SIDD-VortexSidd-Vortex strategy is using Vortex formula to generate 4 signals Bullish1 Bullish2 and Bearish1 Bearish2.
Bullish1 signal is getting generated when smooth ma of VIP is crossing over smooth ma of VIM and smooth VIM is falling from previous bar smooth VIM
Bullish2 signal is getting generated when smooth ma of VIP is crossing over smooth ma of VIM and smooth VIP is rising from previous bar smooth VIP
Bearish1 signal is getting generated when smooth ma of VIM is crossing over smooth ma of VIP and smooth VIP is falling from previous bar smooth VIP
Bearish2 signal is getting generated when smooth ma of VIM is crossing over smooth ma of VIP and smooth VIM is rising from previous bar smooth VIM
This strategy can be converted into study by un-commenting the plotshape and replace 15th line strategy with study and parameter overlay=false
and remove the if blocks.
I have seen trending market this strategy is working find but in choppy and consolidation zone strategy doesnt work and results are as expected.
This strategy can be used for stocks, commodity, Forex.
I have added commission and slippage with back test result.
Enjoy code is open.
Vortex Indicator (VI)
Slope VortexI stumbled upon creating this and thought it was cool and worth sharing. If anyone has ever dabbled with the Aroon or Vortex Indicators, there is some similarity to how it can be used visually.
The indicator basically takes two slopes from the trailing time period you indicate- one from the highest point in that time period, and one from the lowest point. It then plots both.
Here are some of the ways I think this indicator can be used--
Crossover This is the most obvious way, visually. If the blue line crosses under the red, an uptrend has ended or is testing support here. The opposite can be used as well. When the blue line crosses above the red an uptrend is starting or it is testing resistance.
Trending or Ranging If the two bands are moving away from each other/increasing the width between them, there is definite trending action going on. If the two are very narrow or keep crossing each other, whatever symbol you're looking at is likely ranging or consolidating. The black "midpoint" line can also be used to help identify-- if this line is moving up, regardless of if the blue or red band is above, the trend has momentum; if it is going down or flat the previous trend is either slowing greatly or we are ranging.
Support & Resistance Crosses can identify meaningful support and resistance. Having both lines kiss or get very close to the black midpoint line but not cross can also indicate S/R or confirm trend strength.
Here are some snippets of examples I outlined-
I purposely kept this indicator as clean and simple as possible for publication. But I already have tinkered around with taking the output and putting it through the likes of RSI, Stoch, etc. and I think the outcomes are pretty intriguing as well for something so simple. I think dropping the length too much makes it too noisy, so 20, 50, 100 look most useful.
Vortex MTFUnderstanding Vortex Indicator (VI)
The vortex indicator was first developed by Etienne Botes and Douglas Siepman who introduced the concept in the January 2010 edition of “Technical Analysis of Stocks & Commodities.” The vortex indicator is based on two trendlines: VI+ and VI-.
What is the Vortex Indicator (VI)?
A vortex indicator (VI) is an indicator composed of two lines - an uptrend line (VI+) and a downtrend line (VI-). These lines are typically colored green and red respectively. A vortex indicator is used to spot trend reversals and confirm current trends.
Vortex Indicator Calculations
The calculation for the indicator is divided into four parts.
1. True range (TR) is the greatest of:
Current high minus current low
Current high minus previous close
Current low minus previous close
2. Uptrend and downtrend movement:
VM+ = Absolute value of current high minus prior low
VM- = Absolute value of current low minus prior high
3. Parameter length (n)
Decide on a parameter length (between 14 and 30 days is common)
Sum the last n period’s true range, VM+ and VM-:
Sum of the last n periods’ true range = SUM TRn
Sum of the last n periods’ VM+ = SUM VMn+
Sum of the last n periods’ VM- = SUM VMn−
4. Create the trendlines VI+ and VI-
SUM VMn+/SUM TRn = VIn+
SUM VMn-/SUM TRn = VIn−
Repeating this process daily forms the VI+ and VI- trendlines.
The traditional application of using VI- and VI+ crossovers can result in a number of false trade signals when price action is choppy. Increase the number of periods used in the indicator to reduce this, for example, using 25 periods instead of 14.
