BitcoinSwingTrader 1-5-15minThis script can be used on various trading pairs and assets, including BTC/USDT, it has been observed to perform better on BTCUSDT due to its unique price behavior and volatility. The indicator is designed to identify potential support and resistance levels and generate buy or sell signals based on the relationship between price and a weighted average middle line, which is particularly effective on BTCUSDT. However, traders should exercise caution and consider additional factors such as market trends, news events, and risk management strategies when making trading decisions.
Volatilite
VIX Futures Spread StrategyThis script was an exercise in learning Pinescript and exploring the futures curve of the VIX in relation to SPY. Was deleted by TV, trying to republish it now with updated parameters for slippage and commission and a more detailed description.
"VIX Futures Spread Strategy" is a trading strategy that capitalizes on the spread between the 3-month VIX futures (VIX3M) and the spot VIX index. This strategy is based on the idea that the VIX futures spread can serve as a contrarian indicator of market sentiment, with extreme negative spreads potentially signaling oversold conditions and opportunities for long positions.
Ordinarily the VIX curve is in contango as futures contracts are priced at a premium to the current spot price and are used to hedge future uncertainty in the market. When the spot price of VIX spikes the curve can invert and enter backwardation; this strategy detects this condition and uses it as a trigger to open a long position in SPY. The spread going negative tends to correlate with excessive fear and uncertainty in the short term while expecting lower volatility in the long term, in this case 3 months out.
The strategy is designed to enter a long position when the VIX futures spread is negative and to exit the position when the spread rises above 3 -- when the curve is in contango again. The strategy employs a pyramiding approach, allowing up to 10 additional orders to be placed while the entry condition is met, with each order consisting of 10 contracts. This approach aims to maximize potential profits during periods of favorable market conditions.
In this strategy, the VIX futures spread is calculated as the difference between the 3-month VIX futures (VIX3M) and the spot VIX index. The spread is plotted as a histogram on the chart, with the zero line representing no spread, and horizontal lines at 0 and 3 indicating the entry and exit thresholds, respectively.
The strategy's backtesting settings use an initial capital of HKEX:10 ,000, a commission of 0.5% per trade, and a maximum of 10 pyramiding orders, and a slippage of 2 ticks.
Please note that this strategy is intended for educational purposes and should not be considered as financial advice. Before using this strategy in live trading, make sure to thoroughly test and optimize its parameters to suit your risk tolerance and specific trading conditions.
Deviations from ARL (DARL)Similar to Bollinger Bands, this indicator uses standard deviations but from Adaptive Rebound Lines (See: 'ARL').
The adaptiveness of the 'ARL' is further affected by volatility and helps greatly in spotting the possible strength and direction of rebounds.
All this information is presented with minimal lag thanks to the rebound qualities of the 'ARL' adapting to market volatility.
----- HOW TO USE IT -----
1) Use with 1h time frame.
2) Smaller width typically means that price will be moving is smaller movements.
3) Small price movements while the width is increasing typically means that a large price move will occur soon.
4) Larger width typically means that price will be moving in larger movements.
5) Very large width with sideways price typically means that the price will have a bias towards the center.
Note: A V-Offset of 1 is also a good setting alternative for this indicator.
----- HOW THIS INDICATOR IS ORIGINAL; WHAT IT DOES AND HOW IT DOES IT -----
This indicator has an original, unique ability in anticipating the strength and direction of a price rebound while at the same time showing the bias of the rebound with minimal lag.
It does this by letting the adaptive qualities of the 'ARL' be affected by market volatility, not just by price movement alone.
----- VERSION -----
This indicator is not a variation, replacement, or presentation of the 'ARL' or the 'ARL' Bands -- it merely derives its base calculations for standard deviations from the 'ARL'.
However, this indicator affects the calculations of the standard 'ARL' with volatility and creates a new, unique calculation.
It thus presents a totally different context for price action.
A standard 'ARL' helps in finding possible rebounds but it does not help in finding the strength of them or the directional bias of a rebound.
This is because a standard 'ARL' is more negligent of market volatility and adapts to price movement alone.
In contrast, this indicator does help in anticipating the strength and direction of the rebound because it adapts deviations from an 'ARL' to market volatility.
Therefore, the lines cannot be adjusted individually but in pairs and only further from their respective, mirroring lines.
BB_MDL_V1Simple indicator that is based on the average line of the bollinger bands and the exponential average of 200 periods.
The customizable variable is bollinger bands length, currently the default is 35, you can tweak it to your liking and see how trend identification changes.
