Position sizerPosition Sizer Indicator
The "Position Sizer" indicator is a practical tool for traders who need to quickly and accurately calculate position sizes based on their account balance, risk tolerance, and stop-loss level. It ensures real-time updates and supports multiple asset classes like Forex, Indexes, Metals, and Crypto.
Key Features
Dynamic Position Sizing: Automatically calculates position sizes based on the current market price and stop-loss level.
Stop-Loss Adjustment: Allows users to drag the stop-loss level directly on the chart, dynamically updating the position size.
Interactive Table: A single click on the table activates the draggable stop-loss level for easy adjustments.
Multi-Asset Compatibility: Fully supports Forex, Indexes, Metals, and Crypto trading pairs.
How to Use
Deactivate the Indicator:
Turn off the indicator to make it inactive.
Set the Stop-Loss Price:
Copy the stop-loss price or use a price near the current market price.
Reactivate the indicator after inserting the stop-loss price.
Adjust the Stop-Loss Level if needed:
Click once on the table to enable the stop-loss level for dragging.
Move the stop-loss line as needed—position sizes will automatically recalculate.
Important Disclaimer
Verification Required: Always verify the calculated position size before executing trades.
Broker Confirmation: Double-check the point size for your trading symbol with your broker to avoid errors in calculations.
User Responsibility: The creator assumes no responsibility for any trading decisions made based on this indicator.
This tool helps streamline position management, ensuring you can focus on executing your trades with accuracy and speed. Always confirm your calculations before trading.
Recherche dans les scripts pour " TABLE "
Strategy Development Environment [BerlinCode42]Happy Trade,
Intro
What is New
Algebraic/Boolean Equation
Instruction Set for The Algebraic/Boolean Equation
Example
Usage
Settings Menu
Declaration for Tradingview House Rules on Script Publishing
Disclaimer
Conclusion
1. Intro
This is a rich equipped fork of my previous "Backtest any Indicator v5". And serves as the fitting backtester and trade strategy creation tool for my upcoming ANN Indicators (artificial neural network).
As the previous version this script has no trade signal generating code. The trade signals comes in by the five user settable input slots where the user plug-in external indicators. The final trade siganls go long etc are defined by a algebraic/boolean equation typed in as text in 4 terminals as shown in Image 0 . With this algebraic/boolean equations input the user can setup any trade logic as complex and fast and easy as never seen before here on TradingView.
Image 0
2. What is new
Input algebraic/boolean equations in text-form for go long, go short, exit long & exit short
Five input slots for external indicator signals
Equation tester
User settable signal delay for enter and exit trades
User selectable alternating trades filter
User settable exit long = enter short
Intrabar or trade only on bar closing
Time filter with duration input
User settable UTC Adjustment
Long and short trades possible
Two Take Profits with quantity setting
Trailing Stop
Webhook connection
3. Algebraic/Boolean Equation
This is where the magic happens. Unlike other backtesters that rely on drop-down menus to define trade signal equations—thus limiting the number of input signals and the complexity of logic—this script uses a string interpreter to solve equations. With this, you can develop your trade logic equations and add signals or conditions simply by writing them down in algebraic/boolean form.
The instruction set for this interpreter includes not only external input signals but also several internal values. These include BarTime, BarIndex, Open, High, Low, Close, True Range, Minimal Tick, Volume, and a signal that indicates whether there is an open trade (long, short, or none). You can also reference the values of past bars for all these inputs and, of course, use constant values in your equations. There is a sad limitation: Only one past bar value per equation is practicable. If you use more, errors can occur. It seems to be caused by the pipe line architecture of the parallel computing. In any attempt to solve this issue an older function call result was hand over.
The implemented functions cover a wide range of algebraic and boolean operations. A boolean "true" is represented by all values greater than zero, while "false" is represented by zero or values less than zero.
4. Instruction set for the Algebraic/Boolean Equation
There are functions that accept either two input values or one input value. The general form is (XandY) or (notX), where X and Y can be any input slot, predefined value, constant, or another sub-equation. Functions are always written in lowercase, while input slots and predefined values use uppercase letters.
Each sub-equation must be enclosed in parentheses, e.g., (A+B). Without proper use of parentheses, the interpreter cannot determine which function to calculate first. Negative constants must be expressed by subtracting from zero (e.g., (0-3.14)), so careful attention is required.
Here are some examples that demonstrate both incorrect and correct notations:
incorrect correct
(A+B*C) (A+(B*C))
(A+B+D+E) (A+(B+(D+E)))
(-20>A) ((0-20)>A)
(A*-B) (A*(0-B))
(AnotB) (Aand(notB))
ABS(a-b) (abs(A-B))
The correct usage ensures the interpreter calculates in the intended order.
And here comes the complete Instruction Set:
Addition: (A+B)
Subtraction: (A-B)
Multiplication: (A*B)
Division: (A/B)
Absolut value: (absA)
Power of: (A^B)
Natural Logarithm: (logA)
Lowest value of Low of last x bars: (lotx)
Highest value of High of last x bars: (hotx)
Modulo, Remainder of a Division: (A%B)
Round: (rndA)
round to ceil: (ceiA)
Round to floor: (floA)
Round to next minimal tick: (mitA)
EMA of A of last 3 bars: (e03A)
EMA of A of last 7 bars: (e07A)
EMA of A of last 10 bars: (e10A)
EMA of A of last 20 bars: (e20A)
EMA of A of last 50 bars: (e50A)
Smaller then: (AB)
Equal to: (A==B)
Unequal to: (A!=B)
And: (AandB)
Or: (AorB)
Exclusive Or: (AxorB)
Not: (notA)
Past bar value: (A ) ,whereby x can be 1,2,3,...,barIndex-1
Bar time: (T)
Bar index: (I)
Opening Price of Bar: (O)
Highest Price of Bar: (H)
Lowest Price of Bar: (L)
Closing Price of Bar: (C)
Min tick value for the current symbol: (K)
Trade Volume: (V)
True Range: (R)
Is Money invested: (M) ,Long position: M=1,
Short position: M=-1,
No position: M=0
Reminder: if you wanna replace A or B above don't forget the parentheses. So if you have (logA) and wanna replace A with D+F so the correct replacement would be (log(D+F)).
In the following there are some examples of popular bar patterns and useful filters:
Doji: ((abs(O-C))<(10*K))and((H-L)>(100*K))
green Hammer: (((H-C)<(5000*K))and(((O-L)/2)>(abs(O-C)))
Up trend: (C>(e10H))
Down trend: (C<(e10L))
cool down 7 bars: (( any buy condition )and((e07(absM))==0))
possible Pivot High: (H==(hot30))and((CC))
possible Pivot Low: (L==(lot30))and((C>H )or(O0)), goShort ((A>0)and((A )<0)), Enter Signal delay=0, Exit Signal delay=0, Alternate Trades=true
take profit 1 =0.4% (30%), take profit 2 =0.7%, trailing stop loss=0.2%, intrabar, start capital=1000$, qty=5%, fee=0.05%, no Session Filter
Image 1
6. Usage
First you need to attach some signals from external Indicators. In the example above we use the Stochastic RSI indicator from TradingView. Load the Stochastic RSI indicator to the chart. Then you go to the settings menu of this script, choose in the drop-down menu of Input A the signal .
In case you wanna use a signal which is not in the drop-down menu of Input A do the following:
1) You need to know the name of the boolean (or integer) variable of your indicator which hold the desired signal. Lets say that this boolean variable is called BUY. If this BUY variable is not plotted on the chart you simply add the following code line at the end of your pine script.
For boolean (true/false) BUY variables use this:
plot(BUY ? 1:0,'Your buy condition hold in that variable BUY',display = display.data_window)
And in case your script's BUY variable is an integer or float then use instate the following code line:
plot(BUY ,'Your buy condition hold in that variable BUY',display = display.data_window)
2) Probably the name of this BUY variable in your indicator is not BUY. Simply replace in the code line above the BUY with the name of your script's trade condition variable.
3) Do the same procedure for your SELL variable. Then save your changed Indicator script.
4) Then add the changed Indicator script from step before and this backtester script to the chart ...
5) and go to the settings of it. Choose under "Settings -> Input A " your Indicator. So in the example above choose .
The form is usually: ' : BUY'. Then you see something like Image 1
6) Decide about each trade logic for Go Long and Go Short . In this Example we use for GoLong if "Stoch RSI: K" is smaller then 20. The "Stoch RSI: K" we already loaded it in input A. So we set under Go Long (A<20) and set Enter Signal Delay to 0.
Now we setup Go Short if "Stoch RSI: K" is bigger then 80. So we set under Go Short A>80. Enter Signal Delay is already set.
7) For the Exit conditions you can choose (trailing) Stop loss or Take Profit or Exit by Indicator Signal. What ever comes first triggers the exit. If you like to use an EMA Indicator for the Exit by Indicator just load it in a free input slot B, D, E, F or use the inbuild EMA. For this example we use the inbuild EMA of the last 7 values of close. It is called by the following equation: (e07C). So to exit a long trade when the close price crossunder this EMA you have to type in Exit Long ((e07C)>C). For exit a short trade enter in Exit Short ((e07C)
MAG 7 - Weighted Multi-Symbol Momentum + ExtrasOverview
This indicator aggregates the percentage change of multiple symbols into a single “weighted momentum” value. You can set individual weights to emphasize or de-emphasize particular stocks. The script plots two key items:
The default tickers in the script are:
AAPL (Apple)
AMZN (Amazon)
NVDA (NVIDIA)
MSFT (Microsoft)
GOOGL (Alphabet/Google)
TSLA (Tesla)
META (Meta Platforms/Facebook)
Raw Weighted Momentum (Histogram):
Each bar represents the combined (weighted) percentage change across your chosen symbols for that bar.
Bars are colored green if the momentum is above zero, or red if below zero.
Smoothed Momentum (Yellow Line):
An Exponential Moving Average (EMA) of the raw momentum for a smoother trend view.
Helps visualize when short-term momentum is accelerating or decelerating relative to its average.
Features
Symbol Inputs: Up to seven user-defined tickers, with weights for each symbol.
Smoothing Period: Set a custom lookback length to calculate the EMA (or switch to SMA in the code if you prefer).
Table Display: A built-in table in the top-right corner lists each symbol’s real-time percentage change, plus the total weighted momentum.
