9:22 5 MIN 15 MIN BANKNIFTY9:22 5 MIN 15 MIN BANKNIFTY Strategy with Additional Filters
The 9:22 5 MIN 15 MIN BANKNIFTY Strategy with Additional Filters is a trend-following strategy designed for trading the BANKNIFTY instrument on a 5-minute chart. It aims to capture potential price movements by generating buy and sell signals based on moving average crossovers, breakout confirmations, and additional filters.
Key Features:
Fast MA Length: 9
Slow MA Length: 22
ATR Length: 14
ATR Filter: 0.5
Trailing Stop Percentage: 1.5%
Pullback Threshold: 0.5
Minimum Candle Body Percentage: 0.5
Use Breakout Confirmation: Enabled
Additional Filters:
Volume Threshold: Set a minimum volume requirement for trades.
Trend Filter: Optionally enable a trend filter based on a higher timeframe moving average.
Momentum Filter: Optionally enable a momentum filter using the RSI indicator.
Support/Resistance Filter: Optionally enable a filter based on predefined support and resistance levels.
Buy and Sell Signals:
Buy Signal: A buy signal is generated when the fast moving average crosses above the slow moving average, with additional confirmation from breakout and volume criteria, along with optional trend, momentum, and support/resistance filters.
Sell Signal: A sell signal is generated when the fast moving average crosses below the slow moving average, with similar confirmation and filtering criteria as the buy signal.
Exit Strategy:
The strategy employs a trailing stop-loss mechanism based on a percentage of the average entry price. The stop-loss is dynamically adjusted to protect profits while allowing for potential upside.
Please note that this strategy should be thoroughly backtested and evaluated in different market conditions before applying it to live trading. It is also recommended to adjust the parameters and filters according to individual preferences and risk tolerance.
Feel free to customise and adapt the description as needed to suit your preferences and the specific details of your strategy.
Üstel Hareketli Ortalama (EMA)
Buy Sell using 5-8-13 EMA, RSI, PSAR IndicatorThis indicator generates Scalping and Strong Buy/Sell Signals.
Quick Scalp signals are generated using 5 EMA and RSI.
Strong Buy/Sell Signals are generated using combination of 5-8-13 EMA and Parabolic SAR.
Signals generated:
QB: Quick Buy
QS: Quick Sell
SB: Strong Buy
SS: Strong Sell
Machine Learning : Cosine Similarity & Euclidean DistanceIntroduction:
This script implements a comprehensive trading strategy that adheres to the established rules and guidelines of housing trading. It leverages advanced machine learning techniques and incorporates customised moving averages, including the Conceptive Price Moving Average (CPMA), to provide accurate signals for informed trading decisions in the housing market. Additionally, signal processing techniques such as Lorentzian, Euclidean distance, Cosine similarity, Know sure thing, Rational Quadratic, and sigmoid transformation are utilised to enhance the signal quality and improve trading accuracy.
Features:
Market Analysis: The script utilizes advanced machine learning methods such as Lorentzian, Euclidean distance, and Cosine similarity to analyse market conditions. These techniques measure the similarity and distance between data points, enabling more precise signal identification and enhancing trading decisions.
Cosine similarity:
Cosine similarity is a measure used to determine the similarity between two vectors, typically in a high-dimensional space. It calculates the cosine of the angle between the vectors, indicating the degree of similarity or dissimilarity.
In the context of trading or signal processing, cosine similarity can be employed to compare the similarity between different data points or signals. The vectors in this case represent the numerical representations of the data points or signals.
Cosine similarity ranges from -1 to 1, with 1 indicating perfect similarity, 0 indicating no similarity, and -1 indicating perfect dissimilarity. A higher cosine similarity value suggests a closer match between the vectors, implying that the signals or data points share similar characteristics.
Lorentzian Classification:
Lorentzian classification is a machine learning algorithm used for classification tasks. It is based on the Lorentzian distance metric, which measures the similarity or dissimilarity between two data points. The Lorentzian distance takes into account the shape of the data distribution and can handle outliers better than other distance metrics.
Euclidean Distance:
Euclidean distance is a distance metric widely used in mathematics and machine learning. It calculates the straight-line distance between two points in Euclidean space. In two-dimensional space, the Euclidean distance between two points (x1, y1) and (x2, y2) is calculated using the formula sqrt((x2 - x1)^2 + (y2 - y1)^2).
Dynamic Time Windows: The script incorporates a dynamic time window function that allows users to define specific time ranges for trading. It checks if the current time falls within the specified window to execute the relevant trading signals.
Custom Moving Averages: The script includes the CPMA, a powerful moving average calculation. Unlike traditional moving averages, the CPMA provides improved support and resistance levels by considering multiple price types and employing a combination of Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs). Its adaptive nature ensures responsiveness to changes in price trends.
Signal Processing Techniques: The script applies signal processing techniques such as Know sure thing, Rational Quadratic, and sigmoid transformation to enhance the quality of the generated signals. These techniques improve the accuracy and reliability of the trading signals, aiding in making well-informed trading decisions.
Trade Statistics and Metrics: The script provides comprehensive trade statistics and metrics, including total wins, losses, win rate, win-loss ratio, and early signal flips. These metrics offer valuable insights into the performance and effectiveness of the trading strategy.
Usage:
Configuring Time Windows: Users can customize the time windows by specifying the start and finish time ranges according to their trading preferences and local market conditions.
Signal Interpretation: The script generates long and short signals based on the analysis, custom moving averages, and signal processing techniques. Users should pay attention to these signals and take appropriate action, such as entering or exiting trades, depending on their trading strategies.
Trade Statistics: The script continuously tracks and updates trade statistics, providing users with a clear overview of their trading performance. These statistics help users assess the effectiveness of the strategy and make informed decisions.
Conclusion:
With its adherence to housing trading rules, advanced machine learning methods, customized moving averages like the CPMA, and signal processing techniques such as Lorentzian, Euclidean distance, Cosine similarity, Know sure thing, Rational Quadratic, and sigmoid transformation, this script offers users a powerful tool for housing market analysis and trading. By leveraging the provided signals, time windows, and trade statistics, users can enhance their trading strategies and improve their overall trading performance.
