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.
"entry" için komut dosyalarını ara
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.
00,25,50,75,00 - RND/LVL00,25,50,75,00 - RND/LVL
This concept is very simple..
Use round numbers as support and resistance, target the (.25 - .50 - .75) levels for take profit..
Basically, the rounds numbers are high liquidity zone (psychological and banks levels)
You can clearly see the price moving between those zones.
Recommanded timeframe : M30-H1-H4 (M15-M30) for entry..
I usually look at rejection at those levels for short or buy depend of the context.
You can place SL on the next .25 pips over the hard round numbers resistance-support.
Good Luck and if you have any comments, write bellow.
Thanks!
Here some example :
Superb RSI Signal by Lukas, Version 1.0.0Buy and Sell Signal base on many momentum indicator.
Only works on Forex Major Pairs :)
I test on 1H timeframe and its looks good.
Use DEMA 20 for entry point, always entry near DEMA 20 for maximum profit, use your trailing stop and stop loss 1 ATR from entry.
Circle on top : trend 1st resolution
Circle on bottom : trend 2nd resolution
Set second resolution with higher timeframe for safer trade or lower timeframe for aggressive trade.
You can play around with other settings, it's about sensitivity.
Hope it useful,
Cheers.
TradeChartist TrendStalker - Market Bias Indicator™TradeChartist TrendStalker helps visualise the Market Bias through 3 different Plot types and also displays Trend Direction Identifier (Green, Red and Orange square blocks) that can be connected to ™TradeChartist Plug and Trade to generate Trade entries, Targets, StopLoss and create alerts based on performance on the chosen timeframe. The three plot types are as below.
1. Market Bias Strength Oscillator
Plots true strength of Market Bias - helps determine if Market is Bullish/Bearish overall for the asset on chart TF.
2. Market Bias Detector - Range Based
Displays TrendStalker plots stalking the Market Bias based on Range the Market is expecting to gain/lose from the asset on the Chart Timeframe. Change in Market Bias can be easily seen through the Convergence/Divergence of the TrendStalker plots.
3. Market Bias Detector - Price
Displays TrendStalker plots stalking the Market Bias based on Price for the asset on the Chart Timeframe. Change in Market Bias can be easily seen through the Convergence/Divergence of the TrendStalker plots.
Note: Trend Direction Identifier for Trade entries will be the same for Market Bias Detector plots, but differs from Market Bias Strength Oscillator.
Note: Trend Direction Identifier plots orange squares when its detecting a potential change in trend and its recommended to close some/most of the position or move Stop Loss to protect profit/reduce risk. Once the orange squares turn back into green/red squares, it signals safe re-entry.
Green squares - Bullish Trend
Red Squares - Bearish Trend
Orange Squares - Potential change in Market Bias
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TrendStalker Cool Extras
Option to paint Background Color
Option to enable Take Profit bar recommendation (Works only with Market Bias Strength Oscillator)
Option to paint Price Bars using Market Bias Strength
Alerts can be created for Long/Short Entry/Re-entry and Long/Short SOS signals (Orange squares). For all other alerts, ™TradeChartist Plug and Trade can be used.
BTC 1hr Chart with TrendStalker Extras
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BTC 1hr Chart with TrendStalker connected to ™TradeChartist Plug and Trade
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Gann BreakoutEverything here is for educational purpose. Kindly trade at your own risk.
• This indicator is based on Gann level .
• It is used only for intraday trading in Banknifty .
• Prefer Time frame would be 5mins/10mins/15mins. according to your risk ratio.
• Trade after 9:40am let market gets settle.
• Look for the breakout of the Green(for buy entry) and Red(for sell entry) line for entry.
• Price action also required as targets are more than 100 points. Set your targets and trade on breakout.
You will notice that candles are retracing on the targets line because those targets are gann imp levels.
So if target 1 breaks you can trail your SL till next target.
Trade safe !!
thank you for using the indicator.
Any more ideas to make this indicator more powerful please let me know.
Suggestion are always welcome !!!
