Premium MTF Layered RSI - Bitcoin Bot [wbburgin]This the premium version of my MTF Layered RSI strategy, which improves significantly on the original strategy (publicly available on my profile). Improvements are below. This strategy will also appear as an overlay on your chart. It is completely non-repainting.
The MTF Layered RSI strategy uses the current timeframe and two configurable higher timeframes to enter a long position when Bitcoin is oversold on all three timeframes, and exit the long position when Bitcoin is overbought on the current timeframe. This hedges against situations where the RSI on higher timeframes never reaches the overbought level and we are left "holding the bag" so to speak with the classic "enter long at oversold and enter short at overbought" strategy.
IMPORTANT: This strategy does not work on ranges. It will work on all timeframes and assets, but does not work on ranges (Renko blocks and some other advanced types of charts).
********** My Background
I am an investor, trader, and entrepreneur with 10 years of cryptocurrency and equity trading experience and founder of two fintech startups. I am a graduate of a prestigious university in the United States and carry broad and inclusive interests in mathematical finance, computer science, machine learning / artificial intelligence, as well as other fields.
**********
Improvements over the original MTF RSI strategy include:
Filters for Uptrends and Downtrends → The Premium RSI strategy will adjust its buy and sell thresholds depending on whether the instrument is trending. This means that, in uptrends, the Premium strategy will buy more frequently, bringing in potentially greater profit, and in downtrends, the strategy will stop buying altogether. These filters and dynamic buy/sell thresholds have made this strategy more profitable in my backtesting across random timeframes, but I cannot guarantee that the strategy will be profitable for you on the default settings. To that end, I have enabled a number of different configurations that you can change in the settings of the strategy.
Stop Loss / Take Profit Calculation Per Tick → Stop loss and take profit are now both enabled in the script and each has their own alerts. You can specify what type of stop loss or take profit you want: percentage or ATR. If you have alerts configured, you will be alerted mid-bar, instead of at close. This helps prevent loss from abrupt falls in price between closing price and next bar open.
Customizable Alert Messages In-Strategy → In the settings, there will be text boxes where you can create your own alerts. All you will need to do is create an alert in the alert panel on Tradingview and leave the message box blank - if you fill out the alert boxes in the settings, these will automatically populate into your alerts. There are in total eight different customizable alerts messages: Entry, Exit, Stop loss, and Take profit alerts for both Long and Short sides. If you disable stop loss and/or take profit, these alerts will also be disabled. Similarly, if you disable shorts, all short alerts will be disabled.
**********
Display
Configuring Stop Loss or Take Profit will make their corresponding displays appear.
Separately from the trading boxes, background colors (green, red) signify extended uptrends and downtrends, respectively.
Configuring Alerts
In TradingView desktop, go to the ‘Alerts’ tab on the right panel. Click the “+” button to create a new alert. Select this strategy for the condition and one of the two options that includes alert() function calls. Name the alert what you wish and clear the default message, because your text in the settings will replace this message.
Now that the alert is configured, you can go to the settings of the strategy and fill in your chosen text for the specific alert condition. You will need to check “Long and Short” in the “Trade Direction” setting in order for any Short Alerts to become active. Similarly, you will need to check “Enable Stop Loss” for stop loss alerts to become active and “Enable Take Profit” for take profit alerts to become active.
**********
Disclaimer
Copyright by wbburgin.
The information contained in my Scripts/Indicators/Algorithms does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
**********
Notes on the Strategy Performance below: This is 3% of equity per trade, with a pyramiding number of 3. I did not include fees because Binance US on Bitcoin/USD does not charge fees on the instrument; however, I heavily encourage you to include fees in your backtesting if you use a different brokerage. To mitigate fees, this strategy is designed with a high average %/trade. If your current fees are greater than the strategy's average %/trade, I encourage you to choose a higher RSI period, such as 14 or 28, which will result in less trades but potentially a higher %/trade.
真實波幅均值(ATR)
Cumulative TICK Trend[Pt]Cumulative TICK Trend indicator is a comprehensive trading tool that uses TICK data to define the market's cumulative trend. Trend is shown on ATR EMA bands, which is overlaid on the price chart. Cumulative TICK shown on the bottom pane is for reference only.
Main features of the Cumulative TICK Trend Indicator include:
Selectable TICK Source: You have the flexibility to choose your preferred TICK source from the following options, depending on the market you trade: USI:TICK, USI:TICKQ, USI:TICKI, and USI:TICKA.
TICK Data Type: Select the type of TICK data to use, options include: Close, Open, hl2, ohlc4, hlc3.
Simple Moving Average (SMA): You can choose to apply an SMA on the calculated Cumulative TICK values with a customizable length.
Average True Range (ATR) Bands: It provides the option to display ATR bands with adjustable settings. This includes the ATR period, EMA period, source for the ATR calculation, and the ATR multiplier for the upper band.
Trend Color Customization: You can customize the color of the bull and bear trends according to your preference.
Smooth Line Option: This setting allows you to smooth the ATR Bands with a customizable length.
How it Works:
This indicator accumulates TICK data during market hours (9:30-16:00) as per the New York time zone and resets at the start of a new session or the end of the regular session. This cumulative TICK value is then used to determine the trend.
The trend is defined as bullish if the SMA of cumulative TICK is equal to or greater than zero and bearish if it's less than zero. Additionally, this indicator plots the ATR bands, which can be used as volatility measures. The Upper ATR Band and Lower ATR Band can be made smoother using the SMA, according to the trader's preference.
The plot includes two parts for each trend: a stronger color (Red for bear, Green for bull) when the trend is ongoing, and a lighter color when the trend seems to be changing.
Remember, this tool is intended to be used as part of a comprehensive trading strategy. Always ensure you are managing risk appropriately and consulting various data sources to make informed trading decisions.
Master Supertrend [Trendoscope]Are you a fan of supertrend? Me too!! Here is a supertrend indicator which provides multiple variation options to chose from.
🎲 Introduction
Supertrend is a popular technical indicator used by traders to identify potential trend reversals and determine entry and exit points in financial markets. It is a trend-following indicator that combines price and volatility to generate its signals. Generally supertrend is calculated based on ATR and multiplier value which is used for calculation of stops. In these adaptions, we look to provide few variations to classical methods.
🎲 Variations
Following variations are provided in the form of settings.
