[astropark] trade yesterday rangeDear followers,
today a nice scalping tool for day trading on low time frames (1-3-5 minutes)!
Each day the indicator will print some important levels and ranges related to the trading day before:
yesterday high (black line)
yesterday day range averange (silver line)
yesterday low (black line)
average between yesterday high and yesterday average, together with a resistance range (red)
average between yesterday low and yesterday average, together with a support range (green)
two extension ranges above yesterday high (first is blue, second is red)
two extension ranges below yesterday low (first is blue, second is green)
Trading levels is one of most effective trading tecniques:
once a level is broken upwards, you can long (buy) the bullish retest with stoploss below recent low
once a level is broken downwards, you can short (sell) the bearish retest with stoploss below recent high
consolidation below or at a resistance level is bullish, so long (buy) breakout upwards and long more on a bullish retest of broken level
consolidation above or at a support level is bearish, so short (sell) breakout downwards and short more on a bearish retest of broken level
many times you see a level to be tested 2 or 3 times: short (sell) double and triple top, long (buy) double or triple bottom
Here you can see the levels described above and basic usage in a consolidation trading day:
A trader who wants to be a winner must understand that money and risk management are very important, so manage your position size and always have a stop loss in your trades.
Here you can see many examples on how to use this indicator.
Triple top on yesterday range high: perfect short setup (5 take profits targets in the example)
Resistance levels broken: long setup on bullish retest (2 take profits targets in the example)
Double top and support broken: 2 short setups (2 and 3 take profits targets in the example)
Here some examples how to basically use the indicator in a consolidation trading day: short (sell) resistance levels, long (buy) support levels
This is a premium indicator , so send me a private message in order to get access to this script.
Daytrading
Automatic Risk to Reward PivotsIn a nutshell I was tired of guestimating what my risk was between pivots when getting into trades I went to work on the basic math behind the relationship of the pivots to find their natural risk to reward ratios.
The natural risk to rewards span high and low...for example...you can go from the S3 --> R3 and that R:R is with a stop loss of the S4 is 7.4
But making all of those possibilities in code is excessive and for simplicity sake I price can only be between two pivot areas at any point in time.
So this auto risk to reward is limited to the 2:1 opportunities. If you by chance do the math for all of the possibilities as I have then it would be easy to change the Take Profit levels.
I use the fibonacci pivot points in this indicator but I include the mid levels and further extensions totaling 20 levels, 21 including the pivot.
Here they are...the generic plots are bolded...the additional levels are the other fib levels
R7 - 200%
R6 - 162%
R5 - 141%
R4 - 127%
R3 - 100%
R-C - 76%
R2 - 62%
R-B - 50%
R1 - 38%
R-A - 24%
Pivot
S-A - (24%)
S1 - (38%)
S-B - (50%)
S2 - (62%)
S-C - (76%)
S3 - (100%)
S4 - (127%)
S5 - (141%)
S6 - (162%)
S7 - (200%)
The indicator give you the setups for uptrends and downtrends based on the pivot point moving averages (ex. ema(hlc3, 34)) from a higher timeframe which you will be free to change yourself in the inputs.
For my setup, I trade from the daily pivots using the 10m or 5m chart so my next level up is the weekly pivots which I view using the 1H chart candles.
In the next iterations I will add the ability to change the MA lengths.
Pivot Point Moving average lengths
Weekly lengths - fast 34 : slow 55
Monthly lengths - fast 13 : slow 34
Yearly lengths - fast 13 : slow 34
Rules for Uptrends
Fast MA > Slow MA
Session high < r6
Rules for Downtrends
Fast MA < Slow MA
Session high > s6
Timeframes applicable are only those who have a higher pivot set above it
Monthly_SR = 240m, 300m, D
Weekly_SR = 26m, 30m, 60m
Daily_SR = 1m, 3m, 5m, 10m, 15m
Your take profit line will always populate where your risk will be 2:1
Your stop loss will always be one pivot level underneath or above your entry
Feel free to ask any questions. Trade well my friends!
Divergence shortterm swing daytrading I've added a few lines to Mawreez' RSI Divergence Detector.
I edited the visual and filtered the signals in same direction of the current candle.
this indicator shows long and short signals based on divergences. It's better not to trade against powerful trend.
