[astropark] ALGO Trading V1 [alarms]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on Low Timeframes (1h is suggested) but also on even lower ones (till 15m) and on higher ones (no further than 1D), just write me in order to help you find correct settings).
It must be said that this strategy works even better on 1m Renko chart!
If you are a scalper or you are a swing trader, you will love suggested entries for fast and long-lasting profit.
Keep in mind that a proper trailing stop strategy and risk management and money management strategies are very important (DM me if you need any clarification on these points).
This is not an evolution of "ALGO Trading V2" or "ALGO Trading V3" , but a twin sister of them. Search them on TradingView to know them better.
This strategy has the following options:
enable/disable signals on chart
enable/disable bars and background coloring based on trend
enable/disable a "filter noise" option , which try to reduce overtrading (you can easily check it on backtesting)
enable/disable a Take Profit / Stop Loss option (you can easily check it on backtesting too)
enable/disable a secret SmartOption which may improve profit on your chart (again, check it on you chart if it helps or not)
This strategy only trigger 1 buy or 1 sell. If you enable Take Profit / Stop Loss option, consider that many TP can be triggered before trend reversal, so take partial profit on every TP an eventually buy/sell back lower/higher to maximize your profit.
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
The one for backtesting purpose can be found by searching for the astropark's "ALGO Trading V1" and then choosing the indicator with "strategy" suffix in the name, or you can find here below
Strategy results are calculated on the time window from January 2019 to now, so on more than 1 year, using 1000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This is a premium indicator , so send me a private message in order to get access to this script.
Komut dosyalarını "algo" için ara
[astropark] ALGO Trading V1 [strategy]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on Low Timeframes (1h is suggested) but also on even lower ones (till 15m) and on higher ones (no further than 1D), just write me in order to help you find correct settings).
It must be said that this strategy works even better on 1m Renko chart!
If you are a scalper or you are a swing trader, you will love suggested entries for fast and long-lasting profit.
Keep in mind that a proper trailing stop strategy and risk management and money management strategies are very important (DM me if you need any clarification on these points).
This is not an evolution of "ALGO Trading V2" or "ALGO Trading V3" , but a twin sister of them. Search them on TradingView to know them better.
This strategy has the following options:
enable/disable signals on chart
enable/disable bars and background coloring based on trend
enable/disable a "filter noise" option, which try to reduce overtrading (you can easily check it on backtesting)
enable/disable a Take Profit / Stop Loss option (you can easily check it on backtesting too)
enable/disable a secret SmartOption which may improve profit on your chart (again, check it on you chart if it helps or not)
This strategy only trigger 1 buy or 1 sell. If you enable Take Profit / Stop Loss option, consider that many TP can be triggered before trend reversal, so take partial profit on every TP an eventually buy/sell back lower/higher to maximize your profit.
In order to get notified when a signal is triggered, you need to use the "alarms" version of this indicator (just search for astropark's "ALGO Trading V1" indicator and choose the one with "alarms" suffix).
Strategy results are calculated on the time window from January 2019 to now, so on more than 1 year, using 1000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you backtest how the indicator will perform on any chart and timeframe you may like to test and/or trade. Of course results will be very different depending on the chart and timeframe you will open. I tested a lot of charts and always you can find a combination that keep this strategy in profit on swing trading style (and this means that if you can have a daily look at the chart you can always manage to maximize your profit on each trade!)
This is a premium indicator , so send me a private message in order to get access to this script.
Alerts on OnePunch Algo StudyIn this study you will be able to get alerts based on the OnePunch Algo Strategy Version 1 and 2.
How To Use:
Open Alerts and Pick Alerts on OnePunch Algo Study option.
For buy alerts, pick Buy Signal option
For sell alerts, pick Sell Signal option
Simple as that. This script will provide buying and selling alerts to your email and mobile app notifications.
MACKAVELLI Algorithmic StrategyI had a hard time finding a strategy that would work in different time-frames and multiple different currency pairs. This is what I ended up with after countless hours of research and testing. I designed this strategy for auto-algorithmic trading and it uses three different indicators for Long/Short positions and a 4th indicator for exiting positions.
1) A green-light indicator that tells you whether or not you can go long/short.
2) A confirmation indicator that executes the long/short positions.
3) A chop indicator that measures the distance between the two MA's. When they're too close a trade will not be executed, as this usually indicates a chop zone.
4) A third MA is used as an exit indicator.
5) Finally, a loop function is designed to prevent repeat signals. Once a signal is produced on bar close it cannot happen again until that trade is closed or a new position is opened.
Be advised, you need to adjust the settings for each currency pair and time-frame. Once you do that, back-test it and count the last 100 trades to determine accurately your wins/losses. Long entries are the top of the previous bar, shorts are the bottom of the previous bar. This is a more accurate way of counting wins/losses. Tradingview back-test's are not accurate because of where they estimate your long/short entries are, it's very misleading.
Right now I have it setup for 2hr USDCAD with a back-test of 58% win rate on the last 100 trades.
The chop indicator is set to 0.04, I suggest starting there. 0.03 is the lowest I would go. You can go all the way up to 0.1 and higher if needed. You'll start missing big trades though.
The EMA for green-light signal is set to 10, a lower number will give you more entries but less accurate results, bigger number will give less entries with more accuracy but with missed opportunities. 10 is a good starting point.
This strategy is also designed so you can use tight stop losses to prevent large losses. This is because the strategy typically catches trends on the way up/down, minimizing risk for reversal.
I use Heikin Ashi candles for a smoother chart to work with. I have not tested this strategy with normal candles.
DEMO this strategy before using it live and make sure you back-test and tune it before you start. This is written in PINE V3 SO IT WILL NOT REPAINT.
