Custom Signal IndicatorThis indicator generates a buy signal when the following conditions are met: #1: The 9-day moving average crosses above the 21-day moving average. #2: RSI is below 30. #3: MACD line crosses above the signal line. #4: Volume is higher than usual. Adjust the parameters to customize.
This is my first script, so bear with me and any suggestions on improving it are highly welcome!
المؤشرات والاستراتيجيات
Volume-Weighted Delta Strategy V1 [Kopottaja]Volume-Weighted Delta Strategy V1
Key Features:
Volume-Weighted Delta:
The strategy calculates a custom delta value based on the difference between the close and open prices, weighted by trading volume. This helps identify strong buying or selling activity.
ATR Channels:
The ATR channels are adjusted dynamically based on the delta value, which adds flexibility to the strategy by accounting for market volatility.
Moving Averages:
The strategy includes moving averages (SMA and EMA) for trend detection and signal confirmation. The 20-period EMA changes color based on the relationship between the delta value and its moving average.
Signal Logic:
Bullish Signals: Generated when the delta moving average crosses above the delta value, and the price crosses above the upper ATR band.
Bearish Signals: Generated when the delta moving average crosses below the delta value, and the price crosses below the lower ATR band.
Exit Conditions: Positions are closed based on reverse crossovers or specific ATR band thresholds.
Customizable Parameters:
Delta length, moving average length, ATR period, and volume thresholds are adjustable to suit various trading styles and instruments.
Optimized for Bitcoin on a 5-Minute Timeframe:
This strategy is particularly effective for trading Bitcoin on a 5-minute timeframe, where its sensitivity to volume and volatility helps capture short-term price movements and breakout opportunities.
Visual Outputs:
EMA plotted with dynamic colors indicating bullish (green) or bearish (red) conditions.
ATR channels (upper and lower bands) plotted in green to outline volatility zones.
Signals are logged in the strategy to automate buy/sell decisions.
This strategy is ideal for traders seeking to incorporate volume and volatility dynamics into their decision-making process, especially for short-term Bitcoin trading. It excels at identifying potential trend reversals and breakout opportunities in both trending and range-bound markets.
scan_wt_cross_set_1Bist100 hisselerini wt_cross gözüyle tarar, al veya sat sinyali veren hisseleri grafik üzerinde listeler. Sıkı veya rahat şekilde taramaya izin verir. Sıkı taramada aşırı sat bölgesinde al veya aşırı al bölgesinde sat veren hisseleri bulur.
scan_wt_cross_set_2Bist100 hisselerini wt_cross gözüyle tarar, al veya sat sinyali veren hisseleri grafik üzerinde listeler. Sıkı veya rahat şekilde taramaya izin verir. Sıkı taramada aşırı sat bölgesinde al veya aşırı al bölgesinde sat veren hisseleri bulur.
Holiday Cheer 🎄Features:
Snowflakes Animation: Creates a "falling snow" effect with small white circles drifting downwards.
Festive Candlesticks: Green for up candles, red for down candles, matching holiday vibes.
Greeting Label: Displays a cheerful holiday message on the chart
Trend Battery [Phantom]Trend Battery
Visualize Trend Strength with a Dynamic EMA Power Gauge
OVERVIEW
The Trend Battery indicator offers a clear, visual representation of trend strength based on the alignment of multiple Exponential Moving Averages (EMAs). It assigns a color-coded score to each bar, helping traders quickly assess the prevailing trend's power and direction.
CONCEPT
• Trend Strength Using EMAs: The indicator analyzes the alignment of 20 EMAs (8 to 200 periods) to gauge trend strength. The more EMAs align, the stronger the trend.
• Gradient-Based Visualization: Scores are mapped to a color gradient, transitioning from green (bullish) to purple (bearish), providing an intuitive visual representation of trend momentum.
HOW IT WORKS
Trend Battery calculates 20 EMAs and evaluates their alignment. When EMAs align in a strong trend, the bar colors change (as displayed in battery color key on chart) displaying a spectrum of colors from bright green (strong uptrend) to deep purple (strong downtrend).
• Dynamic Bar Colors:
o Green hues: Strong bullish trends.
o Purple hues: Strong bearish trends.
o Red hues: Weaker trends or potential transitions.
FEATURES
• Dynamic Color Coding: Easy-to-read and instantly assess trend.
• Customizable Transparency: Adjust bar color opacity to your preference.
• Optional EMA Display: Toggle individual EMA lines on/off for additional context.
• Compact Battery View: Quick reference table displaying the gradient color mapping.
SETTINGS
• Transparency: Controls the opacity of bar colors.
• Show EMAs on Chart: Enables/disables plotting of EMA lines.
USAGE
• Identify trend strength and direction.
• Confirm trend reversals or continuations.
• Complement other indicators and strategies.
• Monitor multi-timeframe trends.
TRADE IDEAS:
• For larger timeframes purple hues can be used for accumulating and green hues for distribution.
• For smaller timeframes, color transitions could be a signal for trend reversal, or corrections.
• It is a good idea to use larger timeframes for overall trend directions, and smaller timeframes for entries.
LIMITATIONS
• Lagging Indicator: As the Trend Battery relies on Exponential Moving Averages (EMAs), it is inherently a lagging indicator. This means it reflects past price action and may not always provide timely signals for rapid market changes or sudden reversals.
• False Signals in Sideways Markets: In ranging or consolidating markets, the indicator may produce mixed signals (frequent color changes) as EMAs intertwine without a clear trend. This can lead to false interpretations if not considered alongside other market context indicators.
• Not a Standalone System: The Trend Battery is designed to be a visual aid and should not be used as the sole basis for trading decisions. It's most effective when combined with other technical analysis tools, such as oscillators, support/resistance levels, and fundamental analysis.
DISCLAIMER
Use the Trend Battery indicator in conjunction with other forms of analysis and risk management. Past performance is not indicative of future results.
Santa's Secrets | FractalystSanta’s Secrets is a visually engaging trading tool that infuses holiday cheer into your charts. Inspired by the enchanting, mysterious vibes of the holiday season, this indicator overlays price charts with dynamic, multi-colored glitches that sync with market data, delivering a festive and whimsical visual experience.
The indicator brings a magical touch to your charts, featuring characters from classic holiday themes (e.g., Santa, reindeer, snowflakes, gift boxes) to create a fun and festive “glitch effect.” Users can select a theme for their matrix characters, adding a holiday twist to their trading visuals. As the market data moves, these themed characters are randomly picked and displayed on the chart in a colorful cascade.
