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HMA + RSI / Owl of ProfitHMA + RSI Strategy This strategy combines the Hull Moving Average (HMA) and the Relative Strength Index (RSI) to identify potential trade opportunities based on trend direction and momentum. Features: HMA Calculation: Length: 50 (default). HMA is plotted as a blue line on the price chart to indicate trend direction. RSI Calculation: Length: 14 (default). Overbought Level: 70. Oversold Level: 30. RSI is plotted in purple with horizontal lines for overbought and oversold levels. Entry and Exit Logic: Long Condition: Triggered when the price is above HMA, and RSI crosses above the oversold level (30). Short Condition: Triggered when the price is below HMA, and RSI crosses below the overbought level (70). Exit Logic: Long positions exit when RSI crosses below the overbought level or when the price drops below HMA. Short positions exit when RSI crosses above the oversold level or when the price rises above HMA. Customization Options: Adjust HMA and RSI lengths, as well as RSI levels for overbought and oversold conditions, to suit different market conditions. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
FVG Oscillator (OmegaTools) / Owl of Profit remakeFVG Oscillator (OmegaTools) Big thanks to OmegaTools for providing this strategy and making it available under the Mozilla Public License 2.0! This Pine Script™ code is subject to the terms of the license at mozilla.org This strategy leverages Fair Value Gaps (FVG) to detect potential bullish and bearish trading opportunities, combining price gaps and volume analysis for precision. Features: FVG Detection: Bullish FVG (BFVG): Identifies price gaps with upward momentum. Bearish FVG (SFVG): Identifies price gaps with downward momentum. Additional Conditions: Requires confirmation via volume or significant gap size. Dynamic Count: Tracks bullish and bearish FVG counts over a customizable 50-bar lookback period. Normalized Gap Values: Displays weighted bullish and bearish FVG patterns for better visualization. Entry and Exit Logic: Buy Signal: Triggered when a bullish FVG meets verification criteria (volume or significant gap). Sell Signal: Triggered when a bearish FVG meets verification criteria. Automatic position management ensures existing positions are closed before entering new ones. Visualization: Plots bullish and bearish FVG counts and highlights areas above and below zero. Displays normalized gap widths as histograms for both long and short patterns. This strategy provides a robust framework for detecting and trading fair value gaps, making it ideal for traders seeking a gap-based methodology. Use it for backtesting or customize it further for your trading style. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
Fractals 14 / Owl of ProfitFractals Strategy (14 Bars) This strategy leverages Fractal Indicators to detect potential trend reversals based on price extremes over a 14-bar window. Features: Fractal Calculation: Fractals Up: Identifies the highest high within the last 15 bars. Fractals Down: Identifies the lowest low within the last 15 bars. Entry and Exit Logic: Buy Signal: Triggered when a fractal up is detected, signaling a potential upward reversal. Sell Signal: Triggered when a fractal down is detected, signaling a potential downward reversal. Exits are based on the appearance of an opposing fractal, ensuring timely trade closures. Customization Options: The 14-bar calculation window can be adjusted for different trading instruments and timeframes. Visualization: Fractals are plotted directly on the chart, helping traders easily spot reversal zones and refine their entries and exits. This strategy is optimized for quick market reactions and is ideal for those seeking clear and straightforward reversal signals. Use it for backtesting and further adaptation to your preferred trading style. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
BuyTheDips Trade on Trend and Fixed TP/SL This strategy is designed to trade in the direction of the trend using exponential moving average (EMA) crossovers as signals while employing fixed percentages for take profit (TP) and stop loss (SL) to manage risk and reward. It is suitable for both scalping and swing trading on any timeframe, with its default settings optimized for short-term price movements. How It Works EMA Crossovers: The strategy uses two EMAs: a fast EMA (shorter period) and a slow EMA (longer period). A buy signal is triggered when the fast EMA crosses above the slow EMA, indicating a potential bullish trend. A sell signal is triggered when the fast EMA crosses below the slow EMA, signaling a bearish trend. Trend Filtering: To improve signal reliability, the strategy only takes trades in the direction of the overall trend: Long trades are executed only when the fast EMA is above the slow EMA (bullish trend). Short trades are executed only when the fast EMA is below the slow EMA (bearish trend). This filtering ensures trades are aligned with the prevailing market direction, reducing false signals. Risk Management (Fixed TP/SL): The strategy uses fixed percentages for take profit and stop loss: Take Profit: A percentage above the entry price for long trades (or below for short trades). Stop Loss: A percentage below the entry price for long trades (or above for short trades). These percentages can be customized to balance risk and reward according to your trading style. For example: If the take profit is set to 2% and the stop loss to 1%, the strategy operates with a 2:1 risk-reward ratio. BINANCE:BTCUSDT
