Double BB & Double EMA by IKINThis is the combination of code to detect the cross over between EMA 7 & EMA 21.
By using the double Bollinger Bands will help traders to make the decision by exit the counter just incase buy at the highest price.
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EngineeringRobo DeluxeToday we are releasing the EngineeringRobo Deluxe!
New advanced trading tools for traders and investors. The new Robo 4 is extremely powerful !
It works perfectly with other existing strategies as an add-on feature. EngineeringRobo Deluxe has seen major improvements in accuracy of levels, speed and intelligence to detect the best possible trade setups.
This script is equipped with
🔵 EngineeringRobo 4
It offers strategic trading entry and exit points, so you can preserve capital before markets tumble, and take full advantage as they start to rebound. At a glance, market timing indicators tell investors whether market conditions are right or whether it’s safer on the sideline.
Truly unique tool for technical analysis for the financial market as it includes calculation of specific metrics like SAR + MACD + Price Movement.
You no longer have to worry about spending hours in front of the computer looking for a trade.You can use the indicator on every assets available on your broker.
🔵 Change Candle Color
You can change the colors depending on buy 4 and sell 4 signals. It helps traders a lot to see the direction clearly.
🔵 BB Signals :
This strategy uses the MACD indicator together with the Bollinger Bands to sell when the price is above the upper Bollinger Band (and to buy when this value is below the lower band). This simple strategy only triggers when both the MACD and the Bollinger Band indicators are at the same time in a overbought or oversold condition.
Removed Upper & Lower bands & SMA20 from the charts.
To see bands, You can activate the Bollinger Bands on EngineeringRobo - not the Deluxe version.
If you are buying it with BB BUY, No need to wait for BB Sell to sell it. Vice versa.
They are not the opposite to each other. Get your profit at your target level and move on.
🔵 Ultimate MA crossover signals :
As a general guideline,the idea behind trading crossovers is that a short-term moving average above a long-term moving average is an indicator of upward momentum in a stock & crypto , and the opposite is true about a short-term average trading below a long-term average.
For this guideline to be of use, the moving average should have provided insights into trends and trend changes in the past.
Are the settings of SMA 50 & SMA 200 really the best for Golden Cross and Death Cross?
Have you ever tested ROI for MA cross strategies?
Do you think MA 20 and MA 50 are the best pair for traders?
Do you know that Exponential Moving Average ( EMA ) beats the Simple Moving Average ( SMA ) ?
In order to answer these questions we applied some brute mathematical force and tested 1830 different MA combination to find out the best pair through 50 years of data across stock / forex and 5 years of data across crypto markets . We have done the hard work and you get the benefits .
P.S. The oldest date is 1872 on SPCFD:SPX chart on tradingview . Almost 150 years of backtesting is possible from 1872 to 2020!
🔵 Cloud Signals :
This is a strategy made from ichimoku cloud , together with MACD . Changed Ichimoku cloud formula. Based on that we have a long or a short entry.
it is an effective strategy when paired with a trailing stop loss. Removed standard line ( Kijun Sen ), turning line ( Tenkan Sen ), lagging line ( Chikou Span ) and senkou lines, added buy & sell signals. Traders can use EngineeringRobo's cloud to see the clouds on the chart.
This method doesn't work in sideways markets, only in volatile trending markets.
🔵 EMA TrendLines & Custom Moving Average :
Moving averages help traders isolate the trend in a security or market, or the lack of one, and can also signal when a trend may be reversing. Two of the most common types are simple and exponential. We will look at the differences between these two moving averages, helping traders determine which one to use. Simple moving averages and the more complex exponential moving averages help visualize the trend by smoothing out price movements.
Each trader must decide which MA is better for his or her particular strategy. Many shorter-term traders use EMAs because they want to be alerted as soon as the price is moving the other way. Longer-term traders tend to rely on SMAs since these investors aren't rushing to act and prefer to be less actively engaged in their trades.
🟠50 And 200 Day Moving Average Rules
Trend reversal (downtrend to uptrend) - MA 50 crossover MA 200 from below.
Trend reversal (uptrend to downtrend) - MA 50 crossover MA 200 from above.
Weekly open –close above MA 20 ( bullish trend )
Weekly open –close below MA 50 ( Bearish trend )
Super Bullish : The candle is above MA 20 ( Daily )
Bullish : MA 50 Above MA 100 ( Daily )
Bearish : MA 50 below MA 100 ( Daily )
🔵 Fear & Greed Index
This strategy uses two unique EMA indicators in the formula.
1. Use the indicator to identify when investors are greedy.
2. Use the indicator to identify potential bottom levels
For best testing example:
Open BLX Chart, pick 1D time frame, open only FEAR & Greed Index
🟢Green Area : Ready to buy a lot of cryptocurrencies
🔴Red Area : Ready to sell a lot of cryptocurrencies
Price crosses above red line = Entering overbought zone
Price crosses below red line = Exiting overbought zone
Price crosses below green line = Entering oversold zone
Price crosses above green line = Exiting oversold zone
🔵 Automated Trend Channel Lines
It’s 2020 and you are still drawing lines?
The automated trend lines helps you find the best trend lines and you can stop re-drawing over and over. You don't need to flip back and forth between different timeframes. You can let your robo advisor do the work for you.