Zeta ScannerIt is a well known fact that actual drivers of the market are Big Institutions, Mutual Funds & Big Guys with deep pockets.
They have large amounts of money to invest and they buy & sell in bulk.
When they buy, often their objective is to buy at lower levels (below average price of the day) & when they sell they sell at higher levels (above average price of the day).
Zeta Scanner seeks to detect this activity. When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows.
Zeta Scanner detects these Higher Highs or Lower Lows and generates Buy or Sell signals when this happens.
In order to use this scanner, simply deploy this on your chart, and wait for Buy/Sell signals.
Primarily, it is meant for Intraday trades and works best with 5 min, 10 min, 15 min & 30 min. time frames.
When a Buy Signal is followed by Sell signal (let it be after 3 - 4 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move.
It is a general purpose indicator and may be used on stocks, commodities and currencies alike and is not meant for any specific market.
HTF Candle CloseThis draws a label to alert user when a higher timeframe candle closes on a intraday chart.
Purpose of it is so that people who mainly use lower timeframe charts do not forget to look at higher timeframe candle closes.
NZDJPY signal [DinhChienFX Corner] Ver 1.0The right screen is never predicting before. Just a the best result at the history for confident to using for Trade.
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Risk: 1%.
1. The Long signal is calculate by the Close of candle crossing up The Keltner Channel Upper.
2. The Short {Sell] signal is calculate by the Close of candle crossing down The Keltner Channel Lower.
3. Reset the Up/Down confirm at Entry.
4. Don''t entry when occurs the Reversal Candle (over 80% the Heigh of Keltner Channel).
a. Not filter the Candel is over 80%.
b. Filter the Candel is over 80% for Not Entry.
5. Stoploss and Take Profit is calculated by Plus or Minus from the Price Entry.
6. Report the result at Backtest:
a. The Long-term result:
b. The Mid-tern result (every year):
- From 1/1/2017 to 1/1/2018:
- From 1/1/2018 to 1/1/2019:
- From 1/1/2019 to 1/1/2020:
c. The Short-term result:
- From 1/1/2020 to 5 Sep 2020
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The right screen is never predicting before. Just a the best result at the history for confident to using for Trade.
Thanks for watching .
EURUSD signal [DinhChienFX Corner] Ver 3.0* Signals are tested successfully for 3.5 years with a steady win rate year on year until now.
Risk: 1%.
* Backtest time: 3.5 years / Premium, varies between currency pairs (Cryto default backtest time is shorter since the market is open both Saturday and Sunday: about 2 years).
The price rule of EURUSD in 20,000 past H1 candles past:
- Upterm (Long): Buy
+ When the price crossing up (Crossover) the Upper line gives 1 point.
- Downterm (Short): Sell
+ When the price crossing down (Crossunder) the Lower line gives 1 point.
- 2 or more points (> = 2), the entry conditions are met
- The entry point for the highest winning rate: when the price adjusts to the Upper / Lower line, the order price is at the closing price of the adjustment candle.
- When the above conditions are met, the Indicator shows a Buy / Sell signal according to the trend.
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- Maximum risk / reward winning ratio: 1 / 1.05
- Stoploss: Calculated from the entry point + - actual fluctuation with the formula ATR (20) * risk ratio (risk).
- Profit: Calculated from the entry point + - actual fluctuation by the formula ATR (20) * reward ratio (reward).
- Profit: So the product has a stable profit of over 30% / year.
- Should backtest 3 Years (long term), every Year (medium term) and quarterly or 6 months (short term). If each year the success rate is always over 50%, it can be used for real trade.
Candle checker for long/short for scalping/day tradingHey.
This strategy is still in working.
For it I check a x amount of candles in the past if they been for example all red/green in row, and based on that I enter. For example candle 7 < candle 6 .... candle 3 < candle 2 .... candle 1 < candle current for long and viceversa for short.
After that,once the trade is initiated, I exit based on 2 possibilities : candle color is different than the color of candle when entry, or based tp/sl.
Let me know what you think of it.
I will try to make the process to calculate automatically and input the number of candles to check like 5-10-15 and so on.
ETS Trending ArrowsThis indicator is the end result of years of trial and error to create an indicator that aims to mimic market entry points that a professional trader would take.
