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Technical Ratings█  OVERVIEW This indicator calculates TradingView's well-known "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" states using the aggregate biases of 26 different technical indicators. █  FEATURES Differences with the built-in version  • You can adjust the weight of the Oscillators and MAs components of the rating here.  • The built-in version produces values matching the states displayed in the "Technicals" ratings gauge; this one does not always, where weighting is used.  • A strategy version is also available as a built-in; this script is an indicator—not a strategy.  • This indicator will show a slightly different vertical scale, as it does not use a fixed scale like the built-in.  • This version allows control over repainting of the signal when you do not use a higher timeframe. Higher timeframe (HTF) information from this version does not repaint.  • You can configure markers on signal breaches of configurable levels, or on advances declines of the signal. The indicator's settings allow you to:  • Choose the timeframe you want calculations to be made on.  • When not using a HTF, you can select a repainting or non-repainting signal.  • When using both MAs and Oscillators groups to calculate the rating, you can vary the weight of each group in the calculation. The default is 50/50.   Because the MAs group uses longer periods for some of its components, its value is not as jumpy as the Oscillators value.   Increasing the weight of the MAs group will thus have a calming effect on the signal.  • Alerts can be created on the indicator using the conditions configured to control the display of markers. Display The calculated rating is displayed as columns, but you can change the style in the inputs. The color of the signal can be one of three colors: bull, bear, or neutral. You can choose from a few presets, or check one and edit its color. The color is determined from the rating's value. Between 0.1 and -0.1 it is in the neutral color. Above/below 0.1/-0.1 it will appear in the bull/bear color. The intensity of the bull/bear color is determined by cumulative advances/declines in the rating. It is capped to 5, so there are five intensities for each of the bull/bear colors. The "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" state of the last calculated value is displayed to the right of the last bar for each of the three groups: All, MAs and Oscillators. The first value always reflects your selection in the "Rating uses" field and is the one used to display the signal. A "Strong Buy" or "Strong Sell" state appears when the signal is above/below the 0.5/-0.5 level. A "Buy" or "Sell" state appears when the signal is above/below the 0.1/-0.1 level. The "Neutral" state appears when the signal is between 0.1 and -0.1 inclusively. Five levels are always displayed: 0.5 and 0.1 in the bull color, zero in the neutral color, and -0.1 and - 0.5 in the bull color. The levels that can be used to determine the breaches displaying long/short markers will only be visible when their respective long/short markers are turned on in the "Direction" input. The levels appear as a bright dotted line in bull/bear colors. You can control both levels separately through the "Longs Level" and "Shorts Level" inputs. If you specify a higher timeframe that is not greater than the chart's timeframe, an error message will appear and the indicator's background will turn red, as it doesn't make sense to use a lower timeframe than the chart's. Markers Markers are small triangles that appear at the bottom and top of the indicator's pane. The marker settings define the conditions that will trigger an alert when you configure an alert on the indicator. You can:  • Choose if you want long, short or both long and short markers.  • Determine the signal level and/or the number of cumulative advances/declines in the signal which must be reached for either a long or short marker to appear.   Reminder: the number of advances/declines is also what controls the brightness of the plotted signal.  • Decide if you want to restrict markers to ones that alternate between longs and shorts, if you are displaying both directions.   This helps to minimize the number of markers, e.g., only the first long marker will be displayed, and then no more long markers will appear until a short comes in, then a long, etc. Alerts When you create an alert from this indicator, that alert will trigger whenever your marker conditions are confirmed. Before creating your alert, configure the makers so they reflect the conditions you want your alert to trigger on. The script uses the alert() function, which entails that you select the "Any alert() function call" condition from the "Create Alert" dialog box when creating alerts on the script. The alert messages can be configured in the inputs. You can safely disregard the warning popup that appears when you create alerts from this script. Alerts will not repaint. Markers will appear, and thus alerts will trigger, at the opening of the bar following the confirmation of the marker condition. Markers will never disappear from the bar once they appear. Repainting This indicator uses a two-pronged approach to control repainting. The repainting of the displayed signal is controlled through the "Repainting" field in the script's inputs. This only applies when you have "Same as chart" selected in the "Timeframe" field, as higher timeframe data never repaints. Regardless of that setting, markers and thus alerts never repaint. When using the chart's timeframe, choosing a non-repainting signal makes the signal one  bar late, so that it only displays a value once the bar it was calculated has elapsed. When using a higher timeframe, new values are only displayed once the higher timeframe completes. Because the markers never repaint, their logic adapts to the repainting setting used for the signal. When the signal repaints, markers will only appear at the close of a realtime bar. When the signal does not repaint (or if you use a higher timeframe), alerts will appear at the beginning of the realtime bar, since they are calculated on values that already do not repaint. █  CALCULATIONS The indicator calculates the aggregate value of two groups of indicators: moving averages and oscillators. The "MAs" group is comprised of 15 different components:  • Six Simple Moving Averages of periods 10, 20, 30, 50, 100 and 200  • Six Exponential Moving Averages of the same periods  • A Hull Moving Average of period 9  • A Volume-weighed Moving Average of period 20  • Ichimoku‎ The "Oscillators" group includes 11 components:  • RSI  • Stochastic  • CCI  • ADX  • Awesome Oscillator  • Momentum  • MACD  • Stochastic RSI  • Wiliams %R  • Bull Bear Power  • Ultimate Oscillator The state of each group's components is evaluated to a +1/0/-1 value corresponding to its bull/neutral/bear bias. The resulting value for each of the two groups are then averaged to produce the overall value for the indicator, which oscillates between +1 and -1. The complete conditions used in the calculations are documented in the Help Center . █  NOTES Accuracy When comparing values to the other versions of the Rating, make sure you are comparing similar timeframes, as the "Technicals" gauge in the chart's right pane, for example, uses a 1D timeframe by default. For coders We use a handy characteristic of array.avg() which, contrary to avg() , does not return na when one  of the averaged values is na . It will average only the array elements which are not na . This is useful in the context where the functions used to calculate the bull/neutral/bear bias for each component used in the rating include special checks to return na whenever the dataset does not yet contain enough data to provide reliable values. This way, components gradually kick in the calculations as the script calculates on more and more historical data. We also use the new `group` and `tooltip` parameters to input() , as well as dynamic color generation of different transparencies from the bull/bear/neutral colors selected by the user. Our script was written using the PineCoders Coding Conventions for Pine . The description was formatted using the techniques explained in the How We Write and Format Script Descriptions PineCoders publication. Bits and pieces were lifted from the PineCoders' MTF Selection Framework . Look first. Then leap.
Indicateur Pine Script™
par TradingView
48
[blackcat] L2 Six Round Positioning█ OVERVIEW The script is an indicator designed to plot the direction (up, down, no change) of several moving averages (MA) on a separate chart, without overlaying the price data. It calculates Simple Moving Averages (SMA) for 3, 5, 8, 34, 60, 120, and 250 periods and uses conditional logic to determine the color and position of the plotted columns based on whether each MA is increasing, decreasing, or unchanged. █ LOGICAL FRAMEWORK The script is structured into three main sections: 1 — Input Parameters: None explicitly defined, but the script uses default settings for the indicator function. 2 — Calculations: Computes Simple Moving Averages (SMA) for seven different periods. 3 — Plotting: Uses conditional logic to plot columns representing the direction of each MA, with positions and colors indicating whether the MA is increasing, decreasing, or unchanged. The flow of data is straightforward: the script calculates the SMAs, determines their direction, sets the appropriate color, and then plots the columns. █ CUSTOM FUNCTIONS • No custom functions are defined in this script. All calculations and plotting are done using built-in Pine Script functions such as ta.sma for SMA calculation and plot for plotting. █ KEY POINTS AND TECHNIQUES • Use of ta.sma: The script effectively uses the ta.sma function to calculate Simple Moving Averages for different periods. • Conditional Logic: The script employs conditional logic (ternary operators) to determine the color and position of the plotted columns based on the direction of each MA. • Plotting with plot: The plot function is used extensively to display the direction of each MA with different colors and positions. • Color Transparency: The use of color.new with transparency (e.g., color.new(color.green, 50)) allows for visually distinct colors that are not too overpowering. █ EXTENDED KNOWLEDGE AND APPLICATIONS • Modifications: The script could be enhanced by adding input parameters to allow users to customize the periods of the moving averages, colors, and transparency levels. • Extensions: Similar techniques could be applied to other types of moving averages (e.g., EMA, WMA) or to other technical indicators. • Strategy Development: This indicator could serve as a component in a larger trading strategy by providing insights into the overall trend direction across multiple timeframes. • Related Concepts: Understanding of moving averages, conditional logic, and plotting techniques in Pine Script would be beneficial for further development and customization of this script.