My recommendation is to work in 5-minute time frames in values such as SOL, FTM or MASK (cryptos)
This simple strategy can be combined with many others to gain more insight and get better market entries and exits.
Historical VolatilityThis script calculates the historical volatility of a given market using the standard deviation of its returns over a specified lookback period.
The indicator also includes a volatility Simple Moving Average (SMA), a VIX SMA, and the VIX index as reference market.
The script uses the inputs from the user to adjust the calculation, such as lookback period, volatility SMA period, and reference market.
The Historical Volatility indicator can be a useful tool for traders and investors who want to measure the degree of variation of a market's price over time, which can help them to better understand market trends and potential risks. This script is licensed under the Mozilla Public License 2.0, which means that it can be used, modified, and distributed under the terms of this license.
BinanceUS WicksSo we have noticed some crazy wicks from Binance Us exchange since top, which really directed market after on, so decided to make a simple Indicator to plot those candles on my Btc chart instead of checking Binance us manually .
there is no thing special about the setting , there is only an input which is the div between spot and binanceus low or high wick.
the main reason i made this to have an alert , for both down and up wick , since the indicator has alert condition ..
RSI-ROC Momentum AlertThis is the RSI-ROC Momentum Alert trading indicator, designed to help traders identify potential buy and sell signals based on the momentum of price movements.
The indicator is based on two technical indicators: the Rate of Change (ROC) and the Relative Strength Index (RSI). The ROC measures the speed of price changes over a given period, while the RSI measures the strength of price movements. By combining these two indicators, this trading indicator aims to provide a comprehensive view of the market momentum.
An RSI below its oversold level, which shows as a green background, in addition to a ROC crossing above its moving average (turns green) signals a buying opportunity.
An RSI above its overbought level, which shows as a red background, in addition to a ROC crossing below its moving average (turns red) signals a selling opportunity.
Traders can use this indicator to identify potential momentum shifts and adjust their trading strategies accordingly.
The ROC component of the indicator uses a user-defined length parameter to calculate the ROC and a simple moving average (SMA) of the ROC. The color of the ROC line changes to green when it is above the ROC SMA and to red when it is below the ROC SMA. The ROC SMA color changes whether it's above or below a value of 0.
The RSI component of the indicator uses a user-defined length parameter to calculate the RSI, and user-defined RSI Low and RSI High values to identify potential buy and sell signals. When the RSI falls below the RSI Low value, a green background color is applied to the chart to indicate a potential buy signal. Conversely, when the RSI rises above the RSI High value, a red background color is applied to the chart to indicate a potential sell signal.
This indicator is intended to be used on any time frame and any asset, and can be customized at will.
Days in rangeThis script is a little widget that I made to do some homework on the VIX.
As you can see in the chart I was analyzing the 2008 market crash and the stats that followed it after until the market started to recover.
You can see that theory in my "Ideas" tab.
This is an interactive set of lines that you can use to count the the bars inside and outside of your chosen range, and the percentage outside that range.
You should initially enter the price range of your product in the menu and set some arbitrary dates that you can easily see on your chart.
Drag and drop the lines around to suit what price and the dates you are analyzing.
The table will display the bar count inside and outside of the range, the total bars, and the percentage outside that range.
I personally used this as a tool to study the overall average of the product, compared with the behavior during major market events.
It is currently my opinion that post 2020 analysis needs to take into account the behavior of any given product prior to 2020 when the
VIX was in its comfort zone. Not to say that a price valuation hasn't been set, but that the movement to that price was outside of "Normal Market Conditions,"
and the time factor to return to that value might be skewed. Other factors would need to be considered at that point pertaining to your specific product or corelating indicator.
I could see this tool being useful to Forex and commodities traders. But that isn't my field so that that for what it is. I do think it would perform best on something that is more
pegged to a price range. I personally would use it on product's, like the VIX, that I use as an indicator product. That is what it was designed for.
But I suppose it could be used for Mean price and time related analysis, maybe with a Vwap, SMA or other breakout style indicators.
Volume analysis might be pretty sporty. Possibly time patterns... the possibilities could be endless. Or... limited.
I am publishing this for my trade group so that it can be tinkered with to find other helpful ways to use it.
If anyone finds something interesting with other indicators, please drop a comment below and I could consider creating a script to integrate with this tool.
Net Positions (Net Longs & Net Shorts) - By LeviathanThis script is an experimental indicator that visualizes the entering and exiting of long and short positions in the market. It also includes other useful tools, such as NL/NS Profile, NL/NS Delta, NL/NS Ratio, Volume Heatmap, Divergence finder, Relative Strength Index of Net Longs and Net Shorts, EMAs and VWMAs and more.
