This is a simple version of taking bull and bear positions. Time Frame: Although the time frame decided while making the script was for 1 minute chart, but after checking, even Daily charts work good. Asset class: The underlying here, is XAUUSD (GOLD) but confirmatory strong positional trades on stocks for intraday purposes. Condition: The signals are meaningful...
This script looks for a set up condition where 5 consecutive candles have broken away from the fast EMA (set to 8 by default) followed by a "trigger" candle that crosses back over the fast EMA but not the medium EMA (set to 13 by default). It then determines the entry point based on the bar high or low (not tail or wick) depending on direction of the trend. Once...
Hello world, I now took the time and puzzled through my own indicator. The idea: Main "strategy" uses 3 EMAs (8, 13 and 21) to attain trend-relevant information. Then we look for bullish & bearing engulfing candles which indicate and pullback into trend direction and a gain in momentum. Trading purpose: One could now enter with next open. SL at low/high of...
This study interprets SuperTrend with Ichimoku Cloud, one of the popular technical analysis indicator, and interprets Directional Movement (DMI), which is another quite valuable technical analysis indicator. Then combines the interpreted SuperTrend with interpreted Directional Movement (DMI) and Volume Based Colored Bars indicator created by Kıvaç ÖZBİLGİÇ...
This script determines, plots and alerts on probable trend initiation and continuation points, using tenkan-sen(conversion line of ichimoku), kijun-sen(baseline of ichimoku) and stochastic RSI, for 1 H SPX. New long/short trend initiates when prices cross above/below kijun sen. The trend continues when prices cross above/below tenkan-sen or stochastic RSI...
This script fires off a buy alert when the ADX is rising and above a user-defined value (default 25). It fires off a sell signal when ADX starts sloping downward. The lookback period to determine if it is sloping up/down (in bars) is also configurable by the user. The plot highlights green when there is a "go" signal. Thanks to @9e52f12edd034d28bdd5544e7ff92e for the idea.
The Market State Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically part of three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for the market state which acts as a trend direction and tells you whether the trend is strong in either direction. Keep in mind...
The Jsa Moving Average was created by George R. Arrington, Ph .D. (Stocks & Commodities V. 11:10 (427-431)) and it is an extremely simple formula but has very many great uses. For one thing it acts as support and resistance levels and it also acts like a trailing stop. It gives a wide enough berth during extended up or down trends to let you ride the wave up or...
Hello Traders, In the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market" by Franklin Ochoa, Four different types of reversal systems were introduced and candlestick patterns are used to find reversals. I will not write a lot about the book, you should get/read it for yourself. There are many great ideas in the book, Candlesetick...
This is a great tool to find confluences between Fibonacci Pivot point on various time frames. Fib Pivots used 23.6% 38.2% 50% 61.8% 76.4% 100% 127.2% 141.4% 161.8% 200% If price is between two levels on the update the lines shift Yearly Pivots shown on 1m - Daily timeframes PIvots recalculate on every day Monthly pivots show on 1m - 60m timeframes Pivots...
Hello Traders, Another original idea is here with you. Actualy I can say that it's a breakout strategy that uses multiple Pivot Point's averages. How it works? - it finds the Pivot Points, you can set the length as you want - it gets averages of Pivot Highs and Pivot Lows, you can set the number of Pivot Points to be included - it compares the current closing...
The Trend Analysis Indicator was created by Adam White (Stocks & Commodities V. 10:8 (358-360)) and this is not to be confused with the Trend Analysis Index which was also created by Adam White. The stock is trending when it is above the signal and loses steam when it falls below the signal. Generally you should buy when it is above it's signal and sell when it...
StochClose is a trend indicator that can be used on its own to measure trend strength, in a scan to rank a group of securities according to trend strength or as part of a trend following strategy. Moreover, it acts as a volatility-adjusted trend indicator that puts securities on an equal footing. StochClose measures the location of the current close relative to...
This is my own version of the famous Trend Direction Force Index and I modified the original to make my version react quickly to any trend. I have color coded the indicator to make it extremely easy to read so if it is green then buy and red then sell. This was a custom request so if you would like more then just send me a message!
Hello Traders, I think you all know Donchian Channels. so I am not going to write about it. With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels. How it works ? - it calculates main trend direction by using the length that is user-defined. so you can change it as you wish - then it calculates trend direction for each 9 lower...
Hello All, I think all of you knows Donchian Channels . so I am not going to write about it. With this indicator I tried to create Trend Lines by using Donchian Channel upper/lower bands. I tried add possible entry levels as well. How it works ? - it calculates main trend direction by using the length that is user-defined. so you can change it as you...
The Trend Exhaustion Indicator is a custom indicator of mine that is loosely based on the Trend Exhaustion Index created by Clifford L. Creel Ph.D. (Stocks & Commodities V. 9:1 (9-11)) This indicator will let you know the trend reversal points and when it falls below the signal line then the trend is ending vice versa. Buy when the indicator crosses above the...
This is my first custom indicator that I created as a medium to long term trend indicator. Buy if it is above 0 and sell if it is below 0. Since this is my first unique indicator, I would love to hear your feedback! Please let me know if you would like to see any other scripts!