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Price Lag Factor (PLF)📊 Price Lag Factor (PLF) for Crypto Traders: A Comprehensive Breakdown The Price Lag Factor (PLF) is a momentum indicator designed to identify overextended price movements and gauge market momentum. It is particularly optimized for the crypto market, which is known for its high volatility and rapid trend shifts. 🔎 What is the Price Lag Factor (PLF)? The PLF measures the difference between long-term and short-term price momentum and scales it dynamically based on recent volatility. This helps traders identify when the market might be overbought or oversold while filtering out noise. The formula used in the PLF calculation is: PLF = (Z-Long - Z-Short) / Stdev(PLF) Where: Z-long: Z-score of the long-term moving average (50-period by default). Z-short: Z-score of the short-term moving average (14-period by default). Stdev(PLF): Standard deviation of the PLF over a longer period (50-period by default). 🧠 How to Interpret the PLF: 1. Trend Direction: Positive PLF (Green Bars): Indicates bullish momentum. The long-term trend is up, and short-term movements are confirming it. Negative PLF (Red Bars): Indicates bearish momentum. The long-term trend is down, and short-term movements are consistent with it. 2. Momentum Strength: PLF near Zero (±0.5): Low momentum; trend direction is not strong. PLF between ±1 and ±2: Moderate momentum, indicating that the market is moving with strength but not in an overextended state. PLF beyond ±2: High momentum (overbought/oversold), indicating potential trend exhaustion and a possible reversal. 📈 Trading Strategies: 1. Trend Following: Bullish Signal: Enter long when PLF crosses above 0 and remains green. Confirm with other indicators like RSI or MACD to reduce false signals. Bearish Signal: Enter short when PLF crosses below 0 and remains red. Use trend confirmation (e.g., moving average crossover) for better accuracy. 2. Reversal Trading: Overbought Signal: If PLF rises above +2, look for signs of bearish divergence or a reversal pattern to consider a short entry. Oversold Signal: If PLF falls below -2, watch for bullish divergence or a support bounce to consider a long entry. 3. Momentum Divergence: Bullish Divergence: Price makes a lower low while PLF makes a higher low. Indicates weakening bearish momentum and a potential bullish reversal. Bearish Divergence: Price makes a higher high while PLF makes a lower high. Signals weakening bullish momentum and a potential bearish reversal. 💡 Best Practices: Combine with Volume: Volume spikes during high PLF readings can confirm trend continuation. Low volume during PLF extremes may hint at false breakouts. Watch for Extreme Levels: PLF beyond ±2 suggests overextended price action. Use caution when entering new positions. Confirm with Other Indicators: Use with Relative Strength Index (RSI) or Bollinger Bands to get a better sense of overbought/oversold conditions. Overlay with a moving average to gauge trend consistency. 🚀 Why the PLF Works for Crypto: Crypto markets are highly volatile and prone to rapid trend changes. The PLF's adaptive scaling ensures it remains relevant regardless of market conditions. It highlights momentum shifts more accurately than static indicators because it accounts for changing volatility in its calculation. 🚨 Disclaimer for Traders Using the Price Lag Factor (PLF) Indicator: The Price Lag Factor (PLF) indicator is designed as a technical analysis tool to gauge momentum and identify potential overbought or oversold conditions. However, it should not be relied upon as a sole decision-making factor for trading or investing. Important Points to Consider: Market Risk: Trading cryptocurrencies and other financial assets involves significant risk. The PLF may not accurately predict future price movements, especially during unexpected market events. Indicator Limitations: No technical indicator, including the PLF, is infallible. False signals can occur, particularly in low-volume or highly volatile conditions. Supplementary Analysis: Always combine PLF insights with other technical indicators, fundamental analysis, and risk management strategies to make informed decisions. Personal Judgment: Traders should use their own discretion when interpreting PLF signals and never trade based solely on this indicator. No Guarantees: The PLF is designed for educational and informational purposes only. Past performance is not indicative of future results. Always perform thorough research and consider consulting with a professional financial advisor before making any trading decisions.
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RWCS_LTD tarafından
TrendCraft ICT SwiftEdge// The TrendCraft ICT SwiftEdge is a trend-following indicator that combines Simple Moving Averages (SMAs) with Inner Circle Trader (ICT) concepts, specifically Break of Structure (BOS) and Market Structure Shift (MSS), to generate precise buy and sell signals. This unique mashup leverages the strengths of trend confirmation through SMAs and market structure analysis via ICT to help traders identify high-probability trend entries. The indicator is designed to be intuitive, customizable, and suitable for traders of all levels seeking to align with market trends on various timeframes. // // ### What It Does // The indicator plots two SMAs based on the high and low prices of candles to define the trend direction. It colors the SMAs and fills the area between them to visually indicate whether the price is in a bullish (above both SMAs), bearish (below both SMAs), or neutral (between SMAs) state. Simultaneously, it identifies BOS and MSS levels on a user-defined higher timeframe to confirm trend continuation or reversal points. Buy and sell signals are generated when the price closes above/below the latest BOS or MSS level (based on user preference) while also being correctly positioned relative to the SMAs, ensuring alignment with the trend. // // ### Why Combine SMAs and ICT? // SMAs provide a reliable way to gauge trend direction by smoothing price data, but they can lag or generate false signals in choppy markets. ICT's BOS and MSS concepts address this by focusing on key market structure breaks, offering context for significant price movements. By requiring price to close beyond a BOS or MSS level and align with the SMA-defined trend, the TrendCraft ICT SwiftEdge filters out noise and enhances signal reliability. This combination creates a robust system that balances trend-following simplicity with structural market insights, making it ideal for trend traders. // // ### How to Use // 1. **SMA Length**: Adjust the `SMA Length` (default: 20) to control the sensitivity of the SMAs. Shorter lengths react faster to price changes, while longer lengths provide smoother trends. // 2. **Structure Timeframe**: Set the `Structure Timeframe` to a higher timeframe (e.g., "1H" on a 15M chart) to calculate BOS and MSS levels. This ensures structural signals are based on significant market moves. // 3. **Chart Timeframe**: Select the `Chart Timeframe` to optimize pivot point calculations for your current chart (e.g., "30M" for a 30-minute chart). // 4. **Signal Type**: Choose between "BOS" (default) for signals based on trend continuation breaks or "MSS" for signals based on potential reversal points (breakers). // 5. **Display Options**: Enable/disable `Show Continuation (BOS)` and `Show Breaker (MSS)` to toggle the visibility of BOS and MSS lines. Customize their colors for better chart clarity. // // ### Signals // - **Buy Signal**: Appears when the close price crosses above the latest BOS or MSS level (based on Signal Type) and is above both SMAs, indicating a bullish trend entry. Marked with a green "Buy" label. // - **Sell Signal**: Appears when the close price crosses below the latest BOS or MSS level (based on Signal Type) and is below both SMAs, indicating a bearish trend entry. Marked with a red "Sell" label. // // ### Originality // The TrendCraft ICT SwiftEdge stands out by integrating the trend-following reliability of SMAs with the structural precision of ICT's BOS and MSS. Unlike standalone SMA or ICT indicators, this script requires both trend alignment and structural confirmation, reducing false signals. The user-selectable Signal Type (BOS or MSS) adds versatility, allowing traders to adapt the indicator to trend-following or counter-trend strategies. Its dynamic timeframe adjustments and visual clarity make it a unique tool for traders seeking to capture trend entries with confidence. // // ### Notes // - Ensure the `Structure Timeframe` is higher than your chart timeframe to avoid calculation issues. // - Signals are generated only when the trend state changes to avoid redundant signals in the same trend direction. // - Past performance is not indicative of future results. Always combine this indicator with other analysis and risk management techniques.
