GnG - Sniper SuperTrend with BuySell SignalThis Indicator possible traders to get a signal when trend is changing,
TrendUp with ArrowUp, TrendDown with ArrowDown.
Show buying and selling signal wsing EMA :
when short EMA cross-up Long EMA is Signal to Buy
when short EMA cross-down Long EMA is Signal to Sell
Using Stochastic 14-3-3 to get signal overbought and oversold.
when oversold, and StochK is crossing-up stochD, will show signal to buy.
when overbought, and StockK is crossing-down stockD, will show signal to sell.
Pivot H/L and Linear Regression for Resistance and Support.
With 2 Timeframe Linear Regression (Short and Long)
When study error, try to change the short time frame.
Including adjustable 7 SMA Line
Disclaimer On. Take your own risk.
Komut dosyalarını "supertrend" için ara
ActiveFrame by Kabott"ActiveFrame" is a mashup of a Supertrend and Donchian Channels, an attempt to find the "Pullback Zone" or "optimal" Entry Zone before trend continuation, partners well with Oscillators for entry signals.
Be aware of Choppy markets.
Enjoy!
Pick PocketIf the candles are above the two colored lines, search for BUYS. If the candles are below the two colored lines, search for SELLS (also applying price action and looking for bounce points).
Is complemented by the william fractal
EMA:200
Supertrend= (2,3)
Bull vs Bear Power by DGTElder-Ray Bear and Bull Power
Dr. Alexander Elder cleverly named his first indicator Elder-Ray because of its function, which is designed to see through the market like an X-ray machine. Developed in 1989, the Elder-Ray indicator can be applied to the chart of any security and helps traders determine the strength of competing groups of bulls and bears by gazing under the surface of the markets for data that may not immediately be ascertainable from a superficial glance at prices
The Elder-Ray indicator is comprised by three elements – Bear Power, Bull Power and a 13-period Exponential Moving Average.
As the high price of any candle shows the maximum power of buyers and the low price of any candle shows the maximum power of sellers, Elder uses the 13-period EMA in order to present the average consensus of price value. Bull power shows whether buyers are capable of pushing prices above the average consensus of value. Bear power shows whether sellers are capable of pushing prices below the average consensus of value. Mathematically, Bull power is the result of subtracting the 13-period EMA from the high price of the day, and Bear power is the result of subtracting the 13-period EMA from the low price of the day.
What does this study implements
Attempts to customize interpretation of Alexander Elder's Elder-Ray Indicator (Bull and Bear Power) by
• adding additional insights to support/confirm Elder’s strategy with different indicators related with the Elder’s concept
• providing different options of visualization of the indicator
• providing smoothing capability
Other Indicators to support/confirm Elder-Ray Indicator:
Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI) , where :
DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction
CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the top. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage.
Alexander Elder considers the slope of the EMA, which gives insight into the recent trend whether is up or down, and CDMI adds additional insight of verifying/confirming the trend as well as its strength
Note : educational content of how to read CDMI can be found in ideas section named as “Colored Directional Movement Index”
different usages of CDMI can be observed with studies “Candlestick Patterns in Context by DGT", “Ichimoku Colored SuperTrend + Colored DMI by DGT”, “Colored Directional Movement and Bollinger Band's Cloud by DGT”, and “Technical Analyst by DGT”
Price Convergence/Divergence , if we pay attention to mathematical formulations of bull power, bear power and price convergence/divergence (also can be expressed as price distance to its ma) we would clearly observe that price convergence/divergence is in fact the result of how the market performed based on the fact that we assume 13-period EMA is consensus of price value. Then, we may assume that the price convergence/divergence crosses of bull power, or bear power, or sum of bull and bear power could be considered as potential trading signals
Additionally, price convergence/divergence visualizes the belief that prices high above the moving average or low below it are likely to be remedied in the future by a reverse price movement
Alternatively, Least Squares Moving Average of Price Convergence/Divergence (also known as Linear Regression Curve) can be plotted instead of Price Convergence/Divergence which can be considered as a smoothed version of Price Convergence/Divergence
Note : different usages of Price Convergence/Divergence can be observed with studies “Trading Psychology - Fear & Greed Index by DGT”, “Price Distance to its MA by DGT”, “P-MACD by DGT”, where “Price Distance to its MA by DGT” can also be considered as educational content which includes an article of a research carried on the topic
Options of Visualization
Bull and Bear Power plotted as two separate
• histograms
• lines
• bands
Sum of Bull and Bear Power plotted as single
• histogram
• line
• band
Others
Price Convergence/Divergence displayed as Line
