The basics: In its simplest form, this strategy is a positional trend following strategy which enters long when price breaks out above "middle" EMA bands and closes or flips short when price breaks down below "middle" EMA bands. The top and bottom of the middle EMA bands are calculated from the EMA of candle highs and lows, respectively. The idea is that...
This single oscillator, the cyclic RSI, is being measured for weakness in the underlying trend over a period of time and will identify divergences in price and the oscillator. Two lines are drawn on the oscillator when a potential correction is detected. Crossing the red line signifies invalidation of the potential correction and trend continuation. Crossing the...
An interesting experiment to make an indicator act as a counter. I call it CCH - Close Counter Histogram. It adds 1 when current close is higher than previous close and reduces -1 when current close is lower than previous close. In the CCH settings you set how many bars to look back and use EMA to smooth the results or disable EMA smoothing. Disable the EMA...
Yet another Array indicator, simple, but efficient which i call ADO. The indicator acts as a COUNTER of when CLOSE closes above OPEN and vice versa based on specified look back period in settings. If we have more Closes above Opens, obviously the indicator will be above ZERO and GREEN, otherwise RED. Optional to smooth it by EMA (true by default). Like if you...
The strategy is based on a momentum gauge designed for lower timeframes. In the current iteration, trades are very conservative and closed quickly. In a future version, I've planned to implement dynamic take profit and stoploss levels for ultimate accuracy and maximized profit:drawdown ratio. The strategy is specifically made for ETH and works best on the...
Mark the limits that should be used to star a Impulse Reverse trade. A Impulse Reverse trade is a counter-trend type of trading that uses the rubber-band concept. A rubber-band trade is a type of trade that looks for strong directional price movement. Every stock has its unique combination of parameters that best fit a rubber-band trade, the default parameters...
Counter trend script to be used across all market instruments and timeframes. It will be available for testing and subscription soon.
//FriendlyTrend Signal// Our Tradingview representation of our strategy. Trend-Following techniques combining analysis of buying and selling on fractals, entering low-risk positions at counter-trend points, and trailing-stop orders along moving averages. //Strategy// Red/Green circles indicate counter-trend entry positions. These are not lagging and form on the...
Reversal candles are a very easy way to identify a turn in trend, this indicator has some specific additional conditions for the reversal candle. BUY Signal reversal candle Low of current candle exceeds low of previous candle Low of current candle is lowest for last 7 candles High of current candle exceeds high of previous candle Close of current candle is...