This is a companion script to the PineCoders Backtesting-Trading Engine. It illustrates how to build a signal plot in another script, which can in turn be fed in the Engine to provide entry, exit, filter and stop information.
Connection to the Engine is done through its “External Indicator” input field at the very bottom of the Engine’s Settings/Inputs.
Easy Wave Tunnel
Wavy Line ;
ema34 3 lines = High, Close , Low
Tunnel Line ;
ema144 , close and ema169, close
5 Rules to use WaveTunnel
1. Wavy Lines and Tunnel Lines are the natural Resistant and Support line.
2. Price above both Wavy & Tunnel = Uptrend , Price below both Wavy & Tunnel = Downtrend
3. Break Wavy Line , price run to Tunnel Line
This is a simple tool that gives traders a simple visual representation of Volume-Weighted Moving Average ( VWMA ) crossovers that is pretty similar to the MACD . We don't typically trade solely based on the VWMA , but it is definitely one of our go-to tools when combining multiple indicators.
When trading with VWMA's, it is common to enter a position when the...
Directional Movement Oscillator is simply the difference of Di+ and Di- which helps traders to see the crosses of BUY/SELL signals more effectively.
Di+ crosses above Di- when indicator crosses above 0 which can be considered as a BUY signal.
and conversely Di+ crosses below Di- when indicator crosses below 0 which can be considered as a SELL...
Moving average adapting to the strength of the trend, this is made possible by using the square of the vertical-horizontal filter as a smoothing factor. Alerts are included with two different types of conditions available to the user.
Length : Period of the moving average
Src : Input data for the indicator
Alerts : Types of conditions to be used...
Simple script that checks for gaps in price from CME. tickerid(x, y, sess) doesn't seem to be applying correctly for the ticker specified at the moment so there are a couple of 'gaps' peppered on lower timeframes.
Gaps are legitimate price levels to look as a support or resistance. The theory is that volume needs to be gap filled, but I currently believe it's an...
Added Fractals which establishes high and low based on Bill Williams definition. Added one type of Pinbar (where the open and close is near extreme of the range and with long shadow that is at least 80% of the range). It is a powerful reversal pattern especially on the daily charts. These bars are identified with the character P. Also included dots below...