CDMI is displayed as single colored line of triangle shapes, where triangle shapes displays direction of the trend (triangle up represents bull and triangle down represent bear), colors of CDMI displays the strength of the trend (green – strong bullish, red – strong bearish, gray – no trend, yellow – week trend)
In general with this study, color densities also have a meaning and aims to displays if the value of the indicator is falling or growing, darker colors displays more intense move comparing to light one
Note : band's upper and lower levels are calculated by using standard deviation build-in function with multiply factor of 0.236 Fibonacci’s ratio (just a number for our case, no any meaning)
Smoothing
No smoothing is applied by default but the capability is added in case Price Convergence/Divergence Line is assumed to be used as a signal line it will be worth smoothing the bear, bull or sum of bear and bull power indicators
Interpreting Elder-Ray Indicator, according to Dr. Alexander Elder
Bull Power should remain positive in normal circumstances, while Bear Power should remain negative in normal circumstances. In case the Bull Power indicator enters into negative territory, this implies that sellers have overcome buyers and control the market. In case the Bear Power indicator enters into positive territory, this indicates that buyers have overcome sellers and control the market. A trader should not go long at times when the Bear Power indicator is positive and he/she should not go short at times when the Bull Power indicator is negative.
13-period EMAs slope can be used in order to identify the direction of the major trend. According to Elder, the most reliable buy signals are generated, when there is a bullish divergence between the Bear Power indicator and the price (Bear Power forms higher lows, while the market forms lower lows). The most reliable sell signals are generated, when there is a bearish divergence between the Bull Power indicator and the price (Bull Power forms lower highs, while the market forms higher highs).
There are four basic conditions, required to go long or short, with the use of the Elder-Ray method alone.
In order to go long:
1. The market is in a bull trend, as indicated by the 13-period EMA
2. Bear Power is in negative territory, but increasing
3. The most recent Bull Power top is higher than its prior top
4. Bear Power is going up from a bullish divergence
The last two conditions are optional that fine-tune the buying decision
In order to go short:
1. The market is in a bear trend, as indicated by the 13-period EMA
2. Bull Power is in positive territory, but falling
3. The most recent Bear Power bottom is lower than its prior bottom
4. Bull Power is falling from a bearish divergence
The last two conditions are optional, they provide a stronger signal for shorting but they are not absolutely essential
If a trader is willing to add to his/her position, he/she needs to:
1. add to his/her long position, when the Bear Power falls below zero and then climbs back into positive territory
2. add to his/her short position, when the Bull Power increases above zero and then drops back into negative territory.
note : terminology of the definitions used herein are as per TV dictionary
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Jupiter's Attraction AjeetTo be used only on 15 mins
As you all know that I am personally supertrend lover
so here's another indicator to remove whipsaws of superT
To start, locate a candle where "Bulls/Bears Entering"
Now signals after this candle, are only valid
so if Bulls are entering then I will enter buy signal that appears afterward
Target will be fixed at 1st 1% and 2nd at 1.6% and SL will be a reverse signal in superT
Indicator is purely Non-repainting and will not disappear or change when candle completes.
-Ajeet Singh
Volatility Detector by AjeetThis indicator is used for detecting Volatility
To be applied only on 15 mins chart
As soon as you spot a circle (Inc. in Volatility) then high movement is
expected in further 5-6 candles
Movement can be up or down
Its can be best used for scalping...
Run a chart on 15 mins, detect a candle with an indication of high movement ahead
shift to smaller timeframe like 3 mins
apply lower setting supertrend like 11,2
and take benefit of the move
BTC-SwingScript is based on SuperRange - evo @EvoCrypto
It's based on highest and lowest candle close from a few bars back.
Removed + added some minor stuff, added alerts and signals
dded a signal line (ALMA)
added options to display EMA 20/50/100/200
use higher timeframe (1D)
TradeChartist Plug and Trade™TradeChartist Plug and Trade is an extremely useful indicator that can be connected to almost any Study script (not a Strategy) on Trading View (with an Oscillatory or Non-Oscillatory Signal plot) to generate Trade Signals with Stop Loss plot, user set or automatic Target plots and create Alerts based on Past Performance, determined by Past Gains/Drawdowns for each Trade. The indicator is packed with a lot of features including TradeChartist's signature Dashboard and Real-time Gains Tracker, Automatic Targets Generator, Take Profit recommendation, option to paint price bars based on Trade/Price Trend, 3 types of Stop Loss plots to choose from, with option for user to set fixed Target to take profits.
