You can filter the trend with this indicator. Green Lines indicate a short-term up trend and Red lines indicate a short-term downtrend. and black lines indicate short-term consultation.
I'm not regarding anything with this indicator. All risk is yours
Thank you
This strategy is a pullback strategy that utilizes 2 EMAs as a way of identifying trend, MACD as an entry signal, and RSI and ADX to filter bad trades. By using the confirmation of all of these indicators the strategy attempts to catch pullbacks, and it is optimized to wait for high probability setups. Take not that the strategy is optimized for use on...
This system can be used on all timeframes. It works on scalping, daytrading and swing trading.
Its made from a Baseline slow and fast , together with MACD, Stochastic RSI and a risk management for SL/TP using pip points and a trailing stop .
The strategy for entry its the next one:
We first wait for the cross between the baselines.
Once this happens, then we...
Beacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to...
In this script I combined SSL channel with RSI and EMA 200 mainly.
Can be modified to apply EMA 50/100 condition aswell.
Also contains SL/TP in pip points to play with.
Credits goes to :
@ErwinBeckers for ssl
@Skrymtn for EMA crossover
For more details/ improvements feel free to message me.
ATTENTION:
This is a symmetrical algorithm designed only for trading EUR/USD on the 1h time frame. For other currency pairs and time frames, you need to re-calibrate the RSI-EMAs as well as the profit targets and stop losses.
BACKTEST CONDITIONS:
Initial equity = $100,000 (no leverage)
Order size = 100% of equity
Pyramiding = disabled
TRADING RULES:
Long...
This strategy is developed based on my High Low Index SPY Top 40 indicator
Notes:
- this strategy is only developed for SPY on the 5 min chart . It seems to work with QQQ as well, but it isn't optimized for it
- P/L shown is based on 10 SPY option contracts, call or put, with strike price closest to the entry SPY price and expiry of 0 to 1 day. This...
This is a volatility tool designed to get the daily bottom and top values calculated using a daily ATR and IV values.
ATR values can be calculated directly, however for IV I recommend to take the values from external sources for the asset that you want to trade.
Regarding of the usage, I always recommend to go at the end of the previous close day of the...
I made this script to group information considered useful in forex day trading, of course it can be used on crypto or other markets.
First of all, feel free to suggest any improvement/new feature you would consider interesting for such an use. This is not especially a final version and I'm sure other relevant information can be added in this tool.
Current...
This script calculates and draws the initial balance price levels which can be really interesting for intraday activities.
Note: Obviously, you need to wait for the calculation period to finish in order to see your daily levels
The tool includes the following options
Customization of the session used to calculate the initial balance (default 0930-1030)
...
Introduction
Have you ever heard that each candle represents a battle between bulls (buyer) and bears (seller)? If you know the answer, apparently you understand what the price action means. What if I ask you, how much was bloody in each battle between bulls and bears?!. This indicator may give a clear picture of how to identify the candle’s strength by...
This strategy is looking at MA and distance from MA to determine entry and exit for highly volatile day trade stocks.
This trading strategy is not good for big-cap stocks as the movement there is not much in terms of %.
The target for open trade is to close at a 10% gain or at 2.8% loss which is a good risk to reward ratio.
An improved version for minimum and maximum in a day trading session. You can choose the session resolution, it ranges from 1 minute to 1 week.
It works well for stocks and non-extended sessions due to security() function limitations.
Any suggestions, please leave a comment.
Happy trading.
20 EMA Daytrading Strategy
This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.
BUY
When a green candle crosses above 20 EMA
Followed by another green candle which closes above the previous candle high
SELL
When a red candle crosses below 20 EMA
Followed...
This code is modified to draw the first 15 minutes(variable in setting by default 15m is set) of the high and lows through out the day.
It will work on time frames less than than or equal to 1st input. Hope this code helps you all.
IMPORTANT SETTING DETAILS:
1.Res = input(title="Starting X minutes lines to be Displayed",defval="15",...
So the idea of the Daily Play Ace Spectrum is to extend the Ace Spectrum .
By exposing more parameters, making a variation of the Ace Spectrum which is more configurable.
The idea is this makes the Daily Play Ace Spectrum more suitable for use on shorter (hourly and minute) time scales.
These specific parameters exposed still maintain the original form ...
Hey.
This strategy is still in working.
For it I check a x amount of candles in the past if they been for example all red/green in row, and based on that I enter. For example candle 7 < candle 6 .... candle 3 < candle 2 .... candle 1 < candle current for long and viceversa for short.
After that,once the trade is initiated, I exit based on 2 possibilities :...
Measure of the total candle length, including the upper and lower wicks. Works best as a histogram in my opinion. Used as a quick reference for the high minus the low of each candle.
![ETHUSDTPERP: Current Trend [KPM] - Buy / Sell](https://s3.tradingview.com/r/r1jPKx7c_mid.png "Current Trend [KPM] - Buy / Sell")
