Advanced Stochastic HelperAdvanced Stochastic Helper is an Stochastic Oscillator combined with an multiple SMA source :
(Money Flow (ADMF), ASI and ADMF, Absolute Strength Index (ASI)). Blue (Bullish trend) and Red (Bearish trend) bar are the strength of the ob/os.Gray can announce a turnaround.
Also there is a MTF Trend Line based on time (1 week by default) at the bottom of the oscillator that can will help you to find historical trend too.
(line changing from blue for bullish trend and to red for bearish trend).
"Buy and Sell" alert for Stochastic available.
在腳本中搜尋"mtf"
Ruckard TradingLatinoThis strategy tries to mimic TradingLatino strategy.
The current implementation is beta.
Si hablas castellano o espanyol por favor consulta MENSAJE EN CASTELLANO más abajo.
It's aimed at BTCUSDT pair and 4h timeframe.
STRATEGY DEFAULT SETTINGS EXPLANATION
max_bars_back=5000 : This is a random number of bars so that the strategy test lasts for one or two years
calc_on_order_fills=false : To wait for the 4h closing is too much. Try to check if it's worth entering a position after closing one. I finally decided not to recheck if it's worth entering after an order is closed. So it is false.
calc_on_every_tick=false
pyramiding=0 : We only want one entry allowed in the same direction. And we don't want the order to scale by error.
initial_capital=1000 : These are 1000 USDT. By using 1% maximum loss per trade and 7% as a default stop loss by using 1000 USDT at 12000 USDT per BTC price you would entry with around 142 USDT which are converted into: 0.010 BTC . The maximum number of decimal for contracts on this BTCUSDT market is 3 decimals. E.g. the minimum might be: 0.001 BTC . So, this minimal 1000 amount ensures us not to entry with less than 0.001 entries which might have happened when using 100 USDT as an initial capital.
slippage=1 : Binance BTCUSDT mintick is: 0.01. Binance slippage: 0.1 % (Let's assume). TV has an integer slippage. It does not have a percentage based slippage. If we assume a 1000 initial capital, the recommended equity is 142 which at 11996 USDT per BTC price means: 0.011 BTC. The 0.1% slippage of: 0.011 BTC would be: 0.000011 . This is way smaller than the mintick. So our slippage is going to be 1. E.g. 1 (slippage) * 0.01 (mintick)
commission_type=strategy.commission.percent and commission_value=0.1 : According to: binance . com / en / fee / schedule in VIP 0 level both maker and taker fees are: 0.1 %.
BACKGROUND
Jaime Merino is a well known Youtuber focused on crypto trading
His channel TradingLatino
features monday to friday videos where he explains his strategy.
JAIME MERINO STANCE ON BOTS
Jaime Merino stance on bots (taken from memory out of a 2020 June video from him):
'~
You know. They can program you a bot and it might work.
But, there are some special situations that the bot would not be able to handle.
And, I, as a human, I would handle it. And the bot wouldn't do it.
~'
My long term target with this strategy script is add as many
special situations as I can to the script
so that it can match Jaime Merino behaviour even in non normal circumstances.
My alternate target is learn Pine script
and enjoy programming with it.
WARNING
This script might be bigger than other TradingView scripts.
However, please, do not be confused because the current status is beta.
This script has not been tested with real money.
This is NOT an official strategy from Jaime Merino.
This is NOT an official strategy from TradingLatino . net .
HOW IT WORKS
It basically uses ADX slope and LazyBear's Squeeze Momentum Indicator
to make its buy and sell decisions.
Fast paced EMA being bigger than slow paced EMA
(on higher timeframe) advices going long.
Fast paced EMA being smaller than slow paced EMA
(on higher timeframe) advices going short.
It finally add many substrats that TradingLatino uses.
SETTINGS
__ SETTINGS - Basics
____ SETTINGS - Basics - ADX
(ADX) Smoothing {14}
(ADX) DI Length {14}
(ADX) key level {23}
____ SETTINGS - Basics - LazyBear Squeeze Momentum
(SQZMOM) BB Length {20}
(SQZMOM) BB MultFactor {2.0}
(SQZMOM) KC Length {20}
(SQZMOM) KC MultFactor {1.5}
(SQZMOM) Use TrueRange (KC) {True}
____ SETTINGS - Basics - EMAs
(EMAS) EMA10 - Length {10}
(EMAS) EMA10 - Source {close}
(EMAS) EMA55 - Length {55}
(EMAS) EMA55 - Source {close}
____ SETTINGS - Volume Profile
Lowest and highest VPoC from last three days
is used to know if an entry has a support
VPVR of last 100 4h bars
is also taken into account
(VP) Use number of bars (not VP timeframe): Uses 'Number of bars {100}' setting instead of 'Volume Profile timeframe' setting for calculating session VPoC
(VP) Show tick difference from current price {False}: BETA . Might be useful for actions some day.
