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Profit Bands [Loxx]Profit Bands is a supplementary indicator to be used with Loxx's backtests and combination indicators that use volatility-based take profits and stop loss. This indicator includes two types of volatility: Average True Range and True Range Double. Additional volatility sources will be added in the future. The lines painted on the screen are multiples of ATR for Take Profits and Stoploss for Long/Short positions that you can change in the settings. 3 Take Profits and 1 Stoploss is supported. You can turn on/off each UI element. Position size is determined by calculating the size of an investment where you'd lose only X% of your balance if the Stoploss is hit. You can enter your total balance available to trade and the desired % risk you'd be willing to lose at SL. Typically this number is 1-2% of total balance per trade. Always remember to wait for bar close on a signal to and then peg this indicator to 1 bar backward to fix the price levels the then seed the exact levels you'll use for Take Profits and Stoploss. This indicator will match exactly the levels in other indicators in Loxx's scripts such as Kaleidoscope. You would overlay this script over any other script that uses volatility stops to see where to place your TPs and SL
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loxx tarafından
1
Profit Loss Fund Template ( PLFT / MCDX )Profit Loss Fund Template indicator shows Buyer / Seller activity by calculating series of daily Price & Volume data, over a certain period of time. It helps to analyse Institution fund's possible behavior with pool of data derived from price volume movement. RED bar represents percentage of stock holders are currently in profit. Purple line is RED bar's moving average. BLUE bar represents percentage of stock holders are currently in loss. Green line is BLUE bar's moving average. RED bar > 50% shows institution fund has in control, uptrend is likely easier to continue. BLUE bar > 50% shows retailer fund is stucked inside, downtrend is likely easier to continue. Crossing of moving average lines indicates changing of trend (reversal sign): 1) Purple line up-crossed Green line - UPTREND 2) Green line up-crossed Purple line - DOWNTREND
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SmartYoloPro tarafından
6
Profit Sniper 3.0Profit Sniper 3.0 is a completely new Indicator built from the ground up as a successor to previous 1.0 and 2.0 versions of Profit Sniper. Offering up huge improvements, including multiple position triggers, derived from Bollinger Bands and Chande Momentum as well as our own bespoke stochastic ribbons that provide trend pivots . Profit Sniper 3.0 has been specifically re-written to simplify usage, and for use with automation, including our own in-house trading robot known as C.A.T (Crypto Algo Trader). Another big decision was to remove the MACD from the indicator package, as invariably users preferred using the built-in MACD . So how does it work? 3.0 operates off two timeframes in parallel, your Trend Timeframe (Higher Timeframe concerned with identifying market up & down trends), and your Trade Timeframe (Lower Timeframe to actually trade Longs & Shorts in). Within each timeframe, you can tailor your preference for waiting for either Stochastic Ribbon cross only, or Ribbon Cross followed by Chande Confirmation for that additional market structure confidence. Flags & Alerts will then provide you with numerous trading Long & Short trading opportunities per day. You also have the option to trade with trend so the indicator will automatically flag & alert only Shorts in a Short trend, and Longs in a Long Trend. If you would like access, please send me a PM.
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KeithWareing tarafından
24
Profit Sniper 2.0 Visual Scalper CompanionProfit Sniper companion indicator for scalping, derived from standard Chande Momentum that can be changed to display Heiken-Ashi Chande while Japanese candles are displayed on the screen. To be used as a visual tool alongside "Profit Sniper 2.0" Indicator to allow you to clearly and easily verify Heiken-Ashi Chande Momentum precise position and general trend at the time a "Sight" label is painted onto your chart from the main "Profit Sniper 2.0" Indicator. We'll be adding further indicators in the near future to match legacy Profit Sniper.
