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Anti-Volume Stop Loss multi timeframe [LM]Hello Traders, I would like to introduce you fork of popular indicator Anti-Volume Stop Loss created by Buff Dormeier and cracked here on tradingview by @Rafka so shout out to him. I have tried to crack it myself as well as I'm big fan of Dormeier's work but it's not easy so really big thanks to Rafka I have refactored original script and have included multi timeframe setting. As its shown below you can select higher timeframe to track lower one: Enjoy!
Pine Script®指標
由lmatl提供
3
Bitlinc MARSI Study AST w/ Take Profit & Stop loss - beta 0.1This script is beta 0.1 - will update as soon as the script is tradable This script is based on AST on a 10 minute timeframe. You can change the asset and the timeframe for any asset you want to trade, but for it to work correct ALL settings have to be testes in the Strategy section of the TradingView. Each assets and timeframe require a different mixture of settings. This is NOT a one settings fits all trading for all assets on any timeframe. Below are the settings and explanation on how it works. How it fires a buy / sell: The script will plot an RSI with upper and lower bands in a separate indicator window. The idea behind this script is to fire a LONG when MA crosses OVER lower band and fire a SHORT when the MA crosses under the lower band. Each order that fires is an OCO (Order Cancels Order) for pyramiding. Settings: You have full control of these settings as mentioned above, you must configure every part of this script for each asset and timeframe you trade. - Length of MA - Length - Upper bands of RSI - Lower bands of RSI - Take profit percentage - Stop loss percentage - Month to start and end the strategy (within 2020) - Day to start and end the strategy (within 2020) - Quantity type - Slippage - Pyramiding ***Remember that after the signal to enter or exit a trade is fired, the alert will trigger AFTER the close of the candle that caused the tigger to fire
Pine Script®策略
由Charts_and_Such_1提供
2
Moving Stop Loss (Most) by ceyhunATR is an indicator that has been removed and replaced with a moving average.Bar colors and infopanel have been added. //Barcolor Green = ExMov > Most and close > Most and low > Most Blue = ExMov > Most and close > Most and low < Most Red = Most > ExMov and close < Most and high < Most Yellow = Most > ExMov and close < Most and high > Most //It gives White color where there is deterioration. //InfoPanel Buy Price = Blue draws the circles at the purchase price. Profit Long>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish. Sell Price = Red draws the circles at the purchase price. Profit Short>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish. ==Atr Original Code== CDC ATR Trailing Stop V2.1 (2013) ==Most Code== MOST by Anıl ÖZEKŞİ Barcolor Barcolor
Pine Script®指標
由ceyhun提供
19
ATR Pips with Stop LossThis indicator shares ATR pips and a calculated 1.5 x stop loss calculation. 1st number is ATR. 2nd number is ATR x 1.5 (a typical SL when trading daily time frame). The plot lines are really not that important- it's the actual numbers. What I do is uncheck the plot line checkboxes (ATR & SL) so it doesn't show up, that way I can reduce the indicator window. This script is a modified script by ATR Pips . Kept the BB section for now as it might be useful, but doubt it. Future updates: - editable the multiple for SL - static daily numbers (right now this shows the timeframe you are viewing, I'd keep that but add a static daily ATR so you have both)
Pine Script®指標
由RexDogActual提供
2
poki buy and sell Take profit and stop lossThis indicator is based on modelius model of lazy bear weis model with ATR for the buy=B sell =S in addition there is Take profit and stop loss in % both for short and for long next stage is to know the resistance level and support based on bollinger marked in blue and red dots Also included Parabolic Sar (blue and red dots rising up or down) The color of bulish or bearish zone is based on the cross of Hull avreage and linear regression ( for each time set may need different setting for accuracy ) So how to use this scrupt to better profit 1. if you have B signal and its on lower support level then its good starting place for buy. look at the Parabolic Sar if its in agreement. The exit can be either by S =sell, Take profit that you decide on % or by end of Parabolic SAR upward 2. exact the oposite for short Play with setting for the desired results or change modify this script for your purpose
Pine Script®指標
由RafaelZioni提供
16
HA EMA Cross MTF Strategy + ATR SL/TP + Visuals📜 Strategy Description: HA EMA Cross MTF Strategy + ATR SL/TP + Visuals Hello Traders, This is a multi-timeframe, Heikin Ashi-based trend-following strategy that integrates EMA crossovers and ATR-driven exits. The goal is to filter out noise, confirm directional bias using higher timeframe structure, and manage risk through volatility-adaptive exits. 🔍 How the Strategy Works * Heikin Ashi candles help smooth out minor price fluctuations, allowing for clearer trend detection. * A Fast EMA crossing above or below a Slow EMA determines the local trend bias. * A Higher Timeframe Heikin Ashi confirmation is used to validate entries only when both timeframes agree in direction. * Session filters can restrict trading to custom hours (e.g., U.S. market open). ⚙️ Risk Management Features This strategy includes optional ATR-based Stop-Loss and Take-Profit logic, designed to adapt dynamically to market volatility: * ATR Stop-Loss: Based on a user-defined multiplier (default: 1.5×ATR) * ATR Take-Profit: Based on a separate multiplier (default: 2.5×ATR) * Users can toggle this logic on/off and customize ATR length and multipliers in the settings. 📊 Visual Aids Included To help understand market behavior and trade execution visually, the script includes: * Entry arrows (long and short) * Real-time Fast EMA / Slow EMA overlays * Stop-Loss / Take-Profit level plots * Optional Heikin Ashi Close line for trend visualization 🔧 Customization Parameters Users can adjust: * EMA periods (fast and slow) * ATR period and multipliers for SL/TP * Session time filters * Higher timeframe input * Toggle ATR logic and visual overlays 🧪 Backtest Defaults (for reference only) * Initial Capital: $10,000 * Order Size: 100% of equity * Slippage: 1 tick * Commission: 0.075% * Recommended Timeframe: 1H or 15min * Minimum Trades Suggested: 100+ * All these values can be adjusted in the strategy settings panel. ⚠️ Disclaimer This strategy is provided for educational and research purposes only. It does not constitute financial advice, nor does it guarantee future performance. Please forward-test and adapt to your own risk tolerance before using in live trading. This strategy is fully open-source and editable. Feel free to customize it for your use case and timeframes.