Vix spread Betting/CFD strategy. Highest profit factor ever?Recently I have noticed that many CFD and spread betting providers (I wont mention which ones but they are easy to find with a quick google search) are letting users "trade" the CBOE Volatility Index ( VIX ). I thought this was unusual as the VIX is not a purchasable asset; it is a measure of implied volatility (both long and short) on the S&P500 calculated through a formula using the price of S&P options. As far as I know the VIX has never been directly tradeable until now, VIX related products like ETFs which attempt to follow the VIX has been available for nearly two decades however they suffer greatly from slippage which makes them difficult to trade.
I am astonished that we are now, for the first time, able to bet on the result of a formula. I think that CFD and spread betting providers have made a mistake, they were probably just looking to add more tradable products and didn't think through fully that the VIX is not like any of their other products, and is much easier to profit from when using a quantitative strategy.
This strategy works live on 4H and daily charts and achieves absolutely ridiculous results. I set it to start with $100 initial capital, and over the course of 465 trades it made $73154339495899.86 profit due to compounding profits. This is a profit factor of 695603.753. I don't expect to earn this much profit myself as I am sure that CFD and spread betting providers will eventually realize that it was a mistake to let traders have positions betting on the outcome of a formula, and eventually stop allowing VIX trades to be placed. I am currently trading using this algorithm, and will maybe let others use this script eventually after I've had my fun. So follow me :)
PPSignal System Algorithm Introduction
System Algorithm based on historical price probabilities and volumes. We recommend use financial stock, bond, crypts, indices, futures and Forex market (GBPUSD, EURUSD, USDJPY, USDCAD, AUDUSD, USOIL, XAUUSD, SOYUSD, DXY, SPY, SP1!, bitcoin) with defined trends above 50 or 100 and 200 simple moving averages idem if you want trade downtrend financial assets.
Use projections and retracements Fibonacci, MACD and RSI or Stoch oscillator and figures charters Head and shoulder, triangles and double bottom, double top, etc.
This system will notify you of the probability of success. The profit will be defined for yourself and according to your investor profile.
There are stocks and other assets with high returns but the system does not know exactly. Check in the Strategy tester section and then net profit.
We have other tools that support to PPsignal system, we will publish them shortly.
Define system parameters
As it is a system that is based on past data we recommend using the most historical data weekly (W) but you an use day historical data or 3 o 2 hs.
Candle color: you can choose if you want a trend color for candles or not, in the chart propieties menu detach the border option.
PPsignal it's a very simple system with which you will have a great support when it is a good time for enter in the marker and out.
we await your comments.
Eng. Oscar Alejandro Peruchena
Quants Mathematical and Market Analyst
Automatic Monthly Pivots with built-in Fibonacci LevelsClassic Floor Trader Pivots (algorithm decision points) with color segmented Fibonacci levels plotted in real-time Enjoy! Multi-variable Time Frame Pivots with Custom fib levels is in works.
FTA 2Hello there,
What you see here is V2 of FTA .
First of all some keypoints to it:
-It uses Gunbot
-Many Microtrades on a bullish market
-Even make Profit on Sideway & wavy downtrends
-Double up to infinity
-Controlled downtrend averaging
-Visualizer available allowing visible emulation of the Script & Gunbot trading together.
-More Features & Optimization still to come!
It has the same core as V1 but a few big changes/additions.
As I don't want to force these changes on to everyone I made an additional version.
Finns Trading Algorithm AlertsHello there,
I have developed a Microprofit Script for Tradingview and would like to introduce you to it.
First of all some keypoints to it:
-It uses Gunbot
-Many Microtrades on a bullish market
-Even make Profit on Sideway & wavy downtrends
-Double up to infinity
-Controlled downtrend averaging
-Visualizer available allowing visible emulation of the Script & Gunbot trading together.
-More Features & Optimization still to come!
Forex Master v2.0 (EUR/USD)This is version 2 of my Forex Master algorithm originally posted here:
BACKTEST CONDITIONS:
Initial equity = $100,000 (no leverage)
Order size = 100% of equity
Pyramiding = disabled
TRADING RULES:
Long entry = EMA5(RSI20) cross> 50
Profit limit = 50 pips
Stop loss = 50 pips
Short entry = EMA5(RSI20) cross< 50
Profit limit = 50 pips
Stop loss = 50 pips
Long entry = Short exit
Short entry = long exit
DISCLAIMER: None of my ideas and posts are investment advice. Past performance is not an indication of future results. This strategy was constructed with the benefit of hindsight and its future performance cannot be guaranteed.
[Ice Hive Algo] Averaged Bull Bear Power
Modified version of a well know Bull Bear Power Indicator.
It is now universal and can be used in building trading strategies by having indicator that is not tied to absolute price values.
Instead it operates percentages of price movements calculating Bull Bear power.
Daily Single Trade [SMRT Algo]The Daily Single Trade Indicator by SMRT Algo is a powerful yet simple tool designed for traders who value precision, discipline, and a focus on high-quality trade setups. With a unique approach, this indicator identifies just one signal daily, making it ideal for traders who prefer a structured and stress-free trading routine.
Please note that this indicator only works for timeframes below 1H.
Key Features:
Market Open & Pre-Market Analysis: The indicator focuses on the market’s opening range and identifies breakout opportunities based on price action during these critical periods.
Customizable Risk-Reward Ratio: Plan your trades with precision by setting your desired RR, ensuring that your take-profit (TP) levels are multiples of your stop-loss (SL). Stop loss is not shown with this indicator.
Price Offset for SL: Add a customizable buffer to your SL and TP levels. This offset accounts for market volatility, reducing the chances of premature stop-outs while maintaining alignment with your trading plan.
Increasing this value will lead to a greater invisible stop loss, which will increase the TP size. The opposite is occurs when decreasing this value (less than 0). If you set it as 2.5 for example for TSLA: price is 340 and SL is 330 for example, SL becomes 327.5. This calculation will then be applied to calculate the TP.
