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ER-Adaptive ATR Limit Channels w/ States [Loxx]As simple as it gets, channels based on high, low and ATR distances, Shows possible short term support / resistance or can be used as a take profit/stop-loss in some trading systems. It does this by comparing high/low values of price to multiplied by a multiple of ATR to determine when the trend changes. States are included to change the sensitivity to trend changes. 1 is very sensitive, 3 is least sensitive. This uses Loxx's Expanded Source Types. You can read about them here: What is ER Adaptive ATR? Average True Range (ATR) is widely used indicator in many occasions for technical analysis . It is calculated as the RMA of true range. This version adds a "twist": it uses Perry Kaufman's Efficiency Ratio to calculate adaptive true range
Pine Script™ Indikator
von loxx
6
Fair value bands / quantifytools— Overview Fair value bands, like other band tools, depict dynamic points in price where price behaviour is normal or abnormal, i.e. trading at/around mean (price at fair value) or deviating from mean (price outside fair value). Unlike constantly readjusting standard deviation based bands, fair value bands are designed to be smooth and constant, based on typical historical deviations. The script calculates pivots that take place above/below fair value basis and forms median deviation bands based on this information. These points are then multiplied up to 3, representing more extreme deviations. By default, the script uses OHLC4 and SMA 20 as basis for the bands. Users can form their preferred fair value basis using following options: Price source - Standard OHLC values - HL2 (High + low / 2) - OHLC4 (Open + high + low + close / 4) - HLC3 (High + low + close / 3) - HLCC4 (High + low + close + close / 4) Smoothing - SMA - EMA - HMA - RMA - WMA - VWMA - Median Once fair value basis is established, some additional customization options can be employed: Trend mode Direction based Cross based Trend modes affect fair value basis color that indicates trend direction. Direction based trend considers only the direction of the defined fair value basis, i.e. pointing up is considered an uptrend, vice versa for downtrend. Cross based trends activate when selected source (same options as price source) crosses fair value basis. These sources can be set individually for uptrend/downtrend cross conditions. By default, the script uses cross based trend mode with low and high as sources. Cross based (downtrend not triggered) vs. direction based (downtrend triggered): Threshold band Threshold band is calculated using typical deviations when price is trading at fair value basis. In other words, a little bit of "wiggle room" is added around the mean based on expected deviation. This feature is useful for cross based trends, as it allows filtering insignificant crosses that are more likely just noise. By default, threshold band is calculated based on 1x median deviation from mean. Users can increase/decrease threshold band width via input menu for more/less noise filtering, e.g. 2x threshold band width would require price to cross wiggle room that is 2x wider than typical, 0x erases threshold band altogether. Deviation bands Width of deviation bands by default is based on 1x median deviations and can be increased/decreased in a similar manner to threshold bands. Each combination of customization options produces varying behaviour in the bands. To measure the behaviour and finding fairest representation of fair and unfair value, some data is gathered. — Fair value metrics Space between each band is considered a lot, named +3, +2, +1, -1, -2, -3. For each lot, time spent and volume relative to volume moving average (SMA 20) is recorded each time price is trading in a given lot: Depending on the asset, timeframe and chosen fair value basis, shape of the distributions vary. However, practically always time is distributed in a normal bell curve shape, being highest at lots +1 to -1, gradually decreasing the further price is from the mean. This is hardly surprising, but it allows accurately determining dynamic areas of normal and abnormal price behaviour (i.e. low risk area between +1 and -1, high risk area between +-2 to +-3). Volume on the other hand is typically distributed the other way around, being lowest at lots +1 to -1 and highest at +-2 to +-3. When time and volume are distributed like so, we can conclude that 1) price being outside fair value is a rare event and 2) the more price is outside fair value, the more anomaly behaviour in volume we tend to find. Viewing metric calculations Metric calculation highlights can be enabled from the input menu, resulting in a lot based coloring and visibility of each lot counter (time, cumulative relative volume and average relative volume) in data window: — Alerts Available alerts are the following: Individual - High crossing deviation band (bands +1 to +3 ) - Low crossing deviation band (bands -1 to -3 ) - Low at threshold band in an uptrend - High at threshold band in a downtrend - New uptrend - New downtrend Grouped - New uptrend or downtrend - Deviation band cross (+1 or -1) - Deviation band cross (+2 or -2) - Deviation band cross (+3 or -3) — Practical guide Example #1 : Risk on/risk off trend following Ideal trend stays inside fair value and provides sufficient cool offs between the moves. When this is the case, fair value bands can be used for sensible entry/exit levels within the trend. Example #2 : Mean reversions When price shows exuberance into an extreme deviation, followed by a stall and signs of exhaustion (wicks), an opportunity for mean reversion emerges. The higher the deviation, the more volatility in the move, the more signalling of exhaustion, the better. Example #3 : Tweaking bands for desired behaviour The faster the length of fair value basis, the more momentum price needs to hit extreme deviation levels, as bands too are moving faster alongside price. Decreasing fair value basis length typically leads to more quick and aggressive deviations and less steady trends outside fair value.