Pine Script®策略
由AIScripts提供
ProfitView Strategy TemplateHello traders, This script took me a full week of coding/testing, sweat, and tears - and I’m too nice as I’m giving it for free to the community. If you're tired of manual trading and looking for a solid strategy template to pair with your indicators, look no further. This Pine Script v5 strategy template is engineered for maximum customization and risk management. Best part? This Pine Script v5 template facilitates the dynamic construction of ProfitView alerts, sparing users the time and effort of mastering the ProfitView syntax and manually creating alert commands. This powerful tool gives much power to those who don't know how to code in Pinescript and want to automate their indicators' signals via the ProfitView Chrome extension. IMPORTANT NOTES ProfitView is a trading bot software that forwards TradingView alerts to your brokers (examples: Binance, Oanda, Coinbase, Bybit, etc.) for automating trading. Many traders don't know how to dynamically create ProfitView-compatible alerts using the data from their TradingView scripts. Traders using trading bots want their alerts to reflect the stop-loss/take-profit/trailing-stop/stop-loss to break options from your script and then create the orders accordingly. This script showcases how to create ProfitView alerts dynamically. TRADINGVIEW ALERTS 1) You'll have to create one alert per asset X timeframe = 1 chart. Example: 1 alert for EUR/USD on the 5 minutes chart, 1 alert for EUR/USD on the 15-minute chart (assuming you want your bot to trade the EUR/USD on the 5 and 15-minute timeframes) 2) Select the Order fills and alert() function calls condition 3) For each alert, the alert message is pre-configured with the text below {{strategy.order.alert_message}} Please leave it as it is. It's a TradingView native variable that will fetch the alert text messages built by the script. 4) ProfitView doesn't use webhook technology, so setting a webhook URL from the alerts notifications tab is unnecessary. KEY FEATURES I) Modular Indicator Connection * plug your existing indicator into the template. * Only two lines of code are needed for full compatibility. Step 1: Create your connector Adapt your indicator with only 2 lines of code and then connect it to this strategy template. To do so: 1) Find in your indicator where the conditions print the long/buy and short/sell signals. 2) Create an additional plot as below I'm giving an example with a Two moving averages cross. Please replicate the same methodology for your indicator, whether a MACD , ZigZag, Pivots , higher-highs, lower-lows or whatever indicator with clear buy and sell conditions. //@version=5 indicator("Supertrend", overlay = true, timeframe = "", timeframe_gaps = true) atrPeriod = input.int(10, "ATR Length", minval = 1) factor = input.float(3.0, "Factor", minval = 0.01, step = 0.01) = ta.supertrend(factor, atrPeriod) supertrend := barstate.isfirst ? na : supertrend bodyMiddle = plot(barstate.isfirst ? na : (open + close) / 2, display = display.none) upTrend = plot(direction &lt; 0 ? supertrend : na, "Up Trend", color = color.green, style = plot.style_linebr) downTrend = plot(direction &lt; 0 ? na : supertrend, "Down Trend", color = color.red, style = plot.style_linebr) fill(bodyMiddle, upTrend, color.new(color.green, 90), fillgaps = false) fill(bodyMiddle, downTrend, color.new(color.red, 90), fillgaps = false) buy = ta.crossunder(direction, 0) sell = ta.crossunder(direction, 0) //////// CONNECTOR SECTION //////// Signal = buy ? 1 : sell ? -1 : 0 plot(Signal, title = "Signal", display = display.data_window) //////// CONNECTOR SECTION //////// Important Notes 🔥 The Strategy Template expects the value to be exactly 1 for the bullish signal and -1 for the bearish signal Now, you can connect your indicator to the Strategy Template using the method below or that one. Step 2: Connect the connector 1) Add your updated indicator to a TradingView chart 2) Add the Strategy Template as well to the SAME chart 3) Open the Strategy Template settings, and in the Data Source field, select your 🔌Connector🔌 (which comes from your indicator) Note it doesn’t have to be named 🔌Connector🔌 - you can name it as you want - however, I recommend an explicit name you can easily remember. From then, you should start seeing the signals and plenty of other stuff on your chart. 🔥 Note that whenever you update your indicator values, the strategy statistics and visuals on your chart will update in real-time II) BOT Risk Management: - Max Drawdown: Mode: Select whether the max drawdown is calculated in percentage (%) or USD. Value: If the max drawdown reaches this specified value, set a value to halt the bot. - Max Consecutive Days: Use Max Consecutive Days BOT Halt: Enable/Disable halting the bot if the max consecutive losing days value is reached. - Max Consecutive Days: Set the maximum number of consecutive losing days allowed before halting the bot. - Max Losing Streak: Use Max Losing Streak: Enable/Disable a feature to prevent the bot from taking too many losses in a row. - Max Losing Streak Length: Set the maximum length of a losing streak allowed. Margin Call: - Use Margin Call: Enable/Disable a feature to exit when a specified percentage away from a margin call to prevent it. Margin Call (%): Set the percentage value to trigger this feature. - Close BOT Total Loss: Use Close BOT Total Loss: Enable/Disable a feature to close all trades and halt the bot if the total loss is reached. - Total Loss ($): Set the total loss value in USD to trigger this feature. Intraday BOT Risk Management: - Intraday Losses: Use Intraday Losses BOT Halt: Enable/Disable halting the bot on reaching specified intraday losses. Mode: Select whether the intraday loss is calculated in percentage (%) or USD. - Max Intraday Losses (%): Set the value for maximum intraday losses. Limit Intraday Trades: - Use Limit Intraday Trades: Enable/Disable a feature to limit the number of intraday trades. - Max Intraday Trades: Set the maximum number of intraday trades allowed. Restart Intraday EA: - Use Restart Intraday EA: Enable/Disable a feature to restart the bot at the first bar of the next day if it has been stopped with an intraday risk management safeguard. III) Order Types and Position Sizing - Choose between market, limit, or stop orders. - Set your position size directly in the template. Please use the position size from the “Inputs” and not the “Properties” tab. I know it's redundant. - the template needs this value from the "Inputs" tab to build the alerts, and the Backtester needs it from the "Properties" tab. IV) Advanced Take-Profit and Stop-Loss Options - Choose to set your SL/TP in either pips or percentages. - Option for multiple take-profit levels and trailing stop losses. - Move your stop loss to break even +/- offset in pips for “risk-free” trades. V) Miscellaneous Retry order openings if they fail. Order Types: Select and specify order type and price settings. Position Size: Define the type and size of positions. Leverage: Leverage settings, including margin type and hedge mode. Session: Limit trades to specific sessions. Dates: Limit trades to a specific date range. Trades Direction: Direction: Specify the market direction for opening positions. VI) Notifications (Telegram/Discord/Email/IFTTT/Twilio/SMS) Customize notifications sent to Telegram, Discord, Email, IFTTT, Twilio, and ProfitView Logger. VII) Logger The ProfitView commands are logged in the TradingView logger. You'll find more information about it in this TradingView blog post . WHY YOU MIGHT NEED THIS TEMPLATE 1) Transform your indicator into a ProfitView trading bot more easily than before Connect your indicator to the template Create your alerts Set your EA settings 2) Save Time Auto-generated alert messages for ProfitView. I tested them all and checked with the support team what could/couldn’t be done. 3) Be in Control Manage your trading risks with advanced features. 