To avoid misinterpretation, it's important to understand some basics. The “real” ratio between net long and net short positions in a given market is always 1:1. A futures contract is an agreement between two parties to buy or sell an underlying asset at an agreed-upon price. Each contract has a long side and a short side, with one party agreeing to buy (long) and the other party agreeing to sell (short) the asset at the agreed-upon price. The long position holder anticipates that the asset's price will rise, while the short position holder expects it to fall. Because every futures contract involves both a buyer and a seller, it is impossible to have more net longs than net shorts or vice versa (in terms of the net value). For every long position opened, there must be a corresponding short position taken by another market participant (and vice versa), thus maintaining the 1:1 ratio between longs and shorts. While there can be an imbalance in the number of traders/accounts holding long and short contracts, the net value of positions held on each side remains 1 to 1.
Open Interest (OI) is a metric that tracks the number of open (unsettled) contracts in a given market. For example, Open Interest of 100 BTC means that there are currently 100 BTC worth of longs and 100 BTC worth of shorts open in the market. There may be more traders on one side holding smaller positions, and fewer traders on the other side holding larger positions, but the net value of positions on one side is equal to the net value of positions on the other side → 100 BTC in longs and 100 BTC in shorts (1:1). Consider a scenario in which a trader decides to open a long position for 1 BTC at a price of HKEX:30 ,000. For this long order to be executed, a counterparty must take the opposite side of the contract by placing an order to short 1 BTC at the same price of HKEX:30 ,000. When both the long and short orders are matched and executed, the open interest increases by 1 BTC, reflecting the addition of this new contract to the market.
Changes in Open Interest essentially tell us 3 things:
- OI Increase - new positions entered the market (both longs and shorts!)
- OI Decrease - positions exited the market (both longs and shorts!)
- OI Flat - no change in open positions due to low activity or simply lots of transfers of contracts
However, different concepts can be used to analyze sentiment, aggressiveness, and activity in the market by analyzing data such as Open Interest, price, volume, etc. This indicator combines Open Interest data and price action to simplify the visualization of positions entering and exiting the market. It is based on the following concept:
Increase in Open Interest + Increase in price = Longs Opening
Decrease in Open Interest + Decrease in price = Longs Closing
Increase in Open Interest + Decrease in price = Shorts Opening
Decrease in Open Interest + Increase in price = Shorts Closing
When "Longs Opening" occurs, the OI Delta value is added to the running total of Net Longs, and when "Longs Closing" occurs, the OI Delta value is subtracted from the running total of Net Longs.
When "Shorts Opening" occurs, the OI Delta value is added to the running total of Net Shorts, and when "Shorts Closing" occurs, the OI Delta value is subtracted from the running total of Net Shorts.
To summarize:
Net Longs: Cumulative value of Longs Opening and Longs Closing (LO - LC)
Net Shorts: Cumulative value of Shorts Opening and Shorts Closing (SO - SC)
Net Delta: Net Longs - Net Shorts
Net Ratio: Net Longs / Net Shorts
This is the fundamental logic of how this script functions, but it also includes several other tools and options. Here is an overview of the settings:
Type:
- Net Positions (display values of Net Longs, Net Shorts, Net Delta, Net Ratio as described above)
- Relative Strength (display Net Longs, Net Shorts, Net Delta, Net Ratio in the form of a momentum oscillator that measures the speed and change of movements. Same logic as RSI for price)
Display as:
- Candles (display the data in the form of candlesticks)
- Lines (display the data in the form of candlesticks)
- Columns (display the data in the form of columns)
Cumulation:
- Visible Range (data is cumulated from the first visible bar on your chart)
- Full Data (data is cumulated from the beginning)
Quoted in:
- Base Currency (all data is presented in the pair’s base currency eg. BTC)
- Quote Currency (all data is presented in the pair’s quote currency eg USDT)
OI Sources
- Pick the sources from where the data is collected (if available).
