Overlay - HARSI + Divergences // All credit to © //@author=JayRogers & VuManChu Cipher B for their original Scripts (Open Source)
/ ====== ABOUT THIS INDICATOR
// I've combined some part of the code of the following indicators to get some alerts based on the Idea and Use section below :
// - RSI based Heikin Ashi candle oscillator
// - Divergence based on the VuManChu Cipher B
// -- This is the OVERLAY Version
//
// ====== ARTICLES and FURTHER READING
//
// - www.investopedia.com
//
// "Heikin-Ashi is a candlestick pattern technique that aims to reduce
// some of the market noise, creating a chart that highlights trend
// direction better than typical candlestick charts"
//
// ====== IDEA AND USE
// - The use of the HA RSI indicator when in the OverSold and OverBought
// area combined to a Divergence & a OB/OS buy/sell
// on the Cipher B by VuManChu.
// Can be useful as a confluence at S/R levels.
// *** Tip = 1 minute timeframe seems to work the best on FOREX
//
// *** Alerts :
// - The Divergence alert needs 2 bar to calculate,
// so alerts and dots as well, it will be placed on the right spot on
// the chart as per the offset added.
// - Use "Once Per Bar" for the alert, not per bar close, or you would
// have 1 extra bar delay
//
// ** Contributions : Remodel some part of the original script in order to get :
// --> Total conditions for an alert and a dot to display, resumed :
// - Buy/Sell in OB/OS
// - Divergence Buy/Sell
// - RSI Overlay is in OB/OS on current bar (or was the bar before)
// when both Buy/Sell dots from VMC appears.
//
// ====== DISCLAIMER
// For Tradingview & Pinescript moderators =
// This follow a strategy where RSI Overlay from @JayRogers script shall be
// in OB/OS zone, while combining it with the VuManChu Cipher B Divergences
// Buy&Sell + Buy/sell alerts In OB/OS areas.
// Any trade decisions you make are entirely your own responsibility.
//
// Thanks to dynausmaux for the code
// Thanks to falconCoin for inspired me to start this.
// Thanks to LazyBear for WaveTrend Oscillator
// Thanks to RicardoSantos for
Tìm kiếm tập lệnh với "N+credit最新动态"
HARSI + Divergences// All credit to © //@author=JayRogers & VuManChu Cipher B for their original Scripts (Open Source)
/ ====== ABOUT THIS INDICATOR
// I've combined some part of the code of the following indicators to get some alerts based on the Idea and Use section below :
// - RSI based Heikin Ashi candle oscillator
// - Divergence based on the VuManChu Cipher B
//
// ====== ARTICLES and FURTHER READING
//
// - www.investopedia.com
//
// "Heikin-Ashi is a candlestick pattern technique that aims to reduce
// some of the market noise, creating a chart that highlights trend
// direction better than typical candlestick charts"
//
// ====== IDEA AND USE
// - The use of the HA RSI indicator when in the OverSold and OverBought
// area combined to a Divergence & a OB/OS buy/sell
// on the Cipher B by VuManChu.
// Can be useful as a confluence at S/R levels.
// *** Tip = 1 minute timeframe seems to work the best on FOREX
//
// *** Alerts :
// - The Divergence alert needs 2 bar to calculate,
// so alerts and dots as well, it will be placed on the right spot on
// the chart as per the offset added.
// - Use "Once Per Bar" for the alert, not per bar close, or you would
// have 1 extra bar delay
//
// ** Contributions : Remodel some part of the original script in order to get :
// --> Total conditions for an alert and a dot to display, resumed :
// - Buy/Sell in OB/OS
// - Divergence Buy/Sell
// - RSI Overlay is in OB/OS on current bar (or was the bar before)
// when both Buy/Sell dots from VMC appears.
//
// ====== DISCLAIMER
// For Tradingview & Pinescript moderators =
// This follow a strategy where RSI Overlay from @JayRogers script shall be
// in OB/OS zone, while combining it with the VuManChu Cipher B Divergences
// Buy&Sell + Buy/sell alerts In OB/OS areas.
// Any trade decisions you make are entirely your own responsibility.
//
// Thanks to dynausmaux for the code
// Thanks to falconCoin for inspired me to start this.
// Thanks to LazyBear for WaveTrend Oscillator
// Thanks to RicardoSantos for
DIY Entry SignalsThis indicator allows you to set up entry signals based on your own conditions.
Note that this indicator DOES NOT give any information about exits. It is not intended to be a signal indicator that someone could blindly follow. It is intended for use in backtesting to help spot entry points more easily.
