Mean Deviation Detector - Throw Out All Other IndicatorsI set out this morning to create a script that searches out price moves that went too far too fast relative to historical pricing, given that such situations often result in the most profitable trading opportunities. I came up with the mean deviation detector. This script should be used as a means of judging how far a price is trading, in percent terms, from it's "average trading zone".
This is extremely helpful in a couple scenarios.
First, it can be used to judge a move's volatility relative to it's previous volatility. Put simply, a 5% move in the stock of Coca Cola is a lot more meaningful than a 5% move in the stock of Tesla, and the detector puts moves into historical (visual) perspective.
Second, the indicator can be used in real time as a means of determining when the chances of mean reversion are high or low. Extreme values are unsustainable and often lead to EITHER A.) price mean reversion or B.) time mean reversion. Put simply, prices either went too far and are due to fall back to a historical mean, or they need more time to digest a potentially new pricing zone.
Without getting too deep into volume profile analysis, the MDD can be a simple way of telling that a stock has moved into an "air pocket", where prices will either come back to the previous volume node (price mean reversion) or set up shop in a new, uncharted area (time mean reversion).
An extreme value doesn't always mean a trading opportunity, but it means that something interesting is happening in the stock / instrument.
I use this indicator to help me trade covered calls. Lots of high yielding weekly opportunities are stocks that have moved too far too fast, and I like to use this indicator as a means of either a.) scooping up stocks that have gotten beat up from a historical mean perspective & have likely seen the risk already "beaten" out of them, or to b.) stay away from stocks that have a very high chance of price correcting lower. In situations where I say that the risk has been "beaten" out of something, it doesn't mean that the stock won't continue to fall, it simply means that the degree and acceleration of the fall has peaked and that risk premiums in selling options will / should easily pay for continued losses. In the event that it's a price correction and not a time correction, you also increase your bat rate because you get auto-liquidated at a max profit. It's a really valuable tool in my kit.
You can also feel free to put a Keltner Chanel overlay onto the MDD to filter out noise, identify "extreme" values, and place mean reversion trades if you expect price mean reversion is likely, if you want to use this as the basis of a proper trading strategy. For a high extreme value, you could sell short term OTM call spreads, for example.
The MDD is adaptable to your own trading style & preferences.
Pesquisar nos scripts por "profitable"
Patreon Trailing StopThe Patreon trailing stop technical indicator can detect trends, find support and resistance points, filter out noise, and help users make informed decisions easily and in a timely manner. In order to provide an accurate and useful indicator most of the efforts during its development were directed toward the minimization of false signals, thus giving to the indicator the potential to further improve your trading strategies.
The trailing stop integrates visual elements for an easier interpretation of the indicator, and integrate alerts based on the buy/sell signals given by the trailing stop. All the outputs of the indicator can be used as input for other indicators.
Settings
In order to make it easier to use, the indicator only possess three user settings:
Length: Control the sensitivity to price variations, with a higher value aiming to detect longer-term trends.
Factor: A setting that aims to filter out false signals, with a higher value filtering more false signals.
Src: Source input of the indicator, by default set to median price (hl2).
Easily Filter Out False Signals
The Factor setting was carefully implemented to filter out false signals without introducing significant delay.
In green/orange the indicator with a Factor setting of 1, in blue/red the indicator with a Factor setting of 10, both using Length = 50 , we can see that increasing factor remove false signals.
The integrated support and resistance line can also help you spot potential false signals:
When the price cross the S/R line before the occurrence of a signal we could expect the upcoming signal to be false, better signals are given when the price cross the S/R at the same time a signal is produced.
Finally, the distance between the trailing stop and the price when a new signal occurs can also help out determine if this signal is false, as a higher distance between the trailing stop and the price suggest a ranging market.
Entering Trades At A Better Position
Indicators can give false signals at the top or bottom of a movement, the Patreon trailing stop can help you enter trades at a more profitable position thanks to the integrated support and resistance line.
When we have a signal but fear it might be false, we can wait for the price to reach the S/R and enter our trade at that point, this allows us to either make a profit or minimize a loss.
Integrated Adaptive Filter
The indicator integrates a trend adaptive filter (in orange), with it you can:
Filter out noisy variations from the price.