Disclaimer:
Please note that while this script incorporates established tradingview housing rules, advanced machine learning techniques, customized moving averages, and signal processing techniques, it should be used for informational purposes only. Users are advised to conduct their own analysis and exercise caution when making trading decisions. The script's performance may vary based on market conditions, user settings, and the accuracy of the machine learning methods and signal processing techniques. The trading platform and developers are not responsible for any financial losses incurred while using this script.
By publishing this script on the platform, traders can benefit from its professional presentation, clear instructions, and the utilisation of advanced machine learning techniques, customised moving averages, and signal processing techniques for enhanced trading signals and accuracy.
I extend my gratitude to TradingView, LUX ALGO, and JDEHORTY for their invaluable contributions to the trading community. Their innovative scripts, meticulous coding patterns, and insightful ideas have profoundly enriched traders' strategies, including my own.
EMA ProHi Traders!
This Improved EMA Cross Pro Indicator does a few things that Ease Up Our Charting.
Personally it Saved me Tons of Time searching for structure highs / lows, measuring ranges and distances from my entry to stop or take profit.
It's like having most of your trade in front of you, charted for you.
Works Across Assets & Time Frames.
The Functions
1. Signals EMA Crosses - green for Bull Cross & Red for Bear Cross
2. Signals Touches to the 55 EMA
a. In a Bull Cross it will only signal touches and closes Above the 55
b. In a Bear Cross it will only signal touches and closes Under the 55
3. Plots Current Horizontals:
a. The current position of the 55
b. The last High & Low
4. Calculation:
a. % from the 55 to the High & Low
b. Risk / Reward Ratio ("Bad Risk Management" message appears if ratio is not favorable)
c. Over Range between the Low and the High
5. Labels - Current prices for all horizontals marked as Entry, Exit & Stop
Notes:
* This Indicator is Interchanging between bull and bear crosses, it recognizes the trend and adapts its high and low output.
* You Can and Should make your personal changes. everything can be changed in the settings inputs.
* You can Turn On & Off most functions in the settings inputs.
BYBIT:BTCUSDT.P
EMA orderly stacked or notThis script plots a green circle on top of the chart when the EMAs are stacked positively, a red circle if they are stacked negatively and gray if neither positively nor negatively stacked.
The EMAs used are:
8 EMA
21 EMA
34 EMA
55 EMA
89 EMA
Useful when you look for a quick and easy way to see if these EMAs are stacked positively or negatively as a confirmation to the Squeeze Pro indicator if going long or short (Squeeze Pro is developed by John Carter at SimplerTrading.com and can be purchased there).
Default 100 bars back, but that can be adjusted.
Remember to do your own research.
Feel free to adjust the script to your liking.
The script is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by me.
Have fun!
ADW - MomentumADW - Momentum is a trading indicator based on the Relative Momentum Index (RMI) and Exponential Moving Averages (EMAs). This indicator plots the RMI along with its EMAs and highlights regions where RMI crosses its slow EMA. Additionally, it provides alerts when the momentum flips bullish or bearish.
Key Features:
The RMI helps to identify momentum in the market.
Three EMAs (Fast, Standard, and Slow) were calculated on the RMI. These can be utilized to analyze the momentum trend over different periods.
Highlighted regions and colour coding to indicate when RMI crosses its Slow EMA, signalling potential momentum shifts.
Customizable parameters: Users can specify the lengths of the RMI and EMAs, boundaries for RMI, and colours for various components of the plot.
Alerts: The script can alert users when the momentum has flipped bullish or bearish.
The script is organized into several sections:
Inputs: The user can customize several parameters including the RMI averaging length, momentum lookback, RMI boundaries, and the EMA lengths. In addition, users can also specify the colours for the RMI line, Slow EMA line, and the fill colour.
RMI Calculation: The script calculates the RMI based on the user-provided length and momentum lookback. This is done by first calculating two EMAs - one for the positive differences between closing prices (emaInc), and one for the negative differences (emaDec). Then, the RMI is computed using these EMAs.
Plotting: The script plots the RMI line, Slow EMA line, and two horizontal lines indicating the RMI boundaries. In addition, it also fills the region between the RMI and Slow EMA lines.
Conditions: The script computes the conditions for bullish and bearish momentum flips. These are defined as when the RMI crosses above or below the Slow EMA respectively.
Alerts: Finally, the script sets up two alert conditions based on the bullish and bearish conditions. These alert the user when the momentum has flipped bullish or bearish, with a message that includes the current RMI value.
VWAP + 2 Moving Averages + RSI + Buy and SellIndicator: VWAP + 2 Moving Averages + RSI + Buy and Sell
Buy and Sell Arrows (Great for use alone or in conjunction with other scripts on the chart)
This indicator displays BUY (BUY) and SELL (SELL) arrows on the chart based on a combination of moving averages, VWAP and RSI. Arrows are a visual way to identify trading opportunities and can be useful for traders who want to follow a strategy based on these conditions.
The indicator uses two moving averages (20 and 50 periods) to identify upward crosses (buy) and downward crosses (sell). In addition, it takes into account VWAP (Volume Weighted Average Price) and RSI (Relative Strength Index) as additional filters to confirm buy and sell signals.
This script is great for use both independently and in conjunction with other indicators and strategies. You can combine it with other indicators and customize it to your preferences to create a more comprehensive trading strategy.
Please remember that this indicator is provided for educational purposes only and does not constitute financial advice. It is always recommended to carry out a thorough analysis before making any trading decisions.
Give this indicator a try and enjoy clear visualization of buy and sell arrows on your chart. Happy trading!
5EMA BollingerBand Nifty Stock Scanner
What ?
We all heard about (well: over-heard) 5-EMA strategy. Which falls into the broader category of mean reversal type of trading setup.
What is mean reversal?
Price (or any time series, in fact) tries to follow a mean . Whenever price diverges from the mean it tries to meet it back.
