Bull Call Spread Entry StrategyThis strategy script uses the "Spread Entry Strength" overlay indicator script I designed to show entry timing optimized for an Option Bull
Call Spread.
As for this strategy...
The defaults for the strategy itself are as follows:
Period for strategy: 1/1/18 to 12/1/2021. This can be changed to a different period using the settings.
Condition for entry:
Bull Spread Entry Strength >= "Overlay Signal Strength Level"
Limit entry is used, price must be <= close when signaled
Entry occurs by next day or the order is cancelled
Condition for exit (uses a timed exit):
Bars passed since order entry >= 30 (6 weeks..~42 calendar days)
Thursday (day before "option" expiration date... assuming weekly options exist)
All of the user settings from the overlay are pulled into this for customization purposes. Details of the actual Spread Entry Strength overlay are as follows (copied from my shared indicator):
2 background shadings will occur:
The background will shade blue if the ticker is prime for a Bullish Call spread.
The background will shade purple if the the ticker is prime for a Bearish Put spread.
In theory, if the SE Strength is at one of the extremes of the Bear or Bull side, then a spread is prime for entry.
To calculate this, 8 conditions receive a 1 or zero dependent on whether the condition is true (1) or false (0), and then all of those are summed. The primary gist of the strength comes from Nishant's book, or my interpretation thereof, with some additives that limits what I need to review (such as condition 8 below.)
The 8 Bull Conditions are:
1) Bollinger Bands are outside of the Keltner Channels
2) ADX is trending up
3) RSI is trending up
4) -DI is trending down
5) RSI is under 30
6) Price is below the lower Keltner Channel
7) Price is between the lower Bollinger Band and the Bollinger basis.
8) Price at one point within the last 5 bars was below the lower Bollinger Band
The 8 Bear Conditions are the inverse conditions (except the first):
1) Bollinger Bands are outside of the Keltner Channels
2) ADX is trending down
3) RSI is trending down
4) +DI is trending up
5) RSI is over 70
6) Price is above the upper Keltner Channel
7) Price is between the upper Bollinger Band and the Bollinger basis.
8) Price at one point within the last 5 bars was above the upper Bollinger Band
There is a "market noise" filter that will filter out shading when another market move is considered, i.e. if you don't want to see the potential trade when QQQ moves more than 1% then do the following in the settings:
Check "Market Filter"
Enter QQQ in the "Market Ticker To Use"
Enter 1 in the "Market Too Hot Level"
Press Ok
Obviously, the same holds true for the "Market Too Cool Filter."
Second release notes:
Overlay Signal Strength Level - You can set your own "level" for the overlay in the settings, instead of having to change the script code itself. I have the default set to 6. A lower number shows more overlays, a higher number shows fewer (i.e. more conditions have been met.).
Provide Narrative (Troubleshooting) - Narrative label created with several outputs that will show after the last bar. This narrative needs to be turned on in the settings, as the default is "off" ... unchecked.
Remove Strength Indicator When Squeezed - when checked no overlays will be produced regardless of "scoring." Default is off.
Show Squeezes (Will Override Indicator When Concurrent) - overlays an orange background when the ticker is in a squeeze. I am still working on the accuracy here, but it's usable. This will override the strength indicator as well. This needs to be turned on, if you want it.
Short SMA Period - period used to calculate the short SMA, used in the narrative only, at this point in time.
Medium SMA Period - period used to calculate the medium SMA, used in the narrative only, at this point in time.
Long SMA Period - period used to calculate the medium SMA, used in the narrative only, at this point in time.
Outside of the settings... a few calculation adjustments here and there have occurred and some color shading adjustments to allow for the adjustable level setting.
Tìm kiếm tập lệnh với "文华财经tick价格"
Examples of Rolling Average Using Automated AnchoringIn this study, I present a method to expose NaN values to development environment.
This exposure allows NaN values to be used by methods in scripts.
I also show how to use values, even NaN values, as anchors from which statistics can be computed from.
I demonstrate how to do this with constants and variables in methods for computing the cumulative/rolling average of a series.
I also show how to calculate the cumulative/rolling average from the start of a ticker series using the aforementioned methods.
Each method has a description on how some of their parts work as well as their constraints.
Method #1 - Can only be used for computing the rolling average on the ticker series.
Method #2 - The simple moving average from the Pine Script reference.
- Can be used to calculate the rolling average of the ticker series and number values of a series.
- This method seems to cause an error when there are many bars in the series.
Method #3 - The most versatile method due to the use of computing the rolling average using an array.
- Timeout will occur when computing the rolling average of an entire ticker series which is long.
- Timeout has not occurred when computing a rolling average of a series from NaN or non-NaN anchor points even when the series is long.
This is an attempt to get around the constraints of the built-in sma(source, length) function in which length cannot be dynamically adjusted.
Other Pine Script functions have that constraint which we can get around by defining our own functions.
Spread Entry StrengthThis is an overlay indicator showing a strong potential for entry into an option spread trade.
2 background shadings will occur:
The background will shade blue if the ticker is prime for a Bullish Call spread.
