This is my first script, a strategy I tested on the ADABTC pair, 30m Time Frame.
To made this strat I used the Wave Trend Oscillator from LazyBear and some calculations to measure the confirmation candle and the previous candle.
The idea for this strat is to enter the market on a lower level through the wt1-wt2, catching a possible bounce back. For us to not...
// @author LazyBear
// @credits www.incrediblecharts.com
// If you use this code in its original/modified form, do drop me a note.
// Two Features Added by User ChrisMoody -
// TMF Line to be uses with Histogram(Easier to Spot Divergences)
// Thresh Hold lines showing extremes - adjustable.
study("Twiggs Money Flow ", shorttitle="LB_TMF")
length = input( 21, "...
This is an excellent indicator thanks to the code author LazyBear!
I have modified to a more appealing colors visually representing market condition.
Uptrend/Sell: Uptrend above Orange line, Sell potential area.
Downtrend/Buy: Downtrend under Orange line, Buy potential area.
I have modified by adding previously unrecognized upper and lower...
A take on LazyBear's Wavetrend_Oscillator
The idea is bit modified.
When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal.
This is a combination of multiple coders work. It involves RSI, ADX, awesome oscillator, ANN strategy, etc. The long and short signals are given only at or after hour 11 (this works best in an hour window). You may also have to change the screen under functions should it show a really tiny graph.
I'm not a coder so the code is very messy. In fact, some...
Krivo index, suggested by Richard Krivo, tries to quantify the "strength" of a currency by checking how many of its pairs are trading strongly (close above 200sma). As you can see from the chart, KI gives an excellent overview of their strength. Note how it correctly points out the JPY crash (Nov 2012).
I decided to implement KI for each currency separately to...