Scalper's Volatility Filter [QuantraSystems]Scalpers Volatility Filter
Introduction
The 𝒮𝒸𝒶𝓁𝓅𝑒𝓇'𝓈 𝒱𝑜𝓁𝒶𝓉𝒾𝓁𝒾𝓉𝓎 𝐹𝒾𝓁𝓉𝑒𝓇 (𝒮𝒱𝐹) is a sophisticated technical indicator, designed to increase the profitability of lower timeframe trading.
Due to the inherent decrease in the signal-to-noise ratio when trading on lower timeframes, it is critical to develop analysis methods to inform traders of the optimal market periods to trade - and more importantly, when you shouldn’t trade.
The 𝒮𝒱𝐹 uses a blend of volatility and momentum measurements, to signal the dominant market condition - trending or ranging.
Legend
The 𝒮𝒱𝐹 consists of a signal line that moves above and below a central zero line, serving as the indication of market regime.
When the signal line is positioned above zero, it indicates a period of elevated volatility. These periods are more profitable for trading, as an asset will experience larger price swings, and by design, trend-following indicators will give less false signals.
Conversely, when the signal line moves below zero, a low volatility or mean-reverting market regime dominates.
This distinction is critical for traders in order to align strategies with the prevailing market behaviors - leveraging trends in volatile markets and exercising caution or implementing mean-reversion systems in periods of lower volatility.
Case Study
Here we can see the indicator's unique edge in action.
Out of the four potential long entries seen on the chart - displayed via bar coloring, two would result in losses.
However, with the power of the 𝒮𝒱𝐹 a trader can effectively filter false signals by only entering momentum-trades when the signal line is above zero.
In this small sample of four trades, the 𝒮𝒱𝐹 increased the win rate from 50% to 100%
Methodology
The methodology behind the 𝒮𝒱𝐹 is based upon three components:
By calculating and contrasting two ATR’s, the immediate market momentum relative to the broader, established trend is calculated. The original method for this can be credited to the user @xinolia
A modified and smoothed ADX indicator is calculated to further assess the strength and sustainability of trends.
The ‘Linear Regression Dispersion’ measures price deviations from a fitted regression line, adding further confluence to the signals representation of market conditions.
Together, these components synthesize a robust, balanced view of market conditions, enabling traders to help align strategies with the prevailing market environment, in order to potentially increase expected value and win rates.
在腳本中搜尋"profit"
Session Sweeps [LuxAlgo]The Session Sweeps indicator combines ICT-based features for a complete trading methodology involving market sessions, market structure, and fair value gaps to find optimal entry conditions for trading price action.
Traders frequently tend to place stop/limit orders at the high and low points of major trading sessions such as Asian (Tokyo), European (London), and North American (New York), resulting in the establishment of liquidity pools at those particular levels. The Session Sweeps indicator is crafted to recognize and underscore occurrences of session sweeps or liquidity sweeps during these major trading sessions.
🔶 USAGE
Default settings utilize major forex trading sessions, yet users can select their preferred opening and closing times, rename the sessions, or adjust the colors. It's important to note that the specified times for each session align with the respective local timezones: Asian (Tokyo) UTC+9, European (London) UTC, and North American (New York) UTC-5.
If the price briefly crosses either the highest or lowest point of a market session. These movements, aiming at triggering stop losses, suggest potential shifts in the market direction. Detecting such movements is the fundamental purpose and core functionality of the script.
🔹Market Structure Shifts
A Market Structure Shift refers to a change in market direction, either from an uptrend to a downtrend or vice versa. A part of a common entry model when using session sweeps is waiting for the formation of a CHoCH after a session sweep.
🔹Fair Value Gaps
A Fair Value Gap (FVG) holds particular appeal for price action traders, emerging when there are inefficiencies or imbalances in the market, often a result of uneven buying and selling activity. The underlying concept of FVGs is that the market tends to revisit these inefficiencies before resuming its trajectory in alignment with the initial impulsive move.
After the formation of a CHoCH traders can enter a position when the price enters the area of a Fair Value Gap (FVG).
🔹Setup Examples
This entry setup is commonly used by ICT traders and is shared for informational & educational purposes only.
Long Positions (5-Minute Timeframe):
Wait for the previous session's low to be swept.
Look for a Bullish Choch.
Find a Bullish FVG formed by or before the Choch.
Entry Point: At the FVG.
Take Profit (TP): At the session high or aim for a 1:2 Risk-Reward Ratio.
Stop Loss (SL): At the session low or nearest Swing Low.
Take partial profits at intermediate swings, but don’t shift SL prematurely.
Short Positions (5-Minute Timeframe):
Wait for the previous session's high to be swept.
Look for a Bearish Choch.
Find a FVG formed by or before the Choch.
Entry Point: At the FVG.
Take Profit (TP): At the previous session's low or aim for a 1:2 RR.
Stop Loss (SL): At the session high or nearest Swing High.
Take partial profits at intermediate swings, but don’t shift SL prematurely.
🔶 SETTINGS
🔹Session Sweeps
Buyside Sweep Zones, Color, and Margin: toggles the visibility of bullside sweep zones, customizes the associated color, and sets the margin value defining the range of a bullside sweep zone.
Sellside Sweep Zones, Color, and Margin: toggles the visibility of sell-side sweep zones, customizes the associated color, and sets the margin value defining the range of a sell-side sweep zone.
Sweep Margin Length: specifies the maximum allowed length of a sweep zone invalidation, the length over which the price slightly invalidated the margin range.
Detect Sweeps Once per Session: if enabled will detect only once a sweep zone within a session.
Hide Fake Sweep Zones, and Color: controls the visibility and color of the fake sweep zones.
🔹Sessions
Session (Asia, London, New York AM, and New York PM), Start Time, and End Time: enables or disables the visibility of the named market session range, and customization of the session hours.
Color: color customization option of the named session.
Extend Max/Min: extends the highest and lowest price levels of the named session until the end of the next enabled session. This option is recommended to be enabled when sweep zone detection is activated to observe the relationship between the sweep zone and previous session extreme levels.
Extend Mid: extends the mean price levels of the named session until the end of the next enabled session. The extended line may serve as potential support and resistance levels.
Fill: enables/disables background coloring of the named session.
New York DST | London DST: enabling this option initiates Daylight Saving Time (DST) for New York or London. Note: Daylight Saving Time is not applied to the Asian (Tokyo) session.
Sessions Extreme Lines | Sessions Names: toggles the visibility of the highest and lowest price levels, as well as the names, for all market sessions.
Session Lines Width: sets the width of the lines for all sessions.
Session Fill Transparency: sets the background color transparency of the range for all sessions.
🔹Market Structure Shifts
Market Structure Shifts: toggles the visibility of market structure shifts, also known as change of character (CHoCH).
Detection Length: specifies the detection length.
Market Structure Shifts; Bull & Bear: color customization options.
🔹Fair Value Gaps
Fair Value Gaps: toggles the visibility of the fair value gaps.
Fair Value Gap Width Filter: specifies the filtering multiplier; additional details can be found in the tooltip of the respective input option.
Bullish & Bearish Imbalance: color customization options.
🔹Sessions Tabular View
Sessions Tabular View: toggles the visibility of the tabular view of the sessions, displaying date &time, status, and countdown counter.
Hide if not Forex Market Instrument: checks the market and automatically enables/disables the option based on the market instrument.
Table Text Size & Position: size and placement customization options
🔶 LIMITATIONS
Please be aware that fair value gap filtering cannot be applied to the initial 144 candles (with a fixed-length ATR) as the ATR value necessary for filtering won't be available during this period.
🔶 RELATED SCRIPTS
Buyside-Sellside-Liquidity
Sessions
Liquidity-Voids-FVG
Thank you to our community for the recommendation of this script. To explore additional conceptual scripts and related content, we invite you to visit >>> LuxAlgo-Scripts .
[imba]lance algo🟩 INTRODUCTION
Hello, everyone!
Please take the time to review this description and source code to utilize this script to its fullest potential.
🟩 CONCEPTS
This is a trend indicator. The trend is the 0.5 fibonacci level for a certain period of time.
A trend change occurs when at least one candle closes above the level of 0.236 (for long) or below 0.786 (for short). Also it has massive amout of settings and features more about this below.
With good settings, the indicator works great on any market and any time frame!
A distinctive feature of this indicator is its backtest panel. With which you can dynamically view the results of setting up a strategy such as profit, what the deposit size is, etc.
Please note that the profit is indicated as a percentage of the initial deposit. It is also worth considering that all profit calculations are based on the risk % setting.
🟩 FEATURES
First, I want to show you what you see on the chart. And I’ll show you everything closer and in more detail.
