robotrading body-limitThis is a very simple and universal strategy. Good for crypto. For BTC/USD, shitcoin/BTC .
Strategy
Long positions only. If the candle is falling and the candle body is 3 or more times the average candle body, then open a long position by limit order.
If the candle is rising, we should close a long position.
Short positions are not used.
This is a counter-trend strategy.
The average body of a candlestick is the arithmetic average of the bodies of the previous 100 bodies.
Parameters
The multiplier is the number of times the candlestick body should be bigger than the average candlestick body to get a signal to open a long position.
Recommended
- A timeframe of 4 hours to 1 day
- Cryptocurrencies with large market capitalization
- you can use coin/USD, coin/USDT, coin/BTC , coin/ETH, etc
Analisis Trend
Pairs Trading (basic OLS regression)Pairs trading using hedge ratio.
Firstly, it calculates hedge ration using OLS linear regression.
Then it calculates spread and z-score of spread.
if spread in specific range (which it's possible to change in settings) it makes Long/Short orders.
The very basic script.
Combo 2/20 EMA & Absolute Price Oscillator (APO) This is combo strategies for get a cumulative signal.
First strategy
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
Second strategy
The Absolute Price Oscillator displays the difference between two exponential
moving averages of a security's price and is expressed as an absolute value.
How this indicator works
APO crossing above zero is considered bullish, while crossing below zero is bearish.
A positive indicator value indicates an upward movement, while negative readings
signal a downward trend.
Divergences form when a new high or low in price is not confirmed by the Absolute Price
Oscillator (APO). A bullish divergence forms when price make a lower low, but the APO
forms a higher low. This indicates less downward momentum that could foreshadow a bullish
reversal. A bearish divergence forms when price makes a higher high, but the APO forms a
lower high. This shows less upward momentum that could foreshadow a bearish reversal.
WARNING:
- For purpose educate only
- This script to change bars colors.
[Sextan] PINEv4 Sextans Backtest FrameworkLevel: 5
Background
Backtesting of technical indicators and strategies is the most common way to understand a quantitative strategy. However, the complicated configuration and adaptation work of backtesting many quantitative tools makes many traders who do not understand the code daunted. Moreover, although I have written a lot of strategies,
However, I am still not very satisfied with the backtest configuration and writing efficiency. Therefore, I have been thinking about how to build a backtesting framework that can quickly and easily evaluate the backtesting performance of any indicator with a "long/short entry" indicator, that is, a "simple backtesting tool for dummies". The performance requirements should be stable, and the operation should be simple and convenient. It is best to "copy", "paste", and "a few mouse clicks" to complete the quick backtest and evaluation of a new indicator.
Luckily, I recently realized that TradingView provides an "Indicator on Indicator" feature, which is the perfect foundation for doing "hot swap" backtesting. My basic idea is to use a two-layer design. The first layer is the technical indicator signal source that needs to be embedded, which is only used to provide buy and sell signals of custom strategies; the second layer is the trading system, which is used to receive the output signals of the first layer, and filter the signals according to the agreed specifications. , Take Profit, Stop Loss, draw buy and sell signals and cost lines, define and send custom buy and sell alert messages to mobile phones, social software or trading interfaces. In general, this two-layer design is a flexible combination of "fixed and flexiable", which can meet the needs of most traders to quickly evaluate the performance of a certain technical indicator. The first layer here is flexible. Users can insert their own strategy codes according to my template, and they can draw buy and sell signals and output them to the second layer. The second layer is fixed, and the overall framework is solidified to ensure the stability and unity of the trading system. It is convenient to compare different or similar strategies under the same conditions. Finally, all trading signals are drawn on the chart, and the output strategy returns. test report.
The main function:
The first layer: "{Sextan} Your Indicator Source", the script provides a template for personalized strategy input, and the signal and definition interfaces ensure full compatibility with the second layer. Backtesting is performed stably in the backtesting framework of the layer. The first layer of this script is also relatively simple: enter your script in the highlighted custom script area, and after ensuring the final buy and sell signals long = bool condition, short = bool condition, the design of the first layer is considered complete. Input it into the PINE script editor of TradingView, save it and add it to the chart, you can see the pulse sequence in yellow (buy) and purple (sell) on the sub-picture, corresponding to the main picture, you can subjectively judge that the quality of the trading point of the strategy is good Bad.
