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Breakout Probability (Expo)█ Overview Breakout Probability is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage. The probability of a new high and low is backtested, and the results are shown in a table— a simple way to understand the next candle's likelihood of a new high or low. In addition, the indicator displays an additional four levels above and under the candle with the probability of hitting these levels. The indicator helps traders to understand the likelihood of the next candle's direction, which can be used to set your trading bias. █ Calculations The algorithm calculates all the green and red candles separately depending on whether the previous candle was red or green and assigns scores if one or more lines were reached. The algorithm then calculates how many candles reached those levels in history and displays it as a percentage value on each line. █ Example In this example, the previous candlestick was green; we can see that a new high has been hit 72.82% of the time and the low only 28.29%. In this case, a new high was made. █ Settings Percentage Step The space between the levels can be adjusted with a percentage step. 1% means that each level is located 1% above/under the previous one. Disable 0.00% values If a level got a 0% likelihood of being hit, the level is not displayed as default. Enable the option if you want to see all levels regardless of their values. Number of Lines Set the number of levels you want to display. Show Statistic Panel Enable this option if you want to display the backtest statistics for that a new high or low is made. (Only if the first levels have been reached or not) █ Any Alert function call An alert is sent on candle open, and you can select what should be included in the alert. You can enable the following options: Ticker ID Bias Probability percentage The first level high and low price █ How to use This indicator is a perfect tool for anyone that wants to understand the probability of a breakout and the likelihood that set levels are hit. The indicator can be used for setting a stop loss based on where the price is most likely not to reach. The indicator can help traders to set their bias based on probability. For example, look at the daily or a higher timeframe to get your trading bias, then go to a lower timeframe and look for setups in that direction. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script® göstergesi
Zeiierman tarafından
286
Self-Optimizing RSI Strategy [Kioseff Trading]Hello! Introducing the Self-Optimizing RSI Strategy. The indicator tests up to 800 RSI strategies simultaneously, looping through arrays, and auto plots the best performing parameter set. The image above shows the result of 800 RSI strategies concurrently. The table oriented bottom right shows the performance and risk metrics of the best performing RSI system tested across the bar set. Additionally, the conditions for entry and exit are displayed; for the image - a long entry system predicated on RSI crossunders and exit system predicated on a 1% TP and 2% SL are shown. The indicator calculates numerous risk and performance metrics. Calculated metrics include: RSI Parameters RSI Cross Entry Level Total Trades Win Rate Avg. Gain for Winning Trades Max Pain PnL (Cumulative Performance) Profit Factor Avg. Loss for Losing Trades Ratio Avg. Win / Avg. Loss Avg. Bars in Trade Max Drawdown Current Drawdown Open Position PnL "Dynamic" indicates the performance of self-optimizing RSI system was tested. The image above shows the performance of the greatest-performing RSI system - a fixed set of parameters - when adhering to a 1% TP and 2% fixed SL. Trailing Stops and Profit-Taking Limit orders can be set/simulated. The image above shows a dynamic entry level - plotted as a purple, non-transparent line. The entry level "self-optimizes" to mimic the best performing RSI system at current time. The image above exemplifies the functionality for all horizontal lines plotted on the chart. The average RSI level achieved subsequent a profitable trade is shown. The average RSI level achieved subsequent a losing trade is shown. The entry level for RSI crossunders/crossovers is shown. The image above show the Self-Optimizing RSI indicator recording entries & exits; gains & losses, for each executed trade. You can "verify" trades manually. Blue boxes reflect an entered position. Green boxes reflect a closed, profitable trade. Red boxes reflect a close, losing trade. The percentage gain for a profitable trade is appended to green boxes; the percentage loss for a losing trade is appended to red boxes. The Self-Optimizing RSI indicator plots off the chart; however, percentage gains/losses are measured against price, not RSI. Boxes correlate to the interval a trade was entered/exited on. The indicator hosts various methods to filter the outcome for testing. For instance, you can: Use trailing stops or fixed stop losses Test RSI crossunders and crossovers Configure the RSI settings that are tested (i.e. RSI 2 - 9, RSI 14 - 20, RSI 50 - 57) Test short-based RSI Systems and long-based RSI systems Simulate limit orders (Exit intrabar at fixed stop losses or trailing stop losses; exit intrabar at profit targets) Require all tested RSIs to trend above or below their respective average (i.e. all RSIs must trend above/below their 50-interval EMA values. SMAs can also be used) Use external indicators and require a user-defined value be exceeded, measured below, or that price exceed or measure below an indicator. The Self-Optimizing RSI indicator incorporates a few built-in technical indicators - ADX, %k, MFI, CMFI, and RSI. Consequently, you can require these indicators to measure above/below a specified level prior to entry. Additionally, you can supplement an extrinsic indicator (anything custom coded with plot values) to the entry logic for the Self-Optimizing RSI indicator. I'll show an example shortly. Adjust the time window that's tested. Adjust PT and SL percentages. Override plot an RSI system to procure thorough statistics. Require a symbol to measure above/Below or equal to a particular price level to “validate” a Long/Short entry signal. You can retrieve any data hosted by TradingView and require it measure above/below a user-defined level prior to entry. For instance, you can select "$VIX", and require the ticker to measure less than $30 prior to long/short entry. If "$VIX" measures greater than $30 prior to a long/short signal the position will not open. Alternatively, you can require a symbol to measure above a user-defined price prior to entry. If the retrieved ticker doesn't measure above the user-defined level prior to entry a trade will not open. Use trailing stops or fixed stop losses The image above shows results for 800 short-based RSI systems - using a trailing stop loss. Test RSI crossunders and crossovers The image shows results for 800 long-based RSI systems. Positions