Momentum - EddyThis indicator uses momentum, emas, macd trend, probability to find the best entry for both long and short positions.
L = Long
When the low goes below the green line (ema fast low), close is above open and momentum is up
S = Short
When the high goes above the red line (ema fast high), close is below open and momentum is down
XS = Exit short at potential bullish pivot
When the low is below a red step (probability) and below ema fast low and both ema fast high and low are 0.5 % (can be changed in the settings) spread, and high is below ema fast low and open is at least 0.2 % spread (can be change in the settings).
XL = Exit long
When the high is above ema fast high and above a green step (probability) with at least 0.2 % spread (customizable in the settings)
The win rate changes based on the % change parameter. The lower the % change the higher the win rate will be.
Green and Red background shows you a bull trend or bear trend. It uses the Mac signal (periods are customizable in the settings).
You can add alerts for Long / Short / Exit Long / Exit short.
You can adjust parameters in the settings.
Use your own judgement to place trades. This algorithm helps you remove the stress of trading.
To avoid false signals trade from 4h timeframe +.
Rata-Rata Pergerakan Eksponensial / Exponential Moving Average (EMA)
Catching the Bottom (by Coinrule)This script utilises the RSI and EMA indicators to enter and close the trade.
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.
An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average (SMA), which applies an equal weight to all observations in the period.
The strategy enters and exits the trade based on the following conditions.
ENTRY
RSI has a decrease of 3.
RSI <40.
EMA100 has crossed above the EMA50.
EXIT
RSI is greater than 65.
EMA9 has crossed above EMA50.
This strategy is back tested from 1 April 2022 to simulate how the strategy would work in a bear market and provides good returns.
Pairs that produce very strong results include ETH on the 5m timeframe, BNB on 5m timeframe, XRP on the 45m timeframe, MATIC on the 30m timeframe and MATIC on the 2H timeframe.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
PowerOfStocks_5EMAThis indicator is based of Subhashish Pani's (power of stocks) 5 EMA Strategy.
It plots 5 EMA and Buy/Sell signals with Target & Stoploss levels.
What is Subhashish Pani's (power of stocks) 5 EMA Strategy :-
His strategy is very simple to understand. for intraday use 5 minutes timeframe for selling. You can sell futures, sell call or buy Puts in selling strategy.
What this strategy tries to do is , it tries to catch the tops, so when you sell at top & it turns out to be a reversal point then you can get good profit.
this will hit stop losses often, but stop losses are small and minimum target should be 1:3. but if you stay with the trend you can get big profits.
According to Subhashish Pani this strategy has 60% success rate.
Strategy for Selling (Short future/Call/stock or buy Put)
When ever a Candle closes completely above 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle.
If the next candle is also completely above 5 ema and it has not broken the low of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle.
so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the low of the Alert Candle we should take the Short trade (Short future/Call/stock or buy Put).
Stoploss will be above high of the Alert Candle and minimum target will be 1:3.
Strategy for Buying (Buy future/Call/stock or sell Put)
When ever a Candle closes completely below 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle.
If the next candle is also completely below 5 ema and it has not broken the high of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle.
so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the high of the Alert Candle we should take the Long trade (Buy future/Call/stock or sell Put).
Stoploss will be below low of the Alert Candle and minimum target will be 1:3.
Buy/Sell with extra conditions :
it just adds 1 more condition to buying/selling
1. checks if closing of current candle is lower than alert candles closing for Selling & checks if closing of current candle is higher than alert candles closing for Buyling.
This can sometimes save you from false moves but by using this, you can also miss out on big moves as you'll enter trade after candle closing instead of entering at break of high/low.
Note :- According to Subhashish Pani Timeframe for intraday buying should be 15 minutes Timeframe.
If you haven't understood the strategy by reading above description, then search for "Subhashish Pani's (power of stocks) 5 EMA Strategy" on youtube to get a deeper understanding.
Note:- This is not only for Intraday trading , you can use this strategy for Positional/Swing trading as well. If you use this on Monthly Timeframe then it can be very good for Long Term Investing as well.
Rules will be same for all types of trades & Timeframes.
