Fibonacci-Trading-Indicator_2 (Code-Änderung)Tägliche Gewinne mit dem Fibonacci-Trading Indikator
Die Notierungen bewegen sich in liquiden Märkten in Fibonacci-Verhältnissen. Mit diesem Indikator erhalten Sie für Tagesgeschäfte und für Positionstrades auf Basis einer Woche oder eines Monats Informationen, wo Sie in den Markt einsteigen sollten und was das mindeste erreichbare Kursziel ist. Dieses Kursziel liegt bei 61,8% der gestrigen Handelspanne, der Handelspanne der Vorwoche oder der Handelspanne des Vormonats. Dort realisieren Sie Ihre Gewinne.
Erforderliche Eingaben im Eigenschaftenfenster des Indikators:
• Vorwahl Aufwärtstrend/ Abwärtstrend.
• Zeitrahmen des Kursbalkens für das zu ermittelnde mögliche Hoch/ Tief.
• Handelspanne der vorherigen Periode.
• Aktuell tiefstes Tief des vorgewählten Zeitrahmens, wenn die Notierungen steigen.
• Aktuell höchstes Hoch des vorgewählten Zeitrahmens, wenn die Notierungen fallen.
Für die Erkennung der Bewegungsrichtung kann der Camelback-Indikator eine gute Hilfe sein.
Ausgaben im Chart sind die möglichen Kurslevels, für das mögliche Hoch oder Tief des Kursbalkens im eingestellten Zeitrahmen des Trading-Indikators.
Wichtige Bereiche für das Trading sind folgende Kurslevels:
• Einstiegsbereich 0% - 14,6% oder 0% - 23,6%
• Kursziellevel 61,8%
Kaufen/ verkaufen Sie innerhalb des Einstiegsbereichs zwischen 0% und 23,6%, während der Markt die Bewegungsrichtung vorgibt und sich in Richtung des long-/ oder short-Einstiegspunktes bewegt. Das sind jeweils die Kurslevels bei 14,6% oder 23,6%. Der 61,8%-Kurslevel ist das mindeste erwartbare Kursziel. Wir gehen davon aus, dass der aktuelle Kursbalken mindestens 61,8% der Handelsspanne, der vorherigen Periode erreichen wird. Realisieren Sie deshalb die angelaufenen Gewinne mit 50% der Position, wenn die Notierungen den 61,8% - Level erreicht haben. Mit einem geeigneten Trailing-Stopp lassen Sie sich mit der restlichen Position ausstoppen, riskieren Sie dafür aber nicht mehr als 50 % der angelaufenen Gewinne.
Wählen Sie einen kleinen Zeitrahmen, wenn sich die Notierungen noch im Einstiegsbereich bewegen, um die Richtung des Kursbalkens zu erkennen. Für Positionstrades auf Wochen- oder Monatssicht wird für den Einstieg der Einstiegsbereich 0% - bis 14,6% gewählt. Für Tagesgeschäfte (Zeitrahmen Tag vorgewählt) wird wegen der geringeren Tageshandelspanne der Einstiegsbereich 0% - 23,6% empfohlen.
Mit der Vorwahl Jahr und den entsprechenden Eingaben kann auch das mindeste erwartbare Jahreshoch/ Jahrestief ermittelt werden.
Die Fibonacci-Kurslevels lassen sich ein- und ausblenden. Klicken Sie im Chart auf das Zahnrad für „Chart Einstellungen“. Im Menü „Skalierungen“ kann mit der Vorwahl „Label für Indikatornahmen“ und „Label für letzten Indikatorwert“ die Kurslevels angezeigt werden. Schieben Sie den Chart nach rechts um Unterstützungen und Widerstände an den Kurslevels zu finden.
Bei Eingabefehlern oder fehlenden Eingaben zu einem Zeitrahmen wird der Indikator ausgeblendet.
Achten Sie zur Vermeidung von Verlusten auf ihr Handelsmanagement.
Daily profits with the Fibonacci trading indicator
The quotes move in Fibonacci ratios in liquid markets. With this indicator you receive information for daily trades and position trades based on a week or a month, where you should enter the market and what is the minimum price target that you can achieve. This price target is 61.8% of yesterday's trading range, the trading range of the previous week or the trading range of the previous month.
