Ichimoku Cloud MasterIchimoku Cloud Master aims to provide the ichimoku trader with easy alert functionality to not miss out on valuable trade setups. The key purpose of this script is to better visualise crucial moments in Ichimoku trading. These alerts should not be used for botting in my opinion as they always need a human to confirm the ichimoku market structure. For example, is the Kijun-Sen flat and too far away from price? A good ichimoku trader will not enter at such a point in time.
Explanation of script:
Chikou(lagging span): pink line, this is price plotted 26 bars ago. People ignore the power of this it is crucial to see how chikou behaves towards past price action as seen in the chart below where we got an entry at red arrow because chikou bounced from past fractal bottom.
Kijun-Sen(base line): Black line or color coded line. This is the equilibrium of last 26 candles. To me this is the most important line in the system as it attracts price.
Kijun = (Highest high of 26 periods + Lowest low of 26 periods) ÷ 2
Tenkan-Sen(conversion line): Blue line. This is the equilibrium of last 9 candles. In a strong uptrend price stays above this line.
Tenkan = (Highest high of 9 periods + Lowest low of 9 periods) ÷ 2
Senkou A (Leading span A)= Pink cloud line, this is the average of the 2 components projected 26 bars in the future.
Senkou A = (Tenkan + Kijun) ÷ 2
Senkou B (Leading span B) = Green cloud line, this is the 52 day equilibrium projected 26 bars in the future.
Senkou B = (Highest high of prior 52 periods + Lowest low of prior 52 periods) ÷ 2
Notice how the distance between Chikou and the cloud is also 52 bars. This is all part of Hosoda's numbers which I am not going to explain here.
Fractals: These are the black triangles you find at key turning point. If you want to know how they work reseach williams fractals. I've used fractals with a period of 9 as it is an ichimoku number. These fractals are useful when working with ichimoku wave theory. Again I will not explain that here but in further education
Fractal Support: Ability to extend lines from the fractals which can be used as an entry/exit mechanism in your trading. For example wait for tenkan to cross kijun and then enter on fractal breakout.
Signals:
Crossing of Chikou (lagging span) with past Kijun-Sen: this will color code the Bars / Kijun-Sen (you can turn this off in options)
The script also has a signal for this, this will be the green and purple diamonds. Where green is bullish and purple is bearish.
wy is this important?
When current price plotted 26 candles back (chikou) crosses over the past equilibrium (kijun-sen) this usualy means price has moved past resistance levels where sellers come in. This indicates a switch in market structure and price is bullish from this point, this is the same in the other direction.
Kumo Twist: when the kumo cloud (future) has a crossover from for example green to red (bull to bear). The script plots these using the colored cross symbols as seen in the picture above. A chikou cross + a Kumo twist at same bar of next to eachother below the cloud can be a great entry sign: this would be an entry after cross in the chart above.
Kijun Bounce: when in an uptrend the price retraces back to Kijun-Sen and starts to go back up. These are marked by the yellow circles as seen in chart below:
low below Kijun-Sen and close above it
Strong Trend: when Tenkan is above Kijun, price above cloud, future cloud green, chikou above close, chikou above Kijun we establish a strong bullish trend. For bearish the exact opposite. The script has a function to send an alert at the start of such trends and to plot them with small colored circles above the bars.
Customisation:
I've added options to disable specific aspects of the indicator for those traders who do not want to use all aspects of the indicator. In the customisation tab I've given each part a clear title so you can use your own colors/shapes.
The perfect entry?
Further info:
Look into my education pane, I will be adding education in the future. The chance of me making a more advanced version of the script including line forecasting etc is rather high so watch out for that.
For those who want to master this system I recommend reading the book:
How to make money with the ichimoku system by Balkrishna M. Sadekar
Or the originals books by Hosoda the inventor of Ichimoku if you can get your hands on them and can read Japanese.
Almost all info about the ichimoku system you find on the internet will lose you money because they reduce the system to simple signals that do not generate money.
I will be providing educational material on tradingview using this indicator.
Komut dosyalarını "entry" için ara
Top 40 High Low Strategy for SPY, 5minThis strategy is developed based on my High Low Index SPY Top 40 indicator
Notes:
- this strategy is only developed for SPY on the 5 min chart . It seems to work with QQQ as well, but it isn't optimized for it
- P/L shown is based on 10 SPY option contracts, call or put, with strike price closest to the entry SPY price and expiry of 0 to 1 day. This includes commissions (can be changed). This is only an estimate calculated using an arbitrary multiplier factor, this can be changed in the setting
- P/L is based on $5000 initial capital
- Works with both regular / extended trading session turned on/off. However, max drawdown is 1/2 with extended trading session ON
- there is still a bug that doesn't allow alert to be created due to calculation error, will update once fixed
This strategy combines signals from the following indicators to determine entry signals:
- High Low Index SPY Top 40
- MACD
- Linear Regression Slope
Entry signal is triggered when:
- High Low Index line crosses the EMA line
- MACD trending in the same direction
- Linear Regression slope is accelerating above a threshold in the same direction, indicating a strong trend
Profit target(PT) and stop loss(SL) are determined using ATR value, with 2:1 Reward to Risk ratio as default.
Exit signal may be triggered prior to PT or SL trigger when:
- High Low Index SPY Top 40 shows a reversal after overbought or oversold conditions (optional)
- Opposite entry signal is triggered
There are a number of optional settings:
- Turn on/off "option trading", P/L will be calculated using share price only without multiplication factor for trading option contracts
- # of options per trade, default to 10
- Reinvest with profit made
- Trade with trailing SL after PT hit
- Take profit early based on Top 40 overbought/oversold
- Trade 0/1 day expiry. This will signal exit by the end of the day on Mon/Wed/Fri, and only exits 1/2 of positions (if in profit) on Tues/Thurs
- Can reduce the SL level without impacting PT
- No entry between 10:05 - 10:20 (don't ask me why, but statistically it performs better)
Consider donating me some of your profit if you make $$$ hahaha~ ;)
Enjoy~~
Measure Volume, Momentum, Trend, VolatilityThis script displays the following indicators in one pane to quickly determine several important factors regarding price action. It allows the user to quickly see all of most important factors surrounding price action in one pane with one quick glance. This should be incredibly helpful and allow things like double divergence and trend confirmation to be spotted much more quickly. I personally use the data in this indicator to replace four separate indicators and it has brought my win rate and profit factor significantly higher. I hadn't seen any place where all of the best J. Welles Wilder indicators such as RSI, Parabolic SAR, and DMI/ADX were brought into one easy to use interface. This is my attempt at fixing that gap. For a much deeper understanding of how to use these indicators, I recommend reading New Concepts in Technical Trading Systems written by J. Welles Wilder.
Momentum via RSI (Relative Strength Index)
Volume via MFI (Money Flow Index)
Volatility via DMI/ADX (Direction Movement Index/Average Directional Index)
Trend via Parabolic SAR (Parabolic Stop and Reverse)
It is worth noting that DMI/ADX and Parabolic SAR can both help determine trend strength and volatility.
The Volatility mechanism is measured by DMI and ADX and displayed at the top of the pane using circles. The top, tiny circles reflect if show if positive DI or negative DI has a higher value. The small circles directly underneath indicate whether or not the ADX is above 20 (configurable, some may choose to increase this to 25 or even 30).
The Momentum mechanism is shown as standard RSI with the default being a white line and default period of 14, which is all configurable.
The Volume mechanism is shown as standard MFI with the default being a fuchsia line and default period of 14, which is also configurable.
The momentum and volume oscillators should be used in conjunction to help spot whether the trend is strong or weak using divergences and the middle, overbought, and oversold levels. These levels are also configurable.
