Gann Planetary Lines█ OVERVIEW
Gann Planetary Lines is one of the most powerful Gann Tools that converts planetary longitude angles into price. This script can be used in many different ways, methods, and trading systems.
This Script allows you to Plot Mercury, Venus, Mars, Jupiter, Saturn, Uranus, Neptune, and Pluto. While also allowing you to select the planetary line mode "Heliocentric" or "Geocentric"
One more important feature about this script. It also allows you to plot in the harmonics of these planetary lines : "Wheel of 24" ,"Semi-Sextile", "Semi-Square", "Sextile", "Quintile", "Square", "Trine", and "Opposition "
And of course you will be able to select the color of each one of the planets when it comes to styling.
One more important thing to mention, Yes you will be able to select the $/° value so you can square these lines perfectly in your chart!
█ Future Plans and upgrades to this script may include :
1. Further lines into the futures.
2. An option to Enable and Disable the 0° vertical line when the planet transition from 360° to 0°
3. Labels around the planetary lines to distinguish between them not only by color by text as well.
And more! Feel free to contact me with any feature that you would like to see in this script
█ How to use :
First of all, select the appropriate $/° value.
Then select the planet you would like to use from the list in the script's option.
Select the mode of the planet, "Heliocentric" or "Geocentric"
Make sure to enable the planet by clicking on the check mark.
Then you will be able to see these planets on your chart.
Additionally, I have included an option to add the harmonics to your planetary lines!
Simply select the harmonics that you would like to have and give it 10 seconds and it should be in your chart.
This script is coded as an addon to the Gann ToolBox package/scripts.
Cari dalam skrip untuk "the script"
PRIME - Krypto Kiss+CCI+VPIntroducing from Prime Academy, the experimental "KryptO Kis$" algorithm, which combines our most powerful scripts all in one indicator. Available to the user are a full options platform to adjust parameters as well as individually blind indications for precise chart analysis. The following algorithms have been utilized:
* Prime Pulse (3 Candle System) - The original impulse and momentum indication system, it take rsi and tsi data to provide users with the indication of initial impulses, as well as a yellow candle to ascertain when there is a possible change of momentum in the current impulse.
* 5 SMA - The original Sniper Cross system seen from previous strategies, using the 4, 21, 50, 185, and 800 SMA's to determine changes of trend, continuation and support levels.
*CCI Indication on Chart - The system provides realtime CCI data in correlation to price positions within the general chart matrix, receiving system variables from various crosses on the 100 to -100 scale for CCI. Bullish and Bearish indications are clearly defined by separate colors.
* Volume Profile with tags - This system provides current volume data for the current time frame and sequence, also giving available tags at prices holding high volume orders, historically and present as indicated by the difference in length of indications. color saturations indicate the intensity of volume at the price in question .
* Shadow ZoneZ - Provides Support and resistance levels using rsi overbought and over sold data, sourced on the close of previous prices. Also embedded in the code is an additional volume confluence via indications of dotted lines with prices available, giving sequence positions of "Whales" and their support and resistance levels by order volume at price.
* An added bonus of the Shadow ZoneZ is the auto trend line and trend channel function , as well as the highlighted zones of liquidity waiting to be filled from previous impulses and lack of present retracements.
Any questions can be directed here on site via Direct Message. Any feedback is welcomed, and thank you in advance. Trade Well, Family!
- Dee Prime
//Disclaimer:
//Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
//The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice.
//You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script.
//In exchange for using the script, you agree not to hold the publishing TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script.
EMA TrendThe purpose of this script is to identify price trends based on EMAs. The relative position of price to specific EMAs and the position of certain EMAs towards each other are used to determine the trend direction. The script is intended for investors as a tool to define a basis for further evaluation. I do not use the script as a signal generator and would not recommend doing so without the help of additional indicators.
How to work with the script
The major (or long term) trend direction is determined by the 144 EMA much in the same way as the 200 MA is used in other systems. If the price is above the 144 EMA we are in a long term uptrend, below we are in a long term downtrend. This is to be taken with a grain of salt though. The 144 EMA is considerably shorter than the 200 SMA and is more prone to the price fluctuating around it during periods without a strong long term trend. I recommend using this as a confirmation for the short term trend.
The short term trend is derived from the position and slope of the price, the 21 EMA and the 55 EMA. If the price is above the 21 EMA, the 21 above the 55 EMA, both EMAs are sloping upwards and the distance between the two is increasing, we are talking about an uptrend (and vice versa for a downtrend). This is visualized by the color of the fill between the 144 EMA and close price. Green for uptrend, red for downtrend and no color for an undetermined trend.
The EMAs used are: 21 , 34 , 55 , 89 , 144 , 233 . Most of the EMAs are at 50 transparency to appear less dominant. For orientation, the 144 EMA is bright green to indicate its general importance for the trend determination, and the 55 EMAs is not transparent mainly to be able to identify positioning when the EMAs are close together.
Base time frame EMA
The 144 EMA is plotted twice where one is fixed to the daily time frame (can be configured) to be able to have the 144 on different timeframes during analysis. I find this very useful to keep the focus on my main time frame while analyzing trend on lower or higher time frames. This can also be turned off.
Configurability
This script is less configurable than I generally like with my other scripts. The reason is that the title attribute of the plots is not dynamic, and I use the data window often to get exact values from the script to determine buy targets for pullbacks and other things. Hence, I prefer not to have random names (or no names) in there to save mental capacity. If this ever becomes available, I'll gladly add this to this script. Till then, I encourage you to take the script and adjust it to your own needs. It should be simple enough even if you are just starting out in pine.
TradeChartist Donchian Channels Breakout Filter™TradeChartist Donchian Channels Breakout Filter is an elegant version of the classic Donchian Channels with few extra variations and option to filter breakouts based on user preferred Breakout price selection to generate Trade Entries.
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Features of ™TradeChartist Donchian Channels Breakout Filter
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Option to plot Donchian Channels of user preferred length, based on the Source price in addition to High/Low Donchian Channels.
Generates trade entries based on user preferred Breakout Price. For example, if the user prefers HL2 as breakout price, irrespective of the Donchian Channels type, trade entries are generated only when hl2 price (average of high/low) breaks out of the upper or lower band.
Option to plot background colour based on Breakout trend. The bull zones are filled with green background, the Bear zones are filled with red background and the bar that broke out is filled with orange background.
Option to colour price bars using Donchian Channels price trend. The Donchian Channels basis line is plotted using the same colours as coloured bars as default.
Alerts can be created for long and short entries using Once per Bar Close .
Note: This script does not repaint . To use the script for trade entries, wait for the bar close and use a second confirmator (includes fundamentals) based on asset type as some markets require users to have good pulse on the fundamentals as trading by Technicals/price action dynamic alone may not be safe.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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TradeChartist Visualizer ™TradeChartist Visualizer is a fully packed Trader's toolkit that helps decide Trade Entries and Exits based on Bollinger Bands and Donchian Channels breakouts and can be further exploited by the use of various visualizers and built in Filters like Ichimoku Cloud, 15 different Moving Averages, RSI, TradeChartist's original MA Visualizer and Automatic Levels Generator.
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Bollinger Bands is a classic indicator that uses a simple moving average of 20 periods, along with plots of upper and lower bands that are 2 standard deviations away from the basis line. These bands help visualize price volatility and trend based on where the price is, in relation to the bands.
Donchian Channels comprises of three plots - a upper band, a lower band and a mean line (or mid line of the channel). The upper band is based on highest high of N periods specified by the user and the lower band is based on the lowest low of N periods specified by the user. These channels help spot price breaching high or low of last N periods clearly, thereby aiding the trader to understand the price action of any security better on any given timeframe.
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╔═════ 𝗕𝗕 & 𝗗𝗼𝗻𝗰𝗵𝗶𝗮𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀 ═════╗
™TradeChartist Visualizer is based on the idea of Bollinger Bands and Donchian Channels Breakout model for generating Trade Entries. Visualizer uses the following three fundamental plot options from the settings that the user can choose from, to spot breakouts, support/resistance levels and the trading price range of the security.
1. Bollinger Bands
The 𝟏. 𝐁𝐨𝐥𝐥𝐢𝐧𝐠𝐞𝐫 𝐁𝐚𝐧𝐝𝐬 option plots the Bollinger Bands for the chart timeframe (default is 55 SMA with 1 standard Deviation). This can be changed by entering different values in BB Sᴛᴀɴᴅᴀʀᴅ Dᴇᴠɪᴀᴛɪᴏɴ and MA Lᴇɴɢᴛʜ ғᴏʀ BB/Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟs .
To use a different Moving Average for the Bollinger Bands Basis line, uncheck 𝐒𝐌𝐀 𝐁𝐁 𝐨𝐧𝐥𝐲 - 𝐔𝐧𝐜𝐡𝐞𝐜𝐤 𝐟𝐨𝐫 𝐧𝐨𝐧-𝐒𝐌𝐀 𝐁𝐁
The option is enabled as default as it keeps the SMA as standard. Unchecking this option and choosing a different moving average out of the 15 MAs in the dropdown, the plot changes significantly for each. Also a warning label will appear on screen if Standard Deviation more than 1 is used for non standard MA for Bollinger Bands, as the settings must be tested for non-standard Bollinger Bands before planning to trade with it.
2. True Donchian Channels
The 𝟐. 𝐓𝐫𝐮𝐞 𝐃𝐨𝐧𝐜𝐡𝐢𝐚𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬 option plots Donchian Channels by inspecting the lookback lengths for highest highs and lowest lows of the user specified periods, which can be changed in Uᴘᴘᴇʀ Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟ Lᴇɴɢᴛʜ and Lᴏᴡᴇʀ Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟ Lᴇɴɢᴛʜ user input boxes from Visualizer settings.
3. Donchian Channels - MA and Non-MA Source
The 𝟑. 𝐃𝐨𝐧𝐜𝐡𝐢𝐚𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬 - 𝐌𝐀/𝐍𝐨𝐧-𝐌𝐀 𝐒𝐨𝐮𝐫𝐜𝐞 option plots modified Donchian Channels based on highest high and lowest low of Moving Average or the Source using user specified periods, which can be changed in Uᴘᴘᴇʀ Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟ Lᴇɴɢᴛʜ , Lᴏᴡᴇʀ Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟ Lᴇɴɢᴛʜ , MA Lᴇɴɢᴛʜ ғᴏʀ BB/Dᴏɴᴄʜɪᴀɴ Cʜᴀɴɴᴇʟs choosing the source plot from Sᴏᴜʀᴄᴇ and MA Type from MA ᴛʏᴘᴇ - (ғᴏʀ ᴘʟᴏᴛs 1 & 3) . For Donchian Channels plot of Non-MA Source, choose Use Source from MA ᴛʏᴘᴇ - (ғᴏʀ ᴘʟᴏᴛs 1 & 3) dropdown.