Also note that this indicator DOES NOT plot anything other than moving averages and entry signals. The other indicators referenced will need to be added on their own to be visible on the chart.
Credit to The_Caretaker for both BBWP and PMARP indicators. For more information on how those work, see their descriptions. Big thanks to him for making them open source, as well.
Instructions for use:
Signal Types:
This section allows you to choose whether you want long, short, or both types of signals.
Moving Averages:
Configure up to 4 moving averages to be plotted on the chart. Options include show/hide, color, length, and type.
RSI:
Choose the period and source used for the Relative Strength Index indicator, a very commonly used momentum oscillator.
Stochastic:
Choose the K, D, smoothing, and source for the Stochastic indicator, a very commonly used momentum oscillator.
BBWP:
Choose settings for the Bollinger Band Width Percentile indicator. This measures volatility based on Bollinger Bands and was created by The_Caretaker. The indicator is free and open source, so definitely check it out.
This section allows the user to choose the price source, basis type ( SMA , EMA , or VWMA ), length, and lookback. It also includes a threshold setting to determine the BBWP requirement used for entry signals.
PMARP:
Choose settings for the Price Moving Average Ratio & Percentile. This calculates the ratio between a source price and moving average over a lookback period. This was also created by The_Caretaker, and it is a free and open source indicator.
This section allows the user to choose price source, lookback, PMAR length, and moving average type.
DMI/ADX:
Choose settings for the Directional Movement Index and the Average Directional Index. This shows which direction the price is moving by comparing prior highs and lows and calculating a positive directional movement and a negative directional movement. The average of the positive and negative movements is used to plot the ADX line.
Long/Short Conditions:
Choose which indicators will be used to determine entry signals, as well as some options for each indicator that is included.
Note: A signal will only be plotted if ALL selected conditions are met.
Options in these sections include:
Faster moving averages above or below slower moving averages (implying a trend direction)
RSI thresholds (separate for long and short)
Stochastic thresholds (separate for long and short)
Whether K should be above or below D (implying trend direction of the Stochastic indicator)
Whether a signal should only be generated on the bar when the Stochastic first crosses the threshold.
BBWP on/off (The threshold for this is determined in the BBWP section of the settings)
PMARP thresholds (separate for long and short)
Perpetual American Options [Loxx]Perpetual American Options is Perpetual American Options pricing model. This indicator also includes numerical greeks.
American Perpetual Options
While there in general is no closed-form solution for American options (except for non-dividend-paying stock call options) it is possible to find a closed-form solution for options with an infinite time to expiration. The reason is that the time to expiration will always be the same: infinite. The time to maturity, therefore, does not depend on at what point in time we look at the valuation problem, which makes the valuation problem independent of time McKean (1965) and Merton (1973) gives closed-form solutions for American perpetual options. For a call option we have
c = (X / (y1 - 1)) * ((y1 - 1)/y1 * S/X)^y1
where
y1 = 1/2 - b/v^2 + ((b/v^2 - 1/2)^2 + 2*r/v^2)^0.5
If b >= r, then there is never optimal to exercise a call option. In the case of an American perpetual put, we have
p = X/(1-y2) * (((y2 - 1) / y2) * S/X)^y2
where
y2 = 1/2 - b/v^2 - ((b/v^2 - 1/2)^2 + 2*r/v^2)^0.5
In practice, one can naturally discuss if there is such a thing as infinite time to maturity. For instance, credit risk could play an important role: Even when you are buying an option from an AAA bank, there is no guarantee the bank will be around forever.
b=r options on non-dividend paying stock
b=r-q options on stock or index paying a dividend yield of q
b=0 options on futures
b=r-rf currency options (where rf is the rate in the second currency)
Inputs
S = Stock price.
K = Strike price of option.
T = Time to expiration in years.
r = Risk-free rate
c = Cost of Carry
V = Variance of the underlying asset price
cnd1(x) = Cumulative Normal Distribution
cbnd3(x) = Cumulative Bivariate Normal Distribution
nd(x) = Standard Normal Density Function
convertingToCCRate(r, cmp ) = Rate compounder
Numerical Greeks or Greeks by Finite Difference
Analytical Greeks are the standard approach to estimating Delta, Gamma etc... That is what we typically use when we can derive from closed form solutions. Normally, these are well-defined and available in text books. Previously, we relied on closed form solutions for the call or put formulae differentiated with respect to the Black Scholes parameters. When Greeks formulae are difficult to develop or tease out, we can alternatively employ numerical Greeks - sometimes referred to finite difference approximations. A key advantage of numerical Greeks relates to their estimation independent of deriving mathematical Greeks. This could be important when we examine American options where there may not technically exist an exact closed form solution that is straightforward to work with. (via VinegarHill FinanceLabs)
Things to know
Only works on the daily timeframe and for the current source price.
