AM_ZLWMA Crossover_xDear All,
Please find updated version of Zero lag WMA crossover. In addition to this added 20/50 EMA to get better results.
Settings:
ZLWMA = 8 identified by Blue line
Fast WMA = 21 identified by Red line
EMA Period 20/50
How to Trade:
Buy: Wait for positive crossover (Blue cross above Red) to happen trade can be taken there but to get better results post crossover once price move above EMA 20 then buy can be initiated.
Sell: Wait for negative crossover (Blue cross below Red) to happen trade can be taken there but to get better results post crossover once price move below EMA 20 then sell can be initiated.
Reason to wait for confirmation of price action above / Below moving average is most of the time it happens that even after crossover happens sometimes it was just a pull back and from there it could be a possibility for reversal. Once price action confirms moving above / below EMA20 then trade will be initiated.
Please comment and ask for any doubt
Tìm kiếm tập lệnh với "黄金近20年走势"
DMI-ADX HistogramThe Average Direction Index (ADX) coupled with the Direction Movement Index (DMI), developed by J. Welles Wilder, is a popular indicator that measures trend direction and strength.
The AX line (blue) is used to show the strength of the current trend. It does not tell you the trend direction. The under laid histogram shows relative movements of the price with green showing positive momentum and red showing negative momentum. Use these ADX and DMI together to find trend strength and direction.
- ADX line below 20 indicates that the underlying is in accumulation/distribution.
- ADX line above 20 mean that the underlying is trending with over 60 being very strong.
*When the ADX line is below 20 it is likely to see many reversal signals on the DMI Histogram. It is best to use the DMI signals when the ADX line is above 20 or higher. This is also a good level to play around with.
Motivation
Normally the direction movements are plotted as lines with the DI+ being green and the DI- being red. When the DI+ (green) crosses over DI- (red) this may indicate a buy signal, and vice versa. I found this visual representation made it difficult to see signals as well as lacked the ability to easy see the relative strength of other moves.
I have also noticed that the histogram values will periodically cross the ADX line, but not for very long periods. This could be a useful signal to explore further in the future.
In this image the top indicator is using the normal DI+/- lines, where the bottom indicator is using an absolute histogram.
angle bar colors [LM]Hello guys,
I would like to introduce you angle bar colors indicator. It colors bars depending the angle of the bar x length back and current one
lime angle > 70 degrees
green 20 < angle < 70 degrees
orange 0 > angle <= 20 degrees
purple 0 > angle >= -20 degrees
red -20 > angle > -70 degrees
maroon angle < -70 degrees
Any suggestions are welcome
ADX + DI x Upgraded to Pine v4 x KingThiesAverage Directional Movement Index
Momentum based tool to measure trend strength on scale of 1-100
Similar to the aroon but incorporates a 3rd measure, while aroon uses two
The majority of these calculations were pre-existing in older pine scripts but have since been updated
signals are given when -DI and +DI cross, ADX illustrates corresponding strength at time of cross
Full Intro
ADX can help investors to identify trend strengths, as di - di determines the trend direction, while d - d is an impulse indicator. If the ADX is below 20, it can be considered impulsive, while it is above 25 on a trend line.
A trading signal can be generated when the di - DI line is switched to d - d and vice versa. If the di-line crosses and the ADX is above 20 (ideally 25), a potential buy signal could ebb away.
If the ADX is above 20, there is the possibility of potential short selling if the DI crosses over DI. You can also use crosses to get out of the current deal if you need it for a long time.
If the di-line is crossed and the Adx is below 20 (or 25), there may be opportunities to enter the potential for short trading, but only if di are above or below DI or if the price is trendy and may not prove to be the ideal time to start trading.
Weeknights Donchian CloudDonchian Channel Trading system visualised as a cloud.
Regular/Quick inputs;
Length: 20
Entry Length: 20
Stop Length: 10
Alternate/Slower Inputs;
Length: 55
Entry Length: 55
Stop Length: 20
For a more in-depth review, look up "Turtle Trading" rules
The simplest way to use the cloud;
-When the cloud flips from above to below (support), close any shorts and open a long
-When the cloud flips from below to above (resistance), close any longs and open a short
-Cloud is flipped based on a breakout on the high / low
-Most effectively used on the daily, but can be used on any time frame
-For traditional markets, an input of 20 is most commonly used
-For 24/7 markets, an input of 28 is most commonly used
-Find an input that makes the most sense to you!
I appreciate any feedback, feel free to message me on twitter / comment!
Twitter ; @ImWeeknight
Credit to user KivancOzbilgic for helping with the script
Trend QualityThe quality of the current trend is calculated by adding or subtracting
one point to the total value depending on the following criteras:
1. EMA-8, MA-20, MA-50, MA-100, MA-200 , each get a point if they are increasing.
2. EMA-8 > MA-20 > MA-20 > MA-50 > MA-100 > MA-200 , each condition that is true gets one point.
On top of the Trend Quality value we apply a "weekly" (5 periods) and
a "monthly" (22 periods) moving average.