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SwiftEdge tarafından
2
Reversal + Confirm ZonesThis script is written in Pine Script (version 5) for TradingView and creates an indicator called **"Reversal + Confirm Zones"**. It overlays visual zones on a price chart to identify potential reversal points and confirmation signals for trading. The indicator combines **Bollinger Bands** and **RSI** to detect overbought/oversold conditions (reversal zones) and uses **EMA crosses** and **MACD zero-line crosses** to confirm bullish or bearish trends. Below is a detailed explanation: --- ### **1. Purpose** - The script highlights: - **Reversal Zones**: Areas where the price might reverse due to being overbought (green) or oversold (red). - **Confirmation Zones**: Areas where a trend reversal is confirmed using EMA and MACD signals (green for bullish, red for bearish). - It provides visual backgrounds and alerts to assist traders in spotting potential trade setups. --- ### **2. Components** The script is divided into two main parts: **Reversal Logic** and **Confirmation Logic**. --- ### **3. Reversal Logic (Red & Green Zones)** #### **Bollinger Bands** - **Parameters**: - Length: 20 periods. - Source: Closing price (`close`). - Multiplier: 2.0 (standard deviations). - **Calculation**: - `basis`: 20-period Simple Moving Average (SMA). - `dev`: 2 times the standard deviation of the price over 20 periods. - `upper`: `basis + dev` (upper band). - `lower`: `basis - dev` (lower band). - **Purpose**: Identifies when the price moves outside the normal range (beyond 2 standard deviations). #### **Relative Strength Index (RSI)** - **Parameters**: - Length: 14 periods. - Low Threshold: 30 (oversold). - High Threshold: 70 (overbought). - **Calculation**: `rsiValue = ta.rsi(close, rsiLength)`. - **Purpose**: Measures momentum to confirm overbought or oversold conditions. #### **Zone Conditions** - **Red Zone (Oversold)**: - Condition: `close < lower` (price below lower Bollinger Band) AND `rsiValue < rsiLowThreshold` (RSI < 30). - Visual: Light red background (`color.new(color.red, 80)`). - Alert: "Deep Oversold Signal triggered!". - **Green Zone (Overbought)**: - Condition: `close > upper` (price above upper Bollinger Band) AND `rsiValue > rsiHighThreshold` (RSI > 70). - Visual: Light green background (`color.new(color.green, 80)`). - Alert: "Deep Overbought Signal triggered!". #### **Interpretation** - Red Zone: Suggests the price is oversold and may reverse upward. - Green Zone: Suggests the price is overbought and may reverse downward. --- ### **4. Confirmation Logic (EMA and MACD Crosses)** #### **Exponential Moving Averages (EMAs)** - **Parameters**: - Short EMA Length: 9 periods (user adjustable). - Long EMA Length: 21 periods (user adjustable). - **Calculation**: - `emaShort = ta.ema(close, emaShortLength)`. - `emaLong = ta.ema(close, emaLongLength)`. - **Conditions**: - **Bullish EMA Cross**: `emaCrossBullish = ta.crossover(emaShort, emaLong)` (9 EMA crosses above 21 EMA). - **Bearish EMA Cross**: `emaCrossBearish = ta.crossunder(emaShort, emaLong)` (9 EMA crosses below 21 EMA). #### **MACD** - **Parameters**: - Fast Length: 12 periods (user adjustable). - Slow Length: 26 periods (user adjustable). - Signal Smoothing: 9 periods (user adjustable). - **Calculation**: - ` = ta.macd(close, macdFastLength, macdSlowLength, macdSignalSmoothing)`. - Only the MACD line and signal line are used; the histogram is ignored (`_`). - **Conditions**: - **Bullish MACD Cross**: `macdCrossBullish = ta.crossover(macdLine, 0)` (MACD crosses above zero). - **Bearish MACD Cross**: `macdCrossBearish = ta.crossunder(macdLine, 0)` (MACD crosses below zero). #### **Combined Confirmation Conditions** - **Bullish Confirmation**: - Condition: `bullishConfirmation = emaCrossBullish and macdCrossBullish`. - Visual: Very light green background (`color.new(color.green, 90)`). - Meaning: A bullish trend is confirmed when the 9 EMA crosses above the 21 EMA AND the MACD crosses above zero. - **Bearish Confirmation**: - Condition: `bearishConfirmation = emaCrossBearish and macdCrossBearish`. - Visual: Very light red background (`color.new(color.red, 90)`). - Meaning: A bearish trend is confirmed when the 9 EMA crosses below the 21 EMA AND the MACD crosses below zero. --- ### **5. Visual Outputs** - **Reversal Zones**: - Red background for oversold conditions. - Green background for overbought conditions. - **Confirmation Zones**: - Light green background for bullish confirmation. - Light red background for bearish confirmation. - Note: The script does not plot the Bollinger Bands, EMAs, or MACD lines—only the background zones are visualized. --- ### **6. Alerts** - **Deep Oversold Alert**: Triggers when the red zone condition is met. - **Deep Overbought Alert**: Triggers when the green zone condition is met. - No alerts are set for the confirmation zones (EMA/MACD crosses). --- ### **7. How It Works** 1. **Reversal Detection**: - The script uses Bollinger Bands and RSI to flag extreme price levels (red for oversold, green for overbought). - These zones suggest potential reversals but are not confirmed yet. 2. **Trend Confirmation**: - EMA crosses (9/21) and MACD zero-line crosses provide confirmation of a trend direction. - Bullish confirmation (green) occurs when both indicators align upward. - Bearish confirmation (red) occurs when both indicators align downward. 3. **Trading Strategy**: - Look for a red zone (oversold) followed by a bullish confirmation for a potential long entry. - Look for a green zone (overbought) followed by a bearish confirmation for a potential short entry. --- ### **8. How to Use** 1. Add the script to TradingView. 2. Adjust inputs (EMA lengths, MACD settings) if desired. 3. Monitor the chart: - Red zones indicate oversold conditions—watch for a potential upward reversal. - Green zones indicate overbought conditions—watch for a potential downward reversal. - Light green/red backgrounds confirm the trend direction after a reversal zone. 4. Set up alerts for oversold/overbought conditions to catch reversal signals early. --- ### **9. Key Features** - **Dual Purpose**: Combines reversal detection (Bollinger Bands + RSI) with trend confirmation (EMA + MACD). - **Visual Simplicity**: Uses background colors instead of plotting lines, keeping the chart clean. - **Customizable**: Allows users to tweak EMA and MACD periods. - **Alerts**: Notifies users of extreme conditions for timely action. --- ### **10. Limitations** - No plotted indicators (e.g., Bollinger Bands, EMAs, MACD) for visual reference—relies entirely on background shading. - Confirmation signals (EMA/MACD) may lag behind reversal zones, potentially missing fast reversals. - No alerts for confirmation zones, limiting real-time notification of trend confirmation. This script is ideal for traders who want a straightforward way to spot potential reversals and confirm them with trend-following indicators, all overlaid on the price chart.
