ATR SLHi traders,
As you know, ATR trailing stop is very popular indicator. So I decided to make my own one.
The logic is simple.
If the price is above the RMA(src,len), then put a SL at OPEN - ATR value of that time period
otherwise, put a SL at OPEN + ATR value of that time period.
Stay safe ^^
Komut dosyalarını "Trailing stop" için ara
RedK_9/30 Trader_v1: aka The MusicianThis is my implementation of a simple trading system inspired by the 9/30 trading strategy, which i came across few years ago. i hope some traders are still using it :)
(please google "9/30 trading strategy" if you're not sure what it is)
- the improvements i added focus on: faster (long/short) signals, discovery of best entry "zone", ride the trend
- no exit option, trader can use a pre-set target, a trailing stop, or any other mechanisms
- i tried to explain some of the definitions and rules on the below chart
- in spite if its simplicity, the 9/30 has a lot to offer - different traders will also use it differently and add their own "do's and don't's"
default settings should be adjusted to suit timeframe, type of trader and what is being traded (Stocks, FOREX,..etc) - the concept itself is very flexible and well-tested for mechanical trading.
code-named "The Musician" due to the 5-line plot :)
i will continue to improve this work whenever i find time - i liked it a lot.. (please tag the idea to receive the updates)
Extras and improvements (compared to the classic 9/30 concept)
---------------------------------------------------------------------------------
* signal line is a smoothed zero-lag WMA of a shorter length (responds faster to trend change = faster signal)
* instead of a single longer MA line, we utilize an "average range" -based channel (not ATR, but provides the same concept) to provide the ideal "entry zones" in both directions - an adjustable multiplier is included in the settings to adjust the channel width
* adds an optional long EMA as additional filter (take longs only above, take shorts only below)
* clearer visualization
What's next:
==============
* clean-up code
* add signals (arrow-up & arrow-dn) for entry and for exit
* tri-color signal line (green on long, red on short, gray on no trade)
* other options for the channel (ATR-based, DC center-line..etc)
* other MA-type options for the Filter MA (SMA, WMA ?)
* maybe: convert to strategy and back-test
Please feel free to explore and test - Comments and feedback are welcome.
Good Luck!
Multiple EMAAn exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average (SMA), which applies an equal weight to all observations in the period.
The EMA is a moving average that places a greater weight and significance on the most recent data points.
Like all moving averages, this technical indicator is used to produce buy and sell signals based on crossovers and divergences from the historical average.
Traders often use several different EMA lengths, such as 10-day, 50-day, and 200-day moving averages.
Points to remember:
Exponential moving averages are more sensitive to the recent price
EMA can signal good trades, but it can also keep you out of bad trades
EMA offers dynamic support and resistance levels, which is good for trailing Stop Loss
The EMA slope shape has hidden secrets
The rules for the EMA trading strategy can be modified to fit your own trading needs. We don’t claim this to be hard rules, but they are good on their own to make for a great trading strategy. Make sure you first test out the EMA strategy on a paper trading account before you risk any of your hard-earned money
Gann HiLo Activator [CC]The HiLo Activator was created by W.D. Gann and I was surprised to not see more of his technical indicators on here. I will start adding more of his indicators on here if I get more interest. This is the original version of the indicator that performs like a trailing stop that also works well as a trend line. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you want me to publish!
Bollinger Blast Buy Unholy GrailThis strategy copy the Nick Radge's trading ideas for a profitable systems. He mentions a Bollinger Band idea which is also published in his book Unholy Grails. Nick says:
he strategy that we did test and showed very promising results was an entry using a Bollinger band and an exit using the opposite Bollinger band, but we use 3 standard deviations for the entry and 1 standard deviation for the exit, just to keep the trailing stop a little bit tighter.”
Entry: Buy on the Open the day after a stock closes above the top Bollinger Band
Exit: Exit on the Open the day after a stock closes below the lower Bollinger Band
Results tested on Nasdaq market are very good and better than simply buy& hold
KJ MagicTrend Magic consists of two main calculation parts as momentum and volatility:
First part is ATR based (like ATR Trailing Stop) logic, second part is all about CCI which also determines the color of Trend Magic.
