Triple MA HTF strategy - Dynamic SmoothingThe triple MA strategy is a simple but effective method to trade the trend. The advantage of this script over the existing triple MA strategies is that the user can open a lower time frame chart and select higher time frame inputs for different MA types mainting the visibility on the chart. The dynamic smoothing code makes sure the HTF trendlines are not jagged, but a fluid line visiable on the lower time frame chart. The script comes with a MA crossover and crossunder strategy explained below.
Moving Averages (MA) Crossover for Entry:
Long Entry: A long entry signal is triggered when the moving average line 1 crosses above the moving average line 2. This crossover indicates a potential shift in market sentiment towards the upside. However, to validate this signal, the strategy checks if the moving average 3 on a higher time frame (eg. 4 hour) is in an upward trend. This additional filter ensures that the trade aligns with the prevailing trend on a broader time scale, increasing the probability of success.
Short Entry: Conversely, a short entry signal occurs when the moving average line 1 crosses below the moving average line 2. This crossover suggests a possible downturn in market momentum. However, for a short trade to be confirmed, the strategy verifies that the moving average 3 on the higher time frame is in a downward trend. This confirmation ensures that the trade is in harmony with the overarching market direction.
Exit from Long Position: The strategy triggers an exit signal from a long position when the moving average line 1 crosses below the moving average line 2. This crossover indicates a potential reversal in the market trend, prompting the trader to close their long position and take profits or minimize losses.
Exit from Short Position: Similarly, an exit signal from a short position occurs when the moving average line 1 crosses above the moving average line 2. This crossover suggests a potential shift in market sentiment towards the upside, prompting the trader to exit their short position and manage their risk accordingly.
Features of the script
This Triple MA Strategy is basically the HTF Trend Filter displayed 3 times on the chart. For more infomation on how the MA with dynamic smoothing is calculated I recommend reading the following script:
For risk management I included a simple script to opt for % of eauity or # of contracts of in the instrument. For explanation on how the risk management settings work I refer to my ealier published script:
The strategy is a simplified example for setting up an entry and exit logic based on multiple moving avarages. Hence the script is meant for educational purposes only.
Cari dalam skrip untuk "the script"
Ichimoku Slope Filtered Signals [UAlgo]
🔶Description:
The "Ichimoku Slope Filtered Signals" indicator is designed to provide trading signals based on the Ichimoku Cloud indicator while incorporating a slope filter. The Ichimoku Cloud is a comprehensive indicator that defines support and resistance, identifies trend direction, and provides trading signals. This script enhances the traditional Ichimoku Cloud signals by incorporating a slope filter, which helps to confirm the strength and direction of the trend.
🔶Key Features:
Ichimoku Cloud Parameters: Users can customize parameters such as Tenkan, Kijun, and Senkou Span lengths, along with multipliers, to adjust the sensitivity of the Ichimoku Cloud.
Slope Filter Settings: Users can specify the number of bars to measure the slope and the lookback period for trend measurement. Additionally, there are options to filter Ichimoku signals based on slope thresholds.
Normalized Slope: The indicator calculates the normalized slope of the selected data series (in this case, Tenkan-sen) and plots it alongside the Ichimoku Cloud.
Signal Generation: Trading signals are generated based on crossovers and crossunders of the Tenkan-sen and Kijun-sen lines of the Ichimoku Cloud. These signals can be further filtered based on the normalized slope of the selected data series.
🔶 Usage:
Customization: Traders can customize the parameters of the Ichimoku Cloud and slope filter according to their trading strategy and risk tolerance.
Interpretation of Signals:
Crossover: A buy signal is generated when the Tenkan-sen line crosses above the Kijun-sen line. This signal can be further filtered based on the normalized slope.
Crossunder: A sell signal is generated when the Tenkan-sen line crosses below the Kijun-sen line. Similar to the buy signal, this can also be filtered based on the normalized slope.
Trend Confirmation: The normalized slope provides additional confirmation of the strength and direction of the trend. A positive slope indicates an upward trend, while a negative slope indicates a downward trend.
Example:
Disclaimer:
Not Financial Advice: This script is provided for educational purposes only and should not be considered financial advice. Traders should conduct their own research and/or consult with a qualified financial advisor before making any investment decisions based on this script.
Risk of Loss: Trading in financial markets involves risk of loss, and past performance is not indicative of future results. Users of this script should be aware of the risks involved in trading and should only trade with capital they can afford to lose.
No Guarantees: There is no guarantee of success or profitability when using this script. Market conditions can change rapidly, and trading results may vary.
Use at Own Risk: The author of this script (UAlgo) does not assume any responsibility for losses incurred as a result of using this script. Traders use this script at their own risk and discretion.
Terms of Use: This script is subject to the terms of the Mozilla Public License 2.0. Users are encouraged to review the license terms before using or distributing the script.
Selected Dates Filter by @zeusbottradingWe are presenting you feature for strategies in Pine Script.
This function/pine script is about NOT opening trades on selected days. Real usage is for bank holidays or volatile days (PPI, CPI, Interest Rates etc.) in United States and United Kingdom from 2020 to 2030 (10 years of dates of bank holidays in mentioned countries above). Strategy is simple - SMA crossover of two lengts 14 and 28 with close source.
In pine script you can see we picked US and GB bank holidays. If you add this into your strategy, your bot will not open trades on those days. You must make it a rule or a condition. We use it as a rule in opening long/short trades.
You can also add some of your prefered dates, here is just example of our idea. If you want to add your preffered days you can find them on any site like forexfactory, myfxbook and so on. But don’t forget to add function “time_tradingday ! = YourChoosedDate” as it is writen lower in the pine script.
Sometimes the date is substituted for a different day, because the day of the holiday is on Saturday or Sunday.
Made with ❤️ for this community.
If you have any questions or suggestions, let us know.
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone 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 zeusbottrading TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script.
[ChasinAlts]Top-Wicked Good S/R LinesHello Tradeurs, as per usual, I hope everyone is having a FAN-FRIGGIN-TASTIC day. With the soon incoming bull market approaching fast(Nov 7, 2022), there are a few ideas that I've really been trying to push out to help nail a few coins as they are near their bottom peak of this closing Bear Market. This one may seem very similar to the last one I posted but I think this one takes the cake...esp when you see the next script from my 'Market Overview' series that I will be publishing shortly after this one as it is utilizing this new script for a market scanner that will be SUPER legit and profitable. Though it is alway nice to be noticed, I'm glad that I'm relatively unpopular so the few people that are now following me can have some time to make some money with some of these scripts I'm trying to pump out for the benefit of the community. I will rarely give my full analysis of how I take in and utilize these scripts but I can tell you, QUITE A FEW of them are money in the bank. Esp these last few I've done/am doing and even more-so the ones that are soon to come (I'm speaking of about the next 3-4 that I will be attempting to pump out in this next VERY IMPORTANT week.). One more thing I'll add before going to the script is a little alpha(Im pretty certain this is the way it is going but NOTHING is EVERY 100% in life). What I believe should be realized is the bottoming out of MANY of the crypto coins at the VERY bottom of a LONG TERM Cup and Handle (so it seems but shat can still change in the blink of an eye). Thus there are quite a few coins that I believe have already bottomed and wont be returning to said bottom for a few years or so but there are also quite a few still at the brink of the bottomest part before the real market breakout occurs. My goal with these scripts coming out this week to help you all find those coins that have yet to hit their very bottom (thus the ATH/ATL script recently published). Going back in history looking for the lowest points of long term Cup & Handles I will point out 2 key things. Near the center/bottomest part of these historical CnH you will see either Double Bottoms OR a Huge dump and then its V-shaped recovery. After these print the point of no return has occurred where only a few coins will be going lower than these Double Bottoms/V-Shaped recoveries. So the time is at hand. Now that many coins are seemingly pumping after this long consolidation, I believe we need to keep a keen eye out for THE FINAL RUG PULL (as soon as enough degenerates are leveraging Long their entire savings.). What Im saying is be ready for this final rug pull to finally be seeing these Double Bottoms/V-Shaped recoveries VERY soon. DO NOT waste all your capital yet and MAKE SURE to use stop losses or else rather than stop losses you will be burdened with MUCH WORSE losses. Im currently not even in the market bc I am waiting on said rug pull. Ok for the Script now.
This script is similar to the last one but with the previous one, one general set of settings can produce VASTLY different results (might have 2 S/R lines on one coin and 80 on another). I wanted to fix that with this script, turn it into a "Market Overview" Scanner and create alerts for the MO Scanner to be able to get alerted any time a coin is passing its largest wick S/R levels bc DULY NOTE...it is VERY rare that a coin will blow past it if it hasn't approached it recently. That means that a small retrace of 3-5%(or more) is EASY to acquire (with leverage that can really add up with how many coins are in the Kucoin Margin Coin list that I have in my scanners). Now, once price does shoot through a level you best be sure to be looking down the line for a retest of the S/R level it blew past before as they are MANY times the retest level and price will be coming back to it before continuing
in the direction it was going. Depending on the TF your using this could be a few hours to a few days to a few weeks...you get it. With this script you can choose to draw S/R lines 2 ways: 1) by having it plot S/R lines on the end of the largest 2(3,4,5..however many you choose) wicks that the chart has access to. For the scanner ill just be putting the largest 2-3 wicks and set alerts when coming up to them/crossing them & 2) having it draw S/R lines on the ends of the largest X% of wicks. it will be erasing the lines and drawing new ones on each new candle occurrence so the same general settings will no longer be producing VASTLY diff amounts of S/R lines and will be way more consistent amongst the coins for better utilization with the scanner (when I publish it). There is also a Wick Max Cutoff % so for those coins that had it's first few hours printing 100% sized wicks...you can choose to ignore them so they are not taking up one of your top spots for the S/R lines. There is similarly a Wick % min Size that can be selected so if you’re using the top % setting, it will help decrease those coins that can be still plotting 30 lines even though the top 3% of the largest wicks are set in the settings. Hope Im being clear but it's easy enough. I believe in you and your capabilities of comprehending it all and getting it all figured out. So this script is for a visualization for the scanner that I will be uploading soon-after. It's always nice to get a few comments if my ideas/scripts have been helpful to you and please don't hold back if you have something to tell me that I screwed up on (I am still rather new to this coding thing but I like to think I at least have some fresh ideas that aren’t out there in the public library). Talk to you soon and may the force be with your trades. Peace and love people...peace and love. -ChasinAlts out.
