[-_-] Volatility Calibrated ATRDescription:
An indicator based on ATR adjusted for volatility of the market. It uses Heikin Ashi data to find short and long opportunities and displays a dynamic stop loss level. Additionally, it has alerts for when the trend changes (which is an entry signal).
How it works:
It works by dynamically calculating the Period for ATR which depends on current volatility level that is calculated by a function that uses Standard Deviation of price. ATR is then smoothed by Weighted Moving Average and multiplied by ATR Factor, resulting in a plot that changes its colour to red when we're in a downtrend and green when in an uptrend. This plot should be used as a dynamic Stop Loss level. Trend change is determined by price crossing the dynamic Stop Loss level. The squared red and green labels appear when the trend changes, and should be used as Entry signals.
Parameters:
- Source -> data used for calculations
- ATR Factor -> higher values produce less noise and longer trends, lower values give more signals
Cari dalam skrip untuk "stop loss"
Trading BehnamI've read around here various definitions for engulfs along the lines of "an engulf consumes all orders at a level to allow price to easily pass through it." . That doesn't make much sense to me, if the guys with billions of dollars want to break a level, they will break it and price will run off very often. We've seen it time and time again, they don't need to engulf levels to give us a nice opportunity to get into the trade with them, if they want to blast through a level, they will do so and price will run off. If they want an opportunity to accumulate more orders before price runs away, then it doesn't make sense to engulf the level, better to let price bounce from that level and then fill more orders, if the level breaks then they have to deliberately stop the market running away and move it back to the pre-engulf area as the market momentum would naturally make it run off after an engulf. Other ideas about it being a secret signal between the institutions don't make sense to me either. To be honest, I think any secret signals between competing institutions come in the form of them in a heavily encrypted chatroom telling each other what to do. This collusion has been reported on previously as traders align their activities at important moments.
So I think we can all agree something along the lines of:
Fakeout:
Fakeout is an engulf of an obvious swing high/low in order to stop out traders and induce breakout traders to trade in the wrong direction, thus generating liquidity for the move in the opposite direction.
What's not so clear is the definition of the engulf, I'd like to try to give some ideas on the purpose of the engulf and it's definition and see what others think.
Engulf:
An engulf is the consumption of orders at an important level, not necessarily a swing/high low but an area where we expect to see supply or demand. Taking out of the orders tells us that the supply or demand which was or should have been present is now not present and tells us the intent direction of the market. If price runs off as is often the case, this is not tradeable and is effectively just a "breakout", although breakouts are usually considered to be breaks of swing high and lows which are obvious to the average trader. For an engulf to be tradeable there must be a retrace following the engulf back in the original direction. This adds confusion as it initially resembles a fakeout. So the question is, why does price retrace after the engulf? If an engulf to the short side is a genuine engulf and not a fakeout to generate long liquidity, why does it not travel immediately south if market momentum is ultimately south.
A small pocket of demand beneath the engulfed level may make it retrace north as price moves between areas of liquidity, this pocket of demand may give price enough momentum to make it back up to the supply which broke the demand level if key market participants do not favour an immediate market drop.
Alternatively key market participants may step in and drive the market back upwards.
Price moving north back to supply after the engulf may occur or be favourable for various reasons:
1) We often talk about FO generating liquidity because of breakout trading, but an engulf can also generate liquidity from breakout traders. Short breakout traders would place their stop losses a small distance above the engulf (breakout). If key players absorb this selling or allow a demand level to push price back up, they can run price back up to supply taking out the stops of the breakout short traders and make quick profit and/or generate more liquidity for their own shorts.
2) To confuse traders, the ITs don't want the puzzle that is Forex to be easy to solve, if price never retraced after an engulf then engulfs of all levels would be FOs. Price would either break and immediately runoff or it would turn and runoff in the other direction. In order to keep people confused about whether price is faking out or breaking out, sometimes price should whipsaw by breaking out, briefly faking out and then continuing in the direction of the breakout. This whipsaw pattern is to us a tradeable engulf.
3) Market momentum may be mixed, key players are indecisive or inactive or the market is behaving erratically.
4) As previously mentioned there may be a small pocket of supply/demand just past the engulf which is causing a reaction. This could also be viewed as a FO on a different timeframe. If the market engulfs an H1 demand level, then retraces for 30 mins upwards to supply, this engulf would be a valid and very profitable FO for an M1 trader looking to get long.
Position Sizing CalculatorThis script calculates the position size base on the stop loss price, entry price, and the percent of equity willing to risk.
Formula:
(Asset Quantity) = (Amount Risk at Trade) / (Price Difference Between Entry Price and Stop Loss)
or
Position size = (% Equity at Risk) * (Equity) / (Entry Price - Stop Loss Price)
Generalized Bollinger Bands (Tartigradia)Bollinger Band is simply a representation of the rolling average of price and its standard deviation around the average (called the "basis").
This indicator generalizes the Bollinger Band by implementing many different equations to calculate the Bollinger Bands beyond the standard deviation and sma.
Whereas other Bollinger Bands indicators often just change the basis but not the stdev calculation, the correct way to change the basis is to also change it inside the stdev calculation.
