RSI, Volume, MACD, EMA ComboRSI + Volume + MACD + EMA Trading System
This script combines four powerful indicators—Relative Strength Index (RSI), Volume, Moving Average Convergence Divergence (MACD), and Exponential Moving Average (EMA)—to create a comprehensive trading strategy for better trend confirmation and trade entries.
How It Works
RSI (Relative Strength Index)
Helps identify overbought and oversold conditions.
Used to confirm momentum strength before taking a trade.
Volume
Confirms the strength of price movements.
Avoids false signals by ensuring there is sufficient trading activity.
MACD (Moving Average Convergence Divergence)
Confirms trend direction and momentum shifts.
Provides buy/sell signals through MACD line crossovers.
EMA (Exponential Moving Average)
Acts as a dynamic support and resistance level.
Helps filter out trades that go against the overall trend.
Trading Logic
Buy Signal:
RSI is above 50 (bullish momentum).
MACD shows a bullish crossover.
The price is above the EMA (trend confirmation).
Volume is increasing (strong participation).
Sell Signal:
RSI is below 50 (bearish momentum).
MACD shows a bearish crossover.
The price is below the EMA (downtrend confirmation).
Volume is increasing (intense selling pressure).
Backtesting & Risk Management
The strategy is optimized for scalping on the 1-minute timeframe (adjustable for other timeframes).
Default settings use realistic commission and slippage to simulate actual trading conditions.
A stop-loss and take-profit system is integrated to manage risk effectively.
This script is designed to help traders filter out false signals, improve trend confirmation, and increase trade accuracy by combining multiple indicators in a structured way.
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3Commas Multicoin Scalper LITE [SwissAlgo]
Introduction
Are you tired of tracking cryptocurrency charts and placing orders manually on your Exchange?
The 3Commas Multicoin Scalper LITE is an automated trading system designed to identify and execute potential trading setups on multiple cryptocurrencies ( simultaneously ) on your preferred Exchange (Binance, Bybit, OKX, Gate.io, Bitget) via 3Commas integration.
It analyzes price action, volume, momentum, volatility, and trend patterns across two categories of USDT Perpetual coins: the 'Top Major Coins' category (11 established cryptocurrencies) and your Custom Category (up to 10 coins of your choice).
The indicator sends real-time trading signals directly to your 3Commas bots for automated execution, identifying both trend-following and contrarian trading opportunities in all market conditions.
Trade automatically all coins of one or more selected categories:
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What it Does
The 3Commas Multicoin Scalper LITE is a technical analysis tool that monitors multiple cryptocurrency pairs simultaneously and connects with 3Commas for signal delivery and execution.
Here's how the strategy works:
🔶 Technical Analysis : Analyzes price action, volume, momentum, volatility, and trend patterns across USDT Perpetual Futures contracts simultaneously.
🔶 Pattern Detection : Identifies specific candle patterns and technical confluences that suggest potential trading setups across USDT.P contracts of the selected category.
🔶 Signal Generation : When technical criteria are met at bar close, the indicator creates deal-start signals for the relevant pairs.
🔶 3Commas Integration : Packages these signals and delivers them to 3Commas through TradingView alerts, allowing 3Commas bots to receive specific pair information ('Deal-Start' signals).
🔶 Category Management : Each TradingView alert monitors an entire category, allowing selective activation of different crypto categories.
🔶 Visual Feedback : Provides color-coded candles and backgrounds to visualize technical conditions, with optional pivot points and trend visualization.
Candle types
Signals
----------------------------------------------
Quick Start Guide
1. Setup 3Commas Bots : Configure two DCA bots in 3Commas (All USDT pairs) - one for LONG positions and one for SHORT positions.
2. Define Trading Parameters : Set your budget for each trade and adjust your preferred sensitivity within the indicator settings.
3. Create Category Alerts : Set up one TradingView alert for each crypto category you want to trade.
That's it! Once configured, the system automatically sends signals to your 3Commas bots when predefined trading setups are detected across coins in your selected/activated categories. The indicator scans all coins at bar close (for example, every hour on the 1H timeframe) and triggers trade execution only for those showing technical confluences.
Important : Consider your total capital when enabling categories. More details about the setup process are provided below (see paragraph "Detailed Setup & Configuration").
----------------------------------------------
Built-in Backtesting
The 3Commas Multicoin Scalper LITE includes backtesting visualization for each coin. When viewing any USDT Perpetual pair on your chart, you can visualize how the strategy would have performed historically on that specific asset.
Color-coded candles and signal markers show past trading setups, helping you evaluate which coins responded best to the strategy. This built-in backtesting capability can support your selection of assets/categories to trade before deploying real capital.
As backtesting results are hypothetical and do not guarantee future performance, your research and analysis are essential for selecting the crypto categories/coins to trade.
The default strategy settings are: Start Capital 1,000$, leverage 10X, Commissions 0.1% (average Taker Fee on Exchanges for average users), Order Amount 200$ for Longs/Shorts, Slippage 4
Example of backtesting view
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Key Features
🔶 Multi-Exchange Support : Compatible with BINANCE, BYBIT, BITGET, GATEIO, and OKX USDT Perpetual markets (USDT.P)
🔶 Category Options : Analyze cryptocurrencies in the Top Major Coins category or create your custom watchlist
🔶 Custom Category Option : Create your watchlist with up to 10 custom USDT Perpetual pairs
🔶 3Commas Integration : Seamlessly connects with 3Commas bots to automate trade entries and exits
🔶 Dual Strategy Approach : Identifies both "trend following" and "contrarian" potential setups
🔶 Confluence-Based Signals : Uses a combination of multiple technical factors - price spikes, price momentum, volume spikes, volume momentum, trend analysis, and volatility spikes - to generate potential trading setups
🔶 Risk Management : Adjustable sensitivity/risk levels, leverage settings, and budget allocation for each trade
🔶 Visual Indicators : Color-coded candles and trading signals provide visual feedback on market conditions
🔶 Trend Indication : Background colors showing ongoing uptrends/downtrends
🔶 Pivot Points & Daily Open : Optional display of pivot points and daily open price for additional context
🔶 Liquidity Analysis : Optional display of high/low liquidity timeframes throughout the trading week
🔶 Trade Control : Configurable limit for the maximum number of signals sent to 3Commas for execution (per bar close and category)
5 Available Exchanges
Pick coins/tokens and defined your Custom Category
----------------------------------------------
Methodology
The 3Commas Multicoin Scalper LITE utilizes a multi-faceted approach to identify potential trading setups:
1. Price Action Analysis : Detects abnormal price movements by comparing the current candle's range to historical averages and standard deviations, helping identify potential "pump and dump" scenarios or new-trends start
2. Price Momentum : Evaluates the relative strength of bullish vs. bearish price movements over time, indicating the build-up of buying or selling pressure.
3. Volume Analysis: Identifies unusual volume spikes by comparing current volume to historical averages, signaling strong market interest in a particular direction.
4. Volume Momentum : Measures the ratio of bullish to bearish volume, revealing the dominance of buyers or sellers over time.
5. Trend Analysis : Combines EMA slopes, RSI, and Stochastic RSI to determine overall trend direction and strength.
6. Volatility : Monitors the ATR (Average True Range) to detect periods of increased market volatility, which may indicate potential breakouts or reversals
7. Candle Wick Analysis : Evaluates upper and lower wick percentages to detect potential rejection patterns and reversals.
8. Pivot Point Analysis : Uses pivot points (PP, R1-R3, S1-S3) for identifying key support/resistance areas and potential breakout/breakdown levels.
9. Daily Open Reference: Analyzes price action relative to the daily open for potential setups related to price movement vs. the opening price
10. Market Timing/Liquidity : Evaluates high/low liquidity periods, specific days/times of heightened risk, and potential market manipulation timeframes.
11. Boost Factors : Applies additional weight to certain confluence patterns to adjust global scores
These factors are combined into a "Global Score" ranging from -1 to +1 , applied at bar close to the newly formed candles.
Scores above predefined thresholds (configurable via the Sensitivity Settings) indicate strong bullish or bearish conditions and trigger signals based on predefined patterns. The indicator then applies additional filters to generate specific "Trend Following" and "Contrarian" trading signals. The identified signals are packaged and sent to 3Commas for execution.
Pivot Points
Trend Background
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Who This Strategy Is For
The 3Commas Multicoin Scalper LITE may benefit:
Crypto Traders seeking to automate their trading across multiple coins simultaneously
3Commas Users looking to enhance their bot performance with technical signals
Busy Traders who want to monitor market opportunities without constant chart-watching
Multi-strategy traders interested in both trend-following and reversal trading approaches
Traders of Various Experience Levels from intermediate traders wanting to save time to advanced traders seeking to optimize their operations
Perpetual Futures Traders on major exchanges (Binance, Bybit, OKX, Gate.io, Bitget)
Swing and Scalp Traders seeking to identify short to medium-term profit opportunities
----------------------------------------------
Visual Indicators
The indicator provides visual feedback through:
1. Candlestick Colors :
* Lime: Strong bullish candle (High positive score)
* Blue: Moderate bullish candle (Medium positive score)
* Red: Strong bearish candle (High negative score)
* Purple: Moderate bearish candle (Medium negative score)
* Pale Green/Red: Mild bullish/bearish candle
2. Signal Markers :
* ↗: Trend following Long signal
* ↘: Trend following Short signal
* ⤴: Contrarian Long signal
* ⤵: Contrarian Short signal
3. Optional Elements :
* Pivot Points: Daily support/resistance levels (R1-R3, S1-S3, PP)
* Daily Open: Reference price level for the current trading day
* Trend Background: Color-coded background suggesting potential ongoing uptrend/downtrend
* Liquidity Highlighting: Background colors indicating typical high/low market liquidity periods
4. TradingView Strategy Plots and Backtesting Data : Standard performance metrics showing entry/exit points, equity curves, and trade statistics, based on the signals generated by the script.
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Detailed Setup & Configuration
The indicator features a user-friendly input panel organized in sequential steps to guide you through the complete setup process. Tooltips for each step provide additional information to help you understand the actions required to get the strategy running.
Informative tables provide additional details and instructions for critical setup steps such as 3Commas bot configuration and TradingView alert creation (to activate trading on specific categories).
1. Choose Exchange, Crypto Category & Sensitivity
* Select your USDT Perpetual Exchange (BINANCE, BYBIT, BITGET, GATEIO, or OKX) - i.e. the same Exchange connected in your 3Commas account
* Choose your preferred crypto category, or define your watchlist
* Choose from three sensitivity levels: Default, Aggressive, or Test Mode (test mode is designed to generate more signals, a potentially helpful feature when you are testing the indicator and alerts)
2. Setup 3Commas Bots and integrate them with the algo
* Create both LONG and SHORT DCA Bots in 3Commas
* Configure bots to accept signals for 'All USDT Pairs' with "TradingView Custom Signal" as deal start condition
* Enter your Bot IDs and Email Token in the indicator settings
* Set a maximum budget for LONG and SHORT trades
* Choose whether to allow LONG trades, SHORT trades, or both, according to your preference and market analysis
* Set maximum trades per bar/category (i.e. the max. number of simultaneous signals that the algo may send to your 3Commas bots for execution at every bar close - every hour if you set the 1H timeframe)
* Access the detailed setup guide table for step-by-step 3Commas configuration instructions
3Commas integration
3. Choose Visuals
* Toggle various optional visual elements to add to the chart: category metrics, fired alerts, coin metrics, daily open, pivot points
* Select a color theme: Dark or Light
4. Activate Trading via Alerts
* Create TradingView alerts for each category you want to trade
* Set alert condition to "3Commas Multicoin Scalper" with "Any alert() function call"
* Set the content of the message field to: {{Message}}, deleting the default content shown in this text field, to enable proper 3Commas integration (any other text than {{Message}}, would break the delivery trading signals from Tradingview to 3Commas)
* View the alerts setup instruction table for visual guidance on this critical step
Alerts
Fired Alerts (example at a single bar)
Fired Alerts (frequency)
Important Configuration Notes
Ensure that the TradingView chart's exchange matches your selected exchange in the indicator settings and your 3Commas bot settings.
You must configure the same leverage in both the script and your 3Commas bots
Your 3Commas bots must be configured for All USDT pairs
You must enter the exact Bot IDs and Email Token from 3Commas (these remain confidential - no one, including us, has access to them)
If you activate multiple categories without sufficient capital, 3Commas will display " insufficient funds " errors - align your available capital with the number of categories you activate (each deal will use the budget amount specified in user inputs)
You are free to set your Take Profit % / trailing on 3Commas
We recommend not to use DCA orders (i.e. set the number of DCA orders at zero)
Legend of symbols and plots on the chart
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FAQs
General Questions
❓ Q: What features are included in this indicator? A: This indicator provides access to the "Top Major Coins" category and a custom category option where you can define up to 10 pairs of your choice. It includes multi-exchange support, 3Commas integration, a dual strategy approach, visual indicators, trade controls, and comprehensive backtesting capabilities. The indicator is optimized to manage up to 2 trades per hour/category with leverage up to 10x and trade sizes up to 500 USDT - everything needed for traders looking to automate their crypto trading across multiple pairs simultaneously.
❓ Q: What is Global Score? A: The Global Score serves as a foundation for signal generation. When a candle's score exceeds certain thresholds (defined by your Risk Level setting), it becomes a candidate for signal generation. However, not all high-scoring candles generate trading signals - the indicator applies additional pattern recognition and contextual filters. For example, a strongly positive score (lime candle) in an established uptrend may trigger a "Trend Following" signal, while a strongly negative score (red candle) in a downtrend might generate a "Trend following Short" signal. Similarly, contrarian signals are generated when specific reversal patterns occur alongside appropriate Global Score values, often involving wick analysis and pivot point interactions. This multi-layer approach helps filter out false positives and identify higher-probability trading setups.
❓ Q: What's the difference between "Trend following" and "Contrarian" signals in the script? A: "Trend Following" signals follow the identified trends while "Contrarian" signals anticipate potential trend reversals.
❓ Q: Why don't I see any signals on my chart? A: Make sure you're viewing a USDT Perpetual pair from your selected exchange that belongs to the crypto category you've chosen to analyze. For example, if you've selected the "Top Major Coins" category with Binance as your exchange, you need to view a chart of one of those specific pairs (like BINANCE:BTCUSDT.P) to see signals. If you switch exchanges, for example from Binance to Bybit, you need to pull a Bybit pair on the chart to see backtesting data and signals.
❓ Q: Does this indicator guarantee profits? A: No. Trading cryptocurrencies involves significant risk, and past performance is not indicative of future results. This indicator is a tool to help you identify potential trading setups, but it does not and cannot guarantee profits.
❓ Q: Does this indicator repaint or use lookahead bias? A: No. All trading signals generated by this indicator are based only on completed price data and do not repaint. The system is designed to ensure that backtesting results reflect as closely as possible what you should experience in live trading.
While reference levels like pivot points are kept stable throughout the day using lookahead on, the actual buy and sell signals are calculated using only historical data (lookahead off) that would have been available at that moment in time. This ensures reliability and consistency between backtesting and real-time trading performance.
Technical Setup
❓ Q: What exchanges are supported? A: The strategy supports BINANCE, BYBIT, BITGET, GATEIO, and OKX USDT Perpetual markets (i.e. all the Exchanges you can connect to your 3Commas account for USDT Perpetual trading, excluding Coinbase Perpetual that offers USDC pairs, instead of USDT).
❓ Q: What timeframe should I use? A: The indicator is optimized for the 1-hour (1H) timeframe but may run on any timeframe.
❓ Q: How many coins can I trade at once? A: You can trade all coins within the selected category. You can activate categories by setting up alerts.
❓ Q: How many alerts do I need to set up? A: You need to set up one alert for each crypto category you want to trade. We recommend starting with one category, testing the results carefully, monitoring performance daily, and perhaps activating additional categories in a second stage.
❓ Q: Are there any specific risk management features built into the indicator? A: Yes, the indicator includes risk management features: adjustable maximum trades per hour/category, the ability to enable/disable long or short signals depending on market conditions, customizable trade size for both long and short positions, and different sensitivity/risk level settings.
❓ Q: What happens if 3Commas can't execute a signal? A: If 3Commas cannot execute a signal (due to insufficient funds, bot offline, etc.), the trade will be skipped. The indicator will continue sending signals for other valid setups, but it doesn't retry failed signals.
❓ Q: Can I run this indicator on multiple charts at once? A: Yes, but it's not necessary. The indicator analyzes all coins in your selected categories regardless of which chart you apply it to. For optimal resource usage, apply it to a single chart of a USDT Perpetual pair from your selected exchange. To stop trading a category, simply delete the alert created for that category.
