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Pivot-Based Channels & Bands [Misu]█ This Indicator is based on Pivot detection to show bands and channels. The pivot price is similar to a resistance or support level. If the pivot level is breached, the price should continue in that direction. Or the price could reverse at or near this level. █ Usages: Use channels as a support & resistance zone. Use bands as a support & resistance zone. It is also very powerfull to use it as a breakout. Use mid bands & mid channels as a trend direction or trade filter as a more usual moving average. █ Parameters: Show Pivot Bands: show bands. Show Pivot Mid Band: show mid bands. Show Pivot Channels: show channels. Show Pivot Mid Channel: show mid channels. Deviation: deviation used to calculate pivot points. Depth: depth used to calculate pivot points.
Penunjuk Pine Script™
oleh Fontiramisu
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 :)
Penunjuk Pine Script™
oleh dixitsoham7
28
Two Box TheoryA channel is where the price action travels between two rectangular boxes. The Purple box line is treated as resistance and the Blue box line is treated as support. Two Box Theory is a TradingView TM indicator that automatically locates and prints key support and resistance levels. Its responsibility lies in its capacity to offer real-time visualisation to support your trade. It is a flexible indicator that can be used for short or long time frames and has a precision of 8 decimal points, making it appropriate for all types of markets. You can choose to get alerts immediately because each condition has its own set of alerts. Two Box Theory has been tried, true, and tested for more than a year and has already earned the faith of those who have used it. Two Box Theory has what it takes to take your trading to the next level, whether it's used as a stand-alone method or as an addition to your current approach. Read the description to better understand the functions of this indicator. 1- It will automatically find Pivot Points to determine support and resistance by calculating extensive amount of data. 2- When it calculates new Pivot Points it will remove previous ones and the support/resistance channels will be updated. 3- For every upcoming Pivot Point it scans all previous Pivot Points in its channel horizontally. 4- It will show a different box (grey) when price action goes sideways. This is when the coin is in a no trade zone. 5- After breaking that level(grey box) upwards, it will change colour of its box to make support channel. 6- It will also alert you when the support or resistance breaks, you can set the alerts in the settings. 7- It also includes two Simple Moving Averages for further confirmations. Here are some screenshots to understand how it functions: The Auto-Support/Resistance feature in this indicator uses Artificial Intelligence (AI) to automatically plot the support/resistance levels and show them based on the strength of different levels to perform analysis. AI is used to detect the support/resistance levels and rated based on the following factors: i- Number of touches ii- Length of the line iii- Recency of the line iv- Violations of the line You can manage risk according to the support and resistance to set Stop-Loss and the potential take-profit based on the nearest support/resistance levels Stop loss and take profit levels are made easy on this indicator and if you follow the instructions properly, your accuracy rate should lie between 85-95% For example: Support indications: Resistance Indications and trading technique: Resistance convert into support:
Penunjuk Pine Script™
oleh MagnusPeterson
26
Volume Histogram [SpiritualHealer117]This indicator is a histogram produced with Pinescript's boxes and is helpful for spotting support, resistance, and key levels. The indicator shows the volume executed at each source price over a customizable time period. The "Key Level" in this indicator is the price at which the most volume was executed, and the "Major Levels" are levels where volume was over a percentile threshold, which you can customize in settings. Feel free to give any feedback on the indicator or make a copy for yourself!
