Candle Power Pro – Engulfing + RSI Smart Strategy📌 Candle Power Pro – Engulfing + RSI Smart Strategy
Candle Power Pro is a high-performance trading strategy that combines the strength of engulfing candlestick patterns, RSI filters, and candle stability analysis to deliver accurate BUY & SELL signals.
🔥 Why traders love it:
✅ Detects bullish & bearish engulfing setups with RSI confirmation
✅ Built-in Stop Loss & Take Profit (customizable %)
✅ Prevents overtrading with anti-repeat signal filter
✅ Works on any market & timeframe (Forex, Crypto, Stocks, Indices)
✅ Backtest-ready with full PnL, Winrate, and Risk/Reward stats
🚦 How it works:
A BUY signal triggers when a bullish engulfing candle forms with RSI confirmation in a downtrend.
A SELL signal triggers when a bearish engulfing candle forms with RSI confirmation in an uptrend.
Labels show exact entry points on the chart for clarity.
⚡ Perfect for:
Swing traders, scalpers, and algorithmic enthusiasts
Traders who want rule-based entries & exits
Anyone looking to backtest and refine their trading strategy
👉 Just add it to your chart, adjust your Stop Loss & Take Profit, and start testing smarter trades!
Scalping
Impulse Momentum Scalper⚡ Impulse Momentum Scalper: Catch the Wave of Big Moves
Tired of guessing when a trend is about to explode? Stop chasing and start catching the first wave with Impulse Momentum Scalper.
This isn't just another indicator repaint. This is a sophisticated strategy engine designed to identify the critical moment when surge in volume and expanding volatility converge within a strong trend, signaling the start of a powerful momentum move.
We don't predict. We react to the market's own footprint.
How It Works: The Triple-Filter System
THE TREND (The Highway): A simple EMA filter ensures you only trade in the direction of the dominant trend. Why swim against the current?
THE VOLUME (The Fuel): The strategy waits for an explosive volume surge—signaling strong institutional or crowd interest—before even considering an entry. No volume, no trade.
THE IMPULSE (The Trigger): It then scans for a significant expansion in volatility, indicating the market is breaking out of its slumber and initiating a new impulsive wave.
When all three elements align, the strategy provides a clear, non-repainting signal to enter.
Key Features & Advantages:
🛡️ Built-In Smart Risk Management: Every trade includes a dynamic Stop-Loss and Take-Profit based on Average True Range (ATR), adapting your risk to the market's current volatility.
🎯 High-Probability Signals: By combining three proven concepts (Trend, Volume, Volatility), it filters out market noise and aims for only the highest-quality setups.
⏰ Perfect for Scalpers & Swing Traders: While designed for quick, impulsive moves, the logic is effective on multiple timeframes (try 5m for scalping or 1H for swings).
🔔 One-Click Alerts: Includes pre-configured alert conditions so you never miss a signal, even if you're away from your charts.
Disclaimer: This script is a strategy, not financial advice. Past performance is not indicative of future results. Always backtest and forward-test any strategy in a risk-controlled environment before committing real capital.
Ready to trade the impulse? Add the strategy to your chart and see the signals in real-time!
FlowStateTrader FlowState Trader - Advanced Time-Filtered Strategy
## Overview
FlowState Trader is a sophisticated algorithmic trading strategy that combines precision entry signals with intelligent time-based filtering and adaptive risk management. Built for traders seeking to achieve their optimal performance state, FlowState identifies high-probability trading opportunities within user-defined time windows while employing dynamic trailing stops and partial position management.
## Core Strategy Philosophy
FlowState Trader operates on the principle that peak trading performance occurs when three elements align: **Focus** (precise entry signals), **Flow** (optimal time windows), and **State** (intelligent position management). This strategy excels at finding reversal opportunities at key support and resistance levels while filtering out suboptimal trading periods to keep traders in their optimal flow state.
## Key Features
### 🎯 Focus Entry System
**Support/Resistance Zone Trading**:
- Dynamic identification of key price levels using configurable lookback periods
- Entry signals triggered when price interacts with these critical zones
- Volume confirmation ensures genuine breakout/reversal momentum
- Trend filter alignment prevents counter-trend disasters
**Entry Conditions**:
- **Long Signals**: Price closes above support buffer, touches support level, with above-average volume
- **Short Signals**: Price closes below resistance buffer, touches resistance level, with above-average volume
- Optional trend filter using EMA or SMA for directional bias confirmation
### ⏰ FlowState Time Filtering System
**Comprehensive Time Controls**:
- **12-Hour Format Trading Windows**: User-friendly AM/PM time selection
- **Multi-Timezone Support**: UTC, EST, PST, CST with automatic conversion
- **Day-of-Week Filtering**: Trade only weekdays, weekends, or both
- **Lunch Hour Avoidance**: Automatically skips low-volume lunch periods (12-1 PM)
- **Visual Time Indicators**: Background coloring shows active/inactive trading periods
**Smart Time Features**:
- Handles overnight trading sessions seamlessly
- Prevents trades during historically poor performance periods
- Customizable trading hours for different market sessions
- Real-time trading window status in dashboard
### 🛡️ Adaptive Risk Management
**Multi-Level Take Profit System**:
- **TP1**: First profit target with optional partial position closure
- **TP2**: Final profit target for remaining position
- **Flexible Scaling**: Choose number of contracts to close at each level
**Dynamic Trailing Stop Technology**:
- **Three Operating Modes**:
- **Conservative**: Earlier activation, tighter trailing (protect profits)
- **Balanced**: Optimal risk/reward balance (recommended)
- **Aggressive**: Later activation, wider trailing (let winners run)
- **ATR-Based Calculations**: Adapts to current market volatility
- **Automatic Activation**: Engages when position reaches profitability threshold
### 📊 Intelligent Position Sizing
**Contract-Based Management**:
- Configurable entry quantity (1-1000 contracts)
- Partial close quantities for profit-taking
- Clear position tracking and P&L monitoring
- Real-time position status updates
### 🎨 Professional Visualization
**Enhanced Chart Elements**:
- **Entry Zone Highlighting**: Clear visual identification of trading opportunities
- **Dynamic Risk/Reward Lines**: Real-time TP and SL levels with price labels
- **Trailing Stop Visualization**: Live tracking of adaptive stop levels
- **Support/Resistance Lines**: Key level identification
- **Time Window Background**: Visual confirmation of active trading periods
**Dual Dashboard System**:
- **Strategy Dashboard**: Real-time position info, settings status, and current levels
- **Performance Scorecard**: Live P&L tracking, win rates, and trade statistics
- **Customizable Sizing**: Small, Medium, or Large display options
### ⚙️ Comprehensive Customization
**Core Strategy Settings**:
- **Lookback Period**: Support/resistance calculation period (5-100 bars)
- **ATR Configuration**: Period and multipliers for stops/targets
- **Reward-to-Risk Ratios**: Customizable profit target calculations
- **Trend Filter Options**: EMA/SMA selection with adjustable periods
**Time Filter Controls**:
- **Trading Hours**: Start/end times in 12-hour format
- **Timezone Selection**: Four major timezone options
- **Day Restrictions**: Weekend-only, weekday-only, or unrestricted
- **Session Management**: Lunch hour avoidance and custom periods
