Constantly Applied Pressure Index (CAP index)BINANCE:ETHUSDT
The CAP index is my own homebrew trend indicator made to help traders see the slightly bigger picture, because we all know that as traders we can tend to hyper-focus in on a few candles and end up making a stupid trade because of it, or is it just me ? On a more serious note this indicator helps you find the short term trend by looking at bullish and bearish candles comparing their sizes, volumes and predominance.
The indicator has many technical settings for you to play around with but on the defaults it will render in a few colors which I will explain. Gray means no trend or that the current trend has died, bright green or red mean that a trend has formed, is playing out or that there is a good change a strong trend is about to form. Obviously green means bullish and red means bearish. Finally darker green and red mean a weak or weakening trend, this serves as a warning if you are about to take a trade in the trend direction.
The way I recommend using the indicator is the same way many trend indicators are used, as a filter to either a different indicator creating trading signals or to your own strategy's signals. I would add an illustration here that I prepared but I cannot because of tradingview's reputation rules
Trendfollowing
Hit, Profit & RunThis indicator helps traders to identify up-/down trends and see early warning signs when a stock or an index changes its current trend.
With a fast and a slow moving average the trader can define a moving average combo that starts an uptrend when the fast moving average line moves above the slow moving average line and ends its uptrend, when the fast moving average line goes below the slow moving average.
The trader can define a background color for the uptrend and downtrend as well as a take profit zone that is generated, when the price falls below the fast moving average line. With a short and long mode the colors and take profit zones change accordingly.
Market based maximum exposure PT rules:
■ Fast MA > Slow MA = Hit Area (no color)
■ Price < Fast MA = Take Profit Area (yellow color)
■ Fast MA < Slow MA = Run Area (red color)
Features
■ Use SMA or EMA crossovers
■ Define the length of the fast and short MA
■ Plot the fast and short MA
■ Switch between Long or Short mode
■ Hide or show the areas of your choice
■ Multipe customize options
Blockchain Fundamentals: 200 Week MA Heatmap [CR]Blockchain Fundamentals: 200 Week MA Heatmap
This is released as a thank you to all my followers who pushed me over the 600 follower mark on twitter. Thanks to all you Kingz and Queenz out there who made it happen. <3
Indicator Overview
In each of its major market cycles, Bitcoin's price historically bottoms out around the 200 week moving average.
This indicator uses a color heatmap based on the % increases of that 200 week moving average. Depending on the rolling cumulative 4 week percent delta of the 200 week moving average, a color is assigned to the price chart. This method clearly highlights the market cycles of bitcoin and can be extremely helpful to use in your forecasts.
How It Can Be Used
The long term Bitcoin investor can monitor the monthly color changes. Historically, when we see orange and red dots assigned to the price chart, this has been a good time to sell Bitcoin as the market overheats. Periods where the price dots are purple and close to the 200 week MA have historically been good times to buy.
Bitcoin Price Prediction Using This Tool
If you are looking to predict the price of Bitcoin or forecast where it may go in the future, the 200WMA heatmap can be a useful tool as it shows on a historical basis whether the current price is overextending (red dots) and may need to cool down. It can also show when Bitcoin price may be good value on a historical basis. This can be when the dots on the chart are purple or blue.
Over more than ten years, $BTC has spent very little time below the 200 week moving average which is also worth noting when thinking about price predictions for Bitcoin or a Bitcoin price forecast.
Notes
1.) If you do not want to view the legend do the following: Indicator options > Style tab > Uncheck "Tables"
2.) I use my custom function to get around the limited historical data for bitcoin. You can check out the explanation of it here:
Autocorrelative Power Oscillator (APO) [SpiritualHealer117]This indicator is very strong in identifying short-term trends, and was made for trading stocks and commodities. When it is green, it indicates an uptrend, and red indicates a downtrend. The transparency of the columns illustrates the strength of the trend, with transparent columns indicating weakness, while solid columns indicate strength.
Basic Explanation of the Indicator
This indicator calculates an asset's Pearson's R coefficient when compared with several different lags of the stock's price. After that, the oscillator checks whether the indicator is in the green or red compared to those correlations, and takes the sum of the correlative periods to predict which direction the market should go based on the relationship of the current price with its past correlations.