The background will shade purple if the the ticker is prime for a Bearish Put spread.
In theory, if the SE Strength is at one of the extremes of the Bear or Bull side, then a spread is prime for entry.
To calculate this, 8 conditions receive a 1 or zero dependent on whether the condition is true (1) or false (0), and then all of those are summed. The primary gist of the strength comes from Nishant's book, or my interpretation thereof, with some additives that limits what I need to review (such as condition 8 below.)
The 8 Bull Conditions are:
1) Bollinger Bands are outside of the Keltner Channels
2) ADX is trending up
3) RSI is trending up
4) -DI is trending down
5) RSI is under 30
6) Price is below the lower Keltner Channel
7) Price is between the lower Bollinger Band and the Bollinger basis.
8) Price at one point within the last 5 bars was below the lower Bollinger Band
The 8 Bear Conditions are the inverse conditions (except the first):
1) Bollinger Bands are outside of the Keltner Channels
2) ADX is trending down
3) RSI is trending down
4) +DI is trending up
5) RSI is over 70
6) Price is above the upper Keltner Channel
7) Price is between the upper Bollinger Band and the Bollinger basis.
8) Price at one point within the last 5 bars was above the upper Bollinger Band
There is a "market noise" filter that will filter out shading when another market move is considered, i.e. if you don't want to see the potential trade when QQQ moves more than 1% then do the following in the settings:
Check "Market Filter"
Enter QQQ in the "Market Ticker To Use"
Enter 1 in the "Market Too Hot Level"
Press Ok
Obviously, the same holds true for the "Market Too Cool Filter."
Arbitrage BR STOCK / USA STOCKThis Indicator was made to show the BRL difference between an Stock in Brazil's B3 and it's respective ADR traded in the USA.
By default, it will show the spread between PETR4 and it's ADR PBR.A using the USD-BRL pair from Forex.
You can personalize this indicator to any Stock of your preference, and also change to any USD-BRL pair negotiated that you want. You'll have the following options to do so:
B3's Stock Ticker -> Ticker negotiated at B3.
USA's Stock Ticker -> The respective ADR of the first option.
ADR's Multiplicative Factor -> How many B3's Stocks are equivallent to the USA Stock (found at the name of the ADR on Trade View).
BRL/USD Market of Preference -> Which market you want to use to transform the price of the ADR from USD to BRL.
Dollar Divisor -> The BRL must be equivallent to 1 Dollar for the script to work. So, if you want to use a USD/BRL market that does not represent this relation, you must divide it by some number to do so. For example, if you want to use B3's DOLFUT, than you must set this parameter to 1000 (because the points show at B3's DOLFUT are the amount of BRL equivallent to 1000 Dollars). Also, if you are using a market that trades Dollar equivalent to 1 BRL (Globex's 6LFUT, for example), then set this parameter to 0.
Timeframe -> Recommended to be the same of the chart to better visualisation.
Data structure map[string, float]The script shows a workaround for map in pine-script via drawings.
There are few restrictions with them:
1. The size of the map cannot be more that amount of allowed drawings (about 40 by now)
2. Because the map shares the space of drawings throughout the whole script, using drawings with the map must be careful, with handly creating and removing of each drawing, because otherwise pine's garbage collector might break the stack. I'd recommend not using more drawings with the map.
3. setters and getters must be called on every bar, because of implementation of functions in pine there are inner serieses, which must be updated on every bar. So wherever you have a setter or getter in the code - it must be called on every bar. But if it's just an update, then you should pass 'false' as a param of the funtion.
The script shows a way to work with the map: filling it with some tickers and values for each of it and then plot the value if the symbol on the chart equals to one of the tickers in the map.
And there are some examples of updating of the value and removing of the item from the map.
Elder ray ( Bull power and bear power combined )Elder-ray is an indicator named for its similarity to x-rays.
It shows the structure of bullish and bearish
power below the surface of the markets. Elder-ray combines a trend-
following moving average with two oscillators to show when to enter
and exit long or short positions.
A moving average reflects the average consensus of value. The high of
each bar reflects the maximum power of bulls during that bar. The low of
each bar marks the maximum power of bears during that bar.
Elder-ray works by comparing the power of bulls and bears during each
bar with the average consensus of value. Bull Power reflects the maximum
power of bulls relative to the average consensus, and Bear Power the max-
imum power of bears relative to that consensus.
When the high of a bar is above the EMA, Bull Power is positive. When
the entire bar sinks below the EMA, which happens during severe de-
clines, Bull Power becomes negative. When the low of a bar is below the
EMA, Bear Power is negative. When the entire bar rises above the EMA,
which happens during wild rallies, Bear Power becomes positive.
The slope of a moving average identifies the current trend of the mar-
ket. When it rises, it shows that the crowd is becoming more bullish; it is
a good time to be long. When it falls, it shows that the crowd is becoming
more bearish; it is a good time to be short. Prices keep getting away from
a moving average but snap back to it, as if pulled by a rubber band. Bull
Power and Bear Power show the length of that rubber band. Knowing the
“Buy low, sell high” sounds good, but traders and investors seem to have
been more comfortable buying Lucent above 70 than below 7. Perhaps they
are not as rational as the efficient market theorists would like us to believe?