The Trend mechanism is measured by Parabolic SAR and displayed at the bottom of the pane using diamonds. The default is red diamonds when in a bear trend, green when in an uptrend which is configurable. When price is above the Parabolic SAR, it is considered to be an uptrend. When price is below the Parabolic SAR, it is considered to be a downtrend. The way price is measured is also configurable (i.e. open, close, ohlc4, hlc3, etc.). When price crossed above or below the Parabolic SAR, the diamonds will change colors.
All the indicators displayed should be used in a well rounded strategy. For instance, I only trade when ADX is above 20 and rarely trade against the trend shown via PSAR. When trend shifts and divergences helped indicate a trend shift would occur using the RSI and MFI, it can be a great spot to take an entry. RSI/MFI can also confirm the trend is strong when they are not showing divergences and inline with price action. All of this data should be used in conjunction with good fundamental data and technical levels. Divergences with RSI and MFI on double tops or bottoms can also be incredibly powerful. There is no right or wrong way to use all the data displayed in this indicator, however using all four pillars of trading (Momentum, Volume, Trend, Volatility) will help ensure only the best trades are taken.
RJM Indicator for 10EMA Swing trade strategyIndicator for a 10ema trading strategy.
Green triangle below a candle indicates a bearish candle that closed above the 10ema. Indicates it may be a good time to go long on this stock. Entry could be a stop limit buy above the high of the candle that triggered the indicator. Stop could be set below the 10ema line, and the low of the candle.
Red triangle above a candle indicates a bullish candle that closed below the 10ema. Indicates it may be a good time to go short on this stock. Entry could be a stop limit sell below the low of the candle that triggered the indicator. Stop could be set above the 10ema and the high of the candle.
Generally, look to setup based on the first candle that triggers the indicator in a given direction. Target is generally 1.2R above entry (where R = Entry Price - Stop Price)
When deciding whether to take the trade, keep in mind any other support/resistance levels that may be evident between your entry price and your target price.
Only trade within your own risk tolerance. Always use stops. Remember you are the one clicking the buttons - take responsibility for your own trades, and as with any strategy, make sure you backtest it before trading live.
Nareshraju CPRHi friends this is Cpr indicator which means central pivot range. it contains supports and resistances to take perfect entry.
TRADING MADE SIMPLEThis indicator shows market structure. The standard method of using Williams Highs and Lows as pivots, is something of an approximation.
What's original here is that we follow rules to confirm Local Highs and Local Lows, and strictly enforce that a Low can only follow a confirmed High and vice-versa.
-- Highs and Lows
To confirm a candle as a Local High, you need a later candle to Close below its Low. To confirm a Local Low, you need a Close above its High.
A Low can only follow a High (after it's been confirmed). You can't go e.g High, High, Low, Low, only High, Low, High, Low.
When price makes Higher Highs and Higher Lows, market structure is said to be bullish. When price makes Lower Lows and Lower Highs, it's bearish.
I've defined the in-between Highs and Lows as "Ranging", meaning, neutral. They could be trend continuation or reversal.
-- Bullish/Bearish Breaks
A Bullish break in market structure is when the Close of the current candle goes higher than the previous confirmed Local High.
A Bearish Break is when the Close of the current candle goes lower than the most recent confirmed Local Low.
I chose to use Close rather than High to reduce edge case weirdness. The breaking candle often ends up being a big one, thus the close of that candle can be a poor entry.
You can get live warnings by setting the alert to Options: Only Once, because during a candle, the current price is taken as the Close.
Breaks are like early warnings of a change in market bias, because you're not waiting for a High or Low to be formed and confirmed.
Buy The Dip / Sell The Rally
Buy The Dip is a label I gave to the first Higher Low in a bullish market structure. Sell The Rally is the first Lower High in a bearish market structure.
These *might* be good buying/selling opportunities, but you still need to do your own analysis to confirm that.
== USAGE ==
The point of knowing market structure is so you don't make bullish bets in a bearish market and vice versa -
or if you do at least you're aware that that's what you're doing, and hopefully have some overwhelmingly good reason to do so.
These are not signals to be traded on their own. You still need a trade thesis. Use with support & resistance and your other favourite indicators.
Works on any market on any timeframe. Be aware that market structure will be different on different timeframes.
IMPORTANT: If you're not seeing what you expect, check your settings and re-read this entire description carefully. Confirming Highs and Lows can get deceptively complex.
Trading PanelWhen trading, position sizing and risk calculation is the key to become successful.
We need to keep the losses small and adjust the position size according to what
risk we are prepared to take for the planned Entry.
Based on the Account Size and the max percentage we want to risk for any trade,
we calculate, for a number of fixed max Loss percentages:
- The Position size, both in percent and in the selected currency.
- Number of shares to buy.
- Where to put the Stop Loss.
We also calculate the numbers based on the ATR times a multiple.
The values are presented in a table format and will hopefully aid in selecting
a suitable Stop Loss (based on the chart situation) and hence the proper Position Size.
We also allow for expressing the Account size in currencies other than USD.
Example:
Account Size in USD and trading US stocks: select USD
Account Size in SEK but trading US stocks: select USDSEK
Cipher & DivergenceFor a long time I've been using complicated script with too much informations in it.
In this one I try to have just the bare minimum information to be able to analyse and find a potential reversal zone.
It is inspired from different wave trend / cipher script but has been tuned after months of backtest.
Extending the usage of the wave trend oscillator, which can be used with overbuy & oversell zone it might be better to wait for a confirmation of the movement. This confirmation can be identified by a pull back of the wave trend & price.
We can even confort ourself by waiting for reversal indicators.
Reversal may occurs after a divergence, wait for it, a cross of zero line followed by a PB to find your entry.
You can setup alert on bear / bull divergence but also when the wave trend cross the zero line to never miss a potential trade.
Huge thanks to LazyBear for his wave trend
And thanks vumanchu for his huge cipher script which was very useful for divergence finder
Leverage CalculatorThis script is intended to be used as a risk management calculator.
It will calculate the best leverage to use based on the maximum percentage of loss you are willing to incur on your trading portfolio.
Also calculates the order value and order qty based on your inputs.
Please note this calculator does not take into account any trading fees imposed by the exchange you are using.
*** Only risking 1% to 5% of your portfolio is considered good risk management ***
*** Not financial advice ***
------ Settings Inputs -----------------------------------------------------------------------------------------------------
"Portfolio Size" -- enter your portfolio balance
"% Willing to lose on this trade" -- enter the percent of your portfolio you are willing to lose if the stop loss is hit
"Entry Price" -- enter the price at which you will enter the trade
"Stop Loss Price" -- enter the price at which your stop loss will be set
----------------------------------------------------------------------------------------------------------------------------
------ Outputs -------------------------------------------------------------------------------------------------------------
"Portfolio" -- displays the portfolio balance entered in settings
"max loss on trade" -- displays the % loss entered in settings and the corresponding amount of your portfolio
"Entry Price" -- displays the entry price entered in settings
"Stop Loss Price" -- displays the stop loss price entered in settings
"Stop Loss %" -- displays the calculated percentage loss from the entry price
"Leverage calc" -- displays the calculated leverage based on your max loss and stop loss settings
"Order Value" -- displays the value of the order based on the calculated leverage
"Order Qty" -- displays the calculated order qty based on the calculated leverage
Average Down [Zeiierman]AVERAGING DOWN
Averaging down is an investment strategy that involves buying additional contracts of an asset when the price drops. This way, the investor increases the size of their position at discounted prices. The averaging down strategy is highly debated among traders and investors because it can either lead to huge losses or great returns. Nevertheless, averaging down is often used and favored by long-term investors and contrarian traders. With careful/proper risk management, averaging down can cover losses and magnify the returns when the asset rebounds. However, the main concern for a trader is that it can be hard to identify the difference between a pullback or the start of a new trend.