Pine Script™ stratejisi
reject6 tarafından
Breakout with Volume and RSI FilterCommon Causes of the Error Unintended Line Breaks: Pine Script does not allow line breaks in the middle of a statement unless properly formatted. Missing Parentheses or Brackets: Ensure all (, ), , {, and } are properly closed. Improper Use of Commas: Ensure commas are used correctly in function arguments and arrays. Unclosed Strings: Ensure all strings are properly closed with double quotes ("). Fixed Pine Script Code Here’s the corrected version of the Pine Script code, ensuring no unintended line breaks or syntax errors:
Pine Script™ indikatörü
a13z tarafından
Bearish Wick Reversal█ STRATEGY OVERVIEW The "Bearish Wick Reversal Strategy" identifies potential bullish reversals following significant bearish price rejection (long lower wicks). This counter-trend approach enters long positions when bearish candles show exaggerated downside wicks relative to closing prices, then exits on bullish confirmation signals. Includes optional EMA trend filtering for improved reliability. █ What is a Bearish Wick? A price rejection pattern where: Bearish candle (close < open) forms with extended lower wick Wick represents failed selloff: Low drops significantly below close Measured as: (Low - Close)/Close × 100 (Negative percentage indicates downward extension) █ SIGNAL GENERATION 1. LONG ENTRY CONDITION Bearish candle forms with close < open Lower wick exceeds user-defined threshold (Default: -1% of close price) The signal occurs within the specified time window If enabled, the close price must also be above the 200-period EMA (Exponential Moving Average) 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the highest high of the previous seven bars (`close > _highest `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ PERFORMANCE OVERVIEW Ideal Market: Volatile instruments with frequent price rejections Key Risk: False signals in sustained bearish trends Optimization Tip: Test various thresholds Filter Impact: EMA reduces trades but improves win rate and reduces drawdown
Pine Script™ stratejisi
Botnet101 tarafından
Fibonacci Retracement + Pivot Points + RSI / Owl of ProfitFibonacci Retracement + Pivot Points + RSI Strategy This strategy combines Fibonacci Retracement, Pivot Points, and the Relative Strength Index (RSI) to identify key support/resistance levels, overbought/oversold conditions, and potential trade opportunities. Features: Fibonacci Retracement Levels: Key levels (38.2%, 50%, 61.8%) are plotted to identify potential support and resistance zones. Helps traders determine possible reversal or bounce points. Pivot Points: Automatically detects swing highs and lows on the chart. Assists in locating key levels for entry or exit. Relative Strength Index (RSI): Identifies overbought (above 70) and oversold (below 30) conditions. Provides additional confirmation for trades. Entry and Exit Conditions: Buy Signal: Triggered when the price bounces from a Fibonacci retracement level and RSI is below 30 (oversold). Sell Signal: Triggered when the price rejects a Fibonacci retracement level and RSI is above 70 (overbought). Customization Options: Adjust Fibonacci levels, pivot point sensitivity, and RSI thresholds to suit different markets and trading styles. Visualization: Fibonacci retracement levels and pivot points are displayed directly on the chart. RSI is plotted in a separate panel, with overbought/oversold levels clearly marked. This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
EMA 9 a 21 + Stochastic RSI / Owl of ProfitEMA 9/21 + Stoch RSI Strategy This strategy combines Exponential Moving Averages (EMA) with Stochastic RSI to identify high-probability trading opportunities by analyzing both trend direction and overbought/oversold conditions. Features: Exponential Moving Averages (EMA): Tracks short-term (9-period) and mid-term (21-period) trends. Crossover signals are used to determine bullish and bearish trends. Stochastic RSI: Identifies overbought and oversold market conditions. Adds a layer of confirmation to EMA crossovers, improving signal quality. Entry and Exit Conditions: Long Entry: Triggered when EMA 9 crosses above EMA 21 (bullish crossover) and Stochastic RSI is below the oversold threshold (default: 20). Short Entry: Triggered when EMA 9 crosses below EMA 21 (bearish crossover) and Stochastic RSI is above the overbought threshold (default: 80). Positions are closed when the opposite signal occurs. Customization Options: Adjust EMA and Stochastic RSI lengths to suit your trading preferences. Modify overbought and oversold levels for different market conditions. Visualization: Plots EMA 9 and EMA 21 directly on the price chart for trend analysis. Displays Stochastic RSI in a separate panel for clear visualization of overbought/oversold zones. This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