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skrillionaire1 tarafından
Equity Curve with Trend Indicator (Long & Short) - SimulationOverview: Market Regime Detector via Virtual Equity Curve is a unique indicator that simulates the performance of a trend-following trading system—incorporating both long and short trades—to help you identify prevailing market regimes. By generating a “virtual equity” curve based on simple trend signals and applying trend analysis directly on that curve, this indicator visually differentiates trending regimes from mean-reverting (or sideways) periods. The result is an intuitive display where green areas indicate a trending (bullish) regime (i.e., where trend-following strategies are likely to perform well) and red areas indicate a mean-reverting (bearish) regime. Features: Simulated Trade Performance: Uses a built-in trend-following logic (a simple 10/50 SMA crossover example) to simulate both long and short trades. This simulation creates a virtual equity curve that reflects the cumulative performance of the system over time. Equity Trend Analysis: Applies an Exponential Moving Average (EMA) to the simulated equity curve to filter short-term noise. The EMA acts as a trend filter, enabling the indicator to determine if the equity curve is in an upward (trending) or downward (mean-reverting) phase. Dynamic Visual Regime Detection: Fills the area between the equity curve and its EMA with green when the equity is above the EMA (indicating a healthy trending regime) and red when below (indicating a mean-reverting or underperforming regime). Customizable Parameters: Easily adjust the initial capital, the length of the equity EMA, and other settings to tailor the simulation and visual output to your trading style and market preferences. How It Works: Trade Simulation: The indicator generates trading signals using a simple SMA crossover: When the 10-period SMA is above the 50-period SMA, it simulates a long entry. When the 10-period SMA is below the 50-period SMA, it simulates a short entry. The virtual equity is updated bar-by-bar based on these simulated positions. Equity Trend Filtering: An EMA is calculated on the simulated equity curve to smooth out fluctuations. The relative position of the equity curve versus its EMA is then used as a proxy for the market regime: Bullish Regime: Equity is above its EMA → fill area in green. Bearish Regime: Equity is below its EMA → fill area in red. Visualization: The indicator plots: A gray line representing the simulated equity curve. An orange line for the EMA of the equity curve. A dynamic fill between the two lines, colored green or red based on the prevailing regime. Inputs & Customization: Initial Capital: Set your starting virtual account balance (default: 10,000 USD). Equity EMA Length: Specify the lookback period for the EMA applied to the equity curve (default: 30). Trend Signal Logic: The current implementation uses a simple SMA crossover for demonstration purposes. Users can modify or replace this logic with their own trend-following indicator to tailor the simulation further.
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skaftanis tarafından
True Strength Index with Zones & AlertsKey Features: True Strength Index (TSI) Calculation Uses double-smoothed exponential moving averages (EMA) to calculate TSI. A signal line (EMA of TSI) helps confirm trends. Dynamic Color Coding for TSI Line Green: TSI is above the signal line (Bullish). Red: TSI is below the signal line (Bearish). Crossover & Crossunder Signals Bullish Crossover (TSI crosses above Signal Line) → Green Circle. Bearish Crossunder (TSI crosses below Signal Line) → Red Circle. Alerts for Trading Signals Buy Alert: TSI crosses above the signal line. Sell Alert: TSI crosses below the signal line. Overbought & Oversold Zones Overbought: Between 40 and 50 (Red Zone). Oversold: Between -40 and -50 (Green Zone). Highlighted Background when TSI enters these zones. Neutral Line at 0 Helps determine trend direction and momentum shifts. How to Use These Values: • TSI Crosses Above Signal Line → Bullish entry. • TSI Crosses Below Signal Line → Bearish entry. • Overbought (+40 to +50) & Oversold (-40 to -50) zones → Watch for trend reversals. • Divergence Signals → If price makes a new high/low but TSI doesn’t, momentum is weakening.