Alerts:
Configure alerts for when the weighted momentum crosses above or below user-defined thresholds.
Helps you catch major shifts in sentiment across multiple symbols.
How To Use
Select Symbols & Weights: In the indicator’s settings, specify the tickers you want to monitor and their corresponding weights. Weights default to 1 (equal weighting).
Watch the Bars vs. Zero:
Bars above zero mean a positive weighted momentum (the basket is collectively moving up).
Bars below zero mean negative weighted momentum (the basket is collectively under pressure).
Check the Yellow Line: The EMA of momentum.
If the bars consistently stay above the line, short-term momentum is stronger than its recent average.
If the bars dip below the line, momentum is weakening relative to its average.
Review the Table: Quick snapshot of each symbol’s daily percentage change plus the total basket momentum, all color-coded red or green.
Caution & Tips
This indicator measures rate of change, not absolute price levels. A rising momentum can still be part of a larger downtrend.
Always combine momentum readings with other technical and/or fundamental signals for confirmation.
For better reliability, experiment with different smoothing lengths to suit your trading style (shorter for scalping, longer for swing or positional approaches).
VWAP Valuation Model | JeffreyTimmermansVWAP Valuation Model
This indicator provides a powerful tool for traders looking to assess the value of an asset based on the VWAP (Volume Weighted Average Price) and the z-score. The VWAP Valuation Model is designed to give insights into the overbought or oversold condition of an asset by comparing the current price to a volume-weighted average over a defined period.
Key Features:
VWAP Baseline: The indicator calculates a volume-weighted moving average of the price, which serves as the core reference line for price analysis.
Z-Score: The z-score is calculated to determine how far the current price deviates from the mean, adjusted for volatility. This score helps identify overbought and oversold conditions.
Smoothing Option: Optionally, the indicator can be smoothed for better visualization, with the smoothing length being adjustable.
Real-time Data: The indicator provides real-time insights for multiple assets, such as Bitcoin (BTCUSD), Ethereum (ETHUSD), and Solana (SOLUSD), and can take the broader market performance (like the total crypto market) into account.
Z-Score Table: The indicator features an interactive table that provides valuable information on the z-scores of selected assets, allowing traders to quickly get an overview of market conditions. The table is strategically positioned above the chart for maximum visibility without interfering with the chart data.
Usage:
Overbought/Oversold: A z-score above +1.5 indicates overvaluation (overbought), while a score below -1.5 indicates undervaluation (oversold). This indicator helps in making informed trading decisions.
VWAP Range: The indicator offers a visual representation of the VWAP range, crucial for understanding price trends and market dynamics.
This indicator is ideal for investors interested in fundamental analysis while also needing technical insights to identify buy and sell opportunities. It helps to objectively assess market valuation and make well-informed decisions.
Important Note: This indicators works only in mean-reverting markets, not trending periods.
-Jeffrey
ForecastPro by BinhMyco1. Overview:
This Pine Script implements a custom forecasting tool on TradingView, labeled "BinhMyco." It provides a method to predict future price movements based on historical data and a comparison with similar historical patterns. The script supports two types of forecasts: **Prediction** and **Replication**, where the forecasted price can be either based on price peaks/troughs or an average direction. The script also calculates a confidence probability, showing how closely the forecasted data aligns with historical trends.
2. Inputs:
- Source (`src`): The input data source for forecasting, which defaults to `open`.
- Length (`len`): The length of the training data used for analysis (fixed at 200).
- Reference Length (`leng`): A fixed reference length for comparing similar historical patterns (set to 70).
- Forecast Length (`length`): The length of the forecast period (fixed at 60).
- Multiplier (`mult`): A constant multiplier for the forecast confidence cone (set to 4.0).
- Forecast Type (`typ`): Type of forecast, either **Prediction** or **Replication**.
- Direction Type (`dirtyp`): Defines how the forecast is calculated — either based on price **peaks/troughs** or an **average direction**.
- Forecast Divergence Cone (`divcone`): A boolean option to enable the display of a confidence cone around the forecast.
3. Color Constants:
- Green (`#00ffbb`): Color used for upward price movements.
- Red (`#ff0000`): Color used for downward price movements.
- Reference Data Color (`refcol`): Blue color for the reference data.
- Similar Data Color (`simcol`): Orange color for the most similar data.
- Forecast Data Color (`forcol`): Yellow color for forecasted data.
4. Error Checking:
- The script checks if the reference length is greater than half the training data length, and if the forecast length exceeds the reference length, raising errors if either condition is true.
5. Arrays for Calculation:
- Correlation Array (`c`): Holds the correlation values between the data source (`src`) and historical data points.
- Index Array (`index`): Stores the indices of the historical data for comparison.
6. Forecasting Logic:
- Correlation Calculation: The script calculates the correlation between the historical data (`src`) and the reference data over the given reference length. It then identifies the point in history most similar to the current data.
- Forecast Price Calculation: Based on the type of forecast (Prediction or Replication), the script calculates future prices either by predicting based on similar bars or by replicating past data. The forecasted prices are stored in the `forecastPrices` array.
- Forecast Line Drawing: The script draws lines to represent the forecasted price movements. These lines are color-coded based on whether the forecasted price is higher or lower than the current price.
7. Divergence Cone (Optional):
- If the **divcone** option is enabled, the script calculates and draws a confidence cone around the forecasted prices. The upper and lower bounds of the cone are calculated using a standard deviation factor, providing a visual representation of forecast uncertainty.
8. Probability Table:
- A table is displayed on the chart, showing the probability of the forecast being accurate. This probability is calculated using the correlation between the current data and the most similar historical pattern. If the probability is positive, the table background turns green; if negative, it turns red. The probability is presented as a percentage.
9. Key Functions:
- `highest_range` and `lowest_range`: Functions to find the highest and lowest price within a range of bars.
- `ftype`: Determines the forecast type (Prediction or Replication) and adjusts the forecasting logic accordingly.
- `ftypediff`: Computes the difference between the forecasted and actual prices based on the selected forecast type.
- `ftypelim`, `ftypeleft`, `ftyperight`: Additional functions to adjust the calculation of the forecast based on the forecast type.
10. Conclusion:
The "ForecastPro" script is a unique tool for forecasting future price movements on TradingView. It compares historical price data with similar historical trends to generate predictions. The script also offers a customizable confidence cone and displays the probability of the forecast's accuracy. This tool provides traders with valuable insights into future price action, potentially enhancing decision-making in trading strategies.
---
This script provides advanced functionality for traders who wish to explore price forecasting, and can be customized to fit various trading styles.
Intrabar BoxPlotThe Intrabar BoxPlot publication highlights an uncommon technique by displaying statistical intrabar Lower Timeframe (LTF) values on the chart.
🔶 USAGE
🔹 Middle 50% Boxes
By showing the middle 50% intrabar values through a box, we can more easily see where the intrabar activity is mainly situated.
The middle 50% intrabar values are referred to from here on as Interquartile range (IQR).
In this example, the successive IQRs form a channel where the price eventually breaks out.
Disproportionately distributed values can give insights which can be used to find potential support/resistance areas.
IQR gaps can give valuable information as well. Potentially, the price can return to these gaps.
Seeing the IQR areas against regular candles gives an alternative image of the underlying price movements.
🔹 Highest volume Price level
The script displays the price level with the highest volume situated, dependable on the user's source setting. Setting the source at 'close' will only display intrabar close values; the same goes for high, low, ...
As seen in the above example, the volume levels can aid in finding support/resistance.
🔹 Median
The location of the median off all intrabar values is displayed as a coloured dot: green when the close price is higher than the opening price and red if otherwise. The median can give valuable insights into price movements.
🔹 Outliers
Medium (white dots) and extreme (white X) outliers, in combination with the IQR box, can help identify potential areas of interest.
🔹 Volume Delta
When there is a discrepancy between the delta volume and direction of the candle, this will be displayed as follows:
Green candle: when the sum of the volume of red intrabars is higher than the sum of the volume of green intrabars, the candle will be coloured orange.
Red candle: when the sum of the volume of green intrabars is higher than the sum of the volume of red intrabars, the candle will be coloured blue.
🔹 Highlight Boxplot only
Probably the easiest way to display boxplot only is by changing the Bar's style to Bars .
🔶 DETAILS
All intrabar values (Lower TimeFrame - LTF) are sorted and evaluated. Values can be close , high , low , ... by selecting this in Settings ( source ).
The middle 50% of all values are displayed as a box; this contains the values between percentile 25 (p25) and percentile 75 (p75). The value of percentile rank 75 means 75% of all values are lower. The value of percentile rank 25 means 25% of all values are lower, or 75% is higher.
The difference between p75 and p25 is also known as Interquartile range (IQR)
IQR is used to check for outliers.
Wiki: Boxplot , Interquartile range
Extreme high: maximum value, higher than p75 + IQR*3
Max outlier high: maximum value, higher than p75 + IQR*1.5 but lower than p75 + IQR*3
Max: maximum value, lower than p75 + IQR*1.5
Min: minimum value, higher than p25 - IQR*1.5
Min outlier low: minimum value, lower than p25 - IQR*1.5 but higher than p25 - IQR*3
Extreme low: minimum value, lower than p25 - IQR*3
Max and min must not be interpreted with the current candle high/low.
🔹 Example: Length of chart-puppets
The following example can make it easier to digest. Forty "chart-puppets" are sorted by their length.
The p25 value is 97
The p50 value is 120
The p75 value is 149
75% of all "chart-puppets" are smaller than p75, and 25% is larger than p75.
50% of all "chart-puppets" are smaller than p50, and 50% is larger than p50 (= median).
25% of all "chart-puppets" are smaller than p25, and 75% is larger than p25.
IQR = 149 - 97 = 52
Extreme outlier limit max: p75 + IQR*3 = 149 + 52*3 = 305
Mild outlier limit max: p75 + IQR*1.5 = 149 + 52*1.5 = 227
Mild outlier limit min: p25 - IQR*1.5 = 97 - 52*1.5 = 19
Extreme outlier limit min: p25 - IQR*3 = 97 - 52*3 = -59
In this example there are no outliers to be found, all values are located between p25 - IQR*1.5 (19) and p75 + IQR*1.5. (227)
🔹 Source settings
Note that results are dependable on the chosen source (settings). When, for example, close is chosen as the source, only intrabar close prices are included. This means a low or high can stretch further then the min or max.
