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SuperTrend Trapping Candle StrategyHello traders! How this indicator works? The main functionality of this indicator is to find entry based upon SuperTrend indicator. This indicator helps us to find trapping candle to enter into the market. What is a trapping candle? A trapping candle is a candle that shows strength in opposite direction to SuperTrend. This helps us to enter in a trade before the move start in the current trend's direction. There are two types of trapping candles signals I have added currently: 1. Volume is high than previous candle in the opposite direction. 2. 3 candles of opposite direction with decreasing volume . How to enter in a trade in uptrend market? SuperTrend shows a green signal A green triangle formed below red candle Enter into the trade when price is above red candle high SL could be place below red candle or swing low if it is near How to enter in a trade in downtrend market? SuperTrend shows a red signal A red triangle formed above green candle Enter into the trade when price is below green candle low SL could be place above green candle high or swing high if it is near How to avoid to enter in a trade in sideways market? You can follow price action strategies Or you can follow some indicator to find sideways market Indicator settings and how to change? ATR Length - For SuperTrend, this is default value. Factor - For SuperTrend, changed to 2 to provide fast signals. Candle Height - For trapping candle price, default set to 0.003% of the current price.
Strategi Pine Script®
oleh thehemantkaushik
2
Triple Supertrend with EMA and ADX strategyPublishing a strategy that includes adx and ema filter as well Entry: all three Supertrend turns positive. If a filter of ADX and EMA is applied, also check if ADX is above the selected level and close is above EMA Exit: when the first supertrend turns negative opposite for short entries A FIlter is given to take or avoid re-enter on the same side. For example, After a long exit, if the entry condition is satisfied again for long before the short single is triggered it takes re-entry if selected.
Strategi Pine Script®
oleh kunjandetroja
4
Unicorn Quant Strategy [Astride Unicorn]Deeply customizable trading algorithm with instant back-testing. Its position management and trading signals engines emulate every step of the trading process and display all the actions on the chart. For example, the algorithm shows when to enter or partially close a position, move stop-loss to breakeven, etc. The trader can use these signals in their decision-making and replicate these actions in their trading terminal. The script can also send real-time alerts to the user’s Email. The trading signals feature calculates entry signals for momentum and trend trading. The calculation is based on trend filtering using our custom filter based on rolling historical volatility. The historical volatility is used to distinguish the market regime and determine the current trend direction. In its calculations, the algorithm uses linear regressions instead of averaging. As our practice shows, it helps to reduce signal lag while keeping the number of false signals low. HOW TO USE Set stop-loss and up to three take-profit levels, choose rules for moving the stop-loss level, adjust sensitivity of the entry signals and see the back-test result immediately. 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 that many factors influence trading results. SETTINGS Use Starting Date - when the flag is turned off, the algorithm uses all available pricing data to calculate back-tests; when turned on, back-tests start from a starting date the user can select in the setting below. Starting Date - sets a starting date for back-testing. Trading Signals Trade Length - defines the length of the trades the algorithm tries to calculate entry signals for. 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. Signals Type - In the Signals Type dropdown list, there are two options: Market Timing and Market Bias. Market timing is a type of trading signaling when the algorithm tries to find a perfect moment to enter and exit a trade. Market Bias is the type of trading signaling when the algorithm tries to be in a position all the time. When a trade is closed, the algorithm determines a direction to which the market is currently “biased” and immediately opens a trade in this direction. Position Management SL - sets stop-loss level measured as a percentage of the trade entry price TP1, TP2, TP3 - sets take-profit levels measured as a percentage of the trade entry price Close % at TP1, Close % at TP2, Close % at TP3 - Sets 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 - Sets the rules for moving stop-loss level in an open trade to protect the floating profit Dashboards Active Position Information - turns on/off a dashboard that shows the current SL and TP levels for the active position. Recommended SL,TP Settings - turns on/off a dashboard that shows recommended settings for the SL and TP levels.
Strategi Pine Script®
oleh AstrideUnicorn
7
Market structure intraday ES futures strategy - BuySell ZonesThis market structure strategy for ES Mini Futures optimized for intraday market analysis ( RTH ). Entry condition identified by bearish and bullish market structure. Support level (Green Lines) is identified based on different variations of price fluctuations followed by the close above the range. Resistance level (Red Lines) is identified based on different variations of price fluctuations followed by the close below the range. The idea is to spot areas where market players were fighting for the best price and one side finally won. Bullish trend is identified by consecutive series of support levels developing in upside direction. Bearish trend is identified by consecutive series of resistance levels developing in downside direction. When market develops bullish trend , strategy sets LONG limit order at fresh support level . When market develops bearish trend , strategy sets SHORT limit order at fresh resistance level . If there is an open position no new entries are performed. For longs initial stop is set at previous support level adjusted by ATR. For shorts stop is set at previous resistance level adjusted by ATR. Stop trailing is also based on market structure. If new support level is identified, stop moves to previous support level . If new resistance level is identified, stop moves to previous resistance level . There are no target. Strategy either gets stopped at current stop level or exits at session end. Strategy calculates position size based on the previous market structure and ATR. Strategy performs compounding position sizing so as account amount increases so does amount of traded contracts. Usage: Add script to your favorites and apply it on ES1! 1 minute time frame setting regular trading hours. Script will print the limit order as well as stop levels according to the rules described above. As trade will progress, script will print levels to move the stop to. Settings: I added an option to disable the support and resistance lines printing if you prefer to have clean charts. You can also change risk % to best fit your trading style. If you just want to use the support and resistance levels as indicator you can also disable the strategy execution. Support and Resistance indicator itself is universal and can be used on any market or timeframe. If you want the strategy to be optimized for other markets or timeframes or have other rule set in mind feel free PM me, we will create the solution that best fits your needs and styles. Real life trading is not get rich scheme. It is continuous process that involves various steps and dedication. If you are willing to take this path please PM me to enable the strategy for you. Enjoy!