❓ Q: How frequently does the indicator scan for new signals? A: The indicator scans all coins in your selected categories at the close of each bar (every hour if you selected the 1H timeframe).
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⚠️
Disclaimer
This indicator is for informational and educational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk, including the potential loss of all invested capital, and past performance is not indicative of future results.
Always conduct your own thorough research (DYOR) and understand the risks involved before making any trading decisions. Trading with leverage significantly amplifies both potential profits and losses - exercise extreme caution when using leverage and never risk more than you can afford to lose.
The Bot ID and Email Token information are transmitted directly from TradingView to 3Commas via secure connections. No third party or entity will ever have access to this data (including the Author). Do not share your 3Commas credentials with anyone.
This indicator is not affiliated with, endorsed by, or sponsored by TradingView or 3Commas.
3Commas Multicoin Scalper PRO [SwissAlgo]Introduction
Are you tired of tracking dozens of cryptocurrency charts and placing orders manually on your Exchange?
The 3Commas Multicoin Scalper PRO is an automated trading system designed to simultaneously identify and execute potential trading setups on multiple cryptocurrencies on your preferred Exchange (Binance, Bybit, OKX, Gate.io, Bitget) via 3Commas integration.
It analyzes price action, volume, momentum, volatility, and trend patterns across 180+ USDT Perpetual coins divided into 17 crypto categories , providing real-time signals directly to your 3Commas bots for automated trade execution. This indicator aims to identify potential trend-following and contrarian setups in both bull and bear markets.
-------------------------------------
What it Does
The 3Commas Multicoin Scalper PRO is a technical analysis tool that monitors multiple cryptocurrency pairs simultaneously and connects with 3Commas for signal delivery and execution.
Here's how the strategy works:
🔶 Technical Analysis : Analyzes price action, volume, momentum, volatility, and trend patterns across multiple USDT Perpetual Futures contracts simultaneously.
🔶 Pattern Detection : Identifies specific candle patterns and technical confluences that suggest potential trading setups across all USDT.P contracts of the selected categories
🔶 Signal Generation : When technical criteria are met at bar close, the indicator creates deal-start signals for the relevant pairs.
🔶 3Commas Integration : Packages these signals and delivers them to 3Commas through TradingView alerts, allowing 3Commas bots to receive specific pair information ('Deal-Start' signals).
🔶 Category Management : Each TradingView alert monitors an entire category (approximately 11 pairs), allowing selective activation of different crypto categories.
🔶 Visual Feedback : Provides color-coded candles and backgrounds to visualize technical conditions, with optional pivot points and trend visualization.
Candle types:
Signals:
-------------------------------------
Quick Start Guide
1. Setup 3Commas Bots : Configure two DCA bots in 3Commas (All USDT pairs) - one for LONG positions and one for SHORT positions.
2. Define Trading Parameters : Set your budget for each trade and adjust your preferred sensitivity within the indicator settings.
3. Create Category Alerts : Set up one TradingView alert for each crypto category you want to trade.
That's it! Once configured, the system automatically sends signals to your 3Commas bots when predefined trading setups are detected across coins in your selected/activated categories. The indicator scans all coins at bar close (for example, every hour on the 1H timeframe) and triggers trade execution only for those showing technical confluences.
Important : The more categories you activate by setting TradingView alerts, the more signals your 3Commas bots will receive. Consider your total capital when enabling multiple categories. More details about the setup process are provided below (see paragraph "Detailed Setup & Configuration")
-------------------------------------
Built-in Backtesting
The 3Commas Multicoin Scalper PRO includes backtesting visualization for each coin. When viewing any USDT Perpetual pair on your chart, you can visualize how the strategy would have performed historically on that specific asset.
Color-coded candles and signal markers show past trading setups, helping you evaluate which coins responded best to the strategy. This built-in backtesting capability can support your selection of assets/categories to trade before deploying real capital.
As backtesting results are hypothetical and do not guarantee future performance, your research and analysis are essential for selecting the crypto categories/coins to trade.
The default strategy settings are: Start Capital 1.000$, leverage 25X, Commissions 0.1% (average Taker Fee on Exchanges for average users), Order Amount 200$ for Longs/150$ for Shorts, Slippage 4
-------------------------------------
Key Features
🔶 Multi-Exchange Support : Compatible with BINANCE, BYBIT, BITGET, GATEIO, and OKX USDT Perpetual markets (USDT.P)
🔶 Wide Asset Coverage : Simultaneously analyzes 180+ cryptocurrencies across 17 specialized crypto categories
🔶 Custom Category Option : Create your watchlist with up to 10 custom USDT Perpetual pairs
🔶 3Commas Integration : Seamlessly connects with 3Commas bots to automate trade entries and exits
🔶 Dual Strategy Approach : Identifies both "trend following" and "contrarian" potential setups
🔶 Confluence-Based Signals : Uses a combination of multiple technical factors - price spikes, price momentum, volume spikes, volume momentum, trend analysis, and volatility spikes - to generate potential trading setups
🔶 Risk Management : Adjustable sensitivity/risk levels, leverage settings, and budget allocation for each trade
🔶 Visual Indicators : Color-coded candles and trading signals provide visual feedback on market conditions
🔶 Trend Indication : Background colors showing ongoing uptrends/downtrends
🔶 Pivot Points & Daily Open : Optional display of pivot points and daily open price for additional context
🔶 Liquidity Analysis : Optional display of high/low liquidity timeframes throughout the trading week
🔶 Trade Control : Configurable limit for the maximum number of signals sent to 3Commas for execution (per bar close and category)
Available Exchanges
Categories
Custom Category
Trend following/contrarian signals
-------------------------------------
Methodology
The 3Commas Multicoin Scalper PRO utilizes a multi-faceted approach to identify potential trading setups:
1. Price Action Analysis : Detects abnormal price movements by comparing the current candle's range to historical averages and standard deviations, helping identify potential "pump and dump" scenarios or new-trends start
2. Price Momentum : Evaluates the relative strength of bullish vs. bearish price movements over time, indicating the build-up of buying or selling pressure.
3. Volume Analysis: Identifies unusual volume spikes by comparing current volume to historical averages, signaling strong market interest in a particular direction.
4. Volume Momentum : Measures the ratio of bullish to bearish volume, revealing the dominance of buyers or sellers over time.
5. Trend Analysis : Combines EMA slopes, RSI, and Stochastic RSI to determine overall trend direction and strength.
6. Volatility : Monitors the ATR (Average True Range) to detect periods of increased market volatility, which may indicate potential breakouts or reversals
7. Candle Wick Analysis : Evaluates upper and lower wick percentages to detect potential rejection patterns and reversals.
8. Pivot Point Analysis : Uses pivot points (PP, R1-R3, S1-S3) for identifying key support/resistance areas and potential breakout/breakdown levels.
9. Daily Open Reference: Analyzes price action relative to the daily open for potential setups related to price movement vs. the opening price
10. Market Timing/Liquidity : Evaluates high/low liquidity periods, specific days/times of heightened risk, and potential market manipulation timeframes.
11. Boost Factors : Applies additional weight to certain confluence patterns to adjust global scores
These factors are combined into a "Global Score" ranging from -1 to +1 , applied at bar close to the newly formed candles.
Scores above predefined thresholds (configurable via the Sensitivity Settings) indicate strong bullish or bearish conditions and trigger signals based on predefined patterns. The indicator then applies additional filters to generate specific "Trend Following" and "Contrarian" trading signals. The identified signals are packaged and sent to 3Commas for execution.
Pivot Points
Daily open
Market Trend
Liquidity patterns by weekday
-------------------------------------
Who This Strategy Is For?
The 3Commas Multicoin Scalper PRO may benefit:
Crypto Traders seeking to automate their trading across multiple coins simultaneously
3Commas Users looking to enhance their bot performance with advanced technical signals
Busy Traders who want to monitor many market opportunities without constant chart-watching
Multi-strategy traders interested in both trend-following and reversal trading approaches
Traders of Various Experience Levels from intermediate traders wanting to save time to advanced traders seeking to scale their operations
Perpetual Futures Traders on major exchanges (Binance, Bybit, OKX, Gate.io, Bitget)
Swing and Scalp Traders seeking to identify short to medium-term profit opportunities
-------------------------------------
Visual Indicators
The indicator provides visual feedback through:
1. Candlestick Colors :
* Lime: Strong bullish candle (High positive score)
* Blue: Moderate bullish candle (Medium positive score)
* Red: Strong bearish candle (High negative score)
* Purple: Moderate bearish candle (Medium negative score)
* Pale Green/Red: Mild bullish/bearish candle
2. Signal Markers :
* ↗: Trend Following Long signal
* ↘: Trend Following Short signal
* ⤴: Contrarian Long signal
* ⤵: Contrarian Short signal
3. Optional Elements :
* Pivot Points: Daily support/resistance levels (R1-R3, S1-S3, PP)
* Daily Open: Reference price level for the current trading day
* Trend Background: Color-coded background suggesting potential ongoing uptrend/downtrend
* Liquidity Highlighting: Background colors indicating typical high/low market liquidity periods
4. TradingView Strategy Plots and Backtesting Data : Standard performance metrics showing entry/exit points, equity curves, and trade statistics, based on the signals generated by the script.
-------------------------------------
Detailed Setup & Configuration
The indicator features a user-friendly input panel organized in sequential steps to guide you through the complete setup process. Tooltips for each step provide additional information to help you understand the actions required to get the strategy running.
Informative tables provide additional details and instructions for critical setup steps such as 3Commas bot configuration and TradingView alert creation (to activate trading on specific categories).
1. Choose Exchange, Crypto Category & Sensitivity
* Select your USDT Perpetual Exchange (BINANCE, BYBIT, BITGET, GATEIO, or OKX) - i.e. the same Exchange connected in your 3Commas account
* Browse and choose your preferred crypto category, or define your watchlist
* Choose from three sensitivity levels: Default, Aggressive, or Test Mode (test mode is designed to generate way more signals, a potentially helpful feature when you are testing the indicator and alerts)
2. Setup 3Commas Bots and integrate them with the algo
* Create both LONG and SHORT DCA Bots in 3Commas
* Configure bots to accept signals for 'All USDT Pairs' with "TradingView Custom Signal" as deal start condition
* Enter your Bot IDs and Email Token in the indicator settings
* Set a maximum budget for LONG and SHORT trades
* Choose whether to allow LONG trades, SHORT trades, or both, according to your preference and market analysis
* Set maximum trades per bar/category (i.e. the max. number of simultaneous signals that the algo may send to your 3Commas bots for execution at every bar close - every hour if you set the 1H timeframe)
* Access the detailed setup guide table for step-by-step 3Commas configuration instructions
3Commas integration
3. Choose Visuals
* Toggle various optional visual elements to add to the chart: category metrics, fired alerts, coin metrics, daily open, pivot points
* Select a color theme: Dark or Light
4. Activate Trading via Alerts
* Create TradingView alerts for each category you want to trade
* Set alert condition to "3Commas Multicoin Scalper" with "Any alert() function call"
* Set the content of the message filed to: {{Message}}, deleting the default content shown in this text field, to enable proper 3Commas integration (any other text than {{Message}}, would break the delivery trading signals from Tradingview to 3Commas)
* View the alerts setup instruction table for visual guidance on this critical step
Alerts
Fired Alerts
Important Configuration Notes
Ensure that the TradingView chart's exchange matches your selected exchange in the indicator settings and your 3Commas bot settings.
You must configure the same leverage in both the script and your 3Commas bots
Your 3Commas bots must be configured for All USDT pairs
You must enter the exact Bot IDs and Email Token from 3Commas (these remain confidential - no one, including us, has access to them)
If you activate multiple categories without sufficient capital, 3Commas will display " insufficient funds " errors - align your available capital with the number of categories you activate (each deal will use the budget amount specified in user inputs)
You are free to set your Take Profit % / trailing on 3Commas
We recommend not to use DCA orders (i.e. set the number of DCA orders at zero)
Legend of symbols
-------------------------------------
FAQs
General Questions
❓ Q: What is Global Score? A: The Global Score serves as a foundation for signal generation. When a candle's score exceeds certain thresholds (defined by your Risk Level setting), it becomes a candidate for signal generation. However, not all high-scoring candles generate trading signals - the indicator applies additional pattern recognition and contextual filters. For example, a strongly positive score (lime candle) in an established uptrend may trigger a "Trend Following" signal, while a strongly negative score (red candle) in a downtrend might generate a "Trend Following Short" signal. Similarly, contrarian signals are generated when specific reversal patterns occur alongside appropriate Global Score values, often involving wick analysis and pivot point interactions. This multi-layer approach helps filter out false positives and identify higher-probability trading setups.
❓ Q: What's the difference between "Trend following" and "Contrarian" signals in the script? A: "Trend Following" signals follow the identified trends while "Contrarian" signals anticipate potential trend reversals.
❓ Q: Why can't I configure all the parameters? A: We've designed the solution to be plug-and-play to prevent users from getting lost in endless configurations. The preset values have been tested against their trade-offs in terms of financial performance, average trade duration, and risk levels.
❓ Q: Why don't I see any signals on my chart? A: Make sure you're viewing a USDT Perpetual pair from your selected exchange that belongs to the crypto category you've chosen to analyze. For example, if you've selected the "Top Major Coins" category with Binance as your exchange, you need to view a chart of one of those specific pairs (like BINANCE:BTCUSDT.P) to see signals. If you switch exchanges, for example from Binance to Bybit, you need to pull a Bybit pair on the chart to see backtesting data and signals.
❓ Q: Does this indicator guarantee profits? A: No. Trading cryptocurrencies involves significant risk, and past performance is not indicative of future results. This indicator is a tool to help you identify potential trading setups, but it does not and cannot guarantee profits.
❓ Q: Does this indicator repaint or use lookahead bias? A: No. All trading signals generated by this indicator are based only on completed price data and do not repaint. The system is designed to ensure that backtesting results reflect as closely as possible what you should experience in live trading.
While reference levels like pivot points are kept stable throughout the day using lookahead on, the actual buy and sell signals are calculated using only historical data (lookahead off) that would have been available at that moment in time. This ensures reliability and consistency between backtesting and real-time trading performance.
Technical Setup
❓ Q: What exchanges are supported? A: The strategy supports BINANCE, BYBIT, BITGET, GATEIO, and OKX USDT Perpetual markets (i.e. all the Exchanges you can connect to your 3Commas account for USDT Perpetual trading, excluding Coinbase Perpetual that offers UDSC pairs, instead of USDT).
❓ Q: What timeframe should I use? A: The indicator is optimized for the 1-hour (1H) timeframe but may run on any timeframe.
❓ Q: How many coins can I trade at once? A: You can trade all coins within each selected category (up to 11 coins per category in standard categories). You can activate multiple categories by setting up multiple alerts.
❓ Q: How many alerts do I need to set up? A: You need to set up one alert for each crypto category you want to trade. For example, if you want to trade both the "Top Major Coins" and the "DeFi" categories, you'll need to create two separate alerts, one for each category. We recommend starting with one category, testing the results carefully, monitoring performance daily, and perhaps activating additional categories in a second stage.
❓ Q: Are there any specific risk management features built into the indicator? A: Yes, the indicator includes risk management features: adjustable maximum trades per hour/category, the ability to enable/disable long or short signals depending on market conditions, customizable trade size for both long and short positions, and different sensitivity/risk level settings.
❓ Q: What happens if 3Commas can't execute a signal? A: If 3Commas cannot execute a signal (due to insufficient funds, bot offline, etc.), the trade will be skipped. The indicator will continue sending signals for other valid setups, but it doesn't retry failed signals.
❓ Q: Can I run this indicator on multiple charts at once? A: Yes, but it's not necessary. The indicator analyzes all coins in your selected categories regardless of which chart you apply it to. For optimal resource usage, apply it to a single chart of a USDT Perpetual pair from your selected exchange. To stop trading a category delete the alert created for that category.
❓ Q: How frequently does the indicator scan for new signals? A: The indicator scans all coins in your selected categories at the close of each bar (every hour if you selected the 1H timeframe).
3Commas Integration
❓ Q: Do I need a 3Commas account? A: Yes, a 3Commas account with active DCA bots (both LONG and SHORT) is required for automated trade execution. A paid subscription is needed, as multipair Bots and multiple simultaneous deals are involved.
❓ Q: How do I set the leverage? A: Set the leverage identically in both the indicator settings and your 3Commas DCA bots (the max supported leverage is 50x). Always be careful about leverage, as it amplifies both profits and losses.
❓ Q: Where do I find my 3Commas Bot IDs and Email Token? A: Open your 3Commas DCA bot and scroll to the "Messages" section. You'll find the Bot ID and Email Token within any message (e.g., "Start Deal").
