This is very simple trend following or momentum strategy. If the price change over the past number of bars is positive, we buy. If the price change over the past number of bars is negative, we sell. This is surprisingly robust, simple, and effective especially on trendy markets such as cryptos.
Works for many markets such as:
You can filter the trend with this indicator. Green Lines indicate a short-term up trend and Red lines indicate a short-term downtrend. and black lines indicate short-term consultation.
I'm not regarding anything with this indicator. All risk is yours
Buying the dip has never been easier! LNL Pullback Arrows are here to pinpoint the best possible entries for the trend following setups. With the Pullback Arrows, trader can pick his own approach and risk level thanks to four different types of arrows. The goal of these arrows is to force the traders to scale in & out of trades which is in my opinion crucial when...
Hello People of the Trading World...
Todays script is a basic concept of using Moving Averages and Candle Closes - this works best on Higher Timeframes and only in Bullish Conditions
"When the market is trending to the upside - we tend to see price overextend from the moving average and price revert back to the mean (Mean Reversion)"
You may ask why would...
Booz Super Swing is an Indicator created for the purpose of identifying trends in Multiple Markets, it is based on Moving Average Crossover and extra features.
Trend Filter: allows you to take multiple entries in the same direction of the market.
If the market crosses below the 200 moving average it will take only short entries.
If the market crosses above...
Simple Trend State Indicator inspired by @TaPlot's Price Time Frame Continuity indicator. Indicator works well on any Chart Timeframe although some aliasing of the State Response should be expected when comparing a State Response calculated on one Chart Timeframe to a Higher Chart Timeframe ie. comparing the State Result for 30 min from both a 1D Chart and 130 min...
The Average True Range Moving Average (ATRMA) is a technical indicator that gauges the amount of volatility currently present in the market, relative to the historical average volatility that was present before. It adds a moving average to the Average True Range (ATR) indicator.
This indicator is extremely similar to the VOXI indicator, but instead of...
After the addition of "Arrays" to the Pine, I developed new and improved version of Support Resistance - Dynamic script as version 2. In this script Arrays were used. This can be used as Support Resistance tool, also it will be an example for the people who want to learn Array usage in Pine. Many thanks to Pine Team for adding Arrays!
For Long time I was planning to make Support/Resistance Channels script, finally I had time and here it is.
How this script works?
- it finds and keeps Pivot Points
- when it found a new Pivot Point it clears older S/R channels then;
- for each pivot point it searches all pivot points in its own channel with dynamic width
- while creating the...
I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one.
"Period" is used to find Pivot Points
"Max Breakout Length" is the maximum length to search breakouts
"Threshold Rate %" is channel width of the breakout area. calculated using highest/lowest of...
Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time!
How it works?
- On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators.
- it search divergence...
There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more.
The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower...
Hello Everyone. After working on new and better trend lines script for couple of weeks, finally I am proud to publish Trend Lines v2.
How it works?
- On each bar it finds last 10 higher and lower Pivot Points (PP).
- from first bar to 10. PP it search if a trend line is possible
- for each it starts searching from the last PP.
- it check if drawing a trend...
This script gets OHLC values from any security and Higher/Same time frame you set, then creates the chart including last 10 candles. it shows Symbol name, Time Frame, Highest/Lowest level of last 10 candles and Close Price at the right side of the chart as well. Closing price text color changes by the real-time candle of the related symbol and time...
In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can...
This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points.
Generally HH and HL shows up-trend, LL and LH shows down-trend.
If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script...
I think you all know Donchian Channels. so I am not going to write about it.
With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for each 9 lower...
After publishing Trend Lines for RSI yesterday, I realized that Trend Lines for more indicators needed by the traders. so I decided to make it for four different indicators: RSI, CCI, OBV, Momentum
In the indicator options you can choose the indicator from pull-down menu.
How it works?
- On each bar it finds last 10 higher and lower Pivot...