The second layer: "{Sextan} PINEv4 Sextans Backtest Framework". This script is the standardized trading system strategy execution and alarm, used to generate the final report of the strategy backtest and some key indicators that I have customized that I find useful, such as: winning rate , Odds, Winning Surface, Kelly Ratio, Take Profit and Stop Loss Thresholds, Trading Frequency, etc. are evaluated according to the Kelly formula. To use the second layer, first load it into the TrainingView chart, no markers will appear on the chart, since you have not specified any strategy source signals, click on the gear-shaped setting next to the "{Sextan} PINEv4 Sextans BTFW" header button, you can open the backtest settings, the first item is to select your custom strategy source. Because we have added the strategy source to the chart in the previous step, you can easily find an option "{Sextan} Your Indicator Source: Signal" at the bottom of the list, this is the strategy source input we need, select and confirm , you can see various markers on the main graph, and quickly generate a backtesting profit graph and a list of backtesting reports. You can generate files and download the backtesting reports locally. You can also click the gear on the backtest chart interface to customize some conditions of the backtest, including: initial capital amount, currency type, percentage of each order placed, amount of pyramid additions, commission fees, slippage, etc. configuration. Note: The configuration in the interface dialog overrides the same configuration implemented by the code in the backtest script.
How to output charts:
The first layer: "{Sextan} Your Indicator Source", the output of this script is the pulse value of yellow and purple, yellow +1 means buy, purple -1 means sell.
The second layer: PINEv4 Sextans Backtest Framework". The output of this script is a bit complicated. After all, it is the entire trading system with a lot of information:
1. Blue and red arrows. The blue upward arrow indicates long position, the red downward arrow indicates short position, and the horizontal bar at the end of the purple arrow indicates take profit or stop loss exit.
2. Red and green lines. This is the holding cost line of the strategy, green represents the cost of holding a long position, and red represents the cost of holding a short position. The cost line is a continuous solid line and the price action is relatively close.
3. Green and yellow long take profit and stop loss area and green and yellow long take profit and stop loss fork. Once a long position is held, there is a conditional order for take profit and stop loss. The green horizontal line is the long take profit ratio line, and the yellow is the long stop loss ratio line; the green cross indicates the long take profit price, and the yellow cross indicates the long position. Stop loss price. It's worth noting that the prongs and wires don't necessarily go together. Because of the optimization of the algorithm, for a strong market, the take profit will occur after breaking the take profit line, and the profit will not be taken until the price falls.
4. The purple and red short take profit and stop loss area and the purple red short stop loss fork. Once a short position is held, there will be a take profit and stop loss conditional order, the red is the short take profit ratio line, and the purple is the short stop loss ratio line; the red cross indicates the short take profit price, and the purple cross indicates the short stop loss price.
5. In addition to the above signs, there are also text and numbers indicating the profit and loss values of long and short positions. "L" means long; "S" means short; "XL" means close long; "XS" means close short.
TradingView Strategy Tester Panel:
The overview graph is an intuitive graph that plots the blue (gain) and red (loss) curves of all backtest periods together, and notes: the absolute value and percentage of net profit, the number of all closed positions, the winning percentage, the profit factor, The maximum trading loss, the absolute value and ratio of the average trading profit and loss, and the average number of K-lines held in all trades.
Another is the performance summary. This is to display all long and short statistical indicators of backtesting in the form of a list, such as: net profit, gross profit, Sharpe ratio, maximum position, commission, times of profit and loss, etc.
Finally, the transaction list is a table indexed by the transaction serial number, showing the signal direction, date and time, price, profit and loss, accumulated profit and loss, maximum transaction profit, transaction loss and other values.
Remarks
Finally, I will explain that this is just the beginning of this model. I will continue to optimize the trading system of the second layer. Various optimization feedback and suggestions are welcome. For valuable feedback, I am willing to provide some L4/L5 technical indicators as rewards for free subscription rights.
