EASY SYSTEM v1So here I try to make the easy system better using different scripts
I keep the donchian % channel from easy first version --this good for setting your take profit or your stop loss use it wisely
I add the top and bottom finder - here I advise to use also another indicator to verify the spots , the last one always be the bottom but in dump it will show few bottom until it find the true bottom
I add bullish area zone and bearish area zone with colors which is optional if you want to see the trend that you are now
add pivot system with MTF for also helping to see the tops and the bottom
I suggest you to add linear channel of 200 length on top it so it will be more easy to see where the asset is going
Also see the volumes (I have many volumes indicators or any volume indicator of your choice
your Aim is to buy the lowest - and sell the highest so patience sometime can save you allot of money
most of mistakes is because we want to win and we enter either too early or too late .
חפש סקריפטים עבור "donchian"
highs and lowsThis system allow you to detect the highs and the lows based on open and close and donchian channel
with this system you can easy find the resistance and the support level
good from 4 hour chart to 5 min chart
The black line are the 10% margin which you can use as you exit point or your stop once we find a low by the donochian cahannel
The system try to help you to find the target of your take profit once you decided to go either short or long
There is no alerts but they can be added if one wish to do it
one can add TP to it or change settings as he wish if want to play with code. I keep it as idea only
main scripts are made from scripts that are open in TV
15 min graph
4 hour graph
Equil BB 20 + EMA 180 + Ret 90Mix of :
- Bollinger Bands (MA20)
- Donchian Average 90
- EMA 180
While MA20 is current period trend, EMA 180 is current period x5/6 trend
Helly Efficiency RatioIt is a variation of the Grimes Efficiency Ratio by Adam H. Grimes explained here:
adamhgrimes.com
Instead of calculating and then averaging the Donchian Channel Position I use the Keltner channel position, i.e. the HER gives you the average Keltner channel position over the last x days (Keltner channels +/-2.3 ATR20 on EMA20)
CM_Donchian Channels V3 revised by JustUncleLThis is a revised version of Chris Moody's "CM_Donchian Channel Modified_V2" script.
ChrisMoody:
"Modified Donchian Channel with separate adjustments for upper and lower levels. Purpose is if you expect big move up, use lower input for example 3 or 4, and longer upper input, eg. 40 - 100 and use lower input line as a stop out. Opposite if you expect big move down. Mid Line Rule in Long Example: If lower line is below entry take partial profits at Mid Line and move stop to Break even. If Lower line moves above entry price before price retraces to midline use Lower line as Stop...Opposite if Shorting."
V3 Revisions by JustUncleL 23-Aug-2017:
Change alert to use alertcondition
Upgraded to Version3 Pinescript.
Moved all breakout arrows to bottom of screen
Added bar colouring patch.
Changed some defaults.
[RS]Temporal Median Price V1EXPERIMENTAL: previous custom time window median price and current time window open price in a neat package :p
(JeanLouisHardy) added option for bar count system, also added a donchian average.
[RS]JR Flex Donchian Channel V0R1Experimental:
Request for JR, fixed some stuff...
erroneous functions using highest() when it should be lowest()
missing midline...
[RS]Murrey's Math Lines Channel V1EXPERIMENTAL:MML using a absolute deviation average oscilator, i think this gives better results then donchian channels.
color scheme for the bar color was ripped from UCS's MML oscilator :p thx.
Wave Channel 3D Wave Channel 3D
Built by Ricardo idea from JR & Aloakdutt from indieTrades Jan. 2010
This indicator is very easy to build. We utilize Moving Averages with a set multiplier and an offset. Specially we try to use Fibonacci sequence series numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144...) as time space and multiplier (default 89, 8). Also included is Donchian Channel to locate strong trends and possible future support - resistance.
Examples of support/resistance on chart.
Dominant Price Trends
Future Support Resistance
Comparing Fibonacci Series Time Space - Multiplier
When Comparing make note of confluence support/resistance showing up with Fibonacci Series
Example uses DC
When Comparing make note of confluence support/resistance showing up with Fibonacci Series
Example without DC / Smooth MA
Weight of Evidence BF**For Stocks (requires volume data) **
The premise of this indicator is that the wisdom of many is greater than one. The idea is you can throw out most of your indicators and simply adopt the Weight of the Evidence instead.
Eight indicators and five periods combine to give forty separate readings on a stock. These are all checked against a threshold to give a pass or fail score. The total is taken and a score is given out of 100 in increments of 2.5.
Four indicators are momentum-based: EMA, RSI, PercentRank, Lower Donchian Channel
Three are price-volume based:On Balance Volume, Price Volume Trend, Accumulation/Distribution
One is volatility-based: (Simplified) Volatility Stop
I have tried to make things simple with the entered periods being applied to all indicators. For some like on balance volume its actually a look back period for comparison of values. For the volatility stop I use the 3rd period for lookback and combine with 1 to 5 times ATR.
As this is a stepped function which can react rapidly it makes sense to smooth it with something like a 3-bar EMA, which is included by default.
Play around with the periods and different bar lengths to find something you like. I actually chose the default values with daily bars in mind but it seems to work well on weeklies! If you have other preferred indicators you could edit this script and substitute your own, although it is easiest to stick with the built-in functions as I have done.
Let me know how you get on with this and good trading to all!
TREND barcolorsThe Donchian values are basically from Ed Sekoytas original statistical run, that gave the values 30 & 120 (aren't as relevant today, but still packs a punch).
The idea of this code is just to take that 30, add a very simple inset of it, with ATR, and color code the bar Green or Red to indicate the direction of the trend. When a new break of the 120 line, (thick line) higher or lower, it typically indicates a bigger bias towards the trend.
It's my first publish, and so a very simple easy to understand system.
Use at your own risk. I cannot be held liable for any damages financial or otherwise, directly or indirectly related to using this script.
