Ichimoku Buy/Sell Signals of manual MTF Tenkan crossing KijunIchimoku Buy/Sell Signals based on fast, small time frame Tenkans crossing longer timeframes Kijuns - Manual MTF Analysis
This code marks the potential change of direction based on the input of one timeframe's Ichimoku Tenkan (conversion) line crossing over a higher, longer timeframe's Ichimoku Kijun (base) line.
Feel free to change the inputs if need be and to hide the yellow box. Use Ichimoku rules of Tenkan, Kijun, Lagging Span, and Cloud for Take profit/Stop Losses. It is best to wait 3-5 minutes after the signal to enter to confirm the trend and to confirm if the Lagging Span has broken key levels. I refer to the book Trading with Ichimoku - A Practical Guide to Low-Risk Ichimoku Strategies by Karen Peloille as the Ichimoku rulebook. Good luck.
For day trading/scalping/intraday - 1min/3min/5min
Tenkan Line Timeframe = 1min
Kijun Line Timeframe = 5min
For swing trading - multiple days/weeks - 4HR/Daily/Weekly Charts
Tenkan Line Timeframe = day
Kijun Line Timeframe = week
在腳本中搜尋"swing trading"
Trend Trading with Currency Strength MeterThis is a trend trading strategy designed mainly for forex made of two big components:
First we have the currency meter, which is made of taking TSI of different INDEXes such as EUR, USD, GBP, JPY, NZD, AUD , CHF and CAD.
Once we establish which one is the weakest and most powerful, we pair them together and we go on that chart.
Lastly we check with the EMA 200 to confirm our direction.
We can see in this example for the USDJPY chart, that USD is the strongest, JPY is the weakest and ema confirm our bullish trend.
For timeframe in general I recommend big timeframes, 1-4h+ , and as a mentality a swing trading mentality, we can stay in trade for days/weeks.
For exit in general I recommend to exit when either one of the pairs losses/gain power or when the EMA is crossing with current candle
If you have any questions, let me know !
Birdie AbelForxThis script indicates a breakout of the "diagonale Line" to show potential Day trading or Swing entries.
Timeframe : H1 or M30
Pairs : Forex, Index, Crypto
Insight :
The purpose of this indicator is to determine areas of reversal or beginning of trend.
Every day at 11:00 p.m. (Paris Time), the daily horizontal level is determined by a vertical line.
The trader will then have to draw the diagonal from the horizontal level of the day before to the level of the new horizontal level by anticipating it until 11:00 p.m. (Paris time)
Thus we will have a diagonal for the day which will serve as an entry trigger if the price crosses and closes beyond this diagonal. During the day the horizontal level will progress at the same time as the weather until 11:00 p.m. (Paris Time)
If you configure a trade entry, the SL level is determined by the horizontal level of the same day.
For swing trading, the SL can follow the price by placing itself each day (above for a sell / below for a buy) of the daily level so as to act as a daily trailing stop.
As long as the price is above the diagonal and the daily level, we remain in an uptrend.
As long as the price is below the diagonal and the daily level, we remain in a downtrend.
xBrat BIAS DEPTH HeatmapThis Trading Indicator is the "Go - No Go Gauge" for any trading signals strategy. A Sub-Chart that looks up 6 time frames and gives you real time BIAS. Bullish, Neutral or Bearish on each level. Making decisions, acting on trading signals easier! Only identifying those highest probability trades, no matter what signals trading indicator you are using. Ideal for Forex Trading, Futures Trading, Crypto Trading and Stocks Trading
This BIAS Depth Heatmap includes:
6 Levels of BIAS Depth
Scalping Setting
Day Trading Setting
Swing Trading Setting
And by only concentrating on trading the highest probability trades of any trading strategy, we can block out all the other noise and concentrate on a simple set of rules!
This is why our Founder, Paul Bratby, decided to help filter out all the noise and allow traders to see what's going off on higher timeframes "in depth" to help make those important trade entry decisions. This more global view of the BIAS DEPTH is designed to help traders make decisions faster!
Wolf TradeWolf Trade indicator designed to help you develop your own trading strategy and give you that extra confirmation on your trade ideas. This indicator helps you to identify the right buying or selling opportunity. Examines several items to issue a buying or selling position. For example, it checks the status of the RSI , as well as the status of the MACD , as well as the status of the stochastic . Checks the order of placement of the EMA and the condition of their cross with ATR. And uses the ATR for stop loss.