Strategi Pine Script®
oleh cyberninjadroid
50
Same high/low + DCA (only long)This is an update of the previous "same high/low" strategy. This strategy can be helpful for those who look for entrance price points after level retest based on the dollar cost averaging approach. The retest of the level is defined by two candles with the same low. 4 entrance points were calculated based on volatility (not based on ATR though) and the weights were averaged in the middle of the volatility level. As previously, stop loss is just one tick away from a level of support and take profit based on the ATR multiplier.
Strategi Pine Script®
oleh Cherepanov_V
2
Donchian Channel Strategy IdeaThis strategy idea is a variation of the "Donchian Channel" trading strategy. It is built with a highest-high band, a lowest-low band, and a baseline which is average the highest-high and the lowest-low bands. This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in the QuantCT app. You can set the operation mode to be Long/Short or long-only. You also can set a fixed stop-loss or ignore it so that the strategy acts solely based on entry and exit signals. Trade Idea When the close price breaks up the previous highest-high, it is a long signal, the market is considered rising (bullish), and the plotted indicator becomes green. Long positions are held until the close price crosses under the baseline. When the close price breaks down the previous lowest-low, it is a short signal, the market is considered falling (bearish), and the plotted indicator becomes red. Short positions are held until the close price crosses above the baseline. Otherwise, if we have no position in the market, the market is considered ranging, and the plotted indicator becomes orange. Entry/Exit rules Enter LONG if the close price breaks up the previous highest-high (i.e. when the plotted indicator becomes green). Exit LONG if the close price crosses under the baseline (i.e. when the plotted indicator becomes orange). Enter SHORT if the close price breaks down the previous lowest-low (i.e. when the plotted indicator becomes red). Exit SHORT if the close price crosses above the baseline (i.e. when the plotted indicator becomes orange). CAUTION It's just a bare trading idea - a profitable one. However, you can enhance this idea and turn it into a full trading strategy with enhanced risk/money management and optimizing it, and you ABSOLUTELY should do this! DON'T insist on using Long/Short mode on all instruments! This strategy performs much better in Long-Only mode on many (NOT All) trending instruments (Like BTC, ETH, etc.).
Strategi Pine Script®
oleh QuantCT
3
Jigga - Survival LevelHi All !! Its always the case that we buy a stock and it starts falling !! What a new investor will do is to add few more on downfall and then few more until they stuck all their case to same falling stock. I thought to create a level which can help long term investor on when to buy and sell. Logic: I have used multiple indicators logic all into one and find out when majority of them are showing positive sign. Green /Red line will be shown when majority are in positive / negative territory. Buy and sell signal will be generated based on this line only. Note: Use this on Weekly chart on good fundamental stock for long term investment.
Strategi Pine Script®
oleh jigneshjc
3
[Herif's] Harmonic PatternsFollowing things are displayed by default on the chart with harmonic patterns strategy. It can be use with automate trading platforms 3commas, zignally, frostybot, alertatron, wunderbit etc... Bullish and bearish 5-point patterns are based on various Fibonacci retracement levels and signify potential reversal zones (PRZ). As they become 80% complete, the dashed-line pattern will appear, displaying the PRZ and giving you time to prepare for a reversal. Different combinations of specific fib retracements and extensions result in different patterns, and each is named for identification. Bullish patterns signify a potential turn to the upside are colored green. Bearish patterns signify a potential turn to the downside are colored red. 1- Live harmonic patterns which are still in trade with XABCD and ratio with labels. 2- Position Entry, Stop and Target levels on chart for all patterns. 3- Trades Stat table - Waves stat tables in Settings: Error Percent - This is error tollerance for matching pattern ratios. Cannot expect price ratios to be exactly as per books. Hence, adding few error tolerance will help identify patterns better. When there are multiple patterns on chart, Entry, Stop, and Target labels and lines are created with specific distance from each other to provide clarity to the users. Trailing and Targets 1-Trailing Start Stage - Defines when to start trailing stop-loss. It is recommended to set this value to either Target 1 or Target 2. Disabling the trailing or setting too far away may lead to being in trade on ranging market for too long. This may also result in drawing errors related to distance from current bar. 2- Custom Target Levels - Target and stop levels are set to optimal values based on individual patterns. If you want to override these levels, use the available input option to override targets and chose your custom Target1, Target2, Target3 and Target4 All Patterns you can enable or disable Classic Patterns : Gartley, Bat, Butterfly, Crab, Deep Crab, Cypher, Shark, Nenstar Anti Patterns: Anti Nenstar, Anti Shark, Anti Cypher, Anti Crab, Anti Butterfly, Anti Bat, Anti Gartley, Navarro 200 I will plan some updates and i will post some screen shots for settings as soon as possible.
