SpreadTrade - Auto-Cointegration (ps5)Decsription: Auto-Cointegration-Based Pair Trading Strategy (revised version)
To review, there are three popular styles of Pair trading: distance-based pair trading, correlation-based pair trading and cointegration-based pair trading. Typically, they require preliminary statistical estimation of the viability of the corresponding strategy.
Basically a pair trade strategy boils down to shorting the outperforming instrument and going long on the underperforming instrument whenever the temporary correlation weakens which means one instrument is going up and another is going down. Apart from the typical cointegration strategy which employs two cointegrated instruments, this script uses just one instrument, in base timeframe and in lagged timeframe, actually making it an auto-cointegration, or better still, an auto-correlation strategy.
Notice that each moving average function may require different Threshold settings.The orange cross symbol indicates the exit points. To filter out the signals use higher values for the LongWindow and the Threshold parameters. Also pay attention that in some cases with some moving averages the color of the signals has to be inverted.
Strategy
PowerOfStocks_5EMAThis indicator is based of Subhashish Pani's (power of stocks) 5 EMA Strategy.
It plots 5 EMA and Buy/Sell signals with Target & Stoploss levels.
What is Subhashish Pani's (power of stocks) 5 EMA Strategy :-
His strategy is very simple to understand. for intraday use 5 minutes timeframe for selling. You can sell futures, sell call or buy Puts in selling strategy.
What this strategy tries to do is , it tries to catch the tops, so when you sell at top & it turns out to be a reversal point then you can get good profit.
this will hit stop losses often, but stop losses are small and minimum target should be 1:3. but if you stay with the trend you can get big profits.
According to Subhashish Pani this strategy has 60% success rate.
Strategy for Selling (Short future/Call/stock or buy Put)
When ever a Candle closes completely above 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle.
If the next candle is also completely above 5 ema and it has not broken the low of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle.
so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the low of the Alert Candle we should take the Short trade (Short future/Call/stock or buy Put).
Stoploss will be above high of the Alert Candle and minimum target will be 1:3.
Strategy for Buying (Buy future/Call/stock or sell Put)
When ever a Candle closes completely below 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle.
If the next candle is also completely below 5 ema and it has not broken the high of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle.
so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the high of the Alert Candle we should take the Long trade (Buy future/Call/stock or sell Put).
Stoploss will be below low of the Alert Candle and minimum target will be 1:3.
Buy/Sell with extra conditions :
it just adds 1 more condition to buying/selling
1. checks if closing of current candle is lower than alert candles closing for Selling & checks if closing of current candle is higher than alert candles closing for Buyling.
This can sometimes save you from false moves but by using this, you can also miss out on big moves as you'll enter trade after candle closing instead of entering at break of high/low.
Note :- According to Subhashish Pani Timeframe for intraday buying should be 15 minutes Timeframe.
If you haven't understood the strategy by reading above description, then search for "Subhashish Pani's (power of stocks) 5 EMA Strategy" on youtube to get a deeper understanding.
Note:- This is not only for Intraday trading , you can use this strategy for Positional/Swing trading as well. If you use this on Monthly Timeframe then it can be very good for Long Term Investing as well.
Rules will be same for all types of trades & Timeframes.
SMA_EMA_CPR_PivotThis Script can do multiple jobs in single indicator.
Like -:
Plot 3 SMA as per your inputs.
Plot 3 EMA as per your inputs.
Plot CPR Levels.
Plot Pivot Levels.
Plot Previous Day High Low.
Indicator can used in Intraday stock trading, Positional Trading and options trading.
Please Enjoy.
Inside Bar SetupScript Details
- This script plots Inside Bar for given day in selected time-frame (applicable only for Timeframes < Day)
- Basis plotted inside bar, relevant targets are marked on the chart
- Targets can be customised from script settings. Example, if range of mother candle is 10 points, then T1 is 10 * x above/below mother candle and T2 is 10 * y above/below mother candle. This x & y are configured via script settings
How to use this script ?
- This script works well on 10-15 mins timeframe for stocks, 15/30 mins timeframe for nifty index and 30/60 mins time frame for bank nifty index
- If mother candle high is broken, take long trade with SL of mother candle low and if low is broken, take short trade with SL of mother candle high
Remember:
1. Above logic is to be combined with support/resistances i.e. price action. This script is an add-on to price action analysis giving you more conviction.
