Neo's %KIn my opinion the %K is the only part of the stochastic that you actually need. It's the fast RSI, so it responds much better to large price movements and reveals divergence a lot sooner than %D. The %D has no real confluence with the rest of my strategy so, I only use %K.
Stokastik RSI (STOCH RSI)
mystochrsirsi + stochrsi
Indicator where rsi and stoch rsi are both together. Please adjust the color etc settings from the style tab.
Vix FIX / StochRSI Strategy
Updated to Pine V5
Enter upon a filtered or aggressive entry
If there are multiple entry signals, allow pyramiding
Exit when there is Stochastic RSI crossover above 80
Work with some futures and futures timeframes
Based on Chris Moody's Vix Fix
Stoch RSI, Div, Zone S3 by Gammaprod>> How to use this indicator :
1. Set your teadingview theme to dark theme.
2. My indicator is valid for forex, stock and but more valid for crypto.
3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for Swing Trading
4 . Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) :
- Trendlines Boll Ichi Crypto by Gammaprod
- Stoch RSI Divs Zone Crypto by Gammaprod
- MACD Volume Crypto by Gammaprod
>> How to setting :
1. Trendlines Boll Ichi Crypto by Gammaprod
A. Support and Resistence
- Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
B. Trendlines Primary or Trendlines Secondary
- Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary
- Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
C. Bolinger, Ichimoku Cloud and Lagging Span
- Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT)
3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT)
>> How to read :
1. Sell or Buy Priority :
A. Buy Priority
- Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell)
B. Buy Priority
- Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy)
C. Indecision / Golden Moment
- Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please becareful at this moment.
2. Trend / Consolidation :
A. BULLISH trend
- When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
B. BEARISH trend
- When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
C. CONSOLIDATION
- When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
3. Special Mark
A. Ideal Bullish :
- Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
B. Not an Ideal Bullish :
- Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
C. Ideal Bearish :
- Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
D. Not an Ideal Bearish:
- Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
E. The Beginning of Reversal (from BEARISH to BULLISH) :
- When Stoch RSI line shaping GREEN position is near 20.
- MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE.
- Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
F. The Beginning of Reversal (from BULLISH to BEARISH) :
- When Stoch RSI line shaping PINK position is near 80.
- MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN.
- Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger):
- Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell
>> How to OPEN position:
A. Bullish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles above the green cloud.
- Lagging span (red line) above the candles.
- then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Teal or Green background.
- The lines is shaping green.
- Better if on the bottom (at a range 20).
3. MACD Volume Crypto by Gammaprod
- Teal or Green background.
- The lines is shaped or shaping green.
- Better if at the green histogram.
B. Bearish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles below the purple cloud.
- Lagging span (red line) below the candles.
- then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Pink or purple background.
- The lines are shaping pink.
- Better if the line on the top (at a range 80).
3. MACD Volume Crypto by Gammaprod
- Pink or purple background.
- The lines are shaped or shaping green.
- Better if at the pink histogram.
C. Consolidation
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles on the cloud (green or purple).
- Lagging span (red line) on the candles.
- then open buy near the white or blue line (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Mix background specially on a timeframe 15m or more.
- The line move fast up and down.
- Better if on the bottom or the top of the lines (at a range 20 or 80).
3. MACD Volume Crypto by Gammaprod
- Changing the background.
- The line is near the middle line.
- Have small Histogram.
>> The secret ingridient is comparing the timeframe :
The example scalping (Timeframe 1m, 5m and 15m)
- TF 1m is for making an open position.
- TF 5m is for making a judgement of the trend market.
- TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit char on this column, I hope it will help your trading and make a more profit on it.
Vix FIX / Stochastic Weights StrategyThis script is based off of Chris Moody's Vix Fix Indicator modified by OskarGallard and BigBitsIO's Stochastic Weights.
This script is a compilation of several different stochastic indicators (and RSI ) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them easier. By default, the Stochastic and Stochastic RSI are both enabled - the idea is to speed up the relatively slower Stochastic and to slow down the relatively fast Stochastic RSI . BigBitsIO's Stochastics are also available that can also be added to the weighted calculation. Only the K value is weighted, as the D value is just a moving average of the weighted K.
- Why is this modifed stochastic useful?
- To weight multiple indicators together so that you can attempt to find optimal values shared amongst the indicators. Ex: If Stochastic RSI is 100 and Stochastic is 50, K would be 75 and not particularly high. If you add in a 50 RSI , the K would be 67 in this example. If we weight indicators together that all have a high value they could potentially help find elements that align together to produce a stronger signal.
