OPEN-SOURCE SCRIPT
已更新 Big Poppa Code Strat & Momentum
This indicator is a combination of a few things in order to work with a unique trading style gleaned from Callme100k, jrgreatness, TrustMyLevels , FaithInTheStrat, Rob Smith and Saty Mahajan.
This script is in beta, it does not give buy or sell signals, or give financial advice. Do your own research, and also verify the chart.
To understand this script you need to understand
Average True Range (ATR)
1 Bar Inside Bar
2 Bar Outside Bar (Break either the top or bottom)
3 Bar Engulfing Bar
Strat Setups - 212, 322, 312
Fibonacci - 0.236, 0.618
Moving Averages
Atributions
Additions
The TABLE is probably the biggest upgrade part and it can help keep you focused on what's important because all factors that effect the trading thesis is visible at all times on the table as long as its enabled
Row 1 of The Table list the name of the indicator `The Strat and Momentum Joint`
Row 2 Shows the color of the trend, is it going up down or sideways. It also gives a warning, to not trade against the trend, this is not financial advice and lists HMA, VWAP and EMA numbers incase you disagree with the trend, it will only show an up trend if the price is over all those numbers, then we know we have a strong trend, and the opposite for a down trend, it is considered to be choppy if it's not
Row 3 Shows The Full Timeframe Continuity going from 5 minutes up to 1 Year. This is critical for the trading strategy.
Row 4 Shows the Day Range and vs the ATR
Row 5 Shows the Fib levels based on the ATR. It shows upper trigger ( 0.236 ATR level unless this was changed in setting) and the +1 ATR Level movement towards this level is Bullish
Row 6 Shows the Fib levels based on the ATR. It shows lower trigger (- 0.236 ATR level unless this was changed in setting) and the -1 ATR Level movement toward this level is Bearish
The main thesis is as follows and subject to minor changes as I become a more seasoned and better trader:
The primary thesis comes from theSTRAT which is a form of charting where one should analyze multiple timeframes. The charting method has three major elements; Major direction, candle analysis and conclusion of price direction. Bar Analysis seek out for a three major types of bars.
Candle Type 1 - Inside Candle
Candle Type 2- Up or Down Candle
Candle Type 3 - Engulfing Candle
What we want to do is analyze the chart and look for full timeframe continuity or conflict. This helps traders to determine continuity, correction or start of the reversal.
Major conclusion of the trading method is based on time frame continuity.
Conclude direction of the current trend by looking at the direction of the higher time frame candles.
Conclude support and resistance level based on the higher time frame's appreciation or rejection levels.
Inside bar represents pause in the current trend. It could be the culprit behind major reversal.
Outside bar represents a reason for future and immediate time frame broadening formation of price behavior.
Directional bar indicates continuation of price movement in a same direction.
The second part of the thesis is momentum. using moving averages. Since the primary manner Callme100k uses to trade theStrat is with options, the greeks play a major role in how you can be profitable. If the stock stays flat, you will actually lose money in holding it, so we have to only hold it if its moving in the direction that's benefiting us. You don't want to lose to theta as you wait for momentum so you can see the trend and momentum and take it into account before making an entry or exit.
To help with this a band based on the Hull Moving Average is displayed overlaying the chart's candles. It is there to let you know how the stock is moving and help you trade with the trend
The third part comes from TrustMyLevels, JrGreatness and Saty Mahajan.
We use the ATR the Average True Range to determine Fibonnacci Levels based on if the stock was to go up 1 ATR or Fall 1 ATR. Saty Mahajan has noticed that the 0.236 up or down levels versus the ATR are critical.
The ATR is mainly a volatility indicator and Statistically it is less likely for a stock, crypto to go more than 1 ATR in a period , due to this we can use 1 ATR above the prior closing price baseline, or 1 ATR below the closing price baseline to observe future performance.
When you chart fibonacci levels against the ATR 0.236 and 0.618 fib levels tend to be meaningful, and this can help you pick profit targets in combo with the STRAT.
This script identifies the 3 different candle types for use in #TheStrat (see Twitter ).