1. Position
2. Statistic panel
3. Backtest panel
Indicator settings:
Let's go in order:
1. Strategies
This setting is responsible for loading saved strategies. There are only two preset settings, MANUAL and UNIVERSAL. If you choose any strategy other than MANUAL, then changing the settings for take profits, stop loss, sensitivity will not bring any results.
You can also save your customized strategies, this is discussed in a separate paragraph “🟩HOW TO SAVE A STRATEGY”
2. Sensitive
Responsible for the time period in bars to create Fibonacci levels
3. Start calculating date
This is the time to start backtesting strategies
4. Position group
Show checkbox - is responsible for displaying positions
Fill checkbox - is responsible for filling positions with background
Risk % - is responsible for what percentage of the deposit you are willing to lose if there is a stop loss
BE target - here you can choose when you reach which take profit you need to move your stop loss to breakeven
Initial deposit- starting deposit for profit calculation
5. Stoploss group
Fixed stoploss % checkbox - If choosed: stoploss will be calculated manually depending on the setting below( formula: entry_price * (1 - stoploss percent)) If NOT choosed: stoploss will be ( formula: fibonacci level(0.786/0.236) * (1 + stoploss percent))
6. Take profit group
This group of settings is responsible for how far from the entry point take profits will be and what % of the position to fix
7. RSI
Responsible for configuring the built-in RSI. Suitable bars will be highlighted with crosses above or below, depending on overbought/oversold
8. Infopanels group
Here I think everything is clear, you can hide or show information panels
9. Developer mode
If enabled, all events that occur will be shown, for example, reaching a take profit or stop loss with detailed information about the unfixed balance of the position
🟩 HOW TO USE
Very simple. All you need is to wait for the trend to change to long or short, you will immediately see a stop loss and four take profits, and you will also see prices. Like in this picture:
🟩 ALERTS
There are 3 types of alerts:
1. Long signal
2. Short signal
3. Any alert() function call - will be send to you json with these fields
{
"side": "LONG",
"entry": "64.454",
"tp1": "65.099",
"tp2": "65.743",
"tp3": "66.388",
"tp4": "67.032",
"winrate": "35.42%",
"strategy": "MANUAL",
"beTargetTrigger": "1",
"stop": "64.44"
}
🟩 HOW TO SAVE A STRATEGY
First, you need to make sure that the “MANUAL” strategy is selected in the strategy settings.
After this, you can start selecting parameters that will show the largest profit in the statistics panel.
I have highlighted what you need to pay attention to when choosing a strategy
Let's assume you have set up a strategy. The main question is how to preserve it?
Let’s say the strategy turned out with the following parameters:
Next we need to find this section of code:
// STRATS
selector(string strategy_name) =>
strategy_settings = Strategy_settings.new()
switch strategy_name
"MANUAL" =>
strategy_settings.sensitivity := 18
strategy_settings.risk_percent := 1
strategy_settings.break_even_target := "1"
strategy_settings.tp1_percent := 1
strategy_settings.tp1_percent_fix := 40
strategy_settings.tp2_percent := 2
strategy_settings.tp2_percent_fix := 30
strategy_settings.tp3_percent := 3
strategy_settings.tp3_percent_fix := 20
strategy_settings.tp4_percent := 4
strategy_settings.tp4_percent_fix := 10
strategy_settings.fixed_stop := false
strategy_settings.sl_percent := 0.0
"UNIVERSAL" =>
strategy_settings.sensitivity := 20
strategy_settings.risk_percent := 1
strategy_settings.break_even_target := "1"
strategy_settings.tp1_percent := 1
strategy_settings.tp1_percent_fix := 40
strategy_settings.tp2_percent := 2
strategy_settings.tp2_percent_fix := 30
strategy_settings.tp3_percent := 3
strategy_settings.tp3_percent_fix := 20
strategy_settings.tp4_percent := 4
strategy_settings.tp4_percent_fix := 10
strategy_settings.fixed_stop := false
strategy_settings.sl_percent := 0.0
// "NEW STRATEGY" =>
// strategy_settings.sensitivity := 20
// strategy_settings.risk_percent := 1
// strategy_settings.break_even_target := "1"
// strategy_settings.tp1_percent := 1
// strategy_settings.tp1_percent_fix := 40
// strategy_settings.tp2_percent := 2
// strategy_settings.tp2_percent_fix := 30
// strategy_settings.tp3_percent := 3
// strategy_settings.tp3_percent_fix := 20
// strategy_settings.tp4_percent := 4
// strategy_settings.tp4_percent_fix := 10
// strategy_settings.fixed_stop := false
// strategy_settings.sl_percent := 0.0
strategy_settings
// STRATS
Let's uncomment on the latest strategy called "NEW STRATEGY" rename it to "SOL 5m" and change the sensitivity:
// STRATS
selector(string strategy_name) =>
strategy_settings = Strategy_settings.new()
switch strategy_name
"MANUAL" =>
strategy_settings.sensitivity := 18
strategy_settings.risk_percent := 1
strategy_settings.break_even_target := "1"
strategy_settings.tp1_percent := 1
strategy_settings.tp1_percent_fix := 40
strategy_settings.tp2_percent := 2
strategy_settings.tp2_percent_fix := 30
strategy_settings.tp3_percent := 3
strategy_settings.tp3_percent_fix := 20
strategy_settings.tp4_percent := 4
strategy_settings.tp4_percent_fix := 10
strategy_settings.fixed_stop := false
strategy_settings.sl_percent := 0.0
"UNIVERSAL" =>
strategy_settings.sensitivity := 20
strategy_settings.risk_percent := 1
strategy_settings.break_even_target := "1"
strategy_settings.tp1_percent := 1
strategy_settings.tp1_percent_fix := 40
strategy_settings.tp2_percent := 2
strategy_settings.tp2_percent_fix := 30
strategy_settings.tp3_percent := 3
strategy_settings.tp3_percent_fix := 20
strategy_settings.tp4_percent := 4
strategy_settings.tp4_percent_fix := 10
strategy_settings.fixed_stop := false
strategy_settings.sl_percent := 0.0
"SOL 5m" =>
strategy_settings.sensitivity := 15
strategy_settings.risk_percent := 1
strategy_settings.break_even_target := "1"
strategy_settings.tp1_percent := 1
strategy_settings.tp1_percent_fix := 40
strategy_settings.tp2_percent := 2
strategy_settings.tp2_percent_fix := 30
strategy_settings.tp3_percent := 3
strategy_settings.tp3_percent_fix := 20
strategy_settings.tp4_percent := 4
strategy_settings.tp4_percent_fix := 10
strategy_settings.fixed_stop := false
strategy_settings.sl_percent := 0.0
strategy_settings
// STRATS
Now let's find this code:
strategy_input = input.string(title = "STRATEGY", options = , defval = "MANUAL", tooltip = "EN:\nTo manually configure the strategy, select MANUAL otherwise, changing the settings won't have any effect\nRU:\nЧтобы настроить стратегию вручную, выберите MANUAL в противном случае изменение настроек не будет иметь никакого эффекта")
And let's add our new strategy there, it turned out like this:
strategy_input = input.string(title = "STRATEGY", options = , defval = "MANUAL", tooltip = "EN:\nTo manually configure the strategy, select MANUAL otherwise, changing the settings won't have any effect\nRU:\nЧтобы настроить стратегию вручную, выберите MANUAL в противном случае изменение настроек не будет иметь никакого эффекта")
That's all. Our new strategy is now saved! It's simple! Now we can select it in the list of strategies:
Logical Trading Indicator V.1Features of the Logical Trading Indicator V.1
ATR-Based Trailing Stop Loss
The Logical Trading Indicator V.1 utilizes the Average True Range (ATR) to implement a dynamic trailing stop loss. You can customize the sensitivity of your alerts by adjusting the ATR Multiple and ATR Period settings.
Higher ATR Multiple values create wider stops, while lower values result in tighter stops. This feature ensures that your trades are protected against adverse price movements. For best practice, use higher values on higher timeframes and lower values on lower term timeframes.
Bollinger Bands
The Logical Trading Indicator V.1 includes Bollinger Bands, which can be customized to use either a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) as the basis.
You can adjust the length and standard deviation multiplier of the Bollinger Bands to fine-tune your strategy. The color of the basis line changes to green when price is above and red when price is below the line to represent the trend.
The bands show a range vs a single band that also represents when the price is in overbought and oversold ranges similar to an RSI. These bands also control the take profit signals.
You also have the ability to change the band colors as well as toggle them off, which only affects the view, they are still active which will still fire the take profit signals.
