[TT$] Trade Tracker - By BlueJayBirdUSE:
- For visually tracking your trades in a floating pane (label).
- Most of the features are described in the image.
MAIN FEATURES:
- Better long-position and short-position tool wannabe.
- Visual data for tracking your trade position.
- Automatic setting of some common values in trades risk management.
- Switching from long-position to short-position can be done by just dragging the target or the entry point around.
EMOJIS:
- ⏰ Entry time: : Confirmed manually when the tool is added to the chart.
- 🎲 Entry: Confirmed manually when the tool is added to the chart.
- 🎯 Target: Confirmed manually when the tool is added to the chart.
- ⛔ Stop-Loss: Set automatically by the code.
- 🪓 Break Even: Set automatically by the code.
- 👻 Else: Set manually from the settings.
- 💲 Current: Automatic.
NOTES:
- Be aware of the "time zone" feature. Change it to the time you're currently using for your trades.
- QUOTE use is really optional. I'd rather not use it.
- The 👻 is just an extra feature. Do whatever you want with it (example: for pointing out a dangerous zone).
- 💱: "Fee" feature is not working, but it will. Sorry for that.
Komut dosyalarını "entry" için ara
EMA TrendSurfer - RamRapoluThis is a TrendSurfer.
Do a Top Down Approach/Analysis.
TimeFrames :
1) Daily and 4H for Identifying Trend.
2) 1H for Entries
Rules of Entry
1) Identify All EMA are Spawning Parallelly and not Crossing on Daily and then 4H.
if Point 1 is true, then
2) Identify if the EMA are spawing well like in point1.
3) Wait for Candle breaking into 21 EMA.
4) once it breaks 21EMA and does not Touch 60EMA
then
1) if its uptrend/Long position
Entry:
Your Recent High + 21 ATR = Buy Stop Order
Stop Loss (SL) : your 60 EMA - 21 ATR
Target Profit(TP) :
TP1 : 1x SL, Sell 50% then move SL to 60EMA when TP1 hits
TP2 : 2x SL, Sell 50% then move SL to EMA when TP2 hits
TP3 : 3x SL, Sell 50% then move SL to EMA when TP3 hits
Buy On Dip StrategyStrategy:
Finding entry using pullback or Buy On Dip method.
This indicator using EMA line and ATR strategy to find best entry.
EMA line consist of :
EMA 20, EMA 50 and EMA 100.
Entry signal when candle rebound on EMA line and rocket signal appeared.
Exit when "SL" signal appeared.
1. Add Extreme Candle signal
- cross signal above candle
- Appeared if candle close outside Bollinger Band.
- Be cautious and do not try to make entry unless you are an expert.
2. Add EMA 200
- Can be turned on or off
Hotch v1.02 RSI+Fractals/VWAP Bands/Smoothed Moving Average. In this script the RSI is used the limit number of displayed fractals to only those fractals that are triggered in the RSI Overbought and Oversold areas. This helps keep the chart cleaner looking when combined with other indicators so other icons that are plotted above and below candles are not covered up.
For example if the RSI drops below 30 the next fractal would be displayed.
If the RSI stays below 30 each fractal would be displayed.
If the RSI dips below 30 and returns above 30 before there is a fractal is displayed, the next valid fractal would still be displayed.
With optimization of the RSI values this indicator can be used in confluence with the included VWAP bands and Moving average to find trend reversal entry points for trades. Also recommended is to use a divergence identifying lower indicator as a secondary confirmation of trade entry.
Example of a potential long entry using the displayed chart.
1) RSI under 30
2) Price was recently outside of your chosen VWAP multiple.
3) a fractal was triggered.
Additionaly:
4) Use other indicators or other confluences for a stronger trade signal.
5) Use your preferred method of determining entry price stop loss and take profit.
NOTE: Fractals normally paint two bars behind the current bar. In this code, with the combination of the RSI and Fractal Trigger, the fractal paints an icon on the current bar.
REMORA StrategyStrategy:
Finding entry using pullback or Buy On Dip method.
This indicator using EMA line and ATR strategy to find best entry.
EMA line consist of :
EMA 20, EMA 50 and EMA 90.
Entry signal when candle rebound on EMA line and rocket signal appeared.
Exit when "SL" signal appeared.
Portfolio Backtester Engine█ OVERVIEW
Portfolio Backtester Engine (PBTE). This tool will allow you to backtest strategies across multiple securities at once. Allowing you to easier understand if your strategy is robust. If you are familiar with the PineCoders backtesting engine , then you will find this indicator pleasant to work with as it is an adaptation based on that work. Much of the functionality has been kept the same, or enhanced, with some minor adjustments I made on the account of creating a more subjectively intuitive tool.
█ HISTORY
The original purpose of the backtesting engine (`BTE`) was to bridge the gap between strategies and studies . Previously, strategies did not contain the ability to send alerts, but were necessary for backtesting. Studies on the other hand were necessary for sending alerts, but could not provide backtesting results . Often, traders would have to manage two separate Pine scripts to take advantage of each feature, this was less than ideal.
