RSI Classic Strategy (by Coinrule)One of the questions hobbyist traders more often ask is: what is the perfect trading indicator?
Every indicator is just a tool, so its efficiency is proportional to your ability to read its signals and translate them into an actionable trading strategy. The RSI is likely the most flexible and easy to use among the technical indicators.
This trading strategy tries to catch short-term swings on the coins of your choice with a simple yet profitable setup.
Buy when the RSI is lower than 30 (you can adjust it to 35 in times of steep uptrend).
Sell when the RSI is greater than 65 (the target may range between 60 and 75 depending on the volatility of the coin).
Note that the buy signal comes when the indicator crosses below 30 and not when it crosses above 30 as it happens on the built-in RSI strategy on Tradingview.
The present script overperforms the built-in strategy, even adding trading fees and using a lower amount of capital for each trade (30%). That means that the system can deliver higher net-profits with lower risk levels.
A typical example of market conditions where this strategy works perfectly is as follows.
The first initial breakout indicates that a new leg up in the trend may start. Bitcoin starts to trade within a range which you can identify when it reaches the point 3. That is the perfect time to start the rule because
- trading within a channel anticipates possible swings up and down
- the trend is on the upside, providing low downside risk in buying the dips.
This strategy works well with selected coins of your choice, and it's a great fit on leverage exchanges like Binance Futures.
If you prefer to run it across all available coins on the market, instead, you may choose an optimized version.
In den Scripts nach "one一季度财报" suchen
MJ ECT== One Line Introduction ==
ECT is a multi-level, trend focused technical indicator based on a three-step hierarchical approach - comprising the tide, wave, and ripple - to trend identification.
== Indicator Philosophy ==
The author believes that market trends can be understood in a three-step hierarchy, with tide at the top, wave in the middle, and ripple at the bottom, corresponding to long-, middle-, and short-term momentum in the stock price. This indicator therefore comprises three technical indicators which aims to reflect the abovementioned features of a trend. These three components are True Strength Index (TSI), Exponential Moving Averages ( EMA ), and Commodity Channel Index ( CCI ).
== Indicator Components and Breakdown ==
True Strength Index (TSI) -> Tide
A 20-period TSI is used to visualize the bullish or bearish sentiment surrounding the stock. Crossovers above the zero line are interpreted as bullish while crossovers below the zero line are interpreted as bearish . This is painted into the background where green represents bullish and red represents bearish . While the background is red ( bearish ), no bullish positions should be taken. Hence, the TSI painted background acts as a directional bias filter and going against the bias is not recommended. After understanding the directional bias, the user can delve further into the areas of value for the stock in the Wave.
Exponential Moving Averages ( EMA ) -> Wave
Four EMA are used (20, 50, 100, 200) to identify the dynamic support and resistance waves in a trending market. Stock price pullbacks into any of these EMA represent areas of value where the user can consider taking positions. The correct EMA to use depends on individual stock's behavior, with multiple bounces on a specified EMA being the priority. After understanding which wave best reflects the area of value of a stock, the user can move on to the Ripple to time their entries.
Commodity Channel Index ( CCI ) -> Ripple
A 5-period CCI is used to identify short-term oversold conditions where prices are on discount. Discount is defined by the 5-period CCI crossing below -100 as it reflects a weekly oversold condition. The indicator will display a small triangle below the candle when this condition is met.
== Ready To Deploy Field Manual ==
When background is painted red, do nothing.
When background is painted green, begin thinking of bullish opportunities.
Look for the specific EMA that has the most bounces of stock price in recent months, this is the area of value to look for buying opportunity.
For the candles that intersect the EMA you identified above, watch for the appearance of a small triangle below the candle that tells you the entry timing.
When the entry timing signal triangle appears, remember the High of that candle and buy your position when the subsequent candle breaks above this High.
If the High is not broken above in the next immediate candle, remember the newer High of the newer candle (basically follow / trail the latest High until a break above is hit).
