TearRepresentative's Rule-Based Dip Buying Strategy Rule-Based Dip Buying Strategy Indicator
This TradingView indicator, inspired by TearRepresentative [ , is a refined tool designed to assist traders in implementing a rule-based dip buying strategy. The indicator automates the identification of optimal buy and sell points, helping traders stay disciplined and minimize emotional biases. It is tailored to index trading, specifically leveraged ETFs like SPXL, to capture opportunities in market pullbacks and recoveries.
Key Features
Dynamic Buy Levels:
Tracks the local high over a customizable lookback period and calculates three buy levels based on percentage drops from the high:
Buy Level 1: First entry point (e.g., 15% drop).
Buy Level 2: Second entry point (e.g., additional 10% drop).
Buy Level 3: Third entry point (e.g., additional 7% drop).
Average Price Tracking:
Dynamically calculates the average price for entered positions when multiple buy levels are triggered.
Sell Level:
Computes a take-profit level (e.g., 20% above the average price) to automate profit-taking when the market rebounds.
Signal Visualization:
Buy Signals: Displayed as green triangles at each buy level.
Sell Signals: Displayed as red triangles at the sell level.
Alerts:
Configurable alerts notify traders when buy or sell signals are triggered, ensuring no opportunity is missed.
Visual Aids:
Semi-transparent and dynamic lines represent buy and sell levels for clear visualization.
Labels provide additional clarity for active levels, helping traders quickly identify actionable signals.
How It Works
The indicator analyzes market movements to identify dips based on predefined thresholds.
Buy signals are triggered when the market price reaches specified levels below the local high.
Once a position is taken, the indicator dynamically adjusts the average entry price and calculates the corresponding sell level.
A sell signal is generated when the market price rises above the calculated take-profit level.
Why Use This Indicator?
Discipline: Automates decision-making, removing emotional factors from trading.
Clarity: Provides clear entry and exit points to simplify complex market dynamics.
Versatility: Suitable for all market conditions, especially during pullbacks and rebounds.
Customization: Allows traders to tailor parameters to their preferred trading style and risk tolerance.
Acknowledgment
This indicator is based on the strategy and insights provided by TearRepresentative, whose expertise in rule-based trading has inspired countless traders. TearRepresentative's approach emphasizes simplicity, reliability, and consistency, offering a robust framework for long-term success.
Educational
IU open equal to high/low strategyIU open equal to high/low strategy:
The "IU Open Equal to High/Low Strategy" is designed to identify and trade specific market conditions where the day's first price action shows a strong directional bias. This strategy automatically enters trades based on the relationship between the market's open price and its first high or low of the day.
Entry Conditions:
1. Long Entry: A long position is initiated when the first open price of the session equals the day's first low. This signals a potential upward move.
2. Short Entry: A short position is initiated when the first open price of the session equals the day's first high. This signals a potential downward move.
Exit Conditions:
1. Stop Loss (SL): For both long and short trades, the stop loss is calculated based on the low or high of the candle where the position was entered.
2. Take Profit (TP): The take profit is set using a Risk-to-Reward (RTR) ratio, which is customizable by the user. The TP is calculated relative to the entry price and the distance between the entry and the stop loss.
Additional Features:
- Plots are used to visualize the entry price, stop loss, and take profit levels directly on the chart, providing clear and actionable insights.
- Labels are displayed to indicate the occurrence of the "Open == Low" or "Open == High" conditions for easier identification of potential trade setups.
- A dynamic fill highlights the areas between the entry price and the stop loss or take profit, offering a clear visual representation of the trade's risk and reward zones.
This strategy is designed for traders looking to capitalize on directional momentum at the start of the trading session. It is customizable, allowing users to set their desired Risk-to-Reward ratio and tailor the strategy to fit their trading style.
Sniper Leverage Calculator - SYMBOLWhen building a leverage position using the laddering method, this calculator will allow you to easily determine the required Leverage increase and margin reduction/re-addition to achieve the desired new average entry price.
VIX Spike StrategyThis script implements a trading strategy based on the Volatility Index (VIX) and its standard deviation. It aims to enter a long position when the VIX exceeds a certain number of standard deviations above its moving average, which is a signal of a volatility spike. The position is then exited after a set number of periods.
VIX Symbol (vix_symbol): The input allows the user to specify the symbol for the VIX index (typically "CBOE:VIX").
Standard Deviation Length (stddev_length): The number of periods used to calculate the standard deviation of the VIX. This can be adjusted by the user.
Standard Deviation Multiplier (stddev_multiple): This multiplier is used to determine how many standard deviations above the moving average the VIX must exceed to trigger a long entry.
Exit Periods (exit_periods): The user specifies how many periods after entering the position the strategy will exit the trade.