The `BTE` published by PineCoders offered a solution to this issue by generating backtesting results under the context of a study(). This allowed traders to backtest their strategy and simultaneously generate alerts for automated trading, thus eliminating the need for a separate strategy() script (though, even converting the engine to a strategy was made simple by the PineCoders!).
Fast forward a couple years and PineScript evolved beyond these issues and alerts were introduced into strategies. The BTE was not quite as necessary anymore, but is still extremely useful as it contains extra features and data not found under the strategy() context. Below is an excerpt of features contained by the BTE:
"""
More than `40` built-in strategies,
Customizable components,
Coupling with your own external indicator,
Simple conversion from Study to Strategy modes,
Post-Exit analysis to search for alternate trade outcomes,
Use of the Data Window to show detailed bar by bar trade information and global statistics, including some not provided by TV backtesting,
Plotting of reminders and generation of alerts on in-trade events.
"""
Before I go any further, I want to be clear that the BTE is STILL a good tool and it is STILL very useful. The Portfolio Backtesting Engine I am introducing is only a tangental advancement and not to be confused as a replacement, this tool would not have been possible without the `BTE`.
█ THE PROBLEM
Most strategies built in Pine are limited by one thing. Data. Backtesting should be a rigorous process and researchers should examine the performance of their strategy across all market regimes; that includes, bullish and bearish markets, ranging markets, low volatility and high volatility. Depending on your TV subscription The Pine Engine is limited to 5k-20k historical bars available for backtesting, which can often leave the strategy results wanting. As a general rule of thumb, strategies should be tested across a quantity of historical bars which will allow for at least 100 trades. In many cases, the lack of historical bars available for backtesting and frequency of the strategy signals produces less than 100 trades, rendering your strategy results inconclusive.
█ THE SOLUTION
In order to be confident that we have a robust strategy we must test it across all market regimes and we must have over 100 trades. To do this effectively, researchers can use the Portfolio Backtesting Engine (PBTE).
By testing a strategy across a carefully selected portfolio of securities, researchers can now gather 5k-20k historical bars per security! Currently, the PTBE allows up to 5 securities, which amounts to 25k-100k historical bars.
█ HOW TO USE
1 — Add the indicator to your chart.
• Confirm inputs. These will be the most important initial values which you can change later by clicking the gear icon ⚙ and opening up the settings of the indicator.
2 — Select a portfolio.
• You will want to spend some time carefully selecting a portfolio of securities.
• Each security should be uncorrelated.
• The entire portfolio should contain a mix of different market regimes.
You should understand that strategies generally take advantage of one particular type of market regime. (trending, ranging, low/high volatility)
For example, the default RSI strategy is typically advantageous during ranging markets, whereas a typical moving average crossover strategy is advantageous in trending markets.
If you were to use the standard RSI strategy during a trending market, you might be selling when you should be buying.
Similarily, if you use an SMA crossover during a ranging market, you will find that the MA's may produce many false signals.
Even if you build a strategy that is designed to be used only in a trending market, it is still best to select a portfolio of all market regimes
as you will be able to test how your strategy will perform when the market does something unexpected.
3 — Test a built-in strategy or add your own.
• Navigate to gear icon ⚙ (settings) of strategy.
• Choose your options.
• Select a Main Entry Strat and Alternate Entry Strat .
• If you want to add your own strategy, you will need to modify the source code and follow the built-in example.
• You will only need to generate (buy 1 / sell -1/ neutral 0) signals.
• Select a Filter , by default these are all off.
• Select an Entry Stop - This will be your stop loss placed at the trade entry.
• Select Pyamiding - This will allow you to stack positions. By default this is off.
• Select Hard Exits - You can also think of these as Take Profits.
• Let the strategy run and take note of the display tables results.
• Portfolio - Shows each security.
• The strategy runs on each asset in your portfolio.
• The initial capital is equally distributed across each security.
So if you have 5 securities and a starting capital of 100,000$ then each security will run the strategy starting with 20,000$
The total row will aggregate the results on a bar by bar basis showing the total results of your initial capital.
• Net Profit (NP) - Shows profitability.
• Number of Trades (#T) - Shows # of trades taken during backtesting period.
• Typically will want to see this number greater than 100 on the "Total" row.
• Average Trade Length (ATL) - Shows average # of days in a trade.
• Maximum Drawdown (MD ) - Max peak-to-valley equity drawdown during backtesting period.
• This number defines the minimum amount of capital required to trade the system.
• Typically, this shouldn’t be lower than 34% and we will want to allow for at least 50% beyond this number.
• Maximum Loss (ML) - Shows largest loss experienced on a per-trade basis.
• Normally, don’t want to exceed more than 1-2 % of equity.
• Maximum Drawdown Duration (MDD) - The longest duration of a drawdown in equity prior to a new equity peak.
• This number is important to help us psychologically understand how long we can expect to wait for a new peak in account equity.
• Maximum Consecutive Losses (MCL) - The max consecutive losses endured throughout the backtesting period.
• Another important metric for trader psychology, this will help you understand how many losses you should be prepared to handle.
• Profit to Maximum Drawdown (P:MD) - A ratio for the average profit to the maximum drawdown.
