Donchian Channel Setup: The strategy uses a tool called the Donchian Channel. Imagine this as two lines (bands) on a chart that show the highest and lowest prices over a certain number of past trading days (default is 20 days). There's also a centerline, which is the average of these two bands. Entry Conditions for Trades: Buying (Going Long): The strategy...
// ================================= Trend following strategy. // ================================= Strategy uses two channels. One channel - for opening trades. Second channel - for closing. Channel is similar to Donchian channel, but uses Close prices (not High/Low). That helps don't react to wicks of volatile candles (“stop hunting”). In most cases...
Handbook for the Supertrend Advance Strategy 1. Introduction Purpose of the Handbook: The main purpose of this handbook is to serve as a comprehensive guide for traders and investors who are looking to explore and harness the potential of the Supertrend Advance Strategy. In the rapidly changing financial market, having the right tools and strategies at one's...
Introducing the Price Action Pattern Breakout Strategy: Wedge,Triangle,Channel 💹🚀 The "Price Action Pattern Breakout Strategy: Wedge, Triangle, Channel" is a dynamic and automated trading strategy that excels in recognizing and capitalizing on breakout opportunities within the realm of powerful price action patterns. It is finely tuned to achieve exceptional...
Bollinger Bands Strategy : INTRODUCTION : This strategy is based on the famous Bollinger Bands. These are constructed using a standard moving average (SMA) and the standard deviation of past prices. The theory goes that 90% of the time, the price is contained between these two bands. If it were to break out, this would mean either a reversal or a...
The concept of the Fibonacci Bands indicator was described by Suri Dudella in his book "Trade Chart Patterns Like the Pros" (Section 8.3, page 149). These bands are derived from Fibonacci expansions based on a fixed moving average, and they display potential areas of support and resistance. Traders can utilize the Fibonacci Bands indicator to identify key price...
The 2Mars strategy is a trading approach that aims to improve trading efficiency by incorporating several simple order opening tactics. These tactics include moving average crossovers, Bollinger Bands, and SuperTrend. Entering a Position with the 2Mars Strategy: Moving Average Crossover: This method considers the crossing of moving averages as a signal to...
This is a strategy intended primarily for algorithmic traders. It's a pseudo-grid bot that uses a dynamic, volume-weighted grid that only updates when the RSI meets certain conditions. It's also a breakout strategy, whereas normal grid bots are not (typical grid bots sell when a higher grid is reached, whereas this strategy sells when a lower grid is breached...
The strategy is based on the intersection of two moving averages, which requires adjusting the parameters (ratio and multiplier) for the moving average. Basis MA length: multiplier * ratio Signal MA length: multiplier The SuperTrend indicator is used for additional confirmation of entry into a position. Bollinger Bands and position reversal are used for...
Only trade with the trend. This Keltner Channel-based strategy that will only enter into a trade if the signal of the Keltner Channel agrees with a moving average crossover as defined by the user. Long Position Entries 2 Conditions must be present 1. There must be a Golden Cross (lower period moving average is above higher period moving average). ex 50...
How this script works: 1. This script is an intraday trading strategy script which buy and sell on the bases of user-defined intraday session range breakout and gives alert(if the alert is set) message too when the new position is open. 2. It calculate the session as per the user inputs or user defined custom session. 3. The script stores the highest and lowest...
The script defines a specific trading session based on user inputs. This session is specified by a time range (e.g., "1000-1510") and selected days of the week (e.g., Monday to Friday). This session definition is crucial for trading only during specific times. Lookback and Breakout Conditions: The script uses a lookback period and the highest high and...
What This is a plain and vanilla reversal based strategy for intraday (15m) timeframe on Futures prices of the assets. Now what all it comprises of? It finds out the dynamic support & resistance from Bollinger Band (20 period, 1.5 std dev). It finds out the potential divergence of price deviation from 5 period exponential moving average (EMA). If the...
Introduction: In the ever-evolving world of Forex trading, strategies that provide a competitive edge are highly sought after. The Moving Average (MA) crossover technique is a popular long-term approach, but its vulnerability to false signals can lead to potential losses. To overcome this challenge, we introduce a game-changing MA crossover filter designed to...
In the diverse world of trading strategies, the Nadaraya-Watson Envelope Strategy offers a different approach. Grounded in mathematical analysis, this strategy utilizes the Nadaraya-Watson kernel regression, a method traditionally employed for interpreting complex data patterns. At the core of this strategy lies the concept of 'envelopes', which are essentially...
0. Preface Hello traders, This is a strategy script that allows you to utilize a Grid Strategy using moving averages. It is very simple, but I decided to post it because it was hard to find such shared open-source codes in Pine Script. 1. Main This is a very simple trading method. Based on the moving average line you set, if the price drops by a certain...
This is a strongly-revised version of my VWAP Trendfollow Strategy, which follows a substantial reworking to address various structural inefficiencies with the script, such as the narrowing of the standard deviation band upon anchor reset. I will continue updating the original script with planned adjustments, this is a different proof-of-concept that builds off of...
The Powertrend is a range filter that is based off of volume, instead of price. This helps the range filter capture trends more accurately than a price-based range filter, because the range filter will update itself from changes in volume instead of changes in price. In certain scenarios this means that the Powertrend will be more profitable than a normal range...