Underlying Calculations and Logic
1.Character Management:
The indicator uses arrays to manage different sets of holiday-themed characters, such as Santa’s sleigh, snowflakes, and reindeer. These arrays allow dynamic selection and update of characters as the market moves, mimicking a festive glitch effect.
2. Current and Previous States:
Arrays track the current and previous states of characters, ensuring smooth transitions between visual updates. This dual-state management enables the effects to look like a magical, continuous movement, just like Santa’s sleigh cruising through the winter night.
3. Transparency Control:
Transparency levels are controlled through arrays, adjusting opacity to create subtle fading effects or more intense visual appearances. The result is a festive glow that can fade or intensify depending on the market’s volatility.
4. Rain Effect Simulation:
To create the “snowfall” or “glitching lights” effect, the indicator manages arrays that simulate falling characters, like snowflakes or candy canes, continuously updating their position and visibility. As new characters enter the top of the screen, older ones disappear from the bottom, with fading transparency to simulate a seamless flow.
5. Operational Flow:
• Initialization: Arrays initialize the characters and transparency controls, readying the script for smooth and continuous updates during trading.
• Updates: During each cycle, new characters are selected and the old ones shift, with updates in both content and appearance ensuring the matrix effect is visually appealing.
• Rendering: The arrays control how the characters are rendered, ensuring the magical holiday effect stays lively and eye-catching without interrupting the trading flow.
How to Use Santa’s Secrets Indicator
1. Apply the Indicator to Your Charts:
Add the Santa’s Secrets indicator to your chart, activating the holiday-themed visual effect on your selected trading instrument or time frame.
2. Select Your Holiday Theme:
In the settings, choose the holiday theme or character set. Whether it’s Santa’s sleigh, reindeer, snowflakes, or gift boxes, pick the one that brings the most festive cheer to your charts.
3. Choose Your Visual Effect (Snowfall or Glitch Burst):
Select between the “Snowfall” effect, where characters gently drift down the chart like snowflakes, or the “Glitch Burst” effect, where characters explode outward in a burst of holiday cheer, representing bursts of market volatility.
4. Adjust the Color for Holiday Vibes:
Customize the color of the characters to match your chart’s aesthetic or reflect different market conditions. Choose from red for a downtrend, green for an uptrend, or opt for a gradient of colors to capture a true holiday spirit.
5. Fit the Matrix to Your Display:
Adjust the width and height of the matrix display to make sure it fits perfectly with your chart layout. Ensure it doesn’t obscure your view while still providing the holiday-themed magic.
What Makes Santa’s Secrets Indicator Unique?
Holiday Theme Selection:
Santa’s Secrets allows traders to choose from a variety of holiday-themed characters. Whether you prefer the traditional Santa’s sleigh, snowflakes, reindeer, or gift boxes, you can bring the festive spirit into your trading. This personalized touch adds a fun, holiday twist to your charts and keeps you engaged during the festive season.
Dynamic Effects:
Choose between two exciting visual modes – Snowfall Mode or Glitch Burst Mode. The Snowfall Mode brings a gentle, peaceful effect with characters cascading down the chart like snowflakes, while Glitch Burst Mode creates a more intense effect, radiating characters outward in an explosive, holiday-themed display.
Customizable Holiday Colors:
Traders can fully customize the color of the matrix characters to match their trading environment. Whether you want a traditional red and green for a Christmas mood or a blue and white snow effect, Santa’s Secrets allows you to create the perfect holiday atmosphere while you trade.
Universal Display Compatibility:
No matter what screen or device you’re using – whether it’s a large monitor, laptop, or mobile – Santa’s Secrets is fully adjustable to fit your screen size. The holiday effect remains visually striking without compromising the integrity of your chart data.
Wishing you a happy year filled with success, growth, and profitable trades.🎅🎁
Let's kick off the new year strong with Santa's Secrets! 🚀🎄
SnowglobeA fun Christmas publication where snowflakes fall to the bottom, as in a Snowglobe.
☃️ Shake Snowglobe
- Set the settings as desired.
Position the chart so the current real-time bar at the right is still visible; otherwise, the snowflakes will not move.
- Simple move the chart a bit, zoom, or adjust the settings if you want to start over.
'White Theme' users will experience black snow, while 'Dark Themers' will get white snow! 😄
🎄 Pine Script™
- If the 'Amount' is 500 or lower, only label.new() is used, if higher, box.new() with text comes also in play.
- The size of the text is set with numeric values, a new feature of Pine Script™ version 6!
☃️ Settings
Amount: Maximum amount of snowflakes
Moving Flakes: Maximum amount of moving snowflakes per tick move
Max Speed: Maximum speed of tumbling snowflakes
Drift: Maximum bar distance of snowflakes' drift
Happy Holidays! 🎅🏻🧑🏻🎄
ASCII ARTASCII ART - Simple ASCII Art Display Indicator
A minimalist indicator that displays ASCII art on your TradingView charts. This tool allows you to add creative visual elements to your charts through ASCII art text.
Key Features
Input ASCII art through a text area
Choose from 9 display positions (top-left, top-center, top-right, middle-left, middle-center, middle-right, bottom-left, bottom-center, bottom-right)
Customize font size
Set font color
How to Use
Add the indicator to your chart
Input your ASCII art in the text area
Configure position, font size, and color
View your art on the chart
Settings
Text Area: Input field for ASCII art
Table position: Select display location
Font size: Set text size (0 for auto-adjust)
Font color: Choose text color
This script is created for educational purposes and does not provide trading signals. It is purely designed for displaying ASCII art on your charts to enhance visual customization.
Bitcoin Premium [SAKANE]Overview
"Bitcoin Premium " is an indicator designed to analyze the price differences (premiums) of Bitcoin between major exchanges. By using this tool, you can visualize these differences and trends across exchanges, helping you make more informed trading decisions.
Features
1. Premium Calculation and Display
- Calculates and visualizes the price differences between major exchanges like Coinbase, Bitfinex, Upbit, and Binance.
- Premiums are displayed in a histogram format for intuitive analysis.
2. Forex Rate Adjustment
- Prices quoted in KRW (e.g., from Upbit) are converted to USD using real-time KRW/USD forex rates.
