SuperTrend is one of the most common ATR based trailing stop indicators.
In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA.
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier....
AlphaTrend is a brand new indicator which I've personally derived from Trend Magic and still developing:
In Magic Trend we had some problems, Alpha Trend tries to solve those problems such as:
1-To minimize stop losses and overcome sideways market conditions.
2-To have more accurate BUY/SELL signals during trending market conditions.
3- To have significant...
A brand new indicator from the developer of MOST (Moving Stop Loss) indicator Anıl Özekşi.
Optimized Trend Tracker OTT is an indicator that provides traders to find an existing trend or in another words to ser which side of the current trend we are on.
We are under the effect of the uptrend in cases where the prices are above OTT ,
under the influence of a...
Stochastic OTT is Anıl Özekşi's latest derived version of Optimized Trend Tracker on Stochastic Oscillator.
You might like to view the original version of the indicator if you don't know about OTT yet:
He tried to solve the fake signals of Stochastic Oscillator by adopting OTT on the indicator.
He advised users to set the stochastic smoothing parameters to 500...
Anıl Özekşi's latest development on his precious OTT - Optimized Trend Tracker:
In this version, there are two lines of OTT which are derived from HIGHEST price values (HOTT) and LOVEST price values (LOTT) which were originally sourced to CLOSE values on default OTT.
Another significant difference is there is no Support Line (Moving Average) in this...
Trend Magic is originally a MT platform (MetaTrader) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. Converted the MT platform code to TradingView Pine version 4. Also you can use Multiple Time Frame.
It also works well with Crypto and Stock Markets.
Trend Magic consists of two...
SUPERTREND EXPLORER / SCREENER screens the BUY and SELL signals (trend reversals) for 38 user defined different tickers in Tradingview charts.
Simply input the short name of the ticker in Tradingview that you want to screen.
Script is derived from zzzcrypto123 's work. Thanks for the permission letting me to use his logic.
The QQE indicator is a momentum based indicator to determine trend and sideways.
The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index (RSI) indicator. QQE expands on RSI by adding two volatility based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving...
PMax is a brand new indicator developed by KivancOzbilgic in earlier 2020.
It's a combination of two trailing stop loss indicators;
One is Anıl Özekşi's MOST (Moving Stop Loss) Indicator
and the other one is well known ATR based SuperTrend.
Both MOST and SuperTrend Indicators are very good at trend following systems but conversely their performance is not...
A different approach to SuperTrend:
adding 100 periods Exponential Moving Average in calculation of SuperTrend and also 0.5 ATR Multiplier to have a clear view of the ongoing trend and also provides significant Supports and Resistances.
Default Moving Average type set as EMA (Exponential Moving Average) but users can choose from 11 different Moving Average...
Legendary trade system which proved that great traders can be made, not born.
Turtle Trade Experiment made 80% annual return for 4 years and made 150 million $
Turtle Trade trend following system is a complete opposite to the "buy low and sell high" approach.
This trend following system was taught to a group of average and normal individuals, and almost...
OTTO - Optimized Trend Tracker Oscillator is a derivative of Anıl Özekşi's OTT - Optimized Trend Tracker:
It is more sensitive to price movements when compared to its ancestor OTT.
There are 2 more parameters of VIDYA moving average lengths FAST and SLOW.
Fast VIDYA has length of 10 bars and Slow VIDYA has 25.
Correction Constant is a crucial parameter to make...
Profit Maximizer Indicator on RSI with Tillson T3 Moving Average:
PMax uses ATR calculation inside, for this reason users couldn't manage to use PMax on RSI because RSI indicator doesn't have High and Low values in bars, but ATR needs that values. So I personally calculate RSI in a different way to have High and Low values of RSI wrt price bars.
The Forecast Oscillator is a technical indicator that compares a security close price to its time series forecast. The time series forecast function name is "tsf" and it calculates the projection of the price trend for the next bar.
The Forecast Oscillator and therefore the time series forecast are based on linear regression. The time series forecast indicator...
A different approach to Gerald Appel's classical Moving Average Convergence Divergence.
Appel originaly set MACD with exponential moving averages.
In this version users can apply 11 different types of moving averages which they can benefit from their smoothness and vice versa sharpnesses...
Built in Moving Average type defaultly set as VAR but users can choose...
Normalized version of Quantitative Qualitative Estimation QQE:
Normalized QQE tries to overcome the problems of false signals due to RSI divergences on the original QQE indicator.
The main purpose is to determine and ride the trend as far as possible.
So users can identify:
UPTREND : when nQQE Histogram is GREEN (nQQE is above 10)
DOWNTREND : when nQQE...
Developed by Tim Tillson, the T3 Moving Average is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. However, it bears the disadvantage of overshooting the price as it attempts to realign itself to current market conditions.
It incorporates a smoothing technique...