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Banded Chikou Breakout — Quantifying Ichimoku MomentumTitle: Banded Chikou Breakout — Quantifying Ichimoku Momentum Overview: Banded Chikou Breakout (BCB) is a unique, algorithmic script designed to augment the capabilities of traders seeking substantial breakout opportunities. Constructed on the robust principles of the Ichimoku trading strategy, BCB is designed to quantify and filter the Chikou Span's significant breakouts above or below the price action. This script does not aim to replace the Ichimoku system; instead, it enhances it, providing an optimized tool for momentum trading. Rationale: Ichimoku traders often scrutinize the Chikou Span's position relative to price action to identify market trends. However, determining whether the Chikou Span is above or below due to a genuine trend or mere market noise can be challenging in choppy markets. BCB resolves this predicament by offering a unique way to interpret the Chikou Span's movement. It does so by quantifying the Chikou Span's momentum and utilizing Bollinger Bands to determine its significance. By effectively differentiating substantial movements from the insignificant, BCB can help traders better navigate the market and increase their potential for profitable trades. How it Works: BCB combines three key elements: a Momentum Script (simulating Chikou Span), a Bollinger Band Script, and a Timeframe Switcher, all working together to provide a refined trading perspective. Momentum Script: Calculates the price difference between the current price and the price 'n' periods ago, transforming the Chikou Span into a quantifiable momentum value that signifies the strength and speed of a market move. Bollinger Band Script: Computes a Simple Moving Average (SMA) around the momentum, plotting two 'bands' at a specified standard deviation from this SMA. This functionality allows traders to discern when the Chikou Span's momentum is abnormally high or low, signifying a potential significant breakout. Timeframe Switcher: This feature lets traders apply the BCB script to a different timeframe from the one they are currently viewing. This capability can help traders identify higher timeframe breakouts and trade them with precision on the lower timeframe. How to Use: BCB is designed to complement the Ichimoku strategy for effective breakout identification. Add the BCB script to your trading chart. It plots the momentum (yellow line) and Bollinger Bands (green lines) with the area between the bands shaded blue. Utilize the Ichimoku strategy to identify larger and smaller timeframe trends. Optional: Leverage the timeframe switcher to synchronize your trades with higher timeframe trends while operating on lower timeframes. If the BCB momentum line crosses the upper Bollinger Band while the Ichimoku indicates a bullish trend, it signifies a potential significant upward breakout. Similarly, a cross below the lower band during a bearish trend could denote a significant downward breakout. Remember, without the context provided by the Ichimoku system's trend analysis, BCB can yield false breakouts. It is, therefore, crucial to use these tools in tandem. I like to check for an Ichimoku trend on the 4H and 1H charts, and then use BCB on charts <60 minutes to capture trends with precision.
Indicatore Pine Script®
di ichimokucorner
The Flash-Strategy (Momentum-RSI, EMA-crossover, ATR)The Flash-Strategy (Momentum-RSI, EMA-crossover, ATR) Are you tired of manually analyzing charts and trying to find profitable trading opportunities? Look no further! Our algorithmic trading strategy, "Flash," is here to simplify your trading process and maximize your profits. Flash is an advanced trading algorithm that combines three powerful indicators to generate highly selective and accurate trading signals. The Momentum-RSI, Super-Trend Analysis and EMA-Strategy indicators are used to identify the strength and direction of the underlying trend. The Momentum-RSI signals the strength of the trend and only generates trading signals in confirmed upward or downward trends. The Super-Trend Analysis confirms the trend direction and generates signals when the price breaks through the super-trend line. The EMA-Strategy is used as a qualifier for the generation of trading signals, where buy signals are generated when the EMA crosses relevant trend lines. Flash is highly selective, as it only generates trading signals when all three indicators align. This ensures that only the highest probability trades are taken, resulting in maximum profits. Our trading strategy also comes with two profit management options. Option 