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KeithWareing tarafından
2
Profit Sniper 2.0Profit Sniper 2.0 is a completely new Indicator designed as a successor to previous 1.0 versions of Profit Sniper Offering up huge improvements, including multiple position triggers, derived from Bollinger Bands and Chande Momentum as well as our own bespoke stochastic ribbons that provide trend pivots . Profit Sniper now works with regular Japanese candles, however, it still provides the flexibility of Heiken Ashi settings for certain elements of the indicator, this allows the accuracy of Japanese candlestick prices, and the smooth trends of HA. Profit Sniper 2.0 has been specifically re-written for use with automation, including our own in-house trading robot known as C.A.T (Crypto Algo Trader) and as such we have chosen to remove several noisy elements of the now defunct Profit Sniper that were underused, such as the PPO and RSI variants. Another big decision was to remove the MACD from the indicator package, as invariably users preferred using the built-in MACD . So how does it work? HUNT In true Sniper fashion, when our stochastic HA ribbons pivot between short and long trends, the indicator will offer up a colour coded flag the says “1. HUNT” green for long, red for short. SIGHT At this stage, the indicator is now looking for a second condition, this is displayed as “2. Sight” at this point the indicator as noticed a drop in the previous momentum, to pre-empt a flip between long and short. Red is for short, green is for Long FIRE The final condition to be met is based on the positioning of the Bollinger Bands , which is show as the “3. Fire Flag” again, as with hunt and sight, red is for short and green is for long.
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KeithWareing tarafından
10
Profitability Power RatioProfitability Power Ratio The Profitability Power Ratio is a financial metric designed to assess the efficiency of a company's operations by evaluating the relationship between its Enterprise Value (EV) and Return on Equity (ROE). This ratio provides insights into how effectively a company generates profits relative to its equity and overall valuation. Qualities and Interpretations: 1. Efficiency Benchmark: The Profitability Power Ratio serves as a benchmark for evaluating how efficiently a company utilizes its equity capital to generate profits. A higher ratio indicates that the company is generating significant profits relative to its valuation, reflecting efficient use of invested capital. 2. Financial Health Indicator: This ratio can be used as an indicator of financial health. A consistently high or improving ratio over time suggests strong operational efficiency and sustainable profitability. 3. Investment Considerations: Investors can use this ratio to assess the attractiveness of an investment opportunity. A high ratio may signal potential for good returns, but it's important to consider the underlying reasons for the ratio's level to avoid misinterpretation. 4. Risk Evaluation: An excessively high Profitability Power Ratio could also signal elevated risk. It may indicate aggressive financial leveraging or unsustainable growth expectations, which could pose risks during economic downturns or market fluctuations. Interpreting the Ratio: 1. Higher Ratio: A higher Profitability Power Ratio typically signifies efficient capital utilization and strong profitability relative to the company's valuation. 2. Lower Ratio: A lower ratio may suggest inefficiencies in capital allocation or lower profitability relative to enterprise value. 3. Benchmarking: Compare the company's ratio with industry peers and historical performance to gain deeper insights into its financial standing and operational efficiency. Using the Indicator: The Profitability Power Ratio is plotted on a chart to visualize trends and fluctuations over time. Users can customize the color of the plot to emphasize this metric and integrate it into their financial analysis toolkit for comprehensive decision-making. Disclaimer: The Profitability Power Ratio is a financial metric designed for informational purposes only and should not be considered as financial or investment advice. Users should conduct thorough research and analysis before making any investment decisions based on this indicator. Past performance is not indicative of future results. All investments involve risks, and users are encouraged to consult with a qualified financial advisor or professional before making investment decisions.
