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MTF SuperTrends Nexus [DarkWaveAlgo]🧾 Description: A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements. The MTF SuperTrends Nexus indicator serves as a nexus between MTF SuperTrends by facilitating the visualization of up to eight multi-timeframe SuperTrends, each with its own customizable timeframe, period, factor, and coloring customization. By combining these various SuperTrends, it helps you create a comprehensive view of MTF trend dynamics and cross-timeframe confluence according to the SuperTrend indicator. It acts as a utility/control center that brings together multiple MTF SuperTrends and allows you to visualize the interactions between them with exceptional ease-of-use and customizability, helping to provide you with valuable insights into potential trend reversals, momentum shifts, and trading opportunities. 💡 Originality and Usefulness: While there are other multi-timeframe SuperTrend indicators available, MTF SuperTrends Nexus' semi-transparent fills create a compounding opaqueness when SuperTrends from multiple timeframes coalesce - making visual assessment of cross-timeframe confluence extremely easy. We also believe it stands above the rest with its sheer quantity and quality of settings, features, and usability. ✔️ Re-Published to Avoid Misleading Values This script has been re-published to ensure that it does not use `request.security()` calls using lookahead_on to access future data when referencing SuperTrend calculations from other timeframes. This decreases the likelihood that the indicator will provide deceiving values. This change has been made in accordance with the PineScript documentation: "Using barmerge.lookahead_on at timeframes higher than the chart's without offsetting the `expression` argument like in `close [ ]` will introduce future leak in scripts, as the function will then return the `close` price before it is actually known in the current context" and the Publishing Rule: "Do not use `request.security()` calls using lookahead to access future data". Historical and real-time values may differ when referencing timeframes other than the chart's. 💠 Features: 8 toggleable MTF SuperTrends with customizable timeframes, periods, and factors Compounding filled areas for easy MTF SuperTrend confluence analysis Aesthetic and flexible coloring and color theme styling options End-of chart labels and options for ease-of-use and legibility ⚙️ Settings: Use a Color Theme: When this setting is enabled, all manual 'Bullish and Bearish Colors' are overridden. All plots will use the colors from your selected Color Theme - excepting those plots set to use the 'Single Color' coloring method. Color Theme: When 'Use a Color Theme' is enabled, this setting allows you to select the color theme you wish to use. Fill SuperTrend Areas: When enabled, the area between any MTF SuperTrend and the price bars will be filled with semi-transparent coloring. Hide SuperTrends on Timeframes Lower Than the Chart: When this setting is enabled, any MTF SuperTrend with a timeframe smaller than that of the chart the indicator is applied to will be hidden from view. Enable: Show/hide a specific MTF SuperTrend. Timeframe: Set the timeframe for a specific MTF SuperTrend. Period: Set the lookback period for a specific MTF SuperTrend. Factor: Set the multiplier factor used for a specific MTF SuperTrend's calculation. Bullish Color: When 'Use a Color Theme' is disabled, this will set the 'bullish color' for this specific MTF SuperTrend. Bearish Color: When 'Use a Color Theme' is disabled, this will set the 'bearish color' for this specific MTF SuperTrend. Enable Label: When enabled, a label will show at the end of the chart displaying the timeframe, period, factor, and current price value of this specific MTF SuperTrend. Size: Sets the font size of this specific MTF SuperTrend's label. Label Offset (in Bars): Sets the distance from the latest bar, in bars, at which this specific MTF SuperTrend's label is displayed. Show Label Line: When enabled, this specific MTF SuperTrend's label will be accommodated by a dashed line connecting it to its plot. 📈 Chart: The chart shown in this original publication displays the 5 minute chart on BTCUSDT. Displayed on the chart are 6 MTF SuperTrends: the 5m 50-period/3-factor SuperTrend, 15m 50-period/3-factor SuperTrend, 30m 50-period/3-factor SuperTrend, 1h 50-period/3-factor SuperTrend, 4h 50-period/3-factor SuperTrend, and the 1D 25-period/1.5-factor SuperTrend - offering an exemplary view of how you can easily use these MTF SuperTrends to your advantage in analyzing SuperTrend relationships across multiple timeframes.
Penunjuk Pine Script®
oleh DarkWaveAlgo
7
Machine Learning: SuperTrend Strategy TP/SL [YinYangAlgorithms]The SuperTrend is a very useful Indicator to display when trends have shifted based on the Average True Range (ATR). Its underlying ideology is to calculate the ATR using a fixed length and then multiply it by a factor to calculate the SuperTrend +/-. When the close crosses the SuperTrend it changes direction. This Strategy features the Traditional SuperTrend Calculations with Machine Learning (ML) and Take Profit / Stop Loss applied to it. Using ML on the SuperTrend allows for the ability to sort data from previous SuperTrend calculations. We can filter the data so only previous SuperTrends that follow the same direction and are within the distance bounds of our k-Nearest Neighbour (KNN) will be added and then averaged. This average can either be achieved using a Mean or with an Exponential calculation which puts added weight on the initial source. Take Profits and Stop Losses are then added to the ML SuperTrend so it may capitalize on Momentum changes meanwhile remaining in the Trend during consolidation. By applying Machine Learning logic and adding a Take Profit and Stop Loss to the Traditional SuperTrend, we may enhance its underlying calculations with potential to withhold the trend better. The main purpose of this Strategy is to minimize losses and false trend changes while maximizing gains. This may be achieved by quick reversals of trends where strategic small losses are taken before a large trend occurs with hopes of potentially occurring large gain. Due to this logic, the Win/Loss ratio of this Strategy may be quite poor as it may take many small marginal losses where there is consolidation. However, it may also take large gains and capitalize on strong momentum movements. Tutorial: In this example above, we can get an idea of what the default settings may achieve when there is momentum. It focuses on attempting to hit the Trailing Take Profit which moves in accord with the SuperTrend just with a multiplier added. When momentum occurs it helps push the SuperTrend within it, which on its own may act as a smaller Trailing Take Profit of its own accord. We’ve highlighted some key points from the last example to better emphasize how it works. As you can see, the White Circle is where profit was taken from the ML SuperTrend simply from it attempting to switch to a Bullish (Buy) Trend. However, that was rejected almost immediately and we went back to our Bearish (Sell) Trend that ended up resulting in our Take Profit being hit (Yellow Circle). This Strategy aims to not only capitalize on the small profits from SuperTrend to SuperTrend but to also capitalize when the Momentum is so strong that the price moves X% away from the SuperTrend and is able to hit the Take Profit location. This Take Profit addition to this Strategy is crucial as momentum may change state shortly after such drastic price movements; and if we were to simply wait for it to come back to the SuperTrend, we may lose out on lots of potential profit. If you refer to the Yellow Circle in this example, you’ll notice what was talked about in the Summary/Overview above. During periods of consolidation when there is little momentum and price movement and we don’t have any Stop Loss activated, you may see ‘Signal Flashing’. Signal Flashing is when there are Buy and Sell signals that keep switching back and forth. During this time you may be taking small losses. This is a normal part of this Strategy. When a signal has finally been confirmed by Momentum, is when this Strategy shines and may produce the profit you desire. You may be wondering, what causes these jagged like patterns in the SuperTrend? It's due to the ML logic, and it may be a little confusing, but essentially what is happening is the Fast Moving SuperTrend and the Slow Moving SuperTrend are creating KNN Min and Max distances that are extreme due to (usually) parabolic movement. This causes fewer values to be added to and averaged within the ML and causes less smooth and more exponential drastic movements. This is completely normal, and one of the perks of using k-Nearest Neighbor for ML calculations. If you don’t know, the Min and Max Distance allowed is derived from the most recent(0 index of data array) to KNN Length. So only SuperTrend values that exhibit distances within these Min/Max will be allowed into the average. Since the KNN ML logic can cause these exponential movements in the SuperTrend, they likewise affect its Take Profit. The Take Profit may benefit from this movement like displayed in the example above which helped it claim profit before then exhibiting upwards movement. By default our Stop Loss Multiplier is kept quite low at 0.0000025. Keeping it low may help to reduce some Signal Flashing while not taking extra losses more so than not using it at all. However, if we increase it even more to say 0.005 like is shown in the example above. It can really help the trend keep momentum. Please note, although previous results don’t imply future results, at 0.0000025 Stop Loss we are currently exhibiting 69.27% profit while at 0.005 Stop Loss we are exhibiting 33.54% profit. This just goes to show that although there may be less Signal Flashing, it may not result in more profit. We will conclude our Tutorial here. Hopefully this has given you some insight as to how Machine Learning, combined with Trailing Take Profit and Stop Loss may have positive effects on the SuperTrend when turned into a Strategy. Settings: SuperTrend: ATR Length: ATR Length used to create the Original Supertrend. Factor: Multiplier used to create the Original Supertrend. Stop Loss Multiplier: 0 = Don't use Stop Loss. Stop loss can be useful for helping to prevent false signals but also may result in more loss when hit and less profit when switching trends. Take Profit Multiplier: Take Profits can be useful within the Supertrend Strategy to stop the price reverting all the way to the Stop Loss once it's been profitable. Machine Learning: Only Factor Same Trend Direction: Very useful for ensuring that data used in KNN is not manipulated by different SuperTrend Directional data. Please note, it doesn't affect KNN Exponential. Rationalized Source Type: Should we Rationalize only a specific source, All or None? Machine Learning Type: Are we using a Simple ML Average, KNN Mean Average, KNN Exponential Average or None? Machine Learning Smoothing Type: How should we smooth our Fast and Slow ML Datas to be used in our KNN Distance calculation? SMA, EMA or VWMA? KNN Distance Type: We need to check if distance is within the KNN Min/Max distance, which distance checks are we using. Machine Learning Length: How far back is our Machine Learning going to keep data for. k-Nearest Neighbour (KNN) Length: How many k-Nearest Neighbours will we account for? Fast ML Data Length: What is our Fast ML Length?? This is used with our Slow Length to create our KNN Distance. Slow ML Data Length: What is our Slow ML Length?? This is used with our Fast Length to create our KNN Distance. If you have any questions, comments, ideas or concerns please don't hesitate to contact us. HAPPY TRADING!
