This is the NYSE Advancers - decliners which the SPX pretty much follows. You can chart it like any index (ADD -NYSE $ADV MINUS $DECL) but I find it more useful in a separate panel with colors for direction. The level gives an idea of days move (example: plus or minus 500 is not much movement through the session) but I follow the direction as when more stocks...
Modded RSI and MACD for intraday use. If rsi above 60 and macd is above zero line then go for buy and if rsi is below 40 and macd below zero line then go for sell side. use it in small timeframe i.e. 3 minute or less. better for scalp trading Happy Trading Love INDYAN #It can be used best with INDYAN Go With Trend
This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
Calculate Pearson-correlation-coefficient of selected cryptocurrency with Bitcoin average price of 10 different exchanges. This is helpful in scalping(at least for me), by using this we can find co-relation between a cryptocurrency and Bitcoin . Here we are using Bitcoin average price of 10 different exchanges. It is an oscillator with minimum value -1 and...
This script uses the highs and lows of the candles (instead of the close) to make a "channel" to reference while scalping. Use the green lower line as a guide to go long and the red upper line as a guide to go short. You may use the lines as potential entry points and direction but you may want to consider exiting before the opposite colored line prints, as that...
In the study of time series, and specifically technical analysis of the stock market, a moving-average cross occurs when, the traces of plotting of two moving averages each based on different degrees of smoothing cross each other. Although it does not predict future direction but at least shows trends. This indicator uses two moving averages, a slower moving...
Moving Average based strategies are very popular ones among both long-term investors and short-term traders as they can be tailored to any time frame. One of the main moving average strategies are crossovers. The very simple type is a price crossover , which is when the price crosses above or below a moving average to signal a potential change in...
Scalpy is made up of a 2 main parts. - The cloud comprising of a 10 period SMA and a 30 period SMA. - When the cloud is green you should be looking for long entries. - When the cloud is red you should be looking for short entries. - Price is most bullish above a green cloud and most bearish below a red cloud. - Being within the cloud indicates...
It is a trend detector indicator, using 3 moving averages. You can select different MA's and set the periods of them. If all 3 is increasing, the color will be green, if decreasing, the color will be red, gray otherwise. It can be used for e.g. scalping.
Plots yesterday's low and high, and the current day's open, as intraday support/resistance levels.
Just a quick hack to combine both studies. Could be used for scalping or whatever you find it useful for... ;) Alerts should work but no backtesting done on it.
Scalping 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...
This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org © 03.freeman This strategy is based only on T3 moving average, but uses sma 200 as filter for enter long or short. The default settings considers a daily timeframe. The strategy is very simple: long if T3 increase, short if T3 decrease. Note that if you set volume factor...
This is part of a series of strategies developed automatically by a online software. I cannot share the site url, which is not related to me in any way, because it is against the TV reules. This strategy was optimized for GBPUSD, timeframe 1D, fixed lots 0.1, initial balance 1000€. LOGIC: - LONG ENTRY when previous candle is bear - LONG EXIT: RVI > signal...
I translated a scalping system by Navin Prithyani into pine and want to share it with you. Navin has a lot of resources for the system online including an extensive +60m video explaining the ins and outs. Including links is against the house rules, so you'll have to DYOR. Quick Criteria Overview: --- - Can see through EMAs - Entry above the signal candle - Stop...
v1 V2 V3 So I forgot this existed so here is the Opened sourced code (pm me for older sorce code there are 600+ Saves)(pm me for other scrips course code too lazy to republish everything) Changes: Simplified and annotated code/upgraded to v4 format as always adjust before using i use this indicator combined with the other frequency one to help me...
This is a simple script that will visually show where buy and sell points occur based upon configurable price action. I wrote this purposefully to evaluate stablecoins and other narrow or fixed ranged markets where algorythms don't generally do well. Putple triangles, pointing up, are buy signals. Purple triangles, pointing down are sell signals Alert...