[TTI] Whaley Breadth Thrust––––History & Credit
The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occured only 12 times!
–––––What it does
The indicator uses 3 conditions.
Condition 1: The Advancing and Declining NYSE stocks
Condition 2: The Up and Down volume
Condition 3:The absolute price increase in the SP500
It calculates different ratios and determine bullish or bearish setting based on this.
When only conditions 1 and 2 are present, we call this a Light Thrust. When all 3 conditions have occured then we call this Full Thrust.
–––––How to use it
Consider very bullish signal when you see this.
The light thrust occured on 12JAN23 on the SPX.
The signal occured in the following years: 1974, 1982, 1987, 2002, 2008
Signal
Buy Sell Signal ScannerThis is a higher timeframe scanner that detects whether the market is bullish or bearish according to our Buy Sell Indicator on up to 8 different timeframes. It can also be customized to scan different tickers so you can scan tickers that typically move with or against the ticker you are trading for extra confirmation. The scanner can be configured to use the exact same settings that you use with the Buy Sell Indicator so everything is using the same formula.
For price action identification, scalp mode looks at the candle body, candle wicks and size of the body and wicks and compares all of that to the previous candle to see if it is bullish or bearish. Swing mode will compare the current candle to the last 2 candles and long swing mode will compare the current candle to the last 10 candles. It’s looking for higher highs & lower lows, if the candle body is large or small and much more.
There are also filters that prevent signals from being given when the candle is small or has not made a higher high or lower low compared to the previous candle and multiple other filters to help hold positions longer. Once the price action direction has been confirmed, then the script looks at a massive amount of other calculations to determine if a signal should be given or not. These calculations are made up of all of my best indicators combined into a master signal generator as well as more new calculations from things I have learned over time and tested extensively that have not been made available to the public until now.
Price action as well as many other factors will all have to be confirming the direction before a signal can come in, but it reacts very quickly so it can give early signals at the first sign of reversal. Fine tune your settings to match your Buy Sell Indicator settings to get the same signals on the scanner.
HOW TO USE
The scanner will show the higher timeframe in a table on the side of the chart if no other ticker is selected to scan. The timeframe cell will show as green if that timeframe is currently in a bullish signal and red if that timeframe is currently in a bearish signal. If you set it to use a different ticker, the ticker name and timeframe will show up in the table.
The defaults are set up to scan the same ticker as your chart but on higher timeframes. It is set up for a 1 minute chart by default, but each timeframe can be adjusted to suit your preference all the way up to a 1 year timeframe.
You can set the scanner to look at different tickers as well which is very useful for getting confirmation by setting it to scan other tickers that usually move in the same direction or opposite of the ticker you are trading.
TRADE MODE
The signal settings allow you to match the scanner settings to your settings on the Buy Sell Indicator. There is scalp mode, swing mode and long swing mode. All 3 settings use the same calculations for signals, but they have different price action filters to help hold swings longer. Scalp mode will only be looking at the current bar compared to the previous bar, but swing mode will look at the current bar compared to the previous 2 candles. Long swing mode will compare the current candle to the last 10 candles to hold positions even longer.
There is also a candle trailing length that can be adjusted as well to suit your preference. This adds a filter that ensures the current candle is closing higher than the previous X number of candles you choose for a bull signal and is closing lower than X number of previous candles for a bear signal. Make sure to match these settings to how your Buy Sell Indicator is configured to get matching results.
You can also move the position of the scanner table to any part of the chart in the settings menu at the bottom.
ALERTS
There are alerts set up that will give you a signal when all timeframes are bullish on candle close and another signal that will alert when all timeframes are bearish on candle close. There is also an alert for when the first 4 timeframes & ticker are bullish and the last 4 timeframes & ticker are bearish or the opposite. This is useful for looking at forex markets and setting the first 4 to tickers that move together and the last 4 to tickers that move opposite.
MARKETS
This Buy Sell Signal Scanner can be used on any market with price data such as stocks, crypto, forex and futures.
TIMEFRAMES
This Buy Sell Signal Scanner can be used on any timeframe. And will scan any of our available timeframes between 1 minute and 1 year.
PAIRINGS
We recommend pairing this Buy Sell Signal Scanner with our Buy Sell Indicator so you can get signals and price action colored candles on the ticker you are trading and then use the scanner for confirmation of trend on higher timeframes and trade with the trend.
