Liquidity Sweep Filter Strategy [AlgoAlpha X PineIndicators]This strategy is based on the Liquidity Sweep Filter developed by AlgoAlpha. Full credit for the concept and original indicator goes to AlgoAlpha.
The Liquidity Sweep Filter Strategy is a non-repainting trading system designed to identify liquidity sweeps, trend shifts, and high-impact price levels. It incorporates volume-based liquidation analysis, trend confirmation, and dynamic support/resistance detection to optimize trade entries and exits.
This strategy helps traders:
Detect liquidity sweeps where major market participants trigger stop losses and liquidations.
Identify trend shifts using a volatility-based moving average system.
Analyze volume distribution with a built-in volume profile visualization.
Filter noise by differentiating between major and minor liquidity sweeps.
How the Liquidity Sweep Filter Strategy Works
1. Trend Detection Using Volatility-Based Filtering
The strategy applies a volatility-adjusted moving average system to determine trend direction:
A central trend line is calculated using an EMA smoothed over a user-defined length.
Upper and lower deviation bands are created based on the average price deviation over multiple periods.
If price closes above the upper band, the strategy signals an uptrend.
If price closes below the lower band, the strategy signals a downtrend.
This approach ensures that trend shifts are confirmed only when price significantly moves beyond normal market fluctuations.
2. Liquidity Sweep Detection
Liquidity sweeps occur when price temporarily breaks key levels, triggering stop-loss liquidations or margin call events. The strategy tracks swing highs and lows, marking potential liquidity grabs:
Bearish Liquidity Sweeps – Price breaks a recent high, then reverses downward.
Bullish Liquidity Sweeps – Price breaks a recent low, then reverses upward.
Volume Integration – The strategy analyzes trading volume at each sweep to differentiate between major and minor sweeps.
Key levels where liquidity sweeps occur are plotted as color-coded horizontal lines:
Red lines indicate bearish liquidity sweeps.
Green lines indicate bullish liquidity sweeps.
Labels are displayed at each sweep, showing the volume of liquidated positions at that level.
3. Volume Profile Analysis
The strategy includes an optional volume profile visualization, displaying how trading volume is distributed across different price levels.
Features of the volume profile:
Point of Control (POC) – The price level with the highest traded volume is marked as a key area of interest.
Bounding Box – The profile is enclosed within a transparent box, helping traders visualize the price range of high trading activity.
Customizable Resolution & Scale – Traders can adjust the granularity of the profile to match their preferred time frame.
The volume profile helps identify zones of strong support and resistance, making it easier to anticipate price reactions at key levels.
Trade Entry & Exit Conditions
The strategy allows traders to configure trade direction:
Long Only – Only takes long trades.
Short Only – Only takes short trades.
Long & Short – Trades in both directions.
Entry Conditions
Long Entry:
A bullish trend shift is confirmed.
A bullish liquidity sweep occurs (price sweeps below a key level and reverses).
The trade direction setting allows long trades.
Short Entry:
A bearish trend shift is confirmed.
A bearish liquidity sweep occurs (price sweeps above a key level and reverses).
The trade direction setting allows short trades.
Exit Conditions
Closing a Long Position:
A bearish trend shift occurs.
The position is liquidated at a predefined liquidity sweep level.
Closing a Short Position:
A bullish trend shift occurs.
The position is liquidated at a predefined liquidity sweep level.
Customization Options
The strategy offers multiple adjustable settings:
Trade Mode: Choose between Long Only, Short Only, or Long & Short.
Trend Calculation Length & Multiplier: Adjust how trend signals are calculated.
Liquidity Sweep Sensitivity: Customize how aggressively the strategy identifies sweeps.
Volume Profile Display: Enable or disable the volume profile visualization.
Bounding Box & Scaling: Control the size and position of the volume profile.
Color Customization: Adjust colors for bullish and bearish signals.
Considerations & Limitations
Liquidity sweeps do not always result in reversals. Some price sweeps may continue in the same direction.
Works best in volatile markets. In low-volatility environments, liquidity sweeps may be less reliable.
Trend confirmation adds a slight delay. The strategy ensures valid signals, but this may result in slightly later entries.
Large volume imbalances may distort the volume profile. Adjusting the scale settings can help improve visualization.
Conclusion
The Liquidity Sweep Filter Strategy is a volume-integrated trading system that combines liquidity sweeps, trend analysis, and volume profile data to optimize trade execution.
By identifying key price levels where liquidations occur, this strategy provides valuable insight into market behavior, helping traders make better-informed trading decisions.
Key use cases for this strategy:
Liquidity-Based Trading – Capturing moves triggered by stop hunts and liquidations.
Volume Analysis – Using volume profile data to confirm high-activity price zones.
Trend Following – Entering trades based on confirmed trend shifts.
Support & Resistance Trading – Using liquidity sweep levels as dynamic price zones.
This strategy is fully customizable, allowing traders to adapt it to different market conditions, timeframes, and risk preferences.
Full credit for the original concept and indicator goes to AlgoAlpha.
在腳本中搜尋"stop loss"
Trading Sessions Highs/Lows | InvrsROBINHOODTrading Sessions Highs/Lows | InvrsROBINHOOD
🚀 A powerful indicator for tracking key trading sessions and the highs and lows of each session!
📌 Description
The Trading Sessions Highs/Lows indicator visually marks the most critical trading sessions—Asia, London, and New York—using small colored dots at the bottom of the candle. It also tracks and plots the highs and lows of each session, along with the Daily Open and Weekly Open levels.
This tool is designed to help traders identify session-based liquidity zones, price reactions, and potential trade setups with minimal chart clutter.
Key Features:
✅ Session markers (Asia, London, NY AM, NY Lunch, NY PM) plotted as small dots
✅ Plots session highs and lows for market structure insights
✅ Daily Open line for intraday reference
✅ Weekly Open line for higher timeframe bias
✅ Alerts for session high/low breaks to capture momentum shifts
✅ User-defined UTC offset for global traders
✅ Customizable session colors for personal preference
📖 How to Use the Indicator
1️⃣ Understanding the Sessions
Asia Session (Yellow Dot) → Marks liquidity buildup & pre-London moves
London Session (Blue Dot) → Strong volatility, breakout opportunities
New York AM Session (Green Dot) → Major trends & institutional participation
New York Lunch (Red Dot) → Low volume, ranging market
New York PM Session (Dark Green Dot) → End-of-day movements & reversals
2️⃣ Session Highs & Lows for Market Structure
Session Highs can act as resistance or breakout points.
Session Lows can act as support or stop-hunt zones.
Break of a session high/low with volume may indicate continuation or reversal.
3️⃣ Using the Daily & Weekly Open
The Daily Open (Black Line) helps gauge the intraday trend.
Above Daily Open → Bearish Bias
Below Daily Open → Bullish Bias
The Weekly Open (Red Line) sets the higher timeframe directional bias.
4️⃣ Alerts for Breakouts
The indicator will trigger alerts when price breaks session highs or lows.
Useful for setting stop-losses, breakout trades, and risk management.
💡 Why This Indicator is Important for Beginners
1️⃣ Avoids Overtrading:
Many beginners trade in low-volume periods (NY Lunch, Asia session) and get stuck in choppy price action.
This indicator highlights when volatility is high so traders focus on better opportunities.
2️⃣ Session-Based Liquidity Traps:
Market makers often run stops at session highs/lows before reversing.
Watching session breaks prevents traders from falling into liquidity grabs.
3️⃣ Reduces Emotional Trading:
If price is above the Daily Open, a beginner shouldn’t look for shorts.
If price is below a key session low, it may signal a fake breakout.
4️⃣ Aligns with Institutional Trading:
Smart money traders use session highs/lows to set stop hunts & reversals.
Beginners can use this indicator to spot these zones before entering trades.
🛡️ How to Mitigate Risk with This Indicator
✅ Wait for Confirmations – Don’t trade blindly at session highs/lows. Look for wicks, rejections, or break/retests.
✅ Use Stop-Loss Above/Below Session Levels – If you’re going long, set SL below a session low. If short, set SL above a session high.
✅ Watch Volume & News Events – Breakouts without strong volume or news may be fake moves.
✅ Combine with Other Strategies – Use price action, trendlines, or EMAs with this indicator for higher probability trades.
✅ Use the Weekly Open for Trend Bias – If price stays below the Weekly Open, avoid bullish setups unless key support holds.
🎯 Who is This Indicator For?
📌 Beginners who need clear session-based trading levels.
📌 Day traders & scalpers looking to refine their intraday setups.
📌 Smart money traders using liquidity concepts.
📌 Swing traders tracking higher timeframe momentum shifts.
🚀 Final Thoughts
This indicator is an essential tool for traders who want to understand market structure, liquidity, and volatility cycles. Whether you’re trading forex, stocks, or crypto, it helps you stay on the right side of the market and avoid unnecessary risks.
🔹 Set it up, customize your colors, define your UTC offset, and start trading smarter today! 🏆📈
Discount/Premium OTE LevelsThis indicator is created to identify discount/premium areas to provide additional confluence to trades taken. The underlying theory is that the trades taken in discounted areas are likely to have less risk due to a smaller stop loss and a higher reward/risk ratio.
The indicator operates by first identifying a zone between the last major swing high and low. These highs and lows are determined as price points that at the extremes within the number of bars to the left, as defined by the "Swing Sensitivity" setting.
