Scalping Strategy Signal v2 by [INFINITYTRADER]Overview
This Pine Script (v6) implements a scalping strategy that uses higher timeframe data (default: 4H) to generate entry and exit signals, originally designed for the 15-minute timeframe with an option for 30-minute charts. The "Scalping Strategy Signal v2 by " integrates moving averages, RSI, volume, ATR, and candlestick patterns to identify trading opportunities. It features adjustable risk management with ATR-based stop-loss, take-profit, and trailing stops, plus dynamic position sizing based on user-set capital. Trades trigger only on the higher timeframe candle close (e.g., 4H) to limit activity within the same period. This closed-source script offers a structured scalping approach, blending multiple entry methods and risk controls for adaptability across market conditions.
What Makes It Unique
Unlike typical scalping scripts relying on single-indicator triggers (e.g., RSI alone or basic MA crossovers), this strategy combines four distinct entry methods—standard MA crossovers, RSI-based momentum shifts, trend-following shorts, and candlestick pattern logic—evaluated on a 4H timeframe for confirmation. This multi-layered design, paired with re-entry logic after losses and a mix of manual, ATR-based, and trailing exits, aims to balance trade frequency and reliability. The higher timeframe filter adds precision not commonly found in simpler scalping tools, while the 30-minute option enhances consistency by reducing noise.
How It Works
Timeframe Logic
Runs on a base timeframe (designed for 15-minute charts, with a 30-minute option) while pulling data from a user-chosen higher timeframe (default: 4H) for signal accuracy.
Limits entries to the close of each 4H candle, ensuring one trade per period to avoid over-trading in volatile conditions.
Indicators and Data
Moving Averages : Employs 21-period and 50-period simple moving averages on the higher timeframe to detect trends and signal entries/exits.
Volume : Requires volume to exceed 70% of its 20-period average on the higher timeframe for momentum confirmation.
RSI : Uses a 14-period RSI for overbought/oversold filtering and a 6-period RSI for precise entry timing.
ATR : Applies a 14-period Average True Range on the higher timeframe to set adaptive stop-loss and take-profit levels.
Candlestick Patterns : Analyzes consecutive green or red 4H bars for trend continuation signals.
Why These Indicators
The blend of moving averages, RSI, volume, ATR, and candlestick patterns forms a robust scalping framework. Moving averages establish trend context, RSI filters momentum and avoids extremes, volume confirms market activity, ATR adjusts risk to volatility, and candlestick patterns enhance entry timing with price action insights. Together, they target small, frequent moves in flat or trending markets, with the 4H filter reducing false signals common in lower-timeframe scalping.
Entry Conditions
Four entry methods are evaluated at the 4H candle close:
Standard Long Entry: Price crosses above the 21-period moving average, volume exceeds 70% of its 20-period average, and the 1H 14-period RSI is below 70—confirms uptrend momentum.
Special Long Entry: The 6-period RSI crosses above 23, price is more than 1.5 times the ATR from the 21-period moving average, and price exceeds its prior close—targets oversold bounces with a stop-loss at the 4H candle’s low.
Short Entries:
- RSI-Based: The 6-period RSI crosses below 68 with volume support—catches overbought pullbacks.
- Trend-Based: Price crosses below the 21-period moving average, volume is above 70% of its average, and the 1H 14-period RSI is above 30—confirms downtrends.
Red/Green Bar Logic: Two consecutive green 4H bars for longs or red 4H bars for shorts—uses candlestick patterns for continuation, with a tight stop-loss from the base timeframe candle.
Re-Entry Logic
Long : After a losing special long, triggers when the 6-period RSI crosses 27 and price crosses the 21-period moving average.
Short : After a losing short, triggers when the 6-period RSI crosses 50 and price crosses below the 21-period moving average.
Purpose: Offers recovery opportunities with stricter conditions.
Exit Conditions
Manual Exits: Longs close if the 21-period MA crosses below the 50-period MA or the 1H 14-period RSI exceeds 68; shorts close if the 21-period MA crosses above the 50-period MA or RSI drops below 25.
ATR-Based TP/SL: Stop-loss is entry price ± ATR × 1.5 (default); take-profit is ± ATR × 4 (default), checked at 4H close.
Trailing Stop: Adjusts ±6x ATR from peak/trough, closing if price retraces within 1x ATR.
Special/Tight SL: Special longs exit if price opens below the 4H candle’s low; 4th method entries use the base timeframe candle’s low/high, checked every bar.
Position Sizing
Bases trade value on user-set capital (default: 100 USDT), dividing by the higher timeframe close price for dynamic sizing.