In this script we have the red "S" triangles which are Exits (overbought stochastic crosses).
Added alerts for stochastic exit signals. Alerts are Pre-Set to only Alert on Bar Close.
The "Williams Vix Fix" is one of the most reliable indicators in history for finding market bottoms. The Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries".
The AE green triangles are "Aggressive Filtered Entries".
Added Alerts to Williams Vix Fix (Aggressive Entry and Filtered Entry). Alerts are Pre-Set to only Alert on Bar Close.
Added "Ehlrers StochCCI" indicator of user @glaz
The Ehlrers StochCCI is a variation of Ehlers Stochastic RSI replaced with CCI.
The John Ehlers' article in August, 2006, "Modeling The Market = Building Trading Strategies," describes a process for extracting trend and cyclic elements from market data, then recombining them for trading purposes. He used the Stochastic RSI denoted the cyclic elements.
Added ability to show Dots when StochCCI Crosses.
Sell: fuchsia dots.
Buy: green dots.
Added alerts for (Buy / Sell) StochCCI. Alerts are Pre-Set to only Alert on Bar Close.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Hull Suite + Stoch RSI Strategy v1.1 This strategy uses Hull Suite with Stoch RSI
Uses Hull Suite as trend and only trades with the direction of the trend.
Entry conditions:
Hull Suite as a trend
Stoch RSI overbought for short entries & oversold for long entries
Current parameters works best on BINANCE:BNBBUSDPERP pair.
Stochastic OB/OS Zones HeatmapThe code is based on the Stochastic RSI Heatmap, but uses a normal Stochastic instead the Stochastic RSI when calculating "k" for more accuracy. Credit for the idea goes to Indicator-Jones.
The heatmap starts from the oversold (20) / overbought (80) levels respectively. The more oversold / overbought the price, the more intense the color (blue / fuchsia)
MTF Stochastic Zones w/ Candle and Swing Hi/Lo IndicatorsMTF Stochastic Zones w/ Candle and Swing Hi/Lo Indicators by // © KaizenTraderB
This indicator will display the Stochastic RSI as color zones utilizing 3 Timeframes of your choice as well as key reversal candles:
Entry Timeframe StochRSI Crossovers and Long Wick Reversal Candles (Hammer and Hanging Man) and Engulfing Candles
That correlate with Swing Highs and Lows.
When the higher timeframe is bullish it will be green and when bullish, red.
When the middle timeframe is counter the higher, it will appear brownish.
The entry timeframe will print Candle Labels and Swing Highs and Lows at bullish and bearish Stochastic RSI crossovers when oversold and overbought, respectively,
In the direction of the higher timeframe directional bias when the middle timeframe is counter that direction to catch reversals in corrections.
(It also prints Bull/Bear StochRSI Crossovers that correlated with Swing Highs and Lows that are not Hammers, Hanging Men or Engulfing Candles.)
The options allow you to turn the zones, swing highs and lows, candle indicators and entry StochRSI Crossovers on and off, as well as which Timeframes you choose to view.
Entry - 1Hr, 15m, 5m or 1m Middle Timeframe - Daily, 4Hr, 1Hr or 15m Higher Timeframe - Monthly, Weekly, Daily, 4Hr or 1Hr
You can change the Swing High and Low Lookback periods, as well as
The Stochastic RSI Lookback for each of the three timeframes and the level of Overbought and Oversold:
When 8 is chosen for RSI Lookback, Stochastic Lookback = 5, SmoothK = 3, Smooth D = 3 For 13 - 8, 5, 5 For 21 - 13, 8, 8 For 34 - 21, 13, 13
Its good practice to adjust settings so Higher Timeframe zones (green/red) correlate with longer trend movements,
Medium Timeframe with corrections and reversal areas (brown) and Entry Timeframe with key reversal candles.
For example, to adjust the Daily Higher Timeframe, turn the Higher Timeframe to Daily, turn off the others and bring up the Daily Chart.
Look at chart for last 200 bars or so and go through the different settings until you find the one that best correlates with recent past price action.
Do the same procedure for the Middle and Entry Timeframe. Once all the settings are how you prefer, view the Indicator on the Entry Timeframe to find trades.
Coding included to prevent repainting
Can be used in conjunction with the MTF Stochastic RSI w/ Zones which is displayed in the lower panel.
Need the same settings in both indicators for them to correlate or use different settings for different views,
Message me with feedback to improve upon this indicator or requested additions.
I will soon be releasing a Strategy based on this indicator!