If the background turns from green to red, stop following the High and do not enter because the market sentiment has changed to bearish .
If you are holding an existing position and the background turns red, consider exiting the position. You may consider remembering the Low of the candle and exit your position if this Low is broken below on a subsequent candle.
== Best Wishes ==
The author wishes the best success for all users of this technical indicator.
Previous days highs and lowsA script which marks a line pointing the highs and lows of the previous trading day.
World market Session Information for bitcoinIt marks out different world markets active timings on the bitcoin charts.
You can also modify the script to a strategy and test out different strategies.
MTF CandlestickOne of the most important thing to understand in order to estimate the trend direction and its continuation is how the lower time frame candlesticks have been formed.
There are many processes by which candlesticks have been formed even if same size.
So in this script, daily candlestick is overlapped on the currently chart as default, and that can be changed.
Only real body is shown so as not to interfere with the currently chart.
One Percent Move Study (For your Alerts)This is a simple script that can be used to alerts. The signal1 variable goes to 100 if there is a 1% up move in a tick, and goes to -100 if there is a 1% down move in a tick for an asset. This is best on a 1 minute or 5 minute chart.
This example shows this on the DeFi exchange Uniswap for the UNI/ETH pair
Multi-time-Frame number of days in the chartHelps to see the number of days in any default timeframe chart. (Not yet tested with custom time frames!)
Please like and favorite this script if you like it!
Any donations of tradingview coins to help me buy a tradingview pro membership would also be highly appreciated! Thank you!
Noro's Trend Ribbon StrategyOne moving average ( SMA ) is used. The channel is convened at a moving average rather than prices. Blue is a uptrend. Red is a downtrend.
If the candle has closed above the ribbon - open long (and close short)
If the candle has closed below the ribbon - open short (and close long)
BTC Net Volume Delta (Spot)One of my favorite indicators for trend analysis. We sum the volume from all significant BTC Spot exchanges and subtract the sell volume from the buy volume for a cumulative total. A futures version is also available but spot volume is more consistent for analysis. To follow trends you can buy when sell momentum is decreasing, and sell when buy momentum is decreasing.
Do you have any ideas for monitoring sentiment or open interest across multiple exchanges? Message me and I will try to make it happen.
Code Upd: Weis Wave Volume [LazyBear] v4One of the review indicator from me.
I reviewed code for more comfortable use - the basic code was not modified.
Enjoy it!
Code Upd: On Balance Volume Oscillator [LazyBear] v4One of the review indicator from me.
I reviewed code for more comfortable use - the basic code was not modified.
Enjoy it!
Common Moving averages ( 4 EMA + 3 SMA)Common moving averages used are included in the script. Customize them as per your wishes.
MA's set as default are
21 EMA
50 EMA , SMA
100 EMA , SMA
200 EMA , SMA
Please favorite it if you like it! Thanks!
RSI + Composite Index [SHK]One of the most powerful indicator based and divergence strategies i have ever seen was made by Constance Brown.
The Composite Index:
The best way to think of the Composite Index as it applies to the RSI is to think of the RSI as Windows 3.0 and the Composite Index as Windows 10. Constance Brown discovered that the RSI, while it does create and detect divergences, does is not as accurate as it could be. It’s a bit of an oxymoron to say this but the RSI is a momentum indicator without any momentum calculation attached to it. The RSI actually misses a significant amount of important moves and even generates some bad moves. What Constance Brown did with the RSI is to input a momentum calculation within the RSI itself.
Usage:
1. Check hidden and regular divergences on RSI+COMPOSITE_INDEX and PRICE+COMPOSITE_INDEX.
2. After finding divergence wait for COMPOSITE_INDEX to cross under/over it's moving averages to trigger.
Useful Note:
"RSI overbought/oversold as filter", "RSI and COMPOSITE_INDEX trendline as trigger", "RSI 50 Over/Under as trend direction detection", ... can be add to this strategy.