Honest Algo PremiumThis toolkit is a collection of innovative indicators, carefully designed to be as user friendly as possible. Get access to a collection of all the best we can offer in one indicator.
Providing Multiple Trading Styles
Our toolkit works in any market but has been specifically designed for Bitcoin and Forex.
Detect the direction of the trend using an algorithm based on our bounce manager ATR consolidation filtering
Find bounces from a handful of different pre-determined lines, the include a 20 period EMA, a supertrend, a T3 moving average and kijun-sen
Detect Rob Smith #thestrat entries
Filter out noise with our environment filters
and much more. (Check the changelog below for future additions)
If you want more information on how the price action entries of Rob Smith #thestrat work, there are many tutorials on the internet.
When using Rob Smith #thestrat entries the indicator uses bounce manager with a 200 period EMA for trend based bar coloring.
A quick explanation how it finds bounces from these lines:
Filter signals based on timeframe continuity
Timeframe continuity is a method of market analysis where you look if multiple different timeframe charts are in the same direction.
For example:
default settings we are in bull territory when the yearly, the quarterly, the monthly and the weekly candle all are green.
default settings we are in bear territory when the yearly, the quarterly, the monthly and the weekly candle all are red.
We provided multiple presets but it is recommended to use the standard preset, timeframe continuity is the strongest when using higher timeframes.
Filter signals based on market environment
We realised that trading long or short in an environment with no resistances increased our algorithms success rate.
How the algorithm does this:
1: See which timeframes the user has selected as a filter, on default these are:
Needs to be outside timeframe 1 (yearly), false
Needs to be outside timeframe 2 (quarterly), false
Needs to be outside timeframe 3 (monthly), true
2: Check if our closing price is above those timeframes previous candle high or below previous candle low.
This in combination with timeframe continuity gives a great tool to find the sentiment of the market and trade in the direction of the market.
Turn on autopilot using our signals
This tool is not made to do all decisions for you and requires a manager (you). The basic strategy using the #thestrat preset is to scale into positions on the 4H or higher timeframe, whenever a signal is fired you add to your position and as trend keeps developing the tool will keep adding to your positions.
A good manager knows risk management and does not use a very large position size per entry and builds a position over time.
We recommend you use a timeframe of 4H or higher and diversify over multiple assets. The indicator works best on assets that overtime have created long lasting trends.
Examples of perfect coins to use this on.
We know traders love clean looking charts
This is wy we added some popular indicators to our toolkit, these you can find on tradingview for free but we added them into our toolkit using our color theme, you can find these in the settings under (extra tools).
We also added an option to display bounce source, this is the source line some of our signal presets use to find bounces from using preset bounce manager parameter.
MACD frontSide backSide + TTM Squeeze by bangkokskaterDark Mode is enabled by default for black theme
disable Dark Mode for white theme
MACD frontSide backSide
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an elegant, much better way to use MACD
for trend following momentum ( aka momo) style
MACD with default settings of 12/26 smoothing of 9
✔️ but without histogram
✔️ only has MACD and signal "lines"
green = frontSide momentum impulse
take longs only
red = backSide momentum impulse
take shorts only
black area = exit (once green or red is no longer showing)
or keep holding till next bigger TP
PS: credits to Warrior Trading Ross Cameron for this idea
youtu.be
TTM Squeeze
===================
white dots = incoming pump / dump (monitor for entry)
PS: credits to John Carter's TTM Squeeze & Greeny for PineScript adaptation
SKYtrend Bruteforce Open Source✨SKYtrend Bruteforce Now Open Source✨
📌This indicator analyzes the trend and calls Long/Short which is fully custom to fit your style of trading.
📌Custom Take Profit Levels currently have 3 TP levels for Long and Short you can decide which % each TP will be in settings.
📌2 Custom Stoploss levels. For Long or Short. Can Enable or Disable either.