Net Positions:
- NET LONGS (show/hide Net Longs plot, choose candle colors, choose line color)
- NET SHORTS (show/hide Net Shorts plot, choose candle colors, choose line color)
- NET DELTA (show/hide Net Delta plot, choose candle colors, choose line color)
- NET RATIO (show/hide Net Ratio plot, choose candle colors, choose line color)
Moving Averages:
- Type (choose between EMA and Volume Weighted Moving Average)
- NET LONGS (show/hide NL moving average plot, choose length, choose color)
- NET SHORTS (show/hide NS moving average plot, choose length, choose color)
- NET DELTA (show/hide ND moving average plot, choose length, choose color)
- NET RATIO (show/hide NR moving average plot, choose length, choose color)
Profile:
- Profile Data (choose the source data of the profile)
- Value Area % (set the percentage width of profile’s value area)
- Positions (set the position of the profile to left or right of the visible range)
- Node Size (set the relative size of nodes to make them appear smaller or larger)
- Rows (select the amount of rows displayed by the profile to control granularity)
- POC (show/hide POC- Point Of Control and select its color)
- VA (show/hide VA- Value Area and select its color)
Divergence finder
- Source (choose the source data used by the script to compare it with price pivot points)
- Maximum distance (the maximum distance between two divergent pivot points)
- Lookback Bars Left (the number of bars to the left of the current bar that the function will consider when looking for a pivot point)
- Lookback Bars Right (the number of bars to the right of the current bar that the function will consider when looking for a pivot point)
Stats:
- Show/Hide the Stats table
- Bars Back (choose the length of data analyzed for stats in number of bars)
- Position (choose the position of the Stats table)
- Select Data you want to display in the Stats table
Additional Settings:
- Volume Heatmap (show/hide volume heatmap and select its color)
- Label Offset (select how much the plot label is shifted to the right
- Position Relative Strength Length (select the length used in the calculation)
- Value Label (show/hide OI Delta values when candles are displayed)
- Plot Labels (show/hide the labels next to the plot)
- Wicks (show/hide wick when candles are displayed)
Code used for generating profiles is taken from @KioseffTrading's "Profile Any Indicator" script (used with author's permission)
Extended Session High/Low - Intraday and daily chartsThis script plots the extended session highest high and lowest low levels. It works on any time frame from 1 minute to daily.
Please note that during the extended session, TradingView stops updating the daily chart. This means that once the script is loaded on a daily chart, it will not be updated until the market opens, unless you manually reload the layout (Ctrl+R). For this reason, it is recommended to use a multi-timeframe layout, so when the pre/post market line is near the extended session high/low on the daily chart, you can compare these values with those on an intraday chart of the same ticker.
The extended session high/low are important for day traders because they represent the maximum and minimum limits within which the trades have taken place during the extended trading hours. This can make them levels of support/resistance that can be useful for planning trend following, reversal and range-bound strategies.
By displaying the extended session high/low on the daily chart, traders can also see if there are any significant levels nearby that are related to the daily time frame, such as trendlines, support/resistance levels, or moving averages. This can help the trader evaluate whether there is enough room for a price movement in the direction of his trading strategy.
Short Sale Restriction (SSR) Level - Intraday and daily chartsThis script plots the Short Sale Restriction (SSR) Level relative to the previous day's closing price. It works on any time frame from 1 minute to daily, showing the correct level even during the extended session.
The Short Sale Restriction (SSR) is a rule of the Securities and Exchange Commission (SEC) that restricts traders from short-selling stocks that are rapidly decreasing in value in an attempt to profit from the price drop. The rule was introduced in 2010, after the 2008 financial crisis, to prevent market manipulation and excessive volatility.
The SSR works as follows: when the price of a particular stock drops 10% compared to the previous day's closing price, the SSR is triggered and a temporary limitation is imposed on traders' ability to short-sell that stock for the rest of the trading day and the following day. During the SSR activation period, traders can still short-sell, but only if the sale is "covered" by another long position on the same stock.
Knowledge of the SSR level is especially important for day traders because it helps them to plan their trading strategies in advance, avoiding situations where short-selling becomes more difficult. Additionally, if a stock has exceeded the SSR threshold, traders can expect an increase in price volatility.
Murder Algo Stats: last portion of Indices closing hour (S&P)Stats regarding the 'murder algo' (last 10mins of the closing hour). Works on all sub-1hr timeframes. Best used on 5min, 10min 15min timeframe. Ideal use on 10min timeframe.
Can be applied to other user input sessions also
What i'm calling the 'Murder Algo' is the tendency of dynamic lower time frame price action in the final 10minutes of the S&P closing hour (or any of the three major US indices: S&P, Nasdaq, Dow).
If there are un-met liquidity targets (i.e. clean highs or lows) as we come into the last portion of the closing hour, price has a tendency to stretch up or down to reach these targets, swiftly.
These statisitics are somewhat experimental/research; trying to quantify this tendency. Please comment below if you think of some additions / modifications that may prove useful.
