Renko StrategyRENKO STRATEGY
CAUTION : This strategy must be applied to a candlestick chart (not a Renko chart).
INTRODUCTION :
The Traditional Renko chart has been reproduced and is plotted according to the evolution of the price. It will enable us to receive buy or sell signals and follow major trends. This is a medium/long term strategy and depends a lot on the box size chosen in the parameters. There's also a money management method allowing us to reinvest part of the profits or reduce the size of orders in the event of substantial losses.
RENKO CHART :
Renko chart construction methodology :
The user must first choose the box size. The minimum is 0.00001 and there is no maximum. The default is 10. The user must then choose the source that will define the data on which the calculations will be based (high, low, open, close). By default, close is selected. The first candle on the chart is used to draw the first box with its high and low.
Each time the price changes by the amount of the box size relative to the high or low of the last box, a new box is added above or below the previous one. If price variations are less than the box size, the same box is added next to the previous one. If price variations are N (integer number) times greater than box size, N boxes are added above or below the previous one. Each box added above the previous one is a green box, while each box added below the previous one is a red box.
Conditions for drawing a green box above the previous one :
(source - high_of_the_last_box) / box_size > 1
Condition for drawing a red box below the previous one :
(low_of_the_last_box - source) / box_size > 1
If neither condition is triggered, the same box is drawn next to the previous one.
Example :
The last candle has drawn a box with low 12 and high 14. The box size is therefore 2. The strategy will look at the value of the close each time a candle ends. The current candle closes with a close equal to 15.5. As the variation from the previous high is only 1.5 (which is less than the box size), the same box is added next to the previous one. The next candle closes at 16.2. The price variation is therefore 2.2 compared with the previous high. We can now add a new green box just above the previous one, with a low of 14 and a high of 16. The same process applies if the candle's close is at least one box size below the low of the last box. In this case, a new red box is placed below the previous one.
PARAMETERS :
Source : Allows you to specify which data will be taken into account by the strategy when performing calculations. The default is close.
Box size : Size of Renko graph boxes. This is a very important parameter to choose carefully, as it has a strong impact on the strategy's performance. Defaults to 10.
Fixed Ratio : This is the amount of gain or loss at which the order quantity is changed. The default is 400, meaning that for each $400 gain or loss, the order size is increased or decreased by a user-selected amount.
Increasing Order Amount : This is the amount to be added to or subtracted from orders when the fixed ratio is reached. The default is $200, which means that for every $400 gain, $200 is reinvested in the strategy. On the other hand, for every $400 loss, the order size is reduced by $200.
Initial capital : $1000
Fees : Interactive Broker fees apply to this strategy. They are set at 0.18% of the trade value.
Slippage : 3 ticks or $0.03 per trade. Corresponds to the latency time between the moment the signal is received and the moment the order is executed by the broker.
Important : A bot has been used to test all possible box sizes to find out which one generates the highest return on BITSTAMP:LTCUSD while limiting the drawdown. This strategy is the most optimal with a box size equal to 5.08 in 8h timeframe.
BUY AND SHORT SIGNALS :
As the aim of this strategy is to follow major trends based on price movements, we need to be on the right side of price fluctuation. We trade every box reversal, i.e. we are LONG when the boxes are green indicating an uptrend and SHORT when they are red indicating a downtrend.
RISK MANAGEMENT :
This strategy can incur losses. The size of the box is decisive, as it is used to plot the RENKO chart and thus trigger buy or sell signals. It's also what allows us to manage risk. For every trade, we risk a maximum amount equal to 2 times the size of the box, i.e. :(5.08*2*nb_contract)/trade_value.
MONEY MANAGEMENT :
The fixed ratio method has been used to manage our gains and losses. For each gain of an amount equal to the value of the fixed ratio, we increase the order size by a value defined by the user in the "Increasing order amount" parameter. Similarly, each time we lose an amount equal to the value of the fixed ratio, we decrease the order size by the same user-defined value. This strategy not only increases our performance, but also our drawdown.
Enjoy the strategy and don't forget to take the trade :)
Cari dalam skrip untuk "bot"
SpiceIn the chart photo is a description for each shape and letter, saying what each one is.
BB, Reversals are off by default.
BB + Reversals + Next bar confirmation - The way this should be used is by waiting for a 1 or 2 bar confirmation closed above/below the high/low of the Reversal candle. So if its a Top R, a yellow box will print as a confirmed 1 bar if it closed below the top R's low, then you can wait for the second bar to close also below the Top R's low. Vice versa with the Bot R.
RSI arrows - Essentially showing you when the multi time frame RSIs are coming back up above 30, or below 70. Respective to what time frames you have selected.
Three Line Strike - A trend continuation candlestick pattern consisting of four candles
Leledc Exhaustion suggest the trend may be reversing. Combined with the moving average as a trend filter, the indicator can signal the end of a pull back and the continuation of the trend.
EMAs - Help measuring the trend direction over a period of time.
Credit to all these amazing creators -
Multi Timeframe RSI (LTF) by @millerrh
3 Line Strike by @Lij_MC 'MarketVision A'
Leledc Exhaustion by @glaz, used updated version by @Joy_Bangla
If anyone uses the BB reversals source code to put into their own indicator/strategy, you are free to do so. Just send me a message I'd love to see your work with it! :)
Thanks to Lij_MC's MarketVision A indicator for inspiring me to add more features. At first it was just the RSI Arrows and the BB reversals candles + Condition but then I found MarketVision A and loved the extra Leledc and 3 Line Strike features.
Hope you enjoy this Spice!
No Signal is 100% correct at what it's trying to do. Use caution when trading!
Practice Risk Management.
TTP Pair CipherPair Cipher can run your hedge pair trading strategy.
Pair cipher can use a spread chart (two assets ratio or difference) to manage a hedge position consisting of two assets: one long and one short position.
Event though the spread chart is used to determine the entries and exits each coin price action is used to calculate floating PNL.
It supports different bot platforms. It's backtestable and can run live.
Features:
- Internal and external entry signal
- In-chart realised PNL plot
- Hedge position floating PNL chart
- Individual floating PNL for each long and short ("show coins" toggle)
- Retracement exit strategy: determine at which retracement factor to exit your position while in profit
- PNL RSI exit strategy: determine at which RSI level crossunder you'd like to exit. RSI is applied to the floating PNL
- Static TP/SL levels
- ATR TP/SL levels with individual factors. When ATR is selected the TP or SL acts as a multiplier of ATR instead.
- On-chart debug labels for alerts
- Intra candle alert: signals can trigger intra candle in this mode, but this mode will cause repainting. Example: if the position goes below SL intra candle, the alert will be sent, but later if it goes in profit before closing the candle, the backtest will continue with the position open. The backtest does NOT have access to the intra candle data. Alert intra candle reduces the risk of not applying SL.
Example of setup:
1) Load an empty 1 hour timeframe chart with the spread BYBIT:REQUSDT.P / BYBIT:REEFUSDT.P
2) Select an investment amount
3) Select TP 1.2 and enable ATR
4) Select SL 1.1 and enable ATR
5) Select RSI profits of crossunder 70
6) Don't enable external signal (you can try with TTP PNR)
7) Select BYBIT:REQUSDT.P as symbol 1
8) Select BYBIT:REEFUSDT.P as symbol 2
The Master Pattern Indicator***READ THIS FIRST****
THE MASTER PATTERN Indicator
USER AGREEMENT
*** The personal/private use of this indicator is allowed, commercial use is FORBIDDEN.
***Commercial use will be interpreted as taking advantage of the free indicator in order to profit from it, for example: as part of any courses or mentorships offering training of the indicator or the concept its based. You don't need to pay for any training for this, the strategy is a simple trend following approach, even a caveman would understand.
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Now please enjoy the BEST Master Pattern indicator you will ever find for Tradingvew, and for the best price: FREE.
Please do not give money to people trying to charge you for any inferior version of this indicator.
DESCRIPTION
The Master Pattern indicator or The Forex Master Pattern is an alternative form of technical analysis that provides a framework which will help you to find and follow the hidden price pattern that reveals the true intentions of financial markets. This algorithm I came up with does a very good job detecting the Phase 1 of the Forex Master Pattern cycle, which is the contraction point (or Value), and then proceeds to differentiate between major or minor lines and prints the liquidity lines the correct manner in relation to the swings expanding from the contraction.
On Phase 2 we get higher timeframe activation (also called Expansion), which is where price oscillates above and below the average price defined on Phase 1.
On Phase 3 is where we get a sustained deviation from value (the Trend).
In a very short time you will start noticing this pattern, even on naked charts. It is all a matter of training your eyes - the more time you invest studying the charts with this indicator (both historically and replaying the market on strategy tester), the faster you will become familiar with this method.
This indicator DOES NOT REPAINT. You can safely study the chart historically because what is printed historically is what prints real time.
Why do traditional based indicator systems fail over time? Because the markets move in cycles that constantly change structure. Those traditional indicator systems must be constantly optimized and settings tinkered with because of the changing market environment. There are an infinite number of variables that affect price so no exact technical system can work the same forever, which is also the reason why most bots/EA fail.
If you learn to spot the Forex Master Pattern and understand the sequence of the real cycles that drive the markets, you can more accurately forecast market behavior. By using traditional indicators you end up masking this pattern.
Use the insights provided by the Forex Master Pattern indicator to elevate your trading to the next level.
This method of analysis works in any liquid market and timeframe.
VERY IMPORTANT:
The default setting of historical bars is set to 500. This is more than enough for day trading and ensures fast drawings loading time and stable performance. Bear in mind that, the more bars you choose to load historically, the longer it will take to draw everything. The max setting of this input for now is 800. If it is possible to increase it, I will update the code. So if you want to make historical analysis far in the past, just use the chart replay feature.
Indicator Parameters:
They are all self-explanatory, except Type. You can choose between 1 and 2.
1 is better suited for LTF (M1 to M30)
2 is better suited for HTF (H1 and upwards)
However, this is my personal preference. You can of course experiment and choose what looks best for you.
Instructions to use the alert function:
1st step - Choose symbol and timeframe for the alert
2nd step - Go to indicator settings and tick/untick the boxes for the alerts you want
3rd step - Click on the ... (three dots) next to the indicator name (chart upper left corner) and click to add indicator alert
Then it's gonna add the alert with the conditions that you've ticked/unticked inside indicator settings.
Then repeat the process for different symbols, timeframes and different alert conditions.
Bonsai BX (Backtester)In today's trading landscape, traders need precision and deep analytical tools to navigate the sea of strategies. The Bonsai Backtester is one such tool, meticulously designed to evaluate multiple trading strategies in an integrated manner.
