LordPepe Stochastic SignalsThis is the Lord Pepe. Howdy. Basic buy/sell indicator to accumulate along a downtrend and release your stack during the uptrend and oversold levels of the stochastic. The buys should be used to stack, and sells indicate levels of profit taking, they do not signal a long term reversal, only < 25% of stack should be released on "OB" signals.
OB - overbought (sell)
OS - oversold (buy)
Trend
Ravih Pro Trend BreakoutThis is a Trend Breakout Strategy on “DAILY Time-frame”
This Strategy is designed keeping in mind with Medium to Long Term traders. The strategy works only on Daily Time-frame and on Closing Price.
The concept here is to identify assets with potential change in trend. Primary focus is to position for the big move. There are times... trying to catch every trend, many of which can be unprofitable especially in side-way market. However, the primary purpose of this strategy is to catch all the major trend movements, which are much more profitable than minor market losses in all the side-way market.
I’ve simplified it to make it user-friendly.
How to use?
Set it to Daily Time-frame.
Buy, Take Profit 1,2,3 and Exit signals are included on chart based on the current Trend direction. The system shows an Exit signal if the system’s exit conditions are met. It works only on Daily Time-frame and on Closing Price.
Dark Blue Up Triangle denotes Buy at the Closing Price. Entry Price is Closing Price or with + or – 2% tolerance of the Closing Price for the following market day.
Purple Down Triangle denotes Exit to close any remaining position to free up capital.
Little Green Up Triangles denote the Bulls are in Control and Overpowering the Bears and represents minor Buying opportunities with strong probability of continuing up-moves.
Setting Up Alerts
The user has the option to Setup Alerts for all chart signals that is…
For Buy, for Exit, for Take Profit 1 set at 24%, for Take Profit 2 set at 48% and for Take Profit 3 set at 72%
The user also has the option to adjust the Take Profit as per their desire. However, the predetermined Take Profit set for this strategy does work reasonably well.
Remember...
This strategy is only built for stocks. It is Not for Indices neither for any other financial instruments.
No SHORT signals in this strategy.
Donchian Channels Strategy by KrisWatersDoncian Channels is a trend tracking indicator developed by Richard Doncian. The upper line of the channel is determined by the highest value seen by the price in the defined period, the lower line of the channel is determined by the lowest value seen by the price in the defined period. The middle line takes the average value of the lower and upper channels.
Strategy Settings:
- Can apply only LONG positions.
- Can apply only SHORT positions.
- Use LONG/SHORT both.
- You can use ATR as a second exit condition. If ATR stop disabled, Donchian upper or lower channel value is use for the exit rule to long and short positions.
Strategy can be able to optimize by changing channel lengths and timeframe.
Statistical and Financial MetricsGood morning traders!
This time I want to share with you a little script that, thanks to the use of arrays, allows you to have interesting statistical and financial insights taken from the symbol on chart and compared to those of another symbol you desire (in this case the metrics taken from the perpetual future ETHUSDT are compared to those taken from the perpetual future BTCUSDT, used as a proxy for the direction of cryptocurrency market)
By enabling "prevent repainting", the data retrieved from the compared symbol won't be on real time but they will static since they will belong to the previous closed candle
Here are the metrics you can have by storing data from a variable period of candles (by default 51):
✓ Variance (of the symbol on chart in GREEN; of the compared symbol in WHITE)
✓ Standard Deviation (of the symbol on chart in OLIVE; of the compared symbol in SILVER)
✓ Yelds (of the symbol on chart in LIME; of the compared symbol in GRAY) → yelds are referred to the previous close, so they would be calculated as the the difference between the current close and the previous one all divided by the previous close
✓ Covariance of the two datasets (in BLUE)
✓ Correlation coefficient of the two datasets (in AQUA)
✓ β (in RED) → this insight is calculated in three alternative ways for educational purpose (don't worry, the output would be the same).
WHAT IS BETA (β)?
The BETA of an asset can be interpretated as the representation (in relative terms) of the systematic risk of an asset: in other terms, it allows you to understand how big is the risk (not eliminable with portfolio diversification) of an asset based on the volatilty of its yelds.
We say that this representation is made in relative terms since it is expressed according to the market portfolio: this portfolio is hypothetically the portfolio which maximizes the diversification effects in order to kill all the specific risk of that portfolio; in this way the standard deviation calculated from the yelds of this portfolio will represent just the not-eliminable risk (the systematic risk), without including the eliminable risk (the specific risk).
The BETA of an asset is calculated as the volatilty of this asset around the volatilty of the market portfolio: being more precise, it is the covariance between the yelds of the current asset and those of the market portfolio all divided by the variance of the yelds of market portfolio.
Covariance is calculated as the product between correlation coefficient, standard deviation of the first dataset and standard deviation of the second asset.