It is empirically observed by some traders (I honestly don't know who first time observed it) that in Indian context specially, 5 Exponential Moving Average (5-EMA) works pretty good as that mean.
So whenever price moves away from that 5-EMA, it ultimately comes back and attain total nirvana :) Means: if price moved way higher than the 5EMA without touching it, then price will correct to meet it's 5-EMA and if price moved way lower, it will be uplifted to meet it's 5-EMA. Funny - but it works !
Now there are already enough social media coverage on this 5-EMA strategy/setup. Even TradingView has some excellent work done on these setups. Kudos to all those great souls.
So when we came to know about this, we were thinking what we should do for the community. Because it is well cover topic (specially in Indian context). Also, there are public indicators.
Then we thought why not come up with a scanner which will scan all the Nifty-50 constituent stocks and find out on the fly, real-time which all stocks are matching this 5-EMA setup and causing a Buy/Sell trade recommendation.
Hence here we are with the first version of our first scanner on the 5EMA setup (well it has some more masala than merely a 5-EMA setup).
Why?
Parts of why is already covered up.
Now instead of blindly following 5-EMA setup, we added the Bollinger band as well. Again: it's also not new. There are enough coverage in social media about the 5-EMA+BB strategy/setup. We mercilessly borrowed from all of these.
Suppose you have an indicator.
Now you apply the indicator in your chart. And then you need to (rock) and roll through your watchlist of Nifty-50 stocks (note: TradingView has no default watchlist of Nifty-50 stock by default - you have to create one custom watchlist to list all manually) to find out which all are matching the setup, need to take a note about the trade recomendations (entry, SL, target) and other stuffs like VWAP, Volume, volatility (Bollinger Band Width).
Not any more.
This scanner will track all the Nifty-50 stocks (technically: 40 stocks other than Banking stocks) and provide which one to Buy or Sell (if any), what's the entry, SL, target, where is the VWAP of the day, what's the picture in volume (high, low, rising, falling) and the implied volatility (using Bolling band width). Also it has a naive alerting mechanism as well.
In fact the code is there to monitor the (Future) OI also and all the OI drama (OI vs price and all the 4 stuffs like long build up, long unwinding, short covering, short buildup). But unfortunately, due to some limitations of the TradingView (that one can not monitor more than 40 `ta.security` call) we have to comment out the code. If you wish you can monitor only 20 stocks and enable the OI monitoring also (20 for stocks + 20 for their OI monitoring .. total 40 `ta.security` call).
How?
To know the divergence from 5-EMA we just check if the high of the candle (on closing) is below the 5-EMA. Then we check if the closing is inside the Bollinger Band (BB). That's a Buy signal. SL: low of the candle, T: middle and higher BB.
Just opposite for selling. 5-EMA low should be above 5-EMA and closing should be inside BB (lesser than BB higher level). That's a Sell signal. SL: high of the candle, T: middle and lower BB.
Along with we compare the current bar's volume with the last-20 bar VWMA (volume weighted moving average) to determine if the volume is high or low.
Present bar's volume is compared with the previous bar's volume to know if it's rising or falling.
VWAP is also determined using `ta.vwap` built-in support of TradingView.
The Bolling Band width is also notified, along with whether it is rising or falling (comparing with previous candle).
Simple, but effective.
Customization
As usual the EMA setup (5 default), the BB setup (20 SMA with 1.5 standard deviation), we provided option wherther to include or exclude BB role in the 5-EMA setup (as we found out there are two schools of thought .. some people use BB some don't. Lets make all happy :))
We also provide options to choose other symbols using Settings if they wish so. We have the default 40 non banking Nifty stocks (why non-banking? - Bank Nifty is in ATH :) .. enough :)). But if user wishes can monitor others too (provided the symbol is there in TradingView).
Although we strongly recommend the timeframe as 30 minutes , you can choose what's fit you most.
The output of the scanner is a table. By default the table is placed in the right-bottom (as we are most comfortable with that). However you can change per your wish. We have the option to choose that.
What is unique in it ?
This is more of an indicator. This is a scanner (of Nifty-50 stocks). So you can apply (our recommendation is in 30m timeframe) it to any chart (does not matter which chart it is) and it will show every 30 mins (which is also configurable) which all stocks (along with trade levels) to Buy and Sell according to the setup.
It will ease your trading activity.
You can concentrate only on the execution, the filtering you can leave it to this one.
Limitations
There is a build in limitation of the TradingView platform is that one can call only upto 40 securities API. Not beyond that. So naturally we are constraint by that. Otherwise we could monitor 190 Nifty F&O stocks itself.
30m is the recommended timeframe. In very lower (say 5m) this script tends to go out of heap (out of memory). Please note that also.
How to trade using this?
Put any chart in 30m (recommended) timeframe.
Apply this screener from Indicators (shortcut to launch indicators is just type / in your keyboard).
This will provide the Buy (shown in green color) or Sell (shown in red color) recommendations in a table, at every 30m candle closing.
Note the volume and BB width as well.
Wait for at least 2 5-minutes candles to close above/below the recommended level .
Take the trade with the SL and target mentioned.
Mentions
@QuantNomad. The whole implementation concept we mercilessly borrowed from him, even some of his code snippet we took it (after asking him through one of his videos comment section and seeking explicit permission which he readily granted within an hour). Thank You sir @QuantNomad. Indebted to you.
Monika (Rawat) ji: for reviewing, correcting, providing real time examples during live market hours, often compromising her own trading activities, about the effectiveness and usefulness of this setup. Thank You madam ji. Indebted to you.
There are innumerable contents in social media about this. Don't even know whom all we checked. Thanks to all of them.
Happy Trading (in stocks - isn't enough of Indices already?)
Disclaimer
This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time.
We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Crypto Trend IndicatorThe Crypto Trend Indicator is a trend-following indicator specifically designed to identify bullish and bearish trends in the price of Bitcoin, and other cryptocurrencies. This indicator doesn't provide explicit instructions on when to buy or sell, but rather offers an understanding of whether the trend is bullish or bearish. It's important to note that this indicator is only useful for trend trading.
