Arithmetic Candlesticks (Zeiierman)█ Arithmetic Candlestick - Overview
Arithmetic Candlesticks (Zeiierman) introduce a new way to read charts by applying logical arithmetic to real price data. These candlesticks focus on filtering out noise and smoothing price movements using a bell-shaped curve, which helps to refine the data and highlight the true trend. This approach provides a clearer view of market trends, allowing traders to interpret price action more effectively with minimal lag and distraction.
⚪ What is Arithmetic Candlesticks
Arithmetic Candlesticks use a calculation method rooted in the idea that the market moves in patterns that can be identified and predicted by examining past price movements.
Analyzing momentum, price action, and trend patterns is useful for traders who want to quickly scan and identify price patterns, trends, and momentum in the market. The system searches for these patterns and trends to anticipate future price movements. Traders and investors can identify trends hidden in market noise, enabling them to uncover trading opportunities that might not be immediately obvious to the naked eye.
⚪ Eliminates price noise
The Arithmetic Candlestick noise filtering function is used to reduce price noise, which is the randomness in the price movement of an asset caused by market participants trading on a short-term basis. The idea behind the filter is that it eliminates the impact of short-term fluctuations in the price, thus providing a more accurate picture of the overall trend.
█ Capturing Trends with precise chart reading
Trend moves are some of the biggest moneymakers in trading; in fact, trading in the direction of the trend reduces risk and increases profit potential. Arithmetic Candlestick helps traders do just that.
In a fast-moving and volatile market characterized by high-frequency algorithms, retail traders have a hard time distinguishing the real trend from the noise. Arithmetic Candlesticks are designed to filter out the noise created by insignificant price moves and leave traders with the price action that matters, namely a clear and insightful chart reading. Due to its sophisticated mathematical calculations, Arithmetic Candlesticks are able to analyze any market and timeframe.
█ How to use Arithmetic Candlesticks
Arithmetic Candlesticks is an all-in-one trend and momentum tool that can be used stand-alone or in conjunction with other indicators. Its primary use is to provide a clear chart reading, easily identify trends, and help traders stay longer in trends.
The indicator includes excellent momentum features that offer insights into the current momentum and the strength of the price action. This provides traders with a unique chart experience that yields valuable insights. The indicator boasts numerous features, each of which can be used stand-alone or in combination with others. Read more about the features below.
These candles can be used in conjunction with other indicators such as support/resistance, trendlines, ICT trading, and other patterns.
█ Arithmetic Candlesticks features
The indicator comes with tons of great features that make the indicator into its own system that can be used stand-alone. You find everything from trend reading, entry/exit points, identifying momentum, and auto-stop loss.
⚪ Candle Modes:
Traders can select from three different types of arithmetic candle calculations and enable our volatility-adjusted filter for all of them. By default, the candles are set to Arithmetic candlesticks. However, depending on their trading preferences, users can select Arithmetic + Heikin Ashi Candles or Impulse + Wicks Candles.
The Heikin Ashi mode of the candlesticks makes the indicator smoother and more trend-friendly.
The Impulse + Wick mode of the candlesticks makes the indicator responsive to momentum. The length of the wicks represents the strength of the current momentum. The longer the wicks, the greater the momentum in the market.
If traders enable the Volatility Adjusted candles , the indicator becomes much more responsive to volatility moves, which is a way of making the candlesticks more responsive to significant price movements.
⚪ Trend coloring
Arithmetic candlesticks come in three different color modes: the default one, the gradient one, and the advanced trend coloring. Enable the Trend coloring if you want to engage in long-term trend trading. This filter does not change the arithmetic candlesticks, only the bar coloring.
⚪ Buy and Sell signals
To make trend trading easier to understand, we have included Buy/Sell signals. These signals are based both on the type of candlesticks selected and the type of coloring used. In addition, they come with three filters and are available in scalping and trend modes.
Candle Color Filter: A buy signal will only occur if the candlesticks are bullish, and a sell signal will only occur if the candlesticks are bearish.
Trend Tracker Filter: A buy signal will only occur if the Trend Tracker is bullish, and a sell signal will only occur if the Trend Tracker is bearish.
When both filters are applied, it means that both the candle color and the Trend Tracker should have the same sign in order to trigger a signal.
These filters are very effective and should be used when utilizing the signals.
Take Profit signals can be enabled to help traders know when to take profits.
Adaptive Stop Loss can be enabled for the signals, helping traders manage their risk.
⚪ Trend Tracker
The Trend Tracker line provides insights about the underlying trend. Adjust it if you want to engage in scalping, which makes the line much more responsive. Set the underlying speed of the trend to either Fast or Slow. This Trend Tracker works well in conjunction with Arithmetic Candlesticks and the associated signals.
⚪ Trend Sentiment
Enable Trend Sentiment to identify the levels at which the market is considered bullish or bearish. This feature helps you gauge the overall market direction, allowing you to align your trades with the prevailing trend. The Trend Sentiment also measures the strength of the trend, highlighting whether the current price action reflects a strong or weak trend. Adjust the sensitivity to determine how early or late you want to capture these trend signals.
⚪ Impulse
Enable Impulse Signals to understand when the market is making a significant move, often leading to a pullback or pause. These Impulse Signals can indicate the very start of a trend or serve as the first sign of a reversal. Enable 'Significant Impulses' if you only want to display the most significant market impulses.
█ How is Arithmetic Candlesticks Calculated?
⚪ Candlesticks
These candlesticks combine advanced smoothing techniques with price pattern recognition, giving traders a clearer view of market dynamics.
Adaptive Smoothing: The core of this smoothing approach is its ability to adjust dynamically based on market conditions. It reduces lag while staying responsive to price changes. This adaptive nature allows the candlesticks to follow the price action smoothly, minimizing the influence of short-term fluctuations. As a result, the trend is depicted with greater accuracy, helping traders to stay in tune with the market’s true direction.
