English: ------------------ Mostly tested on Crypto Currencies 2 different usages for 2 different situations For high volatity, use light color thick lines. Ignore the dark ones. For standard, use dark and thick lines.Ignore the light ones. When price bar's high hits the red line = sell When price bar's lowhits the green line = buy Wait for the lines keep...
Turtle Rules: To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system. Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A.k.a S1) Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 (A.k.a S2) The entry strategy using S1 is as follows Buy 20-day breakouts...
This is an extension to Donchian Channel - Pivot High Low indicator. Creating new version as the new type added isn't related to pivot high/low. New type added is based on moving average. Instead of using highest and lowest of n bars, here, we are using lowest and highest of moving average of highs and lows for n bars. Previous version of Donchian channel pivot...
The following indicator returns a line bouncing of the extremities of a Donchian channel, with the aim of replicating a "zig-zag" indicator. The indicator can both be lagging or lagging depending on the settings user uses. Various extended lines are displayed in order to see if the peaks and troughs made by the Donchian zig-zag can act as potential...
OH2B TRADING INDICATOR The OH2B Trading Indicator is an indicator built for beginners. It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover. It also gives you EXIT POINTS for taking profits based on the Average Directional Index and Relative Strength Index. TRADING WITH OH2B INDICATOR The OH2B Trading Indicator ...
- Based on Coach AK formula of determining collection area of retracement stock. - If price below collection area, collect in tranches.
This indicator uses different volatility channels - Bollinger Band, Donchian Channel and Keltner Channel width to measure volatility. Indicator plots channel bandwidth percentage with respect to close price. This is not same as Bollinger Percent B - which is measure of where price is with respect to band. Instead this indicator is similar to ATR Percent...
Another adoption of supertrend. This time based on different channels - Bollinger Band, Keltner Channel, Donchian Channel and Pivot point based Donchian channel. When price hits top of bands, it is considered as start or continuation of uptrend. When price hits bottom of the band it is considered as start or continuation of downtrend. Hence, supertrend is drawn...
Combining Pivot High Low and Donchian Channel - both of which are useful indicators for trend following. Donchian Channel shows highest and lowest prices for X number of bars. Pivot High-Low identifies when price made new Highs and Lows Applying Donchian Channel on Pivot High-Low channel, we are plotting highest and lowest pivots formed in X bars. In this...
The Donchian Dip This strategy is designed to look for good "Buy the Dip" entries on stocks that are clearly in a strong 1-year upward trend. If you do not know how to identify those stocks on your own please do not use this system or continue your education until you do. The Donchian Dip strategy was designed on the daily time frame but works amazingly well on...
™TradeChartist Donchian Channels Breakout Filter is an elegant version of the classic Donchian Channels with few extra variations and option to filter breakouts based on user preferred Breakout price selection to generate Trade Entries. =================================================================================================================== Features...
The Adaptive Donchian plots a line based on the average of the lowest low and highest high. I call it 'ADL'. Maximum/Minimum lookback period defines the range where the adaptive length can move. When the asset velocity increases the indicator shortens its lookback period. When the asset velocity decreases the indicator lengthens its lookback period. The higher...
Abstract This script provides a set of Trendline Channels which can be tighter than Donchian Channels. This script computes the most suitable active upper and lower trendlines and updates them as soon as possible. We can use it for breakout signals earlier than Donchian Channels. Introduction Channels are tools which can mark area of values of ranging...
I gathered all the signals coming from the MACD & Donchian channels indicators and filtered them with EMA 200 or ADX > 25 indicators (which both of them show the trend), and put them on the chart to show me the buy and sell signals; the signals rules are as following: BUY: when we have an uptrend ( the price is above the EMA 200 or ADX > 25 ) & the macd line...
What if we took the best elements from the Donchian Channel and the Ichimoku cloud and combined them into a complete system? Strengths of the Donchian Channel: -Dynamic support and resistance -Measures volatility Strengths of the Ichimoku Cloud: -Can detect when price is trending vs ranging -Retracement zones -Trend identification === HOW TO USE THE INDICATOR...
This script is based on the famous turtle strategy with add on cha stop. - Fast Buy triggered when price cross upper DC 20. - Slow Buy triggered when price cross upper DC55. - There is 2 lines (black line) which is Stop Line and Average Up line. - Stop when price close below Stop Line and Average Up when price close above Average Up line. - There is 2 Sell signal...
Release Note: Idea of this script is to ride on the trend. Multiple dynamic support and resistance are identified and those levels are used Step Lines: There are 3 different periods by default are used to define 3 different step lines. On any trend, either of these 3 steps shall play major role Color Strength: Change in Red & Green color and its...
this script is based on MACD strategy for MACD: when we have an uptrend ( the price is above the EMA 200) & the macd line cross up the signal line while they are both under the 0 level of histogram it generates buy signals. when we have a downtrend ( the price is below the EMA 200) & the macd line cross below the signal line while they are both above the 0 level...