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Pivot Highs&lows: Short/Medium/Long-term + Spikeyness FilterShows Pivot Highs & Lows defined or 'Graded' on a fractal basis: Short-term, medium-term and long-term. Also applies 'Spikeyness' condition by default to filter-out weak/rounded pivots ES1! 4hr chart (CME) shown above, with lookback = 15; clearly identifying the major highs & lows on the basis of how they are fractally 'nested' within lesser Pivots. -- in the above chart Short term pivot highs (STH) are simply represented by green 'ʌ', and short-term pivot lows (STL) are simply represented by orange 'v'. //Basics: (as applying to pivot highs, the following is reversed for pivot lows) -Short term highs (STH) are simple pivot highs, albeit refined from standard with the 'spikeyness' filter. -Medium-term highs (MTH) are defined as having a lower STH on either side of them. -Long-term highs (LTH) are defined as having a lower MTH on either side of them. //Purpose: -Education: Quick and easy visualization of the strength or importance of a pivot high or low; a way of grading them based on their larger context. -Backtesting: use in combination with other trading methods when backtesting to see the relative significance and price sensitivity of LTHs/LTLs compared to lower grade highs and lows. //Settings: -Choose Pivot lookback/lookforward bars: One setting, the basis from which all further pivot calculations are done. -Toggle on/off 'Spikeyness' condition to filter-out weak/rounded/unimpressive pivot highs or lows (default is ON). -Toggle on/off each of STH, MTH, LTH, STL, MTL, LTL; and choose label text-styles/colors/sizes independently. -Set text Vertically, horizonally, or simply use 'ʌ' or 'v' symbols if you want to declutter your chart. //Usage notes: -Pivots take time to print (lookback bars must have elapsed before confirmation). Fractally nested pivots as here (i.e. a LTH), take even longer to print/confirm, so please be patient. -Works across timeframes & Assets. Different timeframes may require slightly tweaked lookback/forward settings for optimal use; default is 15 bars. Example usage with just symbolic labels short-term, med-term, long-term with 1x, 2x and 3x ʌ/v respectively:
Pine Script™ indicator
by twingall
20
Setup for Short Term Investment using RSI&ADX. High success rateThis is a very simple script which gives reliable signals for buying and selling in short term. I came across this strategy a long time before in some website and coded it here. I had been using this for a long time and made good profits. Idea is very simple, a buy call is triggered when RSI is greater than 75 and ADX is greater than 25. Sell call is triggered when RSI is lesser than 25 and ADX is again greater than 25. To remove false signals I always use it with EMA(close,8) which is also included as part of the code. The ideal chart resolution is 1 day, below this the indicator is not reliable. Haven't tested this indicator for anything other than daily chart. Refer the snapshots for more details.For any queries, please comment or PM me.
Pine Script™ indicator
by MuthiahM
5
MPT - MEDIAN PRICE TRADING - custom forex indicator MPT is a unique custom indicator i created to enter a trade with the right timing This indicator catches the momentum of a Forex pair and tells you when to enter It's based on the idea that when the median price in the current timeframe is crossing the median price of the higher timeframe, the momentum is changing and that is an opportunity to trade red line is median line of current timeframe (default is 1D) aqua line is projection of past median line on higher timeframe (default is 1W) white crosses can be used as a trail stop values to follow a trend when red cross aqua up the background is green and so momentum of the pair is up when red cross aqua down no background color and momentum down You can try this indicator for a limited period, just ask for access in comments If you want unlimited access you can PM me Trading is a risky business, use it at your own risk. I'm not responsible for any profit or loss
Pine Script™ indicator
by Lollo22
27