This is a symmetrical algorithm designed only for trading EUR/USD on the 1h time frame. For other currency pairs and time frames, you need to re-calibrate the RSI-EMAs as well as the profit targets and stop losses.
Initial equity = $100,000 (no leverage)
Order size = 100% of equity
Pyramiding = disabled
Tenkan Kijun cross alert, best used alongside a Volume indicator to help aid with finding those trend continuation patterns.
I prefer to use the Chaikin Money Flow, when it indicates and holds above the 0 line then you will bias Longs, and when below then you will Bias shorts
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Behold! A strategy that makes use of Ehlers research into the field of signal processing and wins so consistently, on multiple time frames AND on multiple currency pairs.
The Adaptive Zero Lag EMA (AZLEMA) is based on an informative report by Ehlers and Ric .
I've modified it by using Cosine IFM, a method by Ehlers on determining the dominant cycle period without...
This is my latest bandpass filter - used to determine if a security is in a trend or cycle.
Now with an adaptive period setting! I use Ehlers in-phase & quadrature dominant cycle measurement (IQ IFM) method to set the period dynamically.
This method favors longer periods which tend to produce smoother, albeit laggier bandpass oscillator plots. From my quick tests,...
This gives you the ability to track multiple tickers correlation aspects compared to the ticker you are currently viewing.
You can plot the background color and also shapes above the candles.
I personally only see the use of negative correlation to be of much use as most moves that have a heavy negative correlation with other largecaps are likely to get faded by...
It is used to detect volume resistors in a personalized way, since it allows the user to enter the volume in which he wishes the resistance to jump automatically.
It does not mark the black line and the graphic that's just to help understand how it works
in the above image can see the indicator works on 30 minutes chart...
A while ago, we wrote* about the usefulness of using a currency strength meter and how you can build one from scratch.
See here: www.globalprime.com.au
Now we've taken this little project to the next level by visually spotting, via color signals in a dashboard and alerts, when a...
v1 Big Shadow candles based on "How Naked Trading Works" video by Walter Peters: https://youtu created by AlistarElvis
v2 Bugfix calculation largest candle, added parameter for alternative calculation largest candle
The signal comes from the "RailRoad" candlestick pattern breaking a support/resistance level, which typically indicates price will respect that level.
How consistent is the pattern? Hard to say considering candlestick patterns vary wildly by % change between different securities.
I didn't implement any kind of "fuzzy logic" for this strategy, though it would...
Updated Code That Highlights Bars Based On Days Of The Week.
Works On Daily and Intra-Day Bars.
Works on All Instruments. Stocks, Forex, Futures, Bitcoin.
Shows Correct Trading Sessions!!!
Ability to Turn On/Off Each Day Of The Week via Inputs Panel.
This script is called GMAE Original by me (Kevin Manrrique). I'm publishing this to the public because we are all traders and we need to support each other as a TVcommunity. This is something I built for fun. This script uses a series of EMA's. NO REPAINT, NO LAGGING! It works better for short-term trends as you can see. Please leave the copyright on the script at...
Version 1.1 is here!
This is an indicator for the Big Shadow (engulfing candle) that Walter Peters teaches in his course (fxjake.com) and book "Naked Forex". I have really been diving into this one and back testing it like crazy. The results have been great and I will be publishing them on the nakedforexnow.com forum soon since it probably isn't appropriate to do...
Combined the RSI inverse of gold to USD with the Dollar index (or whatever stock symbol that may be inverted/complementary) with another asset/currency, like bitcoin, you can basically be well informed when a potential move is on the horizon. Settings allow for inverse settings and de-combining the two pairs as well as a nice cloud look if all the lines get annoying.
Different version of the CM one but everything is configurable and easy to manage.
Daylight savings may also be toggled, I cannot automatically toggle it yet but hopefully with a pine update I will be able to.
It had the four main sessions but version two could possibly have all of them as optional toggles
Hope it is useful
Magic Moving Averages! is an indicator that comes standard in many forex trading platforms, and now on Tradingview designed for comfortable readability! It incorporates a series of simple moving averages plotted together with increasing periods. Finding a good trade with this is easily found with a set of rules. I took a course with Alex du Plooy on these rules...
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