Short in Bollinger Band Down trend (Weekly and Daily) // © PlanTradePlanMM
// 6/14/2020
// ---------------------------------------------------
// Name: Short in Bollinger Band Down trend (Weekly and Daily)
// ---------------------------------------------------
// Key Points in this study:
// 1. Short in BB Lower band, probability of price going down is more than 50%
// 2. Short at the top 1/4 of Lower band (EMA - Lower line), Stop is EMA, tartget is Lower line; it matches risk:/reward=1:3 naturally
//
// Draw Lines:
// BB Lower : is the Target (Black line)
// BB EMA : is the initial Stop (Black line)
// ShortLine : EMA - 1/4 of (Stop-target), which matches risk:/reward=1:3
// Prepare Zone : between EMA and ShortLine
// shortPrice : Blue dot line only showing when has Short position, Which shows entry price.
// StopPrice : Black dot line only showing when has Short position, Which shows updated stop price.
//
// Add SMA50 to filter the trend. Price <= SMA, allow to short
//
// What (Condition): in BB down trend band
// When (Price action): Price cross below ShortLine;
// How (Trading Plan): Short at ShortLine;
// Initial Stop is EMA;
// Initial Target is BB Lower Line;
// FollowUp: if price moves down first, and EMA is below Short Price. Move stop to EMA, At least "make even" in this trade;
// if Price touched Short Line again and goes down, new EMA will be the updated stop
//
// Exit: 1. Initial stop -- "Stop" when down first, Close above stop
// 2. Target reached -- "TR" when down quickly, Target reached
// 3. make even -- "ME" when small down and up, Exit at Entry Price
// 4. Small Winner -- "SM" when EMA below Entry price, Exit when Close above EMA
//
// --------------
// Because there are too many flags in up trend study already, I created this down trend script separately.
// Uptrend study is good for SPY, QQQ, and strong stocks.
// Downtrend Study is good for weak ETF, stock, and (-2x, -3x) ETFs, such as FAZ, UVXY, USO, XOP, AAL, CCL
// -----------------------------------------------------------------------------------------------------------------
// Back test Weekly and daily chart for SPY, QQQ, XOP, AAL, BA, MMM, FAZ, UVXY
// The best sample is FAZ Weekly chart.
// When SPY and QQQ are good in long term up trend, these (-2x, -3x) ETFs are always going down in long term.
// Some of them are not allowed to short. I used option Put/Put spread for the short entry.
//
The_Redticker's Intraday IndicatorThis is a simplistic indicator capable of predicting Intraday Reversal regions for almost any chart on NSE/BSE (Indian Stock Exchanges)
Notes for Usage:
Best works when used on both indexes NIFTY and NIFTYBANK simultaneously in correlation. Its easy to understand that correlation, any one using it should spot it in a few days
Also, should only be used on 3 or 5 mins timeframe.
ENTRY:
The Inner regions marked by Red and Green lines are to be used for entries. Can look for both long and short reversal on either zones, can be teamed with other oscillators for better understanding.
Basically, when the CMP enters either Red or Green Zone, look for a long or short entry at the close outside the zone on 3 or 5 mins timeframe with the other side of the zone as stoploss trigger price.
While the Purple line on either side indicates the target zones.
P.s. If entering Short reversal at the Red Zone, then Green zone can also serve as first target and Purple zone as the final target depending on Market momentum. Vice-versa for entry at Long reversal at Green zone too.
Note: This indicator is most of the time absolutely correct, but needs to corrected every few months for VIX change. If and when that is done next will update it to show a NOTE on chart regarding that.
Look at any Index ideas on my profile to see live examples.
SSL Crossover + MA choiceThis indicator builds on the SSL channel code by ErwinBeckers @
I have added options for diff MA's to be used in the SSL channel and crossover indicators for buy/sell signals
default MA is set to Arnaud Legaux, but you can set it to whatever you like - original was a Simple Moving Average by ErwinBeckers
The indicator will not repaint as the signals are drawn after close of crossover candles
Let me know if you have any suggestions - happy to add more functionality
Crypto Cradle v6A long signal (green bar background) is flagged if a small bullish candle is in/around the EMA10/20 cradle.
A short signal (red bar background) is flagged if a small bearish candle is in/around the EMA10/20 cradle.
Other factors must be present such as MACD convergence and higher timeframe trend.
The blue bar is the entry. The red bar is the stop.
The strategy is designed to discretionally trade trending cryptocurrency assets.
SETTINGS:
Experiment with the zig-zag trend sensitivity (3-4 works best) to match entry timeframe trend detection.