Refined Smoothing with Weighted Averages: Another key component of the smoothing process involves applying a refined technique that uses a bell-shaped curve to weight price data. This method reduces the impact of outlier movements, resulting in a smoother, more continuous curve that accurately represents the market's central trend. This ensures that the candlesticks reflect a more balanced view of price action, focusing on the significant movements while filtering out unnecessary noise.
⚪ Trend Coloring
The Trend Coloring feature offers a powerful visualization tool that helps traders quickly identify the prevailing market trend and its strength. By analyzing market structure and the velocity of price movements, this feature provides a clear, dynamic view of the long-term trend direction.
Market Structure Analysis: The Trend Coloring is rooted in a thorough analysis of market structure, focusing on key price levels over time. By evaluating these levels, the system determines whether the market is in an uptrend, downtrend, or ranging phase. This information is then used to color the chart according to the current trend direction, providing a visual cue that makes it easier to align your trades with the broader market movement.
Velocity of Price Movements: . In addition to identifying the trend direction, the system also calculates the velocity of price movements. This involves assessing how quickly or slowly prices are advancing in a particular direction, offering deeper insight into the trend's strength and momentum. Faster price movements suggest a stronger trend, while slower movements may indicate a weakening or consolidating market. This dynamic approach ensures that the Trend Coloring not only highlights the trend but also reflects its intensity and potential sustainability.
⚪ Buy and Sell signals
The Buy/Sell signals are generated using a sophisticated approach that tracks key price action levels to determine market direction and momentum. This method constantly evaluates the relationship between the current price and dynamically adjusting levels that reflect the underlying market conditions. By staying in tune with the flow of the market, this approach effectively captures the onset of new trends while reducing the lag typically associated with traditional indicators.
Dynamic Price Action Levels: The signals are based on critical price action levels that adapt in real-time to market movements. These levels serve as flexible thresholds that help identify potential buy or sell opportunities. When the price interacts with these levels, it triggers signals that indicate possible entry or exit points, aligning your trades with the prevailing market direction.
Price Patterns: The algorithm also recognizes and integrates specific price patterns that are often precursors to significant market moves. By identifying these patterns, the system can anticipate changes in market direction more accurately, enabling earlier and more precise signals. This helps in capturing trend reversals or continuations effectively.
Momentum-Driven Adjustments: The system's price action levels are not static; they adjust dynamically in response to strong price movements. This ensures that the signals are not only timely but also in sync with the underlying market momentum, making the system highly effective in volatile conditions where quick decision-making is crucial.
⚪ Trend Tracker
The Trend Tracker utilizes the core principles of Arithmetic Candlesticks, including their sophisticated smoothing techniques and pattern recognition capabilities. By leveraging these features, the Trend Tracker effectively filters out market noise, allowing it to present a smooth and accurate representation of the current trend. This makes it easier to identify whether the market is trending upwards, downwards, or entering a period of consolidation.
Adaptive to Market Conditions: The Trend Tracker is not static; it dynamically adjusts as market conditions change. Whether the market is experiencing high volatility or moving through a quieter phase, the Trend Tracker remains responsive, continuously updating to reflect the most recent price action. This ensures that traders are always working with the most relevant information, making it easier to stay in sync with the market's true direction.
⚪ Trend Sentiment
Trend Sentiment analyzes key price levels and market structure to determine whether the current market sentiment is bullish or bearish. By examining the direction and momentum of price movements, it provides a straightforward view of the market's overall trend direction.
⚪ Impulse
Impulse monitors the market for sudden shifts in momentum, recognizing when the price is making a strong move that could lead to a trend continuation or a reversal. The feature is tuned to distinguish between regular market fluctuations and significant impulses. It focuses on the most meaningful price movements, ensuring that the signals you receive are relevant and actionable.
█ Important Note
Caution! Arithmetic candlesticks do not always reflect the actual price. Arithmetic uses smoothing and noise filtering to capture trends; hence, it might deviate from the actual close.
It's important to understand that Arithmetic Candlesticks are intended to provide a clearer picture of trend direction rather than exact price levels. Therefore, they should not be used as a substitute for actual market prices, especially in scenarios like backtesting or precise trade execution where exact price data is crucial. Instead, use Arithmetic Candlesticks as a tool for understanding trends and overall market direction, while relying on actual price data for decisions that require precise price points.
-----------------
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!
Trendstrategy
Fractal Breakout Trend Following StrategyOverview
The Fractal Breakout Trend Following Strategy is a trend-following system which utilizes the Willams Fractals and Alligator to execute the long trades on the fractal's breakouts which have a high probability to be the new uptrend phase beginning. This system also uses the normalized Average True Range indicator to filter trades after a large moves, because it's more likely to see the trend continuation after a consolidation period. Strategy can execute only long trades.
Unique Features
Trend and volatility filtering system: Strategy uses Williams Alligator to filter the counter-trend fractals breakouts and normalized Average True Range to avoid the trades after large moves, when volatility is high
Configurable Trading Periods: Users can tailor the strategy to specific market windows, adapting to different market conditions.
Flexible Risk Management: Users can choose the stop-loss percent (by default = 3%) for trades, but strategy also has the dynamic stop-loss level using down fractals.
Methodology
The strategy places stop order at the last valid fractal breakout level. Validity of this fractal is defined by the Williams Alligator indicator. If at the moment of time when price breaking the last fractal price is higher than Alligator's teeth line (8 period SMA shifted 5 bars in the future) this is a valid breakout. Moreover strategy has the additional volatility filtering system using normalized ATR. It calculates the average normalized ATR for last user-defined number of bars and if this value lower than the user-defined threshold value the long trade is executed.
When trade is opened, script places the stop loss at the price higher of two levels: user defined stop-loss from the position entry price or down fractal validation level. The down fractal is valid with the rule, opposite as the up fractal validation. Price shall break to the downside the last down fractal below the Willians Alligator's teeth line.