HOW DOES IT WORK
Averaging down is a method to lower the average price at which the investor buys an asset. A lower average price can help investors come back to break even quicker and, if the price continues to rise, get an even bigger upside and thus increase the total profit from the trade. For example, We buy 100 shares at $60 per share, a total investment of $6000, and then the asset drops to $40 per share; in order to come back to break even, the price has to go up 50%. (($60/$40) - 1)*100 = 50%.
The power of Averaging down comes into play if the investor buys additional shares at a lower price, like another 100 shares at $40 per share; the total investment is ($6000+$4000 = $10000). The average price for the investment is now $50. (($60 x 100) + ($40 x 100))/200; in order to get back to break even, the price has to rise 25% ($50/$40)-1)*100 = 25%, and if the price continues up to $60 per share, the investor can secure a profit at 16%. So by averaging down, investors and traders can cover the losses easier and potentially have more profit to secure at the end.
THE AVERAGE DOWN TRADINGVIEW TOOL
This script/indicator/trading tool helps traders and investors to get the average price of their position. The tool works for Long and Short and displays the entry price, average price, and the PnL in points.
HOW TO USE
Use the tool to calculate the average price of your long or short position in any market and timeframe.
Get the current PnL for the investment and keep track of your entry prices.
APPLY TO CHART
When you apply the tool on the chart, you have to select five entry points, and within the setting panel, you can choose how many of these five entry points are active and how many contracts each entry has. Then, the tool will display your average price based on the entries and the number of contracts used at each price level.
LONG
Set your entries and the number of contracts at each price level. The indicator will then display all your long entries and at what price you will break even. The entry line changes color based on if the entry is in profit or loss.
SHORT
Set your entries and the number of contracts at each price level. The indicator will then display all your short entries and at what price you will break even. The entry line changes color based on if the entry is in profit or loss.
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Share market aasan haiDear Friends
Topic: Trade With CPR + Camarilla Setup
Camarilla Trade Setup:
Sell Opportunity:
H3 Reversal Trade
Entry - H3
Stop Loss - H4
Target - L3
L4 Breakout Trade
Entry - L4
Stop Loss - L3
Target - L5
Buy Opportunity:
L3 Reversal Trade
Entry - L3
Stop Loss - L4
Target - H3
H4 Breakout Trade
Entry - H4
Stop Loss - H3
Target - H5
Trade Type:
Scalping trading
Intraday trading
CPR Trade Setup:
1. Narrow CPR indicates Trending market
2. Wide CPR indicates Sideways market
How To trade using this setup:
When ever there is a Narrow CPR we need to look for Breakout Trades (H4 or L4 Breakout Trade Setup)
When ever there is a Wide CPR we need to look for Reversal Trade (L3 or H3 Reversal Trade Setup)
Trade Helper [Trading Nerd]Position Size Calculator / Lot Size Calculator
Disclaimer: I do my best to avoid wrong calculations and bugs. I provide this indicator without warranties of any kind. You bear all risks associated with the use of this indicator.
Inputs:
Market: Adds a name tag to the Table to keep track of the trades.
Entry Price: The entry Price of the Position.
Entry Time: The entry Time/Candle of the Position. If Stop Loss Type is 'ATR' or 'HH/LL' the Value for this is calculated by this Candle.
Stop Loss Type: Changes the Stop Loss Type.
Direction: Define if the trade direction is 'Long' or 'Short'. Has no effect on Stop Loss Type 'Custom'. For this you can just set the Stop Loss below/above the Entry Price .
ATR Multiplier: Multiplies the ATR Value by this number. Has only an effect on Stop Loss Type 'ATR'.
HH/LL Lookback Length: Lookback length for determine Highest High/Lowest Low value. Has only an effect on Stop Loss Type 'HH/LL'.
Custom SL Price: The Stop Loss Price if the Stop Loss Type is set to 'Custom'.
Risk Reward Ratio: The Risk is multiplied by this number to determine the Take Profit Price.
Balance: Balance Amount and Currency
Contract Size: The Position Size is divided by this number. E.G. in Forex one Lot is 100.000 Contracts. Change this Value depending on your Broker and Market.
Risk in %: Percent that is risked of the Balance for one Trade.
Indicators Combination Framework v3 IND [DTU]Hello All,
This script is a framework to analyze and see the results by combine selected indicators for (long, short, longexit, shortexit) conditions.
I was designed this for beginners and users to facilitate to see effects of the technical indicators combinations on the chart WITH NO CODE
You can improve your strategies according the results of this system by connecting the framework to a strategy framework/template such as Pinecoder, Benson, daveatt or custom.
This is enhanced version of my previous indicator "Indicators & Conditions Test Framework "
Currently there are 93 indicators (23 newly added) connected over library. You can also import an External Indicator or add Custom indicator (In the source)
It is possible to change it from Indicator to strategy (simple one) by just remarking strategy parts in the source code and see real time profit of your combinations
Feel free to change or use it in your source
Special thanks goes to Pine wizards: Trading view (built-in Indicators), @Rodrigo, @midtownsk8rguy, @Lazybear, @Daveatt and others for their open source codes and contributions
SIMPLE USAGE
1. SETTING: Show Alerts= True (To see your entries and Exists)
2. Define your Indicators (ex: INDICATOR1: ema(close,14), INDICATOR2: ema(close,21), INDICATOR3: ema(close,200)
3. Define Your Combinations for long & Short Conditions
a. For Long: (INDICATOR1 crossover INDICATOR2) AND (INDICATOR3 < close)
b. For Short: (INDICATOR1 crossunder INDICATOR2) AND (INDICATOR3 > close)
4. Select Strategy/template (Import strategy to chart) that you export your signals from the list
5. Analyze the best profit by changing Indicators values
SOME INDICATORS DETAILS
Each Indicator includes:
- Factorization : Converting the selected indicator to Double, triple Quadruple such as EMA to DEMA, TEMA QEMA
- Log : Simple or log10 can be used for calculation on function entries
- Plot Type : You can overlay the indicator on the chart (such ema) or you can use stochastic/Percentrank approach to display in the variable hlines range
- Extended Parametes : You can use default parameters or you can use extended (P1,P2) parameters regarding to indicator type and your choice
- Color : You can define indicator color and line properties
- Smooth : you can enable swma smooth
- indicators : you can select one of the 93 function like ema(),rsi().. to define your indicator
- Source : you can select from already defined indicators (IND1-4), External Indicator (EXT), Custom Indicator (CUST), and other sources (close, open...)
CONDITION DETAILS
- There are are 4 type of conditions, long entry, short entry, long exit, short exit.
- Each condition are built up from 4 combinations that joined with "AND" & "OR" operators
- You can see the results by enabling show alerts check box
- If you only wants to enter long entry and long exit, just fill these conditions
- If "close on opposite" checkbox selected on settings, long entry will be closed on short entry and vice versa
COMBINATIONS DETAILS
- There are 4 combinations that joined with "AND" & "OR" operators for each condition
- combinations are built up from compare 1st entry with 2nd one by using operator
- 1st and 2nd entries includes already defined indicators (IND1-5), External Indicator (EXT), Custom Indicator (CUST), and other sources (close, open...)
- Operators are comparison values such as >,<, crossover,...
- 2nd entry include "VALUE" parameter that will use to compare 1st indicator with value area
- If 2nd indicator selected different than "VALUE", value are will mean previous value of the selection. (ex: value area= 2, 2nd entry=close, means close )
- Selecting "NONE" for the 1st entry will disable calculation of current and following combinations
JOINS DETAILS
- Each combination will join wiht the following one with the JOIN (AND, OR) operator (if the following one is not equal "NONE")
CUSTOM INDICATOR
- Custom Indicator defines harcoded in the source code.
- You can call it with "CUST" in the Indicator definition source or combination entries source
- You can change or implement your custom indicator by updating the source code
EXTERNAL INDICATOR
- You can import an external indicator by selecting it from the ext source.