* 'Zig Zag - Must require pullback trend' - sometimes a small bullish / bearish candle can appear in the cradle zone without a clear pullback (ie price has travelled sideways into the EMAs). Switch this on in an attempt to exclude such pull-backs.
* 'Zig Zag - Require extra trend zig' - trend is determined by a H, L, HH, HL forming (for long). Tis setting requests one more trend-aligned zig/zag (ie L, H, HL, HH, HL).
* 'Zig Zag - Show Higher Time Period Trend' - the trend sensitivity is doubled to estimate higher timeframe trend. This visualises what the algorithm has determined as the higher timeframe zig-zag pivot points .
* 'Minimum candles since outer pivot' - this attempts to exclude signals that occur after a dramatic pull-back.
* 'Entry Candle Offset Max' - how many bars to wait for entry
PROFIT TAKING:
There are many ways to take profit after entry - trailing stops, scaling out 50% at 1:1, fixed targets, fib extensions, etc. This is out of scope for this indicator.
I have included a basic 1:1 level line (dull green when enabled) and a fixed target level line ( bright green when enabled) that uses a risk/reward multiplier.
ALERT:
To create a generic alert, click the + button in the Alerts panel, select 'Crypto Cradle v6' from the first list, select 'Cradle v6 Short/Long Alert' from the second list, and select 'Once Per Bar Close'. Don't forget to add the timeframe to the message.
This indicator supersedes the open-sourced '"Crypto Cradle" trigger' / 'Crypto Cradle v2' indicator seen here:
McMillan Volatility Bands w/ Buy & Sell Signals [optstrategist]BACKGROUND
McMillan Volatility Bands are an alternative approach to John Bollinger's "Bollinger Band" study and developed by world-renowned options trader and author Lawrence G. McMillan. Given his background in options trading, it was natural for Lawrence to approach any volatility-based study in the same manner options are priced --using Black-Scholes model. This model of pricing assumes a financial asset's volatility should be measured in percentage change rather than absolute value change.
OVERVIEW
The McMillan Volatility Bands indicator for TradingView will plot the 3 and 4-standard deviation bands around a 20-day moving average. This is how Larry has always used this system. The user can, however, change the standard deviation value as well as the moving average length to their preferred setting. This indicator can be used on any asset and on any timeframe.
Furthermore, the indicator will plot buy and sell signals based on a trading system used by Larry in his flagship newsletter publication The Daily Strategist. The system gives a signal when price closes outside the 4-sigma band and then closes back within the 3-sigma band. That 'signal bar' will be colored red or green for a sell or buy signal setup, respectively.
Finally, an arrow will be plotted on the chart where the system would actually enter the trade. This is determined when price trades a little beyond the extreme of the 'signal bar'. The level by which price has to go beyond the 'signal bar' is an input parameter and can be adjusted by the user. We've chosen the default value of 0.34. This means, the indicator will not give a buy or sell entry until the price moves: 1/3 x beyond the extreme signal bar. This is to prevent getting whipsawed by some setups that never really move in your favor. We've found it successfully removes the less-valuable trade setups.
PARAMETERS
ma_length => length of the moving average that the volatility bands work off of
outside_sigma => standard deviation of outer volatility band
inside_sigma => standard deviation of inner volatility band
entry_trigger_cushion => this refers to the percentage of the signal bar's range. The default value is 0.34. This means price will need to move 1/3 (~34%) of the signal bar's range beyond the high (for a buy) or low (for a sell) of the signal bar to trigger a buy/sell entry. This entry plots the arrow on the chart. We have found requiring this extra move in price eliminates many of the less-desirable signals at the expense of entering the better signals a little later.
WANT TO PURCHASE OR NEED MORE INFORMATION ON McMILLAN VOLATILITY BANDS?
Visit the link below to see purchasing options as well as screenshots of the indicator and how we trade it at McMillan Analysis Corp.
Mionne LongShort Swing ViewThis is a Beta Version from a LongShort Swing View
Inspired by CryptoAman better know as ACEACEACE
At the moment it based on a 5 min. Chart
Shows possible Entrys and Exits from Longs on 5 Minutes Swings
titecher(trial)This indicator is trial version. You can use it for a month.
titecher : signal indicator
▽ △ ◻︎ will appear automatically after close price decide.