4) Customizable Fits various trading styles and asset classes. REQUIREMENTS * Make sure you have your ProfitView account and do the settings correctly in your Chrome extension. If you don't know how to do it, read the documentation + ask for help in the ProfitView Discord support channel. * If there is any issue with the template, ask me in the comments section - I’ll answer quickly. BACKTEST RESULTS FROM THIS POST 1) I connected this strategy template to a dummy Supertrend script. I could have selected any other indicator or concept for this script post. I wanted to share an example of how you can quickly upgrade your strategy, making it compatible with ProfitView. 2) The backtest results aren't relevant for this educational script publication. I used realistic backtesting data but didn't look too much into optimizing the results, as this isn't the point of why I'm publishing this script.
This strategy is a template to be connected to any indicator - the sky is the limit. :) 3) This template is made to take 1 trade per direction at any given time. Pyramiding is set to 1 on TradingView. The strategy default settings are: * Initial Capital: 100000 USD * Position Size: 1% * Commission Percent: 0.075% * Slippage: 1 tick * No margin/leverage used Best regards, Dave
Pine Script®策略
由Daveatt提供
TradingView.To Strategy Template (with Dyanmic Alerts)Hello traders, If you're tired of manual trading and looking for a solid strategy template to pair with your indicators, look no further. This Pine Script v5 strategy template is engineered for maximum customization and risk management. Best part? This Pine Script v5 template facilitates the dynamic construction of TradingView.TO alerts, sparing users the time and effort of mastering the TradingView.TO syntax and manually create alert commands. This powerful tool gives much power to those who don't know how to code in Pinescript and want to automate their indicators' signals via TradingView.TO bot. IMPORTANT NOTES TradingView.TO is a trading bot software that forwards TradingView alerts to your brokers (examples: Binance, Oanda, Coinbase, Bybit, Metatrader 4/5, ...) for automating trading. Many traders don't know how to create TradingView.TO dynamically-compatible alerts using the data from their TradingView scripts. Traders using trading bots want their alerts to reflect the stop-loss/take-profit/trailing-stop/stop-loss to break options from your script and then create the orders accordingly. This script showcases how to create TradingView.TO alerts dynamically. TRADINGVIEW ALERTS 1) You'll have to create one alert per asset X timeframe = 1 chart. Example: 1 alert for BTC/USDT on the 5 minutes chart, 1 alert for BTC/USDT on the 15-minute chart (assuming you want your bot to trade the BTC/USDT on the 5 and 15-minute timeframes) 2) Select the Order fills and alert() function calls condition 3) For each alert, the alert message is pre-configured with the text below {{strategy.order.alert_message}} Please leave it as it is. It's a TradingView native variable that will fetch the alert text messages built by the script. 4) TradingView.TO uses webhook technology - setting a webhook URL from the alerts notifications tab is required. KEY FEATURES I) Modular Indicator Connection * plug your existing indicator into the template. * Only two lines of code are needed for full compatibility. Step 1: Create your connector Adapt your indicator with only 2 lines of code and then connect it to this strategy template. To do so: 1) Find in your indicator where the conditions print the long/buy and short/sell signals. 2) Create an additional plot as below I'm giving an example with a Two moving averages cross. Please replicate the same methodology for your indicator, whether a MACD , ZigZag, Pivots , higher-highs, lower-lows or whatever indicator with clear buy and sell conditions. //@version=5 indicator("Supertrend", overlay = true, timeframe = "", timeframe_gaps = true) atrPeriod = input.int(10, "ATR Length", minval = 1) factor = input.float(3.0, "Factor", minval = 0.01, step = 0.01) = ta.supertrend(factor, atrPeriod) supertrend := barstate.isfirst ? na : supertrend bodyMiddle = plot(barstate.isfirst ? na : (open + close) / 2, display = display.none) upTrend = plot(direction &lt; 0 ? supertrend : na, "Up Trend", color = color.green, style = plot.style_linebr) downTrend = plot(direction &lt; 0 ? na : supertrend, "Down Trend", color = color.red, style = plot.style_linebr) fill(bodyMiddle, upTrend, color.new(color.green, 90), fillgaps = false) fill(bodyMiddle, downTrend, color.new(color.red, 90), fillgaps = false) buy = ta.crossunder(direction, 0) sell = ta.crossunder(direction, 0) //////// CONNECTOR SECTION //////// Signal = buy ? 1 : sell ? -1 : 0 plot(Signal, title = "Signal", display = display.data_window) //////// CONNECTOR SECTION //////// Important Notes 🔥 The Strategy Template expects the value to be exactly 1 for the bullish signal and -1 for the bearish signal Now, you can connect your indicator to the Strategy Template using the method below or that one. Step 2: Connect the connector 1) Add your updated indicator to a TradingView chart 2) Add the Strategy Template as well to the SAME chart 3) Open the Strategy Template settings, and in the Data Source field, select your 🔌Connector🔌 (which comes from your indicator) Note it doesn’t have to be named 🔌Connector🔌 - you can name it as you want - however, I recommend an explicit name you can easily remember. From then, you should start seeing the signals and plenty of other stuff on your chart. 