Advanced features such as temporal discounting (ie, newer bars can have more weights), median absolute deviation and multiple sigma bands (eg, 3-sigma) are available.
Up to 3 different Bollinger Bands can be displayed, and the background can be highlighted when price is overbought/oversold (beyond the Bollinger Band of choice).
Tip: BB3, which is the bollinger band with standard deviation of 3, which represents 99% of observed values in the lookback period, is a good choice to highlight overbought/oversold conditions.
Usage:
Use it as usual Bollinger Bands, as a measure of volatility, and to setup stop losses.
Use the bandwidth as a measure of volatility: higher is more volatile, lower is less.
When overbought, it can be a good time to sell/short. Use a higher Bollinger Band Multiplier such as 3 or more to reduce false positives.
When oversold, it can be a good time to buy/long. Use a higher Bollinger Band Multiplier such as 3 or more to reduce false positives.
Consider setting a much tighter lookback period of 4 as recommended in backtested works (en.wikipedia.org), use zlma instead of sma, and finally set a higher timeframe for the Bollinger Bands than the one you are currently studying. Then, the Bollinger Bands can help in detecting overbought and oversold regions (price going "out of bands").
Note that I tried to automate the setting of a higher timeframe, but for some reason the output is different when I manually do it using request.security() than when it's in indicator(timeframe=""). If someone has any suggestion as to why it happens, please let me know! (You can try it for yourself by uncommenting the auto_timeframe parameter line).
If you want to plot the indicator in a separate pane, and to also plot %B and bandwidth, I made another indicator "Generalized Bollinger Bands %B and Bandwidth by Tartigradia" that does that.
AJ's Position Size Calculator for Forex and StocksThis position size/ stop loss and take profit calculator is designed to make entering positions more efficient. In the settings enter your account size and currency. Stop loss and profit levels can be calculated from the ATR or manually. To manually choose stop and profit price, choose manual from the SL or TP Value Type, then enter your price in the boxes below. Lot size or shares will be calculated and displayed on the table to the right of the chart. Position size calculation takes into account any currency exchange rates between your account currency and the quoted currency of the selected ticker. For forex lot sizes the exchange rate for the quoted currency relative to account currency is also built in to get an accurate position size. Enter your brokers leverage and your used margin will be displayed as well. The position size calculator is currently only configured for stocks and forex, I will try to add updates, in the future to other tickers like crypto , precious metals and crude oil CFD's. profit target and stop loss calculator should work for all symbols. I can't guarantee that the output of this calculator is correct. Use at your own risk!
Equities Risk Tool [vnhilton]To quickly apply this indicator onto the chart, open the source code in Pine Editor & click 'Add to chart'. Perhaps in the future, TradingView will add a feature where you can have favourited indicators on the favourites toolbar alongside the favourited drawing tools. 🤔
Traders will need to calculate how many shares are needed for their position, where if price goes against them towards their stop loss, then they'll lose the amount that they risked on that trade. The formula for this is: Amount willing to risk / Stop loss distance. Traders can carry out these calculations via a calculator, spreadsheet or a simple program with outputs generated from inputs. These 3 methods have 1 thing in common, & it's that you have to manually input the the values, which isn't very convenient, especially for traders trading in a fast paced environment, where milliseconds matter. This indicator is similar to TradingView's Long & Short Position tools, & removes this inconvenience by allowing you to only click to submit your entry & stop out levels, without having to type a single thing (the only thing that would require typing is your account equity in the settings).
This indicator will display lines on the chart showing the entry, stop-out & several profit target levels. The entry & stop-out levels can be moved in any direction as desired, & the profit target levels following suit. You're able to adjust the different profit factors if you're aiming for different reward targets (e.g. You want a 1:2 RR trade, so the profit factor here will be 2 - 2 times the distance between the entry level & stop out level).
A table will also be displayed showing the direction of the position, alongside the shares required for several account risks which is useful if trading different quality setups from A-D for example. The calculated shares displayed are also shown in proportions as well. Here, you're able to see 25%-50%-75%-100% of calculated shares, which may be useful when scaling in/out of trades. All mentioned features are customisable.
Calculated shares for long & short positions can be rounded down to any decimal places. This can be useful if you intend to trade e.g. in batches of 100, then you would use a round down factor of -2.
High/Low Historical Volatility Bands [Loxx]High/Low Historical Volatility Bands are constructed using:
Average as the middle line.
Upper and lower bands using the Historical Volatility high/low (instead of "regular" Historical Volatility) for bands calculation.
What is Historical Volatility?
Historical Volatility (HV) is a statistical measure of the dispersion of returns for a given security or market index over a given period of time. Generally, this measure is calculated by determining the average deviation from the average price of a financial instrument in the given time period. Using standard deviation is the most common, but not the only, way to calculate Historical Volatility .
The higher the Historical Volatility value, the riskier the security. However, that is not necessarily a bad result as risk works both ways - bullish and bearish , i.e: Historical Volatility is not a directional indicator and should not be used as other directional indicators are used. Use to to determine the rising and falling price change volatility .
SH is stock's High price in t day.
SL is stock's Low price in t day.
High/Low Return (xt^HL) is calculated as the natural logarithm of the ratio of a stock's High price to stock's Low price.