▽ is "buy" signal and △ is "sell" signal.
◻︎ represents the chance of entry.
Orange show the possibility of turnaround.
The indicator can be used at daily trade and long-term trade.
If you can also use Entry Band which is another indicator from me, the entry price become better price.
currency is below:
USDJPY GBPUSD EURUSD XBTUSD (Daily)
I referred these indicators: moving average, volume , price.
The indicator is based on Dow theory.
If you want to use the indicator, please use the link below.
titecher
titecher : signal indicator
▽ △ ◻︎ will appear automatically after close price decide.
▽ is "buy" signal and △ is "sell" signal.
◻︎ represents the chance of entry.
Orange show the possibility of turnaround.
The indicator can be used at daily trade and long-term trade.
If you can also use Entry Band which is another indicator from me, the entry price become better price.
currency is below:
USDJPY GBPUSD EURUSD XBTUSD (Daily)
I referred these indicators: moving average, volume , price.
The indicator is based on Dow theory.
If you want to use the indicator, please use the link below.
Uber M-Oscillator (M. Fawzy, 2018) [UTS]General Usage
The M-Oscillator analyses the price change rather than the price level. It draws the difference between prices at two time intervals.
It is a leading indicator of price direction. It can identify when the current trend is no longer maintaining its same level of strength or is losing
momentum. The importance of the momentum is when its value reaches to extreme levels either up or down.
Interpretation
M-Oscillator reading for default period of 14.
M-Oscillator is plotted along the bottom of the price chart; it
fluctuates between positive and negative 14.
Movement above 10 is considered overbought, and movement
below -10 is oversold.
In sharp moves to the upside, the M-Oscillator fluctuates
between 5 and 14, while in down side it fluctuates between -5
and -14.
In an uptrend, the M-Oscillator fluctuates between zero and
14 and vice versa.
The advantage
The momentum line leads the price action (it leads the
advance or decline in prices).
The crossing of the zero line is considered as a trading signal.
The disadvantage
The need for an upper and lower boundary.
If recent price gains are the same as older price gains, the
momentum line will be fl at even though the market is still
going up.
If recent price gains are less than those of before, even if
prices are still rising, the rate of change will have slowed
further, and the momentum line will actually drop.
Using price differences in the erratic movements often caused
by sharp changes in the value.
The "Uber" M-Oscillator
The Uber version of M-Oscillator provides the following improvements:
Period is not fixed to 14 anymore, can be determined freely
Overbought and oversold conditions are automatically adjusted to the chosen period
Ability to draw oscillator crosses on the signal line
For both oscillator and signal line smoothing 16 moving averages are available
Available Moving Averages
16 different moving averages are available for oscillator and signal line:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
Alerts
Traders can easily use the trend change signals to trigger alerts from:
Cross Up
Cross Down
Those values are > zero if a condition is triggered.
Alert condition example: "Cross Up" - "GreaterThan" - "0"
Trading tactics
Overbought/Oversold:
We define the overbought area as anywhere above the 10
level. The oversold area is below -10. When the M-Oscillator goes
above 10 (overbought) and then re-crosses it to the downside,
a sell signal is triggered. When the M-Oscillator surpasses -10
to the downside and then re-crosses back above this level, a
buy signal is triggered. This tactic is only successful during
sideways markets; during an uptrend, the oscillator will remain
in its overbought territory for long period of times. During a
downtrend, it will remain in oversold for a long time.
Overbought/Oversold rule:
Buy when the M-Oscillator violates the (-10) level to the
downside and crosses back to the upside
Sell when the M-Oscillator crosses above the (+10) level and
crosses back to the downside
Divergence:
Divergence is one of the most striking features of the
M-Oscillator. It is a very important aspect of technical analysis
that enhances trading tactics enormously; it shows hidden
weakness or strength in the market, which is not apparent in
the price action. A positive divergence occurs when the price is
declining and makes a lower low, while M-Oscillator witnesses
a higher low. A negative divergence occurs when the price is
rising and makes a higher High, while the M-Oscillator makes
a lower high, which indicates hidden weakness in the market.
Divergences are very important as they give us early hints of
trend reversal.