Fsystem Pivot 1453 ScreenerHello,
This script provides scanning for our pivot 1453 script and should be used together.
I will try to explain the content with pictures.
Merhaba,
bu scriptimiz ,pivot 1453 scriptimiz için tarama yapılmasını sağlar ve beraber kullanılmalıdır.
sizlere içeriği resimler ile anlatmaya çalışacam.
Status column :
this column indicates that you are
from the Bear or Bull area at the last bar,
bear-positive bear appeared in the field,
bull -negative indicates that the bull is out of the field.
----------------
Durum Kolonu :
Bu kolon son barda Ayı veya Boğa alanda oldugunu ifade eder,
bear-positive ayı alandan çıktıgını,
bull -negative boğa alandan çıktığını ifade eder.
how bar ago column :
Indicates how many bars ago
the bull or bear crossed the area.
---------------------------------------
how bar ago kolonu :
boğa veya ayı alana kaç bar önce geçtiğini belirtir.
Level 1 distance column:
your last price
It is the percentage distance from the first pivot line that occurs when the Bull or Bear enters the field.
It gives information about how much the price has gained according to the 1st pivot and adds the color expression according to the current area.
-------------------------------------------
Level 1 distance kolonu :
son fiyatın
Boğa veya Ayı alana girdiğinde olusan ilk pivot çizgisine yüzdelik olarak uzaklığıdır.
1.pivota göre fiyat nekadar değer kazanmış bilgisini verir ve şu andaki alana göre renk ifadesinide katar.
which level column :
It gives information about the level of the price and colors it according to the relevant level.
----------------------------------------
which level kolonu :
fiyatın hangi seviyede oldugunun bilgisini verir ve ilgili seviyesine göre renklendirir.
Bottom distance column:
It gives the percentage distance
of the last price from the Support line.
-------------------------------------------------
Bottom distance kolonu :
Son fiyatın Destek çizgisine
yüzdelik uzaklığı bilgisini verir.
top distance column:
It gives the distance of the last price
from the peak, that is, to the resistance
point, as a percentage.
-------------------------------
top distance kolonu :
son fiyatın tepe yani direnç noktasına
uzaklığını yüzdelik olarak verir.
level up jump column :
If the price has closed on the line upwards
at the last bar and has passed to the
other level region, it gives information
about this.
-------------------------------------------
Level up jump kolonu :
eğer fiyat son barda yukarı doğru ,
çizgi üzerinde kapanış yapmış ve
diğer seviye bolgesine geçmiş ise
bunun bilgisini verir.
ema 60 and ema 360 column:
Returns the value of ema.
If the price is lower than the
relevant ema, it is turned
to a green ground if it is above red.
-----------------------------------
ema 60 ve ema 360 kolonu :
ema nın değerini verir.
eğer fiyat ilgili ema dan aşağı
ise kırmızı üstü ise yeşil zemine çevirilir.
Level Supp--Resis column:
gives the value of the top
resistance and the value of
the bottom support.
---------------------------
Level Supp--Resis kolonu :
tepe direncin değerini ve
dip desteğin değerini verir.
From the settings option of the script, you can narrow the result area by converting currency,
choosing a period, selecting a share, scanning another stock set and filtering integrated into the columns.
---------------------------------------------------------------------------------------------------------------------------------
scriptin ayarlar seçeneğinden ,para birimi çevirme ,periyot seçme,hisse seçme ,başka hisse seti tarama ve kolonlara entegreli filtreleme yaparak sonuç alanını daraltabilirsiniz.
Candlestick Pattern Criteria and Analysis Indicator█ OVERVIEW
Define, then locate the presence of a candle that fits a specific criteria. Run a basic calculation on what happens after such a candle occurs.
Here, I’m not giving you an edge, but I’m giving you a clear way to find one.
IMPORTANT NOTE: PLEASE READ:
THE INDICATOR WILL ALWAYS INITIALLY LOAD WITH A RUNTIME ERROR. WHEN INITIALLY LOADED THERE NO CRITERIA SELECTED.
If you do not select a criteria or run a search for a criteria that doesn’t exist, you will get a runtime error. If you want to force the chart to load anyway, enable the debug panel at the bottom of the settings menu.
Who this is for:
- People who want to engage in TradingView for tedious and challenging data analysis related to candlestick measurement and occurrence rate and signal bar relationships with subsequent bars. People who don’t know but want to figure out what a strong bullish bar or a strong bearish bar is.
Who this is not for:
- People who want to be told by an indicator what is good or bad or buy or sell. Also, not for people that don’t have any clear idea on what they think is a strong bullish bar or a strong bearish bar and aren’t willing to put in the work.
Recommendation: Use on the candle resolution that accurately reflects your typical holding period. If you typically hold a trade for 3 weeks, use 3W candles. If you hold a trade for 3 minutes, use 3m candles.
Tldr; Read the tool tips and everything above this line. Let me know any issues that arise or questions you have.
█ CONCEPTS
Many trading styles indicate that a certain candle construct implies a bearish or bullish future for price. That said, it is also common to add to that idea that the context matters. Of course, this is how you end up with all manner of candlestick patterns accounting for thousands of pages of literature. No matter the context though, we can distill a discretionary trader's decision to take a trade based on one very basic premise: “A trader decides to take a trade on the basis of the rightmost candle's construction and what he/she believes that candle construct implies about the future price.” This indicator vets that trader’s theory in the most basic way possible. It finds the instances of any candle construction and takes a look at what happens on the next bar. This current bar is our “Signal Bar.”
█ GUIDE
I said that we vet the theory in the most basic way possible. But, in truth, this indicator is very complex as a result of there being thousands of ways to define a ‘strong’ candle. And you get to define things on a very granular level with this indicator.
Features:
1. Candle Highlighting
When the user’s criteria is met, the candle is highlighted on the chart.
The following candle is highlighted based on whether it breaks out, breaks down, or is an inside bar.
2. User-Defined Criteria
Criteria that you define include:
Candle Type: Bull bars, Bear bars, or both
Candle Attributes
Average Size based on Standard Deviation or Average of all potential bars in price history
Search within a specific price range
Search within a specific time range
Clarify time range using defined sessions and with or without weekends
3. Strike Lines on Candle
Often you want to know how price reacts when it gets back to a certain candle. Also it might be true that candle types cluster in a price region. This can be identified visually by adding lines that extend right on candles that fit the criteria.
4. User-Defined Context
Labeled “Alternative Criteria,” this facet of the script allows the user to take the context provided from another indicator and import it into the indicator to use as a overriding criteria. To account for the fact that the external indicator must be imported as a float value, true (criteria of external indicator is met) must be imported as 1 and false (criteria of external indicator is not met) as 0. Basically a binary Boolean. This can be used to create context, such as in the case of a traditional fractal, or can be used to pair with other signals.
If you know how to code in Pinescript, you can save a copy and simply add your own code to the section indicated in the code and set your bull and bear variables accordingly and the code should compile just fine with no further editing needed.
Included with the script to maximize out-of-the-box functionality, there is preloaded as alternative criteria a code snippet. The criteria is met on the bull side when the current candle close breaks out above the prior candle high. The bear criteria is met when the close breaks below the prior candle. When Alternate Criteria is run by itself, this is the only criteria set and bars are highlighted when it is true. You can qualify these candles by adding additional attributes that you think would fit well.
Using Alternative Criteria, you are essentially setting a filter for the rest of the criteria.
5. Extensive Read Out in the Data Window (right side bar pop out window).
As you can see in the thumbnail, there is pasted a copy of the Data Window Dialogue. I am doubtful I can get the thumbnail to load up perfectly aligned. Its hard to get all these data points in here. It may be better suited for a table at this point. Let me know what you think.
The primary, but not exclusive, purpose of what is in the Data Window is to talk about how often your criteria happens and what happens on the next bar. There are a lot of pieces to this.
Red = Values pertaining to the size of the current bar only
Blue = Values pertaining or related to the total number of signals
Green = Values pertaining to the signal bars themselves, including their measurements
Purple = Values pertaining to bullish bars that happen after the signal bar
Fuchsia = Values pertaining to bearish bars that happen after the signal bar
Lime = Last four rows which are your percentage occurrence vs total signals percentages
The best way I can explain how to understand parts you don’t understand otherwise in the data window is search the title of the row in the code using ‘ctrl+f’ and look at it and see if it makes more sense.
█ [b}Available Candle Attributes
Candle attributes can be used in any combination. They include:
[*}Bodies
[*}High/Low Range
[*}Upper Wick
[*}Lower Wick
[*}Average Size
[*}Alternative Criteria
Criteria will evaluate each attribute independently. If none is set for a particular attribute it is bypassed.
Criteria Quantity can be in Ticks, Points, or Percentage. For percentage keep in mind if using anything involving the candle range will not work well with percentage.
Criteria Operators are “Greater Than,” “Less Than,” and “Threshold.” Threshold means within a range of two numbers.
█ Problems with this methodology and opportunities for future development:
#1 This kind of work is hard.
If you know what you’re doing you might be able to find success changing out the inputs for loops and logging results in arrays or matrices, but to manually go through and test various criteria is a lot of work. However, it is rewarding. At the time of publication in early Oct 2022, you will quickly find that you get MUCH more follow through on bear bars than bull bars. That should be obvious because we’re in the middle of a bear market, but you can still work with the parameters and contextual inputs to determine what maximizes your probability. I’ve found configurations that yield 70% probability across the full series of bars. That’s an edge. That means that 70% of the time, when this criteria is met, the next bar puts you in profit.
#2 The script is VERY heavy.
Takes an eternity to load. But, give it a break, it’s doing a heck of a lot! There is 10 unique arrays in here and a loop that is a bit heavy but gives us the debug window.
#3 If you don’t have a clear idea its hard to know where to start.
There are a lot of levers to pull on in this script. Knowing which ones are useful and meaningful is very challenging. Combine that with long load times… its not great.
#4 Your brain is the only thing that can optimize your results because the criteria come from your mind.
Machine learning would be much more useful here, but for now, you are the machine. Learn.
#5 You can’t save your settings.