Strategy Logic:
Data Loading: The script loads the VIX data, both for the current timeframe and as a rescaled version for calculation purposes.
Standard Deviation Calculation: It calculates both the moving average (SMA) and the standard deviation of the VIX over the specified period (stddev_length).
Entry Condition: A long position is entered when the VIX exceeds the moving average by a specified multiple of its standard deviation (calculated as vix_mean + stddev_multiple * vix_stddev).
Exit Condition: After the position is entered, it will be closed after the user-defined number of periods (exit_periods).
Visualization:
The VIX is plotted in blue.
The moving average of the VIX is plotted in orange.
The threshold for the VIX, which is the moving average plus the standard deviation multiplier, is plotted in red.
The background turns green when the entry condition is met, providing a visual cue.
Sources:
The VIX is often used as a measure of market volatility, with high values indicating increased uncertainty in the market.
Standard deviation is a statistical measure of the variability or dispersion of a set of data points. In financial markets, it is used to measure the volatility of asset prices.
References:
Bollerslev, T. (1986). "Generalized Autoregressive Conditional Heteroskedasticity." Journal of Econometrics.
Black, F., & Scholes, M. (1973). "The Pricing of Options and Corporate Liabilities." Journal of Political Economy.
Merry ChristmasThis indicator creates a dynamic table of holiday greetings in 40 languages, taking advantage of Pine Script v6's new variable text size feature. The messages appear with randomized colors, sizes, and positions, refreshing with each bar update to create an ever-changing festive display. Includes traditional Christmas, Hanukkah, and New Year wishes across cultures. To fellow Pine developers who continue to push the boundaries of what's possible with Pine Script - thank you and happy holidays.
Ji Long Short OpenThis Pine Script indicator provides multiple moving averages, including Simple Moving Averages (SMA), Volume-Weighted Moving Averages (VWMA), and Volume-Weighted Average Price (VWAP). It helps traders analyze trends, support, and resistance levels effectively. Fully customizable, it suits various strategies by offering dynamic visualizations and enhanced insights for TradingView users.
Supertrend (Close Longs Only)Strategy Description: Supertrend (Close Longs Only)
This strategy uses the Supertrend indicator to manage long positions in the market. The Supertrend is calculated based on the Average True Range (ATR) and a user-defined multiplier (factor) to determine trend direction.
Purpose: The strategy focuses solely on exiting long trades when the trend changes to a downtrend, without taking any short positions.
How It Works:
Uptrend Detection: When the Supertrend is green, it indicates an uptrend suitable for long trades.
Downtrend Detection: When the Supertrend switches to red, it signals the end of the uptrend. At this point, an alert is triggered to close long positions.
Key Features:
Highly configurable with adjustable ATR length and multiplier for sensitivity.
Alerts are designed to notify the user when to exit long positions, ensuring timely actions.
This strategy is ideal for traders who prefer a conservative approach, focusing on managing long entries without engaging in short trades.
Sniper Leverage Calculator - SYMBOLWhen building a leverage position using the laddering method, this calculator will allow you to easily determine the required Leverage increase and margin reduction/re-addition to achieve the desired new average entry price.
EMA Crossover Strategy by QuantdexQuantdex EMA Crossover Strategy
The Quantdex EMA Crossover Strategy is a powerful trend-following system designed to identify high-probability trading opportunities. It utilizes three exponential moving averages (EMAs) to capture market momentum, confirm trends, and provide precise entry and exit points.
Key Components:
Short-Term EMA:
Reacts quickly to price movements, signaling potential trade entries based on momentum shifts.
Medium-Term EMA:
Filters out short-term market noise and helps validate intermediate trends.
Long-Term EMA:
Represents the overall market direction, serving as a critical trend filter and support/resistance indicator.
Strategy Rules:
Bullish Entry:
When the short-term EMA crosses above the medium-term EMA, and both are aligned above the long-term EMA.
Confirms strong upward momentum in a long-term uptrend.
Bearish Entry:
When the short-term EMA crosses below the medium-term EMA, and both are aligned below the long-term EMA.
Confirms strong downward momentum in a long-term downtrend.
Exit Rules:
Exit long positions when the short-term EMA crosses back below the medium-term EMA.
Exit short positions when the short-term EMA crosses back above the medium-term EMA.
Advantages:
Effectively identifies the dominant market trend using a multi-timeframe approach.
Minimizes false signals by requiring confirmation from all EMAs.
Adaptable for swing traders and position traders across various markets.
The Quantdex EMA Crossover Strategy combines simplicity with accuracy, making it a reliable tool for consistent and disciplined trading.
Sessions [Plug&Play]Sessions displays the London, New York, and Asia trading sessions directly on your chart. Includes customisable session times, shaded areas, labels, and the option to toggle outlines—helping you focus on market activity with ease.
