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RSI and Smoothed RSI Bull Div Strategy [BigBitsIO]This strategy focuses on finding a low RSI value, then targeting a low Smoothed RSI value while the price is below the low RSI in the lookback period to trigger a buy signal. Features Take Profit, Stop Loss, and Plot Target inputs. As well as many inputs to manage how the RSI and Smoothed RSI are configured within the strategy. Explanation of all the inputs Take Profit %: % change in price from position entry where strategy takes profit Stop Loss %: % change in price from position entry where strategy stops losses RSI Lookback Period: # of candles used to calculate RSI Buy Below Lowest Low In RSI Divergence Lookback Target %: % change in price from lowest RSI candle in divergence lookback if set Source of Buy Below Target Price: Source of price (close, open, high, low, etc..) used to calculated buy below % Smoothed RSI Lookback Period: # of candles used to calculate RSI RSI Currently Below: Value the current RSI must be below to trigger a buy RSI Divergence Lookback Period: # of candles used to lookback for lowest RSI in the divergence lookback period RSI Lowest In Divergence Lookback Currently Below: Require the lowest RSI in the divergence lookback to be below this value RSI Sell Above: If take profit or stop loss is not hit, the position will sell when RSI rises above this value Minimum SRSI Downtrend Length: Require that the downtrend length of the SRSI be this value or higher to trigger a buy Smoothed RSI Currently Below: Value the current SRSI must be below to trigger a buy
Pine Script® stratejisi
BigBitsIO tarafından
4
ATR SL/TP Calculator Hello traders! With this script you will able to calculate easier SL and TP using the ATR Value according with your strategy. Script plots two circles below and above the candle that is calculated using H/L of the candle +/- ATR Value. You can also modify the ATR Period and other plotting options clicking on the settings icon. Ciao Traders, in questi ultimi giorni non ho pubblicato analisi ma spero che gradirete questo script che vi faciliterà di molto il lavoro quando applicherete strategie basate sull'ATR per il calcolo degli stop o dei profit. Grazie a questo script riuscirete a calcolare più facilmente lo SL ed il TP utilizzando il valore dell'ATR applicato al Massimo o al Minimo di quella candela. Lo script visualizzerà due cerchi, uno sopra e uno sotto la candela che rappresentano il Massimo/Minimo più/meno il valore dell'ATR. Potrete modificare il periodo dell'ATR e lo stile semplicemente cliccando sull'icona delle Impostazioni.
Pine Script® göstergesi
Francesco_Panzitta tarafından
4
Make Profit Club Main ScalpThe main scalping indicator. We use this indicator to trade for a short time in a TF of 5-15 minutes. We have created takeprofit zones for you so that you can understand where we can get to and take your profit. these points are mostly very helpful. There are basic settings that allow you to adjust the indicator individually for each situation; because of this, this indicator can be used for any exchange and any currency pair. For Scalp trading, we use 3 different strategies available to our clients. If you enter them correctly, you can never see the minus sign. Use the link below to obtain access to this indicator.
Pine Script® göstergesi
obonano tarafından
Expansion Top/Bottom (Expo) Expansion Top/Bottom (Expo) DESCRIPTION Expansion Top/Bottom (Expo) indicator is a powerful oscillator that visualizes temporary Top/Bottom as well as trend shifts. When the market moves boldly a histogram will be formed in the indicator which indicates that the movement might be at its end. It's always a great idea to lock in some profit when we get these histograms. These ‘Lock-in’ profits points are visualized by a cross. The professional trader has the ability to adjust the length of the calculation. A longer length means that the indicator spots broader market shifts. A short length means that the indicator spots temporary tops/bottoms. Use the indicator in combination with other signals and analysis techniques. HOW TO USE 1. Use the indicator to identify temporary tops/bottoms. 2. Use the indicator to identify broader tops/bottoms. 3. Use the indicator to visualize the trend. 4. Use the indicator to visualize ‘Lock-In’ profit points. INDICATOR IN ACTION Short length (Length = 14) BTCUSD EURUSD BRENT BRENT BTCUSD Long length (Length = 50) BRENT EURUSD BTCUSD The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well. I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments! ACCESS THE INDICATOR • Contact me on TradingView or use the links below. • I have started to publish private scripts which are not visible on my profile. However, if you're interested to know more about these scripts, drop me a message at my webpage and I will show you these scripts as well. The rationale behind publishing these scrips as private is that I don't want them to be indexed in search engines. ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas 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 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, 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 are only for educational purposes!
Pine Script® göstergesi
Zeiierman tarafından
70
Trend analysis - Take Profit (Expo)Trend analysis - Take Profit (Expo) DESCRIPTION Trend analysis - Take Profit (Expo) indicator is developed to visualize ‘Lock In Profits -points' in trends. It’s a necessity for a professional trader to continuously ‘Lock In Profit’ in order to grow their balance and to reduce their risk. In fact, research shows that exits have more impact on the results than any other factor (Tharp, 2006). So when the indicator shows a ‘TP’ - point, start to lock in some of your profit and continuously do so on every TP - point and exit the trade when a circle is shown. The indicator does also visualizes the current trend by the color of the cloud. Green color = positive trend. Red color = negative trend. The professional trader will have the possibility to adjust the sensitivity of the TP - point as well as the length of the trend calculation. HOW TO USE 1. Use this indicator to identify when to Lock In Profits in trends. 2. Use the indicator to identify trends. 3. Use the indicator to identify a trend shift. INDICATOR IN ACTION BTCUSD BTCUSD EURUSD BRENT EURGBP The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well. I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments! ACCESS THE INDICATOR • Contact me on TradingView or use the links below ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas 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 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, 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 are only for educational purposes!
