WhiplashClimax setup looking for a reversal the next day after a gap, this works best if the signal is triggered after a prolonged move in one direction. Enter the position at the close of the day when you get a signal and exit for a loss the next day if not profitable, otherwise, trail a stop to lock profits.
Pesquisar nos scripts por "profitable"
Momentum Pinball IndicatorMomentum Pinball, when you get a buy/sell signal, wait for the next day enter on the high or low of the first hour (depending on the signal) 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 by the end of the day or hold overnight (if there was a considerable move) and exit the following morning. This strategy is based on the 3 period RSI of the one period ROC
Consolidation vs Trending
ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used. ADX can be used on any trading vehicle such as stocks, mutual funds, exchange-traded funds and futures.
ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two directional movement indicator (DMI) lines, from which ADX is derived.
When the +DMI is above the -DMI, prices are moving up, and ADX measures the strength of the uptrend. When the -DMI is above the +DMI, prices are moving down, and ADX measures the strength of the downtrend.
ADX values help traders identify the strongest and most profitable trends to trade. The values are also important for distinguishing between trending and non-trending conditions. Many traders will use ADX readings above 25 to suggest that the trend is strong enough for trend-trading strategies. Conversely, when ADX is below 25, many will avoid trend-trading strategies.
ADX Value Trend Strength
0-25 Absent or Weak Trend
25-50 Strong Trend
50-75 Very Strong Trend
75-100 Extremely Strong Trend
EasyBee59 v1.0EasyBee59 v1.0 for TradingView does tedious CC59 counting for you automatically in your investment chart. It then creates respectable support and resistance levels based on CC59 counting results as well as marks and reminds you about important parameters that are happening so that you would not forget to consider them before placing trade orders. The events occur in the chart can be set to send server-side alerts to your smart phone so that you don't have to stay in front of the screen all the time.
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The source code of EasyBee59 v1.0 for TradingView is protected. Only invited TradingView members can access and use this script.
Lifetime invitation to use it is for 100 USD with free future upgrades and online supports. Paypal, bank transfer and bitcoin payments are welcome.
For more informaton please contact the author (DrGraph or Nimit Chomnawang, PhD) via TradingView private chat
or in the comment field below.
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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "EasyBee59 v1.0".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precesion" to 1/100 for stock price or 1/100000 for forex and set "Time Zone" to your local time.
*In "Status line" tab, uncheck "Indicator Arguments" and "Indicator Values".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "DrGraph chart setting".
*Click OK.
For free TradingView plan, you can add two more indicators to the chart. That means you may add Stoch and Vol indicators with same parameters as those setup in EasyBee59 to your graph. DrGraph regularly publishes his educational ideas on using features provided in EasyBee59 for profitable investments. You can follow him for how to use the tools in trading stocks, forex, and crypto currencies.
Main Indicators @ MadnessCryptoInspired by veteran contributors of tradingview
Indicators list:
1. Main indicators: Moving average collection, Ichimoku, Bollinger Bands, fibonanci, simplize candlestick price action...
2. Price Action indicators: Candlesticks of (almost) any kinds. Harmonic Patterns: ABCD, Alt Bat, Butterfly, Crab, Wolf Wave, Head and Shoulders, Triangle...
3. Advanced indicators: top/bot finder, breakout detector, unpopular indicators
4. Signal & backtest tools: focus on two main factors: percent profitable & profit factor
Cheers,
Madness Crypto
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Incase if those's scripts are useful, you can buy me a coffee
ETH & ERC20 tokens: 0xA2F57Cc46A5268F16A0224a81EDe7154218Ce890
Bitcoin: 1PTSbWK6snVSULBXhfx5TD9pJkkYCDe4PC
Binance & BEP2 tokens: bnb1tlxgpnguzq0w3w6myhd0t3d2j9wqd2pzpkudpc
Candle ID - Trading RoadMapCandle ID- Trading RoadMap
Simple Script to show
- Inside Bar
- Outside Bar
- Up Bar: Bar with a Higher Hi in comparison to the previous bar
- Down Bar: Bar with a Lower Low in comparison to the previous bar
Have a peaceful and profitable trading day 😊
Khaled Maziad
Simpel MACDThere is alpha in here, and it is profitable out of sample. However, the trade logic is not included.
