The13thWarrior helps to get the scalp. But not only for scalper 😉 Some more information with the Info bubble (Indicator settings) Freely configurable.
It uses Heikin Ashi type candlestick but with conditions based on OBV and its average.
The background color is based on trend of the DMI indicator (green above 0 and red below 0).
Make money and enjoy.
|
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 |
// The13thWarrior_V1.1 // 06.09.2020 (Release 1.1) // Thomas Geisler // Sharing ProRealTime knowledge // https://www.prorealcode.com/library/ //--init-- alpha = 255 myDIn = 5 myOBVn = 5 myBBn = 8 myBackround = 1 (true) myCandle = 1 (true) myBB = 1 (true) //-- end-- //the 13th warrior the13thwarrior = 0 //Heikin Ashi ONCE haOpen = OPEN ONCE haClose = CLOSE N = 0 IF BARINDEX = 0 THEN haOpen = OPEN haClose = CLOSE ELSIF N = 0 THEN haClose =(OPEN+HIGH+LOW+CLOSE)/4 haOpen =(haOpen[1]+haClose[1])/2 ENDIF //Backround from Directinal Movement IF myBackround = 1 THEN myDI = DI[myDIn](CLOSE) IF myDI > 0 THEN BACKGROUNDCOLOR(204,255,204,alpha) ELSIF myDI < 0 THEN BACKGROUNDCOLOR(255,204,204,alpha) ENDIF ENDIF //Candle-Colour from OBV and HA IF myCandle = 1 THEN myOBV = OBV(CLOSE) myAV = Average[myOBVn](myOBV) IF myOBV > myAV AND haClose > haOpen THEN DRAWCANDLE(haOpen, HIGH, LOW, haclose) COLOURED(0,255,0,alpha) ELSIF myOBV < myAV AND haClose < haOpen THEN DRAWCANDLE(haOpen, HIGH, LOW, haclose) COLOURED(255,0,0,alpha) ENDIF ENDIF IF myBB = 1 Then myBBup = BollingerUp[myBBn](haclose) myBBdown = BollingerDown[myBBn](haclose) myBBav = Average[myBBn](haclose) ELSE myBBup = 0 myBBdown = 0 myBBav = 0 ENDIF RETURN the13thwarrior, myBBup COLOURED(102,102,102,alpha)as "myBBup", myBBdown COLOURED(102,102,102,alpha)as "myBBdown", myBBav COLOURED(0,51,255,alpha)as "myBBav" |
Share this
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 :
Filename : download the ITF files
Find other exclusive trading pro-tools on 
PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials
Interesting, thank you
hi Thomas and thank you. can you convert this indicator into an automaic strategy?
@bertrandpinoy No, sorry. I not working with automatic strategys.
@bertrandpinoy, it’s easy to convert it…
It all depends on the strategy used with this indicator.
However, I have the impression that a simple algorithm is not simply cost-effective, so indeed it can be complex.
You can also open a new discussion about this for this indicator.
Hi Thomas, thank you for sharing… Can you briefly explain how it works or how to use it ?
There are multiple possibilities. My two favorites are countertrend trading and trend trading.
Counter trend on 1min or 10sec time unit. After a strong move I wait for a correction, I trade this with a tight stop and quickly follow it. Get out immediately if you change Heikin-Ashi or change DI.
Trend trading according to the Dow theory. 1-2-3. In a trend I wait for a correction (2-3) and try to reach point 3 optimally. At the next point 2 partial sale (stop at debut) and increase at the next point 3. All time units intraday.
The settings of “The13thWarrior” vary depending on the market / time unit and volatility. I use the indicators “myCandle” and “myOpening Range” to help.
With both setups, the OBV with a moving average can be very helpful.
In principle, the indicator can be used without any further assistance.
@MAKSIDE I would be grateful if you send me your version. have a nice day
Image:
https://1drv.ms/u/s!AlLFPjbX_wf1oKJRMcV3TPuhMBcFiQ?e=YhDF3T
OBV and Worrior
Hi Thomas,
thanks for your explanations.
Which indicator do you use in the screenshot (bottom)?
Do you also use the Bollinger Band (as shown in the picture)?
Have you ever thought about implementing the “Better Bollinger Band”?
https://www.prorealcode.com/prorealtime-indicators/better-bollinger-bands/
I think it reacts faster and is better suited for scalping.
BR
Fabian
Thats On Balance Volume and Bollinger or SMA or what you want. It shows me the volume flow. I rarely use the Bollinger Bands for scalping. Mostly just volume, Heikin Ashi. Higher timeframe, more indicators. That depends on the market and timeframe and vola