Phase Cross Strategy with Zone### Introduction to the Strategy
Welcome to the **Phase Cross Strategy with Zone and EMA Analysis**. This strategy is designed to help traders identify potential buy and sell opportunities based on the crossover of smoothed oscillators (referred to as "phases") and exponential moving averages (EMAs). By combining these two methods, the strategy offers a versatile tool for both trend-following and short-term trading setups.
### Key Features
1. **Phase Cross Signals**:
- The strategy uses two smoothed oscillators:
- **Leading Phase**: A simple moving average (SMA) with an upward offset.
- **Lagging Phase**: An exponential moving average (EMA) with a downward offset.
- Buy and sell signals are generated when these phases cross over or under each other, visually represented on the chart with green (buy) and red (sell) labels.
2. **Phase Zone Visualization**:
- The area between the two phases is filled with a green or red zone, indicating bullish or bearish conditions:
- Green zone: Leading phase is above the lagging phase (potential uptrend).
- Red zone: Leading phase is below the lagging phase (potential downtrend).
3. **EMA Analysis**:
- Includes five commonly used EMAs (13, 26, 50, 100, and 200) for additional trend analysis.
- Crossovers of the EMA 13 and EMA 26 act as secondary buy/sell signals to confirm or enhance the phase-based signals.
4. **Customizable Parameters**:
- You can adjust the smoothing length, source (price data), and offset to fine-tune the strategy for your preferred trading style.
### What to Pay Attention To
1. **Phases and Zones**:
- Use the green/red phase zone as an overall trend guide.
- Avoid taking trades when the phases are too close or choppy, as it may indicate a ranging market.
2. **EMA Trends**:
- Align your trades with the longer-term trend shown by the EMAs. For example:
- In an uptrend (price above EMA 50 or EMA 200), prioritize buy signals.
- In a downtrend (price below EMA 50 or EMA 200), prioritize sell signals.
3. **Signal Confirmation**:
- Consider combining phase cross signals with EMA crossovers for higher-confidence trades.
- Look for confluence between the phase signals and EMA trends.
4. **Risk Management**:
- Always set stop-loss and take-profit levels to manage risk.
- Use the phase and EMA zones to estimate potential support/resistance areas for exits.
5. **Whipsaws and False Signals**:
- Be cautious in low-volatility or sideways markets, as the strategy may generate false signals.
- Use additional indicators or filters to avoid entering trades during unclear market conditions.
### How to Use
1. Add the strategy to your chart in TradingView.
2. Adjust the input settings (e.g., smoothing length, offsets) to suit your trading preferences.
3. Enable the strategy tester to evaluate its performance on historical data.
4. Combine the signals with your own analysis and risk management plan for best results.
This strategy is a versatile tool, but like any trading method, it requires proper understanding and discretion. Always backtest thoroughly and trade with discipline. Let me know if you need further assistance or adjustments to the strategy!
Ema-crossover
HOD/LOD/PMH/PML/PDH/PDL Strategy by @tradingbauhaus This script is a trading strategy @tradingbauhaus designed to trade based on key price levels, such as the High of Day (HOD), Low of Day (LOD), Premarket High (PMH), Premarket Low (PML), Previous Day High (PDH), and Previous Day Low (PDL). Below, I’ll explain in detail what the script does:
Core Functionality of the Script:
Calculates Key Price Levels:
HOD (High of Day): The highest price of the current day.
LOD (Low of Day): The lowest price of the current day.
PMH (Premarket High): The highest price during the premarket session (before the market opens).
PML (Premarket Low): The lowest price during the premarket session.
PDH (Previous Day High): The highest price of the previous day.
PDL (Previous Day Low): The lowest price of the previous day.
Draws Horizontal Lines on the Chart:
Plots horizontal lines on the chart for each key level (HOD, LOD, PMH, PML, PDH, PDL) with specific colors for easy visual identification.
Defines Entry and Exit Rules:
Long Entry (Buy): If the price crosses above the PMH (Premarket High) or the PDH (Previous Day High).
Short Entry (Sell): If the price crosses below the PML (Premarket Low) or the PDL (Previous Day Low).
Long Exit: If the price reaches the HOD (High of Day) during a long position.
Short Exit: If the price reaches the LOD (Low of Day) during a short position.
How the Script Works Step by Step:
Calculates Key Levels:
Uses the request.security function to fetch the HOD and LOD of the current day, as well as the highs and lows of the previous day (PDH and PDL).
Calculates the PMH and PML during the premarket session (before 9:30 AM).
Plots Levels on the Chart:
Uses the plot function to draw horizontal lines on the chart representing the key levels (HOD, LOD, PMH, PML, PDH, PDL).
Each level has a specific color for easy identification:
HOD: White.
LOD: Purple.
PDH: Orange.
PDL: Blue.
PMH: Green.
PML: Red.
Defines Trading Rules:
Uses conditions with ta.crossover and ta.crossunder to detect when the price crosses key levels.
Long Entry: If the price crosses above the PMH or PDH, a long position (buy) is opened.
Short Entry: If the price crosses below the PML or PDL, a short position (sell) is opened.
Long Exit: If the price reaches the HOD during a long position, the position is closed.
Short Exit: If the price reaches the LOD during a short position, the position is closed.
Executes Orders Automatically:
Uses the strategy.entry and strategy.close functions to open and close positions automatically based on the defined rules.
Advantages of This Strategy:
Based on Key Levels: Uses important price levels that often act as support and resistance.
Easy to Visualize: Horizontal lines on the chart make it easy to identify levels.
Automated: Entries and exits are executed automatically based on the defined rules.
Limitations of This Strategy:
Dependent on Volatility: Works best in markets with significant price movements.
False Crosses: There may be false crosses that generate incorrect signals.
