Here are two moving averages, one based on positive candles and the other based on negative candles. If the current bar is positive, the negative MA will use its last known negative bar for the calculation. The default setting uses Heikin Ashi to smooth the candles with the trend, you can turn this off if you want in inputs. Let me know if you find it useful :)
Introduction For a full free tutorial explaining this code in more detail, visit the backtest-rookies (.com) website. This indicator will plot two trend lines at any given time. A resistance trend line and a support trend line. The resistance trend is shown with red circles and is created by joining swing highs together. The second is a support trend which is...
Developed by Robert Krausz, the Gann Trend Oscillator is a trend-following indicator used to determine the financial instruments long-term price direction.
Interesting performance for Super Trend strategy for Tesla ( TSLA ) 1m chart. Params: ST Mult: 3, ST Period 120. Performance:61% profit, 637 trades, only 33% prof, 4.84% dd , 0.4 Sharpe. On its own, it might be not a very good strategy, but the big amount of trades allows you to add more filters and improve it. The strategy is not bad both with "when" params...
Numerous small losses.... a few huge profits.... For Heikin Ashi candles only!
Quickly Identify Trends with the Elder Impulse Indicator. Pretty much the same as , but written from scratch to be simpler to use and the source code easier to read (no offense, LazyBear) For more info, see stockcharts.com