Once a price zone is established, the indicator verifies that the zone meets the minimum size in points as configured via the "Minimum size" setting to be considered tradable. Zones that are too small may not provide a sufficient range even for scalping. The default value is 42 points based on Nasdaq, which means that the distance between inner most OTE levels (0.382 and 0.618) is at least 10 points.
When a valid zone is identified, it is then subdivided into areas of interest based on OTE levels, which can be configured/adjusted via the "Levels to Draw" setting. These levels represent the midpoint (50%), which distinguishes between premium and discount, and the three OTE levels 0.79, 0.705, 0.618, above the 50% for discount and below the 50% for premium.
For example, if a zone is formed initially by a swing low followed by a swing high with the assumption that the draw is higher, the indicator can be used to formulate long positions from below the 50% level starting at 0.38 OTE level, or ideally at 0.295 OTE level using 0 as a stop loss. Alternatively, if the 50% level is not yet tapped, short scalp positions can be made from 0.79-0.618 OTE levels with 50% as a partial or TP target.
See for long/short example
Typically, the indicator will show only a single zone. However, there may be cases with two zones: one larger parent zone containing a smaller, valid price zone within itself.
The indicator will automatically invalidate and remove the zone once the high/low of the zone is invalidated.
Configuration:
The indicator provides several visualization options for customization, including:
Color settings for OTE levels, with separate settings for edge/50% color, premium, and discount levels.
Settings for line style for OTE levels.
Settings to determine whether to show prices on level labels.
Settings to decide if lines should be extended to the right.
Daily COC Strategy with SHERLOCK WAVESThis indicator implements a unique trading strategy known as the "Daily COC (Candle Over Candle) Strategy" enhanced with "SHERLOCK WAVES" for pattern recognition. It's designed for traders looking to capitalize on specific candlestick formations with a negative risk-reward ratio, with the aim of achieving a high win rate (over 70%) through numerous trading opportunities, despite each trade having a higher risk relative to the reward.
Key Features:
Pattern Recognition: Identifies a setup based on three consecutive candles - a red candle followed by a shooting star, then an entry candle that does not break below the shooting star's low.
Negative Risk/Reward Trade Selection: Focuses on entries where the potential stop loss is greater than the take profit, banking on a high win rate to offset the individual trade's negative risk-reward ratio.
Visual Signals:
Green Label: Marks potential entry points at the high of the candle before the entry.
Green Dot: Indicates a winning trade closure.
Red Dot: Signals a losing trade closure.
Blue Circle: Warns when the current candle is within 2% of breaking above the previous candle's high, suggesting a potential setup is developing.
Green Circle: Plots the take profit level.
Red Circle: Plots the stop loss level.
Dynamic Statistics: A live updating label showing the number of trades, wins, losses, open trades, current account balance, and win percentage.
Customizable Parameters:
Risk % per Trade: Adjust the percentage of your account balance you're willing to risk on each trade.
Initial Account Balance: Set your starting balance for tracking performance.
Start Date for Strategy: Define when the strategy should start calculating from, allowing for backtesting.
Alerts:
An alert condition is set for when a potential trade setup is developing, helping traders prepare for entries.
Usage Tips:
This strategy is predicated on the idea that a high win rate can compensate for the negative risk-reward ratio of individual trades. It might not suit all market conditions or traders' risk profiles.
Use this strategy in conjunction with other analysis methods to validate trade setups.
Note: Always backtest thoroughly before applying to live markets. Consider this tool as part of a broader trading strategy, not a standalone solution. Monitor your win rate and adjust your risk management accordingly to ensure the strategy remains profitable over time.
This description now correctly explains the purpose behind the negative risk-reward ratio in the context of your trading strategy.
Channels by SmanovIndicator Description
“Channels by Smanov” is a multi-channel indicator that plots dynamic support and resistance zones around a moving average line. It is composed of two main parts:
FL 1 (Flexible Channels):
A Simple Moving Average (SMA) serves as the Basis.
Upper and lower bands are calculated by adding and subtracting an ATR-based buffer from the Basis.
User-defined inputs (such as Half Length, ATR Period, and ATR Multiplier) allow for flexibility in adapting the channel width to different market conditions.
FL 2 (Fixed Channels):
Eight additional bands expand on the same SMA + ATR logic but use fixed ATR multipliers (ranging from 2.2 up to 5.0).
These extra lines can help you gauge more distant levels of potential support or resistance.
By combining an SMA (to smooth price data) with ATR (to gauge volatility), this indicator highlights areas where price may be “stretched” relative to recent volatility. Traders often use channel-based indicators to identify potential “overbought” or “oversold” conditions, as well as to spot trend continuations or reversals.
How to Use / Trading Strategy
Trend Identification (Basis Line):
The middle line (the SMA) can be used as a trend filter:
If price consistently stays above the basis, it suggests an uptrend.
If price consistently stays below the basis, it suggests a downtrend.
Reversal Opportunities (Outer Bands):
When price moves into or beyond the upper bands, it may signal overbought conditions, creating potential short (or profit-taking) opportunities.
Conversely, when price dips into or beyond the lower bands, it may signal oversold conditions, which some traders use for initiating or adding to long positions.
Breakout or Continuation Signals:
In a strong trend, price may “ride” along the outer channels.
A clear break above/below a channel that previously acted as resistance/support could hint at trend continuation.
Failure to break these levels could suggest a potential reversal or consolidation phase.
Stop-Loss Placement:
Traders often place stops just outside a relevant band. For example, if you go long on a dip near a lower band, you might place your stop slightly below that band, relying on the ATR-based buffer to reflect normal volatility.
Multiple Timeframe Analysis:
Consider confirming signals on a higher timeframe (e.g., 4-hour or daily) while taking entries on a lower timeframe.
Channels on higher timeframes can act as stronger support or resistance, offering additional confluence.
Disclaimer
This indicator is provided for educational purposes and does not guarantee specific results. Trading involves risk, and individual traders are responsible for managing their own risk and capital. Always conduct thorough analysis and use appropriate risk management (e.g., stop-losses) when entering any market positions.
Enjoy using Channels by Smanov! Your feedback and personal insights can further refine the indicator’s settings for your preferred trading style. Good luck and trade responsibly!
This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0.
© Smanov_I
HOD/LOD/PMH/PML/PDH/PDL Strategy by @tradingbauhaus This script is a trading strategy @tradingbauhaus designed to trade based on key price levels, such as the High of Day (HOD), Low of Day (LOD), Premarket High (PMH), Premarket Low (PML), Previous Day High (PDH), and Previous Day Low (PDL). Below, I’ll explain in detail what the script does:
Core Functionality of the Script:
Calculates Key Price Levels:
HOD (High of Day): The highest price of the current day.
LOD (Low of Day): The lowest price of the current day.
PMH (Premarket High): The highest price during the premarket session (before the market opens).
PML (Premarket Low): The lowest price during the premarket session.
PDH (Previous Day High): The highest price of the previous day.
PDL (Previous Day Low): The lowest price of the previous day.
Draws Horizontal Lines on the Chart:
Plots horizontal lines on the chart for each key level (HOD, LOD, PMH, PML, PDH, PDL) with specific colors for easy visual identification.
Defines Entry and Exit Rules:
Long Entry (Buy): If the price crosses above the PMH (Premarket High) or the PDH (Previous Day High).
Short Entry (Sell): If the price crosses below the PML (Premarket Low) or the PDL (Previous Day Low).
Long Exit: If the price reaches the HOD (High of Day) during a long position.
Short Exit: If the price reaches the LOD (Low of Day) during a short position.
How the Script Works Step by Step:
Calculates Key Levels:
Uses the request.security function to fetch the HOD and LOD of the current day, as well as the highs and lows of the previous day (PDH and PDL).
Calculates the PMH and PML during the premarket session (before 9:30 AM).
Plots Levels on the Chart:
Uses the plot function to draw horizontal lines on the chart representing the key levels (HOD, LOD, PMH, PML, PDH, PDL).
Each level has a specific color for easy identification:
HOD: White.
LOD: Purple.
PDH: Orange.
PDL: Blue.
PMH: Green.
PML: Red.
Defines Trading Rules:
Uses conditions with ta.crossover and ta.crossunder to detect when the price crosses key levels.
Long Entry: If the price crosses above the PMH or PDH, a long position (buy) is opened.
Short Entry: If the price crosses below the PML or PDL, a short position (sell) is opened.
Long Exit: If the price reaches the HOD during a long position, the position is closed.
Short Exit: If the price reaches the LOD during a short position, the position is closed.
Executes Orders Automatically:
Uses the strategy.entry and strategy.close functions to open and close positions automatically based on the defined rules.
Advantages of This Strategy:
Based on Key Levels: Uses important price levels that often act as support and resistance.
Easy to Visualize: Horizontal lines on the chart make it easy to identify levels.
Automated: Entries and exits are executed automatically based on the defined rules.
Limitations of This Strategy:
Dependent on Volatility: Works best in markets with significant price movements.
False Crosses: There may be false crosses that generate incorrect signals.
No Advanced Risk Management: Does not include dynamic stop-loss or take-profit mechanisms.
How to Improve the Strategy:
Add Stop-Loss and Take-Profit: To limit losses and lock in profits.
Filter Signals with Indicators: Use RSI, MACD, or other indicators to confirm signals.
