Bjorgum TSI-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator.
-Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line.
-This can help anticipate a cross, or significant points in the trend. TSI signal line changes color when rising or falling which can help to identify larger prevailing trends.
-Generally, a rising signal line can be an overall bullish move, while falling more bearish regardless of crosses.
*Resolution function enables multiple overlay for "Multi-timeframe analysis"*
Convergence / Divergence de la moyenne mobile (MACD)
1 Parent MACDWhat is Parent MACD ?
Parent MACD is standard MACD indicator with one additional parameter of Parent. Parent MACD is designed so that you should be able to see cyclical behavior of current trend without having to switch to higher timeframe.
Why You Need This Indicator ?
Technical Analysis is defined as Art of Identifying trend in its early stages and riding on that trend until weight of evidence shows or proves the trend has finally reversed.
Technical Trading is literally 2 step process,
STEP 1 Find Direction of Trend
STEP 2 Trade in Direction of Trend
The direction of trend is taken from higher timeframe (aka parent timeframe) than your trading timeframe. The parent timeframe is 4,5 or 6 times of your trading timeframe if noise is less, if noise is extreme 6,7 or 8 is used as parent. Default Parent in this indicator is 5 and can be modified according to need of trader .
This indicator will tell you that parent timeframe is gaining momentum, if parent is gianing momentum most likely the trading time frame will also gain momentum.
How To Use This Indicator
STEP 1: Select The Time Frame You Want To Trade
STEP 2: Add the indicator on Screen
STEP 3:When you see price gaining momentum add a confirmation indicator to take trade.
Personally I use Profit Max indicator by KivancOzbilgi to confirm trade. If you are planning to use it too, don't forget to say thank you to KivancOzbilgi at in.tradingview.com
Practical Application To Trading
The indicator's most practical application is Option Trading and Trading Assets that trade 24 hours a day.
It can also be used to trade all kind of Index Options.
Indian Index Nifty
Indian Financial Index Nifty Bank
Dow Jones Industrial Average
BTC Index
IMPORTANT : The indicator only helps in trading in direction of Trend by identifying is trend regaining momentum after correction, it doesn't help you identify Trend, you have to identify trend.
Regards,
Nrupen
Amazing strategy for silver -XAGUSD, XAGEUR etcToday I bring an amazing strategy that works for 1h time frames for silver.
Its made of price actions movement combined together with MACD and simple moving average
It does not use neither stop loss/take profit levels. Instead it will always exit at the next candle after it opens a trade.
The rules are the next one :
For short condition : we have a bull candle, and candle is above the moving average, and MACD histogram is > 0 and last high0 and candle close > last high1 and, previus high1 and candle close > last high2
At the same time, viceversa for long condition.
In development terms, this is the formula
long1 = (close > open ) and time_cond and close > out and hist > 0 and hist > hist and high > high and high > high and close > high and close > high and close > high
short1 = (close < open) and time_cond and close < out and hist < 0 and hist < hist and low < low and low < low and close < low and close < low and close < low
But when we enter the trade, we enter in reverse, like lets say we go long -> for this we apply the short1 condition. If we go short we apply the long1 condition.
If you have any questions , please let me know .
Bitcoin (BTC) Scalp / Short-term Short IndicatorThe purpose of this scalping Indicator is to help identifying Sell signals for short term trades on Bitcoin (Spot, Features, etc.) .
This script is working with more indicators and everything is balanced by hard work on (back)testing.
Result for users is a simple signal to SELL.
You can use it as easy indicator in your graph or create alerts.
I have the best results on 1min graph, with leverage and stop-loss feature.
This is my own version of scalping Sell Script / Indicator, which is a combination of few indicators, for example RSI , BB and price levels (actual and average) and works on standard candles.
SELL signal paints above the candle and you can set your target / trailing / stop-loss in the settings and check how it works in Strategy Tester.
Settings of this Indicator:
Take Profit
Stop Loss
Trailing Stop Loss
Trailing Stop Loss Offset
Initial Capital
Base Currency
Order size
Pyramiding
Commissions
Slippage
Average price lines (colors and visibility)
Plot background
These signals can be often observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again.
Therefore these are interesting levels to place limit orders.
A Sell signal is defined as the last up candle before a sequence of down candles.
In my trading settings I have more but small positions, one safety limit order (for price averaging = better entry - easier close in profit) and stop-loss.
Sometimes trailing-profit feature have very nice profits.
Settings depends on your own money-management and free capital.
Don't ignore UP / DOWN trend. For UP trend I have an Indicator too (check my profile).
In addition to the upper/lower limits of each line, also average value is marked as this is an interesting area for price interaction and better view.
PM me to obtain access, more informations or support.
NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script.
Strategy MACD Stock by LukasHello guys, long time no update.
