ADX Screener// Identify potential trend reversals using ADX on up to 40 crypto assets.
// ADX shows the strength of a trend, not the direction.
// By monitoring the difference of ADX values between candles, you can potentially identify reversals before they happen.
// A strong trend has a 14 period ADX slope increasing .5 or more from the prior candle.
// At a minimum, a weak trend has a 14 period ADX slope of +.25 or less, and strictly it would be decreasing.
// This indicator prints one row for each asset with three columns for ADX differences one candle back each.
// The asset name is colored green or red dependent on whether +DI > -DI or not.
The market was in a down trend (-DI > +DI).
A bullish wave moved price up to EMA 8 resistance with strong ADX momentum (ADX diff of prior candle >= 0.5).
A Spinning Top showed that the trend was losing momentum (ADX diff lower than previous candle, showed the bullish wave losing momentum).
A Morning Star bearish reversal pattern draws resistance at the high of the pattern. (ADX Bullish momentum exhausted).
Symbol: -DI > +DI
2: Strong momentum
1: Losing momentum (spinning top)
0: Trend reversal (bearish engulfing pattern)
ADX
SSL-Extendido-Indicador Por NeilDESCRIPTION
SSL Indicator with ATR, Volume, ADX, TakeProfit, Profit Cycle Indicator and Extended Trend Control.
The component is based on moving averages, its effectiveness is greater in long periods: 4H, 1D, 1S
HOW DOES IT WORK
The component works with a fluctuation band in which the price moves, it consists of an upper moving average of 10 periods and a lower moving average of 8 periods, both configurable according to the volatility of the asset. Since the band has little width, prices trigger buy and sell alerts frequently, but the component has a trend control based on SMA, EMA, VWAP, HMA that allows to take advantage of the intermediate trend of the asset and cancel the early buy alerts and sale, maximizing the development of the parabola, additionally the component allows to confirm the entries with indicators such as: ATR (valatility), Volume and ADX (direction strength), this to achieve entries with a greater probability of success.
WHY USE IT
Its configuration is simple, it requires adjusting few parameters and although it is ideal for long-term operations, it allows periodic take profit, under the philosophy of profit evaluation at present point and not profit evaluation at future point, ensuring income in less time. additionally it has a visual profit indicator, which allows you to graphically see if a money generation cycle (buy or sell) is a winner or a loser, it also allows you to operate according to the general trend of the asset, that is, you can adjust the behavior of the resource to carry out purchase and sale operations or only purchase or only sale. This component not only graphically indicates when to take profit (takeProfit), but it is responsible for closing the current operation and opening a new operation in the same direction. This is the ideal resource for automated alert-based trading against platforms such as 3Commas.
HOW TO USE IT
Press the "Indicators" option, go to the "Public Library" segment, write the name "SSL-Extendido-Indicador por Neil", double-click on the record and it will be added to your work panel, now, all that remains is to configure its parameters and use it. By pressing the Reset Values Option, you will have a basic configuration that respects the fundamental concepts of trading and the use of multiple indicators in a single study.
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DESCRIPCIÓN
Indicador SSL con ATR, Volume, ADX, TakeProfit, indicador de ciclo de ganancia y control de tendencia extendida.
El componente se basa en medias móviles, su efectividad es mayor en temporalidades largas: 4H,1D,1S
COMO FUNCIONA
El componente trabaja con una banda de fluctuación en la que se mueve el precio, consta de una media móvil superior de 10 periodos y una media móvil inferior de 8 periodos, ambas configurables según la volatilidad del activo. Dado que la banda tiene poca amplitud, los precios gatillan alertas de compra y venta frecuentemente, pero el componente posee un control de tendencia basado en SMA, EMA, VWAP, HMA que permite aprovechar la tendencia intermedia del activo y anular las alertas tempranas de compra y venta, maximizando el desarrollo de la parábola, adicionalmente el componente permite confirmar las entradas con indicadores como: ATR (volatilidad), Volumen y ADX (fuerza de la dirección), esto para lograr entradas con mayor probabilidad de éxito.
POR QUÉ USARLO
Su configuración es simple, requiere ajustar pocos parámetros y aunque es ideal para operaciones de temporalidad larga, permite efectuar take profit periódicos, bajo la filosofía de evaluación de ganancia a punto presente y no evaluación de ganancia a punto futuro, asegurando ingresos en menor tiempo, adicionalmente posee un indicador de ganancia visual, que permite ver gráficamente si un ciclo de generación de dinero (compra o venta) es ganador o perdedor, también permite operar según la tendencia general del activo, es decir que usted puede ajustar el comportamiento del recurso para efectuar operaciones de compra y venta o solo compra o solo venta. Este componente no solo indica gráficamente cuando tomar ganancias (takeProfit), sino que se encarga de cerrar la operación en curso y abrir una nueva operación en la misma dirección. Este es el recurso ideal para efectuar trading automatizado basado en alertas, contra plataformas como 3Commas.