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RMPM tarafından
DIN: Dynamic Trend NavigatorDIN: Dynamic Trend Navigator Overview The Dynamic Trend Navigator script is designed to help traders identify and capitalize on market trends using a combination of Weighted Moving Averages (WMA), Volume Weighted Average Price (VWAP), and Anchored VWAP (AVWAP). The script provides customizable settings and flexible alerts for various crossover conditions, enhancing its utility for different trading strategies. Key Features - **1st and 2nd WMA**: Allows users to set and visualize two Weighted Moving Averages. These can be customized to any period, providing flexibility in trend identification. - **VWAP and AVWAP**: Incorporates both VWAP and AVWAP, offering insights into price levels adjusted by volume. - **ATR and ADX Indicators**: Includes the Average True Range (ATR) and Average Directional Index (ADX) to help assess market volatility and trend strength. - **Flexible Alerts**: Configurable buy and sell alerts for any crossover condition, making it versatile for various trading strategies. How to Use the Script 1. **Set the WMA Periods**: Customize the periods for the 1st and 2nd WMAs to suit your trading strategy. 2. **Enable VWAP and AVWAP**: Choose whether to include VWAP and AVWAP in your analysis by enabling the respective settings. 3. **Configure Alerts**: Set up alerts for the desired crossover conditions (WMA, VWAP, AVWAP) to receive notifications for potential trading opportunities. 4. **Monitor Signals**: Watch for buy and sell signals indicated by triangle shapes on the chart, which appear at the selected crossover points. When to Use - **Best Time to Use**: The script is most effective in trending markets where price movements are well-defined. It helps traders stay on the right side of the trend and avoid false signals during periods of low volatility. - **When Not to Use**: Avoid using the script in choppy or sideways markets where price action lacks direction. The script may generate false signals in such conditions, leading to potential losses. Benefits of VWAP and AVWAP - **VWAP**: The Volume Weighted Average Price provides a price benchmark that adjusts for volume, helping traders identify fair value levels. It is particularly useful for intraday trading and gauging market sentiment. - **AVWAP**: The Anchored VWAP allows traders to set a starting point for VWAP calculations, providing flexibility in analyzing price levels over specific periods or events. This helps in identifying key support and resistance levels based on volume. Unique Aspects - **Customizability**: The script offers extensive customization options for WMA periods, VWAP, AVWAP, and alert conditions, making it adaptable to various trading strategies. - **Combining Indicators**: By integrating WMAs, VWAP, AVWAP, ATR, and ADX, the script provides a comprehensive view of market conditions, enhancing decision-making. - **Real-Time Alerts**: The flexible alert system ensures traders receive timely notifications for potential trade setups, improving responsiveness to market changes. Examples - **Example 1**: A trader sets the 1st WMA to 8 and the 2nd WMA to 100, enabling the VWAP. When the 1st WMA crosses above the 2nd WMA or VWAP, a buy signal is triggered, indicating a potential long entry. - **Example 2**: A trader sets the AVWAP to start 30 bars ago and monitors for crossovers with the 1st WMA. When the 1st WMA crosses below the AVWAP, a sell signal is triggered, suggesting a potential short entry. Final Notes The Dynamic Trend Navigator script is a powerful tool for traders looking to enhance their market analysis and trading decisions. Its unique combination of customizable indicators and flexible alert system sets it apart from other scripts, making it a valuable addition to any trader's toolkit. Disclaimer: Never any financial advice. Just ThisGirl loving experimenting with indicators to help myself, as well as others.
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thisgirl tarafından
LiquidFusion SignalPro [CHE] LiquidFusion SignalPro – Indicator Overview The LiquidFusion SignalPro is a powerful and sophisticated TradingView indicator designed to identify high-quality trade entries and exits. By combining seven unique sub-indicators, it provides comprehensive market analysis, ensuring traders can make informed decisions. This tool is suitable for all market conditions and supports customization to fit individual trading strategies. Key Components (Sub-Indicators): 1. RPM (Relative Price Momentum): - Measures cumulative price momentum over a specified period. - Provides insights into price strength and directional bias. - Input Customization: - Source: Data for momentum calculation. - Period: Length for momentum measurement. - Resolution: Timeframe for data fetching. 2. BBO (Bull-Bear Oscillator): - Calculates the strength of bullish or bearish momentum based on price movement and RSI conditions. - Uses a super-smoothing technique for reliable signals. - Customizable parameters include the oscillator's period and repainting options. 3. MACD (Moving Average Convergence Divergence): - A classic momentum indicator for trend direction and strength. - Provides buy/sell signals based on the crossover of the MACD line and signal line. - Input Customization: - Fast/Slow EMA Periods. - Signal Line Period. - Resolution and Source Data. 4. RSI (Relative Strength Index): - Tracks overbought and oversold conditions. - A key tool to validate trend continuation or reversals. - Customizable period, resolution, and source. 5. CCI (Commodity Channel Index): - Measures the deviation of price from its average. - Useful for identifying cyclical trends. - Input Customization includes period, resolution, and source. 6. Stochastic Oscillator: - Indicates momentum by comparing closing prices to a range of highs and lows. - Includes smoothing factors for %K and %D lines. - Customizable parameters: - %K Length and Smoothing. - Resolution and Repainting Options. 7. Supertrend: - A trailing stop-and-reverse system for trend-following strategies. - Excellent for identifying strong trends and potential reversals. - Inputs include the multiplier factor and period for ATR-like calculations. Inputs Overview: The indicator supports extensive customization for each sub-indicator, grouped under intuitive categories: - Color Settings: Define bullish and bearish plot colors. - RPM, BBO, MACD, RSI, CCI, Stochastic, and Supertrend Settings: Tailor each sub-indicator's behavior with adjustable parameters. - UI Options: Toggle features such as bar coloring, indicator names, and plotted candles. Trade Signals: - Long Signal: - All indicators align in a bullish state: - RPM > 0, MACD > 0, RSI > 50, Stochastic > 50, CCI > 0, BBO > 0, Supertrend below price. - Plot: Green triangle below the candle. - Alert: Notifies the trader of a potential long entry. - Short Signal: - All indicators align in a bearish state: - RPM < 0, MACD < 0, RSI < 50, Stochastic < 50, CCI < 0, BBO < 0, Supertrend above price. - Plot: Red triangle above the candle. - Alert: Notifies the trader of a potential short entry. Features: - Enhanced Visuals: Plots sub-indicator statuses using labels and color-coded shapes for clarity. - Alerts: Integrated alert conditions for both long and short trades. - Bar Coloring: Provides overall trend bias with green (bullish), red (bearish), or gray (neutral) bars. - Customizable Table: Displays the indicator's status in the chart’s top-right corner. Trading Benefits: The LiquidFusion SignalPro excels in generating high-quality entries and exits by: - Reducing noise through multiple indicator alignment. - Supporting multiple timeframes and resolutions for flexibility. - Offering customizable inputs for personalized trading strategies. Use this tool to enhance your market analysis and improve your trading performance. Disclaimer: The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. This indicator is inspired by the Super 6x Indicators: RSI, MACD, Stochastic, Loxxer, CCI, and Velocity . A special thanks to Loxx for their relentless effort, creativity, and contributions to the TradingView community, which served as a foundation for this work. Happy trading and best regards Chervolino
