This strategy very simple it detect the reversal of trend. whenever the candle settle above the 5 EMA without touching the candle body / Low / High to 5 Period EMA , it detect the candle and draws the signal. How Draw Signals on chart : Short Position : if Candle settle above 5 EMA without touching it body / low it will indicates the possibility of reversal...
This script would find potential reversal price zones according to RSI over bought or sell condition and big reversal candle. It works better in range markets and lower time frames like 5M and especially in Support/Resistance zones. Suit for scalping in forex or crypto markets. * Use it as a trade assistant not a trade signal!
Volatility Band Long Only Reversal Trading System
This strategy is commonly used both in forex and stock markets for reversal trading. when the rsi line reaches and crosses simultaneously at 3 rsi setups i.e at 7, 14, and 21, a signal is generated. This strategy works best in 1-hour timeframe. It provides over 60 to 80 percent accuracy in 1-hour timeframe. In the stock market, this strategy provides an...
Hello Traders, This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to select 1-5 timeframes to detect overbought and oversold. Green Background is...
Hello Traders, This indicator use the same concept as my previous indicator "CCI MTF Ob+Os". It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to...
I discovered this mechanical trading system titled "This Algo Strategy Has Only 3 rules and 62% Win Rate". I coded the trading system on Tradingview...and now I am introducing it to you guys. I modified the system so that it has both buy & sell signals. I've tested it repeatedly in different markets on TV including stocks, currency pairs, bitcoin, and...