CLAM indicator is revealing support and resistance levels.Heikin Ashi candles work best with the Candle Length Average Multi-timeframe (CLAM) indicator. When CLAM diverges after major moves, it means a support or resistance level has been hit and prices are stuck or trending away. Divergence can go on for days. CLAM merely shows where prices should be going if the previous trend is in continuation. If the long-term trend is continuing, candlesticks will generally line up with CLAM and keep returning to it like a mean or average. Divergence, then, depending on how long it goes on and if it does not snap back, could be signaling a new trend developing in the direction away from CLAM.
But when there is a large divergence like today, CLAM stops tracking and predicting prices accurately, which can be a concern. Simply flip chart upside down and line it up with the price again. Then CLAM starts tracking price again and also emulates support and resistance levels as shown here. When (or if) price converges again (diverges from CLAM in the flipped chart), it could mean the underlying is done rolling over and is rolling back, and so we can flip the chart back upright. Price action may be seen to flip back and forth more frequently on smaller timeframes.
Custom
Shorting the XRP PonziI would have entered the short at a higher position but was gone over the weekend. Here is my current trade setup though. Looking at the daily you can see the sentiment, rsi, my own custom script, and volume profile are all looking for a push down. Short the ponzi and get paid.
New Video Tutorials - Coding Custom Indicators - Ask Questions!I am currently recording a Video Tutorial Series on PineScript...Creating Custom Indicators.
ASK QUESTIONS BELOW....QUESTIONS WILL BE ANSWERED IN ON-GOING VIDEO SERIES.
Each Video will be 10 Minutes in Length, Covering a Specific Topic.
I will Start By Taking A Common Indicator Like the MACD and Starting From The Very Basics, Then Adding In All Customizable Options.
Topics Include:
- The Basics You Need To Know.
- Available Reference Materials.
- Creating Custom Colors Based On Conditions.
- Changing Bar Colors Based On Conditions.
- Using Multi-TimeFrames.
- And More...
We Will Have Guest Appearances From Some Of The Top Coders On TradingView Showing Advanced Techniques!!!
We Will Also Cover Other Types Of Indicators!!!
ASK QUESTIONS BELOW...ANYTHING REGARDING CODING IN PINESCRIPT.
QUESTIONS WILL BE ANSWERED IN VIDEO SERIES.
Opening Range Asia And Europe Sessions w/ 2 Profit TargetsCM Opening Range Asia AndEurope Sessions
Requested by rayhug1 to use Asia Range of 5pm Est to 2am Est...uses 540 minutes (5pm to 2am Est — 9 Hours) to calculate the Range...then breakouts trigger after 2am
-Ability to change Start and End Times to use any entire session.
---Defaults to 540 minutes (9 hours) but Opening Range Calculation can be changed to 1 hour, 2 hour etc. in Inputs tab
***Known Bug…Currently will NOT Plot accurately the U.S. Session from 0800 to 0759. Will Update Indicator when Fixed.
-Ability to Change the Start and End Times to Accommodate any session.
—Default is 1700 to 1659 (Asian Range)
—Europe Session 0200 to 0159
***All times are based on New York Time or Eastern Standard time … GMT-5
***Times will change based on Daylight Savings Time.
Larry Connors RSI-2 Trading System!!! Surprising Win Rate!!!This year I am focusing on learning from two of the best mentors in the Industry with outstanding track records for Creating Systems, and learning the what methods actually work as far as back testing.
I came across the RSI-2 system that Larry Connors developed. Larry has become famous for his technical indicators, but his RSI-2 system is what actually put him “On The Map” per se. At first glance I didn’t think it would work well, but I decided to code it and ran backtests on the S&P 100 In Down Trending Markets, Up Trending Markets, and both combined. I was shocked by the results. So I thought I would provide them for you. I also ran a test on the Major forex Pairs (12) for the last 5 years, and All Forex Pairs (80) from 11/28/2007 - 6/09/2014, impressive results also.
***At the bottom of the page is a link where you can download the PDF of the Backtesting Results.
The RSI-2 Strategy is designed to use on Daily Bars, however it is a short term trading strategy. The average length of time in a trade is just over 2 days. But the results CRUSH the general market averages.
Detailed Description of Rules For RSI-2 System are In The First Post. Also Provided are General Results Testing Stocks and Forex. And a PDF You Can Download To See Detailed Back Testing Results!!!
Indicators now published in Public Library:
Upper Indicator:
Lower Indicator:
Master Index: List of all my indicators ---------------------------------------------------------------------------------------------------------------------------------------
If you use any of these indicators regularly, appreciate a small donation :)
My Bitcoin address is : 1Cs5DJ7DGqYVBWaAt5rPuRcD66ULgVCFnx
My Amazon wishlist here : amzn.com
Ping me if would like other means of contributing to my tipjar.
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Complete list of all my indicators in a Google Doc:
docs.google.com
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******** NOTE: Below information is NOT complete and not updated anymore **
******** Please refer to the Google Doc above for all my latest indicators **
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New indicators added: 18
Pointer to new indicators: www.tradingview.com
Total count: 142
New indicators added: 10
Pointer to new indicators: www.tradingview.com
Total count: 124
New indicators added: 7
Pointer to new indicators: www.tradingview.com
Total count: 114
New indicators added: 6
Pointer to new indicators: www.tradingview.com
Total count: 107
New indicators added: 6
List of indicators added: www.tradingview.com
Total count: 101
Reached 3 digits, yay!
New indicators added: 7
List of indicators added: www.tradingview.com
Total count: 95
New indicators added: 11
List of indicators added: www.tradingview.com
Total count: 88
New indicators added: 7
List of indicators added: www.tradingview.com
Total count: 77
List of indicators: www.tradingview.com
Description section does not allow me to list all indicators. So, I will be posting them in the comments. Total count : 70
Some of these indicators are my own concoctions, so very unique to TradingView.
Hope you find at least one that you like / makes you money :)
Feel free to PM me any new indicator requests.
This list is also available in Google docs: docs.google.com
--- LazyBear
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How to import / use custom indicators published by others (PDF):
drive.google.com
For the links with source on PasteBin, use this video (Thx @ChrisMoody) for importing the indicators:
blog.tradingview.com
Another walk-through on how to import / use indicators with sources posted on Pastebin (PDF):
drive.google.com
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