This is a well-known strategy by using 3 different Supertrends and a trend-defining EMA, feel free to play around with the settings, a backtest on 8h ETHUSDT pair brought some good results using the 233EMA and investing 75% of a 10k start capital the idea is to have at least 2 super trends going green above the trend-EMA to go long and exit by turning 2 super...
This indicator is the upgrated version of "GREEN MILE by Onur". Indicator shows fibonacci buying + selling levels due to the past 3500 (adjustable and 1500 by default) candles. Prices in the dark green area is a strong buying signal. Prices in the dark red areas is strong selling signal Decreasing period value makes indicator effective from long term to short...
This is a well-known strategy by using 3 different Supertrends and a trend-defining EMA, feel free to play around with the settings, a backtest on 8h ETHUSDT pair brought some good results using the 233EMA and investing 75% of a 10k start capital. The idea is to have at least 2 Supertrends going green above the trend-EMA to go into a long position. The...
This is a supertrend with slight twisted concept which can be very benefecial in strong trending markets to reduce stop loss distance and exit slightly quicker. ⬜ Concept ▶ When the instrument is trending up, regular ATR shows high values if there are big green candles. This affect the stoploss distance in regular supertrend which leads to wide stops or delayed...
This strategy is based on a custom indicator that was created based on the Supertrend indicator. At its core, there are always 2 super trend indicators with different factors to reduce market noise (false signals). The strategy/indicator has some parameters to improve the signals and filters. TECHNICAL ANALYSIS ☑ Show Indicators This option will...
Many a times, we have seen that the price closing in towards supertrend reverses. This indicator gives signal that identifies high / low of any candle if near the down / up supertrend line by a defined margin using arrow signals. I've simply re-used readily available supertrend indicator source code and just modified it to these signals. So, almost all of the...
This strategy combines the best of both indicators (Supertrend & RSI). As we know, Supertrend is excellent at finding changes in the market trend and thus finding the best entries, however in my opinion it has a great weakness and it is that it does not know how to find the best exit point. For this reason I decided to combine it with the RSI that we know...
A screener for multiple indicators with nice table output. I was asked many times to update custom screener to display results in a table form. This way it looks much better. You can play with background colors depend on values you're looking for. In the screener, for example, I'm highlighting overbought/oversold RSI values, big ADX levels and trend of the...
Similar to SuperTrend+ which allows for confirmation bars. Differences: Limited to SMA calculation of average true range. Can filter outlier volatility. Can apply a standard deviation to the ATR value.
A strategy using ema , supertrend and stochastic . Long entry conditions: 1. EMA 25 > EMA 50 and EMA 100 > EMA 100. 2. Supertrend indicator is green. 3. Stochastic k line cross over d line. Long stop: the lowest price of the last k<d interval. Long take: 1.5 times of stop. The short conditions are opposite. This strategy performed well in 1D timeframe of lots...
BITSTAMP:BTCUSD An entry alarm on Supertrend Stoch Strategy . It can monitor 10 trading pairs in one alarm. Use this script on any trading pair and deploy the alarm. The alert comment shows the pair name, direction, entry point, sl/tp, and percentage of your position you should cost. I currently use it as a signal for my grid trading.
Here is an extensive library on different variations of supertrend. Library "supertrend" supertrend : Library dedicated to different variations of supertrend supertrend_atr(length, multiplier, atrMaType, source, highSource, lowSource, waitForClose, delayed) supertrend_atr: Simple supertrend based on atr but also takes into consideration of custom MA Type,...
Heikin Ashi can be useful for understanding trend based on price action but it doesn't take volume in context. Here I have tried to use volume for understanding true bar color and ultimately true trend analysis. It can also help you in not getting trapped in sudden shakeouts. Also, you can use it for averaging of your existing position. Conditions used: ...
Library "SupportResitanceAndTrend" Contains utilities for finding key levels of support, resistance and direction of trend. superTrendPlus(multiple, h, l, atr, closeBars) A more flexible version of SuperTrend that allows for supplying the series used and sensitivity adjustment by confirming close bars. Parameters: multiple : The multiple to apply to the...
Hello All, This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend. As seen below, each zigzag wave is a candle on Zigzag...
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Essentially, Moving Averages smooth out the “noise” when trying to interpret charts. Noise is made up of...
I have the ambition to create a ‘landscape’ which enables the user to see the ‘mood’ of the market about the price of an instrument, simply by looking where the candles go. Prices are a simple phenomenon , they go up or down or stay the same. This is represented quite well for the short term by a candle. I recommend to study candle patterns. Prices not only...
This indicator combines the Supertrend (to determine the main trend direction) with two Keltner channels (used for add and take profit signals) to construct a trend trading system. These are the available settings: General UseTrendChange ➞ toggle trend change alerts and labels UseAdds ➞ toggle add to position alerts and labels UseTakeProfits ➞ toggle...