Strategy has no fixed take profit. Exit level changes with the down fractal validation level. If price is in strong uptrend trade is going to be active until last down fractal is not valid. Strategy closes trade when price hits the down fractal validation level.
Risk Management
The strategy employs a combined approach to risk management:
It allows positions to ride the trend as long as the price continues to move favorably, aiming to capture significant price movements. It features a user-defined stop-loss parameter to mitigate risks based on individual risk tolerance. By default, this stop-loss is set to a 3% drop from the entry point, but it can be adjusted according to the trader's preferences.
Justification of Methodology
This strategy leverages Williams Fractals to open long trade when price has broken the key resistance level to the upside. This resistance level is the last up fractal and is shall be broken above the Williams Alligator's teeth line to be qualified as the valid breakout according to this strategy. The Alligator filtering increases the probability to avoid the false breakouts against the current trend.
Moreover strategy has an additional filter using Average True Range(ATR) indicator. If average value of ATR for the last user-defined number of bars is lower than user-defined threshold strategy can open the long trade according to open trade condition above. The logic here is following: we want to open trades after period of price consolidation inside the range because before and after a big move price is more likely to be in sideways, but we need a trend move to have a profit.
Another one important feature is how the exit condition is defined. On the one hand, strategy has the user-defined stop-loss (3% below the entry price by default). It's made to give users the opportunity to restrict their losses according to their risk-tolerance. On the other hand, strategy utilizes the dynamic exit level which is defined by down fractal activation. If we assume the breaking up fractal is the beginning of the uptrend, breaking down fractal can be the start of downtrend phase. We don't want to be in long trade if there is a high probability of reversal to the downside. This approach helps to not keep open trade if trend is not developing and hold it if price continues going up.
Backtest Results
Operating window: Date range of backtests is 2023.01.01 - 2024.05.01. It is chosen to let the strategy to close all opened positions.
Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks.
Initial capital: 10000 USDT
Percent of capital used in every trade: 30%
Maximum Single Position Loss: -3.19%
Maximum Single Profit: +24.97%
Net Profit: +3036.90 USDT (+30.37%)
Total Trades: 83 (28.92% win rate)
Profit Factor: 1.953
Maximum Accumulated Loss: 963.98 USDT (-8.29%)
Average Profit per Trade: 36.59 USDT (+1.12%)
Average Trade Duration: 72 hours
These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters.
How to Use
Add the script to favorites for easy access.
Apply to the desired timeframe and chart (optimal performance observed on 4h and higher time frames and the BTC/USDT).
Configure settings using the dropdown choice list in the built-in menu.
Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}}
Disclaimer:
Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation
Market Scanner Pro - NAS100/S&P500 [FxScripts]***** OVERVIEW *****
Market Scanner Pro is both a multi-functional indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart.
The scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets. Each use advanced algorithms to gather information from multiple data points, distilled into one simplified view.
***** TREND SCANNER *****
The first indicator featured on the chart is the Trend Scanner, this allows you to track price action across the wider market. Instantly see pattern shifts and emerging trends; when the market moves, you move with it.
***** MOMENTUM SCANNER *****
The second is the Momentum Scanner which offers a realtime representation of momentum shifts as they occur. This allows you to monitor false breakouts and catch the moves that matter.
***** VOLUME SCANNER *****
The third is the Volume Scanner which provides unique insight into where buy and sell volume is being placed across the market. It offers a further way of determining entry and exit points or simply confirmation that a trend is underway.
***** HOW IT WORKS *****
1. The scanner surveys the market looking for strengths and weaknesses in Trend, Momentum or Volume.
2. It displays the underlying strength or weakness as a series of dots with up to 10 green dots showing strength and up to 10 red dots showing weakness.
3. Lighter colored dots are displayed where the strength of the trend, momentum or volume is lesser; if a dot is missing this is a sign of market neutrality.
4. All scanners have a sensitivity setting plus a volatility filter which can be adjusted according to your style of trading and the underlying instrument (full details below).
5. The background can be set to color-fill when the majority of dots are coloured either red or green, with higher values denoting greater strength or greater weakness.
6. Alerts can be configured in the same way as the background to provide both entry and exit signals (further details below).
***** INSTRUMENTS *****
Market Scanner Pro is made up of both a European and US indices scanner, both forming part of the same package.
European features the DAX40 and FTSE100; US (this scanner) features the NAS100 plus S&P500. The US scanner works on futures and options such as ES, NQ, QQQ, SPX and SPY.
***** SETTINGS OVERVIEW *****
The scanner features the following customizable settings:
~~ Trend Settings ~~
▶ Trend Filter - adjusting this will allow you to focus on short term trends (most suitable for scalping), medium or long term (best for swing trading).
▶ Countertrend Strength - increases the sensitivity of weaker vs stronger countertrends. As countertrends are trends that run against the main trend, this will assist in detecting the strength of a pullback or reversal and allow you to either hold, exit or reverse the trade with confidence.
~~ Momentum Settings ~~
▶ Momentum Filter - increase or decrease the sensitivity of the momentum scanner. Increase to avoid periods of low or weak momentum, decrease to highlight stronger surges in momentum.
~~ Volume Settings ~~
▶ Volume Filter - increase or decrease the sensitivity of the volume scanner. Increase to avoid periods where buy and sell volume can potentially cancel each other out.
~~ Volatility Settings ~~
▶ Volatility Offset - use this to fine tune the volatility filter. A higher value generally delays the volatility filter allowing for confirmation of stronger trends, a lower value will detect trend, momentum or volume movement sooner but may be less accurate.
▶ Each scanner has its own setting allowing you to adjust how you monitor the underlying volatility for each.
▶ As with all settings, we recommend adjusting this to your style of trading, instrument and timeframe.
