Real Price for Heikin Ashi ChartsThe indicator is in the top left of the screen! That's all there is, by design.
This is a super simple indicator that allows you to see what the real price of a candle was when using Heikin Ashi charts, while not cluttering up your screen.
HA charts are a great way to help those who can be spooked by the chaos of the markets (I'm one!), but they have a big drawback in that the price you see on a HA candle is often significantly different from the real price that you would trade on. This brings issues of unrealistic expectations of profits/losses, and also makes back testing a strategy very difficult. I still wouldn't recommend ever using TradingView's "strategy" tool when using HA charts, but using this indicator you can do accurate manual back tests.
There's nothing plotted on the screen given that there's no real point in it, but you can make the lines appear if you wish - just go into settings and change the transparency.
The order of the numbers on the indicator match the OHLC (Open, High, Low, Close) format.
There's also settings to turn off one or more of the OHLC values, simply open the settings and go to Inputs. This could be useful for some people, as the High and Low values of HA candles are the same as regular candles. Only the Open and Close are different.
Any queries let me know.
DreamsDefined
Strategy!
Complete Trend Trading System [Fhenry0331]This system was designed for the beginner trader to make money swing trading. Your losses will be small and your gains will be mostly large. You will show consistent profit. Period.
The system works on any security you like to trade. I used GBPUSD as an example because of the up swing and down swing it had recently. I tried to put as much information of how the system works in the chart. Hope it helps and is not to cluttered.
I will reiterate how the system works here: Everything is based off of closed price.
Legend
Uptrend: Buy
Green bar: initial start of an uptrend or uptrend continuing. Place order above that bar. If the initial bar does not stray too far from the MVWAP , I will place orders above subsequent bars if no filled occurred.
If initial start of the trend is missed, I will wait for the pullback. A pullback is a close below the MVWAP, and a close above the EMA (Low), RSI is above 50. Orders are placed above the pullback bars with plotted char "B" and also plotted green triangle up. Again orders are placed above those bars. the bars do not notate automatic buys. Don't chase anything. You will miss the initial bar on something because of news or earnings and it rocket up. Just wait, it will pullback. If it doesn't, to hell with it, on to the next.
Take profits: In the indicator you will see "T." That notates to take some profits. It is a suggestion. I was always told to take profits into spikes, as well as you can never lose money if you take profits. Up to you if you want to scale out and take the suggested profits or not.
Exit Completely: In an uptrend, close your entire position on bars colored yellow or red. (Again, closed bars)
In uptrend bars colored orange and black, do nothing, they are just pullback bars. Look for the buy pullback signal, then follow pullback buy rules for an uptrend.
Downtrend: Short
Red bar: initial start of a downtrend or downtrend continuing. Place order below the bar. If the initial bar does not stray too far fro the MVWAP, place orders below subsequent bars.
If initial start on the downtrend is missed, wait for the pullback. A pullback is a close above the MVWAP, and close below the EMA(Low). RSI is below 50. Orders are placed below the pullback bars with the plotted char "S" and also plotted red triangle. Again those bars are not automatic shorts, orders are placed below them. Don't chase anything. Wait for price to come into your plan. The idea FOMO is the stupidest thing ever, how can you miss out on something when it is always there. The market is always there and something will come into your zone. Chill.
"T": same as in uptrend, suggestion to take some profits.
Exit Completely: In a downtrend, close your entire position on bars colored orange or green.
In downtrend you will see bars colored yellow and black, do nothing, they are pullback bars. Look for the pullback short signal and follow pullback short rules.
If you have any questions get at me. Take a look at it on what you trade. Flip it through different securities.
Best of luck in all you do.
P.S. You should not take a trade right before earnings. You should also exit a trade right before earnings.
Absolute Price Oscillator (APO) Strategy 2.0 The Absolute Price Oscillator displays the difference between two exponential
moving averages of a security's price and is expressed as an absolute value.