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🌳 Bonsai BX 🌳 Universal Strategy Testing
📘 Overview
A product of collaboration with the Bonsai community, this backtester is both a reflection of collective insights and a means to provide traders with data-driven insights on TradingView.
📌 Current Backtest
• Dataset: BTCUSD daily candles from Coinbase, starting from March 2015.
• Source Signals: The Bonsai indicator signals are employed for both long and short entries. These are directly visible on the publication chart.
• Trading Assumptions:
• Initial Capital: $1,000
• Maximum Position Size: 10% of equity per trade
• Stop Loss: 10% per position
• Commission: 0.1%
• Slippage: 100 ticks (1.00)
🛠 Key Features
The Bonsai BX is equipped with a range of features aimed at providing traders with a more comprehensive analysis environment:
Features on Chart
• External Indicator Adaptability: Easily incorporate signals from both built-in and custom TradingView indicators.
• Snapshot Table: Delivers on-the-spot insights into crucial strategy performance metrics, including equity, open profit, position size, and entry price. While these details are available in TradingView's 'Performance Summary' panel, we've integrated them directly onto the chart for a more streamlined and accessible viewing experience.
• Trade Labels: Visualize profit metrics for individual trades directly on the chart, allowing for a more immediate grasp of trade outcomes.
• Long & Short Behaviors: Modify long behaviors to either open new long positions while closing short ones, or simply to close short positions. Conversely, for short behaviors, opt to either initiate new short positions while closing any active long ones or simply close long positions.
• Multiple Signals Integration: The tool can currently handle up to three different external signals for long and short trades.
• Condition-based Initiation: Define whether longs and shorts are triggered when 'All Conditions Met' or just 'Any Single Condition Met'. This flexibility allows for a more nuanced trading approach. For example, if you're using a trade signal alongside the RSI, you can specify that a long position should only open when the trade signal is active and the RSI is below 30 at the same time. This lets you combine multiple signals or conditions for more precise trade initiation.
• TP & SL Customization:
• Single TP: Set a specific Take Profit percentage.
• SL: Define a Stop Loss percentage and choose between a standard or trailing stop.
• Trail From: Specify the starting point of the trailing stop, be it the breakeven point or a certain percentage.
• Interface Theme: Users can select between light and dark themes for their interface.
Performance and Trailing
🎛 Using Bonsai BX
1. Add it to your TradingView chart.
2. Adjust script parameters and settings. Integrate external indicator signals as needed.
3. Activate the backtester to refine trading strategies.
Backtester Settings Menu
🪝 Webhook (Beta)
The Webhook functionality, now in beta, augments the Bonsai BX utility. This feature offers a more intuitive method for users to direct webhooks to trading bots, exchanges, and brokers. It simplifies the process by eliminating the need to adjust JSON structures or other payload formats, making alert automation more accessible.
📜 Feedback & Community
The feedback from the Bonsai community has been instrumental in the tool's development and will continue to shape its evolution. As part of our commitment to adaptive, smart trading, this script will continually be updated to meet the ever-changing requirements of traders.
❗️ Disclaimer
Backtesting tools, including the Bonsai BX , simulate trading strategies based on historical data. The following key points should be kept in mind:
1. Past Performance is Not Predictive: While backtesting can offer insights, it's essential to understand that past performance does not guarantee or predict future results. Historical data might not account for future market changes or unforeseen events.
2. External Influences: Market outcomes can be significantly influenced by various external factors like geopolitical events, economic announcements, and sudden shifts in market sentiment. Such factors are often not considered in backtesting simulations.
3. Market Dynamics: Elements like market volatility, liquidity constraints, and slippage can drastically alter expected outcomes. These dynamics might not always be accurately represented in backtest simulations.
4. Limitations of Simulated Trades: Backtesting operates under the assumption that historical trends and patterns will replicate. However, market conditions evolve, and what worked in the past might not necessarily be viable in the future.
5. Informed Decisions: Always base your trading decisions on a mix of comprehensive research, current market analysis, and risk assessment. Relying solely on backtested results can lead to misconstrued perceptions and potential pitfalls.
Trading involves risks, and it's crucial to be fully informed and cautious before making any investment decisions. Always consider seeking advice from financial experts or professionals when in doubt.
BE - Strategy Builder ToolkitIndicator vs Toolkit:
This is definitely not an indicator, hence this doesn't do any kind of analysis nor provide meaningful outputs where you can take trading decisions out of it.
This is a Strategy Builder Toolkit which works like any other broker/3P applications, which helps traders to build their own custom/ predefined strategies, save / deploy them at their wish.
Idea Behind Developing this Toolkit: I am sure many of traders have overcome scenarios where, on break of x level he wants to initiate straddle else he wants to initiate Iron Condor. Some of them wants to deploy custom strategies only at certain time or at certian price levels.
It becomes pretty difficult to track markets when you are away from desk and if you dont adjust the strategy legs, you are incurring big drawdowns. There are many if's and buts to deploy strategies.
To overcome such challenges, i have built this toolkit.
Note: As this is just a toolkit, you should conduct your analysis to gauge the market direction outside the perview of this. Once you know the view / direction of the script. you can use this toolkit in action to
1. Deploy Strategy at (Desired levels| Desired time|Confired Levels|Confirmed Volumes)
2. Strategy can be Prebuilt / Custom Built
3.1 Set SL, Target for Directional view (Trail SL aswell)
3.2 Set Upside or Downside Target for Non Directional view (Trail SL aswell)
3.3 let the strategy play with out SL|Targets for consolidation view.
4. Adjust Legs by closing existing position and opening fresh position or place fresh adjustments
5. Book partial Profits with in the zone.
How the Toolkit is buit: Script uses text related functions to understand the custom input given in the indicator and coverts into a strategy and deployes them as a algo trading (Next Level Bot) with the additional parameter set for SL|Target|Entry levels.
Understanding the settings:
1. Strike Difference: is basically a value between each strike. eg: Banknifty : 100, Nifty & Finnifty: 50
2. 1 Lot Qty: Qty per Lot accepted by exchange|Broker. eg: BNF: 15, Nifty: 50, Finnifty: 40
3. Lot Multiplier: If you build strategy with 1 lot and if you set the Lot multiplier as 2 then strategy gets deployed with 2 lots. for eg. If i have saved strategy to buy BNF 1 ITM with 1Lot and have set lot multipier to 3 then at the time of deploying the trade it pushes as 3 lots (3 * 15Qty per lot = 45Qty) of 1 ITM strike.
4. Symbol Name: Select the Symbol Name here.
5. Current & Next Week Expiry Date: Specify the expiry Dates in the format as supported by your broker.
6. Broker Name, Exchange & Product Type: hope it is self explanatory.
IMPORTANT settings to understand:
7. Triggere Entry Post (optional): You have to specify when you want to deploy the strategy. For instance, if i want to deploy my strategy at 30 min after market open which is 9:45 am, then i have specify as 0945. Another instance where i want to close my strategy at 3 PM then you have to specify as 1500. Uncheck this option if you are not worried about the time of entry.
My personal Used Case: On the Expiry -1 Day at 0916 (9:16AM) i will buy 6 lots of 8OTM PE & CE and Sell 2 lots 7OTM, 2 lots of 6OTM and 2 lots of 5OTM and close the trade by 1100 (11AM).
8. Price Levels (Confirmed vs UnConfirmed) (Optional): Confirmed is basically price is sustained at|around the specified price level, where in UnConfirmed is basically the touch of the specified level.
for instance if i want to deploy straddle only if price is sustained at 100. then, i would specify GE with 100 in price input settings, and check thee Confirmed price box. Assuming if LTP is running at 98 and with the above settings it will only deploy the trade upon price is sustained at 100 level for 3 to 5 candles not at the touch of 100.
Uncheck this option if you are not worried about the Entry Price.
9. Confirmed Volume (Optional) (Long or Short): Basis your view|direction of the strategy. you can get additional confirmation. At the time of entry you want volume to be present towards the direction of the strategy. Uncheck this option if you are not worried about the volume or Volume doesn't exist for the chart loaded.
10. Alert Types: It consists of 3 Long & 3 Short directional (prebuilt) strategy along with Close Strategy, Close Specified Symbols Only & Design Custom Strategy Option.
10.1 : Slow Upmove - If you are having bullish view and predict that prices shall go slow and steady. This strategy can be deployed where you get the benifit of time decay as well while the delta play in favor of you. (viseversa for Slow DownMove)
10.2 : Fast Upmove - If you are having bullish view and predict that prices shall go fast. This strategy can be deployed where you get the smaller benifit of time decay as well while the delta play in favor of you. (viseversa for Fast DownMove)
10.3 : Vol Upmove (Volatality)- If you are having bullish view and predict market is tend to be volatile. This strategy can be deployed where you get the benifit of volatility as well while the delta play in favor of you. (viseversa for VolDownMove)
10.4 : Close Trade - You can use this option close the deployed strategy completely.
10.5 : Close Symbols - You can use this option close few of the symbols for the strategy deployed.
10.6 : Custom: Use this option to design you own custom strayegy with the syntax below:
Sample 1:
N|B|C2|3
N refers to Nextweek Expiry (if C is used then Current week expiry)
B refers to Buy (if S is used then Sell)
C refers to Call | CE (if P is used then PE or Put)
2 refers to 2OTM (for CE any Postitive number refers to as OTM and for PE it will be treated as ITM strikes & 0 refers to as ATM - viseversa for Negative Numbers)
3 refers to as 3 Lot
With the syntax of N|B|C2|3 - strategy will be deployed as "Buy 3 lots of 2 OTM Call of Next expiry"
Sample 2:
C|S|P-3|3|10|30
Above syntax means: SELL Current Expiry 3 Lots of 3 OTM Put Strike with 10 SL and 30 TGT
Sample 3:
C|S|C10|3|Default
Above syntax means: SELL Current Expiry 3 Lots of 10 OTM CALL Strike with 50% SL and 95% TGT
Sample 4:
C|B|C-2|3|40%|50%
Above syntax means: BUY Current Expiry 3 Lots of 2 ITM CALL Strike with 40% SL and 50% TGT
Sample 5: Long Straddle
C|B|C0|3
C|B|P0|3
Above syntax means: BUY Current Expiry 3 Lots of ATM CALL & PUT Strike
Sample 6: Iron Butterfly
C|B|C1|1
C|S|C0|1
C|S|P0|1
C|B|P-1|1
Above syntax means: Sell Current Expiry 1 Lots of ATM CALL & PUT Strike and BUY 1OTM Call & Put Strike
Sample 7: Diagonal Spread
C|S|C2|1
C|S|P-2|1
N|B|C3|1
N|B|P-3|1
Above syntax means: Sell Current Expiry 1 Lots of 2OTM CALL & PUT Strike and BUY 3OTM Call & Put Strike of Next Expiry.