Wolf Trade indicator commodities on all timeframes including 1m, 3m , 5m, 15m, 30m, 1H, 2H, 4H, 1D, 1W, etc. Definitely, the performance of this indicator is much better in 1, 2, 4 hours and daily timeframes, but that does not mean you can not use it in shorter time frames.
This indicator is does not repaint and works on any market internationally including crypto, stocks, forex, futures and currencies. You can utilize our indicator for scalping, swing trading, holding or even for trading options as well.
DD Nifty Zone MarkerDear Investor / Trader,
DD Nifty Zone Marker is a flag to identify the Supply and Demand zones.
I have coded the flag in such a way when there is an imbalance between the buyer and the seller, the flag is triggered.
There are 2 type of candle.
Equilibrium Candle (E-Candle):
They imply that transactions are happening in a range thus Buyer and Seller are in balance
Candle with Body Range <= 50% of Candle Range
Im-Balance Candle (IB-Candle):
They imply imbalance between Buyer and Seller thus price starts moving either up or down
Candle with Body Range > 50% of Candle Range
Demand Zone Formation (DZ):
Condition 1:
1. Reversal Pattern – RED IB Candle - > BLUE E Candle - > GREEN IB Candle
2. Continuous Pattern – GREEN IB Candle - > BLUE E Candle - > GREEN IB Candle
Condition 2:
The two candles immediately following the IB Candle must each make a new High. They do not have to make a Higher close, just Higher high. It can be an E Candle or IB Candle
Supply Zone Formation (SZ):
Condition 1:
1. Reversal Pattern – GREEN IB Candle - > BLUE E Candle - > RED IB Candle
2. Continuous Pattern – RED IB Candle - > BLUE E Candle - > RED IB Candle
Condition 2:
The two candles immediately following the IB Candle must each make a new Low. They do not have to make a lower close, just lower lows. It can be an E Candle or IB Candle.
Flag Name:
DZ - Demand Zone
SZ - Supply Zone
Suggested time frame:
Scalping trading - 1 Min or 3 Min
Intraday trading - 5 Min or 15 Min
Swing Trading - 1 Hr or 4 Hr
Positional Trading - 1 Day
Buy Opportunity:
Entry - When there is a formation of DZ flag in an up trend of the underlying.
Stop loss should be the low of the BLUE candle.
Sell Opportunity:
Entry - When there is a formation of SZ flag in a down trend of the underlying.
Stop loss should be the high of the BLUE candle.
High POP Setup:
One can take trades based on the flag when there is a correlation with Pivot , Camarilla , higher period MA.
Note: Trade only the pull back.
SmartProfit - Trend Indicator (Main Version) - RUSmartProfit - Trend Indicator (Main Version) detects trend direction and gives trading signals for Short and Long positions.
You can use "SmartProdit - Trend Indicator" for any timeframe, from daily, 4h, to fewer ones, even minute timeframe.
We recommend using those timeframes:
4h. and 3h. - for swing trading
15min. и 30min. - for scalping
"SmartProfit - Trend Indicator" features:
1. Sell and Buy signals ( For setup, we have three parameters: HB, sensitivity, and stop )
2. TakeProfit values for Long and Short signals ( Prices for profit fixing )
3. Profit table ( Show profit of current indicator settings for chosen time range )
4. Current position table ( Show data for the current position in real-time. At this table you have all that you need to enter the position )
5. Trend lines ( Draw Global and local trend lines. )
6. Fibonacci levels ( Automatically draw global and local Fibonacci levels )
7. Fibonacci channel ( Automatically draw global and local Fibonacci channels )
8. Auto setting - sorts out more than 6000 variants of settings at one loop and gives the best one.
For best results, you should set up an indicator for each trading pair. For setup, we have three parameters: HB, sensitivity, and stop. We have an additional feature for auto setting, which sorts out more than 6000 variants of settings at one loop and give the best one.
For work with indicators we made 3 strategies:
First - we enter the position after the signal is approved. Close and reenter to position with approved signal for another side.
Second and third - the same, we enter the position after the signal is approved, but we use TakeProfit and StopLoss values to fix the position.
"SmartProdit - Trend Indicator" определяет направления тренда и дает торговые сигналы для входа в Короткую или Длинную позицию.