There you realize your profits.Required entries in the properties window of the indicator:
• Preselection uptrend / downtrend.
• Time frame of the price bar for the possible high / low to be determined.
• previous period trading range.
• Current lowest low of the selected time frame when prices rise.
• Current highest high in the selected time frame when prices fall.
The camelback indicator can be of great help in recognizing the direction of movement.
Outputs in the chart are the possible price levels for the possible high or low of the price bar in the set time frame of the trading indicator.
The following price levels are important areas for trading:
• Entry range 0% - 14.6% or 0% - 23.6%
• Target price level 61.8%
Buy / sell within the entry range between 0% and 23.6% as the market sets the direction of movement and moves towards the long / or short entry point. These are the price levels at 14.6% or 23.6%. The 61.8% price level is the minimum expected price target. We assume that the current bar will reach at least 61.8% of the trading range of the previous period. You should therefore realize the profits you have made with 50% of the position when the prices have reached the 61.8% level. With a suitable trailing stop you can be stopped with the rest of the position, but do not risk more than 50% of the profits.
Choose a small time frame when the quotes are still moving in the entry area to see the direction of the price bar. For position trades on a weekly or monthly perspective, the entry range 0% - to 14.6% is chosen. For day-to-day trades (pre-selected time frame), the entry range 0% - 23.6% is recommended due to the lower daily trading range.With the preselection year and the corresponding entries, the minimum expected annual high / annual low can also be determined.
The Fibonacci price levels can be shown and hidden. In the chart click on the gear wheel for “Chart Settings”. In the “Scaling” menu, the price levels can be displayed with the preselection “Label for indicator names” and “Label for last indicator value”. Slide the chart to the right to find support and resistance at the price levels.
In the event of input errors or missing entries for a time frame, the indicator is hidden.
Pay attention to your trade management to avoid losses.
Recherche dans les scripts pour "entry"
Ichimoku Kinko Hyo + FractalsIn contrast to my Ichimoku ++ Study this is a pure Ichimoku Konko Hyo Study with Bill Williams Fractals (I couldn't leave out the fractals as these levels are too important for Ichimoku trading).
In this study you can find many visualisation options for the Ichimoku Indicator and the signals the Ichimoku Tradingsystem can provide.
Tenkan-sen and Kijun-sen are provided optionally as mtf levels.
An mtf price cloud relationship is shown in the upper right.
The included signals are:
B1/S1 is a strong filtered signal. The condition for long entry is:
price > Kumo AND Chikou > price AND Chikou > Kumo AND Tenkan > Kijun AND Komo is green
B2/S2 is a less filtered signal. The condition for long entry is:
price > Kumo AND Chikou > price AND Tenkan > Kijun
IB/IS is a confluence signal. The condition for a long/short entry is: more than 50% of the 8 defined conditions must trigger a long signal. Below 50% long, it is a short signal because more than 50% of the entry conditions have triggered a short signal.
Crypto TrendThis indicator is based off of the Trend Follower system put together by jiehonglim:
This is a trend following system that combines 3 indicators which provide different functionalities, also a concept conceived by VP's No Nonsense FX / NNFX method. I’m primarily modifying this system for Crypto trading (mostly leveraged Crypto Futures). Suggestions/requests welcome.
New Features:
Added position inputs that will generate position labels
For leverage trading, position inputs will calculate your percentage-based stop loss given your entry, leverage and liquidation price
Added optional horizontal line plots for entry, stop loss, 50% take profit and 100% profit levels.
Added non-plotted Didi calculations for alert condition triggers
Added long and short alerts
These alerts will trigger for any of the 3 following conditions:
Baseline cross with volume confirmation
Didi two line cross with volume confirmation
Didi continuation with volume confirmation
1. Baseline
The main baseline filter is an indicator called Modular Filter created by Alex Grover
- www.tradingview.com
- Alex Grover - Modular Filter
-------
That's the moving average like baseline following price, filtering long and short trends and providing entry signals when the price crosses the baseline.
Entry signal indicated with arrows.
2. Volume / Volatility , I will called it Trend Strength
The next indicator is commonly known as ASH, Absolute Strength Histogram.
This indicator was shared by VP as a two line cross trend confirmation indicator, however I discovered an interesting property when I modified the calculation of the histogram.
