PercentX Trend Follower [Trendoscope]"Trendoscope" was born from our trading journey, where we first delved into the world of trend-following methods. Over time, we discovered the captivating allure of pattern analysis and the exciting challenges it presented, drawing us into exploring new horizons. However, our dedication to trend-following methodologies remains steadfast and continues to be an integral part of our core philosophy.
Here we are, introducing another effective trend-following methodology, employing straightforward yet powerful techniques.
🎲 Concepts
Introducing the innovative PercentX Oscillator , a representation of Bollinger PercentB and Keltner Percent K. This powerful tool offers users the flexibility to customize their PercentK oscillator, including options for the type of moving average and length.
The Oscillator Range is derived dynamically, utilizing two lengths - inner and outer. The inner length initiates the calculation of the oscillator's highest and lowest range, while the outer length is used for further calculations, involving either a moving average or the opposite side of the highest/lowest range, to obtain the oscillator ranges.
Next, the Oscillator Boundaries are derived by applying another round of high/low or moving average calculations on the oscillator range values.
Breakouts occur when the close price crosses above the upper boundary or below the lower boundary, signaling potential trading opportunities.
🎲 How to trade a breakout?
To reduce false signals, we employ a simple yet effective approach. Instead of executing market trades, we use stop orders on both sides at a certain distance from the current close price.
In case of an upper side breakout, a long stop order is placed at 1XATR above the close, and a short stop order is placed at 2XATR below the close. Conversely, for a lower side breakout, a short stop order is placed at 1XATR below the close, and a long stop order is placed at 2XATR above the ATR. As a trend following method, our first inclination is to trade on the side of breakout and not to find the reversals. Hence, higher multiplier is used for the direction opposite to the breakout.
The script provides users with the option to specify ATR multipliers for both sides.
Once a trade is initiated, the opposite side of the trade is converted into a stop-loss order. In the event of a breakout, the script will either place new long and short stop orders (if no existing trade is present) or update the stop-loss orders if a trade is currently running.
As a trend-following strategy, this script does not rely on specific targets or target levels. The objective is to run the trade as long as possible to generate profits. The trade is only stopped when the stop-loss is triggered, which is updated with every breakout to secure potential gains and minimize risks.
🎲 Default trade parameters
Script uses 10% equity per trade and up to 4 pyramid orders. Hence, the maximum invested amount at a time is 40% of the equity. Due to this, the comparison between buy and hold does not show a clear picture for the trade.
Feel free to explore and optimize the parameters further for your favorite symbols.
🎲 Visual representation
The blue line represents the PercentX Oscillator, orange and lime colored lines represent oscillator ranges. And red/green lines represent oscillator boundaries. Oscillator spikes upon breakout are highlighted with color fills.
Dải Bollinger (BB)
Quantitative Trend Strategy- Uptrend longTrend Strategy #1
Indicators:
1. SMA
2. Pivot high/low functions derived from SMA
3. Step lines to plot support and resistance based on the pivot points
4. If the close is over the resistance line, green arrows plot above, and vice versa for red arrows below support.
Strategy:
1. Long Only
2. Mutable 2% TP/1.5% SL
3. 0.01% commission
4. When the close is greater than the pivot point of the sma pivot high, and the close is greater than the resistance step line, a long position is opened.
*At times, the 2% take profit may not trigger IF; the conditions for reentry are met at the time of candle closure + no exit conditions have been triggered.
5. If the position is in the green and the support step line crosses over the resistance step line, positions are exited.
How to use it and what makes it unique:
Use this strategy to trade an up-trending market using a simple moving average to determine the trend. This strategy is meant to capture a good risk/reward in a bullish market while staying active in an appropriate fashion. This strategy is unique due to it's inclusion of the step line function with statistics derived from myself.
This description tells the indicators combined to create a new strategy, with commissions and take profit/stop loss conditions included, and the process of strategy execution with a description on how to use it. If you have any questions feel free to PM me and boost if you enjoyed it. Thank you, pineUSERS!
Volatility Capture RSI-Bollinger - Strategy [presentTrading]- Introduction and how it is different
The 'Volatility Capture RSI-Bollinger - Strategy ' is a trading strategy that combines the concepts of Bollinger Bands (BB), Relative Strength Index (RSI), and Simple Moving Average (SMA) to generate trading signals. The uniqueness of this strategy is it calculates which is a dynamic level between the upper and lower Bollinger Bands based on the closing price. This unique feature allows the strategy to adapt to market volatility and price movements.
The market in Crypto and Stock are highly volatile, making them suitable for a strategy that uses Bollinger Bands. The RSI can help identify overbought or oversold conditions in this often speculative market.
BTCUSD 4hr chart
(700.hk) 3hr chart
Remember, the effectiveness of a trading strategy also depends on other factors such as the timeframe used, the specific settings of the indicators, and the overall market conditions. It's always recommended to backtest and paper trade a strategy before using it in live trading.
- Strategy, How it Works
Dynamic Bollinger Band: The strategy works by first calculating the upper and lower Bollinger Bands based on the user-defined length and multiplier. It then uses the Bollinger Bands and the closing price to dynamically adjust the presentBollingBand value. In the end, it generates a long signal when the price crosses over the present Bolling Band and a short signal when the price crosses under the present Bolling Band.
RSI: If the user has chosen to use RSI for signals, the strategy also calculates the RSI and its SMA, and uses these to generate additional long and short signals. The RSI-based signals are only used if the 'Use RSI for signals' option is set to true.
The strategy then checks the chosen trading direction and enters a long or short position accordingly. If the trading direction is set to 'Both', the strategy can enter both long and short positions.