You can adjust the text size to fit the screen
GBT TunnelThis is a channel type tool I created, heavily influenced by LazyBear COG Fibs script and the COG Fibs script by Joy_Bangla which also uses LazyBear COG Fib logic. All credit to those guys, publishing this open source as well since its nothing here is my original work really.
HPK Crash IndicatorFrom Hari P. Krishnan's book, The Second Leg Down: Strategies for Profiting after a Market Sell-Off :
"We start by specifying the year on year (YoY) change in the index. Next, we calculate the 5 year trailing Z score of the YoY returns. We also calculate the 5 year trailing Z score of 1 month historical volatility for the index, using daily returns. Our crisis warning indicator flashes if both Z scores are above 2. In other words, recent price increases and current volatility need to be at least 2 standard deviations above normal.
It can be seen that this basic implementation is reasonably effective, accepting that the effective sample set is small. A false signal is given in mid-2006, but the signal is quickly washed away. The remaining signals occur fairly close to the point of collapse. The idea that elevated volatility is predictive of danger is not new and underpins many asset allocation schemes. However, Sornette deserves credit for moving away from a largely valuation-based approach to predicting crises to one that relies upon price action itself."
displaced wmaHi,
This is WEIGHTED MOVING AVERAGE (WMA) Displaced .
How To Trade Using this indicator:
This moving average may help a person while locking maximum profit when ever a security is falling or rising very fast.
As this is moving along with the candles, very close to them, you can easily see and gauge the momentum of fall or rise...
I have taken help from © RedKTrader and credit goes to him for this script.
BankNifty ScriptsBank Nifty Script
Indicator provides Daily, Hourly and Weekly EMA's Exponential Moving Averages for different scripts of Bank Nifty Composition. You'll have CMP and % change along with cRSI.
Credit to RozaniGhani-RG for cRSI code.
Default length is 50 you can change as per your choice.
Table display can be set Vertically top, right, bottom and horizontally left, centre, right.
cRSI if above > 70 the label will change to Focus on Sell and less than < 30 label will show Focus on Buy
Basically created this script for my personal use to see in one shot what's happening in Bank Nifty Composition individual scripts.
Hope it helps.
RSI+ by Wilson (alt)Extension of the excellent RSI+ script by Wilsonlibero. I tweaked the parameters to better fit crypto markets, and I added a few more visuals, such as midline, overbought/oversold threshold lines and areas, background coloration depending on RSI trend above or below midline, and a few other tweaks especially colors (fixed the transp parameter deprecation for example). The color theme is by default more optimized for dark mode charts, but all colors can be configured, and all drawings can be enabled/disabled/tweaked in the parameters.
I'm just giving back to the community since I could modify this script only because it was open-source. If you like this script, please don't give me any credit, but please show some love to the original author Wilsonlibero:
Volume Candle IndicatorVolume Candle is the candle with highest volume, which usually breaking the high of that candle can trigger a potential entry if its in a good place in the chart.
and losing the low of it, can trigger a stoploss if you entered on break of the high.
Credit goes to the creator of heatvolume indicator
I added alerts on breaking the high and breaking the low
Enjoy it on your own responsibility!
Blockchain Fundamentals - Active Address Sentiment Osc. [CR]Blockchain Fundamentals: Active Address Sentiment Oscillator AASO
Back with another script today, this one is a useful tool in helping to determine bitcoins value. We are looking at 2 data sources: the daily active addresses on the BTC blockchain, and the daily returns of BTC.
THIS INDICATOR WILL ONLY GIVE YOU THE CORRECT RESULTS ON THE DAILY TIMEFRAME
There is an interesting relationship that you can see by comparing the two timeseries. But for us to create a good indicator we first need to normalize the data. So we look at the percent change over the past 28 days for each metric (DAA and price).
THIS INDICATOR WILL ONLY GIVE YOU THE CORRECT RESULTS ON THE DAILY TIMEFRAME
We then calculate standard deviation bands around the DAA metric. We finalize them by averaging the bands over a 28 day period.
When the Price series (yellow line) is higher than the SD bands BTC is considered overvalued or price is overheated. A pullback could be expected soon. When the Price series is below the SD bands BTC is considered undervalued or price is oversold.