1. How does ™TradeChartist Plug and Trade connect to another Study script/indicator signal?
Plug and Trade is elegantly designed with simplicity in mind, without compromising on functionality, so any trader - beginner to advanced, can just plug an external signal to the indicator with ease by just following these simple steps.
Add to price chart, the Indicator along with the signal plot to be tested and assessed for performance.
Plug the signal into ™TradeChartist Plug and Trade by choosing it from the Plug Signal Here drop-down.
Choose Signal type as Oscillatory if signal oscillates between set values or crosses a certain value periodically (Example: RSI, CCI, TRIX etc that are mostly not overlayed on Price chart and may be in a separate pane from price chart as it may not fit on Price scale), Choose Signal Type as Non Oscillatory if the signal can be plotted on price scale and Trades are normally generated when price crosses above or below it (Moving Averages, SAR indicators like SuperTrend, etc.).
For oscillators, default Oscillator value for Trade Signals is 0 as most Oscillators have 0 as their mid point. The value can be changed if the Signal doesn't oscillate with 0 as its mid point. For example, if the connected Signal is RSI, the values can be changed to Upper and Lower band values to generate Trade Signals.
Plot the Signal on chart if the signal is Non Oscillatory.
2. How can the plugged Signal's performance be assessed using ™TradeChartist Plug and Trade and subsequently used for generating Trade Entries and to create Alerts?
Once the Signal is plugged into the indicator based on steps above, Plug and Trade automatically plots the Trade entries based on the Signal type.
Plot Trade Entries after Bar Close from settings can be checked for signals that do not confirm until bar close. By doing this, repainting can be avoided for most signals and true performance can be assessed. Also, alerts can be created using Once Per Bar rather than Once Per Bar Close .
The real-time Gains Tracker and Dashboard are useful in tracking gains and other useful indicator values like RSI, Stoch, ATR and EMA in real-time with price movement.
Enabling Past Performance from settings will plot Maximum Gains achieved and Maximum Drawdown for each trade as labels . Trading View only plots finite number of labels and old labels are deleted automatically. But to access past performance beyond the last available label, bar replay can be used.
User can choose from 3 types of Stop Losses from the settings - Fixed %, Trailing % and ATR Stop Loss namely and a Fixed TP % to create plots on price chart and to create alerts.
If the user prefers automatic targets based on Trade entries, Recommend Targets can be enabled from the settings. The automatic targets are generated at the time of Trade Entry, along with Target prices and % which turn green when hit.
Each BUY and SELL Trade are tracked in its entirety and the highest high since BUY and lowest low since SELL are plotted on the price chart and also displayed on the Plug and Play Dashboard
Choppiness can be easily spotted if there are numerous Past Performance labels or several Trade Entries around a short timeframe on chart. This may mean that the signal needs smoothing or may not be suitable for the asset to trade on the chart timeframe. Suitability of a Study script for the asset can be determined in many ways using this indicator.
3. What other features are included in ™TradeChartist Plug and Trade?
Enabling Spot Price Bars to take Profit option from settings automatically plots $ sign above/below candles where Profit taking is recommended or Stop Loss moved to secure profits/reduce loss.
Enabling Paint Price Bars with Trade Trend paints price bars with colors that help picture Trade/Price trend. Trend spotting using this works best with (bars/hollow candles/candles with no border) on dark background.
Both features work on Price chart even without any Signal plugged in.
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Example Charts using different Signals plugged into ™TradeChartist Plug and Trade
1. RSI Signal (Oscillatory) plugged in with >60 for BUYs and <40 for SELLs - BTC-USDT on 1hr
2. PowerTracer Signal (Oscillatory) plugged in - GBP-USD 1hr
3. 55 period VWMA Signal (Non Oscillatory) plugged in - ADA-USDT 4hr
4. RSI Signal (Oscillatory) plugged in with >70 for BUYs and <30 for SELLs - SPX 1hr with Trailing SL - 3% and TP - 2%
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
===================================================================================================================
Price Distance to its MA by DGTPrices high above the moving average (MA) or low below it are likely to be remedied in the future by a reverse price movement as stated in an Article by Denis Alajbeg, Zoran Bubas and Dina Vasic published in International Journal of Economics, Commerce and Management
Here comes a study to indicate the idea of this article, Price Distance to its Moving Averages (P/MA Ratio)
The analysis expressed in the paper indicates that there is a connection between the distance of the prices to moving averages and subsequent returns : portfolios of stocks with lower prices to moving averages generally outperformed portfolios of stocks with higher prices to moving averages. This “overextended” effect is more pronounced when using shorter moving averages of 20 and 50 days, and is especially strong in short-term holding periods like one and two weeks. The highest annual returns are recorded when buying in the range of 0-5% below shorter moving averages of 20/50 days, and 0-10% below longer moving averages of 100/200 days. However, buying very far below almost all moving averages on almost all holding periods produces the lowest returns.