When above a value of 5, a strong trend is indicated and hence
a trend following strategy should be used.
Use this to Buy when bouncing back from e.g MA-20 or a confirming
consolidation/candlestick/trendline pattern.
When the trend decreases below Zero a trend shift may have occured.
Idea, curtesy: Tobbe Rosèn
Simple Moving Average Double HelixThis one is a mix of colour-coded moving averages and Ichimoku. It features two pairs of SMAs--default values of 9/20 and 50/200. Each SMA will be green when it rises and red when it falls. The spaces between each pair will fill with green or red depending on which line is on top. 9 over 20 or 50 over 200 makes a green cloud; if 9 or 50 falls below, the cloud will switch to green.
There's also the Ichimoku lagging span and a 35-period SMA (grey) that can be used as a trailing stop loss guideline.
Ideal long setup:
9, 20, 50, and 200 SMA are all green
both clouds are green
lagging span is above historic price action
Ideal short setup:
9, 20, 50, and 200 SMA are all red
both clouds are red
lagging span is below historic price action
TA Basics: further "Steps" with our Moving AverageSo far in this series of posts, we have worked thru creating a basic zero-lag moving average, then moved forward all the way to coding a "Fibonacci" Weighted Moving Average.
in this post we take a look at a technique that can help traders minimize noise in the underlying data and get better insight on the changes that are happening in the data series represented by the moving average. we'll look at adding "stepping" to our Fibonacci Moving Average as an example. we introduce the Stepping Fibonacci Moving Average , or Step_FiMA
note that you can use the same technique with any plot you may have. feel free to copy or leverage the relevant parts of the script - the script is commented to make this easier.
How is this useful?
==================
with "stepping", you get your indicator to "round" the outcome into pre-specified bands or ranges. this works very similar to how, for example, range or Renko charts work. you can easily see the difference in the chart above once we look at a non-stepped and a stepping moving average of the same length side-by-side
the more granular your timeframe is, you will see the effect of the stepping clearer - here's how the same chart looks when we go into the 1-hr aggregation
Notes about this script
====================
there are couple of pieces i wanted to highlight in the script if you plan to use some of it :
1 - the step(x) function is meant to try to automatically pick the best "suitable" step size based on the range of the underlying series (for example, the closing price). these ranges i included here in the code are just my own "best choices" - you are totally welcome to adjust these ranges and the resulting step size to your own preference
2 - we applied the stepping as a user-choice. user can choose a manual entry, or "0" to get the code to automatically pick the step size, or enter -1 (or actually any value below zero) to cancel the stepping option altogether - this gives us some flexibility on how to use the stepping in an indicator
3 - very important (and somehow confusing): on the "rounding" approach:
the magic math formula that actually creates the stepping is this one
result = round(input / step) * step
now, this tells the script to "round" the result up or down (the basic rounding) -- so for example, a price of 17 with a step of 5 would be rounded (down) to 15, where as a price of 18 would be rounded "up" to 20 -- this is not the way some of us would expect or want, cause the price never reached 20 and they would want an 18 to still be rounded to 15 - and the stepping line not to show 20 *until* the price actually hits or exceeds 20 -- in that case, you would need to replace the function "round" with the function "floor" --
so the new formula becomes: floor(input / step) * step
-- in an ideal world, we can make this rounding choice a user-option in the settings -- maybe in an improved version
4 - we kept the smoothing option, and it takes place before the stepping is applied - we continue to use that smoothing to further minimize the level changes in the FiMA line.
I hope you find this script useful in your journey with technical analysis and DIY scripting, and good luck in your trading.
BTC and ETH Long strategy - version 1I will start with a small introduction about myself. I'm now trading cryto currencies manually for almost 2 years. I decided to start after watching a documentary on the TV showing people who made big money during the Bitcoin pump which happened at the end of 2017.
The next day, I asked myself "Why should I not give it a try and learn how to trade".
This was in February 2018 and the price of Bitcoin was around 11500USD.
I didn't know how to trade. In fact, I didn't know the trading industry at all.
So, my first step into trading was to open an account with a broken. Then I directly bought 200$ worst of BTC . At that time, I saw the graph and thought "This can only go back in the upward direction!" :)
I didn't know anything about Stop loss, Take profit and Risk management.
Today, almost 2 years after, I think that I know how to trade and can also confirm that I still hold this bag of 200$ of bitcoin from 2018 :)
I did spend the 2 last years to learn technical analysis , risk management and leverage trading.
Today (14/05/2020), I know what I'm doing and I'm happy to see that the 2 last years have been positive in terms of gains. Of course, I did not make crazy money with my saving but at least I made more than if I would have kept it in my bank account.