🔥 Note that whenever you update your indicator values, the strategy statistics and visuals on your chart will update in real-time II) BOT Risk Management: - Max Drawdown: Mode: Select whether the max drawdown is calculated in percentage (%) or USD. Value: If the max drawdown reaches this specified value, set a value to halt the bot. - Max Consecutive Days: Use Max Consecutive Days BOT Halt: Enable/Disable halting the bot if the max consecutive losing days value is reached. - Max Consecutive Days: Set the maximum number of consecutive losing days allowed before halting the bot. - Max Losing Streak: Use Max Losing Streak: Enable/Disable a feature to prevent the bot from taking too many losses in a row. - Max Losing Streak Length: Set the maximum length of a losing streak allowed. Margin Call: - Use Margin Call: Enable/Disable a feature to exit when a specified percentage away from a margin call to prevent it. Margin Call (%): Set the percentage value to trigger this feature. - Close BOT Total Loss: Use Close BOT Total Loss: Enable/Disable a feature to close all trades and halt the bot if the total loss is reached. - Total Loss ($): Set the total loss value in USD to trigger this feature. Intraday BOT Risk Management: - Intraday Losses: Use Intraday Losses BOT Halt: Enable/Disable halting the bot on reaching specified intraday losses. Mode: Select whether the intraday loss is calculated in percentage (%) or USD. - Max Intraday Losses (%): Set the value for maximum intraday losses. Limit Intraday Trades: - Use Limit Intraday Trades: Enable/Disable a feature to limit the number of intraday trades. - Max Intraday Trades: Set the maximum number of intraday trades allowed. Restart Intraday EA: III) Order Types and Position Sizing - Choose between market or limit orders. - Set your position size directly in the template. Please use the position size from the “Inputs” and not the “Properties” tab. I know it's redundant. - the template needs this value from the "Inputs" tab to build the alerts, and the Backtester needs it from the "Properties" tab. IV) Advanced Take-Profit and Stop-Loss Options - Choose to set your SL/TP in either USD or percentages. - Option for multiple take-profit levels and trailing stop losses. - Move your stop loss to break even +/- offset in USD for “risk-free” trades. V) Miscellaneous: Retry order openings if they fail. Order Types: Select and specify order type and price settings. Position Size: Define the type and size of positions. Leverage: Leverage settings, including margin type and hedge mode. Session: Limit trades to specific sessions. Dates: Limit trades to a specific date range. Trades Direction: Direction: Specify the market direction for opening positions. VI) Logger The TradingView.TO commands are logged in the TradingView logger. You'll find more information about it in this TradingView blog post . WHY YOU MIGHT NEED THIS TEMPLATE 1) Transform your indicator into a TradingView.TO trading bot more easily than before Connect your indicator to the template Create your alerts Set your EA settings 2) Save Time Auto-generated alert messages for TradingView.TO. I tested them all and checked with the support team what could/couldn’t be done. 3) Be in Control Manage your trading risks with advanced features. 4) Customizable Fits various trading styles and asset classes. REQUIREMENTS * Make sure you have your TradingView.TO account * If there is any issue with the template, ask me in the comments section - I’ll answer quickly. BACKTEST RESULTS FROM THIS POST 1) I connected this strategy template to a dummy Supertrend script. I could have selected any other indicator or concept for this script post. I wanted to share an example of how you can quickly upgrade your strategy, making it compatible with TradingView.TO. 2) The backtest results aren't relevant for this educational script publication. I used realistic backtesting data but didn't look too much into optimizing the results, as this isn't the point of why I'm publishing this script.
This strategy is a template to be connected to any indicator - the sky is the limit. :) 3) This template is made to take 1 trade per direction at any given time. Pyramiding is set to 1 on TradingView. The strategy default settings are: * Initial Capital: 100000 USD * Position Size: 1% * Commission Percent: 0.075% * Slippage: 1 tick * No margin/leverage used
Pine Script®策略
由Daveatt提供
6
Supertrend Advance Pullback StrategyHandbook for the Supertrend Advance Strategy 1. Introduction Purpose of the Handbook: The main purpose of this handbook is to serve as a comprehensive guide for traders and investors who are looking to explore and harness the potential of the Supertrend Advance Strategy. In the rapidly changing financial market, having the right tools and strategies at one's disposal is crucial. Whether you're a beginner hoping to dive into the world of trading or a seasoned investor aiming to optimize and diversify your portfolio, this handbook offers the insights and methodologies you need. By the end of this guide, readers should have a clear understanding of how the Supertrend Advance Strategy works, its benefits, potential pitfalls, and practical application in various trading scenarios. Overview of the Supertrend Advance Pullback Strategy: At its core, the Supertrend Advance Strategy is an evolution of the popular Supertrend Indicator. Designed to generate buy and sell signals in trending markets, the Supertrend Indicator has been a favorite tool for many traders around the world. The Advance Strategy, however, builds upon this foundation by introducing enhanced mechanisms, filters, and methodologies to increase precision and reduce false signals. 1. Basic Concept: The Supertrend Advance Strategy relies on a combination of price action and volatility to determine the potential trend direction. By assessing the average true range (ATR) in conjunction with specific price points, this strategy aims to highlight the potential starting and ending points of market trends. 2. Methodology: Unlike the traditional Supertrend Indicator, which primarily focuses on closing prices and ATR, the Advance Strategy integrates other critical market variables, such as volume, momentum oscillators, and perhaps even fundamental data, to validate its signals. This multidimensional approach ensures that the generated signals are more reliable and are less prone to market noise. 3. Benefits: One of the main benefits of the Supertrend Advance Strategy is its ability to filter out false breakouts and minor price fluctuations, which can often lead to premature exits or entries in the market. By waiting for a confluence of factors to align, traders using this advanced strategy can increase their chances of entering or exiting trades at optimal points. 4. Practical Applications: The Supertrend Advance Strategy can be applied across various timeframes, from intraday trading to swing trading and even long-term investment scenarios. Furthermore, its flexible nature allows it to be tailored to different asset classes, be it stocks, commodities, forex, or cryptocurrencies. In the subsequent sections of this handbook, we will delve deeper into the intricacies of this strategy, offering step-by-step guidelines on its application, case studies, and tips for maximizing its efficacy in the volatile world of trading. As you journey through this handbook, we encourage you to approach the Supertrend Advance Strategy with an open mind, testing and tweaking it as per your personal trading style and risk appetite. The ultimate goal is not just to provide you with a new tool but to empower you with a holistic strategy that can enhance your trading endeavors. 2. Getting Started Navigating the financial markets can be a daunting task without the right tools. This section is dedicated to helping you set up the Supertrend Advance Strategy on one of the most popular charting platforms, TradingView. By following the steps below, you'll be able to integrate this strategy into your charts and start leveraging its insights in no time. Setting up on TradingView: TradingView is a web-based platform that offers a wide range of charting tools, social networking, and market data. Before you can apply the Supertrend Advance Strategy, you'll first need a TradingView account. If you haven't set one up yet, here's how: 1. Account Creation: • Visit TradingView's official website. • Click on the "Join for free" or "Sign up" button. • Follow the registration process, providing the necessary details and setting up your login credentials. 