🔵 Dynamic Support and Resistance Levels
On the most fundamental level, support and resistance are simple concepts. The price finds a level that it’s unable to break through, with this level acting as a barrier of some sort. In the case of support, price finds a “floor,” while in the case of resistance, it finds a “ceiling.”
Basically, you could think of support as a zone of demand and resistance as a zone of supply.
While more traditionally, support and resistance are indicated as lines, the real-world cases are usually not as precise. Bear in mind; the markets aren’t driven by some physical law that prevents them from breaching a specific level. This is why it may be more beneficial to think of support and resistance as areas. You can think of these areas as ranges on a price chart that will likely drive increased activity from traders.
🔵 Automated Fibonacci Retracements
Automatic Fibonacci let you replace subjective manual analysis with objective automated analysis so you always get the best Fibonacci levels, this can really improve the quality of your trading decisions.
Fibonacci retracements are often used to identify the end of a correction or a counter-trend bounce. Corrections and counter-trend bounces often retrace a portion of the prior move. While short 23.6% retracements do occur, the 38.2-61.8% zone covers the most possibilities (with 50% in the middle). This zone may seem big, but it is just a reversal alert zone. One of the best ways to use the Fibonacci retracement tool is to spot potential support and resistance levels and see if they line up with Fibonacci retracement levels.
Even though Fibonacci levels are extremely popular among technical traders, one should not rely solely on Fibonacci retracement and extension levels in trading. Fibonacci tools return the best results when combined with other technical tools, such as trendlines , chart patterns, candlestick patterns, channels or technical indicators.
If you are following any EngineeringRobo Deluxe signals, you should always wait for the candle close before buying or selling.
The signal can come and go anytime during the live candle. ALL indicators do that, that is not considered repainting.
Repainting is when a signal appears, the candle is closed, and when you refresh the chart it disappeared. It is logical that until the candle is closed the signal is not decided yet, hence the alert setup as Once per bar Close.
Deluxe never repaints! Yes, you heard it right: you will never have to worry about signal changing after the candle is closed.
*** Added alarm system alerts for all signals.
________________________________________________________________________ Timeframes _____________________________________________________________________
Our recommendations to get the best results:
Swing Trading Crypto : Use 1D Time Frame Candles
Swing Trading Stocks : Use 1W Time Frame Candles
Swing Trading Commodities : Use 1W Time Frame Candles
Day Trading Crypto : Use 3H Time Frame Candles
Day Trading Stocks : Use 1D Time Frame Candles
Day Trading Commodities : Use 1D Time Frame Candles
Not recommended any other time frames.
What Is Risk-Reward Ratio RRR?
Your risk-reward ratio is how much you risk per trade, relative to how much you expect to make (reward).
When trading with Robo , you should always aim for a bigger reward compared to your risk per trade.
A good rule is only to risk 1% per trade for day traders and 5% per trade for swing trader . Robo follows strong risk management rules on the algorithm .
One of the biggest advantages of algo trading is removing human emotion from the financial markets,humans trading are susceptible to emotions that lead to irrational decisions. Robo doesn't have to think or feel good to make a trade. If conditions are met, it enters.When the trade goes the wrong way or hits a profit target, It exits. It doesn't get angry at the market or feel invincible after making a few good trades.
EngineeringRobo gives you all the tools and information you need for day-to-day trading and investing, while also keeping a great buy and sell signals! No excuse to lose in any financial market anymore! Try now!
How can you add the algorithm into your chart?
1. Login to TradingView.com
2. From the homepage, click on ‘Chart’ in the top navigation bar
3. Select “Indicators” on the top-center-middle panel
4. In the indicator library, type "EngineeringRobo Deluxe "
5. Use the website link below to obtain access to this indicator
The indicator will be added to your chart after It is approved.
Bollinger Band Crossover SignalI'm a little surprised I couldn't find a BB crossover script on here since I've always used it on other charting software. So of course I had to write one in for TradingView.
Essentially what this script signifies are price breakouts when price crosses over the upper BB band. So what it shows is that market conditions are entering overbought territory.
Length is set to 20 and Standard Deviation is set to 2. These are the default settings.
The way I use the script is to identify breakouts in price, as well as a signal to start scaling out of a position if I am already in one.
Meareverstein (mean-reversion)This script uses basic statistics to exploit mean-reversion conditions in the market.
The idea of mean-reversion is similar to stretching an elastic band. After a certain level, the potential energy to snap back to the initial position increases. For the case of the markets, the initial position is the mean price.
Entries and exits are clearly represented visually, with TP/SL texts when either is being hit.
The default risk-reward ratio is 1.5.
The script can be used on most liquid assets (minimal slippage)
Refer to "Meareverstein performente" below for the accompanying script that showcases the performance in real time.
Data provided will be: Total number of trades, Total returns, and Expectancy.
Equivolume Overlay - Bollinger BandsA bollinger band overlay for Equivolume Bars .
To use it you must move it to the same existing pane as the Equivolume Bars pane and set it to the same scale (usually A).
Please ensure if you have modified the equivolume bars script's settings that you modify them in this script accordingly or they will not line up correctly.
Bollinger Bands Stochastic RSI Extreme SignalThis is the finalized code released to the public that I created in a video linked here.