Happy hunting,
Sim
BINGO - LTF Bitmex Scalper for ETHThis is my first script which is exclusively made for ETH/USD for bitmex on 5-10min timeframe(Note: This is not for higher timeframe script, it was not designed to sustain all timeframes, but it might show some good results and you have to test it on your own). It might work for other coins, but i don't recommend it.
Its based on few parameters which I have been using to scalp ETH.
Currently its skipping few trades and exits which i will fix in sometime(getting to learn pine script), nevertheless it is by far most profitable of all my strategies.
LEGENDS:
1. Green Arrow up - Long
2. Red Arrow down - Short
3. Green TP - Take Profit for short position
4. Red TP - Take Profit for long position
If in Long postion, put STOP at low of 2nd last candle until TP1 hits. At TP1, take some profit and move stop to little above entry. Same for Short, put STOP and high of 2nd last candle until TP1 hits.
Also, it does not have alert function, so all of the trades have be manually executed. Trades are shown in chop zones as well, which will result in losses, so better use a chop indicator to avoid those trades.
Next update will have
1. FIxed missing Trades and Exits
2. Alerts
3. Improved Algo( Removal of signals in chop zone, options to have safe and risky entries, Stop placements)
4. Misc features such as, bar color change, multiple Buy/Sell(currently its alternative - Multiple means, if its a BUY and another BUY comes then it will show that too so you can add to the current trade) etc..
Just to clear my intentions, this script will be "paid only access" after next update(2-3 weeks). If you can, please tag your friends so they can benefit too. Please feel free leave a comment with all the suggestions and test results.
If you have made some money with this script, leave some tip:
BTC: 15sbDhh8t4itiFLuSTmznF87SMspvHBrDh
ETH: 0x8be1be65e9d6a167b8a4d10fda152d1d29e8e4cb
Silent Whale EchoThe Silent Whale Echo is the first real Artificial Intelligent EMA.
You can put any EMA on your chart and it won't match the same level as profitable as Silent Whale Echo can achieve.
The matrix is not running on Tradingview.
But the output did.
And you can switch to any timeframe.
This indicator only works for btc.
And any friends can pm me to get access for free.
You can see how well it works.
1) Daily
2) 4Hrs
3) 15Mins
In the past,
1) Daily
2) 4Hrs
Trend's shifting,
1)20k->3k
2)3k->8.9k
And this won't repaint!
We rule the data ocean and one day will enlighten the humanism,
Cheers!
[HTI] Hiubris Trend Indicator 1.4Hiubris Trend Indicator is super easy to use.
The Indicator includes Long and Short signals on chart, based on the current Trend direction - These signals can be also set up as Alerts.
It also includes multiple partial Exit Points (Take Profits) that can be used to lock in the profit you have made - These signals can be also set up as Alerts.
The Take Profits have a custom input that can be adjusted by the user regarding the frequency of the take profits - (The risk involved in each trade)
The indicator has a special Stop Loss feature that activates after a certain custom number of Take Profit points passed, locking down your profits you have made so far - These signals can be also set up as Alerts.
Hiubris Trend Indicator is very profitable on higher timeframes (45min, 2h, 4h) - It can also be used on lower timeframes, together with another HigherTimeframe Trend indicator, acting as a filter for the alerts (Ex: Hiubris Long Term Trend)
Silent Whale DeltaOnly Silent Whale group member can access to this one.
Non-repaint and extremely high accuracy on the crypto market.
It can scalp the 5 mins chart to the level as profitable as 4 hrs.
Thank you, Eric, Scarlett, and Alex.
Correlation Volitility Bars [BVCC]This chart will allow you to compare the volatility of correlation of any other instrument to your current chart. When the comparison coin is selected, it will overlay your current bars with additional information that shows up/down correlation to your master chart as well the volatility of that correlation.
This can be used to compare other coins to BTC for a quick visual reference of if a coin moves with or against BTC movements. If the comparison coin moves up on the given bar, it is represented by a green histogram ABOVE of your current candle. If the comparison coin moves down, it is represented as a red histogram BELOW your current candle.
The height of the correlation candle represents the percentage that the comparison coin moved up or down. The longer the candle, the farther that coin moved.
The blue band represents a 'volatility reference'
-If your comparison coin stays within this band, then it is moving at an absolute rate which is less than the absolute rate of the master coin.
