Buy/Sell Toolkit (Expo)█ Overview
The Buy/Sell Toolkit is a comprehensive trading tool designed to provide a holistic approach to trading. It brings together essential trading indicators and features in one place, simplifying the trading process and offering valuable insights into the market.
The indicator serves as an all-inclusive solution for traders seeking in-depth technical insights. While the Buy/Sell Toolkit can be utilized alongside other technical analysis methods, it can also be used as a standalone toolkit, adaptable to any trading style. In addition, each feature is thoughtfully integrated because not all technical indicators are suitable for every market condition or trading style.
The Buy/Sell toolkit works in any market and timeframe for discretionary analysis and includes many features:
█ Features
Buy/Sell signals: This feature provides real-time Buy/Sell trading signals for any market and timeframe. These signals are based on the trend.
Contrarian Signals: This feature provides real-time contrarian signals to take a position against the prevailing market trend.
Ultimate Trend: This feature assists in identifying the overall trend of the market, recognizing whether the market is in an uptrend, downtrend, or sideways.
Trend Advisor: The Trend Advisor helps traders understand the trend's strength, duration, and direction.
Trend Reversal: This feature identifies potential points where the current market may reverse within a trend. It's basically a trend-following line based on reversal calculation; it helps traders catch trend continuation setups.
Momentum Average: This indicator measures the rate of change in prices to identify the strength of the current trend. It can be beneficial for spotting potential price breakouts or warning of a market slowdown and pullbacks.
Take Profit Points: This feature suggests optimal points to exit a trade and lock in profits. It determines these points by using various factors such as volatility, support and resistance levels, and historical price movements.
Candle Coloring, Arithmetic Candlesticks, including Arithmetic Heikin Ashi: This feature provides an excellent visual aid to assist traders in recognizing patterns, identifying trends, and optimizing their trading strategies. The Arithmetic Candlesticks help smooth out price volatility and identify market trends more clearly.
Reversal Cloud: This innovative feature provides a graphical representation of potential price reversal zones. The cloud helps traders visualize where the price might reverse its trend.
Trend Cloud: Similar to the Reversal Cloud, this feature visualizes the prevailing market trend, making it easy for traders to understand the direction of the market at a glance.
Signal Optimizer: The Signal Optimizer is a powerful tool that optimizes the Buy/Sell and contrarian signals based on win-rate or performance. It automatically applies the best settings to the signals, freeing traders from the task of constantly adjusting them. This helps traders to get the most reliable signals automatically, enhancing their trading efficiency.
█ How to use the Buy/Sell Toolkit?
Here are a few illustrative examples to provide traders with a better understanding of the Toolkit's practical usage. These examples showcase the combination of features, but it's important to note that they serve as demonstrations, and we encourage traders to explore and adapt the features to align with their unique trading styles.
Buy/Sell Signals & Take Profit
Optimized Buy/Sell signals & Candle Color + Trend Advisor + Reversal Cloud
Contrarian Signals & Take Profit
,with Reversal Cloud
Optimized Contrarian Signals & Ultimate Trend & Reversal Cloud
Trend Cloud
Filter signals with Trend Cloud
█ Why is this Buy/Sell Toolkit Needed?
The Buy/Sell Toolkit is an exceptional tool for traders because it consolidates several critical trading indicators into a single, user-friendly platform. The Toolkit's holistic approach to market analysis can enhance decision-making, reduce guesswork, and improve overall trading performance. Additionally, it allows traders to customize their approach according to the market conditions and their trading style.
The Toolkit's automated features, such as the Signal Optimizer, save time and effort, making it easier for both new and experienced traders. In addition, its comprehensive suite of features ensures traders have all the information they need to make informed trading decisions. All these features make the Buy/Sell Toolkit a powerful ally in any trader's arsenal.
Here's why this Toolkit is essential:
Comprehensive Market Analysis: The Toolkit offers a wide range of indicators and tools for comprehensive market analysis, from trend detection to momentum analysis. This reduces the need for multiple tools and allows for a more efficient trading process. By providing a host of indicators like Buy/Sell signals, Contrarian Signals, Trend Analysis, and Momentum Average, the Toolkit helps traders make well-informed decisions based on comprehensive data and trend analysis.