Finally, the strategy exits a position when the close price crosses under the present Bolling Band for a long position, or crosses over the present Bolling Band for a short position.
- Trade direction
The strategy also includes a trade direction parameter, allowing the user to choose whether to enter long trades, short trades, or both. This makes the strategy adaptable to different market conditions and trading styles.
- Usage
1. Set the input parameters as per your trading preferences. You can choose the price source, the length of the moving average, the multiplier for the ATR, whether to use RSI for signals, the RSI and SMA periods, the bought and sold range levels, and the trading direction.
2. The strategy will then generate buy and sell signals based on these parameters. You can use these signals to enter and exit trades.
- Default settings
1. Source: hlc3
2. Length: 50
3. Multiplier: 2.7183
4. Use RSI for signals: True
5. RSI Period: 10
6. SMA Period: 5
7. Bought Range Level: 55
8. Sold Range Level: 50
9. Trade Direction: Both
- Strategy's default Properties
1. Default Quantity Type: 'strategy.percent_of_equity'
2. commission_value= 0.1, commission_type=strategy.commission.percent, slippage= 1: These parameters set the commission and slippage for the strategy. The commission is set to 0.1% of the trade value, and the slippage (the difference between the expected price of a trade and the price at which the trade is executed) is set to 1.
3. default_qty_type = strategy.percent_of_equity, default_qty_value = 15: These parameters set the default quantity for trades. The default_qty_type is set to strategy.percent_of_equity, which means that the size of each trade will be a percentage of the account equity. The default_qty_value is set to 15, which means that each trade will be 15% of the account equity.
4. initial_capital= 10000: This parameter sets the initial capital for the strategy to $10,000.
Bollinger Bands Modified (Stormer)This strategy is based and shown by trader and investor Alexandre Wolwacz "Stormer".
Overview
The strategy uses two indicators Bollinger Bands and EMA (optional for EMA).
Calculates Bollinger Bands, EMA, highest high, and lowest low values based on the input parameters, evaluating the conditions to determine potential long and short entry signals.
The conditions include checks for crossovers and crossunders of the price with the upper and lower Bollinger Bands, as well as the position of the price relative to the EMA.
The script also incorporates the option to add an inside bar pattern check for additional information.
Entry Position
Long Position:
Price cross over the superior band of bollinger bands.
The EMA is used to add support for trend analysis, it is an optional input, when used, it checks if price is above EMA.
Short Position:
Price cross under the inferior band of bollinger bands.
The EMA is used to add support for trend analysis, it is an optional input, when used, it checks if price is under EMA.
Risk Management
Stop Loss:
The stop loss is calculated based on the input highest high (for short position) and lowest low (for long position).
It gets the length based on the input from the last candles to set which is the highest high and which is the lowest low.
Take Profit:
According to the author, the profit target should be at least 1:1.6 the risk, so to have the strategy mathematically positive.
The profit target is configured input, can be increased or decreased.
It calculates the take profit based on the price of the stop loss with the profit target input.
Simple Bollinger Bands Strategy [JoseMetal]============
ENGLISH
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- Description:
This is a simple strategy based on Bollinger Bands found in "journeymaninvestor.com" by "nealosis" in 15 feb 2021, original strategy and credits to him.
The original strategy:
- Bollinger Bands, 20 length simple moving average and 2 standard deviations.
- Buy when the closing price crosses the lower band up.
- Exit trade when the closing price touches the upper band.
This strategy worked on mayor indices such as SP500 before the current economic crisis, because those indices just retrace to continue up and up. That's why after testing it on the current data and other markets the strategy is NO longer viable and I made some optimizations to it.
The modified strategy:
- Now you can LONG and SHORT, not only LONG, but depending on the asset (mainly bullish like BTC or Indices) is better to just BUY.
- You can customize BB length and deviation, a deviation of 1.5 triggers more trades and is usually better.
- Averaging added, by default you can have up to 7 positions at 1% capital each, but all is customizable.
Other extra stuff:
- Able to pick a date range.
- Able to pick % of capital used on each trade.
- Able to close trades ON PROFIT ONLY.
- Able to increase position ONLY if the price is a certain percentage better than your average.
- Able to pick a leverage.
- Visual:
Bollinger Bands are shown.
On LONG entries you get a green background color, red for SHORTs, olive to close LONG and orange to close SHORT.
Position entries/exists with contract size are shown by TradingView by default as usual.
- Customization:
Everything is customizable, from date range to BB colors.
- Usage and recommendations:
Works better on bigger timeframes, daily is the best.
Enjoy!
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INGLÉS
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- Descripción:
Esta es una simple estrategia basada en las Bandas de Bollinger encontrada en "journeymaninvestor.com" por "nealosis" en el 15 de febrero de 2021, estrategia original y créditos a él.
La estrategia original:
- Bandas de Bollinger, media móvil simple de 20 y 2 desviaciones estándar.
- Comprar cuando el precio de cierre cruza la banda inferior hacia arriba.
- Salir de la posición cuando el precio de cierre toca la banda superior.
Esta estrategia funcionaba en índices mayores como el SP500 antes de la crisis económica actual, porque esos índices sólo retroceden para seguir subiendo y subiendo. Por eso después de probarla con los datos actuales y otros mercados la estrategia ya NO es viable y le hice algunas optimizaciones.
La estrategia modificada:
- Ahora puedes operar LONG y SHORT, no solo LONG, pero dependiendo del activo (principalmente alcistas como BTC o Índices) es mejor solo COMPRAR.
- Se puede personalizar la longitud de BB y la desviación, una desviación de 1,5 desencadena más operaciones y suele ser mejor.