So, when you find a good combo, you’ll have to write it down elsewhere for future reference. It would be nice if we could save templates on custom indicators like we can on some of the built in drawing tools, but I’ve had no success in that. So, I recommend screenshotting your settings and saving them in Notion.so or some other solid record keeping database. Then you can go back and retrieve those settings.
#6 no way to export these results into conditions that can be copy/pasted into another script.
Copy/Paste of labels or tables would be the best feature ever at this point. Because you could take the criteria and put it in a label, copy it and drop it into another strategy script or something. But… men can dream.
█ Opportunities to PineCoders Learn:
1. In this script I’m importing libraries, showing some of my libraries functionality. Hopefully that gives you some ideas on how to use them too.
The price displacement library (which I love!)
Creative and conventional ways of using debug()
how to display arrays and matrices on charts
I didn’t call in the library that holds the backtesting function. But, also demonstrating, you can always pull the library up and just copy/paste the function out of there and into your script. That’s fine to do a lot of the time.
2. I am using REALLY complicated logic in this script (at least for me). I included extensive descriptions of this ? : logic in the text of the script. I also did my best to bracket () my logic groups to demonstrate how they fit together, both for you and my future self.
3. The breakout, built-in, “alternative criteria” is actually a small bit of genius built in there if you want to take the time to understand that block of code and think about some of the larger implications of the method deployed.
As always, a big thank you to TradingView and the Pinescript community, the Pinescript pros who have mentored me, and all of you who I am privileged to help in their Pinescripting journey.
"Those who stay will become champions" - Bo Schembechler
GA - Value at RiskGA Value at Risk is a multifunctional tool. Its main purpose is to plot on the chart the Value at Risk . But it shows also integrated features related to the Volatility.
Value at Risk is a measure of the risk of loss for investments, given normal market conditions, in a period.
It measures and quantifies the level of financial risk. In this case, the risk is within position over a specific time frame.
Defining p as VaR, the probability of a loss greater than VaR is p, at most. Instead, the probability of loss that is less than VaR is 1-p, at least.
The VaR Breach occurs when a loss exceeds the VaR threshold .
For this case, VaR calculation uses the volatility estimation in a time interval. It defines the Probability Confidence according to the Normal Distribution. VaR is a percentile of the Normal Distribution. This is a multiplier of the Standard Deviation that define a Volatility Range.
The Normal Distribution Area around +- the Standard Deviation gives 68% of Confidence. 2 times the Standard Deviation returns a 95% of probability area. 3 time the Standard Deviation the Area returns 99.7% of Confidence.
Knowing VaR modeling, it is possible to determine the amount of a potential loss . Then, it is possible to know if there is enough capital to cover losses. In the same way, higher-than-acceptable risks forces reducing exposure in a financial instrument.
One of its practical use is to estimate the risk of an investment that is already at portfolio. Indeed, this is the purpose of the Value at Risk calculated in this script.
At the VaR Breach that investment has reached its worst scenario. Then, it can be the case to manage that investment into the balanced portfolio.
The Value at Risk does not tell when to enter the market.
Moving Averages
GA Value at Risk bases its calculations on a set of Moving Averages. Every feature of the script uses one of these Moving Averages for its algorithm.
Moving Averages from MA0 to MA8, are the core of each feature of the script.
By default, from MA0 to MA8, Moving Averages use the Fibonacci Series to define their lengths. This happens because of the power of the Golden Ratio in the market behavior.
Instead, the first moving average is an extra resource. Its purpose is to plot a Signal Line on the chart.
The script does not consider plotting every Moving Average on the chart. But it lets you enable the plotting of 7 Moving Averages (from MA0 to MA5 + Signal Line).
It is possible to select the Moving Average Formula to use in the script. This is a setting that affects every Moving Average. Then, it changes also the result of every feature of the script.
The selection is between:
Exponential Moving Average.
Simple Moving Average.
Weighted moving Average.
Simple Moving Averages and Pointers - Full Visibility
Moving Averages and Partial Visibility
The plotting of each Moving Average can be total or partial.
By default, the plotting of Moving Averages and Signal Line is partial.
When the price approaches a Moving Average a little part of the curve becomes visible. This highlights supports or resistances.
Besides, this tracking remains on the chart. Then it shows supports and resistances that the price reached during its progression.
The Partial Visibility Algorithm is a great advantage, ruling how to plot curves. It uses a parameter to set how much of the curves is to plot.
Exponential Moving Averages and Pointers - Partial Visibility
Exponential Moving Averages and Pointers - Full Visibility
Moving Averages and Pointers
As it is clear, it is not necessary to plot entire curves of Moving Averages on the chart. But it becomes relevant to plot Pointers to Moving Averages.
Indeed, the script plots horizontal segments that point to the latest Average Prices.
Every segment has a Label that shows Average Price, Length, and its related Moving Average (from MA0 to MA8). Besides, it is possible to extend the segment to right.
These pointers are a very useful automatization. They point to the Moving Averages. In this way, they show Dynamic Supports and Resistances as horizontal segments.
They are adaptive. Used together with the Volume Profile their progression approaches Edges of High Nodes.
This adaptive behavior makes easy to see when the price reaches Volume High Nodes and slows down.
Moving Average Pointers use the Partial Visibility Algorithm. In this case, the algorithm shows pointers with higher frequency than curves.
Moving Averages Pointers have:
Horizontal Segment as a Pointer with Arrow.
Label with details.
Circle to the current Average Price.
Weighted Moving Averages and Pointers - Full Visibility
Volatility Channels
Having Moving Averages, from MA0 to MA8, it is possible to plot 9 Volatility Channels.
Each Volatility Channel uses one of the Moving Averages, from MA0 to MA8.
Indeed, each Volatility Channel has the same designation of the Moving Average used.
The Standard Deviation defines the Volatility Range. It uses the length of the Moving Average related to the Volatility Channel.
The Volatility Range is unique for each Volatility Channel. In the same way, each Volatility Channel is unique because of its relation to only one Moving Average.
By default, each volatility channel has the 2 value as Standard Deviation Multiplier. This gives 95% of Confidence that the price will stay into the Volatility Range.
Using the Simple Moving Average, each Volatility Channel becomes a Bollinger Bands envelop.
Volatility Channels work very well even using Exponential or Weighted Moving Averages.
MA0 - Volatility Channel
Volatility Channels - From MA0 to MA8
Value at Risk (VaR)
GA Value at Risk plots VaR according to the volatility. The VaR plotting follows the Trend Momentum or Buying-Selling Waves.
By default, VaR follows the Trend Momentum by 2 times the Standard Deviation of MA0. Where MA0 is the first Moving Average and Volatility Channel of the set.
Besides, by default, the calculation of the Value at Risk is adaptive. It does not follow the Volatility Channel Bands. But it changes according to the fast reaction of the price into the Volatility Range.
By default, VaR follows the main momentum even if the price is moving in opposition to it. This occurs as long as the Trend Momentum persists.
In the settings box, It is possible to select the following of the latest Buying Wave or Selling Wave.
In this case, VaR changes according to the change of Buying Wave or Selling Wave. This means that, on these conditions, VaR follows main swings. Then it follows the weakening and the strengthening of the trend momentum as long as it persists.
The plotting of the Value at Risk can show these features:
Red cycle to show the Value at Risk at the current price.
Look Back Red Line that shows the progression of the Value at Risk.
Label with details.
MA0 - Value at Risk - Not Adaptive
MA0 - Value at Risk - Adaptive
It is possible to use a different Moving Average and Volatility Channel from the set. This affects the calculation and the plotting of the Value at Risk. In this way, the algorithm return the Value at Risk for the short, middle, or long-term.
Then, you can get the Value at Risk for that Financial Instrument, calculated for ~1 year or more so as for 1 month.
The Value at Risk does not tell you when to enter the market. Besides, it does not show you that the trend is changing.
MA3 - Value at Risk - Adaptive
Value at Profit (VaP)
The Value at Profit has a descriptive purpose. It points the Volatility Band that is opposite to the Value at Risk.
I chose Value at Profit as a designation for this feature. It does not tell you where to exit the market.
But is shows what the price progression is pointing on. This happens following the switching between Volatility Ranges.
The VaP follows the Volatility Band where the price tends to converge.
An outperforming or underperforming price is running faster than the average trend. Then when the price runs enough to converge to the Volatility Band, it is over extended or under extended.
At these conditions, the increased buying or selling pressure affects the price behavior. This slows down the price progression.
The Algorithm behind the Value at Profit is adaptive. Then the pointer jumps up and down the Volatility Bands of the 9 Volatility Channels. This occurs according to the price progression, following the switching between Volatility Ranges.
So, the VaP points a Volatility Band as long as the price can have chances to converges on it. Instead, when the price has chances to exceed the Volatility Band, the VaP points to the next one.
The plotting of the Value at Profit occurs enabling its Label with details.
Value at Profit - MA0 Volatility Channel Upper Band
Value at Profit - MA6 Volatility Channel Upper Band
Price Extension
When the price runs far away from the average trend price, GA Value at Risk can plot the price extension.
It shows the distance in percentage of the price from a Moving Average of the set. This tends to highlight conditions where the price is over or under extended.
An overbought or oversold condition precedes the shortening of the Trust. It is a cause of the hesitation of the price to continue its progression. This includes also Climactic Points and Signs of Dominance.
The Price Extension plotting uses a variation of the Partial Visibility Algorithm. It plots the Price Extension Arrow only when there are specific volatility conditions.
When the Partial Visibility is set to 0, the Price Extension Arrow is always visible on the chart.
The plotting of the Price Extension includes a Label with details.
Over Extension - The Price is Outperforming MA0
Under Extension - The Price is Underperforming MA0
Price Extension Coloring for Bars and Line Chart
GA Value at Risk lets you enable the coloring of vertical charts. Green and Red colors mark the over and under extended price on bars, candle sticks, and also on the Line Chart.
The Price Extension Algorithm colors Bars and Line Chart by a momentum function.
Indeed, the coloring happens following Relative Strength Index or Bollinger Bands %B.
These 2 Momentum functions are different. Indeed, they color the chart according to the purpose of their curves.
Coloring the Line Chart, it is necessary to put on front the script visibility.
Overbought and Oversold Conditions on Line Chart by Bollinger Bands %B
Overbought and Oversold Conditions on Candlesticks Chart by Relative Strength Index
Note: I restrict access to the tool. Use the links in my signature field to gain access to the script. Feel free to send me a PM for any question.