Penunjuk Pine Script™
oleh spiritualhealer117
2
Copy/Paste LevelsCopy/Paste Levels allows levels to be pasted onto your chart from a properly formatted source. This tool streamlines the process of adding lines to your chart, and sharing lines from your chart. More than one ticker at a time! This indicator will only draw lines on charts it has values for! This means you can input levels for every ticker you need all at once, one time, and only be displayed the levels for the current chart you are looking at. When you switch tickers, the levels for that ticker will display. (Assuming you have levels entered for that ticker) The formatting is as follows: Ticker,Color,Style,Width,Lvl1,Lvl2,Lvl3; Ticker - Any ticker on Tradingview can be used in the field Color - Available colors are: Red,Orange,Yellow,Green,Blue,Purple,White,Black,Gray Style - Available styles are: Solid,Dashed,Dotted Width - This can be any negative integer, ex.(-1,-2,-3,-4,-5) Lvls - These can be any positive number (decimals allowed) Semi-Colons separate sections, each section contains enough information to create at least 1 line. Each additional level added within the same section will have the same styling parameters as the other levels in the section. Example: 2 solid lines colored red with a thickness of 2 on QQQ, 1 at $300 and 1 at $400. QQQ,RED,SOLID,-2,300,400; IMPORTANT MUST READ!!! Remember to not include any spaces between commas and the entries in each field! ex. ; QQQ, red, dotted, -1, 325; <- Wrong ex. ;QQQ,red,dotted,-1,325;)<- Right However, All fields must be filled out, to use default values in the fields, insert a space between the commas. ex. ;QQQ,red,dotted,,325; <- Wrong ex. ;QQQ,red,dotted, ,325; <- Right While spaces can not be included line breaks can! I recommend for easier typing and viewing to include a line break for each new line (if changing styling or ticker) Example: 2 solid lines, one red at $300, one green at $400, both default width. Written in a single line AND using multiple lines, both give the same output. QQQ,red,solid, ,300;QQQ,green,solid, ,400; or QQQ,red,solid, ,300; QQQ,green,solid, ,400; In this following screenshot you can see more examples of different formatting variations. The textbox contains exactly what is pasted into the settings input box. As you can see, capitalization does not matter. Default Values: Color = optimal contrast color, If this field is filled in with a space it will display the optimal contrast color of the users background. Style = solid Width = -1 More Examples: Multi-Ticker: drawing 3 lines at $300, all default values, on 3 different tickers SPY, , , ,300;QQQ, , , ,300;AAPL, , , ,300 or SPY, , , ,300; QQQ, , , ,300; AAPL, , , ,300 Multiple levels: There is no limit* to the number of levels that can be included within 1 section. * only TV default line limit per indicator (500) This will be 4 lines all with the same styling at different values on 2 separate tickers. SPY,BLUE,SOLID,-2,100,200,300,400;QQQ,BLUE,SOLID,-2,100,200,300,400 or SPY,BLUE,SOLID,-2,100,200,300,400; QQQ,BLUE,SOLID,-2,100,200,300,400 Semi-colons must separate sections, but are not required at the beginning or end, it makes no difference if they are or are not added. SPY,BLUE,SOLID,-2,100,200,300,400; QQQ,BLUE,SOLID,-2,100,200,300,400 == SPY,BLUE,SOLID,-2,100,200,300,400; QQQ,BLUE,SOLID,-2,100,200,300,400; == ;SPY,BLUE,SOLID,-2,100,200,300,400; QQQ,BLUE,SOLID,-2,100,200,300,400; All the above output the same results. Hope this is helpful for people, Enjoy!