//Purpose:
-To get statistics of the tendency to 'reach' of the final bar (10minute bar in the above) of the closing hour in Indices (3pm - 4pm NY time).
-Specifically to see how often price reaches for HH or LL in the final bar of the closing hour (most of the time); and to see how far it reaches one way when it does (Mean, median, mode).
//Notes:
-Two sets of historical stats; one is based on the 'solo reach' of the last bar; the other is based on the reach of the last bar from the average price of the preceding bars of the session (purple line in the above)
-Works on any timeframe below hourly. Ideally used on 10min timeframe, but may be interesting to plot on 15min or 5min timeframe also.
-Should also work on custom user-defined session; though this indicator was explicly designed to investigate the 'murder algo': that final rush and/or whipsaw tendency of price in the last few minutes of Regular trading on Indices.
-For S&P, best used on SPX, which gives the longest history of all the S&P variants due to only showing Regular trading hours bars (500 days of history on 10min timeframe, for premium users)
-For most stats, i've rounded to ES1! mintick (i.e. rounded to nearest quarter dollar) =>> This allows more meaningful values for 'mode' statistical measure.
-I trade S&P; but this 'muder algo' phenomenon also obviously presents in Nasdaq and Dow.
//User Inputs:
-Session time input (defaults to closing hour 3pm - 4pm NY time)
-Average method (for the average of all the input session EXCEPT the final bar)
-Toggle on/off Average line.
-other formatting options: text color, table position, line color/style/size.
Example usage with annotations on SPX 500 chart 15m timeframe; using closing hour (3pm-4pm NY time) as our session:
ATR by ChampBoyThis is a simple indicator that takes into account the volatility of candles and contains an error setting. Setting the error allows you to bring the value of the indicator closer to real data and detect the stock of the price movement or its absence in time. Just look at history.
Attention! After adding the indicator:
1. Click on the three dots next to the indicator name7
2. Select "move" and "move up" to make it appear on the bar/candle bar
3. Also go to "three points" and select "pin to scale" -> select "pin to right".
Now more about the setup:
Candle Length - length of bars/candles. I use 3 for more reliable information.
Smooth Length - smoothing. I use 2 for noise reduction.
Data - this is the data of the candle. I use candle close
Current/Last - drawing comes from opening the current one or closing the previous one. I use 0 - the opening of the current bar.
Percent High – this parameter is about excluding bars from the calculation, which exceed X times. I am using 1.8
Percent Low - similar, but with the exception of bars that are X times smaller. I am using 0.5.
Error - error setting. I use 30 to 42.
In any case, you can customize for yourself.
На русском языке:
Это простой индикатор, который учитывает волотильность свечей и содержит настройку погрешности. Настройка погрешности позволяет приблизить значение инидикатора к реальным данным и во время обнаружить запас хода цены или его отсуствие. Достаточно посмотреть на историю.
Внимание! После добавления индикатора:
1. Нажмите на три точки рядом с названием индикатора7
2. Выберите "переместить" и "переместить выше", чтобы он появился на панели баров/свечей
3. Также зайдите "в три точки" и выберите "закрепить на шкале" -> выберите "закрепить справа".
Теперь подробнее о настройке:
Candle Length - длина баров/свечей. Я использую 3 для более достоверной информации.
Smooth Length - сглаживание. Я использую 2 для убирания шума.
Data - это данные свечи. Использую закрытие свечи
Current/Last - прорисовка идет от открытия текущей или закрытия предыдущей. Я использую 0 – открытие текущего бара.
Percent High – этот параметр про исключение баров из подсчета, которые превышают в Х раз. Я использую 1.8
Percent Low - аналогично, но исключение баров, которые меньше в Х раз. Я использую 0.5.
Error - настройка погрешности. Я использую от 30 до 42.
В любом случае, вы можете настроить под себя.
Concept Probability ConeThe Concept Probability Cone is a mathematical indicator designed to demonstrate the potential price range of an asset based on its historical volatility and statistical probabilities. Unlike most publicly available probability cone scripts, which often contain inaccuracies and oversimplifications, this tool is developed with a strong focus on precision and accuracy. It is important to note, however, that the Concept Probability Cone is currently in its initial stage, and further improvements and refinements may be introduced over time.
One significant difference between the Concept Probability Cone and other publicly available scripts is the incorporation of inverse Cumulative Distribution Functions (CDFs) in its calculations. Inverse CDFs are used to map a random variable's probability distribution to its corresponding quantile, which helps in determining the asset's price boundaries with a higher level of precision. This key feature sets the Concept Probability Cone apart from other tools, addressing the flaws found in many existing probability cone scripts.