In simple terms, if the offset is positive, SL becomes larger, TP becomes larger as well.
Exit Point Visibility: Display exit points on your chart to better visualize trade targets and stop levels.
Adjustable Market Open Time: Easily modify the market open hour and minute to suit your asset’s trading session. For example, U.S. stock traders can set the market open time to 9:30 AM EST (UTC-5).
By providing a single signal each day, the indicator minimizes overtrading and keeps your focus on the best opportunities.
With predefined SL, TP, and RR settings, the indicator fosters disciplined trading, reducing the influence of emotional decision-making. Whether you’re trading stocks, indices, or forex, the customizable market open time and RR ratio make this indicator versatile and adaptable.
The combination of precise SL and TP calculations with offset pip adjustments helps protect your trades from market noise while maintaining a favorable RR.
Perfect for those who can’t monitor markets all day, the single-signal approach allows you to execute a high-quality trade and move on with your day.
How to Use:
Set the Market Open Time: Adjust the open time to align with your asset’s session. For example, set 9:30 AM EST for U.S. stocks.
Define Your Risk-Reward Ratio: Choose an RR multiple (e.g., 1:2 or 1:3) that aligns with your risk tolerance and trading goals.
Apply Pip Offset: Add a buffer to your SL and TP to account for market volatility and reduce false stops.
The Daily Single Trade Indicator simplifies trading by focusing on one high-probability setup per day. It’s perfect for traders looking to maintain consistency, improve risk management, and reduce the stress of overanalyzing the markets.
How Alerts Work:
Individual Alerts: Set separate notifications for specific actions, such as breakout signals, take-profit levels, or stop-loss activations.
Master Alert: Manage all notifications with one streamlined setting, ensuring you never miss an opportunity while keeping your setup simple and efficient.
Take control of your trading with a strategy built for clarity, precision, and success!
[Mustang Algo] VIF - Volatility Indicator Freemium
The VIF - Volatility Indicator Freemium is a powerful tool designed to capture volatility-driven price movements and generate actionable trading signals. It offers a clear, color-coded visual representation of market trends based on volatility and price movement. The indicator includes key features to help traders identify strong buy and sell opportunities with clear alerts for both bullish and bearish signals.
Key Features:
Volatility Indicator Freemium (VIF):
Calculates volatility over a specified period using the difference between the open and close prices.
Generates signals based on the relationship between volatility and an exponential moving average (EMA).
Strong Buy/Sell signals: Triggered when volatility exceeds a threshold and the price crosses above/below the EMA.
Weaker signals: When volatility is lower but still shows trends in relation to the EMA.
Customizable Inputs:
Resolution: Select different timeframes for signal generation to adapt the indicator to different market conditions.
Repainting: Option to enable or disable repainting based on your preference for signal stability.
VIF Length & Threshold: Fine-tune the sensitivity of the volatility indicator by adjusting the length and threshold parameters.
Color-Coded Signals:
Bright Green (Strong Bullish): High volatility and price above the EMA.
Light Green (Weak Bullish): Lower volatility but price still above the EMA.
Bright Red (Strong Bearish): High volatility and price below the EMA.
Light Red (Weak Bearish): Lower volatility but price still below the EMA.
Neutral (Gray): When neither bullish nor bearish conditions are strong.
Real-Time Alerts:
Strong Buy/Sell Alerts: Receive notifications for significant bullish or bearish changes in market volatility.
Weaker Buy/Sell Alerts: Notifications for changes in market direction with moderate volatility levels.
Bar Coloring & Background Customization:
Option to color bars based on the detected signals.
Background color also adjusts according to the volatility signal, offering a visual guide for quickly identifying market conditions.
Indicator Statistics & Alerts:
Built-in alert conditions for Strong Buy/Sell Signals and regular Buy/Sell Signals, allowing traders to react to market changes in real time.
Premium Version Coming Soon:
An upcoming premium version will include advanced filtering options, improved risk management features, and enhanced customization for professional traders.
This Freemium version is ideal for traders seeking to gain insights into market volatility and momentum. Stay tuned for the premium version that will introduce additional exclusive features, offering even greater control over your trading strategies.
Harish Algo 2The script "Harish Algo 2" is a Pine Script-based TradingView indicator that automatically identifies significant trendlines based on fractal points and tracks price interactions with those trendlines. Key features include:
Fractal Detection: The script identifies fractal highs and lows, using a configurable fractal period, to serve as pivot points for generating trendlines. Fractal highs are marked in blue, and fractal lows are marked in red.
Dynamic Trendlines: It draws trendlines between consecutive fractal points, with a limit on the maximum number of active trendlines. The trendlines can be extended either in both directions or to the right, as per user input. The line width can also be customized.
Support/Resistance Counting: Each trendline tracks how many times the price interacts with it. If the price approaches the line from above and touches or stays near it, the line is considered a support. If the price approaches from below, it is considered a resistance. These counts are used to modify the trendline's color and appearance.
Trendlines with 2 support interactions turn green.
Trendlines with 2 resistance interactions turn red.
Trendlines with 3 or more interactions turn black.
Trendline Styling: Trendlines that extend over a long period (more than 100 bars) change to a dotted style to highlight their persistence.
Break Detection: The script monitors if the price crosses a trendline, signaling a potential breakout or breakdown. Once a trendline is broken, it stops extending further.
Trendline Removal: The script ensures that only a limited number of trendlines are active at a time. If the maximum number of trendlines is reached, the oldest trendline is removed to make space for new ones.
This indicator is designed to help traders visualize important trendlines, spot potential support and resistance levels, and detect breakouts or breakdowns based on price movement.
DTFX Algo Zones [LuxAlgo]DTFX Algo Zones are auto-generated Fibonacci Retracements based on market structure shifts.
These retracement levels are intended to be used as support and resistance levels to look for price to bounce off of to confirm direction.