- Promedio añadido, por defecto puedes tener hasta 7 posiciones al 1% de capital cada una, pero todo es personalizable.
Otras cosas extra:
- Posibilidad de elegir un rango de fechas.
- Posibilidad de elegir el % de capital utilizado en cada operación.
- Posibilidad de cerrar operaciones SÓLO CON BENEFICIO.
- Posibilidad de aumentar la posición sólo si el precio es un cierto porcentaje mejor que su promedio.
- Posibilidad de elegir un apalancamiento.
- Visual:
Se muestran las Bandas de Bollinger.
En las entradas de LARGO se obtiene un color de fondo verde, rojo para CORTO, oliva para cerrar LARGO y naranja para cerrar CORTO.
Las entradas/existencias de posiciones con tamaño de contrato son mostradas por TradingView por defecto como es habitual.
- Personalización:
Todo es personalizable, desde el rango de fechas hasta los colores de BB.
- Uso y recomendaciones:
Funciona mejor en marcos de tiempo más grandes, diario es el mejor.
¡Que lo disfrutes!
BBWAS StrategyA breakout in trading refers to a situation where the price of a security or asset moves beyond a defined level of support or resistance, which is typically indicated by technical analysis tools like Bollinger Bands . Bollinger Bands consist of three lines: the upper band, the lower band, and the middle band (or basis). The upper and lower bands are set at a specified number of standard deviations away from the middle band, and they help to define the range within which the price of an asset is expected to fluctuate.
When the price of the asset moves beyond the upper or lower band, it is said to have "broken out" of the range. If the price closes below the lower band, it is considered a bearish breakout, and if it closes above the upper band, it is considered a bullish breakout.
Once a breakout occurs, traders may look for a confirmation signal before entering a trade. In this case, crossing the middle line (or basis) after a breakout may signal a potential trend reversal and a good opportunity to enter a long or short trade, depending on the direction of the breakout.
Overall, this script provides a customizable and flexible system for traders to use Bollinger Bands to identify breakout trades, with additional features to incorporate volume and RSI divergence. The dynamic TPSL system also allows traders to manage their risk and reward by automatically setting take-profit and stop-loss levels based on the volatility of the market.
Dear traders, while we strive to provide you with the best trading tools and resources, we want to remind you to exercise caution and diligence in your investing decisions.
It is important to always do your own research and analysis before making any trades. Remember, the responsibility for your investments ultimately lies with you.
Happy trading!
Strategy Myth-Busting #7 - MACDBB+SSL+VSF - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our seventh one we are automating is the "Magic MACD Indicator: Crazy Accurate Scalping Trading Strategy ( 74% Win Rate )" strategy from "TradeIQ" who claims to have backtested this manually and achieved 427% profit with a 74% winrate over 100 trades in just a 4 months. I was unable to emulate these results consistently accommodating for slippage and commission but even so the results and especially the high win-rate and low markdown is pretty impressive and quite respectable.
This strategy uses a combination of 3 open-source public indicators:
AK MACD BB v 1.00 by Algokid
SSL Hybrid by Mihkel00
Volume Strength Finder by Saravanan_Ragavan
This is considered a trend following Strategy. AK MACD BB is being used as the primary short term trend direction indicator with an interesting approach of using Bollinger Bands to define an upper and lower range and upon the MACD going above the upper Bollinger Bands, it's indicative of an up trend, where as if the MACD is below the lower Bollinger Band, it's indicative of a down trend. To eliminate false signals, SSL Hyrbid is used as a trend confirmation filter, confirming and eliminating false signals from the MACD BB. It does this by validating the price action is above the the EMA and the SSL is positive that is a confirmation of an uptrend. When the price action is below the EMA and the SSL is negative, that is an confirmation of a downtrend. To avoid taking trades during ranged markets, VSF Buyer's Strength is used so the buyers/sellers strength and must be above 50% or the trade will not be inititiated.
Trading Rules
5 min candles but other lower time frames even below 5m work quite well too.
Best results can be found by tweaking these 2 input parameters:
Number Of bars to look back to ensure MACD isn't above/below Zero Line
Number Of bars back to look for SSL pullback
Long Entry when these conditions are true
AK MACD BB BB issues a new continuation long signal. A new green circle must appear on the indicator and these circles should not be touching across the zero level while they were previously red
SSL Hybrid price action closes above the EMA and the line is blue color and then creates a pullback . The pullback is confirmed when the color changes from blue to gray or from blue to red.
VSF Buyers strength above 50% at the time the MACD indicator issues a new long signal.
Short Entry when these conditions are true
AK MACD BB issues a new continuation short signal. A new red circle must appear on the indicator and these circles should not be touching across the zero level while they were previously green
SSL Hybrid price action closes below the EMA and the line is red color then it has to create a pullback . The pullback is confirmed when the color changes from red to gray or from red to blue.
VSF Sellers strength above 50% at the time the MACD indicator issues a new short signal.
Stop Loss at EMA Line with TP Target 1.5x the risk
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
BOLLY BandsThis is a strategy using Bollinger Bands. The strategy is predicated around having low volatility in price action and then looking to capture a move when price starts to trend outside of the Bollinger bands. This strategy has only been backtested for 1 month but it has promising results so I will be sharing it looking for feedback. I run this strategy on the ERUSD 1 min chart.
Channels Strategy [JoseMetal]============
ENGLISH
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- Description:
This strategy is based on Bollinger Bands / Keltner Channel price "rebounds" (the idea of price bouncing from one band to another).
The strategy has several customizable options, which allows you to refine the strategy for your asset and timeframe.
You can customize settings for ALL indicators, Bollinger Bands (period and standard deviation), Keltner Channel (period and ATR multiplier) and ATR (period).
