This strategy is based on two sets of Williams Alligator indicators, taking crossovers and crossunders of the two pairs of lips as the main entry signal with confluence from the Donchian Cloud. The first Alligator used is set to the standard 13/8/5 lengths found in the standard indicator. The second Alligator is multiplied tenfold (10x) to 130/80/50 with the...
A "macro score", as defined here, is created by giving various weights to different signals and adding them together to get one smooth score. Positive or negative values are assigned to each of the signals depending on if the statement is true or false (e.g. DPO > 0: +1, DPO < 0: -1). This manner of strategy allows for a subset of the available signals to be...
This indicator contains a set of 5 Donchian channels (upper, lower, and basis plotted) defaulted to lengths of 25, 50, 100, 150, and 200. A set of conditions associated with the channels aims to determine ranging versus trending markets. Weights are given to these conditions accordingly, then tallied up to determine the "cloud score", ranging between -25 and 25....
Welcome to Super 8, the ultimate automatic trading script for Pine! This bad boy is designed to go both long and short, and it's equipped with all the tools you need to maximize your profits. Whether you're looking to take profit, set a trailing stop, or protect yourself with a stop loss, Super 8 has you covered. But that's not all! Super 8 is also loaded...
This indicator combines the McGinley Dynamic and Donchian Channels by taking the lowest and highest values over a set length (defaulted to 14) then applying the McGinley Dynamic math to these values. The upper range is denoted by a green line while the lower range is denoted by a red line. Additionally, standard deviations of 1, 2, and 3 have been put in place...
How does it work? - The indicator detects the highest and lowest price level in the last x periods every time prices advance by x periods. - From these values, retracement (0.618, 0.786) and expansion levels (1.272, 1.618, 2, 2.618, 3.14, 3.618, 4.236) are obtained. - Since the symmetrical counterpart of the retracement levels is used, there are two of each of the...
Advanced Donchian Channels displays future donchian channel values based on the current information on the chart. It displays a normal donchian channel at the specified user length with the future values extending from the current bar. Depending on the direction of price movement, these values do not repaint. It is known when it does and does not repaint, and the...
🌊 Donchian Channels with Middle Line, Limits and Shadows | by Octopu$ Donchian Channels are three lines generated by Moving Average calculations. These lines formed by upper and lower bands around a midrange or median band. The Upper Band marks the Highest price of a security over X periods of time. While the Lower Band marks the Lowest price over the same...
Hi, it's been a while since I posted a script. This script basically puts the principle of convergence and divergence first. (The Bollinger Band on the main chart is for reference) The cRSI will move within the range of 0-100 just like the normal RSI Along with that, there is a Donchian channel that will be the main activity area of the cRSI If you know the...
This is a combination of all the price chart indicators I frequently switch between. It contains my day time highlighter (for day trading), multi-timeframe long-term trend indicator for current commodity in the bottom right, customizable trend EMA which also has multi-timeframe drawing capabilities, VWAP, customizable indicators with separate settings from the...
Standard Donchian Channels, this includes a Trend EMA which can be configured and the channels will use to give buy and sell signals. The channels are also colored in such a way to indicate a trend reversal. My favorite part that sets this apart from others is, if using the bClose option (which I recommend you do) the trend will not reverse until there is a close...
SUPERTREND MIXED ICHI-DMI-VOL-GAP-HLBox@RL by RegisL76 (lebourg.regis@free.fr) This script is based on several trend indicators. * ICHIMOKU (KINKO HYO) * DMI (Directional Movement Index) * SUPERTREND ICHIMOKU + SUPERTREND DMI * DONCHIAN CANAL Optimized with Colored Bars * HMA Hull * Fair Value GAP * VOLUME/ MA Volume * PRICE / MA Price * HHLL BOXES All...
Double Jurik-Filtered Composite Fractal Behavior (CFB) Channels is a channel indicator that acts as both a baseline, similar to Donchian, and as support and resistance levels. This indicator is price time adaptive meaning it flexes to price volatility waves. The indicators adaptive nature is calculated using the Composite Fractal Behavior (CFB) algorithm. The...
Rolling ATR Channel (Expo) is a sophisticated indicator that identifies the underlying trend as well as identifies ATR based trading ranges. In a trending market, the price will be within the Upper or Lower band. If the market is in a trading range , the price will bounce between the upper and lower ATR zones, until the price breaks through and creates a new...