The Chartless TraderThe Chartless Trader
The chartless trader is a trade management system designed to remove the randomness from the market. It is loosely based on the martingales betting system, but takes advantage of position sizing, minimum profit targets, dollar cost averaging, and trailing take profit.
The chart can be traded with or without a signal. There is a built in signal based on SB Master Chart's Buy the Dip algorithm.
The configurable settings include:
Account Value
Starting Account Value - This is the value of the account when you start using this system.
Current Cash - This is the amount of cash you have available to trade. This setting needs to be updated each time a trade is made.
TP/TTP Algo Settings
Take Profit % - This setting is otherwise known as minimum profit target. This algo will not advise you to sell or increase your trailing stop until this minimum profit target is met.
Trailing Stop % - This is the trailing stop. The default setting is 75%. As a basic example, if the stock is up 10%, the trailing stop would be set to 7.5% (10% * 75%). The algo may override and advise an alternative trailing stop should an overbought condition be detected.
DCA/BTD Algo
DCA/BTD Algo Time Frame - Default is 120 (2hrs). This algo looks for oversold periods on the 2h chart by default.
DCA % - The default for this setting is 5%. This is a trigger for the BTD Algo. The BTD algo will start looking for trades when the stock is 5% below your cost basis. This is to help you average down making it easier to turn a profit when the stock starts making gains.
Position #
The Chartless Trader supports a maximum of 20 symbols. This is a limitation of the security() function as a maximum of 40 calls are allowed and the script calls the security() function twice per symbol.
S# QTY - The number of open positions of the symbol. This has to be manually updated by the user after each buy/sell of the stock.
S# CB - This is the cost basis of the stock. Your broker should give you this after each buy/sell and it has to be updated here on the chart after each buy/sell.
S# TTP - The script will advise you to increase your Trailing Take Profit in your broker when its necessary. This should be updated manually after you update your order in your broker. This should be configured manually in your broker as a Stop Order.
Now that I have covered the configurable options, its important to understand the basis of this system. The martingales betting system is a system that seeks to double its position size each time you enter a losing trade. Eventually when you make a winning trade, it will be enough to cover the previous losses and net you one winning position.
Bet 1, lose 1, down 1.
Bet 2, lose 2, down 3.
Bet 4, lose 4, down 7.
Bet 8, lost 8, down 15.
Bet 16, win 16, up 1.
So the theory goes, if you have deep enough pockets, its a 100% win rate. Such a system is flawed and proven to cause an account to blow up given enough time. You can search Google/YouTube for others that have back tested the martingales system with stocks.
I advise that "The Chartless Trading" system be traded with a similar system, but instead of doubling your position, you simply increase your position size by 1%.
Bet 1%, lose 1%, down 1%
Bet 1%, lose 1%, down 2%
Bet 1%, lose 1%, down 3%.
In such a manner, your risk of ruin is significantly reduced. Lets say you lose 10 times in a row betting on a stock. You now have 10% of your account value in this particular stock. Because you only invested at times where you were more than 5% down and when an oversold position occurred, because of dollar cost averaging and buying during oversold periods, you may only be down 2-3% on your invested value. Eventually when the stock turns positive, you will have met your minimum profit target and the script will alert you to set a trailing stop. You log into your broker, set a stop loss and wait for it to either trigger or inform you to increase it again. Once the trailing stop is triggered, you deleverage the position by closing it and starting a single new position in either the same stock or a different one and the cycle repeats.
The key is to follow the stock down, follow it back up, and not back down. We repeat this cycle with many positions in many stocks to minimize risk and compound our balance sheet.
This is " The Chartless Trader ".
1920x1080p Monitor Required if using all 20 symbols.
The more symbols loaded, the longer the initial processing to load the table. Please be patient.
Stochastique RSI (STOCH RSI)
Stochastic RSI + WMA + SMA strat// "...an entry signal it's a cross down or up on
// the stochastics. if you're in a downtrend
// on the hourly time frame you
// must also be in a downtrend on the five
// minute so the five period has to be below the 144
// as long as the five period is still trading below
// the 144 period on both the hourly and the five minutes
// we are looking for these short signals crosses down
// in the overbought region of the stochastic. Viceversa for longs"
// Works well with a wide stop with 20 bars lookback
// for the SL level and a 2:1 reward ratio Take Profit .