are entered subsequent to RSI crossovers. You can select which RSI strategies are tested - you aren't not limited to testing RSI 2 - RSI 9 (: Simulate limit orders (Exit intrabar at fixed stop losses or trailing stop losses; exit intrabar at profit targets) The image above shows performance test results when exiting during the interval subsequent to the profit target being exceeded. The image above shows performance test results when exiting during the interval subsequent to the stop loss being exceeded. Require all tested RSIs to trend above or below their respective average (i.e. all RSIs must trend above/below their 50-interval EMA values. SMAs can also be used) The image above shows an RSI EMA in addition to prerequisite condition. For each RSI strategy tested, the RSI used for the strategy must measure above an EMA of its values prior to entry. You can require RSI to measure below an EMA of its values prior to entry, use an SMA, and change the length of the MA used. Use external indicators and require a user-defined value be exceeded, measured below, or that price exceed or measure below an indicator. The Self-Optimizing RSI indicator incorporates a few built-in technical indicators - ADX, %k, MFI, CMFI, and RSI. Consequently, you can require these indicators to measure above/below a specified level prior to entry. Additionally, you can supplement an extrinsic indicator (anything custom coded with plot values) to the entry logic for the Self-Optimizing RSI indicator. I'll show an example shortly. The image above shows me requiring the ADX indicator to measure above "20" prior to long entry. Any of the built-indicators can be used with similar conditions; you can implement a custom-coded indicator for trade logic. Additionally, you can supplement an extrinsic indicator (anything custom coded with plot values) to the entry logic for the Self-Optimizing RSI indicator. The image above shows me retrieving the value for Volume Profile Point of Control - a TradingView coded indicator. Consequently, I can require price to measure above/below the session's Poc prior to RSI long/short entry. You can use this feature with any custom coded indicator providing historical plot values - something you or a favored author have coded. ]Adjust PT and SL percentages The image above shows adjusted TP & SL percentages - optimize and reward/risk ratio you'd like (: Override plot an RSI system to procure thorough statistics. The image above shows manually plotted RSI parameters and a corresponding stat sheet. Require a symbol to measure above/Below or equal to a particular price level to “validate” a Long/Short entry signal. You can retrieve any data hosted by TradingView and require it measure above/below a user-defined level prior to entry. For instance, you can select "$VIX", and require the ticker to measure less than $30 prior to long/short entry. If "$VIX" measures greater than $30 prior to a long/short signal the position will not open. Alternatively, you can require a symbol to measure above a user-defined price prior to entry. If the retrieved ticker doesn't measure above the user-defined level prior to entry a trade will not open. The image above shows me requiring the ticker "$VIX" to measure below $30 prior to long/short entry. If %VIS measures greater than $30 when a long/short signal triggers a position will not be opened. Further refine your trading system with this feature - exploit correlations. Adjust the time window that's tested. The image above shows configurable start and end dates for the optimization period. You won't be able to test 800 RSI strategies concomitantly on a 20,000 bar data set. Consequently, for large data sets (intrasession data) you will have to narrow the optimization window to test a larger number of combinations. You can test 80 (loads on all data sets), 144 (loads on all data sets), 264 (loads on ~15,000 bar data sets), 312 (loads on ~11,500 bar data sets) and 800 (loads on ~4950 bar data sets)combinations simultaneously. You can test 800 RSI strategies simultaneously on intrasession data; however, you'll likely have to narrow the tested time window. I recently published a bar count script titled "Bar Count for Backtesting", you can access the script here: The above script is useful for quickly calculating the number of bars in a time window, or the date for a bar that is "x" number of bars back. Therefore, implementing these scripts cooperatively should improve date selection efficiency (not arbitrarily selecting test start & end dates that fail to load). I included a tool tip describing the near-maximum bars in a data set that the higher numbers of simultaneous RSI strategies can be tested on. More to come; enjoy! (P.S. The script uses private libraries and, consequently, is unable to be published open source) An optimization script is best implemented to discover what won't work, not what will work. The best performing "optimized" parameters are not a guaranteed profitable investment system. While we may see an exceptionally positive performance for a set of parameters, it's impossible to know how much of that performance is the beneficiary of market noise in the absence of additional testing. Most market moves are noise - irreplicable sequences that offer no predictive utility - and most "good" backtests overwhelmingly benefit from these irreplicable sequences. An investor unfamiliar with this concept may be lead to believe they have found a valid correlation between an indicator sequence and subsequent price movement, despite the correlation being illusory. Consequently, it should be assumed that the best performing parameters strongly benefitted from market noise and will not work in a live market - until further rigorous statistical tests are performed on an investment system built around the best performing parameters. This includes out-of-sample, in-sample, and forward testing in addition to testing negatively correlated, positively correlated and zero-correlation assets; testing additional assets should be treated as prerequisite to live implementation. Of course, all trading strategies, even one's that methodically exploit a valid correlation/replicable sequence, will benefit from market noise - it's impossible to avoid. However, a "legit" trading strategy has a chance to work on future price data, while an overoptimized strategy will fail miserably on new price data! An overoptimized strategy is virtually guaranteed to have a better backtest performance than a valid strategy. The overoptimized strategy will fail in a live market while the valid strategy has a chance of working. So, should you notice the best performing RSI parameters, be sure to build a comprehensive trading system around the parameters and perform additional tests. This is the only way to know if the optimized parameters will truly work in a live market! Unfortunately, they often will not! This publication does not constitute investment advice.
