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Correlation Cycle, CorrelationAngle, Market State - John EhlersHot off the press, I present this "Correlation Cycle, CorrelationAngle, and Market State" multicator employing PSv4.0, originally formulated by Dr. John Ehlers for TASC - June 2020 Traders Tips. Basically it's an all-in-one combination of three Ehlers' indicators. This power packed triplet indicator, being less than a 100 line implementation at initial release, is a heavily modified version of the original indicator using novel techniques that surpass John Ehlers' original intended design. This is also a profound script in numerous ways. First of all, these three indicators are directly from the illustrious mastermind himself Dr. John Ehlers. Secondarily, this is my "50th" script published on TV, which makes it even more significant. I'm especially proud of this script to "degrees" of imagination I once didn't know was theoretically possible in code. My intellect has once again been mathemagically unlocked pondering new innovations with this code revelation. Thirdly, this PSv4.0 script shows the empowering beauty and elegance of hacking the stock markets with TV's ultra utilitarian Pine Editor(PE) in a common browser! Some of you may be wondering if I worked on this for days... nope! This only took a few hours, followed by writing this description for another hour plus. I have created many of Ehlers' indicators in PE, a few of which I have published in my profile, but I wanted to show how programming with Pine Script can be an artistic form of craftsmanship and poetry. None of this would be possible without the ingeniously minded Tradingview staff revolutionizing algorithmic trading at it's finest. If you should ever encounter them by chance, ponder humbly thanking these computing wizards for their diligence and dedication. They are providing, and shall award to us members, some of the most fascinating conceptualized tech imaginable in the coming future. I can assure you, much, much more is yet to be unveiled for us TV members/enthusiasts. Thank you TV and all you offer to this community. As always, I have included advanced Pine programming techniques that conform to proper "Pine Etiquette" by example. There are so many Pine mastery techniques included, I don't have an abundance of time to elaborate on all of them. For those of you are code savvy, you may have notice I only used one "for" loop for increased server efficiency, instead of the two "for" loops in the original formulation. For those of you who are newcomers to Pine Script, this code release may also help you comprehend the immense "Power of Pine" by employing advanced programming techniques while exhibiting code utilization in a most effective manner. This is commonly what my dense intricate code looks like behind the veil. If you are wondering why there is hardly any notes, that's because the notation is primarily in the variable naming. Features List Includes: Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting AND a few more... Why list them, when you have the source code! The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script® Indikator
von ImmortalFreedom
27
Percent Trailing Stop (%) - For Study Scripts=========== Percent Trailing Stop (%) - { FOR STUDY SCRIPTS } =========== Wow - this is an example of how to implement Alerts relating to a Trailing Stop (%) within your Study Script. It's taken a bit of effort to get this working but I think we got there! Alerts include Open Long/Short, Trailing Stop Hit, and (the most important one) Movement of Trailing Stop! <- this is actually really quite good, by the way! :) You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT profitable and NOT recommended! You should be using this code as a way of adding a Trailing Stop to your own scripts - hope it helps! Set your "Open Long/Short" Alert to "Once per Bar Close" - Set your "Trailing Stop Hit" Alert to "Once per Bar" - Set your "Move TSL" Alert to "Once per Bar Close". - You're all done! Enjoy. ----------- Good Luck and Happy Trading!
Pine Script® Indikator
von theCrypster
11
Fixed Percent Stop Loss & Take Profit % - For Study Scripts=========== Fixed Percent Stop Loss & Take Profit % - { FOR STUDY SCRIPTS! } =========== A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price - This is for setting Alerts within your own Study Script for when either your SL or TP get hit. Yup, that's about it! You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT profitable and NOT recommended! You should be using this code as a way of adding Stops and Takes to your own scripts - hope it helps! Set your "Open Long/Short" Alerts to be triggered "Once per Bar Close" - Set your "SL/TP" Alerts to trigger "Once per Bar". -- We wrote this with a bit of a rush on! ~ If you spot any mistakes/bugs just let us know and we'll get round to them asap! ----------- Good Luck and Happy Trading!