The band is a visual representation of the 30-day and 60-day Exponential Moving Average (EMA). When the 30-day EMA is above the 60-day EMA, the trend is bullish and the band is green. When the 30-day EMA is below the 60-day EMA, the trend is bearish and the band is red. When the 30-day EMA starts to converge with the 60-day EMA, the trend is neutral and the band is grey.
The line is a visual representation of the 20-week Simple Moving Average (SMA) in the daily timeframe. "Bull" and "Bear" signals are generated when the 20-day EMA is either above or below the 20-week SMA, in conjunction with a bullish or bearish trend. When the band is green and the 20-day EMA is above the 20-week SMA, a “Bull” signal emerges. When the band is red and the 20-day EMA is below the 20-week SMA, a “Bear” signal emerges. The 20-week SMA can potentially also function as a leading indicator, as substantial price deviations from the SMA typically indicate an overextended market.
While this indicator has traditionally identified bullish and bearish trends in various cryptocurrency assets, past performance does not guarantee future results. Therefore, it is advisable to supplement this indicator with other technical tools. For instance, range-bound indicators can greatly improve the decision-making process when planning for entries and exits points.
PhenomIt is a simple and effective tool for trading on moving averages.
The main advantage is that an ATR-based risk management system is included here. The system is based on the work of FullTimeTradingRu and the FBMA indicator
How to use the system:
1. I recommend using a daily timeframe.
2. Look for a rebound from the moving average, the most effective 20 Ema. For convenience, the colors of the bars are painted green in an uptrend.
3. Enter the transaction using hints. The recommended number of shares to buy is indicated in the table, taking into account your deposit and the risk per transaction from the deposit (by default 1%). Stop 1.5 ATR. Everything is the same for opening short positions.
4. I recommend entering the second trade only if the previous one passed 0.5 ATR, thereby confirming the trend and the fact that you correctly guessed the movement.
There are ATR settings in the script
Last bar show — How many bars to show
ATR lines ATR Step — For a more convenient view, ATR lines can be turned into a ladder.
Rainbow Drift BetaRainbow Drift Beta is an indicator that detects the triggers of long and short positions at any TF.
It's based on two different type of approaches to the EMAs periods:
- Classic EMAs periods: 10 and 50
- Cycle EMAs perdios: 16, 64 and 256
The 256 period EMA (Annual Cycle) detects the trend: if the EMA 64 (Three-Weekly Cycle) is above, it shows an uptrend; while the EMA 64 is below, it means that the price action is in downtrend.
10 and 16 periods EMAs are working together as well as the 50 and the 64. The first couple reacts faster than the second one and as soon as the 10 is above the 16, the band shows the first attempt of the price action to go in the uptrend direction. The same concept is applied to the second couple (50, 64): when EMA 50 > EMA 64 it's a confirmation of the faster EMAs long direction. Viceverca happens for the downtrend but with the same concept.
As the EMA periods taken in consideration are quite often a sensitive level of reaction of the price, the indicator detects when there is trigger of a long or a short set up and plots a label on the chart. It's possibile to set up an alert as well.
Quite important, the indicator is looking for sideways patterns as the breakout of them shows a clear direction of the price.
Moreover, in order to privide the first and the best entry possibile, the indicator has a function that is triggering only one time as the trend reverted: for example, a long entry on the EMA 10-16 happens only one time since they crossover the EMA 64.
As included in the name, this is a beta version and new improvements will be added in the near future like suggested price entry, SL and TP, and the focus of the development is to avoid as much as possibile the false triggers.
Of course the best way to improve the code is to receive the users' feedbacks, so please feel free to post your comments and questions.
RSI Exponential Smoothing (Expo)█ Background information
The Relative Strength Index (RSI) and the Exponential Moving Average (EMA) are two popular indicators. Traders use these indicators to understand market trends and predict future price changes. However, traders often wonder which indicator is better: RSI or EMA.
What if these indicators give similar results? To find out, we wanted to study the relationship between RSI and EMA. We focused on a hypothesis: when the RSI goes above 50, it might be similar to the price crossing above a certain length of EMA. Similarly, when the RSI goes below 50, it might be similar to the price crossing below a certain length of EMA.
Our goal was simple: to figure out if there is any connection between RSI and EMA.
Conclusion: Yes, it seems that there is a correlation between RSI and EMA, and this indicator clearly displays that relationship. Read more about the study here:
█ Overview of the indicator
The RSI Exponential Smoothing indicator displays RSI levels with clear overbought and oversold zones, shown as easy-to-understand moving averages, and the RSI 50 line as an EMA. Another excellent feature is the added FIB levels. To activate, open the settings and click on "FIB Bands." These levels act as short-term support and resistance levels which can be used for scalping.
█ Benefits of using this indicator instead of regular RSI
The findings about the Relative Strength Index (RSI) and the Exponential Moving Average (EMA) highlight that both indicators are equally accurate (when it comes to crossings), meaning traders can choose either one without compromising accuracy. This empowers traders to pick the indicator that suits their personal preferences and trading style.
█ How it works
Crossings over/under the value of 50
The EMA line in the indicator acts as the corresponding 50 line in the RSI. When the RSI crosses the value 50 equals when Close crosses the EMA line.
Bouncess from the value 50
In this example, we can see that the EMA line on the chart acts as support/resistance equals when RSI rejects the 50 level.
Overbought and Oversold
The indicator comes with overbought and oversold bands equal when RSI becomes overbought or oversold.
█ How to use
This visual representation helps traders to apply RSI strategies directly on the price chart, potentially making RSI trading easier for traders.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Fibonacci Retracements & Trend Following Strategy Hello! This code creates a Fibonacci retracement indicator and a trend-following strategy indicator. Trading signals and price reversal targets are also calculated. The overall structure of the code is quite clear and readable. The purpose of the code is to calculate Fibonacci retracement levels and a trend-following indicator, display price levels on a chart, calculate trading signals, and calculate price reversal targets.