Visualization
Displays a table at the bottom-right with current/previous signals, TP/SL levels, equity, trading pair, and trade size—color-coded for clarity (green for buy, red for sell).
Inputs
Initial Capital (USDT): Sets trade value (default: 100, min: 1).
ATR Stop-Loss Multiplier: Adjusts SL distance (default: 1.5, min: 1).
ATR Take-Profit Multiplier: Adjusts TP distance (default: 4, min: 1).
Higher Timeframe: Selects analysis timeframe (options: 1m, 5m, 15m, 30m, 1H, 4H, D, W; default: 4H).
Usage Notes
Intended Timeframe: Designed for 15-minute charts with 4H confirmation for precision and frequency; 30-minute charts improve consistency by reducing noise.
Backtesting: Adjust ATR multipliers and capital to match your asset’s volatility and risk tolerance.
Risk Management: Combines manual, ATR, and trailing exits—monitor to avoid overexposure.
Limitations: 4H candle-close dependency may delay entries in fast markets; RSI/volume filters can reduce trades in low-momentum periods.
Backtest Observations
Tested on BTC/USDT (4H higher timeframe, default settings: Initial Capital: 100 USDT, ATR SL: 1.5x, ATR TP: 4x) across market conditions, comparing 15-minute and 30-minute charts:
Bull Market (Jul 2023 - Dec 2023):
15-Minute: 277 long, 219 short; Win Rate: 42.74%; P&L: 108%; Drawdown: 1.99%; Profit Factor: 3.074.
30-Minute: 257 long, 215 short; Win Rate: 49.58%; P&L: 116.85%; Drawdown: 2.34%; Profit Factor: 3.14.
Notes: Moving average crossovers and green bar patterns suited this bullish phase; 30-minute improved win rate and P&L by filtering weaker signals.
Bear Market (Jan 2022 - Jun 2022):
15-Minute: 262 long, 211 short; Win Rate: 44.4%; P&L: 239.80%; Drawdown: 3.74%; Profit Factor: 3.419.
30-Minute: 250 long, 200 short; Win Rate: 52.22%; P&L: 258.77%; Drawdown: 5.34%; Profit Factor: 3.461.
Notes: Red bar patterns and RSI shorts thrived in the downtrend; 30-minute cut choppy reversals for better consistency.
Flat Market (Jan 2021 - Jun 2021):
15-Minute: 280 long, 208 short; Win Rate: 51.84%; P&L: 340.33%; Drawdown: 9.59%; Profit Factor: 2.924.
30-Minute: 270 long, 209 short; Win Rate: 55.11%; P&L: 315.42%; Drawdown: 7.21%; Profit Factor: 2.598.
Notes: High trade frequency and P&L showed strength in ranges; 30-minute lowered drawdown for better risk control.
Results reflect historical performance on BTC/USDT with default settings—users should test on their assets and timeframes. Past performance does not guarantee future results and is shared only to illustrate the strategy’s behavior.
Why It Works Well in Flat Markets
A "flat market" lacks strong directional trends, with price oscillating around moving averages, as in Jan 2021 - Jun 2021 for BTC/USDT. This strategy excels here because its crossover-based entries trigger frequently in tight ranges. In trending markets, an exit might not be followed by a new entry without a pullback, but flat markets produce multiple crossovers, enabling more trades. ATR-based TP/SL and trailing stops capture these small swings, while RSI and volume filters ensure momentum, driving high P&L and win rates.
Technical Details
Built in Pine Script v6 for TradingView compatibility.
Prevents overlapping trades with long/short checks.
Handles edge cases like zero division and auto-detects the trading pair’s base currency (e.g., BTC from BTCUSDT).
This strategy suits scalpers seeking structured entries and risk management. Test on 15-minute or 30-minute charts to match your style and market conditions.
Scalptrading
Scalping long-shortThe Scalping long-short indicator is a comprehensive system for analyzing candle patterns and trading volume, designed for use in a scalping strategy. The main purpose of the indicator is to identify the key points of changing market sentiment and provide the trader with accurate signals for entering a trade.
The main components of the indicator:
1. Candle Pattern Analysis:
The indicator analyzes four main candle patterns:
-A Bullish Hammer is a candle with a small body and a long lower tail, which indicates the possible completion of a downward movement and the beginning of an uptrend.
-Bearish Hanging Man is a candle similar to a bullish hammer, but it appears after an upward movement, signaling the possible beginning of a downtrend.
-Bullish Engulfing is a candle with a large body that completely covers the body of the previous candle, showing strong buyer interest.
-Bearish Engulfing is the reverse situation, when a large bearish candle absorbs the previous bullish candle, indicating the predominance of sellers.
