Inizia

Multi

h4hdwm (updated)I put most importand moving avarages for most importand time frames together. When you whatching a graph you are sometimes missing another time frime very importand moving avarage and there is a reaction on price. with this multi time frame multi ma indicator you can see all of them at once. it makes a little mass if you let all of them together. so you might close some of them. Bigger time frames Moving Avarages has ticker lines and bigger steps.
Indicatore Pine Script™
di boncukludeliibrahim
1
[L] MTF SSL ChannelThis indicator plots SSL Channel, ideally from an higher time frame. I couldn't find any SSL Channel script with this feature so I made one, hope that helps others. Features: No Repainting The script does not repaint and follows Pinescripters' guidelines. Other Time Frame It is possible to select another (higher) time frame. If a lower one is selected the script warns to change it, since calling a lower time frame leads to unreliable data. Alerts It is possible to create alerts for trend changes (cross Up or Down). It also shows simple labels to see trend status at glance.
Indicatore Pine Script™
di Protervus
14
Mix signal-rileksdevMix Signal Indicator by rileksdev Indikator ini mengandungi -3 line bewarna hjau,merah,biru -1 indikator MACD yang sudah diubahsuai supaya boleh mengesan pergerakan awal harga akan turun atau naik. -Support & Resistance sudah tersedia pada chart,jadi tidak perlu susah payah cari sendiri -Buy signal & Sell signal yang keluar apabila harga akan membuat kenaikan atau penurunan Cara guna: Line biru: digunakan untuk intraday timetrame 5minit. Line hijau & merah digunakan untuk Intraday pada timeframe 15minit timeframe 30minit untuk swing short term atau midterm. MACD MOD untuk mengesan pergerakan awal harga akan turun atau naik. Garis bintik hijau(Support) & Garis bintik merah (Resistance) yang sudah tersedia pada Chart Buy signal apabila harga akan membuat kenaikan Sell signal apabila harga akan membuat penurunan
Indicatore Pine Script™
di ijaxz99
1
Multi-Indicator/Multi-Timeframe Panel | Agora AlgoWe strongly believe in order to be a profitable trader you need to understand what is happening on multiple timeframes, not just the timeframe you are trading on. We put together this script to help traders fix that problem and make multi-timeframe analysis as simple as a small "Panel" that you can glimpse at as well as customize. Too often we see traders focusing only on lower or singular timeframes resulting in opening positions at overbought/oversold areas or against the long-term trend. Hopefully with this approach we can help encourage all traders to take the initiative and responsibility to really do that multi-timeframe analysis. The way it works is very simple but very useful. By default the script is looking for the direction of trend on all timeframes and sending that data to the "Panel". You as the user have the ability to change what the script/"Panel" will look for. Other available analysis methods are detecting RSI oversold and RSI overbought conditions on all of the timeframes as well as detecting Bollinger oversold and overbought conditions on all of the timeframes. You as the user also have the ability to customize all kinds of variables so that you are able to find what best suits your trading style. Customizable options/variables: MA Calculation Type Fast/Short MA Length Slow/Long MA Length RSI Length Bollinger Bands Length Bollinger Bands Standard Deviation Reference Manual/Documentation: For Trend Detection the emoji ⏫ means UPTREND For RSI Detection the emoji ⏫ means OVERBOUGHT For Bollinger Detection the emoji ⏫ means OVERBOUGHT For Trend Detection the emoji ⏬ means DOWNTREND For RSI Detection the emoji ⏬ means OVERSOLD For Bollinger Detection the emoji ⏬ means OVERSOLD The 🔲 emoji means that neither of the above conditions are TRUE which usually when only happen when using RSI or Bollinger Mode. The 🔲 emoji will also mask any timeframe lower than the timeframe you are currently viewing on the chart. Because security functions are used in this script/indicator we have taken the necessary precautions to follow Tradingview/Pinescript best practices. With that being said best practices advise not to pull data from lower timeframes as security functions were initially intended for pulling higher timeframe data. Best practices tell us there is a good chance of data loss when attempting to pull data from lower timeframes so we have removed the ability/chance of that happening. Bonus Customizations: You as the user also have the ability to enable a shortened version of the reference manual onto the "Panel" by enabling the option in the settings. If you need to get a quick idea of what the terminology stands for you could check there and it will be defined for you. We hope you enjoy what we have created and would appreciate any feedback! Remember guys, RISK MANAGEMENT and DO YOUR MULTI-TIMEFRAME ANALYSIS! Cheers!