Here we can see different results with different source settings
🔹 LTF settings
When 'Auto' is enabled (Settings, LTF), the LTF will be the nearest possible x times smaller TF than the current TF. When 'Premium' is disabled, the minimum TF will always be 1 minute to ensure TradingView plans lower than Premium don't get an error.
Examples with current Daily TF (when Premium is enabled):
500 : 3 minute LTF
1500 (default): 1 minute LTF
5000: 30 seconds LTF (1 minute if Premium is disabled)
🔶 SETTINGS
Source: Set source at close, high, low,...
🔹 LTF
LTF: LTF setting
Auto + multiple: Adjusts the initial set LTF
Premium: Enable when your TradingView plan is Premium or higher
🔹 Intrabar Delta : Colors, dependable on different circumstances.
Up: Price goes up, with more bullish than bearish intrabar volume.
Up-: Price goes up, with more bearish than bullish intrabar volume.
Down: Price goes down, with more bearish than bullish intrabar volume.
Down+: Price goes down, with more bullish than bearish intrabar volume.
🔹 Table
Show table: Show details at the top right corner
Show TF: Show LTF at the bottom right corner
Text color/table size
See DETAILS for more information
Smart DCA Strategy (Public)INSPIRATION
While Dollar Cost Averaging (DCA) is a popular and stress-free investment approach, I noticed an opportunity for enhancement. Standard DCA involves buying consistently, regardless of market conditions, which can sometimes mean missing out on optimal investment opportunities. This led me to develop the Smart DCA Strategy – a 'set and forget' method like traditional DCA, but with an intelligent twist to boost its effectiveness.
The goal was to build something more profitable than a standard DCA strategy so it was equally important that this indicator could backtest its own results in an A/B test manner against the regular DCA strategy.
WHY IS IT SMART?
The key to this strategy is its dynamic approach: buying aggressively when the market shows signs of being oversold, and sitting on the sidelines when it's not. This approach aims to optimize entry points, enhancing the potential for better returns while maintaining the simplicity and low stress of DCA.
WHAT THIS STRATEGY IS, AND IS NOT
This is an investment style strategy. It is designed to improve upon the common standard DCA investment strategy. It is therefore NOT a day trading strategy. Feel free to experiment with various timeframes, but it was designed to be used on a daily timeframe and that's how I recommend it to be used.
You may also go months without any buy signals during bull markets, but remember that is exactly the point of the strategy - to keep your buying power on the sidelines until the markets have significantly pulled back. You need to be patient and trust in the historical backtesting you have performed.
HOW IT WORKS
The Smart DCA Strategy leverages a creative approach to using Moving Averages to identify the most opportune moments to buy. A trigger occurs when a daily candle, in its entirety including the high wick, closes below the threshold line or box plotted on the chart. The indicator is designed to facilitate both backtesting and live trading.
HOW TO USE
Settings:
The input parameters for tuning have been intentionally simplified in an effort to prevent users falling into the overfitting trap.
The main control is the Buying strictness scale setting. Setting this to a lower value will provide more buying days (less strict) while higher values mean less buying days (more strict). In my testing I've found level 9 to provide good all round results.
Validation days is a setting to prevent triggering entries until the asset has spent a given number of days (candles) in the overbought state. Increasing this makes entries stricter. I've found 0 to give the best results across most assets.
In the backtest settings you can also configure how much to buy for each day an entry triggers. Blind buy size is the amount you would buy every day in a standard DCA strategy. Smart buy size is the amount you would buy each day a Smart DCA entry is triggered.
You can also experiment with backtesting your strategy over different historical datasets by using the Start date and End date settings. The results table will not calculate for any trades outside what you've set in the date range settings.
Backtesting:
When backtesting you should use the results table on the top right to tune and optimise the results of your strategy. As with all backtests, be careful to avoid overfitting the parameters. It's better to have a setup which works well across many currencies and historical periods than a setup which is excellent on one dataset but bad on most others. This gives a much higher probability that it will be effective when you move to live trading.
The results table provides a clear visual representation as to which strategy, standard or smart, is more profitable for the given dataset. You will notice the columns are dynamically coloured red and green. Their colour changes based on which strategy is more profitable in the A/B style backtest - green wins, red loses. The key metrics to focus on are GOA (Gain on Account) and Avg Cost.
Live Trading:
After you've finished backtesting you can proceed with configuring your alerts for live trading.
But first, you need to estimate the amount you should buy on each Smart DCA entry. We can use the Total invested row in the results table to calculate this. Assuming we're looking to trade on
BTCUSD
Decide how much USD you would spend each day to buy BTC if you were using a standard DCA strategy. Lets say that is $5 per day
Enter that USD amount in the Blind buy size settings box
Check the Blind Buy column in the results table. If we set the backtest date range to the last 10 years, we would expect the amount spent on blind buys over 10 years to be $18,250 given $5 each day
Next we need to tweak the value of the Smart buy size parameter in setting to get it as close as we can to the Total Invested amount for Blind Buy
By following this approach it means we will invest roughly the same amount into our Smart DCA strategy as we would have into a standard DCA strategy over any given time period.
After you have calculated the Smart buy size, you can go ahead and set up alerts on Smart DCA buy triggers.
BOT AUTOMATION
In an effort to maintain the 'set and forget' stress-free benefits of a standard DCA strategy, I have set my personal Smart DCA Strategy up to be automated. The bot runs on AWS and I have a fully functional project for the bot on my GitHub account. Just reach out if you would like me to point you towards it. You can also hook this into any other 3rd party trade automation system of your choice using the pre-configured alerts within the indicator.
PLANNED FUTURE DEVELOPMENTS
Currently this is purely an accumulation strategy. It does not have any sell signals right now but I have ideas on how I will build upon it to incorporate an algorithm for selling. The strategy should gradually offload profits in bull markets which generates more USD which gives more buying power to rinse and repeat the same process in the next cycle only with a bigger starting capital. Watch this space!
MARKETS
Crypto:
This strategy has been specifically built to work on the crypto markets. It has been developed, backtested and tuned against crypto markets and I personally only run it on crypto markets to accumulate more of the coins I believe in for the long term. In the section below I will provide some backtest results from some of the top crypto assets.
Stocks:
I've found it is generally more profitable than a standard DCA strategy on the majority of stocks, however the results proved to be a lot more impressive on crypto. This is mainly due to the volatility and cycles found in crypto markets. The strategy makes its profits from capitalising on pullbacks in price. Good stocks on the other hand tend to move up and to the right with less significant pullbacks, therefore giving this strategy less opportunity to flourish.
Forex:
As this is an accumulation style investment strategy, I do not recommend that you use it to trade Forex.
For more info about this strategy including backtest results, please see the full description on the invite only version of this strategy named "Smart DCA Strategy"
ATR/DTR with Custom Percentage DisplayThis Pine Script indicator provides a detailed view of the Average True Range (ATR) and Daily True Range (DTR), along with additional calculated metrics to assist in analyzing price volatility. The key features of the indicator include:
ATR Calculation:
The ATR is calculated over a user-defined timeframe, allowing traders to assess average market volatility over a specific period.
DTR Calculation:
The DTR represents the absolute range (high - low) of the current or chosen timeframe, providing insights into the day's price movement.
ATR/DTR Percentage:
This metric calculates the DTR as a percentage of the ATR, showing how the daily range compares to the average range, with dynamic coloring to highlight when it exceeds a user-defined threshold.
Custom Percentage of ATR:
Users can input a custom percentage to calculate and display a corresponding value of the ATR. For example, entering 15% will compute and display 15% of the ATR in the indicator’s table.
Dynamic Table Display:
The indicator outputs all these metrics in a well-organized table that is overlaid on the chart. The table includes:
ATR
DTR
ATR/DTR percentage
The user-defined percentage of ATR
Customizable Features:
Color Coding: The table dynamically changes its background color when the ATR/DTR percentage exceeds a user-defined threshold.
Placement Options: The table's position on the chart can be adjusted (e.g., bottom-right, top-center) for optimal visibility.
Use Case:
This indicator is ideal for traders who want a deeper understanding of market volatility and prefer visual representation of how current price movements compare to historical averages. It is especially useful for:
Setting volatility-based stop-loss levels.
Identifying high-volatility trading opportunities.
Tailoring strategies around price movement patterns.
Price Delivery Bias @MaxMaserati Price Delivery Bias (PDB) Indicator @ MaxMaserati
The Price Delivery Bias (PDB) indicator is a powerful tool designed to identify and track market structure shifts through price action analysis. It helps traders identify potential trend changes and continuation patterns by monitoring price delivery sequences.
Key Features:
- Automatically detects and labels Change of Delivery Long (CDL) and Change of Delivery Short (CDS) points
- Tracks subsequent Delivery sequences (LD1, LD2, LD3... for longs; SD1, SD2, SD3... for shorts)
- Dynamic support and resistance lines for active buyers and sellers
- Real-time bias status display with delivery count
- Customizable colors and display options
How It Works:
The indicator analyzes price action using fractal patterns to identify significant structural points where the market bias changes or continues. When price breaks above a key level, it marks a CDL (Change of Delivery Long), followed by subsequent long deliveries (LD1, LD2, etc.). Similarly, breaks below key levels are marked as CDS (Change of Delivery Short), followed by short deliveries (SD1, SD2, etc.).
Use Cases:
- Trend Direction: Identify potential trend changes through CDL and CDS signals
- Trend Strength: Monitor delivery sequences (LD/SD count) to gauge trend strength
- Support/Resistance: Track active buyer and seller levels
- Trade Management: Use delivery sequences for managing entries, stops, and targets
Customization Options:
- Adjust the look back period for structure detection
- Customize colors for long and short bias signals
- Toggle label visibility for CDL/CDS and delivery sequences
- Modify text size for better visibility
- Show/hide buyer and seller lines
- Customize table position and appearance
Settings Guide:
1. Length: Determines the look back period for structure detection (default: 5)
2. CDL/CDS Colors: Set colors for bullish and bearish signals
3. Label Controls: Toggle visibility of CDL/CDS and delivery labels
4. Text Size: Choose between Tiny, Small, and Normal for label text
5. Buyer/Seller Lines: Toggle and customize dashed lines showing active levels
6. Bias Table: Configure position and visibility of the status table
#### Pro Tips:
- Use the delivery count to gauge trend strength - higher counts often indicate stronger trends
- Watch for bias changes (CDL/CDS) after extended delivery sequences
- Combine with volume and momentum indicators for confirmation
- Use buyer/seller lines as dynamic support/resistance levels
- Monitor label sequences for potential exhaustion points
#### Notes:
- The indicator works best on higher timeframes (1H and above)
- Signals are more reliable in trending markets
- Multiple delivery sequences often indicate strong trend continuations
- Consider using with other indicators for confirmation
This indicator is ideal for both trend traders and swing traders who want to understand market structure and bias through price action analysis. It provides clear visual cues for potential trend changes and continuation patterns while offering extensive customization options to suit different trading styles.
