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Stochastique RSI (STOCH RSI)

NRTH_ Momentum AlgoA NRTH_ Premium Momentum Based Strategy Comes included with the Premium Package. Indicator features Built-In Alerts Visual Risk Management Customizable Entry Rules 4 Levels of confirmation Customizable MA Ribbon Usage Tips This strategy is designed for Swing Trading and Intra-Day timeframes (1hr+) The Algo uses multiple levels of convolution and confirmation before entering a trade, best used in trending markets. utilizing Stochasitc RSI overbought and oversold levels and an 1-3 MAs to identify trends and pullbacks. Maximize the accuracy of your signals with up to 4 levels of convolution before entering a trade, filtering out the noise as much as possible. You can set the overbought and oversold levels required for trade entries and set the types of MAs and how many are required to confirm trending momentum Works for all markets with the ability to customize to your liking. Backtesting Results Info Period 23/9/2021-15/11/2021 Entry value at $1000 with 10x leverage Binance standard taker fee rate (0.04%) ATR Exits : 1:2.66 RR ------------------------------------------- Disclaimer Copyright NRTH_ Indicators 2021. ​‍NRTH_ and all affiliated parties are not registered as financial advisors. The products & services NRTH_ offers are for educational purposes only and should not be construed as financial advice. You must be aware of the risks and be willing to bear any level of risk to invest in financial markets. Past performance is not necessarily indicative of future results. NRTH_ and all individuals associated assume no responsibility for your trading results or investments. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Stratégie Pine Script™
par NRTH_Indicators
1
(Short)EMA 4H + Stochastic RSI By Nussara (strategy)This is a back test for "(Short)EMA 4H + Stochastic RSI" used for a short position. It uses EMA and stochastic RSI. The 4-hour EMA is a trend indicator in smaller timeframes. For a short position, EMA slow is above EMA fast and uses stochastic RSI to predict price turning points. Through the formula, traders can identify overbought or oversold. Default setting 1. The 4-hour EMA defaults to EMA fast =24 and EMA slow = 33. 2. Stochastic RSI defaults K=3, D=3, RSI Length=16, and Stochastic Length = 5. You should adjust the settings to be suitable for the products that you trade. (Short)EMA 4H + Stochastic RSI formula Short Entry : 1. The timeframe of the chart must be less than or equal to 4 hours. If the timeframe is set higher than 4 hours, this strategy will not work. 2. 4-hour slow EMA line must be above fast EMA line, indicating an downtrend. 3. Stochastic RSI K line cross down D line and the intersection must be above 80. If all three are true, the indicator will have a short signal. Short Exit: Stochastic RSI K line cross up D line This indicator is just a tool for technical analysis. It shouldn't be used as the only indication of trade because it causes you to lose your money. You should use other indicators to analyze together.
Stratégie Pine Script™
par omoshiro
2
(Short)EMA 4H + Stochastic RSI By Nussara(study)This strategy is called "(Short)EMA 4H + Stochastic RSI" used for a short position. It uses EMA and stochastic RSI. The 4-hour EMA is a trend indicator in smaller timeframes. For a short position, EMA slow is above EMA fast and uses stochastic RSI to predict price turning points. Through the formula, traders can identify overbought or oversold. Default setting 1. The 4-hour EMA defaults to EMA fast =24 and EMA slow = 33. 2. Stochastic RSI defaults K=3, D=3, RSI Length=16, and Stochastic Length = 5. You should adjust the settings to be suitable for the products that you trade. (Short)EMA 4H + Stochastic RSI formula Short Entry : 1. The timeframe of the chart must be less than or equal to 4 hours. If the timeframe is set higher than 4 hours, this strategy will not work. 2. 4-hour slow EMA line must be above fast EMA line, indicating an downtrend. 3. Stochastic RSI K line cross down D line and the intersection must be above 80. If all three are true, the indicator will have a short signal. Short Exit: Stochastic RSI K line cross up D line This indicator is just a tool for technical analysis. It shouldn't be used as the only indication of trade because it causes you to lose your money. You should use other indicators to analyze together.