This indicators combines a Bollinger Band and Stochastic RSI to produce signals for possible price reversal. The signals are displayed by default as green arrows for bullish and red arrows for bearish.
To trigger a signal the indicator checks for the following:
(Bullish)
A candle closes above the upper Bollinger Band
The following candle closes within the upper Bollinger Band
The RSI Stochastic is below the set threshold (10 by default)
(Bearish)
A candle closes below the lower Bollinger Band
The following candle closes within the lower Bollinger Band
The RSI Stochastic is above the set threshold (90 by default)
Bollinger Bands with Moving Averages and MTFBollinger Bands basically use SMA, here I revised it for use with many moving averages. Moving average types I have added: "EMA", "RMA", "SMA", "WMA", "VWMA", "WWMA", "TMA", "VAR", "ZLEMA", "TSF".
There is also an MTF option to view different time zones.
Bitcoin (BTC) Scalp / Short-term Short IndicatorThe purpose of this scalping Indicator is to help identifying Sell signals for short term trades on Bitcoin (Spot, Features, etc.) .
This script is working with more indicators and everything is balanced by hard work on (back)testing.
Result for users is a simple signal to SELL.
You can use it as easy indicator in your graph or create alerts.
I have the best results on 1min graph, with leverage and stop-loss feature.
This is my own version of scalping Sell Script / Indicator, which is a combination of few indicators, for example RSI , BB and price levels (actual and average) and works on standard candles.
SELL signal paints above the candle and you can set your target / trailing / stop-loss in the settings and check how it works in Strategy Tester.
Settings of this Indicator:
Take Profit
Stop Loss
Trailing Stop Loss
Trailing Stop Loss Offset
Initial Capital
Base Currency
Order size
Pyramiding
Commissions
Slippage
Average price lines (colors and visibility)
Plot background
These signals can be often observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again.
Therefore these are interesting levels to place limit orders.
A Sell signal is defined as the last up candle before a sequence of down candles.
In my trading settings I have more but small positions, one safety limit order (for price averaging = better entry - easier close in profit) and stop-loss.
Sometimes trailing-profit feature have very nice profits.
Settings depends on your own money-management and free capital.
Don't ignore UP / DOWN trend. For UP trend I have an Indicator too (check my profile).
In addition to the upper/lower limits of each line, also average value is marked as this is an interesting area for price interaction and better view.
PM me to obtain access, more informations or support.
NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script.
Bitcoin (BTC) Scalp / Short-term Long IndicatorThe purpose of this scalping Indicator is to help identifying Buy signals for short term trades on Bitcoin (Spot, Features, etc.) .
This script is working with more indicators and everything is balanced by hard work on (back)testing.
Result for users is a simple signal to BUY .
You can use it as easy indicator in your graph or create alerts.
I have the best results on 1min graph, with leverage and stop-loss feature.
This is my own version of scalping Buy Script / Indicator, which is a combination of few indicators, for example RSI, BB and price levels (actual and average) and works on standard candles .
LONG signal paints below the candle and you can set your target / trailing / stop-loss in the settings and check how it works in Strategy Tester .
Settings of this Indicator:
Take Profit
Stop Loss
Trailing Stop Loss
Trailing Stop Loss Offset
Initial Capital
Base Currency
Order size
Pyramiding
Commissions
Slippage
Average price lines (colors and visibility)
Plot background
These signals can be often observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again.
Therefore these are interesting levels to place limit orders.
A Buy signal is defined as the last down candle before a sequence of up candles.
In my trading settings I have more but small positions, one safety limit order (for price averaging = better entry - easier close in profit) and stop-loss.
Sometimes trailing-profit feature have very nice profits.
Settings depends on your own money-management and free capital.
In addition to the upper/lower limits of each line, also average value is marked as this is an interesting area for price interaction and better view.
PM me to obtain access, more informations or support.
NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script.
Bollinger Bands %B Compare VixThis imple script converts your chosen chart price and outputs it as a percentage in relation to the Vix percentage.
If price (Blue line) is higher than 0.60 and vix (Red Line) is lower than 0. 40 then there is lower volatility and this is good for buying.
If price (Blue line) is lower than 0. 40 and vix (Red Line) is higher than 0.60 then there is higher volatility and this is good for selling, exiting and cash only.
If you like risk you can enter as soon as the price and vix cross in either direction
This is my first script, please give me a lot of critique, I won't cry hahaha :)
For greater accuracy, you use these Vix products for their specific stocks/Indicies:
Apple - VXAPL
Google - VXGOG
Amazon - CBOE:VXAZN
IBM - CBOE:VXIBM
Goldman Sachs - CBOE:VXGS
NASDAQ 100 = CBOE:VXN
SP100 - CBOE:VXO
SP500 (3months) - VIX3M
XLE(energy sector) - CBOE:VXXLE
EWZ(brazil etf) - VXEWZ
EEM( emerging markets etf) - CBOE:VXEEM
EFA (MSCI ETF) - CBOE:VXEFA
FXI (Cina ETF) - CBOE:VXFXI
Stochastic with Bollinger & EMAIn this script
I combined the various of the oscillator
Stochastic (STOCH) with BB (Bollinger Bands).
Each cut of K and D creates a mark (+) Red / green - accordingly.