2. If range of mother candle is very high, it is recommended to avoid the trade.
3. Basis inside bar formed on higher time frame, take trade on basis of lower time frame i.e if inside bar is formed on 60 mins, take trade on the basis of 10-15 mins time frame
Example:
1. As seen in the chart, Nifty is near it's resistance and we are seeing Inside Bar being formed, In such scenario, even if High of Mother Candle is broken, we should be more interested to short as we are near resistance and probability of getting our targets in long side is less.
2. So, if I see breakdown of mother candle i.e. price going below low of mother candle, we will short with SL of high of mother candle.
3. As seen in the chart, both the targets are achieved.
Additional Info:
1. Targets on Long/Short Side can be configured via settings. For indices 1 times/1.5 times the range works well.
2. This script plots targets basis the first inside bar formed in the day for selected time frame.
3. Inside bars formed through out the day are coloured separately but lines are plotted only on the basis of 1st formed inside bar as this strategy works well for the first formed inside bar)
4. Don't forget to check volume in case of breakout/breakdown.
Note:
1. Mother Candle - First Candle of Inside Bar
2. Child Candle - Candle formed inside Mother Candle (Second Candle of Inside Bar)
Happy Trading :)
TriexDev - SuperBuySellTrendMinimal but powerful.
Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools.
Two indicators will appear, the default ATR multipliers are already set for what I believe to be perfect for this particular (double indicator) strategy.
If you want to break it yourself (I couldn't find anything that tested more accurately myself), you can do so in the settings.
Basic rundown:
A single Buy/Sell indicator in the dim colour; may be setting a direction change, or just healthy movement.
When the brighter Buy/Sell indicator appears; it often means that a change in direction (uptrend or downtrend) is confirmed.
You can see here, there was a (brighter) green indicator which flipped down then up into a (brighter) red sell indicator which set the downtrend. Once you understand the basics of how it works - it can become a very useful tool in your trading arsenal.
Typically I will use this and other indicators to confirm likeliness of a direction change prior to the brighter/confirmation one appearing - but just going by the 2nd(brighter) indicators, have found it to be surprisingly accurate.
Tends to work well on virtually all timeframes, but personally prefer to use it on 5min,15min,1hr, 4hr, daily, weekly. Will still work for shorter/other timeframes, but may be more accurate on mid ones.
Breakout Probability (Expo)█ Overview
Breakout Probability is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage. The probability of a new high and low is backtested, and the results are shown in a table— a simple way to understand the next candle's likelihood of a new high or low. In addition, the indicator displays an additional four levels above and under the candle with the probability of hitting these levels.
The indicator helps traders to understand the likelihood of the next candle's direction, which can be used to set your trading bias.
█ Calculations
The algorithm calculates all the green and red candles separately depending on whether the previous candle was red or green and assigns scores if one or more lines were reached. The algorithm then calculates how many candles reached those levels in history and displays it as a percentage value on each line.
█ Example
In this example, the previous candlestick was green; we can see that a new high has been hit 72.82% of the time and the low only 28.29%. In this case, a new high was made.
█ Settings
Percentage Step
The space between the levels can be adjusted with a percentage step. 1% means that each level is located 1% above/under the previous one.
Disable 0.00% values
If a level got a 0% likelihood of being hit, the level is not displayed as default. Enable the option if you want to see all levels regardless of their values.
Number of Lines
Set the number of levels you want to display.
Show Statistic Panel
Enable this option if you want to display the backtest statistics for that a new high or low is made. (Only if the first levels have been reached or not)
█ Any Alert function call
An alert is sent on candle open, and you can select what should be included in the alert. You can enable the following options:
Ticker ID
Bias
Probability percentage
The first level high and low price
█ How to use
This indicator is a perfect tool for anyone that wants to understand the probability of a breakout and the likelihood that set levels are hit.
The indicator can be used for setting a stop loss based on where the price is most likely not to reach.
The indicator can help traders to set their bias based on probability. For example, look at the daily or a higher timeframe to get your trading bias, then go to a lower timeframe and look for setups in that direction.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
MPF EMA Cross Strategy (8~13~21) by Market Pip FactoryThis script is for a complete strategy to win maximum profit on trades whilst keeping losses at a minimum, using sound risk management at no greater than 1.5%
The 3x EMA Strategy uses the following parameters for trade activation and closure.
