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Dow Theory based Strategy (Markttechnik)What makes this script unique? calculates two trends at the same time: a big one for the overall strong trend - and a small one to trigger a trade after a small correction within the big trend only if both trends (the small and the big trend) are in an uptrend, a buy signal is created: this prevents a buy signal from being generated in a falling market just because an upward movement begins in a small trend the exit strategy can be configured very flexibly and individually: use the last low as stop loss and automatically switch to a trialing stop loss as soon as the take profit is reached (instead of finishing the trade) the take profit strategy can also be configured - e.g. use the last high, a fixed percentage or a combination of it plots each trade in detail on the chart - e.g. inner candles or the exact progression of the stop loss over the entire duration of the trade to allow you to analyze each trade precisely What does the script do and how? In this strategy an intact upward trend is characterized by higher highs and lower lows only if the big trend and the small trend are in an upward trend at the same time. The following describes how the script calculates a buy signal. Every step is drawn to the chart immediately - see example chart above: 1. the stock rises in the big trend - i.e. in a longer time frame 2. a correction takes place (the share price falls) - but does not create a new low 3. the stock rises again in the big trend and creates a new high From now on, the big trend is in an intact upward trend (until it falls below its last low). This is drawn to the chart as 3 bold green zigzag lines. But we do not buy right now! Instead, we want to wait for a correction in the big trend and for the start of a small upward trend. 4. a correction takes place (not below the low from 2.) Now, the script also starts to calculate the small trend: 5. the stock rises in the small trend - i.e. in a shorter time frame 6. a small correction takes place (not below the low from 4.) 7. the stock rises above the high from 5.: a new high in the shorter time frame Now, both trends are in an intact upward trend. A buy signal is created and both the minor and major trend are colored green on the chart. Now, the trade is active and: the stop loss is calculated and drawn for each candle the take profit is calculated and drawn to the chart as soon as the price reaches the take profit or the stop loss, the trade is closed Features and functionalities Uptrend : An intact upward trend is characterized by higher highs and lower lows. Uptrends are shown in green on the chart. The beginning of an uptrend is numbered 1, each subsequent high is numbered 2, and each low is numbered 3. Downtrend: An intact downtrend is characterized by lower highs and lower lows. Downtrends are displayed in red on the chart. Note that our indicator does not show the numbering of the points of the downtrend. Trendless phases: If there is no intact trend, we are in a trendless phase. Trendless phases are shown in blue on the chart. This occurs after an uptrend, when a lower low or a lower high is formed. Or after a downtrend, when a higher low or a higher high is formed. Buy signals A buy signal is generated as soon as a new upward trend has been formed or a new high has been established in an intact upward trend. But even before a buy signal is generated, this strategy anticipates a possible emerging trend and draws the next possible trading opportunity to the chart. In addition to the (not yet reached) buy price, the risk-reward ratio, the StopLoss and the TakeProfit price is shown. With this information, you can already enter a StopBuy order, which is thus triggered directly with the then created buy signal. You can configure, if a buy signal shall be created while the big trend is an uptrend, a downtrend and/or trendless. Exit strategy With this strategy, you have multiple possibilities to close your position. All of them can be configured within the settings. In general, you can combine a take profit strategy with a stop loss strategy. The take profit price will be calculated once for each trade. It will be drawn to the chart for active trade. Depending on your configuration, this can be the last high (which is often a resistance level), a fixed percentage added to the buy price or the maximum of both. You can also configure that a trailing stop loss is used as soon as the take profit price is reached once. The stop loss gets recalculated with each candle and is displayed and plotted for each active and finished trade. With this, you can easily check how the stop loss changed during your trades. The stop loss can be configured flexibly: Use the classic "trailing stop loss" that follows the price from below. Set the stop loss to the last low and tighten it every time the small trend marks a new local low. Confiure that the stop loss is tightened as soon as the break even is reached. Nothing is more annoying than a trade turning from a win to a loss. Ignore inside candles (see description below) and relax the stop loss to use the outside candle for its calculation. Inner candles Inner candles are created when the candle body is within the maximum values of a previous candle (the outer candle). There can be any number of consecutive inner candles. As soon as you have activated the "Check inner candles" setting, all consecutive inner candles will be highlighted in yellow on the