"Inside bars are a two -bar pattern. They can indicate either a continuation of the existing move or a reversal. A continuation occurs when there is no significant support or resistance level in sight, while a reversal occurs close to a strong sup- port or resistance level... ...A lot of traders are aware of inside bars but few manage to make money with them....
I discovered this mechanical trading system titled "This Algo Strategy Has Only 3 rules and 62% Win Rate". I coded the trading system on Tradingview...and now I am introducing it to you guys. I modified the system so that it has both buy & sell signals. I've tested it repeatedly in different markets on TV including stocks, currency pairs, bitcoin, and...
I made this based on a really interesting conversation I had with a good friend of mine who ran a long/short hedge fund for seven years and worked at a major hedge fund as a manager for 20 years before that. This is an unconventional approach and I would not recommend it for bots, but it has worked unbelievably well for me over the last few weeks in a mixed...
Introducing the Price Moving Average Ratio & Percentile indicator A simple indicator which calculates : The ratio between a chosen source price and a user defined moving average ( PMAR ) or The percentile of the ratio between the chosen source price and a user defined moving average over an adjustable lookback period ( PMARP ) It then displays either the...
MA Cloud - a highly configurable cloud for Moving Averages Creates a cloud from max. 5 Moving Averages. Users can freely decide, for each average wether it should be SMA,EMA or WMA and also for the time period. They shades and colors can be freely chose for each combination of MA's, giving you a maximum freedom to configure your cloud.
This code was written using: •Pine Script Coding Conventions. This script provides a very useful tool for new community users and professionals. It puts at your disposal a Moving Average Ribbon by hand to graph and easily find the ones with the highest performance. The creation of this script was motivated because in free TradingView accounts there is a limit...
This was inspired by William's ProGo, which is an oscillator with a fast line based on today's open minus close compared to a slow line derived from yesterday's open minus close. These are tied to the 14 day SMA in both cases. William's hypothesis is that smart money makes its decisions based on what's happening now and dumb money makes their decisions slower. My...
This script consist of a single example function that takes a floating-point number - one that can, but doesn't have to, include a decimal point - and converts it to a floating-point number with only a certain number of significant digits left. I'm not aware of another script that does this. There might well be a simpler way, in which case please do let me...
Yet another trailing stop loss script, using optional percentage or atr values to follow the last price. Green area: bullish , long Red area: bearish, short IZCI means trailing in Turkish. If you find it usefull, please like it. Good Luck :)
SMA Strategy for going long or short when a short sma crosses a long sma. This script was published by CaptJava. I added to it the ability to select a back testing date range and choose to go long, short or swap orders. You can enter automated trading buy and sell messages in the properties and then put {{strategy.order.alert_message}} in your webhook alert...
This indicator gives an objective measurement of the trajectory of an EMA so that the output is the same regardless of scaling or zoom. It does this by dividing the current bar's EMA output by the previous bar's EMA output. A higher number indicates that the EMA is sloping upward, low indicates a downward slope and 1 = a flat EMA.
This indicator is the idea of giorno_4_16 . It shows some indicator lines in your main chart as following: SMA300, EMA200 BB 20 1,2,3sigma and middle BB 300 1,2,3sigma and middle You should put CCI (12, 14) into your separated chart to use the idea. It shows arrows for registance trading when: CCI(12) crossovers -200 or corssunders 200 in recent...
ProGo, created by Larry William, (earlier than 2002), is a 2 line graph using daily data. 1. Professional Line (color orange) is a professional Accumulation/Distribution line is constructed by using the change from today's open to today's close. 2. The Public Line (color blue) is done by creating a public accumulation/distribution line that shows the change from...
A simple indicator, to plot the quantitatively the reversion and expansion of price from a set of means. A green bar plots prices above the set of means. A bar plots prices below the set of means. A blue bar plots price entangled in the means. The height of the bars denotes the far-ness from the set of means. A blue envelope over the bars is the average of...
(ENG) The Hull Moving Average (HMA) line responds quickly to volatile markets, sometimes it provides more accurate information than the Exponancital Moving Average (EMA). In particular, the 200 HMA line is easy to decide the overall trend of the market, and it serves the basis entry position. So I made indicator that provides these HMA lines into various periods...
This strategy is only applicable for daily timeframe only. EMAs have been smoothened out to make sure to include volatility glitches that may occur. I have used following conditions: >EMA crossover of two frames already occurred > Significant volume in the candle > Candles are properly bullish or bearish not doji > price is near EMA crossover > trading...
This indicator plots the trend of the angles made by the chosen means. This trend when analysed over multiple timeframes as well as different lengths can give an indication of the trend in short medium and long term. For example, in any particular timeframe, when the 20 EMA turns a negative arctan, it signifies that on a shorter timeframe (than the current...
This script allows you to backtest Trading View's "Technical Ratings" (Buy, Strong buy, Sell, Strong Sell) using Gavin's backtest script. To use it add the backtest script to the chart together with this script and then from the back test settings connect the external indicator. You should select "TV Signal" as the source. Backtesting works best on the 5m chart,...