立即開始

在腳本中搜尋"the strat"

The Strat The Strat Bar Type Identifier – Pure Price Action Logic This open-source indicator implements the foundational bar classification of "The Strat" method developed by Rob Smith. It identifies each candle on the chart as one of the three core types used in The Strat: * Inside Bar (1): The candle’s range is fully within the previous candle’s range. This indicates consolidation or balance and often precedes breakouts or reversals. * Two-Up Bar (2U): The current candle breaks the previous high but does not break its low. This is considered bullish directional movement. * Two-Down Bar (2D): The current candle breaks the previous low but not the high. This signals bearish directional movement. * Outside Bar (3): The candle breaks both the high and the low of the previous candle, signaling a broadening formation and high volatility. The script plots a character below each candle based on its type: * "1" for Inside Bar * "2" for Two-Up or Two-Down (color-coded) * "3" for Outside Bar This tool helps traders quickly identify actionable setups according to The Strat method and serves as a foundation for more advanced strategies like the 3-1-2 reversal or 1-2-2 continuation. All calculations are based purely on price action—no indicators, no smoothing, no lagging elements. It is ideal for traders looking to understand price structure and bar sequencing from a Strat perspective. To use: 1. Add the indicator to any chart and timeframe. 2. Look for the numbers below the candles. 3. Analyze the sequence of bar types to spot Strat setups. This script is educational and can be extended with multi-timeframe context, FTFC logic, actionable signals, or broadening formation detection. Clean, minimal, and faithful to the core principles of The Strat.
Pine Script®指標
由shayy110提供
The Strat Candle State Table (Two Symbols)The Strat Candle State Table (Two Symbols) – Multi-Timeframe Analysis This advanced indicator is designed for traders who follow The Strat methodology, providing a quick, clear, and actionable view of candle states across two selected symbols and a chosen timeframe. It allows you to seamlessly integrate multi-symbol analysis into your trading, offering real-time insights into price action and market momentum based on **The Strat’s** powerful principles. What It Does: For each selected symbol, the indicator retrieves and analyzes the price data for three candles: - Candle 1 (C1): The third candle from the current one. - Candle 2 (C2): The candle directly before the current one (previous candle). - Current Candle (CC): The live candle, which is still forming. Using this information, it plots the Scenario 1 (Inside Bar), Scenario 2 (Directional), and **Scenario 3 (Outside Bar)** states for each candle, color-coding them to help you quickly assess market conditions and price action. Strat Candle States: - Scenario 1 (Inside Bar): The candle stays within the high and low of the previous candle (indicating consolidation or indecision). - Scenario 2 (Directional)* The candle breaks either the high (2-up) or low (2-down) of the previous candle, indicating potential continuation in that direction. - Scenario 3 (Outside Bar): The candle breaks both the high and low of the previous candle, signaling increased volatility and a potential reversal. Customizable Color Scheme: The default colors follow these settings (but can be changed to your preference): - 1U (Inside and Up): Yellow (indicating an inside bar that closed higher). - 1D (Inside and Down): Orange (indicating an inside bar that closed lower). - 2U (Two Up): Green if the candle closes higher, Red if the candle closes lower (conflict). - 2D (Two Down): Red if the candle closes lower, Green if the candle closes higher (conflict). - 3U (Three Up): Lighter Purple. - 3D (Three Down): Darker Purple/Magenta. Each state is dynamically updated based on the actual price action and whether the candle closes above or below the open. Conflict candles (like a 2-up closing red or 2-down closing green) are highlighted, making it easier to spot potential reversals or weakness in the trend. Timeframe Flexibility: You can overlay this indicator on any chart regardless of the timeframe. The key is to select the timeframe you want the indicator to plot for when setting up. Whether you're working on a 5-minute chart, daily, or even weekly, the indicator will analyze the candles according to the selected timeframe, giving you the versatility to adapt it to various trading strategies. Powerful Use Cases: 1. Multi-Symbol Analysis in Real-Time: The Strat Candle State Table displays the candle states for two symbols at once, helping you track multiple instruments without switching charts. This is extremely useful when monitoring correlated assets like SPY and QQQ, or sector-related pairs such as DIA and IWM 2. Seamless Top-Down View: By analyzing the three most recent candles (C1, C2, and the current candle), the indicator allows you to maintain a top-down perspective on price action, spotting setups early and tracking candle state changes across different symbols and timeframes. 3. Enhanced Conflict Detection: The background shading automatically adjusts for conflict candles, such as a 2-up that closes red or a 2-down that closes green. This provides a quick visual cue to warn you when the current trend may be weakening or reversing. 4. Trade Execution Precision: With this table providing constant feedback on price action and candle state, traders can more easily time their entries and exits, whether they are looking for reversals or continuations 5. Focus on Timeframe Continuity: Use this indicator to stay in alignment with The Strat's Timeframe Continuity, ensuring you are trading in the direction of the most aligned candles, across both symbols. This allows for more precise trade management and higher-probability setups. 