In the first section, Fibonacci levels are determined. Four different Fibonacci levels are defined: 0.236, 0.382, 0.618, and 0.786. These levels will be used as retracement levels.
Next, a trend-following indicator is calculated. This indicator calculates the averages of high and low prices over a certain period. This indicator can be used to determine the direction of the trend.
Then, price levels are calculated. These levels are determined by calculating the difference between the highest and lowest prices of the trend-following indicator. These levels are used in the calculation of Fibonacci retracement levels.
Next, Fibonacci levels are calculated. These levels are calculated by multiplying price levels with Fibonacci retracement levels. These levels are displayed on the chart.
Trading signals and price reversal targets are calculated. This can be used to trade using a Fibonacci retracement strategy.
Finally, price reversal targets are displayed as circles on the chart.
Usage Guide: Fibonacci Retracement Indicator and Trend Following Strategy
This indicator is used for calculating Fibonacci retracement levels and a trend following indicator, displaying price levels on the chart, calculating trading signals, and determining price targets for reversals. It is important to understand how the indicator works and what type of trading signals it generates before trading with it.
1.)Fibonacci Retracement Levels
Fibonacci retracement levels are used to measure the retracement levels of a trend on the chart. These levels can be used where traders are looking for a reversal signal in the market.
This indicator uses four different Fibonacci levels, which are 0.236, 0.382, 0.618, and 0.786. These levels will be used as retracement levels.
2.)Trend Following Indicator
The trend following indicator calculates the averages of high and low prices over a specific period. This indicator can be used to determine the direction of the trend. While showing a rising trend, it helps the prices stay high, and when showing a falling trend, it can help the prices stay low.
3.)Price Levels
Price levels are determined by calculating the difference between the highest and lowest prices of the trend following indicator. These levels are used to calculate Fibonacci retracement levels.
4.)Trading Signals and Price Reversal Targets
Trading signals and price reversal targets can be used to trade using a Fibonacci retracement strategy. The indicator can buy at Fibonacci levels where prices are retreating in an uptrend, and sell at Fibonacci levels where prices are retreating in a downtrend.
Price reversal targets are shown on the chart in circles.
5.)Fibonacci Retracement Targets
The Fibonacci retracement targets are shown in circles on the chart. These target price levels are calculated by applying Fibonacci retracement levels to the high and low price ranges. These levels can help determine buy or sell signals.
6.)Buy and Sell Signals
The most important feature of the indicator is to determine buy and sell signals. A buy signal is given when the trend-following indicator falls below one of the Fibonacci retracement levels and the price drops below it. A sell signal is given when the trend-following indicator rises and the price goes above one of the Fibonacci retracement levels.
7.)Target Price Levels
Using the retracement levels can be used to determine potential target price levels. Target price levels are determined based on Fibonacci retracement levels and positions can be closed when these levels are reached.
8.)Examples of Using the Indicator:
a) Buy Signal
If the trend-following indicator drops below the 0.618 Fibonacci retracement level and the price falls below it, a buy signal can be given. The target price level can be between the 0.382 and 0.236 Fibonacci retracement levels.
b) Sell Signal
If the trend-following indicator rises and the price goes above the 0.236 Fibonacci retracement level, a sell signal can be given. The target price level can be between the 0.382 and 0.618 Fibonacci retracement levels.
c) Target Price Levels
When a position is opened, target price levels can be determined based on Fibonacci retracement levels. For example, when opening a buy position, the target price level can be between the 0.382 and 0.236 Fibonacci retracement levels.
The use of the indicator can be made more effective by using it together with other technical analysis tools. In addition, practical experimentation with the use of the indicator in different scenarios can help understand how the indicator works.
Divergences in 52 Week Moving Averages, Adjusted and SmoothedThis script description is intended to be holistic and comprehensive for the understanding of the interested parties who view the script.
Following the PineCoders suggestions, I have provided detailed breakdowns both within the code and in the description immediately below:
► Description
This description is intended to be detailed and meaningful, conveying the understanding of the script’s intention to the user:
The theory: Divergences and extreme readings in 52-Week highs on major indexes can provide a view into a potential pending move in the opposite direction of how the market has been trending. By comparing the 52-Week Hi/Lo indices and applying an Exponential Moving Average (EMA), we can assess how extreme a move is from the average. If the move provides an extreme reading, it would potentially be beneficial to “fade” the move (take a position in the opposing direction).
The intention: The intentionality of this script is to provide a visualization of when the highly-probable opportunity to fade over a multi-day or multi-week period arises. In addition to this, based on backtesting prior moves and reading the various levels of significant reversals, three tiers: “Standard”, “Sensitive”, and “Highly Sensitive” have been applied, the user can choose which sensitivity level they would like to see, there are far less false positives on the Standard and Sensitive settings, while Highly Sensitive often signals multiple times with the move coming a few days later.
The application: The settings allow the user to customize their sensitivity to the fade signals, with the ability to customize the visual that shows up as well. For higher-highs that are fade-worthy, the signal will appear on the top of the candle, for lower-lows that are fade-worthy, the signal will appear on the bottom of the candle. The users risk criteria should be the primary driver of the entry/exit, although when backtesting it appears that the significant move is typically completed within a 2-4 week period at max and 3-5 day period at minimum.
A personal note: I am a futures trader intraday but would very strongly caution users when using this strategy with futures (unless their risk tolerance is higher than most). The most beneficial strategy when fading moves would be to enter in tranches, starting at the first signal and adding on any pullback (as long as the pullback is not below the initial entry point). 1-6 Week Date-To-Expiry options would be the primary method for applying this strategy. I would also like to add that SPY/SPX options (SPDR S&P 500 ETF Trust / CBOE S&P 500 Index) are the most liquid options that could be applied in this strategy.
► Description (additional)
With the understanding that few users can read pinescript (Pine), the description above contains all of the necessary information that is necessary for a user to understand the intention for script utilization. For those who do understand Pine, the code is commented in each section in order to provide an understanding of the underlying functions, calculations, and thought process that went on during the writing of the script.