- AVAILABLE INDICATORS:
You can pick Bollinger Bands or Keltner Channels for the strategy, the chosen indicator will be plotted as well.
- CUSTOM CONDITIONS TO ENTER A POSITION:
1. Price breaks the band (low below lower band for LONG or high above higher band for SHORT).
2. Same as 1 but THEN (next candle) price closes INSIDE the bands.
3. Price breaks the band AND CLOSES OUT of the band (lower band for LONG and higher band for SHORT).
4. Same as 3 but THEN (next candle) price closes INSIDE the bands.
- STOP LOSS OPTIONS:
1. Previous wick (low of previous candle if LONG and high or previous candle if SHORT).
2. Extended band, you can customize settings for a second indicator with larger values to use it as STOP LOSS, for example, Bollinger Bands with 2 standard deviations to open positions and 3 for STOP LOSS.
3. ATR: you can pick average true ratio from a source (like closing price) with a multiplier to calculate STOP LOSS.
- TAKE PROFIT OPTIONS:
1. Opposite band (top band for LONGs, bottom band for SHORTs).
2. Moving average: Bollinger Bands simple moving average or Keltner Channel exponential moving average .
3. ATR: you can pick average true ratio from a source (like closing price) with a multiplier to calculate TAKE PROFIT.
- OTHER OPTIONS:
You can pick to trade only LONGs, only SHORTs, both or none (just indicator).
You can enable DYNAMIC TAKE PROFIT, which updates TAKE PROFIT on each candle, for example, if you pick "opposite band" as TAKE PROFIT, it'll update the TAKE PROFIT based on that, on every single new candle.
- Visual:
Bands shown will depend on the chosen indicator and it's settings.
ATR is only printed if used as STOP LOSS and/or TAKE PROFIT.
- Recommendations:
Recommended on DAILY timeframe , it works better with Keltner Channels rather than Bollinger Bands .
- Customization:
As you can see, almost everything is customizable, for colors and plotting styles check the "Style" tab.
Enjoy!
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ESPAÑOL
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- Descripción:
Esta estrategia se basa en los "rebotes" de precios en las Bandas de Bollinger / Canal de Keltner (la idea de que el precio rebote de una banda a otra).
La estrategia tiene varias opciones personalizables, lo que le permite refinar la estrategia para su activo y temporalidad favoritas.
Puedes personalizar la configuración de TODOS los indicadores, Bandas de Bollinger (periodo y desviación estándar), Canal de Keltner (periodo y multiplicador ATR) y ATR (periodo).
- INDICADORES DISPONIBLES:
Puedes elegir las Bandas de Bollinger o los Canales de Keltner para la estrategia, el indicador elegido será mostrado en pantalla.
- CONDICIONES PERSONALIZADAS PARA ENTRAR EN UNA POSICIÓN:
1. El precio rompe la banda (mínimo por debajo de la banda inferior para LONG o máximo por encima de la banda superior para SHORT).
2. Lo mismo que en el punto 1 pero ADEMÁS (en la siguiente vela) el precio cierra DENTRO de las bandas.
3. El precio rompe la banda Y CIERRA FUERA de la banda (banda inferior para LONG y banda superior para SHORT).
4. Igual que el 3 pero ADEMÁS (siguiente vela) el precio cierra DENTRO de las bandas.
- OPCIONES DE STOP LOSS:
1. Mecha anterior (mínimo de la vela anterior si es LONGy máximo de la vela anterior si es SHORT).
2. Banda extendida, puedes personalizar la configuración de un segundo indicador con valores más extensos para utilizarlo como STOP LOSS, por ejemplo, Bandas de Bollinger con 2 desviaciones estándar para abrir posiciones y 3 para STOP LOSS.
3. ATR: puedes elegir el average true ratio de una fuente (como el precio de cierre) con un multiplicador para calcular el STOP LOSS.
- OPCIONES DE TAKE PROFIT:
1. Banda opuesta (banda superior para LONGs, banda inferior para SHORTs).
2. Media móvil: media móvil simple de las Bandas de Bollinger o media móvil exponencial del Canal de Keltner .
3. ATR: se puede escoger el average true ratio de una fuente (como el precio de cierre) con un multiplicador para calcular el TAKE PROFIT.
- OTRAS OPCIONES:
Puedes elegir operar sólo con LONGs, sólo con SHORTs, ambos o ninguno (sólo el indicador).
Puedes activar el TAKE PROFIT DINÁMICO, que actualiza el TAKE PROFIT en cada vela, por ejemplo, si eliges "banda opuesta" como TAKE PROFIT, actualizará el TAKE PROFIT basado en eso, en cada nueva vela.
- Visual:
Las bandas mostradas dependerán del indicador elegido y de su configuración.
El ATR sólo se muestra si se utiliza como STOP LOSS y/o TAKE PROFIT.
- Recomendaciones:
Recomendada para temporalidad de DIARIO, funciona mejor con los Canales de Keltner que con las Bandas de Bollinger .
- Personalización:
Como puedes ver, casi todo es personalizable, para los colores y estilos de dibujo comprueba la pestaña "Estilo".
¡Que lo disfrutes!
Trend #2 - BB+EMAWhat is the Trend #2 - BB+EMA?
This strategy uses a combination of Bollinger Bands and Exponential Moving Averages, and adds the position management skills.
When a position is established, if the price moves in the wrong direction, EMA will move the stop price closer to the opening price, which will reduce losses during the shocks.
If the price moves in the right direction, EMA will be close to the latest price to try to keep the profit.
Once a trend starts to emerge, the strategy is bound to capture the opportunity. I think this is a very smart way to do it.
