Trend Confirmation Indicator - Triple OBVDear all, you might wonder is there a confirmation indicator that has a high hit rate, is dependable, and could rely on the information it gives you when making a decision?
Here I present an indicator I developed specifically for cryptocurrency, in the minds of eliminating fakeouts and traps.
Trend is always invalid then there is a lack of volume, so by tracking the momentum of price direction & volume, we can have a ballpark about where the market is moving to.
On balance volume
obvshort = ema3
obvmedium = ema9
obvlong = ema26
This is a lagging indicator, which means it's not good at predicting reversal.
This is also the reason why
long signal = obvshort > obvmedium and obvshort > obvlong
shortsignal = obvshort < obvmedium and obvshort < obvlong
both without obvmedium >< obvlong
This indicator will not lie to you.
At last
Save Hong Kong, the revolution of our time.
Trendfollowing
CloudRest ATR based cloudThis is an indicator I have been working on for the past 2 years, developed specifically for cryptocurrency.
It is primarily a trend following indicator with great success and it performs the best in 4hrs to the weekly chart.
There are two components of this indicator.
The baseline from Ichimoku cloud and volatility stop .
baseline period = 26
volatility stop = 1.5ATR, 3
You can view this as the main component of a trend following system but you will need other confirmation indicators to confirm your entry.
Feel free to modify the script for your own system.
Feel free to follow me on twitter @Lancelot_Auger
I will be posting more content in the future, stay tuned.
And lastly,
Free hong kong, the revolution of our time!
Tabajara com Nutella [xdecow]Tabajara setup from André Machado
-ma 8
-ma 20
-ma 50
-ma 200 (blue)
-vwap (aqua)
-bollinger bands
-barcolor based on tabajara rules
QuantNomad - SuperTrend - XBTUSD - 1mInteresting performance for Super Trend strategy for XBTUSD 1m chart.
Params: ST Mult: 2, ST Period 14.
Performance: 144% profit, 1988 trades, only 41% prof, 2.04% dd , 2.51 Sharpe.
On its own, it might be not a very good strategy, but the big amount of trades allows you to add more filters and improve it.
And remember:
Past performance does not guarantee future results.
QuantNomad - SuperTrend - TSLA - 1mInteresting performance for Super Trend strategy for Tesla ( TSLA ) 1m chart.
Params: ST Mult: 3, ST Period 120.
Performance:61% profit, 637 trades, only 33% prof, 4.84% dd , 0.4 Sharpe.
On its own, it might be not a very good strategy, but the big amount of trades allows you to add more filters and improve it.
The strategy is not bad both with "when" params when strategy executed on open of next bar and with stop orders when strategy enters on exact Super Trend level.
You can comment/uncomment lines in the code and switch from one approach to another.
And remember:
Past performance does not guarantee future results.
Higher High Lower Low Strategy (With Source Code)This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points.
Generally HH and HL shows up-trend, LL and LH shows down-trend.
If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically.
If you use smaller numbers for left/right bars then it will be more sensitive.
source code of :
Ema BacktesterA simple, but useful script for backtesting purposes. Find the optimal Settings for your strategy.
tips are always welcome at: 38uGQJDDZDL6wX48x4gYTccPeQ3ZHVYmY4 (btc)
I hope you enjoy the script :)
Telmo Setup - T26 (D'Amorim)Setup T26 para o TradingView, baseado no uso de HILO 4, RSI 14 (limite 50), Media 26. Setup desenvolvido por Telmo Morais e codigo compilado por D'Amorim.
Video explicativo so SETUP para tradingview:
www.youtube.com
Video em que o funcionamento e criação do SETUP é explicado:
www.youtube.com
TEMA CrossoverTEMA is the Best Moving Average in terms of lag reduction.
Use this indicator to gauge the direction of the trend with the lowest lag possible.
Ichimoku trendfollowingIchimoku più che un indicatore potrebbe essere considerato un sistema di trading.
Ho quindi voluto implementare una strategia che utilizzasse soltanto i segnali che offre per l'ingresso ed uscita per verificarne l'efficacia nel lungo periodo su i diversi strumenti.
I segnali che offre sono i seguenti:
1) il prezzo taglia la tenkan (segnale molto debole per un ingresso)
2) il prezzo taglia la kijun (possibile trade in controtrend fino alla kumo)
3) tenkan incrocia la linea kijun
4) uscita della linea chikou span dal prezzo: se la linea è sotto il prezzo valutare solo short, se sopra valutare solo long, se sopra il prezzo si è in correzione ed è meglio restare flat
5) prezzo entra dentro la kumo. (Non si entra in posizione dentro la kuno)
6) la kumo cambia colore (conferma direzione del trend in atto)
7) uscita dal prezzo dalla kumo
8) uscita della tenkan dalla kumo (conferma situazione)
9) uscita kijun dalla kumo (conferma situazione)
10) trend in corso con chiusura del prezzo fra la chikou span da una parte, tenkan, kijun e kumo dall'altra.