So, as the correlation coefficient and the standard deviation of the yelds of our asset increase (it means that the yelds of our asset are very similiar to those of th market portfolio in terms of sign and intensity and that the volatility of these yelds is quite high), the value of BETA increases as well
According to the Capital Asset Pricing Model (CAPM) promoted by William Sharpe (the guy of the "Sharpe Ratio") and Harry Markowitz, in efficient markets the yeld of an asset can be calculated as the sum between the risk-free interest rate and the risk premium. The risk premium of the specific asset would be the risk premium of the market portfolio multiplied with the value of beta. It is simple: if the volatility of the yelds of an asset around the yelds of market protfolio are particularly high, investors would ask for a higher risk premium that would be translated in a higher yeld.
In this way the expected yeld of an asset would be calculated from the linear expression of the "Security Market Line": r_i = r_f + β*(r_m-r_f)
where:
r_i = expected yeld of the asset
r_f = risk free interest rate
β = beta
r_m = yeld of market portfolio
I know that considering Bitcoin as a proxy of the market portfolio involved in the calculation of Beta would be an inaccuracy since it doesn't have the property of maximum diversification (since it is a single asset), but there's no doubt that it's tying the prices of altcoins (upward and downward) thanks to the relevance of its dominance in the capitalization of cryptocurrency market. So, in the lack of a good index of cryptocurrencies (as the FTSE MIB for the italian stock market), and as long the dominance of Bitcoin will persist with this intensity, we can use Bitcoin as a proxy of the market portfolio
Rainbow Trend IndicatorThis is an indicator based on the MA rainbow concept. It is possible to choose between 15 or 20 MA's and if all 15 MA's is picked, the calculation will be calculated on 15 MA's and if 20 is picked the calculation is calculated on 20 MA's. The indicator will then be a line which is assigned a value from the calculation based on the MA's. If the line is above the dashed zero line, meaning the line's last value is a positive value, the price is in a uptrend and if the line is below the dashed zero line, meaning the line's last value is a negative value, the price is in a downtrend.
In short
If the line is green, the price is in a uptrend. If the line is red, the price is in a downtrend.
[astropark] Trend Skywalker V1 [strategy]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator: Trend Skywalker !
It shows a trend cloud that reacts very fast to price action, so it's perfect for trending markets: it helps a lot to find out
when a trend is going to end and a new is going to start
when to enter again within a trending market
where to put your stoploss
In this example below you can see the three points above:
In fact in a trending market it will highlight that:
price consolidation within the could is a trend weakening signal , so you can easily spot when a trend is going to end and a new is going to start
bullish/bearish trend cloud retests are nice opportunity to re-enter within a trending market, especially if cloud is thick
where to put your stoploss ( below the cloud and/or recent low in a buy scenario , above the cloud and/or recent high in a sell scenario )
This strategy/indicator has the following options:
change analysis window (the lower, the more reactive; the higher, the less reactive)
enable/disable signals on chart
enable/disable "more confirmations" signals filter
enable/disable bars and background coloring based on trend
enable/disable an automatic Trailing Stop strategy option (Automatic Stops)
enable/disable a peak profit tracker (the max percentage profit labels)
enable/disable highlights of trend cloud retests
enable/disable highlights of trend cloud price breakouts
Here below some examples how the indicator works on many markets and timeframe.
ETH/USD 4h
EUR/USD 15m
LTC/BTC 1h
This strategy only trigger 1 buy (where to start a long trade) or 1 sell (for short trade).
Keep in mind that proper risk management and money management strategies are very important to manage your trades (DM me if you need any clarification on these points).
This script will let you backtest the strategy performance over the backtesting period you set in input (it may be a lower period, depending on tradingview candles limitation related to your account).
The one for setting alarms can be found by searching for the astropark's "Trend Skywalker" and then choosing the indicator with "alarms" suffix in the name.
Strategy results are calculated on the time window from February 2018 to now, so about 3 years, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 2x or 3x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use proper money and risk management strategies.
This is a premium indicator , so send me a private message in order to get access to this script.
[TS] Trend MeterHOW IT WORKS
The meter consists of 5 Different Trend Indicators: Gann HILO Activator, ParabolicSAR, our custom TS Oscillator, our non-repainting/non-lagging Higher Timeframe Trend Indicator, plus our Market Sentiment Indicator
HOW TO USE
1. When the majority of the meters turn green, it is a sign the market is heading up.
2. When the majority of the meters turn red, it is a sign the market is going down.
- The user has the option to select how many meters must allign for a signal to show
- The indicator also has the ability to setup Alerts when the selected number of meters turn green or red. This feature is also signaled by the red or green vertical lines.
Linear Correlation OscillatorYou don't need loops to get the rolling correlation between an input series and a linear sequence of values, this can be obtained from the normalized difference between a WMA and an SMA of the input series.