• The higher the ratio is, the better. Large profits and small losses contribute to a good PMD.
• This metric allows us to examine the profit with respect to risk.
• Profit Loss Ratio (P:L) - Average profit over the average loss.
• Typically this number should be higher in trend following systems.
• Mean reversion systems show lower values, but compensate with a better win %.
• Percent Winners (% W) - The percentage of winning trades.
• Trend systems will usually have lower win percentages, since statistically the market is only trending roughly 30% of the time.
• Mean reversion systems typically should have a high % W.
• Time Percentage (Time %) - The amount of time that the system has an open position.
• The more time you are in the market, the more you are exposed to market risk, not to mention you could be using that money for something else right?
• Return on Investment (ROI) - Your Net Profit over your initial investment, represented as a percentage.
• You want this number to be positive and high.
• Open Profit (OP) - If the strategy has any open positions, the floating value will be represented here.
• Trading Days (TD) - An important metric showing how many days the strategy was active.
• This is good to know and will be valuable in understanding how long you will need to run this strategy in order to achieve results.
█ FEATURES
These are additional features that extend the original `BTE` features.
- Portfolio backtesting.
- Color coded performance results.
- Circuit Breakers that will stop trading.
- Position reversals on exit. (Simulating the function of always in the market. Similar to strategy.entry functionality)
- Whipsaw Filter
- Moving Average Filter
- Minimum Change Filter
- % Gain Equity Exit
- Popular strategies, (MACD, MA cross, supertrend)
Below are features that were excluded from the original `BTE`
- 2 stage in-trade stops with kick-in rules (This was a subjective decision to remove. I found it to be complex and thwarted my use of the `BTE` for some time.)
- Simple conversion from Study to Strategy modes. (Not possible with multiple securities)
- Coupling with your own external indicator (Not really practical to use with multiple securities, but could be used if signals were generated based on some indicator which was not based on the current chart)
- Use of the Data Window to show detailed bar by bar trade information and global statistics.
- Post Exit Analysis.
- Plotting of reminders and generation of alerts on in-trade events.
- Alerts (These may be added in the future by request when I find the time.)
█ THANKS
The whole PineCoders team for all their shared knowledge and original publication of the BTE and Richard Weismann for his ideas on building robust strategies.
═════════════════════════════════════════════════════════════════════════
Simple Moving Average Trend Strategiemy own word
so I think my pine is Indicator to find some market entrys or market exits and you can also define fast which trend is possible active.
description of the indicator:
BUY/SELL Signal with Filter based on a simple Moving Average strategie.
The simple Moving Average strategie based on theory that a Trend is made after price cross the Moving Average.
To show a possible Trend simple the Candle bodys change Colors if the close Price is below or above the fast Moving Average.
above the Average =green
below the Average =red
The Indicator shows you a BUY Signal when the Candle is crossover the fast Moving Average but only when the fast Moving Average is above the slow Moving Average.
The Indicator also show you a Buy Signal when the Candle is crossover two Moving Averages.
The Indicator shows you a Sell Signal when the Candle is crossbelow the fast Moving Average but only when the fast Moving Average is below the slow Moving Average.
The Indicator also show you a Sell Signal when the Candle is crossbelow two Moving Averages.
The Filter is in use to count Bars bevor the Candle Crossover the Moving Average and to count how many Bars bevor the breakout hit Moving Average.
if you want you can use your own Filter
you can also use the Notifications to get a Signal on your Phone whenn a Buy or Sell Signal is activ.
User Manual
to use the indicator there 3 Rules to minimize fail decissions
the Signal is only true when
-Rule#1 Signal has same color like the Candle Bar Body and the slow Moving Average
-Rule#2 Signal is at the crossover the Moving Average maybe when Candle close its to late
-Rule#3 Price must be Analyzed don´t Buy at a Market Top and don´t Sell at the Market bottom
its also a good indicator to have a close view in the trend of a product
you can also find Harmonic Patterns better .
for all of my German friends:
Beschreibung
BUY/SELL Indikator mit Filter basierend auf einer einfachen Gleitenden Durschnitt Strategie.
Die einfache Gleitende Durschnitt Strategie besagt das ein Kurs in ein Trend übergeht nach dem durchbruch eines Gleitenden Durschnittes.
Um einen Trend möglichst einfach zu zeigen färben sich die Kerzen wenn sie unterhalb des schnellem gleitenden Durschnittes laufen.
Rot für einen Abwärtstrend und Grün für einen Aufwärtstrend.
Der Indikator zeigt dir ein Kaufsignal wenn der Preis den schnellen Gleitenden Durchschnitt nach oben durchbricht aber nur wenn der schnelle Durschnitt über dem langsamen verläuft um Fehler zu vermeiden.
Der Indikator zeigt dir ein Verkaufsignal wenn der Preis den schnellen Gleitenden Durchschnitt nach unten durchbricht aber nur wenn der schnelle Durschnitt unter dem langsamen verläuft um Fehler zu vermeiden.
Der Filter Zählt maximalen Betrag der Balken bevor der Preis den Durschnitt durchbricht und ausserdem zählt er wieviele maximal möglichen Balken direkt vor dem Ausbruch den Durschnitt berührt haben.