- Alex Grover Absolute Strength
-------
My modification and other info here
- Absolute Strength Histogram v2
-------
I simplified the display of the trend strength by plotting squares at the bottom of the chart.
- Lighted Squares shows strength
- Dimmed Squares shows weakness
3. Second Confirmation / Exits / Trailing Stop
Finally the last indicator is my usage of QQE (Qualitative Quantitative Estimation), demonstrated in my QQE Trailing Line Indicator
- QQE Trailing Line for Trailing Stop
-------
Three usages of this amazing indicator, serving as :
- Second trend confirmation
- Exit signal when price crosses the trailing line
- Trailing stop when you scaled out the second trade
This indicator is plotted with crosses.
4. Position Calculator
For non-leveraged trades, set leverage to 1 and liquidation to 0
Fill out the rest of the position field to get labels that will tell you:
Your stop loss given your acceptable percentage of loss for your risk. So, for example if your actual investment is $200 and you’re trading on 20X leverage, you’d like to know what price would have to drop to for you to lose 15% of your $200 risk. This is what the position calculator is doing for you.
Your 50% take profit point
Your 100% take profit point
Check the “Show Position Lines” to plot horizontal lines for entry, stop loss, 50% TP and 100%TP
Alerts
You just get a Long Alert or Short Alert option. This was for two reasons, the first and most important was to reduce the number of alerts needed for this system to get maximum coverage. The second was just to keep things simple. Get an alert for your desired direction for any interesting signal and then check the chart manually to determine if a viable entry has presented itself. The three alert conditions are:
Main trend indicator, baseline cross with volume confirmation
Didi two line cross entry with volume confirmation
Didi continuation signal with volume confirmation
Additional plots and information
Bar Color
- Green for longs, Red for shorts, White when the baseline direction conflicts with the QQE trailing line direction
- When it's white, it's usually ranging and not trending, ASH will also keep you off ranging periods.
-------
ATR Filter
- White circles along the baseline, they will show up if the price has moved more than one ATR from the baseline
- The default allowance is 1 ATR.
-------
The previous and current ATR value
- Label on the right side of the chart showing the previous and current value of ATR
Three EMA Scalp Signals by kmderhamThis script looks for a set up condition where 5 consecutive candles have broken away from the fast EMA (set to 8 by default) followed by a "trigger" candle that crosses back over the fast EMA but not the medium EMA (set to 13 by default). It then determines the entry point based on the bar high or low (not tail or wick) depending on direction of the trend. Once the entry point is crossed, we can enter the position. Win or loss is determined whether the lower or upper levels are crossed (as per trend). After the position is won or lost and if the entry level is re-crossed before a new set up condition is found then a new entry signal is given.
Please note that this should really be used in conjunction with a higher timeframe "Anchor" chart with a fast and a slow EMA so setups and positions should should correspond to the trend of the higher timeframe chart. This was designed for a 5 minute timeframe and a 60 minute anchor chart.
Milan OscillatorBill Williams Breakout Setup
I have referred to the man multiple times whether tweeting about him or writing a blog post. Now I want to relearn how breakout trading works, again. A while ago, my friend invited a bunch of us into a Zoom conference sharing us how his setup works for him. He reintroduced me to Bill Williams' indicators which looked like below.
The rules are simple:
Prices are moving away from Alligator, open and closed above the first time.
AC is twice consecutively at par with the direction.
AO is twice consecutively at par with the direction.
Entry on the third candle to be sure, or the second if you're willing to risk it.
The chart above is an example from the 4 hourly time-frame. Before going into any entry, to get a macro perspective, should check on these time-frames first:
Weekly
3 Days
Daily
Bonus points if monthly time-frame is also at par with the bias. Here are the charts for the larger time-frame.
It's been profitable trading with the above setup but then I have an itch to scratch. I wanted to have just a single oscillator instead of two to look at. It will enable me to make decisions faster and can use my brain juice to think about something else.
So I combined the two to create a new oscillator. I call it the `Milan Oscillator` in honor of my friend Patris who reintroduced me to Bill Williams yet again. Patris' favorite team is AC Milan, here's to you bro 🍺
Here are the same charts above with Milan Oscillator.
The rules are a bit different than the rules above:
No entry when the oscillator is gray, this means AC and AO are disagreeing.