Indicatore Pine Script™
di VitalAlgo
26
X Exchange BTC Cash Flow Index (Multi-Exchange)Custom Cash flow Index (Similar to MFI) indicator based on BTC World Volume across all exchanges. Volume Data based on "BTC WORLD VOLUME" by Phil Ledru How it works: Use this indicator like to see momentum changes in Price and Volume across all exchanges for Bitcoin. When momentum is positive, indicator will turn Blue. When momentum is slowing down and price is declining, indicator will turn Red. Like your usual RSI, OB & OS levels are 80 & 20. What to watch out for: - Watch out for Bullish and bearish divergences in Volume - Wedges, Head and shoulders and other formations. Enjoy!
Indicatore Pine Script™
di yinandyani
4
Profit Accumulator Heat MapHi Everyone Happy to share this heat map packed full of indicators to make those trading decisions. There are a whole host of indicators including: Inverse Fischer Transform Moving Average Slope EMA50 Crossover Schaff Trend Cycle MACD RSI Stochastic RSI Moving Average Cross Over Quantitative Qualitative Estimation On Balance Volume All of the indicators are customisable in the settings so you can adjust them to how you want. I often find that the combination of MACD and QQE provide good early entry and exit signals. Any comments or improvements then please feel free to get in touch. Cheers Mike Big thanks go to @everget, @JustUncleL and @LazyBear for the use of their codes.
Indicatore Pine Script™
di Mikeo82
1
RSI MTF thresholds with auto adjustmentThe RSI MTF thresholds panel allows for identification of strong trends across multiple timeframes with automatic adjustment for different timeframes by utilising multiples of the chosen resolution. A specific timeframe can be used by entering its multiple in the corresponding Resmult() box. The panel shows the current timeframe as well as 4 additional timeframes, displaying whether the RSI level is above a high threshold or below a low threshold. A green or red indication on all timeframes is a strong indication of a trend that has some staying power on the timeframe under examination. Markets that are ranging with no identifiable trend will show blank spaces. Failure of the trend to "climb up" the panel shows a weak trend, while repeated signals in the same direction is a strong indication of a trend forming as the RSI level is prevented from cycling to the opposing extreme. High probability continuations can be identified by a brief loss of signal at the lowest level of the panel only (corresponding to the current timeframe). Setting the thresholds higher towards the overbought/oversold regions will identify levels that are oversold on multiple timeframes. Happy to take suggestions or attempt to modify if there is interest.
Indicatore Pine Script™
di ASilk
SRSI/CCI :: ALLinPower v10.0 Everything you see in this indicator has beed designed with purpose to ease your trading with visual technical analysis of the market. It pulls data from 7 different TimeFrames and it can not be more simpler visual representation of its calculations when applied on chart. When applied on chart, you will see two sets of WAVES. First set is made out of SRSI calculation and the second is made out of CCI calculation. Both of them follows the same rules. Background GREEN/RED wave is made out of Multiple Timeframes and it represents a TREND. GREEN for LONG, RED for SHORT trend. Over the background wave there is a wave made of current TimeFrame data and its main purpose is to see when the POWER of certain direction will diminish. The less time little wave stays in current trend the more likely is that it will change the trend based on lack of power the market is getting in certain direction. HOW TO USE IT? Rule 1. TIMEFRAMES Choose the best TimeFrame for the job. I use: 1min, 2min, 3min, 5min, 8min, 13min, 21min, 34min or 56min (golden ratio). You can also pick a different TF but only to up to 1h TF chart as it does not work well with TF over 1h. Smaller TF is used for SCALPING of DAY TRADING higher TF is used for SWING TRADING. You get the picture?
 Rule 2 TO ENTER BUY/LONG POSITION: When big trend wave is below the middle line and coloured in RED and little wave just entered the area and exits it very soon after. Basically when RED straight line gets smaller and smaller (the POWER of SHORT diminishes) it is a sign for LONG. TO ENTER SELL/SHORT POSITION: When big trend wave is over the middle line and coloured in GREEN and little wave just entered the area and exits it very soon after. Basically when GREEN straight line gets smaller and smaller (the POWER of LONG diminishes) it is a sign for SHORT. To ease yourself the spotting of this instances just follow the GREEN/RED dots and use ALERTS (choose BUY POWER for LONG signals or choose SELL POWER for SHORT signals) to make yourself free from staring at a computer/mobile all the time and just wait for a signal. Rule 3 CAUTION Do not rush to enter a position and try to predict what indicator will do next. It does not end well. Be aware you are not exiting a position in panic that would be too soon or even worse, you get married to bad trade and you are not exiting even though you should exit by many signals you get. Use risk management strategy to protect your capital. Follow the rules and make your trading easier and better.
