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Support & Resistance AI (K means/median) [ThinkLogicAI]█ OVERVIEW K-means is a clustering algorithm commonly used in machine learning to group data points into distinct clusters based on their similarities. While K-means is not typically used directly for identifying support and resistance levels in financial markets, it can serve as a tool in a broader analysis approach. Support and resistance levels are price levels in financial markets where the price tends to react or reverse. Support is a level where the price tends to stop falling and might start to rise, while resistance is a level where the price tends to stop rising and might start to fall. Traders and analysts often look for these levels as they can provide insights into potential price movements and trading opportunities. █ BACKGROUND The K-means algorithm has been around since the late 1950s, making it more than six decades old. The algorithm was introduced by Stuart Lloyd in his 1957 research paper "Least squares quantization in PCM" for telecommunications applications. However, it wasn't widely known or recognized until James MacQueen's 1967 paper "Some Methods for Classification and Analysis of Multivariate Observations," where he formalized the algorithm and referred to it as the "K-means" clustering method. So, while K-means has been around for a considerable amount of time, it continues to be a widely used and influential algorithm in the fields of machine learning, data analysis, and pattern recognition due to its simplicity and effectiveness in clustering tasks. █ COMPARE AND CONTRAST SUPPORT AND RESISTANCE METHODS 1) K-means Approach: Cluster Formation: After applying the K-means algorithm to historical price change data and visualizing the resulting clusters, traders can identify distinct regions on the price chart where clusters are formed. Each cluster represents a group of similar price change patterns. Cluster Analysis: Analyze the clusters to identify areas where clusters tend to form. These areas might correspond to regions of price behavior that repeat over time and could be indicative of support and resistance levels. Potential Support and Resistance Levels: Based on the identified areas of cluster formation, traders can consider these regions as potential support and resistance levels. A cluster forming at a specific price level could suggest that this level has been historically significant, causing similar price behavior in the past. Cluster Standard Deviation: In addition to looking at the means (centroids) of the clusters, traders can also calculate the standard deviation of price changes within each cluster. Standard deviation is a measure of the dispersion or volatility of data points around the mean. A higher standard deviation indicates greater price volatility within a cluster. Low Standard Deviation: If a cluster has a low standard deviation, it suggests that prices within that cluster are relatively stable and less likely to exhibit sudden and large price movements. Traders might consider placing tighter stop-loss orders for trades within these clusters. High Standard Deviation: Conversely, if a cluster has a high standard deviation, it indicates greater price volatility within that cluster. Traders might opt for wider stop-loss orders to allow for potential price fluctuations without getting stopped out prematurely. Cluster Density: Each data point is assigned to a cluster so a cluster that is more dense will act more like gravity and 2) Traditional Approach: Trendlines: Draw trendlines connecting significant highs or lows on a price chart to identify potential support and resistance levels. Chart Patterns: Identify chart patterns like double tops, double bottoms, head and shoulders, and triangles that often indicate potential reversal points. Moving Averages: Use moving averages to identify levels where the price might find support or resistance based on the average price over a specific period. Psychological Levels: Identify round numbers or levels that traders often pay attention to, which can act as support and resistance. Previous Highs and Lows: Identify significant previous price highs and lows that might act as support or resistance. The key difference lies in the approach and the foundation of these methods. Traditional methods are based on well-established principles of technical analysis and market psychology, while the K-means approach involves clustering price behavior without necessarily incorporating market sentiment or specific price patterns. It's important to note that while the K-means approach might provide an interesting way to analyze price data, it should be used cautiously and in conjunction with other traditional methods. Financial markets are influenced by a wide range of factors beyond just price behavior, and the effectiveness of any method for identifying support and resistance levels should be thoroughly tested and validated. Additionally, developments in trading strategies and analysis techniques could have occurred since my last update. █ K MEANS ALGORITHM The algorithm for K means is as follows: Initialize cluster centers assign data to clusters based on minimum distance calculate cluster center by taking the average or median of the clusters repeat steps 1-3 until cluster centers stop moving █ LIMITATIONS OF K MEANS There are 3 main limitations of this algorithm: Sensitive to Initializations: K-means is sensitive to the initial placement of centroids. Different initializations can lead to different cluster assignments and final results. Assumption of Equal Sizes and Variances: K-means assumes that clusters have roughly equal sizes and spherical shapes. This may not hold true for all types of data. It can struggle with identifying clusters with uneven densities, sizes, or shapes. Impact of Outliers: K-means is sensitive to outliers, as a single outlier can significantly affect the position of cluster centroids. Outliers can lead to the creation of spurious clusters or distortion of the true cluster structure. █ LIMITATIONS IN APPLICATION OF K MEANS IN TRADING Trading data often exhibits characteristics that can pose challenges when applying indicators and analysis techniques. Here's how the limitations of outliers, varying scales, and unequal variance can impact the use of indicators in trading: Outliers are data points that significantly deviate from the rest of the dataset. In trading, outliers can represent extreme price movements caused by rare events, news, or market anomalies. Outliers can have a significant impact on trading indicators and analyses:    Indicator Distortion: Outliers can skew the calculations of indicators, leading to   misleading signals. For instance, a single extreme price spike could cause indicators like moving averages or RSI (Relative Strength Index) to give false signals.    Risk Management: Outliers can lead to overly aggressive trading decisions if not  properly accounted for. Ignoring outliers might result in unexpected losses or missed opportunities to adjust trading strategies. Different Scales: Trading data often includes multiple indicators with varying units and scales. For example, prices are typically in dollars, volume in units traded, and oscillators have their own scale. Mixing indicators with different scales can complicate analysis:   Normalization: Indicators on different scales need to be normalized or standardized to ensure they contribute equally to the analysis. Failure to do so can lead to one indicator dominating the analysis due to its larger magnitude.   Comparability: Without normalization, it's challenging to directly compare the significance of indicators. Some indicators might have a larger numerical range and could overshadow others. Unequal Variance: Unequal variance in trading data refers to the fact that some indicators might exhibit higher volatility than others. This can impact the interpretation of signals and the performance of trading strategies:   Volatility Adjustment: When combining indicators with varying volatility, it's essential to adjust for their relative volatilities. Failure to do so might lead to overemphasizing or underestimating the importance of certain indicators in the trading strategy.   