It has arrows that clearly show potential market entry points, and suggested stop-loss levels. What I like about it is that it generally responds as fast to market changes as a good trader would, leaving you enough time to still validate the move before taking it.
This basically levels the playing field, because even if you're a rookie trader, or maybe an experienced trader in a slump, this indicator can help you to identify possible trading entry points that is responsive to market moves, and that can be used on different timeframes based on how you want to trade. And if you're an experienced trader, this indicator will help you like a good trading buddy to make good trading decisions.
What Makes It So Powerful?
- Give you a signal as early as possible and does not "repaint" once the bar completes
- Reacts to fast market direction changes like a master trader
- Is super easy to understand and implement in your trading
- Can be used for Forex, Stocks and Crypto
- Works on all timeframes
How To Use The ETS Trending Arrows Indicator
1. Add the indicator to any chart you wish to trade, Crypto, Forex or Stocks and set it to the timeframe you prefer. For instance, I use it on 1 minute and 5 minute charts for daytrading Stocks. For Forex I generally use a 15 minute chart, and longer timeframes for Crypto.
2. Open the Settings and change values to suit your requirements:
2.1. "Early Trigger Live Signals / Stable Signals" - When you select "Stable Signals", the arrows will appear once the bar closes, on the new bar. Selecting "Early Trigger" will signal instantly and can give you an early entry, but may update in some cases as conditions change.
2.2 "Show More Signals" - This pretty much does what it says. If you don't want all possible signals, this will scale things back a bit and give you fewer signals.
2.3. "Show 20, 50, 200 Moving Averages" - This is just a convenience, and is provided to help you exit trades, which I typically do when price crosses back over the 9 EMA or 20 EMA.
2.4. "Show 9 Expo Moving Average" - Also provided for convenience, and separate in case you don't want this level of detail.
2.5. "Show Immediate Reversals" - Personally I don't use this setting, but someone requested that I add it. What it will do is if there is a signal, which then immediately passes the "stoploss" dotted line, this will immediately give a signal in the opposite direction.
2.6. "Show Bollinger Bands" - This is also only provided for convenience, I use Bollinger Bands to determine where the market move is in relation to the average deviation.
2.7. "Bollinger Bands Length" - Simply the regular BB length setting.
2.8. "Bollinger Bands Deviation" - I use a 2.5 setting by default in order to better identify areas where the price action is really far beyond where it should be.
3. Now that you've set things up, all you need to do is to wait for a signal. As mentioned earlier, the signals will react differently based on whether you chose "Early Trigger Live Signals" or "Stable Signals". If you opt for "Early Trigger Live Signals", like I do, you should pay attention to where the market currently is in relation to the closest moving average, like the 9 EMA or 20 EMA. Keep in mind that price will often signal a new move, but then first move back to the average, before continuing in the new direction identified by the trading arrow.
4. These signals are intended to identify new trending moves, and for that reason, if the market moves against the signal, you should not hold on to your position hoping that it will turn in your favor.
5. When the market is moving in your favor, resist the urge to exit quickly, and use either (or both) the 9 EMA and 20 EMA to exit your trades. A good approach is to use the 9 EMA to exit a portion (maybe 50%) of your trade, and exit out of the rest once price closes above or below the 20 EMA depending on the direction of your trade.
This is an "invite only" script, which means that you will need to let me know that you're interested in it before you can get access to it. This is a paid script, please follow the link in my profile to get the details or ask me directly. It may take up to 48 hours for me to respond, but I do my best to respond as quickly as possible. You will get 7 days to test it for yourself on all your charts with no restrictions.
Trend trader StrategyFirst I would like to thank to @JustUncleL since this strategy started from one of his scalper strategies
This strategy can be adapted to all time charts .
First it has the session where we want to trade, for this example I choosed the EURUSD so I only take in consideration london/neywork session.
Its made from 3 EMA :
normal
slow
ultra slow
It has has the capacity to use HA candles into consideration if its needed.
At the same time we have a price channel made from faster MAs, that act like a bollinger band .
