Description: 3 Lines are Stochastic RSI's, strongest move is when all crosses and moves to one direction (from top or bottom). Orange is original Stochastic of the timeline. (Live movement of price). Green is original Stoch x 6. (Short term movement). Red is original Stoch x27 (Long term price movement). Transparent columns are ADX signal. Higher the mountain,...
The Directional system is a trend-following method developed by J. Welles Wilder, in the mid-1970s. It identifies trends and shows when a trend is moving fast enough to make it worth following. It helps traders to profit by taking chunks out of the middle of important trends. Trading Rules 1. Trade only from the long side when the positive Directional line is...
Fill indicates Strong Trend Cross indicates End of Trend -- El relleno indica una fuerte tendencia cuando el Di supera "Level Trend" El cruce de Di+ con Di- indica el fin de la tendencia Cuando el valor del ADX es menor a "Level Range", estamos en Rango
It's a remake of the previous script but for use in reverse positions at the same time. In this script the reality could be even better than the Backtest, because, only close the position with profit, so profitability should be 100%, and Longs and Shorts don't mix because they are independent. In real trade, you need an exchange that allows you to go in reverse...
It's a remake of the previous script but for use in reverse positions at the same time. In this script the reality could be even better than the Backtest, because, only close the position with profit, so profitability should be 100%, and Longs and Shorts don't mix because they are independent. In real trade, you need an exchange that allows you to go in reverse...
-The line control represents, if the ADX is greater than the line of 20, the price trend is considered strong, some people increase it to 25 -Dynamic adx color to better differentiate movements
v2 changes the way the histogram is plotted. Histogram shows the strength and can be used to identify trending or ranging periods.
Original ASH code from alexgrover Some changes: - Change the price to SMA with Period of 1 with reference to the original MT4 code - Added a few more MAs
This is just a bunch of useful funtions and a recommenation how to construct a multiindicator for the sake of economy :))
This script is the same as NOT-ONLY-LONG but without the security() function. It use the following indicators: RMI + ADX + RSI + ICHIMOKU cloud only. The fuchsia dot is the average price of the positions. The Take Profit is calculated from there. It does not have Stop Loss, instead it makes a re-entry to try to improve the liquidation price. Enjoy!
This is the Backtest version of the previous one. It's important to correctly set the "TICKS / PIPS CORRECTION" parameter in each different chart. Enjoy!
Script for automatic trading with Alerts. LG --> Long (green: not confirmed) (lime: confirmed) ST --> Short (maroon: not confirmed) (red: confirmed) TS --> Trailing Stop xL --> Close Long Position xS --> Close Short Position SL --> Stop Loss The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no...
Let's try the Version 4 ... This script is only for long positions. It's based on the conjunction of RMI + ADX + RSI for entries and only with Take Profit to close the position. It doesn't have security (), nor Heikin Ashi, so the Backtest is Real. Use always 'Once per bar'. It doesn't repaint absolutely nothing at all. Timeframe: 15 minutes Have fun...