SL (Daily ATR/3 from Yesterday)n den 1950er und 1960er Jahren kam es zwischen den USA und der Sowjetunion zum sogenannten Wettlauf ins All.
Der erste von Menschen konstruierte Raumflugkörper auf dem Mond war die sowjetische Sonde Lunik 2, die am 13. September 1959 gezielt auf dem Mond aufschlug. Der US-amerikanische Flugkörper Ranger 4 stürzte nach einem Kontaktabbruch am 26. April 1962 auf der Rückseite des Mondes ab. Die Raumsonden Ranger 7, 8 und 9 konnten 1964 und 1965 vor ihrem Aufschlag (planmäßig harte Landungen) jeweils Tausende von Bildern zur Erde übertragen. Am 3. Februar 1966 landete die sowjetische Luna 9 als erster Flugkörper weich auf dem Mond, und mit Surveyor 1 am 2. Juni 1966 auch erstmals eine US-amerikanische Sonde.
Die erste bemannte Flugmission zum Mond (ohne Landung auf dem Trabanten) war Apollo 8 im Dezember 1968. Frank Borman, William Anders und James („Jim“) Lovell umkreisten den Mond 10 Mal und waren die ersten Menschen, die mit eigenen Augen die Rückseite des Mondes sahen. Am 21. Juli 1969 um 3:56 Uhr MEZ betraten im Zuge der Mission Apollo 11 die ersten Menschen den Mond, Neil Armstrong und Buzz Aldrin. In den folgenden drei Jahren fanden fünf weitere bemannte Mondlandungen des Apollo-Programms statt.
Vermutlich versuchte die Sowjetunion, noch vor Apollo 11 Mondgestein zur Erde zu bringen. Dies gelang allerdings erst mit der am 20. September 1970 gelandeten Sonde Luna 16. Das geplante sowjetische bemannte Mondprogramm wurde nicht verwirklicht.
Als dritter Nation gelang der Volksrepublik China eine weiche Mondlandung; die chinesische Sonde Chang’e-3 setzte am 14. Dezember 2013 auf dem Mond auf. Am 3. Januar 2019 landete mit Chang'e-4 erstmals eine Sonde weich auf der Mondrückseite. Mit Chang’e 5 brachte die Volksrepublik China im Dezember 2020 auch als drittes Land Bodenproben vom Mond auf die Erde.
Der jeweils erste Landeversuch der indischen Raumfahrtbehörde ISRO und eines israelischen Privatprojekts schlug fehl, die beiden Sonden Chandrayaan-2 und Beresheet zerschellten im Jahr 2019 auf der Mondoberfläche. Im zweiten Versuch war Indien dann erfolgreich, Chandrayaan-3 landete am 23. August 2023 weich im südlichen Bereich der Mondvorderseite. Als fünftem Land gelang Japan am 19. Januar 2024 eine Mondlandung mit dem Smart Lander for Investigating Moon (SLIM).
Trend Volume with Buy/Sell SignalsYou can customize the emaLength and volMultiplier to suit your trading style.
Supertrend (Close Longs Only)Strategy Description: Supertrend (Close Longs Only)
This strategy uses the Supertrend indicator to manage long positions in the market. The Supertrend is calculated based on the Average True Range (ATR) and a user-defined multiplier (factor) to determine trend direction.
Purpose: The strategy focuses solely on exiting long trades when the trend changes to a downtrend, without taking any short positions.
How It Works:
Uptrend Detection: When the Supertrend is green, it indicates an uptrend suitable for long trades.
Downtrend Detection: When the Supertrend switches to red, it signals the end of the uptrend. At this point, an alert is triggered to close long positions.
Key Features:
Highly configurable with adjustable ATR length and multiplier for sensitivity.
Alerts are designed to notify the user when to exit long positions, ensuring timely actions.
This strategy is ideal for traders who prefer a conservative approach, focusing on managing long entries without engaging in short trades.
Lara - K线包含关系合并 v0.1 Based on Chan Theory (缠论), this script simplifies candlestick charts (K線) by merging two overlapping candlesticks. The logic dynamically combines candlesticks into single entity. If two overlapping candlesticks form an upward relationship compared to the previous candlestick, the higher high and higher low are taken. Conversely, if they form a downward relationship, the lower high and lower low are taken.
Brazil Real Interest RateEste script foi criado para calcular e exibir a Taxa de Juros Real, permitindo compreender o impacto da inflação sobre os juros nominais do mercado. Ele utiliza dois indicadores principais: a taxa de juros nominal, que reflete os juros antes de considerar a inflação, e a taxa de inflação anual, que mede o aumento dos preços em um ano.