- External Indicator should be already imported to the chart and it have an plot function to output its signal
EXPORTING SIGNAL
- You can export your result to an already defined strategy template such as Pine coders, Benson, Daveatt Strategy templates
- Or you can define your custom export for other future strategy templates
ALERTS
- By enabling show alerts checkbox, you can see long entry exits on the bottom, and short entry exits aon the top of the chart
ADDITIONAL INFO
- You can see all off the inputs descriptions in the tooltips. (You can also see the previous version for details)
- Availability to set start, end dates
- Minimize repainting by using security function options (Secure, Semi Secure, Repaint)
- Availability of use timeframes
-
Version 3 INDICATORS LIST (More to be added):
▼▼▼ OVERLAY INDICATORS ▼▼▼
alma(src,len,offset=0.85,sigma=6).-------Arnaud Legoux Moving Average
ama(src,len,fast=14,slow=100).-----------Adjusted Moving Average
accdist().-------------------------------Accumulation/distribution index.
cma(src,len).----------------------------Corrective Moving average
dema(src,len).---------------------------Double EMA (Same as EMA with 2 factor)
ema(src,len).----------------------------Exponential Moving Average
gmma(src,len).---------------------------Geometric Mean Moving Average
highest(src,len).------------------------Highest value for a given number of bars back.
hl2ma(src,len).--------------------------higest lowest moving average
hma(src,len).----------------------------Hull Moving Average.
lagAdapt(src,len,perclen=5,fperc=50).----Ehlers Adaptive Laguerre filter
lagAdaptV(src,len,perclen=5,fperc=50).---Ehlers Adaptive Laguerre filter variation
laguerre(src,len).-----------------------Ehlers Laguerre filter
lesrcp(src,len).-------------------------lowest exponential esrcpanding moving line
lexp(src,len).---------------------------lowest exponential expanding moving line
linreg(src,len,loffset=1).---------------Linear regression
lowest(src,len).-------------------------Lovest value for a given number of bars back.
mcginley(src, len.-----------------------McGinley Dynamic adjusts for market speed shifts, which sets it apart from other moving averages, in addition to providing clear moving average lines
percntl(src,len).------------------------percentile nearest rank. Calculates percentile using method of Nearest Rank.
percntli(src,len).-----------------------percentile linear interpolation. Calculates percentile using method of linear interpolation between the two nearest ranks.
previous(src,len).-----------------------Previous n (len) value of the source
pivothigh(src,BarsLeft=len,BarsRight=2).-Previous pivot high. src=src, BarsLeft=len, BarsRight=p1=2
pivotlow(src,BarsLeft=len,BarsRight=2).--Previous pivot low. src=src, BarsLeft=len, BarsRight=p1=2
rema(src,len).---------------------------Range EMA (REMA)
rma(src,len).----------------------------Moving average used in RSI. It is the exponentially weighted moving average with alpha = 1 / length.
sar(start=len, inc=0.02, max=0.02).------Parabolic SAR (parabolic stop and reverse) is a method to find potential reversals in the market price direction of traded goods.start=len, inc=p1, max=p2. ex: sar(0.02, 0.02, 0.02)
sma(src,len).----------------------------Smoothed Moving Average
smma(src,len).---------------------------Smoothed Moving Average
super2(src,len).-------------------------Ehlers super smoother, 2 pole
super3(src,len).-------------------------Ehlers super smoother, 3 pole
supertrend(src,len,period=3).------------Supertrend indicator
swma(src,len).---------------------------Sine-Weighted Moving Average
tema(src,len).---------------------------Triple EMA (Same as EMA with 3 factor)
tma(src,len).----------------------------Triangular Moving Average
vida(src,len).---------------------------Variable Index Dynamic Average
vwma(src,len).---------------------------Volume Weigted Moving Average
volstop(src,len,atrfactor=2).------------Volatility Stop is a technical indicator that is used by traders to help place effective stop-losses. atrfactor=p1
wma(src,len).----------------------------Weigted Moving Average
vwap(src_).------------------------------Volume Weighted Average Price (VWAP) is used to measure the average price weighted by volume
▼▼▼ NON OVERLAY INDICATORS ▼▼
adx(dilen=len, adxlen=14, adxtype=0).----adx. The Average Directional Index (ADX) is a used to determine the strength of a trend. len=>dilen, p1=adxlen (default=14), p2=adxtype 0:ADX, 1:+DI, 2:-DI (def:0)
angle(src,len).--------------------------angle of the series (Use its Input as another indicator output)
aroon(len,dir=0).------------------------aroon indicator. Aroons major function is to identify new trends as they happen.p1 = dir: 0=mid (default), 1=upper, 2=lower
atr(src,len).----------------------------average true range. RMA of true range.
awesome(fast=len=5,slow=34,type=0).------Awesome Oscilator is an indicator used to measure market momentum. defaults : fast=len= 5, p1=slow=34, p2=type: 0=Awesome, 1=difference
bbr(src,len,mult=1).---------------------bollinger %%
bbw(src,len,mult=2).---------------------Bollinger Bands Width. The Bollinger Band Width is the difference between the upper and the lower Bollinger Bands divided by the middle band.
cci(src,len).----------------------------commodity channel index
cctbbo(src,len).-------------------------CCT Bollinger Band Oscilator
change(src,len).-------------------------A.K.A. Momentum. Difference between current value and previous, source - source . is most commonly referred to as a rate and measures the acceleration of the price and/or volume of a security
cmf(len=20).-----------------------------Chaikin Money Flow Indicator used to measure Money Flow Volume over a set period of time. Default use is len=20
cmo(src,len).----------------------------Chande Momentum Oscillator. Calculates the difference between the sum of recent gains and the sum of recent losses and then divides the result by the sum of all price movement over the same period.
cog(src,len).----------------------------The cog (center of gravity) is an indicator based on statistics and the Fibonacci golden ratio.
copcurve(src,len).-----------------------Coppock Curve. was originally developed by Edwin Sedge Coppock (Barrons Magazine, October 1962).
correl(src,len).-------------------------Correlation coefficient. Describes the degree to which two series tend to deviate from their ta.sma values.
count(src,len).--------------------------green avg - red avg
cti(src,len).----------------------------Ehler s Correlation Trend Indicator by
dev(src,len).----------------------------ta.dev() Measure of difference between the series and its ta.sma
dpo(len).--------------------------------Detrended Price OScilator is used to remove trend from price.
efi(len).--------------------------------Elders Force Index (EFI) measures the power behind a price movement using price and volume.
eom(len=14,div=10000).-------------------Ease of Movement.It is designed to measure the relationship between price and volume.p1 = div: 10000= (default)
falling(src,len).------------------------ta.falling() Test if the `source` series is now falling for `length` bars long. (Use its Input as another indicator output)
fisher(len).-----------------------------Fisher Transform is a technical indicator that converts price to Gaussian normal distribution and signals when prices move significantly by referencing recent price data
histvol(len).----------------------------Historical volatility is a statistical measure used to analyze the general dispersion of security or market index returns for a specified period of time.
kcr(src,len,mult=2).---------------------Keltner Channels Range
kcw(src,len,mult=2).---------------------ta.kcw(). Keltner Channels Width. The Keltner Channels Width is the difference between the upper and the lower Keltner Channels divided by the middle channel.
klinger(type=len).-----------------------Klinger oscillator aims to identify money flow’s long-term trend. type=len: 0:Oscilator 1:signal
macd(src,len).---------------------------MACD (Moving Average Convergence/Divergence)
mfi(src,len).----------------------------Money Flow Index s a tool used for measuring buying and selling pressure
msi(len=10).-----------------------------Mass Index (def=10) is used to examine the differences between high and low stock prices over a specific period of time
nvi().-----------------------------------Negative Volume Index
obv().-----------------------------------On Balance Volume
pvi().-----------------------------------Positive Volume Index
pvt().-----------------------------------Price Volume Trend
ranges(src,upper=len, lower=-5).---------ranges of the source. src=src, upper=len, v1:lower=upper . returns: -1 source=upper otherwise 0
rising(src,len).-------------------------ta.rising() Test if the `source` series is now rising for `length` bars long. (Use its Input as another indicator output)
roc(src,len).----------------------------Rate of Change
rsi(src,len).----------------------------Relative strength Index
rvi(src,len).----------------------------The Relative Volatility Index (RVI) is calculated much like the RSI, although it uses high and low price standard deviation instead of the RSI’s method of absolute change in price.
