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Bybit

Ping Pong Bot StrategyOverview: The Ping Pong Bot Strategy is designed for traders who focus on scalping and short-term opportunities using support and resistance levels. This strategy identifies potential buy entries when the price reaches a key support area and shows bullish momentum (a green bar). It aims to capitalize on small price movements with predefined risk management and take profit levels, making it suitable for active traders looking to maximize quick trades in trending or ranging markets. How It Works: Support & Resistance Calculation: The strategy dynamically identifies support and resistance levels using the lowest and highest price points over a user-defined period. These levels help pinpoint potential price reversal areas, guiding traders on where to enter or exit trades. Buy Entry Criteria: A buy signal is triggered when the closing price is at or below the support level, and the bar is green (i.e., the closing price is higher than the opening price). This ensures that entries are made when prices show signs of upward momentum after hitting support. Risk Management: For each trade, a stop loss is calculated based on a user-defined risk percentage, helping to protect against significant drawdowns. Additionally, a take profit level is set at a ratio relative to the risk, ensuring a disciplined approach to exit points. 0.5% Take Profit Target: The strategy also includes a 0.5% quick take profit target, indicated by an orange arrow when reached. This feature helps traders lock in small gains rapidly, making it ideal for volatile market conditions. Customizable Inputs: Length: Adjusts the period for calculating support and resistance levels. Risk-Reward Ratio: Allows traders to set the desired risk-to-reward ratio for each trade. Risk Percentage: Defines the risk tolerance for stop loss calculations. Take Profit Target: Enables the customization of the quick take profit target. Ideal For: Traders who prefer an active trading style and want to leverage support and resistance levels for precise entries and exits. This strategy is particularly useful in markets that experience frequent price bounces between support and resistance, allowing traders to "ping pong" between these levels for profitable trades. Note: This strategy is developed mainly for the 5-minute chart and has not been tested on longer time frames. Users should perform their own testing and adjustments if using it on different time frames.
Chỉ báo Pine Script™
bởi Disjournals
5
[MAD] Entrytool / Bybit-LinearThis indicator, "Entry Tool," was coded at request for Sandmann . It is designed to provide traders with real-time feedback for strategizing entries, exits, and liquidation levels for trades initiated at that given moment. The tool visualizes average entry prices, stop-loss levels, multiple take-profit targets, and potential liquidation prices, offering a comprehensive overview of possible trade outcomes. It aids traders in pre-planning their trades by visually simulating the impact of different trading decisions directly on the live chart. Each setting and parameter can be customized to align with individual trading strategies and risk tolerances, making this tool versatile for various trading styles, including day trading, swing trading, and position trading. ------------------------------ Steps to Use the Indicator: 1. Basic Setup: Setup Type: Choose between "Long" or "Short" to set the direction of the trade. Leverage: Adjust the leverage to understand its impact on your potential returns and liquidation price. Tracking follows the close price, alternative you can enter a specific price. 2. Position Setup: Initial Entry Amount: Set the starting amount for the trade. Distance: First Increment Percentage from Entry price Amount: Define the increase for the first incremental addition to the position and specify the amount to be added. Distance: Second Increment Percentage from Entry Amount: Set the increase for the second incremental addition and the corresponding amount. 3. Risk Management: Stop-Loss (SL) Percentage: Set the percentage below or above the average entry price at which the position should be closed to minimize losses. Take-Profit (TP) Percentages: Define up to four different profit target levels by specifying the percentage above or below the average entry price. 4. Visual Settings: Box Colors: Customize the colors of the boxes that represent long and short positions to differentiate easily on the chart. Box Extension: Determine the length by which the box extends beyond the current bar, which helps in visualizing the potential price movement. Line Colors and Extensions: Select colors for various lines such as the Average Entry Line, Stop-Loss Line, Take-Profit Lines, and Liquidations Line. Adjust the length of these lines for better visibility. Label Settings: Configure the distance of labels from their corresponding lines and set the font size for better readability. 5. Additional Features: Liquidation Price Visualization: This new feature calculates and displays the liquidation price based on the current leverage and margin settings, giving traders a critical insight into their risk exposure. Interactive Drag Point: Adjust the start price manually by dragging the point on the chart, which dynamically updates entry and exit levels as well as risk metrics. Detailed Leverage Data Array: Input different scenarios with specific leverage, initial margin, and maintenance rates to see how these factors impact potential liquidation points. 6. Informations about leverage calculation The data used are fetched from Bybit for Linear pairs to calculate the liquidations like in their documentation. Keep in mind that other exchanges may calulate based on another formular.
Chỉ báo Pine Script™
bởi djmad
3
Crypto USD VolumeOften times I need to check the volume in cryptocurrency exchanges and I find myself checking which type of volume I am looking at, I need to manually make sense what the data is and converting it into USD volume which I end up going to CoinMarketCap website to verify whether my calculation is right. Today I thought it was about time I created an automatic way to find the volume in USD Dollars. This is what this script does. 1 - It removes the base currency from the symbol (e.g., "BTCUSD", it would remove "BTC", leaving us with the "USD" part.). This is important because it helps us identify the currency the pair uses. 2 - It has different pair's variables, each is given a specific currency that the final volume is calculated from. (BTC, ETH, BNB and USD are the default currencies, for other ones, it must be added manually). This works with all crypto symbols that include BTC, ETH, BNB and USD as currencies. If you modify it, please make sure to compare data with the exchange's one.
Chỉ báo Pine Script™
bởi Quansium
1
Crypto Prices InfoPanel V2Hello traders Following the introduction of ByBit to TradingView ByBit on TradingView I decided to upgrade my previous Bitcoin InfoPanel Bitcoin-Prices-InfoPanel/ Now it's more dynamic (thumbs up) but only work with Bitcoin, Ethereum and Litecoin . If you select any other asset than those 3, the script won't work This is due to a technical limitation on TradingView because I can't do more than 40 security calls per script If you don't know what the security function is, here's a reminder : Security documentation . If you don't know what is TradingView... I cannot do anything for you... Now you can use this panel to have a very cool arbitrage view directly from TradingView and use the info to gamble between brokers (not financial advice) See you all tomorrow for a huge update regarding the Strategy Builder. I'll show you how to connect it to a Backtest system ____________________________________________________________ Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future. - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Chỉ báo Pine Script™
bởi Daveatt
3