Risk Assessment: Unequal variance can impact risk assessment. Indicators with higher volatility might lead to riskier trading decisions if not properly taken into account. █ APPLICATION OF THIS INDICATOR This indicator can be used in 2 ways: 1) Make a directional trade: If a trader thinks price will go higher or lower and price is within a cluster zone, The trader can take a position and place a stop on the 1 sd band around the cluster. As one can see below, the trader can go long the green arrow and place a stop on the one standard deviation mark for that cluster below it at the red arrow. using this we can calculate a risk to reward ratio. Calculating risk to reward: targeting a risk reward ratio of 2:1, the trader could clearly make that given that the next resistance area above that in the orange cluster exceeds this risk reward ratio. 2) Take a reversal Trade: We can use cluster centers (support and resistance levels) to go in the opposite direction that price is currently moving in hopes of price forming a pivot and reversing off this level. Similar to the directional trade, we can use the standard deviation of the cluster to place a stop just in case we are wrong. In this example below we can see that shorting on the red arrow and placing a stop at the one standard deviation above this cluster would give us a profitable trade with minimal risk. Using the cluster density table in the upper right informs the trader just how dense the cluster is. Higher density clusters will give a higher likelihood of a pivot forming at these levels and price being rejected and switching direction with a larger move. █ FEATURES & SETTINGS General Settings: Number of clusters: The user can select from 3 to five clusters. A good rule of thumb is that if you are trading intraday, less is more (Think 3 rather than 5). For daily 4 to 5 clusters is good. Cluster Method: To get around the outlier limitation of k means clustering, The median was added. This gives the user the ability to choose either k means or k median clustering. K means is the preferred method if the user things there are no large outliers, and if there appears to be large outliers or it is assumed there are then K medians is preferred. Bars back To train on: This will be the amount of bars to include in the clustering. This number is important so that the user includes bars that are recent but not so far back that they are out of the scope of where price can be. For example the last 2 years we have been in a range on the sp500 so 505 days in this setting would be more relevant than say looking back 5 years ago because price would have to move far to get there. Show SD Bands: Select this to show the 1 standard deviation bands around the support and resistance level or unselect this to just show the support and resistance level by itself. Features: Besides the support and resistance levels and standard deviation bands, this indicator gives a table in the upper right hand corner to show the density of each cluster (support and resistance level) and is color coded to the cluster line on the chart. Higher density clusters mean price has been there previously more than lower density clusters and could mean a higher likelihood of a reversal when price reaches these areas. █ WORKS CITED Victor Sim, "Using K-means Clustering to Create Support and Resistance", 2020, towardsdatascience.com Chris Piech, "K means", stanford.edu █ ACKNOLWEDGMENTS @jdehorty- Thanks for the publish template. It made organizing my thoughts and work alot easier.
Penunjuk Pine Script®
oleh ThinkLogicAI
40
[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.
Penunjuk Pine Script®
oleh OKX
3
Price Depth Analysis to the MAHello Traders! Today, I bring you an indicator that can greatly assist you in your trading. This indicator aims to analyze the Expansion and Contraction process of the price in relation to a moving average. We refer to "Expansion" when the price moves away from the moving average; a significant expansion could signal that the asset is in a strong trend. On the other hand, when we refer to "Contraction", it's when the price approaches or returns to the moving average. A contraction could signal that the asset is losing momentum and might be preparing for a trend change or consolidation. To use the indicator, the first thing you need to do is define the type of analysis you want to perform (from the indicator settings) whether you want to evaluate prices above the moving average or below. You should also select the type of moving average and its period. The indicator will search for the maximum distance in all the chart bars, which will be represented with a yellow label. From that value, the indicator will generate a certain number of proportional levels (configurable up to 20) and will count all the bars that reached each level. This will be represented in a table showing both the number of bars that reached each range and the percentage in relation to the total bars of all ranges. Additionally, there's the possibility to view the ranges directly for the current price, providing a good reference. >> Alerts: The indicator comes with alerts that notify traders about specific price movements in relation to a moving average (MA). These alerts are triggered when the price enters different ranges, either above or below the MA. >> Settings: - Type of Analysis: Users can choose to analyze the price either above or below the MA. - Length of the moving average: Length of the MA. - Source of the moving average: Source to calculate the MA (e.g., close, open). - Type of moving average: Type of MA (SMA, EMA, WMA, VWMA, HMA). - Show Moving Average: Option to display or hide the MA on the chart. - Number of levels: Number of levels or ranges to categorize the distance between the price and the MA. - Number of decimals: Number of decimals to display in labels and tables. - Show Ranges: Option to display or hide the ranges on the chart. - Extend Range: Extension of the ranges into future bars. - Range Fill Transparency: Transparency of the range fill. >> Potential Utility of the Indicator: - Entry and Exit Optimization: By understanding the percentages of each range, traders can identify optimal levels to enter or exit a trade, maximizing profits and minimizing losses. - Risk Management: Range percentages can help determine market volatility. A range with a high percentage indicates greater volatility, which can be useful for setting wider stop losses or adjusting position size. - Overbought and Oversold Zone Identification: If a price is at the upper or lower extreme of its percentage range, it may indicate overbought or oversold conditions, respectively. These zones can be opportunities for counter-trend trades. - Momentum Assessment: A rapid change in range percentages can indicate strong momentum in a particular direction. Traders can use this information to ride the momentum wave or prepare for a potential reversal. - False Signal Filtering: By combining range percentage knowledge with other indicators, traders can filter out signals that might be less reliable, thus improving trade accuracy. - Strategic Planning: Knowing range percentages allows traders to adapt their strategies according to market conditions. For instance, in a market with narrow ranges and low percentages, they might opt for range strategies. In markets with wide ranges and high percentages, they might look for trend strategies. - Trend Strength Evaluation: If range percentages show that the price consistently stays at one end of the range, this may signal a strong and sustained trend. - Improved Trading Discipline: By basing trading decisions on quantitative data like range percentages, traders can trade more objectively and disciplined, avoiding impulsive or emotion-based decisions. >> Future Indicator Update: - In future versions, we plan to incorporate a detailed analysis based on the historical behavior of candles after the price enters a specific range. For instance, if after an upward movement the price enters a certain range and historically, the next candle tends to be bearish in a high percentage of occasions, this information will be highlighted and presented clearly to the user. The idea behind this addition is to provide traders with a statistical edge, allowing them to anticipate potential market movements with greater accuracy. Moreover, this information could be used to seek trading opportunities in smaller timeframes, aligning the trade direction based on the probability of this mentioned candle. >> Conclusions: - In summary, a detailed understanding of each range's percentages in an indicator provides traders with a valuable tool to analyze the market, make informed decisions, and enhance their trading. By grasping the significance of these percentages, traders can adapt their strategies and techniques to fully leverage the opportunities the market presents.