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chervolino tarafından
19
Parabolic SAR Crosses_AITIndicator Name: Parabolic SAR Crosses_AIT Purpose: This indicator utilizes the Parabolic SAR to track price trends and generate buy (long) and sell (short) signals when the price crosses the Parabolic SAR line. The indicator is designed to help traders identify trend direction and potential trend reversals on the price chart. Indicator Overview: Indicator Parameters: Parabolic SAR: The default settings for the Parabolic SAR are: Step: 0.02 Maximum: 0.2 These values can be adjusted by the user to control the sensitivity of the SAR. Signal Conditions: Buy Signal (Long): A buy signal is generated when the price crosses above the Parabolic SAR line. Sell Signal (Short): A sell signal is generated when the price crosses below the Parabolic SAR line. How It Works: Buy Signal: When the price crosses above the Parabolic SAR line, it indicates a potential upward trend. A yellow triangle (L) will appear below the price bar, signaling a possible long entry. Sell Signal: When the price crosses below the Parabolic SAR line, it indicates a potential downward trend. A fuchsia triangle (S) will appear above the price bar, signaling a possible short entry. Trend Detection: Green Line: Indicates that the Parabolic SAR is below the price, suggesting an uptrend. Red Line: Indicates that the Parabolic SAR is above the price, suggesting a downtrend. Trend Reversal: A trend reversal occurs when the Parabolic SAR switches positions relative to the price. This can be used to exit positions or enter positions in the opposite direction. Customization: Step Size: The step parameter controls how sensitive the Parabolic SAR is to price changes. A smaller step value (e.g., 0.01) makes the SAR less sensitive, while a larger step value (e.g., 0.05) makes it more sensitive. Maximum: The maximum value defines the upper limit for the acceleration factor in the SAR calculation. A higher value allows the SAR to track the price more closely, while a lower value smooths the trend. Visual Representation: The Parabolic SAR line is plotted directly on the price chart as a solid line, using the appropriate colors (green or red) depending on the trend direction. Long signals are indicated by small yellow triangles (L) below the price. Short signals are indicated by small fuchsia triangles (S) above the price. Usage Tips: Combining with Other Indicators: While Parabolic SAR is a great tool for identifying trend direction, it may produce false signals in ranging or sideways markets. Combining this indicator with other trend confirmation tools, such as moving averages or the MACD, can improve its reliability. Adjusting the Step and Maximum Values: In highly volatile markets, it might be useful to reduce the step value to avoid false signals. In more stable, trending markets, increasing the step value can make the SAR more responsive. Position Management: Parabolic SAR can be used not only to enter trades but also to manage existing positions by acting as a trailing stop-loss. You can use the SAR value as a dynamic stop-loss level, adjusting it as the trend progresses. Conclusion: The Parabolic SAR Crosses_AIT indicator helps traders visually identify trend directions and possible trend reversals by plotting the Parabolic SAR directly on the price chart. With customizable settings for sensitivity and signals that indicate long or short positions, this indicator provides a clear and effective method to manage trades based on trend-following strategies.
Pine Script® göstergesi
AITrading_ac tarafından
Enhanced BOS Strategy with SL/TP and EMA TableDescription: The Enhanced BOS (Break of Structure) Strategy is an advanced open-source trading indicator designed to identify key market structure changes, integrated with dynamic Stop Loss (SL) and Take Profit (TP) levels, along with an informative EMA (Exponential Moving Average) table for added trend analysis. Key Features: Break of Structure (BOS) Detection: The script detects bullish and bearish BOS by identifying pivot points using a custom pivot period. When the price crosses above or below these points, it signals a potential market trend reversal or continuation. Dynamic SL/TP Levels: Users can toggle static SL/TP settings, which automatically calculate levels based on user-defined points. These levels are visualized on the chart with dotted lines and labeled for clarity. Volume Filters: The strategy includes a volume condition filter to ensure that only trades within a specified volume range are considered. This helps in avoiding low-volume trades that might lead to false signals. EMA Table Display: An on-chart table displaying the current values of the 13-period, 50-period, and 200-period EMAs. This provides a quick reference for trend identification and confirmation, helping traders to stay aligned with the broader market trend. How It Works: The script utilizes a combination of moving averages and pivot points to identify potential breakouts or breakdowns in market structure. When a bullish BOS is detected, and the volume conditions are met, the strategy suggests a long position, marking potential SL/TP levels. Similarly, it suggests short positions for bearish BOS. The EMA table serves as a visual aid, providing real-time updates of the EMA values, allowing traders to gauge the market’s directional bias quickly. How to Use: Setting Parameters: Adjust the pivot period to fine-tune BOS detection according to your trading style and the asset’s volatility. Configure the SL/TP settings based on your risk tolerance and target profit levels. Interpreting Signals: A “Buy” label on the chart indicates a bullish BOS with volume confirmation, signaling a potential long entry. A “Sell” label indicates a bearish BOS with volume confirmation, signaling a potential short entry. The EMA table aids in confirming these signals, where the position of the fast, mid, and slow EMAs can provide additional context to the trend’s strength and direction. Volume Filtering: Ensure your trades are filtered through the script’s volume condition, which allows for the exclusion of low-volume periods that might generate unreliable signals. Unique Value: Unlike many other BOS strategies, this script integrates volume conditions and a visual EMA table, providing a comprehensive toolkit for traders looking to capture market structure shifts while maintaining an eye on trend direction and trade execution precision. Additional Information: This script is designed for use on standard bar or candlestick charts for best results. It is open-source and free to use, encouraging collaboration and improvement by the TradingView community. By combining powerful trend-following EMAs with the precision of BOS detection and the safety of volume filtering, the Enhanced BOS Strategy offers a balanced approach to trading market structure changes.