COMO USARLO
Presione la opción "Indicadores", ubíquese en el segmento "Libreria Publica", escriba el nombre "SSL-Extendido-Indicador por Neil", haga doble clic sobre el registro y lo tendrá agregado en su panel de trabajo, ahora, solo resta configurar sus parámetros y usarlo. Presionando la opción Reestablecer Valores, ya tendrá una configuración básica que respeta los conceptos fundamentales del trading y el uso de múltiple de indicadores un un solo estudio.
CCA - ADX ChangeThis shows the velocity in which the ADX value is moving. If the velocity is decreasing, the value will go to 0, if it's negative, the line will change to orange. Very useful to tell when the momentum is changing in a particular direction.
ADX + DMI with Fill and CrossoverBetter visuals for the ADX/DMI technical indicator.
I filled the DI+ and DI- with color to easily track the trend. Also, I added shapes (+) / (x) once the DI+ and DI- crossover each other.
You can also set two horizontal lines so you can easily track where the ADX value is at.
Multiple Indicators ScreenerA 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 Supertrend.
In parameters you can change settings for all indicators and change/disable tickers if 40 is too many for you.
There is only 1 function that calculates all these indicators. Potentially you can change and even add more indicators to this function.
Writing code for these kind of screener is a bit time consuming, so I even created a code generator in Python for these kind of indicators :) .
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
ADXI + DMI Performance - TradingEDThis case study is based on a previous ADX + DM study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level, from beginner to intermediate and advanced .
Key components of the original indicator:
• The DIRECTIONAL MOVEMENT INDEX (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals.
• The DMI uses two standard indicators, one negative ( -DI ) and one positive ( +DI ), in conjunction with a third, the AVERAGE DIRECTIONAL INDEX ( ADX ), which is non-directional but shows momentum.
• The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down.
• ADX measures the strength of the trend, either up or down; a reading above 20 indicates a strong trend.
ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two DMI lines, from which ADX is derived. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell, theay are the main trade signals. A long trade is taken when the +DI crosses above the -DI and an uptrend could be underway. Meanwhile, a sell signal occurs when the +DI instead crosses below the -DI.
Main functions of this modified indicator:
1) You can select the type of MOVING AVERAGE, among many available options ( SMA , EMA , DEMA , HMA , etc.)
2) The SOURCE for the counts can be determined by the trader (close, open, etc).
3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards, or if your trading is intraday, you can also select counts by MINUTES, HOURS or DAYS, depending on your trading style.
4) LENGTH, by default it will be loaded as in the STRATEGY, but considering the previous point, you can modify it according to your convenience.
5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red.
Main performance functions of this modified indicator:
I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box.
II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. *
III) The BACKGROUND of the PERFORMANCE, you can customize the default color. *
IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart.
Main functions to customize the style of this indicator:
a) You can select the color for ADX and for DMI, with the colors that best suit you.
b) The CROSSOVER/CROSSUNDER signal between DI+ and DI- can also be customized. *
c) For any type of SIGNAL, it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. *
d) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. *
e) You can select the colors for the BACKGROUND of the indicator according to the trend, whether it is BEARISH or BULLISH, with the colors that best suit you. *
* By default, they are marked as red for downtrends and green for uptrends.
TridentI call this strategy "Trident", as it uses three different, modified, customizable indicators:
50 Exponential Moving Average (Trend)
Relative Strength Index (Momentum)
Average Directional Index (Volatility)
Strategy will be improved with future updates. You alone decide when to enter and when to exit a trade. PRICE ACTION IS KING and the TREND IS YOUR FRIEND
What do these three indicators tell us
Exponential Moving Average:
Trend
Price < EMA = downtrend
Price > EMA = uptrend
trend direction and reducing noise
Average Directional Index:
Volatility
direction of market movement when there is a sharp increase in volatility
Relative Strength Index:
Momentum
Strength
Possible shift in momentum
How this strategy works
As I mentioned above, this strategy uses uses three different, modified, customizable indicators:
Exponential Moving Average (50) (Trend): When price closes above or below the 50 period EMA, then the first condition is met. I know some people use multiple EMAs as dynamic support and resistance levels. Therefore, I also added a 21 and a 200 period EMA, but this strategy uses specifically the 50 period EMA as one of three conditions. All EMAs can be adjusted, turned on and off.
Relative Strength Index (80, 20, 3) (Momentum): In his video, TSM uses a 3 period RSI and 80 and 20 bands. If price is above 80, it`s overbought and if it`s below 20, then it`s oversold. Two out of three conditions are met.
Average Directional Index (5, 5) (Volatility): TSM uses the ADX to measure the volatility. Both ADX Smoothing and DI Length are set to 5. If this indicator moves above 30, then the third contidion is met.
