Cyatophilum Universal Oscillator Trader

An indicator to backtest and create an infinite number of strategies using any external indicator.

═════════════════════════════════════════════════════════════════════════

█ HOW IT WORKS

The indicator allows you to create your oscillator strategy and get backtest results from the Strategy Tester.
You can also create alerts for each of the strategy events.

█ HOW TO USE

Choose a strategy direction long or short that you want to create.

Always use regular candle type.

Configure your entry condition. To use any other indicator as source, it needs to be added to the chart first.
If you have the basic (free) TradingView plan, you can only have 1 indicator on your chart, and cannot use this external source feature. For this case, the indicator has a list of built-in oscillator (that can be increased upon request).
Then choose your condition: Cross over, Greater than, Pullback, Turning up, etc.
You now have your entry and should already see trades on the chart!
Next you can fine tune your entry condition or move to the risk management and filters.

Configure your stop loss
Use the stop loss feature to exit a trade at a certain loss.
You can also create a trailing stop using price % movement or ATR.

Configure your profit target
Use the Take Profit feature to set a target in percentage of price. You can also make it trail.

Configure your safety orders
This indicator has a safety orders feature to reduce the risk of your trade. See more below.

Check your backtest parameters
Make sure that the initial capital and order size make sense. Since it is a pyramiding strategy with safety orders, the sum of all deals should not be bigger than the initial capital.
If you use % equity as order size, please note that it will create compounding.
Check the fees, by default they are set to 0.1%.
I also recommend to set a slippage that corresponds to your exchange's spread.


█ FEATURES

 • Strategy direction
Configure to go long or short.

 • Entry Conditions
 - External Oscillator source
 - Built-in Oscillator (for basic plans)
 - Base Condition for entry (Less/Greater than, Crossing Up/Down, Pullback Bull/Bear, Turning Up/Down, etc. More can be added later on)
 - Additional Momentum Condition: Oscillator should be rising/falling for x number of bars
 - Addition Threshold Condition: Oscillator should be Greater/Lowser than x

 • Trend Filter
Filter Trades using 1 or 2 moving averages (MTF), based on Slop Change or Price Cross. Trend line is green = only longs, red = only shorts.

 • Entry Filters
 - Volume filter to remove low volume entries
 - Overbought/Oversold filters
 - Flat market Filter

 • Stop Loss and Take Profit
Configure your stop loss and take profit for long and short trades.
You can also make a trailing take profit and trailing stop.

 • DCA (Safety orders)
Create up to 100 safety orders with configurable options for step and volume scaling, take profit from total volume, base and safety order size.

 • Backtest Settings
Choose a backtest period, longs or shorts, wether to use limit orders or not.

Graphics
A Backtest Results panel with additional information from the strategy tester.
A lightweight mode to remove background plots and make the indicator load faster.

█ ALERTS

The indicator is using the alert() calls: it only uses 1 alert slot to send order messages for each event (Long/Short entry, stop loss, take profit, safety order, exit timer). This means basic-free TV plans can create 1 complete strategy.

To set your alert messages, open the indicator settings and scroll to the bottom of the "inputs" tab.

Create your alert after you set the messages in the indicator settings, and make sure "Any alert() function call" is set in the alert option.

Use placeholders to automatically replace values in your alert messages like price, target profit, order size etc. (see the indicator inputs).

█ BACKTEST RESULTS

The backtest settings can be seen in the 'Properties' tab of the backtest report below.


Please read the author instructions below for access.

リリースノート:

Bug fixes (momentum, external source)

リリースノート:

Updated backtest panel