Momentum Indicator
Our indicator offers a momentum filter option that highlights market momentum directly on the candlesticks, identifying periods of bullish, bearish, or consolidation phases. You can enable or disable this filter as needed, providing valuable insights into market conditions.
By default, you will see the candlestick colors represent the momentum direction as green or red, and consolidation periods as white, but the filter on the BUY and SELL signals is not active. The view options and filter can be toggled on and off in the settings.
Buy and Sell Signals
The Logical Trading Indicator V.1 generates buy and sell signals based on a combination of ATR-based filtering, Bollinger Band basis crossover, and optional momentum conditions if selected in the settings. These signals help you make informed decisions about when to enter or exit a trade. You can also enable a consolidation filter to stay out of trades during tight ranges.
Basically a BUY signal fires when the price closes above the basis line, and the price meets or exceeds the ATR multiple from the previous candle length, which is also editable in the settings.
If the momentum filter is engaged, it will not fire BUY signals when in consolidation periods. It works just the opposite for SELL signals.
Take Profit Signals
We've integrated a Take Profit feature that helps you identify points to exit your trades with profits. The indicator marks Long Take Profit when prices close below the upper zone line of the Bollinger Bands after the previous candle closes inside the band, suggesting an optimal point to exit a long trade or consider a short position.
Conversely, Short Take Profit signals appear when prices close above the lower zone after the previous candle closes inside of it, indicating the right time to exit a short trade or contemplate a long position.
Alerts for Informed Trading
The Logical Trading Indicator V.1 comes equipped with alert conditions for buy signals, sell signals, take profit points, and more. Receive real-time notifications to your preferred devices or platforms to stay updated on market movements and trading opportunities.
buy/sell signals with Support/Resistance (InvestYourAsset) 📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price.
📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's price.
📣 The indicator also plots support and resistance levels, which can be used to confirm buy and sell signals. The support and resistance can also be used as a stoploss for existing position.
👉 To use the indicator, simply add it to your trading chart. The indicator will plot three sections:
📈 Price and Signals: This section plots the security's price and the MACD buy and sell signals.
📈 MACD Oscillator: This section plots the MACD oscillator, which is a histogram that shows the difference between the two moving averages.
📈 Moving Averages: This section plots the two moving averages that the MACD oscillator is based on.
📈 Support and Resistance: This section plots support and resistance levels, which are calculated based on the security's recent price action.
👉 To identify buy and sell signals, you can look for the following:
📈 Buy signal: When shorter Moving Average crosses over longer Moving Average.
📈 Sell signal: When shorter moving average crosses under longer moving average.
📈 You can also look for divergences between the MACD oscillator and the security's price. A divergence occurs when the MACD oscillator is moving in one direction, but the security's price is moving in the opposite direction. Divergences can be a sign of a potential trend reversal.
👉 To confirm buy and sell signals, you can look for support and resistance levels take a look at below snapshot. If a buy signal occurs at a support level, it is a stronger signal than if it occurs at a random price level. Similarly, if a sell signal occurs at a resistance level, it is a stronger signal than if it occurs at a random price level.
⚡ Here is a example of how to use the indicator to identify buy signal:
☑ Add the indicator to your trading chart.
☑Look for a buy signal when short MA crosses over Long MA.
☑Look for the buy signal to occur at a support level.
☑Enter a long position at the next candle.
☑Place a stop loss order below the support level.
☑Take profit when the MACD line crosses below the signal line, or when the security reaches a resistance level.
⚡ Here is an example of how to use the indicator to identify a sell signal:
☑Add the indicator to your trading chart.
☑Look for a sell signal, when shorter moving average crosses under longer moving average.
☑Look for the sell signal to occur at a resistance level.
☑Enter a short position at the next candle.
☑Place a stop loss order above the resistance level.
☑Take profit when the MACD line crosses above the signal line, or when the security reaches a support level.
✅Things to consider while using the indicator:
📈Look for buy signals in an uptrend and sell signals in a downtrend. This will increase the likelihood of your trades being successful.
📈Place your stop losses below the previous swing low or support for buy signals and above the previous swing high or resistance for sell signals. This will help to limit your losses if the trade goes against you.
📈Consider taking profits at key resistance and support levels. This will help you to lock in your profits and avoid giving them back to the market.
Follow us for timely updates regarding indicators that we may publish in future and give it a like if you appreciate the indicator.
EUR/USD 45 MIN Strategy - FinexBOTThis strategy uses three indicators:
RSI (Relative Strength Index) - It indicates if a stock is potentially overbought or oversold.
CCI (Commodity Channel Index) - It measures the current price level relative to an average price level over a certain period of time.
Williams %R - It is a momentum indicator that shows whether a stock is at the high or low end of its trading range.
Long (Buy) Trades Open:
When all three indicators suggest that the stock is oversold (RSI is below 25, CCI is below -130, and Williams %R is below -85), the strategy will open a buy position, assuming there is no current open trade.
Short (Sell) Trades Open:
When all three indicators suggest the stock is overbought (RSI is above 75, CCI is above 130, and Williams %R is above -15), the strategy will open a sell position, assuming there is no current open trade.
SL (Stop Loss) and TP (Take Profit):
SL (Stop Loss) is 0.45%.
TP (Take Profit) is 1.2%.
The strategy automatically sets these exit points as a percentage of the entry price for both long and short positions to manage risks and secure profits. You can easily adopt these inputs according to your strategy. However, default settings are recommended.
Backtest Strategy Optimizer AdapterBacktest Strategy Optimizer Adapter
With this library, you will be able to run one or multiple backtests with different variables (combinations). For example, you can run 100 backtests of Supertrend at once with an increment factor of 0.1. This way, you can easily fetch the most profitable settings and apply them to your strategy.
To get a better understanding of the code, you can check the code below.
Single backtest results
= backtest.results(date_start, date_end, long_entry, long_exit, take_profit_percentage, stop_loss_percentage, atr_length, initial_capital, order_size, commission)
Add backtest results to a table
backtest.table(initial_capital, profit_and_loss, open_balance, winrate, entries, exits, wins, losses, backtest_table_position, backtest_table_margin, backtest_table_transparency, backtest_table_cell_color, backtest_table_title_cell_color, backtest_table_text_color)
Backtest result without chart labels
= backtest.run(date_start, date_end, long_entry, long_exit, take_profit_percentage, stop_loss_percentage, atr_length, initial_capital, order_size, commission)
Backtest result profit
profit = backtest.profit(date_start, date_end, long_entry, long_exit, take_profit_percentage, stop_loss_percentage, atr_length, initial_capital, order_size, commission)
Backtest result winrate
winrate = backtest.winrate(date_start, date_end, long_entry, long_exit, take_profit_percentage, stop_loss_percentage, atr_length, initial_capital, order_size, commission)
Start Date
You can set the start date either by using a timestamp or a number that refers to the number of bars back.
Stop Loss / Take Profit Issue
Unfortunately, I did not manage to achieve 100% accuracy for the take profit and stop loss. The original TradingView backtest can stop at the correct position within a bar using the strategy.exit stop and limit variables. However, it seems unachievable with a crossunder/crossover function in PineScript unless it is calculated on every tick (which would make the backtesting results invalid). So far, I have not found a workaround, and I would be grateful if someone could solve this issue, if it is even possible. If you have any solutions or fixes, please let me know!
Multiple Backtest Results / Optimizer
You can run multiple backtests in a single strategy or indicator, but there are certain requirements for placing the correct code in the right way. To view examples of running multiple backtests, you can refer to the links provided in the updates I posted below. In the samples I have also explained how you can auto-generate code for your backtest strategy.
New Tradability by hajiIntroduction:
The New Tradability Indicator is a state-of-the-art, meticulously coded tool designed for traders on TradingView. Crafted with precision and an in-depth understanding of market dynamics, this indicator offers a comprehensive insight into market tradability across various time frames. By leveraging the core metrics of Trend Area and Quality, it aims to empower traders with the right information to make informed decisions, mitigate FOMO, and maximize profitability.
Core Features:
Three-tiered Time Frame Analysis:
Macro Time Frame: This captures the overarching market movement by analyzing long-term trends. It gives a bird's-eye view of the market's direction and momentum, ideal for position and swing traders.
Normal Time Frame: This is aligned with the current chart time frame. It offers real-time insights for those who trade more frequently, such as day traders or those who base their decisions on hourly or daily charts.
Micro Time Frame: Tailored for scalpers and short-term traders, this captures the minutiae of market fluctuations by focusing on smaller time frames.
Dual-metric Analysis:
Trend Area: This metric delves deep into the market's current trend strength. Whether bullish or bearish, it provides a quantified representation of the trend's vigor and possible continuation. A higher percentage indicates a more pronounced trend, offering traders clarity on potential breakout or reversal scenarios.