Blue: when CCI is positive
Red: when CCI is negative
Also added alert condition regarding price crosses :
when LOW CrossesAbove TM
and HIGH CrossesBelow TM
OS HiLo TrackingIndicator plots a dynamic horizontal line for tracking the highest high and/or lowest low in your desired time-period.
You can select both the period, and whether an alert is produced when the price crosses the last highest high or lowest low.
When used when other Williams indicators, this can help you set your trailing stop for profit-taking.
Reversal with Bollinger Bands + RSI + ADX + ATR (Upgraded)Hi,
Welcome to my 4th script.
Someone asked me some questions about the Bollinger Band strategy I previously published. When I went back to my published script I couldn't help myself but simply try and make it better. Which I did.
Since I've published that script, I've gained much more knowledge about how Pinescript functions. As well as gaining more and more knowledge about how the markets are structered etc.
In this reversal script we use 4 indicators to determine good entry signals, we determine whether the market is ranging or trending and we still only want to take trades in the direction of the "trend".
Bollinger Bands are used for our entry signal. When price hits either side of the band, we wait for a reverse candlestick before we enter a position.
RSI is used to determine if we're in a trending market or in a ranging market. You can adjust the values in the inputs. You can determine the minimum RSI value and the maximum RSI value.
ADX is used the same way as RSI, you can adjust the value in the inputs. You can determine the minimum ADX value.
Last but not least we use two EMA's, a 200 EMA and 100 EMA. Both are adjustable through the inputs. I used two EMA's because I noticed when using this strategy that we'd enter a new position often after having a bad trade. Using two EMA's might clean up some signals, in my case with EUR/USD on a 15m timeframe, it didn't clean up enough signals.
All the default values are pretty decent but might require some finetuning on a certain instrument. Don't overfit the strategy though, that'll only give you bad signals in the future.
Then we are off to our exit signals.
Initially I wanted to incorporate my previous Bollinger Band exit signals as well, but it was too much of a hassle to make the script work as intended so I left it out. If you want to use those exit signals, just find my other script.
When we're in a position and price crosses the opposite band, we wait for a reverse candlestick before we exit the position.
Additionally we want our losses to be as small as possible, so we use RSI to signal us when the market is, or starts to, trend against us. This is where you use the minimum and maximum exit values. So when RSI crosses over or under that value, it'll exit the position.
Furthermore, we use the ATR indicator to set our stop loss, which is pretty basic stuff. You can adjust the ATR multiplier in the inputs. Disabling "Use Trailing Stop?" is really inadvisable unless you know this script inside out as your only exit signals will be opposite Bollinger Band Cross and RSI overbought / oversold areas.
[KL] Bollinger Bands Consolidation StrategyThis strategy will enter into long position based on the volatility of prices implied by indicators of (a) Bollinger bands, and (b) ATR.
Application of Bollinger bands ("BOLL")
Using plain vanilla settings for BOLL (i.e. 20 period moving average, and 2 standard deviations of closing prices), we are interested to know about the shape of the area that is bounded by the upper and lower bands.
In theory, consolidation happens when volatility of price decreases. Visually speaking, this is represented by the narrowing of the upper/lower bands. This strategy considers the narrowing of BOLL bands as the primary indicator for long-entry.
Application of ATRs (as confirmations)
Firstly, to confirm that BOLL bands are narrowing (as mentioned above), the ATR at a potential point of entry is compared against the standard deviation of prices over BOLL's lookback periods. Once again, visualizing the shape of BOLL bands during consolidation, we assume the lines begin to squeeze when the distance between the center line and upper/lower band is less than two current ATRs.
Secondly, this strategy looks into the moving average of ATRs to assure that prices are not too choppy when entering into market. If the moving average of ATR decreases at a point in time such that all the above conditions are met, then we can assert that the volatility of price is decreasing.
Thirdly, ATR is used for determining the size of our trailing stop loss. We will keep the multiplier fixed at two.