-If your comparison coin moves outside of this band, then it is moving at an absolute rate which is more than the absolute rate of the master coin.
A couple of example of how to read this;
*******Master Candle = Up | Comparison Candle = Up | Equal to Volatility Band********
This means that when the master went up, so did the comparison coin and they both moved equal amounts
******Master Candle = Up | Comparison Candle = Down | Outside Volatility Band*******
This means that when the master went up, the comparison coin went down in response and it's downward response was greater than the corresponding master up movement
******Master Candle = Up | Comparison Candle = Up | Outside Volatility Band*******
This means that when the master went up, the comparison candle responded by going up as well but made more % gains than the corresponding master candle.
Uses for this indicator would be research into the historical performance of how a specific coin reacts to BTC and whether it is a more or less profitable vehicle than BTC during that time period. If the price is consistently outside of the Volatility band then you can infer that this coin is hypersensitive to BTC movements. If the price is consistently within the bands, then you could infer that your comparison coin is relatively correlated or unfazed by BTC.
Cracking Cryptocurrency - Time TransformationTime Transformation is the creation of the Cracking Cryptocurrency Premium Trading Group . It's purpose is to provide volume , momentum, trend, and divergence at a glance. This limits the restrictions of a trader dramatically, by providing them with a powerful tool applicable on any asset, any time frame.
Momentum:
Time Transformation accurately interprets precise entry and exit positions in a ranging market via overbought and oversold conditions. When an asset is trending, these levels also indicate short-term exhaustion, and ideal profit taking levels.
These levels are completely customization, by adjusting the Cycle Length, and the boundaries of overbought and oversold itself. Also, with an advanced algorithm that calculates advanced price action, you can adjust this measurement for optimum results. One can even look at the momentum on a different time frame.
Trend:
Utilizing the power of Heikin Ashi to identify the dominant trend, this allows a trader to filter out the noise of Japanese candlesticks while still looking at their more accurate OHLC price information. Bars are colored pursuant to the dominant Heikin Ashi trend. One can also look at the Heikin Ashi trend of a higher or lower time frame to adjust the noise filtration.
Volume:
All traders know that we need volume for profitable movements. This indicator succinctly points out periods of unnatural volume , alerting a trader that a potential reversal or breakout may be occurring.
Divergence:
This Indicator understands fractal patterns of price action and oscillator movement. This allows for both Regular and Hidden divergence to be detected and displayed on the screen in real-time. One of the most powerful features of this indicator.
This Indicator boasts Multi-Time Frame features for both it's Momentum Oscillator and Trend Pattern Function, as well as fully adjustable settings for every function. Alerts are coded for every possible occurrence a trader could want.
Begin your journey towards market domination today. Allow this Indicator to Transform your Trading as it Transforms Time.
For access to this and all other Cracking Cryptocurrency Proprietary Indicators and Strategies, visit Cracking Cryptocurrency Premium Trading Group
Update Log:
-Adjusted default aesthetics to make Signal and Trigger Line more visible on a variety of backgrounds.
-Adjusted default aesthetics of zero line, overbought, oversold.
-Updated entire script to Pine Script Version 3.
-Updated Heikin Ashi Bar Recoloring Script - Will not re-paint, monitors the open and closing price and switches colors faster.
-Updated Input Setings for Multi-Time Frame feature. Much easier and more intuitive to select Time Frames from the drop-down menu.
-Simplified Input Settings, making them more intuitive.
-Updated Alert Messages to ease language barrier difficulties.
By Request: Added Alert Function for regular crosses.
Upcross = Fisher Crossing Over Signal Line.
Downcross = Fisher Crossing Under Signal Line.
Note that these are not buy/sell signals as per the Time Transformation strategy, as those crosses must occur in either overbought or oversold territory. :)
5 MAs w. alerts [LucF]Is this gazillionth MA indicator worth an addition to the already crowded field of contenders? I say yes! This one shows up to 5 MAs and 6 different marker conditions that can be used to create alerts, among many other goodies.
Features
MAs can be darkened when they are falling.
MAs from another time frame can be displayed, with the option of smoothing them.
Markers can be filtered to Longs or Shorts only.
EMAs can be selected for either all or the two shortest MAs.
The background can be colored using any of the marker states except no. 3.
