Library "SupportResitanceAndTrend" Contains utilities for finding key levels of support, resistance and direction of trend. superTrendPlus(multiple, h, l, atr, closeBars) A more flexible version of SuperTrend that allows for supplying the series used and sensitivity adjustment by confirming close bars. Parameters: multiple : The multiple to apply to the...
NRTH_ SuperTrend strategy, packed with alerts, visual backtesting, and ready for automation. Comes included with the Premium Package. Indicator features Built-In Alerts Visual Risk Management Customizable Entry Rules Usage Tips Works on 15m+ timeframes, tweak sensitivity accordingly We recommend using higher timeframes with very strict...
Hello All, This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend. As seen below, each zigzag wave is a candle on Zigzag...
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Essentially, Moving Averages smooth out the “noise” when trying to interpret charts. Noise is made up of...
I have the ambition to create a ‘landscape’ which enables the user to see the ‘mood’ of the market about the price of an instrument, simply by looking where the candles go. Prices are a simple phenomenon , they go up or down or stay the same. This is represented quite well for the short term by a candle. I recommend to study candle patterns. Prices not only...
This indicator combines the Supertrend (to determine the main trend direction) with two Keltner channels (used for add and take profit signals) to construct a trend trading system. These are the available settings: General UseTrendChange ➞ toggle trend change alerts and labels UseAdds ➞ toggle add to position alerts and labels UseTakeProfits ➞ toggle...
Hello everyone and welcome to our first script release! This script is one of many upcoming scripts. This one is a test for us, how it works, how you guys like this kind of stuff, and for feedback what we should change/improve at. SCRIPT IS OPTIMIZED FOR: EUR/USD 30 MINUTE TIMEFRAME Video of the Strategy: Search for “MACD + CMF + 200 EMA + Supertrend Trading...
Initial Release on Prism Core 1.7.r493 Included in this Ultimate Supertrend Lite Strategy: ✔️ Tweak a multitude of specific settings (MA lengths, R:R, SL distance etc) ✔️ Enable advanced setup filters ✔️ Use money management and risk calculations ✔️ Draw trade info directly to chart (eg. SL size in percent, win rate etc) ✔️ Use various filters (eg. time...
Very much similar to : I have slightly changed code to accommodate multiple zigzags. Also removed possibility of external source to keep it simple. Indicator shows 2 Level zigzag based supertrends. Second zigzag used is multi level zigzag and hence, this acts as higher timeframe filter and can be considered as overall trend bias.
Uses two SuperTrend+ indicators to signal when a change in trend is confirmed. By using a minor trend within the major, a pullback after a turning point can signal a more optimal entry. See SuperTrend+ for more details.
The Commodity Channel Index (CCI) is a momentum oscillator used in technical analysis primarily to identify overbought and oversold levels by measuring an instrument's variations away from its statistical mean. Besides overbought/oversold levels, CCI is often used to find reversals as well as divergences. Originally, the indicator was designed to be used...
Level: 1 Background Omega Research proposed Tether line in June 2000. I utilized it in fast-slow line form to follow trend. Function Due it can provides good support and resistance, using it as "moving average" fast-slow line form can provide very stable golden cross and dead cross signal. You can adjust parameters to fit for your trading pair and use it and...
Inspired by YouTube (again) I decided to backtest this strategy. Here is my Triple Supertrend + Stoch RSI + 200 EMA v0.1 -- The Strategy : Uses the 3 supertrends. 200 EMA Stoch RSI -- LONG -- * When over 200 ema and a Stoch RSI Cross happens below the oversold 20 then we wait for the 2 or 3 Supertrends to pass to green. -- SHORT -- * When under 200 ema and a...
Quickly find market caps, risk management and predict the timing of contrarian tensions. By automatically receiving trend changes, we support trend follow, push and return strategies simply and quickly. Make the most of this all-in-one system and take your trading style one step further. ・ Main functions MACD slope change signal (UP / DN) MACD hidden...
Our new indicator tracks trends to create buy and sell alerts, see below how it works. HOW IT WORKS: It uses RMA which is the same moving average used by RSI and HMA, they intersect give us an entry signal, be it a buy or sell, as the entry signal the script will color the bars according to the signal. When a GREEN candle appears, it indicates a large...
Back to my favourite supertrend. But, this time on the basis of zigzag pivots. This is similar to forming supertrend based on pivot high lows - but instead of using pivot poitns, we are using zigzag pivots here. Zigzag is derived using the same method as this script: But, have removed labels and display options of zigzag. Older lines are also immediately...
Based upon popular SuperTrend (AKA: ATR Trailing Stop) indicator with the following differences and improvements: Defaults to using Volume-Adjusted WMA ( VAWMA ) for ATR. (Can still be configured to behave exactly like classic SuperTrend.) Can use SMA, EMA, WMA, VWMA, and VAWMA instead of just SMA. Confirmation close bars for avoiding false breaks. ...
This script improves the Supertrend indicator by displaying a label that shows the percent difference between the latest closing price & the Supertrend. This comes in handy when one is using the Supertrend value as a stoploss level. For instance, one would like to have a maximum stop loss level of 8%. Instead of calculating how much percent the price is away...