Calculation of a TP trough RSI Divergence

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01/07/2021 at 9:42 AM #156718 quote

Monobrow
Participant

Senior

Would you typically use fixed or trailing stops here? And if trailing, do you have a setting that consistently gives the best results? I struggle with trailing to be honest… always seem to give back too much profit from my chosen exit.

of course it means I miss some runners but i guess you cant have it all.

01/08/2021 at 4:46 PM #156943 quote
Zigo
Participant

Master
A stop loss that gives good results, is based on parameters from the Ichimoku Indicator and ATR,
```
//Zigo
//Berekening stoploss//

c1=(highest[9](high)+lowest[9](low))/2
C2= (highest[26](high)+lowest[26](low))/2
c3=(c1+c2)/2
//Dynamic stop for Long positionsx
//Dynamic stop for Short positions
stlong=TriangularAverage[5](c3- 0.89*AverageTrueRange[14](close))
stshort=TriangularAverage[5](c3+0.89*AverageTrueRange[14](close))
Return stLong as"StopLong", Stshort as "StopShort"
```
don’t tell anyone,

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DAX-12-minutenStoploss.png
01/08/2021 at 6:53 PM #156979 quote

Monobrow
Participant

Senior

Zigo wrote:

don’t tell anyone,

You have my word! 😬😬👍👍

01/08/2021 at 8:19 PM #156992 quote

Monobrow
Participant

Senior

Hey Zigo

Used the code on page 1, set RSIp to 14, put it in an indicator and its blank for me. any ideas? PRT 11.1

cheers

01/08/2021 at 10:04 PM #157000 quote

Zigo
Participant

Master

Maybe, you have to identify n, ob, os. (See attachment)

01/08/2021 at 10:09 PM #157001 quote

Zigo
Participant

Master

You can do it with “once n= … ,” once ob = 60, once os = 40 for example.

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Identification.png

01/09/2021 at 3:07 PM #157098 quote

Monobrow
Participant

Senior

Zigo wrote:

You can do it with “once n= … ,” once ob = 60, once os = 40 for example.

That sorted it, thank you.

01/09/2021 at 3:23 PM #157102 quote

Monobrow
Participant

Senior

Zigo wrote:

A stop loss that gives good results, is based on parameters from the Ichimoku Indicator and ATR,

Hey Zigo 😉

these stops are interesting…. but way too tight for my strategy.. im currently building a reversal strat and using fixed SLs of around 60 pips – with TP…… using your RSI code above! seems to work well, but i’m looking for something more dynamic than a fixed SL.

DAX, 1 min timeframe… any ideas?

01/10/2021 at 12:14 PM #157181 quote
Zigo
Participant

Master
You prefer this? (a= 4.23)
```
stlong=TriangularAverage[5](c3- a*AverageTrueRange[14](close))
stshort=TriangularAverage[5](c3+ a*AverageTrueRange[14](close)
```
Line 10 and line 11 in the indicator: 0.89 is changed as variable and becomes “a”

DOW-12-minutenbeter.png
06/08/2022 at 5:38 PM #194932 quote

Zigo
Participant

Master

Target Indicator.

Target Indicator aims to deliver one or more well-founded and visible targets.
Example:
RSI crossing above 30 for a long position or an RSI crossing below 70 for a short position.
CCI above 100 or CCI below -100Ø
Crossing of the signal line with the MACD line

Any classic indicator or a self-developed indicator, or a combination of the two is able to be linked to the TargetIndicator, with each signal of those indicators or combinations the TargetIndicator will generate price targets.
These price targets are calculated from the moment a signal of purchase or a signal of sale is given.
The TargetIndicator immediately indicates the “entry” the “stoploss” and 5 price targets. These values are sometimes already visible when forming the candle.
On the basis of some practical examples, it is explained how it works. In addition to these examples, the TargetIndicator can be used on most of the classic trend indicators as well as on various oscillator indicators. TargetIndicator can also be used for combinations of conditions. Three classic indicators are each linked separately to the TargetIndicator, the RSI, CCI and the MACD.
All three classic Indicators show alternating signals. After a signal up, a signal comes down. The different linked indicators are shown below.
Not all signals are usable as will become clear later.

[attachment file=”DAX-16-minuten(MACD).png”]

Target Indicator.

Target Indicator aims to deliver one or more well-founded and visible targets.

Example:

Ø RSI crossing above 30 for a long position or an RSI crossing below 70 for a short position.

Ø CCI above 100 or CCI below -100

Ø Crossing of the signal line with the MACD line

Any classic indicator or a self-developed indicator, or a combination of the two is able to be linked to the TargetIndicator, with each signal of those indicators or combinations the TargetIndicator will generate price targets.

These price targets are calculated from the moment a signal of purchase or a signal of sale is given.

The TargetIndicator immediately indicates the “entry” the “stoploss” and 5 price targets. These values are sometimes already visible when forming the candle.

On the basis of some practical examples, it is explained how it works. In addition to these examples, the TargetIndicator can be used on most of the classic trend indicators as well as on various oscillator indicators. TargetIndicator can also be used for combinations of conditions. Three classic indicators are each linked separately to the TargetIndicator, the RSI, CCI and the MACD.

All three classic Indicators show alternating signals. After a signal up, a signal comes down. The different linked indicators are shown below.

Not all signals are usable as will become clear later.

[attachment file=”194933″]

Target Indicator.

Target Indicator aims to deliver one or more well-founded and visible targets.

Example:

Ø RSI crossing above 30 for a long position or an RSI crossing below 70 for a short position.

Ø CCI above 100 or CCI below -100

Ø Crossing of the signal line with the MACD line

Any classic indicator or a self-developed indicator, or a combination of the two is able to be linked to the TargetIndicator, with each signal of those indicators or combinations the TargetIndicator will generate price targets.

These price targets are calculated from the moment a signal of purchase or a signal of sale is given.

The TargetIndicator immediately indicates the “entry” the “stoploss” and 5 price targets. These values are sometimes already visible when forming the candle.

On the basis of some practical examples, it is explained how it works. In addition to these examples, the TargetIndicator can be used on most of the classic trend indicators as well as on various oscillator indicators. TargetIndicator can also be used for combinations of conditions. Three classic indicators are each linked separately to the TargetIndicator, the RSI, CCI and the MACD.

All three classic Indicators show alternating signals. After a signal up, a signal comes down. The different linked indicators are shown below.

Not all signals are usable as will become clear later.

DAX-16-minutenRSI.png

06/08/2022 at 5:41 PM #194935 quote

Zigo
Participant

Master

Sorry for repeating the text.

DAX-16-minutenCCI.png

06/08/2022 at 5:43 PM #194937 quote

Zigo
Participant

Master

Target with MACD

DAX-16-minutenMACD.png
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