**Risk Management Options**:
- **Trailing Stop Modes**: Conservative/Balanced/Aggressive presets
- **Partial Close Settings**: Enable/disable with custom quantities
- **Alert System**: Comprehensive notifications for all trade events
### 📈 Performance Tracking
**Real-Time Metrics**:
- Net profit/loss calculation
- Win rate percentage
- Profit factor analysis
- Maximum drawdown tracking
- Total trade count and breakdown
- Current position P&L
**Trade Analytics**:
- Winner/loser ratio tracking
- Real-time performance scorecard
- Strategy effectiveness monitoring
- Risk-adjusted return metrics
### 🔔 Alert System
**Comprehensive Notifications**:
- Entry signal alerts with price and quantity
- Take profit level hits (TP1 and TP2)
- Stop loss activations
- Trailing stop engagements
- Position closure notifications
## Strategy Logic Deep Dive
### Entry Signal Generation
The strategy identifies high-probability reversal points by combining multiple confirmation factors:
1. **Price Action**: Looks for price interaction with key support/resistance levels
2. **Volume Confirmation**: Ensures sufficient market interest and liquidity
3. **Trend Alignment**: Optional filter prevents counter-trend positions
4. **Time Validation**: Only trades during user-defined optimal periods
5. **Zone Analysis**: Entry occurs within calculated buffer zones around key levels
### Risk Management Philosophy
FlowState Trader employs a three-tier risk management approach:
1. **Initial Protection**: ATR-based stop losses set at strategy entry
2. **Profit Preservation**: Trailing stops activate once position becomes profitable
3. **Scaled Exit**: Partial profit-taking allows for both security and potential
### Time-Based Edge
The time filtering system recognizes that not all trading hours are equal:
- Avoids low-volume, high-spread periods
- Focuses on optimal liquidity windows
- Prevents trading during news events (lunch hours)
- Allows customization for different market sessions
## Best Practices and Optimization
### Recommended Settings
**For Scalping (1-5 minute charts)**:
- Lookback Period: 10-20
- ATR Period: 14
- Trailing Stop: Conservative mode
- Time Filter: Major session hours only
**For Day Trading (15-60 minute charts)**:
- Lookback Period: 20-30
- ATR Period: 14-21
- Trailing Stop: Balanced mode
- Time Filter: Extended trading hours
**For Swing Trading (4H+ charts)**:
- Lookback Period: 30-50
- ATR Period: 21+
- Trailing Stop: Aggressive mode
- Time Filter: Disabled or very broad
### Market Compatibility
- **Forex**: Excellent for major pairs during active sessions
- **Stocks**: Ideal for liquid stocks during market hours
- **Futures**: Perfect for index and commodity futures
- **Crypto**: Effective on major cryptocurrencies (24/7 capability)
### Risk Considerations
- **Market Conditions**: Performance varies with volatility regimes
- **Timeframe Selection**: Lower timeframes require tighter risk management
- **Position Sizing**: Never risk more than 1-2% of account per trade
- **Backtesting**: Always test on historical data before live implementation
## Educational Value
FlowState serves as an excellent learning tool for:
- Understanding support/resistance trading
- Learning proper time-based filtering
- Mastering trailing stop techniques
- Developing systematic trading approaches
- Risk management best practices
## Disclaimer
This strategy is for educational and informational purposes only. Past performance does not guarantee future results. Trading involves substantial risk of loss and is not suitable for all investors. Users should thoroughly backtest the strategy and understand all risks before live trading. Always use proper position sizing and never risk more than you can afford to lose.
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*FlowState Trader represents the evolution of systematic trading - combining classical technical analysis with modern risk management and intelligent time filtering to help traders achieve their optimal performance state through systematic, disciplined execution.*
Ultimate Scalping Strategy v2Strategy Overview
This is a versatile scalping strategy designed primarily for low timeframes (like 1-min, 3-min, or 5-min charts). Its core logic is based on a classic EMA (Exponential Moving Average) crossover system, which is then filtered by the VWAP (Volume-Weighted Average Price) to confirm the trade's direction in alignment with the market's current intraday sentiment.
The strategy is highly customizable, allowing traders to add layers of confirmation, control trade direction, and manage exits with precision.
Core Strategy Logic
The strategy's entry signals are generated when two primary conditions are met simultaneously:
Momentum Shift (EMA Crossover): It looks for a crossover between a fast EMA (default length 9) and a slow EMA (default length 21).
Buy Signal: The fast EMA crosses above the slow EMA, indicating a potential shift to bullish momentum.
Sell Signal: The fast EMA crosses below the slow EMA, indicating a potential shift to bearish momentum.
Trend/Sentiment Filter (VWAP): The crossover signal is only considered valid if the price is on the "correct" side of the VWAP.
For a Buy Signal: The price must be trading above the VWAP. This confirms that, on average, buyers are in control for the day.
For a Sell Signal: The price must be trading below the VWAP. This confirms that sellers are generally in control.
Confirmation Filters (Optional)
To increase the reliability of the signals and reduce false entries, the strategy includes two optional confirmation filters:
Price Action Filter (Engulfing Candle): If enabled (Use Price Action), the entry signal is only valid if the crossover candle is also an "engulfing" candle.
A Bullish Engulfing candle is a large green candle that completely "engulfs" the body of the previous smaller red candle, signaling strong buying pressure.
A Bearish Engulfing candle is a large red candle that engulfs the previous smaller green candle, signaling strong selling pressure.
Volume Filter (Volume Spike): If enabled (Use Volume Confirmation), the entry signal must be accompanied by a surge in volume. This is confirmed if the volume of the entry candle is greater than its recent moving average (default 20 periods). This ensures the move has strong participation behind it.
Exit Strategy
A position can be closed in one of three ways, creating a comprehensive exit plan:
Stop Loss (SL): A fixed stop loss is set at a level determined by a multiple of the Average True Range (ATR). For example, a 1.5 multiplier places the stop 1.5 times the current ATR value away from the entry price. This makes the stop dynamic, adapting to market volatility.
Take Profit (TP): A fixed take profit is also set using an ATR multiplier. By setting the TP multiplier higher than the SL multiplier (e.g., 2.0 for TP vs. 1.5 for SL), the strategy aims for a positive risk-to-reward ratio on each trade.
Exit on Opposite Signal (Reversal): If enabled, an open position will be closed automatically if a valid entry signal in the opposite direction appears. For example, if you are in a long trade and a valid short signal occurs, the strategy will exit the long position immediately. This feature turns the strategy into more of a reversal system.
Key Features & Customization
Trade Direction Control: You can enable or disable long and short trades independently using the Allow Longs and Allow Shorts toggles. This is useful for trading in harmony with a higher-timeframe trend (e.g., only allowing longs in a bull market).
Visual Plots: The strategy plots the Fast EMA, Slow EMA, and VWAP on the chart for easy visualization of the setup. It also plots up/down arrows to mark where valid buy and sell signals occurred.
