Combine 3 EMA indicators into 1. Buy and Sell signal is based on
- Buy signal based on 20 Days Highest High resistance
- Sell signal based on 10 Days Lowest Low support
1 - Short EMA (20), Mid EMA (50) and Long EMA (200)
2 - Resistance (20) = 20 Days Highest High line
3 - Support (10) = 10 Days Lowest Low line
Added parameters for source of highest and lowest line.
It's usefull for ultra volatile markets like cryptocurrencies and penny stocks. Using close price as source helps to filter out false breakout signals in turtle trading strategy.
First pinescript strategy I've ever written so still learning what is possible.
This strategy is based on the famous turtle system and tried to stay true
to the rules within the confines of what pinescript will allow me to do.
Green lines represents the 20/55 day highs (configurable)
Red lines represent the 10/20 day lows (configurable)
There are a few different attempts at the turtle strategy on here, but none that I have seen thus far correctly follow the strategy as I know it. This version uses a stop order to trail out of the position by moving the stop order to match the exit channel or stoploss as the N*2( ema of True Range * 2). This version of turtle strategy also uses stop orders for...
TAD stands for TURTLE, ATOM and DUCK
With the three BUY arrows aligned accordingly with the TURTLE, ATOM and DUCK indicators, this triggers BUY signal
With the three SELL arrows aligned accordingly with the TURTLE, ATOM and DUCK indicators, this triggers SELL signal
This is a short-sell version of the strategy based on the famous turtle system.
In a nutshell, it a trend trading system where you are shorting on strength (in the downtrend), selling on
weakness (that it might be reversing).
positions should be entered when the price crosses under the 20-day low (S1 low) or 55-day low (S2 low).
For Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed.
This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. This is a longer term trend following strategy that uses Donchian Channels for trend following and uses the upper...
This is just a simple EMA cross strategy which is meant to be similar to Turtle Trading Strategy.
It uses in default 4 Hour 21 / 10 EMA to long or short. This is not perfect but in the long run it will profit. Works best in bull market.
LINK TO ALERT :
Based on my previous script "Turtle N Normalized," this script plots the CM SuperGuppy on the value of N to identify changing trends in the volatility of any instrument.
Turtle rules taken from an online PDF:
"The Turtles used a concept that Richard Dennis and Bill Eckhardt called N to represent the underlying volatility of a particular market.
N is simply the...
Determine the position of the product to purchase according to:
1. max loss that you could tolerate
2. max volatility that you could tolerate (defined as the multiple of the current ATR)
current ATR = $5
max loss = $1000
volatility multiple = 2
The position will be
p = $1000 / $5 / 2 = 100 (shares)
Simple script that calculates the normalized value of N. Rules taken from an online PDF containing the original Turtle system:
"The Turtles used a volatility-based constant percentage risk position sizing algorithm. The Turtles used a concept that Richard Dennis and Bill Eckhardt called N to represent the underlying volatility of a particular market.
N is simply...
Track consecutive new highs/lows outside the Donchian range. Fans of the oldschool Turtle Strategy should enjoy the visualization.
Same logic as my "Walking the Bands" script, just with Donchian breaks instead of Bollinger tags.