How this indicator works
APO crossing above zero is considered bullish, while crossing below zero is bearish.
A positive indicator value indicates an upward movement, while negative readings
signal a downward trend.
Divergences form when a new high or low in price is not confirmed by the Absolute Price
Oscillator (APO). A bullish divergence forms when price make a lower low, but the APO
forms a higher low. This indicates less downward momentum that could foreshadow a bullish
reversal. A bearish divergence forms when price makes a higher high, but the APO forms a
lower high. This shows less upward momentum that could foreshadow a bearish reversal.
WARNING:
- This script to change bars colors.
Bandpass Filter Strategy ver 2.0 The related article is copyrighted material from
Stocks & Commodities Mar 2010
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
WARNING:
- This script to change bars colors.
Market Facilitation Index (MFI) Strategy The Market Facilitation Index is an indicator that relates price range to
volume and measures the efficency of price movement. Use the indicator to
determine if the market is trending. If the Market Facilitation Index increased,
then the market is facilitating trade and is more efficient, implying that the
market is trending. If the Market Facilitation Index decreased, then the market
is becoming less efficient, which may indicate a trading range is developing that
may be a trend reversal.
WARNING:
- This script to change bars colors.
Keltner Channel Strategy The Keltner Channel, a classic indicator
of technical analysis developed by Chester Keltner in 1960.
The indicator is a bit like Bollinger Bands and Envelopes.
WARNING:
- This script to change bars colors.
Woodie Pivot Points Strategy Simply input the vales of the high, low and closing price of the previous
period to calculate the Woodie pivot point and the associated resistance
and support levels for the present period.
WARNING:
- This script to change bars colors.
Volatility Strategy The Volatility function measures the market volatility by plotting a
smoothed average of the True Range. It returns an average of the TrueRange
over a specific number of bars, giving higher weight to the TrueRange of
the most recent bar.
WARNING:
- This script to change bars colors.
TFS: MBO Strategy MBO indicator is the third component of TFS trading system. This indicator
was developed by Bryan Strain and Mark Whitley.
The idea of MBO is similar to moving average convergence/divergence (MACD)
indicator. It is calculated by subtracting the 200-day moving average from
the 25-day moving average.
WARNING:
- This script to change bars colors.
TEMA1 Strategy This study plots the TEMA1 indicator. TEMA1 ia s triple MA (Moving Average),
and is calculated as 3*MA - (3*MA(MA)) + (MA(MA(MA)))
WARNING:
- This script to change bars colors.
Moving average cloud strategyHi folks!
Here a script uses the moving average cloud. A sma (50, aqua) and a sma (200, olive) are plotted on the cart. When both sma go up the cloud is green. When both sma go down the cloud is red. When sma (200, olive) goes down and sma (50, aqua) goes up the cloud is orange. When sma (200, olive) goes up and sma (50, aqua) goes down the cloud is lime.
There three entry points in this strategy.
Long
Aggressive: When the cloud turns orange and price closes above the sma (200).
Neutral: When the both sma make the golden cross.
Cautious: When the cloud is green and price closes sma (200) after searching for support. So not when there's a great distance between them.
In case you missed the entry point you can jump in when price CLOSES above sma (50). So after it searched for support on that line. The cloud has to be green at that moment.
Short
Aggressive: When the cloud turns lime and price CLOSES below the sma (200).
Neutral: When the both sma make the death cross.
Cautious: When the cloud is green and price is above the sma (200).
In case you missed the entry point you can jump in when price CLOSES above sma (50). So after it searched for support on that line.
There are also two exit points in this strategy.
Cautious: When price closes on the other side of the sma (50).
Neutral: When the cloud changes color.
Aggressive: When price closes on the other side of the sma (200). There's always the opportunity that the price searches for support at the sma (200) line and goes from that moment in the direction you want.
Don't wait for the cross of the both sma. Very usually you give a huge part of your profit away at that point.