1/ Daily Time Frame for trend confirmation
2/ 4 Hourly Time Frame for trend confirmation
3/ 1 Hourly Time Frame for trend confirmation AND trade execution
4/ 3x EMAs (Exponential Moving Averages)
* EMA#1 = 8 EMA (Red Color)
* EMA#2 = 13 EMA (Blue Color)
* EMA#3 = 21 EMA (Orange Color)
5/ Fanning of all 3x EMAs and CrossOver/CrossUnder for Trend Confirmation
6/ Price Action touching an 8 EMA for trade activation
7/ Price Action touching a 21 EMA for trade cancellation BEFORE activation
* For LONG trades: 8 EMA would be ABOVE 21 EMA
* For SHORT trades: 8 EMA would be BELOW 21 EMA
* For trade Cancellation, price action would touch the 21 EMA before trade is activated
* For trade Entry, price action would touch 8 EMA
Once trigger parameter is identified, entry is found by:
a) Price action touches 8 EMA (Candle must Close for confirmed Trade preparation)
b) Trade preparation can be cancelled before trade is activated if price action touches 21 EMA
c) Trailing Stop Loss can be used (optional) by counting back 5 candles from current candle
CLOSURE of a Trade is identified by:
e) 8 EMA crossing the 21 EMA, then close trade, no matter LONG or SHORT
f) Trail Stop Loss
IMPORTANT:
g) No more than ONE activated trade per EMA crossover
h) No more than ONE active trade per pair
NOTE: This strategy is to be used in conjunction with Cipher Twister (my other indicator) to reduce trades on
sideways price action and market trends for super high win ratio.
NOTE: Enabling of LONGs and SHORTs Via Cipher Twister is done by using the previous
green or red dot made. Additionally, when the trend changes, so do the dot's validity based
on being above or below the 0 centerline.
----------------------------
Strategy and Bot Logic
----------------------------
.....::: FOR SHORT TRADES ONLY :::.....
The Robot must use the following logic to enable and activate the SHORT trades:
Parameters:
$(crossunder)=8EMA,21EMA=Bearish $(crossover)=8EMA,21EMA=Bullish $entry=SELL STOP ORDER (Short)
$EMA#1 = 8 EMA (Red Color) $EMA#2 = 13 EMA (Blue Color) $EMA#3 = 21 EMA (Orange Color)
Strategy Logic:
1/ Check Daily Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=daily and trend=$(crossunder) then goto 2/ *Means: crossunder = ema21 > ema8
$(chart)=daily and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
2/ Check 4 Hourly Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=4H and trend=$(crossunder) then goto 3/ *Means: crossunder = ema21 > ema8
$(chart)=4H and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
3/ 1 Hourly Time Frame for trend confirmation AND trade execution if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=1H and trend=$(crossunder) then goto 4/ *Means: crossunder = ema21 > ema8
$(chart)=1H and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21
4/ Trade preparation:
* if Next (subsequent) candle touches 8EMA, then set STOP LOSS and ENTRY
* $stoploss=3 pips ABOVE current candle HIGH
* $entry=3 pips BELOW current candle LOW
5/ Trade waiting (ONLY BEFORE entry is hit and trade activated):
* if price action touches 21 EMA then cancel trade and goto 1/
Note: Once trade is active this function does not apply !
6/ Trade Activation:
* if price activates/hits ENTRY price, then bot activates trade SHORTs market
7/ Optional Trailing stop:
* if active, then trailing stop 3 pips ABOVE previous HIGH of previous 5th candle
or * Move Stop Loss to Break Even after $X number of pips
NOTE: This means count back and apply accordingly to the 5th previous candle from current candle.
NOTE: This function is switchable. 0=off and 1=on(active). Default = 0 (off)
8/ Trade Close ~ Take Profit:
* Only TP when
$(chart)=1H and trend=$(crossover) then close trade ~ Or obviously if Stop Loss is hit if 7/ is activated.
----------END FOR SHORT TRADES LOGIC----------
.....::: FOR LONG TRADES ONLY :::.....
The Robot must use the following logic to enable and activate the LONG trades:
Parameters:
$(crossunder)=8EMA,21EMA=Bearish $(crossover)=8EMA,21EMA=Bullish $entry=BUY STOP ORDER (Long)
$EMA#1 = 8 EMA (Red Color) $EMA#2 = 13 EMA (Blue Color) $EMA#3 = 21 EMA (Orange Color)
Strategy Logic:
1/ Check Daily Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=daily and trend=$(crossover) then goto 2/ *Means: crossover = ema8 > ema21
$(chart)=daily and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
2/ Check 4 Hourly Time Frame for trend confirmation if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=4H and trend=$(crossover) then goto 3/ *Means: crossover = ema8 > ema21
$(chart)=4H and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8
NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on)
3/ 1 Hourly Time Frame for trend confirmation AND trade execution if:
(look back up to 50 candles - find last cross of EMAs)
$(chart)=1H and trend=$(crossover) then goto 4/ *Means: crossover = ema8 > ema21
$(chart)=1H and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8
4/ Trade preparation:
* if Next (subsequent) candle touches 8EMA, then set STOP LOSS and ENTRY
* $stoploss=3 pips BELOW current candle LOW
* $entry=3 pips ABOVE current candle HIGH
5/ Trade waiting (ONLY BEFORE entry is hit and trade activated):
* if price action touches 21 EMA then cancel trade and goto 1/
Note: Once trade is active this function does not apply !