Return:
And Parkinson's number: 1 / (4 * math.log(2)) * 252 / n * Σ (n, t =1) {math.log(Ht/Lt)^2}
An important use of the Parkinson's number is the assessment of the distribution prices during the day as well as a better understanding of the market dynamics. Comparing the Parkinson's number and periodically sampled volatility helps traders understand the tendency towards mean reversion in the market as well as the distribution of stop-losses.
The color of the middle line, unlike the bands colors, has 3 colors. When colors of the bands are the same, then the middle line has the same color, otherwise it's white.
Included
Alerts
Signals
Loxx's Expanded Source Types
Bar coloring
Related indicators:
Parkinson's Historical Volatility Bands
Historical Volatility Bands
Parkinson's Historical Volatility Bands [Loxx]Parkinson's Historical Volatility Bands are constructed using:
Average as the middle line.
Upper and lower bands using the Parkinson's historical volatility (instead of "regular" Historical Volatility) for bands calculation.
What is Parkinson's Historical Volatility?
The Parkinson's number, or High Low Range Volatility developed by the physicist, Michael Parkinson in 1980, aims to estimate the Volatility of returns for a random walk using the High and Low in any particular period. IVolatility.com calculates daily Parkinson values. Prices are observed on a fixed time interval: n = 10, 20, 30, 60, 90, 120, 150, 180 days.
SH is stock's High price in t day.
SL is stock's Low price in t day.
High/Low Return (xt^HL) is calculated as the natural logarithm of the ratio of a stock's High price to stock's Low price.
Return:
And Parkinson's number: 1 / (4 * math.log(2)) * 252 / n * Σ (n, t =1) {math.log(Ht/Lt)^2}
An important use of the Parkinson's number is the assessment of the distribution prices during the day as well as a better understanding of the market dynamics. Comparing the Parkinson's number and periodically sampled volatility helps traders understand the tendency towards mean reversion in the market as well as the distribution of stop-losses.
The color of the middle line, unlike the bands colors, has 3 colors. When colors of the bands are the same, then the middle line has the same color, otherwise it's white.
Included
Alerts
Signals
Loxx's Expanded Source Types
Bar coloring
Impactful pattern and candles pattern AlertThe Alertion indicator!
impactful pattern:
pattern that happen near the zone or in the zone at lower timeframe and give us entry and stop limit price.
It is helpful for price action traders and those who want to decrease their risk.
There are 3 IP patterns:
Quasimodo
Head and shoulder
whipsaw engulfing
These patterns may occur near the zone or may not occur but by them, you can decrease your trading risk for example you can
trade with half lot before IP pattern and enter with other half after pattern.
how to use?
for example:
you find zone at 1h timeframe for short position
when price enter to your zone
you run this indicator and choose your lower timeframe, for example 15m and click on short position.
Then make the alert by right-click on your chart and choose the add alert and at condition box choose the impactful pattern and then click on create
now wait for message :)
Candles pattern:
like reversal bar, key reversal bar, exhaustion bar, pin bar, two-bar reversal, tree-bar reversal, inside bar, outside bar
these occur when the trend turn, so it is usable when the price enter to your zone or near your zone.
This pattern can decrease your risk.
Inside bar and outside bar:
if this pattern engulf up, it is bullish pattern and if engulf down, it is bearish pattern.
what does this indicator do?
this indicator is for making alert
it helps you to decrease your risk and failure.
You optimize it to alert you when IP pattern happen or candle pattern happen or inside bar or outside bar engulfing or all of them.
For IP pattern, it will message you entry and stop limit price.
It works at 2 different timeframes, so you can make alert for example in 1h TF for candles pattern and 15m TF for IP pattern.
Indicator will alert you for candles pattern at your chart timeframe and for IP pattern at timeframe you've chosen when you run the indicator, and it is changeable
in setting.
setting options
TIMEFRAME
IP: select the timeframe for IP patterns it means when IP pattern happen at that timeframe the indicator will alert you
example = your TF is 1h, you found the supply zone and want to trade, note that IP pattern happen in lower TF, so you select 15m TF or TF lower than 1h.
Short position: select it if you want to make short position.
BUFFERING
indicator send you entry and stop limit price
you can change it by amount of percent
it is your strategy to change your entry and stop loss or not
example= in head and shoulder pattern at short position, the stop limit is high price of head in pattern
so the indicator will message you the exact price but if you want to put
your stop limit 5 percent upper than exact price you can enter 5 in front of stop loss
or you want to enter 5 percent lower than exact high price of shoulder, you can optimize it.
ALERTION
you choose what alert you want
IP alert or candle alert or inside and outside bar alert
type your text for alert
you can write additional text for your message
ADVANCE
IP alert frequency option:
1. Once per bar : indicator will alert you for IP pattern once at your chat timeframe bar, and you should wait til next bar for next alert.
2. Once per bar close : alert you when your chart timeframe bar closed and next alert will happen when next bar is closed.
3. All: alert you all the times IP pattern happen
pivot left and right bars: lower will find smaller pattern
at the END:
this indicator is not strategy
it is part of your strategy that help you to increase your winning rate.
It is helpful for scalping and candle patterns finding.
After you make an alert, you can delete the indicator or change your timeframe or make another alert, your previous alert won’t change.