~~ Alerts ~~
Alerts can be configured to send notifications when anything from 6-10 bullish or bearish dots are showing. Exit markers can be configured when anything from 2+ dots are revealed. This adds an extra layer of sensitivity for traders who appreciate complete control over their trade.
~~ Display Settings ~~
You have the ability to hide all colored dots and only show the background or, alternatively, hide the background and only show colored dots.
***** TRIAL PERIOD *****
We offer a FREE, no questions asked, 7-day trial with every new registration. Visit the link below to register.
Market Scanner Pro - DAX/FTSE [FxScripts]***** OVERVIEW *****
Market Scanner Pro is both a multi-functional indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart.
The scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets. Each use advanced algorithms to gather information from multiple data points, distilled into one simplified view.
***** TREND SCANNER *****
The first indicator featured on the chart is the Trend Scanner, this allows you to track price action across the wider market. Instantly see pattern shifts and emerging trends; when the market moves, you move with it.
***** MOMENTUM SCANNER *****
The second is the Momentum Scanner which offers a realtime representation of momentum shifts as they occur. This allows you to monitor false breakouts and catch the moves that matter.
***** VOLUME SCANNER *****
The third is the Volume Scanner which provides unique insight into where buy and sell volume is being placed across the market. It offers a further way of determining entry and exit points or simply confirmation that a trend is underway.
***** HOW IT WORKS *****
1. The scanner surveys the market looking for strengths and weaknesses in Trend, Momentum or Volume.
2. It displays the underlying strength or weakness as a series of dots with up to 10 green dots showing strength and up to 10 red dots showing weakness.
3. Lighter colored dots are displayed where the strength of the trend, momentum or volume is lesser; if a dot is missing this is a sign of market neutrality.
4. All scanners have a sensitivity setting plus a volatility filter which can be adjusted according to your style of trading and the underlying instrument (full details below).
5. The background can be set to color-fill when the majority of dots are coloured either red or green, with higher values denoting greater strength or greater weakness.
6. Alerts can be configured in the same way as the background to provide both entry and exit signals (further details below).
***** INSTRUMENTS *****
Market Scanner Pro is made up of both a European and US indices scanner, both forming part of the same package.
European (this scanner) features the DAX40 and FTSE100; US features the NAS100 plus S&P500. The US scanner works on futures and options such as ES, NQ, QQQ, SPX and SPY.
***** SETTINGS OVERVIEW *****
The scanner features the following customizable settings:
~~ Trend Settings ~~
▶ Trend Filter - adjusting this will allow you to focus on short term trends (most suitable for scalping), medium or long term (best for swing trading).
▶ Countertrend Strength - increases the sensitivity of weaker vs stronger countertrends. As countertrends are trends that run against the main trend, this will assist in detecting the strength of a pullback or reversal and allow you to either hold, exit or reverse the trade with confidence.
~~ Momentum Settings ~~
▶ Momentum Filter - increase or decrease the sensitivity of the momentum scanner. Increase to avoid periods of low or weak momentum, decrease to highlight stronger surges in momentum.
~~ Volume Settings ~~
▶ Volume Filter - increase or decrease the sensitivity of the volume scanner. Increase to avoid periods where buy and sell volume can potentially cancel each other out.
~~ Volatility Settings ~~
▶ Volatility Offset - use this to fine tune the volatility filter. A higher value generally delays the volatility filter allowing for confirmation of stronger trends, a lower value will detect trend, momentum or volume movement sooner but may be less accurate.
▶ Each scanner has its own setting allowing you to adjust how you monitor the underlying volatility for each.
▶ As with all settings, we recommend adjusting this to your style of trading, instrument and timeframe.
~~ Alerts ~~
Alerts can be configured to send notifications when anything from 6-10 bullish or bearish dots are showing. Exit markers can be configured when anything from 2+ dots are revealed. This adds an extra layer of sensitivity for traders who appreciate complete control over their trade.
~~ Display Settings ~~
You have the ability to hide all colored dots and only show the background or, alternatively, hide the background and only show colored dots.
***** TRIAL PERIOD *****
We offer a FREE, no questions asked, 7-day trial with every new registration. Visit the link below to register.
Gold & Silver Scanner Pro [FxScripts]***** FEATURES *****
Gold & Silver Scanner Pro is both a multi-functional indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart.
The scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets. Each use advanced algorithms to gather information from multiple data points, distilled into one simplified view.
***** TREND SCANNER *****
The first indicator featured on the chart is the Trend Scanner, this allows you to track price action across the wider market. Instantly see pattern shifts and emerging trends; when the market moves, you move with it.
***** MOMENTUM SCANNER *****
The second is the Momentum Scanner which offers a realtime representation of momentum shifts as they occur. This allows you to monitor false breakouts and catch the moves that matter.
***** VOLUME SCANNER *****
The third is the Volume Scanner which provides unique insight into where buy and sell volume is being placed across the market. It offers a further way of determining entry and exit points or simply confirmation that a trend is underway.
***** HOW IT WORKS *****
1. The scanner surveys the market looking for strengths and weaknesses in Trend, Momentum or Volume.
2. It displays the underlying strength or weakness as a series of dots with up to nine green dots showing strength and up to nine red dots showing weakness (nine data points in total).
3. Lighter colored dots are displayed where the strength of the trend, momentum or volume is lesser; if a dot is missing this is a sign of market neutrality.
4. All scanners have a sensitivity setting plus a volatility filter which can be adjusted according to your style of trading and the underlying instrument (full details below).
5. The background can be set to color-fill when the majority of dots are coloured either red or green, with higher values denoting greater strength or greater weakness.
6. Alerts can be configured in the same way as the background to provide both entry and exit signals (further details below).