// These parameters can be modified in the Inputs section of the strategy panel.
SB Master Chart v5 (Public)SB Master Chart v5 is the latest progression of the SB Master Chart series of charts.
The original SB Master Chart and its successors was designed to be a visual aid for the savvy investor. The original concept was designed to provide valuable information so decisions could be made at a glance with utmost confidence.
As the chart progressed through versions, it has slowly shifted the responsibility of decision making from the trader to the indicator. In this version of the script, we have updated the backend decision code. The script has 3 distinct personalities coded to compliment each other, as well as keep the others in check..
The first personality is the buy algorithm. The buy personality is based on two conditions. The first algorithm first determines a trend, then it waits for a confirmation. The personality is comprised of the following indicators.
EMA 7
EMA 14
MACD
Stochastic
RSI
By default, the first personality has its visual settings disabled. Its still working, its just not displayed on the chart. It can be enabled in the settings. The background colors designate trend and confirmation.
The second personality is stubborn and its committed to making a profit. Its a hard line in the sand that configurable by you the user. Its the take profit/trailing take profit setting. It will not let other personalities sell for less than these configured values. The visual component of personality two is represented by black dots. This serves to showcase its minimum profit target when opening a trade and a trailing stop loss when the price exceeds the minimum profit target.
The third personality is the guy that does the dirty work that nobody wants to admit they do. This personality is based on the original SB Master Chart algorithm. This personality takes over when the first personality is unable to turn a profit. This personality goes to work finding appropriate places to dollar cost average. There are two settings that affect this personality.
DCA %
Risk Multiplier (use extreme caution, this could cause a margin call if used inappropriately).
DCA percent setting restricts this algorithm from buying when the price has not fallen below this threshold.
Risk Multiplier instructs this algorithm how much positions/qty to buy when it buys. At 2x, the algorithm will buy enough shares to double its current position, at 3x the algorithm will buy enough shares to triple its current position.
The visual representations of the third personality are that of red, orange, yellow and green. Red means overbought. When an orange appears just prior to a red, that orange means overbought with volume. Green means oversold and an orange preceding a green is an oversold with volume. Both the red and green represent an possible trend reversal and that's the signal to buy when its green.
This personality is comprised of the following indicators:
RSI
Stochastic
MACD
Bollinger
Volume
The code also features 3 modes. Altering the mode setting changes the way the personalities work together (or do not work together).
Normal
Aggressive
Buy the Dip
Mode Normal works exactly like described above. Each personality has its own duty and they do not interfere with each others work.
Aggressive mode adjusts the dynamic and both the first personality and the third personality share an equal part in opening starter positions.
Buy the Dip mode prevents personality one from buying. Since personality one only buys uptrends, you will never see it buying a dip. This mode puts personality 3 in the spotlight. All position are typically opened during a fast/quick market decline. Personality three is still bound by the rules of personality 2, but its responsible for buying and dollar cost averaging.
I have also included labels for every buy/sell. A green label is the script making its first purchase, yellow is points where it decided to dollar cost average and the red is where it chose to deleverage by closing out all its positions. Nothing prevents the algorithm from buying immediately after a sell, this is by design because we do not want to miss out on an uptrend, but we also do not want to be caught with too much leverage.
Also included vital statistics on the top right of the chart.
Open Positions
Cost Basis
Current Gain/Loss
Minimum Profit Target
Trailing Stop Loss
Total Trades to Date
Maximum Positions/Qty to Date
In the bottom right of the chart, I have the user configurable settings. This is important so a user can at a glance see the settings of the chart without having to open the options menu.
Together, all three personalities form a COMPLETE trading system. The system tracks purchase quantity, cost basis from the first buy, adjust with each new buy and calculates the running profit from the begining of the date set in the settings if it were to have bought and sold at every signal. The public version of the script requires the trader to use the script in real time watching for buy and sell opportunities. The private subscription version of the script has custom alerts that can be configured to alert the user on when to buy and sell and also gives the user appropriate trailing stop loss settings to automate the trading process.