To Understand how to deploy Strategy with defined Adjustments. For instance i want to deploy Iron Condor with Adjustments for BNF when the price is currently running at 45000.
C|B-|C3|1
C|S*|C2|1
C|B--|P-3|1
C|S**|P-2|1
At:2|C|S|C2|1
At:2|C|B|C3|1
At:-2|C|S|P-2|1
At:-2|C|B|P-3|1
On:2|*
On:-2|**
On:2|-
On:-2|--
With the above syntax: Intial trades are placed with
BUY BANKNIFTY45300CALL(Current Expiry) 1 Lot
BUY BANKNIFTY44700PUT(Current Expiry) 1 Lot
SELL BANKNIFTY45200CALL(Current Expiry) 1 Lot
SELL BANKNIFTY44800PUT(Current Expiry) 1 Lot
Toolkit tracks the price and holds the adjustments.
We may start to bleed on the sold leg (45200CALL) once the price crosses 45200. Hence if the price crosses 2 strike upside as specified with syntax " On:2|* " where * is a character tagged to Sold Call Leg. it closes the 45200 Call.
Similarly, " On:2|- " where - is character tagged to Brought Call Leg. it closes the 45300 Call, as soon as prices reaches 2 strike upside.
At:2|C|S|C2|1
At:2|C|B|C3|1
With the At Statements you can place the fresh adjustments legs. Above syntax refers to Once the price reaches 45200 it places below adjustment legs.
BUY BANKNIFTY45500CALL(Current Expiry) 1 Lot
SELL BANKNIFTY45400CALL(Current Expiry) 1 Lot
Note: Similarly If prices reaches downside with the On and At Sytax it places the necessary adjustment legs accordingly.
11. SL & TGT - You can specify SL, TGT or Upside & Dowside TGT during the entry conditions and Stratey shall be closed upon hitting either the SL or TGT accordingly.
12. On % Tgt & Lock % SL: This option is used for Prebuilt strategy where you can lock the Profit | Set Revised SL upon hitting specified TGT percentage.
13. Close Symbols: This option is used if you select Alert type as Close Symbols (Ref - 10.5 : Close Symbols) for specified list of symbols Alert shall be pushed to close the open positions of those symbols.
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
[OKX Signal Bot] Indicator Script Set Up TemplateDiscover the power of the Turtle Trade Channels Indicator (TUTCI), an innovative tool that integrates the time-tested principles of the legendary Turtle Trade system. This groundbreaking system shattered the belief that successful traders are born, not made, by transforming ordinary individuals into profitable traders.
The Turtle Trade Experiment, which achieved a remarkable 80% annual return over four years and amassed a staggering $150 million, showcased the immense potential of this trend-following strategy. Unlike the conventional "buy low and sell high" approach, the Turtle Trade system embraces a different philosophy—one of capturing substantial profits by following prevailing trends.
At the heart of the Turtle Trade Channels Indicator lies the concept of Donchian Channels, a powerful technical indicator developed by Richard Donchian. Building upon this foundation, the main rule of TUTCI is to identify 20-day breakouts and capitalize on them, while simultaneously utilizing a profit-taking strategy based on breaching 10-day highs or lows.
For long trades, the indicator signals a buying opportunity when the price breaks above the 20-day high. Conversely, for short trades, a selling opportunity arises when the price falls below the 20-day low. This systematic approach allows traders to align themselves with the prevailing momentum, capturing significant price movements.
To further enhance trading precision, TUTCI incorporates two key lines. The red line represents the trading line, indicating the direction of the trend. Price bars above the trend line suggest an uptrend, while those below indicate a downtrend. The dotted blue line serves as the exit line, guiding traders to close their positions when price action breaches the 10-day high or low. This rule safeguards profits and helps traders avoid potential trend reversals.
The Turtle Trade Channels Indicator (TUTCI) is a versatile tool applicable to various financial markets, including stocks, commodities, and forex. By harnessing the power of breakouts and integrating profit-taking rules, this indicator empowers traders to capitalize on favorable trading opportunities while managing risk effectively.
As with any trading strategy, it is crucial to conduct thorough backtesting and evaluation of the TUTCI system before implementing it in live trading. Traders can customize the indicator's parameters to align with their trading preferences and adapt to changing market conditions. Employing sound risk management techniques, such as position sizing and stop-loss orders, is paramount to protect capital and minimize potential losses.
Experience the transformational potential of the Turtle Trade Channels Indicator (TUTCI) and embark on a journey of trend following, capturing significant profits, and achieving trading success.
These scripts are only functioning as sample script templates to support okx alert standards. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.
Broadview Algorithmic StudioWelcome! This is the writeup for the Broadview Algorithmic Studio.
There are many unique features in this script.
- Broadview Underpriced & Overpriced
- Broadview Blackout Bollinger Bands
- Trailing Take Profit Suite
- Algorithmic Weights
- VSA Score
- Pip Change Log
- Activation Panel
- Weight Scanner
There are 116 primary inputs that allow users to algorithmically output unique DCA signal-sets. There are 85 inputs that allow users to control individual lengths, levels, thresholds, and multiplicative weights of the script. You will not find any other script with this many inputs, properly strung together for you to produce unlimited strategies for any market. The entire premise for the Broadview Algorithmic Studio is for users to be able to have extensive-cutting-edge features that allow them to produce more strategies, having control over every element that outputs a signal set. The number of unique strategies you can output with this script is VAST, and each continues to follow a safe DCA methodology.
This script is ready for use with 3Commas, interactive brokers, and other means of automation. It provides detailed information on Base Orders and Safety Orders, giving the number, cumulative spending, position average, and remaining balance for each SO in the series. Using this script we will explore the depths of strategic volume scaling, and the algorithms we use to determine spending.
Let me first start by saying the number of safe DCA-friendly signal-sets this script can output is absolutely staggering.
Let's limit the scope just to the Broadview Underpriced & Overpriced and Broadview Dominance indicators.
Each band of the Dominance Suite can be controlled individually with unique lengths, levels, and weights. This means the Dominance Suite can establish Bearish or Bullish dominance, in any market condition, and give it a unique overloading weight. The Broadview Underpriced & Overpriced indicator finally gives us the ability to establish these "market conditions" first with cycles. Of all the cycles this indicator establishes, the two primary are Underpriced & Overpriced. We determine this using a composite Overbought & Oversold with an Exponential Moving Average. So the script can now know, what cycle it is in, who is dominant during that cycle, and exactly how much weight in volume scaling the order should have.
Brand new is the ability for indicators of this level to be able to talk together in a single script. The Broadview Underpriced & Overpriced indicator and the Broadview Dominance indicator can inform one another across multiple vectors, create a unique market snapshot, and give that snapshot a unique weight every bar. The unique weight is compiled in the volume scaling math, thus giving us an automated-strategic-safe and quite efficient volume scaling for every order. In our coming updates we will explore this synergy to its very deepest layers. These indicators can be laced together in many ways, called vectors.
Only in the Algorithmic Studio do we explore these depths and yield those findings, features, and inputs to the user.
Let me take a quick break to explain another area-of-opportunity for our research and development.
The VSA Score is something we've tried before, but until the creation of the Broadview Blackout Bollinger Bands Auto Indicator it was not possible. The concept we want to explore is "Positional Honing". Over time we want users and the script itself to be able to understand the difference between a script-config that produces a high number of Hits, from a configuration that produces a high number of "Misses". The Volume Scaling Accuracy Score uses the BBB Auto Indicator as a heavily reliable, non-repainting, method of determining what the very-best signals for increased volume-scaling are.
Increased volume scaling is denoted by the near-white highlighter line running vertically. This line will either fall inside the BBB Auto Indicator bands (which are hidden), or, they will fall below and outside the BBB Auto bands. If increased spending happens inside the bands it's a "Miss". If increased spending happens below and outside the bands, it's a Hit. Oftentimes misses are actually pretty good spots for extra spending, which helps lower your position average, but Hits are always better. The Hits that the BBB Auto Indicator provides are extremely good.
Let's talk about the Trailing Take Profit Suite. This suite allows us to set a trailing take profit which is a feature that lets one maximize their profits. If the trailing take profit is engaged, then when the regular take profit is hit, it will trigger, denoted in red vertical lines, and the trailing take profit will look for a specified rate of change before it actually takes profit. This usually helps traders in those times when their regular take profit was set too low, allowing them to maximize their profits with a Trailing Take Profit.
For the moment, let's think about our scores. In the dashboard you'll notice a score beginning the Pip Change Log, the VSA Score, and the Activation Panel.
These scores use a new kind of logistic correlation formula where 4 digits are given to activation, rather than 1. This is to allow room for a future concept in AI we call "Deadzones" or you can think of it as impedance. This is not a bias in logistic regression. It's an entirely different concept. A neuron, which a perceptron attempts to mimic, has a bias.. but it also has a sort of electrical resistance. This is because a neuron is individually-alive entity. So a perceptron, as it were, would need to have both a bias and a natural resistance, or deadzone.
It is a lot of fun to watch the scores and how they react during playback. They tend to smooth trends but are also quite quick to correct to accuracy. In the future we will add the deadzones and biases to the scores. This should help both users and the script produce better signal sets. The Pip Change Log is an indicator that measures Rate of Change in Pips. This is one that I am particularly excited to study, as I am a huge fan of ROC. The Activation Panel shows these scores for 4 primary indicators: On Balance Volume, Relative Strength Index, Average Directional Index, and Average True Range.
Having the Pip Change Log, VSA Score, and Activation Panel up on the dashboard with their logistic correlation scores allows traders to study markets and setups quite intimately. The weight scanner at the bottom allows users to track the cumulative applied multiplicative weights during playback. The massive number of inputs, connected vectors of indicators, input-weights, lengths, levels, and thresholds sets up all the algorithmic infrastructure for powerusers to explore every idea and strategy output they could imagine. Also with the connected vector infrastructure we can deepen our indicators in a way where, "How they talk to each other.", comes first in every development conversation.
The Algorithmic Studio is for the Power-user.
These are not basic equations coming together to determine spending. This is a massive multi-layered-perceptron with everything from Trailing-Take-Profits to strategic-automatic algorithmic downscaling. The Broadview Algorithmic Studio gives a home to the poweruser who wants access to everything in a trading and investing AI, right up until the backpropagation. The Broadview Algorithmic Studio, gives users the ability to sit in the chair of the would-be AI.