smi_osc(src,len,fast=5, slow=34).--------smi Oscillator
smi_sig(src,len,fast=5, slow=34).--------smi Signal
stc(src,len,fast=23,slow=50).------------Schaff Trend Cycle (STC) detects up and down trends long before the MACD. Code imported from
stdev(src,len).--------------------------Standart deviation
trix(src,len) .--------------------------the rate of change of a triple exponentially smoothed moving average.
tsi(src,len).----------------------------The True Strength Index indicator is a momentum oscillator designed to detect, confirm or visualize the strength of a trend.
ultimateOsc(len.-------------------------Ultimate Oscillator indicator (UO) indicator is a technical analysis tool used to measure momentum across three varying timeframes
variance(src,len).-----------------------ta.variance(). Variance is the expectation of the squared deviation of a series from its mean (ta.sma), and it informally measures how far a set of numbers are spread out from their mean.
willprc(src,len).------------------------Williams %R
wad().-----------------------------------Williams Accumulation/Distribution.
wvad().----------------------------------Williams Variable Accumulation/Distribution.
HISTORY
v3.01
ADD: 23 new indicators added to indicators list from the library. Current Total number of Indicators are 93. (to be continued to adding)
ADD: 2 more Parameters (P1,P2) for indicator calculation added. Par:(Use Defaults) uses only indicator(Source, Length) with library's default parameters. Par:(Use Extra Parameters P1,P2) use indicator(Source,Length,p1,p2) with additional parameters if indicator needs.
ADD: log calculation (simple, log10) option added on indicator function entries
ADD: New Output Signals added for compatibility on exporting condition signals to different Strategy templates.
ADD: Alerts Added according to conditions results
UPD: Indicator source inputs now display with indicators descriptions
UPD: Most off the source code rearranged and some functions moved to the new library. Now system work like a little bit frontend/backend
UPD: Performance improvement made on factorization and other source code
UPD: Input GUI rearranged
UPD: Tooltips corrected
REM: Extended indicators removed
UPD: IND1-IND4 added to indicator data source. Now it is possible to create new indicators with the previously defined indicators value. ex: IND1=ema(close,14) and IND2=rsi(IND1,20) means IND2=rsi(ema(close,14),20)
UPD: Custom Indicator (CUST) added to indicator data source and Combination Indicator source.
UPD: Volume added to indicator data source and Combination Indicator source.
REM: Custom indicators removed and only one custom indicator left
REM: Plot Type "Org. Range (-1,1)" removed
UPD: angle, rising, falling type operators moved to indicator library
RSI %b Signal [H1 Backtesting]-----------------------------------------------------------------
This simple strategy base on RSI, EMA, Bollinger Bands to get Buy and Sell Signal with detail as below:
-----------------------------------------------------------------
1.Define Oscillator Line
+ Oscillator Line is smoothed by ema(28) of RSI(14) on H1 Timeframe
2.Define Overbought and Oversold
+ Apply Bollinger Bands BB(80,3) on Oscillator Line and calculate %b
+ Overbought Zone marked above level 0.8
+ Oversold Zone marked below level 0.2
3.Buy Signal
+ Entry Long Position when %b crossover Point of Entry Long
+ Deafault Point of Entry Long is 0.2
+ Buy signal marked by Green dot
4.Sell Signal
+ Entry Short Position when %b crossunder Point of Entry Short
+ Deafault Point of Entry Short is 0.8
+ Sell signal marked by Red dot
5.Exit Signal
+ Exit Position (both Long and Short) when %b go into Overbought Zone or Oversold Zone
+ Exit signal marked by Yellow dot
-----------------------------------------------------------------
Joint Conditions Strategy Suite + TradingConnector alerts bot"Please give us combined alerts with the possibility of having several conditions in place to trigger the alert." - was the top voted request from users under one of the recent blogposts by TradingView.
Ask and you shall receive ;)
TradingView is a great platform, with unmatched set of functionalities, yet this particular combo of features indeed seems not to be in place. Fortunately, TradingView is also very open platform, thanks to PineScript coding language, which enables developing combos like the requried one and plenty of other magic.
I have already published numerous "educational" scripts, showing how to code indicators and alerts with PineScript, but... this is not one of them. This one is for real. READY FOR USE on real markets, also by the non-coding traders. Just take my script, set parameters with dropdowns, backtest the strategy, fire the alerts and execute them.
HOW TO USE IT
In "Settings" popup I tried to mimic the CreateAlert popup dropdowns for selecting logic. Let's say you want to enter Long position at Stochastic KxD crossover. In first line of Long Entry conditions set "StochK" + "Crossing Up" + "StochD". Last field doesn't matter because in 3rd dropdown something else than "value" was selected. In second line you could set "maB" + "Greater Than" + "maC" to filter out those entries which are in direction of the uptrend. And yeah, add ADX>25 to make sure the market is actually moving: "ADX" + "Greater Than" + "value" + "25". All condition lines must be TRUE (or skipped) for the entry to be triggered. Toghether with an alert.
The same for Short entries. Combinations are limitless.
INDICATORS AND MTF (MULTI-TIMEFRAME)
In those dropdowns you can select candle values like open/close/high/low/ohlc4, but also some most popular indicators, which I have pre-built into this script: RSI, various Moving Averages, ADX-DMI, Stochastic and Bollinger Bands for start. You can configure parameters of those indicators also in "Settings" popup, in "Indicator Definitions" section. What's important, you can use any of these indicators from higher timeframe, setting MTF multiplier. So if you applied this indicator to 1h chart, but want to use rsi(close,14) from 4h chart, set MTF to 4. If you want to use current timeframe indicators, keep MTF at 1, which is a default setting here.
Note for coders: to keep focus of this script on joining conditions, entire logic for those indicators has been moved to external library, also open source. I encourage you to dig into the code and see how it's done. I love the addition of libraries concept in PineScript.
CUSTOM INDICATOR
Following the "openness" spirit of my master - which is TradingView itself - my work is also open, in 2 ways:
1. This script is open source. So you can grab it, modify or add any functionalities you want. I cannot and don't want to stop you from doing that. I'm asking for only one favor - please mention this source script in your credits.
2. You can import the plot (series) from any other indicator on TradingView. In Settings popup of my script, scroll down to "Indicator Definitions" section, and select the series of your choice in the first dropdown. Now it is ready to use in conditions dropdowns on top of the Settings popup.
Let me give you an example of that last scenario. Take another script of mine, "Pivot Points on SR lines DEMO". You can find it in "Indicators & Strategies" library or here: (). Attach it to your chart. Now come back to THIS script, open Settings popup and in "Custom Indicator aka Imported Source" select "Pivot Points on SR lines: ...". The way it works - it detects if a pivot point happened on Support/Resistance line from the past and returns 1 for PivotLow and -1 for Pivot High. Now in first Long Entry condition set: "custom indicator" + "Greater Than" + "value" + "0" and long entries will be marked on every pivot low noticed on Support/Resistance line.