This is a proof of concept indicator. Users are encouraged to play around with the tool, explore its features, and gain a deeper understanding of the statistical principles it demonstrates.
Scalper's toolkit - ATR WidgetWidget specifically designed for scalping. Many settings to fit the instrument and view preferences to make it fit into your chart window how you like, even on mobile.
** I have 5 other features to add into this in the very near future, as I use this as my primary tool for Risk reward. This script will be updated in the near future as more features are coded into it. See bottom for notes on plans
Features:
Displays a quick view of the ATR value on the chart, in decimal PIPs or directly in Points - a key value for scalping using the DOM for point value settings and one click trading on fast time frames.
Automatic calculation of stop and target distance for a predetermined Risk Reward Ratio (Set with the settings panel), and then also displayed in PIPs or Points for easy use in quick trading.
Works on most all instruments/pairs/cryptos with multiple precision levels for correct values to be shown in the widget.
Fully customizable -
ATR period Base setting, just like a normal ATR indicator
Display in : PIPs or Points
ATR based stop distance, using a multiplier. 2 is the most common multiplier used, and the default setting.
Risk Reward Calculation using the Stop Loss value.
-Quickly helps with proper target and stop sizing for the volatility in the price on the current trade entry point.
-Set to any ratio you wish, from 1:0.1 all the way to 1:100 or more, unlimited R ratio settings to fit your strategy and risk tolerances.
Position anywhere on the chart window with 9 preset locations available (Pine script limitation)
Show as a column layout or a row layout
Customize the Size, with 5 preset widget sizes, from tiny to huge (Pine script limitation)
-Mobile Friendly - Tiny or Small may be too small on PC, but can be used for Mobile so the widget does not become too large over the chart.
Custom text, background, and boarder colors
Custom Boarder Size - 0 size is no boarder
Set up:
-Open the settings panel.
First section is the basic settings for the ATR - the length (Default is 14) and to use a PIP value display, or Point value display.
Here you also see a "Precision" Setting. **Because each instrument returns different precision ATR values, it is difficult to determine with code what those values will be ahead of time to do the math in the background. Even some 2 decimal instruments return 5 decimal ATR values, so this setting filters that** Just use the dropdown and choose how many decimal places the instrument has from 2 - 5 decimals
The second section is for risk and reward calculations, and can be disabled if you do not want to see these values.
The first value is the "ATR Multiplier" Typically, a 2x multiplier is used on the ATR to determine how far away to place your stop loss from the entry, placing it out of harm's way from normal market activity.
The second value is the Reward target distance, based from the stop loss size. This quickly calculates your target to match your intended reward ratio, saving some manual work to calculate this by hand every trade.
** Note: because of the math used in the code, you may see odd values on some instruments, like indexes. If you have the precision correct, try changing the "Show in Pips" to "Show in Points", as this may solve the issue.
The last two sections are purely for how the widget looks and how/where it shows on the screen. These can be set however you like. To have no boarder, just set the "Frame size" value to 0.
Additional Updates planned:
Pip value calculation (2 feature uses)
-This will serve 2 purposes. The widget will calculate the value of the trade based on the lot size. It will also have a risk limit, so if the ATR get's too high for the current risk settings, It will show red to warn you of a high risk situation before you trade.
Example, you have a set limit of 3 dollars per trade using .02 lot sizing. If the ATR get's too high, The Stop value will be more risk than you would like to use at that trade sizing. Reduce the trade size, or wait for ATR to come lower.
Purpose 2: lot size calculation, so if you wanted to maximize the use of risk available. If you wanted to risk 600 for example, it would use the ATR you have set for the risk, and determine the proper lot size for the amount of volatility in the market. This way, you Risk Exactly, or as close as possible to 600 for the the current trade conditions.
Extra use for this value: Show the Current trade amounts at risk and for gain in money values on the side of the pip/point value. Know what you're risking and also trading for in monetary value.
ATR candle Comparison- Early momentum Detection (2 feature uses)
Will show an additional section on the bottom of the widget to show how each candle compares to the one before, up to the last 5, and show if ATR went down, up, or stayed the same over the last 5 candles.
Show an additional symbol to indicate the current candle status in comparison to the close of the last candle. Real time of if the ATR is getting larger, smaller, or staying the same.
AUTOMATIC GRID BOT STRATEGY [ilovealgotrading]
OVERVIEW:
This Grid trading strategy can help you maximize your profit in a ranging sideways market with no clear direction.
INDICATOR:
We can get some money by taking advantage of the movement of the price between the range we have determined.