Thank you.
Trade Manager & Position Size Tool & PnL Tracker [AlgoScopes] V1Position size tool, leverage calculator, trade tracker, money management, trade presentation, risk reward management, margin position, live profit and loss, that's all in this one Trade Manager indicator.
The idea for this indicator comes from two years ago when I was helping a friend who, at the request of 15-20 members from our telegram group, wanted to create a paid group and share our ideas for trade with them (it started as an experiment for just a month or two and ended with 15 months with over 500 trading ideas and signals, with a complete TA chart). If I had time to create this indicator back then for members, it would have been much easier for them to be able to understand and follow the trade idea that was presented through a classic chart, with all the things that a TA must have:
Entry (as well as the reason for entry),
Stop (where the idea for the trade is no longer valid),
Target (with the reason why it is the target for that trade),
Take profits (taking part of the profit on the way to the target).
The majority of members still did not understand how much position to trade, what is the possible profit or loss, if the margin trade is how much leverage to use, in one word “money management”. The most important rule that every trader must follow is "Plan your trade and trade your plan". Learn money management and you are halfway there to becoming a successful trader. It is only after all that, you learn to use some of the "holy grail" indicators. When you have mastered those first two rules, find and master your favorite indicator or trading style (the most important thing is to stick to those two rules). The margin | leverage is also included in the script, for which there are so many dilemmas, arguments and discussions. (that many who still do not understand margin, would trade that it is not passionate if it is controlled). Too much for an introduction, especially since this indicator has so much to explain.
Most importantly, this is an invite-only indicator, and there are so many free indicators on tradingview that can also serve you very well. As far as I know, all exchanges have a calculator tool to calculate the possible profit and loss for each trade you plan to take.
*This indicator is not recommended for scalping on a 1min chart because the script, as you will see, is very complex, so the loading time is longer than with simpler indicators.
💠 ABOUT THE SCRIPT
This script is made to help manage trade. In this one indicator you have the possibility to do technical analysis, calculation for trade (four types: account size risk, trade investment, maximum to lose or position size), monitor 'PnL' (profit and loss in real time) do the calculation in the second, maybe local currency, and set an alert (from entry to any other change in trade). As the script is made for general use, some slight differences are possible for real time 'PnL' or 'ROI'. Always do a test before you start trading with larger amounts. The script is recommended for intra day trading and above. The script is not recommended for scalping on the 1min chart
💎 PROCESS TO ADD SCRIPT TO CHART
Possible trade on break example trade
As this script is invite-only, to add it to the chart you need to click on Indicators and find it under the 'Invite-Only' section. When you add the script to the chart (as it is interactive), you will be asked to do 4 steps.
🔸 'SET TRADE TIME'
Click on the chart where the last vertical bar is.
If you are already in the trade, then find the bar|time where the trade started
(you want to follow trade or trade presentation)
🔸 1) 'SET ENTRY'
Click on the horizontal level where you want to place the Entry
🔸 2) 'SET STOP'
Click on the horizontal level where you want to set the Stop
🔸 3) 'SET TARGET
Click on the horizontal level where you want to place the Target
💎 CONFIRM INPUTS
After you have done those 4 steps, a popup will appear with the relevant inputs for the trade.
You will see that some inputs are already filled (done in those 4 steps before, Entry, Stop and Target). You can correct them if you want (you will sometimes notice a longer 'space decimal' for the trade ticker, but this will not affect the calculator or other parts of the script). You can do the rest of the inputs for trade or finish it later when the script is loaded on the chart (it is recommended to fill in 'Trade Type' and 'Amount'. Don't forget to click on the "Apply" button to load the script on the chart.
💎 INDICATOR LOADED ON CHART
• When the indicator is loaded on the chart (regardless of whether it is a new trade or a trade that has already started), the following items are displayed by default:
🔸 ' Trade Table ' shows all relevant information for the trade
🔸 ' Trade Box ' with lines for Entry, Stop and Target (Take Profits if enabled)
🔸 ' Trade Box Labels ' with relevant data
• The Entry label is also the trade status label, and if the trade is not active, by default it is the Entry color
If the trade is active or when a new trade reached Entry, several new things are noticeable:
• Entry|Status label as well as status row in table will change color as well as 'Entry Reached' text
• Several extra columns relative to trade will be added to the Entry|Status label
• 3 new columns will also appear on the Trade Table (Live PnL, Live min PnL and Live ROI)
• If Trail Stop is enabled, the label will change the text to T.Stop and change color depending on whether it is in loss or profit.
• If Trail Stop is enabled, inside Trade Box trail line it will follow price action inside the box, while the label will always be fixed at the initial level
• A vertical colored line will appear on the right side of the Trade Box (depending on whether the trade is in profit or loss) which shows as in the Trade Table like Live PnL
⚪ SETTINGS
💎 Trade Account Setup
🔸 ‘Trade Type’
• 'Account Capital' or portfolio (with combination '% Capital Risk')
• 'Investment' (how much you want to invest in the trade)
• 'Risk To Lose' (how much you want to risk losing)
• 'Position Size' (exact position size, units|share for trade)
🔸 ‘Account Type’
• If the account is in another currency or you want to see possible profit | loss in local currency
• Around 150 world and local currencies supported by ICE exchange
🔸 ‘Amount’
• Amount for ‘Trade Type’
🔸 ‘% Capital Risk’
• Only for ‘Account Capital’ trade type
(i.e. 10.000 account capital with ‘% Capital Risk’ 4 is 10.000 x 4% = maximum loss 400)
🔸 ‘Leverage’
• Enable|Disable for margin trade i size of leverage (maximum 125x)
(be sure to study how and when to use margin trade through the tutorial, because margin trade can be very dangerous. If you have not perfected margin trade, there is a great possibility of losing most or even all of your account capital).
💎 TRADE ENTRY & TARGET & STOP & T.STOP & DATE | TIME
🔸 ‘Trade Date & Time’
🔸 ‘Entry’
🔸 ‘Stop’
🔸 ‘Target’
• (all was set in the previous step but can be correct/adjusted if needed)
🔸 ‘Market Entry’
• Enabled will move Entry on that bar close
🔸 ‘Liquidation’ (enabled by default)
• Show ‘Warning’ if trade Stop is close or invalid (trade will hit liquidation before reached Stop level)
🔸 ‘Trailing Type’ (4 trailing stop type)
• ‘Disabled’ (Stop will stay the entire time at the initial stop level)
• ‘Continuous’ (I.Stop follow price by distance or percent when price reached Trail start level)
• ‘Stepped’ (I.Stop moves to previous level when price reached Trail start level)
• ‘Breakeven’ (I.Stop moves to Entry when price reached Trail start level)*
* (least one Take Profit enabled)
🔸 ‘Trailing Active’ (Entry, TP1, TP2 and TP3)
• Trailing stop starts level if ‘Trailing Type’ is enabled
🔸 ‘Trailing by’ (distance or percent)
• ‘Distance’ (T.Stop will follow price action by distance)
• ‘Percent’ (T.Stop will follow price action by percent)
(this is a good example to see the difference between trailing by initial distance and initial percentage)
🔸 ‘T.Stop Distance & Percent’ (initial distance and percent for table trade only)
• Useful for bot or exchange
🔸 ‘Stop, T.Stop, Target and TP’s in PIP’s’
• Distance in PIP’s
💎 TAKE PROFIT
🔸 ‘Split Target’ (enabled by default to three take profits (TP) with auto split)
🔸 ‘Number of Take Profits’ (up to three take profits)
🔸 ‘Type’ (auto or manual)
• For manual type fill all prices to preferred level. TP percent (TP1%, TP2% and TP3% ) and Target% is how much profit you want to take on a specific level.
• PLEASE NOTE sum of all enabled ‘TP’ and targets = 100 (e.g. two TP and sets TP1% to 25 and TP2% to 35, then Target% should be 40% i.e. 25 + 35 + 40 = 100)
💎 TRADE BOX & LINES
🔸 ‘Target Line’ (color for target line and trade table ‘direction’)
🔸 ‘Stop Line’ (color for initial line and trail line)
🔸 ‘Entry Line’ (color for entry line and label & table status)
🔸 ‘To Trade Time’ (‘trade box’ left vertical line)
• By default is set to trade date and time
• Unchecked will be moved to the last bar (live time)
🔸 ‘Extended Left’ (extend Entry, Stop, Target and TP’s lines to left)
• To check for possible support|resistance
🔸 ‘Size’ (Entry, Stop, Target and TP’s lines size)
🔸 ‘PnL Box Size’ (line size for vertical box lines)
🔸 ‘Offset’ (right vertical line offset from last bar)
🔸 ‘PnL Box Color’ (right vertical line and trail fill color)
• Color changes for profit & loss
🔸 ‘Box Line Color’ (box base color)
💎 LABELS
🔸 ‘Stop & Target Labels’ (enable|disable stop and target labels)
• By default is set to small (tiny, small, normal, large, huge and auto option)
• Disabled will move all information on Entry|Status label
🔸 ‘Offset’ (label offset from trade box)
🔸 ‘Target Label’ (label color for target and all enabled tp’s)
🔸 ‘Stop Label’ (label color for initial stop and enabled trailing stop)
🔸 ‘Label Text’ (color for label text)
🔸 ‘Status Label Color’ (label table entry|status color when trade is not active)
🔸 ‘PnL’ (entry|status color for profit and loss)
🔸 ‘Size’ (by default set to normal, option tiny, small, normal, large, huge and auto)
🔸 ‘Risk to Reward’ (show risk to reward on labels)
🔸 ‘Extra Info’ (by default disabled, show extra related info for trade on labels)
• Useful if Trade Table disabled
🔸 ‘Close Trade Stats’ (by default disabled, show all info when trade is closed)
• By default is white text color for close trade stats label
💎 ALERTS
🔸 ‘Failed Trade’ (alert if price reached Stop before is active, reached Entry)
• Useful if trade need adjustment but it can also be left as it is
and alert is just warning
🔸 ‘New & Update Alert’ (alert when price reached Entry or change status to enabled Take Profits)
🔸 ‘Trade Closure Alert’ (alert when trade closed, reached Stop, Target or enabled Trail Stop)
• Alert can be in modified or default preset jSon format as well as in plain text format
• Place holders for creating alerts are :
{type}, {symbol}, {exchange}, {ticker}, {base}, {quote}, {timeframe}, {price}, {direction}, {entry}, {stop}, {tstop}, {tp1}, {tp2}, {tp3}, {target}, {tstopstatus}, {status}, {result}
* {type} placeholder is set to ‘Trade Active’, ‘Trade Update’ and ‘Trade Closed’
💎 TABLE DISPLAY
🔸 ‘Trade Table’ (enable|disable trade table)
🔸 ‘Position’ (by default set to bottom right with option bottom, middle and top with left, center and right)
🔸 ‘Size’ (by default set to normal, option tiny, small, normal, large, huge and auto)
🔸 ‘Full Table’ (by default enabled, disabled show small table without some info*)
* check picture for reference
🔸 ‘Presentation’ (by default disabled, hide all info related to PnL in trade currency)
• Useful if trade shared for presentation, hidden trade fiat|currency info)
🔸 ‘Header’ (color for trade table first row)
🔸 ‘Stats’ (color for trade table statistics row)
🔸 ‘Text’ (color for trade table text)
🔸 ‘Error’ (color for all errors if is made when trade is setup)
• Color for errors is for trade table and trade labels
🔸 ‘Fiat Price’ (by default enabled, show info for second fiat*
* if trade is in crypto and ‘quoted’ currency is not stable coin, like ETHBTC, or ‘Account Type’ is set to different currency
🔸 ‘Live Fiat Price’ (if ‘quoted’ currency enabled will show live exchange conversion)
🔸 ‘All Errors’ (enabled by default, show all error if trade setup is wrong)
• When error shows on trade, disabled this to see what|where is error
• Check below for more details
🔸 ‘Tool Tip (chart)’ (enabled show all tooltip on chart)
• Check below for more details
• When you are familiar with indicator, disable popup tooltip
💎 TOOLTIP
All possible tooltips have been added for easier understanding, especially for traders who are just learning how to place a trade. (when you perfect this indicator, you can turn off the tooltip in settings, and you can also normally use the lite version of this indicator, which does not contain all these futures)
🔸 ' Settings Tooltips’
🔸 ‘Chart Tooltips’
🔸 ‘Table Tooltips’
🔴 ERRORS
When you setup trade, not only a novice in trading, but also experienced traders can make a mistake and for this reason all possible errors are included in the indicator which will be shown on the chart by changing the color of the labels as well as on the trade table and in most of the cases and error text.