6. Customizable to Your Strategy: Change the color coding and candle states to match your personal preferences or trading strategy, making this indicator adaptable to your specific needs. Most Powerful Use Case – Simultaneous Break Detection: The Strat Candle State Table shines in setups where simultaneous breaks are being monitored across multiple symbols. For example, if both symbols trigger a 2-up or 3-up at the same time, this confirms that momentum is flowing in the same direction for multiple instruments, giving you stronger trade conviction. By seeing real-time data for two key symbols, you can ensure that you're catching simultaneous breaks, where multiple instruments are signaling the same move. This can be especially effective in index-based trading, where the strength or weakness of multiple sectors or assets must align for a higher probability of success
Pine Script®指標
由mmtrades5643提供
The Strat [LuxAlgo]The Strat indicator is a full toolkit regarding most of the concepts within "The Strat" methodology with features such as candle numbering, pivot machine gun (PMG) highlighting, custom combo highlighting, and various statistics included. Alerts are also included for the detection of specific candle numbers, custom combos, and PMGs. 🔶 SETTINGS Show Numbers on Chart: Shows candle numbering on the chart. Style Candles: Style candles based on the detected number. Only effective on non-line charts and if the script is brought to the front. 🔹 Custom Combo Search Combo: User defined combo to be searched by the script. Combos can be composed of any series of numbers including (1, 2, -2, 3), e.g : 2-21. No spaces or other characters should be used. 🔹 Pivot Machine Gun Show Labels: Highlight detected PMGs with a label. Min Sequence Length: Minimum sequence length of consecutive higher lows/lower highs required to detect a PMG. Min Breaks: Minimum amount of broken previous highs/lows required to detect a PMG. Show Levels: Show levels of the broken highs/lows. 🔹 Pivot Combos Pivot Lookback: Lookback period used for detecting pivot points. Right Bars Scan: Number of bars scanned to the right side of a detected pivot. Left Bars Scan: Number of bars scanned to the left side of a detected pivot. 🔹 Dashboard Show Dashboard: Displays statistics dashboard on chart. Numbers Counter: Displays the numbers counter section on the dashboard. Pivot Combos: Displays pivots combo section on the dashboard. %: Display the percentage of detected pivot combos on the dashboard instead of absolute numbers. Pivot Combos Rows: Number of rows displayed by the "Pivots Combo" dashboard section. Show MTF: Showa MTF candle numbering on the dashboard. Location: Location of the dashboard on the chart. Size: Size of the displayed dashboard. 🔶 USAGE This script allows users with an understanding of The Strat to quickly highlight elements such as candle numbers, pivot machine guns, and custom combos. The usage for these concepts is given in the sub-sections below. 🔹 Candle Numbers The Strat assigns a number to individual candles, this number is determined by the current candle position relative to the precedent candle, these include: Number 1 - Inside bar, occurs when the previous candle range engulfs the current one. Number 2 Up - Upside Directional Bar, occurs when the current price high breaks the previous high while the current low is lower than the previous high. Number 2 Down - Downside Directional Bar, occurs when the current price low breaks the previous low while the current high is higher than the previous low. Number 3 - Outside bar, occurs when the current candle range engulfs the previous one. The script can highlight the number of a candle by using labels but can also style candles by depending on the candle number. Inside bars (1) only have their candle wick highlighted, directional bars (2) (-2) only have their candle body highlighted. Outside bars have their candle range highlighted. Note that downside directional bars are highlighted with the number -2. Users can see the total amount of times a specific candle number is detected on the historical data on the dashboard available within the settings, as well as the number of times a candle number is detected relative to the total amount of detected candle numbers expressed as a percentage. It is also possible to see the current candle numbers returned by multiple timeframes on the dashboard. 🔹 Searching For Custom Combos Combos are made of a sequence of two or more candle numbers. These combos can highlight multiple reversals/continuation scenarios. Various common combos are documented by The Strat community. This script allows users to search for custom combos by entering them on the Combo user setting field. When a user combo is found, it is highlighted on the chart as a box highlighting the combo range. 🔹 Pivot Combos It can be of interest to a user to display the combo associated with a pivot high/low. This script will highlight the location of pivot points on the chart and display its associated combo by default. These are based on the Pivot Combo lookback and not displayed in real-time. Users can see on the dashboard the combos associated with a pivot high/low, these are ranked by frequency. 🔹 Pivot Machine Gun (PMG) Pivot Machine Guns (PMG)s describe the scenario where a single price variation breaks the value of multiple past successive higher lows/lower highs. This can highlight a self-exciting behavior, where even more past successive higher lows/lower highs get broken. Users can select the minimum sequence length of successive higher lows/lower highs required for a PMG to be detected, as well the amount of these successive higher lows/lower highs that must be broken.
