Sentiment Index • Minimalist TradingThe Sentiment Index is a powerful indicator which supports even the beginner trader in being profitable by revealing the actual Sentiment of the market in real-time .
With the Sentiment Index you will not only know whether the market is bullish or bearish at any given moment but also when a weakening of the Sentiment occurs and a subsequent shift takes place.
The Sentiment Index constantly reads the market and gives you its best interpretation in order to keep you tuned into the same Sentiment regardless of how the market evolves .
The indicator is available via subscription and you can enjoy a free trial . To know more about the indicator and start the trial simply visit the link below.
➡ Try the indicator
Cari dalam skrip untuk "profitable"
Levels and Zones • Minimalist TradingThe Levels and Zones is a leading indicator which automatically identifies the best support and resistance levels as well as their corresponding bullish and bearish zones.
The indicator constantly detects and highlights for you the optimum levels and zones where you will find the greatest opportunities to go long or short .
As soon as the market moves to a new level with the Levels and Zones you will be ready to catch the next profitable trade .
The indicator is available via subscription and you can enjoy a free trial . To know more about the indicator and start the trial simply visit the link below.
➡ Try the indicator
Advanced Signal Bars • Minimalist TradingThe Advanced Signal Bars is a simple trading method which can help even the beginner to spot profitable trades as early as they occur or even before.
With the Advanced Signal Bars you get simple trading signals right on the chart in addition to support/resistance levels which tells you when you should exit the market.
With the Advanced Signal Bars you are always in full control of your trading no matter how the market moves.
The indicator is available via subscription and you can enjoy a free trial . To know more about the indicator and start the trial simply visit the link below.
➡ Try the indicator
P&L IndicatorThis is a script to show Profit and Loss (P&L) from a specific position. You need to input The trade prices, trade volume and trade date (Year, Month, Day, Hour, and Minute) and then it will plot a histogram with Green being profitable P&L and Red being loss. It will not show any histogram data for the period before the trade date and time. P&L calculations are based on candle close price. It is recommended to enable Indicator Last Value Label from chart settings so that current P&L value is displayed.
Enjoy it
Forex Insight Pro 5.0Forex Insight Pro 5.0 for TradingView gives you abilities to see the stories hiding in the graphs of the markets. It marks and reminds you about important parameters that are happening on the graph so that you will not forget to consider them before placing orders. These parameters include:
Automatic CC(X) counting that compare the close of the right price bar to that of left price bar in a group of X consecutive bars such as CC(5,9) of a group of 5 bars will compare the close price of the right bar to the left bar (ignoring 3 bars in the middle). If the right bar closed higher, the count number would be printed above the bar. If the left bar closed higher, the count number would be printed below the bar. Nine consecutive series of up counts will define the lowest price as CC(5,9) support line and nine consecutive series of down counts will define the highest price as CC(5,9) resistance line. The count numbers and support / resistance lines are automatically printed on the graph if enabled.
Show a set of simple moving average lines such as SMA5, SMA13, SMA50, SMA200, SMA800, if enabled. The color of SMA50 line (which is the same as the the middle line of Bollinger band (50,2) can be set to change based on increasing/decreasing values of itself, or of the MACD(12,26,9).
Show Bollinger bands (50,2), if enabled.
Show the high and low levels of the previous day, if enabled.
Show the important time areas for Forex trading during Asian, London, and New York sessions, if enabled.
Automatic printing of the events happening in the graph to remind the readers of parameters under considerations (if enabled) including:
- Print SMA5>13 and SMA5<13 for SMA5 crossed above and below SMA13.
- Print Max and Min for local maximum and local minimum bars.
- Print C75 and C25 for the bars that closed above 75% and closed below 25% of its ranges.
- Print C>SMA5 and C30 and RSI<70 for RSI(14) that crossed above 30 % and below 70 %.
- Print MACD>0 and MACD<0 for MACD(12,26,9) that crossed above and below zero.
- Print MACD>Sig and MACD<Sig for MACD(12,26,9) that crossed above and below their own SMA9.
=================================================================================================
The source code of Forex Insight Pro 5.0 custom indicator is protected.
Only invited TradingView members can apply this indicator to their forex, crypto currency and stock price graphs.
Lifetime invitation is for 100 USD with free future upgrades and online supports.
Rental invitation is for 10 USD/month with free future upgrades and online supports.
Paypal, Bank transfer and Bitcoin payments are welcome.