Candle Type 1 - Inside Candle
Candle Type 2- Up or Down Candle
Candle Type 3 - Engulfing Candle
Analysis of the candle types can help you define actionable signals and draw broadening formations
What is included:
* Candle Type 1 - Inside Candle
* Candle Type 2- Up or Down Candle
* Candle Type 3 - Engulfing Candle
* Strat signal:
- 2-1-2 setup
- 3-2-2 setup
* Full Timeframe Continuity:
- from a 5min timeframe to a yearly timeframe. Green gives you an uptrend, Red a downtrend.
This indicator uses the previous period close and +/- 1 ATR to display significant day, multiday, swing, and position trading levels including:
- Trigger clouds for possibly going long/short @ 0.236 fib
- Mid-range level at 61.8 fib
- Full range level at +/- 1 ATR (from previous close)
- Extension level at 1.618 fib
Additionally, a convenient info table is provided that shows trend, range utilization, and numerical long/short values.
This script is in beta, it does not give buy or sell signals, or give financial advice. Do your own research, and also verify the chart.
To understand this script you need to understand
Average True Range (ATR)
1 Bar Inside Bar
2 Bar Outside Bar (Break either the top or bottom)
3 Bar Engulfing Bar
Strat Setups - 212, 322, 312
Fibonacci - 0.236, 0.618
Moving Averages
Atributions
- Significant changes to all code listed below but this code was built with the help of 3 indicators
- Basic HULL MA Pack by InSilico, The Strat Info Box by @Xpul and SATY ATR Levels by Saty Mahajan
- Basic Hull Ma Pack tinkered by InSilico
- Strat Algos from The Strat info box by Xpul
- ATR Levels from Saty ATR Levels by SATY Mahajan
Additions
- Simplification to optimize for day trading
- Usage of Hull & VWAP to show trend visually
- Removal of plotting Fast, Slow and Pivot EMA lines
- Ability to turn off Strat Signals and Numbers
- Showing ATR Levels based on Fib Retracement
- Displaying visual indicator when price moves past 0.236 or -0.236 Levels
- Showing when stock price has passed 0.618 and -0.618 levels
The TABLE is probably the biggest upgrade part and it can help keep you focused on what's important because all factors that effect the trading thesis is visible at all times on the table as long as its enabled
Row 1 of The Table list the name of the indicator `The Strat and Momentum Joint`
Row 2 Shows the color of the trend, is it going up down or sideways. It also gives a warning, to not trade against the trend, this is not financial advice and lists HMA, VWAP and EMA numbers incase you disagree with the trend, it will only show an up trend if the price is over all those numbers, then we know we have a strong trend, and the opposite for a down trend, it is considered to be choppy if it's not
Row 3 Shows The Full Timeframe Continuity going from 5 minutes up to 1 Year. This is critical for the trading strategy.
Row 4 Shows the Day Range and vs the ATR
Row 5 Shows the Fib levels based on the ATR. It shows upper trigger ( 0.236 ATR level unless this was changed in setting) and the +1 ATR Level movement towards this level is Bullish
Row 6 Shows the Fib levels based on the ATR. It shows lower trigger (- 0.236 ATR level unless this was changed in setting) and the -1 ATR Level movement toward this level is Bearish
The main thesis is as follows and subject to minor changes as I become a more seasoned and better trader:
The primary thesis comes from theSTRAT which is a form of charting where one should analyze multiple timeframes. The charting method has three major elements; Major direction, candle analysis and conclusion of price direction. Bar Analysis seek out for a three major types of bars.
Candle Type 1 - Inside Candle
Candle Type 2- Up or Down Candle
Candle Type 3 - Engulfing Candle
What we want to do is analyze the chart and look for full timeframe continuity or conflict. This helps traders to determine continuity, correction or start of the reversal.
Major conclusion of the trading method is based on time frame continuity.
Conclude direction of the current trend by looking at the direction of the higher time frame candles.
Conclude support and resistance level based on the higher time frame's appreciation or rejection levels.
Inside bar represents pause in the current trend. It could be the culprit behind major reversal.
Outside bar represents a reason for future and immediate time frame broadening formation of price behavior.
Directional bar indicates continuation of price movement in a same direction.