Pine Script®指標
由LuxAlgo提供
29
The Strat with TFC & Combo DashIntroduction: This indicator is designed to implement "The Strat" trading strategy combined with a Timeframe Continuity Dashboard and Combo Dashboard. The Strat is a robust trading methodology that relies on price action and candlestick formations to make trading decisions. This script helps traders to identify specific bar types such as Inside Bars (1), Continuation Up Bars (2u), Continuation Down Bars (2d), and Outside Bars (3) across multiple timeframes. It visually highlights these bar types on the chart and provides a comprehensive dashboard displaying the current state of the selected timeframes. Key Features: Timeframe Continuity Dashboard: Displays arrows and bar types for up to four selected timeframes. Strat Combos Dashboard: Shows the previous and current bar types to easily spot trading setups. Customizable Colors and Labels: Options to personalize the colors and labels for Inside and Outside bars. Adjustable Dashboard Position and Size: Allows users to set the location and size of the dashboard for better visual alignment. Inputs: TFC & Combo Dash Configuration: Show TFC & Combo Dashboard: Toggle to display the dashboard. Show Strat Combos: Toggle to display Strat combo setups. Location: Dropdown to select the position of the dashboard on the chart. Size: Dropdown to choose between desktop and mobile view. Timeframe Selection: Timeframe 1: Primary timeframe for analysis. Timeframe 2: Secondary timeframe for analysis. Timeframe 3: Tertiary timeframe for analysis. Timeframe 4: Quaternary timeframe for analysis. Candle Visuals: Show Inside Bar Label: Option to show label instead of color for Inside bars. Inside Bar Color: Color picker for Inside bars. Show Outside Bar Label: Option to show label instead of color for Outside bars. Outside Bar Color: Color picker for Outside bars. TFC & Combo DashboardFunctions: The script fetches values for the selected timeframes and computes the bar types and corresponding visual elements such as arrows and background colors. The dashboard displays this information in a tabular format for easy reference during trading. The dashboard is dynamically created based on user input for position and size. It shows the selected timeframes, bar types, and combo setups, providing a quick overview of the market conditions across multiple timeframes. Timeframes: Displays the four user chosen timeframes that the dashboard fetches data from. Arrow and Color: Functions to set the arrow direction and color based on current bar action. Green and up arrow: price is above it's candle open. Red and down arrow: price is below it's candles open. Background Color: Functions to set background color based on the bar type. White for an outside bar(3), yellow for an inside bar(1), no color for a continuation bar(2). Strat Candle Combos: Functions to determine if the bar is an Inside(1), Continuation Up(2u), Continuation Down(2d), or Outside bar(3). Shows the previous bar and the current bar for the user's chosen timeframes. Candle Visuals: The script plots labels and colors for Inside and Outside bars based on user preferences. It helps in quickly identifying potential trading setups on the chart. Conclusion: We believe in providing user-friendly tools to help speed up traders technical analysis and implement easy trading strategies. The Strat with TFC & Combo Dashboard is a tool to assist traders in identifying potential trading setups based on The Strat methodology; to suit the users needs and trading style. RISK DISCLAIMER All content, tools, scripts & education provided by Gorb Algo LLC are for informational & educational purposes only. Trading is risk and most lose their money, past performance does not guarantee future results.
Pine Script®指標
由GorbAlgo提供
The Strat Screener - yungchoppsThis indicator scan up to 40 tickers of your choice for bullish and bearish Randy Jackson setups. Randy Jackson setups are 2u-2u-2d-2u for bullish cases and 2d-2d-2u-2d for bearish cases. If a ticker has a possible RJ setup, the ticker name will be display on the table depending if it is bullish or bearish. The only thing you need to do it change one of the default tickers to the ones you desire and the table will update if there are any RJ setups. The indicators search for RJ setups on the current timeframe that you are on. Randy Jackson setups are part of the 'Strat' candlestick analysist. More information about the Strat can be found on the internet and YouTube. This indicator reads the previous candles of every selected ticker and searched for a RJ setup. If one exist, it will update the table with the tickers name. I will add more setups in the future. This is a screener. This indicator really just makes it easier to scan many indicators at once. Its not hard to use... just place it on the chart and it will do the work for you. Hopefully mods find this enough of a description...