Indicateur Pine Script™
par blackcat1402
Strategy:Reversal-CatcherWhat This is a plain and vanilla reversal based strategy for intraday (15m) timeframe on Futures prices of the assets. Now what all it comprises of? It finds out the dynamic support & resistance from Bollinger Band (20 period, 1.5 std dev). It finds out the potential divergence of price deviation from 5 period exponential moving average (EMA). If the previous candle (N-1) shows a divergence it confirms the reversal by checking the present candle (N) to be closed inside the Bollinger Band. It confirms the momentum by checking RSI shows a crossover/crossunder to oversold (30) / overbought (70) region. It also confirms whether the trend is up (then only reversal trade to short) or down (then only reversal trade to long). The trend is checked with EMA-21 and EMA-50. Re-affirmation Condition : It re-affirms the position of two successive candles called as `hhLLong` and `hhLLShort` in the script. Why In Indian context, retail participants are pre-dominantly (yes- 80% of Indian daily volume) Options buyers mainly in weekly indices (Nifty, BankNifty, FinNifty, CNXMidcap, Sensex, Bankx .. well everyday is expiry now in India, except -- Thank God -- Saturday & Sunday). And in Index Options the momentum plays a big role. If one can catch a good reversal point the potential of high Risk-to-Reward trade (hence earn handsomely) is very likely (please note: there is no holy grail in trading. Nothing works 100%). So this is the attempt to catch a reversal. Re-affirmation of Reversal hhLLong : It's a reversal point after an uptrend. It checks the relative positioning of current candle compared to that of previous candle. [The details are in the script. Check for variable hhLLong in script. hhLLShort : It's a reversal point after a downtrend. It checks the relative positioning of current candle compared to that of previous candle. [The details are in the script. Check for variable hhLLShort in script. Unique-ness What's unique in it? Why we decided to publicly share this: Already given the context of The Great Indian Options Buyers community. It should be helpful to them, we believe. It takes Very Less Number of Trades with High Accuracy . Please check the result in NSE:NIFTY1! in 15m timeframe. 71% accuracy with roughly a trade in a month. There is no point giving brokers' the brokerages taking 10 trades a day and ending not-so-good EoD. Better lets take less trades with better result possibility. . Mention There are many people uses this variation of Bolling Band, 5EMA Many people use RSI, trends and relative positioning of candles. --> We are grateful to all of them. It's really difficult to mention everyone's name. But all people somehow influence the thought process. Thanks for all of them. Statutory Disclaimer There is no silver bullet / holy grail in trading. Nothing works 100% time. One has to be careful about the loss (s)he can bear in case of the trade goes against. We, as the author of this script, is not responsible for any trading or position decision one is taken based on the outcome of this. It is our sole discretion to change, add, delete the portion or withdraw the whole script without any prior notice or intimation. In Indian Context : We are not SEBI registered, will never be SEBI registered.
Stratégie Pine Script™
par pradipandsuvra
1
Monthly Strategy Performance TableWhat Is This? This script code adds a Monthly Strategy Performance Table to your Pine Script strategy scripts so you can see a month-by-month and year-by-year breakdown of your P&L as a percentage of your account balance. The table is based on realized equity rather than open equity, so it only updates the metrics when a trade is closed. That's why some numbers will not match the Strategy Tester metrics (such as max drawdown), as the Strategy Tester bases metrics like max drawdown on open trade equity and not realized equity (closed trades). The script is still a work-in-progress, so make sure to read the disclaimer below. But I think it's ready to release the code for others to play around with. How To Use It The script code includes one of my strategies as an example strategy. You need to replace my strategy code with your own. To do that just copy the source code below into a blank script, delete lines 11 -> 60 and paste your strategy code in there instead of mine. The script should work with most systems, but make sure to read the disclaimer below. It works best with a significant amount of historical data, so it may not work very effectively on intraday timeframes as there is a severe limitation of available bars on TradingView. I recommend using it on 4HR timeframes and above, as anything less will produce very little usable data. Having a premium TradingView plan will also help boost the number of available bars. You can hover your mouse over a table cell to get more information in the form of tooltips (such as the Long and Short win rate if you hover over your total return cell). Credit The code in this script is based on open-source code originally written by QuantNomad, I've made significant changes and additions to the original script but all credit for the idea and especially the display table code goes to them - I just built on top of it: Why Did I Make This? None of this is trading or investment advice, just my personal opinion based on my experience as a trader and systems developer these past 6+ years: The TradingView Strategy Tester is severely limited in some important ways. And unless you use complex Excel formulas on exported test data, you can't see a granular perspective of your system's historical performance. There is much more to creating profitable and tradeable systems than developing a strategy with a good win rate and a good return with a reasonable drawdown. Some additional questions we need to ask ourselves are: What did the system's worst drawdown look like? How long did it last? How often do drawdowns occur, and how quickly are they typically recovered? How often do we have a break-even or losing month or year? What is our expected compounded annual growth rate, and how does that growth rate compare to our max drawdown? And many more questions that are too long to list and take a lifetime of trading experience to answer. Without answering these kinds of questions, we run the risk of developing systems that look good on paper, but when it comes to live trading, we are uncomfortable or incapable of enduring the system's granular characteristics. This Monthly Performance Table script code is intended to help bridge some of that gap with the Strategy Tester's limited default performance data. Disclaimer I've done my best to ensure the numbers this code outputs are accurate, and according to my testing with my personal strategy scripts it appears to work fine. But there is always a good chance I've missed something, or that this code will not work with your particular system. The majority of my TradingView systems are extremely simple single-target systems that operate on a closed-candle basis to minimize many of the data reliability issues with the Strategy Tester, so I was unable to do much testing with multiple targets and pyramiding etc. I've included a Debug option in the script that will display important data and information on a label each time a trade is closed. I recommend using the Debug option to confirm that the numbers you see in the table are accurate and match what your strategy is actually doing. Always do your own due diligence, verify all claims as best you can, and never take anyone's word for anything. Take care, and best of luck with your trading :) Kind regards, Matt. PS. If you're interested in learning how this script works, I have a free hour-long video lesson breaking down the source code - just check out the links below this script or in my profile.
Stratégie Pine Script™
par ZenAndTheArtOfTrading
24
Divergences in 52 Week Moving Averages, Adjusted and SmoothedThis script description is intended to be holistic and comprehensive for the understanding of the interested parties who view the script. Following the PineCoders suggestions, I have provided detailed breakdowns both within the code and in the description immediately below: ► Description This description is intended to be detailed and meaningful, conveying the understanding of the script’s intention to the user: The theory: Divergences and extreme readings in 52-Week highs on major indexes can provide a view into a potential pending move in the opposite direction of how the market has been trending. By comparing the 52-Week Hi/Lo indices and applying an Exponential Moving Average (EMA), we can assess how extreme a move is from the average. If the move provides an extreme reading, it would potentially be beneficial to “fade” the move (take a position in the opposing direction). The intention: The intentionality of this script is to provide a visualization of when the highly-probable opportunity to fade over a multi-day or multi-week period arises. In addition to this, based on backtesting prior moves and reading the various levels of significant reversals, three tiers: “Standard”, “Sensitive”, and “Highly Sensitive” have been applied, the user can choose which sensitivity level they would like to see, there are far less false positives on the Standard and Sensitive settings, while Highly Sensitive often signals multiple times with the move coming a few days later. The application: The settings allow the user to customize their sensitivity to the fade signals, with the ability to customize the visual that shows up as well. For higher-highs that are fade-worthy, the signal will appear on the top of the candle, for lower-lows that are fade-worthy, the signal will appear on the bottom of the candle. The users risk criteria should be the primary driver of the entry/exit, although when backtesting it appears that the significant move is typically completed within a 2-4 week period at max and 3-5 day period at minimum. A personal note: I am a futures trader intraday but would very strongly caution users when using this strategy with futures (unless their risk tolerance is higher than most). The most beneficial strategy when fading moves would be to enter in tranches, starting at the first signal and adding on any pullback (as long as the pullback is not below the initial entry point). 1-6 Week Date-To-Expiry options would be the primary method for applying this strategy. I would also like to add that SPY/SPX options (SPDR S&P 500 ETF Trust / CBOE S&P 500 Index) are the most liquid options that could be applied in this strategy. ► Description (additional) With the understanding that few users can read pinescript (Pine), the description above contains all of the necessary information that is necessary for a user to understand the intention for script utilization. For those who do understand Pine, the code is commented in each section in order to provide an understanding of the underlying functions, calculations, and thought process that went on during the writing of the script. ► Description (additional) This script’s description contains no delegations, all aspects of the script as well as the initial idea behind it are contained in the description above, which is self-contained in it’s entirety with a clear and defined purpose that is written with the intent to holistically capture the intent of the potential use for this indicator. ► General House Rule #2 This script and the description (as well as my profile) contain no links or associations to promotion of any kind, I am not a business, I am not an individual that will in any way make money from this script or the promotion of another person, idea, company, entity, or legal persons (foreign or domestic). ► Originality and usefulness This is an original and custom script (and idea) that is not a rehashing or a copy of any code from any other programmers in the tradingview community.
Indicateur Pine Script™
par blueberryjones
Crypto Uptrend Script + Pullback//Volume CandlesDescription: his is an adaption of my Pullback candle - This works on all timeframes and Markets (Forex//Stocks//) Crypto Uptrend Script with Pullback Candle allows traders to get into a trend when the price is at end of a pullback and entering a balance phase in the market (works on all markets). The use of Moving averages to help identify a Trends and the use of Key levels to help traders be aware of where strong areas are in the market. This script can work really well in Crypto Bull Runs when used on HTF and with confluences The script has key support and resistance zones which are made up of quarterly data. Price reacts to these areas but patience is required as price will take time to come into these areas I have updated the Pullback Candle with the use of Volume to filter out the weak Pullback Candles - There are new candles to the script. The First candle is the Bullish Volume Candle - This candle is set to a multiplier of 2x with a crossover of 50/100 on Volume - this then will paint a purple candle. Uses of the Bullish Volume Candle: Breakthrough of key areas // special chart patterns Rejection of key areas End of a impulse wave (Profit Takers) The second candle is a Hammer - I prefer using the Hammers on Higher Timeframes however they do work on all timeframes. . The third candle is a Exhaustion of impulse downward move. Uses of this candle - can denote a new trend but has to be with confluence to a demand area // support area or with any use of technical analysis - using this alone is not advised The fourth candle is a indecision candle in the shape of a Doji - this candle can help identify if the trend is in a continuation or a reversal This script can work really well in Crypto Bull Runs Disclaimer: There will be Pullbacks with High Volume (Breakouts) and not go the way as intended but this script is to allow traders to get into trends at good price levels. The script can paint signals in areas where price is too expensive so please do your own due diligence on the markets as this script is to help get into good areas of price Please leave a thumbs up if you like this script and message me for information on how to use the script.