EMA 9/21 + ATR Stop-Loss / Owl of ProfitEMA 9/21 + ATR SL Strategy This strategy combines Exponential Moving Averages (EMA) with a Stop-Loss based on the Average True Range (ATR) to create a robust trend-following system with volatility-based risk management. Features: Exponential Moving Averages (EMA): Tracks short-term (9-period) and mid-term (21-period) trends. Crossover signals indicate bullish or bearish trends for trade entries. Average True Range (ATR): Dynamically calculates Stop-Loss levels based on market volatility. Protects trades by adapting to changing market conditions. Entry and Exit Conditions: Long Entry: Triggered when EMA 9 crosses above EMA 21 (bullish crossover). Short Entry: Triggered when EMA 9 crosses below EMA 21 (bearish crossover). Positions are exited when the Stop-Loss level, calculated using ATR, is hit. Customization Options: Adjust the periods for EMA and ATR to suit different trading styles or markets. Modify the ATR multiplier for tighter or looser Stop-Loss levels. Visualization: EMA 9 and EMA 21 are plotted directly on the price chart for clear trend identification. ATR-based Stop-Loss levels are dynamically calculated for each trade. This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
EMA 9 + EMA 21 / Owl of ProfitEMA 9 + EMA 21 Strategy This simple yet effective strategy uses the Exponential Moving Average (EMA) crossover method to identify trend reversals and generate buy and sell signals. Features: Exponential Moving Averages (EMA): Tracks short-term (9-period) and mid-term (21-period) trends. Crossover signals are used to determine potential entry and exit points. Entry and Exit Conditions: Long Entry: Triggered when EMA 9 crosses above EMA 21 (bullish crossover). Short Entry: Triggered when EMA 9 crosses below EMA 21 (bearish crossover). Positions are closed immediately when an opposite crossover occurs. Customization Options: Easily adjust the periods of EMA to suit different trading styles or asset classes. Visualization: Both EMAs are plotted directly on the price chart for clear trend identification. Long and short signals are executed based on crossover events. This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
7 Indicator Bottom and Top finder The script is a trading indicator for the TradingView platform designed to generate and visualise buy and sell signals based on various technical indicators. It utilises short periods and smoothes data to achieve high sensitivity to volatile markets. The functionality, application and use of the script are explained below: 1. how it works The script combines several technical indicators to create a summarised signal for buy and sell decisions. It includes: a. Calculation of the indicators: BBTrend: Determines the difference between two moving averages (shorter and longer period). VMC (RSI): Uses the Relative Strength Index (RSI) for trend evaluation. SMI (Stochastic Momentum Index): Measures the difference in current and previous prices. RSI: A classic momentum indicator. OBV RSI: Combines the On-Balance Volume indicator with the RSI. SQMOM_LB (Squared Momentum): Measures the speed of price changes. MACD: Utilises the difference between fast and slow moving averages and their signal. b. Generation of signals: Each indicator provides an individual signal based on set thresholds: Each indicator provides an individual signal based on defined threshold values: 1: Signal for buy (strongly positive). -1: Sell signal (strongly negative). 0: No signal (neutral). c. Signal evaluation and aggregation: All signals are totalled to calculate a strength for buy and sell signals. The stronger signal (buy or sell) is prioritised, smoothed and limited to a maximum signal value. d. Identification of extremes (tops and bottoms): Extrema detection uses dynamic thresholds that depend on market volatility. Peaks (tops) and troughs (bottoms) are marked, signalling potential turning points in the market. e. Visualisation: A histogram shows the strength of buy and sell signals (green for buy, red for sell). Circles mark tops and bottoms in the chart. Threshold lines (upper and lower limits) and a centre line help with interpretation. 2. application The script is used as follows: Installation: Copy the code into a new indicator in the TradingView environment. Add the indicator to a chart. Customisation of parameters: Users can customise the input values (input) to suit their trading strategy and market conditions, e.g. indicator length, thresholds and smoothing parameters. Signal interpretation: Green bars: Strong buying opportunity. Red bars: Strong selling opportunity. Circles: Potential reversal points (top/bottom). Optimisation: The indicator can be fine-tuned by adjusting the periods (shorter for volatile markets) and threshold values. 