While creating this strategy, I was inspired by "ott(by Anıl Özekşi)" and "RSI + Bollinger Double Strategy(by ChartArt)".
Basically, the strategy uses ott bands instead of bollinger bands in the "RSI+Bollinger Double Strategy".
User can select take profit, stop loss, position direction(long, short or both) and the other ott parameters via interface.
This strategy is originally "Bollinger + RSI , Double Strategy (by ChartArt)"
I added just TP/SL exit point, position direction selection(long, short or both) and time window into that strategy.
█ OVERVIEW
The 'Bitcoin Power Law Bands' indicator is a set of three US dollar price trendlines and two price bands for bitcoin , indicating overall long-term trend, support and resistance levels as well as oversold and overbought conditions. The magnitude and growth of the middle (Center) line is determined by double logarithmic (log-log) regression on the...
I based my strategy on the Lagging Span 2 line in the Ichimoku Cloud. I actually designed the strategy for the DAX Germany index 3 Minutes period, but you can use it on any instrument you want. I would like to point out some points that you should pay attention to when optimizing the strategy for the instrument you want to use.
Position Take Profit and Stop Loss...
Using the Bollinger Band to mark areas of Support and Resistance
The scrip finds the highest and lowest levels of the bands to mark up futures areas of interest.
If the High/Lows are being broken on the Bollinger band, or if the look back range has expired without finding new levels, the script will stop plotting them until new levels are found
I have found...
A brand new indicator adaptation via ott from OTT developer Anıl Özekşi.
Optimized Trend Tracker, OTT is an indicator that provides traders to find an existing trend or in another words to ser which side of the current trend we are on. Kıvanç Özbilgiç coded OTT from the matrix program and adapted it to tradingview.
This indicator adaptation works with patch...
Anıl Özekşi's latest development on his precious OTT - Optimized Trend Tracker:
In this version, there are two lines of OTT which are derived from HIGHEST price values (HOTT) and LOVEST price values (LOTT) which were originally sourced to CLOSE values on default OTT.
Another significant difference is there is no Support Line (Moving Average) in this...
This strategy uses crossover of Exponentially Deviating Moving Average (MZ EDMA ) along with Exponential Moving Average for trades entry/exits. Exponentially Deviating Moving Average (MZ EDMA ) is derived from Exponential Moving Average to predict better exit in top reversal case.
EDMA Philosophy
EDMA is calculated in following steps:
In first step,...
This is an accumulation/distribution indicator for BTC/USD (D) based on variations of 1400D and 120D moving averages and logarithmic regression. Yellow plot signals Long Term Accumulation, which is based on 1400D (200W) ALMA, orange plot signals Mid Term Accumulation and is based on 120D ALMA, and finally the red plot signals Long Term Distribution...
this is a public availabe manjeetrsi.
This script calculates the total short volume , total volume , and the short volume / total volume ratio since the 2-year high price. In addition, the approximate dollar value of all short volume since the 2-year high, and the approximate dollar value of all non-short sell volume since the 2-year high is calculated using...
This indicator plots support and resistance lines automatically on the basis of the pivots created by the swings in the market.
You can increase the swing sensitivity if you want it to detect only larger swings.
There is a range drawn around the support and resistance lines based on the volatility of the market.
This works on every timeframe and the lines...
Exponentially Deviating Moving Average (MZ EDMA) is derived from Exponential Moving Average to predict better exit in top reversal case.
EDMA Philosophy
EDMA is calculated in following steps:
In first step, Exponentially expanding moving line is calculated with same code as of EMA but with different smoothness (1 instead of 2).
In 2nd step, Exponentially...
SuperTrend Channel is using Moving Averages to build the MA Channel.
No repaints.
It is strongly recommended to use the indicator with higher time frames (1 Week, 1 Day, 12 hours, 6 hours), so you can ignore false movements on the chart and indicate the main trend. With lower time frame it is recommended to use higher length of Moving Average so you can ignore...
Hello traders!
I have been developing Octopus trading indicator over the last year. This algorithm indicator is based on a set of different strategies, each with its own weight (weighted strategy). The set of strategies that I currently use are 5:
Volume
ADX
MA crossover
Macd
Chaikin Oscillator
Moreover, this indicator includes STOP losses criteria and a taking...
Hello traders!
I have been developing Shark trading indicator over the last year. This algorithm indicator is based on a set of different strategies, each with its own weight (weighted strategy). The set of strategies that I currently use are 6:
MACD
Stochastic RSI
RSI
Supertrend
MA crossover
Donchin Channel
Moreover, this indicator includes STOP losses criteria...
This indicator is a powerful tool for understanding how big of a move a product, crypto, or currency has recently had.
Anything inside of the green bars is a standard move with a 68% chance of happening based on your chart timeframe.
Any move that touches the red lines to the upside or downside has a 2%+ chance of happening in either direction.
This is a...
Represents a support band for the full bull/bear market cycles. Bull markets tend to hold the 100w EMA over the 100w SMA. When the flippening is produced, historically for BTCUSD there is a long bear market which leads to a 200w SMA support. Then, when the 100w EMA gets above the 100w SMA again, the bear market is motly over and the bullrun starts again.
allows you to view the old prices on periods 9, 26 and 51 on the Ichimoku indicator. Periods and color can be changed. Can be used on all products. it saves you from having to count the old candles
![ETHUSDT: Support and Resistance Lines [Swastik]](https://s3.tradingview.com/2/2zKOCImx_mid.png "Support and Resistance Lines [Swastik]")