(VP) Number of bars {100}: If 'Use number of bars (not VP timeframe)' is turned on this setting is used to calculate session VPoC.
(VP) Volume Profile timeframe {1 day}: If 'Use number of bars (not VP timeframe)' is turned off this setting is used to calculate session VPoC.
(VP) Row width multiplier {0.6}: Adjust how the extra Volume Profile bars are shown in the chart.
(VP) Resistances prices number of decimal digits : Round Volume Profile bars label numbers so that they don't have so many decimals.
(VP) Number of bars for bottom VPOC {18}: 18 bars equals 3 days in suggested timeframe of 4 hours. It's used to calculate lowest session VPoC from previous three days. It's also used as a top VPOC for sells.
(VP) Ignore VPOC bottom advice on long {False}: If turned on it ignores bottom VPOC (or top VPOC on sells) when evaluating if a buy entry is worth it.
(VP) Number of bars for VPVR VPOC {100}: Number of bars to calculate the VPVR VPoC. We use 100 as Jaime once used. When the price bounces back to the EMA55 it might just bounce to this VPVR VPoC if its price it's lower than the EMA55 (Sells have inverse algorithm).
____ SETTINGS - ADX Slope
ADX Slope
help us to understand if ADX
has a positive slope, negative slope
or it is rather still.
(ADXSLOPE) ADX cut {23}: If ADX value is greater than this cut (23) then ADX has strength
(ADXSLOPE) ADX minimum steepness entry {45}: ADX slope needs to be 45 degrees to be considered as a positive one.
(ADXSLOPE) ADX minimum steepness exit {45}: ADX slope needs to be -45 degrees to be considered as a negative one.
(ADXSLOPE) ADX steepness periods {3}: In order to avoid false detection the slope is calculated along 3 periods.
____ SETTINGS - Next to EMA55
(NEXTEMA55) EMA10 to EMA55 bounce back percentage {80}: EMA10 might bounce back to EMA55 or maybe to 80% of its complete way to EMA55
(NEXTEMA55) Next to EMA55 percentage {15}: How much next to the EMA55 you need to be to consider it's going to bounce back upwards again.
____ SETTINGS - Stop Loss and Take Profit
You can set a default stop loss or a default take profit.
(STOPTAKE) Stop Loss % {7.0}
(STOPTAKE) Take Profit % {2.0}
____ SETTINGS - Trailing Take Profit
You can customize the default trailing take profit values
(TRAILING) Trailing Take Profit (%) {1.0}: Trailing take profit offset in percentage
(TRAILING) Trailing Take Profit Trigger (%) {2.0}: When 2.0% of benefit is reached then activate the trailing take profit.
____ SETTINGS - MAIN TURN ON/OFF OPTIONS
(EMAS) Ignore advice based on emas {false}.
(EMAS) Ignore advice based on emas (On closing long signal) {False}: Ignore advice based on emas but only when deciding to close a buy entry.
(SQZMOM) Ignore advice based on SQZMOM {false}: Ignores advice based on SQZMOM indicator.
(ADXSLOPE) Ignore advice based on ADX positive slope {false}
(ADXSLOPE) Ignore advice based on ADX cut (23) {true}
(STOPTAKE) Take Profit? {false}: Enables simple Take Profit.
(STOPTAKE) Stop Loss? {True}: Enables simple Stop Loss.
(TRAILING) Enable Trailing Take Profit (%) {True}: Enables Trailing Take Profit.
____ SETTINGS - Strategy mode
(STRAT) Type Strategy: 'Long and Short', 'Long Only' or 'Short Only'. Default: 'Long and Short'.
____ SETTINGS - Risk Management
(RISKM) Risk Management Type: 'Safe', 'Somewhat safe compound' or 'Unsafe compound'. ' Safe ': Calculations are always done with the initial capital (1000) in mind. The maximum losses per trade/day/week/month are taken into account. ' Somewhat safe compound ': Calculations are done with initial capital (1000) or a higher capital if it increases. The maximum losses per trade/day/week/month are taken into account. ' Unsafe compound ': In each order all the current capital is gambled and only the default stop loss per order is taken into account. That means that the maximum losses per trade/day/week/month are not taken into account. Default : 'Somewhat safe compound'.
(RISKM) Maximum loss per trade % {1.0}.