Dynamic SL/TP Line Plotting: A standout feature is that the strategy automatically draws the exact Stop Loss and Take Profit price lines on the chart for every active trade. These lines appear when a trade is entered and disappear as soon as it is closed, providing a clear visual of your risk and reward targets.
Alerts: The script includes built-in alertcondition calls. This allows you to create alerts in TradingView that can notify you on your phone or execute trades automatically via a webhook when a long or short signal is generated.
ChopFlow ATR Scalp StrategyA lean, high-velocity scalp framework for NQ and other futures that blends trend clarity, volume confirmation, and adaptive exits to give you precise, actionable signals—no cluttered bands or lagging indicators.
⸻
🔍 Overview
This strategy locks onto rapid intraday moves by:
• Filtering for directional momentum with the Choppiness Index (CI)
• Confirming conviction via On-Balance Volume (OBV) against its moving average
• Automatically sizing stops and targets with a multiple of the Average True Range (ATR)
It’s designed for scalp traders who need clean, timely entries without wading through choppy noise.
⸻
⚙️ Key Features & Inputs
1. ATR Length & Multiplier
• Controls exit distances based on current volatility.
2. Choppiness Length & Threshold
• Measures trend strength; only fires when the market isn’t “stuck in the mud.”
3. OBV SMA Length
• Smoothes volume flow to confirm genuine buying or selling pressure.
4. Custom Session Hours
• Avoid overnight gaps or low-liquidity periods.
All inputs are exposed for rapid tuning to your preferred scalp cadence.
🚀 How It Works
1. Long Entry triggers when:
• CI < threshold (strong trend)
• OBV > its SMA (positive volume flow)
• You’re within the defined session
2. Short Entry mirrors the above (CI < threshold, OBV < SMA)
3. Exit uses ATR × multiplier for both stop-loss and take-profit
⸻
🎯 Usage Tips
• Start with defaults (ATR 14, multiplier 1.5; CI 14, threshold 60; OBV SMA 10).
• Monitor signal frequency, then tighten/loosen CI or OBV look-back as needed.
• Pair with a fast MA crossover or price-action trigger if you want even sharper timing.
• Backtest across different sessions (early open vs. power hours) to find your edge.
⸻
⚠️ Disclaimer
This script is provided “as-is” for educational and research purposes. Always paper-trade any new setup extensively before deploying live capital, and adjust risk parameters to your personal tolerance.
⸻
Elevate your scalp game with ChopFlow ATR—where trend, volume, and volatility converge for clear, confident entries. Happy scalping!
Williams R Zone Scalper v1.0[BullByte]Originality & Usefulness
Unlike standard Williams R cross-over scripts, this strategy layers five dynamic filters—moving-average trend, Supertrend, Choppiness Index, Bollinger Band Width, and volume validation —and presents a real-time dashboard with equity, PnL, filter status, and key indicator values. No other public Pine script combines these elements with toggleable filters and a custom dashboard. In backtests (BTC/USD (Binance), 5 min, 24 Mar 2025 → 28 Apr 2025), adding these filters turned a –2.09 % standalone Williams R into a +5.05 % net winner while cutting maximum drawdown in half.
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What This Script Does
- Monitors Williams R (length 14) for overbought/oversold reversals.
- Applies up to five dynamic filters to confirm trend strength and volatility direction:
- Moving average (SMA/EMA/WMA/HMA)
- Supertrend line
- Choppiness Index (CI)
- Bollinger Band Width (BBW)
- Volume vs. its 50-period MA
- Plots blue arrows for Long entries (R crosses above –80 + all filters green) and red arrows for Short entries (R crosses below –20 + all filters green).
- Optionally sets dynamic ATR-based stop-loss (1.5×ATR) and take-profit (2×ATR).
- Shows a dashboard box with current position, equity, PnL, filter status, and real-time Williams R / MA/volume values.
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Backtest Summary (BTC/USD(Binance), 5 min, 24 Mar 2025 → 28 Apr 2025)
• Total P&L : +50.70 USD (+5.05 %)
• Max Drawdown : 31.93 USD (3.11 %)
• Total Trades : 198
• Win Rate : 55.05 % (109/89)
• Profit Factor : 1.288
• Commission : 0.01 % per trade
• Slippage : 0 ticks
Even in choppy March–April, this multi-filter approach nets +5 % with a robust risk profile, compared to –2.09 % and higher drawdown for Williams R alone.
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Williams R Alone vs. Multi-Filter Version
• Total P&L :
– Williams R alone → –20.83 USD (–2.09 %)
– Multi-Filter → +50.70 USD (+5.05 %)
• Max Drawdown :
– Williams R alone → 62.13 USD (6.00 %)
– Multi-Filter → 31.93 USD (3.11 %)
• Total Trades : 543 vs. 198
• Win Rate : 60.22 % vs. 55.05 %
• Profit Factor : 0.943 vs. 1.288
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Inputs & What They Control
- wrLen (14): Williams R look-back
- maType (EMA): Trend filter type (SMA, EMA, WMA, HMA)
- maLen (20): Moving-average period
- useChop (true): Toggle Choppiness Index filter
- ciLen (12): CI look-back length
- chopThr (38.2): CI threshold (below = trending)
- useVol (true): Toggle volume-above-average filter
- volMaLen (50): Volume MA period
- useBBW (false): Toggle Bollinger Band Width filter
- bbwMaLen (50): BBW MA period
- useST (false): Toggle Supertrend filter
- stAtrLen (10): Supertrend ATR length
- stFactor (3.0): Supertrend multiplier
- useSL (false): Toggle ATR-based SL/TP
- atrLen (14): ATR period for SL/TP
- slMult (1.5): SL = slMult × ATR
- tpMult (2.0): TP = tpMult × ATR
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How to Read the Chart
- Blue arrow (Long): Williams R crosses above –80 + all enabled filters green
- Red arrow (Short) : Williams R crosses below –20 + all filters green
- Dashboard box:
- Top : position and equity
- Next : cumulative PnL in USD & %
- Middle : green/white dots for each filter (green=passing, white=disabled)
- Bottom : Williams R, MA, and volume current values
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Usage Tips
- Add the script : Indicators → My Scripts → Williams R Zone Scalper v1.0 → Add to BTC/USD chart on 5 min.
- Defaults : Optimized for BTC/USD.
- Forex majors : Raise `chopThr` to ~42.
- Stocks/high-beta : Enable `useBBW`.
- Enable SL/TP : Toggle `useSL`; stop-loss = 1.5×ATR, take-profit = 2×ATR apply automatically.
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Common Questions
- * Why not trade every Williams R reversal?*
Raw Williams R whipsaws in sideways markets. Choppiness and volume filters reduce false entries.
- *Can I use on 1 min or 15 min?*
Yes—adjust ATR length or thresholds accordingly. Defaults target 5 min scalping.
- *What if all filters are on?*
Fewer arrows, higher-quality signals. Expect ~10 % boost in average win size.
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Disclaimer & License
Trading carries risk of loss. Use this script “as is” under the Mozilla Public License 2.0 (mozilla.org). Always backtest, paper-trade, and adjust risk settings to your own profile.