Strategi Pine Script®
oleh YinYangAlgorithms
11
Double Vegas SuperTrend Enhanced - Strategy [presentTrading] █ Introduction and How It Is Different The "Double Vegas SuperTrend Enhanced" strategy is a sophisticated trading system that combines two Vegas SuperTrend Enhanced. Very Powerful! Let's celebrate the joy of Children's Day on June 1st! Enjoyyy! BTCUSD LS performance The strategy aims to pinpoint market trends with greater accuracy and generate trades that align with the overall market direction. This approach differentiates itself by integrating volatility adjustments and leveraging the Vegas Channel's width to refine the SuperTrend calculations, resulting in a dynamic and responsive trading system. Additionally, the strategy incorporates customizable take-profit and stop-loss levels, providing traders with a robust framework for risk management. -> check Vegas SuperTrend Enhanced - Strategy █ Strategy, How It Works: Detailed Explanation 🔶 Vegas Channel and SuperTrend Calculations The strategy initiates by calculating the Vegas Channel, which is derived from a simple moving average (SMA) and the standard deviation (STD) of the closing prices over a specified window length. This channel helps in measuring market volatility and forms the basis for adjusting the SuperTrend indicator. Vegas Channel Calculation: - vegasMovingAverage = SMA(close, vegasWindow) - vegasChannelStdDev = STD(close, vegasWindow) - vegasChannelUpper = vegasMovingAverage + vegasChannelStdDev - vegasChannelLower = vegasMovingAverage - vegasChannelStdDev SuperTrend Multiplier Adjustment: - channelVolatilityWidth = vegasChannelUpper - vegasChannelLower - adjustedMultiplier = superTrendMultiplierBase + volatilityAdjustmentFactor * (channelVolatilityWidth / vegasMovingAverage) The adjusted multiplier enhances the SuperTrend's sensitivity to market volatility, making it more adaptable to changing market conditions. BTCUSD Local picture. 🔶 Average True Range (ATR) and SuperTrend Values The ATR is computed over a specified period to measure market volatility. Using the ATR and the adjusted multiplier, the SuperTrend upper and lower levels are determined. ATR Calculation: - averageTrueRange = ATR(atrPeriod) **SuperTrend Calculation:** - superTrendUpper = hlc3 - (adjustedMultiplier * averageTrueRange) - superTrendLower = hlc3 + (adjustedMultiplier * averageTrueRange) The SuperTrend levels are continuously updated based on the previous values and the current market trend direction. The market trend is determined by comparing the closing prices with the SuperTrend levels. Trend Direction: - If close > superTrendLowerPrev, then marketTrend = 1 (bullish) - If close < superTrendUpperPrev, then marketTrend = -1 (bearish) 🔶 Trade Entry and Exit Conditions The strategy generates trade signals based on the alignment of both SuperTrends. Trades are executed only when both SuperTrends indicate the same market direction. Entry Conditions: - Long Position: Both SuperTrends must signal a bullish trend. - Short Position: Both SuperTrends must signal a bearish trend. Exit Conditions: - Positions are exited if either SuperTrend reverses its trend direction. - Additional conditions include holding periods and configurable take-profit and stop-loss levels. █ Trade Direction The strategy allows traders to specify the desired trade direction through a customizable input setting. Options include: - Long: Only enter long positions. - Short: Only enter short positions. - Both: Enter both long and short positions based on the market conditions. █ Usage To utilize the "Double Vegas SuperTrend Enhanced" strategy, traders need to configure the input settings according to their trading preferences and market conditions. The strategy includes parameters for ATR periods, Vegas Channel window lengths, SuperTrend multipliers, volatility adjustment factors, and risk management settings such as hold days, take-profit, and stop-loss percentages. █ Default Settings The strategy comes with default settings that can be adjusted to fit individual trading styles: - trade Direction: Both (allows trading in both long and short directions for maximum flexibility). - ATR Periods: 10 for SuperTrend 1 and 5 for SuperTrend 2 (shorter ATR period results in more sensitivity to recent price movements). - Vegas Window Lengths: 100 for SuperTrend 1 and 200 for SuperTrend 2 (longer window length results in smoother moving averages and less sensitivity to short-term volatility). - SuperTrend Multipliers: 5 for SuperTrend 1 and 7 for SuperTrend 2 (higher multipliers lead to wider SuperTrend channels, reducing the frequency of trades). - Volatility Adjustment Factors: 5 for SuperTrend 1 and 7 for SuperTrend 2 (higher adjustment factors increase the responsiveness to changes in market volatility). - Hold Days: 5 (defines the minimum duration a position is held, ensuring trades are not exited prematurely). - Take Profit: 30% (sets the target profit level to lock in gains). - Stop Loss: 20% (sets the maximum acceptable loss level to mitigate risk).
Strategi Pine Script®
oleh PresentTrading
4
Volume-Weighted Supertrend Strategy [wbburgin]This is a script that can be used as a strategy or a standalone indicator. The Volume-Weighted Supertrend is a supertrend based on a rolling VWAP, instead of a normal price source. The strategy has two components - a supertrend based off of this VWAP (shown on the chart) and a supertrend from volume itself (not plotted on the chart directly). The supertrend from volume is an example of my "Supertrend Any Source" indicator, where a custom ATR is created from non-OHLC data; this is available as both a separate public script and also in my "wbburgin_utils" library for you to use in your own script creation. The supertrend from volume acts as a confirmation filter for the VWAP-supertrend shown on-chart. If the volume supertrend is trending up and the VWAP-based supertrend is also trending up, a buy signal is generated. Likewise, if the volume supertrend is trending down and the VWAP-supertrend is trending down, a sell signal is generated. The colors are based off of whether both supertrends are trending up or down: green for both up, blue for only price up, orange for only price down, and red for both down. The settings enable you to change the volume length and the ATR length separately, as well as the multiplier and the source for the price supertrend. If you load the indicator for the first time and see no entries and exits, this is because "Show Strategy Entries and Exits" is disabled in the settings. This is if you plan on using the strategy as an indicator and don't want to be bothered by the entry and exit symbols on the chart. Additionally, for those who like clean charts (like me), you can turn all the labels off in the settings, as well as the highlighting. My default strategy settings for the strategy results shown below are as follows: 5% equity per trade, 5 degrees of pyramiding, commissions of 0.08% per trade. This strategy doesn't come with stops yet, so please be aware of that before using it to trade - I highly suggest you create your own stops based off of your R/R ratio and personal risk tolerance. Additionally, it works best on trending assets (b/c of the supertrends) with high volume. This might mean it does not work as well on lower timeframes.