(RISKM) Maximum loss per day % {6.0}.
(RISKM) Maximum loss per week % {8.0}.
(RISKM) Maximum loss per month % {10.0}.
____ SETTINGS - Decimals
(DECIMAL) Maximum number of decimal for contracts {3}: How small (3 decimals means 0.001) an entry position might be in your exchange.
EXTRA 1 - PRICE IS IN RANGE indicator
(PRANGE) Print price is in range {False}: Enable a bottom label that indicates if the price is in range or not.
(PRANGE) Price range periods {5}: How many previous periods are used to calculate the medians
(PRANGE) Price range maximum desviation (%) {0.6} ( > 0 ): Maximum positive desviation for range detection
(PRANGE) Price range minimum desviation (%) {0.6} ( > 0 ): Mininum negative desviation for range detection
EXTRA 2 - SQUEEZE MOMENTUM Desviation indicator
(SQZDIVER) Show degrees {False}: Show degrees of each Squeeze Momentum Divergence lines to the x-axis.
(SQZDIVER) Show desviation labels {False}: Whether to show or not desviation labels for the Squeeze Momentum Divergences.
(SQZDIVER) Show desviation lines {False}: Whether to show or not desviation lines for the Squeeze Momentum Divergences.
EXTRA 3 - VOLUME PROFILE indicator
WARNING: This indicator works not on current bar but on previous bar. So in the worst case it might be VP from 4 hours ago. Don't worry, inside the strategy calculus the correct values are used. It's just that I cannot show the most recent one in the chart.
(VP) Print recent profile {False}: Show Volume Profile indicator
(VP) Avoid label price overlaps {False}: Avoid label prices to overlap on the chart.
EXTRA 4 - ZIGNALY SUPPORT
(ZIG) Zignaly Alert Type {Email}: 'Email', 'Webhook'. ' Email ': Prepare alert_message variable content to be compatible with zignaly expected email content format. ' Webhook ': Prepare alert_message variable content to be compatible with zignaly expected json content format.
EXTRA 5 - DEBUG
(DEBUG) Enable debug on order comments {False}: If set to true it prepares the order message to match the alert_message variable. It makes easier to debug what would have been sent by email or webhook on each of the times an order is triggered.
HOW TO USE THIS STRATEGY
BOT MODE: This is the default setting.
PROPER VOLUME PROFILE VIEWING: Click on this strategy settings. Properties tab. Make sure Recalculate 'each time the order was run' is turned off.
NEWBIE USER: (Check PROPER VOLUME PROFILE VIEWING above!) You might want to turn on the 'Print recent profile {False}' setting. Alternatively you can use my alternate realtime study: 'Resistances and supports based on simplified Volume Profile' but, be aware, it might consume one indicator.
ADVANCED USER 1: Turn on the 'Print price is in range {False}' setting and help us to debug this subindicator. Also help us to figure out how to include this value in the strategy.
ADVANCED USER 2: Turn on the all the (SQZDIVER) settings and help us to figure out how to include this value in the strategy.
ADVANCED USER 3: (Check PROPER VOLUME PROFILE VIEWING above!) Turn on the 'Print recent profile {False}' setting and report any problem with it.
JAIME MERINO: Just use the indicator as it comes by default. It should only show BUY signals, SELL signals and their associated closing signals. From time to time you might want to check 'ADVANCED USER 2' instructions to check that there's actually a divergence. Check also 'ADVANCED USER 1' instructions for your amusement.
EXTRA ADVICE
It's advised that you use this strategy in addition to these two other indicators:
* Squeeze Momentum Indicator
* ADX
so that your chart matches as close as possible to TradingLatino chart.
ZIGNALY INTEGRATION
This strategy supports Zignaly email integration by default. It also supports Zignaly Webhook integration.
ZIGNALY INTEGRATION - Email integration example
What you would write in your alert message:
||{{strategy.order.alert_message}}||key=MYSECRETKEY||
ZIGNALY INTEGRATION - Webhook integration example
What you would write in your alert message:
{ {{strategy.order.alert_message}} , "key" : "MYSECRETKEY" }
CREDITS
I have reused and adapted some code from
'Directional Movement Index + ADX & Keylevel Support' study
which it's from TradingView console user.
I have reused and adapted some code from
'3ema' study
which it's from TradingView hunganhnguyen1193 user.
I have reused and adapted some code from
'Squeeze Momentum Indicator ' study
which it's from TradingView LazyBear user.
I have reused and adapted some code from
'Strategy Tester EMA-SMA-RSI-MACD' study
which it's from TradingView fikira user.
