Miyagi (10 in 1) + Alerts
Miyagi: The attempt at mastering something for the best results.
Miyagi indicators combine multiple trigger conditions and place them in one toolbox for traders to easily use, produce alerts, backtest, reduce risk and increase profitability.
VWAP has been the main condition for entry for our trading community for quite some time now, however using VWAP alone can lead to poor entries and bags.
Miyagi adds filtering conditions which can then be used to improve entries as opposed to simply using VWAP alone.
Miyagi (10-in-1) + Alerts combines multiple trigger conditions in an easy to use format.
Each trigger or filtering condition is selectable and able to be combined using the selector checkboxes.
Trigger or filter conditions can be used on a different timeframe chart than the current user selected chart.
For instance, the user's chart can be set to a 15M for entry however using filtering from a 30 minute RSI.
It is recommended to not use a lower timeframe chart setting than the current chart timeframe.
The following trigger and filter conditions are present in the 10-in-1:
EMA: Takes two "Exponential Moving Averages" into effect for filtering with user selectable chart timeframe, length and sources.
EMA Trend Type is user selectable for Trend-following or Counter-trend which allows you to counter-trade the markets.
Beside the "Simple Moving Average" the EMA has a multiplier.
Calculation is SMAxMultipier / SMAxMultiplier of the previous candle.
MACD: Takes the "Moving Average Convergence Divergence" into effect for trigger condition or filtering with user selectable chart timeframe,
source, fast & slow length and signal smoothing. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a price.
The MACD is calculated by subtracting the EMA 26 period from the EMA 12. Long alert is triggered on crossing the MACD zero line upwards and short alert vise versa.
RSI: Takes the "Relative Stregth Index" into effect for trigger condition or filtering with user selectable chart timeframe, length, source, and oversold and overbought values.
The RSI is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset.
It can also be used to spot divergences which warn of a trend change in price. This oscillator moves between 0 and 100.
RSI > 80 is considered overbought and an RSI < 20 is considered oversold.
Stochastic RSI: oscillator version of RSI.
Takes the stochRSI into effect for trigger condition or filtering with user selectable chart timeframe, K D, length, upper and lower length.
stochRSI = (actual RSI - lowest RSI) / (highest RSI - lowest RSI)
VWAP: Takes the "Volume Weighted Average Price" into effect for trigger condition with user selectable chart timeframe, period, and VWAP lower line (long),
or VWAP Upper line (Short) values. VWAP is calculated by totaling the money traded for every transaction (price x volume) and then dividing by the total shares traded.
The VWAP appears as a single line on charts. It looks similar to a moving average line, but smoother. In general it is a intraday/week anchored indicator that resets,
but we are using a steady version over a selectable period of candles.
TTM: Takes the TTM squeeze indicator into effect for trigger condition with user selectable chart timeframe, length, multiplier, smoothing and trend direction.
The TTM is used to identify when to enter or exit a market for the best chance of profitability. It squeezes pairs well with other indicators, such as the ADX indicator.
For Multiplicator you can use Keltner and Boilinger Bands.
ADX: Takes the "Average Directional Movement Index" into effect for trigger condition with user selectable chart timeframe, smoothing, DI-length, a long and a short setting.
The ADX is used to detect trend direction with a positive and a negative direction indicator (+DI & -DI). The factor of those is a value between 0 and 100.
A low value can be a week trend or consolidation. A value > 25 is considered as a positive trend, >50 is a strong long trend >75 extremely strong trend.
Beside timeframe, you can choose smoothing and DI length.
SuperTrend: Takes the SuperTrend into effect for filtering with user selectable chart timeframe, ATR length and factor.
As an alternative to moving averages you can keep a fix distance to determine long or short trend.
That way you can avoid a lot of switching during a consolidation phase. Once crossed it switches trend direction.
The "Average True Rage" is used for calculation of the SuperTrend distance, it measures the volatility of the coin.
MFI: Takes the "Money Flow Index" into effect for filtering with user selectable chart timeframe, length, source, long and short settings.
The MFI is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset.
It can also be used to spot divergences which warn of a trend change in price. Like RSI this oscillator moves between 0 and 100.
MFI > 80 is considered overbought and an MFI < 20 is considered oversold.
W-Divergence: Takes the "Wolfpack Divergence" into effect for trigger condition with user selectable chart timeframe, length, lookback, divergence and ranges.
W-Divergence is MACD 3-8 setting with added divergence hunter.
How to use: Select the VWAP, and set the VWAP up as you would normally trade with your selected timeframe, period, and VWAP settings (long and short).
All entries will be shown, based on the VWAP settings.
From here, filtering can be implemented to produce better entries, ie using EMA/MACD/RSI/SuperTrend/MFI filtering.
Happy Trading!
Miyagi indicators combine multiple trigger conditions and place them in one toolbox for traders to easily use, produce alerts, backtest, reduce risk and increase profitability.
VWAP has been the main condition for entry for our trading community for quite some time now, however using VWAP alone can lead to poor entries and bags.
Miyagi adds filtering conditions which can then be used to improve entries as opposed to simply using VWAP alone.
Miyagi (10-in-1) + Alerts combines multiple trigger conditions in an easy to use format.
Each trigger or filtering condition is selectable and able to be combined using the selector checkboxes.
Trigger or filter conditions can be used on a different timeframe chart than the current user selected chart.
For instance, the user's chart can be set to a 15M for entry however using filtering from a 30 minute RSI.
It is recommended to not use a lower timeframe chart setting than the current chart timeframe.
The following trigger and filter conditions are present in the 10-in-1:
EMA: Takes two "Exponential Moving Averages" into effect for filtering with user selectable chart timeframe, length and sources.
