Buy Sell Magical Trend

The Buy Sell Magical Trend indicator is a “trailing stop” style indicator made of trend inversion obtained with Bollinger Bands. SignalPeriod is the period of the Bollinger bands and ArrowPeriod the standard deviation applied to it.
The arrows are painted on the breakthrough of the other side band with segments connecting the 2 most recent arrows.

//PRC_BuySell Magic | indicator
//17.04.23
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge

// --- settings 
SignalPeriod = 12
ArrowPeriod = 2
// --- end of settings 

bbup = average[signalperiod]+std[signalperiod]*arrowperiod
bbdn = average[signalperiod]-std[signalperiod]*arrowperiod

if ts=0 then
if close crosses over bbup then
ts=bbdn
trend=1
elsif close crosses under bbdn then
ts=bbup
trend=-1
endif
endif

if trend=1 then
ts=max(ts,bbdn)
elsif trend=-1 then
ts=min(ts,bbup)
endif

if trend=1 and close crosses under ts then
trend=-1
ts=bbup
r=255
g=0
drawarrowdown(barindex,ts) coloured("red")
drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")
startbar=barindex
startts=ts
endif

if trend=-1 and close crosses over ts then
trend=1
ts=bbdn
r=0
g=255
drawarrowup(barindex,ts) coloured("lime")
drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")
startbar=barindex
startts=ts
endif

return ts coloured(r,g,0) style(dottedline,2)

//PRC_BuySell Magic | indicator

//17.04.23

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

// --- settings

SignalPeriod = 12

ArrowPeriod = 2

// --- end of settings

bbup = average[signalperiod]+std[signalperiod]*arrowperiod

bbdn = average[signalperiod]-std[signalperiod]*arrowperiod

if ts=0 then

if close crosses over bbup then

ts=bbdn

trend=1

elsif close crosses under bbdn then

ts=bbup

trend=-1

endif

if trend=1 then

ts=max(ts,bbdn)

elsif trend=-1 then

ts=min(ts,bbup)

endif

if trend=1 and close crosses under ts then

trend=-1

ts=bbup

r=255

g=0

drawarrowdown(barindex,ts) coloured("red")

drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")

startbar=barindex

startts=ts

endif

if trend=-1 and close crosses over ts then

trend=1

ts=bbdn

r=0

g=255

drawarrowup(barindex,ts) coloured("lime")

drawsegment(startbar,startts,barindex,ts) style(dottedline2) coloured("blue")

startbar=barindex

startts=ts

endif

return ts coloured(r,g,0) style(dottedline,2)

bollinger bollinger bands trading signals trailingstop trend

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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FXtonio • 04/17/2023 #
Bonjour Nicolas, génial cet indicateur, plutôt précis (67% de trades gagnants) merci 🙂
- Nicolas • 04/17/2023 #
  C’est “magical” ! Bonne continuation 🙂
- RICOU • 04/17/2023 #
  Bonjour, quelle est la meilleure UT pour travailler avec cet indicateur?
- FXtonio • 04/17/2023 #
  @RICOU en 1 minutes avec un filtre de tendance ZLSMA 200 et eventuellement un rsi 7 , 69% de trade gagnant rr 1.5

superfalcio • 04/17/2023 #
Hello Nicolas, just started having a look on this last indicator : what timeframe this default parameters are working better? and as forex than indeces? thank you 🙂
- Nicolas • 04/17/2023 #
  I don’t know, this is your part 🙂

gioport • 04/17/2023 #
Bonjour Nicolas…..
est-il possible de construire un écran …. merci
- Nicolas • 04/17/2023 #
  Merci d’ouvrir un sujet sur le forum avec une description complète du screener.

RICOU • 04/17/2023 #
Bonjour Nicolas, est il possible d’avoir un codage complet d’un trade automatique avec les paramètres de cet indicateur ?
- Nicolas • 04/17/2023 #
  Oui, merci d’ouvrir un sujet dans le forum ProOrder pour créer une stratégie avec cet indicateur.

Chrisinobi • 04/17/2023 #
Hallo Nicolas eine Tolle Arbeit, wie immer !!!! Eine Frage zu Deinem Indikator, könntest du es so bauen, das man ein Signal auf die Pfeile setzen kann ???? Danke
- Nicolas • 04/17/2023 #
  Ändern Sie die letzte Zeile des Codes mit:
  return ts coloured(r,g,0) style(dottedline,2), trend as “trend direction”
  um den Trend zu erhalten (1=grün, -1=rot)

Chrisinobi • 04/17/2023 #
Danke Nicolas, vielleicht habe ich mich verkehrt ausgedrückt, ich will gerne einen Alarm auf dem Pfeil haben um damit Automatisch einen Trade zu beginnen. Wenn das so möglich wäre ??? Nicht als Algo einfach nur in der Alarmeinstellung, um nicht ständig den Bildschirm zu beobachten müssen. Vielen Dank
- Nicolas • 04/17/2023 #
  das ist richtig, man kann die Warnungen nicht codieren, also muss man das integrierte Tool der Plattform verwenden.