chart. Prices during an inner candle scenario might be irrelevant for trading and can be interpreted as fluctuations within the outside candle. For this reason, the trailing stop loss should not be aligned with inner candles. Therefore, as soon as an inner candle occurs, the stop loss is reset and the low at the time of the outside candle is used as the calculation for the trailing stop loss. This will all be plotted for you on the chart. Display of the trades: All active and closed trades of the last 5 years are displayed in the chart with buy signal, sell, stop loss history, inside candles and statistics. Backtesting: The strategy can be simulated for each stock over the period of the last 5 years. Each individual trade is recorded and can be traced and analyzed in the chart including stop loss history. Detailed evaluations and statistics are available to evaluate the performance of the strategy. Additional Statistics This strategy immediately displays a statistic table to the chart area giving you an overview of its performance over the last years for the given chart. This includes: The total win/loss in $ and % The win/loss per year in % The active investment time in days and % (e.g. invested 10 of 100 trading days -> 10%) The total win/loss in %, extrapolated to 100% equity usage: Only with this value can strategies really be compared. Because you are not invested between the trades and could invest in other stocks during this time. This value indicates how much profit you would have made if you had been invested 100% of the time - or to put it another way - if you had been invested 100% of the time in stocks with exactly the same performance. Let's say you had only one trade in the last 5 years that lasted, say, only one month and made 5% profit. This would be significantly better than a strategy with which you were invested for, say, 5 years and made 10% profit. The total profit/loss per year in %, extrapolated to 100% equity usage Notifications (alerts): Get alerted before a new buy signal emerges to create an order if necessary and not miss a trade. You can also be notified when the stop loss needs to be adjusted. The notification can be done in different ways, e.g. by Mail, PopUp or App-Notification. This saves them the annoying, time-consuming and error-prone "click through" all the charts. Settings: Display Settings With these settings, you have the possibility to: Show the small or the big trend as a background color Configure if the numbers (1-2-3-2-3) shall be shown at all or only for the small, the big trend or both Settings: Trend calculation - fine tuning Drawing trend lines on a chart is not an exact science. Some highs and lows are not very clear or significant. And so it will always happen that 2 different people would draw different trendlines for the same chart. Unfortunately, there is no exact "right" or "wrong" here. With the options under "Trend Calculation - Fine Tuning" you have the possibility to influence the drawing in of trends and to adapt it to your personal taste. Small Trend, Big Trend : With these settings you can influence how significant a high or low has to be to recognize them as an independent high or low. The larger the values, the more significant a high or low must be to be recognized as such. High and low recognition : With this setting you can influence when two adjacent, almost identical highs or lows should be recognized as independent highs or lows. The higher the value, the more different "similar" highs or lows must be in order to be recognized as such. Which default settings were selected and why Show Trades: true - its often useful to see all recent trades in the chart Time Frame: 1 day - most common time frame (except for day traders) Take Profit: combined 10% - the last high is taken as take profit because the trend often changes there, but only if there is at least 10% profit to ensure we do not risk money for a tiny profit Stop Loss: combined - the last low is used as stop loss because the trend would break there and switch to a trailing stop loss as soon as our take profit is reached to let our profits run without risking them anymore Stop Loss distance: 3% - we are giving the price 3% air (below the last low) to avoid being stopped out due to a short price drop Trailing Stop Loss: 2% - we have to give the stop loss some room to avoid being stopped out prematurely; this is a value that is well balanced between a certain downside distance and the profit-taking ratio Set Stop Loss to break even: true, 2% - once we reached the break even, it is a common practice to not risk our money anymore, the value is set to the same value as the trailing stop loss Trade Filter: Uptrend - we only start trades if the big trend is an uptrend in the expectation that it will continue after a small correction Display settings: those will not influence the trades, feel free to change them to your needs Trend calculation - Fine Tuning: 1/1,5/0,05; influences the internal calculation for highs and lows and how significant they need to be to be considered a new high or low; the default values will provide you nicely calculated trends in the daily time frame; if there are too many or too few lows and highs according to your taste, feel free to play around and immediately see the result drawn to the chart; read the manual for a detailed description of this values Note that you can (and should) configure the general trading properties like your initial capital, order size, slippage and commission.