Markers are:
1. On crosses between any two user-defined MAs,
2. When price is above or below an MA,
3. On Quick Flips (a specific setup involving a cross, multiple MA states and increasing volume, when available),
4. When the difference between two MAs is within a % of its high/low historic values,
5. When an MA has been rising/falling for n bars,
6. When the difference between two MAs is greater than a multiple of ATR.
Some markers use similar visual cues, so distinguishing them will be a challenge if they are used concurrently.
Alerts
Alerts can be created on any combination of alerts. Only non-consecutive instances of markers 5 and 6 will trigger the alert condition. Make sure you are on the interval you want the alert to run at. Using the “Once Per Bar Close” trigger condition is usually the best option.
When an alert is created in TradingView, a snapshot of the indicator’s settings is saved with the alert, which then takes on a life of its own. That is why even though there is only one alert to choose from when you bring up the alert creation dialog box and choose “5 MAs”, that alert can be triggered from any number of conditions. You select those conditions by activating the markers you want the alert to trigger on before creating the alert. If you have selected multiple conditions, then it can be a good idea to record a reminder in the alert’s message field. When the alert triggers, you will need the indicator on the chart to figure out which one of your conditions triggered the alert, as there is currently no way to dynamically change the alert’s message field from within the script.
Background settings will not trigger alerts; only marker configurations.
Notes
MAs are just… averages. Trader lure would have them act as support and resistance levels. I’m not sure about that, and not the only one thinking along these lines. Adam Grimes has studied moving averages in quite a bit of detail. His numbers point to no evidence indicating they act as support/resistance, and to specific MA lengths not being more meaningful than others. His point of view is debated by some—not by me. Mean reversion does not entail that price stops when it reaches its MA; rather, it makes sense to me that price would often more or less oscillate around its MA, which entails the MA does not act as support/resistance. Aren’t the best mean reversion opportunities when price is furthest away from its MA? If so, it should be more profitable to identify these areas, which some of this indicator’s markers try to do.
I think MAs can be much more powerful when thought of as instruments we can use to situate price events in contexts of various resolutions, from the instantaneous to the big picture. Accordingly, I use the relative positions and slopes of MAs in both discretionary and automated trading; but never their purported ability to support/resist.
Regardless of how you use MAs, I hope you will find this indicator useful.
Biased References
The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies, Adam Grimes, 2012.
Does the 200 day moving average “work”?
Moving averages: digging deeper
Pin Bar-Trading RoadMapPin bar- Trading RoadMap
Simple Script to show
Up Pin Bar = Yellow
Down Pin Bar = Black
The Pin Bar Criteria:
- The Shadow ≥ 2 X Body
- Open And Close In The Top 33%
Have a peaceful and profitable trading day 😊
Khaled Maziad
StochastiXMy indicator is probably the most accurate indicator you can use today to make the most profitable trades. It will be open to the public for a limited time only so enjoy it while it is there. Come DM me if you want exactly how to use it or have the source code. I accept paypal only. Tips and donations are welcome! I hope you have fun with it ;)
StochastiXMy indicator is probably the most accurate indicator you can use today to make the most profitable trades. It will be open to the public for a limited time only so enjoy it while it is there. Come DM me if you want exactly how to use it. Tips and donations are welcome! I hope you have fun with it ;)
AG Relative BandWidthThis is an indicator that we've been using for a while, very useful for identifying when the market is in a low volatility state. We use the bandwidth of the Bollinger Bands as a proxy for this, but we do something different - we ask the question of "relative to what?".
Whereas typical Bollinger BandWidth indicators give values only applicable for that particular asset, the normalised nature of our Relative BandWidth indicator means that it works and be inferred the same across all assets and timeframes. A really handy tool!
"After periods of low volatility come periods of high volatility" is a well-known theory, and this indicator helps to quickly and easily identify when markets are in low volatility states. Another name for the information our indicator shows is known as the "Bollinger squeeze". Trading breakouts of this squeeze in Bands can be a profitable strategy, given one can filter the false breakouts adequately.
I have shown examples of when the indicator was showing low volatility, take note of what the price action and the width of the Bollinger Bands are doing.
Every parameter is editable, so feel free to play around with the settings. The default settings are what we have used for a long time and have worked well.
