The13thWarrior_V1.1
The13thWarrior helps to get the scalp. But not only for scalper 😉 Some more information with the Info bubble (Indicator settings) Freely configurable.
It uses Heikin Ashi type candlestick but with conditions based on OBV and its average.
The background color is based on trend of the DMI indicator (green above 0 and red below 0).
Make money and enjoy.
// The13thWarrior_V1.1
// 06.09.2020 (Release 1.1)
// Thomas Geisler
// Sharing ProRealTime knowledge
// https://www.prorealcode.com/library/
//--init--
alpha = 255
myDIn = 5
myOBVn = 5
myBBn = 8
myBackround = 1 (true)
myCandle = 1 (true)
myBB = 1 (true)
//-- end--
//the 13th warrior
the13thwarrior = 0
//Heikin Ashi
ONCE haOpen = OPEN
ONCE haClose = CLOSE
N = 0
IF BARINDEX = 0 THEN
haOpen = OPEN
haClose = CLOSE
ELSIF N = 0 THEN
haClose =(OPEN+HIGH+LOW+CLOSE)/4
haOpen =(haOpen[1]+haClose[1])/2
ENDIF
//Backround from Directinal Movement
IF myBackround = 1 THEN
myDI = DI[myDIn](CLOSE)
IF myDI > 0 THEN
BACKGROUNDCOLOR(204,255,204,alpha)
ELSIF myDI < 0 THEN
BACKGROUNDCOLOR(255,204,204,alpha)
ENDIF
ENDIF
//Candle-Colour from OBV and HA
IF myCandle = 1 THEN
myOBV = OBV(CLOSE)
myAV = Average[myOBVn](myOBV)
IF myOBV > myAV AND haClose > haOpen THEN
DRAWCANDLE(haOpen, HIGH, LOW, haclose) COLOURED(0,255,0,alpha)
ELSIF myOBV < myAV AND haClose < haOpen THEN
DRAWCANDLE(haOpen, HIGH, LOW, haclose) COLOURED(255,0,0,alpha)
ENDIF
ENDIF
IF myBB = 1 Then
myBBup = BollingerUp[myBBn](haclose)
myBBdown = BollingerDown[myBBn](haclose)
myBBav = Average[myBBn](haclose)
ELSE
myBBup = 0
myBBdown = 0
myBBav = 0
ENDIF
RETURN the13thwarrior, myBBup COLOURED(102,102,102,alpha)as "myBBup", myBBdown COLOURED(102,102,102,alpha)as "myBBdown", myBBav COLOURED(0,51,255,alpha)as "myBBav"
Comments
You must be logged in to post a comment.
@MAKSIDE I would be grateful if you send me your version. have a nice day
There are multiple possibilities. My two favorites are countertrend trading and trend trading. Counter trend on 1min or 10sec time unit. After a strong move I wait for a correction, I trade this with a tight stop and quickly follow it. Get out immediately if you change Heikin-Ashi or change DI. Trend trading according to the Dow theory. 1-2-3. In a trend I wait for a correction (2-3) and try to reach point 3 optimally. At the next point 2 partial sale (stop at debut) and increase at the next point 3. All time units intraday. The settings of "The13thWarrior" vary depending on the market / time unit and volatility. I use the indicators "myCandle" and "myOpening Range" to help. With both setups, the OBV with a moving average can be very helpful. In principle, the indicator can be used without any further assistance.
hi Thomas and thank you. can you convert this indicator into an automaic strategy?
Hi Thomas, thanks for your explanations. Which indicator do you use in the screenshot (bottom)? Do you also use the Bollinger Band (as shown in the picture)? Have you ever thought about implementing the "Better Bollinger Band"? https://www.prorealcode.com/prorealtime-indicators/better-bollinger-bands/ I think it reacts faster and is better suited for scalping. BR Fabian