Thank you all.
Parabolic SAR with the ADX overlayThe following indicator and chart pattern is based on a twist from Welles Wilder's parabolic stop and reverse . This is a trend following system which is essentially a dynamic trailing stop loss for longs and shorts. The system is often criticized for it's poor performance in choppy rangebound markets so people often combine it with other signals that attempt to identify a "trend" the ADX is a popular indicator with three indicators, the DI+ "Positive Directional Indicator" the DI- "Negative Directional Indicator" and then a combination of the two, the ADX "Average Directional Indicator". Generally speaking, if the DI+ is above the DI- and the ADX is greater than 25 then we are in a positive trending market. If the DI+ is less than the DI- and the ADX is greater than 25 then we are in a negative trending market. If the ADX is less than 25 then there is no trend in place and we are in a range bound "choppy market".
So, I created this chart to show when the ADX is > 25 (or you can enter your own number) and the DI+ is > DI- then the background will be green. Vice versa, when the ADX is >25 and the DI+ is < DI- then we are in a negative trending market and the background color will be red. If the ADX is < 25 (or whatever you choose) then we are in a choppy 'range-bound" market.
Regarding the ParSAR. Pay attention to the "+" marks. they indicate whether we are bullish or bearish. When we cross through a + then we revert to the opposite. "Stop And Reverse". They are a simple calculation of a starting percentage, an incremental increase in that percentage, and a max percentage increase. If you want your system to trade less, decrease the "maximum" If you want it to trade more, increase the maximum.
Tinker around with these and you might find a healthy strategy you can trade on.
If you add Take Profit Targets and Stop Loss Targets, this is an even more productive strategy. Try it out on BINANCE:ETHUSDT with a 2hr time horizon and 0.02, 0.023, 0.2.
Cipher Twister - Long and ShortINTRO / NOTES:
This script is based on Market Cipher B Oscillator by Falcon
The difference in this script is that only the useful points are printed on the indicator, namely Long and Short Trade Execution signals to be used by a bot, namely the PT Bot.
The script also differs from the original that it has been upgraded to Pinescript v4
This oscillator can be used with ALL time frames, but generally works the best on 15 minute and 1 hour charts on ANY market, no matter, stock, forex, crypto, spot, futures, derivatives, Nasdaq etc...
DEFINITIONS:
This oscillator forms the foundation of Buy and Exit of Long and Short Trades.
There are 2 'Red' Lines at the top of the channel and 2 Green Lines at the bottom of the channel.
These two channels are set at default to be +53 / -53 and +60 / -60 respectively. These two lines will serve as the threshold point if one is to make cautious trades only.
There is a center line which divides the Oscillator into two parts. Above the center line, the market is in over bought territory and Below the center line is in over sold territory.
'Red' dots are drawn by the indicator to represent a potential Short (or a signal to exit from a Long position)
'Green' dots are drawn by the indicator to represent a potential Long (or a signal to exit from a Short position)
The 'Red' and 'Green' dots are draw when a Cross between both wt1 & wt2 cross, thus providing a fantastic indication of potential trend reversal and entry/exit of a position.
STRATEGY NOTES:
The strategy to use this indicator with for realistic and proper results would be to use it with an automated Trading Bot such as Profit Trailer (PT-BOT)
You could use this strategy manually, however it would mean you would need to sit in front of the screen all day and night long and activate the trades immediately after the 'red'/'green' dots are drawn. Usually this will result in non-optimal entries and exits as well as loss on various instances when a 'red' and 'green' dot are printed close together (which is usually when the market goes into correction/consolidation) and slow entries/exits will result in a loss rather than a small profit or exit at BE (Break Even)
ACTUAL STRATEGY (For use with automated bot)
To be used in conjunction with Heikin Ashi Candles for added cautionary measures
For LONGs ONLY
--------------------
1/ When 'Green' dot is drawn, ACTIVATE Long Position
(Use 1.5% Risk Management for each trade)
(Use Lot size based on 1.5% risk management and xLeverage (if any))
2/ Make sure bot Opens an SL (Stop Loss) value based on 1.5% Risk Management
3/ When 'Red' dot is drawn, CLOSE Long Position.
*If you want to add extra caution to your trade, only activate the trade if the 'Green' dot is BELOW the 'Green' Markers
*For added caution, use color coded Heikin Ashi candles to 'confirm' Activation and Closing of a trade in the bot configuration
---------------------------------------------------------------------------------------------------
For SHORTs ONLY
--------------------
1/ When 'Red' dot is drawn, ACTIVATE Short Position
(Use 1.5% Risk Management for each trade)
(Use Lot size based on 1.5% risk management and xLeverage (if any))
2/ Make sure bot Opens an SL (Stop Loss) value based on 1.5% Risk Management
3/ When 'Green' dot is drawn, CLOSE Short Position
*If you want to add extra caution to your trade, only activate the trade if the 'Red' dot is Above the Red Markers
*For added caution, use color coded Heikin Ashi candles to 'confirm' Activation and Closing of a trade in the bot configuration
---------------------------------------------------------------------------------------------------
Supplementary Notes:
Make sure that your bot configuration will only activate ONE TRADE when the 'Green'/'Red' dot appears.