Ichimoku è solitamente utilizzato come sistema trendfollowing, quindi considererò solo i segenti possibili ingressi:
1) breakout kumo (inizio trend di lungo periodo)
2) pullback (inizio trend di medio periodo o ripresa trend dopo correzione profonda con pullback su kumo)
le uscite tradizionali sono:
1) prezzo chiude sotto la kijun
2) SL inizialmente su minimo candela che rompe il livello
Filtri da applicare ai singoli ingressi:
Filtro long:
Close>kumo and chikou span > prezzo corrispondente and
Filtro short
Close<kumo and chikou span < prezzo corrispondente
Relative Strength Volatility Variable Bands [DW]This is an experimental adaptive trend following study inspired by Giorgos Siligardos's Reverse Engineering RSI and Tushar S. Chande's Variable Moving Average.
In this study, reverse engineered RSI levels are calculated and used to generate a volatility index for VMA calculation.
First, price levels are calculated for when RSI will equal 70 and 30. The difference between the levels is taken and normalized to create the volatility index.
Next, an initial VMA is calculated using the created volatility index. The moving average is an exponential calculation that adjusts the sampling length as volatility changes.
Then, upper and lower VMAs are calculated by taking a VMA of prices above and below the initial VMA. The midline is produced by taking the median of the upper and lower VMAs.
Lastly, the band levels are calculated by multiplying the distance from the midline to the upper and lower VMAs by 1, 2, 3, 4, and 5.
Bar colors are included. They're based on the midline trend and price action relative to the upper and lower VMAs.
Simple Trend Following StrategySuper simple short/long entry signal strategy based off the one used by the "Turtles" with 4 simple moving averages rolled into one indicator.
Philosof fib maI like Fibonacci and I think multiple MAs are best for identifying the trend. This one is based on someone else's script. I just need to share it with a friend =)
Monthly Weekly Daily Hourly CLOSESDraws horizontal segments where the last Monthly, Weekly, Daily and Hourly closes are.
Easily identify current price relative position to these key prices.
I use it as a kind of pivot points and help me with trend following entries: longs if up from last close, shorts if down from last close.
Monthly: red line (MMMMM)
Weekly: orange line (WWWWW)
Daily: yellow line (DDDDD)
Hourly: white line (HHHHH)
//Original idea from "Key Levels
Keltner Channels Linda RaschkeThis channel is a second version designed by the famous american analyst Linda Raschke; it allows you to find the main trend and to implement a trend-following strategy. You can open a new long/short position when the price cross up the basis and the upper/lower band (jointly with other indicators).
Simple TrenderOriginates from:
I was reading some Impulse Trading literature by A. Elder.. In it, someone named Kerry Lovvorn proposed "An End of Day Trend Following System" for someone lazy.
Originally it is just price closing above an 8 ema (low) for long. Exit when price closes below an 8 ema (low). The opposite for a short position.
Conditions: Buy when price closed below ema (low) for two bars or more, then closes above. Opposite for a short position. I do not follow this condition. Though it may help with whipsaw.
My condition is when price closes above the 26 ema (low) (works the best for me) I place orders above the initial crossing bars high. Opposite for lows.
I look for stocks that are low in price to go long on. I want the run from 2's to 15's
I look for stocks that are mid-teens/20's in price to go short on. I want the run from 20's to 2's
I look for stock with news and earnings that are already running (up or down) to play the pullback.
These conditions can easily be scanned for on thinkorswim
From first glance, the system looks like CMsling shotsystem. Although, I plagiarized some parts of the codes, because I am inept when it comes to that shit, it differs as it is not a moving average crossover system.
It is a price crossing over concept. A moving average VWAP is used for best entries on pullbacks.
Purpose:
--To catch the majority of a trend/wave/run.
--To identify pullback areas to go long or short while in midst of trend. To catch pullbacks off news and earning runners.
--To catch the initial start of trend with clear rules to enter
--Clear rules to exit
Issues
--possibilities of getting ninja sliced the fuck up. Can be mitigated by entering stocks with decent average volume. And also only going long above 200 ema and short below it. ADX won't work, at the initial start of the trend it will show not trending. Can look at blow off volume at the bottom followed by increase in buying for long and vice versa for short.
--Can give some huge gains away through gap ups or gap downs from news or earnings during trend. However, can get huge gain on gaps from news or earning. Nature of the game.
--Need some brass balls and a supply of pepto to stomach through some of the pullbacks. Gut wrenching seeing big gains dwindle. But they all even out at the end, you hope. (see NBEV and IGC, and CRON and others. shit don't go in straight lines, homie)
Pros
--It's simple and easy. Overall, you profit
--works with any security
Cons
--It can be stressful.
--does not work well on lower time frames. Do not recommend going below 15 minutes
--Possibility of working on 5 minutes with a time frame breakout strategy (15,30 min).
