low/high volatility)    For example, the default RSI strategy is typically advantageous during ranging markets, whereas a typical moving average crossover strategy is advantageous in trending markets.    If you were to use the standard RSI strategy during a trending market, you might be selling when you should be buying.    Similarily, if you use an SMA crossover during a ranging market, you will find that the MA's may produce many false signals.    Even if you build a strategy that is designed to be used only in a trending market, it is still best to select a portfolio of all market regimes    as you will be able to test how your strategy will perform when the market does something unexpected. 3 — Test a built-in strategy or add your own.    • Navigate to gear icon ⚙ (settings) of strategy.    • Choose your options.       • Select a Main Entry Strat and Alternate Entry Strat .          • If you want to add your own strategy, you will need to modify the source code and follow the built-in example.          • You will only need to generate (buy 1 / sell -1/ neutral 0) signals.       • Select a Filter , by default these are all off.       • Select an Entry Stop - This will be your stop loss placed at the trade entry.       • Select Pyamiding - This will allow you to stack positions. By default this is off.       • Select Hard Exits - You can also think of these as Take Profits.    • Let the strategy run and take note of the display tables results.       • Portfolio - Shows each security.          • The strategy runs on each asset in your portfolio.          • The initial capital is equally distributed across each security.           So if you have 5 securities and a starting capital of 100,000$ then each security will run the strategy starting with 20,000$           The total row will aggregate the results on a bar by bar basis showing the total results of your initial capital.       • Net Profit (NP) - Shows profitability.       • Number of Trades (#T) - Shows # of trades taken during backtesting period.          • Typically will want to see this number greater than 100 on the "Total" row.       • Average Trade Length (ATL) - Shows average # of days in a trade.       • Maximum Drawdown (MD ) - Max peak-to-valley equity drawdown during backtesting period.          • This number defines the minimum amount of capital required to trade the system.          • Typically, this shouldn’t be lower than 34% and we will want to allow for at least 50% beyond this number.       • Maximum Loss (ML) - Shows largest loss experienced on a per-trade basis.          • Normally, don’t want to exceed more than 1-2 % of equity.       • Maximum Drawdown Duration (MDD) - The longest duration of a drawdown in equity prior to a new equity peak.          • This number is important to help us psychologically understand how long we can expect to wait for a new peak in account equity.       • Maximum Consecutive Losses (MCL) - The max consecutive losses endured throughout the backtesting period.          • Another important metric for trader psychology, this will help you understand how many losses you should be prepared to handle.       • Profit to Maximum Drawdown (P:MD) - A ratio for the average profit to the maximum drawdown.          • The higher the ratio is, the better. Large profits and small losses contribute to a good PMD.          • This metric allows us to examine the profit with respect to risk.       • Profit Loss Ratio (P:L) - Average profit over the average loss.          • Typically this number should be higher in trend following systems.          • Mean reversion systems show lower values, but compensate with a better win %.       • Percent Winners (% W) - The percentage of winning trades.          • Trend systems will usually have lower win percentages, since statistically the market is only trending roughly 30% of the time.          • Mean reversion systems typically should have a high % W.       • Time Percentage (Time %) - The amount of time that the system has an open position.          • The more time you are in the market, the more you are exposed to market risk, not to mention you could be using that money for something else right?       • Return on Investment (ROI) - Your Net Profit over your initial investment, represented as a percentage.          • You want this number to be positive and high.       • Open Profit (OP) - If the strategy has any open positions, the floating value will be represented here.       • Trading Days (TD) - An important metric showing how many days the strategy was active.          • This is good to know and will be valuable in understanding how long you will need to run this strategy in order to achieve results. █  FEATURES These are additional features that extend the original `BTE` features. - Portfolio backtesting. - Color coded performance results. - Circuit Breakers that will stop trading. - Position reversals on exit. (Simulating the function of always in the market. Similar to strategy.entry functionality) - Whipsaw Filter - Moving Average Filter - Minimum Change Filter - % Gain Equity Exit - Popular strategies, (MACD, MA cross, supertrend) Below are features that were excluded from the original `BTE` - 2 stage in-trade stops with kick-in rules (This was a subjective decision to remove. I found it to be complex and thwarted my use of the `BTE` for some time.) - Simple conversion from Study to Strategy modes. (Not possible with multiple securities) - Coupling with your own external indicator (Not really practical to use with multiple securities, but could be used if signals were generated based on some indicator which was not based on the current chart) - Use of the Data Window to show detailed bar by bar trade information and global statistics. - Post Exit Analysis. - Plotting of reminders and generation of alerts on in-trade events. - Alerts (These may be added in the future by request when I find the time.) █  THANKS The whole PineCoders team for all their shared knowledge and original publication of the BTE and Richard Weismann for his ideas on building robust strategies. ═════════════════════════════════════════════════════════════════════════
Pine Script® göstergesi
pAulseperformance tarafından
36
Natural Moving Average [CC]The Natural Moving Average was created by Jim Sloman (Ocean Theory pgs 63-70) and this is the one of the best moving averages you will find! This is one of the most adaptive moving averages that I have ever seen that accounts for all types of volatility. I have included a default value of 40 for the length so you can see just how close this moving average sticks to the underlying price movements. Feel free to try out your own lengths to see what you like best. I have included strong buy and sell signals in addition to normal ones so darker colors mean strong signals and lighter colors mean normal ones. Buy when the line turns green and sell when it turns red. Let me know if there are any other scripts you would like to see me publish!