This time I make strategy for Stock,
The strategy is for LONG only because where I live I can not Short Stock (Indonesia :) )
Basically I combine MACD, DEMA, RSI and EMA.
I try 1D, 4H, 1H and it's perfect for me, when you play higher timeframe try to turn "ON" "Filter" on the menu setting.
RED GREEN line is represent MACD
YELLOW ORANGE line represent Bull and Bear, useful when you play on high timeframe.
There is also setting for Stop Loss and Take Profit level.
Please give it try and give me some feedback.
Hope its useful,
Stay safe everyone :)
MACD with 3 strategiesMACD WITH 3 STRATEGIES
- Macd line change colour when cross the signal line
- Background Color change colour based on a moving average, on settings the value of the moving average can be changed 50,100,150,200
- Strategy one based on Macd lines with bar changing colours
- Strategy two based on Macd lines but with a different method
- Strategy three based on two other trending indicators
This indicator can be used to spot trends and changing of direction of the market and with the bar coloured its easier to identify them.
The strategy one can be used as confirmation of a trend or as changing direction integrated with other indicators like Rsi , Stochastic, Supertrend , Bollinger band, with ema option mode works better.
The strategy two can be use together with the back ground colour: When is red and the candles are red can be identified as strong drown trend.
When is green and the candles are green can be identified as strong up trend.
The strategy three can be used after checked the strategy two for more confirmation for a trend.
VERY IMPORTANT WHEN YOU TRY A NEW STRATEGY TEST IT IN A DEMO ACCOUNT FOR AT LEAST 3 MONTHS
Every donations will be devolved to cancer research and you ll have one month free trial.
If you want to purchase this indicator 30% will be devolved to cancer research.
Please leave a comment or message me if you want you have two weeks trial.
Enjoy!
The best MACD line + MACD signal + MACD histogram DivergencesHi everyone,
Here is a script that synthesizes divergence signals from the MACD indicator, including 3 options:
- MACD divegence
- MACD signal divergence
- MACD histogram divergence
Scripts are used for learning and research purposes. THESE ARE NOT BUY/SELL SIGNALS.
If you have a better idea, share it here or contact me via msg. I will improve this script better in next version.
Settings:
Basically, you only need to care about 2 parameters:
- MACD Source: There are 3 options: macdLine, signLine and histLine.
- Lookback Level For Divs: Number of previously adjacent peak.
- Other parameters, you can research more
Feel free to use, share, comment & provide feedback.
Get indicator or strategy trading signals at yummyprofit.
Good luck!
Onats indicatorBuy signal when RSI=>50, Stoch=>50, and MACD is above signal line. Set buy to the high of Buy signal candle and add 0.01.
Sell signal when RSI<50, Stoch<50, and MACD is below signal line. Set sell to the low of Sell signal candle and subtract 0.01.
Works well on Daily charts.
Bitcoin (BTC) Scalp / Short-term Long IndicatorThe purpose of this scalping Indicator is to help identifying Buy signals for short term trades on Bitcoin (Spot, Features, etc.) .
This script is working with more indicators and everything is balanced by hard work on (back)testing.
Result for users is a simple signal to BUY .
You can use it as easy indicator in your graph or create alerts.
I have the best results on 1min graph, with leverage and stop-loss feature.
This is my own version of scalping Buy Script / Indicator, which is a combination of few indicators, for example RSI, BB and price levels (actual and average) and works on standard candles .
LONG signal paints below the candle and you can set your target / trailing / stop-loss in the settings and check how it works in Strategy Tester .
Settings of this Indicator:
Take Profit
Stop Loss
Trailing Stop Loss
Trailing Stop Loss Offset
Initial Capital
Base Currency
Order size
Pyramiding
Commissions
Slippage
Average price lines (colors and visibility)
Plot background
These signals can be often observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again.
Therefore these are interesting levels to place limit orders.
A Buy signal is defined as the last down candle before a sequence of up candles.
In my trading settings I have more but small positions, one safety limit order (for price averaging = better entry - easier close in profit) and stop-loss.
Sometimes trailing-profit feature have very nice profits.
Settings depends on your own money-management and free capital.
In addition to the upper/lower limits of each line, also average value is marked as this is an interesting area for price interaction and better view.
PM me to obtain access, more informations or support.
NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script.
SALEH All in One Strategythis script is based on MACD strategy
for MACD:
when we have an uptrend ( the price is above the EMA 200) & the macd line cross up the signal line while they are both under the 0 level of histogram it generates buy signals.
when we have a downtrend ( the price is below the EMA 200) & the macd line cross below the signal line while they are both above the 0 level of histogram it generates sell signals.
donchian channel works as a confirmation for the macd signal.
this strategy works best at London session.
feel free to comment
best regards Forexsquad2020
Deviation rate of Chinese stock market index// Deviation rate of Chinese stock market index
//The purpose of the indicator is to monitor the Chinese stock market index deviation rate to the 20EMA, so each major index can be observed longitudinally at the same time.
