Many traders spend a lot of time to create algorithms full of unrealistic and far from reality indicators and market conditions. With this script I want to help traders understand the advantage of the Pine language. Using indicators with no statistical foundation and creating algorithms with technical indicators and thousands of conditions is not always the right...
I suppose nothing drives a point home like a 10+ year backtest! A couple of weeks ago I published a custom indicator called the Cumulative RSI. This indicator was straight out of chapter 9 of "Short Term Trading Strategies That Work." Today I am publishing a basic sample strategy in that uses the Cumulative RSI as its only entry and exit signals on a Nasdaq 100...
Have you always wanted the ultimate MOMO buying script? Well here you go, KC stacked on top of one another. As Trump would say, ENJOY!
Here's a modern take on the famous DMI/ADX. i first wrote this on another platform few years ago, so i'm happy to be able to share it on TradingView quick refresher: what does DMI/ADX tell us: ------------------------------------------------------ in simple terms, at the core of this indicator, there are 3 main calculations / lines: the Plus Directional Index (...
This is a simple example of how you can compile your own strategy This script contains the code for alerts and for backtesting. In order to use the backtester, comment out the sections to be used for signals, and comment in the sections to be used on the back tester, and visa versa for using the script for alerts in order to automate your own bot.
This is a script to call resolutions with some math on top of your base resolution. Using the modulo operator to quantize integer values, it works by converting the modified resolution integer to a 4 digit string value. Use the function within your own scripts to call funny resolutions otherwise difficult to calculate. You cannot add series expressions to...
This is a script to call resolutions with some math on top of your base resolution. THIS IS NOT AN INDICATOR TO USE ON A CHART!!! The resolution call function is really useful for your own scripting ideas! Using the modulo operator to quantize integer values, it works by converting the modified resolution integer to a 4 digit string value. The function...
Here you can have 4 EMA on one indicator. The inputs are for 8, 13, 21 and 55 previous open&close which are from Fibonacci sequence. How to : To use the script, click on "Add to Favourite Scripts", then load the script from Indicators on the Chart.
I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors and its average change is measured over a predetermined period of time. The result is displayed as a percentage. I use it for trend following but it can also be used to fade...
Update version with legend on data window and new colors on the squeeze mom idicator
Intraday 5+ min indicator/strategy. Mix of indicator as BB, Ema , Roc , adx/dmi with buy and TP/SL point. All in 1 indicator easy to use . Just look the color chnge and the shape add the the bars
This is only a slight modification to the existing "MACD Strategy" strategy plugin! found the default MACD strategy to be lacking, although impressive for its simplicity. I added "year>2014" to the IF buy/sell conditions so it will only backtest from 2015 and beyond ** . I also had a problem with the standard MACD trading late, per se. To that end I modified the...
This is a no-volume version of Vervoort's SVAPO. The original version is @ Since it doesn't include volume in its calculations, you can use this on FX. More info on SVAPO: More info: stocata.org stocata.org BTW, this is my 150th script. Plenty more to come, my to-publish queue is still full of new stuff :) For a complete list of my other indicators, do...
This indicator takes market volume and organizes it into wave charts, clearly highlighting inflection points and regions of supply/demand. Try tuning this for your instrument (Forex not supported) by adjusting the "Trend Detection Length". This "clubs together" minor waves. If you like an oscillator-kind-of display, enable "ShowDistributionBelowZero" option....
RSI bands provide an intuitive way of visualizing how the price movement causes RSI to move with in its range (0-100). Upper/Lower bands signify overbought and oversold levels respectively (Default: 70/30, you can customize them via options page). These bands closely match what Constance Brown explains in her book "Technical Analysis for the Trading Professional"....
The PSO, developed by Lee Leibfarth, is a rewired version of a short-period stochastic. This provides a quick response to changes in market direction. This highly sensitive indicator allows for early anticipation of price turns and can be used to establish definitive trading zones that identify potential trading opportunities. Rules as suggested by Mr.Lee: For...