Indicateur Pine Script™
par omoshiro
(Long)EMA 4H + Stochastic RSI By Nussara(strategy)This is a back test for "(Long)EMA 4H + Stochastic RSI " used for a long position. It uses EMA and stochastic RSI. The 4-hour EMA is a trend indicator in smaller timeframes. For a long position, EMA fast is above EMA slow and uses stochastic RSI to predict price turning points. Through the formula, traders can identify overbought or oversold. Default setting 1. The 4-hour EMA defaults to EMA fast =24 and EMA slow = 33. 2. Stochastic RSI defaults K=3, D=3, RSI Length=16, and Stochastic Length = 5. You should adjust the settings to be suitable for the products that you trade. (Long)EMA 4H + Stochastic RSI formula Long Entry : 1. The timeframe of the chart must be less than or equal to 4 hours. If the timeframe is set higher than 4 hours, this strategy will not work. 2. 4-hour fast EMA line must be above slow EMA line, indicating an uptrend. 3. Stochastic RSI K line cross up D line and the intersection must be below 20. If all three are true, the indicator will have a long signal. Long Exit: Stochastic RSI K line cross down D line This indicator is just a tool for technical analysis. It shouldn't be used as the only indication of trade because it causes you to lose your money. You should use other indicators to analyze together.
Stratégie Pine Script™
par omoshiro
(Long)EMA 4H + Stochastic RSI By Nussara(study)This strategy is called "(Long)EMA 4H + Stochastic RSI" used for a long position. It uses EMA and stochastic RSI. The 4-hour EMA is a trend indicator in smaller timeframes. For a long position, EMA fast is above EMA slow and uses stochastic RSI to predict price turning points. Through the formula, traders can identify overbought or oversold. Default setting 1. The 4-hour EMA defaults to EMA fast =24 and EMA slow = 33. 2. Stochastic RSI defaults K=3, D=3, RSI Length=16, and Stochastic Length = 5. You should adjust the settings to be suitable for the products that you trade. (Long)EMA 4H + Stochastic RSI formula Long Entry : 1. The timeframe of the chart must be less than or equal to 4 hours. If the timeframe is set higher than 4 hours, this strategy will not work. 2. 4-hour fast EMA line must be above slow EMA line, indicating an uptrend. 3. Stochastic RSI K line cross up D line and the intersection must be below 20. If all three are true, the indicator will have a long signal. Long Exit: Stochastic RSI K line cross down D line This indicator is just a tool for technical analysis. It shouldn't be used as the only indication of trade because it causes you to lose your money. You should use other indicators to analyze together.
Indicateur Pine Script™
par omoshiro
M.Right Awesome RSI+ (cc)Hey Traders, Tonight I figured I'd release a special indicator that I've had in the works for years and finally was able to piece it together using pine. It's an extremely accurate take on the RSI. I plan to continue to refine the indicator and add more features, but as it is this is still one you can make a lot of money with. (((((Please note: all circles and arrows in the chart above are drawn for illustration. Below is a chart showing regular session))))) This indicator will act similarly to a regular RSI (Relative Strength Indicator) in that there are Oversold and Overbought levels, but also volatility bands around it to allow for more accurate signals whilst moving the Oversold (OS) and Overbought (OB) levels further apart ( less false OB/OS signals ). As shown in the chart above, it's able to detect some pretty big moves with both speed and accuracy . Most of you are familiar with and use an RSI indicator so I will keep this description as brief as possible: The Relative Strength Index (RSI), developed by the legendary J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements; it oscillates between 0 - 100, with levels set as Overbought and Oversold. These levels are where a trader make look for a reversal, however they must keep in mind in an uptrend or bull market, the RSI tends to remain in the 40 - 90 range; 40 - 50 zone often will act as support. More advanced traders will also look for divergences between the price and the oscillator (i.e. price trending upward while oscillator trending downward). As far as oscillators go, the RSI is one of the most frequently used, by both advanced and beginner traders alike. Works great on multiple timeframes. It may not catch every rally, but it will catch most --even on smaller timeframes (i.e. 5 minutes in image below). As with all of my scripts I like to make them customizable: You can change the up and down colors on the RSI ribbons and the color and style (dotted shown) of Overbought / Oversold lines. In future versions, I will add more color customizations and additions. Can toggle 1 or both of the 2 highlight signals off to make it a little more plain. Lot's of ways to make it look the way you'd like it to. --The alerts include both the super accurate Bullish and Bearish signals shown with the background highlights. They are pre-filled so it will automatically display the price and time that the alert went off for you. If I missed anything or you have a question, please let me know! Cheers, Mike Please note: I have made this indicator invite only, send me a DM if you're interested in trying it out.