Display Settings
❓ Q: What does the Sensitivity setting do? A: It adjusts the sensitivity of signal generation. "Default" provides a balanced approach with moderate signal frequency. "Aggressive" lowers the thresholds for signal generation, potentially increasing trade frequency but may include more noise. "Test Mode" is the most sensitive setting, useful for testing alert configurations but not recommended for live trading. Higher risk levels may generate more signals but with potentially lower average quality, while lower risk levels produce fewer but potentially better signals.
❓ Q: What does "Show fired alerts" do? A: The "Show fired alerts" option displays a label on your chart showing which signals have been fired and sent to 3Commas during the most recent candle closes. This visual indicator helps you confirm that your alerts are working properly and shows which coins from your selected category have triggered signals. It's useful when setting up and testing the system, allowing you to verify that signals are being sent to 3Commas as expected and their frequency over time.
❓ Q: What does "Show coin/token metrics" do? A: This toggle displays detailed technical metrics for the specific coin/token currently shown on your chart. When enabled, it shows statistics for the last closed candle for that coin.
❓ Q: What does "Show most liquid days/times" do? A: This toggle displays color-coded background highlighting to indicate periods of varying market liquidity throughout the trading week. Green backgrounds show generally higher liquidity periods (typically weekday trading hours), yellow highlights potentially manipulative periods (often Sunday/Monday overnight), and gray indicates low liquidity periods (when major markets are closed or during late hours).
⚠️ Disclaimer
This indicator is for informational and educational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk, including the potential loss of all invested capital, and past performance is not indicative of future results.
Always conduct your own thorough research (DYOR) and understand the risks involved before making any trading decisions. Trading with leverage significantly amplifies both potential profits and losses - exercise extreme caution when using leverage and never risk more than you can afford to lose.
The Bot ID and Email Token information are transmitted directly from TradingView to 3Commas via secure connections. No third party or entity will ever have access to this data (including the Author). Do not share your 3Commas credentials with anyone.
This indicator is not affiliated with, endorsed by, or sponsored by TradingView or 3Commas.
Btc and Eth 5 min winnerWhat the Strategy Does
Finding the Trend (Like Watching the Bus Move): The strategy uses special tools called Hull Moving Averages (HMAs) to figure out if Bitcoin (BTC) Ethereum (ETH) prices are generally going up or down. It looks at short-term (5 minutes) and long-term (10 minutes) price movements to make sure the “bus” (the market) is moving strongly in one direction—up for buying, down for selling.
Spotting Good Times to Jump On (Buy or Sell Signals): It looks for two types of opportunities:
Pullbacks: When the price dips a little while still moving up (like the bus slowing down but not stopping), it’s a chance to buy.
Breakouts: When the price suddenly jumps higher after being stuck (like the bus speeding up), it’s another chance to buy. It does the opposite for selling when prices are dropping.
It also checks if there’s enough “passenger activity” (volume) and momentum (speed of price change) to make sure it’s a good move.
Avoiding Traffic Jams (Filters): The strategy uses tools like RSI (to check if the market’s too fast or too slow), volume (to see if enough people are trading), and ATR (to measure how wild the price swings are). It skips trades if things look too chaotic or if the trend isn’t strong enough.
Setting Safety Stops and Profit Targets: Once you’re on the “bus,” it sets rules to protect you:
Stop-Loss: If the price moves against you by a small amount (0.5% of the typical price swing), you jump off to avoid losing too much—think of it as getting off before the bus crashes.
Take-Profit: If the price moves in your favor by a small amount (1.0% of the typical swing), you cash out—imagine getting off at your stop with a profit.
Trailing Stop: If the price keeps moving your way, it adjusts your exit point to lock in more profit, like moving your stop closer as the bus keeps going.
Using Leverage (10x Boost): This strategy uses 10x leverage on Binance futures, meaning for every $1 you have, you trade like you have $10. This can make profits (or losses) 10 times bigger, so it’s risky but can be rewarding if you’re careful.
Why 5 Minutes and Bitcoin and Ethereum?
5-Minute Chart: This is like checking the bus every 5 minutes to make quick, small trades—perfect for fast, short profits.
Bitcoin Ethereum (BTC/USD)(ETH/USD): It’s the most popular and liquid crypto, so there’s lots of activity, making it easier to jump on and off without getting stuck.
Why It Aims for 90% Wins (But Be Realistic)
The goal is to win 9 out of 10 trades by being super picky about when to trade—only jumping on when the trend, momentum, and volume are all perfect. But in real trading, markets can be unpredictable, so 90% is very hard to achieve. Still, this strategy tries to be as accurate as possible by avoiding bad moves and focusing on strong trends.
Risks for a New Trader
Leverage: Trading with 10x leverage means small price moves can lead to big losses if you’re not careful. Start with a demo account (pretend money) on TradingView or Binance to practice.
Learning Curve: This strategy uses technical terms (like HMAs, RSI) and tools you’ll need to learn over time. Don’t rush—just practice and ask questions!
How to Use It
Go to TradingView, load this strategy on a 5-minute BTC/USD futures chart on Binance.
Watch the green triangles (buy signals) and red triangles (sell signals) on the chart—they tell you when to trade.
Use the stops and targets to manage your trades—don’t guess, let the strategy guide you.
Start small, learn from each trade, and don’t risk money you can’t afford to lose.
This is like learning to ride a bike—start slow, practice, and you’ll get better. If you have more questions or want simpler tips, feel free to ask! Trading can be fun and rewarding, but it takes patience and practice.
Altcoins DCA ScalperIntroduction
The Altcoins DCA Scalper is a Pine Strategy Script designed to automate Altcoins trading through 3Commas integration. It implements a Dollar-Cost Averaging (DCA) strategy that expands upon 3Commas' standard DCA capabilities, helping to manage risk while trading both long and short positions automatically.
This tool aims to assist both beginners exploring automated trading and experienced 3Commas users seeking dynamic DCA automation. The script is specifically designed for the 1-minute timeframe , where it has shown a good balance between performance and risk management. Complete setup typically takes less than 10 minutes, with a detailed guide making configuration straightforward for users of all experience levels.
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🔶 What is DCA?
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Dollar-cost averaging (DCA) refers to the practice of gradually increasing your position size at lower prices when trading long, or at higher prices when trading short, to achieve a better average entry price if the market moves against the initial entry . Instead of investing all capital at once, which could result in a significant drawdown if the price moves unfavorably, DCA spreads entries across different price levels to help manage potential drawdowns as they occur.
In this script, DCA is implemented through a system that:
🔹 Triggers safety orders only when/if needed (if take profit isn't reached quickly)
🔹 Dynamically adjusts order sizing based on market volatility
🔹 Automatically reduces take profit targets after each DCA order to increase the likelihood of a positive outcome
🔹 Can handle drawdowns depending on market volatility and settings
The images below illustrate two scenarios: one where an entry reaches the take profit directly, without activating DCA orders, and another where DCA is utilized, with the order closing positively after two DCA orders.
Case 1: Order closes in profit after entry
Case 2: Order closes in profit after 2 DCA orders (dynamically placed based on trend and volatility)
This DCA implementation aims to enhance standard 3Commas DCA by adding market-adaptive features while maintaining risk management principles.
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🔶 Could this strategy script benefit you?
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This script may be helpful if you are:
✅ Looking to automate your trading through 3Commas integration while maintaining full control of your assets
✅ Wanting to enhance 3Commas' standard DCA with market-adaptive features that consider:
Multi-timeframe trend analysis
Real-time volatility assessment
Dynamic safety order sizing and timing
✅ Seeking to minimize chart monitoring through full automation of:
Entry and exit decisions
Safety order management
Risk controls
✅ Interested in comprehensive performance tracking with:
Real-time position metrics
Detailed backtesting capabilities
Risk/reward analysis
Backtesting Metrics (script performance over the backtesting period - which is approx. 15 days on the 1min timeframe with the TradingView Pro Plan):
Current/Open Deal Metrics (the deal is currently under DCA, and waiting for further actions to close):
✅ Looking for trading automation that remains easy to set up and use
Note: While this script provides trading automation, successful trading requires proper education, risk management, and regular performance monitoring. No automated tool can guarantee trading success or profits.
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🔶 How it Works
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The Altcoins DCA Scalper provides trading automation through:
Market Analysis
* Multi-timeframe trend analysis (1m to 1d) for market direction and entry validation
* Volatility assessment (1h, 4h, 24h) benchmarked against TOTAL3 (excluding Top10 Altcoins and Stablecoins)
* Real-time adjustment of DCA parameters based on:
* Current volatility class (low/medium/high) vs. overall Altcoins market
* Market trend strength
* Price action dynamics
Trading Execution
* Position opening aligned with detected market trends
* "Beast Mode" base order sizing that increases position size during strong trends
* Dynamic take-profit targets that automatically reduce after each safety order to increase the likelihood of positive exits
* Dynamic DCA with safety orders that can:
* Adapt timing based on volatility
* Scale order sizes based on market conditions
* Handle 30-50% drawdowns depending on volatility class
* Execute up to 6 safety orders per position
Risk Management
* Emergency exits during extreme market events:
* "Black Swan" protection for long positions
* "God-Candle" protection for short positions
* Configurable stop-loss with volatility-based placement
* Trend-switch management with automated position reversal
* Position aging controls to prevent capital lock-up
* Leveraged trading protection with a pre-liquidation exit system
Integration & Automation
* Quick setup with two 3Commas bots (typically under 10 minutes)
* Fully automated signal generation and execution through 3Commas
* Detailed performance tracking including:
* Real-time position metrics
* DCA depth analysis
* Win rate and ROE calculations
* Pre-configured settings optimized for most pairs
* Multiple customization options for experienced users
Note: While this strategy employs automation and risk management, trading always carries the risk of loss. No system can guarantee profits, and market conditions significantly impact performance. Always do your own research and monitor your positions closely.
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How to Use
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Setting up the Altcoins DCA Scalper is quick and facilitated by the User Interface:
1️⃣ 3Commas/TradingView Setup
* Create two 3Commas accounts if using the FREE plan:
* One account for Long Bot
* One account for Short Bot
* This split allows full functionality while staying within 3Commas' free tier limits
* You do not need two separate accounts if you have a Paid 3Commas subscription
* While a free TradingView account works with the script, it limits you to one trading pair and a 4-day backtesting history. A paid TradingView subscription removes these limitations (such as the "Essential" plan).
2️⃣ Bot Configuration
* Create one Long and one Short DCA Bot in 3Commas
* Follow the setup guide available in the script itself for hassle-free configuration
* Copy Bot IDs and Email Token for script connection
* No complex settings needed - the script manages all DCA parameters by itself
3️⃣ Script Implementation
* Apply the script to your TradingView charts
* Use the built-in backtesting to analyze performance on different pairs
* Focus on USDT.P futures pairs with good volatility
4️⃣ Trading Activation
* Create TradingView alerts for each trading pair you want to activate
* Example: Set an alert for BINANCE: XRPUSDT.P following the in-script guide
* The script automatically manages all aspects:
* Entry and exit decisions
* DCA execution
* Risk management
* Position monitoring
Capital Requirements
* Important: Ensure sufficient capital to cover all activated pairs
* Consider volatility class when allocating capital to specific pairs
Once setup is complete, the script operates fully automatically while you maintain complete control of your funds through 3Commas and your exchange.
Note: While the setup is straightforward, always start with a small number of pairs and monitor performance before expanding. Trade responsibly and never risk more than you can afford to lose.
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Explaining the Settings
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The Altcoins DCA Scalper offers mulitple customization options during the setup process. All settings include detailed tooltips and default values.
Core Settings Sections:
1️⃣ 3Commas Connection
* Bot IDs and Email Token configuration
* Leverage settings (1x to 5x supported)
* Detailed 3Commas bot setup guide included
* Automatic bot control configuration
2️⃣ Trading Parameters
* Capital allocation per trade
* Timeframe verification
* Alert system setup
* Backtesting period control
* Performance tracking preferences
3️⃣ Advanced Features
🔹 Risk Management Suite
* Emergency exit controls (to strengthen protection against extraordinary market events)
* Customizable stop-loss system
* Trend-based exit management
* Position aging controls
* Liquidation protection features
* Advanced DCA controls
🔹 Performance Analytics
* Real-time position monitoring
* Comprehensive backtesting metrics
* DCA depth analysis
* Win rate calculations
* Capital efficiency tracking
🔹 Technical Optimizations
* Exchange minimum order adjustment
* Trading pair name override capability
* System stability controls
* Error handling mechanisms
🔹 Interface Customization
* Theme selection
* Chart overlay options
* Warning display preferences
* Performance metrics visibility
All settings come pre-configured but can be fully customized based on your trading preferences and risk tolerance. The script includes tooltips and setup guides for each option.
Note: While default settings may be tested, market conditions vary and all trading involves risk. Monitor performance and adjust settings according to your risk management requirements.
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Frequently Asked Questions
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Here are some common questions you may have, and our answers:
❓ Is this tool only for experts? I'm new to algo trading, can I use it?
No, the Altcoins DCA Scalper could be used by both beginners and experienced traders. The setup process is guided, and the algorithm handles all the calculations in the background.
❓ I'm not familiar with 3Commas. Is that a problem?
While the script is designed to work with 3Commas, a step-by-step guide is provided within the script to help you set up your 3Commas accounts and bots, if needed.
❓ Do I need to constantly monitor the script after it's set up?
No, after the initial setup and configuration, the script operates autonomously. It handles all aspects of trading including entries, exits, DCA management, and risk controls. However, we recommend:
* Checking performance metrics daily
* Reviewing position statistics weekly
* Adjusting pair selection monthly based on performance
* Monitoring overall market conditions that might require adjustments
❓ Can I use it with leverage?
Yes, the script is designed to work with leverage up to 5x on perpetual futures pairs (USDT.P). It includes specific features for leveraged trading:
* Dynamic safety order placement based on distance to liquidation
* Pre-liquidation exit system to minimize exchange fees
* Adjustable take-profit targets optimized for leveraged positions
* Emergency exit system for extreme market movements
* Optional risk controls specific to leverage:
* Automatic exit in the liquidation danger zone
* Position size scaling based on leverage level
* Safety order adjustments for different leverage settings
While leverage can amplify returns, it also increases risk. We recommend starting with lower leverage (2x), or no leverage at all, until familiar with the script's operation.
❓ Does this script guarantee profits?
No, no script or trading strategy can guarantee profits. The Altcoins DCA Scalper provides a framework for implementing an automated DCA strategy, but your success will depend on many different factors and conditions.
❓ Do I need to understand the complex algorithms used in the script?
No, it’s not necessary. The logic is handled by the script, and you do not need to understand every detail to use it effectively. However, a basic knowledge of DCA concepts will be beneficial.
❓ Can I use this script with spot or leveraged trades?
The script is optimized for USDT.P pairs (perpetual futures) with leverage up to 5x. This allows:
* Automatic long/short position management
* Increased capital utilization
* Full DCA functionality without holding the underlying assets
* Enhanced risk management features specific to futures
While spot trading is possible, it requires holding underlying assets for shorts and doesn't access the script's full capabilities.
❓What timeframe should I use?
This script is optimized for the 1-minute timeframe , which is the recommended setting for the best balance between performance, capital efficiency, and risk. While we recommend using the tool on the 1 minute TF, it would work on other timeframes too.
❓ What happens if my internet/computer goes down?
Since the script sends signals from Tradingview to 3Commas (which executes trades on your exchange), your positions and DCA management continue to function even if your TradingView chart is closed or your computer is off. The script only needs to be active to generate new signals.
❓ How are the DCA parameters determined?
The script dynamically adjusts DCA parameters based on:
* The pair's volatility class (compared to the overall altcoin market)
* Current market conditions and volatility
* Position direction (long/short)
* Leverage settings
* Number of safety orders already executed
This allows for adaptive/dynamic DCA compared to static or %-based parameters.
❓ What exchanges are supported?
The script works with any exchange supported by 3Commas for futures trading (approximately 15 different crypto Exchanges). However, it's optimized for Binance Futures (USDT.P pairs) due to its high liquidity and for consistency.
❓ What happens during extreme market conditions?
The script includes some (optional) protective measures that can be activated:
* Emergency exits during sharp and abnormal market moves
* Automatic adjustment of DCA parameters during high volatility
* Position closure on significant trend changes
* Special handling of aged positions
These features aim to protect capital during unusual market conditions.
❓How many pairs can I trade simultaneously?
This depends on your total capital. As a general indication, define the number of pairs to activate based on:
* Total available capital
* Desired position size per pair
* Risk tolerance
* Pairs' volatility class
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Final Thoughts
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We believe that your trading performance will greatly depend on your selection of appropriate trading pairs for this script (high volatility), and your commitment to regularly monitoring its performance and adjust the settings, rather than on the script alone.