1 uses the so-called supertrend-indicator which uses the dynamic ATR as a key input, while option 2 applies pre-defined, fixed SL and TP levels. The settings for each indicator can be customized, allowing you to adjust the length, limit value, factor, and source value to suit your preferences. You can also set the time period in which you want to run the backtest and how many dollar trades you want to open in each position for fully automated trading. Choose your preferred trade direction and stop-loss/take-profit settings, and let Flash do the rest. Say goodbye to manual chart analysis and hello to consistent profits with Flash. Try it now! General Comments This Flash Strategy has been developed in cooperation between Baby_whale_to_moon and JS-TechTrading. Cudos to Baby_whale_to_moon for doing a great job in transforming sophisticated trading ideas into pine scripts. Detailed Description The “Flash” script considers the following indicators for the generation of trading signals: 1. Momentum-RSI 2. ‘Super-Trend’-Analysis 3. EMA-Strategy 1. Momentum-RSI • This indicator signals the strength of the underlying upward- or downward-trend. • The signal range of this indicator is from 0 to 100. Values > 60 indicate a confirmed upward- or downward-trend. • The strategy will only generate trading signals in case the stock (or any other financial security) is in a confirmed upward- (long entry signals) or downward-trend (short entry signals). • This indicator provides information with regards to the strength of the underlying trend and it does not give any insight with regard to the direction of the trend. Therefore, this strategy also considers other indicators which provide technical confirmation with regards to the direction of the underlying trend. Graph 1 shows this concept: • The Momentum-RSI indicator gives lower readings during consolidation phases and no trading signals are generated during these periods. Example (graph 2): 2. Super-Trend Analysis • The red line in the graph below represents the so-called super-trend-line. Trading signals are only generated in case the price action breaks through this super-trend-line indicating a new confirmed upward-trend (or downward-trend, respectively). • If that happens, the super trend-line changes its color from red to green, giving confirmation that the trend changed from bearish to bullish and long-entries can be considered. • The vice-versa approach can be considered for short entries. Graph 3 explains this concept: 3. Exponential Moving Average / EMA-Strategy The functionality of this EMA-element of the strategy has been programmed as follows: • The exponential moving average and two other trend lines are being used as qualifiers for the generation of trading-signals. • Buy-signals for long-entries are only considered in case the EMA (yellow line in the graph below) crosses the red line. • Sell-signals for short-entries are only considered in case the EMA (yellow line in the graph below) crosses the green line. An example is shown in graph 4 below: We use this indicator to determine the new trend direction that may occur by using the data of the price's past movement. 4. Bringing it all together This section describes in detail, how this strategy combines the Momentum-RSI, the super-trend analysis and the EMA-strategy. The strategy only generates trading-signals in case all of the following conditions and qualifiers are being met: 1. Momentum-RSI is higher than the set value of this strategy. The standard and recommended value is 60 (graph 5): 2. The super-trend analysis needs to indicate a confirmed upward-trend (for long-entry signals) or a confirmed downward-trend (for short-entry signals), respectively. 3. The EMA-strategy needs to indicate that the stock or financial security is in a confirmed upward-trend (long-entries) or downward-trend (short-entries), respectively. The strategy will only generate trading signals if all three qualifiers are being met. This makes this strategy highly selective and is the key secret for its success. Example for Long-Entry (graph 6): When these conditions are met, our Long position is opened. Example for Short-Entry (graph 7): Trade Management Options (graph 8) Option 1 In this dynamic version, the so-called supertrend-indicator is being used for the trade exit management. This supertrend-indicator is a sophisticated and optimized methodology which uses the dynamic ATR as one of its key input parameters. The following settings of the supertrend-indicator can be changed and optimized (graph 9): The dynamic SL/TP-lines of the supertrend-indicator are shown in the charts. The ATR-length and the supertrend-factor result in a multiplier value which can be used to fine-tune and optimize this strategy based on the financial security, timeframe and overall market environment. Option 2 (graph 10): Option 2 applies pre-defined, fixed SL and TP levels which will appear as straight horizontal lines in the chart. Settings options (graph 11): The following settings can be changed for the three elements of this strategy: 1. (Length Mom-Rsi): Length of our Mom-RSI indicator. 