Supertrend with Percent Difference from CloseThis script improves the Supertrend indicator by displaying a label that shows the percent difference between the latest closing price & the Supertrend.
This comes in handy when one is using the Supertrend value as a stoploss level. For instance, one would like to have a maximum stop loss level of 8%. Instead of calculating how much percent the price is away from the Supertrend, one can look at the percent label & make an informed decision as to whether initiating a position would have favourable risk/reward or not.
Another utility would be selling into strength when one is using the Supertrend as a trailing stop loss. For instance, if the price is a certain percentage far away from the Supertrend, one may conclude that the price is now extended & either price correction or time correction would ensue, & decide to sell into strength.
Komut dosyalarını "stop loss" için ara
Tipsy EMA Tipsy EMA
v0.2a
Coded by vaidab.
A simple strategy to buy dips in an uptrend.
How to use:
- buy on trend when price retraces to the orange "buy" line and compound orders
- sell when price reaches red line (stop loss) or at 💰 (take profit)
Note that you can reverse trade on the 💰 sign for a short scalp / day trade.
Uptrend: green/red background. Danger zone: orange bg. No go zone: no bg.
Potential buys (in a clear trend): 55, 100, 200 EMA touches and
fibo retracements to .382 and .618.
Potential stop loss: when price breaks the 200 EMA (marked by a red line).
Exit signs: opposite trend divergences (RSI).
Take profit: EMA 55 crossing down EMA 100.
Use it in confluence with market structure. E.g. If 200 EMA ligns up with
past market structure, if there are whole numbers or if there's a monthly level.
Tested BTCUSDT D, 4H
Relative VolumeVolume can be a very useful tool if used correctly. Relative volume is designed to filter out the noise and highlight anomalies assisting traders in tracking institutional movements. This tool can be used to identify stop loss hunters and organized dumps. It uses a variety of moving averages to hide usual activity and features an LSMA line to show trend. Trend columns are shown to highlight activity and can be seen at bottom of the volume columns, this is done using ZLSMA and LSMA.
The above chart shows an example of 2 indicators being used on the 15 min chart. The bottom indicator is set to the 1 min chart. Traders can see a large dump on the 1 min chart as institutions wipe out any tight stop losses. Next they buy back in scooping up all those long positions.
This is an example layout using a split screen setup and multiple timeframes ranging from 1 min to 30 mins. This gives a clear indication of trends and make it easy to pickup on institutional behaviour. Tip: Double clicking indicator background will maximize RVOL to the split screen window.
Momentum Trading Strategy (Weekly Chart)The strategy will open position when there is momentum in the stock
The strategy will ride up your stop loss based on the super trend.
The strategy will close your operation when the market price crossed the stop loss.
The strategy will close operation when the line based on the volatility will crossed
Bollinger Band with RSI
Using combination bollinger band and RSI indicator as guide to predict price volatility and the best entry point. The strategy logic is pretty straightforward where we're interested with close price that touches the lower bollinger band ; there are only two scenarios that will happened after the price reaches the lower band; the price might rebound from the lower bollinger band or drop lower and continue downtrend. To confirm the price movement, we use a second indicator which is the RSI to further investigate the price trend. For example, if the price reaches the lower bollinger band but the RSI value is not in the oversold region, we can conclude that the price will go lower and continue downtrend. If the RSI value is in the oversold region, we can use this price area as our entry point.
Stop loss is necessary to avoid losing too much capital if the RSI value lingers too long in the oversold region.
Best take profit area is when the price rebound above the middle bollinger band area/upper bollinger band or when the RSI reaches overbought region; whichever comes first.
Long entry:
RSI < 30 & close price < lower bollinger band
Exit entry:
RSI > 70
Default stop loss: -25%
Double DojiStrategy Kiss = 'Keep It Simple, Stupid' or 'Keep It Simple, Smart'
The script simply identifies 2 consecutive Doji candles, and calculates Target on both the sides for given Reward : Risk factor.