Pine Script® göstergesi
The_Holy_Grail tarafından
RMI Trend Sync - Strategy [presentTrading]█ Introduction and How It Is Different The "RMI Trend Sync - Strategy " combines the strength of the Relative Momentum Index (RMI) with the dynamic nature of the Supertrend indicator. This strategy diverges from traditional methodologies by incorporating a dual analytical framework, leveraging both momentum and trend indicators to offer a more holistic market perspective. The integration of the RMI provides an enhanced understanding of market momentum, while the Super Trend indicator offers clear insights into the end of market trends, making this strategy particularly effective in diverse market conditions. BTC 4h long/short performance █ Strategy: How It Works - Detailed Explanation - Understanding the Relative Momentum Index (RMI) The Relative Momentum Index (RMI) is an adaptation of the traditional Relative Strength Index (RSI), designed to measure the momentum of price movements over a specified period. While RSI focuses on the speed and change of price movements, RMI incorporates the direction and magnitude of those movements, offering a more nuanced view of market momentum. - Principle of RMI Calculation Method: RMI is calculated by first determining the average gain and average loss over a given period (Length). It differs from RSI in that it uses the price change (close-to-close) rather than absolute gains or losses. The average gain is divided by the average loss, and this ratio is then normalized to fit within a 0-100 scale. - Momentum Analysis in the Strategy Thresholds for Decision Making: The strategy uses predetermined thresholds (pmom for positive momentum and nmom for negative momentum) to trigger trading decisions. When RMI crosses above the positive threshold and other conditions align (e.g., a bullish trend), it signals a potential long entry. Similarly, crossing below the negative threshold in a bearish trend may trigger a short entry. - Super Trend and Trend Analysis The Super Trend indicator is calculated based on a higher time frame, providing a broader view of the market trend. This indicator uses the Average True Range (ATR) to adapt to market volatility, making it an effective tool for identifying trend reversals. The strategy employs a Volume Weighted Moving Average (VWMA) alongside the Super Trend, enhancing its capability to identify significant trend shifts. ETH 4hr long/short performance █ Trade Direction The strategy offers flexibility in selecting the trading direction: long, short, or both. This versatility allows traders to adapt to their market outlook and risk tolerance, whether looking to capitalize on bullish trends, bearish trends, or a combination of both. █ Usage To effectively use the "RMI Trend Sync" strategy, traders should first set their preferred trading direction and adjust the RMI and Super Trend parameters according to their risk appetite and trading goals. The strategy is designed to adapt to various market conditions, making it suitable for different asset classes and time frames. █ Default Settings RMI Settings: Length: 21, Positive Momentum Threshold: 70, Negative Momentum Threshold: 30 Super Trend Settings: Length: 10, Higher Time Frame: 480 minutes, Super Trend Factor: 3.5, MA Source: WMA Visual Settings: Display Range MA: True, Bullish Color: #00bcd4, Bearish Color: #ff5252 Additional Settings: Band Length: 30, RWMA Length: 20
Pine Script® stratejisi
PresentTrading tarafından
Alxuse Stochastic RSI for tutorial All abilities of Stochastic RSI, moreover : Drawing upper band and lower band & the ability to change values, change colors, turn on/off show. Crossing K line and D line in multi timeframe & there are symbols (Circles) with green color (Buy) and red color (Sell) & the ability to change colors, turn on/off show. Crossing K line and D line in multi timeframe according to the values of upper band and lower band & there are symbols (Triangles) with green color (Long) and red color (Short) & the ability to change colors, turn on/off show. The ability used in the alert section and create customized alerts. To receive valid alerts the replay section , the timeframe of the chart must be the same as the timeframe of the indicator. Stochastic RSI (STOCH RSI) Definition The Stochastic RSI indicator (Stoch RSI) is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user defined period of time. The Stochastic RSI is an oscillator that calculates a value between 0 and 1 which is then plotted as a line. This indicator is primarily used for identifying overbought and oversold conditions. The basics It is important to remember that the Stoch RSI is an indicator of an indicator making it two steps away from price. RSI is one step away from price and therefore a stochastic calculation of the RSI is two steps away. This is important because as with any indicator that is multiple steps away from price, Stoch RSI can have brief disconnects from actual price movement. That being said, as a range bound indicator, the Stoch RSI's primary function is identifying crossovers as well as overbought and oversold conditions. The basics It is important to remember that the Stoch RSI is an indicator of an indicator making it two steps away from price. RSI is one step away from price and therefore a stochastic calculation of the RSI is two steps away. This is important because as with any indicator that is multiple steps away from price, Stoch RSI can have brief disconnects from actual price movement. That being said, as a range bound indicator, the Stoch RSI's primary function is identifying crossovers as well as overbought and oversold conditions. Overbought/Oversold Overbought and Oversold conditions are traditionally different than the RSI. While RSI overbought and oversold conditions are traditionally set at 70 for overbought and 30 for oversold, Stoch RSI are typically .80 and .20 respectively. When using the Stoch RSI, overbought and oversold work best when trading along with the underlying trend. During an uptrend, look for oversold conditions for points of entry. During a downtrend, look for overbought conditions for points of entry. Summary When using Stoch RSI in technical analysis, a trader should be careful. By adding the Stochastic calculation to RSI, speed is greatly increased. This can generate many more signals and therefore more bad signals as well as the good ones. Stoch RSI needs to be combined with additional tools or indicators in order to be at its most effective. Using trend lines or basic chart pattern analysis can help to identify major, underlying trends and increase the Stoch RSI's accuracy. Using Stoch RSI to make trades that go against the underlying trend is a dangerous proposition. The added features to the indicator are made for training, it is advisable to use it with caution in tradings.