If the tooltip is enabled in the settings, you can see the reason for the error as well as the solution.
Here are some examples of possible errors.
Stay safe
PLAN YOUR TRADE AND TRADE YOUR PLAN
Pineconnector Strategy TemplateHello traders
After getting five requests in a raw to convert an indicator into a backtest strategy with statistics + Metatrader MT4/MT5 bot using Pineconnector, I decided to publish this TradingView strategy plug-and-play template automatically generating the Pineconnector alerts for you.
Trial
A 4-day FREE TRIAL is available upon request.
I'll help you with the Expert Advisor configuration on Metatrader if needed.
Features
✅ Easily convert your TradingView Indicators into a Strategy with automatically generated alerts using the Pineconnector syntax.
Non-coders don't know how to send the entry price/SL/TP/etc information from TradingView to Pineconnector.
I made that automatic - the alert messages are automatically generated with the correct syntax based on the selected broker connected to your Metatrader.
For example, the OANDA tickers aren't the same as the EightCap tickers.
The template pre-selects the correct tickers for you, and I'll keep updating that tickers list whenever there is a ticker name update on the broker side.
✅ Select whether you want to create "at-market" or "limit" orders.
The alert messages are updated accordingly.
✅ Custom close condition
Some indicators may have a custom close trade condition
For example, A trader could decide to cut a trade if another indicator gives a signal in the opposite direction
In that case, the template alerts the Expert Advisor to close the opened trade(s).
✅ Includes a Stop-Loss, Take-Profit, Trailing Stop-Loss, Stop-Loss to breakeven features
The Stop-Loss/Take-Profit can be set in percentage or pips value.
The template sends those price values to the MetaTrader Expert Advisor.
✅ For a complicated TradingView script to connect or for more filters, we suggest selecting the "Custom Integration" option
A complex TradingView is any script involving a Zig Zag, divergences, Harmonic patterns, or similar logic.
If you don't know if the indicator(s) you want to connect is/are complex or not, please ask me in DM to have a look first.
Alerts
Important: When creating the alerts, select the option "Order fills and alert() function calls"
Leave the alert message field as is - It has already been pre-filled for you.
Need more information?
For more information, please send me a direct message or email.
Strategy Results from this post
Please note they're not relevant.
I connected a simple SMA cross indicator not to showcase the backtest statistics but the connection feature between a TradingView indicator script with this Pineconnector strategy template.
Dave
Consolidation Finder Expo [serkany88]It's relatively easy to create a repainting system where you can detect consolidation but it can be pretty hard to detect breakouts while the consolidation is happening live. This experimental approach came to my mind after brainstorming a bit.
What it does
This indicator DOES NOT REPAINT and try to show consolidation zones by coloring the bars or background to a selected color(default white)
How it works
In this approach we use weighted standard deviation of Vidya (Variable Index Dynamic Average created by Tushar Chande). The reason we use vidya is it's length is actually being adapted to volatility and lookback is dynamically adjusted. After getting vidya of base we also create same length vidya of high's and low's and get weighted standard deviation of those. After this we add and subtract those with base vidya and and get their average with our multiplier weight starting from the first bar. If our current value is higher than the average it means we are not in consolidation, else we are thus the bar and background will be painted.
How to use
Consolidation Finder can be used with your existing bot strategy as an additional filter or can be used with your manual trading system as an additional filter or detect breakouts. But be aware that you might need to tinker with length and multipliers in the settings depending on your timeframe to get best results possible before using it reliably. You can also enable the plots of vidya's from the style tab which is disabled by default to see how the deviations actually move if you are interested in it.
Cloud Levels [Import Price Levels]This script allows you to import TA and price levels from an external source. For example, you may do some TA on a different software but want to import it to TradingView. Or you may have a script or bot that calculates levels for you end-of-day. Or you may be part of a community that provides TA and levels. There are many different reasons why you may want to import levels from an external source.
All you need is a source for the data. The data format shouldn't really matter since it can usually be converted fairly easily to a custom format. Information about the necessary format can be found below.
The script currently supports:
Labelled lines with customs style and colors
Boxes / zones with custom fill color and borders
Fibonacci ratios
In the plans:
Channel support
Trend lines
The input format looks like this:
FIGURE 1 - Lines with labels
Columns: ,,,,;
Example: 1677724019999,3976.50,Label text,255/255/0/125,sol
FIGURE 2 - Boxes
Columns: ,,,,,,,;
Example: 1686715971428,4430.18,1686773561538,4409.52,68/98/194/15,1,1,153/204/255/204
FIGURE 3 - Fibonacci ratios
Columns: ,,,,,,,,
Example: 1656649151300,4588.75,1656649151300,3639,dot,1,3,0.236|0.382|0.5|0.618|0.706|0.786|0.886,170/200/255/76|170/200/255/76|170/200/255/76|0/255/0/76|255/153/0/76|255/153/0/76|255/153/0/76
*ratios and ratio colors are separated by '|'
*RGBA colors must look like this: 255/255/0/125, each value separated by '/'
*Line style s must be one of these values: dsh, sol or dot (dashed, solid or dotted)
Separate each item within the same figure with a semicolon (;), e.g for two labelled lines: 1677724019999,3976.50,Label text,255/255/0/125,sol;1677724019999,4026,Label text 2,255/255/0/125,sol
Only put a semicolon at the end if there is a new item after it.
Finally, put all figures together with '§' separator between each figure/category, in the correct order:
1 - Lines with labels
2 - Boxes
3 - Fibonacci ratios
The result looks like this for the examples above:
1677724019999,3976.50,Label text,255/255/0/125,sol§1686715971428,4430.18,1686773561538,4409.52,68/98/194/15,1,1,153/204/255/204§1656649151300,4588.75,1656649151300,3639,dot,1,3,0.236|0.382|0.5|0.618|0.706|0.786|0.886,170/200/255/76|170/200/255/76|170/200/255/76|0/255/0/76|255/153/0/76|255/153/0/76|255/153/0/76
An incorrect format will give you errors.
With basic programming skills you can create a simple tool to convert your data to this format, that's what I do. If needed, I may be able to provide a customized converting tool for this, PM if interested.
ATR GOD Strategy by TradeSmart (PineConnector-compatible)This is a highly-customizable trading strategy made by TradeSmart, focusing mainly on ATR-based indicators and filters. The strategy is mainly intended for trading forex , and has been optimized using the Deep Backtest feature on the 2018.01.01 - 2023.06.01 interval on the EUR/USD (FXCM) 15M chart, with a Slippage value of 3, and a Commission set to 0.00004 USD per contract. The strategy is also made compatible with PineConnector , to provide an easy option to automate the strategy using a connection to MetaTrader. See tooltips for details on how to set up the bot, and check out our website for a detailed guide with images on how to automate the strategy.
The strategy was implemented using the following logic:
Entry strategy:
A total of 4 Supertrend values can be used to determine the entry logic. There is option to set up all 4 Supertrend parameters individually, as well as their potential to be used as an entry signal/or a trend filter. Long/Short entry signals will be determined based on the selected potential Supertrend entry signals, and filtered based on them being in an uptrend/downtrend (also available for setup). Please use the provided tooltips for each setup to see every detail.
Exit strategy:
4 different types of Stop Losses are available: ATR-based/Candle Low/High Based/Percentage Based/Pip Based. Additionally, Force exiting can also be applied, where there is option to set up 4 custom sessions, and exits will happen after the session has closed.
Parameters of every indicator used in the strategy can be tuned in the strategy settings as follows:
Plot settings:
Plot Signals: true by default, Show all Long and Short signals on the signal candle
Plot SL/TP lines: false by default, Checking this option will result in the TP and SL lines to be plotted on the chart.
Supertrend 1-4:
All the parameters of the Supertrends can be set up here, as well as their individual role in the entry logic.
Exit Strategy:
ATR Based Stop Loss: true by default
ATR Length (of the SL): 100 by default
ATR Smoothing (of the SL): RMA/SMMA by default
Candle Low/High Based Stop Loss: false by default, recent lowest or highest point (depending on long/short position) will be used to calculate stop loss value. Set 'Base Risk Multiplier' to 1 if you would like to use the calculated value as is. Setting it to a different value will count as an additional multiplier.
Candle Lookback (of the SL): 50 by default
Percentage Based Stop Loss: false by default, Set the stop loss to current price - % of current price (long) or price + % of current price (short).