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Pine Script™ Indikator
von quantifytools
43
Squeeze Range: Bollinger Bands / Keltner Channels [Whvntr]Presenting Squeeze Range: Bollinger Bands / Keltner Channels TTMSqueeze method is a volatility and momentum indicator introduced by John Carter of Simpler Trading, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. How did I make this indicator? The Bollinger Bands & Keltner Channels base scripts are from the standard indicators of their class in the Technicals section... I made this indicator first then noticed there were 3 others with a similar concept, but this differs in it's unique features and application of the TTMSqueeze strategy. This indicator plots the True Range of the Keltner Channel (Customizable in 'Bands Style" in the Inputs Menu) the instances the Bollinger Bands are within the range of the Keltner channel (the market just entered a squeeze). Featuring: customizable Moving Averages 1. Exponential (Default for both BB & KC) 2. Simple 3. RMA (MA used in RSI ) Keltner channels have a multiplier of 2 & 3 on the Chart (3 being the outer). How do I use this indicator? Once the teal dots are inside the solid red lines this would indicate that TTMperiod of low market volatility (the market is preparing itself for an explosive move up or down). Do some research and study how to use the TTMSqueeze method by John Carter. Disclaimer: not a guarantee of future favorable results.
Pine Script™ Indikator
von whvntr
Strategy: Range BreakoutWhat? In the price action, levels have a significant role to play. Based on the price moving above/below the levels - the underlying instrument shows some price-action in the direction of breakout/breakdown. There are plenty of ways level can be determined. Levels are the decision point to take a trade or not. But if we make the level derivation complex, then the execution may get hamper. This strategy script, developed in PineScript v5, is our attempt at solving this problem at the core by providing this simple, yet elegant solution to this problem. It's essentially an attempt to Trade Simple by drawing logical (horizontal) lines in the chart and take actions, after multiple associated parameters confirmation, on the breakout / breakdown of the levels. How? Let us explain how we are drawing the levels. We are depending on some of the parameters as described below: Open Range : During intraday movement, often if prices move beyond a particular level, it exibits more movement in the same swing in same direction. We found out, through our back testing for Indian Indices like NSE:NIFTY , NSE:BANKNIFTY or NSE:CNXFINANCE the first 15m (i.e 09:15 AM to 09:30 AM, IST) is one of such range. For Indian stocks, it is 9:15 to 9:45. And for MCX MCX:CRUDEOIL1! it's 5:00 pm to 6:00 pm. There are our first levels. PDHCL : Previous Day High, Close, Low. This is our next level VWAP : The rolling VWAP (volume weighted average price) In the breakout/breakdown of the Open Range and Previous Day High/Low, we are taking the trade decisions as follows using CEST principle: C onditions : If current bar's (say you are in 5m timeframe) closing is broken out the Open Range High or Previous Day High, taken a Buy/Long decision (let's say buying a Call Option CE or selling a Put Option PE or buying the future or cash). If current bar's (say you are in 5m timeframe) closing is broken down the Open Range Low or Previous Day Low, taken a Sell/Short decision (let's say buying a Put Option CE or selling a Call Option PE or selling the future or cash). Additionally, and optionally (default ON, one can turn off): we are checking various other associated multiple confirmations as follows: 1. Momentum : Checking 14-period RSI value is more than 50 or less than 50 (all parameters like period, OB, OS ranges are configurable through settings) 2. Current bar's volume is more than the last 20 bars volume average. How much more - that multiplier is also configurable. (default is 1) 3. The breakout candle is bullish (green) or bearish (red). E ntry : All of these happens only on the closing of the candle . Means: Non Repainting! . Clearly in the chart we are showing as green up arrow BO (breakout for buy) and red down arrow BD (breakdown for sell) to take your decision process smooth. So, on the closing of the decision BO/BD candle we are entering the trade (with a thumping heart and nail biting ...) S top Loss : We are relying on the time tasted (last 40 years) mechanism of Average True Range (ATR) of default 14 period. This default period is also configurable. So for Long trades: the 14 period ATR low band is the SL. For Short trades: the 14 period ATR high band is the SL. T arget : We are depending on the thump rule of 1:2 Risk Reward. It's simple and effective. No fancy thing. We are closing the trade on double the favorable price movement compared to the SL placed. Of course, this RR ratio is confiurable from the settings, as usual. What's Unqiue in it? The utter simplicity of this trading mechanism. No fancy things like complex chart pattern, OI data, multiple candlestick patterns, Order flow analysis etc. Simple level determination, Marking clearly in the chart. Making each parameter configurable in Settings and showing tooltip adjacent to the parameter to make you understand it better for your customization, Wait for the candle close, thus eliminating the chances of repainting menace (as much as possible) Additional momentum and volume check to trade entry confirmation. Works with normal candlestick (nothing special ones like HA ...) Showing everything as a Summary Table (which, again can be turned off optionally) overlaying at the bottom-right corner of the chart, Optionally the Summary Table can be configured to alert you back (say you get it notified in your email or SMS). That way, a single, simple, effective trade setup will ease your journey as smooth sail as possible. Mentions There are plenty of friends from whom time to time we borrowed some of the ideas while working closely together over last one year. From tradingview community, we took the spirit of @zzzcrypto123 awesome work done long back (in 2020) as the indicator "ORB - Opening Range Breakout". (We tried to reach him for his explicit consent, unable to catch hold of him). Some other publicly available materials we have consulted to get the additional checks (like RSI, volume). Lat word Use it please and thank you for your constant patronage in following us in this awesome platform. Let's keep growing together. Disclaimer : This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time. We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Pine Script™ Strategie