A 7-day trial can be requested from the author (DrGraph or Nimit Chomnawang, PhD) via TradingView private chat
or in the comment field below.
=================================================================================================
How to install the script:
------------------------------
*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Open a new chart and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "Forex Insight Pro 5.0".
*Right click anywhere on the graph, choose "Settings".
*In "Style" tab, choose the Dark Theme.
*In "Scale" tab, choose decimal places of 1/100000.
*In "Background" tab, uncheck "Indicator Arguments" and "Indicator Values".
*In "Timezone/Sessions" tab, choose your time zone.
*At the bottom of settings window, click on "Template", "SaveAs...", then name this theme of graph setting for future call up such as "Forex Insight Pro".
*Click OK.
For free TradingView plan, you can add two more indicators to the chart. That means you may add RSI or MACD indicators with same parameters as those setup in Forex Insight Pro and Volume indicator to your graph. DrGraph regularly publish his educational idea on using features provided in Forex Insight Pro for profitable investments. You can follow him for how to use the tools.
Forex Insight Pro 4.0Forex Insight Pro 4.0 for TradingView gives you abilities to see the stories hiding in the graphs of markets. It marks and reminds you about important parameters that are happening on the graph so that you will not forget to consider before placing orders. These parameter include:
Helps you count cc(x) that compares the close price of the last bar to that of x-1 bar earlier (the right most bar and the left most bar of x consecutive bars). It marks a number above the price bar if the close of the right is higher and mark a number below the price bar if the close of the right is lower. A sequence of consecutive numbers from cc(x) counting of x=5 below the price bars up to count number 9 will show exhaustion of downtrend and the highest price among these 9 bars will set a cc(5) resistance line. A sequence of consecutive numbers from cc(x) counting of x=5 above the price bars up to count number 9 will show exhaustion of uptrend and the lowest price among these 9 bars will set a cc(5) support line. Both cc(5) support and resistance lines are often respected by the price actions as reversal levels.
Helps you to notice increment / decrement of Middle line of the Bollinger band indicator or increment/decrement of MACD indicator in colors. The normal Bollinger band indicator will have the gray middle line. You can set its color to blue/pink to reflect increasing/decreasing value of the Bollinger middle line or set its color to lime/red to reflect increasing/decreasing MACD value.
Helps you to notice RSI value when it comes back down from overbought condition by printing "RSI-Dn" above the price bar or when it comes back up from oversold condition by printing "RSI-Up" below the price bar.
Helps you to notice the crossing of MACD line and its smoothing Signal line by printing "MACD > Sig" below the price bar if the MACD line crosses above the Signal line and printing "MACD < Sig" above the price bar if the MACD line crosses below the Signal line. Crossing of MACD and Signal lines could be used as warning signs that the reversal of the price trend might follow in the near future.d as warning signs that the reversal of the price trend might follow in the near future.
Helps you to notice the crossing of MACD line between the positive and negative zones by printing "MACD > 0" below the price bar if the MACD line changes to positive region and printing "MACD < 0" above the price bar if the MACD line crosses into the negative region. Changing the sign of MACD value could be used as warning signs that the reversal of the price trend might follow in the near future.
Helps you to notice the crossing of the fast simple moving average line and slow simple moving average line by printing "F > S" below the price bar if the fast SMA line crosses above the slow SMA line and printing "F < S" above the price bar if the fast SMA line crosses below the slow SMA line. Crossings of fast and slow SMA often indicate reversal of the price trends. the price bar if the fast SMA line crosses below the slow SMA line. Crossings of fast and slow SMA often indicate reversal of the price trends.
Helps you to label the Local Maximum and Local Minimum bars. If the high price of the middle bar inside a group of 3 bars is higher than its left and right neighbors, the label "Max" is printed above that middle price bar. Similarly, the label "Min" is printed below that middle price bar if the low price of it inside a group of 3 bars is lower than those of its left and right neighbors. Local Maximum and Minimum helps a lot in drawing the most recent supply and demand lines in which the price may breakout from.
Helps you to label "C75" to the price bars that close at or above 75% of their own range and label "C25" to the price bars that close at or below 25% of their ow n range. A C75 bar is often followed by an uptrend while a C25 is often followed by a downtrend.
Helps you to see the highest and lowest prices of the previous day. These levels are very important for M and W trading in the time frame smaller than daily graph since both intraday double top and double bottom pattern often appear around the previous day's high and low prices.
Helps you to see the time periods of business hours for people working in the financial markets in Asia, Lodon, and New York. The market prices are active and often provide high opportunities for making profits during these time periods.