Even if I like trading, I have a full time job which requires my full energy and lots of focus, so, the biggest problem I had is that I didn't have enough time to look at the charts.
Also, I realized that sometimes, neither technical analysis , nor fundamentals worked with crypto currency (at least for short time trading). So, as I have a developer background I decided to try to have a look at algo trading.
The goal for me was neither to make complex algos nor to beat the market but just to automate my trading with simple bot catching the big waves.
I then started to take a look at TV pine script and played with it.
I did my first LONG script in February 2020 to Long the BTC Market. It has some limitations but works well enough for me for the time being. Even if the real trades will bring me half of what the back testing shows, this will still be a lot more than what I was used to win during the last 2 years with my manual trading.
So, here we are! Below you will find some details about my first LONG script. I'm happy to share it with you.
Feel free to play with it, give your comments and bring improvements to it.
But please note that it only works fine with the candle size and crypto pair that I have mentioned below. If you use other settings this algo might loose money!
- Crypto pairs : XBTUSD and ETHXBT
- Candle size: 2 Hours
- Indicator used: Volatility , MACD (12, 26, 7), SMA (100), SMA (200), EMA (20)
- Default StopLoss: -1.5%
- Entry in position if: Volatility < 2%
AND MACD moving up
AND AME (20) moving up
AND SMA (100) moving up
AND SMA (200) moving up
AND EMA (20) > SAM (100)
AND SMA (100) > SMA (200)
- Exit the postion if: Stoploss is reached
OR EMA (20) crossUnder SMA (100)
Here is a summary of the results for this script:
XBTUSD : 01/01/2019 --> 14/05/2020 = +107%
ETHXBT : 01/01/2019 --> 14/05/2020 = +39%
ETHUSD : 01/01/2019 --> 14/05/2020 = +112%
It is far away from being perfect. There are still plenty of things which can be done to improve it but I just wanted to share it :) .
Enjoy playing with it....
BO - Bar M15 2/3 SignalBO - Bar M15 2/3 Signal show the signal to trade Binary Option with rule below:
A. Indicator
* Bollinger Band (20,2): avoid waterfall
B. Rule of Signal
1. Rule1: Split Bar M15 to 3 part and load them on M5 chart (recommend use M5 IDC chart)
2. Rule 2: Delay 10' after bar M15 open => wait for price's pattern
3. Rule 3: Put Signal row 30-32
* Delay 10' after bar M15 open.
* Direction of 1/3 and 2/3 Bar M15 is upward
* close of 2/3 Bar M15 below upper band Bb(20,2) on M5 chart => avoid strong buy
4. Rule 4: Call Signal row 36-38
* Delay 10' after bar M15 open.
* Direction of 1/3 and 2/3 Bar M15 is downward
* close of 2/3 Bar M15 above lower band Bb(20,2) on M5 chart => avoid strong sell
C. Recommend Expiry time: Bar M15 close
* We try to catch the shadow of Bar M15 but dont trade when price run on the upper or lower band of BB(20,2,M5)
Average Candle Length 2.0This script will tell you the following:
• Average length of all the candles (wick to wick) for the last 20 candles
-- shown in blue
• Average length of bull (green) candles (wick to wick) for the last 20 candles
-- shown in green
• Average length of bear (red) candles (wick to wick) for the last 20 candles
-- shown in red
___________________________________________
Inputs:
• # of Candles to analyze (default = 20)
Pivot trend indicatorThis is a LAGGING indicator which can provide a good indication of trend. It require a certain (configurable) number of candles to have closed before it can determine whether a pivot has formed.
It provides a 20 period SMA for the timeframe of your choice which is color coded to show the trend according to confirmed pivots.
Anticipated usage:
Long / Short bias is determined by pivot trend
Trader seeks entries according to their strategy
Black consolidation areas may trigger a re-evaluation of the trade and can serve as good profit taking areas
The SMA colors:
Green -> Higher highs & Higher lows
Red -> Lower highs & Lowers lows
Black -> No clear trend from the pivots
Why the 20 SMA?
Feel free to adjust it for your purposes. I personally find that using a higher time frame 20 SMA is a better indication of trend than longer period MAs on shorter time frames. This can be seen from comparing the 20 daily SMA and 200 hourly SMA.
Pivot adjustment
The pivots use the selected time frame (not) the MA trend time frame. You can specify the left and right candles required to confirm a pivot
VIX reversion-Buschi
English:
A significant intraday reversion (commonly used: 3 points) on a high (over 20 points) S&P 500 Volatility Index (VIX) can be a sign of a market bottom, because there is the assumption that some of the "big guys" liquidated their options / insurances because the worst is over.
