[STRATEGY][UL]QQE Cross v1.1Updated by request: this is a "Strategy" trading version of the "QQE Cross Indicator Alert v2.0 by JustUncleL" (which is mainly for Binary Options trading), the same BUY/SELL signals are used to generate trade entry and exit conditions. Thanks again to JayRogers for making the Strategy risk management easier to understand and implement.
In this update I have added "Take Profit" option and cleaned up the risk management code. Also changed the close BUY/SELL order if EMA20 direction changes rather the next BUY/SELL opposite signal, making the close earlier.
BE ADVISED TO USE AT YOUR OWN RISK, even though back testing has shown good results, I don't have any Forex trading account to forward test against. You need to perform these test yourself and get back to me if there is any issues.
Trendtrading
QQE Cross Indicator Alert v2.0 by JustUncleLThis version of the indicator makes a distinction between the types of QQE cross alerts on the chart and now only recommends the Thresh Hold channel exit crosses for BUY/SELL alerts, the other two types of crosses are still there to provide pre-warning of pending BUY/SELL alerts. Also only the BUY/SELL alerts are filtered by Moving Average Filter and/or the new Directional filter (default). The default settings in this version have also been changed, particularly the Moving Averages, to indicate trend changes quicker.
Indicator Project Description:
*** This is a trend following indicator alert that uses fast QQE crosses with Moving Averages for trend direction filtering. QQE or Qualitative Quantitative Estimation is based on the relative strength index, but uses a smoothing technique as an additional transformation. Three crosses can be selected (all selected by default):
RSI signal crossing ZERO (XZERO)
RSI signal crossing Fast RSIatr line (XQQE)
RSI signal exiting the RSI Threshhold Channel (BUY/SELL)
The (BUY/SELL) alerts can be optionally filtered by the Moving Average Combo:
For BUY alert the Close must be above the fast MA and
fast MA (EMA8) > medium MA (EMA20) > slow MA (SMA50).
For SELL alert the Close must be below the fast MA and
fast MA (EMA8) < medium MA (EMA20) < slow MA (SMA50).
and/or Directional filter (default filter):
For BUY alert the Close must be above the slow MA (SMA50) and the directional MA (EMA20) must be green.
For SELL alert the Close must be below the slow MA (SMA50) and the directional MA (EMA20) must be red.
The XZERO and XQQE are not included in the filtering, they are used to indicate pending BUY/SELL alerts, particularly the XZERO.
Note: I have found the XQQE cross can also be quite good alert for BUY/SELL as well, particularly in direction of current trend. The XZERO I have found to be totally unreliable for BUY/SELL alerts.
This indicator should work on any currency pair, most chart timeframes and expiry in 3 to 6 candles for binary option trading. For hourly or longer charts expiry can be longer for binary options, or if available use standard forex trading techniques
Some Hints for using this indicator:
Avoid taking trades in non-trending market, this is normally indicated by a near Horizontal SMA50 line.
Avoid trading when all the moving averages are close together.
When trading 1min and 5min charts, expiry should set to 1-3 candles.
Avoid trading when market choppy, this is normally indicated by the fast EMA8 crossing the EMA20 back and forwards quickly.
High probability trades tend to occur when you get a XQQE followed by a XZERO and then BUY/SELL in the same direction of trend.
Don't trade near nor directly on any major market news (sometime better no trade day).
Please practise this system in DEMO first, before committing any real money. Be patient the more you practise the better and more confident you will be.
I hope you enjoy this indicator, it has proven very effective for me.
Parabolic GlitterThis indicator overlays a series of Parabolic Stop And Reverses (SARs) to continuously illustrate trends as they form in addition to a range of good possible levels at which to place stop orders.
The Initial Start argument gives the minimum value for the SAR function's "Start" argument. The Increment/Start Ratio argument gives the ratio of the SAR function's "Increment" and "Start" arguments (i.e. SAR default is Start = 0.02, Increment = 0.02, therefore Increment/Start Ratio = 1). The same logic applies to the Max/Start Ratio Argument (i.e. SAR default is Start = 0.02, Max = 0.2, therefore Max/Start Ratio = 10).
The Adaptive Coloring argument determines whether the plotting points are red in downtrends and green in uptrends, or if all the plotted points are given the same color (defaults to silver).