I want to name the personalities at some point in time for the novelty factor, but I wanted to release the script as soon as possible for others to enjoy, so they are nameless at this point. If you have suggestions, please contact me with your suggestion. I will credit the person with the best personality with a free subscription to the private version of this indicator.
As always, understand the risks of trading and trade responsibly. Nothing in this script can predict the future. Past results do not guarantee future performance
Fractal Fire Zones/Wave RiderMulti timeframe confluence reader: This indicator plots fractals on any specific timeframe selected, multi time frame ema cross that changes color with the trend, multi timeframe 200ema and a calculation that shows potential turning points with a multi timeframe stochastic oscillator confluence. The fire zones are preferred in a ranging market or for potential scalps while the ema trend is designed to keep you with the main trend in any given session. The accumulation/distribution candles can be used to gauge pull backs for re entry or exits based on time or multiple confirmations.
Triple Stochastic RSITriple Stochastic RSI
As the name suggests, this indicator is a combination of three stochastic RSI indicators on three different time frames.
It will flash green when all three stochastics are in the lower range specified in the settings (signaling a possible bottom) and will flash red when all three stochastics are in the upper range(signaling a possible top). The bottom and top thresholds are user-configurable, as well as the timeframes for each stochastic and the standard stochastic settings.
Use this indicator on the lowest timeframe specified in the settings or you may get unexpected results.
MCDX Pro+ | BMSPublished 10 June 2021
MCDX Pro+ | BMS
Bull Momentum System Pro
Use this indicators with other BMS indicators.
(Smart Power / MC Pro++ / SMI Pro+)
How to use:
This indicator detects Banker volume.
Green Bars = Retailer ( Bearish / Downtrend)
Gray Bars = Hot Money (Sideways / FIFO)
Red Bars = Banker Smart Money ( Bullish Uptrend)
Pink Bars = Weak Banker (Pullback / Unloading / Technical Rebound)
Blue line = FIFO entry
- Blue line is a fast signal to enter when there is no banker yet.
- Good for BTST / FIFO trade.
- If Blue Line is up too strong a fast pullback may happen
- Yellow line = Bearish (pullback)
- Blue line up together with Red bars means strong bullish.
Overbought / Oversold symbol:
Orange Circle = Overbought / Possible very strong bull
Blue Circle = Oversold / Possible bottom catch / Rebound
Banker levels and Rocket symbol:
Level 0% = No Banker show 0 Rocket
Level 25% = Banker step-in show 1 Rocket
Level 50% = Banker build position show 2 Rocket
Level 75% = Banker takes control show 3 Rocket
Level 100% = Banker overbought show 4 Rocket
Best entry when position is Oversold and Red Banker step-in
and build-up position more than 50% level.
Take profit when Overbought, Pink Bars (banker unloading) and
Blue line turns Yellow line.
MTF Wave Stochastic RSI [Cryptoheat]MTF Wave Stochastic RSI is a multiple time frame Stochastic RSI, based on 3 different timeframes, layered on top of each other. This is a very useful tool when used to confirm and identify Elliott Waves and sub-waves at once.
Each of the three curves is based on a different time frame. While the blue (K2) curve is the current time frame, the gray (K1) is of a faster time frame which is roughly around a third of the time and the green (K3) is of a slower time frame, roughly around 3 times the current time frame. The gray and green curves are based on specific settings that were back-tested and proved more efficient.
Reasoning behind this indicator is that although the normal Stochastic RSI can show divergences more sensitively and faster than the normal RSI indicator, it cannot do so while showing a larger duration backwards in an accurate way for comparisons. It can also not show wave structures and substructures, but rather a top or bottom reversal regardless of the wave structure hierarchy and wave strength. However when several time frames are combined in one indicator, they can reveal much more information about the chart as they can show larger durations next to smaller ones. Therefore they can be used as a confirmation and helper tool to identify Waves and Sub-waves.