MTF Stochastic RSI w/ ZonesMTF Stochastic RSI w/ Zones by // © KaizenTraderB
I revamped my original Stochastic RSI Band indicator with more accurate algorithms, cleaner coding and more adjustable options.
I will be soon releasing a variation of this indicator that prints over price chart with key candle indicators
This indicator will display the Stochastic RSI in 3 Timeframes of your choice.
It will also display color zones. When the higher timeframe is bullish it will be green and when bullish, red.
When the middle timeframe is counter the higher, it will appear brownish.
The entry timeframe will print red and green lines at bullish and bearish Stochastic RSI crossovers when oversold and overbought, respectively,
In the direction of the higher timeframe directional bias when the middle timeframe is counter that direction to catch reversals in corrections.
The options allow you to turn the lines and zones on and off, as well as which Timeframes you choose to view.
Entry - 1Hr, 15m, 5m Middle Timeframe - 1Hr, 4Hr, Daily Higher Timeframe - 4Hr, Daily, Weekly or Monthly
You can also change the parameters of the Stochastic RSI for each of the three timeframes:
When 8 is chosen for RSI Length, Stochastic Length - 5, SmoothK - 3, Smooth D - 3 For 13 - 8, 5, 5 For 21 - 13, 8, 8 For 34 - 21, 13, 13
Its good practice to adjust settings so Higher Timeframe zones (green/red) correlate with longer trend movements,
Medium Timeframe with corrections and reversal areas (brown) and Entry Timeframe with key reversal candles.
Look at chart for last 200 bars or so and find the settings that correlate with recent past price action and adjust accordingly.
Its also good practice to have the chart timeframe correlate with entry timeframe of indicator.
You can also adjust overbought and oversold areas.
Coding included to prevent repainting
Message me with feedback to improve upon this indicator or requested additions.
Stochastic RSI BandsStochastic RSI Bands by // © drbarry92064859
It is suggested to view this indicator on 15m or 5m timeframe with current Default Settings.
This indicator is based on the StochRsi.
It creates color bands based on the direction of multiple timeframe StochRsi.
When the MTF StochRsi's are opposed in direction it produces darker bands and when aligned in direction it produces light bands.
During Green Bands, price tends to be Bullish. During Red Bands, price tends to be Bearish.
During Medium toned Bands, price action tends to be in a correction in existing HTF trend, ranging, or getting ready for reversal.
During Light Bands, price tends to be in Trend in direction of color.
There is usually Dark Bands on either side of a light or medium toned band.
Best to enter in direction of current color, during the dark band after the medium toned bands
And exit in the dark band after the light toned band.
Brown bands tend to indicate reversal of direction and color.
I have experimented with all the timeframes and StochRSI settings and found the best settings to be as follows.
The Default settings are Middle Time Frame: 4H and Higher TimeFrame: D1.
The Default StochRSI settings are 34 RSI, 21 Stochastic, 13 smooth K and 13 smooth D.
It is suggested to use a lower timeframe such as 15m or 5m for entry.
You can experiment with different StochRSI and TimeFrame Settings.
SUGGESTED STRATEGY
Dark Bands after medium toned bands: Look for an entry on lower timeframe (15m or 5m) based on reversal candlestick formations or other indicators in direction of current color.
Light Bands: Do not enter during lighter bands. You should already be in trade during Light Bands
Light Band changes to Dark Band: Exit Trade if already in.
Look for general change of directional bias if a brown band occurs; however wait for dark band after the 2nd wide band following the brown band.
Stochastic RSI HeatmapStochastic RSI presented as a heatmap starting from the oversold (20) / overbought (80) levels respectively. The more oversold / overbought the price, the more intense the color (blue / fuchsia).
MTF Stochastic ScannerThis Stochastic scanner can be use to identify overbought and oversold of 10 symbols over multiple timeframes
it will give you a quick overview which pair is more overbough or more oversold and also signals tops and bottoms in the AVG row
light red/green cell = weak bearish (Stoch = 30-20) / bullish (Stoch = 70-80)
medium red/green cell = bearish (Stoch = 20-10) / bullish (Stoch = 80-90)
dark red/green cell = strong bearish (Stoch <= 10) / bullish (Stoch >= 90)
gray cell = neutral (Stoch = 30-70)
Usage
If AVG (average of all 4 timeframes) falls below 20, the cell will get green, indicating a good time to enter long (buy)
If AVG (average of all 4 timeframes) rises above 80, the cell will get red, indicating a good time to enter short (sell)
Use the "MTF Stochastic Scanner" in combination with the " MTF RSI Scanner "
to find tops (RSI MTF avg >=70 AND Stochastic MTF avg >= 80)
or bottoms (RSI MTF avg <= 30 AND Stochastic MTF avg <= 20)
Here is how the two MTF scanners looked on Nov 08 2021 (ATH) »
and here how the MTF scanners looked on June 21 2022
use TradingViews Replay function to check how it would have worked in the past and when not.