Pine Script® Indikator
von theCrypster
49
CactusTrend-8HThis a trend based indicator that can help with finding both low timeframe and high timeframe trends within price action. I personally like to use this indicator on a 8H timeframe (2h also works well), the clouds represent high timeframe trend, bullish when blue and bearish when red. The candles themselves are coloured based on low timeframe trend when red PA is bearish LTF and when blue PA is bullish LTF. I think using both trend indicators together can be pretty rewarding, as it can be super profitable to take LTF profits when price is touching HTF trend support etc.
Pine Script® Indikator
von TheCryptoCactus
Pseudo-Random Number Generators via Pine ScriptThese are my "Pseudo-Random Number Generators via Pine Script", having uniform distribution between 0 and 1. In my quest for sequential pseudo-random numbers in Pine, tinkering with mathematical chaos, I have come up with these three simple yet handy generators. I believe these may be useful in the future by developers of the Tradingview community. NOTICE: Use it as you please, this is free code to implement into your new Pine projects. You don't have to ask for my permission to reuse these functions in your published scripts, simply because I have better things to do than answer requests for the reuse of these simplistic PRNG functions. I don't require accreditation for members to reuse these functions either. I simply don't want any credit. I only require that you respectfully put it to "good and proper use" complimenting the elaborate script you have in mind. I would however like to see some great ideas utilizing these when I randomly and accidentally come across them in the public library. I didn't know where to put this script, so I just tossed it into the "Trend Analysis" category. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script® Indikator
von ImmortalFreedom
11
TS - Trading AlgorithmWhat is it? The Tradespot MA Algo is an all in one, profitable moving average based trading strategy that presents long and short opportunities. This indicator does not repaint. Once a bar has closed, the signal will remain permanently printed onto the chart. What can I do with it? Use on the following markets: COINBASE:BTCUSD COINBASE:ETHUSD COINBASE:ETHBTC Timeframe: 1D What does each signal mean? Long label is a strong buy signal Short label is a strong sell signal X's indicate a warning telling you that you should possibly exit your position. You should review these signals alongside other indicators such as volatility. Review X signals? Yes, there are concrete buys and sells but the X's indicate possible exits that might also be fakeouts, we can created the perfect indicator set up to review these with our TS - Trend Confirmation indicator and our TS - Volatility Screener indicator How do I get access? Please contact me on TradingView for details.
Pine Script® Indikator
von Tradespot
1
EMI 1 (v3.1)After months and months of back-testing. I finally decided to release this update. Would also like to give out a special thanks to TradingView for making it possible to create scripts and share this with the community. I have acquired a lot of information in this community. I believe that when you take, you should also share. That’s why I am sharing this wonderful indicator for free. Remember, knowledge and experience is the most valuable things in life. EMI, short for Epic Market Indicator: 60-80% theoretically profitable trades, depending on the time period. However if you use EMI blindly, the percentage might even go lower. Nevertheless, there should be enough presenting opportunities, if you use her wisely. Remember, like any instrument, 'practice makes perfect'. EMI 1 is actually a combination of diverse indicators: Tesla EMA/SMA Ribbon: Periods based upon Nikola Tesla's favorite numbers; 3, 6, 9. (Disabled by default) Fibonacci EMA Ribbon: Periods based upon Fibonacci frequency; 21, 34, 55, 89. (Enabled by default) Regular EMA/SMA Ribbon: Periods based upon Standard frequency; 10, 20, 100, 200. (Disable by default) Pivots (Disabled by default). Bollinger bands (Disabled by default). Bar trend color (Disabled by default). Buy & Sell signals, which makes EMI a unique indicator: Based upon diverse indicators & oscillators buy or sell signals. Not predictions, but high probabilities.(Enabled by default, obviously ^^ ) Red symbols are sell or short signals / Green symbols are buy or long signals. Dots represents possible price action trend reversals and the diamond symbols could be a possible confirmation and the big X is even a stronger confirmation signal. (A top or bottom, not THE bottom or top). These signals are based upon certain buy & sell conditions by a diversity of indicators known by most traders. Think for example, crossing EMA’s, Stochastic RSI , MACD , oversold and overbought territories. New v3.1: Modified to even more accurate buy & sell signals Yellow X Bar trend colors based on Money Flow Velocity or Money Flow The signal conditions are based on different oscillators, known by many traders. ALWAYS wait for the candle to close and preferring even more confirmations before taking any consideration nor actions. No signals means most of the time trend continuation. EMI 2 in combination with EMI 1 and traditional authentic pattern formations with a darkened theme is recommended. For more explanation please ask my on streams or join my academy once it's online! Good luck fellow traders and don't forget to tap the like & follow button. Thanks in advance.