PpSignal CFB AlarmWhat is the Theory Behind CFB ?
CFB tells you how long the market has been in a quality trend. This value can be used to adjust the period length of other indicators, especially stochastic bands.
In order to quantify the overall duration of a market's trend, we replaced classical cycle analysis methods (FFT, MEM, MESA) with a form of analysis that works even when no cycles exist. We accomplished this by examining a time series for specific fractal patterns of any size. We then gather all the patterns found and combine them into one overall index, CFB (Composite Fractal Behavior) Index.
For good reason, CFB does not analyze time series data for dominant cycles. Classical cycle analysis examines data points (e.g. prices) and estimates the average presence of a cycle in the window. Now suppose a cycle with a period length of 9 days was strong for 50 days and then disappeared for the next 14 days. Because the cycle was present for 50 out of the last (50+14=64) days, the average presence of that cycle would be measured as "strong" even though it does not exist anymore!
Does CFB find the Dominant Cycle ?
No! Consider the following discussion about the MYTH of exploiting dominant cycles.
It is true that the market does have predictable cycles due to its "structural" or physical nature. For example, quarterly earning cycles, triple witching cycles, Federal Reserve meetings, weekly cycles, political election year cycles, the annual end-of-year stock dumping cycle, sunspot cycles, and the slow Kitchin (3-5 years), Juglar (7-11 years), Kuznet (15-25 years) and Kondratieff (45-60 years) cycles. They are very predictable and the markets readily discount their presence as far ahead in time as is reasonable. So there's not much left with regard to those cycles for you to exploit.
What traders see as cycles on an hourly chart, for example, is a different matter. The big, obvious cycles you see on price charts are actually the result of a combination of many weak cyclic forces that sometimes line up in phase to produce APPARENT dominant cycles that suggest the presence of a strong structural cycle that, in fact, does not exist. The slightest shifting in phase of any one component (due to crowd psychology, unscheduled events, etc.) will significantly alter the structure of the apparent dominant wave. This may drive the cycle into a "null" or random period, then reappear, completely out of phase. Now you see it ... and now you don't.
The transitory nature of these apparent dominant cycles makes their automated detection difficult and forecast unreliable. Sometimes cycle forecasting tools appear accurate and other times they are totally off mark. The reason is that tools designed to spot dominant cycles will announce whatever they find, even if they are only apparent (not structural) and transitory. For example, such tools would have no problem detecting cycles in the six charts below. But there is just one problem --- the slow cyclic price action in the six charts below is *impossible* to project into the future with any reasonable accuracy!
Why? Because we produced these six charts by simply adding consecutive random price changes. That's right!! These charts are nothing more than RANDOM WALKS. And by definition, they cannot be forecasted, no matter how impressive their apparent cyclic behavior may be!
The chart above does not "prove" market cycles are non-existent. Indeed, discretionary traders can learn to spot and use periodic price events, and take time to "understand" their causes, in order to verify whether the relevant triggers have actually occurred.
This demonstration does show, however, that cycle-finding tools like FFT, MESA and periodigrams, which have no understanding of market cause-effect relationships, can be easily fooled into seeing ghosts. In contrast, our CFB tool was designed to measure market trending action without assuming the existance of cycles. This makes CFB more reliable.
How would I use CFB's results ?
CFB produces a value proportional to a time series' trend duration. This value is in units of TIME, as measured in bars on a chart. Because CFB's output is in units of time and not price, CFB offers a unique window into a new dimension for representing signal behavior.
Investors have discovered many profitable ways to apply CFB:
* To auto-adjust the lookback of classical indicators, such as RSI
* To auto-adjust the lookback depth of breakout channels in trending markets
* To auto-adjust the minimum amount of retracement needed to reverse position
Making a profit in the market requires your finding a unique niche that very few other people are exploiting. CFB offers this unique perspective.
Do I specify a "period length" for CFB?
In CFB, period length determines how many bars (time slices) are examined for specific fractal patterns. Due to the complexity of the algorithm, CFB permits only four period lengths: 24, 48, 96, 192. The 24-bar version can see trend fractals up to 24 bars wide, and so on. You get all four versions when ordering CFB.