EMA Trend Type is user selectable for Trend-following or Counter-trend which allows you to counter-trade the markets.
Beside the "Simple Moving Average" the EMA has a multiplier.
Calculation is SMAxMultipier / SMAxMultiplier of the previous candle.
MACD: Takes the "Moving Average Convergence Divergence" into effect for trigger condition or filtering with user selectable chart timeframe,
source, fast & slow length and signal smoothing. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a price.
The MACD is calculated by subtracting the EMA 26 period from the EMA 12. Long alert is triggered on crossing the MACD zero line upwards and short alert vise versa.
RSI: Takes the "Relative Stregth Index" into effect for trigger condition or filtering with user selectable chart timeframe, length, source, and oversold and overbought values.
The RSI is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset.
It can also be used to spot divergences which warn of a trend change in price. This oscillator moves between 0 and 100.
RSI > 80 is considered overbought and an RSI < 20 is considered oversold.
Stochastic RSI: oscillator version of RSI.
Takes the stochRSI into effect for trigger condition or filtering with user selectable chart timeframe, K D, length, upper and lower length.
stochRSI = (actual RSI - lowest RSI) / (highest RSI - lowest RSI)
VWAP: Takes the "Volume Weighted Average Price" into effect for trigger condition with user selectable chart timeframe, period, and VWAP lower line (long),
or VWAP Upper line (Short) values. VWAP is calculated by totaling the money traded for every transaction (price x volume) and then dividing by the total shares traded.
The VWAP appears as a single line on charts. It looks similar to a moving average line, but smoother. In general it is a intraday/week anchored indicator that resets,
but we are using a steady version over a selectable period of candles.
TTM: Takes the TTM squeeze indicator into effect for trigger condition with user selectable chart timeframe, length, multiplier, smoothing and trend direction.
The TTM is used to identify when to enter or exit a market for the best chance of profitability. It squeezes pairs well with other indicators, such as the ADX indicator.
For Multiplicator you can use Keltner and Boilinger Bands.
ADX: Takes the "Average Directional Movement Index" into effect for trigger condition with user selectable chart timeframe, smoothing, DI-length, a long and a short setting.
The ADX is used to detect trend direction with a positive and a negative direction indicator (+DI & -DI). The factor of those is a value between 0 and 100.
A low value can be a week trend or consolidation. A value > 25 is considered as a positive trend, >50 is a strong long trend >75 extremely strong trend.
Beside timeframe, you can choose smoothing and DI length.
SuperTrend: Takes the SuperTrend into effect for filtering with user selectable chart timeframe, ATR length and factor.
As an alternative to moving averages you can keep a fix distance to determine long or short trend.
That way you can avoid a lot of switching during a consolidation phase. Once crossed it switches trend direction.
The "Average True Rage" is used for calculation of the SuperTrend distance, it measures the volatility of the coin.
MFI: Takes the "Money Flow Index" into effect for filtering with user selectable chart timeframe, length, source, long and short settings.
The MFI is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset.
It can also be used to spot divergences which warn of a trend change in price. Like RSI this oscillator moves between 0 and 100.
MFI > 80 is considered overbought and an MFI < 20 is considered oversold.
W-Divergence: Takes the "Wolfpack Divergence" into effect for trigger condition with user selectable chart timeframe, length, lookback, divergence and ranges.
W-Divergence is MACD 3-8 setting with added divergence hunter.
How to use: Select the VWAP, and set the VWAP up as you would normally trade with your selected timeframe, period, and VWAP settings (long and short).
All entries will be shown, based on the VWAP settings.
From here, filtering can be implemented to produce better entries, ie using EMA/MACD/RSI/SuperTrend/MFI filtering.
Happy Trading!
ملاحظات الأخبار:
RSI Separation for Long and Short
ملاحظات الأخبار:
Update for Outbound Signal Sender - Backtesting
ملاحظات الأخبار:
Minimum and maximum volume filter for Binance.
W-Divergence replaced with a new condition for excellent counter-trades.
W-Divergence replaced with a new condition for excellent counter-trades.
ملاحظات الأخبار:
Volume update for Bybit
ملاحظات الأخبار:
Update for volume filter, added time filter
ملاحظات الأخبار:
RSI Tooltip updates
ملاحظات الأخبار:
Added Stochastics Min and Max,
DI+ and DI- filtering
Added ROC
DI+ and DI- filtering
Added ROC
ملاحظات الأخبار:
Tooltip updates
ملاحظات الأخبار:
Averaged VWAP Updates.
ملاحظات الأخبار:
-Added Price Action
-Added Wave Trend
-Added Emoji on External Signal Source
-Added No Repeating Signals
-Shown value of ROC 1
-Shown value of ROC 2
-Added Wave Trend
-Added Emoji on External Signal Source
-Added No Repeating Signals
-Shown value of ROC 1
-Shown value of ROC 2
ملاحظات الأخبار:
Added Trend Following and Counter-Trend on Wave Trend
ملاحظات الأخبار:
PA Titles for usage with TVAlertsManager
ملاحظات الأخبار:
Wick Hunter Alert Command update
ملاحظات الأخبار:
Removed timeframe limitations for users wanting to use chart timeframe in seconds.
ملاحظات الأخبار:
Added PSAR and Supertrend Oscillator filters. Enjoy!
ملاحظات الأخبار:
Added a second RSI to long pullbacks
ملاحظات الأخبار:
Added Alert Frequency options for once per bar and once per bar close
ملاحظات الأخبار:
ADX fixes for usage with PSAR.
Visit MiyagiTrading.com for information on how to access all scripts and increase your profitability.