Occasionally during high volatility , 'red'/'green' dots will appear intermittently before remaining drawn, thus the oscillator 'redraws' the dots during market movement.
There will be times where occasionally a 'green' dot or a 'red' dot will appear, the trade will be opened, but the trade will fail due to the market manipulation (algorithm/market maker bots/fake volume etc), to wipe out those trading on derivatives and futures markets using leverage. Do not worry about this, no bot can make 100% wins, no strategy will achieve 100% win ratio and one necessarily doesn't need a high win ratio when using strict money management practices with your trading for SL and lot size.
If you use this method, you will see great results, but again I must stress, using this method with a fully automated bot is the only way to achieve proper results.
PhinkTrade Risk Manager EssentialsHello there, fellow traders!
So, happy to bring you a new, free tool: my Risk Manager Essentials .
(To use it, click on "Add to favorite indicators" below, and then look for it in your charts’ "Indicators & Strategies" dialog window, inside "Favorites" tab.)
The main objective of this indicator is to help and incentivize as many traders as possible to adopt essential risk management practices .
First and foremost, it helps you define how much you can buy or sell, at your chosen price levels, in order to keep your risk always under control (in other words: in order to limit the amount you can potentially lose with a trade if your stop loss order is hit).
This is fundamental if you want to have a lasting and successful trading career: protect your capital, always . Because without it, you know: it’s game over.
Indicator also helps you visualize where minimum ideal target / take profit level is , given your risk, using the popular 3:1 Return/Risk ratio (R/R) .
3:1 R/R ratio is popular because with it you only need to “be right” (have price reach your targets) about 33% of the time, in order to be profitable : in other words, the fewer successful trades will pay you more than the sum of your unsuccessful ones will take from you.
So, make sure your strategy has a success rate greater than 33% and apply 3:1 R/R to your trades . This indicator will help you that, and with developing the necessary discipline . For example, by knowing where the ideal target should be, given your choices, you can assess the likelihood of it being reached in current price context. If that would look like a hard to happen scenario, it would probably be a good idea to avoid taking that particular trade.
Now, let’s see how it works:
When you deploy the indicator to the chart for the first time, you’ll be asked to define:
Your 1st entry price (interactively: you can define and adjust levels directly on the chart, thanks to the new Interactive Mode introduced by TradingView (ty, TV team!))
Your stop loss price (likewise)
Your 1st target price (likewise)
Your starting capital (via initial Input dialog)
Your risk (likewise)
Your risk is how much of your starting capital you are willing to lose if your stop loss is hit (define it as a % of your starting capital).
There’s a good practice here too: to risk only 1 percent of your capital per trade . This way, you can reinforce the odds of making more money than you lose and keep your peace of mind in all trades – and avoid messing up with your plans – and statistics – along the way.
Successful trading is a statistics-based endeavor. So, you want to implement and maintain consistency. Again, this indicator helps with that.
After initial setup:
You can also define additional entries and targets (up to 3 each) . Just open indicator’s Settings window and adjust accordingly.
If you have more than one entry – or target, the amounts involved will be split evenly between them. You can also enable the display of the Average Entry and Average Target labels , to see the equivalent, should you have taken (or take) a single order for each.
You can also define (via Settings, then interactively) a particular date and time for the trade . This way, labels will be presented near that moment, instead of constantly show near the latest bar.
Finally, you can personalize some other display settings: levels precision (number of decimal places), labels positions , and labels colors .
In conclusion:
You are very welcome to check it out – and adopt it on your daily use!
Please let me know your feedbacks as well. If you find any issues, or have any suggestions, I’ll be glad to hear. You can contact me here, via TradingView, or Telegram.
Finally, check the updates section below , as new stuff may show from time to time.
Thank you very much for your attention, and enjoy!
PhinkTrade
Ichimoku Buy/Sell Signals of manual MTF Tenkan crossing KijunIchimoku Buy/Sell Signals based on fast, small time frame Tenkans crossing longer timeframes Kijuns - Manual MTF Analysis
This code marks the potential change of direction based on the input of one timeframe's Ichimoku Tenkan (conversion) line crossing over a higher, longer timeframe's Ichimoku Kijun (base) line.
Feel free to change the inputs if need be and to hide the yellow box. Use Ichimoku rules of Tenkan, Kijun, Lagging Span, and Cloud for Take profit/Stop Losses. It is best to wait 3-5 minutes after the signal to enter to confirm the trend and to confirm if the Lagging Span has broken key levels. I refer to the book Trading with Ichimoku - A Practical Guide to Low-Risk Ichimoku Strategies by Karen Peloille as the Ichimoku rulebook. Good luck.
For day trading/scalping/intraday - 1min/3min/5min
Tenkan Line Timeframe = 1min
Kijun Line Timeframe = 5min
For swing trading - multiple days/weeks - 4HR/Daily/Weekly Charts
Tenkan Line Timeframe = day
Kijun Line Timeframe = week
Weekly Volume HeatmapThis tool is designed to visualize how the trading volume of each asset changes during the week.
How to use
This tool can help us better understand the market and answer many questions, such as:
◽ How to avoid getting stop hunted?
