Reversal candles are a very easy way to identify a turn in trend, this indicator has some specific additional conditions for the reversal candle.
BUY Signal reversal candle
Low of current candle exceeds low of previous candle
Low of current candle is lowest for last 7 candles
High of current candle exceeds high of previous candle
Close of current candle is...
Example how to limit the number of round trips per day. If entry condition is never met logic will force a round trip at end of day. Set chart to a timeframe that is lower than 1 Day period.
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and...
Yet another Array indicator, simple, but efficient which i call ADO. The indicator acts as a COUNTER of when CLOSE closes above OPEN and vice versa based on specified look back period in settings.
If we have more Closes above Opens, obviously the indicator will be above ZERO and GREEN, otherwise RED.
Optional to smooth it by EMA (true by default).
Like if you...
Katana Gaps Bounty Hunter (KGB_Hunter) by RagingRocketBull 2018
This indicator shows/counts/filters gaps on a chart
There are several versions: Simple, Pro and Zones. This is the Simple version. The Differences are listed below.
- Simple: shows/counts gaps, changes color based on gap dir (2 colors), filters out price gaps within session, large gaps,...
An interesting experiment to make an indicator act as a counter. I call it CCH - Close Counter Histogram.
It adds 1 when current close is higher than previous close and reduces -1 when current close is lower than previous close.
In the CCH settings you set how many bars to look back and use EMA to smooth the results or disable EMA smoothing.
Disable the EMA...
A while ago I published a Candle Counter strategy that got quite some attention. Unfortunately it didn't work for all charts for some reason, so I decided to rewrite it. The result is, to me, astonishing. Judge for yourselves!
The strategy is based on a momentum gauge designed for lower timeframes. In the current iteration, trades are very conservative and closed quickly.
In a future version, I've planned to implement dynamic take profit and stoploss levels for ultimate accuracy and maximized profit:drawdown ratio.
The strategy is specifically made for ETH and works best on the...
Mark the limits that should be used to star a Impulse Reverse trade. A Impulse Reverse trade is a counter-trend type of trading that uses the rubber-band concept.
A rubber-band trade is a type of trade that looks for strong directional price movement. Every stock has its unique combination of parameters that best fit a rubber-band trade, the default parameters...
Our Tradingview representation of our strategy. Trend-Following techniques combining analysis of buying and selling on fractals, entering low-risk positions at counter-trend points, and trailing-stop orders along moving averages.
Red/Green circles indicate counter-trend entry positions. These are not lagging and form on the...