Anhand dieser Zahlen Filtert er nochmals Signale. (mal die Werte hoch stellen so Werden Gewinnraten bis 80% erzielt)
natürlich kann jeder eigene Filter verwenden.
Abschlusswort
guter Indikator um Signale auf das Handy zu bekommen oder um schnell einen Trend im Markt zu erkennen.
Benutzeranweisung
Um den Indikator im Swing bereich zu nutzen und Fehler zu vermeiden gibt es 3 Hauptregeln.
Regel#1 Signal hat die gleiche Farbe wie der Kerzen Körper und die gleiche Farbe wie der langsame Gleitende Durschnitt.
Regel#2 Signal entsteht bei dem kreuzen des Gleitenden Durschnittes, hier ist auf den Kerzenschlusskurs zu achten weil es dann in dieser Zeit Ansicht im zeitschluss zu fehlern kommt.
Regel#3 Markt Preis sollte vorher immer Analysiert werden um keine Shorts in Allzeittiefs zu kaufen oder Longs in Allzeithochs.
//viel Spaß und lasst einen Daumen da
//mit besten grüßen
//euer Petie
E8-BANK ZONES 4.0 THE E8- BANK ZONES will highlight the most accurate zones the market has to offer.
SETTINGS:
Remove uncheck CHARS - this feature simply places a star on high momentum candles to help identify strong momentum bullish and bearish candles.
INPUT:
You have the ability to choose which zones to display. Our recommendation is to activate continuation zones when price is trending and reversal zones when price is at key level/ strong support and resistance areas.
CONTINUATION ZONES
REVERSAL ZONES
FLIP ZONES
Super Trend Triple - With Buy/Sell/Close and trailing S/L AlertsSuper Trend Triple by © PaulJC
Having 3 super trend indicators is a fairly well-known strategy, taking an order when all 3 lines confirm the trend
while above/below the 200ema (optional)
!!!!! Do your own backtesting on symbols you trade before trying with real funds !!!!!
That said, this works well on most time frames when trailing the stop up the trend line...
You need to see which is the best line to follow based on the symbol you are trading and select this in the options if you want alerts when it moves!
Alerts for: (Set alerts to 'Once Per Bar Close' to avoid early entry.)
Buy Signal
Sell Signal
Order Signal (Both Buy or Sell)
Change in Stop
Change in stop with stop prices (Select "Any alert() function call")
Close Position
Options/Inputs:
Show/Hide Trend Lines
Show/Hide Background Colors
Show/Hide Entry Background
Show/Hide Close Background
Show/Hide Entry / Close Arrows
Show/Hide Entry / Close Labels
Show/Hide 200EMA
Turn On/Off EMA200 Filter
Choose which Trend Line to follow for SL alerts
Turn off all alerts
Any ideas for improvements or changes, let me know :)
Zeta Volume Profile ProWhat is Volume Profile?
Volume Profile is an advanced order flow analysis which displays volume distribution at various price points over time. It may be called a recent biodata of a stock which is displayed on a chart as a horizontal histogram. Volume Profile can help reveal significant price levels where smart money is sitting.
Why Volume Profile is important?
The life of a Future Contract is of maximum 3 months. All the near month contracts expire on the last Thursday of the respective month. But, the traders who want to continue holding on to their winning positions would likely take the same position in the next series. So they often close the existing position near the expiry and take position in the next series. This activity is termed as Rolling Over the position and mostly it catches strength about 5-6 days before the expiry.
If we start tracking Volume Profile 5-6 days before the monthly expiry, we get to know the levels where maximum concentration of volume is located. In layman terms, we want to see where the biggest crowd is sitting. In this crowd, there will be equal number of buyers and sellers and when either party starts feeling the heat (market goes against them), they try to limit their loss by Buying/Selling and the random walks become a unidirectional march.
Zeta Volume Profile Pro tries to detect this crowd behavior by tracking maximum volume concentration area and when price leaves this area, it generates Buy/Sell Signals.
What is unique about Zeta Volume Profile Pro?
There are other volume profile indicators also in the market but Zeta Volume Profile Pro is unique in following aspects:
1. Whenever last Thursday of any month starts, Zeta Volume Profile Pro resets automatically and starts calculating volume and price levels from 30 bars backwards (default value which the user can change). Assuming we are looking at 30 Min. Time-Frame chart and your Stock Exchange opens for 6 hours a day, the last 30 candles cover 5 days data. If in your time zone, stock exchange remains open for longer hours, you can either increase minimum number of bars to be considered or you may increase your time-frame. The idea is you should cover 5-6 days of data on last Thursday of the month.
2. Once you set the minimum number of bars and time-frame relevant to you, leave everything to Zeta Volume Profile Pro. Now with every passing tick, the volume profile created by Zeta Volume Profile Pro will keep changing and more and more price bars will keep adding to the minimum number of bars set by you till last Wednesday of the current month occurs.
3. On any given day or time, whenever price breaks out of maximum volume concentration area, the indicator generates a Buy/Sell Signal and often such breakouts give handsome returns.
What markets it is suitable for?