Automation and Time-Saving: The Signal Optimizer automatically applies the best settings to the signals based on win rate or performance. This saves time and ensures the signals' reliability, reducing, it makes the trading process efficient and hassle-free.
Versatility: The Toolkit is versatile and can be used for various financial markets, including stocks, forex, commodities, or cryptocurrencies. Regardless of the market you trade in, the Buy/Sell Toolkit has something to offer.
Visual Tools: The Toolkit provides visual tools like Reversal Cloud, Trend Cloud, Trend lines, Candle coloring, and much more, which are excellent for visualizing market trends and potential reversal zones. This can make the process of understanding market movements more intuitive and less intimidating, especially for novice traders.
Confirmation: By using multiple indicators in conjunction with each other, traders can confirm signals and improve the accuracy of their trades.
Learning and Development: The Toolkit serves as an excellent resource for both novice and experienced traders to learn about different trading indicators, how they interact, and how to use them effectively.
█ Any Alert Function Call
This function allows traders to combine any feature and create customized alerts. These alerts can be set for various conditions and customized according to the trader's strategy or preferences.
█ How are the features calculated? - Overview
The Toolkit combines many of our existing premium indicators and new technical analysis algorithms to analyze the market. This overview covers how the main features are calculated.
Buy/Sell
The core function calculates the Exponential Weighting for a given time series X over a period T. The time series is based on absolute price changes. It focuses on the magnitude of price changes from one period to the next, irrespective of the direction (up or down). This type of time series can be used to measure the volatility of a price series, as it quantifies the size of price movements. It's useful in scenarios where the direction of the change is not as important as the magnitude of the change.
Contrarian Signals
Our contrarian signals are based on deviation from the expected range value. The algorithm quantifies the amount of variation or dispersion in a set of trading ranges. Non-expected values are the fundamental core of the signal generation process.
Ultimate Trend
The Ultimate trend calculates an adaptive smoothing momentum function by first determining the directional price movement and then applying smoothing to the positive and negative price changes. It then uses these values to calculate a form of Variable Moving Average (VMA), where the smoothing factor is adjusted based on a normalized measure of the relative difference between the Positive and Negative Directional values.
Trend Advisor
It's a form of Moving Averages that are applied to the price chart using three different weighting functions, simple weighting, price volatility smoothing constant weighting, and the traditional EMA weighting function.
Trend Reversal and Cloud
The function uses the information on how much the current price compared to the relative historical price fluctuates over a specific period and automatically updates its equilibrium value at new price changes.
Momentum Average
Essentially, it uses a modified version of the relative rate of change over a certain period.
Take Profit
The take profit uses similar range price functions as the contrarian signals, where a take profit signal is triggered at extremely abnormal values.
Candles
Note, Using and Backtesting on non-standard charts produces unrealistic results since it does not represent the closing price. The candles are based on a smoothing process that finds the best smoothing coefficient for the current data, using close as time series.
█ In conclusion , The Buy/Sell Toolkit serves as a comprehensive, user-friendly, and efficient trading assistant. It brings automation and intelligent data play-by-play to your fingertips, making it an essential tool for anyone serious about trading.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Buysellstrategy
Z Algo (Expo)█ Overview
Z Algo (Expo) is a sophisticated and user-friendly trading tool designed to meet the needs of both novice and seasoned traders. With its real-time signals, trend analysis, and risk management capabilities, this tool can be a valuable addition to any trader's toolkit.
█ Main Features & How to Use
Buy/Sell signals: Z Algo provides real-time buy and sell signals, which assist traders in identifying the most opportune moments to enter or exit a trade.
Strong Buy/Sell signals: In addition to regular buy and sell signals, the tool also offers strong buy and sell signals. These are generated when the market conditions align with a higher probability of a significant price movement.