Indicateur Pine Script™
par UPRIGHTTrading
2
Stochastic RSI Heat Candles OverlayThis script is based on the Stochastic RSI indicator. Candles are dynamically colored with a customizable RGB shading directly generated from the average Stochastic RSI current value. By default, colors represent the following status -> green is overgought & red is oversold. Options: Shading colors: Choose between Red/Green, Green/Blue, and Blue/Red shadings to represent the SRSI heat. Invert colors: Switch colors of the selected shading. Third color: Select a value from 0 to 255 for the third color which does not vary. Transparency: Select the transparency value. Overlay style : Choose to color the whole candle, or only borders and wick. Show candle side: If you choose to fully fill candles with the SRSI heat color , enable this option to plot shapes representing the candles directions. Candle marks colors: Select bull and bear colors for direction shapes. Overbought and Oversold situations are also represented by colored shapes at the top of the chart. Standards Stochastic RSI parameters. Examples: Notes: Do not forget to bring the script to the front of your chart to avoid being covered by default candles. Next improvements would probably be a better coloring algorithm, however, do not hesitate to suggest any modifications in comments. Initially, I shared a Stochastic RSI Heat Bollinger Bands indicator which gave me the idea to develop this one, you can find it on my profile.
Indicateur Pine Script™
par noop-noop
1
Stochastic RSI Heat Bollinger BandsThis indicator is based on a combination of the famous Bollinger Bands and the Stochastic RSI indicator. Bands are dynamically colored (and filled) with a RGB color composed by red and green values, directly generated from the average Stochastic RSI current value. By default, colors represent the following status -> green zone is overgought & red zone is oversold. A screener is also displayed on the chart, representing StochRSI K and D lines values, RSI value, as well as the current status (Overbought/Oversold) of the StochRSI and RSI indicators. Notes: The heat color and the screener status are both based on the average value between the K and D lines (for stochastic RSI based heat) Bands can be disabled in options to use this indicator as a simple moving average colored by the Stochastic RSI heat color. Options: Various moving average types (SMA, EMA, SMMA, VWMA...) Inversion of colors between overbought and oversold status Enabling/disabling heat color on bands / basis line and bands background color Show/Hide the screener Color source can be modified to base the heat on the RSI instead of the Stochastic RSI value Standards Bollinger bands, Stochastic and RSI parameters Example Feel free to suggest any improvements in comment.
Indicateur Pine Script™
par noop-noop
2
Zendog SHORT DCA Trigger RSI+StochRSIThis is a script that generates a SELL signal by combining RSI and Stochastic RSI into the same script and that can easily be integrated into an external Backtester like the one I published. The script uses default values for RSI and Stochastic RSI overbought conditions. They should be adjusted for specific assets and timeframes so they better match the current trend. Please beware you might overfit settings to match a short timeframe trend (like a few days or hours). If this is the case once the trend changes the signals will not be accurate. The purpose of this script is to provide some pine code that can be used to further combine multiple indicators into a SHORT Deal Start signal. Integration with the Zendog Backtster: - add the backtester on the chart - add this script on the chart - in the Zendog backtester Deal start type select "External indicator" - in the Zendog backtester Indicator source and value select "Zendog SHORT DCA Trigger RSI+StochRSI: SIGNAL"
Indicateur Pine Script™
par zendog123
3
Zendog LONG DCA Trigger RSI+StochRSIThis is a script that generates a BUY signal by combining RSI and Stochastic RSI into the same script and that can easily be integrated into an external Backtester like the one I published. The script uses default values for RSI and Stochastic RSI oversold conditions. They should be adjusted for specific assets and timeframes so they better match the current trend. Please beware you might overfit settings to match a short timeframe trend (like a few days or hours). If this is the case once the trend changes the signals will not be accurate. The purpose of this script is to provide some pine code that can be used to further combine multiple indicators into a LONG Deal Start signal. Integration with the Zendog Backtster: - add the backtester on the chart - add this script on the chart - in the Zendog backtester Deal start type select "External indicator" - in the Zendog backtester Indicator source and value select "Zendog LONG DCA Trigger RSI+StochRSI: SIGNAL"
