Initial capital 1000 USD Order size 10% Commission 0.3% with slippage Timeframe 4h This is Simple Bollinger Band Trend find out strategy. I'm using the usual trailing offset as an exit for this strategy. using 1x leverage to go long short within 3years backtest result more then 200% for all usd pair. in next version i will try to find out more optimize...
This script adds the 52 weeks (one year) high/low to the chart but it wouldn't update the value on the current trading day, so that it would remain at the same level for the whole trading day. It can come really handy for day trading the day of the 52 weeks high/low breakout/breakdown.
Hi, this script is crossover between breakouts of 4H and Day timeframe. It also checks candlestick patterns before opening trades. Red horizontal line acts as support and resistance of Daily timeframe. You can close trades at next signal or at High/Low. Enjoy trading.
2 agitated candles falling inside ATR range, awaiting possibly a big move. Buy / Sell signals at combined high / low can be used as order with other as stop loss. Counter trade, when this minimal stop loss is hit, is also as useful. However, wait till the SL candle closes, before opening position on the other side. Works quite well on 15 mins chart, with settings...
Level: 1 Background A breakout refers to when the price of an asset moves above a resistance area or below a support area. Breakouts indicate that the price may be trending in the direction of the breakout. Function L1 Breakout Indicator utilizes highest() and lowest() functions to define breakout levels. Use ema() to draw a trade line to detect the distance to...
This is a trend following system based on the Donchian Channels. Instead of using a simple moving average crossover, this system uses the MACD as the trendfilter: Long positions: * Price makes a new 50 day high, * The MACD-line crosses above or is above the Signal-line. * Both the MACD and the Signal-lines are above the zero-line. Short positions: * Price makes...
Seismic Market Spike Detector v1.0 This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices. This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an...
This is a classic long term trend following system. The breakout period is 50 days instead of 20 and the moving average crossover are 40 and 120. The moving averages are also exponential instead of simple. The stoploss is 4 ATRs away from the price. Recommendations: Donchian Channels settings > 50 days Moving Averages > 40 and 120, 80 and 140 Important...
Strategy in nutshell: This strategy is made to be used in daily time-frames. Works better on trending instruments where volume is available. Hence, this is more suitable for trending shares rather than currencies, commodities and indexes where volume data is either not present or not reliable. Breakout signifies the continuation of trend. Hence, trade in the...
Level: 2 Background Swing trading is a type of trading aimed at making short to medium term profits from a trading pair over a period of a few days to several weeks. Swing traders mainly use technical analysis to look for trading opportunities. In addition to analyzing price trends and patterns, these traders can also use fundamental analysis. Function L2...
Level: 2 Background John F. Ehlers introuced Hilbert Channel Breakout Trading System in Nov, 2000. Function This indicator will show how the adaptive filter is being applied to a trading strategy. After the Hilbert Channel Breakout Signal is optimized, set the inputs for this indicator to match the corresponding inputs for the signal. In the March 2000...
This can be perceived as modified 3 soldiers, relaxed NR4 or even extended harami candlestick pattern. Works for any instrument and any timeframe. The idea is to find out any number of candles having their individual highs and lows, all within high and low range of base candle. The count of soldiers and if they must be of same color, both can be...
While coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered. While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage. The indicator will calculate the top %...
As the title already describes: this is a Donchian breakout strategy. This strategy, as of now, only goes long. It goes long when the price close makes a new high and the 8 day moving average is above the 32 day moving average. The strategy exits the trade if the price breaks the atr trailing stop of * 3 or the 8 day moving average crosses below the 32 day moving...
This is a simple trend following indicator which works off moving averages for trend bias and breakouts for entry.