Introduction The ability to adapt to possible markets states is important in technical analysis, this is why making adaptive indicator might help get better results. I propose a trailing stop indicator using recursion that can adapt to the efficiency ratio. I have added alerts since it's a often requested feature. The Indicator Its quite classical, bands are...
Based on my latest script "Linear Channels" This is a trailing stop version of the linear channels. Thanks to capissimo for helping me fix several issues with the linear extrapolation part. In order to know how the indicator work i recommend reading the post on the Linear Channels indicator here Hope you like it and feel free to leave your suggestions :)
Script for automatic trading with Alerts. LG --> Long (green: not confirmed) (lime: confirmed) ST --> Short (maroon: not confirmed) (red: confirmed) TS --> Trailing Stop xL --> Close Long Position xS --> Close Short Position SL --> Stop Loss The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no...
Hello my young padawans looking for the FORCE to get richer on your next trade I got pinged at least three times today asking where the hell is the indicator of the day. You asked, I delivered :) Here's your free open-source Trade Manager Version. My associates might kill me for sharing that one... anyway this is a real GIFT. I won't share such quality...
Introduction Trailing stop are important indicators in technical analysis, today i propose a new trailing stop A2RTS based on my last published indicator A2RMA (1), this last indicator directly used an error measurement thus providing a way to create enveloppes, which provide a direct way to create trailing stops based on highest/lowest rules. The Indicator ...
Hello traders This is an example of how you can add multiple indicators into a unique one In this instance, I added two supertrend multitimeframes and draw them on a different timeframe chart Enjoy David
Introduction This indicator can have a wide variety of usages, and since it is based on exponential averaging then the whole indicator can be made adaptive, thus ending up with a really promising tool. This indicator who can both smooth price and act as a trailing stop depending on user preferences, i tried to make it as reactive, stable and efficient as...
I didn't find a BB stops indicator on TV, so I wrote one myself. You can select various ma types as a base anchor for the calculations. This indicator can have various use cases similar to Supertrend or Parabolic SAR: as a trend indicator, as a training stop loss,... JD.
This is combo strategies for get a cumulative signal. Result signal will return 1 if two strategies is long, -1 if all strategies is short and 0 if signals of strategies is not equal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The...
Introduction The gann hilo activator is a trend indicator developed by Robert Krausz published into W. D. Gann Treasure Discovered: Simple Trading Plans for Stocks & Commodities . This indicator crate a trailing stop aiming to show the direction of the trend. This indicator is fairly easy to compute and dont require lot of skills to understand. First we...
Introduction A pun between the word flag and the adjective flagging (less dynamic) , this indicator have two bands who react faster when in contact to the price. Imagine you are under sheets, if you abruptly rise, the sheets will instantaneously go up, then if you abruptly get down, the sheets will fall slowly until being in contact with a surface, this is...
This is a redesign of the built-in Parabolic SAR indicator. I added a proper input system, an option to highlight initial points for both lines and an option to choose points width. So, customize it as you want. Parabolic SAR was originally developed by J. Welles Wilder and described in his book "New Concepts in Technical Trading Systems" (1978). It is a...
Introduction Based on my previous indicator , this indicator plot a trailing stop using classic conditions. Using The Indicator Like any trailing stop when price is higher than the trailing stop this imply a buy signals, when price is lower than the trailing stop this imply a sell signal. It is possible to use decimals instead of integers for length as...
This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines. This indicator was originally developed by Charles Le Beau and popularized by Dr. Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002). In short, this is a...
This is a redesign of the SuperTrend indicator. It removes stupid transitions between SuperTrend states and highlights initial points for both lines. SuperTrend is a moving stop and reversal line based on the volatility (ATR).