🔶 USAGE
Due to the retracement levels only being generated from identified market structure shifts, the retracements are confined to only draw from areas considered more important due to the technical Break of Structure (BOS) or Change of Character (CHoCH).
The simple action that causes a market structure shift occurs is price breaking above or below a specific swing point. When a market structure shift happens, a retracement is drawn from the point of break to the highest or lowest point since that point. Due to the price action necessary for a market structure shift, these retracements will not always be immediately actionable.
These retracement levels are intended to be used as points to watch for price to retrace to and bounce from, confirming the current direction of price.
In the example below, after the retracement is initiated, by bouncing off of the retracement levels formed from the previous market structure shift it would further confirm the bias of the market structure shift. A break going through these levels would display a weakness from the current market structure shift, implying that it could simply be noise.
🔶 DETAILS
The script uses standard SMC Market structure identification to determine Break of Structures (BOS) and Change of Characters (CHoCH). The specific swing points can be identified by the shapes placed above or below the specific swing high/low candle.
By unchecking the "Display All Zones" setting, users are able to specify the exact number of retracement zones to display using the "Show Last" parameter. This is handy for cleaning up the chart to stay focused on the most recent retracements.
Additionally, when displaying multiple zones, the "Clean-Up Level Overlap" setting may be helpful for decluttering as well. This option optimizes the display of retracement levels to minimize their overlap on other adjacent zones.
The script allows for up to 5 Fib levels to be displayed from each zone, with options for display, value, line style, and color for each of the 5.
The calculation for Fib Levels changes depending on the direction of market structure shifts. When an upwards (Bullish) zone is generated, the retracement is drawn with the bottom of the zone being 0 and the top of the zone being 1. This is reversed for downwards (Bearish) zones.
🔶 SETTINGS
Structure Length: Sets the SMC structure length to use for finding MMS.
Show Last: Displays this number of retracement zones. (Display All Zones Must be Unchecked)
Display All Zones: Ignores "Show Last" number and displays all historical MMS Retracement Zones.
Zone Display: Choose which zones to display, only bearish, only bullish, or both.
Clean-Up Level Overlap: Minimizes overlap between adjacent zones and levels.
Fib Levels: Settings to display and customize up to 5 Fib levels for each zone.
Engulfing Pattern Alerts By PropFirm AlgoWe have now decided to make this indicator to support the trading community! If you find yourself struggling to identify bullish engulfing and bearish engulfing candles, this one is for you.
Release Notes:
Initial release with robust detection of bullish and bearish engulfing patterns.
Added trend and volume filters for enhanced pattern accuracy.
Custom alerts for real-time notifications of potential trading opportunities.
Appendix 1 - Example Case of Use For Educational Study.
Appendix 2 - Technical description which focuses on explaining the functionality of the script, how the code works, and how it can be used by traders, providing further immediate insight value.
Appendix 1:
This indicator will provide you with Two types Bullish and Bearish Engulfing Alerts.
The Regular Bullish and Bearish Engulfing Candle's Shown As
Bullish Engulfing ︽
Bearish Engulfing ︾
And the Filtered Bullish and Bearish Engulfing Candle Shown As
Filtered Bullish Engulfing ⇡
Filtered Bearish Engulfing ⇣
You can also change the Alert Symbol to any text, symbol or emoji of choice in the Setting Style Panel . This allows you to customize the alert symbol style to your liking, Example....
Using the power of artificial intelligence, we coded this indicator based on technical descriptions to perfect this simple problem.
Use this tool together with different strategies as a confirmation to your trading bias.
Use Supply and Demand Zones together with the Engulfing Pattern Alerts
First, Verify if the bullish engulfing candle is at the end of a dying trend.
Secondly, Check if it’s at a major 1-hour, 4-hour, or daily support and resistance zone.
Then wait for the retest, then enter a position.
DON’T USE THE ENGULFING ALERT AS A POINT OF ENTRY, OR WHILE MARKETS ARE CONSOLIDATING nor in the middle of an active trend.
Now for the second most used method:
Use The Fibonacci together with the Engulfing Pattern Alerts
First, Identify an impulse candle that creates a new trend in the market.
Then Draw out your Fibonacci tool from the start of the candle to the end of the impulse leg where rejection is shown.
Wait for the price to retrace to the 61.8 retracement and use the engulfing candle as a second confirmation.
And lastly, wait for the price to retest the fib level showing signs of rejection, then enter.
Appendix 2:
Technical Description:
The "Engulfing Pattern Alerts By PropFirm Algo" script is a sophisticated tool designed to identify and alert traders of potential bullish and bearish engulfing patterns in the market, enhanced by trend and volume filters for improved accuracy. This script helps traders spot potential trend reversals by analyzing candlestick patterns in conjunction with volume data and moving averages.
Key Features:
Bullish Engulfing Pattern Detection: Identifies when a smaller bearish candle is followed by a larger bullish candle, indicating potential upward price movement.
Bearish Engulfing Pattern Detection: Identifies when a smaller bullish candle is followed by a larger bearish candle, indicating potential downward price movement.
Volume Filter: Enhances pattern reliability by ensuring the identified pattern is accompanied by a significant volume increase.
Trend Filter: Utilizes Simple Moving Averages (SMA) to filter patterns based on the prevailing market trend, reducing false signals on the "Filtered Engulfing Alerts" Setting.
Custom Alerts: Configurable alerts for both bullish and bearish engulfing patterns, allowing traders to stay informed in real-time.
How It Works:
Bullish Engulfing Pattern:
Detected when the body of the current candle completely engulfs the body of the previous candle.
Confirmed if the current candle closes higher than it opens, and the previous candle closes lower than it opens.
Volume on the current candle must be greater than the previous candle.
Bearish Engulfing Pattern:
Detected when the body of the current candle completely engulfs the body of the previous candle.