Pine Script®指標
由trawda13提供
14
The Strat Numbers & CombosThis indicator is an all-in-one " The Strat " script. This script displays the following: The Strat candle numbers (1's, 2's, & 3's) The Strat Combo labels along with trigger line Pivot Machine Gun ( PMG ) dynamic labels Hammer & Shooter candle labels The Strat Candle Numbers label each candle, on any timeframe, either a 1, 2, or 3. 1's are inside bars of the previous candles. 2's take out only one side of the previous candle. And 3's go outside both sides of the previous candle. The Strat Combo labels (which are made of the 1's, 2's, 3's outlined above) display labels when a Strat Combo occurs. The script displays a label, direction arrow, and trigger line for each Strat Combo. This indicator finds the following Strat Combos: 2-1-2 bullish reversal (BLR) 2-1-2 bullish continuation (BLC) 3-1-2 BLR 3-2-2 BLR 1-2-2 rev strat BLR 2-2 BLR 2-1-2 bearish reversal (BRR) 2-1-2 bearish continuation (BRC) 3-1-2 BRR 3-2-2 BRR 1-2-2 rev strat BRR 2-2 BRR Double inside candles The Pivot Machine Gun (PMG) labels any 5 or more consecutive candles that make higher lows or 5 or more consecutive candles that make lower highs. A PMG can continue going in its direction or it can reverse and come back through the range. The logic in this indicator dynamically finds each level in a PMG and draws a line for easy identification. The script also identifies if the candle type is a Hammer, Inverted Hammer, Shooting Star, or Hanging Man. These candle types are highly likely reversal points in price action.The indicator will plot a shape with a color coded icon identifying the candle. The distance between the shape and the candles can be manually adjusted in the inputs section. This indicator has many style options . The user can independently toggle on/off the Strat numbers, boxes around the Strat Combos, and Hammer and Shooter shapes. Also all of the colors used in this script can be changed from the inputs section, so a user can easily change colors to match their current color scheme.
Pine Script®指標
由Infinity_Trading_提供
54
The Strat info boxThis indicator is an all in one indicator for the "The strat" method by Rob Smith. This indicator DOES NOT provide trading advice or trade entry signals! What is included: * Candle Type 1 - Inside Candle * Candle Type 2- Up or Down Candle * Candle Type 3 - Engulfing Candle * Strat signal: - 2-1-2 setup - 3-2-2 setup * Full Timeframe Continuity: - from a 5min timeframe to a yearly timeframe. Green gives you an uptrend, Red a downtrend. * middle of day and week - this give you a support and resistance level at the middle of the day or week. This is a good indicator if the stock goes up or down * extra info like: - ATR of 14 days - DTR of current day - Volume info - Float info NASDAQ:FB
Pine Script®指標
由Xpulz提供
27
FTFC (The Strat)This indicator provides the status (red="down/short", green="up/long") of the current and higher timeframes in conjunction with The Strat, created by Rob Smith. In The Strat, Rob states that one should trade in the direction of timeframe continuity. What this means is if the majority of higher time frames are trading to the upside, one should only take long positions on the current timeframe. The more timeframes trading in the same direction increases the likelihood that a trade will work out in the trader's favor. The purpose of this indicator is to provide a visual cue as to when the current symbol has reached Full Timeframe Continuity (FTFC). For example, M5, M15, M30, H1 all green, only take long trades on the M5 time frame.
Pine Script®指標
由rwestbrookjr提供
4
TSCandleColor (The Strat)This indicator highlights 1 and 3 candles based on The Strat, created by Rob Smith. In The Strat, candles can only take one of 3 forms, an inside bar or a '1' where the high and low of the current candle are within the high and low of the previous candle, an outside bar or a '3' where the high and low of the current candle are outside of the previous bar, and a '2' bar where either the high or low of the current candle surpasses the previous candle but not both. Since '1' and '3' bars are key to many setups, this script highlights those candles. Highlighted colors are configurable by the user. This indicator further draws a line at the 50% mark of the previous candle for use in conjunction with the teachings of Sara Strat Sniper and her 50% rule. Her 50% rule states that when a '2' candle passes the 50% mark of the previous candle there is a high likelihood of that '2' candle becoming a '3'. Having this already drawn on the chart with each new candle makes it much easier to see this real-time. The color and style of the 50% line is also configurable.