Parameters of features in the above list could be changed, or turned on/off easily in the input options of Forex Insight Pro 4.0 custom indicator.
=================================================================================================
The source code of Forex Insight Pro 4.0 custom indicator is protected.
Only invited TradingView members can apply this indicator to their forex, crypto currency and stock price charts.
Lifetime invitation is for 100 USD with free future upgrade and online support.
Rental invitation is for 10 USD/month.
Paypal, bank transfer and Bitcoin payments are welcome.
The author (DrGraph or Nimit Chomnawang, PhD) can be contacted with his TradingView handle.
=================================================================================================
How to install the script:
------------------------------
*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Open a new chart and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "Forex Insight Pro 4.0".
*Right click anywhere on the graph, choose "Settings".
*In "Style" tab, choose the Dark Theme.
*In "Background" tab, uncheck "Indicator Arguments" and "Indicator Values".
*In "Timezone/Sessions" tab, choose Time Zone = Exchange or your time zone.
*At the bottom of settings window, click on "Template", "SaveAs...", then name this theme of graph setting for future call up such as "Forex Insight Pro".
*Click OK.
For free TradingView plan, you can add two more indicators to the chart. That means you may add RSI or MACD indicators with same parameters as those setup in Forex Insight Pro and Volume indicator to your graph. DrGraph regularly publish his educational idea on using features provided in Forex Insight Pro for profitable investments. You can follow him for how to use the tools.
Richimoku (Enhanced Ichimoku with 4 Clouds)Are you an investor on the buy-side or a trader on the sell-side?
Use the brand new Richimoku Trading System to learn about trends earlier and discover trading signals and alternative data that can be transformed into sharper insights, better opportunities, and more profitable decisions.
The Richimoku Trading System includes:
1. Richimoku ( Advanced Ichimoku Kinko Hyo with 4 Clouds! )
2. Tenkan-Sen Strength Analyzer (Indentify divergences. Know First. Act Faster. A must-have for every Ichimoku trader)
3. Kijun-Sen Strength Analyzer (Indentify divergences... etc.)
4. Kumo Waves (Game changer!)
*As some indicators you may come across are using the repainting mode (which consists in correcting the false signal back in time).
You'll never see such thing in the Richimoku Trading System. What's on the charts is displayed in real time, no cheating...
Test the Richimoku Trading System For 12 hours! Study the chart history on all timeframes. Study all details incl. divergences etc.
FAQ.
How to access the Richimoku Trading System in tradingview?
To access your indicator simply click on “Indicators” at the top of your Chart, and click on “Invite-Only Scripts”. Click on the indicator to activate it. That’s it!
Will the Richimoku Indicator Trading System work for Stock and Index trading?
Sure! It works on all Forex, Stocks, Indexes, Metals and Crypto's!
Does this indicator work with a free TradingView Account?
Yes you can use the Richimoku Indicator Trading System with a free TradingView account.
Does the indiators work on all timeframes?
Yes, the indicators can be used on all time frames!
LB_MP - Trade AlertsYou must use this indicator on a LineBreak chart.
Alerts
A red bar means go short.
A green bar means go long.
Any yellow bar is a good exit, most likely the first yellow after a trade should be used.
Setting Alerts
You can set alerts by selecting the indicator when you add a new alert.
It will alert a new long position.
It will alert a new short position.
It will alert closing signals.
Honestly, you can probably find better exits on a different chart. But it's still profitable on any time frame of anything you want to trade. Enjoy!!
Amlame Amlame is a EMA based indicator for BUY/SELL 1D signals.
Features
Designed for BTC/XBT signals
Optimized for 1D timeframe
Backtested (>90% profitable)
No adjustments required
Trial
Please contact me for 5 days trial period.
Access
0.01 Ƀ for lifetime access and updates.
Happy Trading.
This is not financial advice.
Cyatophilum Trend IndicatorHOW TO USE
Step 1 : Adjust the Trend Parameter to the most profitable number.
Step 2 : Create Automatic Alerts for Buy (L) and Sell (S) signals.
BONUS :
Trend horizontal Line: Use this line to avoid risky trades.
Get This Indicator Today!
Purchase at blockchainfiesta.com
SAMPLE USE CASES
BTCUSD 1 D
BTCUSD 4 h
ETHUSD 1 D
ETH/BTC 1 D
Get This Indicator Today!
Purchase at blockchainfiesta.com
View a video tutorial on how to use this indicator at the link above.