Индикатор позволяет торговать на любых Таймфреймах , как на дневных, так и на более мелких временных интервалах, вплоть до минутных.
Мы рекомендуем использовать Таймфреймы:
4ч. или 3ч. - для Свинг-торговли
15мин. и 30мин. - для Скальпинга
Подробнее о функционале индикатора SmartProfit:
1. Сигналы Покупки или Продажи ( Для настройки используется уникальные параметры HB и Чувствительность )
2. Значения TakeProfit для Long и Short сигналов ( Зоны фиксации прибыли )
3. Таблица прибыльности ( Отображает прибыльность текущей настройки на выбранном интервале времени )
4. Таблица Текущей позиции ( Показывает текущую позицию в режиме реального времени - в ней есть всё, что нужно для входа в позицию )
5. Трендовые линии ( Рисует как Глобальные, так и локальные трендовые линии, в зависимости от настроек )
6. Уровни Фибоначчи ( Автоматически строит уровни Фибоначчи, как Глобальные так и Локальные )
7. Каналы по Фибоначчи ( Автоматически строит каналы по Фибоначчи, как Глобальные так и Локальные )
8. Автоподсчет всех настроек индикатора - автоматически делает подбор более 6000 вариаций настроек за раз и выдаёт лучшие под каждый актив. Вам не надо тратить недели и месяцы чтобы вручную подбирать настройки, наш инструмент подберет лучшие настройки для Вас.
Для более лучших результатов, для каждого актива индикатор настраивается отдельно !
Для настройки индикатора используются три Уникальных параметра:
HB, Чувствительность, Стоп.
Для работы с индикатором разработаны три стратегии:
Первая - мы входим в позицию при закреплении сигнала и переворачиваемся (то есть выходим из позиции и заходим в противоположную сторону) по обратному сигналу.
По 2-ой и 3-ей стратегии мы также входим после закрепления сигнала, но для фиксации прибыли используем зоны TakeProfit, указанные индикатором.
Подробнее о всех возможностях стратегий, а также настройке и работе с индикатором, вы узнаете из нашей инструкции, которую выдаем персонально.
ShareGenius Swing Trading (SST) 20 days low
20 days high
target to set
special thanks to Shri Mahesh Chander Kaushik and Shri Krishan
Retail Insider Trend Following (HTF ONLY)Before I begin, here is a disclaimer: None of this is financial advice, and I'll recommend you to do your own research or talk to your financial advisor, if you want to use this. And also make sure you understand the risks properly before taking any trades. This particular indicator is a work of experiment, and I am publishing the optimized code. Please leave a comment below if you have any queries.
As per the logic, I am taking the highest point in a particular time window (used the in built ta.highest function) , and the lowest point in a particular time window (used the ta.lowest), and averaged it using the in built function (
RMA(which is the B33 Mean.)
For the offset, I am simply calculating and adding some values (which can also be input by the user.)
and this user input is in percentage.
So if you observe the lines, the Red line in between is the mean, and the Yellow lines are the offsets. (Everything can be changed in settings)
In simple layperson terms, if the price goes above the Red line, it's an uptrend,
and if the price goes below the Red line, it is in a downtrend.
Now I just wanted to keep the offset because I wanted more confirmation before actually entering a trade. (the offset can be changed again, from the settings, and the offset is in percentage)
A lot of times, you will see that the price is kind of going sideways, where, a lot of traders get trapped, as there is no clear trend.
So in order to eliminate that choppy price action and stay out, I'm using this offset. This should probably save a lot of bad trades.
So basically, if the price goes and closes above the higher offset, it will confirm a trend change, and a possible bull market.
Similarly, if the price goes and closes below the lower offset, it will confirm the end of the bull market, or a corrective phase, or a bear market.
A few things to note, however...
If you change the timeframe, you will see that the lines are not shifting/changing that much. This is because, it will consider the highest and the lowest points and average it.
So, basically, if you do the math, you will understand why,... and this logic is purely for a higher timeframe analysis/confirmation.
I'll personally recommend this kind of a setup for swing trading/confirmation on the daily or the 4H charts, mostly for longer timeframes. (If you are on the pro/pro+ or premium, you can try out 6H or 12H timeframes as well)
If you are looking for scalping, setups and indicators, this is not the right one.