Confirmed if the current candle closes lower than it opens, and the previous candle closes higher than it opens.
Volume on the current candle must be greater than the previous candle.
Trend Filter:
Uses moving averages to determine the market trend.
Bullish patterns are only considered in downtrends.
Bearish patterns are only considered in uptrends.
Alerts:
Alerts can be set up for both bullish and bearish patterns, ensuring you are notified when significant market movements are detected.
How to Use:
Add the script to your chart.
Configure the alert settings according to your trading preferences.
Monitor your chart for plotted symbols indicating potential bullish (︽) and bearish (︾) engulfing patterns.
Utilize the alert conditions to get notified when these patterns occur.
EHRHART Algo Premium (V.2)EHRHART Algo Premium is a indicator designed to help traders analyze market flow. It work with multiple EMA for identifying the sentiment of market. It's very simple calculation but it's a good help for people who use price action. I think the visual of the chart is very important and and I wanted to create an indicator very visual. I'm price action lover like lots of people and I personally think it's very important to identify the flow of market because buying when the flow of market is up give you better chance to win your trade. It's not BUY and SELL signal, this indicator don't tell u when u need buy or when u need sell, it's principally here for helping the visual of trading chart (have a good clear chart). I decided to post this indicator because people were asking me how it worked and were curious about these colors, so here we go !
This indicator show:
The main flow ( green candle=buy pressure /red candle=seller pressure ), it's based on two EMA cross over, this two EMA are editable so u can take the combination you want depending on your trading strategy. When the first EMA is above the second EMA candle becoming green and when the second EMA is above the first EMA candle becoming red.
The trend of two EMA crossover (blue=bullish and violet=bearish), it's based on two EMA (two different than main flow) cross over, this two EMA are editable so u can take the combination you want depending on your trading strategy. When the first EMA is above the second EMA the trend becoming blue and when the second EMA is above the first EMA the trend becoming violet.
Potential trend reversals (violet candle), it's calculate with the two EMA of the main flow, when these two EMA becoming closer, the candle becoming violet. It meaning that the trend may reversals. I added sensitivity parameter, so u can adjust it depending on your trading strategy, the more sensitive it is, the more candle will be colored violet.
A system of RSI print on the chart, when the RSI becoming overbought (more than 75) a red triangle will pop up on the chart, and when the RSI becoming oversold (less than 25) a green triangle will pop up on the chart. U can show or hidden these setting.
Bullish candles are represented by hollow candles.
Bearish candles are represented by full candles.
You can use this indicator with multiple strategy, I personally use it with price action (support/resistance) and I made it for that (but it's your choice).
This is an example of how I'll use it:
Here we can see that the price is coming testing our weakly support, however the main flow is bullish (red candle), so I'm waiting my first signal (violet candle). When the first candle passed violet I decided to enter the trade because violet candle after red candle means that the two EMA start closed to themselves meaning that's the flow may turn green. My second signal will be candle passed green, because it meaning the two EMA start deviate from themselves, buyer are taking advantage. In this situation a green triangle on the support will be my third signal.
INFINITY ALGO🆕Meet the updated version of our flagship indicator, now it's INFINITY ALGO!
🏃🏻 QUICK START
In very simple terms, our indicator generates complex trading signals on your chart (buy/sell), including Entry Point, Take Profit levels, Stop Loss level
To start, you need to add our indicator to your chart , choose a timeframe (we recommend 13min,15min and 4h but you can try any, these only have the best results) and set up notifications (how to do it told below) and that's it, you can work with it even without changing the settings!
Of course, to improve the accuracy of signals you will have to choose the optimal settings of the script for each trading pair and timeframe (you can find a guide below)
📊 SIGNALS
This script will generate complex trading recommendations, both Long and Short (signals); signals include:
- Entry Point:
Calculated based on pivot levels with confirmation by EMA/SMA (you can select this in the settings); also bullish/bearish cup is checked to confirm the entry.
Additionally, in the settings you can enable Heiken Ashi calculation mode (it shows much better on some trading pairs).
Why do we mashup these components and how they work together?
- The main indicator in our script is pivot levels, it is enabled by default and cannot be disabled. Auxiliary indicators (which you can switch on and off in the script settings) are EMA/SMA and Heiken Ashi. We have used pivot levels, which mark potential support and resistance zones based on previous price action. We have also used EMA/SMA that smooth out price fluctuations and show the direction of the trend. We have added an option to use Heiken Ashi that filters out noise and highlights the trend. We have also checked for bullish/bearish cup patterns, which are reversal patterns that indicate a change in momentum. By combining these indicators, we have created a more robust entry point that considers multiple factors such as price levels, trend, noise, and momentum.
- 6 Take Profit levels:
It is also possible to change in the settings (It is also possible to change the values for Short or Long positions separately), it will be fixed values in % (The default Take Profits for Long&Short are as follows: TP1-0.3%; TP2-1%; TP3-2%; TP4-3%; TP5-7.5%; TP6-16.5%)
- Stop Loss Level:
As with Take Profits, this is a fixed % value that you can customise to suit your risk management needs (It is also possible to change the values for Short or Long positions separately, by default is 4.5% for Long&Short positions)
*When trading on these signals, we strongly recommend that you exit the position in parts at each take profit or close your entire position at one particular take profit. Our script was designed specifically for exiting a position on take profits
⚙️ SETTINGS
Now let's talk about the settings of this script, which allow you to customise the signals quite a lot. In general, we recommend selecting the settings for each trading pair and timeframe separately, this will allow you to achieve better targets accuracy (the default settings are universal, you can trade with them without changing them if you want)
-> IMAGE <-
1. Period - minimum value of 2. Increasing this parameter will increase the accuracy of signals, but will reduce their number (accordingly, lowering the parameter will do the opposite). For the majority of trading pairs and timeframes the optimal period will be between 5 and 10 (the default value is 5).
