// Custom Vortex Strategy (backtester) // Custom version of the Vortex indicators that adds many features: // -Triggers trades after a threshold is reached instead of the normal vortex lines cross (once the difference between the 2 lines is important enough) // -Smooths the Vortex lines with an EMA // -Adds Take Profit and Stop Loss selection // -Adds the...
This is a very basic, but powerful script. It gives you the ratio between the rate of change of the last x days and the average true range of the last y days. ---> ROC-ATR Ratio = ROC/ATR Therefore, you can see how much the price has moved relative to the prices in the past. This is important because (in my opinion) the basic ROC indicator is not very...
This indicator combines the Supertrend (to determine the main trend direction) with two Keltner channels (used for add and take profit signals) to construct a trend trading system. These are the available settings: General UseTrendChange ➞ toggle trend change alerts and labels UseAdds ➞ toggle add to position alerts and labels UseTakeProfits ➞ toggle...
This strategy will enter into a position when price volatility is relative high, betting that price will subsequently trend in a favourable direction. Hypothesis : During periods of high price volatility, ATR will divert from its moving average by at least +/- one standard deviation. Eventually, ATR will revert back to the mean. However, just knowing the...
Some pairs have their own distinct behavior. That includes volatility, news reactiveness, trend x chop day discrepancy, and other qualities. At first, I tried to measure this with the Choppiness Index, but it looks pretty much alike when you compare symbols like EURNZD and GBPCAD, but my testing shows some major behavioral differences between the two. Hence, I...
Wavy Tunnel + Trend ATR Buy Sell Signal by PaRn Originality by PaRn First Combination of Wavy Tunnel + Trend ATR Buy Sell Signal by PaRn "Buy Sell Signal" is base on Volatility Stop 20, Multiplier 2.5 "Trend Signal" is based on EMA crossover between EMA12(Close) and EMA26(Close) Take Profit Line is EMA15(Default) Wavy line Base on EMA34(high,close,low) Tunnel...
This is an educational script created to demonstrate few basic building blocks of a trend based strategy and how to achieve different entry and exit types. My initial intention was to create a comprehensive strategy template which covers all the aspects of strategy. But, ended up creating fully fledged strategy based on trend following. This is an enhancement on ...
This strategy will enter into long position when (a) current volume is above the average volume, and when (b) volatility of prices (based on ATR) is relatively low. Backtested on hourly timeframes, win rates range between 35% to 50% on stocks with positive drifts (i.e. tendency to move upwards). Default setups are as follows: - Average volume is computed using...
This script helps navigate the bullish altcoin market and find the optimal entry points with pre-calculated stop orders. Trade entry is indicated by a gray plate, the stop order level is indicated by a green line. The stop order level must be moved behind the trade until a plate with the result of the trade appears (green - profit, red - loss). The script works...
Ticker Summary provides at-a-glance summary information about a ticker near the current bar on the chart: P/E ratio Fwd P/E ratio PEG ratio Floating shares vs. total shares outstanding % of trading volume that was short over the last 3 days Average True Range (ATR) over last 14 days There are a few less common items of information: How many ATR multiples the ATR...
Before I begin I want to mention: 1. This is an indicator specially made for NNFX traders who use the ATR rule of ATR1x for Take Profit and ATR1.5x for Stop Loss 2. It is a product of combining the in-built ATR and Dillon Grech's ATR () The indicator: 1. It can be used for a quick look using the lines to see instead of calculating whether price hit a TP or SL....
This script is using Average True Range (ATR) and works very well on the Bitcoin 4 hour timeframe to determine when to stop and start your bots. It has a very similar visual to the EMA RSI Indicator found here: This 'ATR Start & Stop Bot' is better because it has less confusion during sideways market movement. As an example - You are using 3commas and have a...
Here it is, as promised, supertrend based on Zigzag candles. Earlier scripts on the Zigzag Candles expedition are here: Zigzag-Candles Zigzag-Candles-MA Zigzag candles parameters Length and CandleSize remain as is. Along with this, we also add MALength and AtrMult to calculate ATR based on the new candles and to use it to derive supertrend. ...
Very much similar to : I have slightly changed code to accommodate multiple zigzags. Also removed possibility of external source to keep it simple. Indicator shows 2 Level zigzag based supertrends. Second zigzag used is multi level zigzag and hence, this acts as higher timeframe filter and can be considered as overall trend bias.
Strategy: Finding entry using pullback or Buy On Dip method. This indicator using EMA line and ATR strategy to find best entry. EMA line consist of : EMA 20, EMA 50 and EMA 90. Entry signal when candle rebound on EMA line and rocket signal appeared. Exit when "SL" signal appeared.
Based on the ANNE EA v3 for MT4. For use on FOREX. if ATR is greater than ATR average taken from last 5 candles, then market considered as trending, and so Open(0)>Close(1)=buy Open(0)Close(1)=sell Open(0)<Close(1)=buy. If trending, then buy high & sell low, if consolidation then buy low sell high. Exit is by trail and Take Profit. PM me for edit or MT4 version info.
Riding along the Super Trend - Super Trend Bullish candle (STBullCandle) is a candle where low is lower than supertrend and close is greater than super trend. Conditions for going Long - 1. High of current candle should be higher than high of STBullCandle. 2. We can consider 1 or 2 candles after the STBullCandle for this condition. 3. If filterRsi is...
Here is an attempt calculate Average Zigzag Range (AZR). This can be used similar to ATR. Using AZR instead of ATR for trailing stop calculation may yield better outcome in trend trading. Logic is simple. Calculate zigzag based on ZigzagLength Calculate distance between each zigzag pivots Calculate simple moving average of last MALength pivots Use ...