The concept of this study recognizes three different modes of action.
In a clearly established upward trend traders should be buying when prices are near or below the MA line and selling when prices move too far above the MA.
Conversely, in downward trend stocks should be shorted when reaching or going above the moving average and covered when they drop too far below the MA line.
In a sideways movement traders are advised to buy if the price is too low below the moving average and sell when it goes too far above it
Short-term traders can expect to outperform in a one or two week time window if buying stocks with lower prices compared to their 20 and 50 SMA/EMA, one to two-week holding periods is quite high, ranging from 72,09% to 90,61% for the SMA(20, 50) and 85,03% to 87,5% for the EMA(20, 50). The best results for the SMA 20 and 50, on average, are concentrated in the region of 0-5% below the MA for the majority of holding periods. Buying very far below almost all MA in almost all holding periods turns out to be the worst possible option
Candle patterns, momentum could be used in conjunction with this indicator for better results. Try Colored DMI and Ichimoku colored SuperTrend by DGT
jbaik Trend/VWAP/PivotDraws SuperTrend/VWAP/Pivot
Sends "L" signal when :
RSI oversold and close higher than previous bar OR bar breaks highest value of period with higher volume than previous bar
Sends "S" signal when :
RSI overbought and close lower than previous bar OR bar breaks lowest value of period with higher volume than previous bar
Market Sniper - Trading/Scalping SuiteWelcome to Market Sniper.
Market sniper is meant to be a suite for trading/scalping alongside my indicators script, RSI, Stochastic and Horizontals.
It is based on over 15 Indicators/Oscillators so there is no need for convoluted charts and constantly changing charts/indicators for a better understanding of the market.
Warnings:
I can't stress this enough! This isn't a magic pill that will transform your illiterate grandmother into an expert trader! This is a very powerful tool whose function is to complement your trading/save time (and yes, with practice be your main trading tool).
This algorithm requires setting up and training to be used correctly, please do not expect to load it up and immediately be scalping the 1s charts.
This algorithm is heavy and might require constant refreshes of the browser on slower computers.
Labels overlap at the moment, working on this part at the moment. So, always zoom in before doing a trade / change the "+- signals in settings"
Candlestick patterns need tweaking, I personally have it off and use my own judgement atm.
What it includes:
Trend reversal / continuation (Macd, Stochastics, money flow , CCI , momentum, DIOSC (automatic trendlines ), SuperTrend, Moving averages, etc, etc.)
RSI divergence drive / drive counter (base code from Libertus, check his profile as he has very helpful scripts)
Bull Market expansions for longterm take profit and increasing position
Candlestick patterns
Trend reversal / Continuation
Green = Bullish reversal
Red = Bearish trend reversal
Orange = Trend continuation / strengthening
Trend Continuation/Strengthening
A warning here, trend strengthening also means that many times the indicators are overextended or close to it
------
The numbers reflect the amount of indicators that are signaling a reversal over the specified period on the settings.
For higher timeframes this setting should be on a lower value and the opposite for lower timeframes.
This works on every market and every timeframe(according to months of my own paper and real trading). Remember that each market/asset/commodity has different soft spots so tweaking, backtesting and present accuracy review should be of maximum priority.
Bull Market expansion phase
Warning:
The indicator purposely does not show any signals during bear markets. It is my opinion bear markets complexity render this tool close to useless.
It was designed to be used in higher timeframes, tough it SEEMS to have a good track record / be useful in lower timeframes.
it will ALWAYS give a fake signal at the end of a bull market because of the very nature of the code.
It is based of EMAs, RSI and Stochastic
Candlestick Patterns
Bullish candlestick patterns:
Hammer
Inverted Hammer
Dragonfly
Gravestone
Bearish candlestick pattern:
Shooting Star
Hanging Man
Gravestone
Dragonfly
RSI divergence drive
- Credit to Libertus for the base code of this section
The green triangle means there are at least 2 drives of valid divergence, yellow for 3 and red for 4+.
