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Mattzab ArrowsMattzab Arrows THE BASICS Buy and Sell Signal Arrows Tack Marks to show how close the next opposite arrow might be- showing possible trend reversals Standard Bollinger Bands 10-Day SMA Line Configurable Open Source THE NITTY GRITTY For starters, all values listed below can be changed in the settings. Length of time, as well as source, can be changed. For the Hidden EMA, this can be made visible by increasing its transparency. ARROWS The buy and sell signal arrows are based on price and MACD histogram. The MACD settings are as follows: 10 day fast EMA , 20 day slow EMA , 5 day SMA signal smoothing. Instead of close price, we are using the average point of the day's high, low, and close. For the arrows, current price and yesterday's price are using hl2 for high/low average. A BUY arrow is created when: Current Price IS GREATER THAN Previous Price _AND_ Current MACD Histogram IS GREATER THAN Previous MACD Histogram. Important Note! Because the MACD Histogram repaints, the buy arrows may appear, then disappear later in the day, if the MACD changes. Check on the changelog to see if I've fixed it by the time you're reading this. (TradingView doesn't let you edit the description after it's been posted) A SELL arrow is created when: Current Price IS LESS THAN Previous Price _AND_ Current MACD Histogram IS LESS THAN Yesterday's MACD Histogram _AND_ Close Price is below _EITHER_ the Hidden EMA (default set to 4) _OR_ the Visible SMA (Default set to 10, which is the black line). The hidden EMA can be made visible by increasing it's transparency in the Style tab. Including the requirement to only sell if the standard conditions are met, PLUS being below one of those moving average lines, helps to prevent false sell arrows and repainting. TACK MARKS The Red Tack is the threshold, or barrier, for the next arrow. It will not move. It is based on previous High/Low/Close Price + MACD. The Blue Tack is the current point in space for our average Price and MACD Delta Values. It will move throughout the day (or hour or minute depending on your resolution). The Blue Tack will give you an indication of how close or how far from the reversal threshold (Red Tack) the ticker is at that point. While the Blue Tack is ABOVE Red, the most recent signal arrow will be a buy, and we are in a buy/hold period. While the Blue Tack is BELOW Red, the most recent signal arrow will be a sell, and we are in a sell/wait period. If the Blue Tack crosses above or below Red, you'll get the next arrow. MOVING AVERAGE LINES There are three moving average lines in this indicator. The first is black, and is by default a 10-Day Simple Moving Average Line. This black line is a good safeguard against selling too early. This is a good support line and that's how I use it. The second is invisible, but can be made visible in the Styling, and is by default a 4-Day Exponential Moving Average Line The third is the blue 20-Day Bollinger Band line. BOLLINGER BANDS The Bollinger Bands are unmodified and are just a background indicator for your use. If you prefer not to see the Bollinger Bands , change their transparency to 0% to hide them. I've cleaned up the Bollinger Bands to make the indicator as a whole- easier on the eyes. Please leave feedback on how the script works for you, if you run into problems, if you have any changes you'd like to see, etc.
Pine Script™ indicator
by mattzab
6
RSI Binary StrategyAnother basic strategy most people learn at the beginning of their trading carreer (like me) is the RSI strategy. This is an adaptation of the built-in RSI strategy for use in binary options. Who knows, maybe one day i will graduate to CFD trading, but my time for trading in general is limited at the moment and I am very much still at the beginning of this entire topic. The rather specific values for the RSI bounds and length I saved have been developed for the EURUSD short term (5min.) interval, giving the highest amount of winning vs. loosing trades as of the publishing date of this script, which is the only important factor for binary options in my understanding. Use at your own risk. Feel free to comment, give me pointers and/or recommendations.
Pine Script™ strategy
by twoflower
11
MULTIPLE TIME-FRAME STRATEGY(TREND, MOMENTUM, ENTRY) Hey everyone, this is one strategy that I have found profitable over time. It is a multiple time frame strategy that utilizes 3 time-frames. Highest time-frame is the trend, medium time-frame is the momentum and short time-frame is the entry point. Long Term: - If closed candle is above entry then we are looking for longs, otherwise we are looking for shorts Medium Term: - If Stoch SmoothK is above or below SmoothK and the momentum matches long term trend then we look for entries. Short Term: - If a moving average crossover(long)/crossunder(short) occurs then place a trade in the direction of the trend. Close Trade: - Trade is closed when the Medium term SmoothK Crosses under/above SmoothD. You can mess with the settings to get the best Profit Factor / Percent Profit that matches your plan. Best of luck!
Pine Script™ strategy
by tux
4
[NM] EMADiff v01 - an indicator for everyone !Allright gang, we are here with a new indicator that should help you with determining the direction to trade or whether you should trade at all. It uses the close of the candle and 2 EMAs. The faster moving line is the difference between the close and the Slow EMA, while the slower moving line shows the difference between the Fast EMA and the Slow EMA. There are a couple of ways you can use this indicator, depending on your trading style : For the quick profit, in and out : - enable the safer trading option and keep smoothing at the default setting, buy when both lines are green, sell when both line are red and get out when one of the lines changes color (or when profit target is reached) (see the top option) For longer trades : - you can increase the smoothing, use a higher Slow EMA and disable the Safer trading option, enter either when both lines have the same color, either on a crossover. (the bottom option) In both cases, if both lines hover around the zero line, the trend is definitely not strong. Much more options are available so I would love to hear how you use this indicator. A thumbs up if you like it would be highly appreciated :) Works nicely together with my other indicators below : To add this indicator (or any other) to your chart, click the "Add to favorites" button. Then while having the chart you wish to apply it to open, click on Indicators > Favorites > EMADiff v01 (or any other indicator that you favorited.
Pine Script™ indicator
by Nico.Muselle
26
Entry pointsThis great and simple indicator based on EMA generates information about entry points at close of the candle. First signal is the best entry point but you can re-enter at the next. IMPORTANT: this script does not generate exit signals and those shoud be find using money management rules or else. Perfectly catches long runs in trends at all underlayings (forex, stocks, indexes, commodities) at all timeframes. Period=100 works best independently on timeframe but I encourage you to try other. Lower period gives more incorrect signals and shorter runs, higher period gives you late entry and less. Ofcourse it gives false signals from time to time but fortunately it makes a correction very fast. Try it! Good luck and good traiding!
Pine Script™ indicator
by hotowy
12
vdubsoxI've been asking for this concept for a while, a simple MA that rides the top side of the trend instead of the bottom, and by accident came across the 'Hull ma' on a TV blog post. I've added another two simple Moving averages to act as strength indicator with close proximity to the price. The strategy is simple MA cross over but with the early indication using Hull ma gives you a heads up on trend / price reversal. I'm using this in conjunction with BB set at 34. on a 1/3/5 min charts & Heiken Ashi to smooth out the noise with awesome success trading Binary options.
Pine Script™ indicator
by vdubus
15