Enjoy!
Leeloo Quadruple (4x) Simple Moving AverageOne-stop shop for all of the simple moving averages because editing separately is annoying.
ATR stop and threshold valueOne can use the average true range for both entries and stops. A possible way to reduce false breakouts is to enter (say) at 0.5 * atr above the breakout level. Then you could use a 1.0*atr for a stop setting. This indicator allows you to set entries and stops for both long and short setups directly on the chart. I use it with breakout systems as it allows me to easily setup my trades.
Multiple Simple Moving AveragesOne no-fuss indicator for SMA for 6 different time period (10, 20, 50, 100, 200, 250), styled with sharp and thin line for shorter time period to light-coloured and wide line for longer time period.
Multi Color Normalized MACD + Candles (NMACD) [cI8DH]One simple indicator for volatility, divergence and relative momentum
Features:
- Normalized MACD (by slow MA)
- Candle MACD (fast MA length is set to 0 in candle mode, i.e. price minus slow MA)
- Multi color histogram
- Background coloring based on MACD direction
- Choice of different MA types (Exponential, Simple, Weighted, Smoothed, Triple EMA)
- Triple EMA smoothing
Benefits of normalization:
- Absolutely better than RSI for comparing across different periods and assets
Applications and benefits of candle visualization:
- Zero cross: most traders use MAs overlaid on the main chart and look for price distance and MA cross visually. In candle mode, this indicator measures the difference between price and the slow moving MA. When this indicator crosses zero, it means price is crossing the slow moving MA.
- Divergence: full candle visualization (OHLC) is not possible for most other indicators. Candle visualization allows measuring divergence between price high, low and close simultaneously. Some trades incorrectly measure divergence between high, low of price against indicator tops and bottoms while having the indicator input set to default (usually close). With this indicator, you don't need to worry about such complexities.
Recommended setting:
- Enjoy candle mode :)
- Source set to hlc3
Fibonacci Exponential Moving Averages (+ 200EMA)One indicator to rule them all...
So here you have the fib based EMA`s (8,3,21,55) plus I added the 200 EMA cause I love it and should give you the complete picture. Have fun!
To add click on "Add to favorite scripts" and then select in your TV settings.
*Thanks to behind_crypto for publishing the base version of the script!*
EMA50Diff & MACD StrategyOne of my attempts to create a strategy for BTC.
Its a combination of EMA50Diff (the difference between spot and EMA50) and MACD.
Buy signal if (EMA50Diff) < -(EMADiffThreshold),
(MACD bearish crossunder),
(MACD) < -(MACDThreshold),
(EMA50Diff) > (EMA50Diff 1 candle ago),
(EMA50Diff 1 candle ago) < (EMA50Diff 2 candles ago)
Sell signal if (EMA50Diff) > (EMADiffThreshold),
(MACD bullish crossover),
(MACD) > (MACDThreshold),
(EMA50Diff) < (EMA50Diff 1 candle ago),
(EMA50Diff 1 candle ago) > (EMA50Diff 2 candles ago)
Exit either when target or stoploss get reached.
Initial capital is set to 100k and its currently going all-in on every trade but im looking for a better way to handle position sizes already..
Also i included slippage of 30 ticks and exchange commission of 0.15% (e.g. 2x BitMEX market taker fee)
Works best on 15m on bitfinex, bitstamp and gdax and i'm still trying to optimize it for bitmex too, will update when i got there..
RSI / Stoch / Stoch RSI (SRSI) Overlay [SigmaDraconis]One indicator combining RSI, Stochastic Oscillator and Stochastic RSI in one.
Credits for rwhiteside and his RSI / Stoch RSI Overlay indicator who served as inspiration to all three.
I believe this will be very useful to a lot of people.
If you like, use and i prove to be , you can contribute to my
TIP JAR :
DAX/CAC40 SpreadOne more spread. You can change symbol by click on the input symbol window, and use anyone you like