von pradipandsuvra
16
Band-Zigzag - TrendFollower Strategy [Trendoscope]Strategy Time!!! Have built this on my earlier published indicator Band-Zigzag-Trend-Follower . This is just one possible implementation of strategy on Band-Based-Zigzag . 🎲 Notes Experimental prototype. Not financial advise and strategy not guaranteed to make money despite backtest results Not created or tested for any specific instrument or timeframe Test and adopt with own risk 🎲 Strategy This is trend following strategy built based on Bands and Zigzag. Traits of trend following strategies are Lower win rate (Yes, thats right) High risk reward (Compensates low win rate) Higher drawdown If market is choppy, trend following methods suffer. The script implements few points to overcome the negatives such as lower win rate and higher drawdown by actively assessing pivots on the direction of trend along. This helps us take regular profits and exit on time during the end of trend. Most of the other concepts are defined and explained in indicator - Band-Zigzag-Trend-Follower and Band-Based-Zigzag Defining a trend following method is simple. Basic rule of trend following is Buy High and Sell Low (Yes, you heard it right). To explain further - methodology involve finding an established trend which is flying high and join the trend with proper risk and optimal stop. Once you get into the trade, you will not exit unless there is change in the trend. Or in other words, the parameters which you used to define trend has reversed and the trend is not valid anymore. 🎯 Using bands When price breaks out of upper bands (example, Bollinger Band , Keltener Channel, or Donchian Channel), with a pre determined length and multiplier, we can consider the trend to be bullish and similarly when price breaks down the lower band, we can consider the trend to be bearish . 🎯 Using Pivots Simple logic using zigzag or pivot points is that when price starts making higher highs and higher lows, we can consider this as uptrend. And when price starts making lower highs and lower lows, we can consider this as downtrend. There are few supertrend implementations I have published in the past based on zigzags and pivot points . Drawbacks of both of these methods is that there will be too many fluctuations in both cases unless we increase the reference length. And if we increase the reference length, we will have higher drawdown. 🎯 Band Based Zigzag Method Here we use bands to define our pivot high and pivot low - this makes sure that we are identifying trend only on breakouts as pivots are only formed on breakouts Our method also includes pivot ratio to cross over 1.0 to be able to consider it as trend. This means, we are waiting for price also to make new high high or lower low before making the decision on trend. But, this helps us ignore smaller pivot movements due to the usage of bands. I have also implemented few tricks such as sticky bands (Bands will not contract unless there is breakout) and Adaptive Bands (Band will not expand unless price is moving in the direction of band). This makes the trend following method very robust. To avoid fakeouts, we also use percentB of high/low in comparison with price retracement to define breakout. 🎲 Settings Settings are fairly simpler and are explained as below. You will find most of the required information in tooltips.
Pine Script™ Strategie
von Trendoscope
23
Channel Lookback: Average Moving Price (CLAMP)How it works This is a confirmation indicator based on moving averages. It compares the current price to a previous candle N periods ago, then smooths the result. What makes this indicator novel is that it takes the smoothed curve and compares it to the previous value to see whether the slope is increasing or decreasing. Combined with a zero-cross baseline channel, we can compare the relative position of the curve, slope, or closing price to create entry signals. There are several hardcoded conditions that it checks, but this is easily changed. Markets The default values are best used on the SPY daily chart. With backtesting, it seemed to perform fairly well during the last year. It seems to be more accurate during choppy/bear markets, and very inaccurate during a trending market. Eg, if you look at the period of growth that occurred during 2020, it basically said to keep shorting for months at a time. Not good. If you look at other markets (such as gold or uranium), it worked, but only if you inversed what the signal told you to do (eg going long when it says to go short). This is something you will have to test yourself, since every system and market is different. Please don't use this indicator by itself. How to use When combined with other indicators, this tells you whether to go long (green), go short (red), or no trade (gray). It is meant to be used as a confirmation indicator, so it will help verify other trade signals. You can sometimes ignore the first grey circle and reuse the previous colored signal. There are a few markets (such as gold) I noticed this was helpful on; this will depend on your own trade rules and indicator system. If you enable "simple mode" on the settings, it will draw only the final signal (long, short, no signal). I included this because it helps to reduce visual clutter.