Thank you
Girolamo Aloe
Founder of Profiting Me Finance Analytics
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Disclaimer
Nobody in Girolamo Aloe websites and trading view profile is a Financial Advisor. Nothing therein is intended to be constructed as Financial Advice. The content on his websites is for information and educational purposes only.
Trading carries high risk. You should not invest money that you cannot afford to lose. Past performance is not an indication of future results.
Fusion Scalper Pro🚀 Unlock precision trading with Fusion Scalper Pro – a high-performance, invite-only TradingView indicator trusted by scalpers and intraday traders worldwide.
Designed for Forex, Crypto, Stocks, and Indices, this powerful tool delivers high winrate buy/sell signals, dynamic trend clouds, and smart risk management — all directly on your chart.
✅ What Makes Fusion Scalper Pro Different?
🔹 Smart Buy/Sell Signal Logic
Get alerted to high-probability entries with real-time visual markers powered by multi-layered confluence logic (trend + momentum + volume).
🔹 All-Pairs Compatibility
Use on any market: EUR/USD, BTC/USD, SPX500, Gold, NASDAQ, and more — works seamlessly on 1M to 4H timeframes.
🔹 Adaptive Trend Cloud System
Stay on the right side of the market with a clean, colored trend cloud designed for both scalping and swing trading.
🔹 Risk Management Built-In
Auto-generated TP1/TP2/TP3 zones and dynamic stop-loss levels plotted directly on the chart.
🔹 Session-Aware Filtering
Optimized for London, New York, and Asian sessions with smart logic that adapts filters based on market activity.
The same level of algorithmic power you get with Fusion Scalper Pro is being sold elsewhere for over $700 — and often with fewer features.
🖥️ How It Works:
✅ This is a private invite-only script on TradingView.
After purchase, send us your TradingView username via email to:
📩 contact fusionscalperpro.com
Access will be granted manually within 24 hours (usually much sooner).
Once approved, you'll find the script under your “Invite-Only Scripts” tab on TradingView.
📂 What You Receive:
✅ Lifetime access to Fusion Scalper Pro
✅ Full usage guide (PDF)
✅ Customer support for setup or questions
✅ All future updates included
📌 Important Notes:
🟠 No physical item will be shipped – this is an Invite-only TradingView script.
📧 Please include your correct TradingView username to avoid delays.
⚠️ Disclaimer:
This product is not affiliated with or endorsed by TradingView. It is for informational and educational purposes only and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
MMTools - Screener❖ Overview
Screener expands your market insights and provides an efficient way to monitor real-time signals from Catcher across hundreds of charts on a single screen.
Each cell in the table displays the number of indicator signals. For instance, a value of "1" in the row labeled ‘BTCUSDT.P’ and column ‘30’ indicates one long signal on the 30-minute Bitcoin chart within the selected lookback period. “0” means no signal in the lookback.
❖ Multi-Table Construction
Screener supports flexible layouts and overlays. To build a multi-table interface, simply add multiple instances of the script to your chart. For optimal usability, it is recommended to allocate a dedicated panel or tab.
⚙️ Key Parameters to Customize Initially
Indicator Lookback: Defines how far back Screener checks for signals.
Symbols: Choose up to 20 symbols. Use additional tables to expand coverage.
Size: Adjusts the overall dimensions of the table.
Display Settings: Customize colors, opacity, and symbol visibility. For dark theme charts, set color opacity to 100% and transparency to 0%.
⚙️ Per-Table Adjustable Parameters
Timeframe: This defines the interval for signal collection across all symbols displayed in the top row of the table. It must be equal to or greater than the chart’s timeframe, otherwise the script will deliberately trigger an error. For multiple tables, use a lower chart timeframe (e.g., 1 minute) to meet this requirement.
Table Positioning: Use either the “Position” (predefined screen locations) or “Block” (stacked layout) parameters. The “Block” method enables a greater number of tables by aligning them side-by-side efficiently.
-- Multi-table example demonstrating the use of the ’Position’ parameter --
-- Multi-table example demonstrating the use of the ’Block’ parameter --
❖ Access
Please refer to the Author's Instructions field to request access to the script.
-----------------------------------------------------------
Disclaimer
The information provided by my scripts is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always do your own research before making financial decisions.
weighted support or resistance linesQ: Why should users choose this script?
A: I found that in all the publicly available scripts about support and resistance lines, there is basically no weight identification for these lines. In other words, users do not know which support or resistance lines are the most important. So I specifically wrote this script.
1. By adjusting the weights, only the most effective support or resistance lines are displayed. (Length threshold of trend price (Bar))
2. By selecting the number of K-lines, only the latest number of support or resistance lines generated will be displayed. (Maximum number of reserved S/R lines)
3. By selecting whether to automatically remove lines, only support or resistance lines that have not been penetrated by the k-line will be displayed. If this function is checked, the weight can be adjusted lower, as high-weight SR may have already been penetrated, and the newly generated SR may have a lower weight. (Automatically remove lines penetrated by closing price confirmation)
4. Notes: The default parameters work well in 15-minute candlestick charts. For candlestick charts with other time periods, the parameters can be adjusted appropriately. It is suitable for sideways trading but not for strong trends.
5. I'm quite satisfied with the performance of the script, as I specifically optimized it, lol
Trend with ADX/EMA - Buy & Sell SignalsThis script is designed to help traders make buy and sell decisions based on trend analysis using two key methods: ADX (Average Directional Index) and EMA (Exponential Moving Averages). Here's a breakdown in simple terms:
What Does It Do?
Identifies the Trend's Strength and Direction:
Uses the ADX indicator to determine how strong the trend is.
Compares two lines (DI+ and DI−) to identify whether the trend is moving up or down.
Generates Buy and Sell Signals:
Uses two EMAs (a fast one and a slow one) to check when the price crosses key levels, signaling a possible buy or sell opportunity.
Plots visual indicators (arrows and labels) for easy interpretation.
Color-Codes the Chart:
Highlights the background in green when the trend is bullish (uptrend).
Highlights the background in red when the trend is bearish (downtrend).
Alerts the User:
Creates alerts when specific conditions for buying or selling are met.
Key Components:
1. ADX (Trend Strength & Direction)
What is ADX?
ADX measures how strong the trend is (not the direction). Higher ADX means a stronger trend.
It also calculates two lines:
DI+: Measures upward movement strength.
DI−: Measures downward movement strength.
How It Works in the Script:
If DI+ is greater than DI−, it’s a bullish trend (upward).
If DI− is greater than DI+, it’s a bearish trend (downward).
The background turns green for an uptrend and red for a downtrend.
2. EMA (Buy and Sell Decisions)
What is EMA?
EMA is a moving average that gives more weight to recent prices. It’s used to smooth out price fluctuations.
How It Works in the Script:
The script calculates two EMAs:
Fast EMA (short-term average): Reacts quickly to price changes.
Slow EMA (long-term average): Reacts slower and shows overall trends.
When the Fast EMA crosses above the Slow EMA, it’s a signal to Buy.
When the Fast EMA crosses below the Slow EMA, it’s a signal to Sell.
These signals are marked on the chart as "Buy" and "Sell" labels.
3. Buy and Sell Alerts
The script sets up alerts for the user:
Buy Alert: When a crossover indicates a bullish signal.
Sell Alert: When a crossunder indicates a bearish signal.
Visual Elements on the Chart:
Background Colors:
Green: When the DI+ line indicates an uptrend.
Red: When the DI− line indicates a downtrend.
EMA Lines:
Green Line: Fast EMA.
Red Line: Slow EMA.
Buy/Sell Labels:
"Buy" label: Shown when the Fast EMA crosses above the Slow EMA.
"Sell" label: Shown when the Fast EMA crosses below the Slow EMA.
Why Use This Script?
Trend Analysis: Helps you quickly identify the strength and direction of the market trend.
Buy/Sell Signals: Gives clear signals to enter or exit trades based on trend and EMA crossovers.
Custom Alerts: Ensures you never miss a trading opportunity by notifying you when conditions are met.
Visual Simplicity: Makes it easy to interpret trading signals with color-coded backgrounds and labeled arrows.
Custom Dual EMA Crossover Strategy with Configurable LogicThis strategy is designed to assist traders in identifying and capitalizing on bullish market trends through a systematic and data-driven approach. It incorporates detailed trend analysis, volatility filtering, and percentage-based thresholds to provide actionable insights and high-confidence trade setups. It leverages the Exponential Moving Average and combines it with custom logic to detect volatility, maximum allowed price movements over last bars and trend confirmation.
Key Features:
- Buy orders follow several conditions, including but not limited to:
a. EMA Crossover: specifically designed to capture immediate market shifts rather than medium- or long-term trends, ensuring responsiveness to rapidly changing conditions but requiring additional confirmations to avoid false signals (see below).
b. Thresholds in Price Changes: Ensures recent price fluctuations remain within specific thresholds, allowing trades to be entered at optimal times and avoiding delayed or unsustainable short-term bullish trends.
c. Adequate Market Volatility: Requires sufficient market activity to avoid false signals stemming from low volatility conditions.
d. Bullish Medium-Term Trend: Validates a bullish medium-term trend using an EMA crossover to avoid trading during bearish market conditions and minimize risk.
- Leverages Take profit and Stop loss levels
- Implements an optional mechanism to automatically close trades after a predefined number of bars, supporting disciplined trade management.
The script does not rely on any public scripts or indicators. Apart the EMA, all the underlying logic, including the volatility thresholds and filtering mechanisms, has been custom developed to ensure originality and precision. The strategy's conditions are all configurable by the user in the TradingView pop-up, allowing it to adapt to different assets and timeframes. For example, users can set the EMA lengths to align with long-term trends for cryptocurrencies or adjust volatility thresholds to account for the specific price movement behavior of stocks or forex pairs.
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Recommendations:
- Identify a crypto asset with potential
- Before live trading, rigorously backtest your strategy on the chosen asset and interval over a period of at least one year*, analyzing results, refining parameters' value and eventually changing timeframe and / or asset.
- Refine your approach until you achieve consistent profitability with a high win rate. Balance the two — a high win rate is great, but only if your profits outweigh your losses in the long term.