As the Stochastic (K) crosses the BB base, a green / red point is formed accordingly.
As a sign it is possible to continue up / down.
I added EMA8 to K (style circles)
When the oscillator is above the EMA - it is possible that this is a clear sign of an increase.
Band 50 was also added to facilitate the calculations.
MFI & EMA & Bollinger BandsIn this script
I combined the various of the oscillator
MFI ( Money Flow Index ) with BB ( Bollinger Bands ).
As the MFI crosses the BB base, a green / red point is formed accordingly.
As a sign it is possible to continue up / down.
I added EMA8 to MFI (style circles)
When the oscillator is above the EMA - it is possible that this is a clear sign of an increase.
Band 50 was also added to facilitate the calculations.
QuickFire5 Bollinger Bands at 50,2.0 levels | 50,2.5 | 50.3.0 | 50,3.5 | 50.4.0 and EMA 200
This is used to aid in harmonic patterns when playing the bollinger bands, the more you play the more likely you are to react. Look for divergences on the RSI or MACD
Black Flamingo OverlayThe Black Flamingo indicators (Overlay, Trend and Context) are a setup of three indicators that aims to help in trading.
The Black Flamingo Overlay part aims to guide the price prediction, by informing on potential short-term reversal zones, and providing take profit lines of counter-trade.
The Black Flamingo Trend part aims to predict changes in current trend, and generate trade entry points.
The Black Flamingo Context aims to inform on trend status on higher timeframes, and is used to confirm signals made by the two others indicators
The Black Flamingo Overlay display on the chart the following components :
- A standard Bollinger bands
- A set of multi-timeframe 3D Breakers
3D Breaker is a new tool that aims to provide price target for counter-trend trades.
When a sharp move of price is done on some timeframes (1m, 5m, 15m, 1h, 4h and/or 1d), the indicator will likely start printing a 3D breaker line displayed at every lower timeframe chart.
This line is set at a target price that will very likely be touched in a short-term reversal of the trend.
Note that 3D Breakers are not a mean to predict the end of a trend, they just alert on short-time counter-trade possibility, with defined take profit price. They does not consist of entry point of a trade, but they inform that the price will likely return at this line (which can be used to predict when to close a trade).
When multiple 3D Breaker line in multiple timeframe are printed, it means that the chances of short-term reversal is greater.
There is three parameters to configure the Black Flamingo Overlay :
- Bollinger period : That's simply the period of the displayed bollinger bands
- 3D Breaker Greediness : It is a percentage of the risk the price line is computed. A high greediness will print farther price lines, that will less likely be touched. A low greedyness will print closer price lines that will have a high chances of being touched, but with a diminished expected profit.
- 3D Breaker Convergence Rate : It is a rate of convergence of the 3D Breaker Line to the close price in the time. Increase the convergence rate will make the 3D breaker Line hit by the price sooner, but with diminished expected profit. Lower the convergence rate will make the 3D breaker more horizontal, but will diminished the chance that the line will be touched soon.
This indicators is only accessible on invitation. Please contact me in PM or thisma ( fr.tradingview.com ) in order to request us an access.
Horcrux OscilatorDoes your oscilator give exit signal on time? Mine does. However worst the idea is, I had to come up with a horcrux plan :P
Concept is as below:
I use 7 standard deviation Bollinger bands to identify which level current price is in. Standard deviations used are from 0.5 (lowest level) to 3.5(highest level) with 0.5 step . This creates overall 16 levels ranging from 0 to 15 with 0 being the highest level and 15 being the lowest.
LookbackPeriod is used to calculate max and min values of these threshold over certain bars. Average of max and min constitutes threshold.
Horcrux value is difference between max state and current state in LookbackPeriod.
Lower the horcrux much closer the current state to the highest state. Hence, horcrux higher than threshold is considered as green region where prices are moving up. Decrease in number of horcruxes means price state moving closer to highest state (which is the lower level). Hence, indicates reduced momentum or reversal.
Use higher LookbackPeriod for increased accuracy. Increase BBLength for long term trades. Adjustment is used to adjust threshold line by up to + or - 20%
Bollinger Bands Width with Squeeze AlertThis is the standard Bollinger Bands Width (BBW) indicator with the added capability of detecting the "Bollinger Bands Squeeze" as defined by John Bollinger:
The BBW squeeze happens when BBW < all BBWs of the past 125 intervals.
Whenever a BBW squeeze occurs, this means there is low volatility.
A low volatility period is almost always followed by high volatility: a large breakout (with price performing ample movement and exiting the BBW bands) may suddenly occur.
The breakout may be preceded by a fakeout, during which price moves in the opposite direction.
Bollinger %B Candles StrategyStrategy built based on earlier published indicator:
Looks to be doing good for short term swing trades. But, I am not sure if there is repainting. I tried to avoid buy/sell trades on same day - but wasn't successful.
So far back-tested on following:
COINBASE:BTCUSD - works on both long and short
CURRENCYCOM:GOLD and equities - long only.
Some of the failures: ASX:WPL , ASX:WHC , ASX:NHC
As usual for back-testing - using 1000 as initial capital with 100% invested on each trade and no compounding so that it will be easy to compare with buy and hold. Trade with caution :)
Bollinger %B CandlesCandlesticks made from Bollinger %B of high, low, open and close.