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Honeybee59-forex 2.0Honeybee59-forex 2.0 for TradingView gives you abilities to see the stories hiding in the graphs of forex, and crypto currency markets. It counts CC59 and creates respectable support and resistance levels as well as marks and reminds you about important parameters that are happening in the graph so that you will not forget to consider them before placing orders. This set of tools is a simplified version of Graph Reader Pro for TradingView customized for planning your investments in forex. These parameters include:
* Automatic CC59 counting that compares the close of the right price bar to that of left price bar in a group of 5 consecutive bars (ignoring 3 bars in the middle). If the right bar closed higher, the count positive number would be printed above the bar. If the right bar closed lower, the count negative number would be printed below the bar. Nine consecutive series of up counts will define the lowest price as CC59 support light blue line and nine consecutive series of down counts will define the highest price as CC59 resistance orange line. The counted numbers, support and resistance lines are automatically printed on the graph if enabled.
* Draw a reconfigurable simple moving average ( MySMA ) white line. The default setting is SMA3.
* Draw the high and low of the previous day green lines, if enabled. The Previous Day's High and Low are often used as reversal levels in the few future days.
* Draw a popular SMA13 red line.
* Draw a Pullback level pink line near the beginning of a possible new trend.
* Draw High Of the Day and Low of the Day yellow lines for the most recent high and low levels of today.
* Paint the background areas with active Forex trading of Asian, London, and New York sessions, if enabled.
* Print "Working High" and "Working Low" when the price hits previous day's High and Low levels.
* Print "MMM" when there is a possible Market Maker's Manipulation (price bar range is larger than recent average value by a reconfigurable factor, 3 times by default).
* Print "RSI>70" and "RSI<70" for RSI (14) that crosses above 70 % and below 70 %.
* Print "RSI<30" and "RSI>30" for RSI (14) that crosses below 30 % and above 30 %.
* Print "Max" and "Min" for local maximum and local minimum bars.
* Print "Gap" when there is a gap between neighboring price bars. The opened gaps are often closed later on. Hence, they are milestones for the price to come back and close them up.
* Print "MACD>Sig" and "MACDMySMA" and "C Dark".
For free TradingView plan, you can add two more indicators to the chart. That means you may add RSI and MACD indicators with same parameters as those setup in Honeybee59-forex to your graph. DrGraph regularly publishes his educational ideas on using features provided in Honeybee59-forex for profitable investments. You can follow him for how to use the tools in trading forex, and crypto currencies.
Honeybee59-forex 1.0Honeybee59-forex 1.0 for TradingView gives you abilities to see the stories hiding in the graphs of forex, and crypto currency markets. It counts CC59 and creates respectable support and resistance levels as well as marks and reminds you about important parameters that are happening in the graph so that you will not forget to consider them before placing orders. This set of tools is a simplified version of Graph Reader Pro for TradingView customized for planning your investments in stocks. This set of tools is a simplified version of Graph Reader Pro for TradingView customized for planning your investments in forex. These parameters include:
* Automatic CC59 counting that compares the close of the right price bar to that of left price bar in a group of 5 consecutive bars (ignoring 3 bars in the middle). If the right bar closed higher, the count positive number would be printed above the bar. If the right bar closed lower, the count negative number would be printed below the bar. Nine consecutive series of up counts will define the lowest price as CC59 support line and nine consecutive series of down counts will define the highest price as CC59 resistance line. The counted numbers, support and resistance lines are automatically printed on the graph if enabled.
* Draw a reconfigurable simple moving average ( MySMA ) yellow line. The default setting is SMA3.
* Draw the high and low levels of the previous day (green), if enabled. The Previous Day's High and Low are often used as reversal levels in the few future days.
* Draw a popular SMA13 line (light blue).
* Draw a Pullback level line (pink) near the beginning of a possible new trend.
* Draw High Of the Day and Low of the Day (yellow) for the most recent high and low levels of today.
* Paint the background areas with active Forex trading of Asian, London, and New York sessions, if enabled.
* Print "Working High" and "Working Low" when the price hits previous day's High and Low levels.
* Print "MMM" when there is a possible Market Maker's Manipulation (price bar range is larger than recent average value by a reconfigurable factor, 3 times by default).
* Print "RSI>70" and "RSI<70" for RSI(14) that crosses above 70 % and below 70 %.
* Print "RSI<30" and "RSI>30" for RSI(14) that crosses below 30 % and above 30 %.