Pine Script® Indikator
von bonic
7
EMI 2 (v2.1)After months and months of back-testing. I finally decided to release this update. Would also like to give out a special thanks to TradingView for making it possible to create scripts and share this with the community. I have acquired a lot of information in this community. I believe that when you take, you should also share. That’s why I am sharing this wonderful indicator for free. Remember, knowledge and experience is the most valuable things in life. EMI, short for Epic Market Indicator: 60-80% theoretically profitable trades, depending on the time period. However if you use EMI blindly, the percentage might even go lower. Nevertheless, there should be enough presenting opportunities, if you use her wisely. Remember, like any instrument, 'practice makes perfect'. This indicator is a combination of different oscillators: Common: MACD VWAP RSI Stochastic Money Flow Money Flow Velocity Buy & Sell signals Bottom & Top signals Volume Flow heat map New v2.1: Money Flow Velocity RSI added level 1 & 2 over-bought or -sold territories Modified Top & Bottom conditions Modified algorithms for even more accurate analysis Modified Money Flow settings RSI turns green or red when entering overbought or oversold territories. Dots on wave crossings are buy or sell signals. Diamonds above are possible bottoms and tops. Green = Possible Bull/Bottom signals Red = Possible Sell/Top signals The signal conditions are based on different oscillators, known by many traders. ALWAYS wait for the candle to close and preferring even more confirmations before taking any consideration nor actions. No signals means most of the time trend continuation. EMI 2 in combination with EMI 1 and traditional authentic pattern formations with a darkened theme is recommended. Good luck fellow traders and don't forget to tap the like & follow button. Thanks in advance.
Pine Script® Indikator
von bonic
2
Rogue Profit Alert IndicatorThis is a complex script developed to measure specific volatility parameters and enter trades based on predetermined rules which are proprietary and will not be released, so don't ask for specific indicator settings. This indicator accompanies the "Rogue Profit Strategy" and can be used for creating alerts based on the strategy's performance. Please read the more in depth description on the "Rogue Profit Strategy" page. Make sure the input parameters are the same for both the Strategy and Indicator to insure accurate signals. This is a very powerful and profitable script that will simplify your trading and has been in development and tested for three years. Message for details on how to obtain access. Please allow up to 24 hours for a response.
Pine Script® Indikator
von Rogue_Profit_Trader
Correlation Trend Indicator - Dr. John EhlersHot off the press, I present this "Correlation Trend Indicator" employing PSv4.0, originally formulated by Dr . John Ehlers for TASC - May 2020 Traders Tips. John Ehlers might describe it's characteristics as being a mean reverting trend identification oscillator range bound to +/-1.0 irregardless of any timeframe or asset. I could have finessed this indicator with all kinds of bells and whistles, but I wanted to keep it simple and handy enough for novice Pine programmers or Tradingview newcomers to use. This algorithm, in a slightly modified form, is actually a small portion of the base code for John Ehlers' highly complex Autocorrelation Periodogram and his Convolution SwamiChart. Some members may have notice that I published a very similar script last month. That is correct. It's sole intention was completely different, having more diverse versatility and complexity, but with slightly reduced computational performance. While they seem eerily similar, they are genetically different. This function only has only one required "series" parameter and the correlation is calculated using the period, not bar_index. Correlating with bar_index or period yields identical results either way. Bottom line, this indicator is elegantly simplistic, yet highly utilitarian and easy to use. Features List Includes: Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting AND a few more... You have the source! The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script® Indikator