Penunjuk Pine Script®
oleh Dreadblitz
5
A.I Fibonacci [Paradox]Description: The A.I fibonacci is a tool designed to assist traders in identifying potential price levels following a retracement. Unlike many other Fibonacci indicators available, this script is tailored to highlight the most crucial levels for entries, take profits, and stop losses. Key Features: Automatic Calculation: The script automatically calculates and plots Fibonacci extension levels based on the price movement and the highs and the lows on the chart. Optimal Levels: It emphasizes the most relevant levels for making informed trading decisions, ensuring traders focus on what specific levels. Versatility: Suitable for all markets, making it a versatile tool for traders across different asset classes. User-Friendly: Designed with both novice and experienced traders in mind, the script is easy to use and interpret. How It Stands Out: While there are numerous Fibonacci tools available, the A.I Fibonacci is distinct in its approach. It not only calculates potential price reversal areas but also pinpoints possible price levels after a retracement is completed. This dual functionality ensures traders have a comprehensive view of the market. How to Use: Apply the script to your desired chart. Observe the plotted Fibonacci levels. Use these levels to determine potential entry, exit, and stop-loss points. Green - Entry levels Red - Stop Loss Levels Yellow - Take Profit Levels Applicability: A.I Fibonacci is designed for all markets, making it a versatile tool for forex, stocks, commodities, and more. Conditions for Use: The script performs optimally under various market conditions. However, as with all technical tools, it's recommended to use it in conjunction with other indicators and analysis methods for best results.
Penunjuk Pine Script®
oleh paradoxalgo
3
CC Trend strategy 2- Downtrend ShortTrend Strategy #2 Indicators: 1. EMA(s) 2. Fibonacci retracement with a mutable lookback period Strategy: 1. Short Only 2. No preset Stop Loss/Take Profit 3. 0.01% commission 4. When in a profit and a closure above the 200ema, the position takes a profit. 5. The position is stopped When a closure over the (0.764) Fibonacci ratio occurs. * NO IMMEDIATE RE-ENTRIES EVER!* How to use it and what makes it unique: This strategy will enter often and stop quickly. The goal with this strategy is to take losses often but catch the big move to the downside when it occurs through the Silvercross/Fibonacci combination. This is a unique strategy because it uses a programmed Fibonacci ratio that can be used within the strategy and on any program. You can manipulate the stats by changing the lookback period of the Fibonacci retracement and looking at different assets/timeframes. This description tells the indicators combined to create a new strategy, with commissions and take profit/stop loss conditions included, and the process of strategy execution with a description of how to use it. If you have any questions feel free to PM me and boost if you found it helpful. Thank you, pineUSERS! CHEATCODE1
Strategi Pine Script®
oleh CheatCode1
Bollinger Bands Modified (Stormer)This strategy is based and shown by trader and investor Alexandre Wolwacz "Stormer". Overview The strategy uses two indicators Bollinger Bands and EMA (optional for EMA). Calculates Bollinger Bands, EMA, highest high, and lowest low values based on the input parameters, evaluating the conditions to determine potential long and short entry signals. The conditions include checks for crossovers and crossunders of the price with the upper and lower Bollinger Bands, as well as the position of the price relative to the EMA. The script also incorporates the option to add an inside bar pattern check for additional information. Entry Position Long Position: Price cross over the superior band of bollinger bands. The EMA is used to add support for trend analysis, it is an optional input, when used, it checks if price is above EMA. Short Position: Price cross under the inferior band of bollinger bands. The EMA is used to add support for trend analysis, it is an optional input, when used, it checks if price is under EMA. Risk Management Stop Loss: The stop loss is calculated based on the input highest high (for short position) and lowest low (for long position). It gets the length based on the input from the last candles to set which is the highest high and which is the lowest low. Take Profit: According to the author, the profit target should be at least 1:1.6 the risk, so to have the strategy mathematically positive. The profit target is configured input, can be increased or decreased. It calculates the take profit based on the price of the stop loss with the profit target input.
Strategi Pine Script®
oleh AugustoErni
BB and KC StrategyThis script is designed as a TradingView strategy that uses Bollinger Bands (BB) and Keltner Channels (KC) as the primary indicators for generating trade signals. It aims to catch potential market trends by comparing the movements of these two popular volatility measures. Key aspects of this strategy: 1. **Bollinger Bands and Keltner Channels:** Both are volatility-based indicators. The Bollinger Bands consist of a middle band (simple moving average) and two outer bands calculated based on standard deviation, which adjusts itself to market conditions. Keltner Channels are a set of bands placed above and below an exponential moving average of the price. The distance between the bands is calculated based on the Average True Range (ATR), a measure of price volatility. 2. **Entry Signals:** The strategy enters a long position when the upper KC line crosses above the upper BB line and the volume is above its moving average. Conversely, it enters a short position when the lower KC line crosses below the lower BB line and the volume is above its moving average. 3. **Exit Signals:** The strategy exits a position under two conditions. First, if the trade has been open for a certain number of bars defined by the user (default 20 bars). Second, a stop loss and trailing stop are in place to limit potential losses and lock in profits as the price moves favorably. The stop loss is set at a percentage of the entry price (default 1.5% for long and -1.5% for short), and the trailing stop is also a percentage of the entry price (default 2%). 4. **Trade Quantity:** The script allows specifying the investment amount for each trade, set to a default of 1000 currency units. Remember, this is a strategy script, which means it is used for backtesting and not for real-time signals or live trading. It is also recommended that it is used as a tool to aid your trading, not as a standalone system. As with any strategy, it should be tested over different market conditions and used in conjunction with other aspects of technical and fundamental analysis to ensure robustness and effectiveness.