This strategy performs well in almost all cryptocurrencies, it's mean the strategy has good generalizability.
TTP Kent Strat PROKent Strat PRO trades breakouts using Bollinger Bands together with SuperTrend.
PRO features:
- 3commas bot alerts for long/short bots
- Custom JSON bots alerts
Features:
- Risk/reward ratio parameter
- Longs, shorts and combined positions.
- Breakout settings
- Trailing SL, trailing TP
- Use of latest candles to place the SL using a lookback parameter (how many candles to look back for a low/high price)
- Select your SL between the ATR trendline and the latest candle: the closest or furthest away value
- Show the trendline
- Backtest mode for accurate backtests
- Signal mode for live price accurate signals
- Date range backtesting
Filters:
- EMA 200 filter and timeframe selector. This filter can be used to trade with the trend: open longs on an uptrend and shorts on a downtrend.
- ADX filter using threshold. This filter can be used to filter entries where the trend is not very strong.
- ADX pointing up. ADX values pointing up and above certain threshold can improve entries.
- Relative volume filter based on the volume being X% above the MA of the Volume. Trading with volume can help filtering out bad trades.
Example setup:
1) pick BINANCE:ETHUSDT chart, 15 min chart
2) trade longs + shorts
3) pick ratio 3
4) trailing SL checked
5) trailing TP unchecked
7) stop loss "furthest"
8) candle loopback 30
9) BB period 21, dev 1, ATR filter on, atr period 5
10) EMA filter on, 15 min
11) ADX off
12) Volume filter on set to 60%
TTP Kent StratKent Strat trades breakouts using Bollinger Bands together with SuperTrend.
Features:
- Risk/reward ratio parameter
- Longs, shorts and combined positions.
- Breakout settings
- Trailing SL, trailing TP
- Use of latest candles to place the SL using a lookback parameter (how many candles to look back for a low/high price)
- Select your SL between the ATR trendline and the latest candle: the closest or furthest away value
- Show the trendline
- Backtest mode for accurate backtests
- Signal mode for live price accurate signals
- Date range backtesting
Filters:
- EMA 200 filter and timeframe selector. This filter can be used to trade with the trend: open longs on an uptrend and shorts on a downtrend.
- ADX filter using threshold. This filter can be used to filter entries where the trend is not very strong.
- ADX pointing up. ADX values pointing up and above certain threshold can improve entries.
- Relative volume filter based on the volume being X% above the MA of the Volume. Trading with volume can help filtering out bad trades.
Example setup:
1) pick BINANCE:ETHUSDT chart, 15 min chart
2) trade longs + shorts
3) pick ratio 3
4) trailing SL checked
5) trailing TP unchecked
7) stop loss "furthest"
8) candle loopback 30
9) BB period 21, dev 1, ATR filter on, atr period 5
10) EMA filter on, 15 min
11) ADX off
12) Volume filter on set to 60%
Double Bollinger-Bands w/ Alerts for BacktestingFor Mr. Nick and anyone else who stumbles across this.
J2S Backtest: Steven Primo`s Big Trend StrategyIs it possible to benefit from big trend moves? In this study I present you a strategy that aims to capture big trend moves.
Created by trader Steven Primo, The Big Trend strategy is advocates and shared through his YouTube channel without restrictions.
Note:
This is not an investment recommendation. The purpose of this study is only to share knowledge with the community on TradingView.
What is the purpose of the strategy?
The strategy focuses on capturing the movement of trends, providing an entry signal for both LONG and SHORT positions.
To which time-frame of a chart is it applicable to?
According to the author, it is applicable to any chart in different markets.
What about risk management?
The author does not establish a risk management model for strategy. This is left to the definition of each trader.
How are the trends identified in this strategy?
A 20-periods Bollinger Bands with 0.382 deviation should be plotted on the chart. Prices above the upper band indicate an uptrend, on the other hand, prices below the lower band indicate an downtrend. Finally, prices between the two bands indicate sideways trend.
How to identify a signal for LONG entry?
The signal is given after five consecutive closes above the upper Bollinger band. After that, you must enter the trade after the first trade occurs above the high of the signal bar.
How to identify a signal for SHORT entry?
The signal is given after five consecutive closes below the lower Bollinger band. After that, you must enter the trade after the first trade occurs below the low of the signal bar.
Tips and tricks
In my backtest, I tried to prove the strategy from a position trading perspective, so I proposed use fixed stop-loss and take-profits. The stop-loss is defined as being low of the first bar that generated the movement until the signal bar. The value range from the stop-loss to the signal bar is used in determining the profit target. Given any trade, position closing will be triggered when the bar trading limit is reached.
Backtest features
Backtest parameters are fully customizable, for instance: number of bars inside a trend indicating trend maturity for entry, bar limit for trading entry (after a buy or sell signals). Also, the user chooses to validate only LONG or SHORT entries, or both. It is also possible to determine the specific time period for running the backtests.
Final message
In my tests, I noticed excellent results for other crypto pairs, for example: ETH/USDT, BNB/USDT, FIL/USDT, GALA/USDT and ILV/USDT. Of course, no one strategy works perfectly for every asset, crypto, and bond out there. That's why we should explore each trading model and carry out our backtests. Please, feel free to provide me with any improvement suggestions for the backtest script. Bear in mind, feel free to use the ideas in my script in your studies.
Bollinger Bands and RSI Short Selling (by Coinrule)The Bollinger Bands are among the most famous and widely used indicators. A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average ( SMA ) of a security's price, but which can be adjusted to user preferences. They can suggest when an asset is oversold or overbought in the short term, thus provide the best time for buying and selling it.