Pine Script™ strategy
by QuattroTrader
Breadth Indicators NYSE Percent Above Moving AverageBreadth Indicators NYSE - transmits the processed data from the Barchart provider NYSE - Breadth Indicators S&P 500 - Breadth Indicators DOW - Breadth Indicators RUSSEL 1000 - Breadth Indicators RUSSEL 2000 - Breadth Indicators RUSSEL 3000 - Breadth Indicators Moving Average - 5, 20, 50, 100, 150, 200 The "Percentage above 50-day SMA" indicator measures the percentage of stocks in the index trading above their 50-day moving average. It is a useful tool for assessing the general state of the market and identifying overbought and oversold conditions. One way to use the "Percentage above 50-day SMA" indicator in a trading strategy is to combine it with a long-term moving average to determine whether the trend is bullish or bearish. Another way to use it is to combine it with a short-term moving average to identify pullbacks and rebounds within the overall trend. The purpose of using the "Percentage above 50-day SMA" indicator is to participate in a larger trend with a better risk-reward ratio. By using this indicator to identify pullbacks and bounces, you can reduce the risk of entering trades at the wrong time. Bull Signal Recap: 150-day EMA of $SPXA50R crosses above 52.5 and remains above 47.50 to set the bullish tone. 5-day EMA of $SPXA50R moves below 40 to signal a pullback 5-day EMA of $SPXA50R moves above 50 to signal an upturn Bear Signal Recap: 150-day EMA of $SPXA50R crosses below 47.50 and remains below 52.50 to set the bearish tone. 5-day EMA of $SPXA50R moves above 60 to signal a bounce 5-day EMA of $SPXA50R moves below 50 to signal a downturn Tweaking There are numerous ways to tweak a trading system, but chartists should avoid over-optimizing the indicator settings. In other words, don't attempt to find the perfect moving average period or crossover level. Perfection is unattainable when developing a system or trading the markets. It is important to keep the system logical and focus tweaks on other aspects, such as the actual price chart of the underlying security. What do levels above and below 50% signify in the long-term moving average? A move above 52.5% is deemed bullish, and below 47.5% is deemed bearish. These levels help to reduce whipsaws by using buffers for bullish and bearish thresholds. How does the short-term moving average work to identify pullbacks or bounces? When using a 5-day EMA, a move below 40 signals a pullback, and a move above 60 signals a bounce. How is the reversal of pullback or bounce identified? A move back above 50 after a pullback or below 50 after a bounce signals that the respective trend may be resuming. How can you ensure that the uptrend has resumed? It’s important to wait for the surge above 50 to ensure the uptrend has resumed, signaling improved breadth. Can the system be tweaked to optimize indicator settings? While there are various ways to tweak the system, seeking perfection through over-optimizing settings is advised against. It's crucial to keep the system logical and focus tweaks on the price chart of the underlying security. RUSSIAN \ Русская версия. Индикатор "Процент выше 50-дневной скользящей средней" измеряет процент акций, торгующихся в индексе выше их 50-дневной скользящей средней. Это полезный инструмент для оценки общего состояния рынка и выявления условий перекупленности и перепроданности. Один из способов использования индикатора "Процент выше 50-дневной скользящей средней" в торговой стратегии - это объединить его с долгосрочной скользящей средней, чтобы определить, является ли тренд бычьим или медвежьим. Другой способ использовать его - объединить с краткосрочной скользящей средней, чтобы выявить откаты и отскоки в рамках общего тренда. Цель использования индикатора "Процент выше 50-дневной скользящей средней" - участвовать в более широком тренде с лучшим соотношением риска и прибыли. Используя этот индикатор для выявления откатов и отскоков, вы можете снизить риск входа в сделки в неподходящее время. Краткое описание бычьего сигнала: 150-дневная ЕМА на уровне $SPXA50R пересекает отметку 52,5 и остается выше 47,50, что задает бычий настрой. 