Pine Script™ Indikator
von KyleBaran
2
Strategy Myth-Busting #5 - POKI+GTREND+ADX - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our fifth one we are automating is one of the strategies from "The Best 3 Buy And Sell Indicators on Tradingview + Confirmation Indicators ( The Golden Ones ))" from "Online Trading Signals (Scalping Channel)". No formal backtesting was done by them and resuructo messaged me asking if we could validate their claims. Originally, we mimic verbatim the settings Online Trading Signals was using however weren't getting promising results. So before we stopped there we thought we might want to see if this could be improved on. So we adjusted the Renko Assignment modifier from ATR to Traditional and adjusted the value to be higher from 30 to 47. We also decided to try adding another signal confirmation to eliminate some of the ranged market conditions so we choose our favorite, ADX . Also, given we are using this on a higher time-frame we adjusted the G-Channel Trend detection source from close to OHLC4 to get better average price action indication and more accurate trend direction. This strategy uses a combination of 2 open-source public indicators: poki buy and sell Take profit and stop loss by RafaelZioni G-Channel Trend Detection by jaggedsoft Trading Rules 15m - 4h timeframe. We saw best results at the recommended 1 hour timeframe. Long Entry: When POKI triggers a buy signal When G-Channel Trend Detection is in an upward trend (Green) ADX Is above 25 Short Entry: When POKI triggers a sell signal When G-Channel Trend Detection is in an downward trend (red) ADX Is above 25 If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
Pine Script™ Strategie
von myncrypto
2
Band-Zigzag Based Trend FollowerWe defined new method to derive zigzag last month - which is called Channel-Based-Zigzag . This script is an example of one of the use case of this method. 🎲 Trend Following Defining a trend following method is simple. Basic rule of trend following is Buy High and Sell Low (Yes, you heard it right). To explain further - methodology involve finding an established trend which is flying high and join the trend with proper risk and optimal stop. Once you get into the trade, you will not exit unless there is change in the trend. Or in other words, the parameters which you used to define trend has reversed and the trend is not valid anymore. Few examples are: 🎯 Using bands When price breaks out of upper bands (example, Bollinger Band, Keltener Channel, or Donchian Channel), with a pre determined length and multiplier, we can consider the trend to be bullish and similarly when price breaks down the lower band, we can consider the trend to be bearish. Here are few examples where I have used bands for identifying trend Band-Based-Supertrend Donchian-Channel-Trend-Filter 🎯 Using Pivots Simple logic using zigzag or pivot points is that when price starts making higher highs and higher lows, we can consider this as uptrend. And when price starts making lower highs and lower lows, we can consider this as downtrend. There are few supertrend implementations I have published in the past based on zigzags and pivot points. Adoptive-Supertrend-Pivots Zigzag-Supertrend Drawbacks of both of these methods is that there will be too many fluctuations in both cases unless we increase the reference length. And if we increase the reference length, we will have higher drawdown. 🎲 Band Based Zigzag Method Band Based Zigzag will help overcome these issues by combining both the methods. Here we use bands to define our pivot high and pivot low - this makes sure that we are identifying trend only on breakouts as pivots are only formed on breakouts. Our method also includes pivot ratio to cross over 1.0 to be able to consider it as trend. This means, we are waiting for price also to make new high high or lower low before making the decision on trend. But, this helps us ignore smaller pivot movements due to the usage of bands. I have also implemented few tricks such as sticky bands (Bands will not contract unless there is breakout) and Adaptive Bands (Band will not expand unless price is moving in the direction of band). This makes the trend following method very robust. To avoid fakeouts, we also use percentB of high/low in comparison with price retracement to define breakout. 🎲 The indicator The output of indicator is simple and intuitive to understand. 🎯 Trend Criteria Uptrend when last confirmed pivot is pivot high and has higher retracement ratio than PercentB of High. Else, considered as downtrend. Downtrend when last confirmed pivot is pivot low and has higher retracement ratio than PercentB of High. Else, considered as uptrend. 🎯 Settings Settings allow you to select the band type and parameters used for calculating zigzag and then trend. Also has few options to hide the display.
Pine Script™ Indikator
von Trendoscope
25
CryptoverseThis Indicator dynamically generates and charts Pivot Points, Support and Resistance Lines, Trend Channels and even Rsi Divergences in every market and every time period. While it helps you identify your entry points, stop loss and take positions, it certainly does not include trading signals and trading strategy. Bonus: the indicator contains ema21, ema50, ema100 and ema200 to support the lines created. If you wish, you can change the EMA values in the settings. Recommendation: RSI is included in the indicator codes in order to detect divergences dataally, but it is not displayed on the chart. I recommend adding an additional RSI indicator to keep track of past and current potential divergences. USER MANUAL: ---------------------------------------------- General Settings: Pivot Period: This field determines how many candles before and after a candle should be controlled in order to be able to determine the top and bottom points on the chart. Support and Resistance Lines and Trend Channels formed on the chart are created by calculating the Pivot points formed according to the period determined here. (Default value: 6) Pivot Source: Determines the pivot points to be created according to the value of the relevant candle. (Default and Recommended: closing) ---------------------------------------------- Support And Resistance Settings: Custom Bars Back: This area allows you to specify how many pivot points from the current candle to the previous candle to create support resistance lines on the Chart. The default value is the last 500 candles. *Note: The more old candles are checked, the more support and resistance lines will appear. This may prevent you from making sound determinations on the chart.* Current Bar Decrease: This field works integrated with Custom Bars Back. By subtracting the current candle by the specified number, it provides the formation of lines without including those candles. Default value: It is set to 0 to include current data. Example: If Custom Bars Back: 500 and Current Bar Decrease: 10, Support and Resistance lines are created by considering 500 candles before the last 10 candles without including the last 10 candles on the chart. Show S/R Lines: This field allows you to show or hide the Support and Resistance lines at any time. Auto Simplification: This field is marked by default. It allows the Simplification Steps value to be determined automatically within the code according to the time period and current volatility of the relevant parity. (It is recommended to use the default version.) Simplification Steps: This field allows you to get more understandable lines by simplifying the Support and Resistance lines based on Pivot points. If a simplification is not done, the lines to be formed with only the pivot points will be too many and this creates a dirty and useless appearance on the chart. Each 1 digit you enter as a step combines the lines that are close to each other at a value of 0.01% and creates a common line. Example: If you enter the number 10 as Steps, it will form a single common line from lines close together, starting at 0.01% respectively. It will continue to increase by 0.02%, 0.03%, 0.04% in its next steps. For the number 10, it will complete its loop by combining lines within the last remaining lines that are as close as 0.1% to each other and creating new lines from their midpoints. The deafult value is 14. (Max. simplifies lines with closeness up to 1.4%.) Important Note: If Auto Simplification is on, the entered value has no meaning. The Indicator performs simplification operations automatically. If you want to manage these steps manually, you can turn off Auto Simplification and enter your own value. S/R Lines Color: Allows you to specify the color of the lines. Label Location: Allows you to determine how many candles ahead the information label formed for each line will be positioned. Line Label Descriptions: Line: It is the price value that the line coincides with.