What is MTF?
Multiple Time Frame Analysis is the technique of analyzing several time frames of the same asset before entering a trade. This type of analysis is best done using a top-down approach, i.e. starting at a higher time frame and working your way down, via several lower time frames, until the execution time frame is reached where a trade could be entered. Traders who use this technique usually look at 3 or 4 different time frames to identify the general trend and find the best entries. They minimize their risk and improve the odds of success simply by taking the bigger picture into account. It can easily be combined with any trading strategy.
Time frames are usually several times apart. For example a day trader who trades hourly charts, could analyse the weekly (high time frame), the daily (7 times smaller), the 4 hour (6 times smaller) and finally the hourly time frame (execution time frame, 4 times smaller). TradingView has a chart layout feature with multiple charts per layout, so you can analyse an asset on multiple time frames under one tab in your browser.
Summary
With MTF, you can see the Vortex indicator values for a specific time period without changing the graph time period.
RWI StrategyA test of the RWI used purely for long/short signals proves surprisingly profitable on 3H and 4H XBTUSD and ETHUSD.
Random Walk Index 1337A modification of the original Random Walk Index (RWI) script by everget, this one updates to version 4 and adds a threshold value and colouring.
If both high and low are below the default threshold of 1.0 the line chart will be coloured in grey.
Adjusting the length and threshold should allow you to see flat and choppy periods.
Vortex (VI) MTF Pane [Anan]Hello Friends,,
This is Vortex Indicator with Multi time frame pane
*Note that your current resolution must be <= the multi time frame pane otherwise the MTF pane will not plotting any data (Logic)
Vortex Trend Tracker 2.0 + RSIHere's an updated version of our Vortex Trend Tracker indicator.
Here's the link to the original if anyone wants to read more about the Vortex or see the first version:
We've added in 4 rsi's of varying lengths for this second version(2 fast and 2 slow) that create the background color effect.
Vortex Trend TrackerThough it may sound complex, the Vortex Indicator is essentially an uptrend line and a downtrend line. The vortex indicator can be used for a variety of purposes, including tracking the strength of trends, identifying/anticipating reversals, and generating entry/exit signals. It’s calculation is shown in the open-source code below.
To reduce the number of whipsaws produced by the indicator, we used an Exponential Moving Average of vmPlus and vmNegative values with a default length of 10. Decreasing this length will result in a more responsive vortex at the cost of more whipsaws and false signals.
The chart shows the absolute value of the difference between the uptrend and downtrend line displayed as the main histogram.
If the uptrend line is greater than the downtrend (thus indicating positive movement), then the histogram bars will be either light green or dark green. If the uptrend line has just now crossed the downtrend line, then the bar will be dark green. Bars will also be dark green when the uptrend line is greater than the downtrend line and the uptrend line is increasing. This means the trend is increasing in strength still. If the uptrend line is greater than the downtrend line, but is decreasing, then the bars will be light green. This means that the upwards trend is losing strength.
If the downtrend line is greater than the uptrend line, then there is a negative trend occurring and the bars will be either red or light red. If the downtrend line has just crossed over the uptrend line or is increasing in value, then the bar will be red. If the downtrend line is greater than the uptrend line, but is decreasing in value, then the bars will be light red (meaning the downtrend is weakening).
One way to trade using this vortex is to enter a long position when the bar color changes from red to light red. This would mean that the downtrend is decreasing in strength and an upwards reversal is likely to occur soon. Then, traders can exit their long position when the bars change from dark green to light green. When that color change occurs it means that the uptrend is running out of steam and price is unlikely to continue its upwards climb.
Traders can also choose to have the uptrend and downtrend lines plotted as well in the input menu. This may make it easier to visualize the Vortex and its usefulness in identifying reversals.
Profitable AroonIntroduction
The Aroon indicator was developed by well-known technical analyst Tushar Chande in 1995 and is used to identify trend changes in the price of an asset, as well as the strength of that trend. The fact that he named the indicator "Aroon" which is Sanskrit for "Dawn’s Early Light" demonstrates his belief in his indicator's trend discovery capabilities.
It is composed of two lines, Aroon Up and Aroon Down .