I have reused and adapted some code from
'Support Resistance MTF' study
which it's from TradingView LonesomeTheBlue user.
I have reused and adapted some code from
'TF Segmented Linear Regression' study
which it's from TradingView alexgrover user.
I have reused and adapted some code from
"Poor man's volume profile" study
which it's from TradingView IldarAkhmetgaleev user.
FEEDBACK
Please check the strategy source code for more detailed information
where, among others, I explain all of the substrats
and if they are implemented or not.
Q1. Did I understand wrong any of the Jaime substrats (which I have implemented)?
Q2. The strategy yields quite profit when we should long (EMA10 from 1d timeframe is higher than EMA55 from 1d timeframe.
Why the strategy yields much less profit when we should short (EMA10 from 1d timeframe is lower than EMA55 from 1d timeframe)?
Any idea if you need to do something else rather than just reverse what Jaime does when longing?
FREQUENTLY ASKED QUESTIONS
FAQ1. Why are you giving this strategy for free?
TradingLatino and his fellow enthusiasts taught me this strategy. Now I'm giving back to them.
FAQ2. Seriously! Why are you giving this strategy for free?
I'm confident his strategy might be improved a lot. By keeping it to myself I would avoid other people contributions to improve it.
Now that everyone can contribute this is a win-win.
FAQ3. How can I connect this strategy to my Exchange account?
It seems that you can attach alerts to strategies.
You might want to combine it with a paying account which enable Webhook URLs to work.
I don't know how all of this works right now so I cannot give you advice on it.
You will have to do your own research on this subject. But, be careful. Automating trades, if not done properly,
might end on you automating losses.
FAQ4. I have just found that this strategy by default gives more than 3.97% of 'maximum series of losses'. That's unacceptable according to my risk management policy.
You might want to reduce default stop loss setting from 7% to something like 5% till you are ok with the 'maximum series of losses'.
FAQ5. Where can I learn more about your work on this strategy?
Check the source code. You might find unused strategies. Either because there's not a substantial increases on earnings. Or maybe because they have not been implemented yet.
FAQ6. How much leverage is applied in this strategy?
No leverage.
FAQ7. Any difference with original Jaime Merino strategy?
Most of the times Jaime defines an stop loss at the price entry. That's not the case here. The default stop loss is 7% (but, don't be confused it only means losing 1% of your investment thanks to risk management). There's also a trailing take profit that triggers at 2% profit with a 1% trailing.
FAQ8. Why this strategy return is so small?
The strategy should be improved a lot. And, well, backtesting in this platform is not guaranteed to return theoric results comparable to real-life returns. That's why I'm personally forward testing this strategy to verify it.
MENSAJE EN CASTELLANO
En primer lugar se agradece feedback para mejorar la estrategia.
Si eres un usuario avanzado y quieres colaborar en mejorar el script no dudes en comentar abajo.
Ten en cuenta que aunque toda esta descripción tenga que estar en inglés no es obligatorio que el comentario esté en inglés.
CHISTE - CASTELLANO
¡Pero Jaime!
¡400.000!
¡Tu da mun!
Momentum 4 Ways Smoothed MTF [Salty]This script improves on the existing Momentum 4 Ways Smoothed indicator by showing the smoothed values for Week (labeled W), Day (labeled D), and Hour (labeled H) along with the detailed values for the currently selected time frame. This allows the user to compare the momentum in the current time with other time frames easily. For example, one can see the detailed momentum lines on the 15 minute time frame while also seeing the smoothed value for the Week, Day, and Hour lines to know when the lower value time frame is in sync with the higher time frames.
Supertrend MTF [SystemAlpha]This is Supertrend Multi-time Frame script.
There is an option for Higher Tİme Frame Period. if you choose "Auto" then Higher Time Frame calculation would be made by script.
Or you can choose "User Defined" and then you must choose the period for Higher Time Frame.
Historic VPoCs and pseudo VPVRThis study tries to recreate session based historic VPoCs
and VPVR Volume Profile
as they are used by
TradingLatino TradingView user.
It's aimed at BTCUSDT pair and 4h timeframe.
HOW IT WORKS
HOW IT WORKS - VPVR Profile Block
It gathers volume from the last chosen Bars
in order to draw the vpvr profile block
Volume that intersects with current level range
being studied is added to its value.
Additionally the current level price is modified
so that it matches the level price where most
of the volume has concentrated
So you get a pretty accurate price for drawn volume
while at the same time the levels are not stuck
to arbitrary level prices.
HOW IT WORKS - VPoC
It calculates a Volume Profile for the
given historic session but then
it only outputs that Volume Profile VPoC.