2. Navigating the Dashboard: • Once logged in, you'll be taken to your dashboard. Here, you'll see a variety of tools, including watchlists, alerts, and the main charting window. • To begin charting, type in the name or ticker of the asset you're interested in the search bar at the top. 3. Configuring Chart Settings: • Before integrating the Supertrend Advance Strategy, familiarize yourself with the chart settings. This can be accessed by clicking the 'gear' icon on the top right of the chart window. • Adjust the chart type, time intervals, and other display settings to your preference. Integrating the Strategy into a Chart: Now that you're set up on TradingView, it's time to integrate the Supertrend Advance Strategy. 1. Accessing the Pine Script Editor: • Located at the top-center of your screen, you'll find the "Pine Editor" tab. Click on it. • This is where custom strategies and indicators are scripted or imported. 2. Loading the Supertrend Advance Strategy Script: • Depending on whether you have the script or need to find it, there are two paths: • If you have the script: Copy the Supertrend Advance Strategy script, and then paste it into the Pine Editor. • If searching for the script: Click on the “Indicators” icon (looks like a flame) at the top of your screen, and then type “Supertrend Advance Strategy” in the search bar. If available, it will show up in the list. Simply click to add it to your chart. 3. Applying the Strategy: • After pasting or selecting the Supertrend Advance Strategy in the Pine Editor, click on the “Add to Chart” button located at the top of the editor. This will overlay the strategy onto your main chart window. 4. Configuring Strategy Settings: • Once the strategy is on your chart, you'll notice a small settings ('gear') icon next to its name in the top-left of the chart window. Click on this to access settings. • Here, you can adjust various parameters of the Supertrend Advance Strategy to better fit your trading style or the specific asset you're analyzing. 5. Interpreting Signals: • With the strategy applied, you'll now see buy/sell signals represented on your chart. Take time to familiarize yourself with how these look and behave over various timeframes and market conditions. 3. Strategy Overview What is the Supertrend Advance Strategy? The Supertrend Advance Strategy is a refined version of the classic Supertrend Indicator, which was developed to aid traders in spotting market trends. The strategy utilizes a combination of data points, including average true range (ATR) and price momentum, to generate buy and sell signals. In essence, the Supertrend Advance Strategy can be visualized as a line that moves with the price. When the price is above the Supertrend line, it indicates an uptrend and suggests a potential buy position. Conversely, when the price is below the Supertrend line, it hints at a downtrend, suggesting a potential selling point. Strategy Goals and Objectives: 1. Trend Identification: At the core of the Supertrend Advance Strategy is the goal to efficiently and consistently identify prevailing market trends. By recognizing these trends, traders can position themselves to capitalize on price movements in their favor. 2. Reducing Noise: Financial markets are often inundated with 'noise' - short-term price fluctuations that can mislead traders. The Supertrend Advance Strategy aims to filter out this noise, allowing for clearer decision-making. 3. Enhancing Risk Management: With clear buy and sell signals, traders can set more precise stop-loss and take-profit points. This leads to better risk management and potentially improved profitability. 4. Versatility: While primarily used for trend identification, the strategy can be integrated with other technical tools and indicators to create a comprehensive trading system. Type of Assets/Markets to Apply the Strategy: 1. Equities: The Supertrend Advance Strategy is highly popular among stock traders. Its ability to capture long-term trends makes it particularly useful for those trading individual stocks or equity indices. 2. Forex: Given the 24-hour nature of the Forex market and its propensity for trends, the Supertrend Advance Strategy is a valuable tool for currency traders. 3. Commodities: Whether it's gold, oil, or agricultural products, commodities often move in extended trends. The strategy can help in identifying and capitalizing on these movements. 4. Cryptocurrencies: The volatile nature of cryptocurrencies means they can have pronounced trends. The Supertrend Advance Strategy can aid crypto traders in navigating these often tumultuous waters. 5. Futures & Options: Traders and investors in derivative markets can utilize the strategy to make more informed decisions about contract entries and exits. It's important to note that while the Supertrend Advance Strategy can be applied across various assets and markets, its effectiveness might vary based on market conditions, timeframe, and the specific characteristics of the asset in question. As always, it's recommended to use the strategy in conjunction with other analytical tools and to backtest its effectiveness in specific scenarios before committing to trades. 4. Input Settings Understanding and correctly configuring input settings is crucial for optimizing the Supertrend Advance Strategy for any specific market or asset. These settings, when tweaked correctly, can drastically impact the strategy's performance. Grouping Inputs: Before diving into individual input settings, it's important to group similar inputs. Grouping can simplify the user interface, making it easier to adjust settings related to a specific function or indicator. Strategy Choice: This input allows traders to select from various strategies that incorporate the Supertrend indicator. Options might include "Supertrend with RSI," "Supertrend with MACD," etc. By choosing a strategy, the associated input settings for that strategy become available. Supertrend Settings: 1. Multiplier: Typically, a default value of 3 is used. This multiplier is used in the ATR calculation. Increasing it makes the Supertrend line further from prices, while decreasing it brings the line closer. 2. Period: The number of bars used in the ATR calculation. A common default is 7. EMA Settings (Exponential Moving Average): 1. Period: Defines the number of previous bars used to calculate the EMA. Common periods are 9, 21, 50, and 200. 2. Source: Allows traders to choose which price (Open, Close, High, Low) to use in the EMA calculation. RSI Settings (Relative Strength Index): 1. Length: Determines how many periods are used for RSI calculation. The standard setting is 14. 2. Overbought Level: The threshold at which the asset is considered overbought, typically set at 70. 