Volume shows strength of a movement and highest volume shows the region that pushed price to certain extent with full strength. Breakout or Breakout of the highest volume bar range shows continuity further push by sellers or buyers indicating a trend continuation for a small period if not for long duration. Entries can be taken once signal is generated with...
While coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered.
While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage.
The indicator will calculate the top %...
This is a classic long term trend following system.
The breakout period is 50 days instead of 20 and the moving average crossover are 40 and 120.
The moving averages are also exponential instead of simple.
The stoploss is 4 ATRs away from the price.
Donchian Channels settings > 50 days
Moving Averages > 40 and 120, 80 and 140
This is a trend following system based on the Donchian Channels. Instead of using a simple moving average crossover, this system uses the MACD as the trendfilter:
* Price makes a new 50 day high,
* The MACD-line crosses above or is above the Signal-line.
* Both the MACD and the Signal-lines are above the zero-line.
* Price makes...
I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one.
"Period" is used to find Pivot Points
"Max Breakout Length" is the maximum length to search breakouts
"Threshold Rate %" is channel width of the breakout area. calculated using highest/lowest of...
This script provides basic pivot point Support and Resistance Levels to the user whilst displaying Break signal tags. It also has the ability to let the user display more significant breaks by filtering using the Volume Oscillator.
Only more significant breaks of these basic levels are displayed to the user when optimized which avoids noise and messy signals.
Initial capital 1000 USD
Order size 10%
Commission 0.3% with slippage
This is Simple Bollinger Band Trend find out strategy.
I'm using the usual trailing offset as an exit for this strategy.
using 1x leverage to go long short within 3years backtest result more then 200% for all usd pair.
in next version i will try to find out more optimize...
Disclaimer: Use proper risk management and remember that all trading involves risk.
Based on RicardoSantos' "Open Session Breakout Trader Strategy"
I turned it into a study and tweaked it for trading Silver
My goal when creating this was to help visualize breakout lines for multiple trading days at the same time without having to always draw them in.
This strategy is extremely useful for positional traders or traders using timeframe 15-minute of higher. It uses following combo of values:
VWAP, CCI, Volume and Moving average (simple and exponential)
Avoid taking trade if candle size is greater than twice the average candle size. for that wait for the retracement to near trailing stoploss
This strategy is designed for Bank nifty and Nifty Indices on 5 min chart.This positional strategy ,go long when the long signal came and exit your buy position when sell signal generated by the strategy and again go short for next trade e g . when long signal came buy bank nifty 25 quantity ,book your profit or loss in next sell signal and again made SELL...
Plot high and low of first candle from the current timeframe.
The levels are adjusted automatically when the timeframe is changed.
Trade breakout in either direction with other as a stop loss.
Can be used for any instrument.
Easy Trend Following Strategy using Highs and Lows breakout of the last X candles to enter and exit trades.
You can easily change the ENTRY and EXIT value in order to find the best settings.
This strategy seems to be working well for $BTC and $ETH on the 4H and 1D.
I didn't play with it too much as I am testing script to trade on the 15 minutes chart with...
EneX is signal that give recommendation signals for entry and exit on spot market. This indicators not suitable for leverage trading in futures market.
EneX signal consider several indicators and has entry and exit rules.
EneX signal is suitable for investors who believe in trend following strategy (disclaimer on).
This script composed by Yohan Naftali for...
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.
Continuing deeper and stronger with the screeners' educational serie one more time (#daft #punk #private #joke)
We don't have to wait for TradingView to allow screener based on custom indicator - we can build our own ^^
I - Long Terms concept
I had the idea from @scarff....
As the title already describes: this is a Donchian breakout strategy. This strategy, as of now, only goes long. It goes long when the price close makes a new high and the 8 day moving average is above the 32 day moving average. The strategy exits the trade if the price breaks the atr trailing stop of * 3 or the 8 day moving average crosses below the 32 day moving...
If you use Ichimoku Cloud strategies, this indicator is very useful for you!
This code indicates the candles that break the ichimoku cloud in both directions!
conversion line, base line and lagging span are disable by default, you can enable it from settings window.
green triangles under the candles with green backgrounds show break out the red clouds.