Together with all of them, we establish which trend we have if its uptrend or downtrend
Then we check the candles if they are below or above the MA , and based on the condition if they crossed recently we can suggest if its a buy or a long condition
At the same time we have 2 options of stop conditions:
Through a trailing stop made from ATR or % based
And second, a SL/TP made from pip points or % based.
For this example I used % based.
Let me know what you think about it, and if you found some nice settings for it. So far I only adapted to EURUSD 1 min time.
20 EMA Daytrading Strategy20 EMA Daytrading Strategy
This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.
BUY
When a green candle crosses above 20 EMA
Followed by another green candle which closes above the previous candle high
SELL
When a red candle crosses below 20 EMA
Followed by another red candle which closes below the previous candle low
Stop loss at ATR + 5
Take Profit at 1.3R
Session Trader2This is the second version of our work on developing signals for day trading stock index futures. In addition to finding signals that trade with the trend this script also looks for key reversal points during the day so that traders can now trade both ways. The signals are designed to operate on an intraday basis and have holding periods of 30 minutes or less. The script uses price action only as its signal generation trades rather than relying upon lagging indicator data. For info on how to obtain this scrip please see our signature file or message us directly on TV. We would be happy to show you.
1 Minute Scalper
How to use:
Green background: Long
With green background wait for white bars to appear, once white bars appear wait for green bars and enter long on break of high or close of green bar. The stop out of trade should be a candle that closes below the pivot: it should be apparent. (Can enter long after white bars if it has a long tail Stop below the tail).
Red background: Short
With red background wait for black bars to appear, once black bars appear wait for red bars and enter short on break of low or close of red bar. The stop out of trade should be a candle that closes above the pivot. (Can enter short after black bars if it has a long tail).
best of luck
Volume, Simple Relative Volume HighlightThis script plots volume bars and highlight bars that have an unusual activity, compare to the average (Standard: Simple Moving Average, 50 periods).
The script is useful for checking daily volume levels on equities. Where there is high volume, there is likely volatility, wich is good for day trading and swing trading entries.
MACD Bull Crossover and RSI Oversold 5 Candles Ago-Long StrategyHello everyone, I've been having a great time perfecting this strategy for a few weeks now. I finally feel like it's time to release it to the public and share what I have been working on.
This strategy only enters a long trade when the MACD crosses over the signal line and the RSI was oversold looking back 5 candles ago. The logic behind this is to wait for RSI to enter the oversold territory, and then when the market starts to recovery the MACD will crossover telling us the sell off is over.
This strategy will close once these 2 conditions are met.
1. MACD Histogram is above 0 and MACD crosses under the signal line.
2. RSI was overbought 5 previous candles ago.
In the strategies settings, you'll be able to enable visual stop-loss and profit levels and change those levels to what you like, enable up to 5 EMA'S,
ADDONS That Affect Strategy:
* Enable visual stop-loss and profit levels as soon as a buy signal is triggered.
* Modify stop-loss and profit levels.
* Modify RSI oversold and RSI overbought levels.
* Modify MACD Fast and Slow moving average.
ADDONS That Do Not Affect Strategy:
* Enable up to 5 EMA's. (This will not affect strategy, and is the only purpose is for people who like following EMA's.)
Thank you for taking the time to try my strategy. I hope you have the best success. I will be making a short strategy, and alerts for this strategy soon. Follow me for updates!
Daytrade Killer This script is the programmed version of my daytrading methodology. It is my firm belief that, a successful and legendary trader is someone who can trade with confidence, confirmation and comfort. They always find the setups they are familiar with , trade them over and over again, and they will get the result.
As someone still on the path to becoming one of them, today I will share just one of my favorite setups I consistently trade with - VER (volume expansion reversal). Fist two important elements for this setup - extraordinary volume and reversing price action. Most important thing is to " Buy low , sell high".
The logic is simple, if you observe more , you can easily find out the combinations to building this script. You just need to check the price action , volume and moving average.
P.S The recommended timeframe for use is 1-5 min(s) , lime background is for buying , aqua background is for selling
If you like my scripts and ideas , follow my little account. I promise I will always bring you surprise!!! 😘
eha Moving Averages StrategyMoving Average based strategies are very popular ones among both long-term investors and short-term traders as they can be tailored to any time frame. One of the main moving average strategies are crossovers. The very simple type is a price crossover , which is when the price crosses above or below a moving average to signal a potential change in trend.