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╔═════════ 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 ═════════╗
MA Visualizer is a powerful and very useful original visual method to plot Moving Averages of the close price of the security for user specified look back period in a visually appealing style in the form of colour coded bands. MA Visualizer not only helps the trader spot the price action of the security relative to the moving average, but also paints a visual picture of the trend strength, which must be seen and used on chart to appreciate its elegance.
Activate 𝗠𝗔 𝗩𝗶𝘀𝘂𝗮𝗹𝗶𝘇𝗲𝗿 and choose the MA type from MA Vɪsᴜᴀʟɪᴢᴇʀ Tʏᴘᴇ dropdown and entering the lookback period in MA Vɪsᴜᴀʟɪᴢᴇʀ ᴘᴇʀɪᴏᴅ input box. MA Visualizer colour theme can be be changed from MA Vɪsᴜᴀʟɪᴢᴇʀ Cᴏʟᴏʀ Sᴄʜᴇᴍᴇ dropdown.
The faster of the two set of bands that form the MA Visualizer reacts to price action faster and can be clearly seen from its change of colour from Bull Colour to Bear Colour or viceversa earlier than the slower set of bands. The fill colour between the bands also helps the user stay in a trade or exit a trade based on other confirmators or filters included in ™TradeChartist Visualizer .
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╔═══════ 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗮𝗻𝗱 𝗙𝗶𝗹𝘁𝗲𝗿𝘀 ═══════╗
𝗦𝗶𝗴𝗻𝗮𝗹𝘀
Trade Signals can be enabled along with use of various filters from this heading in Visualizer settings. To plot Trade entry markers on chart when a trade signal is generated, enable 𝐁𝐁/𝐃𝐨𝐧𝐜𝐡𝐢𝐚𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬 𝐁𝐫𝐞𝐚𝐤𝐨𝐮𝐭 𝐒𝐢𝐠𝐧𝐚𝐥𝐬.
The script automatically detects the breakouts based on user specified settings under 𝗕𝗕 & 𝗗𝗼𝗻𝗰𝗵𝗶𝗮𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀. Trade Entries are plotted on the real-time breakout candle, so it is recommended to wait for bar close before taking a position in the direction of the breakout.
𝗙𝗶𝗹𝘁𝗲𝗿𝘀
Various Filters can be used from this heading to reduce noise and help make the trade decision more effective and eliminates unproductive trades when the price is ranging or during sideways movement.
To use Filters, enable 𝐔𝐬𝐞 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐥𝐭𝐞𝐫 and choose the Filters from under Tʀᴀᴅᴇ Fɪʟᴛᴇʀ 1 and Tʀᴀᴅᴇ Fɪʟᴛᴇʀ 2 . If --- is chosen, no filter will be used. Trade filter parameters can be changed from under 𝗙𝗶𝗹𝘁𝗲𝗿 𝗣𝗮𝗿𝗮𝗺𝗲𝘁𝗲𝗿𝘀 section of Visualizer settings. The two trade filter dropdowns enable traders to use upto 2 filters from the following.
══> MA filter - This filters entries after a breakout only if the close price had breached the MA price. Filter MA is based on the same settings as MA Visualizer. This MA used for Filter can also be plotted by enabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐌𝐀 𝐅𝐢𝐥𝐭𝐞𝐫 (𝐌𝐀 𝐕𝐢𝐬𝐮𝐚𝐥𝐢𝐳𝐞𝐫 𝐒𝐞𝐭𝐭𝐢𝐧𝐠𝐬). To view this MA plot clearly, disable MA Visualizer.
══> MA Visualizer filter - This filters entries after a breakout only if both set of MA Visualizer bands had turned into same colour (either Bull or Bear Colour) agreeing with the direction of the breakout.
══> RSI filter - This filters entries after a breakout only if the RSI had crossed above RSI - Lᴏɴɢ Eɴᴛʀʏ Fɪʟᴛᴇʀ for Longs or if RSI had crossed below RSI - Sʜᴏʀᴛ Eɴᴛʀʏ Fɪʟᴛᴇʀ .
══> Kumo Breakout filter - This filters entries after a breakout only if price had closed above or below the Kumo of the Ichimoku Cloud in the direction of the breakout.
══> Price crossing Kijun Sen - This filters entries after a breakout only if close price had crossed Kijun Sen or the Ichimoku Base Line in the direction of the breakout.
To visualize the Kumo Breakout or Price crossing Kijun Sen, Ichimoku Cloud can be plotted on chart by enabling 𝐃𝐢𝐬𝐩𝐥𝐚𝐲 𝐈𝐜𝐡𝐢𝐦𝐨𝐤𝐮 𝐂𝐥𝐨𝐮𝐝 from 𝗙𝗶𝗹𝘁𝗲𝗿 𝗣𝗮𝗿𝗮𝗺𝗲𝘁𝗲𝗿𝘀 section of Visualizer settings.
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╔═══ 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗰 𝗟𝗲𝘃𝗲𝗹𝘀 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗼𝗿 ════╗
Enabling 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗰 𝗟𝗲𝘃𝗲𝗹𝘀 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗼𝗿 plots support and resistance levels automatically without any input from the user other than preferred levels plot from the indicator settings namely,
Plot Local Levels for Lower TF - Plots all important Support/Resistance levels for mostly smaller time frames (can be used for up to 1hr in most cases). Recommended for Scalping/Swing Trading mostly dependent on volatility.
Plot Local Levels for Higher TF - Plots all important Support/Resistance levels inferred from mostly time frames - Short to Mid term outlook.
Use Trading View Data Window to make effective use of the levels.
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╔═════════ 𝗨𝘀𝗲𝗳𝘂𝗹 𝗘𝘅𝘁𝗿𝗮𝘀 ═════════╗
Volatility exhaustion is detected by the script and plots $ on bar highs for Long Trades and bar lows for Short Trades if Tᴀᴋᴇ Pʀᴏғɪᴛ Bᴀʀs is enabled.
Candles/Bars can be colored with Price action trend strength by enabling Vɪsᴜᴀʟɪᴢᴇʀ Cᴏʟᴏʀ Bᴀʀs and by choosing one of two themes from Bᴀʀ Cᴏʟᴏʀ Sᴄʜᴇᴍᴇ . Bar colors can also be inverted using Iɴᴠᴇʀᴛ Bᴀʀ Cᴏʟᴏʀs option.
To paint the background of the chart to spot trade zones, enable Tʀᴀᴅᴇ Zᴏɴᴇs Bᴀᴄᴋɢʀᴏᴜɴᴅ Fɪʟʟ .
Alerts
Alerts can be created for Long and Short entries by using Once Per Bar Close as Alert Frequency. Entries are generated on Real time bars based on Breakout and filter conditions. It is recommended to wait for bar close before taking a position based on Visualizer Trade Entries.
The indicator does not repaint and can be confidently used for alerts and trade entries without worrying about signals disappearing.
™TradeChartist Visualizer can also be connected to ™TradeChartist Plug and Trade to generate entries along with Targets, Stop Loss plots etc. Target and Stop Loss alerts can be created using Plug and Trade's Alerts system.
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There are several combinations of settings that can be tested on the security traded based on timeframe and risk/reward expectations. The indicator can be used for trade entries with filter combinations or can be used as standalone Visualizer for trend confirmations, levels etc. Following are a few examples using the Visualizer.
Example Charts
1. ETH-USDT 1hr chart using Bollinger Bands (55/1, SMA) with 89 period Hull MA as MA Visualizer filter for BB Entries.
2. AAPL 1hr chart using 34 period Donchian Channels with 89 period Zero-Lag EMA as MA Visualizer filter for Entries.
3.EUR-USD 1hr chart using 34 period Donchian Channels with 89 period TEMA as MA Visualizer Filter for Entries.
4. XBT Daily chart using 9/21 Donchian Channels with Kumo Breakout Filter and 34 period Hull MA Visualizer Filter for Entries connected to Plug and Trade.
5. LINK-USDT 1hr chart using 34 period Donchian Channels with 55 period LSMA MA Visualizer Filter for Entries with Ichimoku Cloud Plot.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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TradeChartist TrendRider ™TradeChartist TrendRider is an exceptionally beautiful and a functional indicator that does exactly what it says on the tin. The indicator rides the trend based on Momentum, Volatility, detecting critical zones of Support and Resistance along the way, which helps the indicator find the right trend to ride, plotting Trend Markers and Trade Signals based on only one piece of User input - TrendRider Type (Aggressive, Normal or Laid Back).
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What does ™TradeChartist TrendRider do?
™TradeChartist TrendRider dynamically calculates Support and Resistance levels when riding a trend and uses these levels for confirmation on breach or fail (on a candle close), before reversing from the current trend it is riding. The change of trend is signalled using Bᴜʟʟs or Bᴇᴀʀs labels which are plotted upon confirmation of the Trend.
TrendRider plots Bull and Bear Trend Markers on chart, which helps the user get a visual confirmation of the Trend.
TrendRider also plots $ signs to show Take Profit Bars and also paints Trend strength on price bars based on the Color Scheme, if these options are enabled from the indicator settings.
The above features can be clearly seen on the 1 hr chart of GBP-USD below.
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How to create Alerts for ™TradeChartist TrendRider Long and Short Entries?
Alerts can be created for Long or Short entries using Once Per Bar as Bᴜʟʟs or Bᴇᴀʀs labels appear only on confirmation after bar close.
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Does the indicator include Stop Loss and Take Profit plots?
This script doesn't have Stop Loss and Take Profit plots, but it can be connected to ™TradeChartist Plug and Trade as Oscillatory signal (" TrendRider Signal ") to generate Automatic Targets, set StopLoss and Take Profit plots and to create all types of alerts too. The 4hr chart of ICX-BTC below shows TrendRider connected to ™TradeChartist Plug and Trade.
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Does this indicator repaint?
No. This script doesn't repaint as it confirms its signals only after close above/below TrendRider's dynamic level and also uses security function to call higher time-frame values in the right way to avoid repainting. This can be verified using Bar Replay to check if the plots and fills stay in the same bar in real time as the Bar Replay.
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Example charts using TrendRider
Daily chart of BTC-USD
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15m chart of SPX
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1hr chart of ADA-USDT
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15m chart of XAU-USD
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4hr chart of Dow Jones Industrial Average
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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TradeChartist MTF Supertrend Pro™TradeChartist MTF SuperTrend Pro is the Multi Time-Frame version (using timeframe multiplier) of classic Volatility Stop or SuperTrend (Stop and Reverse indicator using multiple of Average True Range of lookback period trailing behind the price acting as both trend reversal signifier and StopLoss trigger at the same time ).
What does ™TradeChartist MTF SuperTrend Pro include?
Multi Time-Frame option using Time-Frame Multiplier to plot Higher Time Frame SuperTrend plot on Lower Time-Frame chart.
Auto-fibs - 2 types (1. Retracement from last significant high/low to previous significant low/high, 2. Retracement from Current High/Low to previous significant Low/High).
