BlackBars
54 posts
msg #141139
- Ignore BlackBars |
1/18/2018 3:27:56 PM
With a strong ability to predict reversals, I'd like to present the exhaustion indicator 3000!! It's a work in progress but I need it converted into SF format so I could improve and enhance it here for everybody to use. I hope you find this impressive when applied to a random stock like ATVI:
https://prnt.sc/i2cdkd
Dots are the major swings and hollow circles are the minor swings.
Red means the trend is either reversing to the downside, or there is a pause in the uptrend.
Green means the trend is either reversing to the upside or there is a pause in the downtrend.
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This is in PINESCRIPT code and I am no expert at converting pine to SF code.
However if this can be converted into SF format, I PLEDGE TO EASILY TRANSFORM IT TO BE ONE OF THE MOST USEFUL PUBLIC FILTERS ON THIS WEBSITE.
You can apply the code to tradingview's pinescript feature but my intention with SF is to make a scanner for it's signals, which tradingview does not provide as well as add my own custom fib and S/R presets.
Here's the code;
//@version=2
study('Trend Exhaustion v1',overlay=true)
Maj1=input(6),Maj2=input(30)
Min1=input(5),Min2=input(5)
Maj3=input(true,title="Major Exhaustion")
Min3=input(true,title="Minor Exhaustion")
Var1(Var2,Var3)=>
Maj4=nz(Maj4[1],0)
Min4=nz(Min4[1],0)
Var4=0
if (close>close[4])
Maj4:=Maj4 + 1
if (close Min4:=Min4 + 1
if (Maj4>Var2) and (close=highest(high,Var3)
Maj4:=0
Var4:=-1
if ((Min4>Var2) and (close>open) and (low<= lowest(low,Var3)))
Min4:=0
Var4:=1
Var5=Var4
Maj5=Var1(Maj1,Maj2)
Min5=Var1(Min1,Min2)
//Major Buy & Major Sell
plotchar(Maj3 ? (Maj5==-1?high:na) : na, char='•',location=location.absolute,color=red,transp=0,size=size.normal)
plotchar(Maj3 ? (Maj5==1?low:na) : na , char='•',location=location.absolute,color=lime,transp=0,size=size.normal)
//Minor Buy & Minor Sell
plotchar(Min3 ? (Min5==-1?high:na) : na, char='○',location=location.absolute,color=red,transp=0,size=size.normal)
plotchar(Min3 ? (Min5==1?low:na) : na , char='○',location=location.absolute,color=lime,transp=0,size=size.normal)
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novacane32000
331 posts
msg #141147
- Ignore novacane32000 |
1/18/2018 5:04:38 PM
Great results on ATVI !
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BlackBars
54 posts
msg #141149
- Ignore BlackBars |
1/18/2018 5:42:55 PM
Yeah and I need it turned into a filter now.
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novacane32000
331 posts
msg #141195
- Ignore novacane32000 |
1/20/2018 1:32:33 PM
Davesaint,Mac,Four...can someone help here...
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Mactheriverrat
3,156 posts
msg #141199
- Ignore Mactheriverrat
modified |
1/20/2018 4:06:01 PM
This might give you some ideas.
Submit
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Mactheriverrat
3,156 posts
msg #141201
- Ignore Mactheriverrat
modified |
1/20/2018 4:24:23 PM
Here's just a quick plain filter. I've narrowed it down to pick up ATVI. One can find ATVI in the filter and seeing if dma(8,-5),8) cross cma(DMA(8,-5),8) would be a good trigger of what your looking for.
Submit
Submit
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davesaint86
725 posts
msg #141205
- Ignore davesaint86 |
1/20/2018 6:01:48 PM
Black Bears - Here is a message from Kevin - Your pinescript code was partially lost in his post (specifically around line 9). This happens when one uses "<" or ">" as they are HTML code descriptors. There is no way to really see what your are trying to do. A description of the strategy would also help.
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dustinb
29 posts
msg #141456
- Ignore dustinb |
1/28/2018 3:09:39 PM
BlackBars-your "The SIMPLEST Trend Reversal Indicator" you showcased on TradingView---what does the green line and blue line represent? What indicators?
You wrote:
"My favorite trading indicator and the simplest I have seen having great accuracy with every cross
Buy: Blue line crosses above Green line
Sell: When Heikin Ashi turns red after the buy signal"
Maybe we can help if you answer that question. Thanks!
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pthomas215
1,251 posts
msg #141458
- Ignore pthomas215
modified |
1/28/2018 3:36:14 PM
mac, i like it conceptually. having a hard time with the cma dma model as it relates to charting wealth. for example, KEM just had the weekly crossover, so in theory you have a buy signal. but on your chart it appears to have a cross downward happening. could it be that the trend is exhausted for a 4 hour chart but if there is a weekly crossover you will most likely have more gains in the near future? trying to cross the logic in both your model and charting wealth weekly crossover, since you can have a weekly crossover buy signal but not look so good on the cma dma model. does that makes sense?
Because MAC, i think your model catches stocks when the weekly is still down, 2 day is still down and 4 hour is coming around and about to cross over. "early stage" if you will. I worry i suppose cause of what TG sez all the time...stocks default to the weekly direction. anyways, good banter i think. let me know your thoughts.
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pthomas215
1,251 posts
msg #141462
- Ignore pthomas215 |
1/28/2018 4:47:38 PM
Mac, i think i understand better now. my apologies for pretty much talking to myself on here. the trend can reverse in the short term--maybe on a 4 hour chart basis for a day or two--but if the weekly is up still it might only be a short term reversal....cause it will usually trend in the direction of the weekly.
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