3 Series Cross Indicator with Alerts - by WAMRAThis Indicator allows users to add any 3 combinations of moving averages (SMA, EMA, RMA, RSI, Stochastic RSI, WMA, VWAP ) with granular alert conditions.
Users can alert when all series are in climbing or declining mode.
SUPER MULTI MOVING AVERAGE [Gabbo]this indicator serves to differentiate the classic Moving Average with a different style
There are 3 Moving Average editable with the Source, length, timeframe and styles. the styles are:
SMA = Simple moving average
EMA = Exponential moving average
WMA = Weighted moving average
RMA = Rolling moving average
HMA = Hull moving average
JMA = Jurik moving average
DEMA = Double exponential moving average
TEMA = Triple exponential moving average
LSMA = Least squares moving average
VWMA = Volume-weighted moving average
SMMA = Moving average Smoothed
KAMA = Kaufman Moving Average Adaptive
ALMA = Arnaud Legoux moving average
FRAMA = Fractal Adaptive moving average
VIDYA = Variable Index Dynamic Average
There are also Inputs that are valid only for some styles such as:
JMA = "Phase" and "Power"
ALMA = "Offset" and "Sigma"
FRAMA = "Lower shift ( FC )" and "Upper shift ( SC )"
VIDYA = "Fixed CMO Lenght (9)?" and "Calculation Method: CMO/StDev?"
The "Ema Fill" input is used to decide the type of Moving Average long or short, the choices are:
Fast/Slow = Long = maFast >= maSlow --- Short maSlow > maFast
Fast = Long = maFast >= close ------ Short maFast < close
Slow = Long = maSlow >= close ------ Short maSlow < close
NA = No fill
If they also select the input "USE Ema Conf ???" the calculations for Moving Average Long and Short become like this:
Fast/Slow = Long = maFast >= maSlow and maConf >= maFast --- Short maSlow > maFast and maSlow > maFast
Fast = Long = maFast >= close and maConf >= maFast ------ Short maFast < close and maFast > maConf
Slow = Long = maSlow >= close and maConf >= maSlow ------ Short maSlow < close and maSlow > maConf
NA = No fill
selecting the input "TABLE ???" a table with 8 boxes will appear and each will be of a different color, based on the Moving Average Long and Short of the 8 different Timeframes.
the "Neutral Position" input is used to calculate the Moving Average Neutral, Long and Short
Long = maFast- maSlow >= upBar and maFast >= maFamaSlow
Short = maFast- maSlow <= -lowBar and maSlow > maFast
Neutral = maFast >= maSlow and maFast- maSlow < upBar OR maSlow > maFast and maFast- maSlow > -lowBar
EMA + Williams Fractal Pullback [Trading Nerd]EMA Pullback Strategy with Williams Fractal Indicator
Backtesting script that searches for trends (long and short) and a following pullback into the EMAs. It enters on the first Williams Fractal in the desired direction. I found the Strategy on YouTube as a "M1 Scalping Strategy for Bitcoin".
Including fees the strategy is not profitalbe in lower timeframes (at least if not optimized). But it seems to work on higher timeframes as a swing traiding strategy.
Strategy Conditions
Longs:
EMA 1 > EMA 2 and EMA 2 > EMA 3
Number of need to be above the EMA 1
Then a Pullback into the EMAs is required
Enter on the first bullish Williams Fractal
Signal is canceled if the price closes below the EMA 3
Shorts:
EMA 1 < EMA 2 and EMA 2 < EMA 3
Number of need to be below the EMA 1
Then a Pullback into the EMAs is required
Enter on the first bearish Williams Fractal
Singal is canceled if the price closes above the EMA 3
Take Profit
A Risk Reward Take Profit is possible. If you want to use only a trailing Stop Loss, you can set the Take Profit to 'None'
Stop Loss
The default Stop Loss is EMA. If the Pullback has not reached the EMA 2, the Stop Loss is set to the EMA 2. If the Pullback has reached the EMA 2, the Stop Loss is set to the EMA 3.
Other Stop Loss types are available: ATR, HH/LL
Trailing Stop Loss
Available trailing Stop Loss types: ATR, HH/LL. Best practice is to also set the Stop Loss type to the same value.
The Stop Loss is updated if the value from the latest closed candle is greater/less than the previous value for a long/short trade.