6/ Trade Activation:
* if price activates/hits ENTRY price, then bot activates trade LONGs market
7/ Optional Trailing stop:
* if active, then trailing stop 3 pips BELOW previous LOW of previous 5th candle
or * Move Stop Loss to Break Even after $X number of pips
NOTE: This means count back and apply accordingly to the 5th previous candle from current candle.
NOTE: This function is switchable. 0=off and 1=on(active). Default = 0 (off)
8/ Trade Close ~ Take Profit:
* Only TP when
$(chart)=1H and trend=$(crossunder) then close trade ~ Or obviously if Stop Loss is hit if 7/ is activated.
----------END FOR LONG TRADES LOGIC----------
IMPORTANT:
* If an existing trade is already open for that same pair, & price action touches 8EMA, do NOT open a new trade..
* bot must continuously check if a trade is currently open on the pair that triggers
* New trades are to be only opened if there is no active trade opened on current pair.
* Only 1 trade per pair rule !
* 5 simultaneous open trades (not same pairs) default = 5 but value can be changed accordingly.
* Maximum risk management must not exceed 1.5% on lot size
*** Some features are not yet available autoated, they will be added in due course in subsequent version updates ***
No-lose trading targets (Based on MFI) By Mustafa ÖZVERThis code shows expected reaction target prices after sudden moving based on MFI . Red area means the price is on overbought area, green area means the price is on oversold area. If you see red area under price, you can make short option to next to the horizontal beginning price of red area. If you see green area over price, you can make long option to next to the horizontal beginning price of green area.
When this code works
- The green area starts where mfi value is on oversold
- The red area starts where mfi value is on overbought
Of course, this code may be failed, do not forget the target may never come. But hopefully price will cross over the target.
And you (as developers) can develop this code by using anything instead of mfi to get up-down target prices.
But only this values can not guarantee good results for trading. BE CAREFUL
StockBee MB BullishStockBee Bullish Momentum Burst & 20% Plus Study Tool
The Stockbee bullish momentum burst study tool is helpful for practitioners of the momentum burst method who want to easily find historical momentum bursts and/or 20% plus gainers using Trading View. This script finds three specific breakouts that meet the below criteria:
4% Breakouts (Colors Candle Body)
1. Volume of the candle is greater than the previous candle volume.
2. The percent change of candle's price is greater than 4% from the previous candle close.
3. Current candle close is less than 30% from candle's high.
**Users can toggle 4% Breakouts on/off and also change candle body color in settings**
Dollar Breakouts (Colors Candle Body)
1. The change of candle's price is greater than $0.90 from the previous candle close.
2. Current candle close is less than 30% from candle's high.
** Dollar Breakout does not take volume into consideration **
**Users can toggle Dollar Breakouts on/off and also change candle body color in settings**
20% Plus Gainers (Displays Yellow Triangle Icon)
1. The change over five candles is greater than 20%.
**Users can toggle 20% plus label on/off, cannot change the label color**
This script also filters out any candle that gaps up and breaks down with a close above 4% the previous candle (Eliminates gap-ups that fade). This tool is meant to find and filter possible candidates. Not every marked candle is a great momentum burst trade. Users can look at 4% Breakouts, Dollar Breakouts, 20% Plus Gainers individually or any combination of the three.
This is helpful for Trading View users trading this specific setup.
Index Reversal Range with Volatility Index or VIXWhat is the Indicator?
• The indicator is a visualization of maximum price in which the respective index can go up to in comparison with it's Volatility Index or VIX.
Who to use?
• Intraday
• Swing
• Position
• Long term Investors
• Futures
• Options
• Portfolio Managers
• Mutual Fund Managers
• Index Traders
• Volatility based Traders
• Long term Investors and Options Traders gets the maximum benefit
What timeframe to use?
• 1 Year: Position & Investors
• 6 Months: Position & Investors
• 3 Months: Swing & Position
• 1 Month: Swing & Position
• 1 Week: Swing
• 1 Day: Swing
• 1 Hour: Intraday & Swing
What are Upper and Lower lines?
• Upper Line: If the index price reach closer to the Upper line there is a high chance of reversal to Bearish trend.