Optimize Levels: Adjust key levels based on the asset’s behavior.
In summary, this script is a trading strategy that operates based on key price levels, such as HOD, LOD, PMH, PML, PDH, and PDL. It is useful for traders who want to trade based on significant support and resistance levels.
Trend Trading SetupTrend Trading Setup is an indicator that is designed to assist with trend trading by indicating when the basic conditions for a trade in either direction are met.
Note: Default values assume the 1-hour chart
The idea is that this will allow a trader to know for the first glance if a market is worthy of closer inspection or not.
Indicator Features:
1. Simple Moving Averages - defining the basic trade conditions
5 - Day Moving Average
20 - Day Moving Average
50 - Day Moving Average
2. Visualisation of The Price Location In Relation To The 5 - Day Moving Average
If price is above the 5-day Moving Average, the space between them is green. If price is below the 5-day Moving Average, the space between them is red.
3. Risk Management Section - calculates an ATR-based stop loss.
4. Indication When The Conditions Are Met
If the conditions for a bullish bias are met, the chart background is green. If the conditions for a bearish bias are met, the chart background is red. If none of the conditions are met, the chart background is left as is.
A user can adjust the length of any of the Moving Averages as well as the length of the ATR and the ATR Multiplier for the stop loss size. Default values assume the 1-hour chart, but surprisingly the settings seem to show logical results also on other time frames.
The Setup:
Bullish - 5-day Moving Average is above the 50-day Moving Average. The slope of both of the Moving Averages is positive and the price has to be above the 5-day Moving Average.
Bearish - Exactly the same as for the bullish bias, but opposite.
I do not recommend to take this Trend Trading Setup indicator as the only reason for a position. However, I believe it can be very useful to show when the overall conditions are in favour of a long position or in favour of a short position.
DemaRSI StrategyThis is a repost to a old script that cant be updated anymore, the request was made on Feb, 27, 2016.
Here's a engaging description for the tradingview script:
**DemaRSI Strategy: A Proven Trading System**
Join thousands of traders who have already experienced the power of this highly effective strategy. The DemaRSI system combines two powerful indicators - DEMA (Double Exponential Moving Average) and RSI (Relative Strength Index) - to generate profitable trades with minimal risk.
**Key Features:**
* **Trend-Following**: Our algorithm identifies strong trends using a combination of DEMA and RSI, allowing you to ride the waves of market momentum.
* **Risk Management**: The system includes built-in stop-loss and take-profit levels, ensuring that your gains are protected and losses are minimized.
* **Session-Based Trading**: Trade during specific sessions only (e.g., London or New York) for even more targeted results.
* **Customizable Settings**: Adjust the length of moving averages, RSI periods, and other parameters to suit your trading style.
**What You'll Get:**
* A comprehensive strategy that can be used with any broker or platform
* Easy-to-use interface with customizable settings
* Real-time performance metrics and backtesting capabilities
**Start Trading Like a Pro Today!**
This script is designed for intermediate to advanced traders who want to take their trading game to the next level. With its robust risk management features, this strategy can help you achieve consistent profits in various market conditions.
**Disclaimer:** This script is not intended as investment advice and should be used at your own discretion. Trading carries inherent risks, and losses are possible.
~Llama3
DNSE VN301!, SMA & EMA Cross StrategyDiscover the tailored Pinescript to trade VN30F1M Future Contracts intraday, the strategy focuses on SMA & EMA crosses to identify potential entry/exit points. The script closes all positions by 14:25 to avoid holding any contracts overnight.
HNX:VN301!
www.tradingview.com
Setting & Backtest result:
1-minute chart, initial capital of VND 100 million, entering 4 contracts per time, backtest result from Jan-2024 to Nov-2024 yielded a return over 40%, executed over 1,000 trades (average of 4 trades/day), winning trades rate ~ 30% with a profit factor of 1.10.
The default setting of the script:
A decent optimization is reached when SMA and EMA periods are set to 60 and 15 respectively while the Long/Short stop-loss level is set to 20 ticks (2 points) from the entry price.
Entry & Exit conditions:
Long signals are generated when ema(15) crosses over sma(60) while Short signals happen when ema(15) crosses under sma(60). Long orders are closed when ema(15) crosses under sma(60) while Short orders are closed when ema(15) crosses over sma(60).
Exit conditions happen when (whichever came first):
Another Long/Short signal is generated
The Stop-loss level is reached
The Cut-off time is reached (14:25 every day)
*Disclaimers:
Futures Contracts Trading are subjected to a high degree of risk and price movements can fluctuate significantly. This script functions as a reference source and should be used after users have clearly understood how futures trading works, accessed their risk tolerance level, and are knowledgeable of the functioning logic behind the script.
Users are solely responsible for their investment decisions, and DNSE is not responsible for any potential losses from applying such a strategy to real-life trading activities. Past performance is not indicative/guarantee of future results, kindly reach out to us should you have specific questions about this script.
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Khám phá Pinescript được thiết kế riêng để giao dịch Hợp đồng tương lai VN30F1M trong ngày, chiến lược tập trung vào các đường SMA & EMA cắt nhau để xác định các điểm vào/ra tiềm năng. Chiến lược sẽ đóng tất cả các vị thế trước 14:25 để tránh giữ bất kỳ hợp đồng nào qua đêm.
Thiết lập & Kết quả backtest:
Chart 1 phút, vốn ban đầu là 100 triệu đồng, vào 4 hợp đồng mỗi lần, kết quả backtest từ tháng 1/2024 tới tháng 11/2024 mang lại lợi nhuận trên 40%, thực hiện hơn 1.000 giao dịch (trung bình 4 giao dịch/ngày), tỷ lệ giao dịch thắng ~ 30% với hệ số lợi nhuận là 1,10.
Thiết lập mặc định của chiến lược:
Đạt được một mức tối ưu ổn khi SMA và EMA periods được đặt lần lượt là 60 và 15 trong khi mức cắt lỗ được đặt thành 20 tick (2 điểm) từ giá vào.
Điều kiện Mở và Đóng vị thế:
Tín hiệu Long được tạo ra khi ema(15) cắt trên sma(60) trong khi tín hiệu Short xảy ra khi ema(15) cắt dưới sma(60). Lệnh Long được đóng khi ema(15) cắt dưới sma(60) trong khi lệnh Short được đóng khi ema(15) cắt lên sma(60).
Điều kiện đóng vị thể xảy ra khi (tùy điều kiện nào đến trước):
Một tín hiệu Long/Short khác được tạo ra
Giá chạm mức cắt lỗ
Lệnh chưa đóng nhưng tới giờ cut-off (14:25 hàng ngày)
*Tuyên bố miễn trừ trách nhiệm:
Giao dịch hợp đồng tương lai có mức rủi ro cao và giá có thể dao động đáng kể. Chiến lược này hoạt động như một nguồn tham khảo và nên được sử dụng sau khi người dùng đã hiểu rõ cách thức giao dịch hợp đồng tương lai, đã đánh giá mức độ chấp nhận rủi ro của bản thân và hiểu rõ về logic vận hành của chiến lược này.
Người dùng hoàn toàn chịu trách nhiệm về các quyết định đầu tư của mình và DNSE không chịu trách nhiệm về bất kỳ khoản lỗ tiềm ẩn nào khi áp dụng chiến lược này vào các hoạt động giao dịch thực tế. Hiệu suất trong quá khứ không chỉ ra/cam kết kết quả trong tương lai, vui lòng liên hệ với chúng tôi nếu bạn có thắc mắc cụ thể về chiến lược giao dịch này.
PineConnectorLibrary "PineConnector"
This library is a comprehensive alert webhook text generator for PineConnector. It contains every possible alert syntax variation from the documentation, along with some debugging functions.
To use it, just import the library (eg. "import ZenAndTheArtOfTrading/PineConnector/1 as pc") and use pc.buy(licenseID) to send an alert off to PineConnector - assuming all your webhooks etc are set up correctly.
View the PineConnector documentation for more information on how to send the commands you're looking to send (all of this library's function names match the documentation).
all()
Usage: pc.buy(pc_id, freq=pc.all())
Returns: "all"
once_per_bar()
Usage: pc.buy(pc_id, freq=pc.once_per_bar())
Returns: "once_per_bar"
once_per_bar_close()
Usage: pc.buy(pc_id, freq=pc.once_per_bar_close())
Returns: "once_per_bar_close"
na0(value)
Checks if given value is either 'na' or 0. Useful for streamlining scripts with float user setting inputs which default values to 0 since na is unavailable as a user input default.
Parameters:
value (float) : The value to check
Returns: True if the given value is 0 or na
getDecimals()
Calculates how many decimals are on the quote price of the current market.
Returns: The current decimal places on the market quote price
truncate(number, decimals)
Truncates the given number. Required params: mumber.
Parameters:
number (float) : Number to truncate
decimals (int) : Decimal places to cut down to
Returns: The input number, but as a string truncated to X decimals
getPipSize(multiplier)
Calculates the pip size of the current market.
Parameters:
multiplier (int) : The mintick point multiplier (1 by default, 10 for FX/Crypto/CFD but can be used to override when certain markets require)
Returns: The pip size for the current market
toWhole(number)
Converts pips into whole numbers. Required params: number.
Parameters:
number (float) : The pip number to convert into a whole number
Returns: The converted number
toPips(number)
Converts whole numbers back into pips. Required params: number.