Strategi Pine Script®
oleh wbburgin
3
Standardized SuperTrend Oscillator The Standardized SuperTrend Oscillator (SSO) is a versatile tool that transforms the SuperTrend indicator into an oscillator, offering both trend-following and mean reversion capabilities. It provides deeper insights into trends by standardizing the SuperTrend with respect to its upper and lower bounds, allowing traders to identify potential reversals and contrarian signals. Methodology: Lets begin with describing the SuperTrend indicator, which is the fundamental tool this script is based on. SuperTrend: The SuperTrend is calculated based on the average true range (ATR) and multiplier. It identifies the trend direction by placing a line above or below the price. In an uptrend, the line is below the price; in a downtrend, it's above the price. pine_st(float src = hl2, float factor = 3., simple int len = 10) => float atr = ta.atr(len) float up = src + factor * atr up := up < nz(up ) or close > nz(up ) ? up : nz(up ) float lo = src - factor * atr lo := lo > nz(lo ) or close < nz(lo ) ? lo : nz(lo ) int dir = na float st = na if na(atr ) dir := 1 else if st == nz(up ) dir := close > up ? -1 : 1 else dir := close < lo ? 1 : -1 st := dir == -1 ? lo : up SSO Oscillator: The SSO is derived from the SuperTrend and the source price. It calculates the standardized difference between the SuperTrend and the source price. The standardization is achieved by dividing this difference by the distance between the upper and lower bounds of the SuperTrend. float sso = (src - st) / (up - lo) Components and Features: SuperTrend of Oscillator - An additional SuperTrend based on the direction and volatility of the oscillator, behaving as the SuperTrend OF the SuperTrend. This provides further trend analysis of the underlying broad trend regime. Reversion Tracer - The RSI of the direction of the original SuperTrend, providing a dynamic threshold for premium and discount price areas. float rvt = ta.rsi(dir, len) Heikin Ashi Transform - An option to apply the Heikin Ashi transform to the source price of the oscillator, providing a smoother visual representation of trends. Display Modes - Choose between Line mode for a standard oscillator view or Candle mode, displaying the oscillator as Heikin Ashi candles for more in-depth trend analysis. Contrarian and Reversion Signals: Contrarian Signals - Based on the SuperTrend of the oscillator, these signals can act as potential buy or sell indications, highlighting potential trend exhaustion or premature reversals. Reversion Signals - Generated when the oscillator crosses above or below the Reversion Tracer, signaling potential mean reversion opportunities or trend breakouts. Utility and Use Cases: Trend Analysis - Utilize the SSO as a trend-following tool with the added benefits of the oscillator's SuperTrend and Heikin Ashi transform. Valuation Analysis - Leverage the oscillator's reversion signals for identifying potential mean reversion opportunities in the market. The Standardized SuperTrend Oscillator enhances the capabilities of the SuperTrend indicator, offering a balanced approach to both trend-following and mean reversion strategies. Its customizable options and contrarian signals make it a valuable instrument for traders seeking comprehensive trend analysis and potential reversal signals.
Penunjuk Pine Script®
oleh EliCobra
21
AI SuperTrend Clustering Oscillator [LuxAlgo]The AI SuperTrend Clustering Oscillator is an oscillator returning the most bullish/average/bearish centroids given by multiple instances of the difference between SuperTrend indicators. This script is an extension of our previously posted SuperTrend AI indicator that makes use of k-means clustering. If you want to learn more about it see: 🔶 USAGE The AI SuperTrend Clustering Oscillator is made of 3 distinct components, a bullish output (always the highest), a bearish output (always the lowest), and a "consensus" output always within the two others. The general trend is given by the consensus output, with a value above 0 indicating an uptrend and under 0 indicating a downtrend. Using a higher minimum factor will weigh results toward longer-term trends, while lowering the maximum factor will weigh results toward shorter-term trends. Strong trends are indicated when the bullish/bearish outputs are indicating an opposite sentiment. A strong bullish trend would for example be indicated when the bearish output is above 0, while a strong bearish trend would be indicated when the bullish output is below 0. When the consensus output is indicating a specific trend direction, an opposite indication from the bullish/bearish output can highlight a potential reversal or retracement. 🔶 DETAILS The indicator construction is based on finding three clusters from the difference between the closing price and various SuperTrend using different factors. The centroid of each cluster is then returned. This operation is done over all historical bars. The highest cluster will be composed of the differences between the price and SuperTrends that are the highest, thus creating a more bullish group. The lowest cluster will be composed of the differences between the price and SuperTrends that are the lowest, thus creating a more bearish group. The consensus cluster is composed of the differences between the price and SuperTrends that are not significant enough to be part of the other clusters. 🔶 SETTINGS ATR Length: ATR period used for the calculation of the SuperTrends. Factor Range: Determine the minimum and maximum factor values for the calculation of the SuperTrends. Step: Increments of the factor range. Smooth: Degree of smoothness of each output from the indicator. 🔹 Optimization This group of settings affects the runtime performances of the script. Maximum Iteration Steps: Maximum number of iterations allowed for finding centroids. Excessively low values can return a better script load time but poor clustering. Historical Bars Calculation: Calculation window of the script (in bars).
Penunjuk Pine Script®
oleh LuxAlgo
12
4Vietnamese 3x SupertrendThis strategy attempts to capture long positions in the Vietnamese stock market using a combination of three Supertrend indicators and additional filters. It utilizes pyramiding to enter up to three long positions with a 33.33% allocation each. Key Elements: Supertrend Indicators: Three Supertrend indicators are used with different lengths and multipliers to identify potential trend changes. Entry Conditions: The strategy looks for a downtrend on the slowest Supertrend (Supertrend3) followed by uptrends on the medium (Supertrend2) and fast (Supertrend1) Supertrends. Alternatively, if Supertrend3 is still downtrending, but Supertrend1 is downtrending and a significant previous high (highestGreen) exists, an entry signal is generated. An optional filter allows using the highest of the last two red candles for highestGreen calculation. Entry Stop Loss: An optional stop loss can be set based on the entry price of previous long positions, preventing further losses if the price falls below entry prices. Exit Conditions: Three exit options are available: - All Downtrend Exit: Close all positions if all Supertrends turn uptrend and a bearish candlestick pattern (close price lower than open price) is formed. - Average Price in Loss Exit: Close all positions if the average entry price of open positions is higher than the current closing price (indicating a loss). - All Positions in Loss Exit: Close all positions if any of the following conditions are met: A single open position exists, and its entry price is higher than the current close price. Two open positions exist, and their entry prices are both higher than the current close price. Three open positions exist, and their entry prices are all higher than the current close price. Pyramiding: The strategy allows entering up to three long positions with a fixed allocation of 33.33% each. Customization Options: The strategy provides various input parameters to customize its behavior: Supertrend lengths and multipliers for each indicator. Option to use the highest of the last two red candles for highestGreen calculation. Enabling/disabling Entry Stop Loss and different exit conditions. Further Enhancements: Explore additional entry and exit filters to refine trade signals. Consider incorporating risk management techniques like position sizing and trailing stops. Backtest the strategy with historical data to evaluate its effectiveness and identify potential areas for improvement.