Penunjuk Pine Script™
oleh SamRecio
17
Price Pivots for NASDQ 100 StocksPrice Pivots for NASDQ 100 Stocks What is this Indicator? • This indicator calculates the price range a Stock can move in a Day. Advantages of this Indicator • This is a Leading indicator, not Dynamic or Repaint. • Helps to identify the tight range of price movement. • Can easily identify the Options strike price. • Develops a discipline in placing Targets. Disadvantages of this Indicator • The indicator is specifically made for NASDQ 100 stocks. The levels won't work for other stocks. • The indicator shows nothing for other indexes and stocks other than above mentioned. • The data need to be entered manually. Who to use? Highly beneficial for Day Traders, it can be used for Swing and Positions as well. What timeframe to use? • Any timeframe. • The highlighted levels in Red and Green will not show correct levels in 1 minute timeframe. • 5min is recommended for Day Traders. When to use? • Wait for proper swing to form. • Recommended to avoid 1st 1 hour or market open, that is 9.15am to 10.15 or 10.30am. • Within this time a proper swing will be formed. What are the Lines? • The concept is the price will move from one pivot to another. • Entry and Exit can be these levels as Reversal or Retracement. Gray Lines: • Every lines with price labels are the Strike Prices in the Option Chain. • Price moves from 1 Strike Price level to another. • The dashed lines are average levels of 2 Strike Prices. Red & Green Lines: • The Red and Green Lines will appear only after the first 1 hour. • The levels are calculated based on the 1st 1 hour. • Red Lines are important Resistance levels, these are strong Bearish reversal points. It is also a breakout level, this need to be figured out from the past levels, trend, percentage change and consolidation. • Green Lines are important Support levels, these are strong Bullish reversal points. It is also a breakdown level, this need to be figured out from the past levels, trend, percentage change and consolidation. What are the Labels? • First Number: Price of that level. • Numbers in (): Percentage change and Change of price from LTP (Last Traded Price) to that Level. How to use? Entry: • Enter when price is closer to the Red or Green lines. • Enter after considering previous Swing and Trend. • Note the 50% of previous Swing. • Enter Short when price reverse from each level. • If 50% of swing and the pivot level is closer it can be a good entry. Exit: • Use the logic of Entry, each level can be a target. • Exit when price is closer to the Red or Green lines. Indicator Menu Source • Custom: Enter the price manually after choosing the Source as Custom to show the Pivots at that price. • LTP: Pivot is calculated based on Last Traded Price. • Day Open: Pivot is calculated based on current day opening price. • PD Close: Pivot is calculated based on previous day closing price. • PD HL2: Pivot is calculated based on previous day average of High and Low. • PD HLC3: Pivot is calculated based on previous day average of High, Low and Close. "Time (Vertical Lines)" • This is a marker of every 1 hour. • Usually major price movement happen between previous day last 1 hour to today first 1 hour. • Two swings can happen between first 2 hour of current day. • At the end of the day last 1 hour another important movement will happen. • Usually rest of the time won't show any interesting movement. To the Users • Certain symbols may show the levels as a single line. For such symbols choose a different Source or Timeframe from the indicator menu. • Please inform if any of the Symbol's price levels don't react to the pivots , include the Symbol a well. • Also inform if you notice any wrong values, errors or abnormal behavior in the indicator. • Feel free to suggest or adding new features and options. General Tips • It is good if Stock trend is same as that of Index trend. • Lots of indicators creates lots of confusion. • Keep the chart simple and clean. • Buy Low and Sell High. • Master averages or 50%. • Previous Swing High and Swing Low are crucial. Important Note • Currently the levels are in testing stage. • Eventually the levels of certain symbols will be corrected after each update and test.
Penunjuk Pine Script™
oleh Arun_K_Bhaskar
4
[KRONOS] DeviationsDescription This indicator calculates the differences between the current price and the local support or resistance, and normalizes it into a range. The value basis is calculated from a defined period of time that is then multiplied to get a standard deviations and a max. and min. value subtracted and divided into a final value. It includes Extreme zones. This value appears as blue and red lines which deviates from the oversold to overbought range. Momentum. Lower time frame momentum is represented by a gray histogram as well as a signal line oscillating from a red to blue color. Strong reversal. Red ( bearish ) and blue ( bullish ) columns will appear on the histogram when our algorithm detects that the strength of momentum is coming to an end indicative of a trend reversal. Trend confirmation. Red or blue arrows will act as a trend confirmation. Support and resistance . The zero line will frequently serve as a S/R area. Divergences. You can use this indicator to detect potential pivot areas. How to use? Sell/Short when the histogram shows a red column and the signal line is in or above the overbought area (colored in red). Buy/Long when the histogram shows a blue column and the signal line is in or below the oversold area (colored in blue). extra tip: if you entered a trade based on the above conditions, you can partially increase your position each time you see a confirmation arrow.