Elder-ray gives rational traders a glimpse into what is going on below the sur-
face of the market.
When the trend, identified by the 22-day EMA, is down and bulls are
under water, the rallies back to the surface mark shorting opportunities
normal height of Bull or Bear Power reveals how far prices are likely to get
away from their moving average before returning. Elder-ray offers one of
the best insights into where to take profits—at a distance away from the
moving average that equals the average Bull Power or Bear Power.
Elder-ray gives buy signals in uptrends when Bear Power turns nega-
tive and then ticks up. A negative Bear Power means that the bar is strad-
dling the EMA, with its low below the average consensus of value. Waiting
for Bear Power to turn negative forces you to buy value rather than chase
runaway moves. The actual buy signal is given by an uptick of Bear Power,
which shows that bears are starting to lose their grip and the uptrend is
about to resume. Take profits at the upper channel line or when a trend-
following indicator stops rising. Profits may be greater if you ride the
uptrend to its conclusion, but taking profits at the upper channel line is
more reliable.
Elder-ray gives shorting signals in downtrends when Bull Power turns
positive and then ticks down. We can identify the downtrend by a declin-
ing daily or weekly EMA. A positive Bull Power shows that the bar is strad-
dling the EMA, with its high above the average consensus of value.
Waiting for Bull Power to turn positive before shorting forces you to sell
at or above value instead of chasing waterfall declines. The actual short-
ing signal is given by a downtick of Bull Power, which shows that bulls
are starting to slip and the downtrend is about to resume. Once short, take
profits at the lower channel line or when the trend-following indicator
stops falling, depending on your style.
FREE TRADINGVIEW FOR TIMEFRAMESWhen doing i.e the 3 minute timeframe turn on the closest timeframe available for you or the candles and wicks will be fucked up.
So if you're doing the 5 hour timeframe candles turn on the 4hr chart on your main chart.
To View the candles in full screen double click the windows with the candlesticks
If you don't have TradingView premium and want to look at custom timeframes you can use this.
For the ticker/coin/pair you want to show enter it like this:
For stocks, only the ticker i.e: MSFT, APPL
For Crypto, "Exchange:ticker" i.e: BITFINEX:BTCUSD, BINANCE:AGIBTC, BITMEX:ADAM19
When setting up the timeframe write i.e:
For minutes/hourly: 5, 240 (4 hour), 360 (6 hour)
For daily/weekly/monthly: 1D, 2W, 3M
When doing i.e the 3 minute timeframe turn on the closest timeframe available for you or the candles and wicks will be fucked up.
So if you're doing the 5 hour timeframe candles turn on the 4hr chart on your main chart.
RSI MTF by PeterOThis is my take on reaching Higher TimeFrame charts, what is usually helpful when determining the trend. On the example of RSI.
So imagine you want to check RSI from higher timeframe. 15x higher for example. There are 3 ways to do it.
1. security(tickerid,"15",rsi(close,14))
DON'T!!! I strongly advise against this method. Security() function is buggy in PineScript, leads to so-called "repainting" issues. Repainting is caused by creating leak from future data and leads to abnormally fantastic strategy backtest results like the one in Open Close Cross Strategy. Theoretically speaking if security() used correctly - with Pine version3 and barmerge.lookahead_off - you should encounter no repainting, but I could swear I saw scripts repaint even with security() implemented properly.
Even assuming security() implemented correctly will not repaint - it will create delay in your script. I'm using "15" multiplier in my example, and this means, I have to wait for 15 candles to close to produce indicators value. If a strong move happens in the meantime, I'm blind, because I have to wait anyway.
So for your own security, stay away from security() at all times.
2. rsi(close,14*15)
This will produce RSI plot with no delay, but a very flattened one. RSI will move between 45 and 45, never even reaching 30 or 70 levels. So pretty useless.
3. Dig-in-the-formula way.
Doing a bit more math produces RSI line, which is not delayed, not repainting and moving in full 0-100 RSI range. Actually - looking almost identical to the one from the higher timeframe. Which was the goal of this script.
Godmode 4.0.2 [Supply/Demand]First off, a huge thank you to the following people:
LEGION:
LazyBear: www.tradingview.com
xSilas: www.tradingview.com
Ni6HTH4awK: www.tradingview.com
sco77m4r7and:
SNOW_CITY: www.tradingview.com
oh92: www.tradingview.com
alexgrover: www.tradingview.com
cI8DH: www.tradingview.com
DonovanWall: www.tradingview.com
shtcoinr: www.tradingview.com
This is the third iteration of Godmode. This time I borrowed the method used by shtcoinr to render supply/demand, resistance and support zones. The idea here is to input the appropriate benchmark tickerid to the asset class you're trading and to paint zones according to the price activity of the selected tickerid. This works very well trying to paint meaningful zones against noisy stocks, currencies, commodities etc. Use a correlation coefficient to determine the best benchmark for your asset class.