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Julien_Eche tarafından
1
Profitability Meter for Day Trading PRO [GO8686]For day traders, keeping a position is risky and costly, a popular strategy is to open a position ONLY when volatility is active, in other words, only when profitability is back. This indicator reveals the movements of the underlying profitability of a trading security in different time dimensions. This indicator calculates and displays price change percentage of MACD cycles, highlights those MACD cycles that are over the profitability threshold, helping traders identify range area, the start of a new trend and the fading of a trend. Multiple time frames: This indicator is designed for day trading, so suggested time frames are: 3m, 5m, 15m, 30m, 1H. Users can try other time frames (< 1D) if it fits their trading practice. Range area in general: a small green column and a small red column appear alternately, or most columns are gray within the period. The start of a new trend: an outstanding green or red column means the macd cross brought a price change that was higher than the profitability threshold, which could mean a new trend, especially when it was from a range area. The fading of a trend: for instance, when green columns are getting smaller and red columns appear, a fading of bull trend could be on the way. This is PRO version of Profitability Meter for Day Trading PRO excluded functions: Alert Function: allowing user to set alert for price change with Profitability, or set alert for statistics results. Statistics within Customisable Time Span: Percentage of MACD cycles with profitability, the average of price change(%) and MACD cycles count. Users can customize the time range by days，hours or bars (up to the maximum backtracking value that Tradingview allows). Subscribers of this indicator may apply for two-month free-trial of "Crypto Currency Profitability Rankings PRO with Customisable List" Free trial of two-week: Please leave a comment asking for a trial, you should get access in 48 hours. In case it doesn't happen, please message the author. Visibility:Invite-Only Format Configuration: Profitability Threshold: a percentage of price movement within a MACD cycle that a user thinks is good to define profitability, defval: 0.8%. Alertthreshold: Threshold percentage for alert. timeSpan: Time span for statistics timeSpanType: Time span type for statistics Related Indicators： Crypto Currency Profitability Rankings Standard with Popular List (Protected): The Indicator calculates and compares the profitability of a group of popular crypto currencies - based on MACD cycles and user-defined time span, helping traders to find the most suitable trading security. Crypto Currency Profitability Rankings PRO with Customisable List (Invite-Only): Contact the author for a free trial. List of the author's Indicators www.tradingview.com Disclaim: By using or requesting access to this indicator, you acknowledge that you have read and accepted that this indicator is for study purposes only and it does NOT guarantee you will make money. I am not financial advisor and I am NOT responsible for any profits or losses you may incur by using this indicator! Users should make their own decisions, carefully assess risks and be responsible for investment and trading activities. The latest updates override the previous description. Please check the updates. 日内交易盈利潜力指示仪PRO 这是日内交易盈利潜力指示仪的PRO版本 PRO专属功能: 预设警报：方便用户为赢利性变动和统计学结果设置警报。 统计功能：过去特定时间段的可赢利波动的百分比，波动百分比平均值和MACD周期计数。用户可以自定义时间幅度：可以用天数，小时数，蜡烛数(上至Tradingview最大回溯值) 本指标用户可以申请免费试用两个月“Crypto Currency Profitability Rankings PRO with Customisable List (Invite Only)” 指标特征描述 本指标帮助交易员认知交易标的在不同时间维度的赢利潜力的变化。 对于日内交易，保持仓位是要承担风险和成本的，一种交易策略是只在波动率被激活至可赢利水平后才开仓位。 本指标计算和展示赢利潜力-基于MACD周期的波动百分比，用颜色来突出高赢利性的波动周期。方便交易员辨识非交易区间，新趋势的开始和旧趋势的衰减。 多时间维度：本指标为日内交易设计，因此建议使用时间维度：3m,5m,15m,30m,1H; 如果用户需要，也可以用于其他不大于1D的维度。 盘整区的一般特征：当波动率消减时，波动率低于可赢利门槛，呈现灰色； 或者小的绿色和红色波动率间隔出现。 新趋势的开始：在盘整后期，新出现的绿色或者红色波动率可能标识着新趋势的开始。 旧趋势的衰减：以上升趋势为例，当绿色波动率逐渐缩小，而红色波动率开始出现时，可能标识着上升趋势衰减。 设置：盈利能力阈值：用户自定义的MACD单次波动的可赢利的百分比，默认为0.8% 免费试用两周：跟帖评论, 要求试用，您应该会在48小时内获得访问权限。 如果没有获得，请私信作者。 相关指标： Crypto Currency Profitability Rankings Standard with popular list (Protected) 加密货币赢利潜力排行指标 标准版 热门列表: 指标计算和比对一组热门虚拟货币的可赢利属性 - 基于MACD波动周期和用户自定义的时间周期，帮助交易员发掘最适合自己赢利和风险偏好的交易品种。 Crypto Currency Profitability Rankings PRO with Customisable List (Invite-Only): 加密货币赢利潜力排行指标 PRO 自定义列表 试用开发者的其他指标 www.tradingview.com 免责声明：在要求获得本指标使用权之前以及在使用本指标之前，用户认可已经完全了解和接受：本指标仅供教育和研究目的， 它不提供任何赢利的可能性。 本指标的开发者并非专业投资顾问，因此不对用户的任何赢亏负责。 用户应独立判断，审慎评估并自负投资和交易风险！ 最新更新会覆盖之前的说明。 请检查更新。