📌Can set alert For Long, Short , TP Long 1-3, TP Short 1-3, SL 1-2
📌Has built in ichimoku cloud
If you like it, like it. :)
Trend Friendly RSITrend Friendly RSI
Unlike the standard RSI, "Trend Friendly RSI" adapts to the trend. RSI and other momentum-based oscillators cannot give a buy signal in uptrends and a sell signal in downtrends because they do not take into account the momentum of the trend and behave as if the price is in a constant sideways trend. "Trend Friendly RSI", on the other hand, takes into account the momentum of the trend of your chosen length and subtracts it from the current momentum, thus giving more realistic buy and sell signals.
use it to identify your long-term investments and trading entry points for hodl. It would be wise to use this indicator for assets that you have done fundamental analysis and are sure of the trend direction. it doesn't know what the price will do, it just shows the points that are suitable for you.
remember this indicator will fail in horizontal trends.
VXD Cloud Edition for Python-Binance-bots.VXD Cloud Edition for Python-Binance-bots.
to overcome sideways market conditions this cloud configured for low timeframe.
every TA is same as VXD Cloud Edition but custom alert message for bots.
Risk:Reward Calculation
Risk of Ruin Setting can now selected between Fixed $ or %
if Buy your Stoploss will be Swing low
if Sell your Stoploss will be Swing high and can be setting at Pivot Setting
then Auto Position Sizing and TP line will be calculated form there and will show in Orange color line (Draw Position Box is available)
Tailing SL when price greater than RR=1
Alert Setting
{{strategy.order.alert_message}}
Python-Bot
github.com
There are 2 mode : one-way mode and hedge mode is different script in my Github profile.
read README.MD and there's video tutorial in thai language.
Pls study app.py and it's script before deploy for your own safty and your own risk, I'm NOT responsible for your loss.
Rob Booker - ADX Breakout updated to pinescript V5Rob Booker - ADX Breakout. The strategy remains unchanged but the code has been updated to pinescript V5. This enables compatibility with all new Tradingview features. Additonally, indicators have been made more easily visible, default cash settings as well as input descriptions have been added.
Rob Booker - ADX Breakout: (Directly taken from the official Tradingview V1 version of the script)
Definition
Rob Booker’s Average Directional Index (ADX) Breakout is a trend strength indicator that affirms the belief that trading in the direction of a trend and continuing to follow its pull is more profitable for traders, while simultaneously reducing risk.
History
ADX was traditionally used and developed to determine a price’s trend strength. It is commonly known as a tool from the arsenal of Rob Booker, experienced entrepreneur and currency trader.
Calculations
Calculations for the ADX Breakout indicator are based on a moving average of price range expansion over a specific period of time. By default, the setting rests at 14 bars, this however is not mandatory, as other periods are routinely used for analysis as well.
Takeaways
The ADX line is used to measure and determine the strength of a trend, and so the direction of this line and its interpretation are crucial in a trader’s analysis. As the ADX line rises, a trend increases in strength and price moves in the trend’s direction. Similarly, if the ADX line is falling, a trend decreases in strength and price then enters a period of consolidation, or retracement.
Traditionally, the ADX is plotted on the chart as a single line that consists of values that range from 0-100. The line is non-directional, meaning that it always measures trend strength regardless of the position of a price’s trend (up or down). Essentially, ADX quantifies trend strength by presenting in both uptrends and downtrends of the line.
What to look for
The values associated with the ADX line help traders determine the most profitable trades and where risk lies in the current trend. It is important to know how to quantify trend strength and distinguish between the varying values in order to understand the differences in trending vs. non-trending conditions. Let’s take a look at ADX values and what they mean for trend strength.
ADX Value:
0-25: Signifies an absent of weak trend
25-50: Signifies a strong trend
50-75: Signifies a very strong trend
75-100: Signifies an extremely strong trend
To delve into this a bit further, let’s assess the meaning of ADX if it is valued below 25. If the ADX line remains below 25 for more than 30 or so bars, price then enters range conditions, making price patterns more distinguishable and visible to traders. Price will move up and down between resistance and support in order to determine selling and buying interest and may then eventually break out into a trend or pattern.