3. use Short-term trading: The indicators' short periods and high sensitivity are ideal for volatile markets and short-term strategies. Recognising market turns: Extrema detection helps to find potential tops and bottoms. Evaluate signal strength: The histogram allows you to visually assess the signal strength. Note: This indicator should not be used alone, but in combination with other analysis methods, such as fundamental analysis or additional technical analysis. Summary The ‘Volatile and Optimised Multi-Signal Evaluator’ script combines several indicators in a flexible and sensitive tool that identifies buy and sell signals as well as market reversal points in volatile environments. It offers the user a variety of customisation options and a clear visual representation of market dynamics.
Pine Script™ indikatörü
nasdachs tarafından
EMA12 + EMA26 + MACD + RSI / Owl of ProfitEMA 12 + EMA 26 + MACD + RSI Strategy This strategy combines Exponential Moving Averages (EMA), MACD, and RSI to identify high-probability trading opportunities. It uses trend, momentum, and overbought/oversold conditions to refine entry and exit points. Features: Exponential Moving Averages (EMA): Tracks short-term (12-period) and long-term (26-period) trends for crossover signals. MACD Indicator: Confirms trend strength and momentum using the MACD line and Signal line crossover. Includes a histogram for visualizing bullish or bearish momentum. RSI (Relative Strength Index): Identifies overbought and oversold conditions to avoid entering trades in extreme zones. Entry Conditions: Long Entry: Triggered when EMA12 crosses above EMA26, MACD crosses above the Signal line, and RSI is below 70. Sell Exit: Triggered when EMA12 crosses below EMA26, MACD crosses below the Signal line, and RSI is above 30. Customization Options: Modify lengths for EMA, MACD, and RSI to suit your trading preferences. Visualization: Plots EMA12 and EMA26 on the price chart for trend identification. Displays MACD histogram and RSI in separate panels for momentum and strength analysis. Entry and exit signals are clearly marked on the chart. This strategy is designed for educational and testing purposes. Use it as a foundation for backtesting and adapting to your trading style. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
EMA 12 + EMA 26 + MACD / Owl of ProfitEMA 12 + EMA 26 + MACD Strategy This strategy combines Exponential Moving Averages (EMA) with the MACD indicator to identify bullish and bearish market trends. It includes dynamic stop-loss and take-profit levels for risk management. Features: Exponential Moving Averages (EMA): Tracks short-term and long-term trends using 12-period and 26-period EMAs. Provides clear crossover signals for trend direction. MACD Indicator: Analyzes momentum and confirms entry signals using the MACD line and Signal line crossover. Includes a histogram for visualizing bullish and bearish momentum. Entry Conditions: Long Entry: Triggered when the short EMA crosses above the long EMA and MACD is above the Signal line. Short Entry: Triggered when the short EMA crosses below the long EMA and MACD is below the Signal line. Exit Conditions: Dynamic Stop-Loss and Take-Profit levels based on user-defined percentages. Positions are also closed when the EMA or MACD signals reverse. Customization Options: Adjust EMA lengths for sensitivity to trends. Modify MACD settings (fast, slow, and signal periods). Set Stop-Loss and Take-Profit percentages for risk and reward management. Visualization: Plots short and long EMAs directly on the chart for easy trend identification. Includes MACD and Signal line with a histogram in a separate panel for momentum analysis. Entry and exit signals are clearly marked on the chart. This strategy is designed for educational and testing purposes. Use it as a foundation for backtesting and adapting to your trading style. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
Price & P/E Regression with Mean Reversion Zones (6 Years)This indicator is designed to analyze the relationship between a stock's price and its price-to-earnings (P/E) ratio relative to their respective regression trends over a six-year period. Based on research, the indicator highlights mean reversion zones—areas where price and P/E deviate significantly from their historical averages. These zones signal potential overvaluation or undervaluation, providing insights into whether a stock is trading above or below its fair value. By incorporating regression analysis, the tool identifies long-term price and valuation trends, while mean reversion dynamics help anticipate possible corrections or continuations. This approach combines price momentum, valuation insights, and historical behavior to inform both short-term trading opportunities and long-term investment decisions.