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go8686 tarafından
6
Profitability Meter for Day Trading [GO8686]Disclaim: By using or requesting access to this indicator, you acknowledge that you have read and accepted that this indicator is for study purposes only and it does NOT guarantee you will make money. I am not financial adviser and I am NOT responsible for any profits or losses you may incur by using this indicator. Users should make their own decisions, carefully assess risks and be responsible for investment and trading activities. Indicator Description Visibility:Protected This indicator helps traders understand the movements of the underlying profitability of a trading security in different time dimensions. For day trading, keeping a position is risky and costly, a popular strategy is to open a position ONLY when volatility is active, in other words, only when profitability is back. This indicator calculates and displays price movement percentage of MACD cycles, highlights those MACD cycles that are over the profitability threshold, helping traders identify range area, the start of a new trend and the fading of a trend. Multiple time frames: This indicator is designed for day trading, so suggested time frames are: 3m, 5m, 15m, 30m, 1H. Users can try other time frames (< 1D) if they find it useful. Range area in general: a small green column and a small red column appear alternately, or most columns are gray within the period. The start of a new trend: an outstanding green or red column means the MACD cross brought a price change that was higher than the profitability threshold, which could mean a new trend, especially when it was from a range area. The fading of a trend: for instance, when green columns are getting smaller and red columns appear, a fading of bull trend could be on the way. Format Configuration: Profitability Threshold: a percentage of price movement within a MACD cycle that a user thinks is good to define profitability, defval: 0.8%. PRO Version of this Indicator: Profitability Meter for Day Trading - PRO (Invite-Only) Alert Function: allowing user to set alert for price change with profitability, or set alert for statistics results. Statistics with Customisable Time Span: Percentage of MACD cycles with profitability, the average of price change(%) and MACD cycles count. Users can customize the time range by days，hours or bars (up to the maximum backtracking value that Tradingview allows). Related Indicators： Crypto Currency Profitability Rankings Standard with Popular List (Protected): This indicator calculates and generate a ranking of profitability from a popular list of crypto currencies, based on MACD cycles within user-defined time span, helping crypto traders to find the trading securities that suit their risk and volatility preference. Crypto Currency Profitability Rankings PRO with Customisable List (Invite-Only): Contact the author for a free trial. List of the author's Indicators www.tradingview.com The latest updates override the previous description. Please check the updates. 日内交易盈利潜力指示仪 免责声明：在要求获得本指标使用权之前以及在使用本指标之前，用户认可已经完全了解和接受：本指标仅供教育和研究目的， 它不提供任何赢利的可能性。 本指标的开发者并非专业投资顾问，因此不对用户的任何赢亏负责。 用户应独立判断，审慎评估并自负投资和交易风险！ 指标特征描述 本指标帮助交易员认知交易标的在不同时间维度的赢利潜力的变化。 对于日内交易，保持仓位是要承担风险和成本的，一种交易策略是只在波动率被激活至可赢利水平后才开仓位。 本指标计算和展示赢利潜力-基于MACD周期的波动百分比，用颜色来突出高赢利性的波动周期。方便交易员辨识非交易区间，新趋势的开始和旧趋势的衰减。 多时间维度：本指标为日内交易设计，因此建议使用时间维度：3m,5m,15m,30m,1H; 如果用户需要，也可以用于其他不大于1D的维度。 盘整区的一般特征：当波动率消减时，波动率低于可赢利门槛，呈现灰色； 或者小的绿色和红色波动率间隔出现。 新趋势的开始：在盘整后期，新出现的绿色或者红色波动率可能标识着新趋势的开始。 旧趋势的衰减：以上升趋势为例，当绿色波动率逐渐缩小，而红色波动率开始出现时，可能标识着上升趋势衰减。 设置：盈利能力阈值：用户自定义的MACD单次波动的可赢利的百分比，默认为0.8% 高级版本功能： Profitability Meter for Day Trading - PRO (Invite Only) 预设警报：方便用户为赢利性变动和统计学结果设置警报。 统计功能：过去特定时间段的可赢利波动的百分比，波动百分比平均值和MACD周期计数。用户可以自定义时间幅度：可以用天数，小时数，蜡烛数(上至Tradingview最大回溯值) 相关指标： Crypto Currency Profitability Rankings Standard with popular list (Protected) 加密货币获利机会排行指标 标准版 热门列表(保护，开放使用权): 指标计算和比对一组热门虚拟货币的可赢利属性 - 基于MACD波动周期和用户自定义的时间周期，帮助交易员发掘最适合自己赢利和风险偏好的交易品种。 Crypto Currency Profitability Rankings PRO with Customisable List (Invite-Only): 加密货币获利机会排行指标 PRO - 自定义列表 试用开发者的其他指标 www.tradingview.com 最新更新会覆盖之前的说明。 请检查更新。
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go8686 tarafından