The closed-form solutions for the moving average and standard deviation of a linear sequence can be easily calculated, while the same rolling statistics for the input series can be computed using cumulative sums. All these concepts were introduced in previous indicators posts long ago.
This approach can allow to efficiently compute the rolling R-Squared of a linear regression, as well as its SSE.
Using the rolling correlation as a trend indicator is often attributed to John Ehlers with the correlation trend indicator (Correlation As A Trend Indicator), but the applications of this precise method can be traced back quite a while ago by a wide variety of users, in fact, the LSMA can be computed using this precise indicator. You can see an example where the correlation oscillator appears below:
Hashrate to Securities RatioTMcV
HashSecRatio Original
January,30,2021
The Hashrate to securities ratio is a study to get a view on data flowing through the blockchain and can be applied to any asset available in Tradingview.
This indicator illustrates asset performance vs the moving average of BTC hash rate and accurately highlights price trend tops and bottoms allowing for excellent entry points in long and short trades highlighting overbought and oversold conditions in custom timeframes.
I will allow protected access for a short period of time to gather public opinion after that access will be limited to paid only.
For now if you would like to use this script please leave a comment and add to your favorite scripts.
Twin Optimized Trend Tracker Strategy TOTTAnıl Özekşi's new strategy which is a combination of 2 Optimized Trend Tracker lines which are vertical displaced from original version with a COEFFICIENT to cope with sideways' false signals which he explained in "Toy Borsacı İçin OTT Kullanım Kılavuzu 2"
original version of OTT:
OTT Strategy and Screener:
You can find a detailed explanation with subtitles from the developer of OTT Anıl Özekşi himself as: "Toy Borsacı İçin OTT Kullanım Kılavuzu 2"
SemaforHello Traders!
I have been away for a while but am recovering back gradually! Here is a gift to all of you.
It is based on the much loved ZigZag++ Script
The Semafor is used to spot future multi-level Supports and Resistance zones.
It is also useful to spot HL or LL or HH or LH zones at different Depth settings.
The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal
To ease understanding of the code, I used the function `zigzag()` to show the simplicity in calculation
More will be coming this Year!
Volume Weighted SSL ChannelVolume-weighted SSl channel.
new concept of indicator that does not have in the entire library, different from SSL based on EMA or MA, this indicator can identify turns faster than a conventional indicator that only takes into account the price.
Enjoy and give the feedback.
On Balance Volume FieldsThe On Balance Volume (OBV) indicator was developed by Joseph E. Granville and published first in his book "New key to stock market profits" in 1963. It uses volume to determine momentum of an asset. The base concept of OBV is - in simple terms - you take a running total of the volume and either add or subtract the current timeframe volume if the market goes up or down. The simplest use cases only use the line build that way to confirm direction of price, but the possibilities and applications of OBV go far beyond that and are (at least to my knowledge) not found in existing indicators available on this platform.
If you are interested to get a deeper understanding of OBV, I recommend the lecture of the above mentioned book by Granville. All the features described below are taken directly from the book or are inspired by it (deviations will be marked accordingly). If you have no prior experience with OBV, I recommend to start simple and read an easy introduction (e.g. On-Balance Volume (OBV) Definition from Investopedia) and start applying the basic concepts first before heading into the more advanced analysis of OBV fields and trends.
Markets and Timeframes
As the OBV is "just" a momentum indicator, it should be applicable to any market and timeframe.
As a long term investor, my experience is limited to the longer timeframes (primarily daily), which is also how Granville applies it. But that is most likely due to the time it was developed and the lack of lower timeframe data at that point in time. I don't see why it wouldn't be applicable to any timeframe, but cannot speak from experience here so do your own research and let me know. Likewise, I invest in the crypto markets almost exclusively and hence this is where my experience with this indicator comes from.
Feature List
As a general note before starting into the description of the individual features: I use the colors and values of the default settings of the indicator to describe it. The general look and feel obviously can be customized (and I highly recommend doing so, as this is a very visual representation of volume, and it should suit your way of looking at a chart) and I also tried to make the individual features as customizable as possible.
Also, all additions to the OBV itself can be turned off so that you're left with just the OBV line (although if that's what you want, I recommend a version of the indicator with less overhead).
Fields
Fields are defined as successive UPs or DOWNs on the OBV. An UP is any OBV reading above the last high pivot and subsequently a DOWN is any reading below the last low pivot. An UP-field is the time from the first UP after a DOWN-field to the first DOWN (not including). The same goes for a DOWN field but vice versa.
The field serves the same purpose as the OBV itself. To indicate momentum direction. I haven't found much use for the fields themselves other than serving as a more smoothed view on the current momentum. The real power of the fields emerges when starting to determine larger trends of off them (as you will see soon).
Therefor the fields are displayed on the indicator as background colors (UP = green, DOWN = red), but only very faint to not distract too much from the other parts of the indicator.