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⚠️ Risk Disclaimer
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Remember that trading involves risk, and most day traders experience losses. This script is for educational and informational purposes only. Past performance does not guarantee future results. This is not financial advice, and you should always do your own research (DYOR). Trade responsibly with capital you can afford to lose.
The Altcoins DCA Scalper is an independent tool and is not endorsed, connected, or validated by TradingView.
3Commas is a third-party service, and TradingView is not responsible for the 3Commas integration or the performance of 3Commas bots. You are solely responsible for the security and management of your 3Commas account. Do not share your 3Commas access credentials (like login information, Bots-ID, Email Token) with anyone. The Author of the script has no access to such information, and nobody (but you) should.
Ultimate Stochastics Strategy by NHBprod Use to Day Trade BTCHey All!
Here's a new script I worked on that's super simple but at the same time useful. Check out the backtest results. The backtest results include slippage and fees/commission, and is still quite profitable. Obviously the profitability magnitude depends on how much capital you begin with, and how much the user utilizes per order, but in any event it seems to be profitable according to backtests.
This is different because it allows you full functionality over the stochastics calculations which is designed for random datasets. This script allows you to:
Designate ANY period of time to analyze and study
Choose between Long trading, short trading, and Long & Short trading
It allows you to enter trades based on the stochastics calculations
It allows you to EXIT trades using the stochastics calculations or take profit, or stop loss, Or any combination of those, which is nice because then the user can see how one variable effects the overall performance.
As for the actual stochastics formula, you get control, and get to SEE the plot lines for slow K, slow D, and fast K, which is usually not considered.
You also get the chance to modify the smoothing method, which has not been done with regular stochastics indicators. You get to choose the standard simple moving average (SMA) method, but I also allow you to choose other MA's such as the HMA and WMA.
Lastly, the user gets the option of using a custom trade extender, which essentially allows a buy or sell signal to exist for X amount of candles after the initial signal. For example, you can use "max bars since signal" to 1, and this will allow the indicator to produce an extra sequential buy signal when a buy signal is generated. This can be useful because it is possible that you use a small take profit (TP) and quickly exit a profitable trade. With the max bars since signal variable, you're able to reenter on the next candle and allow for another opportunity.
Let me know if you have any questions! Please take a look at the performance report and let me know your thoughts! :)
BuyTheDips Trade on Trend and Fixed TP/SL
This strategy is designed to trade in the direction of the trend using exponential moving average (EMA) crossovers as signals while employing fixed percentages for take profit (TP) and stop loss (SL) to manage risk and reward. It is suitable for both scalping and swing trading on any timeframe, with its default settings optimized for short-term price movements.
How It Works
EMA Crossovers:
The strategy uses two EMAs: a fast EMA (shorter period) and a slow EMA (longer period).
A buy signal is triggered when the fast EMA crosses above the slow EMA, indicating a potential bullish trend.
A sell signal is triggered when the fast EMA crosses below the slow EMA, signaling a bearish trend.
Trend Filtering:
To improve signal reliability, the strategy only takes trades in the direction of the overall trend:
Long trades are executed only when the fast EMA is above the slow EMA (bullish trend).
Short trades are executed only when the fast EMA is below the slow EMA (bearish trend).
This filtering ensures trades are aligned with the prevailing market direction, reducing false signals.
Risk Management (Fixed TP/SL):
The strategy uses fixed percentages for take profit and stop loss:
Take Profit: A percentage above the entry price for long trades (or below for short trades).
Stop Loss: A percentage below the entry price for long trades (or above for short trades).
These percentages can be customized to balance risk and reward according to your trading style.
For example:
If the take profit is set to 2% and the stop loss to 1%, the strategy operates with a 2:1 risk-reward ratio. BINANCE:BTCUSDT
[3Commas] Alligator StrategyThe Alligator Strategy
🔷 What it does: This script implements the Alligator Strategy, a trend-following method created by Bill Williams. It uses three customizable moving averages (SMMAs or RMAs) "Jaws," "Teeth," and "Lips" to identify market trends and potential trade opportunities. Additionally, it includes built-in stop-loss and take-profit options for enhanced risk management.
🔷 Who is it for:
Trend Traders: Those who prefer trading in markets with clear directional movement.
Advanced Users: Traders who require customizable tools and dynamic risk management features.
Beginners: Accessible to those new to trading, thanks to its intuitive visual representation of trends and pre-configured settings.
Bot Users: Supports direct signal integration for bot automation, including entries, take-profits, and stop-losses.
🔷 How does it work: The Alligator Jaws, Teeth, and Lips are smoothed moving averages (SMA, EMA, RMA, or WMA) calculated based on the selected source price ( hl2 = (high+low)/2 by default). Their lengths and offsets are customizable:
Jaws: Length 21 , offset 13.
Teeth: Length 13, offset 8.
Lips: Length 8 , offset 5.
When the lines align and spread apart (e.g., Lips > Teeth > Jaws for an uptrend), the strategy identifies a trending market.
Entry Conditions:
Long Trades: Triggered when Close > Lips > Teeth > Jaws.
Short Trades: Triggered when Close < Lips < Teeth < Jaws.
🔷 Why it’s unique:
Customization: Flexible settings for moving average types and lengths to adapt to different market conditions and strategy tester configurations.
Built-in Filters: Trend filters that can reduce false signals in certain scenarios, making it more reliable for trending markets.
Take Profit and Stop Loss:
Configurable as either percentage-based or dynamic.
Stop-loss levels adjust dynamically using the Alligator lines.
Fast exit logic moves the stop-loss closer to the price when trades are in profit.
3Commas Bot Compatibility: Designed for automated trading, allowing traders to configure and execute the strategy seamlessly.
🔷 Considerations Before Using the Indicator
🔸Why the Forward Offset: By shifting the averages forward, the Alligator helps traders focus on established trends while filtering out short-term market noise.
The standard configurations of 13-8, 8-5, and 5-3 were selected based on Bill Williams’ studies of market behavior. However, these values can be adjusted to suit different market conditions:
Volatile Markets: Faster settings (e.g., 10-6, 6-4, 3-2) may provide earlier signals.
Less Volatile Markets: Slower settings (e.g., 21-13, 13-8, 8-5) can help avoid noise and reduce false signals.
🔸Best Timeframes to Use: The Alligator can be applied across all timeframes, but certain timeframes offer better reliability.
Higher Timeframes (H4, D1, W1): Ideal for identifying significant trends and for swing or position trading.
Lower Timeframes: Not recommended due to increased noise but may work for scalping with additional confirmation tools.
🔸Disadvantages of the Alligator Strategy:
Exhausted Entry Levels: High buying levels or low selling levels can lead to momentum exhaustion and potential pullbacks.
False Signals in Ranges: Consolidating markets can produce unreliable signals.
Lagging Indicator: As it is based on moving averages, it may delay reacting to sudden price changes.
🔸Advantages of the Alligator Strategy:
Trend Focused: Simplifies the identification of trending markets.
Noise Reduction: Forward shifts and smoothed averages help filter out short-term price fluctuations.
Broad Applicability: Suitable for forex, crypto, stocks, and commodities.
🔸Important Considerations:
While the Alligator Strategy provides a systematic way to analyze markets, it does not guarantee successful outcomes. Results in trading depend on multiple factors, including market conditions, trader discipline, and risk management. Past performance of the strategy does not ensure future success, and traders should always approach the market with caution.
Risk Management: Define stop-loss levels, position size, and profit targets before entering any trade. Be prepared for the possibility of losses and ensure that your approach aligns with your overall trading plan.
🔷 STRATEGY PROPERTIES
Symbol: BINANCE:BTCUSDT (Spot).
Timeframe: 1D (Daily Timeframe).
Test Period: All historical data available.
Initial Capital: 10000 USDT.
Order Size per Trade: 1% of Capital, you can use a higher value e.g. 5%, be cautious that the Max Drawdown does not exceed 10%, as it would indicate a very risky trading approach.
Commission: Binance commission 0.1%, adjust according to the exchange being used, lower numbers will generate unrealistic results. By using low values e.g. 5%, it allows us to adapt over time and check the functioning of the strategy.
Slippage: 5 ticks, for pairs with low liquidity or very large orders, this number should be increased as the order may not be filled at the desired level.
Margin for Long and Short Positions: 100%.
Indicator Settings: Default Configuration.
Alligator: Source hl2 | Calculation RMA | Jaw 21-13, Teeth 13-8, Lips 8-5.
Strategy: Long & Short.
Max Stop Loss per Trade: 10% of Trade Size.
Exit trades on opposite signal: Enable.
Alligator Stop Loss: Enable.
Alligator Fast Exit: Enable.
🔷 STRATEGY RESULTS
⚠️ Remember, past results do not guarantee future performance.
Net Profit: +355.68 USDT (+3.56%).
Total Closed Trades: 103.
Percent Profitable: 47.57%.
Profit Factor: 1.927.
Max Drawdown: -57.99 USDT (-0.56%).
Average Trade: +3.45 USDT (+3.41%).
Average # Bars in Trades: 16.
🔷 HOW TO USE
🔸Adjust the Alligator Settings:
The default values generally work well: Source hl2 | Calculation RMA | Jaw 21-13, Teeth 13-8, Lips 8-5. However, if you want to use it on timeframes smaller than 4H (4 hours), consider increasing the values to better filter market noise.
Please review the "Indicator Settings" section for configuration.
🔸Choose a Symbol that Typically Trends:
Select an asset that tends to create trends. However, the Strategy Tester results may display poor performance, making it less suitable for sending signals to bots.
🔸Add Trend Filters:
You can enable trend filters like MA and SuperTrend. By default, these are disabled as they are often unnecessary, but you can experiment with their configuration to see if they optimize the strategy's results.
Please review the "Indicator Settings" section for configuration.
🔸Enable Stop Loss Levels:
Activate Stop Loss features, such as Stop Loss % or Alligator Stop Loss. If both are enabled, the one closest to the price during the trade will be applied.
Please review the "Indicator Settings" section for configuration.
🔸Enable Take Profit Levels:
Activate Take Profit options, such as Take Profit % or Alligator Fast Exit. If both are enabled, the one that triggers first will be executed.
Please review the "Indicator Settings" section for configuration.
This is an example with the default settings and how Alligator Stop Loss and Alligator Fast Exit are activated:
In this example, we additionally enable the Take Profit at 10%. We can observe that the Alligator Stop Loss is the active one since it is closer to the price. When the price moves 10% in favor or against the trade, the position is closed. Although the Alligator Fast Exit is enabled, it does not activate because the trades are closed beforehand.
🔸Results Review:
It is important to check the Max Drawdown. This value should ideally not exceed 10% of your capital. Consider adjusting the trade size to ensure this threshold is not surpassed.
Remember to include the correct values for commission and slippage according to the symbol and exchange where you are conducting the tests. Otherwise, the results will not be realistic.
If you are satisfied with the results, you may consider automating your trades. However, it is strongly recommended to use a small amount of capital or a demo account to test proper execution before committing real funds.
🔸Create alerts to trigger the DCA Bot
Verify Messages: Ensure the message matches the one specified by the DCA Bot.
Multi-Pair Configuration: For multi-pair setups, enable the option to add the symbol in the correct format.
Signal Settings: Enable whether you want to receive long or short signals (Entry | TP | SL), copy and paste the the messages for the DCA Bots configured in 3Commas.
Alert Setup:
When creating an alert, set the condition to the indicator and choose "alert() function call only.
Enter any desired Alert Name.
Open the Notifications tab, enable Webhook URL, and paste the Webhook URL from 3Commas.
For more details, refer to the 3Commas section: "How to use TradingView Custom Signals.
Finalize Alerts: Click Create, you're done! Alerts will now be sent automatically in the correct format to 3Commas.
🔷 INDICATOR SETTINGS
🔸Alligator Settings
MA's source: Source price for Alligator moving averages.
MA's Type: Type of calculation for MA's.
Jaw and Offset: Jaw length and offset to the right.
Teeth and Offset: Teethlength and offset to the right.
Lips and Offset: Lips length and offset to the right.
🔸Alligator Style
Plot Alligator: Show Alligator Ribbon.
Plot MA's: Show Alligator MA's.
Colors: Main and Gradient Colors for Bullish Alligator, Berish Alligator, Neutral Alligator. For gradient colors it is recommended to use an opacity of 15.
🔸MA & SuperTrend Filters
MA & Plot: Activate MA Filter and Plot MA on the chart.
Long Entries: When activated, it will only execute entries if the price is above the MA
Short Entries: When activated, it will only execute entries if the price is below the MA.
Source: Source price for moving average calculations.
Length: Candles to be used by the MA calculations.
Type: Type of calculation for MA.
Timeframe: Here you can select a larger timeframe for the filter.
ST & Plot: Activate SuperTrend Filter and Plot SuperTrend on the chart.
Long Entries: When activated, it will only execute entries if the price is above the SuperTrend.
Short Entries: When activated, it will only execute entries if the price is below the SuperTrend.
Source: Source price for SuperTrend calculations.
Length: Candles to be used by the SuperTrend calculations.
Factor: ATR multiplier of the SuperTrend.
Timeframe: Here you can select a larger timeframe for the filter.
🔸Strategy Tester
Strategy: Order Type direction in which trades are executed.
Take Profit %: When activated, the entered value will be used as the Take Profit in percentage from the entry price level.
Stop Loss %: When activated, the entered value will be used as the Stop Loss in percentage from the entry price level. If Alligator Stop Loss is activated, the closest one to the price will be used.
Exit trades on opposite signal: This option closes the trade if the opposite condition is met. For instance, if we are in a long position and a sell signal is triggered, the long position will be closed, and a short position will be opened. The same applies inversely.
Alligator Stop Loss: In a long trade, the lower part of the Alligator indicator will be used as a dynamic stop loss. Similarly, in a short trade, the upper part of the indicator will be used.
Alligator Fast Exit: Its purpose is to attempt to protect movements in favor of the trade's direction. In the case of long trades, once the price and the upper part of the Alligator indicator are above the trade's entry price, the stop loss will be moved to the upper part. For short trades, once the price and the lower part of the Alligator indicator are below the trade's entry price, the stop loss will be moved to the lower part of the Alligator indicator.
Alligator Squeeze Entry: When activated, entries will only be executed if they meet the condition after a neutral zone of the Alligator indicator.
Alligator Squeeze Exit: When this option is activated, any open trades will be closed when the Alligator indicator enters a neutral mode.
Use Custom Test Period: When enabled signals only works in the selected time window. If disabled it will use all historical data available on the chart.
Test Start and End: Once the Custom Test Period is enabled, here you select the start and end date that you want to analyze.
🔸3Commas DCA Bot Signals
Check Messages: Enable the table to review the messages to be sent to the bot.
Entry | TP | SL: Enable this options to send Buy Entry, Take Profit (TP), and Stop Loss (SL) signals to 3Commas.
Deal Entry and Deal Exit : Copy and paste the message for the deal start signal and close order at Market Price of the DCA Bot you created in 3Commas. This is the message that will be sent with the alert to the Bot, you must verify that it is the same as the 3Commas bot so that it can process properly so that it executes and starts the trade.
DCA Bot Multi-Pair: You must activate it if you want to use the signals in a DCA Bot Multi-pair in the text box you must enter (using the 3Commas format) the symbol in which you are creating the alert, you can check the format of each symbol when you create the bot.
🔷 CONCLUSION
The Alligator Strategy is a valuable tool for identifying potential trends and improving decision-making. However, no trading strategy is foolproof. Careful consideration of market conditions, proper risk management, and personal trading goals are essential. Use the Alligator as part of a broader trading system, and remember that consistent learning and discipline are key to success in trading.
👨🏻💻💭 We hope this tool helps enhance your trading. Your feedback is invaluable, so feel free to share any suggestions for improvements or new features you'd like to see implemented.
____________________________________________________________________
The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Multi-Band Comparison Strategy (CRYPTO)Multi-Band Comparison Strategy (CRYPTO)
Optimized for Cryptocurrency Trading
This Pine Script strategy is built from the ground up for traders who want to take advantage of cryptocurrency volatility using a confluence of advanced statistical bands. The strategy layers Bollinger Bands, Quantile Bands, and a unique Power-Law Band to map out crucial support/resistance zones. It then focuses on a Trigger Line—the lower standard deviation band of the upper quantile—to pinpoint precise entry and exit signals.
Key Features
Bollinger Band Overlay
The upper Bollinger Band visually shifts to yellow when price exceeds it, turning black otherwise. This offers a straightforward way to gauge heightened momentum or potential market slowdowns.
Quantile & Power-Law Integration
The script calculates upper and lower quantile bands to assess probabilistic price extremes.