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Credits & References
- Pine Script v6, using TradingView’s built-in `ta.supertrend()`.
- TradingView House Rules: www.tradingview.com
Goodluck!
BullByte
Reversal Trading Bot Strategy[BullByte]Overview :
The indicator Reversal Trading Bot Strategy is crafted to capture potential market reversal points by combining momentum, volatility, and trend alignment filters. It uses a blend of technical indicators to identify both bullish and bearish reversal setups, ensuring that multiple market conditions are met before entering a trade.
Core Components :
Technical Indicators Used :
RSI (Relative Strength Index) :
Purpose : Detects divergence conditions by comparing recent lows/highs in price with the RSI.
Parameter : Length of 8.
Bollinger Bands (BB) :
Purpose : Measures volatility and identifies price levels that are statistically extreme.
Parameter : Length of 20 and a 2-standard deviation multiplier.
ADX (Average Directional Index) & DMI (Directional Movement Index) :
Purpose : Quantifies the strength of the trend. The ADX threshold is set at 20, and additional filters check for the alignment of the directional indicators (DI+ and DI–).
ATR (Average True Range) :
Purpose : Provides a volatility measure used to set stop levels and determine risk through trailing stops.
Volume SMA (Simple Moving Average of Volume ):
Purpose : Helps confirm strength by comparing the current volume against a 20-period average, with an optional filter to ensure volume is at least twice the SMA.
User-Defined Toggle Filters :
Volume Filter : Confirms that the volume is above average (or twice the SMA) before taking trades.
ADX Trend Alignment Filter : Checks that the ADX’s directional indicators support the trade direction.
BB Close Confirmation : Optionally refines the entry by requiring price to be beyond the upper or lower Bollinger Band rather than just above or below.
RSI Divergence Exit : Allows the script to close positions if RSI divergence is detected.
BB Mean Reversion Exit : Closes positions if the price reverts to the Bollinger Bands’ middle line.
Risk/Reward Filter : Ensures that the potential reward is at least twice the risk by comparing the distance to the Bollinger Band with the ATR.
Candle Movement Filter : Optional filter to require a minimum percentage move in the candle to confirm momentum.
ADX Trend Exit : Closes positions if the ADX falls below the threshold and the directional indicators reverse.
Entry Conditions :
Bullish Entry :
RSI Divergence : Checks if the current close is lower than a previous low while the RSI is above the previous low, suggesting bullish divergence.
Bollinger Confirmation : Requires that the price is above the lower (or upper if confirmation is toggled) Bollinger Band.
Volume & Trend Filters : Combines volume condition, ADX strength, and an optional candle momentum condition.
Risk/Reward Check : Validates that the trade meets a favorable risk-to-reward ratio.
Bearish Entry :
Uses a mirror logic of the bullish entry by checking for bearish divergence, ensuring the price is below the appropriate Bollinger level, and confirming volume, trend strength, candle pattern, and risk/reward criteria.
Trade Execution and Exit Strateg y:
Trade Execution :
Upon meeting the entry conditions, the strategy initiates a long or short position.
Stop Loss & Trailing Stops :
A stop-loss is dynamically set using the ATR value, and trailing stops are implemented as a percentage of the close price.
Exit Conditions :
Additional exit filters can trigger early closures based on RSI divergence, mean reversion (via the middle Bollinger Band), or a weakening trend as signaled by ADX falling below its threshold.
This multi-layered exit strategy is designed to lock in gains or minimize losses if the market begins to reverse unexpectedly.
How the Strategy Works in Different Market Conditions :
Trending Markets :
The ADX filter ensures that trades are only taken when the trend is strong. When the market is trending, the directional movement indicators help confirm the momentum, making the reversal signal more reliable.
Ranging Markets :
In choppy markets, the Bollinger Bands expand and contract, while the RSI divergence can highlight potential turning points. The optional filters can be adjusted to avoid false signals in low-volume or low-volatility conditions.
Volatility Management :
With ATR-based stop-losses and a risk/reward filter, the strategy adapts to current market volatility, ensuring that risk is managed consistently.
Recommendation on using this Strategy with a Trading Bot :
This strategy is well-suited for high-frequency trading (HFT) due to its ability to quickly identify reversal setups and execute trades dynamically with automated stop-loss and trailing exits. By integrating this script with a TradingView webhook-based bot or an API-driven execution system, traders can automate trade entries and exits in real-time, reducing manual execution delays and capitalizing on fast market movements.
Disclaimer :
This script is provided for educational and informational purposes only. It is not intended as investment advice. Trading involves significant risk, and you should always conduct your own research and analysis before making any trading decisions. The author is not responsible for any losses incurred while using this script.
Smart Grid Scalping (Pullback) Strategy[BullByte]The Smart Grid Scalping (Pullback) Strategy is a high-frequency trading strategy designed for short-term traders who seek to capitalize on market pullbacks. This strategy utilizes a dynamic ATR-based grid system to define optimal entry points, ensuring precise trade execution. It integrates volatility filtering and an RSI-based confirmation mechanism to enhance signal accuracy and reduce false entries.
This strategy is specifically optimized for scalping by dynamically adjusting trade levels based on current market conditions. The grid-based system helps capture retracement opportunities while maintaining strict trade management through predefined profit targets and trailing stop-loss mechanisms.
Key Features :
1. ATR-Based Grid System :
- Uses a 10-period ATR to dynamically calculate grid levels for entry points.
- Prevents chasing trades by ensuring price has reached key levels before executing entries.
2. No Trade Zone Protection :
- Avoids low-volatility zones where price action is indecisive.
- Ensures only high-momentum trades are executed to improve success rate.
3. RSI-Based Entry Confirmation :
- Long trades are triggered when RSI is below 30 (oversold) and price is in the lower grid zone.
- Short trades are triggered when RSI is above 70 (overbought) and price is in the upper grid zone.
4. Automated Trade Execution :
- Long Entry: Triggered when price drops below the first grid level with sufficient volatility.
- Short Entry: Triggered when price exceeds the highest grid level with sufficient volatility.
5. Take Profit & Trailing Stop :
- Profit target set at a customizable percentage (default 0.2%).
- Adaptive trailing stop mechanism using ATR to lock in profits while minimizing premature exits.
6. Visual Trade Annotations :
- Clearly labeled "LONG" and "SHORT" markers appear at trade entries for better visualization.
- Grid levels are plotted dynamically to aid decision-making.
Strategy Logic :
- The script first calculates the ATR-based grid levels and ensures price action has sufficient volatility before allowing trades.
- An additional RSI filter is used to ensure trades are taken at ideal market conditions.
- Once a trade is executed, the script implements a trailing stop and predefined take profit to maximize gains while reducing risks.
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Disclaimer :
Risk Warning :
This strategy is provided for educational and informational purposes only. Trading involves significant risk, and past performance is not indicative of future results. Users are advised to conduct their own due diligence and risk management before using this strategy in live trading.
The developer and publisher of this script are not responsible for any financial losses incurred by the use of this strategy. Market conditions, slippage, and execution quality can affect real-world trading outcomes.
Use this script at your own discretion and always trade responsibly.