The relative strength index ( RSI ) is a momentum indicator used in technical analysis . RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.
The short order is placed on assets that present strong momentum when it's more likely that it is about to decrease further. The rule strategy places and closes the order when the following conditions are met:
ENTRY
The closing price is greater than the upper standard deviation of the Bollinger Bands
The RSI is less than 70
EXIT
The trade is closed in profit when the RSI is less than 70
Upper standard deviation of the Bollinger Band is greater than the the closing price.
This strategy comes with a stop loss and a take profit, and as you can see by the results, it is well suited for a bear market.
This trade works very well with ETH (1h timeframe), AVA (4h timeframe), and SOL (3h timeframe) and is backtested from the 1 December 2021 to capture how this strategy would perform in a bear market.
To make the results more realistic, the strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
Gab EMA + rsi + bbscrypt I made for a friend
you are welcome bro ;)
simple strategy
BB Default
RSI 3
200 ema
200 EMA gives the trend direction.
if RSI is over bought and candle touch BB upper band then there will be buy entry. (Price must be above 200 ema)
If RSI is over sold and price touch bb lower band then there will be sell entry. (Price must be below the 200 ema)
SL will be 1 ATR of the entry candle. Tp will 2:1.
***Missing TP and SL values
Top Trend Backtest (Simple) [Loxx]Simple backtest for Top Trend found here:
What this backtest includes:
-Customization of inputs for Top Trend calculation
-Take profit 1 (TP1), and Stop-loss (SL), calculated using standard RMA-smoothed true range
-Activation of TP1 after entry candle closes
-Long and short signal cross entries
Happy trading!
Steven Primo's bollinger bands strategyHi, this strategy is taken from a video made by Steven Primo. You can look it up on YouTube if you want to know about it.
It is a mean-reversion strategy based on the Bollinger Bands, in which we wait for 5 consecutive closes above the upper band, and for a short-term top. Once it happens, we place an entry order on this top, with a stop at the nearest bottom before the movement started, and use the difference from the stop and entry point to determine the target. For shorting, it's the same process, but for the downside. From my testing, only long orders were profitable, but you can configure whichever you want.
It works well for directional markets with a low level of noise, as you can see with the BTCUSD chart. One of its caveats is the short number of occurrences, and the long stop loss and target. You can enable a trailing stop, but from my testings, it just made the results worse.
I made some modifications, like removing the MA requirement, since the entry point was above it almost all the time, and I forced the BB to use a log version of the prices, so that discrepancies are eliminated. You'll also notice that you can't select an extension that is lower than 100, and that is intentional, since you're not supposed to enter a trade in which you can lose more than what you can earn.
I chose not to implement any kind of risk management, but I might do that in the future. You can leave your suggestions in the comments.
Sideways Strategy DMI + Bollinger Bands (by Coinrule)Markets don’t always trade in a clear direction. At a closer look, most of the time, they move sideways. Relying on trend-following strategies all the time can thus lead to repeated false signals in such conditions.
However, before you can safely trade sideways, you have to identify the most suitable market conditions.
The main features of such strategies are:
Short-term trades, with quick entries and quick exits
Slightly contrarian and mean-reversionary
Require some indicator that tells you it’s a sideways market
This Sideways DMI + Bollinger Bands strategy incorporates such features to bring you a profitable alternative when the regular trend-following systems stop working.
ENTRY
1. The trading system requires confirmation for a sideways market from the Directional Movement Index (DMI) before you can start opening any trades. For this purpose, the strategy uses the absolute difference between positive and negative DMI, which must be lower than 20.
2. To pick the right moment to buy, the strategy looks at the Bollinger Bands (BB). It enters the trade when the price crosses over the lower BB.
EXIT
The strategy then exits when the move has been exhausted. Generally, in sideways markets, the price should revert lower. The position is closed when the price crosses back down below the upper BB.
The best time frame for this strategy based on our backtest is the 1-hr. Shorter timeframes can also work well on certain coins that are more volatile and trade sideways more often. However, as expected, these exhibit larger volatility in their returns. In general, this approach suits medium timeframes. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
QQE MOD + SSL Hybrid + Waddah Attar ExplosionTRADE CONDITIONS
Long entry:
QQE Mod changes to Blue (leading indicator)
SSL Hybrid is Blue and price is above MA Channel line
Waddah Attar Explosion is Green and above Explosion line
Short entry:
QQE Mod changes to Red (leading indicator)
SSL Hybrid is Red and price is below MA Channel line
Waddah Attar Explosion is Red and above Explosion line
Risk management:
Each trade risks 2% of account (configurable in settings)
SL size determined by swing low/high of previous X candles (configurable in settings)
TP is triggered on SSL Hybrid EXIT arrow signals
TIPS
Timeframe: Personally I've found best results running this on 1H timeframe.
Note: To help visual identification of trade entries and exits you may wish to add the SSL Hybrid and Waddah Attar Explosion to the chart separately. They are being used to determine trade entry/exit within the code of this strategy but it was not possible to display them in a clear way within a single panel. Make sure you set the settings of the auxiliary indicators to match what is in the settings of this indicator if you do decide to add them.
CREDITS
QQE MOD byMihkel00
SSL Hybrid by Mihkel00
Waddah Attar Explosion by shayankm
BB + RSI double strategy developeI'm Korean, and it may not be enough to explain this script in English. I feel sorry for the users of TradingView for this lack of English skills. If you are Korean, please return it to the translator using Papago. It will be a useful manual for you.
This script referenced Chartart's Double Strategy. But there are some changes in his script.