Sniper Signals: This feature is specifically designed for contrarian traders who look to exploit temporary market inefficiencies or take advantage of price reversals. When enabled, Sniper Signals identify potential market turning points, offering traders the opportunity to profit from sharp price fluctuations.
Reversal Cloud: The Reversal Cloud is a unique visual representation of the market's potential trend reversals. It offers traders an easy-to-understand display of changing market dynamics, enabling them to quickly identify potential entry and exit points based on trend reversals.
Support and Resistance (S/R) Levels: Z Algo automatically calculates and displays support and resistance levels on the chart. These are crucial price points where buying or selling pressure may change, providing valuable insights for traders looking to enter or exit positions based on these levels.
Trend Tracker: This feature helps traders monitor and analyze the prevailing market trend. Trend Tracker identifies and highlights the direction of the trend, allowing traders to align their strategies accordingly and increase their chances of success.
Trend Background Color: To improve the user experience and simplify the interpretation of market data, Z Algo changes the chart's background color based on the identified trend direction. This visual cue makes it easier for traders to recognize bullish or bearish trends at a glance.
Bar Coloring: In addition to the trend background color, Z Algo also provides bar coloring for both contrarian and trend bars. This feature helps traders visualize price movements and trends more effectively, enabling them to identify potential opportunities for both trend-following and contrarian trading strategies.
Risk Management: The tool incorporates risk management features that help traders to protect their capital and maximize potential returns. Users can set stop-loss and take-profit levels, as well as customize their risk exposure according to their individual preferences and trading style.
█ Calculations
█ What are the Buy/Sell signals based on?
The Buy/Sell signals use volatility and price range with a weighting function that can help reduce lag and respond faster to recent price changes. The function gives more weight to the most recent volatility values and absolute price changes, making the algorithm more responsive to changes in volatility and price moves. Using a model that factors in both price changes and volatility gives a bias toward more recent data. This advanced approach to trading signal generation incorporates the concepts of trend following and mean reversion while accounting for changing market volatility.
Traditional systems often use fixed parameters, which may not adapt quickly to changes in market conditions. This can lead to late entries or exits, potentially reducing profitability or increasing risk. Our algorithm uses a weighting function to give more importance to recent volatility values, and absolute price changes can make these signals more responsive. This is especially useful in dynamic markets where price swings and volatility can change rapidly.
Adapting to Recent Price Changes: Markets can often exhibit trending behavior over certain periods. By weighing recent price changes more heavily, the model can quickly identify and react to the emergence of new trends. This can lead to earlier entries in a new trend, potentially increasing profitability.
Adapting to Recent Volatility Changes: Markets can shift from low to high volatility regimes (and vice versa) quite rapidly. A model that gives more weight to recent volatility can adapt its signals to these changing conditions. For example, in high volatility conditions, the model might generate fewer signals to reduce the risk of false breakouts. Conversely, in low volatility conditions, the model might generate more signals to capitalize on trending behavior.
Adaptive Trading: The approach inherently leads to an adaptive trading system. Rather than using fixed parameters, the system can adjust its behavior based on recent market activity. This can lead to a more robust system that performs well across different market conditions.
█ What are the Sniper signals (contrarian signals) based on?
Our contrarian signals are based on deviation from the expected value. The algorithm quantifies the amount of variation or dispersion in a set of values. Non-expected values are the fundamental core of the signal generation process.
█ Reversal Cloud Calculation
The cloud uses the information of how much the price fluctuates over a specific time period and updates its equilibrium value automatically at new price changes. The price changes are used to predict what will happen next, and the band adapts accordingly. The algorithm assumes that past price changes can predict future market behavior.
█ Support and Resistance (S/R) Levels Calculation
The support and resistance levels use historical overbought and oversold levels combined with a weighted atr function to predict future support and resistance areas. This calculation can potentially give traders a great heads-up on where the price may find support and resistance at.
█ Trend & Bar coloring Calculation
Trend calculations with dynamic events are key in ever-changing markets. The main idea of the calculation method is to find the mathematical function that best fits the data points, by minimizing the sum of the squares of the vertical distances of each data point from the equilibrium. The outcome is a function that finds the best mathematical description of that data. Hence the trend output may vary depending on the asset and timeframe. A unique approach where the same settings can give different results.