Quality: Designed to combat one of the trader's arch-nemeses, FOMO (Fear of Missing Out), this metric evaluates the aptness of entering a trade. A high-quality score signifies a ripe opportunity, suggesting that it's an optimal time to enter the market. Conversely, a low-quality score can act as a warning sign, indicating that the prime entry point might have passed, thus cautioning traders against making hasty decisions.
Tradability Bar: The culmination of the indicator's insights is reflected in the Tradability Bar. This holistic bar synthesizes data from all metrics and time frames to present traders with a singular, easy-to-read percentage. The higher the percentage, the more favorable the market conditions are deemed for trading.
Usage Guidelines:
For optimal results, traders are advised to:
Use the Tradability Bar as an initial reference point. A high percentage suggests promising trading conditions.
Dive deeper by analyzing individual metrics (Trend Area & Quality) and respective time frames to validate or refine their trading strategies.
Always consider external market news, events, and other technical analysis tools in conjunction with this indicator for a more rounded decision-making process.
Conclusion:
The New Tradability Indicator for TradingView stands as a beacon for traders navigating the tumultuous seas of the financial markets. By distilling complex market dynamics into actionable insights, it seeks to be an indispensable ally in a trader's journey towards consistent profitability. Whether you're a seasoned trader or just starting out, this tool is tailored to provide clarity, confidence, and a competitive edge in the trading arena. Welcome to the future of informed trading.
Pineconnector Strategy Template (Connect Any Indicator)Hello traders,
If you're tired of manual trading and looking for a solid strategy template to pair with your indicators, look no further.
This Pine Script v5 strategy template is engineered for maximum customization and risk management.
Best part?
It’s optimized for Pineconnector, allowing seamless integration with MetaTrader 4 and 5.
This powerful tool gives a lot of power to those who don't know how to code in Pinescript and are looking to automate their indicators' signals on Metatrader 4/5.
IMPORTANT NOTES
Pineconnector is a trading bot software that forwards TradingView alerts to your Metatrader 4/5 for automating trading.
Many traders don't know how to dynamically create Pineconnector-compatible alerts using the data from their TradingView scripts.
Traders using trading bots want their alerts to reflect the stop-loss/take-profit/trailing-stop/stop-loss to break options from your script and then create the orders accordingly.
This script showcases how to create Pineconnector alerts dynamically.
Pineconnector doesn't support alerts with multiple Take Profits.
As a workaround, for 2 TPs, I had to open two trades.
It's not optimal, as we end up paying more spreads for that extra trade - however, depending on your trading strategy, it may not be a big deal.
TRADINGVIEW ALERTS
1) You'll have to create one alert per asset X timeframe = 1 chart.
Example: 1 alert for EUR/USD on the 5 minutes chart, 1 alert for EUR/USD on the 15-minute chart (assuming you want your bot to trade the EUR/USD on the 5 and 15-minute timeframes)
2) Select the Order fills and alert() function calls condition
3) For each alert, the alert message is pre-configured with the text below
{{strategy.order.alert_message}}
Please leave it as it is.
It's a TradingView native variable that will fetch the alert text messages built by the script.
4) Don't forget to set the Pineconnector webhook URL in the Notifications tab of the TradingView alerts UI.
You’ll find the URL on the Pineconnector documentation website.
EA CONFIGURATION
1) The Pyramiding in the EA on Metatrader must be set to 2 if you want to trade with 2 TPs => as it's opening 2 trades.
If you only want 1 TP, set the EA Pyramiding to 1.
Regarding the other EA settings, please refer to the Pineconnector documentation on their website.
2) In the EA, you can set a risk (= position size type) in %/lots/USD, as in the TradingView backtest settings.
KEY FEATURES
I) Modular Indicator Connection
* plug in your existing indicator into the template.
* Only two lines of code are needed for full compatibility.
Step 1: Create your connector
Adapt your indicator with only 2 lines of code and then connect it to this strategy template.
To do so:
1) Find in your indicator where the conditions print the long/buy and short/sell signals.
2) Create an additional plot as below
I'm giving an example with a Two moving averages cross.
Please replicate the same methodology for your indicator, whether it's a MACD , ZigZag , Pivots , higher-highs, lower-lows, or whatever indicator with clear buy and sell conditions.
//@version=5
indicator("Supertrend", overlay = true, timeframe = "", timeframe_gaps = true)
atrPeriod = input.int(10, "ATR Length", minval = 1)
factor = input.float(3.0, "Factor", minval = 0.01, step = 0.01)
= ta.supertrend(factor, atrPeriod)
supertrend := barstate.isfirst ? na : supertrend
bodyMiddle = plot(barstate.isfirst ? na : (open + close) / 2, display = display.none)
upTrend = plot(direction < 0 ? supertrend : na, "Up Trend", color = color.green, style = plot.style_linebr)
downTrend = plot(direction < 0 ? na : supertrend, "Down Trend", color = color.red, style = plot.style_linebr)
fill(bodyMiddle, upTrend, color.new(color.green, 90), fillgaps = false)
fill(bodyMiddle, downTrend, color.new(color.red, 90), fillgaps = false)
buy = ta.crossunder(direction, 0)
sell = ta.crossunder(direction, 0)
//////// CONNECTOR SECTION ////////
Signal = buy ? 1 : sell ? -1 : 0
plot(Signal, title = "Signal", display = display.data_window)
//////// CONNECTOR SECTION ////////
Important Notes
🔥 The Strategy Template expects the value to be exactly 1 for the bullish signal and -1 for the bearish signal
Now, you can connect your indicator to the Strategy Template using the method below or that one.
Step 2: Connect the connector
1) Add your updated indicator to a TradingView chart
2) Add the Strategy Template as well to the SAME chart
3) Open the Strategy Template settings, and in the Data Source field, select your 🔌Connector🔌 (which comes from your indicator)
Note it doesn’t have to be named 🔌Connector🔌 - you can name it as you want - however, I recommend an explicit name you can easily remember.
From then, you should start seeing the signals and plenty of other stuff on your chart.
🔥 Note that whenever you update your indicator values, the strategy statistics and visuals on your chart will update in real-time
II) Customizable Risk Management
- Choose between percentage or USD modes for maximum drawdown.
- Set max consecutive losing days and max losing streak length.
- I used the code from my friend @JosKodify for the maximum losing streak. :)
Will halt the EA and backtest orders fill whenever either of the safeguards above are “broken”
III) Intraday Risk Management
- Limit the maximum intraday losses both in percentage or USD.
- Option to set a maximum number of intraday trades.
- If your EA gets halted on an intraday chart, auto-restart it the next day.
IV) Spread and Account Filters
- Trade only if the spread is below a certain pip value.
- Set requirements based on account balance or equity.
V) Order Types and Position Sizing
- Choose between market, limit, or stop orders.
- Set your position size directly in the template.
Please use the position size from the “Inputs” and not the “Properties” tab.
Reason : The template sends the order on the same candle as the entry signals - at those entry signals candles, the position size isn’t computed yet, and the template can’t then send it to Pineconnector.
However, you can use the position size type (USD, contracts, %) from the “Properties” tab for backtesting.
In the EA, you can define the position size type for your orders in USD or lots or %.
VI) Advanced Take-Profit and Stop-Loss Options
- Choose to set your SL/TP in either pips or percentages.
- Option for multiple take-profit levels and trailing stop losses.
- Move your stop loss to break even +/- offset in pips for “risk-free” trades.
VII) Logger
The Pineconnector commands are logged in the TradingView logger.
You'll find more information about it in this TradingView blog post .
WHY YOU MIGHT NEED THIS TEMPLATE
1) Transform your indicator into a Pineconnector trading bot more easily than before
Connect your indicator to the template
Create your alerts
Set your EA settings
2) Save Time
Auto-generated alert messages for Pineconnector.
I tested them all, and I checked with the support team what could/can’t be done
3) Be in Control
Manage your trading risks with advanced features.
4) Customizable
Fits various trading styles and asset classes.
REQUIREMENTS
* Make sure you have your Pineconnector license ID.
* Create your alerts with the Pineconnector webhook URL
* If there is any issue with the template, ask me in the comments section - I’ll answer quickly.
BACKTEST RESULTS FROM THIS POST
1) I connected this strategy template to a dummy Supertrend script.
I could have selected any other indicator or concept for this script post.
I wanted to share an example of how you can quickly upgrade your strategy, making it compatible with Pineconnector.
2) The backtest results aren't relevant for this educational script publication.
I used realistic backtesting data but didn't look too much into optimizing the results, as this isn't the point of why I'm publishing this script.