The most basic strategy is to use the crossovers as trade signals:
when Aroon Up crosses above Aroon Down , go Long
when Aroon Down crosses above Aroon Up , go Short
Exit when a crossover occurs in the opposite direction
What is this tool?
This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable period setting for the Aroon. It analyzes the range of periods between 2 to 100 and backtests the Aroon indicator for each period using the strategy mentioned above across the entire history of an instrument. If a more profitable parameter was found, the indicator will switch its value to the found one immediately.
Alerts
It has an alert that notifies when a more profitable period was found.
NOTE : It does not change what has already been plotted.
Good luck and Happy Trading!
Profitable Vortex Indicator ScannerIntroduction
The Vortex Indicator is a technical indicator invented by Etienne Botes and Douglas Siepman (Technical Analysis of Stocks & Commodities, V.28:1 (January, 2010): "The Vortex Indicator") to identify the start of a new trend or the continuation of an existing trend within financial markets.
It is composed of two lines, +VI and -VI . +VI represents up trending momentum and -VI represents down trending momentum.
The most basic strategy is to use the crossovers as trade signals:
when +VI crosses above -VI , go Long
when -VI crosses above +VI , go Short
Exit when a crossover occurs in the opposite direction
What is this tool?
This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable period's setting for the indicator. It analyzes the range of periods between 2 to 100 and backtests the Vortex Indicator for each period using the strategy mentioned above across the entire history of an instrument.
Settings
Net Profit line is optional and can be hidden through settings.
Alerts
It has an alert that notifies when a more profitable period was detected.
NOTE : It does not change what has already been plotted.
Good luck!
vortex indicator (lirshah)the Vortex Indicator consists of two oscillators that capture positive and negative trend movement.
Despite a rather involved formula, the indicator is quite straightforward to understand and easy to interpret.
A bullish signal triggers when the positive trend indicator crosses above the negative trend indicator or a key level. A bearish signal triggers when the negative trend indicator crosses above the positive trend indicator or a key level. The Vortex Indicator is either above or below these levels, which means it always has a clear bullish or bearish bias.
Buffet indicatorI was tired of not having something to compare the real economic strength of a country (US only for now...) to it's companies valuations.
So I made my own! Trading view does not have the wilshire indice, but it has the Rus 3000, good enough, & the US GDP since 1946 so this is what I am using.
Warren Buffet is famous for liking this so now the idea has its name. Let's call it the Buffet indicator (I doubt the only one that had the idea).
This indicator can be used on any indice thought, even on specific stocks.
You can even use it as a filter with an alarm (ofc not to be used on its own but patient people can really go far if they ONLY invest when the ratio is at the bottom, just as long as it is in the right companies):
One could invest in the middle of the highest green area (waiting for it to go too low = risk missing out), and add more when it goes to the second green area, for example. You sort it out.
Enjoy! See you on Mars luxury station in 25 years (the one I will build).
drnk Strategy VI and RSIStrategy based on a modified RSI and VI indicators. Best Results with heikin ashi representation.
drnkk StrategyStrategy based upon combination with, ROC of Vortex, modified RSI, modified Price ROC,
Bu da mı gol değil?
NeoButane Bitfinex BFXLS Vortex IndicatorScripted longs and shorts to the vortex indicator. It doesn't work like Vortex due to the two plots never crossing to congest.
Blue line: longs
Red line: shorts
Histogram: net volume, ohlc4 of both. Green if previous candle close had lower net volume, black if the previous candle close had more.
Deviance from the histogram: increased volume for the long or short side
Optional ADX line with customizable lookback; it can be difficult to understand due to it being completely horizontal unless you turn off the other plots.
Vortex Indicator w/ MACD HistoVortex Indicator showing Positive and Negative buying pressure. Included is a MACD Histogram that has been adjusted to the 1.00 plot line as base line instead of 0.00
Vortex Indicator with Thresholds DefinedA problem I noticed with the built in Vortex indicator was that it didn't include any defined thresholds that are important to understanding how to read the vortex indicator. So I modified the vortex indicator in order to have the thresholds built in so you don't have to draw horizontal lines on your chart.
