Tag: Pinescript
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New Indicator: Heartbeat Market Cycle Indicator
This indicator takes the ratio of the US average housing market price to the SPX. Then, this number is placed into another ratio over NFCI. The reason for this is because the ratio of House Prices/SPX is closely correlated with the NFCI. So comparing those terms using another ratio is aimed at detecting anomalies in…
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Enhancing Normal Trading Strategies with the Martingale System in Pinescript
RSI Code Pine Script version 5 strategy for TradingView with relative strength index (RSI) trading strategy is given in the first code. It is a chart overlay to help traders interpret market data and make better trade judgments by giving signals for entering a long position using RSI. RSI + Martingale Code Now this code…