No Advanced Risk Management: Does not include dynamic stop-loss or take-profit mechanisms.
How to Improve the Strategy:
Add Stop-Loss and Take-Profit: To limit losses and lock in profits.
Filter Signals with Indicators: Use RSI, MACD, or other indicators to confirm signals.
Optimize Levels: Adjust key levels based on the asset’s behavior.
In summary, this script is a trading strategy that operates based on key price levels, such as HOD, LOD, PMH, PML, PDH, and PDL. It is useful for traders who want to trade based on significant support and resistance levels.
9:22 5 MIN 15 MIN BANKNIFTY9:22 5 MIN 15 MIN BANKNIFTY Strategy with Additional Filters
The 9:22 5 MIN 15 MIN BANKNIFTY Strategy with Additional Filters is a trend-following strategy designed for trading the BANKNIFTY instrument on a 5-minute chart. It aims to capture potential price movements by generating buy and sell signals based on moving average crossovers, breakout confirmations, and additional filters.
Key Features:
Fast MA Length: 9
Slow MA Length: 22
ATR Length: 14
ATR Filter: 0.5
Trailing Stop Percentage: 1.5%
Pullback Threshold: 0.5
Minimum Candle Body Percentage: 0.5
Use Breakout Confirmation: Enabled
Additional Filters:
Volume Threshold: Set a minimum volume requirement for trades.
Trend Filter: Optionally enable a trend filter based on a higher timeframe moving average.
Momentum Filter: Optionally enable a momentum filter using the RSI indicator.
Support/Resistance Filter: Optionally enable a filter based on predefined support and resistance levels.
Buy and Sell Signals:
Buy Signal: A buy signal is generated when the fast moving average crosses above the slow moving average, with additional confirmation from breakout and volume criteria, along with optional trend, momentum, and support/resistance filters.
Sell Signal: A sell signal is generated when the fast moving average crosses below the slow moving average, with similar confirmation and filtering criteria as the buy signal.
Exit Strategy:
The strategy employs a trailing stop-loss mechanism based on a percentage of the average entry price. The stop-loss is dynamically adjusted to protect profits while allowing for potential upside.
Please note that this strategy should be thoroughly backtested and evaluated in different market conditions before applying it to live trading. It is also recommended to adjust the parameters and filters according to individual preferences and risk tolerance.
Feel free to customise and adapt the description as needed to suit your preferences and the specific details of your strategy.
Solution Zigma - Fibonacci Impulse'Solution Zigma' is strategy for any securities because this strategy use EMA of Fibonacci Level and Plot Like candle easy for analysis trend impulse. This strategy used DMI(ADX) for filter sideway but not greatest indicator, Please use this strategy with Risk Management.
EMA Cross StrategyThis double EMA crossover strategy aims to illustrate a good strategy design.
It is currently the only published script that:
supports a proper date picker for the backtest period
is able to test in short and long mode only
EMA Crossover StrategyEMA Crossover Strategy
This strategy will enter a long trade when the 21 EMA crosses over the 55 EMA and both EMAs and the close price are above the 200 EMA (long-term trend).
It will enter a short trade when the 21 EMA crosses under the 55 EMA and both EMAs and the close price are below the 200 EMA.
It will exit a long trade when the RSI crosses under from overbought and indicates that the uptrend could be coming to an end.
It will exit a short trade when the RSI crosses over from oversold and indicates that the downtrend could be coming to an end.
Backtesting shows that it works best on:
30 MIN:
SYMBOL - PROFIT FACTOR
AUDCAD - 1.126
EURJPY - 1.12
EURNZD - 1.04
EURUSD - 1.65
GBPAUD - 1.27
USDCAD - 1.08
1 HR:
SYMBOL - PROFIT FACTOR
CADJPY- 1.23
EURNZD- 1.166
GBPJPY- 1.23
GBPUSD- 1.282
NZDJPY- 1.246
USDCHF- 1.344
3 HR:
SYMBOL - PROFIT FACTOR
CADCHF- 1.975
EURGBP- 1.776
EURNZD- 1.911
GBPAUD- 1.364
GBPCHF- 1.311
USDJPY- 1.162
XAUUSD - 2.00
As always, this strategy does not guarantee you to achieve profits and you should always use confirmations before entering a trade.
EMA X BF 🚀EMA Crossover Strategy
A simple EMA cross is a useful indication of a change in direction of a trend and is a very popular tool in trading. It can also be useful to judge price action momentum or severity by looking at the angle of the 2 EMAs, or the distance between them.
There are 2 Exponential Moving Averages, one fast and one slow. When the fast EMA crosses above the slow EMA, this can be considered bullish and may signal an upside move. Conversely, a cross to the downside of the fast EMA under the slow EMA can be considered bearish.
This strategy uses the same principle but uses different sources for the 2 EMAs; instead of using close values, we use ohlc4 values for the fast EMA and hlc3 values for the slow EMA.
The idea is that a trader might enter a long position upon a cross up and reverse position and go short upon the next cross down.
We use a simple 6% stop loss for both long and short positions.
This strategy is tuned to a 6hr chart for Bitcoin USD pairs.
INSTRUCTIONS
Go Long when the background is green
Go short when the background is red
White background means sideways market: a no trade zone
Simple Fibonacci EMA StrategyThis script gives a buy signal when the 21 EMA crosses above the 55 EMA and a sell signal when the 55 EMA crosses below the 21 EMA. This strategy works well for cryptocurrencies at all time frames. However, it does not work for stocks or forex. Sometimes, the simple strategies are the best strategies, especially in markets that have not been dominated by institutions.
When editing how much of your balance to trade, attach at least one decimal place. For instance, 12.0, 90.0, and 83.3 would work, but 100, 32, or 70 does not work.