Pine Script® göstergesi
KioseffTrading tarafından
11
MPF EMA Cross Strategy (8~13~21) by Market Pip FactoryThis script is for a complete strategy to win maximum profit on trades whilst keeping losses at a minimum, using sound risk management at no greater than 1.5% The 3x EMA Strategy uses the following parameters for trade activation and closure. 1/ Daily Time Frame for trend confirmation 2/ 4 Hourly Time Frame for trend confirmation 3/ 1 Hourly Time Frame for trend confirmation AND trade execution 4/ 3x EMAs (Exponential Moving Averages) * EMA#1 = 8 EMA (Red Color) * EMA#2 = 13 EMA (Blue Color) * EMA#3 = 21 EMA (Orange Color) 5/ Fanning of all 3x EMAs and CrossOver/CrossUnder for Trend Confirmation 6/ Price Action touching an 8 EMA for trade activation 7/ Price Action touching a 21 EMA for trade cancellation BEFORE activation * For LONG trades: 8 EMA would be ABOVE 21 EMA * For SHORT trades: 8 EMA would be BELOW 21 EMA * For trade Cancellation, price action would touch the 21 EMA before trade is activated * For trade Entry, price action would touch 8 EMA Once trigger parameter is identified, entry is found by: a) Price action touches 8 EMA (Candle must Close for confirmed Trade preparation) b) Trade preparation can be cancelled before trade is activated if price action touches 21 EMA c) Trailing Stop Loss can be used (optional) by counting back 5 candles from current candle CLOSURE of a Trade is identified by: e) 8 EMA crossing the 21 EMA, then close trade, no matter LONG or SHORT f) Trail Stop Loss IMPORTANT: g) No more than ONE activated trade per EMA crossover h) No more than ONE active trade per pair NOTE: This strategy is to be used in conjunction with Cipher Twister (my other indicator) to reduce trades on sideways price action and market trends for super high win ratio. NOTE: Enabling of LONGs and SHORTs Via Cipher Twister is done by using the previous green or red dot made. Additionally, when the trend changes, so do the dot's validity based on being above or below the 0 centerline. ---------------------------- Strategy and Bot Logic ---------------------------- .....::: FOR SHORT TRADES ONLY :::..... The Robot must use the following logic to enable and activate the SHORT trades: Parameters: $(crossunder)=8EMA,21EMA=Bearish $(crossover)=8EMA,21EMA=Bullish $entry=SELL STOP ORDER (Short) $EMA#1 = 8 EMA (Red Color) $EMA#2 = 13 EMA (Blue Color) $EMA#3 = 21 EMA (Orange Color) Strategy Logic: 1/ Check Daily Time Frame for trend confirmation if: (look back up to 50 candles - find last cross of EMAs) $(chart)=daily and trend=$(crossunder) then goto 2/ *Means: crossunder = ema21 > ema8 $(chart)=daily and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21 NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on) 2/ Check 4 Hourly Time Frame for trend confirmation if: (look back up to 50 candles - find last cross of EMAs) $(chart)=4H and trend=$(crossunder) then goto 3/ *Means: crossunder = ema21 > ema8 $(chart)=4H and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21 NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on) 3/ 1 Hourly Time Frame for trend confirmation AND trade execution if: (look back up to 50 candles - find last cross of EMAs) $(chart)=1H and trend=$(crossunder) then goto 4/ *Means: crossunder = ema21 > ema8 $(chart)=1H and trend=$(crossover) then stop (No trades) *Means: crossover = ema8 > ema21 4/ Trade preparation: * if Next (subsequent) candle touches 8EMA, then set STOP LOSS and ENTRY * $stoploss=3 pips ABOVE current candle HIGH * $entry=3 pips BELOW current candle LOW 5/ Trade waiting (ONLY BEFORE entry is hit and trade activated): * if price action touches 21 EMA then cancel trade and goto 1/ Note: Once trade is active this function does not apply ! 6/ Trade Activation: * if price activates/hits ENTRY price, then bot activates trade SHORTs market 7/ Optional Trailing stop: * if active, then trailing stop 3 pips ABOVE previous HIGH of previous 5th candle or * Move Stop Loss to Break Even after $X number of pips NOTE: This means count back and apply accordingly to the 5th previous candle from current candle. NOTE: This function is switchable. 0=off and 1=on(active). Default = 0 (off) 8/ Trade Close ~ Take Profit: * Only TP when $(chart)=1H and trend=$(crossover) then close trade ~ Or obviously if Stop Loss is hit if 7/ is activated. ----------END FOR SHORT TRADES LOGIC---------- .....::: FOR LONG TRADES ONLY :::..... The Robot must use the following logic to enable and activate the LONG trades: Parameters: $(crossunder)=8EMA,21EMA=Bearish $(crossover)=8EMA,21EMA=Bullish $entry=BUY STOP ORDER (Long) $EMA#1 = 8 EMA (Red Color) $EMA#2 = 13 EMA (Blue Color) $EMA#3 = 21 EMA (Orange Color) Strategy Logic: 1/ Check Daily Time Frame for trend confirmation if: (look back up to 50 candles - find last cross of EMAs) $(chart)=daily and trend=$(crossover) then goto 2/ *Means: crossover = ema8 > ema21 $(chart)=daily and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8 NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on) 2/ Check 4 Hourly Time Frame for trend confirmation if: (look back up to 50 candles - find last cross of EMAs) $(chart)=4H and trend=$(crossover) then goto 3/ *Means: crossover = ema8 > ema21 $(chart)=4H and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8 NOTE: This function is switchable. 0=off and 1=on(active). Default = 1 (on) 3/ 1 Hourly Time Frame for trend confirmation AND trade execution if: (look back up to 50 candles - find last cross of EMAs) $(chart)=1H and trend=$(crossover) then goto 4/ *Means: crossover = ema8 > ema21 $(chart)=1H and trend=$(crossunder) then stop (No trades) *Means: crossunder = ema21 > ema8 4/ Trade preparation: * if Next (subsequent) candle touches 8EMA, then set STOP LOSS and ENTRY * $stoploss=3 pips BELOW current candle LOW * $entry=3 pips ABOVE current candle HIGH 5/ Trade waiting (ONLY BEFORE entry is hit and trade activated): * if price action touches 21 EMA then cancel trade and goto 1/ Note: Once trade is active this function does not apply ! 6/ Trade Activation: * if price activates/hits ENTRY price, then bot activates trade LONGs market 7/ Optional Trailing stop: * if active, then trailing stop 3 pips BELOW previous LOW of previous 5th candle or * Move Stop Loss to Break Even after $X number of pips NOTE: This means count back and apply accordingly to the 5th previous candle from current candle. NOTE: This function is switchable. 0=off and 1=on(active). Default = 0 (off) 8/ Trade Close ~ Take Profit: * Only TP when $(chart)=1H and trend=$(crossunder) then close trade ~ Or obviously if Stop Loss is hit if 7/ is activated. ----------END FOR LONG TRADES LOGIC---------- IMPORTANT: * If an existing trade is already open for that same pair, & price action touches 8EMA, do NOT open a new trade.. * bot must continuously check if a trade is currently open on the pair that triggers * New trades are to be only opened if there is no active trade opened on current pair. * Only 1 trade per pair rule ! * 5 simultaneous open trades (not same pairs) default = 5 but value can be changed accordingly. * Maximum risk management must not exceed 1.5% on lot size *** Some features are not yet available autoated, they will be added in due course in subsequent version updates ***