Percentage (of the SL): 0.3 by default
Pip Based Stop Loss: Set the stop loss to current price - x pips (long) or price + x pips (short). Set 'Base Risk Multiplier' to 1 if you would like to use the calculated value as is. Setting it to a different value will count as an additional multiplier.
Pip (of the SL): 10 by default
Base Risk Multiplier: 4.5 by default, the stop loss will be placed at this risk level (meaning in case of ATR SL that the ATR value will be multiplied by this factor and the SL will be placed that value away from the entry level)
Risk to Reward Ratio: 1.5 by default, the take profit level will be placed such as this Risk/Reward ratio is met
Force Exiting:
4 total Force exit on custom session close options: none applied by default. If enabled, trades will close automatically after the set session is closed (on next candle's open).
Base Setups:
Allow Long Entries: true by default
Allow Short Entries: true by default
Order Size: 10 by default
Order Type: Capital Percentage by default, allows adjustment on how the position size is calculated: Cash: only the set cash amount will be used for each trade Contract(s): the adjusted number of contracts will be used for each trade Capital Percentage: a % of the current available capital will be used for each trade
ATR Limiter:
Use ATR Limiter: true by default, Only enter into any position (long/short) if ATR value is higher than the Low Boundary and lower than the High Boundary.
ATR Limiter Length: 50 by default
ATR Limiter Smoothing: RMA/SMMA by default
High Boundary: 1000 by default
Low Boundary: 0.0003 by default
MA based calculation: ATR value under MA by default, If not Unspecified, an MA is calculated with the ATR value as source. Only enter into position (long/short) if ATR value is higher/lower than the MA.
MA Type: RMA/SMMA by default
MA Length: 400 by default
Waddah Attar Filter:
Explosion/Deadzone relation: Not specified by default, Explosion over Deadzone: trades will only happen if the explosion line is over the deadzone line; Explosion under Deadzone: trades will only happen if the explosion line is under the deadzone line; Not specified: the opening of trades will not be based on the relation between the explosion and deadzone lines.
Limit trades based on trends: Not specified by default, Strong Trends: only enter long if the WA bar is colored green (there is an uptrend and the current bar is higher then the previous); only enter short if the WA bar is colored red (there is a downtrend and the current bar is higher then the previous); Soft Trends: only enter long if the WA bar is colored lime (there is an uptrend and the current bar is lower then the previous); only enter short if the WA bar is colored orange (there is a downtrend and the current bar is lower then the previous); All Trends: only enter long if the WA bar is colored green or lime (there is an uptrend); only enter short if the WA bar is colored red or orange (there is a downtrend); Not specified: the color of the WA bar (trend) is not relevant when considering entries.
WA bar value: Not specified by default, Over Explosion and Deadzone: only enter trades when the WA bar value is over the Explosion and Deadzone lines; Not specified: the relation between the explosion/deadzone lines to the value of the WA bar will not be used to filter opening trades.
Sensitivity: 150 by default
Fast MA Type: SMA by default
Fast MA Length: 10 by default
Slow MA Type: SMA
Slow MA Length: 20 by default
Channel MA Type: EMA by default
BB Channel Length: 20 by default
BB Stdev Multiplier: 2 by default
Trend Filter:
Use long trend filter 1: false by default, Only enter long if price is above Long MA.
Show long trend filter 1: false by default, Plot the selected MA on the chart.
TF1 - MA Type: EMA by default
TF1 - MA Length: 120 by default
TF1 - MA Source: close by default
Use short trend filter 1: false by default, Only enter long if price is above Long MA.
Show short trend filter 1: false by default, Plot the selected MA on the chart.
TF2 - MA Type: EMA by default
TF2 - MA Length: 120 by default
TF2 - MA Source: close by default
Volume Filter:
Only enter trades where volume is higher then the volume-based MA: true by default, a set type of MA will be calculated with the volume as source, and set length
MA Type: RMA/SMMA by default
MA Length: 200 by default
Date Range Limiter:
Limit Between Dates: false by default
Start Date: Jan 01 2023 00:00:00 by default
End Date: Jun 24 2023 00:00:00 by default
Session Limiter:
Show session plots: false by default, show market sessions on chart: Sidney (red), Tokyo (orange), London (yellow), New York (green)
Use session limiter: false by default, if enabled, trades will only happen in the ticked sessions below.
Sidney session: false by default, session between: 15:00 - 00:00 (EST)
Tokyo session: false by default, session between: 19:00 - 04:00 (EST)
London session: false by default, session between: 03:00 - 11:00 (EST)
New York session: false by default, session between: 08:00 - 17:00 (EST)
Trading Time:
Limit Trading Time: true by default, tick this together with the options below to enable limiting based on day and time
Valid Trading Days Global: 123567 by default, if the Limit Trading Time is on, trades will only happen on days that are present in this field. If any of the not global Valid Trading Days is used, this field will be neglected. Values represent days: Sunday (1), Monday (2), ..., Friday (6), Saturday(7) To trade on all days use: 123457
(1) Valid Trading Days: false, 123456 by default, values represent days: Sunday (1), Monday (2), ..., Friday (6), Saturday(7) The script will trade on days that are present in this field. Please make sure that this field and also (1) Valid Trading Hours Between is checked
(1) Valid Trading Hours Between: false, 1800-2000 by default, hours between which the trades can happen. The time is always in the exchange's timezone
All other options are also disabled by default
PineConnector Automation:
Use PineConnector Automation: false by default, In order for the connection to MetaTrader to work, you will need do perform prerequisite steps, you can follow our full guide at our website, or refer to the official PineConnector Documentation. To set up PineConnector Automation on the TradingView side, you will need to do the following:
1. Fill out the License ID field with your PineConnector License ID;
2. Fill out the Risk (trading volume) with the desired volume to be traded in each trade (the meaning of this value depends on the EA settings in Metatrader. Follow the detailed guide for additional information);
3. After filling out the fields, you need to enable the 'Use PineConnector Automation' option (check the box in the strategy settings);
4. Check if the chart has updated and you can see the appropriate order comments on your chart;
5. Create an alert with the strategy selected as Condition, and the Message as {{strategy.order.comment}} (should be there by default);
6. Enable the Webhook URL in the Notifications section, set it as the official PineConnector webhook address and enjoy your connection with MetaTrader.
License ID: 60123456789 by default
Risk (trading volume): 1 by default
NOTE! Fine-tuning/re-optimization is highly recommended when using other asset/timeframe combinations.
D-BoT Alpha 'Short' SMA and RSI StrategyDostlar selamlar,
İşte son derece basit ama etkili ve hızlı, HTF de çok iyi sonuçlar veren bir strateji daha, hepinize bol kazançlar dilerim ...
Nedir, Nasıl Çalışır:
Strateji, iki ana girdiye dayanır: SMA ve RSI. SMA hesaplama aralığı 200 olarak, RSI ise 14 olarak ayarlanmıştır. Bu değerler, kullanıcı tercihlerine veya geriye dönük test sonuçlarına göre ayarlanabilir.
Strateji, iki koşul karşılandığında bir short sinyali oluşturur: RSI değeri, belirlenen bir giriş seviyesini (burada 51 olarak belirlenmiş) aşar ve kapanış fiyatı SMA değerinin altındadır.
Strateji, kısa pozisyonu üç durumda kapatır: Kapanış fiyatı, takip eden durdurma seviyesinden (pozisyon açıldığından beri en düşük kapanış olarak belirlenmiştir) büyükse, RSI değeri belirlenen bir durdurma seviyesini (bu durumda 54) aşarsa veya RSI değeri belirli bir kar al seviyesinin (bu durumda 32) altına düşerse.
Güçlü Yönleri:
İki farklı gösterge (SMA ve RSI) kullanımı, yalnızca birini kullanmaktan daha sağlam bir sinyal sağlayabilir.
Strateji, karları korumaya ve fiyat dalgalanmalarında kayıpları sınırlamaya yardımcı olabilecek bir iz süren durdurma seviyesi içerir.
Script oldukça anlaşılır ve değiştirmesi nispeten kolaydır.
Zayıf Yönleri:
Strateji, hacim, oynaklık veya daha geniş piyasa eğilimleri gibi diğer potansiyel önemli faktörleri göz önünde bulundurmaz.
RSI seviyeleri ve SMA süresi için belirli parametreler sabittir ve tüm piyasa koşulları veya zaman aralıkları için optimal olmayabilir.
Strateji oldukça basittir. Trade maliyetini (kayma veya komisyonlar gibi) hesaba katmaz, bu da trade performansını önemli ölçüde etkileyebilir.
Bu Stratejiyle Nasıl İşlem Yapılır:
Strateji, short işlemler için tasarlanmıştır. RSI, 51'in üzerine çıktığında ve kapanış fiyatı 200 periyotluk SMA'nın altında olduğunda işleme girer. RSI, 54'ün üzerine çıktığında veya 32'nin altına düştüğünde veya fiyat, pozisyon açıldığından beri en düşük kapanış fiyatının üzerine çıktığında işlemi kapatır.
Lütfen Dikkat, bu strateji veya herhangi bir strateji izole bir şekilde kullanılmamalıdır. Tüm bu çalışmalar eğitsel amaçlıdır. Yatırım tavsiyesi içermez.
This script defines a trading strategy based on Simple Moving Average (SMA) and the Relative Strength Index (RSI) indicators. Here's an overview of how it works, along with its strengths and weaknesses, and how to trade using this strategy:
How it works:
The strategy involves two key inputs: SMA and RSI. The SMA length is set to 200, and the RSI length is set to 14. These values can be adjusted based on user preferences or back-testing results.
The strategy generates a short signal when two conditions are met: The RSI value crosses over a defined entry level (set at 51 here), and the closing price is below the SMA value.
When a short signal is generated, the strategy opens a short position.
The strategy closes the short position under three conditions: If the close price is greater than the trailing stop (which is set as the lowest close since the position opened), if the RSI value exceeds a defined stop level (54 in this case), or if the RSI value drops below a certain take-profit level (32 in this case).
Strengths:
The use of two different indicators (SMA and RSI) can provide a more robust signal than using just one.
The strategy includes a trailing stop, which can help to protect profits and limit losses as the price fluctuates.
The script is straightforward and relatively easy to understand and modify.
Weaknesses:
The strategy doesn't consider other potentially important factors, such as volume, volatility, or broader market trends.
The specific parameters for the RSI levels and SMA length are hard-coded, and may not be optimal for all market conditions or timeframes.
