Sideways detection indicator using Bollinger bands . In this case we take the original ratio between lower and upper and we smooth it even harder in order to get a better idea about the accuracy of the trend. If the initial ratio is not between 0 and 1 and the smooth ratio is higher than our selected value, we get an idea if we are a in trending market or...
This is a trend system which combines multiple fast EMA + mulitple slower SMA together with bollinger band channel and PSAR. For entry rules the ones that I use are: Long We are inside BB channel, psar is ascending, and our close is above all moving averages or below all EMA'S + 1 SMA WE can exit either when our close is below all EMA's or when PSAR is...
THis is a very simple yet extremely efficient FOREX strategy . In general it tends to work the best against NZD and AUD pairs, however other major pairs and crosses can work as well. It's made of a time management, together with MACD , moving average , a price action rule and a risk management. THe logic behind is the next one : For LONG: We have 3 ascending...
THis is a FOREX scalping system that can be optimized with almost all majors and crosses pairs. Its made of multiple elements such as : MACD Stochastic RSI Fast VW moving average Slow VW moving average Time management( forex sessions as inputs) Rules for entry Long Last 2 MACD values were ascending, fast moving average is below moving average and stochastic RSI...
This is a full strategy designed for forex major pairs, specially EUR/USD using 1h time frame chart. Its components are 200 EMA MACD OBV PSAR RIsk management with tp and sl movements Rules for entry For long = Previous histogram from MACD was below 0 and current one is above 0. CLose of a candle is above EMA 200 , OBV oscillator is negative and we have an...
This is a simple yet very efficient daytrading strategy for most crosses pairs, like EUR/NZD, EUR/AUD , GBP/NZD, GBP/AUD and so on. It tends to works best with 1h and 15 min time frame charts. Its components are : Entry time = session that we want to trade, where we can combine for example half of London and all of NY using an hour system. T3 Moving...
This is a forex scalping strategy designed for the most liquid pairs, like major forex pairs. Its made of 1 EMA 50 1 EMA 100 Stochastic RSI MACD Rules For long :close of the candle is above moving average 50, moving average 50> moving average 100, macd histogram is positive and cross over of stochastic rsi with the oversold level. For short :close of the...
This is a strategy made using BB+ RSI indicators that seems to work great with 15 min major pairs for FOREX. THe rules for it are simple: For long we enter when the close of our candle crosses upwards the lower line and rsi crossover the over sold line We exit long when we have a short entry. For short we enter when the close of the candle crosses downwards...
Dear Followers, today I'm glad to present you an light version indicator of my "price levels" one that you can see here below: It's a great analysis tool, for both scalpers, day traders and swing traders, and it works on every timeframe, market and pair . I suggest you so check-out previous version indicator's description to understand how to use it and why...
Dear Followers, today I'm glad to present you an indicator which calculates Moon Phases and let's you set an alert over it. This is a public free indicator based on the public one by @paaax: I added my usual alert system logic, plus some more customization inputs for easy coloring. The lower the timeframe you use it and set your alerts on, the more precise the...
Limited quarter level script but more flexible in compared to my FX script, same logic behind
This script could help to see edged level for a reverse on forex, not for yen pairs and is based on quarter and round number theory. I suggest to use it on H4 timeframe or lower to have a confermation on support or resistance level.
Variety of possibilities offered by PineScript, especially thanks to recent additions, created some confusion. Especially one question repeats quite often - which method to use to trigger alerts? I'm posting this to clarify and give some syntax examples. I'll discuss these 3 methods in chronological order, meaning - in the order they were introduced to...
TradingWise Supply and Demand Indicator 1.0 is based on the Price Action candlestick patterns to identify the Supply and Demand zones in the charts (Areas of liquidity). It works on all Timeframes and Asset Classes. This Script helps the traders to identify the demand and supply zones with identifications on the candle stick patterns indicating the origin of the...
The WOTS Forex Indicator gives you a true picture of the market entry points, after a scan it performs every period (after every candlestick closes) . It is pretty straightforward in its use with clear visual representation of the entry and exit points provided by the indicator. This allows you to make improved entry and exit points either you're going long or...
"How to code moving stop-loss mechanism", is one of the most often repeating questions in private messages I receive, so just to focus on this mechanism, I made a spin-off from my previous script: TradingView-Alerts-to-MT4-MT5-dynamic-variables-NON-REPAINTING . The logic here moves the stop-loss each time a trade is running and a new pivot high/low is detected....
A new update that can be used in liquid markets using graphical analysis. The logic of this indicator is to automatically carry out the analysis of points where there is volume absorption, indicating on the graph through an arrow and lines from which defenses and fights can be generated. Using this methodology we can find good moments to negotiate.
Works on any timeframe but was built originally for scalping. Uses 50EMA and 200EMA to define the trend and touch backs on to the 50 EMA for entry. 200 EMA - White Line 50 EMA - Yellow Line ATR: Length 14 Smoothing RMA 1. Wait for 50ema to crossover 200 ema – Then wait for candle to touch 50 ema after the cross. 2. Entry: Green candle that closes above 50 ema...