• Lower Line: If the index price reach closer to the Lower line there is a high chance of reversal to Bullish trend.
• This need to be confirmed with multiple levels like Daily, Weekly, Monthly etc.
How to use?
• If the price reach closer to that level there is a high chance of reversal from the current trend.
• To identify the reversal zone of the index.
• To identify the trend.
• Option Traders can Sell a Call or Put Option from that level.
• Long term Investors, Position or Swing traders can plan for a Long entry.
• Intraday traders can use lower timeframes to do the same.
Indicator Menu
• Input VIX: Identify the VIX Symbol of your Index and type it in the box.
• For example for NIFTY Index chart type INDIAVIX in the box.
• Choose multiple timeframes according to your convenience.
How to turn on indicator Name and Value labels?
• Right side of the screen >
• Right click on the Price scale >
• Labels > Indicators and financial name labels, Indicators and financial value labels
Further Reading:
• Various videos and reading materials are available about this method.
'last red low / last green high' exitThis is a good alternative to pivot points and ma lines to find long and short exit points (stop loss prices) for a trade.
When you hear traders say "set the stop loss to the recent swing", this indicator seems to do a reasonable job of finding those.
This script marks
the low of the most recent red candle
the high of the most recent green candle
in order to help identify a reasonable stop loss exit point for long and short trades.
You can also specify a distance threshold to the stop loss point.
How to use it.
Decide how far from the current price the exit should be (default 1.5%)
Use your chosen trading strategy to identify a long or short entry position
Add a long/short drawing to the close of the trade candle
Set the stop loos of your drawing to the exit line of this indicator
Set the take profit of your drawing using the desired risk to reward ratio
Note: A good rule is that if this indicator does not show a valid exit line, do not enter the trade.
Note: If the change of a new "last Green High" or the "last Red Low" is below 0.5%, the indicator will keep the previous values
Vix FIX / Stochastic Weights StrategyThis script is based off of Chris Moody's Vix Fix Indicator modified by OskarGallard and BigBitsIO's Stochastic Weights.
This script is a compilation of several different stochastic indicators (and RSI ) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them easier. By default, the Stochastic and Stochastic RSI are both enabled - the idea is to speed up the relatively slower Stochastic and to slow down the relatively fast Stochastic RSI . BigBitsIO's Stochastics are also available that can also be added to the weighted calculation. Only the K value is weighted, as the D value is just a moving average of the weighted K.
- Why is this modifed stochastic useful?
- To weight multiple indicators together so that you can attempt to find optimal values shared amongst the indicators. Ex: If Stochastic RSI is 100 and Stochastic is 50, K would be 75 and not particularly high. If you add in a 50 RSI , the K would be 67 in this example. If we weight indicators together that all have a high value they could potentially help find elements that align together to produce a stronger signal.
In this script we have the red "S" triangles which are Exits (overbought stochastic crosses).
Added alerts for stochastic exit signals. Alerts are Pre-Set to only Alert on Bar Close.
The "Williams Vix Fix" is one of the most reliable indicators in history for finding market bottoms. The Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries".
The AE green triangles are "Aggressive Filtered Entries".
Added Alerts to Williams Vix Fix (Aggressive Entry and Filtered Entry). Alerts are Pre-Set to only Alert on Bar Close.
Added "Ehlrers StochCCI" indicator of user @glaz
The Ehlrers StochCCI is a variation of Ehlers Stochastic RSI replaced with CCI.
The John Ehlers' article in August, 2006, "Modeling The Market = Building Trading Strategies," describes a process for extracting trend and cyclic elements from market data, then recombining them for trading purposes. He used the Stochastic RSI denoted the cyclic elements.
Added ability to show Dots when StochCCI Crosses.
Sell: fuchsia dots.
Buy: green dots.
Added alerts for (Buy / Sell) StochCCI. Alerts are Pre-Set to only Alert on Bar Close.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
MicroStrategy MetricsA script showing all the key MSTR metrics. I will update the script every time degen Saylor sells some more office furniture to buy BTC.
All based around valuing MSTR, aside from its BTC holdings. I.e. the true market cap = enterprise value - BTC holdings. Hence, you're left with the value of the software business + any premium/discount decided by investors.
From this we can derive:
- BTC Holdings % of enterprise value
- Correlation to BTC (in this case we use CME futures...may change this)
- Equivalent Share Price (true market cap divided by shares outstanding)
- P/E Ratio (equivalent share price divided by quarterly EPS estimates x 4)
- Price to FCF Ratio (true market cap divided by FCF (ttm))
- Price to Revenue (^ but with total revenue (ttm))
SHAD helperDisplays lines and labels for prices following the SHAD strategy.