Indicateur Pine Script™
par LuxTradeVenture
7
Weis V5 zigzag jayySomehow, I deleted version 5 of the zigzag script. Same name. I have added some older notes describing how the Weis Wave works. I have also changed the date restriction that stopped the script from working after Dec 31, 2022. What you see here is the Weis zigzag wave plotted directly on the price chart. This script is the companion to the Weis cumulative wave volume script. What is a Weis wave? David Weis has been recognized as a Wyckoff method analyst he has written two books one of which, Trades About to Happen, describes the evolution of the now-popular Weis wave. The method employed by Weis is to identify waves of price action and to compare the strength of the waves on characteristics of wave strength. Chief among the characteristics of strength is the cumulative volume of the wave. There are other markers that Weis uses as well for example how the actual price difference between the start of the Weis wave from start to finish. Weis also uses time, particularly when using a Renko chart David Weis did a futures io video which is a popular source of information about his method. (Search David Weis and futures.io. I strongly suggest you also read “Trades About to Happen” by David Weis. This will get you up and running more quickly when studying charts. However, you should choose the Traditional method to be true to David Weis technique as described in his book "Trades About to Happen" and in the Futures IO Webcast featuring David Weis . The Weis pip zigzag wave shows how far in terms of bar close price a Weis wave has traveled through the duration of a Weis wave. The Weis zigzag wave is used in combination with the Weis cumulative volume wave. The two waves should be set to the same "wave size". To use this script, you must set the wave size: Using the traditional Weis method simply enter the desired wave size in the box "How should wave size be calculated", in this example I am using a traditional wave size of .25. Each wave for each security and each timeframe requires its own wave size. Although not the traditional method devised by David Weis a more automatic way to set wave size would be to use Average True Range (ATR). Using ATR is not the true Weis method but it does give you similar waves and, importantly, without the hassle described above. Once the Weis wave size is set then the zigzag wave will be shown with volume. Because Weis used the closing price of a wave to define waves a line Bar highs and bar lows are not captured by the Weis Wave. The default script setting is now cumulative volume waves using an ATR of 7 and a multiplication factor of .5. To display volume in a way that does not crowd out neighbouring volumes Weis displayed volume as a maximum of 3 digits (usually). Consider two Weis Wave volumes 176,895,570 and 2,654,763,889. To display wave volume as three digits it is necessary to take a number such as 176,895,570 and truncate it. 176,895,570 can be represented as 177 X 10 to the power of 6. The number displayed must also be relative to other numbers in the field. If the highest volume on the page is: 2,654,763,889 and with only three numbers available to display the result the value shown must be 265 (265 X 10 to the power of 7). Since 176,895,570 is an order of magnitude smaller than 2,654,763,889 therefore 175,895,570 must be shown as 18 instead of 177. In this way, the relative magnitudes of the two volumes can be understood. All numbers in the field of view must be truncated by the same order of magnitude to make the relative volumes understandable. The script attempts to calculate the order of magnitude value automatically. If you see a red number in the field of view it means the script has failed to do the calculation automatically and you should use the manual method – use the dialogue box “Calculate truncated wave value automatically or manually”. Scroll down from the automatic method and select manual. Once "manual" is selected the values displayed become the power values or multipliers for each wave. Using the manual method you will select a “Multiplier” in the next dialogue box. Scan the field and select the largest value in the field of view (visible chart) is the multiplier of interest. If you select a lower number than the maximum value will see at least one red “up”. If you are too high you will see at least one red “down”. Scroll in the direction recommended or the values on the screen will be totally incorrect. With volume truncated to the highest order values, the eye can quickly get a feel for relative volumes. It also reduces the crowding and overlapping of values on the screen. You can opt to show the full volume to help get a sense of the magnitude of the true volumes. How does the script determine if a Weis wave is continuing to grow or not? The script evaluates the closing price of each new bar relative to the "Weis wave size". Suppose the current bar closes at a new low close, within the current down wave, at $30.00. If the Weis wave size is $0.10 then the algorithm will remember the $30.00 close and compare it to the close of the next bar. If the bar close price does not close equal to or lower than $30.00 or close equal to or higher than $30.10 then the wave is still a down wave with a current low of $30.00. This is true even if the bar low is less than $30.00 or the bar high is greater than 30.10 – only the bar’s closing price matters. If a bar's closing price climbs back up to a close of $30.11 then because the closing price has moved more than $0.10 (the Weis wave size) then that is a wave reversal with a new up-trending wave. In the above example if there was currently a downward trending wave and the bar closes were as follows $30.00, $30.09, $30.01, $30.05, $30.10 The wave direction would continue to stay downward trending until the close of $30.10 was achieved. As such $30.00 would be the low and the following closes $30.09, $30.01, $30.05 would be allocated to the new upward-trending wave. If however There was a series of bar closes like this $30.00, $30.09, $30.01, $30.05, $29.99 since none of the closes was equal to above the 10-cent reversal target of $30.10 but instead, a new Weis wave low was achieved ($29.99). As such the closes of $30.09, $30.01, $30.05 would all be attributed to the continued down-trending wave with a current low of $29.99, even though the closing price for the interim bars was above $30.00. Now that the Weis Wave low is now 429.99 then, in order to reverse this continued downtrend price will need to close at or above $30.09 on subsequent bar closes assuming now new low bar close is achieved. With large wave sizes, wave direction can be in limbo for many bars before a close either renews wave direction or reverses it and confirms wave direction as either a reversal or a continuation. On the zig-zag, a wave line and its volume will not be "printed" until a wave reversal is confirmed. The wave attribution is similar when using other methods to define wave size. If ATR is used for wave size instead of a traditional wave constant size such as $0.10 or $2 or 2000 pips or ... then the wave size is calculated based on current ATR instead of the Weis wave constant (Traditional selected value). I have the option to display pseudo-Ord volume. In truth, Ord used more traditional zig-zag pivots of bar highs and lows. Waves using closes as pivots can have some significant differences. This difference can be lessened by using smaller time frames and larger wave sizes. There are other options such to display the delta price or pip size of a Weis Wave, the number of bars in a wave, and a few other options.
Indicateur Pine Script™
par jayy
29
Buy/Sell on the levelsThis script is generally My describe is: There are a lot of levels we would like to buy some crypto. When the price has crossed the level-line - we buy, but only if we have the permission in array(2) When we have bought the crypto - we lose the permission for buy for now(till we will sell it on the next higher level) When we sell some crypto(on the buying level + 1) we have the permission again. There also are 2 protect indicators. We can buy if these indicators both green only(super trend and PIVOT ) Jun 12 Release Notes: Hello there, Uncomment this section before use for real trade: if array.get(price_to_sellBue, i) >= open and array.get(price_to_sellBue, i) <= close// and //direction < 0 and permission_for_buy != 0 Here is my script. In general - this is incredible simple script to use and understand. First of all You can see this script working with only long orders, it means we going to get money if crypto grows only. Short orders we need to close the position on time. In this script we buy crypto and sell with step 1% upper. You can simply change the step by changing the price arrays. Please note, if You want to see where the levels of this script is You Have to copy the next my indicator called LEVEL 1% In general - if the price has across the price-level we buy some crypto and loose permission for buying for this level till we sell some crypto. There is ''count_of_orders" array field with value 2. When we bought some crypto the value turns to 0. 0 means not allowed to by on this level!!! The script buy if the bar is green only(last tick). The script check every level(those we can see in "price_to_sellBue" array). If the price across one of them - full script runs. After buying(if it possible) we check is there any crypto for sell on the level. We check all levels below actual level( of actual level - ''i'' than we check all levels from 0 to i-1). If there is any order that has value 0 in count of orders and index <= i-1 - we count it to var SELL amount and in the end of loop sell all of it. Pay attention - it sells only if price across the level with red bar AND HAS ORDERS TO SELL WHICH WAS BOUGHT BELOW!!! In Strategy tester it shows not-profitables orders sometimes, because if You have old Long position - it sells it first. First in - first out. If the price goes down for a long time and You sell after 5 buys You sell the first of it with the highest value. There is 2 protection from horrible buying in this strategy. The first one - Supertrend. If the supertrend is red - there is no permission for buy. The second one - something between PIVOT and supertrend but with switcher. If the price across last minimum - switcher is red - no permission for buy and the actual price becomes last minimum . The last maximum calculated for last 100 bars. When the price across last maximum - switcher is green, we can buy. The last minimum calculation for last 100 bars, last maximum is actual price. This two protections will save You from buying if price get crash down. Enjoy my script. Should You need the code or explanation, You have any ideas how to improve this crypt, contact me. Vladyslav. Jun 12 Release Notes: Here has been uncommented the protection for buy in case of price get down. 5 hours ago Release Notes: Changed rages up to actual price to make it work
Stratégie Pine Script™
par Arivadis
2