Parameters:
number (float) : The whole number to convert into pips
Returns: The converted number
debug(txt, tooltip, displayLabel)
Prints to console and generates a debug label with the given text. Required params: txt.
Parameters:
txt (string) : Text to display
tooltip (string) : Tooltip to display (optional)
displayLabel (bool) : Turns on/off chart label (default: off)
Returns: Nothing
order(licenseID, command, symbol, parameters, accfilter, comment, secret, freq, debug)
Generates an alert string. Required params: licenseID, command.
Parameters:
licenseID (string) : Your PC license ID
command (string) : Command to send
symbol (string) : The symbol to trigger this order on
parameters (string) : Other optional parameters to include
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: An alert string with valid PC syntax based on supplied parameters
market_order(licenseID, buy, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a market entry alert with relevant syntax commands. Required params: licenseID, buy, risk.
Parameters:
licenseID (string) : Your PC license ID
buy (bool) : true=buy/long, false=sell/short
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A market order alert string with valid PC syntax based on supplied parameters
buy(licenseID, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a market buy alert with relevant syntax commands. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A market order alert string with valid PC syntax based on supplied parameters
sell(licenseID, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a market sell alert with relevant syntax commands. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A market order alert string with valid PC syntax based on supplied parameters
closeall(licenseID, comment, secret, freq, debug)
Closes all open trades at market regardless of symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closealleaoff(licenseID, comment, secret, freq, debug)
Closes all open trades at market regardless of symbol, and turns the EA off. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelong(licenseID, symbol, comment, secret, freq, debug)
Closes all long trades at market for the given symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closeshort(licenseID, symbol, comment, secret, freq, debug)
Closes all open short trades at market for the given symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelongshort(licenseID, symbol, comment, secret, freq, debug)
Closes all open trades at market for the given symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelongbuy(licenseID, risk, symbol, comment, secret, freq, debug)
Close all long positions and open a new long at market for the given symbol with given risk/contracts. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : Risk or contracts (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closeshortsell(licenseID, risk, symbol, comment, secret, freq, debug)
Close all short positions and open a new short at market for the given symbol with given risk/contracts. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : Risk or contracts (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltplong(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any open long trades on the given symbol with the given values. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltpshort(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any open short trades on the given symbol with the given values. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelongpct(licenseID, symbol, comment, secret, freq, debug)
Close a percentage of open long positions (according to EA settings). Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closeshortpct(licenseID, symbol, comment, secret, freq, debug)
Close a percentage of open short positions (according to EA settings). Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closelongvol(licenseID, risk, symbol, comment, secret, freq, debug)
Close all open long contracts on the current symbol until the given risk value is remaining. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : The quantity to leave remaining
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
closeshortvol(licenseID, risk, symbol, comment, secret, freq, debug)
Close all open short contracts on the current symbol until the given risk value is remaining. Required params: licenseID, risk.
Parameters:
licenseID (string) : Your PC license ID
risk (float) : The quantity to leave remaining
symbol (string) : Symbol to act on (defaults to current symbol)
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
limit_order(licenseID, buy, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a limit order alert with relevant syntax commands. Required params: licenseID, buy, price, risk.
Parameters:
licenseID (string) : Your PC license ID
buy (bool) : true=buy/long, false=sell/short
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A limit order alert string with valid PC syntax based on supplied parameters
buylimit(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a buylimit order alert with relevant syntax commands. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A limit order alert string with valid PC syntax based on supplied parameters
selllimit(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a selllimit order alert with relevant syntax commands. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A limit order alert string with valid PC syntax based on supplied parameters
stop_order(licenseID, buy, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a stop order alert with relevant syntax commands. Required params: licenseID, buy, price, risk.
Parameters:
licenseID (string) : Your PC license ID
buy (bool) : true=buy/long, false=sell/short
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
buystop(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a buystop order alert with relevant syntax commands. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
sellstop(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Generates a sellstop order alert with relevant syntax commands. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancel_neworder(licenseID, order, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancel + place new order template function.
Parameters:
licenseID (string) : Your PC license ID
order (string) : Cancel order type
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancellongbuystop(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancels all long orders with the specified symbol and places a new buystop order. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancellongbuylimit(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancels all long orders with the specified symbol and places a new buylimit order. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancelshortsellstop(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancels all short orders with the specified symbol and places a sellstop order. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancelshortselllimit(licenseID, price, risk, sl, tp, betrigger, beoffset, spread, trailtrig, traildist, trailstep, atrtimeframe, atrperiod, atrmultiplier, atrshift, atrtrigger, symbol, accfilter, comment, secret, freq, debug)
Cancels all short orders with the specified symbol and places a selllimit order. Required params: licenseID, price, risk.
Parameters:
licenseID (string) : Your PC license ID
price (float) : Price or pips to set limit order (according to EA settings)
risk (float) : Risk quantity (according to EA settings)
sl (float) : Stop loss distance in pips or price
tp (float) : Take profit distance in pips or price
betrigger (float) : Breakeven will be activated after the position gains this number of pips
beoffset (float) : Offset from entry price. This is the amount of pips you'd like to protect
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips
trailtrig (float) : Trailing stop-loss will be activated after a trade gains this number of pips
traildist (float) : Distance of the trailing stop-loss from current price
trailstep (float) : Moves trailing stop-loss once price moves to favourable by a specified number of pips
atrtimeframe (int) : ATR Trailing Stop timeframe, only updates once per bar close. Options: 1, 5, 15, 30, 60, 240, 1440
atrperiod (int) : ATR averaging period
atrmultiplier (float) : Multiple of ATR to utilise in the new SL computation, default = 1
atrshift (int) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default = 0
atrtrigger (int) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default = 0 (instant)
symbol (string) : The symbol to trigger this order on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment (maximum 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A stop order alert string with valid PC syntax based on supplied parameters
cancellong(licenseID, symbol, accfilter, comment, secret, freq, debug)
Cancels all pending long orders with the specified symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A cancel long alert command
cancelshort(licenseID, symbol, accfilter, comment, secret, freq, debug)
Cancels all pending short orders with the specified symbol. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: A cancel short alert command
newsltpbuystop(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any pending buy stop orders on the given symbol. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltpbuylimit(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any pending buy limit orders on the given symbol. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltpsellstop(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any pending sell stop orders on the given symbol. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
newsltpselllimit(licenseID, sl, tp, symbol, accfilter, comment, secret, freq, debug)
Updates the stop loss and/or take profit of any pending sell limit orders on the given symbol. Required params: licenseID, sl and/or tp.
Parameters:
licenseID (string) : Your PC license ID
sl (float) : Stop loss pips or price (according to EA settings)
tp (float) : Take profit pips or price (according to EA settings)
symbol (string) : Symbol to act on (defaults to current symbol)
accfilter (float) : Optional minimum account balance filter
comment (string) : Optional comment to include (max 20 characters)
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
eaoff(licenseID, secret, freq, debug)
Turns the EA off. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
eaon(licenseID, secret, freq, debug)
Turns the EA on. Required params: licenseID.
Parameters:
licenseID (string) : Your PC license ID
secret (string) : Optional secret key (must be enabled in dashboard)
freq (string) : Alert frequency. Default = "all", options = "once_per_bar", "once_per_bar_close" and "none"
debug (bool) : Turns on/off debug label
Returns: The required alert syntax as a string
$TUBR: 7-25-99 Moving Average7, 25, and 99 Period Moving Averages
This indicator plots three moving averages: the 7-period, 25-period, and 99-period Simple Moving Averages (SMA). These moving averages are widely used to smooth out price action and help traders identify trends over different time frames. Let's break down the significance of these specific moving averages from both supply and demand perspectives and a price action perspective.
1. Supply and Demand Perspective:
- 7-period Moving Average (Short-Term) :
The 7-period moving average represents the short-term sentiment in the market. It captures the rapid fluctuations in price and is heavily influenced by recent supply and demand changes. Traders often look to the 7-period SMA for immediate price momentum, with price moving above or below this line signaling short-term strength or weakness.
- Bullish Supply/Demand : When price is above the 7-period SMA, it suggests that buyers are currently in control and demand is higher than supply. Conversely, price falling below this line indicates that supply is overpowering demand, leading to a short-term downtrend.
Is current price > average price in past 7 candles (depending on timeframe)? This will tell you how aggressive buyers are in short term.
- Key Supply/Demand Zones : The 7-period SMA often acts as dynamic support or resistance in a trending market, where traders might use it to enter or exit positions based on how price interacts with this level.
- 25-period Moving Average (Medium-Term) :
The 25-period SMA smooths out more of the noise compared to the 7-period, providing a more stable indication of intermediate trends. This moving average is often used to gauge the market's supply and demand balance over a broader timeframe than the short-term 7-period SMA.
- Supply/Demand Balance : The 25-period SMA reflects the medium-term equilibrium between supply and demand. A crossover between the price and the 25-period SMA may indicate a shift in this balance. When price sustains above the 25-period SMA, it shows that demand is strong enough to maintain an upward trend. Conversely, if the price stays below it, supply is likely exceeding demand.
Is current price > average price in past 25 candles (depending on timeframe)? This will tell you how aggressive buyers are in mid term.