Couple it with LazyBear "Weis Wave Volume" indicator. Works well for pullback entries.
Enjoy. Ride some waves.
ATR and T3 strategyT3 Moving Average indicator was originally developed by Tim Tillson in 1998/99.
T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions.
It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk and allowing your profits run.
This strategy is for trend followers who are patient enough to have 6-10 trades per year.
What's included in strategy?
Two ATR (Code was taken from J.Dow and modified)
Tillson Moving average
Enter long signal:
When both ATR (Long and Short) are in uptrend and the bar closes above Upper Tillson's moving average band: Enter Long
Exit Long signal:
When hl2 is lower than Lower Tillson Moving Average band
Enter short signal:
When both ATR (Long and Short) are in downtrend and the bar closes below Lower Tillson's moving average band: Enter Short
Exit Shortsignal:
When hl2 is higher than Upper Tillson's Moving Average band
Best to use with Bitcoin on 12H TF
Can be used for different time frames as well but the settings must be adjusted accordingly
Remember, overtrading can be harmful to your trading account.
If this is helpful for you, consider a tip
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Created by CryptoJoncis
Ichimoku Cloud Score MTFThis is a simple multi time frame (MTF) conversion of the Ichimoku Cloud Score indicator.
All credit goes to the following users for the initial implementations:
- User @dashed :
- User @sjb933 :
This script calculates the Cloud Score based on the sjb933 version; all I've done is convert the script to Pinescript version 3 (to ensure the security function works as intended) and add MTF capability.
I'm a big fan of MTF analysis when using indicators (particularly oscillators). Using a higher time frame runs into the issue of the indicator repainting until the relevant higher time frame candle closes (this is inevitable and logical - so don't comment saying it repaints!). However, for lagging indicators such as this one, adding a lower time frame provides potential entry and exit signals into the larger trend, and also provides early warning of large trend shifts before the current time frame will. This can give you more control over your trades, and in my experience helps lagging indicators such as Ichimoku stay relevant in high volatility markets that are vastly different from when the indicators were conceived.
Any queries please let me know.
Cheers,
RJR
Tillson Moving Average(vwma) singleT3 Moving Average indicator was originally developed by Tim Tillson in 1998/99.
T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions.
It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk and allowing your profits run.
This version provides simple T3 MA
Source options - all standard + HA
T3 based on 6x vwma
Only adds 1 T3 MA on chart
Consider a tip in ETH to
0xac290B4A721f5ef75b0971F1102e01E1942A4578
Thank you and have a nice day
CryptoJoncis
RSI/MFI - MTF - Entry signals/Trend colored bars - JD@version=2
This indicator is designed to give early entry signals as well as to follow trend moves, according to different settings.
The indicator shows a histogram of the RSI ro MFI in relation to an ema of the RSI or MFI.
The histogram is then smoothed to give early reversal/entry signals.
The actual RSI/MFI line with oversold/overbought indication can be displayed or omitted, as preferred.
in addition to the RSI/MFI line or as an alternative to it, the background colour can be set to change folowing the RSI/MFI signals.
The timeframe can be chosen. Higher timeframes (eg. 3h) tend to give less false signals.
version 5.
added support for custom Multiple Time Frame selection.
added option for choice of RSI or MFI as base indicator.
added option for price bar coloring according to the indicator. (deselecting "borders" in the "style" tab is recommended)
price bar coloring can be adjusted for different strategies:
1. following the slope of the histogram (for faster entry/exit signals)
2. according to positive or negative histogram (for longer moves)
3. according to pos. or neg. RSI/MFI (for longer term trend holds)
4. uptrend: biased towards faster buy signals and slower sell signals to stay in the uptrend
5. downtrend: biased towards faster sell signals and slower buy signals to stay in the downtrend
A longer timeframe (eg. 3x) is recommended for following trend moves.
try different strategies to see what works better for RSI or MFI.
JD.
TT3 indicatorHow does this indicator works and what it is?
It consist of 3 T3 moving averages. T3 moving average was developed by by Tim Tillson and is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well.
This indicator works on any stock, index, future or cryptocurrency.
The ways how you can use it:
When the price is above the green band, trade with longs
When the price is below the red band, trade with shorts
When the price crosses down Signal T3 while above the green band, close the long position and reopen it only if price breaks up above the Signal T3 and is above green band.
When the price crosses up Signal T3 while below the red band, close short position. If price drops down below Signal T3, open short position again.
The bands are working as supports and resistances. When price is above the green band and drops, there is a high chance it will bounce back as soon as it hits the Long Band T3. (It will act as support)
When price is below the red band and rises, there is a high chance it will bounce back as soon as it hits the Short Band T3 (it will act as resistance)
Any ideas, feedback and comments will be really helpful.
Consider to tip me if this indicator is any use for you and think that I should make more of them to help the community of traders.
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