It is a long only strategy.
1. Buy when price breaks out of the upper band.
2. Exit has two options. Option 1 allows you to exit using lower band. Option 2 allows you to exit using moving average.
3. Option 1 preferred over option 2 if the instrument is highly volatile.
4. Slippage and commissions are not considered in the return calculation.
This Pine script is the result after I have read the book of Jason Perl "DeMark Indicators".
There are multiple indicators within this script because the book suggest to use them all together.
The following indicators are present within this script:
Bearisflip, Bullisflip, SellSetup, BuySetup, SellCountdown, BuyCountdown.
Trend lines for support and...
RECOMMENDATION: I PREFFER USE THIS ON 4H OR 1D TIMEFRAME
In the following article, I have completed the creation of this semi-automatic script dedicated to institutional capital management in the different markets, its development was carried out under operations that exceed a balance greater than 1 million usd, which will allow you to summarize your technical...
This indicator will plot dot lines that represent the support and resistance points or a key price where favourable action may take place.
This indicator is based on the concept of Fibonacci ratios. The dotted line represents different Fibonacci ratios of the script. The calculation for the ratios is arrived by considering a range based on the volatility of the...
PriceCatch Trading System consists of two scripts. PriceCatch-Main and PriceCatch-Sub.
This is a long trades (buy trades) only system. No short signals are included in this system.
PriceCatch-Sub is a helper script that works in conjunction with the main script and is plotted on a separate pane.
This script plots...
When the market is giving the signals for bullish trend, which shows the shorter period exponential(20) moving average crossing the longer period moving average(50), with a strength shown in the market i.e. RSI greater than 40.
So when all these conditions are met a buy signal is generated in output (Output of Ema cross and Rsi) having value as 1.
So a trader can...
Hi guys, todays indicator comes from the original Odin but has seen some hefty modifications to make it far more accurate based on some recent indicators and learnings. The name comes from Vidar that avenged Odin (fitting as its predecessor).
Vidar has two gears (pawn/king) to help you understand the probability and size of the trade. Kings crowns are weighted to...
About TD Sequential
The Sequential Indicator was first designed by Tom DeMark in the 1970's, by hand, through a process of trial and error. It has since been improved and it is now a trusted indicator by Wall Street’s traders.
TD Sequential can be helpful for market-timing purpose in conjunction to your favorite trading tools. It attempts to isolate prospective...
A simple indicator that contains all the main Moving Averages you'll probably need.
This indicator can be used on any time frame you wish.
The default periods for the moving averages are 5, 10, 20, 50, 100 & 200.
However you can set these values to whatever works for you, for example 5, 8, 10, 21, etc.
Please let me know in the comments below which values you...