[blackcat] L2 Sine-Weighted Moving Average (SWMA)Level: 2
Background
Invented by Patrick Lafferty in 1999, a Sine Weighted Moving Average (SWMA) takes its weighting from the first half of a Sine wave cycle and accordingly, the most weighting is given to the data in the middle of the data set. It is therefore very similar to the Triangular Moving Average.
Function
A sine weighted moving average (Sine-MA) applies weights to each bar in the shape of the bulge in a sine curve from 0 to pi. For an N-bar average the weightings are
/ 1 \ / 2 \ / N \
sin | --- * pi |, sin | --- * pi |, ..., sin | --- * pi |
\ N+1 / \ N+1 / \ N+1 /
The effect is that middle prices have the greatest weight (much like the TMA, Triangular Moving Average). A Sine Weighted Moving Average ( Sine WMA ) takes its weighting from the first half of a Sine wave cycle and accordingly, the most weighting is given to the data in the middle of the data set.
Key Signal
SWMA(FastLength) --> SWMA Fast Line.
SWMA(SlowLength) --> SWMA Slow Line.
Remarks
This is a Level 2 free and open source indicator.
Feedbacks are appreciated.
Cari dalam skrip untuk "TAKE"
CMT's ProGo indicator v.2This was inspired by William's ProGo, which is an oscillator with a fast line based on today's open minus close compared to a slow line derived from yesterday's open minus close. These are tied to the 14 day SMA in both cases. William's hypothesis is that smart money makes its decisions based on what's happening now and dumb money makes their decisions slower. My hypothesis is that smart money reacts faster and in a more straightforward manner based on current price action while dumb money takes even longer than WIlliam's factored due to overthinking things. To reflect this, I've tied the pro line to the 1 SMA and the amateur line to the 21 SMA then changed the formula for the amateur line to open divided by close. That's a really cute story and all, but let's throw out all of the smart money/dumb money stuff and strap our boots to reality.
How to use:
1.) What we're looking at in the end is an examination of the relationship between price action and the 21 SMA. Since we're exploring rate of change and momentum, divergences should be relevant, right? And divergences are relevant in this indicator. These divergences are pretty good and tend to work in harmony with the trend, though can signal reversal points.
2.) This is not a real time oscillator. It involves three levels of derivation. Sometimes it'll provide leading signals and sometimes it'll show lagging signals because we're comparing the present against the past through a filter.
3.) I've noticed that this oscillator can be used to generate angled trend lines in some cases before they become evident through price action. This is interesting. What you'll do is slap some trend lines onto the oscillator, copy those then paste them onto the price action chart, copy them a few times to create a channel and see what's what. Horizontal support and resistance on the oscillator seems to translate into future price action S/R as well. THAT's interesting.
4.) On lower time frames, this indicator will do a pretty good job of letting you know whether you're in a bearish or bullish trend.
5.) Because of how the oscillator is formulated, it only recognizes Bitcoin as either bullish or ranging on higher time frames and will only ever register bearish on lower time frames. I don't think this will ever change, but if it does register BTC as bearish on higher time frames, I'd be real worried about Bitcoin.
6.) You'll notice that over time, volatility in the oscillator increases. Neat, huh? Yeah, it'll increase as market cap does. Take care and have fun with that.
v2.0 Improvements:
Divergences have been added.
FTB Strategy (Automated)Hey traders!
This is a profitable strategy script I created to teach my students how to automate their scripts using 3rd party APIs (more info available in my profile link at the bottom of this page).
What Is This?
This strategy is called the "Follow The Bear" strategy.
It's a forex trading strategy designed for one purpose and one purpose only: to take advantage of a recurring pattern on EURUSD's 1-Hour chart during the European market open.
The basic explanation is this:
During the European open we want to see a rally followed by a swing high shooting star / reversal pinbar candle. This typically means that traders buying EURUSD during the European/London open are now trapped long, and as price begins to retrace they are forced to sell, fueling a short-term retracement.
This strategy takes advantage of that pattern by aggressively selling short with a tight stop-loss above the pinbar candle and a conservative target.
There are many ways to trade this pattern, but this script represents my personal method for trading it.
It is not 100% accurate (no strategy is), but it does have a considerably high win rate over the past 6+ years considering its simplicity and I've been trading it for several months and can attest to its edge over the markets (at least through the Oanda data feed which is what I use).