Short positions are opened while the price is rising, long positions are opened while the price is falling.
Therefore, there is no need to predict the trend direction.
What is different in this indicator:
I want to say thank you to © thequantscience. His GRID SPOT TRADING ALGORITHM - GRID BOT TRADING strategy helped me when I was writing my indicator.
I want to explain what I have improved:
1- Grid strategy is a type of strategy that can be traded in very short time frames and users can trade this strategy algorithmically by connecting this strategy to their own accounts with the help of API systems. For this reason, I have developed a software that can give us signals by dynamically changing the long and short messages when users are trading.
2- We can change the start and end dates of our grid bot as we want. It is necessary to use this setting when setting up automatic bots, so that previously opened transactions are not taken into account.
3 - Lot or quantity size should not be excessively small when users are taking automatic trades because exchanges have limitations, to avoid this problem, I have prevented this error by automatically rounding up to the nearest quantity size inside the software.
4 - Users can avoid excessive losses by using stop loss on this grid bot if they wish.
5 - When our price is over the range high or below the range low, our open positions are closed, if the stop button is active. We can also change which close price time frame we take as a basis from the settings.
6 -Users can set how many dollars they can enter per transaction while performing their transactions automatically.
IMPLEMENTATION DETAILS – SETTINGS:
This script allows the user to choose the highs and lows leves of our range. Our bot trades in the specified range.
1. This strategy allows us to set start and end backtest dates.
2. We can change range high and range low leves of our bot
3. IF people want to trade algorithmically with the help of this bot, there are 6 different input systems that will receive the Json codes as an alarm
4. IF the price closes above the upper line or below the lower line, all transactions will be closed. We can determine in which time frame our transactions will be stopped if the price closes outside these levels.We can adjust how our bot works by activating or turning off the Stop Loss button.
5. In this strategy, you can determine your dollar cost for per position.
6. The user can also divide the interval we have determined into 10 parts or 20 equal parts.
7. The grid is divided and colored at the interval we set. At the same time, if we don't want we can turn off colored channels.
Notes:
If you're going to connect this bot to an automatic Long and Short direction,
Don’t forget! you need to Webhook URL,
Don’t miss paste this code to your message window {{strategy.order.alert_message}}
ALSO:
Set your range below the support zones and above the resistance zones.
Don't be afraid to take a wide range, it doesn't matter if you make a little money, the important thing is that you don't lose money.
If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Relative Strength Index w/ STARC Bands and PivotsThis is an old script that I use with some useful RSI strategies from "Technical Analysis for the Trading Professional" 2nd edition by Constance Brown.
The base RSI comes with the option for custom length, and has some pre-configured ranges for looking at exits and entrances. The idea is to be bullish when bounces happen in the red zone during an already bullish trend or when the indicator enters green without a rejection. Be bearish if the indicator falls through the red zone or fails to enter green during an already bearish trend.
I have added the formulas used for creating STARC bands (just think fancier volatility bands) with adjustable tolerances. The idea is to look out for when the RSI touches one of the bands and reverses. This is usually indicative of a strong reversal (though the timing will be up to the trader). Best use this on shorter time frames during a volatile time of a stock's price action.
Although a little messy, there is a small segment of the script which includes pivot points. I like to use these because they make indicating local highs/lows for finding divergences easier.
Finally, I have added a couple of customizable EMAS for the RSI itself. Useful when combined with the other features!
Bar Color Long / Short Indicator With Advised SLOverview
This script is a trading indicator named "Bar Color Long / Short Indicator With Advised SL" designed for the TradingView platform. The indicator's primary purpose is to provide entry signals for long and short positions, based on various technical analysis methods. Additionally, the indicator suggests stop-loss levels for both long and short positions.
User Inputs
The indicator has several user inputs, such as:
Length
Smoothing
Multiplier
Show bar colors (ON/OFF)
When the bar colors are turned off, the alert signals for long and short positions will be displayed instead.
Custom Risk Calculation
The script calculates a custom risk level based on a modified version of the RSI (Relative Strength Index) formula. The custom risk level is divided into three categories: low, medium, and high.
Sentiment Score Calculation
The indicator calculates a sentiment score based on a combination of methods resembling EMA (Exponential Moving Average), MACD (Moving Average Convergence Divergence), and ROC (Rate of Change). The sentiment score is used to determine if the sentiment is positive or negative.
Bollinger Bands Percent and Combined Signal
The Bollinger Bands Percent is calculated, and the custom risk, sentiment score, and Bollinger Bands Percent are combined to generate a new signal. This signal is used in conjunction with EMA10 to determine the bar colors and provide entry signals.