Indicatore Pine Script™
di igorbanker
3
RSI :: ALLinDivergence v10.0 Everything you see in this indicator has been designed with a single purpose, to ease your trading with simplify visual technical analysis of the market. It pulls data from 7 different TimeFrames and it can not be more simpler visual representation of its calculations when applied on chart. When applied on chart, you will see GREEN/RED alternating MTF RSI line and its 70 overbought area and its 30 oversold area. There is a gentle purple colour line in the background which represents RSI line of the current TF (it is not crucial but it helps to know why MTF line turns RED or turns GREEN (crossing of those two). HOW TO USE IT? Rule 1. TIMEFRAMES Choose the best TimeFrame for the job. I use: 1min, 2min, 3min, 5min, 8min, 13min, 21min, 34min or 56min (golden ratio). You can also pick a different TF but only to up to 1h TF chart as it does not work well with TF over 1h. Smaller TF is used for SCALPING of DAY TRADING higher TF is used for SWING TRADING. You get the picture?
 Rule 2 TO ENTER BUY/LONG POSITION: search for HigherLows on RSI MTF GREEN/RED LINE when it is coloured RED. To enter a position it should be confirmed with AALERT :: ALLinDivergence v 10.0 that "GREEN" Divergence is emerging. TO ENTER SELL/SHORT POSITION: search for LowerHighs on RSI MTF GREEN/RED LINE when it is coloured GREEN. To enter a position it should be confirmed with ALERT :: ALLinDivergence v 10.0 that "RED" Divergence is emerging. Rule 3 EXIT FROM BUY/LONG POSITION: search for HigherLows on RSI MTF GREEN/RED LINE. EXIT FROM SELL/SHORT POSITION: search for LowerHighs on RSI MTF GREEN/RED LINE. Rule 4 CAUTION Do not rush to enter a position and try to predict what indicator will do next. It does not end well. Be aware you are not exiting a position in panic that would be too soon or even worse, you get married to bad trade and you are not exiting even though you should exit by many signals you get. Use risk management strategy to protect your capital. Follow the rules and make your trading easier and better.
Indicatore Pine Script™
di igorbanker
ALERTS :: ALLinDivergence v10.0 Everything you see in this indicator has a designated purpose to ease your trading with predefined ALERTS of high quality. It pulls data from 7 different TimeFrames and it can not be more simpler visual representation of its calculations when applied on chart. When applied on chart, it will colour your chart BARS/CANDLE to the colour PURPLE as that colour is well known colour of Relative Strength Indicator line that indicates overbought or oversold area. RSI is used as a main source of information/data for this indicator. Second reason of colour PURPLE is that it cancels all the noise that default green/red bars have. This indicator also has GREEN/RED colouring of BARS/CANDLES and they appear when something crucial is happening in the market. That something needs to be checked ASAP. This green/red coloured bars are just there to remind you that something can happen and it does not mean that market would actually change direction it is just a "friendly warning" you can use when creating alerts. The best thing about this indicator is those full coloured GREEN/RED LITTLE DOTS. They represent DIVERGENCES emerging and possible actual change of market direction. To be sure, you need to analyse your chart more in depth any way you prefer to get your needed confirmations. To do that, use your strategy that you have been using when trading up until now or even better, use indicator that I made and is called RSI :: ALLinDivergence v 10.0 -> It is a visual representation of ALERT :: ALLinDivergence v 10.0 indicator signals. Very easy to analyse in minutes. HOW TO USE IT? Rule 1. TIMEFRAMES Choose the best TimeFrame for the job. I use: 1min, 2min, 3min, 5min, 8min, 13min, 21min, 34min or 56min (golden ratio). You can also pick a different TF but only to up to 1h TF chart as it does not work well with TF over 1h. Smaller TF is used for SCALPING of DAY TRADING higher TF is used for SWING TRADING. You get the picture? Rule 2
 To ENTER A POSITION 
Find the best TF that suits your needs. That depends on your trading style (day trading, scalping, swing trading, ect.). To know which TF is the best for you you also need to look for a good quality signals when looking the chart in the past (visual BACKTESTING). Signals from past should yield positive results.