Divergence rule:
Buy when the M-Oscillator witnesses a positive divergence
with prices followed by a rise above (-10)
Sell when the M-Oscillator witnesses a negative divergence
with prices followed by a decline below (+10)
Support and Resistance
During an uptrend, the M-Oscillator moves between (0) and
(+10). During a downtrend, most of the time the M-Oscillator
will move between (0) and (-10). Sometimes the (0) level acts
as support (in the case of uptrends) and resistance (during
downtrends). We can buy during an uptrend when the
M-Oscillator reaches its midrange (0) and begins to move to the
upside from there. During downtrends, an upward move to (0)
might be a selling opportunity.
It is also used as exit signal (when the M-Oscillator acts as a
resistance) as well as indication of a re-entry level (when the
M-Oscillator acts as a support)
Exit signal:
When the M-Oscillator crosses above the (-10), giving
a buy signal, but it doesn’t retrace further than the zero
line, the M-Oscillator drops towards the lower boundary.
This is considered as weakness and an exit signal when the
M-Oscillator drops from the zero line toward the (-10). (To avoid
whipsaws, filters can be used.)
Re-entry:
When the M-Oscillator breaks the (+10), giving a sell signal,
but it doesn’t retrace further than the zero line, the M-Oscillator
rebounds toward the upper boundary. This is considered as
strength and a re-entry point when the M-Oscillator rebounds
from zero line to upside. (To avoid whipsaws, filters can be used.)
Using M-Oscillator as a Trend Identifier on LongTerm Scale
During downtrends, the M-Oscillator does not reach
overbought zone. A move toward the overbought area is a sign of
strength when it occurs for the first time in a while. On the other
hand, during uptrend, the M-Oscillator does not reach oversold
areas easily. Going into oversold and staying there after a long
time is a signal that the uptrend is reversing. (As Constance
Brown explained in her book Technical Analysis for the Trading
Professional, chapter 1, “oscillators do not travel between 0 and
100”.)
Crossover on Extreme Levels
Sell signals are triggered when the M-Oscillator crosses
its signal line above (13), which indicates an extreme market
condition, and buy signals are triggered when the M-Oscillator
crosses its signal line below (- 13).
QQE signalsConverted the QQE oscillator to in-chart long and short signals with built in alerts. This is multi-timeframe and quite robust.
LOSS2PROFIT_MARKET_ZONE//Version4
Best For Range Trader...
Combination of decision Point and Pivot Point And CPR...
Market Zone consist of
TMZ = Top Market Zone
CMZ = Center Market Zone
BMZ = Bottom MArket Zone
You can choose option of daily /weekly/monthly/yearly...
Historical data Control...
Easy Way to Analyse Market Zone to apply breakout and pullback entry..
Easy to capture Trending and Non-Trending Market..
SNDTOsc - MTFSNDTOsc helps identify when a market is in a good position to identify an entry.
This indicator requires a bit of manual judgement and tweaking for specific markets. In a higher volatility market, use 1 to catch the quicker price movements. In low volatility, use 4. I normally flip between 1 and 2 with an occasional 3 or 4 in the higher timeframe if I need to determine the trend.
Pay attention to the color and position of the columns because they measure the higher timeframe's current bullish/bearish strength:
Lime - Bullish zone
Green - Potentially exhausted bullish zone
Pink - Bearish zone
Maroon - Potentially exhausted bearish zone
A few simple rules to filter out hasty entries:
HTF (Higher timeframe) - Lime
Look for a long entry upon a bullish crossover (red above blue) as long as the crossover is below the overbought zone.
HTF - Green
No new long positions. Look for short position upon bearish crossover.
HTF - Pink
Look for a short entry upon a bearish crossover as long as crossover is above oversold zone
HTF - Red
No new short positions. Look for long position upon bullish crossover
Juicy BowlingBand StrategyThis script gives you buy or sell signals based of the bowling band indicator. It is easy to understand and customize. We have also coded in alerts. This indicator works best at markeds that has trended in a direction for a while.
Mirror MACD by Trader JayThis is my take on the metatrader indicator, the mirror macd. Works pretty good on Forex, haven't tested on anything else
Enter long after the Blue Line Cross Up the Red Line and EXIT after the Green line Cross Up the Red Line (above the Blue Line).
For the opposite position : ENTER SELL after the Red Line Cross Down.