Major Volume Trend
The major volume trend - from which Granville says, it's the one that tends to precede price - is determined as the succession of the highest highs and lowest lows of UP and DOWN fields. It is represented by the colors of the numbers printed on the highs and lows of the fields.
The trend to be "Rising" is defined as the highest high of an UP field being higher than the highest high of the last UP field and the lowest low of the last DOWN field being higher than the lowest low of the prior DOWN field. And vice versa for a "Falling" trend. If the trend does not have a rising or falling pattern, it is said to be "Doubtful". The colors are indicated as follows:
Rising = green
Falling = red
Doubtful = blue
ZigZag Swing count
The swing count is determined by counting the number of swings within a trend (as described above) and is represented by the numbers above the highs and lows of the fields. It determines the length and thus strength of a trend.
In general there are two ways to determine the count. The first one is by counting the swings between pivots and the second one by counting the swings between highs and lows of fields. This indicator represents the SECOND one as it represents the longer term trend (which I'm more interested in as it denotes a longer term perspective).
However, the ZigZag count has three applications on the OBV. The "simple ZigZag" is a count of three swings which mainly tells you that the shorter term momentum of the market has changed and the current trend is weakening. This doesn't mean it will reverse. A count of three downs is still healthy if it occurs on a strong uptrend (and vice versa) and it should primarily serve as a sign of caution. If the count increases beyond three, the last trend is weakening considerably, and you should probably take action.
The second count to look out for is five swings - the "compound ZigZag". If this goes hand in hand with breaking a major support/resistance on the OBV it can offer a buying/selling opportunity in the direction of the trend. Otherwise, there's a good chance that this is a reversal signal.
The third count is nine. To quote Granville directly: "there is a very strong tendency FOR MAJOR REVERSAL OF REND AFTER THE NINTH SWING" (emphasis by the author). This is something I look out for and get cautious about, although I have found signal to be weak in an overextended market. I have observed counts of 10 and even 12 which did not result in a major reversal and the market trended further after a short period of time. This is still a major sign of caution and should not be taken lightly.
Moving average
Although Granville talks only briefly about averages and the only mention of a specific one is the 10MA, I found moving averages to be a very valuable addition to my analysis of the OBV movements.
The indicator uses three Exponential Moving Averages. A long term one to determine the general direction and two short term ones to determine the momentum of the trend. Especially for the latter two, keep in mind that those are very indirect as they are indicators of an indicator anyway and I they should not necessarily be used as support or resistance (although that might sometimes be helpful). I recommend paying most attention to the longterm average as I've found it to be very accurate when determining the longterm trend of a market (even better than the same indicator on the price).
If the OBV is above the long term average, the space between OBV and average is filled green and filled red if below. The colors and defaults for the averages are:
long term, 144EMA, green
short term 1, 21EMA, blue
short term 2, 55EMA, red
Divergences
This is a very rudimentary adaption of the standard TradingView "Divergence Indicator". I find it helpful to have these on the radar, but do not actively use them (as in having a strategy based on OBV/price divergence). This is something that I would eventually pick up in a later version of the indicator if there is any demand for it, or I find the time to look into strategies based on this.
Comparison line
A small but very helpful addition to the indicator is a horizontal line that traces the current OBV value in real time, which makes it very easy to compare the current value of the OBV to historic values (which is a study I can highly recommend).
Ichimoku Trend DirectionThis script will help you detect the current trend of market use Ichimoku trading system. We use the default parameters.
To reduce risk, ONLY trade follow the trend of high time frame!
Very simple to use:
- Green background when market Up trend
- Red background when market Down trend
Have a nice trade! :P
trendOne [Strategy]BITSTAMP:BTCUSD
trendOne
(strategy-tester)
It is not recommended to use this script for generating alerts. Use "trendOne Alerts" instead.
This script combines all our previous trend-based scripts (Bows, Autopilot, Trend Indicator, Price Deviation, etc) in only one script .
To calculate the trend we use:
Volume Weight
Average True Range
Bows calculations
Trends smoothed with alma() function.
For more accuracy on the signals and to filter unwanted signals we layered slower time-frames in the background and added breaking support & resistance rules.
Inputs
Sensitivity
Integer input. Sets the sensitivity for signals generated up and down. Higher values will generate less signals on chart, and vice-versa.
Enjoy!
Disclaimer:
Back-tests do not guarantee performance on the future. Even if a trading setup is profitable in historical data, it could be unprofitable in the future.
To get access to this and other scripts check links below.
trendOne [Alerts]BITSTAMP:BTCUSD
trendOne
(alerts)
This script combines all our previous trend-based scripts (Bows, Autopilot, Trend Indicator, Price Deviation, etc) in only one script .
To calculate the trend we use:
Volume Weight
Average True Range
Bows calculations
Trends smoothed with alma() function.
For more accuracy on the signals and to filter unwanted signals we layered slower time-frames in the background and added breaking support & resistance rules.