This can be done, by looking first at the green curve (slowest RSI) and identifying full moves. A full move is a move from being oversold to overbought and back to being oversold again. A move can be the opposite as well. By identifying the beginning and end of a move of the larger time frame stochastic RSI this can help you see the two waves in each move. One wave up and one wave down. The peak of that wave can be seen either at the highest point of the in-between peak of the green curve or by one of the smaller time frame stochastic RSI tops when the green one is diverging. A look at the price action and application of Elliott Wave knowledge is mandatory, as this indicator is mainly a confirmation tool.
By back-testing it you can see that the larger time frame Stochastic RSI can show you full impulse and corrective waves most of the times, while the lower time frame stochastic RSI should be viewed as potential sub-waves of that main wave structure. Also noticeable are the divergences that can be seen often on the larger time frame Stochastic RSI..
Please note that this tool is not recommended to be used alone as like many indicators, this is a confirmation tool that can help in identifying rather than predicting…
Also for best results Elliot Wave knowledge is recommended…
I prefer to use this indicator along with a normal Stochastic RSI on top of it so I can always see which of the three curves is of the current time frame, making it easier to understand the chart. I also prefer using the normal RSI and MACD with it…
3 EMA + Stochastic RSI + ATR 3ESRA
v0.2a
Coded by Vaida Bogdan
3ESRA consists of a 3 EMA cross + a close above (for longs) the quickest EMA
or below (for shorts). Note that I've deactivated the RSI Cross Over/Under
(you can modify the code and activate it). The strategy also uses a stop loss
that's at 1 ATR distance from the entry price and a take profit that's at
4 times the ATR distance from the entry price.
Barholle eMA and RSI Movement TestThis is a test that offers insight into whether and asset is heading into bullish or bearish territory.
This indicator/test offers insight into the Exponential Moving Average's velocity and acceleration as well as the Stochastic RSI's velocity, acceleration and jerk. Included is a 'Stochastic Difference' and 'Stochastic Growth' indicators (commented out) that measure the difference between K and D in the Stoch RSI as well as the rate of it's change. This test is all about crossovers - the best leading indicator is a downward cross of the eMA velocity over the eMA acceleration, indicating a drop in price in the current or next bar.
The lines or importance have been set to -2 and 5, but these should be adjusted to suit your preferences. These numbers were chosen in order to try and create some kind of threshold after which action might be suggested. Backtesting is highly recommended so you can see how the test does and does not work. It is super powerful, but it is not omniscient - its an RSI and eMA derivative, past success does not necessarily dictate future success.
Please look at the code for several more plots you can use of derivatives and other ideas explore but commented out for greater legibility of the graph. Commenting and commenting (or uncommenting all and just disabling some in the settings) and comparing the graphs and crossovers is a useful exercise. To that end, one last concept - the MARSI - a combined moving averages and RSI measurement - was abandoned because it didn't appear to indicate anything of use, however you may find crossovers or patterns with it comparing it to other graphs, so it was left in but commented.
Please take a look at the comments and all the math and indicators 'left on the cutting room floor' in the script. Maybe you'll find a gem in the redux version of this script.
Outreach regarding the script, patterns noticed and full-on stealing of the script are all permitted. Many elements of this script were nabbed from other scripts - thank you to a community of coders who put it all out there.
EmperorBTC's VWAP StrategyEmperorBTC's VWAP Indicator & Strategy
v2.1
coded by Bogdan Vaida
This indicator was created after EmperorBTC's conditions.
Good timeframes for it: 30', 15', 5'
To convert from strategy to study switch the commented lines in the beginning
and at the end of the script and vice versa.
What this indicator does is to check if:
o Pivot Point was crossed
o Stoch-RSI and VWAP were crossed in current or previous candle
o Candle (or previous candle) close is in the trend direction
If all these are true then it will go long or short based on direction.
Stochastic RSI - DurbtradeDurbtrade Stoch RSI -
1) Stoch RSI
A) The K line can be customized to change color based on vertical direction.
B) The space between K line and D line can be filled with a color depending on whether K line is above or below the D line.
C) There are color-coded, cross-over and cross-under background fills, to signal when the K line crosses the D line.
D) K line is drawn in front of D line (D line is drawn behind K line).