Input parameters are explained below:
BBLength : Bollinger band periods. Standard deviation is hardcoded as percent B scale does not change with standard deviation.
UseMovingAverage : Candles are formed on moving average of Bollinger Percent B instead of absolute values.
Moving Average Type : Type of moving average to apply on Bollinger %B values
Lookback Period : Moving Average periods.
ColorByPreviousClose : Color candles based on previous close.
Bollinger Bands Width %bAs the bottom reading of BBW changes dynamically with bull market progression, a relative bottom is preferred than absolute, hence normalization of BB Width via bollinger bands and %b, i.e. distance of datapoints from stdev band.
Multi Time Frame Bollinger Bands(Daily/4H/1H)/MTFボリンジャーバンドJapanese below. / 日本語説明は下記
-----Republishing after issues resolved.---------
Summary
This indicator shows 3 multi time frame Bollinger bands (MTF BB) from different time frames which is daily, 4 hour and 1 hour to lower time frames with 3 bands(+-1-3ς).
Example: If you set daily BB, it will be shown on daily, 4hour, 1hour, 30M, 15M, 5M and 1M charts. It will not appear on weekly and monthly charts as it is not necessary to see it on higher time frames.
Purpose
This indicator has been developed to show higher timeframe’s BB as they are expected to work as support and resistance .
How is it different from other BB indicators?
Problems with other conventional BB indicators are;
-If you set higher timeframe BB(MTF BB), it will also be shown on further higher time frames.
i.e. If you set 4hour chart BB on 1 hour or lower time frame charts, it will also appear on daily and weekly chart, which is not necessary.
-One indicator displays one BB only which impacts the number of indicators that you can set(depending on your account plan)
-One indicator displays one band only. If you need 1-3ς, you need to add the same BB indicator.
To tackle these problems, this indicator has incorporated functions below.
-Control timeframes where BB is displayed to eliminate unnecessary information on higher time frames.
-One indicator contains 3 BB with 3 bands(minus 1-3ς & plus 1-3ς) which contributes to save the number of indicators that you can set.
These are the value added on this indicator.
Spec
-This indicator shows daily BB, 4 hour BB and 1 hour BB.
To be clear, daily BB means that BB created based on daily chart , which can be shown on lower timeframes.
-Each BB displays 3 bands(minus 1-3ς & plus 1-3ς) and middle line
-Display of each band can be parameterized to show and not to show
e.g. Showing only plus/minus 2 and 3ς etc.
-The middle line adopts SMA ( simple moving average ) only and you can set period of SMA .
-Each BB will be shown as follows based on timeframes that you select.
Daily BB: Shown on daily, 4hour, 1 hour, 30M, 15M, 5M and 1M chart
(Weekly and Monthly chart does not show BB)
4hour BB: Shown on 4hour, 1 hour, 30M, 15M, 5M and 1M chart
(Daily, Weekly and Monthly chart does not show BB)
1hour BB: Shown on 1 hour, 30M, 15M, 5M and 1M chart
(4hour, Daily, Weekly and Monthly chart does not show BB)
-Each BB can be enabled and disabled by ticking checkbox.
e.g. On 1 hour chart, you can disable 4 hour BB and show daily BB only etc.
Please see the sample chart below.
Sample chart with the indicator
Daily chart
4hour chart showing daily BB and 4H BB
1hour chart showing daily BB, 4H BB and 1H BB
5Mchart showing daily BB, 4H BB and 1H BB
Journey to use indicator
This indicator is paid indicator and invited-only indicator.
Please contact me via private chat or follow links in my signature so that we can initiate the process to access the indicator
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日足、4時間足、1時間足の3つのボリンジャーバンド(プラスマイナス1-3シグマのバンド)を下位足含めて表示するマルチタイムフレームボリンジャーバンドのインジケーターです。
インジケーターの目的
上位足のボリンジャーバンドを下位足に表示することで、レジサポの判断に使うことを想定しています。
他のボリンジャーバンドインジケーターとの違い
他のボリンジャーバンドインジケーターでは、よく以下の問題に直面します。
・上位足のボリンジャーバンドを表示しようとすると、さらに上位足でもそのバンドが表示されチャートがみにくくなる。
例: 4時間足のボリンジャーバンドを下位足で表示可能な様に設定すると、日足や週足でも表示され、チャートがノイズだらけに・・・
・一つのインジケーターでは一つのボリンジャーバンドのみ表示。異なる時間軸のボリンジャーバンドを表示しようとするとその数だけインジケーターを追加する必要あり。