- Once successful, remain disciplined and adhere to the parameters that yield the best results. Set up TradingView alerts to trigger real-time actions via your preferred trading bot. Alerts can be set up on the Indicator, which mirrors the strategy's logic and enables users to execute real-time actions effectively. I will provide you access to the Indicator, as well as the Strategy.
* Alternatively, you can apply the strategy to a shorter period for tactical use. While this approach may increase short-term opportunities (e.g. strong bullish short term movements), it also comes with heightened risks.
Use Cases:
- Suitable for traders focusing on bullish or range-bound markets.
- Ideal for short to medium-term trading horizons.
Access and Configuration Support:
This is an invite-only script. For access, please reach out directly for subscription details. I also provide guidance on configuring the strategy with real-world examples to optimize its use for various assets, intervals and timeframes.
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Disclaimer:
This script is a tool to support trading decisions and does not guarantee profitability. Past performance does not indicate future results. Trading carries inherent risks; always trade responsibly and manage risk accordingly.
Volatility Signaling 50SMAOverview of the Script:
The script implements a volatility signaling indicator using a 50-period Simple Moving Average (SMA). It incorporates Bollinger Bands and the Average True Range (ATR) to dynamically adjust the SMA's color based on volatility conditions. Here's a detailed breakdown:
Components of the Script:
1. Inputs:
The script allows the user to customize key parameters for flexibility:
Bollinger Bands Length (length): Determines the period for calculating the Bollinger Bands.
Source (src): The price data to use, defaulting to the closing price.
Standard Deviation Multiplier (mult): Scales the Bollinger Bands' width.
ATR Length (atrLength): Sets the period for calculating the ATR.
The 50-period SMA length (smaLength) is fixed at 50.
2. Bollinger Bands Calculation:
Basis: Calculated as the SMA of the selected price source over the specified length.
Upper and Lower Bands: Determined by adding/subtracting a scaled standard deviation (dev) from the basis.
3. ATR Calculation:
Computes the Average True Range over the user-defined atrLength.
4. Volatility-Based Conditions:
The script establishes thresholds for Bollinger Band width relative to ATR:
Yellow Condition: When the band width (upper - lower) is less than 1.25 times the ATR.
Orange Condition: When the band width is less than 1.5 times the ATR.
Red Condition: When the band width is less than 1.75 times the ATR.
5. Dynamic SMA Coloring:
The 50-period SMA is colored based on the above conditions:
Yellow: Indicates relatively low volatility.
Orange: Indicates moderate volatility.
Red: Indicates higher volatility.
White: Default color when no conditions are met.
6. Plotting the 50-Period SMA:
The script plots the SMA (sma50) with a dynamically assigned color, enabling visual analysis of market conditions.
Use Case:
This script is ideal for traders seeking to assess market volatility and identify changes using Bollinger Bands and ATR. The colored SMA provides an intuitive way to gauge market dynamics directly on the chart.
Example Visualization:
Yellow SMA: The market is in a low-volatility phase.
Orange SMA: Volatility is picking up but remains moderate.
Red SMA: Higher volatility, potentially signaling significant market activity.
White SMA: Neutral/default state.
Previous High and Low Count with Probabilities + Risk On/Off1. Purpose of the Script:
This trading script combines two important concepts:
Previous High and Low Count: It tracks whether the current price exceeds the previous day’s high or low and calculates probabilities for the next price movement (up or down).
Risk On / Risk Off Indicator: It evaluates market sentiment through various indicators (such as the Fear & Greed Index, VIX, and others) and shows whether the market is in a risk-on or risk-off state. This information impacts the probabilities of price movement.
2. How it Works:
Previous High and Low:
The script tracks how often the price exceeds the previous day’s high or low and calculates the probability of an upward or downward movement based on that. This gives you an idea of how often the market reacts at the previous day's high or low.
Risk On / Risk Off:
Based on various market factors (Fear & Greed Index, VIX, Put-Call Ratio, etc.), the script calculates the Risk On or Risk Off state.
In Risk On, the probability of an upward movement increases, and the probability of a downward movement decreases. In Risk Off, it’s the opposite.
Adjusted Probabilities:
The probabilities for an Up or Down movement are adjusted based on the current Risk On / Risk Off state. In a Risk On environment, the probability for an upward move increases, while in a Risk Off environment, the probability for a downward move increases.
3. How to Use the Script:
Add the Script in TradingView:
TradingView:
Click on "Add to Chart" to apply the script to your chart.
Manual Input of Indicators:
For the Fear & Greed Index, VIX, and other indicators, you need to manually enter the current values. You can get these values from various publicly available sources:
Fear & Greed Index: CNN Fear & Greed Index
VIX (Volatility Index): VIX Index
Other indicators like Put-Call Ratio, Bitcoin Volatility, Oil Prices, and US Dollar Index can also be manually inputted, and they can be found on finance websites like Yahoo Finance, MarketWatch, and Bloomberg.
Observe the Colors and Symbols:
If the market is in a Risk On state, the background will turn green, and a green triangle will appear below the candle.
If the market is in a Risk Off state, the background will turn red, and a red triangle will appear above the candle.
Track the Probabilities:
A label will appear on the chart showing the calculated probabilities for Up and Down movements. These probabilities are adjusted based on the current market state (Risk On/Off).
4. Meaning of the Probabilities:
Up Probability: Indicates the probability that the price will rise.
Down Probability: Indicates the probability that the price will fall.
The probabilities are dynamic and adjust based on the Risk On / Risk Off state, helping you make better decisions based on the current market conditions.
Johnny's Moving Average RibbonProps to Madrid for creating the original script: Madrid Moving Average Ribbon.
All I did was upgrade it to pinescript v5 and added a few changes to the script.
Features and Functionality
Moving Average Types: The indicator offers a choice between exponential moving averages (EMAs) and simple moving averages (SMAs), allowing users to select the type that best fits their trading strategy.
Dynamic Color Coding: Each moving average line within the ribbon changes color based on its direction and position relative to a reference moving average, providing visual cues for market sentiment and trend strength.
Lime Green: Indicates an uptrend and potential long positions, shown when a moving average is rising and above the longer-term reference MA.
Maroon: Suggests caution for long positions or potential short reentry points, displayed when a moving average is rising but below the reference MA.
Ruby Red: Represents a downtrend, suitable for short positions, shown when a moving average is falling and below the reference MA.
Green: Signals potential reentry points for downtrends or warnings for uptrend reversals, displayed when a moving average is falling but above the reference MA.
Usage and Application
Trend Identification: Traders can quickly ascertain the market's direction at a glance by observing the predominant color of the ribbon and its orientation.
Trade Entry and Exit Points: The color transitions within the ribbon can signal potential entry or exit points, with changes from green to lime or red to maroon indicating shifts in market momentum.
Customization: Users have the flexibility to toggle between exponential and simple moving averages, allowing for a tailored analytical approach that aligns with their individual trading preferences.
Technical Specifications
The ribbon consists of multiple moving averages calculated over different periods, typically ranging from shorter to longer-term intervals to capture various aspects of market behavior.
The color dynamics are determined by comparing each moving average to a reference point, often a longer-term moving average within the ribbon, to assess the relative trend strength and direction.
[ADOL_]Trend_Oscillators_MTF
ENG) Trend_Oscillator_MTF
introduction)
This is a trend analyzer implemented in the form of an oscillator.
An oscillator is a technical analysis tool that identifies the direction of market trends and determines the time period. Making it an oscillator means creating range. By setting the upper and lower limits like this, the unlimited expansion area that can appear on the chart is limited. As a limited area is created, we can identify oversold and overbought areas, which is good for checking momentum.
Through oscillatorization, you can find overbought, oversold, and current trend areas.
It adopts MTF and is a simple but functional indicator.
To use multiple time frames, use the timeframe.multiplier function.
A table was created using the table.new function, and various information windows were installed on the right side of the chart.
I hope this can be a destination for many travelers looking for good landmarks.
- 8 types of moving averages can be selected (in addition to independently developed moving averages), trend area display, signal display, up to 3 multi-time chart overlapping functions, information table display, volatility and whipsaw search, and alerts are possible.
- You can set various time zones in Timeframe. With three timeframes, you can check the conditions overlapping time at a glance.
principle)
Set up two moving averages with different speeds and make the relative difference.
Create the speed difference between the two moving averages using methods such as over = crossover(fast, slow) and under = crossunder(fast, slow).
The point at which the difference in relative speed decreases is where the possibility of inflection is high. Through the cross code, you can find out when the speed difference becomes 0.
Simply crossing the moving average is easy. To fine-tune the speed difference, it is necessary to re-establish the relationship between functions.
Painting the green and red areas is designed to be painted when the three time frames overlap.
Using the code of fill(fast, slow, color = fast>= slow? color.green: color.red, transp = 80, title = "fillcolor")
You can color and distinguish areas.
MA: You can select the MA_type. This is a necessary option because the profit/loss ratio for each item varies depending on the type of moving average.
Start: The starting value to set the oscillator range.
End: This is the last value to set the oscillator range.
Lenght: This is the number of candles used to calculate the calculation formula in the oscillator.
Timeframe: Set the time to overlap with up to 3 time frames.
repaint: You can choose whether to apply repaint. The default is OFF.
The coding for repaint settings for the indicator was written using the recommended method recommended by TradingView.
reference :
security(syminfo.tickerid, tf, src)
Trading method)
With the Multi-Time-Frame (MTF) function, the time zone set in the indicator is displayed the same in any chart time zone.
The repaint problem that occurred when using MTF was resolved by referring to TradingView's recommended code.
User can decide whether to repaint or not. The default is OFF.
- signal
Buy and Sell signals are displayed when there are 3 stacks. Even if there is no triple overlap, you can decide to buy or sell at the point where the short-term line and long-term line intersect.
Entry is determined through Buy and Sell signals, and exit is determined through BL (BuyLoss) and SL (SellLoss).
BL and SL can also be applied as entry.
You can judge overlap by the color of the lines. When two conditions overlap, it is orange, and when one condition overlaps, it is blue.
- Divergence
Divergence is a signal that arises from a discrepancy between the oscillator and the actual price.
Divergence can be identified because the range is set with conditions that have upper and lower limits.
- trend line
As shown in the picture, draw a downward trend line connecting the high points in the same area.
As shown in the picture, an upward trend line is drawn connecting the low points in the same area.