2. Maximum Breakout length (in bars) - for most trading pairs you can set the value from 200 to 300 and it will be optimal. Below 200 is not recommended
3. T hreshold Rate % - this value also affects the accuracy and the number of signals - the higher this value is, the more often signals will be generated, but it can negatively affect the accuracy. The minimum value is 3, and the maximum value is 10. We recommend to try values in the range from 4 to 7 for most tickers
4. Minimum Number of tests - the number of level checks is required, we recommend to try 2, and only for some timeframes increase to 3
5. MA type & MA filter - The shorter the length of moving averages, the faster they react to trend changes, and show more local trends than global ones. If the length of MAs is longer, more global trends are shown. By default, the most optimal values are set.
By the way, you can ask us for a ready-made preset for any pair and we will be happy to help you!
📄 BACKTESTING
Now let's talk about how to properly test the settings and evaluate their effectiveness. Our script has a c ustom built-in backtester that shows statistics on the current trading pair and allows you to calculate the accuracy of each take profit target, as well as calculate values such as Gross profit/loss, net profit, and the ratio of initial deposit to profit. (you can enable/disable backtester "statistics" label in main settings)
In the main settings you can change the values for: initial deposit (Deposit $), trade size $ and leverage (by the way, it also affects the display of the label "Peak profit", which is calculated with this leverage)
-> IMAGE <-
Now let's look at the backtester - it shows detailed statistics for each Take Profit level, including: accuracy in % and number of trades; gross profit & loss; net profit in % and $ (based on selected settings); deposit to profit ratio in % and $.
Why did we choose such properties in the backtest for publication?
- Well, as the initial capital we took 5000$ and deposit 3% (150$) of the initial capital in each trade. For the fee was taken the value from the exchange Binance, which is 0.06% per trade (Taker + Maker, for a user without VIP on Binance and without taking into account additional fees such as funding, leverage fees, etc).
- Please also take a look at our inbuilt backtester ( IMAGE ) which counts the accuracy to each Take Profit. Also note that our inbuilt backtester does not take any fees into account. Pay attention to the last field "Deposit with Profit" it shows the value if you would close all positions at a certain target. For example, we can see that the most optimal is TP3 at these settings for this trading pair and timeframe, as the deposit to profit ratio will be +61.2%
- Also the script is more designed for swing and long term trading, so on most trading pairs you will be able to see statistics for 60-90 trades dataset
*disclaimer: please note that past results does not guarantee future performance! The accuracy of take profit targets in our backtester is calculated on past results, keep this in mind please
📥 NOTIFICATIONS
We have provided notifications that will deliver the latest signals to you in a convenient format in TradingView. The notification looks like this: It contains the entry point, Take Profits, Stop Loss, and a bit of advice on risk management. -> IMAGE <-
To set up notifications:
1. Select the script settings, trading pair and timeframe
2. Click "add alert on InfinityAlgo", then select "alert () function calls only" in the settings
-> IMAGE <-
3. That's it, now all that's left is to wait for a fresh alert
🔑 HOW TO GET ACCESS
We hope you will like this script :) We are always ready to help you with customisation, just let us know! To learn more about our scripts & get access - check out the “Author’s instructions” below 👇🏼
Candlestick Patterns [NAS Algo]Candlestick Patterns plots most commonly used chart patterns to help and understand the market structure.
Bullish Reversal Patterns:
Hammer:
Appearance: Small body near the high, long lower shadow.
Interpretation: Indicates potential bullish reversal after a downtrend.
Inverted Hammer:
Appearance: Small body near the low, long upper shadow.
Interpretation: Signals potential bullish reversal, especially when the preceding trend is bearish.
Three White Soldiers:
Appearance: Three consecutive long bullish candles with higher closes.
Interpretation: Suggests a strong reversal of a downtrend.
Bullish Harami:
Appearance: Small candle (body) within the range of the previous large bearish candle.
Interpretation: Implies potential bullish reversal.
Bearish Reversal Patterns:
Hanging Man:
Appearance: Small body near the high, long lower shadow.
Interpretation: Suggests potential bearish reversal after an uptrend.
Shooting Star:
Appearance: Small body near the low, long upper shadow.
Interpretation: Indicates potential bearish reversal, especially after an uptrend.
Three Black Crows:
Appearance: Three consecutive long bearish candles with lower closes.
Interpretation: Signals a strong reversal of an uptrend.
Bearish Harami:
Appearance: Small candle (body) within the range of the previous large bullish candle.
Interpretation: Implies potential bearish reversal.
Dark Cloud Cover:
Appearance: Bearish reversal pattern where a bullish candle is followed by a bearish candle that opens above the high of the previous candle and closes below its midpoint.
Continuation Patterns:
Rising Three Methods:
Appearance: Consists of a long bullish candle followed by three small bearish candles and another bullish candle.
Interpretation: Indicates the continuation of an uptrend.
Falling Three Methods:
Appearance: Consists of a long bearish candle followed by three small bullish candles and another bearish candle.
Interpretation: Suggests the continuation of a downtrend.
Gravestone Doji:
Appearance: Doji candle with a long upper shadow, little or no lower shadow, and an opening/closing price near the low.
Interpretation: Signals potential reversal, particularly in an uptrend.
Long-Legged Doji:
Appearance: Doji with long upper and lower shadows and a small real body.
Interpretation: Indicates indecision in the market and potential reversal.
Dragonfly Doji:
Appearance: Doji with a long lower shadow and little or no upper shadow.
Interpretation: Suggests potential reversal, especially in a downtrend.
ICT Clean Midnight [dR-Algo]
Are you a trader who values clean charts and precise indicators? Are you an avid follower of ICT Concepts? If so, the Midnight Marker is tailored for you. This ultra-simple, highly effective TradingView script draws a nearly transparent blue line at midnight on your chart, keeping your interface as clean as possible while delivering essential information.