The strategy rules are this:
Market: EURUSD
Timeframe: 1-Hour
Direction: Short Only
Timezone: 6AM-10AM GMT
Days: Tuesday, Wednesday, Thursday
Entry: Close of Pinbar Setup
Stop: 2 pips above signal candle
Target: 1:1
Risk: Up to you (backtest first! I use 1%)
The rule for the pinbar/shooting star candle pattern is that the candle must both open and close in the lower 50% of the bar's total size.
Automation
This script is already prepared to be auto-traded through a 3rd-party API that was created to relay TradingView alerts to your broker to execute and manage trades.
Sorry for the lack of information - due to TradingView's house rules I cannot go into any more detail here, but if you're interested in automating this script there is more info available in the resources offered under my profile link at the bottom of this page.
Disclaimer
The material and the resources offered here are for educational purposes only. Always do your own research and only execute trades based on your own personal judgement.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency, investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate.
The leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
[EG] MA ATR ChannelsGreetings - the aim of this indicator was to code a single indicator with a selectable moving average, so I could examine price relationships to MA's and Average True Range (ATR) bollinger type bands. You can obviously approach this tool in so many different ways so I am going to share first an overview of moving averages and a short overview of how I use this this indicator.
Simple ( SMA ) – A simple average of the past N (length) prices. Just add the price data for each N (bar) and divide the total by N.
Exponential ( EMA ) – An exponential moving average with a greater weight for recent prices. The weighting is exponential. An N-period EMA takes more than N data points into account and gradually dilutes past data’s effect.
Double Exponential ( DEMA ) - Same as an EMA , the Double exponential moving average , or DEMA , is a measure of a security's trending average price that gives the even more weight to recent price data. Aimed to help reduce lag.
Triple Exponential ( TEMA ) - Same as an EMA , the Triple exponential moving average , or TEMA , is a measure of a security's trending average price that gives the even more weight to recent price data than EMA or DEMA . Aimed to help reduce lag.
Weighted ( WMA ) – An average of the past N prices with a linear weighting, again giving greater weight to more recent prices.
Hull ( HMA ) - The Hull Moving Average (developed by Alan Hull) has the purpose of reducing lag, increasing responsiveness while at the same time eliminating noise. It emphasises recent prices over older ones, resulting in a fast-acting yet smooth moving average that can be used to identify the prevailing market trend.
Wilder's (RMA) - Wilder's smoothing is a type of exponential moving average . It takes one parameter, the period n, and price. Larger values for n will have a greater smoothing effect on the input data but will also create more lag. It is equivalent to a 2n-1 Exponential Moving Average . For example, a 10 period Wilder's smoothing is the same as a 19 period exponential moving average .
Symmetrically Weighted ( SWMA ) - Weight distribution starts from median of given period and it's reduced linearly to the sides so the ending and starting point of period have the least weight. It's smooth and fast but reacts late to trend changes on higher lengths (lookback).
Arnaud Legoux ( ALMA ) - Arnaud Legoux Moving Average removes small price fluctuations and enhances trend via applying a moving average twice, once from left to right, and once from right to left and combines both. At the end of this process the phase shift (price lag) commonly associated with moving averages is significantly reduced.
Volume-Weighted ( VWMA ) - A Volume-Weighted Moving Average gives a different weight to each closing price and this weight depends on the volume of that period. For example, the closing price of a day with high volume will have a greater weight on the moving average value.
Volume Weighted Average Price ( VWAP ) - Though not necessarily a MA - Volume-weighted average price ( VWAP ) is a ratio of the cumulative share price to the cumulative volume traded over a given time period and so I thought would be useful as an ATR tool. The VWAP is calculated using the opening price for each day and adjusting in real time right up until the close of the session. Thus, the calculation uses intraday data only.
So what is Average True Range ?
Average True Range is a measure of volatility . It's an area that represents roughly how much you can expect a security to change in price over a time period. Average true range is usually calculated by applying Wilders Smoothing to True Range. If you want regular ATR - use RMA as the input for the ATR. The ATR is then divided into periods based on derivatives of Phi (3.14) and Fibs (0.618, 1.618 etc.) You will notice price bounces off the lines. Look for patterns.