Use it as a fast-moving average in a moving average crossover system.
Use it as input for other technical indicators.
Simple moving average with period 200 using the filter as input.
How To Access
The indicator is one of the "Patreon trend following indicators", and can only be used by my Patreons, you can become a Patreon by using the link on my signature.
paratradevsa2Volume spread analysis is basically a tool to discover the correlation of price in relation to volume , in order to determine the short-term outcome of price action, in other words, where the market might be moving next.
I have developed this indicator called VSA. It tracks smart money activity and suggests the potential direction of the market.
This indicator gives signals which can be used in following ways-
-> SOW-
1. Buying Climax - For Sell.
2. Upthrust - For Sell.
-> SOS-
1. Selling Climax - For Buy.
2. Stopping Volume - For Buy.
I hope it helps people who use it and give them profitable results.
The script will be updated regularly if there are any issues.
THANK YOU.
No Repaint No Repaint on the closed candles
Access is through invite only
Do you want to use this Indicator .
To Get access - Send me a private chat message in tradingview.com to get access or request in comment section below.
If you like the script and if this useful like comment share.
Best regards and happy trading.
MCD_Pro01This indicator used for detect banker/institutional and retailer
Green is locked chips (Retailer)
Yellow is floating chips (Hot money)
Red is profitable chips (Banker/Institutional)
With 10 days Banker moving average in purple line
When the Purple line hit the Red bar it mean Banker is starting the upside trend should buy
But if the Purple line is above the Red line it mean Banker is starting downside trend should sell
This is how to short-time investing follow banker
MCDX ProMCDX Pro
Detail Explanation:
This indicator shows the status of operators and how the bankers shake out the locked chips.
Green Bar - Locked Chips
Yellow Bar - Floating Chips
Red Bar - Profitable Chips
How to use the indicators?
There are two bars that need to be focused on this indicator which is the Green Bar and Red Bar.
Green Bar means the market share still in loss and many shareholders that stuck are ready to cut loss. This caused the price of the market shares harder to increase and becoming uptrend again until it breaks certain resistance.
Red Bar means the market share is in profit and many shareholders still want to push the price. The higher the Red Bar, the stronger the momentum of the market shares.
This indicators best to be used in timeframe 5minutes(tf5m), timeframe 30minutes(tf30m), and timeframe 1hour(tf60m).
Contact me if you want to try this indicator.
Ema System Ajeet v1.0This is a 5 min, Trend following system
using two Ema's: 20 and 50
Probability of hitting the target is high when both Ema's are:
Rising and almost parallel, for Buying
Falling and almost parallel, for Selling
This will decrease the number of entries but probability of hitting the target is 88%
(Tested on 8 months data for FnO scrips cash on 5 mins data)
Target fixed at 1% or you can trail
SL fixed at 1% or you can take close above Ema20 as stop for buying and vice versa
I tested it on FnO stocks Nseindia with 5 mins chart, you are free to explore
-Ajeet Singh
DM-130 EDGE SignalThe DM-130 EDGE is a price action trading signal indicator. There is no need for downloading nor installing. It is an effective signal indicator that has proven to be successful in trading. We will help you set it up within minutes so that you can start trading immediately. It works in trading most markets!
How To Use The DM-130 EDGE:
For a BUY, the signal will display a blue arrow below the candle stick facing upwards when there is a buying opportunity, a pullback or a bullish move in the market.
For a SELL, the signal will display a red arrow above the candle stick facing downwards when there is a selling opportunity, a pullback or a bearish move in the market.
Tradingview Account Level: All Users
The indicator appears once or twice during the UK trading sessions and works best in at confluence points:
1. A Trend Line
2. A Support or Resistant Level
3. Supply or Demand Zone
4. Off Pivots
5. Off a Fibonacci Level
6. In Trend Direction
Best Pair: GBP/USD
Best Trading Times: UK Sessions
How To Set Alerts:
Click on the Alerts button on the charts
Under 'Condition', change from the currency pair displayed to 'DM-130 EDGE Signal'
Then under 'Option' click on 'Once Per Bar'.
Make sure that the you tick the boxes that appeal to you under the 'Alert Actions' part (usually 'Notify on App' and 'Show Popup') and then click the 'Create' button at the bottom.