Profitability Visualization with Bid-Ask Spread ApproximationOverview The " Profitability Visualization with Bid-Ask Spread Approximation " indicator is designed to assist traders in assessing potential profit and loss targets in relation to the current market price or a simulated entry price. It provides flexibility by allowing users to choose between two methods for calculating the offset from the current price: Bid-Ask Spread Approximation: The indicator attempts to estimate the bid-ask spread by using the highest (high) and lowest (low) prices within a given period (typically the current bar or a user-defined timeframe) as proxies for the ask and bid prices, respectively. This method provides a dynamic offset that adapts to market volatility. Percentage Offset: Alternatively, users can specify a fixed percentage offset from the current price. This method offers a consistent offset regardless of market conditions. Key Features Dual Offset Calculation Methods: Choose between a dynamic bid-ask spread approximation or a fixed percentage offset to tailor the indicator to your trading style and market analysis. Entry Price Consideration: The indicator can simulate an entry price at the beginning of each trading session (or the first bar on the chart if no sessions are defined). This feature enables a more realistic visualization of potential profit and loss levels based on a hypothetical entry point. Profit and Loss Targets: When the entry price consideration is enabled, the indicator plots profit target (green) and loss target (red) lines. These lines represent the price levels at which a trade entered at the simulated entry price would achieve a profit or incur a loss equivalent to the calculated offset amount. Offset Visualization: Regardless of whether the entry price is considered, the indicator always displays upper (aqua) and lower (fuchsia) offset lines. These lines represent the calculated offset levels based on the chosen method (bid-ask approximation or percentage offset). Customization: Users can adjust the percentage offset, toggle the bid-ask approximation and entry price consideration, and customize the appearance of the lines through the indicator's settings. Inputs useBidAskApproximation A boolean (checkbox) input that determines whether to use the bid-ask spread approximation (true) or the percentage offset (false). Default is false. percentageOffset A float input that allows users to specify the percentage offset to be used when useBidAskApproximation is false. The default value is 0.63. considerEntryPrice A boolean input that enables the consideration of a simulated entry price for calculating and displaying profit and loss targets. Default is true. Calculations Bid-Ask Approximation (if enabled): bidApprox = request.security(syminfo.tickerid, timeframe.period, low) Approximates the bid price using the lowest price (low) of the current period. askApprox = request.security(syminfo.tickerid, timeframe.period, high) Approximates the ask price using the highest price (high) of the current period. spreadApprox = askApprox - bidApprox Calculates the approximate spread. Offset Amount: offsetAmount = useBidAskApproximation ? spreadApprox / 2 : close * (percentageOffset / 100) Determines the offset amount based on the selected method. If useBidAskApproximation is true, the offset is half of the approximated spread; otherwise, it's the current closing price (close) multiplied by the percentageOffset. Entry Price (if enabled): var entryPrice = 0.0 Initializes a variable to store the entry price. if considerEntryPrice Checks if entry price consideration is enabled. if barstate.isnew Checks if the current bar is the first bar of a new session. entryPrice := close Sets the entryPrice to the closing price of the first bar of the session. Profit and Loss Targets (if entry price is considered): profitTarget = entryPrice + offsetAmount Calculates the profit target price level. lossTarget = entryPrice - offsetAmount Calculates the loss target price level. Plotting Profit Target Line: Plotted in green (color.green) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true. Loss Target Line: Plotted in red (color.red) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true. Upper Offset Line: Always plotted in aqua (color.aqua) to show the offset level above the current price. Lower Offset Line: Always plotted in fuchsia (color.fuchsia) to show the offset level below the current price. Limitations Approximation: The bid-ask spread approximation is based on high and low prices and may not perfectly reflect the actual bid-ask spread of a specific broker, especially during periods of high volatility or low liquidity. Simplified Entry: The entry price