🎯 Range Type
Instead of ATR, different types of ranges can be used for stop calculation. Here is the complete list used in the script.
Plus/Minus Range - Calculates plus range and minus range for each candle and uses them for different sides of stop calculation
Ladder ATR - Based on the existing concept of Ladder ATR defined in Supertrend-Ladder-ATR
True Range - True range derived from standard function ta.tr
Standard Deviation - Standard deviation of close prices
🎯 Applied Calculation
In standard ATR, rma of TR is used for calculations. But, the application calculation provides option to users to use different mechanisms. It can be a type of moving average or few other types of calculations.
Available values are
sma
ema
hma
rma
wma
high
median
medianHigh (Highest of the last N medians)
medianLow (Lowest of the last N medians)
🎯 Other options
Few other options provided are
Use Close Price - If selected stops are calculated based on the close price instead of high/low prices
Wait for Close If selected, change of supertrend direction is calculated based on close price instead of high/low prices
Diminishing Stop Distance - When selected, stop distance for the trend direction can only reduce and cannot increase. This option is useful for keeping the tight stops on strong trends.
🎯 Plus Minus Range
One of the range type used is Plus/Minus Range. What it means and how are these ranges calculated? Let's have a look.
Plus Range is an upward movement of a candle from its last price or open price whichever is lower.
Minus Range is a downward movement of a candle from its last price or open price whichever is higher.
This divides True Range into two separate range for positive and negative side.
Here are the simple settings in nutshell which reflects the same.
custom Bollinger bands with filters - indicator (AS)-----------Description-------------
This indicator is basically Bollinger bands with many ways to customize. It uses highest and lowest values of upper and lower band for exits. I think something is wrong with the script but cant find any mistakes – most probably smoothing. The ATR filter is implemented but is working incorrectly. In code you can also turn it into strategy but I do not recommend it for now as it is not ready yet.
So this is my first script and I am looking for any advice, ideas to improve this script, sets of parameters, markets to apply, logical mistakes in code or any ideas that you may have. Indicator was initially designed for EURUSD 5MIN but I would be interested in other ideas.
-----------SETTINGS--------------
---START - In starting settings we can choose
Line 1: what parts to use BB/DC/ATR
Line 2: what parts to plot on chart
Line 3 Whether or not apply smoothing to BB or ATR filter
Line 4 Calculate deviation for BB from price or Moving average
Line 5 Fill colors and plot other parts for debug (overlay=false)
Line 6:( for strategy) – enable Long/Short Trades
---BB and DC – here we modify Bollinger bands and Donchian
Line 1: Length and type of BB middle line and also length of DC from BB
Line 2: Length and type of BB standard deviation and multiplier
Line 3: Length and type of BB smoothing and %width for BB filter
---ATR filter – (not ready fully yet)
Line 1: type and length of ATR
Line 2: threshold and smoothing value of ATR
---DATE and SESSION
Line 1: apply custom date or session?
Line 2: session hours settings
Line 3:Custom starting date
Line 4: Custom Ending date
-----------HOW TO USE--------------
We open Long if BB width is bigger than threshold and close when upper band is no longer highest in the period set. Exact opposite with Short
Volatility Adjusted ADX (VADX)I sincerely wish to express my heartfelt gratitude to the vast community of coders on TradingView who have previously crafted various Average Directional Index (ADX) scripts. Their innovative approaches have laid a solid foundation, and I'm incredibly grateful for their inspiring work. In essence, their accomplishments have ignited the creative spark that led to the development of the Volatility Adjusted ADX (VADX) script.
VADX is not your run-of-the-mill script. It distinguishes itself from the myriad of ADX indicators on TradingView due to its unique volatility-adjustment mechanism. The primary purpose of this script is to augment the ADX's ability to quantify trend strength by introducing a layer of sensitivity to volatility shifts through the Average True Range (ATR). The interaction between these two crucial market measurements is where the novelty lies.
While the standard ADX does an excellent job of diagnosing the trend's vigor, its evaluation can sometimes be skewed when markets oscillate between periods of high and low volatility. Integrating the ATR – a reliable indicator of market volatility – into the ADX calculation mitigates this limitation, resulting in a more robust, volatility-adjusted trend strength measurement.
The specifics of the mathematical adjustment, our secret ingredient, will remain undisclosed for proprietary reasons. Nevertheless, I assure you that it creates a dynamic and balanced interplay between the trend strength and volatility, enabling a more nuanced understanding of the market.
The VADX script is user-friendly and includes three main inputs: ADX Smoothing, DI Length, and ATR Length. The ADX Smoothing parameter refines the ADX calculation, DI Length determines the period for the Directional Movement System calculation, and the ATR Length sets the period for the Average True Range.
Using this indicator is as easy as pie. After adding it to your chart, VADX will manifest itself as a separate panel beneath your price chart. When the VADX is escalating, it indicates that the strength of the trend is intensifying. Conversely, a declining VADX suggests diminishing trend strength. Two horizontal lines at the 25 and 75 levels provide a simple interpretation guide – they denote weak and strong trend phases, respectively.
This robust indicator is adaptable and can be effectively applied across multiple markets - from stocks, forex, and futures to cryptocurrencies. It also delivers valuable insights on any timeframe. However, as with any new indicator, I highly recommend initial testing and optimization to match your unique trading style and objectives.
To wrap up, the VADX indicator sets itself apart with its novel volatility adjustment, a feature not commonly found in existing TradingView scripts. This distinctive capability affords traders a more comprehensive view of the trend's strength by accounting for market volatility, adding an extra layer of depth to traditional ADX interpretation. I sincerely hope that this script enriches your trading arsenal and assists you in navigating the market with enhanced precision. As always, happy trading!
Limit Order + ATR Stop-Loss [TANHEF]This indicator enables interactive placement of limit or stop-limit orders with a trailing ATR stop-loss and optional profit target (with alerts). Refer to the images below for further clarification.
Why use a trailing stop-loss?
A trailing stop-loss serves as an exit strategy when price moves against you, while also allowing you to adjust the exit point further into profit when price moves favorably. The ATR (Average True Range), a reliable measure of volatility, acts as an effective risk management tool, functioning as a trailing stop-loss.
Indicator Explanation
Initial indicator placement: Select Long Limit or Long-Stop Limit order.
Change Entry Type: Switch between Long and Short within settings.