The strategy is very simplistic. It doesn't take into account the cost of trading (like slippage or commissions), which can significantly impact trading performance.
How to trade with this strategy:
The strategy is designed for short trades. It enters a trade when the RSI crosses above 51 and the closing price is below the 200-period SMA. It will exit the trade when the RSI goes above 54 or falls below 32, or when the price rises above the lowest closing price since the position was opened.
Please note, this strategy or any strategy should not be used in isolation. It's important to consider other aspects of trading such as risk management, capital allocation, and combining different strategies to diversify. Back-testing the strategy on historical data and demo trading before going live is also a recommended practice.
D-Bot Alpha RSI Breakout StrategyHello dear Traders,
Here is a simple yet effective strategy to use, for best profit higher time frame, such as daily.
Structure of the code
The code defines inputs for SMA (simple moving average) length, RSI (relative strength index) length, RSI entry level, RSI stop loss level, and RSI take profit level. The default values of these variables can be customized as per the user's preferences.
The script calculates SMA and RSI based on the input parameters and the closing price of the asset.
Trading logic
This strategy allows the placement of a long position when:
The RSI crosses above the RSI entry level and
The close price is above the SMA value.
After entering a long position, it applies a trailing stop mechanism. The stop price is updated to the close price if the close price is lower than the last close price.
The script closes the long position when:
RSI falls below the stop loss level.
RSI reaches or exceeds the take profit level.
If the trailing stop is activated (once RSI reaches or exceeds the take profit level), the closing price falls below the trailing stop level.
Strengths
The strategy includes mechanisms for entering a position, taking profit, and stopping losses, which are fundamental aspects of a trading strategy.
It applies a trailing stop mechanism that allows to capture further gains if the price keeps increasing while protecting from losses if the price starts to decrease.
Weaknesses
This strategy only contemplates long positions. Depending on the market situation, the strategy may miss opportunities for short selling when the market is on a downward trend.
The choice of the fixed RSI entry, stop loss, and take profit levels may not be ideal for all market conditions or assets. It might benefit from a more adaptive mechanism that adjusts these levels according to market volatility or trend.
The strategy doesn't factor in trading costs (such as spread or commission), which could have a significant impact on the net profit, especially if the user is trading with a high frequency or in a low liquidity market.
How to trade with this strategy
Given these parameters and the strategy outlined by the code, the trader would enter a long position when the RSI crosses above the RSI entry level (default 34) and the closing price is above the SMA value (SMA calculated with default period of 200). The trader would exit the position when either the RSI falls below the RSI stop loss level (default 30), or RSI rises above the RSI take profit level (default 50), or when the trailing stop is hit.
Remember "The strategies I have prepared are entirely for educational purposes and should not be considered as investment advice. Support your trades using other tools. Wishing everyone profitable trades..."
D-BoT Alpha ReversalsHello traders, today I'm going to share with you a strategy that I use very frequently. I wanted to share this strategy that I use in my manual trades by translating it into code. I'm sharing it with you with completely open source code.
RSI of ROC: The indicator initially calculates RSI (Relative Strength Index) on ROC (Rate of Change). This is a method that tracks the rate of price change (ROC) over a certain period and applies it to the RSI calculation.
Adaptive RSI: The code then calculates the RSI for all periods between the minimum and maximum RSI lengths. It takes the average of these calculations and names it as avg_rsi66. In addition, it checks whether each RSI value exceeds the determined overbought and oversold limits.
Signal Triggers: If both RSI of ROC and avg_rsi66 are above or below the specified overbought or oversold levels and the difference between these two values is less than the specified threshold value (Extremities Sensitivity), a signal is triggered. In addition, the color of the bar is also checked: An overbought (sell) signal is triggered for a red bar and an oversold (buy) signal is triggered for a green bar.
Signal Visualization: Signals are shown on the chart at appropriate places with "Sell" or "Buy" shapes. Also, each of these conditions is defined as an alert condition.
The general purpose of this indicator is to determine the turning points of the market. Overbought and oversold signals are based on the idea that the price may turn from these areas. That is, a "Sell" signal indicates a turning point where the price may start to fall, while a "Buy" signal indicates a turning point where the price may start to rise.
These types of indicators usually have some weak points:
False Signals: Like any kind of technical analysis indicator, this indicator can also give false signals. That is, you may get a "Buy" or "Sell" signal but the price may not move in the expected direction.
Market Conditions: This indicator may perform better under certain market conditions. For example, a trend-following indicator usually works well in trending markets, but can be misleading in range-bound markets. This indicator too can perform better or worse in a particular market situation.
Parameter Selection: The choice of the parameters of the indicator (ROC and RSI lengths, overbought/oversold levels, etc.) can significantly affect the quality of the indicator signals. Parameters should be optimized for various assets and time frames.
In conclusion, it would be better to use this indicator not as a standalone trading system, but in conjunction with other technical analysis tools or fundamental analysis. Also, it is always beneficial to test a new trading strategy on past data or on a demo account before trading with real money."
Stay tuned for more of my original strategies :)
Happy trading...
D-BoT Alpha Volume SpikeHello traders, Let me explain the code and provide an example of how to trade using this indicator.
The code you provided is a Pine Script indicator that combines multiple technical indicators, such as Supertrend, ADX, RSI, and MFI, to generate buy and sell signals. Here's a breakdown of the code:
User Settings:
The user can adjust parameters like overbought_limit, oversold_limit, volume_multiplier, volume_ma_length, volume_spike_multiple, lookback_period, and use_extremities_confirmation according to their preference.
Calculate Supertrend:
The Supertrend indicator is calculated using three different ATR lengths (supertrend_atr_period1, supertrend_atr_period2, supertrend_atr_period3) and corresponding factors (supertrend_factor1, supertrend_factor2, supertrend_factor3).
The supertrend_value1, supertrend_value2, and supertrend_value3 represent the Supertrend values, while trend_direction1, trend_direction2, and trend_direction3 indicate the trend direction (negative for downtrend, positive for uptrend).
Candle calculations:
The high and low values are checked to identify bullish and bearish candles based on specific conditions.
Volume Spikes:
Volume spikes are detected by comparing the current volume with a median volume over a specified lookback period.
If the volume exceeds a certain multiple of the median volume and the DI+ value is greater than the DI- value, an "up" signal is generated. Similarly, if the DI- value is greater than the DI+ value, a "down" signal is generated.
Additional Filters (RSI and MFI):
Relative Strength Index (RSI) and Money Flow Index (MFI) are used as additional filters.
The RSI and MFI parameters can be adjusted according to the user's preference.
The signals generated by the volume spikes are filtered based on RSI and MFI conditions.
Plotting:
The indicator plots shapes (triangles) to represent buy and sell signals.
The Supertrend lines are plotted using different colors and transparency levels based on the distance from the current price.
The "bodyMiddle" plot is used for filling the area between the Supertrend lines.
Example Trade Scenario:
Let's consider an example trade scenario using this indicator:
When the indicator generates an "up" signal (trendBuy = true), indicating a potential bullish trend, and all the confirmation conditions (RSI, MFI, Supertrend) are met, you can consider opening a long position.
Conversely, when the indicator generates a "down" signal (trendSell = true), indicating a potential bearish trend, and all the confirmation conditions are met, you can consider opening a short position.
Remember, this is just an example, and it's crucial to perform thorough analysis and consider other factors before making trading decisions. It's recommended to backtest the strategy, assess risk management, and apply appropriate position sizing techniques.
Please note that the code provided is a simplified version, and there might be additional factors and considerations specific to your trading strategy that are not included in this code. *******"I have also reviewed the following indicators, and the volume calculation approaches of my friends have been very helpful in creating this indicator: "Volume Spikes " © tradeforopp and "Volume Spikes & Growing Volume Signals With Alerts & Scanner" © FriendOfTheTrend."*******
BBWAS Enhanced with Webhook Alerts and Money ManagementThe Enhanced BBWAS Indicator is a powerful tool designed to identify breakouts in the price of a security or asset. It utilizes Bollinger Bands, which consist of three lines: the upper band, the lower band, and the middle band (or basis). These bands help define the expected price range within which the asset is likely to fluctuate.
When the price breaks above the upper band or below the lower band, it indicates a potential breakout. A bullish breakout occurs when the price closes above the upper band, while a bearish breakout occurs when the price closes below the lower band.
In this enhanced version of the indicator, several new features have been added to provide more flexibility and functionality:
Webhook Alerts: Traders now have the ability to configure webhook alerts to trigger a bot or any external system. This allows for timely notifications when a breakout occurs, enabling automated actions or manual intervention as desired.
Multiple Moving Average Types: The indicator now supports different types of moving averages for increased customization. Traders can choose from popular moving average types such as Simple Moving Average (SMA), Exponential Moving Average (EMA) and Weighted Moving Average (WMA). This enables users to experiment and find the moving average type that best suits their trading strategy.
Money Management: To assist traders in managing risk, a money management feature has been incorporated into the indicator. It calculates the optimal position size or number of units to purchase for each trade, considering the desired risk per trade. By specifying a maximum risk per trade, traders can ensure that their position sizes are adjusted accordingly, helping to maintain risk control in their trading activities.
Dear traders, while we strive to provide you with the best trading tools and resources, we want to remind you to exercise caution and diligence in your investing decisions.
It is important to always do your own research and analysis before making any trades. Remember, the responsibility for your investments ultimately lies with you.
Happy trading!
Premium MTF Layered RSI - Bitcoin Bot [wbburgin]This the premium version of my MTF Layered RSI strategy, which improves significantly on the original strategy (publicly available on my profile). Improvements are below. This strategy will also appear as an overlay on your chart. It is completely non-repainting.
The MTF Layered RSI strategy uses the current timeframe and two configurable higher timeframes to enter a long position when Bitcoin is oversold on all three timeframes, and exit the long position when Bitcoin is overbought on the current timeframe. This hedges against situations where the RSI on higher timeframes never reaches the overbought level and we are left "holding the bag" so to speak with the classic "enter long at oversold and enter short at overbought" strategy.
IMPORTANT: This strategy does not work on ranges. It will work on all timeframes and assets, but does not work on ranges (Renko blocks and some other advanced types of charts).
********** My Background
I am an investor, trader, and entrepreneur with 10 years of cryptocurrency and equity trading experience and founder of two fintech startups. I am a graduate of a prestigious university in the United States and carry broad and inclusive interests in mathematical finance, computer science, machine learning / artificial intelligence, as well as other fields.