If you liked it, don't forget to give a follow :)
Spartan Trade Master 1.0Dear Traders/investors,
Make use of the Trade setup for intraday/Scalping/Swing Trading using Pivot Points , Along with CPR , EMA And Zone confirmation.
Advantages and Top Features:
-> CPR
-> Camarilla and standard Pivot Points
-> 20/50/100/200 EMA
-> Boring Candle
-> Next Day CPR & Camarilla
-> Multi Timeframe Analysis Using single chart
-> Previous Day High And Low
-> Supply and Demand Zones Based on Timeframes
How to Use?
Camarilla Trade Setup:
Green Zone: Reversal Buy Zone
Red Zone: Reversal Sell Zone
CPR Trade Setup:
1. Narrow CPR indicates Trending market
2. Wide CPR indicates sideways market
CPR + Camarilla confirmation:
Whenever there is a Narrow CPR we need to look for Breakout Trades.
Whenever there is a Wide CPR we need to look for Reversal Trade.
EMA : Exponential moving average tries to reduce confusion and noise of everyday price action.
Boring candle: Helps to identify any explosive or non-explosive moves, during marking of demand and supply zones.
Moving Average Gradient (MAG) The Moving Average Gradient Indicator uses multiple Moving Averages to create a gradient. It creates continually more faint MAs, filled upwards or downwards to the price at a certain opacity. It can be used efficiently for stocks, forex, crypto, and more. This indicator combines numerous Moving Averages of your choice, a few of which include:
EMA
SMA
WMA
HMA
RMA
DMA
LSMA
VAMA
TMA
MF
Using this indicator will make entries more simple because crossovers and crossovers can more easily be detected, either manually or using alerts. These multiple Moving Averages allow for a smoothed out price trend, and the filtering of irregular and odd short-term price fluctuations. Due to the ample count of price trends that are widely used, it is difficult to view the market through the eyes of all types of investors/traders. This indicator manages to counter exactly that, you will be able to see all existing trends and enter/exit positions accordingly. This indicator can be used with all chart types and works well with many other indicators. It allows for complete customization and offers easy-to-understand settings which can be designated to a certain individual. You can modify every single factor of the MAs which allows for an even more personalized and adapted Indicator that reflects your trading/ investing inquiries. Most importantly, it looks cool.
A few of the technical settings you can change are:
Moving Average Count (Select how many do you want to be displayed.)
Moving Average Type (EMA, SMA, WMA, etc.)
Source (close, open, high, low)
Separate MA Length (The length of each Moving Average, its lookback. How many previous candles should it be based on? Choose each Moving Average's lookback length.)
You can also change the style settings of the indicators like:
Progressive opacity percentage (By how much will the next MAs fill affect the other? 1st: 50%, 3rd: 30%, 4th: 20%, 5th: 10%)
Bullish Candle Color
Bearish Candle Color
This indicator is unique because it can be used for all strategies and all trading styles, for example, day trading or long-term investing, really anything if used correctly. The reason it can be used in so many instances is a result of the detailed and in-depth settings tab. This allows the indicator to be used and to be useful in various situations and allows you to dominate the market. You can either increase the MA length difference by progressively small amounts for day trading and create bigger gaps in the MA length difference for swing trading or long-term investing. Integrated alerts also enhance your efficiency while using this indicator because you can choose to be notified at the crossovers and crossunders of a pair of Moving Averages.
The technical portion of the indicator creates and plots the chosen amount or count of Moving Averages as specified in the settings tab. Then it fills each MA using the selected color and opacity. Afterward, it adapts the moving Averages to use the inputted data from the settings tab and uses it to plot them accordingly.
Alino Forex SystemInizia a fare qualche spiccio con il forex.
Un indicatore di swing trading è uno strumento di analisi tecnica utilizzato per identificare nuove opportunità. Gli swing trader vogliono trarre profitto dai mini trend che sorgono tra alti e bassi (e viceversa). Per fare ciò, devono identificare il nuovo slancio il più rapidamente possibile, quindi utilizzano indicatori.
Ci sono due tipi di opportunità che uno swing trader utilizzerà per identificare gli indicatori: tendenze e breakout. Le tendenze sono movimenti di mercato a lungo termine che contengono oscillazioni a breve termine. I breakout segnano l'inizio di una nuova tendenza.
Gli swing trader potrebbero utilizzare indicatori su quasi tutti i mercati: inclusi forex , indici e azioni .
