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Custom ATR Indicator
By
nzmade88, in Coding Forum
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Similar Content
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By edakad
Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands.
When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands.
FireBird.zip
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By magesvh
I'm currently using Ninjatrader for my trading. But I have a problem with the Tick Chart and when I use any Indicator. When e.g. the market is very fast or my internet is slow (for a moment), then the value of the candles and indicator is wrong.
So I refresh the chart after every finished candle.
Does anybody know a software without this problem?
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By mirko994
Hello guys,
Anyone has the code of this indicator? I am trying to find the logic behind it.
Trend Magic Indicator FREE
Kind regards,
Mirko
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Posts
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My latest trick... After successfully live trading forex for years, switch to trading futures in the U.S. Chicago Mercantile Exchanges. Futures spreads are generally 1 or 2 ticks with no swaps, and data fees and commission fees are fixed. As a caveat, leverage changes throughout every day based on international sessions, so this is not for small accounts. -
@analyst75, I am just dying for you to write a sequel... Why Some Young People Prefer to Live Alone.😂
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I have to guess that a single person living alone, with no pets, with a light appetite, and in a small home stands the best chance. Less expenses = more time to get profitable. Maybe... an emotionless psychopath?😂
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IMHO, demo contests with a cash prize tend to cause new traders to take unrealistic risks because they're literally risking nothing to win something. I wouldn't get into the habit of that.😬
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I posit that traders should code auto-trading bots, or use a platform interface that supports building bots without coding, and then backtest everything in demo before trading at all. @aimhi, I believe that you have already posted this in another thread.🤓
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