Strategi Pine Script®
oleh doqkhanh
Pro Supertrend CalculatorThis indicator is an adapted version of Julien_Eche's 'Pro Momentum Calculator' tailored specifically for TradingView's 'Supertrend indicator'. The "Pro Supertrend Calculator" indicator has been developed to provide traders with a data-driven perspective on price movements in financial markets. Its primary objective is to analyze historical price data and make probabilistic predictions about the future direction of price movements, specifically in terms of whether the next candlestick will be bullish (green) or bearish (red). Here's a deeper technical insight into how it accomplishes this task: 1. Supertrend Computation: The indicator initiates by computing the Supertrend indicator, a sophisticated technical analysis tool. This calculation involves two essential parameters: - ATR Length (Average True Range Length): This parameter determines the sensitivity of the Supertrend to price fluctuations. - Factor: This multiplier plays a pivotal role in establishing the distance between the Supertrend line and prevailing market prices. A higher factor value results in a more significant separation. 2. Supertrend Visualization: The Supertrend values derived from the calculation are meticulously plotted on the price chart, manifesting as two distinct lines: - Green Line: This line represents the Supertrend when it indicates a bullish trend, signifying an anticipation of rising prices. - Red Line: This line signifies the Supertrend in bearish market conditions, indicating an expectation of falling prices. 3. Consecutive Candle Analysis: - The core function of the indicator revolves around tracking successive candlestick patterns concerning their relationship with the Supertrend line. - To be included in the analysis, a candlestick must consistently close either above (green candles) or below (red candles) the Supertrend line for multiple consecutive periods. 4.Labeling and Enumeration: - To communicate the count of consecutive candles displaying uniform trend behavior, the indicator meticulously applies labels to the price chart. - The positioning of these labels varies based on the direction of the trend, residing either below (for bullish patterns) or above (for bearish patterns) the candlestick. - The color scheme employed aligns with the color of the candle, using green labels for bullish candles and red labels for bearish ones. 5. Tabular Data Presentation: - The indicator augments its graphical analysis with a customizable table prominently displayed on the chart. This table delivers comprehensive statistical insights. - The tabular data comprises the following key elements for each consecutive period: a. Consecutive Candles: A tally of the number of consecutive candles displaying identical trend characteristics. b. Candles Above Supertrend: A count of candles that remained above the Supertrend during the sequential period. 3. Candles Below Supertrend: A count of candles that remained below the Supertrend during the sequential period. 4. Upcoming Green Candle: An estimation of the probability that the next candlestick will be bullish, grounded in historical data. 5. Upcoming Red Candle: An estimation of the probability that the next candlestick will be bearish, based on historical data. 6. Tailored Configuration: To accommodate diverse trading strategies and preferences, the indicator offers extensive customization options. Traders can fine-tune parameters such as ATR length, factor, label and table placement, and table size to align with their unique trading approaches. In summation, the "Pro Supertrend Calculator" indicator is an intricately designed tool that leverages the Supertrend indicator in conjunction with historical price data to furnish traders with an informed outlook on potential future price dynamics, with a particular emphasis on the likelihood of specific bullish or bearish candlestick patterns stemming from consecutive price behavior.
Penunjuk Pine Script®
oleh Julien_Eche
Volume SuperTrend AI (Expo)█ Overview The Volume SuperTrend AI is an advanced technical indicator used to predict trends in price movements by utilizing a combination of traditional SuperTrend calculation and AI techniques, particularly the k-nearest neighbors (KNN) algorithm. The Volume SuperTrend AI is designed to provide traders with insights into potential market trends, using both volume-weighted moving averages (VWMA) and the k-nearest neighbors (KNN) algorithm. By combining these approaches, the indicator aims to offer more precise predictions of price trends, offering bullish and bearish signals. █ How It Works Volume Analysis: By utilizing volume-weighted moving averages (VWMA), the Volume SuperTrend AI emphasizes the importance of trading volume in the trend direction, allowing it to respond more accurately to market dynamics. Artificial Intelligence Integration - k-Nearest Neighbors (k-NN) Algorithm: The k-NN algorithm is employed to intelligently examine historical data points, measuring distances between current parameters and previous data. The nearest neighbors are utilized to create predictive modeling, thus adapting to intricate market patterns. █ How to use Trend Identification The Volume SuperTrend AI indicator considers not only price movement but also trading volume, introducing an extra dimension to trend analysis. By integrating volume data, the indicator offers a more nuanced and robust understanding of market trends. When trends are supported by high trading volumes, they tend to be more stable and reliable. In practice, a green line displayed beneath the price typically suggests an upward trend, reflecting a bullish market sentiment. Conversely, a red line positioned above the price signals a downward trend, indicative of bearish conditions. Trend Continuation signals The AI algorithm is the fundamental component in the coloring of the Volume SuperTrend. This integration serves as a means of predicting the trend while preserving the inherent characteristics of the SuperTrend. By maintaining these essential features, the AI-enhanced Volume SuperTrend allows traders to more accurately identify and capitalize on trend continuation signals. TrailingStop The Volume SuperTrend AI indicator serves as a dynamic trailing stop loss, adjusting with both price movement and trading volume. This approach protects profits while allowing the trade room to grow, taking into account volume for a more nuanced response to market changes. █ Settings AI Settings: Neighbors (k): This setting controls the number of nearest neighbors to consider in the k-Nearest Neighbors (k-NN) algorithm. By adjusting this parameter, you can directly influence the sensitivity of the model to local fluctuations in the data. A lower value of k may lead to predictions that closely follow short-term trends but may be prone to noise. A higher value of k can provide more stable predictions, considering the broader context of market trends, but might lag in responsiveness. Data (n): This setting refers to the number of data points to consider in the model. It allows the user to define the size of the dataset that will be analyzed. A larger value of n may provide more comprehensive insights by considering a wider historical context but can increase computational complexity. A smaller value of n focuses on more recent data, possibly providing quicker insights but might overlook longer-term trends. AI Trend Settings: Price Trend & Prediction Trend: These settings allow you to adjust the lengths of the weighted moving averages that are used to calculate both the price trend and the prediction trend. Shorter lengths make the trends more responsive to recent price changes, capturing quick market movements. Longer lengths smooth out the trends, filtering out noise, and highlighting more persistent market directions. AI Trend Signals: This toggle option enables or disables the trend signals generated by the AI. Activating this function may assist traders in identifying key trend shifts and opportunities for entry or exit. Disabling it may be preferred when focusing on other aspects of the analysis. Super Trend Settings: Length: This setting determines the length of the SuperTrend, affecting how it reacts to price changes. A shorter length will produce a more sensitive SuperTrend, reacting quickly to price fluctuations. A longer length will create a smoother SuperTrend, reducing false alarms but potentially lagging behind real market changes. Factor: This parameter is the multiplier for the Average True Range (ATR) in SuperTrend calculation. By adjusting the factor, you can control the distance of the SuperTrend from the price. A higher factor makes the SuperTrend further from the price, giving more room for price movement but possibly missing shorter-term signals. A lower factor brings the SuperTrend closer to the price, making it more reactive but possibly more prone to false signals. Moving Average Source: This setting lets you choose the type of moving average used for the SuperTrend calculation, such as Simple Moving Average (SMA), Exponential Moving Average (EMA), etc. Different types of moving averages provide various characteristics to the SuperTrend, enabling customization to align with individual trading strategies and market conditions. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Penunjuk Pine Script®
oleh Zeiierman
74