-Doji is a candle with almost identical opening and closing prices, indicating market indecision.
For each of these patterns, the indicator sets certain threshold values that the user can adjust to their preferences and features of the trading instrument.
2. Volume analysis:
The volume is an important confirmation of the strength of the signal. The indicator compares the current volume with the average value for the user-selected period (length parameter) multiplied by the volumeMultiplier coefficient. If the current volume exceeds this indicator, the signal is considered confirmed.
3. Visual indication:
Graphical elements corresponding to each type of signal are displayed on the price chart.:
-The green triangle down is a buy signal (bullish hammer or bullish takeover).
-The red triangle up is a sell signal (bearish hanging or bearish engulfing).
-The yellow diamond is a neutral state (doji).
These visual cues help you quickly assess the current market situation without having to analyze each candle manually in depth.
4. Alerts:
The indicator supports setting alerts that can be sent via the TradingView platform or other supporting systems. This allows the trader to receive notifications about the occurrence of new signals even outside the workplace.
Settings:
The user can change the following settings:
-Length is the period for calculating the average volume.
-Multiplier is a multiplier for the thresholds of candle patterns.
-HammerThreshold, HangingManThreshold, EngulfingThreshold, DojiThreshold are Thresholds for recognizing specific candlestick patterns.
-VolumeMultiplier is a coefficient for comparing the current volume with the average value.
These parameters allow you to adapt the indicator to various trading instruments and time intervals, making it a universal tool for a wide range of traders.
Conclusion:
The Scalping long-short indicator combines powerful analytical tools to identify key points in the market, providing the trader with clear and timely signals for making trading decisions. Its flexibility and fine-tuning capability make it useful for both beginners and experienced market participants.
Johnny The Scalper - Momentum/Speed [by Oberlunar]The Johnny The Scalper indicator is designed to provide scalpers with insights into market momentum and speed dynamics by analyzing the price movement within candles. It calculates the "candle speed," defined as the range of a candle (high minus low) divided by the elapsed time in seconds since the candle opened. Users can customize the distance for comparison by specifying how many candles back the indicator should look when calculating the speed difference (`Diff`).
The script retrieves the speed of the specified candle from the past (`candle_speed_x`) and compares it to the speed of the current candle, calculating the difference (`speed_difference`). The indicator also identifies whether the current candle and the candle from the past are bullish (green) or bearish (red), using this information to interpret the dynamics of the difference.
If the difference is negative, it means the current candle's speed is slower than the reference candle's speed. A negative difference combined with candles of the same direction suggests a slowdown, while candles of opposite directions indicate a slowing reversal. A positive difference suggests that the current candle is faster. If the candles have the same direction, it signifies an acceleration in the current trend; if their directions differ, it indicates a faster reversal.
The results are displayed graphically as labels on the chart. Labels above the candles show the difference Diff with color-coded backgrounds based on the calculated dynamics:
orange for a slowdown in the same direction,
red for a slowing reversal,
green for acceleration in the same direction,
and blue for a faster reversal.
An additional label below the candle optionally displays the current candle's speed in real time. This indicator helps scalpers identify momentum shifts and potential reversals in a highly customizable manner, adapting to different trading strategies and timeframes.
Thrax - QuickStrike 5-Mins Scalping** Indicator Description **
1. Price Change Threshold (%) – The minimum price change required for a candle to be recognized as significant. Candles exceeding this threshold are considered potential candidates for zone creation. Default value for 5 min is 0.5%. As you move on higher timeframe the threshold should increase
2. Percentage Change for Zones (%) – The amount of price movement needed to form a dynamic support or resistance zone. Tweak this to control how sensitive the indicator is to price fluctuations. 5 min default value is 1%. For 15 min suggested is 2-3%.
3. Break Threshold for Zones (%) – Defines how much price must break above or below a zone for it to be removed from the chart/mitigated. Keeps the chart clean by removing invalidated zones. Default value is 0.1% in 5 min, for 15 min it is 0.5%.
4. Buy Zone Retracement Level (%) – The percentage retracement level for defining the inner buy zone within a broader bullish zone. Ideal for timing precision entries. Ideal value is 75%
5. Sell Zone Retracement Level (%) – The percentage retracement level used to determine the inner sell zone within a larger bearish zone. Helps in identifying potential reversal areas or exits. Ideal value is 25%
By tailoring these inputs, traders can fully customize the indicator to suit their scalping strategies, enhancing their ability to navigate fast-moving markets with confidence.