Pine Script® göstergesi
Zeiierman tarafından
11
[fikira] Harmonic Patterns (Gartley)When using "Harmonic Patterns", always look at the bigger picture, please do not depend solely on the "Pattern". Use other indicators,... to confirm what you think is going on! That said, it is quite useful! Here we have "The Gartley", bullish and bearish. The "Pattern" is created by checking 5 consecutive (pivot) points, starting with X, A, B, C, and ending with point D. At point D all 5 points are compared, calculated and verified. When confirmed, a "Label" will be plotted at point D, together with the "Entry", "Take Profit" and "Stop Loss" price. The "Entry", "Take Profit" and "Stop Loss" lines will be plotted as well at point D. Lastly, a "Drawing" automatically will be displayed which makes the "Pattern" visible. Please do mind, the "Drawing" is calculated differently, the "Drawing" sometimes can be displayed incorrectly when prices are too close to each other (for example low Satoshi price changes). THE "ENTRY" , "TAKE PROFIT", "STOP LOSS" PRICES AND LINES ARE NOT AFFECTED AT ALL BY THIS, THEY WILL SHOW CORRECTLY! - 1 "TP point" can be changed ("TP Level 0.618") - "Labels", "Lines", "Drawings" can be disabled/enabled - "Labels" can be made smaller or bigger ("Size Label") - "Labels" can be placed further or closer to the bar ("Distance TP Label" > higher = closer, lower = further) - "Lines" can be made thicker or thinner ("TP Linewidth") - "Drawings" can be made thicker or thinner ("Drawings Linewidth") - "Drawings" are created by comparing with 100 bars back in history (default), should it be (very rarely) a triangle is displayed flat on the left side, possibly the first point(s) is/are further than 100 bars ago, in this case increase "Period Drawings" above 100. - When a lot (really a lot!) of "Patterns" appear on the chart, the first ones will not be displayed anymore, first the "Drawings", then the "Lines" The last (present) ones will always be displayed in total without a problem! - If you want to see "Patterns" with less correct measurement, change "Error Marge" 0.9 - 1" and "Error Marge" 1 - 1.1"), this gives max. about 10% extra margin Thank you very much!
Pine Script® göstergesi
fikira tarafından
16
Experimental Entry Interface (Buy Arrows with TP & SL)This script provides high probability entry points and includes Take Profit and Stop Loss targets. It attempts to predict when the market conditions are set to move up, and prints long positions. In addition to Long Entry Arrows, it will print Take Profit / Stop Loss targets. This indicator is highly adjustable. Hence the name 'Experimental' in the title. Experiment with it to find the results you want. Designed for use on the 1H timeframe in Forex, but could possibly be useful elsewhere. Do your own testing. This indicator can repaint. It is best used with alerts set for once per bar close, so that your alerts do not repaint and your trades are solid. Not ever signal is a winner. Backtest thoroughly. Adjust accordingly. Arrows Four sets of colored arrows are included. 💵 💶 Green and Blue Entry Arrows are formed when the market is in an uptrend, and has a momentary pullback. 💴 💷 Yellow and Purple Entry Arrows are formed when the market is just starting to recover from being severely oversold. Backtest Mode Turn on Backtest Mode to easily see if an entry ended up as a winner or loser. A Take Profit and Stop Loss line will be drawn to show results. Take Profit & Stop Loss Targets You have two options for this. Price will show you where your TP/SL exits should be placed. These values will show up under the arrow, based on your Risk/Reward ratio. Pips are much more simple, and will only show you the market entry point and how many pips up/down to place your SL/TP. Warning: This is fixed at a 1:1 RRR . Risk/Reward Adjustment Each entry arrow color allows custom risk/reward ratio adjustment. Dollar Amounts Displayed Change your account value and leverage to see how much you would have won on each trade. How to trade with it? (Forex, 1H) Open the settings, and turn on all the arrow entries. Turn on Backtest mode to see how past trades would have played out. Turn on TakeProfit/StopLoss Targets to see where to set your targets, for each arrow. Set an alert to notify you once per candle close when there is an Entry. Trade happy! Bill Williams Alligators are also included, if you want. Not necessary though. Some of the calculations depend on them for trend direction analysis.
