RSI and ADX Trader AlertsAlert system for development strategy. Please don't request access, this is for personal use. If you are interested in my actual indicator you can look here:
مؤشر متوسط الحركة الاتجاهية
RSI and ADX TraderDevelopment version of 15 minute bitcoin indicator that is not available to the public.
For access to the actual indicator please go here:
Long Term Swing Position Indicator Alpha VersionThis is a early version of a swing trading indicator I have been working on. It uses EMAs and ADX to find entries. This will eventually be integrated into my main trading indicator. The strategy is defaulted to start with 17,000 capital and trade with 100 percent of equity. You can test different ranges of dates by going into the settings and changing the end dates of the backtest. It is defaulted to test from 1/1/2018 to the current time. Keep in mind if you keep it set to use 100% equity it will not be able to enter positions if the initial capital is less than the price of 1 bitcoin -3.31% at the beginning of the test range. It currently has a pretty low success rate, but the average winning trade is significantly larger than the average losing trade so it still makes a significant profit. This has only been tested so far on the 15 minute and 30 minute charts for Bitfinex:BTCUSD.
The end goal for this indicator is to allow me to enter long term future positions to hold while I trade swaps on the short and medium term. This will allow me to increase profits.
This strategy will be changing significantly in the future as I test various ideas and setting configurations to maximize the effectiveness, but feel free to use it however you want.
My main indicator is currently in beta and will be finished before this one is completed, so if you want a solid indicator to trade with in the immediate future, I suggest checking that one out at
Please comment or direct message me if you have any questions of critiques, I will always respond within 24 hours. If you find out anything interesting while testing the strategy I would also appreciate it if you dropped me a message letting me know.
ADX and DI (Average Directional Index) - CORRECT FORMULASo... the popular version of "ADX and DI" shown on tradingview by masanakamura uses some wacky and incorrect formula for DI and uses SMA instead of the Wilder's MA that ADX/DI is supposed to use, and doesn't give the correct ADX and DI values. The Tradingview "Average Directional Index" uses the correct calculation but doesn't show DI+ and DI-. So, here it is with the DI+ and DI- visible. Enjoy!
15 Minute Bitcoin Indicator 1.0Indicator Description:
This is a premium indicator that is intended for trading on the 15 minute time scale. This script uses ADX to judge the strength of trends. When a trend is confirmed by ADX, the indicator uses SRSI to find the optimal entry. The indicator works best on BITFINEX:BTCUSD .
Instructions:
Whenever there is a sell signal exit the current long and vice versa. If a close signal appears close the current position but do not open another trade in opposite direction. There is a indicator based stop loss system that is built into the signals, but no static stop loss based on % loss or pips moved in one direction.
Available Settings :
1. Buying and Selling Thresholds: These are the values that are used with SRSI to determine entries. The default values were experimentally determined
to be the most profitable.
2. Stacked Orders Allowed: This limits the amount of positions that can be entered in the same direction. This is useful for trading with leverage. This is defaulted to 2 because I limit myself to 2x leverage. Backtesting shows the more orders allowed, the more profitable, but also risk is increased.
3. ADX/DI Settings: These are settings the ADX smoothing and DI length.
Backtesting:
CLICK HERE
This is a strategy that enters and exits positions on the exact same criteria as this indicator. For the simulation the capital was 10,000 dollars and it was allowed to go up to 2x leverage. Each trade used 100% of available funds. The same simulation done from 1/1/2018 to 4/10/2018 resulted in:
3658.38 % Net Profit
316 Total Closed Trades
77.22 % Profitable
4.552 Profit Factor
24 % Max Drawdown
+11.58% Average Trade
20 15m candles in each trade on average.
Future Plans:
More robust stop loss system.
Factoring trend into trading signals.
EMA integration.
MULTI-TIMEFRAME SUPPORT
Availability
This indicator is currently in a testing stage of development with a full release planned for mid April. While the indicator is not completed, it currently is profitable for me to consider it ready for release. During this testing phase anyone can test it for free for three days, just comment below. Lifetime access currently costs .005 btc, and this price will increase once the full release occurs, if you are interested, DM me for further details.
Please comment with any ideas, suggestions, or criticisms.
RSI Strategy condition experimentThis is a scalping indicator built for bitcoin on the 15m chart. It uses ADX and SRSI. A full indicator will be released very soon. Please comment with any questions or comments. The strategy ran below is the results if you started trading on 3/9/2018 with 10,000$ usd, and used 100% of your equity to enter positions. This is also designed to allow 2x leverage when certain conditions are met, which is the default. This feature can be turned off in settings.
NeoButane Bitfinex BFXLS Vortex IndicatorScripted longs and shorts to the vortex indicator. It doesn't work like Vortex due to the two plots never crossing to congest.