MACD Volume Strategy (BBO + MACD State, Reversal Type)Overview
MACD Volume Strategy (BBO + MACD State, Reversal Type) is a momentum-based reversal system that combines MACD crossover logic with volume filtering to enhance signal accuracy and minimize noise. It aims to identify structural trend shifts and manage risk using predefined parameters.
※This strategy is for educational and research purposes only. All results are based on historical simulations and do not guarantee future performance.
Strategy Objectives
Identify early trend transitions with high probability
Filter entries using volume dynamics to validate momentum
Maintain continuous exposure using a reversal-style model
Apply a consistent 1:1.5 risk-to-reward ratio per trade
Key Features
Integrated MACD and volume oscillator filtering
Zero repainting (all signals confirmed on closed candles)
Automatic position flipping for seamless direction shifts
Stop-loss and take-profit based on recent structural highs/lows
Trading Rules
Long Entry Conditions
MACD crosses above the zero line (BBO Buy arrow)
Volume oscillator is positive (short EMA > long EMA)
MACD is above the signal line
Close any existing short and enter a new long
Short Entry Conditions
MACD crosses below the zero line (BBO Sell arrow)
Volume oscillator is positive
MACD is below the signal line
Close any existing long and enter a new short
Exit Rules
Take Profit (TP) = Entry ± (risk distance × 1.5)
Stop Loss (SL) = Recent swing low (for long) or high (for short)
Early Exit = Triggered when a reversal signal appears (flip logic)
Risk Management Parameters
Pair: ETH/USD
Timeframe: 10-minute
Starting Capital: $3,000
Commission: 0.02%
Slippage: 2 pip
Risk per Trade: 5% of account equity (adjusted for sustainable practice)
Total Trades: 312 (backtest on selected dataset)
※Risk parameters are fully configurable and should be adjusted to suit each trader's personal setup and broker conditions.
Parameters & Configurations
Volume Short Length: 6
Volume Long Length: 12
MACD Fast Length: 11
MACD Slow Length: 21
Signal Smoothing: 10
Oscillator MA Type: SMA
Signal Line MA Type: SMA
Visual Support
Green arrow = Long entry
Red arrow = Short entry
MACD lines, signal line, and histogram
SL/TP markers plotted directly on the chart
Strategic Advantages & Uniqueness
Volume filtering eliminates low-participation, weak signals
Structurally aligned SL/TP based on recent market pivots
No repainting — decisions are made only on closed candles
Always in the market due to the reversal-style framework
Inspirations & Attribution
This strategy is inspired by the excellent work of:
Bitcoinblockchainonline – “BBO_Roxana_Signals MACD + vol”
Leveraging MACD zero-line cross and volume oscillator for intuitive signal generation.
HasanRifat – “MACD Fake Filter ”
Introduced a signal filter using MACD wave height averaging to reduce false positives.
This strategy builds upon those ideas to create a more automated, risk-aware, and technically adaptive system.
Summary
MACD Volume Strategy is a clean, logic-first automated trading system built for precision-seeking traders. It avoids discretionary bias and provides consistent signal logic under backtested historical conditions.
100% mechanical — no discretionary input required
Designed for high-confidence entries
Can be extended with filters, alerts, or trailing stops
※Strategy performance depends on market context. Past performance is not indicative of future results. Use with proper risk management and careful configuration.
Ultimate T3 Fibonacci for BTC Scalping. Look at backtest report!Hey Everyone!
I created another script to add to my growing library of strategies and indicators that I use for automated crypto trading! This strategy is for BITCOIN on the 30 minute chart since I designed it to be a scalping strategy. I calculated for trading fees, and use a small amount of capital in the backtest report. But feel free to modify the capital and how much per order to see how it changes the results:)
It is called the "Ultimate T3 Fibonacci Indicator by NHBprod" that computes and displays two T3-based moving averages derived from price data. The t3_function calculates the Tilson T3 indicator by applying a series of exponential moving averages to a combined price metric and then blending these results with specific coefficients derived from an input factor.
The script accepts several user inputs that toggle the use of the T3 filter, select the buy signal method, and set parameters like lengths and volume factors for two variations of the T3 calculation. Two T3 lines, T3 and T32, are computed with different parameters, and their colors change dynamically (green/red for T3 and blue/purple for T32) based on whether the lines are trending upward or downward. Depending on the selected signal method, the script generates buy signals either when T32 crosses over T3 or when the closing price is above T3, and similarly, sell signals are generated on the respective conditions for crossing under or closing below. Finally, the indicator plots the T3 lines on the chart, adds visual buy/sell markers, and sets alert conditions to notify users when the respective trading signals occur.
The user has the ability to tune the parameters using TP/SL, date timerames for analyses, and the actual parameters of the T3 function including the buy/sell signal! Lastly, the user has the option of trading this long, short, or both!
Let me know your thoughts and check out the backtest report!
Ultimate Stochastics Strategy by NHBprod Use to Day Trade BTCHey All!
Here's a new script I worked on that's super simple but at the same time useful. Check out the backtest results. The backtest results include slippage and fees/commission, and is still quite profitable. Obviously the profitability magnitude depends on how much capital you begin with, and how much the user utilizes per order, but in any event it seems to be profitable according to backtests.
This is different because it allows you full functionality over the stochastics calculations which is designed for random datasets. This script allows you to:
Designate ANY period of time to analyze and study
Choose between Long trading, short trading, and Long & Short trading
It allows you to enter trades based on the stochastics calculations
It allows you to EXIT trades using the stochastics calculations or take profit, or stop loss, Or any combination of those, which is nice because then the user can see how one variable effects the overall performance.
As for the actual stochastics formula, you get control, and get to SEE the plot lines for slow K, slow D, and fast K, which is usually not considered.
You also get the chance to modify the smoothing method, which has not been done with regular stochastics indicators. You get to choose the standard simple moving average (SMA) method, but I also allow you to choose other MA's such as the HMA and WMA.
Lastly, the user gets the option of using a custom trade extender, which essentially allows a buy or sell signal to exist for X amount of candles after the initial signal. For example, you can use "max bars since signal" to 1, and this will allow the indicator to produce an extra sequential buy signal when a buy signal is generated. This can be useful because it is possible that you use a small take profit (TP) and quickly exit a profitable trade. With the max bars since signal variable, you're able to reenter on the next candle and allow for another opportunity.
Let me know if you have any questions! Please take a look at the performance report and let me know your thoughts! :)
Adaptive Fractal Grid Scalping StrategyThis Pine Script v6 component implements an "Adaptive Fractal Grid Scalping Strategy" with an added volatility threshold feature.
Here's how it works:
Fractal Break Detection: Uses ta.pivothigh and ta.pivotlow to identify local highs and lows.
Volatility Clustering: Measures volatility using the Average True Range (ATR).
Adaptive Grid Levels: Dynamically adjusts grid levels based on ATR and user-defined multipliers.
Directional Bias Filter: Uses a Simple Moving Average (SMA) to determine trend direction.
Volatility Threshold: Introduces a new input to specify a minimum ATR value required to activate the strategy.