Rules to enter the trade
Long Entry:
50 EMA < Price
RSI < 20
ADX > 30
Enter trade at breakout of high of the green candle, which is the candle that pulls the RSI from oversold conditions back inside.
Short Entry:
50 EMA > Price
RSI > 80
ADX > 30
Enter trade at breakout of low of the red candle, which is the candle that pulls the RSI from overbought conditions back inside.
Risk:Reward and Timeframe
Use a 1:1 to 1:1.5
Set your S/L below key levels (-> 2nd point @ Tips), or twice the length of the signal candle
Preferably 5 Minute Time Frame, but at the end you decide
Tips
Avoid periods of consolidation
Trade from support/resistance-levels, supply/demand-levels, pivot points-levels, Fibonacci-levels, swing high/low-levels
Trade during market hours, for example London and New York Session
Trade narrow spreads, if you scalp
Use Price Action
Trade with the trade, not against
The further away the price moves from the EMA the stronger the trend
The long the price doesn't touch the EMA the stronger the trend
RSI + ADX: Confirm when the market is turning and pick a good entry point
ADX + 50 EMA: Filters trades when there is not much activity in the market
I mentioned above that the code of this strategy is still under development. You can not only rely on this strategy alone as it might give you false signals. I coded this, because it makes it easier to visualize were all three conditions are met.
Use your brain, use price action, use these tips, use this strategy.
Frequently Asked Questions
Does it only work for scalping? - No, but try it out yourself
Does it only work for Forex? - No, but try it out yourself
Does only work on the 5 Minute Timeframe? - No, but try it out yourself
Good Luck!
Scalping EMA ADX RSI with Buy/Sell AlertsThis is a study indicator that shows the entries in the strategy seen in one of the youtube channel so it does not belong to me. I can't tell who it is because it's against the House Rules to advertise but you can find out if you look for it on youtube. Default values of oscilators and ema adjusted as suggested. He says he got the best results in 5 min timeframe but i tried to make things as modifiable as possible so you can mess around with the settings and create your own strategy for different timeframes if you'd like. Suggested to use with normal candlestick charts. The blue line below indicates the ADX is above the selected threshold set in the settings named "Trend Ready Limit". You can set alerts for Buy, Sell or Buy/Sell signal together.
The entry strategy itself is pretty straight forward.
The rules for entry are as follows, the script will check all of this on auto and will give you buy or sell signal :
Recommended time frame: 5 min
For Long Entry:
- Check if price above the set EMA (Can disable this rule if you'd like in the settings)
- RSI is in Oversold
- ADX is above set "Trend Ready" threshold (Meaning there is a trend going on)
- Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries.
- Enter with stop loss below last swing low with 1:1 or 1.5:1 take profit ratio.
For Short Entry:
- Check if price below the set EMA (Can disable this rule if you'd like in the settings)
- RSI is in Overbought
- ADX is above set "Trend Ready" threshold (Meaning there is a trend going on)
- Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries.
- Enter with stop loss above last swing high with 1:1 or 1.5:1 take profit ratio.
This is my first indicator. Let me know if you want any updates. I am not sure if i can add everything but i'll try nonetheless.
Changed: Signals will check up to 2 candles before if the RSI is below or above the set value to show signal. This is because sometimes the entry signal is right but the response might be a bit late.
MACD With Crossings and Above Below ZeroMACD with MACD Derivative, Crossings Above and Below Zero, Shading for ADX Smoothing and Overlayed RSI
Primarily a moving average convergence divergence (MACD) momentum indicator. Also includes a MACD Derivative overlay to show when momentum has peaked. Displays triangle symbols when the MACD line crosses the signal line (larger triangle when MACD crosses above/below zero to indicator stronger momentum trend). Includes shading for average directional index (ADX) to futher determine when the price is trending strongly (red when the ADX value is greater than 25, and idicating a strong trend; otherwise blue). Lastly, has a relative strength index (RSI) momentum indicator overlayed to help evaluate periods of overbought or oversold conditions.
GEMA-Indicador por Neil-------------------
DESCRIPTION
GEMA-INDICATOR is a indicator based on SMA, EMA, WMA, RMA that considers elements such as ADX, DMI, RSI, stochastic, Stoploss, Takeprofit, angles and values at present point.
HOW DOES IT WORK
The component works as an assistant to which you configure the previous elements and you see the performance that it offers you, in such a way that you pass that configuration to GEMA-INDICATOR so that you can receive alerts and do visual trading with notifications or automated trading by sending messages to platforms like 3Commas.
WHY USE IT
The resource operates with one of the most important strategies in the market, which is the price tracking line, which means that if prices go up, we follow it, if prices go down, we follow it; in this way you do not need to make large investments as is often the case with pure BOTs, which require large reserves for security orders.