THIS INDICATOR WILL ONLY GIVE YOU THE CORRECT RESULTS ON THE DAILY TIMEFRAME
This tool doesnt give signals on the one minute chart or tell you exactly when to buy or sell. BUT what it does do is act as a convenient macro sentiment indicator that is not based completely upon price.
In an attempt to narrow down the really juicy areas, if you seen the background color highlights with white, that means its likely a top or bottom. At the very least on a local sense and many times in a cyclical macro sense as well. It also narrows down the signal to a generally more profitable area.
This indicator is not meant to be used on timeframes other than daily (did I mention that already?). I am lazy and did not code the calculations to be MTF (which is why you have to use on the daily chart). If you want to code this, please forward it on to me and I will post an update with a heartfelt credit to you.
Digital Nivesh: Trend TrackerThis indicator is nothing but combination of Magic Trend and Super trend written by KivancOzbilgic
So credit goes to him.
I have just added some extra functionality which are below:
1. Multi time frame, magic trends time frame can be different from supertrend by changing shortTimeFrame
2. Dynamic time frame, u can change supertrends time also
Best usage is to use Magic Trend on 1 lower time frame than supertrend.
eg. Suppose ur current chart is on 5 min time, ur supertrend will be displayed with current time on chart(which can be changed also using MTF Tradingview feature), u need to keep shorterTimeFrame on lower value such as 3min .
For any question , feel free to drop comment.
Stock Tech Bot One ViewTechnical indicators are not limited. Hence, here is another indicator with the combination of OBV, RSI, and MACD along with support, and resistance that follows the price while honoring the moving average of 200, 90 & 50.
The default lookback period of this indicator is 21 though it is changeable as per the user's desire.
The highest high and lowest low for the last 21 days lookback period proven to be the perfect Support & Resistance as the price of particular stock values are decided by market psychology. The support and resistance lines are very important to understand the market psychology which is very well proven with price action patterns and the lines are drawn based on,
Lower Extreme = 0.1 (Changeable)
Maximum Range = 21 days highest high - 21 days lowest low.
Support Line = 21 days lowest low + (Maximum Range * Lower Extreme)
Resistance Line = 21 days highest high - (Maximum Range * Lower Extreme)
RSI - Relative strength indicator is very famous to find the market momentum within the range of 0 - 100. Though the lookback period is changeable, the 14 days lookback period is the perfect match as the momentum of market movement for the last 3 weeks will always assist to identify the market regime. Here the momentum is just to highlight the indication (green up arrow under the candle for long and red down arrow above the candle for short) of market movement though it is not very important to consider if the price of the stock respect the support & resistance lines along with volume indicator (* = violet color).
OBV - Momentum:
The on-balance volume is always going indicator on any kind of tickers, which helps to identify the buying interest. Now, applying momentum on OBV with the positive movement for at least two consecutive days gives perfect confirmation for entry. A combination of the price along with this momentum(OBV) in the chart will help us to know the whipsaw in the price.
The Symbol "*" on top of each bar shows the market interest in that particular stock. If your ticker is fundamentally strong then you can see this "*" even when the market falls.
MACD:
One of the favorites and simple indicators widely used, where the thump of the rule is not to change the length even if it is allowed. It's OK to believe blindly in certain indicator and consider it while trading. That's why the indicator changes the bar color by following the MACD histogram.
Volume:
It may be the OBV works based on the open price and close price along with volume movement, it is wise to have the volume that is plotted along with price movement that should help you to decide whether the market is greedy or fearful.
The symbol "-" on top of each bar tells you a lot and don't ignore it.
Moving Average:
Moving average is a very good trend indicator as everyone considers seeing along with the price in the chart which is not omitted while we gauge the price movement alone with volume in this indicator. The 200, 90 & 50 MA's are everyone's favorite, and the same is plotted on the chart.
As explained above, the combination of all four indicators with price movement will give us very good confidence to take entry.
Candlestick Pattern:
You should admire the techniques of the candlestick pattern as you navigate the chart from right to left. Though there are a lot of patterns that exist, it is easy to enable and disable to view the signal as the label.
Further, last but not least, the exit always depends on individual conviction and how often the individual watch the price movement, if your conviction is strong then follow the down arrow red indication. If not, then exit with a trailing stop that indicates the bar with orange color.
Happy investing
Note: It is just a combination of multiple indicators and patterns to get one holistic view. So, the credit goes to all wise developers who publically published.
MAConverging + QQE Threshold This trading script is a trading strategy that is made up of 2 public indicators so credit goes to LuxAlgo and Jose5770. I have the 2 indicators listed below.