SETTINGS
Show VPVR Volume Profile {True}.
Show Historic VPoC lines {True}.
Show Historic VPoC labels {True}.
Extend Historic VPoC lines {True}: If this option is turned off the VPoC lines are only shown during the session duration.
Show tick difference from current price {False}: BETA. Feedback is needed because I'm not sure how it should work this setting.
VPVR Number of bars {100}: Define the Visible Range in number of bars so that its Volume Profile can be shown.
VPVR Profile width (in bars) {15}: VPVR Profile can be make larger or smaller in width thanks to this option.
VPVR Profile offset (in bars) {15}: VPVR Profile can be shown more to the left or to the right if the defaults do not suit you.
Historic Session Volume Profile timeframe {1D}: Historic VPoC use 1 day as their timeframe reference by default.
Number of decimal digits {2}: How many decimal digits are shown in label prices.
Number of previous sessions to print VPoC {5}: How many previous sessions VPoCs are to be printed. The maximum for this setting is 20.
Historic VPoC lines width (in pixels) {2}.
Historic VPoC labels size {small}.
History VPoC line offset (in bars) {5}: How far to the right VPoCs lines are to be extended. Note: This setting does not apply when 'Extend Historic VPoC lines' is set to 'False'.
WARNING
Please be aware that VPoC from the first previous session might not be accurate due to Pine Script limitations.
VPVR USAGE
This is not a VPVR like the official TradingView indicator.
This is a pseudo VPVR and that means it needs some manual input from you.
But, don't worry it's quite easy to do and if you always use the same number
of bars to calculate your VPVR then you might even just set it up once.
In order to show the VPVR (or Volume Profile on the Visible Range):
Rescale your chart so that you see all the bars for your Visible Range.
Click on the ruler tool.
Click on the last bar (far to the right) shown on the screen
Drag the ruler to first bar (far to the left) shown on the screen
Check what the ruler says
E.g. it says: 101 bars
Open this study settings
Modify: 'VPVR Number of bars ' setting
So that its value matches your measured number of bars (101)
Press OK to confirm and wait for the indicator to refresh.
STRATEGY USAGE
If your strategy uses VPoC
to define your resistances
or supports
you can check the VPoCs shown here.
FEEDBACK
I have only used this identifier in BTCUSDT 4h timeframe.
I'm interested to know what needs to be tweaked
in other securities and timeframes.
PINE STUDY TRICK
This study let's you choose the number of decimals the label will use.
CREDITS
I have reused and adapted some code from
'Poor man's volume profile' study
which it's from TradingView IldarAkhmetgaleev user.
I also wanted to thank him for helping me understanding his study.
I have reused some code from
'MTF Selection Framework - PineCoders FAQ' study
which it's from TradingView PineCoders user.
Super Indicator v1this is just combo of super indicator which is avreage of many indicators
and vrsi levels
you can find them both in my script page
lime is up, red is down
buy and sell signal are shown with alerts
you can move by candle time which is no security MTF
Efficient Support & Resistance LevelsThis script is a mixture of my two previous scripts "True Strong Classical Support/Resistance Levels" and "Hidden Supports & Resistances + Round Levels". This combination brings on better identification of the most efficient support/resistance levels.
Note that "Hidden SnR Levels" part of the code is only expected to work on Forex charts, but apart from that, the other parts could be applied to any chart.
The script may:
- Draw classical support/resistance levels which retraced the price previously, aided by multi-timeframe analysis
- Draw hidden support/resistance levels based on psychological patterns of the price
- Adjust to wicks better than Pine Script built-in pivot functions
- Differ the levels color based on chart reactions
- Merge nearby classical levels to avoid congestion on the chart
Feel free to use it and send me your thoughts.
InariN BasicInariN is original work by N jijii.
I think InariN is modern interpretation of Ichimoku Cloud.
Please read script "InariN simple" for basic usage.
Multi time flame candles in this script is great work Candlestick Plot MTF by mortdiggiddy.
Supplementary explanation :
N jijii decided basic numbers as Ichimoku.
"I" first swing is 9. Only first swing is 9 because all numbers is consisted of nine numbers except start point 0 (his philosophy).
The second and subsequent is 8 because tangent point of previous swing is not counted (his philosophy).
"V" second swing is 9 + 8 = 17. "N" third swing is 9 + 8 + 8 = 25.
"N N = N2" is 25 +24 = 49. "N4" is 97. "N9"is 217.
He used basic numbers for parameters.
I think his idea is unique but the important point is this basic numbers are about popular numbers traders usually use and we can use as the same.