HOW TO USE IT
Press the "Indicators" option, go to the "Public Library" segment, write the name "GEMA-Indicador por Neil", double click on the record in question and you will have it added in your work panel, now, it only remains to use it and configure its parameters.
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DESCRIPCIÓN
GEMA-INDICADOR en un indicador basado en SMA, EMA, WMA, RMA que considera elementos como ADX, DMI, RSI, Estocastico, Stoploss, Takeprofit, ángulos y valores a punto presente.
COMO FUNCIONA
El componente funciona como un asistente al que vas configurando lo elementos anteriores y vas viendo el rendimiento que te ofrece, de manera tal, que pases esa configuración a GEMA-INDICADOR para que puedas recibir alertas y hagas trading visual con notificaciones o trading automatizado enviando mensajes a plataformas como 3Commas.
POR QUÉ USARLO
El recurso opera con una de las estrategias mas importantes del mercado, que es la linea de seguimiento de precio, lo que significa que si los precios suben, lo seguimos, si los precios bajan, lo seguimos; de esta manera no necesita realizar grandes inversiones como suele ocurrir con los BOT puros, que exigen grandes reservas para las ordenes de seguridad.
COMO USARLO
Presione la opción "Indicadores", ubíquese en el segmento "Libreria Publica", escriba el nombre "GEMA-Indicador por Neil", haga doble clic sobre el registro en cuestión y lo tendrá agregado en su panel de trabajo, ahora, solo resta usarlo y configurar sus paramertos.
MACD PlusMoving Average Convergence Divergence – MACD
The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of indicators. First, the MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, it takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum.
Added Color Plots to Settings Pane.
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature.
Added Ability to Turn ON/OFF Show MacD & Signal Line.
Added Ability to Turn ON/OFF Show Histogram.
Added Ability to Change MACD Line Colors Based on Trend.
Added Ability to Highlight Price Bars Based on Trend.
Added Alerts to Settings Pane.
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert.
Alerts are Pre-Set to only Alert on Bar Close.
Added ability to show Dots when MACD Crosses.
Added Ability to Change Plot Widths in Settings Pane.
Added in Alert Feature where Cross Up if above 0 or cross down if below 0 (OFF By Default).
Squeeze Pro
Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC.
In this version, I've given the freedom to change this and try out different types of moving averages.
The original squeeze indicator had only one Squeeze setting, though this new one has three.
The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings.
The orange dot Squeeze is the original from the first Squeeze indicator.
And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression.
Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI), where :
DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction
CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the bottom. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. The CDMI adds additional insight of verifying/confirming the trend as well as its strength
Label :
Displaying the trend strength and direction
Displaying adx and di+/di- values
Displaying adx's momentum (growing or falling)
Where tooltip label describes "howto read colored dmi line"
Ability to display historical values of DMI readings displayed in the label.
Added "Expert Trend Locator - XTL"
The XTL was developed by Tom Joseph (in his book Applying Technical Analysis ) to identify major trends, similar to Elliott Wave 3 type swings.
Blue bars are bullish and indicate a potential upwards impulse.
Red bars are bearish and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries"
The AE green triangles are "Aggressive Filtered Entries"
DMI Trade Zone [Alorse]Through the DMI Trade Zone you can find safe areas to trade in the Spot market.
The logic behind the indicator is:
- If the Positive Directional Movement (+DI) is greater than the Negative Directional Movement (-DI) then the Average Directional Movement Index (ADX) will be green with an opaque white background.
- If the Positive Directional Movement (+DI) is less than the Negative Directional Movement (-DI) then the Average Directional Movement Index (ADX) will be red.
Trading Range FinderWhat is it?
This indicator is a visual representation of the ADX indicator that shows where the areas of weak trends are. Anything shaded in a gray background implicates that the chosen market is experiencing a weak trend.
These areas of weak trends are seen typically when ADX drops below 20-25 but this script is customizable to change where you want that threshold.
Why did I make it?
I made this indicator to be used in combination with other trading indicators to eventually be used to identify when a market is range-bound/sideways.
Since momentum-based indicators can be "thrown off" in sideways market conditions, I will be using this visual indicator to identify when it is best to filter out a trade signal in a momentum-based strategy.
DMI - VisualBasically, when the background is:
White = no defined direction
Light blue = up.