Indicateur Pine Script™
par zendog123
12
Multi timeframe Stochastic RSI Screener by noop42Here is a custom x4 timeframes Stochastic RSI screener to add on your charts. Options Repaint mode : if enabled: values are updated in live, if disabled: values are updated once the concerned candle is closed Default parameters Timeframes: 1, 5, 15, 60 Repaint mode: enabled Notes Use the lowest timeframe configured on the screener to get real values A classic x3 multi-timeframe Stochastic RSI indicator is also available
Indicateur Pine Script™
par noop-noop
19
Multi-timeframe MAs + Stoch RSI SignalsHello traders, I welcome you to my first published script on TradingView: “Multi-timeframe Moving Averages + Stochastic RSI”. The script is based on a simple formula: Buy signals are generated when a fast moving average is above a slower moving average (uptrend) and the Stochastic RSI K line is crossing above the oversold level (entry). Sell signals are generated when a fast moving average is below a slower moving average (downtrend) and the Stochastic RSI K line is crossing below the overbought level (entry). This indicator works best in strong trends! **Please note the above example has repainting turned on which may produce unrealistic results when viewing historical data. See below for more information regarding this and how you can turn it off.** The user has the following inputs: - Option to change the Stochastic RSI settings, including the oversold and overbought levels. - Option to enter any value for both the Fast Moving Average and the Slow Moving Average. - Option to change between EMA or SMA for each moving average. - Multiple time frames to choose from, as well as the ability to selectively turn off individual time frames (both plots and alerts). (Default time frames are 1 hour, 4 hour, and Daily. You can have a 4th time frame by changing your current time frame to something lower than the other 3 time frames) - Turn on/off repainting: If repainting is turned on you will get an alert and buy/sell signal on chart immediately when condition is met, however the signal may disappear from chart if the condition reverses during the same candle. If repainting is turned off, the indicator will wait for the candle to close before issuing the alert and painting the signal on chart. For higher time frames, the indicator will wait for the candle in the higher time frame to close before issuing a signal if repaint is turned off. Default is set to Repaint on, so please be aware of this if you do not want repainting. How to use alerts: - Before you do anything, make sure your current time frame is the lowest time frame you’d like alerts on, as you will still receive alerts for the higher time frames you selected in settings. - Once you have all the settings changed to how you like, save your chart first. Then right click on any of the indicator’s buy/sell signals on the chart and click “Add Alert on MAs + Stoch RSI”. - Make sure “Any alert() function call” is selected under the Condition. - You can delete or change the text in “Alert name” if you want as the alert message is already built into the indicator, and it will tell you in the alert message which asset and time frame to buy or sell. Other things to note: - The indicator will not display the buy/sell signals of lower time frames when you are on a higher time frame. This was done purposely to reduce clutter on the chart when you switch to higher time frames. - While the alert message will tell you which time frame a signal was generated, the plots on the chart will instead show “Buy/Sell TF1, or TF2, or TF3”. If the signal is from the current time frame that the alert was created on, then it will simply show “Buy” or “Sell”. Hope you guys enjoy using this one, please drop a like if you found it useful. If anyone wants to modify my script in any way, please just credit me for the original work when you publish the script. Good luck!
Indicateur Pine Script™
par tommyf1001
12
Forex scalper 2xEMA + SRSI + MACDThis is a forex scalping strategy designed for the most liquid pairs, like major forex pairs. Its made of 1 EMA 50 1 EMA 100 Stochastic RSI MACD Rules For long :close of the candle is above moving average 50, moving average 50> moving average 100, macd histogram is positive and cross over of stochastic rsi with the oversold level. For short :close of the candle is below moving average 50, moving average 50 < moving average 100, macd histogram is negative and cross under of stochastic rsi with the overbought level. Exit For exit we have take profit and stop loss using fixed pip points. For this example on EURUSD we use 20 pips for both tp and sl IF you have any questions let me know !