3. Moving Average Option
- Displays moving averages (SMA or EMA) of premiums for a clearer view of long-term trends.
4. Customizable Settings
- Toggle the premium display for each exchange on or off.
- Includes label displays to support visual analysis.
What Can It Do for You?
1. Identify Arbitrage Opportunities
By observing price differences (premiums) between exchanges, you can identify arbitrage opportunities.
Example: If Bitcoin is cheaper on Binance and more expensive on Coinbase, you could buy on Binance and sell on Coinbase to capture the price difference.
2. Understand Regional Supply and Demand Trends
Each exchange's premium reflects the supply and demand dynamics of its respective region.
Example: A high premium on Upbit may indicate excess demand or regulatory impacts in the South Korean market.
3. Analyze Liquidity
Price differences often highlight liquidity disparities between exchanges. Markets with lower trading volumes tend to have larger premiums due to price distortions.
4. Evaluate Macroeconomic Impacts
Premium movements may reflect changes in macroeconomic factors, such as exchange rates, regulations, or financial conditions specific to each region.
5. Analyze Trends and Market Sentiment
By tracking premium trends, you can gauge market sentiment and understand regional or exchange-specific behaviors to inform your investment decisions.
6. Support Strategic Trading
This tool is useful for short-term arbitrage strategies as well as long-term evaluations of market health.
Exchange Characteristics and Premium Implications
The meaning of premiums varies by exchange.
- Coinbase (US Market)
Primarily used by investors buying directly with fiat currency (USD). A higher premium often signals bullish sentiment among institutional and retail investors.
- Bitfinex (Global Market)
A trader-focused exchange with active large-scale and leveraged trading. Premiums may reflect liquidity and risk appetite.
- Upbit (South Korean Market)
Priced in KRW, making it subject to forex rates and local market dynamics. High premiums may indicate strong demand or regulatory influences in South Korea.
- Binance (Global Market)
The largest exchange by trading volume. Premiums here are often a reflection of the overall market balance.
Notes
- This indicator is for reference only and does not guarantee trading decisions.
- Please consider the characteristics and conditions of each exchange when using this tool.
Milvetti_Pineconnector_LibraryLibrary "Milvetti_Pineconnector_Library"
This library has methods that provide practical signal transmission for Pineconnector.Developed By Milvetti
buy(licenseId, symbol, risk, sl, tp, beTrigger, beOffset, trailTrig, trailDist, trailStep, atrTimeframe, atrTrigger, atrPeriod, atrMultiplier, atrShift, spread, accFilter, secret, comment)
Create a buy order message
Parameters:
licenseId (string) : License Id. This is a unique identifier found in the Pineconnector Licensing Dashboard.
symbol (string) : Symbol. Default is syminfo.ticker
risk (float) : Risk. Function depends on the “Volume Type” selected in the EA
sl (float) : StopLoss. Place stop-loss. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
tp (float) : TakeProfit. Place take-profit. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
beTrigger (float) : Breakeven will be activated after the position gains this number of pips. Ensure > 0
beOffset (float) : Offset from entry price. 0 means the SL will be placed exactly at entry price. 1 means 1 pip above the entry price for buy trades and 1 pip below for sell trades.
trailTrig (int) : Trailing stop-loss will be activated after a trade gains this number of pips. Default is 0(inactive)
trailDist (int) : SL will be opened at traildist after trailtrig is met, even if you do not have a SL placed.. Default is 0(inactive)
trailStep (int) : Moves trailing stop-loss once price moves to favourable by a specified number of pips. Default is 0(inactive)
atrTimeframe (string) : ATR Trailing Stop will be based on the specified timeframe in minutes and will only update once per bar close. Default is Timeframe.Period
atrTrigger (float) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default is 0(inactive)
atrPeriod (int) : ATR averaging period. Default is 0
atrMultiplier (float) : Multiple of ATR to utilise in the new SL computation. Default is 1
atrShift (float) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default is 0
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips. Default is 0(inactive)
accFilter (float) : Enter the position only if the account requirement is met. Default is 0(inactive)
secret (string)
comment (string) : Comment. Add a string into the order’s comment section. Default is "Symbol+Timeframe"
sell(licenseId, symbol, risk, sl, tp, beTrigger, beOffset, trailTrig, trailDist, trailStep, atrTimeframe, atrTrigger, atrPeriod, atrMultiplier, atrShift, spread, accFilter, secret, comment)
Create a buy order message
Parameters:
licenseId (string) : License Id. This is a unique identifier found in the Pineconnector Licensing Dashboard.
symbol (string) : Symbol. Default is syminfo.ticker
risk (float) : Risk. Function depends on the “Volume Type” selected in the EA
sl (float) : StopLoss. Place stop-loss. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
tp (float) : TakeProfit. Place take-profit. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
beTrigger (float) : Breakeven will be activated after the position gains this number of pips. Ensure > 0
beOffset (float) : Offset from entry price. 0 means the SL will be placed exactly at entry price. 1 means 1 pip above the entry price for buy trades and 1 pip below for sell trades.
trailTrig (int) : Trailing stop-loss will be activated after a trade gains this number of pips. Default is 0(inactive)
trailDist (int) : SL will be opened at traildist after trailtrig is met, even if you do not have a SL placed.. Default is 0(inactive)
trailStep (int) : Moves trailing stop-loss once price moves to favourable by a specified number of pips. Default is 0(inactive)
atrTimeframe (string) : ATR Trailing Stop will be based on the specified timeframe in minutes and will only update once per bar close. Default is Timeframe.Period
atrTrigger (float) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default is 0(inactive)
atrPeriod (int) : ATR averaging period. Default is 0
atrMultiplier (float) : Multiple of ATR to utilise in the new SL computation. Default is 1
atrShift (float) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default is 0
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips. Default is 0(inactive)
accFilter (float) : Enter the position only if the account requirement is met. Default is 0(inactive)
secret (string)
comment (string) : Comment. Add a string into the order’s comment section. Default is "Symbol+Timeframe"
buyLimit(licenseId, symbol, pending, risk, sl, tp, beTrigger, beOffset, trailTrig, trailDist, trailStep, atrTimeframe, atrTrigger, atrPeriod, atrMultiplier, atrShift, spread, accFilter, secret, comment)
Create a buy limit order message
Parameters:
licenseId (string) : License Id. This is a unique identifier found in the Pineconnector Licensing Dashboard.