2. Mom-RSI Limit Val: the higher this number, the more momentum of the underlying trend is required before the strategy will start creating trading signals. 3. The length and factor values of the super trend indicator can be adjusted:ATR Length SuperTrend and Factor Super Trend 4. You can set the source value used by the ema trend indicator to determine the ema line: Source Ema Ind 5. You can set the EMA length and the percentage value to follow the price: Length Ema Ind and Percent Ema Ind 6. The backtesting period can be adjusted: Start and End time of BackTest 7. Dollar cost per position: this is relevant for 100% fully automated trading. 8. Trade direction can be adjusted: LONG, SHORT or BOTH 9. As we explained above, we can determine our stop-loss and take-profit levels dynamically or statically. (Version 1 or Version 2 ) Display options on the charts graph 12): 1. Show horizontal lines for the Stop-Loss and Take-profit levels on the charts. 2. Display relevant Trend Lines, including color setting options for the supertrend functionality. In the example below, green lines indicate a confirmed uptrend, red lines indicate a confirmed downtrend. Other comments • This indicator has been optimized to be applied for 1 hour-charts. However, the underlying principles of this strategy are supply and demand in the financial markets and the strategy can be applied to all timeframes. Daytraders can use the 1min- or 5min charts, swing-traders can use the daily charts. • This strategy has been designed to identify the most promising, highest probability entries and trades for each stock or other financial security. • The combination of the qualifiers results in a highly selective strategy which only considers the most promising swing-trading entries. As a result, you will normally only find a low number of trades for each stock or other financial security per year in case you apply this strategy for the daily charts. Shorter timeframes will result in a higher number of trades / year. • Consequently, traders need to apply this strategy for a full watchlist rather than just one financial security.
Strategia Pine Script®
di JS_TechTrading
4
MFI + RSI + MOM With Bull & Bear Trend LabelMOMENTUM + MONEY FLOW INDEX + RELATIVE STRENGTH INDEX WITH BULL & BEAR LABELS This is a combination of 3 popular indicators. Momentum(MOM), Money Flow Index(MFI) and Relative Strength Index(RSI) along with color changing labels that tell you each indicator's current trend. The middle white line shows the level that each indicator needs to stay above to be bullish and below for bearish. Watch for all three indicators to cross and hold above or below the mid line for big moves. It is important to note that these indicators do not need to be going up to be bullish or down to be bearish. They just need to hold above or below the mid line to understand the overall trend. The momentum indicator is the most relevant in my opinion. If it is holding above the mid line steadily, usually the overall trend will continue upwards so look to buy the dips if the momentum cloud is staying above the white line and vice versa. It is also important to note that the default settings for this indicator are the 100 period as I find it to be super relevant across most charts but these numbers can be changed in the indicator settings. Since momentum swings wildly past the normal 0-100 range, it is important to note that the momentum line has been “normalized” to stay within this same range as the rsi and mfi. So if you look at a normal momentum indicator side by side with this indicator it will not look the same however, I find it to be a very good indicator of overall direction so I know the current market sentiment even when price is diverging from the indicator directions. All of the colors, sources and lengths can be easily customized in the indicator settings input tab. ***HOW TO USE*** When Momentum is above the mid line, it is bullish. When Momentum is below the mid line, it is bearish. A label on the right side will update in real time to tell you if momentum is Bullish or Bearish for faster recognition of the trend. When RSI is above the mid line, it is bullish. When Momentum is below the mid line it is bearish. A label on the right side will update in real time to tell you if RSI is Bullish or Bearish for faster recognition of the trend. When MFI is above the mid line, it is bullish. When MFI is below the mid line it is bearish. A label on the right side will update in real time to tell you if MFI is Bullish or Bearish for faster recognition of the trend. This indicator was built to help you quickly identify the Bullish or Bearish nature of the current trend with a live color changing label so you can glance at the label and understand it's direction without analyzing the indicator data. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This mom + mfi + rsi indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicatore Pine Script®
di FriendOfTheTrend
16
Ehlers Smoothed Adaptive Momentum [LazyBear]Bored of Ehlers yet? :) I still have plenty of Ehlers in my collection, was thinking of publishing one of his Fishers or Adaptive RVI next, but @ChartArt requested Smoothed Adaptive Momentum (SAM), so here we go... This is my 200th script (not including the variations and other custom scripts I shared over PM). My complete list of indicators here - bit.ly Now, about the indicator :) This smoothed adaptive momentum is straightforward to use (per Ehlers original rules). If it crosses above zero buy the next open, if it crosses below zero sell the next open. Of course, I strongly suggest filtering the signals. Finally, here's an Ehlers-only chart to help determine where BTC is heading :P More info: - Ehlers CG Oscillator: - Cybernetic Analysis for Stocks and Futures (Ehlers) List of my public indicators: bit.ly List of my app-store indicators: blog.tradingview.com --Updated chart-- Here's the chart with barcolors ON (forgot to turn it on in the published one)
Indicatore Pine Script®
di LazyBear
7
BB Breakout + Momentum Squeeze [Strategy]This Strategy is Based on 3 free indicators - Bollinger Bands Breakout Oscillator: Link - TTM Squeeze Pro: Link - Rolling ATR Bands: Link Bollinger Bands Breakout Oscillator - This tool shows how strong a market trend is by measuring how often prices move outside their normal Bollinger bands range. It helps you see whether prices are strongly moving in one direction or just moving sideways. By looking at how much and how frequently prices push beyond their typical boundaries, you can identify which direction the market is heading over your selected time period. TM Squeeze Pro - This is a custom version of the TTM Squeeze indicator. It's designed to help traders spot consolidation phases in the market (when price is coiling or "squeezing") and to catch breakouts early when volatility returns. The logic is based on the relationship between Bollinger Bands and Keltner Channels, combined with a momentum oscillator to show direction and strength. Rolling ATR Bands - This indicator combines volatility bands (ATR) with momentum and trend signals to show where the market might be breaking out, retesting, or trending. It's highly visual and helpful for traders looking to time entries/exits during trending or volatile moves. Logic Of the Strategy: We are going to use the Bollinger Bands Breakout to determine the direction of the market. Than check the Volatility of the price by looking at the TTM Squeeze indicator. And use the ATR Bands to determine dynamic Stop Losses and based on the calculate the Take Profit targets and quantity for each position dynamically. For the Long Setup: 1. We need to see the that Bull Power (Green line of the Bollinger Bands Breakout Oscilator) is crossing the level of 50. 2. Check the presence of volatility (Green dot based on the TTM Squeeze indicator) For the Short Setup: 1. We need to see the that Bear Power (Red line of the Bollinger Bands Breakout Oscilator) is crossing the level of 50. 2. Check the presence of volatility (Green dot based on the TTM Squeeze indicator) Stop Loss is determined by the Lower ATR Band (for the Long entry) and Upper ATR Band (For the Short entry) Take Profit is 1:1.5 risk reward ration, which means if the Stop loss is 1% the TP target will be 1.5% Move stop Loss to Breakeven: If the price will go in the direction of the trade for at least half of the Risk Reward target then the stop will automatically be adjusted to the entry price. For Example: the Stop Loss is 1%, the price has move at least 0.5% in the direction of your trade and that will move the Stop Loss level to the Entry point. You can Adjust the parameters for each indicator used in that script and also adjust the Risk and Money management block to see how the PnL will change.