The way in which ADX peaks, ebs, and flows is also a signifier of its overall pattern and trend momentum. The line can clearly indicate to the trader when trend strength is strong versus when it is weak. When ADX peaks are pictured as higher, it points towards an increase in trend momentum. If ADX peaks are pictured as lower - you guessed it - it points towards a decrease in trend momentum. A trend of lower ADX peaks could be a warning for traders to watch prices and manage and assess risk before a trade gets out of hand. Similarly, whenever there is a sudden move that seems out of place or a change in trend character that goes against what you’ve seen before, this should be a clear sign to watch prices and assess risk.
Summary
The ADX Breakout indicator is a trend strength indicator that analyzes price movements relative to trend strength to signal a user when is best for a trade and when is best to manage risk and assess patterns. As long as a trader recognizes strong trends and assesses the risk of each trade properly, they should have no problem using this indicator and utilizing it to work in their favor. In addition, the ADX helps identify trending conditions, but while doing so, also aids traders in finding strong trends to trade. The indicator can even alert traders to specific changes in trend momentum, allowing them to be primed for risk management.
tvbot Trend Following with Mean Reversion algoDefault settings are for the ETHUSDT 5 min Binance Chart regular candles.
Back test Default settings are 10,000 usd to start, Commission 0.075%, capital deployment per position is 10%, slippage value of 1.
This algo uses the EMA to set the trend line . You are also able to turn the trend line into a range instead of just a static line. The algo uses the VWMA to set the base entry parameters. When a candle closes above or below the VWMA it will record that price and then wait for the VWMA to meet the candle close price. When that happens the Base entry condition is met. (it causes the vwma to create a hook like structure. essentially tell you that the momentum has changed directions.)
The algo will always check to see if the trend line has either breached or has been tested and held. If this condition has been met it will then go to the base entry condition to check to see if the momentum has changed.
There is a mean reversion component in this algo as well. When the price has moved away from the mean(set by user) by a certain amount the algo will start to look for a top or bottom. Once that condition has been met it will then use the base entry condition to look for a change in momentum, but the mean reversion base entry condition uses the HMA to check for a change in momentum.
This algo effectively looks like a hamburger. Mean reversion being the tops and bottoms(bun) and the trend following(beef patty)
LudovicaLudovica is a trend following strategy that works on intraday timeframes (15 minutes).
The stop loss is decided based on the last price movement, take profits are projected through a Fibonacci extension. Two different extensions are calculated, based on a filter that affects the last price movement it is chosen which one to use for take profits.
Money management is fixed fractional: regardless of the distance between entry point and stop loss, the risk on capital for each trade is decided by the user in the strategy inputs. Take profits from 1 to 4 plan to exit with 15% of the initial size, TPs from 5 to 8 plan to exit with 10% of initial size.
There is a trailing stop system to reduce the drawdown of the strategy (note that stop loss moves as the trade develops).
Take profits are limit orders, stops (loss or trailing) occur at candlestick close (set alerts on the strategy).
Optimized strategies selectable from input panel:
-ETHUSDTPERP 15 min
-CRVUSDTPERP 15 min v1
-CRVUSDTPERP 15 min v2
-SNXUSDTPERP 15 min
Other pairs in development and soon available.
This strategy is in beta stage.
[Pt] TICK Supertrend Strategy, 5 minBackground:
It is well known that the indices such as SPY and QQQ follow/represent market sentiment. The TICK index literally represents the market sentiment as it compares the number of stocks that are rising and falling on the NYSE. By default, the TICK index is a short term indicator. Therefore it isn't reliable for swing trading or long term strategies. However, it is perfect for scalping.
Although TICK is well known, many does not know how to use it effectively. As part of the background mechanism of this script, I’ve divided TICK into 5 major zones based on the close of each candle: Overbought (neutral with bearish bias), Bullish, Neutral, Bearish, and Oversold (neutral with bullish bias). Along with the use of Heikin Ashi technique, RSI, moving averages and candle analysis, this strategy aims to provide accurate representation of market sentiment and profitable entry and exit points. *** At the time of publication, this strategy has proved to be consistently profitable. HOWEVER, this DOES NOT guarantee future profitability. So use at your own risk! ***
What is it showing?
