All things TradingView

[manfloy]

thanks guys really appreciated one love

[manfloy]

i can't replicate the 3ball zz in tradingview, that could be an huge gap for analyze

[TheRumpledOne]

i can't replicate the 3ball zz in tradingview, that could be an huge gap for analyze

TO SIMULATE THE 3LZZ:

1 BALL = 5 PERIOD HIGH/LOW

2 BALL = 13 PERIOD HIGH/LOW

3 BALL = 34 PERIOD HIGH/LOW

Is it NOT exact but close enough you never miss one!

[dojirock]

2018-06-18_1344.png (187.53 KiB) Viewed 5272 times

doji

[manfloy]

thank you sir Doji , much appreciated one love !

[IgazI]

I always come back to the fibo. ret. tool

Currently I have the Line Width indicator set to select the lowest ATR(30) value of the last 20 days and
then cut that number in half.

Entry is on a line or between lines and exit is +1 or more lines.

dchappy.png (105.7 KiB) Viewed 5081 times

Code: Select all

//@version=3
study("Line Width")
x = 2.0//input(defval=2.0, title="Range/?")

range = security(tickerid, "720", atr(30)[1])/x
range1 = security(tickerid, "720", lowest(range,40)[1])

plot(range1, color = color(red, 60))


[IgazI]

The highest 30 SMA of the 2-bar ATR over the last 5 data points...maybe I am making things too complicated

Line_Width.png (66.13 KiB) Viewed 5002 times

[manfloy]

absolutely fantastic sir , if you could develop 1-2 more examples it will be very usefull !

[IgazI]

absolutely fantastic sir , if you could develop 1-2 more examples it will be very usefull !

Not sure what you want an example of...

According to dchappy, TL are drawn at roughly the same angle as the, or a prev., slow MA: we are looking for a TL break and a low point, as a trigger, to match the downtrend line.

The gray lines on the chart are spaced 20.3 pips apart and give you a visual of how fast you are going to make or break x number of dollars.

If each line is $10 then you should have $40 set aside and risk $10 one trade at a time. If you make $10 then you increase the value of the lines to 10(50/40), or $12.50, spreading your profit over 4 trades to increase your reward over your fixed risk of $40.

Dividing sets the number of lines after each trade: /4 (over 4), /3, /2, /1: you could sink all of your risk into one trade, if you really wanted to, and set your line value to $12.50(4/1) or $50/line.

break_cup.png (106.26 KiB) Viewed 4892 times

Also be aware of your larger chart start times be it 12 hours, a day, etc, and (ideally) trade with color.

RSG.png (14.63 KiB) Viewed 4892 times

[IgazI]

Not a bad run...
every line you grab, with a 4 line risk box, is +25% size going forward.

It is your position size that is making the money, not the pips.

save.png (88.27 KiB) Viewed 4844 times