Strategi Pine Script®
oleh jensenvilhelm
1
AUTOMATIC GRID BOT STRATEGY [ilovealgotrading] OVERVIEW: This Grid trading strategy can help you maximize your profit in a ranging sideways market with no clear direction. INDICATOR: We can get some money by taking advantage of the movement of the price between the range we have determined. Short positions are opened while the price is rising, long positions are opened while the price is falling. Therefore, there is no need to predict the trend direction. What is different in this indicator: I want to say thank you to © thequantscience. His GRID SPOT TRADING ALGORITHM - GRID BOT TRADING strategy helped me when I was writing my indicator. I want to explain what I have improved: 1- Grid strategy is a type of strategy that can be traded in very short time frames and users can trade this strategy algorithmically by connecting this strategy to their own accounts with the help of API systems. For this reason, I have developed a software that can give us signals by dynamically changing the long and short messages when users are trading. 2- We can change the start and end dates of our grid bot as we want. It is necessary to use this setting when setting up automatic bots, so that previously opened transactions are not taken into account. 3 - Lot or quantity size should not be excessively small when users are taking automatic trades because exchanges have limitations, to avoid this problem, I have prevented this error by automatically rounding up to the nearest quantity size inside the software. 4 - Users can avoid excessive losses by using stop loss on this grid bot if they wish. 5 - When our price is over the range high or below the range low, our open positions are closed, if the stop button is active. We can also change which close price time frame we take as a basis from the settings. 6 -Users can set how many dollars they can enter per transaction while performing their transactions automatically. IMPLEMENTATION DETAILS – SETTINGS: This script allows the user to choose the highs and lows leves of our range. Our bot trades in the specified range. 1. This strategy allows us to set start and end backtest dates. 2. We can change range high and range low leves of our bot 3. IF people want to trade algorithmically with the help of this bot, there are 6 different input systems that will receive the Json codes as an alarm 4. IF the price closes above the upper line or below the lower line, all transactions will be closed. We can determine in which time frame our transactions will be stopped if the price closes outside these levels.We can adjust how our bot works by activating or turning off the Stop Loss button. 5. In this strategy, you can determine your dollar cost for per position. 6. The user can also divide the interval we have determined into 10 parts or 20 equal parts. 7. The grid is divided and colored at the interval we set. At the same time, if we don't want we can turn off colored channels. Notes: If you're going to connect this bot to an automatic Long and 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: Set your range below the support zones and above the resistance zones. Don't be afraid to take a wide range, it doesn't matter if you make a little money, the important thing is that you don't lose money. If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Strategi Pine Script®
oleh projeadam
106
Swing BoxesHey, folks! Sorry for not posting anything for such a long time. Don't have enough ideas and resources to get inspiration, so trying to brainstorm good stuff in my free time from university studies. But despite my absence more I now have 300+ people subscribed to me! Thanks, guys, for keeping interest for my work, as I still do value each boost on my script, for real :) So here is new script , enjoy! Swing Boxes is pretty simple indicator, which plots signals with "boxes", that help you determine price targets. What is the idea behind? I wanted to make indicator, that could help me make swing trades with nice accuracy (as all we want, lol), and for signal criteria I decided to use highs and lows of the price . Then I started coding some ideas to see which of them could be worthy. And, actually, Swing Boxes appeared to be good. But the thing is, that I didn't intend to build them, they appeared as an anomaly from my code :) I started to explore this anomaly (it looked super cool, but was repainting hard) to fix it and I succeeded, now Swng Boxes don't repaint. The main idea is that when price goes above it's highest value of p-bars back or below it's lowest value p-bars back, then there is a some god probability, that price will continue to follow current direction. And the things about Swing Boxes is that when there is a good trend movement, the boxes become super small to track price movement and when price breaks out in the counter-trend direction, then you will be able to almost perfectly catch a top or a bottom! But most of the signals won't be so high-quality, so don't think that is this some holy grail to trade swing-trading, because it is not. Signal logic Quick hint: - epsilon(variable e ) = ATR * ATR_Factor . It is used to determine box's sensitivity to price changes. If previous close is higher than variable, which contains previous HIGHEST value (variable h in the code), then update the this variable by taking up-to-date highest value and add epsilon( e ) to it; If previous close is lower than variable, which contains previous LOWEST value (variable l in the code), then update the this variable by taking up-to-date lowest value and substract epsilon( e ) from it. Variables decribed above ( h and l ) are box's top and bottom respectively, so if price cross them, it is logical to update it is value. Settings and what is what Swing Box Period - numbers fo bars in the past to find highest and lowest price from. The bigger the input, the bigger the boxes will be; ATR Period; ATR Factor - multiplier for ATR, determines sensitivity for price changes. The bigger this input, the more accurate signals will be, but less the probability that the signal will be on the top or a bottom. Show Boxes? - when chosen, plots box's top and bottom. Used to determine price targets. Show Baseline? - when chosen, plot's baseline, which midline between box's top and bottom. How to use? This indicator plots green and red triangles by default. - Green triangle --> Buy ; - Red triangle --> Sell ; As I've said before, many signals from indicator will probably be garbage, so you need to tune settings for youself, so it could satisfy you . You can enable showing boxes to see box's top and bottom. Box's bottom --> your entry, top --> your profit target. If you find a way to sort bad signals, you will be able to trade with super cool RR, because the signal from Swing Boxes appear to be a good one, there