[KL] RSI 14 + 10 StrategyThis strategy uses RSI14 for entry and exit signals; applies RSI10 for confirmation. The thresholds can adjusted in Settings.
Trailing stop can also be applied if wanted.
Tested on daily/hourly charts.
Delta-RSI Strategy (with filters)Delta-RSI Strategy (with filters):
This is a version of the Delta-RSI Oscillator strategy with several criteria available to filter entry and exit signals. This script is also suitable for backtesting over a user-defined period and offers several risk management options (take profit and stop loss).
Since the publication of the Delta-RSI Oscillator script, I have been asked many times to make it compatible with the Strategy Tester and add filtering criteria to minimize "false" signals. This version covers many of these requests. Feel free to insert your favorite D-RSI parameters and play around!
ABOUT DELTA-RSI
Delta-RSI represents a smoothed time derivative of the RSI designed as a momentum indicator (see links below):
INPUT DESCTIPTION
MODEL PARAMETERS
Polynomial Order : The order of local polynomial used to interpolate the relative strength index (RSI).
Length : The length of the lookback frame where local regression is applied.
RSI Length : The timeframe of RSI used as input.
Signal Length : The signal line is a EMA of the D-RSI time series. This input parameter defines the EMA length.
ALLOWED ENTRIES
The strategy can include long entries, short entries or both.
ENTRY AND EXIT CONDITIONS
Zero-crossing : bullish trade signal triggered when D-RSI crosses zero from negative to positive values (bearish otherwise)
Signal Line Crossing : bullish trade signal triggered when D-RSI crosses from below to above the signal line (bearish otherwise)
Direction Change : bullish trade signal triggered when D-RSI was negative and starts ascending (bearish otherwise)
APPLY FILTERS TO
The filters (described below) can be applied to long entry, short entry and exit signals.
RELATIVE VOLUME FILTER
When activated, the D-RSI-driven entries and exits will be triggered only if the current volume is greater than N times the average over the last M bars.
VOLATILITY FILTER
When activated, the D-RSI-driven entries and exits will be triggered only if the N-period average true range, ATR, is greater than the M-period ATR. If N < M, this condition implies increasing volatility.
OVERBOUGHT/OVERSOLD FILTER
When activated, the D-RSI-driven entries and exits will be triggered only if the value of 14-period RSI is in the range between N and M.
STOP LOSS/TAKE PROFIT
Fixed and trailing stop loss as well as take profit options are available.
FIXED BACKTESTING START/END DATES
If the checkboxes are not checked, the strategy will backtest all available price bars.
[KL] BOLL + MACD Strategy v2 (published)This strategy will look for opportunities when price touches the lower Bollinger band, then enters Long when it anticipates a MACD crossover signal.
Setup: on 1-day chart interval
Exits when either (a) hitting trailing stop loss, or (b) meeting risk-to-reward, if defined by user.
2Tier Ichimoku Pyramiding [Takazudo]Ichimoku based pyramiding strategy example that was tested on 4h TF.
makes the first entry when 2Tier Kumo breakout was occurred.
makes the extra entries when higher-low (on long) or lower-high (on short) was occurred.
uses short term MACD reversal + stop entry as a confirmation of the trend.
slack trailing stop loss.
changes entry quantity by the percentage of SL.
prevents the ranged entry.
This is just an example of how to trade using Ichimoku signals.
SNAP BACK 2.0 Strategy
This strategy is designed to allow you to catch the bounce or "SNAP Back" of an equity that has been in a trend.
1) Once the moving averages are in the order of 200SMA > 50 SMA > 34EMA > 20SMA > 8EMA (or reverse for and uptrend), the strategy is setup.
2) Next you wait for a trigger of the closing price crossing the 8EMA, while there is a desired gap size between the 8EMA and the 20SMA (2-10% of stock value preferred).
3) Exit position based on target profit reached (conservative sell half at 34EMA and engage a trailing stop loss for remainder or set static limit) or price crosses 8EMA or stop loss%
*)This code also allows you to determine your desired backtesting date compliments of alanaster
This code is the product of many hours of hard work on the part of the greater tradingview community. The credit goes to everyone in the community who has put code out there for the greater good.
