This script is intended to generate BUY signals during pullbacks in stocks which are in the midst of mid to long-term uptrends. The ideal timeframe is Daily. Signals should be acted upon at or near the close, or at open next bar. I use 2 simple moving averages (SMA1 and SMA2) to determine whether the stock is currently in an uptrend. The default parameters...
Cumulative Delta (Expo) DESCRIPTION This is a variant of the famous Cumulative Delta function. The indicator is designed to spot trends, give a sign when it’s rewarding to buy pullbacks and indicate when the market is overbought or oversold. The indicator oscillates between the Top- and the Bottom- line. If the Candlesticks are above the midline,...
Hello traders This is a script to detect a pullback on a all standard types of moving averages You'll have the option to define two parameters a bit specific : Pullback percentage : if you want the pullback to be defined in percentage. Example: I want to capture pullbacks 3% away from my EMA 20 Buffer : Secruty margin for the pullback. You might not want...
This indicator helps you defining your max sizing, depending on the max $$$ amount you're willing to risk against a specific exponential moving average (or VWAP, default is the 13ema). You can define your max risk amount and your max allowed sizing. The indicator would suggest the best sizing in order to risk only up to the amount you are comfortable with on a...
The indicator is taken from Alexander Elders "Triple Screen System," minus using the Weekly MACD as a filter/trend. I believe waiting for the force index and the weekly MACD histogram to line-up is uber conservative and a trader will miss too many signals (In my opinion). The indicator is for a pullback trader. A trader that waits for a trend to develop then...