The script shows triangles when confirmation candle closes.
You need to know how divergence works to use this section. investopedia can easily get you there.
For cryptos I use 2-4h+ timeframes, for traditional markets I use 15min+ for forex I use it basically in every timeframe.
For questions/suggestions and access PM me in the platform itself and don't forget -> FEEDBACK IS IMPORTANT
Thank you all
{INDYAN} Ichimoku for IntradayIts based on ichimoku, i removed cloud and mod some changes for better use in intraday trading. It can be used in stocks and index as well.Not tested on MCX and Forex.
Just watch at crossover of tenkan and kijun that RSI macd is above 60 and zero or not? If all three parameters meet go for long... exit when again another cross happen or rsi go below 40.for sell side watch for rsi below 40 and macd below zero line while crossover of kijun tenkan.
Better to use it with RSI+Macd Fast to get more accurate results.
#for better confirmation look value of VWAP and decide accordingly
Do back test before using it.
Happy Trading
Love INDyAN
#change line color as per ur wish but value should be same as it was default entered.
DMT Ladder AutobotDMT Ladder Autobot Study it's unique super trend indicators that measure the volatility from the current price action with ATR recognitions and custom setting
in this version, we can find that DMT Autbot also Ladders long entry and short entry in 4 different steps you can set your calculations depending on your requirements and pair volatility calculations
to recover your entry DMT will turn loosing trading into winning trades with the right risk management.
1 long signals
4 ladder Long add signals
1 short signals
4 ladder short add signals
1 dynamic stop calculated from your average entry price
1 dynamic take profit calculated from your average entry price
Please pm me for access or larger explanations about the script or for full pdf tutorial
thx for your support
@Shenlong
Trend Trading Indicator V3Hello Everyone it is base on super-trend and moving average most power full version
Indicator feature
➤Long signal with Alerts
➤Short signal with Alerts
➤Take profit and stop loss from Long side with Alerts
➤Take profit and stop loss from Short side with Alerts
➤You Can Also change Indicator Input and Enhance Indicator Signal
➤No Repaint
➤You can also add Long and Short side Custom input
In the future, we are adding more features and alerts and time to time. update
Super trend-SARJust bored today , so I try this combination of sar and a slight modified super trend with ema
buy and sell are shown up
alerts included
i set to to 1 hour candles on btc/ for other time frames or assets you need to tweek it by your own
Day Trading Alert 01 by silenThunderrWorks on 1m TF or Tick Data
// Alert Condition for the Script are as follow :-
// EMA 10 crosses EMA 20 from bottom
// Close Price above VWAP
// Close price above Supertrend & +ve
// RSI > 60
For going LONG on Stocks when ALL conditions satisfy
Have to manually activate on each stocks on which Alerts is required.
Sameer Trend - Super trend - ema - buy sell volumeThis script considers the following parameters
Super Trend
200 day ema
Buy & Sell Volume
And According to that gives you buy and sell Signal
Buy & Sell XRPBTC:BINANCE 2H Trading BotBuy & Sell Alert system for BINANCE:TRXBTC
Goal is to Beat Buy & Hold on the 2H (see backtest below)
Built upon the Supertrend, ADX and Tilson T3 indicators.
A trailing Stop loss in integrated to the script, as well as a Take profit system.
To get the indicator, please use the link below, thanks!
Grover Llorens Activator [alexgrover & Lucía Llorens] Trailing stops play a key role in technical analysis and are extremely popular trend following indicators. Their main strength lie in their ability to minimize whipsaws while conserving a decent reactivity, the most popular ones include the Supertrend, Parabolic SAR and Gann Hilo activator. However, and like many indicators, most trailing stops assume an infinitely long trend, which penalize their ability to provide early exit points, this isn't the case of the parabolic SAR who take this into account and thus converge toward the price at an increasing speed the longer a trend last.
Today a similar indicator is proposed. From an original idea of alexgrover & Lucía Llorens who wanted to revisit the classic parabolic SAR indicator, the Llorens activator aim to converge toward the price the longer a trend persist, thus allowing for potential early and accurate exit points. The code make use of the idea behind the price curve channel that you can find here :
I tried to make the code as concise as possible.