The idea for the coding came from a video I watched on YouTube presented by TradeStation called Snap Back - thank you guys for the inspiration.
UPDATE: I have coded the other side of the strategy to allow you to take advantage of the same set-up in an uptrend for Short plays. You can turn the up or downsides on, off, or both.
The main intent is to catch the bounces of a falling stock. However, I have found that you can do the inverse and catch the drops in a rising stock (the latter is not as reliable). This also tends to work better on less volatile stocks. I have included a large volume of user defined conditions and display entry and exit conditions on the chart to see how your choices are impacting the script.
Electrified Aggressive Momentum SignalWhat this can be used for:
If you've already decided you want to trade a symbol, this can identify points of momentum alignment.
If a strong move has recently happened and you're looking for a change in momentum.
How it works:
This is a weighted combination of a Stochastic RSI and two modified SuperTrend (ATR Trailing Stop) indicators:
The Stochastic RSI signal is based upon aligned momentum and is negated at the overbought and oversold points.
The SuperTrend formula uses high and low values for calculation and both fast and slow can be adjusted for sensitivity.
Philosophy:
Signals have to be useful to humans. If a signal occurs to late, you've missed it. The intent of this indicator is to assist in timing a trade at very short time-frames. It assumes your conviction about a trade already exists, but you are trying to get an optimal entry.
Opposing momentum (weak signal) within an uptrend can be a sign that you should wait before entering. The frequency of a signal can indicate the strength of the trend. As the frequency of the aligned signal value decreases so does the reward vs risk.
Local LimitsDisplays recent higher highs, lower highs, lower lows, and higher lows as a collection of local limit indicators.
In its simplicity is a lot more powerful than might appear at first glance.
Does not rely on volatility calculation.
Can be linked together to create an objective view of recent support and resistance levels.
Makes current trends more visible.
Excellent for use as a trailing stop algorithm.
Parameters
Single Bar Sensitivity: True (default) reacts to individual bars. False only responds to the alignment of 2 bars.
Margin (1-5): Adds extra distance from higher lows and lower highs to reduce the sensitivity of broken trends.
Single indicators with configurable sources:
Local Limit Higher
Local Limit Lower
Trend MagicTrend Magic is originally a MT platform (MetaTrader) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. Converted the MT platform code to TradingView Pine version 4. Also you can use Multiple Time Frame.
It also works well with Crypto and Stock Markets.
Trend Magic consists of two main calculation parts as momentum and volatility:
First part is ATR based (like ATR Trailing Stop) logic, second part is all about CCI which also determines the color of Trend Magic.
Blue: when CCI is positive
Red: when CCI is negative
Also added alert condition regarding price crosses :
when LOW CrossesAbove TM
and HIGH CrossesBelow TM
Enjoy
Kıvanç Özbilgiç
VR-MASTThis is a my script for a super simple trading strategy - ZEST.
Identify Zone of Value, Enter on pullback, place proper Stop Loss and set achievable Targets.
So, to identify Zone of Value, I have EMA in my script.
20EMA generally acts as a dynamic Support/Resistance zone.
For Buy Stop Loss, we have 1ATR below Swing Low.
Then, we have SuperTrend for Trailing Stop Loss.
Ultimate Strategy TemplateHello Traders
As most of you know, I'm a member of the PineCoders community and I sometimes take freelance pine coding jobs for TradingView users.
Off the top of my head, users often want to:
- convert an indicator into a strategy, so as to get the backtesting statistics from TradingView
- add alerts to their indicator/strategy
- develop a generic strategy template which can be plugged into (almost) any indicator
My gift for the community today is my Ultimate Strategy Template
Step 1: Create your connector
Adapt your indicator with only 2 lines of code and then connect it to this strategy template.
For doing so:
1) Find in your indicator where are the conditions printing the long/buy and short/sell signals.
2) Create an additional plot as below
I'm giving an example with a Two moving averages cross.
