BONZ. Using technical indicators to trade.

[IgazI]

So... bands/ channel. Which one do you think is the better choice for swing trading or scalping?

Bollinger band.png

Keltner channel.png

Starc bands.png

Gonna revisit them later.

For sure BB is the one mostly used by traders however, there are also good reasons to consider the other two because they use different things in their formulas. However, BB's bands are more dynamic and that is the reason why I prefer this band compared to the other two. There's a lot of trading strategies based on BB on the internet whether it's a single use or in conjunction with other indicator(s).

This one is pretty good.

Code: Select all

//@version=2
study("Bollingers Bands Fibonacci ratios",shorttitle="FiBB",overlay=true)
len=input(defval=20,minval=1)
p=close
sma=sma(p,len)
avg=atr(len)
fibratio1=input(defval=1.618,title="Fibonacci Ratio 1")
fibratio2=input(defval=2.618,title="Fibonacci Ratio 2")
fibratio3=input(defval=4.236,title="Fibonacci Ratio 3")
r1=avg*fibratio1
r2=avg*fibratio2
r3=avg*fibratio3
top3=sma+r3
top2=sma+r2
top1=sma+r1
bott1=sma-r1
bott2=sma-r2
bott3=sma-r3

t3=plot(top3,transp=0,title="Upper 3",color=teal)
t2=plot(top2,transp=20,title="Upper 2",color=teal)
t1=plot(top1,transp=40,title="Upper 1",color=teal)
b1=plot(bott1,transp=40,title="Lower 1",color=teal)
b2=plot(bott2,transp=20,title="Lower 2",color=teal)
b3=plot(bott3,transp=0,title="Lower 3",color=teal)
plot(sma,style=cross,title="SMA",color=teal)
fill(t3,b3,color=navy,transp=85)

[Don_xyZ]

One of the first few ideas introduced to me when starting out in the trading world.
The books said there are 2 categories in the indicator world, the lagging indicator and the leading indicator. So I combined them. Problem was, I didn't know where to take profit lolz

200 SMA and Stochastics 14, 3, 3.

MASt.png (96.15 KiB) Viewed 4751 times

MASt 2.png (90.19 KiB) Viewed 4751 times

Looking at it today, it's still good. When 200 SMA is up and Stochastics is also up, only look for long trade. For short trade it's the opposite, obviously. So easy a caveman can do it

geico_caveman.03.jpg (9.63 KiB) Viewed 4751 times

[IgazI]

One of the first few ideas introduced to me when starting out in the trading world.
The books said there are 2 categories in the indicator world, the lagging indicator and the leading indicator. So I combined them. Problem was, I didn't know where to take profit lolz

200 SMA and Stochastics 14, 3, 3.
MASt.png

MASt 2.png

Looking at it today, it's still good. When 200 SMA is up and Stochastics is also up, only look for long trade. For short trade it's the opposite, obviously. So easy a caveman can do it

geico_caveman.03.jpg

If it were not going on 3 am I'd take a look at it
I'll look into it todorrow

[Don_xyZ]

TRO's Semafor 123 vanilla indicator. Where?
I know TRO had many versions of this indicator but I want to check the vanilla version that has nothing but the Semas and its alert.

Can someone help? Thanks a bunch!

[kiwiarian]

TRO's Semafor 123 vanilla indicator. Where?
I know TRO had many versions of this indicator but I want to check the vanilla version that has nothing but the Semas and its alert.

Can someone help? Thanks a bunch!

tro-3lzz.png (14.14 KiB) Viewed 4630 times

I am only aware of the free ones in his Mega Download pack 1350

[kiwiarian]

On DCHappys 123 thread at this page Tro posted a 123 indicator called tro_123
forex/simple-as-1-2-3-t2968/page30?hilit=dchappy

[IgazI]

One thing to keep in mind when trading the 1-2-3 pattern is that the #2 point will always be the breakout. . .as in "THE" breakout.

So what you actually want to do is take most, say 2/3, of your contracts off at the #2 and hold the rest.

123-.jpg (125.78 KiB) Viewed 4593 times

[kiwiarian]

Will be interesting what you guys mention about using candles or other with the 123 (me quickly looking at DChappys Renko thread)

[kiwiarian]

One thing to keep in mind when trading the 1-2-3 pattern is that the #2 point will always be the breakout. . .as in "THE" breakout.

So what you actually want to do is take most, say 2/3, of your contracts off at the #2 and hold the rest.

123-.jpg

Are you talking about getting in at C and then when we are level with B doing a partial close and leaving a runner on at B as we go long?

123-Buy.png (24.66 KiB) Viewed 4569 times

[IgazI]

One thing to keep in mind when trading the 1-2-3 pattern is that the #2 point will always be the breakout. . .as in "THE" breakout.

So what you actually want to do is take most, say 2/3, of your contracts off at the #2 and hold the rest.

123-.jpg

Are you talking about getting in at C and then when we are level with B doing a partial close and leaving a runner on at B as we go long?
123-Buy.png

yes.