Strategi Pine Script®
oleh Herif
1
Double SupertrendThis strategy is based on a custom indicator that was created based on the Supertrend indicator. At its core, there are always 2 super trend indicators with different factors to reduce market noise (false signals). The strategy/indicator has some parameters to improve the signals and filters. TECHNICAL ANALYSIS ☑ Show Indicators This option will enable/disable the Supertrend indicators on the chart. ☑ Length The length will be used on the Supertrend Indicator to calculate its values. ☑ Dev Fast The fast deviation or factor from one of the super trend indicators. This will be the leading indicator for entry signals, as well as for the exit signals. ☑ Dev Slow The slow deviation or factor from one of the super trend indicators. This will be the confirmation indicator for entry and exit signals. ☑ Exit Type It's possible to select from 4 options for the exit signals. Exit signals always take profit target. ☑ ⥹ Reversals This option will make the strategy/indicator calculate the exit signals based on the difference between the given period's highest and lowest candle value (see Period on this list). It's displayed on the chart with the cross. As it's possible to verify in the image below, there are multiple exit spots for every entry. ☑ ⥹ ATR Using ATR as a base indicator for exit signals will make the strategy/indicator place limit/stop orders. Candle High + ATR for longs, Candle Low - ATR for shorts. The strategy will show the ATR level for take profit and stick with it until the next signal. This way, the take profit value remains based on the candle of the entry signal. ☑ ⥹ Fast Supertrend With this option selected, the exit signals will be based on the Fast Supertsignal value, mirrored to make a profit. ☑ ⥹ Slow Supertrend With this option selected, the exit signals will be based on the Slow Supertsignal value, which is mirrored to take profit. ☑ Period This will represent the number of candles used on the exit signals when Reversals is selected as Exit Type. It's also used to calculate the gradient used on the Fills and Supertrend signals. ☑ Multiplier It's used on the take profit when the ATR option is selected on the Exit Type. STRATEGY ☑ Use The Strategy This will enable/disable the strategy to show the trades calculations. ☑ Show Use Long/Short Entries Option to make the strategy show/use Long or Short signals. Available only if Use The Strategy is enabled ☑ Show Use Exit Long/Short Option to make the strategy show/use Exit Long or Short signals (valid when Reversals option is selected on the Exit Type). Available only if Use The Strategy is enabled ☑ Show Use Add Long/Short Option to make the strategy show/use Add Long or Short signals. With this option enabled, the strategy will place multiple trades in the same direction, almost the same concept as a pyramiding parameter. It's based on the Fast Supersignal when the candle fails to cross and reverses. Available only if Use The Strategy is enabled ☑ Trades Date Start/End The date range that the strategy will check the market data and make the trades HOW TO USE It's very straightforward. A long signal will appear as a green arrow with a text Long below it. A short signal will appear as a red arrow with a text Short above it. It's ideal to wait for the candle to finish to validate the signal. The exit signals are optional but give a good idea of the configuration used when backtesting. Each market and timeframe will have its own configuration for the best results. On average, sticking to ATR as an exit signal will have less risk than the other options. ☑ Entry Signals Follow the arrows with Long/Short texts on them. Wait for the signal candle to close to validate the entry. ☑ Exit Signals Use them to close your position or to trail stop your orders and maximize profits. Select the exit type suitable for each timeframe and market ☑ Add Entries It's possible to increase the position following the add margin/contracts based on the Add signals. Not mandatory, but may work as reentries or late entries using the same signal. ☑ What about Stop Loss? The stop-loss levels were not included as a separated signal because it's already in the chart. There are some possible ideas for the stop loss: ☑⥹ Candle High/Low (2nd recommend option) When it's a Long signal from the entry signal candle, the stop loss can be the Low value of the same candle. Very tight stop loss in some cases, depending on the candle range ☑⥹ Local Top/Bottom Selecting the local top/bottom as stop loss will give the strategy more room for false breakouts or reversals, keeping the trade open and minimizing noises. Increases the risk ☑⥹ Fast Supertrend (1st recommend option) The fast supertrend can be used as stop-loss as well. making it a moving level and working close to trail stop management ☑⥹ Fixed Percentage It's possible to use a fixed risk percentage for the trades, making the risk easier to control and project. Since the market volatility is not fixed, this may affect the accuracy of the trades ☑⥹ Based on the ATR (3rd recommend option) When the exit type option ATR is selected, it will display the take profit level for that entry. Just mirror that value and put it as stop-loss, or multiply that amount by 1.5 to have more room for market noise. EXAMPLE CONFIGURATIONS Here are some configuration ideas for some markets (all of them are from crypto, especially futures markets) BTCUSDT 15min - Default configuration BTCUSDT 1h - Length 10 | Dev Fast 3 | Dev Slow 4 | Exit Type ATR | Period 50 | Multiplier 1 BTCUSDT 4h - Length 10 | Dev Fast 2 | Dev Slow 4 | Exit Type ATR | Period 50 | Multiplier 1 ETHUSDT 15min - Length 20 | Dev Fast 1 | Dev Slow 3 | Exit Type Fast Supertrend | Period 50 | Multiplier 1 IOTAUSDT 15min - Length 10 | Dev Fast 1 | Dev Slow 2 | Exit Type Slow Supertrend | Period 50 | Multiplier 1 OMGUSDT 15min - Length 10 | Dev Fast 1 | Dev Slow 4 | Exit Type Slow Supertrend | Period 50 | Multiplier 1 VETUSDT 15min - Length 10 | Dev Fast 3 | Dev Slow 4 | Exit Type Slow Supertrend | Period 50 | Multiplier 1 HOW TO FIND OTHER CONFIGURATIONS Here are some steps to find suitable configurations select a market and time frame enable the Use This Strategy option on the strategy open the strategy tester panel and select the performance summary open the strategy configuration and go to properties change the balance to the same price of the symbol (example: BTCUSDT 60.000, use 60.000 as balance) go back to the inputs tab and keep changing the parameters until you see the net profit be positive and bigger than the absolute value of the drawdown in case you can't find a suitable configuration, try other timeframes Since the tester reflects what happened in the past candles, it's not guaranteed to give the same results. However, this indicator/Strategy can be used with other indicators as a leading signal or confirmation signal.
