Hi, I have overlayed the script I have prepared previously and figured out how to set alerts although they don't seem to match up correctly with my strategy.
Could anyone please help me fix the problem? It seems to be revolving around my exit conditions.
Thanks in advance.
K
It is a simple test strategy.
The strategy involves variable resistance.
If the price closes above the resistance a long order is placed and when price closes below the resistance a short order is placed.
Comment the perfect combination of indicators for it and will try to incorporate those indicators into it in the next version.
Message if you think of any...
This indicator calculates the real value of each candlestick by calculating the value from low to close minus high to close if the candle is bullish, and vice versa if the candle is bearish. Directional candlesticks will be plotted as positive, while candles that might signal a reversal will be blotted as negative.
The strategy couples the concept of rate of change along with the Bollinger bands.
Along with it LazyBear's RSI/MFI with Volatility Indicator is also taken to reduce the number of trades and improve efficiency.
Strategy (in Layman terms):
If in the past 10 candles RSI/MFI with Volatility Indicator has printed a red/green colour and the roc has gone...
TRAILING RESISTANCE INDICATOR is a helpful tool for traders to help one of the common problems that they face: where to buy/sell?
by using trailing resistance you can easily decide and see possible upward movements and understand if you are in a safe zone.
Using Trailing Resistance is just simple:
Go long/ Buy when price crosses above the indicator,
Stay on...
Utilizing the Fisher Transform by Ehlers with different lengths based on multipliers will allow you to notice movements in price and understand whether the shift was a correctional wave, or part of the overall trend.
To learn about Fisher Transform , check out the Fisher Transform documentation: www.mesasoftware.com
Fisher has plenty of functionalities....
Take on LazyBear's SB_RSI/MFI with Volatility Indicator.
The original indicator is coupled with the Bollinger Band strategy.
Original Idea:
Wanted to test the indicator with bbstrategy.
Message if you think of any modifications/ enhancements/ any opportunities. :)
Donations/Tips... :) -
BTC: 1BjswGcRR6c23pka7qh5t5k56j46cuyyy2
ETH:...
This is to calculate UpsideVolatility, DownsideVolatility, UpsideDownsideVolatilityDifference, and AverageCandlesize in offset group of ProfitTrailer Feeder.
Volatilities are average changes between open and high or between open and low of 5 miniue candles in designated time frame by MinutesToMeasureTrend which can be inputable in format of this script.
In other...
The normal MFI script use an RSI in the formula so the quantity of movments are not visible, this script allows you to see how much volume is being trade at the moment, so you can detect unusual levels, but you will no be allowed to see the RSI (0-100)* so I suggest to use this script with a normal MFI
Features:
+ Normal MFI length (14)
+ Green bars show the...
When price closes above the previous open of a bearish candle, a '+' is plotted. When price closes below the previous open of a bullish candle, a '-' is plotted.
Welcome to the second version of the BBLathe!
This shows Bollinger Bands centered on a horizontal basis, to make it easier to see how volatility is changing and identify squeeze opportunities. By default Bollinger bands are calculated using an exponential moving average and an improved higher precision stdev implementation, but this can be disabled. Version 2...
The strategy modifies the original rsi strategy with the addition of compliment si (i.e. 100-rsi).
Strategy Idea: Previous rsi high and low value is recorded when the rsi crosses overBought(70) and OverSold(30) values.
Now when the rsi crosses above the overSold range, the rsi is matched with the compliment of previous high rsi value. If the compliment...
![BTCUSD: BBLathe2: Bollinger Band Lathe w/ Elder's Force Index [sclark39]](https://s3.tradingview.com/y/Y1Ysd8X5_mid.png "BBLathe2: Bollinger Band Lathe w/ Elder's Force Index [sclark39]")