If you tick the 'Notify on App' box under 'Alerts Actions' the alerts would appear on your smart device if you have the Tradingview App set on the device.
Amongst many great benefits you will 1. Have the confidence to enter trades 2. Have the ability to enter trades after a pullback (something only experienced traders can spot that) and even more importantly 3. You can trade profitably with consistency even if you get stopped out a few times because the wins are usually bigger!
This strategy signal will analyse price action automatically when there is a high probability of a profitable trade to enter.
It does work on most markets. We recommend using the 30m charts as it works best with this indicator. This signal is ideal for intraday/day trading.
This signal allows you to enter trades with confidence.
Use the link below to obtain access to this indicator or you can send us a private message on Tradingview.
New Age PivotsHere I'm proposing possibly the simplest and most relevant pivot style for intraday traders like me.
It utilizes fundamentals of the average range and devises S/R around that. Pivot point in this is today's open (colored lime), which is far more relevant than yesterday's/past data based pivots.
This is an attempt to reduce the influence of historical data as much as possible, as traders grow in their experience and skill, this becomes the newest and most successful methodology to stay profitable over the long run. Just my pov.
This is purely for educational purposes, no past performance be it visual or mathematical is a guarantee of success in the future. Use it at your own discretion.
The author takes no responsibility of your individual profit or loss. Also, the script will be checked protected for protection against theft, however, you can use it by adding to your favorites.
I've added the ability to hide and view historical S/R as well, it looks best when your chart is clutter-free.
Enjoy~
[astropark] Volatility IndicatorDear Followers,
today another interesting script: Volatility Indicator .
This indicator measures the volatility of the market you see in the timeframe you see, in a scale between 0 and 1.
It works on cryptocurrencies, commodities, stocks, indexes and forex.
You will see 2 volatility waves:
a black one (with green and blue shadow for increasing and decreasing mode), which is the "faster" one
a red one (with orange and purple shadow for increasing and decreasing mode), which is the "slower" one
The indicator highlights high volatility when it's near the top (1), while low volatility when near the bottom (0).
You can combine this indicator with your own strategy and indicators to validate them :
on low volatility it often happens that a signal fails to be profitable, as it lacks fuel
while it's better if volatility is over low level as price has more room to run while volatility increasing to the top
This indicator also lets you set alerts when volatility exceeds high level or low level.
This is a premium indicator , so send me a private message in order to get access to this script.
The SetUpps Strategy EDGE SignalThe SetUpps Trading Strategy HM-415 EDGE, DM-130 EDGE and MD-11 are price action trading signal indicators. There is no need for downloading nor installing. It is an effective signal indicator that has proven to be successful in trading. We will help you set it up within minutes so that you can start trading immediately. It works in trading most markets!
How To Use SetUpps Strategy Signals:
For a BUY, the SetUpps Signal will display a blue arrow below the candle stick facing upwards when there is a buying opportunity, a pullback or a bullish move in the market.
For a SELL, the SetUpps Signal will display a red arrow above the candle stick facing downwards when the is a selling opportunity, a pullback or a bearish move in the market.
The indicator works best in at confluence points:
1. A Trend Line
2. A Support or Resistant Level
3. Supply or Demand Zone
4. Off Pivots
5. Off a Fibonacci Level
How To Set Alerts:
Click on the Alerts button on the charts
Under 'Condition', change from the currency pair displayed to 'The SetUpps Strategy EDGE Signal'
Then under 'Option' click on 'Once Per Bar'.
Make sure that the you tick the boxes that appeal to you under the 'Alert Actions' part (usually 'Notify on App' and 'Show Popup') and then click the 'Create' button at the bottom.
If you tick the 'Notify on App' box under 'Alerts Actions' the alerts would appear on your smart device if you have the Tradingview App set on the device.
Amongst many great benefits you will 1. Have the confidence to enter trades 2. Have the ability to enter trades after a pullback (something only experienced traders can spot that) and even more importantly 3. You can trade profitably with consistency even if you get stopped out a few times because the wins are usually bigger!
The SetUpps Trading Strategy signals will analyse price action automatically when there is a high probability of a profitable trade to enter.