A Power-Law Band is also available to measure historically significant return levels, providing further insight into overbought or oversold conditions in fast-moving crypto markets.
Standard Deviation Trigger
The lower standard deviation band of the upper quantile acts as the strategy’s trigger. If price consistently holds above this line, the strategy interprets it as a strong bullish signal (“green” zone). Conversely, dipping below indicates a “red” zone, signaling potential reversals or exits.
Consecutive Bar Confirmation
To reduce choppy signals, you can fine-tune the number of consecutive bars required to confirm an entry or exit. This helps filter out noise and false breaks—critical in the often-volatile crypto realm.
Adaptive for Multiple Timeframes
Whether you’re scalping on a 5-minute chart or swing trading on daily candles, the strategy’s flexible confirmation and overlay options cater to different market conditions and trading styles.
Complete Plot Customization
Easily toggle visibility of each band or line—Bollinger, Quantile, Power-Law, and more.
Built-in Simple and Exponential Moving Averages can be enabled to further contextualize market trends.
Why It Excels at Crypto
Cryptocurrencies are known for rapid price swings, and this strategy addresses exactly that by combining multiple statistical methods. The quantile-based confirmation reduces noise, while Bollinger and Power-Law bands help highlight breakout regions in trending markets. Traders have reported that it works seamlessly across various coins and tokens, adapting its triggers to each asset’s unique volatility profile.
Give it a try on your favorite cryptocurrency pairs. With advanced data handling, crisp visual cues, and adjustable confirmation logic, the Multi-Band Comparison Strategy provides a robust framework to capture profitable moves and mitigate risk in the ever-evolving crypto space.
Sunil High-Frequency Strategy with Simple MACD & RSISunil High-Frequency Strategy with Simple MACD & RSI
This high-frequency trading strategy uses a combination of MACD and RSI to identify quick market opportunities. By leveraging these indicators, combined with dynamic risk management using ATR, it aims to capture small but frequent price movements while ensuring tight control over risk.
Key Features:
Indicators Used:
MACD (Moving Average Convergence Divergence): The strategy uses a shorter MACD configuration (Fast Length of 6 and Slow Length of 12) to capture quick price momentum shifts. A MACD crossover above the signal line triggers a buy signal, while a crossover below the signal line triggers a sell signal.
RSI (Relative Strength Index): A shorter RSI length of 7 is used to gauge overbought and oversold market conditions. The strategy looks for RSI confirmation, with a long trade initiated when RSI is below the overbought level (70) and a short trade initiated when RSI is above the oversold level (30).
Risk Management:
Dynamic Stop Loss and Take Profit: The strategy uses ATR (Average True Range) to calculate dynamic stop loss and take profit levels based on market volatility.
Stop Loss is set at 0.5x ATR to limit risk.
Take Profit is set at 1.5x ATR to capture reasonable price moves.
Trailing Stop: As the market moves in the strategy’s favor, the position is protected by a trailing stop set at 0.5x ATR, allowing the strategy to lock in profits as the price moves further.
Entry & Exit Signals:
Long Entry: Triggered when the MACD crosses above the signal line (bullish crossover) and RSI is below the overbought level (70).
Short Entry: Triggered when the MACD crosses below the signal line (bearish crossover) and RSI is above the oversold level (30).
Exit Conditions: The strategy exits long or short positions based on the stop loss, take profit, or trailing stop activation.
Frequent Trades:
This strategy is designed for high-frequency trading, with trade signals occurring frequently as the MACD and RSI indicators react quickly to price movements. It works best on lower timeframes such as 1-minute, 5-minute, or 15-minute charts, but can be adjusted for different timeframes based on the asset’s volatility.
Customizable Parameters:
MACD Settings: Adjust the Fast Length, Slow Length, and Signal Length to tune the MACD’s sensitivity.
RSI Settings: Customize the RSI Length, Overbought, and Oversold levels to better match your trading style.
ATR Settings: Modify the ATR Length and multipliers for Stop Loss, Take Profit, and Trailing Stop to optimize risk management according to market volatility.
Important Notes:
Market Conditions: This strategy is designed to capture smaller, quicker moves in trending markets. It may not perform well during choppy or sideways markets.
Optimizing for Asset Volatility: Adjust the ATR multipliers based on the asset’s volatility to suit the risk-reward profile that fits your trading goals.
Backtesting: It's recommended to backtest the strategy on different assets and timeframes to ensure optimal performance.
Summary:
The Sunil High-Frequency Strategy leverages a simple combination of MACD and RSI with dynamic risk management (using ATR) to trade small but frequent price movements. The strategy ensures tight stop losses and reasonable take profits, with trailing stops to lock in profits as the price moves in favor of the trade. It is ideal for scalping or intraday trading on lower timeframes, aiming for quick entries and exits with controlled risk.
TrendGuard Scalper: SSL + Hama Candle with Consolidation ZonesThis TradingView script brings a powerful scalping strategy that combines the SSL Channel and Hama Candles indicators with a special twist—consolidation detection. Designed for traders looking for consistency in various markets like crypto, forex, and stocks, this strategy highlights clear trend signals, risk management, and helps filter out risky trades during consolidation periods.
Why Use This Strategy?
Clear Trend Detection:
With the SSL Channel, you’ll know exactly when the market is in an uptrend (green) or downtrend (red), giving you straightforward entry points.
Short-Term Trend Precision with Hama Candles:
By calculating unique EMAs for open, high, low, and close, the Hama Candles show the strength and direction of short-term trends. Combined with the Hama Line, it gives you a solid confirmation on whether the trend is strong or about to reverse, allowing for precise entries and exits.
Avoiding Choppy Markets:
Thanks to ATR-based consolidation detection, this strategy identifies low-volatility periods where the market is “choppy” and less predictable. During these times, a yellow background appears on the chart, warning you to hold off on trades, reducing the likelihood of entering losing trades.
Built-In Risk Management:
With adjustable Take Profit and Stop Loss levels based on price movements, you can set and forget your trades, with a safety net if the market turns against you. The strategy automatically closes positions if the price returns to the Hama Candle, keeping your risk low.
How It Works:
Long Position: When both the SSL and Hama indicators show a green trend, and the price is above the Hama Candles, the strategy opens a long position. Take Profit triggers at your chosen risk-to-reward ratio, while Stop Loss protects you just below the Hama Line.
Short Position: When both indicators align in red and the price is below the Hama Candles, the strategy opens a short. Similar to longs, Stop Loss is set just above the Hama Line, and Take Profit is at your defined level.
Start Trading Confidently
Test this strategy with different settings and discover how it can perform across various assets. Whether you're trading Bitcoin, forex pairs, or stocks, this system has the flexibility and robustness to help you spot profitable trends and avoid risky zones. Try it today on a 30-minute timeframe to see how it aligns with your trading goals, and let the consolidation detection guide you away from false signals.
Happy trading, and may the trends be with you! 📈
Fractal Proximity MA Aligment Scalping StrategyFractal Analysis
Fractals in trading help identify potential reversal points by marking significant price changes. Our strategy calculates a "fractal value" by comparing the current price to recent high and low fractal points. This is done by evaluating the sum of distances from the current closing price to the recent highs and lows. A positive fractal value suggests proximity to recent lows, hinting at upward momentum. Conversely, a negative value indicates closeness to recent highs, signaling potential downward movement.
Moving Averages for Confirmation
We use a series of 20 moving averages ranging from 5 to 100 to confirm trend directions indicated by fractal analysis. An entry signal is considered bullish when shorter-term moving averages are all above a long-term moving average, aligning with a positive fractal value.
Exit Strategy
The strategy employs dynamic stop-loss levels set at various moving averages, allowing for partial exits when the price crosses below specific thresholds. This helps manage the trade by locking in profits gradually. A full exit might be triggered by strong reversal signals suggested by both fractal values and moving average trends.
This open-source strategy is available for the community to test, adapt, and utilize. Your feedback and modifications are welcome as we refine the approach based on collective user experiences.
BTC 5 min SHBHilalimSB A Wedding Gift 🌙
What is HilalimSB🌙?
First of all, as mentioned in the title, HilalimSB is a wedding gift.
HilalimSB - Revealing the Secrets of the Trend
HilalimSB is a powerful indicator designed to help investors analyze market trends and optimize trading strategies. Designed to uncover the secrets at the heart of the trend, HilalimSB stands out with its unique features and impressive algorithm.
Hilalim Algorithm and Fixed ATR Value:
HilalimSB is equipped with a special algorithm called "Hilalim" to detect market trends. This algorithm can delve into the depths of price movements to determine the direction of the trend and provide users with the ability to predict future price movements. Additionally, HilalimSB uses its own fixed Average True Range (ATR) value. ATR is an indicator that measures price movement volatility and is often used to determine the strength of a trend. The fixed ATR value of HilalimSB has been tested over long periods and its reliability has been proven. This allows users to interpret the signals provided by the indicator more reliably.
ATR Calculation Steps
1.True Range Calculation:
+ The True Range (TR) is the greatest of the following three values:
1. Current high minus current low
2. Current high minus previous close (absolute value)
3. Current low minus previous close (absolute value)
2.Average True Range (ATR) Calculation:
-The initial ATR value is calculated as the average of the TR values over a specified period
(typically 14 periods).
-For subsequent periods, the ATR is calculated using the following formula:
ATRt=(ATRt−1×(n−1)+TRt)/n
Where:
+ ATRt is the ATR for the current period,
+ ATRt−1 is the ATR for the previous period,
+ TRt is the True Range for the current period,
+ n is the number of periods.
Pine Script to Calculate ATR with User-Defined Length and Multiplier
Here is the Pine Script code for calculating the ATR with user-defined X length and Y multiplier:
//@version=5
indicator("Custom ATR", overlay=false)
// User-defined inputs
X = input.int(14, minval=1, title="ATR Period (X)")
Y = input.float(1.0, title="ATR Multiplier (Y)")
// True Range calculation
TR1 = high - low
TR2 = math.abs(high - close )
TR3 = math.abs(low - close )
TR = math.max(TR1, math.max(TR2, TR3))
// ATR calculation
ATR = ta.rma(TR, X)
// Apply multiplier
customATR = ATR * Y
// Plot the ATR value
plot(customATR, title="Custom ATR", color=color.blue, linewidth=2)
This code can be added as a new Pine Script indicator in TradingView, allowing users to calculate and display the ATR on the chart according to their specified parameters.
HilalimSB's Distinction from Other ATR Indicators
HilalimSB emerges with its unique Average True Range (ATR) value, presenting itself to users. Equipped with a proprietary ATR algorithm, this indicator is released in a non-editable form for users. After meticulous testing across various instruments with predetermined period and multiplier values, it is made available for use.
ATR is acknowledged as a critical calculation tool in the financial sector. The ATR calculation process of HilalimSB is conducted as a result of various research efforts and concrete data-based computations. Therefore, the HilalimSB indicator is published with its proprietary ATR values, unavailable for modification.
The ATR period and multiplier values provided by HilalimSB constitute the fundamental logic of a trading strategy. This unique feature aids investors in making informed decisions.
Visual Aesthetics and Clear Charts:
HilalimSB provides a user-friendly interface with clear and impressive graphics. Trend changes are highlighted with vibrant colors and are visually easy to understand. You can choose colors based on eye comfort, allowing you to personalize your trading screen for a more enjoyable experience. While offering a flexible approach tailored to users' needs, HilalimSB also promises an aesthetic and professional experience.
Strong Signals and Buy/Sell Indicators:
After completing test operations, HilalimSB produces data at various time intervals. However, we would like to emphasize to users that based on our studies, it provides the best signals in 1-hour chart data. HilalimSB produces strong signals to identify trend reversals. Buy or sell points are clearly indicated, allowing users to develop and implement trading strategies based on these signals.
For example, let's imagine you wanted to open a position on BTC on 2023.11.02. You are aware that you need to calculate which of the buying or selling transactions would be more profitable. You need support from various indicators to open a position. Based on the analysis and calculations it has made from the data it contains, HilalimSB would have detected that the graph is more suitable for a selling position, and by producing a sell signal at the most ideal selling point at 08:00 on 2023.11.02 (UTC+3 Istanbul), it would have informed you of the direction the graph would follow, allowing you to benefit positively from a 2.56% decline.
Technology and Innovation:
HilalimSB aims to enhance the trading experience using the latest technology. With its innovative approach, it enables users to discover market opportunities and support their decisions. Thus, investors can make more informed and successful trades. Real-Time Data Analysis: HilalimSB analyzes market data in real-time and identifies updated trends instantly. This allows users to make more informed trading decisions by staying informed of the latest market developments. Continuous Update and Improvement: HilalimSB is constantly updated and improved. New features are added and existing ones are enhanced based on user feedback and market changes. Thus, HilalimSB always aims to provide the latest technology and the best user experience.
Social Order and Intrinsic Motivation:
Negative trends such as widespread illegal gambling and uncontrolled risk-taking can have adverse financial effects on society. The primary goal of HilalimSB is to counteract these negative trends by guiding and encouraging users with data-driven analysis and calculable investment systems. This allows investors to trade more consciously and safely.
What is BTC 5 min ☆SHB Strategy🌙?
BTC 5 min ☆SHB Strategy is a strategy supported by the HilalimSB algorithm created by the creator of HilalimSB. It automatically opens trades based on the data it receives, maintaining trades with its uniquely defined take profit and stop loss levels, and automatically closes trades when necessary. It stands out in the TradingView world with its unique take profit and stop loss markings. BTC 5 min ☆SHB Strategy is close to users' initiatives and is a strategy suitable for 5-minute trades and scalp operations developed on BTC.
What does the BTC 5 min ☆SHB Strategy target?
The primary goal of BTC 5 min ☆SHB Strategy is to close trades made by traders in short timeframes as profitably as possible and to determine the most effective trading points in low time periods, considering the commission rates of various brokerage firms. BTC 5 min ☆SHB Strategy is one of the rare profitable strategies released in short timeframes, with its useful interface, in addition to existing strategies in the markets. After extensive backtesting over a long period and achieving above-average success, BTC 5 min ☆SHB Strategy was decided to be released. Following the completion of test procedures under market conditions, it was presented to users with the unique visual effects of ☆SB.
BTC 5 min ☆SHB Strategy and Heikin Ashi
BTC 5 min ☆SHB Strategy produces data in Heikin-Ashi chart types, but since Heikin-Ashi chart types have their own calculation method, BTC 5 min ☆SHB Strategy has been published in a way that cannot produce data in this chart type due to BTC 5 min ☆SHB Strategy's ideology of appealing to all types of users, and any confusion that may arise is prevented in this way. Heikin-Ashi chart types, especially in short time intervals, carry significant risks considering the unique calculation methods involved. Thus, the possibility of being misled by the coder and causing financial losses has been completely eliminated. After the necessary conditions determined by the creator of BTC 5 min ☆SHB are met, BTC 5 min ☆SHB Heikin-Ashi will be shared exclusively with invited users only, upon request, to users who request an invitation.
Key Features:
+HilalimSHB Algorithm: This algorithm uses a dynamic ATR-based trend-following mechanism to identify the current market trend. The strategy detects trend reversals and takes positions accordingly.
+Heikin Ashi Compatibility: The strategy is optimized to work only with standard candlestick charts and automatically deactivates when Heikin Ashi charts are in use, preventing false signals.
+Advanced Chart Enhancements: The strategy offers clear graphical markers for buy/sell signals. Candlesticks are automatically colored based on trend direction, making market trends easier to follow.
Strategy Parameters:
+Take Profit (%): Defines the target price level for closing a position and automates profit-taking. The fixed value is set at 2%.
+Stop Loss (%): Specifies the stop-loss level to limit losses. The fixed value is set at 3%.
The shared image is a 5-minute chart of BTCUSDC.P with a fixed take profit value of 2% and a fixed stop loss value of 3%. The trades are opened with a commission rate of 0.063% set for the USDT trading pair on Binance.🌙
Fibonacci Trend Reversal StrategyIntroduction
This publication introduces the " Fibonacci Retracement Trend Reversal Strategy, " tailored for traders aiming to leverage shifts in market momentum through advanced trend analysis and risk management techniques. This strategy is designed to pinpoint potential reversal points, optimizing trading opportunities.
Overview
The strategy leverages Fibonacci retracement levels derived from @IMBA_TRADER's lance Algo to identify potential trend reversals. It's further enhanced by a method called " Trend Strength Over Time " (TSOT) (by @federalTacos5392b), which utilizes percentile rankings of price action to measure trend strength. This also has implemented Dynamic SL finder by utilizing @veryfid's ATR Stoploss Finder which works pretty well
Indicators:
Fibonacci Retracement Levels : Identifies critical reversal zones at 23.6%, 50%, and 78.6% levels.
