JF Moving Average ColoredThe Moving Average Colored is really easy to use, it just shows the actual trend, so you could buy when it turns to green or you can sell when it turns to red. It works better on the Forex Pairs EURUSD, USDJPY, USDCAD, EURJPY, GBPJPY, GBPUSD, GBPAUD, GBPNZD, GBPCAD, GBPCHF and XAUUSD.
Trendfollowing
Monthly Weekly Daily Hourly CLOSESDraws horizontal segments where the last Monthly, Weekly, Daily and Hourly closes are.
Easily identify current price relative position to these key prices.
I use it as a kind of pivot points and help me with trend following entries: longs if up from last close, shorts if down from last close.
Monthly: red line (MMMMM)
Weekly: orange line (WWWWW)
Daily: yellow line (DDDDD)
Hourly: white line (HHHHH)
//Original idea from "Key Levels
Keltner Channels Linda RaschkeThis channel is a second version designed by the famous american analyst Linda Raschke; it allows you to find the main trend and to implement a trend-following strategy. You can open a new long/short position when the price cross up the basis and the upper/lower band (jointly with other indicators).
Simple TrenderOriginates from:
I was reading some Impulse Trading literature by A. Elder.. In it, someone named Kerry Lovvorn proposed "An End of Day Trend Following System" for someone lazy.
Originally it is just price closing above an 8 ema (low) for long. Exit when price closes below an 8 ema (low). The opposite for a short position.
Conditions: Buy when price closed below ema (low) for two bars or more, then closes above. Opposite for a short position. I do not follow this condition. Though it may help with whipsaw.
My condition is when price closes above the 26 ema (low) (works the best for me) I place orders above the initial crossing bars high. Opposite for lows.
I look for stocks that are low in price to go long on. I want the run from 2's to 15's
I look for stocks that are mid-teens/20's in price to go short on. I want the run from 20's to 2's
I look for stock with news and earnings that are already running (up or down) to play the pullback.
These conditions can easily be scanned for on thinkorswim
From first glance, the system looks like CMsling shotsystem. Although, I plagiarized some parts of the codes, because I am inept when it comes to that shit, it differs as it is not a moving average crossover system.
It is a price crossing over concept. A moving average VWAP is used for best entries on pullbacks.
Purpose:
--To catch the majority of a trend/wave/run.
--To identify pullback areas to go long or short while in midst of trend. To catch pullbacks off news and earning runners.
--To catch the initial start of trend with clear rules to enter
--Clear rules to exit
Issues
--possibilities of getting ninja sliced the fuck up. Can be mitigated by entering stocks with decent average volume. And also only going long above 200 ema and short below it. ADX won't work, at the initial start of the trend it will show not trending. Can look at blow off volume at the bottom followed by increase in buying for long and vice versa for short.
--Can give some huge gains away through gap ups or gap downs from news or earnings during trend. However, can get huge gain on gaps from news or earning. Nature of the game.
--Need some brass balls and a supply of pepto to stomach through some of the pullbacks. Gut wrenching seeing big gains dwindle. But they all even out at the end, you hope. (see NBEV and IGC, and CRON and others. shit don't go in straight lines, homie)
Pros
--It's simple and easy. Overall, you profit
--works with any security
Cons
--It can be stressful.
--does not work well on lower time frames. Do not recommend going below 15 minutes
--Possibility of working on 5 minutes with a time frame breakout strategy (15,30 min).
Couple it with LazyBear "Weis Wave Volume" indicator. Works well for pullback entries.
Enjoy. Ride some waves.
ATR and T3 strategyT3 Moving Average indicator was originally developed by Tim Tillson in 1998/99.
T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions.
It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk and allowing your profits run.
This strategy is for trend followers who are patient enough to have 6-10 trades per year.
What's included in strategy?
Two ATR (Code was taken from J.Dow and modified)
Tillson Moving average
Enter long signal:
When both ATR (Long and Short) are in uptrend and the bar closes above Upper Tillson's moving average band: Enter Long
Exit Long signal:
When hl2 is lower than Lower Tillson Moving Average band
Enter short signal:
When both ATR (Long and Short) are in downtrend and the bar closes below Lower Tillson's moving average band: Enter Short
Exit Shortsignal:
When hl2 is higher than Upper Tillson's Moving Average band
Best to use with Bitcoin on 12H TF
Can be used for different time frames as well but the settings must be adjusted accordingly
Remember, overtrading can be harmful to your trading account.
If this is helpful for you, consider a tip
BTC: 3FiBnveHo3YW6DSiPEmoCFCyCnsrWS3JBR
ETH: 0xac290B4A721f5ef75b0971F1102e01E1942A4578
Created by CryptoJoncis
1 HOUR Trend Friend (BTC)Trend Friend V.1.
-The Trend Friend indicator is tuned for 1 HOUR timeframe (BTC) only to capture the overall trend.
