Consecutive Unswept Lower Highs/ Higher Lows Counter
twingallUppdaterad
Counts consecutive Lower Highs and Higher Lows; number resets to zero when previous pivot high or low gets swept -To help give an idea of when a retracement / run-on-stops may be overdue. i.e. the higher the counter number grows, the longer we've gone without a proper retracement.//inputs//~pivot lookback/lookforward: increase this for more significant pivot...
191
9
Contrarian Scalping Counter Trend Bb Envelope Adx and Stochastic
exlux
Contrarian Scalping is an trading strategy designed to take advanted of a counter-trend.The advantage of these strrategies types is that they have a good profitability but with do not great gain (in relation at the time frame).Indicators used:BollingerEnvelopeADXStochasticRules for entryFor short: close of the price is above upper band from bb and...
306
3
%R Trend Exhaustion [upslidedown]
upslidedownUppdaterad
I love Williams %R! This indicator mixes two %R periods... a standard %R with a longer period %R. The longer period of 112 has interesting results for trend following strategies in the crypto market through backtesting. Alone these are fairly ordinary but together they provide a very interesting trend exhaustion/reversal system while filtering out some noise. I...
scalping against trapped countertrend
clocks156t174
AbstractThis script attempts to find the end of countertrend.This script uses oscillators to measure long term and short period trends. When the long term trend keeps positive and clear short term period is over, this script provides a buy signal.This script does not contain pullback, cut loss and re-enter. You need to add it manually.IntroductionMany...
624
7
Dynamic Envelope
AlgoTrading_CC
A dynamic envelope is designed to build an actual envelope that consider the volatility of a trading instrument.A dynamic envelope is an ideal counter-trend indicator, it takes into account the nature of the movement of the instrument. At the same time, it does not require adjustment of parameters over time, it adjusts itself to volatility.The indicator can be...
247
18
Close Counter Histogram
dman103Uppdaterad
An interesting experiment to make an indicator act as a counter. I call it CCH - Close Counter Histogram.It adds 1 when current close is higher than previous close and reduces -1 when current close is lower than previous close.In the CCH settings you set how many bars to look back and use EMA to smooth the results or disable EMA smoothing.Disable the EMA...
174
4
Advancing Declining Oscillator
dman103Uppdaterad
Yet another Array indicator, simple, but efficient which i call ADO. The indicator acts as a COUNTER of when CLOSE closes above OPEN and vice versa based on specified look back period in settings.If we have more Closes above Opens, obviously the indicator will be above ZERO and GREEN, otherwise RED.Optional to smooth it by EMA (true by default).Like if you...
129
2
GMS: Candlestick Patterns with RSI Filter
GlobalMarketSignals
I wanted to apply an RSI filter to some of the new Candlestick Patterns (in the indicators tab) since some of them looked to be quite effective for picking reversals. Turns out it's a pretty good pairing.You can modify the RSI length in addition to the upper and lower thresholds. I also added in check boxes to combine different bullish and bearish patterns.The...
418
4
Falling Knives Jagged Spikes
NYBKLYN
The purpose of this script is to trade with the trend, trade trend continuation, and counter-trend trades.Uptrend is price above 200 ema: Background is green and the bar colors are normalDowntrend is price below 200 ema: Background is red and the bar colors are normalCounter-trend to uptrend--Bar colors are white and the background is purplecounter-trend...
215
1
RSI Swing Signal
ZenAndTheArtOfTradingUppdaterad
This indicator is a tool designed to be used with Steven Hart's RSI Exhaustion strategy. For more information google TheTradingChannel or look him up on YouTube :)The default RSI settings for this strategy are: RSI Overbought: 80 RSI Oversold: 20 Length: 7When the RSI gets above 80, the line will turn red and the script will begin looking for a specific...
3267
16
Naked Forex Trading Strategy
AlistarElvis
Based on "How Naked Trading Works" video by Walter Peters: youtu.be I don't know this person and I am in no way affiliated with him. I just found his video interesting enough to make this into a script.Rules as described by Walter in his video:1. if current candle makes a higher high than the previous one2. and is a bearish engulfing candle3. and has room to...
824
21