Inputs
Sensitivity
Integer input. Sets the sensitivity for signals generated up and down. Higher values will generate less signals on chart, and vice-versa.
Enjoy!
To get access to this and other scripts check links below.
HalfTrendA popular trend indicator based on ATR. Similar to the SuperTrend but uses a different trend's identification logic.
I am publishing a disclosed code without license. Remember that in the future you may see a lot of paid IO scripts called BuySellScalper, Trend Trader Karan, Trend Trader and etc (by other authors) which will be based on this script. I found the same script on Ebay for $10 with a free shipping. Beware, always check and follow one Russian wisdom: "Do not pay for something you can get for free".
POW EdgeHello fellow Trading View member,
Eventually our rebranded update with some extra features for our exclusive 'Edge' Strategy Script.
In this description I will run through;
The strategy itself, what is it?
What does it do?
How does it work?
How can it help you?
How good is it?
What is it.....
The Edge Strategy itself is based upon 5 indicators lining up in total confluence to enter a position in line with a trending move. Adding them together adds more confluence and probability to each individual trade outcome over the longer term. The individual strategies used are based on Trend strategies all used in combination.
The uniqueness to this is how they are combined. Indicators can work to a point individually of course, but combining them together and only trading when all are in a line was our concept, whilst reviewing how each individual indicator can be optimised to work with the others.
Also the motivation was to be the right side of the market in a trending move and capitalising on as much as that move as possible.
The first part is to ensure the candle close is above or below our moving average, we can then check the state and validity of each of the other 4 indicators. Once this confluence is in alignment a trade is valid for entry - this has to be valid at the same time - but not all valid on the same candle - they will come into alignment in different stages. But once they are, our trade is valid.
I will not reveal the other individual 3 indicators but the other is also an ADX function to add a threshold into the strategy to identify a trend - usually above 20/25. This has upsides and downsides as any user can visualise and see in the testing.
We also add to the script to look for a Buy then Sell, Sell then Buy - we found this had more profitable results overall and next phase was to review the money management; where and how we placed our SL and when and why we exited the trade.
Example - for a BUY trade to be valid, all 5 indictors must meet their own criteria before a BUY is printed on the chart. Absolutely no technical analysis is needed to trade this strategy and the data we have is based on using the strategy in isolation - how you wish to use this either independently or supporting your own trading is of course, up to you.
The SL and TP's are based on ATR Multipliers thus ensuring we are factoring in market volatility at that time. We also have a FT (Follow Trend) option, which is a worthy addition for capitalising on big trending moves.
This strategy will work on all markets and timeframes.
We understand and accept that all pairs and markets are different thus we have optimised certain pairs and timeframes with different parameters to provide increased returns, these are hard coded (H1 Timeframe) and also provided for your review.
Profitability is easily viewable in the ‘Strategy Tester’ - this is a great tool. This is where you can see historic / live data for the strategy.
Data like;
The Net Profit
Number of trades
Win Percentage
Every trade taken
Average Win
Average Loss
Maximal DD , etc.
We have individually optimised each pair to ensure this is the case and hard coded these parameters into the strategy. All you need to do is flick between the pairs - the strategy will then identify the pair you are on and change the parameters to suit in the background.
Whilst a trade is open, the strategy will convert all candles to the relevant colour - Green for an uptrend and Red for a downtrend (all customisable).
We find this is helpful for traders psychology - not getting 'spooked' by other candle colours, affecting your decision making.
When a new signal is valid, 'POW BUY' or 'POW SELL' will be displayed on the first candle open for entry. As well as this, you will also have the trade label print which will display the following;
- EP – Entry price
- SL – Stop loss
- TP – Take Profit
- Lot size
The trade information printed will also tell you the pip values of your stop loss and take profit based on how far away they are from the trade entry price.
The lot size printed is customisable and unique to your account- within the strategy settings you can simply input your account balance, currency and risk approach which includes a fixed risk amount, fixed lot size or a fixed percentage.
This removes the need for 3rd party apps or websites to quickly calculate your specific risk on your trade. Thus saving you time and making sure you aren't 'guessing' with your lot size.
No one likes losing more than they thought.
The progress and initial challenges....
To start, our first version simply showed the buy and sell arrows when a trade was valid. However, this caused subjectivity with where we would place our stop loss and how we would manage the exit of the trade once we were in it. So, we identified a solid strategy for this was incorporating the Average True Range (ATR) for SL and TP options.
I was especially keen to add the SL and exit management so I could obtain solid back testing data to support my thoughts that 'this works'. Every trader requires confidence and belief in their strategy, without it you simply won't succeed or be disciplined in your execution.
The other challenge we all face is calculating the lot sizes of our trades right? So, it was important that we incorporated a lot size calculator - its all about making it easy when a trade is valid to enter without trying to calculate this accurately.