1) Moving Average Converging (LuxAlgo)
2) QQE Threshold (Jose5770)
This trading strategy is buying when the two indicators align, and then the take profit is the first red bar on the QQE Threshold histogram. It is not a set risk reward but instead a variable take profit strategy. I have the rules of the strategy listed below in order of how it works.
Long Position :
1. Wait for Moving Average Converging to be green
2. Candlestick is green from the QQE Threshold indicator
3. QQE Threshold histogram is green as well, then it enters the trade once we have these criteria met.
Take profit is the first red bar on the QQE Threshold histogram that appears and the trade will close.
Short Position :
1. Wait for Moving Average Converging to be red
2. Candlestick is red from the QQE Threshold indicator
3. QQE Threshold histogram is red as well, then it enters the trade once we have these criteria met.
Take profit is the first green bar on the QQE Threshold histogram that appears and the trade will close.
I hope everyone enjoys!
[SS]Multicolor BB with Squeez Moving Average & Colored BarsHello Followers,
Hope u guyz doing well in the market.
Came with a standalone Trading System which helps u with the trend & choppiness zone.
This system is combination of multiple stretagies which makes it better than single published indicators.
=========================================================================================================
We have used Variety-Filtered, Squeeze Moving Averages which is a chop zone indicator that identifies when price is below a specific volatility threshold calculated as the difference between a fast and slow moving average and filtered using ATR- or Pips-based threshold. This indicator can be use as both an entry and exit indicator. It identifies both chop zones and breakouts/breakdowns
Uses:-
When the candles turn white and the threshold bands appear on the chart, this is indicative of low volatility
When price exits the threshold bands, price will usually explode up or down giving a long or short signal. This acts as a sort of squeeze momentum.
Included:
Bar coloring
Signals
Alerts, 4 types of alerts: Squeeze started, Squeeze ended, long, and short
<<------------------------------------->>
Multicolour Bollinger Bands indicator that indicates market phases.
It plots on the price chart, thanks to different color zones between the bands, a breakdown of the different phases that the price operates during a trend.
The different zones are identified as follows:
- red color zone: trend is bearish , price is below the 200 periods moving average
--> orange color zone: price operate a technical rebound below the 200 periods moving average
- yellow color zone: (phase 1 which indicate a new bearish cycle)
- light green zone: (phase 2 which indicate a new bullish cycle)
--> dark green zone: trend is bullish , price is above the 200 periods moving average
- grey color zone: calm phase of price/low volatility
- dark blue color zone: price is consolidating in either bullish or bearish trend
- light blue zones: price will revert to a new opposite trend (either long or short new trend)
By identifying clearly the different market phases with the multicolor Bollinger bands , the market entries by either a the beginning of a new trend or just after a rebound or a consolidating phase is easier to spot on.
<<==========================>>
The credit of above indicator souce goes to loxx & Deveatt. I just backtested and modified it to increase accuracy of trade and clear visual representation for trades.
Modified the trend based SMA and BB period and entry criteria.
<<===========================>>
<>
1) Look for BB COLOR and SMA for trend either up or down.
2) Look Bar coloring, enter when price above sma and green for long else short.
Multi Yield CurveAn inversion between the 2 year and 10 year US treasury yield generally means a recession within 2 years. But the yield curve has more to it than that. This script helps analysis of the current and past yield curve (not limited to US treasury) and is very configurable.
"A yield curve is a line that plots yields (interest rates) of bonds having equal credit quality but differing maturity dates. The slope of the yield curve gives an idea of future interest rate changes and economic activity." (Investopedia)
When the slope is upward (longer maturity bonds have a higher interest rate than shorter maturity bonds), it generally means the economy is doing well and is expanding. When the slope is downward it generally means that there is more downside risk in the future.
The more inverted the curve is, and the more the inversion moves to the front, the more market participants are hedging against downside risk in the future.
The script draws up to 4 moments of a yield curve, which makes it easy to compare the current yield curve with past yield curves. It also draws lines in red when that part of the curve is inverted.
The script draws the lines with proper length between maturity (which most scripts do not) in order to make it more representative of the real maturity duration. The width cannot be scaled because TradingView does not allow drawing based on pixels.
This script is the only free script at time of writing with proper lengths, showing multiple yield curves, and being able to show yield curves other than the US treasury.
█ CONFIGURATION
(The following can be configured by clicking "Settings" when the script is added to a chart)
By default the script is configured to show the US treasury (government bond) yields of all maturities, but it can be configured for any yield curve.
A ticker represents yield data for a specific maturity of a bond.
To configure different tickers, go to the "TICKERS" section. Tickers in this section must be ordered from low maturity to high maturity.