Options Series - P_SAR And Supertrend The provided PineScript combines two well-known indicators—Parabolic SAR (P_SAR) and Supertrend—to create a comprehensive trading tool. Here are some powerful insights and the importance of this script: ⭐ 1. Supertrend Indicator: What it does: The Supertrend indicator is based on the Average True Range (ATR) and is used to identify trend direction. When the price is above the Supertrend line, it suggests an uptrend, and when below, a downtrend. Insights: Trend Following: By adjusting the ATR length (atrPeriod) and the multiplier (factor), you can fine-tune the sensitivity of the Supertrend. A smaller ATR or factor results in more frequent trend changes, whereas larger values make the indicator more robust but slower to react. Trend Visualization: The script highlights trends with the help of green and red lines, offering a clear visual cue for traders. The uptrend is filled with a translucent green and the downtrend with red, allowing quick identification of market momentum. ⭐ 2. Parabolic SAR (P_SAR): What it does: The Parabolic SAR is a time/price-based indicator that helps identify potential reversals in the market. The dots (SAR) follow the price and move closer to it as the trend progresses. Insights: Trailing Stops: This is commonly used by traders to trail stop losses, as the SAR moves closer to price as the trend strengthens. Combining with Supertrend: The SAR dots in this script act as an additional confirmation for trend direction. For instance, when the price is above both the SAR and Supertrend, it strongly suggests an uptrend. ⭐ 3. Bar Coloring Based on Trend Confirmation: What it does: The script calculates conditions based on whether the price is above or below both the Supertrend and SAR values. Insights: Bullish/Bearish Confirmation: The combination of these two indicators provides a stronger confirmation of trend direction compared to using either one alone. For example: Green Bars: If the price is above both the Supertrend and SAR, it signals a strong uptrend (bullish). Red Bars: If the price is below both, it suggests a strong downtrend (bearish). Visual Alerts: The candle colors are adjusted based on these conditions, providing a quick visual alert for traders to take action. ⭐ 4. Importance of Using Both Supertrend and P_SAR: Multiple Confirmations: Combining the Supertrend and Parabolic SAR increases the accuracy of trend-following strategies. Each indicator has its strengths: Supertrend is good for identifying the overall trend, while the SAR excels at identifying potential reversals. Risk Management: This script can help you not only identify trends but also manage your positions more effectively. The Parabolic SAR, for example, can serve as a dynamic stop-loss level, while the Supertrend can help you stay in trades longer by smoothing out noise in the market. ⭐ 5. Customizable Inputs: Adaptability: The user can adjust the ATR period, factor, start, increment, and maximum values, tailoring the script to different market conditions and timeframes. This flexibility is essential, as each asset class or market may require different parameter settings. ⭐ 6. Practical Application in Trading: Entry and Exit Signals: The script can be used to generate entry and exit signals. For instance: Buy Signal: When the bar turns green (price is above Supertrend and SAR), it could be a signal to go long. Sell Signal: When the bar turns red (price is below Supertrend and SAR), it could be a signal to go short or exit a long position. Stop-Loss Placement: The Parabolic SAR dots can act as trailing stop-loss levels, helping traders lock in profits as trends progress. Trend Continuation vs. Reversal: The Supertrend provides a broader view of the trend, while the Parabolic SAR provides pinpoint entry/exit signals for reversals. 🚀 Conclusion: This script is a robust combination of trend-following and reversal indicators, making it a versatile tool for traders. The dual confirmation from Supertrend and Parabolic SAR reduces false signals, and the color-coded bars provide quick insights into market conditions. When used properly, this can greatly improve your ability to catch trends early, exit at the right moment, and manage risk effectively.
Penunjuk Pine Script®
oleh Options_Series
1
Highest High Line with Multi-Timeframe Supertrend and RSIOverview: This powerful indicator combines three essential elements for traders: Highest High Line – Tracks the highest price over a customizable lookback period across different timeframes. Multi-Timeframe Supertrend – Displays Supertrend values and trend directions for multiple timeframes simultaneously. Relative Strength Index (RSI) – Shows RSI values across different timeframes for momentum analysis. Features: ✅ Customizable Highest High Line: Selectable timeframes: Daily, Weekly, Monthly, Quarterly, Yearly Adjustable lookback period ✅ Multi-Timeframe Supertrend: Supports 1min, 5min, 10min, 15min, 30min, 1H, Daily, Weekly, Monthly, Quarterly, Yearly ATR-based calculation with configurable ATR period and multiplier Identifies bullish (green) & bearish (red) trends ✅ Multi-Timeframe RSI: Calculates RSI for the same timeframes as Supertrend Overbought (≥70) and Oversold (≤30) signals with color coding ✅ Comprehensive Table Display: A clean, structured table in the bottom-right corner Displays Supertrend direction, value, and RSI for all timeframes Helps traders quickly assess trend and momentum alignment How to Use: Use the Highest High Line to identify key resistance zones. Confirm trend direction with Multi-Timeframe Supertrend. Check RSI values to avoid overbought/oversold conditions before entering trades. Align multiple timeframes for stronger confirmation of trend shifts. Ideal For: ✅ Scalpers (lower timeframes: 1m–30m) ✅ Swing Traders (higher timeframes: 1H–D) ✅ Position Traders (Weekly, Monthly, Quarterly) 💡 Tip: Look for Supertrend & RSI confluence across multiple timeframes for higher probability setups.
Penunjuk Pine Script®
oleh rakeshios786
Strategic Multi-Step Supertrend - Strategy [presentTrading]The code is mainly developed for me to stimulate the multi-step taking profit function for strategies. The result shows the drawdown can be reduced but at the same time reduced the profit as well. It can be a heuristic for futures leverage traders. █ Introduction and How it is Different The "Strategic Multi-Step Supertrend" is a trading strategy designed to leverage the power of multiple steps to optimize trade entries and exits across the Supertrend indicator. Unlike traditional strategies that rely on single entry and exit points, this strategy employs a multi-step approach to take profit, allowing traders to lock in gains incrementally. Additionally, the strategy is adaptable to both long and short trades, providing a comprehensive solution for dynamic market conditions. This template strategy lies in its dual Supertrend calculation, which enhances the accuracy of trend detection and provides more reliable signals for trade entries and exits. This approach minimizes false signals and increases the overall profitability of trades by ensuring that positions are entered and exited at optimal points. BTC 6h L/S Performance █ Strategy, How It Works: Detailed Explanation The "Strategic Multi-Step Supertrend Trader" strategy utilizes two Supertrend indicators calculated with different parameters to determine the direction and strength of the market trend. This dual approach increases the robustness of the signals, reducing the likelihood of entering trades based on false signals. Here is a detailed breakdown of how the strategy operates: 🔶 Supertrend Indicator Calculation The Supertrend indicator is a trend-following overlay on the price chart, typically used to identify the direction of the trend. It is calculated using the Average True Range (ATR) to ensure that the indicator adapts to market volatility. The formula for the Supertrend indicator is: Upper Band = (High + Low) / 2 + (Factor * ATR) Lower Band = (High + Low) / 2 - (Factor * ATR) Where: - High and Low are the highest and lowest prices of the period. - Factor is a user-defined multiplier. - ATR is the Average True Range over a specified period. The Supertrend changes its direction based on the closing price in relation to these bands. 🔶 Entry-Exit Conditions The strategy enters long positions when both Supertrend indicators signal an uptrend, and short positions when both indicate a downtrend. Specifically: - Long Condition: Supertrend1 < 0 and Supertrend2 < 0 - Short Condition: Supertrend1 > 0 and Supertrend2 > 0 - Long Exit Condition: Supertrend1 > 0 and Supertrend2 > 0 - Short Exit Condition: Supertrend1 < 0 and Supertrend2 < 0 🔶 Multi-Step Take Profit Mechanism The strategy features a multi-step take profit mechanism, which allows traders to lock in profits incrementally. This is achieved through four user-configurable take profit levels. For each level, the strategy specifies a percentage increase (for long trades) or decrease (for short trades) in the entry price at which a portion of the position is exited: - Step 1: Exit a portion of the trade at Entry Price * (1 + Take Profit Percent1 / 100) - Step 2: Exit a portion of the trade at Entry Price * (1 + Take Profit Percent2 / 100) - Step 3: Exit a portion of the trade at Entry Price * (1 + Take Profit Percent3 / 100) - Step 4: Exit a portion of the trade at Entry Price * (1 + Take Profit Percent4 / 100) This staggered exit strategy helps in locking profits at multiple levels, thereby reducing risk and increasing the likelihood of capturing the maximum possible profit from a trend. BTC Local █ Trade Direction The strategy is highly flexible, allowing users to specify the trade direction. There are three options available: - Long Only: The strategy will only enter long trades. - Short Only: The strategy will only enter short trades. - Both: The strategy will enter both long and short trades based on the Supertrend signals. This flexibility allows traders to adapt the strategy to various market conditions and their own trading preferences. █ Usage 1. Add the strategy to your trading platform and apply it to the desired chart. 2. Configure the take profit settings under the "Take Profit Settings" group. 3. Set the trade direction under the "Trade Direction" group. 4. Adjust the Supertrend settings in the "Supertrend Settings" group to fine-tune the indicator calculations. 5. Monitor the chart for entry and exit signals as indicated by the strategy. █ Default Settings - Use Take Profit: True - Take Profit Percentages: Step 1 - 6%, Step 2 - 12%, Step 3 - 18%, Step 4 - 50% - Take Profit Amounts: Step 1 - 12%, Step 2 - 8%, Step 3 - 4%, Step 4 - 0% - Number of Take Profit Steps: 3 - Trade Direction: Both - Supertrend Settings: ATR Length 1 - 10, Factor 1 - 3.0, ATR Length 2 - 11, Factor 2 - 4.0 These settings provide a balanced starting point, which can be customized further based on individual trading preferences and market conditions.