Buy Sell IndicatorThis Buy Sell Indicator uses price action calculations to determine the bullish or bearish nature of the current market and then calculates if the price action is strong enough to give a signal. The indicator is fully adjustable so you can fine tune it to fit your specific trading style with Scalp Mode, Swing Mode, Long Swing Mode and candle trailing length. It also has an automatic trailing stop loss and take profit features that can be customized.
For price action identification, scalp mode looks at the candle body, candle wicks and size of the body and wicks and compares all of that to the previous candle to see if it is bullish or bearish. Swing mode will compare the current candle to the last 2 candles and long swing mode will compare the current candle to the last 10 candles. It’s looking for higher highs & lower lows, if the candle body is large or small and much more.
There are also filters that prevent signals from being given when the candle is small or has not made a higher high or lower low compared to the previous candle and multiple other filters to help hold positions longer. Once the price action direction has been confirmed, then the script looks at a massive amount of other calculations to determine if a signal should be given or not. These calculations are made up of all of my best indicators combined into a master signal generator as well as more new calculations from things I have learned over time and tested extensively that have not been made available to the public until now.
Price action as well as many other factors will all have to be confirming the direction before a signal can come in, but it reacts very quickly so it can give early signals at the first sign of reversal. Fine tune your settings to match your trading style from within the input settings and then look for potential reversal areas and take signals that appear in that reversal area for the highest probability of winning trades. I decided not to include any support or resistance or similar tools in order to keep the indicator lightweight and respond as fast as possible as well as update the candles as quickly as possible. This also lets you keep your charts clean and only use the support & resistance tools that you prefer since everyone has a different trading style.
HIGHER TIMEFRAME AND/OR MARKET SCANNER
There is also a higher timeframe scanner available as a separate indicator titled Buy Sell Signal Scanner that you can find on my profile. It can be customized to show you up to 8 higher timeframes of your current ticker or any other ticker you like. This is useful for trading with the trend of the higher timeframes or you can set it to the same timeframe as your chart and scan other tickers that usually move together or opposite for extra confirmation. Each ticker/timeframe will be displayed in a table on the chart and colored green or red depending if it is currently bullish or bearish. If you are using a different timeframe than the current chart, then it will display the timeframe next to the ticker name.
HOW TO USE
CANDLES
The candles will paint blue or orange according to the price action detected. This can be customized or turned on/off and will follow the price action according to the trade mode settings. Using these candle colors helps to get rid of anxiety when watching candles come in that are in the opposite direction of your trade. I highly recommend using this feature as it helps you control your emotions much better during trading.
TRADE MODE
The trade mode settings let you choose between Scalp Mode, Swing Mode and Long Swing mode. They all use the same price calculations, but each mode has its own filters to hold through ranging price action in a slightly different way. You can also adjust the candle trailing length to make it hold positions even longer. The candle trailing length will not let a signal come in until there is a higher high or lower low than the previous X number of candles from this setting.
Scalp mode will get you in and out of positions the earliest. Swing mode will hold signals longer by filtering out ranging price action. Long swing mode uses even more filtering to hold positions even longer than swing mode and let price range more without calling out every move. Each one of these modes will also be affected by the candle trailing length.
It should be noted that using swing mode and long swing mode or increasing the candle trailing length will make the signals not perform as well when price action is whipsawing up and down and also will not have as early of entries and exits as scalp mode due to the range breaks that are needed for a signal to be given. That being said, it will hold positions much longer when markets are trending and still have great entries and exits, so use the longer settings when markets are trending and then switch to scalp mode when the market is chopping around and moving sideways for best results.
Scalp Mode
Swing Mode
Long Swing Mode
STOPLOSS
There is an automatic stoploss feature as well. It calculates the average candle height and adds/subtracts that from the highest high or lowest low of the past X number of candles according to your Stoploss Candle Trail Length. Use a lower number for a tight trailing stoploss and increase the number for a more loose stoploss. You can also customize the color of the stoploss line and label or turn it off if you prefer. The stoploss will update on every candle for proper trailing but it will not switch to an opposing signal until the candle closes with a new signal.
TAKE PROFIT
There is an automatic take profit level generator as well that also uses the average candle height for its calculations. There are 3 settings that let you set the average candle size multiplier for each take profit level. The default settings are evenly spaced at 3, 6 and 9 times the average candle height from where the most recent signal locked in at candle close. Adjust these numbers to suit your preference. You can also customize the color of the take profit lines and label or turn it off if you prefer. The take profit levels will not change to an opposing signal until the opposing signal is confirmed on the candle close.