- Momentum Shift : Crossovers between the 7-period and 25-period SMAs can indicate momentum shifts between short-term and medium-term demand. For example, if the 7-period crosses above the 25-period, it often signifies growing short-term demand relative to the medium-term trend, signaling potential buy opportunities. What this crossover means is that if 7MA > 25MA that means in past 7 candles average price is more than past 25 candles.
- 99-period Moving Average (Long-Term):
The 99-period SMA represents the long-term trend and reflects the market's supply and demand over an extended period. This moving average filters out short-term fluctuations and highlights the market's overall trajectory.
- Long-Term Supply/Demand Dynamics : The 99-period SMA is slower to react to changes in supply and demand, providing a more stable view of the market's overall trend. Price staying above this line shows sustained demand dominance, while price consistently staying below reflects ongoing supply pressure.
Is current price > average price in past 99 candles (depending on timeframe)? This will tell you how aggressive buyers are in long term.
- Market Trend Confirmation : When both the 7-period and 25-period SMAs are above the 99-period SMA, it signals a strong bullish trend with demand outweighing supply across all timeframes. If all three SMAs are below the 99-period SMA, it points to a bear market where supply is overpowering demand in both the short and long term.
2. Price Action Perspective :
- 7-period Moving Average (Short-Term Trends):
The 7-period moving average closely tracks price action, making it highly responsive to quick shifts in price. Traders often use it to confirm short-term reversals or continuations in price action. In an uptrend, price typically stays above the 7-period SMA, whereas in a downtrend, price stays below it.
- Short-Term Price Reversals : Crossovers between the price and the 7-period SMA often indicate short-term reversals. When price breaks above the 7-period SMA after staying below it, it suggests a potential bullish reversal. Conversely, a price breakdown below the 7-period SMA could signal a bearish reversal.
- 25-period Moving Average (Medium-Term Trends) :
The 25-period SMA helps identify the medium-term price action trend. It balances short-term volatility and longer-term stability, providing insight into the more persistent trend. Price pullbacks to the 25-period SMA during an uptrend can act as a buying opportunity for trend traders, while pullbacks during a downtrend may offer shorting opportunities.
- Pullback and Continuation: In trending markets, price often retraces to the 25-period SMA before continuing in the direction of the trend. For instance, if the price is in a bullish trend, traders may look for support at the 25-period SMA for potential continuation trades.
- 99-period Moving Average (Long-Term Trend and Market Sentiment ):
The 99-period SMA is the most critical for identifying the overall market trend. Price consistently trading above the 99-period SMA indicates long-term bullish momentum, while price staying below the 99-period SMA suggests bearish sentiment.
- Trend Confirmation : Price action above the 99-period SMA confirms long-term upward momentum, while price action below it confirms a downtrend. The space between the shorter moving averages (7 and 25) and the 99-period SMA gives a sense of the strength or weakness of the trend. Larger gaps between the 7 and 99 SMAs suggest strong bullish momentum, while close proximity indicates consolidation or potential reversals.
- Price Action in Trending Markets : Traders often use the 99-period SMA as a dynamic support/resistance level. In strong trends, price tends to stay on one side of the 99-period SMA for extended periods, with breaks above or below signaling major changes in market sentiment.
Why These Numbers Matter:
7-Period MA : The 7-period moving average is a popular choice among short-term traders who want to capture quick momentum changes. It helps visualize immediate market sentiment and is often used in conjunction with price action to time entries or exits.
- 25-Period MA: The 25-period MA is a key indicator for swing traders. It balances sensitivity and stability, providing a clearer picture of the intermediate trend. It helps traders stay in trades longer by filtering out short-term noise, while still being reactive enough to detect reversals.
- 99-Period MA : The 99-period moving average provides a broad view of the market's direction, filtering out much of the short- and medium-term noise. It is crucial for identifying long-term trends and assessing whether the market is bullish or bearish overall. It acts as a key reference point for longer-term trend followers, helping them stay with the broader market sentiment.
Conclusion:
From a supply and demand perspective, the 7, 25, and 99-period moving averages help traders visualize shifts in the balance between buyers and sellers over different time horizons. The price action interaction with these moving averages provides valuable insight into short-term momentum, intermediate trends, and long-term market sentiment. Using these three MAs together gives a more comprehensive understanding of market conditions, helping traders align their strategies with prevailing trends across various timeframes.
------------- RULE BASED SYSTEM ---------------
Overview of the Rule-Based System:
This system will use the following moving averages:
7-period MA: Represents short-term price action.
25-period MA: Represents medium-term price action.
99-period MA: Represents long-term price action.
1. Trend Identification Rules:
Bullish Trend:
The 7-period MA is above the 25-period MA, and the 25-period MA is above the 99-period MA.
This structure shows that short, medium, and long-term trends are aligned in an upward direction, indicating strong bullish momentum.
Bearish Trend:
The 7-period MA is below the 25-period MA, and the 25-period MA is below the 99-period MA.
This suggests that the market is in a downtrend, with bearish momentum dominating across timeframes.
Neutral/Consolidation:
The 7-period MA and 25-period MA are flat or crossing frequently with the 99-period MA, and they are close to each other.
This indicates a sideways or consolidating market where there’s no strong trend direction.
2. Entry Rules:
Bullish Entry (Buy Signals):
Primary Buy Signal:
The price crosses above the 7-period MA, AND the 7-period MA is above the 25-period MA, AND the 25-period MA is above the 99-period MA.
This indicates the start of a new upward trend, with alignment across the short, medium, and long-term trends.
Pullback Buy Signal (for trend continuation):
The price pulls back to the 25-period MA, and the 7-period MA remains above the 25-period MA.
This indica
tes that the pullback is a temporary correction in an uptrend, and buyers may re-enter the market as price approaches the 25-period MA.
You can further confirm the signal by waiting for price action (e.g., bullish candlestick patterns) at the 25-period MA level.
Breakout Buy Signal:
The price crosses above the 99-period MA, and the 7-period and 25-period MAs are also both above the 99-period MA.
This confirms a strong bullish breakout after consolidation or a long-term downtrend.
Bearish Entry (Sell Signals):
Primary Sell Signal:
The price crosses below the 7-period MA, AND the 7-period MA is below the 25-period MA, AND the 25-period MA is below the 99-period MA.
This indicates the start of a new downtrend with alignment across the short, medium, and long-term trends.
Pullback Sell Signal (for trend continuation):
The price pulls back to the 25-period MA, and the 7-period MA remains below the 25-period MA.
This indicates that the pullback is a temporary retracement in a downtrend, providing an opportunity to sell as price meets resistance at the 25-period MA.
Breakdown Sell Signal:
The price breaks below the 99-period MA, and the 7-period and 25-period MAs are also below the 99-period MA.
This confirms a strong bearish breakdown after consolidation or a long-term uptrend reversal.
3. Exit Rules:
Bullish Exit (for long positions):
Short-Term Exit:
The price closes below the 7-period MA, and the 7-period MA starts crossing below the 25-period MA.
This indicates weakening momentum in the uptrend, suggesting an exit from the long position.
Stop-Loss Trigger:
The price falls below the 99-period MA, signaling the breakdown of the long-term trend.
This can act as a final exit signal to minimize losses if the long-term uptrend is invalidated.
Bearish Exit (for short positions):
Short-Term Exit:
The price closes above the 7-period MA, and the 7-period MA starts crossing above the 25-period MA.
This indicates a potential weakening of the downtrend and signals an exit from the short position.
Stop-Loss Trigger:
The price breaks above the 99-period MA, invalidating the bearish trend.
This signals that the market may be reversing to the upside, and exiting short positions would be prudent.
Multi Deviation VWAP [OmegaTools]The Multi Deviation VWAP is an original variation of the traditional VWAP indicator, designed to enhance your trading experience by providing more precise market insights. While the conventional VWAP calculates a single price level based on volume and price over a given period, the Multi Deviation VWAP goes a step further by introducing dynamic upper and lower bands that adapt to market conditions. These bands give traders a more comprehensive understanding of volatility and price action, making it an ideal tool for various trading strategies, especially for identifying potential price reversals or trend continuations.
Key Features:
Separate Calculation of Deviation Bands:
Unlike traditional VWAP bands, where both the upper and lower bands are symmetrically calculated using a single deviation value, the Multi Deviation VWAP calculates the deviations independently for the upper and lower bands. This allows for a more accurate reflection of market dynamics.
The upper deviation band is based on the average distance of closing prices above the VWAP, while the lower deviation band considers the average distance of closing prices below the VWAP.
This separation provides a more tailored approach, adapting to whether the market is showing bullish or bearish momentum, as opposed to a fixed, equal deviation in both directions.
Internal and External Bands:
Two sets of deviation bands are plotted: Internal Bands and External Bands, controlled by user inputs (factorone for internal and factortwo for external). These bands offer multiple levels of support and resistance based on market volatility.
The Internal Bands are closer to the VWAP and act as the first level of support/resistance, suitable for short-term or tighter trading ranges.
The External Bands are further from the VWAP and capture more significant market swings, useful for identifying larger trends or setting wider stop-losses.
Timeframe Flexibility:
The indicator allows traders to select the desired timeframe (1D by default) over which the VWAP and its deviation bands are calculated. This flexibility enables users to adapt the indicator to different trading styles, from intraday scalping to longer-term trend analysis.
Visual Enhancements:
Bullish and Bearish Colors: The bands are color-coded for quick visual interpretation. Bullish bands (lower deviations) are colored blue, while bearish bands (upper deviations) are colored red, making it easy to differentiate between market conditions at a glance.