Strategi Pine Script®
oleh PresentTrading
4
ZigZag Chart with SupertrendHello All, This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend. As seen below, each zigzag wave is a candle on Zigzag chart: You have a few options and using these options you can find best settings for the securities/timeframes. You can change Zigzag period, if you change Zigzag Period then all zigzag and the chart is recalculated/reconstructed. You have option to show Zigzag Supertrend or Zigzag Moving Average, the options you have; - You can change ATR Length and ATR multiplier for supertrend - You can change Length for Simple Moving Average You can change Zigzag candle & wick colors using options. Also you have option to change bar colors according to Zigzag Supertrend direction. As it's timeless chart, below you can see how/when bar colors and Zigzag Supertrend change: You can see Simple Moving Average of the Zigzag Candles: You can play with ATR length and multiplier to find best supertrend: You can play with the candle & wick colors: Enjoy!
Penunjuk Pine Script®
oleh LonesomeTheBlue
42
Dual-Supertrend with MACD - Strategy [presentTrading]## Introduction and How it is Different The Dual-Supertrend with MACD strategy offers an amalgamation of two trend-following indicators (Supertrend 1 & 2) with a momentum oscillator (MACD). It aims to provide a cohesive and systematic approach to trading, eliminating the need for discretionary decision-making. Key advantages over traditional single-indicator strategies: - Dual Supertrend Validation: Utilizes two Supertrend indicators with different ATR periods and factors to confirm the trend direction. This double-check mechanism minimizes false signals. - Momentum Confirmation: The MACD histogram acts as a momentum filter, confirming entries and exits, thus adding an extra layer of validation. - Objective Entry and Exit: The strategy generates buy and sell signals based on a combination of trend direction and momentum, leaving no room for subjective interpretation. - Automated Trade Management: The strategy includes built-in settings for commission, slippage, and initial capital, automating the trade execution process. - Adaptability: The strategy allows for easy customization of all its parameters, adapting to a trader's specific needs and varying market conditions. BTCUSD 8hr chart Long Condition BTCUSD 6hr chart Long Short Condition ## Strategy, How it Works The strategy operates on a set of clearly defined rules, primarily focusing on the trend direction confirmed by the Dual-Supertrend and the momentum as indicated by the MACD histogram. ### Entry Rules - Long Entry: When both Supertrend indicators are bullish and the MACD histogram is above zero. - Short Entry: When both Supertrend indicators are bearish and the MACD histogram is below zero. ### Exit Rules - Exit long positions when either of the Supertrends turn bearish or the MACD histogram drops below zero. - Exit short positions when either of the Supertrends turn bullish or the MACD histogram rises above zero. ### Trade Management - The strategy uses a fixed commission rate and slippage in its calculations. - Automated risk management features are integrated to avoid overexposure. ## Trade Direction The strategy allows for trading in both bullish and bearish markets. Users can select their preferred trading direction ("long", "short", or "both") to align with their market outlook and trading objectives. ## Usage - The strategy is best applied on timeframes where the trend is evident. - Users can modify the ATR periods, factors for Supertrends, and MACD settings to suit their trading needs. ## Default Settings - ATR Period for Supertrend 1: 10 - Factor for Supertrend 1: 3.0 - ATR Period for Supertrend 2: 20 - Factor for Supertrend 2: 5.0 - MACD Fast Length: 12 - MACD Slow Length: 26 - MACD Signal Smoothing: 9 - Commission: 0.1% - Slippage: 1 point - Trading Direction: Both The strategy comes with these default settings to offer a balanced trading approach but can be customized according to individual trading preferences.
Strategi Pine Script®
oleh PresentTrading
5
3x SuperTrend Strategy (Mel0nTek) V1This is a triple SuperTrend based strategy for lower time frame trades such as day trades and scalping. I have not seen many strategies that combine multiple SuperTrends so I thought I would publish this one since I put it together and have been quite happy with the results. I have found through testing that the best results are on currency exchange markets such as Crypto or Forex on 1-15 min time frames. The core idea was inspired by a youtube video put out by Trade Pro: "Trade Pro - HIGHEST PROFIT Triple Supertrend Trading Strategy Proven 100 Trade Results" I went ahead and set the defaults to the ones he uses in his video for anyone who wants to try a configuration similar to his. They work pretty well in general, however the EMA, SuperTrend ATR multipliers, and P/L ratio can be tuned/optimized to fit the timeframe/market desired. The video is quite good but not a required watch as I will explain below. The 200EMA is used as a medium-term trend direction indicator. - Price closing consistently above the 200EMA means that only long positions should be entered. - Price closing consistently below 200EMA means that only short positions should be entered. The 3 SuperTrend indicators should be used as direction confirmation for entries. Typically, price above SuperTrend indicates bullish movement, while price below SuperTrend indicates Bearish movement. However by itself, it is not a great indication to enter/exit positions in my experience. By combining 3 of them with slightly longer periods and increased ATR multipliers, we can get much stronger confirmation of trend direction/strength. The way they are used in this strategy is such that: - We only want to enter a position if at least 2 out of 3 SuperTrends are on our side. - 3/3 SuperTrends on our side is the best case, since we are taking trades WITH momentum/price strength. - The second farthest SuperTrend from entry price is used as a Stop Loss SuperTrend being on our side is not the only requirement for an entry however. The probability of success is increased with SuperTrend, and a longer EMA on our side, but we want to be sure that we aren't getting in too late/after the movement has already happened. So we use Stoch RSI to pick our entries where price is oversold/overbought and reversing. That means the Stoch RSI is above 80, or below 20, and our indication to enter the trade is when the 2 lines cross/begin reversing direction. So with trend direction on our side, we can get really good entries at these oversold/overbought extremes, especially as it's reversing (Stoch RSI K and D are crossing). This allows us to use the SuperTrend as a support/stop loss on our entry since price should be above it. Then we just target 1.5x our max loss so that even if we only win 50% of the time, we still make a profit. The explicit rules of this strategy are as follows: === Rules === long only - price above EMA200 short only - price below EMA200 Stop Loss = 2nd SuperTrend line above (short) or below(long) entry candle Profit = 1.5x SL/risk (Profit Ratio x Max Loss) === Entry Setup === LONG - Stoch RSI below 20, cross up - at least 2 SuperTrend lines below close SHORT - Stoch RSI above 80, cross down - at least 2 SuperTrend lines above close P.S. Special thanks to Trade Pro for producing so many quality videos, putting strategy claims to the test, and providing me with so many good ideas I apply to my own strategies.