Prices are moving away from Alligator, open and closed above the first time.
Oscillator is twice consecutively at par with the direction.
Entry on the third candle to be sure, or the second if you're willing to risk it.
On lower volume moves, prices will retest alligator, can be an entry if the retest fails.
Feedbacks are appreciated.
InariN simpleJapanese legendary day trader's indicator "InariN" .
"N jijii " introduced this original indicator at his ebook and I made it simple for my own use .
This is not original type but I picked up essential elements to practice his idea .
I guess he is real forex day trader and "InariN" is similar to "Ichimoku" .
I have used this at EUR/USD 5 minutes chart for several months and I get basis for judgement .
This is not a magical tool but you can make good reference point to use this .
I think " I " means first swing , " nari " is " become " and " = " , and " N " is third swing .
For example , look at chart , AB is first swing ,BC is second and CD is third .
In many cases ,AB = CD and it called measured move .
"InariN" provide reference point to decide always-in ,entry point , entry timing and exit point.
1.
"InariN" is a trendfollowing tool , you can judge bull or bear by a few lines .
25 ema represent short time frame , 49 (about 4 hour bar at 5 minutes chart ) is middle time frame and 217 (about 18 hour at 5 minutes chart )is long time frame (preset periods is "N jijii" style . please use favorite time frame ).
For example , when current price is above 25ema ,49ema and 217 High-low band"s middle line , market is strong bull .
So you can do multi time frame analyze .
Hint ; you also have to check daily chart's trend .
2.
Every line provided by "InariN" tends to become bull-bear battle point , so you can easily check where is support and resistance line .
Hint ; Especially 25ema is important to pullback entry in trend and 217 high-low line is important to do fade trade in range and reversal .
You have to wait entry until touch and stick lines and follow winner (to avoid failed breakout check shrinking bar) .
3.
You can also use lines to except exit point because high-low band is symmetry .
Hint ; I recommend use custom fibonacci retracement tool to measure Risk-Reward Ratio and exit point .
I customized fibo tool to be symmetry .
Entry point ,exit point and loss cut point became symmetry and you can add other symmetry points more .
For example , look at chart , blue lines is fibo tool and you can measure exit point .
Have fun!!
RVC-Trade-With-Pivot-LevelsHow to Use PIVOT Levels for Trading
Always remember ->: *Trade with trend*
About script:
1. Daily and Weekly close above Pivot Level.
-- Sentiment is highly positive. Pivot Level acts as strong support.
2. Daily Close above Pivot and Weekly Close Below Pivot
-- Sentiment is positive.Weekly Pivot Level may act as strong resistance.
3. Daily close below Pivot and weekly close above Pivot
-- Sentiment is negative but weekly Pivot Level can acts as strong support.
4. Daily and Weekly Close below Pivot Level
-- Sentiment is highly Negative. Pivot Level acts as strong resistance.
BUY/SELL -- ENTRY
BUY ABOVE 23.6% UPWARD
IF Trend is positive and price cross and sustains above 23.6%(R1) upside, then it will be entry from BUY perspective.
If R1 is entry, R2/R3/R4/R5 ... will be targets.
SELL Below 23.6% Downward
IF Trend is negative and price cross and sustains below 23.6%(S1) downside, then it will be entry from SELL perspective.
If S1 is Sell side entry, S2/S3/S4/S5 will be targets.
Before taking ENTRY on BUY or SELL Side, please know your risk levels, Stop Loss and trade EXECUTION process.
Finally:
My view is my view and remains with me only. Once you accept it and trade it, it becomes your view. So credit or blame all yours.:)
Buy in Bollinger Band uptrend (Weekly and Daily) // © PlanTradePlanMM 6/14/2020
// ---------------------------------------------------
// Name: Buy in Bollinger Band uptrend (Weekly and Daily)
// ---------------------------------------------------
// Key Points in this study:
// 1. Long in BB Upper band, probability of price going up is more than 50%
// 2. Buy at the bottom 1/4 of upper band (Upper line - EMA), Stop is EMA, tartget is Upper line; it matches risk:reward=1:3;
//
// Draw Lines:
// BB Upper : is the Target (Black line)
// BB EMA : is the initial Stop (Black line)
// BuyLine : EMA20 + 1/4 of (Target-Stop), which matches risk:/reward=1:3 naturally
// Prepare Zone : between EMA and BuyLine
// buyPrice : Blue dot line only showing when has long position, Which shows entry price.
