Combo Backtest 123 Reversal & N Bars Down This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Evaluates for n number of consecutive lower closes. Returns a value
of 1 when the condition is true or 0 when false.
WARNING:
- For purpose educate only
- This script to change bars colors.
Reversal
[blackcat] L1 Swing Reversal IndicatorLevel: 1
Background
Many asked me about swing reversal indicators. There are many but less of them can guarantee high win rate. Because market is complex, the reversals can be nested together, which means sub level reversals will be contained in higher level waves. This can be well explained by Elloit wave theory.
Function
Here it is a simple moving average based swing reversal indicator as an example for many others to improve it. Although it simple, it could be very powerful to dedicated trading pairs in specific time frame. One can adjust N1~N4 as SMA peiords from short to long to customized this indicator or even by trying different moving average types to enhance its accuracy.
Key Signal
N1~N4 --> SMA look back periods
OB --> Overbought Threshold
OS --> Oversold Threshold
Pros and Cons
Simpe but powerful. More feedbacks are appreciated.
Remarks
Easy to be customized or integrated to your trading system.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Combo Backtest 123 Reversal & MovROC (KST indicator) This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator really is the KST indicator presented by Martin Pring.
the KST indicator is a weighted summed rate of change oscillator that
is designed to identify meaningful turns. Various smoothed rate of change
indicators can be combined to form different measurements of cycles.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Moving Average Envelopes This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Moving Average Envelopes are percentage-based envelopes set above and
below a moving average. The moving average, which forms the base for
this indicator, can be a simple or exponential moving average. Each
envelope is then set the same percentage above or below the moving average.
This creates parallel bands that follow price action. With a moving average
as the base, Moving Average Envelopes can be used as a trend following indicator.
However, this indicator is not limited to just trend following. The envelopes
can also be used to identify overbought and oversold levels when the trend is
relatively flat.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & MA Displaced EnvelopeThis is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Moving Average Displaced Envelope. These envelopes are calculated
by multiplying percentage factors with their displaced expotential
moving average (EMA) core.
How To Trade Using:
Adjust the envelopes percentage factors to control the quantity and
quality of the signals. If a previous high goes above the envelope
a sell signal is generated. Conversely, if the previous low goes below
the envelope a buy signal is given.
WARNING:
- For purpose educate only
- This script to change bars colors.
Whole NumbersThis is a simple indicator for the whole numbers.
It breaks down every pair for 10 pips.
Its also simple and nice to use
Combo Backtest 123 Reversal & Money Flow Indicator This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Indicator plots Money Flow Indicator (Chaikin). This indicator looks
to improve on Larry William's Accumulation Distribution formula that
compared the closing price with the opening price. In the early 1970's,
opening prices for stocks stopped being transmitted by the exchanges.
This made it difficult to calculate Williams' formula. The Chaikin
Oscillator uses the average price of the bar calculated as follows
(High + Low) /2 instead of the Open.
The indicator subtracts a 10 period exponential moving average of the
AccumDist function from a 3 period exponential moving average of the
AccumDist function.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Modified Price-Volume Trend This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The related article is copyrighted material from
Stocks & Commodities.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & MASS Index This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The Mass Index was designed to identify trend reversals by measuring
the narrowing and widening of the range between the high and low prices.
As this range widens, the Mass Index increases; as the range narrows
the Mass Index decreases.
The Mass Index was developed by Donald Dorsey.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Martin Pring's Special K This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Pring's Special K is a cyclical indicator created by Martin Pring.
His method combines short-term, intermediate and long-term velocity
into one complete series. Useful tool for Long Term Investors
Modified for any source.
WARNING:
- For purpose educate only
- This script to change bars colors.
The WWG Plan Indicator V2█ OVERALL
This indicator was specifically created for the Walsh Wealth Group.
In short it is a fusion of some of the most basic and widely used indicators to show overbought patterns and trend reversals.
Its best usage is with LTF scalping and agressive profit taking but can also be used to find HTF dips and buy-zones.
█ FEATURES
Buy Signal (Buy):
Printed only with all confirmations triggered
Small Buy Signal (B1 & B2)
Printed if some of the confirmations are triggered and can be treated as DCA entries or for further
confirmation with other indicators and basic TA.
Crayons (Color Bars):
Blue: RSI is oversold
Olive: RSI and Stoch RSI are oversold
Yellow: RSI, Stoch RSI are oversold and lower Bollinger Bands are crossed by Low
Orange: RSI, Stoch RSI and CCI are oversold
Trailing SL:
If activated in the config, a trailing SL can be displayed on the chart based on ATR.
█ SETTINGS
The underlying indicators used are RSI, Stoch RSI, Bollinger Bands, MACD and CCI.
All possible configs can be changed in the config settings.
█ GENERAL INFORMATION
Depending on the settings, the indicator performance will be highly affected.
This indicator is only displaying highly oversold areas and events of trend reversal it is not a *God*-Signal and will print false positives.
█ ALERTS
An alert for the main buy-signal is implemented and can be used via the TV alert functionality.