• Enable: draw the ticker on the chart.
• Ticker: ticker symbol on TradingView to fetch data for.
• Months: amount of months of bond maturity the ticker represents.
To configure general settings, go to the "GENERAL" section.
• Period: used for calculating how far back to look for data for past yield curve lines. See "Times back" further in this description for more info.
• Min spacing: minimum amount of spacing between labels. Depending on the size of the screen, value labels can overlap. This setting sets how much empty space there must be between labels.
• Value format: how the value at that part of the line should be written on the label. For example, 0.000 means the value will have 3 digits precision.
To configure line settings per yield curve, each has its own "LINE" section with the line number after it.
• Enable: whether to enable drawing of this line.
• Times back: how many times period to go back in time. When period is D, and times value is 2, the line will be of data from 2 days ago.
• Color: color of the line when not inverted.
• Style: style of the line. Possible values: sol, dsh, dot
• Inversion color: color of the line when the curve inverses between the two maturities at that part of the curve.
• Thickness: thickness of the line in pixels.
• Labels: whether to draw value labels above the line. By default, this is only enabled for the first line.
• Label text color: text color of value label.
• Label background color: background color of value label.
To configure the durations axis at the bottom of the chart, go to the "DURATIONS" section.
• Durations: whether to show maturity term duration labels below the chart.
• Offset: amount to offset durations label to be below chart.
█ MISC
Script originally inspired by the US Treasury Yield Curve script by @longfiat but has been completely rewritten and changed.
Stoch/RSI with EMA50 Cross & HHLLA hybrid but simple indicator that plots 4 strategies in one pane .
1) RSI Indicator
2) Stoch RSI
3) EMA50 Cross (To determine direction in current timeframe)
4) Higher Highs & Lower Lows to analyze the trend and break of trend
The relative strength index (RSI) is a momentum indicator used in technical analysis. It is displayed as an oscillator (a line graph) on a scale of zero to 100. When the RSI indicator crosses 30 on the RSI chart, it is a bullish sign and when it crosses 70, it is a bearish sign.
The Stochastic RSI (StochRSI) is also a momentum indicator used in technical analysis. It is displayed as an oscillator (a line graph) on a scale of zero to 100. When the StochRSI indicator crosses 20 on the RSI chart, it is a bullish sign and when it crosses 80, it is a bearish sign.
The EMA50Cross denotes two cases in the script:
a) A crossover of CMP on the EMA50 is highlighted by a green bar signals a possible bullish trend
b) A crossunder of CMP on the EMA50 is highlighted by a red bar signals a possible bearish trend
The HHLL is denoted by mneumonics HH, HL,LH, LL. A combination of HHs and HLs denotes a uptrend while the combination of LLs and LHs denoted a downtrend
The current script should be used in confluence of other trading strategies and not in isolation.
Scenario 1:
If a EMA50Cross over bar (GREEN) is highlighted with the StochRSI below 20 and the given script is plotting HHs and HLs, we are most likely in a bullish trend for the given timeframe and a long can be initiated in confluence with other trading strategies used by the user. The RSI signal may now be utilized to determine a good range of entry/exit.
Scenario 2:
If a EMA50Cross under bar (RED) is highlighted with the StochRSI above 80 and the given script is plotting LLs and LHs, we are most likely in a bearish trend for the given timeframe and a short can be initiated in confluence with other trading strategies used by the user. The RSI signal may now be utilized to determine a good range of entry/exit.
Disclaimer:
The current script should be used in confluence with other trading strategies and not in isolation. The scripts works best on 4H and 1D Timeframes and should be used with caution on lower timeframes.
This indicator is not intended to give exact entry or exit points for a trade but to provide a general idea of the trend & determine a good range for entering or exiting the trade. Please DYOR
Credit & References:
This script uses the default technical analysis reference library provided by PineScript (denoted as ta)
Bitcoin Scalping Strategy (Sampled with: PMARP+MADRID MA RIBBON)
DISCLAIMER:
THE CONTENT WITHIN THIS STRATEGY IS CREATED FROM TWO INDICATORS CREATED BY TWO PINESCRIPTER'S. THE STRATEGY WAS EXECUTED BY MYSELF AND REVERSE-ENGINEERED TO MEET THE CONDITIONS OF THE INTENDED STRATEGY REQUESTOR. I DO NOT TAKE CREDIT FOR THE CONTENT WITHIN THE ESTABLISHED LINES MADE CLEAR BY MYSELF.
