These Bollinger bands feature Fibonacci retracements to very clearly show areas of support and resistance. The basis is calculate off of the Volume Weighted Moving Average. The Bands are 3 standard deviations away from the mean. 99.73% of observations should be in this range.
Simple DMI with ADX Indicator.
- DMI+ line plot with circles, which helps to identify peaks/troughs in order to gauge price momentum
- DMI- line plot with circles, which helps to identify peaks/troughs in order to gauge price momentum
-ADX line plot with circles, with dynamic coloring, so that you can tell when a trend is increasing (green bars), or losing...
This strategy uses divergences between three exponential moving averages and their slope directions as well as crosses between the price and these moving averages to switch between a long or short position. The strategy is non-stop in the market and always either long or short.
In addition the moving averages and price bars are colored depending if they are...
Forex Master v4.0 is a mean-reversion algorithm currently optimized for trading the EUR/USD pair on the 5M chart interval. All indicator inputs use the period's closing price and all trades are executed at the open of the period following the period where the trade signal was generated.
There are 3 main components that make up Forex Master v4.0:...
Sharing one more strategy after getting good feedback on my earlier published strategy.
This is simple volatility stop strategy where in we are using VStop as entry and exit point.
Again smart traders can add MA to decide the trend and can avoid trading in opposite direction of trend which will help them to minimize loss...
This Indicator shows you the strength of the Currency in comparison for all other Main Currencys at the timeframe you choose.
The Currencys in this Indicator is: EUR, USD, GBP, CHF, AUD, CAD, JPY
The Base is the RSI (relative strength Indicator) with the following Currency pairs:
eurusd, eurgbp, euraud, eurjpy, eurcad, eurchf
usdeur, usdgbp, usdaud, usdjpy,...
This is a symmetrical algorithm designed only for trading EUR/USD on the 1h time frame. For other currency pairs and time frames, you need to re-calibrate the RSI-EMAs as well as the profit targets and stop losses.
Initial equity = $100,000 (no leverage)
Order size = 100% of equity
Pyramiding = disabled
This is a simple strategy to use for those who like Renko bars. I ONLY use it on Renko.
Basic idea is that when the Renko bar closes above or below the 22 EMA, you go long or short.
However, some of the frustrations I've had with any strategy shared in Tradingview is so few folks put in the ability to set a stop or a profit target or the ability to set a...
Sharing the simple trend following trading strategy, traders can add their own rules in this, to minimise the losses and maximise the profits. Like below.
1. Go long only if price is above 189 days EMA/SAM
2. Exit position when high or low of previous candle is breached in the opposite direction of the trend.
3. Go long...
Please do read the information below as well, especially if you are new to Forex.
The Cowabunga System is a type of Mechanical Trading System that filters trades based on the trend of the 4 hour chart with EMAs and some other familiar indicators (RSI, Stochastics and MACD) while entering trades base on 15 minute chart.
I have coded (quite amateurishly) the basic...
This is ATR in pips. This was requested by user @ElixiumCapital on Twitter. ATRPIPs in his words:
How to use: Change the chart to the Daily time frame. The indicators value e.g. 0.0105 means that the average daily range of the past 5 trading days is 105 pips. (On standard pairs like EURUSD, GBPUSD)
"ATR PIPs is useful for finding markets with your desired...
Script shows the volume of the currency pairs in the FXCM mini account. I set it daily or weekly to see which pair is picking up in activity. My style of currency trading is short holds on the highest volatility. This helps me determine which pairs have the highest volume (or tick activity since there is no true exchange for currency). I use this in conjunction...