// StopPrice : Black dot line only showing when has long position, Which shows updated stop price.
//
// Add SMA(50) to filter the trend. Price >= SMA, allow to long
//
// What (Condition): in BB uptrend band
// When (Price action): Price cross over BuyLine;
// How (Trading Plan): Buy at BuyLine;
// Initial Stop is EMA;
// Initial Target is BB Upper Line;
//
// FollowUp: if price moves up first, and the EMA is higher than Entry point, Use EMA as new stop. At least "make even" in this trade;
//
// Exit: 1. Initial stop -- "Stop" when down first, close below stop price.
// 2. Target reached -- "TR" when up quickly, Target reached
// 3. make even -- "ME" when small up and down, Exit at entry Price
// 4. Small Winner -- "SM" when EMA above Entry price, Exit when close below EMA, and higher than entry Price
//
// --------------
// Because there are too many flags in up trend study already, I will create a down trend script separately.
// Uptrend study is good for SPY, QQQ, and strong stocks.
// Downtrend Study is good for weak ETF, stock, and (-2x, -3x) ETFs, such as FAZ, UVXY, USO, XOP, AAL, CCL
// -----------------------------------------------------------------------------------------------------------------
// Back test Weekly and daily chart for SPY, QQQ
// If it will be a big Gap down or a big down move, stop at close price could be a big loss; But this way could avoid may noise, to stay in a trending position longer.
// When buy in trending move, the position could be hold for a big range.
// The best samples are SPY and QQQ daily chart.
//
// Better to use another way to verify the long term up trend first.
// For single stock, it is better shows more relative strength than SPY.
Breakout Trend Follower StrategyThis strategy goes long when highs are broken and uses a trailing stop that follows swing lows. User can configure a back test date range and choose whether or not to only take trades above a selected moving average.
The desire for me to make this script was to try to capture those extreme breakouts that can occur after a consolidation/equilibrium pattern. This catches those using stop-buys as the entry. Out of all the scripts I have made thus far, this one is the one that has the best results. Time frames might vary due to commission structures, etc. I currently use this strategy on stocks on the 30-min time frame and crypto (with Coinbase's high fees) on the 2-hr time frame.
Buy/Sell IndicatorBased on logic from many top contributors here, the script utilizes LazyBear's WaveTrend Oscillator Indicator along with custom code to plot a few key components for daily trading;
Boundaries for entry and exit points which are based on a 6-day trend in OPEN/HIGH and OPEN/LOW prices.
Daily HIGH and LOW points to establish a good view of stock's movements
Entry and exit points with confidence levels. These can be treated as entry points for short to medium term investments
Entry points come in the colours of White and Lime, where white is slightly confident and lime is extremely confident
Exit points come in the colours of Maroon, and Red, where maroon is slightly confident and red is extremely confident
Each Entry and Exit point also comes without text, or with a M or H above it, where M indicates medium confidence on the point and an O indicates overconfidence.
Use Case:
The best possible use case is to enter a trade on a LIME point with O text, this means that is an overconfident entry point.
The trade should be exited on a RED point with O text, this means that is an overconfident exit point.
But you can do with the indicators as you please.
In addition to LazyBear's code, the following existing models and indicators are taken into account:
RSI of closing price over a period of 25
EMA of RSI
MACD histogram relative open/closePrelude
This script makes it easy to capture MACD Histogram open/close for automated trading.
There seems to be no "magic" value for MACD Histogram that always works as a cut-off for trade entry/exit, because of the variation in market price over time.
The idea behind this script is to replicate the view of the MACD graph we (humans) see on the screen, in mathematics, so the computer can approximately detect when the curve is opening/closing.
Math
The maths for this is composed of 2 sections -
1. Entry -
i. To trigger entry, we normalize the Histogram value by first determining the lowest and highest values on the MACD curves (MACD, Signal & Hist).
ii. The lowest and highest values are taken over the "Frame of reference" which is a hyperparameter.
iii. Once the frame of reference is determined, the entry cutoff param can be defined with respect to the values from (i) (10% by default)
2. Exit
To trigger an exit, a trader searches for the point where the Histogram starts to drop "steeply".