The High-Low to Open-Close ratio is set to default value 20. The Reward : Risk ratio is of default value 2.
Both can be set to values of your choice.
Accuracy best on Daily chart. Can be tried on any timeframe though.
Trading Rules: Buy at higher / Short at lower of the 2 candles, with other as Stop Loss.
If a Stop Loss is hit, go for reverse trade. If again a SL is hit, switch to other instrument.
Important: If trading in Futures and target is achieved, hedge the position by buying an option (subject to liquidity).
Reason is, the trend may condition to any extent and you would definitely not want to miss out the whole action.
Check the shared example. For a risk to 175 points, reward is 2200+ points (more than 12.5 times).
Forex Scalp Triggersthe triggers only work to tell you go back 5 candles on 5 min, take either lowest or highest plus 3 pips and make entry and go 3 pip over under trigger for stop loss. can take half profit at 1x and move stop to break even and go 1x more for take rest profit, or create a trailing stop loss on Take Profit level 2 and ride the trend.
1 Hour chart has to be over under the emas that are faned out nicely to move to 5 min chart to look for the signals if 1hr chart isnt over under the emas nicely then NO TRADE
ForexSignalTV helped create this strategy, just my first script so learning, want to take it to next level but kind of stuck for now. More knowledge coming...
MACD 50x Leveraged Short Strategy with Real Equity
Hello there ,
Short version of the Macd Long strategy.
MACD Long strategy:
Adding margin: Forbidden or not specified. (Add Margin : No)
Position size: (for each trade) 1%
Stop-Loss: (2% Above Entry Level)
Long: macd crossunder
Exit: macd crossover
Or ofc touching the stop-Loss value as predicted.
These strategies are just examples.
The goal is to observe true equity and equity change.
Warning: This strategy simulation is for Short direction only.
Regards.
MACD 50x Leveraged Long Strategy Results with Real Equity Hello there.
I was looking for a way to simulate leveraged transactions in Tradingview and this script came out.
You can examine the equity graph without looking at the strategy results.
Thus, the facts will come to light.
Strategy parameters:
Adding margin: Forbidden or not specified. (Add Margin : No)
Position size: (for each trade) 1%
Stop-Loss: (2%)
Long: macd crossover
Exit: macd crossunder
Or ofc touching the stop-Loss value as predicted.
Warning: This strategy simulation is for Long direction only.
Regards.
Buy the Dips (by Coinrule)Taking your first steps into automated trading may be challenging. Coinrule's mission is to make it as easy as possible, also for beginners.
Here follows the best trading strategy to get started with Coinrule. This strategy doesn't involve complex indicators, yet was proved to be effective in the long term for many coins. Results seem to be improved when trading a coin vs Bitcoin.
The strategy buys the dips of a coin to sell with a profit. A stop-loss protects every trade.
Crypto markets offer high volatility and, thus, excellent opportunities for trading. Excluding times of severe downtrend, buying the dip is a simple and effective long-term trading strategy. The buy-signal is set to a 2% drop in a 30-minutes time frame.
Each trade comes with a take profit and a stop loss. Both set at 2%.
You can adjust these percentages to the market volatility as an advanced setup. You can backtest the outcomes using the backtesting tool from Tradingview
The strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
Low volatility Buy w/ TP & SL (Coinrule)The compression of volatility usually leads to expansion. When the breakout comes, it can ignite strong trends. One way to catch a coin trading in an accumulation area is to spot three moving averages with values close to each other. The strategy uses a combination of Moving Averages to spot the best time to buy a coin before its breakout.
Buy Condition
The MA200 is greater than the MA100
The MA50 is greater than the MA100
According to backtesting results, the 1-hour time frame is the best to run this strategy.
Sell Condition
Take Profit: the price increases 8% from the entry price
Stop Loss: the price drops 4% from the entry price
The strategy has a profitability of 40-60% (depending on the market conditions). Having a ratio of two between Take profit and Stop Loss helps keeping the strategy profitable in the long term.