This indicator shows these reversions (3 points as default) when the VIX was over 20 points. The character "R" is then shown directly over the daily column, the VIX need not to be loaded explicitly.
Deutsch:
Eine deutliche Intraday-Umkehr (3 Punkte im Normalfall) bei einem hohen (über 20 Punkte) S&P 500 Volatility Index (VIX) kann ein Zeichen für eine Bodenbildung im Markt sein, weil möglicherweise einige "große Jungs" ihre Optionen / Versicherungen auflösen, weil das schlimmste vorbei ist.
Dieser Indikator zeigt diese Umkehr (Standardwert: 3 Punkte), wenn der VIX vorher über 20 Punkte lag. Der Buchstabe "R" wird dabei direkt über dem Tagesbalken angezeigt, wobei der VIX nicht explizit geladen werden muss.
Triple Moving Average HeatmapHi everyone
I didn't publish on Friday because I was working on an Expert Advisor in MT4. The day I don't publish, some scripts spamming guys published many (not useful) scripts the same to kick me out of the TOP #1 ranking.
So what I'm going to do about it? crying or sharing more quality scripts than before? :)
I guess you know the answer :) I'm gonna share a few quality scripts that I have in my library. I noticed that you guys tend to like more the scripts useful for your trading actually making you money rather than a copy-paste (of another copy-paste)
Alright, enough for the trolling now let's introduce the Three MA heatmap which is an upgrade of that script : MA-heatmap-Double-cross-edition/
The challenge was to keep the heatmap not rolling and to make it match with the MA cross. I did it using this
```
since_ma_buy = barssince(macrossover)
since_ma_sell = barssince(macrossunder)
heatmap_color() =>
since_ma_buy < since_ma_sell ? color.new(color.green, 20) : since_ma_buy > since_ma_sell ? color.new(color.red, 20) : na
```
This is a technique that I found after drinking three glasses of red wine (#french) to keep the heatmap stable and not rolling.
To get what I'm saying I invite you to replace the piece of code above by what everyone would normally do
```
heatmap_color() =>
macrossunder() ? color.new(color.green, 20) : macrossover() ? color.new(color.red, 20) : na
```
Ah and I'm not done sharing for the day, a few scripts are coming also after that one and tonight !!!!! I want to live in a world where you guys can enjoy quality scripts (mostly) :)
PS
____________________________________________________________
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
Palex 2.0Atualização do SETUP do saudoso Professor Alexandre Fernandes "Palex"
- Bandas de Bolliger (Standard) =
*Banda Superior = Média Móvel Simples (20 dias) + (2 x Desvio Padrão de 20 dias)
*Banda Inferior = Média Móvel Simples (20 dias) – (2 x Desvio Padrão de 20 dias)
- EMA 9 (Média Móvel Exponencial)
- SMA 21 (Média Móvel Simples)
- SMA 200 (Média Móvel Simples) Clássica MA 200 períodos
- SMA 400 (Média Móvel Simples)
- EMA 400 (Média Móvel Exponencial)
- WILD (Média Móvel Welles Wilder)
O mesmo usado pelo nosso grande Mestre PALEX!
The 6 Line Death PunchIf you are looking to discover what trend you are in, you need to first what direction the price is going in...
I've been using and testing a mixture of EMA's and SMA's for a long time and I've found that these ones are by far the best.
EMA 3
EMA 8
MA 20
EMA 55
MA 100
MA 200
EMA 3 & 8 Crossover is a good method for confirming a coin going to the upside or to the downside.
EMA 8 is known as the Trigger Line (trademarked brand) as one of the fib numbers it shows good support or resistance of a trend.
MA 20 universal way of seeing trend direction in the stock market, works well with crypto too.
EMA 55, another trusty fib number. Works very well and could trade off that alone as support and resistance.
MA 100 and MA 200. Long ranged moving averages which govern the overall longer-term trend.
LONG ENTRY
Option 1 - 3/8 crossover
Option 2 - Candles above EMA 8
Option 3 - Candles above MA 20
Option 4 - Candles Above EMA 55.
SHORT ENTRY
Option 1 - 3/8 crossover
Option 2 - Candles below EMA 8
Option 3 - Candles below MA 20
Option 4 - Candles below EMA 55.
Signals for call and putSorry for the Google Translate English
Indicator for signals of call and put, using Bollinger bands (period 20, standard deviation 2.5), market trend of (sma, períod 100) and stochastic (period 20, %D 3).
I was overthrown but in pine scrip, the function "stoch()" no way to smooth (3). If anyone knows how to smooth inside the script, help me! Please.
With smoothed stochastic the hit rate grows a lot.
Português (Pt-Br)
Indicador de sinais de compra e venda, usando bandas de Bollinger (período de 20, desvio de 2,5), tendencia de mercado com (sma período 100) e estocástico (período 20, %D de 3).