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There are two primary approaches for scalping using this indicator:
1. Candle-Based Scalping:
a. Bullish Signal: When you observe a bullish candle highlighted in blue (by default), you can consider entering a long position at the close of this candle. It’s advisable to wait for the candle to close before taking action. For a more aggressive scalp, you might take profits based on your scalp target after a few subsequent candles. If the price remains stagnant or moves unfavorably in the next few candles, you can exit with a small loss. Alternatively, if you have a higher risk tolerance, you may hold the position even if the price initially declines within a set percentage.
b. Bearish Signal: For a bearish candle highlighted in yellow, you can enter a short trade at the close of the candle. Similar to the bullish setup, you have the option to exit after a few candles if the price doesn’t move as expected or hold the position with a higher risk tolerance if the price goes up initially.
2. Zone-Based Scalping:
Entering Zones: Monitor the price as it enters a defined support or resistance zone. If you are open to higher risk, you can enter a trade immediately upon the price entering the zone. For a more cautious approach with a smaller stop loss, wait for the price to reach a retracement level within the zone before initiating your trade. This approach allows for a more precise entry but may result in missing out on trades if the price reverses before hitting the retracement level. Conversely, entering at the zone’s boundary offers the potential for early trade capture but comes with a higher stop loss risk.
Adjust these strategies based on your risk tolerance and trading preferences to optimize your scalping opportunities.
HilalimSBHilalimSB A Wedding Gift 🌙
HilalimSB - Revealing the Secrets of the Trend
HilalimSB is a powerful indicator designed to help investors analyze market trends and optimize trading strategies. Designed to uncover the secrets at the heart of the trend, HilalimSB stands out with its unique features and impressive algorithm.
Hilalim Algorithm and Fixed ATR Value:
HilalimSB is equipped with a special algorithm called "Hilalim" to detect market trends. This algorithm can delve into the depths of price movements to determine the direction of the trend and provide users with the ability to predict future price movements. Additionally, HilalimSB uses its own fixed Average True Range (ATR) value. ATR is an indicator that measures price movement volatility and is often used to determine the strength of a trend. The fixed ATR value of HilalimSB has been tested over long periods and its reliability has been proven. This allows users to interpret the signals provided by the indicator more reliably.
ATR Calculation Steps
1.True Range Calculation:
+ The True Range (TR) is the greatest of the following three values:
1. Current high minus current low
2. Current high minus previous close (absolute value)
3. Current low minus previous close (absolute value)
2.Average True Range (ATR) Calculation:
-The initial ATR value is calculated as the average of the TR values over a specified period
(typically 14 periods).
-For subsequent periods, the ATR is calculated using the following formula:
ATRt=(ATRt−1×(n−1)+TRt)/n
Where:
+ ATRt is the ATR for the current period,
+ ATRt−1 is the ATR for the previous period,
+ TRt is the True Range for the current period,
+ n is the number of periods.
Pine Script to Calculate ATR with User-Defined Length and Multiplier
Here is the Pine Script code for calculating the ATR with user-defined X length and Y multiplier:
//@version=5
indicator("Custom ATR", overlay=false)
// User-defined inputs
X = input.int(14, minval=1, title="ATR Period (X)")
Y = input.float(1.0, title="ATR Multiplier (Y)")
// True Range calculation
TR1 = high - low
TR2 = math.abs(high - close )
TR3 = math.abs(low - close )
TR = math.max(TR1, math.max(TR2, TR3))
// ATR calculation
ATR = ta.rma(TR, X)
// Apply multiplier
customATR = ATR * Y
// Plot the ATR value
plot(customATR, title="Custom ATR", color=color.blue, linewidth=2)
This code can be added as a new Pine Script indicator in TradingView, allowing users to calculate and display the ATR on the chart according to their specified parameters.
HilalimSB's Distinction from Other ATR Indicators
HilalimSB emerges with its unique Average True Range (ATR) value, presenting itself to users. Equipped with a proprietary ATR algorithm, this indicator is released in a non-editable form for users. After meticulous testing across various instruments with predetermined period and multiplier values, it is made available for use.
ATR is acknowledged as a critical calculation tool in the financial sector. The ATR calculation process of HilalimSB is conducted as a result of various research efforts and concrete data-based computations. Therefore, the HilalimSB indicator is published with its proprietary ATR values, unavailable for modification.
The ATR period and multiplier values provided by HilalimSB constitute the fundamental logic of a trading strategy. This unique feature aids investors in making informed decisions.
Visual Aesthetics and Clear Charts:
HilalimSB provides a user-friendly interface with clear and impressive graphics. Trend changes are highlighted with vibrant colors and are visually easy to understand. You can choose colors based on eye comfort, allowing you to personalize your trading screen for a more enjoyable experience. While offering a flexible approach tailored to users' needs, HilalimSB also promises an aesthetic and professional experience.