・バンドが一つしか設定できず、1-3シグマまで表示しようとするとインジケーターを追加する必要がある。
これらの問題に対して、このインジケーターでは、
・ボリンジャーバンドを表示する時間軸を制御することで上位足側で不必要な情報を表示させない。これによりチャートをスッキリ見やすくすることができる。
・一つのインジケーターで3つの異なる時間軸のボリンジャーバンドを表示し、かつそれぞれでプラスマイナス1-3のバンドを表示することでインジケーター数を節約。
という機能を加えることでこれらの問題を解決しています。
これがこのインジケーターが提供する付加価値だと考えています。
仕様
機能概要
・このインジケーターでは日足、4時間足、1時間足の3つの時間軸のボリンジャーバンドを表示します。
・それぞれのボリンジャーバンドはプラスマイナス1-3シグマまでのバンドと基準線を表示します。
・各バンドは表示・非表示の切り替えが可能です。(例: プラスマイナス2、3シグマのみ表示など)
・各ボリンジャーバンドの基準線(ミドルライン)はSMA(単純移動平均線)です。移動平均線の期間は自由に設定できます。
・各ボリンジャーバンドは表示しているチャートの時間軸に応じて以下の様に表示されます。
日足のボリンジャーバンド : 日足, 4時間足、1時間足、30分足、15分足、5分足、1分足チャートにのみ表示(週足以上では非表示の仕様です。)
4時間足のボリンジャーバンド : 4時間足、1時間足、30分足、15分足、5分足、1分足チャートにのみ表示(日足以上では非表示の仕様です。)
1時間足のボリンジャーバンド : 1時間足、30分足、15分足、5分足、1分足チャートにのみ表示(4時間足以上では非表示の仕様です。)
・各ボリンジャーバンドは表示・非表示のフラグをON/OFFにすることで表示を制御することができます。
例えば1時間足のチャートでは日足のボリンジャーバンドのみを表示し、4時間足のボリンジャーバンドを表示させない、など。
サンプルチャート
日足
日足では日足ボリンジャーバンドしか表示されない設定ですので、4時間足や1時間足の設定が邪魔になりません。
ここが他のボリンジャーバンドインジケーターと違う点です。
4時間足
4時間足に日足と4時間足のボリンジャーバンドを表示した状態です。不要な場面では両方もしくはいずれか一方を非表示にすることができます。
1時間足
1時間足に日足と4時間足と1時間足のボリンジャーバンドを表示した状態です。
5分足
5分足に全てのボリンジャーバンドを表示したチャートです。
短期トレードで上位足ボリンジャーバンドによる反発を狙う時などに活用できるのではないでしょうか。
インジケーターの使用について
当インジケーターは招待制インジケーター(有料)となっています。
使用を希望される方はプライベートチャットや下記リンクのDMでご連絡ください。
このページのコメント欄はインジケーターそのものに対するコメントやアップデートの記載のためのものとなっております。Tradingviewのハウスルールを守るためにもコメント欄からの連絡はご遠慮ください。
TradeChartist Risk Meter™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗥𝗶𝘀𝗸 𝗠𝗲𝘁𝗲𝗿 is a very useful and a well designed indicator, that packs a range of Risk utility tools including Trend Based Stochastic Oscillator, Bollinger Bands %B , Volatility Risk Oscillator, RSI Oscillator and RSI Risk Oscillator, along with further visual risk assessment tools like Divergence Spotter, Trend based Strength detector among other useful extras.
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™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗥𝗶𝘀𝗸 𝗠𝗲𝘁𝗲𝗿 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹
The user can choose from one of the following four option from the 𝗥𝗶𝘀𝗸 𝗠𝗲𝘁𝗲𝗿 𝗧𝘆𝗽𝗲 dropdown from the settings.
1. Trend Based Stochastic
2. Bollinger Bands %B
3. Volatility Risk Oscillator
4. RSI + RSI Risk Oscillator
The source price for the Risk Meter can be chosen from Sᴏᴜʀᴄᴇ dropdown. Both Trend Based Stochastic and Volatility Risk Oscillator use High/Low prices as default. Enable Usᴇ Sᴏᴜʀᴄᴇ Pʀɪᴄᴇ under respective section to use a different source price.
Users can choose to plot Risk Meter background fill by enabling or disabling Rɪsᴋ Mᴇᴛᴇʀ Bᴀᴄᴋɢʀᴏᴜɴᴅ . The background fill is based on the trend intensity and uses 2 different colour schemes based on user preference. When the Dᴇᴄɪᴅᴇʀ Tʜʀᴇsʜᴏʟᴅ is used, it uses the background fill to mask the zone. If background fill is disabled, orange colour is used to mask the zone.
All of the Risk Meter plots can be plotted as Line , Histogram or Area plots and each of the sections include the Pʟᴏᴛ Sᴛʏʟᴇ option, so the user can choose a specific type of plot style for each of the Risk Meter Oscillators, based on user preference.
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═══ 𝟭. 𝗧𝗿𝗲𝗻𝗱 𝗕𝗮𝘀𝗲𝗱 𝗦𝘁𝗼𝗰𝗵𝗮𝘀𝘁𝗶𝗰 ═══
Trend Based Stochastic Oscillator is a modified version of the classic Stochastic Oscillator with the difference being the limits and also the plot itself to an extent.
--> Trend based Stochastic is a single plot oscillates between -100 to +100 and occasionally breaches these limits and can signal extremely overbought or oversold conditions unlike classic Stochastic indicator, which has two plots and strictly oscillates between 0-100.
--> Trend based Stochastic is extremely sensitive to price action, making it possible to detect every single divergence, both regular and hidden, even with the default smoothing factor of 5
--> Risk Meter employs Dᴇᴄɪᴅᴇʀ Tʜʀᴇsʜᴏʟᴅ to let user choose the threshold limit and only from this point onwards, Risk Meter detects the divergences. This helps filter a lot of noise in addition to Price and Oscillator Pivot detection under 𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲𝘀 section.