Weekly Opening Range and Previous Data for FuturesThis indicator will not predict future price action.
This indicator is a time based range tool. These types of tools are great to use when there is not any historical data to look back on (as in all time highs/lows). The user can use this indicator to measure distributions, use deviations of the range to identify support/resistance levels, and see how historical price action influences current price action. This indicator is unique because it uses the price range from the open of the futures market on Sunday 18:00 America/New York to the open of the Bond Market 8:00 America/New York as the range for all calculations.
This indicator collects the multiple points of data from each day of the week, and gives the user many options on how to use the data that is collected. The amount of data collected is based on the time frame of the chart (best used on a 15 minute chart), but is limited to 30 minute charts.
Data Collected:
Opening Range for the week
High of Each Day
Low of Each Day
Close of Each Day
Initially the range is plotted on the chart as a box, when the Bond market opens the high/low/mid is plotted, as well as the current week open and previous week close.
How the data is used.
Intraday: Monday does not have a previous day to pull data on, so all data for Monday is intraday data. When a new high is made, the indicator will search all previous data in the lookback period for the current day , find all highs that are within a set variance (determined by the user), and plot the corresponding lows from the matching days. It will do the same for new lows that are made, with corresponding historical highs. All of these levels are plotted on the chart, as well as the Average High, Average Low. If price moves beyond either Average, the Average of all days that distributed higher than the Average is plotted on the chart as Min/Max Average.
Previous Day Data: Tuesday - Friday. After the close of the day, the user has the option to choose either the High, Low, or Close of that day to find previous data that matches within a variance determined by the user; or an option to find the n closest matches (up to 20). That data is then matched to the corresponding next day data and plotted on the chart as a box. Example: Monday closes at +1 Deviation (Dev) of the Weekly Opening Range (WOR). The user sets the variance at 0.5 (0.5 Dev of the WOR), the indicator will search the lookback period for all Mondays that closed between 1.25 Dev and 0.75 Dev of the WOR. The matching Mondays will then be matched to their corresponding Tuesdays and the data for the High and Low from those Tuesdays will be placed on the chart as a box overlaying the current Tuesday. Each match is numbered so that corresponding Highs and Lows of each historical day can be identified. The same can be done for either the High or Low of the Previous Day.
The indicator has a table that can be shown.
Data shown in table:
Current Extension of the WOR
Maximum Extension of the WOR
Average WOR in %
Current WOR in %
Average Range for the day in % based on data set
Current Range for the day in %
Number of days in the data set
Number of Previous Day Matches
Variance for previous day data
Number of Intraday High Matches
Number of Intraday Low Matches
Variance for Intraday Matches
The table as well as all lines and boxes have the option of being shown or not, as well as have their settings customized to fit the users chart layout.
As with any indicator, do not let the data shown change your trading model. Past performance is not indicative to future performance.
Simple Decesion Matrix Classification Algorithm [SS]Hello everyone,
It has been a while since I posted an indicator, so thought I would share this project I did for fun.
This indicator is an attempt to develop a pseudo Random Forest classification decision matrix model for Pinescript.
This is not a full, robust Random Forest model by any stretch of the imagination, but it is a good way to showcase how decision matrices can be applied to trading and within Pinescript.
As to not market this as something it is not, I am simply calling it the "Simple Decision Matrix Classification Algorithm". However, I have stolen most of the aspects of this machine learning algo from concepts of Random Forest modelling.
How it works:
With models like Support Vector Machines (SVM), Random Forest (RF) and Gradient Boosted Machine Learning (GBM), which are commonly used in Machine Learning Classification Tasks (MLCTs), this model operates similarity to the basic concepts shared amongst those modelling types. While it is not very similar to SVM, it is very similar to RF and GBM, in that it uses a "voting" system.
What do I mean by voting system?
How most classification MLAs work is by feeding an input dataset to an algorithm. The algorithm sorts this data, categorizes it, then introduces something called a confusion matrix (essentially sorting the data in no apparently order as to prevent over-fitting and introduce "confusion" to the algorithm to ensure that it is not just following a trend).
From there, the data is called upon based on current data inputs (so say we are using RSI and Z-Score, the current RSI and Z-Score is compared against other RSI's and Z-Scores that the model has saved). The model will process this information and each "tree" or "node" will vote. Then a cumulative overall vote is casted.
How does this MLA work?
This model accepts 2 independent variables. In order to keep things simple, this model was kept as a three node model. This means that there are 3 separate votes that go in to get the result. A vote is casted for each of the two independent variables and then a cumulative vote is casted for the overall verdict (the result of the model's prediction).
The model actually displays this system diagrammatically and it will likely be easier to understand if we look at the diagram to ground the example:
In the diagram, at the very top we have the classification variable that we are trying to predict. In this case, we are trying to predict whether there will be a breakout/breakdown outside of the normal ATR range (this is either yes or no question, hence a classification task).
So the question forms the basis of the input. The model will track at which points the ATR range is exceeded to the upside or downside, as well as the other variables that we wish to use to predict these exceedences. The ATR range forms the basis of all the data flowing into the model.
Then, at the second level, you will see we are using Z-Score and RSI to predict these breaks. The circle will change colour according to "feature importance". Feature importance basically just means that the indicator has a strong impact on the outcome. The stronger the importance, the more green it will be, the weaker, the more red it will be.
We can see both RSI and Z-Score are green and thus we can say they are strong options for predicting a breakout/breakdown.
So then we move down to the actual voting mechanisms. You will see the 2 pink boxes. These are the first lines of voting. What is happening here is the model is identifying the instances that are most similar and whether the classification task we have assigned (remember out ATR exceedance classifier) was either true or false based on RSI and Z-Score.
These are our 2 nodes. They both cast an individual vote. You will see in this case, both cast a vote of 1. The options are either 1 or 0. A vote of 1 means "Yes" or "Breakout likely".
However, this is not the only voting the model does. The model does one final vote based on the 2 votes. This is shown in the purple box. We can see the final vote and result at the end with the orange circle. It is 1 which means a range exceedance is anticipated and the most likely outcome.
The Data Table Component
The model has many moving parts. I have tried to represent the pivotal functions diagrammatically, but some other important aspects and background information must be obtained from the companion data table.
If we bring back our diagram from above:
We can see the data table to the left.
The data table contains 2 sections, one for each independent variable. In this case, our independent variables are RSI and Z-Score.
The data table will provide you with specifics about the independent variables, as well as about the model accuracy and outcome.
If we take a look at the first row, it simply indicates which independent variable it is looking at. If we go down to the next row where it reads "Weighted Impact", we can see a corresponding percent. The "weighted impact" is the amount of representation each independent variable has within the voting scheme. So in this case, we can see its pretty equal, 45% and 55%, This tells us that there is a slight higher representation of z-score than RSI but nothing to worry about.
If there was a major over-respresentation of greater than 30 or 40%, then the model would risk being skewed and voting too heavily in favour of 1 variable over the other.
If we move down from there we will see the next row reads "independent accuracy". The voting of each independent variable's accuracy is considered separately. This is one way we can determine feature importance, by seeing how well one feature augments the accuracy. In this case, we can see that RSI has the greatest importance, with an accuracy of around 87% at predicting breakouts. That makes sense as RSI is a momentum based oscillator.
Then if we move down one more, we will see what each independent feature (node) has voted for. In this case, both RSI and Z-Score voted for 1 (Breakout in our case).
You can weigh these in collaboration, but its always important to look at the final verdict of the model, which if we move down, we can see the "Model prediction" which is "Bullish".
If you are using the ATR breakout, the model cannot distinguish between "Bullish" or "Bearish", must that a "Breakout" is likely, either bearish or bullish. However, for the other classification tasks this model can do, the results are either Bullish or Bearish.
Using the Function:
Okay so now that all that technical stuff is out of the way, let's get into using the function. First of all this function innately provides you with 3 possible classification tasks. These include:
1. Predicting Red or Green Candle
2. Predicting Bullish / Bearish ATR
3. Predicting a Breakout from the ATR range
The possible independent variables include:
1. Stochastics,
2. MFI,
3. RSI,
4. Z-Score,
5. EMAs,
6. SMAs,
7. Volume
The model can only accept 2 independent variables, to operate within the computation time limits for pine execution.
Let's quickly go over what the numbers in the diagram mean:
The numbers being pointed at with the yellow arrows represent the cases the model is sorting and voting on. These are the most identical cases and are serving as the voting foundation for the model.
The numbers being pointed at with the pink candle is the voting results.
Extrapolating the functions (For Pine Developers:
So this is more of a feature application, so feel free to customize it to your liking and add additional inputs. But here are some key important considerations if you wish to apply this within your own code:
1. This is a BINARY classification task. The prediction must either be 0 or 1.
2. The function consists of 3 separate functions, the 2 first functions serve to build the confusion matrix and then the final "random_forest" function serves to perform the computations. You will need all 3 functions for implementation.
3. The model can only accept 2 independent variables.
I believe that is the function. Hopefully this wasn't too confusing, it is very statsy, but its a fun function for me! I use Random Forest excessively in R and always like to try to convert R things to Pinescript.
Hope you enjoy!
Safe trades everyone!
Predict Trend [Cometreon]Predict Trend is a forward-looking indicator that compares the current market trend with historical patterns, providing statistically based forecasts. Using advanced algorithms, it continuously scans for price behaviors similar to those in the past and projects average outcomes based on those patterns.
This innovative approach offers traders a powerful tool to anticipate market movements, refine strategies, and make data-driven decisions.