The indicator - consisting of 3 parts:
Price/Fast MA - this is an MA anywhere between 3-20 periods that is reflective of very recent price action. It is red when price is below - and green when above. Recommendations : SMA , EMA , WMA , HMA
Trend/Medium MA - this is a slower MA that you could set anywhere between 30 - 100 periods that is reflective of overall bull/bear market trend depending on both it's direction and whether the Price MA / price is lower or higher. Recommendations: EMA , WMA , VWMA , RMA, ALMA
Average True Range - this is a way to measure and visualise range the price may be capable of in - if it is towards or below the 2.1 multiplier - a bull reversal is more likely and vice versea. The multi's are set to factors of Pi and Fibonacci ratio's. Green channel means bullish, red channel means bearish. Gold means sign of a likely reversal. If the PMA enters the channel - it is likely the reversal is cancelled for a short period more.
Recommendations : RMA, EMA , VWMA , ALMA , SWMA , VWAP
How I use it :
First of all - Consider longs when channel is green - or going to bounce on a support line - and consider shorts based on the opposite. This is not a buy/sell indicator - this is a MAP to PRICE to give reference and meaning to price movements across multiple time frames - very useful when using with a volume indicator and an RSI. I personally use it on the 3m chart but change the TFM to 5 for 15m data.
If you wish to see any other more exotic or interesting MA's added please feel free to request them in the comments ! And thanks for checking out my first indicator
Breakout Trend Follower V2This is a variation on my other Breakout Trend Follower script. In the other script, you can use a moving average to act as a filter for your trades (i.e. if the price is below the moving average, it won't go long). After making the tool that detects trends on higher timeframes, I wanted to see if that might be a better filter than a moving average.
So this script lets you look at higher time frame trends (i.e. are there higher highs and higher lows? If so, this is an uptrend). You only take trades when you are with the trend. You have the ability to select up to two trends to act as a filter. Each trend direction is shown on a table on the chart for easy reference. The current pivot highs and lows are plotted on the chart so you can see when you might be breaking both the current timeframe's trend and higher level trends.
What I found was that in general this does not perform as well as the other strategy, but it does seem to be a lot more picky with trades. Showing higher win rates and a better profit factor. It just takes a lot less trades and the net profit isn't as good.
Scalping Screener - 15minSCALPING SCREENER - 15 mins (Indicator Tool)
TIME FRAME to use - 15 mins
DURATION OF TRADE - Using this indicator, Trade must be taken only during market hours and must be closed before market close (must not be carried forrward for next day).
SCALPING - This is a scalping strategy that is intended to make small profits in intraday trading
ENTRY CONCEPT -
- There must be 2 bulish candles and the 2nd candle's high should be greater than first candle's high.
- And If the latest candle high breaks high of the 2nd candle (prev candle), BUY signal is generated.
- Additional filters are added to reduce non-performaing trades.
- visa versa for SHORT signal
EXIT CONCEPT -
- 2nd candles low is the stop loss.
- Difference between 2nd candle high and 2nd candle low is target.
- The script will indicate when to BUY / SHORT and when to EXIT the trade.
INSTRUMENTS TO TRADE -
- High volatility instruments are best to be traded
- Nifty 50 stocks have been added to this indicator for the sake of screener. User can change these stocks with high volatility ones
- There is a limitation to add upto 40 scripts.
SCREENER FUNCTION -
- Right side of the chart has screener section which shows the list of stocks that qualify as per the BUY / SELL signal
NOTE -
The purpose of the scipt is for self learning / improvement and analysis.
Trading is a risky business and a trader must take any trade at their own RISK.
The author shall not be held responsible for Losses / Profits
money managementthis indicator has been designed to make your calculations easier and faster.
you can use this indicator to set tp and sl prices based on your entry price, balance,risk and leverage.
it has been designed only for cryptocurrency market and it is not recommended to use it in other markets!
1- enter your balance in the setting of the indicator.
2- enter risk percentage of your balance.
3- enter your sl percentage.
4- enter your tp percentage.
5- set your leverage if you are trading in futures market.
6- and at last set your entry price.
your position size both in spot market and futures market and the exact price of tp and sl , will be shown top right of the screen.
caution: before using this indicator in real market, please make sure that you understand this indicator's behavior and test it.
--------------------------------------------------------------------
این اندیکاتور برای تسریع محاسبات مدیریت سرمایه و سهولت رعایت آن طراحی شده است.
شما میتوانید با وارد کردن پارامترهاقیمت ورودی، سرمایه کل، ریسک و اهرم، قیمت حد سود و ضرر خود را محاسبه کنید.
همچنین اندازه حجم معاملات شما توسط این اندیکاتور محاسبه خواهد شد.
این اندیکاتور برای بازار کریپتوکارنسی طراحی شده است و استفاده از آن در سایر بازارها پیشنهاد نمیشود.