This strategy is an intraday scalping strategy that uses TICK data to predict market directions for optimal entry and exit points. It is displayed similarly to the famous Supertrend indicator, which is one of the most common ATR based trailing stop indicators, so visually it is easy to read. This strategy is suitable for trading indices such as SPX , SPY , SPX500USD , QQQ , DJI and any other tickers that have high positive correlation with TICK.
Script is proprietary, but as mentioned it incorporates the following elements with additional candlestick analysis, pattern recognition, stop-loss and profit taking strategy:
- NYSE TICK data
- Heikin Ashi candle technique
- ATR
- RSI
- Moving Averages
Bullish trend is determined by a confluence of said indicators and analyses, and is displayed as a green line under the price action. The distance is defined by an adjustable value that is based on a percentage of the previous daily ATR value. When a long order is in play, that line also acts as the stop-loss level. Bearish trend is the opposite and is displayed in red, by default.
What's unique?
Detecting a ranging market structure and avoiding overtrading in a choppy market has always proven to be difficult, even for the most professional traders. This strategy has built-in “choppiness” and volatility filtering scripts that attempts to help reduce the number of false entries. These elements are what makes this strategy unique and different from other indictors mashup strategies.
In addition, this strategy takes previous trades into account and “learn” from past trades when determining the optimal stop-loss level to maximize profitability. This allows this strategy to better adapts to changing and evolving market conditions.
Strategy statistics
All parameters are designed for 5min time frame.
At the time of publication, this strategy has proved to be consistently profitable through limited back testing data.
Initial capital = $10000
Pyramiding = 1
Slippage = 3 ticks to account for spread
Default leverage shown = 9x
Quantity per trade = 100% of account
Back testing period at time of publication = Apr 11, 2022 - July 22, 2022
Trading Session = 1000 - 1530 Mon-Fri
Timeframe = 5 min
Gain = 1338.48%
Total trades = 253
% Profitable = 45.85%
Profit Factor = 2.506
Max Drawdown = 19.36%
Extras
This release includes default AutoView alerts for trading SPX500USD on Oanda. It includes both long and short order entry alerts, and trailing stop-loss alerts.
Please DM for free trial.
Directional BiasA Directional Bias to stop me trading against the trend
Utilising EMA'S - I personally view on the 15M TF but it can be set on any
40/50/60 15Minute STF
and 13/35/50 - 30M 1H and 4H HTF
Mixing them together in direction and location to each other Gives a 6 colour system for keeping away from trading against trend
Dark Red Both Align - Sells Only do not take Buy Trades
Medium Red HTF and Dark Red Mix - Sells Only do not take Buy Trades
Light Red STF - if in a mix with Blanks and greens - Trade Both Directions - if 8 hours of solid Light Red ? Darker Red - do not take Buy Trades - Sells Only
Orange - Trading Both ways - No Directional Bias
Dark Green Both Align - Buys Only do not take Sell Trades
Medium Green HTF and Dark Green Mix - Buys Only do not take Sell Trades
Light Red STF - if in a mix with Blanks and greens - Trade Both Directions - if 8 hours of solid Light Green ? Darker Green - do not take Sell Trades - Buys Only
Alert Setting for Change of Direction included
I find this useful - to at least give me a pause for thought when I am about to trade against the trend - I hope you do to
LNL Pullback ArrowsBuying the dip has never been easier! LNL Pullback Arrows are here to pinpoint the best possible entries for the trend following setups. With the Pullback Arrows, trader can pick his own approach and risk level thanks to four different types of arrows. The goal of these arrows is to force the traders to scale in & out of trades which is in my opinion crucial when it comes to trend following strategies. These arrows were designed primarily for the daily & weekly time frame (swing trading).
Four Types of Pullback Arrows:
1. Aggro Arrows - Ideal for aggresive approach during parabolic trends. Sometimes trends are so strong that the price barely revisits the daily 8 EMA. This is where the aggro arrows can perfectly pinpoint the aggresive high risk entries. Ideal for halfsize or 1/4 size of the full position. Aiming for quick 1-2 day moves targeting the recent high/low. These arrows could be also named as scalping arrows for the swing traders. A quick In & Out.
