The Dual Thrust trading algorithm is a famous strategy developed by Michael Chalek. Its logical prototype is one of the most common Day trading strategies. The opening range breakout strategy is based on today’s opening price plus or minus a certain percentage of yesterday’s amplitude to determine the upper and lower rails. When the price breaks through the upper...
This indicator plots Chandre Momentum Oscillator and its WMA on the
same chart. This indicator plots the absolute value of CMO.
The CMO is closely related to, yet unique from, other momentum oriented
indicators such as Relative Strength Index, Stochastic, Rate-of-Change,
etc. It is most closely related to Welles Wilder?s RSI, yet it differs...
This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
And draw two bands above and below TT line.
This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
There are few indicators for MT4 which draw trailing stop line. I prefer to use Chandelier Stops. I believe that with good money management this is one of the best tools to follow a trend.
About ATR trailing stop loss (Chandelier Stops)
When you catch trend you can profit from most of the move. The good thing about ATR is that you have a stop loss level in...
This is a little something I created to analyze the market. Ultimately, I wanted to create something that could encapsulate the entire market as best as possible. The idea was simple, use technical analysis to create cases that would indicate entry positions and exit positions for long positions initially. After completing that, I decided to add a few shorting...
The Absolute Price Oscillator displays the difference between two exponential
moving averages of a security's price and is expressed as an absolute value.
How this indicator works
APO crossing above zero is considered bullish, while crossing below zero is bearish.
A positive indicator value indicates an upward movement, while negative readings
...
Pseudo random numbers are need to simulate "random walks" and other stochastic/markoc processes.
The code is *not* a simulation. It produces a PRNG (using LCG algo) that can drive the rest of your script / simulation
Notes:
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// Generates a pseudo RNG uniformly distributed between...
The Market Facilitation Index is an indicator that relates price range to
volume and measures the efficency of price movement. Use the indicator to
determine if the market is trending. If the Market Facilitation Index increased,
then the market is facilitating trade and is more efficient, implying that the
market is trending. If the Market Facilitation...
I publish the code again in case someone is interested in learning. I am not an expert, I learned from others who published their scripts and for this reason I do the same.
If someone tries to sell you a script it is because they do not make money with it in trading and they need to sell it to earn something.
It is a simple combination algorithm of 3 EMA with...
TWAP is a tool used by algorithm based traders that allows them to distribute their orders throughout the day without disturbing price or having their positions known to rival traders in the market.
It's similar to VWAP and serves the same function, except it lacks the volume aspect. This can be an issue when position entry/exit may be affected by slippage. The...
The Keltner Channel, a classic indicator
of technical analysis developed by Chester Keltner in 1960.
The indicator is a bit like Bollinger Bands and Envelopes.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Simply input the vales of the high, low and closing price of the previous
period to calculate the Woodie pivot point and the associated resistance
and support levels for the present period.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
The Volatility function measures the market volatility by plotting a
smoothed average of the True Range. It returns an average of the TrueRange
over a specific number of bars, giving higher weight to the TrueRange of
the most recent bar.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
MBO indicator is the third component of TFS trading system. This indicator
was developed by Bryan Strain and Mark Whitley.
The idea of MBO is similar to moving average convergence/divergence (MACD)
indicator. It is calculated by subtracting the 200-day moving average from
the 25-day moving average.
You can change long to short in the Input Settings
...
This study plots the TEMA1 indicator. TEMA1 ia s triple MA (Moving Average),
and is calculated as 3*MA - (3*MA(MA)) + (MA(MA(MA)))
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