* Distance: Shows the percentage distance of the line from the current price. ▲ : Shows the percentage distance from the line above it. ▼ : Shows the percentage distance from the line below it. Strength: Indicates the total number of steps the process has taken during the simplification process. The height of the number indicates the strength of resistance and support in the close price range. C. Width: stands for Channel Width. It shows the percentage value between the highest price and the lowest price on the past candle as many candles specified by Custom Bars Back. S. Steps: stands for Simplification Steps. Indicates the number of simplification steps applied. A value of 150 in the image indicates that a 1.5% simplification range has been applied. ---------------------------------------------- Trend Channels Settings: Show All Trend Lines: Allows you to show and hide trend channels. Hide Old Trend Lines: If you enable it, it will hide channels created in the past except for Current Trend channels. Helper Line Format: Allows the auxiliary line that converts a trendline to a channel to be drawn based on percentage or price. Note: There may be cases where the auxiliary lines do not provide full parallelism when using large time intervals by preferring a percentage. Up Trend Color: Indicates the color of the Up Trend channel. Down Trend Color: Specifies the color of the Downtrend channel. Show Up Trend Overflow, Show Down Trend Overflow: When the price closes above or below the trend channels, it provides awareness with the help of a text on the chart. Colors can be adjusted according to preference. ---------------------------------------------- RSI Divergences Settings: This indicator gives you information about 4 different divergences. You can customize the divergence views with the show and hide options. Bullish Regular, Bullish Hidden, Bearish Regular and Bearish Hidden. Green divergences from the bottom of the graph represent bullish, and red divergences above the graph represent bearish. Important note: Seeing a mismatch label definitely indicates that there is a mismatch between prices and rsi, but a mismatch does not always indicate a change in price. Potential Divergence: The indicator not only shows you past divergences, but also informs you of potential divergences based on the current status of the chart. A potential divergence may not turn into a true one if the price flow continues to increase or decrease in the same direction. But all divergences seen in the past must have been shown as potential divergences beforehand. Rsi Length, Rsi Source: Allows you to change settings for RSI values typically embedded within the indicator. Note: Pivot Source and RSI Source using the same type of candle data ensures that divergences are displayed correctly. ---------------------------------------------- EMA Settings: The indicator allows you to use 4 different EMA data in addition to Support and Resistance lines, Trend Channels and RSI divergences. By default, 21, 50, 100 and 200 are used. You can change the EMA values and colors in the Settings section, or you can use the show hide options in the Style section.
Pine Script™ Indikator
von HasanGocmen
2
Ma PullbackThis indicator is based on ema band.... condition for buy => 1) price should crossover ema band 2) price pullback on ema band but price should not close below lower band 3)after pullback green candle should close above ema band 4)check candle size when its crossing ema band 5)check previous canlde 7 should not touching cloud so (we can reduce range signal) condition for sell => 1) price should crossunder ema band 2) price pullback on ema band but price should not close above upper band 3)after pullback red candle should crossunder ema band 4)check candle size when its crossing ema band 5)check previous canlde 7 should not touching cloud so (we can reduce range signal) this indicator also for education purpuse how we can make pullback condition....
Pine Script™ Indikator
von Shauryam_or
9
Flying Dragon Trend IndicatorFlying Dragon Trend Indicator can be used to indicate the trend on all timeframes by finetuning the input settings. The Flying Dragon Trend family includes both the strategy and the indicator, where the strategy supports of selecting the optimal set of inputs for the indicator in each scenario. Highly recommended to get familiar with the strategy first to get the best out of the indicator. Flying Dragon Trend plots the trend bands into the ribbon, where the colours indicate the trend of each band. The plotting of the bands can be turned off in the input settings. Based on the user selectable Risk Level the trend pivot indicator is shown for the possible trend pivot when the price crosses the certain moving average line, or at the Lowest risk level all the bands have the same colour. The trend pivot indicator is not shown on the Lowest risk level, but the colour of the trend bands is the indicator instead . The main idea is to combine two different moving averages to cross each other at the possible trend pivot point, but trying to avoid any short term bounces to affect the trend indication. The ingenuity resides in the combination of selected moving average types, lengths and especially the offsets. The trend bands give visual hint for the user while observing the price interaction with the bands, one could say that when "the Dragon swallows the candles the jaws wide open", then there is high possibility for the pivot. The leading moving average should be fast while the lagging moving average should be, well, lagging behind the leading one. There is Offset selections for each moving average, three for leading one and one for the lagging one, those are where the magic happens. After user has selected preferred moving average types and lengths, by tuning each offset the optimal sweet spot for each timeframe and equity will be found. The default values are good enough starting points for longer (4h and up) timeframes, but shorter timeframes (minutes to hours) require different combination of settings, some hints are provided in tooltips. Basically the slower the "leading" moving average (like HMA75 or HMA115) and quicker the "lagging" moving average (like SMA12 or SMA5) become, the better performance at the Lowest risk level on minute scales. This "reversed" approach at the minute scales is shown also as reversed colour for the "lagging" moving average trend band, which seems to make it work surprisingly well. The Flying Dragon Trend does not necessarily work well on zig zag and range bounce scenarios without additional finetuning of the input settings to fit the current condition.