Pine Script® göstergesi
mattzab tarafından
8
Scripting Tutorial A - TManyMA - StopsThis script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions. Features: - 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually. - Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA ) - Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA. - Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market. - To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked to my profile. - Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3. - Ribbons are alpha-color coded based on their relation to their default MAs. - Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner. - Ribbon values are calculated based on calculated MA Periods between the MAs. - Converted the existing study into a strategy. - Strategy only enters long positions with a market order when MA crossovers occur. - Strategy exits positions when crossunders occur. - Trades 100% of the equity with one order/position by default. - Ability to disable trading certain crosses with input checks. - Ability to exit trades with a take profit or stop loss. - User input to allow quick changes to the take profit or stop loss percentages. This script is meant as an educational script with well-formatted styling, and references for specific functions. *** PLEASE NOTE - THIS STRATEGY IS MEANT FOR LEARNING PURPOSES. DEPENDING ON IT'S CONFIGURATION IT MAY OR MAY NOT BE USEFUL FOR ACTUAL TRADING. THE STRATEGY IS NOT FINANCIAL ADVICE ***
Pine Script® stratejisi
BigBitsIO tarafından
3
Trade Manager/Pnl and Risk-Reward Panel (Plug&Play)Hello traders The Trade Manager Standalone is finally back and with many more built-in features. I. 💎 SCRIPTS ACCESS AND TRIALS 💎 1. No TRIAL is available for that script. Available only with one-time payment on my website . 2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :) 3. Many video tutorials explaining clearly how all our indicators work are available on your website > guides section. 4. You may also contact me directly for more information II. 🔎 What is a Trade Manager?🔎 2.1 Concept Standalone Trade Manager compatible with any indicator. Once connected, whenever you'll update your Algorithm Builders or your indicator, the Trade Manager Stop-loss, take-profit levels, and analytics get updated automatically. #bold #statement #but #actually #true 2.2 How hard is it to update your indicator? We'll send to our customers, a comprehensive and easy tutorial, to make any indicator compatible. I guarantee you, it should take no more than 2 minutes per indicator. We made it easy, fun, and awesome. #bolder #statement III. The amazing benefits of our🔌&🕹️ (Plug&Play) system Hope you're ready to be impressed. Because, what I'm about to introduce, is my best-seller feature - and available across many of my indicators. In TradingView, there is a feature called "Indicator on Indicator" meaning you can use an external indicator as a data source for another indicator. I'm using that feature to connect any external indicator to our Trade Manager (Plug & Play) - hence the plug and play name. Please don't make it a plug and pray :) it's supposed to help you out, not to stress you even more Let's assume you want to connect your RSI divergence to your Trade Manager. I mentioned an RSI divergence but you may connect any oscillator (MACD, On balance volume, stochastic RSI, True Strenght index, and many more..) or non-oscillator (divergence, trendline break, higher highs/lower lows, candlesticks pattern, price action, harmonic patterns, ...) indicators. THE SKY IS (or more likely your imagination) is the limit :) Fear no more. The Plug&Play technology allows you to connect it and use it the backtest calculations. This is not magic ✨, neither is sorcery, but certainly is way beyond the most awesome thing I've ever developed on TradingView (even across all brokers I know). #bold #statement #level #9000 TradingView is the best trading platform by far and I'm very grateful to offer my indicators on their website. To connect your external indicator to ours, we're using a native TradingView feature, which is not available for all users. It depends on your TradingView subscription plan ( More info here ) If you intend to use our Algorithm Plug&Play indicator, and/or our Backtest Plug&Play suites, then you must upgrade your TradingView account to enjoy those features. We value our relationship with our customers seriously, and that's why we're warning you that a compatible TradingView account type is required - at least PRO+ or PREMIUM to add more than 1 Plug&Play indicator per account. We go in-depth on our website why the Plug&Play is an untapped opportunity for many traders out there - URL available on my profile status and signature IV. 🧰 Features 🧰 4.1 Stop-Loss Management For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal. This is NOT a recommendation at all, only an example to explain how this feature works. - %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit - Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here - TP Trailing: This is a very awesome feature. The stop-loss is set 2% away when the trades start. When the TP1 is hit, the stop-loss will be moved to the Entry price (also called breakeven). When the TP2 is hit, the SL is moved to the previous TP1 position - Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units) 4.2 Take Profits Management You can manage up to 2 take profit levels defined as a percentage or price value. The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price 4.3 Built-in Trade Manager This is very likely the most loved utility script that we shared on TradingView. It's included in your Algorithm Builder - Single Trend+, and will certainly help you immensely to analyze your charts and your trades. We made sure that all the graphical elements on the chart will be updated in real-time whenever our user change anything on the indicator configuration. You'll also be able to change the Trade Manager labels positions as you wish :) 4.4 Built-in Risk-to-Reward Panel The good stuff doesn't stop here. You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart. It displays for the selected trading algorithmic (see 2.3.2 above), a ton of useful real-time analytics. - Entry Price: the price when the Algorithm Builder will give a signal. - The Trade PnL in percentage. - Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price. - Entry TP1: Distance (in currency/units) between the entry price and the first take profit - Entry TP2: Distance (in currency/units) between the entry price and the second take profit - Risk/Reward TP1: Using the Stop-loss distance at entry, and Take Profit 1 at entry to compute the risk-to-reward ratio. - Risk/Reward TP2: Using the Stop-loss distance at entry, and Take Profit 2 at entry to compute the risk-to-reward ratio. For more details, please check the guides section of my website. Links are in my signature and profile status. 