Strategia Pine Script®
di Wunderbit
1
Smoother Momentum Stops [Loxx]Smoother Momentum Stops (SMS) is a dynamic tool that combines the logic of momentum and moving averages to create an overlay of the market price and generate potential trade signals. The original idea for this indicator comes from the beloved and esteemed trading indicator guru Mladen Rakic. Understanding the Framework The SMS incorporates various aspects of technical analysis, including momentum calculation, several types of moving averages, and an intelligent stop-and-reverse system that determines when to enter and exit trades. The indicator initiates by defining the color scheme for visualization, specifically green for bullish trends and red for bearish trends. It further utilizes the 'smmom' and 'fema' functions to calculate smoothed momentum and fast exponential moving averages, respectively. The values computed by these functions are central to the signal generation process. Momentum Calculation The 'smmom' function serves to calculate a smoother momentum by taking a source (such as the closing price) and a period as inputs. This function employs a complex algorithm involving exponential moving averages (EMA), wherein two EMAs are calculated with different smoothing factors, and the difference between the two results is returned as the output. This smooth momentum calculation assists in eliminating unnecessary noise from the market and delivers more reliable momentum readings. Moving Averages Computation One key feature of the SMS is the ability to select from five different moving average types: Exponential Moving Average (EMA), Fast Exponential Moving Average (FEMA), Linear Weighted Moving Average (LWMA), Simple Moving Average (SMA), and Smoothed Moving Average (SMMA). The 'variant' function assigns the chosen method to the '_avg' variable, which is then used in the trade signal logic. Trade Signal Generation SMS employs a complex yet robust mechanism for generating trade signals. A stop-and-reverse system is established, which works on the principle of momentum. If the smoothed momentum is positive, an upper stop is determined and if the momentum is negative, a lower stop is defined. The process continues by defining long and short entry conditions. The indicator goes long when an upper stop exists, and the previous bar had a lower stop, signifying a shift in momentum. The short entry condition is the opposite: the indicator goes short when a lower stop exists, and the previous bar had an upper stop. Alerts are generated for each of these conditions, helping traders to take timely action. Visual Representation and UI Options In terms of visual representation, the indicator plots upper and lower stops, employing green color for upper and red for lower stops. If the option to color bars is chosen, the entire bar is colored green or red, based on whether an upper or lower stop exists. This feature allows traders to visually comprehend market conditions better. Support and reisstance levels are also provided for visual context. Conclusion The Smoother Momentum Stops indicator is a potent tool for traders seeking to optimize their trading strategies. It blends the fundamentals of momentum and moving averages, resulting in a robust system that provides clear, reliable, and timely trading signals. By adjusting the smoothing type and period parameters, traders can customize the indicator to fit various market conditions and asset types, thereby adding a layer of flexibility to their trading strategies. The use of a stop-and-reverse system adds a layer of risk management by offering precise entry and exit points based on momentum shifts. These stops are not just mere levels of entries or exits, but they reflect the undercurrent of the market's momentum, thus providing a dynamic framework to make informed trading decisions. Additionally, the SMS indicator offers visual simplicity. The color-coded bars and distinct symbols for long and short positions make it easier for traders to interpret the signals and market direction quickly. Combined with the alert system, it ensures that traders never miss an important trading opportunity. Finally, the power of the SMS indicator lies in its adaptability and comprehensive approach. By providing a selection of moving averages and an intelligent momentum-based system, it encapsulates various aspects of market behavior. As such, it is a useful tool not just for momentum traders, but for any trader who understands the significance of moving averages and momentum in predicting market movements. In conclusion, the Smoother Momentum Stops indicator stands as an innovative, adaptable, and powerful tool for the modern trader. Its blend of flexibility, dynamic risk management, and straightforward visualization offer a comprehensive solution for traders looking to navigate the complex world of financial markets. With a detailed understanding of its workings as presented in this essay, traders can harness its full potential to optimize their strategies, manage risk, and achieve their trading objectives.