ROC TideAdds some depth to the traditional rate of change (ROC) indicator. Instead of just having one ROC line with a single lookback period, this takes a minimum lookback period, n , and plots 20 ROC lines with lookback periods of n, 2n, 3n, ..., 20n . These lines will appear green when greater than zero, red when less than zero, and yellow when equal to zero by default.
Then it plots the average of those 20 ROC's as a yellow filled area so as to make it easier to see where the balance (or "tide") of the ROC waves are located.
Heiken Ashi zero lag EMA v1.1 by JustUncleLI originally wrote this script earlier this year for my own use. This released version is an updated version of my original idea based on more recent script ideas. As always with my Alert scripts please do not trade the CALL/PUT indicators blindly, always analyse each position carefully. Always test indicator in DEMO mode first to see if it profitable for your trading style.
DESCRIPTION:
This Alert indicator utilizes the Heiken Ashi with non lag EMA was a scalping and intraday trading system
that has been adapted also for trading with binary options high/low. There is also included
filtering on MACD direction and trend direction as indicated by two MA: smoothed MA(11) and EMA(89).
The the Heiken Ashi candles are great as price action trending indicator, they shows smooth strong
and clear price fluctuations.
Financial Markets: any.
Optimsed settings for 1 min, 5 min and 15 min Time Frame;
Expiry time for Binary options High/Low 3-6 candles.
Indicators used in calculations:
- Exponential moving average, period 89
- Smoothed moving average, period 11
- Non lag EMA, period 20
- MACD 2 colour (13,26,9)
Generate Alerts use the following Trading Rules
Heiken Ashi with non lag dot
Trade only in direction of the trend.
UP trend moving average 11 period is above Exponential moving average 89 period,
Doun trend moving average 11 period is below Exponential moving average 89 period,
CALL Arrow appears when:
Trend UP SMA11>EMA89 (optionally disabled),
Non lag MA blue dot and blue background.
Heike ashi green color.
MACD 2 Colour histogram green bars (optional disabled).
PUT Arrow appears when:
Trend UP SMA11<EMA89 (optionally disabled),
Heike ashi red color.
Non lag MA red dot and red background.
MACD 2 colour histogram red bars (optionally disabled).
HINTS:
- Good positions occur when MACD crosses the Zero line.
- Switch between Heikin Ashi and Normal candles as part of your analysis of the price action.
- Large Heikin Ashi candles with small wicks in direction of trend are good strong trends.
Guth_3X_ConfirmThis indicator has three built in indicators based on the SMA of HIGH, SMA of LOW, and Stochastic. The baseline indicator is the retreats after departures from SMA of HIGH and LOW.
The first time a HIGH that is above the SMA HIGH has a lower HIGH but it still above the SMA HIGH, a (-) will appear at the bottom. This signals an aggressive entry point for potential coming downtrend. The second time the HIGH produces a lower high but is still above the SMA HIGH, a (S) will appear at the bottom which signals a more conservative entry point for potential coming downtrend. All of the opposite information is true of reversals beyond the SMA LOW.
When these reversals appear the same time the Stochastic is overbought or oversold, a red bar (overbought and potentially coming down) or a green bar (oversold and potentially coming up) will appear. NOTE: Aggressive symbols occur more often and will always occur when a conservative symbol appears. When a conservative indicator and respective overbought/oversold level occur at the same time, the bar is darker in color.
You can enter positions at any one of the indicators, however, the darker bars are what I look for. This has a high success rate but cannot guarantee results every time. I recommend adjusting the SMA, and Stoch parameters as well as time periods. I have had success with this indicator while day trading the 5, 10, 15, 30, 65 minute periods as well as daily and weekly periods. Every symbol traded can provide differing results based on the parameters used.
Please feel free to leave feedback and I know this can work well for you!
5X EMA Trend Follower////////////////////////////////////////////////////////////
// Copyright by Randalll.com v1.0 09/03/2016
// This indicator provides 5 Exponential Moving Averages.
// Works well on 1D,4H,1H TF
// To be used with traditional trend following strategies.
// Example
// If 50/100/200 trending in same direction. Then buy/sell
// with trend direction. Use PA, pinbar, news catalyst
// or pullback to 50E for Entry signal.