ALERTS
Last but not least - the alerts. This script produces alerts on the entries calculated by strategy logic, as marked on the chart by the backtester. Moreover, syntax of those alerts is already prepared and fully compatible with TradingConnector - alerts executing tool (bot), if you want to auto-execute those trades. Apart from installing the tool, you need to set
up the alerts in TradingView, here is how:
open CreateAlert popup
in first dropdown select "Joint Conditions Strategy Template"
in second dropdown select "alert() function calls only"
And that's all. You only need to set one alert for the whole script, not one for Longs and one for Shorts as it was in the past. Also, you don't need to setup closing alerts, because stop-loss/take-profit/trailing-stop information is embedded in the entry alert so your broker receives it as early as possible. Alerts sent will look like this: "long sl=40 tp=80", which is exactly what TradingConnector expects.
Phew, that's all folks. If you think I should add something to this template (maybe other indicators?) please let me know in comments or via DM. Happy trading!
P.S. Pyramiding is not supported in this script.
Disclaimer : I'm not saying above combination of conditions will make you money. Actually none of this can be considered financial advice. It is only a software tool. Use it wisely, be aware of the risk and do your own research!
Volume Based Ichimoku CloudIntroduction
This release focuses primarily on a volume-based Donchian. For some time I was looking for a volume-based Donchian, not finding anything that satisfied me I tried to apply one, and then I applied it to Ichimoku.
I found advantages especially in the lateralization phase, where the integration with the volume filters some false signals.
I have added some features:
- Check the conditions of buy/sell of classic Ichimoku
- Verified reverse buy/sell condition
- Alerts
- Entrance package
- possibility to choose the type of Donchian to use (classic, volume-based)
Settings
There are the classic parameters of Ichimoku, for scalping, I use setting like(6-17-34-17 or 5-14-28-14), the new parameters are:
Donchian Type : Classic / Volume Based
Show Condition : it shows green/red square on the bottom when all the conditions of Ichimoku are satisfied, without the checkmark the inputs or the alarms will not work for this type of signal
Show Reversal : it shows yellow/purple triangle on the bottom when all during short/long state condition of Ichimoku Tenkan cross the Kijun, without the checkmark the inputs or the alarms will not work for this type of signal
Trades Framework
Show Trade Lines : show the lines for Entry Point, TP1, TP2, SL
Per n Bars : For how many bars the sending lines will be drawn
Enter Gap : It's the gap, in percentage, from the last candle low/high. For example, the entry point will be set 0.1% higher than the last high of the candle, in a long situation, or 0.1% lower than the last low of the candle in a short situation.
Take Profit 1 : It's the gap, in percentage, from the entry point. For example, the first take profit will be set 0.5% higher/lower than the entry point.
Take Profit 2 : It's the gap, in percentage, from the entry point. For example, the second take profit will be set 0.5% higher/lower than the entry point.
Stop Loss : It's the gap, in percentage, from the entry point. For example, the stop loss will be set 0.5% higher/lower than the entry point.
How to use
The use will be like that for the classic Ichimoku, the combination with a volatility indicator or the volume analysis will certainly help to reduce false signals and therefore to select only the most profitable signals.
Remember that every statistical indicator is just a tool, it needs to be understood to be used at its best, otherwise, it is just a colored line in a colored graph.
3Commas Visible DCA StrategyThis strategy consists of the following elements and can all be set by the user.
1. Entry by moving average cross.
1) Selection of moving average line.
- SMA(Simple Moving Average)
- EMA(Exponential Moving Average)
- HMA(Hull Moving Average)
2) Selection of Cross over / Cross under
2. Add Entry by DCA(Dollar Cost Averaging)
- A DCA strategy is the practice of investing into a currency at preset intervals to reduce the entry price of a position over time and mitigate volatility risk.
For example,
Base Order = 10 Dollar at Price 100%
Safety Order1 = 20 Dollar at Price 90%
Safety Order2 = 40 Dollar at Price 80%
Average Price => Price 80~90%
thereby getting a better average price for your position and greatly reducing risks from the consequences of volatility.
3. Target Price and Stop Loss.
1) Target Price : Realize profits at % set from the average unit price.
2) Stop Loss : Stop Loss % set from the last safety order.
You can easily find out what's related by changing the setting value after setting the strategy.
This strategy has the following Good characteristics.
1. It informs you of the assets required according to DCA settings.
If you are short of assets, a warning sign will appear.
2. Amount of assets invested in each long entry and long entry close.
3. Visibility of the lowest purchase price line and DCA purchase location according to DCA setting.
easily check the values set in the backtest.
I hope it will help you. Thank you.
Scalping IchimokuBased on the Ichimoku Cloud indicator, the Scalping Ichimoku is a strategy applied in a simple form.
How the strategy works?
The indicator will watch two filters from the Ichimoku Cloud indicator. The first one is when the price crosses the cloud (over or under). The second filter is when the conversion line crosses the baseline (over or under). When both filters happen, no matter the order or when the indicator will print an arrow signal.
Buy Signal
A buy signal, or arrow up, will appear when the price crosses over the cloud and when the conversion line crosses over the baseline.
Sell Signal
A sell signal, or arrow down, will appear when the price crosses under the cloud and the conversion line crosses under the baseline.
Exit Points
Show Exit Spots enabled. The indicator will print possible exit spots for the last entry, based on the cross from conversion with baseline. In case the cross is against the latest entry signal, it will show an "X"
One Signal At Time
The indicator will print only one signal in a single direction. It will never print the same signal as the last signal
Exit and Entry Spot At The Same Candle
In the chart, when the entry spot and an exit spot appear in the same candle, the exit spot will appear with a different color. This means that the entry spot is more accurate.
This strategy was designed for scalping, no matter the time frame or market, but it may work for swing traders as well.
EneX SignalEneX is signal that give recommendation signals for entry and exit on spot market. This indicators not suitable for leverage trading in futures market.
EneX signal consider several indicators and has entry and exit rules.
EneX signal is suitable for investors who believe in trend following strategy (disclaimer on).
This script composed by Yohan Naftali for educational purpose only. Reader who will use this signal must do own research.
Indicator and Plot Involved
1. Williams Fractals with default periods = 2
2. William Alligator Indicators with default simple moving average 8, 13, and 21
3. Exponential Moving Averages with default value EMA 50, 100, and 200
4. Relative Strength Index with default overbought level = 80 and oversold level = 20
5. Williams Fractals are joined to create support and resistance line and fill area between support and resistance lines.
Entry signal conditions
1. Entry on Weakness when bullish fractal appear on n/2 period
2. Entry when price break resistance line
All entry condition must above EMA and alligator signal and not in overbought RSI
Exit signal conditions
1. Lowest price is below Exponential Moving Average
2. Lowest price is below William alligator lines
You can easily find entry and exit points by using Entry (E), Exit(X) signals
How to use
1. Monitor chart and wait until E or X signals
2. Entry if Entry Signal (E) appear (green colored label)
3. Exit if Exit Signal (X) appear (red colored label)
4. Change indicators setting when necessary
Best Practice
1. Entry only when entry signal (E) appear
2. Never entry when price below William alligator signal
3. Exit when exit signal (X) appear
4. Not exit when exit signal appear when you believe or you have information that price will be rebound
5. Exit if you believe that current price meet your target price
6. Always wise when use EneX signals
Disclaimer
Do your own research and consider fundamental price of asset.
The indicators provided on this script is for educational purposes only.
Author does not offer advisory or brokerage services, nor does it recommend or advise users to buy or sell particular stocks or securities.
Please examined script and give feedback for further improvement.
Indicators & Conditions Test Framework [DTU]Hello All,
This script is a framework to build strategies by combining indicators and conditions (long, short, exits). You are able to analyze your strategies in realtime by changing the input parameters related to indicators, conditions and their combinations.
OVERVIEW
With this Study/Strategy framework, you will be able to create strategy conditions, display them on the chart, and test them using existing indicators as well as external and custom indicators that you can add.
The main purpose of the Framework is to choose your indicators to be used in the conditions and test your strategy by producing your "Long, short, Exit long, Exit short" combinations.
