Using parts of QQE (Qualitative Quantitative Estimation) again, this time I'm applying the trailing line of QQE on price directly. Outcome, it's behaving like a baseline filter and it can be use as an exit or a trailing stop indicator. As comparing to Kijun-sen line in yellow, the QQE trailing line follows the price closer, therefore exiting you sooner when the...
The SSL is a fair entry condition and good exit indicator. It works best when combined with a trend indicator and multiple confirmations. In essence, the SSL is a moving average crossover, which immediately down-grades it to a 2nd or 3rd level of confluence in my opinion. It was recently featured in an episode of VP's "No Nonsense FX", which drove me to recreate...
This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines. This indicator was originally developed by Charles Le Beau and popularized by Dr. Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002). In short, this is a...
Alcides Indicator (AI) Lite is a simple to use indicator that can be used with any type of asset, trading in any market including FOREX, Stocks, Commodities, Cryptocurrencies etc. The Lite version uses levels from either 1 hr or 4 hr time frame based on user input to indicate entry (BUY) into or exit (SELL) from an asset. The indicator also plots support for BUYs...
This indicator creates an trend channel based on an EMA/SMA combo and a Parabolc SAR indicator. Watch for the peaks and the size of the red/green channel for possible trend change. Can also be used as an Entry/Exit/Stop-Loss setting tool.
Scalp indicator. Uses trend to switches to find the direction and entries. Has a built in exit system. Also uses a trailing stop system in order to maximize gains. Alerts can be added so trades can be automated. Strategy that tests it:
𝙇𝙄𝙌𝙐𝙄𝘿 𝙅𝘼𝘿𝙀 🇸🇨🇷🇮🇵🇹 v0.1 -Unique LJS breakout/reversal system -Multi timeframe trend restricted trading -Renko, ADX, MAs -Risk Management, TP, SL More to come!
This is a modified Schaff Trend Cycle (STC), which is designed to provide quicker entries and exits. I've been a huge fan of the STC for a long time, but being based on the MACD means its signals often lag by a bar or two (especially in fast moving markets). All I've done here is take the base STC script (all credit to user @LazyBear), and change the source to a...
Easy ma cross STUDY Best to use with small timeframes (for example 5m chart) and uptrend (refer to 1H or 4H chart). You can set up Alerts from the Entry and Exit signals. Play around with the settings of SMA1 and SMA2 for better results for you currency pair / time frame. Always use stop loss!
I made some late reading yesterday and discovered the importance of the VWAP indicator, above all the idea that when the current price exits it it will always bounce back. Therefore I decided to build an indicator which detects when the current price escapes the VWAP margin. The indicator shows this three things: 1) When the current price exits the VWAP margin....
This Oscillator helps to identify the ending of waves, good to get entries and exits. Now, with a tolerance line.