Ehlers Correlation Cycle IndicatorThe Correlation Cycle Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically part of three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for trend direction and trend strength and simply buy when it is green and sell when it turns red. Also keep in mind that the higher the indicator is above the signal then the stronger the trend and when they are close together, conditions get choppy.
Let me know if you would like to see me publish other scripts or if you want something custom done!
Trenddirection
BEST Trend Direction Helper (Strategy Edition)Hello traders
A follower asked me to convert my Trend Direction Helper into a strategy
So blessed this indicator reached the 1400+ likes milestone - I can't believe how many people are trading with it
I based the setup as follow:
- Entries on those green/red labels
- exit whenever a Simple Moving Averages cross in the opposite direction happen
- possibility to filter only Longs/Shorts or both
Also...
The strategy includes the Zig Zag/Pivots high/low and other options from the indicator version. I only added a quick strategy component with a hard exit concept based on SMA cross
All the best fam and... HAPPY NEW YEAR !!!!!!!!!!!
Dave
Iconik Trading Suite: 4 Time Frame ConfirmationThis indicator displays Iconik MACD bullish crosses (crossing above the 0-line) and bearish crosses (crossing below the 0-line) for 4 higher time frames. This provides a nice confirmation of time frames for a prevailing trend.
DM for a PowerPoint describing this indicator and the rest of Iconik in detail.
Iconik Trading Suite Indicator List:
ITS-OSC: Oscillators (v2)
ITS-PAA: Price Action Alerts (v2)
ITS-ASR: Auto Support/Resistance
-> Daily (v2)
-> 3 Day (v2)
-> Weekly (v2)
ITS-4TFC: 4 Time Frame Confirmation (v1)
ITS-DIV: Divergence Seeker (v1)
Trend Direction Helper (ZigZag and S/R and HH/LL labels)Hey everyone
First of all, I'd like to thank Ricardo Santos, Backtest Rookies for the inspiration for this script.
Actually, most of it is coming from them and I only mixed them up (and added my secret sauce ^^). If some of you are not thinking about a trading secret sauce, please get serious for a moment :)
Some of you asked me how I do to set the trend direction. You all understood that if you get an UP label, then the price should go up and vice-versa for down.
But it's not so easy to define the good signals for each asset and each timeframe. I'm going to repeat what I said yesterday because ... well... that's what trading is about
So quoting myself here "The inputs set by default will have to be changed for your asset/timeframe and can't be generic for everything. You have to play with the inputs until the signals will make sense to you
The indicator/strategy with a unique configuration that you'll never check or update according to the market condition DOES NOT exit. "
BUT... a bit of patience and practice and you might do wonders.
The Method
I never realized until now but by connecting the higher highs/lower lows, I was drawing zigzag lines.
The Zig Zag Master is Ricardo Santos . Please give him a follow, he's awesome
For those who don't want to draw on the chart or (my preferred choice) need some inspiration to define your trend directions, this script is for YOU (and your family, your pet, your girlfriend/boyfriend, ...)
I think that each asset/timeframe chart has its own history. What worked in a post could work in the future.
In that regard, if a trend direction worked in the past, that's the parameter that I'll use to trade with it in a demo account and make sure it's relevant. If not then I will adjust
If you're trading with new indicators or a new method right away on your real trading account, you're gonna have a bad time imgflip.com
Lines EVERYWHERE
The script draws the classical horizontal pivots + the zig zag lines + the Higher Highs/Lower Lows label in just 1 script. I'm very excited to share a script (on which I coded 100 lines out of 500) but no one else did it
The horizontal pivots part are coming from Backtest Rookies
For more security, you can add a pullback on a moving average after getting a signal. Pullbacks are necessary to limit any eventual loss or maximize your gains by getting in the trend sooner.
I really give you a solid method and a great script in my opinion. 6 years of experience given away for FREE :p (when Dave will start thinking as a business man instead :O)
Does it repaint ?
Getting this question twice a day. You guys are obsessed with the repainting :)
Short answer, yes because it will calculate the pivots and zig zags whenever new higher highs/lower lows will be formed.