3. Oversold Level: The threshold at which the asset is considered oversold, often at 30. MACD Settings (Moving Average Convergence Divergence): 1. Short Period: The shorter EMA, usually set to 12. 2. Long Period: The longer EMA, commonly set to 26. 3. Signal Period: Defines the EMA of the MACD line, typically set at 9. CCI Settings (Commodity Channel Index): 1. Period: The number of bars used in the CCI calculation, often set to 20. 2. Overbought Level: Typically set at +100, denoting overbought conditions. 3. Oversold Level: Usually set at -100, indicating oversold conditions. SL/TP Settings (Stop Loss/Take Profit): 1. SL Multiplier: Defines the multiplier for the average true range (ATR) to set the stop loss. 2. TP Multiplier: Defines the multiplier for the average true range (ATR) to set the take profit. Filtering Conditions: This section allows traders to set conditions to filter out certain signals. For example, one might only want to take buy signals when the RSI is below 30, ensuring they buy during oversold conditions. Trade Direction and Backtest Period: 1. Trade Direction: Allows traders to specify whether they want to take long trades, short trades, or both. 2. Backtest Period: Specifies the time range for backtesting the strategy. Traders can choose from options like 'Last 6 months,' 'Last 1 year,' etc. It's essential to remember that while default settings are provided for many of these tools, optimal settings can vary based on the market, timeframe, and trading style. Always backtest new settings on historical data to gauge their potential efficacy. 5. Understanding Strategy Conditions Developing an understanding of the conditions set within a trading strategy is essential for traders to maximize its potential. Here, we delve deep into the logic behind these conditions, using the Supertrend Advance Strategy as our focal point. Basic Logic Behind Conditions: Every strategy is built around a set of conditions that provide buy or sell signals. The conditions are based on mathematical or statistical methods and are rooted in the study of historical price data. The fundamental idea is to recognize patterns or behaviors that have been profitable in the past and might be profitable in the future. Buy and Sell Conditions: 1. Buy Conditions: Usually formulated around bullish signals or indicators suggesting upward price momentum. 2. Sell Conditions: Centered on bearish signals or indicators indicating downward price momentum. Simple Strategy: The simple strategy could involve using just the Supertrend indicator. Here: • Buy: When price closes above the Supertrend line. • Sell: When price closes below the Supertrend line. Pullback Strategy: This strategy capitalizes on price retracements: • Buy: When the price retraces to the Supertrend line after a bullish signal and is supported by another bullish indicator. • Sell: When the price retraces to the Supertrend line after a bearish signal and is confirmed by another bearish indicator. Indicators Used: EMA (Exponential Moving Average): • Logic: EMA gives more weight to recent prices, making it more responsive to current price movements. A shorter-period EMA crossing above a longer-period EMA can be a bullish sign, while the opposite is bearish. RSI (Relative Strength Index): • Logic: RSI measures the magnitude of recent price changes to analyze overbought or oversold conditions. Values above 70 are typically considered overbought, and values below 30 are considered oversold. MACD (Moving Average Convergence Divergence): • Logic: MACD assesses the relationship between two EMAs of a security’s price. The MACD line crossing above the signal line can be a bullish signal, while crossing below can be bearish. CCI (Commodity Channel Index): • Logic: CCI compares a security's average price change with its average price variation. A CCI value above +100 may mean the price is overbought, while below -100 might signify an oversold condition. And others... As the strategy expands or contracts, more indicators might be added or removed. The crucial point is to understand the core logic behind each, ensuring they align with the strategy's objectives. Logic Behind Each Indicator: 1. EMA: Emphasizes recent price movements; provides dynamic support and resistance levels. 2. RSI: Indicates overbought and oversold conditions based on recent price changes. 3. MACD: Showcases momentum and direction of a trend by comparing two EMAs. 4. CCI: Measures the difference between a security's price change and its average price change. Understanding strategy conditions is not just about knowing when to buy or sell but also about comprehending the underlying market dynamics that those conditions represent. As you familiarize yourself with each condition and indicator, you'll be better prepared to adapt and evolve with the ever-changing financial markets. 6. Trade Execution and Management Trade execution and management are crucial aspects of any trading strategy. Efficient execution can significantly impact profitability, while effective management can preserve capital during adverse market conditions. In this section, we'll explore the nuances of position entry, exit strategies, and various Stop Loss (SL) and Take Profit (TP) methodologies within the Supertrend Advance Strategy. Position Entry: Effective trade entry revolves around: 1. Timing: Enter at a point where the risk-reward ratio is favorable. This often corresponds to confirmatory signals from multiple indicators. 2. Volume Analysis: Ensure there's adequate volume to support the movement. Volume can validate the strength of a signal. 3. Confirmation: Use multiple indicators or chart patterns to confirm the entry point. For instance, a buy signal from the Supertrend indicator can be confirmed with a bullish MACD crossover. Position Exit Strategies: A successful exit strategy will lock in profits and minimize losses. Here are some strategies: 1. Fixed Time Exit: Exiting after a predetermined period. 2. Percentage-based Profit Target: Exiting after a certain percentage gain. 3. Indicator-based Exit: Exiting when an indicator gives an opposing signal. Percentage-based SL/TP: • Stop Loss (SL): Set a fixed percentage below the entry price to limit potential losses. • Example: A 2% SL on an entry at $100 would trigger a sell at $98. • Take Profit (TP): Set a fixed percentage above the entry price to lock in gains. • Example: A 5% TP on an entry at $100 would trigger a sell at $105. Supertrend-based SL/TP: • Stop Loss (SL): Position the SL at the Supertrend line. If the price breaches this line, it could indicate a trend reversal. • Take Profit (TP): One could set the TP at a point where the Supertrend line flattens or turns, indicating a possible slowdown in momentum. Swing high/low-based SL/TP: • Stop Loss (SL): For a long position, set the SL just below the recent swing low. For a short position, set it just above the recent swing high. • Take Profit (TP): For a long position, set the TP near a recent swing high or resistance. For a short position, near a swing low or support. And other methods... 1. Trailing Stop Loss: This dynamic SL adjusts with the price movement, locking in profits as the trade moves in your favor. 2. Multiple Take Profits: Divide the position into segments and set multiple TP levels, securing profits in stages. 