As always… there NOT a single indicator that can show to the top & bottom 100% every single time. So use with caution, with other indicators and/or deeper understanding of technicals analysis ☝️☝️☝️
Settings
You can change the timeframes, symbols, Stochastic settings, overbought/oversold levels and colors to your liking
Drag the table onto the price chart, if you want to use it as an overlay.
NOTE:
Because of the 4x10 security requests, it can take up to 1 minute for changed settings to take effect! Please be patient 🙃
If you have any idea on how to optimise the code, please feel free to share 🙏
*** Inspired by "Binance CHOP Dashboard" from @Cazimiro and "RSI MTF Table" from @mobester16 ***
Indicator Direction Table With Bullish & Bearish LabelsINDICATOR DIRECTION TABLE WITH BULLISH AND BEARISH LABELS
This is a table that shows the bullish, bearish or neutral trend for nine different popular indicators. Each indicator label will change color in real time to make you aware of each change in direction. This way you don’t have to read and analyze a bunch of different indicators constantly and you can focus on price action instead.
Look for the entire table to turn green or red before taking positions.
You can also set alerts for when the entire table of indicators is bullish or bearish.
The indicator settings allow customization of indicator lengths & values, table position and turning the indicator table on or off.
The length and other values for each indicator can be customized to suit your preferences, but by default all of them are set to the normal default settings that Tradingview supplies the indicators with. Typically 14 as the length.
The indicators used in this table are as follows:
MACD - Moving Average Convergence Divergence
Stochastic RSI - Stochastic Relative Strength Index
Vortex - Vortex Indicator
Momentum - Momentum Indicator
RSI - Relative Strength Index
PSAR - Parabolic Stop & Reverse
DMI - Directional Movement Index
MFI - Money Flow Index
Fisher - Fisher Transform Price Action
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This indicator table can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index + Fisher Price Action, Volume Profile With Buy & Sell Pressure, Auto Support And Resistance and Money Flow Index in combination with this indicator direction table. They all have unique features to help you make better and faster trading decisions.
QQE / RSIA indicator which combines the QQE indicator, which is a momentum based indicator to determine trend and sideways.
The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index ( RSI ) indicator. QQE expands on RSI by adding two volatility based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving Average True Range (ATR). These ATR lines are smoothed making this indicator less susceptible to short term volatility .
Along with it, i integrated the RSI indicator so both can be monitored simultaneously on one indicator.
This script had been inspired by Mihkel00 so go check him out.
The indicator is shown on the chart as columns, and the other "hidden" in the background which also has a 50 MA bollinger band acting as a zero line.
When both of them agree - you get a bullish or bearish bar
Relative Strength Index - Divergences, Stoch, Reverse StochThis is aggregation of RSI indicators - RSI, Divergences, Reverse & Stochastic RSI
Thanks to ©JayTradingCharts and ©mohanee for the RSI Divergences code
Thanks to BApig - Motgench, balipour and Wugamlo for the reverse stoch code
Changes:
1. Add option to calc divs based on close or wicks or both (RSI is close based)
2. Add pivots (marking local high/low)
3. Update to Pine v5
4. Cleanup of unused code
CA - Indicators ColorsThe following indicator help to have an idea of the current state of the MACD and FullStochastic in 1 hour and 1 day. If you are a trader that is regularly using stochastics and macd indicator and don't have enough space in you screen this might help to increase the space in your screen.
Parameters used on MACD: 12, 26,9
Parameters used on Stochastics: 14,5,5
The whole idea of the indicator is if you see an entry for a long position, you can confirm that a higher timeframe its aligned by both indicators and if you are seeing an entry for a short position you can confirm with a higher timeframe.
This indicator doesn't provide an entry or exit signal, but lets you verify where is the trend going in those timeframes so it helps you decide to make the trade.
Stochastic
Green: going up
Red: going down
Macd
Green: going up
Light Green: previous was green and going down.
Red: going down
Light Red: previous was red and going up
Keep in mind, the colors are going to get updated as long as the market is active.