 When you wish to trade certain pair, find the best TF and from there you need to "Create Alert". Choose this indicator when creating alerts and from dropdown menu pick "GREEN" for Divergence BUY/LONG signals or "RED" Divergence SELL/SHORT signals. Then choose "Greater Than" and change the value to "1" (that will set off the alarm), choose how you want to be notified and then name the ALERT so you will know how it is made.

Do not forget to do your work and analyse your market situation best way you can and get needed confirmations before doing anything about it. Rule 3 TO EXIT A POSITION From the same TF as Divergence alerts are made from (Rule 2), you can make alerts that are just a "friendly warning" that something is happening on the market you are in an opened position. Instead of picking GREEN or RED from dropdown menu when creating alerts, you need to pick GREEN BARS or RED BARS and the rest is the same as with rule 2. Rule 4 CONFIRMATIONS Help yourself with any type of analysis you need to get the confirmations you need to enter or exit the position. Use the style you always have up until now. Or find a better one that is quicker and with good yield. There is a great option that can change your way of thinking about trading and it is called RSI :: ALLinDivergence v 10.0 indicator that is used as a visual representation of ALERTS indicator. It takes literally minutes to do whole analysis - remember it uses data from 7 different TimeFrames and it is really good! Just find LowerHighs of RSI curve for SHORT or HigherLows for LONG.
Indicatore Pine Script™
di igorbanker
1
Phoenix085-Strategies==>MTF - Average True Range + MovAvgFIRSTLY, Here are a few who have influenced my pinescripting immensely recently: @JustUncleL @BigBitsIO @TheArtofTrading @QuantNomad @SquigglesNiggles and many many many more. Overview: > This indicator is a simple crossover of Moving Averages. > In addition I am using ATR rising as an indication for Trending Price. > The entry is made once the smaller moving average crosses the bigger moving average, and also the Closes above the Smaller moving average. > but the only twist here is, - the ATR source is One timeframe Higher(In this case same as the session).whereas the source for the Moving averages is one Timeframe Lower. >i.e., if the Session is 1D, the Indicator checks if the ATR is rising in the DAILY TIMEFRAME, *_* the trade entry is made once the MOVING AVERAGE crossover happens on ONE TIME FRAME lower, as per example, ATR --> 1D = MA -->4H. > Moving Average -> - Thick -> Bigger MA, - Thin and Transparent -> Smaller MA, > Also, the Color of the Thicker MOVING AVERAGE Changes as Below: - When LongCondition is satisfied --> Color=Lime - When ShortCondition is satisfied --> Color=Red - When neither condition is satisfied --> Color=Gray NOTE: 1) There is a limitation in using the Securities function for FREE USERS --> Only 500 bars are allowed. So to use the indicators with more data, you need an upgraded TV account. 2) Strategy still needs Fine tuning, but for now, use the Thicker moving average color LIME FOR LONG ENTRIES and RED FOR SHORT ENTRIES. This is Free for Use and share
Strategia Pine Script™
di Phoenix085
2
PHInkTrade Price FinderHello there, fellow trader! Welcome to Price Finder indicator for TradingView page. Please join me as I present you an overview about it. Before we begin, a few quick notes: Availability information is presented at the last section of this content. Please check it out to know how to get access. In addition to this description, there is also an overview video available. Please refer to the last section on this content as well. With time, some of the functionality described below may change. Please refer to Release Notes for most up-to-date information. Ok now, let's get started! What is Price Finder? Price Finder is a technical analysis indicator (aka "Indi" ), built on a mathematical foundation which recognizes price's fractal, multi-layered nature -- a key aspect, related to the multiple time-frames process different size traders use to make their decisions. The objective of the indicator, naturally, is to help identify high probability opportunities for successful trades , especially those which can provide a good return : risk ratio (greater than 3:1). This is very important to foster sustainable equity growth over time . In order to do that, it helps identify new positions of previously successful support and resistance levels , out of both its multi time-frame mathematical approach, and empirical evidence. By mapping these, indicator provides a good way to anticipate next levels with high success probability, as well as to validate or invalidate expectations in relation to what price is more likely