OPEN-SOURCE SCRIPT
Telah dikemas kini Trend Pinbar PT49 by Cuancuan
Idea Behind:
Buying the short-term trend that shows a pin-bar candlestick pattern. Meant to be traded on a daily chart / higher timeframe.
To determine the short-term trend we use short EMA such as 8-16-30 and check the slope of each one, and definitely, the shorter one must be above the longer one for an uptrend. Vice versa for a downtrend.
To determine a pin-bar candlestick, I calculate that the body size (open to close) is at maximum a-third of the candle size (high to low). Besides that, I ensure that the close of the candle is above the shortest MA for bullish and below it for bearish.
As extra filters to reduce trade numbers:
1. Longer MA Filter = You can turn it off if you think the higher timeframe filter is unnecessary.
2. Slope Filter = To ensure the slope of the shorter MA is steeper rather than the mid-MA.
3. Size Filter = To check whether the overall candle size (high to low) is bigger than the ATR number. When the size filter is turned on, it removes small insignificant candles.
PS: Don't trade anything live unless you find it comfortable after backtesting it by yourself.
Buying the short-term trend that shows a pin-bar candlestick pattern. Meant to be traded on a daily chart / higher timeframe.
To determine the short-term trend we use short EMA such as 8-16-30 and check the slope of each one, and definitely, the shorter one must be above the longer one for an uptrend. Vice versa for a downtrend.
To determine a pin-bar candlestick, I calculate that the body size (open to close) is at maximum a-third of the candle size (high to low). Besides that, I ensure that the close of the candle is above the shortest MA for bullish and below it for bearish.
As extra filters to reduce trade numbers:
1. Longer MA Filter = You can turn it off if you think the higher timeframe filter is unnecessary.
2. Slope Filter = To ensure the slope of the shorter MA is steeper rather than the mid-MA.
3. Size Filter = To check whether the overall candle size (high to low) is bigger than the ATR number. When the size filter is turned on, it removes small insignificant candles.
PS: Don't trade anything live unless you find it comfortable after backtesting it by yourself.
Nota Keluaran
Idea Behind:Buying the short-term trend that shows a pin-bar candlestick pattern. It is meant to be traded on a daily chart / higher timeframe.
To determine the short-term trend, we use short EMA such as 8-16-30 and check the slope of each one, and definitely, the shorter one must be above the longer one for an uptrend. Vice versa for a downtrend.
To determine a pin-bar candlestick, I calculate that the body size (open to close) is at maximum a-third of the candle size (high to low). Besides that, I ensure that the close of the candle is above the shortest MA for bullish and below it for bearish.
As extra filters to reduce trade numbers:
1. Longer MA Filter = You can turn it off if you think the higher timeframe filter is unnecessary.
2. Slope Filter = To ensure the shorter MA slope is steeper than the mid-MA.
3. Size Filter = To check whether the overall candle size (high to low) is bigger than the ATR number. When the size filter is turned on, it removes small insignificant candles.
Latest Update 14-Nov:
Based on my suggestion, I created an extra filter to check whether the body size is located in the upper one-third of the candle size for a long. Vice versa, for short.
PS: Don't trade anything live unless you find it comfortable after backtesting it by yourself.
Nota Keluaran
Apologize I need to update the chart , since I don't know how to edit the chart illustration without doing an update scriptNota Keluaran
Update illustration image.Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.