E) Default values : K = 3, D = 4, RSI Length = 14, Stoch Length = 14
2) Horizontal Lines
A) Horizontal lines can be drawn automatically, so you don't have to draw them, and they don't extend past the current bar.
B) There are 11 customizable horizontal lines,
and each line is set to non-customizable increments (zero, 10, 20, 30, 40, fifty, 60, 70, 80, 90, hundred).
C) The 11 lines are divided into 2 groups:
a) 4 PAIRS of lines WITH fill options (10/90, 20/80, 30/70, 40/60... 8 lines total), and
b) 3 INDIVIDUAL lines WITHOUT fill options (zero, fifty, hundred).
D) The 4 fills give you the option to fill the space between each pair with a customizable color and opacity,
regardless of whether the lines themselves are drawn or not.
(all default values are what I feel work best for this indicator...
and initially, only the zero, fifty, and hundred lines are drawn automatically .
You may add the other lines if you choose to, by adjusting the opacity to your liking).
3) Conclusion
A) As with my previous indicators, this one maximizes information, color, discernment, clarity, and customization.
B) It is optimized for your ability to be able to easily customize the indicator according to your preferences...
for use on your own personal television, laptop, or cellular phone screen setup... and on all chart zoom levels and layouts.
C) Please feel free to comment your thoughts, critiques, or suggestions. They are all helpful!
D) Check out my previous pine script indicators if you like this one. They work really well together.
E) I hope that you find this script useful.
F) Enjoy!
//Durbtrade
Stochastic MomentumThis RSI indicator uses the difference between the K and D values in the Stochastic RSI indicator. Using the same layered lengths of 12, 24, 48 and 96 intervals that the Avg Stoch RSI indicator, this offers a rate of change momentum measurement. Crossovers are at zero, this indicator gives a clearer indicator of market momentum.
Avg Stoch-RSIThis is a Stochastic RSI measurement that averages four different RSI lengths in order to catch short length as well as longer length trends. The lengths are intentionally chosen to give you periods between 1 to 4 days on the 1hr and proportionally further back by increased period.
Ichimoku EMA RSI - Crypto only long StrategyHey there!
Here I show you an Ichimoku Cloud Strategy.
I discovered the strategy on a YouTube channel and tried to transfer it as a strategy into a script.
He said in his video that you would make more profit with this strategy than holding the coin.
Tested with the crypto pair ETH/USDT in the four hour chart.
Period: beginning of 2017 until today.
The strategy should also work with foreign exchange. But then the settings have to be adjusted.
There is the possibility to activate two EMA's and a Stochastic RSI .
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How does the strategy work?
ENTRY
The green Ichimoku lead line must above the red Ichimoku lead line - only the two lead lines are activated.
A green candle must closed above the green lead line.
EXIT
A red candle must close below the green Ichimoku lead line.
OPTIONAL ENTRY
EMA
Once you activate the EMA , long positions will only be taken once the EMA1 is above the EMA2.
Thereby I could observe a significant increase of the profit as well as a decrease of the maximum drawdown.
RSI
As soon as you activate the Stochastic RSI , long positions are only taken when the K line is above the D line.
In the future, I may add an oversold - undersold parameter.
The results of the strategy are without commissions and levers.
If you have any questions or feedback, please let me know in the comments.
If you need more information about the strategy and want to know exactly how to apply it, check out my profile.
I wish you good luck with the strategy!
Tripple super Trend + EMA + RSI StrategyGreetings!
Here I show you the Tripple Super Trend Strategy.
I discovered the strategy on a YouTube channel and tried to transfer it as a strategy into a script.
Tested with the currency pair EUR/USD in the one hour chart.
Period: beginning of 2020 until today.
The strategy should also work with cryptocurrencies. But then the settings have to be adjusted.
There is the possibility to activate only long or only short position.
The EMA can be used in a time different from the chart.
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How does the strategy work?
For long positions, the candle must be above the EMA .
The candle must be closed above at least two of the supertrend lines.
The stochastic RSI must show oversold and the k line must cross over the D line.
For short positions, the candle must be below the EMA .
