Thought it would be interesting to look into psychological barriers (round numbers) denominated in foreign currencies and see where those barriers show up on a USD chart.
I did a couple of quick and superficial Internet searches to get an idea of which USD pairs are being used the most to trade Bitcoin. My conclusion is that the most relevant currencies are the...
A while ago, we wrote* about the usefulness of using a currency strength meter and how you can build one from scratch.
See here: www.globalprime.com.au
Now we've taken this little project to the next level by visually spotting, via color signals in a dashboard and alerts, when a...
This script shows average absolute values of the open minus close (or largest of open to high/low if option is selected), for each hour of the day. It can be used to find high and low volatility hours for strangles and butterflies.
You must have the daily time frame selected for it to work properly.
The "mul" multiplier will show "whole pips" (i.e. 10 instead of...
Early version of a script to compare one currency against multiple to get an index.
Default values loaded basically make something along the lines of, "USD global exchange rate"
I plan on making this less clunky/messy in future with respect to the coding and the user inputs. Works 100% right now though.
There are few indicators for MT4 which draw trailing stop line. I prefer to use Chandelier Stops. I believe that with good money management this is one of the best tools to follow a trend.
About ATR trailing stop loss (Chandelier Stops)
When you catch trend you can profit from most of the move. The good thing about ATR is that you have a stop loss level in...
study("Forex Sessions", shorttitle="SessionsFX", overlay=true)
t1 = time(period, "0700-1600")
t2 = time(period, "0200-1100")
t3 = time(period, "1800-0300")
t4 = time(period, "1600-0100")
NewYork = na(t1) ? na : green
London = na(t2) ? na : red
Tokyo = na(t3) ? na : blue
Sydney = na(t4) ? na : aqua
//white silver gray maroon red purple fuchsia...
This strategy uses 5 Simple Moving Averages and 2 ZeroLag Exponential Moving Averages, to determine possible entries and exits.
- Pretuned for Forex on 15m period
- Uses SMA(10/20/50/100/200) and EMA(9/21) by default
- Be cautios in sideward markets!
The code in this post contains a set of default strategy inputs I use in new projects / backtests in Tradingview.
Full code commentary is available on the Backtest-Rookies website. To comply with house rules, I cannot post the direct link here.
Trade Direction: So that you can limit the strategy for long only, short only or trade in both directions....
This script calculates a simple Ichimoku Score based on the signals documented here, with a few additions. Each of the score components can be individually weighted via the script inputs. The output is a plot of the normalized Ichimoku score, in the range of -100 to 100.
This script has been heavily modified from 'Ichimoku Cloud Signal Score v2.0.0'. Credit to...
This is an application of the WaveTrend indicator by LazyBear against a basket of the eur and usd to come up with a total eur and usd wt value. You can change the currencies by altering which pairs its run on. As far as changes I removed the lagging 4sma and altered the OB OS to be 2 and 3 standard deviations from a 1000sma just to get a stable view as to where...
Calculates the strength of a particular currency taking into account it's rate of change (% price change in a period) in all correlated and anti-correlated pairs. For instance, when looking for USD strength we will add ROC for USDCAD, USDCHF and USDJPY while subtract AUDUSD, EURUSD, GBPUSD and NZDUSD.
After ROC step, one can smooth the result using EMA, or...