Omega_galskyThe strategy uses three Exponential Moving Averages (EMAs) — EMA8, EMA21, and EMA89 — to decide when to open buy or sell trades. It also includes a mechanism to move the Stop Loss (SL) to the Break-Even (BE) point, which is the entry price, once the price reaches a Risk-to-Reward (R2R) ratio of 1:1.
Key Steps:
Calculating EMAs: The script computes the EMA values for the specified periods. These help identify market trends and potential entry points.
Buy Conditions:
EMA8 crosses above EMA21.
The candle that causes the crossover is green (closing price is higher than the opening price).
The closing price is above EMA89.
If all conditions are met, a buy order is executed.
Sell Conditions:
EMA8 crosses below EMA21.
The candle that causes the crossover is red (closing price is lower than the opening price).
The closing price is below EMA89.
If all conditions are met, a sell order is executed.
Stop Loss and Take Profit:
Initial Stop Loss and Take Profit levels are calculated based on the entry price and a percentage defined by the user.
These levels help protect against large losses and lock in profits.
Break-Even Logic:
When the price moves favorably to reach a 1:1 R2R ratio:
For a buy trade, the Stop Loss is moved to the entry price if the price increases sufficiently.
For a sell trade, the Stop Loss is moved to the entry price if the price decreases sufficiently.
This ensures the trade is risk-free after the price reaches the predefined level.
Visual Representation:
The EMAs are plotted on the chart for easy visualization of trends and crossovers.
Entry and exit points are also marked on the chart to track trades.
Purpose:
The strategy is designed to capitalize on EMA crossovers while minimizing risks using Break-Even logic and predefined Stop Loss/Take Profit levels. It automates decision-making for trend-following traders and ensures disciplined risk management.
Indicadores y estrategias
Green Candle AlertThis indicator allows you to get signals and alerts for the closing of green candles.
SMK 1352 - Multi-Position Indicatorthis indicator is just for information and testing only.
it!s not recommended for real trading use.
any responsibility of usage is on user account.
this is just the beginning and may be updated in future.
EMA & RSI Buy/Sell Signalsbuy and sell signal for ema and rsi signals. has buy and sell signals for the perfect trade.
BTC Scalp 003echnical Indicators:
EMAs: 50-period and 200-period Exponential Moving Averages to identify trend direction.
Bollinger Bands: 20-period SMA with standard deviation to gauge volatility.
RSI: 14-period Relative Strength Index to detect overbought or oversold conditions.
MACD: Moving Average Convergence Divergence for momentum assessment.
Volume: Current volume and its 20-period moving average to confirm trade signals.
BTC Scalp 003echnical Indicators:
EMAs: 50-period and 200-period Exponential Moving Averages to identify trend direction.
Bollinger Bands: 20-period SMA with standard deviation to gauge volatility.
RSI: 14-period Relative Strength Index to detect overbought or oversold conditions.
MACD: Moving Average Convergence Divergence for momentum assessment.
Volume: Current volume and its 20-period moving average to confirm trade signals.
BTC Scalp 003echnical Indicators:
EMAs: 50-period and 200-period Exponential Moving Averages to identify trend direction.
Bollinger Bands: 20-period SMA with standard deviation to gauge volatility.
RSI: 14-period Relative Strength Index to detect overbought or oversold conditions.
MACD: Moving Average Convergence Divergence for momentum assessment.
Volume: Current volume and its 20-period moving average to confirm trade signals.
Configurable EMAPlots four configurable exponential moving averages to get a better understanding of stock momentum shift.
Price Averages Indicatoraveraging price of previoud day close and current day open, with averging of day's high and low price
[ADDYad] Google Search Trends - Bitcoin (2012-2024)Bitcoin Google search trend data from 2012 to 2024 as an indicator.
The data was retrieved from Google trends. (Cited in code as I can't add links here)
Meant to be plotted in monthly chart as the data downloaded had only monthly values.
Other time frames are just linear interpolation from monthly.
itsmrk_Breakout Strategy_Testtest educational purpose test educational purpose test educational purpose test educational purpose test educational purpose
Multi GAP DetectorThe Gap Detector Indicator is a custom trading tool that identifies and illustrates four distinct types of price gaps on a chart. Each gap type has unique characteristics and implications for market behavior. Here’s a breakdown of the indicator’s features:
Gap Types
Common Gap:
Description: This gap occurs between two price quotes without significant market news or events.
Visual Representation: Shown as a blue line on the chart, indicating the area of the gap.
Breakout Gap:
Description: This gap typically follows a period of consolidation and is often triggered by economic events. It signifies the start of a new trend.
Visual Representation: Marked with a green line on the chart.
Continuation Gap:
Description: This gap appears during an existing trend, usually located mid-trend. It can signal the continuation of the current trend.
Visual Representation: Indicated by an orange line on the chart.
Terminal Gap:
Description: This gap occurs at the end of a trend, suggesting a potential reversal and the beginning of a new trend.
Visual Representation: Shown with a red line on the chart.
Additional Features
Fibonacci Retracement Levels: The indicator calculates and displays Fibonacci levels (38.2% and 61.8%) based on the identified continuation gaps, helping traders to identify potential support and resistance zones for price retracement.
Alerts: The indicator can generate alerts when a terminal gap is detected, allowing traders to react quickly to potential trend reversals.
Usage
Traders can use this indicator to:
Identify and visualize significant gaps in price which may indicate trading opportunities.
Analyze market trends and make informed decisions based on gap types.
Incorporate Fibonacci retracement levels for further technical analysis and risk management.
Overall, the Gap Detector Indicator is a valuable tool for traders looking to enhance their market analysis and improve their trading strategies by focusing on price gaps and their implications.
Multi-Signal + ICT Concepts (HTF/FVG/Killzone/BOS)-CONSERVATIVEThis was made my chatgpt and my knowledgeable prompts
EMA CrossoverThis script plots the 5 EMA (green), 13 EMA (yellow), and 26 EMA (red) on the chart. It also highlights bullish and bearish crossovers with labels for easier identification. Let me know if you need further customizations!
3 EMAs with Custom LengthsThis code plots three Exponential Moving Averages (EMAs) on a price chart. EMAs are used to smooth price data and highlight trends.
Inputs for EMA lengths: The user can specify the lengths (e.g., 10, 20, 50 periods) of the three EMAs through input fields. By default, the lengths are set to 10, 20, and 50.
EMA Calculation: For each of the specified lengths, the script calculates the EMA based on the closing prices of the asset.
Plotting the EMAs: The three EMAs are drawn on the price chart in different colors, so users can easily compare them. These moving averages help in spotting trend direction, crossovers, and potential trading signals.
The overall purpose of the code is to give the user a visual representation of three EMAs on their price chart, which can be customized based on their trading strategy.
Nadaraya-Watson Price High Cross AlertNadaraya-Watson Price High Cross Alert Nadaraya-Watson Price High Cross Alert Nadaraya-Watson Price High Cross Alert
zigzag11Library "zigzag11"
zigzag(_low, _high, depth, deviation, backstep)
Parameters:
_low (float)
_high (float)
depth (int)
deviation (int)
backstep (int)
Monthly Short Entry LevelsBest used on AUDUSD.
This indicator is a very powerful tool. Enjoy this free tool that can help profit.