Penunjuk Pine Script™
oleh kronos-algo
ZigZag with Retracement LevelsThis is a modification to "ZigZag with Fibonacci Levels" by LonesomeTheBlue. By default, the script finds the ZigZag, draws Fibonacci lines and labels accordinly. ZigZag period can be set. The modification to the original script provides the following features: 1) Option for user to customize retracement levels, if they don't want to use Fibonacci levels. This allows for different strategy adoptions. 2) Option to show Fibonacci or custom retracement levels based on the latest pivot (including the current bar) For example: Enjoy and happy trading~!!
Penunjuk Pine Script™
oleh PtGambler
12
Average Daily Range (ADR) (Multi Timeframe, Multi Period)Average Daily Range (ADR) (Multi Timeframe, Multi Period, Extended Levels) Tips • Narrow Zones are an indication of breakouts. It can be a very tight range as well. • Wider Zones can be Sideways or Volatile. What is this Indicator? • This is Average Daily Range (ADR) Zones or Pivots. • This have Multi Timeframe, Multi Period (Up to 3 Levels) and Extended Target Levels. Advantages of this Indicator • This is a Leading indicator, not Dynamic or Repaint. • Helps to identify the reversal points. • The levels are more accurate and not like the old formulas. • Can practically follow the Buy Low and Sell High principle. • Helps to keep minimum Stop Loss. Who to use? • Highly beneficial for Day Traders • It can be used for Swing and Positions as well. What timeframe to use? • Any timeframe. When to use? • Any market conditions. How to use? Entry • Long entry when the Price reach at or closer to the Green Support zone. • Long entry when the Price retrace to the Red Resistance zone. • Short entry when the Price reach at or closer to the Red Resistance zone. • Short entry when the Price retrace to the Green Support zone. • Long or Short at the Pivot line. Exit • Use past ADR levels as targets. • Or use the Target levels in the indicator for breakouts. • Use the Pivot line as target. • Use Support or Resistance Zones as targets in reversal method. What are the Lines? Gray Line: • It the day Open or can be considered as Pivot. Red & Green ADR Zones: • Red Zone is Resistance. • Green Zone is Support. • Mostly price can reverse from this Zones. • Multiple Red and Green Lines forms a Zone. • These lines are average levels of past days which helps to figure out the maximum and minimum price range that can be moved in that day. • The default number of days are 5, 7 and 14. This can be customized. Red & Green Target Lines: • These are Target levels. What are the Labels? • First Number: Price of that level. • Numbers in (): Percentage change and Change of price from LTP (Last Traded Price) to that Level. General Tips • It is good if Stock trend is same as that of the Index trend. • Lots of indicators creates lots of confusion. • Keep the chart simple and clean. • Buy Low and Sell High. • Master averages or 50%.
Penunjuk Pine Script™
oleh Arun_K_Bhaskar
64
RSI Improved strategySet a Horizontal Ray at the price that relates highest / lowest RSI . It 's more clear to decide when to open long / short position manually. It's a scalping strategy that works in 15min chart(basically works in most of timeframe , if you don't look it as a scalping strategy), when RSI hits Highest / Lowest value , the strategy will open a Long / Short position. The Default Risk Reward Ratio was 1 (1600 points : 1600 points) you can adjust it in settings You guys can look it as a RSI alert indicator Think before you do , use it wisely. Thanks a lot! There is a lot of useless words in Pine if you wanna look it please ignore it.