Indicatore Pine Script®
di loxx
3
(Very promising) [Abdullah Ahmed] Momentum indicator V.1Description: MOM-LRC is a powerful technical analysis indicator designed to provide traders with signals based on the momentum of an asset's price and its deviation from its mean value. The indicator calculates the exponential RSI and uses a custom function to determine the percentage change from the mean. The upper and lower bands of the momentum channel are then calculated using linear regression of the rate of change from the mean. The channel multiplier can be adjusted to increase or decrease the sensitivity of the indicator. How to use : 1 - Using MOM-LRC , look for buy signals when the price of the asset is below the lower border of the channel and retracing up. The opposite is true in the case of sell signals. 2 - It is also used in the case of negative and positive divergences, just as you use RSI The indicator can be used on any time frame and any asset, making it a versatile tool for traders of all levels. features: Calculates exponential RSI and percentage change from the mean Uses linear regression to calculate upper and lower bands of momentum channel Adjustable channel multiplier for increased sensitivity Suitable for any time frame and any asset Happy trading!
Indicatore Pine Script®
di AbdullahAhmedEgypt
4
8 Day Run - Momentum StrategyInspired by Linda Bradford Raschke. Entry criteria: This strategy is used to capture momentum effects on the daily periodicities. Once prices have had a run of 8 or more consecutive closes above or below the 5-period simple moving average the strategy is primed to trade. It will then enter a short on the first close above the 5sma after a run of 8 or more closes below the 5sma (it will enter a long when the price closes below the 5sma after a run of 8 or more closes above the 5sma). Exit criteria: All trades are exited on the first close back above/ below the 5sma.
Strategia Pine Script®
di Marcn5_
[EDU] RSI Momentum BandsRSI Momentum Bands serve a purpose to find best RSI momentum for entering a trade. Indicator is built simply: 1st RSI MA is smoothed RSI by little period, 2nd RSI MA is smoothed RSI by a bigger period. Then we calculate standard deviation from the 2nd MA and make upper and lower band. The rules for trades are simple: When RSI is above higher band - Buy ; When RSI is below lower band - Sell . The indicator is for educational purposes only to present trades a momentum bands concepts, widely used across professionals. Hope you will find it helpful. Take your profits! - Tarasenko Fyodor
Indicatore Pine Script®
di tarasenko_
2
OBV with Volume/Momentum DivergenceCredits go to vyperphi696 and LazyBear for the original OBV with Divergence script. This indicator has the new option to check for momentum divergence, which I have done by adding RSI and MACD data. Hence the indicator allows combined testing of volume and momentum divergence. This feature aims to improve trend reversal detection by reducing false positives. In summary, 3 divergence categories are shown by default as lines: Volume + RSI + MACD  (dark green/red) Volume + RSI / Volume + MACD  (light green/red) Volume  (gray) Line colors can be adjusted via plot settings. Therefore it is also possible to distinguish Volume + RSI and Volume + MACD divergence if necessary. Lastly, I edited the indicator scaling mechanism when changing from one timeframe to another; the transitions are smoother now. This only applies when auto-scaling is off.
Indicatore Pine Script®
di PeakFox
2
Edge of MomentumThe script was designed for the purpose of catching the rocket portion of a move (the edge of momentum). Long --When RSI closes over 60, take long order 1 tick above that bar. The closed bar above RSI 60 will be colored "green" or whatever color the user chooses. (RSI > 60) --On a long position, exit will be a closed bar below the ema (low, 10) . The closed bar below the ema will be colored "yellow." (Price < ema) --Note: On a long position there is no need to exit when a closed bar is colored "purple." RSI is just below 60 but above 40. Pullback or chop Short --When RSI closes below 40, take a short order 1 tick below that bar. The closed bar below RSI 40 will be colored "red." RSI<40) --On a short position, exit will be a closed bar above the ema (low, 10). The closed bar above the ema will be colored "purple." (Price > ema) --Note: On a short position there is no need to exit when a closed bar is colored "yellow." Note: You may see a series of purple and yellow bars, that is simply chop. I define chop as RSI moving between 60 and 40. Trade should only be taken above green colored candle(long) and below red colored candle (short). No position should be taken off yellow or purple candle (chop) Again this is designed to catch the momentum part of a move, and to help reduce some entries during chop. It is a simple systems that beginning traders can use and profit from. Note: I don't no shit about coding scripts I just learn from reading others. Enjoy. If you decide to use please drop me a line...suggestions/comments, etc. Best of luck in all you do.