von ImmortalFreedom
10
Day & Week & Month & Quarter & Year Open Price PointsPresent to your attention, basic “Day & Week & Month & Quarter & Year Open Price Points Indicator” ! You can determine support & resistance using Yearly, Quarterly, Monthly and Weekly open price points on a chart with any timeframe. It is not a widely used technique, but according to different academic studies, levels are reliable. Google it! You can enhance your trading by adding that technique in your tool list. At the current stage, Indicator shows Open Price Points. Opening price points are extended into the future from the opening candle of each year, quarter, month and week and day. By nature of that points, every level may be used as a support and as a resistance level at a similar time. Initial setup: 1) Open the indicator Inputs settings, enable/disable additional Price Points. 2) Open the indicator Style settings, click on a style of each line and click on a “Price Line.” How to use that? With a lot of available strategies, there are two leading: Level convergence and Trend line convergence. 1) Level convergence involves locating two or more opening points that merge. This confluence can lead to greater accuracy and profitability. 2) Trend line convergence - The intersection of a trend line at a weekly, monthly, quarterly or even yearly opening level can produce fast and profitable reactions. Try that! As a stand-alone strategy, you can utilize that: Price action under the WO (DO, MO, QO, YO) – Bearish Price action above the WO (DO, MO, QO, YO) – Bullish TIP: opening level not always good as a stand-alone tool! Indicator Settings: Show Daily Open (disabled by default) Show Weekly Open (ON by default) Show Monthly Open (ON by default) Show Quarter Open (disabled by default) Show Yearly Open (disabled by default) Indicator Styling: By default, each line is shown in the form of circles, line-width 1, silver colour. Labels can be only in one of two states: Maroon (if open price less than ((open + high + low + close)/4) or Teal (if open price high than ((open + high + low + close)/4). Alerts: With the Indicator you can add a few different alerts: DO Alert WO Alert MO Alert QO Alert YO Alert Play with it: Add a new alert with following condition: your SYMBOL crossing DWMQY OPP Weekly Open. Options: Once per Bar. Future of the Indicator: The Indicator is a necessary part of more prominent Indicator which will include 8 modules in total: 2~ Arabian Wise Tunnels Module 3~ RH Waves Module (something like Vegas Waves) 4~ Trend Channels Module 5~ Opening Range Zoning Module 6~ Breakout Module 7~ BS Hemisphere Module 8~ Price Action Module DISCLAIMER! RISK WARNING! PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADERS SHOULD NOT BASE THEIR DECISION ON INVESTING IN ANY TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED, ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, TRADERS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS. //Written by iambitboy request.
Pine Script® Indikator
von Kopachelli
7
STEMWAPThis update includes the stop loss long and stop loss short adjustments as well as VWAP tuning into the STEM script. I tend to not use the VWAP tuning but sometimes the strategy script will benefit slightly from using it. The adjustment values make a huge difference, especially when using this on shorter time frames. The idea is to tweak the strategy settings until you have something profitable, then set your stemwap to those settings and use it as a helpful guideline for your day trades.