N2 and N9 spans is slightly difficult to use (Ichimoku lagging span).
Basically N span is used to measure Time Retracement and momentum.
If you want to practice Time Retracement , please check script "Ichimoku Time Retracement".
Enjoy!!
Zox-OscillatorThis oscillator tool is good for many stuff, forex ,stocks ,etc
the color are prouduce by the difference from the signal line (in blue) and 0
strong buy are green , lime weak buy
red=strong sell,orange =weak sell
above zero is buy zone ,bellow zero is bear zone
The candle time determine the MTF function (also HTF but to little extent) and the length you can use if you want to see longer or shorter cycles
few examples
etc etc
Low Scanner strategy cryptoThis is the last script of the Low scanner series
I have shown in script 1 the best strategy for stocks on 1 hour
script for forex 1 hour (if you look on comments you will find settings which are perfect for low TF (1 min system )
This strategy is the perfect weapen for crypto
no repaint as I shown the scanner do not use security
this system will buy and sell about every 1000 min in the end you will getyour profit which is progressive
set to 1,2,3, and 5 % where each time you take 25% of equaty out
as I shown before the power of the progresive take and my scanner make it best
the scnner serach for low point using my special RSI system with no repaint MTF
every time we get our profit out
the scanner will find us new low to start cycle again
so invite me for coffe if you like this system
thanks to TV that allow donation:)
so this is example of smart strategy that beat the odds
try on major crypto assets (it nice system )
without the script of adolgov
this system was not possible so I would like to thank him very much that he share with us his great script
Low Scanner Forex strategyThis strategy is non repainting as the scanner do not use security for its entry and the Hull MTF is non repainted one.
it design for forex only
why it working as such ?
simple once we have good detection of Low using Low scanner and Low scaner strategy
which is a killer for stoks as I shown in that script
here i show winning non repainting strategy for Forex
why it working perfect?
if the Low entry is good. the market go up or down but eventualy by using step wise profit take out
as shown by adolgov
then you will win most of time .
This is example how I use my script with adolgov script to create this strategy
it not pyramiding as in pyramiding we buy and buy and buy. here the entry is fix but exit is progressive,0.5% -1% 1.5% ,2% at 25% equaty each.
the market go up or down we just take ourt profit out.
so if you use leverage in forex the win % will be crazy. but you must to apply this only to asstes where this strategy is working like EURO/USD
the dat here is from 2017 t0 2018 ,if you want the last data which show the same put in test year 2019 as start
This script is for forex lovers as teaching how to create winning non repainting strategy
if you want to invite to coffe be free to do so
let me know what you think
COT Net Non-Commercials vs Commercials (Updated MTF Non-Repaint)Hello there,
With this script, you can see CFTC COT Non Commercial and Commercial Positions together.
This way, you can analyze net values greater than 0 and smaller, as well as very dense and very shallow positions of producers and speculators.
Green - Non Commercials - Speculators
Red - Commercials - Producers
This script is multi time-frame and non-repaint script.
Data pulled through Quandl.
And the latest version codes have been used.
As time goes by, I will try to make useful modifications to this scheme.
Regards.
SIMPLE MOVING AVG 10,20,50,100,200 with RESOLUTIONThis indicator is the best than all other sma indicators.Because in just one click you can change all the resolution /time frames for all the sma .
Multitime frame analysis can be done in just one click. just change the resolution to
15 min/30 min/1hr- if you intraday trader
1D- LONG TERM INVESTORS.
Multi-timeframe analysis (MTF) is a process in which traders can view the same ticker/indicator using a higher time frame than the chart’s, for example, displaying a daily moving average on a one-hour chart in just two clicks.
How to Use this to Buy Stocks ?
The technical indicator known as the Death cross occurs when the 50-day SMA crosses below the 200-day SMA => Bearish Signal.
An opposite indicator, known as the Golden cross, occurs when the 50-day SMA crosses above the 200-day SMA => Bullish Signal.
Crossovers are one of the main moving average strategies.
1st Strategy is the first type is a price crossover, which is when the price crosses above the sma => Buy signal
when the price crosses below the sma => Sell signal
2nd Strategy is to apply two moving averages to a chart: one longer and one shorter.
When the shorter-term MA (100) crosses above the longer-term MA (200), it's a buy signal, indicates trend is shifting up.
This is known as a "Golden cross."
Meanwhile, when the shorter-term MA (100) crosses below the longer-term MA (200), it's a sell signal, indicates trend is shifting down.
This is known as a "Dead/death cross."