The second part of the thesis is momentum. using moving averages. Since the primary manner Callme100k uses to trade theStrat is with options, the greeks play a major role in how you can be profitable. If the stock stays flat, you will actually lose money in holding it, so we have to only hold it if its moving in the direction that's benefiting us. You don't want to lose to theta as you wait for momentum so you can see the trend and momentum and take it into account before making an entry or exit.
To help with this a band based on the Hull Moving Average is displayed overlaying the chart's candles. It is there to let you know how the stock is moving and help you trade with the trend
The third part comes from TrustMyLevels, JrGreatness and Saty Mahajan.
We use the ATR the Average True Range to determine Fibonnacci Levels based on if the stock was to go up 1 ATR or Fall 1 ATR. Saty Mahajan has noticed that the 0.236 up or down levels versus the ATR are critical.
The ATR is mainly a volatility indicator and Statistically it is less likely for a stock, crypto to go more than 1 ATR in a period , due to this we can use 1 ATR above the prior closing price baseline, or 1 ATR below the closing price baseline to observe future performance.
When you chart fibonacci levels against the ATR 0.236 and 0.618 fib levels tend to be meaningful, and this can help you pick profit targets in combo with the STRAT.
This script identifies the 3 different candle types for use in #TheStrat (see Twitter ).
Candle Type 1 - Inside Candle
Candle Type 2- Up or Down Candle
Candle Type 3 - Engulfing Candle
Analysis of the candle types can help you define actionable signals and draw broadening formations
What is included:
* Candle Type 1 - Inside Candle
* Candle Type 2- Up or Down Candle
* Candle Type 3 - Engulfing Candle
* Strat signal:
- 2-1-2 setup
- 3-2-2 setup
* Full Timeframe Continuity:
- from a 5min timeframe to a yearly timeframe. Green gives you an uptrend, Red a downtrend.
This indicator uses the previous period close and +/- 1 ATR to display significant day, multiday, swing, and position trading levels including:
- Trigger clouds for possibly going long/short @ 0.236 fib
- Mid-range level at 61.8 fib
- Full range level at +/- 1 ATR (from previous close)
- Extension level at 1.618 fib
Additionally, a convenient info table is provided that shows trend, range utilization, and numerical long/short values.
發行說明
i.imgur.com/8vQhdIC.pngThis indicator is a combination of a few things in order to work with a unique trading style gleaned from Callme100k, jrgreatness, TrustMyLevels , FaithInTheStrat, Rob Smith and Saty Mahajan.
This script is in beta, it does not give buy or sell signals, or give financial advice. Do your own research, and also verify the chart.
To understand this script you need to understand
Average True Range (ATR)
1 Bar Inside Bar
2 Bar Outside Bar (Break either the top or bottom)
3 Bar Engulfing Bar
Strat Setups - 212, 322, 312
Fibonacci - 0.236, 0.618
Moving Averages
The main thesis is as follows and subject to minor changes as I become a more seasoned and better trader:
The primary thesis comes from theSTRAT which is a form of charting where one should analyze multiple timeframes. The charting method has three major elements; Major direction, candle analysis and conclusion of price direction. Bar Analysis seek out for a three major types of bars.
Candle Type 1 - Inside Candle
Candle Type 2- Up or Down Candle
Candle Type 3 - Engulfing Candle
What we want to do is analyze the chart and look for full timeframe continuity or conflict. This helps traders to determine continuity, correction or start of the reversal.
Major conclusion of the trading method is based on time frame continuity.
Conclude direction of the current trend by looking at the direction of the higher time frame candles.
Conclude support and resistance level based on the higher time frame's appreciation or rejection levels.
Inside bar represents pause in the current trend. It could be the culprit behind major reversal.
Outside bar represents a reason for future and immediate time frame broadening formation of price behavior.
Directional bar indicates continuation of price movement in a same direction.
The second part of the thesis is momentum. using moving averages. Since the primary manner Callme100k uses to trade theStrat is with options, the greeks play a major role in how you can be profitable. If the stock stays flat, you will actually lose money in holding it, so we have to only hold it if its moving in the direction that's benefiting us. You don't want to lose to theta as you wait for momentum so you can see the trend and momentum and take it into account before making an entry or exit.