Eu travei porque no pine script, a função "stoch()" não tem como aplicar a suavização (3). Se alguem souber como suavizar dentro do script, me ajude! Por favor.
MG - Multiple Moving Averages & Candle Wick Alerts - 1.0Features:
- Each moving average has customizable length, type and source
- The ability to change the source of all moving averages with one input (changing an individual MA source will override the general for that MA)
- At a glance comparison of 20 SMA and 20 VWMA to gauge volume trend
- Wick alerts which can be toggled for each moving average.
- Bullish wick alerts are when the wick is the only part of the candle to drop below the moving average
- Bearish wick alerts are when the wick is the only part of the candle to reach above the moving average
- Simple candle closed alert if you want a notification, for example each hour.
Defaults: Four SMAs (20, 50, 100, 200) and a 20 VWMA .
Recommended Usage:
- Set the general source (sets the source of all moving averages) to 'low' when in an uptrend and 'high' in a downtrend to maximize Risk : Reward.
- Use Fibonacci levels, oscillators .etc for confluence
NOTE: The moving average component of this indicator is the same as the previous indicator ()
Indicator - Multiple Moving Averages 1.0Features:
- Each moving average has customizable length, type and source
- The ability to change the source of all moving averages with one input (changing an individual MA source will override the general for that MA)
- At a glance comparison of 20 SMA and 20 VWMA to gauge volume trend
Defaults: Four SMAs (20, 50, 100, 200) and a 20 VWMA.
Usage:
- Use Fibonacci levels, pivots .etc for confluence
- Personally, I like to set overall source to low in uptrends, to high in downtrends and then set alerts for when the price crosses any of the averages. Then pay particular attention to the candlesticks and other indicators.
TODO:
- Add alerts option so that it send alert on crossing up or down any alert lines.
XPloRR MA-Trailing-Stop StrategyXPloRR MA-Trailing-Stop Strategy
Long term MA-Trailing-Stop strategy with Adjustable Signal Strength to beat Buy&Hold strategy
None of the strategies that I tested can beat the long term Buy&Hold strategy. That's the reason why I wrote this strategy.
Purpose: beat Buy&Hold strategy with around 10 trades. 100% capitalize sold trade into new trade.
My buy strategy is triggered by the fast buy EMA (blue) crossing over the slow buy SMA curve (orange) and the fast buy EMA has a certain up strength.
My sell strategy is triggered by either one of these conditions:
the EMA(6) of the close value is crossing under the trailing stop value (green) or
the fast sell EMA (navy) is crossing under the slow sell SMA curve (red) and the fast sell EMA has a certain down strength.
The trailing stop value (green) is set to a multiple of the ATR(15) value.
ATR(15) is the SMA(15) value of the difference between the high and low values.
The scripts shows a lot of graphical information:
The close value is shown in light-green. When the close value is lower then the buy value, the close value is shown in light-red. This way it is possible to evaluate the virtual losses during the trade.
the trailing stop value is shown in dark-green. When the sell value is lower then the buy value, the last color of the trade will be red (best viewed when zoomed)(in the example, there are 2 trades that end in gain and 2 in loss (red line at end))
the EMA and SMA values for both buy and sell signals are shown as a line
the buy and sell(close) signals are labeled in blue
How to use this strategy?
Every stock has it's own "DNA", so first thing to do is tune the right parameters to get the best strategy values voor EMA , SMA, Strength for both buy and sell and the Trailing Stop (#ATR).
Look in the strategy tester overview to optimize the values Percent Profitable and Net Profit (using the strategy settings icon, you can increase/decrease the parameters)
Then keep using these parameters for future buy/sell signals only for that particular stock.
Do the same for other stocks.
Important : optimizing these parameters is no guarantee for future winning trades!
