" The trend is your friend. " This is one of the most famous and valuable teachings that experienced traders can give to newbies. There is a reason for that.
No matter your views about where the price moves, what matters is where the price heads to . The market is always right, and ultimately it decides who gets the profit and who has to take a loss.
This indicator identifies trends in multiple higher timeframes (D, W, M) and shows them in a widget off to the right of the chart.
It's meant to be used as an alternative filter for "trading with the trend." Typically people use moving averages of varying lengths for this (i.e. if over 200 MA it's an uptrend, etc.), but I wanted to see if it might be more...
The intent of this strategy is to buy breakouts with a tight stop on smaller timeframes in the direction of the longer term trend. Default longer term trend is the daily, but the user can choose any timeframe to use for the SMAs (which act as filters and trailing stops).
Exit the trade using a trailing stop of a close below either the 10 MA or 20 MA (user...
BAM's Weighted ROC is a Momentum indicator. ROC stands for 'Rate of Change' therefor this indicator plots the reading of a weighted average Rate of Change. In its current form it uses 4 periods en 4 weightings. The periods are set to 21/63/126/252 which corresponds to the number of trading days in each 1/3/6/12 months. The weightings are set to...
The Relative Strength Index ( RSI ) is a measurement used by traders to assess the price momentum. It is scaled from 0 to 100. when RSI reads below 30, it is usually interpreted as oversold and when RSI is above 70 it is usually interpreted as overbought. However, it is usually not profitable to trade based on overbought and oversold signal.
RSI Trend Indicator...
Using combination bollinger band and RSI indicator as guide to predict price volatility and the best entry point. The strategy logic is pretty straightforward where we're interested with close price that touches the lower bollinger band ; there are only two scenarios that will happened after the price reaches the lower band; the price might rebound from the lower...
This is a diversified Binary Option or Scalping Alert indicator originally designed for lower Time Frame Trend or Swing trading. Although you will find it a useful tool for higher time frames as well.
The Alerts are generated by the changing direction of the ColouredMA (HullMA by default), you then have the choice of selecting the Directional filtering on these...
Trend Surfers - Premium Breakout Strategy with Alerts
I am happy today to release the first free Trend Surfers complete Breakout Strategy!
The strategy includes:
Entry for Long and Short
Risk Management Feature
How the strategy works
This is a Trend Following strategy. The strategy will have drawdowns, but they...
Another original idea is here with you. Actualy I can say that it's a breakout strategy that uses multiple Pivot Point's averages.
How it works?
- it finds the Pivot Points, you can set the length as you want
- it gets averages of Pivot Highs and Pivot Lows, you can set the number of Pivot Points to be included
- it compares the current closing...
This strategy goes long when highs are broken and uses a trailing stop that follows swing lows. User can configure a back test date range and choose whether or not to only take trades above a selected moving average.
The desire for me to make this script was to try to capture those extreme breakouts that can occur after a consolidation/equilibrium pattern. This...
RSI is a momentum indicator, however most people seem to be using it to go against the momentum by trying to identify tops/bottoms using it. Its in my opinion the wrong way to be using it. It can be easily used for trend following which seems like a better use for it.
Uptrend - RSI > 60
Downtrend - RSI < 40
Sideways - RSI between 40 and 60
If however not...
I was reading some Impulse Trading literature by A. Elder.. In it, someone named Kerry Lovvorn proposed "An End of Day Trend Following System" for someone lazy.
Originally it is just price closing above an 8 ema (low) for long. Exit when price closes below an 8 ema (low). The opposite for a short position.
Conditions: Buy when price closed below...
Interesting performance for Super Trend strategy for XBTUSD 1m chart.
Params: ST Mult: 2, ST Period 14.
Performance: 144% profit, 1988 trades, only 41% prof, 2.04% dd , 2.51 Sharpe.
On its own, it might be not a very good strategy, but the big amount of trades allows you to add more filters and improve it.
Past performance does not guarantee...
This is a great tool to find confluences between Fibonacci Pivot point on various time frames.
Fib Pivots used
If price is between two levels on the update the lines shift
Yearly Pivots shown on 1m - Daily timeframes
PIvots recalculate on every day
Monthly pivots show on 1m - 60m timeframes
This indicator is designed to give early entry signals as well as to follow trend moves, according to different settings.
The indicator shows a histogram of the RSI ro MFI in relation to an ema of the RSI or MFI.
The histogram is then smoothed to give early reversal/entry signals.
The actual RSI/MFI line with oversold/overbought indication can be...