The candle must be closed below at least two of the supertrend lines.
The stochastic RSI must indicate overbought and the K line must cross below the D line.
The stop loss is determined with the "lowest low/highest high lookback".
The profit factor is multiplied by the value of the lowest low/highest high lookback.
The results of the strategy are without commissions and levers.
If you have any questions or feedback, please let me know in the comments.
In the future I will add other types of stop loss / take profits. (ATR; %; eg.)
If you need more information about the strategy and want to know exactly how to apply it, check out my profile.
I wish you good luck with the strategy!
Stochastic RSI w/ Crossover Alerts (by WJ)NOTE:
// STOCH RSI CODE TAKEN FROM DEFAULT INDICATOR
// I HAVE ONLY MADE SOME ADJUSTMENTS FOR VISUAL AID
// I MADE THIS FOR MY OWN USE BUT HAVE DECIDED TO PUBLISH AND SHARE IN CASE ANYBODY WANTS TO USE IT
This is the normal default built-in Stochastic RSI indicator which I have added some stuff for visual aid:
Added middle line (50)
Stoch RSI background turns green when K line crosses D line UPWARDS, K line is below the 50 level, and price is above 200 EMA
Stoch RSI background turns red when K line crosses D line DOWNWARDS, K line is above the 50 level, and price is below 200 EMA
Alert notification on the crossover candle with background colour change conditions met
Dump Detector - Stochastic RSIDump Detecter uses Stochastic RSI to detect dumps/downtrends. Can be used as an exit trigger for long bots or an entry trigger for short bots. Change settings to lower timeframe for scalping. Pump signals can be turned on with tickbox.
Default Settings are not the usual Stochastic RSI setup and have been tuned to bitcoin 3hr chart:
Timeframe = 3hrs
smoothK = 3
smoothD = 3
lengthRSI = 6
lengthStoch = 27
src = close
All in One Strategy no RSI Label - For higher dollar cryptoThis is the All in One Strategy without the RSI suggestion label that will work well for any of the crypto currencies trading above $500 so the overlay shows up better. I am using ETH as an example on this.
Based on some comments on my previously published script that has been replaced I have added Alert Conditions to this version that can be used in other bots. You can also copy and paste these alert conditions into the other All in One script I published for the lower priced cryptocurrencies.
To use the alert conditions I have in here, you will need to convert this strategy into a study to do so. Delete the entry and exit logic at the end (lines 299 through 351), delete line 18 and paste the following in place of line 18:
study(shorttitle='Ain1 No Label',title='All in One Strategy no RSI Label', overlay=true, scale=scale.left)
Here are the settings to mimic what you see here in the back test strategy I am publishing. Remember that previous results do not guarantee future results.
Chart Time = 30 Minutes (if you didn't read my original All in One post, read it. Shorter isn't better. You lose your money faster in a shorter amount of time and I learned that the hard way)
Start Time = 1 April 2021 00:00
End Time = 31 December 2021 00:00
Trade Type = Long/Short
Stop Loss % = 20.1
Take Profit % = 14.57
RSI Length = 20
Overbought = 44
Oversold = 45
EMA Fast Length = 5
EMA Slow Length = 15
Overbought Lookback Minimum Value = 62
Overbought Lookback Bars = 3
Oversold Minimum Value = 43
Oversold Lookback Bars = 5
Source = Close
Max Lookback Period = 5
Use EMA Only = True (check the box)
K = 9
D = 17
K Mode = SMA
High Source = ohlc4
Low Source = ohlc4
Properties - Starting Amount is $3500, everything else is the same.
Any questions, feel free to ask. I will answer as soon as I can.
StochasticLSMAIntroducing the worlds first StochasticLSMA. A powerful Stochastic that shows trends and highlights market tops/bottoms. This may be the ultimate tool in locating tops and bottoms on any timeframe.
How to tune the settings:
Depending on what chart you use and what timeframe you are on it may be necessary to dial in the settings to correctly locate the tops and bottoms you wish to trade. Here are some settings to try:
32 < Finds longer term Tops and bottoms.
21 < Great for longer term tops and bottoms on hourly and daily charts.