symbol (string) : Symbol. Default is syminfo.ticker
pending (float) : Computing pending order entry price. EA Options: Pips, Specified Price, Percentage
risk (float) : Risk. Function depends on the “Volume Type” selected in the EA
sl (float) : StopLoss. Place stop-loss. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
tp (float) : TakeProfit. Place take-profit. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
beTrigger (float) : Breakeven will be activated after the position gains this number of pips. Ensure > 0
beOffset (float) : Offset from entry price. 0 means the SL will be placed exactly at entry price. 1 means 1 pip above the entry price for buy trades and 1 pip below for sell trades.
trailTrig (int) : Trailing stop-loss will be activated after a trade gains this number of pips. Default is 0(inactive)
trailDist (int) : SL will be opened at traildist after trailtrig is met, even if you do not have a SL placed.. Default is 0(inactive)
trailStep (int) : Moves trailing stop-loss once price moves to favourable by a specified number of pips. Default is 0(inactive)
atrTimeframe (string) : ATR Trailing Stop will be based on the specified timeframe in minutes and will only update once per bar close. Default is Timeframe.Period
atrTrigger (float) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default is 0(inactive)
atrPeriod (int) : ATR averaging period. Default is 0
atrMultiplier (float) : Multiple of ATR to utilise in the new SL computation. Default is 1
atrShift (float) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default is 0
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips. Default is 0(inactive)
accFilter (float) : Enter the position only if the account requirement is met. Default is 0(inactive)
secret (string)
comment (string) : Comment. Add a string into the order’s comment section. Default is "Symbol+Timeframe"
buyStop(licenseId, symbol, pending, risk, sl, tp, beTrigger, beOffset, trailTrig, trailDist, trailStep, atrTimeframe, atrTrigger, atrPeriod, atrMultiplier, atrShift, spread, accFilter, secret, comment)
Create a buy stop order message
Parameters:
licenseId (string) : License Id. This is a unique identifier found in the Pineconnector Licensing Dashboard.
symbol (string) : Symbol. Default is syminfo.ticker
pending (float) : Computing pending order entry price. EA Options: Pips, Specified Price, Percentage
risk (float) : Risk. Function depends on the “Volume Type” selected in the EA
sl (float) : StopLoss. Place stop-loss. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
tp (float) : TakeProfit. Place take-profit. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
beTrigger (float) : Breakeven will be activated after the position gains this number of pips. Ensure > 0
beOffset (float) : Offset from entry price. 0 means the SL will be placed exactly at entry price. 1 means 1 pip above the entry price for buy trades and 1 pip below for sell trades.
trailTrig (int) : Trailing stop-loss will be activated after a trade gains this number of pips. Default is 0(inactive)
trailDist (int) : SL will be opened at traildist after trailtrig is met, even if you do not have a SL placed.. Default is 0(inactive)
trailStep (int) : Moves trailing stop-loss once price moves to favourable by a specified number of pips. Default is 0(inactive)
atrTimeframe (string) : ATR Trailing Stop will be based on the specified timeframe in minutes and will only update once per bar close. Default is Timeframe.Period
atrTrigger (float) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default is 0(inactive)
atrPeriod (int) : ATR averaging period. Default is 0
atrMultiplier (float) : Multiple of ATR to utilise in the new SL computation. Default is 1
atrShift (float) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default is 0
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips. Default is 0(inactive)
accFilter (float) : Enter the position only if the account requirement is met. Default is 0(inactive)
secret (string)
comment (string) : Comment. Add a string into the order’s comment section. Default is "Symbol+Timeframe"
sellLimit(licenseId, symbol, pending, risk, sl, tp, beTrigger, beOffset, trailTrig, trailDist, trailStep, atrTimeframe, atrTrigger, atrPeriod, atrMultiplier, atrShift, spread, accFilter, secret, comment)
Create a sell limit order message
Parameters:
licenseId (string) : License Id. This is a unique identifier found in the Pineconnector Licensing Dashboard.
symbol (string) : Symbol. Default is syminfo.ticker
pending (float) : Computing pending order entry price. EA Options: Pips, Specified Price, Percentage
risk (float) : Risk. Function depends on the “Volume Type” selected in the EA
sl (float) : StopLoss. Place stop-loss. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
tp (float) : TakeProfit. Place take-profit. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
beTrigger (float) : Breakeven will be activated after the position gains this number of pips. Ensure > 0
beOffset (float) : Offset from entry price. 0 means the SL will be placed exactly at entry price. 1 means 1 pip above the entry price for buy trades and 1 pip below for sell trades.
trailTrig (int) : Trailing stop-loss will be activated after a trade gains this number of pips. Default is 0(inactive)
trailDist (int) : SL will be opened at traildist after trailtrig is met, even if you do not have a SL placed.. Default is 0(inactive)
trailStep (int) : Moves trailing stop-loss once price moves to favourable by a specified number of pips. Default is 0(inactive)
atrTimeframe (string) : ATR Trailing Stop will be based on the specified timeframe in minutes and will only update once per bar close. Default is Timeframe.Period
atrTrigger (float) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default is 0(inactive)
atrPeriod (int) : ATR averaging period. Default is 0
atrMultiplier (float) : Multiple of ATR to utilise in the new SL computation. Default is 1
atrShift (float) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default is 0
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips. Default is 0(inactive)
accFilter (float) : Enter the position only if the account requirement is met. Default is 0(inactive)
secret (string)
comment (string) : Comment. Add a string into the order’s comment section. Default is "Symbol+Timeframe"
sellStop(licenseId, symbol, pending, risk, sl, tp, beTrigger, beOffset, trailTrig, trailDist, trailStep, atrTimeframe, atrTrigger, atrPeriod, atrMultiplier, atrShift, spread, accFilter, secret, comment)
Create a sell stop order message
Parameters:
licenseId (string) : License Id. This is a unique identifier found in the Pineconnector Licensing Dashboard.
symbol (string) : Symbol. Default is syminfo.ticker
pending (float) : Computing pending order entry price. EA Options: Pips, Specified Price, Percentage
risk (float) : Risk. Function depends on the “Volume Type” selected in the EA
sl (float) : StopLoss. Place stop-loss. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
tp (float) : TakeProfit. Place take-profit. Computation is based on the Target Type selected in the EA. Default is 0(inactive)
beTrigger (float) : Breakeven will be activated after the position gains this number of pips. Ensure > 0
beOffset (float) : Offset from entry price. 0 means the SL will be placed exactly at entry price. 1 means 1 pip above the entry price for buy trades and 1 pip below for sell trades.