Remember: Above the cloud is bullish area, never go short there. Below the cloud is bearish area, never go long there.
Remember 2: When the clouds changes rapidly from color we're not in a trend. The sma (200) will be almost flat at those situations. It's a sign not to go into a trade since the market doesn't know in which direction it will go.
Smart Money Index (SMI) Strategy Attention:
If you would to use this indicator on the ES, you should have intraday data 60min in your account.
Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment.
The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns.
The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day
because of the overnight news and economic data. There is also a lot of buying on market orders and short covering at the opening.
Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance.
Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated
for many markets and market indices (S&P 500, DJIA, etc.)
The SMI sends no clear signal whether the market is bullish or bearish. There are also no fixed absolute or relative readings signaling
about the trend. Traders need to look at the SMI dynamics relative to that of the market. If, for example, SMI rises sharply when the
market falls, this fact would mean that smart money is buying, and the market is to revert to an uptrend soon. The opposite situation
is also true. A rapidly falling SMI during a bullish market means that smart money is selling and that market is to revert to a downtrend
soon. The SMI is, therefore, a trend-based indicator.
Some analysts use the smart money index to claim that precious metals such as gold will continually maintain value in the future.
WARNING:
- This script to change bars colors.
Percent difference between price and MA Strategy Percent difference between price and MA Strategy
WARNING:
- This script to change bars colors.
Percent change bar chart Strategy This histogram displays price or % change from previous bar.
WARNING:
- This script to change bars colors.
Modified Price-Volume Trend Strategy The related article is copyrighted material from
Stocks & Commodities.
Strategy by HPotter.
WARNING:
- This script to change bars colors.
Last High and Low Level Strategy This script shows a high and low period value.
SelectPeriod - Day or Week or Month and etc.
LookBackPeriods - Shift levels 0 - current period, 1 - previous and etc.
WARNING:
- This script to change bars colors
CM_Ultimate_MA_MTF_V2 with Alert Long and Short Hello All,
Here is a scirpt of ChrisMoody modified with the alerts of purchases and sales.
I just have a problem with automation. At the bottom of my script my alerts "Buy1" and "Sell2" give alerts constantly and I wish to have a single alert before the order is completed. Before "Sell1" or Buy2 ".
I found the function "barstate.isfirst" that could possibly work?
Does anyone have an idea ? :)
High and Low Levels Strategy This script shows a high and low period value.
Width - width of lines
SelectPeriod - Day or Week or Month and etc.
LookBack - Shift levels 0 - current period, 1 - previous and etc.
WARNING:
- This script to change bars colors.
Free Trend Lines Tool/IndicatorI don't trade much with trend lines, but I was bored so made this hopefully someone will make use of it or program a strategy with it or something like that. It finds the highs and lows, works out the distance in time and price, then uses that to calculate the angle of the trend which can be used to pain the trend line. If you have any questions on how to implement it into a strategy feel free to ask. It is written in quite a messy wayt so sorry about that.
Floor Pivot Points Strategy The name ‘Floor-Trader Pivot,’ came from the fact that Pivot points can
be calculated quickly, on the fly using price data from the previous day
as an input. Although time-frames of less than a day can be used, Pivots are
commonly plotted on the Daily Chart; using price data from the previous day’s
trading activity.
WARNING:
- This script to change bars colors.
Finite Volume Elements (FVE) Strategy The FVE is a pure volume indicator. Unlike most of the other indicators
(except OBV), price change doesn?t come into the equation for the FVE (price
is not multiplied by volume), but is only used to determine whether money is
flowing in or out of the stock. This is contrary to the current trend in the
design of modern money flow indicators. The author decided against a price-volume
indicator for the following reasons:
- A pure volume indicator has more power to contradict.
- The number of buyers or sellers (which is assessed by volume) will be the same,
regardless of the price fluctuation.
- Price-volume indicators tend to spike excessively at breakouts or breakdowns.
WARNING:
- This script to change bars colors.