Want to Learn?
If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com
The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources.
Suggestions or Questions?
Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
Heikin Ashi AlgorithmThis indicator can be added on any type of chart (including Heikin Ashi chart). There is a little trick with the tickerid, read details in comments.
Relative Estimated Price REP by KIVANÇ fr3762Relative Estimated Price (REP) Indicator shows the estimated price calculated if the tickerid made the same value changes (in %) during a certain period.
The default value of the lookback period is 50.
In the given XRPUSD chart you can see that XRPUSD has a value of 0.26480 and the RPC indicator shows the value of 0.38099.
This means that XRP would be 0.38099USD if it was fully made the same percentage moves with BTC , we can say that XRP is RELATIVELY cheap according to BTC price moves.
Conversely XRP would be RELATIVELY expensive if the last value of REP was lower then current XRP price.
users can choose the relative base price in calculation of REP between 1-5 which are:
1=BTCUSD, 2=ETHUSD, 3=EURTRY(Euro/Turkish Lira), 4=USDTRY (Dollar/Turkish Lira), 5=BIST100 (Istanbul Stock Exchange)
I personally advise you to use this indicator for daily charts in Tradingview to have more accurate estimated prices because of the website's calculation.
Developed by KIVANÇ
Mayer Multiple @ Current PriceThough this script is by me, the original idea comes from a podcast I heard where Trace Mayer talks about how he does crypto valuation. It is based on current price against the 200 day moving average. This indicator script will simply plot that value as a label overlayed on your trading view chart. Best long term results occur when acquiring BTC when the multiple is 2.4 or less. For more info, google "mayer multiple" This script/indicator is strictly for educational purposes. It is not exclusive to bitcoin.
To get the best look out of your charts I make the following changes.
1.Apply the indicator to your chart.
2. In the tools palette of trading view, when looking at a chart, click "Show Objects Tree" the icon displayed above the trash can.
In the objects tree panel, click the preferences icon for "Mayer Multiple @ Current Price"
Switch "scale" to "scale Left"
3. Then for your chart preferences (right click on chart background and select "Properties", and be sure the following are checked on the "Scales" tab
Left Axis
Right Axis
Indicator Last Value
Indicator Labels
Screenshots are not allowed in this view, so I can't post screenshots, but the view above is what it should look like when you are done.
For anyone who wants to see the code, here is the code of the script:
Use at will, and at your own risk.
//@version=3
// Created By Timothy Luce, inspired by Trace Mayer's 200 Day SMA cryptocurrency valuation method
study("Mayer Multiple @ Current Price", overlay=true)
currentPrice = close
currentDay = security(tickerid, "D", sma(close, 200))
mayerMultiple = currentPrice/currentDay
plot(mayerMultiple, color=#00ffaa, transp=100)
If you want to change the color, change this line: #00ffaa
Accumulation/Distribution Percentage (ADP) [Cyrus c|:D]Accumulation/Distribution Percentage ( ADP ) is used to measure money flow similar to Chaikin Money Flow ( CMF ) and Money Flow. It is the range-bound version of my previous indicator ADMF. This indicator can be used for analyzing momentum, buy/sell pressure, and overbought/oversold conditions. I believe that this indicator is more accurate than CMF and MFI (I will publish a TA about it one day!).
What to look for:
- When this indicator moves up, it means buy pressure is increasing and the other way around for sell pressure. Crossing 0 means that trend has changed in the given period (it is best to look for confirmation of buy/sell pressure in larger TFs)
- Overbought above 40 and oversold below -40 (these numbers vary depending on the security. Look for historical levels to determine overbought and oversold conditions of each security)
- Regular divergence shows that momentum of a trend is declining. Hidden divergence implies continuation of a trend. The non-bound mode should be more accurate for identifying divergence.
- Failure swings can detect potential reversals.
Please read Relative Strength Index and Money Flow for more information and similar disclaimers.
Recommendations:
- hlc3 (AKA typical price) as input source might be better than "close" as it captures more information. If you use hlc3 as a source, then change the chart type to line and set hlc3 as the source for identifying divergence.
- Use hybrid tickers e.g.(BITFINEX:BTCUSD+COINBASE:BTCUSD+BITSTAMP:BTCUSD)/3. Volume-based indicators are susceptible to wash trading/volume printing and hybrid tickers mitigate this issue.
- In non-bound mode, small TFs with longer length should be more accurate than larger TFs with standard length (same is true for many other indicators)
Background:
I have developed 4 indicators based on a simple but elegant concept of A/D ratio. A/D ratio is equal to (current close - previous close)/True Range (when there are no price gaps, True Range = High - Low)
1) What you see on ADV indicator as darker green and red is equal to A/D ratio x volume.
2) ADL indicator shows the summation of ADV
3) ADMF (or ADP in non-bound mode) shows Moving Average of ADV
4) ADP shows relative accumulation strength which is calculated as RMA (accumulations)/RMA(accumulation + distribution). ADP equation is based on RSI equation which is RMA(gains)/RMA(gains + losses). That is why these two indicators look quite similar.