Although may be, it can be a bit difficult and complicated at first start, but you can understand the logic on its use in a very short time.
Notes:
I removed external links off descriptive images and video to be comply with Trading view violation House Rules
Since I am new in the community and still trying to understand the pine script language I can make errors and violations on my script. Please Inform me on any issue that I made..
HOW TO
STEP 1: SETTINGS ______________________________________________________________________________________________________
SOURCE, TIMEFRAME, SECURITY
Select the Source, timeframe and Secure type that your indicators will use.
Here, the Secure entry consists of 3 parts and the f_security function is used to determine it.
a)Secure
This option is defined as reducing repaint in tradingview calculations as much as possible. The following function is used.
request.security(_symbol, _res, _src , lookahead=barmerge.lookahead_on)
b)Semi Secure
While this option can reduce repaint in tradingview calculations as much as possible, it is less secure. The following function is used.
request.security(_symbol, _res, _src )
c)Repaint
This option turns on the repaint feature. The following function is used.
request.security(_symbol, _res, _src ) : na
Ind Source:
You can the source that indicators will use their own calculations
Ext Source:
You can import external Indicator sources from here . It appears on condition/combination area as "EXT".
To export the External indicator plot it with a title. It will be visible in source dropdown input
PERIOD , ALERTS...
Period:
Determine your strategy testing period by selecting start and end date/time
(!!! According to your tradingview subscription, it takes the last 5000, 10000.. bars.
The extra bar option may cause problems such as not appearing in the calculations or errors).
Plot Alerts:
Plot condition result as alerts arrows on the chart's bottom for "LONG" and the top for "SHORT" entries, exits
Close on opposite:
When selected, a long entry gets closed when a short entry opens and vice versa
Show Profit:
It appears if script is in strategy mode (not in study) this can display current or open profit for better reanalyzing your strategy entry exit points. (Currently under development)
PLOT TYPE OPERATIONS
This option has 4 entries
a) Mult
Sets the multiplier for the selected Plot Type (stochastic, Percentrank, Org Range (-1,1) ) except for "Original" in the range (-1,1).
EXAMPLE: When 1000 is selected, the indicator in the range of (-1,1) will appear in the range of (-1000, 1000) on the screen.
b) Shift
It determines the shift that will appear on the screen for the selected Plot Type (stochastic, Percentrank,Org Range (-1,1) ) in the range (-1,1) other than "Original".
EXAMPLE: When Shift:35000 and mult:1000 are selected, the indicator will appear in the range (34000, 36000) on the screen.
c) Smooth
This option (only for Stochastic & PercentRank) allows to smooth the indicator to be displayed.
Here, tradinview ta.swma function is used.
b) hline
Adjusts the horizontal lines to appear on the screen according to the mult factor for the range (-1,1)
The lines represent the values (-1, -05, 0, 05, 1)
STEP 2: INDICATORS ______________________________________________________________________________________________________
You need to choose indicators that you can use in strategy conditions.
Here, the indicators come from the dturkuler/lib_Indicators_DT open script library defined in the code
In addition, you can add the indicators that you will create in the area defined in the code to this list..
You can also import external indicators and test them with other variables on the system..
You can choose a maximum of 5 indicators that you can use in total. (can be increased in new versions)
Indicators are categorized in 3 main sections
Indicator Selection:
You can select your indicators from this area
a)Moving Averages
These are indicators such as EMA, SMA that you can show on the stock. They come from the library.
These indicators are fed from Settings/source. Only the length value can be used as a parameter.
In addition, line colors can be changed..
As of now, there are 28 indicators in the library in total and 5 indicators are left as future use for this field for now.
b)Other Indicators
These are different indicators from the stock value such as RSI, COG. They come from the library. These indicators are fed from Settings/source.
Only the length value can be used as a parameter. In addition, line colors can be changed.
As of now, there are 24 indicators in the library in total and 5 indicators are left as a future use for this field for now.
c)Custom Indicators
These indicators are the ones you can create by programming yourself in the source code..
The area at the bottom of the settings screen is reserved for the parameters of this type of indicators.
Indicator Length:
You can update your selected indicator length value from here. (Not: it doesn't work for custom indicators since they have their parameter on cust. Ind. input screen )
Indicator Plot Type:
Next to the indicators, there is an input selection field about how they will be displayed on the screen.
a)Original
The indicator is displayed on the screen with its current values. It is an ideal solution for displaying moving average indicators such as (EMA, SMA) over current stock.
Since the values of indicators such as (RSI, COB) are low (-100,100 : -1.1), they appear at the bottom of the screen and make analysis difficult.
For this reason, other options may be more suitable for these.
b)Stochastic
The indicator is displayed on the screen with stochastic calculation in the range of -1.1.
It uses the stochastic(50) calculation method to spread indicators such as (RSI, COB) over the range (-1,1).
Indicators in this selection can be fixed and monitored under stock on the screen with the parameters under the Plot Type section.
You can see the original values of the relevant indicator on the Data Window screen.
(!!! Do not use the values on the chart in your condition calculations. Instead, get the values from Data Window)
c)PercentRank
The indicator is displayed on the screen with stochastic calculation in the range of -1.1. .
Since the values of indicators such as (RSI, COB) are low (-100,100 : -1.1), they appear at the bottom of the screen and make analysis difficult.
Indicators in this selection can be fixed and monitored under stock on the screen with the parameters under the Plot Type section.
You can see the original values of the relevant indicator on the Data Window screen
((!!! Do not use the values on the chart in your condition calculations. Instead, get the values from Data Window)
d)Org Range (-1,1)
If your indicator is in the range of -1.1, your indicator will be displayed on the screen with its original calculation in the range of -1.1.
Indicators in this selection can be fixed and monitored under stock on the screen with the parameters under the Plot Type section.
You can see the original values of the relevant indicator on the Data Window screen.
(!!! Do not use the values on the chart in your fitness calculations. Instead, get the values from Data Window)
STEP 2 NOTES:
STEP 3: CONDITIONS ______________________________________________________________________________________________________
After choosing the indicators you will use in the conditions, you move on to the "CONDITIONS" section.
There are 4 conditions type here.
• LONG ENTRY CONDITION
• SHORT ENTRY CONDITION
• LONG CLOSE CONDITION
• SHORT CLOSE CONDITION
The use of each condition is the same.
There are 3 combinations you can use in each condition. (can be increased in new versions)
a)COMBINATIONS
There are 3 combinations you can use in each condition. (can be increased in new versions)
Each combination are build from 4 parts
1)1st Indicator
If set to "NONE" this combination will not be used on calculations. You can select
IND1-5: from indicators (See above),
EXT: value from externally imported indicator
Stock built-in values: close, open...
2)Operator
Selected Operator compares 1st Indicator with the 2nd one. You can select different operators such as
crossover, crossunder, cross,>,<,=....
3)2nd Indicator
This indicator will be compared with the 1st one via selected Operator. You can select
IND1-5: from indicators (See above),
VALUE: a float value defined in the combinations value parameter
EXT: value from externally imported indicator
Stock builtin values: close,open...
4)Value
When the 2nd indicator field is "VALUE", value area compares the entered value.
ex: 1st indicator="open", op=">", 2nd indicator="VALUE", value=3000.12 means is(close>3000.12)
In other conditions, it compares the previous values of the indicator.
ex: 1st indicator="open", op=">" 2nd indicator is "close" and value is 2 means is(open>close )
EXAMPLES:
indicator 1= "IND1", Operator=">", indicator 2= "IND2" => is(IND1>IND2)
indicator 1= "IND1", Operator=">", indicator 2= "VALUE", "0.1" => is(IND1>0.9)
indicator 1= "IND2", Operator="crossover", indicator 2= "IND1" => is(IND2 crossover IND1) : like a=ta.crossover(IND2, IND1)
indicator 1= "IND1", Operator="<", indicator 2= "close" => is(IND1>close)
indicator 1= "IND1", Operator="<", indicator 2= "EXT" => is(IND1>EXT) , EXT mean external imported indicator that define on settings section
indicator 1= "IND1", Operator="<", indicator 2= "IND1", Value="1" => is (IND1>IND1 )
b)JOIN COMBINATIONS
Each combination in Condition is compared with the next one via JOIN operator
The join operator can be selected as AND or OR.