Strategi Pine Script®
oleh mel0n
31
Multi Fibonacci Supertrend with Signals【FIbonacciFlux】Multi Fibonacci Supertrend with Signals (MFSS) Overview The Multi Fibonacci Supertrend with Signals (MFSS) is an advanced technical analysis tool that combines multiple Supertrend indicators using Fibonacci ratios to identify trend directions and potential trading opportunities. Key Features 1. Fibonacci-Based Supertrend Levels * Factor 1 (Weak) : 0.618 - The golden ratio * Factor 2 (Medium) : 1.618 - The Fibonacci ratio * Factor 3 (Strong) : 2.618 - The extension ratio 2. Visual Components * Multi-layered Trend Lines * Different line weights for easy identification * Progressive transparency from Factor 1 to Factor 3 * Color-coded trend directions (Green for bullish, Red for bearish) * Dynamic Fill Areas * Gradient fills between price and trend lines * Visual representation of trend strength * Automatic color adjustment based on trend direction * Signal Indicators * Clear BUY/SELL labels on chart * Position-adaptive signal placement * High-visibility color scheme 3. Signal Generation Logic The system generates signals based on two key conditions: * Primary Condition : * BUY : Price crossunder Supertrend2 (Factor 1.618) * SELL : Price crossover Supertrend2 (Factor 1.618) * Confirmation Filter : * Signals only trigger when Supertrend3 confirms the trend direction * Reduces false signals in volatile markets Technical Details Input Parameters * ATR Period : 10 (default) * Customizable for different market conditions * Affects sensitivity of all Supertrend levels * Factor Settings : * All factors are customizable * Default values based on Fibonacci sequence * Minimum value: 0.01 * Step size: 0.01 Alert System * Built-in alert conditions * Customizable alert messages * Real-time notification support Use Cases * Trend Trading * Identify strong trend directions * Filter out weak signals * Confirm trend continuations * Risk Management * Multiple trend levels for stop-loss placement * Clear entry and exit signals * Trend strength visualization * Market Analysis * Multi-timeframe analysis capability * Trend strength assessment * Market structure identification Benefits * Reliability * Based on proven Supertrend algorithm * Enhanced with Fibonacci mathematics * Multiple confirmation levels * Clarity * Clear visual signals * Easy-to-interpret interface * Reduced noise in signal generation * Flexibility * Customizable parameters * Adaptable to different markets * Suitable for various trading styles Performance Considerations * Optimized code structure * Efficient calculation methods * Minimal resource usage Installation and Usage Setup * Add indicator to chart * Adjust parameters if needed * Enable alerts as required Best Practices * Use with other confirmation tools * Adjust factors based on market volatility * Consider timeframe appropriateness Backtesting Results and Strategy Performance This indicator is specifically designed for pullback trading with optimized risk-reward ratios in trend-following strategies. Below are the detailed backtesting results from our proprietary strategy implementation: BTCUSDT Performance (Binance) * Test Period: Approximately 7 years * Risk-Reward Ratio: 2:1 * Take Profit: 8% * Stop Loss: 4% Key Metrics (BTCUSDT): * Net Profit: +2,579% * Total Trades: 551 * Win Rate: 44.8% * Profit Factor: 1.278 * Maximum Drawdown: 42.86% ETHUSD Performance (Binance) * Risk-Reward Ratio: 4.33:1 * Take Profit: 13% * Stop Loss: 3% Key Metrics (ETHUSD): * Net Profit: +8,563% * Total Trades: 581 * Win Rate: 32% * Profit Factor: 1.32 * Maximum Drawdown: 55% Strategy Highlights: * Optimized for pullback trading in strong trends * Focus on high risk-reward ratios * Proven effectiveness in major cryptocurrency pairs * Consistent performance across different market conditions * Robust profit factor despite moderate win rates Note: These results are from our proprietary strategy implementation and should be used as reference only. Individual results may vary based on market conditions and implementation. Important Considerations: * The strategy demonstrates strong profitability despite lower win rates, emphasizing the importance of proper risk-reward ratios * Higher drawdowns are compensated by significant overall returns * The system shows adaptability across different cryptocurrencies with consistent profit factors * Results suggest optimal performance in volatile crypto markets Real Trading Examples BTCUSDT 4-Hour Chart Analysis Example of pullback strategy implementation on Bitcoin, showing clear trend definition and entry points ETHUSDT 4-Hour Chart Analysis Ethereum chart demonstrating effective signal generation during strong trends BTCUSDT Detailed Signal Example (15-Minute Scalping) Close-up view of signal generation and trend confirmation process on 15-minute timeframe, demonstrating the indicator's effectiveness for scalping operations Chart Analysis Notes: * Green and red zones clearly indicate trend direction * Multiple timeframe confirmation visible through different Supertrend levels * Clear entry signals during pullbacks in established trends * Precise stop-loss placement opportunities below support levels Implementation Guidelines: * Wait for main trend confirmation from Factor 3 (2.618) * Enter trades on pullbacks to Factor 2 (1.618) * Use Factor 1 (0.618) for fine-tuning entry points * Place stops below the relevant Supertrend level Footnotes: * Charts provided are from Binance exchange, using both 4-hour and 15-minute timeframes * Trading view screenshots captured during actual market conditions * Indicators shown: Multi Fibonacci Supertrend with all three factors * Time period: Recent market activity showing various market conditions Important Notice: These charts are for educational purposes only. Past performance does not guarantee future results. Always conduct your own analysis and risk management. Disclaimer This indicator is for informational purposes only. Past performance is not indicative of future results. Always conduct proper risk management and due diligence. License Open source under MIT License Author's Note Contributions and suggestions for improvement are welcome. Please feel free to fork and enhance.
Penunjuk Pine Script®
oleh FibonacciFlux
PDF-MA Supertrend [BackQuant]PDF-MA Supertrend The PDF-MA Supertrend combines the innovative Probability Density Function (PDF) smoothing with the widely popular Supertrend methodology, creating a robust tool for identifying trends and generating actionable trading signals. This indicator is designed to provide precise entries and exits by dynamically adapting to market volatility while visualizing long and short opportunities directly on the chart. Core Feature: PDF Smoothing At the foundation of this indicator is the PDF smoothing technique, which applies a Probability Density Function to calculate a smoothed moving average. This method allows the indicator to assign adaptive weights to data points, making it responsive to market changes without overreacting to short-term volatility. Key parameters include: Variance: Controls the spread of the PDF weighting. A smaller variance results in sharper responses, while a larger variance smooths out the curve. Mean: Shifts the PDF’s center, allowing traders to tweak how weights are distributed around the data points. Smoothing Method: Offers the choice between EMA (Exponential Moving Average) and SMA (Simple Moving Average) for blending the PDF-smoothed data with traditional moving average methods. By combining these parameters, the PDF smoothing creates a moving average that effectively captures underlying trends. Supertrend: Adaptive Trend and Volatility Tracking The Supertrend is a well-known volatility-based indicator that dynamically adjusts to market conditions using the ATR (Average True Range). In this script, the PDF-smoothed moving average acts as the price input, making the Supertrend calculation more adaptive and precise. Key Supertrend Features: ATR Period: Determines the lookback period for calculating market volatility. Factor: Multiplies the ATR to set the distance between the Supertrend and the price. A higher factor creates wider bands, filtering out smaller price movements, while a lower factor captures tighter trends. Dynamic Direction: The Supertrend flips its direction based on price interactions with the calculated upper and lower bands: Uptrend : When the price is above the Supertrend, the direction turns bullish. Downtrend : When the price is below the Supertrend, the direction turns bearish. This combination of PDF smoothing and Supertrend calculation ensures that trends are detected with greater accuracy, while volatility filters out market noise. Long and Short Signal Generation The PDF-MA Supertrend generates actionable trading signals by detecting transitions in the trend direction: Long Signal (𝕃): Triggered when the trend transitions from bearish to bullish. This is visually represented with a green triangle below the price bars. Short Signal (𝕊): Triggered when the trend transitions from bullish to bearish. This is marked with a red triangle above the price bars. These signals provide traders with clear entry and exit points, ensuring they can capitalize on emerging trends while avoiding false signals. Customizable Visualization Options The indicator offers a range of visualization settings to help traders interpret the data with ease: Show Supertrend: Option to toggle the visibility of the Supertrend line. Candle Coloring: Automatically colors candlesticks based on the trend direction: Green for long trends. Red for short trends. Long and Short Signals (𝕃 + 𝕊): Displays long (𝕃) and short (𝕊) signals directly on the chart for quick identification of trade opportunities. Line Color Customization: Allows users to customize the colors for long and short trends. Alert Conditions To ensure traders never miss an opportunity, the PDF-MA Supertrend includes built-in alerts for trend changes: Long Signal Alert: Notifies when a bullish trend is identified. Short Signal Alert: Notifies when a bearish trend is identified. These alerts can be configured for real-time notifications via SMS, email, or push notifications, making it easier to stay updated on market movements. Suggested Parameter Adjustments The indicator’s effectiveness can be fine-tuned using the following guidelines: Variance: For low-volatility assets (e.g., indices): Use a smaller variance (1.0–1.5) for smoother trends. For high-volatility assets (e.g., cryptocurrencies): Use a larger variance (1.5–2.0) to better capture rapid price changes. ATR Factor: A higher factor (e.g., 2.0) is better suited for long-term trend-following strategies. A lower factor (e.g., 1.5) captures shorter-term trends. Smoothing Period: Shorter periods provide more reactive signals but may increase noise. Longer periods offer stability and better alignment with significant trends. Experimentation is encouraged to find the optimal settings for specific assets and trading strategies. Trading Applications The PDF-MA Supertrend is a versatile indicator suited to a variety of trading approaches: Trend Following : Use the Supertrend line and signals to follow market trends and ride sustained price movements. Reversal Trading : Spot potential trend reversals as the Supertrend flips direction. Volatility Analysis : Adjust the ATR factor to filter out minor price fluctuations or capture sharp movements. Final Thoughts The PDF-MA Supertrend combines the precision of Probability Density Function smoothing with the adaptability of the Supertrend methodology, offering traders a powerful tool for identifying trends and volatility. With its customizable parameters, actionable signals, and built-in alerts, this indicator is an excellent choice for traders seeking a robust and reliable system for trend detection and entry/exit timing. As always, backtesting and incorporating this indicator into a broader strategy are recommended for optimal results.
