RSI of Ultimate Oscillator [SHORT Selling] StrategyThis is SHORT selling strategy with Ultimate Oscillator. Instead of drectly using the UO oscillator , I have used RSI on UO (as I did in my previous strategies )
Ultimator Oscillator settings are 5, 10 and 15
RSI of UO setting is 5
Short Sell
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I have used moving averages from WilliamAlligator indicator --- settings are 10(Lips), 20(teeth) and 50 (Jaw)
when Lips , Teeth and Jaw are aligned to downtrend (that means Lips < Teeth < Jaw )
Look for RSIofUO dropping below 60 ( setting parameter is Sell Line )
Partial Exit
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When RSIofUO crossing up Oversold line i.e 30
Cover Short / Exit
=================
When RSIofUO crosisng above overbought line i.e 70
StopLoss
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StopLoss defaulted to 3 % , Though it is mentioned in settings , it has not been not used to calcuate and StopLoss Exit... Reason is, when RSIofUO already crossed 60 line (for SHORTING) , then it would take more efforts go up beynd 60. There is saying price takes stairs to climb up but it takes elevator to go down. I have not purely depend on this to exit stop loss, however noticed the trades in this stratgey did not get out with loss higher than when RSIofUO reaching 70 level.
Note
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Williams Alligator is not drawn from the script. It is manually added to chart for illustration purpose. Please add it when you are using this strategy , whch woould give an idea how the strategy is taking Short Trades.
This is tested on Hourly chart for SPY
Bar color changes to purple when the strategy is in SHORT trade
Warning
========
For the eductional purposes only
מתנדי ביל וויליאמס
[Daveatt] BEST ABCD Pattern Strategy (Trailing SL + TP)Hello traders
This is the strategy version of my ABCD pattern. I added the Trailing Stop and Trailing Profit upon a follower request
I - Concept
I present to you, ladies and gentlemen, the first screener for harmonic patterns .
Starting with an ACBD pattern screener this time!!
I used the calculations from Ricardo Santo's script
In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!!
II - Definitions
The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again.
The ABCD pattern shows perfect harmony between price and time.
The Williams Fractal is an indicator, developed by Bill Williams , that aims to detect reversal points (highs and lows) and marks them with arrows.
Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop
💎Strategy filters💎
I included some cool backtest filters:
- Trailing stop with trigger concept coming from this Trailing Stop Strategy
- Trailing profit with trigger coming from this Trailing Profit Strategy
Last words
It works for all asset classes (Forex, crypto, indices, etc...) and does not repaint
All the BEST
Dave
Chaloke System StrategyChaloke System Strategy
This is a trend indicator
Atr and 3 moving averages are used
Short 9-day moving average,Medium 15-day moving average,Calculated with a long 24-day moving average.
Atr period : 5
Sht,Mid,Lng calculation method is different
Buying Strategy
long = crossover(Sht,Mid) and close > Sht
Selling Strategy
short = crossunder(Sht, Lng ) or close < Lng
Buy should be done when the barcolor turns green
Sell should be done when barcolor is red
When the barcolor is black, there may be change.
Fractal Breakout StrategyFractal
A type of pattern used in technical analysis to predict a reversal in the current trend. A fractal pattern consists of five bars and is identified when the price meets the following characteristics:
1. A shift from a downtrend to an uptrend occurs when the lowest bar is located in the middle of the pattern and two bars with successively higher lows are positioned around it.
2. A shift from an uptrend to a downtrend occurs when the highest bar is located in the middle of the pattern and two bars with successively lower highs are positioned around it.
BEST ABCD Pattern StrategyHello traders
This is the strategy version of this script
I - Concept
I present to you, ladies and gentlemen, the first screener for harmonic patterns.
Starting with an ACBD pattern screener this time!!
I used the calculations from Ricardo Santo's script
In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!!
II - Definitions
The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again.
The ABCD pattern shows perfect harmony between price and time.
The Williams Fractal is an indicator, developed by Bill Williams, that aims to detect reversal points (highs and lows) and marks them with arrows.
Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop
💎Strategy filters💎
I included some cool backtest filters:
- flexible take profit in USD value (plotted in blue)
- flexible stop loss in USD value (plotted in red)
The take profit and stop loss should work with Forex/FX pairs as well
All the BEST
Dave
WMX Williams Fractals strategy V4There are some magic numbers out there! Guys, Check this out!
if you like it please support me with a like or leave your comments below
Scalping with Bill Williams AlligatorScalping strategy based on Bill Williams Alligator technique but calculated with heikin ashi candles.
This strategy has to be applied to standard candles and low time frames (1min to 5min)
Thanks to all pinescripters mentined in the code for their snippets.
It could be improved with stop loss based on ATR etc.
I have also a study with alerts.
Please use comment section for any feedback or contact me if you need support.