This strategy is a template to be connected to any indicator - the sky is the limit. :)
3) This template is made to take 1 trade per direction at any given time.
Pyramiding is set to 1 on TradingView.
The strategy default settings are:
* Initial Capital: 100000 USD
* Position Size: 1 contract
* Commission Percent: 0.075%
* Slippage: 1 tick
* No margin/leverage used
WHAT’S COMING NEXT FOR YOU GUYS?
I’ll make the same template for ProfitView, then for AutoView, and then for Alertatron.
All of those are free and open-source.
I have no affiliations with any of those companies - I'm publishing those templates as they will be useful to many of you.
Dave
Heatmap MACD Strategy - Pineconnector (Dynamic Alerts)Hello traders
This script is an upgrade of this template script.
Heatmap MACD Strategy
Pineconnector
Pineconnector is a trading bot software that forwards TradingView alerts to your Metatrader 4/5 for automating trading.
Many traders don't know how to dynamically create Pineconnector-compatible alerts using the data from their TradingView scripts.
Traders using trading bots want their alerts to reflect the stop-loss/take-profit/trailing-stop/stop-loss to breakeven options from your script and then create the orders accordingly.
This script showcases how to create Pineconnector alerts dynamically.
Pineconnector doesn't support alerts with multiple Take Profits.
As a workaround, for 2 TPs, I had to open two trades.
It's not optimal, as we end up paying more spreads for that extra trade - however, depending on your trading strategy, it may not be a big deal.
TradingView Alerts
1) You'll have to create one alert per asset X timeframe = 1 chart.
Example : 1 alert for EUR/USD on the 5 minutes chart, 1 alert for EUR/USD on the 15-minute chart (assuming you want your bot to trade the EUR/USD on the 5 and 15-minute timeframes)
2) For each alert, the alert message is pre-configured with the text below
{{strategy.order.alert_message}}
Please leave it as it is.
It's a TradingView native variable that will fetch the alert text messages built by the script.
3) Don't forget to set the webhook URL in the Notifications tab of the TradingView alerts UI.
EA configuration
The Pyramiding in the EA on Metatrader must be set to 2 if you want to trade with 2 TPs => as it's opening 2 trades.
If you only want 1 TP, set the EA Pyramiding to 1.
Regarding the other EA settings, please refer to the Pineconnector documentation on their website.
Logger
The Pineconnector commands are logged in the TradingView logger.
You'll find more information about it from this TradingView blog post
Important Notes
1) This multiple MACDs strategy doesn't matter much.
I could have selected any other indicator or concept for this script post.
I wanted to share an example of how you can quickly upgrade your strategy, making it compatible with Pineconnector.
2) The backtest results aren't relevant for this educational script publication.
I used realistic backtesting data but didn't look too much into optimizing the results, as this isn't the point of why I'm publishing this script.
3) This template is made to take 1 trade per direction at any given time.
Pyramiding is set to 1 on TradingView.
The strategy default settings are:
Initial Capital: 100000 USD
Position Size: 1 contract
Commission Percent: 0.075%
Slippage: 1 tick
No margin/leverage used
For example, those are realistic settings for trading CFD indices with low timeframes but not the best possible settings for all assets/timeframes.
Concept
The Heatmap MACD Strategy allows selecting one MACD in five different timeframes.
You'll get an exit signal whenever one of the 5 MACDs changes direction.
Then, the strategy re-enters whenever all the MACDs are in the same direction again.
It takes:
long trades when all the 5 MACD histograms are bullish
short trades when all the 5 MACD histograms are bearish
You can select the same timeframe multiple times if you don't need five timeframes.
For example, if you only need the 30min, the 1H, and 2H, you can set your timeframes as follow:
30m
30m
30m
1H
2H
Risk Management Features
All the features below are pips-based.
Stop-Loss
Trailing Stop-Loss
Stop-Loss to Breakeven after a certain amount of pips has been reached
Take Profit 1st level and closing X% of the trade
Take Profit 2nd level and close the remaining of the trade
Custom Exit
I added the option ON/OFF to close the opened trade whenever one of the MACD diverges with the others.
Help me help the community
If you see any issue when adding your strategy logic to that template regarding the orders fills on your Metatrader, please let me know in the comments.
I'll use your feedback to make this template more robust. :)
What's next?
I'll publish a more generic template built as a connector so you can connect any indicator to that Pineconnector template.
Then, I'll publish a template for Capitalise AI, ProfitView, AutoView, and Alertatron.
Thank you
Dave
Triple Moving Averages + RSI Divergence + Trade Creator [CSJ7]This indicator uses triple moving averages to identify the prevailing trend, and calculates the linear regression of the closing price, and of the RSI, to either confirm the current trend direction, or to identify a potential trade reversal. Additionally, it includes a trade management tool that allows you to rate your trade setup according to your selected entry minimums and preferences, plus you obtain an estimated P&L with profitability metrics of your trade.
The key features are:
Dashboard : Includes entry/exit amounts, prices, quantities, estimated Profit & Loss, ROI, ROE, RRR, insights into market trends, entry conditions, and operational logs.
Trade Setup : Allows you to design your trade in detail. Select entry/exit levels, and let the tool suggest optimal target levels based on your ROI and RRR preferences. Specify your desired stop-loss type, and the tool will present the corresponding price.
Entry Conditions Management : Customize your trade entry prerequisites within the settings. The system evaluates these, offering a Trade Rating and displaying current values and entry statuses in the Entry Conditions table.
Trade Box : Visualize your trade strategy with a trade box that shows in alongside your chart, highlighting potential profit/loss zones and entry price points.
RSI & Close Price Linear Regressions : Calculates the linear regression of RSI and the close prices, since the beginning of the current trend, and presents them directly in the chart and alongside the active trend, to allow you to spot a potential trend continuation or reversal.
Adaptive price levels : The tool calculates the viability, trade rating and P&L based on contextual levels, like moving averages and highest or lowest prices, instead of using fixed prices; this allows for the results to adapt dynamically to market fluctuations, eliminating the need for manual recalibrations and adjustments.
Automatic Trade Side Detection : While manual input is available, the tool can intuitively determine the optimal trade side based on current data.
Market Outlook Events : By using the crossings of the three averages, the tool keeps track of the evolution of the current trend, providing points of interest like when the initial momentum is observed, when the trend initiates, when a potential entry zone starts, when a buy or sell opportunity arises and when the trend ends.
Alerts : You can set up two distinct alerts – one notifies on trend milestones and another for trade initiation conditions. Note: Manual activation is required in the Tradingview dashboard.
Logs : The tool provides a log section where you can find relevant information regarding the operation and any encountered errors via the dashboard's log section.
Usage
Choose your desired ticker and timeframe. If a tradable trend is detected and levels are set correctly, the trade box appears. Incorrect levels will trigger a warning in the error logs.
The tool will suggest the logical trade side, but manual adjustments are possible.
Customize ROI, maximum loss, and RRR in the settings. When in 'Auto', the tool will calculate the target price accordingly.
Adjust leverage to align with your risk and reward parameters.
View linear regressions for trend analysis and spotting RSI divergences.
Manage position sizing and risk in the settings, accounting for broker/exchange fees.
Activate alerts for trade notifications.
Enable 'Show Trade Levels' in settings to get the details of the necessary limit orders for the trade.
In the image below, you can view the expanded Trade Creator Dashboard, the Trade Box, and the Linear Regression Lines:
The linear regression lines are colored red when trending downward and green when trending upward.
The labels displaying information related to the entry and exit prices can be hidden, as demonstrated in the image above.
Buy/Sell BoxThis indicator tries to identify the points where the price exceeds or falls below a rectangle based on the opening and closing prices of the previous period, the creation of the boxes occurs when a doji is detected therefore it will calculate the coordinates of the rectangle that will be drawn around it, therefore the indicator offers buy or sell signals based on this logic. Specifically, the buy signal is generated if the closing price is above the top of the rectangle and satisfies some previous price conditions while the sell signal is generated if the closing price is below the bottom of the rectangle and satisfies some conditions of previous prices within a further threshold based on the Ema 150.
Lines are then drawn on the graph to visually display the extreme price levels, which can be useful for any confirmation of buy and sell signals, Stop Loss and Take Profit, Trend Filter (to visually understand if the trend is bullish or bearish)
A potentially effective trading strategy could involve identifying buy and sell signals near the extreme price level lines drawn by the indicator. This approach can be used to try to improve the accuracy of your trading signals and make more informed decisions. For example:
When you receive a buy or sell signal based on the dojis and rectangles generated by the indicator, check whether the price is also near one of the extreme price level lines. If you are receiving a buy signal and notice that the current price is near a low of the lower level line, this may further confirm the buying opportunity, as the price is near a significant resistance level. On the contrary, if the sell signal was close to a maximum price level it could confirm an excellent short entry.