WillyIndexHello Traders
This Indicator FOREX based on Willy Heine's MW4 method for Position Trading and Swing Trading
The FOREX market is cyclical, so if we analyze the historical tops and bottoms, we can have a direction in which the price can return
Timeframes: Monthly, Weekly and Daily
- Inserts Top, Middle and Bottom lines of the last 5 years into the graph (parameter "Years" which by default is 5):
Top-Line: Indicator takes the highest closing price of the period (Ex.: 5 years) and plots a line (red);
Bottom-Line: Indicator takes the lowest closing price of the period (Ex.: 5 years) and plots a line (green);
Middle-Line: Indicator takes the average closing price of the period (Ex.: 5 years) and plots a line (yellow);
Uses:
- BUY: Price below the "Middle" line (the closer to the "Bottom" is the better), carry out analysis (fundamentalist / technical / graphic) looking only for BUY opportunities with a take profit in the middle line
- SELL: Price above the "Middle" line (the closer to the "Top" is the better), carry out analysis (fundamentalist / technical / graphic) looking only for SELL opportunities with a take profit in the middle line
Margin Level Management (Lots proportional to the balance):
- Lot size "0.01" for every $100, ie if you have $1000, you can open trades until you reach a maximum of 10 open trades of lot size "0.01"
Succe$$ everyone
Gann HiLo ActivatorThe HiLo Activator study is a trend-following indicator introduced as part of the Gann Swing trading strategy. In addition to indicating the current trend direction, this can be used as both entry signal and trailing stop.
There are many scripts already published for this indicator, but I've found they didn't match the original one.
So here it is the Gann HiLo Activator as originally developed by Robert Krausz, in a 1998 article in the Stocks & Commodities magazine.
I've also added the option to select the type of Moving Average you would like to use.
Hope you enjoy!
DYNAMIC Trend Following-NSE Stocks-Long OnlyMotivation
The momentum feature is well known and researched in the market. Momentum trades/signals often result in out sized positive returns when trades go well in their favor. At the same time, almost all momentum methods/signals suffer from frequent, small and multiple losses.
Dynamic indicator/system is a proprietary systematic method designed to capture momentum on Indian Indices of NIFTY and BANKNIFTY . It aims to identify bullish / bearish patterns in a systematic manner and uses volatility adjusted entry levels and trailing points. The method employs a proprietary method to filter out market noise from an underlying trend to ensure whipsaws arising from a trend-following method are removed. These patterns can be found in several well known books such as those of LA Little and Market Wizards series. We have combined well known existing patterns into a proprietary pattern that improves the performance. It is similar to combining Moving Average and RSI to get confirmations into a single system.
The current indicator is a Long-Only investment strategy for NSE(INDIA) Stocks.
Trade Usage
The indicator can be used either as a standalone indicator/method or can be used as an additional confirmation to your stock analysis. If you have a knack of picking stocks or if you deploy any other system to pick stocks, this can add systematic entry and exits to your Stock Analysis.
Time Frame
This indicator can work best if you use a bit of Multi-Time Frame analysis. Depending on your expected holding period, here are a few suggestions:
Investing - Holding period of a few Weeks to Months - Use Daily Charts and 2-Hr Charts
Swing Trading - Holding period of a few Days to Weeks - Use 90-Minute Charts and 30-Minute Charts
You can use any other time frame combinations that may suit your style.
Elements of the indicator
BUY - They depict the BUY Signal at the open of that bar.
Scale-In (Optional) - If your risk appetite permits, you can potentially scale-in at these times. These are signals which come only when a prior Buy signal is on.
Stop Loss - Anytime the system generates a Buy Signal, it will also generate an initial SL level. This SL level is updated at close of each bar and adapts to volatility and trend in the market.
Customizable Parameters
Here are a few things that can be customized:
Input Parameters:
Volatility Lookback - The lookback period that affects the trailing SL and entry exit signals. Default value is 20 Bars, but you may want to edit on the basis of your time frame.
Risk Mode - This comes with three options - Conservative, Moderate, Aggressive. It is a good idea to Enter Positions on Conservative Mode and then trail it on Moderate. Aggressive should rarely be used.
Colors - All labels and plots on the chart can be customized for colors. Look under 'Style' settings.
How to obtain access?
Please PM the publisher of script to request access or refer to details in signature below.