is almost 95% probability, that price will not even come close to your stop loss, so you can trade with super small stop-losses! Smaller stop-loss --> smaller risk --> smaller loss --> bigger profit, it is that easy. Also you can enable baseline to use at as your 1st TP, and box's top/bottom as 2nd TP, closing 25% on TP1 and the rest on TP2 (but that is just mine recommendation, you can use different RM (risk-management), if you want). Also you can use baseline as your S/R (Support/Resistance) line, test it out on your charts. And please, hear me out: as all other indicators out here on the TradingView, Swing Boxes ARE NOT meant to be traded in solo! Many bad signal can go in a row, so PLEASE find your way to filter out bad signals with other indicators. You can see here the example of a garabge-class signal in a row, so be don't be deluded! I do hope that somebody will suggest and idea to improve this thing, as I personally don't have enough time to think about it because of my university studies, but I will probably try it make this thing better throughout the time. And that's it for now, folks! If you have any ideas for scripts, strategies or anything else, feel free to DM me or leave a comment, I will check it. Hope you will find this script useful. Take your profits! - Tarasenko Fyodor
Penunjuk Pine Script®
oleh tarasenko_
7
Liquidity Candles with Prev Day High/Low and Midnight OpenAlright, let's talk about how to use this fancy indicator. But first, let me warn you, using indicators is like driving a car, you can't just press the gas pedal and hope for the best. You need to know what you're doing, or else you'll crash and burn faster than a soufflé in a microwave. Now, let's get started. The first thing you need to do is understand what this indicator is telling you. Think of it like a signalman at a train station. He's waving flags and giving hand signals to tell you whether it's safe to proceed or if you need to stop and wait. This indicator works the same way. It's going to give you signals based on price movements, telling you whether it's safe to buy or sell. But don't get too excited, my friend. You still need to use your brain and make smart decisions. Don't just blindly follow the signals, or else you'll end up like a sheep being led to the slaughter. Now, let's talk about some of ICT's smart money trading concepts. First up, we have "liquidity grabs". This is when the big boys in the market create false breakouts to shake out the weak hands. They're like school bullies stealing lunch money from the little kids. But you can avoid being a victim by watching for signs of a liquidity grab, and using your brain to decide whether it's a real breakout or just a trap. Next up, we have "stop runs". This is when the big players purposely trigger stop-loss orders to get a better entry or exit. It's like a game of chicken, but with your money on the line. To avoid being run over, keep an eye on your stop-loss orders, and don't be too predictable in your trading. Finally, we have "market structure". This is like the blueprint of the market, showing you where the support and resistance levels are. It's like a treasure map to finding the best trades. But don't forget that market structure can change over time, so keep updating your map and stay ahead of the game. So there you have it, my friend. A quick tutorial on using this indicator, with a side of ICT's smart money trading concepts. But remember, indicators are just tools, and you're the one driving the car. Use your brain, stay alert, and don't be a sheep. Happy trading! Divergent Trades LLC: Disclaimer: The information provided by the Divergent Trades LLC indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy, sell, or trade any financial instrument. Divergent Trades LLC is not responsible for any losses incurred as a result of using this indicator. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. Before making any investment decisions, please consult with a financial advisor and do your own due diligence. Past performance is not indicative of future results. By using the Divergent Trades LLC indicator, you acknowledge that you have read and understand this disclaimer and agree to its terms and conditions.
Penunjuk Pine Script®
oleh DivergentTrades
2
Trend #4 - ATR+EMA channelOverview: This strategy use ATR to take-profit, Red-EMA to stop-loss, Blue-EMA channel to judgment breakout. This strategy use commission setting is 0.05%, slippage setting is 2 ticks, you can set the appropriate value size in the properties page. What it does: This strategy detects when a trend is emerging and buy or sell. How it does it: When the price breaks through the blue EMA channel, the trend is judged to be strong in the short term, strategy generates a buy or sell order. After buying or selling,, if the price moves in the expected direction, uses ATR to determine the appropriate spread to take profit, otherwise use red EMA for stop loss. How to use it: Start Date and Stop Date - This parameter adjusts the time range used by the strategy. Stoploss - This parameter adjusts the stop loss amount after each order is placed. Blue EMA length - This parameter adjusts the length of the channel. Blue EMA multy - This parameter adjusts the width of the top and bottom of the channel. ATR Period - This parameter adjusts the number of candles used by the ATR. ATR mult - This parameter adjusts the upper and lower widths of the ATR. Lowering this parameter can improve the win rate, but not necessarily the profitability. Red EMA length - This parameter adjusts the number of candles used by the red EMA . Long - This switch is used to turn Long position on or off. Short - This switch is used to turn short position on or off.
Strategi Pine Script®
oleh zxcv55602
3
Chews Opening Range Breakout - FibonacciVisual tool for taking a Fibonacci retracement-backed opening range breakout. How it works: Short a first red candle. Long a first green candle. You decide which Fibonacci % you prefer your stop loss to be, the plot and label will represent your decision. Fibonacci logic is close --> open. Recommendations: Use a lower time frame interval like 3m. Extra Notes: On higher priced stocks, you may see some discrepancy (~$0.1!) when plotting a Fibonacci Retracement compared to the suggested stop loss. Since this discrepancy happens on inherently more volatile stocks, I have chosen to neglect the discrepancy instead of going for point perfect stop loss exits. Realistically, it won't matter unless you get very unlucky. Fibonacci drawing is not a feature of what this indicator plots. It's there for reference, but I can add if requested. I drafted this simple code to help me visualize automating this strategy. "That's spoicy!" ToDo: Add an optional two-sided ORB. Higher chance of success since it is meant for reversals.