O script funciona da seguinte forma: ele obtém diariamente os dados da taxa de juros nominal (representada pelo contrato futuro DI1) e da inflação anual (indicada pelo BRIRYY). Esses valores são processados para calcular a taxa de juros real, utilizando a fórmula de Fisher, que ajusta os juros nominais ao descontar o efeito da inflação. O resultado é uma medida mais precisa do retorno ou custo real, considerando o poder de compra.
Depois de realizar o cálculo, o script exibe a Taxa de Juros Real diretamente no gráfico, representada por uma linha verde. Isso permite acompanhar, de forma clara e visual, como a inflação e os juros afetam o cenário econômico ao longo do tempo.
This script was created to calculate and display the Real Interest Rate, allowing us to understand the impact of inflation on nominal market interest rates. It uses two main indicators: the nominal interest rate, which reflects interest rates before considering inflation, and the annual inflation rate, which measures the increase in prices over a year.
The script works as follows: it obtains daily data on the nominal interest rate (represented by the DI1 futures contract) and annual inflation (indicated by BRIRYY). These values are processed to calculate the real interest rate, using the Fisher formula, which adjusts nominal interest rates by discounting the effect of inflation. The result is a more accurate measure of real return or cost, considering purchasing power.
After performing the calculation, the script displays the Real Interest Rate directly on the graph, represented by a green line. This allows you to monitor, clearly and visually, how inflation and interest rates affect the economic scenario over time.
FT SessionsFreedom Trading Sessions (FTS)
Overview
The Freedom Trading Sessions (FTS) is a versatile and highly customizable session-based indicator designed for intraday traders who rely on tracking global market sessions. This script highlights the Asia, Frankfurt, London, and New York (AM & PM) trading sessions on the chart, allowing users to visualize session ranges and identify key price movements.
Key Features:
Customizable Sessions:
Asia (23:00 - 07:00 UTC)
Frankfurt (07:00 - 08:00 UTC)
London (08:00 - 12:00 UTC)
New York AM (13:00 - 16:00 UTC)
New York PM (17:00 - 23:00 UTC)
Traders can enable or disable any session individually.
Session Range Visualization:
Displays the high and low ranges of each session using customizable colors.
Option to enable range labels for each session.
Outlines and transparent background ranges provide clear visibility.
Timezone Flexibility:
Supports customization of UTC offsets.
Option to use the exchange’s timezone for automatic adjustment.
User-Friendly Customization:
Transparent range areas with adjustable visibility.
Optional range outlines and session labels for clarity.
Compact settings make it easy to adjust the script to your preference.
How It Works:
Each trading session is defined by its start and end times.
When enabled, the indicator tracks the price action during the session and marks the session’s range (high and low) on the chart.
The session ranges are updated in real-time, helping traders monitor key support and resistance levels within each session.
How to Use:
Add the Freedom Trading Indicator to your chart.
Adjust the session times, colors, and visibility in the settings panel.
Monitor the session ranges to identify price breakouts, consolidations, or reversals.
Practical Application:
Intraday Trading: Use session ranges to plan trades around major market open and close times.
Breakout Strategies: Identify price breakouts above or below session highs/lows.
Session-Specific Patterns: Spot trading opportunities by observing price behavior within specific global sessions.
Important Notes:
This indicator works best on the 4H timeframe to align with session tracking. If applied to other timeframes, a message will notify users.
Traders can combine this indicator with other tools like volume, price action, or trend-following indicators for a complete trading system.
Credits:
This script was developed from scratch with inspiration from session tracking methods widely used by traders. Any use of similar concepts is purely coincidental and implemented uniquely in this script.
By focusing on session analysis, the Freedom Trading Sessions equips traders with a powerful tool to align their trades with global market activity.
Disclaimer: This script is for educational and informational purposes only. Always test indicators in a demo environment before using them in live markets.
ASCII ARTASCII ART - Simple ASCII Art Display Indicator
A minimalist indicator that displays ASCII art on your TradingView charts. This tool allows you to add creative visual elements to your charts through ASCII art text.
Key Features
Input ASCII art through a text area
Choose from 9 display positions (top-left, top-center, top-right, middle-left, middle-center, middle-right, bottom-left, bottom-center, bottom-right)
Customize font size
Set font color
How to Use
Add the indicator to your chart
Input your ASCII art in the text area
Configure position, font size, and color
View your art on the chart
Settings
Text Area: Input field for ASCII art
Table position: Select display location
Font size: Set text size (0 for auto-adjust)
Font color: Choose text color
This script is created for educational purposes and does not provide trading signals. It is purely designed for displaying ASCII art on your charts to enhance visual customization.
WOLF_WEIGHTAGEThe WOLF_WEIGHTAGE indicator is a powerful tool designed for traders to monitor and analyze the performance of key stocks in the Indian market. This indicator provides real-time insights by displaying the Last Traded Price (LTP), percentage change, and buy/sell signals based on the Supertrend strategy.