Typically, trading volume decreases at certain times of the week, which is the best time for large holders to manipulate the market. Low volume means there is less liquidity in the market. Large transactions in an illiquid market can cause large price changes.
Large holders (whales) have enough capital to push the price in the desired direction to trigger a cascade of stop-loss orders which can move the price further.
After a stop hunt, the market typically reverses, leaving stop hunted traders behind.
It is best to avoid using stop-loss orders and leveraged trading during these hours of the week.
◽ When’s the best time to make decisions
During some hours of the week the trading volume usually decreases; at these times, most traders are inactive and do not participate in transactions.
Therefore, the price changes that occur during these times lack conviction.
It is better to make decisions when there are more active traders in the market. At these periods, a relatively high trading volume is usually observed.
How it works
First, it calculates the average traded volume of each period (for example Monday 9:00 AM) from the first bar to the last bar. It then calculates the ratio of the average traded volume in each period to the average traded volume per week. Finally, the result is displayed as a percentage in each cell.
Different values are distinguished by different background colors. Light colors are used for low values and dark colors are used for high values.
Limits
It only works in the 1 hour time frame.
Samples
Stock => AAPL
Futures => ES1!
Forex => EURUSD
MA Bollinger Bands + RSI (Study)This study/indicator script is meant to allow users to set alerts based on my MA Bollinger Bands + RSI (Strategy).
Both Study and Strategy scripts reflect the exact same user inputs, parameters and trading signals.
6 different alerts available:
- MABB+RSI Long (or Short) Signal (all): activates for every single Long (or Short) signals
- MABB+RSI Long (or Short) Signal: activates when trade direction changes from Short to Long (or from Long to Short)
- MABB+RSI Long (or Short) Re-Entry Signal: after a stop loss was hit, activates upon same trade direction if new signal
(“Enable SL” & “Allow re-entry” must be switched on)
Chart legend:
- Red arrow = Short Signal
- Blue arrow = Long Signal
- Red square = Stop loss (when trade entry)
- Purple square = Stop loss (when hit)
NB1: Be sure to set both Study and Strategy script settings to the same values if you want to achieve similar results in both scripts.
NB2: When setting up your alerts, preferably use option “Once per bar close” to get proper confirmations.
Enjoy!
Supertrend - Ladder ATRThis is a supertrend with slight twisted concept which can be very benefecial in strong trending markets to reduce stop loss distance and exit slightly quicker.
⬜ Concept
▶ When the instrument is trending up, regular ATR shows high values if there are big green candles. This affect the stoploss distance in regular supertrend which leads to wide stops or delayed lagging. When you are in long trade, what matters for stoploss is how much a negative candle can move within bar. Hence, using ATR derived only based on red candles is more beneficial for trailing stops on long signals. Same applies to short trades where using ATR derived from only green candles is more efficient than overall ATR.
▶ ATR will be minimal when the volatility is less and ATR will increase with volatility. That means, once you are in trade, the trailing of stoploss also will vary based on ATR (or volatility). With regular ATR and supertrend, chances of stop loss distance widening is high with increased volatility even though stoploss levels will not move down. This again poses the risk of higher drawdown during trade closure and also keeps in the trade during ranging market. To avoid this, the second trick we are using here is only to reduce the atr stoploss difference when in trade. That is, when in long trade and negative candles ATR is increasing, we will not consider that. We will consider the new ATR only if it is lesser than previous bar ATR.
Effect of these changes on the trending market is quite visual. Lets take example of USDTRY
Settings are quite simple and does not vary much from regular supertrend settings.
Data Trader Stoch | RSI | MACD Strategy IndicatorImplementation of Data Trader's strategy, described in the youtube video, "Highly Profitable Stochastic + RSI + MACD Trading Strategy (Proven 100x)"
Also see Algovibes' video, "Highly Profitable Stochastic + RSI + MACD Trading Strategy? Testing Data Traders strategy in Python"
Note: Despite the claims, it generates barely, if any, signals, certainly in the crypto markets
If there are any mistakes, give feedback in the comments, and I'll fix
### Strategy Summary ###
# Long Signals #
Stoch K and D are oversold
RSI above midline
MACD above signal line
# Short Signals #
Stoch K and D are overbought
RSI below midline
MACD below signal line
# Stop loss and Take Profit #
Stop loss
Longs: below last swing low
Shorts: above last swing high
Take profit at 1.5x stop loss
Linear Regression Fan [LuxAlgo]This indicator displays a fan using a linear regression fit to the price as a base. All lines are equidistant and are drawn from the first point of the linear regression to the most recent point of the linear regression plus the root-mean-square deviation (RMSD) multiplied by a certain factor.
Settings
Length: Lookback period for the linear regression.
Mult: Multiplier for the RMSD, allows returning wider fans.
Lines Per Side: Number of lines on each side of the fan.
Src: Input source of the indicator.
Usage
Traders often use the lines of fans to determine significant points of support or resistance at which they might expect price variations to reverse.
The length can be adjusted so that the starting point of the linear regression is located at a pivot high/low.
Some technical analysts use the measure rule of broadening wedges with fans when price breaks one of the extremities. This allows setting precise take-profits/stop-losses.