Blue line: longs
Red line: shorts
Histogram: net volume, ohlc4 of both. Green if previous candle close had lower net volume, black if the previous candle close had more.
Deviance from the histogram: increased volume for the long or short side
Optional ADX line with customizable lookback; it can be difficult to understand due to it being completely horizontal unless you turn off the other plots.
Vertical Horizontal FilterVertical Horizontal Filter indicator script. This indicator was originally developed by Adam White.
Range Breakout PredictorHi everyone, I put this together while learning Pine and wanted to share to see if anyone finds it useful.
It does a decent job predicting the direction of breakouts from range conditions, as well as picking up some easy trend profits. I had some fun making it quite configurable for those who would like to tune it for a particular index (for example, check out GOOG at 1 hour resolution with the default values, just for fun).
Please let me know if you like anything about it or have suggestions!
ADX CandleCandles colors based on ADX and DI strength.
How to read:
ADX is less then 20 (adjustable value) is SILVER (no trend)
ADX >0 and DI delta (DI plus - DI minus) is >0 color LIME (trend up)
ADX>0 and DI delta <0 color RED (trend down)
ADX cross ADX Index ( adx+adx 14 period back)/2 color is BLACK and means start/end trend
Tommies RSI combination stratthanks go out to Tommie, who created this beauty in the first place (for a different system)!
long-signal when crossig the lower threshold, short-signal when crossing the upper threshold
Bryan - Multi Indicator v2Developed as a professional service and published for customer acceptance/verification.
Notes
Ichimoku and ADX combined strategy.
Strategy logic ported to the indicator to allow automation through 3rd party services. (Position management, orders etc)
Long and exit long alert conditions created
Zero-Lag Average Directional Index with DI+ and DI-This average directional index follows the Nyquist Sampling Criterion making showing even better behaviour in high volatility environments than the Ehlers & Ric's "Zero Lag Moving Average".
Applies the same formulae as the moving average at Zero-lag Dürschner Moving Average
From the paper abstract: "The well-known Moving Averages (MA), namely the Simple Moving Average ( SMA ), the Exponential Moving Average ( EMA ) and the Weighted Moving Average ( WMA ), are modified in this paper with the help of the Nyquist Criterion. These modified Moving Averages 3.0 show good smoothing characteristics, illustrate relevant trends and trend reversals in price series without a time lag as far as calculated. With regard to smoothing, trend patterns and time lag bring about a significant improvement on conventional SMA (Moving Averages 1.0: SMA, EMA and WMA ). In addition to this, the efficiency of the Moving Averages 3.0 is demonstrated by applying several tests and a simple trading system."
The Dürschner Moving Average was published at the IFTA 2012 (International Federation of Technical Analysts) Journal, page 27.
adx-breakout-rbDeveloper: Andrew Palladino
Creator: Rob Booker
Date: 9/29/2017
Description: Coming Soon.
Money Flow Indicator (Chaikin Oscillator) Strategy Indicator plots Money Flow Indicator (Chaikin). This indicator looks
to improve on Larry William's Accumulation Distribution formula that
compared the closing price with the opening price. In the early 1970's,
opening prices for stocks stopped being transmitted by the exchanges.
This made it difficult to calculate Williams' formula. The Chaikin
Oscillator uses the average price of the bar calculated as follows
(High + Low) /2 instead of the Open.
The indicator subtracts a 10 period exponential moving average of the
AccumDist function from a 3 period exponential moving average of the
AccumDist function.
WARNING:
This script to change bars colors.
Trendy ADX DI+ DI- Trend Strength - BonavestTo add this indicator to your charts:
Click the 'Add to Favorite Scripts' button down below this description.
Trendy ADX is a lower indicator that is used to determine strength of trends. The DI+ and DI- lines cross one another depending on the trend direction based on the Length input with the current trend, DI line, being on top or higher.
The ADX line shows the strength of the current trend, with a value over 20 being a trend with growing strength. Trends with ADX less than 20 are said to not be strong enough to be traded as well as if the ADX is less than both the DI+ and DI- even though it is higher than 20.
An added number value that is not a part of the typical ADX/DI indicator is the 'Score'. This is a value that ranges from -3 to +3 including 0. This score allows you to set alerts based on Score and be alerted when a certain level is reached. The Score values are fully configureable in the Input Settings screen.
The Length setting is the only important adjustment for the indicator itself. The 3 suggested values to use are 7, 11 and 20 (default 11).
The Threshold setting is purely for visual adjustment of the yellow dashed line (default 20).
I use this indicator for:
Keeps me in a trade longer to capture long trends
Determining if the current trend has more room to continue
Filter out reversal buy/sell signals if trend is just beginning
My observations in using this indicator is to ignore reversal signals if the ADX line has not crossed above the DI+ or DI- line of the current trend (red/green background). I also expect a small pullback or sideways price action when the ADX line does cross the current trending DI line.