Any feedback its appreciated.
SAR+RSI+EMAs SignalsNOTE:
Indicator based strategies may expire and begin to work again. There are various ways to check the expiration of these strategies but I suggest equity curve trading (EC trading) as the best one.
Please check every single indicator based strategy to see if it’s still profitable or it has been expired to avoid losses.
Principles:
I personally believe every profitable indicator-based setup need 3 factors. Actually I analyze indicator-based set up in this way!
1- Trend detector: a tool that detect the “trend”.
2- Oscillators (Discount finder): a tool that detects “discounts” in the direction of the trend.
3- Stimulus: A tool that indicates the Initiation of a movement.
There may be profitable strategies that do not use all three, because other factors are strong enough to lead us to profit, but they are rare and sometimes they hide the other forgotten factor in the main two ones.
Elements:
(Since most of traders here, are familiar with these famous indicators I will not take your time to write about their uses and formula)
SAR: As a Trend detector, regarding position of close and SAR
EMA 7 and EMA 21: As trend detectors, regarding position of EMA 7 as fast “moving average” and EMA 21 as slow one. Also we need another confirmation for trend regarding EMA 7 and closing price of the signal candle.
RSI: In this strategy RSI is used both as a discount finder and a stimulus.
For RSI being over/under 50, regarding the trend, a possible discount may have been occurred. Imagine these conditions: close>EMA7, EMA7>EMA21, close>SAR and simultaneously RSI being under 50 is really a sign of powerful uptrend which it’s RSI decreasing might be a sign of corrective move, which will be following a bullish impulsive move.
The other use of RSI is to stimulate a buy signal by “crossing” over 50 or 30 (50 as balanced point of momentum and 30 as a sign of ending an oversold) or stimulate a sell signal by “crossing” under 50 or 70 (50 as balanced point of momentum and 70 as a sign of ending an overbought).
Entry point: you can use one of the followings.
1- Open of the next candle
2- EMA 7
3- Open of the signal candle
(Totally optional but “open of the next candle” is suggested by me.)
SL: Use one of the followings.
1- SAR or some pips (regarding ATR Or your experience of this trading instrument’s fluctuations in this time frame) below the SAR
2- Fixed amount (regarding ATR Or your experience of this trading instrument’s fluctuations in this time frame)
3- Use EMA21 as dynamic SL (if a candle far enough from the initiative candle close over (for sell) below ( for buy)
Again number 1 is suggested by me.
TP: Use one of the followings.
1- Use static levels or zones of support and resistance as TP.
2- Use dynamic levels for instance band of BB or moving averages (Moving the SL is possible).
3- Use fixed R to R
And I believe static zones of support and resistance work better.
Examples:
I indicate a buy signal on the chart!
Using local level as TP worked just good.
Using EMA was better in this case.
And using a riskier level or a fixed R to R is obvious in the chart!
Since in the range markets, this strategy may not work well and at the same time, TP to SL might be too small to be worth the risk, I prefer to use levels to filter range market conditions!
I convert all those circumstances to a simple buy and sell signs on the chart!
EMA21 and SAR are still visible because it is possible that traders use them for their TP and SL.
This is how it look without EMA21 and SAR!
Another screenshot of this strategy!
I also add a check box to filter signals by another trend detector. MATD created by me to help traders detect trend!
As it’s visible, some profitable signals filtered too, but using a longer-term trend detector as an additional one, alongside the double EMAs is very useful for this strategy.
The other box “use high&low instead of close for fast EMA” makes the “EMA7 and close” trend detector an easygoing one!
Almost everything is editable here!
*** I did not invent this strategy, you can find it for free on net ***
I'll change it to a "strategy" instead of an indicator if reader like to!
Madrid Bull Bear SentimentThis is an upgrade from Pinescript 1.0 published on April 2016 to Pinescript 5.0
3 Indicator Strategy (StochRSI, MFI & EMA) With Safety OrdersThis strategy uses Stochastic RSI, Money Flow Index and EMA with settings for lower time-frames.
It also features safety orders based on 3 different take profit and stop loss methods.
Recommended Indicator Settings for lower time-frames;
Stoch RSI: 1,1,100,100
MFI: 30
EMA: 100
Take Profit/Stop Loss Settings:
There are 3 TP/SL types available;
- Pips -> based on minticks
- Base Value -> manually entering a value for the actual profit/loss.
- Opposite Signal -> e.g. if the current open order is long, strategy waits for the next short signal.