Bar Colors
Based on the combined signal and EMA10, the script determines the bar colors as follows:
Orange: Positive sentiment
Blue: Negative sentiment
Gray: Neutral
Entry Signals and Alerts
When the bar colors are turned off, the indicator displays large green arrow signals for long (buy) positions and red arrow signals for short (sell) positions based on the sentiment and EMA10 conditions. The script also includes alert conditions for long and short signals, which can be used to set up notifications when these signals are triggered in the TradingView platform.
Advised Stop-Loss Levels
The indicator plots stop-loss lines for both long and short positions at the last candle, accompanied by labels showing the advised stop-loss levels in numeric values.
DePeg PlayerI have not seen anyone create an indicator that will alert on any depeg of stablecoins, so i decided to make one and publish it for all to use.
I decided to only include the 8 stablecoin pairs that I found to offer leverage trading, so you can take maximum advantage of any depegs that happen with the top 3 stablecoins.
I have also added alerts, so you can automate any trading signals that you would like if a depeg occurs, or to send as a push to your discord/telegram.
Options Price CalculatorIn the team, we continue to explore and expand the boundaries of TradingView.
For now, there is not much an options trader can do with options in TradingView.
We wanted to change that and created a simple option pricer.
You can set up in parameters a set of strikes, implied volatility, and days to expiry.
The indicators will take a risk-free rate from US01Y and the underlying price from your current chart.
It will compute prices and greeks for both put and call options.
Thanks to @MUQWISHI for helping code it.
Disclaimer
Please remember that past performance may not indicate future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Trend IndicatorThis indicator has different features:
1. Ichimoku = this indicator can plot Ichimoku calculated both in the common formula and with the volume average, you can choose the calculator method for each line.
2. Channel and Bands = this mode allows the user to choose from channel and band, "channel" shows the Keltner channel, and "band" shows the Bollinger bands. Both the indicators are calculated including the volume in the formula of the average midpoint.
3. Color candle = this function allows the user to see two different colors of candles on the chart, the positive color occurs when both the long-term average and the short team average of price calculated using the volume is above the two averages calculated without the volume. This function is great to analyze the volume pressure, useful to identify trend continuation and exhaustion.
4. Extreme reversal zones = this is a version of the Keltner channels calculated over a high number of candles and with high deviation, to identify the potential zones of reversal.
Note that in the "Ichimoku" indicator, the backline is the T.R.A.M.A. indicator, created and published open source by Lux Algo, which I thank for the script.
Fixed Volatility OscillatorA fixed volatility plotter set to a 0-100 range - Plots the current volatility % using the formula to calculate volatility and stdev (standard deviation) based on the candle lookback.
The indicator is Fixed, which means that regardless of the chart, the volatility will be plotted on a percentage of 0% - 100% with a 101% threshold set to indicate a volatility reset. While the volume of volatility will change depending on the chart, the volatility will ALWAYS stay within this range.
if a plot exceeds 100% it should be marked as volatility reset - not an expansion
and should also be noted that the volatility spikes are also very inconsistent in volume and vary greatly.
The candle lookbacks on standard are organized be from 10 candles to 100 candles. I found the best results using the 50 candles lookback, and therefore have set it as the default value. These different values can be used to pull the information from the # of candles on the selected option - and therefore the volatility will be calculated from the number of candles selected.
// note for other people versed in pinescript
While this indicator may be useful in trading or strategies, it is more meant to incorporated into other scripts or used as a basis that can be further expanded on. The visuals are not built at all - for that purpose.
This script has not been listed as a library for the fact that it can be used as an actual indicator within a strategy - hope you enjoy.
Grid Range Volatility BasedThis TradingView Pine script implements a grid range volatility based indicator that displays dynamic horizontal lines on the chart. The lines are calculated based on the average true range (ATR) of the security being plotted, and the range can be adjusted using an input parameter. The distance between the top and bottom lines is displayed as a percentage in a dynamic label that updates with each new bar.
The script allows the user to choose whether to use red or black lines, and also provides options to set the number of days for range calculations, and the calculation type (either ATR(1) or ATR(x)). The script is designed to work with stocks, forex, and other securities that have price data.
To use this script, simply attach it to a chart and adjust the input parameters to suit your analysis needs. The dynamic lines and percentage label will be displayed on the chart, providing a visual representation of the range volatility of the security being plotted. The values of the highest and lowest lines can also be displayed as labels on the price axis, providing additional context for the range volatility.