TSOT (Trend Strength Over Time) : Employs percentile rankings across various timeframes to gauge the strength and direction of trends, aiding in the confirmation of Fibonacci-based signals.
ATR (Average True Range) : Implements dynamic stop-loss settings for both long and short positions, enhancing trade security.
Strategy Settings :
- Sensitivity: Set default at 18, adjustable for more frequent or sparse signals based on market volatility.
- ATR Stop Loss Finder: Multiplier set at 3.5, applying the ATR value to determine stop losses dynamically.
- ATR Length: Default set to 14 with RMA smoothing.
- TSOT Settings: Hard-coded to identify percentile ranks, with no user-adjustable inputs due to its intrinsic calculation method.
Trade Direction Options : Configurable to support long, short, or both directions, adaptable to the trader's market assessment.
Entry Conditions :
- Long Entry: Triggered when the price surpasses the mid Fibonacci level (50%) with a bullish TSOT signal.
- Short Entry: Activated when the price falls below the mid Fibonacci level with a bearish TSOT indication.
Exit Conditions :
- Employs ATR-based dynamic stop losses, calibrated according to current market volatility, ensuring effective risk management.
Strategy Execution :
- Risk Management: Features adjustable risk-reward settings and enables partial take profits by default to systematically secure gains.
- Position Reversal: Includes an option to reverse positions based on new TSOT signals, improving the strategy's responsiveness to evolving market conditions.
The strategy is optimized for the BYBIT:WIFUSDT.P market on a scalping (5-minute) timeframe, using the default settings outlined above.
I spent a lot of time creating the dynamic exit strategies for partially taking profits and reversing positions so please make use of those and feel free to adjust the settings, tool tips are also provided.
For Developers: this is published as open-sourced code so that developers can learn something especially on dynamic exits and partial take profits!
Good Luck!
Disclaimer
This strategy is shared for educational purposes and must be thoroughly tested under diverse market conditions. Past performance does not guarantee future results. Traders are advised to integrate this strategy with other analytical tools and tailor it to specific market scenarios. I was only sharing what I've crafted while strategizing over a Solana Meme Coin.
ORB Heikin Ashi SPY 5min Correlation StrategyOverview:
The ORB (Opening Range Breakout) strategy combined with Heikin Ashi candles and Relative Volume (RVOL) indicator aims to capitalize on significant price movements that occur shortly after the market opens. This strategy identifies breakouts above or below the opening range, using Heikin Ashi candles for smoother price visualization and RVOL to gauge the strength of the breakout.
Components:
Opening Range Breakout (ORB): The strategy starts by defining the opening range, typically the first few minutes of the trading session. It then identifies breakouts above the high or below the low of this range as potential entry points.
Heikin Ashi Candles: Heikin Ashi candles are used to provide a smoother representation of price movements compared to traditional candlesticks. By averaging open, close, high, and low prices of the previous candle, Heikin Ashi candles reduce noise and highlight trends more effectively.
Relative Volume (RVOL): RVOL compares the current volume of a stock to its average volume over a specified period. It helps traders identify abnormal trading activity, which can signal potential price movements.
Candle for correlation : In this case we are using SPY candles. It can also use different asset
Strategy Execution:
Initialization: The strategy initializes by setting up variables and parameters, including the ORB period, session timings, and Heikin Ashi candle settings.
ORB Calculation: It calculates the opening range by identifying the high and low prices during the specified session time. These values serve as the initial reference points for potential breakouts. For this we are looking for the first 30 min of the US opening session.
After that we are going to use the next 2 hours to check for breakout opportunities.
Heikin Ashi Transformation: Optionally, the strategy transforms traditional candlestick data into Heikin Ashi format for smoother visualization and trend identification.
Breakout Identification: It continuously monitors price movements within the session and checks if the current high breaches the ORB high or if the current low breaches the ORB low. These events trigger potential long or short entry signals, respectively.
RVOL Analysis: Simultaneously, the strategy evaluates the relative volume of the asset to gauge the strength of the breakout. A surge in volume accompanying the breakout confirms the validity of the signal. In this case we are looking for at least a 1 value of the division between currentVolume and pastVolume
Entry and Exit Conditions: When a breakout occurs and is confirmed by RVOL and is within our session time, the strategy enters a long or short position accordingly. It does not have a stop loss or a takie profit level, instead it will always exit at the end of the trading session, 5 minutes before
Position Sizing and Commissions: For the purpose of this backtest, the strategy allocated 10% of the capital for each trade and assumes a trading commission of 0.01$ per share ( twice the IBKR broker values)
Session End: At the end of the trading session, the strategy closes all open positions to avoid overnight exposure.
Conclusion:
The combination of ORB breakout strategy, Heikin Ashi candles, and RVOL provides traders with a robust framework for identifying and capitalizing on early trends in the market. By leveraging these technical indicators together, traders can make more informed decisions and improve the overall performance of their trading strategies. However, like any trading strategy, it's essential to backtest thoroughly and adapt the strategy to different market conditions to ensure its effectiveness over time.
Inside Candle StrategyIntroduction
The Inside Candle Breakout Strategy leverages the concept of inside candles as a primary signal for potential breakouts. Unlike common trend-following or scalping strategies, this method focuses on the volatility squeeze indicated by inside candles and aims to capture the momentum that follows these periods of consolidation. The strategy's originality lies in its specific integration of timeframes for signal detection and its application across diverse market conditions without relying on conventional trend indicators.
Strategy Description and Mechanics
Inside Candle Identification: At the heart of this strategy is the detection of inside candles, defined as candles fully contained within the range of the preceding candle. This pattern signifies a temporary balance between buyers and sellers, often preceding significant price movements. The strategy scans for these candles within a user-specified timeframe in the input section of the settings of the strategy, allowing for tailored signal generation based on individual trading preferences.
Entry Points and Market Entries: Upon identifying an inside candle and only once this candle closes, the strategy prepares to enter a trade in the direction of the breakout. Trades are executed in the timeframe selected on the chart, ensuring that entry points are aligned with real-time market movements. This process highlights the strategy's adaptability, making it suitable for various trading styles, from day trading to swing trading.
Overlay Indicator for Enhanced Market Analysis: Accompanying the breakout signals is an overlay indicator comprising two moving averages and a volatility cloud. This feature serves as a secondary tool for market analysis, offering insights into the prevailing market trend and volatility levels. While it doesn't influence the entry or exit signals directly, it provides traders with additional context for refining their decisions, enhancing the strategy's utility. This assistance tool is composed by one moving average and a second line which is calculated adding or subtracting the historical volatility of the asset on the moving average, depending on his momentum.
Strategy Results and Commitment to Realism
Backtesting Protocol: In our commitment to transparency and realism, backtesting results are derived from a dataset that ensures a sufficient number of trades (over 100) to validate the strategy's effectiveness. This approach underscores our dedication to providing traders with reliable and actionable insights.
Risk Management and Trade Sizing: Recognizing the importance of sustainable trading practices, the strategy incorporates strict risk management guidelines. Trades are sized to ensure that only a small percentage of equity is risked on a single trade, adhering to widely accepted risk tolerance levels. The initial account size for this script is set to 10000$.
Strategy Defaults and Justification: The default properties of the strategy, including the risk-reward ratio, average length for moving averages, and other parameters, are carefully chosen based on extensive testing and analysis. These settings represent a balanced approach, aiming to optimize the strategy's performance across a variety of market conditions.
Strategy Components:
- Inside Candles: An inside candle occurs when a candle's high and low are completely contained within the high and low of the previous candle. This pattern indicates a period of consolidation or indecision in the market, often preceding a significant price movement. The strategy detects inside candles based on the user-selected timeframe, allowing traders to capture potential breakouts.
Indicator Overlays:
- Moving Average: A simple moving average (SMA) is calculated over a user-defined length (`Average Length`), providing a dynamic baseline to gauge the market's direction. The strategy offers an option (`Show Moving Average`) to display or hide this moving average on the chart, giving traders control over the visual complexity.
- Volatility Measurement: Alongside the moving average, the strategy assesses market volatility using the standard deviation of the closing prices over the same period defined by the `Average Length`. The moving average is adjusted upwards or downwards by this volatility measure, creating a dynamic channel that reflects the current market conditions.
- Color Gradients for Volatility: The strategy uses a color gradient to fill the area between the moving average and its volatility-adjusted counterpart. This gradient visually represents the volatility level, transitioning from gray (low volatility) to a lighter shade (higher volatility), aiding in the assessment of market sentiment and volatility.
Trading Entries:
- Long Entry: A long position is triggered when the closing price exceeds the high of an inside candle, indicating potential bullish momentum. The strategy places a stop-loss at the low of the inside candle and sets a take-profit level based on the predefined risk-reward ratio (`RR Ratio`).
- Short Entry: Conversely, a short position is initiated when the closing price falls below the low of an inside candle, suggesting bearish pressure. A stop-loss is set at the high of the inside candle, with the take-profit level adjusted according to the risk-reward ratio.
Customization Settings:
- Timeframe: Traders can select the desired timeframe for inside candle detection, tailoring the strategy to fit various trading styles and time horizons.
- RR Ratio: The risk-reward ratio is adjustable, allowing traders to manage the potential risk and return of each trade according to their risk tolerance.
- Average Length: This setting determines the period over which the moving average and volatility are calculated, affecting the sensitivity of the strategy to price movements.
- Visual Settings: Users can customize the appearance of the strategy on their charts, including the colors of the moving average and volatility lines, as well as the line width, enhancing chart readability and personal preference adherence.
Disclaimer
Trading involves significant risk, and it is crucial for traders to conduct their own due diligence before engaging with any strategy. The Inside Candle Breakout Strategy is presented for informational purposes only and does not constitute financial advice.
Self Optimizing ROC [Starbots]Self Optimizing Rate of Change (ROC) Strategy. (non-repainting)
Script constantly tests 15 different ROC parameter combinations for maximum profitability and trades based on the best performing combination.
You will notice that signal lines switch after a bar close sometimes, this is when the strategy optimizes to the better combination and change plots, strategy is dynamic.
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The Rate-of-Change (ROC) indicator, which is also referred to as Momentum, is a pure momentum oscillator that measures the percent change in price from one period to the next. The ROC calculation compares the current price with the price “n” periods ago. The plot forms an oscillator that fluctuates above and below the zero line as the rate of change moves from positive to negative. As a momentum oscillator, ROC signals include centerline crossovers, divergences, and overbought-oversold readings.
ROC = (Close - Close n periods ago) / (Close n periods ago) * 100
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The logic of self - optimizing:
This script is always backtesting 15 different combinations of ROC settings in the background and saves the net. profit gained for every single one of them, then strategy selects and use the best performing combination of settings currently available for you to trade.
It's recalculating on every bar close - if one of the parameters starts performing better than others - have a higher net profit gain (it's literally like running 15 backtests with different settings in the background) strategy switches to that parameter and continues trading like that until one of the other indicator parameters starts performing better again and switches to that settings.
We are optimizing our strategy based on 15 different 'lengths' or also called 'periods' of ROC.
Inputs (ROC period) : (you don't need to change them, you have a nice wide variety of periods)
🔴Roc (default=9) = 5
🟢Roc2 = 6
🔵Roc3 = 7
🟡Roc4 = 8
🟣Roc5 = 9
🟠Roc6 = 10
🔴Roc7 = 11
🟢Roc8 = 12
🔵Roc9 = 13
🟡Roc10 = 14
🟣Roc11 = 15
🟠Roc12 = 16
🟡Roc13 = 17
🟣Roc14 = 18
🟠Roc15 = 20
Backtester in the background works like this:
backtest ROC1 => save net. profit
backtest ROC2 => save net. profit ;
backtest ROC3 => save net. profit ;
..........
..........
backtest ROC15 => save net. profit ;
=>
It will backtest 15 different ROC parameters and save their profits.
Your strategy then trades based on the best performing (highest net.profit) ROC Setting currently available. It will check the calculations and backtest them on every new bar close - it's like running 15 strategies at time, and manually selecting the best performing one.
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If you wish to use it as INDICATOR - turn on 'Recalculate after every tick' in Properties tab to have this script updating constantly and use it as a normal Indicator tool for manual trading.
-- Noise Filter - This will punish the tiny trades made by certain parameters and give more advantage to big average trades. It's basically normal fee calculation, it will deduct 0.xx % fee from every trade when optimizing. You usually want it to have the same number as your fees on exchange. Large number will choose big long swing trades, small number will prioritize small scalping trades.
-- Turn on ROC Combination Profits and spot the worst/best performing combination. You can change periods to get the best performance after checking this table stats.
-- Backtesting Range - backtest within your desired time window. Example: 'from 01 / 01 /2020 to 01 / 01 /2023'.
-- Optimizing range - you can decrease the amount of bars/data for optimizing script. This way you can keep it up to date to more recent market by selecting optimizing range to optimize it just from the recent 3-6months of data for example. Strategy before this selected range will normally trade (backtest) based on the first ROC period ( 'Roc(default=9)' Input) parameter in your menu if you have Optimizing Range turned on.
**** I recommend 'Optimizing Range' to be turned off, use max amount of available bars in your history for optimization script.
-- Strategy is trading on the bar close without repaint. You can trade Long-Sell or Long- Short. Alerts available, insert webhook messages.
-- Turn on Profit Calendar for better overview of how your strategy performs monthly/annualy
-- Recommended ROC periods: from 5 to 24.
-- Recommended Sources : close, hlc3, hlcc4
-- Recommended Chart Timeframe : 4h +
-- Notes window : add your custom comments here or save your webhook messages inside here
-- Trading Session: in a session, you have to specify the time range for every day. It will trade only within this window and close trades when it's out. Session from 9am to 5pm will look like that: 0900-1700 or 7am to 4:30pm 0700-1630. After the colon, you can specify days of the week for your trading session. 1234567 trading all days, 23456 – Monday to Friday ('1 is Sunday here'). 0000-0000:1234567 by default will trade every day nonstop. 00.00am to 00.00pm and 1234567 every day of the week for example - Cryptocurrencies.
This script is simple to use for any trader as it saves a lot of time for searching good parameters on your own. It's self-optimizing and adjusting to the markets on the go.
Octopus Nest Strategy Hello Fellas,
Hereby, I come up with a popular strategy from YouTube called Octopus Nest Strategy. It is a no repaint, lower timeframe scalping strategy utilizing PSAR, EMA and TTM Squeeze.
The strategy considers these market factors:
PSAR -> Trend
EMA -> Trend
TTM Squeeze -> Momentum and Volatility by incorporating Bollinger Bands and Keltner Channels
Note: As you can see there is a potential improvement by incorporating volume.
What's Different Compared To The Original Strategy?
I added an option which allows users to use the Adaptive PSAR of @loxx, which will hopefully improve results sometimes.
Signals
Enter Long -> source above EMA 100, source crosses above PSAR and TTM Squeeze crosses above 0
Enter Short -> source below EMA 100, source crosses below PSAR and TTM Squeeze crosses below 0
Exit Long and Exit Short are triggered from the risk management. Thus, it will just exit on SL or TP.
Risk Management
"High Low Stop Loss" and "Automatic High Low Take Profit" are used here.
High Low Stop Loss: Utilizes the last high for short and the last low for long to calculate the stop loss level. The last high or low gets multiplied by the user-defined multiplicator and if no recent high or low was found it uses the backup multiplier.
Automatic High Low Take Profit: Utilizes the current stop loss level of "High Low Stop Loss" and gets calculated by the user-defined risk ratio.
Now, follows the bunch of knowledge for the more inexperienced readers.
PSAR: Parabolic Stop And Reverse; Developed by J. Welles Wilders and a classic trend reversal indicator.
The indicator works most effectively in trending markets where large price moves allow traders to capture significant gains. When a security’s price is range-bound, the indicator will constantly be reversing, resulting in multiple low-profit or losing trades.
TTM Squeeze: TTM Squeeze is a volatility and momentum indicator introduced by John Carter of Trade the Markets (now Simpler Trading), which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range.
The volatility component of the TTM Squeeze indicator measures price compression using Bollinger Bands and Keltner Channels. If the Bollinger Bands are completely enclosed within the Keltner Channels, that indicates a period of very low volatility. This state is known as the squeeze. When the Bollinger Bands expand and move back outside of the Keltner Channel, the squeeze is said to have “fired”: volatility increases and prices are likely to break out of that tight trading range in one direction or the other. The on/off state of the squeeze is shown with small dots on the zero line of the indicator: red dots indicate the squeeze is on, and green dots indicate the squeeze is off.
EMA: Exponential Moving Average; Like a simple moving average, but with exponential weighting of the input data.
Don't forget to check out the settings and keep it up.