Auto Stoploss & Take Profit
SIGNALS
The default signals are green and red arrows. The color can be adjusted in the settings or you can turn the bull or bear signals on or off if you only want entry signals for the direction of the trend.
VOLUME SPIKE SUPPORT & RESISTANCE
There are volume based auto support & resistance levels that are off by default, but can be turned on in the settings. It calculates the average volume over multiple periods and gets the average of that and then looks for volume spikes that were greater than the average, multiplied by the volume spike multiplier in the settings. If set to 3, then the volume spike will need to be 3 times or higher than the average volume bar for a level to show up. Increase or decrease this number to get more or less levels.
VOLUME WARNING
If volume is very low compared to normal, then a volume warning label will appear at the top of the chart letting you know that volume is very low and to trade with caution. I recommend not trading during those times though as price can whipsaw very easily.
ALERTS
There are also alerts that can be triggered for buy signals as well as sell signals. They are set to only send signals when the bar is confirmed so you won’t get alerts for signals that repaint while the candle is still open. You can use these alerts to send signals to your own trading bot if you choose to.
MARKETS
This buy sell indicator can be used on any market with price data such as stocks, crypto, forex and futures.
TIMEFRAMES
This buy sell indicator can be used on any timeframe.
PAIRINGS
We recommend pairing this Buy Sell Indicator with our Buy Sell Signal Scanner so you can check other timeframes and trade with the trend or use the scanner to look at other markets that move together or opposite of the ticker you are trading for extra confirmation of direction.
Alex trading stragedyOverview
This script, named "ALEX TRADING STRATEGY", is a technical trading strategy designed for new investing groups. It uses a combination of various technical indicators to identify potential buying and selling opportunities in the market. The script includes the Relative Strength Index (RSI), Simple Moving Averages (SMA), Exponential Moving Averages (EMA), and Higher High Lower Low (HHLL) strategies to create a complete trading solution.
The user can change the position from long to short in the Input Settings. The script uses bar colors to indicate the current trading position. The script also has exit strategies to help manage the open trades. The user can also set the period for the various indicators used in the strategy.
The script provides various technical indicators and entry/exit signals to make the trading decision easier for the user. It also includes pivot lines, resistance and support levels to help the user make a more informed decision.
This Pine script implements a multi-indicator trading strategy that combines several technical analysis techniques for making trading decisions. The script uses the Relative Strength Index (RSI) to determine overbought and oversold conditions in the market and plots the RSI values on the chart. The RSI values above 70 are considered overbought and plotted as red upward triangles, while the RSI values below 30 are considered oversold and plotted as green downward triangles.
The script also calculates Simple Moving Averages (SMAs) with the user-defined period and plots them along with the Exponential Moving Averages (EMAs) of 20, 50, and 100 periods. Based on the crossover of the close price and the moving averages, the script enters long or short trades. The script sets the trade exit conditions as the low or high crossing the lower or upper band, respectively.
In addition to the moving average crossover, the script uses the highest high and lowest low over a user-defined period to determine long and short entries. The script plots the long and short conditions on the chart as green upward and red downward triangles, respectively. The script allows the user to switch between long and short trades by changing the input settings.
Finally, the script changes the bar colors based on the trade direction, with green bars indicating a long trade, red bars indicating a short trade, and blue bars indicating no trade. Overall, this Pine script provides a comprehensive trading strategy that combines several technical analysis techniques to make informed trading decisions.
HOW TO USE
Input Settings: In the Input Settings section, you can change the long to short position. You can also change the period value (default is 10) used to calculate the Simple Moving Average (SMA) for the Keltner channel.
Indicators: The script uses RSI (Relative Strength Index) with 14 periods as well as multiple EMAs (Exponential Moving Averages) with periods 20, 50, and 100 to help in making trading decisions.
Entry Signals: The script uses two main entry signals: (1) Keltner Channel and (2) HHLL (High-Low). When the closing price crosses above the upper band of the Keltner channel, the script generates a long signal, and when the closing price crosses below the lower band of the Keltner channel, the script generates a short signal. The HHLL strategy generates a long signal when the current high crosses above the highest high of the last "nPeriod" bars, and generates a short signal when the current low crosses below the lowest low of the last "nPeriod" bars.