Have Fun !
acmillions88 DHCThis script only works like a charm.
It gives very early signal and it is highly accurate.
Should be the most profitable script I have ever made.
Scalping IndicatorHelps to enter and exit profitable trades.
The background color changes after an EMA crossover of lengths 3 and 8 to indicate trend.
The outline of the candle (red or green) indicates if the heikin ashi is an up or down candle. The second consecutive heikin ashi of the same colour changes the bar colour to black or white depending on direction. This helps prevent false positives.
Bollinger bands are used to provide confluence for good entries and exits. Typically want to enter/exit when price touches band or is slightly outside band.
When the RSI is oversold (below 30), the word "low" is printed above the candle. When the RSI is overbought (above 70), the word "high" is printed above the candle.
Updated Swing IndicatorI updated the code to my swing indicator. She is doing pretty well. Isolated the short candles a little better. Appeared to be profitable if used.
Signal StreamSIGNAL STREAM
Want a TL;DR?
Signal Stream gives you actionable trading signals. It’s as simple as that.
LONG ANSWER
Signal Stream is the culmination of years and years of research, testing, and analysis of The Big Three data points of market information.
• Major Data Point One – PRICE. The one everyone cares about most.
• Major Data Point Two – TIME. We’re all bound by it. We can’t escape it.
• Major Data Point Three – VOLUME. With this third point, the market takes on an entirely new dynamic.
Signal Stream takes these points into account, runs them all through tested (ridiculously so) algorithms based of our knowledge and experience trading.
The result? Clean, actionable signals you can trade.
Primarily used on and around the 1 hour time frame. That’s the power of TradingView! So many custom time frames to look at!
Blue arrow pointing up? Go long!
Red arrow pointing down? Go short!
SIMPLY PRESENTED – COMPLEXITY HIDING UNDER THE HOOD
To be perfectly clear, this isn’t some script that does a couple MA crossovers and checks RSI against the Elliot Wave Fib Zig Zag on a Bollinger Band.
Signal Stream is 2000+ lines of tested, rigorous logic built in Pine for TradingView.
It’s based on a method of price action and volume analysis that has been proven profitable over and over for the past 10 years.
What method exactly? Weeeeell…. That’s our secret sauce. :)
But it’s a secret sauce developed over the past ten years by traders with a combined 25+ years in trading and trading system development.
We’ve refined our analysis of PRICE and TIME and VOLUME.
It’s a little bit like if pattern analysis and VSA had a kid and then taught that kid a lot of other really important market confluence ideas.
Okay, maybe that analogy got away from me….
Signal Stream is hours and and days and weeks and months and years spent in front of charts, writing code, staring at spreadsheets, testing, refining, and trading.
All distilled into a simple, power signal system.
SIGNAL STREAM GUARANTEE - NOT GONNA GIVE YOU THE RUN AROUND
Look, I can’t guarantee you will make money. That’s not only illegal, it’s also a ridiculous promise and absolutely a red flag. Anyone guaranteeing that you will make money is probably selling you snake oil and you should steer clear of them.
What I can guarantee is that there is no other indicator on TradingView right now that looks as deeply into PRICE, TIME, and VOLUME as Signal Stream does.
I guarantee you that Signal Stream provides clear, actionable signals based on 25+ years of experience and 10+ years of hardcore testing and live trading.
PM US TO GET PAYMENT INSTRUCTIONS AND ACCESS.
BitcoinProtocol-v1The Ultimate Crypto Trading Algorithm. It uses our proprietary indicators to generate profitable Buy and Sell Signals.
Fibonacci+MA+RSI indicator v2Buy Signal: Black traingle upward
Sell Signal: Black traingle downward
Works best on 15min chart. Performance numbers are really good for indices.( Need to change timeframe and values to work for forex or CFDs).
This script generates the fibonacci bars on the fly based on the length of previous candles(user input available).
(1,0.618,0.5,0.382,0 levels are used).
Buy or sell signals are generated only when:
the price nears specific fibonacci levels
and
if RSI is favorable
and
if moving averages are favorable
Almost all the options are user customizable. Default settings are the ones with most profitable %.
Risk points : Number of points to use as stop loss
Contracts, Lots : Order Quantity.
RR Ratio : Risk to Reward Ratio for order limit and stop levels.
RSI High and Low: Used in conjunction with Fib levels and Moving averages ( sma used)(To prevent a buy when RSI is overbought and vice versa)
use MA : To usemoving averages for signal generation. Lengths for short,medium and long term MAs are customizable
Fib length : Number of hours to consider. Internally this is multiplied by 4 to generate signals for 15min charts.