Chrisinobi • 04/17/2023 #
Ich Denke, ich habe es begriffen, in den Alarmeinstellung einfach, kreuzt über Wert 1, als Buy und kreuzt unter Wert -1, als Sell. Nochmals Danke

aldtrading • 04/17/2023 #
Merci pour votre travail.

JC_Bywan • 04/17/2023 #
For people interested in the screener: https://www.prorealcode.com/topic/screener-buy-sell-magic-indicator/#post-214201
For people interested in a strategy: https://www.prorealcode.com/topic/buy-sell-magical-trend/

octum • 04/17/2023 #
Gracias NJicolas. Las lineas 35 y 36 dan fallo. (¿Es adrede para iniciados?)
Puedes corregir porfa? Gracias.

mortezaali14 • 80 days ago #
Salut Nicholas, comment exécuter ce fichier dans les métadonnées

algotrader This indicator looks coolBut on attempt to use it for a strategy dev'I get an error.."The in...

dajvop @algotrader if you at the bottom of the code add: RETURN Buffer1 as "up", Buffer2 as "down",...

Bateson Si cela peut servir, l'indicateur Sadukey a été créé en utilisant un générateur de filtre ap...

Arnaud HALVICK Great indicator, thank you!

JMat45 Hi Nicolas, just reviewing this indicator and noticed that you have double assigned the vari...

Nicolas That would not make any difference because the code is read from top to bottom.

MikeGC I don't know if you have used the variables a and b to optimise the parameters for the Super...

gianpiero75 I have not optimized, I multiplied the parameters for 6 (5,8), to use them on the 4 hoursTF...

bertrandpinoy bonjour Mike j utilise TrendChaser V2.0 et quand il prend position cela ne programme pas le ...

Nicolas Thank you for contribution. Please consider that advertising is tolerate as long as you cont...

triss1965@gmail.com Hi, I cant make it work. And if you doing so much money. Why do you have to sell it? It don...

T-rader Eva... He dosen´t sell anything. He is just a nice guy that want to share on of his strategy...

Pelle Nævestad Thanks Nicolas, this is a keeper!

Chicane23 Hi, when uploaded the WAE isnt showing histogram; only line. Is there a way to modify?

Nicolas Change the way the lines are displayed in the indicator settings window : histogram, lines, ...

eisi If i switch between different Markets, the Backgroundcolour will appear where it should not...

datageek How can I get alerts on colour change?

NAMBO40 Hello, I would like to add a 25 period SMA moving average. It's possible?

Fabio Anthony Terrenzio this strategy works only in a well defined trend

brosly Good afternoon I am trying to get the complete code of lex strategy made by adolfo since I s...

dreif123 hi Adolfo, is Alex Auto Trading Botindex working on DAX as well ? if so , can you post the...

xel @DerPat - I don't see any question regarding the indicator. Anyway, I think I give enough l...

diegofe_2000 Xel, tu eres el creador de este indicador? Bueno te cuento que es muy bueno para hacer est...

xel Buen día @diegofe_2000 - Claro, mandalo y por aquí lo probamos en otros instrumentos y si g...

Doctrading I forgot to write at the beginning : a = 50 b = 50 These are intermediate levels Sorry

DerPat Thank you. This one could be an aid in my current research on stochastics.

Pelayo it is possible that in line 12 we should put seuilinf=-b, thaks for all

verdi55 At least there should be some moving average that has also reverted into the opposite direct...

verdi55 In addition to the moving average, wait until at least one bar is completely back inside the...

rama This works excellent on range bound I tried , give 90% win rates on dax , 3 min chart. can s...

GraHal Hi Nicolas I like this and would like to understand it fully so please forgive the (maybe) d...

Nicolas Hi GraHal, the Factor parameter is only a multiplier of the ATR that is added or subtracted ...

GraHal Nicolas, thank you for your useful and informative response. Yes I optimise using ProBackte...

GraHal Hi Nicolas Britains .itf file didn't work for me ... I had to change h to hh at line 13 and...

Nicolas Thank you GraHal for pointing this error, i have corrected the code in the file. The code in...

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