To help with this a band based on the Hull Moving Average is displayed overlaying the chart's candles. It is there to let you know how the stock is moving and help you trade with the trend
The third part comes from TrustMyLevels, JrGreatness and Saty Mahajan.
We use the ATR the Average True Range to determine Fibonnaci Levels based on if the stock was to go up 1 ATR or Fall 1 ATR. Saty Mahajan has noticed that the 0.236 up or down levels versus the ATR are critical.
The ATR is mainly a volatility indicator and Statistically it is less likely for a stock, crypto to go more than 1 ATR in a period , due to this we can use 1 ATR above the prior closing price baseline, or 1 ATR below the closing price baseline to observe future performance.
When you chart fibonncci levels against the ATR 0.236 and 0.618 fib levels tend to be meaningful, and this can help you pick profit targets in combo with the STRAT.
This script identifies the 3 different candle types for use in #TheStrat (see Twitter ).
Candle Type 1 - Inside Candle
Candle Type 2- Up or Down Candle
Candle Type 3 - Engulfing Candle
Analysis of the candle types can help you define actionable signals and draw broadening formations
What is included:
* Candle Type 1 - Inside Candle
* Candle Type 2- Up or Down Candle
* Candle Type 3 - Engulfing Candle
* Strat signal:
- 2-1-2 setup
- 3-2-2 setup
* Full Timeframe Continuity:
- from a 5min timeframe to a yearly timeframe. Green gives you an uptrend, Red a downtrend.
This indicator uses the previous period close and +/- 1 ATR to display significant day, multiday, swing, and position trading levels including:
- Trigger clouds for possibly going long/short @ 0.236 fib
- Mid-range level at 61.8 fib
- Full range level at +/- 1 ATR (from previous close)
- Extension level at 1.618 fib
Additionally, a convenient info table is provided that shows trend, range utilization, and numerical long/short values.
The TABLE is probably the coolest part of the script and it can help keep you focused on what's important because the entire trading thseis is visible at all time on the table
Row 1 of The Table list the name of the indicator `The Srat and Momentum Joint`
Row 2 Shows the color of the trend, is it going up down or sideways. It also gives a warning, to not trade against the trend, this is not financial advice.
Row 3 Shows The Full Timeframe Continuity going from 5 minutes up to 1 Year. This is critical for the trading strategy.
Row 4 Shows the Day Range and vs the ATR
Row 5 Shows the Fib levels based on the ATR. It shows upper trigger ( 0.236 ATR level unless this was changed in setting) and the +1 ATR Level movement towards this level is Bullish
Row 6 Shows the Fib levels based on the ATR. It shows lower trigger (- 0.236 ATR level unless this was changed in setting) and the -1 ATR Level movement toward this level is Bearish
發行說明
Minor update on calculating the 1 bars. needed to account for high not breaking the high of previous candle but being equal to previous candle high.If previous high was 400, and low was 399, and the next bar is an exact match, same high and low that bar is still 'inside' so should be marked a 1.
發行說明
Improved Calculation of Momentum, Green means that the price is above the FastEMA, The Fast is above the Pivot and PivotEMA is above the slow and the HULL is trending UP. Red is the exact opposite and the yellow means it's in conflict or choppy.You can now see both Timeframe and Momentum Continuity in the TA table.
發行說明
Bullish is- Current Price is greater than the Fast EMA Value (8)
- Fast EMA is greater than PIVOT EMA Value (21)
- Pivot EMA is greater than SLOW EMA Value (34)
- OR Hull is trending up and the Price is above the Volume Weighted Moving Average
Bearish is- Current Price is less than the Fast EMA Value (8)
- Fast EMA is less than PIVOT EMA Value (21)
- Pivot EMA is less than SLOW EMA Value (34)
- OR Hull is trending down and the Price is below the Volume Weighted Moving Average
If these conditions are not met then the Momentum is in Conflict
The Momentum band will match the color of the current trend
The VWMA Line will match the color of the band.