//This indicator give signal of which Index or instrument should you be focused and when should you enter the market to get a long or short position.
//The chart shows the deviation rate between the current price of each major index current price to the 20EMA.
//Also it count a deductive ratio between current price to the previous 20th bar close price to (which lead to the slope of the 20SMA)
//When using, adjust the corresponding period according to the chart period.
//The word DI (divergence) represents the deviation value between the current price and 20EMA, and DE (deduction) represents the deviation value between the current price and the 20 deduction price.
//Attention marker: The marker tells one of the moving average (EMA20 and MA20) is turning towards the opposite direction. When DE and DI one is plus , one is minus attention marker appear on the instrument title.
//Take the bull trend as an example. If the price is higher than ema20, the EMA20 is turning.If the price is higher than the close price of the bar 20 days ago , the sma20 is turning.
//When the ema20 has not turned around to opposite direction , and the ma20 is turning , the deviation rate of the moving average and the deviation rate of the deductible price are different in positive or negative.
//The marker as a reminder will appear on the instrument title.
//How to use this watchlist: You can freely replace the major indices with the instrument you are focused.
Relative Strength Index of EU and US Stock Index Trends quality//Relative Strength Index of European and US Stock Index Trends quality
//This indicator reveals the relative strength of European and US stock index futures.
//take Bull trend as an example , the current closed price>EMA20 value and the current closed price >20th previous bar closed price( deduction price),
//it's defined as a lower level bull trend .If the current price EMA20>EMA60, it's defined as a higher level bull trend .If the EMA20>EMA60>EMA120,it's defined as the highest level bull trend.
//You can choose to draw the curve with the deviation rate of the original major indexes to 20EMA, or draw the deviation rate with the average value (default value is 5 bars).
//In addition, a more technical method is added to analyze the deviation changes of the major indexes.The deviation rate changing velocity value, parameter tan (abbreviated by t) of 1, 2, 5, 10 is introduced.
//You can have the option of calculate the tan using average value of 5 candlesticks or original value.
//Taking tan1 as an example, it indicates how much the deviation rate between the current price and the previous candlestick has changed.
//The indicator of the index color and the description of the trend quality color can be switched off in option.
//In addition, this code color scheme is only suitable for black background (the code color needs to be changed by yourself if you use white background).
RogTrader AlgoA simple BUY/SELL algorithm based on Moving Averages (EMA), MACD, RSI, Stochastic, ADX, ATR, CCI, OBV, Pivot Points, and Parabolic Sar, and Volume averaged.
Simple algo that uses multiples indicator strengths and weight them to generate buy and sell signals
Indicator strengths are displayed on each candle (green is bullish and red is bearish)
Green Buy and Red Sell shall be primarily used for long positions
Bull and Bear Strengths are created based on Price Action, and Volume, the length of the array shows upward or downward strength
Indicators' Signal Strength shows number Indicators' indication for the direction.
Bollinger Bands are in red and green filled
VWAP Bands are in gray, green, and red
Linear Regression is the blue line
Check multiple timeframes.
Stock Market Strategy : VWAP, MACD, EMA, Breakout, BBHello there,
Today I bring you a stock market strategy, specialized in NASDAQ stocks.
Its a daytrading strategy, that can only do a max of 1 trade per day. In this case it only trades the first 2 opening hours of the market.
The rules are simple :
We follow the trend based on a big EMA, in this case 200, after that, we check for VWAP direction , then, we check histogram from MACD. This is the simple logic of the strategy.
Inside there is another strategy, that not just do the above, but also uses Bollinger bands, and checks for breakout of bottom or top line. Also it uses Average directional Index, for even a bigger criteria .
So for example a long condition it would be : candle is above the ema, and candle is above vwap, and histogram is positive, and candle break the top bb level and ADI < 40 -> long signal . The opposite works for short(ADI > 20).
In this case all this criterias are between the first 2 hours of market. So we enter between the first hour, and exit in the next hour. For this we need to use very short time frames.
Hope you enjoy it.
Let me know if you have any questions
MACD/EMA Golden CrossThis is a slight modification to the MACD indicator. The golden cross indicator makes use of EMA 7 and EMA 21 as well as MACD together, in which it will turn the MACD line yellow & fill the MACD with a yellow background when MACD is above the signal line and EMA7 is above EMA21. This is best suited for swing trading on a daily timeframe.
My BTST RSI MACD X-BODYMy trial of script base on EMA , RSI and MACD to filter the best Candle which has likely hood of uptrend in a practice of " Buy Today Sell Tomorrow".
Blue candle : 40 to 70 % RSI
Orange candle > 80 % RSI
Yellow candle < 30 % RSI - buy and can hold
Lime candle buy above MACD line.