5-дневная ЕМА на уровне $SPXA50R опускается ниже 40, сигнализируя об откате 5-дневная ЕМА на уровне $SPXA50R поднимается выше 50, сигнализируя о росте Обзор медвежьих сигналов: 150-дневная ЕМА на уровне $SPXA50R пересекает уровень ниже 47,50 и остается ниже 52,50, что указывает на медвежий настрой. 5-дневная ЕМА на уровне $SPXA50R поднимается выше 60, сигнализируя о отскоке 5-дневная ЕМА на уровне $SPXA50 опускается ниже 50, что сигнализирует о спаде Корректировка Существует множество способов настроить торговую систему, но графологам следует избегать чрезмерной оптимизации настроек индикатора. Другими словами, не пытайтесь найти идеальный период скользящей средней или уровень пересечения. Совершенство недостижимо при разработке системы или торговле на рынках. Важно поддерживать логику системы и уделять особое внимание другим аспектам, таким как график фактической цены базовой ценной бумаги. Что означают уровни выше и ниже 50% в долгосрочной скользящей средней? Движение выше 52,5% считается бычьим, а ниже 47,5% - медвежьим. Эти уровни помогают снизить риски, используя буферы для бычьих и медвежьих порогов. Как краткосрочная скользящая средняя помогает идентифицировать откаты или отскоки? При использовании 5-дневной ЕМА движение ниже 40 указывает на откат, а движение выше 60 указывает на отскок. Как определяется разворот отката или отскока? Движение выше 50 после отката или ниже 50 после отскока сигнализирует о возможном возобновлении соответствующего тренда. Как вы можете гарантировать, что восходящий тренд возобновился? Важно дождаться скачка выше 50, чтобы убедиться в возобновлении восходящего тренда, сигнализирующего о расширении диапазона. Можно ли настроить систему для оптимизации настроек индикатора? Хотя существуют различные способы настройки системы, не рекомендуется стремиться к совершенству с помощью чрезмерной оптимизации настроек. Крайне важно сохранить логичность системы и сфокусировать изменения на ценовом графике базовой ценной бумаги.
Pine Script™ indicator
by A-Shternkuker
Market Average TrendThis indicator aims to be complimentary to SPDR Tracker , but I've adjusted the name as I've been able to utilize the "INDEX" data provider to support essentially every US market. This is a breadth market internal indicator that allows quick review of strength given the 5, 20, 50, 100, 150 and 200 simple moving averages. Each can be toggled to build whatever combinations are desired, I recommend reviewing classic combinations such as 5 & 20 as well as 50 & 200. It's entirely possible that I've missed some markets that "INDEX" provides data for, if you find any feel free to drop a comment and I'll add support for them in an update. Markets currently supported: S&P 100 S&P 500 S&P ENERGIES S&P INFO TECH S&P MATERIALS S&P UTILITIES S&P FINANCIALS S&P REAL ESTATE S&P CON STAPLES S&P HEALTH CARE S&P INDUSTRIALS S&P TELECOM SRVS S&P CONSUMER DISC S&P GROWTH NAS 100 NAS COMP DOW INDUSTRIAL DOW COMP DOW UTILITIES DOW TRANSPORTATION RUSSELL 1000 RUSSELL 2000 RUSSELL 3000 You can utilize this to watch stocks for dip buys or potential trend continuation entries, short entries, swing exits or numerous other portfolio management strategies. If using it with stocks, it's advisable to ensure the stock often follows the index, otherwise obviously it's great to use with major indexes and determine holdings sentiment. Important! The "INDEX" data provider only supplies updates to all of the various data feeds at the end of day, I've noticed quite some delays even after market close and not taken time to review their actual update schedule (if even published). Therefore, it's strongly recommended to mostly ignore the last value in the series until it's the day after. Only works on daily timeframes and above, please don't comment that it's not working if on other timeframes lower than daily :) Feedback and suggestions are always welcome, enjoy!