Trend identifying color bars.
Trend identifying Background colour.
Option to detect bars where Profit Taking is recommended using $ sign.
How to create Alerts for ™TradeChartist MTF SuperTrend Pro Long and Short Entries?
Alerts can be created for Long or Short entries using Once Per Bar as BUY and SELL labels appear with entries only on confirmation after bar close.
Does the indicator include Stop Loss and Take Profit plots?
This script doesn't have Stop Loss and Take Profit plots, but it can be connected to TradeChartist Plug and Trade as Non-Oscillatory signal to generate Automatic Targets, user set StopLoss and Take Profit plots and to create all types of alerts too.
Does this indicator repaint?
No. This script doesn't repaint as it confirms its signals only after close above/below SuperTrend plot and also uses security function to call higher time-frame values in the right way to avoid repainting. This can be verified using Bar Replay to check if the plots and fills stay in the same bar in real time as the Bar Replay.
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Tip 1: Using 1.618 as Timeframe Multiplier results in lucrative trades on most timeframes with ATR multiplier 1.618, 2.618 or 3.618. (Best Practice: Test with various values first on asset using Paper Trades before trading with real money)
Tip 2: Using bars, candles with no borders or Hollow Candles results in clear trend spotting with Bar color option enabled in settings.
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Chart below shows Performance of MTF SuperTrend Pro connected to Plug and Trade using Default settings.
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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TradeChartist PowerTracer™TradeChartist PowerTracer is an exceptionally well designed and functional indicator, requiring minimal user input to trace the asset's Bull and Bear Power. The indicator makes it visually engaging with its various color schemes and intelligent positioning of the PowerTracer Bar, tracking not just the current trend, but also the developing trend using a visually easy to understand Power plots.
What does ™TradeChartist PowerTracer do?
1. Tracks Bull and Bear Power and plots the information visually on chart using one of the following 3 Power plot options based on high or low power detection sensitivity.
𝗣𝗼𝘄𝗲𝗿𝗧𝗿𝗮𝗰𝗲𝗿 - Plot of the Bull and Bear Power Oscillator, pivotal to this script that tracks the true Bull and Bear Power along with Bull/Bear oscillator reading, calculated dynamically using a unique and original formula. Values beyond 50 and -50 are quite rare, but theoretically, they can go beyond 80 and -80. 𝗣𝗼𝘄𝗲𝗿𝗧𝗿𝗮𝗰𝗲𝗿's highs and lows are also tracked and updated real-time using labels placed exactly at the Highs and Lows with their readings.
Bar-wise Power Holder - Absolute Bull and Bear power of each bar. It is plotted by calculating the difference between Bull and Bear Power or each bar. The values can swing between -100 and +100 even though values above 90 and below 90 are rare. The bar color on the chart will be painted using this value to visually display the Bull/Bear strength if "Paint Bars on Chart" is enabled from the indicator settings.
Bar-wise Power Fight - Plot of Maximum Bull and Bear Power of every bar that helps visualize the fight between Bulls and Bears in each bar.
2. Visually displays the Balance of Power between the Bulls and the Bears using Opponent Power Gain background fill when it is 50% or over. For example, if the current PowerTracer plot is a Bull zone, enabling this setting with Opponent Power Gain % set at 75, will paint the background when Bear Power increases beyond 75% using the Bear Power Intensity fill based on Color Scheme the user opts from the settings. This option can be enabled or disabled from settings and the Opponent Power gain % (minimum 50%) can also be adjusted to spot the change in price trend early on.
3. Uses an accompanying 𝗣𝗼𝘄𝗲𝗿𝗧𝗿𝗮𝗰𝗲𝗿 bar that helps spot the true bull and bear power using simple linear blocks, displaying the power level using power intensity colors based on the color scheme.
4. Paints price bars and PowerTracer background using Power intensity colors based on Color Scheme from the indicator settings, which helps spot the increase or decrease in Bull and Bear Power.
5. Inverts bar colors, background fill and PowerTracer bar color to help see price using the Opponent's Point of View.
What markets can this indicator be used on?
-- Forex
-- Stocks - works best with 4hr or above and prices calculated taking gaps into account.
-- Commodities
-- Cryptocurrencies
and almost any asset on Trading View
What time-frames can this indicator be used on?
This indicator can be used on all timeframes. If the asset has very little volume/volatility or is far low in comparative value against the base currency, power detection can be choppy, but with most assets, this won't be an issue.
Does this indicator repaint?
-- No. Real-time Power plots can change colors and values based on current bar close as values get calculated dynamically. Once the bar closes, plots and power intensity colors don't repaint.
-- This can be verified using Bar Replay to check if the plots and fills stay in the same bar in real time as the Bar Replay
Does the indicator send alerts when the power shifts from Bull to Bear or from Bear to Bull?
Yes. Users can get alerts when Power gets shifted using Trading View alerts. This can be done by choosing '™TradeChartist PowerTracer' and 'Powershift to Bulls' or 'Powershift to Bears' under Trading View Alert condition and by using 'Once per bar close' as user needs to wait for candle close for Power shift confirmation.
Example Charts
In this split screen chart of Bitcoin, it can be seen how the 30m chart on left is Bearish and 5m chart on right is Bullish based on Power changes. The trend can be spotted on PowerTracer by spotting the Opponent's background fill that started showing when Opponent's power gained by over 75%. This is a good example using the script for scalping/swing trading using 2 timeframes. Note that the chart on the left shows Price bars and PowerTracer bar with inverted colors to show Opponent's point of view.
In this 15m chart of GBP-USD, 100% Power gain for Entries and Exits is used. This is a more conservative approach and is suited for less aggressive traders based on complete change of trend.
In this 2hr chart of Ethereum, all 3 Power plots are used to identify the trend using low sensitivity using 100% Power Gain entries and this shows how a trade can be held longer to maximise gains using entries with Power shift confirmations.
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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TFi Double Stochastic StudyThe Study script uses Stochastic indicators for entry and exit a position.
The entry and exit points are visualized in the chart via green arrows and crosses; the position follows the exact behavior of the strategy script.
The study also creates alerts, which follow the exact position of the entry/exit markers.
How to use
The Study works with most timeframes and instruments.
I'm also providing a "strategy" version of this Study, which can be used to backtest the strategy.
List of parameters
"Stochastic Length" ... Number of bars for Stochastic indicators
"Stochastic Overbought" ... Stochastic overbought level
"Stochastic Overbought Down Trend" ... Stochastic overbought level for down trends
"Stochastic Oversold Up Trend" ... Stochastic oversold level for up trends
"Stochastic Oversold" ... Stochastic oversold level
"Stochastic Smooth K" ... Stochastic K smoothing
"Stochastic Smooth D" ... Stochastic D smoothing
"Stochastic Confirmed" ... Enable to confirm the indicator value within the current bar
"MA Filter Enabled" ... Enable an additional filter for entering a position; the entries only follow the overall trend
"MA Fast Period" ... Fast filter period
"MA Slow Period" ... Slow filter period
List of alerts
Entry Long' ... Enter long position
'Entry Short' ... Enter short position
'Exit Long/Short' ... Exit long/short position
How to access
This Study is a "Invite Only" script. Please use the link below or send me a message via Tradingview to obtain access to the strategy and study script.
For enabling the script in your Tradingview chart window, click on "Indicators" and select "Invite-Only Scripts".
TFs Double Stochastic StrategyThe Strategy script uses Stochastic indicators for entering and exiting a position.
How to use
The strategy works with most timeframes and instruments.
I'm also providing a "study" version of this script, which can be used for automation of the strategy via alerts.
The script is using a default commission of 0.075% which reflects Bitmex' Taker-Fees. This is just a default and can be modified in the strategy settings for each instrument individually.
List of parameters
"Stochastic Length" ... Number of bars for Stochastic indicators
"Stochastic Overbought" ... Stochastic overbought level
"Stochastic Overbought Down Trend" ... Stochastic overbought level for down trends
"Stochastic Oversold Up Trend" ... Stochastic oversold level for up trends
"Stochastic Oversold" ... Stochastic oversold level
"Stochastic Smooth K" ... Stochastic K smoothing
"Stochastic Smooth D" ... Stochastic D smoothing
"MA Filter Enabled" ... Enable an additional filter for entering a position; the entries only follow the overall trend
"Fast Period" ... Fast filter period
"Slow Period" ... Slow filter period
"Backtest ..." ... Backtest timeframe; area outside this timeframe will be grayed out
How to access
This strategy is a "Invite Only" script. Please use the link below or send me a message via Tradingview to obtain access to the strategy and study script.
For enabling the script in your Tradingview chart window, click on "Indicators" and select "Invite-Only Scripts".
888 BOT #backtest█ 888 BOT #backtest
This is an Expert Advisor 'EA' or Automated trading script for ‘longs’ and ‘shorts’, which uses only a Take Profit or, in the worst case, a Stop Loss to close the trade.
It's a much improved version of the previous ‘Repanocha’. It doesn`t use 'Trailing Stop' or 'security()' functions (although using a security function doesn`t mean that the script repaints) and all signals are confirmed, therefore the script doesn`t repaint in alert mode and is accurate in backtest mode.
Apart from the previous indicators, some more and other functions have been added for Stop-Loss, re-entry and leverage.
It uses 8 indicators, (many of you already know what they are, but in case there is someone new), these are the following:
1. Jurik Moving Average
It's a moving average created by Mark Jurik for professionals which eliminates the 'lag' or delay of the signal. It's better than other moving averages like EMA, DEMA, AMA or T3.
There are two ways to decrease noise using JMA. Increasing the 'LENGTH' parameter will cause JMA to move more slowly and therefore reduce noise at the expense of adding 'lag'
The 'JMA LENGTH', 'PHASE' and 'POWER' parameters offer a way to select the optimal balance between 'lag' and over boost.
Green: Bullish, Red: Bearish.
2. Range filter
Created by Donovan Wall, its function is to filter or eliminate noise and to better determine the price trend in the short term.
First, a uniform average price range 'SAMPLING PERIOD' is calculated for the filter base and multiplied by a specific quantity 'RANGE MULTIPLIER'.
The filter is then calculated by adjusting price movements that do not exceed the specified range.
Finally, the target ranges are plotted to show the prices that will trigger the filter movement.
Green: Bullish, Red: Bearish.
3. Average Directional Index (ADX Classic) and (ADX Masanakamura)
It's an indicator designed by Welles Wilder to measure the strength and direction of the market trend. The price movement is strong when the ADX has a positive slope and is above a certain minimum level 'ADX THRESHOLD' and for a given period 'ADX LENGTH'.
The green color of the bars indicates that the trend is bullish and that the ADX is above the level established by the threshold.
The red color of the bars indicates that the trend is down and that the ADX is above the threshold level.