Strategi Pine Script™
oleh jimmy30110
4
PT OrderBlockVersion 1.0 of the PT OrderBlock indicator was developed to visually identify supply & demand zones within price. This indicator can be used on all timeframes. My preferred method is swing trading the higher timeframe. Orderblocks are formed when there is a break in structure once a big buy/sell candle has formed. These "blocks" will eventually get revisited on a retest acting as major support/resistance. An orderblock for a demand zone is populated on the chart when there is a bearish candle before a swift move to the top side (opposite direction). The same goes for the orderblock that is formed for a supply zone, it is the last bullish candle before a swift move to the downside. Once you see such behavior, the indicator will populate the orderblock for you. When an orderblock gets mitigated (tapped into) the indicator will change colors of the block to allow you to distinguish between a fresh and already taped supply/demand zone. It has been proven effective to enter entries based on retests of the orderblocks which take place AFTER a break in market structure. *PT OB Features: -OBs that have been partially filled will remove a portion of the background zone to indicate how much of the orderblock is left to fill in the full zone (Toggle Highlight remaining OB). -OB trigger can be switched between candle open & wick. I prefer wick because it increases the probability of catching a low/high. Video with strategy will be uploaded shortly! It is included as part of the library. Just message us for access!
Penunjuk Pine Script™
oleh patterntraders
11
DEMA Supertrend Bands [Misu]█ Indicator based on DEMA (Double Exponential Moving Average) & Supertrend to show Bands . DEMA attempts to remove the inherent lag associated with Moving Averages by placing more weight on recent values. Supertrend aims to detect price trends, it's also used to set protective stops. █ Usages: Combining Dema to calculate Supertrend results in nice lower and upper bands. This can be used to identify potential supports and resistances and set protective stops. █ Parameters: Length DEMA: Double Ema lenght used to calculate DEMA. Dema is used by Supertrend indicator. Length Atr: Atr lenght used to calculate Atr. Atr is used by Supertrend indicator. Band Mult: Used to calculate Supertrend Bands width. █ Other Applications: The mid band can be used to filter bad signals in the manner of a more classical Moving Average.
Penunjuk Pine Script™
oleh Fontiramisu
SMA VWAP BANDS [qrsq]Description This indicator is used to find support and resistance utilizing both SMA and VWAP. It can be used on lower and higher time frames to understand where price is likely to reject or bounce. How it works Rather than using the usual calculation for the VWAP, instead this script smooths the volume first with the SMA and then respectively calculates the smoothed multiplication of high, low and close price with the volume individually. These values are then divided by the smoothed volume to find individual VWAP's for each of the sources. The standard deviations of these are calculated, resulting in an upper, lower and middle band. It is essentially VWAP bands with some smoothed calculations in the middle. How to use it I like to use the bands for LTF scalping as well as HTF swings. For scalping: I tend to use either the 5m or 15m TF I then set the indicator's TF to 1m I will take a scalp based on the bands confluence with other PA methods, if price is being either supported or rejected. For swings: I tend to use a variety of TFs, including: 30m, 1H, 4H, D I then set the indicator's TF to "Chart" I will take a swing based on the bands confluence with other PA methods, if price is being either supported or rejected. I also tend to use them on perpetual contracts as the volume seems to be more consistent and hence results in more accurate support and resistance.