2. HalfSize Arrows - Medium risk approach. First arrows to scale in. HalfSize arrows are the first sign that the pullback might be ending, yet there is still some space left for an even deeper pullback. That is the reason why they are called half-size. Ideally taken with half-sized position. When trading the HalfSize Arrows, It is better to have some "spare ammo in the gun" ready to use.
3. FullSize Arrows - Regular risk approach. These arrows represent a zone where the core of the posititon should be taken. The point of validity for the trend is not that far away, meaning the risk can be kept tight. Ideal for scailing the other halfs or quarters of the full position. Also great for more conservative traders or environments with higher volatility.
4. Rare Arrows - Offer the best risk to reward entries during the trend. Rare Arrows should be the "last kick" of the retracement, therefore stops can be positioned really tight. They either trigger the stop immidiately or they provide another juicy leg up or down in the direction of the trend. However, they really do appear rarely.
Simple EMA Cloud:
A simple cloud based on 21 and 55 exponential moving averages. This default length creates a pullback zone that is wide enough for the conservative traders but also give the opportunities to more aggresive traders. Alternatives such as 8 & 21, or 21 & 34 are forming the zone that is too aggresive and usually too thin. Of course, cloud can be fully adjusted or turned off completely. The only role of the cloud is to gauge the trend.
Tips & Tricks:
1.Importance of the Scailing
- As already stated, scailing is crucial to this since there is no way of knowing the exact level at which the price magically bounce every time. It is hard to tell where and which EMA will be respected. How can we know it will be 21 EMA every time? or 34 EMA or 10 EMA or 100 SMA or 50 DMA ... Single MA does not make a trend. This is the reason why scailing is so important. Scailing can make a difference.
2. Nothing is Perfect
- Same as any other study, nothing works 100% perfectly. Sometimes the setup will go right against you and sometimes the price will fade away sideways and breaks off the structure of the trend. This is not a magic certainty tool. This is just another probability tool.
3. Point of Validity & Other Studies
- Even though the pullback arrows can be a stand-alone strategy. It is important to use other indicators that visualize the actual trend. Whether its EMA Cloud or EMAs or DMI Bars or Keltner Channels, there should be something that validates the trend, something that tells the trend is over. (Pullback Arrows are not showing the actual stops!).
Hope it helps.
SurfDaTrend MTF Trend PeekThis script displays whether the EMA's align on Multiple-Timeframes. The user will set the EMA periods to use to determine the trend. This is useful for Multi-timeframe analysis and ensuring you are not trading against the HTF trend. This script also benefits users who use only a single screen as it is troublesome to switch to multiple timeframes to check EMA alignment.
***note: This is only useful for traders who trade on the lower timeframes. Not recommended for long-term traders.
((Bullish)) Candle below EMA Hello People of the Trading World...
Todays script is a basic concept of using Moving Averages and Candle Closes - this works best on Higher Timeframes and only in Bullish Conditions
"When the market is trending to the upside - we tend to see price overextend from the moving average and price revert back to the mean (Mean Reversion)"
You may ask why would you want this candle - this presents good opportunities in a trending market (NOT AN ENTRY CANDLE). This can be useful to get into existing trends which you may have missed
This candle will display when the candle close is below one of the below EMAS
9EMA
50EMA
100EMA
You can choose which one to show ie if the 21ema wasnt important but the 100ema was... turn off the 21ema and 50ema and this will display candle below the 100ema
This candle can be alerted in the settings so if price does close you wont miss it.
EXMAPLES:
If you find this script useful please leave a comment and a thumbs up :)
Current Trend [KPM] - Buy / SellYou can filter the trend with this indicator. Green Lines indicate a short-term up trend and Red lines indicate a short-term downtrend. and black lines indicate short-term consultation.
I'm not regarding anything with this indicator. All risk is yours
Thank you
Neo's Divergence FractalsDivergence Fractals combine divergence candlestick patterns with concepts pioneered by Bill Williams and George Lane to create a precise trend following tool that responds very well to the FX market. This indicator is built off of my Neo Fractal data set, which unlike traditional Williams fractals, track highest and lowest closes instead of higher highs and lower lows. Through my own research, I've found Neo Fractals to be a much more accurate way of pinpointing %K and RSI extremes than Williams fractals, especially in scenarios where markets make higher highs or lower lows, but fail to close higher or lower. This can lead to false divergence signals because the stochastic and RSI values aren't referenced at their highest or lowest point.