Modify entry price: Drag circle, adjust in settings, or re-add indicator to chart.
Optional Profit Target: Use Risk/Reward ratio or specify price.
Entry anticipation: Estimated ATR stop-loss and profit target as blue circles (fluctuates with volatility changes).
Entry triggered: Actual ATR stop-loss and profit target plotted.
Exit conditions: Stop-loss or profit target hit, exit entry.
Update Frequency: Continuously, Bar Open, or Bar Open on entry then continuously.
ATR Overlap: no entry occurs if the ATR overlaps with price (stop-loss 'hit' already on entry bar)
Table: Displays input settings selected.
Show Only On Ticker: Ability to hide indicator on other tickers.
Long Limit
Long Stop-Limit
Short Limit
Short Stop-Limit
Alerts
1. 'Check' alerts to use within indicator settings (entry, trailing stop hit, profit target hit, and failed entry).
2. Select 'Create Alert'
3. Set the condition to 'Limit Order + ATR Stop-Loss''
4. Select create.
Additional details can be added to the alert message using these words in between Curly (Brace) Brackets:
{{trail}} = ATR trailing stop-loss (price)
{{target}} = Price target (price)
{{type}} = Long or Short stop-loss (word)
{{traildistance}} = Trailing Distance (%)
{{targetdistance}} = Target Distance (%)
{{starttime}} = Start time of position (day:hr:min)
{{maxdrawdown}} = max loss
{{maxprofit}} = max profit
{{update}} = stoploss update frequency
{{entrysource}} = entry as 1st bar source (yes/no)
{{triggerentry}} = Wick/Close Trigger entry input
{{triggerexit}} = Wick/Close Trigger exit input
{{triggertarget}} = Wick/Close Trigger target input
{{atrlength}} = ATR length input
{{atrmultiplier}} = ATR multiplier input
{{atrtype}} = ATR type input
{{ticker}} = Ticker of chart (word)
{{exchange}} = Exchange of chart (word)
{{description}} = Description of ticker (words)
{{close}} = Bar close (price)
{{open}} = Bar open (price)
{{high}} = Bar high (price)
{{low}} = Bar low (price)
{{hl2}} = Bar HL2 (price)
{{volume}} = Bar volume (value)
{{time}} = Current time (day:hr:min)
{{interval}} = Chart timeframe
{{newline}} = New line for text
PhenomIt is a simple and effective tool for trading on moving averages.
The main advantage is that an ATR-based risk management system is included here. The system is based on the work of FullTimeTradingRu and the FBMA indicator
How to use the system:
1. I recommend using a daily timeframe.
2. Look for a rebound from the moving average, the most effective 20 Ema. For convenience, the colors of the bars are painted green in an uptrend.
3. Enter the transaction using hints. The recommended number of shares to buy is indicated in the table, taking into account your deposit and the risk per transaction from the deposit (by default 1%). Stop 1.5 ATR. Everything is the same for opening short positions.
4. I recommend entering the second trade only if the previous one passed 0.5 ATR, thereby confirming the trend and the fact that you correctly guessed the movement.
There are ATR settings in the script
Last bar show — How many bars to show
ATR lines ATR Step — For a more convenient view, ATR lines can be turned into a ladder.
Rainbow Drift BetaRainbow Drift Beta is an indicator that detects the triggers of long and short positions at any TF.
It's based on two different type of approaches to the EMAs periods:
- Classic EMAs periods: 10 and 50
- Cycle EMAs perdios: 16, 64 and 256
The 256 period EMA (Annual Cycle) detects the trend: if the EMA 64 (Three-Weekly Cycle) is above, it shows an uptrend; while the EMA 64 is below, it means that the price action is in downtrend.
10 and 16 periods EMAs are working together as well as the 50 and the 64. The first couple reacts faster than the second one and as soon as the 10 is above the 16, the band shows the first attempt of the price action to go in the uptrend direction. The same concept is applied to the second couple (50, 64): when EMA 50 > EMA 64 it's a confirmation of the faster EMAs long direction. Viceverca happens for the downtrend but with the same concept.
As the EMA periods taken in consideration are quite often a sensitive level of reaction of the price, the indicator detects when there is trigger of a long or a short set up and plots a label on the chart. It's possibile to set up an alert as well.
Quite important, the indicator is looking for sideways patterns as the breakout of them shows a clear direction of the price.
Moreover, in order to privide the first and the best entry possibile, the indicator has a function that is triggering only one time as the trend reverted: for example, a long entry on the EMA 10-16 happens only one time since they crossover the EMA 64.
As included in the name, this is a beta version and new improvements will be added in the near future like suggested price entry, SL and TP, and the focus of the development is to avoid as much as possibile the false triggers.
Of course the best way to improve the code is to receive the users' feedbacks, so please feel free to post your comments and questions.
ATR CandlesAverage true range (ATR) is a market volatility indicator used to show the average range prices swing over a specified period.
The ATR Candles indicator has two primary functions. First, it measures a short-term ATR against a longer-term ATR to show if volatility is contracting or expanding.
Secondly, this indicator goes a step further by highlighting individual candles that exceed or fall below user selected ATR thresholds.
Moments of volatility contraction often lead to expansion and vice versa. By using the ATR Candles traders can identify potential imminent breakouts/breakdowns or healthy pullbacks vs a volatile correction.
Indicator Features
Selectable ATR lengths
Selectable threshold limits (1 contraction / 2 expansion)
Calculate current candles range from open / previous close / daily range
Custom colors
Show or hide every element
Directional ATROANDA:EURUSD
TLDR: A custom volatility indicator that combines Average True Range with candle direction.
The Directional ATR (DATR) is an indicator that enhances the traditional Average True Range (ATR) by incorporating the direction of the candle (bullish or bearish).
This indicator is designed to help traders identify trend strength, potential trend reversals, and market volatility.
Key Features:
Trend Confirmation: Positive and increasing DATR values suggest a bullish trend, while negative and decreasing values indicate a bearish trend. A higher absolute DATR value signifies a stronger trend.
Trend Reversal: A change in the direction of the DATR from positive to negative or vice versa may signal a potential trend reversal.
Volatility: Like the standard ATR, the DATR can be used to gauge market volatility, with larger absolute values indicating higher volatility and smaller values suggesting lower volatility.