4.5 Built-in PnL real-time calculations YES!!!! you read it correctly The panel displays the risk-to-reward ratios but also the PnL (Profit and Loss in percentage value) of the current and last trade V. 🔔 Alerts 🔔 We enabled the alerts on the: 1. Stop-Loss 2. Take Profit 1 3. Take Profit 2 VI. 🤖 Compatible with trading bots? 🤖 I'm very aware of all existing solutions out there allowing us to capture the TradingView alerts (Instabot, ProfitView, ...) and forwarding them to the brokers to automatize your trading. You'll find a more detailed answer on our website. If you have any doubt or question, please hit me up directly or ask in the comments section of this script. I'll never claim I have the best trading methodology or the best indicators. You only will judge and I'll appreciate all the questions and feedback you're sending my way. They help me a ton to develop indicators based on all the requests I received. Kind regards, Dave
Pine Script® göstergesi
Daveatt tarafından
11
Algorithm Builder - Multiple Trends+ (+ Trade Manager and Panel)Hello traders I. SCRIPTS ACCESS AND TRIALS 1. For the trial request access, they have to be done through my website . 2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :) 3. You may also contact me directly for more information II. Algorithm Builder - Multiple Trends 2.1 Forewords The Multiple Trends+ is the update of the Multiple Trends and includes a built-in Trade Manager and PnL/Risk-Reward Panel This indicator is available only to our PREMIUM users. Our PREMIUM indicators offer more trading analysis capabilities and opportunities. A few words of caution: the Algorithm Builders - Multiple Trends are more advanced and as such, would require slightly more time to be mastered. They're not that much difficult, but we understand that designing a trading system with 2 trends might be slightly more complicated - however, there is nothing to be scared of :). The time spent to learn how to use our PREMIUM tools might be rewarded handsomely. 2.2 Concept The Algorithm Builder - Multiple Trends is made to detect the convergence of many unrelated indicators and give a BUY or SELL signal whenever all the selected sub-indicators are converging in the same direction. This is an upgrade of the PRO package giving access to the Algorithm Builder - Single Trend - designed to show 1 unique entry per trend - whereas the Multiple Trends offers re-entries in the same direction of the trend if the indicator detects good convergences to accumulate more positions. III. Multiple Trends versus Single Trend 3.1 Multiple Trends benefits A friend asked us recently Why using the Multiple Trends if we can use the Single Trend in a smaller timeframe, and get more entries that way? We thought this was an excellent question, but the answer is obvious. Using a Single Trend on a smaller timeframe to solely getting more entries will reduce the security of the given trades. We designed the Algorithm Builders to take a trade in an identified trend but reducing the timeframe too much will mostly increase your risk - and might lead to capital loss. By the way, this is a universal rule valid also for a big majority of indicators. We're absolutely not saying that the Single Trend won't work on small timeframes because actually it really does. But, if you find out a great configuration for your Single Trend, and want to get more signals without increasing your risk - then the Multiple Trends would be a very viable option. 3.2 Main signal versus secondary signals For the main and secondary trends, the color green symbolizes any identified "BUY" trend. And the color red symbolizes any identified "SELL" trend. -The MAIN trend symbol is unique and symbolized by a triangle. - The SECONDARY (could also be called re-entries) trends are multiple and symbolized by a diamond. In the Algorithm Builder indicator settings, they're identified with the Additional keyword. 3.3 How the convergences are calculated Extremely important: The diamonds (or re-entries) are displayed, as long as a triangle (or main/primary signal) is displayed. For a trend change (buy to sell or sell to buy), the system waits for ALL selected re-entries sub-indicators , to give a convergence/confluence in the opposite direction. For example, let's assume a BUY/green convergence based on 3 indicators. One or Two of them going turning red, won't be enough for a trend change. But, if all of them turn red, then we'll see a red triangle - signaling the beginning of a new downtrend. 3.4 Why multiple entries? Here are a few use cases : 1. The main use case why we made those Multiple Trends indicators: A trader got invalidated or stopped out on a trade, but wants a system to let hin/her jump back in with a minimum of security. (security depending on the configuration of the Algorithm Builder as a whole). This is very frustrating to get in a trade, being stopped out, and finally, see the trade going in the expected direction. Even more frustrating to jump back in at the end of a trend, and get stopped out again - we all agree on this. 2. You want to add more positions on your main trade as your Algo Builder identified a solid trend - this is a nice way to possibly maximize your gains. Once again, we don't/won't guarantee any performance result (not because we don't believe in our tools, but for legal reason), all depends on the time spent reading our documentation and playing with the Algo Builder - as explained on our Tutorials. More info available on our website. URL available in this script signature and on my profile status. IV. Why the Algorithm Builder Multiple Trends+ may help you I worked with many traders during my career, and their feedback about trading is often pretty similar. They all tried a lot of complicated indicators, losing their capital, and finally getting back to the basics (even to the basic indicators if I might say) The art is finding a good combination of indicators and setting strict money/risk management rules. Easy in concept, but more than 90+% of traders lose money on the markets... which teach us that trading is not only about drawing trendlines, or using cool indicators but finding ways to ease our psychology while trading. 