Best regards,
simwai
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Credits to:
@loxx
@Bjorgum
@Greeny
5 ema strategyThis Strategy is based of Subhashish Pani's (power of stocks) 5 EMA Strategy.strategy used for sell in 5 minutes and for buy in 15 minutes ..
Rules for this strategy ..
Sell signal -
1) if price is above 5 Ema and not touching Ema use as alert candle..
2) if price break low of alert candle strategy open trade ..
3) if price move more upside low of alert candle keep change into next candle ..
4) input we can select number of trade per day .as rule should take only 4 signal should execute
5) stop loss is fixed highest high of last 2 candle and take profit is input multiply of stop loss
buy signal-
1) if price is below 5 Ema and not touching Ema use as alert candle..
2) if price break high of alert candle strategy open trade ..
3) if price move more downside high of alert candle keep change into next candle ..
4) input we can select number of trade per day .as rule should take only 4 signal should execute
5) stop loss is fixed lowest low of last 2 candle and take profit is input multiply of stop loss
notes -input can be selected which side should take signal either buy or sell side ...number of trade can be adjusted ..
Disclaimer -Traders can use this script as a starting point for further customization or as a reference for developing their own trading strategies. It's important to note that past performance is not indicative of future results, and thorough testing and validation are recommended before deploying any trading strategy.
IchiBot - [SigmaStreet]
The IchiBot Indicator has been used to develop automated trading systems. It leverages the open-source Ichimoku framework provided by Trading View, to enable users to creatively generate over 1 trillion different combinations of trading conditions with the use of multiple timeframes to create unique “signal labels” that can be used to create custom strategies or provide in depth market analysis. At the end of this description, I have provided an example of input settings for a simple scalping strategy that I have back tested on US30 on the 5 minute timeframe.
Overview of the Settings:
The visuals section includes an option to show or hide certain parts of the indicator and change the size of the signal labels plotted on the chart.
Next to the “Signal color on baseline/candles” section, you can choose if you want to see additional signals generations from the most previous plotted label on a color changing baseline, or color changing candles. A color change from gray to blue/red indicate that the conditions from the most previously plotted signal label have been met again.
The next 5 sections are all related to the strategy portion of the indicator, used to aid in the back testing process. These sections are titled “Stop loss”, “Take Profit”, “Trail Stop”, “Trade Settings” and “Trade Schedule”.
The Stop Loss section includes an option to choose between value of “pts”, “atr” (average true range) or “None”. The stop loss value in “pts” is simply a specified number of points or pips from the current entry price of a trade that are input in the “SL” section. If the stop loss type is “atr” the “SL” section is not used and the value is calculated and displaced from the current entry price of a trade based on the atr period multiplied by the atr multiplier.
The take profit section is based on the same logic as the stop loss.
The Trail Stop section includes an option to choose between values “pts” or “None”. If the Trail Stop value is “pts”, a trailing stop loss is activated if a trade moves a point value into profit that exceeds the value of the “Trail Activation”. If the Trail Offset type is “pts”, the trailing stop loss is placed a point value away from the current price that is equal to the “Trail Offset” value.
The trade settings section has two options to either prevent or allow trade reversals and prevent or allow only 1 trade per signal label.
If the “Don’t allow trade reversals” is on, then a currently active trade can not be cancelled by an opposite trade signal. It can only be cancelled by the exit logic selected in the above sections. If the “One trade per signal” is selected, the strategy will only enter a trade if the most recent signal label is different from the last signal label where a trade was entered, or if the most recent signal label is in the opposite direction of the most recent signal label where a trade was entered.
The trade schedule section includes an option to only generate signal labels during the specified time. You can choose between 24/7 which will generate signals without any time restriction, or you can choose a custom time which is based on the America / New York time zone.
The timeframe settings section includes an option to choose “single” or “multiple” timeframes, as well as an option to show every signal label combination (“all”), or only the signal labels with the highest numerical value (“absolute”).
If you select “single” next to “timeframe”, the indicator will show you labels based on trade conditions met from only 1 selected timeframe. If you select “multiple” next to “timeframe”, the indicator is designed to return signal labels based on trade conditions that have been met on at least 2 different timeframes.
If you select “multiple” and “use current timeframe”, the indicator will include labels that always include a minimum of 2 timeframes where 1 timeframe is always the current timeframe. If you unselect the “use current timeframe”, the indicator will include labels with a minimum of 2 timeframes.
If you select “multiple” next to “timeframe” and “all” next to “Show all/absolute labels”, the indicator will show you every possible combination of labels that vary from trade conditions met on a minimum of 2 timeframes, to the maximum number of timeframes selected.
If you select “multiple” next to “timeframe” and “absolute” next to “Show all/absolute labels”, the indicator will only show you labels where the numerical value is equivalent to the maximum number of timeframes selected.
Each signal label provides a number which refers to the number of timeframes used to generate the label, offering insights briefly. Hover over a label to reveal detailed tooltip information that details the exact timeframes used to generate each label.
You can choose all from “Show all/absolute labels” to see every possible combination of trade signals or “absolute” to only see labels that have the highest possible numerical value. Absolute means that every condition selected from every timeframe was calculated to be true at the same time on the same candle.
The next 8 sections are “Current timeframe trade conditions”, “1-minute timeframe trade conditions”, “5-minute timeframe trade conditions”, “15-minute timeframe trade conditions”, “30-minute timeframe trade conditions”, “1-hour timeframe trade conditions”, “4-hour timeframe trade conditions”, “Daily timeframe trade conditions”.
These sections include the same 10 trade conditions, that can be used independently, or in combination with each other. This brings the total number of trade conditions to 70.
The final section includes a standard option to adjust the current Ichimoku values.
Understanding the Calculations:
The term “future” refers to a value that is calculated 26 candles to the right of the most recent closing price.
The term “current” refers to a value that is calculated on the most recent closing price.
The term “past” refers to a value that is calculated 26 candles to the left of the most recent closing price.
Bullish is referred to as “blue” and bearish is referred to as “red”.
Buy Signals:
1. The current closing price is greater than the current cloud value.
2. The future cloud is blue.
3. The current closing price is greater than the current conversion line.
4. The current conversion line is greater than the current baseline.
5. The lagging span is greater than the closing price of the last 25 candles.
6. The lagging span is greater than the past cloud.
7. The lagging span is greater than the past conversion line and the past baseline.
8. The current conversion line is greater than the current cloud.
9. The current baseline is greater than the current cloud.
10. The value of the current cloud to the future cloud is completely blue.
Sell Signals:
1. The current closing price is less than the current cloud value.
2. The future cloud is red.
3. The current closing price is less than the current conversion line.
4. The current conversion line is less than the current baseline.
5. The lagging span is less than the closing price of the last 25 candles.
6. The lagging span is less than the past cloud.
7. The lagging span is less than the past conversion line and the past baseline.
8. The current conversion line is less than the current cloud.
9. The current baseline is less than the current cloud.
10. The value of the current cloud to the future cloud is completely red.
The script enables users to access the value of these 10 trade conditions across the 7 major time frames (1-minute, 5-minute, 15-minute, 30-minute, 1-hour, 4-hour, Daily, and the current charts time frame) by using the official non repainting request security function provided by Trading View:
f_secSecurity(_src, _res, _exp) =>
request.security(_src, _res, _exp )
This indicator provides up to 70 variables (10 variables X 7 timeframes) that can be used separately, or in combination to generate signal labels.
Enhance your visual analysis with a color-changing baseline and candle colors that adapt to signal shifts, offering an immediate understanding of market trends. The base line will change from gray to blue/red which will reference the most previously plotted signal label. This change in color indicate that the conditions from the most recently plotted signal label have been met once again. Please refer to the example below.
Adjustments to the Ichimoku Indicator:
The script uses a slightly refined version of the Ichimoku indicator to calculate 10 different “trade conditions”. Each trade condition can create 1 bullish signal label and 1 bearish signal label. The calculations are primarily based on “greater than and less than logic” which is standard for signal generation.
In the original Ichimoku calculations, the “Lagging Span” has a default value of 26 periods. In the actual calculations, this input with the title “Lagging Span” is referred to as the “displacement”. When the lagging span is plotted on the chart, it is plotted with an offset value of offset = -displacement + 1 which technically plots the lagging span 25 candles to the left the most recent candle (if you count the most recent closing price as 0 and not 1). The clouds are plotted with an offset of offset = displacement -1 which technically plots the clouds 25 candles to the right of the most recent candle.
I have adjusted the logic of the Ichimoku indicator so the lagging span is still plotted 25 candles to the left of the most recently confirmed candle close, but the cloud is plotted 26 candles to the right of the most recent confirmed candle close.
This seemingly small adjustment of one candle cannot simply be adjusted in the settings of the original Ichimoku indicator since the calculations of the cloud and lagging span displacements are directly affected by the same value (displacement = 26, also known as the “lagging span”). My script is adjusted to make calculations where the lagging span is 25 candles to the left of the most recent candle, and the cloud is displaced 26 candles to the right of the most recent candle.
For example, my scripts logic to detect if the current closing price is over the current cloud is (close > leadLead1 and close > leadLine2 and leadLine1 > leadLine2 . By using a lookback of , the logic assumes that the displaced value is 26 bars to the right of the most recent candle. My script also reflects this logic in the plotted values of the cloud where the offset values are offset = displacement. This adjustment is made without affecting any other part of the Ichimoku indicators calculations, only the displacement of the cloud which directly affects the logic of trade conditioins. This change is a deliberate and necessary function of this script’s logic to generate trade conditions and signal labels.
I’ve removed the conversion line and the lagging span and introduced a 26-period pivot high/low to provide a less cluttered chart. The pivot high/low looks 26 periods to the left and only 1 period to the right. The lagging span and conversion line logic is still built into the framework of the trading signals. If you choose to enable the lagging span, or conversion line.
trading approach, and always test your strategies thoroughly.
The function to generate the "Signal Labels" calculates every single possible combination of the 7 different timeframes which is a total of 127 combinations for bullish signal labels, and 127 combinations for bearish signal labels. This function also provides the necessary criteria for the strategy entry conditions, based on the dynamically calculated values derived from the signal labels themselves. For example: "buy signal on 1 minute and 5 minute timeframe" is considered 1 combination, and "Buy signal on current, 5 minute, 15 minute, 30 minute, 1 hour, 4 hour and daily timeframe" is also considered 1 combination. There are a total of 254 combinations between buy and sell signal labels along with 254 individual variables with their own unique tool tip description. The signal label function alone spans over 1340 lines of code (minus spaces and comments) to specifically account for every possible variable combination. This unique and original function also calculates the signal label "value" which is the number you see on the signal label. This function adjusts the amount of labels plotted, the value and description of all labels based on the timeframe settings "single"/"multiple", the use of "use current timeframe" setting, and the "trade schedule". This signal label function has been a landmark piece of code for me in my endeavor to create and optimize my strategies based on its ability to provide an in depth analysis of the timeframes used when generating signal labels. This function is main reason that this script has been published closed source.
Back tested results.
The current results are from US30 (Dow Jones Industrial Average CFD) on the 5-minute timeframe using regular candles. The inputs are as follows:
Stop loss = 5000 pts
No take profit.
Trail activation = 100 pts
Trail offset = 100 pts
Don’t allow trade reversals
Trade 24/7
Timeframe = multiple
Show absolute signals
Use current timeframe, lag span over/under candles
Use 30m timeframe, all cloud is bull/bear
Initial capital = $10,000 USD, 1 contract, $0.07 per contract, slippage = 3 ticks, use bar magnifier = on
Timeframe = June 1st, 2023 – November 10th, 2023, risk = 5% (greatest loosing trade = $500.44)
[Round Numbers] Signal Clean Up Analysis with Backtest (TSO)Round Numbers NEW GEN indicator!
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This is a full-cycle trading system indicator - it will show and alert each step of the trade from open to close. The algorithm here uses Round Numbers for generating signals, TP (Take Profit) and SL (Stop Loss) levels. Round numbers play big role in trading and can easily become strong support and resistance levels where price can bounce and go the opposite way or go through with a very nice run afterwards.
In addition there is a chained (NOTE: You can select several or ALL of the features, this is not limited to either one) signal cleanup and analysis approach with scheduling and alerting capabilities. Works with most popular timeframes: 1M, 3M, 5M, 15M, 30M, 1H, 4H, D.
NOTE: Every action of the trade is calculated on a confirmed closed candle bar state (barstate.isconfirmed), so the indicator will never repaint!
NOTE: At position open - there will be calculated Take-Profit and Stop-Loss targets, however each target is considered hit, when candle bar closes breaking that target, so Take-Profit and Stop-Loss when hit will slightly differ then what you see at trade/position open.
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Round Numbers up|down unit setting and overall explanation
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Round Number up|down unit: is the distance between round numbers on the chart. Since these round number levels are also used by the algorithm to open/close trades, it is important to set this setting to a logical number, which will correspond to an average price movement of the instrument.
Here are some examples for a few popular instruments on what will the default 1 round number unit correspond to and what would be suggested:
BTCUSD > $1 (this won't work for Bitcoin, try at least $100 - 100units)
SPY: > $1 (one of the best settings for SPY or QQQ, 50cents shows good results as well - 0.5units)
FOREX (all major pairs): > 10PIPs (that may be a bit small, unless scalping, try 50PIPs - 5units)
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Explanation of all the Features | Strategy Configuration Guide | Indicator Settings | Signal Cleanup Analysis
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>>> Customizable Backtesting for a specific date range, results via TradingView strategy, which includes “Deep Backtesting” for largest amounts of data on trading results.
>>> Trading Schedule with customizable trading daily time range, automatic closing/alert trades before Power Hour or right before market closes or leave it open until next day.
>>> 3 Trading Systems.
>>> Static/Dynamic/Trailing Take-Profit and Stop-Loss setups (HIGHLIGHT: Stop-Loss will be moved to Entry after TP1 is taken or a smart trailing Stop-Loss can be used with Stop-Loss dynamically following the trade to minimize risk).
>>> Single or Multiple profit targets (up to 5).
>>> Take-Profit customizable offset feature (set your Take-Profit targets slightly before everyone is expecting it!).
>>> Candle bar signal analysis (matching candle color, skip opposite structured and/or doji candle uncertain signals).
>>> Additional analysis of VWAP/EMA/ATR/EWO (Elliot Wave Oscillator)/Divergence MACD+RSI/Volume signal confirmation (clean up your chart with indicator showing only the best potential signals!).
>>> Advanced Alerts setup, which can be potentially setup with a trading bot over TradingView Webhook (NOTE: This will require advanced programming knowledge).
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Labels, plots, colors explanations:
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>>>>> LONG open: green "house" looking arrow below candle bar.
>>>>> SHORT open: red "house" looking arrow above candle bar.
>>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles).
>>>>> LONG/SHORT stop-loss target: green/red + crosses.
>>>>> LONG/SHORT take-profit hits: green/red diamonds.
>>>>> LONG/SHORT stop-loss hits: green/red X-crosses.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (profitable trade): green/red squares.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (loss trade): green/red PLUS(+)-crosses.
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Date Range and Trading Schedule Settings
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>>>>> Date Range: Select your start and/or end dates (uncheck “End” for indicator to show results up to the very moment and to use for LIVE trading) for backtesting results, if not using backtesting – uncheck “Start”/“End” to turn it off.
>>>>> Use TradingView “Strategy Tester” to see backtesting results
NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case you will need to manually check “Start”/“End” dates or use “Depp Backtesting” feature!
>>>>> Trading Schedule: This is where you can setup Intraday Session or any custom session schedule you wish. Turn it ON. Select trading hours. Select EOD (End of Day) setting (NOTE: If it will be OFF, the indicator will assume you are holding your position open until next day!). Please note the EOD trade closure times with the 2 different Intraday close settings when turned on:
At Market Close:
1/3/5min > will close at 15:55pm ET
15min > will close at 15:45pm ET
30min > will close at 15:30pm ET
45min > will close at 15:45pm ET
60min > will close at 15:00pm ET
Before Power Hour:
1/3/5min > will close at 15:00pm ET
15min > will close at 15:00pm ET
30min > will close at 15:00pm ET
45min > will close at 15:00pm ET
60min > will close at 15:00pm ET
>>> Trading Systems: 1) "Open Until Closed by TP or SL": the signal will only open a trade if no trades are currently open/trunning, a trade can only be closed by Take Profit, Stop Loss or End of Day close (if turned on) | 2) "Open Until Closed by TP or SL + OCA": Same as 1), but if there is an opposite signal to the trade which is currently open > it will immediately be closed with new trade open or End of Day close (if turned on) | 3) "OCA (no TP or SL)": There are is Take Profit or Stop Loss, only an opposite signal will close current trade and open an opposite one or End of Day close (if turned on).