Strategi Pine Script®
oleh ThiagoSchmitz
6
Alpha Candle Breakout Signal on Momentum from Support Resistance Hello traders, Let’s start with a brief description of what this strategy/indicator is and what it does and how we trade based on Alpha Candles. The definition of an Alpha Candle is that it is mathematically calculated, and significantly bigger than the previous candles. This could be a green candle or a red candle, as long as the body is significantly bigger than the previous candles at the end of the calculation. All calculations are done in real time, we do NOT paint the candle sticks after the close of the candle and do not use offset values. This is extremely important. You will see the candle changing it's color as the body of the candle gets bigger with real time data feed. (Recalculate On Every Tick is ON by default). Now besides the mathematical calculations, an Alpha Candle also represents the emotion in the market for that stock in that moment. We can also say that an Alpha Candle is a change in the momentum. Now that we’ve identified the Alpha candle, the second step is, to have a look at the chart and identify if the Alpha candle is breaking to a new high / low from a consolidation period, or from a good chart pattern (ascending / descending triangle , pennant , sideways consolidation) or a sudden direction change of the stock (bounce). Remember, the script will paint all Alpha candles regardless. NVAX day trading example Forex Crypto PLUG (Bounce example) The script will identify the Alpha candles that are breaking to a new high / low from a user input look back period (default is 20 bars back, but this can be changed by the user input). An Alpha candle that breaks the look back period, will have a stop loss line below for Green Alpha or above for Red Alpha Candle and reward targets, like target1 or target2 (both are user input fields, can be adjusted to personal R values, default values are 2R and 3R) A 2R means two times the reward (profit) of a 1-unit risk. If you are comfortable of loosing $50 per trade which will be considered 1-unit, then 2R means $100 reward (profit) target and a 3R is $150 reward (profit) target. Those R values will be plotted and/or labelled on the chart with dollar amounts if desired. You can change your R values from the user input area, even with decimal points, like 2.5R or 3.75R. If you shoot for at least 2R, you could be wrong 6 times out of 10, and still make 2R profit, as long as the other 4 trades give you a total of 8R. This is a basic trading concept. It will force the new traders to focus on risk/reward rather then a gambling attitude. The script is meant to work with candle stick chart patterns only, it is NOT meant to work with ranges, line charts or point and figure charts. It will work with time frames like (seconds,1,2,3,5,10 minute or any minutes, daily, weekly). If you are trading IPOs , there might not be enough data for the script to do the calculation, so just be aware. The script will identify the candles if they are Green Alpha (going up, bullish ) or Red Alpha (going down, bearish ). In order to see them clearly, we’ve greyed out the rest of the candles, and made Green Alpha candles white, and Red Alphas are left as red. You can change the colors from the user input area. There is also a look back period, between 1-55 and the initial value is 20 for Green Alpha and 10 for Red Alpha. So, if the Alpha Candle breaks this look back period, it will be considered as an opportunity to take the trade. The code will put the stop loss area, possible target1 and target2 areas with a blue diamond and will draw the resistance/support lines for that Alpha candle. Depending on the individual’s risk tolerance, a label on the right side of the screen will show the risk tolerance (user input value) and the number of shares to be traded based on the risk tolerance (# of shares will be for the last Alpha Candle that is formed, it will constantly update itself with the new Alpha Candle) For those who might be familiar with the three-bar play, we implemented something similar, so the code will find them in real time. Once an Alpha Candle is formed, if the following candle is a very small candle, also called pin bar , it will be painted to orange, so you can see it clearly. This pin bar is significantly smaller than the previous candles and formed right after an Alpha Candle. Like anything in life, nothing is free. Meaning you have to work for it. So if you are looking to buy/sell blindly based on some indicators and signals, please do not consider this script. However, once you start using it, you will see how patterns repeat, when they repeat and how they repeat. It will identify the action, but you have to check the validity from the charts, so user discretionary is advised. As an example, if the Alpha candle is breaking from a consolidation period at $10. Let’s assume stop loss is at $9 so the 2R target will be $12, but if there is a possible resistance at $11, then the trader has to decide to take the trade for a possible 1R return, or skip the trade. We try to approach the trading as a set of rules and processing the trades one by one, with a calculated risk and reward. This script will give you the Candle stick formation that is worth consideration and will draw the Stop Loss area (you can tweak this to your liking), will draw the 2-3R Targets, and will calculate the number of shares to be purchased based on the Risk Tolerance user entered in the user input area. The rest is to let the trade take care of it self. Charts and patterns work better, when there is enough volume in a particular stock. If the stock is trading very low in volume , things will not work as expected. So, we must focus on the abnormal stocks, like gap gainers, volume gainer stocks, or heavily traded stocks (for intraday trading). For swing or long-term traders, one could look for a Green Alpha candle, assess the risk and possible return and trade the plan on a daily chart pattern (long term), or 15,30,60 min charts for swing trades. If you are looking to short a stock, look for stocks that are weak (gap downs), so look for Red Alpha formations in that stock. Once the back testing is turned on, code will generate buy/sell signals, otherwise it will work as an indicator. But please keep in mind….. For day trading, the stock