simulation is basic and assumes entry at the beginning of each session. It does not account for specific entry signals or order types. No Order Execution: This indicator is purely for visualization and does not execute any trades. Data Discrepancies: The high and low values used for approximation might not always align with real-time bid and ask prices due to differences in data aggregation and timing between TradingView and various brokers. Disclaimer This indicator is for educational and informational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct thorough research and consider your own risk tolerance before making any trading decisions. It is recommended to combine this indicator with other technical analysis tools and a well-defined trading strategy.
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ubuntuba tarafından
Profit/Loss LabelOnce I entered a trade, I always wanted to know quickly if I am in a profitable position or losing NOW? Here's the label to do the work for me, and if you like it, please give it a thumb up. *** There's a setting to change your trade type to LONG or SHORT with a commission rate. *** Color setups: - If it's green: profitable position, including the pay for comission - If it's orange: moving in favorite direction, but still a losing position due to the comission - If it's red: losing position moving in the opposite direction
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niceboomer tarafından
2
Profitable Jurik RSXIntroduction As you know the Jurik RSX is a "noise free" smoothed version of RSI (Relative Strength Index), with no added lag. It was originally developed by Mark Jurik and is used the same way as RSI. To learn more about this indicator see www.jurikres.com The most basic and common strategy is to use the crossovers between Jurik RSX and its overbought/oversold levels as trade signals: when RSX crosses above 30, go Long when RSX crosses below 70, go Short exit when a crossover occurs in the opposite direction What is this tool? This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable settings for Jurik RSX. It analyzes the range of periods between 2 to 100 and backtests the Jurik RSX for each period (using the strategy mentioned above) across the entire history of an instrument. If the more profitable parameter was found, the indicator will switch its value to the found one immediately. So, instead of manually selecting parameters just apply it to your chart and relax - the algorithm will do it for you, everywhere you want. The algorithm can work in two modes: Basic and Early Switch. The Early Switch algorithm makes some assumptions and activates a set of optimizations to find a better setting DURING the trades, not after they were actually closed. The difference is illustrated on the screenshot below But two modes can show identical values depending on timeframe Additionally you can set up a backtest window through indicator's settings (the optimizers which were published before will get this feature soon). Alerts It has a special alert that notifies when a more profitable period was detected. NOTE: It does not change what has already been plotted. NOTE 2: This is not a strategy, but an algorithmic optimizer.
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everget tarafından
38
Profitable AroonIntroduction The Aroon indicator was developed by well-known technical analyst Tushar Chande in 1995 and is used to identify trend changes in the price of an asset, as well as the strength of that trend. The fact that he named the indicator "Aroon" which is Sanskrit for "Dawn’s Early Light" demonstrates his belief in his indicator's trend discovery capabilities. It is composed of two lines, Aroon Up and Aroon Down . The most basic strategy is to use the crossovers as trade signals: when Aroon Up crosses above Aroon Down , go Long when Aroon Down crosses above Aroon Up , go Short Exit when a crossover occurs in the opposite direction What is this tool? This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable period setting for the Aroon. It analyzes the range of periods between 2 to 100 and backtests the Aroon indicator for each period using the strategy mentioned above across the entire history of an instrument. If a more profitable parameter was found, the indicator will switch its value to the found one immediately. Alerts It has an alert that notifies when a more profitable period was found. NOTE : It does not change what has already been plotted. Good luck and Happy Trading!