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Market-Pip-Factory tarafından
3
No-lose trading targets (Based on MFI) By Mustafa ÖZVERThis code shows expected reaction target prices after sudden moving based on MFI . Red area means the price is on overbought area, green area means the price is on oversold area. If you see red area under price, you can make short option to next to the horizontal beginning price of red area. If you see green area over price, you can make long option to next to the horizontal beginning price of green area. When this code works - The green area starts where mfi value is on oversold - The red area starts where mfi value is on overbought Of course, this code may be failed, do not forget the target may never come. But hopefully price will cross over the target. And you (as developers) can develop this code by using anything instead of mfi to get up-down target prices. But only this values can not guarantee good results for trading. BE CAREFUL
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Mustafaozver tarafından
4
Market Makers MoveV1,V2, & V3: New indicator release!! In this fantastic new indicator, you can do the following: - Specify a particular EMA crossing combination (between a fast and a slow ema line) - Specify the timeframe (can be independent or based on current chart timeframe, by default) - Select one of four possible potential profiles (ETFs Only, Crypto, and more!) OR input manually any of 40 possible tickers AND - Assess whether entry for calls or puts is appropriate based on price action on realtime view between 2 tickers, one which will be the highest (strongest) trend up and the other going the lowest (weakest) trend possible, all at the same time! This indicator is by no means financial advice!! So by all means, use according to proper assessment and risk management! There are various tooltips instilled to each field and table of the indicator, all to better guide you for better end results! Cheers! and good luck in you!!
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JuanLagos94 tarafından
2
StockBee MB BullishStockBee Bullish Momentum Burst & 20% Plus Study Tool The Stockbee bullish momentum burst study tool is helpful for practitioners of the momentum burst method who want to easily find historical momentum bursts and/or 20% plus gainers using Trading View. This script finds three specific breakouts that meet the below criteria: 4% Breakouts (Colors Candle Body) 1. Volume of the candle is greater than the previous candle volume. 2. The percent change of candle's price is greater than 4% from the previous candle close. 3. Current candle close is less than 30% from candle's high. **Users can toggle 4% Breakouts on/off and also change candle body color in settings** Dollar Breakouts (Colors Candle Body) 1. The change of candle's price is greater than $0.90 from the previous candle close. 2. Current candle close is less than 30% from candle's high. ** Dollar Breakout does not take volume into consideration ** **Users can toggle Dollar Breakouts on/off and also change candle body color in settings** 20% Plus Gainers (Displays Yellow Triangle Icon) 1. The change over five candles is greater than 20%. **Users can toggle 20% plus label on/off, cannot change the label color** This script also filters out any candle that gaps up and breaks down with a close above 4% the previous candle (Eliminates gap-ups that fade). This tool is meant to find and filter possible candidates. Not every marked candle is a great momentum burst trade. Users can look at 4% Breakouts, Dollar Breakouts, 20% Plus Gainers individually or any combination of the three. This is helpful for Trading View users trading this specific setup.
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lukebrod tarafından
4
Index Reversal Range with Volatility Index or VIXWhat is the Indicator? • The indicator is a visualization of maximum price in which the respective index can go up to in comparison with it's Volatility Index or VIX. Who to use? • Intraday • Swing • Position • Long term Investors • Futures • Options • Portfolio Managers • Mutual Fund Managers • Index Traders • Volatility based Traders • Long term Investors and Options Traders gets the maximum benefit What timeframe to use? • 1 Year: Position & Investors • 6 Months: Position & Investors • 3 Months: Swing & Position • 1 Month: Swing & Position • 1 Week: Swing • 1 Day: Swing • 1 Hour: Intraday & Swing What are Upper and Lower lines? • Upper Line: If the index price reach closer to the Upper line there is a high chance of reversal to Bearish trend. • Lower Line: If the index price reach closer to the Lower line there is a high chance of reversal to Bullish trend. • This need to be confirmed with multiple levels like Daily, Weekly, Monthly etc. How to use? • If the price reach closer to that level there is a high chance of reversal from the current trend. • To identify the reversal zone of the index. • To identify the trend. • Option Traders can Sell a Call or Put Option from that level. • Long term Investors, Position or Swing traders can plan for a Long entry. • Intraday traders can use lower timeframes to do the same. Indicator Menu • Input VIX: Identify the VIX Symbol of your Index and type it in the box. • For example for NIFTY Index chart type INDIAVIX in the box. • Choose multiple timeframes according to your convenience. How to turn on indicator Name and Value labels? • Right side of the screen > • Right click on the Price scale > • Labels > Indicators and financial name labels, Indicators and financial value labels Further Reading: • Various videos and reading materials are available about this method.