Pine Script®指標
由rwestbrookjr提供
ICT Indicator with Paper TradingThe strategy implemented in the provided Pine Script is based on **ICT (Inner Circle Trader)** concepts, particularly focusing on **order blocks** to identify key levels for potential reversals or continuations in the market. Below is a detailed description of the strategy: ### 1. **Order Block Concept** - **Order blocks** are price levels where large institutional orders accumulate, often leading to a reversal or continuation of price movement. - In this strategy, **order blocks** are identified when: - The high of the current bar crosses above the high of the previous bar (for bullish order blocks). - The low of the current bar crosses below the low of the previous bar (for bearish order blocks). ### 2. **Buy and Sell Signal Generation** The core of the strategy revolves around identifying the **breakout** of order blocks, which is interpreted as a signal to either enter or exit trades: - **Buy Signal**: - Generated when the closing price crosses **above** the last identified bullish order block (i.e., the highest point during the last upward crossover of highs). - This signals a potential upward trend, and the strategy enters a long position. - **Sell Signal**: - Generated when the closing price crosses **below** the last identified bearish order block (i.e., the lowest point during the last downward crossover of lows). - This signals a potential downward trend, and the strategy exits any open long positions. ### 3. **Strategy Execution** The strategy is executed using the `strategy.entry()` and `strategy.close()` functions: - **Enter Long Positions**: When a buy signal is generated, the strategy opens a long position (buying). - **Exit Positions**: When a sell signal is generated, the strategy closes the long position. ### 4. **Visual Indicators on the Chart** To make the strategy easier to follow visually, buy and sell signals are marked directly on the chart: - **Buy signals** are indicated with a green upward-facing triangle above the bar where the signal occurred. - **Sell signals** are indicated with a red downward-facing triangle below the bar where the signal occurred. ### 5. **Key Elements of the Strategy** - **Trend Continuation and Reversals**: This strategy is attempting to capture trends based on the breakout of important price levels (order blocks). When the price breaks above or below a significant order block, it is expected that the market will continue in that direction. - **Order Block Strength**: Order blocks are considered strong areas where price action could reverse or accelerate, based on how institutional investors place large orders. ### 6. **Paper Trading** This script uses **paper trading** to simulate trades without actual money being involved. This allows users to backtest the strategy, seeing how it would have performed in historical market conditions. ### 7. **Basic Strategy Flow** 1. **Order Block Identification**: The script constantly monitors price movements to detect bullish and bearish order blocks. 2. **Buy Signal**: If the closing price crosses above the last order block high, the strategy interprets it as a sign of bullish momentum and enters a long position. 3. **Sell Signal**: If the closing price crosses below the last order block low, it signals a bearish momentum, and the strategy closes the long position. 4. **Visual Representation**: Buy and sell signals are displayed on the chart for easy identification. ### **Advantages of the Strategy:** - **Simple and Clear Rules**: The strategy is based on clearly defined rules for identifying order blocks and trade signals. - **Effective for Trend Following**: By focusing on breakouts of order blocks, this strategy attempts to capture strong trends in the market. - **Visual Aids**: The plot of buy/sell signals helps traders to quickly see where trades would have been placed. ### **Limitations:** - **No Shorting**: This strategy only enters long positions (buying). It does not account for shorting opportunities. - **No Risk Management**: There are no built-in stop losses, trailing stops, or profit targets, which could expose the strategy to large losses during adverse market conditions. - **Whipsaws in Range Markets**: The strategy could produce false signals in sideways or choppy markets, where breakouts are short-lived and prices quickly reverse. ### **Overall Strategy Objective:** The goal of the strategy is to enter into long positions when the price breaks above a significant order block, and exit when it breaks below. The strategy is designed for trend-following, with the assumption that price will continue in the direction of the breakout. Let me know if you'd like to enhance or modify this strategy further!
Pine Script®策略
由Blessed-Inspired提供
1
FON60DK by leventsahThe strategy generates buy and sell signals using the Tillson T3 and TOTT (Twin Optimized Trend Tracker) indicators. Additionally, the Williams %R indicator is used to filter the signals. Below is an explanation of the main components of the code: 1. Input Parameters: Tillson T3 and TOTT parameters: Separate parameters are defined for both buy (AL) and sell (SAT) conditions. These parameters control the sensitivity and behavior of the indicators. Williams %R period: The period for the Williams %R indicator is set to determine overbought and oversold levels. 2. Tillson T3 Calculation: The Tillson T3 indicator is a smoothed moving average that uses an exponential moving average (EMA) with additional smoothing. The formula calculates a weighted average of multiple EMAs to produce a smoother line. The t3 function computes the Tillson T3 value based on the close price and the input parameters. 3. TOTT Calculation (Twin Optimized Trend Tracker): The TOTT indicator is a trend-following tool that adjusts its sensitivity based on market conditions. It uses a combination of price action and a volatility coefficient to determine trend direction. The Var_Func function calculates the TOTT value, which is then used to derive the OTT (Optimized Trend Tracker) levels for both buy and sell conditions. 4. Williams %R Calculation: Williams %R is a momentum oscillator that measures overbought and oversold levels. It is calculated using the highest high and lowest low over a specified period. 5. Buy and Sell Conditions: Buy Condition: A buy signal is generated when the Tillson T3 value crosses above the TOTT upper band (OTTup) and the Williams %R is above -20 (indicating an oversold condition). Sell Condition: A sell signal is generated when the Tillson T3 value crosses below the TOTT lower band (OTTdnS) and the Williams %R is above -70 (used to close long positions). 6. Strategy Execution: The strategy.entry function is used to open a long position when the buy condition is met. The strategy.close function is used to close the long position when the sell condition is met. 7. Visualization: The bars on the chart are colored green when a long position is open. The Tillson T3, TOTT upper band (OTTup), and TOTT lower band (OTTdn) are plotted on the chart for both buy and sell conditions. 8. Plots: The Tillson T3 values for buy and sell conditions are plotted in blue. The TOTT upper and lower bands are plotted in green and red, respectively, for both buy and sell conditions. Summary: This strategy combines trend-following indicators (Tillson T3 and TOTT) with a momentum oscillator (Williams %R) to generate buy and sell signals. The use of separate parameters for buy and sell conditions allows for fine-tuning the strategy based on market behavior. The visual elements, such as colored bars and plotted indicators, help traders quickly identify signals and trends on the chart.