Triple EMA Scalper low lag stratHi all,
This strategy is based on the Amazing scalper for majors with risk management by SoftKill21
The change is in lines 11-20 where the sma's are replaced with Triple ema's to
lower the lag.
The original author is SoftKill21. His explanation is repeated below:
Best suited for 1M time frame and majors currency pairs.
Note that I tried it at 3M time frame.
Its made of :
Ema ( exponential moving average ) , long period 25
Ema ( exponential moving average ) Predictive, long period 50,
Ema ( exponential moving average ) Predictive, long period 100
Risk management , risking % of equity per trade using stop loss and take profits levels.
Long Entry:
When the Ema 25 cross up through the 50 Ema and 100 EMA . and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Short Entry:
When the Ema 25 cross down through the 50 Ema and 100 EMA , and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Exit:
TargetPrice: 5-10 pips
Stop loss: 9-12 pips
TrendMaAlignmentStrategy - Long term tradesThis is another strategy based on moving average alignment and HighLow periods. This is more suitable for long term trend traders and mainly for stocks.
Candle is colored lime if : Lookback Period has at least one bar with moving averages fully aligned OR None of the bars in Lookback periods has negatively aligned moving averages (More than half are positively aligned).
Candle is colored orange if : Lookback Period has at least one bar with moving averages fully aligned in negative way OR none of the bars in lookback has positively aligned moving averages (More than half are negatively aligned).
If either of above conditions are met, candle is colored silver.
Moving average alignment parameters:
Moving Average Type : MA Type for calculating Aligned Moving Average Index
Lookback Period : Lookback period to check highest and lowest Moving Average index.
HighLow parameters:
Short High/Low Period: Short period to check highs and lows
Long High/Low Period: Longer Period to check highs and lows.
If short period high == long period high, which means, instrument has made new high in the short period.
ATR Parameters:
ATR Length: ATR periods
StopMultiplyer: To set stop loss.
ReentryStopMultiplyer: This is used when signal is green buy stop loss on previous trade is hit. In such cases, new order will not be placed until it has certain distance from stop line.
Trade Prameters:
Exit on Signal : To be used with caution. Enabling it will allow us to get out on bad trades early and helps exit trades in long consolidation periods. But, this may also cause early exit in the trend. If instrument is trending nicely, it is better to keep this setting unchecked.
Trade direction : Default is long only. Short trades are not so successful in backtest. Use it with caution.
Backtest years : limit backtesting to certain years.
Part of the logic used from study's below:
Other strategies based on these two studies are below (which are meant for short - medium terms):
2 Candles Inside ATR2 agitated candles falling inside ATR range, awaiting possibly a big move.
Buy / Sell signals at combined high / low can be used as order with other as stop loss.
Counter trade, when this minimal stop loss is hit, is also as useful. However, wait till the SL candle closes, before opening position on the other side.
Works quite well on 15 mins chart, with settings of ATR duration 25 and multiplier 0.6. These settings are configurable, so feel free.
inwCoin Percent from all-time highSimple study to show the fact to some newbies in the market that it is VERY HARD to make a profit and get your portfolio back to all-time high if you don't know how to stop loss...
Some people think "Oh, ez if you down -90% you need only +90% to get 100% of your capital again"
But... actually....if your portfolio down -90% you need to go 1000% from current price to reach your start capital!!!!
This study will show
- Current symbol detail
- Percent down from All-time High ( ATH )
- Percent up from current price to reach ATH again
Amazing scalper for majors with risk managementHello,
Today I am glad to bring you an amazing simple and efficient scalper strategy.
Best suited for 1M time frame and majors currency pairs.
Its made of :
Ema (exponential moving average) , long period 25
Ema(exponential moving average) Predictive, long period 50,
Ema(exponential moving average) Predictive, long period 100
Risk management , risking % of equity per trade using stop loss and take profits levels.