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Arun_K_Bhaskar tarafından
8
'last red low / last green high' exitThis is a good alternative to pivot points and ma lines to find long and short exit points (stop loss prices) for a trade. When you hear traders say "set the stop loss to the recent swing", this indicator seems to do a reasonable job of finding those. This script marks the low of the most recent red candle the high of the most recent green candle in order to help identify a reasonable stop loss exit point for long and short trades. You can also specify a distance threshold to the stop loss point. How to use it. Decide how far from the current price the exit should be (default 1.5%) Use your chosen trading strategy to identify a long or short entry position Add a long/short drawing to the close of the trade candle Set the stop loos of your drawing to the exit line of this indicator Set the take profit of your drawing using the desired risk to reward ratio Note: A good rule is that if this indicator does not show a valid exit line, do not enter the trade. Note: If the change of a new "last Green High" or the "last Red Low" is below 0.5%, the indicator will keep the previous values
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carlpwilliams2 tarafından
4
Vix FIX / Stochastic Weights StrategyThis script is based off of Chris Moody's Vix Fix Indicator modified by OskarGallard and BigBitsIO's Stochastic Weights. This script is a compilation of several different stochastic indicators (and RSI ) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them easier. By default, the Stochastic and Stochastic RSI are both enabled - the idea is to speed up the relatively slower Stochastic and to slow down the relatively fast Stochastic RSI . BigBitsIO's Stochastics are also available that can also be added to the weighted calculation. Only the K value is weighted, as the D value is just a moving average of the weighted K. - Why is this modifed stochastic useful? - To weight multiple indicators together so that you can attempt to find optimal values shared amongst the indicators. Ex: If Stochastic RSI is 100 and Stochastic is 50, K would be 75 and not particularly high. If you add in a 50 RSI , the K would be 67 in this example. If we weight indicators together that all have a high value they could potentially help find elements that align together to produce a stronger signal. In this script we have the red "S" triangles which are Exits (overbought stochastic crosses). Added alerts for stochastic exit signals. Alerts are Pre-Set to only Alert on Bar Close. The "Williams Vix Fix" is one of the most reliable indicators in history for finding market bottoms. The Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets. The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up. The FE green triangles are "Filtered Entries". The AE green triangles are "Aggressive Filtered Entries". Added Alerts to Williams Vix Fix (Aggressive Entry and Filtered Entry). Alerts are Pre-Set to only Alert on Bar Close. Added "Ehlrers StochCCI" indicator of user @glaz The Ehlrers StochCCI is a variation of Ehlers Stochastic RSI replaced with CCI. The John Ehlers' article in August, 2006, "Modeling The Market = Building Trading Strategies," describes a process for extracting trend and cyclic elements from market data, then recombining them for trading purposes. He used the Stochastic RSI denoted the cyclic elements. Added ability to show Dots when StochCCI Crosses. Sell: fuchsia dots. Buy: green dots. Added alerts for (Buy / Sell) StochCCI. Alerts are Pre-Set to only Alert on Bar Close. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
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OsMar21 tarafından
2
Sentimental Cycles with CrossingsThis indicator provides the following options, where you can choose to display: DEMA TEMA cycles, filtered by default with sentiment. Sentiment cloud, based on the 200ema area between the 1 minute and 1 hour lines. One or both ema crossings with their respective timeframes (independent from current chart timeframe) and optional line display. One or two tickers and their respective crossings based on selected timeframes. Additional EMA lines supplied with their very own timeframe. This indicator is intended to be used any way suitable to the user, nearly every aspect is customizable, and the defaults are just enough to get you started on deciding whether it's time to enter calls or puts. TIPS for optimal results: - Try using 2 charts: the 1 minute and the 1 hour per symbol. Under the 1 minute chart, use the 3 minute and 5 minute timeframe for crossings. - Try to start a position when a sentimental DEMA TEMA cloud is beginning to form. The first bar usually pays thicc. - Tickers SPY and VXX can be of good reference for market direction. If all crossings coincide, it's because there's a strong momentum in a certain direction for the market.
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JuanLagos94 tarafından
Pro Ecometrics [by @Amu_Arsalan] ✔ Intro As a day trader, this is one of my main strategies to trade with, I have been developing this strategy last 6 months. this strategy helps me make great trades more confident. I wish this could help you make great trades as well ✔ OVERVIEW This is a combination of linear regression for trend analysis and auto plot channel and divergences for 9 oscillators and indicators in 5 different candle range lookback. ✔ CONCEPTS As a trader, you probably know how to trade with channels and trend lines, but we need more confirmation before we dive into a trade, Divergences are one of the most accurate and reliable confirmations for this purpose. So I combine these as a strategy. when I see a confluence in divergence signal and trend line (regression), it has a great chance to see a reversal. ✔ Divergences Show both Bearish and Bullish Divergences fully detailed for normal and hidden divergences it plots a label with indicator names and its values that make this divergence occur. it could calculate divergences for 9 oscillators and indicators for 5 lookback periods. ✔ Trend Line It has editable settings such as lookback period, source, and even color changing. by default, it makes a linear regression for the past 100 candles.