***** INSTRUMENTS *****
Gold & Silver Scanner Pro works effortlessly with any of the XAG and XAU major or minor crosses:
XAGAUD, XAGCHF, XAGEUR, XAGGBP, XAGJPY, XAGUSD, XAUAUD, XAUCHF, XAUEUR, XAUGBP, XAUJPY, XAUUSD
Plus the following gold and silver futures:
GC, SI
***** SETTINGS OVERVIEW *****
The scanner features the following customizable settings:
~~ Trend Settings ~~
▶ Trend Filter - adjusting this will allow you to focus on short term trends (most suitable for scalping), medium or long term (best for swing trading).
▶ Countertrend Strength - increases the sensitivity of weaker vs stronger countertrends. As countertrends are trends that run against the main trend, this will assist in detecting the strength of a pullback or reversal and allow you to either hold, exit or reverse the trade with confidence.
~~ Momentum Settings ~~
▶ Momentum Filter - increase or decrease the sensitivity of the momentum scanner. Increase to avoid periods of low or weak momentum, decrease to highlight stronger surges in momentum.
~~ Volume Settings ~~
▶ Volume Filter - increase or decrease the sensitivity of the volume scanner. Increase to avoid periods where buy and sell volume can potentially cancel each other out.
~~ Volatility Settings ~~
▶ Volatility Offset - use this to fine tune the volatility filter. A higher value generally delays the volatility filter allowing for confirmation of stronger trends, a lower value will detect trend, momentum or volume movement sooner but may be less accurate.
▶ Each scanner has its own setting allowing you to adjust how you monitor the underlying volatility for each.
▶ As with all settings, we recommend adjusting this to your style of trading, instrument and timeframe.
~~ Alerts ~~
Alerts can be configured to send notifications when anything from 5-9 bullish or bearish dots are showing. Exit markers can be configured when anything from 2+ dots are revealed. This adds an extra layer of sensitivity for traders who appreciate complete control over their trade.
~~ Display Settings ~~
You have the ability to hide all colored dots and only show the background or, alternatively, hide the background and only show colored dots.
***** TRIAL PERIOD *****
We offer a FREE, no questions asked, 7-day trial with every new registration. Visit the link below to register.
Crypto Scanner Pro [FxScripts]***** FEATURES *****
Crypto Scanner Pro is both an indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart.
Each scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets.
They each use advanced algorithms to gather information from multiple data points, distilled into one simplified view.
***** TREND SCANNER *****
The Trend Scanner allows you to track price action across the wider market. Instantly see pattern shifts and emerging trends; when the market moves, you can move with it.
***** MOMENTUM SCANNER *****
The Momentum Scanner offers realtime insights into momentum shifts as they occur. This allows you to monitor false breakouts and catch the moves that matter.
***** VOLUME SCANNER *****
The Volume Scanner provides unique indications into where buy and sell volume is being placed. It offers a further way of determining entry and exit points or simply confirmation that a trend is underway.
***** INSTRUMENTS *****
Crypto Scanner Pro works effortlessly with the following large cap coins:
Avalanche, Bitcoin Cash, Bitcoin, BITO, BNB, Cardano, Chainlink, Dogecoin, Ethereum, Litecoin, Polkadot, Polygon, Shiba Inu, Solana, Stellar, Toncoin, XRP (Ripple) *
***** SETTINGS OVERVIEW *****
The scanner features the following customizable settings:
~~ Trend Settings ~~
Trend Filter - adjusting this will allow you to focus on short term trends (most suitable for scalping), medium or long term (best for swing trading).
Countertrend Strength - increases the sensitivity of weaker vs stronger countertrends. As countertrends are trends that run against the main trend, this will assist in detecting the strength of a pullback or reversal and allow you to either hold, exit or reverse the trade with confidence.
~~ Momentum Settings ~~
Momentum Filter - increase or decrease the sensitivity of the momentum scanner. Increase to avoid periods of low or weak momentum, decrease to highlight stronger surges in momentum.
~~ Volume Settings ~~
Volume Filter - increase or decrease the sensitivity of the volume scanner. Increase to avoid periods where buy and sell volume can potentially cancel each other out.
~~ Volatility Settings ~~
Volatility Offset - use this to fine tune the volatility filter. A higher value generally delays the volatility filter allowing for confirmation of stronger trends, a lower value will detect trend, momentum or volume movement sooner but may be less accurate.
Each scanner has its own setting allowing you to adjust how you monitor the underlying volatility for each.
As with all settings, we recommend adjusting this to your style of trading, instrument and timeframe.
~~ Alerts ~~
Alerts can be configured to send notifications when anything from 6-10 bullish or bearish dots are showing. Exit markers can be configured when anything from 2+ dots are revealed. This adds an extra layer of sensitivity for traders who appreciate complete control over their trade.
~~ Display Settings ~~
You have the ability to hide all colored dots and only show the background or, alternatively, hide the background and only show colored dots.
***** TRIAL PERIOD *****
We offer a FREE, no questions asked, 7-day trial with every new registration. Visit the link below to register.
* list subject to change as coins increase or decrease in popularity
SuperTrend Enhanced Pivot Reversal - Strategy [PresentTrading]
- Introduction and How it is Different
The SuperTrend Enhanced Pivot Reversal is a unique approach to trading that combines the best of two worlds: the precision of pivot reversal points and the trend-following power of the SuperTrend indicator. This strategy is designed to provide traders with clear entry and exit points, while also filtering out potentially false signals using the SuperTrend indicator.
BTCUSDT 6hr
ETHBTC 6hr
Unlike traditional pivot reversal strategies, this approach uses the SuperTrend indicator as a filter. This means that it only takes trades that align with the overall trend, as determined by the SuperTrend indicator. This can help to reduce the number of false signals and improve the overall profitability of the strategy.
The Pivot Reversal Strategy with SuperTrend Filter is particularly well-suited to the cryptocurrency market for the reason of High Volatility. This means that prices can change rapidly in a very short time, making it possible to make a profit quickly. The strategy's use of pivot points allows traders to take advantage of these rapid price changes by identifying potential reversal points
- Strategy: How it Works
The strategy works by identifying pivot reversal points, which are points in the price chart where the price is likely to reverse. These points are identified using a combination of the ta.pivothigh and ta.pivotlow functions, which find the highest and lowest points in the price chart over a certain period.