🔷 Key Features
🟩 Historical Pattern Analysis:
The indicator identifies and compares the current trend with similar historical patterns, providing predictions based on concrete and historical data.
🟩 Customizable Precision:
Offers the ability to adjust various parameters such as distance and percentage variation between levels, improving the accuracy of pattern search.
🟩 Historical Average-Based Predictions:
Displays the predicted movement based on the average of all historical patterns found, allowing for informed trading decisions.
🟩 Specific Pattern Search:
In addition to automatic search based on the active trend, Predict allows searching for specific patterns by manually entering the necessary data for analysis.
🟩 Forecast Visualization:
Provides a detailed table with all values found and a line representing the average of results, offering a clear view of predictions based on historical data.
🔷 Technical Details and Customizable Inputs
1️⃣ Precision Parameters - Allows adjusting the length of levels, pattern precision, and the number of subsequent values to obtain after identifying historical patterns.
2️⃣ Specific Pattern Search - Allows manual data entry to search for specific patterns, offering greater flexibility in analysis.
3️⃣ Timeframe - Predict works on any timeframe, with greater precision on higher timeframes.
4️⃣ Chart Compatibility - It is compatible with all chart types, allowing analysis and comparison of historical patterns regardless of the chart type used.
5️⃣ Level 1 - First correlation level for patterns. "Last Bar to Check" allows choosing the number of Pivots to check for searching patterns in the past with the same values (e.g., HH, LL, LH, and HL).
6️⃣ Level 2 - Checks the candle distance between each level. "Error Value Up-Down" allows adding a margin value between distances.
7️⃣ Level 3 - Verifies the percentage distance between levels. "Error Percent" allows adding an error margin to the percentage distance.
8️⃣ Bar to Have - Determines how many values after each pattern to display in the table.
9️⃣ Timezone - Enter the chart's time zone to display the precise start time of the pattern.
🔟 Manual Search - Allows searching for specific patterns by manually entering up to 8 values, including special values such as:
High Value : "HH" (Higher High) or "LH" (Lower High)
Low Value : "LL" (Lower Low) or "HL" (Higher Low)
Top / Bottom : "HH" or "LL"
Mid Level : "LH" or "HL"
1️⃣1️⃣ Approximate Trend - Shows a trend based on the average of values for each pattern in each section. Allows customizing up to 4 colors, line thickness, and style.
1️⃣2️⃣ Pattern Table - Shows the values of identified patterns. You can customize the number of patterns to show, display order, position, size, and table style.
1️⃣3️⃣ Displayed Elements - Customize elements shown on the table, such as Number, Date, or subsequent Swing values.
1️⃣4️⃣ Style Label - Modify the visual appearance of labels by selecting colors for background and text.
These options allow optimizing the indicator for different trading styles and market conditions, ensuring accurate and customized technical analysis.
🔍 How to Use Predict Trend
📌 Past Movement Analysis
Use the patterns found to compare past movements with the current trend, gaining a clear vision of possible future directions.
📊 Using Value Averages
Analyze the average of values from found patterns to get a more direct and synthetic view of past market behavior.
🎯 Specific Pattern Search
In addition to automatic search based on the active trend, Predict allows searching for specific patterns by entering the necessary data for targeted analysis.
☄️ With Predict Trend , you can simplify your market analysis, saving time and improving the accuracy of your decisions with predictions based on concrete and verifiable historical data.
Don't waste any more time and take advantage of the precision of historical pattern analysis to gain a competitive edge in the market.
Forex Heatmap█ OVERVIEW
This indicator creates a dynamic grid display of currency pair cross rates (exchange rates) and percentage changes, emulating the Cross Rates and Heat Map widgets available on our Forex page. It provides a view of realtime exchange rates for all possible pairs derived from a user-specified list of currencies, allowing users to monitor the relative performance of several currencies directly on a TradingView chart.
█ CONCEPTS
Foreign exchange
The Foreign Exchange (Forex/FX) market is the largest, most liquid financial market globally, with an average daily trading volume of over 5 trillion USD. Open 24 hours a day, five days a week, it operates through a decentralized network of financial hubs in various major cities worldwide. In this market, participants trade currencies in pairs , where the listed price of a currency pair represents the exchange rate from a given base currency to a specific quote currency . For example, the "EURUSD" pair's price represents the amount of USD (quote currency) that equals one unit of EUR (base currency). Globally, the most traded currencies include the U.S. dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), and Australian dollar (AUD), with USD involved in over 87% of all trades.
Understanding the Forex market is essential for traders and investors, even those who do not trade currency pairs directly, because exchange rates profoundly affect global markets. For instance, fluctuations in the value of USD can impact the demand for U.S. exports or the earnings of companies that handle multinational transactions, either of which can affect the prices of stocks, indices, and commodities. Additionally, since many factors influence exchange rates, including economic policies and interest rate changes, analyzing the exchange rates across currencies can provide insight into global economic health.
█ FEATURES
Requesting a list of currencies
This indicator requests data for every valid currency pair combination from the list of currencies defined by the "Currency list" input in the "Settings/Inputs" tab. The list can contain up to six unique currency codes separated by commas, resulting in a maximum of 30 requested currency pairs.
For example, if the specified "Currency list" input is "CAD, USD, EUR", the indicator requests and displays relevant data for six currency pair combinations: "CADUSD", "USDCAD", "CADEUR", "EURCAD", "USDEUR", "EURUSD". See the "Grid display" section below to understand how the script organizes the requested information.
Each item in the comma-separated list must represent a valid currency code. If the "Currency list" input contains an invalid currency code, the corresponding cells for that currency in the "Cross rates" or "Heat map" grid show "NaN" values. If the list contains empty items, e.g., "CAD, ,EUR, ", the indicator ignores them in its data requests and calculations.
NOTE: Some uncommon currency pair combinations might not have data feeds available. If no available symbols provide the exchange rates between two specified currencies, the corresponding table cells show "NaN" results.
Realtime data
The indicator retrieves realtime market prices, daily price changes, and minimum tick sizes for all the currency pairs derived from the "Currency list" input. It updates the retrieved information shown in its grid display after new ticks become available to reflect the latest known values.
NOTE: Pine scripts execute on realtime bars only when new ticks are available in the chart's data feed. If no new updates are available from the chart's realtime feed, it may cause a delay in the data the indicator receives.
Grid display
This indicator displays the requested data for each currency pair in a table with cells organized as a grid. Each row name corresponds to a pair's base currency , and each column name corresponds to a quote currency . The cell at the intersection of a specific row and column shows the value requested from the corresponding currency pair.
For example, the cell at the intersection of a "EUR" row and "USD" column shows the data retrieved for the "EURUSD" currency pair, and the cell at the "USD" row and "EUR" column shows data for the inverse pair ("USDEUR").
Note that the main diagonal cells in the table, where rows and columns with the same names intersect, are blank. The exchange rate from one currency to itself is always 1, and no Forex symbols such as "EUREUR" exist.
The dropdown input at the top of the "Settings/Inputs" tab determines the type of information displayed in the table. Two options are available: "Cross rates" and "Heat map" . Both modes color their cells for light and dark themes separately based on the inputs in the "Colors" section.
Cross rates
When a user selects the "Cross rates" display mode, the table's cells show the latest available exchange rate for each currency pair, emulating the behavior of the Cross Rates widget. Each cell's value represents the amount of the quote currency (column name) that equals one unit of the base currency (row name). This display allows users to compare cross rates across currency pairs, and their inverses.
The background color of each cell changes based on the most recent update to the exchange rate, allowing users to monitor the direction of short-term fluctuations as they occur. By default, the background turns green (positive cell color) when the cross rate increases from the last recorded update and red (negative cell color) when the rate decreases. The cell's color reverts to the chart's background color after no new updates are available for 200 milliseconds.
Heat map
When a user selects the "Heat map" display mode, the table's cells show the latest daily percentage change of each currency pair, emulating the behavior of the Heat Map widget.
In this mode, the background color of each cell depends on the corresponding currency pair's daily performance. Heat maps typically use colors that vary in intensity based on the calculated values. This indicator uses the following color coding by default:
• Green (Positive cell color): Percentage change > +0.1%
• No color: Percentage change between 0.0% and +0.1%
• Bright red (Negative cell color): Percentage change < -0.1%
• Lighter/darker red (Minor negative cell color): Percentage change between 0.0% and -0.1%
█ FOR Pine Script™ CODERS
• This script utilizes dynamic requests to iteratively fetch information from multiple contexts using a single request.security() instance in the code. Previously, `request.*()` functions were not allowed within the local scopes of loops or conditional structures, and most `request.*()` function parameters, excluding `expression`, required arguments of a simple or weaker qualified type. The new `dynamic_requests` parameter in script declaration statements enables more flexibility in how scripts can use `request.*()` calls. When its value is `true`, all `request.*()` functions can accept series arguments for the parameters that define their requested contexts, and `request.*()` functions can execute within local scopes. See the Dynamic requests section of the Pine Script™ User Manual to learn more.
• Scripts can execute up to 40 unique `request.*()` function calls. A `request.*()` call is unique only if the script does not already call the same function with the same arguments. See this section of the User Manual's Limitations page for more information.
• Typically, when requesting higher-timeframe data with request.security() using barmerge.lookahead_on as the `lookahead` argument, the `expression` argument should use the history-referencing operator to offset the series, preventing lookahead bias on historical bars. However, the request.security() call in this script uses barmerge.lookahead_on without offsetting the `expression` because the script only displays results for the latest historical bar and all realtime bars, where there is no future information to leak into the past. Instead, using this call on those bars ensures each request fetches the most recent data available from each context.
• The request.security() instance in this script includes a `calc_bars_count` argument to specify that each request retrieves only a minimal number of bars from the end of each symbol's historical data feed. The script does not need to request all the historical data for each symbol because it only shows results on the last chart bar that do not depend on the entire time series. In this case, reducing the retrieved bars in each request helps minimize resource usage without impacting the calculated results.
Look first. Then leap.