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Amu_Arsalan tarafından
2
MicroStrategy MetricsA script showing all the key MSTR metrics. I will update the script every time degen Saylor sells some more office furniture to buy BTC. All based around valuing MSTR, aside from its BTC holdings. I.e. the true market cap = enterprise value - BTC holdings. Hence, you're left with the value of the software business + any premium/discount decided by investors. From this we can derive: - BTC Holdings % of enterprise value - Correlation to BTC (in this case we use CME futures...may change this) - Equivalent Share Price (true market cap divided by shares outstanding) - P/E Ratio (equivalent share price divided by quarterly EPS estimates x 4) - Price to FCF Ratio (true market cap divided by FCF (ttm)) - Price to Revenue (^ but with total revenue (ttm))
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Pinnacle_Investor tarafından
5
TT Price/Trend IndicatorThe TT Price/Trend Indicator identifies potential trend changes and advises of safe places to set orders at retracements. Main Signals: When a "BUY" signal prints, it is suggested to set a buy order at the Blue trendline and wait until price retraces back. When a "SELL" signal prints, it is suggested to set a short order at the Blue trendline and wait until price rises up. Take Profit: The Reactive Trendline (the thick line that switches from Green to Red, and Red to Green frequently) is good at finding local bottoms. It is suggested to Take Profit on your Long once you see the first switch from Green to Red. If the Reactive Trendline is already Red when your LONG order is filled, wait until it goes from Red-Green-Red to Take Profit. It is suggested to Take Profit on your Short once you see the first switch from Red to Green. If the Reactive Trendline is already Green when your SHORT order is filled, wait until it goes from Green-Red-Green to Take Profit. Stop Loss Suggestions: If you are LONG (BUY), set your Stop/Loss to slightly below the last Higher Low (HL) If you are SHORT (SELL), set your Stop/Loss to slightly above the last Lower High (LH) Alternatively, if you want to maximise your Risk:Reward ratio, you can CLOSE your order once a candle engulfs and closes over both the Blue Line AND the Grey Line. Once these levels are broken and you are underwater, the risk to hold that position is no longer worth it. However, this approach can shake you out of winning trades, so I advise you to use other strategies such as Volume, Fibonnaci and RSI etc to help you make a final decision. Important: If you are taking this approach, don't panic sell - wait for the close of the current engulfing candle to make this decision, because quite often it will just be a wick up or down in your favour. What are the best Strategies? The best timeframes are as follows: - 1 Hour - 2 Hour - 4 Hour - 1 Day - 1 Week My Favourite is 1 Hour. Scalping for advanced traders: - 1 minute - 5 minutes If you are scalping, it is highly recommended to use the TT Volume Indicator as well, to confirm price with volume (see scripts under my profile). Price on its own will not be good enough. I also recommend the RSI with a 14 SMA to identify Strength breakouts. Other Features: - VWAP (Dotted Red/Green line) - this is common liquidity and can be one of the most important Support/Resistance levels in Crypto, which is why it is included. Can you FOMO order? Unless you are using this with a combination of other indicators (such as the TT Volume Indicator), it is not recommended to FOMO orders at the "BUY" or "SELL" signal unless you have a clear volume breakout. Please see this explanation on FOMO ordering for further information:
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reiiss7 tarafından
51
Take Profit ScreenerI'm going to introduce you to the Take Profit Screener tool. It allows you to manually scan your watchlist to determine at a glance the assets that have the best profitability potential. It is a 2 in 1 tool that allows you to : identify where your Take Profit ratios are located whether you are in SHAD or Cycle Strategy identify the potential reward percentages when approaching the key Fibonacci levels Before you start using it, you need to: sort your watchlist according to the price (Last) in order to have price ranges more or less close to each other when jumping from a symbol to another disable the Auto Scale and Magnet feature select your first symbol display the tool (the indicator more exactly) The settings dialog box is organised in 3 sections: Strategy : By setting this section, you will answer the question " Where do my Take Profit ratios stand in relation to my entry price, and according to Risk Management Strategy adopted (SHAD or Cycle)? " Fibonacci : By setting this section, you will answer the question " What percentage gain can I expect as I approach one of the key Fibonacci levels? " Layout : This is the settings for the look and feel Strategy Section Active : This part of the indicator won't display on your chart if unchecked Type : Choose between SHAD or Cycle Strategy. When choosing SHAD, you can select 2, 4, 8 or 16 SHAD Levels. When choosing Cycle, you can enter whatever ratio value you wish in the Strategy Ratio (Cycle only) input. SHAD xNN : When choosing SHAD Strategy, you should select at least one level and more if need be. Strategy Ratio (Cycle only) : When choosing Strategy Type Cycle, you can enter whatever ratio value you wish there. Freeze Entry Price & Value : Leave it unchecked whenever the current price of the asset is located within your desired area (i.e. Reload Zone) while attempting to estimate its potential reward. Conversely, keep it checked whenever the current price of the asset is outside your desired area, but you need to anticipate the potential reward of this asset if its price reaches a certain level, your Entry price. Enter this price there and check the box. Show price : If checked, both Take Profit ratio and Price are displayed. If unchecked, then price is hidden. Extend Line : If checked, then lines showing Take Profit levels extend to the left. Label Offset : If checked, then the label that displays Take Profit ratio and price shift to the right by a value that ranges from 0 to 100 candles. Label Style : You can choose between Right or Top. This will determine the orientation of the label. Fibonacci Section Active : This part of the indicator won't display on your chart if unchecked Type : Choose between SHAD or Cycle Strategy. When choosing SHAD, you can select 2, 4, 8 or 16 SHAD Levels. When choosing Cycle, you can enter whatever ratio value you wish in the Strategy Ratio (Cycle only) input. SHAD xNN : When choosing SHAD Strategy, you should select at least one level and more if need be. Strategy Ratio (Cycle only) : When choosing Strategy Type Cycle, you can enter whatever ratio value you wish there. Freeze Entry Price : Leave it unchecked whenever the current price of the asset is located within your desired area (i.e. Reload Zone) while attempting to estimate its potential reward. Conversely, keep it checked whenever the current price of the asset is outside your desired area, but you need to anticipate the potential reward of this asset if its price reaches a certain level, your Entry price. Enter this price there and check the box. Color : You can define the color of Fibonacci line levels