Divergence: Divergence between the price and the DATR could signal a potential weakening of the trend and an upcoming reversal.
Overbought/Oversold Levels: Extreme DATR values can be used to identify overbought or oversold market conditions, signaling potential reversals or corrections.
Please note that the Directional ATR is just an indicator, and the interpretations provided are based on its underlying logic.
It is essential to combine the DATR with other technical analysis tools and test the indicator on historical data before using it in your trading strategy. Additionally, consider other factors such as risk management, and your own trading style.
ATR ControlThis indicator shows the following values:
ATR value of the current symbol
Size of the full position based on the maximum risk set
Three sizes that are percents of the full size already present in this indicator
Customizable settings are:
Show/hide single rows
ATR Timeframe
ATR Lenght
First percent of the split to apply
Second percent of the split to apply
Maximum risk
The last percent is automatically calculated using the first two.
Example:
Full size: 500
First percent: 10
Second percent: 40
The third percent is calculated as 100 - first percent - second percent = 50
The split sizes shown are: 50/200/250
EMA + ATR Support/Resistance Auto-Boxed Range + Take profitUnveiling the 'EMA + ATR Support/Resistance Auto-Boxed Range + Take profit signal' tool, an innovative resource engineered for discerning traders to pinpoint crucial dynamic support and resistance levels (not like the common pivot based support and resistance indictors). The tool ingeniously amalgamates the power of EMA and ATR indicators to delineate these levels as green and red bands, offering invaluable insights into potential trading windows.
The real game-changers in this tool are the newly incorporated 'Auto Boxed Range Detector' and the 'Bull Bear Tug of War' detector. The Auto Boxed Range Detector is at the core of this update, illuminating price ranges to give you the upper hand in detecting breakouts or breakdowns. This feature has been designed meticulously to automate the identification of trading ranges, thereby increasing the accuracy and speed of your decision-making process. Also, this helps avoiding fake breakouts. If the top of the boxed range is near resistance line it is less likely to breakout unless we are on a trend day.
Simultaneously, the Bull Bear Tug of War detector (the little red and green triangles at the bottom) introduces an entirely new dimension of market dominance visualization. This detector embodies market power struggles through vivid red and green triangles, supplemented by translucent colors for transitional periods or potential false-outs. It's a dynamic, real-time pictorial representation of the ceaseless tug of war between bulls and bears captured by a combination of RSI, CCI, MACD, STOCHASTIC, AND VWAP, enabling you to anticipate market swings better. You can change the position of the triangles in the setting and move the red ones to top and keep the green ones in the bottom.
Customization options are plentiful, including the ability to tweak the EMA and ATR lengths, with default values set at 20 and 14 respectively. Additionally, you can modify the ATR multiplier in the S/R length setting, defaulted at 2, and the line width for optimal visibility. The EMA line can be made visible in the settings, while support and resistance lines are color-coded in green and red for instant recognition.
When prices make contact with these levels, the tool generates visual cues in the form of crosses above or below the price bars, thus serving as potential take profit or entry/exit points. Should you prefer, take profit signals can be deactivated in the settings.
To leverage this tool to its maximum potential:
- Fine-tune the EMA and ATR lengths to resonate with your trading strategy. Longer lengths yield smoother lines but may trail current prices.
- Determine the S/R length to govern the spacing of support and resistance lines from the EMA line.
- Stay alert for crosses above or below the price bar, signaling when prices have met support or resistance levels. These are key indicators for potential take profit or entry/exit decisions.
- For best results, this tool should be used in conjunction with other indicators to corroborate signals and minimize false alerts. The ultimate aim is to utilize other indicators to initiate a trade and rely on this tool to provide timely take profit reminders.
Bear in mind, this tool should not be the sole determinant in your investment decisions. Comprehensive research and a multifaceted approach are indispensable when contemplating any trades.
JS-TechTrading: Supertrend-Strategy_Basic versionAre you looking for a reliable and profitable algorithmic trading strategy for TradingView? If so, you might be interested in our Supertrend basic strategy, which is based on three powerful indicators: Supertrend (ATR), RSI and EMA.
Supertrend is a trend-following indicator that helps you identify the direction and strength of the market. It also gives you clear signals for entry and exit points based on price movements.
RSI is a momentum indicator that measures the speed and change of price movements. It helps you filter out false signals and avoid overbought or oversold conditions.
EMA is a moving average indicator that smooths out price fluctuations and shows you the long-term trend of the market. It helps you confirm the validity of your trades and avoid trading against the trend.
Our Supertrend basic strategy combines these three indicators to give you a simple yet effective way to trade any market. Here's how it works:
- For long trades, you enter when the price is above Supertrend and pulls back below it (the low of the candle crosses Supertrend) and then rebounds above it (the high of the next candle goes above the pullback candle). You exit when the price closes below Supertrend or when you reach your target profit or stop loss.
- For short trades, you enter when the price is below Supertrend and pulls back above it (the high of the candle crosses Supertrend) and then drops below it (the low of the next candle goes below the pullback candle). You exit when the price closes above Supertrend or when you reach your target profit or stop loss.
- You can also use RSI and EMA filters to improve your results. For long trades, you only enter if RSI is above 50 and price is above 200 EMA. For short trades, you only enter if RSI is below 50 and price is below 200 EMA.
- You can set your stop loss and target profit as a percentage of your entry price or based on other criteria. You can also adjust the parameters of each indicator according to your preferences and risk tolerance.
Our Supertrend basic strategy is easy to use and has been tested on various markets and time frames. It can help you capture consistent profits while minimizing your losses.
EMA + ATR Support and Resistance + Take Profit SignalThe 'EMA+ ATR Support Resistance Take Profit signal' indicator is a technical analysis tool designed to help traders identify potential support and resistance levels, using the Exponential Moving Average (EMA) and the Average True Range (ATR) indicators. This indicator not only tracks the EMA and ATR but also plots these levels as support and resistance lines, providing useful insights into potential buy and sell points.
The indicator allows you to set the lengths for both the EMA and ATR, with default values set to 20 and 14, respectively. Moreover, you can specify the multiplier for the ATR in the Support/Resistance (S/R) length setting, which defaults to 2. The line width for the plotted lines can also be adjusted according to your preference.