Subscription
To encourage more people use this framework and avoid some abuse this one, I would like to set
100 Tradingview Coins per Monthly Subscription.
100X10 Tradingview Coins per Yearly Subscription.
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.).
BTC 30m ScriptWhat are your thoughts on this script? I connected it to Coinbase Pro via AWS lambda for auto-trading. I'm waiting for BTC to start bullish again before turning it on in production. Thoughts? Thank you! John
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.
SuperTrend+EMA Strategy [PineMyths] #1Indicator List
EMA(20) (Built-in)
SuperTrend(10,3) (Author: Kıvanç Özbilgiç)
Strategy Rules and Conditions
LONG Side
SuperTrend indicator is bullish (Green)
EMA(20) above SuperTrend
Bar open is above EMA(20)
Price touches EMA(20)
SHORT Side
SuperTrend indicator is bearish (Red)
EMA(20) below SuperTrend
Bar open is below EMA(20)
Price touches EMA(20)
Stop: SuperTrend indicator value that when the entry conditions are met
Take Profit: 2 x Risk
Bollinger Bands Strategy with StopLossThis is the default Bollinger Bands Strategy with a small change to support Stop Loss.
The default built-int BBS does not support Stop Loss and using it may cause large losses, specially in margin trading.
Added inputs:
Source
Stop Loss Percentage
MA trading tool v1.0Background to the tool
The tool was built out of frustration. Having traded for many years with a reasonable level of success I was always frustrated that my trading never went up a level. The world of trading is filled with people having so much more success than me and this level of FOMO really bothered me and resulted in inconsistency and countless hours sitting in front of a screen, hoping for the best. I also became a little bit of an indicator junkie - was there a holy grail indicator out there for me? I always felt that as a retail trader I was behind the curve. I started to investigate how the major market participants trade and make money and I was astounded at the level of success that they get from creating strategies and sticking to it. The market is driven largely by a "black boxes" which, for us retail traders are outside of our ability to access. I wanted to build a tool that could give me a traders edge.
Another factor that has always bothered me was when reading investing books there is a general assumption that a standard entry, say 8/13 cross over, works on all stocks. However, it is not the case and it can be frustrating for a trader using a set up and not realizing that the set up was/is the problem, not the trader. This realization alone has made a huge impact on my trading. The big boxes that control the market know this already.
Also, a lot of indicators that are available don’t take advantage of the backtesting capability provided in Tradingview. It is fairly simple to find 8-9 trades where a set up worked and then fall into the trade of assuming that it cannot fail. Knowing which set ups work and how frequently it will print will change the way that you trade.
The goal with the tool is to identify setups that have worked in the past with a high degree of profitability, high profit factor and low drawdown and using the planning tool allows you to customize the setup to find exactly what you are looking for across any tradeable asset on TradingView.
Over the past 20 years I have realized the following:
1) Not all entries and signals work the same on all stocks and knowing the historical performance of a strategy is critical
2) Not having a plan in advance lowers your probability of success
3) Developing consistency in analysis is critical
4) Developing confidence in your own plan is more important than whose trades you try to copy
5) Having 30 indicators does not help you trade better - it leads to more frustration
So here is the product of these realisations:
1) The tool looks across the most common entry strategies (RMA / EMA/ SMA/ HMA/WMA cross on 5 dimensions of type and 5 common crossovers) and can be used on 19 different time frames giving you guidance on what the best set up is for the stock you are analysing
2) It incorporates volatility into the strategy – when stocks are trading outside of a predetermined volatility band, a trade will not be entered. This accommodates traders who tend to get shaken out of trades too early.
3) It looks at the impact of “buying the dip” – often a common strategy employed by many traders which now can be backtested and reviewed to see if it actually helped or hindered the trade.
4) It measures your trade plan against your R – what you are willing to risk – and calculates your target profit based on your R multiple
5) It provides a non repaint signal on your base strategy and provides you with signals to trade smaller or shorter signals within the bigger strategy.