發行說明
2-2 Reversal Signals3-2 Signals
Big Ass Candle Signal Added
VWAP added
Changed ATR Levels from using the previous day close, to the current day open, in order to establish levels.
Added open price to table
Remove 2-1-2 and 3-1-2 Signals
Stopped overlapping signals on table
Added 2 Down and 2 Up Continuation Signals
發行說明
Update Big Ass Candle to check if one candle is 3x bigger than previous candle and also to check if 25% of the ATR has been reached by a candle on the 1min timeframe. Turn on Open Level Plotting, Upper and Lower Trigger by default, (this can be turned off in settings)
Use VWAP in momentum calculation but only when there isn't full continuity between fast, pivot and slow ema.
發行說明
Levels on my default發行說明
This Indicator is created to help you day trade using, ATR Fibonacci Levels, Price Action and Momentum.It displays Fibonacci Levels Based on ATR to indicate when a security is 0.236, 0.382 +- the Days Open, +- the Days Open, 0.618 +- the Days Open and 1.0 +- Days Open.
To understand this script you need to understand
Average True Range (ATR)
1 Bar Inside Bar
2 Bar Outside Bar (Break either the top or bottom)
3 Bar Engulfing Bar
Strat Setups - 212, 322, 312
Fibonacci - 0.236, 0.382, 0.618, 1.0
Moving Averages
A Trend is considered bullish when (green)
Current Price is greater than the Fast EMA Value (8)
Fast EMA is greater than PIVOT EMA Value (21)
Pivot EMA is greater than SLOW EMA Value (34)
OR Hull is trending up and the Price is above the Volume Weighted Moving Average and price is above VWAP
A trend is considered Bearish when (red)
Current Price is less than the Fast EMA Value (8)
Fast EMA is less than PIVOT EMA Value (21)
Pivot EMA is less than SLOW EMA Value (34)
OR Hull is trending down and the Price is below the Volume Weighted Moving Average and price is below VWAP
If these conditions are not met then the Momentum is in Conflict (orange)
The Momentum band will match the color of the current trend
The table that is present can be turned off at any time lets you see
1) If Moving Averages are showing bullish, bearish or in conflict
2) If There us Time Frame Continuity, (if 5 min up, are all the other timeframes up also)
3) How much of the ATR have we moved on the day
4) Are we in Call or Put range for the day based on ATR Fib Levels
The Ideal situation for entering a call
1) Momentum is Green
2) FTFC on Green
3) A Strat Actionable Signal is present
4) You are in the call range, 0.236 - 0.618 ATR + the Price
5) The ATR still has room, I.e only 50% of the ATR has been run already
Ideal situation from entering a put
1) Momentum is red
2) FTFC on Red
3) A Strat Actionable Signal is present
4) You are in the put range, 0.236 - 0.618 ATR - the Price
5) The ATR still has room, I.e only 50% of the ATR has been run already
Exit the trade for these reasons you entered (for profit or loss)
1) ATR has no more room
2) FTFC is now in conflict
3) Momentum has shifted
Take Profit when
1) You reach a new ATR Level 0.618, 1.0 , -0.618, -1, etc
Passive Stop Loss
1) Open Price if you are aggressive
2) Next ATR Level Down or Up
Feel free to take profit and leave runners
This script does not give signals, you should do your own research, I am not a financial advisors, I am simply applying principles of seasoned veterans to code. You make all decisions about how you buy, sell and trade. The creator of this script makes no promises and takes no responsibility for your personal trading.
To research the methods described above look up
Rob Smith : The Strat
Saty Mahajan : ATR Levels
Fibonacci
Using the HULL Moving Average
Exponential Moving Averages
VWAP
VWMA
發行說明
Minor Structural Changes + Show Strat Setups in the table發行說明
Fix Spelling Error發行說明
Back testing added, 發行說明
Minor Updates on Charting of Previous Day High Low and Open發行說明
You can now toggle between a small chart and a large chartLarge Chart is optimal for desktop and has all data
Small Chart is for mobile trading and gives only the most important Data
Full Time Frame Continuity
ATR Fib Levels
If Momentum is Bullish, Choppy or Bearish
發行說明
Minor Typo Fixed發行說明
Update Chart開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。