Trade Execution Logic: Places limit orders at grid levels based on trend direction and fractal levels, but only when ATR exceeds the volatility threshold.
Profit-Taking and Stop-Loss: Implements profit-taking at grid levels and a trailing stop-loss based on ATR.
How to Use
Inputs: Customize the ATR length, SMA length, grid multipliers, trailing stop multiplier, and volatility threshold through the input settings.
Visuals: The script plots fractal points and grid levels on the chart for easy visualization.
Trade Signals: The strategy automatically places buy/sell orders based on the detected fractals, trend direction, and volatility threshold.
Profit and Risk Management: The script includes logic for taking profits and setting stop-loss levels to manage trades effectively.
This strategy is designed to capitalize on micro-movements during high volatility and avoid overtrading during low-volatility trends. Adjust the input parameters to suit your trading style and market conditions.
Precision Trading Strategy: Golden EdgeThe PTS: Golden Edge strategy is designed for scalping Gold (XAU/USD) on lower timeframes, such as the 1-minute chart. It captures high-probability trade setups by aligning with strong trends and momentum, while filtering out low-quality trades during consolidation or low-volatility periods.
The strategy uses a combination of technical indicators to identify optimal entry points:
1. Exponential Moving Averages (EMAs): A fast EMA (3-period) and a slow EMA (33-period) are used to detect short-term trend reversals via crossover signals.
2. Hull Moving Average (HMA): A 66-period HMA acts as a higher-timeframe trend filter to ensure trades align with the overall market direction.
3. Relative Strength Index (RSI): A 12-period RSI identifies momentum. The strategy requires RSI > 55 for long trades and RSI < 45 for short trades, ensuring entries are backed by strong buying or selling pressure.
4. Average True Range (ATR): A 14-period ATR ensures trades occur only during volatile conditions, avoiding choppy or low-movement markets.
By combining these tools, the PTS: Golden Edge strategy creates a precise framework for scalping and offers a systematic approach to capitalize on Gold’s price movements efficiently.
Scalping with Williams %R, MACD, and SMA (1m)Overview:
This trading strategy is designed for scalping in the 1-minute timeframe. It uses a combination of the Williams %R, MACD, and SMA indicators to generate buy and sell signals. It also includes alert functionalities to notify users when trades are executed or closed.
Indicators Used:
Williams %R : A momentum indicator that measures overbought and oversold conditions. The Williams %R values range from -100 to 0.
Length: 140 bars (i.e., 140-period).
MACD (Moving Average Convergence Divergence) : A trend-following momentum indicator that shows the relationship between two moving averages of a security's price.
Fast Length: 24 bars
Slow Length: 52 bars
MACD Length: 9 bars (signal line)
SMA (Simple Moving Average) : A trend-following indicator that smooths out price data to create a trend-following indicator.
Length: 7 bars
Conditions and Logic:
Timeframe Check :
The strategy is designed specifically for the 1-minute timeframe. If the current chart is not on the 1-minute timeframe, a warning label is displayed on the chart instructing the user to switch to the 1-minute timeframe.
Williams %R Conditions :
Buy Condition: The strategy looks for a crossover of Williams %R from below -94 to above -94. This indicates a potential buying opportunity when the market is moving out of an oversold condition.
Sell Condition: The strategy looks for a crossunder of Williams %R from above -6 to below -6. This indicates a potential selling opportunity when the market is moving out of an overbought condition.
Deactivate Buy: If Williams %R crosses above -40, the buy signal is deactivated, suggesting that the buying condition is no longer valid.
Deactivate Sell: If Williams %R crosses below -60, the sell signal is deactivated, suggesting that the selling condition is no longer valid.
MACD Conditions :
MACD Histogram: Used to identify the momentum and the direction of the trend.
Long Entry: The strategy initiates a buy order if the MACD histogram shows a positive bar after a negative bar while a buy condition is active and Williams %R is above -94.
Long Exit: The strategy exits the buy position if the MACD histogram turns negative and is below the previous histogram bar.
Short Entry: The strategy initiates a sell order if the MACD histogram shows a negative bar after a positive bar while a sell condition is active and Williams %R is below -6.
Short Exit: The strategy exits the sell position if the MACD histogram turns positive and is above the previous histogram bar.
Trend Confirmation (Using SMA) :
Bullish Trend: The strategy considers a bullish trend if the current price is above the 7-bar SMA. A buy signal is only considered if this condition is met.
Bearish Trend: The strategy considers a bearish trend if the current price is below the 7-bar SMA. A sell signal is only considered if this condition is met.
Alerts:
Long Entry Alert: An alert is triggered when a buy order is executed.
Long Exit Alert: An alert is triggered when the buy order is closed.
Short Entry Alert: An alert is triggered when a sell order is executed.
Short Exit Alert: An alert is triggered when the sell order is closed.
Summary:
Buy Signal: Activated when Williams %R crosses above -94 and the price is above the 7-bar SMA. A buy order is placed if the MACD histogram shows a positive bar after a negative bar. The buy order is closed when the MACD histogram turns negative and is below the previous histogram bar.
Sell Signal: Activated when Williams %R crosses below -6 and the price is below the 7-bar SMA. A sell order is placed if the MACD histogram shows a negative bar after a positive bar. The sell order is closed when the MACD histogram turns positive and is above the previous histogram bar.
This strategy combines momentum (Williams %R), trend-following (MACD), and trend confirmation (SMA) to identify trading opportunities in the 1-minute timeframe. It is designed for short-term trading or scalping.
Advanced Gold Scalping Strategy with RSI Divergence# Advanced Gold Scalping Strategy with RSI Divergence
## Overview
This Pine Script implements an advanced scalping strategy for gold (XAUUSD) trading, primarily designed for the 1-minute timeframe. The strategy utilizes the Relative Strength Index (RSI) indicator along with its moving average to identify potential trade setups based on divergences between price action and RSI movements.