To learn more about the measure rule see:
RSI 30 CROSSScript will give the RSI 30 40 and 70 level for present price of the stock , when the price cross the green line RSI value will be 70 , blue line RSI value will be 40 and red line RSI value will be 30 . Helps to put entry and exit based on RSI strategy.
RED line give price for RSI 30
BLUE line give price for RSI 40
GREEN line give price for RSI 70
BLACK line give SMA 200
Strategy
Stock price should above 200 MA
price should touch RSI 30 RED line and bounce back.
Entry will be the high of candle lies on RSI 40 BLUE line.
Stop loss will be the RSI 30 price(RED line ) during entry.
Target will be the RSI 70 price ( GREEEN line) during entry.
You can take half profit at RSI 70 and trail stop loss on RSI 70 till it cross.
This will help you to find the Price for stock, when it cross RSI value 30 , 40 and 70 to place entry exit and target based on the trade strategy will follow RSI.
If you want to entry, when stock cross RSI 30 or 40 from below . You can place a stop loss limit buy order at price range .
If you want to exit, When stock cross RSI 70 . you place stock loss at green line price.
Elder Impulse System + ATR BandsDisregard the above chart, I am not sure why it isn't showing the one I want, which is linked below:
This is as far as I can tell the closest representation to Dr. Alexander Elder's updated "Elder Impulse System" that has added ATR-volatility bands up to 3x deviations from price. I got the idea from watching this recent video (www.youtube.com) of Dr. Elder reviewing some recent trades and noticed he had updated his system from his original books. The Impulse System colour coding was inspired by AstralLoverFlow and LazyBear. ATR Bands are pre-programmed Keltner Channels with some modifications such as filing in the ATR Zones with user-selected colour bands and modifying the ATR value to better suit the volatility of the market being traded.
The script has several components, which I will detail below:
Exponential Moving Averages:
1) A 13-period EMA that is used as a staple in all of Dr. Elder's technical analysis. He uses this EMA as the basis for all of his indicators and why it is included here.
2) A 26-period EMA which can be used as a base-line of sorts to filter when to go long or when to go short. For instance, price over the 26-EMA, price is strong and the rally upwards is likely to continue, underneath it, price is weak and likely to continue downwards for a time.
Volatility Bands:
By definition these are nothing more than 3 separate Keltner Channels of a 13-period EMA each set to one additional multiplier from the moving average. This gives us a 1x, 2x, and 3x multiplier of average volatility from the 13-period EMA based on a 14-period Average True Range (ATR) reading. The ATR was chosen as it accommodates price gaps and also is the standard formula calculation in TradingView. The values of the bands cannot be adjusted but the colour coding of them can be.
Elder Impulse System:
These colour-coded bars show you the strength and direction of the current chart resolution, calculated by the slope of a 13-period EMA and the slope of a MACD histogram. These are used not as a buying or selling recommendation alone but as trend filters, as per Dr. Elder's own description of them.
Green Bars = The 13-period EMA is sloping positively and the MACD histogram is rising compared to previous bars. The trader should only consider buying/long opportunities when a green bar is most recent.
Red Bars = The 13-period EMA is sloping negatively and the MACD histogram is falling compared to previous bars. The trader should only consider selling/short opportunities when a red bar is most recent.
Blue Bars = The 13-period EMA and the MACD histogram are not aligned. One of the indicators is sloping opposite to the other indicator. These are known as indecision bars and are typically seen near the end of a previously established trend. The trader can choose to wait for either a green or red bar to shape their trading bias if they are more risk-averse while a counter-trend trader may decide to try opening a position against the currently-established trend.
How To Trade the System:
This system is unique in that it is so versatile and will fit the styles of many traders, be it trend following traders (generally the original Elder Impulse System design) or mean-reversion/counter-trend trading (the original Keltner Channel design). None of the examples below or in the chart above are financial advice and are just there for demonstration purposes only.
1) The most basic signal given would be the moving average cross up or down. A cross of the 13-EMA over the 26-EMA signals upward trend strength and the trader could look for buying opportunities. Conversely, the 13-EMA under the 26-EMA shows downward trend strength and the trader could look for selling opportunities.
2) Following the Elder Impulse system in conjunction with the EMAs. Look for long opportunities when a green bar is printed and price is over both of the 13- and 26-period EMAs. Look for short opportunities when a red bar is printed and price is below both of the 13- and 26-period EMAs. Keep in mind this does not necessarily need a moving average cross to be viable, a green or red bar over both EMAs is a valid signal in this system, usually. Examine price more closely for better entry signals when a blue bar is printed and price is either above or below both EMAs if you are a trend trader. This is how Dr. Elder originally intended the system to be used in conjunction with his famous Triple Screen Trading System. I am not going into detail here as it is a deep subject but I would suggest an interested trader to examine this Triple Screen System further as it is widely accepted as a strong strategy.
3) Mean Reversion and Counter-Trend Trading. Dr. Elder mentions that the zone between the two EMAs is called the Value Zone. A mean reversion trader could look for buying opportunities if price has generally been in an uptrend and falls back to value, conversely, they could look for shorting opportunities if price has generally been in a downtrend and rises back to value. These are your very basic pull backs found in trends that create your higher lows in an uptrend or your lower highs in a downtrend. A mean reversion/scalper trader may also look to use the upper and lower most ATR bands as an indication of price being overbought or oversold and could look to enter a counter-trend trade here once a blue indecision bar is printed and to ride that move back down to the Value Zone.