The orange color of the bars indicates that the price is not strong and will surely lateralize.
You can choose between the classic option and the one created by a certain 'Masanakamura'. The main difference between the two is that in the first it uses RMA () and in the second SMA () in its calculation.
4. Parabolic SAR
This indicator, also created by Welles Wilder, places points that help define a trend. The Parabolic SAR can follow the price above or below, the peculiarity that it offers is that when the price touches the indicator, it jumps to the other side of the price (if the Parabolic SAR was below the price it jumps up and vice versa) to a distance predetermined by the indicator. At this time the indicator continues to follow the price, reducing the distance with each candle until it is finally touched again by the price and the process starts again. This procedure explains the name of the indicator: the Parabolic SAR follows the price generating a characteristic parabolic shape, when the price touches it, stops and turns (SAR is the acronym for 'stop and reverse'), giving rise to a new cycle. When the points are below the price, the trend is up, while the points above the price indicate a downward trend.
5. RSI with Volume
This indicator was created by LazyBear from the popular RSI.
The RSI is an oscillator-type indicator used in technical analysis and also created by Welles Wilder that shows the strength of the price by comparing individual movements up or down in successive closing prices.
LazyBear added a volume parameter that makes it more accurate to the market movement.
A good way to use RSI is by considering the 50 'RSI CENTER LINE' centerline. When the oscillator is above, the trend is bullish and when it is below, the trend is bearish.
6. Moving Average Convergence Divergence (MACD) and (MAC-Z)
It was created by Gerald Appel. Subsequently, the histogram was added to anticipate the crossing of MA. Broadly speaking, we can say that the MACD is an oscillator consisting of two moving averages that rotate around the zero line. The MACD line is the difference between a short moving average 'MACD FAST MA LENGTH' and a long moving average 'MACD SLOW MA LENGTH'. It's an indicator that allows us to have a reference on the trend of the asset on which it is operating, thus generating market entry and exit signals.
We can talk about a bull market when the MACD histogram is above the zero line, along with the signal line, while we are talking about a bear market when the MACD histogram is below the zero line.
There is the option of using the MAC-Z indicator created by LazyBear, which according to its author is more effective, by using the parameter VWAP (volume weighted average price) 'Z-VWAP LENGTH' together with a standard deviation 'STDEV LENGTH' in its calculation.
7. Volume Condition
Volume indicates the number of participants in this war between bulls and bears, the more volume the more likely the price will move in favor of the trend. A low trading volume indicates a lower number of participants and interest in the instrument in question. Low volumes may reveal weakness behind a price movement.
With this condition, those signals whose volume is less than the volume SMA for a period 'SMA VOLUME LENGTH' multiplied by a factor 'VOLUME FACTOR' are filtered. In addition, it determines the leverage used, the more volume, the more participants, the more probability that the price will move in our favor, that is, we can use more leverage. The leverage in this script is determined by how many times the volume is above the SMA line.
The maximum leverage is 8.
8. Bollinger Bands
This indicator was created by John Bollinger and consists of three bands that are drawn superimposed on the price evolution graph.
The central band is a moving average, normally a simple moving average calculated with 20 periods is used. ('BB LENGTH' Number of periods of the moving average)
The upper band is calculated by adding the value of the simple moving average X times the standard deviation of the moving average. ('BB MULTIPLIER' Number of times the standard deviation of the moving average)
The lower band is calculated by subtracting the simple moving average X times the standard deviation of the moving average.
the band between the upper and lower bands contains, statistically, almost 90% of the possible price variations, which means that any movement of the price outside the bands has special relevance.
In practical terms, Bollinger bands behave as if they were an elastic band so that, if the price touches them, it has a high probability of bouncing.
Sometimes, after the entry order is filled, the price is returned to the opposite side. If price touch the Bollinger band in the same previous conditions, another order is filled in the same direction of the position to improve the average entry price, (% MINIMUM BETTER PRICE ': Minimum price for the re-entry to be executed and that is better than the price of the previous position in a given %) in this way we give the trade a chance that the Take Profit is executed before. The downside is that the position is doubled in size. 'ACTIVATE DIVIDE TP': Divide the size of the TP in half. More probability of the trade closing but less profit.
█ STOP LOSS and RISK MANAGEMENT.
A good risk management is what can make your equity go up or be liquidated.
The % risk is the percentage of our capital that we are willing to lose by operation. This is recommended to be between 1-5%.
% Risk: (% Stop Loss x % Equity per trade x Leverage) / 100
First the strategy is calculated with Stop Loss, then the risk per operation is determined and from there, the amount per operation is calculated and not vice versa.
In this script you can use a normal Stop Loss or one according to the ATR. Also activate the option to trigger it earlier if the risk percentage is reached. '% RISK ALLOWED'
'STOP LOSS CONFIRMED': The Stop Loss is only activated if the closing of the previous bar is in the loss limit condition. It's useful to prevent the SL from triggering when they do a ‘pump’ to sweep Stops and then return the price to the previous state.
█ BACKTEST
The objective of the Backtest is to evaluate the effectiveness of our strategy. A good Backtest is determined by some parameters such as:
- RECOVERY FACTOR: It consists of dividing the 'net profit' by the 'drawdown’. An excellent trading system has a recovery factor of 10 or more; that is, it generates 10 times more net profit than drawdown.
- PROFIT FACTOR: The ‘Profit Factor’ is another popular measure of system performance. It's as simple as dividing what win trades earn by what loser trades lose. If the strategy is profitable then by definition the 'Profit Factor' is going to be greater than 1. Strategies that are not profitable produce profit factors less than one. A good system has a profit factor of 2 or more. The good thing about the ‘Profit Factor’ is that it tells us what we are going to earn for each dollar we lose. A profit factor of 2.5 tells us that for every dollar we lose operating we will earn 2.5.
- SHARPE: (Return system - Return without risk) / Deviation of returns.
When the variations of gains and losses are very high, the deviation is very high and that leads to a very poor ‘Sharpe’ ratio. If the operations are very close to the average (little deviation) the result is a fairly high 'Sharpe' ratio. If a strategy has a 'Sharpe' ratio greater than 1 it is a good strategy. If it has a 'Sharpe' ratio greater than 2, it is excellent. If it has a ‘Sharpe’ ratio less than 1 then we don't know if it is good or bad, we have to look at other parameters.
- MATHEMATICAL EXPECTATION: (% winning trades X average profit) + (% losing trades X average loss).
To earn money with a Trading system, it is not necessary to win all the operations, what is really important is the final result of the operation. A Trading system has to have positive mathematical expectation as is the case with this script: ME = (0.87 x 30.74$) - (0.13 x 56.16$) = (26.74 - 7.30) = 19.44$ > 0
The game of roulette, for example, has negative mathematical expectation for the player, it can have positive winning streaks, but in the long term, if you continue playing you will end up losing, and casinos know this very well.
PARAMETERS
'BACKTEST DAYS': Number of days back of historical data for the calculation of the Backtest.
'ENTRY TYPE': For '% EQUITY' if you have $ 10,000 of capital and select 7.5%, for example, your entry would be $ 750 without leverage. If you select CONTRACTS for the 'BTCUSDT' pair, for example, it would be the amount in 'Bitcoins' and if you select 'CASH' it would be the amount in $ dollars.
'QUANTITY (LEVERAGE 1X)': The amount for an entry with X1 leverage according to the previous section.
'MAXIMUM LEVERAGE': It's the maximum allowed multiplier of the quantity entered in the previous section according to the volume condition.
The settings are for Bitcoin at Binance Futures (BTC: USDTPERP) in 30 minutes.
For other pairs and other timeframes, the settings have to be adjusted again. And within a month, the settings will be different because we all know the market and the trend are changing.
█ 888 BOT (SPANISH)
Este es un Expert Advisor 'EA' o script de trading automatizado para ‘longs’ y ‘shorts’, el cual, utiliza solo un Take Profit o, en el peor de los casos, un Stop Loss para cerrar el trade.
Es una versión muy mejorada del anterior ‘Repanocha’. No utiliza ‘Trailing Stop’, ni funciones ‘security()’ (aunque usar una función security no significa que el script repinte) y todas las señales son confirmadas, por consiguiente, el script no repinta en modo alertas y es preciso en en el modo backtest.
Aparte de los anteriores indicadores se han añadido algunos más y otras funciones para Stop-Loss, de re-entrada y apalancamiento.
Utiliza 8 indicadores, (muchos ya sabéis sobradamente lo que son, pero por si hay alguien nuevo), son los siguientes:
1. Jurik Moving Average
Es una media móvil creada por Mark Jurik para profesionales la cual elimina el ‘lag’ o retardo de la señal. Es mejor que otras medias móviles como la EMA, DEMA, AMA o T3.
Hay dos formas de disminuir el ruido utilizando JMA. El aumento del parámetro 'LENGTH' hará que JMA se mueva más lentamente y, por lo tanto, reducirá el ruido a expensas de añadir ‘lag’
Los parámetros 'JMA LENGTH', 'PHASE' y 'POWER' ofrecen una forma de seleccionar el equilibrio óptimo entre ‘lag’ y sobre impulso.
Verde : Alcista, Rojo: Bajista.
2. Range filter
Creado por Donovan Wall, su función es la de filtrar o eliminar el ruido y poder determinar mejor la tendencia del precio a corto plazo.
Primero, se calcula un rango de precio promedio uniforme 'SAMPLING PERIOD' para la base del filtro y se multiplica por una cantidad específica 'RANGE MULTIPLIER'.
A continuación, el filtro se calcula ajustando los movimientos de precios que no exceden el rango especificado.
Por último, los rangos objetivo se trazan para mostrar los precios que activarán el movimiento del filtro.
Verde : Alcista, Rojo: Bajista.
3. Average Directional Index (ADX Classic) y (ADX Masanakamura)
Es un indicador diseñado por Welles Wilder para medir la fuerza y dirección de la tendencia del mercado. El movimiento del precio tiene fuerza cuando el ADX tiene pendiente positiva y está por encima de cierto nivel mínimo 'ADX THRESHOLD' y para un periodo dado 'ADX LENGTH'.
El color verde de las barras indica que la tendencia es alcista y que el ADX está por encima del nivel establecido por el threshold.
El color Rojo de las barras indica que la tendencia es bajista y que el ADX está por encima del nivel de threshold.
El color naranja de las barras indica que el precio no tiene fuerza y seguramente lateralizará.
Se puede elegir entre la opción clásica y la creada por un tal 'Masanakamura'. La diferencia principal entre los dos es que en el primero utiliza RMA() y en el segundo SMA() en su cálculo.