However, the trend direction code is based on the candle close so it shouldn't repaint. If it does, please let me know
See you all on Monday
Love you all
Dave
____________________________________________________________
Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too)
- If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board
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Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Disclaimer:
Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you.
Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur.
Trading also involves risks of gambling addiction.
Please notice I do not provide financial advice - my indicators, strategies, educational ideas are intended to provide only some source code for anyone interested in improving their trading
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3D Trend Identification [MaliciousUpload]The trend is your friend. :)
Comparison of the previous 3 day's data.
This is used for directional confirmation of trend.
Not a "BUY/SELL NOW 100x NO SL" type of indicator.
Dark Blue = Long opportunity
Orange = Short opportunity
Hit me up on Discord, always looking for experienced traders to chat with
MaliciousUpload#1637
The source code of this study is protected. Everyone can add it to favorites and use it, but only you can see the source code of this script.
ALMA Trend DirectionHere is a very simple tool that uses the Arnaud Legoux Moving Average(ALMA). The ALMA is based on a normal distribution and is a reliable moving average due to its ability to reduce lag while still keeping a high degree of smoothness.
Input Options:
-Offset : Value in range {0,1} that adjusts the curve of the Gaussian Distribution. A higher value will result in higher responsiveness but lower smoothness. A lower value will mean higher smoothness but less responsiveness.
-Length : The lookback window for the ALMA calculation.
-Sigma : Defines the sharpe of the curve coefficients.
I find that this indicator is best used with a longer length and a 4 Hour timeframe. Overall, its purpose is to help identify the direction of a trend and determine whether a security is in an uptrend or a downtrend. For this purpose, it is best to use a lower offset value since we are looking to identify long-term, significant price movement rather than small fluctuations.
The Chart:
The ALMA is plotted as the aqua and pink alternating line. It is aqua when bullish and pink when bearish.
The low price for each candle is then compared to the ALMA. If the low is greater than the ALMA, then there is a bullish trend and the area between the candles and ALMA is filled green. The area between the ALMA and candles is filled red when the low price is less than the ALMA.
The difference between the slow ALMA and candles can reveal a lot about the current market state. If there is a significant green gap between the two, then we know that there is a significant uptrend taking place. On the other hand, a large red gap would indicate a significant downtrend. Similarly, if the gap between the two is narrowing and the ALMA line switches from aqua to pink, then we know that a reversal could be coming shortly.
~Happy Trading~
Reverse Engineered RSI - Key Levels + MTFThis indicator overlays 5 Reverse Engineered RSI (RERSI) levels on your main chart window.
The RERSI was first developed by Giorgos Siligardos in the June 2003 issue of Stocks and Commodities Magazine. HPotter provided the initial implementation - from which this script is derived - so all credit to them (see: ).
In simple terms, RERSI plots lines on the price chart that reflect levels of the RSI . E.g. if you set up a RERSI line at a level of 50, then price will touch that line when the standard RSI indicator reads 50. Hopefully that makes sense, but compare the two if it doesn't.
Why is the RERSI useful if it's just plotting RSI values? Well, it simplifies things, and enables you to get a clearer picture of trend direction, RSI support and resistance levels, RSI trading signals, and it keeps your chart window uncluttered.
I've set up 5 RERSI lines to be plotted: Overbought and Oversold Levels, a Middle Level (generally leave this at 50), and then Down/Up Trend Lines. The latter two are loosely based on the work of Constance Brown (and they in turn were influenced by Andrew Brown), who posited that RSI doesn't breach certain levels during trends (e.g. 40-50 is often a support level during an uptrend).
Play around with the levels, and the RSI Length, to see how your particular market reacts, and where key levels may lie. Remember, this isn't meant as a stand-alone system (although I think there's potential to use it as such, especially with price action trading - which I guess wouldn't make it stand-alone then!!), and works best with confirmation from other sources.
Oh, and there's MTF capability, because I think that's useful for all indicators.
Any queries, please let me know.
Cheers,
RJR
TDF UNITrend Direction and Force Index. I'm really fascinated by this indicator and decided to modify the original version by adding different averaging methods. New variable averaging period for extremums analysis is also added
Trend Direction and Force IndexTrend direction and force index for binary options. Minor corrections to code. All invite-only scripts have been disabled