Also i added the label when 2 EMAs and SMA cross each other in solid body candle.
Buy on Blue, Lime.
Buy and hold on Yellow candle.
Good luck!
NIFTY Money Flow - Scalping/SwingBrief Description About Script
It considers the change of price in the direction
change of price is +Ve then considered as +Ve money flow
-Ve then considered as -Ve money flow
and it multplied by Volume change
This Strategy works best with NIFTY
For Scalping:-
Settings:- 1 Min Candle Time Frame, Length 20
For Swing:-
Setting:- 30 Min Candle Time Frame, Length 11
How to use it?
Common usage:-
Buy - When turns Red to Green Buy by keeping 1.5 * ATR as SL or Trailing SL(Optional) at the same time frame
Sell - When turns Green to Red SL by keeping 1.5 * ATR as SL or Trailing SL(Optional) at the same time frame
Trend reversal:-
Draw Divergence between indicator and price
Buy - Indicator forms Higher Highs(Red Side), Price Lower Lows
Sell - Indicator forms Lower Lows(Green Side), Price Higher Highs
Breakouts:-(Less Accurate compared to other scenarios)
End of Triangel/Box Indicator Turns Red to Green - Bullish Breakout, Green to Red Bearish Breakout
can use for breakouts chart patterns and guess which side it's going to break
can use for reversal as well by observing divergence between price & indicator
Note:-
In the future, an updated version is coming with it auto-generated buy/sell signal on the chart & gives backtesting results as a strategy
RSI/RSX Divergance on chart [Anan]This script points Regular/Hidden Bull/Bear RSI/RSX divergences on the chart.
Options:
-RSI/RSX source
-RSI/RSX length
-Show/hide Regular/hidden Bull/Bear divergences
KMACThis is a heavily modified MACD indicator that includes two different measurements, either regular, or weighted. Weighted is either EMA or KAMA dependent. I personally only use this in certain scenarios but it has proved handy for overall trend as it's slower.
This indicator also has a colorized histogram for the rising/falling of momentum, as well as arrows and crosses to indicate the "death" crosses, "golden" crosses, and falling above/below the "0-Line". 0-Line is embedded into the indicator as well, the user need not worry about drawing it on top of the indicator.
BSKL Short-Term Momentum TradingIndicator to identify the beginning of a Momentum, designed to use for the Malaysian market(I haven't tried it on other markets).
Best to use on 30 minute timeframe. When all criteria is fulfilled, there will be a "^" logo appearing below the candlestick .
Not to be commercialised, feel free to PM me for any improvement or suggestion.
Happy trading.
Divergence of Market Breadth & Price deduction indicatorHow it begin?
Traders and investors use market breadth in order to assess the index’s overall health. Market breadth can be a reliable, if not an accurate, indicator of an upcoming price rise in the index. Similarly, it can also provide early warning signs for a future price decline.
What is it？
market breadth in this case refer to percentage of stocks above 20 Simple Moving Average,which could be used as a barometer for the market.
How it works?
This paticular indicator compare the divergence of Nasdaq 100 and Russell 2000 percentage of stocks above 20 Simple Moving Average.
This indicator also include a deduction price method ,which is inspired from LEI & LoneCapital
RSI and market strength with alerts By combining the true strength of the Nasdaq (NDX) and S&P500 ( SPY ) we can then compare that against the volatility /fear index ( VIX ). The true strength of the Volatility Index ( VIX ) is shown by the red area and the Nasdaq (NDX) and S&P500 ( SPY ) by the silver /teal areas.
The yellow EMA area shows the average difference between the VIX and the NDX/ SPY indexes. When the yellow area crosses above the zero line and is climbing it means that the NDX/ SPY are strengthening. When the yellow area is decreasing or crosses under the zero line it means the fear/volatility index ( VIX ) is becoming stronger and NDX/ SPY are weakening. The RSI is overlaid as a white line to show the correlation of the instrument strength compared to the market.
When looking at charts of companies/components listed on the Nasdaq and/or S&P 500 you will notice a frequent correlation between the movement of the yellow area depicting index health and the RSI of the chart you are viewing. It’s a very quick and effective method of seeing the strength and fear within the market indexes and how they are effecting your chart.
The background color changes when the market strength combined with the active symbol RSI and higher timeframe MACD signals are aligned. Green is a buy zone, Red is a sell zone.
There are also red and green indicator x’s at the top/bottom of the indicator. They show a drastic change in Relative strength within a short period. This often indicates a buy or sell opportunity.
It is tested and works well on all timeframes with Stocks listed on NASDAQ & S&P500 .
Buy, Sell, Exit Buy and Exit Sell alerts are included.
There are also red and green indicator x’s at the top/bottom of the indicator. They show a drastic change in Relative strength within a short period. This often indicates a buy or sell opportunity.