█ Risk Management Calculation
The risk management system is not unique in itself and contains everything that can help traders to manage their risk, such as different types of stop losses, Take Profits calculations.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Simple Buy Sell SignalsIt is a simple indicator that provides buy or sell signals based on the intersection of two EMAs and a simple moving average (SMA). once the Relative Strength Index has confirmed it. For greater accuracy, add additional indicators like stochastic RSI, MACD, etc. Use only for intraday trading, Not for Positional Trading
TT Price/Trend IndicatorThe TT Price/Trend Indicator identifies potential trend changes and advises of safe places to set orders at retracements.
Main Signals:
When a "BUY" signal prints, it is suggested to set a buy order at the Blue trendline and wait until price retraces back.
When a "SELL" signal prints, it is suggested to set a short order at the Blue trendline and wait until price rises up.
Take Profit:
The Reactive Trendline (the thick line that switches from Green to Red, and Red to Green frequently) is good at finding local bottoms.
It is suggested to Take Profit on your Long once you see the first switch from Green to Red. If the Reactive Trendline is already Red when your LONG order is filled, wait until it goes from Red-Green-Red to Take Profit.
It is suggested to Take Profit on your Short once you see the first switch from Red to Green. If the Reactive Trendline is already Green when your SHORT order is filled, wait until it goes from Green-Red-Green to Take Profit.
Stop Loss Suggestions:
If you are LONG (BUY), set your Stop/Loss to slightly below the last Higher Low (HL)
If you are SHORT (SELL), set your Stop/Loss to slightly above the last Lower High (LH)
Alternatively, if you want to maximise your Risk:Reward ratio, you can CLOSE your order once a candle engulfs and closes over both the Blue Line AND the Grey Line. Once these levels are broken and you are underwater, the risk to hold that position is no longer worth it. However, this approach can shake you out of winning trades, so I advise you to use other strategies such as Volume, Fibonnaci and RSI etc to help you make a final decision.
Important: If you are taking this approach, don't panic sell - wait for the close of the current engulfing candle to make this decision, because quite often it will just be a wick up or down in your favour.
What are the best Strategies?
The best timeframes are as follows:
- 1 Hour
- 2 Hour
- 4 Hour
- 1 Day
- 1 Week
My Favourite is 1 Hour.
Scalping for advanced traders:
- 1 minute
- 5 minutes
If you are scalping, it is highly recommended to use the TT Volume Indicator as well, to confirm price with volume (see scripts under my profile). Price on its own will not be good enough.
I also recommend the RSI with a 14 SMA to identify Strength breakouts.
Other Features:
- VWAP (Dotted Red/Green line) - this is common liquidity and can be one of the most important Support/Resistance levels in Crypto, which is why it is included.
Can you FOMO order?
Unless you are using this with a combination of other indicators (such as the TT Volume Indicator), it is not recommended to FOMO orders at the "BUY" or "SELL" signal unless you have a clear volume breakout. Please see this explanation on FOMO ordering for further information:
Relative Candle Volatility & Directionality IndexThis is an enhanced (closed-source) implementation of the Relative Candle Volatility Index (RCVI), with a Relative Candles Directionality Index (RCDI) added.
When the RCVI switch significantly positive, it indicates a sudden increase in volatility ; whereas, when the RCVI switch significantly negative, it indicates a sudden decrease in volatility -- in relative to the (just prior) market trend.
A positive (green) RCDI indicates a net positive price trend, while a negative (red) RCDI indicates a net negative price trend.
Buy/Sell strategy circle-markers, derived base on the interaction between the RCVI and the RCDI , are also introduced in this edition.
The parameters should be manually "history-matched", for a particular chart and time-frame, for the best result.
RCVI QUICK GUIDE:
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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (multi-levels standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
PDF (parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level)
and more to come.
Constructive feedback and suggestions are welcome.
~ JuniAiko
(=^~^=)v~
