Hello All, This is backtesting result of following indicator/strategy. I didn't work on adding other indicators. maybe in the future I can try to combine this with other indicators. You can visit following link to see "Pivot Point SuperTrend" . by using this backtesting tool, you can test&find better options There is option "Use Center Line to Close Entry...
When the market is giving the signals for bullish trend, which shows the shorter period exponential(20) moving average crossing the longer period moving average(50), with a strength shown in the market i.e. RSI greater than 40. So when all these conditions are met a buy signal is generated in output (Output of Ema cross and Rsi) having value as 1. So a trader can...
=========== Moving Average Compendium (16 MA Types) =========== A selection of the most popular, widely used, interesting and most powerful Moving Averages we can think of. We've compiled 16 MA's into this script, and allowed full access to the source code so you can use what you need, as you need it. ----------- From very simple moving averages using...
The strategy uses 2 moving averages. Fast and slow. SMA or EMA - the user can select. Moving averages are needed to identify the direction of the trend. Trend If both moving averages are directed upwards, it 's uptrend. If both moving averages are pointing down, it 's downtrend. If the moving averages are directed in different directions, the trend has not...
Presenting a an indicator based around a Donchian Channel. The panel has 7 rows where each cell can be either green (long), red (short) or gray (nothing). Suggestion: Enter (on your own risk...) a trade when all columns have the same color; Exit when any, but the top, column switch color. The Panel consists of the following, from top to bottom: 1. Price hits...
Moving Average based strategies are very popular ones among both long-term investors and short-term traders as they can be tailored to any time frame. One of the main moving average strategies are crossovers. The very simple type is a price crossover , which is when the price crosses above or below a moving average to signal a potential change in...
This my new solid strategy: if you belive that "TREND IS YOUR FRIEND" this is for you! I have tested with many pairs and at many timeframes and have profit with just minor changes in settings. I suggest to use it for intraday trading . VERY IMPORTANT NOTE: this is a trend following strategy, so the target is to stay in the trade as much as possible. If your...
Trend Template for short/medium/long term trading. Kindly use this along with other indicators. Concept is simple "Buy the strength i.e. winners, sell the weakness i.e. losers" //1. Current Price is above 150 and 200 day avg //2. 150 day moving avg is more than 200 day avg //3. 50-day moving avg is above 150-day and 200-day moving average //4. current price is...
This script is based on Angela, an RLT trading LEGEND. The green line=10ema, red=20ema. The green triangle shows up when the buy signal is triggered. This script also has a BUY ZONE alert that can be setup as well.
Indicates long or short positions based on the crossing of price with a moving average. Different moving average types are available. There is a tolerance parameter to filter out false breakouts.
Strategy to open long/short positions based on the crossing of 2 different moving averages. Both moving averages are highly configurable: length, source, and moving average type can be changed.
A simple calculation and plotting of the slope of a Moving Average. You'll be amazed looking at how accurate it is signaling early entries and exits from trend follower positions, just by applying some basic TA to it (support, resistance, trend lines). Have a look: In the settings, you can choose to use it on EMA on SMA, and the length of the MA involved. I...
The aim of this codes is show moving support and resistance lines according to the desired periods. Also there is Triple exponential moving average in the codes. You can use this codes for top and bottom formations. Best Regards.
Hello All, There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more. The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower...
Indicator based on the Concept created by Bo Williams. But unlike the original that uses MIMAs, EMAs are used here. Exponential moving averages will be shown according to fractal alignment, in order to show the important support and resistance levels ( SAR ). When the fractals are aligned to become support, we will have the EMA in the graph with a bright...
When designing filters it can be interesting to have information about their characteristics, which can be obtained from the set of filter coefficients (weights). The following script analyzes the impulse response of a filter in order to return the following information: Lag Smoothness via the Herfindahl index Percentage Overshoot Percentage Of Positive...
This script implements the Binary Logic Trading (BLT) algorithm to calculate a score from 0 to 7. This score is calculated assigning a power of 2 weight to the positive sign of 3 Phi^3 distant EMAs' slopes. The largest EMA slope positive sign receives weight 4, the middle length EMA slope positive sign receives weight 2 and the shortest EMA slope positive sign...