Portfolio SnapShot v0.3Here is a Tradingview Pinescript that I call "Portfolio Snapshot". It is based on two other separate scripts that I combined, modified and simplified - shoutout to RedKTrader (Portfolio Tracker - Table Version) and FriendOfTheTrend (Portfolio Tracker For Stocks & Crypto) for their inspiration and code. I was using both of these scripts, and decided to combine the two and increase the number of stocks to 20. I was looking for an easy way to track my entire portfolio (scattered across 5 accounts) PnL on a total and stock basis. PnL - that's it, very simple by design. The features are:
1) Track PnL across multiple accounts, from inception and current day.
2) PnL is reported in two tables, at the portfolio level and individual stock level
3) Both tables can be turned on/off and placed anywhere on the chart.
4) Input up to 20 assets (stocks, crypto, ETFs)
The user has to manually calculate total shares and average basis for stocks in multiple accounts, and then inputs this in the user input dialog. I update mine as each trade is made, or you can just update once a week or so.
I've pre-loaded it with the major indices and sector ETFs, plus URA, GLD, SLV. 100 shares of each, and prices are based on the close Jan 2 2024. So if you don't want to track your portfolio, you can use it to track other things you find interesting, such as annual performance of each sector.
MTF RSI+CMO PROThis RSI+CMO script combines the Relative Strength Index (RSI) and Chande Momentum Oscillator (CMO), providing a powerful tool to help traders analyze price momentum and spot potential turning points in the market. Unlike using RSI alone, the CMO (especially with a 14-period length) moves faster and accentuates price pops and dips in the histogram, making price shifts more apparent.
Indicator Features:
➡️RSI and CMO Combined: This indicator allows traders to track both RSI and CMO values simultaneously, highlighting differences in their movement. RSI and CMO values are both plotted on the histogram, while CMO values are also drawn as a line moving through the histogram, giving a visual representation of their relationship. The often faster-moving CMO accentuates short-term price movements, helping traders spot subtle shifts in momentum that the RSI might smooth out.
➡️Multi-Time Frame Table: A real-time, multi-time frame table displays RSI and CMO values across various timeframes. This gives traders an overview of momentum across different intervals, making it easier to spot trends and divergences across short and long-term time frames.
➡️Momentum Chart Label: A chart label compares the current RSI and CMO values with values from 1 and 2 bars back, providing an additional metric to gauge momentum. This feature allows traders to easily see if momentum is increasing or decreasing in real-time.
➡️RSI/CMO Bullish and Bearish Signals: Colored arrow plot shapes (above the histogram) indicate when RSI and CMO values are signaling bullish or bearish conditions. For example, green arrows appear when RSI is above 65, while purple arrows show when RSI is below 30 and CMO is below -40, indicating strong bearish momentum.
➡️Divergences in Histogram: The histogram can make it easier for traders to spot divergences between price and momentum. For instance, if the price is making new highs but the RSI or CMO is not, a bearish divergence may be forming. Similarly, bullish divergences can be spotted when prices are making lower lows while RSI or CMO is rising.
➡️Alert System: Alerts are built into the indicator and will trigger when specific conditions are met, allowing traders to stay informed of potential entry or exit points based on RSI and CMO levels without constantly monitoring the chart. These are set manually. Look for the 3 dots in the indicator name.
How Traders Can Use the Indicator:
💥Identifying Momentum Shifts: The RSI+CMO combination is ideal for spotting momentum shifts in the market. Traders can monitor the histogram and the CMO line to determine if the market is gaining or losing strength.
💥Confirming Trade Entries/Exits: Use the real-time RSI and CMO values across multiple time frames to confirm trades. For instance, if the 1-hour RSI is above 70 but the 1-minute RSI is turning down, it could indicate short-term overbought conditions, signaling a potential exit or reversal.
💥Spotting Divergences: Divergences are critical for predicting potential reversals. The histogram can be used to spot divergences when RSI and CMO values deviate from price action, offering an early signal of market exhaustion.
💥Tracking Multi-Time Frame Trends: The multi-time frame table provides insight into the market’s overall trend across several timeframes, helping traders ensure their decisions align with both short and long-term trends.
RSI vs. CMO: Why Use Both?
While both RSI and CMO measure momentum, the CMO often moves faster with a value of 14 for example, reacting to price changes more quickly. This makes it particularly effective for detecting sharp price movements, while RSI helps smooth out price action. By using both, traders get a clearer picture of the market's momentum, particularly during volatile periods.
Confluence and Price Fluidity:
One of the powerful ways to enhance the effectiveness of this indicator is by using it in conjunction with other technical analysis tools to create confluence. Confluence occurs when multiple indicators or price action signals align, providing stronger confirmation for a trade decision. For example:
🎯Support and Resistance Levels: Traders can use RSI+CMO in combination with key support and resistance zones. If the price is nearing a support level and RSI+CMO values start to signal a bullish reversal, this alignment strengthens the case for entering a long position.
🎯Moving Averages: When the RSI+CMO signals a potential trend reversal and this is confirmed by a crossover in moving averages (such as a 50-day and 200-day moving average), traders gain additional confidence in the trade direction.
🎯Momentum Indicators: Traders can also look for momentum indicators like the MACD to confirm the strength of a trend or potential reversal. For instance, if the RSI+CMO values start to decrease rapidly while both the RSI+CMO also shows overbought conditions, this could provide stronger confirmation to exit a long trade or enter a short position.
🎯Candlestick Patterns: Price fluidity can be monitored using candlestick formations. For example, a bearish engulfing pattern with decreasing RSI+CMo values offers confluence, adding confidence to the signal to close or short the trade.
By combining the MTF RSI+CMO PRO with other tools, traders ensure that they are not relying on a single indicator. This layered approach can reduce the likelihood of false signals and improve overall trading accuracy.
NYSE UVOL RatioThis Pine Script is designed to monitor and display the ratio of advancing volume (UVOL) to declining volume (DVOL) on the NYSE in real-time on your TradingView charts. Here's a breakdown of what each part of the script does:
Indicator Declaration: The script starts by declaring an indicator called "NYSE UVOL" with the option to overlay it directly on the price chart. This allows you to see the volume ratio in context with price movements.
Volume Data Fetching:
Advancing Volume (UVOL): It retrieves the closing value of the advancing volume from the NYSE.
Declining Volume (DVOL): It fetches the closing value of the declining volume.
Ratio Calculation:
The script calculates the ratio of advancing to declining volume. To avoid division by zero, it checks if the declining volume is not zero before performing the division.
Color Coding:
The script assigns a color to the ratio value based on set thresholds:
Red for a ratio less than 1 (more declining than advancing volume).
White for ratios between 1 and 2.
Lime for ratios between 2 and 3.
Green for ratios above 3.
Display Table:
A table is created in the top-right corner of the chart to display the current ratio value.
It updates this table with the latest ratio value at each new bar, displaying the ratio with appropriate color coding for quick reference.
This script provides a visual and numerical representation of market sentiment based on volume data, aiding traders in assessing the balance between buying and selling pressure.
Market Trades PinescriptlabsThis algorithm is designed to emulate the true order book of exchanges by showing the quantity of transactions of an asset in real-time, while identifying patterns of high activity and volatility in the market through the analysis of volume and price movements. 📈 Below, I explain how to understand and use the information provided by the chart, along with the trades table:
Identification of High Activity Zones 🚀
The algorithm calculates the average volume and the rate of price change to detect areas with spikes in activity. This is visualized on the chart with labels "Volatility Spike Buy" and "Volatility Spike Sell":
Volatility Spike Buy: Indicates an unusual increase in volatility in the buying market, suggesting a potential surge in buying interest. 🟢
Volatility Spike Sell: Signals an increase in volatility in the selling market, which may indicate selling pressure or a sudden massive sell-off. 🔴
Market Trades Table 📋
The table provides a detailed view of the latest trades:
Price: Displays the price at which each trade was executed. 💵
Quantity (Traded): Indicates the amount of the asset traded. 💰
Type of Trade (Buy/Sell): Differentiates between buy (Buy) and sell (Sell) operations based on volume and strength. 🔄
Date and Time: Refers to the start of the calculated trading candle. ⏰
Recency: Identifies the most recent trade to facilitate tracking of current activity. 🔍
Analysis of Trade Imbalance ⚖️
The imbalance between buys and sells is calculated based on the volume of both. This indicator helps to understand whether the market has a tendency toward buying or selling, showing if there is greater strength on one side of the market.
A positive imbalance suggests more buying pressure. 📊
A negative imbalance indicates greater selling pressure. 📉
Volume Presentation
Visualizes the volume of buying and selling in the market, allowing the identification of buying or selling strength through the size of the volume candle. 🔍
Español :
"Este algoritmo está diseñado para emular el verdadero libro de órdenes de los intercambios al mostrar la cantidad de transacciones de un activo en tiempo real, mientras identifica patrones de alta actividad y volatilidad en el mercado a través del análisis de volumen y movimientos de precios. 📈 A continuación, explico cómo entender y usar la información proporcionada por el gráfico, junto con la tabla de operaciones:"
Identificación de Zonas de Alta Actividad 🚀
El algoritmo calcula el volumen promedio y la velocidad de cambio de precio para detectar zonas con picos de actividad. Esto se visualiza en el gráfico con etiquetas de "Volatility Spike Buy" y "Volatility Spike Sell":
Volatility Spike Buy: Indica un incremento inusual de volatilidad en el mercado de compra, sugiriendo un posible interés de compra elevado. 🟢
Volatility Spike Sell: Señala un incremento de volatilidad en el mercado de venta, lo cual puede indicar presión de venta o una venta masiva repentina. 🔴
Tabla de Operaciones en el Mercado (Market Trades) 📋
La tabla proporciona una vista detallada de las últimas operaciones:
Precio: Muestra el precio al cual se realizó cada operación. 💵
Cantidad (Transaccionada): Indica la cantidad del activo transaccionada. 💰
Tipo de operación (Buy/Sell): Diferencia entre operaciones de compra (Buy) y de venta (Sell), dependiendo del volumen y fuerza. 🔄
Fecha y Hora: Refleja el inicio de la vela de negociación calculada. ⏰
Recency: Identifica la operación más reciente para facilitar el seguimiento de la actividad actual. 🔍
Análisis de Desequilibrio de Operaciones (Imbalance) ⚖️
El desequilibrio entre compras y ventas se calcula con base en el volumen de ambas. Este indicador ayuda a entender si el mercado tiene una tendencia hacia la compra o venta, mostrando si hay una mayor fuerza en uno de los lados del mercado.