Additional
Time Filter: Only opens trade in the defined Session. Open trades are still being closed outside of the Session.
Start Date/End Date: Limits the backtest for the defined Date Range
Trading Days: Only open Trades on the checked Days
Risk % per Trade: If enabled the Strategy uses X% of the capital (defined in Settings -> Properties -> Initial Capital)
Use Compound Interest: If enabled Capital is recalculated for every trade (initial capital + net Profit)
IMPORTANT: For low Timeframes and Markets with tight SL (like Forex) it requires a lower Margin Percent than default. Go to Settings->Properties and lower the required Long/Short Margin. Otherwise Trades might not be considered because of too less capital/marign. Margins can e.g. set to: 2% (Forex), 10% (Stocks), 20% (Crypto).
Ichi-Price WaveWelcome to the Ichi-Price Wave. This indicator is designed for day trading options contracts for any ticker, using a number of indicators — Ichimoku Cloud, Volume-Weighted Average Price, Stochastic Relative Strength Index, Exponential Moving Average (13/48) — and calculating how they interact with each other to provide entry and exit signals for both Calls and Puts on normal days. ****Read the Important Information section before opening any positions based on this indicator. (Also *NFA)
The general concept is that you, the trader, are a Surfer 🏄🏾 who rides the best waves in deep water until it gets dangerous.
Emoji storyline: The 🏄🏾 emoji (Call or Put, depending on the color of its Green or Red label, respectively) indicates an upcoming *potential* entry that, for a number of reasons, may be disregarded. (See: Important Information section below). And just as there are no certainties in the stock market itself, the tiered exit signals are ranked by low 🐬, medium 🦈 and high risk 🦑 tolerance. (In other words, it's relatively safe to surf with dolphins around, but there's the off chance they even strike trainers and become aggressive. It's more dangerous to swim with sharks. And on the unlikely, rare occasion you see a literal, giant, mythical, ship destroying Kraken 😬 ... you definitely need to get out of the water.
Surfing for as long as possible reaps the greatest rewards — but risk/reward are to be considered for entries and exits. Exiting every time you see a 🐬 (E1) should secure profits nearly 100% of the time, but they'll be very minimal. Whereas surfing til you reach a Kraken 🦑 (which will not even appear on most Price Wave cycles) would reap the most rewards. (NFA: I recommend considering sharks 🦈 as an exit point for the majority of positions, and perhaps only keeping a few runners open with the hopes of finding that shiny Kraken. (On the non-Emoji chart, the low, medium and high risk exits are named E1, E2 and E3, respectively. Got to the indicator's Settings > Inputs > then toggle EMOJIs ON/OFF)
Boring stuff: The entry 🏄🏾 signals are triggered by multiple conditions that must be all true. For Call entries, one of the necessary conditions is that the RSI's K must be maximum 10 (this can be changed in default). This, along with another condition where current price must be below the VWAP Lower Bound 1, serves as a great reference point showing the stock price is currently uncomfortable where it is and may likely soon snap back closer to the VWAP, perhaps even to the other side due to a pendulum effect.
Important information
Relying on those two factors for setting entry and exit points are great for normal days. (Normal, as in the ticker price bounces within a channel (e.g., ≤3% + or -) that's trending slightly bullish or bearish depending on greater market trend). But there are abnormal days where news catalysts (e.g., CPI data, CEO scandals, unexpected company data release, etc.) trigger FOMO and FUD, ultimately rendering the logic behind most indicators non applicable (e.g., RSI's "buy when oversold"). On the chart, this indicator accounts for this with two measures:
One, you should only "Surf" in the water. That is, there are two bands — Shallow and Deep Water. Any "Surf" emojis where price action is outside of the water should be ignored**. Two, there are additional EMOJIs that show you "Bearish trend" ⛈ and "Bullish trend ☀️. (Story time again: You obviously shouldn't surf in thunder and lightning. But also, surfing in the blistering sun with no clouds in the sky during a heatwave is also dangerous to your health.)
You can use these two measures to disregard the "surfers" suggesting you join them in opening a position in the suggested direction. And surfers followed by Cloud EMOJIs — 🌤️ (Put) or 🌧️ (Call) — can be used as "perfect entry" points. (The clouds represent weather being less extreme and better for surfing).