has to be abnormally trading, so the chart patterns and the Alpha Candles work correctly. Volume has to be more than usual. It is the best way to have predictable results for day trading. If the volume of the stock is 2-5 times or more than the average of 20 days period (early in the morning), and even more later in the day, it is a good indication that the stock is trading on an abnormal volume with some news (pre-market abnormality is a good sign for possible abnormality for that stock). For back testing, user can select from the user input area : • Long or Short Trades or both or use the script as an indicator • Close any open position if an Alpha candle forms in the opposite direction • Pyramid the trades up to 4 levels (allow to buy/sell 4 times in the same direction every time another Alpha Candle forms) • Breakout/breakdown look back period (every time an Alpha Candle forms and breaks this look back period, it will be a trade opportunity) • Target Reward areas • Stop Loss area • Time frame (change the time frame and observe which time frame made good profit. Test the plan for future trades. Test it in as many abnormal stocks for the day they were behaving abnormal as possible). Time frame is not a user input field, just the time frame of the chart, 2,5,10 min, 1 hour etc. • Selective date testing (between two dates/times). This is very important as most of the good opportunities comes from abnormal price action with volume . If you back test with the maximum amount of data for that abnormal stock on that day, it will produce unrealistic results, because the stock will have a normal course of trend before the news. Remember, we are looking for stocks that are trading abnormal in both price and volume or stocks like AAPL , TSLA which are trading heavily on each day. It is also a good way to learn, how and when to buy/sell, where to put stop losses by observing the chart with the Alpha Candles showing the results. • All the above values will have an impact on the total profit / loss. F (Ford Motors) Now that we’ve covered what the script does, let’s plan the trade and trade the plan. Side Note: ------------- We started coding this as an indicator to show the Alpha Candles to find opportunities in the market. Later in the development, we implemented it as a Strategy, to be able to back test the ideas, to tweak some rules for entry/exit and see the effects on our profit/loss percentages in general. We kept the original idea being an Indicator, to show us the Alpha Candles in real time. This requires the option “Indicator Mode” is to be selected from the User Input area, and leaving the “Recalculate On Every Tick” is selected from the Properties tab of the strategy (as of Pine Script v5). Strategy is turning this “On” by default. Disclaimer: This script is an educational and personal use only tool and should be used accordingly. User can not publish any images created with this code. Do your own due diligence, do not buy / sell stocks based on any indicator, always use stop losses. We do not make any promises as this indicator or any indicator will make you a profitable trader. Trading and technical analysis is difficult, it takes time to build confidence and experience. Study the charts and candlestick formations. Study support/resistance areas and how to identify them. This will help you to tweak the script’s stop loss areas and 2R-3R targets. Do not invest any money you are not comfortable loosing. This is an invite only strategy. We will give ample time to test it out. After that you will need to subscribe. To get access to this strategy trader can send me an email from the links below. All the Best Happy Trading
Strategi Pine Script®
oleh findalphas
22
hamster-bot ZZCompilation of various modifications of the trend breakout reversal strategies based on the ZigZag . Includes past versions of scripts: version 1 ZZ2 Breakout reversal strategy version 2 ZZ2 with experimental options hamster-bot ZZ Breakout reversal strategy version 3 ZZ6 Noro's ZZ-6 by hamster-bot The original script is available here The original script is available here Description ZZ6 : New version of ZZ-strategy. Repaint? Normal lines are not redrawn. Dotted lines repaint, but do not affect trading (do not affect backtests). You can turn off repaint in the script settings. Repaint (dotted lines) are needed only for clarity. To make it clear from which bar the level is created. Levels Lime lines above - level from a local high bar. To open a long position. Using a market stop order. Red line at the bottom - the level from a local low bar. To open a short position. Using a market stop order. Trading You can trade without short positions. Then the red line is the level for a stop-loss order. Reverse trading can be used. Without stop-loss orders. Risk size Order size depends on the risk size parameter and possible loss. If risk size = 2%, it means that the loss will be no more than 2%. For crypto Symbols: XBT/USD, BTC /USD, BTC /USDT, ETH/USD, etc - need USD(T) Timeframes: 1h, 4h, 1d This new ZZ strategy includes all the best practices for this strategy. the script has great flexibility of settings. Instructions for script parameters: Parameter ZZ Type - is responsible for the basic type of strategy used (usually it is responsible for building levels) then you will need to configure the settings block corresponding to the selected ZZ type . At the moment the script contains types: ZZ2 + ZZ6 The rest of the parameters are common for any type of ZZ. Further development will be done in this script. The above scripts will not be updated. At the moment the options are already available: - Take Profit - Stop Loss - One entry Long/Short - Single entry - Levels offset - Levels multiplier - Levels angle
Strategi Pine Script®
oleh hamster-bot
5