3. Opposite Signal Exit: Exit when another reliable indicator gives an opposite signal. Trade execution and management are as much an art as they are a science. They require a blend of analytical skill, discipline, and intuition. Regularly reviewing and refining your strategies, especially in light of changing market conditions, is crucial to maintaining consistent trading performance. 7. Visual Representations Visual tools are essential for traders, as they simplify complex data into an easily interpretable format. Properly analyzing and understanding the plots on a chart can provide actionable insights and a more intuitive grasp of market conditions. In this section, we’ll delve into various visual representations used in the Supertrend Advance Strategy and their significance. Understanding Plots on the Chart: Charts are the primary visual aids for traders. The arrangement of data points, lines, and colors on them tell a story about the market's past, present, and potential future moves. 1. Data Points: These represent individual price actions over a specific timeframe. For instance, a daily chart will have data points showing the opening, closing, high, and low prices for each day. 2. Colors: Used to indicate the nature of price movement. Commonly, green is used for bullish (upward) moves and red for bearish (downward) moves. Trend Lines: Trend lines are straight lines drawn on a chart that connect a series of price points. Their significance: 1. Uptrend Line: Drawn along the lows, representing support. A break below might indicate a trend reversal. 2. Downtrend Line: Drawn along the highs, indicating resistance. A break above might suggest the start of a bullish trend. Filled Areas: These represent a range between two values on a chart, usually shaded or colored. For instance: 1. Bollinger Bands: The area between the upper and lower band is filled, giving a visual representation of volatility. 2. Volume Profile: Can show a filled area representing the amount of trading activity at different price levels. Stop Loss and Take Profit Lines: These are horizontal lines representing pre-determined exit points for trades. 1. Stop Loss Line: Indicates the level at which a trade will be automatically closed to limit losses. Positioned according to the trader's risk tolerance. 2. Take Profit Line: Denotes the target level to lock in profits. Set according to potential resistance (for long trades) or support (for short trades) or other technical factors. Trailing Stop Lines: A trailing stop is a dynamic form of stop loss that moves with the price. On a chart: 1. For Long Trades: Starts below the entry price and moves up with the price but remains static if the price falls, ensuring profits are locked in. 2. For Short Trades: Starts above the entry price and moves down with the price but remains static if the price rises. Visual representations offer traders a clear, organized view of market dynamics. Familiarity with these tools ensures that traders can quickly and accurately interpret chart data, leading to more informed decision-making. Always ensure that the visual aids used resonate with your trading style and strategy for the best results. 8. Backtesting Backtesting is a fundamental process in strategy development, enabling traders to evaluate the efficacy of their strategy using historical data. It provides a snapshot of how the strategy would have performed in past market conditions, offering insights into its potential strengths and vulnerabilities. In this section, we'll explore the intricacies of setting up and analyzing backtest results and the caveats one must be aware of. Setting Up Backtest Period: 1. Duration: Determine the timeframe for the backtest. It should be long enough to capture various market conditions (bullish, bearish, sideways). For instance, if you're testing a daily strategy, consider a period of several years. 2. Data Quality: Ensure the data source is reliable, offering high-resolution and clean data. This is vital to get accurate backtest results. 3. Segmentation: Instead of a continuous period, sometimes it's helpful to backtest over distinct market phases, like a particular bear or bull market, to see how the strategy holds up in different environments. Analyzing Backtest Results: 1. Performance Metrics: Examine metrics like the total return, annualized return, maximum drawdown, Sharpe ratio, and others to gauge the strategy's efficiency. 2. Win Rate: It's the ratio of winning trades to total trades. A high win rate doesn't always signify a good strategy; it should be evaluated in conjunction with other metrics. 3. Risk/Reward: Understand the average profit versus the average loss per trade. A strategy might have a low win rate but still be profitable if the average gain far exceeds the average loss. 4. Drawdown Analysis: Review the periods of losses the strategy could incur and how long it takes, on average, to recover. 9. Tips and Best Practices Successful trading requires more than just knowing how a strategy works. It necessitates an understanding of when to apply it, how to adjust it to varying market conditions, and the wisdom to recognize and avoid common pitfalls. This section offers insightful tips and best practices to enhance the application of the Supertrend Advance Strategy. When to Use the Strategy: 1. Market Conditions: Ideally, employ the Supertrend Advance Strategy during trending market conditions. This strategy thrives when there are clear upward or downward trends. It might be less effective during consolidative or sideways markets. 2. News Events: Be cautious around significant news events, as they can cause extreme volatility. It might be wise to avoid trading immediately before and after high-impact news. 3. Liquidity: Ensure you are trading in assets/markets with sufficient liquidity. High liquidity ensures that the price movements are more reflective of genuine market sentiment and not due to thin volume. Adjusting Settings for Different Markets/Timeframes: 1. Markets: Each market (stocks, forex, commodities) has its own characteristics. It's essential to adjust the strategy's parameters to align with the market's volatility and liquidity. 2. Timeframes: Shorter timeframes (like 1-minute or 5-minute charts) tend to have more noise. You might need to adjust the settings to filter out false signals. Conversely, for longer timeframes (like daily or weekly charts), you might need to be more responsive to genuine trend changes. 3. Customization: Regularly review and tweak the strategy's settings. Periodic adjustments can ensure the strategy remains optimized for the current market conditions. 10. Frequently Asked Questions (FAQs) Given the complexities and nuances of the Supertrend Advance Strategy, it's only natural for traders, both new and seasoned, to have questions. This section addresses some of the most commonly asked questions regarding the strategy. 1. What exactly is the Supertrend Advance Strategy? The Supertrend Advance Strategy is an evolved version of the traditional Supertrend indicator. It's designed to provide clearer buy and sell signals by incorporating additional indicators like EMA, RSI, MACD, CCI, etc. The strategy aims to capitalize on market trends while minimizing false signals. 