Once a pivot reversal point is identified, the strategy checks the direction of the SuperTrend indicator. If the SuperTrend is positive (indicating an uptrend), the strategy will only take long trades. If the SuperTrend is negative (indicating a downtrend), the strategy will only take short trades.
The strategy also includes a stop loss level, which is set as a percentage of the entry price. This helps to limit potential losses if the price moves in the opposite direction to the trade.
- Trade Direction
The trade direction can be set to "Long", "Short", or "Both". This allows the trader to choose whether they want to take only long trades (buying low and selling high), only short trades (selling high and buying low), or both. This can be useful depending on the trader's view of the market and their risk tolerance.
- Usage
To use the Pivot Reversal Strategy with SuperTrend Filter, simply input the desired parameters into the script and apply it to the price chart of the asset you wish to trade. The strategy will then identify potential trade entry and exit points, which will be displayed on the price chart.
- Default Settings
The default settings for the strategy are as follows:
ATR Length: 5
Factor: 2.618
Trade Direction: Both
Stop Loss Level: 20%
Commission: 0.1%
Slippage: 1
Currency: USD
Each trade: 10% of account equity
Initial capital: $10,000
These settings can be adjusted to suit the trader's preferences and risk tolerance. Always remember to test any changes to the settings using historical data before applying them to live trades.
Trend Tracer [Cloud] (Expo)█ Overview
The Trend Tracer (Expo) indicator identifies and predicts the future market direction. The cloud is designed to make it easier to see when a market is trending in one direction or another and to help traders identify potential entry and exit points, as well as trend changes. It is a visual representation of the price's momentum, price action, and volatility by using the trend range in a cloud-like pattern. The bigger the cloud, the more momentum the price has.
█ How is the trend tracer cloud calculated?
The primary function used in the code is an extension of traditional single-smoothed moving averages, using a more sophisticated weighting system to reduce the effect of short-term fluctuations and provide a clearer view of the underlying trend. Using this function, we get a unique leading trend tracer while maintaining a robust long-term trend tracer. This allows for more accurate trending signals and helps reduce the amount of noise in the data.
█ Trend Cloud Trading
Trend Cloud Trading is a type of trading based on technical analysis that uses a tool called a trend cloud. A trend cloud is a graphical representation of how a certain asset or instrument is trending over a specific period of time. The trend cloud will highlight areas where there is high volatility, low volatility, and the current trend direction and its strength.
█ How to use
One way of using the indicator is to look for a "cloud break," which is when the cloud turns from red to green (or vice versa) and indicates a change in the trend.
S/R Levels
The Trend Tracer Cloud can be used to find support in a bullish trend and resistance in a bearish trend. If the cloud is sloping downwards in a bearish trend, traders can look for potential resistance levels at the highs of the cloud. Similarly, if the cloud is sloping upwards in a bullish trend, traders can look for potential support levels at the lows of the cloud.
Volatility
The width of the cloud is used to determine if there is high or low volatility.
Strength
The deviation between the leading trend advisor line and the price determines whether a trend is strong or weak. The larger the deviation, the stronger the trend move.
█ Indicator Features
Trend Cloud
It highlights the trending range, current volatility, and trend direction.
Trend Advisor - leading and trending + cloud
The leading trend advisor highlights the short-term trend strength and momentum, while the trending trend advisor highlights the underlying long-term trend.
Trend Tracker
The Trend Tracker is a fast-moving trend-following line that combines long-term and short-term trend characteristics.
Trend Candlesticks
The Bar coloring uses momentum to highlight the current trend direction.
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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!
Trend Analysis [Ultimate] (Expo)█ Overview
We have developed a Trend Analysis Indicator with many great functionalities that help traders to:
Identify when a confirmed trend starts and ends.
Identify pullbacks within trends.
Identify the current trend direction and potential trend shifts.
The indicator differentiates between different trend characteristics to measure the current trend stage. Everything is identified in real-time and without repainting.
█ How is the trend characteristic calculated?
This Trend Analysis Indicator uses different calculations method, such as Fibonacci ratios, price retracements, cycles, and volatility measures, to calculate the trend characteristic. These values are used in an EWMA* function (similar to RMA). This function is used to smooth out the noise in data sets and to better identify cyclic patterns in the data. This function works by giving greater weight to more recent data points and less weight to older data points. This allows it to better identify and track trends in the data. The indicator is a valuable and useful tool for market analysis and can be used to evaluate the strength, direction, and characteristics of trends in a market.
█ Trend Trading
Identifying the trend in trading is important because it helps traders to understand the direction in which the market is moving. Knowing the trend allows traders to develop more accurate trading strategies. Entering into a confirmed trend reduces your risk and increases the profit potential. However, knowing when to exit a trending market can be even harder. That is why we have developed this indicator that will notify you when the trend move is about to end.
The key to success in trend trading lies in being able to recognize the beginning and end of a trend, as well as being able to spot pullbacks within an established trend. This trend indicator is a valuable tool to get insights into the current trend characteristic, which helps traders to spot new trends and pullbacks.
█ How to use
Trend
This indicator should be used with trend analysis! Combine the indicators' insights with trend lines , channels, market structure, etc., to better understand the current trend structure.
This indicator is about confirming a trend and understanding when a trend might start and end.
Use this indicator to confirm and gain insights about trend structure.
Trend Change
The indicator comes with a background and bar coloring that detects the current trend and displays when the trend has a higher likelihood of changing.
Pullback
Pullback traders will find this indicator very useful to confirm and find pullbacks within trends.
█ Indicator Features
This Trend Analysis indicator has many valuable features for trend trading :
Start & End of the Trend Feature:
First, the default settings display a green and red histogram, which we call; (Start/End of Trend). This feature identifies when a confirmed trend is about to start/end and finds pullbacks within the trend.
