FibBand, Perfect Trendline Trader and Target SystemSo, Dear Friends, I am open-sourcing one of my scripts which I created as a thesis project,
The Auto Trader System is a Scalping Tool , to be used mostly in intraday Setups!!
and is designed using,
1. Fibonacci Bands
Fibo Bands are Calculated by defining dynamic Fibonacci Pivots Lines over a history of Lookup values (Default is 89 periods lookback),
The bands help in identifying the Target Points for the setup
2. Perfect TrendLine Setup
The script uses PTS, as a filter to define the optimum entry and exit points
Which timeframe it works for ?
Works for Any Time Frame, but Intraday setups are good!
Who is this System for ?
Beginner and Intermediate Traders
Provision For Alerts
The Script has provision for both long and short alerts!!
Enjoy!
Auto
TrendLine ChannelsAbstract
This script provides a set of Trendline Channels which can be tighter than Donchian Channels.
This script computes the most suitable active upper and lower trendlines and updates them as soon as possible.
We can use it for breakout signals earlier than Donchian Channels.
Introduction
Channels are tools which can mark area of values of ranging markets.
Once the price leaves the original region, range traders may start admitting they are wrong and trigger trend.
Donchian Channels (misheard as Dungeon Channels) use the highest and the lowest price to define area of values.
When the price breakouts, it just like it got released from a dungeon.
However, waiting for the price making even higher or lower may be too late and risk reward ratio may be lower.
Trendlines can make the channels tighter and we can find earlier breakout signals.
Computing Trendline Channels
(1) Find the most active trendlines
In this script, a valid trendline connects two high values or two low values.
A high value means the highest value in a trading day.
A low value means the lowest value in a trading day.
In this script, every trendline does not crossover any bar but can exactly touch them.
The most flat trendline is taken. (one for upper and one for lower)
(2) Continue to use or Change a trendline
If there is a tighter trendline available, this script changes to use it.
If the previous active trendline is broken, this script re-computes the trendline available.
When this case happens, this script display with an another color.
Otherwise, this script continues using the previous trendline.
(3) Middle line
The middle line indicates the middle value between the upper and the lower.
Parameters
Length : how many days are used for computation. The default value is 16 just because 16=4*4, using binary characteristic.
x_go_on : If the previous trendline is not breakout and there are no tighter trendlines available, we continue use it.
Color Options
(1) Upper trendline (no update or tighter)
(2) Upper trendline (changed due to breakout)
(3) Middle line
(4) Lower trendline (no update or tighter)
(5) Lower trendline (changed due to breakout)
Conclusion
Trendline Channels can be tighter than Donchian Channels and evaluate earlier breakout signals.
Comparing to known auto trendline scripts, Trendline Channels is continuous.
Once a trendline is broken, Trendline Channels can instantly point out the next available one.
If you think the price movement is boring or you cannot have good risk reward ratio, you can go to an another timeframe.
Reference
How to trade with Donchian Channels
How to trade with Trendlines
Auto Fib Retracement (Price Format)This is a modded version of TV builtin "Auto Fib Retracement". This version has the option to format price label. Sometimes when you analyzing e.g. altcoin charts against BTC. They can have more then 2 decimal points and the old version displays 0 when that happens. I also optimized it a little so it should be faster now
Auto Analysis Short-term Reversals ExplorationAuto Analysis Short-term Reversals Exploration
Based on a study by Larry Lovrencic
Closing Price Reversals Automatic Analysis
Hook Reversals Automatic Analysis
Island Reversals Automatic Analysis
Key Reversals Automatic Analysis
Open/Close Reversals Automatic Analysis
Pivot Point Reversals Automatic Analysis
Trend StepJust a modification of my old auto-line script, lot of errors fixed and a correction in the standard deviation. Also changed the tittle because "auto-line" was really confusing.
Efficient Auto LineMore Efficiency
Based on the Auto-Line code, the Efficient Auto Line aim to provide a more controlled adaptivity of the indicator. The first indicator of this sort worked this way : when the absolute difference between the price and the indicator is higher than the previous indicator +/- A pips of amplitude, the indicator will display the closing price, else its anterior value. The second indicator (Auto-Line) was adaptive and used the standard deviation instead of a constant A . This indicator will run both methodology providing both a trend strength indicator (Efficiency Ratio) parameter and two constant parameter.