To convert the notion of "steep" into mathematics -
i. Take the max histogram value reached since last MACD curve flip
ii. Define the cutoff with reference to the value from (i) (30% by default)
Plots
Gray - Dead region
Blue - Histogram opening
Red - Histogram is closing
Notes
A good value for the frame of reference can be estimated by looking at the timescale of the graph you generally work with during manual trading.
For me, that turned out to be ~2.5 hours. (as shown in the above graph)
For a 3-minute ticker, frame of reference = 2.5 * 60 / 3 = 50
Which is the default given in this script.
Ultimately, it is up to you to do grid search and find these hyperparams for the stock and ticker size you're working with.
Also, this script only serves the purpose of detecting the Histogram curve opening/closing.
You may want to add further checks to perform proper trading using MACD.
Moving Averages Convergence (Agulhada do Didi)The script is based on a strategy developed by Odir “Didi” Aguiar called “Agulhada do Didi”.
It consists in the use of 3 moving averages:
SMA 3
SMA 8
SMA 21
Strategy:
When the averages come together, preferably they pass through a candle, there is a signal. The crossing of the short average (3) with the long average (21) provides us with a confirma-tion of the entry.
Buy:
The average of 3 periods comes out on top, 8 goes in the middle and 21 goes down.
Sell:
Average of 21 periods comes out on top, 8 in the middle and 3 down.
Double Relative Strength IndexDouble RSI plotted at 14 and 2 lengths simultaneously, and with different oversold/overbought limits.
RSI 14 is great for detecting divergence/convergence between the price and RSI action, whilst RSI 2 add timing accuracy in trade entry.
Gap driven intraday trade (better in 15 Min chart)// Based on yesterday's High, Low, today's open, and Bollinger Band (20) in current minute chart,
// Defined intraday Trading opportunity: Stop, Entry, T0, Target (S.E.T.T)
// Back test in 60, 30, 15, 5 Min charts with SPY, QQQ, XOP, AAPL, TSLA, NVDA, UAL
// In 60 and 30 min chart, the stop and target are too big. 5 min is too small.
// 15 min Chart is the best time frame for this strategy;
// -------------------------------------------------------------------------------
// There will be Four lines in this study:
// 1. Entry Line,
// 1.1 Green Color line to Buy, If today's open price above Yesterday's High, and current price below BB upper line.
// 1.2 Red Color line to Short, if today's open price below Yesterday's Low, and current above BB Lower line.
//
// 2. Black line to show initial stop, one ATR in current min chart;
//
// 3. Blue Line (T0) to show where trader can move stop to make even, one ATR in current min chart;
//
// 4. Orange Line to show initial target, Three ATR in current min chart;
//
// Trading opportunity:
// If Entry line is green color, Set stop buy order at today's Open;
// Whenever price is below the green line, Prepare to buy;
//
// If Entry line is Red color, Set Stop short at today's Open;
// Whenever price is above the red line, Prepare to short;
//
// Initial Stop: One ATR in min chart;
// Initial T0: One ATR in min chart;
// Initial Target: Three ATR in min chart;
// Initial RRR: Reward Risk Ratio = 3:1;
//
// Maintain: Once the position moves to T0, Move stop to "Make even + Lunch (such as, Entry + $0.10)";
// Allow to move target bigger, such as, next demand/supply zone;
// When near target or demand/supply zone or near Market close, move stop tightly;
//
// Close position: Limit order filled, or near Market Close, or trendline break;
//
// Key Step: Move stop to "Make even" after T0, Do not turn winner to loser;
// Willing to "in and out" many times in one day, and trade the same direction, same price again and again.
//
// Basic trading platform requests:
// To use this strategy, user needs to:
// 1. Scan Stocks Before market open:
// Prepare a watch list for top 10 ETF and Top 90 stocks which are most actively traded.
// Stock might be limited by price range, Beta, optionable, ...
// Before market open, Run a scan for these stocks, find which has GAP and inside BB;
// create watch list for that day.