19 < If 21 is not accurate enough.
17 < If 19 is not accurate enough.
13 <Great setting for short to mid range tops and bottoms and lower timeframes. (default)
11
9
6 < Excellent for finding shorter term tops and bottoms on all timeframes.
*Changing the “Stochastic Price” setting to “hl3” or “low” can help hone in on lows and highs.*
It can be very useful to to use 2 StochasticLSMA indicators with different settings. Here we have two examples how to use multiple indicators on the ETHUSD Daily chart. One set on 13 and the other on 6. A trader can enter on the 6 length indicator and exit on the 13. It also shows how it has the potential to filter out “bad entries” by matching the bottoms.
Example of different length settings.
Alerts:
Overbought: K line crosses over overbought line (Red Dot)
Oversold: K line crosses under oversold line (Green Dot)
Buy Signal: K line is under oversold line and trends up (Green Up Arrow)
Sell Signal: K line is over oversold line and trends down (Red Down Arrow)
Last Chance Sell Signal: As K line leaves overbought line (Yellow Dot)
Last Chance Buy Signal: As K line leaves oversold line (Yellow Dot)
Example of alert signals and trigger enabled in settings
Stoch-RSI 4h/1h/15min!!!! Note: Run this on the 15min timeframe (Important) !!!!
Note the default settings on this indicator are best for BTC/USDT. For other pairs it might take some fiddling with variables to get a useful result (if a useful result is obtainable with the selected pair)
Generally, select between the options (RSI/Stoch) and (15min/1hour) and (1hour/4hours) - to find a strategy backtest result that is worth considering.
Only long positions are considered here (I tried shorts but could not get a credible backtest result with this approach).
This is an indicator which looks at RSI and StochRSI on the 15min, 1hour and 4hour timeframe.
The user can select a 15min/1hour option (RSI/Stoch) and then also a 1hour/4hour option (RSI/Stoch).
So there is one selection from a lower (15min/1hour) timeframe and another selection from a longer (1hour/4hour) timeframe.
The general idea is to, consider buying when, the lower timeframe (RSI/Stoch) is going upwards and also the longer timeframe (RSI/Stoch) is going upwards.
A good backtest result would suggest that the confluence in RSI/Stoch over the shorter and longer timeframes can estimate a good time to buy.
(Careful with a 1hour Stoch for the shorter timeframe variable as its possible to also select a 1hour Stoch for the longer timeframe variable.)
There are user set variables that can be set to avoid a buy signal, if either the lower or high timeframe variables are greater than.
For example, buying when a rsi/stoch is >65% might not be advisable as the rsi/stoch is most probably due for a downswing when above this value.
The strategy closes a position when either the shorter or longer timeframe variables no longer are going up.
There is also a take profit % which can be set to exit trades at a given %.
The default values on this indicator tool are for bitcoin, which shows a reasonable backtest result. - worth sharing on tradingview.
Please do get in touch for any additional information/suggestions.
Sincerely,
MoonFlag
3 EMA Stochastik RSI ATR SL TP only LONGHey there!
Here i will show you the 3 EMA RSI Stochastic Crossover strategy with an ATR SL and TP.
The strategy works as follows:
For long positions, the EMA's must be in the following order:
The 8 E M A must be above the 14 E M A and the 14 E M A must be above the 50 E M A.
The buy signal is given to us by the Stochastic RSI indicators.
The K line must cross the D line above. The following candle must then close above all E M A's.
The stop loss is determined by three times the value of the ATR.
The take profit is determined by two times the value of the ATR.
In this strategy only long positions are traded.
EmperorBTC's VWAP IndicatorThis indicator was created after EmperorBTC's conditions. Conditions displayed below:
Good timeframes for it: 30', 15', 5'
To convert from strategy to study switch the commented lines in the beginning and at the end of the script
What this indicator does is:
1) Check if Pivot Point was crossed
2) Stoch-RSI and VWAP were crossed up in current or previous candle
3) Candle (or previous candle) is green
Then, it will plot a Long opportunity.
FUTURE IDEAS:
- Volume Expansion
- Candle Stick patterns