There are some additional visual tools:
• Squeeze signals - I am a big fan of the TTM squeeze however the Squeeze by itself can be hard to trade. Seeing a squeeze fire long on a chart can add to trade confidence.
• Seeing zones of support and resistance rather than single lines can also give you some leeway in terms of not getting pushed out of a trade too soon.
The backtester is always reviewed on a 2 to 3 year period to get an understanding of win rate %, profit ratio and average duration of trade. As an option trader knowing that a high probability move is playing out allows me to make sure that I don’t undercut the time frame for the expiration of the option relative to the historical average duration of a trade. Backtesting on shorter times is unrealistic.
Key benefits
1) It will save you a ton of time. I don’t have to sit in front of a screen watching ticks each day. I can plan for an entry, set an alert for a trade and when the conditions are met the TradingView system sends me a message and I will go and confirm a trade, execute it, set my alerts for control and move on with my life.
2) It allows me to review trade ideas in a consistent manner using the best trade plan and set up for a stock.
3) It forces me to be patient and not panic (always a good thing). With an adjustable volatility feature I can modify the volatility band in the trade plan to accommodate choppy market conditions.
4) It looks at both sides of the market (long and short) and you can calculate the impact of being market neutral or having a directional bias.
I hope this tool helps you to achieve some degree of peace in your trading.
To get access to the tool, please contact the author.
Logistic strategyThis strategy is loosely based on the logistic function. This function is often used to model population growth. I used it here to model price change using the z-score of net volume as the parameter to the exponential function.
[blackcat] L5 Price Positioning Index StrategyLevel: 5
Background
Are you tired of traditional Japanese candlesticks? Do you want to try a new type of candle master chart? This is my private L5 version, which introduces "Market Season Bands" for oversold and overbought status, historical resistance and support arrows in dynamic forms, inherent pyramiding for buy and sell.
Function
L3 Price Positioning Index is totally brand-new candle chart invented by myself. This main chart can provide effective resistance and support levels, and you can see where the price is running at any time. There are 3 key color bands. Blue-Green gredient band is used to indicate oversold support or breakthrough support levels; the color is blue means extreme oversold, green means oversold you can ignore. This band indicates the season of market entering "Winter". The Green-Orange band indicates the midline position where prices may pause; the green color here means bear middle while orange color here means bull middle. Accordingly, middle band color indicates market season entering "Spring or Autumn" . Finally, Pink-Red band indicates overbought resistance or breakthrough resistance levels; the pink color means market season is NOT bullish while the red color indicates it is a good market season to long. top band color indicates the market season entering "Summer". Enjoy your "Summer" with profit!
There are two types of candlestick charts.
The first type candles are mid-to-long-term trend candles, navy represents an uptrend and the length of the candle represents a change in intensity; maroon represents a downward trend and the length of the candle represents a change in intensity. You can find principle in L5 Price Positioning Index code. In L5 version, to simplif the visual effect, the display is hidden. This trend candle is the effective support and resistance level of the second type short-term swing candle.
The second type candles are short-term candles fluctuate around the first medium- and long-term trend candles. The second short-term candle is divided into five colors: green means pump; red means retracement in the ascending process; blue and yellow means bearish rebounce and trend reversal signal; white means dump; blue means price rebound in the descending process. I describe these in raindrop or snow-drop form, which can be quite familar for you to imagine the temperature of the market :).
Key Signal
THREE KEY LINES:
htop --> Pink-Red band, "Market in Summer", overbought resistance or pump breakout threshold
hmid --> Green-Orange band, "Market in Spring or Autumn", price pause zone, sideways may happen here
hbot --> Blue-Green gredient band, "Market in Winter", oversold support or dump breakout threshold
MID-LONG TERM CANDLES:
colorful trend line , it is an important support or resistance for short term price movements and the bull-bear boundary for market seasons.