Exit Signals: The script uses two exit signals: (1) Stop Loss based on Keltner channel and (2) Profit Target based on Keltner channel. The script exits the long position when the closing price crosses below the lower band of the Keltner channel, and the script exits the short position when the closing price crosses above the upper band of the Keltner channel.
To use this script, you will need to have access to a trading platform that supports PineScript, such as TradingView, and attach the script to a chart. The script will then automatically generate entry and exit signals based on the rules described above. It's important to note that this script is just a tool and not a guarantee of profit. As with any trading strategy, it's important to thoroughly test and understand the script before using it for live trading.
Signal ViewerThe "Signal Viewer" script is a debugging tool that can be used for the signal of a Signal Indicator script like the "Two MA Signal Indicator" or the "Template Signal Indicator". This script will visualize the signal based on the convention that was defined in the settings. Also, alerts will be produced based on this convention. It's useful to be used before you connect the signal indicator script to a template strategy like the "Template Trailing Strategy" script. You can cross-validate the correctness of the signal that the indicators emit and make sure it is aligned with the expected behavior after the decomposition of the signal using the convention described in the settings. Please make sure that the connection in the "Signal Viewer" script matches the convention used by the template strategy script.
Strength Index I2-SIIdea:
Enhance the Stoch RSI with DMI to get the visualization of the strength movement.
Concept:
(Note that we take the close to get the closing price).
-Combination of 2 Stoch RSI (using value K): 1 is UP, 1 is DOWN (these settings have been customized).
-Every time they cross, it calculates the direction of 3 nearly previous crossings to get the color of the current line.
-The value has been re-calculated with the processed value from ADX and DI- (That's why it can be more than 100 or -100 in some cases).
-RSI Overbuy and oversell are removed because the value could be beyond it.
How it works:
1. The line is show as the strength index of bars
- Green means the up strength is strong.
- Red means the down strength is strong.
- Gray means the previous strength is getting week.
2. This one can be used to find divergence.
3. This indicator provides a warning signal when the color of the line changes:
- Change color:
+Turn red: "Down Red"
+Turn green: "Up Green"
+Turn gray: "Down Gray"/"Up Gray"
Suitable time frames:
15m, 4h, 1D, 1W
* Please note that this logic does not attempt to predict future prices or 100% accurate signal.
(INVITE ONLY indicator. Please direct message or visit website if you want to try it out)
Hope you guys enjoy!
Examples:
BTCUSD 1D
XAUUSD 4H
EURUSD 1H
SPX 15m
Trend Movement S1-TMIdea:
This script combines: Moving Average (MA), Directional Movement (DMI), MACD
When condition of long or short position from all mentioned indicator are met script opens position. Once trend changes, it closes the position.
Then add some filter conditions to avoid noise.
Concept:
(Note that we take the close to get the closing price)
-Using only cross up down with MA will give a reversal point, but the downside is that it can be noisy.
-MACD will show the current trend detected by cross point.
-Then the +DI , -DI , ADX values are taken into account to confirm the price direction and movement strength.
-This strategy solves this problem by combining 2 more moving averages called 2 trend lines 1 long and 1 short. When the short line crosses up, it will show that the price trend is increasing (at this time the background between these 2 lines will be green) and vice versa (red). To determine if the current trend is bullish or bearish . This will avoid buying when price tend to go down.
-However, there will be many points where some more complex logic is needed. It will add conditions and calculate the probabilities before triggering the signals (You can see them through the item symbols B1, B2, ... ).
How it works:
1. The thin line is stand for short term moving average, and the thick line is stand for long term moving average.
If thin lines cross the thick lines, their color and background will turn green, the price is tend to go up (Uptrend).
If thin lines cross down thick lines, their color and background will turn red, the price is tend to go down (Downtrend).
2. Ability to check the checkbox in setting to show the Golden/De*ath cross.
The yellow symbol "+" is the Golden cross.
The black symbol "+" is the De*th cross.
3. Buy and Sell are show clearly on strategy as the buy and sell point. The default source from bar is CLOSE
4. Setting "Buy only" it using for spot market.
5. When "Not buy in down trend" is checked, it will not trigger buy when in down trend (thin lines cross down thick lines like description in 1.)
6. Setting High spread will call Close buy when it match the High spread bar with the High spread % value
7. It provides setting "Back test From date/To date" for backtest feature. You can set "BacktestFrom date" as the begin of test period. If check box "Using To Date" is check: "Backtest To Date" will be the end of test period.