Long Entry:
When the Ema 25 cross up through the 50 Ema and 100 EMA. and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Short Entry:
When the Ema 25 cross down through the 50 Ema and 100 EMA, and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Exit:
TargetPrice: 5-10 pips
Stop loss: 9-12 pips
Hope you enjoy it :)
Profit and Stoploss CalculatorThis script is designed to display three stop loss areas to assist either with automation of risk management or identify and alert when price is in a range of a trade for risk to reward ratio.
In this version there are three stop losses and 1 PT. Mainly because i will most likely only be using 1 of the SL to pair with the PT.
Stoploss areas are displayed on both sides of the price for long and short calculations along with the two profit factors but the settings in the indicator it self apply to both sides in terms of percentage.
[BoTo] Pump&Dump StrategyThis strategy uses only long positions. It isn't used short positions, it doesn't use marginal trade, it doesn't use a pyramiding.
It is strategy uses only one indicator. Ourselves have constructed the indicator for cryptocurrencies. We called it 'Pump&Dump Ocsilator'. You can read as this indicator works here:
Not usual stop
Strategy uses 2 ways for closing of an unprofitable position. But it is possible to use only one way.
Way 1: if the indicator has distinguished a dump, then the long position needs to be closed when the candle is closed (for an example: to close a position when time 00:00 if you have chosen daily timeframe)
Way 2: the user himself chooses the size in settings of this script. Percent. If the user has chosen 100%, means isn't used absolutely. Because the price will never fall by 100%. If the user has chosen less than 100%, for example 5%, then the long position needs to be closed if the low of a candle was less than this price level of choosed stop-loss. But the position needs to be closed too when the candle is closed.
Strategy
A pump-signal: if the candle green and her body is 3 times more than norm
A dump-signal: on the contrary, if the candle red and her body is 3 times more than norm
For opening of a long position: it is necessary any pump-signal (if the position hasn't been open yet)
For closing of a long position: several ways:
1) Or any dump-signal is necessary
2) Or a stop-loss which was chosen by the user is necessary
MACDouble & StochRSI w/ safeties and variable time interval v0.3UPDATE:
IMPORTANT!!! MAKE SURE "RECALCULATE AFTER ORDER FILLED" IS CHECKED. I will have it on by default in the future.
This is a continuation of my previous scripts of two MACD indicators with a Stochastic RSI indicator.
New features:
- Alternate MACD time interval
You can now set the time interval for the second MACD indicator to a different resolution than the displayed chart.
Uncheck the box and select the desired interval. For example, if your chart is set to 15min then first MACD will be set at 15 min and you can select 5 min for the second MACD.
- Alternate StoRSI time interval
You can (and should) set the StochRSI to a different time interval as well. StochRSI hasn't worked great with previous versions. Now you can set it to a different time resolution as well. I strongly recommend you set it at a higher (slower) resolution; for example if your chart is set at 15min then you should test setting the StochRSI at 30 or 45min.
- ' True" StochRSI logic
Trading logic for StochRSI is now a true StochRSI, instead of just reading "k" and ignoring "d", K now has to be greater than D to buy and less than to sell.
- Safeties
A primitive but low risk safety in the form of an uptrend/downtrend price safety. If current close+high isn't greater than the previous close and high then the buy order will not be executed. The same applies for sell orders.
- Cap on losses from short positions
A stop loss safety set to 9000 for exiting sell positions. This will need refinement in the future but this puts a cap on losses from any sell position. At an initial currency of 10,000 this translates to 90.00. If it is giving you problems simply delete line 78 from the source code.
Please feel free to ask any questions or send me suggestions. This is still very much a work in progress and I'll try to polish up the rough spots but it is fully functional. With a slower StochRSI and the safeties I have gotten it to consistently outperform the old 2x MACD strategy script---typically by 3-fold.
