• Products
  • Community
  • Markets
  • Brokers
  • More
Get started
Scripts

countertrend

Trading Ideas 1000+ Educational Ideas 13
Scripts 10

Indicators, Strategies and Libraries

All Types
All Types
Indicators
Strategies
Libraries
Open Sources Only
RSI Swing Signal
EURUSD: RSI Swing Signal
ZenAndTheArtOfTrading ZenAndTheArtOfTrading Premium

This indicator is a tool designed to be used with Steven Hart's RSI Exhaustion strategy. For more information google TheTradingChannel or look him up on YouTube :) The default RSI settings for this strategy are: RSI Overbought: 80 RSI Oversold: 20 Length: 7 When the RSI gets above 80, the line will turn red and the script will begin looking for a specific...

1986
14
scalping against trapped countertrend
ETHUSD: scalping against trapped countertrend
clocks156t174 clocks156t174

Abstract This script attempts to find the end of countertrend. This script uses oscillators to measure long term and short period trends. When the long term trend keeps positive and clear short term period is over, this script provides a buy signal. This script does not contain pullback, cut loss and re-enter. You need to add it manually. Introduction Many...

457
2
Contrarian Scalping Counter Trend Bb Envelope Adx and Stochastic
BTCUSDT: Contrarian Scalping Counter Trend Bb Envelope Adx and Stochastic
exlux99 exlux99 Premium

Contrarian Scalping is an trading strategy designed to take advanted of a counter-trend. The advantage of these strrategies types is that they have a good profitability but with do not great gain (in relation at the time frame). Indicators used: Bollinger Envelope ADX Stochastic Rules for entry For short: close of the price is above upper band from bb and...

161
1
Naked Forex Trading Strategy
AUDUSD: Naked Forex Trading Strategy
AlistarElvis AlistarElvis

Based on "How Naked Trading Works" video by Walter Peters: youtu.be I don't know this person and I am in no way affiliated with him. I just found his video interesting enough to make this into a script. Rules as described by Walter in his video: 1. if current candle makes a higher high than the previous one 2. and is a bearish engulfing candle 3. and has room to...

755
21
GMS: Candlestick Patterns with RSI Filter
SPY: GMS: Candlestick Patterns with RSI Filter
GlobalMarketSignals GlobalMarketSignals Premium

I wanted to apply an RSI filter to some of the new Candlestick Patterns (in the indicators tab) since some of them looked to be quite effective for picking reversals. Turns out it's a pretty good pairing. You can modify the RSI length in addition to the upper and lower thresholds. I also added in check boxes to combine different bullish and bearish patterns. The...

353
2
Falling Knives Jagged Spikes
TGTX: Falling Knives Jagged Spikes
fhenry0331 fhenry0331 Pro+

The purpose of this script is to trade with the trend, trade trend continuation, and counter-trend trades. Uptrend is price above 200 ema: Background is green and the bar colors are normal Downtrend is price below 200 ema: Background is red and the bar colors are normal Counter-trend to uptrend--Bar colors are white and the background is purple counter-trend...

152
1
Dynamic Envelope
BTCUSDT: Dynamic Envelope
AlgoTrading_CC AlgoTrading_CC

A dynamic envelope is designed to build an actual envelope that consider the volatility of a trading instrument. A dynamic envelope is an ideal counter-trend indicator, it takes into account the nature of the movement of the instrument. At the same time, it does not require adjustment of parameters over time, it adjusts itself to volatility. The indicator can be...

131
5
TD D-Wave RSI
BTCUSD: TD D-Wave RSI
DedMun DedMun Pro+

"Broadly speaking, if the market is advancing as part of a bullish TD D-Wave up sequence, then the RSI should remain above 40 during corrective setbacks for TD D-Waves 2 and 4. Similarly, if the market is declining as part of a bearish TD D-Wave down sequence, then the RSI should remain beneath 60 during corrective rallies for TD D-Waves 2 and 4" - Demark...

83
0
Close Counter Histogram
BABA: Close Counter Histogram
dman103 dman103 Premium

An interesting experiment to make an indicator act as a counter. I call it CCH - Close Counter Histogram. It adds 1 when current close is higher than previous close and reduces -1 when current close is lower than previous close. In the CCH settings you set how many bars to look back and use EMA to smooth the results or disable EMA smoothing. Disable the EMA...

121
2
Advancing Declining Oscillator
EURUSD: Advancing Declining Oscillator
dman103 dman103 Premium

Yet another Array indicator, simple, but efficient which i call ADO. The indicator acts as a COUNTER of when CLOSE closes above OPEN and vice versa based on specified look back period in settings. If we have more Closes above Opens, obviously the indicator will be above ZERO and GREEN, otherwise RED. Optional to smooth it by EMA (true by default). Like if you...

92
2

Products
  • Chart
  • Pine Script™
  • Stock Screener
  • Forex Screener
  • Crypto Screener
  • Stock Heatmap
  • Crypto Heatmap
  • Economic Calendar
  • Earnings Calendar
  • Sparks
  • Snaps
  • Breaking news
  • TradingView Desktop
Company
  • About
  • Features
  • Pricing
  • Wall of Love
  • Blog
  • Careers
  • Security vulnerability
  • Status page
  • Terms of use
  • Disclaimer
  • Privacy policy
  • Cookies policy
Community
  • Refer a friend
  • Ideas
  • Scripts
  • Streams
  • House rules
  • Moderators
  • Pine Script™ Wizards
  • Chat
For business
  • Widgets
  • Advertising
  • Website & broker solutions
  • Charting solutions
  • Lightweight Charting Library
  • Brokerage integration
  • Partner program
Download on the App Store Download on the App Store Get it on Google Play Get it on Google Play
Download Desktop app Download Desktop app
Select market data provided by ICE Data Services © 2022 TradingView, Inc.