It can be used in any time-zone on any stock exchange. However, since the concept is based upon Volume Concentration, it works best on highly liquid stocks, commodities, currency pairs and indices.
It will not give good results if the underlying security is illiquid because volume profile generated will not be efficient one.
Since Future Contracts volume tends to be more than cash segment, it gives much better results on Futures Charts.
Which time frames are best for this indicator?
Choose such time-frame and minimum number of bars which are equivalent to 5-6 trading sessions in your time-zone. In settings, there is an option to set your time-zone.
How to Take Buy/Sell Entry with Zeta Volume Profile Pro?
Whenever you see a Buy Signal appearing on your chart, take Buy Entry and whenever you see a Sell Signal, take Sell side Entry.
Your STOP LOSS would be high or low of candle which occurs just before the Buy/Sell Signal respectively.
Keep moving your STOP LOSS up as the price moves in your favor and when market turns around and you see a SELL signal, it is time to book your BUY position profit and take Entry on SELL Side now and so on.
What are the limitations of this indicator?
Sometimes price takes a break out of maximum volume concentration area and then again comes back which might hit your stop loss. However, as the backtested data shows, having faith in the indicator will give you some so nice breakouts that a single trade will cover your 10 to 20 Stop Loss hits.
How to get this indicator?
This is invite-only indicator. Get in touch with us using information given below in Signature field to try this tool FREE for 02 live sessions. After that, it is subscription based access.
Text Price to Chart By MercalonaThis script was developed to visualize ideas of trades sent by groups on the internet. For example (Telegram, Whatsapp, Discord).
This is a trade idea:
XAUUSD BUY
Entry: 1766.40
SL: 1757.40
TP1: 1769.40
TP2: 1772.40
TP3: 1776.40
TP4: 1780.40
TP5: 1800
So what needs to be done?
1. Open this script in the "GBPNZD" chart.
2. Click on "configuration"
3. Copy the message.
4. Paste the message in the "Prices" field
5. Click "Ok"
What is the end result?
Then, if everything goes well, all lines compatible with the price informed in the message text will be displayed.
The lines can be green if the word "buy" or "Bought" exists, otherwise it will be red
It is also possible to configure 3 dates to be displayed on the graph.
Usually the first date is set to know the point that the entry was made in the trade.
Please feedback us.
We hope this helps you!
Dynamic RSIThe standard setting of RSI is 14 periods, with the 30 line being oversold and the 70 line being overbought.
However, it is not effective to use only that number as an entry.
In the long time frame, it shows the momentum of bullish/bearish pressure and does not reverse immediately.
In the short time frame, the reversal appear frequently and it is difficult to make a decision.
This script calculates the zone based on the recent RSI fluctuation.
You will fix your entry direction whether the center line is above or below the RSI(50).
A return to the zone is a sign of entry, which eliminates hesitation.
It may be able to be used even in parallel range or against trend.
The basic idea is based on the following script;
[SATS]Foreca$terForeca$ter is an indicator design for trend trading.
Description:
Foreca$ter is originally design for trend trading, but with the timeframe focus on lower timeframe eg: 15mins, 5mins and lower, it can be used as indicator scalping.
There are symbol in Foreca$ter indicator that preview on the where next possible Buy/Sell signal might be generated and pay attention on it.
In the setting, multiple signal can be toggle on to shows multiple signal that generated. It also provide the ability to set SL and multiple TP targets for alert setting.
The algorithm is based on multiple aspect to signal Buy and Sell signal. Below are the aspect behind.
-Determine support resistance on higher time frame using pivot level.
-Multiple EMAs cross are use for trend determination.
-On lower timeframe, breakout of support or resistance follow by trend confirmation to signal Buy and Sell
-The signals are ticker specified and there is fine tuned between different tickers and timeframe. Therefore it only works on the specified tickers and timeframe in the sysmbol.
User Manual:
Symbol: You must match the symbol with the pairs and timeframe for it to works. Eg: For "Binance: BTCUSDTPERP 15mins" you need to set the ticker as Binance: BTCUSDTPERP and set timeframe to 15mins
Show Info Panel: Toggle on and off of info panel.
Multiple Entry: Toggle on to generate signal whenever the condition are met. This give you next possible entry if you missed the current one.
Customizable stoploss and multiple take profit target
Alert for Buy/Sell, SL and multiple TP
Current support pairs:
-BTCUSDTPERP 15mins
-BNBUSDTPERP 15mins
-LINKUSDTPERP 15mins
-LINKUSDTPERP 5mins
-LINKUSDTPERP 3mins
Remarks:
- Foreca$ter is continuous develop on new pairs and on different timeframe.
DM us in TV or our Discord for access to the indicator.
Divergence RSI-OBVDivergence detector on RSI of On Balance Volume. Using a modified script from XaviZ(RSI-VWAP) but instead of VWAP as a source in this script source is OBV, for divergence detector is a script from Libertus. In this version, results are filtered using STOCH oversold or overbought filter from matt_b script MFI Divergence v2.