4. Parabolic SAR
Este indicador, creado también por Welles Wilder, coloca puntos que ayudan a definir una tendencia. El Parabolic SAR puede seguir al precio por encima o por debajo, la particularidad que ofrece es que cuando el precio toca al indicador, este salta al otro lado del precio (si el Parabolic SAR estaba por debajo del precio salta arriba y viceversa) a una distancia predeterminada por el indicador. En este momento el indicador vuelve a seguir al precio, reduciendo la distancia con cada vela hasta que finalmente es tocado otra vez por el precio y se vuelve a iniciar el proceso. Este procedimiento explica el nombre del indicador: el Parabolic SAR va siguiendo al precio generando una característica forma parabólica, cuando el precio lo toca, se para y da la vuelta (SAR son las siglas en inglés de ‘stop and reverse’), dando lugar a un nuevo ciclo. Cuando los puntos están por debajo del precio, la tendencia es alcista, mientras que los puntos por encima del precio indica una tendencia bajista.
5. RSI with Volume
Este indicador lo creo un tal LazyBear de TV a partir del popular RSI.
El RSI es un indicador tipo oscilador utilizado en análisis técnico y creado también por Welles Wilder que muestra la fuerza del precio mediante la comparación de los movimientos individuales al alza o a la baja de los sucesivos precios de cierre.
LazyBear le añadió un parámetro de volumen que lo hace más preciso al movimiento del mercado.
Una buena forma de usar el RSI es teniendo en cuenta la línea central de 50 'RSI CENTER LINE'. Cuando el oscilador está por encima, la tendencia es alcista y cuando está por debajo la tendencia es bajista.
6. Moving Average Convergence Divergence (MACD) y (MAC-Z)
Fue creado por Gerald Appel. Posteriormente se añadió el histograma para anticipar el cruce de medias. A grandes rasgos podemos decir que el MACD es un oscilador consistente en dos medias móviles que van girando en torno a la línea de cero. La línea del MACD no es más que la diferencia entre una media móvil corta 'MACD FAST MA LENGTH' y una media móvil larga 'MACD SLOW MA LENGTH'. Es un indicador que nos permite tener una referencia sobre la tendencia del activo sobre el cual se está operando, generando de este modo señales de entrada y salida del mercado.
Podemos hablar de mercado alcista cuando el histograma del MACD se sitúe por encima de la línea cero, junto con la línea de señal, mientras que hablaremos de mercado bajista cuando el histograma MACD se situará por debajo de la línea cero.
Está la opción de utilizar el indicador MAC-Z creado por LazyBear que según su autor es más eficaz, por utilizar el parámetro VWAP (precio medio ponderado por volumen) 'Z-VWAP LENGTH' junto con una desviación standard 'STDEV LENGTH' en su cálculo.
7. Volume Condition
El volumen indica el número de participantes en esta guerra entre toros y osos, cuanto más volumen más probabilidad de que se mueva el precio a favor de la tendencia. Un volumen bajo de negociación indica un menor número de participantes e interés por el instrumento en cuestión. Los bajos volúmenes pueden revelar debilidad detrás de un movimiento de precios.
Con esta condición se filtran aquellas señales cuyo volumen es inferior a la SMA de volumen para un periodo 'SMA VOLUME LENGTH' multiplicado por un factor 'VOLUME FACTOR'. Además, determina el apalancamiento utilizado, a más volumen, más participantes, más probabilidad de que se mueva el precio a nuestro favor, es decir, podemos utilizar más apalancamiento. El apalancamiento en este script lo determina las veces que está el volumen por encima de la línea de la SMA.
El apalancamiento máximo es de 8.
8. Bollinger Bands
Este indicador fue creado por John Bollinger y consiste en tres bandas que se dibujan superpuestas al gráfico de evolución del precio.
La banda central es una media móvil, normalmente se emplea una media móvil simple calculada con 20 períodos. ('BB LENGTH' Número de periodos de la media móvil)
La banda superior se calcula sumando al valor de la media móvil simple X veces la desviación típica de la media móvil. ('BB MULTIPLIER' Número de veces la desviación típica de la media móvil)
La banda inferior de calcula restando a la media móvil simple X veces la desviación típica de la media móvil.
la franja comprendida entre las bandas superior e inferior contiene, estadísticamente, casi un 90% de las posibles variaciones del precio, lo que significa que cualquier movimiento del precio fuera de las bandas tiene especial relevancia.
En términos prácticos, las bandas de Bollinger se comporta como si de una banda elástica se tratara de manera que, si el precio las toca, éste tiene mucha probabilidad de rebotar.
En ocasiones, después de rellenarse la orden de entrada, el precio se devuelve hacia el lado contrario. Si toca la banda de Bollinger se rellena otra orden en la misma dirección de la posición para mejorar el precio medio de entrada, (% MINIMUM BETTER PRICE': Precio mínimo para que se ejecute la re-entrada y que sea mejor que el precio de la posición anterior en un % dado) de esta manera damos una oportunidad al trade de que el Take Profit se ejecute antes. La desventaja es que se dobla el tamaño de la posición. 'ACTIVATE DIVIDE TP': Divide el tamaño del TP a la mitad. Más probabilidad de que se cierre el trade pero menos ganancias.
█ STOP LOSS y RISK MANAGEMENT.
Una buena gestión de las pérdidas o gestión del riesgo es lo que puede hacer que tu cuenta suba o se liquide en poco tiempo.
El % de riesgo es el porcentaje de nuestro capital que estamos dispuestos a perder por operación. Este se aconseja que debe estar comprendido entre un 1-5%.
% Risk = (% Stop Loss x % Equity per trade x Leverage) / 100
Primero se calcula la estrategia con Stop Loss, después se determina el riesgo por operación y a partir de ahí se calcula el monto por operación y no al revés.
En este script puedes usar un Stop Loss normal o uno según el ATR. También activar la opción de que salte antes si se alcanza el porcentaje de riesgo. '% RISK ALLOWED'
'STOP LOSS CONFIRMED': Solamente se activa el Stop Loss si el cierre de la barra anterior se encuentra en la condición de límite de pérdidas. Es útil para evitar que se dispare el SL cuando hacen un ‘pump’ para barrer Stops y luego se devuelve el precio a la normalidad.
█ BACKTEST
El objetivo del Backtest es evaluar la eficacia de nuestra estrategia. Un buen Backtest lo determinan algunos parámetros como son:
- RECOVERY FACTOR: Consiste en dividir el ‘beneficio neto’ entre el ‘drawdown’. Un excelente sistema de trading tiene un recovery factor de 10 o más; es decir, genera 10 veces más beneficio neto que drawdown.
- PROFIT FACTOR: El ‘Profit Factor’ es otra medida popular del rendimiento de un sistema. Es algo tan simple como dividir lo que ganan las operaciones con ganancias entre lo que pierden las operaciones con pérdidas. Si la estrategia es rentable entonces por definición el ‘Profit Factor’ va a ser mayor que 1. Las estrategias que no son rentables producen factores de beneficio menores que uno. Un buen sistema tiene un profit factor de 2 o más. Lo bueno del ‘Profit Factor’ es que nos dice lo que vamos a ganar por cada dolar que perdemos. Un profit factor de 2.5 nos dice que por cada dolar que perdamos operando vamos a ganar 2.5.
- SHARPE: (Retorno sistema – Retorno sin riesgo) / Desviación de los retornos.
Cuando las variaciones de ganancias y pérdidas son muy altas, la desviación es muy elevada y eso conlleva un ratio de ‘Sharpe’ muy pobre. Si las operaciones están muy cerca de la media (poca desviación) el resultado es un ratio de ‘Sharpe’ bastante elevado. Si una estrategia tiene un ratio de ‘Sharpe’ mayor que 1 es una buena estrategia. Si tiene un ratio de ‘Sharpe’ mayor que 2, es excelente. Si tiene un ratio de ‘Sharpe’ menor que 1 entonces no sabemos si es buena o mala, hay que mirar otros parámetros.
- MATHEMATICAL EXPECTATION:(% operaciones ganadoras X ganancia media) + (% operaciones perdedoras X pérdida media).
Para ganar dinero con un sistema de Trading, no es necesario ganar todas las operaciones, lo verdaderamente importante es el resultado final de la operativa. Un sistema de Trading tiene que tener esperanza matemática positiva como es el caso de este script.
El juego de la ruleta, por ejemplo, tiene esperanza matemática negativa para el jugador, puede tener rachas positivas de ganancias, pero a la larga, si se sigue jugando se acabará perdiendo, y esto los casinos lo saben muy bien.
PARAMETROS
'BACKTEST DAYS': Número de días atrás de datos históricos para el calculo del Backtest.
'ENTRY TYPE': Para % EQUITY si tienes 10000$ de capital y seleccionas 7.5% tu entrada sería de 750$ sin apalancamiento. Si seleccionas CONTRACTS para el par BTCUSDT sería la cantidad en Bitcoins y si seleccionas CASH sería la cantidad en dólares.
'QUANTITY (LEVERAGE 1X)': La cantidad para una entrada con apalancamiento X! según el apartado anterior.
'MAXIMUM LEVERAGE': Es el máximo multiplicador permitido de la cantidad introducida en el apartado anterior según la condición de volumen.
Los settings son para Bitcoin en Binance Futures (BTC:USDTPERP) en 30 minutos.
Para otro pares y otras temporalidades se tienen que ajustar las opciones de nuevo. Además para dentro de un mes, los ajustes serán otros distintos ya que el mercado y la tendencia es cambiante.
All-in-One Solutions - Long/Short StrategyHello,
I always had in mind that a single strategy cannot be profitable on multiple symbols or commodities ...
This is why I created this strategy where different settings can be applied for each of the symbol you use to trade.
For each symbol you trade, the strategy will ask you for 9 parameters to play with. I already filled the settings for several symbol but it is up to you to find the best 9 parameters for the symbol you like to trade and the time frame you usually use (I often use it in 1H).
The script does not allow any repaint and the Trading view back-testing system is reliable.
For exemple if you like to trade ETH/USD, you have to play with the 9 parameters and find the best net profitability calculated by the back-testing of Trading View.
Here is a screenshot of the setting page of the strategy :
imgur.com
You can find also below the link to all the previous scripts I published :
fr.tradingview.com
PS: please do not ask me to add in this strategy an alert system as Trading View does not allow to implement alerts in strategies script (because strategies scripts run on you computer, where alerts are located on TV servers).
Nevertheless if there is a demand, I can develop an indicator where you can implement the best settings found by you in this strategy and use it as an alerts script.
Please ask me for access, I grant free 1 week full access to all my indicators.
Have fun !
Last Update:
- I added the bar color in order to see on the chart the Long and Short positions
- I added the panels Open and Close positions to be visible on the chart
- I added an horizontal line on the chart when a position is open in order to see on the chart if position is positive or negative
- I modified the parameters description in order to make it more clear
I filled nice settings for 5 cryptos. If you find suitable settings for other commodities, please share the parameters into the comment in order to share with the community.
All-in-One Solutions - Long/Short StrategyHello,
I always had in mind that a single strategy cannot be profitable on multiple symbols or commodities...