4.1 The Algorithm Builder trading framework The sub-indicators (full list on our website) weren't chosen randomly. They're based on a trading method we've developed over the last 6 years - while working with traders and other trading quants. The Algo Builders are made to detect a convergence - and as such, will give a signal once a trend has been identified. They're not made to detect reversal but have been designed to give a signal when all sub-indicators are either ALL bullish (green) or ALL bearish (red). We provide a framework based on indicators we selected because they: 1. make sense to be used altogether 2. work on asset classes like INDEX, CRYPTO, STOCK OPTIONS, FOREX, COMMODITIES 3. it may expand your knowledge about what detecting a convergence with pre-selected indicator really means 4.2 Supports and Resistances The indicator displays the main algorithmic supports and resistances according to our trading method. I think they're relevant for all asset classes, but you're absolutely free to use any different supports/resistances logic if you want to. I'm not against it because I know that pivots, Fibonacci levels, etc. may work very well also. 4.3 Choose your favorite risk management algorithm 1/ Pre-defined Algo S/R method using: - a supertrend of the stop-loss - the nearest algorithmic resistances for the take profit levels. 2/ Define your own Stop-loss and Take-profits level in real-time Stop-Loss Management For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal. This is NOT a recommendation at all, only an example to explain how this feature works. - %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit - Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here - TP Trailing: This is a very awesome feature. The stop-loss is set 2% away when the trades start. When the TP1 is hit, the stop-loss will be moved to the Entry price (also called breakeven). When the TP2 is hit, the SL is moved to the previous TP1 position - Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units) Take Profits Management You can manage up to 2 take profit levels defined as a percentage or price value. The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price 4.4 Built-in Trade Manager This is very likely the most loved utility script that we shared on TradingView. It's included in your Algorithm Builder - Single Trend+, and will certainly help you immensely to analyze your charts and your trades. We made sure that all the graphical elements on the chart will be updated in real-time whenever our user change anything on the indicator configuration. You'll also be able to change the Trade Manager labels positions as you wish :) 4.5 Built-in Risk-to-Reward Panel The good stuff doesn't stop here. You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart. It displays for the selected trading algorithmic (see 2.3.2 above), a ton of useful real-time analytics. - Entry Price: the price when the Algorithm Builder will give a signal. - The Trade PnL in percentage. - Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price. - Entry TP1: Distance (in currency/units) between the entry price and the first take profit - Entry TP2: Distance (in currency/units) between the entry price and the second take profit - Risk/Reward TP1: Using the Stop-loss distance at entry, and Take Profit 1 at entry to compute the risk-to-reward ratio. - Risk/Reward TP2: Using the Stop-loss distance at entry, and Take Profit 2 at entry to compute the risk-to-reward ratio. For more details, please check the guides section of my website. Links are in my signature and profile status. 4.6 Built-in PnL real-time calculations YES!!!! you read it correctly The panel displays the risk-to-reward ratios but also the PnL (Profit and Loss in percentage value) of the current and last trade 4.7 Hard Exits Our trading method is known for the hard exits, also called invalidation. The Single Trend+ includes a hard exit based on a MACD - settings are flexible and you may update them. Having a stop-loss protecting your trade is a best practice - Protecting your stop-loss also from getting hit is incredible. We prefer invalidate a few positions, even if sometimes we don't want to. Rather than the market hard exiting on us, and leaving with our hard-working money. 4.8 Alerts Alerts are enabled for: - BUY/SELL MAIN triangles signals - BUY/SELL SECONDARY diamond signals - Trade Manager alerts (Stop Loss, Take Profit 1, Take Profit 2) - Hard Exits V. Pain points that we're trying to solve with our Algorithm Builders Issue #1 There are many informations / indicators / strategies / backtests / noise. Finding the right ones is not a simple task. Solution #1 A reliable system that removes the external noise is much needed in trading to stay "in the game". Issue #2 Trading could be quite stressful - The majority doesn't lose in trading because technical analysis is hard, but because managing our psychology is one of the hardest things a human can do. Solution #2 Some ways to reduce the "trading stress" could be: getting better quality signals and trading like a "machine". Forgetting about Twitter and trusting the system you designed. Issue #3 Trading without strict rules and only based on what we feel, or what we think the market should do is the fastest way to kiss our money goodbye. Only 1 indicator generally is not enough. Traders generally use a combination of several indicators but they're monitoring them individually. It's normal then to feel exhausted at the end of the day ^^ (to say the least)... and exhaustion leads to mistakes which leads to..... (I'm sure you got it) ... capital loss. Solution #3 As a trader, I needed a trading framework and a method. I offer our trading method but they're plenty others out there. We cannot claim obviously it's the best ever ....but let's say we're using those exact same scripts ourselves for our trading. And this what we've been recommending our clients to trade with for the past years. Also, having a tool detecting the convergence of several indicators and giving 1 unique signal for BUY/SELL position will save you a lot of time/energy, and perhaps might help you out getting better trading performance. VI. Resolving a complex puzzle and having fun in the process Trading has to stay a passion and not (only be) a source of intense stress. The most successful traders I know are "trading geeks" - literally always