Another strategy is to apply two moving averages to a chart: one longer (or slow) and one shorter (or fast). When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up (also known as “ Golden Cross ”). Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down (which is also known as “ Dead/Death Cross ”).
This is a study to find a suitable trading strategy for 4-6 hour time frames. As you can see the performance is currently very poor. It has just generated almost 90 trades in a very long period from January 2017 to the time of publishing the study for the first time.
Moving averages work quite well in strong trending conditions but poorly in choppy or ranging conditions. Adjusting the time frame can correct this problem temporarily, although, at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s).
I am working on this basic strategy to make its performance better and I will update the post in the future. So keep in touch by following the post.
Why have I republished my study?
It sounds like TradingView stores and indexes scripts based on the title of the post rather than the actual title of the scripts and if one chose general terms as the title of the post, the TradingView script search engine may be unable to find it. So I decided to repost the strategy with a more searchable and unique prefix of " eha ".
Please provide me with your precious feedback.
PipSniperThis is a script that trades a variety of instruments and can be configured for day trading stock index futures or swing trading FX pairs. The script focuses on the retrace trade using a proprietary Fibonacci setting to help identify the resumption of the trend. The script uses a variety of visual cues to identify trade signals quickly and efficiently. It's part of BK Forex member script library
Land & SeaI have placed what is needed to know about the indicator at the start of the script. I also placed some hints on the chart.
(13) Twists Swing/Day VS-478TWISTS adds a simple, but very effective twist to utilizing a multiple moving average crossover systems, enabling the effective and profitable trading of any stock, crypto or commodity. This enables trend, swing and day traders to dramatically improve their results over a similar, short-term simple, smoothed, exponential or weighted moving average crossover system.
Four distinct Laguerre filters are applied to the price, one fast, one medium one long and one very long. The default Laguerre settings are: Short = 0; Medium = 0.33, Long = 0.55 XLong = 0.77. The correlation between the length of time and the Laguerre output is adjustable in the format > inputs pane for this indicator and are referred to as gamma. The first three lengths produce two major bands or ribbons. During up trends the top band is filled with green and during down trends this top band will be filled with red. Obviously these bands or ribbons are twisting or flipping positions when the direction of the price trends change. Trading indicator dots are produced during both phases. Green dots for uptrends and red dots during down trends. During consolidation phases it is possible that there will be no dots produced because of the rule set applied to these Entry/hold and Exit/short indicator dots.
TWISTS is a triple moving average trading system using an advanced smoothing filter developed by John Ehlers. You can read about this dramatic advancement in moving averages in the following article: Time Warp -- Without Space Travel. You can find the link to this article on our site.
Access this Genie indicator for your Tradingview account, through our web site. (Links Below) This will provide you with additional educational information and reference articles, videos, input and setting options and trading strategies this indicator excels in.
Run.Trader.FuturesCFDThis is a Futures/CFD version of our RunTrader script that day trades the futures and commodity markets using trend analysis and confirmation of retraces to establish high probability entries in the general direction of the trend. The script can also be used for reversal purposes when the trigger candles on the chart are "not confirmed" The script generally produces 3-4 signals each day in the stock index futures
Vwap and MvwapDay Trading - Made Easy
Vwap (Volume weighted avergae price) is an excellent day trader's tool which comprises of two vital elements ( volume and Price).
and a 50 period vwap based MVWAP provides a baseline for the day trading strategy..
Green bars = price above both vwap and Mvwap.. (for long positions)
Red bars = price below both vwap and Mvwap .. (for short positons)
Gray bars = price in between both vwaps
* One has to apply this strategy along with momentum, major supports and resistances.
* add other confirmations for better trades.
Run.Trader by Boris SchlossbergThis is a short term scalping indicator from BK Forex that buys retraces in an uptrend and sells rallies in a downtrend at oversold/overbought points using 1 hour or 15-minute timeframes.
It can be traded on all the majors including EURUSD GBPUSD and USDJPY using 10 points take-profit targets and it can be traded on higher volatility pairs such as GBPJPY and EURNZD with wider stops and about 20 pip targets. By making the entry process highly visual this script makes timing the day trades much easier.