PS: Please leave a like if you find these indicators useful. I am working on improvements on these and other indicators. I am trying my best to keep them as simple as possible. Please let me know in the comments if you want me to make future indicators even simpler.
--------
Complementary indicators based on the same concept:
ADL: a replacement for Chaikin's Accum/Dist, On Balance Volume, and Price Volume Trend
ADV: a replacement for regular volume indicator
ADP also has a scaled RSI and ADMF built in (ie ADMF is obsolete).
CMYK XIAM OPEN◊ Introduction
This is project XIAM, a work in progress.
Recently i came across the repainting problem.
Since then i haven't seen any bot-code that makes > 5% profit in two weeks with 0.25% fees/trade.
People who make good bots either bluff or don't share the code.
they let you rent it.
I aim to understand, learn it, write it myself. And share my findings with whoever shares with me.
◊ Origin
Based on RMI (RSI with momentum) and SMA, and values derived from those.
◊ Usage
Currently an investigative script.
◊ Theoretical Approaches
Philosophy α :: Cleansignal
:: Cleaning up the signal, from irregularities that cause unpredictable results.
Merging available tickers of a pair into one.
Merging available tickers of different coins into one in the correct proportion. (eg. Crypto market cap)
Removing Jitter, and smoothing signal without delay.
Philosophy β :: Rythmic
:: Syncing into the rythm's, to never miss the que, and trade on every theoretical low/high
Searching Amplitude, Period, Phase Shift, Frequency's of the carrier waves.
Marking Acrivity/inactivity of the carrier waves.
Partial Fractal repetition asses-able with above data?
Philosophy γ :: consequential
:: Seeking for Indicatory events and causal relations
Probability / reward.
Confirmation and culmination.
...
◊ Community
Wanna share your findings ? or need help resolving a problem ?
CMYK :: discord.gg
AUTOTVIEW :: discordapp.com
BTC CorrelationA simple script to display how correlated the current ticker is to Bitcoin.
Inputs are the number of bars to check correlation for (default 10) and the the ticker to use for BTC comparison (default is BITFINEX:BTCUSD)
Values of 1 are highly correlated (i.e. bitcoin moves up, so does your current ticker), values of -1 are inversely correlated (i.e. bitcoin moves up, your current ticker moves down).
See: www.babypips.com for some more details on correlation
Price relation viewer - add percent change of two symbols (BETA)This script is very much beta!
This is a simple script to visualize how two symbols move in relation to each other. For example if the underlying symbol is a 2x Gold ETF (meaning the ticker moves at 2x the spot price of gold---if gold goes up 3% this ticker should go up 6%) and the comparison symbol is an 2x inverse gold ETF (at gold up 3% this should move down 6%). If these ETFs were 100% accurate at tracking the price of gold then this tool would report a value of zero at all times.
Day 1
Ticker - $10
Comparison - $10
Day 2
Ticker - $12
Comp - $11
This tool value - |20%| + -|10%| = 10%
It uses a short simple moving average to smooth things out a bit (see inputs). It is important to keep your axis scale in mind when using this! Two symbols that are always near zero mean they are offsetting each other very well but the value displayed might range from 0 to 0.005, but the graphed area can make it look extreme if autoscaled.
This is a tool with very specific uses : comparing how one digital currency moves in relation to bitcoin's price, comparing how gold moves in relation to silver, etc.
Multi-Timeframe VWAPShows the Daily, Weekly, Monthly, Quarterly, and Yearly VWAP.
Also shows the previous closing VWAP, which is usually very near the HLC3 standard pivot for the previous time frame. i.e. The previous daily VWAP closing price is usually near the current Daily Pivot. Tickers interact well with the previous Daily and Weekly closing VWAP.
Enabling the STDEV bands shows 3 separate standard deviation levels, defaulted at 1, 2, and 3. The lookback period for the bands is always changing with each new bar, since the standard deviation is calculated from the current bar to the beginning of the period. This is different from bollinger bands, as the lookback is constant (usually 20 periods is the textbook default).
The STDEV bands interval of interest can be changed from Day (D), Week (W), Month (M), Quarter (Q), Year (Y).
Tickers tend to bounce very well on Daily, Weekly, and Yearly VWAP (Yes... Year). Use this code and observe the Year VWAP on several major symbols through the past few years and eyes will be opened.
Free Strategy #08 (Combo of #01 and #02) (ES / SPY)This strategy was designed to be traded on daily data on the ES and SPY—the strategy was originally developed for NinjaTrader, which displays daily ES data based on RTH hours instead of 24 hours (1440 minute) like TradingView does, so we are presenting the results on the SPY until we figure out how to overcome this hurdle.
The strategy combines the two ideas from strategy #01 and strategy #02 .