// Use 2x ATR for SL, set no TP. Ride the trend to the end.
// Exit when 10 crosses 20, or 20 crosses 50
// in volitile markets.
// As always use at your own risk and stay awesome.
// by randalll.com
////////////////////////////////////////////////////////////
study(title="5X EMA Trend Follower", overlay=true)
short1 = ema(close, 10)
short2 = ema(close, 20)
long1 = ema(close, 50)
long2 = ema(close, 100)
long3 = ema(close, 200)
plot(short1, color = green)
plot(short2, color = red)
plot(long1, color = blue)
plot(long2, color = purple)
plot(long3, color = black)
Traders Dynamic Index Indicator Alert v0.1 by JustUncleLThis is a trend trading indicator+alert utilising the Traders Dynamic Index (TDI), Price Action Channel (PAC) and Heikin Ashi candles.
About 6months ago I came across the use of TDI in "E.A.S.Y. Method" that I found in forexfactory forums: www.forexfactory.com
and I was able to set up a chart based on the specifications by using Kurbelklaus scripts. However, I found that the alerts were being generated one or two bars too late, so at that time I was not successful using it with Binary Options. A few months later I found a variation of the method in the forecfactory forums which is able to generate the alerts a bit earlier, so this indicator is a modification of that early detection version.
The indicator can optionally use Heikin Ashi candles only for all it's calculation. I would recommend viewing the chart with Heikin Ashi candles, these smooth out the trends and makes trends very clear.
I found that this method it works good with most currency pairs or commodities and with 5min+ timeframe charts. I would suggest expiry of 2 to 6 candles.
ALERT GENERATION:
=================
The TDI (Traders Dynamic Index)
---------------------------------------------
Volatility Band VB(34), color: Blue, buffer: UpZone, DnZone
Relative Strength Index RSI(13)
RSI PRICE LINE (2), color: Green, buffer: mab
RSI TRADE SIGNAL LINE (7), color: Red, buffer: mbb
MARKET BASE LINE MID VB(34), color: Orange, buffer: mid
Indicator SignalLevels:
-------------------------------
RSI_OversoldLevel : 22 (normally: 32)
RSI_OverboughtLevel : 78 (normally: 68)
Alert Conditions:
-----------------------
Strong Buy : yellow
Medium Buy : aqua
Weak Buy : blue
Strong Sell : fuchsia
Medium Sell : purple
Weak Sell : black
Hints on How to use:
----------------------------
- When a Medium or Strong alert is generated and MACD histogram colour matches the direction
of the alert (optional auto filter), then place trade in direction of alert candle and MACD.
- I use the multi-Hull MA's for overall trend direction confirmation.
- Best positions normally occur near the MACD(5,15,1) Histogram crossing the zero line.
- The optional coloured Dots along the bottom of the indicator represent the first alert
of this type that was generated in this sequence.
- It is advisable to trade in the direction of the main trend as indicated the HULL MA red cloud:
if red cloud underneath PAC then BULLISH trend, if red cloud above PAC then BEARISH trend.
- Selecting the HeiKin Ashi candles does affect the MACD and MA caculations, so if you select
normal candles the result chart will change. You can still Optionally select to use Heikin Ashi
for calculations.
- When using the Heikin Ashi candles, a good buy entry is indicated by long top wick and no bottom wick
for bull (green) candles and good sell entry is indicated by long bottom wick and no top wick for
bear (red) candles.
- When the MACD histogram is flat and close to zero line,
this indicates a ranging market, do NOT trade when this occurs.
- When the PAC channel on the main chart is spread apart widely, this is an indication
of extreme volatility and choppy chart, do NOT try to trade during these periods.
A choppy chart is also indicated by Heikin Ashi candles with long wicks on both sides
of the candles.
- You can specify what strength level Alerts are generated (default 2):
Level (1) means only generate Strong Alerts only.
Level (2) means generate Strong and Medium Alerts.
Level (3) means generate Strong, Medium and Weak Alerts.
Trend LengthScript tries to capture the length of trends. It calculates an SMA and then determines the slope of the SMA using a simple momentum function. From there it counts bars from when the slope changed directions last. The lime green line is the count from when the slope changed. The yellow line is the average time of a trend. The white line is "trying" to capture the length of a full healthy pip running trend. Pick and SMA you like and then run through many currencies. I find that trends tend to be the same length. Not surprising as the markets are extremely correlated to each other. The trick is to find the most active pair for action. To do that look up my Pairs Range script.