(**While these should mostly be ignored, these have not been muted because there is the possibility of a very strong turn around if you happen to catch the last one (which is not ideal for risk-averse traders). Use other indicators, such as the MACD and trend lines, to find potential bottoms (or tops) as price action plunges (or soars) due to abnormal news circumstances.)
Entry and exit buffers
At the beginning of each day, most indicators usually are not immediately calibrated correctly due to premarket trading and open market (at least to the degree that the day's sentiment can be best read from them due to the amount of volatility). What I recommend when using this indicator is disregarding signals during the first 15 minutes (or possibly 30 minutes) of market open to get the best results. And also, considering this indicator is meant for day trading (i.e., not holding positions overnight), disregarding ENTRY signals for the last 45 minutes of the trading day could give yourself enough buffer on the back end for exiting comfortably.
RSI entry
Preparing for an entry when you see a surfer is recommended, but actually opening the position when you see a 🌤️ (Put) or 🌧️ (Call) would yield best results and avoid misfires — particularly when those two cloud EMOJIs are signaled when the RSI is overbought and K is at least 95 (Puts), or oversold and K at maximum 5 (Calls). (Story time logic: The cloud eclipsing the Sun means it's cooling off and better for surfing. And the rain cloud no longer having lightning means the "bearish" storm is possibly soon over).
Delta and the Greeks
You should experiment yourself, but keep in mind that this is for capitalizing off of a day's minor price swings (≤3% + or -). Entering a same day expiry contract that's deep OTM is not going to work with this indicator (even if you enter at a surfer 🏄🏾 and exit at a Kraken 🦑) because the price wave from one end to the other won't be enough to compensate for the other Greeks working against you. Use another indicator (or insider knowledge ... Just kidding, that's illegal, don't do that) if you want to buy those kind of contracts.
I personally purchase contracts w/ minimum 80% Implied Volatility and somewhere between 20-40 Delta. Having a nice range for yourself with these factors, depending also on the size of your own portfolio and the risk tolerance you have, will determine how much you're able to capitalize off successful entry and exits.
Tips
• I set stop losses 5-10% depending on the ticker. (e.g., $TSLA's volatility may require SL closer to 10% whereas using it on $SPY, a 5% could suffice). This is in addition to ignoring entry signals that don't meet the aforementioned two requirements (i.e., it's risky to Surf in shallow water, and you shouldn't try to Surf at all outside of the water, ref. Band 2 and outside of Band 2). Remember, this is the stock market — not the casino. We rely on strategy and risk management — not hope.
• It's recommended you use time intervals ≤ 5 min. (I use 1 minute and 5 min)
• Liquidity . Using these signals on a ticker with low liquidity (particularly if you enter on the Ask side), can reduce your profits to 0% or even to a loss even if you have a perfect entry and exit. I always point to SPY as the optimal bid-ask spread, but keep that in mind.
What's with the name "Ichi-Price Wave"?
The "Ichi" gives credit to Japanese journalist Goichi Hosoda, whose indicator I used in conjunction with the 13/48 Exponential Moving Averages to create some of the exit signal conditions (e.g., E2🦈). That E2 condition is: Signal the first time the price intersects the Ichimoku conversion line *after* it has entered the VWAP UB/LB channel on one end and has exited on the opposite end). And it's named "Price Wave" because it's a literal price wave, which is where the fun surf narrative comes in. Also, "Price" doubles as me naming it after myself (in a less pretentious way). It's actually convenient that my last name is literally Price. Almost as if I was born for this. Nonetheless, this indicator is far more accurate in spotting directional changes than the free 13/48 cross, which oddly enough, influencers are charging for access. It's free, but the code is protected, for now at least.
Try it out on any ticker and look at how accurately it catches the tops and bottoms (keeping in mind to ignore misfires according to the two measures and also setting ~5-10% stop losses). And of course, use this in conjunction with other indicators. Ignoring all of my other emojis and simply setting surfer 🏄🏾 alerts could serve as additional confirmations for your personal strategy. Or you could simply enter at a surfer 🏄🏾 and exit when it reaches VWAP (or at least increase your Stop Loss to sell at break even if it doesn't reach). That strategy is the most conservative and would secure consistent gains). AND AGAIN, use your stop losses. Either it makes a move or it doesn't. Simply re-enter at a better point if necessary.