Pine Script™ indikatörü
Zamara888 tarafından
Donchian Channels + Volume Strategy / Owl of ProfitDonchian Channels + Volume Strategy This strategy combines Donchian Channels with Volume analysis to identify potential breakout opportunities and confirm them with volume strength. It is designed to capture trend reversals and breakouts based on price action and volume dynamics. Features: Donchian Channels: Tracks the highest high and lowest low over a customizable period. Provides dynamic support and resistance levels for breakout identification. Volume Confirmation: Uses a Volume SMA to validate breakout signals by ensuring above-average volume. Entry Conditions: Long: Triggered when the price crosses above the previous upper Donchian Channel, with volume greater than the average. Short: Triggered when the price crosses below the previous lower Donchian Channel, with volume greater than the average. Exit Conditions: Long Exit: Triggered when the price crosses below the current lower Donchian Channel. Short Exit: Triggered when the price crosses above the current upper Donchian Channel. Customization Options: Adjust the Donchian Channel period for breakout sensitivity. Modify the Volume SMA period to fine-tune volume confirmation. Visualization: Dynamic Donchian Channels plotted with shaded areas for better zone visibility. Visual markers for entry and exit signals directly on the chart. This strategy is designed for educational and testing purposes. Use it as a foundation for backtesting and adapting to your trading style. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
Gap Down Reversal Strategy█ STRATEGY OVERVIEW The "Gap Down Reversal Strategy" capitalizes on price recovery patterns following bearish gap-down openings. This mean-reversion approach enters long positions on confirmed intraday recoveries and exits when prices breach previous session highs. This strategy is NOT optimized. █ What is a Gap Down Reversal? A gap down reversal occurs when: An instrument opens significantly below its prior session's low (price gap) Selling pressure exhausts itself during the session Buyers regain control, pushing price back above the opening level Creates a candlestick with: • Open < Prior Session Low (true gap) • Close > Open (bullish reversal candle) █ SIGNAL GENERATION 1. LONG ENTRY CONDITION Previous candle closes BELOW its opening price (bearish candle) Current session opens BELOW prior candle's low (gap down) Current candle closes ABOVE its opening price (bullish reversal) Executes market order at session close 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the highest high of the previous seven bars (`close > _highest `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ PERFORMANCE OVERVIEW Ideal Market: High volatility instruments with frequent gaps Key Risk: False reversals in sustained downtrends Optimization Tip: Test varying gap thresholds (1-3% ranges)
Pine Script™ stratejisi
Botnet101 tarafından
D Vortex / Owl of ProfitVortex Strategy with Signals This strategy uses the Vortex Indicator (VI) to identify bullish and bearish trend reversals. It visualizes clear buy and sell signals based on the crossover of VI+ and VI- lines. Features: Vortex Indicator Calculation: Calculates VI+ and VI- using smoothed values of directional movement and true range. Identifies directional trends based on the relationship between VI+ and VI-. Entry Conditions: Long: Triggered when VI+ crosses above VI- (bullish crossover). Short: Triggered when VI+ crosses below VI- (bearish crossover). Visualization: Plots VI+ (green) and VI- (red) for trend analysis. Buy and sell signals are marked with clear labels on the chart (green for "BUY" and red for "SELL"). Customization Options: Adjust the Vortex period for sensitivity to market trends. This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