Pine Script®策略
由leventsah提供
2
Forex Hammer and Hanging Man StrategyThe strategy is based on two key candlestick chart patterns: Hammer and Hanging Man. These chart patterns are widely used in technical analysis to identify potential reversal points in the market. Their relevance in the Forex market, known for its high liquidity and volatile price movements, is particularly pronounced. Both patterns provide insights into market sentiment and trader psychology, which are critical in currency trading, where short-term volatility plays a significant role. 1. Hammer: • Typically occurs after a downtrend. • Signals a potential trend reversal to the upside. • A Hammer has: • A small body (close and open are close to each other). • A long lower shadow, at least twice as long as the body. • No or a very short upper shadow. 2. Hanging Man: • Typically occurs after an uptrend. • Signals a potential reversal to the downside. • A Hanging Man has: • A small body, similar to the Hammer. • A long lower shadow, at least twice as long as the body. • A small or no upper shadow. These patterns are a manifestation of market psychology, specifically the tug-of-war between buyers and sellers. The Hammer reflects a situation where sellers tried to push the price down but were overpowered by buyers, while the Hanging Man shows that buyers failed to maintain the upward movement, and sellers could take control. Relevance of Chart Patterns in Forex In the Forex market, chart patterns are vital tools because they offer insights into price action and market sentiment. Since Forex trading often involves large volumes of trades, chart patterns like the Hammer and Hanging Man are important for recognizing potential shifts in market momentum. These patterns are a part of technical analysis, which aims to forecast future price movements based on historical data, relying on the psychology of market participants. Scientific Literature on the Relevance of Candlestick Patterns 1. Behavioral Finance and Candlestick Patterns: Research on behavioral finance supports the idea that candlestick patterns, such as the Hammer and Hanging Man, are relevant because they reflect shifts in trader psychology and sentiment. According to Lo, Mamaysky, and Wang (2000), patterns like these could be seen as representations of collective investor behavior, influenced by overreaction, optimism, or pessimism, and can often signal reversals in market trends. 2. Statistical Validation of Chart Patterns: Studies by Brock, Lakonishok, and LeBaron (1992) explored the profitability of technical analysis strategies, including candlestick patterns, and found evidence that certain patterns, such as the Hammer, can have predictive value in financial markets. While their study primarily focused on stock markets, their findings are generally applicable to the Forex market as well. 3. Market Efficiency and Candlestick Patterns: The efficient market hypothesis (EMH) posits that all available information is reflected in asset prices, but some studies suggest that markets may not always be perfectly efficient, allowing for profitable exploitation of certain chart patterns. For instance, Jegadeesh and Titman (1993) found that momentum strategies, which often rely on price patterns and trends, could generate significant returns, suggesting that patterns like the Hammer or Hanging Man may provide a slight edge, particularly in short-term Forex trading. Testing the Strategy in Forex Using the Provided Script The provided script allows traders to test and evaluate the Hammer and Hanging Man patterns in Forex trading by entering positions when these patterns appear and holding the position for a specified number of periods. This strategy can be tested to assess its performance across different currency pairs and timeframes. 1. Testing on Different Timeframes: • The effectiveness of candlestick patterns can vary across different timeframes, as market dynamics change with the level of detail in each timeframe. Shorter timeframes may provide more frequent signals, but with higher noise, while longer timeframes may produce more reliable signals, but with fewer opportunities. This multi-timeframe analysis could be an area to explore to enhance the strategy’s robustness. 2. Exit Strategies: • The script incorporates an exit strategy where positions are closed after holding them for a specified number of periods. This is useful for testing how long the reversal patterns typically take to play out and when the optimal exit occurs for maximum profitability. It can also help to adjust the exit logic based on real-time market behavior. Conclusion The Hammer and Hanging Man patterns are widely recognized in technical analysis as potential reversal signals, and their application in Forex trading is valuable due to the market’s high volatility and liquidity. This strategy leverages these candlestick patterns to enter and exit trades based on shifts in market sentiment and psychology. Testing and optimization, as offered by the script, can help refine the strategy and improve its effectiveness. For further refinement, it could be valuable to consider combining candlestick patterns with other technical indicators or using multi-timeframe analysis to confirm patterns and increase the probability of successful trades. References: • Lo, A. W., Mamaysky, H., & Wang, J. (2000). Foundations of Technical Analysis: Computational Algorithms, Statistical Inference, and Empirical Implementation. The Journal of Finance, 55(4), 1705-1770. • Brock, W., Lakonishok, J., & LeBaron, B. (1992). Simple Technical Trading Rules and the Stochastic Properties of Stock Returns. The Journal of Finance, 47(5), 1731-1764. • Jegadeesh, N., & Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. The Journal of Finance, 48(1), 65-91. This provides a theoretical basis for the use of candlestick patterns in trading, supported by academic literature and research on market psychology and efficiency.