► Description (additional)
This script’s description contains no delegations, all aspects of the script as well as the initial idea behind it are contained in the description above, which is self-contained in it’s entirety with a clear and defined purpose that is written with the intent to holistically capture the intent of the potential use for this indicator.
► General House Rule #2
This script and the description (as well as my profile) contain no links or associations to promotion of any kind, I am not a business, I am not an individual that will in any way make money from this script or the promotion of another person, idea, company, entity, or legal persons (foreign or domestic).
► Originality and usefulness
This is an original and custom script (and idea) that is not a rehashing or a copy of any code from any other programmers in the tradingview community.
Conceptive Price Moving Average [CSM]The Conceptive Price Moving Average (CPMA) is a technical indicator designed to provide a more accurate moving average of the price by using the average of various price types, such as open, close, high, low, etc. The CPMA can help to smooth out the noise and provide a clearer picture of the overall trend by taking the average of the last 3 candles for each price type and then calculating the average of those averages.
To use the CPMA for generating buy/sell signals, you can look for crossovers of the CPMA and other commonly used moving averages, such as the 9-period EMA, 20-period EMA, 50-period EMA, 100-period EMA, and 200-period EMA, which are also plotted on the chart. When the CPMA crosses above a shorter-term moving average, such as the 9-period EMA or 20-period EMA, it can indicate a potential buy opportunity, while when the CPMA crosses below a shorter-term moving average, it can indicate a potential sell opportunity.
Based on my analysis of BankNifty and Nifty, I have found that the CPMA works best at a length of 21, showing good resistance and support for stocks. Therefore, I recommend using a length of 21 when using the CPMA for generating buy/sell signals.
AI-Bank-Nifty Tech AnalysisThis code is a TradingView indicator that analyzes the Bank Nifty index of the Indian stock market. It uses various inputs to customize the indicator's appearance and analysis, such as enabling analysis based on the chart's timeframe, detecting bullish and bearish engulfing candles, and setting the table position and style.
The code imports an external script called BankNifty_CSM, which likely contains functions that calculate technical indicators such as the RSI, MACD, VWAP, and more. The code then defines several table cell colors and other styling parameters.
Next, the code defines a table to display the technical analysis of eight bank stocks in the Bank Nifty index. It then defines a function called get_BankComponent_Details that takes a stock symbol as input, requests the stock's OHLCV data, and calculates several technical indicators using the imported CSM_BankNifty functions.
The code also defines two functions called get_EngulfingBullish_Detection and get_EngulfingBearish_Detection to detect bullish and bearish engulfing candles.
Finally, the code calculates the technical analysis for each bank stock using the get_BankComponent_Details function and displays the results in the table. If the engulfing input is enabled, the code also checks for bullish and bearish engulfing candles and displays buy/sell signals accordingly.
The FRAMA stands for "Fractal Adaptive Moving Average," which is a type of moving average that adjusts its smoothing factor based on the fractal dimension of the price data. The fractal dimension reflects self-similarity at different scales. The FRAMA uses this property to adapt to the scale of price movements, capturing short-term and long-term trends while minimizing lag. The FRAMA was developed by John F. Ehlers and is commonly used by traders and analysts in technical analysis to identify trends and generate buy and sell signals. I tried to create this indicator in Pine.
In this context, "RS" stands for "Relative Strength," which is a technical indicator that compares the performance of a particular stock or market sector against a benchmark index.
The "Alligator" is a technical analysis tool that consists of three smoothed moving averages. Introduced by Bill Williams in his book "Trading Chaos," the three lines are called the Jaw, Teeth, and Lips of the Alligator. The Alligator indicator helps traders identify the trend direction and its strength, as well as potential entry and exit points. When the three lines are intertwined or close to each other, it indicates a range-bound market, while a divergence between them indicates a trending market. The position of the price in relation to the Alligator lines can also provide signals, such as a buy signal when the price crosses above the Alligator lines and a sell signal when the price crosses below them.
In addition to these, we have several other commonly used technical indicators, such as MACD, RSI, MFI (Money Flow Index), VWAP, EMA, and Supertrend. I used all the built-in functions for these indicators from TradingView. Thanks to the developer of this TradingView Indicator.
I also created a BankNifty Components Table and checked it on the dashboard.
Forex RadarForex Radar Indicator: A Powerful Tool for Analyzing Currency Strength and Weakness
Introduction
The Forex Radar Indicator is an innovative tool that provides a visual representation of the relative strength and weakness of various currencies in the Forex market. This indicator is designed to help traders identify potential trading opportunities by analyzing the performance of different currency pairs. In this blog post, we will explore the features and benefits of the Forex Radar Indicator, and explain how to use it effectively in your trading strategy.
Features of the Forex Radar Indicator
1. Spider Plot Visualization
The Forex Radar Indicator uses a spider plot to display the relative strength and weakness of various currencies. A spider plot is a graphical representation of multivariate data, in which each variable is plotted on a separate axis that radiates from the center of the plot. The data points are connected by lines, forming a web-like pattern that makes it easy to compare the performance of different currencies.
2. Customizable Color Scheme
The Forex Radar Indicator allows users to customize the color scheme for each currency, making it easy to identify individual currencies on the spider plot. This feature can be particularly helpful for traders who prefer specific colors for each currency, or who want to use a color scheme that matches their trading platform or charting tools.
3. EMA Divergence and RSI Style Selection
The Forex Radar Indicator offers users the flexibility to choose between two different styles: EMA divergence and RSI. The EMA divergence style displays the difference between a short-term and long-term exponential moving average, while the RSI style shows the relative strength index of the currency pairs. By selecting the preferred style, traders can customize the indicator to suit their specific trading style and strategy.
4. Flexible Input Parameters
The Forex Radar Indicator offers flexible input parameters, allowing users to customize the indicator according to their trading preferences. These parameters include the length of the moving average, the filter value for the moving average, and the normalization length. By adjusting these parameters, traders can fine-tune the indicator to suit their specific trading style and strategy.
