This is a simple script to assist you in manual backtesting! Perfect for the NNFX crowd or anyone that enjoys manual backtesting.
1. Slap this bad boy on your chart.
2. Adjust period and multiplier (defaults are 14 period and 1.5x).
3. Put on the indicator/system you are testing.
4. Enter bar replay mode.
5. Drag your long/short position take profit and...
This indicator helps you defining your max sizing, depending on the max $$$ amount you're willing to risk against a specific exponential moving average (or VWAP, default is the 13ema).
You can define your max risk amount and your max allowed sizing. The indicator would suggest the best sizing in order to risk only up to the amount you are comfortable with on a...
This version of the MACD indicator is 'trawling' (checking) if the MACD histogram and the zero line crossing with the MACD line are both positive or negative. The idea behind this is to show areas with higher or lower risk.
1. Enable the bar color
2. Enable the background color
3. Change zero line value
"The MACD-Histogram is an indicator of an...
This is a simple trailing stop loss line for long and short positions.
It is calculated as a multiple of the ATR instead of a percentage.
You are able to change the multiple and the ATR length.
It can be used as a guide to where you should consider putting in your stop loss on a trade and to where you should move your stop loss to as the days go by.
This indicator helps traders implement proper risk management in their trading. For example, let's say that you were trading a $1,000 account and didn't want to risk more than 1% of your account on any one trade. If you were placing $100 positions, you wouldn't want the price to move more than 10% against you (10% of $100 is $10, which is 1% of $1,000). So,...
The Intraday Reversal Risk Indicator ("IRRI")
Copyright (C) 2017 Fournier, Bradford
Purpose: IRRI is simple yet efficient at spotting intraday UP-TO-DOWN reversals.
Advantages: IRRI often leads RSI and OBV as indicator of such up-to-down reversals.
Use-Case: IRRI can augment your intraday sell timing and decision making.
Example in attached image:...
A simple yet configurable indicator that shows recent traffic volumes.
The time period is specified as weeks/days/hours/minutes, not as bars.
Set the volume period to non-zero if you want to use a generalized double EMA instead of plain.
The "ratio" option will show the size of the current volume compared to the average volume as computed for the specified time...