از بخش تنظیمات اندیکاتورمراحل زیر را انجام دهید:
1- میزان سرمایه خود را در قسمت بالانس وارد کنید
2- میزان ریسک سرمایه در هر معامله را مشخص کنید (به درصد)
3- میزان حد ضرر خود را مشخص کنید (به درصد)
4- میزان حد سود خود را مشخص کنید (به درصد)
5- عدد اهرم خود را وارد کنید
6- قیمت ورود به معامله را وارد کنید
توجه: قبل از استفاده این اندیکاتور در بازار لایو لطفا آن را تست کنید و از کارکرد صحیح آن با مدیریت سرمایه خود اطمینان حاصل فرمایید.
Financial Astrology Pluto LongitudePluto energy manifest as destruction, rebirth, death, waste, obsession, extremism, transformation, crime and underworld or unconscious. It takes in average 21 years to transit each zodiac sign so in relation to financial astrology, Pluto in Capricorn (current location) represent a generation that tends to be extremist and obsessed in materialism. This position also represent the evolution and transformation of some emergent economies that are raising the hand as the successors of the world power and the destruction of old professions with the rebirth of digital oriented jobs driven by technology (blockchain, artificial intelligence an internet). As Pluto travel towards Aquarius, this technology oriented transformation will reach the maximum momentum with a very intense technological disruption of the old tools we are accustomed to use today in favor of more powerful inventions that can take humanity toward the next level of evolution. Very likely this will be the massive adoption and popularisation of quantum computing, alternative energy sources and touristic space travels.
This indicator is not useful for short/mid term trends but as Pluto transit into different zodiac signs this will mark relevant disruptions in the humanity leadership organisation.
Note: The Pluto longitude indicator is based on an ephemeris array that covers years 2010 to 2030, prior or after this years the data is not available, this daily ephemeris are based on UTC time so in order to align properly with the price bars times you should set UTC as your chart timezone.
Average Daily Range TableThis is the last script to complete Vladimir Poltoratskiy's setup found in his books.
Poltoratskiy argues that you should not take any fractal corridors higher than 50% of the Average Daily Range. To be honest, even 40% is a lot, because then, your target will be 160% ADR away from your entry and one "fracture" just can't be enough to predict moves this big.
I chose a table to visually represent the indicator because it doesn't change its value during the day. It takes far less room on the chart.
There are also two simple moving averages. You may use the as an indicator if the relative volatility as of late is extremely low and in that case, perhaps, expect an increase in the coming days. They are applied to the Average Daily Range, not one day range!
Weighted Harrell-Davis Quantile Estimator with AbsoluteDeviation
QUANTILE ESTIMATORS
Weighted Harrell-Davis Quantile Estimator with Absolute Deviation Fences.
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is, following TradingView's regulations. Use of indicator and their code are published for work and knowledge sharing. All access granted over it, their use, copy or re-use should mention authorship(s) and origin(s).
WARNING NOTICE!
THE INCLUDED FUNCTION MUST BE CONSIDERED FOR TESTING. The models included in the indicator have been taken from open sources on the web and some of them has been modified by the author, problems could occur at diverse data sceneries, compiler version, or any other externality.
Purpose:
Weighted Quantiles or <> are quite difficult to find on must systems, also it's non-weighted approach are rarely used to estimate the location parameter of price distribution WICH IS NOT NORMAL, all this in favour of it's non-robust counterpart, the Arithmetic rolling Mean or <> and it's weighted variants like the WMA, VWAP, etc.
Also, a big drawback from this is that must statistics derived from Normal-Distribution parameter location (the Mean) definitely will not fit for an efficient, nor robust estimation for price distributions, so their moments like the standard deviation, kurtosis, skewness, etc. will not be the better tools to build derived algorithms or technical indicators among price/volume.
In an effort searching better statistical tools for price distributions, I found the excellent work of Andrey Akinshin that took me to port some of their Math research contributions for the compute benchmarking field , and bring it here at the TradingView ecosystem to take a shot at the price distribution crazy fields. For a better detail of what the weighted Harrell-Davis Quantile Estimator can do, who better than drink directly from the source at References:
References:
Weighted Quantile Estimators.
DoubleMAD outlier detector based on the Harrell-Davis quantile estimator.
Unbiased median absolute deviation based on the Harrell-Davis quantile estimator.
Quantile confidence intervals for weighted samples.
Licensing:
This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International Copyright (c) 2021 (CC BY-NC-SA 4.0)
Copyright's & Mentions:
The Gamma Functions & Beta Probability Density Functions C# implementations by the Math.NET Numerics, part of the Math.NET Project.