Penunjuk Pine Script®
oleh ChewMeHarder
Coral Trend Pullback Strategy (TradeIQ)Description: Strategy is taken from the TradeIQ YouTube video called "I Finally Found 80% Win Rate Trading Strategy For Crypto". Check out the full video for further details/clarification on strategy entry/exit conditions. The default settings are exactly as TradeIQ described in his video. However I found some better results by some tweaking settings, increasing R:R ratio and by turning off confirmation indicators. This would suggest that perhaps the current confirmation indicators are not the best options. I'm happy to try add some other optional confirmation indicators if they look to be more effective. Recommended timeframe: 1H Strategy incorporates the following features: Risk management: Configurable X% loss per stop loss Configurable R:R ratio Trade entry: Based on strategy conditions below Trade exit: Based on strategy conditions below Backtesting: Configurable backtesting range by date Trade drawings: Each entry condition indicator can be turned on and off TP/SL boxes drawn for all trades. Can be turned on and off Trade exit information labels. Can be turned on and off NOTE: Trade drawings will only be applicable when using overlay strategies Alerting: Alerts on LONG and SHORT trade entries Debugging: Includes section with useful debugging techniques Strategy conditions Trade entry: LONG C1: Coral Trend is bullish C2: At least 1 candle where low is above Coral Trend since last cross above Coral Trend C3: Pullback happens and price closes below Coral Trend C4: Coral Trend colour remains bullish for duration of pullback C5: After valid pullback, price then closes above Coral Trend C6: Optional confirmation indicators (choose either C6.1 or C6.2 or NONE): C6.1: ADX and DI (Single indicator) C6.1.1: Green line is above red line C6.1.2: Blue line > 20 C6.1.3: Blue trending up over last 1 candle C6.2: Absolute Strengeh Histogram + HawkEye Volume Indicator (Two indicators combined) C6.2.1: Absolute Strengeh Histogram colour is blue C6.2.2: HawkEye Volume Indicator colour is green SHORT C1: Coral Trend is bearish C2: At least 1 candle where high is below Coral Trend since last cross below Coral Trend C3: Pullback happens and price closes above Coral Trend C4: Coral Trend colour remains bearish for duration of pullback C5: After valid pullback, price then closes below Coral Trend C6: Optional confirmation indicators (choose either C6.1 or C6.2 or NONE): C6.1: ADX and DI (Single indicator) C6.1.1: Red line is above green line C6.1.2: Blue line > 20 C6.1.3: Blue trending up over last 1 candle C6.2: Absolute Strengeh Histogram + HawkEye Volume Indicator (Two indicators combined) C6.2.1: Absolute Strengeh Histogram colour is red C6.2.2: HawkEye Volume Indicator colour is red NOTE: All the optional confirmation indicators cannot be overlayed with Coral Trend so feel free to add each separately to the chart for visual purposes Trade exit: Stop Loss: Calculated by recent swing low over previous X candles (configurable with "Local High/Low Lookback") Take Profit: Calculated from R:R multiplier * Stop Loss size Credits Strategy origin: TradeIQ's YouTube video called "I Finally Found 80% Win Rate Trading Strategy For Crypto" It combines the following indicators for trade entry conditions: Coral Trend Indicator by @LazyBear (Main indicator) Absolute Strength Histogram | jh by @jiehonglim (Optional confirmation indicator) Indicator: HawkEye Volume Indicator by @LazyBear (Optional confirmation indicator) ADX and DI by @BeikabuOyaji (Optional confirmation indicator)
Strategi Pine Script®
oleh kevinmck100
16
SSL + Wave Trend StrategyStrategy incorporates the following features: Risk management: Configurable X% loss per stop loss Configurable R:R ratio Trade entry: Based on strategy conditions below Trade exit: Based on strategy conditions below Backtesting: Configurable backtesting range by date Trade drawings: Each entry condition indicator can be turned on and off TP/SL boxes drawn for all trades. Can be turned on and off Trade exit information labels. Can be turned on and off NOTE: Trade drawings will only be applicable when using overlay strategies Alerting: Alerts on LONG and SHORT trade entries Debugging: Includes section with useful debugging techniques Strategy conditions Trade entry: LONG C1: SSL Hybrid baseline is BLUE C2: SSL Channel crosses up (green above red) C3: Wave Trend crosses up (represented by pink candle body) C4: Entry candle height is not greater than configured threshold C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration) C6: Take Profit target does not touch EMA (represents resistance) SHORT C1: SSL Hybrid baseline is RED C2: SSL Channel crosses down (red above green) C3: Wave Trend crosses down (represented by orange candle body) C4: Entry candle height is not greater than configured threshold C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration) C6: Take Profit target does not touch EMA (represents support) Trade exit: Stop Loss: Size configurable with NNFX ATR multiplier Take Profit: Calculated from Stop Loss using R:R ratio Credits Strategy is based on the YouTube video "This Unique Strategy Made 47% Profit in 2.5 Months " by TradeSmart. It combines the following indicators to determine trade entry/exit conditions: Wave Trend: Indicator: WaveTrend Oscillator by @LazyBear SSL Channel: SSL channel by @ErwinBeckers SSL Hybrid: SSL Hybrid by @Mihkel00 Keltner Channels: Keltner Channels Bands by @ceyhun Candle Height: Candle Height in Percentage - Columns by @FreeReveller NNFX ATR: NNFX ATR by @sueun123
Strategi Pine Script®
oleh kevinmck100
7
Short Swing Bearish MACD Cross (By Coinrule)This strategy is oriented towards shorting during downside moves, whilst ensuring the asset is trading in a higher timeframe downtrend, and exiting after further downside. This script can work well on coins you are planning to hodl for long-term and works especially well whilst using an automated bot that can execute your trades for you. It allows you to hedge your investment by allocating a % of your coins to trade with, whilst not risking your entire holding. This mitigates unrealised losses from hodling as it provides additional cash from the profits made. You can then choose to hodl this cash, or use it to reinvest when the market reaches attractive buying levels. Alternatively, you can use this when trading contracts on futures markets where there is no need to already own the underlying asset prior to shorting it. ENTRY This script utilises the MACD indicator accompanied by the Exponential Moving Average (EMA) 450 to enter trades. The MACD is a trend following momentum indicator and provides identification of short-term trend direction. In this variation it utilises the 11-period as the fast and 26-period as the slow length EMAs, with signal smoothing set at 9. The EMA 450 is used as additional confirmation to prevent the script from shorting when price is above this long-term moving average. Once price is above the EMA 450 the script will not open any shorts - preventing the rule from attempting to short uptrends. Due to this, this strategy is ideal for setting and forgetting. The script will enter trades based on two conditions: 1) When the MACD signals a bearish cross. This occurs when the EMA 11 crosses below the EMA 26 within the MACD signalling the start of a potential downtrend. 2) Price has closed below the EMA 450. Price closing below this long-term EMA signals that the asset is in a sustained downtrend. Price breaking above this could indicate a bullish strength in which shorting would not be profitable. EXIT This script utilises a set take-profit and stop-loss from the entry of the trade. The take profit is set at 8% and the stop loss of 4%, providing a risk reward ratio of 2. This indicates the script will be profitable if it has a win ratio greater than 33%. Take-Profit Exit: -8% price decrease from entry price. OR Stop-Loss Exit: +4% price increase from entry price. Based on backtesting results across a selection of assets, the 45-minute and 1-hour timeframes are the best for this strategy. The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance. The backtesting data was recorded from December 1st 2021, just as the market was beginning its downtrend. We therefore recommend analysing the market conditions prior to utilising this strategy as it operates best on weak coins during downtrends and bearish conditions, however the EMA 450 condition should mitigate entries during bullish market conditions.