Penunjuk Pine Script™
oleh qrsq
5
Unicorn X-AlgoUnicorn X-Algo is a multifunctional trading indicator. It is designed to help traders make real-time decisions using quantitative models. Its core is a trend trading strategy based on our enhanced Trailing Stop-Loss algorithm. This strategy provides the user with position entry and exit signals. It is customizable and has a built-in instant backtesting feature. For those who have difficulty with finding the good settings the indicator has the Automatic Mode. In this mode, there is no need for the user to adjust any settings. The indicator calculates optimized trading signals automatically. In addition, the indicator provides a number of useful tools that aim to provide additional confirmation to the trading signals. They include: support and resistance levels forecast, price range prediction and institutional activity detection. The script can send real-time alerts to the user’s Email and to the cell phone via notifications in the TradingView app. The indicator can be used for various types of trend and swing trading, including positional trading, day trading and scalping. Unicorn X-Algo allows users to: forecast direction of trends with BUY and SELL signals; determine the right time to close a position; detect institutional activity in the market; forecast key support and resistance levels; predict the future price range for any market; customize any settings and do a backtest with one click; see historical trades on the chart; use the fully Automatic Mode where the algorithm optimizes all its settings itself. When using this script, keep in mind that past results do not necessarily reflect future results and that many factors influence trading results. FEATURES Trading signals The feature calculates trend or swing entry and exit signals. The underlying strategy does not use fixed Take-Profit levels. It trails the price with a Trailing Stop-Loss to get as many pips as possible from price movements. The feature is based on our custom Volatility Stop algorithm. It uses linear regressions instead of averaging. As our practice shows, this helps to reduce signal lag while keeping the number of false signals low. Trading signals are customizable with Sensitivity and Trade Length parameters which determine the trading signals frequency and width of the Trailing-Stop levels, respectively. Automatic Mode The Trading Signals function has an automatic mode. When it is turned on, you do not need to adjust the trading signals settings. The algorithm tries to calculate the best settings automatically using an optimization algorithm. In this mode, Buy and Sell signals are displayed as green and red triangles respectively. There are two types of exit signals displayed as circles and crosses. A circle signal means that a price reversal is expected and you can partially close the position. A cross signal means that a trading signal in the opposite direction is expected soon and you can partially or completely close your position. Support and Resistance Levels Support/Resistance levels forecasting model. The forecasted levels are non-repainting. Once calculated for a specified period in the future (day, week, month, etc.), they don't change during this period. The feature allows the trader to plan trades and use the forecasted levels as entry levels and targets for opening and closing positions. Both intraday and higher timeframes are supported. The forecasting model analyses the distribution of the price time series to find clusters in the data. These clusters are then used to make the key price levels forecast. Big Money Activity detection The Big Money Activity tool identifies areas on the price chart associated with instructional traders' activity in the market. Institutional activity in a trending market can be a leading signal for upcoming reversal. Institutions could be fixing their profit, causing the price to move against the current trend. Institutional activity in a sideways market can be due to positions accumulation and signal a new trend formation. The algorithm uses tick volume, volume, and volatility data to forecast activity of institutional investors. The method develops the idea described in the Daigler & Wiley (2015) and Shalen (1993) works. It says that when institutional traders actively open or close their positions in the market, a divergence between volume and volatility time-series arises. It can be due to their use of position-splitting algorithms that reduce the impact of their positions on the market. Trading Range Forecast Trading Range Forecast feature predicts the price range of an asset for a selected period of time in the future, called Forecast Horizon. It can be the next day or 12-hour trading session. This function works if your chart timeframe is intraday (i.e. the timeframe below "D"). It shows the upper and lower bounds between which the price is going to stay in the upcoming Forecast Horizon period. Instant Backtesting After changing any settings, you can immediately see the performance of the strategy on the Instant Backtesting panel. Two metrics are displayed there - the percentage of profitable trades and the total return. This information, as well as the historical trades shown on the chart, will help you quickly and easily evaluate any settings you make. SETTINGS TRADING SIGNALS Trade Length - defines the length of the trades the algorithm tries to make. Recommended values are from 1.0 to 6.0. Sensitivity - controls the sensitivity of the trading signals algorithm. The sensitivity determines the density of trading signals and how close the trailing-stop levels follow the price. The higher the value of this parameter is, the less sensitive the algorithm is. High values of the Sensitivity parameters (100-500) can help to withstand large price swings to stay in longer price moves. Lower values (10-100) work well for short- and medium-term trades. TRADING TOOLS Big Money Activity - turns on and off the identification of the areas associated with institutional traders activity. SUPPORТ AND RESISTANCЕ LEVELS Show Support And Resistance Levels - turns on and off support and resistance levels calculation. TRADING RANGE FORECAST Show Trading Range Forecast - turns on/off trading range forecasting Forecast Horizon - sets the period for which the trading range forecast is made Forecasting Method - allows to choose a forecasting algorithm for the trading range forecast. BACKTESTING Use Starting Date - turns on/off the starting date for the strategy and backtests. When off, all available historical data is used. Starting Date - sets the starting date for the strategy and backtests. Show Instant Backtesting Dashboard - turns on/off a dashboard that shows the current strategy performance: the percentage of profitable trades and total return. Leverage - sets the leverage that the strategy uses.