It does work on most markets on all time charts but we will give you our recommended time frames that works best with this indicator.
The SetUpps Strategy signal is ideal for scalping, intraday and for swing trading.
This signal allows you to enter trades with confidence.
Disclaimer:
Previous performances are not an indication of any future performances. We are not investment adviser nor do we advice you on trading. All our opinions, information, analysis, prices and/or market commentary are not advice about investments. Any SetUpps™ Trading staff or partners or representatives can not warrant the completeness, accuracy or timeliness of any information we have supplied and we shall not be liable for any losses or damages, consequential or otherwise, incurred by the use of our products which may be the result of relying on the SetUpps™ Trading strategy. © 2020 SetUpps™ Trading.
The SetUpps™ Trading indicator is built for use on Tradingview. SetUpps™ Trading is not part of Tradingview.
NIKI MS FXSpecially created script for forex and commodity markets. It is more suitable for positional trading. The 1 hour chart shows more profit. It has multi time frame analysis. The Donchian channel acts as a dynamic support and resistance. The signal to signal trading is also profitable based on our back test results. The background color represents the main trend and the color of the candle represents the short term trend. Trade can execute based on 'buy', 'sell' signal.
Contact us using the links below to obtain access to this indicator
Variable Index Dynamic Average VIDYAChande's Variable Index Dynamic Average (VIDYA) is similar to the Exponential Moving Average (EMA), but automatically adjusts the smoothing weight based on price volatility.
VIDYA was developed by Tushar Chande and presented in Technical Analysis of Stocks & Commodities magazine in March 1992.
In the first version, a standard deviation was used as the Volatility Index
Chande modified VIDYA in October 1995 to use a new Chande Momentum Oscillator (CMO) as the Volatility Index.
So I decided to add an option for the users to change the calculation method.
Default calculation is by using Chande's Momentum Oscillator
Users can change the calculation method to Standart Deviation by unchecking the box on the settings menu.
Another option is to fix the CMO length parameter to 9 to make VIDYA more sensitive to price movements.
CMO parameter is defaultly fixed to 9 but users can change the length of the parameter to the VIDYA length by unchecking the relevant box.
As a moving average, VIDYA smooths the market noises and shows the market trends more clearly.
To achieve the goals, the indicator filters out the market fluctuations (noises) by averaging the price values of the periods, over which it is calculated. In the process, some extra value (weight) is added to the average prices, as it is done during calculations of all weighted indicators, such as EMA, LWMA, and SMMA. But during the VIDIYA indicator's calculation, every period's price receives a weight increment adapted to the current market's volatility.
Note that the value of the smoothing factor (k) is calculated with the help of the period's EMA, and increasing or decreasing of the value is achieved by using CMO Chande Momentum Oscillator as a measure of the market's volatility. As a result, the indicator slows down and does not react to the market's volatility when it increases and, on the contrary, speeds up when a strong steady trend takes place.
Note:
Alarm added for color changes.
Hope you use this one at profitable trades.
Scalper ALThe script is an updated version of our old Scalper 1.1. It includes a linear regression line for trend indication, a moving average line and the buy sell labels. The fluctuation and strength of the trend can be discerned from Pearson's value and its sign. Algorithmic trading can be done by setting an alarm. There is a provision to set target and stop loss in setting window(for algo trading). It's more profitable on the 15 minute chart, and applies to any type of stock.The color of the moving average represents the short term trend.