Parameters
The length parameter will control the period of the efficiency ratio, a high period return lower values of the efficiency ratio. Since its an indicator in a range of (0,1) we use it to make our indicator more adaptive in trending market, this is when we need our two constant parameters, the fast/slow parameter can be any amount of pips where fast < slow , when the price is trending (efficiency ratio close to 1) the indicator will use the fast parameter, if its ranging (efficiency ratio away from 1) the indicator will use the slow parameter, then it will work like the first methodology previously explained. So the fast parameter should be equal to a small movement of pips (0.0001 or 1 pip) and the slow parameter should be equal to a number of pips you wont expect to see in a ranging market. At this point it is good to test for both parameter and see which values work better (a more automatic process is in development) .
Hope you like it !
Auto Pivot PointsThis indicator plots a Pivot Point and 3 Support and Resistance lines that automatically adapt to the Timeframe
These can also be plotted against a Custom Timeframe
Auto-Line With DriftA variation on the Auto-Line indicator, we allow it to get closer to the price thanks to a drift , this also allow the line to be more directional .
This indicator can be used with moving averages using crosses as signals or as a band indicator by ploting a + dev as the upper band and a - dev as the lower one.
For any help or suggestions feel free to send a message :)
Missile RSI (RSI of momentum w/ Dominant Cycle length + Fisher)This is a predictive indicator that looks for explosions in momentum of the cycles in price and large shifts in Momentum (Fisher turns the Bimodal PDF into Guassian like) as statistically unlikely events, showing points to exit or reverse positions.
You can adjust the lowpass frequency cuttoff (Aka what cycles you want to remove from the calculations through the super smoother filter).
To be honest you can monkey trade the direction of the Signal if you'd like but the Divergences and Maxing of the values is whats most useful.
Let me know if you guys want me to add anything else.
AutoView - Hodl to SodlWrite your own strategy and use Hodl to Sodl to send Alerts for when to buy & sell, and automatically plot your anticipated buys/sells to the chart. A must have for AutoView users. Requires Pine Script coding. Not compatible with "Strategy Tester" tab and "Paper Trading" tab in TradingView.
Hodl-Sodl itself is not a strategy. It is a framework for building AutoView strategies. For demonstration purposes, the image featured with this script shows an example of a very simple CCI strategy (and not a very good one), but you would presumably replace that with your own ideas. If you'd like a little help plugging in your own strategy, contact jdhadwin for custom coding.
Fibonacci Auto ModeThis script is an attempt to display Fibonacci Levels in Auto Mode.
It allows for:
Select Higher Time Frame (HTF)
Indicate How Many Bars from HTF to Use to Find Highs/Lows
Manual Mode: Overrides HTF selections
Number of Bars Back to use in Manual Mode
Show/Hide each one of the Levels
Highlight RLZ
Auto-FilterA least squares filter using the Auto line as source, practical for noise removal without higher phase shift.
Its possible to create another parameter for the auto-line length, just add a parameter Period or whatever you want.
r = round(close/round)*round
dev = stdev(close,Period)
Hope you enjoy :)
Automatic Daily Fibonacci v0.3 by JustUncleLThis update is a correction on the way the Fib Zero line is calculated. Previously it was just based on the source of the previous day, which is Ok as long as the Fiblength was set to 2. The new version calculates the Fib Zero from the average of the specified source over the Fiblength, so if Fiblength is now something other than 2 the Fibonacci Zero and other support and resistant levels should calculate correctly.
AutoFib channel by-StocksightCreates a channel off of desired periods' high and low and plots Fib levels. Automatically updates itself after every candle. Easily helps find the next entry point on any time frame.
Simple Horizontal Value and Offsets [Auto Shift]Original (Simple Horizontal Value and Offsets/SHV) Requested by @TAFA94
Description:
Simple adjustable incremented horizontal offset lines extending up and down from a Median point.
Set full value for manual Median point control, or set an incremental rounding value for auto Median adjustment.
Source and look-back period inputs for fine tuning auto adjust.
Auto adjust on by default - can be toggled off for straight manual control.
**NOTE**
All values will likely need to be changed immediately on applying this script, in order to properly fit your charts specific price/value range and/or time resolution.
Cheers!
Ichimoku Cloud ALERTHi, this my new script which show you correct Ichimoku signals, when price exit cloud.
SELL SIGNAL:
- red line below blue
- green line below price
- price exit cloud bottom
- price below 3 EMA's!
BUY SIGNAL:
- red line above blue
- green line above price
- price exit cloud upper
- price above 3 EMA's!
You can change ichimoku parameters and input 3 EMA's. If u dont want use any of the EMA's then input 1 into them.