An indicator for entry in choppy markets, signals for entry in trending market to follow the trend work well. A good way to spot if there is a weakness in a trend but gives too many false positives for spot reversal, so only good for scalping with tight stops if betting against the trend. Multiple divergences in combination with indicator hitting the overbought or oversold should give good places for entry.
GAURs Polynomial Regression ChannelsThanks to The Sweet Lord , here is the Gaur's Polynomial Regression Channel.
Its a Polynomial Regression Channel but applied a little differently. Wont go into technical details much. Overview of options is as follows-
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Channel Options
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1. Degree of Polynomial: 1/2/3
Default = 3
Defines the degree of polynomials - 1,2,3. Note here, degree 1 will not be a straight line since its applied differently.
Try different degrees for different fits and market conditions.
2. Channel Length:
Default 30 (candles)
You can go beyond 100 or 200 candle lengths but smaller is the usual preference of Poly-Reg-channel traders. It all depends on market conditions and your style of trading. Do your research. I am usually comfortable with a range of 20-50 (in crypto markets).
3. Basis of Channel height/boundries: ATR/Manual
Default: ATR
ATR provides a dynamically adjusted entry/exit bounds of the channels. As ATR changes, the channel bounds also changes its height. It can also be fixed manually. Manual heights wont change automatically.
4. Basis of Y-Value: open/close/ sma / ema / wma /hilow
Default: close
Y- value is the y value of the (x,y) coordinates used while calculating the regression coefficients. Dont worry about it, its nothing serious.
5. Apply channel smoothning using sma?: Yes/No
Default: Yes
Without smoothning, the channel does not "look" good.
6. Shaded Area Height Percentage:
Its the extra margin for the channel. Its in percentage of the total height (defined 3 above) of channels. The shaded area provides an extra allowance for your entries or exits beyond the ATR or manual heights.
7. Plot RSI?: Yes/No
Default: Yes
Plots RSI (orange line in between the channel - its different from the dotted center line) considering the downbound of channels as 0 (oversold) and upbound of channels as 100 (overbought)
8. Plot 200 sma?: Yes/No
Default: Yes
It plots a 200 period fast (green) and 225 period slow (red) sma . I usually use two MAs. Its visually very easy to understand.
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Sample Strategy
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You can develop your own strategy with the channels. But following is just one of the ways you can trade.
Best Application: Ranging markets. But can be happily used in volatile conditions, with a little experience.
1. SMA: -- (this condition is optional really)
If green (200) is above red (225) go only long. If red is above green go only short. Defines long term trend of the market.
2. Channel slope: -- (this stuff needs practice/experience)
Depending on the channel slope, like if its tending to go up or down, you can choose to take only short or long trades. It defines short term momentum of the market.
3. ATR based heights:
Since its ATR based, the channel height are our natural entry and exit points.
Long:
When price touches lower shaded area, consider possible long entry. Exit on price entering the upper shaded area.
Short:
Enter on upper bound shaded area, exit on lower.
4. RSI:
For additional conformations. Again note, the RSI considers the lower bound of channel as 0 and upper as 100. But since, the channel moves up and down, the RSI will also move not only as RSI but also with the channel. Meaning, say if the RSI is valued at 50, then it will be near the center of the channel but since the center changes as time and price changes, the RSI valued at 50 at different times will not be at the same horizontal level respect to the graph, although it will be at the same level (center) respect to the channel.
5. PRC Channel Percentage label:
This label is at the lower side a bit ahead of the current candle. Provides you info on what is the channel percentage. This is especially helpful in crypto markets to gauge your possible percentage profit where profits can be much higher than forex or other instruments. It can also helps you select a suitable market/instrument if the channels are based on ATR.
6. Extra indicators:
I usually use stochastic along with this setup for extra conformations.
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Donate
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Use freely and donate generously if you find value. Your help will really help.
I had earlier provided BTC addresses for donations but it seems to violate TV House rules.
Hope they make TV coins redeemable in future.
- Pranav Joshi
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Extra Info
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// © cpranavjoshi
// special thanks to the "Trading View" people for providing this great platform for free
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// MATH
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// special thanks to an article on the web that provided layman friendly explanation of the maths
// unfortunately i wont be able to provide the link to that article owing to TV restrictions, though i sincerely would have liked to credit the author.
// Google search this phrase, and you should be able to get it in one of the first results - "polynomialregression Mathematics of Polynomial Regression"
// my regression math calculation is a further resolution upon the generalized matrix formula given in the that article.
// the generalized matrix looks scary but in fact its much simpler than one may assume
// the summation sign things are just float numbers that can be easily found out
// so we get a matrix with number of equations equal to the number of unknowns.
// e.g. if its a 3rd degree poly, it has 4 unknowns (c0,c1,c2,c3) with 4 equations as in the generalized matrix
// it can be resolved by simple algebra
// Note: the results have been verified with excel using same input data points.