Pine Script™ Indikator
von MarkoP010
9
Flying Dragon Trend StrategyFlying Dragon Trend Strategy can be used to indicate the trend on all timeframes by finetuning the input settings. The Flying Dragon Trend family includes both the strategy and the indicator, where the strategy supports of selecting the optimal set of inputs for the indicator in each scenario. Highly recommended to get familiar with the strategy first to get the best out of the indicator. Flying Dragon Trend plots the trend bands into the ribbon, where the colours indicate the trend of each band. The plotting of the bands can be turned off in the input settings. Based on the user selectable Risk Level the strategy is executed when the price crosses the certain moving average line, or at the Lowest risk level all the bands have the same colour. The main idea is to combine two different moving averages to cross each other at the possible trend pivot point, but trying to avoid any short term bounces to affect the trend indication. The ingenuity resides in the combination of selected moving average types, lengths and especially the offsets. The trend bands give visual hint for the user while observing the price interaction with the bands, one could say that when "the Dragon swallows the candles the jaws wide open", then there is high possibility for the pivot. The leading moving average should be fast while the lagging moving average should be, well, lagging behind the leading one. There is Offset selections for each moving average, three for leading one and one for the lagging one, those are where the magic happens. After user has selected preferred moving average types and lengths, by tuning each offset the optimal sweet spot for each timeframe and equity will be found. The default values are good enough starting points for longer (4h and up) timeframes, but shorter timeframes (minutes to hours) require different combination of settings, some hints are provided in tooltips. Basically the slower the "leading" moving average (like HMA75 or HMA115) and quicker the "lagging" moving average (like SMA12 or SMA5) become, the better performance at the Lowest risk level on minute scales. This "reversed" approach at the minute scales is shown also as reversed colour for the "lagging" moving average trend band, which seems to make it work surprisingly well. The Flying Dragon Trend does not necessarily work well on zig zag and range bounce scenarios without additional finetuning of the input settings to fit the current condition. Strategy direction selector by DashTrader.
Pine Script™ Strategie
von MarkoP010
9
Average Trend with Deviation BandsTL,DR: A trend indicator with deviation bands using a modified Donchian calculation This indicator plots a trend using the average of the lowest and highest closing price and the lowest low and highest high of a given period. This is similar to Donchian channels which use an average of the lowest and highest value (of a given period). This might sound like a small change but imho it provides a better "average" when lows/highs and lowest/highest closing prices are considered in the average calculation as well. I also added the option to show 2 deviation bands (one is deactivated by default but can be activated in the options menu). The deviation band uses the standard deviation (of the average trend) and can be used to determine if a price movement is still in a "normal" range or not. Based on my testing it is fine to use one band with a standard deviation of 1 but it is also possible to show a second band with a different deviation value if needed. The bands (and trendline) can also be used as dynamic support/resistance zones. Trendline without deviation bands
Pine Script™ Indikator
von Daniel_Ge
Channels Strategy [Dimkud]Channels trading Strategy. Based on "Channels Strategy" by JoseMetal. To the original strategy added additional options and filters : Static SL/TP in percents (%), time delay between orders, ATR Filter, second Keltner Channel (Multi TimeFrame). Interface translated to English. Were good backtest results on many crypto tokens on 15m - 45m - 1h periods. Mostly with configuration: Keltner Channel (optimise parameters for every token) + Static SL/TP (optimise values for every token) + "Enter Condition" = "Wick out of band". The better is to optimise paramaters separately for Short and Long trading. And run two separate bots (in settings enable only Long or only Short.) Tested on real automated trading on few online bot platforms. (3comm, revenuebot, veles). Later I will make tutorial how to connect strategy to these platforms or contact me if you need help.
Pine Script™ Strategie
von dimkud
7
Trading ChannelTrading Channel aims to be a canvas on which to develop any strategy that the user feels comfortable with. The greatest utility of the script lies in the fact that it plots a channel over the price action, as a support and resistance pivot, within which the price action develops. It is a script of maximum simplicity in concept and development, but at the same time presents robust support to the price action and a quick visual aid complementary to any indicators that the user works with, feels comfortable with, and uses as a basis for their strategies. The script includes the following features (most of them disabled by default, available for potential use without the need to add additional indicators): Fast SMA Medium SMA Slow SMA (disabled) Fast EMA (disabled) Medium EMA (disabled) Slow EMA (disabled) Pivot Pivot SMA P Multiplier Set of resistance and support pivots according to the studies of John L. Person (R3, R2, R1, S1, S2, S3 and midpoints) (disabled by default) Channel for the current time period in use Channels for extended time periods (disabled by default) Various trend, momentum, and overbought/oversold indicating labels (note that the calculations for their representation are based on SMA's even though EMA's are visualized). SMA's/EMA's Both are available as both are used as basic indicators for different types of strategies. The default selection of SMA's in this case is based on the fact that the script development is largely based on the studies shared by John L. Person in the area of pivots and by Bill Williams in the area of fractals. Note also that for that same reason the various trend, momentum, and overbought/oversold indicating labels are calculated based on them. Set of resistance and support pivots They are included as a consultation tool especially for the higher time periods. They can be used to mark the most interesting supports/resistances and not lose sight of them while operating in lower time periods. Marking monthly, weekly, and daily pivots can be very useful. Additionally, marking S1 and R2 for bullish trends, S1 and R1 for ranges, and S2 and R1 for bearish trends can provide an even more precise framework to work on. P Multiplier It is set by default at 4, and is the basis for being able to consider during the use of a specific time frame, the price action with respect to higher time frames. It is the multiplier used for the generation of channels for extended time periods. Channel for the current time period in use It is a channel formed by the maximum and minimum closing of the last 21 periods. This value is modifiable and its adjustment depends on the asset under study. 