CVD - Cumulative Volume Delta Candles█   OVERVIEW This indicator displays cumulative ​volume delta in candle form. It uses intrabar information to obtain more precise ​volume delta information than methods using only the chart's timeframe. █   CONCEPTS Bar polarity By bar polarity , we mean the direction of a bar, which is determined by looking at the bar's close vs its open . Intrabars Intrabars are chart bars at a lower timeframe than the chart's. Each 1H chart bar of a 24x7 market will, for example, usually contain 60 bars at the lower timeframe of 1min, provided there was market activity during each minute of the hour. Mining information from intrabars can be useful in that it offers traders visibility on the activity inside a chart bar. Lower timeframes (LTFs) A lower timeframe is a timeframe that is smaller than the chart's timeframe. This script uses a ​LTF to access intrabars. The lower the ​LTF, the more intrabars are analyzed, but the less chart bars can display ​CVD information because there is a limit to the total number of intrabars that can be analyzed. Volume delta The ​volume delta concept divides a bar's ​volume in "up" and "down" ​volumes. The delta is calculated by subtracting down ​volume from up ​volume. Many calculation techniques exist to isolate up and down ​volume within a bar. The simplest techniques use the polarity of interbar price changes to assign their ​volume to up or down slots, e.g., On Balance Volume or the Klinger Oscillator . Others such as Chaikin Money Flow use assumptions based on a bar's OHLC values. The most precise calculation method uses tick data and assigns the ​volume of each tick to the up or down slot depending on whether the transaction occurs at the bid or ask price. While this technique is ideal, it requires huge amounts of data on historical bars, which usually limits the historical depth of charts and the number of symbols for which tick data is available. This indicator uses intrabar analysis to achieve a compromise between the simplest and most precise methods of calculating ​volume delta. In the context where historical tick data is not yet available on TradingView, intrabar analysis is the most precise technique to calculate ​volume delta on historical bars on our charts. Our Volume Profile indicators use it. Other ​volume delta indicators in our Community Scripts such as the Realtime 5D Profile use realtime chart updates to achieve more precise ​volume delta calculations, but that method cannot be used on historical bars, so those indicators only work in real time. This is the logic we use to assign intrabar ​volume to up or down slots:  • If the intrabar's open and close values are different, their relative position is used.  • If the intrabar's open and close values are the same, the difference between the intrabar's close and the previous intrabar's close is used.  • As a last resort, when there is no movement during an intrabar and it closes at the same price as the previous intrabar, the last known polarity is used. Once all intrabars making up a chart bar have been analyzed and the up or down property of each intrabar's ​volume determined, the up volumes are added and the down volumes subtracted. The resulting value is ​volume delta for that chart bar. █   FEATURES CVD Candles Cumulative ​Volume Delta Candles present ​volume delta information as it evolves during a period of time. This is how each candle's levels are calculated:  • open : Each candle's' open level is the cumulative ​volume delta for the current period at the start of the bar.   This value becomes zero on the first candle following a ​CVD reset.   The candles after the first one always open where the previous candle closed.   The candle's high, low and close levels are then calculated by adding or subtracting a ​volume value to the open.  • high : The highest ​​volume delta value found in intrabars. If it is not higher than the ​volume delta for the bar, then that candle will have no upper wick.  • low : The lowest ​​volume delta value found in intrabars. If it is not lower than the ​volume delta for the bar, then that candle will have no lower wick.  • close : The aggregated ​volume delta for all intrabars. If ​volume delta is positive for the chart bar, then the candle's close will be higher than its open, and vice versa. The candles are plotted in one of two configurable colors, depending on the polarity of ​volume delta for the bar. CVD resets The "cumulative" part of the indicator's name stems from the fact that calculations accumulate during a period of time. This allows you to analyze the progression of ​volume delta across manageable chunks, which is often more useful than looking at ​volume delta cumulated from the beginning of a chart's history. You can configure the reset period using the "CVD Resets" input, which offers the following selections:  • None : Calculations do not reset.  • On a fixed higher timeframe : Calculations reset on the higher timeframe you select in the "Fixed higher timeframe" field.  • At a fixed time that you specify.  • At the beginning of the regular session .  • On a stepped higher timeframe : Calculations reset on a higher timeframe automatically stepped using the chart's timeframe and following these rules: Chart TF ​HTF < 1min 1H < 3H 1D <= 12H 1W < 1W 1M >= 1W 1Y The indicator's background shows where resets occur. Intrabar precision The precision of calculations increases with the number of intrabars analyzed for each chart bar. It is controlled through the script's "Intrabar precision" input, which offers the following selections:  • Least precise, covering many chart bars  • Less precise, covering some chart bars  • More precise, covering less chart bars  • Most precise, 1min intrabars As there is a limit to the number of intrabars that can be analyzed by a script, a tradeoff occurs between the number of intrabars analyzed per chart bar and the chart bars for which calculations are possible. Total ​volume candles You can choose to display candles showing the total intrabar ​volume for the chart bar. This provides you with more context to evaluate a bar's ​volume delta by showing it relative to the sum of intrabar ​volume. Note that because of the reasons explained in the "NOTES" section further down, the total ​volume is the sum of all intrabar ​​volume rather than the ​volume of the bar at the chart's timeframe. Total ​volume candles can be configured with their own up and down colors. You can also control the opacity of their bodies to make them more or less prominent. This publication's chart shows the indicator with total ​volume candles. They are turned off by default, so you will need to choose to display them in the script's inputs for them to plot. Divergences Divergences occur when the polarity of ​volume delta does not match that of the chart bar. You can identify divergences by coloring the ​CVD candles differently for them, or by coloring the indicator's background. Information box An information box in the lower-left corner of the indicator displays the HTF used for resets, the ​LTF used for intrabars, and the average quantity of intrabars per chart bar. You can hide the box using the script's inputs. █   INTERPRETATION The first thing to look at when analyzing ​CVD candles is the side of the zero line they are on, as this tells you if ​CVD is generally ​bullish or ​bearish. Next, one should consider the relative position of successive candles, just as you would with a price chart. Are successive candles trending up, down, or stagnating? Keep in mind that whatever trend you identify must be considered in the context of where it appears with regards to the zero line; an uptrend in a negative ​CVD (below the zero line) may not be as powerful as one taking place in positive ​CVD values, but it may also predate a movement into positive ​CVD territory. The same goes with stagnation; a trader in a long position will find stagnation in positive ​CVD territory less worrisome than stagnation under the zero line. After consideration of the bigger picture, one can drill down into the details. Exactly what you are looking for in markets will, of course, depend on your trading methodology, but you may find it useful to:   • Evaluate ​volume delta for the bar in relation to price movement for that bar.   • Evaluate the proportion that ​​volume delta represents of total ​volume.   • Notice divergences and if the chart's candle shape confirms a hesitation point, as a Doji would.   • Evaluate if the progress of ​CVD candles correlates with that of chart bars.   • Analyze the wicks. As with price candles, long wicks tend to indicate weakness. Always keep in mind that unless you have chosen not to reset it, your ​CVD resets for each period, whether it is fixed or automatically stepped. Consequently, any trend from the preceding period must re-establish itself in the next. █   NOTES Know your volume Traders using ​volume information should understand the ​volume data they are using: where it originates and what transactions it includes, as this can vary with instruments, sectors, exchanges, timeframes, and between historical and realtime bars. The information used to build a chart's bars and display ​volume comes from data providers (exchanges, brokers, etc.) who often maintain distinct feeds for intraday and ​end-of-day (​EOD) timeframes. How ​volume data is assembled for the two feeds depends on how instruments are traded in that sector and/or the ​volume reporting policy for each feed. Instruments from crypto and forex markets, for example, will often display similar ​volume on both feeds. Stocks will often display variations because block trades or other types of trades may not be included in their intraday ​volume data. ​Futures will also typically display variations. Note that as intraday vs ​EOD variations exist for historical bars on some instruments, differences may also exist between the realtime feeds used on intraday vs 1D or greater timeframes for those same assets. Realtime reporting rules will often be different from historical feed reporting rules, so variations between realtime feeds will often be different from the variations between historical feeds for the same instrument. The Volume X-ray indicator can help you analyze differences between intraday and ​EOD ​volumes for the instruments you trade. If every unit of ​volume is both bought by a buyer and sold by a seller, how can ​volume delta make sense? Traders who do not understand the mechanics of matching engines (the exchange software that matches orders from buyers and sellers) sometimes argue that the concept of ​volume delta is flawed, as every unit of ​volume is both bought and sold. While they are rigorously correct in stating that every unit of ​volume is both bought and sold, they overlook the fact that information can be mined by analyzing variations in the price of successive ticks, or in our case, intrabars. Our calculations model the situation where, in fully automated order handling, market orders are generally matched to limit orders sitting in the order book. Buy market orders are matched to quotes at the ask level and sell market orders are matched to quotes at the bid level. As explained earlier, we use the same logic when comparing intrabar prices. While using intrabar analysis does not produce results as precise as when individual transactions — or ticks — are analyzed, results are much more precise than those of methods using only chart prices. Not only does the concept underlying ​volume delta make sense, it provides a window on an oft-overlooked variable which, with price and time, is the only basic information representing market activity. Furthermore, because the calculation of ​volume delta also uses price and time variations, one could conceivably surmise that it can provide a more complete model than ones using price and time only. Whether or not ​volume delta can be useful in your trading practice, as usual, is for you to decide, as each trader's methodology is different. For Pine Script™ coders As our latest Polarity Divergences publication, this script uses the recently released request.security_lower_tf() Pine Script™ function discussed in this blog post . It works differently from the usual request.security() in that it can only be used at LTFs, and it returns an array containing one value per intrabar. This makes it much easier for programmers to access intrabar information. Look first. Then leap.