MM SENSEI ICHIMOKUIt was developed in the late 1930s by Goichi Hosoda (細田悟一, Hosoda Goichi), a Japanese journalist who used to be known as Ichimoku Sanjin (一目山人, Ichimoku Sanjin), which can be translated as "what a man in the mountain sees". He spent 30 years perfecting the technique before releasing his findings to the general public in the late 1960s.
Ichimoku Kinko Hyo translates to one glance equilibrium chart or instant look at the balance chart and is sometimes referred to as "one glance cloud chart" based on the unique "clouds" that feature in Ichimoku charting.
Ichimoku is a moving average-based trend identification system and because it contains more data points than standard candlestick charts, it provides a clearer picture of potential price action. The main difference between how moving averages are plotted in Ichimoku as opposed to other methods is that Ichimoku's lines are constructed using the 50% point of the highs and lows as opposed to the candle's closing price. Ichimoku takes into consideration the factor of time as an additional element along with the price action, similar to William Delbert Gann's trading ideas.
Here is What I Added
'Select between 5 different buy conditions
.auto Atr risk management
.auto pivot levels based on timeframe
.alerts send full signals to your phone
.added trading sessions
.Mtf cloud filter at bottom of the screen
"strict" feature that only shows trades with the trend
How to use
There are many ways to use this Algo based on the different signals it provides
you use the auto pivots for swing trading
or use the cross over signals to scalp or intraday trade
the main purpose of this algo was to make sense of the Ichi Cloud and show its genius
Link below or PM us for access to this indicator Happy Trading
(FireflyTA) COG AverageCOG Average
COG stands for Center of Gravity. This indicator is an average of multiple COGs based on different sets of timeframes. To get the single COGs this average is based on, use the Market Flow COG (Overlay) indicator.
COG Average is primarily a support and resistance indicator. It can also be used to identify trend and trend changes as well imminent breakouts.
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About "Center of Gravity"
The COG is an entity that is pulling price back to it frequently (this is why it is called Center of Gravity ) as the law of mean reversion dictates. Mean reversion can be loosely broken up into mean reversion on multiple timeframes, and the COGs are included for ULT (ultra low, 15-60m), L (low, 1h-4h), M (medium, 6h-12H) and H (higher, 1D+) timeframes. As this entity is a new development in TA there is still a lack of scientific evidence that it is reliable. However, if you look at the charts, you will notice that price action will respect this entity and circle around it on the appropriate timeframes most of the time.
The COG is similar to a Bollinger Band , it is using volatility as its main component. However, COGs are aggregated entities looking at more timeframes at the same time, so besides the Time X Volatility perspective that is provided by Bollinger Bands , this entity adds a third dimension by looking at multiple timeframes. The COG is the mean of all the BBs that are included in the calculation, which can be a large number. This makes a COG a meta-analytic entity that is more sensitive to market price action.
The COG helps you in identifying how far and for how long price has been overextended to one side beyond the means. In theory, the probabilities increase dramatically to see a mean reversion to the COG. Watching price interacting with the COG should make clear that the correlations are significant, however there might be differences based on the markets used. The COGs have primarily been tested with the BTCUSD market and for crypto in general.
A way to trade based on COGs is to look for weakness (if price is above the COG) or strength (if price is below the COG) in price action while it is approaching S&R. If signs of accumulation or distribution arise, and the distance to the COG is meaningful (as well as being maintained for a few candles), it can provide additional backing for your long/short scalping and swing trading ideas. I'd recommend to always use the COG in combination with your knowledge on price action.
By using all COGs at the same time for ULTF, LTF , MTF and HTF you can get a feeling for where price is in the context overall market flow.
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Deviation Bands
The Deviation Bands are fib-based deviations of the COG. When this module is enabled, the deviation bands are plotted around the COG. The deviations can be adjusted manually as well by changing the values in the indicator UI. The main purpose of these bands is to identify the structure of price movements in relation to the COG distance, i.e. analyzing how long price can maintain levels in an area >X or <Y away from the COG. They give also a certain tolerance to the fast reacting S&R zone.
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How to Use
First of all, the COG Average and the zone around it based on the deviation bands can be traded like any other S&R. It makes sense to read into price action in addition to using this indicator. Don't rely on the indicator alone. If you see weakness in price action while price is getting rejected at the COG Average (below), it could be a possible shorting / profittaking spot.