This is why I created this strategy where different settings can be applied for each of the symbol you use to trade.
For each symbol you trade, the strategy will ask you for 9 parameters to play with. I already filled the settings for several symbol but it is up to you to find the best 9 parameters for the symbol you like to trade and the time frame you usually use (I often use it in 1H).
The script does not allow any repaint and the Trading view back-testing system is reliable.
For exemple if you like to trade ETH/USD, you have to play with the 9 parameters and find the best net profitability calculated by the back-testing of Trading View.
Here is a screenshot of the setting page of the strategy :
imgur.com
You can find also below the link to all the previous scripts I published :
fr.tradingview.com
PS: please do not ask me to add in this strategy an alert system as Trading View does not allow to implement alerts in strategies script (because strategies scripts run on you computer, where alerts are located on TV servers).
Nevertheless if there is a demand, I can develop an indicator where you can implement the best settings found by you in this strategy and use it as an alerts script.
Please ask me for access, I grant free 1 week full access to all my indicators.
Have fun !
ZenAlgo - MultiverseThe ZenAlgo – Multiverse indicator provides a multi-timeframe view of Volume-Weighted Average Price (VWAP) levels and their dynamic interaction with price across seven defined timeframes: Daily, Weekly, Monthly, Quarterly, Semi-Annual, and Yearly. The indicator is intended to help traders contextualize price within time-based value areas and examine how price interacts with statistically relevant bands derived from those VWAPs.
VWAP Calculation and Period Structure
At the core, this script computes VWAP levels anchored to six distinct timeframes using volume data and a configurable source (default is HLC3). Each VWAP resets at the start of its corresponding period (e.g., Daily VWAP resets at the beginning of a new day) using timeframe.change() as a detection mechanism. This allows each VWAP level to reflect a clean aggregation of price and volume over its specified period.
VWAP levels are only computed if volume data is present and cumulative volume increases, ensuring logical consistency. If volume is missing or inconsistent, the script terminates execution with an error to prevent invalid outputs.
Band Calculation
Each VWAP is accompanied by one or two optional bands on both sides, calculated using percentage-based offset. Daily VWAP is configurable per user preference to use either standard deviation or a percentage-based offset. These bands provide a dynamic value area that expands or contracts with volatility or proportional price distance, respectively.
The bands help classify price as:
Inside the main band (e.g., between ±1 band): near average value
Inside extended band (e.g., ±2 bands): stretched but not extreme
Beyond extended band: potentially overheated or oversold conditions
This layering creates a multi-zoned map of value perception across timeframes.
Labeling and Historical Tracking
As each new VWAP is computed, it is stored in a bounded array alongside metadata such as label position, line objects, test count, and test state (whether price has interacted with it). Each level is drawn as a dotted horizontal line and labeled with its value and corresponding period (e.g., "D", "W", "M").
Price interaction with a VWAP level (i.e., candle high/low crossing the line) changes the styling of the label and line, marking it as "tested." A cap on how many tested levels are retained (default 10) avoids excessive clutter and resource usage.
These persistent horizontal levels give the trader a visual reference of where value was defined in previous periods and how price has respected or ignored those levels over time.
Summary Tables and Grid
Two visual table overlays are provided:
1. VWAP Summary Table , this table shows:
VWAP values per timeframe
Trend interpretation (rising, falling, stable) relative to price
Ranked order of VWAP values (from highest to lowest)
The order is recalculated each bar to reflect the vertical positioning of each VWAP on the price chart.
2. VWAP Relationship Grid
A grid matrix compares each VWAP and current price against all others. Each cell reflects whether a given source is above, below, or within a tolerance threshold relative to another. Colors (green, red, gray) visually encode the result, with the diagonal marked in black and unused cells disabled.
This matrix helps identify alignment or dissonance among timeframes, allowing users to detect whether shorter-term value is leading or lagging longer-term value.
Price Band Classification
For the Daily VWAP specifically, the script includes an extra classification system. It assigns the current price to a zone (e.g., "At VWAP", "Bear Band", "Above Bull Band 2") based on where the price lies in relation to the VWAP bands. This classification is also used for dynamic coloring and added to the daily label.
Display Controls
The script offers fine-grained controls:
Toggle visibility of each VWAP and band group independently
Adjust the offset of labels from the current bar
Customize band multipliers and color transparency
Limit the number of historical VWAP labels plotted
Position both the summary and grid tables flexibly on screen
These options allow traders to declutter their charts and focus on the most relevant context for their strategy.
How to Interpret and Use
This indicator provides a structured view of market value perception across various timeframes. For example:
When price converges with multiple VWAPs, it may suggest consensus on value.
When price moves away from all VWAPs, it may indicate trending or stretched conditions.
Crosses and retests of VWAPs (especially higher-timeframe ones) can act as areas of interest.
The band-based classification helps identify transitional zones and whether price is situated in an area where value is being accepted or rejected.
The summary tables offer a high-level dashboard of price positioning and value structure, which can assist with top-down analysis, filtering setups, or contextual decision-making.
Added Value Compared to Free Alternatives
Most free VWAP scripts:
Cover only a single timeframe (often daily or session-based)
Lack historical level tracking with tested/retested visualization
Do not support grid-level relationships or multi-timeframe band analysis
Offer limited configuration over how bands are calculated or displayed
This script consolidates multiple value areas in one consistent framework and goes further by tracking historical relevance, providing interaction logs, and organizing data into actionable overlays.
For traders seeking comprehensive value context across intraday and swing horizons, this tool offers persistent and structured data views that are otherwise unavailable through individual, isolated VWAP tools.
Limitations and Disclaimers
The indicator depends on volume data. On instruments with unreliable or synthetic volume (e.g., certain spot forex or CFDs), results may not be meaningful.
Band-based interpretation should not be used as a signal mechanism on its own.
On low timeframes, longer-period VWAPs may appear flat or visually compressed.
As with any analytical tool, interpretation requires trader discretion and should be combined with broader context.
Dynamic Customizable 50% Line & Daily High/Low + True Day OpenA Unique Indicator for Precise Market-Level Analysis
This indicator is a fully integrated solution that automates complex market-level calculations and visualizations, offering traders a tool that goes beyond the functionality of existing open-source alternatives. By seamlessly combining several trading concepts into a single script, it delivers efficiency, accuracy, and customization that cater to both novice and professional traders.
Key Features: A Breakdown of What Makes It Unique
1. Adaptive Daily Highs and Lows
Automatically detects and plots daily high and low levels based on the selected time frame, dynamically updating in real time.
Features session-based adjustments, allowing traders to focus on levels that matter for specific trading sessions (e.g., London, New York).
Fully customizable styling, visibility, and alerts tailored to each trader’s preferences.
How It Works:
The indicator calculates daily high and low levels directly from price data, integrating session-specific time offsets to account for global trading hours. These levels provide traders with clear visual markers for key liquidity zones.
2. Automated ICT 50% Range Line
A pioneering implementation of ICT’s mid-range concept, this feature dynamically calculates and displays the midpoint of the daily range.
Offers traders a visual guide to identify premium and discount zones, aiding in determining market bias and potential trade setups.
How It Works:
The script calculates the range between the day’s high and low, dividing it by two to generate the midline. This line updates in real-time, ensuring that traders always see the most current premium and discount levels as price action evolves.
3. Dynamic Market Open Levels
Plots session opens (e.g., Asia, London, New York) and the True Day Open to provide actionable reference points for intra-day trading strategies.
Enhances precision in identifying liquidity shifts and aligning trades with institutional price movements.
How It Works:
The indicator uses predefined session times to calculate and display the opening levels for key trading sessions. It dynamically adjusts for time zones, ensuring accuracy regardless of the trader’s location.
4. Custom Watermark for Enhanced Visualization
Includes an optional watermark feature that allows users to display custom text on their charts.
Ideal for personalization, branding, or highlighting session notes without disrupting the clarity of the chart.
Why This Indicator Stands Out
First-to-Market Automation:
While the ICT 50% range line is a widely recognized concept, this is the first script to automate its calculation, combining it with other pivotal trading levels in a single tool.
All-in-One Functionality:
Unlike open-source alternatives that focus on individual features, this script integrates daily highs/lows, mid-range levels, session opens, and customizable watermarks into one cohesive system. The consolidation reduces the need for multiple indicators and ensures a clean, efficient chart setup.
Dynamic Customization:
Every feature can be adjusted to align with a trader’s strategy, time zone, or aesthetic preferences. This level of adaptability is unmatched in existing tools.
Proprietary Logic:
The indicator’s underlying calculations are built from scratch, leveraging advanced programming techniques to ensure accuracy and reliability. These proprietary methods differentiate it from similar open-source scripts.
How to Use This Indicator
Apply the Indicator:
Add it to your TradingView chart from the library.
Configure Settings:
Use the intuitive settings panel to adjust plotted levels, colors, styles, and visibility. Tailor the indicator to your trading strategy.
Incorporate into Analysis:
Combine the plotted levels with your preferred trading approach to identify liquidity zones, establish market bias, and pinpoint potential reversals or entries.
Stay Focused:
With all key levels automated and updated in real time, traders can focus on execution rather than manual plotting.
Originality and Justification for Closed Source
This script is closed-source due to its unique combination of features and proprietary logic that automates complex trading concepts like the ICT 50% range line and session-specific levels. Open-source alternatives lack this level of integration and customization, making this indicator a valuable and original contribution to the TradingView ecosystem.
What Sets It Apart from Open-Source Scripts?
Unlike open-source tools, this indicator doesn’t just replicate individual features—it enhances and integrates them into a seamless, all-in-one solution that offers traders a more efficient and effective way to analyze the market.
Business Cycle Indicators (Normalized)This script aggregates and normalizes several key economic indicators to provide a comprehensive view of the business cycle and overall market conditions. By combining these indicators into a single, normalized average line, the script helps identify overarching trends and shifts in the economy, aiding in more informed trading and investment decisions.
Included Indicators:
Inverted National Financial Conditions Index (NFCI):
Symbol: FRED:NFCI
Measures financial stress in the markets. An inverted NFCI aligns higher values with positive financial conditions.
Inverted Net Percentage of Banks Tightening Lending Standards (DRTSCIS):
Symbol: FRED:DRTSCIS
Reflects changes in bank lending practices. Inverting this indicator means higher values indicate easing lending standards, which is generally positive for economic growth.
HYG Close Price (iShares High Yield Corporate Bond ETF):
Symbol: AMEX:HYG
Represents the performance of high-yield corporate bonds, providing insight into credit market conditions.
Inverted High-Yield Credit Spread (BAMLH0A0HYM2):
Symbol: FRED:BAMLH0A0HYM2
Measures the spread between high-yield bonds and risk-free securities. A narrower (inverted) spread indicates better market conditions.