Pine Script™ indicator
by syntaxgeek
11
Elliott Wave Scanner - HAP [PRO] ▶Elliott Wave Scanner This is an added feature of the wave drawing version, but this version is used for scanning multiple currency pairs simultaneously, based on the custom list you have specified as your preferred ones, making it more convenient for you. This : ════════════════════════ This will be an adjustment of the number bars to be similar to the version in the drawing wave, with the only difference being that this version will be a scan of multiple waveforms simultaneously, including the input data format. It is recommended to only change the numbers, maintaining the original structure to avoid any errors, as demonstrated in the example below. This is a valid example.👇 Wave0= (21), Wave1= (13), Wave2= (8), Wave3= (21), Wave4= (13), Wave5= (34), WaveA= (13), WaveB= (8), WaveC= (21) **Kindly note to specify the numerical sequence of each wave. Parentheses should always be preceded by a comma and conclude on the final line without one. ════════════════════════ ▶Let's take a look at the different parts of the scanned version. ════════════════════════ 🎯 Bringing in the RSI to help make decisions, as referenced in the book by "Jason Perl". if the market is advancing as part of a bullish HAP WAVE up sequence, then the RSI should remain above `40` during corrective setbacks for HAP WAVEs 2 and 4. Similarly, if the market is declining as part of a bearish HAP WAVE down sequence, then the RSI should remain beneath 60 during corrective for HAP WAVEs 2 and 4 For example, an uptrend in Wave tends to cause an RSI divergence between Wave 5 and Wave 3. When Wave 5 exceeds Wave 3, the RSI is often seen at Wave 5, which is lower than Wave 3.
Pine Script™ indicator
by hapharmonic
36
Seasonality DOW - Day Of the Week - Tabular FormUse this indicator on Daily Timeframe This indicator displays the seasonality data for any instrument (index/stock/ futures /currency) in a tabular data by day of the week - DOW ( Sun - Mon - Tue - Wed - Thu - Fri - Sat ). User can change the start of the year for analysis from the inputs. Year is represented in rows and Day of the week (DOW) is represented in cols. This indicator uses Daily Data feed to calculate the % change Summary data for DOW displayed as the last row
Pine Script™ indicator
by ILuvMarkets
9
Dow Jones Stocks : Pivot : ScreenerWith the Dow Jones Stocks Pivot Screener, you can scan a list of the 30 stocks / companies included in the Dow Jones Industrial Average index in real-time. By using the indicator, you can monitor pivot breakouts and enter trades based on them. As soon as the DJIA Index list is updated, I will update this List The indicator includes three types of pivots . Classic, Fibonacci, and Standard. You have the option to select between Daily, Weekly, and Monthly time frames as well
Pine Script™ indicator
by tradingcube
7
Dow Theory Trend Direction VisualizerJapanese below / 日本語説明は下記 Overview What is difficult for beginner traders is to identify trend occurrence, continuation and reversal. This indicator visualizes market direction by changing background colors based on Dow Theory so that traders can visually grasp trends. Sample chart Functions 1.MTF Higher High/Lower High/Higher Low/Lower Low(HH/LH/HL/LL) Indicator shows HH/LH/HL/LL of an upper timeframe(MTF) and those of chart’s timeframe at the same time. As usual, HH/LH/HL/LL of chart’s timeframe can be used