The Indicator
The indicator posses 2 user settings, length and mult , length control the rate of convergence of the indicator, with higher values of length making the indicator output converge more slowly toward the price. Mult is also related with the rate of convergence, basically once the price cross the trailing stop its value will become equal to the previous trailing stop value plus/minus mult*atr depending on the previous trailing stop value, therefore higher values of mult will require more time for the trailing stop to reach the closing price, use higher values of mult if you want to avoid potential whipsaws.
Above the indicator with slow convergence time (high length) and low mult.
Points with early exit points are highlighted.
Usage For Oscillators
The difference between the closing price and an overlay indicator can provide an oscillator with characteristics depending on the indicators used for differencing, Lucía Llorens stated that we should find indicators for differencing that highlight the cycles in the price, in other terms : Price - Signal , where we want to find Signal such that we maximize the visibility of the cycles, it can be demonstrated that in the case where the closing price is an additive model : Trend + Cycles + Noise , the zero lag estimation of the Trend component can allow for the conservation of the cycle and noise component, that is : Price - Estimate(Trend) , for example the difference between the price and moving average isn't optimal because of the moving average lag, instead the use of zero lag moving averages is more suitable, however the proposed indicator allow for a surprisingly good representation of the cycles when using differencing.
The normalization of this oscillator (via the RSI) allow to make the peak amplitude of the cycles more constant. Note however that such method can return an output with a sign inverse to the one of the original cycle component.
Conclusion
We proposed an indicator which share the logic of the SAR indicator, that is using convergence toward the price in order to provide early exit points detection. We have seen that this indicator can be used to highlight cycles when used for differencing and i don't exclude publishing more indicators based on this method.
Lucía Llorens has been a great person to work with, and provided enormous feedback and support while i was coding the indicator, this is why i include her in the indicator name as well as copyright notice. I hope we can make more indicators togethers in the future.
(altho i was against using buy/sells labels xD !)
Thanks for reading !
Super Trend Daily 2.0 Alerts BFThis is an alerts script for my Super Trend 2.0 indicator . It is intended as a companion script so you can backtest using the Strategy script and generate alerts using this Study script.
This Study script has the same default settings as the Strategy script and its only purpose is to provide alerts for the long and short signals the Strategy generates. Obviously, if you want to generate alerts based on a Strategy backtest, please ensure the settings are the same in the Study as in the Strategy.
For illustration, I have plotted arrows on the chart for long and short signals, and also colored the background to show when the rate of change function determines a choppy/sideways market.
ALERTS
There are 2 alerts set up:
Long Entry
Short Entry
ILLUSTRATION
Green arrow = Long Entry
Red arrow = Short Entry
White background = No short trades
Aqua background = No long trades
EXAMPLE USE CASE
1. Open a Bitcoin/USD chart on 1D timeframe.
2. Open this script and the Super Trend 2.0 indicator script.
3. Backtest with the Strategy Backtester and change the settings if you like until you get a desirable outcome for your own purposes.
4. Once you are happy with the backtest, change the settings in the Alerts script (this one) so they match the Strategy settings.
5. Set up the alerts according to your preferences.
Mr. Pips SuperTrend Power PipperMr. Pips is proud to bring his Proprietary Price Action Trading Indicator to the masses. This easy to use script works on all time frames and all stocks, commodities, indices, etc.... Mr. Pips has developed this indicator to help the most novice trader achieve returns. Buy when the trendline turns green and move your trailing stop-loss up as the price goes up. Conversely, Short when the trendline turns red and move your trailing stop-loss down as the price moves down. It's that simple. When the price repeatedly re-tests the trendline, whether it be support or resistance, this is another good place to open a position. This script works on all time-frames. You can use it to scalp small pips when volatility is low, and it is recommended to use this script on higher time-frames(60-240min) when volatility is high. Mr. Pips hopes you're having a profitable Day!!!
Mr. Pips' quote of the day:
"Pippin ain't dead it just moved to the web!"
RIP Pimp C
Fabonacci Trailer - [Alerts]This script comes with the following indicators and features:
ADX indicator
Chop indicator
Super Trend indicator
Trailing Take Profit and Stop Loss
Entry, Take Profit, and Stop Loss Alerts
Renko chart support
And a few more indicators in the back-end to increase accuracy and optimize entries
This script works really well as a scalper on lower Time Frames as well as on higher Time Frames. Besides that you can also use it on pretty much any coin or asset.
This script is not repainting. We advise to use alerts on “Once Per Bar Close”.
If you’d like to automate this script you can do that by using AutoView, ProfitView, ProfitTrailer, CryptoHopper etc.
Please note that this script is based on invite only.