trailTrig (int) : Trailing stop-loss will be activated after a trade gains this number of pips. Default is 0(inactive)
trailDist (int) : SL will be opened at traildist after trailtrig is met, even if you do not have a SL placed.. Default is 0(inactive)
trailStep (int) : Moves trailing stop-loss once price moves to favourable by a specified number of pips. Default is 0(inactive)
atrTimeframe (string) : ATR Trailing Stop will be based on the specified timeframe in minutes and will only update once per bar close. Default is Timeframe.Period
atrTrigger (float) : Activate the trigger of ATR Trailing after market moves favourably by a number of pips. Default is 0(inactive)
atrPeriod (int) : ATR averaging period. Default is 0
atrMultiplier (float) : Multiple of ATR to utilise in the new SL computation. Default is 1
atrShift (float) : Relative shift of price information, 0 uses latest candle, 1 uses second last, etc. Default is 0
spread (float) : Enter the position only if the spread is equal or less than the specified value in pips. Default is 0(inactive)
accFilter (float) : Enter the position only if the account requirement is met. Default is 0(inactive)
secret (string)
comment (string) : Comment. Add a string into the order’s comment section. Default is "Symbol+Timeframe"
Trend Trader-Remastered StrategyOfficial Strategy for Trend Trader - Remastered
Indicator: Trend Trader-Remastered (TTR)
Overview:
The Trend Trader-Remastered is a refined and highly sophisticated implementation of the Parabolic SAR designed to create strategic buy and sell entry signals, alongside precision take profit and re-entry signals based on marked Bill Williams (BW) fractals. Built with a deep emphasis on clarity and accuracy, this indicator ensures that only relevant and meaningful signals are generated, eliminating any unnecessary entries or exits.
Please check the indicator details and updates via the link above.
Important Disclosure:
My primary objective is to provide realistic strategies and a code base for the TradingView Community. Therefore, the default settings of the strategy version of the indicator have been set to reflect realistic world trading scenarios and best practices.
Key Features:
Strategy execution date&time range.
Take Profit Reduction Rate: The percentage of progressive reduction on active position size for take profit signals.
Example:
TP Reduce: 10%
Entry Position Size: 100
TP1: 100 - 10 = 90
TP2: 90 - 9 = 81
Re-Entry When Rate: The percentage of position size on initial entry of the signal to determine re-entry.
Example:
RE When: 50%
Entry Position Size: 100
Re-Entry Condition: Active Position Size < 50
Re-Entry Fill Rate: The percentage of position size on initial entry of the signal to be completed.
Example:
RE Fill: 75%
Entry Position Size: 100
Active Position Size: 50
Re-Entry Order Size: 25
Final Active Position Size:75
Important: Even RE When condition is met, the active position size required to drop below RE Fill rate to trigger re-entry order.
Key Points:
'Process Orders on Close' is enabled as Take Profit and Re-Entry signals must be executed on candle close.
'Calculate on Every Tick' is enabled as entry signals are required to be executed within candle time.
'Initial Capital' has been set to 10,000 USD.
'Default Quantity Type' has been set to 'Percent of Equity'.
'Default Quantity' has been set to 10% as the best practice of investing 10% of the assets.
'Currency' has been set to USD.
'Commission Type' has been set to 'Commission Percent'
'Commission Value' has been set to 0.05% to reflect the most realistic results with a common taker fee value.
Inside Bar Multi-Currency ScannerDescription:
This script is an Inside Bar Scanner that allows you to monitor multiple currency pairs across different timeframes (15 minutes, 1 hour, and 4 hours). Its main features include:
Inside Bar Detection:
An Inside Bar is a candlestick where both the High and Low are within the range of the previous candle.
The script automatically identifies Inside Bars and displays the results in a table.
Customizable Timeframes:
Supports scanning in 15-minute, 1-hour, and 4-hour timeframes.
Results are displayed for each timeframe separately.
Multi-Currency Support:
Scan up to 10 currency pairs simultaneously.
Currency pairs are customizable and selected by the user.
Candle Coloring:
Inside Bars are highlighted with colors:
Semi-transparent green for bullish Inside Bars.
Semi-transparent red for bearish Inside Bars.
Colors are customizable and selected by the user.
Alerts:
Custom alerts for detecting Inside Bars in selected timeframes.
Receive notifications when an Inside Bar is detected in any of the selected currency pairs.
How to Use:
Select your desired currency pairs from the Scanner Currencies section.
Enable your preferred timeframes in the Scanner Timeframe section.
The script will display a table of results with Inside Bar information for each currency pair and timeframe.
Optionally, customize the candle colors in the Scanner InsideBar Color section.
Additional Explanation for Timeframe Status:
In each selected timeframe, there are three possible states for the candles:
Previous Candle is an Inside Bar:
Displayed with a green background and the symbol ✔.
Previous Candle is NOT an Inside Bar:
Displayed with a red background and the symbol ✘.
Current Candle is an Inside Bar:
Displayed with an orange background and the symbol ⌕.
These visual indicators provide a clear and quick overview of the Inside Bar status for each selected currency pair and timeframe.
[blackcat] L3 Counter Peacock Spread█ OVERVIEW
The script titled " L3 Counter Peacock Spread" is an indicator designed for use in TradingView. It calculates and plots various moving averages, K lines derived from these moving averages, additional simple moving averages (SMAs), weighted moving averages (WMAs), and other technical indicators like slope calculations. The primary function of the script is to provide a comprehensive set of visual tools that traders can use to identify trends, potential support/resistance levels, and crossover signals.
█ LOGICAL FRAMEWORK
Input Parameters:
There are no explicit input parameters defined; all variables are hardcoded or calculated within the script.
Calculations:
• Moving Averages: Calculates Simple Moving Averages (SMA) using ta.sma.
• Slope Calculation: Computes the slope of a given series over a specified period using linear regression (ta.linreg).
• K Lines: Defines multiple exponentially adjusted SMAs based on a 30-period MA and a 1-period MA.
• Weighted Moving Average (WMA): Custom function to compute WMAs by iterating through price data points.
• Other Indicators: Includes Exponential Moving Average (EMA) for momentum calculation.
