Fractal Breakout Strategy This strategy will enter into a Long position when (a) bullish fractal is formed, combined with (b) ATR is relatively low. Trailing stop loss is set based on ATR. Bullish fractal pattern : A bullish fractal pattern looks like this: It is formed when lower-low has reached a local minimum followed by higher-lows. By default, this...
Simple way how to use RSI and MA indicators for trading. What we use: • RSI • SMA calculated by RSI (title: SMA_RSI) • Delta of RSI and SMA_RSI (title: delta) • SMA calculated by delta of RSI and SMA & RSI (title: SMA_RSI2) Logic: Upon the fact that we use the difference between two indicators that have similar values ( RSI and SMA_RSI), we get number...
This strategy is inspired by a youtuber called Joel on Crypto. He trades this using Ema, MACD indicators and his own experience. For more information, check out his Best Crypto Scalping Strategy for the 5 Min Time Frame video. I have tried to automate this a little. Long or Short trades are determined with a crossing of the fast Ema over the slow Ema for Long and...
Backtesting indicators is easy , just add the following line of code to your script: plot(longEntry ? 1 : shortEntry ? -1 : longTP ? 0.5 : shortTP ? -0.5 : 0, color=na, editable=false, title='Backtest') These numbers are defined as constants in the backtester source-code. After adding this indicator to your chart: 1. Open Settings 2. Select supported...
I simulated the NLTTa_EoRfA indicator with the Bitcoin-USD For details about the indicator, visit my profile on tradingview For Simulation, with default settings, we order When on Long setup and price on green area - open a long position that closes on red area When on Short setup and price on red area - open a short position that closes on green area And we...
This is a simple strategy that uses Bollinger Bands %B represented as a histogram combined with Candle Beltholds and Inside candles for entry signals, and combines this with "buy" and "sell" zones of the %B indicator, to buy and sell based on the zones you set. How to use: Long when in the green zone and an inside candle (which is highlighted in white) or a...
This is a modified version of this excellent script Monthly Returns in PineScript Strategues by QuantNomad I liked and used the script but wanted to see how strategy performed vs market on each month/year. So I am sharing back. The modification consists in adding Market or Buy & Hold performance between parenthesis inside each cell to better see how strategy...
As the title already describes: this is a Donchian breakout strategy. This strategy, as of now, only goes long. It goes long when the price close makes a new high and the 8 day moving average is above the 32 day moving average. The strategy exits the trade if the price breaks the atr trailing stop of * 3 or the 8 day moving average crosses below the 32 day moving...
Simple and efficient multi moving average strategy combined with risk management and time condition. Indicators/ Tools used Multi selection moving average type like SMA , EMA , SMMA , VWMA , VIDYA , FRAMA , T3 and much more Limit 1 entry max per week, entry on monday exit on sunday or risk management tp/sl. Rules for entry: LONG:Close of the candle cross above...
This is a strategy designed for swing trading on markets such as crypto and stocks. Its components are: VWAP Time Management Risk management Rules for entry: We entry only on Monday, if our close of the candle crossed above VWAP Rules for exit We exit always on Sunday or if we either hit the TP/SL levels. If you have any questions let me know
~~~All Credit to LAZY BEAR for posting the original Script which is an old MT4 indicator.~~~~ No this system does not repaint... if it does let me know. Either the code is wrong or you are using a repainting chart such as renko candles. *PURPOSE* This Is an "Enhanced or Smoothed" version of the script that captures the heiken-ashi closing price as its main...
This is a Trend Following Strategy. The intent of this strategy is to catchthe price as it trends higher than the 20-period EMA and sell immediately after the price closes below it. I have implemented calculations from Stochastic to make sure the price is coming from an oversold area. There is also a check to see if the 20-period EMA is trending higher than before.
When asked what the key to successful investing was, Warren Buffet famously said “buy low, sell high.” Was he onto something? Today I am sharing with the community a simple “buy low, sell high” strategy with an optional trend filter and take-profit target. I’ve found that this strategy works well in a variety of markets but has a higher tendency to out-perform buy...
This Script was wrote to backtest, in its current form it appears to be unprofitable
This strategy combines the best of both indicators (Supertrend & RSI). As we know, Supertrend is excellent at finding changes in the market trend and thus finding the best entries, however in my opinion it has a great weakness and it is that it does not know how to find the best exit point. For this reason I decided to combine it with the RSI that we know...
Design ideas for the first edition: Only go long, not short, choose a time period when the general trend is up. The default grid size is 1x ATR, the next one, two, and three grids will take orders, and the fifth grid will stop loss. When the empty position reaches the upper grid, the grid as a whole rises. Chinese...
Markets don’t always trade in a clear direction. At a closer look, most of the time, they move sideways. Relying on trend-following strategies all the time can thus lead to repeated false signals in such conditions. However, before you can safely trade sideways, you have to identify the most suitable market conditions. The main features of such strategies...
This is an update by request, on someone elses strategy! well more of an edit, but also update from pine v4 to pine v5. //CREDITS to HPotter for the orginal code. The guy trying to sell this as his own is a scammer lol. //Edited and converted to @version=5 by SeaSide420 for Paperina The UT Bot v5 is Movinging average (the MA) vs ATR (the ATR is in the form...