0. Basically, when you break through the top or bottom of the 100th period balliser band and come back into the band, you track the overbuying and overselling of the RSI to determine your position entry. The order is triggered only when both conditions are satisfied at the same time. However, only one condition applies to clearing the position. This is because it is most effective in reducing risk and increasing assets in terms of profit and loss.
1. This script is optimized for 15 minutes of bitcoin futures chart and API via webbook alert. By default, 10x leverage usage and 10 pyramids are applied.
2. Setting a chart period other than 15 minutes will not guarantee sufficient effectiveness. It can also be applied to Ethereum , but it is not recommended to apply to other symbols.
3. I added Enable Date Filter because Chartart's script could not apply the strategy to the user's desired period. This feature allows you to set a period of time when you do not want to use the strategy. You can also uncheck it if you don't want to fully use this feature. Please remember that it is an exclusion period, not a usage period. With this feature, we can see the effectiveness of the strategy from a point in time, not from the entire period. You can also clearly differentiate the effectiveness of the strategy from the point you use it.
4. You can also stop using strategies at certain times of the day when you don't want to apply them. This works similarly to the Enalbe Date Filter described above. This allows you to sleep comfortably even if you don't fully trust this strategy.
5. The period, overbuying, and overselling figures of RSI can be set individually. For example, when you take a long position, you can set the RSI to a period of 7, and at the same time, the RSI entering the short position can be set to a period of 14. You can also set the base figures for overbuying and overselling to levels that you think are reasonable. This figure works in conjunction with the Bollinger Band and affects position entry when it is crossed or returned.
6. Based on API futures trading, basic Sleepy and commission are applied. This is geared towards market price transactions. This makes your revenue look more reasonable.
Thank you very much, Chartart. You are a genius.
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저는 한국인이고, 영어로 이 스크립트를 설명하는 것이 어렵기 때문에 설명이 부족할 수 있습니다. 이런 영어 능력 부족에 대해서 TradingView 사용자들에게 미안하게 생각합니다. 만약 당신이 한국인이라면 파파고를 사용하여 번역기에 돌려주십시오. 당신에게 유익한 설명서가 될 것입니다.
이 스크립트는 Chart art의 Double Strategy를 참조했습니다. 그러나 그의 스크립트에서 달라진 점이 몇 가지 있습니다.
0. 기본적으로 100기간의 볼린져밴드의 상단 또는 하단을 돌파한 뒤 다시 밴드 안으로 들어올 때 RSI의 과매수, 과매도를 추적하여 포지션 진입을 결정합니다. 두 가지 조건이 동시에 만족되어야만 주문이 트리거 됩니다. 그러나 포지션을 청산하는 것에는 볼린져밴드 하나의 조건만 적용합니다. 여러가지 테스트를 거친 결과 이것이 손익 면에서 가장 효과적으로 리스크를 줄이고 자산을 늘리는 것에 효율적이기 때문입니다.
1. 이 스크립트는 15분의 비트코인 선물 차트와 webhook alert을 통한 API에 최적화되어 있습니다. 기본적으로 10배의 레버리지 사용과 10개의 피라미딩이 적용되어 있습니다.
2. 15분 외에 다른 차트 기간을 설정한다면 충분한 효과를 보장할 수 없습니다. 또한 이더리움에도 적용할 수 있지만, 그 외에 다른 심볼에는 적용하지 않는 것을 권장합니다.
3. Chart art의 스크립트는 전략을 사용자가 원하는 기간에 적용할 수 없었기 때문에, 저는 Enable Date Filter를 추가하였습니다. 이 기능을 통해 전략 사용을 원하지 않는 기간을 설정할 수 있습니다. 또한 이 기능을 완전히 사용하고싶지 않다면 체크를 해제할 수 있습니다. 사용 기간이 아닌 제외 기간인 점을 상기하시길 바랍니다. 이 기능을 통해 우리는 전체 기간이 아닌 가까운 특정 시점부터의 전략 적용 효과를 확인할 수 있습니다. 또한 사용자가 전략을 사용한 시점부터의 효과를 명백히 구분할 수 있습니다.
4. 또한 사용자가 적용을 원하지 않는 하루 중의 특정 시간대에 전략 사용을 멈출 수도 있습니다. 이는 위에 설명한 Enalbe Date Filter와 유사하게 작동합니다. 이를 통해 당신이 온전히 이 전략을 신뢰하지 못하여도 당신은 마음 편하게 잠에 들 수 있습니다.
5. RSI의 기간 및 과매수, 과매도 수치를 개별적으로 설정할 수 있습니다. 예를 들어 당신이 롱 포지션을 취할 때에는 RSI를 7의 기간으로 설정할 수 있고, 동시에 숏 포지션을 진입하는 RSI는 14의 기간으로 설정될 수 있습니다. 또한 과매수 및 과매도의 기준 수치를 당신이 합리적이라고 생각하는 수준으로 설정할 수 있습니다. 이 수치는 볼린져밴드와 함께 작동하여 그것을 넘어서거나 다시 되돌아올 때 포지션 진입에 영향을 미칩니다.
6. API 선물거래를 기준으로 하여 기본적인 슬리피지와 커미션이 적용되어있습니다. 이는 시장가 거래에 맞춰져 있습니다. 이는 당신의 수익을 좀 더 합리적인 수치로 보일 수 있게 합니다.
Chartart에게 특별히 감사합니다. 당신은 천재입니다.
EMA bands + leledc + bollinger bands trend following strategy v2The basics:
In its simplest form, this strategy is a positional trend following strategy which enters long when price breaks out above "middle" EMA bands and closes or flips short when price breaks down below "middle" EMA bands. The top and bottom of the middle EMA bands are calculated from the EMA of candle highs and lows, respectively.