The Sampled Scripts and creators:
PMAR/PMARP by @The_Caretaker Link to original script:
Madrid MA RIBBON BAR by @Madrid Link to original script:
Cheat Code's strategy notes:
This sampled strategy (Requested by @elemy_eth) is one combining previously created studies. I reverse-engineered the local scope for the Madrid moving average color plots and set entry and exit conditions for certain criteria met. This strategy is meant to deliver an extremely high hit rate on a daily time frame. This is made possible because of the very low take profit percentage, during the context of a macro downtrend it is made easier to hit 1-3% scalps which is made visible with the strategy using sampled scripts I created here.
How it works:
Entry Conditions:
-Enter Long's if the lime color conditions are met true using the script detailed by Marid's MA
- No re-entry into positions needs to be met true (this prevents pyramiding of orders due to conditions being met true) applicable to both long and short side entries.
- To increase hit rate and prevent traps both the parameters of rsi being sub 80 and no previously engulfing candles need to be met true to enter a long position.
- Enter Short's if the red color conditions of Madrid's moving average are met true.
- Closing Long positions are typically not met within this indicator, however, it still sometimes triggers if necessary. This consists of a pmarp sub 99 and a position size greater than 0.0
- Closing Short positions are typically not met within this indicator, however, it still sometimes triggers if necessary. This consists of a pmarp over 01 and a position size less than 0.0
- Stop Loss: 27.75% Take Profit: 1% (Which does not trigger on ticks over 1% so you will see average trade profits greater than 1%)
BYBIT:BTCUSDT BINANCE:BTCUSDT COINBASE:BTCUSD
Best Of Luck :)
-CheatCode1
Squeeze Momentum Strategy [LazyBear] Buy Sell TP SL Alerts-Modified version of Squeeze Momentum Indicator by @LazyBear.
-Converted to version 5,
-Taken inspiration from @KivancOzbilgic for its buy sell calculations,
-Used @Bunghole strategy template with Take Profit, Stop Loss and Enable/Disable Toggles
-Added Custom Date Backtesting Module
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All credit goes to above
Problem with original version:
The original Squeeze Momentum Strategy did not have buy sell signals and there was alot of confusion as to when to enter and exit.
There was no proper strategy that would allow backtesting on which further analysis could be carried out.
There are 3 aspects this strategy:
1 ) Strategy Logic (easily toggleable from the dropdown menu from strategy settings)
- LazyBear (I have made this simple by using Kivanc technique of Momentums Moving Average Crossover, BUY when MA cross above signal line, SELL when crossdown signal line)
- Zero Crossover Line (BUY signal when crossover zero line, and SELL crossdown zero line)
2) Long Short TP and SL
- In strategies there is usually only 1 SL and 1 TP, and it is assumed that if a 2% SL giving a good profit %, then it would be best for both long and short. However this is not the case for many. Many markets/pairs, go down with much more speed then they go up with. Hence once we have a profitable backtesting setting, then we should start optimizing Long and Short SL's seperately. Once that is done, we should start optimizing for Long and Short TP's separately, starting with Longs first in both cases.
3) Enable and Disable Toggles of Long and Short Trades
- Many markets dont allow short trades, or are not suitable for short trades. In this case it would be much more feasible to disable "Short" Trading and see results of Long Only as a built in graphic view of backtestor provides a more easy to understand data feed as compared to the performance summary in which you have to review long and short profitability separately.
4) Custom Data Backtesting
- One of most crucial aspects while optimizing for backtesting is to check a strategies performance on uptrends, downtrend and sideways markets seperately as to understand the weak points of strategy.
- Once you enable custom date backtesting, you will see lines on the chart which can be dragged left right based on where you want to start and end the backtesting from and to.
Note:
- Not a financial advise
- Open to feedback, questions, improvements, errors etc.
- More info on how the squeeze momentum works visit LazyBear indicator link:
Happy Trading!
Cheers
M Tahreem Alam @mtahreemalam
TrapLightTrap Light is built off the stochastic RSI to provide convenience and make your entries while scalping either long/short more straightforward.
Notes/Disclaimer:
This indicator is not guaranteed to work every time. Use it at your own discretion and perform your own due diligence. None of this is financial advice.
The main idea behind this is that when the stochastic RSI reaches such extremes that it often moves in a favorable direction.
K = momentum or the blue line of the stochastic RSI indicator.
Perks:
Don't have to look away from candlesticks and measure stochastic RSI's K level.
Simple visual indication of what to do.
Don't have to stare at your chart all day waiting for things to get exciting.