to identify trend continuation based on Dow Theory while MTF HH/LH/HL/LL can be used as support/resistance. Auto and manual mode for MTF When you select “Auto” mode, then an upper timeframe will be automatically determined as MTF based on chart’s timeframe. If “Manual “ mode selected, then you need to specify MTF timeframe. MTF HH/LH/HL/LL are displayed only below the selected MTF timeframe so it will not disturb when you open higher timeframe. For instance, if you select daily timeframe as MTF, then HH/LH/HL/LL of daily timeframe will be shown on 4 hour or below timeframes. Auto and manual mode for MTF When you select “Auto” mode, then an upper timeframe will be automatically determined as MTF based on chart’s timeframe. If “Manual “ mode selected, then you need to specify MTF timeframe. MTF HH/LH/HL/LL are displayed only below the selected MTF timeframe so it will not disturb when you open higher timeframe. For instance, if you select daily timeframe as MTF, then HH/LH/HL/LL of daily timeframe will be shown on 4 hour or below timeframes. Sample chart (AUDJPY 4H + Daily timeframe HH/LH/HL/LL ) In this chart, you can see two different timeframe’s trend. In 4hour timeframe, a new high recorded as HH and in daily timeframe, lows going up from LL to HL and high going up from LH to HH hence daily chart is uptrend. Also, you can predict that Daily HH would be respected as resistance line. 2.Visualize trends direction with colors based on HH/LH/HL/LL. Background color will change based on break up/down of HH/LH/HL/LL. ——————— トレードを習得する上で多くの人が苦手意識を持つ「目線付け」。 この目線付けをダウ理論を元に訓練するためのインジケーターを開発しました。 高値·安値の更新状況に応じて相場の方向性を色で可視化するため、視覚的に目線付けをすることが可能です。 サンプルチャート ダウ理論による目線付けの二つの方法 これは僕の持論ですが、ダウ理論による目線付けの方法には、「トレンドは明確なシグナルが出るまで継続する」という原則を共通の拠り所とする二つの方法があると考えています。 一つは日本人投資家/トレーダーにも良く知られている押し安値·戻り高値を基準とする方法。そしてもう一つは高値·安値の切り上げ·切り下げのみを基準とする方法です。 このインジケーターは後者の方法で目線を可視化します。 (もちろん押し安値·戻り高値と併用した目線判断にも活用可能です。) 機能 1.上位足とチャートの時間軸両方のHigher High/Lower High/Higher Low/Lower Low(HH/LH/HL/LL)の表示(MTF機能) 上位足タイムフレームのHH/LH/HL/LLとチャートタイムフレームのHH/LH/HL/LLを同時に表示することができます。 チャートタイムフレームのHH/LH/HL/LLはダウ理論に基づくトレンドの継続・反転の判断用に、上位足のHH/LH/HL/LLは上位足での高値・安値の切り上げ/切り下げ判断及びレジスタンス・サポートとして使うことができます。 上位足の選択には自動モードとマニュアルモードが選択可能です。自動モードを選択した場合、チャートのタイムフレームに応じて上位足が自動的に決定されます。マニュアルモードの場合は選択した時間軸が上位足タイムフレームとして適用されます。 上位足のHH/LH/HL/LLは選択したタイムフレーム未満でのみ表示されます。例えば上位足のタイムフレームとして日足を選択した場合、日足のHH/LH/HL/LLは日足未満でのみ表示されます。 サンプルチャート (AUDJPY 4H に日足のHH/LH/HL/LL を表示) このチャートでは二つの異なるタイムフレームの高値・安値更新状況を一度に把握することができます。 4Hでは高値の切り上げが発生しているため、安値を更新しなければ上昇トレンド確定です。一方日足では安値がLLからHLへ(赤の矢印)、高値がLHからHHへと切り上がり(緑の矢印)、上昇トレンドであることがわかります。 また、この場面では上位足のHHがレジスタンスとして機能する可能性も予測できます。 2.目線の方向を色で可視化 HH/LH/HL/LLの更新状況から目線を判断し、背景色とともに可視化します。 Higher High/Lower High/Higher Low/Lower Lowとは何か？ 日本人投資家/トレーダーの中にはあまり馴染みのない方もいるかと思いますので、定義を記載します。 Higher High(HH) 切り上がった高値を意味します。当インジケーターでは一つ前の高値(HH/LH)から切り上がった場合にHHとしています。 Lower High(LH) 切り下がった高値を意味します。Lower Highなのでより低い方の高値という意味です。当インジケーターでは一つ前の高値(HH/LH)から切り下がった場合にLHとしています。 Higher Low(HL) 切り上がった安値を意味します。Higher Lowなのでより高い方の安値という意味です。当インジケーターでは一つ前の安値(HL/LL)から切り上がった場合にHLとしています。 Lower Low(LL) 切り下がった安値を意味します。当インジケーターでは一つ前の安値(HL/LL)から切り下がった場合にLLとしています。 使い方 高値·安値の切り上げ·切り下げの判断及びトレンド継続·転換の判断に活用
Pine Script™ indicator
by FX365_Thailand
52