**********
Improvements over the original MTF RSI strategy include:
Filters for Uptrends and Downtrends → The Premium RSI strategy will adjust its buy and sell thresholds depending on whether the instrument is trending. This means that, in uptrends, the Premium strategy will buy more frequently, bringing in potentially greater profit, and in downtrends, the strategy will stop buying altogether. These filters and dynamic buy/sell thresholds have made this strategy more profitable in my backtesting across random timeframes, but I cannot guarantee that the strategy will be profitable for you on the default settings. To that end, I have enabled a number of different configurations that you can change in the settings of the strategy.
Stop Loss / Take Profit Calculation Per Tick → Stop loss and take profit are now both enabled in the script and each has their own alerts. You can specify what type of stop loss or take profit you want: percentage or ATR. If you have alerts configured, you will be alerted mid-bar, instead of at close. This helps prevent loss from abrupt falls in price between closing price and next bar open.
Customizable Alert Messages In-Strategy → In the settings, there will be text boxes where you can create your own alerts. All you will need to do is create an alert in the alert panel on Tradingview and leave the message box blank - if you fill out the alert boxes in the settings, these will automatically populate into your alerts. There are in total eight different customizable alerts messages: Entry, Exit, Stop loss, and Take profit alerts for both Long and Short sides. If you disable stop loss and/or take profit, these alerts will also be disabled. Similarly, if you disable shorts, all short alerts will be disabled.
**********
Display
Configuring Stop Loss or Take Profit will make their corresponding displays appear.
Separately from the trading boxes, background colors (green, red) signify extended uptrends and downtrends, respectively.
Configuring Alerts
In TradingView desktop, go to the ‘Alerts’ tab on the right panel. Click the “+” button to create a new alert. Select this strategy for the condition and one of the two options that includes alert() function calls. Name the alert what you wish and clear the default message, because your text in the settings will replace this message.
Now that the alert is configured, you can go to the settings of the strategy and fill in your chosen text for the specific alert condition. You will need to check “Long and Short” in the “Trade Direction” setting in order for any Short Alerts to become active. Similarly, you will need to check “Enable Stop Loss” for stop loss alerts to become active and “Enable Take Profit” for take profit alerts to become active.
**********
Disclaimer
Copyright by wbburgin.
The information contained in my Scripts/Indicators/Algorithms does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
**********
Notes on the Strategy Performance below: This is 3% of equity per trade, with a pyramiding number of 3. I did not include fees because Binance US on Bitcoin/USD does not charge fees on the instrument; however, I heavily encourage you to include fees in your backtesting if you use a different brokerage. To mitigate fees, this strategy is designed with a high average %/trade. If your current fees are greater than the strategy's average %/trade, I encourage you to choose a higher RSI period, such as 14 or 28, which will result in less trades but potentially a higher %/trade.
Bollinger Bands %B (ValueRay)One of the key features of this BB%B is its ability to highlight overbought and oversold conditions. This allows you to make informed decisions on when to enter and exit a trade, helping you maximize your profits and minimize your losses.
- Bollinger Bands %B with the ability to change to a different Time Frame.(Defaults to current Chart Time Frame).
- Ability To Turn On/Off Background Highlighting if BB %B is Above/Below 0 / 1 thresholds.
- Ability To Turn On/Off Background Highlighting when BB %B Crosses back above/unser 0/1 thresholds.
---
My personal recommandation use: combine with CM_Ultimate RSI Multi Time Frame (ChrisMoody) and have solid oversold/overbought levels, when hes RSI and my BB %B are bot red/green
Risk Reward Calculator [lovealgotrading]
OVERVIEW:
This Risk Reward Calculator strategy can help you maximize your RR value with help of algorithmic trading.
INDICATOR:
I wanted to setup my trades more easier with this indicator, I didn't want to calculate everytime before orders, with help this indicator we can calculate R:R value, avarage price, stoploss price, take-profit price, order prices, all position cost and more ...
Our strategy is a risk revard calculation indicator that is made easy to use by using visualized lines and panels, and also has algorithmic trading support.
With the help of this indicator, we can quickly and easily calculate our risk reward values and enter the positions.
If we want to ensure that our balance grows regularly while trading in the stock market, we need to manage the risks and rewards otherwise we may fall below our initial balance at the end of the day, even if we seem to be winning.
What is the Risk-Reward value ?
This value is a value that shows how many times the amount of risk we take when entering the position is successful, we will earn.
- For example, you risked $100 while entering the trade, so if your trade stops, you will lose 100 $.
Your Risk-Reward(RR) value is 2 means that if your position is successful, you will have 200 $ in your pocket.
A trader's success is determined by the amount of R he earns monthly or yearly, not how much money he makes.
What is different in this indicator ?
I want to say thank you to © EvoCrypto. His Calculator (weighted) – evo indicator helped me when I was developed my indicator.
I want to explain what I have improved:
1-In this strategy, we can determine the time period in which we want to open our positions.
2-We can open a maximum of 4 positions in the same direction and close our positions at a single level. StopLoss or TakeProfit
3-This indicator, which works in the form of a strategy, shows where our positions have been opened or closed. With the help of this, it helps us to determine our strategy in our future positions more accurately.
4-The most important improvement is that we do not miss our positions with the help of alarms (WEB HOOK). if we want, we receive by quickly connecting all these positions to our robot, the software can enter and exit the position while we are busy.
IMPLEMENTATION DETAILS – SETTINGS:
1 - We can set the start and end dates of the positions we will take.
2- We can set our take profit, stoploss levels.
3- If your trade is stopped, we can determine the amount of the trade that we will lose.
4- We can adjust our entry levels to positions and our position sizes at entry levels.
(Sum of positions weight must be 100%)
5- We can receive our positions even if we are busy with the help of algorithmic trading. For this, we must paste our Jshon codes into the fields specified in the settings panel.
6- Finally, we can change the settings we want and don't want to have in our visual elements.
Let's make a LONG side example together
We have determined our positions to enter stoploss, take profit and long positions. We did not forget to set the start time of our strategy
Our strategy appear on the graph as follows.
Our strategy has calculated the total position size, our R-R value, the distance of the current price to the stop and take profit levels, in short, a lot of things we could look visually.
Notes:
If you're going to connect this bot to an automatic Long or Short direction,
Don’t forget! you need to Webhook URL,
Don’t miss paste this code to your message window {{strategy.order.alert_message}}
ALSO:
If you have any ideas what to add to my work to add more sources or make calculations cooler, feel free to write me.
Spaghetti by RainbowLabsWhen I started trading, very few people gave me a hand or even a small piece of advice. One of them was @btc_charlie. From Charlie, I first saw the spaghetti chart, and he explained to me how it was useful in identifying which coin made the most sense to trade at a specific time.
In practice, it worked like this: in the "add" section, you add all the pairs you want and overlap them on the chart, creating the spaghetti chart. Although it worked, and still works, this way, I wondered if it would be better to write an indicator that does the same thing, maybe less invasive on the chart, that you can call as many times as you want and in different versions. In short, I tried to recreate the same thing but potentially better, let's see if I succeeded.
Introducing Spaghetti chart by RainbowLabs:
This indicator takes 20 different pairs as user input and works with any pair on any exchange provided the name is spelled correctly. In the settings, there are four columns: the first for the exchange, the second for the ticker, the third for the base pair, and lastly, the color. Again, it works with any pair on any exchange, but if you put something that does not exist or is misspelled, it will cause the script to error.
The second thing to do is to set when our spaghetti will be reset. By default, it resets every hour, but you can change it to any preferred timeframe in the menu, keeping in mind that we will write the timeframe in minutes, not alphanumeric. For example, 4h will not be four hours, but you will have to write 240.
In the settings, we can also change the position and size of the table.
How it works:
All pairs are reset when the timeframe defined by the user in the settings changes. The script then calculates the percentage difference from that moment onwards for each pair at the closing of the candle of the timeframe we are in. For example: by default, the timeframe resets every hour, so we will use it on one minute. It does not make sense on larger timeframes, and you will have to increase the reset timeframe.
How to use it:
Risk on\off BTC vs alts
As Charlie says in his tweet: "should I be risk on or off?" for SIX:ALTS rule might be ">70% of Alts recovering after a dip."
Identify a dip on bitcoin and compare what happens immediately after. If more than 70% of alts gain more than BTC, it may be better to remain positioned in alts. When the opposite happens, it is better to stay on BTC or stable.
Sell-off, Rally
During a significant sell-off or rally, it is important to analyze which coins were performing better or worse in the immediate past. It is statistically more profitable to trade those pairs that were over-performing, positively or negatively, just before the event.
Arbitrage and Triangular Arbitrage.
While it may be difficult to find large arbitrage opportunities in current market conditions, we can use tools to identify the best price of the same pair on multiple exchanges and compare it with one or multiple pairs on other exchanges. Having a comprehensive view of the market can be useful for anyone who is not using advanced trading bots to find arbitrage opportunities.
Quick Screener
You can add multiple spaghetti indicators to a single chart, and with the paid version of TradingView, you can use multiple layouts to plot as many coins on as many exchanges as you want. In the picture, you can see 240 pairs on four different exchanges all together. This feature allows you to quickly screen for potential trading opportunities and identify trends across multiple pairs and exchanges.
Known issues:
When the currency exchange rate is equal to 0.0000, the plotted line may not be visible.
MTF Diagonally Layered RSI - 1 minute Bitcoin Bot [wbburgin]This is a NON-REPAINTING multi-timeframe RSI strategy (long-only) that enters a trade only when two higher timeframes are oversold. I wrote it on BTC/USD for 1min, but the logic should work on other assets as well. It is diagonally layered to be profitable for when the asset is in a downtrend.
Diagonal layering refers to entry and exit conditions spread across different timeframes. Normally, indicators can become unprofitable because in downtrends, the overbought zones of the current timeframe are not reached. Rather, the overbought zones of the faster timeframes are reached first, and then a selloff occurs. Diagonally-layered strategies mitigate this by selling diagonally, that is, selling once the faster timeframe reaches overbought and buying once the slower timeframe reaches oversold.
Thus this strategy is diagonally layered down . I may create a separate script that alternates between diagonal-up and diagonal-down based off of overall trend, as in extended trend periods up this indicator may not flash as frequently. This can be visualized in a time series x timeframe chart as an "X" shape. Something to consider...
Let me know if you like this strategy. Feel free to alter the pyramiding entries, initial capital, and entry size, as well as commission regime. My strategies are designed to maximize average profit instead of flashing super frequently, as the fees will eat you up. Additionally, at the time of publication, all of my strategy scripts are intended to have profitable Sharpe and Sortino ratios.
Timeframes, RSI period, and oversold/overbought bounds are configurable.
