Backtest your study like a strategy with our Study Backtester. Visualize your script's performance directly on the chart. Simple to use, copy-paste a few lines of code (shown below) into your script, then set your script as input to the Study Backtester. Visualize how your script performs against buy-and-hold over time, and get a nice print out of stats. ...
What this can be used for: If you've already decided you want to trade a symbol, this can identify points of momentum alignment. If a strong move has recently happened and you're looking for a change in momentum. How it works: This is a weighted combination of a Stochastic RSI and two modified SuperTrend (ATR Trailing Stop) indicators: The...
Displays recent higher and lower highs. In it's simplicity is a lot more powerful than might appear at first glance. Does not rely on volatility calculation. Can be linked together to create an objective view of recent resistance levels. Makes current trends more visible. Excellent as a trailing stop (short) algorithm. Can be used with its sibling: ...
Displays recent higher and lower lows. In it's simplicity is a lot more powerful than might appear at first glance. Does not rely on volatility calculation. Can be linked together to create an objective view of recent support levels. Makes current trends more visible. Excellent as a trailing stop algorithm. Can be used with its sibling: Local Limit Upper
This indicator was invented in 2001 by Konstantin Kopyrkin. The name "Nick Rypock" is derived from his surname reading in the opposite direction: Kopyrkin -> Kopyr Kin -> Kin Kopyr -> Nik Rypok The idea of the indicator is similar to the Chandelier Exit, but doesn't involve ATR component and uses a percentage instead. A dynamic price channel is used to...
Hello this is my new adapt indicator "G-ATR Box V.1" It's just nearly normal ATR but I create in box color. My problem when I use ATR trailing stop my screen is not clean and when I use finonacci or trend line is hard to see. How to use Blue = Pre-buy : Waiting for another buy signal Green = Buy : Holding the stock Yellow = Weak uptrend : Waiting for Sell...
This indicator is the part of ichimoku kyo hyo. I luv kijun-sen very much kijun-sen is develop form (Highest - Lowest)/2 It's mean 50% of fibonacci and I create color Green for price over the kijun-sen when the price cross down the kijun-sen it'sll be Red
Fishing The Trend - Setup HOW Does it work ? The name itself says we must have a trading setup for ease of trading for getting the most from the market. i.e. Combining the most useful indicator under one roof... Fishing The Trend - Setup have following ::- 1) IntraDay Range. 2) Four Friends. 3) Fishing The Trend. 4) Multi Time Frame - Custom VWAP. 5)...
The 'SMA + Trend Strength + Trailing Stop Loss' indicator was designed for swing trading long positions over the course of days/weeks. The benefit of the indicator is to identify areas where the market of a given asset is showing signs of a strong uptrend, divergences, and fear. A 13-bar simple moving average is color coded to four colors based on 5 given...
Buy and hold investors may decide to use trailing stops to protect profits and capital from market crashes, especially during bull markets. The purpose of this indicator is to hep investors to identify a location to place them. The indicator plots the highest high from 'x' bars ago. It then plots a trailing stop loss 'y' percent below that line. The...
This indicator comes with a backtest and alert version. This is the alert version. Its purpose is to create low timeframe and scalping strategies, by choosing from a list of built-in entry points which are described in detail below, and by configuring a risk management system to your liking. Before diving into the entry points, I will explain the strategy and...
This is a heiken ashi pivot based trailing stop for breakout entries and exits. It's possibly related to the Swing Index System by Welles Wilder or an alternative to it that I came up with, in case determining the swings on the Accumulative Swing Index is too much of a burden. It is believed that the ASI uses the calculation of heiken ashi in its formula. This...
This is a full, true, and pure implementation of trailing buy/sell for the Jackrabbit suite and modulus framework. This module is not a standalone and relies on previous modules to send a signal data in order to function properly. This module acts on buy and sell data from within the indicator on indicator framework that TradingView supports. This module adds...
This indicator is a simple trailing stop. with this we can trail our price. inputs that we can put with this indicator are: 1. Entry price: open, close, high, low, etc. 2. Position: Long, Short 3. Stop loss range: integer value only 4. Entry hour, Entry minute, Entry month, Entry Year, Entry Day By taking all the above input this will work according to the...
This is a breakout system that has pivot swing lines and a trailing stop built in. Many people try to use different ways to find out what a swing point is such as, zig zags, lookbacks, fractals, hand-drawn chart lines, or other subjective indicators. This looks at the heiken ashi price to objectively find the swing pivots. Many would agree that the color changes...
This can be used to compliment the Directional Movement Index if used as a standalone trading system. In addition to using the ADX and DI lines, a trailing stop can be used when the DI lines cross. If the plus line is above to show a buy signal, then the low of the price of when which the cross took place is used as a trailing stop. If the minus line is above to...
Studies Used: We have used different type of moving averages and average true ranges in this indicator. Usage: It can be used for scalping and Intra-day trading. It works on all time frames and Scripts. It provides easy to visualize multiple information: 1) It gives the correct Entry on Time. 2) Fake trends are shown on purple color of trend line . 3) It gives...
This ATR + PSAR Trailing Stop indicator is unique. It comes with new ways of calculating ATR and PSAR to enhance performance and accuracy as well as give clarity in trends. The indicator can be used standalone or as a part of your current trading strategy. ATR + PSAR Trailing Stop (Expo) is a trailing stop indicator that combines ATR and PSAR to enhance the...