It can be used to view trend line breakout points that candles cannot display.
- Find a property for sale by amplitude
When the low point in the red area and the high point in the green area occur, the difference is regarded as one amplitude and the range is set.
Here, one amplitude becomes a pattern value that can go up or down, and this pattern value acts as support/resistance. It was developed in a unique way that is different from traditional methods and has a high standard of accuracy. This works best when using that indicator. Use 1, 2, 3, or 4 multiples of the amplitude range.
A multiple of 2 is a position with a high probability of a retracement.
- Whipsaw & volatility search section
Whipsaw refers to a trick that causes frequent trading in a convergence zone or confuses the trend in the opposite direction before it occurs. Whip saws are usually seen as having technical limitations that are difficult to overcome.
To overcome this problem, the indicator was created to define a section where whipsaw and volatility can appear. If a whipsaw & volatility indicator section occurs, a big move may occur later.
Alert)
Buy, Sell, BuyLoss, SellLoss, Whipsaw alert
Disclaimer)
Scripts are for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You are solely responsible for evaluating the risks associated with your script output and use of the script.
KOR) 트렌드_오실레이터_MTF
소개)
이것은 오실레이터 형태로 구현된 트렌드 분석기 입니다.
오실레이터는 시장의 추세방향을 확인하고 기간을 결정하는 기술적 분석 도구입니다. 오실레이터로 만드는 것은 범위가 생기는 것을 의미합니다. 이렇게 상한과 하한을 정함으로써, 차트에서 나타날 수 있는 무제한적인 확장영역이 제한됩니다. 제한된 영역이 만들어짐에 따라 우리는 과매도와 과매수 구간을 식별할 수 있게 되며, 모멘텀을 확인하기 좋습니다.
오실레이터화를 통해, 과매수와 과매도, 현재의 트렌드 영역을 잘 찾을 수 있습니다.
MTF를 채택했으며, 단순하지만, 기능적으로 훌륭한 지표입니다.
멀티타임프레임을 사용하기 위해 timeframe.multiplier 함수를 사용합니다.
table.new 함수를 사용하여 table을 만들고, 차트 우측에 여러가지 정보창을 갖췄습니다.
좋은 지표를 찾는 많은 여행자들에게 이곳이 종착지가 될 수 있기를 바랍니다.
- 이평선 종류 8종 선택(독자적으로 개발한 이평선 추가), 추세영역표시, 시그널 표기, 최대 3개 멀티타임차트 중첩기능, 정보테이블 표시, 변동성과 휩쏘찾기, 얼러트가 가능합니다.
- Timeframe에서 다양한 시간대를 설정할 수 있습니다. 3개의 Timeframe을 통해 시간을 중첩한 조건을 한눈에 확인할 수 있습니다.
원리)
속도가 다른 두 개의 이평선을 설정하고 상대적인 차이를 만듭니다.
over = crossover(fast, slow) , under = crossunder(fast, slow) 와 같은 방법으로 두개의 이평선의 속도차이를 만듭니다.
상대적 속도의 차이가 줄어드는 시점은 변곡의 가능성이 높은 자리입니다. cross code를 통해 속도차가 0이 되는 시점을 알 수 있습니다.
단순히 이평선을 교차하는 것은 쉽습니다. 세밀하게 속도차이를 조정하는데 함수간의 관계를 다시 설정할 필요가 있습니다.
초록색과 빨간색의 영역을 칠하는 것은 3가지 타임프레임이 중첩될 때 칠하도록 만들어졌습니다.
fill(fast, slow, color = fast>= slow? color.green: color.red, transp = 80, title = "fillcolor") 의 코드를 사용하여
영역을 색칠하고 구분할 수 있습니다.
MA : MA_유형을 선택할 수 있습니다. 이평선의 종류에 따라 종목당 손익비가 달라지므로 꼭 필요한 옵션입니다.
Start : 오실레이터 범위를 설정할 시작값입니다.
End : 오실레이터 범위를 설정할 마지막값입니다.
Lenght : 오실레이터에서 계산식을 산출하기 위한 캔들의 개수입니다.
Timeframe : 최대 3개의 타임프레임으로 중첩할 시간을 설정합니다.
repaint : 리페인팅을 적용할지 선택할 수 있습니다. 기본값은 OFF 입니다.
해당 지표의 리페인트 설정에 관한 코딩은 트레이딩뷰에서 권장하는 추천 방법으로 작성되었습니다.
참고 :
security(syminfo.tickerid, tf, src)
매매방법)
Multi-Time-Frame(MTF) 기능으로 지표에서 설정한 시간대가 어느 차트 시간대에서나 동일하게 표시됩니다.
MTF 사용시 발생하는 리페인트 문제는 트레이딩뷰의 권장코드를 참고하여 해결했습니다.
사용자가 리페인트 여부를 결정할 수 있습니다. 기본값은 OFF 입니다.
- 시그널
시그널의 Buy와 Sell은 3중첩일 경우 표시됩니다. 3중첩이 아니라도 단기선과 장기선이 교차되는 시점에서 매매를 결정할 수 있습니다.
Buy와 Sell 시그널에서 진입을 결정하고 BL(BuyLoss)와 SL(SellLoss) 에서 exit를 결정합니다.
BL과 SL을 진입으로 응용할 수도 있습니다.
라인의 컬러로 중첩을 판단할 수 있습니다. 2개의 조건이 중첩되면 오렌지, 1개의 조건이 중첩되면 블루컬러입니다.
- 다이버전스
다이버전스는 오실레이터와 실제 가격의 불일치에서 발생하는 신호입니다.
상한과 하한이 있는 조건으로 범위를 설정하였기 때문에 다이버전스를 식별가능합니다.
- 추세선
그림과 같이 같은 영역의 고점을 이어 하락추세선을 긋습니다.
그림과 같이 같은 영역의 저점을 이어 상승추세선을 긋습니다.
캔들이 표시할 수 없는 추세선돌파 지점을 볼 수 있게 활용가능합니다.
- 진폭으로 매물대 찾기
빨간색 영역의 저점과 초록색 영역의 고점이 발생할 때, 그 차이를 하나의 진폭으로 보고 범위를 설정합니다.
여기서 하나의 진폭은 위나 아래로 갈 수 있는 패턴값이 되며, 이 패턴값은 지지/저항으로 작용합니다. 전통적인 방식에 없는 독창적인 방식으로 개발된 것으로 정확성 높은 기준입니다. 이것은 해당 지표를 사용할 때 가장 잘 맞습니다. 진폭 범위의 1배수,2배수,3배수,4배수 자리를 사용합니다.
2배수 자리는 다시 돌아오는 되돌림 확률이 높은 위치입니다.
- 휩쏘&변동성 찾기 구간
휩쏘는 수렴구간에서 잦은 매매를 유발하거나, 추세가 발생하기 전에 반대방향으로 혼란을 주는 속임수를 의미합니다. 휩쏘는 보통 극복하기 어려운 기술적 한계로 여겨집니다.
해당지표에서는 이를 극복하기 위해 휩쏘와 변동성이 나타날 수 있는 구간을 정의하도록 만들었습니다. 휩쏘&변동성 표시 구간이 발생하면 이후 큰 움직임이 발생할 수 있습니다.
얼러트)
Buy, Sell, BuyLoss, SellLoss, Whipsaw alert
면책조항)
스크립트는 정보 제공 및 교육 목적으로만 사용됩니다. 스크립트의 사용은 전문적 및/또는 재정적 조언으로 간주되지 않습니다. 스크립트 출력 및 스크립트 사용과 관련된 위험을 평가하는 책임은 전적으로 귀하에게 있습니다.
Liquidity Heatmap [BigBeluga]The Liquidity Heatmap is an indicator designed to spot possible resting liquidity or potential stop loss using volume or Open interest.
The Open interest is the total number of outstanding derivative contracts for an asset—such as options or futures—that have not been settled. Open interest keeps track of every open position in a particular contract rather than tracking the total volume traded.
The Volume is the total quantity of shares or contracts traded for the current timeframe.
🔶 HOW IT WORKS
Based on the user choice between Volume or OI, the idea is the same for both.
On each candle, we add the data (volume or OI) below or above (long or short) that should be the hypothetical liquidation levels; More color of the liquidity level = more reaction when the price goes through it.
Gradient color is calculated between an average of 2 points that the user can select. For example: 500, and the script will take the average of the highest data between 500 and 250 (half of the user's choice), and the gradient will be based on that.
If we take volume as an example, a big volume spike will mean a lot of long or short activity in that candle. A liquidity level will be displayed below/above the set leverage (4.5 = 20x leverage as an example) so when the price revisits that zone, all the 20x leverage should be liquidated.
Huge volume = a lot of activity
Huge OI = a lot of positions opened
More volume / OI will result in a stronger color that will generate a stronger reaction.
🔶 ROUTE
Here's an example of a route for long liquidity:
Enable the filter = consider only green candles.
Set the leverage to 4.5 (20x).
Choose Data = Volume.
Process:
A green candle is formed.
A liquidity level is established.
The level is placed below to simulate the 20x leverage.
Color is applied, considering the average volume within the chosen area.
Route completed.
🔶 FEATURE
Possibility to change the color of both long and short liquidity
Manual opacity value
Manual opacity average
Leverage
Autopilot - set a good average automatically of the opacity value
Enable both long or short liquidity visualization
Filtering - grab only red/green candle of the corresponding side or grab every candle
Data - nzVolume - Volume - nzOI - OI
🔶 TIPS
Since the limit of the line is 500, it's best to plot 2 scripts: one with only long and another with only short.
🔶 CONCLUSION
The liquidity levels are an interesting way to think about possible levels, and those are not real levels.
Broadview Algorithmic StudioWelcome! This is the writeup for the Broadview Algorithmic Studio.
There are many unique features in this script.
- Broadview Underpriced & Overpriced
- Broadview Blackout Bollinger Bands
- Trailing Take Profit Suite
- Algorithmic Weights
- VSA Score
- Pip Change Log
- Activation Panel
- Weight Scanner
There are 116 primary inputs that allow users to algorithmically output unique DCA signal-sets. There are 85 inputs that allow users to control individual lengths, levels, thresholds, and multiplicative weights of the script. You will not find any other script with this many inputs, properly strung together for you to produce unlimited strategies for any market. The entire premise for the Broadview Algorithmic Studio is for users to be able to have extensive-cutting-edge features that allow them to produce more strategies, having control over every element that outputs a signal set. The number of unique strategies you can output with this script is VAST, and each continues to follow a safe DCA methodology.