The time frame or length you choose for a moving average, also called the "look back period," can play a big role in how effective it is.
An MA with a short time frame will react much quicker to price changes than an MA with a long look back period. In the figure below, the 20-day moving average more closely tracks the actual price than the 100-day moving average does.
A 20-day MA = more beneficial to a shorter-term trader, since it follows the price more closely.
A 100-day MA = more beneficial to a longer-term trader.
Moving averages work quite well in strong trending conditions but poorly in choppy or ranging conditions.
use this indicator along with Price action theory and not alone.
Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance
Happy Trading
MultiTimeFrame Shifting Predictive Bollinger BandsThis is the optimized version of my MTFSBB indicator with capability of possible bands prediction in case of negative shifting (to the left).
Make me happy by using it and sending me your ideas about the prediction.
Probability: Bull/Bear Dominance | Ratio | Bar CountIntro
What's the probability of the next bar being red? How about green? Well, there are many ways to quantify the probability but I am presenting just one stupidly simple (but generally accurate) way to measure it.
Strangely... no one has done this before that I can find. I try to check if someone else has done it first (Pro Tip: Plz do this. We honestly don't need the 5 trillionth "MTF MAs" script.)
Indicator
Its a basic counting script, but the nice thing about this script is you choose the time range. It starts counting from a specified point of your choosing. It counts up the bull bars and bear bars separately.
Bull Bar = Close > Open
Bear Bar = Open > Close
You can look at them in sum or as a ratio of Green Bars : Red Bars
I know, it's almost too simple. But, here's some interesting food for thought from a layman to fellow laymen.
Analysis/Edge
Between the time of candle open and candle close, the price can do one of three things, close higher, close lower, or close equal to.
'Equal to' is rare on higher timeframes in liquid markets and it provides no useful information. Thus, we'll nix it for purposes of this conversation.
So boil it down. The next candle is going to be a red candle or a green candle.
It is popular to refer to the general probability of most candles as 50/50, with trader's mission in life being to seek an edge that tilts the probabilities slightly in their favor.
The truth is the odds are probably never actually 50/50, but knowing the precisely correct probability is unknowable, just like the accuracy of a weather forecast is inherently unknowable. What we're trying to do as traders is develop systems that give us predictive probabilistic outcomes that correspond with future realities based on various ways of measuring the market (most often heavily dependent on the past).
The reality is that the market can be measured in many, many different ways. The important thing is that you measure it in a way that is accurate, relevant, and universally applicable.
So look at this indicator here:
You start from a point in time on a chosen timeframe and you put red bars in the red column, green in the green column, and count them all up.
Then you make a ratio, in this case, Green : Red.
What the ratio shows you is the percentage of green bars compared to red bars . At the time of this screenshot, the 4h on the SPX starting from the 2020 bottom is showing a ratio of 1.2.
This means there have been 20% more green bars than there have been red bars.
Now there are 1,000 directions you can take this discussion. What is the overall volatility picture, the size of the red bars vs the green bars, what happens if you miss out on the 5 biggest green bars... so many more variables that you would need to take into account to develop a true edge from this idea. But, the bottom line fact (which is what I like about this) is that we can take this data and say with a certain level of confidence that on the SPX you have a 20% better shot at making money (otherwise stated there's a 60/40 chance) if you open a LONG trade at the beginning of a 4h candle than if you open a short.
That's useful information. One could argue that it's not a complete strategy in and of itself (although I bet it could be with a couple of additional parameters). But I can tell you, based on the 4h candles in the 2020 rally if you open a short, the deck is stacked against you from this perspective. And we can actually somewhat demonstrate this to be true for our dataset because we can look at the price history and see who likely made more money. The SPX is up 1000pts off the bottom. So, thus far, for this dataset, it rings true; Bulls have been doing way better in the latter part of 2020 than the bears.
Conclusion
Predictive systems with a small number of variables tend to be more robust than a system with many variables when applied to a complex system. I may keep updating this script if people like it and determine aspects like population vs sample size, confidence intervals, volatility, and exclusion of outliers. For now, this is just an opening foray into the basic idea of how we can establish an edge in the markets. It really can be this simple.
Thanks for Reading.
Inverse Fisher Transform of SMI and sto. RSI, MTF confirmedThe system uses 1 hour and 15 min timeframe data. Signals coming from 15 min Inverse Fisher Transform of SMI and stochastic RSI are confirmed by 1 hour Inverse Fisher Transform SMI, according to the following rules:
long cond.: 15 min IFTSMI crosses ABOVE -0.5 or SRSI k-line crosses ABOVE 50 while 1-hour IFTSMI is already ABOVE -0.5
short cond.:15 min IFTSMI crosses BELOW 0.5 or SRSI k-line crosses BELOW 50 while 1-hour IFTSMI is already BELOW 0.5
SMI and Inverse Fisher Transform of SMI codes belong to @kivancozbilgic.