It is also possible to use the boxes as reference points to set the stop loss and take profit levels. If you are entering a buy position, you might consider setting your stop loss just below an upper line of the last box. Additionally, you may want to set your take profit near a higher price level if you are looking to maximize profits. This will help manage risks and protect your capital.
Nifty 50 5mint Strategy
The script defines a specific trading session based on user inputs. This session is specified by a time range (e.g., "1000-1510") and selected days of the week (e.g., Monday to Friday). This session definition is crucial for trading only during specific times.
Lookback and Breakout Conditions:
The script uses a lookback period and the highest high and lowest low values to determine potential breakout points. The lookback period is user-defined (default is 10 periods).
The script also uses Bollinger Bands (BB) to identify potential breakout conditions. Users can enable or disable BB crossover conditions. BB consists of an upper and lower band, with the basis.
Additionally, the script uses Dema (Double Exponential Moving Average) and VWAP (Volume Weighted Average Price) . Users can enable or disable this condition.
Buy and Sell Conditions:
Buy conditions are met when the close price exceeds the highest high within the specified lookback period, Bollinger Bands conditions are satisfied, Dema-VWAP conditions are met, and the script is within the defined trading session.
Sell conditions are met when the close price falls below the lowest low within the lookback period, Bollinger Bands conditions are satisfied, Dema-VWAP conditions are met, and the script is within the defined trading session.
When either condition is met, it triggers a "long" or "short" position entry.
Trailing Stop Loss (TSL):
Users can choose between fixed points ( SL by points ) or trailing stop (Profit Trail).
For fixed points, users specify the number of points for the stop loss. A fixed stop loss is set at a certain distance from the entry price if a position is opened.
For Profit Trail, users can enable or disable this feature. If enabled, the script uses a "trail factor" (lookback period) to determine when to adjust the stop loss.
If the price moves in the direction of the trade and reaches a certain level (determined by the trail factor), the stop loss is adjusted, trailing behind the price to lock in profits.
If the close price falls below a certain level (lowest low within the trail factor(lookback)), and a position is open, the "long" position is closed (strategy.close("long")).
If the close price exceeds a certain level (highest high within the specified trail factor(lookback)), and a position is open, the "short" position is closed (strategy.close("short")).
Positions are also closed if they are open outside of the defined trading session.
Background Color:
The script changes the background color of the chart to indicate buy (green) and sell (red) signals, making it visually clear when the strategy conditions are met.
In summary, this script implements a breakout trading strategy with various customizable conditions, including Bollinger Bands, Dema-VWAP crossovers, and session-specific rules. It also includes options for setting stop losses and trailing stop losses to manage risk and lock in profits. The "trail factor" helps adjust trailing stops dynamically based on recent price movements. Positions are closed under certain conditions to manage risk and ensure compliance with the defined trading session.
CE=Buy, CE_SL=stoploss_buy, tCsl=Trailing Stop_buy.
PE=sell, PE_SL= stoploss_sell, tpsl=Trailing Stop_sell.
Remember that trading involves inherent risks, and past performance is not indicative of future results. Exercise caution, manage risk diligently, and consider the advice of financial experts when using this script or any trading strategy.
[blackcat] L1 Visual Volatility IndicatorHey there! Let's get into the details about dynamic rate indicators, how they work, their importance, usage, and benefits in trading.
Dynamic rate indicators are essential in trading as they help traders assess the volatility and risk level of the market, so they can make the right trading strategies and risk management measures.
When it comes to the importance of dynamic rate indicators, they provide critical information about market volatility, which is super important for traders. Traders can use this information to understand the risk level of the market, determine market stability and instability, and adjust trading strategies based on volatility changes.
Now let's talk about the usage of dynamic rate indicators. They have different usage times for different trading strategies and market environments. Generally, when market volatility is low, traders can take advantage of the opportunity to do trend tracking or oscillating trades. When market volatility is high, traders can take a more conservative approach, such as using stop-loss orders or reducing position sizes.
Using dynamic rate indicators can bring several benefits. First, they can help traders evaluate the risk level of the market, so they can develop suitable risk management strategies. Traders can adjust stop-loss and take-profit levels based on changes in volatility to control risk. Second, dynamic rate indicators provide information about market trends and price fluctuations, helping traders make wiser trading decisions. Traders can determine entry and exit points based on the signals of dynamic rate indicators. Lastly, dynamic rate indicators play a significant role in option pricing. Implied volatility helps traders evaluate option prices and market expectations for future volatility, so they can carry out option trades or hedging operations.
In conclusion, dynamic rate indicators are essential for traders as they help assess market volatility and risk levels, develop suitable trading strategies and risk management measures, and increase trading success and profitability. Remember that different indicators are suitable for different types of markets, so it is essential to choose the right one for your specific trading needs.
This indicator is a powerful tool for traders who want to stay ahead of the market and make informed trading decisions. By analyzing trends in volatility, this indicator can provide valuable insights into market sentiment and help traders identify potential trading opportunities.
One of the key advantages of the L1 Visual Volatility Indicator is its ability to adapt to changing market conditions. The channel structure it constructs based on ATR characteristics provides a framework for tracking volatility that can be adjusted to different timeframes and asset classes. This allows traders to customize the indicator to their specific needs and trading style, making it a versatile tool for a wide range of trading strategies.
Another advantage of this indicator is its use of gradient colors to differentiate between Bullish and Bearish volatility. This provides a visual representation of market sentiment that can help traders quickly identify potential trading opportunities and make informed decisions. Additionally, the use of Fibonacci's long-term moving average to define the sideways consolidation area provides a reliable framework for identifying key levels of support and resistance, further enhancing the indicator's usefulness in trading.
In conclusion, the L1 Visual Volatility Indicator is a powerful tool for traders looking to stay ahead of the market and make informed trading decisions. Its ability to adapt to changing market conditions and use of gradient colors to differentiate between Bullish and Bearish volatility make it a versatile and effective tool for a wide range of trading strategies. By incorporating this indicator into their trading arsenal, traders can gain valuable insights into market sentiment and improve their chances of success in the markets.
3kilos BTC 15mThe "3kilos BTC 15m" is a comprehensive trading strategy designed to work on a 15-minute timeframe for Bitcoin (BTC) or other cryptocurrencies. This strategy combines multiple indicators, including Triple Exponential Moving Averages (TEMA), Average True Range (ATR), and Heikin-Ashi candlesticks, to generate buy and sell signals. It also incorporates risk management features like take profit and stop loss.
Indicators
Triple Exponential Moving Averages (TEMA): Three TEMA lines are used with different lengths and sources:
Short TEMA (Red) based on highs
Long TEMA 1 (Blue) based on lows
Long TEMA 2 (Green) based on closing prices
Average True Range (ATR): Custom ATR calculation with EMA smoothing is used for volatility measurement.
Supertrend: Calculated using ATR and a multiplier to determine the trend direction.
Simple Moving Average (SMA): Applied to the short TEMA to smooth out its values.
Heikin-Ashi Close: Used for additional trend confirmation.
Entry & Exit Conditions
Long Entry: Triggered when the short TEMA is above both long TEMA lines, the Supertrend is bullish, the short TEMA is above its SMA, and the Heikin-Ashi close is higher than the previous close.
Short Entry: Triggered when the short TEMA is below both long TEMA lines, the Supertrend is bearish, the short TEMA is below its SMA, and the Heikin-Ashi close is lower than the previous close.
Take Profit and Stop Loss: Both are calculated as a percentage of the entry price, and they are set for both long and short positions.
Risk Management
Take Profit: Set at 1% above the entry price for long positions and 1% below for short positions.
Stop Loss: Set at 3% below the entry price for long positions and 3% above for short positions.
Commission and Pyramiding
Commission: A 0.07% commission is accounted for in the strategy.
Pyramiding: The strategy does not allow pyramiding.
Note
This strategy is designed for educational purposes and should not be considered as financial advice. Always do your own research and consider consulting a financial advisor before engaging in trading.
Based RSI (BullDozz)Installation: To use this script, open TradingView and create a new Pine Script strategy. You can paste the code provided into the Pine Script editor.
Customizable Inputs: The script includes various input parameters that you can customize to fit your trading preferences. These parameters are defined using the input function and include values like length, TPPercent, and others. You can adjust these values based on your trading strategy.
Strategy Signals: The script generates buy and sell signals based on the conditions specified in the buySignal and sellSignal variables. These signals are derived from the analysis of the oscillator (osc) and the Relative Strength Index (rsi). When a buy signal occurs, the script enters a long position, and when a sell signal occurs, it enters a short position.