The EMA line in center is invisible by default but you can change that by going to the setting of the indicator. The support and resistance lines are plotted in green and red, respectively. When the price hits the support or resistance levels, the indicator provides a visual signal with a cross shape below or above the respective bars, in lime and red, respectively. If you do not need the take profit signals you can disable them in the setting.
How to Use:
1. Define the EMA and ATR lengths according to your trading strategy. Higher lengths will provide smoother lines but may also lag the current price action.
2. Set the S/R length to determine the distance of the support and resistance lines from the EMA line. Higher values will place these lines further away from the EMA.
3. Monitor the chart for instances when the price hits the support or resistance levels. This is indicated by a cross shape below (for support hit) or above (for resistance hit) the price bar. These points may be considered as potential take profit points or entry/exit points, depending on your strategy.
4. Use the indicator in conjunction with other tools and indicators to confirm signals and reduce the risk of false signals. So the assumption is you enter a trade using your other indicators but you can rely on this indicator to remind you to take profit if you are long by a red cross of the resistance line and if you are short reminds you by a green cross on the support line.
Disclaimer: This indicator should not be used as the sole determinant for any investment decision. Always conduct thorough research and consider multiple factors before trading.
TTP AbsolutnoAbsolutno is a pine script strategy for backtesting DCA bots with a different approach for placing both safety orders and take profit levels.
Motivation
Using DCA bots with safety orders most of the time is great during bull markets but in bear markets and strong downtrends it can be really challenging to close your deals only relying on safety orders placed based on percentages: price scale and volume scale.
In the past we introduced a script called "add funds simulator" that people used for sending alerts to bots to add funds and help closing deals in red.
We want to cross the use of TA with the safety orders with the intention of getting better results than statically placed safety orders.
What does Absolutno do?
Absolutno uses TA for safety orders, both for opening new safety orders and also to define how low they should be placed based on the volatility of the asset.
Main features
- ATR SO mode: Safety orders can be placed dynamically based on the general volatility of the asset plus the current volatility.
- TA based SO entries: Safety orders are only placed when the deal start condition is true not only when the price pulls back below the next safety order price level. This acts like a hybrid between "add funds simulator" and a traditional DCA bot. Once a safety order is filled, the next SO level gets active waiting for a DSC to trigger below the new entry level.
- Take profit scale: Traditional DCA bots offer a percentage or TA based exit conditions. Absolutno offers a new mode when you can decide to increase or decrease the TP level with each SO getting filled. For example a value of 1.1 TP scale will cause that each SO getting filled makes the TP% grow 10%. A value of 0.9% will reduce each SO by 10%. The lower the price goes you can "lower your expectation", or if you are filling bullish you can actually increase it.
External signal
It comes with a built-in deal start condition that uses RSI cross over 30 which is used only for illustration purposes since Absolutno is designed to be used with external signals.
Use any external signal to enter a new deal and for adding new safety orders.
You can also activate external take profit signal.
When external TP is enabled, all TP features from the bot are disabled to only react to what the external signal instructs the bot.
Bot integration and alerts
Three type of alerts will be sent to the bot: open deal, add funds and close deal.
You will need to enter your bot id and email token in the settings.
Since this strategy uses add funds: you must be aware that the alerts sent from this strategy will contain the amount of funds to add and therefore the bot receiving these alerts will respect them EVEN if the bot was defined with different SO sizes.
Please make sure you fully understand this before using this signal.
The base order alerts don't contain funds information so the bot will always use the base order size as defined in its own settings.
Seer's HutThis is a strategy based on Exponential Moving Averages or Volume Weighted Moving Averages against Adaptive fib resistance / support level and profit percentage which can be definetly defined by user and targeting small profits(profits will be raised by leverages).
In this strategy, there are predefined values which are collected one by one with statistical background and backtests. This gives an advantage to see which ratios are working better for each symbol. Also this statistics are re-evaluated monthly and if there is a need they are going to be changed with the help of libraries. Also IT IS RECOMMENDED TO USE IN DAILY INTERVAL GRAPHICS!!!!
When we deep dive to strategy, it is based on profit percentages. it is similar to the MOST system. MOST only changes the way with default value of %2. But this hardcoded strategy is not working well with each Symbol.
So this is the point where DC and ADR Statistics are involved.
For Ex. while BTC is suits well with %2, it does not do wonders for RSR or RUNE which is 4-5% for each.
There is 3 options for setting the statistical usage of this indicator.
1. Auto calculated based on 1000 days of ADR and DC
imgur.com
2. Using Library where statistical values are stored.
imgur.com
3. User-defined values used. Yeah you read it right. Fully on-demand changes are supported. Which gives freedom to users for setup their own Adaptive FIB and Profit Percentages.
imgur.com
Based on this 3 options, TP and SL points are calculated on bar closures. Strategy Orders are also shown / raised with the closures.
Ok, system calculates these values but how to read / use them. what is this strategy based on ?
This strategy is mostly looking for minimizing the LOSS in case of any stop. So because of this, in each TP, system gives order signal to close half of the remaining open position.
There are 7 type of orders
OL : Open Long (Close Short and Open Long if in position)
CL 50 : Close Long - %50 of Open Position
CL 100 : Close Long - Close all position
OS : Open Short (Close Long and Open Short if in position)
CL 50 : Close Short - %50 of Open Position
CL 100 : Close Short - Close all position
TP5 : Highest TP reached. Close all position.
Script checks cross of EMA / VWMA and adFib to decide open a position. In reversal / crosses, adFib line had been set to defined Fib. Percentage (FP) level.
For creating the TP points, Profit Percentage (PP) parameter had been used which I briefly introduce at the beginning with the options.
One important topic about this strategy, it is not stacking / pyramiding the positions. Which means, it always calculate one way position. For example we are in the long position after OL signal.
We reached TP values and take profits. Later on due to FP crossing EMA, OS order signal given. This means you have to close all long position and open short position.
But beware. These calculated points are based on given values or calculated regarding to average ADR / DC ratings. For supporting strategy, several methods also had been included in the options.
imgur.com
These are:
1. MA plotting (Optional 4 EMA, 1WMA) - checking for Golden and Death Cross
2. Bollinger Bands (Length 25 and Multiplier 2.5 set as default. Used in correlation with TEMA)
3. Kama 2 / Kama 5 - Crossing speaks of Trend way
4. TEMA (TEMA 50, VWMA 25 calculations and plotting. Used for TEMA 50 / VWMA 25 / SMA 25 cross checks for weakening or strengthening trend analysis)
5. ATR plotting
6. Chandelier Exit plotting (Widely used for calculating Stop levels in market)
7. PSAR (Widely used for indicating trend reversal)
Also for the ease of use, if the users does not want to plot any values on the graph and just want to see the values there is couple of tables also included.