Contact us using the links below to gain access to this indicator
Kilted Price Action TraderDescription : Uses all the following indicators as a default pre-set template
1. SMA 200 (longer term for direction/trend)
2. EMA 20 (shorter term for assisting with entry)
3. EMA 50 (medium term for assisting with entry)
FEATURES
- Allows you to switch off showing moving averages and all other chart objects so that you can see price action VERY clearly
- Allows you to show the most significant bearish candle patterns (for shorts) or bullish candle patterns (for longs)
- Allows you to show the most significant bearish or bullish candle patterns relative to the longer term SMA (200 being the default)
- Allows you to show bearish and bullish candle patterns relative to the various EMAs
- Allows you to employ good trade and risk management by SCORING YOUR TRADE and allows you to tick off on some good checklist items in order before taking a trade,
showing the result on the chart as a "score ranking" (HIGH, MEDIUM, LOW) so that you can journal your trade and validate that you took a disciplined trade
SUMMARY
This is a Price Action based indicator that allows you to pickup some good default settings for any market and display the most significant candlestick patterns, with the key differentiators being:
- this indicator will show you the most significant profitable candle patterns and you can select to show bullish or bearish setups, or those relative to the longer direction SMA (shows only bullish candles when price is above SMA and only bearish candle patterns when price is below SMA - for safer trades)
- it allows you to SCORE YOUR TRADE with a pre-set checklist BEFORE taking a trade, which is especially good for any experienced trader so that you are continuing to trade your plan and plan your trade
- The scoring systems helps with journaling your trades so that you can show your trade setups and provide evidence that you followed some basic rules and discipline, assisting you to become a better trader
HFT Fibonacci Bands Indicator
Default Settings are meant to be used in XBT/USD chart on 15 min time frame. If you want to use for another asset on another time frame YOU MUST CHANGE THE SETTINGS
This is a Fibonacci bands based trading indicator developed by HFT Research. It is a highly customizable indicator and provided endless opportunities to find profitable trades in the market.
Use Fib BB
This is the main decision maker of the strategy. Tuning the settings of this portion of the strategy will change the outcome the most. We have provided default settings. However, they are only good for 15min chart on Bitcoin. Please adjust accordingly.
Fib BB Length: This setting adjusts the middle line of your Fibonacci Bands. It is the moving average that you take it as base for your Fibonacci bands. Default value is currently 20.
Fib Level to Use for Entry: Here, you adjust which one of the Fibonacci Ratio levels you would like to use for your entry. You can only choose one of the following options.
Fibonacci Ratio 1
This is your Fib ratio level 1 and you can put any number here you would like
Fibonacci Ratio 2
This is your Fib ratio level 2 and you can put any number here you would like
Fibonacci Ratio 3
This is your Fib ratio level 3 and you can put any number here you would like
Please keep in mind that Ratio 1 should be higher than Ratio 2 and Ratio 2 should be higher than Ratio 3.
Use RSI
You can also turn on and off the RSI as well. Alternatively, there is an option to use RSI on a different time frame than you are currently on. For example, if you are looking at the 5min chart to use Bollinger bands but you would like to look at the RSI value on the 15min chart. You can do so by selecting the custom RSI timeframe as well as adjusting the Oversold and Overbought value.
Use CCI
Commodity Channel Index is an indicator developed by Donald Lambert. It is a momentum-based oscillator used to help determine when an investment vehicle is reaching conditions of being overbought or oversold. It also used to asses price trend direction and strength. Default settings are usually the safest and the best fit.
Use VWAP
VWAP stands for volume weighted average price. It is an extremely useful indicator when trading intra-day. It does reset every trading session which is at 00:00 UTC. Instead of looking at x number of candles and providing an average price, it will take into consideration volume that’s traded at a certain price and weigh it accordingly.
Use ADX
ADX stands for average directional index. It is an indicator that measures volatility in the market. Unfortunately, the worst market condition for this strategy is sideways market. ADX becomes a useful tool since it can detect trend. If the volatility is low and there is no real price movement, ADX will pick that up and will not let you get in trades during a sideways market. It will allow you to enter trades only when the market is trending.
Use MA Filters
Lookback: It is an option to look back x number of candles to validate the price crossing. If the market is choppy and the price keeps crossing up and down the moving average you have chosen, it will generate a lot of “noisy” signals. This option allows you to confirm the cross by selecting how many candles the price needs to stay above or below the moving average. Setting it 0 will turn it off.
MA Filter Type: There is a selection of moving averages that is available on TradingView currently. You can choose from 14 different moving average types to detect the trend as accurate as possible.
Filter Length: You can select the length of your moving average. Most commonly used length being 50,100 and 200.
Filter Type: This is our propriety smoothing method in order to make the moving averages lag less and influence the way they are calculated slightly. Type 1 being the normal calculation and type 2 being the secret sauce.
Reverse MA Filter: This option allows you to use the moving average in reverse. For example, the strategy will go long when the price is above the moving average. However, if you use the reserve MA Filter, you will go short when the price is above the moving average. This method works best in sideways market where price usually retraces back to the moving average. So, in an anticipation of price reverting back to the moving average, it is a useful piece of option to use during sideway markets.