Suitable time frames:
4h, 1D, 1W
* Please note that this logic does not attempt to predict future prices or 100% accurate signal; Strategy Tester are available to test the profitability of this strategy.
(INVITE ONLY indicator. Please direct message or visit website to try it out)
Hope you guys enjoy!
Examples:
BTCUSD 4H
TSLA 4H
Daily Number/Trend Reversal IndicatorIndicator identifies potential price trend exhaustion.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.
SignalBuilderSignalBuilder
Utility for building a collection of signal values. Provides a default view for displaying signals.
Simplified API for aggregating signal values.
Flexible for use with indicators and strategies.
See the demo section for an example.
TurntLibraryLibrary "TurntLibrary"
Collection of functions created for simplification/easy referencing. Includes variations of moving averages, length value oscillators, and a few other simple functions based upon HH/LL values.
ma(source, length, type)
Apply a moving average to a float value
Parameters:
source : Value to be used
length : Number of bars to include in calculation
type : Moving average type to use ("SMA","EMA","RMA","WMA","VWAP","SWMA","LRC")
Returns: Smoothed value of initial float value
curve(src, len, lb1, lb2)
Exaggerates curves of a float value designed for use as an exit signal.
Parameters:
src : Initial value to curve
len : Number of bars to include in calculation
lb1 : (Default = 1) First lookback length
lb2 : (Default = 2) Second lookback length
Returns: Curved Average
fragma(src, len, space, str)
Average of a moving average and the previous value of the moving average
Parameters:
src : Initial float value to use
len : Number of bars to include in calculation
space : Lookback integer for second half of average
str : Moving average type to use ("SMA","EMA","RMA","WMA","VWAP","SWMA","LRC")
Returns: Fragmented Average
maxmin(x, y)
Difference of 2 float values, subtracting the lowest from the highest
Parameters:
x : Value 1
y : Value 2
Returns: The +Difference between 2 float values
oscLen(val, type)
Variable Length using a oscillator value and a corresponding slope shape ("Incline",Decline","Peak","Trough")
Parameters:
val : Oscillator Value to use
type : Slope of length curve ("Incline",Decline","Peak","Trough")
Returns: Variable Length Integer
hlAverage(val, smooth, max, min, type, include)
Average of HH,LL with variable lengths based on the slope shape ("Incline","Decline","Trough") value relative to highest and lowest
Parameters:
val : Source Value to use
smooth
max
min
type
include : Add "val" to the averaging process, instead of more weight to highest or lowest value
Returns: Variable Length Average of Highest Lowest "val"
pct(val)
Convert a positive float / price to a percentage of it's highest value on record
Parameters:
val : Value To convert to a percentage of it's highest value ever
Returns: Percentage
hlrange(x, len)
Difference between Highest High and Lowest Low of float value
Parameters:
x : Value to use in calculation
len : Number of bars to include in calculation
Returns: Difference
midpoint(x, len, smooth)
The average value of the float's Highest High and Lowest Low in a number of bars
Parameters:
x : Value to use in calculation
len
smooth : (Default=na) Optional smoothing type to use ("SMA","EMA","RMA","WMA","VWAP","SWMA","LRC")
Returns: Midpoint
Signal AnalyzerThis library contains functions that try to analyze trading signals performance.
Like the % of average returns after a long or short signal is provided or the number of times that signal was correct, in the inmediate 2 candles after the signal.
MarsMine_PEMTThis indicator uses a total of four indicators, 'ParabolicSAR', 'EMA', 'MACD', and 'TSI', to indicate the direction of the trend as well as the progress signal of the trend.
Basically, the overall trend is analyzed by the 'EMA' and 'TSI' indicators, and the buying trend is displayed in green and the selling trend is displayed in red candlesticks.
An additional buy or sell signal is generated, which analyzes all the 'Parabolic SAR', 'EMA', 'MACD' and 'TSI' indicators to indicate the beginning of a trend that is slightly more accurate than the trend displayed on candlesticks.
-----
해당 지표는 'ParabolicSAR', 'EMA', 'MACD', 'TSI' 총 네 가지 지표를 활용하여 추세의 방향성과 함께 추세의 진행 신호를 알려주는 지표입니다.
