Trend indicator (Evrett Rogers) and Buy/Sell trading signals

Trend indicator (Evrett Rogers) and Buy/Sell trading signals

First indicator:

It uses moving averages, and following their knitting with the price itself gives an indication of the cycle. Trend indicator inspired by the diffusion curve innovation of Evrett Rogers (innovator, first follower, early majority, late majority, latecomer).
It gives an indication of the current cycle and thus maximize the probability of gain in this placing when the cycle is (yellow, opportunity) or (blue, reversal of trend).

From a more technical view, the opportunity phase is the the opening of the stochastic of the unit of higher timeframe (in other words one could have put indicator = stochastic with [50,10] and style (point, 0.5))

  • The red phase is bearish, the price is below all moving averages.
  • the orange phase is a technical rebound, ie the price has crossed the MM20 (this translates into a stochastic above the line H 50 but the macd still under the line H 0)
  • the yellow phase is the opportunity phase, the price crosses the MM50, the macd crosses the line 0.
  • the blue phase, reversal of the trend means that the price now crosses the MM100 while staying under the MM200, it is the so-called intermediate zone of “knitting”
  • light green phase, the price is above the MM200, the trend is bullish but the MM50 (line 0 macd is still under the MM200).
  • dark green phase, the price is above the MM200 is the MM50 also.
  • green bottle phase, the price consolidates, either it passed under the MM20 or under the MM50 but it is above the MM100. This means a consolidation, a pullback or an end of cycle to come.
  • the gray phase is neutral, ie the price is below the MM100 but above the MM200. it is either a cycle end, a wait before leaving congestion ….

The second code is trading signals indicator telling us when to buy or sell the market:
Below the MM200 there is no buy signal. It starts in the technical rebound by plotting a small blue histogram and that until the opportunity phase, its corresponds to the price that hits the upper Bollinger and then gives a signal that an interest is brought to the title (the probability of winning is maximum). Then the signal becomes green, and the larger the histogram, the stronger the signal. There are also signals in the code related to the crossing of the MM50, this means that the macd returns the line 0 is that there is a probable bullish recovery.

Share this

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.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. anthon • 09/11/2019 #
  2. anthon • 09/11/2019 #

    Avec plaisir !

  3. Rocketship • 09/11/2019 #

    Great combination, easy to use and quite accurate.

  4. Varadero54 • 09/11/2019 #

    Bonjour Anton … j’ai un message d’erreur … PRT V10.3 ou V11… ne semble pas reconnaître “(proche)” … “ligne 3 commande inconnue” ?

  5. Varadero54 • 09/11/2019 #

    Bonsoir Anthon et merci pour les indicateurs qui semble particulièrement pertinents …
    Pourrais-tu nous indiquer où trouver les screener de la vidéo qui vont avec les indicateurs … mais en version “copier-coller” ou “importer” 😉
    Bon WE

  6. anthon • 09/11/2019 #

    Salut à tous et merci !

    • Varadero54 • 09/11/2019 #

      Bonjour Anthon … pourrais-tu me communiquer l’adresse ou le nom de ta chaine YOUTUBE … je ne la trouve pas ?

  7. cedric croze • 09/11/2019 #

    a premiere vue la chaine youtube n’éxiste plus

  8. Tradingrob • 09/11/2019 #

    Hi all, nice indicator, only i dont get the ‘trendindicator’ with the colorfull stripes working on the end of day email S&P.. I only see a box below with a horizontal line with colourchanges.. What should i do? Many thanks!

  9. scarphace38 • 09/11/2019 #

    Bonsoir, je découvre PRT et je n’arrive pas a afficher le meme résultat pour l’indicateur de tendance. J’ai juste une ligne droite qui change de couleur. Je n’arrive pas a avoir le graphique sous forme d’histogramme.
    Comment faire ?
    Merci pour votre aide

  10. Dom • 09/11/2019 #

    Hello, hello….je commence le trading et découvre par la même occasion le codage….et ce n’est pas une mince affaire pour un débutant comme moi!! je me dois de remercier ceux et celles qui se donnent la peine d’établir et de les partager, des indics, screeners, backtest, etc….c’est un travail de Titan (pour ma part!!)…. je trouve cet indicateur très pertinent…. Merci à tous!