Pine Script® Indikator
von UnknownUnicorn2689000
EMA Mean Reversionthis is a mean reversion strategy using ema std deviations use flat scaling 5 orders buy and sell - just close it back when it hits the VWMA strategy operates to make dozens of small profitable trades in exchange for a larger loss on rare trending moves. It works by projecting five 0.5% std deviations from the ema as volatility bands to help you scale into shorts and longs. generally flat scaling will work better than ascending. there is no SL logic for the strategy - positions should be closed when prices crosses back through the VWMA . To be used on lower timeframes only as the bands to do not expand or contract according to ATR
Pine Script® Indikator
von Rovket192
2
Higher Highs & Lower Lows Stochastics - Vitali ApirineThis is my modified "Higher Highs & Lower Lows Stochastics" employing PSv4.0, originally formulated by Vitali Apirine for TASC - February 2016 Traders Tips. Reading through a TASC magazine of mine, behold, I found a little known indicator that I can't find anywhere on all of Tradingview. That was a tragedy I felt I had to resolve... This indicator is best described as a dual momentum indicator, being helpful with anticipating reversals, spotting emerging trends, and defining correction periods. I felt it worthy of justice to unveil this for all TV members to utilize and also learn from. It's uniqueness is beyond past due for the honor it deserves on Tradingview. As always, I have included advanced Pine programming techniques that conform to proper "Pine Etiquette". For those of you who are newcomers to Pine Script, this code release may also help you comprehend the "Power of Pine" by employing advanced programming techniques while exhibiting code utilization in a most effective manner. This script's uniqueness displays that we can now override built-in Pine functions. Firstly, you may have noticed that I replaced ema(), sma(), highest(), and lowest(). If you weren't aware of this Pine capability, well, here is a prime example... Now you know! Just heed caution when doing so to ensure your replacement algorithms are 100% sound. Lastly, I also added an additional "Median" line where the companion stochastics seemingly appear to gravitate within a central zone. NOTICE: You may have observed, there is highest(), lowest(), ema(), and sma() custom functions overwriting Pine built-ins, some of which are audaciously used in ternary. "IF" you are planning to use Pine Script v4.0 functions in ternary, be forewarned, they WILL NOT operate as expected in most scenarios. The reason why I legitimately used them here in ternary is because they are ONLY manually controlled by an input(). If these were dynamically controlled with bar-to-bar dynamic conditional logic, you would most certainly run into serious unexpected programming issues, potentially resulting in hours of frustrations and guaranteed loss of hair. That's my lesson for this release, so never ever forget this when utilizing the full potential of the "Power of Pine". For more information concerning these potential dilemmas, please consult "Execution of Pine functions and historical context inside function blocks" in the "Pine Script v4 User Manual". Features List Includes: Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting AND much, much more... You have the source! The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script® Indikator
von ImmortalFreedom
8
MTF Lag-Less RasterChart (Spectrogram/HeatMap)I present yet another state-of-the-art "MTF Lag-Less RasterChart" employing PSv4.0. Simply describing how this indicator works, the bottom of the indicator pane is most reactive and is highly effective at identifying reversal points quickly once they occur, while the upper portion of the indicator commonly shows enduring trends. This may be my finest multi-timeframe heatmap indicator that I have created so far, complete with multiple stunning gradient color schemes. I'm unsure if I will be able to pack any more tech into these RasterCharts. This may exclude additional algorithms or polychromatics I may discover later on that are worthy of other RasterChart releases. One last thing, this is a companion indicator to my "Lag-Less Rainbow Ribbon" indicator, because the heavily modified base algorithms are nearly identical. I once again would like to personally thank Dr . John Ehlers for inspiring me to ponder into the realm of heatmap technology and all it has to offer. Your mathemagical splendor is most appreciated! You're a divine inspiration to the algorithmic trading community and forever shall be. The MTF capabilities include seconds, minutes, and days. If the time frame settings are shorter in time than the current sampling interval, a warning notification will be appropriately displayed. I included a horizontal rule to approximately gauge at what level you may wish to have before entering/exiting a trade upon identifying a trend change. This gizmo functions on all assets on time frames ranging from one second bars up to the "All" chart having monthly bars. Lastly, I have included so many color scheming techniques that I couldn't demonstrate all of them above. This indicator has what I would term as enhanced "predator" vision. For those of you who have witnessed these movies, you may understand what I have built. This indicator additionally includes a color morphing control to perfectly adjust the gradients to your visual liking, on any time frame whether it be seconds or daily chart preferences. The use of this indicator is just like any of my other RasterCharts or heatmap indicators found on the internet, except it has the greatest versatility I have accomplished as of yet. Features List Includes: "Source" selection MTF controls for seconds, minutes, and days Adjustable horizontal rule to differentiate between more reactive aspects of turning point fluctuations in the lower portion of the chart (visible above) Window aperture control Adjustable heatmap brightness control Visual color scheme techniques (a few of many are displayed above) Color gradient morphing Color inversion control This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script® Indikator