[CADCHF] DinhChienFX's Predict signaltrend: crossing 2 times upper 2/lower 2 - stop/profit: 1/1 - Entry: Upper/lower 1, Entry 2: 0.66 (66%) HH-HL/LL-LH: 15:15; ADX: 38, smooth: 9, DI: 9. Order 1: 92 trades - 65.22% - R/R: 1/1 Order 2: 64 trades - 54.02% - R/R - 1/1.94 (fibonacci 66%) Total 2 order: 156 trades - 59.62% - Net Profit: 201.46% - Max drawdown: 9.02%. Commission: 4usd/trade slippage: 2 1. Identify the trend * On the chart: a. Part of Dow theory: multi-trades active at the impulse waves. Uptrend trend: - HH / Higher High: The following peak is higher than the previous one . - HL / Higher Low: The back bottom is higher than the previous one . Downtrend: - LL / Lower Low: The back bottom is lower than the previous one . - LH / Lower High: The posterior peak is lower than the previous one Pivot left: 15 Pivot right: 15 b. Keltner price channel: - Uptrend: Go above Upper 2 two times - Downtrend: Down to Lower 2 two times * Under Chart: ADX indicator: Used to identify a strong trend - ADX smooth: 9 - DI: 9 - ADX = 38 2. Entry point: - Buy: Buy limit at the Upper Keltner channel. - Sell: Sell limit at the Lower Keltner channel. 3. Take profit, stoploss ATR indicator (20) ( Average true range ) * 2
Pine Script™ strategy
by dinhchien
JD's ApolloJD Apollo Indicator is a two-part algorithm that is designed for the 5m, 15m and 30m on the US30. How to use; When the baseline is tending and the confirmation indicators are also in alignment, an alert will be produced. Take the trade for 2x ATR (shown on-screen) or run a trailing stop to best effect. There are a number of rules baked into the code to try and eliminate as many fake signals as possible. This algorithm is a combination of several indicators but has trend continuation at its heart. When to trade The grey shaded area shows the best times to trade and the purple shaded shows the times when the NYSE is open. With both timeframes, wait for the bar to close and place a pending order with a 3 pip gap from the high or low of the candle. JD Apollo in action How to Access Gain access to JD Apollo for your TradingView account through our website, links below. 7 day paid trials, subscriptions and lifetime access are all available. All tiers give you full instructions on how to trade this strategy.
Pine Script™ indicator
by refjamie
JD's Apollo ConfirmationsJD Apollo Confirmations Indicator is used as the confirmation indicators for a number of other algorithms. This has been specifically designed for Indicies, namely the US30. How to use; When the bars align, it means the price is heading in the direction of alignment. This indicator is intended to be used as a confirmation indicator for other algorithms for best effect. This algorithm combines a number of indicators with specifically tested and chosen settings that have shown to work on a number of timeframes. How to Access Gain access to JD Apollo Confirmations for your TradingView account through our website, links below. 7 day paid trials, subscriptions and lifetime access are all available.
Pine Script™ indicator
by refjamie
2
Dow to Gold RatioDisplays as an indicator the Dow to Gold Ratio. Rules of this long-term trade: The Dow-to-Gold ratio is guide for when to get in and out of stocks. When the ratio goes below 5, we buy equal shares in the Dow Jones Industrial Average index (the Dow). When the ratio goes above 15, we sell the Dow and buy gold. In other words, when the entire Dow can be bought for five ounces of gold, we buy stocks. When it takes 15 ounces or more to buy the Dow, we sell stocks and buy gold. Over the past 100 years, you would have made a total of six trades based on this strategy.