Manufacturing/Non-Manufacturing New Orders Ratio:
Symbols: ECONOMICS:USMNO (Manufacturing), ECONOMICS:USNMNO (Non-Manufacturing)
Compares manufacturing to non-manufacturing new orders to gauge shifts in economic activity.
US PMI (Purchasing Managers' Index):
Symbol: ECONOMICS:USBCOI
An indicator of the economic health of the manufacturing sector.
10-Year Inflation Breakeven (T10YIE):
Symbol: FRED:T10YIE
Represents market expectations of inflation over the next ten years.
Inverted 10-Year Real Yield (DFII10):
Symbol: FRED:DFII10
Reflects the real yield on 10-year Treasury Inflation-Protected Securities (TIPS). Inverted to align higher values with positive economic sentiment.
Copper/Gold Ratio:
Symbols: CAPITALCOM:COPPER (Copper), TVC:GOLD (Gold)
Compares the prices of copper and gold, often used as a barometer for global economic activity.
Features:
Normalized Indicators: Each indicator is normalized to a 0-100 scale to facilitate direct comparison, regardless of their original units or scales.
Normalized Average Line: Calculates and plots the average of all available normalized indicators, providing a single line that represents the combined economic signals.
Customizable Display:
Show Individual Indicators: Option to display individual normalized indicators for detailed analysis.
Show Normalized Average Line: Option to display the normalized average line for a consolidated view.
Dynamic Labeling: Displays the latest value of the normalized average directly on the chart for quick reference.
How to Use:
Adding the Script:
Apply the script to a chart in TradingView using a timeframe that aligns with the frequency of the economic data (daily or weekly recommended).
Customization:
Show Normalized Average Line: Enabled by default to display the combined indicator.
Show Individual Indicators: Enable this option in the script settings to display all individual normalized indicators.
Interpretation:
Normalized Scale (0-100): Higher values generally indicate stronger economic conditions, while lower values may suggest weakening conditions.
Trend Analysis: Use the normalized average line to identify trends and potential turning points in the business cycle.
Notes:
Data Availability: Ensure you have access to all the data sources used in the script. Some data feeds may require specific TradingView subscriptions.
Indicator Limitations: Economic indicators are subject to revisions and may not reflect real-time market conditions.
No Investment Advice: This script is a tool for analysis and should not be considered as financial advice. Always conduct your own research before making investment decisions.
Advanced Volume-Driven Breakout SignalsThe "Advanced Volume-Driven Breakout Signals" indicator is a cutting-edge tool designed to help traders identify high-potential trading opportunities through sophisticated volume analysis techniques. This indicator integrates volume flow analysis, moving averages, and Relative Volume (RVOL) to provide a comprehensive view of market conditions, going beyond traditional Volume Spread Analysis (VSA) methods.
Key Features:
Volume Flow Analysis: Distinguishes bullish and bearish volume flows with distinct colors, making it easier to visualize market sentiment and potential breakout points.
Volume Flow Moving Averages: Calculates moving averages for volume using various methods (SMA, EMA, WMA, HMA, VWMA), accommodating different trading strategies. This includes settings for adjusting the type of moving average and its period, as well as thresholds for high, medium, and low volume levels.
Volume Spikes Detection: Identifies significant volume spikes based on user-defined multipliers and moving averages, highlighting unusual trading activity.
Volume MA Cloud Settings: Computes general moving averages of volume to track trends and detect deviations. This feature includes options to select different moving average types and adjust thresholds for detecting high volume activity.
Relative Volume (RVOL): Measures current volume relative to historical averages, triggering signals when RVOL exceeds predefined thresholds, indicating notable changes in trading activity.
Entry Conditions: Provides clear long and short entry signals based on combined volume flow conditions and RVOL, offering actionable trading opportunities.
Volume Visualization:
— Bullish Volume Flow: Light and dark green bars indicate bullish volume flow.
— Bearish Volume Flow: Light and dark red bars denote bearish volume flow.
— High Volume Bars: Highlighted in yellow, and extreme volume bars in orange for additional context. These bars are plotted for visual aid and do not directly influence trade signals, focusing instead on the quality and strength of the volume flow.
Alerts: Allows users to create alert notifications for long and short entry signals when the criteria are met, enabling traders to respond promptly to trading opportunities.
Usage:
Overlay: Apply the indicator directly to your price chart to visualise real-time signals and volume conditions.
Customisable: Adjust settings for moving averages, RVOL, and other parameters to match your trading strategy and preferences.
Comparison to VSA Scripts: The "Advanced Volume-Driven Breakout Signals" indicator extends beyond traditional VSA scripts by incorporating a wider range of analytical features. While VSA primarily focuses on volume spread patterns and price action, this indicator offers enhanced functionality with advanced RVOL metrics, customizable moving averages, and detailed volume spike detection, making it a more versatile tool for identifying breakout opportunities and managing trades. It is particularly effective when used alongside key levels and order blocks.
Acknowledgements: Special thanks to @oh92 and @goofoffgoose for their invaluable scripts, which served as inspiration in the development of this advanced trading indicator.
Notes: The script is continually evolving, with ongoing refinements aimed at enhancing accuracy and performance.
SUSH ALGOStep-by-Step Guide for Trading Using the Script
1. Asset Selection
When applying this script, the first thing to do is select your desired asset to trade.
You can select from the following assets within the script:
Scalping
Gold
USD/JPY
EUR/USD
EUR/JPY
BTC/USD
NIFTY 50
The parameters for the strategy (e.g., q, r, s, and ADX Threshold) will adjust automatically based on your selected asset. If you want to use custom parameters, turn on the Use Manual Settings option.
2. Adjust Manual Settings (Optional)
Use Manual Settings: Toggle this if you want to input your custom values for the strategy parameters.
Manual q: Affects swing period calculation.
Manual r: Affects the smoothing in the calculation of the oscillator.
Manual s: Affects the smoothing period of the main line of the oscillator.
Manual Signal Length: Length of the signal line for generating buy/sell signals.
Manual ADX Threshold: Adjusts the ADX value to filter trades based on trend strength.
3. Reading the SMI (Stochastic Momentum Index) Oscillator
SMI: This indicator oscillates between overbought and oversold levels, signaling potential entry and exit points.
Overbought Level: +30
Oversold Level: -30
The signal line is calculated based on the smoothed SMI value.
A crossover above the signal line in the oversold region (< -30) signals a buy.
A crossunder below the signal line in the overbought region (> +30) signals a sell.
4. Trade Signal Alerts
Buy Signal Alert: Triggered when the SMI crosses over the signal line in the oversold zone, and ADX exceeds the threshold.
Sell Signal Alert: Triggered when the SMI crosses under the signal line in the overbought zone, and ADX exceeds the threshold.
5. Entry, Stop Loss, and Target Levels
Entry Line: The script will plot an entry line at the close price when a buy or sell signal is triggered.
Stop Loss: A stop loss will be set based on the lowest low (for buy signals) or highest high (for sell signals) of the previous candles.
Take Profit Targets:
Target 1 (TP1): 3 times the size of the entry candle.
Target 2 (TP2): 6 times the size of the entry candle.
Target 3 (TP3): 10 times the size of the entry candle.
Make sure the Show Entry, Show Stop Loss, and Show Targets toggles are enabled to visualize these lines on the chart.
6. Monitoring the ADX (Average Directional Index)
The ADX value filters weak signals, ensuring that you trade only in trending markets.
If ADX > adxThreshold, the trend is strong, and the buy or sell signal becomes valid.
If ADX < adxThreshold, the trade signals are ignored to avoid trading in sideways markets.
7. Box, Line, and Label Toggles for Swing Highs/Lows
The script allows you to visualize swing highs and lows for better market context. You can toggle the following options:
Show Boxes: Displays rectangular boxes around the swing highs and lows.
Show Swing Lines: Plots lines at swing highs and lows for visual confirmation of key price levels.
Show Labels: Adds text labels to the swing levels, indicating whether they represent a swing high or low.
8. Customize Appearance (Optional)
You can change the appearance of the boxes, lines, and labels, such as their color, width, and style (solid or dotted), from the Appearance settings.
9. Monitor Volume and Open Interest (Optional)
You can also track volume and open interest (OI) data from various exchanges like Binance and BitMEX to get additional confirmations.
Steps for Trading
1.Select your asset from the drop-down menu based on your trading preferences.
2.Adjust manual settings (optional) if you want to use your own parameters for the strategy.
3.Wait for a buy or sell signal to trigger based on the crossover of the SMI oscillator in the overbought/oversold regions.
4.Once a signal is triggered, check for the plotted entry price, stop loss, and take profit levels on your chart.
5.Monitor the ADX value to ensure that the market is trending strongly.
6.If the trade meets your criteria, enter the trade at the indicated price.
Set your stop loss and take profit orders as indicated by the script.
Key Notes
# This strategy is designed for both trending and mean-reversion markets depending on the asset and the ADX value.
# Make sure to practice proper risk management by adjusting the stop loss and position size based on your risk tolerance.
Black-Scholes option price model & delta hedge strategyBlack-Scholes Option Pricing Model Strategy
The strategy is based on the Black-Scholes option pricing model and allows the calculation of option prices, various option metrics (the Greeks), and the creation of synthetic positions through delta hedging.
ATTENTION!
Trading derivative financial instruments involves high risks. The author of the strategy is not responsible for your financial results! The strategy is not self-sufficient for generating profit! It is created exclusively for constructing a synthetic derivative financial instrument. Also, there might be errors in the script, so use it at your own risk! I would appreciate it if you point out any mistakes in the comments! I would be even more grateful if you send the corrected code!
Application Scope
This strategy can be used for delta hedging short positions in sold options. For example, suppose you sold a call option on Bitcoin on the Deribit exchange with a strike price of $60,000 and an expiration date of September 27, 2024. Using this script, you can create a delta hedge to protect against the risk of loss in the option position if the price of Bitcoin rises.
Another example: Suppose you use staking of altcoins in your strategies, for which options are not available. By using this strategy, you can hedge the risk of a price drop (Put option). In this case, you won't lose money if the underlying asset price increases, unlike with a short futures position.
Another example: You received an airdrop, but your tokens will not be fully unlocked soon. Using this script, you can fully hedge your position and preserve their dollar value by the time the tokens are fully unlocked. And you won't fear the underlying asset price increasing, as the loss in the event of a price rise is limited to the option premium you will pay if you rebalance the portfolio.
Of course, this script can also be used for simple directional trading of momentum and mean reversion strategies!
Key Features and Input Parameters
1. Option settings:
- Style of option: "European vanilla", "Binary", "Asian geometric".
- Type of option: "Call" (bet on the rise) or "Put" (bet on the fall).
- Strike price: the option contract price.
- Expiration: the expiry date and time of the option contract.
2. Market statistic settings:
- Type of price source: open, high, low, close, hl2, hlc3, ohlc4, hlcc4 (using hl2, hlc3, ohlc4, hlcc4 allows smoothing the price in more volatile series).
