This script is the same as NOT-ONLY-LONG but without the security() function.
It use the following indicators: RMI + ADX + RSI + ICHIMOKU cloud only.
The fuchsia dot is the average price of the positions. The Take Profit is calculated from there.
It does not have Stop Loss, instead it makes a re-entry to try to improve the liquidation price.
Script for automatic trading with Alerts.
LG --> Long (green: not confirmed) (lime: confirmed)
ST --> Short (maroon: not confirmed) (red: confirmed)
TS --> Trailing Stop
xL --> Close Long Position
xS --> Close Short Position
SL --> Stop Loss
The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no...
Let's try the Version 4 ...
This script is only for long positions.
It's based on the conjunction of RMI + ADX + RSI for entries and only with Take Profit to close the position.
It doesn't have security (), nor Heikin Ashi, so the Backtest is Real.
Use always 'Once per bar'.
It doesn't repaint absolutely nothing at all.
Timeframe: 15 minutes
We display here the ADX has a colored histogram, which is
- green when ADX and DI+ are higher then DI-, while the ADX is increasing, meaning that we are in a potential uptrend--> we should rather be long (only buy if you have other concordant signals !)
- red when ADX and DI- are higher then DI+, while the ADX is increasing, meaning that we are in a potential...
Kaly MTF ADX Rangoli Roller is a method/study for finding trending stocks, indexes and cryptocurrencies using two different data periods (10, 5) of ADX Overlap over different time-frames (10m, 1H, 4H, 1D, 1W, 1M). In the study, I used 5-Period ADX for all mentioned time-frames. You may use 10-Period ADX for lower time-frames especially 10m and 1H.
Sample Image of...
The goal of this study was to use ADX from Higher Timeframe - to determine trend direction
Why? Because ADX is very sensitive, able to show trend ending without any delay, but not in the middle of it.
Being able to see such immediate trend change on higher timeframe, is a great indicator of trend direction.
Adding just security() calls to 'highest', 'lowest' and...
Plots the multiple time frame version of the classic ADX-DI indicoator.
DI+ and DI-
DI Histogram difference with 2 threshold lookback values
For a similar multiple time frame indicator see the following scripts. They both use the historical + projection approach to yield non-repainting indicators.
This is a special ADX and DI which includes the following additional functions:
cr1- allows you to set alerts based on if DI+ and DI- crossover each other leading to a new trend
cr2- shows a constant background highlight of a trend.
ADX threshold- you can set a threshold value so that any readings below that are ignored and the indicator paints a blank black...
This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The non-signal version of the absolute strength indicator from fxcodebase.com requested by ernie76 . This indicator originally from mt4 aim to estimate the bullish/bearish force of the market by using various methods.
Two lines are plotted, a bull line (blue) representing the bullish/buying...
The strategy was authored by Hucklekiwi Pip back in 2015 and is still being updated today. She says that the system was designed to simply catch short-term forex trends. At its heart, the system is a simple EMA crossover strategy with a couple of other indicators used for confirming entries.
See her original post here:
Average Directional Movement Index – ADX can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. The ADX is a component of the Directional Movement System developed by Welles Wilder. This indicator on its own does not give you a direction but instead measure the strength of the trend. In general...