The Regularized Incomplete (Left) Beta Function C# implementation by the SAMTools, htslib project.
The Weighted Harrell-Davis Quantile estimator ; C# & R implementations by Andrey Akinshin.
External PineScript code, methods, support & consultancy by @PineCoders staff with special mention for:
+ "ma sorter ('sort by array' example)- JD" by @Duyck.
+ Porting, mods, compilation and debugging for this script by @XeL_Arjona for the TradingView's @PineCoders community.
Relative Volume & RSI PopThis is a basic idea/script designed to take a breakout trade by taking advantage of volume spikes when price/strength is extended (either long or short).
The script only utilises two indicators, the Relative Volume (RV) and the Relative Strength Index (RSI). The script allows the user to select a RSI value between 69 up to 100 for a long trade and between 35 down to 0 for short trade and then pair this with RV from 0 - 10. The period for both the RSI and RV can also be amended by the user but I found in most cases there was no benefit gained by changing away from normal "14" period lookback. The script typically only has small draw downs as the script is designed to exit the trade when the RSI returns back to "normalised" level, therefore the trades are generally quite short. The exit condition for a long trade is when RSI crosses back below 69 (which is why you cannot enter a long below this value) and for a short the, trade will close when RSI crosses back above 35 (which is why you cannot enter a short above this value). These exit values are locked.
By allowing RSI value to go all the way up to "100" on the long side and "0" on the short side this in effect is a way of eliminating the script from taking either longs or shorts if lets say you wanted to back test the script for long only spikes or short only spike. E.G. By setting RSI upper value to "75" the RV to "1" and RSI lower value to "0" then no short trades will not be taken in your back test as the RSI never really gets down to zero.
I put this together with meme stocks in mind and back tested it on day charts for AMC and then a few trending style stocks too. It typically worked best as long only and with RSI settings between 71 - 75 and RV at 1 or 1.5. I also found it had okay results on some lower 1hr timeframe futures markets and weekly time frames too (albeit trades were few and far between on weekly timeframe).
The beauty of such a basic script you could easily set up a trading view screener to look for these opportunities everyday and perhaps even add in an ADX filter on the screener to see if the trend is increasing. Then use this script to run a back test on the stocks that you've selected from the screener.
Maximized Scalping On Trend (by Coinrule)" The trend is your friend. " This is one of the most famous and valuable teachings that experienced traders can give to newbies. There is a reason for that.
No matter your views about where the price moves, what matters is where the price heads to . The market is always right, and ultimately it decides who gets the profit and who has to take a loss.
The purpose of this strategy is to spot when it's the most suitable time to buy an asset profiting from a potential short-term price increase. The strategy tends to open trades frequently, closing them on average in one and a half days.
ENTRY
The buy order is placed on assets that present strong momentum when it's more likely that it is about to increase further in the short term.
To capture momentum on the asset, the rule strategy requires:
the MA50 greater than the MA100
the RSI greater than 50
The rule, then, places the order when
The price crosses above the MA9.
EXIT
This strategy comes with a stop loss and a take profit which adapt dynamically to market conditions.
The trade is closed in profit when the RSI is greater than 70 , as the trend could experience a pull-back.
Alternatively, the trade is closed when the RSI is lower than 30 , being this a sign of weakening of the trend.
Pro tip : The 1-hour time frame has proven to return the best results on average. The strategy can also work well in the 15-min time frame if you want to increase the trades' frequency.
The strategy assumes each order to trade 30% of the available capital and opens a trade at a time. A trading fee of 0.1% is taken into account.
Financial Astrology Saturn LongitudeSaturn energy strengthen the temperance, rectitude, constancy, greed, pessimism and precautionary. Under this influence the crowd will move with caution, slow and with strong and rigorous sense, analysing the environment in detail and deducting all the possible action outcomes based on the past experiences and utilising all the accesible wisdom. This cycle rules the land and real state, the state and institutions, officials, and regulations.
Due to the essential nature of this energy is expected that traders take more caution and reflexion in their investment decisions where Saturn transits through earth element (Taurus, Virgo, Capricorn) because the persons become more prudent and rigid. In water elements (Cancer, Scorpio and Pisces) traders will be reducing exposure to risky assets because the emotions are more unstable and the fear to loss results in risk aversion.