* Print "Max" and "Min" for local maximum and local minimum bars.
* Print "Gap" when there is a gap between neighboring price bars. The opened gaps are often closed later on. Hence, they are milestones for the price to come back and close them up.
* Print "MACD>Sig" and "MACDMySMA" and "C Dark".
For free TradingView plan, you can add two more indicators to the chart. That means you may add RSI and MACD indicators with same parameters as those setup in Honeybee59-forex to your graph. DrGraph regularly publishes his educational ideas on using features provided in Honeybee59-forex for profitable investments. You can follow him for how to use the tools in trading forex, and crypto currencies.
Honeybee59-stock 2.0Honeybee59-stock for TradingView gives you abilities to see the stories hiding in the graphs of stocks. It counts CC59 and creates respectable support and resistance levels as well as marks and reminds you about important parameters that are happening in the graph so that you will not forget to consider them before placing orders. This set of tools is a simplified version of Graph Reader Pro for TradingView customized for planning your investments in stocks.
Features:
*Automatic CC59 counting that compares the close of the right price bar to that of left price bar in a group of 5 consecutive bars (ignoring 3 bars in the middle). If the right bar closed higher, the count positive number would be printed above the bar. If the right bar closed lower, the count negative number would be printed below the bar. Nine consecutive series of up counts will define the lowest price as CC59 support line and nine consecutive series of down counts will define the highest price as CC59 resistance line. The counted numbers, support and resistance lines are automatically printed on the graph if enabled.
* Draw a reconfigurable simple moving average ( MySMA ) yellow line. The default setting is SMA3.
* Draw a popular SMA13 line (light blue).
* Draw a pullback level line (pink) near the beginning of a possible new trend.
* Print "C>MySMA" or "C70" and "RSI<70" for RSI(14) that crosses above 70 % and below 70 %.
* Print "RSI<30" and "RSI>30" for RSI(14) that crosses below 30 % and above 30 %.
* Print "Max" and "Min" for local maximum and local minimum bars.
* Print "Gap" when there is a gap between neighboring price bars. The opened gaps are often closed later on. Hence, they are milestones for the price to come back and close them up.
* Print "MACD>Sig" and "MACD Dark".
For free TradingView plan, you can add two more indicators to the chart. That means you may add RSI and MACD indicators with same parameters as those setup in Honeybee59-stock to your graph. DrGraph regularly publishes his educational ideas on using features provided in Honeybee59-stock for profitable investments. You can follow him for how to use the tools in trading stocks.
Noro's Day of weekThis script shows the change in price for each day of a week. Allows to look at the most profitable day of the week, or the most unprofitable day of the week. It is surely necessary a timeframe 1d.
Turtle Trade Channels by KıvanÇ fr3762his trend following system was designed by Dennis Gartman and Bill Eckhart, and relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. This trend following system was taught to a group of average and normal individuals, and almost everyone turned into a profitable trader.
The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". Examples:
Buy a 10-day breakout and close the trade when price action reaches a 5-day low.
Go short a 20-day breakout and close the trade when price action reaches a 10-day high.
In this indicator, the red line is the trading line, and the dotted blue line is the exit line. Original system is:
Go long when the trading line crosses below close price
Go short when the trading line rosses above close price
Exit long positions when the price touches the exit line
Exit short positions when the price touches the exit line
Recommended initial stop-loss is ATR * 2 from the opening price. Default system parameters were 20,10 and 55,20.
Original Turtle Rules:
To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system.
Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A.k.a S1)
Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 using a different color. (A.k.a S2)
The entry strategy using S1 is as follows
Buy 20-day breakouts using S1 only if last signaled trade was a loss.
Sell 20-day breakouts using S1 only if last signaled trade was a loss.
If last signaled trade by S1 was a win, you shouldn't trade -Irregardless of the direction or if you traded last signal it or not-
The entry strategy using S2 is as follows:
Buy 55-day breakouts only if you ignored last S1 signal and the market is rallying without you
Sell 55-day breakouts only if you ignored last S1 signal and the market is pluging without you
The turtles had a progressive position sizing approach that boosted their winnings. Once a trading decision has been made you should...
Developers: Dennis Gartman and Bill Eckhart
İndikatörü geliştiren: Dennis Gartman and Bill Eckhart