Here are the parameters:
Fast EMA Buy: buy trigger when Fast EMA Buy crosses over the Slow SMA Buy value (use values between 10-20)
Slow SMA Buy: buy trigger when Fast EMA Buy crosses over the Slow SMA Buy value (use values between 30-100)
Minimum Buy Strength: minimum upward trend value of the Fast SMA Buy value (directional coefficient)(use values between 0-120)
Fast EMA Sell: sell trigger when Fast EMA Sell crosses under the Slow SMA Sell value (use values between 10-20)
Slow SMA Sell: sell trigger when Fast EMA Sell crosses under the Slow SMA Sell value (use values between 30-100)
Minimum Sell Strength: minimum downward trend value of the Fast SMA Sell value (directional coefficient)(use values between 0-120)
Trailing Stop (#ATR): the trailing stop value as a multiple of the ATR(15) value (use values between 2-20)
Example parameters for different stocks (Start capital: 1000, Order=100% of equity, Period 1/1/2005 to now) compared to the Buy&Hold Strategy(=do nothing):
BEKB(Bekaert): EMA-Buy=12, SMA-Buy=44, Strength-Buy=65, EMA-Sell=12, SMA-Sell=55, Strength-Sell=120, Stop#ATR=20
NetProfit: 996%, #Trades: 6, %Profitable: 83%, Buy&HoldProfit: 78%
BAR(Barco): EMA-Buy=16, SMA-Buy=80, Strength-Buy=44, EMA-Sell=12, SMA-Sell=45, Strength-Sell=82, Stop#ATR=9
NetProfit: 385%, #Trades: 7, %Profitable: 71%, Buy&HoldProfit: 55%
AAPL(Apple): EMA-Buy=12, SMA-Buy=45, Strength-Buy=40, EMA-Sell=19, SMA-Sell=45, Strength-Sell=106, Stop#ATR=8
NetProfit: 6900%, #Trades: 7, %Profitable: 71%, Buy&HoldProfit: 2938%
TNET(Telenet): EMA-Buy=12, SMA-Buy=45, Strength-Buy=27, EMA-Sell=19, SMA-Sell=45, Strength-Sell=70, Stop#ATR=14
NetProfit: 129%, #Trade
EMA Indicators with BUY sell SignalCombine 3 EMA indicators into 1. Buy and Sell signal is based on
- Buy signal based on 20 Days Highest High resistance
- Sell signal based on 10 Days Lowest Low support
Input :-
1 - Short EMA (20), Mid EMA (50) and Long EMA (200)
2 - Resistance (20) = 20 Days Highest High line
3 - Support (10) = 10 Days Lowest Low line
Slick Strategy Weekly PCS TesterInspired by the book “The Slick Strategy: A Unique Profitable Options Trading Method.” This indicator tests weekly SPX put-credit spreads set below Monday’s open and judged at Friday’s close.
WHAT IT DOES
• Sets weekly PCS level = Monday (or first trading day) OPEN − your offset; win/loss checked at Friday close.
• Optional core filter at entry: Price ≥ 200-SMA AND 10-SMA ≥ 20-SMA; pause if Price < both 10 & 20 while > 200.
• Reference modes: Strict = Mon OPEN vs Fri SMAs (no repaint); Mid = Mon OPEN vs Mon SMAs
KEY INPUTS
• Date range (Start/End) to limit backtest window.
• Offset mode/value (Points or Percent).
• Entry day (Monday only or first trading day).
• Core filters (On/Off) and Strict/Mid reference.
• SMA settings (source; 10/20/200 lengths).
• Table settings (position, size, padding, border).
VISUALS
• Active week line: Orange = trade taken; Gray = skipped.
• History: Green = win; Red = loss; Purple = skipped.
• Optional week bands highlight active/win/loss/skipped weeks (adjustable opacity).
TABLE
• Shows Date range, Trades, Wins, Losses, Win rate, and Active level (this week’s PCS price).
NOTES
• PCS level freezes at week open and persists through the week.
Force DashboardScalping Dashboard - Complete User Guide
Overview
This scalping system consists of two complementary TradingView indicators designed for intraday trading with no overnight holds:
Force Dashboard - Single-row table showing real-time market bias and entry signals
Large Order Detection - Visual diamonds showing institutional order flow
Together, they provide a complete at-a-glance view of market conditions optimized for quick entries and exits.
Recommended Timeframes
Primary Scalping Timeframes
1-minute chart: Ultra-fast scalps (30 seconds - 3 minutes hold time)
2-minute chart: Quick scalps (2-5 minutes hold time)
5-minute chart: Standard scalps (5-15 minutes hold time)
Best Practices
Use 1-2 minute for highly liquid instruments (ES, NQ, major forex pairs)
Use 5-minute for less liquid markets or if you prefer fewer signals
Never hold past the last hour of trading to avoid overnight risk
Set hard stop times (e.g., exit all positions by 3:45 PM EST)
Dashboard Components Explained
Core Indicators (Circles ●)
MACD (5/13/5)
Green ● = Bullish momentum (MACD histogram positive)
Red ● = Bearish momentum (MACD histogram negative)
Gray ● = No clear momentum
Use: Confirms trend direction and momentum shifts
EMA (9/20/50)
Green ● = Price > EMA9 > EMA20 (uptrend)