Divergence Strategy [Trendoscope®]🎲 Overview
The Divergence Strategy is a sophisticated TradingView strategy that enhances the Divergence Screener by adding automated trade signal generation, risk management, and trade visualization. It leverages the screener’s robust divergence detection to identify bullish, bearish, regular, and hidden divergences, then executes trades with precise entry, stop-loss, and take-profit levels. Designed for traders seeking automated trading solutions, this strategy offers customizable trade parameters and visual feedback to optimize performance across various markets and timeframes.
For core divergence detection features, including oscillator options, trend detection methods, zigzag pivot analysis, and visualization, refer to the Divergence Screener documentation. This description focuses on the strategy-specific enhancements for automated trading and risk management.
🎲 Strategy Features
🎯Automated Trade Signal Generation
Trade Direction Control : Restrict trades to long-only or short-only to align with market bias or strategy goals, preventing conflicting orders.
Divergence Type Selection : Choose to trade regular divergences (bullish/bearish), hidden divergences, or both, targeting reversals or trend continuations.
Entry Type Options :
Cautious : Enters conservatively at pivot points and exits quickly to minimize risk exposure.
Confident : Enters aggressively at the latest price and holds longer to capture larger moves.
Mixed : Combines conservative entries with delayed exits for a balanced approach.
Market vs. Stop Orders: Opt for market orders for instant execution or stop orders for precise price entry.
🎯 Enhanced Risk Management
Risk/Reward Ratio : Define a risk-reward ratio (default: 2.0) to set profit targets relative to stop-loss levels, ensuring consistent trade sizing.
Bracket Orders : Trades include entry, stop-loss, and take-profit levels calculated from divergence pivot points, tailored to the entry type and risk-reward settings.
Stop-Loss Placement : Stops are strategically set (e.g., at recent pivot or last price point) based on entry type, balancing risk and trade validity.
Order Cancellation : Optionally cancel pending orders when a divergence is broken (e.g., price moves past the pivot in the wrong direction), reducing invalid trades. This feature is toggleable for flexibility.
🎯 Trade Visualization
Target and Stop Boxes : Displays take-profit (lime) and stop-loss (orange) levels as boxes on the price chart, extending 10 bars forward for clear visibility.
Dynamic Trade Updates : Trade visualizations are added, updated, or removed as trades are executed, canceled, or invalidated, ensuring accurate feedback.
Overlay Integration : Trade levels overlay the price chart, complementing the screener’s oscillator-based divergence lines and labels.
🎯 Strategy Default Configuration
Capital and Sizing : Set initial capital (default: $1,000,000) and position size (default: 20% of equity) for realistic backtesting.
Pyramiding : Allows up to 4 concurrent trades, enabling multiple divergence-based entries in trending markets.
Commission and Margin : Accounts for commission (default: 0.01%) and margin (100% for long/short) to reflect trading costs.
Performance Optimization : Processes up to 5,000 bars dynamically, balancing historical analysis and real-time execution.
🎲 Inputs and Configuration
🎯Trade Settings
Direction : Select Long or Short (default: Long).
Divergence : Trade Regular, Hidden, or Both divergence types (default: Both).
Entry/Exit Type : Choose Cautious, Confident, or Mixed (default: Cautious).
Risk/Reward : Set the risk-reward ratio for profit targets (default: 2.0).
Use Market Order : Enable market orders for immediate entry (default: false, uses limit orders).
Cancel On Break : Cancel pending orders when divergence is broken (default: true).
🎯Inherited Settings
The strategy inherits all inputs from the Divergence Screener, including:
Oscillator Settings : Oscillator type (e.g., RSI, CCI), length, and external oscillator option.
Trend Settings : Trend detection method (Zigzag, MA Difference, External), MA type, and length.
Zigzag Settings : Zigzag length (fixed repaint = true).
🎲 Entry/Exit Types for Divergence Scenarios
The Divergence Strategy offers three Entry/Exit Type options—Cautious, Confident, and Mixed—which determine how trades are entered and exited based on divergence pivot points. This section explains how these settings apply to different divergence scenarios, with placeholders for screenshots to illustrate each case.