## Key Components
### 1. RSI Calculation
- Uses a customizable RSI length (default: 60)
- Allows selection of the source for RSI calculation (default: close price)
### 2. Moving Average of RSI
- Supports multiple MA types: SMA, EMA, SMMA (RMA), WMA, VWMA, and Bollinger Bands
- Customizable MA length (default: 3)
- Option to display Bollinger Bands with adjustable standard deviation multiplier
### 3. Divergence Detection
- Implements both bullish and bearish divergence identification
- Uses pivot high and pivot low points to detect divergences
- Allows for customization of lookback periods and range for divergence detection
### 4. Entry Conditions
- Long Entry: Bullish divergence when RSI is below 40
- Short Entry: Bearish divergence when RSI is above 60
### 5. Trade Management
- Stop Loss: Customizable, default set to 11 pips
- Take Profit: Customizable, default set to 33 pips
### 6. Visualization
- Plots RSI line and its moving average
- Displays horizontal lines at 30, 50, and 70 RSI levels
- Shows Bollinger Bands when selected
- Highlights divergences with "Bull" and "Bear" labels on the chart
## Input Parameters
- RSI Length: Adjusts the period for RSI calculation
- RSI Source: Selects the price source for RSI (close, open, high, low, hl2, hlc3, ohlc4)
- MA Type: Chooses the type of moving average applied to RSI
- MA Length: Sets the period for the moving average
- BB StdDev: Adjusts the standard deviation multiplier for Bollinger Bands
- Show Divergence: Toggles the display of divergence labels
- Stop Loss: Sets the stop loss distance in pips
- Take Profit: Sets the take profit distance in pips
## Strategy Logic
1. **RSI Calculation**:
- Computes RSI using the specified length and source
- Calculates the chosen type of moving average on the RSI
2. **Divergence Detection**:
- Identifies pivot points in both price and RSI
- Checks for higher lows in RSI with lower lows in price (bullish divergence)
- Checks for lower highs in RSI with higher highs in price (bearish divergence)
3. **Trade Entry**:
- Enters a long position when a bullish divergence is detected and RSI is below 40
- Enters a short position when a bearish divergence is detected and RSI is above 60
4. **Position Management**:
- Places a stop loss order at the entry price ± stop loss pips (depending on the direction)
- Sets a take profit order at the entry price ± take profit pips (depending on the direction)
5. **Visualization**:
- Plots the RSI and its moving average
- Draws horizontal lines for overbought/oversold levels
- Displays Bollinger Bands if selected
- Shows divergence labels on the chart for identified setups
## Usage Instructions
1. Apply the script to a 1-minute XAUUSD (Gold) chart in TradingView
2. Adjust the input parameters as needed:
- Increase RSI Length for less frequent but potentially more reliable signals
- Modify MA Type and Length to change the sensitivity of the RSI moving average
- Adjust Stop Loss and Take Profit levels based on current market volatility
3. Monitor the chart for Bull (long) and Bear (short) labels indicating potential trade setups
4. Use in conjunction with other analysis and risk management techniques
## Considerations
- This strategy is designed for short-term scalping and may not be suitable for all market conditions
- Always backtest and forward test the strategy before using it with real capital
- The effectiveness of divergence-based strategies can vary depending on market trends and volatility
- Consider using additional confirmation signals or filters to improve the strategy's performance
Remember to adapt the strategy parameters to your risk tolerance and trading style, and always practice proper risk management.
ORB Heikin Ashi SPY 5min Correlation StrategyOverview:
The ORB (Opening Range Breakout) strategy combined with Heikin Ashi candles and Relative Volume (RVOL) indicator aims to capitalize on significant price movements that occur shortly after the market opens. This strategy identifies breakouts above or below the opening range, using Heikin Ashi candles for smoother price visualization and RVOL to gauge the strength of the breakout.
Components:
Opening Range Breakout (ORB): The strategy starts by defining the opening range, typically the first few minutes of the trading session. It then identifies breakouts above the high or below the low of this range as potential entry points.
Heikin Ashi Candles: Heikin Ashi candles are used to provide a smoother representation of price movements compared to traditional candlesticks. By averaging open, close, high, and low prices of the previous candle, Heikin Ashi candles reduce noise and highlight trends more effectively.
Relative Volume (RVOL): RVOL compares the current volume of a stock to its average volume over a specified period. It helps traders identify abnormal trading activity, which can signal potential price movements.
Candle for correlation : In this case we are using SPY candles. It can also use different asset
Strategy Execution:
Initialization: The strategy initializes by setting up variables and parameters, including the ORB period, session timings, and Heikin Ashi candle settings.
ORB Calculation: It calculates the opening range by identifying the high and low prices during the specified session time. These values serve as the initial reference points for potential breakouts. For this we are looking for the first 30 min of the US opening session.
After that we are going to use the next 2 hours to check for breakout opportunities.
Heikin Ashi Transformation: Optionally, the strategy transforms traditional candlestick data into Heikin Ashi format for smoother visualization and trend identification.
Breakout Identification: It continuously monitors price movements within the session and checks if the current high breaches the ORB high or if the current low breaches the ORB low. These events trigger potential long or short entry signals, respectively.
RVOL Analysis: Simultaneously, the strategy evaluates the relative volume of the asset to gauge the strength of the breakout. A surge in volume accompanying the breakout confirms the validity of the signal. In this case we are looking for at least a 1 value of the division between currentVolume and pastVolume
Entry and Exit Conditions: When a breakout occurs and is confirmed by RVOL and is within our session time, the strategy enters a long or short position accordingly. It does not have a stop loss or a takie profit level, instead it will always exit at the end of the trading session, 5 minutes before
Position Sizing and Commissions: For the purpose of this backtest, the strategy allocated 10% of the capital for each trade and assumes a trading commission of 0.01$ per share ( twice the IBKR broker values)
Session End: At the end of the trading session, the strategy closes all open positions to avoid overnight exposure.
Conclusion:
The combination of ORB breakout strategy, Heikin Ashi candles, and RVOL provides traders with a robust framework for identifying and capitalizing on early trends in the market. By leveraging these technical indicators together, traders can make more informed decisions and improve the overall performance of their trading strategies. However, like any trading strategy, it's essential to backtest thoroughly and adapt the strategy to different market conditions to ensure its effectiveness over time.
5 ema strategyThis Strategy is based of Subhashish Pani's (power of stocks) 5 EMA Strategy.strategy used for sell in 5 minutes and for buy in 15 minutes ..
Rules for this strategy ..
Sell signal -
1) if price is above 5 Ema and not touching Ema use as alert candle..
2) if price break low of alert candle strategy open trade ..
3) if price move more upside low of alert candle keep change into next candle ..
4) input we can select number of trade per day .as rule should take only 4 signal should execute
5) stop loss is fixed highest high of last 2 candle and take profit is input multiply of stop loss
buy signal-
1) if price is below 5 Ema and not touching Ema use as alert candle..
2) if price break high of alert candle strategy open trade ..
3) if price move more downside high of alert candle keep change into next candle ..
4) input we can select number of trade per day .as rule should take only 4 signal should execute
5) stop loss is fixed lowest low of last 2 candle and take profit is input multiply of stop loss
notes -input can be selected which side should take signal either buy or sell side ...number of trade can be adjusted ..
Disclaimer -Traders can use this script as a starting point for further customization or as a reference for developing their own trading strategies. It's important to note that past performance is not indicative of future results, and thorough testing and validation are recommended before deploying any trading strategy.
Bollinger Bands - Breakout StrategyThe Bollinger Bands - Breakout Strategy is a trend-following optimized for short-term trading in the crypto market. This strategy employs the Bollinger Bands, a widely recognized technical indicator, as its primary instrument for pinpointing potential trades. It is capable of executing both long and short positions, depending on whether the market is in a spot or futures, and is particularly effective in trending markets.
The strategy boasts a high degree of configurability, allowing users to set the Bollinger Bands period and deviation, trend filter, volatility filter, trade direction filter, rate of change filter, and date filter. Furthermore, it offers options for Take Profit, Stop Loss, and Trailing Stop for both long and short positions, ensuring a comprehensive risk management approach. The inclusion of a maximum intraday loss feature adds another layer of protection, making this strategy a valuable tool for traders seeking a professional and adaptable trading system.