기본적으론 전반적인 추세는 'EMA', 'TSI' 지표를 분석하여 매수 추세는 초록색 매도 추세는 빨간색으로 캔들에 표시해 주고 있습니다.
추가적으로 매수 또는 매도 신호가 발생하며, 이 신호는 'Parabolic SAR', 'EMA', 'MACD', 'TSI' 지표 모두를 분석하여 캔들에 표시되는 추세보다 조금 더 정확한 추세의 시작을 표시합니다.
MarsMine_OverThis indicator marks the area where the overbought/oversold section of the Stochastic RSI and the overbought/oversold section of the RSI overlap with arrows.
If an upward arrow appears on the indicator, it can be recognized that both StoRSI and RSI have entered the oversold zone.
When a down arrow appears, both the StoRSI and RSI can be considered to have entered the overbought zone.
This is a good signal to identify the direction of the future trend.
이 지표는 Stochastic RSI의 과매수/과매도 구간과 RSI의 과매수/과매도 구간이 겹치는 구간을 화살표로 표기 해주는 지표 입니다.
해당 지표에서 상승 화살표가 출현할 경우에는 StoRSI와 RSI 모두 과매도 구간에 진입했다고 인식할 수 있으며,
하락 화살표가 출현할 경우에는 StoRSI와 RSI 모두 과매수 구간에 진입했다고 인식할 수 있습니다.
이는 추후 추세의 방향성을 파악할 수 있는 좋은 시그널 입니다.
Band of Filtered RS by Mustafa ÖZVERBand of Filtered RS by Mustafa ÖZVER
This code shows a range (max-min values) price may get if we get strong movements. These values is based on RSI (Relative Strange Index). And also these are calculated using RSI, if we get trades to make rsi is equal to 25 (or rsi down limit) or 75 (rsi up limit) or any value you set, how much will price value get? This code calculate these and shows these to you on graph.
This price are between these band limits because we expect cross reaction to hard movements on price.
For scalping, we can use these values as
long signal when price under down limit,
short signal when price over up limit,
But only these values can not guarantee good results for trading. BE CAREFUL
HeikinAshi / MS-Signal (HA-MS)Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
I would like to take the time to explain the indicators needed for trading among the two indicator formulas previously disclosed.
The HA-MS indicator is an indicator created using the Heikin Ashi formula and the MACD formula.
Therefore, the reliability of the indicator is considered to be high.
If you want a comprehensive indicator, you can share the chart being published as an idea and use the MRHAB-T indicator.
The shared indicators can be used without any restrictions if you are a paid member of TradingView.
(Free members have many restrictions on sharing charts.)
The MS-Signal indicator using MACD is an indicator composed of M-Signal and S-Signal lines.
I made it possible to display the M-Signal line of the 1D, 1W, and 1M charts separately so that the trend can be checked on other timeframe charts.
Therefore, by looking at the 15m chart or 1h chart to check the overall trend when trading, we prevented getting caught up in temporary volatility, that is, a whipsaw, and made this M-Signal line to be used as support and resistance.
If you touch these M-Signal lines when a surge or plunge occurs, it means that there is a high possibility of indicating support or resistance.
If the 5EMA line on the 1D chart rises above the 5EMA line enough to be called a soaring moving average, it means that there is a high possibility of a sudden movement.
Therefore, the 5EMA line of the 1D chart is displayed separately so that it can be checked in time frames other than 1D (15m, 1h charts, etc.).
This 5EMA line can also be used as support and resistance like the M-Signal line of the 1D, 1W, and 1M charts described above.
The MS-Signal indicator is for viewing trends.
So, if the price stays above the MS-Signal indicator and the MS-Signal indicator turns into a bullish sign, it means that the uptrend is likely to continue.
Conversely, if the price stays below the MS-Signal indicator and the MS-Signal indicator turns to a bearish sign, then the downtrend is likely to continue.
Therefore, even if it temporarily rises above the MS-Signal indicator, it cannot be said that it will show an uptrend unless it is converted to an uptrend.
So, when the price surges and rises above the MS-Signal indicator, it is important to hold the price until the MS-Signal indicator turns into an uptrend.
If the HA-Low line or HA-High line is passing through these movements, you should respond by looking at whether you are supported or resisted on these lines.
The HA-Low line and the HA-High line are lines created for trading using Heikin Ashi candles.
Therefore, it can be interpreted that if it is supported by the HA-Low or HA-High line, it is highly likely to show an uptrend.