Pine Script®策略
由EdgeTools提供
tlc with False BreakoutThe strategy aims to identify a trend line channel with the potential for a false breakout. Here's an explanation of the strategy: The script starts by defining the input parameters. The lookback parameter determines the number of previous bars to consider for detecting the trend lines, and the threshold parameter controls the sensitivity of the trend line detection. The script then initializes variables to store the trend lines, tap count, and the false breakout signal. Inside the loop, the script iterates over the specified number of bars (lookback) to identify the trend lines. It checks if the current high is greater than the previous and next highs to identify an upper trend line and sets it using the line.new function. Similarly, it checks if the current low is smaller than the previous and next lows to identify a lower trend line and sets it. The script also keeps track of the price levels of the upper and lower trend lines using the variables upperTrendLinePrice and lowerTrendLinePrice. These price levels are obtained using the line.get_y1 function. After the fourth tap (when tapCount is equal to 4), the script checks if the current close price is above the upper trend line or below the lower trend line. If this condition is met, it sets the falseBreakout variable to true, indicating a potential false breakout. Finally, the script plots a shape marker (plotshape) when a false breakout occurs. This is represented by an orange label displayed below the bar. At the end of the script, the line.delete function is used to remove the old trend lines when the script reaches the last bar (barstate.islast). By using this strategy, you can visually identify trend line channels where the upper and lower lines touch higher highs or lower highs and higher lows or lower lows. Additionally, it provides a false breakout signal when the price breaks above the upper trend line or below the lower trend line on the fifth tap.
Pine Script®指標
由bharath_kaipparedan提供
1
Strat Dashboard [TFO]The Strat Dashboard tracks up to 10 signals while highlighting common strat reversal patterns, the SSS 50% rule, timeframe continuity, and some additional criteria with VWAP and moving averages. With the strat, all price action bars/candles are simplified into 3 total possibilities: 1 (inside bar), 2 (a bar that takes the previous bar's high OR low), and 3 (outside bar). The first table column for Last X Candles shows the most recent candles according to this notation, for example, 1 - 2D - 2U. This would mean we had an inside bar, followed by a bar that took the previous bar's low, followed then by a bar that took the previous bar's high. Note that the colors in this column are set according to whether the current bar's close exceeds the previous bar's high/low. By default, these colors are green if above the previous bar's highs, or red if below the previous bar's lows. If the current close is in between the previous candle's high and low (even after already taking the prior high or low), no color will be applied. The SSS 50% column shows a yes or no value for whether the current bar aligns with the SSS 50% rule, where a bar has taken either the previous high or low, and has since reversed to at least the midway point of the previous bar's height - essentially anticipating a 2 that may become a 3 (outside bar). Timeframe continuity (TFC) shows a yes or no value for when the current candle on multiple timeframes are all green or red (above the open price or below the open price, respectively). For example, if you were looking at the current 15m, 1h, and 1D bars, and they were all above the open price, you could say there's TFC between all three timeframes. As of the initial release, you can select up to 3 different timeframes. The table values will only be true when all selected timeframes are in alignment. When setting alerts, first deselect the timeframes if you don't want TFC logic to impact alerts. The "Last" column shows the last strat reversal pattern that was confirmed (after the last bar closes). Waiting for a candle close is the safer option since a 2 can turn into a 3; however for higher timeframes, it may be beneficial to make an update to this indicator in which you can have live alerts as well (not waiting for a candle close). You can select which strat reversals you want to be shown from the settings. Various strat reversals may be selected for alerts of type "Any"; for example, if setting up an alert for "Any" strat reversal on Symbol 1, then this alert will go off when any of the *selected* strat reversals occur for that specific symbol. Deselect any strat reversals that you don't want to be included in these alerts. Lastly, the EMA and VWAP columns simply show whether price is above or below said value. This tracks the current candle close, and may repaint/change several times if the current bar is oscillating above and below these values.
