Page 4 | Trend Line Break — Indicators and Strategies

Trend Direction Helper (ZigZag and S/R and HH/LL labels)Hey everyone First of all, I'd like to thank Ricardo Santos, Backtest Rookies for the inspiration for this script. Actually, most of it is coming from them and I only mixed them up (and added my secret sauce ^^). If some of you are not thinking about a trading secret sauce, please get serious for a moment :) Some of you asked me how I do to set the trend direction. You all understood that if you get an UP label, then the price should go up and vice-versa for down. But it's not so easy to define the good signals for each asset and each timeframe. I'm going to repeat what I said yesterday because ... well... that's what trading is about So quoting myself here "The inputs set by default will have to be changed for your asset/timeframe and can't be generic for everything. You have to play with the inputs until the signals will make sense to you The indicator/strategy with a unique configuration that you'll never check or update according to the market condition DOES NOT exit. " BUT... a bit of patience and practice and you might do wonders. The Method I never realized until now but by connecting the higher highs/lower lows, I was drawing zigzag lines. The Zig Zag Master is Ricardo Santos . Please give him a follow, he's awesome For those who don't want to draw on the chart or (my preferred choice) need some inspiration to define your trend directions, this script is for YOU (and your family, your pet, your girlfriend/boyfriend, ...) I think that each asset/timeframe chart has its own history. What worked in a post could work in the future. In that regard, if a trend direction worked in the past, that's the parameter that I'll use to trade with it in a demo account and make sure it's relevant. If not then I will adjust If you're trading with new indicators or a new method right away on your real trading account, you're gonna have a bad time imgflip.com Lines EVERYWHERE The script draws the classical horizontal pivots + the zig zag lines + the Higher Highs/Lower Lows label in just 1 script. I'm very excited to share a script (on which I coded 100 lines out of 500) but no one else did it The horizontal pivots part are coming from Backtest Rookies For more security, you can add a pullback on a moving average after getting a signal. Pullbacks are necessary to limit any eventual loss or maximize your gains by getting in the trend sooner. I really give you a solid method and a great script in my opinion. 6 years of experience given away for FREE :p (when Dave will start thinking as a business man instead :O) Does it repaint ? Getting this question twice a day. You guys are obsessed with the repainting :) Short answer, yes because it will calculate the pivots and zig zags whenever new higher highs/lower lows will be formed. However, the trend direction code is based on the candle close so it shouldn't repaint. If it does, please let me know See you all on Monday Love you all Dave ____________________________________________________________ Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too) - If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python Disclaimer: Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you. Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur. Trading also involves risks of gambling addiction. Please notice I do not provide financial advice - my indicators, strategies, educational ideas are intended to provide only some source code for anyone interested in improving their trading The proprietary indicators and strategies developed by Best Trading Indicator, the object of intellectual property rights are and remain the exclusive property of Best Trading Indicator, at the exclusion of images and videos and texts free of rights or provided by the Company or external legal or physical person. No assignment of intellectual property rights is carried out through these Terms and Conditions. Any total or partial reproduction, modification or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of the Company.

QuantNomad - SuperTrend - XBTUSD - 1m Interesting performance for Super Trend strategy for XBTUSD 1m chart. Params: ST Mult: 2, ST Period 14. Performance: 144% profit, 1988 trades, only 41% prof, 2.04% dd , 2.51 Sharpe. On its own, it might be not a very good strategy, but the big amount of trades allows you to add more filters and improve it. And remember: Past performance does not guarantee future results.

QuantNomad - SuperTrend - TSLA - 1m Interesting performance for Super Trend strategy for Tesla ( TSLA ) 1m chart. Params: ST Mult: 3, ST Period 120. Performance:61% profit, 637 trades, only 33% prof, 4.84% dd , 0.4 Sharpe. On its own, it might be not a very good strategy, but the big amount of trades allows you to add more filters and improve it. The strategy is not bad both with "when" params when strategy executed on open of next bar and with stop orders when strategy enters on exact Super Trend level. You can comment/uncomment lines in the code and switch from one approach to another. And remember: Past performance does not guarantee future results.

Higher High Lower Low Strategy (With Source Code)This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points. Generally HH and HL shows up-trend, LL and LH shows down-trend. If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically. If you use smaller numbers for left/right bars then it will be more sensitive. source code of :

Supertrend collector Hello traders This is an example of how you can add multiple indicators into a unique one In this instance, I added two supertrend multitimeframes and draw them on a different timeframe chart Enjoy David

MA Extension This indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken (signalling the start of a bullish correction) that corresponds to the highs of the chart. The logic behind this indicator is that the breakouts of trendlines of an assets difference from an MA will precede corresponding breakouts of trendlines drawn on raw price. Kind of like Momentum, except it takes trend into account. Momentum has the same leading feature when it comes to drawing trendlines , but trendlines will be harder to draw due to the Momentum indicators oscillatory behavior.