Using the Forex Radar Indicator in Your Trading Strategy
The Forex Radar Indicator can be a valuable tool in any trading strategy, as it provides a visual representation of the currency strength and weakness. Here are some tips on how to use the Forex Radar Indicator effectively in your trading:
1. Identify Currency Strength and Weakness
The main purpose of the Forex Radar Indicator is to help traders identify the strength and weakness of various currencies. By analyzing the spider plot, traders can quickly determine which currencies are performing well and which are underperforming. This information can be used to identify potential trading opportunities, as traders can focus on currency pairs that feature a strong currency against a weak one.
2. Choose Between EMA Divergence and RSI Style
Depending on your trading style and strategy, you can choose between the EMA divergence and RSI style options provided by the Forex Radar Indicator. Both styles offer valuable insights into currency strength and weakness, but they may highlight different aspects of the market. By selecting the style that best aligns with your trading approach, you can maximize the effectiveness of the indicator in your trading strategy.
3. Combine with Other Technical Analysis Tools
While the Forex Radar Indicator provides valuable insights into currency strength and weakness, it is important to remember that no single indicator can provide a complete picture of the market. To improve the accuracy and effectiveness of your trading strategy, consider combining the Forex Radar Indicator with other technical analysis tools, such as trend lines, support and resistance levels, and other indicators.
Conclusion
The Forex Radar Indicator is a powerful tool that can help traders gain a better understanding of the relative strength and weakness of various currencies in the Forex market. By incorporating the Forex Radar Indicator into your trading strategy, you can quickly identify potential trading opportunities and make more informed trading decisions. With its customizable color scheme, EMA divergence and RSI style options, and flexible input parameters, the Forex Radar Indicator is a versatile tool that can be adapted to suit any trading style or strategy.
JS-TechTrading: Supertrend-Strategy_Basic versionAre you looking for a reliable and profitable algorithmic trading strategy for TradingView? If so, you might be interested in our Supertrend basic strategy, which is based on three powerful indicators: Supertrend (ATR), RSI and EMA.
Supertrend is a trend-following indicator that helps you identify the direction and strength of the market. It also gives you clear signals for entry and exit points based on price movements.
RSI is a momentum indicator that measures the speed and change of price movements. It helps you filter out false signals and avoid overbought or oversold conditions.
EMA is a moving average indicator that smooths out price fluctuations and shows you the long-term trend of the market. It helps you confirm the validity of your trades and avoid trading against the trend.
Our Supertrend basic strategy combines these three indicators to give you a simple yet effective way to trade any market. Here's how it works:
- For long trades, you enter when the price is above Supertrend and pulls back below it (the low of the candle crosses Supertrend) and then rebounds above it (the high of the next candle goes above the pullback candle). You exit when the price closes below Supertrend or when you reach your target profit or stop loss.
- For short trades, you enter when the price is below Supertrend and pulls back above it (the high of the candle crosses Supertrend) and then drops below it (the low of the next candle goes below the pullback candle). You exit when the price closes above Supertrend or when you reach your target profit or stop loss.
- You can also use RSI and EMA filters to improve your results. For long trades, you only enter if RSI is above 50 and price is above 200 EMA. For short trades, you only enter if RSI is below 50 and price is below 200 EMA.
- You can set your stop loss and target profit as a percentage of your entry price or based on other criteria. You can also adjust the parameters of each indicator according to your preferences and risk tolerance.
Our Supertrend basic strategy is easy to use and has been tested on various markets and time frames. It can help you capture consistent profits while minimizing your losses.
EMA + ATR Support and Resistance + Take Profit SignalThe 'EMA+ ATR Support Resistance Take Profit signal' indicator is a technical analysis tool designed to help traders identify potential support and resistance levels, using the Exponential Moving Average (EMA) and the Average True Range (ATR) indicators. This indicator not only tracks the EMA and ATR but also plots these levels as support and resistance lines, providing useful insights into potential buy and sell points.
The indicator allows you to set the lengths for both the EMA and ATR, with default values set to 20 and 14, respectively. Moreover, you can specify the multiplier for the ATR in the Support/Resistance (S/R) length setting, which defaults to 2. The line width for the plotted lines can also be adjusted according to your preference.
The EMA line in center is invisible by default but you can change that by going to the setting of the indicator. The support and resistance lines are plotted in green and red, respectively. When the price hits the support or resistance levels, the indicator provides a visual signal with a cross shape below or above the respective bars, in lime and red, respectively. If you do not need the take profit signals you can disable them in the setting.
How to Use:
1. Define the EMA and ATR lengths according to your trading strategy. Higher lengths will provide smoother lines but may also lag the current price action.
2. Set the S/R length to determine the distance of the support and resistance lines from the EMA line. Higher values will place these lines further away from the EMA.
3. Monitor the chart for instances when the price hits the support or resistance levels. This is indicated by a cross shape below (for support hit) or above (for resistance hit) the price bar. These points may be considered as potential take profit points or entry/exit points, depending on your strategy.
4. Use the indicator in conjunction with other tools and indicators to confirm signals and reduce the risk of false signals. So the assumption is you enter a trade using your other indicators but you can rely on this indicator to remind you to take profit if you are long by a red cross of the resistance line and if you are short reminds you by a green cross on the support line.
Disclaimer: This indicator should not be used as the sole determinant for any investment decision. Always conduct thorough research and consider multiple factors before trading.
EMA bridge and dashboard with color coding.
Summary:
This is a custom moving average indicator script that calculates and plots different Exponential Moving Averages (EMAs) based on user-defined input values. The script also displays MACD and RSI, and provides a table that displays the current trend of the market in a color-coded format.
Explanation:
- The script starts by defining the name of the indicator and the different inputs that the user can customize.
- The inputs include bridge values for three different EMAs (high, close, and low), and four other EMAs (5, 50, 100, and 200).
- The script assigns values to these inputs using the `ta.ema()` function.
- Additionally, the script calculates EMAs for higher timeframes (3m, 5m, 15m, and 30m).
- The script then plots the EMAs on the chart using different colors and line widths.
- The script defines conditions for going long or short based on the crossover of two EMAs.