The user has to choose the length for the Trend based Stochastic plot by entering number of bars in Lᴏᴏᴋʙᴀᴄᴋ Lᴇɴɢᴛʜ input box (Default value is 55). The user can also change the smoothing factor from default value of 5 by entering the value in Sᴍᴏᴏᴛʜɪɴɢ input box. Smoothing is particularly useful to detect the strength, based on the trend if 𝐂𝐨𝐥𝐨𝐫 𝐙𝐨𝐧𝐞𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡 is enabled and the required trend length is entered in Tʀᴇɴᴅ Sᴛʀᴇɴɢᴛʜ Dᴇᴛᴇᴄᴛɪᴏɴ Lᴇɴɢᴛʜ . This feature splits the Risk Meter Plot into Bull and Bear zones based on the trend strength. HIgher Smoothing with default trend strength detection of 5 (upto 10) works well for sensitive price hugging scalps/swings. For longer trends, higher detection lengths can be used.
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════ 𝟮. 𝗕𝗼𝗹𝗹𝗶𝗻𝗴𝗲𝗿 𝗕𝗮𝗻𝗱𝘀 %𝗕 ═════
Bollinger Bands %B in Risk Meter oscillates between -100 to +100 rather than 0 - 1 in the classic version, with oversold/overbought levels breaching the limits and the plot is exactly the same otherwise.
Risk Meter employs Dᴇᴄɪᴅᴇʀ Tʜʀᴇsʜᴏʟᴅ for Bollinger Bands %B to let the user choose the threshold limit and only from this point onwards, Risk Meter detects the divergences. This helps filter a lot of noise in addition to Price and Oscillator Pivot detection under 𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲𝘀 section.
The user has to choose the Simple Moving Average (SMA) length for the plot by entering number of bars in BB SMA Lᴇɴɢᴛʜ input box (Default value is 20). There is no need for Standard Deviation as the fundamental plot is exactly the same, given that the plot oscillates between -100 to +100. The user can also change the smoothing factor from default value of 5 by entering the value in Sᴍᴏᴏᴛʜɪɴɢ input box. Smoothing is particularly useful to detect the strength, based on the trend if 𝐂𝐨𝐥𝐨𝐫 𝐙𝐨𝐧𝐞𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡 is enabled and the required trend length is entered in Tʀᴇɴᴅ Sᴛʀᴇɴɢᴛʜ Dᴇᴛᴇᴄᴛɪᴏɴ Lᴇɴɢᴛʜ . This feature splits the Risk Meter Plot into Bull and Bear zones based on the trend strength. HIgher Smoothing with default trend strength detection of 5 (upto 10) works well for sensitive price hugging scalps/swings. For longer trends, higher detection lengths can be used.
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══════ 𝟯. 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝗥𝗶𝘀𝗸 ═══════
Volatility Risk Oscillator is an original ™TradeChartist model designed to visually see the Volatility risk for the security on any time frame.
To plot Volatility Risk for the security, the user has to enter the number of bars to detect volatility risk in Lᴏᴏᴋʙᴀᴄᴋ Lᴇɴɢᴛʜ input box (Default Value is 55). The user can also change the smoothing factor from default value of 5 by entering the value in Sᴍᴏᴏᴛʜɪɴɢ input box. Smoothing is particularly useful to detect the strength based on trend if 𝐂𝐨𝐥𝐨𝐫 𝐙𝐨𝐧𝐞𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡 is enabled and required trend length is entered in Tʀᴇɴᴅ Sᴛʀᴇɴɢᴛʜ Dᴇᴛᴇᴄᴛɪᴏɴ Lᴇɴɢᴛʜ . This feature splits the Risk Meter Plot into Bull and Bear zones based on the trend strength. HIgher Smoothing with default trend strength detection of 5 (upto 10) works well for sensitive price hugging scalps/swings. For longer trends, higher detection lengths can be used.
Even though Divergences work on Volatility Risk Oscillator, it is not employed as it produces far too many and there is no set Threshold limit that can be set to filter the divergences.
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══════ 𝟰. 𝗥𝗦𝗜 𝗢𝘀𝗰𝗶𝗹𝗹𝗮𝘁𝗼𝗿 ═══════
There are two different types of RSI Oscillators in this section that can be plotted.
RSI Oscillator - Classic RSI modified to fit -100 to +100 scale rather than 0 - 100 scale. Risk Meter employs Dᴇᴄɪᴅᴇʀ Tʜʀᴇsʜᴏʟᴅ for RSI Oscillator also, to let the user choose the threshold limit and only from this point onwards, Risk Meter detects the divergences. This helps filter a lot of noise in addition to Price and Oscillator Pivot detection under 𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲𝘀 section.
RSI Risk Oscillator - This oscillator plots the potential RSI risk based on RSI length (which can be changed in RSI Lᴇɴɢᴛʜ input box and main source price ( Sᴏᴜʀᴄᴇ ). The user can also change the smoothing factor from default value of 5 by entering the value in Sᴍᴏᴏᴛʜɪɴɢ input box. Smoothing is particularly useful to detect the strength, based on the trend if 𝐂𝐨𝐥𝐨𝐫 𝐙𝐨𝐧𝐞𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡 is enabled and the required trend length is entered in Tʀᴇɴᴅ Sᴛʀᴇɴɢᴛʜ Dᴇᴛᴇᴄᴛɪᴏɴ Lᴇɴɢᴛʜ . This feature splits the Risk Meter Plot into Bull and Bear zones based on the trend strength. Higher Smoothing with default trend strength detection of 5 (upto 10) works well for sensitive price hugging scalps/swings. For longer trends, higher detection lengths can be used.