Ichimoku ++ public v0.9Description:
The intention of this script is to build/provide a kind of work station / work bench for analysing markets and especially Bitcoin . Another goal is to get maximum market information while maintaining a good chart overview. A chart overloaded with indicators is useless because it obscures the view of the chart as the most important indicator. The chart should be clear and market structure should be easy to see. In addition, some indicator signals can be activated to better assess the quality of signals from the past. The chart environment or the chart context is important for the quality of a signal.
The intention of this script is not to teach someone how to trade or how to use these Indicators but to provide a tool to analyse markets better and to help to draw conclusions of market behaviour in a higher quality.
A general advise:
Use the included indicators and signals in a confluent way to get stoploss, buy and sell entry points. SR clusters can be identified for use in conjunction with fractals as entry and exit pints. My other scripts can also help. Prefer 4 hours, daily and a longer time frame. There is no "Holy Grail" :).
If someone is new to trading you should learn about the indicators first. Definitely learn about Ichimoku Cloud Indicator.
Integrated indicators are:
Ichimoku Cloud and signals
Parabolic SAR and signal
ATR stop
Bollinger Bands
EMA / SMA and background color as signal
Williams Fractals and signal
Puell Multiple signal
Support Resistance MTFHello Traders,
This is Support Resistance script that uses Multi Time Frame. While getting Close/Open/High/Low values of Higher Time Frames the script does NOT use Security function , instead it calculates them.
while choosing Higher Time Frame, you can use "Auto" option so it uses predefined Higher Time Frames, or you can choose the Higher Time Frame Manually from the list. options for HTF => 15mins, 30mins, 60mins, 120mins, 180mins, 240mins, 720mins, Day, Week, 2 Weeks, Months, 3 Months, 6 Months, 12 Months.
You have option to use High/Low or Close/Open values while calculating support resistance levels.
"Period for Highest/Lowest Bars" option is used as loopback period to check if it's Highest/lowest bars. smaller numbers = more sensitive result.
You have option for transparency and coloring of support/resistance levels/zone => Red, Lime, Blue, White, Black, Olive, Gray
An example for 15 min chart, 4hours selected as HTF
You can set transparency and colors as you wish:
You can choose Close/Open prices while calculating S/R levels instead of High/Low
Enjoy!
Daily/MTF Moving Averages (EMA20, EMA55, SMA50, SMA100, SMA200)Script to plot common daily/alternative timeframe moving averages on when viewing securities at other resolutions.
There's lots of different MA scripts out there, but I couldn't find one that just represented the standard support/resistance indicators that were typical for my markets. So, this is the DIY. :)
SMA/EMA SR mtf Clusters v0.9SMA and EMA endings to identify support and resistance with a good chart overview.
Unfortunately the scaling of TradingView in intraday charts is not good.
MultiTimeFrame Shifting Bollinger BandsJust 3 Bollinger Bands with different adjustable timeframes plus shifting (left/right) capability and non-integer deviation values.
I wrote this because I couldn't find the perfect BB indicator that matches my needs. Feel free to use it.
length time trendSo this is simple way to make trend by function of length that is based on min time (in this case 1440)
so i take the close'open' high and low and convert them by this function
then similar to how we build MTF candles I just make this one
you can change the tf to anything you like/ no repaint here as no security
i hope you like it
red is bearish
lime is bullish
Multi-Timeframe Pivot PointsThis is a MTF pivot point indicator. I was unhappy with the standard pivot point indicator in Trading View as I wanted to be aware of how price was interacting with pivot points on a higher timeframe. For example, if I'm on the 1H time frame looking at daily pivots, I want to be sure that my trading plan to move between these pivots does not contradict what price is trying to do in relation to the weekly pivots. In addition, sometimes daily and weekly pivots will align increasing probability of a bounce
Ultimately its about trying to automate as much as possible to quickly have an awareness of what might be happening on the timeframe above without having to manual enter levels.
I concluded I don't like the results of this script - whilst i clearly see price interacting with pivots on the current timeframe and higher timeframes there is too much screen clutter on the screen for me.
Rather than delete the script I thought I'd make it available for other people to use. I hope its useful to people. Good luck
(For the record it actually takes a little thinking outside the box to make so many pivots display - you can't just plot hlines. If your a pinescript geek you might like the code)