This cycle takes 29 years to complete so we don't have enough observations in the crypto-currencies sector to evaluate the potential effect of Saturn through all the zodiac signs but with the historical data available, there are some interesting patterns: the most bearish zodiac signs was Scorpio (water) and Capricorn (earth) and the most bullish was Sagittarius and Aquarius. This correlates well with other planet cycles where we have observed that air zodiac signs are usually bullish.
This indicator provides longitude since 2010 so will be limited in the zodiac signs that is possible to be analysed, however the periods of retrogradation and stationary speed phases could give interesting trading signals. We encourage you to analyse this cycles in different markets and share with us your observations, leave us a comment with your research outcomes. Happy research!
Note: The Saturn tropical longitude indicator is based on an ephemeris array that covers years 2010 to 2030, prior or after this years the longitude is not available, this daily ephemeris are based on UTC time so in order to align properly with the price bars times you should set UTC as your chart reference timezone.
Crypto momentum strategyThis strategy is based on LazyBear's Squeeze Momentum indicator. It analyzes when the trend in the momentum is shifting, locating the peaks and the valleys, and takes those as sell and buy signals respectively. This is a long strategy, so it also takes into consideration the 50 period Exponential Moving Average to identify upward trends. If the closing price of the candle is above the 50EMA, and the slope of the 50EMA is trending upwards, then the buy signal is executed. If these conditions are not met, the buy signal is ignored.
This strategy works well with crypto trading on the day/week charts.
It has a profit ratio of 4:1 on average, and roughly half of the trades are profitable.
Bollinger Band + RSI + ADX + MACD + HeikinashiThis script takes into picture Bollinger Bands, RSI with a comparator value, ADX with a comparator value, and MACD with Heikinashi Direction
THIS IS A LONG-ONLY STRATEGY. SHORT TRADES ARE NOT INCLUDED
Strategy:
The Strategy takes a trade only after ALL the following conditions are met.
Candle low is lower than the Bollinger Lower band
RSI is higher than the comparator value
ADX is higher than the comparator value
MACD value is higher than the Signal value
Stop Loss : Max of (Low of the candle - 0.22% and Close of the candle - 0.32%) - FYI, because its max, it's lower of the 2 and your risk is lesser
Target : Max of (Bollinger Band Upper band and 0.75% of the value of underlying) - FYI, it takes the maximum available
+ ALMA Trend DetectorHi, again. Here I have a nice moving average script designed to get you into trends and keep you in trends until the opportune moment comes to exit. And, as with any indicator, or suite of indicators, designed to get one into trends and keep him/her in a trend, they do not do so well in chop/ranging/mean reversion conditions, though I would say this one is better than most, otherwise I wouldn’t be fitting it into my trading system.
This is a huge improvement, in my opinion, over an indicator I found recently, and like quite a bit by samsmilesam, which you can find here: www.tradingview.com
In this adaptation of his script I changed a bunch of things, but kept the spirit of the indicator true.
This indicator utilizes three different length Arnaud Legoux moving averages, known for being extremely low lag, and incredibly adjustable (though I find the original authors settings excellent).
While he has buy and sell signals triggering regardless of the fast and slow ma’s position to the trending ma, I actually take the trending ma into account. Furthermore, I wouldn’t say I coded in signals indicating buying and selling, but that I coded in signs that answer the question “what kind of trend are we in?” as well as possible ideal trade exits (which couuuuuld also be taken as entries, but aren’t necessarily meant to).
So, the deets on this:
1) 5 period, 20 period, and 70 period ALMAs. Fast, slow and trend. All customizable independent of each other (unlike the sam’s). All three also change color based on their own individual trends.
2) Uptrends are identified when price is closing above the Trend ma, and both Fast and Slow ma’s are above the Trend ma, and vice versa for downtrends. There are in-between points when a trend is not identified, and this is when price closes above or below the Trend ma, but the other two ma’s have not crossed it. Background color is used to identify the trend.
3) Trade exits are based on closing price and Fast and Slow ma’s relative to the Trend ma, once again. To signal exiting an uptrend price must close below both Fast and Slow ma’s and both Fast and Slow ma’s must be above the Trend ma; and vice versa for exiting a down trend. Obviously there may be false signals, but there are fewer signals, and I think it’s a better strategy than most. I prefer to filter out as much noise as possible. There’s little worse in my opinion than an indicator that gives too many false signals, but obviously it’s impossible to remove them all. Some discretion is necessary on the part of the trader.