Strategi Pine Script®
oleh Coinrule
SL and TP - ATRThis indicator is using ATR ( Average True Range ) to set the Target point and Stop loss. Use the pink number as target, always. If you are in Long position, use the green number as stop loss, so the red number is not useful in Buys. If you are in Short position, use the Red number as stop loss, so the green number is not useful in Sells. ** Need to enter the numbers in ticks --> VERY IMPORTANT: Write it completely, even the numbers after the point sign but DO NOT WRITE the point sign itself. e.g. : if the target tick on indicator is 123.75, you have to write 12375 ticks for your TP. ( one more example: If the number is 0.0001203 , write 1203 ticks. ) Enter the information of the opening candle. Most of the times, risk/reward ratio is a bit higher than 1. Works on multi timeframes. P.S: Haven't checked the weekly timeframe. Not trying to oversell the indicator, but this is perhaps the best TP/SL specifier. For beauty purposes, change (Sl @ buy) and (TP @ sell) to histograms. Histograms are only for visual purposes. Customize the indicator as you want :)) Hope you enjoy
Penunjuk Pine Script®
oleh Dr_M_A
Optimised RSI strategy for Reversals (by Coinrule)The most common way to use the RSI to spot a good buy opportunity is to check for values lower than 30. Unfortunately, the RSI can remain in oversold territory for long periods, and that could leave you trapped in a trade in loss. It would be appropriate to wait for a confirmation of the trend reversal. In the example above I use a short-term Moving Average (in this case, the MA9) coupled with an RSI lower than 40. This combination of events is relatively rare as reversal confirmations usually come when RSI values are already higher. As unusual as this setup is, it provides buy-opportunities with much higher chances of success. The parameters of this strategy would be: ENTRY: RSI lower than 40 and MA9 lower than the price TAKE PROFIT and STOP-LOSS with a ratio of at least 2. That means that if you set up a take profit of 3%, your stop-loss shouldn’t be larger than 1.5%. The advantage of this approach is that it has a high rate of success and allows you the flexibility of setting up the percentages of the take profit and stop-loss according to your preferences and risk appetite.
Strategi Pine Script®
oleh Coinrule
ka66: Percent Stop ChannelOften used as a dynamic stop loss management tool, this indicator: Takes a source series as input, e.g. a moving average, or close prices. Draws configurable channels, some percentage above and below the source series (e.g. for long vs. short stop losses) Since long vs. short trade profiles can be different, differing percentage inputs are allowed for the bands. While in forex or futures we tend to use ATRs (see my other script: ATR Stop Channels), in stocks, a percentage is more the norm, it's still as dynamic as the source series, being a function of it, and may at times be simpler to reason about in terms of money. An idea might be to set your stop loss at the point of entry where the band currently is (assuming you have observed and set a reasonable percentage).
Penunjuk Pine Script®
oleh ka66
PFCC - Pivot Fractal Chaos Channel [Open Source]With the release of my indicator "TOTC - Trade outside the Channel" , the Pivot Fractal Chaos Channel used there has attracted significant interest. Due to requests from some users, I am happy to publish the source code of the PFCC - although it is not "new" and has been implemented in many other scripts in one way or another. Some Examples: Support and Resistance Levels with Breaks: Support Resistance MTF: Pivot Points High Low (HH/HL/LH/LL): The code is briefly commented. Please feel free to use or further customize it ... And, of course, I would be happy to be named and/or linked. If you're satisfied, maybe buy me a coffee ;-) I'm curious to see how this indicator will develop with more ideas - Please keep me updated by commenting below or by sending me a message. Let's take a quick look at the function and idea PFCC - "Pivot Fractal Chaos Channel" or also known as "Fractal Chaos Band" can serve as a baseline trend indicator for your strategy. Essentially, the "Fractal Chaos Channel" shows an overall panorama of price action. As they filter out the insignificant price fluctuations. The upper level is created by drawing price highs and the lower level is created by drawing price lows. Two Ideas, how this indicator can be used Trend indicator: If the price breaks the upper line, it could be taken as a buy signal. If the price breaks the lower line, it could be taken as a sell signal. Trailing Stop Loss: You can track the stop loss with the rising line in case of a buy trade. On the other hand, you can track the stop loss with the falling fractal line in case of a sell trade. What do I need to consider? It may be advisable to add further indicators and an analysis of the market structure in order to confirm the signals issued by the indicator. Please note that when you make adjustments to any strategy, you always carry out particularly detailed tests. You would like to use this indicator, but you have adjustment requests, you want to have additional filters or features implemented, ...? I am happy to create individual indicators based on "PFCC - Pivot Fractal Chaos Channel" or your ideas. Write me a message and we will discuss the details and conditions.