Strategy #08
Quantity 100
Slippage: 2 ticks
Commission: 4.95 per order
Net Profit: 26,044.60
Max Drawdown: 3,947.60
Buy and Hold (Custom)
Quantity 100
Slippage: 2 ticks
Commission: 4.95 per order
Entry Long: 1993-02-01 @ 43.99
Exit Long: 2017-07-28 @ 246.34
Net Profit: 20,225.10
Max Drawdown: 9,042.00
Free Strategy #02 (ES / SPY)This strategy was designed to be traded on daily data on the ES and SPY—the strategy was originally developed for NinjaTrader, which displays daily ES data based on RTH hours instead of 24 hours (1440 minute) like TradingView does, so we are presenting the results on the SPY until we figure out how to overcome this hurdle.
Strategy #02
Quantity 100
Slippage: 2 ticks
Commission: 4.95 per order
Net Profit: 10,118.30
Max Drawdown: 4.037.60
Buy and Hold (Custom)
Quantity 100
Slippage: 2 ticks
Commission: 4.95 per order
Entry Long: 1993-02-01 @ 43.99
Exit Long: 2017-07-28 @ 246.34
Net Profit: 20,225.10
Max Drawdown: 9,042.00
True Strength Indicator MTFHere is an example of a script showing a multi-time frame of TSI.
Chart below compares FX EURUSD Daily TSI to 1H TSI
Here is an updated version
study("True Strength Indicator MTF", shorttitle="TSI MTF")
resCustom = input(title="Timeframe", type=resolution, defval="60" )
long = input(title="Long Length", type=integer, defval=25)
short = input(title="Short Length", type=integer, defval=13)
signal = input(title="Signal Length", type=integer, defval=13)
price = close
double_smooth(src, long, short) =>
fist_smooth = ema(src, long)
ema(fist_smooth, short)
pc = change(price)
double_smoothed_pc = double_smooth(pc, long, short)
double_smoothed_abs_pc = double_smooth(abs(pc), long, short)
tsi_value = 100 * (double_smoothed_pc / double_smoothed_abs_pc)
tsi = security(tickerid, resCustom,tsi_value)
plot(tsi, color=black)
plot(ema(tsi, signal), color=red)
hline(0, title="Zero")
RCV Essentials════════════════════════════════════════════
RCV ESSENTIALS - MULTI-TIMEFRAME & SESSION ANALYSIS TOOL
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📊 WHAT THIS INDICATOR DOES
This professional-grade indicator combines two powerful analysis modules:
1. TRADING SESSION TRACKER - Visualizes high/low ranges for major global market sessions (NY Open, London Open, Asian Session, etc.)
2. MULTI-TIMEFRAME CANDLE DISPLAY - Shows up to 8 higher timeframes simultaneously on your chart (15m, 30m, 1H, 4H, 1D, 1W, 1M, 3M)
════════════════════════════════════════════
🎯 KEY FEATURES
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TRADING SESSIONS MODULE:
✓ Track up to 6 custom trading sessions simultaneously
✓ Real-time high/low range detection during active sessions
✓ Pre-configured for NYO (7-9am), LNO (2-3am), Asian Session (4:30pm-12am)
✓ 60+ global timezone options
✓ Customizable colors, labels, and transparency
✓ Daily divider lines (optional Sunday skip for traditional markets)
✓ Only displays on ≤30m timeframes for optimal clarity
MULTI-TIMEFRAME CANDLES MODULE:
✓ Display 1-8 higher timeframes with up to 10 candles each
✓ Real-time candle updates (non-repainting)
✓ Fully customizable colors (separate bullish/bearish for body/border/wick)
✓ Adjustable candle width, spacing, and positioning
✓ Smart label system (top/bottom/both, aligned or follow candles)
✓ Automatic timeframe validation (only shows TFs higher than chart)
✓ Memory-optimized with automatic cleanup
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🔧 HOW IT WORKS
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TECHNICAL IMPLEMENTATION:
Session Tracking Algorithm:
• Detects session start/end using time() function with timezone support
• Continuously monitors and updates high/low during active session
• Finalizes range when session ends using var persistence
• Draws boxes using real-time bar_index positioning
• Maintains session ranges across multiple days for reference
Multi-Timeframe System:
• Uses ta.change(time()) detection to identify new MTF candle formation
• Constructs candles using custom Type definitions (Candle, CandleSet, Config)
• Stores OHLC data in arrays with automatic size management
• Renders using box objects (bodies) and line objects (wicks)
• Updates current candle every tick; historical candles remain static
• Calculates dynamic positioning based on user settings (offset, spacing, width)
Object-Oriented Architecture:
• Custom Type "Candle" - Stores OHLC values, timestamps, visual elements
• Custom Type "CandleSet" - Manages arrays of candles + settings per timeframe
• Custom Type "Config" - Centralizes all display configuration
• Efficient memory management via unshift() for new candles, pop() for old
Performance Optimizations:
• var declarations minimize recalculation overhead
• Conditional execution (sessions only on short timeframes)
• Maximum display limits prevent excessive object creation
• Timeframe validation at barstate.isfirst reduces redundant checks
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📈 HOW TO USE
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SETUP:
1. Add indicator to chart (works best on 1m-30m timeframes)
2. Open Settings → "Trading Sessions" group
- Enable desired sessions (NYO, LNO, AS, or custom)
- Select your timezone from 60+ options
- Adjust colors and transparency
3. Open Settings → "Multi-TF Candles" group
- Enable timeframes (TF1-TF8)
- Configure each timeframe and display count
- Customize colors and layout
READING THE CHART:
• Session boxes show high/low ranges during active sessions
• MTF candles display to the right of current price
• Labels identify each timeframe (15m, 1H, 4H, etc.)