Consolidation Zone (LonesomeTheBlue) / Owl of Profit remakeConsolidation Zones - Live (LonesomeTheBlue) This strategy, created by LonesomeTheBlue, identifies consolidation zones on the chart and detects potential breakout opportunities. It uses pivots and price ranges to define areas of consolidation and generates alerts when price breaks above or below these zones. Special thanks to LonesomeTheBlue for the inspiration! License: This code is licensed under the Mozilla Public License 2.0 More details at: mozilla.org Features: Consolidation Zone Detection: Identifies areas of price consolidation based on pivot highs and lows. Dynamically updates consolidation zones with upper and lower boundaries. Breakout Alerts: Detects breakouts when the price moves outside the consolidation zone. Alerts for both Breakout Up and Breakout Down scenarios. Customization Options: Adjust the Loopback Period for pivot detection. Define the minimum number of candles for consolidation. Enable/disable zone shading with customizable colors. Entry Conditions: Long: Triggered when price breaks above the consolidation zone. Short: Triggered when price breaks below the consolidation zone. Visualization: Upper and lower zone boundaries plotted with dashed lines. Optional zone fill for easier identification of consolidation areas. This strategy is designed for educational and testing purposes. Use it as a foundation for backtesting and adapting to your trading style. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
CCI / Owl of ProfitCCI Strategy Example This strategy uses the Commodity Channel Index (CCI) to identify potential long and short trading opportunities. It features customizable smoothing options and optional Bollinger Bands for added precision. Features: CCI Calculation: CCI is calculated using the source (default: HLC3) with customizable period length. Plots CCI values along with key levels (+100, -100, and 0) to identify overbought/oversold conditions. Smoothing Options: Includes various moving average types: SMA, EMA, SMMA (RMA), WMA, and VWMA. Optionally applies Bollinger Bands to the smoothed CCI values for dynamic overbought/oversold levels. Entry Conditions: Long: Triggered when CCI crosses above -100. Short: Triggered when CCI crosses above +100. Customization Options: Adjust CCI length and source (e.g., close, hlc3). Select MA type and length for smoothing. Enable Bollinger Bands with customizable standard deviation multiplier. Visualization: Clear CCI plot with shaded background for oversold and overbought zones. Optional smoothed CCI with Bollinger Bands for advanced analysis. This strategy is designed for educational and testing purposes. Use it as a foundation for backtesting and adapting to your trading needs. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından
Chande Momentum Oscillator + BB / Owl of ProfitChande Momentum Oscillator + Bollinger Bands Strategy This strategy combines the Chande Momentum Oscillator (CMO) with Bollinger Bands to identify overbought and oversold conditions and generate entry and exit signals based on price action and momentum. Features: Bollinger Bands: Visualize volatility and identify price breakouts using customizable period and standard deviation. Signals are triggered when the price crosses above or below the Bollinger Bands. Chande Momentum Oscillator (CMO): Detects momentum with a customizable length. Confirms overbought or oversold conditions with upper and lower thresholds. Entry Conditions: Long: Price crosses below the lower Bollinger Band, and CMO is below the oversold level. Short: Price crosses above the upper Bollinger Band, and CMO is above the overbought level. Exit Conditions: Long Exit: Price crosses above the Bollinger Basis or CMO enters overbought. Short Exit: Price crosses below the Bollinger Basis or CMO enters oversold. Customization Options: Adjust Bollinger Bands length and standard deviation for sensitivity. Modify CMO length and thresholds to refine momentum detection. Visualization: Bollinger Bands are shaded for clear identification of overbought and oversold zones. CMO and its thresholds are plotted for easy reference. This strategy is designed for educational and testing purposes. Use it as a foundation for backtesting and adapting to your trading approach. Visit my website for more tools and strategies: bybitindicators.com Happy trading!
Pine Script™ stratejisi
Owl_of_Profit tarafından