Red ● = Price < EMA9 < EMA20 (downtrend)
Gray ● = Choppy/sideways
Use: Identifies the immediate micro-trend
Stoch (5-period Stochastic)
Green ● = Oversold (<20) - potential reversal up
Red ● = Overbought (>80) - potential reversal down
Gray ● = Neutral zone (20-80)
Use: Spots reversal opportunities at extremes
RSI (7-period)
Green ● = Oversold (<30)
Red ● = Overbought (>70)
Gray ● = Neutral
Use: Confirms overbought/oversold conditions
CVD (Cumulative Volume Delta)
Green ● = CVD above its moving average (buying pressure)
Red ● = CVD below its moving average (selling pressure)
Gray ● = Neutral
Use: Shows overall buying vs selling pressure
ΔCVD (Delta CVD - Rate of Change)
Green ● = CVD accelerating upward (buying acceleration)
Red ● = CVD accelerating downward (selling acceleration)
Gray ● = No acceleration
Use: Detects momentum shifts in order flow
Imbal (Order Flow Imbalance)
Green ● = Buy pressure >2x sell pressure
Red ● = Sell pressure >2x buy pressure
Gray ● = Balanced
Use: Identifies extreme one-sided order flow
Vol (Volume Strength)
Green ● = Volume >1.5x average (strong interest)
Red ● = Volume <0.7x average (low interest)
Gray ● = Normal volume
Yellow background = Volume surge (>2x average) - BIG MOVE ALERT
Use: Confirms conviction behind price moves
Tape (Tape Speed)
Green ● = Fast order flow (>1.3x normal)
Red ● = Slow order flow (<0.7x normal)
Gray ● = Normal speed
Yellow background = Very fast tape (>1.5x) - RAPID EXECUTION ALERT
Use: Measures urgency and speed of orders
Key Levels
Support (Supp)
Shows the nearest high-volume support level below current price
Bright Green background = Price is AT support (within 0.3%) - BOUNCE ZONE
Green background = Price above support (healthy)
Red background = Price below support (broken support, now resistance)
Resistance (Res)
Shows the nearest high-volume resistance level above current price
Bright Orange background = Price is AT resistance (within 0.3%) - REJECTION ZONE
Red background = Price below resistance (facing overhead supply)
Green background = Price above resistance (breakout)
These levels update automatically every 3 bars based on volume profile
Entry Signal Components
Score
Displays format: "6L" (6 long indicators) or "4S" (4 short indicators)
Bright Green = 6-7 indicators aligned for long
Light Green = 5 indicators aligned for long
Yellow = 4 indicators aligned (weaker setup)
Gray = No alignment
Red/Orange colors = Same scale for short setups
Score of 5+ indicates high-probability setup
SCALP (Main Entry Signal)
BRIGHT GREEN "LONG" = High-quality long scalp (Score 5+)
Green "LONG" = Decent long scalp (Score 4)
BRIGHT ORANGE "SHORT" = High-quality short scalp (Score 5+)
Red "SHORT" = Decent short scalp (Score 4)
Gray "WAIT" = No clear setup - STAY OUT
Entry Strategies
Strategy 1: High-Probability Scalps (Conservative)
When to Enter:
SCALP column shows BRIGHT GREEN "LONG" or BRIGHT ORANGE "SHORT"
Score is 5 or higher
Vol or Tape has yellow background (volume surge)
Example Long Setup:
SCALP = BRIGHT GREEN "LONG"
Score = 6L
Vol = Yellow background
Price AT Support (bright green Supp cell)
EMA, MACD, CVD, ΔCVD, Imbal all green
Entry: Enter immediately on next candle
Target: 0.5-1% move or resistance level
Stop: Below support or -0.3%
Hold Time: 2-10 minutes
Strategy 2: Momentum Scalps (Aggressive)
When to Enter:
Tape has yellow background (fast tape)
Vol has yellow background (volume surge)
ΔCVD is green (for longs) or red (for shorts)
Imbal shows strong imbalance in your direction
Score is 4+
Example Short Setup:
Tape & Vol = Yellow backgrounds
ΔCVD = Red, Imbal = Red
Price AT Resistance (bright orange)
Score = 5S
Entry: Enter immediately
Target: Quick 0.3-0.7% move
Stop: Tight -0.2%
Hold Time: 1-5 minutes
Strategy 3: Reversal Scalps (Mean Reversion)
When to Enter:
Stoch shows oversold (green) or overbought (red)
RSI confirms the extreme
Price is AT Support (for longs) or AT Resistance (for shorts)
ΔCVD and Imbal start reversing direction
Score is 4+
Example Long Setup:
Stoch = Green (oversold)
RSI = Green (oversold)
Supp = Bright green (at support)
ΔCVD turns green
Imbal turns green
Score = 4L or 5L
Entry: Wait for confirmation candle
Target: Move back to EMA9 or mid-range
Stop: Below the low
Hold Time: 3-8 minutes
Large Order Detection Usage
Diamond Signals
Green diamonds below bar = Large buy orders (institutional buying)
Red diamonds above bar = Large sell orders (institutional selling)
Size matters: Larger diamonds = larger order flow