Dark blue = well defined up
Light red = down
Dark red = well defined down
Blue/red centered circle = change of direction
Red circle on top = possible short entry
Blue circle at the bottom = possible long entry
//Português
Basicamente, quando o fundo é:
Branco = sem direção definida
Azul claro = alta
Azul escuro = alta bem definida
Vermelho claro = baixa
Vermelho escuro = baixa bem definida
Círculo azul/vermelho centrado = mudança da direção
Círculo vermelho no topo = possível entrada de short
Círculo azul na parte inferior = possível entrada de long
MACD-Extendido-Indicador por NeilMACD-Extendida-Estrategia
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DESCRIPTION
Resource that identifies entry and exit operations using the indicator
Average Convergence and Divergence Movements (MACD) and 5 strategies
INTERESTING
Novel strategies are implemented such as:
1. Overbought and oversold band to avoid horizontal movements
2. Control inputs and outputs at positions opposite the histogram line
3. Make a profit (take profit) without prior purchase orders
HOW DOES IT WORK (STRATEGIES)
1) Overbought and oversold:
Allows you to define an overbought upper band
Allows you to define an oversold ower band
Operations that occur within the band are ignored
2) Place of next operation (either side):
Indicates that the next operation can occur on either side of the histogram
3) Place of next operation (opposite side):
Indicates that the next operation must occur on the opposite side of the histogram
4) Take profit:
It allows defining the deviation in favor to execute a take profit.
It does not place a buy order at a distant point, instead it looks back and if the shift meets the expected deviation, take profit is executed
5) Loss control (stop loss):
It allows to define the deviation against to execute a stop loss.
It does not place a stop order at a distant point, instead it looks back and if the displacement meets the expected deviation the stop loss is executed
How to use it:
Press the "Indicators" option, go to the "Public Librarian" segment, write the name "MACD-Extendido-Indicador Neil", double-click on the record in question and you will have it added in your work panel, now, just It remains to be used to identify the inputs and outputs and you can do it visually or by defining the automatic notification alerts.
DESCRIPCION
Recurso que identifica operaciones de entradas y salida haciendo uso del indicador
Media Móvil de Convergencia/Divergencia (MACD) y 5 estrategias
NOVEDADES
Se implementan estrategias novedosas como:
1. Banda de sobrecompra y sobreventa para esquivar movimientos horizontales
2. Control de entradas y salidas en posiciones contrarias a la línea del histograma
3. Toma de ganancias (take profit) sin ordenes de compra previa
COMO FUNCIONA (ESTRATEGIAS)
1) Sobrecompra y Sobreventa:
Permite definir una banda superior de sobrecompra
Permite definir una banda inferior de sobreventa
Operaciones que ocurren dentro de la banda son ignoradas
2) Lugar de próxima operación (cualquier lado):
Indica que la próxima operación puede ocurrir en cualquier lado del histograma
3) Lugar de próxima operación (lado opuesto):
Indica que la próxima operación debe ocurrir en el lado opuesto del histograma
4) Toma de ganancias (take profit):
Permite definir la desviación a favor para ejecutar una toma de ganancia.
No coloca una orden de compra en un punto distante, en su lugar mira hacia atrás y si el desplazamiento cumple con la desviación esperada se ejecuta la toma de ganancia
5) Control de pérdida (stop loss):
Permite definir la desviación en contra para ejecutar una parada de pérdida.
No coloca una orden de parada en un punto distante, en su lugar mira hacia atrás y si el desplazamiento cumple con la desviación esperada se ejecuta la parada de la pérdida
Como usarlo:
Presione la opción "Indicadores", ubíquese en el segmento "Libreria Publica", escriba el nombre "MACD-Extendido-Indicador por Neil", haga doble clic sobre el registro en cuestión y lo tendrá agregado en su panel de trabajo, ahora, solo resta usarlo para identificar las entradas y salidas y puede hacerlo de forma visual o definiendo las alertas de notificación automática.
ADX MULTICOLOR
ENGLISH:
ADX (AVERAGE DIRECTIONAL INDEX):
It is a non-directional oscillator type indicator, that is, it quantifies the strength of a trend regardless of its direction. In Spanish ADX means index of average direction. It is common to use it together with directional indicators of movement such as the (Squeeze Momentum Indicator), which show us the direction or predominant trend of the market.
HOW TO USE THE ADX INDICATOR
When the ADX is greater than 30, the market is in a strong trend, when it is between 23 and 30 it is not well defined and when it is less than 23 it indicates that the market is in range.
QUANTIFYING THE STRENGTH OF TREND:
ADX values help traders identify the strongest and most profitable trends to trade. Values are also important to distinguish between trending and non-trending conditions. Many traders will use ADX readings above 23 to suggest that the trend is strong enough for trend trading strategies. Conversely, when the ADX is below 23, many will avoid trending trading strategies.
ADX value Trend strength
0-23 Trend absent or weak
23-30 Strong trend
30-75 Very strong trend
75-100 Extremely strong trend
+ DI: (Green Color)
The + DI (Positive Directional Indicator) would be the indicator of positive direction and it would be showing us that the movements are trending upward.
-DI: (Red Color)
The –DI (Negative Directionl Indicator) would be the indicator of negative direction and it would be showing us that the movements have a downward trend.
IMPROVEMENTS IN THE DEVELOPMENT OF THE OSCILLATOR:
It is known that the ADX as a whole is composed of three lines, the first is the ADX itself, which measures the strength of the trend, when it has upward directionality, it means that there is strength in the movement.
