Always trade using 5 mins Time frame of chart.
For Buy entry always buy 1 point above the candle closing price & SL would be previous candle low or 30 points.
For Sell Entry Always Sell 1 point below the candle opening price & SL would be previous candle high or 30 points.
Do not take trades using 3 mins Time frame, as there is lot of noise. It works best with 5...
Learning to trade is complicated enough, so to make the process it little less daunting, I decided to create something helpful.
This indicator relieves you of drawing the same lines and levels over and over each trading day.
It also provides key price levels for you to watch when the trading session starts.
This project is inspired by the ICT 2022...
This is an intuitive risk management tool with a minimalist design.
This calculator will determine your position size per trade, profit, loss, risk/reward ratio and leverage if any.
It will calculate your leverage if you are trading financial instruments e.g. Mini Futures , Turbo Warrants etc. that have a financing level.
Tip: Use this as a complement to the...
█ OVERVIEW
Here I present to the community at large a collection of code comment blocks that I think will be useful, especially for larger script projects bordering on 2,000 lines or above of code.
█ PLANNED FUTURE UPDATES
Work with the community to expand this template to be even more useful with the inclusion of useful global colour sets,...
Hi,
Here is a 'template', using array's, for multiple orders and different SL/TP levels per trade (This is an example with max 5 open trades)
The 'switch' makes sure that the first available position will be used,
for example, when 'L1' is closed in the past, and a buy condition is triggered, position 'L1' will be filled,
should it be that 'L1', 'L2', 'L3' are...
Looking into a question from user Alex100, i realized many people do want some kind of values displayed on chart when they hover the mouse over different bars.
As pinescript does not have any feature like pop up box, the only way is to plot a line and than see indicator values at top left. So when mouse is moved around the value displayed changes. As we just...
We will be using the 200 EMA for identifying the trend of the market & possible cross overs for Swing trades. Pivot points will be really useful for defining the Supports & resistance. By combining with these two strategies we can understand the markets simple & clear. No need to fill your chart with Graphical designs.
––––History & Credit
I wanted to show our community the idea that stocks that make All Time High are likely to continue making ATHs for some time. It goes contrary to the idea "buy cheap sell high". Actually, in the real market leaders the stocks that make 100+% return are just getting started on returns to few THOUSAND percent. I have used code from QuantNovad...
In this script I use a simple, not necessarily profitable, strategy of a cross of MAs to teach how to calculate and plot the PnL of each trade made by the indicator. I also show how to calculate the cumulative PnL of all trades and the Buy and Hold of the same period.
These calculations which are natively available in any strategy script, require a bit of...
Hello All,
This is an experimental work to show 10 moving averages in 3D by using linefill.new() feature of the Pine language.
You can set moving average type as Simple (SMA) or Exponential (EMA)
You can set "Starting Length" and set the "Step" to calculate other lengths. For example; if "Starting Length" is 10 and "step" is 5 then the lengths are 10, 15, 20,...
This is an Indicator specifically made for BTC/USD ( Index)
Zoom out on Daily and Weekly candles as much and you can SEE a trend . A very very important trend and you shall remember this indicator with Years to come . This is a VERY long term type indicator and can help you with long term hodling investor mindset analysis .
Multi-Timeframe Dashboard
Shows values of different Indiactors on Multiple-Timeframes for the selected script/symbol
VWAP : if LTP is trading above VWAP then Bullish else if LTP is trading below VWAP then Bearish.
ST(21,1) : if LTP is trading above Supertrend (21,1) then Bullish , else if LTP is trading below Supertrend (21,1) then Bearish.
ST(14,2) : if LTP is...
Nifty / Banknifty Dashboard :
Shows Values of different Indicators on current Timeframe for the selected Index & it's main constituents according to weightage in index.
customized for Nifty & Banknifty (You can customize it according to your needs for the markets/indexes you trade in)
Interpretation :-
VWAP : if LTP is trading above VWAP then Bullish else if...
Use for intraday proper stop losses and targets.
When the price goes above the first level wait for a signaling candle and once we have it place your stop loss just above the second level for short trade and vice versa for long trades.
![XAUUSD: [TEMPLATE] Code Block Comments](https://s3.tradingview.com/w/wzevYXew_mid.png "[TEMPLATE] Code Block Comments")
![MSFT: [TTI] All-time-high (ATH), (ATL), 52 week high and low Dots](https://s3.tradingview.com/t/TgjrnS39_mid.png "[TTI] All-time-high (ATH), (ATL), 52 week high and low Dots")