Plot Fill: The area between the internal and external bands is shaded, providing clear visual zones of potential price containment, aiding in understanding the market structure and anticipating price movements.
How It Differs from a Standard VWAP:
Traditional VWAP provides a single price line that represents the volume-weighted average price over a given period, often used to identify general price trends.
In contrast, the Multi Deviation VWAP introduces upper and lower bands calculated separately based on price deviations above and below the VWAP, giving a more nuanced view of market volatility.
Symmetrical bands in traditional VWAP may not always accurately reflect the market's true behavior, especially in trending markets, where upward and downward price movements aren't always equal. By splitting the deviation calculations, this tool provides a more dynamic and realistic view of price action, adapting to whether the market is showing stronger upward or downward pressure.
Use Cases:
Trend Identification: The VWAP line acts as a central trend line, while the deviation bands offer levels of potential support and resistance. When price moves beyond the external bands, it may indicate overextension and potential reversal.
Volatility Trading: Traders can use the internal and external bands to set dynamic take-profit or stop-loss levels, allowing for flexible risk management depending on market conditions.
Range Trading: In consolidating markets, the Multi Deviation VWAP can help traders identify optimal buy and sell zones as the price oscillates between the upper and lower bands.
By incorporating independent deviation bands, this indicator provides traders with a more responsive tool that reflects market behavior more accurately, helping them make informed trading decisions with enhanced precision.
Parabolic SAR Crosses_AITIndicator Name: Parabolic SAR Crosses_AIT
Purpose:
This indicator utilizes the Parabolic SAR to track price trends and generate buy (long) and sell (short) signals when the price crosses the Parabolic SAR line. The indicator is designed to help traders identify trend direction and potential trend reversals on the price chart.
Indicator Overview:
Indicator Parameters:
Parabolic SAR: The default settings for the Parabolic SAR are:
Step: 0.02
Maximum: 0.2 These values can be adjusted by the user to control the sensitivity of the SAR.
Signal Conditions:
Buy Signal (Long): A buy signal is generated when the price crosses above the Parabolic SAR line.
Sell Signal (Short): A sell signal is generated when the price crosses below the Parabolic SAR line.
How It Works:
Buy Signal:
When the price crosses above the Parabolic SAR line, it indicates a potential upward trend. A yellow triangle (L) will appear below the price bar, signaling a possible long entry.
Sell Signal:
When the price crosses below the Parabolic SAR line, it indicates a potential downward trend. A fuchsia triangle (S) will appear above the price bar, signaling a possible short entry.
Trend Detection:
Green Line: Indicates that the Parabolic SAR is below the price, suggesting an uptrend.
Red Line: Indicates that the Parabolic SAR is above the price, suggesting a downtrend.
Trend Reversal:
A trend reversal occurs when the Parabolic SAR switches positions relative to the price. This can be used to exit positions or enter positions in the opposite direction.
Customization:
Step Size: The step parameter controls how sensitive the Parabolic SAR is to price changes. A smaller step value (e.g., 0.01) makes the SAR less sensitive, while a larger step value (e.g., 0.05) makes it more sensitive.
Maximum: The maximum value defines the upper limit for the acceleration factor in the SAR calculation. A higher value allows the SAR to track the price more closely, while a lower value smooths the trend.
Visual Representation:
The Parabolic SAR line is plotted directly on the price chart as a solid line, using the appropriate colors (green or red) depending on the trend direction.
Long signals are indicated by small yellow triangles (L) below the price.
Short signals are indicated by small fuchsia triangles (S) above the price.
Usage Tips:
Combining with Other Indicators: While Parabolic SAR is a great tool for identifying trend direction, it may produce false signals in ranging or sideways markets. Combining this indicator with other trend confirmation tools, such as moving averages or the MACD, can improve its reliability.
Adjusting the Step and Maximum Values: In highly volatile markets, it might be useful to reduce the step value to avoid false signals. In more stable, trending markets, increasing the step value can make the SAR more responsive.
Position Management: Parabolic SAR can be used not only to enter trades but also to manage existing positions by acting as a trailing stop-loss. You can use the SAR value as a dynamic stop-loss level, adjusting it as the trend progresses.
Conclusion:
The Parabolic SAR Crosses_AIT indicator helps traders visually identify trend directions and possible trend reversals by plotting the Parabolic SAR directly on the price chart. With customizable settings for sensitivity and signals that indicate long or short positions, this indicator provides a clear and effective method to manage trades based on trend-following strategies.
Position Sizer by VolatilityDescription :
The **Position Sizer by Volatility (PSV)** is an indicator that helps traders determine what percentage of their deposit a position will occupy, taking into account the current market volatility. PSV calculates the range of price movements over recent periods and shows how large this movement is compared to historical data. The lower the value, the lower the volatility, and the smaller the stop-loss required relative to the current price.
Explanation of PSV Parameters:
- ` len ` (Period Length):** This parameter sets the number of candles (bars) on the chart that will be used to calculate volatility. For example, if `len` is set to 250, the indicator will analyze price movements over the last 250 bars. The larger the value, the longer the period used for volatility assessment.
- ` percent ` (Percentile):** This parameter determines how strong price fluctuations you want to account for. For instance, if you set `percent` to 95, the indicator will focus on the 5% of instances where the price range was the largest over the specified period. This helps evaluate volatility during periods of sharp price movements, which may require a larger stop-loss. A higher percentile accounts for rarer but stronger movements, and vice versa.
Bat Harmonic Pattern [TradingFinder] Bat Chart Indicator🔵 Introduction
The Bat Harmonic Pattern, created by Scott Carney in the 1990s, is a sophisticated tool in technical analysis, used to identify potential reversal points in price movements by leveraging Fibonacci ratios.
This pattern is classified into two primary types: the Bullish Bat Pattern, which signals the end of a downtrend and the beginning of an uptrend, and the Bearish Bat Pattern, which indicates the conclusion of an uptrend and the onset of a downtrend.
🟣 Bullish Bat Pattern
The Bullish Bat Pattern is designed to identify when a downtrend is likely to end and a new uptrend is about to begin. The key feature of this pattern is Point D, which typically aligns near the 88.6% Fibonacci retracement of the XA leg.
This point is considered a strong buy zone. When the price reaches Point D after a significant downtrend, it often indicates a potential reversal, presenting a buying opportunity for traders anticipating the start of an upward movement.
🟣 Bearish Bat Pattern
In contrast, the Bearish Bat Pattern forms when an uptrend is nearing its conclusion. Point D, which also typically aligns near the 88.6% Fibonacci retracement of the XA leg, serves as a critical point for traders.
This point is regarded as a strong sell zone, signaling that the uptrend may be ending, and a downtrend could be imminent. Traders often open short positions when they identify this pattern, aiming to capitalize on the anticipated downward movement.
🔵 How to Use
The Bat Pattern consists of five key points: X, A, B, C, and D, and four waves: XA, AB, BC, and CD. Fibonacci ratios play a crucial role in this pattern, helping traders pinpoint precise entry and exit points. In both the Bullish and Bearish Bat Patterns, the 88.6% retracement of the XA leg is a critical level for identifying potential reversal points.
🟣 Bullish Bat Pattern
Traders typically enter buy positions after Point D forms, expecting the downtrend to end and a new uptrend to start. This point, located near the 88.6% retracement of the XA leg, serves as a reliable buy signal.
🟣 Bearish Bat Pattern
Traders usually open short positions after identifying Point D, expecting the uptrend to end and a downtrend to begin. This point, also near the 88.6% retracement of the XA leg, acts as a valid sell signal.
🟣 Trading Tips for the Bat Pattern
Accurate Fibonacci Point Identification : Accurately identify Points X, A, B, C, and D, and calculate the Fibonacci ratios between these points. Point D should ideally be near the 88.6% retracement of the XA leg.
Signal Confirmation with Other Tools : To enhance the pattern's accuracy, avoid trading solely based on the Bat Pattern.
Risk Management : Always use stop-loss orders. In a Bullish Bat Pattern, place the stop-loss below Point X, and in a Bearish Bat Pattern, above Point X. This helps limit potential losses if the pattern fails.
Wait for Price Movement Confirmation : After identifying Point D, wait for the price to move in the anticipated direction to confirm the pattern's validity before entering a trade.
Set Realistic Profit Targets : Use Fibonacci retracement levels to set realistic profit targets, such as 38.2%, 50%, and 61.8% retracement levels of the CD leg. This strategy helps maximize profits and prevents premature exits.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The Bat Harmonic Pattern is a powerful tool in technical analysis, offering traders the ability to identify critical reversal points using Fibonacci ratios. By recognizing the Bullish and Bearish Bat Patterns, traders can anticipate potential trend reversals and make informed trading decisions.
However, it is essential to combine the Bat Pattern with other technical analysis tools and confirm signals for better trading outcomes. With proper use, this pattern can help traders minimize risk and optimize their entry and exit points in the market.
Three Drive Pattern Detector [LuxAlgo]The Three Drives Pattern Detector indicator focuses on detecting and displaying completed Three Drives patterns on the user chart. This harmonic pattern is characterized by successive higher highs / lower lows following specific ratios.
The script uses a multi-length swing detection approach, as well as adjusting ratios to ensure flexibility and a maximum number of visible Three Drives patterns.