looking for optimizing, searching for the best possible entries, setups, indicators, tools, etc. For them, it's not even about the money anymore, but only about beating their previous performance. Why are they doing this? Because it's fun Might appears as a bold statement, but I guarantee that looking for setups is fun. One of our users even told us, that it's like playing with "Legos" and we couldn't possibly agree more. VII. Designing a system that "makes sense" Another bold statement now. Brace yourselves ladies and gentlemen The Algorithm Builders allow to design trading systems quickly. What could takes days/weeks/months to find out... might be now within your reach in less than a few hours. With a bit of practice, less than an hour might be enough per asset/timeframe to find a system that makes sense to you and adapted to your trading capital and psychology. Assuming our users read our guides and are fully committed to learning a new way of trading - then we do guarantee you'll be able to design kick-ass trading systems that make sense. "Making sense" doesn't mean at all it's guaranteed to win, it means you're the one defining the convergence of indicators, using your Algorithm Builder, and observe that most of the time - whenever there is a BUY signal, the candlesticks are going upwards - whenever there is a SELL signal, it's going downwards. This is a necessary step to make real progress from a trading analyst perspective - and hopefully could lead to profits. VII. Algorithm Builder versus the main trader enemy(=psychology) This indicator has the goal to help solving one of the MAIN issues encountered by traders. Most of traders realize, they can't perform with only 1 indicator (or 1 price pattern or 1 price action) and need a combination of multiple indicators before getting in a trade. Far from being a magic pill, if it could at least reduce the stress you have while trading, then we'll consider we made a great job - it's a technical "useless noise remover", and needs to be followed strictly. Such trust in a trading system can only be built by testing your Algorithm Builder configuration on either: 1. a demo account 2. or a live account with small bids. And then, increasing progressively the bids if your capital increases progressively. Though, you should still use your common sense. (for instance: if we get a BUY signal right on a big timeframe resistance we're hitting for the first time). I'm aware this is a new way of trading but for many, and while we cannot foresee the future, neither predict performance, we believe it might save you a lot of time to find good signals. My maximum level of happiness will be reached the day when our users will contact me and showing me setups being mine. I'm sure that even I can learn from my users and, we can all learn from each other Algorithm Builder configuration VIII. What is a wrong or bad configuration? Simply put. If you see that most of your signals react such as described below: 1. a buy triangle/diamond predicts, most of the time an upwards move 2. a sell triangle/diamond predicts, most of the time a downwards move 3. you estimated yourself the stop-loss needed to give enough room for your trades. 4. take profits based on algorithmic support and resistances or your own take profit method. So what's a good Algorithm Builder configuration? A configuration you're happy with and makes sense. A better Algorithm Builder setup is one used in demo or a live account w/ small bids for a few weeks, and you're consistent in your trading performance. If you have any doubt or question, please hit me up directly or ask in the comments section of this script. I'll never claim I have the best trading methodology or the best indicators. You only will be the judge, and I'll appreciate all the questions and feedback you're sending my way. They help me a ton to develop indicators based on all the requests I received. Kind regards, Dave
Pine Script® göstergesi
Daveatt tarafından
Algorithm Builder - Single Trend+Hello traders I. SCRIPTS ACCESS AND TRIALS 1. For the trial request access, they have to be done through my website . 2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :) 3. You may also contact me directly for more information II. Algorithm Builder - Single Trend+ 2.1 Concept That script is an upgrade of the Single Trend: The Algorithm Builder - Single Trend+ was made to detect the convergence (also called confluence) of many unrelated indicators, giving a BUY or SELL signal whenever all the selected sub-indicators are converging in the same direction. The Single Trend gives one single entry per identified trend - unlike the Multiple Trends editions (also available on my scripts page) which may give more than 1 entry per trend. The traders select the sub-indicators they want, and see in real-time the BUY and SELL triangles being updated. 2.2 Why the Algorithm Builder Single Trend may help you I worked with many traders during my career, and their feedback about trading is often pretty similar. They all tried a lot of complicated indicators, losing their capital, and finally getting back to the basics (even to the basic indicators if I might say) The art is finding a good combination of indicators and setting strict money/risk management rules. Easy in concept, but more than 90+% of traders lose money on the markets... which teach us that trading is not only about drawing trendlines, or using cool indicators but finding ways to ease our psychology while trading. 2.3 The Algorithm Builder trading framework The sub-indicators (full list on our website) weren't chosen randomly. They're based on a trading method we've developed over the last 6 years - while working with traders and other trading quants. The Algo Builders are made to detect a convergence - and as such, will give a signal once a trend has been identified. They're not made to detect reversal but have been designed to give a signal when all sub-indicators are either ALL bullish (green) or ALL bearish (red). We provide a framework based on indicators we selected because they: 1. make sense to be used altogether 2. work on asset classes like INDEX, CRYPTO, STOCK OPTIONS, FOREX, COMMODITIES 3. it may expand your knowledge about what detecting a convergence with pre-selected indicator really means 2.3.1 Supports and Resistances The indicator displays the main algorithmic supports and resistances according to our trading method. I think they're relevant for all asset classes, but you're absolutely free to use any different supports/resistances logic if you want to. I'm not against it because I know that pivots, Fibonacci levels, etc. may work very well also. 2.3.2 Choose your favorite risk management algorithm 1/ Pre-defined Algo S/R method using: - a supertrend of the stop-loss - the nearest algorithmic resistances for the take profit levels. 