>>> Turn On/Off: Current Position SL + Opposite Position Open Signal on the same closing candle bar (If current trade hits Stop-Loss and at that same closing candle bar there is a signal for an opposite direction trade > indicator will close current position as Stop-Loss and immediately open an opposite position). NOTE: With this option turned on, there will be more trades, but not necessarily better results, since after Stop-Loss is hit, it may make sense to wait a little before opening an opposite trade, even if it matches the condition at the same time when Stop-Loss is hit, but sometimes it shows great results, so this setting/feature is included. NOTE: This setting only will work/make sense with TP and SL style/behavior both be set to "Fully Closed Candle"!
>>> Turn On/Off: Turn On/Off: Current Position REGULAR SL | Only the SL + Opposite Position Open will trigger if turned on, IF NOT - THERE WILL BE NO STOP-LOSS AT ALL!!! NOTE: It is very dangerous to trade without Stop-Loss!
>>>>> Signal Candle Bar consuming Take-Profits - position/trade signal candle bar is big enough to "consume"/close ahead the first TP setting > the signal can either be skipped, or all Take-Profit areas pushed ahead using smart formula)
>>>>> MULTIPROFIT | TP (Take-Profit) System: 1) Static – Once the trade is open, all Take-Profit target(s) are immediately calculated and set for the trade > once the target(s) is hit > trade will be partially closed (if candle bar closes beyond several Take-Profit targets > trade will be reduced accordingly to the amount of how many Take-Profit targets were hit) ||| 2) Dynamic – Once the trade is open, only the 1st Take-Profit target is calculated, once the 1st Take-Profit is hit > next Take-Profit distance is calculated based on the distance from trade Entry to where 1st Take-Profit was taken, once 2nd Take-Profit is taken > 3rd Take-Profit is calculated per same logic, these are good for price momentum as with price speeding up – profits increase as well!
>>>>> MULTIPROFIT: SL (stop loss) System | Static: SL is set at position open and remains such; Dynamic: Once ANY TP is taken > SL will be moved to Entry; Trailing: SL will be moved along the position (smart trailing stop-loss), at TP1 taken > SL moves to Entry, at TP2 taken > SL moves to TP1, at TP3 taken > SL moves to TP2 and so on.
>>>>> # of TPs (number of take profit targets): Just like it is named, this is where you select the number of Take-Profit targets for your trading system (NOTE: If "OCA (no TP or SL)" Trading System is selected, this setting won’t do anything, since there are no TP or SLs for that system).
>>>>> TP(s) offset: This is a special feature for all Take-Profit targets, where you can turn on a customizable offset, so that if the price is almost hitting the Take-Profit target, but never actually touches it > you will capture it. This is good to use with HHLL (Highest High Lowest Low), which is pretty much a Support/Resistance as often the price will nearly touch these strong areas and turn around…
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Dynamic/Static/Trailing Take-Profit and Stop-Loss visual examples:
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1) Fully Static Take-Profit and Stop-Loss
This one is a fully static setup for both Take-Profit and Stop-Loss, you can also observe how trade is closed right before the Power Hour (trade can be closed right before Power Hour or right before Market Closes or left overnight as desired).
2) Static/Dynamic, Static Take-Profit and Dynamic Stop-Loss
You can see a static Take-Profit set at position open, while Stop-Loss moves to Entry once TP1 target is taken.
3) Static/Trailing, Static Take-Profit and Trailing Stop-Loss
In here with each Take-Profit taken, Stop-Loss moves along the trade to previous Take-Profit level, you can notice how stop-loss literally follows the trade and reduces the potential loss.
4) Dynamic/Trailing, Dynamic Take-Profit and Trailing Stop-Loss
See how Take-Profit distances increase with price momentum. Just like in previous example - Trailing Stop-Loss is following the trade and reducing the riks.
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Signal Analysis and Cleanup Settings
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>>>>> Candle Analysis | Candle Color signal confirmation: If closed candle bar color does not match the signal direction > no trade will be open.
>>>>> Candle Analysis | Skip opposite candle signals: If closed candle bar color will match the signal direction, but candle structure will be opposite (for example: bearish green hammer, long high stick on top of a small green square) > no trade will be open.
>>>>> Candle Analysis | Skip doji candle signals: If closed candle bar will be the uncertain doji > no trade will be open.
>>>>> Divergence/Oscillator Analysis | EWO (Elliot Wave Oscillator) signal confirmation: LONG will only be open if at signal, EWO is green or will be at bullish slope (you can select which setting you desire), SHORT if EWO is red or will be at bearish slope.
>>>>> Divergence/Oscillator Analysis | VWAP signal confirmation: LONG will only be open if at signal, the price will be above VWAP, SHORT if below.
>>>>> Divergence/Oscillator Analysis | Moving Average signal confirmation: LONG will only be open if at signal, the price will be above selected Moving Average, SHORT if below.
>>>>> Divergence/Oscillator Analysis | ATR signal confirmation: LONG will only be open if at signal, the price will be above ATR, SHORT if below.
>>>>> Divergence/Oscillator Analysis | RSI + MACD signal confirmation: LONG will only be open if at signal, RSI + MACD will be bullish, SHORT if RSI + MACD will be bearish.
>>>>> Volume signal confirmation: LONG/SHORT will only be opened with strong Volume matching the signal direction, by default, strong Volume percentage is set to 150% and weak to 50%, but you can change it as you desire.
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TP System - VERY IMPORTANT INFO!
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"TP PERCENTAGE" - amount by which current trade/position needs to be reduced/partially closed/sold.
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TP System: Dynamic
"TP PERCENTAGE" - will always be the same amount (trade/position size divided by the # of take-profit(TP) targets) and percentage to be closed will always be of the ORIGINAL trade/position.
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TP System: Static
"TP PERCENTAGE" - will always be the same amount IF take-profit(TP) targets are hit 1-by-1 (TP1 > TP2 > TP3 > TP4 > TP5), otherwise it will vary and unless it is a 1st take-profit(TP1), the REMAINING trade/position size will always be smaller than original and therefore the percentage to be closed will always be of the REMAINING trade/position and NOT the original one!
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"TP PERCENTAGE" CheatSheet (these are the only percentages you may see)
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TP PERCENTAGE---Close/Sell Amount-------------Example (trade size: 50 stocks)
20%-------------trade size * 0.2--------------50 * 0.2 = 10 stocks
25%-------------trade size * 0.25-------------50 * 0.25 = 12.5(~13) stocks
34%-------------trade size * 0.34-------------50 * 0.34 = 17 stocks
40%-------------trade size * 0.4--------------50 * 0.4 = 20 stocks
50%-------------trade size * 0.5--------------50 * 0.5 = 25 stocks
60%-------------trade size * 0.6--------------50 * 0.6 = 30 stocks
66%-------------trade size * 0.66-------------50 * 0.66 = 33 stocks
75%-------------trade size * 0.75-------------50 * 0.75 = 37.5(~38) stocks
80%-------------trade size * 0.8--------------50 * 0.8 = 40 stocks
100%------------trade size--------------------50 = 50 stocks
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If for any reason a portion of the current/remaining trade closed at such occurrence was slightly wrong, it is not an issue. Such occurrences are rare and with slight difference in partial TP closed is not significant to overall performance of our algorithms.
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Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot)
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Here is how a LONG OPEN alert looks like.
NOTE: Each label , , etc. is customizable, you can change the text of it within indicator Input settings.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: OPEN
ENTRY: 20000
TP1: 20500
TP2: 21000
TP3: 21500
TP4: 22500
TP5: 23500
SL: 19000
Leverage: 0
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Here is how a TP1 alert will look with 5 TPs breakdown of the trade.
NOTE1: Next to TP1 taken it will show at which price it was triggered.
NOTE2: Next to "TP Percentage" it shows how much of the CURRENT/ACTIVE/REMAINING trade needs to be closed.
NOTE2: If TP2/3/4/5 comes before TP1 - the alert will tell you exactly how many percent of the trade needs to be closed!
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: TP1
TP1: 20500
TP Percentage: 20%
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Here is how an alert will look for LONG - STOP-LOSS.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
ENTRY: 20000
LONG: SL
SL: 19000
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Here is how an alert will look for LONG - EOD (End of Day) In Profit close.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: EOD-Close (profit)
ENTRY: 20000
EOD-Close: 21900
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Adding Alerts in TradngView
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-Add indicator to chart and make sure the correct strategy is configured (check Backtesting results)
-Right-click anywhere on the TradingView chart
-Click on Add alert
-Condition: Select this indicator by it’s name
-Immediately below, change it to "alert() function calls only", as other wise there will be 2 alerts for every alert!
-Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered)
-Alert name: Whatever you desire
-Hit “Create”
-Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
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If you have any questions or issues with the indicator, please message me directly via TradingView.
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Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!)
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NOTE: There seems to be a strange glitch when strategy is running live, it will show "double-take" take-profits labels on the chart. This is not affecting the script logic and backtesting results, if you simply change the timeframe real quick to something else then back - it will no longer show the duplicate orders... this must be some sort of a glitch as every alert was thoroughly tested to make sure everything is working!
Bollinger Bands - Breakout StrategyThe Bollinger Bands - Breakout Strategy is a trend-following optimized for short-term trading in the crypto market. This strategy employs the Bollinger Bands, a widely recognized technical indicator, as its primary instrument for pinpointing potential trades. It is capable of executing both long and short positions, depending on whether the market is in a spot or futures, and is particularly effective in trending markets.
The strategy boasts a high degree of configurability, allowing users to set the Bollinger Bands period and deviation, trend filter, volatility filter, trade direction filter, rate of change filter, and date filter. Furthermore, it offers options for Take Profit, Stop Loss, and Trailing Stop for both long and short positions, ensuring a comprehensive risk management approach. The inclusion of a maximum intraday loss feature adds another layer of protection, making this strategy a valuable tool for traders seeking a professional and adaptable trading system.
Name : Bollinger Bands - Breakout Strategy
Category : Trend Follower based on Bollinger Bands
Operating mode : Long and Short on Futures or Long on Spot
Trade duration : Intraday
Timeframe : 2H, 3H, 4H, 5H
Market : Crypto
Suggested usage : Trending Markets
Entry : When the price crosses above or below the Bollinger Bands
Exit : Opposite Cross or Profit target, Trailing stop or Stop loss
Configuration :
- Bollinger Bands period and deviation
- Trend Filter
- Volatility Filter
- Trade direction filter
- Rate of Change filter
- Date Filter (for backtesting purposes)
- Take Profit, Stop Loss and Trailing Stop for long and short positions
- Risk Management: Max Intraday Loss
Backtesting :
⁃ Exchange: BINANCE
⁃ Pair: BTCUSDT.P
⁃ Timeframe: 4H
⁃ Fee: 0.025%
⁃ Slippage: 1
- Initial Capital: 10000 USDT
- Position sizing: 10% of Equity
- Start : 2019-09-19 (Out Of Sample from 2022-12-23)
- Bar magnifier: on
Credits :
- LucF of Pine Coders for f_security function to avoid repainting using security.
- QuantNomad for Monthly Table.
Disclaimer : Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.
How you or we can improve? Source code is open so share your ideas!
Leave a comment and smash the boost button!
Thanks for your attention, happy to support the TradingView community.
TENKAN SCALPER STRATEGYTENKAN SCALP is a fully automatic trading system.
It is a continuation of our previous ichimoku release. This time however we throw out the rule book and use ICHIMOKU in a very different way.
It applies non traditional money management tactics.
While most trading strategies rely on a stop loss and a take profit target to manage risk. This strategy uses either no stop loss at all or a time based stop loss.
You might ask yourself the question why would you keep a trade open if it goes against you? Here are a phew reasons why the script does what it does.
Forex Markets consolidate most of the time. If you wait long enough your Take Profit will get hit anyways most of the time
You don't have to risk everything per trade. I keep my orders small so to keep some powder to get into some more trades
All the extra trades you take while one trade is in drawdown limit the drawdown as they provide cashflow
On lower timeframes the markets are so chaotic that a stop loss is very likely to get hit by a wick
About backtest below
This backtest uses a spread of 2 pips for entries and a default position size of 100% of equity. This is only possible on exchanges where spread is low and you have 10:1 leverage or more. It does not represent results obtainable without leverage. Do take into account that there are a lot of forex exchanges that provide this leverage, however a 2 pip spread is not always guaranteed and only applies to major pairs.
This backtest does not use the TIME BASED STOPS functionality.
Always start with small position sizing and see how the strategy performs before adding risk.
Explanation of variables:
Chikou(lagging span): pink line, this is price plotted 26 bars ago. People ignore the power of this it is crucial to see how chikou behaves towards past price action as seen in the chart below where we got an entry at red arrow because chikou bounced from past fractal bottom.
Kijun-Sen(base line): Black line or color coded line. This is the equilibrium of last 26 candles. To me this is the most important line in the system as it attracts price.
Kijun = (Highest high of 26 periods + Lowest low of 26 periods) ÷ 2
Tenkan-Sen(conversion line): Blue line. This is the equilibrium of last 9 candles. In a strong uptrend price stays above this line.
Tenkan = (Highest high of 9 periods + Lowest low of 9 periods) ÷ 2
Senkou A (Leading span A)= Pink cloud line, this is the average of the 2 components projected 26 bars in the future.
Senkou A = (Tenkan + Kijun) ÷ 2
Senkou B (Leading span B) = Green cloud line, this is the 52 day equilibrium projected 26 bars in the future.
Senkou B = (Highest high of prior 52 periods + Lowest low of prior 52 periods) ÷ 2
projection: Script uses same function for variable calculation and substracts a number on each next bar as to make a projection of where the variable will be in future bars if price stayed the same. This works as ICHIMOKU calculations use the middle point of a past set of data. The shorter that amount of bars will be in line with the data that it will be restricted to in future if price stayed the same.
Detection of Market Environment
To enter trades the script uses a lot of ICHIMOKU concepts. Contrary to how most people trade ICHIMOKU this script takes an environment that ICHIMOKU identifies as trending upwards and shorts in that environment. The same will be applied to a downtrend where it will open LONGS.
List of CRITERIA for a trend:
Grapling Hook: this is a component based on the chikou span (closing price displaced 26 bars into the past). The script will use an ATR based range to define a possible future projection to the CHIKOU line. For a market to be bullish there should be no price action happening within this area. Market is free to move upwards. Vice versa for bearish .
Kumo Cloud: script will check if price is above the cloud for bullish trend and below cloud for bearish trend .
Chikou above Kijun: script will check if the chikou line is above the KIJUN line of 26 bars ago. This is further confirmation that price is trending high enough compared to it's past data. Vice versa for downtrend.
Kijun projection: script will check if past Kijun is lower than future projected Kijun. This to ensure we get an equilibrium in our favour in the future. Vice versa for downtrend
Tenkan projection: script will check if future Tenkan-sen will be higher than Kijun-sen for an uptrend. Vice versa for downtrend.
Cloud projection: script will check if in 9 bars the Senkou Span A will be higher than Senkou Span B for an uptrend. Vice versa for downtrend.
Example:
This script does not visualise the prediction lines like I show in the example. I show them here to clarify how the script works.
Usage
Backtests are not indicative of future results, although a trader may want to use a strategy script to have a deeper understanding of how their strategy responds to varying market conditions, or as a tool for identifying possible flaws for a strategy that may be indicative of good or bad performance in the future.
Strategy Settings:
Minimum Body Size (atr): this is the minimum ATR a signal bar needs to be for entry. This is useful because our TP is based on previous bar.
Lot size per trade: this setting does not impact backtest. It is used to for the signals to let tradingconnect.com know your position size.
Direction: do you want to trade longs or shorts. I personally use both a long bot and a short bot at the same time.
Positions Allowed: the amount of positions the script will keep open as a maximum. You do not want to open too many positions, this is for risk management.
Close all positions at drawdown: if total open positions loss gets to this % target it will close all positions.
MetaTrader Prefix: when the script sends a signal it will put this text right before the symbol name from syminfo.ticker
MetaTrader Suffix: when the script sends a signal it will put this text right after the symbol name from syminfo.ticker
Charts below are some examples on how the script handles orders on default settings:
without time based SL
with time based SL
how it handles pyramiding
www.tradingview.com
Tradingconnector.com:
For full automation of the forex market the script uses this connector to execute trade on MT4. The alerts the script sends using the alerts() function call are structured in a way tradingconnector will recognise and send directly to MT4. You can find documentation about this tool on their own website.
Personal recommendation is to start with a minimum lot size and track performance, if you are comfortable scale the size up. You can do that by increasing the lot size setting in the script and making a new alert. Make sure to delete the old one.
How to access
You can see the Author's Instructions below to visit our telegram to get more information on how to get access.