WilliamTrendFollowerWith this indicator, we try to catch the trends in price. With continued use of this indicator, we expect it to eventually escape horizontal positions and catch up with continuous trends.
Combined with the WilliamsR indicator and the exponential moving average indicator.
The WilliamsR Fisher Transforms are combined with the ATR indicator to create a line that lags behind the moving average value.
Since it is a tracking indicator, we created a line that is more connected to the price and itself.
In this way, a curve close to the price line is obtained in uptrends and downtrends.
In this indicator, if you choose the parameters correctly, you can easily bypass the horizontal positions. This gives you a safe visualization of support and resistance points as well.
With this tracker, you can generate Buy and Sell signals and you can see them on the chart.
From the settings of these indicators, you can set the multiplier and the exponential moving average period.
It works in all time intervals.
But it was calculated without volume , instead it was created using fisher transforms, moving averages, and the average true range .
You can set an alarm for Buy and Sell orders.
You can see the processing entry and exit areas in a straight line.
The Fisher Transform indicator is an oscillator that helps identify trend reversals and can be applied to any financial instrument. J.F. Created by Ehlers
Muti EMAVẽ 5 Đường EMA , chỉ số mặc định tương đường với dãy số Fibonanci (ngoại trừ đườn EMA200), giúp cho những tài khoản free có thể sử dụng hơn 3 chỉ báo BINANCE:NEARUSDT
EMA Slope AyEWe create our own indicator to calculate the slope of a 20 period EMA over the last candle.
EMA Slope AyEWe create our own indicator to calculate the slope of a 50 period EMA over the last 3 candles.
EMA Multiple TF v2EMA , that you can view from multiple Time Frames across all Time Frames
An important point is that when accessing higher timeframe from a lower timeframe there will be timeframe gaps. For example 15 min ema values will update every 3 bars on a 5 min chart, and because of this there will be gaps in the ema line.
If you want to see continuous lines you can uncheck the gaps options which will draw the value until it's updated.
EMA Multiple TFEMA, that you can view from multiple Time Frames across all Time Frames
An important point is that when accessing higher timeframe from a lower timeframe there will be timeframe gaps. For example 15 min ema values will update every 3 bars on a 5 min chart, and because of this there will be gaps in the ema line.
If you want to see continuous lines you can uncheck the gaps options which will draw the value until it's updated.
JSS:Relative Strength Index//Date: 5-Oct-22
//Author: Jatinder Sodhi
RSI Indicator with colour coding.
Blue - Long
Red - Short
Gray - Stay Out
Best used for Intraday on 5 minute charts. Works well on other timeframes as well.
@Inspired from Asit Baran's RankDelta-RSI Indicator.
ST_EMA+VWAP_V0.0Scalping strategy using relative position of price, intraday VWAP and EMAs
ex of timeframes for scalping 3 and 5 min chart
*** Default settings
- EMA 8 / 20
- Intraday VWAP
*** For bull conditions:
- Price must close twice above all lines above
- EMA 8 must be above EMA20
- should have a recent crossover between EMA8 and EMA20
Strategy Myth-Busting #10 - InsideBar+EMA - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our 10th one we are automating is the " 75% Win Rate High Profit Inside Bar Trading Strategy - What If You ... " strategy from " Trade Pro " who claims to have backtested this manually and achieved 11,063% profit with a 75% winrate over 100 trades. I was unable to emulate these results consistently accommodating for slippage and commission but even so, the results look promising. I was only able to achieve this win-rate with some multiple take profit staggering. Even so the markdown is above where I would normally consider comfortable (>20%).
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 2 open-source public indicators:
Inside Bar Ind/Alert by CMA
EMA (built-in)
Trading Rules
4 hour candles
Stop Loss at EMA Line with TP Target 1.5x the risk
Long Entry when these conditions are true
inside bar and bullish
Bar close's above 50 ema
Price action rises above high of inside bar .