SHAD strategy consists in selling half the position every time price doubles, thus this indicator displays values for x2, x4, x8 and x16 of current closing price.
You can also see "/2" (-50%) and "/4 " (-75%) values.
You can edit display colors and labels text size in the indicator's settings
CPR Option Selling StrategyGood afternoon traders,
This is a script I built for option selling, in attempt to have a high success rate.
The gist of how it works:
It uses the opening or close of the current chart's timeframe opening bar when referenced against a designated (higher) timeframe's central pivot range (CPR).
Using that comparison, this script calculates an option to sell: put, call, or iron condor. It will calculate a call value using an average of the CPR central pivot and the max value of the prior higher timeframe's high or R1 (whichever is higher.)
It does the same for the put side, but uses the higher timeframe's low or S1 (whichever is lower.)
It will use the option on the other side of the source (open or close) of the CPR as the "option in play."
Settings:
There are many settings, most are simply "viewable" settings, and probably self explanatory, others, not so much:
"Source for Trigger" - this is the value used on the "opening bar," such as the close. This value is the one compared to the Central Pivot Range in determining whether to sell a call (if the source is lower,) sell a put (if the source is higher,) or an iron condor if it's in the CPR.
"Show Historical Win/Loss Percentages" - this shows a table in the bottom right of the W/L percentages for the current ticker and settings. Used for a quick glance at historical success rates.
"Extend Developing Levels Into the Future" - This will extend the developing values for CPR values, call and put values into the future (good for trying to trade early or setting up pre-market trades, assuming there will not be huge gap in one direction or another.)
"Select Higher Timeframe" - "Auto" will choose the higher timeframe for you. "Manual" will use the next field...
"If Manual, Timeframe for Pivots" - allows you to choose a different higher timeframe.
The next two sections are simply whether to show the plots for different levels of traditional and/or camarilla pivot points.
The last section will allow you to just filter on certain days. Really only useful for "backtesting" certain 0DTE trades on some daily options during the hourly chart.
Example use:
An example use (which I completed last week) on the chart referenced in this share: I sold a put-spread for $0.90, selling a 590 and buying a 570 strike in the middle of the week. I was looking at an hourly timeframe chart with a weekly pivot timeframe for the strategy.
Obviously, making only $0.90 on a $20 spread, there is a lot more to lose than to make, but I did some other analysis to go with it, so I felt safe, and I had a stop set for $1.50. So it worked, along with 3 other plays I did, very similar, and if that "Historical Win/Loss Percentage" is accurate, which I am fairly certain it is, I felt good about it.
The key all comes down to what you sell it for, right? That piece only you can determine. :)
Happy trading and enjoy,
Deuce
Renko Candles OverlayHello All,
For long time I got many request for Renko Candles and now here it's, Renko Candles Overlay . I tried to make almost everything optional, so you can play with the options as you want.
Let see the options:
Method: the option for brick scaling method: ATR, ATR/2, ATR/4, Percent, Traditional
- ATR Period: period for Average True Range and it's valid if the method is ATR
- ATR/2 Period: period for Average True Range and it's valid if the method is ATR/2
- ATR/4 Period: period for Average True Range and it's valid if the method is ATR/4
- Traditional: User-defined brick size, it's valid if the method is Traditional
- Percent: Percent of Close price, it's valid if the method is Percent
if the method is not Traditional (fixed brick size) then Brick size is calculated/updated when new bricks added. so The box sizes may be different because of the calculation is dynamic.
Levels & Lines for new Bricks: if you enable this option then the script shows the levels for new brick
Change Bar Color: optionally the script changes the bar color by using direction of the bricks
and some other options for coloring.
The script shows the bricks for visible area, which is approximately 280 candles. so if you change the width and number of the bricks then number of bricks that is shown is adjusted automatically to fit the screen. you can see the examples below:
The script shows the levels to new brick as a line and label:
Because of real-time bar is not confirmed until the candle close, the script shows the bricks as Unconfirmed , and unconfirmed bricks shown in different color:
You can change the width of the bricks (width is 10 in following example):
Optionally candle colors are changde by the direction of the bricks:
If you have any recommendation then please drop a comment under the script ;)
Enjoy!
Historical Range (Using eStrategy library)⬜ The script is intended to cover few things.
▶ Strategy testing framework based on eStrategy library
▶ Using historicalrange of values for identifying better entry and exits.
This is also built on top of the Systematic Investment Plan script published here
⬜ Strategy testing framework
Strategy testing framework is different from tradingview default strategy testing from few ways to suit the needs of systematic investments.