Combo Backtest 123 Reversal & Market Facilitation Index This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The Market Facilitation Index is an indicator that relates price range to
volume and measures the efficency of price movement. Use the indicator to
determine if the market is trending. If the Market Facilitation Index increased,
then the market is facilitating trade and is more efficient, implying that the
market is trending. If the Market Facilitation Index decreased, then the market
is becoming less efficient, which may indicate a trading range is developing that
may be a trend reversal.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & MACD Crossover This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
MACD – Moving Average Convergence Divergence. The MACD is calculated
by subtracting a 26-day moving average of a security's price from a
12-day moving average of its price. The result is an indicator that
oscillates above and below zero. When the MACD is above zero, it means
the 12-day moving average is higher than the 26-day moving average.
This is bullish as it shows that current expectations (i.e., the 12-day
moving average) are more bullish than previous expectations (i.e., the
26-day average). This implies a bullish, or upward, shift in the supply/demand
lines. When the MACD falls below zero, it means that the 12-day moving average
is less than the 26-day moving average, implying a bearish shift in the
supply/demand lines.
A 9-day moving average of the MACD (not of the security's price) is usually
plotted on top of the MACD indicator. This line is referred to as the "signal"
line. The signal line anticipates the convergence of the two moving averages
(i.e., the movement of the MACD toward the zero line).
Let's consider the rational behind this technique. The MACD is the difference
between two moving averages of price. When the shorter-term moving average rises
above the longer-term moving average (i.e., the MACD rises above zero), it means
that investor expectations are becoming more bullish (i.e., there has been an
upward shift in the supply/demand lines). By plotting a 9-day moving average of
the MACD, we can see the changing of expectations (i.e., the shifting of the
supply/demand lines) as they occur.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Line Regression Intercept This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Linear Regression Intercept is one of the indicators calculated by using the
Linear Regression technique. Linear regression indicates the value of the Y
(generally the price) when the value of X (the time series) is 0. Linear
Regression Intercept is used along with the Linear Regression Slope to create
the Linear Regression Line. The Linear Regression Intercept along with the Slope
creates the Regression line.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Laguerre-based RSI This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This is RSI indicator which is more sesitive to price changes.
It is based upon a modern math tool - Laguerre transform filter.
With help of Laguerre filter one becomes able to create superior
indicators using very short data lengths as well. The use of shorter
data lengths means you can make the indicators more responsive to
changes in the price.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Signal To Noise This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The signal-to-noise (S/N) ratio.
And Simple Moving Average.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Klinger Volume Oscillator This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The Klinger Oscillator (KO) was developed by Stephen J. Klinger. Learning
from prior research on volume by such well-known technicians as Joseph Granville,
Larry Williams, and Marc Chaikin, Mr. Klinger set out to develop a volume-based
indicator to help in both short- and long-term analysis.
The KO was developed with two seemingly opposite goals in mind: to be sensitive
enough to signal short-term tops and bottoms, yet accurate enough to reflect the
long-term flow of money into and out of a security.
The KO is based on the following tenets:
Price range (i.e. High - Low) is a measure of movement and volume is the force behind
the movement. The sum of High + Low + Close defines a trend. Accumulation occurs when
today's sum is greater than the previous day's. Conversely, distribution occurs when
today's sum is less than the previous day's. When the sums are equal, the existing trend
is maintained.
Volume produces continuous intra-day changes in price reflecting buying and selling pressure.
The KO quantifies the difference between the number of shares being accumulated and distributed
each day as "volume force". A strong, rising volume force should accompany an uptrend and then
gradually contract over time during the latter stages of the uptrend and the early stages of
the following downtrend. This should be followed by a rising volume force reflecting some
accumulation before a bottom develops.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Key Reversal Up This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
A key reversal is a one-day trading pattern that may signal the reversal of a trend.
Other frequently-used names for key reversal include "one-day reversal" and "reversal day."
How Does a Key Reversal Work?
Depending on which way the stock is trending, a key reversal day occurs when:
In an uptrend -- prices hit a new high and then close near the previous day's lows.
In a downtrend -- prices hit a new low, but close near the previous day's highs
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Backtest 123 Reversal & Key Reversal Down This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
A key reversal is a one-day trading pattern that may signal the reversal of a trend.
Other frequently-used names for key reversal include "one-day reversal" and "reversal day."
How Does a Key Reversal Work?
Depending on which way the stock is trending, a key reversal day occurs when:
In an uptrend -- prices hit a new high and then close near the previous day's lows.
In a downtrend -- prices hit a new low, but close near the previous day's highs
WARNING:
- For purpose educate only
- This script to change bars colors.
Overnight Bollinger Band ExtremesThis script is a combination of my overnight fakeout script and bollinger band color bars. It's designed to be used on CME/CBOT Equity Indexes during their GLOBEX session. It uses the built in Bollinger Band script and highlights bars that exceed the upper/lower bands during the overnight session.
Keltner Channels Color BarsAnother tweak to a classic built-in script. Simply replacing the Keltner Channels overlay plot with color bars.
Equity Index Overnight FakeoutThis script highlights when price violates the highest high or lowest low within the user's selected lookback period, with the caveat that it occurs during the GLOBEX session. The script is designed to work exclusively with the trading hours for CME and CBOT Equity Index futures. I'm planning to make a more customizable version down the line.
My reasoning behind this very simple script is that the low liquidity and participation of the overnight session creates a tendency for moves at extremes to mean revert. Let me know what you think.