This is the Count Back Line script from the book Guppy Trading by Daryl Guppy.
It is usually used as a stop loss line, but can also be used to find entries.
Hope someone finds it usefull, if you find anything that is wrong with it, please let me know and I will try to fix it.
This is my first PineScript, hope it is working as intended.
I realized that the zone changes in the stoploss remained slow, so I couldn't make enough use of the characteristics of technical indicators when opening positions.
This pushed me to keep stop-loss under the influence of a dependent variable.
This script helped me a lot (everget) :
I've redesigned the stop-loss to be affected by intersections.
Therefore, this...
A lot of times I don't like my chart crowding with indicators, thus the reason for creating this script for my strategy QuarryLake.
This script also comes with alert.
Below is the explanation for QuarryLake
I have also updated the script in version 4.
This strategy consists of 3 indicators that I found works quite well together.
Keltner Channel, Waddah...
This is an indicator I have been working on for the past 2 years, developed specifically for cryptocurrency.
It is primarily a trend following indicator with great success and it performs the best in 4hrs to the weekly chart.
There are two components of this indicator.
The baseline from Ichimoku cloud and volatility stop .
baseline period = 26
volatility...
ATR Channels help you to identify where to place your stop-loss or trailing stop-loss based on price volatility, according to the Average True Range (ATR).
A 7-band overlapping Fibonacci volatility stop. Select the start and multiplier and 6 increasing fibonacci bands will be overlayed to suggest areas of high probability buy/ sell opportunities.
This indicator plots 2 sets of dots (and lines) based on your chosen ATR multiplier (Average True Range).
Generally, when trading on the daily timeframe a good rule of thumb is to use the ATR * 1.5 (the default setting of this indicator).
I created this indicator to quickly test other indicators but I also find it helpful in live trading.
How to use this...
This script uses the last hlc3 value of 1H, 4H, D and/or W and rotates it 360º up/down with four increments of 90º to find out potential support and resistance areas. Can be used as a dynamic support & resistance tool or just to gauge how overbought/oversold the market is. Special thanks to @Nv56 for his assistance in writing this script.
uses reversal candles to determine accumulation and distribution candles
remembers the last reversal candle and draws a support or resistance line at the reversal level
does a barcolor if the price breaks support/resistance
similar to the hoffman a/d breakout indicator but there is no trend detection components
Plots four VMA's (Variable/Volatility Moving Average) in multiple static resolutions (1h, 2h, 4h, 8h), ideal for support/resistance/stops on predictably trending symbols like BTCUSD.
Example:
A nice collection of Buy/Sell indicators.
Send me some love if you find this useful:
btc: 1GcWRvkrLwmv2sD8nHYvJ7ZWf4qB1tQ1r9
eth: 0x3061513011c071d9ced8a375e51004aba26410e8
etc: 0xc7ad9ad4d6b0008a1be897666e7f643e7259a509
ltc: LY5pxGhRvNvGJcrb4pnTyH2A2hN1DPjLqt
xvg: DKcou5NyfvVzqLjjDo1eFTNaZuThdZaVUJ
zrx: 0x3061513011c071d9ced8a375e51004aba26410e8
Many thanks...