The other two lines named (+ DI and -DI) mark if the force is bearish, bullish or, failing that, neutral.
When the + DI is above the -DI, it speaks of Bullish force. On the contrary, when these lines are reversed, we would be in the presence of a bearish force.
On the other hand, when the ADX is below the 23 point, it is considered that there is no force in the movement.
FUSION OF ADX AND LOS (+ DI and -DI):
To simplify this vision, we have merged the three lines that we talked about at the beginning of this section, attributing the color resulting from the crosses of the (+ DI and -DI) to the ADX itself, resulting in a single line that has the color of the type of present force.
CANDLE COLOR:
To help the more inexperienced trader, we have activated a function that will paint the candles the color of the ADX, providing a visual aid to the trader using this indicator.
THE ADX HAS 5 COLORS:
• ADX: Dark Green (Bullish force).
• ADX: Light Green (Loss of bullish strength).
• ADX: Dark Red (Bearish Force).
• ADX: Light Red (Loss of bearish strength).
• ADX: Orange (Lost strength, Disinterest and low volume).
NOTE:
It is possible to activate the lines (+ DI and -DI) in the indicator if you want to use the indicator independently, however, it is recommended to combine this indicator with a directional oscillator, such as the Squeeze Momentum Indicator.
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ESPAÑOL:
ADX (ÍNDICE DIRECCIONAL PROMEDIO):
Es un indicador de tipo oscilador no direccional, es decir, cuantifica la fuerza de una tendencia independientemente de su dirección. En español ADX significa índice de dirección media. Es común usarlo junto con indicadores direccionales de movimiento como el (Squeeze Momentum Indicator), que nos muestran la dirección o tendencia predominante del mercado.
CÓMO USAR EL INDICADOR ADX
Cuando el ADX es mayor a 30, el mercado está en fuerte tendencia, cuando está entre 23 y 30 no está bien definido y cuando es menor a 23 indica que el mercado está en rango.
CUANTIFICACIÓN DE LA FUERZA DE LA TENDENCIA:
Los valores de ADX ayudan a los operadores a identificar las tendencias más fuertes y rentables para operar. Los valores también son importantes para distinguir entre condiciones con tendencia y sin tendencia. Muchos operadores utilizarán lecturas de ADX por encima de 23 para sugerir que la tendencia es lo suficientemente fuerte para las estrategias de negociación de tendencias. Por el contrario, cuando el ADX está por debajo de 23, muchos evitarán las estrategias comerciales de tendencia.
Valor ADX Fuerza de la tendencia
0-23 Tendencia ausente o débil
23-30 Fuerte tendencia
30-75 Tendencia muy fuerte
75-100 Tendencia extremadamente fuerte
+ DI: (Color verde)
El + DI (indicador direccional positivo) sería el indicador de dirección positiva y nos estaría mostrando que los movimientos tienen una tendencia alcista.
-DI: (Color rojo)
El –DI (indicador de dirección negativa) sería el indicador de dirección negativa y nos estaría mostrando que los movimientos tienen una tendencia a la baja.
MEJORAS EN EL DESARROLLO DEL OSCILADOR:
Se sabe que el ADX en su conjunto está compuesto por tres líneas, la primera es el propio ADX, que mide la fuerza de la tendencia, cuando tiene direccionalidad ascendente, significa que hay fuerza en el movimiento.
Las otras dos líneas denominadas (+ DI y -DI) marcan si la fuerza es bajista, alcista o, en su defecto, neutral.
Cuando el + DI está por encima del -DI, habla de fuerza alcista. Por el contrario, cuando estas líneas se invierten, estaríamos en presencia de una fuerza bajista.
Por otro lado, cuando el ADX está por debajo del punto 23, se considera que no hay fuerza en el movimiento.
FUSIÓN DE ADX Y LOS (+ DI y -DI):
Para simplificar esta visión, hemos fusionado las tres líneas de las que hablamos al principio de esta sección, atribuyendo el color resultante de los cruces de (+ DI y -DI) al propio ADX, dando como resultado una sola línea que tiene el color del tipo de fuerza presente.
COLOR DE VELAS:
Para ayudar al trader más inexperto, hemos activado una función que pintará las velas del color del ADX, proporcionando una ayuda visual al trader que usa este indicador.
EL ADX TIENE 5 COLORES:
• ADX: Verde oscuro (fuerza alcista).
• ADX: Verde Claro (Pérdida de fuerza alcista).
• ADX: rojo oscuro (fuerza bajista).
• ADX: Light Red (Pérdida de fuerza bajista).
• ADX: Naranja (Pérdida de fuerza, Desinterés y bajo volumen).
NOTA:
Es posible activar las líneas (+ DI y -DI) en el indicador si desea utilizar el indicador de forma independiente, sin embargo, se recomienda combinar este indicador con un oscilador direccional, como el Squeeze Momentum Indicator.