Lastly, when pairs are stuck in a range - this can be a testing period of 'chop' for a trend strategy, so we also incorporated the ADX function to enable us to set a threshold level to identify when the instrument is more likely to be trending.
What does it do?
Ultimately, tells you when to buy and sell - where to place your SL and when to exit. Whilst also ensuring your risk management is on point, by displaying your trading lot size. Also providing you with live back tested data at your finger tips thank you to the strategy tester.
How does it work?
This will be visible on your trading view charts once you get access. And will work across all your devices, the trading view website or the app on your phone for example.
You can also use Trading View alerts, so you won't miss a trade and can go about your day as normal without watching the screen. This will work on the Free version of TV, however, in order to benefit from more alerts and templates it makes sense to upgrade to a higher package.
How can it help you?
This will help give you a mechanical approach to your trading. This means, less decision making on your part, with the instant benefit of seeing the data you have at your fingertips thanks to the 'Strategy Tester' TV Function.
It will save you time, you don't need to be in front of your screen or completing any subjective analysis.
Integrated lot size calculator can ensure you are always accurate with your risk - either in percentage or a fixed amount of risk - whichever you prefer.
Understand Probability - this is the key one for me. Losing runs happen in any trading strategy. The great benefit here, is you can see them. How long were the losing runs? How can I prepare and plan my risk management around them are all fundamental keys to managing your emotions and being detached from your trades. No one wants to feel stressed or anxious when trading.
Customisable exit strategies - A specific TP for a 1:1 RR or 1:10 RR for example can be adjusted and you can see instantly how this affects the profitability.
The exit strategy options are shown below;
TP 1/2/3
FT - Follow Trend (no stop loss and follow's from Buys to Sells, Sell to Buy, etc.
SL + FT - SL present, but trade is held until a reverse signal is presented.
How good is it?
We have some really positive back testing data across a range of pairs and markets - equities and indices too.
Drop me a DM to see these and I'll be happy to share.
Below let me show you a screen shot of how this can work for you.
How do you access this?
Please visit our website for signup / purchase information in the first instance (the link is on our trading view signature) or send us a private message on here - its impossible to keep track of comments on our posts so to ensure we don't miss you, a private DM will be great please.
The Back test shown on this example is based on the Trading View mid price and also a realistic starting Capital of £10,000. This test result is also based on a 0.1% risk per trade, with a 5 tick spread and a commission of
Regards
Darren
Disclaimer alert.
Please remember past performance is exactly that - how our strategy performed over those dates tested, it is not obviously a guarantee of future performance. Most of our H1 data is valid from Jan 2017 to now - so 4+ years and data on 650+ trades per pair.
TradiKator 01 MATradiKator 01 MA is the a visual indicator that plots market capitalized cost following moving average (SMA and EMA) , based on LEI & LoneCapital defined metrology method and includes the TradiKator creative idea to help visualize the Price action in relation to the market capitalized cost.
Q&A
Q1.Why Moving Average ?
As LEI & LoneCapital explained moving average is indicating market capitalized cost moving.
If you are a trend following trader, you should participate in upside while sidestepping downside.
You need a indicator that help you to make money while prices are rising, then exit when they are falling.
A classical approach is the moving average strategy.
Nevertheless as efficient-market hypothesis (EMH) states that asset prices will reflect all available information.
The smart trader should focus on price moving i.s.o. reading all available information which is not practical.
Q2.What is Moving Average ?
As the name implies, the moving average is an average of a price's movement over time.
The simple moving average (SMA) is a just simple average over time.
The exponential moving average (EMA) on the other hand gives greater weight to more recent price action.
Q2.What are the Period Moving Average based on ?
The default Moving Average Period setting are based on LEI & LoneCapital defined Short term 20 (days in month), Mid term 60 (days in quarter), Long term 120 (days in half year).
We use 3 colors to represent these 3 periods. Black as Short term , Red as Mid term , Blue as Long term
You will see same color scheme in our indicators.
Of cause you can change the default setting to switch to your favorite Moving Average Period. How to do it is listed in setting.
Function and Setting
1.MA period setting
"Adjust All MA Period" --> Users can increase or decrease all 3 period in the same time. For example, input "-1" , you will have 3 periods as "19","59","119"
"Fix the M_MA=3*S_MA,L_MA = 6*S_MA (overwrite below 2 settings)" --> It will fix the Mid period as 3 times of short, Long period as 6 times of short. Meanwhile the separated setting for Mid and long will be ignored.
"3 period separated settings" --> Please disable the "fix ..." setting for individual 3 periods
"Source" --> Allow user switch used source from "close" to any other data source like"hl2","hlc3" and etc.
2.Deduction price Setting
"Show deduction price label (Pls disable the angle)" --> Will show 3 deduction price. Please disable the "Show Angle ..." before enable this switch.
"Arrow on Slope (Deduction vs Today Which is higher)" --> Will show 3 arrows aim to the higher price between Deduction and Today.