- Risk-free return symbol: the risk-free rate for the market where the underlying asset is traded. For the cryptocurrency market, the return on the funding rate arbitrage strategy is accepted (a special function is written for its calculation based on the Premium Price).
- Volatility calculation model: realized (standard deviation over a moving period), implied (e.g., DVOL or VIX), or custom (you can specify a specific number in the field below). For the cryptocurrency market, the calculation of implied volatility is implemented based on the product of the realized volatility ratio of the considered asset and Bitcoin to the Bitcoin implied volatility index.
- User implied volatility: fixed implied volatility (used if "Custom" is selected in the "Volatility Calculation Method").
3. Display settings:
- Choose metric: what to display on the indicator scale – the price of the underlying asset, the option price, volatility, or Greeks (all are available).
- Measure: bps (basis points), percent. This parameter allows choosing the unit of measurement for the displayed metric (for all except the Greeks).
4. Trading settings:
- Hedge model: None (do not trade, default), Simple (just open a position for the full volume when the strike price is crossed), Synthetic option (creating a synthetic option based on the Black-Scholes model).
- Position side: Long, Short.
- Position size: the number of units of the underlying asset needed to create the option.
- Strategy start time: the moment in time after which the strategy will start working to create a synthetic option.
- Delta hedge interval: the interval in minutes for rebalancing the portfolio. For example, a value of 5 corresponds to rebalancing the portfolio every 5 minutes.
Post scriptum
My strategy based on the SegaRKO model. Many thanks to the author! Unfortunately, I don't have enough reputation points to include a link to the author in the description. You can find the original model via the link in the code, as well as through the search indicators on the charts by entering the name: "Black-Scholes Option Pricing Model". I have significantly improved the model: the calculation of volatility, risk-free rate and time value of the option have been reworked. The code performance has also been significantly optimized. And the most significant change is the execution, with which you can now trade using this script.
[SGM GARCH Volatility]I'm excited to share with you a Pine Script™ that I developed to analyze GARCH (Generalized Autoregressive Conditional Heteroskedasticity) volatility. This script allows you to calculate and plot GARCH volatility on TradingView. Let's see together how it works!
Introduction
Volatility is a key concept in finance that measures the variation in prices of a financial asset. The GARCH model is a statistical method that predicts future volatility based on past volatilities and prediction residuals (errors).
Indicator settings
We define several parameters for our indicator:
length = input.int(20, title="Length")
p = input.int(1, title="Lag order (p)")
q = input.int(1, title="Degree of moving average (q)")
cluster_value = input(0.2,title="cluster value")
length: The period used for the calculations, default 20.
p: The order of the delay for the GARCH model.
q: The degree of the moving average for the GARCH model.
cluster_value: A threshold value used to color the graph.
Calculation of logarithmic returns
We calculate logarithmic returns to capture price changes:
logReturns = math.log(close) - math.log(close )
Initializing arrays
We initialize arrays to store residuals and volatilities:
var float residuals = array.new_float(length, 0)
var float volatilities = array.new_float(length, 0)
We add the new logarithmic returns to the tables and keep their size constant:
array.unshift(residuals, logReturns)
if (array.size(residuals) > length)
array.pop(residuals)
We then calculate the mean and variance of the residuals:
meanResidual = array.avg(residuals)
varianceResidual = array.stdev(residuals, meanResidual)
volatility = math.sqrt(varianceResidual)
We update the volatility table with the new value:
array.unshift(volatilities, volatility)
if (array.size(volatilities) > length)
array.pop(volatilities)
GARCH volatility is calculated from accumulated data:
var float garchVolatility = na
if (array.size(volatilities) >= length and array.size(residuals) >= length)
alpha = 0.1 // Alpha coefficient
beta = 0.85 // Beta coefficient
omega = 0.01 // Omega constant
sumVolatility = 0.0
for i = 0 to p-1
sumVolatility := sumVolatility + beta * math.pow(array.get(volatilities, i), 2)
sumResiduals = 0.0
for j = 0 to q-1
sumResiduals := sumResiduals + alpha * math.pow(array.get(residuals, j), 2)
garchVolatility := math.sqrt(omega + sumVolatility + sumResiduals)
Plot GARCH volatility
We finally plot the GARCH volatility on the chart and add horizontal lines for easier visual analysis:
plt = plot(garchVolatility, title="GARCH Volatility", color=color.rgb(33, 149, 243, 100))
h1 = hline(0.1)
h2 = plot(cluster_value)
h3 = hline(0.3)
colorGarch = garchVolatility > cluster_value ? color.red: color.green
fill(plt, h2, color = colorGarch)
colorGarch: Determines the fill color based on the comparison between garchVolatility and cluster_value.
Using the script in your trading
Incorporating this Pine Script™ into your trading strategy can provide you with a better understanding of market volatility and help you make more informed decisions. Here are some ways to use this script:
Identification of periods of high volatility:
When the GARCH volatility is greater than the cluster value (cluster_value), it indicates a period of high volatility. Traders can use this information to avoid taking large positions or to adjust their risk management strategies.
Anticipation of price movements:
An increase in volatility can often precede significant price movements. By monitoring GARCH volatility spikes, traders can prepare for potential market reversals or accelerations.
Optimization of entry and exit points:
By using GARCH volatility, traders can better identify favorable times to enter or exit a position. For example, entering a position when volatility begins to decrease after a peak can be an effective strategy.
Adjustment of stops and objectives:
Since volatility is an indicator of the magnitude of price fluctuations, traders can adjust their stop-loss and take-profit orders accordingly. Periods of high volatility may require wider stops to avoid being exited from a position prematurely.
That's it for the detailed explanation of this Pine Script™ script. Don’t hesitate to use it, adapt it to your needs and share your feedback! Happy analysis and trading everyone!
Dynamic Cycle Oscillator [Quantigenics]This script is designed to navigate through the ebbs and flows of financial markets. At its core, this script is a sophisticated yet user-friendly tool that helps you identify potential market turning points and trend continuations.
How It Works:
The script operates by plotting two distinct lines and a central histogram that collectively form a band structure: a center line and two outer boundaries, indicating overbought and oversold conditions. The lines are calculated based on a blend of exponential moving averages, which are then refined by a root mean square (RMS) over a specified number of bars to establish the cyclic envelope.
The input parameters:
Fast and Slow Periods:
These determine the sensitivity of the script. Shorter periods react quicker to price changes, while longer periods offer a smoother view.
RMS Length:
This parameter controls the range of the cyclic envelope, influencing the trigger levels for trading signals.
Using the Script:
On your chart, you’ll notice how the Dynamic Cycle Oscillator’s lines and histogram weave through the price action. Here’s how to interpret the movements.
Breakouts and Continuations:
Buy Signal: Consider a long position when the histogram crosses above the upper boundary. This suggests a possible strong bullish run.
Sell Signal: Consider a short position when the histogram crosses below the lower boundary. This suggests a possible strong bearish run.
Reversals:
Buy Signal: Consider a long position when the histogram crosses above the lower boundary. This suggests an oversold market turning bullish.
Sell Signal: Consider a short position when the histogram crosses below the upper boundary. This implies an overbought market turning bearish.
The script’s real-time analysis can serve as a robust addition to your trading strategy, offering clarity in choppy markets and an edge in trend-following systems.
Thanks! Hope you enjoy!
Triple MA HTF Indicator - Dynamic SmoothingThe indicator version of the "Triple MA HTF Strategy - Dynamic Smoothing" strategy script. In summary the indicator consist of 3 higher time frame moving averages. In which the highest timeframe is used for confirmation on the trend (filter). Moving average 1 and 2 are used to enter and exit the trade (crossover / crossunder). The main principle is to detect momentum when the faster MA 1 crosses the slower MA 2 and only trade with the trend (MA3). The dynamic smoothing in the code makes the indicator suitable to trade on lower tramecharts. The indicator script comes with the following features:
options for different types of MA.
options to choose from different timeframes & select # bars of that timeframe to calculate the MA value.
visualizations of the MA using Dynamic Smoothing calculations on lower timecharts. Note that the chart opened should be lower than the selected timeframes in the configurations.
Alerts for entry long, shorts and exits.
For more details on the script and possibility for backtesting the Triple MA HTF indicator I refer to my earlier published strategy script:
Сoncentrated Market Maker Strategy by oxowlConcentrated Market Maker Strategy by oxowl. This script plots an upper and lower bound for liquidity provision, and checks for rebalancing conditions. It also includes alert conditions for when the price crosses the upper or lower bounds.
Here's an overview of the script:
It defines the input parameters: liquidity range percentage, rebalance frequency in minutes, and minimum trade size in assets.
It calculates the upper and lower bounds for liquidity provision based on the liquidity range percentage.
It initializes variables for the last rebalance time and price.
It defines a rebalance condition based on the frequency and current price within the specified range.
If the rebalance condition is met, it updates the last rebalance time and price.
It plots the upper and lower bounds on the chart as lines and adds price labels for both bounds.
It defines alert conditions for when the price crosses the upper or lower bounds.
Finally, it creates alert conditions with appropriate messages for when the price crosses the upper or lower bounds.
Concentrated liquidity is a concept often used in decentralized finance (DeFi) market-making strategies. It allows liquidity providers (LPs) to focus their liquidity within a specific price range, rather than across the entire price curve. Using an indicator with concentrated liquidity can offer several advantages:
Increased capital efficiency: Concentrated liquidity allows LPs to allocate their capital within a narrower price range. This means that the same amount of capital can generate more significant price impact and potentially higher returns compared to providing liquidity across a broader range.
Customized risk exposure: LPs can choose the price range they feel most comfortable with, allowing them to better manage their risk exposure. By selecting a range based on their market outlook, they can optimize their positions to maximize potential returns.
Adaptive strategies: Indicators that support concentrated liquidity can help traders adapt their strategies based on market conditions. For example, they can choose to provide liquidity around a stable price range during low-volatility periods or adjust their range when market conditions change.
To continue integrating this script into your trading strategy, follow these steps:
Import the script into your TradingView account. Navigate to the Pine editor, paste the code, and save it as a new script.
Apply the indicator to a trading pair chart. You can customize the input parameters (liquidity range percentage, rebalance frequency, and minimum trade size) based on your preferences and risk tolerance.
Set alerts for when the price crosses the upper or lower bounds. This will notify you when it's time to take action, such as adding or removing liquidity, or rebalancing your position.
Monitor the performance of your strategy over time. Adjust the input parameters as needed to optimize your returns and manage risk effectively.
(Optional) Integrate the script with a trading bot or automation platform. If you're using an API-based trading solution, you can incorporate the logic and conditions from the script into your bot's algorithm to automate the process of providing concentrated liquidity and rebalancing your positions.
Remember that no strategy is foolproof, and past performance is not indicative of future results. Always exercise caution when trading and carefully consider your risk tolerance.