ATR % : % of ATR to consider when price is in proximity (For example fibLevel+atr% and fibLevel-atr% are considered when looking for a crossover with price). Set to minimum to ignore this.
FollowReversal : Enabling will wait for 1 confirmation candle to generate the signal.
Tested on Nifty -0.19% , Dow , S&P 0.20% etc. indices.
Please let me know if you have further questions and suggestions. I am learning to script, any help would be really appreciated.
May make the script public once I am happy with the performance.
Handyman 2.0The original Handyman indicator was unlike anything else and quickly became the most popular indicator (and robotic trading system) the Train MT4 community had used.
Now, with the addition of our proprietary Whipsaw Algorithm, Handyman 2.0 has become even more particular about the types of trades it places! Increased accuracy with over 90% profitable trades, decreased ”noise” so you can be more confident in each signal produced.
Handyman 2.0 is fantastic for predicting, entering, and staying in trending markets.
Crypto Low Frequency Trader [ALERTS] - NO REPAINTLow Frequency Trading Signals - Safe to trade with low leverage leverage and make a retirement fund.
Absolutely NO REPAINT.
Very conservative approach.
Works best on 1H chart.
This is the alerts indicator, check my profile for the strategy with backtest.
This Level of Strategy, will not be free. PM for access - Monthly Subscription.
Angelou's RSI
Hello and welcome, this is AngelouHD and this is my RSI oscillator based on RSI 14 (classic and most used by all traders).
I was studying RSI and found out that this awesome tool is very helpful, so I did more research and added some features which includes:
1 LONG signal which is that bold green pattern on the RSI (white).
2 SHORT signal which is that bold green pattern on the RSI (white).
3 Supports and resistances in most common areas such: 100, 90, 80, 70, 66, 50, 34, 30, 20, 10 and 0.
To consider:
* 100, 90, 80, 70 and 66 RSI (most of the times, my studies showed that most traders are likely to TAKE PROFITS and SELL/GO SHORT.
I found out that 100 RSI is a must, must SELL and TAKE PROFITS (overbought).
* 50 RSI is also good zone for ENTRY and BUY/GO LONG only in very bullish market, you got to be very carefull on this, so first study the market conditions: BTC bullish, book orders looking bullish, coins @ good support / resistance lines, etc. If none of the previous conditions, then don't trade and wait for lower RSI levels.
* 34, 30, 20, 10 and 0 RSI most of the times, my studies showed that most traders are likely to ENTRY and BUY/GO LONG.
I found out that 0 RSI is a must, must BUY and TAKE ACTION (oversold).
All this is just my studies and my opinion, not a finantial advice. Not always will work the way I'm explaining since this Crypto World is full of manipulation, so please take note.
LAST THING: Search on youtube and do your own research about "RSI divergences" and you will understand why sometimes even if RSI is high (overbought), let's say 70 RSI... your coin continue to go up and up and then RSI goes below 60 RSI and that coin continues to go upbullish.
And viceversa sometimes you see RSI is very low (oversold) et's say 20 RSI... your coin continue to go down and down and then RSI goes above 30 RSI and that coin continues to go bearish.
I wish you the best and I hope you take advantage, stay profitable, be careful but take action, no fear. Jesus Christ bless you all!
Pharoceus PT-V2 CryptoScalper RSI+BB+SRSI+Stochastic IndicatorThis is the updated Version of the ProfitTrailerV2 RSI+BB+StochRSI+Stochastic Oscillator Signal+Alerts
Description
This is an all-in-one indicator with alerts that most people call signals and it's designed for Cryptocurrency leverage trading. This indicator features, the most popularly used indicators in technical analysis and are the basic technical analysis indicators any successful trader should master before going into more advance technical analysis tools. The Pharoceus ProfitTrailerV2 CryptoScalper RSI+BB+SRSI+Stochastic Oscillator Signal+Alerts features the Bollinger Bands, Relative Strength Index, Stochastic RSI and Stochastic Oscillator, and it was designed for use with Pharoceus ProfitTrailerV2 CryptoScalper and can also be used with all other trading bots or on its own as a powerful market leveraging and trading indicator using alerts.