Pine Script® göstergesi
zarafshani20 tarafından
1
Stock Tech Bot One ViewTechnical indicators are not limited. Hence, here is another indicator with the combination of OBV, RSI, and MACD along with support, and resistance that follows the price while honoring the moving average of 200, 90 & 50. The default lookback period of this indicator is 21 though it is changeable as per the user's desire. The highest high and lowest low for the last 21 days lookback period proven to be the perfect Support & Resistance as the price of particular stock values are decided by market psychology. The support and resistance lines are very important to understand the market psychology which is very well proven with price action patterns and the lines are drawn based on, Lower Extreme = 0.1 (Changeable) Maximum Range = 21 days highest high - 21 days lowest low. Support Line = 21 days lowest low + (Maximum Range * Lower Extreme) Resistance Line = 21 days highest high - (Maximum Range * Lower Extreme) RSI - Relative strength indicator is very famous to find the market momentum within the range of 0 - 100. Though the lookback period is changeable, the 14 days lookback period is the perfect match as the momentum of market movement for the last 3 weeks will always assist to identify the market regime. Here the momentum is just to highlight the indication (green up arrow under the candle for long and red down arrow above the candle for short) of market movement though it is not very important to consider if the price of the stock respect the support & resistance lines along with volume indicator (* = violet color). OBV - Momentum: The on-balance volume is always going indicator on any kind of tickers, which helps to identify the buying interest. Now, applying momentum on OBV with the positive movement for at least two consecutive days gives perfect confirmation for entry. A combination of the price along with this momentum(OBV) in the chart will help us to know the whipsaw in the price. The Symbol "*" on top of each bar shows the market interest in that particular stock. If your ticker is fundamentally strong then you can see this "*" even when the market falls. MACD: One of the favorites and simple indicators widely used, where the thump of the rule is not to change the length even if it is allowed. It's OK to believe blindly in certain indicator and consider it while trading. That's why the indicator changes the bar color by following the MACD histogram. Volume: It may be the OBV works based on the open price and close price along with volume movement, it is wise to have the volume that is plotted along with price movement that should help you to decide whether the market is greedy or fearful. The symbol "-" on top of each bar tells you a lot and don't ignore it. Moving Average: Moving average is a very good trend indicator as everyone considers seeing along with the price in the chart which is not omitted while we gauge the price movement alone with volume in this indicator. The 200, 90 & 50 MA's are everyone's favorite, and the same is plotted on the chart. As explained above, the combination of all four indicators with price movement will give us very good confidence to take entry. Candlestick Pattern: You should admire the techniques of the candlestick pattern as you navigate the chart from right to left. Though there are a lot of patterns that exist, it is easy to enable and disable to view the signal as the label. Further, last but not least, the exit always depends on individual conviction and how often the individual watch the price movement, if your conviction is strong then follow the down arrow red indication. If not, then exit with a trailing stop that indicates the bar with orange color. Happy investing Note: It is just a combination of multiple indicators and patterns to get one holistic view. So, the credit goes to all wise developers who publically published.
Pine Script® göstergesi
stocktechbot tarafından
+ Donchian ChannelsThis version of Donchian Channels uses two source options so that one can create a channel using highs and lows rather than one or the other or closes. My thinking was that this would create a more accurate portrayal of price action (or at least contain the greatest scope of it) as seen through the lens of a Donchian Channel. This was actually part of the genesis of my idea around my Ultimate Moving Average. Besides the single top and bottom plot for the DC's extremities, I've enabled the ability to create outer bands with a variable width that the user can adjust to their preference. I think it's quite nice. I use it in the DC in my other non-overlay indicators. Besides this additional functionality, the indicator has options to plot lines between the basis and the upper and lower bands, so, basically, splitting the upper and lower channel in half. There is no magic number to the lookback. I chose 233 as default because it's a fibonacci sequence number and I'm more interested in using the DC like a very long period bias indicator, and the longer lookback gives a much wider window (because highs and lows are so spread apart) with which other faster indicators (supertrend, shorter period moving averages, etc.) can work without making the screen a clutter. The color of the basis may also be made relevant to higher timeframe information. What I mean by this is that you can set it so that the basis of the current timeframe is colored based on the candle close of the higher timeframe of your choosing. If you're looking at an hourly chart, and you set the color to Daily, the basis will be colored based on the candle close (above or below the basis) of the previous day. If the previous daily close was above the basis, that positive color will be reflected in the basis, even if the current hourly candle closes are below the hourly basis. This could potentially be useful for setting a higher timeframe directional bias and reacting off price crossing the lower timeframe basis (or whatever your trigger for entering a trade might be). This is also optional in my Ultimate Moving Average indicator. You can also set the entire indicator to whatever time frame you want if you want to see where the actual basis, or other levels are on that higher timeframe. Further additions include fibonacci retracement levels. These are calculated off the high and the low of the Donchian Channels themselves. You will see that there are only three retracement levels (.786, .705, .382), one of which is not a fib level, but what some people call the 'OTE,' or optimal trade entry. If you want more info on the OTE just web search it. So, why no .618 or .236? Reason being that the .618 overlaps the .382, and the .236 is extremely close to the .786. This sounds confusing, but the retracement levels I'm using are derived from the high and low, so it was unnecessary to have all five levels from each. I could have just calculated from the high, or just from the low, and used all the levels, but I chose to just calculate three levels from the high and three from the low because that gives a sort of mirror image balance, and that appeals to me, and the utility of the indicator is the same. The plot lines are all colored, and I've filled certain zones between them. There is a center zone filled between both .382 levels, and an upper and lower zone filled between the .786 and either the high or the low. If you like the colored zones, but don't like the plots because they cause screen compression, turn off the plots under the "style" tab. There are alerts for candle closes across every line. I should state that, regarding the fibs, obviously the length of the Channels is going to affect to what levels price retraces to. A shorter lookback means you will see more changes in highs and lows, and therefore retraces are often going to be full retraces within the bands unless price is trending hard. A longer lookback means you will see smaller retraces. Using this in conjunction with key high timeframe levels and/or a moving average can give great confidence in a trade entry. Additionally, if you have a short bias it may help in finding levels or entering a trade on a pullback. It could also be good for trade targets. But again, the lookback you choose for this indicator is going to dictate its use in the system you're building or already have. A 9 EMA and a 200 EMA, while fundamentally the same, are going to be used somewhat differently while doing your chart analysis. Additional images below. Same image as main, but with supertrend and my +UMA to help with chart analysis. Image with the fib stuff turned on. Zoomed out image with the same. Shorter lookback period. Zoomed in image of shorter lookback.
Pine Script® göstergesi
ClassicScott tarafından
14
Daily HIGH/LOW strategyThis is a DAILY High/LOW strategy combined with a moving average and volume for more accuracy. The rules are simple : For long if we had a cross of the high with the previous high and close of the candle is above moving average and chaikin money flow volume is positive we have a long entry. We exit when we cross down the moving average with the close of the candle. For short if we had a crossdown of the low with the previous low and close of the candle is below moving average and chaikin money flow volume is negative we have a short entry. We exit when we cross above the moving average with the close of the candle. This strategy has no risk management inside so use it with caution. If you have any questions, let me know
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exlux tarafından
1
Ichimoku + RSI Crypto trending strategyThis is a crypto trending strategy designed for big timeframes such as 3-4h+. Its components are: RSI ICHIMOKU full pack Heikin Ashi candles for logic calculation inside Rules for entry. For long : we have a long cross condition on ichimoku and price is above the ichimoku lines, and at the same time RSI value is > 50. For long : we have a short cross condition on ichimoku and price is below the ichimoku lines, and at the same time RSI value is < 50. Rules for exit We exit whenever we receive an opposite signal of the initial entry. SInce this strategy is using no risk management inside, I recommend to be careful with it . If you have any questions, let me know !