Taking Profits and Risk Management
This system again is very versatile and will fit a wide range of trading styles. It has built in take profit levels and risk management depending on your style of trading.
1a) In original Triple Screen Trading (and the original Elder Impulse system), a trader was to place a buy order one tick above a newly printed green bar with a stop loss one tick below the most recent 2-day low, and vice-versa for red bars on short selling. as long as other criteria were met, that I will not go into. It is all over YouTube and in his books and on Investopedia if you want more information. The general idea is to continue the trend in the direction if price is strong and you are bought into that move with a close stop, or if price falls back a little bit, you can get in at a better price. This would be a system typically better suited to a scalper.
1b) The updated risk management according to the above video is to place a stop loss at least 2ATR away from price. These bands already have calculated these values so a trader can place a stop one tick below the 2 or even 3ATR zones depending on their risk appetite. This is assuming you have already received a strong buy signal based on the system you follow. This would be a system typically better suited to a trend-trader.
2a) Taking profits if you are a trend trader has several possibilities. The first, as Dr. Elder suggests, is to place a price target 2ATR values away from your entry giving you approximately a 1:1 risk-reward ratio.
2b) The second possibility if the trade is successful is to ride the trend upwards until a blue bar is printed, suggesting indecision in the market. A modified version of this that could let a winning trade run longer is to wait for the price to close under the 13-EMA in fast markets, or close under the 26-EMA in slightly slower markets to maximize potential winnings.
2c) A scalper trader may wish to have a target at either the value zone if they are playing an extended buy/short back to the mean, or if they are being at the mean, to sell or cover when price extends back out to the 2x or 3x zone.
3) Trend traders can additionally use the ATR zones as a sort of safety guidelines for entering a trade. Anything within the 1ATR zone is typically a safer entry as the market is less volatile at this time. Entering when price has gone into the 2ATR zone is signaled as a strong momentum move and can signal a stronger move in the direction of the current closing bar. While not always the case, it is suggested by Dr. Elder to not enter trend trades at the 3ATR zone as this is where you will be likely looking for a counter-trend retracement back to value and a trader entering here in the direction of the trade has a higher chance of being stopped out or not getting in at the best possible price.
BB-Pivots-GANN-Levels-stockInshotHello everyone,
With help of open source WD gann codes, i combined this study with Bollinger band with entry & exit conditions.
For stock Selection you way chose fixed stock list .
These levels has been derived from daily WD GANN Astro Levels.
=== Rules ===
Long Entry Condition : Price must be above resistance line with Bollinger band blast will be the best entry . You may take the target with the help of this study.
Stop loss can be same candle low
Short Entry Condition : Price must be below support line with Bollinger band blast will be the best entry . You may take the target with the help of this study.
Stop loss can be same candle High
Please calculate the Risk Reward with the Future Target Price & Stop loss levels.
No Trading Zone Rules -
If price is in middle of support & Resistance .one way avoid such trades as it has been observed ,That most of the time stock goes sideways.
===Rules End ===
study has been kept open source for the understanding the concept.
Do your own Research with this study for better understanding with your trading style
TREX
TREX or TPA indicator by SOTTI
// The basic version and start of this indicator was set by my good friend Mr Shayan Karimi and we have room to learn from him and this text is here to make this happen.
//This indicator is taken from Master Saeed khakestar indicator
//Trigger price action -- True Range Exchange -- TPA - TRex
how to use this indicator:
this indicator for price action system and use full for student of master saeed khakestar
you can use tp1 for stop loss and tp3,7,15 for target you finde a flag limit on this area and set your tp or target
and use th or tr for price how much can be run and live use for price how much runned
TP1 = ATR time
PI.SL = TP1 + ENG.sl = pivot stop loss
ENG.sl = 0.25* TP1 = triger price actions stop loss
TP3 = 3*TP1
TP7 = 7*TP1
TP15 = 15*TP1
TH -> tavan harkati
TR -> True range average
LIVE -> live range candel
TP1 = توان حرکتی تایم که در ان هستیم
PI.SL = توان حرکتی تایم + میزانی که از نفوذ هار در امان باشیم
ENG.sl = یک چهارم ای تی ار تایم
TP3 =سه برابر تارگت اول
TP7 = هفت برابر تارگت اول
TP15 = پانزده برابر تارگت اول
TH -> توان حرکتی
TR -> میانگین توان حرکتی
LIVE -> میران حرکت کندل لایو
TH.long = گام بلند حرکتی
TH.small = گام کوتاه حرکتی
MultiAlert LITEAllows one to set 5 price level alerts on one symbol (1 Stop Loss 4 Targets)
Alerts work by prices crosses under the stop loss or over the targets, enabling short reverses this.
Unlike regular MultiAlert, this actually draws a true horizontal price at your price.
This is a lighter version of MultiAlert, supporting only one symbol. Your price levels will appear on all charts unless you hide the indicator.
Make the alert with targets and stop loss set, every time you make a change you MUST REMAKE THE ALERT.
Please comment any problems .