• Real-time updates on the most recent MTF candle
TRADING APPLICATIONS:
Session Breakout Strategy:
→ Identify session high/low (e.g., Asian session 16:30-00:00)
→ Wait for break above/below range
→ Confirm with higher timeframe candle close
→ Enter in breakout direction, stop at opposite side of range
Multi-Timeframe Confirmation:
→ Spot setup on primary chart (e.g., 5m)
→ Verify 15m, 1H, 4H candles align with trade direction
→ Only take trades where higher TFs confirm
→ Exit when higher TF candles show reversal
Combined Session + MTF:
→ Asian session establishes range overnight
→ London Open breaks Asian high
→ Confirm with bullish 15m + 1H candles
→ Enter long with stop below Asian high
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🎨 ORIGINALITY & INNOVATION
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What makes this indicator original:
1. INTEGRATED DUAL-MODULE DESIGN
Unlike separate session or MTF indicators, this combines both in a single performance-optimized script, enabling powerful correlation analysis between session behavior and timeframe structure.
2. ADVANCED RENDERING SYSTEM
Uses custom Pine Script v5 Types with dynamic box/line object management instead of basic plot functions. This enables:
• Precise visual control over positioning and spacing
• Real-time updates without repainting
• Efficient memory handling via automatic cleanup
• Support for 8 simultaneous timeframes with independent settings
3. INTELLIGENT SESSION TRACKING
The algorithm continuously recalculates ranges bar-by-bar during active sessions, then preserves the final range. This differs from static zone indicators that simply draw fixed boxes at predefined levels.
4. MODULAR ARCHITECTURE
Custom Type definitions (Candle, CandleSet, Config) create extensible, maintainable code structure while supporting complex multi-timeframe operations with minimal performance impact.
5. PROFESSIONAL FLEXIBILITY
Extensive customization: 6 configurable sessions, 8 timeframe slots, 60+ timezones, granular color/sizing/spacing controls, multiple label positioning modes—adaptable to any market or trading style.
6. SMART VISUAL DESIGN
Automatic timeframe validation, dynamic label alignment options, and intelligent spacing calculations ensure clarity even with multiple timeframes displayed simultaneously.
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⚙️ CONFIGURATION OPTIONS
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TRADING SESSIONS:
• Session 1-6: On/Off toggles
• Time Ranges: Custom start-end times
• Labels: Custom text for each session
• Colors: Individual color per session
• Timezone: 60+ options (Americas, Europe, Asia, Pacific, Africa)
• Range Transparency: 0-100%
• Outline: Optional border
• Label Display: Show/hide session names
• Daily Divider: Dotted lines at day changes
• Skip Sunday: For traditional markets vs 24/7 crypto
MULTI-TF CANDLES:
• Timeframes 1-8: Enable/disable individually
• Timeframe Selection: Any TF (seconds to months)
• Display Count: 1-10 candles per timeframe
• Bullish Colors: Body/Border/Wick (independent)
• Bearish Colors: Body/Border/Wick (independent)
• Candle Width: 1-10+ bars
• Right Margin: 0-200+ bars from edge
• TF Spacing: Gap between timeframe groups
• Label Color: Any color
• Label Size: Tiny/Small/Normal/Large/Huge
• Label Position: Top/Bottom/Both
• Label Alignment: Follow Candles or Align
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📋 TECHNICAL SPECIFICATIONS
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• Pine Script Version: v5
• Chart Overlay: True
• Max Boxes: 500
• Max Lines: 500
• Max Labels: 500
• Max Bars Back: 5000
• Update Frequency: Real-time (every tick)
• Timeframe Compatibility: Chart TF must be lower than selected MTFs
• Session Display: Activates only on ≤30 minute timeframes
• Memory Management: Automatic cleanup via array operations
Mustang Algo - Momentum Trend Zone Backtest🐎 MUSTANG ALGO - Momentum Trend Zone Strategy
A complete trading system combining MACD momentum analysis with visual trend zones, full backtesting capabilities, and advanced risk management tools.
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🔹 OVERVIEW
Mustang Algo transforms traditional MACD analysis into a powerful visual trading system. It instantly identifies market bias through colored background zones and provides clear entry/exit signals with customizable stop loss and take profit management.