// pine was difficult for me so i coded it in python first to verify
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// WHY
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// this script was coded because Pranav badly needed Polynomial channels (had used them in mt4 earlier)
// and at the time of this coding, i could not find any readily available script in the trading view public library ( tnx public)
// the complex math was probably the hurdle
// i m not good in maths, but by the Will of the Lord, i could resolve the issue with simple algebra and logic
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// PINE
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// i am just an average (even poor probably) programmer and pine script is not my language
// this is a humble attempt to write my first pine with whatever i could do quickly
// experts - feel free to develop if needed. have used some workarounds in drawings/plottings. rectify them if possible
//
//
// - Pranav Joshi
Ichimoku Cloud LONG and SHORT indicatorsThis simple script uses 4 rules from Ichimoku Cloud indicator to marks position entry points.
The idea is that by entering a long position just when these 4 criteria are met, you can capture a 2-3% plus move within the next few days:
1. The conversion line is above the base line
2. The price is above the clouds
3. The lagging span is above the clouds
4. The rightmost cloud is green
The same 4 criteria but inverted will indicate a short entry.
In order to avoid 'stale' entries which can lead to chasing, we want the price and conversion line crossovers to be recent, within the past few days. Ideally we want to enter before close on the day the entry signal is given so that we can capture any potential gap up (or down if short). Often the price will make a nice move the next day or day after. If any of the criteria become invalidated, or if after 4-5 days there hasn't been significant movement, then it was a false alarm.
This script will show the basic Ichimoku Cloud indicators, plus labels for bearish and bullish price and conversion line crossovers as well as LONG and SHOT indicators to show when the entry criteria have been met.
DCA CalculatorDollar Cost Averaging (DCA) is a strategy used to invest fixed amounts of money over given time intervals. It is typically used to grow an asset over time, while also reducing the risk that comes with volatility of the market.
This script was made to help make it easier to calculate Take Profit (%) when using Safety Orders on 3Commas. By using safety orders you can average down your initial investment which in turn brings down your Profit Target. A couple of the settings should look familiar if you've used 3Commas Bots before.
Input Settings
Bot Type: Select whether you are using a "Long" or "Short" bot.
Entry Price: Set this to your positions initial Entry Price.
Take Profit (%): Set this to the profit percent you are targeting.
Base Order Size: Order amount of your initial Entry.
Safety Order Size: Order amount of your first Safety Order.
Price Deviation (%): Step in percent from your initial order. This will be the deviation % of your first safety order
Safety Trades Count: Total number of safety orders to be used. Max value is currently 10.
Volume Scale: Volume of each additional safety order is multiplied by this value.
Step Scale: Step between each additional safety order is multiplied by this value.
Trading Fee (%): A fee is applied for each order that gets placed, then the total of those fees is added to the Take Profit (%). The trading fee depends on your exchange, but is typically between (0.1 to 0.15%).
Manual Safety Orders: For the manual safety orders, the checkbox will enable that specific safety order. You can set the "Entry Price" and "Order Size" of each one individually.
Binary KillerThis Binary Options strategy is for the 1-minute timeframe and utilized the martingale strategy. If it does not win the first one, and there is a signal to re-enter, 2.5x your trade amount and enter. (The most I have seen this strategy lose is four times in a row.) If you follow the signals, you are looking at a very high win percentage (relative term) when you combine the re-entries for the win.
1. Set alerts on ONCE PER BAR, do not set for bar end.
2. Once the alert signals, go to the chart and watch to make sure the signal CLOSES at the end of the candlestick. (While you are doing this you should have your binary options broker up, setting up your trade. Make sure you start your trade small. Nobody ever went broke taking a profit)
3. Set your trade time for 1 minute, enter as soon as the candle CLOSES, and the signal is confirmed. (It will go away if it is not a confirmed entry, DO NOT enter if the signal goes away)
4. If the trade is losing, look for a re-entry signal, enter at the close of the candle. Continue as long as you get signals or until you win.
*Trade this at your own risk, it is a risky strategy, know your limits, and do not overtrade. Get a few wins and get off.
Try not to mess with the settings too much, these are optimized for every forex pair.
This indicator is a combination of Bolinger Bands, Stoch, and RSI methods to ensure the best possible entry.
The 11 moving averages with bar color It is made by 11 moving averages and an indicator that color the candles when there is a strong trend.
The moving averages change color becoming green or red if there is a bullish trend in green or a bearish trend in red.
There are few ways to use this indicator.These two is what I found easier, please back test it and share your thoughts.
1. When the cloud is red and the candle is outside the cloud and the candle become red it s a sell entry.
When the cloud is green and the candle is outside the cloud and become green it s a buy entry.
2.The moving averages can be used as dynamic support and resistance.In a red cloud if a candle stop exactly where there is a moving averages and the next candle is a bearish engulfing candle it s a sell entry.
In a green cloud if a candle stop exactly where there is a moving averages and the next candle is a bullish engulfing candle it s a buy entry.
The exit is when the bar is not colored anymore or if the bar close below/above the second moving average from the top/from the bottom
Please look as well the blue moving averages that could work as dynamic support/resistance
VERY IMPORTANT WHEN YOU TRY A NEW STRATEGY TEST IT IN A DEMO ACCOUNT FOR AT LEAST 3 MONTHS
Every donations will be devolved to cancer research and you ll have one month free trial.
If you want to purchase this indicator 30% will be devolved to cancer research.
Please leave a comment or message me if you want you have two weeks trial.
Enjoy!