//
// 2. Attach OSO and OCO orders:
// User needs to Send Entry, Stop (loss), and limit (target) orders at one time;
// Order Send order ( OSO ): Entry order sends Stop order and limit order;
// Order Cancel order ( OCO ): Stop order and limit order, when one is filled, it will cancel the other instantly;
RSI buy opportunityRSI buy opportunity is an indicator to look for the best entries on weekly charts.
It depends on each stock and the values should change to optimize the entry.
Buy when green triangle shows up.
Never buy when red signal appears.
Donchian TrendHello All,
I think all of you knows Donchian Channels . so I am not going to write about it.
With this indicator I tried to create Trend Lines by using Donchian Channel upper/lower bands. I tried add possible entry levels as well.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
- and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
- it changes the trendline color. lighter trend line means stonger trend, darker trend lines means entry points or possible trend reversal.
- it puts entry points by using trend directions that were created by using lower lengths. it gets entry points if high/low touches main trend line as well.
Warning: Arrows are entry points but it may also represents trend reversal. So you should use stoploss line if you decide to take buy/sell positions.
P.S. I didn't backtest it, it's non-repainting, it should be used educational purposes only . I believe it can be improved, so I am open for new ideas to improve it ;)
Enjoy!
2% StopThis indicator is simply based on the 2% rule, you must insert the entry point (the price at what you bought) by clicking the gear on the top left.
If you see the chart different is becouse the default entry is set to 1 and but it fixes if you set the proper entry price.
a little bit about the 2% rule :
Following the 2% Rule will keep any loss in your account to a rela-
tively small, livable size.
The 2% Rule prohibits you from risking more than 2% of your account
equity on any single trade.
This Rule does
not limit your position size—it only limits your risk.
Of course, if you are planning to hold your position down to zero,
then its maximum size would have to be capped at 2%. On the
other hand, if you do a much more sensible thing and use a stop, your
risk per share will decrease, and your permitted size will increase.
The distance from your entry price to the stop level defines your
maximum dollar risk per coin.
The 2% Rule defines your maximum risk for the entire position.
Knowing the risk per share and the total permitted risk makes it
easy to calculate the maximum number of coins /shares you may trade.
Credit about this idea goes to Dr Elder Alexander.
BEST ATR Stop Multiple StrategyHello traders
Here we go again.... with another strategy snippet.
Reminder: it's an alternative of this Trailing Stop strategy script
Entry logic
The entry is based on a Simple Moving Averages (SMA) cross.
This part doesn't matter here - as I wanted to focus on the ATR multiple stop loss component.
ATR STOP
This strategy snippet uses an entry stop loss defined based on a multiple of the average true range value.
The soure code detects ATR value at entry price, applies the multiplier and will set a static (= non trailing) stop-loss to each position
A pinescript v4 label will appear for each new signal displaying the ATR*multiplier value at signal time
All the BEST
Dave
volume high standard deviation stystemOn the basis of moving average, add moving average and standard deviation line of volume to filter the entry and exit time.
Do not enter trades on high volume and price in trend direction.
Exit on high volume and price in profitable direction.
Option 0 = No entry or exit filter
Option 1 = Entry filter only
Option 2 = Exit filter only
Option 3 = Both entry and exit filters
inwCoin Average Position Price Calculator - For CryptocurrencyEver wonder what is my average entry ?
No need to use excel.
Just use this simple indicator to calculate average entry of your multiple positions.
How to use
--------------
1) Just input your entries into each box. ( Buy price + buy amount )
2) If you don't want to use any input, just uncheck the checkbox.
How to read value
----------------------
- This indicator will calculate the asset amount you got when you purchase it, by asset amount = entry amount / entry price ( Eg. buy BTC at 10,000$ per BTC with 1,000 USD = 1000/10000 = 0.1 BTC )
- It will calculate your current value of the asset you holding and compare it with all of the money you already invested. Also the profit/loss.
- It will show the average entry price with the green line on the chart and in the textbox.
PivotPoints with Momentum confirmation by PeterOWho wouldn't like to be able to tell when the market actually reverses instead of just faking it? Every trader who has tried pivothigh/pivotlow functions for that, surely bumped into so many meaningless reversal signals, that probably got discouraged with this concept entirely.
Yet, pivot points are very important. Only they need to be confirmed at least a little bit (you'll never know for sure, you understand that right?)
