Nerd Dip Buying for StocksThis script is intended to generate BUY signals during pullbacks in stocks which are in the midst of mid to long-term uptrends. The ideal timeframe is Daily.
Signals should be acted upon at or near the close, or at open next bar.
I use 2 simple moving averages (SMA1 and SMA2) to determine whether the stock is currently in an uptrend. The default parameters are:
SMA1 = 120
SMA2 = 160
Buy signals are only produced when SMA1 is above SMA2.
As an additional filter I also use the Adaptive Moving Average (AMA) developed by Perry Kaufman. The settings are (10, 10, 30). Buy signals are allowed only when the bar closes above the AMA.
Lastly, the Buy signal itself is computed utilizing the Greatest Swing Value, a concept pioneered by Larry Williams in his book Long-Term Secrets To Short-Term Trading . You can control how often BUY signals appear by tweaking the parameter GSV Buy Factor . The smaller the number, the more often BUY signals appear. By default,
GSV Buy Factor = 1.8
This indicator has been developed with stocks trading in mind only, in particular US stocks. Feel free to apply it to other markets or asset classes and let me know the results. Thank you very much.
Btfd!
Dollar Cost Averaging Only Red CandlesThis just shows you the results if, for example, you bought the closing price each day that formed a red candle.
Works on other timeframes than daily.
In the options you can set your own start date, as well as the dollar amount to spend on each buy.
Displays your dollar cost average, total invested, and total portfolio value over time.
2019- BITCOIN - BTFD -BANDS-60minAs long as BTC is in this uptrend,
We have identified the BTFD bands.
They are on the chart and part of this indicator.
When the Dip happens, turn on this indicator,
Use it on the hourly chart.
BTFD will appear when price is rejected by our BTFD Band.
This strategy indicator has worked since the beginning of BTC bullish turn in February
This indicator is set to expire in December 2019
ONCE BTC closes below our Green line on the hourly, this strategy can be deemed DEAD!
Thanks, BTFD Safely
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Buy The Dip - Does It Work?Buying the dip has become a meme in crypto, but does it actually work?
Using this script you can find out.
The dip is defined here as the average true range multiplied by a number of your choosing (dipness input) and subtracted from the low.
When price crosses under the dip level, a long is initiated. The long is then closed using a timestop (default value 20 bars), no fancy exits here.
A general rule for buying the dip should be to be more passive in a bull market and aggressive in a bear market.
Same goes for all counter trend trading.
Heres a few other examples of dip buying statistics using the H4 timeframe:
50% profitable, 1.692 Profit Factor
BINANCE:PIVXBTC
56.52% profitable, 1.254 Profit Factor
BINANCE:KMDBTC
27.27% Profitable, 0.257 Profit Factor... yikes!
BINANCE:BTSBTC
73.33% Profitable, 13.627 Profit Factor... o.O
BINANCE:MANABTC
PorcupineDisplays "spike days" by colouring the bars (Default: yellow for a Spike High and blue for a Spike Low)
Spike Day's definition taken from Jack D Schwager's Book: A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles
A spike is:
A wide difference between the spike high and the highs of the preceding and succeeding days.
A close near the low of the day's range.
A substantial price advance preceding the spike's formation.
The more extreme each of these conditions, the greater the likelihood that a spike high will prove to be an important relative high or even a major top.
(inverse is true for lows, basically)
Enjoy!
stochifyStochastic RSI reflected in candles. Adds an element of caution when overbought, and an element of opportunity when oversold. BTFD.