24/7 markets show good results with this adjustment (in the case of BTC really good). This channel represents a pivot in the form of a yellow middle line, with its support and resistance extremes on the upper green and lower red lines. The same green and red lines, referenced this time to the maximum, are added and serve as possible stop-loss marks. Channels for extended time periods Enabling the maximum and minimum channels for extended periods can provide a better idea of the price situation (it is recommended to disable the channel in use and enable the upper one for consultation, it provides a better vision). Identifying labels: Following a summary explanation for possible long entries, the same but opposite should be considered for possible short entries: Small green arrow under candle: indicates possible upward trend (pivot above pivot SMA) Large green arrow under candle: indicates upward trend (pivot above pivot SMA and above fast SMA) Green triangle over candle: indicates channel breakout, possible upward momentum (represented as a fractal as its concept is the same) Green/red arrows at the bottom of the chart: intended to confirm the validity of a signal (should doubt green indications with red lower arrow and vice versa) Green/red dots at the bottom of the chart: red represents areas of strong resistance and green signals of strong support (with red dots, proceed with caution despite green signals, and vice versa) Comments It is emphasized that the basic and most useful functionality of this script is to provide a reliable base on which to develop any strategy, as a framework for working. If the identifying labels are used, it should be taken into account that the earliest will always be the most reliable and valuable, but their confirmation will always depend on the user's strategy. Its use in conjunction with the "Pivot Position for Trading Channel" indicator can serve as a base for the development of different strategies, by providing indication of the relative position of the price within the channel. This script is just a consultation tool with didactic goals, it should not be used as an investment recommendation and the information provided should not be relied upon as such. ------------------------ Trading Channel pretende ser un lienzo sobre el que desarrollar cualquiera que sea la estrategia con la que el usuario se sienta más cómodo. La mayor utilidad del script radica en que se traza sobre la acción del precio un canal, a modo de pivotes de soporte y resistencia, dentro del cual se desarrolla la acción del precio. Se trata de un script de máxima sencillez en concepto y desarrollo, pero que a la vez presenta un soporte robusto a la acción del precio y una ayuda rápida visual complementaria a cualquieras que sean los indicadores con los que el usuario trabaje, se sienta más cómodo y utilice como base de sus estrategias. El script incluye las siguientes funcionalidades (la mayoría desactivadas por defecto, disponibles para su potencial uso sin necesidad de añadir indicadores adicionales): - SMA rápida - SMA media - SMA lenta (desactivada) - EMA rápida (desactivada) - EMA media (desactivada) - EMA lenta (desactivada) - Pivote - SMA de pivote - Multiplicador de P - Conjunto de pivotes resistencia y soporte de acuerdo a los estudios de John L. Person (R3, R2, R1, S1, S2, S3 y puntos medios) (desactivados por defecto) - Canal para el periodo temporal en uso - Canales para periodos temporales extendidos (desactivados por defecto) - Diversas etiquetas indicativas de cambios de tendencia, de impulso y de sobrecompra y sobreventa (nótese que los cálculos para su representación están basados en SMA's aunque se visualicen EMA's). SMA's/EMA's Ambas disponibles pues tanto unas como otras son utilizadas como indicadores básicos para diferentes tipos de estrategias. La selección de SMA's por defecto en este caso se basa en que las bases para desarrollo del script son en gran medida los estudios compartidos por John L. Person en el área de pivotes y de Bill Williams en el área de los fractales. Nótese también que por esa misma razón las diversas etiquetas indicativas de cambios de tendencia, impulso y sobrecompra/sobreventa se calculan en base a ellas. Conjunto de pivotes resistencia y soporte Se incluyen como herramienta de consulta sobre todo para los periodos temporales más altos. Pueden utilizarse para marcar los soportes/resistencias de más interés y no perderlos de vista mientras se opera en periodos de tiempo más bajos. De acuerdo a los estudios de John L. Person, marcarse los pivotes mensuales, semanales y diarios puede resultar de mucha utilidad. Adicionalmente, marcar S1 y R2 para tendencias alcistas, S1 y R1 para rangos, y S2 y R1 para tendencias bajistas puede proporcionar un marco aún más preciso sobre el que trabajar. Multiplicador de p Está fijado por defecto en 4, y es la base para poder considerar durante el uso de una franja temporal concreta, la acción del precio respecto a franjas temporales superiores. Es el multiplicador utilizado para la generación de los canales para periodos temporales extendidos. Canal para el periodo temporal en uso Se trata de un canal conformado por los cierres máximos y mínimos de los últimos 21 periodos. Este valor es modificable y su ajuste depende del activo en estudio. Mercados 24/7 muestran buenos resultados con este ajuste (en el caso de BTC realmente buenos). Este canal representa en cierta manera un pivote en forma de línea intermedia amarilla, con sus extremos de soporte y resistencia en las líneas verdes superior y roja inferior. Se añaden las mismas líneas verdes y rojas, referenciadas esta vez a los máximos, que sirven como posibles marcas de stop-loss. Canales para periodos temporales extendidos Habilitar los máximos y mínimos de canales de periodos extendidos puede proporcionar una mejor idea de la