🔶 USAGE
The bullish/bearish Three Drives pattern is commonly interpreted as a reversal pattern and is characterized by three extensions (drives) and two intermediary retracements creating consecutive higher lows (for a bullish case) or lower highs (for a bearish case).
The multi-length swing detection approach taken by the indicator allows for detecting shorter-term alongside medium/longer-term patterns simultaneously, allowing to increase in the amount of detected patterns.
Users can set a Minimum Swing length (for example 2) and a Maximum Swing length (for example 100) which defines the range of the swing point detection length, higher values for these settings will detect longer-term Three-Drives patterns, while a larger range will allow for the detection of a larger number of patterns.
Sometimes multiple dashed lines as the last segment can be observed. This means multiple Three Drives patterns sharing multiple swing points have formed, with only the last segment being different.
🔹 Retracement/Extension Ratios
The Three Drives pattern often associates the retracement/extension to Fibonacci ratios of respectively 0.618/1.272.
Some sources specify a maximum retracement/extension level of 0.786/1.618, which means the retracement should be within the 0.618-0.786 range and the extension between 1.272-1.618.
Since finding a pattern where the retracement/extension is precisely at the 0.618/1.272 levels, or even between 0.618-0.786/1.272-1.618 is rare, the script allows users to adjust those ratios, which ensures more flexibility. Depending on the widening/tightening of the ratios, allowing users to find more patterns (but potentially less valid) or more valid (but fewer patterns).
In the example above, " Show Ratios " is set to " Ratios With Margin ", showing the ideal retracement/extension level together with the margin, while in the example below, " Show Ratios " is set to " Ratios ", which shows only a line where the price should ideally reverse.
While setting the ratios wider will result in more frequent but less valid patterns, it can also create good trading opportunities.
🔹 Best Practices
The indicator doesn't include Stop Loss (SL) or Take Profit (TP) levels, however, the 1.618 Fibonacci Extension level of the last leg can commonly be used as stop loss.
Typical Take Profit areas include:
Starting point of the pattern
Each retracement level (2x)
The 0.618 retracement level of the complete pattern
In the above bullish examples, the price was lower than the lowest point of the pattern. The price reversed and attained all TP levels without hitting the SL level.
In the above bearish example, the price went above the highest point of the pattern but did not hit the SL level, after which two TP levels were hit. Then, the price quickly went up, just missing the SL level before it came back down again, hitting the last 2 TP levels.
This example shows that other Fibonacci levels an also be effective when combined with the Three Drives pattern, even in the longer term.
🔶 DETAILS
🔹 Multi Length
The core of this publication is the multi-length swing detection. To ensure the maximum amount of Three Drives patterns are found, up to 99 different swing length periods can be used to detect swing points which are then tested for valid patterns.
Using a wider variety of swing points also ensures that patterns visible only with specific Swing settings can be found on the same chart without the user needing to constantly adjust the Swing settings to find other patterns.
The user only needs to set the desired minimum and maximum Swing Length.
In this case, swing detection using swing Lengths from 3 to 100 (97 different) are computed and evaluated for patterns. Three different patterns were found on the same chart, with swing lengths 3, 4, and 6.
Note: The Maximum Swing length should be equal to or higher than the Minimum Swing Length . If the maximum value is lower than the minimum, the script will automatically take the minimum value as the maximum to prevent errors.
🔹 Width Margin %
Users can filter out patterns based on the duration of each extension/retracement segment. When the users want segments of the detected patterns to be of a similar duration, the width percentage should be set lower. When the focus is on detecting more patterns the width percentage can be set higher.
🔹 Retracement/Extension Settings
Show Ratios , set to Ratios , show the ideal Fibonacci retracement/extension level, while Ratios With Margin (example below) show the additional margins for retracement/extension.
The upper and lower limits can be visualized while hovering over the calculated ratio label.
The dashed line shows an older pattern, where the last leg has been updated.
🔹 Last Known Pattern
The included dashboard highlights the date of the most recently detected pattern; the text will show " None " if no pattern is found.
🔹 Calculated Bars
The "Calculated Bars" setting makes use of the recently introduced calc_bars_count parameter, making it possible to effectively reduce the number of historical bars during the computation of the script, which significantly improves the loading speed of the script.
Users wishing to see the most recent patterns can set this setting to 1000 for example, where only the most recent 1000 bars are used to find patterns. If every bar must be used for pattern detection, set " Calculated bars " at 0.
🔶 SETTINGS
Minimum Swing Length: Minimum length used for the swing detection.
Maximum Swing Length: Maximum length used for the swing detection.
Retracement: Range of required ratios used for testing retracements.
Extension: Range of required ratios used for testing extensions.
Width Margin: Influences the symmetry of the pattern; with a higher number allowing for less symmetry.
🔹 Style
Text Size: Text size of the ratio labels.
Show Ratios: Show the ideal ratio, upper/lower limit of ratios, or none.
🔹 Dashboard
Show Dashboard: Toggle dashboard which shows the date of the last found pattern.
Location: Location of the dashboard on the chart.
Size: Text size.
🔹 Calculation
Calculated Bars: Allows the usage of fewer bars for performance/speed improvement.
ADR (Log Scale) with MTF LabelsHere's a detailed presentation of the Average Daily Range (ADR) indicator, with a focus on its advantages compared to the classic ADR, its unique features, utility, and interpretation:
Advantages Compared to Classic ADR
1. Logarithmic Scale: Unlike the classic ADR, which uses a linear scale, this version uses a logarithmic scale for calculations. This approach provides a more accurate representation of relative price movements, especially for assets with large price ranges.
2. Multi-Timeframe Analysis: This enhanced ADR indicator allows traders to view daily, weekly, and monthly ADRs simultaneously. This multi-timeframe capability helps traders understand volatility trends over different periods, offering a more comprehensive market analysis.
3. Optional Smoothing: The inclusion of an optional smoothing feature (using Exponential Moving Average, EMA) helps reduce noise in the data. This makes the indicator more reliable by filtering out short-term fluctuations and highlighting the underlying volatility trend.
4. Information Display Labels: The indicator includes labels that display precise ADR values for each timeframe directly on the chart. This feature provides immediate, clear insights without requiring additional calculations or references.
Utility of the Indicator
1. Volatility Analysis: The ADR indicator is essential for assessing market volatility. By showing the average daily price range, it helps traders gauge how much an asset typically moves within a day, week, or month.
2. Risk Management: ADR levels can be used to set stop-loss points, improving risk management strategies. Knowing the average range helps traders avoid setting stops too close to the current price, which might otherwise be triggered by normal market fluctuations.
3. Setting Realistic Targets: By understanding the average daily range, traders can set more realistic profit targets. This helps in avoiding over-ambitious goals that are unlikely to be reached within the typical market movement.
4. Identifying Entry and Exit Points: The ADR can signal potential entry and exit points. For example, if the price approaches the upper or lower ADR boundary, it might indicate an overbought or oversold condition, respectively.
Interpretation and Examples
1. Increasing Volatility: If the ADR is increasing, it indicates rising market volatility. Traders might adjust their strategies accordingly, such as widening their stop-losses to accommodate larger price swings.
2. Range Breakout: If the price significantly exceeds the daily ADR, it may signal a strong trend or exceptional market movement. Traders can use this information to stay in the trade longer or to anticipate a potential reversal.
3. Mean Reversion: Prices often revert to the ADR mean. A trader might consider mean reversion trades when the price approaches the extremes of the ADR range, expecting it to move back towards the average.
4. Multi-Timeframe Comparison: If the daily ADR is higher than the weekly ADR, it may indicate unusually high short-term volatility. This can be a signal for traders to be cautious or to capitalize on the increased movement.
While the ADR indicator provides valuable insights into market volatility and can significantly enhance trading strategies, it is essential to remember that no indicator is foolproof. Market conditions can change rapidly, and past performance is not always indicative of future results. Traders should use the ADR indicator in conjunction with other tools and follow sound risk management practices to protect their capital.
The Magic LineThis script is based on the simple 2 or 3 candle entry model taught by Armando "The Professor".
This strategy will work best on the 1hr timeframe or higher and you can also add a MA on your chart to identify direction of trend and trade with the trend. For example, if price is above the 50 SMA, you can opt to only look for 'buy' signals. If price is below the 50 SMA, you can opt to only look for 'sell' signals.
The default setting is to wait for 3 consecutive candles of either bullish or bearish sentiment before printing a buy or sell signal. This can be changed to any number you would like but typically 3 works best, as long as you're using the 1hr timeframe or higher.
Ex: If there are 3 green (bullish) candles print in a row, a 'sell' signal will print, and the entry line will be one tick below the open of the previous green candle. You can use that line as your entry.
For your stop loss, you can try to use the most recent swing high (for sells) or swing low (for buys). You can also use nearby support/resistance levels, or even the PSAR as another way to determine your stop loss.
If there are more than 3 consecutive candles with the same sentiment, signals will continue to print until the streak ends at which point the counter will restart, and the idea is to take the most recent signal as your entry. Limit/Stop entries work best as you can just let price come down to the signal line that is drawn.
Comment below if you have any questions! Good luck!
Simple Risk-to-Reward Multiplier A simple R/R indicator that allows you to input your entry price and stop loss (in ticks). Then, your take profit levels are R-multipliers based on your stop loss. You can have up to 5 take profit levels on your chart. There is also a function to indicate if it is a long or short setup. You can also set alerts with this script, allowing you the ability not to have to stare at the charts all day.