-Signals are meant to be possible entries and profit taking opportunities
-No strategy is 100%
-Fib Band width can be adjusted for instrument and volatility
ABOVE BASIS (Uptrend)
Long signals = buy and hold bias
Short signals = take profit OR scalp opportunities
Price drops below basis, exit Long position
BELOW BASIS (Downtrend)
Short signals = Short and hold bias
Long signals = take profit OR scalp opportunities
Trend BarsThis trading tool identifies when price is in a range and when the trend is established from.
Exclusive for our members.
Parabolic DanyThis script is based on a strategy that includes the following indicators:
EMA at 100 periods;
RSI at 14 periods;
Parabolic SAR;
For the signals to occur the requirements are:
The price must cut the exponential moving average to 100 periods and close over;
The next spark plug must be of the same direction as the one that cut the moving average;
You must break the support or resistance generated by a swing within 20 previous spark plugs;
The Parabolic SAR must be in favor of operation;
The strategy is that you enter the market at the opening of the candle after the signal with a STOP LOSS of 25 pips and a Risk / Yield of 1 or 1.5 and maybe follow the Trailing Stop operation.
Good trading at all.
Bear vs Bull Trend indicator by Atilla YurtsevenHi Traders,
Bear vs Bull Trend indicator helps you to determine the trend direction easily. Using this indicator, you will not need to look for the cross-over anymore. You can simply choose your favorite Trend detection indicator from the properties (sma, wma, ema, linear). I usually use Linear trends.
Disclaimer: All the information in this article, including the algorithm & indicator, was provided and published for informational purposes only and should not be considered legal or financial advice.
PS: Please leave some comments and remember to follow me. I share only the indicators that i use.
Happy trading :)
Atilla Yurtseven
Ichimoku Cloud Score MTFThis is a simple multi time frame (MTF) conversion of the Ichimoku Cloud Score indicator.
All credit goes to the following users for the initial implementations:
- User @dashed :
- User @sjb933 :
This script calculates the Cloud Score based on the sjb933 version; all I've done is convert the script to Pinescript version 3 (to ensure the security function works as intended) and add MTF capability.
I'm a big fan of MTF analysis when using indicators (particularly oscillators). Using a higher time frame runs into the issue of the indicator repainting until the relevant higher time frame candle closes (this is inevitable and logical - so don't comment saying it repaints!). However, for lagging indicators such as this one, adding a lower time frame provides potential entry and exit signals into the larger trend, and also provides early warning of large trend shifts before the current time frame will. This can give you more control over your trades, and in my experience helps lagging indicators such as Ichimoku stay relevant in high volatility markets that are vastly different from when the indicators were conceived.
Any queries please let me know.
Cheers,
RJR
BTCUSD (NRML Trade) (No-Repaint) by MarketAlphaPlease ping me for 3-months free trial.
The script works best for delivery trade on 1-Day candle chart of BTCUSD 0.30% .
Please ping me for any queries
Tillson Moving Average(vwma) singleT3 Moving Average indicator was originally developed by Tim Tillson in 1998/99.
T3 Moving Average is considered as improved and better to traditional moving averages as it is smoother and performs better in trending market conditions.
It offers multiple opportunities when the price is in the state of retracement and therefore allows to minimize your exposed risk and allowing your profits run.
This version provides simple T3 MA
Source options - all standard + HA
T3 based on 6x vwma
Only adds 1 T3 MA on chart
Consider a tip in ETH to
0xac290B4A721f5ef75b0971F1102e01E1942A4578
Thank you and have a nice day
CryptoJoncis
UNKNOWN1Designed for BTC only but with proper settings, I believe it can be used for other markets as well, at the end, it is a trend following strategy. Best TF to use - 1H
TrendFollower - v1.0This script is based on trend following and attempts to capture the larger trends for an asset. Works on BTCUSD, ALTUSD and ALTBTC pairs alike as the crypto market is largely momentum based.
Perfectly suited for long-term trades.
Entries and Exits (plus alerts)Simple breakout strategy that can be used for most equities, FOREX and cryptocurrencies. Inputs can be customized to suit your trading style and can be applied to any time frame chart. Comes with matching alert indicator which is useful for autotrading or just simply never missing a trade for manual trading. Please message me for access. Happy trading!
RSI/MFI - MTF - Entry signals/Trend colored bars - JD@version=2
This indicator is designed to give early entry signals as well as to follow trend moves, according to different settings.
The indicator shows a histogram of the RSI ro MFI in relation to an ema of the RSI or MFI.
The histogram is then smoothed to give early reversal/entry signals.