Plotting:
Various elements such as MAs, K lines, conditional bands, additional SMAs, and WMAs are plotted on the chart overlaying the main price action.
No loops control the behavior beyond those used in custom functions for calculating WMAs. Conditional statements determine the coloring of certain plot lines based on specific criteria.
█ CUSTOM FUNCTIONS
calculate_slope(src, length) :
• Purpose: To calculate the slope of a time-series data point over a specified number of periods.
• Functionality: Uses linear regression to find the current and previous slopes and computes their difference scaled by the timeframe multiplier.
• Parameters:
– src: Source of the input data (e.g., closing prices).
– length: Periodicity of the linreg calculation.
• Return Value: Computed slope value.
calculate_ma(source, length) :
• Purpose: To calculate the Simple Moving Average (SMA) of a given source over a specified period.
• Functionality: Utilizes TradingView’s built-in ta.sma function.
• Parameters:
– source: Input data series (e.g., closing prices).
– length: Number of bars considered for the SMA calculation.
• Return Value: Calculated SMA value.
calculate_k_lines(ma30, ma1) :
• Purpose: Generates multiple exponentially adjusted versions of a 30-period MA relative to a 1-period MA.
• Functionality: Multiplies the 30-period MA by coefficients ranging from 1.1 to 3 and subtracts multiples of the 1-period MA accordingly.
• Parameters:
– ma30: 30-period Simple Moving Average.
– ma1: 1-period Simple Moving Average.
• Return Value: Returns an array containing ten different \u2003\u2022 "K line" values.
calculate_wma(source, length) :
• Purpose: Computes the Weighted Moving Average (WMA) of a provided series over a defined period.
• Functionality: Iterates backward through the last 'n' bars, weights each bar according to its position, sums them up, and divides by the total weight.
• Parameters:
– source: Price series to average.
– length: Length of the lookback window.
• Return Value: Calculated WMA value.
█ KEY POINTS AND TECHNIQUES
• Advanced Pine Script Features: Utilization of custom functions for encapsulating complex logic, leveraging TradingView’s library functions (ta.sma, ta.linreg, ta.ema) for efficient computations.
• Optimization Techniques: Efficient computation of K lines via pre-calculated components (multiples of MA30 and MA1). Use of arrays to store intermediate results which simplifies plotting.
• Best Practices: Clear separation between calculation and visualization sections enhances readability and maintainability. Usage of color.new() allows dynamic adjustments without hardcoding colors directly into plot commands.
• Unique Approaches: Introduction of K lines provides an alternative representation of trend strength compared to traditional MAs. Implementation of conditional band coloring adds real-time context to existing visual cues.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
Potential Modifications/Extensions:
• Adding more user-defined inputs for lengths of MAs, K lines, etc., would make the script more flexible.
• Incorporating alert conditions based on crossovers between key lines could enhance automated trading strategies.
Application Scenarios:
• Useful for both intraday and swing trading due to the combination of short-term and long-term MAs along with trend analysis via slopes and K lines.
• Can be integrated into larger systems combining this indicator with others like oscillators or volume-based metrics.
Related Concepts:
• Understanding how linear regression works internally aids in grasping the slope calculation.
• Familiarity with WMA versus SMA helps appreciate why different types of averaging might be necessary depending on market dynamics.
• Knowledge of candlestick patterns can complement insights gained from this indicator.
ATR Oscillator with Dots and Dynamic Zero LineWhat It Is
The ATR Oscillator with Dots and Dynamic Zero Line is a custom indicator based on the Average True Range (ATR), designed to provide traders with enhanced insights into market volatility and directional bias. Unlike traditional ATR oscillators that plot continuous lines, this version uses distinct dots to display ATR values and includes a dynamic zero line that changes color based on market direction (uptrend, downtrend, or consolidation).
How It Works
ATR Calculation:
The indicator calculates the Average True Range over a user-defined period (default: 14 bars). ATR measures market volatility by considering the range between the high, low, and close of each bar.
Dots for ATR Values:
Instead of plotting ATR values as a continuous line, the indicator represents each value as an individual blue dot. This format highlights changes in volatility without visually connecting them, helping to avoid false trends and clutter.
Dynamic Zero Line:
A horizontal zero line provides additional directional context. The line changes color dynamically:
Green: Indicates an uptrend (price is consistently closing higher over consecutive bars).
Red: Indicates a downtrend (price is consistently closing lower over consecutive bars).
Gray: Indicates market consolidation or sideways movement (no clear trend in price).
The thickness and step-like style of the zero line make it visually prominent, enabling quick interpretation of market direction.
What It Does
Visualizes Market Volatility:
By plotting ATR values as dots, the oscillator emphasizes periods of heightened or reduced market activity, helping traders anticipate breakout opportunities or avoid low-volatility zones.
Provides Trend Context:
The dynamic zero line gives traders a clear signal of the prevailing market trend (uptrend, downtrend, or consolidation), which can be used to align trading strategies with the broader market context.
Avoids Misleading Trends:
Unlike traditional ATR oscillators that use continuous lines, this version eliminates visual artifacts caused by noise, such as false trends during consolidation periods.
Simplifies Interpretation:
The combination of ATR dots and a color-coded zero line creates a straightforward and intuitive tool for assessing both volatility and market direction.
Why It’s More Useful Than a Traditional ATR Oscillator
Enhanced Visibility:
The use of dots instead of a continuous line makes it easier to spot discrete changes in ATR values, avoiding visual clutter and false impressions of smooth trends.
Dynamic Market Context:
Traditional ATR oscillators only measure volatility, offering no indication of market direction. The dynamic zero line in this oscillator adds valuable directional context, helping traders align their strategies with the trend.
Better for Range-Bound Markets:
The zero line’s color-changing feature highlights consolidation periods, enabling traders to identify and avoid trading during sideways, low-volatility conditions where false signals are common.
Quick Decision-Making:
With clear visual cues (dots and color-coded lines), traders can quickly assess market conditions without needing to analyze multiple charts or indicators.
Improved Confluence:
The oscillator’s signals can easily be combined with other tools like VWAP, Volume Profile, or Order Flow indicators for more confident trade decisions.
When to Use It
Trending Markets:
Use the dynamic zero line to confirm the market’s direction and align trades accordingly.
Breakout Opportunities:
Look for periods of increasing ATR (dots moving higher) to anticipate high-volatility breakout scenarios.