HMA Crossover 1H with RSI, Stochastic RSI, and Trailing StopThe strategy script provided is a trading algorithm designed to help traders make informed buy and sell decisions based on certain technical indicators. Here’s a breakdown of what each part of the script does and how the strategy works:
Key Components:
Hull Moving Averages (HMA):
HMA 5: This is a Hull Moving Average calculated over 5 periods. HMAs are used to smooth out price data and identify trends more quickly than traditional moving averages.
HMA 20: This is another HMA but calculated over 20 periods, providing a broader view of the trend.
Relative Strength Index (RSI):
RSI 14: This is a momentum oscillator that measures the speed and change of price movements over a 14-period timeframe. It helps identify overbought or oversold conditions in the market.
Stochastic RSI:
%K: This is the main line of the Stochastic RSI, which combines the RSI and the Stochastic Oscillator to provide a more sensitive measure of overbought and oversold conditions. It is smoothed with a 3-period simple moving average.
Trading Signals:
Buy Signal:
Generated when the 5-period HMA crosses above the 20-period HMA, indicating a potential upward trend.
Additionally, the RSI must be below 45, suggesting that the market is not overbought.
The Stochastic RSI %K must also be below 39, confirming the oversold condition.
Sell Signal:
Generated when the 5-period HMA crosses below the 20-period HMA, indicating a potential downward trend.
The RSI must be above 60, suggesting that the market is not oversold.
The Stochastic RSI %K must also be above 63, confirming the overbought condition.
Trailing Stop Loss:
This feature helps protect profits by automatically selling the position if the price moves against the trade by 5%.
For sell positions, an additional trailing stop of 100 points is included.
EMA Scalping StrategyEMA Slope Indicator Overview:
The indicator plots two exponential moving averages (EMAs) on the chart: a 9-period EMA and a 15-period EMA.
It visually represents the EMAs on the chart and highlights instances where the slope of each EMA exceeds a certain threshold (approximately 30 degrees).
Scalping Strategy:
Using the EMA Slope Indicator on a 5-minute timeframe for scalping can be effective, but it requires adjustments to account for the shorter time horizon.
Trend Identification: Look for instances where the 9-period EMA is above the 15-period EMA. This indicates an uptrend. Conversely, if the 9-period EMA is below the 15-period EMA, it suggests a downtrend.
Slope Analysis: Pay attention to the slope of each EMA. When the slope of both EMAs is steep (exceeds 30 degrees), it signals a strong trend. This can be a favorable condition for scalping as it suggests potential momentum.
Entry Points:
For Long (Buy) Positions: Consider entering a long position when both EMAs are sloping upwards strongly (exceeding 30 degrees) and the 9-period EMA is above the 15-period EMA. Look for entry points when price retraces to the EMAs or when there's a bullish candlestick pattern.
For Short (Sell) Positions: Look for opportunities to enter short positions when both EMAs are sloping downwards strongly (exceeding -30 degrees) and the 9-period EMA is below the 15-period EMA. Similar to long positions, consider entering on retracements or bearish candlestick patterns.
Exit Strategy: Use tight stop-loss orders to manage risk, and aim for small, quick profits. Since scalping involves short-term trading, consider exiting positions when the momentum starts to weaken or when the price reaches a predetermined profit target.
Risk Management:
Scalping involves high-frequency trading with smaller profit targets, so it's crucial to implement strict risk management practices. This includes setting stop-loss orders to limit potential losses and not risking more than a small percentage of your trading capital on each trade.
Backtesting and Optimization:
Before implementing the strategy in live trading, backtest it on historical data to assess its performance under various market conditions. You may also consider optimizing the strategy parameters (e.g., EMA lengths) to maximize its effectiveness.
Continuous Monitoring:
Keep a close eye on market conditions and adjust your strategy accordingly. Market dynamics can change rapidly, so adaptability is key to successful scalping.
Equity CurveAn equity curve is a graphical representation of the change in the value of a trading account over a time period. The equity curve is a direct reflection of a trading strategy's effectiveness. A consistently upward-trending equity curve indicates a successful strategy, while a flat or declining curve may signal the need for adjustment.
This indicator takes traders daily account values as a comma separated list, and creates an equity curve and simple moving average of the equity curve. This serves as a mirror reflecting the outcome of past actions and decisions, guiding traders in fine-tuning their strategies, managing risk more effectively, and ultimately striving towards a consistently profitable trading journey.
New equity values should be added to the end of the current list. A space or no space after the comma has no effect.
Importance of the Equity Curve
Strategy Evaluation: The equity curve is a direct reflection of a trading strategy's effectiveness over time. A consistently upward-trending equity curve indicates a successful strategy, while a flat or declining curve may signal the need for adjustment.
Risk Management: Monitoring the equity curve helps traders to see the impact of their risk management practices. Sudden drops in equity could highlight instances of excessive risk-taking or inadequate stop-loss settings.
Performance Benchmarks: Comparing the equity curve against benchmarks or desired performance goals allows traders to assess if they are meeting, exceeding, or falling short of their trading objectives.
Psychology: Trading is as much about psychology as it is about strategy. A visual representation of one's equity curve helps maintain discipline, encouraging adherence to a trading plan during downturns and preventing overconfidence during upswings.
Having this data visually allows traders to see which category of trader they fall into.
Unprofitable
Boom or Bust
Profitable
Statistical Data
The indicator not only plots the equity curve and moving average, but includes the option to display the highest value reached by the equity curve, the percentage difference from the peak, and performance over selected periods (All Time, YTD, QTD, MTD, WTD).
Historical Analysis
The Equity Curve Indicator is not just a tool for real-time monitoring of trading performance; it also serves as a powerful instrument for conducting historical analysis. By analyzing the equity curve in conjunction with historical market conditions, traders can identify patterns or triggers that resulted in significant gains or losses.
For example, the chart below shows the equity curve overlaid on periods of net new highs / lows. The equity curve experienced declines while the market was showing net new lows or choppy periods (represented by a red or white background), while most of the equity gains were made while net new highs were present (green background).
This retrospective analysis helps in understanding how different market conditions impact trading strategies and performance.
Trading the Equity Curve
All trading strategies produce an equity curve that has winning and losing periods. In the example above, the trader could introduce a simple rule to lighten up on long positions or move to cash during periods of net new lows.
Another simple rule could be introduced to stop trading if the equity curve falls below the moving average, until favorable market conditions return again.
This indicator is intended to be used on the daily timeframe.
NASDAQ 100 Peak Hours StrategyNASDAQ 100 Peak Hours Trading Strategy
Description
Our NASDAQ 100 Peak Hours Trading Strategy leverages a carefully designed algorithm to trade within specific hours of high market activity, particularly focusing on the first two hours of the trading session from 09:30 AM to 11:30 AM GMT-5. This period is identified for its increased volatility and liquidity, offering numerous trading opportunities.
The strategy incorporates a blend of technical indicators to identify entry and exit points for both long and short positions. These indicators include:
Exponential Moving Averages (EMAs) : A short-term 9-period EMA and a longer-term 21-period EMA to determine the market trend and momentum.
Relative Strength Index (RSI) : A 14-period RSI to gauge the market's momentum.
Average True Range (ATR) : A 14-period ATR to assess market volatility and to set dynamic stop losses and trailing stops.
Volume Weighted Average Price (VWAP) : To identify the market's average price weighted by volume, serving as a benchmark for the trading day.
Our strategy uniquely applies a volatility filter using the ATR, ensuring trades are only executed in conditions that favor our setup. Additionally, we consider the direction of the EMAs to confirm the market's trend before entering trades.
Originality and Usefulness
This strategy stands out by combining these indicators within the NASDAQ 100's peak hours, exploiting the specific market conditions that prevail during these times. The inclusion of a volatility filter and dynamic stop-loss mechanisms based on the ATR provides a robust method for managing risk.
By focusing on the early trading hours, the strategy aims to capture the initial market movements driven by overnight news and the opening rush, often characterized by higher volatility. This approach is particularly useful for traders looking to maximize gains from short-term fluctuations while limiting exposure to longer-term market uncertainty.
Strategy Results
To ensure the strategy's effectiveness and reliability, it has undergone rigorous backtesting over a significant dataset to produce a sample size of more than 100 trades. This testing phase helps in identifying the strategy's potential in various market conditions, its consistency, and its risk-to-reward ratio.
Our backtesting adheres to realistic trading conditions, accounting for slippage and commission to reflect actual trading scenarios accurately. The strategy is designed with a conservative approach to risk management, advising not to risk more than 5-10% of equity on a single trade. The default settings in the script align with these principles, ensuring that users can replicate our tested conditions.
Using the Strategy
The strategy is designed for simplicity and ease of use:
Trade Hours : Focuses on 09:30 AM to 11:30 AM GMT-5, during the NASDAQ 100's peak activity hours.
Entry Conditions : Trades are initiated based on the alignment of EMAs, RSI, VWAP, and the ATR's volatility filter within the designated time frame.
Exit Conditions : Includes dynamic trailing stops based on ATR, a predefined time exit strategy, and a trend reversal exit condition for risk management.
This script is a powerful tool for traders looking to leverage the NASDAQ 100's peak hours, providing a structured approach to navigating the early market hours with a robust set of criteria for making informed trading decisions.