Examples:
1st combination= is(IND1>0.9) true
2nd combination= is(IND2 crossover IND1) false
1st combination "AND" 2ndcombination" => false (is(IND1>0.9) AND is(IND2 crossover IND1))
1st combination "OR" 2nd combination" => true (is(IND1>0.9) OR is(IND2 crossover IND1))
STEP 3 NOTES:
When the 2nd indicator field is "VALUE", value area compares the entered value. In other conditions, it compares the previous values of the indicator.
In cases where "VALUE" is not selected, integer values must be entered in this field. (float should not be entered. ie 1, 2 should be entered)
!!!If the 1st indicator is "NONE" in the combination, that combination is cancelled.
Each combination returns true/false, allowing the selected value to be compared with another value
Example: EMA(21)>EMA(50) returns true under all conditions or (EMA(21) crossover EMA(50)) returns true when passed.
You can use , Value of 5 indicators (IND1-IND5) or (VALUE) that you have defined in combinations or import indicator (EXT) or stock values (close, open, high...) in your calculations.
combination Compares the 1st indicator with 2nd indicator via the operator.
STEP 4: CUSTOM INDICATORS ______________________________________________________________________________________________________
There is an area in the code for designing Custom Indicators.
Here you can design your own indicators and use them in the framework.
You can also create unlimited parameters for your indicators in the SETTINGS custom indicator field.
For now, only 3 Custom indicators have been defined.
Examples are entered in the code for custom indicators.
STEP 4 NOTES:
Including / updating custom to the code is explained in the source code
• LIMITATIONS:
!!! According to your tradingview subscription, it takes the last 5000, 10000.. bars. More bar options may cause problems such as not appearing in the calculations or errors.
• RAMBLINGS:
• NOTES [ /i]
This Script can be used as an indicator if the last strategy parts in the code are commented out and converted to the initial strategy study.
It was originally prepared for my use with my own strategy framework and has export functions accordingly.
When integrated to my own strategy framework it brings many more features over strategy definition of trades.
• TODO [ /i]
TODO: Add tooltips to the settings screen
TODO: Add double triple, Quatr factor for all indicators (convert any indicator to factor2-4 facotr. ex: EMA to DEMA, TEMA, QEMA...)
TODO: Add factorized Fibo avg range indicator (good for trend definition and entry exit points)
TODO: Add bands to the indicator and conditions
TODO: Add debug window for exporting indicator's parameters
TODO: Add isRising(value) isFalling(value), is...(value) .... to combinations (they can be used as custom indicator also
TODO: Reassess condition entry screen for user friendly GUI
TODO: Increase # conditions from 3 to 4
TODO: Reassess strategy entries, exit and close (should be improved)
TODO: Add Alerts, Condiional alerts for indicator (study) part
TODO: Create export function v3 for Pinecoders Indicator framework
• THANKS:
For Pine script format docs RicardoSantos .
For Pine script coding standards Pinecoders .
For moving average script used on library s RodrigoKazuma .
AMRS_LongOnly_PartTimerThis Script is created to back-test the data starting 01/01/2000 based on AMRS strategy.
AMRS is long only strategy. It is based on unique calculation around moving averages and 2 year high price.
There are few strategies for moving average crossovers but AMRS strategy is unique compared to other moving averages strategies as it has very specific below mentioned calculations evolving around moving average and stock price.
AMRS strategy is unique one to generate buying signals when stock price creates new 2 year high and retraces back to 13 day EMA value.
AMRS strategy is unique one having specific calculation for entry signal and exit signal as mentioned below. This strategy gives back testing results to help build conviction on entry/exits if trades were taken in past as per the AMRS rules.
As per AMRS strategy this script generates green arrow on each time when new 2 year high is made and also generates long signal indicated by white arrow when stock price retraces back to 13 day EMA value and price is within 10% range from 2 year high.
This strategy will generate white arrow on the chart for each buy signal when stock price reaches 13 day EMA after first Long signal is generated. These subsequent buy signals can be used for pyramiding.
Entry Signal Logic : 1. Stock should be trading near 2 year high.
2. Stock price should be within 10% range from 2 year high
3. Stock price should be less than or equal to 13 day EMA and grater than equal to 21 day EMA
This AMRS strategy also generates exit signal for already generated buy signal (open position).
Exit signal generated when stock price closes 5% below 21 day EMA or when stock price closes below 20% from most recent 2 year high price.
Exit Signal Logic : 1. Stock price closes 5% below 21 day EMA or stock price closes below 20% from most recent 2 year high price.
2. Since exit logic is based on closing price it is plotted on the chart next day.
3. So when exit signal is plotted on the chart, previous days stock price is either closed below 5% of 21 day EMA or corrected 20% from recent 2 year high.
Note : To Calculate last entry positions % return, by default all positions are getting closed on mentioned end date.
Script parameters :
start date as 01/01/2000 - Constructed from Start Year - 2000, Start Month - 1 Start Date - 1
End date (mostly current date) Constructed from Values in End Year, End Month, End Date.
Initial Capital - Defaulted to 100000
Order Size - 5% of Equity
Pyramiding - 3 orders
Commission - 0.2%
Slippage - 1 tick (Since this strategy exit is on close basis mostly there wont be any slippages)
Risk Management Tool [LuxAlgo]Good money management is one of the fundamental pillars of successful trading. With this indicator, we propose a simple way to manage trading positions. This tool shows Profit & Loss (P&L), suggests position size given a certain risk, sets stop losses and take profit levels using fixed price value/percentage/ATR/Range, and can also determine entries from crosses with technical indicators which is particularly handy if you don't want to set an entry manually.
1. Settings
Position Type: Determines if the position should be a "Long" or "Short".
Account Size: Determines the total capital of the trading account.
Risk: The maximum risk amount for a trade. Can be set as a percentage of the account size or as a fixed amount.
Entry Price: Determines the entry price of the position.
Entry From Cross: When enabled, allows to set the entry price where a cross with an external source was produced.
1.1 Stop Loss/Take Profit
Take Profit: Determines the take profit level, which can be determined by a value or percentage.
Stop Loss: Determines the stop loss level, which can be determined by a value or percentage.
2. Usage
One of the main usages of position management tools is to determine the position size to allocate given a specific risk amount and stop-loss. 2% of your capital is often recommended as a risk amount.
Our tool allows setting stop losses and take profits with different methods.
The ATR method sets the stop loss/take profit one ATR away from the entry price, with the ATR period being determined in the drop-down menu next to the selected methods. The range method works similarly but instead of using the ATR, we use a rolling range with a period determined in the drop-down menu next to the selected methods as well.
Unlike the available position management tool on TradingView, the entry can be determined from a cross between the price an an external source. The image above shows entries from the Volatility Stop indicator. This is particularly useful if you set positions based on trailing stops.
[KL] Double Bollinger Bands Strategy (for Crypto/FOREX)This strategy uses a setup consisting of two Bollinger Bands based on the 20 period 20-SMA +/-
(a) upper/lower bands of two standard deviations apart, and
(b) upper/lower bands of one standard deviation apart.
We consider price at +/- one standard deviation apart from 20-SMA as the "Neutral Zone".
If price closes above Neutral Zone after a period of consolidation, then it's an opportunity for entry. Strategy will long, anticipating for breakout.
The illustration below shows price closing above the Neutral Zone after a period of consolidation.
a.c-dn.net
Position is exited when prices closes at Neutral Zone (being lower than prior bars)