Quickfingers Luc's Base Breaking Strategy v2.5 - 3Commas EditionIntroduction The strategy attempts to implement a popular price action strategy by Luc Thomas (a.k.a. Quickfingers Luc) typically referred to as a QFL base-breaking strategy specifically for the 3Commas platform. The Input settings have been redesigned to match the same inputs as the 3Commas My Bot Settings page. Only the "Deal Start Condition" section will echo the required QFL-related settings found in the original Quickfingers Luc's Base Breaking Strategy v2.5 to successfully implement the strategy. The strategy revolves around price action movements that reveal “bases”, which are price levels of support that have a significant, rapid price surges called “bounces”. Once a base is revealed, the base price level is used as reference to implement multiple entries below the base using a layering technique of dollar-cost averaging to place multiple limit orders at various price levels below the base price. As price action breaks below the base price, the limit orders will be filled, and the take profit, breakeven and stop loss prices will be recalculated. How is it original and useful? This strategy is unique in that the strategy version fully supports the TradingView backtester, which will enable you to perform experiments with various settings to evaluate performance using the historical chart data. The study version implements the "Start Deal" and "Close Deal" alerts for you to integrate with 3Comma's "Trading View Custom Signal" start condition. Both script versions will provide the same configuration abilities. The following list is a brief description of its usefulness: The ability to define the QFL base confirmation settings, including volume analysis. The ability to define your preferred layering strategy of either dollar-cost averaging (DCA) or grid-like layers along with precise layer placement. The ability to define your trading parameters like take profit and stop loss offsets, exchange commission rates, trading start time, and position size multiplication for each layer. The ability to define flexible trade eligibility rules that can use other chart indicators, like RSI or EMA, to exclude the selection of base prices for trading. The ability to set the visibility & color theme of the detailed statistics from the chart history pertaining to trading sessions started and closed, session durations, win rate, price action drops and bounces, as well as layer utilization. How does it compare to other scripts in the Public Library? The strategy offers a very detailed, comprehensive settings to implement the QFL base-breaking strategy ion 3Commas. The strategy version leverages the full features of the TradingView backtester to provide informative, detailed performance measurements surrounding this unique trading strategy. The study version will implement the latest alert framework called "Any Alert() Function" where you can create a single alert to handle multiple events, which include: Deal Start Deal Close What does it do and how does it do it? The strategy can be applied to any chart at any time frame, but the minimum should be no lower than 10 minutes. When applied to the chart for the first time, the default settings will work to render base price levels in orange and 8 DCA layers in thin blue lines. As you scroll through the chart's history you should see price action crossing the DCA layers, denoted with blue triangles, and a green take-profit line will render with green triangle denoting the crossing. Lastly, when a deal session begins upon the crossing of the first layer, the indicator will continue to identify base price levels, but the color of the price lines will be gray. When the trade session concludes upon the crossing of the take profit line, the indicator will switch the most recent base price line from gray to orange to make it active and eligible for trading. As price action develops, the indicator will use the "Base Confirmation Settings" to look back by counting the number of bars to the left and right of a pivot low point, measure the price drops and bounces, and volume amounts to validate that they are within the specified values. If so, the indicator will draw an orange triangle beneath the candle bar to denote it as the pivot low point and begin rendering the orange line as the base price. The DCA layers will be calculated and offset relative to the base price using thin blue lines. Optionally, the breakeven price line will be drawn to help visualize the true breakeven price which takes into consideration the exchange fees being applied. Base line, take profit, stop loss and DCA layer crossings will be denoted with colorful shapes to help visually recognize the events on the chart. The volume is validated only at the pivot low candle. It will measure the volume against the moving average to determine base confirmation. A volume factor of 1 will mean that the volume must be at least the same value as the moving average value. A volume factor of 2 means it must be twice the moving average value. Lastly, a table of statistics is positioned to the upper-right corner of the chart that summarize all the events that have taken place since the indicator began simulating deal sessions from the chart's history. Strategy Results The default settings are designed to define a "weak" QFL base to ensure that the indicator will render chart elements when first loaded as well as to allow the backtester to gather order executions and display performance summary. The strategy version is using $10,000 initial capital, a commission rate of 0.1% for both entries and exits, and a 1 tick slippage setting. It is also using 3.4881% of the equity for the Base Order Size, 4.7097% of equity for the first Safety Order Size. The Maximum Safety Trade Count is 7 with a Safety Order Volume Scale of 1.35, and a take profit of 5% with no stop loss. All other settings are defaults. It is recommended that the indicator be "tuned" for your specific market in order to best implement the QFL trading strategy and obtain better desirable results. You do so by using the statistics table and observe the Mean Price Drop and Bounce values to learn what the indicator is detecting when it measures from the pivot low points. Using this information, you can adjust the Base Confirmation Settings accordingly, along with any volume specifications you require, to configure the indicator for the chart. Always keep in mind that past performance may not be indicative of future results. Settings that seem favorable for one market may be found to be disastrous in another. Therefore, do take the time needed to understand how the settings will behave with the given chart symbol. Enjoy! 😊👍 How to obtain access to the script? You have two choices: Use the "Website" link below to obtain access to this indicator, or Send us a private message (PM) in TradingView itself.