The idea is that entering trades on breakouts of the high EMAs and low EMAs rather than the typical EMA based on candle closes gives a bit more confirmation of trend strength and minimizes getting chopped up. To further reduce getting chopped up, the strategy defaults to close on crossing the opposite EMA band (ie. long on break above high EMA middle band and close below low EMA middle band).
This strategy works on all markets on all timeframes, but as a trend following strategy it works best on markets prone to trending such as crypto and tech stocks. On lower timeframes, longer EMAs tend to work best (I've found good results on EMA lengths even has high up to 1000), while 4H charts and above tend to work better with EMA lengths 21 and below.
As an added filter to confirm the trend, a second EMA can be used. Inputting a slower EMA filter can ensure trades are entered in accordance with longer term trends, inputting a faster EMA filter can act as confirmation of breakout strength.
Bar coloring can be enabled to quickly visually identify a trend's direction for confluence with other indicators or strategies.
The goods:
Waiting for the trend to flip before closing a trade (especially when a longer base EMA is used) often leaves money on the table. This script combines a number of ways to identify when a trend is exhausted for backtesting the best early exits.
"Delayed bars inside middle bands" - When a number of candle's in a row open and close between the middle EMA bands, it could be a sign the trend is weak, or that the breakout was not the start of a new trend. Selecting this will close out positions after a number of bars has passed
"Leledc bars" - Originally introduced by glaz, this is a price action indicator that highlights a candle after a number of bars in a row close the same direction and result in greatest high/low over a period. It often triggers when a strong trend has paused before further continuation, or it marks the end of a trend. To mitigate closing on false Leledc signals, this strategy has two options: 1. Introducing requirement for increased volume on the Leledc bars can help filter out Leledc signals that happen mid trend. 2. Closing after a number of Leledc bars appear after position opens. These two options work great in isolation but don't perform well together in my testing.
"Bollinger Bands exhaustion bars" - These bars are highlighted when price closes back inside the Bollinger Bands and RSI is within specified overbought/sold zones. The idea is that a trend is overextended when price trades beyond the Bollinger Bands. When price closes back inside the bands it's likely due for mean reversion back to the base EMA in which this strategy will ideally re-enter a position. Since the added RSI requirements often make this indicator too strict to trigger a large enough sample size to backtest, I've found it best to use "non-standard" settings for both the bands and the RSI as seen in the default settings.
"Buy/Sell zones" - Similar to the idea behind using Bollinger Bands exhaustion bars as a closing signal. Instead of calculating off of standard deviations, the Buy/Sell zones are calculated off multiples of the middle EMA bands. When trading beyond these zones and subsequently failing back inside, price may be due for mean reversion back to the base EMA. No RSI filter is used for Buy/Sell zones.
If any early close conditions are selected, it's often worth enabling trade re-entry on "middle EMA band bounce". Instead of waiting for a candle to close back inside the middle EMA bands, this feature will re-enter position on only a wick back into the middle bands as will sometimes happen when the trend is strong.
Any and all of the early close conditions can be combined. Experimenting with these, I've found can result in less net profit but higher win-rates and sharpe ratios as less time is spent in trades.
The deadly:
The trend is your friend. But wouldn't it be nice to catch the trends early? In ranging markets (or when using slower base EMAs in this strategy), waiting for confirmation of a breakout of the EMA bands at best will cause you to miss half the move, at worst will result in getting consistently chopped up. Enabling "counter-trend" trades on this strategy will allow the strategy to enter positions on the opposite side of the EMA bands on either a Leledc bar or Bollinger Bands exhaustion bar. There is a filter requiring either a high/low (for Leledc) or open (for BB bars) outside the selected inner or outer Buy/Sell zone. There are also a number of different close conditions for the counter-trend trades to experiment with and backtest.
There are two ways I've found best to use counter-trend trades
1. Mean reverting scalp trades when a trend is clearly overextended. Selecting from the first 5 counter-trend closing conditions on the dropdown list will usually close the trades out quickly, with less profit but less risk.
2. Trying to catch trends early. Selecting any of the close conditions below the first 5 can cause the strategy to behave as if it's entering into a new trend (from the wrong side).
This feature can be deadly effective in profiting from every move price makes, or deadly to the strategy's PnL if not set correctly. Since counter-trend trades open opposite the middle bands, a stop-loss is recommended to reduce risk. If stop-losses for counter-trend trades are disabled, the strategy will hold a position open often until liquidation in a trending market if th trade is offsides. Note that using a slower base EMA makes counter-trend stop-losses even more necessary as it can reduce the effectiveness of the Buy/Sell zone filter for opening the trades as price can spend a long time trending outside the zones. If faster EMAs (34 and below) are used with "Inner" Buy/Zone filter selected, the first few closing conditions will often trigger almost immediately closing the trade at a loss.
The niche:
I've added a feature to default into longs or shorts. Enabling these with other features (aside from the basic long/short on EMA middle band breakout) tends to break the strategy one way or another. Enabling default long works to simulate trying to acquire more of the asset rather than the base currency. Enabling default short can have positive results for those high FDV, high inflation coins that go down-only for months at a time. Otherwise, I use default short as a hedge for coins that I hold and stake spot. I gain the utility and APR of staking while reducing the risk of holding the underlying asset by maintaining a net neutral position *most* of the time.
Disclaimer:
This script is intended for experimenting and backtesting different strategies around EMA bands. Use this script for your live trading at your own risk. I am a rookie coder, as such there may be errors in the code that cause the strategy to behave not as intended. As far as I can tell it doesn't repaint, but I cannot guarantee that it does not. That being said if there's any question, improvements, or errors you've found, drop a comment below!