Un desequilibrio positivo sugiere más presión de compra. 📊
Un desequilibrio negativo indica mayor presión de venta. 📉
Presentación en Volumen
Visualiza el volumen de compra y venta en el mercado, permitiendo identificar mediante el tamaño de la vela de volumen la fuerza, ya sea compradora o vendedora. 🔍
Risk Manage Position SizerThis is a risk management tool for traders. It calculates position sizes based on account balance and risk tolerance, and provides automated stop-loss suggestions. The script displays key information in a small table on the chart and plots important price levels.
How to use it:
Input Parameters:
Account Size: Enter your total trading account balance.
Risk Percentage: Set the percentage of your account you're willing to risk per trade.
Use Custom Stop Loss: Toggle this to use a manually entered stop loss price.
Custom Stop Loss Price: If enabled, enter your desired stop loss price.
Reading the Table:
The table displays:
Current Price
Stop Loss Price
Total Position Size (number of shares/contracts to trade)
1/3 Position Size (for scaling in/out)
Auto Stop 1, 2, and 3 (suggested stop loss levels)
Chart Indicators:
Red Line: Your stop loss level
Green Line: Auto Stop 1 (33% of range from entry to stop)
Yellow Line: Auto Stop 2 (67% of range)
Red Line: Auto Stop 3 (final stop, same as initial stop loss)
Trading Application:
Use the Total Position Size to determine how many shares/contracts to trade.
Consider using the 1/3 Position Size for scaling in or out of trades.
Use the Auto Stops to manage your risk as the trade progresses.
Customization:
Adjust the input parameters to fit your trading style and risk tolerance.
The script can be modified to add more features or change the calculation methods if needed.
This tool helps traders make more informed decisions about position sizing and stop placement, potentially improving risk management in their trading strategy. Remember, while this script provides suggestions, all trading decisions should be made based on your own analysis and risk tolerance.
Trend, Momentum and Price value analysis Extended [deepakks444]Trend, Momentum, and Price Value Analysis Extended
This Pine Script™ indicator is designed to offer traders a comprehensive overview of price trends, momentum, and market strength through the use of several widely-recognized technical analysis tools. The indicator integrates multiple signals and plots directly on the chart, as well as a customizable table to help visually organize and interpret the data. Here’s an overview of the key features included:
Key Features:
VWAP (Volume-Weighted Average Price): Calculates the average price weighted by volume to give insight into whether the price is above or below the market's fair value.
Alligator Indicator: Uses a combination of three moving averages (jaw, teeth, and lips) to help identify trending conditions.
Supertrend: A trend-following indicator that signals potential buy or sell opportunities based on price movements relative to a dynamically calculated support/resistance line.
20-period Moving Average (MA): A basic moving average to smooth out price data and highlight the underlying trend.
MACD (Moving Average Convergence Divergence): Helps identify changes in the strength, direction, and momentum of a trend.
Volume with Moving Average: Compares current volume against its moving average to identify potential volume spikes.
RSI (Relative Strength Index): Measures the speed and change of price movements, signaling overbought or oversold conditions.
ADX (Average Directional Index): An indicator used to quantify trend strength, helping traders determine whether the market is trending or in a range.
Pivot Points: Calculates daily pivot points and identifies support and resistance levels based on price movements.
Bollinger Bands: A volatility indicator that uses standard deviation to highlight potential overbought or oversold conditions.
Customization Options:
Modify the length of the price and volume moving averages.
Adjust RSI thresholds for buy and sell signals.
Set the thresholds for ADX to differentiate between weak, average, and strong trends.
Toggle the visibility of the 20-period MA and Supertrend on the chart.
Choose to display the percentage difference between the current price and indicator values in the table.
Table Display:
The indicator includes a table that summarizes the status of all signals, showing:
Signal (Buy/Sell/Neutral): Based on each indicator's interpretation of price action.
Percentage Difference: Optional display of how far the price is from the reference level (e.g., the difference between the price and VWAP, Supertrend line, or Moving Average).
The table allows traders to quickly assess the current market conditions across several indicators in one place, making it easier to gauge overall market sentiment.
Signal Logic:
This indicator uses a scoring system to calculate the percentage of indicators signaling a buy or sell. If the buy or sell score reaches 70% or higher, the indicator will plot buy or sell signals on the chart. The combined signal logic is displayed in the table as "Buy," "Sell," or "No Signal," based on the majority of the contributing indicators.
Intended Use:
This tool is designed to assist traders in their technical analysis by consolidating multiple popular indicators into one script. It provides a clear visual representation of various market signals, helping traders to make informed decisions about potential trade entries and exits. However, this indicator is for educational purposes and should not be used as financial advice. Traders should always use proper risk management and conduct their own research before making any trading decisions.
Disclaimer: This script is for educational purposes only and does not constitute financial advice. Trading involves risk, and past performance of an indicator does not guarantee future results. Please use it alongside proper risk management practices.
MTF SqzMom [tradeviZion]Credits:
John Carter for creating the TTM Squeeze and TTM Squeeze Pro.
Lazybear for the original interpretation of the TTM Squeeze: Squeeze Momentum Indicator.
Makit0 for evolving Lazybear's script by incorporating TTM Squeeze Pro upgrades – Squeeze PRO Arrows.
MTF SqzMom - Multi-Timeframe Squeeze & Momentum Tool
MTF SqzMom is a tool designed to help traders easily monitor squeeze and momentum signals across multiple timeframes in a simple, organized format. Built using Pine Script 5, it ensures that data remains consistent, even when switching between different time intervals on the chart.
Key Features:
Multi-Timeframe Monitoring: Track squeeze and momentum signals across various timeframes, all in one view. This includes key timeframes like 1-minute, 5-minute, hourly, and daily.
Dynamic Table Display: A color-coded table that automatically adjusts based on the selected timeframes, offering a clear view of market conditions.
Alerts for Key Market Events: Get notifications when a squeeze starts or fires across your chosen timeframes, so you can stay informed without needing to monitor the chart continuously.
Customizable Appearance: Tailor the look of the table by selecting colors for squeeze levels and momentum shifts, and choose the best position on your chart for easy access.
How It Works:
MTF SqzMom is based on the concept of the squeeze, which signals periods of lower volatility where price breakouts may occur. The tool tracks this by monitoring the contraction of Bollinger Bands within Keltner Channels. Along with this, it provides momentum analysis to help you gauge the potential direction of the market after a squeeze.
Squeeze Conditions: The script tracks four levels of squeeze conditions (no squeeze, low, mid, and high), each represented by a different color in the table.
Momentum Analysis: Momentum is visually represented by colors indicating four stages: up increasing, up decreasing, down increasing, and down decreasing. This color coding helps you quickly assess whether the market is gaining or losing momentum.
Using Alerts:
You can enable two types of alerts: when a squeeze starts (indicating consolidation) and when a squeeze fires (indicating a breakout). These alerts cover all timeframes you’ve selected, so you never miss important signals.
How to Set It Up:
1. Enable Alerts in Settings: Turn on "Alert for Squeeze Start" and "Alert for Squeeze Fire" in the settings.
2. Add Alerts to Your Chart:
Click the three dots next to the indicator name.
Select "Add alert on tradeviZion - MTF SqzMom."
3. Customize and Save: Adjust alert options, choose your notification type, and click "Create."
Why Use MTF SqzMom ?
Consistent Data: The tool ensures that squeeze and momentum data remain consistent, even when you switch between chart intervals.
Real-Time Alerts: Stay updated with alerts for squeeze conditions without needing to constantly watch the chart.
Simple to Use, Customizable to Fit: You can easily adjust the table’s look and choose the timeframes and colors that best suit your trading style.
Acknowledgment:
While this tool builds on the TTM Squeeze concept developed by John Carter of Simpler Trading, it offers added flexibility through multi-timeframe analysis, alerts, and customizability to make monitoring market conditions more accessible.
Multi-Symbol Volume Increase Screener [CHE] MultiSymbol Volume Increase Screener
Designed for TradingView
Presented by Chervolino
Introduction
Welcome to the presentation of the MultiSymbol Volume Increase Screener—a powerful tool designed to enhance your trading strategy on TradingView. Developed at the request of jscott143, this screener provides traders with realtime insights into significant volume movements across multiple symbols, enabling more informed and timely trading decisions.
Purpose and Objectives
Identify HighVolume Opportunities: Detect symbols experiencing a significant increase in volume compared to their historical average.
Monitor Multiple Symbols Simultaneously: Efficiently track up to five symbols in one view.
RealTime Alerts: Receive instant notifications when predefined volume conditions are met.
Comprehensive Overview: Display volume data and percentage increases in an organized table for easy analysis.
Key Features
1. MultiSymbol Monitoring
Track up to five different symbols simultaneously.
Customize the list of symbols based on your trading portfolio.
2. Volume Analysis
Compare current candle volume against the average volume over a specified period.
Calculate and display the percentage increase in volume.
3. RealTime Alerts
Set a volume increase multiplier (e.g., 1.5x) to trigger alerts.
Receive alerts via email, popup, or SMS when conditions are met.
4. UserFriendly Table Display
View symbols, their current volume, and percentage increase in a clear, concise table.
Colorcoded indicators highlight significant volume changes.
5. Customizable Parameters
Adjust the average volume period to suit different trading strategies.
Set your preferred volume increase multiplier for alerts.
How It Works
1. User Inputs:
Symbols Selection: Choose up to five symbols you wish to monitor.
Average Volume Period: Define the number of bars over which the average volume is calculated (default is 20).
Volume Increase Multiplier: Set the threshold for volume increase to trigger alerts (default is 1.5x).
2. Volume Calculation:
The screener fetches the current volume and calculates the simple moving average (SMA) of volume over the defined period for each symbol.
It then determines if the current volume exceeds the average volume by the specified multiplier.
3. Data Display:
A table is generated on the chart displaying each symbol, its current volume, and the percentage increase.
Green text indicates that the volume increase condition has been met.
4. Alert Generation:
When a symbol's current volume surpasses the average volume by the set multiplier, an alert is triggered.
Alerts are customizable and can be set to notify you through various channels.
Benefits
Enhanced DecisionMaking: Quickly identify highvolume trading opportunities across multiple assets.
Time Efficiency: Monitor several symbols without the need to switch between charts.
Proactive Trading: Stay informed with realtime alerts, allowing for timely trading actions.