Strategi Pine Script®
oleh prosum_solutions
113
Quickfingers Luc's Base Breaking Strategy v2.5Introduction The strategy attempts to implement a popular price action strategy by Luc Thomas (a.k.a. Quickfingers Luc) typically referred to as a QFL base-breaking strategy. The strategy revolves around price action movements that reveal “bases”, which are price levels of support that have a significant, rapid price surges called “bounces”. Once a base is revealed, the base price level is used as reference to implement multiple entries below the base using a layering technique of dollar-cost averaging to place multiple limit orders at various price levels below the base price. As price action breaks below the base price, the limit orders will be filled, and the take profit, breakeven and stop loss prices will be recalculated. How is it original and useful? This strategy is unique in that the strategy version fully supports the TradingView backtester, which will enable you to perform experiments with various settings to evaluate performance using the historical chart data. The study version implements numerous custom alerts for you to build TradingView notifications around specific price action events and stay informed with market activity in real-time. Both script versions will provide the same configuration abilities where you can define: Base confirmation settings, including volume analysis. Your preferred layering strategy of either Dollar-cost averaging (DCA) or grid-like layers along with precise layer placement. Your trading parameters like take profit and stop loss offsets, exchange commission rates, trading start time, and position size multiplication for each layer. Flexible trade eligibility rules that can use other chart indicators, like RSI or EMA, to exclude the selection of base prices for trading. The visibility of detailed statistics from the chart history pertaining to trading sessions started and closed, session durations, win rate, price action drops and bounces, as well as layer utilization. How does it compare to other scripts in the Public Library? The strategy offers a very detailed, comprehensive settings to address all types of markets found on TradingView where you can implement the QFL base-breaking strategy. The strategy version can be considered the first of its kind on TradingView to leverage the backtester to provide informative, detailed performance measurements surrounding this unique trading strategy. The study version will contain numerous custom alerts to aid in your notification preferences and stay informed on the indicator's activities: Base Created Base Cracked Base Respected Any Layer Cracked Layer 1 Cracked Layer 2 Cracked Layer 3 Cracked Layer 4 Cracked Layer 5 Cracked Layer 6 Cracked Layer 7 Cracked Layer 8 Cracked Layer 9 Cracked Layer 1 Respected Layer 2 Respected Layer 3 Respected Layer 4 Respected Layer 5 Respected Layer 6 Respected Layer 7 Respected Layer 8 Respected Take Profit Crossed Stop Loss Crossed What does it do and how does it do it? It is recommended that you start with a chart that is on an hourly timeframe with the "Scale Price Chart Only" chart setting enabled. When applied to the chart for the first time, the default settings will work to render base price levels in orange and 8 DCA layers in blue using a Fibonacci-like sequence for the deviation offset relative to the base price. As you scroll through the chart's history you should see price action crossing the DCA layers, denoted with blue triangles, and a green take-profit line will render with green triangle denoting the crossing. Lastly, when a trade session begins upon the crossing of the first layer, the indicator will continue to identify base price levels, but the color of the price lines will be gray. When the trade session concludes upon the crossing of the take profit line, the indicator will switch the most recent base price line from gray to orange to make it active and eligible for trading. As price action develops, the indicator will use the "Base Confirmation Settings" to look back by counting the number of bars to the left and right of a pivot low point, measure the price drops and bounces, and volume amounts to validate that they are within the specified values. If so, the indicator will draw an orange triangle beneath the candle bar to denote it as the pivot low point and begin rendering the orange line as the base price. The DCA layers will be calculated and offset relative to the base price using thin blue lines. Optionally, the breakeven price line will be drawn to help visualize the true breakeven price which takes into consideration the exchange fees being applied. Base line, take profit, stop loss and DCA layer crossings will be denoted with colorful shapes to help visually recognize the events on the chart. The volume is validated only at the pivot low candle. It will measure the volume against the moving average to determine base confirmation. A volume factor of 1 will mean that the volume must be at least the same value as the moving average value. A volume factor of 2 means it must be twice the moving average value. Lastly, the very last bar will render a table of statistics that summarize all the events that have taken place since the indicator began simulating trading sessions from the chart's history. Strategy Results The default settings are designed to define a "weak" QFL base to ensure that the indicator will render chart elements when first loaded as well as to allow the backtester to gather order executions and display performance summary. The strategy version is using $10,000 initial capital, a commission rate of 0.1% for both entries and exits, and a 1 tick slippage setting. It is also using 3.4887% of the equity with a Position Size Multiplier of 1.35, using 8 total DCA layers, and a take profit of 5% with no stop loss. All other settings are defaults. It is recommended that the indicator be "tuned" for your specific market in order to best implement the QFL trading strategy and obtain better desirable results. You do so by using the statistics table and observe the Mean Price Drop and Bounce values to learn what the indicator is detecting when it measures from the pivot low points. Using this information, you can adjust the Base Confirmation Settings accordingly, along with any volume specifications you require, to configure the indicator for the chart. Always keep in mind that past performance may not be indicative of future results. Settings that seem favorable for one market may be found to be disastrous in another. Therefore, do take the time needed to understand how the settings will behave with the given chart symbol. Enjoy! 😊👍 How to obtain access to the script? You have two choices: Use the "Website" link below to obtain access to this indicator, or Send us a private message (PM) in TradingView itself.
Strategi Pine Script®
oleh prosum_solutions
24
Breakout Trend Follower V2This is a variation on my other Breakout Trend Follower script. In the other script, you can use a moving average to act as a filter for your trades (i.e. if the price is below the moving average, it won't go long). After making the tool that detects trends on higher timeframes, I wanted to see if that might be a better filter than a moving average. So this script lets you look at higher time frame trends (i.e. are there higher highs and higher lows? If so, this is an uptrend). You only take trades when you are with the trend. You have the ability to select up to two trends to act as a filter. Each trend direction is shown on a table on the chart for easy reference. The current pivot highs and lows are plotted on the chart so you can see when you might be breaking both the current timeframe's trend and higher level trends. What I found was that in general this does not perform as well as the other strategy, but it does seem to be a lot more picky with trades. Showing higher win rates and a better profit factor. It just takes a lot less trades and the net profit isn't as good.