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boursicotman tarafından
14
CPR Option Selling StrategyGood afternoon traders, This is a script I built for option selling, in attempt to have a high success rate. The gist of how it works: It uses the opening or close of the current chart's timeframe opening bar when referenced against a designated (higher) timeframe's central pivot range (CPR). Using that comparison, this script calculates an option to sell: put, call, or iron condor. It will calculate a call value using an average of the CPR central pivot and the max value of the prior higher timeframe's high or R1 (whichever is higher.) It does the same for the put side, but uses the higher timeframe's low or S1 (whichever is lower.) It will use the option on the other side of the source (open or close) of the CPR as the "option in play." Settings: There are many settings, most are simply "viewable" settings, and probably self explanatory, others, not so much: "Source for Trigger" - this is the value used on the "opening bar," such as the close. This value is the one compared to the Central Pivot Range in determining whether to sell a call (if the source is lower,) sell a put (if the source is higher,) or an iron condor if it's in the CPR. "Show Historical Win/Loss Percentages" - this shows a table in the bottom right of the W/L percentages for the current ticker and settings. Used for a quick glance at historical success rates. "Extend Developing Levels Into the Future" - This will extend the developing values for CPR values, call and put values into the future (good for trying to trade early or setting up pre-market trades, assuming there will not be huge gap in one direction or another.) "Select Higher Timeframe" - "Auto" will choose the higher timeframe for you. "Manual" will use the next field... "If Manual, Timeframe for Pivots" - allows you to choose a different higher timeframe. The next two sections are simply whether to show the plots for different levels of traditional and/or camarilla pivot points. The last section will allow you to just filter on certain days. Really only useful for "backtesting" certain 0DTE trades on some daily options during the hourly chart. Example use: An example use (which I completed last week) on the chart referenced in this share: I sold a put-spread for $0.90, selling a 590 and buying a 570 strike in the middle of the week. I was looking at an hourly timeframe chart with a weekly pivot timeframe for the strategy. Obviously, making only $0.90 on a $20 spread, there is a lot more to lose than to make, but I did some other analysis to go with it, so I felt safe, and I had a stop set for $1.50. So it worked, along with 3 other plays I did, very similar, and if that "Historical Win/Loss Percentage" is accurate, which I am fairly certain it is, I felt good about it. The key all comes down to what you sell it for, right? That piece only you can determine. :) Happy trading and enjoy, Deuce
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DeuceDavis tarafından
153
Renko Candles OverlayHello All, For long time I got many request for Renko Candles and now here it's, Renko Candles Overlay . I tried to make almost everything optional, so you can play with the options as you want. Let see the options: Method: the option for brick scaling method: ATR, ATR/2, ATR/4, Percent, Traditional - ATR Period: period for Average True Range and it's valid if the method is ATR - ATR/2 Period: period for Average True Range and it's valid if the method is ATR/2 - ATR/4 Period: period for Average True Range and it's valid if the method is ATR/4 - Traditional: User-defined brick size, it's valid if the method is Traditional - Percent: Percent of Close price, it's valid if the method is Percent if the method is not Traditional (fixed brick size) then Brick size is calculated/updated when new bricks added. so The box sizes may be different because of the calculation is dynamic. Levels & Lines for new Bricks: if you enable this option then the script shows the levels for new brick Change Bar Color: optionally the script changes the bar color by using direction of the bricks and some other options for coloring. The script shows the bricks for visible area, which is approximately 280 candles. so if you change the width and number of the bricks then number of bricks that is shown is adjusted automatically to fit the screen. you can see the examples below: The script shows the levels to new brick as a line and label: Because of real-time bar is not confirmed until the candle close, the script shows the bricks as Unconfirmed , and unconfirmed bricks shown in different color: You can change the width of the bricks (width is 10 in following example): Optionally candle colors are changde by the direction of the bricks: If you have any recommendation then please drop a comment under the script ;) Enjoy!
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LonesomeTheBlue tarafından
135
Historical Range (Using eStrategy library)⬜ The script is intended to cover few things. ▶ Strategy testing framework based on eStrategy library ▶ Using historicalrange of values for identifying better entry and exits. This is also built on top of the Systematic Investment Plan script published here ⬜ Strategy testing framework Strategy testing framework is different from tradingview default strategy testing from few ways to suit the needs of systematic investments. ▶ Supports recurring investment on top of initial investment to emulate adding further funds to the investment bucket on regular basis. ▶ Better calculation of drawdowns based on daily equity rather than drawdown calculated only on close of trade. ▶ Provides better control over how much strategy can reduce and reload Having said that, this framework is not intended as replacement for tradingview strategy framework. It is not as comprehensive as tradingview strategy framework. But, created to address few specific styles of strategy. ▶ No detailed trade stats on individual trades. But, this can be implemented in future versions ▶ At present only facilitates long positions. ▶ UI features such as plotting trades on chart are not available. ▶ Does not take into consideration of slippage and brokerage - this is not an issue because the framework is not meant for short term trades. It is only made for daily timeframes. ▶ No pyramiding or leverage possible. And many more... Framework can be used for similar strategies based on market timing with few small changes. ⬜ Historical Range Strategy Concept here is, instead of taking indicators such as oscillators as is, use historical percentile to derive better oversold and overbought conditions. Strategy provides different options to base historical range. This can either be based on ▶ Band percent ▶ Oscillator Different choices of bands and oscillators are also available to chose. However, have not done extensive testing on all the combinations. ⬜ Settings ▶ Initial and recurring investment settings (As confirm inputs) ▶ Buy and hold and strategy specific settings to be used for stat calculation ▶ Band and oscillator parameters These are straightforward parameters which is used for defining the base of either bands or oscillators. ▶ Percentile moving average parameter Percentile MA is used with Percentile to find entry and exit signals based on crossover and crossunder. Feedbacks and suggestions welcome.