EMASARPLEASE READ THE FULL DESCRIPTION BEFORE BUYING OR USING THIS INDICATOR
EMASAR (pronounced Emma-sar) is a strategy based on Exponential Moving Averages and the Parabolic SAR . This is a position trading approach that is derived from Tyler Jenks’ Consensio.
This strategy was developed with four objectives in mind: (1) managing risk (2) protecting from missing out on major moves (3) maximizing risk:reward (4) staying in a trending market and taking profit before it fully reverses.
EMASAR does a great job at accomplishing all of the above through the buy and sell signals that are generated. The data provided below is from the signals that occurred on Bitcoin (Bitstamp) from January 1, 2015 to present (November 11, 2019).
(1) Risk is tightly managed, relative to the winners, and losing positions will be exited before the market moves too far against.
The biggest losing trade on Bitcoin, for the time period outlined above, is -18.47%.
(2) Following the EMASAR buy and sell signals guarantees that one will not miss out on a major trend. As a result of the indicators used for this system it is mathematically impossible for a major trend to occur without providing a buy or sell signal. This system isn't meant to catch exact tops or bottoms but it will do a great job of capturing ~85% of a trend.
(3) On average the winning trades will be 5.55 times the losing trades. There will be stretches where the losers are bigger than the winners and this could last for many months, maybe even a year. However, over the long run the average reward is expected to be 5.55 times the average risk*.
*Past performance does not guarantee future results!
(4) This indicator was designed to capitalize on parabolic markets, specifically Bitcoin and alt coins. Crypto markets have a tendency to get moving so fast that many indicators become all but useless.
Entries can get signaled too late and exits will get signaled way too early. This is specifically true when using oscillators that are designed to identify overbought or oversold environments. EMASAR does a great job of keeping us in a position for the duration of a trend and this includes the major parabolic runs that Bitcoin has a tendency to go on.
Take a look at the two charts below which illustrates the buy and sell signals that occurred at the beginning and end of the 2017 and 2019 parabolic moves. Green = Buy | Blue = Exit | Red = Short
Long signaled at $4,190.27 on September 29th, 2017
Exit signaled at $13,647 on January 14th, 2018
Short signaled at $12,050 on January 16th, 2018
Close Short signaled at $3,684 on February 18th, 2019
Long signaled at $3,684 on February 18th, 2019
Exit signaled at $9,614 on July 16th, 2019
Short signaled at $10,328 on July 22nd, 2019
When Bitcoin, or other alts, really get moving it can be very difficult to distinguish between a correction and a full reversal. We do not want to be exiting during a minor correction, instead this is a time when we want to be holding on or looking to buy the dip.
This is a very fragile balance. The market has a very strong tendency to make corrections looks like reversals and to make reversals look like corrections. Therefore it is very important to have a tool(s) that you trust to distinguish in between the two.
I believe that EMASAR is the best way to find that balance - if I knew of a better way then I would be using it instead!
Following these signals will help us to hold onto positions while the market is still trending in our favor when most think that it has moved too far / too fast, and it will also get us out before a market fully reverses.
Keep in mind that there will be times when we exit a market that is in danger of reversing, only to buy back higher later on. That is okay because it enables us to properly manage risk during times of uncertainty and buying back in at a higher price is more than worth the opportunity cost.
Lets look at the signals above in chronological order:
1) Close Long: $2,274
2) Open Short: $2,347
3) Exit Short: $2,934
4) Open Long: $2,766
5) Close Long: $3,124
6) Enter Long: $4,190
A long was closed at $2,274 after Signal #1 and was re-entered after Signal #4 at $2,766. Additionally a long was closed at $3,124 after Signal #5 and was re-entered on the following signal at $4,190. These are examples of some of the bad signals that will occur. Something to pay attention to is the ratio of the risk to the reward. When the market turns against us EMASAR will quickly signal an exit or a re entry.
EMASAR also works great in traditional markets. The S&P 500 has been on a tear lately after creating new all time highs in October of 2019. It has resumed it's strong bull trend and therefore it is a great market to have long exposure to. That being said we are well overdue for a correction and most people, including myself, expect the next bear market to be much more severe than the last two. Therefore I would not want to have long exposure unless equipped with a very reliable method for taking profit before it fully reverses.