Take Profit: The script includes a take profit feature (useTP) that allows you to enable or disable take profit orders. When enabled, it calculates take profit levels based on the specified percent (TPPercent) and attaches them to the open positions.
Plotting: The script also visualizes the oscillator (osc) and a midline (0) on the chart using histogram-style bars. The colors of these bars change based on the oscillator's direction.
HL 930 by JPThe "High and Low of 9:30 Candle" strategy is a simple trading strategy commonly used in the stock market and other financial markets. It involves using the price range (high and low) of the first candlestick that forms at the opening of a trading session, typically at 9:30 AM, as a basis for making trading decisions. Here's a description of this strategy:
1. Timeframe: This strategy is often applied to intraday trading, where traders focus on short-term price movements within a single trading day.
2. 9:30 AM Candle: The strategy begins by observing the first candlestick that forms at 9:30 AM, which is the opening time for many stock markets, including the New York Stock Exchange (NYSE). This candle represents the price action during the first few minutes of trading.
3. High and Low: Identify the highest price (the candle's high) and the lowest price (the candle's low) during the 9:30 AM candle's time period. These price levels are critical for the strategy.
4. Trading Decisions:
Long (Buy) Signal: If the current market price breaks above the high of the 9:30 AM candle, it may trigger a bullish signal. Traders may consider entering a long (buy) position, anticipating further upward momentum.
Short (Sell) Signal: Conversely, if the market price breaks below the low of the 9:30 AM candle, it may trigger a bearish signal. Traders may consider entering a short (sell) position, anticipating further downward movement.
5. Stop-Loss and Take-Profit: To manage risk, traders often set stop-loss orders just below the low (for long positions) or just above the high (for short positions) of the 9:30 AM candle. They may also establish take-profit levels based on their risk-reward preferences.
6. Time Frame: This strategy is typically used for short-term trading and may be effective in capturing quick price movements that often occur at the market open. Traders often close their positions before the end of the trading day.
7. Caution: While the "High and Low of 9:30 Candle" strategy can be straightforward, it should not be used in isolation. Traders should consider other technical and fundamental factors, such as volume, market sentiment, news events, and overall market trends, when making trading decisions.
Remember that trading strategies always carry risks, and it's essential to have a well-thought-out risk management plan in place. Additionally, backtesting and practice are crucial before implementing any trading strategy in a live market to evaluate its historical performance and suitability for your trading style.
Position and Risk Calculator (for Indices) [dR-Algo]Position and Risk Calculator : Your Ultimate Risk Management Tool for Indices
The difference between a novice and a seasoned trader often comes down to one essential element: risk management. While trading indices, the challenges are even more intense due to market volatility and leverage. The Position and Risk Calculator steps in here to bridge the gap, providing you with an efficient tool designed exclusively for indices trading.
Key Features:
User-Friendly Interface: Designed to integrate effortlessly with your TradingView chart, this tool's interface is intuitive and clutter-free.
Dynamic Price Level Adjustment: Move your Entry, Stop Loss, and Take Profit levels directly on the chart for an interactive experience.
Account Balance Input: Customize the tool to understand your unique financial situation by inputting your current account balance.
Trade Risk Customization: Define how much you're willing to risk per trade, and the tool will do the rest.
Automated Calculations: The indicator calculates the maximum monetary risk and translates it into the maximum lot size you can afford. It delivers a full-integer lot size to make your trading decisions easier.
Comprehensive Risk Evaluation: Beyond lot sizes, it provides you with the Cost-to-Reward Ratio (CRV) of your trade, the actual monetary risk according to the calculated lot size, and the potential profit.
How To Use:
Once you add the Position and Risk Calculator to your TradingView chart, a new interactive panel appears. Here’s how it works:
Set Price Levels: Using draggable lines on the chart, set your Entry Price, Stop Loss, and Take Profit levels.
Account Details: Go to settings and enter your Account Balance and your desired risk percentage per trade.
Automatic Calculations: As soon as the above details are set, the indicator goes to work. It first calculates your maximum risk in monetary terms and then translates that into the maximum lot size you can take for the trade.
Review and Trade: The indicator shows you all the vital statistics - CRV of the trade, the money at risk according to the calculated lot size, and the possible profit.
Why Choose This Tool?
Informed Decisions: Your trading decisions will be based on concrete numbers, removing guesswork.
Time-saving: No need for manual calculations or using separate tools; everything is in one place.
Focus on Trading: By automating the risk management aspect, this tool allows you to focus more on your trading strategy and market analysis.
Tailor-Made for Indices: Unlike many other tools that try to serve all markets, the Position and Risk Calculator is designed specifically for indices trading.
Remember, effective risk management is what separates successful traders from those who burn out. The Position and Risk Calculator not only helps you define your risk but also helps you understand it, empowering you to trade with confidence.
So why not give yourself the best chance of success? Add the Position and Risk Calculator to your TradingView setup and experience the difference it can make.
Trend Analyser by Abdul KhaderThis indicator is designed to provide buy and sell signals based on a combination of technical analysis methods. It uses the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Exponential Moving Averages (EMA) to generate signals. It also calculates Stop Loss (SL) and Take Profit (TP) levels based on the Average True Range (ATR).
Components:
RSI: An oscillator that measures the speed and change of price movements. RSI is used to identify overbought and oversold conditions. In this indicator, an RSI below 30 is considered oversold and an RSI above 70 is considered overbought.
MACD: A trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
EMA: These moving averages give more weight to recent prices and are used to identify short-term price trends. A crossover of a shorter period EMA (9 periods in this case) above a longer period EMA (21 periods in this case) generates a buy signal. Conversely, a crossover of the shorter EMA below the longer EMA generates a sell signal.
ATR: This is a market volatility indicator. The ATR is used to calculate Stop Loss and Take Profit levels. These levels are set at a distance from the entry price, equal to a certain multiplier (1.5 in this case) of the ATR.
How to Use:
Buy Signal: A green triangle below the price bar indicates a buy signal. This is generated when the following conditions are met:
The short-term EMA crosses above the long-term EMA
The RSI is below 30 (oversold condition)
The MACD line crosses above the signal line and is above zero
Sell Signal: A red triangle above the price bar indicates a sell signal. This is generated when the following conditions are met:
The short-term EMA crosses below the long-term EMA
The RSI is above 70 (overbought condition)
The MACD line crosses below the signal line and is below zero
Stop Loss and Take Profit: These levels are indicated by dashed lines. The stop loss for a long position is set below the entry price, while the take profit is set above. For a short position, the stop loss is set above the entry price and the take profit is set below.
Important Notes:
This indicator is designed for intraday trading and may not be suitable for longer-term trades.
Always use this indicator in conjunction with other aspects of technical and fundamental analysis. No indicator can provide accurate signals 100% of the time.
Always backtest this indicator with historical data before using it in live trading.
Risk management is crucial in trading. Never risk more than a small percentage of your trading capital on a single trade.
DCA Liquidation Calculation [ChartPrime]The DCA Liquidation Calculator is a powerful table indicator designed for both manual and bot-assisted traders who practice Dollar Cost Averaging (DCA). Its primary objective is to help traders avoid getting liquidated and make informed decisions when managing their positions. This comprehensive table indicator provides essential information to DCA traders, enabling them to plan their trades effectively and mitigate potential risks of liquidation.
Key Features:
Liquidation Price Awareness: The DCA Liquidation Calculator calculates and displays the liquidation price for each trade within your position. This critical information empowers traders to set appropriate stop-loss levels and avoid being liquidated in adverse market conditions, especially in leveraged trading scenarios.
DCA Recommendations: Whether you are executing DCA manually or using a trading bot, the DCA Liquidation Calculator offers valuable guidance. It suggests optimal entry prices and provides insights into the percentage deviation from the current market price, helping traders make well-timed and well-informed DCA decisions.
Position Sizing: Proper position sizing is essential for risk management. The DCA Liquidation Calculator helps traders determine the percentage of capital to allocate to each trade based on the provided insights. By using the recommended position sizing, traders can protect their capital and potentially maximize profits.
Profit and Loss Visualization: Gain real-time visibility into your Profit and Loss (PnL) with the DCA Liquidation Calculator. This feature allows you to monitor your trades' performance, enabling you to adapt your strategies as needed and make data-driven decisions.
Margin Call Indicators: Anticipating potential margin calls is crucial for maintaining a healthy trading account. The DCA Liquidation Calculator's smart analysis helps you identify and manage potential margin call situations, reducing the risk of account liquidation.
Capital Requirements: Before entering a trade, it's vital to know the required capital. The DCA Liquidation Calculator provides you with this information, ensuring you are adequately prepared to execute your trades without overextending your resources.