If divergence is detected between the previous close and the closest fractal above or below the close, the script then waits for a close above (bullish), or below (bearish) the close where divergence was present, at which point, an up (bullish) or down (bearish) fractal will appear on the chart. Divergence signals followed by engulfing candles are also colored, so they're easy to spot. These are the highest quality reversal or in some cases trend continuation signals! Divergence Fractals can be a great entry tool, but can also be great for managing and closing active trades as well. This indicator was designed to work in tandem with my %K as well as my proprietary Lucky7 indicator, mainly on the 1HR chart.
[MattLet] Market Structure BiasThis indicator is based on a zigzag and shows swings and market structure breaks.
It is very useful to analyze trend changes in short, medium and long periods.
Features:
1 - Lower Lows, Lower Highs, Higher Lows and Higher Highs
2 - Colored candles/bars Change of Character
Good luck!
Rate Of Change Trend Strategy (ROC)This is very simple trend following or momentum strategy. If the price change over the past number of bars is positive, we buy. If the price change over the past number of bars is negative, we sell. This is surprisingly robust, simple, and effective especially on trendy markets such as cryptos.
Works for many markets such as:
INDEX:BTCUSD
INDEX:ETHUSD
SP:SPX
NASDAQ:NDX
NASDAQ:TSLA
Maverick Trend LineBackstory of the Maverick Trend Line:
If you just want to know what the indicator does and how it works, you can skip this part and jump straight to the next section. However, I thought it would be useful to provide some background as to how I came up with this script, as it turned out to be quite different from what I originally planned it to be.
This is the second indicator, part of a trading strategy, which is constructed to work alongside " RSI Effective Reversal ". In some of the earlier (draft) versions, there were gazillion trend lines, so much so that they were obstructing what was the most important thing - price action. Gradually, I started reducing them, while incorporating other indicators like Directional Movement, RSI, Quantitative Qualitative Estimation (QQE) indicator, slope adaptive moving averages, etc.
Originally constructed as a strategy, when backtested, this indicator was profitable on the major assets I was trading - SPX500, Crude Oil, Copper, Natural Gas, BTC and ETH . I tested it on the 1h and 4h time frames (those that I trade in). I implemented fairly simple entry criteria - go long when RSI is oversold and price crosses up a certain trend line and go short when RSI is overbought and the price crosses down a certain trend line.
Now, why didn't I release this as a strategy? The results were good, but not nearly as good when trading experience and subjective decision-making were implemented. The script does not take into account trend lines that are easy to see with a naked eye, nor does it account for support and resistance levels. As such, a trader with some minor experience could make much more profit by implementing "the art of trading" as opposed to mechanically following entries and exits (at least with this script).
Maybe I didn't develop it well enough to be a comprehensive automatic strategy, but I've spent over 6 months testing different variations and it never outperformed manual trading with subjective entries, stop losses set at key levels (as opposed to trail stop-loss) and adding up to existing positions when the right opportunities come. So, let me just recap before we get to the important part of how the indicator works. Maverick Trend Line, when implemented with "RSI Effective Reversal" works like a charm when used manually (as guidance), and only merely outperforms a buy and hold strategy (based on a year-over-year basis on the backtesting engine).
What does the Maverick Trend Line do?
The now very trimmed version consists of two major elements - Price Base Line and Trend Base Line . The former is a Qualitative Quantitative Estimation (QQE) moving average with some smoothing modifications, while the latter is an adaptive moving average, again with some adjustments for smoother results. The parameters that you can tweak are:
lengths of the moving averages
QQE factor
smoothing factor
type of moving average, being used as a base for generating the base lines. You can choose between EMA, SMA, RMA, WMA and ALMA
Since Price Base Line follows the price closely and the Trend Base Line follows the overall trend, the Maverick Trend Line is a combination of both, following the price action closely, while still giving it some "room to breathe". You can switch between the two base lines or Maverick at any time.
