Trading Sign

<< Trading Sign Documents >> (Revision: 1193)

This is a guide for trading timing.
It is not a guarantee of profit.

The Trading Sign script displays a combination of SMAs , trendlines , channel lines, etc., but this combination part is not the core of the script.
These are all about finding resistance and support prices and creating an array.

The concept of this script is to draw the lines automatically by the program, not by discretion, and to show Buy and Sell signs in order to establish a stable trading rule.
'N Theory' is applied to the automatically drawn trendlines .

Interval Multiple:
Specifies the trade interval in multiples.
If you decrease the multiple, the number of trades will increase and the trades will be short term.
If you increase the multiple, the number of trades will decrease and you will be trading in the medium term.
Adjust according to the market atmosphere and your own trading interval.

MA(Fast)( Midd )(Slow):
Specify the SMA period.
Depending on this setting, the trade timing will change.

N Length:
This is the period of time to search for the starting point of a trend line , etc. in the past.

- (Example) When N Length = 100
- The bar position obtained by searching for the lowest price in the 100-bar period is set to Low1.
- The bar position obtained by searching for the highest price in the period up to Low1 is called High1.
- The bar position obtained by searching for the lowest price in the period up to High1 is called Low2.
- The bar position obtained by searching for the highest price in the period up to Low2 is called High2.
- Since the line connecting Low1, High1, Low2, and High2 resembles the shape of N, it is called N Length.
- A trend line is drawn by connecting Low1-Low2 and High1-High2.
- Channel lines are also drawn based on this.

Target Band Multiple:
This is the standard deviation multiple that is used as a guide for the target price for profit booking.

Predict one future:
Specifies whether the trendline, Gann Fan , is calculated using the most recent bar or one previous bar.
Usually, it is calculated with one previous bar to confirm the breakout.
This is used to predict the next day's trade after the market closes.

Show TradingSign:
Toggles between showing and hiding the trading sign.

Show TradingZone:
Toggles between showing and hiding the trading range.

Show TrendLine:
Toggles between showing and hiding the trendline.
See also the explanation of N Length.

Show ChannelLine:
Toggles between showing and hiding the channel line.
Channels are drawn based on the trendline.

+(Channel Multiple):
Allows you to specify an interval based on the slope of the trendline.
The specified range is -3.0 to +3.0.
Normally, the interval is equal (0.25, 0.50, 0.75, 1.00).
It can be set to Fibonacci (0.382, 0.500, 0.618, 1.000) or
It can also be used as an extension (1.0, 1.382, 1.500, 1.618).

Show AngleLine:
Toggles between showing and hiding the Gann Fan .

Plan Range Offset:
This is the number of ticks to extend from resistance and support prices.
Losscut can be adjusted.

Loose TrendLine:
Toggles the rule for drawing trend lines .

Plan Position (Top/Bottom)(Left/Right):
Specifies the display position of the Plan table.

Alert Freq on Bar close:
Toggles the timing of alert notifications.
(True: Alert will be sent after the bar is closed.)
(False: Notify the first time a condition is met)

Alert on *:
Notifies you when to buy or sell.
After setting this, you need to set up the alert dialog in TradingView.

Thank you very much.
リリースノート: << Trading Sign Documents >> (Revision: 1197)

The main revisions are as follows.

(1) The Show AngleLine parameter has been removed.

- GANGFAN display function has been removed from support.

(2) The ticker is now shown in the alert message.

The following issues are pending for the future

(1) Improve the Risk/Reward calculation method.

- For Reward calculation, the target price is calculated using standard deviation.
- We plan to exclude the Bollinger Bands display function from support.

(2) PineScript v5 support

- We are currently developing with v4, but we are planning to migrate to v5 scripting at some point.
リリースノート: << Trading Sign Documents >> (Revision: 1203)

The main revisions are as follows

(1) The calculation method of Risk/Reward has been changed.

- Instead of calculating Reward based on standard deviation, it is now calculated based on the range of variation calculated from 'N Theory'.
- It can be adjusted by multiples of the Reward Multiple parameter.

(2) Target Band Multiple parameter has been changed to Reward Multiple.

(3) Bollinger Band display function is no longer supported.

(4) PineScript v5 is now supported.
リリースノート: -------------------------------------------------------------------
<< Trading Sign Documents >> (Revision: 1208)

The main revisions are as follows.

(1) Reward calculation method has been partially modified.

(2) Removed SMA cross (GC/DC) from entry conditions.
リリースノート: << Trading Sign Documents >> (Revision: 1212)

The main revisions are as follows.

(1) Classify and display Reason3 of the entry plan.

- Canvas Breakout (maj) = Breakout of High1 or Low1.
- Canvas Breakout (min) = Breakout of High2 or Low2.
- Technical Breakout = Breakout of other lines.

(2) The width of the trend line has been made thicker.

- The reason for this is that it is difficult to understand when displayed with channel lines.

<< The concept of a canvas >>

- Charts are art.
- In order to create a painting, you need a canvas.
- The range of Low1-High1 is considered to indicate the height of the canvas.
- The period where the trend lines cross is considered to represent the width of the canvas.
- A breakout of High2 or Low2 is called a minor break.
- A breakout at High1 or Low1 is called a major break.
- These two are collectively called a canvas breakout.
リリースノート: << Trading Sign Documents >> (Revision: 1225)

The main fixes are as follows.

(1) Added Always 5 ChannelLines parameter.

- It will always draw 5 channel lines.

(2) Adjusted the internal trading algorithm.
リリースノート: << Trading Sign Documents >> (Revision: 1260)

The main fixes are as follows.

(1) Added Allow entry with contrarian parameter.

- Allows entry with contrarian.
- This refers to a buy entry on a negative bar or a sell entry on a positive bar.

(2) '!' The following was added to the sign

- "Bullish Wait for the Buy sign"
- "Bearish Wait for the Sell sign"

- Each suggests the possibility of a buy/sell sign within 10 bar.