If you want to get access to this indicator please DM me or visit our website.
Daily SMAs 10/20/50/100/200This is one of the oldest and simplest trading tools still utilized today, having an ancillary role with long term trading and analyst's commentary in media/news. It's a multicator employing PSv4.0, freely available to ALL, with numerous simple moving averages(SMAs) that use different historical periods of observation in their formulations to portray trading bias. I have revived this tool to my modern expectations of what it could be, embellished with the "Power of Pine".
I provided these moving averages in pastel colors with dotted step-lines as an attempt to not interfere with other "more important indicators" that may exist in your overlay pane. In "Settings" with the "Time Frame" input() set to "Daily", while inspecting much smaller time frames other than daily candles, you may use the sampling quantization tweak to smooth out those step-lines for a different visual appeal. This is exemplified in the lower indicator pane of the chart demonstration above. Also, the brightness control can be quickly and easily fine tuned to your personal preference of visibility that is not distracting. The moving averages are all independently adjustable if you require more responsive calculations with shorter periods of time, or longer...
Features List Includes:
"Daily" or "Chart" time frames
Brightness control
Line thickness adjustment
Sampling quantization tweak
Adjustable periods for the SMAs
The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Binary Superscalping System by Hashtag_binaryBinary Superscalping Systyemis a trend momentum strategy designed for scalping and trading with binary options. This trading system is very accurate with the 80% profitable trades.
- Markets: Forex (EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/CAD, NZF/USD, USD/JPY,) Indicies (S&P500, Dow Jones, DAX, FTSE100) and Gold.
- Time Frame 5 min, 15min, 30min.
- Expiry Time (4-6 candles).
Buy Call or Buy:
- Trend CCI (170) crossed the zero line upwards (green bar >0);
- Entry CCI (34) crosses upward the zero line ;
- RSI (Relative Strength Index) indicator value is greater than 55 level;
- Heiken Ashi Smoothed indicator is color blue (optional).
Buy Put or Sell
- Trend CCI (170) crossed the zero line downwards (red bar <0);
- Entry CCI (34) crosses downward the zero line ;
- RSI indicator value is lower than 45 level;
- Heiken Ashi Smoothed indicator is color red (optiona).
Exit position for Scalping options:
- Entry CCI (34) crosses in opposite direction trend CCI (170),
- Profit Target:5 min time frame 7-10 pips, 15 min time frame (9-14 pips), 30 min time frame (15- 18 pips).
- Make Profit at fibopivot levels.
- Initial stop loss on the previous swing.
Ultimate Trader Oscillator - UTO v1Note; this is experimental / learning work -- has nothing to do with the existing "Ultimate Oscillator" -- i call this project UTOpia :)
This is based on some research work i was doing around the Balance Of Power - which i posted about in the past
the conclusion form there was a questions of, what would we get if we create an indicator that takes into consideration other factors that may be affecting momentum - so while the classic Balance of Power formula looks at where the open and close of a bar are compared to the full bar range, this is only a small part of the insight we need - when we visually inspect a price chart, we also look at many other factors. for example, how the bar closes compared to previous bar(s), how much did the bulls (or bears) managed to move the high (or low) of the bar compared to previous one, how much volume, how is the price spread ...etc
so i wanted to build an indicator that does exactly that - we will give a score of +100 / -100 to each bar based on these factors (some were identified in the linked post) -- imagine here that we are a judge in a tug of war contest (or a beauty contest if you would :)) and we give a score to the participating teams - the scores are given in different "categories" as these teams make effort to win the game (each bar) - to be totally fair, in some scoring categories, we choose to take the average of 3 points for a fair assessment - the final score is calculated based on the average from all judges - and then and average over the desired length is calculated. this score should be very fair and represents the true effort from all angles, right? that would be our UTOPIA :)
in our case, we don't use an average of total score after each category is evaluated, but rather create a directional index (similar to RSI) -- so we can avoid big spikes in the resulting numbers, and maintain a oscillator -like result.