How to use the Maverick Trend Line?
I am a huge fan of simplicity (which you may already know if you've checked some of my other indicators), so there's a minimum number of steps to follow before being able to use the indicator. By default it's switch to Maverick. I suggest unticking the box, tweaking the Price and Trend Base Lines according to the asset(s) you will trade (but do not attempt to perfectly fit it to the price) and once you are ready, switch back to Maverick. Alternatively, if you will find it useful, apply the indicator twice and have all the three lines at the same time. It's entirely up to you.
I would then suggest applying the RSI Effective Reversal Indicator and wait for overbought/sold situations. Once the price goes above or below the Maverick trend line after an oversold or overbought area, you can open a long/short order respectively. The added advantage of RSI Effective Reversal is that it's constructed of candles as opposed to a mere line. As such, it give you heads up when price is about revert, as the candles start turning from bullish to bearish.
Needless to say, no indicator or strategy is perfect, so I strongly suggest papertrading first until you get a grasp of the indicator, and as always - apply sound money management rules. Protect your capital, so that you can live to trade another day.
Questions and suggestions
I'm always open to suggestions as to how I can improve my indicators to serve you better, so if you have any ideas or questions about it, please feel free to drop them in the comment section below. Thank you for your interest and for checking my work. Good luck!
Booz Super SwingBooz Super Swing is an Indicator created for the purpose of identifying trends in Multiple Markets, it is based on Moving Average Crossover and extra features.
Trend Filter: allows you to take multiple entries in the same direction of the market.
If the market crosses below the 200 moving average it will take only short entries.
If the market crosses above the 200 moving average it will take only long entries.
Background Color : at a glance, you can see what cycle the market is in.
Green background : Shows that the market is in a bullish cycle.
Red background: Shows that the market is in a bearish cycle.
Markets : Booz Super Swing can be used and has been tested in Cryptocurrency, Stocks and Futures markets.
Timeframes
Charting from 1 Hour, 4 Hour, Daily, Weekly, Weekly
Weak Point :
Are Sideways Markets
Alarms :
Buy : Allows you to notify and automate entries based on market detection.
Sell : Allows you to notify and automate entries based on market detection.
Multi-Timeframe Simple TrendSimple Trend State Indicator inspired by @TaPlot's Price Time Frame Continuity indicator. Indicator works well on any Chart Timeframe although some aliasing of the State Response should be expected when comparing a State Response calculated on one Chart Timeframe to a Higher Chart Timeframe ie. comparing the State Result for 30 min from both a 1D Chart and 130 min Chart.
Current Trend State is calculated based on the Current Angle of the SMA Length "L". A Simple moving average is used as an Array Function has to be used to calculate the current MA Value for Time Frames < Chart.
Current Trend State Control is as follows:
Long Trend State = Current Angle > Min Long Angle
Bullish Trend State = Current Angle < Min Long Angle and Current Angle > Max Reversal Angle
Neutral Trend State = Current Angle < Max Reversal Angle and Current Angle > Min Reversal Angle
Bearish Trend State = Current Angle < Min Reversal Angle and Current Angle > Max Short Angle
Short Trend State = Current Angle < Max Short Angle
I use Gann Angle based State Angle definitions in my charts.
Visualization of the Trend State is controlled via the colors selected in the GUI.
Indicator output creates 6 Panels organized linearly at the Location defined via the GUI. Each panel identifies the Timeframe and Timeframe State for the Timeframes selected in the GUI.
IMPORTANT - Timeframes 4-6 MUST be < Current Chart. Timeframes 1-3 should be >= Current Chart
What does the Tool give you? It enables you to see, based on a standardized measure, the relative behavior of the underlying trends on the selected Timeframe ie . the current Asset Trend Support Structure.
So for Simple Trend Following: an identified Bullish Pulse could be Identified, and then followed to the highest Timeframe that is able to maintain that Bullish State. This is your Pivotal Timeframe. If a Bearish Pulse is identified then ride it until it grows strong enough to change the Trend State of the panel below your Pivotal Timeframe.