SHORT TERM CANDLES:
1. bear rebounance --> rebounce in down trend candle with blue color
2. pump --> up trend pump candle with green color
3. trend reversal --> trend reversal candle with yellow color
4. dump --> bearish dump candle with white color
5. bull retracement --> retracement in up trend candle with red
Pros and Cons
Pros:
1. Long term trend identification by three lines for overbought, oversold and breakouts
2. Mid term trend support and resistance with a colorful boundary
3. Short term price behaviors are classified into 5 types of candles in blue, green, yellow, red and white
Cons:
I invent this to solve traditional JP candlestick shortcomings. If you find anything on Cons, just feedback to me for improvements.
Remarks
1. This is the strategy version of L5 Price Positioning Index
2. Closed-source, Invite-only, NOT free. (Free version is available by search "L3 Price Positioning Index")
3. Highl recommended to use this indicator for >= 4H timeframe, which means this is powerful for swing trading.
4. IMPORTANT!!! To have superior visual effect, you need to enter "Chart Setting" --> "Symbol" --> TURN OFF "Body", "Borders" and "Wick" of traditional JP candles.
Subscription
Permission will be automatically granted for who subscribed " L5 Price Positioning Index for Market Seasons"
[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.
Ultimate Ichimoku Cloud StrategyThe goal of this strategy script is to provide the ultimate experience to anyone interested in the Ichimoku Kinkō Hyō (Ichimoku Cloud). The script is designed to be highly customizable and allows the user to set a custom trade date range and select any combination of inputs and conditions that satisfy their goals. Additionally, the script allows the user to visually see any combination of their set conditions by clicking the " Show Conditions Visually " checkbox. Doing so will color the background in a different color where the conditions align. Finally, a simple Stop/Take profit is added for those that wish to exit based on percentages over Ichimoku conditions.
As always, please let me know if there are any bugs, something useful that could be added or if you need some help. Leave a like if you wish!
200DMA last DOM - ajhImplements and backtests a simple 200 day moving average trend following rules based on last day of month to limits trades to 12 per year.
From the book : 5 BEST Moving Average Strategies (That beat buy and hold) by Steve Burns and Holly Burns
Click on the cog to set the input date range eg; 2000-01-01 to 2016-12-31
The book back tested SP500 returns from 2000-2016 317% using this method vs 125% buy and hold only with less drawdown.
Simple 200 day moving average test and trading on last day of month.
(you may find it trades on next available day close to end of month as not all dates can be traded weekends etc..)
Rules are ;
1. if last day of month and stock over 200 day moving average, then go long 100%
2. if last day of month and stock under 200 day moving average, then close long 100% and goto cash.
Aims to miss market declines and keep you long for upside.
Note: Have found doesn't work well in choppy markets moving sideways like the FTSE100 for same period 2000-2016 and causes losses. Also for many stocks.
ETF 3-Day Reversion StrategyIntroduction: This strategy is a modification of the “3-day Mean Reversion Strategy” from the book "High Probability ETF Trading" by Larry Connors and Cesar Alvarez. In the book, the authors discuss a high-probability ETF mean reversion strategy for a 1-day time-frame with these simple rules:
The price must be above the 200 day SMA and below the 5 day SMA.
The low of today must be lower than the low of yesterday (must be true for 3 consecutive days)
The high of today must be lower than the high of yesterday (must be true for 3 consecutive days)
If the 3 rules above are true, then buy on the close of the current day.
Exit when the closing price crosses above the 5 day SMA.
In practice and in backtesting, I’ve found that the strategy consistently works better when using an EMA for the trend-line instead of an SMA. So, this script uses an EMA for the trend-line. I’ve also made the length of the exit EMA adjustable.
How it works:
The Strategy will buy when the buy conditions above are true. The strategy will sell when the closing price crosses over the Exit Moving Average
Plots:
Green line = Exit Moving Average (Default 5 Day EMA)
Blue line = 5 Day EMA (Used as Entry Criteria)
Disclaimer: Open-source scripts I publish in the community are largely meant to spark ideas that can be used as building blocks for part of a more robust trade management strategy. If you would like to implement a version of any script, I would recommend making significant additions/modifications to the strategy & risk management functions. If you don’t know how to program in Pine, then hire a Pine-coder. We can help!