Confirmed Trend:
Enable the confirmed trend if you want to display a green and red histogram when the trend is confirmed. When this histogram peaks, traders know that a momentum move in the trend direction is completed. This is a sign that the trend is strong. However, after such a move, a retracement is likely to happen. Use these peaks to take partial profits and to prepare to enter into the trend on the pullback that is likely to come.
Bar Coloring:
Bar coloring shows the direction of the trend and identifies areas where the trend has a higher probability of changing direction. When the bar coloring becomes white, traders know that the current price action within the trend has a characteristic of that there is a higher likelihood of a trend change. Use this insight to prepare for a potential trend change.
Background Coloring:
The background coloring is displayed when a strong trend is detected.
*EWMA stands for Exponentially Weighted Moving Average. It is a type of time series forecasting method that assigns greater weight to recent observations in a time series data set. It is a way of smoothing out the data to remove the noise and make it easier to identify patterns and trends.
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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!
Pivot Expotential Moving AveragesPivot MA's indicator is a combination of the following:
Pivot SMA
Pivot EMA's
Pullback to EMA Band
Pivot EMA's Cross Over
Pivot Double-EMA's Cross Over
Modified Pivot EMA's Cross Over
All the pivot EMA’s calculations are based on "Profiting With Pivot-Based Moving Averages" book by Frank Ochoa.
How to use it :-
One should have to refer this book for in depth usage of this indicator.
You can use the option's provided in the indicator and the signals have been generated according to the concept in this book.
Don't turn on multiple option's, it becomes clumsy to look.
Description:-
1. Pullback to PEMA Band:-
Perhaps the most trader-friendly PEMA setup is the PEMA Pull-Back, because it forces you to trade in the direction of an established trend.
In this, u get the signal when the price retraces to 13 EMA and closes above the PEMA Band.
It is like Buy the Dips & Sell the Rips. The idea of the PEMA Pull-Back is to buy the market at a discount during an uptrend, and sell the market at a premium during a down trend.
2. PEMA Cross Over :-
The PEMA Crossover fires a signal when the fast EMA crosses the slow EMA.
If the fast EMA crosses above the slow EMA, a long signal is fired; whereas, if the fast EMA crosses below the slow EMA, a short signal is fired.
Depending on your trader personality, you will have to choose the periodicities of the two moving averages to suit your taste.
Some combination of EMA's are provided.
3. Double EMA Cross Over :-
A double exponential moving average (DEMA) is basically the EMA of an EMA, meaning the output is the second derivative of the original exponential moving average.
While an EMA is a faster moving average than the SMA, the DEMA is on another level in terms of speed.
4. Modified PEMA Cross Over :-
This system is an ultra-fast PEMA crossover signal that has built-in trend confirmation.
The Modified PEMA Crossover system fires signals in the direction of the prevailing trend, as measured by a larger moving average.
For Example, Take (1,3),21 combination. In this we use 1- and 3-period pivot EMA’s for crossovers, and use a 21-period pivot EMA for trend confirmation.
1 and 3 period EMA's are not shown in the chart, Only 21 EMA and signals are shown for clear view.
Therefore, this system will only allow bullish crossover signals to fire when price is above the 21-period pivot EMA, and will only allow bearish crossover signals to fire when price is below the 21-period average.
In essence, the results are usually highly qualified “buy the dip, and sell rip” type of opportunities.
Disclaimer :-
The PEMA setups that are covered in this indicator offer some of the ways to approach the market using moving averages.
Not all setups and styles of trading will fit all traders, no matter how profitable the approach.
You must use what fits your trader profile and your trading approach.
Thank You ..
Keltner Channel - Trend Based StrategyThis strategy is based on 3 main indicators.
1st indicator is a trend indicator, which consists of SMA and EMA
2nd is Keltner Channel
3rd is DM indicator.
The conditions for the entry of this strategy are following:
First of all the assets need to be in an upward trend, this will occur when the EMA will cross SMA. The next condition for the entry is the opening and the closure of the candle. The open price of the candle should be in the upper part of the Keltner Channel and the close price should be above the Keltner channel. The third condition for the DM indicator is to be above a certain benchmakr. This benchmark can be set in the settings of the strategy.
The strategy has two potential Take Profit levels and single stop-loss levels. For the more efficient way you may try an use the trailing stop or extend the number of take-profit levels.
Multi TimeFrame (MTF) Trend StrengthCalculate and display simple multi timeframe (3 timeframe) trend strength using heikin ashi.
Confirmation (Expo)
Confirmation (Expo) is a trading confirmation tool that can confirm any indicator, trend, setup, signal, or strategy. Once you have chosen the input source (any indicator) you can use the tool to confirm the trend, trend strength, overbought/oversold areas, retracements, and reversals. This tool is built for traders that already have a strategy or preferred indicator that they want to confirm. As a default, the indicator oscillates between overbought (or strong positive trend)/oversold (or strong negative trend). However, depending on the settings and input source many different layouts can occur.
Real-Time Alerts
No Repainting
Works on any market and in any timeframe
HOW TO USE
To confirm any indicator, trend, setup, signal, or strategy
INDICATOR IN ACTION
4 hour - chart
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 continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/strategies/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 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, 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/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
MACD Strategy with trailing ATR stopThis is a trend based strategy that uses EMA and SMA intersection for determining the direction of the trend and MACD for the entry signal. At the same time, the strategy uses ATR, which is working as a trailing stop.
The strategy entry will work when the Trend ribbon will turn green and MACD line will crossover the signal line. This strategy also takes into account the pyramiding and allows to enter the second time if the signal will repeat itself.
There are 3 exit points. The first 10% of the position will be closed when the price will increase by 1%. The second portion of 50% will be closed when the price reaches 5% Take profit target. The remaining 40 % of the position will wait for the exit signal which will occur when the price closes below the ATR line.