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exlux tarafından
Swing forex strategy 15minThis is a strategy made using BB+ RSI indicators that seems to work great with 15 min major pairs for FOREX. THe rules for it are simple: For long we enter when the close of our candle crosses upwards the lower line and rsi crossover the over sold line We exit long when we have a short entry. For short we enter when the close of the candle crosses downwards the top line and rsi cross under the over bought line WE exit short when we have a long entry. Careful, this strategy has no risk management inside. If you have any questions let me know !
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exlux tarafından
EBB & Flow: a multi-EMA-based BB cloudIntro This is an idea evolved out of the market maker method and EMA convergence, divergence, and mean reversion. The market maker method informs us that the 5, 13, 50 and 200 EMAs are important to regulating price. Those EMA lengths are multiples of the 50 and 200 on lower major timeframes -- the 1 minute, 5, 15, 1H, 4H, 1D. I include the 21 because it is also a multiple and in crypto very often respected. When market makers are testing price, they set their range and spike in the direction they test for liquidity. This can get chaotic. For instance, in a shorter time frame consolidation inside a bigger timeframe uptrend, it can be too easy to forget where you are in the many trends playing out. When the EMAs are dragged over each other during normal price movement, you get these crisscrossing tracks of price, and the individual breaks can be hard to trace. The range is what matters, ultimately, and the range is dynamic. In that case, the Bollinger Band is a great tool for detecting outliers in this case. The Answer So the answer this indicator seeks to give, is to look for outliers. This gives you a scalping strategy built on Traders Reality thinking and best put together with the PVSRA indicator, which I may include in this indicator just for the sake of concision, but they can work alongside each other or separately. The key thing is the different EMA clouds, which are bollinger bands. Tight bands mean imminent breaks, favouring the trend. Vector candles out of a zone, pins to the low/high, etc. are all very relevant alongside this indicator. You can also use it on its own and scalp the breaks of a cloud. How it works Each cloud is a standard deviation from their respective EMA, all in the same colour. The deviation multiple is 1.618 by default. Yes, fibonacci sequences are usually nonsense, but it works better with the BB than 2, 2.5 or 3. Using just the clouds, you can see where each EMA is headed and how it behaves within the deviation of the others. But that on its own isn't enough. The indicator will also print snowflakes above and below the candle for notable outliers. It will be in the colour of the cloud it breaks, but only if that break is also breaking the smaller EMA clouds too. The most snowflakes will be yellow because that's the 13 EMA. That one is dependent on nothing else and every break will print a snowflake. The 21 will be dependent on the 13. The 50 dependent on the 13 and 21 breaks. The 200 the most important. For example, if the 200 EMA-BB or EBB is broken at the upper band, deviating by more than 162% of price over a 200 period EMA, and that break is not above the 50 EMA cloud, there will be no snowflake. However, if it exceeds the 13, 21, 50, and 200 clouds, then a purple snowflake will appear above the bar. Any snowflake is an extreme in price. The purple is an especially good point of entry. That doesn't mean it is a perfect entry. You can build position from it, though, and be relatively certain of a price correction in the near future, because not only was this major EMA cloud violated, but all of the smaller ones too. Reminder You still need your PVSRA and candlesticks. This indicator on its own may have a nice hit rate for scalping and building position, as an alternative to the TDI or alongside it, but it is not enough on its own, just like the TDI. Enjoy!
Pine Script® göstergesi
mabonyi tarafından
2
RSI Divergence X Ichimoku Cloud X 200EMAHi all, This script is a combination of the RSI Divergence Strategy combined with Ichimoku Cloud and 200 EMA . A long position is entered only when the RSI identifies a bullish divergence (either regular or hidden), and that the Ichimoku Cloud is above the 200 EMA . This is to ensure that there is a confirmation of a bullish trend before an entry. Similarly, a short position is entered only when the RSI identified a bearish divergence (either regular or hidden), and that the Ichimoku Cloud is below the 200 EMA . This is to ensure that there is a confirmation of a bearish trend before an entry. I find that this script works best on Intraday charts. This is just a simple script I built on my third attempt of backtesting strategies on TradingView. Do give it a go and let me know if you guys have any feedback or comments about it. Happy trading!
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tradethrills tarafından
9
ScalpyScalpy is made up of a 2 main parts. - The cloud comprising of a 10 period SMA and a 30 period SMA. - When the cloud is green you should be looking for long entries. - When the cloud is red you should be looking for short entries. - Price is most bullish above a green cloud and most bearish below a red cloud. - Being within the cloud indicates indecision. The blue and white lines on the indicator show the relationship between price and momentum. They can be used to spot reversals in two ways: - The first is a divergence between price (blue line) and RSI (white line) - If the price makes a lower low but the RSI makes a higher low this shows the trend is weakening and may be reversing soon (as can be seen by the two yellow lines on the chart). The second is a simple crossover: - When the white line crosses the blue line to the upside this signals a long entry. - When the white line crosses the blue line to the downside this signals a short entry.
Pine Script® göstergesi
kaaiii tarafından
10
Amazing Crossover System - 100+ pips per day!I got the main concept for this system on another site. While I have made one important change, I must stress that the heart of this system was created by someone else! We must give credit where credit is due! Y'all know baby pips. @ForexPhantom published about this system and did both back and forward test around 10 years ago. I found it on the sit and now I put it to code to see how it performs. I assume 10 points spread for every trade. I use Renesource or AxiTrader to get the low spreads. There are 2 mods, the single trades and constant trading on the direction. Main concept Indicators 5 EMA -- YELLOW 10 EMA -- RED RSI (10 - Apply to Median Price: HL/2) -- One level at 50. TIME FRAME 1 Hour Only (very important!) PAIRS Virtually any pair seems to work as this is strictly technical analysis. I recommend sticking to the main currencies and avoiding cross currencies (just his preference). WHEN TO ENTER A TRADE Enter LONG when the Yellow EMA crosses the Red EMA from underneath. RSI must be approaching 50 from the BOTTOM and cross 50 to warrant entry. Enter SHORT when the Yellow EMA crosses the Red EMA from the top. RSI must be approaching 50 from the TOP and cross 50 to warrant entry. I've attached a picture which demonstrates all these conditions. That's it! f.bpcdn.co
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DevLucem tarafından
7