Stratégie Pine Script™
par exlux
The Chartless TraderThe Chartless Trader The chartless trader is a trade management system designed to remove the randomness from the market. It is loosely based on the martingales betting system, but takes advantage of position sizing, minimum profit targets, dollar cost averaging, and trailing take profit. The chart can be traded with or without a signal. There is a built in signal based on SB Master Chart's Buy the Dip algorithm. The configurable settings include: Account Value Starting Account Value - This is the value of the account when you start using this system. Current Cash - This is the amount of cash you have available to trade. This setting needs to be updated each time a trade is made. TP/TTP Algo Settings Take Profit % - This setting is otherwise known as minimum profit target. This algo will not advise you to sell or increase your trailing stop until this minimum profit target is met. Trailing Stop % - This is the trailing stop. The default setting is 75%. As a basic example, if the stock is up 10%, the trailing stop would be set to 7.5% (10% * 75%). The algo may override and advise an alternative trailing stop should an overbought condition be detected. DCA/BTD Algo DCA/BTD Algo Time Frame - Default is 120 (2hrs). This algo looks for oversold periods on the 2h chart by default. DCA % - The default for this setting is 5%. This is a trigger for the BTD Algo. The BTD algo will start looking for trades when the stock is 5% below your cost basis. This is to help you average down making it easier to turn a profit when the stock starts making gains. Position # The Chartless Trader supports a maximum of 20 symbols. This is a limitation of the security() function as a maximum of 40 calls are allowed and the script calls the security() function twice per symbol. S# QTY - The number of open positions of the symbol. This has to be manually updated by the user after each buy/sell of the stock. S# CB - This is the cost basis of the stock. Your broker should give you this after each buy/sell and it has to be updated here on the chart after each buy/sell. S# TTP - The script will advise you to increase your Trailing Take Profit in your broker when its necessary. This should be updated manually after you update your order in your broker. This should be configured manually in your broker as a Stop Order. Now that I have covered the configurable options, its important to understand the basis of this system. The martingales betting system is a system that seeks to double its position size each time you enter a losing trade. Eventually when you make a winning trade, it will be enough to cover the previous losses and net you one winning position. Bet 1, lose 1, down 1. Bet 2, lose 2, down 3. Bet 4, lose 4, down 7. Bet 8, lost 8, down 15. Bet 16, win 16, up 1. So the theory goes, if you have deep enough pockets, its a 100% win rate. Such a system is flawed and proven to cause an account to blow up given enough time. You can search Google/YouTube for others that have back tested the martingales system with stocks. I advise that "The Chartless Trading" system be traded with a similar system, but instead of doubling your position, you simply increase your position size by 1%. Bet 1%, lose 1%, down 1% Bet 1%, lose 1%, down 2% Bet 1%, lose 1%, down 3%. In such a manner, your risk of ruin is significantly reduced. Lets say you lose 10 times in a row betting on a stock. You now have 10% of your account value in this particular stock. Because you only invested at times where you were more than 5% down and when an oversold position occurred, because of dollar cost averaging and buying during oversold periods, you may only be down 2-3% on your invested value. Eventually when the stock turns positive, you will have met your minimum profit target and the script will alert you to set a trailing stop. You log into your broker, set a stop loss and wait for it to either trigger or inform you to increase it again. Once the trailing stop is triggered, you deleverage the position by closing it and starting a single new position in either the same stock or a different one and the cycle repeats. The key is to follow the stock down, follow it back up, and not back down. We repeat this cycle with many positions in many stocks to minimize risk and compound our balance sheet. This is " The Chartless Trader ". 1920x1080p Monitor Required if using all 20 symbols. The more symbols loaded, the longer the initial processing to load the table. Please be patient.
Indicateur Pine Script™
par StuBuzzzini
1
Stochastic RSI + WMA + SMA strat// "...an entry signal it's a cross down or up on // the stochastics. if you're in a downtrend // on the hourly time frame you // must also be in a downtrend on the five // minute so the five period has to be below the 144 // as long as the five period is still trading below // the 144 period on both the hourly and the five minutes // we are looking for these short signals crosses down // in the overbought region of the stochastic. Viceversa for longs" // Works well with a wide stop with 20 bars lookback // for the SL level and a 2:1 reward ratio Take Profit . // These parameters can be modified in the Inputs section of the strategy panel.