TheStratHelper-Short Reversalsbased on the teachings of Rob Smith
1= Inside Candle
2= Break on one side
3= Englufing Candle/Outside Candle
Identifies short setups like 212, 312, 122 and 22
My potential entry is marked with a green line and a label that tells you the price as well. I typically enter 1 or 2 cents belowthe marked entry.
My potential target (magnitude) is marked with yellow lines and a label that tells you the price as well.
212, 312 and 122 has entry and magnitudes marked. If there are multiple magnitudes, those are marked with yellow lines which has the price written right above them. The program looks at potentially 4 or 5 magnitudes.
No magnitudes marked for a reversal 22.
Most of the colors can be customized
PM me for more info on how to access this indicator
TheStratHelper-Long Reversalsbased on the teachings of Rob Smith
1= Inside Candle
2= Break on one side
3= Englufing Candle/Outside Candle
Identifies long setups like 212, 312, 122 and 22
My potential entry is marked with a green line and a label that tells you the price as well. I typically enter 1 or 2 cents above the marked entry.
My potential target (magnitude) is marked with yellow lines and a label that tells you the price as well.
212, 312 and 122 has entry and magnitudes marked. If there are multiple magnitudes, those are marked with yellow lines which has the price written right above them. The program looks at potentially 4 or 5 magnitudes.
No magnitudes marked for a reversal 22.
Most of the colors can be customized
PM me for more info on how to access this indicator
Percent Calculator OverlayFirst and foremost: I'm inspired to publish my scripts by the other member's who publish quality, detailed scripts -a token of my appreciation and support, Thank You.
The percent calculator overlay is an extension of my Percent Calculator indicator that allows one to visualize the percent metrics they're interested in trading: it''s function is to simply output the target price from either the close or ones trade-entry based on a desired percent return on investment (R.O.I.) then plots it on top of the chart as an area plot and notes anytime in the past the desired conditions were met with a {flag "Success"}.
Say you want to profit 15% from your entry: open the settings and plug in your entry value and the number 15 into the appropriate settings and the indicator displays what the target price should be (rounded to two decimal places) right on the chart with the area as well as the horizontal line which is enabled by the "track price" setting.
The percent calculator overlay also goes one step further by finding the average percent return on investment over a desired interval of time (the default is 20 candles) as well as allows one to adjust the size of the price move the average percent return on investment is being calculated for which is displayed on the chart as circles and also displays a horizontal line for the most current value with the enabled "track price" setting.
NOTE: unlike the Percent Calculator the Percent Calculator Overlay creates a visual record of the number of success' the programmed parameters have achieved (based on the closing prices) which self adjusts when the "size of the move" is changed.
Say you want to find the average percent return on investment for a 3 candle swing over a 200 candle interval of time: open the settings and plug the number 200 into the interval setting and the number 3 into the price-move setting and the indicator displays what the average 3 candle swing returns on investment and plots what the target price would be to achieve the average return given the current close (or entry price) with the gray circles and the horizontal line enabled with the "track price" setting.
Practical Application: comparing ones desired return on investment to the average return on investment can help determine how realistic ones goals are... it's unlikely to achieve 100% return on investment if the average is only around 10% (given the parameters one is working within) but on the other hand achieving 5% return on investment is highly likely. By visualizing roughly how often the given parameters have achieved success on the chart one can become a lot more comfortable, confident, and accurate with their goals.
Forward Looking Statement: I believe in the not too distant future plug and play automated trading systems will be made available to the general public. Over the past 4 years we have seen brokers offer free charting software, commission free trading, and now fractional shares; I don't think it will be much longer before we can simply click a few buttons and tell the computer to enter when the stochastic is overbought/sold and exit with a predefined percent gain (and to repeat that process indefinitely). -Imagine the data moving 2-3-4 times a second, the liquidity flowing like Niagara falls, and 95% of the working population not only starting to invest but gains the extra cash flow they desperately need.
Beta testing: please comment or send me a message if you happen to stumble over any bugs or have any suggestions for improvement.
Percent Calculator (Return On Investment Target Price)First and foremost: I was inspired to publish my first script after reading some of the other member's scripts -a token of my appreciation and support, Thank You.
The percent calculator is a very simple and basic indicator to use, it''s function is to simply output the target price from either the close or ones trade-entry based on a desired percent return on investment (R.O.I.).
Say you want to profit 15% from your entry: simply plug in your entry value and the number 15 into the appropriate settings and the indicator displays what the target price should be (rounded to two decimal places).
The percent calculator also goes one step further by finding the average percent return on investment over a desired interval of time (the default is 20 candles) as well as allows one to adjust the size of the price move the average percent return on investment is being calculated for.
Say you want to find the average percent return on investment for a 3 candle swing over a 200 candle interval of time: simply plug the number 200 into the interval setting and the number 3 into the price-move setting and the indicator displays what the average 3 candle swing returns on investment.
Practical Application: comparing ones desired return on investment to the average return on investment can help determine how realistic ones goals are... it's unlikely to achieve 100% return on investment if the average is only around 10% (given the parameters one is working within) but on the other hand achieving 5% return on investment is highly likely.