How to Use:
(Above the current candlestick on any timeframe)
1. When K is greater than or equal to 99.5, it shows a sell signal. This is to indicate a short entry.
2. When K is less than or equal to 0.5, it shows a buy signal. This is to indicate a long entry.
3. If neither the conditions for a short/long entry are present, it shows a circle that is like a traffic light.
Red Light: When K is between 99.5 and 95, a red circle is shown to indicate that a short entry may be available soon.
Yellow Light: When K is between 95 and 5, a yellow circle is shown to indicate that neither a long nor short entry may be available soon.
Green Light: When K is between 5 and 0.5, a green circle is shown to indicate that a long entry may be available soon.
Alerts:
Set an alert on the ticker you trade to notify you when either the green or red light is present so that you have time to prepare to make an entry either long/short.
The Code:
The PineScript is open-source and annotated to explain different parts of the script for ease of understanding.
@Credit to Kingson1 for this strategy and his feedback on its creation/implementation.
Strategy BackTest Display Statistics - TraderHalaiThis script was born out of my quest to be able to display strategy back test statistics on charts to allow for easier backtesting on devices that do not natively support backtest engine (such as mobile phones, when I am backtesting from away from my computer). There are already a few good ones on TradingView, but most / many are too complicated for my needs.
Found an excellent display backtest engine by 'The Art of Trading'. This script is a snippet of his hard work, with some very minor tweaks and changes. Much respect to the original author.
Full credit to the original author of this script. It can be found here: www.tradingview.com
I decided to modify the script by simplifying it down and make it easier to integrate into existing strategies, using simple copy and paste, by relying on existing tradingview strategy backtester inputs. I have also added 3 additional performance metrics:
- Max Run Up
- Average Win per trade
- Average Loss per trade
As this is a work in progress, I will look to add in more performance metrics in future, as I further develop this script.
Feel free to use this display panel in your scripts and strategies.
Thanks and enjoy :)
Vegas TunnelThis indicator is based on the "Vegas Tunnel" system from FTMO, please check out their site here for some good documentation: ftmo.com
I give FTMO full credit for this indicator, all I did here was make it easy to throw it up on a chart.
Personally, I've had some success trading with this method. I encourage doing some back and forward testing to see if it is something that would fit your trading style.
Easy Scalping by JayKasunBINANCE:BTCUSDTPERP
This indicator can show stochastic RSI K and D line crosses and some candlestick patterns on chart.
You can use this indicator to scalping, check usage for more info. Always backtest before trading with your real money.
This indicator will also help mobile TradingView users to get an idea when getting stochastic RSI signals, they can use this indicator to check if stochastic RSI K and D crossed or not. ( Because they have limited area to view chart ) .
4 Exponential moving averages are there in the indicator with easy enable disable option. 9 , 21 , 55 , 100 is suggested as default values.
Meanings of signs in chart
Blue triangle bellow candle means it's a stochastic RSI K and D line cross in oversold level
Red triangle above candle means it's a stochastic RSI K and D line cross in overbought level
Green plus sign shows when EMA 50 crossover EMA 100
Red plus sign shows when EMA 50 cross bellow EMA 100
Features
You can enable candlestick pattern displaying when stochastic RSI K and D cross happen. Check indicator settings.
You can enable displaying ATR Trailing Stops in indicator settings.
Indicator will only show blue triangle after Green plus sign and Red triangles after Red plus sign
After you enable candlestick pattern option, stochastic RSI crosses with candlestick patterns will show in deferent colors. Blue triangle will turn into green and Red triangle into pink.
Usage
Use lower time frames like 5m or 15m
After green plus sign, if price retouched 21 EMA or 55 EMA and blue triangle appeared , you can enter a long position.
After red plus sign, if price retouched 21 EMA or 55 EMA and red triangle appeared , you can enter a short position.
Always wait for candle close . signs of chart can be changed when candle closing. ( Does repaint until candle close )
Use ATR trailing to get a stop loss price.
Use 1:1 or 1:0.5 Risk Reward ratio. Because it's scalping and lower time frame.
Use more indicators like RSI to get more confirmations ( like divergences ) before entering a trade. Its more reliable.
Candlestick Patterns Short names
H - Hammer
IH -Inverted Hammer
BE - Bullish Engulfing ( green triangle )
BE - Bearish Engulfing ( pink triangle )
BH - Bullish Harami ( green triangle )
BH - Bearish Harami ( pink triangle )
I have included ATR + Trailing Stops by SimpleCryptoLife and Candlestick Patterns Identified (updated 3/11/15) by repo32
this is a combination of multiple indicators
credit goes to original creators of above indicators