Penunjuk Pine Script™
oleh AstrideUnicorn
11
Unicorn QuantDeeply customizable trading algorithm with instant backtesting. It emulates real trading and displays all the actions it takes on the chart. For example, it shows when to enter or partially close a position, move Stop-Loss to breakeven, etc. The user can replicate these actions in their trading terminal in real time. The algorithm uses up to three Take-Profit levels, and a Stop-Loss level that can move in a trade to protect the floating profit. The script can send real-time alerts to the user’s Email and to the cell phone via notifications in the TradingView app. The indicator is designed to be used on all timeframes, including lower ones for intraday trading and scalping. HOW TO USE Set the Stop-Loss and up to three Take-Profit levels. Choose the rules for moving the Stop-Loss level in a trade. Adjust the sensitivity of the trading signals. And check the backtest result in the Instant Backtesting dashboard. If the performance of the strategy satisfies you, proceed with the forward testing or live trading. When using this script, please, keep in mind that past results do not necessarily reflect future results and there are many factors that influence trading results. FEATURES Trading Signals The feature calculates Buy and Sell signals for trend or swing trading. The user can change the Sensitivity parameter to control the frequency of the signals. This allows them to be adjusted for different markets and timeframes. Position Manager To make the Position Manager setup as easy as possible, the algorithm calculates Stop-Loss and Take-Profit levels in Average True Range (ATR) units. They are self-adjusting for any market and timeframe, since they account for its average volatility . You don't have to worry about what market you are trading - Forex, Stocks, Crypto, etc. With the self-adjusting Stop-Loss and Take-Profit, you can find settings that work for one market and use the same numerical values as a starting point for a completely different market. Instant Backtesting After changing any settings, you can immediately see the performance of the strategy on the Instant Backtesting panel. Two metrics are displayed there - the percentage of profitable trades and the total return. This information, as well as the historical trades shown on the chart, will help you quickly and easily evaluate the settings. SETTINGS TRADING SIGNALS Sensitivity - controls the sensitivity of the trading signals algorithm. It determines the frequency of the trading signals. The higher the value of this parameter, the less trading signals you get and the longer trends the algorithm tries to catch. The lower the sensitivity value, the more signals you receive. This can be useful if you want to profit from small price movements. POSITION MANAGER SL - sets the Stop-Loss level measured in ATR units. TP1, TP2, TP3 - set the Take-Profit levels measured in the ATR units. Close % at TP1, Close % at TP2, Close % at TP3 - set portions of the open position (as a percentage of the initial order size) to close at each of the TP levels. At TP1 move SL to, At TP2 move SL to - set the rules for moving the Stop-Loss level in an open trade to protect the floating profit. Show Open Position Dashboard - turns on/off a dashboard that shows the current Stop-Loss and Take-Profit levels for the open position. BACKTESTING Use Starting Date - turns on/off the starting date for the strategy and backtests. When off, all available historical data is used. Starting Date - sets the starting date for the strategy and backtests. Show Instant Backtesting Dashboard - turns on/off a dashboard that shows the current strategy performance: the percentage of profitable trades and total return. Leverage - sets the leverage that the strategy uses.