2/ Define your own Stop-loss and Take-profits level in real-time Stop-Loss Management For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal. This is NOT a recommendation at all, only an example to explain how this feature works. - %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit - Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here - TP Trailing: This is a very awesome feature. The stop-loss is set 2% away when the trades start. When the TP1 is hit, the stop-loss will be moved to the Entry price (also called breakeven). When the TP2 is hit, the SL is moved to the previous TP1 position - Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units) Take Profits Management You can manage up to 2 take profit levels defined as a percentage or price value. The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price 2.3.3 Built-in Trade Manager This is very likely the most loved utility script that we shared on TradingView. It's included in your Algorithm Builder - Single Trend+, and will certainly help you immensely to analyze your charts and your trades. We made sure that all the graphical elements on the chart will be updated in real-time whenever our user change anything on the indicator configuration. You'll also be able to change the Trade Manager labels positions as you wish :) 2.3.5 Built-in Risk-to-Reward Panel The good stuff doesn't stop here. You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart. It displays for the selected trading algorithmic (see 2.3.2 above), a ton of useful real-time analytics. - Entry Price: the price when the Algorithm Builder will give a signal. - The Trade PnL in percentage. - Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price. - Entry TP1: Distance (in currency/units) between the entry price and the first take profit - Entry TP2: Distance (in currency/units) between the entry price and the second take profit - Risk/Reward TP1: Using the Stop-loss distance at entry, and Take Profit 1 at entry to compute the risk-to-reward ratio. - Risk/Reward TP2: Using the Stop-loss distance at entry, and Take Profit 2 at entry to compute the risk-to-reward ratio. For more details, please check the guides section of my website. Links are in my signature and profile status. 2.3.6 Hard Exits Our trading method is known for the hard exits, also called invalidation. The Single Trend+ includes a hard exit based on a MACD - settings are flexible and you may update them. Having a stop-loss protecting your trade is a best practice - Protecting your stop-loss also from getting hit is incredible. We prefer invalidate a few positions, even if sometimes we don't want to. Rather than the market hard exiting on us, and leaving with our hard-working money. 2.3.7 Alerts Alerts are enabled for: - BUY/SELL triangles signals - Trade Manager (SL, TP1, TP2) - Hard Exits III. Pain points that we're trying to solve with our Algorithm Builders Issue #1 There are many informations / indicators / strategies / backtests / noise. Finding the right ones is not a simple task. Solution #1 A reliable system that removes the external noise is much needed in trading to stay "in the game". Issue #2 Trading could be quite stressful - The majority doesn't lose in trading because technical analysis is hard, but because managing our psychology is one of the hardest things a human can do. Solution #2 Some ways to reduce the "trading stress" could be: getting better quality signals and trading like a "machine". Forgetting about Twitter and trusting the system you designed. Issue #3 Trading without strict rules and only based on what we feel, or what we think the market should do is the fastest way to kiss our money goodbye. Only 1 indicator generally is not enough. Traders generally use a combination of several indicators but they're monitoring them individually. It's normal then to feel exhausted at the end of the day ^^ (to say the least)... and exhaustion leads to mistakes which leads to..... (I'm sure you got it) ... capital loss. Solution #3 As a trader, I needed a trading framework and a method. I offer our trading method but they're plenty others out there. We cannot claim obviously it's the best ever ....but let's say we're using those exact same scripts ourselves for our trading. And this what we've been recommending our clients to trade with for the past years. Also, having a tool detecting the convergence of several indicators and giving 1 unique signal for BUY/SELL position will save you a lot of time/energy, and perhaps might help you out getting better trading performance. IV. Resolving a complex puzzle and having fun in the process Trading has to stay a passion and not (only be) a source of intense stress. The most successful traders I know are "trading geeks" - literally always looking for optimizing, searching for the best possible entries, setups, indicators, tools, etc. For them, it's not even about the money anymore, but only about beating their previous performance. Why are they doing this? Because it's fun Might appears as a bold statement, but I guarantee that looking for setups is fun. One of our users even told us, that it's like playing with "Legos" and we couldn't possibly agree more. V. Designing a system that "makes sense" Another bold statement now. Brace yourselves ladies and gentlemen The Algorithm Builders allow to design trading systems quickly. What could takes days/weeks/months to find out... might be now within your reach in less than a few hours. With a bit of practice, less than an hour might be enough per asset/timeframe to find a system that makes sense to you and adapted to your trading capital and psychology. Assuming our users read our guides and are fully committed to learning a new way of trading - then we do guarantee you'll be able to design kick-ass trading systems that make sense. "Making sense" doesn't mean at all it's guaranteed to win, it means you're the one defining the convergence of indicators, using your Algorithm Builder, and observe that most of the time - whenever there is a BUY signal, the candlesticks are going upwards - whenever there is a SELL signal, it's going downwards. This is a necessary step to make real