▶ Supports recurring investment on top of initial investment to emulate adding further funds to the investment bucket on regular basis.
▶ Better calculation of drawdowns based on daily equity rather than drawdown calculated only on close of trade.
▶ Provides better control over how much strategy can reduce and reload
Having said that, this framework is not intended as replacement for tradingview strategy framework. It is not as comprehensive as tradingview strategy framework. But, created to address few specific styles of strategy.
▶ No detailed trade stats on individual trades. But, this can be implemented in future versions
▶ At present only facilitates long positions.
▶ UI features such as plotting trades on chart are not available.
▶ Does not take into consideration of slippage and brokerage - this is not an issue because the framework is not meant for short term trades. It is only made for daily timeframes.
▶ No pyramiding or leverage possible.
And many more...
Framework can be used for similar strategies based on market timing with few small changes.
⬜ Historical Range Strategy
Concept here is, instead of taking indicators such as oscillators as is, use historical percentile to derive better oversold and overbought conditions. Strategy provides different options to base historical range. This can either be based on
▶ Band percent
▶ Oscillator
Different choices of bands and oscillators are also available to chose. However, have not done extensive testing on all the combinations.
⬜ Settings
▶ Initial and recurring investment settings (As confirm inputs)
▶ Buy and hold and strategy specific settings to be used for stat calculation
▶ Band and oscillator parameters
These are straightforward parameters which is used for defining the base of either bands or oscillators.
▶ Percentile moving average parameter
Percentile MA is used with Percentile to find entry and exit signals based on crossover and crossunder.
Feedbacks and suggestions welcome.
SAR+RSI+EMAs SignalsNOTE:
Indicator based strategies may expire and begin to work again. There are various ways to check the expiration of these strategies but I suggest equity curve trading (EC trading) as the best one.
Please check every single indicator based strategy to see if it’s still profitable or it has been expired to avoid losses.
Principles:
I personally believe every profitable indicator-based setup need 3 factors. Actually I analyze indicator-based set up in this way!
1- Trend detector: a tool that detect the “trend”.
2- Oscillators (Discount finder): a tool that detects “discounts” in the direction of the trend.
3- Stimulus: A tool that indicates the Initiation of a movement.
There may be profitable strategies that do not use all three, because other factors are strong enough to lead us to profit, but they are rare and sometimes they hide the other forgotten factor in the main two ones.
Elements:
(Since most of traders here, are familiar with these famous indicators I will not take your time to write about their uses and formula)
SAR: As a Trend detector, regarding position of close and SAR
EMA 7 and EMA 21: As trend detectors, regarding position of EMA 7 as fast “moving average” and EMA 21 as slow one. Also we need another confirmation for trend regarding EMA 7 and closing price of the signal candle.
RSI: In this strategy RSI is used both as a discount finder and a stimulus.
For RSI being over/under 50, regarding the trend, a possible discount may have been occurred. Imagine these conditions: close>EMA7, EMA7>EMA21, close>SAR and simultaneously RSI being under 50 is really a sign of powerful uptrend which it’s RSI decreasing might be a sign of corrective move, which will be following a bullish impulsive move.
The other use of RSI is to stimulate a buy signal by “crossing” over 50 or 30 (50 as balanced point of momentum and 30 as a sign of ending an oversold) or stimulate a sell signal by “crossing” under 50 or 70 (50 as balanced point of momentum and 70 as a sign of ending an overbought).
Entry point: you can use one of the followings.
1- Open of the next candle
2- EMA 7
3- Open of the signal candle
(Totally optional but “open of the next candle” is suggested by me.)
SL: Use one of the followings.
1- SAR or some pips (regarding ATR Or your experience of this trading instrument’s fluctuations in this time frame) below the SAR
2- Fixed amount (regarding ATR Or your experience of this trading instrument’s fluctuations in this time frame)
3- Use EMA21 as dynamic SL (if a candle far enough from the initiative candle close over (for sell) below ( for buy)
Again number 1 is suggested by me.
TP: Use one of the followings.
1- Use static levels or zones of support and resistance as TP.
2- Use dynamic levels for instance band of BB or moving averages (Moving the SL is possible).
3- Use fixed R to R
And I believe static zones of support and resistance work better.
Examples:
I indicate a buy signal on the chart!
Using local level as TP worked just good.
Using EMA was better in this case.
And using a riskier level or a fixed R to R is obvious in the chart!
Since in the range markets, this strategy may not work well and at the same time, TP to SL might be too small to be worth the risk, I prefer to use levels to filter range market conditions!
I convert all those circumstances to a simple buy and sell signs on the chart!