Strategi Pine Script®
oleh millerrh
7
Qullamaggie BreakoutThe intent of this strategy is to buy breakouts with a tight stop on smaller timeframes in the direction of the longer term trend. Default longer term trend is the daily, but the user can choose any timeframe to use for the SMAs (which act as filters and trailing stops). Exit the trade using a trailing stop of a close below either the 10 MA or 20 MA (user choice) on that larger timeframe as the position moves in your favor (i.e. whenever position price rises above the MA). This is one area where this script could use a little work or some human intervention - when the trade is entered right in the vicinity of the moving averages, you get some whipsaw. Not sure how to avoid that at this point though if you want to look at those longer term moving averages as your exit criteria. Option of using daily ATR as a measure of finding contracting ranges and ensuring a decent risk/reward. (If the difference between the breakout point and your stop level is below a certain % of ATR, it could possibly find those consolidating periods.)
Strategi Pine Script®
oleh millerrh
6
(IK) Base Break BuyThis strategy first calculates areas of support (bases), and then enters trades if that support is broken. The idea is to profit off of retracement. Dollar-cost-averaging safety orders are key here. This strategy takes into account a .1% commission, and tests are done with an initial capital of 100.00 USD. This only goes long. The strategy is highly customizable. I've set the default values to suit ETH/USD 15m. If you're trading this on another ticker or timeframe, make sure to play around with the settings. There is an explanation of each input in the script comments. I found this to be profitable across most 'common sense' values for settings, but tweaking led to some pretty promising results. I leaned more towards high risk/high trade volume. Always remember though: historical performance is no guarantee of future behavior . Keep settings within your personal risk tolerance, even if it promises better profit. Anyone can write a 100% profitable script if they assume price always eventually goes up. Check the script comments for more details, but, briefly, you can customize: -How many bases to keep track of at once -How those bases are calculated -What defines a 'base break' -Order amounts -Safety order count -Stop loss Here's the basic algorithm: -Identify support. --Have previous candles found bottoms in the same area of the current candle bottom? --Is this support unique enough from other areas of support? -Determine if support is broken. --Has the price crossed under support quickly and with certainty? -Enter trade with a percentage of initial capital. -Execute safety orders if price continues to drop. -Exit trade at profit target or stop loss. Take profit is dynamic and calculated on order entry. The bigger the 'break', the higher your take profit percentage. This target percentage is based on average position size, so as safety orders are filled, and average position size comes down, the target profit becomes easier to reach. Stop loss can be calculated one of two ways, either a static level based on initial entry, or a dynamic level based on average position size. If you use the latter (default), be aware, your real losses will be greater than your stated stop loss percentage . For example: -stop loss = 15%, capital = 100.00, safety order threshold = 10% -you buy $50 worth of shares at $1 - price average is $1 -you safety $25 worth of shares at $0.9 - price average is $0.966 -you safety $25 worth of shares at $0.8. - price average is $0.925 -you get stopped out at 0.925 * (1-.15) = $0.78625, and you're left with $78.62. This is a realized loss of ~21.4% with a stop loss set to 15%. The larger your safety order threshold, the larger your real loss in comparison to your stop loss percentage, and vice versa. Indicator plots show the calculated bases in white. The closest base below price is yellow. If that base is broken, it turns purple. Once a trade is entered, profit target is shown in silver and stop loss in red.
Strategi Pine Script®
oleh tapRoot_coding
14
(IK) Grid ScriptThis is my take on a grid trading strategy. From Investopedia: "Grid trading is most commonly associated with the foreign exchange market. Overall the technique seeks to capitalize on normal price volatility in an asset by placing buy and sell orders at certain regular intervals above and below a predefined base price." This strategy is best used on sideways markets, without a definitive up or down major trend. Because it doesn't rely on huge vertical movement, this strategy is great for small timeframes. It only goes long. I've set initial_capital to 100 USD. default_qty_value should be your initial capital divided by your amount of grid lines. I'm also assuming a 0.1% commission per trade. Here's the basic algorithm: - Create a grid based on an upper-bound (strong resistance) and a lower-bound (strong support) - Grid lines are spaced evenly between these two bounds. (I recommend anywhere between 5-10 grid lines, but this script lets you use up to 15. More gridlines = more/smaller trades) - Identify nearest gridline above and below current price (ignoring the very closest grid line) - If price crosses under a near gridline, buy and recalculate near gridlines - If price crosses over a near gridline, sell and recalculate near gridlines - Trades are entered and exited based on a FIFO system. So if price falls 3 grid lines (buy-1, buy-2, buy-3), and subsequently crosses above one grid line, only the first trade will exit (sell-1). If it falls again, it will enter a new trade (buy-4), and if it crosses above again it will sell the original second trade (sell-2). The amount of trades you can be in at once are based on the amount of grid lines you have. This strategy has no built-in stop loss! This is not a 'set-it-and-forget-it" script. Make sure that price remains within the bounds of your grid. If prices exits above the grid, you're in the money, but you won't be making any more trades. If price exits below the grid, you're 100% staked in whatever you happen to be trading. This script is more complicated than my last one, but should be more user friendly. Make sure to correctly set your lower-bound and upper-bound based on strong support and resistance (the default values for these are probably going to be meaningless). If you change your "Grid Quantity" (amount of grid lines) make sure to also change your 'Order Size' property under settings for proper test results (or default_qty_value in the strategy() declaration).
Strategi Pine Script®
oleh tapRoot_coding
20
Ganntime Grid Bot long strategy This is a simulating 3commas grid and DCA robot strategy implementation. In AI mode, the default grid width of btc is 500, and the default grid width of eth is 25. Anyone can use it for free. You can also cancel the AI ​​mode option and manually set the grid size and grid width. The initial order, safety order size, stop loss and take profit parameters are consistent with the configuration and usage of 3commas dca bot.
Strategi Pine Script®
oleh liequanche
4