Relative Volume Strength Index (MZ RVSI)INTRODUCTION
Volume always plays a role of key indication for price movements and momentum and I always found the same problem with all available volume oscillators and indicators which is that their data is always in compounded form that can’t be easily used in raw form as a parameter in many strategies.
This indicator uses raw volume data from one of following oscillators:
TFS Volume Oscillator
On Balance Volume
Klinger Volume Oscillator
Cumulative Volume Oscillator
Volume Zone Oscillator
Then this data goes through the following process of noise filtration:
Hull Moving Average of input data to reduce noise
Relative Strength Index of HMA
Hull Moving Average of RSI to reduce noise for finalized RVSI
ADDITIONAL FEATURES
Heiken-Ashi: Heiken-Ashi values are optional to use in calculations and I’ve set them to default as I found good results with them.
Slope for Trend Detection: Slope of finalized RVSI is calculated in order to check volume trend direction. Another additional feature of Volume breakouts is also added which is used in dynamic coloring of RVSI. Dynamic color indications are as follows.
Green Color:
Strong Volume Uptrend above volume breakout point
Fuchsia Color:
Weak Volume Uptrend below volume breakout point but slope supported
Red Color:
Strong Volume Downtrend below volume breakout point
Gray Color:
Weak Volume Downtrend above volume breakout point but slope supported
Yellow Color:
Possible trend reversal as slope is flat.
DEFAULTS SETTINGS
Volume length is 30 (Better for timeframes higher than 1H)
Hull Moving Average and RSI length is set to 14
ADDITIONAL APPLICATIONS
This indicator can be used as divergence detection tool for volume same way as RSI is used for price divergence. I’ll soon add divergence signals inside the code and this code can be used in multiple ways as volume breakout indication in strategies for better results.
Stochastic RSI rainbow in fibonacci sequence using VWMAThe standard stochastic RSI gives limited information as it only contains two reference lines. This Stochastic RSI rainbow contains more lines in shorter timeframes and progressively fewer as the reference time increase. This is done in a FIB sequence 2,3,8,13,21,34,55.... The shorter timeframes are more reactive to current market conditions indicating recent price action and the longer lines represent more significant periods of time. The indicator uses VWMA for its calculations (volume weighted moving average)
HOW TO USE THIS INDICATOR:
When multiple lines are above, either 70 or 80, you can consider the commodity overbought, or OB. The more lines that are above the threshhold, the more significant the signal. The same is true in inverse. In addition, you can use each cross to signify a buy/sell signal according to the type and quantity of trading you are doing. If you are looking to get in and out quickly you can use the lower timeframe signals.
OPTIONS:
You can change what data is used for the VWMA calculation... Of course, you can select colors and other properties as well.
Multi-timeframe Stochastic RSIThe multi-timeframe stochastic RSI utilizes stochastic RSI signals from 11 different time-frames to indicate whether overbought/oversold signals are in agreement or not across time-frames. Ideally traders should enter and exit when conditions are in agreement as indicated by the intensity of the long (green) or short (red) bands at the top and bottom of the indicator. The intensity of the bands indicates how many of the time-frames are currently overbought/oversold.
MZ SRSI Strategy V1.0Strategy Introduction
This strategy starts from selection of 1st Moving Average from one of following:
SMA
EMA
DEMA
TEMA
LRC
WMA
MF
VAMA
TMA
HMA
JMA
Kijun v2
EDSMA
McGinley
Then it calculates the RSI of selected 1st Moving Average
In the end it calculates Moving Average of previously calculated RSI and for this purpose 2nd Moving Average is also selected from above list.
Cross of RSI and its Moving Average generates Strategy Alerts
Only long trades are enabled currently
Default Settings
I've set the default selection to the perfect options for 1D and 4h timeframes. You can modify both MAs selection and their length according to your selected timeframe.
Following default settings are used:
Heiken Ashi Candles are selected by default as source
1st Moving Average selection is set to LRC (Linear Regression Curve)
Length of 1st Moving Average is set to 50
RSI length is set to 2 because it is supposed to be fast
2nd Moving Average of RSI is set to TMA (Triangular Moving Average)
Length of 1st Moving Average is set to 5
Start date is set to 2011
Backtesting can also be done selecting %age of equity
Suggestions for Usage
Mostly winning trades have no prominent drawdown so losing trades can be abolished with Stoploss. Would soon add Stoploss, MTF and Takeprofit options in next version. Also if you want an alerts version of it then just comment below and would publish it later. I’ve found this strategy useful on 1D and 4h timeframes with described default settings.