Maximum Trade Limit: Considering your available capital, the DCA Liquidation Calculator helps you determine the maximum number of trades you can enter. This feature ensures you maintain a disciplined and sustainable trading approach aligned with your financial capabilities.
Color-Coded Risk Indicators:
Green Liquidation Price Cell: Indicates that the position is considered safe from liquidation at the given parameters.
Yellow Liquidation Price Cell: Warns traders of potential liquidation risk. Exercise caution and monitor the trade closely to avoid undesirable outcomes.
Purple Liquidation Price Cell: Shows the liquidation price, but it does not necessarily indicate an imminent liquidation. Use this information to make prudent risk management decisions.
Red Row: Signals that the trade cannot be executed due to insufficient capital. Consider alternative strategies or ensure adequate capitalization before proceeding.
Settings explained:
In conclusion, the DCA Liquidation Calculator equips traders with essential tools to make well-calculated decisions, minimize liquidation risks, and optimize their Dollar Cost Averaging strategy. By offering comprehensive insights into your trading position, this indicator empowers you to navigate the markets with confidence and increase your potential for successful and sustainable trading.
CC Trend strategy 2- Downtrend ShortTrend Strategy #2
Indicators:
1. EMA(s)
2. Fibonacci retracement with a mutable lookback period
Strategy:
1. Short Only
2. No preset Stop Loss/Take Profit
3. 0.01% commission
4. When in a profit and a closure above the 200ema, the position takes a profit.
5. The position is stopped When a closure over the (0.764) Fibonacci ratio occurs.
* NO IMMEDIATE RE-ENTRIES EVER!*
How to use it and what makes it unique:
This strategy will enter often and stop quickly. The goal with this strategy is to take losses often but catch the big move to the downside when it occurs through the Silvercross/Fibonacci combination. This is a unique strategy because it uses a programmed Fibonacci ratio that can be used within the strategy and on any program. You can manipulate the stats by changing the lookback period of the Fibonacci retracement and looking at different assets/timeframes.
This description tells the indicators combined to create a new strategy, with commissions and take profit/stop loss conditions included, and the process of strategy execution with a description of how to use it. If you have any questions feel free to PM me and boost if you found it helpful. Thank you, pineUSERS!
CHEATCODE1
Impulse MACD buy OwlPixelDescription:
The Impulse MACD Buy Indicator, developed by OwlPixel, is a powerful trading tool for traders using TradingView's Pine Script version 5. This indicator aims to provide valuable insights for identifying potential buy signals in the market using the popular MACD (Moving Average Convergence Divergence) oscillator.
Key Features:
MACD Analysis: The indicator displays the MACD line (blue) and the signal line (orange) on the chart, helping traders assess the momentum and trend direction of an asset.
Impulse Histo: The Impulse Histo (blue histogram) visualizes the difference between the MACD line and the signal line, making it easier to spot changes in market strength and potential trend reversals.
Impulse MACD CD Signal: This histogram (maroon color) highlights the divergence between the Impulse Histo and the signal line, providing further insights into trend shifts.
Background Boxes: The indicator features three rows of different colored background boxes that represent distinct market conditions - an uptrend (light green), a downtrend (light red), and a neutral trend (light yellow).
Crossover Points: Buy signals are marked with green circles when the MACD line crosses above the signal line, suggesting potential entry points for long positions.
Demand and Supply Bars: The demand (lime/green) and supply (red/orange) bars are intensified, aiding traders in identifying possible reversal areas.
Stop Loss and Take Profit:
The Impulse MACD Buy Indicator automatically calculates Stop Loss (SL) and Take Profit (TP) levels for buy signals. The SL level is set at the highest of the last three candles, while the TP level is determined by a user-defined percentage of the closing price. This information helps traders manage risk and optimize their profit potential.
Usage:
Apply the Impulse MACD Buy Indicator to your TradingView chart by copying the provided Pine Script into the Pine Editor.
Configure the input parameters, such as the MA Length and Signal Length, to suit your trading preferences.
Observe the MACD line, signal line, and histograms to gain insights into market momentum and trends.
Identify buy signals when the MACD line crosses above the signal line, signaled by green circles.
Utilize the provided Stop Loss and Take Profit levels for risk management and exit strategies.
Please note that this indicator is for informational purposes only and should be used in conjunction with other analysis techniques to make well-informed trading decisions. Happy trading!
Volume ValueWhen VelocityTitle: Volume ValueWhen Velocity Trading Strategy
▶ Introduction:
The " Volume ValueWhen Velocity " trading strategy is designed to generate long position signals based on various technical conditions, including volume thresholds, RSI (Relative Strength Index), and price action relative to the Simple Moving Average (SMA). The strategy aims to identify potential buy opportunities when specific criteria are met, helping traders capitalize on potential bullish movements.
▶ How to use and conditions
★ Important : Only on Spot Binance BINANCE:BTCUSDT
Name: Volume ValueWhen Velocity
Operating mode: Long on Spot BINANCE BINANCE:BTCUSDT
Timeframe: Only one hour
Market: Crypto
currency: Bitcoin only
Signal type: Medium or short term
Entry: All sections in the Technical Indicators and Conditions section must be saved to enter (This is explained below)
Exit: Based on loss limit and profit limit It is removed in the settings section
Backtesting:
⁃ Exchange: BINANCE BINANCE:BTCUSDT
⁃ Pair: BTCUSDT
⁃ Timeframe:1h
⁃ Fee: 0.1%
- Initial Capital: 1,000 USDT
- Position sizing: 500 usdt
-Trading Range: 2022-07-01 11:30 ___ 2023-07-21 14:30
▶ Strategy Settings and Parameters:
1. `strategy(title='Volume ValueWhen Velocity', ...`: Sets the strategy title, initial capital, default quantity type, default quantity value, commission value, and trading currency.
↬ Stop-Loss and Take-Profit Settings:
1. long_stoploss_value and long_stoploss_percentage : Define the stop-loss percentage for long positions.
2. long_takeprofit_value and long_takeprofit_percentage : Define the take-profit percentage for long positions.
↬ ValueWhen Occurrence Parameters:
1. occurrence_ValueWhen_1 and occurrence_ValueWhen_2 : Control the occurrences of value events.
2. `distance_value`: Specifies the minimum distance between occurrences of ValueWhen 1 and ValueWhen 2.
↬ RSI Settings:
1. rsi_over_sold and rsi_length : Define the oversold level and RSI length for RSI calculations.
↬ Volume Thresholds:
1. volume_threshold1 , volume_threshold2 , and volume_threshold3 : Set the volume thresholds for multiple volume conditions.
↬ ATR (Average True Range) Settings:
1. atr_small and atr_big : Specify the periods used to calculate the Average True Range.
▶ Date Range for Back-Testing:
1. start_date, end_date, start_month, end_month, start_year, and end_year : Define the date range for back-testing the strategy.
▶ Technical Indicators and Conditions:
1. rsi: Calculates the Relative Strength Index (RSI) based on the defined RSI length and the closing prices.
2. was_over_sold: Checks if the RSI was oversold in the last 10 bars.
3. getVolume and getVolume2 : Custom functions to retrieve volume data for specific bars.
4. firstCandleColor : Evaluates the color of the first candle based on different timeframes.
5. sma : Calculates the Simple Moving Average (SMA) of the closing price over 13 periods.
6. numCandles : Counts the number of candles since the close price crossed above the SMA.
7. atr1 : Checks if the ATR_small is less than ATR_big for the specified security and timeframe.
8. prevClose, prevCloseBarsAgo, and prevCloseChange : ValueWhen functions to calculate the change in the close price between specific occurrences.
9. atrval: A condition based on the ATR_value3.
▶ Buy Signal Condition:
Condition: A combination of multiple volume conditions.
buy_signal: The final buy signal condition that considers various technical conditions and their interactions.
▶ Long Strategy Execution:
1. The strategy will enter a long position (buy) when the buy_signal condition is met and within the specified date range.
2. A stop-loss and take-profit will be set for the long position to manage risk and potential profits.
▶ Conclusion:
The " Volume ValueWhen Velocity " trading strategy is designed to identify long position opportunities based on a combination of volume conditions, RSI, and price action. The strategy aims to capitalize on potential bullish movements and utilizes a stop-loss and take-profit mechanism to manage risk and optimize potential returns. Traders can use this strategy as a starting point for their own trading systems or further customize it to suit their preferences and risk appetite. It is crucial to thoroughly back-test and validate any trading strategy before deploying it in live markets.
↯ Disclaimer:
Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.
How you or we can improve? Source code is open so share your ideas!
Leave a comment and smash the boost button!