EMA21 and SAR are still visible because it is possible that traders use them for their TP and SL.
This is how it look without EMA21 and SAR!
Another screenshot of this strategy!
I also add a check box to filter signals by another trend detector. MATD created by me to help traders detect trend!
As it’s visible, some profitable signals filtered too, but using a longer-term trend detector as an additional one, alongside the double EMAs is very useful for this strategy.
The other box “use high&low instead of close for fast EMA” makes the “EMA7 and close” trend detector an easygoing one!
Almost everything is editable here!
*** I did not invent this strategy, you can find it for free on net ***
I'll change it to a "strategy" instead of an indicator if reader like to!
Multiple Ticker TraderThis indicator can be used as an alternative to the built in Strategy Tester for those who want to (back) test a strategy on multiple tickers simultaneously and see it's performance.
Just change the buy and sell conditions in the code to fit your needs.
The strategy I've used here is scaling into up to 10 tickers a maximum of 5 times per ticker every time they retrace (another) 10% from their all time high.
You can set the maximum number of total trades and disable scale ins by setting them to an impossible number (such as, 99% away from the all time high).
Credit to QuantNomad for the monthly/yearly returns table bottom left.
The bottom right table shows the current number of shares the algo is long and also the total all-time returns from each individual ticker, and other data.
The blue line is the number of positions the script is currently long. Each scale into the same ticker represents one position.
The yellow line is the closed P&L.
The green/red line is the live P&L.
I've used leverage for the example image just to showcase the liquidation display.
These particular buy/sell conditions cannot close positions at a loss, so be careful if you're wild enough to use this setup live without understanding the script yourself. I haven't used it live myself yet and you should assume there are serious bugs before thinking about using it live, though I'm using a similar thing on cryptos and it's going fine.
You can edit the leverage, maximum trades and back test range in the settings. The number following the ticker on each label represents which scale in was bought/sold.
Enjoy :) let me know if you find any good results
IDEAL BB with MA (With Alerts)It gives well combination of Moving average and Bollinger bands with signals
EneX SignalEneX is signal that give recommendation signals for entry and exit on spot market. This indicators not suitable for leverage trading in futures market.
EneX signal consider several indicators and has entry and exit rules.
EneX signal is suitable for investors who believe in trend following strategy (disclaimer on).
This script composed by Yohan Naftali for educational purpose only. Reader who will use this signal must do own research.
Indicator and Plot Involved
1. Williams Fractals with default periods = 2
2. William Alligator Indicators with default simple moving average 8, 13, and 21
3. Exponential Moving Averages with default value EMA 50, 100, and 200
4. Relative Strength Index with default overbought level = 80 and oversold level = 20
5. Williams Fractals are joined to create support and resistance line and fill area between support and resistance lines.
Entry signal conditions
1. Entry on Weakness when bullish fractal appear on n/2 period
2. Entry when price break resistance line
All entry condition must above EMA and alligator signal and not in overbought RSI
Exit signal conditions
1. Lowest price is below Exponential Moving Average
2. Lowest price is below William alligator lines
You can easily find entry and exit points by using Entry (E), Exit(X) signals
How to use
1. Monitor chart and wait until E or X signals
2. Entry if Entry Signal (E) appear (green colored label)
3. Exit if Exit Signal (X) appear (red colored label)
4. Change indicators setting when necessary
Best Practice
1. Entry only when entry signal (E) appear
2. Never entry when price below William alligator signal
3. Exit when exit signal (X) appear
4. Not exit when exit signal appear when you believe or you have information that price will be rebound
5. Exit if you believe that current price meet your target price
6. Always wise when use EneX signals
Disclaimer
Do your own research and consider fundamental price of asset.
The indicators provided on this script is for educational purposes only.
Author does not offer advisory or brokerage services, nor does it recommend or advise users to buy or sell particular stocks or securities.
Please examined script and give feedback for further improvement.
ATR-Adjusted RSIThis indicator adjusts the RSI values using the Average True Range. It is used the same way as a normal RSI.
Vertex EMA StrategyRecently found an article sharing an EMA strategy written by Vertex. I copied a majority of the Long conditions into code here with some visual aid.
Essentially, watch for a the 8 EMA to be greater than the 21 EMA, and all the EMA's to be spread apart. Then get your trigger bar from a retracement from the 8 bar EMA. Stop on the lowest low of the past 5 bars, or on EMA 8 crossunder EMA 21.
This is intended to only be used on a 1h chart.
This was made for a friend.
Disclaimer : Please do your own research before making any decisions financially. I am not your financial advisor.