All COGs act as mean reversion entities, so in strong trends we can expect price to visit the COGs (and also the COG Average) once in a while. It might be worth looking for trade entries at the COG Average range after a strong correction for bounce.
You can find in-depth tutorials on how to use this indicator by browsing the links and resources in my signature.
SWING for GOLD / BITCOIN Hey everyone
I want to share my swing trading system with you.Based on two moving averages coupled to RSI
The options
Shows current trends and entries for trades. Average trade retention 15-20 days
Entries for trades with a crossover of two lines
The percentage of successful test deals XAU/USD for 2010-2021: 69%
Pro Algo: Find the Direction and Follow the Trend
Find direction is the key to success for all traders. This script can find the direction and Opening Range. All you need to do is follow the direction and the trend generated from this script. It can be used for day trading and swing trading on all time frames. It generates short-trend, medium-trend and long-trend lines with no repaint and no lagging. It also generates Support/Resistance (S/R) area for Day-time and 24 hours time-frame.
How does it work?
* Defines all support/resistance (S/R) levels based on floor trader’s pivot points and my own S/R levels.
* Calculates the trend/reversal signals, price reactions close to all above S/R levels.
* Generates short-trend, middle-trend and long-trend line based on all combined factors and directions.
What are the signals?
* Pink line are short-trend line
* Green line are short-trend line
* Red line are short-trend
* Deep green area is S/R Opening Range for day-time, which can be used as Open Range Breakout
*
How to use?
* Find the Opening Range(green area)
* Follow the direction of Pink/Green/Red lines
* Trade in the same direction of opening range breakout and the direction of trend(Pink/Green/Red lines)
* It works on all time-frames from 1 min, 2 min, 3 min to 4 hours chart.
* The trend lines will not change, i.e trend lines will be same for all time frames
* There is no way to filter all noises even with higher time frame, all the trades must have a stop Or Reversal the direction once the trend is changed.
* These trend lines provide excellent support and resistances levels.
How to access?
* PM me (ProKingTV) to obtain access
* 10 days Free Trial is available
Godzilla StochShort-term, Mid-term and long-term Stoch.
this indicator comes with overbought overbuy zones, when lines are tested the upper or lower zone that indicate that the market is in overbought or oversold.
Olso comes with J plot candles, when the candles are in upper or lower zone they plot red or green color, indicating that the market has entered in overbought oversold too.
For scalping use 1h Timeframe.
For intraday use 4h Timeframe.
for swing trading use 1d Timeframe.
It moves enormously when the lines are aligned in the upper zone or lower zones.
Sup/Res - SwingSwiss SuiteSup/Res can display up to ten different lines of supports and resistance.
It’s super reliable and ultra-customizable. You won’t have to draw them yourself anymore. It’s more accurate and time-saving.
Also, the indicator calculates in real-time the distance in % from the market price to the lines.
The indicator is perfect if you need to define your price limits on a swing trading strategy or for scalping a 5mn chart as a day trader.
Disclaimer:
Trading and investing in the financial markets involves substantial risk of loss and is not suitable for every investor.
All trading strategies are used at your own risk.
Trend Analyzer is part of the SwingSwiss Suite, contact me for more info
Cristina - Trading Sessions and Moving AveragesCombination of Trading Sessions and Moving Averages. You can easily edit the time frame background to give you a visual presentation of your most active trading hours or customize it to represent the different forex trading session inline with your local time.
The default moving average here is the 20, 50, 100, 200 and 250 MA. The use of moving averages could be in a (1) form of cross over to find out the dominant trend, (2) use it to find value zone or (3) use it to find dynamic support levels. It greatly depends on your trading system.
With the combination of the trading sessions and the moving averages, you could isolate the trades you will be taking inline with your active hours. Thus this is a great tool to add in terms of day trading or swing trading with the lower time frames.
EP/SL and ratio calculationExplanation of the indicator
The first question is - what is shown here at all. Generally, the indicator calculates order prices depending on the data found in the chart. The order is based on the lowest low (for a long) of the bounce and the high of the last candle. For a short it is based on the highest high and on the low of the last candle. There is no value for you, if you don’t do swing trading using trend lines on your chart.
All values shown are no financial advise - you are responsible for all your trades.