Indicateur Pine Script™
par TradingView
222
[Sextan] M-Oscillator BacktestLevel: 1 NOTE: This is a request by @scantor516 to backtest M-Oscillator by Mango2Juice with my Sextan framework. I ONLY take 5 minutes to perform it and how much time would you cost for this work? Courtesy of Mango2Juice for M-Oscillator script. You can backtest many of my indicators in minutes now! Of course,you can define your own indicator in the highlighted area in compliance with the uniform format, which guarantee when you use "Indicator on Indicator" function, it would not produce any error. Background Backtesting of technical indicators and strategies is the most common way to understand a quantitative strategy. However, the complicated configuration and adaptation work of backtesting many quantitative tools makes many traders who do not understand the code daunted. Moreover, although I have written a lot of strategies, I am still not very satisfied with the backtest configuration and writing efficiency. Therefore, I have been thinking about how to build a backtesting framework that can quickly and easily evaluate the backtesting performance of any indicator with a "long/short entry" indicator, that is, a "simple backtesting tool for dummies". The performance requirements should be stable, and the operation should be simple and convenient. It is best to "copy", "paste", and "a few mouse clicks" to complete the quick backtest and evaluation of a new indicator. Luckily, I recently realized that TradingView provides an "Indicator on Indicator" feature, which is the perfect foundation for doing "hot swap" backtesting. My basic idea is to use a two-layer design. The first layer is the technical indicator signal source that needs to be embedded, which is only used to provide buy and sell signals of custom strategies; the second layer is the trading system, which is used to receive the output signals of the first layer, and filter the signals according to the agreed specifications. , Take Profit, Stop Loss, draw buy and sell signals and cost lines, define and send custom buy and sell alert messages to mobile phones, social software or trading interfaces. In general, this two-layer design is a flexible combination of "death and alive", which can meet the needs of most traders to quickly evaluate the performance of a certain technical indicator. The first layer here is flexible. Users can insert their own strategy codes according to my template, and they can draw buy and sell signals and output them to the second layer. The second layer is fixed, and the overall framework is solidified to ensure the stability and unity of the trading system. It is convenient to compare different or similar strategies under the same conditions. Finally, all trading signals are drawn on the chart, and the output strategy returns. test report. The main function: The first layer: "{Sextan} Your Indicator Source", the script provides a template for personalized strategy input, and the signal and definition interfaces ensure full compatibility with the second layer. Backtesting is performed stably in the backtesting framework of the layer. The first layer of this script is also relatively simple: enter your script in the highlighted custom script area, and after ensuring the final buy and sell signals long = bool condition, short = bool condition, the design of the first layer is considered complete. Input it into the PINE script editor of TradingView, save it and add it to the chart, you can see the pulse sequence in yellow (buy) and purple (sell) on the sub-picture, corresponding to the main picture, you can subjectively judge that the quality of the trading point of the strategy is good Bad. The second layer: "{Sextan} PINEv4 Sextans Backtest Framework". This script is the standardized trading system strategy execution and alarm, used to generate the final report of the strategy backtest and some key indicators that I have customized that I find useful, such as: winning rate , Odds, Winning Surface, Kelly Ratio, Take Profit and Stop Loss Thresholds, Trading Frequency, etc. are evaluated according to the Kelly formula. To use the second layer, first load it into the TrainingView chart, no markers will appear on the chart, since you have not specified any strategy source signals, click on the gear-shaped setting next to the "{Sextan} PINEv4 Sextans BTFW" header button, you can open the backtest settings, the first item is to select your custom strategy source. Because we have added the strategy source to the chart in the previous step, you can easily find an option "{Sextan} Your Indicator Source: Signal" at the bottom of the list, this is the strategy source input we need, select and confirm , you can see various markers on the main graph, and quickly generate a backtesting profit graph and a list of backtesting reports. You can generate files and download the backtesting reports locally. You can also click the gear on the backtest chart interface to customize some conditions of the backtest, including: initial capital amount, currency type, percentage of each order placed, amount of pyramid additions, commission fees, slippage, etc. configuration. Note: The configuration in the interface dialog overrides the same configuration implemented by the code in the backtest script. How to output charts: The first layer: "{Sextan} Your Indicator Source", the output of this script is the pulse value of yellow and purple, yellow +1 means buy, purple -1 means sell. The second layer: PINEv4 Sextans Backtest Framework". The output of this script is a bit complicated. After all, it is the entire trading system with a lot of information: 1. Blue and red arrows. The blue upward arrow indicates long position, the red downward arrow indicates short position, and the horizontal bar at the end of the purple arrow indicates take profit or stop loss exit. 2. Red and green lines. This is the holding cost line of the strategy, green represents the cost of holding a long position, and red represents the cost of holding a short position. The cost line is a continuous solid line and the price action is relatively close. 3. Green and yellow long take profit and stop loss area and green and yellow long take profit and stop loss fork. Once a long position is held, there is a conditional order for take profit and stop loss. The green horizontal line is the long take profit ratio line, and the yellow is the long stop loss ratio line; the green cross indicates the long take profit price, and the yellow cross indicates the long position. Stop loss price. It's worth noting that the prongs and wires don't necessarily go together. Because of the optimization of the algorithm, for a strong market, the take profit will occur after breaking the take profit line, and the profit will not be taken until the price falls. 4. The purple and red short take profit and stop loss area and the purple red short stop loss fork. Once a short position is held, there will be a take profit and stop loss conditional order, the red is the short take profit ratio line, and the purple is the short stop loss ratio line; the red cross indicates the short take profit price, and the purple cross indicates the short stop loss price. 5. In addition to the above signs, there are also text and numbers indicating the profit and loss values ​​of long and short positions. "L" means long; "S" means short; "XL" means close long; "XS" means close short. TradingView Strategy Tester Panel: The overview graph is an intuitive graph that plots the blue (gain) and red (loss) curves of all backtest periods together, and notes: the absolute value and percentage of net profit, the number of all closed positions, the winning percentage, the profit factor, The maximum trading loss, the absolute value and ratio of the average trading profit and loss, and the average number of K-lines held in all trades. Another is the performance summary. This is to display all long and short statistical indicators of backtesting in the form of a list, such as: net profit, gross profit, Sharpe ratio, maximum position, commission, times of profit and loss, etc. Finally, the transaction list is a table indexed by the transaction serial number, showing the signal direction, date and time, price, profit and loss, accumulated profit and loss, maximum transaction profit, transaction loss and other values. Remarks Finally, I will explain that this is just the beginning of this model. I will continue to optimize the trading system of the second layer. Various optimization feedback and suggestions are welcome. For valuable feedback, I am willing to provide some L4/L5 technical indicators as rewards for free subscription rights.
Indicateur Pine Script™
par blackcat1402
Weis pip zigzag jayyWhat you see here is the Weis pip zigzag wave plotted directly on the price chart.  This script is the companion to the Weis pip wave (  ) which is plotted in the lower panel of the displayed chart and can be used as an alternate way of plotting the same results.  The Weis pip zigzag wave shows how far in terms of price a Weis wave has traveled through the duration of a Weis wave.  The Weis pip zigzag wave is used in combination with the Weis cumulative volume wave.  The two waves must be set to the same "wave size". To use this script you must set the wave size.  Using the traditional Weis method simply enter the desired wave size in the box "Select Weis Wave Size"  In this example, it is set to 5.  Each wave for each security and each timeframe requires its own wave size.  Although not the traditional method a more automatic way to set wave size would be to use ATR.  This is not the true Weis method but it does give you similar waves and, importantly, without the hassle described above. Once the Weis wave size is set then the pip wave will be shown. I have put a pip zigzag of a 5 point Weis wave on the bar chart - that is a different script.  I have added it to allow your eye to see what a Weis wave looks like.  You will notice that the wave is not in straight lines connecting wave tops to bottoms this is a function of the limitations of Pinescript version 1.  This script would need to be in version 4 to allow straight lines.  There are too many calculations within this script to allow conversion to Pinescript version 4 or even Version 3.  I am in the process of rewriting this script to reduce the number of calculations and streamline the algorithm.    The numbers plotted on the chart are calculated to be relative numbers.  The script is limited to showing only three numbers vertically.  Only the highest three values of a number are shown.  For example, if the highest recent pip value is 12,345 only the first 3 numerals would be displayed ie 123.  But suppose there is a recent value of 691.  It would not be helpful to display 691 if the other wave size is shown as 123. To give the appropriate relative value the script will show a value of 7 instead of 691. This informs you of the relative magnitude of the values.  This is done automatically within the script.  There is likely no need to manually override the automatically calculated value.  I will create a video that demonstrates the manual override method. What is a Weis wave?  David Weis has been recognized as a Wyckoff method analyst he has written two books one of which, Trades About to Happen, describes the evolution of the now popular Weis wave.  The method employed by Weis is to identify waves of price action and to compare the strength of the waves on characteristics of wave strength.  Chief among the characteristics of strength is the cumulative volume of the wave.  There are other markers that Weis uses as well for example how the actual price difference between the start of the Weis wave from start to finish.  Weis also uses time, particularly when using a Renko chart.  Weis specifically uses candle or bar closes to define all wave action ie a line chart.   David Weis did a futures  io video which is a popular source of information about his method. This is the identical script with the identical settings but without the offending links. If you want to see the pip Weis method in practice then search Weis pip wave.  If you want to see Weis chart in pdf then message me and I will give a link or the Weis pdf.  Why would you want to see the Weis chart for May 27, 2020?  Merely to confirm the veracity of my algorithm.  You could compare my Weis chart here () from the same period to the David Weis chart from May 27. Both waves are for the ES!1 4 hour chart and both for a wave size of 5. 
Indicateur Pine Script™
par jayy
22
Triple Moving Average HeatmapHi everyone I didn't publish on Friday because I was working on an Expert Advisor in MT4. The day I don't publish, some scripts spamming guys published many (not useful) scripts the same to kick me out of the TOP #1 ranking. So what I'm going to do about it? crying or sharing more quality scripts than before? :) I guess you know the answer :) I'm gonna share a few quality scripts that I have in my library. I noticed that you guys tend to like more the scripts useful for your trading actually making you money rather than a copy-paste (of another copy-paste) Alright, enough for the trolling now let's introduce the Three MA heatmap which is an upgrade of that script : MA-heatmap-Double-cross-edition/ The challenge was to keep the heatmap not rolling and to make it match with the MA cross. I did it using this ``` since_ma_buy = barssince(macrossover) since_ma_sell = barssince(macrossunder) heatmap_color() => since_ma_buy < since_ma_sell ? color.new(color.green, 20) : since_ma_buy > since_ma_sell ? color.new(color.red, 20) : na ``` This is a technique that I found after drinking three glasses of red wine (#french) to keep the heatmap stable and not rolling. To get what I'm saying I invite you to replace the piece of code above by what everyone would normally do ``` heatmap_color() => macrossunder() ? color.new(color.green, 20) : macrossover() ? color.new(color.red, 20) : na ``` Ah and I'm not done sharing for the day, a few scripts are coming also after that one and tonight !!!!! I want to live in a world where you guys can enjoy quality scripts (mostly) :) PS ____________________________________________________________ Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future. - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Indicateur Pine Script™
par Daveatt
6
Dragon-Bot - Default ScriptDragon-Script is a framework to make it as easy as possible to test your own strategies and set alerts for external execution bots. This is the alerts version of the script. The script has many features build in, like: 1) A ping/pong mechanism between longs and shorts 2) A stop-loss 3) Trailing Stops with several ways to calculate them. 4) 2 different ways to flip from long to short. The script is divided into several parts. The first part of the script is used to set all the variables. You should normally never change the first part except for the comments at the top. The second part of the script is the part where you initialise all your indicators. Several indicators can be found on Tradingview and on other sites. Please keep in mind that all the variable names used in the indicator should be unique. (all the … = … parts) The third part of the script, is the most important part of the script. Here you can create the entry and exit points. Let’s look at the OPENLONG function to explain this part: The first variables are all the possible entries; These are longentry1 till longentry5. You can add many more if you like. The variables are all initialised as being false. This way the script can set a value to true if an entry happens. The if function is the actual logic: You could say “if this is true” then (the line below the if function) longentry1 := (becomes) true. In this case we have said: “if this is true” then (the line below the if function) longentry1 := (becomes) true when the current close is larger than the close that is 1 back. The last part is the makelong_funct. This part says that if any of the entries are true, the whole function is true. The last part of the script is the actual execution. Here the alerts are plotted and the back test strategies are opened and closed. We hope you guys like it and all feedback is welcome!