Penunjuk Pine Script®
oleh consilus
9
Position Size Calc. (Risk Management Tool)Programmed this tool to help prevent overtrading. Example of application: Suppose you want to trade ETHUSDT on a 1 minute chart and you are only willing to risk $10 in one single trade. This way, if you get stopped out, then you will only lose $10. Say you are using ATR based stop loss at 2x current ATR to set the initial stop. All these variables are now fixed, so you must make an adjustment to the size of your position. Quick illustration: Tolerable loss per trade is $10 , the current ATR of ETHUSDT is $4.06, the size of your stop is $8.12 (4.06*2), then your position size should be 1.2 ETH ($10/$8.12). This script will constantly monitor the current ATR and display the optimal position size on chart. Tolerable loss (aka "Risk amount") is defined by user in settings. Lines showing the size of SL and TPs on chart are optional, it was added to the script to help users draw the long/short position measuring tools built into TradingView. Other notes: Always consider market liquidity, size of bid-ask spreads, and the possibilities of gap ups/downs. It can never be guaranteed that stop market/limit orders will get filled at desirable prices. Actual stop losses might differ.
Penunjuk Pine Script®
oleh DojiEmoji
3
3 Candle Strike StretegyMainly developed for AMEX:SPY trading on 1 min chart. But feel free to try on other tickers. Basic idea of this strategy is to look for 3 candle reversal pattern within trending market structure. The 3 candle reversal pattern consist of 3 consecutive bullish or bearish candles, followed by an engulfing candle in the opposite direction. This pattern usually signals a reversal of short term trend. This strategy also uses multiple moving averages to filter long or short entries. ie. if the 21 smoothed moving average is above the 50, only look for long (bullish) entries, and vise versa. There is option change these moving average periods to suit your needs. I also choose to use Linear Regression to determine whether the market is ranging or trending. It seems the 3 candle pattern is more successful under trending market. Hence I use it as a filter. There is also an option to combine this strategy with moving average crossovers. The idea is to look for 3 candle pattern right after a fast moving average crosses over a slow moving average. By default , 21 and 50 smoothed moving averages are used. This gives additional entry opportunities and also provides better results. This strategy aims for 1:3 risk to reward ratio. Stop losses are calculated using the closest low or high values for long or short entries, respectively, with an offset using a percentage of the daily ATR value. This allows some price fluctuation without being stopped out prematurely. Price target is calculated by multiplying the difference between the entry price and the stop loss by a factor of 3. When price target is reach, this strategy will set stop loss at the price target and wait for exit condition to maximize potential profit. This strategy will exit an order if an opposing 3 candle pattern is detected, this could happen before stop loss or price target is reached, and may also happen after price target is reached. *Note that this strategy is designed for same day SPY option scalping. I haven't determined an easy way to calculate the # of contracts to represent the equivalent option values. Plus the option prices varies greatly depending on which strike and expiry that may suits your trading style. Therefore, please be mindful of the net profit shown. By default, each entry is approximately equal to buying 10 of same day or 1 day expiry call or puts at strike $1 - $2 OTM. This strategy will close all open trades at 3:45pm EST on Mon, Wed, and Fri. **Note that this strategy also takes into account of extended market data. ***Note pyramiding is set to 2 by default, so it allows for multiple entries on the way towards price target. Remember that market conditions are always changing. This strategy was only able to be back-tested using 1 month of data. This strategy may not work the next month. Please keep that in mind. Also, I take no credit for any of the indicators used as part of this strategy. Enjoy~
Strategi Pine Script®
oleh PtGambler
7
Fibonacci Ghost CloudHello my nocturnal minions.... This is your dark knight in the crypto light.... your alpha and omega, your crypto king reigning wisdom down from my gilded throne of code! Enjoy the spooky Fibonacci Ghost Cloud. Shadows of previous Fibonacci look-back levels provide possible entries, stop losses, and take profit levels for intrepid crypto travelers. DESCRIPTION This indicator is front weighted by using the Fibonacci integer sequence..... 2,3,5,8,13. Each green and red "ghost" is a reflection of the highest highs and lowest lows of a given FIB lookback. The guide lines, red and green, are averages of the highs (green) and the lows (red). USAGE The "ghosts" can be used as possible support and resistance levels. They diminish in intensity (they become more transparent) as these ghosts move back further in time. When multiple greens overlap it is an indicator of a lot of recent price action at that level. The same is true of overlapping red. In addition, the amount of ghosts above and/or below are indicative of recent price action taking place at a higher or a lower level CURRENT PRICE IS LOWER THAN RECENT PA - There will be many green ghosts above, but few or no red ghosts below. CURRENT PRICE IS HIGHER THAN RECENT PA- There will be many red ghosts below, but few or no green above TAKE PROFIT - Possible take profit targets could be on the approach to a previous green level STOP LOSS - Possible stop losses could be at lower red level Like Bollinger bands, the green and red "average" lines can help to indicate that a security is oversold or underbought according to how close it is to a recent average. Nearing the red line can indicate that the security is oversold - and the converse is also true. DERIVATIONS Within the code is additional greyed-out lines which could be activated allowing you to target the open or close, instead of the High-Low - the current settings SETTINGS: You can change the FIB levels and substitute your own integer sequence to use as the lookback. Feel free to offer feedback and/or suggest features you would like to have added.
Penunjuk Pine Script®
oleh cryptofilio
Supertrend StrategyThis Supertrend strategy will allow you to enter a long or short from a supertrend trend change. Both ATR period and ATR multiplier are adjustable. If you check off "Change ATR Calculation Method" it will base the calculation off the sma and give you slightly different results, which may work better depending on the asset. Be sure to enter slippage and commission into the properties to give you realistic results. I've also built in backtesting date ranges and the ability to trade only within certain times of day and have it close all trades at the end of that time frame. This is especially useful for day trading stocks. If you check off "Enter First Trade ASAP" then when using the time frame option it will enter the current trade. If however you uncheck that box and instead check off "Wait To Enter First Trade" it will wait for the trend to change and then enter. You can also specify a % based take profit and stop loss. In most cases the stop loss is not needed because of the atr based stop that supertrend provides so you could check only take profit and see if it works best to take profit or to let supertrend trend change get you out. Also keep in mind that if you have "Enter First Trade ASAP" checked off and use the stop loss and/or take profit then it will re-enter the current trend again. Finally there's custom alert fields so you can send custom alert messages for strategy entry and exit for use with automated trading services. Simply enter your messages in the fields within the strategy properties and then put {{strategy.order.alert_message}} in your alert message body and it will dynamically pull in the appropriate message.
Strategi Pine Script®
oleh REV0LUTI0N
6