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everget tarafından
18
RBS | Profitholders Thanks for source code author , I have modified this for especially Indian market. RBS Indicator is Rang Breakout System, This is same "Opening Range Breakout" which is a common trading strategy. The indicator can analyze the market trend in the current session and give "Buy / Sell", "Take Profit" and "Stop Loss" signals. For more information about the analyzing process of the indicator, you can read "How Does It Work ?" section of the description. Features of RBS indicator : Buy & Sell Signals Up To 3 Take Profit Signals Stop-Loss Signals Alerts for Buy / Sell, Take-Profit and Stop-Loss Session Dashboard Back testing Dashboard HOW DOES IT WORK ? This indicator works best in 15-minute timeframe. Need to change Chart time frame depends on symbols , The idea is that the trend of the current session can be forecasted by analyzing the market for a while after the session starts. However, each market has it's own dynamics and the algorithm will need fine-tuning to get the best performance possible. So, we've implemented a "Back testing Dashboard" that shows the past performance of the algorithm in the current ticker with your current settings. Always keep in mind that past performance does not guarantee future results. So this is for educational purpose. Here are the steps of the algorithm explained briefly : 1. The algorithm follows and analyzes the first 15 minutes (can be adjusted) of the session. 2. Then, algorithm checks for breakouts of the opening range's high or low. 3. If a breakout happens in a bullish or a bearish direction, the algorithm will now check for retests of the breakout. Depending on the sensitivity setting, there must be 0 / 1 / 2 / 3 failed retests for the breakout to be considered as reliable. 4. If the breakout is reliable, the algorithm will give an entry signal. 5. After the position entry, algorithm will now wait for Take-Profit or Stop-Loss zones and signal if any of them occur. If you wonder how does the indicator find Take-Profit & Stop-Loss zones, you can check the "Settings" section of the description. UNIQUENESS While there are indicators that show the opening range of the session, they come short with features like indicating breakouts, entries, and Take-Profit & Stop-Loss zones. We are also aware of that different stock markets have different dynamics, and tuning the algorithm for different markets is really important for better results, so we decided to make the algorithm fully customizable. Besides all that, our indicator contains a detailed back testing dashboard, so you can see past performance of the algorithm in the current ticker. While past performance does not yield any guarantee for future results, we believe that a back testing dashboard is necessary for tuning the algorithm. Another strength of this indicator is that there are multiple options for detection of Take-Profit and Stop-Loss zones, which the trader can select one of their liking. ⚙️SETTINGS Keep in mind that best chart timeframe for this indicator to work is the 15-minute timeframe on Indian Market. TP = Take-Profit SL = Stop-Loss EMA = Exponential Moving Average OR = Opening Range ATR = Average True Range 1. Algorithm RBS Timeframe -> This setting determines the timeframe that the algorithm will analyze the market after a new session begins before giving any signals. It's important to experiment with this setting and find the best option that suits the current ticker for the best performance. More volatile stocks will often require this setting to be larger, while more stabilized stocks may have this setting shorter. Sensitivity -> This setting determines how much failed retests are needed to take a position entry. Higher sensitivity means that less retests are needed to consider the breakout as reliable. If you think that the current ticker makes strong movements in a bullish & bearish direction after a breakout, you should set this setting higher. If you think the opposite, meaning that the ticker does not decide the trend right after a breakout, this setting show be lower. (High = 0 Retests, Medium = 1 Retest, Low = 2 Retests, Lowest = 3 Retests) Breakout Condition -> The condition for the algorithm to detect breakouts. Close = Bar needs to close higher than the OR High Line in a bullish breakout, or lower than the OR Low Line in a bearish breakout. EMA = The EMA of the bar must be higher / lower than OR Lines instead of the close price. TP Method -> The method for the algorithm to use when determining TP zones. Dynamic = This TP method essentially tries to find the bar that price starts declining the current trend and going to the other direction, and puts a TP zone there. To achieve this, it