- It plots triangles above or below bars to indicate the crossover events.
- The script also calculates and displays the RSI and MACD of the asset.
- Finally, the script creates a table that displays the current trend of the market in a color-coded format. The table can be positioned on the top, middle, or bottom of the chart and on the left, center, or right side of the chart.
Parameters:
- i_ema_h: Bridge value for high EMA (default=34)
- i_ema_c: Bridge value for close EMA (default=34)
- i_ema_l: Bridge value for low EMA (default=34)
- i_ema_5: Value for 5-period EMA (default=5)
- i_ema_50: Value for 50-period EMA (default=50)
- i_ema_100: Value for 100-period EMA (default=100)
- i_ema_200: Value for 200-period EMA (default=200)
- i_f_ema: Value for fast EMA used in MACD calculation (default=9)
- i_s_ema: Value for slow EMA used in MACD calculation (default=21)
- fastInput: Value for fast length used in MACD calculation (default=7)
- slowInput: Value for slow length used in MACD calculation (default=14)
- tableYposInput: Vertical position of the table (options: top, middle, bottom; default=middle)
- tableXposInput: Horizontal position of the table (options: left, center, right; default=right)
- bullColorInput: Color of the table cell for a bullish trend (default=green)
- bearColorInput: Color of the table cell for a bearish trend (default=red)
- neutColorInput: Color of the table cell for a neutral trend (default=white)
- neutColorLabelInput: Color of the label for neutral trend in the table (default=fuchsia)
Usage:
To use this script, simply copy and paste it into the Pine Editor on TradingView. You can then customize the input values to your liking or leave them at their default values. Once you have added the script to your chart, you can view the EMAs, MACD, RSI, and trend table on the chart. The trend table provides a quick way to assess the current trend of the market at a glance.
LowFinder_PyraMider_V2This strategy is a result of an exploration to experiment with other ways to detect lows / dips in the price movement, to try out alternative ways to exit and stop positions and a dive into risk management. It uses a combination of different indicators to detect and filter the potential lows and opens multiple positions to spread the risk and opportunities for unrealized losses or profits. This script combines code developed by fellow Tradingview community_members.
LowFinder
The lows in the price movement are detected by the Low finder script by RafaelZioni . It finds the potential lows based on the difference between RSI and EMA RSI. The MTF RSI formula is part of the MTFindicators library developed by Peter_O and is integrated in the Low finder code to give the option to use the RSI of higher timeframes. The sensitivity of the LowFinder is controlled by the MA length. When potential lows are detected, a Moving Average, a MTF Stochastic (based the the MTFindiicators by Peter_O) and the average price level filter out the weak lows. In the settings the minimal percentage needed for a low to be detected below the average price can be specified.
Order Sizing and Pyramiding
Pyramiding, or spreading multiple positions, is at the heart of this strategy and what makes it so powerful. The order size is calculated based on the max number of orders and portfolio percentage specified in the input settings. There are two order size modes. The ‘base’ mode uses the same base quantity for each order it opens, the ‘multiply’ mode multiplies the quantity with each order number. For example, when Long 3 is opened, the quantity is multiplied by 3. So, the more orders the bigger the consecutive order sizes. When using ‘multiply’ mode the sizes of the first orders are considerably lower to make up for the later bigger order sizes. There is an option to manually set a fixed order size but use this with caution as it bypasses all the risk calculations.
Stop Level, Take Profit, Trailing Stop
The one indicator that controls the exits is the Stop Level. When close crosses over the Stop Level, the complete position is closed and all orders are exited. The Stop Level is calculated based on the highest high given a specified candle lookback (settings). There is an option to deviate above this level with a specified percentage to tweak for better results. You can activate a Take Profit / Trailing Stop. When activated and close crosses the specified percentage, the Stop Level logic changes to a trailing stop to gain more profits. Another option is to use the percentage as a take profit, either when the stop level crosses over the take profit or close. With this option active, you can make this strategy more conservative. It is active by default.
And finally there is an option to Take Profit per open order. If hit, the separate orders close. In the current settings this option is not used as the percentage is 10%.
Stop Loss
I published an earlier version of this script a couple of weeks ago, but it got hidden by the moderators. Looking back, it makes sense because I didn’t pay any attention to risk management and save order sizing. This resulted in unrealistic results. So, in this script update I added a Stop Loss option. There are two modes. The ‘average price’ mode calculates the stop loss level based on a given percentage below the average price of the total position. The ‘equity’ mode calculates the stop loss level based on a given percentage of your equity you want to lose. By default, the ‘equity’ mode is active. By tweaking the percentage of the portfolio size and the stop loss equity mode, you can achieve a quite low risk strategy set up.
Variables in comments
To sent alerts to my exchange I use a webhook server. This works with a sending the information in the form of a comment. To be able to send messages with different quantities, a variable is added to the comment. This makes it possible to open different positions on the exchange with increasing quantities. To test this the quantities are printed in the comment and the quantities are switched off in the style settings.
This code is a result of a study and not intended for use as a worked out and full functioning strategy. Use it at your own risk. To make the code understandable for users that are not so much introduced into pine script (like me), every step in the code is commented to explain what it does. Hopefully it helps.
Enjoy!
VWAP+15EMA with RSIVWAP+EMA+RSI Strategy for the group MelléCasH
This strategy will enter a long position when the closing price is above both the VWAP and the 15 EMA, and the RSI is above the specified overbought level. It will exit the position when the price falls by the specified stop loss percentage, rises by the specified take profit percentage, or when the trailing stop loss (which trails the highest price achieved after the position was entered by the specified percentage) is hit. The VWAP, EMA, and RSI indicators are also plotted on the chart for reference.
Simple Chop ZoneThe original Chop Zone indicator by Trading View is good, but has a few limitations which I've addressed in this one
Too many colors which confuse and/or overwhelm users like me
Inability to change the EMA period
This one has just 3 customizable colors for
Uptrend - default = Turquoise
Downtrend - default = red
Everything else - default = lime
And you can set your own EMA length. The default is 34 as per the original Chop Zone indicator