Pivot Point BreakoutThis is a strategy taken from Perry Kaufman's book, Trading Systems and Methods.
Just like the title says, it's a breakout strategy. It works by buying when the current high is higher than the last pivot high, and selling when the low is lower than the last pivot low.
It does not have a good success probability, and relies on the good reward to risk ratio. Definitely not recommended for someone with weak hands.
Holyscalp v.3 A MACD 15 min trading strategy,
I set two macd trends that must match in trend direction to be traded,
along with that they must follow the moving average trend set in place
the trades trigger with an atr stop loss indicator "atr+" by zedartoftrading to be exact
It automates fully through autoview/oanda broker
the ma breach settings look back however many bars set in place and see if the bars are closing in opposite trend to the moving average
*TIP get another chart with same forex pair and take and change the candle sticks to heikin candles and set chart to 1D and trade only with that trend for the 15min settings, you can disable short trades by setting the threshold limit to 1 and to disable long trades set threshold to -1
Dec 31, 2021
Release Notes: for my use only
an hour ago
Release Notes: It trades based on these parameters I set in place.
1. The long term macd trend and the short term macd trend must match
2. The atr+ can not be more than 3x the previous atr.
3. It must trade with the trend set in place, I have two moving averages to choose from, to disable the second moving average set it to 1.
4. Don't touch the hammer and star fib level leave at zero, need to code that separately
5. the MA breach looks back a certain amount of bars to try and stop trading while its consolidating. I set at 1:0
an hour ago
Release Notes: Just updated the default settings, Remember they are set for optimization for 15mins but the same rules and parameters still apply to longer time frames, just change the moving averages to your liking if you want to move up timeframes.
TFO + ATR Strategy with Trailing Stop LossThis strategy is an experiment to learn what happens when The Trend Flex Oscillator (by Dr. John Ehlers) is used in conjunction with a volatility indicator like ATR. It was designed with cryptocurrency trading in mind.
The way I coded this experiment makes it unsuitable for bear market conditions.
When applied to a bull market, this trend-following strategy will open long positions when oversold price action appear to be reversing. It will typically close a position within a few days unless it gets caught in a bear market, in which case it holds on for dear life. I have tried to make back-testing very simple, but you should never trust it. It's merely and interesting tool for adjusting the many parameters that I've made editable in the configuration window. Those values include the ATR and TFO parameters, as well as setting a trailing stop loss. When closing a position, the strategy can optionally be told to ignore the trend analysis and only obey the trailing stop loss value. I've made an attempt to allow the user to define the minimum profit necessary to allow the strategy to close all all positions. In my observations, the 2H candlestick charts seem to produce the best results, although the parameters of the strategy could theoretically be adjusted to suit other time periods.
In summary...
This strategy has a bias for HODL (Holds on to Losses) meaning that it provides NO STOP LOSS protection!
Also note that the default behavior is designed for up to 15 open long orders, and executes one order to close them all at once.
Opening a long position is predicated on The Trend Flex Oscillator (TFO) rising after being oversold, and ATR above a certain volatility threshold.
Closing a long is handled either by TFO showing overbought while above a certain ATR level, or the Trailing Stop Loss. Pick one or both.
If the strategy is allowed to sell before a Trailing Stop Loss is triggered, you can set a "must exceed %". Do not mistake this for a stop loss.
Short positions are not supported in this version. Back-testing should NEVER be considered an accurate representation of actual trading results.
// portions © allanster (date window code)
// portions © Dr. John Ehlers (Trend Flex Oscillator)
This code is provided for educational purposes only. The results of this strategy should not be considered investment advice.
The user of this script acknowledges that it can result in serious financial loss when used as a trading tool
Gap Absorption StrategyLike the nature, markets don't like the void, and this is something we can take advantage of by trading gaps on some markets.
This technique is well known, so I wanted to write a tiny script based on this strategy to get a bit more comfortable with it.
IMPORTANT: Default parameters wont give you good trades on every markets, you need to modify these parameters to see which proportions correspond to the stock you're trading.
This script triggers signals on predefined variation of a stock price after a gap, and allows its user to configure TP and SL prices corresponding to a specific percentage of this gap movement.