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🔹 KEY FEATURES
✅ Visual Trend Zones (Green = Bullish | Red = Bearish)
✅ Clear Buy/Sell Triangles on Chart
✅ Full Backtesting Engine
✅ Multiple Stop Loss Types
✅ Multiple Take Profit Types
✅ Trailing Stop Option
✅ Time Filter for Backtesting
✅ Real-time Info Panel
✅ Customizable Alerts
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🔹 HOW IT WORKS
The strategy uses a smoothed MACD system to detect trend changes:
- MACD Line (White): Fast EMA minus Slow EMA - shows raw momentum
- Signal Line (Yellow): EMA of MACD - shows smoothed trend direction
- Trend Zone: Changes when the smoothed signal line crosses zero
- Entry Signals: Generated at zone transitions
When the trend line crosses above zero → GREEN zone → BUY signal 🔺
When the trend line crosses below zero → RED zone → SELL signal 🔻
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🔹 STOP LOSS OPTIONS
🛑 Percentage: Fixed percentage from entry price
🛑 ATR-Based: Dynamic SL based on market volatility
🛑 Fixed Points: Set number of points/pips
🛑 Swing Low/High: Uses recent swing levels as stops
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🔹 TAKE PROFIT OPTIONS
🎯 Percentage: Fixed percentage target
🎯 ATR-Based: Dynamic TP based on volatility
🎯 Fixed Points: Set number of points/pips
🎯 Risk Reward: Automatic TP based on R:R ratio (e.g., 2:1, 3:1)
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🔹 TRAILING STOP
📈 Percentage-Based: Trail by a fixed percentage
📈 ATR-Based: Trail using ATR multiplier for dynamic adjustment
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🔹 SETTINGS
MACD Parameters:
- Fast Length (default: 12)
- Slow Length (default: 26)
- Signal Length (default: 9)
- Trend Smoothing (default: 5)
Risk Management:
- Enable/Disable Stop Loss
- Enable/Disable Take Profit
- Enable/Disable Trailing Stop
- Customize all SL/TP parameters
Visual Options:
- Show/Hide Buy/Sell Triangles
- Show/Hide SL/TP Lines
- Show/Hide Labels
Time Filter:
- Set Start Date for backtest
- Set End Date for backtest
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🔹 SIGNALS EXPLAINED
🟢 GREEN TRIANGLE (Below Bar):
Bullish zone detected - Consider LONG entry
🔴 RED TRIANGLE (Above Bar):
Bearish zone detected - Consider SHORT entry
🟢 GREEN BACKGROUND:
Currently in bullish trend zone
🔴 RED BACKGROUND:
Currently in bearish trend zone
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🔹 INFO PANEL
The real-time info panel (top right) displays:
- Current Trend Zone status
- MACD value
- Signal Line value
- Active SL Type
- Active TP Type
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🔹 ALERTS
Set up alerts for:
🔔 Buy Signals: "🐎 Mustang Algo: BUY Signal on {ticker} at {price}"
🔔 Sell Signals: "🐎 Mustang Algo: SELL Signal on {ticker} at {price}"
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🔹 BEST PRACTICES
1. Use higher timeframes (1H, 4H, Daily) for more reliable signals
2. Combine with price action and support/resistance levels
3. Adjust ATR multipliers based on asset volatility
4. Use Risk Reward ratio for consistent risk management
5. Backtest on your preferred asset before live trading
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🔹 RECOMMENDED TIMEFRAMES
⏱️ Scalping: 5M, 15M (more signals, more noise)
⏱️ Day Trading: 1H, 4H (balanced signals)
⏱️ Swing Trading: Daily, Weekly (fewer but stronger signals)
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🔹 MARKETS
Works on all markets:
📈 Forex
📈 Crypto
📈 Stocks
📈 Indices
📈 Commodities
📈 Futures
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🐎 RIDE THE TREND WITH MUSTANG ALGO!
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⚠️ DISCLAIMER
This indicator/strategy is for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Always use proper risk management, do your own research, and consider consulting a financial advisor before making any trading decisions. Use at your own risk.
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📝 VERSION HISTORY
v1.0 - Initial Release
- MACD-based trend detection
- Visual trend zones
- Multiple SL/TP options
- Full backtesting support
- Trailing stop functionality
- Time filter
- Info panel
- Alert system
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💬 FEEDBACK
If you find this strategy useful, please leave a comment or suggestion!
Your feedback helps improve future updates.
🐎 Happy Trading!
Delta Force Index - DFI [TCMaster]This indicator provides a proxy measurement of hidden buying and selling pressure inside each candle by combining tick volume with candle direction. It calculates a simulated delta volume (buy vs. sell imbalance), applies customizable scaling factors, and displays three components:
Delta Columns (green/red): Show estimated hidden buy or sell pressure per candle.
Delta Moving Average (orange line): Smooths delta values to highlight underlying momentum.
Cumulative Delta (blue line): Tracks the long-term accumulation of hidden order flow.
How to use:
Rising green columns with a positive Delta MA and upward Cumulative Delta suggest strong hidden buying pressure.
Falling red columns with a negative Delta MA and downward Cumulative Delta suggest strong hidden selling pressure.
Scaling parameters allow you to adjust the visual balance between columns and lines for different timeframes.
Note: This tool uses tick volume and candle direction as a proxy for order flow. It does not display actual bid/ask data or Level II market depth. For professional order flow analysis, footprint charts or DOM data are required.