1. EMA info
2. KAMA info
3. Order info
4. TP/SL info
imgur.com
Some important notes:
1. To minimize the stop just after the order opening candle in volatile grounds, system prevents to raise new order signals if there is a signal already raised in last 4 candle.
2. if system reach and give close order in one of the TP points (For Ex TP1.), then index goes down and goes up again same TP (above TP1 in scenario) after 4 candle, system gives a close order signal again in the same TP.
3. There is a Profit Factor value had been shown at Order Info table. This information shows how profitable is the setup regarding to given FP and PP values.
In general market conditions, A Profit Factor above 1.50 is considered good enough and above 2.0 it is considered ideal. A strategy with profit factor less than 1.20 suggests too bigger a risk taken for making money.
In some cases automatic ADR and DC calculations are not good enough. so if you want to find a good Profit Factor value, you can change the system automatic calculation to manual value entering and you can see the results directly with in this field.
[TTI] ATR Trailing Stop Alerts––––HISTORY & CREDITS 🏦
The Trailing Stop Alert is a TradingView indicator developed by TintinTrading, which is designed to help traders manage their positions by updating and alerting them about their trailing stop levels. This tool is a valuable addition to a trader's arsenal, as it automates the process of maintaining trailing stop levels and alerts the user when they are updated or hit.
––––WHAT IT DOES 💡
The Trailing Stop Alert indicator calculates trailing stop levels based on the Average True Range (ATR) of an asset over a specified lookback period. It takes user inputs for trail type (Long or Short), lookback period, ATR length, ATR multiplier, and bar time. The indicator can be applied to any financial instrument and will dynamically update the trailing stop level based on price action. When the trailing stop level is updated or hit, the indicator generates alerts to inform the user of these events.
––––HOW TO USE IT 🔧
1. Add the Trailing Stop Alert indicator to your TradingView chart.
2. Configure the settings according to your preferred parameters:
👉Trail Type: Choose between "Long" or "Short" based on your trading position.
👉Lookback: Set the number of bars to look back for determining the highest high or lowest low.
👉ATR Length: Set the period for calculating the Average True Range.
👉ATR Multiplier: Set the multiplier to adjust the trailing stop distance.
👉Bar Time: Set the time at which the indicator starts updating the trailing stop levels.
3. The indicator will plot the trailing stop level on the chart, and update it as the price action unfolds.
4. When the trailing stop level is updated or hit, you will receive an alert in the form of a message with the new level or a notification that the stop has been hit.
5. Adjust your stop loss orders accordingly based on the trailing stop levels provided by the indicator.
By using the Trailing Stop Alert indicator, you can effectively manage your positions and reduce the risk of giving back profits in a trade.
ATR by ChampBoyThis is a simple indicator that takes into account the volatility of candles and contains an error setting. Setting the error allows you to bring the value of the indicator closer to real data and detect the stock of the price movement or its absence in time. Just look at history.
Attention! After adding the indicator:
1. Click on the three dots next to the indicator name7
2. Select "move" and "move up" to make it appear on the bar/candle bar
3. Also go to "three points" and select "pin to scale" -> select "pin to right".
Now more about the setup:
Candle Length - length of bars/candles. I use 3 for more reliable information.
Smooth Length - smoothing. I use 2 for noise reduction.
Data - this is the data of the candle. I use candle close
Current/Last - drawing comes from opening the current one or closing the previous one. I use 0 - the opening of the current bar.
Percent High – this parameter is about excluding bars from the calculation, which exceed X times. I am using 1.8
Percent Low - similar, but with the exception of bars that are X times smaller. I am using 0.5.
Error - error setting. I use 30 to 42.
In any case, you can customize for yourself.
На русском языке:
Это простой индикатор, который учитывает волотильность свечей и содержит настройку погрешности. Настройка погрешности позволяет приблизить значение инидикатора к реальным данным и во время обнаружить запас хода цены или его отсуствие. Достаточно посмотреть на историю.
Внимание! После добавления индикатора:
1. Нажмите на три точки рядом с названием индикатора7
2. Выберите "переместить" и "переместить выше", чтобы он появился на панели баров/свечей
3. Также зайдите "в три точки" и выберите "закрепить на шкале" -> выберите "закрепить справа".
Теперь подробнее о настройке:
Candle Length - длина баров/свечей. Я использую 3 для более достоверной информации.
Smooth Length - сглаживание. Я использую 2 для убирания шума.
Data - это данные свечи. Использую закрытие свечи
Current/Last - прорисовка идет от открытия текущей или закрытия предыдущей. Я использую 0 – открытие текущего бара.
Percent High – этот параметр про исключение баров из подсчета, которые превышают в Х раз. Я использую 1.8
Percent Low - аналогично, но исключение баров, которые меньше в Х раз. Я использую 0.5.
Error - настройка погрешности. Я использую от 30 до 42.
В любом случае, вы можете настроить под себя.
Scalper's toolkit - ATR WidgetWidget specifically designed for scalping. Many settings to fit the instrument and view preferences to make it fit into your chart window how you like, even on mobile.
** I have 5 other features to add into this in the very near future, as I use this as my primary tool for Risk reward. This script will be updated in the near future as more features are coded into it. See bottom for notes on plans
Features:
Displays a quick view of the ATR value on the chart, in decimal PIPs or directly in Points - a key value for scalping using the DOM for point value settings and one click trading on fast time frames.
Automatic calculation of stop and target distance for a predetermined Risk Reward Ratio (Set with the settings panel), and then also displayed in PIPs or Points for easy use in quick trading.
Works on most all instruments/pairs/cryptos with multiple precision levels for correct values to be shown in the widget.
Fully customizable -
ATR period Base setting, just like a normal ATR indicator
Display in : PIPs or Points
ATR based stop distance, using a multiplier. 2 is the most common multiplier used, and the default setting.
Risk Reward Calculation using the Stop Loss value.
-Quickly helps with proper target and stop sizing for the volatility in the price on the current trade entry point.