-- the code is commented to explain the various pieces - and how the scoring happen.
the results are interesting - and you can see how the UTO stacks against the classic RSI and BoP - but it's more of a work to build on, rather than a usable indicator - although i do use it in my own trading :)
one final thought here, i came to learn after few years that the best indicators do not necessarily lead to profitable trading. from an indicator standpoint, if everyone else is trading using (for example) a moving average crossover or RSI, then a successful trader should be looking at these classic indicators too, cause these common indicators will drive the mass behavior - and will at many times trigger "self- fulfilling prophesies" in price action - but that's not the only or the biggest reason - the big reasons have to do with the fact that trading needs a lot of effort outside the charts, in researching markets, learning the discipline, then managing positions and managing the portfolio. these are all big topics to put in such short words.
i hope some will find this work inspiring.
Milan OscillatorBill Williams Breakout Setup
I have referred to the man multiple times whether tweeting about him or writing a blog post. Now I want to relearn how breakout trading works, again. A while ago, my friend invited a bunch of us into a Zoom conference sharing us how his setup works for him. He reintroduced me to Bill Williams' indicators which looked like below.
The rules are simple:
Prices are moving away from Alligator, open and closed above the first time.
AC is twice consecutively at par with the direction.
AO is twice consecutively at par with the direction.
Entry on the third candle to be sure, or the second if you're willing to risk it.
The chart above is an example from the 4 hourly time-frame. Before going into any entry, to get a macro perspective, should check on these time-frames first:
Weekly
3 Days
Daily
Bonus points if monthly time-frame is also at par with the bias. Here are the charts for the larger time-frame.
It's been profitable trading with the above setup but then I have an itch to scratch. I wanted to have just a single oscillator instead of two to look at. It will enable me to make decisions faster and can use my brain juice to think about something else.
So I combined the two to create a new oscillator. I call it the `Milan Oscillator` in honor of my friend Patris who reintroduced me to Bill Williams yet again. Patris' favorite team is AC Milan, here's to you bro 🍺
Here are the same charts above with Milan Oscillator.
The rules are a bit different than the rules above:
No entry when the oscillator is gray, this means AC and AO are disagreeing.
Prices are moving away from Alligator, open and closed above the first time.
Oscillator is twice consecutively at par with the direction.
Entry on the third candle to be sure, or the second if you're willing to risk it.
On lower volume moves, prices will retest alligator, can be an entry if the retest fails.
Feedbacks are appreciated.
HFT Scalper IndicatorThis strategy is a scalper strategy developed by HFT Research. Scalper is highly customizable and provides endless opportunities to find profitable setups in the market.
Use Bollinger Bands
This piece of the settings will turn and off Bollinger band’s input in the decision making. BB Length will determine the Moving average you are using to take the standard deviation off of which is named as BB Multiplier. Default settings will use 20 moving average and take standard deviation of 2 to create lower and upper bands. Increasing the Multiplier will give you fewer but safer entries.
Use Bollinger Bands %
This setting will allow the user to determine at what Bollinger band width %, he wants to take start looking to take trades. It is known that when prices are stable and moving sideways, Bollinger bands contract and it becomes more reactive to small moves in the market. Using this setting, you can ignore the signals that would be generated while Bollinger bands are contracted. This setting will allow the user to weed out the noise in the market and really allow them to make the most out of Bollinger bands.
Use RSI
You can also turn on and off the RSI as well. Alternatively, there is an option to use RSI on a different time frame than you are currently on. For example, if you are looking at the 5min chart to use Bollinger bands but you would like to look at the RSI value on the 15min chart. You can do so by selecting the custom RSI timeframe as well as adjusting the Oversold and Overbought value.
Use STOCH
For those who want extra protection on their entry can throw STOCH into their decision making. STOCH acts like RSI but it is more prone to small moves. It will help the users to get a better entry if used correctly. Stoch may not be in the buy zone when RSI is at say 35, however, if price dips a little more and STOCH might be in the buy zone when RSI is at say 20. This way it will help you have better entries than just using RSI. In a way, you can use STOCH to scalp RSI.
Use VWAP
VWAP stands for volume weighted average price. It is an extremely useful indicator when trading intra-day. It does reset every trading session which is at 00:00 UTC. Instead of looking at x number of candles and providing an average price, it will take into consideration volume that’s traded at a certain price and weigh it accordingly.