to do next. Last, but not least, it also helps identify price state , in terms of trend and consolidation . Meaning that, if price is trending, we can expect it to go farther -- either higher or lower --, in a more consistent way. Or, if it is consolidating, we can expect it to remain trading inside a range. Combined, these aspects help you develop an enhanced view of the market , and a better edge for your trades. Feedbacks from beta phase Before diving into more details, i'd like to let you know that, besides internal tests, the indicator has gone through a public beta testing phase , having received quite nice feedback from participants . You can find more information about it in the overview video, as mentioned above. How it works? As seen on chart below, indicator is composed of: a Trend Band two Expansion Threshold Bands and Bar colors . Let's get through each of these. Trend Band The Trend Band is the one which runs around the middle of the indicator, and helps you assess if you should be leaning bullish or bearish, locally -- considering the time frame you are looking at. Its inflection points , also known as death crosses and golden crosses, are important events to anticipate -- and pay attention to when they happen. There's also a middle line , which helps you evaluate if price is leaning towards crossing the band to the other side. The following chart shows some examples* of how lines can help identify potential places to have new trades. * More information about specific trading approaches is available through complementary materials. So, Trend Band helps us adjust our bias towards a direction. But how far can we expect price to go? To help answer this question, the indicator also provides two other bands. Let's talk about them, next. Expansion Threshold Bands The Expansion Threshold Bands are the ones usually surrounding price (not always, as you'll notice). They are called the Upper Expansion Threshold Band and the Lower Expansion Threshold Band . Their purpose is to help identify potential limits , or places where price is more likely to face a contrarian force , and will probably have to decide whether to continue in the same direction, or to pull back -- end eventually revert. On the following chart we have an example (Bitcoin, 15 minutes time-frame). It was retracing locally, but once it hit the corresponding Lower Expansion Threshold, it found strong support, making it pull back, and look to test upper structures, next . In fact, as can be seen, this support was tested and respected three times on this chart. Conversely, the Upper Expansion Threshold Band, resistance, was tested and broken twice -- an effect, and validation, of the overall uptrend Bitcoin was in. Broken Expansion Threshold Bands Indicator also helps adjust expectations when price breaks an Expansion Threshold . As an example, on the following chart, we see Bitcoin breaking the 15 mins lower band, after having respected it multiple times during the rise. The result was a significant correction. So, when price breaks an Expansion Threshold Band of a particular time-frame, we can expect it to expand in that same direction for a while. In other words, we can expect it to trend in that direction, until it finds a larger time-frame Expansion Threshold which can hold it. To help with this aspect, here enters indicator's distinctive multiple time-frame overlays functionality . Multiple time-frame overlays Multiple time-frames is a very important aspect to understand and consider when dealing with an asset's price, as different size traders make decisions based on each of them -- and, naturally, this requires us to deal with the combined results of all such decisions. On the chart below, (again, Bitcoin 15 minutes time-frame), standard indicator deployment is showing where supports are for some of the lows. But there are moments when price stop "mid-air". Why is it so? Well, this happens due to the influence of another time-frame structure (in this case, a smaller one). To identify which structures are working, it is possible to apply the indicator one or more times to the chart, and perform an empirical research . In this case, bounces were caused by the 10 minute lower threshold band, approximately. This feature allows you to see, on a single chart, multiple time-frame structures working at once -- which, besides bringing greater clearness, can also help you save time, by skipping the handling of multiple charts. Note : TradingView recommends using a lower time-frame chart and deploying a higher time-frame overlay. However, within a good margin, the reverse practice has proven itself to work for Price Finder, as indicator's approach is evidence-based. So, whichever smaller time-frame