The actual RSI/MFI line with oversold/overbought indication can be displayed or omitted, as preferred.
in addition to the RSI/MFI line or as an alternative to it, the background colour can be set to change folowing the RSI/MFI signals.
The timeframe can be chosen. Higher timeframes (eg. 3h) tend to give less false signals.
version 5.
added support for custom Multiple Time Frame selection.
added option for choice of RSI or MFI as base indicator.
added option for price bar coloring according to the indicator. (deselecting "borders" in the "style" tab is recommended)
price bar coloring can be adjusted for different strategies:
1. following the slope of the histogram (for faster entry/exit signals)
2. according to positive or negative histogram (for longer moves)
3. according to pos. or neg. RSI/MFI (for longer term trend holds)
4. uptrend: biased towards faster buy signals and slower sell signals to stay in the uptrend
5. downtrend: biased towards faster sell signals and slower buy signals to stay in the downtrend
A longer timeframe (eg. 3x) is recommended for following trend moves.
try different strategies to see what works better for RSI or MFI.
JD.
TT3 indicatorHow does this indicator works and what it is?
It consist of 3 T3 moving averages. T3 moving average was developed by by Tim Tillson and is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well.
This indicator works on any stock, index, future or cryptocurrency.
The ways how you can use it:
When the price is above the green band, trade with longs
When the price is below the red band, trade with shorts
When the price crosses down Signal T3 while above the green band, close the long position and reopen it only if price breaks up above the Signal T3 and is above green band.
When the price crosses up Signal T3 while below the red band, close short position. If price drops down below Signal T3, open short position again.
The bands are working as supports and resistances. When price is above the green band and drops, there is a high chance it will bounce back as soon as it hits the Long Band T3. (It will act as support)
When price is below the red band and rises, there is a high chance it will bounce back as soon as it hits the Short Band T3 (it will act as resistance)
Any ideas, feedback and comments will be really helpful.
Consider to tip me if this indicator is any use for you and think that I should make more of them to help the community of traders.
ETH: 0xac290B4A721f5ef75b0971F1102e01E1942A4578
BTC: 39p3rKuJYKGqph1Qs35yEfNWoPvpUJBBcy
Nick's Momentum Trading Strategy - Beats Buy and Hold manifolds!This script works on the principle of short-term mean reversion and long term trend following, and uses minimal parameters to ensure no overfitting.
The scripts beats buy and hold for almost all major pairs that satisfy the following conditions:
- are trading on multiple exchanges as either ALTBTC or ALTUSD pairs
- have good volume available with them
- have an established history - (try not to use this script with really new pairs)
To run the script, follow these rules:
- script should be run on ALTBTC pair
- set first parameter such that when multiplied with resolution of chart, we get a whole day/week/month, etc. e.g. for a '4H' chart, set this to multiples of 6. The reason being that most algorithmic rebalancing in cryptosphere happens at these times, and we want to make effective use of this.
- set second parameter in the range of 1-6 - this is the smoothing factor (ema) we want to apply to our indicator (governed by our first parameter) - more smoothing = lesser trades. See what works for you.
- Last parameter is a filter condition. Just check/uncheck it once to see if market works better with this on or off.
- If script does not beat buy and hold on this pair (rarely), don't use script on this pair at all.
Access available only to friends. I do code trading strategies on request - so, let me know if you have a good set of rules to create a strategy.
Supertrend MTF - multi time frameThis script allows to see the Supetrend of an higher timeframe (in the example above H4 vs Daily)
Add it to you favorites.
It is useful as:
- Higher timeframe trend detector (eg. price below higher timeframe Supertrend -> bullish trend )
- Filter, in combinations with other techniques (eg. price below higher timeframe Supertrend -> only short)
- Signal with the current Supetrend: (eg. when higher timeframe Supetrend and actual timeframe one are both in selling position then take sell trade)
If you find the work useful, please feel free to donate: paypal.me
Any feedback is welcome.
CCI colored barsThis indicator simply colors bars when CCI ( commodity channel index ) is above 0 line (green bars) or below (red bars).
Add it to you favorites .
It is useful as:
- Trend detector (eg. green bars -> bullish trend )
- Filter, in combinations with other techniques (eg. green bars, only long)
- Signal: (eg. green bar -> buy long)
If you find the work useful, please feel free to donate: paypal.me
Any feedback is welcome.
RSI-MTF-Histo-EntryThis indicator gives a histogram of RSI in relation to an ema of the RSI.
The histogram is then smoothed to reduce false signals.
The actualiteit RSI line with overbought/overvols signals can be added or omitted as preferred.
The background can be color coded if the RSI is above or below 50.
Version 2. Added support for MTF. Longer timesframes (1h-3h) tend to give better entry results.
As an example the indicator was added two times, one for the current timeframe and one for a longer timeframe.