Penunjuk Pine Script™
oleh AstrideUnicorn
Customizable Pivot Support/Resistance Zones [MyTradingCoder]This script uses the standard pivot-high/pivot-low built-in methods to identify pivot points on the chart as a base calculation for the zones. Rather than displaying basic lines, it displays a zone from the original pivot point to the closest part of the available body on the same candle. The script comes in handy by utilizing Pinescripts available input.source() function to allow for an external indicators output value to be used within the indicator. Make sure to read all of the TOOLTIPS in the indicator settings menu to get a full understanding of what each setting does, and how it can affect the results that end up on the chart. By enabling the custom filter in the indicator settings, you will notice you have the ability to filter out zones using an external indicator such as an RSI. Maybe you only want zones to be calculated/drawn when the RSI is overbought or oversold, or maybe you only want the zones to calculate/draw if the Supertrend is green or red. The list of possible filters that you can implement is too many to count. Feel free to play around with the indicator however you like, and configure something that you find to be the most useful for your trading. On top of everything listed above, the indicator has pre-programmed built-in alertconditions so that you can potentially automate trading, or get a notification to your cell phone when a zone is being touched/broken.
Penunjuk Pine Script™
oleh MyTradingCoder
17
Supply and Demand MultiTimeFrameWhat Is the Law of Supply and Demand? The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource . The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it. Generally, as price increases, people are willing to supply more and demand less and vice versa when the price falls. ( -Investopedia ) This Indicator Help's you to find possible Supply and Demand zones formed on chart on MultiTimeFrame. All the Supply Zones are colored RED and are above the current price. It will vanish once price crosses over it. All the Demand Zones are colored GREEN and are below the current price. It will vanish once price crosses under it. Only Untested Zone are plotted on chart. These zones can be plotted on Chart TimeFrame as well as MultiTimeFrame(Higher). That can be selected from Input Section. Concept Behind the Zones 1. Rally Base Rally 2. Drop Base Drop 3. Drop Base Rally 4. Rally Base Drop Drop base rally Rally base drop rally base rally drop base drop For Supply zones we try to find "Drop Base Drop" and "Rally Base Drop" , and plot RED zones on the width of base. Base can include any number of candle ranging from 1 to 6. This can be controlled from Input Section For Demand zones we try to find "Rally Base Rally" and "Drop Base Rally" , and plot GREEN zones on the width of base. Base can include any number of candle ranging from 1 to 6. This can be controlled from Input Section How to Trade We recommend to use 5-8 time Higher TimeFrame as Supply and Demand Zones. For Example if chart is at 5 min Timeframe then Zones should be plotted on 25 min to 40 min TImeframe. And when Price reaches closer to Supply/ Demand Zone then use some other indicator to confirm the reversal from that level, like trendline , moving average etc. Targets should be nearest Supply/ Demand Zone .
Penunjuk Pine Script™
oleh KapoorChandra
40
Session High Low This indicator shows Session High Low line and prices. 1: Session range is adjustable based on your timeframe. Nomore confusing timezone settings. You can choose your timezone then set your Session start and end time. Script will show you the following session high and low lines which is extendable until next session. 2: All historical lines and price levels are can be partially or fully hidden. And line colors are adjustable so you can use suitable color on your chart. Based on session you choose this script can be used as a session break strategy AKA (Asian session break, London session break strategy). You can create your own trading Session and high lows. Personally I monitor how price reacts on London session high lows during the NewYork trading session. In this chart Session starts at 8am (London open) and closes at 12:30 (NewYork open). Script is showing high lows only in this session range. Always double confirm with your trading style. It's not a Financial advice. Inputs: 1: Hide history - Hides all historical lines and prices that means you can see only todays session. 2: Show price - Shows price level of session high lows. You can hide price level if you want to see only lines. 3: Session time - You can set your time range of session. 4: Start time - Session start time. You can see vertical line on your chart or you can hide line. 5: End time - Session end time. You can see vertical line on your chart or you can hide line. 6: Line extend time - End of the high low lines. You can draw line until the end of the session or you can draw short line. 7: All line and price colors are optional. Thank you.
Penunjuk Pine Script™
oleh Munkhtur
6