overlay which shows itself as working, even though on a higher time-frame chart, should continue to do so, as calculations remain proportional. Another example below, now showing 5 minutes working as support multiple times too (besides 10 and 15). So, by researching which supports and resistances are being repeatedly respected, out of price's multi time-frame / multi layered reality, and finding their current price levels -- both through the means of the indicator --, it is possible to anticipate high probability places for successful trades -- either in favor of the structure, if you believe in a stop-and-reverse move, or against it, if structure gets broken and allows price to start expanding / trending. Always based on both a mathematical foundation, and an empirical observation (evidence / confirmation). Bar colors As an additional information to help you understand if price is trending (or starting to develop trend intentions), or if it is consolidating , the indicator provides bar color schemes. By default, it uses dark green and dark red colors for initial developments of bullish and bearish trends , bright green and bright red colors for developed, stronger trends , and orange for consolidations . Knowing such states help you build more confidence in the movement -- or not. Color-blind friendly setting Colors-wise, indicator also offers the possibility to use a second scheme, more friendly to color-blind users. You can change color scheme on settings panel. Other settings There are other ways to customize the presentation of the indicator , especially regarding multiple time-frame overlays , as we saw, but also to help you manage and reduce chart clutter , for example, in terms of number of lines being plotted. It's possible to decide to just plot backgrounds, or some part of the structure, or avoid painting bars, etc. Sample chart settings, explained What you see on the chart above: 3 deployments of Price Finder, one for each of the following time frames: 1 hour ('Chart' time-frame), 15 and 4 minutes. Custom settings: 1 hour: Upper and lower expansion threshold bands plotted in full. Trend band hidden; 15 minutes: Trend band hidden, expansion thresholds with just backgrounds (for better visibility); 4 minutes: likewise. Price Finder working with other assets Here are some other examples of the indicator, now working with other assets. Time-frames used to 'calibrate' readings were observed from previous evidence on the same charts. Ethereum / US Dollar, 4 hour chart, with 100, 50 and 25 minutes overlays. S&P 500, 1 hour chart, with 30, 15 and 5 minutes overlays. Dow Jones Industrial Average, also 1 hour chart, with 4 hours, 15 and 5 minutes overlays. Gold / US Dollar, 1D chart, with 600 minutes, 4 hours, 140 and 80 minutes overlays. Euro / US Dollar, 4 days chart, with 1 day, 700 minutes and 4 hours overlays. Availability and more information For indicator availability, access instructions, and/or additional information, please use the corresponding link in the external links section below. Thank you very much for your attention! Cheers! PHInkTrade
Indicatore Pine Script™
di PhinkTrade
7
MTF_HA & CANDLE [by coral1213]Hi traders. This is a multi-timeframe Heikin-Ashi candle chart script. There is no repaint. This is used when you want to see a high time frame Heikin-Ashi candle on the candlestick chart. 1. HTF RESOLUTION = Frame of output candle... 1H=60, 4H=240, 1D=1D, 1W=1W... 2. HTF SOURCE TYPE = Selects the target chart mode for the output candle... Candlestick of HighTimeFrame or Heikin-ashi of HighTimeFrame 3. HTF RESOLUTION HIGHLIGHT = Marks the beginning of the selected resolution. For better visibility, it is recommended to turn off the optional border color. Enjoy Trade
Indicatore Pine Script™
di coral1213
5
Triple RSIThis idea behind this indicator was to show an un cluttered view of the RSI on 3 different timeframes. The RSI for the current chart highlights Lime/Red when it crosses the Overbought and Oversold levels, which are editable in the Inputs tab. RSI 2 defaults to the 1h timeframe and prints a lime dot at the top of the indicator when it's above the 50 level and a Red Dot at the bottom of the indicator when it's below the 50 level. It can also be viewed as a plot line that changes color when it's above or below the 50 level. RSI 3 defaults to the 4h timeframe and prints a blue square at the top of the indicator when it's above the 50 level and an orange square at the bottom of the indicator when it's below the 50 level. It also can be viewed as a plot line that changes color when it's above or below the 50 level. I've added the indicator multiple times to show a few of the different viewing options, with the default settings at the very bottom.