Penunjuk Pine Script®
oleh BackQuant
1
moonshot hypertrender (supertrend strategy) This is a well-known strategy by using 3 different Supertrends and a trend-defining EMA, feel free to play around with the settings, a backtest on 8h ETHUSDT pair brought some good results using the 233EMA and investing 75% of a 10k start capital. The idea is to have at least 2 Supertrends going green above the trend-EMA to go into a long position. The exit will be triggered if 2 Supertrends change to red (idea: 1 super trend in red could initialize a take profit). Taking shorts works vice versa. The EMA shows in green for uptrends and in red for downtrends, if it is blue (ranging market) no Signal will be taken because the 3 Supertrends are not all above or below the trendline(EMA). I heard about this strategy on youtube but I can't get the promised 60% win-rate ;) any suggestions to improve it are welcome Hope you find it useful and it would be nice to get your feedback -theasgard-
Strategi Pine Script®
oleh theasgard
1
Multi-Step Vegas SuperTrend - strategy [presentTrading]Long time no see! I am back : ) Please allow me to gain some warm-up. █ Introduction and How it is Different The "Vegas SuperTrend Strategy" is an enhanced trading strategy that leverages both the Vegas Channel and SuperTrend indicators to generate buy and sell signals. What sets this strategy apart from others is its dynamic adjustment to market volatility and its multi-step take profit mechanism. Unlike traditional single-step profit-taking approaches, this strategy allows traders to systematically scale out of positions at predefined profit levels, thereby optimizing their risk-reward ratio and maximizing potential gains. BTCUSD 6hr performance █ Strategy, How it Works: Detailed Explanation The Vegas SuperTrend Strategy combines the strengths of the Vegas Channel and SuperTrend indicators to identify market trends and generate trade signals. The following subsections delve into the details of how each component works and how they are integrated. 🔶 Vegas Channel Calculation The Vegas Channel is based on a simple moving average (SMA) and the standard deviation (STD) of the closing prices over a specified period. The channel is defined by upper and lower bounds that are dynamically adjusted based on market volatility. Simple Moving Average (SMA): SMA_vegas = (1/N) * Σ(Close_i) for i = 0 to N-1 where N is the length of the Vegas Window. Standard Deviation (STD): STD_vegas = sqrt((1/N) * Σ(Close_i - SMA_vegas)^2) for i = 0 to N-1 Vegas Channel Upper and Lower Bounds: VegasChannelUpper = SMA_vegas + STD_vegas VegasChannelLower = SMA_vegas - STD_vegas The details are here: 🔶 Trend Detection and Trade Signals The strategy determines the current market trend based on the closing price relative to the SuperTrend bounds: Market Trend: MarketTrend = 1 if Close > SuperTrendPrevLower -1 if Close < SuperTrendPrevUpper Previous Trend otherwise Trade signals are generated when there is a shift in the market trend: Bullish Signal: When the market trend shifts from -1 to 1. Bearish Signal: When the market trend shifts from 1 to -1. 🔶 Multi-Step Take Profit Mechanism The strategy incorporates a multi-step take profit mechanism that allows for partial exits at predefined profit levels. This helps in locking in profits gradually and reducing exposure to market reversals. Take Profit Levels: The take profit levels are calculated as percentages of the entry price: TakeProfitLevel_i = EntryPrice * (1 + TakeProfitPercent_i/100) for long positions TakeProfitLevel_i = EntryPrice * (1 - TakeProfitPercent_i/100) for short positions Multi-steps take profit local picture: █ Trade Direction The trade direction can be customized based on the user's preference: Long: The strategy only takes long positions. Short: The strategy only takes short positions. Both: The strategy can take both long and short positions based on the market trend. █ Usage To use the Vegas SuperTrend Strategy, follow these steps: Configure Input Settings: - Set the ATR period, Vegas Window length, SuperTrend Multiplier, and Volatility Adjustment Factor. - Choose the desired trade direction (Long, Short, Both). - Enable or disable the take profit mechanism and set the take profit percentages and amounts for each step. █ Default Settings The default settings of the strategy are designed to provide a balanced approach to trading. Below is an explanation of each setting and its effect on the strategy's performance: ATR Period (10): This setting determines the length of the ATR used in the SuperTrend calculation. A longer period smoothens the ATR, making the SuperTrend less sensitive to short-term volatility. A shorter period makes the SuperTrend more responsive to recent price movements. Vegas Window Length (100): This setting defines the period for the Vegas Channel's moving average. A longer window provides a broader view of the market trend, while a shorter window makes the channel more responsive to recent price changes. SuperTrend Multiplier (5): This base multiplier adjusts the sensitivity of the SuperTrend to the ATR. A higher multiplier makes the SuperTrend less sensitive, reducing the frequency of trade signals. A lower multiplier increases sensitivity, generating more signals. Volatility Adjustment Factor (5): This factor dynamically adjusts the SuperTrend multiplier based on the width of the Vegas Channel. A higher factor increases the sensitivity of the SuperTrend to changes in market volatility, while a lower factor reduces it. Take Profit Percentages (3.0%, 6.0%, 12.0%, 21.0%): These settings define the profit levels at which portions of the trade are exited. They help in locking in profits progressively as the trade moves in favor. Take Profit Amounts (25%, 20%, 10%, 15%): These settings determine the percentage of the position to exit at each take profit level. They are distributed to ensure that significant portions of the trade are closed as the price reaches the set levels, reducing exposure to reversals. Adjusting these settings can significantly impact the strategy's performance. For instance, increasing the ATR period or the SuperTrend multiplier can reduce the number of trades, potentially improving the win rate but also missing out on some profitable opportunities. Conversely, lowering these values can increase trade frequency, capturing more short-term movements but also increasing the risk of false signals.
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