Short Entry when these conditions are true
inside bar and bearish
Bar close below 50 ema
Price action falls below low of inside bar
Trend Hunter v4This strategy follows the Trend Hunter training strategy taught at InvestIshare.
Entries are made based predominantly on the price action being above/below the Ichimoku Cloud with the ATR based super trend being used as a trailing stop loss.
Additional trend tracking tools can be toggled on / off to improve the wind rate on some time frames, with additional options available to limit entries if certain conditions are met.
If you would like access to this indicator, send me a DM on the Investishare Discord in the Trend Hunters channel.
The default parameters are set for BTC on the 2 HR time frame
(E)Moving Average Ribbon High/LowThis is a slight modification of the standard Moving Average Ribbon. This script will take the 200 EMA and SMA with source the high and low, not the close.
This band will act as a support and resistance zone and should be used as a confluence with other indicators or support/resistance lines.
I got inspired to create this one, by the YT video "FINALLY! The 200 EMA Confluence Trading Strategy You’ve Been Waiting For" by The Secret Mindset.
In his video he takes only the 200EMA, but this script will take by default also the SMA into account.
In the settings you still can adapt as you wish ;-)
Happy trading!
Fibonacci EMA's with Bollinger Bands [Feniks]Many Fibonacci EMAs are calculated and then tracked using custom-colored candlesticks so that your chart remains very clean. This setup is mainly used for scalping on the 2min. Feniks uses gray candlesticks and then all of the custom-colored candlesticks to know when to react to price action.
WARNING: Do your own due diligence and try it out. Also, the script's default colors were determined with the chart's candlesticks being gray for both bullish/bearish candles. You'll probably have to change some of the colors to make use of the script if your chart's candlesticks are not similarly configured.
The main two strategies involve the 13/55 and 21/233.
The 13 EMA (blue) crosses above or below the 55 EMA (green).
- 13/55 Crossover is shown by the triggering candlestick being blue.
- 55/13 Crossunder is shown by the triggering candlestick being orange.
- (Alerts 1/2)
The 21 EMA (red) crosses above or below the 233 EMA (white).
- 21/233 Crossover is shown by the triggering candlestick being green.
- 233/21 Crossunder is shown by the triggering candlestick being red.
- (Alerts 3/4)
Supertrend, MA 44|6, EMA FIBS 13|21|34I have this indicator based on my strategy. This indicator is based on existing functions available in the system. I haven't added anything new. This indicator uses Supertrend, MA44|6, EMA fibs 13|21|34 combining to find a profitable trade.
- Supertrend : Indicator uses supertrend strategy with default ATR period of 10 and Factor value 3. These values can be customized based on your preferences. Uptrend is denoted by green color and downtrend by red color. You can change the colors based on your preferences.
- MA 44|6: Indicator plots moving averages of 44 and 6. These values can be customized based on your preferences. Although it is highly recommended to keep 44 as is. Value 6 can be adjusted based on your preference. Default color for uptrend is green and for downtrend is red. You can change the colors based on your preferences.
- FIBS EMA 13|21|34: Indicator plots EMA of fibbonacci numbers 13, 21,34 to identify consolidation and breakout. The periods can be adjusted but it is highly recommended not to do so. Default colors for 13,21 and 34 is Aqua, Blue and Navy respectively. You can change the colors based on your preferences.
When to take trade?
To take a trade all conditions needs to be fulfilled.
Supertrend : Always take a trade in the direction of Supertrend. It is always advisable to take trade if the trend is changing or price is taking support of resistance.
MA 44|6: Moving average 44 indicates average price of 44 last candles and 6 for last 6 candles. Price crossing MA 44 indicates change in trend. It is advisable to take trade at crossing the line above or below. If many candles closing near MA 44 then it indicates consolidation. The more far the candle closes from MA44 the better. MA 6 is used to identify when to enter or exit the trade. If candle closes away from MA 6 then you can wait for candle to start near the MA 6 line. If candle closes above/below MA 6 you can exit your trade.
Fibonacci 13|21|34: When all lines are closed it indicates consolidation. When price breakouts to either direction you can take a trade in that direction with following conditions.
Bullish Trade:
When to enter?