Please replicate the same methodology for your indicator wether it's a MACD, ZigZag, Pivots, higher-highs, lower-lows or whatever indicator with clear buy and sell conditions
//@version=4
study(title='Moving Average Cross', shorttitle='Moving Average Cross', overlay=true, precision=6, max_labels_count=500, max_lines_count=500)
type_ma1 = input(title="MA1 type", defval="SMA", options= )
length_ma1 = input(10, title = " MA1 length", type=input.integer)
type_ma2 = input(title="MA2 type", defval="SMA", options= )
length_ma2 = input(100, title = " MA2 length", type=input.integer)
// MA
f_ma(smoothing, src, length) =>
iff(smoothing == "RMA", rma(src, length),
iff(smoothing == "SMA", sma(src, length),
iff(smoothing == "EMA", ema(src, length), src)))
MA1 = f_ma(type_ma1, close, length_ma1)
MA2 = f_ma(type_ma2, close, length_ma2)
// buy and sell conditions
buy = crossover(MA1, MA2)
sell = crossunder(MA1, MA2)
plot(MA1, color=color_ma1, title="Plot MA1", linewidth=3)
plot(MA2, color=color_ma2, title="Plot MA2", linewidth=3)
plotshape(buy, title='LONG SIGNAL', style=shape.circle, location=location.belowbar, color=color_ma1, size=size.normal)
plotshape(sell, title='SHORT SIGNAL', style=shape.circle, location=location.abovebar, color=color_ma2, size=size.normal)
/////////////////////////// SIGNAL FOR STRATEGY /////////////////////////
Signal = buy ? 1 : sell ? -1 : 0
plot(Signal, title="🔌Connector🔌", transp=100)
Basically, I identified my buy, sell conditions in the code and added this at the bottom of my indicator code
Signal = buy ? 1 : sell ? -1 : 0
plot(Signal, title="🔌Connector🔌", transp=100)
Important Notes
🔥 The Strategy Template expects the value to be exactly 1 for the bullish signal , and -1 for the bearish signal
Now you can connect your indicator to the Strategy Template using the method below or that one
Step 2: Connect the connector
1) Add your updated indicator to a TradingView chart
2) Add the Strategy Template as well to the SAME chart
3) Open the Strategy Template settings and in the Data Source field select your 🔌Connector🔌 (which comes from your indicator)
From then, you should start seeing the signals and plenty of other stuff on your chart
🔥 Note that whenever you'll update your indicator values, the strategy statistics and visual on your chart will update in real-time
Settings
- Color Candles : Color the candles based on the trade state (bullish, bearish, neutral)
- Close positions at market at the end of each session : useful for everything but cryptocurrencies
- Session time ranges : Take the signals from a starting time to an ending time
- Close Direction : Choose to close only the longs, shorts, or both
- Date Filter : Take the signals from a starting date to an ending date
- Set the maximum losing streak length with an input
- Set the maximum winning streak length with an input
- Set the maximum consecutive days with a loss
- Set the maximum drawdown (in % of strategy equity)
- Set the maximum intraday loss in percentage
- Limit the number of trades per day
- Limit the number of trades per week
- Stop-loss: None or Percentage or Trailing Stop Percentage or ATR
- Take-Profit: None or Percentage or ATR
- Risk-Reward based on ATR multiple for the Stop-Loss and Take-Profit
This script is open-source so feel free to use it, and optimize it as you want
Alerts
Maybe you didn't know it but alerts are available on strategy scripts.
I added them in this template - that's cool because:
- if you don't know how to code, now you can connect your indicator and get alerts
- you have now a cool template showing you how to create alerts for strategy scripts
Source: www.tradingview.com
I hope you'll like it, use it, optimize it and most importantly....make some optimizations to your indicators thanks to this Strategy template
Special Thanks
Special thanks to @JosKodify as I borrowed a few risk management snippets from his website: kodify.net
Additional features
I thought of plenty of extra filters that I'll add later on this week on this strategy template
Best
Dave
Local Limit UpperDisplays recent higher and lower highs.
In it's simplicity is a lot more powerful than might appear at first glance.
Does not rely on volatility calculation.