The ProfitTrailerV2 RSI+BB+SRSI+Stochastic Oscillator Signal+Alerts can be customized to any trader specific trading patterns and offers the ability to choose a combination of indicators from the featured ones to use. With the Buy and Sell Signal feature, trading on any cryptocurrency exchange can be automated and with the alerts feature, the Pharoceus ProfitTrailerV2 CryptoScalper RSI+BB+SRSI+Stochastic Oscillator Signal+Alerts will automated buying and selling signals for any crypto trading bot but I'll always recommend using for making buys only when using with any bot. This indicator/script can be used with any base pair; BTC, ETH, and USD or USDT.
As mentioned above, all four indicators can be combined to find a very safe and secure buy and profitable sell signals, which maximizes your profit margins and overall earnings over time. Also, 2 or 3 could be combined as well, depending on the traders knowledge on how to use each indicator independently to find its best settings. My recommendation would be to test all independently and or together with very little capital to find what works best for you. I recommend this because the cryptocurrency market in a very volatile market and unpredictable, some combination of indicators would work for some certain coin pairs and not all, while others would work better with a different setting and a particular coin pair.
As with all script use at your own risk and only trade what you can afford to lose, while this indicator isn't designed to lose you money and I will not be held liable for any losses due to misuse. I am also not a financial advisor and the ProfitTrailerV2 RSI+BB+SRSI+Stochastic Oscillator Signal+Alerts will be made available soon as it's still undergoing rigorous testing and it's in no way and manner affiliated with any group of individuals or bot.
Trade Smart and with only what you can afford. Donations are also welcome to encourage my work, This is a totally free to use script to help traders, small time or big time that works towards making the indicator sharing world accessible to all who will not definitely be ripped-off and support a community of sharing.
discord.gg
BTC: 199qMzu4gvr3bUXWEpLG5uS6TEKKvw5pbe
ETH: 0xf8339952a224a228f2f8c58a5666a8ffleddebfb
BCH: qqmmds8u3f8m6ek387jtefg07525dvaxzqrshd86gz
BoneDry Modified TradeAlerts for use with the Bonedry Modified Strategy
**There are more sell alerts than are present in the strategy, in many situations this can provide more profit if you were to sell a portion at the first sell signal and the rest at the second, but it may also lead to bags if a second sell signal isn't generated.
While intended for use in the cryptomarket, testing a single stock (APPL 2hr chart from 3/20/2018 to 5/10/2018, 4 total trades, 100% profitable for 12.67% net profit) suggests this trade strategy may work well for trading stocks.
RangerIndicator Ranger
Class : oscillator
Type of trading : intraday
Period : daily
Description
A lot of technical indicators are based on quite doubtful assumptions and unconfirmed patterns. One more typical drawback is absence of signals from indicators in form of absolute price values (this also concerns stop-loss and take-profit parameters). As the result it is hard to determine the exact entry and exit points for the trade. This is very important both for the beginners and experienced traders.
Developing Ranger we were trying to solve this problem and to create extremely simple and at the same scientifically based indicator.
Ranger is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. So called synthetic support and resistance levels.
For example at 00:00 am EURUSD open price is 1.1350 Ranger will generate a number of price values which will indicate possible minimum/maximum of the day. It can be something like 1.1440 (high of the day with probability 75%) and 1.1260 (low of the day with probability 75%). Current version of the indicator can generate up to 3 high/low values with probabilities 70%, 95% and 99%. By probability we mean chance that the price will not go above/below generated high/low value.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with certain probability. For the full information about signals from Ranger see the “Trading signals” section.
Structure of the Indicator Ranger
1. Three blue lines – synthetic support lines. They describe 3 different buy zones with certain probabilities of success:
- First blue line (Buy zone #1) - the price today will not fall below this mark with a probability of 68%;
- Second blue line (Buy zone #2 )- the price today will not fall below this mark with a probability of 95%;
- Third blue line (Buy zone #3) - the price today will not fall below this mark with a probability of 99%.
2. Three red lines – synthetic resistance lines. They describe 3 different sell zones with certain probabilities of success:
- First red line (Sell zone #1) - the price today will not rise above this mark with a probability of 68%;
- Second red line (Sell zone #2) - the price today will not rise above this mark with a probability of 95%;
- Third red line (Sell zone #3) - the price today will not rise above this mark with a probability of 99%.
3. Green line – shows current price. When it gets close to the red/blue line sell/buy signals are generated.
Trading rules
General rules are as follows: buy at the blue lines, sell at the red lines.
Take-profits for sells are set at the nearest blue line, for buys – at the nearest red line. Stop-losses for sells are set above the last red line, for buys – below the last blue line.