Pine Script™ indicator
by Bjzon
4
(DJI)Dow Jones Industrial 30 Volume IndicatorThis is my "(DJI)Dow Jones Industrial 30 Volume Indicator" using PSv4.0 freely available to ALL! The title literally "sums" up what this is. This came about by a response from another member inquiring about volume in DJI on TV. After further consideration, I decided to add all of those volumes up, nicely wrapped, into a multicolored package in order to have this available for those who wish to use it. I provided a wide assortment of vibrant color schemes to choose from, for anyone who may have vision impairments. Surprisingly, this script is very resource intensive on the TV cloud, so it may take a while to initially load. I optimized this script as much as humanly possible while including other beneficial features listed below. Features List Includes: Enable/disable dark background for enhanced visibility Color schemes (all displayed above) Transparency control Colorize by candle color - (close - close) Moving average "type" option with multiple selections Adjustable moving average period The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script™ indicator
by ImmortalFreedom
1
Dow Factor Relative Strength IndexThis script was written to create a new, rapid relative strength index inspired by the Dow Theory. More info about Dow Theory : www.investopedia.com According to the Dow Theory, volume should confirm market trends. The correlation coefficient between prices and volume is negative in weakening trends and negative trends , positive in strengthening or positive trends.a factor was formed based on the correlation coefficient between volume and prices. This factor was added to the relative strength index. Period 5 is selected because the volume is very volatile and can be slow. You can use the period you want, but I recommend the period as a minimum of 5. It is suitable for all instruments and timeframes and thanks to its design, it provides control over gradual buying and selling points. I haven't fully tested it, it's open to updates. For now, just use it to create ideas. If I find it necessary, I'll update after the tests. If you have suggestions on these issues, Leave your comments in the comment window. This code is open source under the MIT license. If you have any improvements or corrections to suggest, please send me a pull request via the github repository github.com Stay tuned , best regards.
Pine Script™ indicator
by Noldo
11
Volatility FilterOver the past few weeks (as of today, which is: 12th of October 2018) there has been little to no volatility in most of the major cryptocurrencies. What volatility does come in comes and goes very quickly. It's difficult to discern good and bad moments to be in a trade. As a result I decided to create a volatility filter based on Hurst exponent market phases, Bollinger Band width, moving averages, volume and the average true range. The results are the above. You can use this indicator against any asset or within any market. It actually reaps excellent results against the DJI and XAUUSD One of my suggested uses for it is if you're scalping, only enter a position when there is volatility (when there's no background color present). If you're swinging, only enter a position when there's low volatility (when the red background color is present). Another way to use it (although this isn't intended, just incidental) is to take a position in the direction of the first bar after the red background has gone/after low volatility has passed. So if we get a declining candle when we exit a low volatility zone, short. Otherwise long. This is the experimental side of it though. However, this indicator won't tell you what direction to trade in, so in order to get use from it I suggest having a trend filter and a trigger. Luckily these two things are in most traders' arsenal. If not, take a look at my other script which is a timelessly brilliant trigger for buying and selling: Something else to consider is that the volatility is relative. If we go through a period of incredibly high volatility then afterwards we can sometimes expect the volatility filter to plot a red background even though there is still acceptable volatility left in the market. The volatility at that point is much less than the volatility beforehand. With all that said, this easy-to-read tool will help you avoid flat periods when scalping and, conversely, help you determine good times to enter a swing trade. For those who had difficulty trading the markets as of late due to volatility, this indicator is perfect for you Access to the filter is provided for 10$, payable in most low-transaction-fee cryptocurrencies. Access is limited to 250 customers. For more information message me through TradingView or message @overttherainbow through Telegram. Have a nice day and good luck trading.
Pine Script™ indicator
by overttherainbow
1
Simple RSI-MA Algo Beats DOW By Huge Margin Over Past 100 Years!This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 Dow = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net profit + open P/L = +43,349% = 6.31% CAGR Notice how the algorithm dodged both the 30s' Great Depression and the 2008 Crisis. Pretty cool huh? :) ALGORITHM'S FORMULA (use weekly chart): Buy/Cover = MA10(RSI10) cross> 50 Sell/Short = MA50(RSI10) cross< 50 STRATEGY TESTER'S SETTINGS: - Initial cash = $10,000 - Pyramiding disabled - Re-investment enabled (order size = 100% of equity ) - Trade re-calculations disabled DISCLAIMER: None of my ideas and posts are investment advice. Past performance is not an indication of future results. This strategy was constructed with the benefit of hindsight and its future performance cannot be guaranteed.
Pine Script™ strategy
by Stable_Camel
5
DOW / GOLD RatioThis indicator shows the ratio between the DJIA and the price of gold. When the ratio is below 5 it is generally accepted that a rotation from commodities to equities should be investigated. When the ratio is above 30 it is, likewise, advised to consider rotating from equities to commodities. This is a modest improvement of the script to mark the key thresholds where equities/commodities holdings rotations could be prudent. I’m sure I’ll be submitting a number of instances of these scripts as I learn the syntax and features while developing them.
Pine Script™ indicator
by gurple