This script is written in Pine Script and is designed to be run on the TradingView trading platform. It is an advanced technical analysis indicator that utilizes various methods and indicators to generate trading signals based on a Volume Spread Analysis (VSA) approach. Here's a detailed breakdown of its functionalities: ### Customizable Parameters: 1....
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!
Naked Forex Big Shadow Indicator for TradingView Big Shadow Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities, and Cryptos. When you have a Big Shadow on your chart then this is a strong signal meaning that you might be ahead of a reversal. You can take other elements (momentum, trend, volatility, price action,...
Engulfing Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Engulfing Bar indicator is an enhanced pattern of the popular Engulfing Bar to keep only the best patterns produced in the market. The strategy that comes with the Engulfing Bar is based on price action. Inputs of the indicator are:...
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 (...
Hello World, Today I am bringing you a Parabolic Stop and Reverse Strategy that uses a 5% trailing stop loss. Tested the strategy on the 1D timeframe of Bitcoin from the time period starting from 2018 onwards. As you may know the price in the start of 2018 for Bitcoin was around $11,000 meaning if you bought and HODL'd since then you'd be down a good %, as...
This script Uses a bunch of different indicators in order to catch wicks. Included are: SAR JME Range Filter ADX RSI MACD Automatic Plotted TP Unconfirmed entries followed by confirmed entries This is a combination of different indicators therefore the credit shall not go to me but I have changed certain parameters in order to benefit backtesting...
Hello Today, I'm releasing Hermès my Eth Trading Script. Hermès is a variation of my BTCUSDT Script Hadès. It's looking for specific money/price patterns and compares the results with the "retails sentiment" then, the potential signals are filtered out with an advance/exclusive trend detector. ("Apóllôn" module). Because this script is expected to be used with...
Had to do a lot of research and gain more experience. If you take, you should also give. That's why I'm honored to present this new version of EMI 2 to the community. After so many modifications I decided to release a new version; EMI 2 v1.1. Symbols: Green Diamond = A possible bottom Red Diamond = A possible top update: -Modified Top & Bottom...
My idea by using Linear regression and some other filters. Great results without repaint :)
Hi guys I combine RSI and DMI in one study with alerts when price is Overbought, Oversold. Buy and sell divergences in the DMI and strength of the trend in the background I hope its useful for you as its to me
Looks for +/- 20 on the scale on histogram for either side bullish or bearish movement. Best is to work on a daily or weekly timeframe :) Cheers!!
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.