Built upon my latest script
Already configured for BINANCE:BTCUSDT in 3H timeframe.
Backtest results below using 100% equity of 10 000$, 0.05% commission, and only buy and sell trades.
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Alert Setup version
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This version includes a new feature.
Trailing Take Profit with % deviation.
For those seeing the indicator for the first time, it works like Donchian Channels with lag and a channel width condition to detect breakouts. On top of that I integrated a Stop Loss and Take Profit system to...
Hi guys, I improved my script once again :)
This version includes a new feature.
Trailing Take Profit with % deviation.
For those seeing the indicator for the first time, it works like Donchian Channels with lag and a channel width condition to detect breakouts. On top of that I integrated a Stop Loss and Take Profit system to pinescript.
Backtest results...
Introduction
There is a lot of indicators similar to this one, however i think this one don't share the same calculation method and this is why i share it. This indicator aim to forecast price direction using an exponential filter architecture using highest and lowest information for the estimation of a smoothing variable. This filter is similar to the average...
The Donchian channel is a trend-following indicator which has been heavily used by the infamous Turtle traders. The Donchian channel measures the high and the low of a previously defined range – typically of the past 20 days.
Conditions:
1. Centre line above close long entry, exit centre line below close.
2. Centre line below close short entry, exit centre line below close.
3. But For now I coded like Long Exit becomes entry for Short and vice versa
Have to further Update
A simple but very useful indicator that plots higher highs and lowers lows and that can be reset each hour, day, week or month, so it can plot new HH and new LL only in that range.
It can be used as it it, combined with other indicators or for TA (it's an entire story about highs and lows, google and youtube are your friends).
Alerts for HH/LL and for the first...
Introduction
Channels are used a lot on technical-analysis, however most of the them rely on adding/subtracting a volatility indicator to a central tendency indicator, sometimes the central tendency indicator can even be replaced by pure price. A great channel who does not rely on this kind of architecture is the Donchian channels or the quartiles bands. Here i...
TAD System
A revolution system designed to make trading easy for beginners and non-experienced traders to know when to BUY or when to SELL.
The TAD System was founded by Mr Fred Tam, the principal lecturer of technical analysis in F1 Academy. TAD stands for Turtle, Atom & Duck.
The TAD System is basically a combination of several indicators which are included...
#DONCHİAN KANALLARI İLE
#RSİ NİN DAVRANIŞLARINI BAZ ALIR
AL SAT STRATEJİSİ OLARAK
1.RSİ NİN ALT KANLADAN AYRILIP ÜST KANALA YÖNELMESİ AL SİNYALİ OLARAK DEĞERLENDİRİLEBİLİR
2.RSİ NİN ÜZT KANALA YAPIŞMASI AL SİNYALİ OLARAK DEĞERLENDİRİLEBİLİR
ÜST KANALDAN AŞAĞIYA AYRILMADA SAT SİNYALİDİR.
YUKARI HAREKETTE ORTA ÇİZGİNİN GEÇİLMESİ DAHA GARANTİLİ BİR AL SİNYALİDİR.
The TURTLE indicator came from the popular and famous Turtle Trading by Richard Donchian.
However the TURTLE indicator is to be used alongside with the ATOM & DUCK indicators.
As with all 3 indicators used alongside will become the TAD Trading System.
As it is straight forward, a BUY or SELL signal is determined when all 3 arrows of the indicators are aligned together.
This script uses the last hlc3 value of 1H, 4H, D and/or W and rotates it 360º up/down with four increments of 90º to find out potential support and resistance areas. Can be used as a dynamic support & resistance tool or just to gauge how overbought/oversold the market is. Special thanks to @Nv56 for his assistance in writing this script.
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