To use indicator you need to provide enter and stop prices(you can drag these lines also). Also you able to set your Account Size in USD, Risk in % and Commission you pay your broker per lot.
Indicator calculates all this information and provides you with Lot Size(with commission) you need to open a position and target prices for 2R and 3R(also includes...
Rob Booker - ADX Breakout. The strategy remains unchanged but the code has been updated to pinescript V5. This enables compatibility with all new Tradingview features. Additonally, indicators have been made more easily visible, default cash settings as well as input descriptions have been added.
Rob Booker - ADX Breakout: (Directly taken from the official...
Prints lines from the opening price of the three major forex session, plus from the New York midnight opening price.
Has some customizable settings.
Alerts for price crossing the levels.
Somewhat of a work in progress.
This indicator is designed to know the high traded volume sessions in advance before the day starts.
The predictive volume bars will be plotted in advance once a new trading session starts.
The basic idea is to store each bar volume / Volume MA data for the selected time. So, the first bar of each data is stored for all selected historical...
Hello traders ,as you know the session timing plays a major role in trade execution.
I was searching for a good session indicator for a very long time but I was not satisfied with the indicators which are already available on Trading view. So I decided to code one my self.
This indicator is based on the timing provided by the website...
Other available matrixes I found have a limited number of forex symbols. Consequentially, you need to keep switching them if you want to do a proper analysis. As a result of that, I produced my own currency matrix.
Correlation studies relationships between different price charts.
High correlation may be completely random in the short term, but it may signify a...
RSI DIVERGENCE is a difference between a fast and a slow RSI. Default values are 5 for the fast one and 14 for the slow one.
You can use this indicator in 2 different ways:
normal RSI : check double or triple top/bottom on a chart meanwhile RSI is descending/ascending (check the example on chart)
signal line : when RSI Divergence cross zero line from...
This is ATR in pips. This was requested by user @ElixiumCapital. ATRPIPs in his words:
"ATR PIPs is useful for finding markets with your desired amount of volatility, for example I prefer to trade forex pairs with the highest amount of volatility in the past 5 days, setting the length parameter to 5 days. And setting my stop loss at 25% to 33% of the the...
Accidentally, I’m sharing open-source profitable Forex strategy. Accidentally, because this was aimed to be purely educational material. A few days ago TradingView released a very powerful feature of dynamic values from PineScript now being allowed to be passed in Alerts. And thanks to TradingConnector, they could be instantly executed in MT4 or MT5 platform of...
Variety of possibilities offered by PineScript, especially thanks to recent additions, created some confusion. Especially one question repeats quite often - which method to use to trigger alerts?
I'm posting this to clarify and give some syntax examples. I'll discuss these 3 methods in chronological order, meaning - in the order they were introduced to...
Using Modified code from Lazybear's CVI 0.17% indicator and some logic, this script can help identify value buy and sell opportunities at a very early phase. Best used as a confirmation tool. This is a beta, so use it as such. Enjoy.
Sometimes "top" indications in an uptrend mean to look for an opportunity to add to position while "bottom" indications during a...
Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index)
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR *...
This script trades basic hammer and shooting star candlestick patterns.
It's an extremely simple strategy with minimal filters, and according to my personal manual backtesting and automated trading results, performs best on the Daily chart on certain forex pairs.
It is intended to be traded on the forex markets but theoretically should work on all...
This is a trend trading strategy scalping bot that can work with any type of market. However I concluded my tests so far with Crypto, Stocks and Forex, and with optimizations always could be found some profitable settings.
SImple Moving Average
Exponential Moving Average
Rules for entry
long= Close of...
RAVI FX Fisher is a special implementation of RAVI using WMA moving averages and ATR and then normalized like Fisher Transform. If the histogram falls between the white lines, the market is too choppy to trade. This indicator is tuned for Forex.
What is RAVI?
The Range Action Verification Index (RAVI) indicator shows the percentage difference between current...