This is an experiment I did a while back ago.
I often think On Balance Volume is a great indicator as trend direction and volume cannot lie.
However, I bumped into a few problems.
It is slow, doesn't show volatility and often time it is prone to chop.
That's why I added ATR to the equation.
Original OBV calculation
src > 0? : +volume : src < 0?...
Despite I am not a big fan of Renko I spent some time to solve a common problem of chart type identification using absolutely obvious technique: Renko bricks have the same size. That's all. Not a cutting-edge maths.
This tool allows to identify:
ATR Renko charts (see ^)
Traditional Renko charts
Here is example for Traditional...
The script allows you to test popular candlestick patterns on various instruments and timeframes. In addition, you can configure risk management (if the value is zero, it means the function is disabled), and you can also specify the time of the trading session (for example, so that the positions are not transferred to the next day).
The author is grateful to...
In The first version the fibs were done by SMA fibs, In this version the line are correlated to the real pivots or fib level whichever you choose
so it a different way to look on the movment of fibs and pivots by time and to see the real support or resistance level
support are in blue , resistance in red, black line is median
This is a rescaled version of the script (www.tradingview.com...) by oh92. Rescaling allows to represent data in a more contrastive way. All thanks, bells and whistles are to be attributed to the author.))
This strategy utilizes Parabolic SAR (Stop and Reverse) along with EMA filtering to improve accuracy. Use the strategy to find optimal settings for the pair your are trading.
1. SAR below price action
2. Above slow EMA (Default 100 EMA)
3. Update trailing stop daily and exit trade once stopped out.
1. SAR above price action
2. Below slow EMA (Default...
Bands and trailing stops are important indicators in technical analysis, while we could think that both are different they can be in fact closely related, at least in the way they are made. Bands and trailing stops can be made from a simple central tendency estimator, like a moving average, and from a volatility estimator like standard deviation,...
As promised here's the indicator with the formula of my blog article
There are 3 lines:
Fair Price Line or Bottom Line = indicates the fair price of Bitcoin and it's also an important historical support line
MidLine = indicates the regression applied to all data points since July 2010 and can be seen as an upper limit of the fair price, above midline starts...
This study shows great accuracy for longing BTC and ultimately the goal is to pair with a 3commas bot for automated trading.
If your not a current user of 3commas consider using my reference link and showing support!