Avoiding Noise:
During consolidation (gray zero line), this oscillator warns traders to wait for clearer signals before entering trades.
Swing-Based VWAPSwing-Based VWAP
Summary:
The "Swing-Based VWAP" indicator enhances traditional VWAP calculations by incorporating swing-based logic. It dynamically adapts to market conditions by identifying key swing highs and lows and calculating VWAP levels around these pivot points. This makes it a versatile tool for traders seeking actionable price insights.
Explanation:
What is Swing-Based VWAP?
The Swing-Based VWAP is a modified version of the Volume-Weighted Average Price (VWAP). It calculates VWAP not only for a chosen timeframe (e.g., session, week) but also adapts dynamically to market swings. By identifying swing highs and lows, it offers more precise levels for potential price action.
Unique Features:
1. Dynamic Swing Integration:
- Uses pivot points to determine significant price levels.
- Calculates VWAP based on these points to adapt to market trends.
2. User-Friendly Settings:
- Includes options to hide VWAP on higher timeframes for chart clarity.
- Flexible swing size input for adjusting sensitivity.
How to Use:
1. Configuring Swing Settings:
- Use the "Swing Setting" input to determine the sensitivity of swing detection.
- Higher values identify broader swings, while smaller values capture more granular movements.
2. Enabling/Disabling VWAP:
- Toggle VWAP visibility using the "Use VWAP" option.
- The "Hide VWAP on 1D or Above" setting lets you control visibility on higher timeframes.
3. Anchor Period:
- Select your preferred anchoring period (e.g., session, week) to match your trading style.
4. Adjusting the Data Source:
- Use the "Source" input to select the price source (default: HLC3).
5. Visualizing Swing-Based VWAP:
- The script plots a dynamic VWAP line based on detected swing points.
- This line highlights average price levels weighted by volume and swing pivots.
Horizontal lines by AydmaxxIndicator Description: Horizontal Lines by Aydmaxx
This indicator plots customizable horizontal lines on the chart to assist with technical analysis. It allows traders to define a starting price and a step size (gap) between the lines, making it versatile for a variety of strategies, such as identifying support, resistance, or key price levels.
How to Use:
Starting Price (Bottom): Enter the price level where the first (lowest) line should begin. This is your base level.
Example: If you're analyzing a market with prices around 2550, you can set this value to 2550 to align the indicator with your focus.
Gap (Step Size): Specify the interval or step size between consecutive lines.
Example: If you want lines every 10 points, set this value to 10.
Number of Lines: Adjust the total number of lines to display on the chart.
Line Style and Width: Customize the appearance of the lines (solid, dashed, dotted) and their thickness.
Line Colors and Transparency: Choose primary and secondary colors for alternating lines, and adjust the transparency to match your visual preferences.
This indicator is ideal for visualizing price zones and can be tailored to suit any trading style. Adjust the parameters based on your market analysis to highlight key price levels effectively.
Pivot PointsPivot Points Indicator
The Pivot Points indicator highlights areas on the chart where candles close in opposite colors. These points occur when the price shifts from bullish to bearish, or vice versa, indicating potential reversals or continuation patterns. These points are more easily seen on a line chart and represent areas where the price changes direction to create peak formations.
Foundational Concepts
Before diving into the indicator, it’s important to understand a few key concepts:
When price is trending upward, it creates higher highs and higher lows. Each high or low acts as a pivot point. In an uptrend, the price is more likely to break the previous high (pivot point) and continue higher. You can enter a buy trade when the price breaks the previous high, anticipating the continuation of the trend.
When price is trending downward, it creates lower lows and lower highs. Each high or low is also a pivot point. In a downtrend, the price is more likely to break the previous low (pivot point) and continue lower. You can enter a sell trade when the price breaks the previous low, anticipating the continuation of the trend.
For reversal trades, it’s helpful to be familiar with chart patterns like double tops, double bottoms, and head and shoulders. The Pivot Points indicator can assist in identifying these patterns, helping you determine entry points, as well as where to place your stop loss.
Recommended Setup
It’s recommended to have two charts open side by side: one displaying a line chart and the other showing a candlestick chart, with the Pivot Points indicator applied to both. This setup allows you to easily identify the market structure and price action as it approaches these levels. You can also add a 20-period Simple Moving Average (SMA) to both charts to help identify the overall trend. Additionally, consider adding the Relative Strength Index (RSI) to the line chart to confirm overbought or oversold conditions.
This approach can be used on any timeframe.
Contributing
If you have suggestions, improvements, or bug fixes, I encourage you to submit pull requests. Collaboration helps make the indicator more versatile and useful for everyone.
Disclaimer
Any trading decisions you make are entirely your responsibility.
The MetaTrader 5 version of this indicator is available on my GitHub repository: roshaneforde/pivot-points-indicator
[blackcat] L2 Quantitative Trading Reference█ OVERVIEW
The script " L2 Quantitative Trading Reference" calculates and plots various directional indicators based on price movements over a specified period. It primarily focuses on identifying trends, trend strength, and specific candlestick patterns such as strong bearish candles.
█ LOGICAL FRAMEWORK
The script consists of several main components:
Input Parameters:
None explicitly set; however, implicit inputs include high, low, and close prices.
Custom Functions:
count_periods: Counts occurrences of a condition within a given lookback period.
every_condition: Checks if a condition holds true for an entire lookback period.
calculate_and_plot_directional_indicators: Computes directional movement indices and determines market conditions like direction, strength, and specific candle types.
Calculations:
• The script calculates the True Range, differences between highs/lows, and computes directional movement indices.
• It then uses these indices to determine the current market direction, strength, and identifies strong bearish candles.
Plotting:
• Plots histograms representing different conditions including negative directional movement in red, positive directional movement in green, continuous strength in yellow, and strong bearish candles in aqua.
Data flows from the calculation of basic price metrics through more complex computations involving sums and comparisons before being plotted according to their respective conditions.
█ CUSTOM FUNCTIONS
count_periods:
Counts how many times a certain condition occurs within a specified number of periods.
every_condition:
Determines whether a particular condition has been met continuously throughout a specified number of periods.
calculate_and_plot_directional_indicators:
This function encompasses multiple tasks including calculating the True Range, Positive/Negative Directional Movements and Indices, determining the market direction, assessing strength via bar continuity since the last change, and identifying strong bearish candles. It returns four arrays containing directional movement, positivity status, continuous strength, and strong bearish candle occurrence respectively.