The divergence pattern forms after 3 pivots. The stop and entry levels are formed on one of these levels based on Entry/Exit types.
🎯Bullish Divergence (Reversal)
A bullish divergence occurs when price forms a lower low, but the oscillator forms a higher low, signaling a potential upward reversal.
💎 Cautious:
Entry : At the pivot high point for a conservative entry.
Exit : Stop-loss at the last pivot point (previous low that is higher than the current pivot low); take-profit at risk-reward ratio. Canceled if price breaks below the pivot (if Cancel On Break is enabled).
Behavior : Enters after confirmation and exits quickly to limit downside risk.
💎Confident:
Entry : At the last pivot low, (previous low which is higher than the current pivot low) for an aggressive entry.
Exit : Stop-loss at recent pivot low, which is the lowest point; take-profit at risk-reward ratio. Canceled if price breaks below the pivot. (lazy exit)
Behavior : Enters early to capture trend continuation, holding longer for gains.
💎Mixed:
Entry : At the pivot high point (conservative).
Exit : Stop-loss at the recent pivot point that has resulted in lower low (lazy exit). Canceled if price breaks below the pivot.
Behavior : Balances entry caution with extended holding for trend continuation.
🎯Bearish Divergence (Reversal)
A bearish divergence occurs when price forms a higher high, but the oscillator forms a lower high, indicating a potential downward reversal.
💎Cautious:
Entry : At the pivot low point (lower high) for a conservative short entry.
Exit : Stop-loss at the previous pivot high point (previous high); take-profit at risk-reward ratio. Canceled if price breaks above the pivot (if Cancel On Break is enabled).
Behavior : Enters conservatively and exits quickly to minimize risk.
💎Confident:
Entry : At the last price point (previous high) for an aggressive short entry.
Exit : Stop-loss at the pivot point; take-profit at risk-reward ratio. Canceled if price breaks above the pivot.
Behavior : Enters early to maximize trend continuation, holding longer.
💎Mixed:
Entry : At the previous piot high point (conservative).
Exit : Stop-loss at the last price point (delayed exit). Canceled if price breaks above the pivot.
Behavior : Combines conservative entry with extended holding for downtrend gains.
🎯Bullish Hidden Divergence (Continuation)
A bullish hidden divergence occurs when price forms a higher low, but the oscillator forms a lower low, suggesting uptrend continuation. In case of Hidden bullish divergence, b]Entry is always on the previous pivot high (unless it is a market order)
💎Cautious:
Exit : Stop-loss at the recent pivot low point (higher than previous pivot low); take-profit at risk-reward ratio. Canceled if price breaks below the pivot (if Cancel On Break is enabled).
Behavior : Enters after confirmation and exits quickly to limit downside risk.
💎Confident:
Exit : Stop-loss at previous pivot low, which is the lowest point; take-profit at risk-reward ratio. Canceled if price breaks below the pivot. (lazy exit)
Behavior : Enters early to capture trend continuation, holding longer for gains.
🎯Bearish Hidden Divergence (Continuation)
A bearish hidden divergence occurs when price forms a lower high, but the oscillator forms a higher high, suggesting downtrend continuation. In case of Hidden Bearish divergence, b]Entry is always on the previous pivot low (unless it is a market order)
💎Cautious:
Exit : Stop-loss at the latest pivot high point (which is a lower high); take-profit at risk-reward ratio. Canceled if price breaks above the pivot (if Cancel On Break is enabled).
Behavior : Enters conservatively and exits quickly to minimize risk.
💎Confident/Mixed:
Exit : Stop-loss at the previous pivot high point; take-profit at risk-reward ratio. Canceled if price breaks above the pivot.
Behavior : Uses the late exit point to hold longer.
🎲 Usage Instructions
🎯Add to Chart:
Add the Divergence Strategy to your TradingView chart.
The oscillator and divergence signals appear in a separate pane, with trade levels (target/stop boxes) overlaid on the price chart.