-Set to any ratio you wish, from 1:0.1 all the way to 1:100 or more, unlimited R ratio settings to fit your strategy and risk tolerances.
Position anywhere on the chart window with 9 preset locations available (Pine script limitation)
Show as a column layout or a row layout
Customize the Size, with 5 preset widget sizes, from tiny to huge (Pine script limitation)
-Mobile Friendly - Tiny or Small may be too small on PC, but can be used for Mobile so the widget does not become too large over the chart.
Custom text, background, and boarder colors
Custom Boarder Size - 0 size is no boarder
Set up:
-Open the settings panel.
First section is the basic settings for the ATR - the length (Default is 14) and to use a PIP value display, or Point value display.
Here you also see a "Precision" Setting. **Because each instrument returns different precision ATR values, it is difficult to determine with code what those values will be ahead of time to do the math in the background. Even some 2 decimal instruments return 5 decimal ATR values, so this setting filters that** Just use the dropdown and choose how many decimal places the instrument has from 2 - 5 decimals
The second section is for risk and reward calculations, and can be disabled if you do not want to see these values.
The first value is the "ATR Multiplier" Typically, a 2x multiplier is used on the ATR to determine how far away to place your stop loss from the entry, placing it out of harm's way from normal market activity.
The second value is the Reward target distance, based from the stop loss size. This quickly calculates your target to match your intended reward ratio, saving some manual work to calculate this by hand every trade.
** Note: because of the math used in the code, you may see odd values on some instruments, like indexes. If you have the precision correct, try changing the "Show in Pips" to "Show in Points", as this may solve the issue.
The last two sections are purely for how the widget looks and how/where it shows on the screen. These can be set however you like. To have no boarder, just set the "Frame size" value to 0.
Additional Updates planned:
Pip value calculation (2 feature uses)
-This will serve 2 purposes. The widget will calculate the value of the trade based on the lot size. It will also have a risk limit, so if the ATR get's too high for the current risk settings, It will show red to warn you of a high risk situation before you trade.
Example, you have a set limit of 3 dollars per trade using .02 lot sizing. If the ATR get's too high, The Stop value will be more risk than you would like to use at that trade sizing. Reduce the trade size, or wait for ATR to come lower.
Purpose 2: lot size calculation, so if you wanted to maximize the use of risk available. If you wanted to risk 600 for example, it would use the ATR you have set for the risk, and determine the proper lot size for the amount of volatility in the market. This way, you Risk Exactly, or as close as possible to 600 for the the current trade conditions.
Extra use for this value: Show the Current trade amounts at risk and for gain in money values on the side of the pip/point value. Know what you're risking and also trading for in monetary value.
ATR candle Comparison- Early momentum Detection (2 feature uses)
Will show an additional section on the bottom of the widget to show how each candle compares to the one before, up to the last 5, and show if ATR went down, up, or stayed the same over the last 5 candles.
Show an additional symbol to indicate the current candle status in comparison to the close of the last candle. Real time of if the ATR is getting larger, smaller, or staying the same.
GKD-V Weis Wave [Loxx]Giga Kaleidoscope GKD-V Weis Wave is a Volatility/Volume module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
█ Giga Kaleidoscope Modularized Trading System
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is the NNFX algorithmic trading strategy?
The NNFX (No-Nonsense Forex) trading system is a comprehensive approach to Forex trading that is designed to simplify the process and remove the confusion and complexity that often surrounds trading. The system was developed by a Forex trader who goes by the pseudonym "VP" and has gained a significant following in the Forex community.
The NNFX trading system is based on a set of rules and guidelines that help traders make objective and informed decisions. These rules cover all aspects of trading, including market analysis, trade entry, stop loss placement, and trade management.
Here are the main components of the NNFX trading system:
1. Trading Philosophy: The NNFX trading system is based on the idea that successful trading requires a comprehensive understanding of the market, objective analysis, and strict risk management. The system aims to remove subjective elements from trading and focuses on objective rules and guidelines.
2. Technical Analysis: The NNFX trading system relies heavily on technical analysis and uses a range of indicators to identify high-probability trading opportunities. The system uses a combination of trend-following and mean-reverting strategies to identify trades.
3. Market Structure: The NNFX trading system emphasizes the importance of understanding the market structure, including price action, support and resistance levels, and market cycles. The system uses a range of tools to identify the market structure, including trend lines , channels, and moving averages.
4. Trade Entry: The NNFX trading system has strict rules for trade entry. The system uses a combination of technical indicators to identify high-probability trades, and traders must meet specific criteria to enter a trade.
5. Stop Loss Placement: The NNFX trading system places a significant emphasis on risk management and requires traders to place a stop loss order on every trade. The system uses a combination of technical analysis and market structure to determine the appropriate stop loss level.
6. Trade Management: The NNFX trading system has specific rules for managing open trades. The system aims to minimize risk and maximize profit by using a combination of trailing stops, take profit levels, and position sizing.
Overall, the NNFX trading system is designed to be a straightforward and easy-to-follow approach to Forex trading that can be applied by traders of all skill levels.
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility . There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility ; e.g., Average True Range , True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility / Volume - a technical indicator used to identify volatility / volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR ( Average True Range ) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility . As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double ( TRD ), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index ( RSI ), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index ( RSI ).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands , the MACD (Moving Average Convergence Divergence), and the Stochastic Oscillator. These indicators can provide information about the volatility , momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility / Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow ( CMF ), or the Volume Price Trend ( VPT ), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index . Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index ( RSI ), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR , the Average Directional Index ( ADX ), and the Chandelier Exit .
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module ( Volatility , Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility / Volume , Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility / Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility / Volume . The Volatility / Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility , and 2 backtesting styles
Baseline: Hull Moving Average
Volatility/Volume: Weis Wave as shown on the chart above
Confirmation 1: Vortex
Confirmation 2: Williams Percent Range
Continuation: Fisher Transform
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm)
Standard Entry
1. GKD-C Confirmation 1 Signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility / Volume agrees
Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility / Volume agrees
6. GKD-C Confirmation 1 signal was less than 7 candles prior
Continuation Entry
1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously
2. GKD-B Baseline hasn't crossed since entry signal trigger
3. GKD-C Confirmation Continuation Indicator signals
4. GKD-C Confirmation 1 agrees
5. GKD-B Baseline agrees
6. GKD-C Confirmation 2 agrees
1-Candle Rule Standard Entry
1. GKD-C Confirmation 1 signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
Next Candle:
1. Price retraced (Long: close < close or Short: close > close)
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility / Volume agrees
1-Candle Rule Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 1 signal was less than 7 candles prior
Next Candle:
1. Price retraced (Long: close < close or Short: close > close)
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility / Volume Agrees
PullBack Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is beyond 1.0x Volatility of Baseline
Next Candle:
1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility / Volume Agrees
█ GKD-C Weis Wave
What is Weis Wave?
