This indicator serves as a guide for aggressive counter-trend trading, offering entries, a trailing stop for trade exits and a performance backtesting system (risk ratio). AC proves to be an excellent ally in assisting counter-trend entry decisions. The signals come from two different sources, and are positioned almost identically in terms of the timing of entry...
Counts consecutive Lower Highs and Higher Lows; number resets to zero when previous pivot high or low gets swept -To help give an idea of when a retracement / run-on-stops may be overdue. i.e. the higher the counter number grows, the longer we've gone without a proper retracement. //inputs// ~pivot lookback/lookforward: increase this for more significant pivot...
Multi-timeframe Squeeze and ADX This indicator is designed to be able to get used in combination with others that can lead to a potential help for trading. The indicator uses colors such us light green, dark green, light red and dark red. Light green and light red to indicate the second half and strongest movement of an upwards and downwards movement,...
About The Indicator I want to start with a few short paragraphs of how this indicator came to be and why it's different than 80% of the indicators on this platform. If you are just interested in how the indicator works, you can skip the story, although I recommend at least skimming through it. Originally, this indicator was developed to be part of a...
I love Williams %R! This indicator mixes two %R periods... a standard %R with a longer period %R. The longer period of 112 has interesting results for trend following strategies in the crypto market through backtesting. Alone these are fairly ordinary but together they provide a very interesting trend exhaustion/reversal system while filtering out some noise. I...
A dynamic envelope is designed to build an actual envelope that consider the volatility of a trading instrument. A dynamic envelope is an ideal counter-trend indicator, it takes into account the nature of the movement of the instrument. At the same time, it does not require adjustment of parameters over time, it adjusts itself to volatility. The indicator can be...
An interesting experiment to make an indicator act as a counter. I call it CCH - Close Counter Histogram. It adds 1 when current close is higher than previous close and reduces -1 when current close is lower than previous close. In the CCH settings you set how many bars to look back and use EMA to smooth the results or disable EMA smoothing. Disable the EMA...
Yet another Array indicator, simple, but efficient which i call ADO. The indicator acts as a COUNTER of when CLOSE closes above OPEN and vice versa based on specified look back period in settings. If we have more Closes above Opens, obviously the indicator will be above ZERO and GREEN, otherwise RED. Optional to smooth it by EMA (true by default). Like if you...
I wanted to apply an RSI filter to some of the new Candlestick Patterns (in the indicators tab) since some of them looked to be quite effective for picking reversals. Turns out it's a pretty good pairing. You can modify the RSI length in addition to the upper and lower thresholds. I also added in check boxes to combine different bullish and bearish patterns. The...
this is a mean reversion strategy using ema std deviations use flat scaling 5 orders buy and sell - just close it back when it hits the VWMA strategy operates to make dozens of small profitable trades in exchange for a larger loss on rare trending moves. It works by projecting five 0.5% std deviations from the ema as volatility bands to help you scale into...
NEO" is a countertrend Algo designed to identify potential pivots , take profit areas, and trend reversals. "NEO" also has an additional trend-following feature for more traditional signals.
"NEO" is a countertrend Algo designed to identify potential pivots, take profit areas, and trend reversals. "NEO" also has an additional trend-following feature for more traditional signals.
Hi everyone This is a simple algorithm that I used on timeframe > m30 to detect strong reversal signals based on : - Engulfing pattern - MACD ZL 12, 26, 9 - Price vs SMA 7 Last two parameters are optional but gives more security. Otherwise, waiting for confirmation gives later entry. Up to you to find the right balance between too much security (and...
The purpose of this script is to trade with the trend, trade trend continuation, and counter-trend trades. Uptrend is price above 200 ema: Background is green and the bar colors are normal Downtrend is price below 200 ema: Background is red and the bar colors are normal Counter-trend to uptrend--Bar colors are white and the background is purple counter-trend...
This indicator is a tool designed to be used with Steven Hart's RSI Exhaustion strategy. For more information google TheTradingChannel or look him up on YouTube :) The default RSI settings for this strategy are: RSI Overbought: 80 RSI Oversold: 20 Length: 7 When the RSI gets above 80, the line will turn red and the script will begin looking for a specific...
Mark the limits of price that should be used to star a Impulse Reverse trade. A Impulse Reverse trade is a counter-trend type of trading that uses the mean reversion concept. A mean reversion trade is a type of trade that looks for price that has moved away significantly from its mean (average) price. Every stock has its unique combination of parameters that...
Mark the limits of the price that should be used to star a Impulse Reverse trade when a candle closes outside of it. A the Impulse Reverse trade is a counter-trend type of trading that uses the mean reversion concept. A mean reversion trade is a type of trade that looks for price that has moved away significantly from its mean (average) price. Every stock has...
Mark the candles that should be used to star a Impulse Reverse trade. A the Impulse Reverse trade is a counter-trend type of trading that uses the mean reversion concept. A mean reversion trade is a type of trade that looks for price that has moved away significantly from its mean (average) price. Every stock has its unique combination of parameters that best...