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cheatcountry tarafından
8
RSI + Support/Resistance Zones + EMAThis indicator enhances the RSI with support and resistance zones and an EMA. RSI: a regular RSI (default: orange / 14 period) EMA: an EMA on the RSI (default: light gray / 10 period) RSI support/resistance zones SR-Zones for bull markets: In a bull market the price tends to find resistance between 80 and 90 and support between 40 and 50 RSI. SR-Zones for bear markets: In a bear market the price tends to find resistance between 55 and 65 and support between 20 and 30 RSI. The concept of these support and resistance zones has been popularized by Constance Brown in her book Technical Analysis for the Trading Professional . The SR zones are described in the first chapter which is available in the preview section on Amazon. RSI-EMA The EMA on the RSI can also be used as support and resistance. For example, you can be use it for a simple strategy such as the following: In an uptrend after a significant correction during which the RSI has been below the EMA for some time, wait for the RSI to cross above the EMA to go long and exit (partially) after the RSI crossed down the EMA. Hint: All visual elements (RSI, EMA, support zones) can be enabled/disabled and adjusted individually.
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HodlerReloaded tarafından
9
Detrended Rhythm Oscillator (DRO)How to detect the current "market beat" or market cycle? A common way to capture the current dominant cycle length is to detrend the price and look for common rhythms in the detrended series. A common approach is to use a Detrended Price Oscillator (DPO). This is done in order to identify and isolate short-term cycles. A basic DPO description can be found here: www.tradingview.com Improvements to the standard DPO The main purpose of the standard DPO is to analyze historical data in order to observe cycle's in a market's movement. DPO can give the technical analyst a better sense of a cycle's typical high/low range as well as its duration. However, you need to manually try to "see" tops and bottoms on the detrended price and measure manually the distance from low-low or high-high in order to derive a possible cycle length. Therefore, I added the following improvements: 1) Using a DPO to detrend the price 2) Indicate the turns of the detrended price with a ZigZag lines to better see the tops/bottoms 3) Detrend the ZigZag to remove price amplitude between turns to even better see the cyclic turns ("rhythm") 4) Measure the distance from last detrended zigzag pivot (high-high / low-low) and plot the distance in bars above/below the turn Now, you can clearly see the rhythm of the dataset indicated by the Detrended Rhythm Oscillator including the exact length between the turns. This makes the procedure to "spot" turns and "measure" distance more simple for the trader. How to use this information The purpose is to check if there is a common rhythm or beat in the underlying dataset. To check that, look for recurring pattern in the numbers. E.g. if you often see the same measured distance, you can conclude that there is a major dominant cycle in this market. Also watch for harmonic relations between the numbers. So in the example above you see the highlighted cluster of detected length of around 40,80 and 120. There three numbers all have a harmonic relation to 40. Once you have this cyclic information, you can use this number to optimize or tune technical indicators based on the current dominant cycle length. E.g. set the length parameter of a technical indicator to the detected harmonic length with the DRO indicator. Example Use-Case You can use this information to set the input for the following free public open-source script: Disclaimer This is not meant to be a technical indicator on its own and the derived cyclic length should not be used to forecast the next turn per se. The indicator should give you an indication of the current market beat or dominant beats which can be use to further optimize other oscillator or trading related settings. Options & settings The indicator allows to plot different versions. It allows to plot the original DPO, the DRO with ZigZag lines, the DRO with detrended ZigZag lines and length labels on/off. You can turn on or off these version in the indicator settings. So you can tweak it visually to your own needs.
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StockMarketCycles tarafından
79