█ KEY POINTS AND TECHNIQUES
• Utilizes custom functions for modular and reusable code.
• Employs math.sum and ta.barssince for efficient computation of cumulative values and counting bars since a condition was met.
• Uses ternary operators (condition ? value_if_true : value_if_false) extensively for concise conditional assignments.
• Leverages Pine Script’s built-in mathematical functions (math.max, math.min, etc.) for robust financial metric calculations.
• Implements histogram plotting styles to visually represent distinct market states effectively.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
Potential enhancements can involve adding alerts when specific conditions are met, incorporating additional technical indicators, or refining existing logic for better accuracy. This script's approach could be adapted for creating strategies that react to changes in market dynamics identified by these directional indicators. Related topics worth exploring in Pine Script include backtesting frameworks, multi-timeframe analysis, risk management techniques, and integration with external data sources.
Merry ChristmasThis indicator creates a dynamic table of holiday greetings in 40 languages, taking advantage of Pine Script v6's new variable text size feature. The messages appear with randomized colors, sizes, and positions, refreshing with each bar update to create an ever-changing festive display. Includes traditional Christmas, Hanukkah, and New Year wishes across cultures. To fellow Pine developers who continue to push the boundaries of what's possible with Pine Script - thank you and happy holidays.
TS Aggregated Median Absolute DeviationTS Aggregated Median Absolute Deviation (MAD) Indicator Explanation
Overview
The TS Aggregated Median Absolute Deviation (MAD) is a powerful indicator designed for traders looking for momentum-based strategies. By aggregating the Median Absolute Deviation (MAD) across multiple timeframes, it provides a comprehensive view of market dynamics. This indicator helps identify potential reversal points, overbought/oversold conditions, and general market trends by leveraging the concept of MAD, which measures price dispersion from the median.
Signal Generation:
Long Signal: Triggered when the price moves above the aggregated upper band
Short Signal: Triggered when the price moves below the aggregated red band
Alerts:
Real-time alerts are integrated to notify the user of long or short signals when confirmed:
Long Signal Alert: "TS MAD Flipped ⬆LONG⬆"
Short Signal Alert: "TS MAD Flipped ⬇Short⬇"
Optimization:
Adjust thresholds, MAD lengths, and multipliers for each timeframe to suit the specific asset and market conditions.
Experiment with enabling/disabling MAD components to focus on particular timeframes.
Market Movement After OpenDescription:
This script provides a detailed visualization of market movements during key trading hours: the German market opening (08:00–09:00 UTC+1) and the US market opening (15:30–16:30 UTC+1). It is designed to help traders analyze price behavior in these critical trading periods by capturing and presenting movement patterns and trends directly on the chart and in an interactive table.
Key Features:
Market Movement Analysis:
Tracks the price movement during the German market's first hour (08:00–09:00 UTC+1) and the US market's opening session (15:30–16:30 UTC+1).
Analyzes whether the price moved up or down during these intervals.
Visual Representation:
Dynamically colored price lines indicate upward (green) or downward (red) movement during the respective periods.
Labels ("DE" for Germany and "US" for the United States) mark key moments in the chart.
Historical Data Table:
Displays the past 10 trading days' movement trends in an interactive table, including:
Date: Trading date.
German Market Movement: Up (▲), Down (▼), or Neutral (-) for 08:00–09:00 UTC+1.
US Market Movement: Up (▲), Down (▼), or Neutral (-) for 15:30–16:30 UTC+1.
The table uses color coding for easy interpretation: green for upward movements, red for downward, and gray for neutral.
Real-Time Updates:
Automatically updates during live trading sessions to reflect the most recent movements.
Highlights incomplete periods (e.g., ongoing sessions) to indicate their status.
Customizable:
Suitable for intraday analysis or broader studies of market trends.
Designed to overlay directly on any price chart.
Use Case:
This script is particularly useful for traders who focus on market openings, which are often characterized by high volatility and significant price movements. By providing a clear visual representation of historical and live data, it aids in understanding and capitalizing on market trends during these critical periods.
Notes:
The script works best when the chart is set to the appropriate timezone (UTC+1 for the German market or your local equivalent).
For precise trading decisions, consider combining this script with other technical indicators or trading strategies.
Feel free to share feedback or suggest additional features to enhance the script!
VIX Spike StrategyThis script implements a trading strategy based on the Volatility Index (VIX) and its standard deviation. It aims to enter a long position when the VIX exceeds a certain number of standard deviations above its moving average, which is a signal of a volatility spike. The position is then exited after a set number of periods.
VIX Symbol (vix_symbol): The input allows the user to specify the symbol for the VIX index (typically "CBOE:VIX").
Standard Deviation Length (stddev_length): The number of periods used to calculate the standard deviation of the VIX. This can be adjusted by the user.
Standard Deviation Multiplier (stddev_multiple): This multiplier is used to determine how many standard deviations above the moving average the VIX must exceed to trigger a long entry.
Exit Periods (exit_periods): The user specifies how many periods after entering the position the strategy will exit the trade.
Strategy Logic:
Data Loading: The script loads the VIX data, both for the current timeframe and as a rescaled version for calculation purposes.
Standard Deviation Calculation: It calculates both the moving average (SMA) and the standard deviation of the VIX over the specified period (stddev_length).
Entry Condition: A long position is entered when the VIX exceeds the moving average by a specified multiple of its standard deviation (calculated as vix_mean + stddev_multiple * vix_stddev).
Exit Condition: After the position is entered, it will be closed after the user-defined number of periods (exit_periods).
Visualization:
The VIX is plotted in blue.
The moving average of the VIX is plotted in orange.
The threshold for the VIX, which is the moving average plus the standard deviation multiplier, is plotted in red.
The background turns green when the entry condition is met, providing a visual cue.
Sources:
The VIX is often used as a measure of market volatility, with high values indicating increased uncertainty in the market.
Standard deviation is a statistical measure of the variability or dispersion of a set of data points. In financial markets, it is used to measure the volatility of asset prices.
References:
Bollerslev, T. (1986). "Generalized Autoregressive Conditional Heteroskedasticity." Journal of Econometrics.
Black, F., & Scholes, M. (1973). "The Pricing of Options and Corporate Liabilities." Journal of Political Economy.