Pine Script®指標
由tradeforopp提供
11
Babypips: Inside Bar Momentum StrategyThe strategy contained in this post comes courtesy of babypips (.com), an excellent resource for all thing forex related. If you are new to trading, the site is definitely worth checking out! Code commentary and an introduction to Inside Bars are available for this post on the Backtest-Rookies (.com) website. Note: If you are interested in custom development services, please check out our services page on the Backtest-Rookies site. Strategy Overview Inside Bar Momentum Strategy. Inside Bar Detection Position sizing based on stoploss distance ( Note: Based on equity and assumes that the account currency is the counter currency. Stop buys for entries Takeprofit / Stoplosses for exits Control Stopbuy, Takeprofit and Stoploss targets with inputs Control Backtest start/end dates
Pine Script®策略
由BacktestRookies提供
9
Omega_galskyThe strategy uses three Exponential Moving Averages (EMAs) — EMA8, EMA21, and EMA89 — to decide when to open buy or sell trades. It also includes a mechanism to move the Stop Loss (SL) to the Break-Even (BE) point, which is the entry price, once the price reaches a Risk-to-Reward (R2R) ratio of 1:1. Key Steps: Calculating EMAs: The script computes the EMA values for the specified periods. These help identify market trends and potential entry points. Buy Conditions: EMA8 crosses above EMA21. The candle that causes the crossover is green (closing price is higher than the opening price). The closing price is above EMA89. If all conditions are met, a buy order is executed. Sell Conditions: EMA8 crosses below EMA21. The candle that causes the crossover is red (closing price is lower than the opening price). The closing price is below EMA89. If all conditions are met, a sell order is executed. Stop Loss and Take Profit: Initial Stop Loss and Take Profit levels are calculated based on the entry price and a percentage defined by the user. These levels help protect against large losses and lock in profits. Break-Even Logic: When the price moves favorably to reach a 1:1 R2R ratio: For a buy trade, the Stop Loss is moved to the entry price if the price increases sufficiently. For a sell trade, the Stop Loss is moved to the entry price if the price decreases sufficiently. This ensures the trade is risk-free after the price reaches the predefined level. Visual Representation: The EMAs are plotted on the chart for easy visualization of trends and crossovers. Entry and exit points are also marked on the chart to track trades. Purpose: The strategy is designed to capitalize on EMA crossovers while minimizing risks using Break-Even logic and predefined Stop Loss/Take Profit levels. It automates decision-making for trend-following traders and ensures disciplined risk management.
Pine Script®策略
由bokovoto提供
McClellan A-D Volume Integration ModelThe strategy integrates the McClellan A-D Oscillator with an adjustment based on the Advance/Decline (A-D) volume data. The McClellan Oscillator is calculated by taking the difference between the short-term and long-term exponential moving averages (EMAs) of the A-D line. This strategy introduces an enhancement where the A-D volume (the difference between the advancing and declining volume) is factored in to adjust the oscillator value. Inputs: • ema_short_length: The length for the short-term EMA of the A-D line. • ema_long_length: The length for the long-term EMA of the A-D line. • osc_threshold_long: The threshold below which the oscillator must drop for an entry signal to trigger. • exit_periods: The number of periods after which the position is closed. • Data Sources: • ad_advance and ad_decline are the data sources for advancing and declining issues, respectively. • vol_advance and vol_decline are the volume data for the advancing and declining issues. If volume data is unavailable, it defaults to na (Not Available), and the fallback logic ensures that the strategy continues to function. McClellan Oscillator with Volume Adjustment: • The A-D line is calculated by subtracting the declining issues from the advancing issues. Then, the volume difference is applied to this line, creating a “weighted” A-D line. • The short and long EMAs are calculated for the weighted A-D line to generate the McClellan Oscillator. Entry Condition: • The strategy looks for a reversal signal, where the oscillator falls below the threshold and then rises above it again. The condition is designed to trigger a long position when this reversal happens. Exit Condition: • The position is closed after a set number of periods (exit_periods) have passed since the entry. Plotting: • The McClellan Oscillator and the threshold are plotted on the chart for visual reference. • Entry and exit signals are highlighted with background colors to make the signals more visible. Scientific Background: The McClellan A-D Oscillator is a popular market breadth indicator developed by Sherman and Marian McClellan. It is used to gauge the underlying strength of a market by analyzing the difference between the number of advancing and declining stocks. The oscillator is typically calculated using exponential moving averages (EMAs) of the A-D line, with the idea being that crossovers of these EMAs indicate potential changes in the market’s direction. The integration of A-D volume into this model adds another layer of analysis, as volume is often considered a leading indicator of price movement. By factoring in volume, the strategy becomes more sensitive to not just the number of advancing or declining stocks but also how significant those movements are based on trading volume, as discussed in Schwager, J. D. (1999). Technical Analysis of the Financial Markets. This enhanced version aims to capture stronger and more sustainable trends in the market, helping to filter out false signals. Additionally, volume analysis is often used to confirm price movements, as described in Wyckoff, R. (1931). The Day Trading System. Therefore, incorporating the volume of advancing and declining stocks in the McClellan Oscillator offers a more robust signal for trading decisions.
Pine Script®策略
由EdgeTools提供