Indicateur Pine Script™
par Dragon-Bot
1
Top-Down Trend and Key Levels with Swing Points//by antaryaami0 Overview The “Top-Down Trend and Key Levels with Swing Points” indicator is a comprehensive tool designed to enhance your technical analysis by integrating multiple trading concepts into a single, easy-to-use script. It combines higher timeframe trend analysis, key price levels, swing point detection, and ranging market identification to provide a holistic view of market conditions. This indicator is particularly useful for traders who employ multi-timeframe analysis, support and resistance levels, and price action strategies. Key Features 1. Higher Timeframe Trend Background Shading: • Purpose: Identifies the prevailing trend on a higher timeframe to align lower timeframe trading decisions with the broader market direction. • How it Works: The indicator compares the current higher timeframe close with the previous one to determine if the trend is up, down, or ranging. • Customization: • Trend Timeframe: Set your preferred higher timeframe (e.g., Daily, Weekly). • Up Trend Color & Down Trend Color: Customize the background colors for uptrends and downtrends. • Ranging Market Color: A separate color to indicate when the market is moving sideways. 2. Key Price Levels: • Previous Day High (PDH) and Low (PDL): • Purpose: Identifies key support and resistance levels from the previous trading day. • Visualization: Plots horizontal lines at PDH and PDL with labels. • Customization: Option to show or hide these levels and customize their colors. • Pre-Market High (PMH) and Low (PML): • Purpose: Highlights the price range during the pre-market session, which can indicate potential breakout levels. • Visualization: Plots horizontal lines at PMH and PML with labels. • Customization: Option to show or hide these levels and customize their colors. 3. First 5-Minute Marker (F5H/F5L): • Purpose: Marks the high or low of the first 5 minutes after the market opens, which is significant for intraday momentum. • How it Works: • If the first 5-minute high is above the Pre-Market High (PMH), an “F5H” label is placed at the first 5-minute high. • If the first 5-minute high is below the PMH, an “F5L” label is placed at the first 5-minute low. • Visualization: Labels are placed at the 9:35 AM candle (closing of the first 5 minutes), colored in purple by default. • Customization: Option to show or hide the marker and adjust the marker color. 4. Swing Points Detection: • Purpose: Identifies significant pivot points in price action to help recognize trends and reversals. • How it Works: Uses left and right bars to detect pivot highs and lows, then determines if they are Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), or Lower Lows (LL). • Visualization: Plots small markers (circles) with labels (HH, LH, HL, LL) at the corresponding swing points. • Customization: Adjust the number of left and right bars for pivot detection and the size of the markers. 5. Ranging Market Detection: • Purpose: Identifies periods when the market is consolidating (moving sideways) within a defined price range. • How it Works: Calculates the highest high and lowest low over a specified period and determines if the price range is within a set percentage threshold. • Visualization: Draws a gray box around the price action during the ranging period and labels the high and low prices at the end of the range. • Customization: Adjust the range detection period and threshold, as well as the box color. 6. Trend Coloring on Chart: • Purpose: Provides a visual cue for the short-term trend based on a moving average. • How it Works: Colors the candles green if the price is above the moving average and red if below. • Customization: Set the moving average length and customize the uptrend and downtrend colors. How to Use the Indicator 1. Adding the Indicator to Your Chart: • Copy the Pine Script code provided and paste it into the Pine Script Editor on TradingView. • Click “Add to Chart” to apply the indicator. 2. Configuring Inputs and Settings: • Access Inputs: • Click on the gear icon next to the indicator’s name on your chart to open the settings. • Customize Key Levels: • Show Pre-Market High/Low: Toggle on/off. • Show Previous Day High/Low: Toggle on/off. • Show First 5-Minute Marker: Toggle on/off. • Set Trend Parameters: • Trend Timeframe for Background: Choose the higher timeframe for trend analysis. • Moving Average Length for Bar Color: Set the period for the moving average used in bar coloring. • Adjust Ranging Market Detection: • Range Detection Period: Specify the number of bars to consider for range detection. • Range Threshold (%): Set the maximum percentage range for the market to be considered ranging. • Customize Visuals: • Colors: Adjust colors for trends, levels, markers, and ranging market boxes. • Label Font Size: Choose the size of labels displayed on the chart. • Level Line Width: Set the thickness of the lines for key levels. 3. Interpreting the Indicator: • Background Shading: • Green Shade: Higher timeframe is in an uptrend. • Red Shade: Higher timeframe is in a downtrend. • Gray Box: Market is ranging (sideways movement). • Key Levels and Markers: • PDH and PDL Lines: Represent resistance and support from the previous day. • PMH and PML Lines: Indicate potential breakout levels based on pre-market activity. • F5H/F5L Labels: Early indication of intraday momentum after market open. • Swing Point Markers: • HH (Higher High): Suggests bullish momentum. • LH (Lower High): May indicate a potential bearish reversal. • HL (Higher Low): Supports bullish continuation. • LL (Lower Low): Indicates bearish momentum. • Ranging Market Box: • Gray Box Around Price Action: Highlights consolidation periods where breakouts may occur. • Range High and Low Labels: Provide the upper and lower bounds of the consolidation zone. 4. Applying the Indicator to Your Trading Strategy: • Trend Alignment: • Use the higher timeframe trend shading to align your trades with the broader market direction. • Key Levels Trading: • Watch for price reactions at PDH, PDL, PMH, and PML for potential entry and exit points. • Swing Points Analysis: • Identify trend continuations or reversals by observing the sequence of HH, HL, LH, and LL. • Ranging Market Strategies: • During ranging periods, consider range-bound trading strategies or prepare for breakout trades when the price exits the range. • Intraday Momentum: • Use the F5H/F5L marker to gauge early market sentiment and potential intraday trends. Practical Tips • Adjust Settings to Your Trading Style: • Tailor the indicator’s inputs to match your preferred timeframes and trading instruments. • Combine with Other Indicators: • Use in conjunction with volume indicators, oscillators, or other technical tools for additional confirmation. • Backtesting: • Apply the indicator to historical data to observe how it performs and refine your settings accordingly. • Stay Updated on Market Conditions: • Be aware of news events or economic releases that may impact market behavior and the effectiveness of technical levels. Customization Options • Time Zone Adjustment: • The script uses “America/New_York” time zone by default. Adjust the timezone variable in the script if your chart operates in a different time zone. var timezone = "Your/Timezone" • Session Times: • Modify the Regular Trading Session and Pre-Market Session times in the indicator settings to align with the trading hours of different markets or exchanges. • Visual Preferences: • Colors: Personalize the indicator’s colors to suit your visual preferences or to enhance visibility. • Label Sizes: Adjust label sizes if you find them too intrusive or not prominent enough. • Marker Sizes: Further reduce or enlarge the swing point markers by modifying the swing_marker_size variable. Understanding the Indicator’s Logic 1. Higher Timeframe Trend Analysis: • The indicator retrieves the closing prices of a higher timeframe using the request.security() function. • It compares the current higher timeframe close with the previous one to determine the trend direction. 2. Key Level Calculation: • Previous Day High/Low: Calculated by tracking the highest and lowest prices of the previous trading day. • Pre-Market High/Low: Calculated by monitoring price action during the pre-market session. 3. First 5-Minute Marker Logic: • At 9:35 AM (end of the first 5 minutes after market open), the indicator evaluates whether the first 5-minute high is above or below the PMH. • It then places the appropriate label (F5H or F5L) on the chart. 4. Swing Points Detection: • The script uses ta.pivothigh() and ta.pivotlow() functions to detect pivot points. • It then determines the type of swing point based on comparisons with previous swings. 5. Ranging Market Detection: • The indicator looks back over a specified number of bars to find the highest high and lowest low. • It calculates the percentage difference between these two points. • If the difference is below the set threshold, the market is considered to be ranging, and a box is drawn around the price action. Limitations and Considerations • Indicator Limitations: • Maximum Boxes and Labels: Due to Pine Script limitations, there is a maximum number of boxes and labels that can be displayed simultaneously. • Performance Impact: Adding multiple visual elements (boxes, labels, markers) can affect the performance of the script on lower-end devices or with large amounts of data. • Market Conditions: • False Signals: Like any technical tool, the indicator may produce false signals, especially during volatile or erratic market conditions. • Not a Standalone Solution: This indicator should be used as part of a comprehensive trading strategy, including risk management and other forms of analysis. Conclusion The “Top-Down Trend and Key Levels with Swing Points” indicator is a versatile tool that integrates essential aspects of technical analysis into one script. By providing insights into higher timeframe trends, highlighting key price levels, detecting swing points, and identifying ranging markets, it equips traders with valuable information to make more informed trading decisions. Whether you are a day trader looking for intraday opportunities or a swing trader aiming to align with the broader trend, this indicator can enhance your chart analysis and trading strategy. Disclaimer Trading involves significant risk, and it’s important to understand that past performance is not indicative of future results. This indicator is a tool to assist in analysis and should not be solely relied upon for making trading decisions. Always conduct thorough research and consider seeking advice from financial professionals before engaging in trading activities.