Indicatore Pine Script®
di NYBKLYN
9
DecisionPoint Price Momentum Oscillator [LazyBear]The DecisionPoint Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool. PMO can be used in many ways: - PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the usual range for broad stock market indexes, each price index will have its own “signature” range. You may have to tune this for your instrument. - PMO triggers buy/sell on signal crossovers and ZERO crossovers. - Common patterns like BullKiss, BearKiss are useful to track. See the link below for more info. - Divergences. - Histo-only mode that can be used similar to MACD-Histo. I have exposed all params as configurable. Have fun tuning :) Don't forget to share what you found for your instrument. More Info: stockcharts.com List of my public indicators: bit.ly List of my app-store indicators: blog.tradingview.com Some Sample Charts: TWTR: MSFT: GOOGL:
Indicatore Pine Script®
di LazyBear
47
M0PB (Momentum Pullback)Long/short strategy that identifies extreme readings on the rsi as a *momentum signal*, unlike most RSI strategies the script will look to buy or sell the first pullback in the direction of the extreme RSI reading. Enters positions on the first pullback to the 5ema(low)/ 5ema(high) and exits at rolling 12 bar high/ low. The rolling high/ low feature means that if the price enters into a prolonged consolidation the profit target will begin to reduce with each new bar. The best trades tend to work within 2-6 bars. Built for use on 5 min intervals on FX, Indexes, and Crypto. Lower than 5 minute time frames tend to be noisier and mean more commissions and a higher risk of slippage so the suggested timeframe is 5 mins.  Hard stop is X ATR (users can experiment with this) from the position entry price. This can be adjusted in user inputs. There is a lot of slack left in entries and exits but the overall strategy is fairly robust across timeframes and markets and has between 60%-70% win rate with larger winners. Signals that occur from economic news volatility are best avoided.
Strategia Pine Script®
di Marcn5_
1
Whale Momentum Wave Oscillator//Credits: @Noldo - Whale Trading System @rumpypumpydumpy - ALMA Ribbons @QuantNomad - Elastic Volume Weighted Moving Average Composite Indicator, created by taking QuantNomad's EVWMA and using that as input for a variation of rumpypumpydumpy's ALMA Ribbons. Each Ribbon had its sub ribbons summed up and then averaged. The averages were then fed through the ta.rsi and the ta.mom functions giving us our momentum waves. Signal line created from the close value being fed through the ta. ema into the ta.rsi then ta.wma then ta.mom function. Why those in that order? No reason in particular just what I stumbled upon after many variations. I then overlayed Noldo's Whale Trading System to view what "whales" were doing, giving us a good view of when capital is flowing into and out the asset which often contradicts the momentum waves prior to trend changes. Provides a nice visual for how capital is moving along with momentum. Can see when smart money is buying up a big dip or of they seem to still be waiting on the sidelines.
Indicatore Pine Script®
di EsIstTurnt
11
Ehlers Smoothed Adaptive Momentum [CC]The Smoothed Adaptive Momentum indicator was created by John Ehlers and this indicator gives a lot of useful information. When the indicator is above 0 then there is very strong upward momentum and when the indicator falls below 0 then there is very strong downward momentum. A very profitable way to use this particular indicator is buy long when the indicator is below 0 and it crosses over it's signal line and then sell of course when you get the first sell signal. I have included strong buy and sell signals in addition to normal ones so darker colors mean strong signals and lighter colors are normal signals. Buy when the line turns green and sell when it turns red. Let me know if you have any other scripts you would like to see me publish!
Indicatore Pine Script®
di cheatcountry
8