DCA_PREMIUMOur new indicator tracks trends to create buy and sell alerts, see below how it works.
HOW IT WORKS:
It uses RMA which is the same moving average used by RSI and HMA, they intersect give us an entry signal, be it a buy or sell, as the entry signal the script will color the bars according to the signal.
When a GREEN candle appears, it indicates a large purchase volume and when a PURPLE candle appears, it indicates a large sales volume.
The indicator will alert for entries only according to the trend of the traded asset
FOR EXAMPLE:
I am trading USDJPY in an uptrend, the indicator will only alert me for buy entries, if it applies to downtrend.
DASHBOARD:
Our dashboard indicates the volatility of the traded asset, the short-term trend and the trade signal.
HOW TO USE:
Choose the asset you want to trade and, in the settings, change the time period you want for your trading style, for example: Swing Trade, Day Trade or Position.
See regions with large trading volumes indicating price manipulation or just supports and resistances too strong to break.
Natural Directional Index [CC]The Natural Directional Index was created by Jim Sloman and this is another indicator that I'm publishing from the collection of Ocean indicators. I want to make sure his legacy is covered by as many eyes as possible. This is his version of the directional index indicator but he uses his weighting method to use the square root of time and you can see that the signals are very smooth. Big thanks of course to @altcoinz and @tmac87 for helping me get the full source code and files for all of his work. This indicator captures the current trend and I have used my strong buy and sell signals to let you know the strength of the current trend. Darker colors are for strong signals and lighter colors are for normal ones. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
Multiple Oscillator Crossing - TradingEDThis case study is based on different previous studies: ADX Triple , MACD Triple & RSI Triple , with three different counts to compare different oscillations of each indicator. Actually, this indicator is complementary to those previously mentioned . The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original codes, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level , from beginner to intermediate and advanced .
Key components of the original ADX indicator:
• The DIRECTIONAL MOVEMENT INDEX (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals.
• The DMI uses two standard indicators, one negative ( -DI ) and one positive ( +DI ), in conjunction with a third, the AVERAGE DIRECTIONAL INDEX ( ADX ), which is non-directional but shows momentum.
• The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down.
• ADX measures the strength of the trend, either up or down; a reading above 20 indicates a strong trend.
ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two DMI lines, from which ADX is derived. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell, theay are the main trade signals. A long trade is taken when the +DI crosses above the -DI and an uptrend could be underway. Meanwhile, a sell signal occurs when the +DI instead crosses below the -DI.
Key components of the original RSI indicator:
● The Relative Strength Index ( RSI ) is a popular momentum oscillator developed in 1978.
● The RSI provides technical traders signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset's price.
● An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.
It is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to assess overbought or oversold conditions in the price of an asset. The RSI is displayed as an oscillator (a line chart moving between two extremes) and can read from 0 to 100. Overbought does not necessarily mean that the price will reverse lower, just as oversold does not mean that the price will reverse higher. Rather, the overbought and oversold conditions simply alert traders that the RSI is near the extremes of its recent readings.
Key components of the original MACD indicator:
● The Moving Average Convergence Divergence ( MACD ) is calculated by subtracting a long period (26) Exponential Moving Average ( EMA ) from a short (12) period EMA .
● MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
● The speed of crossovers is also taken as a signal of a market is overbought or oversold.
● MACD helps traders to understand whether the bullish or bearish movement in the price is strengthening or weakening.
It is a momentum indicator that follows the trend and shows the relationship between two moving averages of the price of a security. It can function as a trigger for buy and sell signals, when you cross above (to buy) or below (to sell) your signal line. It helps to understand if the movement is bullish or bearish , if it is getting stronger or weaker. The further the MACD is above or below its baseline, it indicates that the distance between the two EMAs will be growing, often shown with a histogram that graphically represents the distance between the MACD and its signal line, and It is used to identify when the bullish or bearish momentum.
Main functions of this modified indicator:
1) The SOURCE for the counts can be determined by the trader (close, open, etc).
2) In some cases, you can select the type of MOVING AVERAGE , among many available options ( SMA , EMA , DEMA , HMA , etc.)
3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards , or if your trading is intraday, you can also select counts by MINUTES , HOURS or DAYS , depending on your trading style.
4) LENGTH , by default it will be loaded as in the STRATEGY , but considering the previous point, you can modify it according to your convenience.
5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red. *
6) You have the option to hide or show INDICATORS or SIGNALS based on EACH OSCILLATION .
Main performance functions of this modified indicator:
I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box.
II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. *
III) The BACKGROUND of the PERFORMANCE , you can customize the default color. *
IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart.
Main functions to customize the style of this indicator:
a) For any type of SIGNAL , it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. *
b) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. *
c) When you have a SHORT SIGNAL or a LONG SIGNAL , you can change the EMOTICON that comes by default. **
* By default, they are marked as red for downtrends and green for uptrends.
