With this indicator, which plots the swing chart of the 3 degrees, swing traders can automate their work of tracking the right bars.
How it works:
Minor Degree (one bar) (gray)= If the current high is higher than the previous high or the current low is lower than the previous low.
Intermediate Degree (two bar) (baby blue)= If the current high is higher than...
It is a long only strategy.
1. Buy when price breaks out of the upper band.
2. Exit has two options. Option 1 allows you to exit using lower band. Option 2 allows you to exit using basis line.
3. Slippage and commissions are not considered in the return calculation.
This is a simple swing trading algorithm that uses a fast RSI-EMA to trigger buy/cover signals and a slow RSI-EMA to trigger sell/short signals for SPY, an xchange-traded fund for the S&P 500.
The idea behind this strategy follows the premise that most profitable momentum trades usually occur during periods when price is trending up or down. Periods of flat price...
The script was designed for the purpose of catching the rocket portion of a move (the edge of momentum).
--When RSI closes over 60, take long order 1 tick above that bar. The closed bar above RSI 60 will be colored "green" or whatever color the user chooses. (RSI > 60)
--On a long position, exit will be a closed bar below the ema (low, 10) . The closed...
20 Day Fade from MarketGeeks, I like the idea!.
This indicator only looks at daily bars, regardless of what timeframe you are using.
We look for a new 20 day low that closes within the 25th percentile of it's daily range.
We also want our security to be in an uptrend.
Finally we are looking for the next day closing price (or current price) to be atleast 2% above...
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 indicator show higher high + higher low and lower high + lower low -> based on RSI modification.
HOW I USE
On a longsetup I set a buyorder on the high, if the RSI swings show red the first time. My stoploss I choose on the lowest price from the red swing before.
After every ending bar without tradeentry I move the buyorder step by step on the last high...
The Volatility Based Momentum (VBM) indicator is a variation on the rate-of-change (ROC) indicator. Instead of expressing momentum in a percentage gain or loss, VBM normalizes momentum using the historical volatility of the underlying security.
The VBM indicator offers numerous benefits to traders who orient their trading around volatility. For these traders,...
Extension of Market God Indicator, but slightly superior in its application to trading. Utilizes the Ichimoku buy and sell trading signals as defined on investopedia.com and uses combined components with KDJ indicator for improved accuracy.
All chart types
Visual cloud can be turned off. Leaving script open for all to add to/grow...
This script is best used with Wave Momentum Oscillator because it indicate whether the market is still choppy and uncertain before you enter a trade based on the Wave Momentum - only use this indicator if you are a WaveTrader.
Combined indicator using an ichimoku double cloud derivative.
Ideal use is option swings, using traditional ichimoku rules, targets are adjusted to the current ATR.
Appropriate strikes closest to one of these lines for assisted price targeting.
When there isn't enough time in your day to day-trade, yet you want to utilise all the technical analysis skills you have... why not make a long term investing or swing trading indicator set to help you along the way!
So I did....
When it comes to long term investing and swing trading, I often find the weekly 12/26/52 EMA's do a great job in capturing the main...
A simple indicator based on www.swing-trade-stocks.com The link is also the guide for how to use it.
0 - nothing. If the indicator is showing 0 for a prolonged amount of time, it is likely the market is in "momentum mode" (referred to in the link above).
1 - indicates an uptrend based on SMA and EMA and also a place where a reversal to...
Rate of change of most volatile JPY and GBP pairs. All pairs ending in JPY are red except GBPJPY (colored yellow --currently most volatile 7/2016). GBPNZD is blue, the other GBP pairs are green, lime and teal. GBPJPY and GBPNZD are my favorite day trading / swing trading pairs. This script allows me to see the action of the most volatile and liquid pairs on one...
This is a simple EMA cross script to get into trades early using a 5/8 EMA cross but also allows you to filter out risky trades using the 20 EMA. For long trades the cross is not a valid signal if it occurs below the 20 EMA and vice versa.