progress from a trading analyst perspective - and hopefully could lead to profits. VI. Algorithm Builder versus the main trader enemy(=psychology) This indicator has the goal to help solving one of the MAIN issues encountered by traders. Most of traders realize, they can't perform with only 1 indicator (or 1 price pattern or 1 price action) and need a combination of multiple indicators before getting in a trade. Far from being a magic pill, if it could at least reduce the stress you have while trading, then we'll consider we made a great job - it's a technical "useless noise remover", and needs to be followed strictly. Such trust in a trading system can only be built by testing your Algorithm Builder configuration on either: 1. a demo account 2. or a live account with small bids. And then, increasing progressively the bids if your capital increases progressively. Though, you should still use your common sense. (for instance: if we get a BUY signal right on a big timeframe resistance we're hitting for the first time). I'm aware this is a new way of trading but for many, and while we cannot foresee the future, neither predict performance, we believe it might save you a lot of time to find good signals. My maximum level of happiness will be reached the day when our users will contact me and showing me setups being mine. I'm sure that even I can learn from my users and, we can all learn from each other Algorithm Builder configuration VII. What is a wrong or bad configuration? Simply put. If you see that most of your signals react such as described below: 1. a buy triangle predicts, most of the time an upwards move 2. a sell triangle predicts, most of the time a downwards move 3. you estimated yourself the stop-loss needed to give enough room for your trades. 4. take profits based on algorithmic support and resistances or your own take profit method. So what's a good Algorithm Builder configuration? A configuration you're happy with and makes sense. A better Algorithm Builder setup is one used in demo or a live account w/ small bids for a few weeks, and you're consistent in your trading performance. If you have any doubt or question, please hit me up directly or ask in the comments section of this script. I'll never claim I have the best trading methodology or the best indicators. You only will be the judge, and I'll appreciate all the questions and feedback you're sending my way. They help me a ton to develop indicators based on all the requests I received. Kind regards, Dave
Pine Script® göstergesi
Daveatt tarafından
2
Daily RangeHey traders, at first thanks to the one and only Master Educator Stefan Kassing for sharing his legendary system with us! And also credit to Mortdiggiddy , RootDuk and PineCoders for helping me with the script =) This script is calculating the daily range (in pips) of the current market you are in, in relation to the last 70 days (10 weeks) . It is used for a possible Take Profit in Stefan Kassing's System . How to add the script to your chart: 1. Click " Add to Favorite Scripts " -> i.imgur.com 2. Go in the Chart & click the little arrow in the upper bar and then click " Daily Range ", then the Daily Range appears in the top left corner -> i.imgur.com To avoid errors make sure to right-click the Y-Axis on the right side of the chart and then left-click "Scale Price Chart Only" . -> i.imgur.com Also be aware that the daily range is only showing up , if you are in the daily time interval or below and you are not hovering with the cursor over the past candles respectively above or below them . If you are using this script in exotic currencypairs or uncommon other markets , the daily range can be incorrect or not showing up . So don't hesitate contacting me , then I will try to add the markets that you want to. To change the color or the decimal places of the number, you can click the gear in the upper left corner. -> i.imgur.com Happy Pips
Pine Script® göstergesi
AndreSolbach tarafından
30
Average True Range Take profit (ATR)Average True Range Take Profit An objective method of determining an initial Take Profit and Stop Loss, based on true market volatility and not arbitrary price levels. Take Profit Levels and Stop Loss Levels are calculated based on multiples of Average True Range Features & Functions Option to switch between long or short Default Value Take Profit 1 = 1x ATR. Take Profit 3 = 2x ATR. Take Profit 5 = 3x ATR. Stop Loss 2 = 1.5x ATR. Basline 13 exponential moving average (EMA) (2) Extra options ATR Take Profit 2 = 1,5x ATR. Take Profit 4 = 2,5x ATR. Take Profit 6 = 3,5x ATR. Take Profit 7 = 4x ATR. Take Profit 8 = 4,5x ATR. Take Profit 9 = 5x ATR. Stop Loss 1 = 1x ATR. Stop Loss 3 = 2x ATR. Extra options MA Simple moving average (SMA) (1) Weighted Moving Average (WMA) (3) Hull moving average (HMA) (4) Volume Weighted Moving Average (VWMA) (5) R moving average (RMA) (6) Triple exponential moving average (TEMA) (7)
Pine Script® göstergesi
Plextorlittlefield tarafından
10
ChopBot *modified* - by cryptotradingresource.com -This is my modified version of the original strategy by @yerb It has just a little tweak in it, but this already works out that you'll receive less signals. There is for sure more room to perfection but it looks accurate. Try it out on different timeframes, find the best on for your asset and enjoy trading! For included: Buy and Sell plots Alerts for signals (buy,sell, take profit, ema crossover/crossunder) Double EMA more to come. If you use this tool, let me know if u find some issues, or share your settings with results :) Some examples: LINKBTC 1D BTCUSD 1D RVNBTC 2D BNBBTC 1H THETABTC 6H Happy trading +++ use this tool on your own risk. i'm not responsible for your loses +++ ____________________________________________________________________________ BTC: 1GVRDK3HHr9CKM5SF2CGpCNXFuavB3L4j9 ETH: 0x7b825fa752b9926D3E8397cDb1d9E5473D074646 XMR: 41zL2SQS7zyZmwXKng2TeUWsMi5vMmkgSdDCjULUTvM6ichwm1E2ZDEYGt56zk9ghoM9bekhjycSwa8amtTcB2JiUet5jtg NEO: AXja5xPDhczfm2ujHyBfpkQAAnMsXsazmb ZEC: zcZzFkRx95cp7MtuW8wLhC5zz5RYF9QkT2uPPmhZZHc6ppXepHGgCSeAS1rtD6WFdqsM5p1gZm2gfirnrnviucsdP4aCpqU XLM: GAXUQJSW55C7MAC4GI26NZUGIKSHFDVFRFKZCXPLMPY4HCADSDT55XK6 WAVES: 3PCMkNpMHxSraTCkwV1ENcBKa9sXbVCGjQX BCH: qz57n04ud6mn42u00aymqkku8tfh0lk4jv9c28mjvv ____________________________________________________________________________ ++++ cryptotradingresource.com ++++ ____________________________________________________________________________
Pine Script® göstergesi
cryptomrdavis tarafından
5