Why is "ICT Clean Midnight" so Special?
Focus on Price Action: The minimalist design ensures that you can focus solely on price action, which is a core principle of ICT teachings.
Easy Back Testing: Whether you're trading live or back-testing strategies, the midnight marker helps you quickly identify key time points.
Customizable: Though designed to be subtle, the line's color and opacity can be easily customized to suit your charting needs.
This indicator embodies ICT's principle of maintaining a clutter-free, focus-driven trading environment. Perfect for both novice traders wanting to adopt ICT concepts and seasoned traders looking for minimalistic yet effective tools.
Fib Retracement AlgoFib Retracement Algo
Description: This indicator has a series of steps that it takes before it finds possible retracement areas depending on the trend. The indicator itself is really simple to use.
How does it work?
This indicator uses the Hurst Exponent to verify whether or not the market is trending or not. It then determines the trend and then decides which retracement is possible.
If the hurst is below 0.5, then the retracement lines won't appear; they only appear in a trending market above 0.5 if you don't see the lines.
How Traders can use this indicator
Traders who trade bounces or retracements can use this indicator and enjoy the verification process that goes behind finding these retracements. This indicator can also be used to identify possible gaps on some occasions.
Examples of the indicator:
Bjorgum Double Tap█ OVERVIEW
Double Tap is a pattern recognition script aimed at detecting Double Tops and Double Bottoms. Double Tap can be applied to the broker emulator to observe historical results, run as a trading bot for live trade alerts in real time with entry signals, take profit, and stop orders, or to simply detect patterns.
█ CONCEPTS
How Is A Pattern Defined?
Doubles are technical formations that are both reversal patterns and breakout patterns. These formations typically have a distinctive “M” or a “W” shape with price action breaking beyond the neckline formed by the center of the pattern. They can be recognized when a pivot fails to break when tested for a second time and the retracement that follows breaks beyond the key level opposite. This can trap entrants that were playing in the direction of the prior trend. Entries are made on the breakout with a target projected beyond the neckline equal to the height of the pattern.
Pattern Recognition
Patterns are recognized through the use of zig-zag; a method of filtering price action by connecting swing highs and lows in an alternating fashion to establish trend, support and resistance, or derive shapes from price action. The script looks for the highest or lowest point in a given number of bars and updates a list with the values as they form. If the levels are exceeded, the values are updated. If the direction changes and a new significant point is made, a new point is added to the list and the process starts again. Meanwhile, we scan the list of values looking for the distinctive shape to form as previously described.
█ STRATEGY RESULTS
Back Testing
Historical back testing is the most common method to test a strategy due in part to the general ease of gathering quick results. The underlying theory is that any strategy that worked well in the past is likely to work well in the future, and conversely, any strategy that performed poorly in the past is likely to perform poorly in the future. It is easy to poke holes in this theory, however, as for one to accept it as gospel, one would have to assume that future results will match what has come to pass. The randomness of markets may see to it otherwise, so it is important to scrutinize results. Some commonly used methods are to compare to other markets or benchmarks, perform statistical analysis on the results over many iterations and on differing datasets, walk-forward testing, out-of-sample analysis, or a variety of other techniques. There are many ways to interpret the results, so it is important to do research and gain knowledge in the field prior to taking meaningful conclusions from them.
👉 In short, it would be naive to place trust in one good backtest and expect positive results to continue. For this reason, results have been omitted from this publication.
Repainting
Repainting is simply the difference in behaviour of a strategy in real time vs the results calculated on the historical dataset. The strategy, by default, will wait for confirmed signals and is thus designed to not repaint. Waiting for bar close for entires aligns results in the real time data feed to those calculated on historical bars, which contain far less data. By doing this we align the behaviour of the strategy on the 2 data types, which brings significance to the calculated results. To override this behaviour and introduce repainting one can select "Recalculate on every tick" from the properties tab. It is important to note that by doing this alerts may not align with results seen in the strategy tester when the chart is reloaded, and thus to do so is to forgo backtesting and restricts a strategy to forward testing only.
👉 It is possible to use this script as an indicator as opposed to a full strategy by disabling "Use Strategy" in the "Inputs" tab. Basic alerts for detection will be sent when patterns are detected as opposed to complex order syntax. For alerts mid-bar enable "Recalculate on every tick" , and for confirmed signals ensure it is disabled.
█ EXIT ORDERS
Limit and Stop Orders
By default, the strategy will place a stop loss at the invalidation point of the pattern. This point is beyond the pattern high in the case of Double Tops, or beneath the pattern low in the case of Double Bottoms. The target or take profit point is an equal-legs measurement, or 100% of the pattern height in the direction of the pattern bias. Both the stop and the limit level can be adjusted from the user menu as a percentage of the pattern height.
Trailing Stops
Optional from the menu is the implementation of an ATR based trailing stop. The trailing stop is designed to begin when the target projection is reached. From there, the script looks back a user-defined number of bars for the highest or lowest point +/- the ATR value. For tighter stops the user can look back a lesser number of bars, or decrease the ATR multiple. When using either Alertatron or Trading Connector, each change in the trail value will trigger an alert to update the stop order on the exchange to reflect the new trail price. This reduces latency and slippage that can occur when relying on alerts only as real exchange orders fill faster and remain in place in the event of a disruption in communication between your strategy and the exchange, which ensures a higher level of safety.
👉 It is important to note that in the case the trailing stop is enabled, limit orders are excluded from the exit criteria. Rather, the point in time that the limit value is exceeded is the point that the trail begins. As such, this method will exit by stop loss only.
█ ALERTS
Five Built-in 3rd Party Destinations
The following are five options for delivering alerts from Double Tap to live trade execution via third party API solutions or chat bots to share your trades on social media. These destinations can be selected from the input menu and alert syntax will automatically configure in alerts appropriately to manage trades.