How to Use with Dashboard
Confirmation Entries
Dashboard shows "LONG" signal
Green diamond appears
Enter immediately - institutions are buying
Divergence Alerts (CAUTION)
Dashboard shows "LONG" signal
RED diamond appears (institutions selling)
DO NOT ENTER - conflicting order flow
Cluster Patterns
Multiple green diamonds in row = Strong accumulation, stay long
Multiple red diamonds in row = Strong distribution, stay short
Alternating colors = Chop, avoid trading
Risk Management Rules
Position Sizing
Risk 0.5-1% of account per scalp
Maximum 3 concurrent positions
Reduce size after 2 consecutive losses
Stop Loss Guidelines
Tight stops: 0.2-0.3% for 1-2 min charts
Standard stops: 0.3-0.5% for 5 min charts
Always use stop loss - no exceptions
Place stops below support (longs) or above resistance (shorts)
Take Profit Targets
Target 1: 0.3-0.5% (take 50% off)
Target 2: 0.7-1% (take remaining 50%)
Move stop to breakeven after Target 1 hit
Trail stop if Score remains high
Time-Based Exits
Exit immediately if:
SCALP changes from LONG/SHORT to WAIT
Score drops below 3
Large diamond appears in opposite direction
Maximum hold time: 15 minutes (even if profitable)
Hard exit time: 30 minutes before market close
Trading Sessions
Best Times to Scalp
High-Liquidity Sessions
9:30-11:00 AM EST (Market open, highest volume)
2:00-3:30 PM EST (Afternoon session, good moves)
Avoid
11:30 AM-1:30 PM EST (Lunch, low volume)
Last 30 minutes (unpredictable, don't initiate new trades)
News releases (wait 5 minutes for volatility to settle)
Common Patterns & Setups
The Perfect Storm (Highest Probability)
Score = 6L or 7L
SCALP = BRIGHT GREEN
Vol + Tape = Yellow backgrounds
Green diamond appears
Price AT Support
Win rate: ~70-80%
The Fade Setup (Counter-Trend)
Price hits resistance (bright orange)
Stoch + RSI overbought (red)
Red diamond appears
CVD starts turning red
SCALP shows "SHORT"
Win rate: ~60-70%
The Breakout Continuation
Price breaks resistance (Res turns green)
EMA, MACD green
Vol surge (yellow)
Multiple green diamonds
SCALP = "LONG"
Win rate: ~65-75%
Warning Signs - DO NOT TRADE
Red Flags
❌ SCALP shows "WAIT"
❌ Score below 3
❌ Vol and Tape both gray (no volume)
❌ Conflicting signals (dashboard says LONG but red diamonds appearing)
❌ Alternating green/red circles (choppy market)
❌ Support and Resistance very close together (tight range)
Market Conditions to Avoid
Low volume periods
Major news releases (first 5 minutes after)
First 2 minutes after market open
Wide spreads
Consecutive losing trades (take a break after 2 losses)
Quick Reference Checklist
Before Taking ANY Trade:
☑ SCALP shows LONG or SHORT (not WAIT)
☑ Score is 4 or higher
☑ Vol or Tape shows activity
☑ No conflicting diamond signals
☑ Stop loss level identified
☑ Target profit level identified
☑ Not in restricted time periods
After Entering:
☑ Set stop loss immediately
☑ Set profit targets
☑ Watch SCALP column - exit if changes to WAIT
☑ Watch for opposite-colored diamonds
☑ Move stop to breakeven after first target
☑ Exit all by market close
Advanced Tips
Scalping Psychology
Be patient: Wait for Score 5+ setups
Be decisive: When signal appears, act immediately
Be disciplined: Follow your stop loss always
Be flexible: Exit quickly if dashboard reverses
Optimization
Backtest on your specific instrument
Adjust RSI/Stoch levels for your market
Fine-tune volume thresholds
Keep a trade journal to track which setups work best
Multi-Timeframe Confirmation
Use 5-min dashboard as "trend filter"
Take 1-min trades only in direction of 5-min SCALP signal
Increases win rate by ~10-15%
Troubleshooting
Q: Dashboard shows WAIT most of the time
Normal - scalping is about patience. Quality > Quantity
3-8 good setups per day is excellent
Q: Too many false signals
Increase minimum Score requirement to 5 or 6
Only trade with volume surge (yellow backgrounds)
Add large order detection confirmation
Q: Signals too slow
You may be on too high a timeframe
Try 1-minute chart for faster signals
Ensure real-time data feed is active
Q: Support/Resistance not updating
Normal - updates every 3 bars
If completely stuck, remove and re-add indicator
Summary
This scalping system works best when:
✅ Multiple indicators align (Score 5+)
✅ Volume and tape speed confirm the move
✅ Order flow (diamonds) confirms direction
✅ Price is at key levels (support/resistance)
✅ You manage risk strictly
✅ You exit before market close
The golden rule: When SCALP says WAIT, you WAIT. Discipline beats frequency.






















