Use as a supplementary Indicator to confirm your entries, but it is as good on it's own.
When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way
The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend
As a bonus Possible Momentum Setup entries based on Stochastics...
UT Bot indicator was inially developer by @Yo_adriiiiaan
Idea of original code belongs @HPotter
I just took code of Yo_adriiiiaan, cleaned it, deleted all useless pieces of code, transformet to v4 and created a strategy from it.
Also I added an input that allows you to swich to signals from Heiking Ashi. I saw that author uses HA for the indicator and on HA it...
A centerline/non-chart indicator version of Everget's Supertrend script for use in NNFX-style indicator setups, with the emphasis on this indicator NOT adding visual clutter to the main charting area with a baseline indicator already present.
This is literally the EXACT same script as Everget's Supertrend, but not drawn on the chart and with the fill/stop and...
This RSI indicator is one of my favorite indicators. This powerful indicator is implemented by Phi-Deltalytics. I modified the drawing so that it is easier (at least for me) to see the signals and trends (it would not matter if you're doing algorithmic trading).
Trends and signals. For detailed instructions and tutorial see Phi-Deltalytics page
Red (Buy Setup) and Green(Sell Setup) numbers above the bar.
Count consecutive close less/above 4 bars before.
Red/Green Arrow + S (Simple Countdown) / A (Aggressive Countdown) + C (Combo Countdown) below the bar.
Red/Green circles on the chart.
The trend is your friend.
MA's are a simple and an easy way to find the trend on anytime frame.
A lot of people use the 200 MA to define trend but I've always preferred EMA's.
This is a 150 ema and 250 ema cloud. Ema's can act as support and resistance. Instead S/R being a single line on the chart S/R is seen more as an area on support and therefore a cloud...
Green Line = DM+
Red Line = DM-
Black Line = ADX
White Line = ADX Entry (if ADX is below this line indicates trend is weakness)
The indicator shows de DM- and DM+ cross, If the DM+ is above the DI- is in an uptrend (green background). Conversely, if the DM- is above the DI+ is in a downtrend (red background)
I recommend using it together with some other...
The indicator is based on the RSI and the Absolute Strength Histogram (more specifically the modification by Jie).
It is meant to be used to filter out periods of consolidation, and determine if the bulls or bears are in control when there is enough action to possibly start a trend.
The RSI is not used to find overbought or oversold conditions, but to find...
Simple Pivot Reversal Strategy with some adding settings.
Date Range: To test over specific market conditions.
Initial Capitol: $10K - This is a more realistic representation of funds used this strategy (for me anyway). The default of $100K can give different results (usually better) than when using a smaller balance.
Order Size: 100% Equity - These trend...
Introducing A New Calculation For Efficient Bands Calculation !
Here it is ! The Recursive Bands Indicator, an indicator specially created to be extremely efficient, i think you already know that calculation time is extra important in algorithmic trading, and this is the principal motivation for the creation of the proposed indicator. Originally described in my...
The SSL indicator with colour change. Tool for spotting trends and finding good entry points. I recommend using it for higher timeframes, from 4h to 1D.
Play with the settings, you can change the moving avarage type, its length, if you prefer having the default
bar colours in your chart, disable the colouring function in the script.
Good luck crypto traders!
The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance.
The indicator consists of the following:
Direction - True Range and Average True Range columns shown above and below 0 depending on direction of...
The Schaff Trend Cycle is a method, developed by Doug Schaff and based on the concept that trends also have repeating high and low patterns, or cycles. This is a modified MACD line, run through a modified stochastic algorithm and smoothed with Wilders’ smoothing in order to estimate the final Schaff Trend Cycle (STC) indicator. Its purpose is to identify the...
Using Time Frames For Trend – You can also use different time frames to determine trends with stochastic. To do this you will need to use two different time frame charts, I like to use the weekly/daily or daily/hourly combination depending on the asset. Weekly/daily works well with stocks and indices while I prefer the shorter time frame for currency and...