If candle closed above MA 44, Supertrend is uptrend and EMA Fibs are moving away and are above MA 44. The price is near to MA 6 line then you can enter into bullish trade. If price is away from MA 6 then you should wait until the price/line comes near to avoid loss.
When to exit?
Price moving in opposite direction:
You should set a stop loss when you enter the trade. The stop loss can be set below the low of the previous candle or any other strategy you have. But it is really important to set the stop loss. If price moves in opposite direction then your stop loss will hit and you will be out of the trade.
Price moving in same direction:
Once you enter the trade you can exit based on two conditions whichever suits you.
1. Exit the trade if candle closes below MA6. The drawback is you may exit too early. You can also adjust the period based on your preferences.
2. Exit the trade if candle closed below low of previous candle. The drawback is you may book less profit but you can capture the movement very well.
Bearish Trade:
When to enter?
If candle closed below MA 44, Supertrend is downtrend and EMA Fibs are moving away and are below MA 44. The price is near to MA 6 line then you can enter into bearish trade. If price is away from MA 6 then you should wait until the price/line comes near to avoid loss.
When to exit?
Price moving in opposite direction:
You should set a stop loss when you enter the trade. The stop loss can be set below the low of the previous candle or any other strategy you have. But it is really important to set the stop loss. If price moves in opposite direction then your stop loss will hit and you will be out of the trade.
Price moving in same direction:
Once you enter the trade you can exit based on two conditions whichever suits you.
1. Exit the trade if candle closes below MA6. The drawback is you may exit too early. You can also adjust the period based on your preferences.
2. Exit the trade if candle closed below low of previous candle. The drawback is you may book less profit but you can capture the movement very well.
When not to take trade?
1. If MA 44 is completely horizontal and EMA Fibs are very close to each other. This indicates that the market is consolidated and if you enter the trade you may hit stop loss very often.
Note: Please note that I am not expert and I don't take any responsibility of your profits or losses. I have created this indicator based on my knowledge and it is for study purpose. Use of this indicator is totally your responsibility. Use all your knowledge and expertise and don't totally depend on the indicator. Don't forget to use stop loss and do money management.
Happy Trading!
Ultimate Moving Average Strategy CreatorHave you ever wanted to create your OWN strategy, but don't have coding experience? Well now you can.
With simple settings, but millions of potential strategies and combinations, this indicator / strategy lets YOU make ALL the rules.
Start by choosing up to 4 moving averages from all the various types - Simple, Exponential, Hull, Volume-Weighted, etc. Choose the period and choose price source.
Now the fun part.
You select your values to compare and how to compare them. Want to test if the Fast Moving Average crosses over the Slow Moving Average? No problem. Want to add an additional test to check the closing price is greater than the Fast Moving Average? Done.
With additonal options to set take profit % and stop loss %, as well as a date range and the option for 'Long Only' positions, you can instantly see the results of any strategy in the strategy tester, then simply make an adjustment and refine the criteria without having to know or understand any of the complex coding and scripting.
I have tried many popular moving average strategies, but irrespective of the results, the thing that stood out to me was how inflexible they were. If it was designed to test a triple crossover, that's all it could do. With this indicator, literally anything is possible and modifying the parameters couldn't be easier.
Vegas AutoThis is a trial script that searches for Vegas buy/sell signals in different time frames.
When a Vegas signal is found, it remains valid until the Vegas tunnel at that time frame is broken (i.e. 12 EMA crosses 144 EMA), or the candle closes across the 200 EMA.
When a signal in a lower time frame is found, the Vegas signal in higher time frames are also considered to be valid, as long as the corresponding EMAs are in the appropriate order. And when the Vegas signal in a lower time frame is invalidated, the script automatically switches to the next higher time frame that is still valid.
The Vegas tunnels when the buy/sell signals are valid are shown as green/red lines. The time frames considered are 30m, 1H, 2H, 4H, 6H, 12H, and 1D.
Fibonacci MAsIt's a pretty simple script. Idea is to compute MAs with the length of Fibonacci numbers and then compute an average of them all.
In the script, you can choose the type of MAs and how many Fibonacci numbers to use for it.
You can also adjust the length of these MAs manually and choose the color of every one of them.
Thanks to @MUQWISHI for helping me code it.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.