Indicateur Pine Script™
par antaryaami0
Candle Average PriceOverview The Candle Average Price indicator is a custom tool designed to help traders identify key price levels by calculating and displaying the average price of recent candles on your TradingView chart. This indicator computes the average price based on a user-defined percentage of each candle's range over a specified number of candles. It then plots a horizontal line representing this average, covering only the last N candles as defined by you. Key Features Customizable Number of Candles: Define how many past candles to include in the average calculation. Adjustable Percentage Level: Choose any percentage of each candle's range (from low to high) to calculate the price level. Dynamic Horizontal Line: The indicator plots a horizontal line representing the calculated average, updating with each new bar and covering only the specified number of candles. How It Works Price at Specified Percentage: For each candle, the indicator calculates a price level at your chosen percentage within the candle's range. Formula: Price = Low + (Percentage Level / 100) * (High - Low) Average Price Calculation: It computes the average of these price levels over the last N candles. Formula: Average Price = Sum of Price Levels over N Candles / N Horizontal Line Plotting: A horizontal line is drawn at the calculated average price level. The line spans from N candles ago to the current candle, covering exactly the number of candles specified. Input Parameters Number of Candles (length): Description: The number of recent candles over which the average is calculated. Default Value: 4 Range: 1 to any positive integer. Usage: Adjust this to include more or fewer candles in the calculation. A higher number smooths the average, while a lower number makes it more responsive to recent price changes. Percentage Level (%): Description: The percentage within each candle's range to calculate the price level. Default Value: 50% Range: 0% (candle low) to 100% (candle high). Usage: Modify this to focus on different parts of each candle: 0%: Uses the low of each candle. 50%: Uses the midpoint of each candle. 100%: Uses the high of each candle. Custom Percentage: Any value between 0% and 100% to target specific levels. How to Use the Indicator Adding the Indicator to Your Chart: Open the TradingView chart of your preferred financial instrument. Click on Indicators at the top of the chart. Select Invite-Only Scripts if you've saved the script there, or use the Pine Editor to paste and apply the script. Configuring the Settings: After adding the indicator, click on the gear icon ⚙️ next to its name to open settings. Adjust the Number of Candles (length) to your desired period. Set the Percentage Level (%) (percentage) to the specific level within each candle's range you want to analyze. Interpreting the Horizontal Line: The horizontal line represents the average price calculated based on your inputs. It updates with each new bar, always reflecting the most recent data over the specified number of candles. The line only spans the last N candles, providing a focused view of recent price action. Practical Applications Identifying Support and Resistance Levels: The average price line can act as a dynamic support or resistance level. Traders can watch for price reactions around this line to make trading decisions. Trend Analysis: Observing how the price interacts with the average line can provide insights into the current trend's strength and potential reversals. Entry and Exit Signals: Use the line as a reference point for setting stop-loss orders or taking profits. Combine it with other indicators for more robust trading signals. In highly volatile markets, consider increasing the number of candles to avoid false signals. Limitations and Considerations Not a Standalone Tool: This indicator should not be used in isolation for making trading decisions. Always consider additional analysis. Market Conditions Matter: The indicator may perform differently in trending markets versus ranging markets. Data Refresh: Ensure you have a stable internet connection and that your TradingView chart is set to the correct time frame. Conclusion The Candle Average Price indicator is a flexible and user-friendly tool that provides valuable insights into recent price action by calculating the average price based on your specific criteria. By adjusting the parameters to suit your trading style, you can incorporate this indicator into your technical analysis to help identify potential trading opportunities. Disclaimer: Trading financial instruments involves risk, and past performance is not indicative of future results. This indicator is a tool to assist in analysis and should not be considered financial advice. Happy Trading!
Indicateur Pine Script™
par shkspr
Asian Range IndicatorIndicator Name: Asian Range Indicator Description: This TradingView indicator is designed to accurately detect the price range during the Asian session, based on our trading strategy. This range is crucial for planning trades in the European and American sessions. Using advanced algorithms, the indicator automatically identifies and plots the highs and lows within the Asian session period, highlighting them on the chart with shaded areas for clear visualization. This helps traders anticipate breakouts and set more precise entry and exit levels. How to Use the Indicator: Add the indicator to your TradingView chart. Observe the shaded areas representing the Asian range. Use these levels to plan your trades during the European and American sessions. Combine with other technical indicators to confirm your trading decisions. Chart: The chart published with this script is clean and easy to understand, clearly showing the Asian range highlighted with shaded areas. No other scripts are included, ensuring the indicator's output is easily identifiable. The shaded areas contribute to the visual understanding of the Asian range, helping traders effectively use the script.
Indicateur Pine Script™
par CriptoMistico
2
Wave LineWave Line is a chart type obtained by plotting the High and Low values in each time interval according to their sequential order. This method produces a continuous line rather than bars, which is beneficial for analyzing changes within each interval rather than focusing on the price range and open/close values. E.g for Wave Analysis. How to use: 1. Adjust the interval unit and multiplier for the main timeframe. 2. Ideally, select a lower timeframe on your chart, approximately 5 times smaller than the one specified for the script. 3. Lower Timeframe is the timeframe which will be the scripts reference when the high and low of the main timeframe align on a single bar of the opened chart. This timeframe may also be 5-10 times smaller than the main timeframe. It is important to note that this should not be excessively smaller as the script may fail in retrieving data. An alternative method is included to estimate the order if it is not clear in the fetched data. 4. Set a preferred value for Monowave Length, indicating the number of bars a monowave will cover horizontally. Set the value to be half of the Interval Multiplier for the Wave Line to align with the bar chart. However if the multiplier is an odd number, perfect alignment may not be achieved. 5. Ensure that the product of Max Polyline Segments and Monowave length does not exceed 5000, and adjust the value for Max Polyline Segments accordingly.
Indicateur Pine Script™
par RezzaHmt
RSI Graphique and Dashboard MTFMTF RSI Indicator - User Guide Introduction: The MTF RSI (Multi-Timeframe Relative Strength Index) Pine Script is designed to provide traders with a comprehensive view of the RSI (Relative Strength Index) across multiple timeframes. The script includes a primary chart displaying RSI values and a dashboard summarizing RSI trends for different time intervals. Installation: Copy the provided Pine Script. Open the TradingView platform. Create a new script. Paste the copied code into the script editor. Save and apply the script to your chart. Primary Chart: The primary chart displays RSI values for the selected timeframe (5, 15, 60, 240, 1440 minutes). different color lines represent RSI values for different timeframes. Overbought and Oversold Levels: Overbought levels (70) are marked in red, while oversold levels (30) are marked in blue for different timeframes. Dashboard: The dashboard is a quick reference for RSI trends across multiple timeframes. Each row represents a timeframe with corresponding RSI trend information. Arrows (▲ for bullish, ▼ for bearish) indicate the current RSI trend. Arrow colors represent the trend: blue for bullish, red for bearish. Settings: Users can customize the RSI length, background color, and other parameters. The background color of the dashboard can be adjusted for light or dark themes. Interpretation: Bullish Trend: ▲ arrow and blue color. Bearish Trend: ▼ arrow and red color. RSI values above 70 may indicate overbought conditions, while values below 30 may indicate oversold conditions. Practical Tips: Timeframe Selection: Consider the trend alignment across different timeframes for comprehensive market analysis. Confirmation: Use additional indicators or technical analysis to confirm RSI signals. Backtesting: Before applying in live trading, conduct thorough backtesting to evaluate the script's performance. Adjustment: Modify settings according to your trading preferences and market conditions. Disclaimer: This script is a tool for technical analysis and should be used in conjunction with other indicators. It is not financial advice, and users should conduct their own research before making trading decisions. Adjust settings based on personal preferences and risk tolerance. Use the script responsibly and at your own risk.
Indicateur Pine Script™
par SESE04
2
Liquidation Ranges + Volume/OI Dots [Kioseff Trading]Hello! Introducing a multi-faceted indicator "Liquidation Ranges + Volume Dots" - this indicator replicates the volume dot tools found on various charting platforms and populates a liquidation range on crypto assets! Features Volume/OI dots populated according to user settings Size of volume/OI dots corresponds to degree of abnormality Naked level volume dots Fixed range capabilities for volume/OI dots Visible time range capabilities for volume/OI dots Lower timeframe data used to discover iceberg orders (estimated using 1-minute data) S/R lines drawn at high volume/OI areas Liquidation ranges for crypto assets (10x - 100x) Liquidation ranges are calculated using a popular crypto exchange's method # of violations of liquidation ranges are recorded and presented in table Pertinent high volume/OI price areas are recorded and presented in table Personalized coloring for volume/OI dots Net shorts / net long for the price range recorded Lines shows reflecting net short & net long increases/decreases Configurable volume/OI heatmap (displayed between liquidation ranges) And some more (: Liquidation Range The liquidation range component of the indicator uses a popular crypto exchange's calculation (for liquidation ranges) to populate the chart for where 10x - 100x leverage orders are stopped out. The image above depicts features corresponding to net shorts and net longs. The image above shows features corresponding to liquidation zones for the underlying coin. The image above shows the option to display volume/oi delta at the time the corresponding grid was traded at. The image above shows an instance of using the "fixed range" feature for the script. *The average price of the range is calculated to project liquidation zones. *Heatmap is calculated using OI (or volume) delta. Huge thank you to Pine Wizard @DonovanWall for his range filter code! Price ranges are automatically detected using his calculation (: Volume / OI Dots Similar to other charting platforms, the volume/OI dots component of the indicator distinguishes "abnormal" changes in volume/OI; the detected price area is subsequently identified on the chart. The detection method uses percent rank and calculates on the last bar of the chart. The "agelessness" of detection is contingent on user settings. The image above shows volume dots in action; the size of each volume dot corresponds to the amount of volume at the price area. Smaller dots = lower volume Larger dots = higher volume The image above exemplifies the highest aggression setting for volume/OI dot detection. The table oriented top-right shows the highest volume areas (discovered on the 1-minute chart) for the calculated period. The open interest change and corresponding price level are also shown. Results are listed in descending order but can also be listed in order of occurrence (most relevant). Additionally, you can use the visible time range feature to detect volume dots. The feature shows and explains how the visible range feature works. You select how many levels you want to detect and the script will detect the selected number of levels. For instance, if I select to show 20 levels, the script will find the 20 highest volume/OI change price areas and distinguish them. The image above shows a narrower price range. The image above shows the same price range; however, the script is detecting the highest OI change price areas instead of volume. * You can also set a fixed range with this feature * Naked levels can be used Additionally, you can select for the script to show only the highest volume/ OI change price area for each bar. When active, the script will successively identify the highest volume / OI change price area for the most recent bars. Naked Levels The image above shows and explains how naked levels can be detected when using the script. And that's pretty much it! Of course, there're a few more features you can check out when you use the script that haven't been explained here (: Thank you again to @DonovanWall Thank you to @Trendoscope for his binary insertion sort library (: Thank you to @PineCoders for their time library Thank you for checking this out!