This script enhances pivot-points mechanism with by confirming potential pivot point with actual reversal in momentum. If momentum reversal is also noticed in synch with the pivothigh/pivotlow, then you've got yourself a reversal - marked on the chart with red or green triangle. You can visually compare where those triangles are marked as compared to those small black ones, meaning the standard pivothigh(high,1,1)/pivotlow(low,1,1). Check yourself how many times this method would save us from pre-mature entry. On average 2/3 pivot points are filtered out.
This is a non-delayed confirmation - there is no waiting for another candle to close, just looking to another indicator for a match.Trader needs to take a decision immediately because if he hesitates, he will be late for sure. Also sometimes this script produces signal even before a full pivot-point is formed, as pin-bar analysis is also included here.
What this script IS NOT:
- a complete trading map. Don't take trade on each green or red triangle. You still need to do your homework on market direction, trend, phase, wave, etc. But at least you have the "trigger" part done.
- these pivot points are still not "guaranteed". You never know the future even as close as the very next candle, so the market can continue its trend right after it produces reversal signal. The aim of this indicator was only to filter out those potential pivot points, which didn't really look like reversals.
If you think this method could be improved somehow or would like to share your thoughts or approach, don't hesitate to reach out to me or write down in comments.
P.S. Credit goes to UCSGEARS for his Top&Bottom candle script. Amazing work. I used the momentum calculation from there.
Trend-Following Combo-SuperTrend, EMA, Aroon, DMI, Laguerre RSIThis is a trend-following indicator which condenses two SuperTrend indicators -- one based on analysis over a shorter period of time (1.5, 7), and one based on analysis over a longer period of time (1.65, 100) -- into a single indicator which appears on your chart only when both the shorter- and longer-term analysis indicates a "SuperTrend" in the same direction.
Additionally, potential trade entry indicators are displayed in the form of up and down arrows when (by default) three of the following five indicators suggest that the market is trending in the same direction as both the shorter- and longer-term SuperTrend indicators:
EMA Crossover (8, 15)
Aroon Indicator (8)
Aroon Oscillator (8)
Directional Movement Index (DI +/-) (8)
Laguerre RSI (13)
You may update the parameters of any of the indicators to match your own preferences.
Additionally, you may also adjust the "Threshold" of indicators that must be in agreement with the SuperTrend to show a potential trade entry arrow. Bear in mind that if you set the Indicator Threshold too low, you will see more frequent trade entry arrows, many of which will not be profitable if taken. Similarly, set this value too high, and you will see fewer trade entry arrows that may not appear until after most of the "juice" in the trend has evaporated. Ideal values for the threshold seem to be between 2-4, depending on the symbol you are trading.
The following image shows all of the indicators referenced above on a 5-minute chart of the SPY during a single trading day:
And, here is the same period of time showing only the Trend-Following Combo indicator with default settings:
This indicator would not have been possible save for work contributed by the following:
SuperTrend by Rajandran R
Aroon w/ crossovers highlighted by seiglerj
Aroon Oscillator by jcrewolinsky
Directional Movement Index by TradingView
Laguerre RSI (Self Adjusting Alpha with Fractals Energy) by everget
Super Trend Daily 2.0 Alerts BFThis is an alerts script for my Super Trend 2.0 indicator . It is intended as a companion script so you can backtest using the Strategy script and generate alerts using this Study script.
This Study script has the same default settings as the Strategy script and its only purpose is to provide alerts for the long and short signals the Strategy generates. Obviously, if you want to generate alerts based on a Strategy backtest, please ensure the settings are the same in the Study as in the Strategy.
For illustration, I have plotted arrows on the chart for long and short signals, and also colored the background to show when the rate of change function determines a choppy/sideways market.
ALERTS
There are 2 alerts set up:
Long Entry
Short Entry
ILLUSTRATION
Green arrow = Long Entry
Red arrow = Short Entry
White background = No short trades
Aqua background = No long trades
EXAMPLE USE CASE
1. Open a Bitcoin/USD chart on 1D timeframe.
2. Open this script and the Super Trend 2.0 indicator script.
3. Backtest with the Strategy Backtester and change the settings if you like until you get a desirable outcome for your own purposes.
4. Once you are happy with the backtest, change the settings in the Alerts script (this one) so they match the Strategy settings.
5. Set up the alerts according to your preferences.