uses an EMA line, and when the close price of a bar crosses the EMA line, It's a TP spot. ATR = In this TP method, instead of a dynamic approach the TP zones are pre-determined using the ATR of the entry bar. This option is generally for traders who just want to know their TP spots beforehand while trading. Selecting this option will also show TP zones at the ORB Dashboard. "Dynamic" option generally performs better, while the "ATR" method is safer to use. EMA Length -> This setting determines the length of the EMA line used in "Dynamic TP method" and "EMA Breakout Condition". This is completely up to the trader's choice, though the default option should generally perform well. You might want to experiment with this setting and find the optimal length for the current ticker. Stop-Loss -> Algorithm will place the Stop-Loss zone using setting. Safer = The SL zone will be placed closer to the OR High for a bullish entry, and closer to the OR Low for a bearish entry. Balanced = The SL zone will be placed in the center of OR High & OR Low Risky = The SL zone will be placed closer to the OR Low for a bullish entry, and closer to the OR High for a bearish entry. Adaptive SL -> This option only takes effect if the first TP zone is hit. Enabled = After the 1st TP zone is hit, the SL zone will be moved to the entry price, essentially making the position risk-free. Disabled = The SL zone will never change. 2. RBS Dashboard RBS Dashboard shows the information about the current session. 3. RBS Back testing RBS Back testing Dashboard allows you to see past performance of the algorithm in the current ticker with current settings. Total amount of days that can be back tested depends on your TV subscription. Back testing Exit Ratios -> You can select how much of percent your entry will be closed at any TP zone while back testing. For example, %90, %5, %5 means that %90 of the position will be closed at the first TP zone, %5 of it will be closed at the 2nd TP zone, and %5 of it will be closed at the last TP zone.
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Profitable Parabolic SARIntroduction As you know, Parabolic Stop and Reverse (SAR, PSAR) was originally developed by J. Welles Wilder and was described in his book "New Concepts in Technical Trading Systems" (1978). It derives its name from the fact that when charted, the pattern formed by the points resembles a parabola. Mr. Wilder described it as "one of my favorite systems because it squeezes more profit out of an intermediate move than any method I know" . Interpretation PSAR follows price and can be considered a trend following indicator. Once a downtrend reverses and starts up, PSAR follows prices like a trailing stop. Same is true for the opposite direction. Due to its nature, PSAR continuosly protects on long and short positions. Parameters One of the key components of PSAR is the Acceleration Factor (AF). The AF is one of a progression of numbers beginning at 0.02 and ending at 0.2 . The AF is increased by the increment of 0.02 each time that a new high is made until a value of 0.2 is reached. Mr. Wilder used the next parameters Start: 0.02 Increment: 0.02 Maximum: 0.2 and they are default for the built-in PSAR indicator and its strategy. But are these params really profitable? Mr. Wilder noticed that "I have tried many different acceleration factors on this system and have found that a consistent increase of 0.02 works best overall...the range for the incremental increase is between 0.018 and 0.021 " . That was then, in 1978. Other times have come. Is our grandpa still right in his recommendations? I made this tool to figure it out. What is this tool? This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable settings for PSAR. It analyzes a bunch of different Start (between 0.001 to 0.02 ) and Increment (between 0.001 to 0.03 ) parameters and backtests each combination across the entire history of an instrument. If the more profitable parameters were found, the indicator will switch its values to the found ones immediately. Instead of manually selecting parameters, just relax - the algorithm will do it for you. It doesn't touch the last parameter, Maximum , for two reasons. First, as Mr. Wilder noticed in his book, "...the number of increases it takes to reach at least 0.2 , but do not exceed 0.22 " . That is, the parameter sits in a very narrow range. Second, I tested different maximums and I came to the conclusion that this parameter has a minimal impact on net profit, compared with the more significant parameters of start and increment. Alerts It has an alert that notifies when the more profitable settings were detected. NOTE : It does not change what has already been plotted. Good luck!
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