Can be linked together to create an objective view of recent resistance levels.
Makes current trends more visible.
Excellent as a trailing stop (short) algorithm.
Can be used with its sibling: Local Limit Lower
Local Limit LowerDisplays recent higher and lower lows.
In it's simplicity is a lot more powerful than might appear at first glance.
Does not rely on volatility calculation.
Can be linked together to create an objective view of recent support levels.
Makes current trends more visible.
Excellent as a trailing stop algorithm.
Can be used with its sibling: Local Limit Upper
TradingView Alerts to MT4 MT5 - Forex, indices, commoditiesHowdy Algo-Traders! This example script has been created for educational purposes - to present how to use and automatically execute TradingView Alerts on real markets.
I'm posting this script today for a reason. TradingView has just released a new feature of the PineScript language - ALERT() function. Why is it important? It is finally possible to set alerts inside PineScript strategy-type script, without the need to convert the script into study-type. You may say triggering alerts straight from strategies was possible in PineScript before (since June 2020), but it had its limitations. Starting today you can attach alert to any custom event you might want to include in your PineScript code.
With the new feature, it is easier not only to execute strategies, but to maintain codebase - having to update 2 versions of the code with each single modification was... ahem... inconvenient. Moreover, the need to convert strategy into study also meant it was required to rip the code from all strategy...() calls, which carried a lot of useful information, like entry price, position size, and more, definitely influencing results calculated by strategy backtest. So the strategy without these features very likely produced different results than with them. While it was possible to convert these features into study with some advanced "coding gymnastics", it was also quite difficult to test whether those gymnastics didn't introduce serious, bankrupting bugs.
//////
How does this new feature work? It is really simple. On your custom events in the code like "GoLong" or "GoShort", create a string variable containing all the values you need inside your alert and this string variable will be your alert's message. Then, invoke brand new alert() function and that's it (see lines 67 onwards in the script). Set it up in CreateAlert popup and enjoy. Alerts will trigger on candle close as freq= parameter specifies. Detailed specification of the new alert() function can be found in TradingView's PineScript Reference (www.tradingview.com), but there's nothing more than message= and freq= parameters. Nothing else is needed, it is very simple. Yet powerful :)
//////
Alert syntax in this script is prepared to work with TradingConnector. Strategy here is not too complex, but also not the most basic one: it includes full exits, partial exits, stop-losses and it also utilizes dynamic variables calculated by the code (such as stop-loss price). This is only an example use case, because you could handle variety of other functionalities as well: conditional entries, pending entries, pyramiding, hedging, moving stop-loss to break-even, delivering alerts to multiple brokers and more.
//////
This script is a spin-off from my previous work, posted over a year ago here: Some comments on strategy parameters have been discussed there, but let me copy-paste most important points:
* Commission is taken into consideration.
* Slippage is intentionally left at 0. Due to shorter than 1 second delivery time of TradingConnector, slippage is practically non-existing.
* This strategy is NON-REPAINTING and uses NO TRAILING-STOP or any other feature known to be causing problems.
* The strategy was backtested on EURUSD 6h timeframe, will perform differently on other markets and timeframes.
Despite the fact this strategy seems to be still profitable, it is not guaranteed it will continue to perform well in the future. Remember the no.1 rule of backtesting - no matter how profitable and good looking a script is, it only tells about the past. There is zero guarantee the same strategy will get similar results in the future.
Full specs of TradingView alerts and how to set them up can be found here: www.tradingview.com
G-ATR Box V.1Hello this is my new adapt indicator "G-ATR Box V.1"
It's just nearly normal ATR but I create in box color. My problem when I use ATR trailing stop my screen is not clean and when I use finonacci or trend line is hard to see.
How to use
Blue = Pre-buy : Waiting for another buy signal
Green = Buy : Holding the stock
Yellow = Weak uptrend : Waiting for Sell signal
Red = Sell
In this screen I compare G-ATR Box(above) with G-MACD color(below)
When the stock strong uptend all of G-ATR and G-MACD is very work and When weak uptrend G-ATR is action frist but beware Bear trap too
goodluck