Indicatore Pine Script™
di DDMyke
2
Joseph Nemeth Heiken Ashi Renko MTF StrategyFor Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed. This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. Nemeth is a forex trader that came up with a multi-time frame heiken ashi based strategy that he showed to an older audience crowd on a speaking event video. He seems to boast about his strategy having high success results and makes an astonishing claim that looking at heiken ashi bars instead of regular candlestick bar charts can show the direction of the trend better and simpler than many other slower non-price based indicators. He says pretty much every indicator is about the same and the most important indicator is price itself. He is pessimistic about the markets and seems to think it is rigged and there is a sort of cabal that created rules to favor themselves, such as the inability of traders to hedge in one broker account, and that to win you have to take advantage of the statistics involved in the game. He believes fundamentals, chart patterns such as cup and handle and head and shoulders, and fibonacci numbers don't matter, only price matters. The foundation of his trading strategy is based around heiken ashi bars because they show a statistical pattern that can supposedly be taken advantage of by them repeating around seventy or so percent of the time, and then combines this idea with others based on the lower time frames involved. The first step he uses is to identify the trend direction in the higher time frame(daily or 4 hourly) using the color of the heiken ashi bar itself. If it is green then take only long position after the bar completes, if it is red then take only short position. Next, on a lower time frame(1 hour or 30 minutes) look for the slope of the 20 exponential moving average to be sloping upward if going long or the slope of the ema to be sloping downward if going short(the price being above the moving average can work too if it's too hard to visualize the slope). Then look for the last heiken ashi bar, similarly to the first step, if it is green take long position, if it is red take short position. Finally the entry indicator itself will decide the entry on the lowest time frame. Nemeth recommends using MACD or CCI or possibly combine the two indicators on a 5 min or 15 min or so time frame if one does not have access to renko or range bars. If renko bars are available, then he recommends a 5 or 10 tick bar for the size(although I'm not sure if it's really possible to remove the time frame from renko bars or if 5 or 10 ticks is universal enough for everything). The idea is that renko bars paint a bar when there is price movement and it's important to have movement in the market, plus it's a simple indicator to use visually. The exit strategy is when the renko or the lowest time frame indicator used gives off an exit signal or if the above conditions of the higher time frames are not being met(he was a bit vague on this). Enter trades with only one-fifth of your capital because the other fifths will be used in case the trades go against you by applying a hedging technique he calls "zero zone recovery". He is somewhat vague about the full workings(perhaps because he uses his own software to automate his strategy) but the idea is that the second fifth will be used to hedge a trade that isn't going well after following the above, and the other fifths will be used to enter on another entry condition or if the other hedges fail also. Supposedly this helps the trader always come out with a profit in a sort of bushido-like trading tactic of never accepting defeat. Some critics argue that this is simply a ploy by software automation to boost their trade wins or to sell their product. The other argument against this strategy is that trading while the heiken ashi bar has not completed yet can jack up the backtest results, but when it comes to trading in real time, the strategy can end up repainting, so who knows if Nemeth isn't involving repainting or not, however he does mention the trades are upon completion of the bar(it came from an audience member's question). Lastly, the 3 time frames in ascending or descending fashion seem to be spaced out by about factors of 4 if you want to trade other time frames other than 5/15min,30min/1hour, or 4hour/daily(he mentioned the higher time frame should be atleast a dozen times higher than the lower time frame). Personally I have not had luck getting the seventy+ percent accuracy that he talks about, whether in forex or other things. I made the default on renko bars to an ATR size 1 setting because it looks like the most universal option if the traditional mode box size is too hard to guess, and I made it so that you can switch between ATR and Traditional mode just in case. I don't think the strategy repaints because I think TV set a default on the multi-time frame aspects of their code to not re-paint, but I could be wrong so you might want to watch out for that. The zero zone recovery technique is included in the code but I commented it out and/or remove it because TV does not let you apply hedging properly, as far as I know. If you do use a proper hedging strategy with this, you'll find a very interesting bushido type of trading style involved with the Japanese bars that can boost profits and win rates of around possibly atleast seventy percent on every trade but unfortunately I was not able to test this part out properly because of the limitation on hedging here, and who knows if the hedging part isn't just a plot to sell his product. If his strategy does involve the repainting feature of the heiken ashi bars then it's possible he might have been preaching fools-gold but it's hard to say because he did mention it is upon completion of the bars. If you find out if this strategy works or doesn't work or find out a good setting that I somehow didn't catch, please feel free to let me know, will gladly appreciate it. We are all here to make some money!
Strategia Pine Script™
di SparkyFlary
12
piphunter sspiphunter ss the latest indicator in the pip hunter suite its single aim is to combine important trend analysis from multiple time frames and display the estimated direction of price based off that multi-timeframe analysis the multi-timeframe analysis is done with a series of modified SSL channels taking data from 4 different time frames and then assimilating that with a pair of moving averages periods then through a series of calculations using those 2 moving averages gives you a signal line and what we call the bacd line when they cross it signifies a new trend direction to enable entry and exit points in a lower time frame whilst still respecting the overall trend from higher time frames things that this displays - symbol above or below candles when multiple time frames line up in the same direction and confirmed with the integrated maths mentioned above - recoloured candles when an overbought or oversold condition is met This is best used with the rest of the pip hunter package for more info on getting access to all indicators in the package. Please message me for more information.
Indicatore Pine Script™
di the_w15rdx
66