von ImmortalFreedom
3
SpiralGrinder Ultimate Trading System SpiralGrinder Ultimate Trading System SpiralGrinder Ultimate (SGU) is a unique type of Trading System dedicated for leverage-trading BTC on Bitmex platform. Since it's highly customized to give statistically reliable signals based exclusively on BTC/USD Perpetual Swaps BITMEX chart BITMEX:XBTUSD , using it with other BTC charts will give usable, but less reliable signals! SpiralGrinder’s Ultimate first iteration was SpiralSwinger V1 indicator released in march 2019, since then much has been changed, different algos were developed and then thrown into the bin, until after 6 months of intensive work current version was developed, backtested on XBT/USD Perpetual Inverse Swap Contract chart from Bitmex exchange on whole chart history from late 2015 until January 2020, on these timeframes – 1d, 12h, 8h, 6h, 4h, 3h, 2h, 90m, 1h. Indicator algo is based on idea of price being a so called "fractal" - when same price action patterns occur over and over from time to time on different timeframes be it 1D, 4h, 1h or even 15m! Every time a particular timeframe (TF) has suitable volatility and price action is exhibiting wave structure with distinct highs and lows there will be a situations when high probability trade setups are possible. To predict those recurrent situations SGU tracks more than 30 parameters (godmode oscillator and some it’s experimental derivatives, historical volatility coefficients, some time-based variables, ATR-based Trend lines, regular divergences… etc) comparing them against each other, so when “all stars are aligned” based on statistical model built into its algo and when price has enough potential to move in particular direction reaching some measured move target a SIGNAL to enter position is generated. Theoretical True Winrate of this indicator is around 60%, while practical is somewhat under 50%. True Winrate is a percentage of trades that reached PREDICTED target be it 1R or 20R prediction, instead of just being a common winrate (used by most traders) - percentage of all profitable trades even though many of them didn’t reach initially predicted targets. True WinRate is tied to a signal generating algo implemented in SGU and cannot be changed unless a new more sophisticated algo is found by the developer of this indicator and is implemented in future updates! Main User Interface of SGU consists of many elements that are developed to help manage trades more efficiently without any emotional impact on decision making process. Apart from obvious Long/Short signals there are also predicted targets that should be hit with some probability for every given signal, suggested stop loss levels corresponding to predicted RR. There are 4 ATR-based trendlines that help determine trend bias on current timeframe and to set intermediate take profit points on the way toward target, also there are indicators of regular divergences to show us weakness during uptrends and downtrends, also there are special warnings included when price closes behind particularly important ATR line with strength enough to continue further it’s movement in initial direction. Also there are 2 candle color-based systems available: one of monitoring how overbought or oversold is price on current TF, second is created to tell us overall trend sentiment - how strong is movement of price in particular direction. Since price could move in the same fashion during prolonged periods of time there could be a particular TF when signals will be absent till price volatility and oscillator readings doesn’t change its character and become favorable (become synchronized with price action) for signals to be generated. That’s why this indicator should be monitored on multiple TFs at once – you’ll never know on which TF next signal will appear. There will be a multiple signals going on parallel at the SAME TIME, simultaneously in DIFFERENT DIRECTIONS: for example swing long trade based on signal from 12h TF, while having a scalp short at the same time based on 1h chart. Exploring this kind of optimized multi-tasking could be done only by splitting bankroll on multiple accounts registered on Bitmex platform. Suggested timeframes to monitor for potential signals are empirically chosen that their round multiples should give 24H or 1440m=(24h x 60m) : 12h x 2 = 24h, 3h x 8 = 24h, 144m x 10 = 1440m=24h. Therefore main timeframes are: 1D, 12h, 8h, 6h, 4h, 3h, 2h, 90m and 1h. Additional timeframes to watch are: 288m, 144m, and 72m. Timeframes under 1h aren’t tested yet, but could be traded with additional caution: 45m, 36m and 30m. To track effectively all signals generated by SGU one should have at least PRO subscription plan paid on TradingView as this allows to use non-standard timeframes and maximum of 10 server-side alerts on price/indicators necessary to work with this indicator. To do in near future: add volume weighted macd with custom settings as an additional confluence in algo to increase average win rate of signals. Attention! Past performance of this indicator is not indicative of future results! For those interested to dig deeper into logic behind using SGU a full 20-page pdf user manual is available for download here: drive.google.com To gain free test access just write me a DM.
Pine Script® Indikator
von Spiralman
7