This script is ready for use with 3Commas, interactive brokers, and other means of automation. It provides detailed information on Base Orders and Safety Orders, giving the number, cumulative spending, position average, and remaining balance for each SO in the series. Using this script we will explore the depths of strategic volume scaling, and the algorithms we use to determine spending.
Let me first start by saying the number of safe DCA-friendly signal-sets this script can output is absolutely staggering.
Let's limit the scope just to the Broadview Underpriced & Overpriced and Broadview Dominance indicators.
Each band of the Dominance Suite can be controlled individually with unique lengths, levels, and weights. This means the Dominance Suite can establish Bearish or Bullish dominance, in any market condition, and give it a unique overloading weight. The Broadview Underpriced & Overpriced indicator finally gives us the ability to establish these "market conditions" first with cycles. Of all the cycles this indicator establishes, the two primary are Underpriced & Overpriced. We determine this using a composite Overbought & Oversold with an Exponential Moving Average. So the script can now know, what cycle it is in, who is dominant during that cycle, and exactly how much weight in volume scaling the order should have.
Brand new is the ability for indicators of this level to be able to talk together in a single script. The Broadview Underpriced & Overpriced indicator and the Broadview Dominance indicator can inform one another across multiple vectors, create a unique market snapshot, and give that snapshot a unique weight every bar. The unique weight is compiled in the volume scaling math, thus giving us an automated-strategic-safe and quite efficient volume scaling for every order. In our coming updates we will explore this synergy to its very deepest layers. These indicators can be laced together in many ways, called vectors.
Only in the Algorithmic Studio do we explore these depths and yield those findings, features, and inputs to the user.
Let me take a quick break to explain another area-of-opportunity for our research and development.
The VSA Score is something we've tried before, but until the creation of the Broadview Blackout Bollinger Bands Auto Indicator it was not possible. The concept we want to explore is "Positional Honing". Over time we want users and the script itself to be able to understand the difference between a script-config that produces a high number of Hits, from a configuration that produces a high number of "Misses". The Volume Scaling Accuracy Score uses the BBB Auto Indicator as a heavily reliable, non-repainting, method of determining what the very-best signals for increased volume-scaling are.
Increased volume scaling is denoted by the near-white highlighter line running vertically. This line will either fall inside the BBB Auto Indicator bands (which are hidden), or, they will fall below and outside the BBB Auto bands. If increased spending happens inside the bands it's a "Miss". If increased spending happens below and outside the bands, it's a Hit. Oftentimes misses are actually pretty good spots for extra spending, which helps lower your position average, but Hits are always better. The Hits that the BBB Auto Indicator provides are extremely good.
Let's talk about the Trailing Take Profit Suite. This suite allows us to set a trailing take profit which is a feature that lets one maximize their profits. If the trailing take profit is engaged, then when the regular take profit is hit, it will trigger, denoted in red vertical lines, and the trailing take profit will look for a specified rate of change before it actually takes profit. This usually helps traders in those times when their regular take profit was set too low, allowing them to maximize their profits with a Trailing Take Profit.
For the moment, let's think about our scores. In the dashboard you'll notice a score beginning the Pip Change Log, the VSA Score, and the Activation Panel.
These scores use a new kind of logistic correlation formula where 4 digits are given to activation, rather than 1. This is to allow room for a future concept in AI we call "Deadzones" or you can think of it as impedance. This is not a bias in logistic regression. It's an entirely different concept. A neuron, which a perceptron attempts to mimic, has a bias.. but it also has a sort of electrical resistance. This is because a neuron is individually-alive entity. So a perceptron, as it were, would need to have both a bias and a natural resistance, or deadzone.
It is a lot of fun to watch the scores and how they react during playback. They tend to smooth trends but are also quite quick to correct to accuracy. In the future we will add the deadzones and biases to the scores. This should help both users and the script produce better signal sets. The Pip Change Log is an indicator that measures Rate of Change in Pips. This is one that I am particularly excited to study, as I am a huge fan of ROC. The Activation Panel shows these scores for 4 primary indicators: On Balance Volume, Relative Strength Index, Average Directional Index, and Average True Range.
Having the Pip Change Log, VSA Score, and Activation Panel up on the dashboard with their logistic correlation scores allows traders to study markets and setups quite intimately. The weight scanner at the bottom allows users to track the cumulative applied multiplicative weights during playback. The massive number of inputs, connected vectors of indicators, input-weights, lengths, levels, and thresholds sets up all the algorithmic infrastructure for powerusers to explore every idea and strategy output they could imagine. Also with the connected vector infrastructure we can deepen our indicators in a way where, "How they talk to each other.", comes first in every development conversation.
The Algorithmic Studio is for the Power-user.
These are not basic equations coming together to determine spending. This is a massive multi-layered-perceptron with everything from Trailing-Take-Profits to strategic-automatic algorithmic downscaling. The Broadview Algorithmic Studio gives a home to the poweruser who wants access to everything in a trading and investing AI, right up until the backpropagation. The Broadview Algorithmic Studio, gives users the ability to sit in the chair of the would-be AI.
Thank you.
Vola2vola Volatility indicatorHello everyone!
For those who remember vola2vola volatility script, we are excited to bring it back within the Myfractalrange Tradingview account!
As you know, Volatility is very important to assets and many people use it to trade. This tool automate the calculation of the volatility of every asset as well as provide an estimated value of its "Trend" and "Trade".
The idea in this script is to allow users to have an idea of the current volatility regime of the asset he is monitoring: Is its volatility Bullish or Bearish Trend, Bearish or Bullish Trade? Is its volatility compressed to a previous minimum value? Is it about to experience a spike in volatility? Let's dig together into how this tool works and how you could integrate it into your trading shall we?
What are the data provided by the script, let see one by one:
- Volatility: The value of what vola2vola calls the "synthetic" volatility of the asset is calculated using a custom formula based on the VIXFIX formula. Default colour is blue
- Trade : Trade is generated using an arbitrary and fixed look back period, it acts as a short-term trend. It will give the user the possibility to know if the volatility of the asset is still trending short-term or not. Default colour is black
- Trend: Trend is also generated using an arbitrary and fixed look back period (20 times the one used for Trade), it acts as a longer-term trend. It works the same way as Trade and will give the user the possibility to know if the volatility of the asset is trending a longer-term basis or not. Default colours are: red when the Trend of the volatility of the asset is Bearish and green when the Trend of the volatility of the asset is Bullish
- 52-weeks high & low: Based on the highest and lowest value of Volatility in the past 52 weeks, a 52-weeks high and a 52-weeks low will be marked. These values usually acts as Resistance and Support for volatility. Default colour is black and they are in dotted lines
Here are some of the questions you need to know the answer to before using this script:
- How do you define a "Bullish/Bearish volatility Trade"? Volatility is Bullish Trade is when Volatility is above Trade and it is Bearish Trade when volatility is below Trade
- How do you define a "Bullish/Bearish volatility Trend"? Volatility is Bullish Trend is when Volatility is above Trend and it is Bearish Trend when volatility is below Trend
- On which time frame should i use this script? You want to use the Daily time frame. Although, for short term moves in the volatility space, users could monitor the Hourly timeframe
Understanding the volatility of an asset, along with the bullish or bearish nature of its Trade and Trend, is crucial for investors. Assets with decreasing volatility tend to appreciate in value, while those with increasing volatility tend to depreciate. Therefore, we recommend investors be aware of the volatility situation of the asset they are holding in their portfolio.
Here are the different scenarios that you will encounter on a Daily timeframe and how to interpret them:
- Volatility is below Trade & Trend and Volatility is Bearish Trade and Trend: It is the most Bullish set up for the price of an asset
- Volatility is above Trade & Trend and Volatility is Bullish Trade and Trend: It is the most Bearish set up for the price of an asset
- Any other set up suggests uncertainty, caution is therefore recommended
These are some cases that you could experience while using this script:
1) Bearish Volatility set up on a daily timeframe:
In this example using SPY, when its Volatility is Bearish Trend on a daily timeframe, the price of SPY tends to appreciate
2) Bullish Volatility set up on a daily timeframe:
In this example using SPY, when its Volatility is Bullish Trend on a daily timeframe, the price of SPY tends to depreciate
We hope that you will find these explanations useful, please contact us by private message for access.
Enjoy!
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorised. This script is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. Myfractalrange is not responsible for any losses you may incur. Please invest wisely.
Ema Short Long Indicator[CHE]█ CONCEPTS
This Pine Script is an EMA Short Long indicator that displays the crossing EMA lines on the chart. The indicator uses three exponential moving averages (EMAs) to generate the buy and sell signals. The EMA lines are plotted as green (uptrend) and red (downtrend) lines. When the green line is above the white signal line, the indicator generates a buy signal, when the green line is below the white signal line, the indicator generates a sell signal. Arrows are also displayed marking the buy and sell signals. There is also an option to allow indicator repainting or not. Finally, users can also set alerts to be alerted to potential trading opportunities.
Note: please do not disable "time frame gaps". Allows to calculate the indicator on a Timeframe (TF) different from that of the chart Time window. The TF should ideally be higher than the charts to provide a broader perspective than
the TF of the chart. Using TFs lower than the chart's will deliver fragmentary results, since only the last value of intrabar is displayed (multiple values cannot be displayed for a single chart bar). The Gaps setting determines the behavior when the TF is higher than the TF of the chart. If 'gaps' is checked, higher TF values only come in and are interconnected on the diagram when the higher TF completed. This has the advantage of avoidance Real-time epainting. If Gaps is not enabled, Gaps are filled with the last higher TF value calculated, which will not produce a repaint Values on historical bars but repaint values realtime.
█ HOW TO USE IT
Load the indicator on an active chart (see the Help Center if you don't know how).