Indicateur Pine Script™
par KioseffTrading
59
EMA + Supertrend with BUY a SELL signals by @zeusbottradingwe are presenting you new indicator with opensource script, this indicator uses 3x EMAs and 2 supertrends. Supertrends generate SELL or BUY labels when they are both red or green, meaning uptrend or downtrend.  Main idea behind this indicator is filtering supertrend labels by 3 EMAs (filter>All EMAs Aligned) or just 1 EMA 200  Only. EMA (Esxponential Moving Average) measures trend direction over a period of time . EMA should follow price section more closely than others moving averages. In the script is defaulty set EMA1 to calculet on 21 previouse candles which is good for calculating fast moving trends. EMA2 is defaulty set on 50 previouse candles which is use for medium moving trends. End lastly EMA3 is defaulty set on 200 candles to calculate long period moving trend. You can setup sources of all EMAs and Supertrend values including ATR period and multiplier. We also included Bearish and Bullish Engulfing candles for more precise entries. Bearish and Bullish Engulfing candels are marked by little triangle. Bearish candles means red candles, Bullish candles means green candles. Engulfing candles should be bigger than previouse candle. Engulfing candles used to indicate a market reversal Buy signal is shown when close is between ATRs and close price of the candle is bigger than EMA3 when its used in Filter section 200 EMA Only . If in Filter section is choosed ALL EMAs Aligned Buy signal is shown when close is between ATRs and close price of the candle is bigger than EMA1 , EMA1 is bigger than EMA2 and EMA2 is bigger than EMA3 . Sell signal is shown when close is between ATRs and close price of the candle is lower than EMA3 when its used in Filter section 200 EMA Only . If in Filter section is choosedALL EMAs Aligned Sell signal is shown when close is between ATRs and close price of the candle is lower than EMA1, EMA1 is lower than EMA2 and EMA2 is lower than EMA3 . ATR (Average True Range) it is trading system that measures market volatility by decomposing the entire range of an asset price for choosen period. You can use this indicator on any timeframe and any instrument. Made with ❤️ for this community. If you have any questions or suggestions, let us know. The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold zeusbottrading TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script.
Indicateur Pine Script™
par zeusbottrading
6
Multi PivotsThis script is meant for day traders. It's based on the CPR concepts. The pivots plots based on the timeframe, means less that 15minuts it will plot daily pivots, less that daily tf, it plots weekly and then monthly. It also includes Camarillas, ADR levels, Fibonacci levels based on last 500 candles, Fib pivots, Pivot zones, developing pivot, Vwap, Dashboard shows RSI,ADX,Vwap,SuperTrend and day price difference. Options available to plot Day HighLow, Initial Balance levels as well. There is option to show running CPR which highlights virgin CPR. It can plot next day pivots as well I dont own any of codes or ideas in the script. Codes are taken from different scripts and altered based on the requirements. Kudos to all the great pinecoders who provided their codes as public which helps everyone. Thanks
Indicateur Pine Script™
par tyffy_2k
4
DMI StrategyThis strategy is based on DMI indicator. It helps me to identify base or top of the script. I mostly use this script to trade in Nifty bank options, even when the signal comes in nifty . It can be used to trade in other scripts as well. Pivot points can also be used to take entry. Long entry is taken when DI+(11) goes below 10 and DI-(11) goes above 40 , whereas short entry is taken when DI-(11) goes below 10 and DI+(11) goes above 40. For bank nifty , I take the trade in the strike price for which the current premium is nearby 300, with the SL of 20%. If premium goes below 10% I buy one more lot to average, but exit if the premium goes below 20% of the first entry. If the trade moves in the correct direction, we need to start trailing our stoploss or exit at the pre-defined target. As this a strategy, there is one problem. While we are in the phase of "long", if again the "long" phase comes, it will not be shown on chart until a "short" phase has come, and vice versa. This has been resolved by creating an indicator instead of strategy with the name of "DMI Buy-sell on chart". Please go through that to get more entry points. Please have a look at strategy tester to back test
Stratégie Pine Script™
par email_analysts
3LS | 3 Line Strike Strategy [Kintsugi Trading]What is the 3LS | 3 Line Strike Strategy? Incorporating the 3 Line Strike candlestick pattern into our strategy was inspired by Arty at The Moving Average and the amazing traders at TheTrdFloor . The Three Line Strike is a trend continuation candlestick pattern consisting of four candles. Depending on their heights and collocation, a bullish or a bearish trend continuation can be predicted. In a symphony of trend analysis, price action, and volume we can find and place high-probability trades with the 3LS Strategy. How to use it! ----- First, start by choosing a Stop-Loss Strategy, Stop PIP Size, and Risk/Reward Ratio ----- - Stop-Loss Strategy Fixed PIP Size – This uses the top/bottom of the indicator candle and places a TP based on the chosen Risk:Reward ratio. ATR Trail (No set Target Profit, only uses ATR Stop) ATR Trail-Stop (Has set Target Profit, however, stop is based on ATR inputs) **If you choose an ATR Stop-Loss Strategy - input the desired ATR period and Multiple you would like the stop to be calculated at** **ATR Stop-Loss Strategies have a unique alert setup for Auto-Trading. See Auto-Trading Section** - Risk/Reward Ratio = If you have a .5 risk/reward, it means you are risking $100 to make $50. - Additional Stop PIP Size = Number of PIPs over the default stop location of the top or bottom of the indicator candle. ----- Next, we set the Session Filter ----- Set the Timezone and Trade Session you desire. If no specific session is desired, simply set the Trade Session to 00:00 - 00:00. ----- Next, we set the Moving Average Cloud Fill ----- Enter the Fast and Slow Moving Average Length used to calculate trend direction: MA Period Fast MA Period Slow These inputs will determine whether the strategy looks for Long or Short positions. ----- Next, we set the VSA – Volume Spread Analysis Settings ----- Check the box to show the indicator at the bottom of the chart if desired. This is just a different visual output of the VSA | Volume Spread Analysis indicator available for free under the community indicators tab. You can add that indicator to your chart and see the same output in candle format. In combination with the Moving Average Cloud, the Volume Spread Analysis will help us determine when to take a trade and in what direction. The strategy is essentially looking for small reversals going against the overall trend and placing a trade once that reversal ends and the price moves back in the direction of the overall trend. The 3LS Strategy utilizes confirmation between trend, volume, and price action to place high probability trades. The VSA is completely customizable by: Moving Average Length MA-1 Multiplier MA-2 Multiplier MA-3 Multiplier Check out the VSA | Volume Spread Analysis indicator in the community scripts section under the indicators tab to use this awesome resource on other strategies. ----- Next, we have the option to view the automated KT Bull/Bear Signals ----- Check the boxes to show the buy-sell signal on the chart if desired. ----- Next, we set the risk we want to use if Auto Trading the strategy ----- I always suggest using no more than 1-3% of your total account balance per trade. Remember, if you have multiple strategies triggering per day with each using 1%, the total percent at risk will be much larger. For Example – if you have 10 strategies each risking 1% your total risk is 10% of your account, not 1%! Be mindful to only use 1-3% of your total account balance across all strategies, not just each individual one. ----- Finally, we backtest our ideas ----- After using the 'Strategy Tester' tab on TradingView to thoroughly backtest your predictions you are ready to take it to the next level - Automated Trading! This was my whole reason for creating the script. If you work a full-time job, live in a time zone that is hard to trade, or just don't have the patience, this will be a game-changer for you as it was for me. Auto-Trading When it comes to auto-trading this strategy I have included two options in the script that utilize the alert messages generated by TradingView. *Note: Please trade on a demo account until you feel comfortable enough to use real money, and then please stick to 1%-2% of your total account value in risk per trade.* AutoView PineConnector **ATR Auto-Trading Alert Setup** How to create alerts on 3 Line Strike Strategy For Trailing Stops: 1) Adjust autoview/pineconnector settings 2) Click "add alert" 3) Select "Condition" = Strategy Name 4) Select "Order Fills Only" from the drop-down 3) Remove template message text from "message" box and place the exact text. '{{strategy.order.alert_message}}' 4) Click "create" For Fixed Pip Stop: 1) Adjust autoview/pineconnector settings 2) Click "add alert" 3) Select "Condition" = Strategy Name 4) Select "alert() function calls only" 5) I like to title my Alert Name the same thing I named it as an Indicator Template to keep track Good luck with your trading!
Stratégie Pine Script™
par KintsugiTrading
7