situación del precio (se recomienda deshabilitar el canal en uso y habilitar el superior para consulta, proporciona una mejor visión). Etiquetas identificativas: A continuación explicación resumida para posibles entradas en largo, lo mismo pero de modo opuesto debería considerarse para posibles entradas en corto: Flecha verde pequeña bajo vela: indica inicio de tendencia en alza (pivote por encima de SMA de pivote y ambos por encima de SMA rápida) Flecha verde grande bajo vela: indica tendencia en alza (pivote por encima de SMA de pivote y ambos por encima de SMA rápida y media) Triángulo verde sobre vela: indica rotura de canal, posible impulso al alza (representado a modo de fractal pues su concepto es el mismo) Flechas verdes/rojas a pie de gráfico: pretenden confirmar la validez de una señal (debería dudarse de las indicaciones verdes con flecha inferior roja y viceversa) Puntos verdes/rojos a pie de gráfico: los rojos representan áreas de fuerte resistencia y los verdes de fuerte soporte (con puntos rojos, proceder con cautela pese a señales verdes, y viceversa) Comentarios Se insiste en que la funcionalidad básica y de mayor utilidad de este script es proporcionar una base confiable sobre la que desarrollar cualquier estrategia, a modo de marco de trabajo. Si se hace uso de las etiquetas identificativas, debe tenerse en cuenta que las más prematuras siempre serán las más confiables y valiosas, pero que su confirmación siempre dependerá de la estrategia por parte del usuario. Su uso en conjunción al indicador "Pivot Position for Trading Channel" puede servir de base para el desarrollo de diferentes estrategias, al proporcionar indicación de la posición relativa del precio dentro del canal. Este script es solo una herramienta de consulta con objetivos didácticos, no debe ser utilizado como recomendación de inversión y no se debe confiar en ella como tal.
Pine Script™ Indikator
von Pachitan
1
Hull Kaufman SuperTrend Cloud (HKST Cloud)TLDR: This is a long only trend following system that uses highest and lowest values of three trend following indicators to form a "cloud". Enter when the candle high crosses above the highest band. Close if the low or close crosses below the lowest band. 3 indicators 1. Kaufman Adaptive moving Average - set at 20 2. Hull Moving Average (of the Kaufman Adaptive moving average) - set at 20 3. SuperTrend - I believe this is set at 5 periods and 3*atr but this can be changed Cloud the upper band is the highest of the 3 indicators the lower band is the lowest of the 3 indicators Entry and Exit: Enter when the high crosses above the upper band of the cloud. (This means you will only get a long signal if the high was previously below the upper band of the cloud and then crosses over.) Exit when the low crosses below the lower band of the cloud . (This means that this rule will only close if the low was previously above the upper band and then crosses under) The "Exit" may not trigger if the low (the wick) never gets above the band. In this case the long order will close if the closing price is below the cloud. Logic Kaufamn is the best moving average i have found at responding to changes in volatility. This means it moves up or down quickly during expansive moves but becoming very flat during relative choppiness. However, getting flat causes the the Kaufman AMA to trigger a lot of false signals when volatility is transitioning from high to low. This is why the Hull moving average (with its rounded turns) keeps a lot of the false continuations contained because usually prices need to decisively move higher in order to over come the Hull moving average which continues to increase/decrease during the candles after an expansive move. The super trend places a stagnant floor and ceiling which acts as a great stoploss or trigger as price action attempts to trend in a certain direction. The super trend allows for the user to adjust the likely hood of this cloud indicator changing from bullish to bearish based on the volatility of the asset that is being analyzed. individually all of these are great. Together the trader can use this cloud to create a trend following or anlysis system that captures the bulk of moves. Not my best explanation but this indicator is actually pretty simple. Hope this helps. Happy Trades -Snarky Puppy
Pine Script™ Strategie
von SnarkyPuppy
Dual Bollinger Band Mean ReversionSimple but solid mean reversion indicator with sl and tp levels. Most of the code is based on the built in bollinger bands script. Designed for scalping 1-5 minute timeframes. The indicator consists of two sets of bollinger bands. Price has to close below the lower (fast) bollinger band, above the moving average of the (slower) bollinger band. If price now closes above the lower (fast) bb, the indicator draws a label at the open of the next candle (which would be a potential entry point). Take profit becomes the upper bollinger band, stop loss the same distance below the open of the candle. I've built in a simple backtesting function that calculates the potential win/loss-ratio. Loss and profit levels are 1:1. Exit strategy could be improved on. Adjusting the lengths depending on the asset proves to be a good idea. The slower bollinger bands can help to identify ranging markets and/or trends following regular bollinger bands theory. Feel free to comment with any changes that you'd like to be made.
Pine Script™ Indikator
von pb-algo
Ichimoku Cloud and ADX with Trailing Stop Loss (by Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals. The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up. The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down. DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI, the trend is weak or moving on the downside. The ADX does not give an indication of the direction but about the strength of the trend. Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +DI positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach. Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is maybe about to reverse. This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades. Long orders are placed when these basic signals are triggered. Long Position: Tenkan-Sen is above the Kijun-Sen Chikou-Span is above the close of 26 bars ago Close is above the Kumo Cloud MACD line crosses over the signal line -DI is greater than +DI ADX is greater than 45 Close Position: 3% increase trailing 3% decrease trailing The script is backtested from December 2022 and provides good returns. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
Pine Script™ Strategie
von Coinrule