Time period
By default, the script uses an auto-stepping mechanism to adjust the time period of its moving window to the chart's timeframe. The following table shows chart timeframes and the corresponding time period used by the script. When the chart's timeframe is less than or equal to the timeframe in the first column, the second column's time period is used to calculate the Ema Short Long Indicator :
Chart Time
timeframe period
1min 🠆 1H
5min 🠆 4H
1H 🠆 1D
4H 🠆 3D
12H 🠆 1W
1D 🠆 1M
1W 🠆 3M
█ DESCRIPTION
The script begins by setting up the chart indicator with a short title, "ESLI", and enabling it as an overlay. It then initializes several variables for time conversions, to be used later in the script.
The timeStep_translate() function converts the timeframe of the chart into a string representing a larger time interval, based on the number of seconds in the timeframe. The resulting string is used to label the horizontal axis of the chart.
Next, the script defines several input variables that can be modified by the user. These include the colors of the EMA lines and the signals, whether or not the indicator is allowed to repaint (i.e. update past values based on future data), and the number of periods used to calculate the EMA and signal lines.
The f_security() function calls the request.security() function to fetch data from the specified security and timeframe, and is used to calculate the EMA and signal lines using the ta.ema() function. The clo variable is assigned the closing price data, adjusted for repainting and timeframe.
The EMA line is calculated using a weighted average of the EMA over the specified period and two times that period, as well as three times that period, divided by six. The signal line is calculated as the EMA of the EMA line over the specified period.
The col_css variable sets the color of the EMA line based on whether it is currently above or below the signal line. The script then plots the EMA and signal lines, and uses the plotshape() function to indicate long and short signals based on the crossovers and crossunders of the EMA and signal lines.
Finally, the script sets up alert conditions using the alertcondition() function to notify the user when a long or short signal is generated, including information about the symbol and closing price.
█ SPECIAL THANKS
Special thanks to LOXX, I wanted to take a moment to express my gratitude for his valuable input in the EMA calculation. His insights and expertise have greatly helped me in improving my Pine Script coding skills. Thanks to his suggestion, I was able to better understand the EMA formula and implement it effectively in my script.
Your generosity in sharing your knowledge and experience is truly appreciated. It is through collaboration and exchanging ideas that we can all grow and become better in our craft.
This script provides exact signals that, with suitable additional indicators, provide very good results.
Best regards
Chervolino
kNNLibrary "kNN"
Collection of experimental kNN functions. This is a work in progress, an improvement upon my original kNN script:
The script can be recreated with this library. Unlike the original script, that used multiple arrays, this has been reworked with the new Pine Script matrix features.
To make a kNN prediction, the following data should be supplied to the wrapper:
kNN : filter type. Right now either Binary or Percent . Binary works like in the original script: the system stores whether the price has increased (+1) or decreased (-1) since the previous knnStore event (called when either long or short condition is supplied). Percent works the same, but the values stored are the difference of prices in percents. That way larger differences in prices would give higher scores.
k : number k. This is how many nearest neighbors are to be selected (and summed up to get the result).
skew : kNN minimum difference. Normally, the prediction is done with a simple majority of the neighbor votes. If skew is given, then more than a simple majority is needed for a prediction. This also means that there are inputs for which no prediction would be given (if the majority votes are between -skew and +skew). Note that in Percent mode more profitable trades will have higher voting power.
depth : kNN matrix size limit. Originally, the whole available history of trades was used to make a prediction. This not only requires more computational power, but also neglects the fact that the market conditions are changing. This setting restricts the memory matrix to a finite number of past trades.
price : price series
long : long condition. True if the long conditions are met, but filters are not yet applied. For example, in my original script, trades are only made on crossings of fast and slow MAs. So, whenever it is possible to go long, this value is set true. False otherwise.
short : short condition. Same as long , but for short condition.
store : whether the inputs should be stored. Additional filters may be applied to prevent bad trades (for example, trend-based filters), so if you only need to consult kNN without storing the trade, this should be set to false.
feature1 : current value of feature 1. A feature in this case is some kind of data derived from the price. Different features may be used to analyse the price series. For example, oscillator values. Not all of them may be used for kNN prediction. As the current kNN implementation is 2-dimensional, only two features can be used.
feature2 : current value of feature 2.
The wrapper returns a tuple: [ longOK, shortOK ]. This is a pair of filters. When longOK is true, then kNN predicts a long trade may be taken. When shortOK is true, then kNN predicts a short trade may be taken. The kNN filters are returned whenever long or short conditions are met. The trade is supposed to happen when long or short conditions are met and when the kNN filter for the desired direction is true.
Exported functions :
knnStore(knn, p1, p2, src, maxrows)
Store the previous trade; buffer the current one until results are in. Results are binary: up/down
Parameters:
knn : knn matrix
p1 : feature 1 value
p2 : feature 2 value
src : current price
maxrows : limit the matrix size to this number of rows (0 of no limit)
Returns: modified knn matrix
knnStorePercent(knn, p1, p2, src, maxrows)
Store the previous trade; buffer the current one until results are in. Results are in percents
Parameters:
knn : knn matrix
p1 : feature 1 value
p2 : feature 2 value
src : current price
maxrows : limit the matrix size to this number of rows (0 of no limit)
Returns: modified knn matrix
knnGet(distance, result)
Get neighbours by getting k results with the smallest distances
Parameters:
distance : distance array
result : result array
Returns: array slice of k results
knnDistance(knn, p1, p2)
Create a distance array from the two given parameters
Parameters:
knn : knn matrix
p1 : feature 1 value
p2 : feature 2 value
Returns: distance array
knnSum(knn, p1, p2, k)
Make a prediction, finding k nearest neighbours and summing them up
Parameters:
knn : knn matrix
p1 : feature 1 value
p2 : feature 2 value
k : sum k nearest neighbors
Returns: sum of k nearest neighbors
doKNN(kNN, k, skew, depth, price, long, short, store, feature1, feature2)
execute kNN filter
Parameters:
kNN : filter type
k : number k
skew : kNN minimum difference
depth : kNN matrix size limit
price : series
long : long condition
short : short condition
store : store the supplied features (if false, only checks the results without storage)
feature1 : feature 1 value
feature2 : feature 2 value
Returns: filter output
BCT Buy And Hold w/ Advanced StatisticsThis is a script designed to simulate a buy and hold strategy in the chart that its applied to.
Tradingview backtester is really limited in the statistics it gives you based on equity and information of open trades. For that reason many of the buy and hold scripts suffer from the same problem, a lack of useful statistics about your buy and hold strategy.
This script allows you to filter a specific buy and hold period (or use the whole data available in the tradingivew chart) and get useful statistics based on equity on a bar by bar basis.
Date Range Filtering
This allows you to chose a specific period to test the buy and hold strategy and to visualize the statistics.
We include 3 main tables which offer useful information so you can compare your strategy vs buy and hold strategy.
This 3 tables are:
Draw Downs Table
This table shows the Current P/L, Current Draw Down, Average and Maximum Draw Downs based on the equity of the buy and hold strategy calculated by candle. This can show you how much average and maximum loss or pain you would have to go through in order to stick to the buy and hold strategy.
Custom Statistics Table
This table shows useful advanced statistics to compare the buy and hold strategy to other strategies.
CAGR: Compounded annual growth rate is the industry standard in terms of showing annualized returns for any strategy or investment.
Annualized Return ($)
Trade Duration (Days): Self explanatory, displays how long the buy and hold trade was open or is open counted in days.
Max Stagnation Period (Days): Measures the Maximum time taken between new equity highs.
Average Draw Down : Average value of all draw downs from equity highs over the period (sampled 1 time per candle).
Maximum Draw Down : Largest draw down from equity highs in the whole period.
Return / Avg DrawDown: Advanced Proprietary statistic in which the annualized (non compounding) return is divided by the Average Draw Down (displayed in the Draw Downs Table)
Return / Maximum DrawDown: Advanced statistic in which the annualized (non compounding) return is divided by the Maximum Draw Down (displayed in the Draw Downs Table)
CAGR / Avg DrawDown: Advanced Proprietary statistic in which the CAGR (compounding) is divided by the Average Draw Down (displayed in the Draw Downs Table)
CAGR / Maximum DrawDown: Advanced Proprietary statistic in which the CAGR (compounding) is divided by the Maximum Draw Down (displayed in the Draw Downs Table)
Note: All the advanced statistics show, in slightly different ways, how much a strategy compensates you in relation to the risk taken. In other words you can see this as a way to quantify risk adjusted returns between multiple strategies. We prefer using the CAGR based advanced Statistics as they give a more universal value to compare across multiple strategies and asset classes.
In Sample / Out Of Sample Custom Stats (IS/OOS) Table
This table shows similar statistics as the Custom Statistics Table but is able to break down the backtest period into segments, this is useful when testing strategies as it can be used to test optimization quality. In this Buy and Hold strategy this can be used to visualize the stats of 2 periods at the same time and compare them without need to change settings or use another instance of the script.
All the Stats are the same as in the Custom Statistics Table with the difference of some being removed and the table being constructed in a way that facilitates the comparison of stats between In Sample, Out Of Sample and Full periods
DMI + HMA - No Risk ManagementDMI (Directional Movement Index) and HMA (Hull Moving Average)
The DMI and HMA make a great combination, The DMI will gauge the market direction, while the HMA will add confirmation to the trend strength.
What is the DMI?
The DMI is an indicator that was developed by J. Welles Wilder in 1978. The Indicator was designed to identify in which direction the price is moving. This is done by comparing previous highs and lows and drawing 2 lines.
1. A Positive movement line
2. A Negative movement line
A third line can be added, which would be known as the ADX line or Average Directional Index. This can also be used to gauge the strength in which direction the market is moving.
When the Positive movement line (DI+) is above the Negative movement line (DI-) there is more upward pressure. Ofcourse visa versa, when the DI- is above the DI+ that would indicate more downwards pressure.
Want to know more about HMA? Check out one of our other published scripts
What is this strategy doing?
We are first waiting for the DMI to cross in our favoured direction, after that, we wait for the HMA to signal the entry. Without both conditions being true, no trade will be made.
Long Entries
1. DI+ crosses above DI-
2. HMA line 1 is above HMA line 2
Short Entries
1. DI- Crosses above DI+
2. HMA line 1 is below HMA lilne 2
Its as simple as that.
Conclusion
While this strategy does have its downsides, that can be reduced by adding some risk manegment into the script. In general the trade profitability is above average, And the max drawdown is at a minimum.
The settings have been optimised to suite BTCUSDT PERP markets. Though with small adjustments it can be used on many assets!