4) So what does this mean for trade entries? Well, you can certainly enter a trade on a signal for an exit (go long on a short exit signal) if the chart looks good for that. Or you can wait for trend confirmation with the background color, entering on a pullback to the ma’s perhaps. Or you can enter in the “no man’s land” in between trends. If you’ve exited and price continues on trending your best bet would be to wait for a pullback into the ma’s or a s/r level, or look for the next candle that closes beyond the Fast and Slow ma’s. These are just thoughts of mine.
5) Lastly, there are alert conditions set for uptrends, downtrends and both long and short exits!
Enjoy the indicator! I think with some sort of bands or channels for those times when the market is rangebound or in chop, you could really crush it with this.
BankNifty Volume Indicator
KEY TAKEAWAYS
- Uses BankNifty Index Stocks Volume.
- BankNifty Volume Indicator is created by adding all BankNifty Stocks Volume together.
- BankNifty Volume will be an important indicator in BankNifty Index technical analysis because it is used to measure the relative significance of a market move.
- The higher the volume during a Banknifty index price move, the more significant the move and the lower the volume during a Banknifty index price move, the less significant the move.
- Moving Average is also added.
NSE:BANKNIFTY
Trend Surfers - Premium Breakout + AlertsTrend Surfers - Premium Breakout Strategy with Alerts
I am happy today to release the first free Trend Surfers complete Breakout Strategy!
The strategy includes:
Entry for Long and Short
Stoploss
Position Size
Exit Signal
Risk Management Feature
How the strategy works
This is a Trend Following strategy. The strategy will have drawdowns, but they will be way smaller than what you would go through with buy and old.
As a Trend Following strategy, we will buy on strength, when a breakout occurs. And sell on weakness.
The strategy includes a FIX Stoploss determined by an ATR multiple and a trailing Stoploss/Takeprofit also determined by an ATR multiple.
You can also manage your risk by entering the maximum % you are willing to risk on every trade. Additionally, there is an option to enter how many pairs you will be trading with the strategy. This will change your position size in order to make sure that you have enough funds to trade all your favorite pairs.
Use the strategy with alerts
This strategy is alert-ready. All you have to do is:
Go on a pair you would like to trade
Create an alert
Select the strategy as a Trigger
Wait for new orders to be sent to you
Every Entry (Long/Short) will include:
Market Entry (Enter position NOW!)
Stoploss price
Position Size
Leverage
* If you do not wish to use leverage, you can multiply the Position Size by the Leverage. But doing that, you might end up with a position greater than your equity. Trading on Futures is better in order to have accurate risk management.
Exit signals:
When you receive an exit signal, you need to close the position ASAP. If you want to keep your results as close as possible to the backtest results, you need to execute quickly and follow what the strategy is telling you.
Do not try to outsmart the strategy
Leave your emotion out of trading! If you trust the strategy, you will have way better returns than if you try to outsmart it. Follow each signal you receive even if it doesn't seem logical at the moment.
Become a machine that executes. Don't look at fundamentals. Follow the trend! Trust the strategy!
I hope you enjoy it!
CCI Overbought & OversoldThe Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold
Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a trade, or add to an existing position. In this way, the indicator can be used to provide trade signals when it acts in a certain way.
KEY TAKEAWAYS
The Commodity Channel Index (CCI) is a technical indicator that measures the difference between the current price and the historical average price.
When the CCI is above zero, it indicates the price is above the historic average. Conversely, when the CCI is below zero, the price is below the historic average.
The CCI is an unbounded oscillator, meaning it can go higher or lower indefinitely. For this reason, overbought and oversold levels are typically determined for each individual asset by looking at historical extreme CCI levels where the price reversed from
This script calculates Commodity Channel Index (CCI) value and fills background of price action chart with colors:
Green zone indicates oversold zone where you can enter position
Red zone indicates overbought zone where a positions should be closed
Average Directional Index + ΔDI± (Delta)Average Directional Index (ADX) and Difference between DI+ and DI- (ΔDI±), I call it Delta for short.
The idea explained:
ADX is a common indicator for analysing trend strength. Values over 25 usually indicate the symbol is in "trend mode", meaning there is a lot of momentum, upwards or downwards, - while values under 25 suggest it is in "range mode", the price moves sideways, lacking energy. Note that this indicator is not volume-based.
I moved the graph (red) down 25 points; this version shows positive values in "trend mode" (>25), and negative values in "range mode" (<25). The line sits at 0. The underlying code for the ADX is basically identical to the official TradingView built-in version.