2. Can I use the Supertrend Advance Strategy for all asset types? Yes, the strategy can be applied to various asset types like stocks, forex, commodities, and cryptocurrencies. However, it's crucial to adjust the settings accordingly to suit the specific characteristics and volatility of each asset type. 3. Is this strategy suitable for day trading? Absolutely! The Supertrend Advance Strategy can be adjusted to suit various timeframes, making it versatile for both day trading and long-term trading. Remember to fine-tune the settings to align with the timeframe you're trading on. 4. How do I deal with false signals? No strategy is immune to false signals. However, by combining the Supertrend with other indicators and adhering to strict risk management protocols, you can minimize the impact of false signals. Always use stop-loss orders and consider filtering trades with additional confirmation signals. 5. Do I need any prior trading experience to use this strategy? While the Supertrend Advance Strategy is designed to be user-friendly, having a foundational understanding of trading and market analysis can greatly enhance your ability to employ the strategy effectively. If you're a beginner, consider pairing the strategy with further education and practice on demo accounts. 6. How often should I review and adjust the strategy settings? There's no one-size-fits-all answer. Some traders adjust settings weekly, while others might do it monthly. The key is to remain responsive to changing market conditions. Regular backtesting can give insights into potential required adjustments. 7. Can the Supertrend Advance Strategy be automated? Yes, many traders use algorithmic trading platforms to automate their strategies, including the Supertrend Advance Strategy. However, always monitor automated systems regularly to ensure they're operating as intended. 8. Are there any markets or conditions where the strategy shouldn't be used? The strategy might generate more false signals in markets that are consolidative or range-bound. During significant news events or times of unexpected high volatility, it's advisable to tread with caution or stay out of the market. 9. How important is backtesting with this strategy? Backtesting is crucial as it allows traders to understand how the strategy would have performed in the past, offering insights into potential profitability and areas of improvement. Always backtest any new setting or tweak before applying it to live trades. 10. What if the strategy isn't working for me? No strategy guarantees consistent profits. If it's not working for you, consider reviewing your settings, seeking expert advice, or complementing the Supertrend Advance Strategy with other analysis methods. Remember, continuous learning and adaptation are the keys to trading success. Other comments Value of combining several indicators in this script and how they work together Diversification of Signals: Just as diversifying an investment portfolio can reduce risk, using multiple indicators can offer varied perspectives on potential price movements. Each indicator can capture a different facet of the market, ensuring that traders are not overly reliant on a single data point. Confirmation & Reduced False Signals: A common challenge with many indicators is the potential for false signals. By requiring confirmation from multiple indicators before acting, the chances of acting on a false signal can be significantly reduced. Flexibility Across Market Conditions: Different indicators might perform better under different market conditions. For example, while moving averages might excel in trending markets, oscillators like RSI might be more useful during sideways or range-bound conditions. A mashup strategy can potentially adapt better to varying market scenarios. Comprehensive Analysis: With multiple indicators, traders can gauge trend strength, momentum, volatility, and potential market reversals all at once, providing a holistic view of the market. How do the different indicators in the Supertrend Advance Strategy work together? Supertrend: This is primarily a trend-following indicator. It provides traders with buy and sell signals based on the volatility of the price. When combined with other indicators, it can filter out noise and give more weight to strong, confirmed trends. EMA (Exponential Moving Average): EMA gives more weight to recent price data. It can be used to identify the direction and strength of a trend. When the price is above the EMA, it's generally considered bullish, and vice versa. RSI (Relative Strength Index): An oscillator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. By cross-referencing with other indicators like EMA or MACD, traders can spot potential reversals or confirmations of a trend. MACD (Moving Average Convergence Divergence): This indicator identifies changes in the strength, direction, momentum, and duration of a trend in a stock's price. When the MACD line crosses above the signal line, it can be a bullish sign, and when it crosses below, it can be bearish. Pairing MACD with Supertrend can provide dual confirmation of a trend. CCI (Commodity Channel Index): Initially developed for commodities, CCI can indicate overbought or oversold conditions. It can be used in conjunction with other indicators to determine entry and exit points. In essence, the synergy of these indicators provides a balanced, comprehensive approach to trading. Each indicator offers its unique lens into market conditions, and when they align, it can be a powerful indication of a trading opportunity. This combination not only reduces the potential drawbacks of each individual indicator but leverages their strengths, aiming for more consistent and informed trading decisions. Backtesting and Default Settings • This indicator has been optimized to be applied for 1 hour-charts. However, the underlying principles of this strategy are supply and demand in the financial markets and the strategy can be applied to all timeframes. Daytraders can use the 1min- or 5min charts, swing-traders can use the daily charts. • This strategy has been designed to identify the most promising, highest probability entries and trades for each stock or other financial security. • The combination of the qualifiers results in a highly selective strategy which only considers the most promising swing-trading entries. As a result, you will normally only find a low number of trades for each stock or other financial security per year in case you apply this strategy for the daily charts. Shorter timeframes will result in a higher number of trades / year. • Consequently, traders need to apply this strategy for a full watchlist rather than just one financial security. • Default properties: RSI on (length 14, RSI buy level 50, sell level 50), EMA, RSI, MACD on, type of strategy pullback, SL/TP type: ATR (length 10, factor 3), trade direction both, quantity 5, take profit swing hl 5.1, highest / lowest lookback 2, enable ATR trail (ATR length 10, SL ATR multiplier 1.4, TP multiplier 2.1, lookback = 4, trade direction = both).
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