Bull and Bear Fear Expert by Walter Downs StrategyBull and Bear Fear Expert by Walter Downs Strategy
RSI Alligator StrategyHello trading family! Just wanted to give a quick write up and share the new code for the RSI Alligator Strategy. I amended it to show every crossover signal, weak and strong, so we can accurately gauge its effectiveness.
Having played with this for a couple hours now I have learned a few things
-Using Heikin Ashi seems to smooth it out a bit and provides about 20% fewer signals, leading to overall more accuracy. However, it can be misleading as the Heikin Ashi opening price doesn't always line up with the market price, especially in cases of large moves. Overall though it didn't seem too far off except for a few instances.
-Also, using the Heikin Ashi gives you a better idea of the trend, which this indicator is primarily used to detect and exploit.
-Having tested on TF of 1H-1D, overall profitability is found to be highest between 4H-12H, with 1D giving the "safest" longer term signals, and lower TF's generating many more signals due to volatility.
-Instead of waiting for the next signal in order to close, you can often use a crossover/crossunder of the 5 and 13 to close the previous trade, especially if paired with a Heikin Ashi of opposite color (green to close a short, red to close a long)
-You will also notice several instances where the Green 5 period show divergences that aren't visible on the regular RSI, another handy little feature
So far I have still only tested this on BTCUSD. Feel free to apply it to any coin and let me know what you find.
Here is the script. If you have any ideas or suggestions please let me know!
RSI Alligator Strategy [forked from jedireza]Backtester for RSI alligator is Williams Alligator strategy using Relative Strength Index to predict entries
Original script can be found at
BB+AO STRATto be used with AO indicator, based on forex strat --
www.forexstrategiesresources.com
works on 1/3/5/15/30 candles, buy signals are best when the black 3 fast ema crosses up through the red mid band
BB+AO STRATto be used with AO, based on forex strat --
www.forexstrategiesresources.com
works on 1/3/5/15/30 candles
Smoothened Williams Accumulation/Distribution (Williams AD) Accumulation is a term used to describe a market controlled by buyers;
whereas distribution is defined by a market controlled by sellers.
Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making
a new high and the A/D indicator is failing to make a new high. Sell.
Accumulation of the security is indicated when the security is making
a new low and the A/D indicator is failing to make a new low. Buy.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Williams Accumulation/Distribution (Williams AD) Backtest Accumulation is a term used to describe a market controlled by buyers;
whereas distribution is defined by a market controlled by sellers.
Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making
a new high and the A/D indicator is failing to make a new high. Sell.
Accumulation of the security is indicated when the security is making
a new low and the A/D indicator is failing to make a new low. Buy.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Accelerator Oscillator (AC) Backtest The Accelerator Oscillator has been developed by Bill Williams
as the development of the Awesome Oscillator. It represents the
difference between the Awesome Oscillator and the 5-period moving
average, and as such it shows the speed of change of the Awesome
Oscillator, which can be useful to find trend reversals before the
Awesome Oscillator does.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading
Bill Williams. Awesome Oscillator (AO) Backtest This indicator is based on Bill Williams` recommendations from his book
"New Trading Dimensions". We recommend this book to you as most useful reading.
The wisdom, technical expertise, and skillful teaching style of Williams make
it a truly revolutionary-level source. A must-have new book for stock and
commodity traders.
The 1st 2 chapters are somewhat of ramble where the author describes the
"metaphysics" of trading. Still some good ideas are offered. The book references
chaos theory, and leaves it up to the reader to believe whether "supercomputers"
were used in formulating the various trading methods (the author wants to come across
as an applied mathemetician, but he sure looks like a stock trader). There isn't any
obvious connection with Chaos Theory - despite of the weak link between the title and
content, the trading methodologies do work. Most readers think the author's systems to
be a perfect filter and trigger for a short term trading system. He states a goal of
10%/month, but when these filters & axioms are correctly combined with a good momentum
system, much more is a probable result.
There's better written & more informative books out there for less money, but this author
does have the "Holy Grail" of stock trading. A set of filters, axioms, and methods which are
the "missing link" for any trading system which is based upon conventional indicators.
This indicator plots the oscillator as a histogram where periods fit for buying are marked
as blue, and periods fit for selling as red. If the current value of AC (Awesome Oscillator)
is over the previous, the period is deemed fit for buying and the indicator is marked blue.
If the AC values is not over the previous, the period is deemed fir for selling and the indicator
is marked red.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
Bill Williams. Awesome Oscillator (AC) Backtest This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
You can change long to short in the Input Settings
Please, use it only for learning or paper trading. Do not for real trading.
Bill Williams. Awesome Oscillator (AC) Strategy Backtest This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
You can make changes in the property for set calculating strategy MA, EMA, WMA
Please, use it only for learning or paper trading. Do not for real trading.
