ATR Pips [LazyBear] [Elixium Mod: FEAR GAUGE]Modified version of ATR Pips
The indicator's value is a third of the daily range which is good to use as a stop loss value for intra day scalping on markets such as index futures and forex.
It's good for detecting and confirming inflection points in the market.
Cari dalam skrip untuk "scalping"
[Bitcoin] Lastbattle's nose pickerI've been working on a top and bottom picker script over the past couple of weeks, based on RSI of multiple timeframe closing price. It've been a pretty good trading system that's tested over the last meteoric rise from 220~270 and back down to 230 right now, and I think it should be released to the community.
Sure, I'm not worried about this strategy not working anymore after it is being used by the majority. Everyone have a different view of the market, and this is more towards psychology. It'll likely to hold for as long as there are still humans trading Bitcoins. Bitcoin market is full of emotions, you'll never run out of it.
So why does it work?
If you take a look at the live charts offered by Bitcoinwisdom and Cryptowatch, they only offer 1, 3, 5, and 15 minute timeframe by default with no other option to switch.
Naturally more traders will look at these levels for oversold and overbought condition.
The same indicator does not work for the broader commodities market such as Gold and Silver.
How does it work?
As long as the RSI levels of 1, 3, 5, and 15 minute fulfills the oversold/overbought level, a signal will be given.
The overbought/oversold level gets compensated the higher volatility the market is in.
Note: **
-This is only for exit strategy. If you're on long, consider reducing or exiting your position when it displays a red. On the other hand if you're short, consider reducing or covering your shorts if it shows a green.
-It may give false signal in a trending market, use your trading experience and judgement to filter them out. (eg: uptrend usually have more than 1 legs AND after a long consolidation, RSI gets to oversold/overbought easily... the market will tend to test the support/resistance again.)
-This is tuned for the 15m interval, the script won't work beyond this. I use it for scalping futures. Feel free to change or remove this line 'plot(interval == 15 and '
-Even if it shows a signal, it may not be the true top/bottom. Sometimes there may be a weak diverged leg aka 'last fart', so that's one reason I dont use this for entry until more confirmation is given via other indicators.
** If your chart is zooming all the way down to 0, right click on the price at the right and select 'Scale price only'
Go ahead and try this out with willy, etc and see what works better :D
Credits:
-LazyBear for the volatility switcher script
UCS_S_Steve Primo - Strategy 4From Now, i will list strategies as UCS _S_ & Indicators will be UCS_I_
This is a short term Pullback / Bounce Strategy. Recommend using this on Daily Chart. Option strategies that work the best are (weekly options credit spread).
Further advanced traders can take advantages with Gamma Scalping on low IV.
Few more revision are planned
Rev 1. Add stoploss and target signals
Rev 2. Conservative Trade Entries.
Rev 3. Customized Settings for trading short and long term, with signals only plotted on daily chart.
For further understanding - www.youtube.com
This revision is from 2011. There are more information and hints on the recent versions, it seems. I do not own this strategy. I did not create this strategy. For further information and the current version -
www.protraderstrategies.com
Myself and tradearcher will keep this upto date. As he has volunteered to help with the track record of Steve primo strategies.
docs.google.com
Version 2 -
ValueChart Indicator [LazyBear]This indicator displays the trend-adjusted price activity of a security. It oscillates around the zero-line. It is usually plotted as OHLC, but Pine doesn't have this support yet. So, I have rendered OHLC separately (see chart for the details).
This indicator is particularly useful for ‘scalping’ in a sideways market, where there is limited movement taking place, rather than a trending market undergoing larger swing movements.
I am not sure how much this resembles the commercial indicator out there as I don't have access to one. This is a direct port of a similar TOS indicator.
Removed direct links.
Indicators: Traders Dynamic Index, HLCTrends and Trix Ribbon1) Trix Ribbon
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This was built on request. Many Stock/FX traders overlay multiple Trix lines to form the ribbon, this indicator makes it easy.
Also, optionally this can plot a BollingerBand on Trix_1.
More info on Trix:
stockcharts.com
2) High/Low/Close Trend Indicator
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Simple indicator using EMAs of H/L/C. If blue line is above the red line, the trend is up, else down. Keep an eye on the zero line too.
3) Traders Dynamic Index
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This hybrid indicator helps to decipher and monitor market conditions related to trend direction, market strength, and market volatility.
TDI has the following components:
* Green line = RSI Price line
* Red line = Trade Signal line
* Blue lines = Volatility Bands
* Orange line = Market Base Line
Trend Direction - Immediate and Overall:
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* Immediate = Green over Red...price action is moving up.
Red over Green...price action is moving down.
* Overall = Orange line trends up and down generally between the lines 32 & 68. Watch for Orange line to bounces off these lines for market reversal. Trade long when price is above the Orange line, and trade short when price is below.
Market Strength & Volatility - Immediate and Overall:
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* Immediate = Green Line - Strong = Steep slope up or down.
Weak = Moderate to Flat slope.
* Overall = Blue Lines - When expanding, market is strong and trending. When constricting, market is weak and in a range. When the Blue lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market.
Entry conditions:
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* Scalping - Long = Green over Red,
Short = Red over Green
* Active - Long = Green over Red & Orange lines
Short = Red over Green & Orange lines
* Moderate - Long = Green over Red, Orange, & 50 lines
Short= Red over Green, Green below Orange & 50 line
Exit conditions:
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If Green crosses either Blue lines, consider exiting when the Green line crosses back over the Blue line.
* Long = Green crosses below Red
* Short = Green crosses above Red
More info on a complete system using TDI:
www.forexmt4.com