However, since the HA-Low and HA-High lines are calculated together with the RSI indicator, they are displayed on the chart as interactions.
The HA-Low line is a line created near the low point,
The HA-High line is a line created near the high point.
Therefore, if it shows support at the HA-Low line, it is time to buy.
And, if the price rises and rises above the HA-High line, it is likely to show a sharp movement.
Because of this movement, the HA-Low line is called the buy line, and the HA-High line is called the soaring line.
Since the HA-High line is a soaring line, if it is resisted by the HA-High line, it also means that there is a high possibility of a sharp decline.
If you see support at the HA-High line, you can buy it, but as I said, it is a sharp rise line, so you have to respond from a short-term perspective.
The Heikin Ashi body indicator is significant as it marks the first trend reversal.
So, you can see the first reversal move, either when the price first makes a move from a downtrend to an uptrend, or when the price first makes a move from an uptrend to a downtrend.
For example, if the price is in a downtrend and stops falling and moves sideways or rises slightly, the Heikin Ashi body indicator is likely to turn into an uptrend.
If this turns into a bullish sign, aggressive buying is possible.
However, since there is a high possibility that it will not rise higher and fall immediately, it is better to think of a trading strategy when it shows support by rising above the 5EMA line, HA-Low line, and MS-Signal indicator.
Let's assume that from an uptrend in price, the Heikin Ashi body indicator turns to a downtrend.
Then, if you touch the 5EMA line, the HA-High line, and the MS_Signal indicator, I think you can buy some time to think about a selling strategy.
-------------------------------------------------- -
It doesn't matter how you trade and what tools you use.
What matters is whether you can create a trading strategy.
We tend to spend more time on analysis like chart analysis, economic analysis.
Also, many analytical techniques are studied to do this kind of analysis.
I have spent a lot of time studying various analysis techniques and putting a lot of effort into using them in trading.
However, I realized that acquiring all of these things did not make me a good trader.
The indicators released today also do not mean much in reality.
It merely provides minimal information for creating a trading strategy.
I think it is better to put aside the idea of investing a lot of time in chart analysis and economic analysis and proceeding with trading.
Instead, I recommend spending a lot of time thinking about how to buy at the point or section you are trading, how to sell if the price rises, and how to stop loss if the price falls.
Quickly learn that learning difficult analytical techniques doesn't make you profitable on your trades.
I hope you understand.
An analytical technique or tool that allows you to earn a steady income is the best technique.
Creating a trading strategy is not difficult.
It's just that it feels difficult because I haven't organized my thoughts until now.
trading strategy
1. Investment period
2. Investment scale
3. Trading method and profit realization method
You just need to think in order and then start trading.
The most important thing in this trading strategy is the investment period.
The most important thing is whether to trade the coin (token) you want to trade by investing for a period such as the same day, short term, mid term, or long term.
This is because even though this first button is not connected properly, the following fund management and trading methods are all wrong.
I hope the day will come soon when you can play with the movement of the chart and get away from wrestling with the chart.
thank you.
---------------------------------
Davin's 10/200MA Pullback on SPY Strategy v2.0Strategy:
Using 10 and 200 Simple moving averages, we capitalize on price pullbacks on a general uptrend to scalp 1 - 5% rebounds. 200 MA is used as a general indicator for bullish sentiment, 10 MA is used to identify pullbacks in the short term for buy entries.
An optional bonus: market crash of 20% from 52 days high is regarded as a buy the dip signal.
An optional bonus: can choose to exit on MA crossovers using 200 MA as reference MA (etc. Hard stop on 50 cross 200)
Recommended Ticker: SPY 1D (I have so far tested on SPY and other big indexes only, other stocks appear to be too volatile to use the same short period SMA parameters effectively) + AAPL 4H
How it works:
Buy condition is when:
- Price closes above 200 SMA
- Price closes below 10 SMA
- Price dumps at least 20% (additional bonus contrarian buy the dip option)
Entry is on the next opening market day the day after the buy condition candle was fulfilled.
Sell Condition is when:
- Prices closes below 10 SMA
- Hard stop at 15% drawdown from entry price (adjustable parameter)
- Hard stop at medium term and long term MA crossovers (adjustable parameters)
So far this strategy has been pretty effective for me, feel free to try it out and let me know in the comments how you found :)
Feel free to suggest new strategy ideas for discussion and indicator building
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
DoubleRSI fast/slow signal buy/sell with alert Relative StrengthA combination of two Relative strength index. One fast and one slow line. In a system, this indicator can serve as an additional confirmation.