** By default, they are marked with an emoticon indicating the possible direction of the price, down if it is bearish or up if it is bullish .
VIX Fix Double PleasureFULL README: github.com/samgozman/vix-fix-double-pleasure
The idea of an oscillator is quite simple. It is based on the popular VIX Fix oscillator, the purpose of which is to find local bottoms within the scope of trend movement. But in addition to the classic VIX fix, I built an oscillator opposite to it, which serves as a potential signal of the end of local growth.
Components
VIX Fix classic (red lines)
VIX Fix reversed (green lines)
Buy/sell signals (colored dots)
Parameters
VIXFix_length - defval: 22. Classic length for VIX fix
VIXFix_arraySize - defval: 22. The number of periods among which to look for lows and highs. If there are too many signals, reduce this value.
plotMarks - defval: true. Plot high/low marks
How it is calculated
VIX fix classic: (highest(close, VIXFix_length) - low) / highest(close, VIXFix_length) * -100
VIX fix reversed: (lowest(close, VIXFix_length) - high) / lowest(close, VIXFix_length) * -100
Signals
🟢 Buy signal if current "VIX fix classic" or "VIX Fix reversed" value is lowest from the last VIXFix_arraySize periods.
🔴 Sell signal if current "VIX fix classic" or "VIX Fix reversed" value is highest from the last VIXFix_arraySize periods.
General recommendations
I advise you not to use this oscillator for a short positions. Long only . It is recommended to set a long position by pyramiding.
SADX+DI - Smoothed Average Directional Index by CrypTauxThis script is based on ADX/DI and I use it to enter when trend is in early stage, then ride it & exit at the right time (that's the theory)
ADX is shown as histogram :
- light silver bars = price is under thresold but still no trend, be patient.
- strong gray bars = prepare to enter the trade soon
- blue bars = price momentum so ride the trend
- yellow bars = do not trade (price reverts or consolidates)
Background color/bottom area based on DI+/DI- :
- green = uptrend
- red = downtrend
Top pink triangles appears when ADX is relatively low based on "lookback" history (not based on previous static threshold) so a new trend may happens so stay alerts.
- Prepare for enter when bars turn dark gray and/or pink triangles appears.
- Enter position as soon as you see blue bar (Long or Short as indicated by the area color)
- and Exit on first yellow bar.
Quite simple, works on multiple HTF/LTF and might be used with graphical analysis to find best opportunities.
Enjoy :)
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Version 35.
DMI With Crosses (MyNewTrade)Directional Movement Indicator:
+DI and -DI
I changed the color of the bar bars according to the crossed of +DI and -DI . It helps us to have an idea of whether the trend is continuing or not.
+DI crossover to -DI barcolor is Aqua, if not bar color is Red.
It also helps us to find the lowest and highest points of the graph according to the positions of Adx +DI and -DI .
It gives warnings at the lowest and highest points, which helps us to detect the direction of the trend.
ADX Triple - Average Directional Movement Index - TradingEDThis case study is based on a previous ADX + DM study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level, from beginner to intermediate and advanced.
Key components of the original indicator:
• The DIRECTIONAL MOVEMENT INDEX (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals.
• The DMI uses two standard indicators, one negative (-DI) and one positive (+DI), in conjunction with a third, the AVERAGE DIRECTIONAL INDEX (ADX), which is non-directional but shows momentum.
• The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down.
• ADX measures the strength of the trend, either up or down; a reading above 20 indicates a strong trend.
ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two DMI lines, from which ADX is derived. When +DI is above -DI , there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI , then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell, theay are the main trade signals. A long trade is taken when the +DI crosses above the -DI and an uptrend could be underway. Meanwhile, a sell signal occurs when the +DI instead crosses below the -DI .
Main functions of this modified indicator:
1) You can select the type of MOVING AVERAGE , among many available options (SMA, EMA, DEMA, HMA, etc.)
2) The SOURCE for the counts can be determined by the trader (close, open, etc).
3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards , or if your trading is intraday, you can also select counts by MINUTES , HOURS or DAYS , depending on your trading style.
4) LENGTH , by default it will be loaded as in the STRATEGY , but considering the previous point, you can modify it according to your convenience.
5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red.
Main performance functions of this modified indicator:
I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box.
II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. *
III) The BACKGROUND of the PERFORMANCE , you can customize the default color. *
IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart.
Main functions to customize the style of this indicator:
a) You can select the color for ADX and for DMI , with the colors that best suit you.
b) The CROSSOVER/CROSSUNDER signal between DI+ and DI- can also be customized. *
c) For any type of SIGNAL , it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. *
d) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. *
e) You can select the colors for the BACKGROUND of the indicator according to the trend, whether it is BEARISH or BULLISH , with the colors that best suit you. *
* By default, they are marked as red for downtrends and green for uptrends.