The strategy is using a fixed amount in dollars, each time the entry occurs the strategy will enter with 100$ in the order.
The strategy can be applied to other crypto assets. However, they will require input changes.
Best of luck with your trading.
Simple Tops/Bottoms, [JackT]A percentage (pyramid) script for BTC/USD, Daily.
Breakdown
The script is following one simple rule:
- Percentage orders based on volume
This is a pyramid setup based on volume but I am handling each order manually which makes it a custom pyramid strategy.
Instead of doing 100% portfolio sell/buy orders this script focuses on the momentum of volume and calculates a percentage of the portfolio that should be traded.
The percentage rises with the level of continuous orders with the same type. This means that if a second sell order is emitted before any buy order the percentage to sell is gradually increased to be higher than the previous sell order. And vise verca with buy orders.
The calculation is exponential rising but it also makes sure that the trade rarely reaches 100%. This enables the script to stay in the market on almost all opportunties given by the indicators.
How to use
The script is created from 3 indicators including Lucid SAR which helps to indicate the major trend.
It is possible to change the settings of the script in order to change the outcome. The settings is fitted to work with BTC/USD and the same settings works somewhat okay with ETH/USD aswell. Though I would recommend to fit the settings to work better with other pairs.
As mentioned, the script focuses on volume , which mean that it works better with major coins.
Enjoy the script and please let me know your thoughts!
//JackT
Global Market Signals: Is the Trend Your Friend? AlgorithmWelcome!
This is a fully customizable strategy to help generate great trade signals as well as provide basic analysis on any market of your choice. All the trades occur at the open of a candle.
Settings:
1. Long or Short
2. Look back length
3. New Highs or New Lows?
4. Trade Duration
5. Trend SMA Length
6. Above or Below Trend SMA
Example:
Using a Daily SPY chart.
The Default Settings are:
1. Long
2. 10
3. New Lows
4. 5
5. 200
6. Above
What this means is that you will be going long when there is a new 10 day lowest close, you'll hold the trade for 5 days, and the trades only occur above the 200 day simple moving average.
**When you test your settings, make sure that in the Properties tab, you have the "Order Size" set at 100 and in the drop down menu to the right, make sure "% of equity" is selected.**
JackTrendChaser V3Hi everyone! I am so thrilled to announce this!
>> LIMITED TIME OFFER, read below! <<
My name is Jack and I have been trading trends using TA on Forex for 10 years now and have within the past two years been trading Bitcoin and other cryptocurrencies.
I am a part time trader and developer. On a daily basis I work as a software developer creating various algorythms for big data usage - such as machine learning etc. and I have found a passion in creating scripts to predict major trend moves. Which is why I would like to share this script (strategy) with you all!
Looking at the stats it looks amazing! 100% profitability - who doesn't want that?! But that doesn't mean it cannot be improved - I am daily looking into how I can improve this to become even more profitable.
Currently the script have been tested with BTC and ETH:
BTC = 100% profitability and 9 trades since 2016
ETH = 83% profitability and 6 trades since 2016 with a drawdown of $5.
Now - 9 and 6 trades since 2016 isn't many trades but it suites my way of trading perfectly! I aim for the major trends and try to hit the pullbacks as soon as possible.
You can use this script alone or with other complimenting indicators. I like to draw some support and resistance levels for even further verification.
TRIAL OFFER:
Everyone is offered a 15 days trail.
Let me know in the comments if you would like a trail. Please do not PM me for trails.
>> LIMITED TIME OFFER <<
Since this is my first script to publish on TradingView I am offering the FIRST 10 traders a LIFETIME access to the script for a very small price! After that everyone else will be able to buy acces for 1m, 6m, 1y or lifetime (but at a higher price).
So how do you become one of the first 10?! Simpel - just PM me for the details.
I will update this post when the first 10 has been chosen.
>> OBS: I might be away from TradingView up to 24hours at a time because of my job - but don't panic! I will keep track of every message and get back to everyone as soon as possible!
Best regards
Jack
Complete turtles strategy based on the donchian channelsDear Traders and investor,
I want to demonstrate scrypt of the iconic "trend following strategy" coded by my
The main idea was borrowed from the book "Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary". The strategy is based on the donchian channels and is one of the oldest and easiest strategy in the using. Also strategy include risk managment and trends filter which prevent false entries and high drawndowns. The results are based on the period from 2006 to present, but you can also change timeframe and period of backtesting.
Best regards,
Vlad
S&P 500 Benchmark Strategy
This strategy is a Benchmark Trend trading strategy. I used it primarily to measure my private algorithms against. It works on a variety of instruments at intervals between 1m and 1d (you'll have to play with some of the ranged variables in these cases). It was primarily designed to trade the 15 minute interval on SPX derived products. S&P E-Mini contract featured above.
It hits what I consider to be key targets when developing an algo:
1. Avg Trade is above $50
2. Profit Factor is above 1.2 (preferably above 1.5)
3. Has a relatively small draw-down
4. Is able to be traded both long and short
Notes/Options:
Can trade within market hours (default), outside market hours (with open inside), or anytime
Can adjust lengths for trend calculations
Algo tries its best to avoid fake-outs by using a volume component, this means that it misses 'slow rises' sometimes
By default it tries to only enter trades between 0930 and 1600. If the trade has left the station, it will wait for the next setup.
Stop loss level has a big impact on performance per instrument - default is 20 ticks but this has to be changed per instrument (I plan on updating this with code to auto-magically generate appropriate stop levels
As a Trend Following algorithm, it is vulnerable to chop zones but has been particularly resilient over the past few months when traded at 15m or 1h intervals. It is designed to trade against the 'current' market that has more frequent whipsaws. When used over generic bull market periods, it fails due to the high number of failed short trades and trimmed long trades. It works in a medium/high volatility environment.