Use ADX
ADX stands for average directional index. It is an indicator that measures volatility in the market. Unfortunately, the worst market condition for this strategy is sideways market. ADX becomes a useful tool since it can detect trend. If the volatility is low and there is no real price movement, ADX will pick that up and will not let you get in trades during a sideways market. It will allow you to enter trades only when the market is trending.
Use MA Filters
Lookback: It is an option to look back x number of candles to validate the price crossing. If the market is choppy and the price keeps crossing up and down the moving average you have chosen, it will generate a lot of “noisy” signals. This option allows you to confirm the cross by selecting how many candles the price needs to stay above or below the moving average. Setting it 0 will turn it off.
MA Filter Type: There is a selection of moving averages that is available on TradingView currently. You can choose from 14 different moving average types to detect the trend as accurate as possible.
Filter Length: You can select the length of your moving average. Most commonly used length being 50,100 and 200.
Filter Type: This is our propriety smoothing method in order to make the moving averages lag less and influence the way they are calculated slightly. Type 1 being the normal calculation and type 2 being the secret sauce.
Reverse MA Filter: This option allows you to use the moving average in reverse. For example, the strategy will go long when the price is above the moving average. However, if you use the reserve MA Filter, you will go short when the price is above the moving average. This method works best in sideways market where price usually retraces back to the moving average. So in an anticipation of price reverting back to the moving average, it is a useful piece of option to use during sideway markets which is the worst market condition for scalper.
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Momentum Pinball////////////////////////////////////////////////////////////////////////////////////////////////
//// Momentum Pinball, when you get a buy/sell signal, wait for the next day
//// enter on the high or low of the first hour and place a stop in the low/high
//// of the first hour. If the day you get filled closes profitable you can decide to close
//// the trade buy the end of the day or hold overnight and exit the following morning
////////////////////////////////////////////////////////////////////////////////////////////
Brick IndicatorBrick Indicator :-
A wonderful book written by "Prashant Shah" named "The profitable trading with renko chart" has been mentioned many technical indicator in this book. But today we are going to tell about an indicator who does a lot of amazing work inside the Renko chart. The Indicator name is "Brick Indicator" works on very simple calculations. Inside it, it is seen how much Brick Bullish was and how Brick was Bearish. Which shows whether the trend is upwards or downwards. At the same time, inside it we use the line of EMA. So that we can catch the trend quickly.
Brick Line Formula: - Numbers of periods bullish candles - Numbers of periods bearish candles
With this line, we put the line of EMA, so that the signals of the market get even better.
TQ_STOCHThis is a modified stochastic oscillator. It works very well with Forex pairs, traditional markets and has also proved itself profitable with BTC. The aim of this indicator is to help you predict a change in direction of the market.
When lower periods are above higher periods you are looking to buy of support and when lower periods are below higher periods you are looking to sell of resistance.
Lowest period: pink
Medium period: white
Longest period: turquoise
PERFECT LONG: pink line above the white and white above the turquoise. Turquoise should serve as support for the white line and white line should serve as support for the pink line. BUY when pink line tests the white line and bounces off.
PERFECT SHORT: pink line below the white and white below the turquoise. Turquoise should serve as resistance for the white line and white line should serve as resistance for the pink line. SELL when pink line tests the white line and bounces down.
You can also play less perfect signals where pink or white tests blue as support or where white is not above the blue line yet but you still get a test of the white from the pink. These are slightly more risky.
- SOME SIGNAL EXAMPLES:
Enjoy :)
Brick ZoneBrick Zone
Bullish patterns can be traded when the brick count indicator is in a bullish zone while bearish patterns can be traded when it is in a bearish zone. Brick Zone indicator specially designed for renko chart. The brick zone indicator oscillates around the zero line and can also become negative. It will show a positive value when the number of bullish bricks is greater than zero and will turn up a negative value when the number lesser than zero.
Brick Zone = Number of Bullish Bricks – Number of Bearish Bricks
Above zero – Market Bullish
Below Zero – Market Bearish
This indicator inventor name is “Prashant Shah” and this indicator introduced in “Profitable Trading With Renko Chart” Book.