Name : Bollinger Bands - Breakout Strategy
Category : Trend Follower based on Bollinger Bands
Operating mode : Long and Short on Futures or Long on Spot
Trade duration : Intraday
Timeframe : 2H, 3H, 4H, 5H
Market : Crypto
Suggested usage : Trending Markets
Entry : When the price crosses above or below the Bollinger Bands
Exit : Opposite Cross or Profit target, Trailing stop or Stop loss
Configuration :
- Bollinger Bands period and deviation
- Trend Filter
- Volatility Filter
- Trade direction filter
- Rate of Change filter
- Date Filter (for backtesting purposes)
- Take Profit, Stop Loss and Trailing Stop for long and short positions
- Risk Management: Max Intraday Loss
Backtesting :
⁃ Exchange: BINANCE
⁃ Pair: BTCUSDT.P
⁃ Timeframe: 4H
⁃ Fee: 0.025%
⁃ Slippage: 1
- Initial Capital: 10000 USDT
- Position sizing: 10% of Equity
- Start : 2019-09-19 (Out Of Sample from 2022-12-23)
- Bar magnifier: on
Credits :
- LucF of Pine Coders for f_security function to avoid repainting using security.
- QuantNomad for Monthly Table.
Disclaimer : Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.
How you or we can improve? Source code is open so share your ideas!
Leave a comment and smash the boost button!
Thanks for your attention, happy to support the TradingView community.
Soheil PKO's 5 min Hitman Scalp - 3MA + Laguerre RSI + ADX [Pt]Someone sent me this strategy found on YouTube. It is Soheil PKO's "The Best and Most Profitable Scalping Strategy" Best way to find out is to code it =)
This strategy uses Moving Average Ribbon, Laguerre RSI, and ADX. This script only displays the MA ribbon, you will need to add Laguerre RSI and ADX separately.
Long Entry Criteria:
- 16 EMA > 48 EMA > 200 SMA
- Laguerre RSI > 80
- ADX > 20
Long Exit Criterion:
- 16 EMA < 48 EMA
Short Entry Criteria:
- 16 EMA < 48 EMA < 200 SMA
- Laguerre RSI < 20
- ADX > 20
Short Exit Criterion:
- 16 EMA > 48 EMA
As mentioned in the video, risk management is very important, especially for scalping strategies. Therefore, I've added option for setting Stop Loss and Price Target in the options for you guys to play with.
All parameters are configurable.
Enjoy~~
PSAR BBPT ZLSMA BTC 1minLong entry:
PSAR gives buy signal
BBPT prints green histogram
ZLSMA is below the price
ZLSMA has uptrend
SL is smaller than the max SL
Optional Sessions and EMA filters
Short entry
PSAR gives sell signal
BBPT prints red histogram
ZLSMA is above the price
ZLSMA has downtrend
SL is smaller than the max SL
Optional Sessions and EMA filters
SL:
Placed below ZLSMA + offset on long
Placed above ZLSMA + offset on short
TP1:
1x the SL by default
Takes no profit by default, 50% is also a good setting
TP2:
2x the SL by default
Take out all remaining position size.
If price reaches TP1, the SL is set to the entry price.
RSI Divergence Strategywhat is "RSI Divergence Strategy"?
it is a RSI strategy based this indicator:
what it does?
it gives buy or sell signals according to RSI Divergences. it also has different variables such as "take profit", "stop loss" and trailing stop loss.
how it does it?
it uses the "RSI Divergence" indicator to give signal. For detailed information on how it works, you can visit the link above. The quantity of the inputs is proportional to the rsi values. Long trades are directly traded with "RSI" value, while short poses are traded with "100-RSI" value.
How to use it?
The default settings are for scalp strategy but can be used for any type of trading strategy. you can develop different strategies by changing the sections. It is quite simple to use.
RSI length is length of RSİ
source is source of RSİ
RSİ Divergence lenght is length of line on the RSI
The "take profit", "stop" and "trailing stop" parts used in the "buy" group only affect buys. The "sell" group is similarly independent of the variables in the "buy" group.
The "zoom" section is used to enlarge or reduce the indicator. it only changes the appearance, it does not affect the results of the strategy.
Morning Scalp StrategyThe Morning Scalp Strategy combines the 50EMA with the Stochastic Momentum Index. The morning period is when penny stocks usually have the highest volatility, so the strategy works between 10:00 AM and 12:10 PM.
***It opens only long positions. The ideal timeframe for this scalping strategy is 5 minutes on low-price stocks. The stock should spike in the morning with momentum and Volume.
***Look for a daily or intraday support area, close to the open position, to increase the confidence in the play
The components are:
- EMA50: Exponential Moving Average (EMA50)
- Stochastic Momentum Index (SMI)
Rules:
- Period: 10:00 AM and 12:10 PM
- if SMI Crossover and SMI < 0, open a position
- If close < EMA50, close the position
- Profit target: To be decided by the user, default value = 10% above the entry price
If you have any questions, let me know!
Bitcoin Scalping Strategy (Sampled with: PMARP+MADRID MA RIBBON)
DISCLAIMER:
THE CONTENT WITHIN THIS STRATEGY IS CREATED FROM TWO INDICATORS CREATED BY TWO PINESCRIPTER'S. THE STRATEGY WAS EXECUTED BY MYSELF AND REVERSE-ENGINEERED TO MEET THE CONDITIONS OF THE INTENDED STRATEGY REQUESTOR. I DO NOT TAKE CREDIT FOR THE CONTENT WITHIN THE ESTABLISHED LINES MADE CLEAR BY MYSELF.
The Sampled Scripts and creators:
PMAR/PMARP by @The_Caretaker Link to original script:
Madrid MA RIBBON BAR by @Madrid Link to original script:
Cheat Code's strategy notes:
This sampled strategy (Requested by @elemy_eth) is one combining previously created studies. I reverse-engineered the local scope for the Madrid moving average color plots and set entry and exit conditions for certain criteria met. This strategy is meant to deliver an extremely high hit rate on a daily time frame. This is made possible because of the very low take profit percentage, during the context of a macro downtrend it is made easier to hit 1-3% scalps which is made visible with the strategy using sampled scripts I created here.
How it works:
Entry Conditions:
-Enter Long's if the lime color conditions are met true using the script detailed by Marid's MA
- No re-entry into positions needs to be met true (this prevents pyramiding of orders due to conditions being met true) applicable to both long and short side entries.
- To increase hit rate and prevent traps both the parameters of rsi being sub 80 and no previously engulfing candles need to be met true to enter a long position.
- Enter Short's if the red color conditions of Madrid's moving average are met true.
- Closing Long positions are typically not met within this indicator, however, it still sometimes triggers if necessary. This consists of a pmarp sub 99 and a position size greater than 0.0
- Closing Short positions are typically not met within this indicator, however, it still sometimes triggers if necessary. This consists of a pmarp over 01 and a position size less than 0.0
- Stop Loss: 27.75% Take Profit: 1% (Which does not trigger on ticks over 1% so you will see average trade profits greater than 1%)
BYBIT:BTCUSDT BINANCE:BTCUSDT COINBASE:BTCUSD
Best Of Luck :)
-CheatCode1