To plot RSI Risk Oscillator, 𝐒𝐡𝐨𝐰 𝐑𝐒𝐈 𝐑𝐢𝐬𝐤 𝐎𝐬𝐜𝐢𝐥𝐥𝐚𝐭𝐨𝐫 must be enabled. Disabling this option plots normal RSI Oscillator.
The 4hr chart of BTC-USDT below shows use of RSI Risk Oscillator (Top) with RSI Oscillator (bottom).
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╔═══════ 𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲𝘀 ═══════╗
Risk Meter detects both Regular and Hidden Bullish and Bearish Divergences at every occurence. This can be filtered by the use of Dᴇᴄɪᴅᴇʀ Tʜʀᴇsʜᴏʟᴅ in above sections. To plot divergences, enable
𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲𝘀, Sʜᴏᴡ Rᴇɢᴜʟᴀʀ Dɪᴠᴇʀɢᴇɴᴄᴇs and Sʜᴏᴡ Hɪᴅᴅᴇɴ Dɪᴠᴇʀɢᴇɴᴄᴇs . All divergences are enabled as default.
Users can further filter Divergences by entering the number of bars to the right in Rɪɢʜᴛ ʙᴀʀs ғᴏʀ Pɪᴠᴏᴛ Cᴏɴғɪʀᴍᴀᴛɪᴏɴ input box to confirm the Price Pivot (for Regular divergences) and Oscillator Pivot (for Hidden Divergences).
The example chart of 4hr BTC-USDT chart shows the Divergences filtered by use of RSI Threshold. It is important to note that the trend intensity colour on the plot and bars (if bar colour option is enabled) will help detect if the Divergence would hold.
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╔═══════ 𝗨𝘀𝗲𝗳𝘂𝗹 𝗘𝘅𝘁𝗿𝗮𝘀 ═══════╗
Risk Meter offer two vibrant Colour Themes, namely Chilli and Flame , which can be opted from Rɪsᴋ Mᴇᴛᴇʀ Tʜᴇᴍᴇ dropdown. These themes also offer the option to plot the trend intensity on the price bars as bar colours by enabling Rɪsᴋ Mᴇᴛᴇʀ Cᴏʟᴏᴜʀ Bᴀʀs . Bar colors can also be inverted using Iɴᴠᴇʀᴛ Bᴀʀ Cᴏʟᴏᴜʀ option.
Users can also choose to use the Simple theme and choose preferred colours from Sɪᴍᴘʟᴇ Tʜᴇᴍᴇ ʙᴜʟʟ Cᴏʟᴏᴜʀ and Sɪᴍᴘʟᴇ Tʜᴇᴍᴇ ʙᴇᴀʀ Cᴏʟᴏᴜʀ colour input.
Note: The indicator does not repaint and can be confidently used for alerts and trade entries without worrying about plots disappearing after bar close.
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Example Charts
1. 89 period Trend Based Stochastic Oscillator as Histogram plot on LINK-USDT 1hr chart with Chilli Theme.
2. 89 period Volatility Risk Oscillator as Histogram plot on SPX 1hr chart with Chilli Theme.
3. 14 period RSI Risk Oscillator as Area plot on AAPL Daily Chart with Flame Theme.
4. 100 period Volatility Risk Oscillator using Trend Strength plotted as Zones on 1hr EUR-USD chart with Chilli Theme.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Stock Market Strategy : VWAP, MACD, EMA, Breakout, BBHello there,
Today I bring you a stock market strategy, specialized in NASDAQ stocks.
Its a daytrading strategy, that can only do a max of 1 trade per day. In this case it only trades the first 2 opening hours of the market.
The rules are simple :
We follow the trend based on a big EMA, in this case 200, after that, we check for VWAP direction , then, we check histogram from MACD. This is the simple logic of the strategy.
Inside there is another strategy, that not just do the above, but also uses Bollinger bands, and checks for breakout of bottom or top line. Also it uses Average directional Index, for even a bigger criteria .
So for example a long condition it would be : candle is above the ema, and candle is above vwap, and histogram is positive, and candle break the top bb level and ADI < 40 -> long signal . The opposite works for short(ADI > 20).
In this case all this criterias are between the first 2 hours of market. So we enter between the first hour, and exit in the next hour. For this we need to use very short time frames.
Hope you enjoy it.
Let me know if you have any questions
Volatility Squeeze Region IndicatorVolatility Squeeze Indicator conditions based on lowest ATR ,proportion of Bollinger and keltner channel upper and lower bands. Usage to identify and highlight Squeeze region when if indicator value <1 means Squeeze On and >1 means Squeeze off .
Additionally Background Highlights for Daily(Blue), Weekly(Brown) and Monthly(purple) Squeeze regimes for confluence check. For Breakouts and trades use appropriate Price Action and in conjunction other indicators.