Pivot points simply took the high, low, and closing price from the previous period and
divided by 3 to find the pivot. From this pivot, traders would then base their
calculations for three support, and three resistance levels. The calculation for the most
basic flavor of pivot points, known as ‘floor-trader pivots’, along with their support and
resistance...
This strategy goes long when highs are broken and uses a trailing stop that follows swing lows. User can configure a back test date range and choose whether or not to only take trades above a selected moving average.
The desire for me to make this script was to try to capture those extreme breakouts that can occur after a consolidation/equilibrium pattern. This...
This strategy takes the ADX Indicator I wrote and applies it to a strategy for back testing purposes.
I've also applied a date filter so you can back test specific date ranges and a moving average filter so you can choose whether to filter your longs/shorts based on a moving average.
Hello my fellow investors,
After hours of reading, backtesting, and YouTube video watching I discovered that EMA, VWAP, BB, MACD, and STC produce the most consistent results for investment planning. This strategy allows you to pick between the aforementioned indicators or layer them together.
It works on the pricipal of:
1) Always follow the market trend -...
This strategy looks for potential trend reversals by looking at hammer candles (defined in the is_hammer and is_stick functions). After getting confirmation a trade is open with determined SL/TP. ATR is used to justify the volatility. Fine-tune the parameters for your specific use case.
This strategy is similar to RSI V pattern strategy, but it looks for W pattern in RSI chart.
RULES
======
BUY
1. ema20 is above ema50
2. RSI5 crossing up 30 from oversold area
3. and RSI5 must be below overbought area (default value set to 65)
Add to existing Position
1. You can add on the next W pattern OR
2. if RSI5 is crossing up from below 20
Exit
1....
**This is my first strategy on the Pine editor, any tips or tricks from the community would be awesome!
This strategy was developed from my indicator "cATRpillar". it uses the ATR range values to determine entry, and uses EMA values to determine an exit if the market goes against it.
Highest / Highest High Highest (Data) - HHV (Data, Period)
Lowest / Lowest Low Lowest (Data) LLV (Data, Period)
These functions calculate the highest / lowest value of a selected data.
Highest High and Lowest Low options are mostly used.
The Highest function calculates the highest value of the selected data in the past.
The Lowest function calculates the lowest...
Hi all,
This script is a combination of the RSI Divergence Strategy combined with Ichimoku Cloud and 200 EMA .
A long position is entered only when the RSI identifies a bullish divergence (either regular or hidden), and that the Ichimoku Cloud is above the 200 EMA . This is to ensure that there is a confirmation of a bullish trend before an entry.
Similarly, a...
This is a basic script meant to help you identify Fibonacci Retracement Levels. Based on the high and low lookback periods you input, it will draw lines for the highest high and lowest low for those times as well as the Fibonacci Retracement Levels in between.
This is combo strategies for get a cumulative signal.
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 strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow...
The strategy uses Donchian price channel . The channel is shown in blue lines. All other lines use Donchian channel too. The red line is the center line between the channel lines. The lime line is a few percent further away. The percentage is set by the user in the strategy settings.
Lines
Blue line - to open position using market stop order
Lime line -...
This strategy is based on the slope of the EMA130.
Over that slope, the script calculates two EMAs (9,21) which are used to generate the main entry and exit signal.
In particular, the strategy enters a LONG position when EMA9 > EMA21. On the contrary, it closes the LONG and opens a SHORT when EMA9 < EMA21.
When the slope of the EMA130 is rising, it means that...
This is variation of RSI Divergence strategy.
I have added a filter (long term RSI) to the Rules. strategy BUYs when RSI 50 period is above 50 line and there is divergence on the short term RSI
settings
=========
short term RSI period 5
long term RSI period 50
stopLoss is 8% --- if setting is enabled
BUY Rule
========
RSI 50 is above 50 line
short...
Trend following trading strategy “Ichimoku Crossover” is a popular Ichimoku trading strategy that uses the cloud and crossover of two base lines to define the market reverse point. Ichimoku crossover trading strategy has appeared to be a profitable trading strategy.
The indicator has 5 base lines and to read Ichimoku indicator it is required to understand the...
I created this script for basically two reasons
1. there is not simple suptertrend indicator available on tv rather you will find many fancy suptrend indicators with confusing other indicators and absurd background colors i dont know why some of the trader coders are obsessed with is using over the top color and designing phenomena.
2. I want to let people...