The Weis Wave Indicator is a technical analysis tool used by traders to analyze market trends and identify potential turning points in financial markets. It was developed by David Weis, a trader and market analyst with over 45 years of experience.
The Weis Wave Indicator is based on the principles of market waves, which are the repetitive patterns of market behavior that occur in financial markets. These waves are characterized by price movements that occur in a series of up and down trends, and they are used by traders to identify potential market reversals or breakouts.
The Weis Wave Indicator is a histogram that represents the difference between the cumulative sum of the bullish and bearish waves. The indicator is plotted on a chart as a series of bars that change color depending on the direction of the market trend. If the market is trending up, the bars will be green, while if the market is trending down, the bars will be red.
The formula for the Weis Wave Indicator is based on the accumulation and distribution of volume over time. It uses a cumulative delta volume calculation to determine the strength of market trends and identify potential turning points. The formula is as follows:
Weis Wave Volume = Net Buying Volume - Net Selling Volume
The Weis Wave Indicator is used by traders to identify potential market trends and turning points. It is particularly useful in identifying market breakouts and reversals, as well as in detecting divergences between price and volume. The indicator is commonly used in conjunction with other technical analysis tools, such as moving averages, trend lines, and support and resistance levels, to confirm market trends and generate trading signals.
Specifically, the Weis Wave Volume Indicator is an oscillator that measures the volume of price changes. It combines both momentum and volume to indicate buying and selling pressure. The indicator is designed to show a bull market when the volume is increasing and the price is rising, and a bear market when the volume is decreasing and the price is falling ¹.
The Weis Wave Plugin creates wave charts along with their corresponding wave volume. Wave charts were first created by Richard D. Wyckoff. In his famous course on stock market technique, he instructed students to “think in waves.” Wave analysis was an integral part of his trading method. The Weis Wave is an adaptation of Wyckoff’s method that handles today’s volatile markets ².
This indicator has the option of either ATR, volume, or partial close for source input.
(1) Weis Wave Volume Indicator - Trend Following System. www.trendfollowingsystem.com Accessed 4/7/2023.
(2) Weis Wave Plugin: A Modern Adaptation of the Wyckoff Wave & Volume. weisonwyckoff.com Accessed 4/7/2023.
(3) Weis Wave Volume Indicator: Simple But Extremely Effective. howtotradeblog.com Accessed 4/7/2023.
(4) How to use the Weis Waves indicator in ATAS. atas.net Accessed 4/7/2023.
Requirements
Inputs
Chained: GKD-B Baseline
Solo: NA, no inputs
Baseline + Volatility/Volume: GKD-B Baseline
Outputs
Chained: GKD-C indicators Confirmation 1 or Solo Confirmation Complex
Solo: GKD-BT Backtest
Baseline + Volatility/Volume: GKD-BT Backtest
Additional features will be added in future releases.
Andromeda Indicator [Loxx]Andromeda Indicator is a lower timeframe, high-leverage scalping indicator tuned to Cryptocurrency futures trading. It works by scanning for volatility spikes and then calculation the likelihood that those spikes will break market structure to the upside or downside. This indicator is to be paired with Andromeda strategy found here:
This indicator contains alerts that correspond to signals from the strategy. Both indicators should be used on the chart at the same time.
Notable Settings
Volatility Type: ATR or TRD , these types will be expanded in future releases.
Signal Speed: How quickly you'd like signals to flow in
Number of Take Profits: How many take profits levels. 1-5
Show dip buying levels: If you have a high risk appetite, these are levels where you could increase your investment size, this has no effect on the indicator but is included for if you wish to manually add to your position size
Activate Longs?: Toggles on/off Longs
Activate Longs?: Toggles on/off Shorts
UI components
Big green and red plus signs means an entry point. PTF with green and red arrows means "prepare for trend flip". Not every PTF will actually flip the trend. These are just warning shots to make you aware that a possible trend flip is coming. Labels nest to market structure breaks with numbers are the ideal entry level. You can set limit orders at these levels so as to incur less exchange fees on Binance or Bybit for example. The data window provides useful information about the current trade and targets and stoploss of the next upcoming trade giving the current price action of the asset.
Other things to note
this is an extremely high risk indicator depending on how you tune the settings. You can tune down the settings to make it less risky at the cost of profit and hit rate, but that's up to you and your trading style. This can be used all all timeframes, but is meant for timeframes below 4 hours.
Grid Range Volatility BasedThis TradingView Pine script implements a grid range volatility based indicator that displays dynamic horizontal lines on the chart. The lines are calculated based on the average true range (ATR) of the security being plotted, and the range can be adjusted using an input parameter. The distance between the top and bottom lines is displayed as a percentage in a dynamic label that updates with each new bar.
The script allows the user to choose whether to use red or black lines, and also provides options to set the number of days for range calculations, and the calculation type (either ATR(1) or ATR(x)). The script is designed to work with stocks, forex, and other securities that have price data.
To use this script, simply attach it to a chart and adjust the input parameters to suit your analysis needs. The dynamic lines and percentage label will be displayed on the chart, providing a visual representation of the range volatility of the security being plotted. The values of the highest and lowest lines can also be displayed as labels on the price axis, providing additional context for the range volatility.
Volatility Spike EstimatorPlots the Average True Range (ATR), its historical mean, the upper threshold for a volatility spike, and uses background color to show the likelihood of a volatility spike based on the current ATR value.
Green background indicates an increased likelihood of a volatility spike, while red background means a spike might have already occurred or be in progress.
Update: In this version, we added a short-term ATR calculation with an adjustable input parameter, shortTermATRLength. The likelihood of a volatility spike is now estimated based on the short-term ATR instead of the original ATR. This change makes the indicator more sensitive to recent market conditions and can help detect potential volatility spikes more quickly.
