This is a tool generally I use for trend health and would recommend users to use it on daily time frame. I have different sorts of tools that I used manually but now I am trying to code my manual strategies. This is one of the tools that I have used over 7 years or so and still very effective for swing trading. Detailed trading strategy based on this tool is...
As the name suggests, this is desgined to work best in trending markets. A great tool designed for experienced discretionary traders who are well familiar with reading the markets and putting things into context. This tool is something similar inspired by Turtle traders. Upper and lower lines are certain bars look back period, user can modify numbers according...
This is a tool generally I use for trend health and would recommend users to use it on daily time frame. I have different sorts of tools that I used manually but now I am trying to code my manual strategies. This is one of the tools that I have used over 7 years or so and still very effective for swing trading. Detailed trading strategy based on this tool is...
This indicator show higher high + higher low and lower high + lower low -> based on RSI modification. HOW I USE On a longsetup I set a buyorder on the high, if the RSI swings show red the first time. My stoploss I choose on the lowest price from the red swing before. After every ending bar without tradeentry I move the buyorder step by step on the last high...
The original code and strategy was developed by "realjumper" for Metatrader 4: www.forexfactory.com The 5-15 Genesis Strategy and Genesis Summary PDF www.forexfactory.com EMA is configured as follows: Length: 5 Source: hlc3 Offset: 2 Please always remember, there is no holy grail indicator!
ITekSignal Trading System helps you identify trend reversals — quickly and accurately. There’s a price action pattern that occurs in every market and on every time-frame. This price pattern shows a fight for balance, between seller and buyers… When the pattern is completed, that means the fight for balance has ended. And you’d know which side has won: Seller...
Swing Finder V.1.0 Find major and minor swings Customizable lookback periods Great for drawing Fibonacci levels Filter out minor retracements determined by your own parameters!!
This indicator alert study attempts to detect confirmed Swing points. It uses Bollinger Band centre line crosses as the main signal. The main detection occurs by looking for the first BB centre line cross that was initiated from outside the Bollinger Channel (alternatively KC channel can be used). The optional HullMA (any any other MA pair) are used to confirm the...
This is a diversified Binary Option or Scalping Alert indicator originally designed for lower Time Frame Trend or Swing trading. Although you will find it a useful tool for higher time frames as well. The Alerts are generated by the changing direction of the ColouredMA (HullMA by default), you then have the choice of selecting the Directional filtering on these...
This is based on two well known Bill Williams Fractal and Alligator strategies. The following code is an implementation is similar to reversal strategy specified here: forexwot.com and another well know Alligator break out strategy. This was achieved by combining some of the ideas from two other indicators: True Williams Alligator (SMMA) by the_batman ...
Great if you want to see a shift in trend or want to ride long/ short positions longer. Green/ Yellow - indicate upper range. Red/ Orange - indicate lower range. Study the graph with this indicator and you learn more.
This script idea is designed to be used with 10pip brick (recommended) Renko charts. It combines the Renko price action with a directional coloured EMA (default length 6) and a RMI (instead of the usual RSI) indicator to provide entry and exit signals. RMI is bit like RSI with a built-in momentum factor and works well with Renko. Signals can optionally be...
20 Day Fade from MarketGeeks, I like the idea!. This indicator only looks at daily bars, regardless of what timeframe you are using. We look for a new 20 day low that closes within the 25th percentile of it's daily range. We also want our security to be in an uptrend. Finally we are looking for the next day closing price (or current price) to be atleast 2% above...
With this indicator, which plots the swing chart of the 3 degrees, swing traders can automate their work of tracking the right bars. How it works: Minor Degree (one bar) (gray)= If the current high is higher than the previous high or the current low is lower than the previous low. Intermediate Degree (two bar) (baby blue)= If the current high is higher...