The indicator looks for the lowest low of the last days. How many days back to be searched can be configured in the settings. The lowest low is marked with the flag - the date and price is displayed there.
The high of the last candle is read out and based on this the entry price is calculated. On the green line are the EP percentages with which is calculated, the entry price and also the high of the last candle displayed.
On the line there is a green (or red) triangle, which indicates the trading direction. More about the direction can be found below in the settings.
Based on the lowest low (or in case of short the highest high) the stop loss is calculated. Also here the percentage and the price is given.
The lines labeled R1 to R5 are the prices of the respective ratios. The lines are 40 time units long (in the standard setting) and thus one can read off the ratio, which the trade would reach after approx. 8 weeks, over the trend lines and their intersection point at the end of the ratio lines.
The orange line marks the point at which we would be 10% above the entry price (or below the entry price for a short).
In general, the calculations are equivalent for short, the marker of the highest high is displayed.
The capital and the number of shares to be traded are not publicly displayed on the chart. The complete calculation is visible when you move the mouse over the text of the entry price.
In this small pop-up window you can see with which capital the calculation was done. The capital should be updated daily in the settings. Furthermore, you can see how many shares can be traded with this capital, taking into account the 1% portfolio risk. It is again the entry price and a proposal for a stop limit price (percentages also configurable) displayed. The price for the 3 ratio (take profit) and also the price for the stop loss can be read here. So actually everything that is necessary for the creation of the order.
Settings
The indicator now has a lot of settings and options. I have also built-in indicators such as EMA and JMA to have all the indicators necessary for me - with the free TV. Some things can also be changed under "Style", but I don't want to go into the things under "Style" here, just the basic settings.
Settings of the main indicator
With the checkmark at "Main Indicator" all lines etc. can be switched off without the other indicators (EMA, JMA) disappearing.
Capital:
Here you can set your daily capital (from paper trading or from the real money deposit). This is used to calculate the number of shares.
Search last bounce in last x candles:
Here you can influence how many candles the tool should look into the past to search for the lowest (long) or highest (short) candle. Default is 10, but sometimes shorter or longer periods make sense. It is also possible to tune a bit here and e.g. with "0" make the calculation of the SL based on the low/high of the last candle. Which low (long) or high (short) is taken, is always evident with the above described flag.
go back x candles for calculation:
If the calculation is not to be made on the basis of the last candle, but e.g. the one before last, this can be adjusted here. Everything is adapted with, thus e.g. also the Stochastic of this time is used for the direction. One can go back in time and reconstruct the calculation at that time.
EP percent:
Specifying how far the EP should be from the high (long)/low (short) of the last candle.
EP limit percent:
Specify how far the EP limit should be from the EP.
SL percent:
Specifying how far the SL should be from the lowest low (long)/highest high (short).
direction mode:
here is set in which way the indicator should be directed long or short. The stochastic used here has the settings 8-5-5. k is the blue line and d is the red line of this stochastic.
Stoch k>d = long automatic, blue line above the red line for long calculation
Stoch k<50% = long automatic, blue line below 50% for long calculation
long no automatic, always long calculation
short no automatic, always short calculation
ignore last candle if market is open:
Normally one calculates at closed market, thus on the finished candles. If you want to calculate with an open market or if you want to make sure that the indicator is not constantly running back and forth after the market has opened, you can automatically ignore the last candle (i.e. calculate on the second to last candle) if the market is open. If the market is closed, the last candle is always taken. If turned off, the last candle is always taken even if the market is open.
use close price for EP (instead of high/low):
You can adjust the EP calculation here to take the close price instead of the high/low of the last candle. This is not the usual strategy, but if there are long wicks/luns and you are quite sure with the trading direction, this can improve the ratio significantly.
Ratio lines length (bars):
The length of the lines. You can change here for 3M/6M trades to 80 time units.
Text color:
Color of the text (default is gray, this is kind of useful for white and black background).
Line color R-lines:
Color of the ratio lines (default is gray)
10% color:
Color of the 10% line (default orange)
Additional indicators settings
EMAs:
Here you can switch on/off all EMA lines
xx EMA Length:
Configuration of the individual EMA lines to be displayed. At 0 the line is switched off, colors are configured at the style.
JMA:
Here you can additionally display the JMA. Also its colors can be configured at Style.
JMA length:
JMA length, default 20, phase is fixed at 50 and power is fixed at 2.