  11. Be-n • 09/11/2019 #

    Bonjour tout le monde ! Dans l’indicateur de tendance, j’ai du mal à saisir la nuance entre bleu (retournement de tendance) et bleu (retournement de tendance 2) ? Quelqu’un pourrait-il éclairer ma lanterne ? Est-il question d’un retournement à la baisse d’une part et à la hausse d’autre part ? Merci d’avance

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar

+16 more likes

Related users ' posts
Ciccarelli Franco Hai ragione, mi dava valori alti perchè usavo questo loss "SET STP LOSS 1xAverageTrueRange{1...
YvesRobert Hello davidelaferla, how do you put a stop loss and where exactly ? the moment you enter on ...
Hypersimo Buongiorno Davide a quale distanza inserire stop loss e tp nella strategia? grazie
Nicolas
9 months ago
B-Xtrender
B-Xtrender
8
Indicators
616248 Bonjour Nicolas, Peux tu nous expliquer le principe de fonctionnement ? Ou nous mettre un...
Nicolas Le lien vers l'article IFTA de l'auteur est dans le post déjà :)
P. Marlowe Very poweful indeed. It deserves close attention. I really appreciate very much IFTA backgro...
JS
9 months ago
Trendilo
Trendilo
0
Indicators
ProRealAlgos.com Hi JohnScher. Yes I think you refer to the strategy called "Turnaround tuesday". This strate...
JohnScher I am not alluding to the turnaround tuesday. The general opinion is that Turnaroundtuesday ...
ProRealAlgos.com Yeah that's maybe not of importance. Anyway. Enjoy! :)
Nicolas
9 months ago
Anthony2A Bjr, j ai des erreurs sur la ligne 69, 74, 78 et 80. sur drawcandle drawtext et endif. si ...
Lucas0000 Hello, Congratulations on this programming, it seems incredible to me, I am new to this but ...
plbourse Hello, I am trying to use this singal (in fact I have converted it to an indicateur giving B...
Emil
11 months ago
Nicolas
11 months ago
5 main forex pairs average
5 main forex pairs average
4
Calculated instruments
Nicolas It's only compatible from PRT v12. With the "Calculated instruments" tool, you can know crea...
MaoRai54 many thanks. IG doesn't know when they'll release it :(
MaoRai54 Hi Nicolas, I'm here again. Today I got the v.12 in my demo account. I started it, I downlo...
BriceE Bonjour Nicolas, Je suis a la recherche d'indicateurs pour me donner la meilleure indicatio...
Nicolas
11 months ago
Maxime Baudin Well done Nicolas, creative!
Stenozar Hi Nicolas, please can you explain how to read/use this indicator? thanks!
FXtonio @RICOU en 1 minutes avec un filtre de tendance ZLSMA 200 et eventuellement un rsi 7 , 69% de...
JC_Bywan For people interested in the screener: https://www.prorealcode.com/topic/screener-buy-sell-m...
octum Gracias NJicolas. Las lineas 35 y 36 dan fallo. (¿Es adrede para iniciados?) Puedes co...
Nicolas Yes, Magic if the variable that contains the value of the line, you can test if it goes up o...
dadah1987 Bonjour Nicolas, merci pour cet indicateur. Utilisant pour l'instant la création simplifié p...
Nicolas Merci d'ouvrir un sujet sur le forum avec une description complète du système.
GustavoLoboOrenstein Is it possible to add histogram with only increasing bars?
Nicolas Je ne rencontre pas ce problème avec le NASDAQ par exemple, ce serait plus simple d'ouvrir u...
YvesRobert Bonjour Nicolas, en effet ca marche, je me suis trompé, j'ai bien tout le tracé. C'est parce...
oliTR Bonjour, les conditions longCond et shortCond ne contiennent-elles pas une condition qui s'a...
JohnScher Short variant, see at https://www.prorealcode.com/topic/late-lunch-trade-dax40-strategy/
DANY Hi JohnScher, Thanks a lot for your contribution. Consider this release to avoid overfit...
JohnScher Thank you so much for exploring the Late Lunch Strategy. For discussion and in answer to yo...
BenJuice JohnScher, merci de partager ta stratégie. Je suis nouveau dans ce domaine, sur ton code q...
JohnScher As a percentage of the price, here 2%. StopLoss as well as TargetProfit. SL and TP come ...
Wilko I absolutely love the simplicity of this mean-reversion strategy. Well done!
Patrice210 bonjour STANKO, effectivement la première ligne apparait en anomalie et je ne comprend pas v...
KumoNoJuzza Hi guys, Thanks @Stanko and everyone for your contributions. I have been playing around ...
Stanko Hi KumoNoJuzza, thanks for the post. I also tried your code with Dax and the performance is ...

Top