For example, for a long entry:
slow RSI cross above 50 level and fast RSI cross above 70 level. then check volume and use another indicator such as a MACD for extra confirmation
For example, for a short entry:
slow RSI cross below 50 and fast RSI cross below 30 level. then check volume and use another indicator such as a MACD for confirmation
An alarm function has also been added.
the following settings are possible:
- Source
- Length
- Color
I do not recommend to use this indicator alone.
have fun using this simple and helpful tool.
BUY/SELL arvwis STORMASBuy/sell indikatorius, geriausia naudoti ant didesnių timefreimų, bet tinka ir ant mažesnių
Signal Moving Average [LuxAlgo]The following script returns a moving average designed to be used as a signal line in a moving average crossover system. The moving average will diverge from the price during ranging markets and reach the value of a regular moving average during trending markets.
Settings
Length: Moving average period
Src: Source input of the indicator
Usage
Moving average crossover strategies often rely on a "signal" line, a slower moving average used to determine a general trend. This signal line is paired with a faster moving average to filter out potential whipsaw trades that would have been given from crosses between the regular price and the signal line.
The proposed indicator will avoid crossing the price by diverging from it during more ranging periods, thus effectively reducing the number of crosses produced between the price and the signal line.
The color of the area between the price and the signal line is determined by the position of the price relative to the signal line, with a green color indicator a price superior to the signal line.
The color of the signal line, however, is taking into account whether market is trending or ranging, only changing once the market is trending.
The chart above shows the cumulated number of crosses between the price and the signal line (green) and a regular simple moving average of the same period (red) on AMD 15m, a lowered number of crosses can effectively reduce the impact of frictional costs introduced by whipsaw trades.
Tutporial Pedia (Signal buy & Sell)Untuk mempermudah kita dalam bermain dan memahami Signal Trade View Rate 98 %
VIPThis indicator is using the modified "SSS".
This strategy uses combined indicators to create LONG entry points, the strategy was first found by saudALThaidy.
How to use: Open your asset and pick a timeframe between 5min and 2hours (recommended: 30min, 45min), the strategy will give entry points itself, you can monitor and take profit manually(recommended), or you can use the exit setup.
exit setup:
Take Profit : close the trade and take profit after the specified percentage from the entry point gets hit.
Use Stop Percentage : if false, trade will be closed if it gets below MA line, if true it will use the next set up.
StopLose Percentage : specify a percentage to close the trade if the asset price goes below it.
Important Notes:
As saudALThaidy states that the strategy must be used with -heiken ashi- candles for the best result.
for best use of the strategy, use (Take Profit = 1,Use Stop Percentage=false) to get every trade, and take profit manually when ever you see the best.
For any notes on the strategy to be edited, or for another strategies ideas please comment.
Squeeze Momentum Indicator [LazyBear] added Alerting + webhookA modified version of Squeeze Momentum Indicator visualizing on Price Chart.
author: @LazyBear, modified by @KivancOzbilgic, and by @dgtrd
I took in all of the information as the script below is based on the V2 Script that @LazyBear posted and then added Alerting based on the math and the conditions that @dgtrd added.
Per the description here:
The Squeeze Indicator measures the relationship between Bollinger Bands and Keltner's Channels to help identify consolidations and signal when prices are likely to break out (whether up or down).
The Squeeze Indicator finds sections of the Bollinger Bands which fall inside the Keltner's Channels, and in this case, the market is said to be in a squeeze (indicator turns off, displayed with grey diamond shapes in this study).
When the volatility increases, so does the distance between the bands. Conversely, when the volatility declines, the distance also decreases, and in such cases, the squeeze is said to be released (indicator turns on, displayed with triangle up or triangle down shapes)
Taking the above information and what was in the script was able to base the alert conditions:
So when the condition:
Squeeze On or No Squeeze = In Squeeze
Squeeze Off = Squeeze Release Long or Squeeze Release Long based off conditions.
There are 2 separate alert Types.
1. App, Pop-up, eMail, play sound and Send email to SMS
2. It Is dedicated to Webhook for your various applications.
Alerting Options
i.imgur.com
App Notification
i.imgur.com
i.imgur.com
Webhook test into Discord
i.imgur.com