Customization: Tailor the screener settings to align with your unique trading strategies and preferences.
Setup Instructions
1. Add the Screener to TradingView:
Navigate to TradingView and open the Pine Editor.
Add the MultiSymbol Volume Increase Screener indicator to your chart.
Save and apply the indicator.
2. Configure User Inputs:
Select up to five symbols you wish to monitor in the input fields "Symbol 1" to "Symbol 5".
Adjust the "Average Volume Period" and "Volume Increase Multiplier" as needed.
3. Set Up Alerts:
Click on the Alarm icon (🔔) in the TradingView toolbar.
In the "Condition" dropdown, select the "MultiSymbol Volume Increase Screener".
Choose the specific alert condition for each symbol (e.g., "Volume Increase Alert for Symbol 1").
Configure the alert actions (e.g., email, popup, SMS) and click "Create".
Repeat this process for each symbol you wish to monitor.
Visual Demonstration
Table Display Example:
| Symbol | Volume | % Increase |
| AAPL | 150,000 | 50.00% |
| MSFT | 120,000 | 20.00% |
| GOOGL | 180,000 | 80.00% |
| AMZN | 130,000 | 30.00% |
| TSLA | 160,000 | 60.00% |
Green Text: Indicates that the volume increase condition has been met for that symbol.
Alert Notification Example:
```
🚀 Symbol 1 shows a volume increase!
```
Note: Replace "Symbol 1" with the actual symbol as per your configuration.
Customization Options
Increase the Number of Symbols:
While the current screener monitors five symbols, it can be extended to monitor more by adding additional input fields and corresponding calculations. However, be mindful of TradingView's Pine Script limitations and potential performance impacts.
Adjust Volume Period and Multiplier:
Tailor the "Average Volume Period" and "Volume Increase Multiplier" to align with your specific trading strategies and market conditions.
Enhance Table Information:
Incorporate additional data points such as current price, price change percentage, or other technical indicators to enrich your analysis.
Benefits of Using the Screener
Efficiency: Saves time by providing a consolidated view of multiple symbols' volume activity.
Proactive Trading: Enables you to act swiftly on significant volume movements, which often precede price changes.
DataDriven Decisions: Facilitates informed trading decisions based on realtime volume analysis.
Customization: Offers flexibility to adapt the screener to various trading styles and preferences.
Conclusion
The MultiSymbol Volume Increase Screener is an invaluable tool for traders looking to capitalize on significant volume movements across multiple assets. Developed at the request of jscott143, this screener integrates seamlessly with TradingView, providing realtime insights and alerts to enhance your trading strategy.
Q&A
Feel free to ask any questions or request further customization to better suit your trading needs.
Contact Information
Created for: jscott143
Thank you for your attention!
Descriptive Backtesting Framework (DBF)As the name suggests, this is a backtesting framework made to offer full backtesting functionality to any custom indicator in a visually descriptive way.
Any trade taken will be very clear to visualize on the chart and the equity line will be updated live allowing us to use the REPLAY feature to view the strategy performing in real time.
Stops and Targets will also get draw on the chart with labels and tooltips and there will be a table on the top right corner displaying lots of descriptive metrics to measure your strategy's performance.
IF YOU DECIDE TO USE THIS FRAMEWORK, PLEASE READ **EVERYTHING** BELOW
HOW TO USE IT
Step 1 - Insert Your Strategy Indicators:
Inside this framework's code, right at the beginning, you will find a dedicated section where you can manually insert any set of indicators you desire.
Just replace the example code in there with your own strategy indicators.
Step 2 - Specify The Conditions To Take Trades:
After that, there will be another section where you need to specify your strategy's conditions to enter and exit trades.
When met, those conditions will fire the trading signals to the trading engine inside the framework.
If you don't wish to use some of the available signals, please just assign false to the signal.
DO NOT DELETE THE SIGNAL VARIABLES
Step 3 - Specify Entry/Exit Prices, Stops & Targets:
Finally you'll reach the last section where you'll be able to specify entry/exit prices as well as add stops and targets.
On most cases, it's easier and more reliable to just use the close price to enter and exit trades.
If you decide to use the open price instead, please remember to change step 2 so that trades are taken on the open price of the next candle and not the present one to avoid the look ahead bias.
Stops and targets can be set in any way you want.
Also, please don't forget to update the spread. If your broker uses commissions instead of spreads or a combination of both, you'll need to manually incorporate those costs in this step.
And that's it! That's all you have to do.
Below this section you'll now see a sign warning you about not making any changes to the code below.
From here on, the framework will take care of executing the trades and calculating the performance metrics for you and making sure all calculations are consistent.
VISUAL FEATURES:
Price candles get painted according to the current trade.
They will be blue during long trades, purple on shorts and white when no trade is on.
When the framework receives the signals to start or close a trade, it will display those signals as shapes on the upper and lower limits of the chart:
DIAMOND: represents a signal to open a trade, the trade direction is represented by the shape's color;
CROSS: means a stop loss was triggered;
FLAG: means a take profit was triggered;
CIRCLE: means an exit trade signal was fired;
Hovering the mouse over the trade labels will reveal:
Asset Quantity;
Entry/Exit Prices;
Stops & Targets;
Trade Profit;
Profit As Percentage Of Trade Volume;
**Please note that there's a limit as to how many labels can be drawn on the chart at once.**
If you which to see labels from the beginning of the chart, you'll probably need to use the replay feature.
PERFORMANCE TABLE:
The performance table displays several performance metrics to evaluate the strategy.
All the performance metrics here are calculated by the framework. It does not uses the oficial pine script strategy tester.
All metrics are calculated in real time. If using the replay feature, they will be updated up to the last played bar.
Here are the available metrics and their definition:
INITIAL EQUITY: the initial amount of money we had when the strategy started, obviously...;
CURRENT EQUITY: the amount of money we have now. If using the replay feature, it will show the current equity up to the last bar played. The number on it's right side shows how many times our equity has been multiplied from it's initial value;
TRADE COUNT: how many trades were taken;
WIN COUNT: how many of those trades were wins. The percentage at the right side is the strategy WIN RATE;
AVG GAIN PER TRADE: the average percentage gain per trade. Very small values can indicate a fragile strategy that can behave in unexpected ways under high volatility conditions;
AVG GAIN PER WIN: the average percentage gain of trades that were profitable;
AVG GAIN PER LOSS: the average percentage loss on trades that were not profitable;
EQUITY MAX DD: the maximum drawdown experienced by our equity during the entire strategy backtest;
TRADE MAX DD: the maximum drawdown experienced by our equity after one single trade;
AVG MONTHLY RETURN: the compound monthly return that our strategy was able to create during the backtested period;
AVG ANNUAL RETURN: this is the strategy's CAGR (compound annual growth rate);
ELAPSED MONTHS: number of months since the backtest started;
RISK/REWARD RATIO: shows how profitable the strategy is for the amount of risk it takes. Values above 1 are very good (and rare). This is calculated as follows: (Avg Annual Return) / mod(Equity Max DD). Where mod() is the same as math.abs();
AVAILABLE SETTINGS:
SPREAD: specify your broker's asset spread
ENABLE LONGS / SHORTS: you can keep both enable or chose to take trades in only one direction
MINIMUM BARS CLOSED: to avoid trading before indicators such as a slow moving average have had time to populate, you can manually set the number of bars to wait before allowing trades.
INITIAL EQUITY: you can specify your starting equity
EXPOSURE: is the percentage of equity you wish to risk per trade. When using stops, the strategy will automatically calculate your position size to match the exposure with the stop distance. If you are not using stops then your trade volume will be the percentage of equity specified here. 100 means you'll enter trades with all your equity and 200 means you'll use a 2x leverage.
MAX LEVERAGE ALLOWED: In some situations a short stop distance can create huge levels of leverage. If you want to limit leverage to a maximum value you can set it here.
SEVERAL PLOTTING OPTIONS: You'll be able to specify which of the framework visuals you wish to see drawn on the chart.
FRAMEWORK **LIMITATIONS**:
When stop and target are both triggered in the same candle, this framework isn't able to enter faster timeframes to check which one was triggered first, so it will take the pessimistic assumption and annul the take profit signal;
This framework doesn't support pyramiding;
This framework doesn't support both long and short positions to be active at the same time. So for example, if a short signal is received while a long trade is open, the framework will close the long trade and then open a short trade;
FINAL CONSIDERATIONS:
I've been using this framework for a good time and I find it's better to use and easier to analyze a strategy's performance then relying on the oficial pine script strategy tester. However, I CANNOT GUARANTEE IT TO BE BUG FREE.
**PLEASE PERFORM A MANUAL BACKTEST BEFORE USING ANY STRATEGY WITH REAL MONEY**
Multiple Bollinger Bands + Volatility [AlgoTraderPro]This indicator helps traders visualize price ranges and volatility changes. Designed to assist in identifying potential consolidation zones, the indicator uses multiple layers of Bollinger Bands combined with volatility-based shading. This can help traders spot periods of reduced price movement, which are often followed by breakouts or trend reversals.
█ FEATURES
Multiple Bollinger Bands: Displays up to seven bands with customizable standard deviations, providing a layered view of price range activity.
Volatility Measurement: Tracks changes in Bollinger Band width to display volatility percentage and direction (increasing, decreasing, or neutral).
Volatility Shading: Uses color-coded shading between the outermost bands to indicate changes in volatility, helping to visualize potential consolidation zones.
Customizable Inputs: Modify lookback periods, moving average lengths, and standard deviations for each band to tailor the analysis to your strategy.
Volatility Table: Displays a table on the chart showing real-time volatility data and direction for quick reference.
█ HOW TO USE
Add the Indicator: Apply it to your TradingView chart.
Adjust Settings: Customize the Bollinger Bands’ parameters to suit your trading timeframe and strategy.
Analyze Consolidation Zones: Use the multiple bands and volatility shading to identify areas of reduced price activity, signaling potential breakouts.
Monitor Volatility: Refer to the volatility table to track real-time shifts in market volatility.
Use in Different Markets: Adapt the settings for various assets and timeframes to assess market conditions effectively.
█ NOTES
• The indicator is useful in consolidating markets where price movement is limited, offering insights into potential breakout areas.
• Adjust the settings based on asset and market conditions for optimal results.