Comments are welcome.
Market Meanness Index-Price ChangesThis is the Market Mean index. It is used to identify if the market is really trending or if it is range bound(random). In theory, a random sample will be mean reverting 75% of the time. This indicator checks to see what how much the market is mean reverting and converts it to a percentage. If the index is around 75 or higher than the price curve of the market is range bound and there is no trend from a statistical standpoint. If the index is below 75 this means the price curve of the market is in fact trending in a direction as the market is not reverting as much as it should if it were truly following a random/range bound price curve.
ZeroLag ema + adx = trueCombined LazyBears ZeroLag EMA and CapnOscars moving average ADX. Here's the result.
I figured it could be used as a trend trendtrading system,
ADX red + ema cross downards = short.
ADX green + ema cross up = long.
ADX black + ema cross = no trade
Or something along those line. A way filter out whipsaws.
This is just something I threw together in 5 min, so din't go all in tho. Haven't had time to test.
2 ADX
3 Z-EMAs
Colors/settings can be customized.
Trend FilterThe indicator paints the bar colours based on the average open and average close for past N days.
if average close is above average open, the bars are coloured green, otherwise they are coloured red
It can be used as a general trend filter on weekly, daily bars. even on intraday timeframes, this would work well and give a sense of the current trend direction.
GetTrendStrategyA simple strategy is to determine the trend. Do not use it for real-time transactions. Use it as a Reaffirmation trade entry.
Moving Average Cross Alert, Multi-Timeframe (MTF) (by ChartArt)See when two moving averages cross. With the option to choose between four moving average calculations:
SMA = simple moving average
EMA = exponential moving average (default)
WMA = weighted moving average
Linear = linear regression
The moving averages can be plotted from different time-frames, like e.g. the weekly or 4 hour time-frame using HL2, HLC3 or OHLC4 as price source for the calculation. In addition there is a background color alert and arrows when the moving averages cross each other when the price also rises or falls. And the moving averages are colored depending on their trend direction (if they are trending up or down).
ZTLs Percentage-based Renko EmulatorHere is another version of my Flex Renko script. It is uses percentage-based brick sizes to draw the Renkos instead of ATR or static brick sizes. What makes the percentage-based drawing style great is that one doesn't need to adjust stops so many times like they would with a ATR based Renko. It also makes moving between tickers smooth as well as one doesn't have to adjust the brick-size for each name.
to use: By default the setting is ".001" or 10 basis points. So ".01" is 1 percent or 100 basis points and so-forth. This style is perfect for those traders who make trades on a percentage basis over a price-level basis. It's also good for percentage-based stops.
The yellow lines represent where the price needs to go to draw another Renko brick.
ZTLs Bar_TrendHere is an adaptation of TTM_Trend I coded. It's all pretty self explanatory. Aqua = buy and red = sell.
There's only one setting to tweak and it's the look-back for highest and lowest.
I have found that this indicator gives signals at almost identical areas to the TTM_Trend but tend to actually be a little more efficient (earlier buy/sell signals), although I haven't thoroughly back-tested it.
Enjoy!
Please comment below if you have any questions.
Flex Renko Emulatorupdate:
As far as my algorithm design will take me this is it. So It's complete in my eyes. Here is a "working" version of something I've been looking for for a long time: "Flex" Renko Charting.
Bricks' sizes are determined by ATR and are set by simply choosing a resolution for the ATR calculation. No need to go in and choose renko granulation(resolution) AND brick size. Renko granulation is current chart resolution. Feel free to send me feedback on how to manage the reversal bricks' calculation or any other thoughts and ideas.
Replace the "close" in the main body of the renko calculation with 'high' and 'low' to get more consistent paintings across different aggregations since renkos aren't technically based off closing prices but where the price has been. Of course it's all a matter of preference:
Brick1 = high >
nz(Brick1) + BrickSize ? nz(Brick1) + BrickSize : low <
nz(Brick1) - BrickSize ?
nz(Brick1) - BrickSize
: nz(Brick1)