Also the dashed slope line will change to solid line. It helps when Deduction is very close to Today
3.Angle for slope line ---> Killer feature
"Show Angle ..." --> As LEI & LoneCapital explained current trend can be described as "o'clock direction wise" .
By measuring current trend's "angle" we can has a fuzzy image about current trend.
Note: In fact there is real 12 o'clock or 90 degree, therefore we define our "90 degree" and all called value of "angle" is based on our defined metric.
Also everyone has different opinion about the start point of current trend.
We choose the 3 MA periods as the start point to measure the angles.
There are 3 mod prepared for the angle measure metrology.
Abs % --> "90 deg" = increase 100% in 20 days. It is the most robust mod.
1Y rel % --> "90 deg" = increase 50% of 1Y Absolute price range in 20 days. It can't be used in case of minus price.(like CL future in 2020 Mar)
1Y rel log --> "90 deg" = increase 50% of 1Y log scaled price range in 20 days. Also it can't be used in case of minus price.
4.Deduction price trail and Background color
"Show Deduction price trail" --> Enable it to show the 3 Deduction prices' trail.
"Show trail in the coming days" --> Enable : the prices' trail is showed in the coming days. Disable : the prices' trail is showed on the MA period historical days.
"MA long term Trend Background Color" --> Similar to the "fill EMA with color", fill the Background with color which represent the EMA trend.
5.High volume and Show gap
"High volume label" --> Highlight the high volume with label.
We define the volume which is higher than percentile value of 3 MA historical volume statistical metrics.
So the black label means this volume is higher than 97 percentile value of 20 days' volume. Red 60 days and Blue 120 days.
The percentile can be set by user. Also the MA period can be adjusted by user.
"Show gap" --> Highlight the gap between close and next day open.
Note: We don't measure whether the gap is closed or not.
6.Forecast SMA ---> Killer feature
As you noticed the dashed line after today, it is our killer feature: forecast SMA.
Green Dashed line: The close price according to the assumption user input.
3 colors' Dashed lines: The SMA based on the Green Dashed line's close price.
"Days to plot forecast SMA (Max=14, SwitchOff=0)" --> Please decide how many days' SMA user would like to forecast.
"Mod1 Assumed chg ratio ‰ in the every days (10=1%)" --> Mod1: User should give the change rate in the coming every days. For example, user's assumption is that price will increase 10% everyday.
"Mod2 Assumed chg % in the ?th day (1=1%)(Pls set Mod1 to 0)" --> Mod2: User should give the change rate in the future ?th days. For example, user's assumption is that price will increase 30% in the 3rd day.
"Mod2 Need ? day to reach the chg % (tomorrow = 1 day)" --> Mod2: User should give the future ?th days.
note: While using Mod2, user has to disable Mod1 by set Mod1 to 0 (default setting)
TradiKator is Traders' indicator.
Please visit TraiKator for more free script.
We also support Chinese.
TB_Harmonic_Pro_TrendThis indicator is NOT meant to be used as a standalone trading system.
It has been designed to produce signals for potential up or down moves in the market subject to certain critreria being met.
The indicator measures several independent concepts that line up and when congruent produces a signal.
The concepts used are based on the Awesome Oscillator, the Directional Movement Index, Stochastic and the McGinley moving average.
An UP signal is produced when trend has potentially changed to up.
The McGinley MA provides the inital trigger which is followed by supporting oscillators which must move to the upside also indicating a possible change in trend. When the oscillators and MA conditions are met and are 'Congruent' an UP signal is produced to dispaly a potential change in trend for the interim period.
A secondary UP signal is also produced after the initial UP signal. This is as a result of a trend being detected (after the first entry) and the cross of secondary MA with different inputs. This usually occurs after a retarcement and potential continuation of trend. All components must line up to support the idea that trend has changed for the interim.
The combination of several positive trend indicators and confirmation of price assists in the trend change confirmation.
An alert system has been added for convenience.
The opposite occurs for a Down Signal.
The indicator is often useful after a significant swing HIGH/LOW when price is potentially changing direction. The overall concept is to be able to set alerts for such potetnial entries after you have completed your own market analysis. A particularly good reference point is after the 'D' point has formed on a Harmonic Scan (your Own anaysis) and awaiting an entry zone for a change in trend and as price moves away.
This can also be used with significan support and resistence levels and pull-backs in trend direction. Pitchforks applied to Harmonic scans provide numerous potential entry points for this type of indicator which often constitutes a good scalping strategy. Heiken ashi candles can also be used for additonal trend confirmation 'BUT' entry decisions 'SHOULD NOT' be made based on those candles
It works across all time frames.
If you would like to enquire about access to this invite only script please send me a private message on trading view and I will be happy to assist. Thank you.
EMA CrossoversUseful for identifying and receiving alerts about uptrends and downtrends.
