Simply choose what two securities (symbols) you want to compare. The study will subtract Open, High, Low, and Close of second input from the first. You may also move the plot line wherever you choose. It may be necessary to move the plot line in order for some charts to look right.
***At the bottom of the page is a link where you can download the PDF of the Backtesting Results.
This year I am focusing on learning from two of the best mentors in the Industry with outstanding track records for Creating Systems, and learning the what methods actually work as far as back testing.
I came across the RSI-2 system that Larry...
This script identifies a technical break of the current trend. Its shows when the swing point before the most recent extreme (high or low) is taken out. The indicator can help you to identify when the current trend is weakening or momentum is slowing down. It is not a standalone script, that you should use for automated trading. It works best when a clear trend is...
Volume Profile Free Ultra SLI by RagingRocketBull 2019
This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 100 horizontal bars.
This is basically the MAX SLI version with +50 more Pinescript v4 line objects added as levels.
It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev...
Support and Resistance using donchian channels to validate tops/bottoms
(note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel)
combo with other systems:
This is BP Oscillator / Bagot Price Oscillator
It is part of the Rabbit hole algorithm/ strategy which jets to be revealed
but works stand aloe very good
Initial idea: When lines cross it signals you change of trend
but since reversal trading is a sucker game, you should wait for your baseline to get broken in the signal direction
blue - long
red - short...
Took the code from LazyBears rsi-fib and made it so you could apply it to a chart. It plots fib levels between the high and low of a timeframe of your choosing. Seems to line up well with custom drawn fib levels.
Not sure if it's any better than just drawing the lines yourself, but whatever.