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Trendoscope tarafından
SAR+RSI+EMAs SignalsNOTE: Indicator based strategies may expire and begin to work again. There are various ways to check the expiration of these strategies but I suggest equity curve trading (EC trading) as the best one. Please check every single indicator based strategy to see if it’s still profitable or it has been expired to avoid losses. Principles: I personally believe every profitable indicator-based setup need 3 factors. Actually I analyze indicator-based set up in this way! 1- Trend detector: a tool that detect the “trend”. 2- Oscillators (Discount finder): a tool that detects “discounts” in the direction of the trend. 3- Stimulus: A tool that indicates the Initiation of a movement. There may be profitable strategies that do not use all three, because other factors are strong enough to lead us to profit, but they are rare and sometimes they hide the other forgotten factor in the main two ones. Elements: (Since most of traders here, are familiar with these famous indicators I will not take your time to write about their uses and formula) SAR: As a Trend detector, regarding position of close and SAR EMA 7 and EMA 21: As trend detectors, regarding position of EMA 7 as fast “moving average” and EMA 21 as slow one. Also we need another confirmation for trend regarding EMA 7 and closing price of the signal candle. RSI: In this strategy RSI is used both as a discount finder and a stimulus. For RSI being over/under 50, regarding the trend, a possible discount may have been occurred. Imagine these conditions: close>EMA7, EMA7>EMA21, close>SAR and simultaneously RSI being under 50 is really a sign of powerful uptrend which it’s RSI decreasing might be a sign of corrective move, which will be following a bullish impulsive move. The other use of RSI is to stimulate a buy signal by “crossing” over 50 or 30 (50 as balanced point of momentum and 30 as a sign of ending an oversold) or stimulate a sell signal by “crossing” under 50 or 70 (50 as balanced point of momentum and 70 as a sign of ending an overbought). Entry point: you can use one of the followings. 1- Open of the next candle 2- EMA 7 3- Open of the signal candle (Totally optional but “open of the next candle” is suggested by me.) SL: Use one of the followings. 1- SAR or some pips (regarding ATR Or your experience of this trading instrument’s fluctuations in this time frame) below the SAR 2- Fixed amount (regarding ATR Or your experience of this trading instrument’s fluctuations in this time frame) 3- Use EMA21 as dynamic SL (if a candle far enough from the initiative candle close over (for sell) below ( for buy) Again number 1 is suggested by me. TP: Use one of the followings. 1- Use static levels or zones of support and resistance as TP. 2- Use dynamic levels for instance band of BB or moving averages (Moving the SL is possible). 3- Use fixed R to R And I believe static zones of support and resistance work better. Examples: I indicate a buy signal on the chart! Using local level as TP worked just good. Using EMA was better in this case. And using a riskier level or a fixed R to R is obvious in the chart! Since in the range markets, this strategy may not work well and at the same time, TP to SL might be too small to be worth the risk, I prefer to use levels to filter range market conditions! I convert all those circumstances to a simple buy and sell signs on the chart! EMA21 and SAR are still visible because it is possible that traders use them for their TP and SL. This is how it look without EMA21 and SAR! Another screenshot of this strategy! I also add a check box to filter signals by another trend detector. MATD created by me to help traders detect trend! As it’s visible, some profitable signals filtered too, but using a longer-term trend detector as an additional one, alongside the double EMAs is very useful for this strategy. The other box “use high&low instead of close for fast EMA” makes the “EMA7 and close” trend detector an easygoing one! Almost everything is editable here! *** I did not invent this strategy, you can find it for free on net *** I'll change it to a "strategy" instead of an indicator if reader like to!
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AliSignals tarafından
13
Pattern Recognition Pullback Strategy profit calculatorThis script has been designed for use in botting Crypto spot / futures. The intended use is send signals to a 3commas bot setup for the exchange. The bot uses candle measuring percentile nearest rank filters and range breakouts to decide if the market is trending. When the market is trending it will look for pullbacks below a moving average and buy in the trend direction on a pullback discount. This is the profit calculator part of the script With this script you will not be able to send tradingview signals, that is because it is a payed premium service and for security reasons I am the only one with access to making signals from this script. I provided a user manual: drive.google.com
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Honestcowboy tarafından
5
Pattern Recognition Pullback StrategyThis script has been designed for use in botting Crypto spot / futures. The intended use is send signals to a 3commas bot setup for the exchange. The bot uses candle measuring percentile nearest rank filters and range breakouts to decide if the market is trending. When the market is trending it will look for pullbacks below a moving average and buy in the trend direction on a pullback discount. With this script you will not be able to send tradingview signals, that is because it is a payed service and for security reasons I am the only one with access to making signals from this script. I will be uploading a second script which is the profit calculator. This way you can toy around to find your preferred settings for the bot and see the results it could have made. I provided a user manual: drive.google.com
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Honestcowboy tarafından
60
WhaleCrew VisionVision is an advanced momentum oscillator that visualizes momentum strength with overbought and oversold readings. Features Momentum Waves Divergence Detection (regular and hidden divergences) Detection for momentum shifts (detects higher lows/lower highs on the oscillator) Detection for momentum stagnation Moneyflow Most important: Our Custom Strategy Builder Custom Strategy Builder The custom strategy builder is a framework that allows you to easily create custom strategies. 1. Configure long/short conditions Pre-defined conditions for custom timeframes, under which you're looking to potentially enter a trade. 2. Configure trigger Select a trigger (e.g. "Wave Cross" or "Wave Lower High") to generate labels/alerts for potential entries, whenever long/short conditions are met. 3. Configure Take Profit Conditions Potential Take Profits are triggered by momentum stagnation. 4. Backtest your strategy By using our open-source backtester script (published on our profile). 5. Trade responsibly Manually review each signal/alert before taking any actions. Note: The "Strategy Backtest" input section can also help you develop your strategy. Usage You can use this indicator to follow the trend, detect momentum shifts or memorize patterns. Take a systematic approach by using our strategy builder. Access to this indicator can be obtained through our website.
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WhaleCrew tarafından
3
Multiple Ticker TraderThis indicator can be used as an alternative to the built in Strategy Tester for those who want to (back) test a strategy on multiple tickers simultaneously and see it's performance. Just change the buy and sell conditions in the code to fit your needs. The strategy I've used here is scaling into up to 10 tickers a maximum of 5 times per ticker every time they retrace (another) 10% from their all time high. You can set the maximum number of total trades and disable scale ins by setting them to an impossible number (such as, 99% away from the all time high). Credit to QuantNomad for the monthly/yearly returns table bottom left. The bottom right table shows the current number of shares the algo is long and also the total all-time returns from each individual ticker, and other data. The blue line is the number of positions the script is currently long. Each scale into the same ticker represents one position. The yellow line is the closed P&L. The green/red line is the live P&L. I've used leverage for the example image just to showcase the liquidation display. These particular buy/sell conditions cannot close positions at a loss, so be careful if you're wild enough to use this setup live without understanding the script yourself. I haven't used it live myself yet and you should assume there are serious bugs before thinking about using it live, though I'm using a similar thing on cryptos and it's going fine. You can edit the leverage, maximum trades and back test range in the settings. The number following the ticker on each label represents which scale in was bought/sold. Enjoy :) let me know if you find any good results
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barnabygraham tarafından