Custom JSON
JSON, or JavaScript Object Notation, is a readable format for structuring data. It is used primarily to transmit data between a server and a web application. In regards to this script, this may be a custom intermediary web application designed to catch alerts and interface with an exchange API. The JSON message is a trade map for an application to read equipped with where its been, where its going, targets, stops, quantity; a full diagnostic of the current state and its previous state. A web application could be configured to follow the messages sent in this format and conduct trades in sync with alerts running on the TV server.
Below is an example of a rendered JSON alert:
{
"passphrase": "1234",
"time": "2022-05-01T17:50:05Z",
"ticker": "ETHUSDTPERP",
"plot": {
"stop_price": 2600.15,
"limit_price": 3100.45
},
"strategy": {
"position_size": 0.1,
"order_action": "buy",
"market_position": "long",
"market_position_size": 0,
"prev_market_position": "flat",
"prev_market_position_size": 0
}
}
Trading Connector
Trading Connector is a third party fully autonomous Chrome extension designed to catch alert webhooks from TradingView and interface with MT4/MT5 to execute live trades from your machine. Alerts to Trading Connector are simple; just select the destination from the input drop down menu, set your ticker in the "TC Ticker" box in the "Alert Strings" section and enter your URL in the alert window when configuring your alert.
Alertatron
Alertatron is an automated algo platform for cryptocurrency trading that is designed to automate your trading strategies. Although the platform is currently restricted to crypto, it offers a versatile interface with high flexibility syntax for complex market orders and conditions. To direct alerts to Alertatron, select the platform from the 3rd party drop down, configure your API key in the ”Alertatron Key” box and add your URL in the alert message box when making alerts.
3 Commas
3 Commas is an easy and quick to use click-and-go third party crypto API solution. Alerts are simple without overly complex syntax. Messages are simply pasted into alerts and executed as alerts are triggered. There are 4 boxes at the bottom of the "Inputs" tab where the appropriate messages to be placed. These messages can be copied from 3 Commas after the bots are set up and pasted directly into the settings menu. Remember to select 3 Commas as a destination from the third party drop down and place the appropriate URL in the alert message window.
Discord
Some may wish to share their trades with their friends in a Discord chat via webhook chat bot. Messages are configured to notify of the pattern type with targets and stop values. A bot can be configured through the integration menu in a Discord chat to which you have appropriate access. Select Discord from the 3rd party drop down menu and place your chat bot URL in the alert message window when configuring alerts.
👉 For further information regarding alert setup, refer to the platform specific instructions given by the chosen third party provider.
█ IMPORTANT NOTES
Setting Alerts
For alert messages to be properly delivered on order fills it is necessary to place the following placeholder in the alert message box when creating an alert.
{{strategy.order.alert_message}}
This placeholder will auto-populate the alert message with the appropriate syntax that is designated for the 3rd party selected in the user menu.
Order Sizing and Commissions
The values that are sent in alert messages are populated from live metrics calculated by the strategy. This means that the actual values in the "Properties" tab are used and must be set by the user. The initial capital, order size, commission, etc. are all used in the calculations, so it is important to set these prior to executing live trades. Be sure to set the commission to the values used by the exchange as well.
👉 It is important to understand that the calculations on the account size take place from the beginning of the price history of the strategy. This means that if historical results have inflated or depleted the account size from the beginning of trade history until now, the values sent in alerts will reflect the calculated size based on the inputs in the "Properties" tab. To start fresh, the user must set the date in the "Inputs" tab to the current date as to remove trades from the trade history. Failure to follow this instruction can result in an unexpected order size being sent in the alert.
█ FOR PINECODERS
• With the recent introduction of matrices in Pine, the script utilizes a matrix to track pivot points with the bars they occurred on, while tracking if that pivot has been traded against to prevent duplicate detections after a trade is exited.
• Alert messages are populated with placeholders ; capability that previously was only possible in alertcondition() , but has recently been extended to `strategy.*()` functions for use in the `alert_message` argument. This allows delivery of live trade values to populate in strategy alert messages.
• New arguments have been added to strategy.exit() , which allow differentiated messages to be sent based on whether the exit occurred at the stop or the limit. The new arguments used in this script are `alert_profit` and `alert_loss` to send messages to Discord
Clutch AlgoThe Clutch Algo provides reversal signals and trend signals. The indicator can be used for stocks, crypto and forex. It can also be used for day trading and swing trading.
Reversal signals were done by modifying the Bollinger Bands and MACD and combining them in a unique way to find explosive price actions. These have been modified to provide signals at the bottom or top of a trend to catch price reversals and to improve margin of safety on trades. These signals are labeled as “Long” and “Short”.
We also added automatic support and resistance zones to increase the accuracy of the “Long” and “Short” signals. This was done by using historical price action of highs and lows and periods of consolidation where price reversed.
The trend signals, which are labeled as “Bull” and “Bear” signals use a combination of exponential moving averages. These signals can be used as trend continuations.
We also added an exponential moving average cloud to help traders easily visualize trend. This can be used as a guide to help you stay in a trade to maximize profits. It can also be used as a guide to get out of a trade if price breaks out of the cloud. The third use of the cloud can be used as support resistance in between high/low support and resistance zones.
Tips:
- Only take long/short signals when there is a support or resistance zone formed at or near the long/short signal, preferably within 1-3 bars of the support or resistance zone. Signals too far from "Long" or "Short" signals reduces your margin of safety.
- When in a Long or Short position, use support or resistance zones as a stop loss level as price is likely to go against the position.
- When taking a Long/Short or Bull/Bear signal, wait for candles to be completed to get best entry possible.
- Previous support zones can be used as resistance zones and previous resistance zones can be used as support zones.
- The support and resistance (SR) period can be adjusted. Numbers in the SR settings are bars looking back. For example, a setting of 10, looks back 10 bars.