Stratégie Pine Script™
par tweakerID
1
SB Master Chart v5 (Public)SB Master Chart v5 is the latest progression of the SB Master Chart series of charts. The original SB Master Chart and its successors was designed to be a visual aid for the savvy investor. The original concept was designed to provide valuable information so decisions could be made at a glance with utmost confidence. As the chart progressed through versions, it has slowly shifted the responsibility of decision making from the trader to the indicator. In this version of the script, we have updated the backend decision code. The script has 3 distinct personalities coded to compliment each other, as well as keep the others in check.. The first personality is the buy algorithm. The buy personality is based on two conditions. The first algorithm first determines a trend, then it waits for a confirmation. The personality is comprised of the following indicators. EMA 7 EMA 14 MACD Stochastic RSI By default, the first personality has its visual settings disabled. Its still working, its just not displayed on the chart. It can be enabled in the settings. The background colors designate trend and confirmation. The second personality is stubborn and its committed to making a profit. Its a hard line in the sand that configurable by you the user. Its the take profit/trailing take profit setting. It will not let other personalities sell for less than these configured values. The visual component of personality two is represented by black dots. This serves to showcase its minimum profit target when opening a trade and a trailing stop loss when the price exceeds the minimum profit target. The third personality is the guy that does the dirty work that nobody wants to admit they do. This personality is based on the original SB Master Chart algorithm. This personality takes over when the first personality is unable to turn a profit. This personality goes to work finding appropriate places to dollar cost average. There are two settings that affect this personality. DCA % Risk Multiplier (use extreme caution, this could cause a margin call if used inappropriately). DCA percent setting restricts this algorithm from buying when the price has not fallen below this threshold. Risk Multiplier instructs this algorithm how much positions/qty to buy when it buys. At 2x, the algorithm will buy enough shares to double its current position, at 3x the algorithm will buy enough shares to triple its current position. The visual representations of the third personality are that of red, orange, yellow and green. Red means overbought. When an orange appears just prior to a red, that orange means overbought with volume. Green means oversold and an orange preceding a green is an oversold with volume. Both the red and green represent an possible trend reversal and that's the signal to buy when its green. This personality is comprised of the following indicators: RSI Stochastic MACD Bollinger Volume The code also features 3 modes. Altering the mode setting changes the way the personalities work together (or do not work together). Normal Aggressive Buy the Dip Mode Normal works exactly like described above. Each personality has its own duty and they do not interfere with each others work. Aggressive mode adjusts the dynamic and both the first personality and the third personality share an equal part in opening starter positions. Buy the Dip mode prevents personality one from buying. Since personality one only buys uptrends, you will never see it buying a dip. This mode puts personality 3 in the spotlight. All position are typically opened during a fast/quick market decline. Personality three is still bound by the rules of personality 2, but its responsible for buying and dollar cost averaging. I have also included labels for every buy/sell. A green label is the script making its first purchase, yellow is points where it decided to dollar cost average and the red is where it chose to deleverage by closing out all its positions. Nothing prevents the algorithm from buying immediately after a sell, this is by design because we do not want to miss out on an uptrend, but we also do not want to be caught with too much leverage. Also included vital statistics on the top right of the chart. Open Positions Cost Basis Current Gain/Loss Minimum Profit Target Trailing Stop Loss Total Trades to Date Maximum Positions/Qty to Date In the bottom right of the chart, I have the user configurable settings. This is important so a user can at a glance see the settings of the chart without having to open the options menu. Together, all three personalities form a COMPLETE trading system. The system tracks purchase quantity, cost basis from the first buy, adjust with each new buy and calculates the running profit from the begining of the date set in the settings if it were to have bought and sold at every signal. The public version of the script requires the trader to use the script in real time watching for buy and sell opportunities. The private subscription version of the script has custom alerts that can be configured to alert the user on when to buy and sell and also gives the user appropriate trailing stop loss settings to automate the trading process. I want to name the personalities at some point in time for the novelty factor, but I wanted to release the script as soon as possible for others to enjoy, so they are nameless at this point. If you have suggestions, please contact me with your suggestion. I will credit the person with the best personality with a free subscription to the private version of this indicator. As always, understand the risks of trading and trade responsibly. Nothing in this script can predict the future. Past results do not guarantee future performance
Indicateur Pine Script™
par StuBuzzzini
4
Fractal Fire Zones/Wave RiderMulti timeframe confluence reader: This indicator plots fractals on any specific timeframe selected, multi time frame ema cross that changes color with the trend, multi timeframe 200ema and a calculation that shows potential turning points with a multi timeframe stochastic oscillator confluence. The fire zones are preferred in a ranging market or for potential scalps while the ema trend is designed to keep you with the main trend in any given session. The accumulation/distribution candles can be used to gauge pull backs for re entry or exits based on time or multiple confirmations.
Indicateur Pine Script™
par uptime919
14