🎯Configure Settings:
Adjust trade settings (direction, divergence type, entry type, risk-reward, market orders, cancel on break).
Modify inherited Divergence Screener settings (oscillator, trend method, zigzag length) as needed.
Enable/disable alerts for divergence notifications.
🎯Interpret Signals:
Long Trades: Triggered on bullish or bullish hidden divergences (if allowed), shown with green/lime lines and labels.
Short Trades: Triggered on bearish or bearish hidden divergences (if allowed), shown with red/orange lines and labels.
Monitor lime (target) and orange (stop) boxes for trade levels.
Review strategy performance metrics (e.g., profit/loss, win rate) in the strategy tester.
🎯Backtest and Optimize:
Use TradingView’s strategy tester to evaluate performance on historical data.
Fine-tune risk-reward, entry type, position sizing, and cancellation settings to suit your market and timeframe.
For questions, suggestions, or support, contact Trendoscope via TradingView or official support channels. Stay tuned for updates and enhancements to the Divergence Strategy!
Bollinger Reversão | Take 100% na Média 20🟢 Entry:
Candle 1: closes below the lower band
Candle 2: closes above the lower band
Entry is made at the high of candle 2 (stop order)
🎯 Total Take Profit (100%):
When the price reaches the 20-period average (middle Bollinger line)
🛑 Stop Loss:
It is at the low between candles 1 and 2 (as before)
Bollinger 2-Candle Reversão | Entrada parcial
New simplified logic:
🟢 Entry:
Candle 1: closes below the lower band
Candle 2: closes above the lower band
Entry is made at the high of candle 2 (stop order)
🎯 Total Take Profit (100%):
When the price reaches the 20-period average (middle Bollinger line)
🛑 Stop Loss:
It is at the low between candles 1 and 2 (as before)
Gann Octave 8 - Professional V 1.0Gann Octave 8 Indicator:
Core Concept: This indicator divides the price range between highest high and lowest low into 8 equal parts (octaves), creating support/resistance levels based on W.D. Gann's trading principles.
Key Components:
1. Price Range Calculation:
o Finds highest high and lowest low over a lookback period (default 50 bars)
o Divides this range into 8 equal segments (12.5% each)
2. 8 Octave Levels:
o 0% (Low Support) - Strongest support
o 12.5%, 25%, 37.5% - Minor levels
o 50% (CRITICAL) - Most important level
o 62.5%, 75%, 87.5% - Minor levels
o 100% (High Resistance) - Strongest resistance
3. Gann Angles: Projects trend lines from high/low points at various angles (1x1, 2x1, 1x2, etc.)
4. Visual Features:
o Color-coded levels
o Information table showing current position
o Background highlighting when near critical levels
o Trend analysis (bullish/bearish zones)
Trading Strategy
Entry Signals:
BULLISH TRADES:
• Price crosses above 50% level → Strong buy signal
• Price bounces from 25% or 37.5% levels → Support bounce
• Price in upper zone (above 50%) → Bullish bias
BEARISH TRADES:
• Price crosses below 50% level → Strong sell signal
• Price rejects at 75% or 87.5% levels → Resistance rejection
• Price in lower zone (below 50%) → Bearish bias
Key Trading Rules:
1. 50% Level is Critical: Most important for trend direction
2. Zone Trading:
o Above 50% = Bullish zone (look for longs)
o Below 50% = Bearish zone (look for shorts)
3. Strength Levels:
o Above 75% or below 25% = Strong moves
o Near 100% (high) or 0% (low) = Extreme levels
Risk Management:
• Stop Loss: Place below previous octave level
• Take Profit: Target next octave level
• Position Size: Reduce size near extreme levels (0%, 100%)
Example Trade:
If price breaks above 50% level:
• Entry: Long position
• Stop: Below 37.5% level
• Target: 75% level
• Risk: Monitor for rejection at resistance levels
The indicator works best in trending markets and helps identify high-probability reversal zones.
Works for both Stocks & Derivatives. Experiment with code and share your feedback in comments..