Now the exciting part: DI+ and DI- are used to calculate the ADX. They are sometimes included in the ADX indicator chart, I included a version that shows them in the graphic, at the bottom. Traditionally, DI+ (green) crossing DI- (dark red) from below shows the beginning of an upward trend, and therefore a good LONG entry position. However, I noticed that this is usually not the case: this method responds very slowly to the actual price movement. At the point the indicator tells you to enter, the trend is usually already exhausted.
I found a better way to use this data; instead of waiting for both graphs to cross, meaning the difference in their respective values is 0, we look for the greatest possible difference. That is what the purple graph of my indicator shows (ΔDI±). It utilizes the zero-line we already created for the ADX. High positive values declare that the DI+ is much greater than the DI-, and vice versa. Delta is the greek letter used in mathematics for difference, so that is what I call this indicator.
How to use it:
When you look at the graph, low Delta values seem to be good entry points for LONG positions, high Delta values good exits. This is similar to how RSI and CCI work, which is why included them in the chart above (). However, this is only reliable, when the ADX is above 25, or 0 in this version, indicating the symbol is in "trend mode". This is important .
When you look at the examples in the chart, you can confirm that. The marked candles show good entry and exit points, with Delta being notably low/high (±25 seems to be a good threshold, the dashed lines sit at +30/-30), and the ADX above 0 (25). Now, you might have noticed that around mid-december the Delta actually registers the highest value for this symbol in the given time frame, indicating a strong SHORT after a steep climb. But, importantly , the ADX is not in "trend mode" as required for a clear signal, it is in "range mode": the price discovers this new level and takes a few days to get used to it. It does not fall. This shows why only the combination of both Delta and ADX gives desirable results.
I noticed that this seems to work best for 1D and 1H candles; if you find any other time frames or scenarios, let me know!
PLEASE NOTE THAT THIS IS BASED ON PERSONAL, EMPIRICAL OBSERVATIONS. PAST RESULTS DO NOT GUARANTEE SUCCESS IN THE FUTURE. DO NOT TAKE THIS AS INVESTMENT ADVICE!
Thanks to TradingView and robertkowalski for providing the basis on which the code is built. Credit goes to the appropriate developers/owners.
()
Let me know if you make any other observations, or find other ways to use the data!
(Custom)Bollingers Bands Fibonacci ratiosThis is a modified Bollinger bands that uses EMA,with ATH to get a main average and then takes Standard Deviations by Fib ratios outwards. It is very useful for Entries and exits. I Typically use it to exit longs or shorts, entries are a bit harder. Generally the price will wick just barely or briefly into the end of one of the bands and then leave, it PINGs it and that is your exit. It is a little hard to predict in real time and set a Take profit at any exact point because it is always moving, but because it constantly adjust it is pretty damn accurate at nailing it. They sorta work at any timeframe, so its up to you, though for Crypto it doesnt do so well above 4hr because it can pump really hard or dump hard and super stretch the bands. Best numbers for the Average are Fib numbers. Stick to using 13, 21, and 34. 34 is my favorite and works best for me, But its up to you. Sometimes its benificial to use 34 on lower timeframes and maybe a smaller number on larger ones IE 21 or 2 or 4hr charts.
Once again it is up to you how to use it. I dont have credit for the original version of it. It is someone else's who I think modified another person's version lol. Ill try and find their name and post a comment though for who I took the original code from.
Scalping Dips On Trend (by Coinrule)Coinrule's Community is an excellent source of inspiration for our trading strategies.
In these months of Bull Market, our traders opted mostly on buy-the-dips strategies, which resulted in great returns recently. But there has been an element that turned out to be the cause for deep division among the Community.
Is it advisable or not to use a stop-loss during a Bull Market?
This strategy comes with a large stop-loss to offer a safer alternative for those that are not used to trade with a downside protection.
Entry
The strategy buys only when the price is above the Moving Average 50 , making it less risky to buy the dip, which is set to 2%.
The preferred time frame is 1-hour.
The stop-loss is set to be quite loose to increase the chances of closing the trade in profit, yet protecting from unexpected larger drawdowns that could undermine the allocation's liquidity.
Exit
Stop loss: 10%
Take Profit: 3%
In times of Bull Market, such a trading system has a very high percentage of trades closed in profit (ranging between 70% to 80%), which makes it still overall profitable to have a stop-loss three times larger than the take profit.
Pro tip: use a larger stop-loss only when you expect to close in profit most of the trades!
The strategy assumes each order to trade 30% of the available capital and opens a trade at a time. A trading fee of 0.1% is taken into account.