There are 2 Built-In Notifications already created for you and are available by simply right clicking in the indicator area and selecting:
Condition: Trendy ADX
Then 1 of the 2 Alerts:
Trend Direction Change - Score crosses 0 changing to 1 (green/UP) or -1 (red/DOWN)
Trend Strength Change - Score changes in any direction by a value of 1
How to Trade the Average Directinal Index Video: youtu.be
This adaptation was based off of the original code from @MasaNakamura.
[naoligo] Simple ADXI'm publishing this indicator just for study purposes, because the result is exactly the same as DMI without the smoothing factor. It is exactly the same as ADX Wilder from MT5.
I was looking for the algorithm all over and it was a pain to find the right formula, meaning: one that would match with the built-in ones. After several study and comparison, I still didn't find the algorithm that match with the MT5's built-in simple ADX ...
Enjoy!
HYPER ADXADX typically shows the strength of a trend. Hyper ADX is specially coded for showing intraday overbought and oversold conditions.
Average Directional Movement Index Rating The Average Directional Movement Index Rating (ADXR) measures the strength
of the Average Directional Movement Index (ADX). It's calculated by taking
the average of the current ADX and the ADX from one time period before
(time periods can vary, but the most typical period used is 14 days).
Like the ADX, the ADXR ranges from values of 0 to 100 and reflects strengthening
and weakening trends. However, because it represents an average of ADX, values
don't fluctuate as dramatically and some analysts believe the indicator helps
better display trends in volatile markets.
KK_Average Directional Index (ADX) Higher TFHey guys,
sometimes you just want to plot an Indicator value from a higher Timeframe on your Chart. For most Indicators this is pretty straightforward however there is one Indicator that has been giving me quite a headache while trying to do this: The Average Directional Index . Anyway after going through almost 200 versions of this script I finally found a solution that works and thought I would share this with you, since I'm sure some of you have encountered the same problem.
How it works
Go to your desired Instrument/Timeframe and add the Script
Under Settings in the field for "Higher ADX TF" put the Timeframe-code you want to pull the ADX Values from.
- Codes: Monthly - M, Weekly W, Daily - D
- Codes Intraday: The amount of hours in minutes, e.g. if you want to pull values from the 4h-Chart the code is 240 (60 for 1h, 15 for 15m ...)
In some cases (see below) the calculation might not be correct. So make sure the values are correct:
a) Write down the latest ADX of the higher TF while you are on the lower TF
b) Switch the Resolution to the higher TF
c) Compare the value you have just written down to the next to last value. They should be the same.
d) Switch back the Resolution to the lower TF and you're good to go.
Limitations
You can only pull values from higher Timeframes, e.g. you're on a 4h Chart, so you can only pull values from the Daily, Weekly and Monthly Chart. You can't pull values from the 1h Chart.
You can only pull values from Timeframes, where the higher Timeframe Close always has a corresponding Close on the lower Timeframe, e.g. you can't pull values from the 3h Chart when you are on a 2h Chart. This should be pretty rare.
The Script needs a certain amount of Data from the Higher TF before the calculated values are correct. I have tested this on several Instruments and the Script usually needs approximately 100 Bars on the higher Timeframe (often less) for the values to be correct (error < 1%).
So when the difference between your lower Timeframe and you higher Timeframe is large, e.g. you want to pull the Daily ADX value on a 15m-Chart, the calculation can be wrong. This can lead to errors in 2 Cases:
a) Backtesting: When you go over old data and get close to the last available Bar the Data will be wrong. This will limit the amount of data you can backtest.
b) Live values: When the difference between the two Timeframes is too large, it is possible that even live values are wrong, e.g. this will be the case when you are trying to pull the Daily ADX value on a 5 minute Chart. Always check if the calculation works with your desired combination of Timeframes before using it (see above).
I hope this is useful for you and whish all of you successful trading!
Best regards
Kurbelklaus
ADX Color Easy [Dravya]Script #1
So,
here is my first script.
This is the normal 14 period ADX,
but with a color twist, to make it extremely easy on eyes.
and then,
easily spot the strength.
ADX, as you know, shows the strength of the trend.
As short term traders, we need price movement and a strong trend.
How to use this script ?
1. We don't trade when ADX is in the red zone (0-20)
2. We get ready for trading when it enters the blue zone (20-30)
3. We trade when the ADX enters the green zone (>30)
Simple, right !
Now, in the green zone,
in which direction you should trade?
Here are a few links, to help you use ADX as a strategy ,
www.tradingsetupsreview.com
www.babypips.com
Other than this, you can combine this with your own strategies.
Personally, I like to use it on stocks on 1H timeframe.
Thanks.
Would love to hear from you.
Please like it to support the project,
and help spread it.