This script uses two Exponential Moving Averages (EMAs) to find price uptrends and downtrends. An Exponential Moving Average (EMA) is a type of moving average that places a greater weight and significance on the most recent data points. The script produces uptrend and downtrend signals based on crossovers and divergences between the two EMAs, the user will be able to spot a trend change (when the EMAs crossover) and to determine the strength of the current trend (when the EMAs diverge). It is also posible to get alerts for uptrends and downtrends on the web and mobile app with sound and pop-ups as well as via email. The optimal time to enter and exit the market can be concluded from this trend changes.
The user can set their own EMAs, by default they are set to 21 and 55 periods for medium and long term respectively. When the medium term EMA crosses below the long term EMA the asset is in a downtrend and the price will decline, and when the medium term EMA crosses above the long term EMA the asset is in an uptrend and price will increase.
This scripts plots the following indicators and signals on the chart to help the user to identify trends:
1.- Medium and long term EMAs as lines overlaid on the price chart.
2.- Up green triangles above bars when the price is on an uptrend and down red triangles below bars when the price is on a downtrend.
3.- Arrows with text to indicate the start of an uptrend or downtrend.
The user can enable and disable the indicators and signals as well as set colors and shapes to their liking.
This script also lets the user create alerts for uptrends and downtrends. To create a new alert using this script follow this instructions:
1.- Once you added this script to your chart, go to the alerts panel (right on web or bottom tool bar on the mobile app) and add a new alert (alarm clock icon with a plus sign).
2.- A modal window will open. On the “Condition” dropdown menu select “EMA Crossovers”.
3.- On the next dropdown menu (right below the “Condition” one) you can select from two types of alerts “Uptrend started” and “Downtrend started”.
4.- Lastly you can set all the normal alert options and create the alert.
SmoothOps v1 - StudyThe purpose of this script was to fine tune an indicator on BTCUSDT . I think the results speak for themselves in the study version.
This is a script that uses the MACD to predict future price movement. The original MACD signal lags too much for my taste so I went searching for something that could give signals sooner. I decided a smooth macd would help filter out noise and grabbing the highest values and lowest values over the past number of bars. I spent several days backtesting different settings and combinations of signals to arrive at what you see now. This strategy has been fine tuned for BTC /USDT on Binance, so I suggest you only use it for that. Any other coin/pair and exchange will need a new backtest since the data will be different. This is not a generalized indicator like everything else. It's specifically good at one thing: prediction BTCUSDT on Binance.
I wanted to also add the histogram from the study version but there wasn't a good way to do that, so I came up with a visual solution using color transitions on the 168sma. When the color changes from blue to red it means the histogram is reversing.
I added forecasting to the moving averages to help people predict future movement so they can make decisions by something other than just a sign of when to buy/sell.
There is a transition prediction feature that blurs the macd signal to show when a reversal may occur before it happens.
I also added precitions into the indicator that show when there may be a possible bounce or major move because of a current squeeze in the moving averages.
And finally...
My biggest issue with indicators that other people sell is that they become visually deceptive when using supports and buy/sell signs. I came up with a solution that shows you exactly if you made profits during the trade or not. Hopefully this will inspire others to do something similar.
How to use:
Use only on BTCUSDT Binance.
Set the preset to the timeframe you want. I HIGHLY suggest only using the 1h timeframe. It gives the best profit over time.
Set the preset to custom if you want to try using your own settings.
You can change the source input if you want. ohlc4 usually works best for 1h.
Adjust the moving averages to your liking. You can also toggle the checkbox to completely remove them.
Turn on/off the forecasting of the moving averages.
Turn on/off the additional signals with the checkbox.
Transition prediction uses a blur variable to signal when the macd might be slowing down and reversing.
Bounce prediction and sensitivity tries to find possible reversal areas when price falls too fast or hits a specific moving average.
Macro signals just tries to show when price is above the 168moving average to get the macro trend.
Squeeze prediction indicates when a possible strong move may occur. Could go up or down though.
Show profit is my favorite part because it shows if you made profit during the last trade visually and non deceptively.
MoneyMoves Strategy V1 The MoneyMoves Strategy V1 is one piece of the it is Hekin Ashi turned into a smooth Moving average for better visual of price trend.
By taking the average of the open, close, high and low of price this indicator will help with seeing short and long term price trend on any timeframe of your liking.
With added buy and sell alarms you can set so you don't miss a trade, also make for a good exit alarm if already in a trade.
In the settings you can change the type of moving average you want to use between sma, ema, wma, hma, vwma, and rma at different sources for your liking. (open/close/high/low)
You can also change the Length of the MA to better fit your liking both open and close prices to make it more precise
When you get A Buy Signal and the Moving Average IS Green= Buy
When you get A Sell Signal and the Moving Average IS Red =Sell
You can also change the colors of the Moving average in the settings tab
Use link below or PM us for access you this indicator. Happy Trading
