This indicator was originally developed by Paul L. Dysart in the 1930s and then described and popularized by Norman G. Fosback in his book "Stock Market Logic: A Sophisticated Approach to Profits on Wall Street".
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This is the version of the demarker I use to trade, I think think it is originally based off of /u/hpotter's work (which is obviously based off of the work of Tom DeMarker) but I have added some things - most usefully in my opinion, the ability to highlight areas of low and high volatility.
These signals require the previous bar to close above or below the...
A user has asked for the Study/Indicator version of this Strategy.
If you encounter the error "loop....>100ms" simply toggle the eye icon to hide and unhide the indicator
The following is simply quoted from my previous post for your convenience: (obviously there won't be risk, Stop Loss, or Take profit parameters!)
The strategy is based on...
Signal alert Long & Short
Real-time signal is not accurate.
The past signals are clean and tidy at the exact time.
Do not refresh page within (1m) time frame for a few minutes and you will notice that the signals are moving!!
High probable Long Setups for any time frame and asset.
75+ win rate
Trailing stop always used as exit point
To trade only with the trand - enable MAs in the Inputs tab
x - means Entry signal is active and waiting for long validation
B - on a closed bar is entry signal for long
C - on a developing bar is exit long signal
Green line - long validation line. must...
I don't expect to iterate any further on this script, unless any weird issue crops up.
Description and usage detailed in the comments at the top of the script. Cheers!
To repaint or not to repaint, all the relevant sources are exposed as inputs for customisation - so the choice is yours.
This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling...
Indicates "strong bars" similar to how Al Brooks defines them in his book-- these don't necessarily trigger entries but can be points of interest.
2-3 points as a signal bar size seems to work well, depending upon volatility.
Combines SuperTrend with Stochastic Oscilator to provide entry and exit signals.
Offers 3 types of entry signals with an option to color ideal entry bars.
- Entry after SuperTrend flip confirmation.
- Entry at over bought/oversold levels respective to the trend.
- Entry at the 50% stochastic level following trend direction.
Offers two types of exit signals.