Let's take a look at the S&P 500 weekly EMASAR signals using the preferred settings outlined below:
In August of 1990 EMASAR signaled a 'Close Long' at $308. At that time the market was in danger of fully reversing. When that didn't happen EMASAR gave a signal to re enter at $369 which resulted in losing 19.8% in opportunity cost. That is quite okay because it would have allowed us to properly protect ourselves in the event that the market proceeded to crash. Instead we entered a massive bull market that culminated in the dot com bubble. Notice how EMASAR kept us in for the entire duration of that bull run and then signaled an exit very close to the top at $1,294. It got us back in by the end of 2004 after the market had bottomed. Yet again it kept us in for the following multi year bull market before signaling an exit very close to the top at $1,270.
The action that followed in 2016 looks very similar to what happened in 1990 - 1991. An exit was signaled when the market was in danger of fully reversing. When that didn't happen a re entry was signaled 14% higher. Now the market appears to be taking off in another parabolic advance. There is no way to know how far this next run will go or how long it will last. Nevertheless I feel highly confident that I will be able to hold on for the majority of the trend and then get fully out before it reverses thanks to the signals provided by EMASAR.
When looking at the signals on Gold we will notice striking similarities to the signals in the S&P 500 as well as Bitcoin.
Notice how an entry was signaled very close to the bottom at $323 in June of 2002. An exit was also signaled very close to the top at $1,441 in April of 2013. Throughout that runup there was one bad signal that cost some opportunity. It's very important to understand that missing out on opportunity is well worth the price because it allows us to effectively manage risk. EMASAR also recently provided a long signal at $1,401 which preceded this recent runup.
Settings
Default settings work best for crypto, however the time multiplier should be adjusted for markets that are not open 24/7. For commodities and FOREX my default is 40 and for stocks I use 24. The Moving Averages can be adjusted as well. The period can be changed and you can also select SMA or EMA. I always use the EMA's and strongly prefer the 50 and 200. We have noticed good results with the 9 and 54 EMA's as well. The shorter the period that the Moving Average is set to the more frequent the signals will be. This will generally improve risk:reward while decreasing strike rate. For crypto the best time frames are the 4h and 6h. For traditional markets the best time frames are the Daily, 3D and Weekly. EMASAR can be used on smaller time frames as well, specifically in crypto. The 15m and 1h have shown good results.
Risks
The biggest risks with trading EMASAR revolve around disobeying the signals. Risk management is built into this system with the exit signals that will occur, however it is up to the individual to execute those signals. Passing on an exit signal could lead to a big loss which would have a dramatic impact on the ROI. Most trading systems will have small and medium losses with small, medium and large wins. That is exactly how this works. The small - medium losses and wins will mostly be a wash and will account for roughly 80% of the trades. The large wins will happen about 20% of the time and will make up 80% - 90% of the profits.
Therefore the two biggest risks are passing on signals entirely, or exiting preemptively. Getting chopped in and out of a market can be quite frustrating. If you become overwhelmed with negative emotions then it could cause you to pass up on the next signal. That signal will often be the one that more than makes up for the small - medium losses that preceded.
On average EMASAR will provide one signal every 6 weeks when using the default settings on the 4h chart. Therefore missing one entry could turn an otherwise profitable year into a loser. If electing to trade a system, whether it is EMASAR or another, it is crucial to commit to taking every signal regardless of outside variables (namely your personal bias about market direction or frustration that follows a losing stretch).
Another major risk with this system is taking too much profit too soon. When getting into a trade that has the potential to be a big winner it can be challenging to continue holding through the swings. Anyone that has watched paper profits vanish will be inclined to start exiting after the market makes a big move in his or her favor. While this is better than watching profits completely evaporate, this mistake can be enough to turn a profitable system into one that loses to the market. If 80% - 90% of our profits come from 10% - 20% of our trades then it is vital we do not cut those positions off at the knees.
If taking too much profit too soon then you will consistently turn potential large winners into medium winners. This may lead to making money over the long run which will make it very difficult to realize that anything is wrong. However making money and beating the market are two very different things. Exiting early and making money is nearly as big of a risk as missing entries entirely.
If you have the discipline to execute signals in a timely manner after they are triggered and the emotional control to let the winners run despite the appearance of a vastly overbought / oversold market, then you should have what it takes to beat the market with EMASAR.