Note: We can observe that opening gaps are often the most interesting.
Options
Trigger: the price variation you want to trigger on (in % of the price)
Stop Loss : in % of the gap
Take profit : in % of the gap
A small table is displayed in the top right corner of the chart to give you TP/SL/Signal prices for each opportunity
SL (red line) and TP (green line) are also displayed on the chart when a signal is triggered
Information concerning the current opportunity is given at the bottom of the chart
Note: This script is based on the Gap-Size-Indicator that I published a few weeks ago.
PickingupFromBottom StrategyPickingupFromBottom Strategy is variation of my earlier strategy HiLoBand
This strategy uses lowest lows of 200 and ema of that with length 7. Lets call this ema200Lows line
wait for price to close below ema200Lows line
Then using camarilla pivot points , wait for camariall centerpoint (actally ema 9 of that ) crossing up the ema200Lows line.
When this condition is met background color is changed to green (visual alert)
and BUY Long is taken
Exit
When the price crosses below the Camarilla R4 line or Camarilla S3 line
Tested with SPY and QQQ on 30 mins chart.
Warning
This strategy is published for educational purposes only.
Supertrend StrategyThis Supertrend strategy will allow you to enter a long or short from a supertrend trend change. Both ATR period and ATR multiplier are adjustable. If you check off "Change ATR Calculation Method" it will base the calculation off the sma and give you slightly different results, which may work better depending on the asset. Be sure to enter slippage and commission into the properties to give you realistic results.
I've also built in backtesting date ranges and the ability to trade only within certain times of day and have it close all trades at the end of that time frame. This is especially useful for day trading stocks. If you check off "Enter First Trade ASAP" then when using the time frame option it will enter the current trade. If however you uncheck that box and instead check off "Wait To Enter First Trade" it will wait for the trend to change and then enter.
You can also specify a % based take profit and stop loss. In most cases the stop loss is not needed because of the atr based stop that supertrend provides so you could check only take profit and see if it works best to take profit or to let supertrend trend change get you out. Also keep in mind that if you have "Enter First Trade ASAP" checked off and use the stop loss and/or take profit then it will re-enter the current trend again.
Finally there's custom alert fields so you can send custom alert messages for strategy entry and exit for use with automated trading services. Simply enter your messages in the fields within the strategy properties and then put {{strategy.order.alert_message}} in your alert message body and it will dynamically pull in the appropriate message.
Heikin Ashi Candle Startegy for Long PositionThis strategy utilize Heikin-Ashi candlestick chart.
Heikin-Ashi technique is a Japanese candlestick-based technical trading tool that uses candlestick charts to represent and visualize market price data.
Heikin-Ashi candle is essentially taking an average of the movement.
There is a tendency with Heikin-Ashi for the candles to stay red during a downtrend and green during an uptrend.
This strategy only apply for long trading position.
The idea is trader will waiting 3 green candles for validation period (confirmation) before entering long position.
Different timeframe will result different result.
Number of validation period can be changed to see different result
This strategy has parameter for take profit percentage, trailing stop and stop loss.
User can set maximum active position to minimize risk and qty order.
This tool is useful for user who wants to backtest Heikin-Ashi trading strategy.
Script will emit alert when long position is opened and closed.
Warning of Backtesting
Backtesting is backward-looking. As the name implies, you are testing how something would have worked if you traded it perfectly in the past.
Past performance does not indicate future performance and you should not assume it does.
Backtesting assumes you never miss-fire, that you get in and out at the exactly perfect moment each time.
Backtesting assumes you have perfect liquidity, and your limit orders fill at a specific, pre-defined price every time (either the open, close, low, high, or some average of these).
Disclaimer
Do your own research and consider fundamental price of asset.
The indicators provided on this script is for educational purposes only.
Author does not offer advisory or brokerage services, nor does it recommend or advise users to buy or sell particular stocks or securities.
Please examined script and give feedback for further improvement.
Script are open to public, everyone see and clone source code or just apply to chart. Please make comment for improvement.