If you are not an experienced trader then it is very important to start out small. The only way to learn is to trade in a live environment and the only way to succeed is to risk much less than you can afford to lose. If you have $2,000 to trade with then start with a maximum position size of $20 - $50 and don’t be shy about scaling that down even further. Focus on ROI instead of actual dollars made. If you can return 100% on a $20 roll then you should be able to do the same with a $2,000 roll.
Important Notes
Make sure that you read / understand the risks outlined above. If you jump into this without understanding the unique risks that this system entails then you are going to have a bad time.
This indicator was developed around the 4h and that is where it works best. For crypto adjusting to higher TF’s will cause for bad results as the entries / exits will be late to the party. For traditional markets the Daily - Weekly time frames are preferred. It was not originally intended for smaller TF's but we have seen some good results on the 15m and 1h. The RSI can be a great compliment when using on smaller TF's. Adding a rule for not entering when RSI > 75 or < 25 and instead entering when RSI retests 50 will help to avoid some bad signals.
Alerts can be set for this indicator. Simply make sure that it is visible on the chart, then click the alert icon on the top panel. In the first dropdown set 'Condition' to 'EMASAR' and the second 'Condition' for the upcoming signal. For example if just entered long then set the second condition to 'Close Long' and you will be notified as soon as that signal occurs. If waiting for the next long entry then set the second condition to 'Open Long' so on and so forth. There is an 'All in One' alert that is also available. If you select that then you will be alerted any time that a signal occurs. The message will tell you to check the chart to see which signal caused the alert.
How to Buy
The EMASAR Indicator is available for purchase on my website. The link can be found in my signature or in the tagline of my Trading View profile.
The price is $500 per year which is only payable in Bitcoin. That also includes access to a private Telegram group.
NCTA Trend BiasTrend Bias
The NCTA Trend Bias indicator is designed to show traders the overall directional bias of the market. It is excellent in short 1, 3, and 5 minute timeframes for futures traders and short term options traders. Longer timeframes such as the 5, 10, and 30 minute timeframes work well for options traders.
This indicator is used by displaying it twice on the chart. For 1, 3, and 5 minute charts, one of the Trend Bias indicators is set at Fast and the other is set at Medium.
For 30 min or higher charts, one Trend Bias Indicator is set at Medium and the other one is set at Slow.
The indicator consists of three trend lines; a fast signal, a medium signal, and a slow signal. There is a possible trade entry when the fast signal crosses either the medium and/or slow signals.
HOW TO USE: The most effective way to use this indicator is to have it displayed twice, using the settings described above for the relevant chart timeframe.
When both indicators show the fast line (blue line) crossing above the medium (red) or the slow (green) line, it implies an opportunity to go long or buy a call. When both indicators show the fast line crossing below the medium and/or slow line, it implies an opportunity to go short or buy a put.
The Trend Bias Indicator also provides a powerful directional bias entry when used in alignment with the Awesome Oscillator. Green AO aligned with a long Trend Bias entry or red AO aligned with a short Trend Bias entry.
For information on gaining access to this indicator, please see the link below in our signature field.
RTYZ2019
NASDAQ:AMZN
Ranging Script For Cash CrewDisclaimer:
THIS IS NOT A TESTED STRATEGY BY ANY MEANS AND SHOULD NOT BE TRADED UPON. ONLY USE IT TO LEARN AND I AM NOT GURANTING ANYTHING AS THIS IS NOT TESTED AND COULD VERY WELL NOT BE A GOOD INDICATOR. IT IS STILL IN INITIAL DEVELOPMENT PHASE.
The yellow lines above and below the candles are known as the entry/extension lines. They represent when there is a potential entry. The line above is for short entries and the line below is for long entries. The red line that is above the bottom yellow line, but below the candles is the exit point for a long position in the event that it entered one when the price crossed below the long entry line. The green line above the candle represents the short exit price in the event a position enters on that candle. The input labeled "TP Line Standard Deviation" adjusts the standard deviations of the last 20 candles high and open difference for above the lines above the candle and the last 20 candles open and low difference for the lines below the candle. These values gathered are then added to the open price of the candle to form the lines. The larger the number of deviations, the further it will go from the candles. The "Entry Multiplier" represents the multiplier size for the entry line. The larger it is, the further away from the candle open it will be. Once the position is entered, the tp should not change and it is the current value of the exit line.