Strong Signals and Buy/Sell Indicators:
After completing test operations, HilalimSB produces data at various time intervals. However, we would like to emphasize to users that based on our studies, it provides the best signals in 1-hour chart data. HilalimSB produces strong signals to identify trend reversals. Buy or sell points are clearly indicated, allowing users to develop and implement trading strategies based on these signals.
For example, let's imagine you wanted to open a position on BTC on 2023.11.02. You are aware that you need to calculate which of the buying or selling transactions would be more profitable. You need support from various indicators to open a position. Based on the analysis and calculations it has made from the data it contains, HilalimSB would have detected that the graph is more suitable for a selling position, and by producing a sell signal at the most ideal selling point at 08:00 on 2023.11.02 (UTC+3 Istanbul), it would have informed you of the direction the graph would follow, allowing you to benefit positively from a 2.56% decline.
Technology and Innovation:
HilalimSB aims to enhance the trading experience using the latest technology. With its innovative approach, it enables users to discover market opportunities and support their decisions. Thus, investors can make more informed and successful trades. Real-Time Data Analysis: HilalimSB analyzes market data in real-time and identifies updated trends instantly. This allows users to make more informed trading decisions by staying informed of the latest market developments. Continuous Update and Improvement: HilalimSB is constantly updated and improved. New features are added and existing ones are enhanced based on user feedback and market changes. Thus, HilalimSB always aims to provide the latest technology and the best user experience.
Social Order and Intrinsic Motivation:
Negative trends such as widespread illegal gambling and uncontrolled risk-taking can have adverse financial effects on society. The primary goal of HilalimSB is to counteract these negative trends by guiding and encouraging users with data-driven analysis and calculable investment systems. This allows investors to trade more consciously and safely.
Session Breakout Scalper Trading BotHi Traders !
Introduction:
I have recently been exploring the world of automated algorithmic trading (as I prefer more objective trading strategies over subjective technical analysis (TA)) and would like to share one of my automation compatible (PineConnecter compatible) scripts “Session Breakout Scalper”.
The strategy is really simple and is based on time conditional breakouts although has more ”relatively” advanced optional features such as the regime indicators (Regime Filters) that attempt to filter out noise by adding more confluence states and the ATR multiple SL that takes into account volatility to mitigate the down side risk of the trade.
What is Algorthmic Trading:
Firstly what is algorithmic trading? Algorithmic trading also known as algo-trading, is a method of using computer programs (in this case pine script) to execute trades based on predetermined rules and instructions (this trading strategy). It's like having a robot trader who follows a strict set of commands to buy and sell assets automatically, without any human intervention.
Important Note:
For Algorithmic trading the strategy will require you having an essential TV subscription at the minimum (so that you can set alerts) plus a PineConnecter subscription (scroll down to the .”How does the strategy send signals” headings to read more)
The Strategy Explained:
Is the Time input true ? (this can be changed by toggling times under the “TRADE MEDIAN TIMES” group for user inputs).
Given the above is true the strategy waits x bars after the session and then calculates the highest high (HH) to lowest low (LL) range. For this box to form, the user defined amount of bars must print after the session. The box is symmetrical meaning the HH and LL are calculated over a lookback that is equal to the sum of user defined bars before and after the session (+ 1).
The Strategy then simultaneously defines the HH as the buy level (green line) and the LL as the sell level (red line). note the strategy will set stop orders at these levels respectively.
Enter a buy if price action crosses above the HH, and then cancel the sell order type (The opposite is true for a stop order).
If the momentum based regime filters are true the strategy will check for the regime / regimes to be true, if the regime if false the strategy will exit the current trade, as the regime filter has predicted a slowing / reversal of momentum.
The image below shows the strategy executing these trading rules ( Regime filters, "Trades on chart", "Signal & Label" and "Quantity" have been omitted. "Strategy label plots" has been switched to true)
Other Strategy Rules:
If a new session (time session which is user defined) is true (blue vertical line) and the strategy is currently still in a trade it will exit that trade immediately.
It is possible to also set a range of percentage gain per day that the strategy will try to acquire, if at any point the strategy’s profit is within the percentage range then the position / trade will be exited immediately (This can be changed in the “PERCENT DAY GAIN” group for user inputs)
Stops and Targets:
The strategy has either static (fixed) or variable SL options. TP however is only static. The “STRAT TP & TP” group of user inputs is responsible for the SL and TP values (quoted in pips). Note once the ATR stop is set to true the SL values in the above group no longer have any affect on the SL as expected.
What are the Regime Filters:
The Larry Williams Large Trade Index (LWLTI): The Larry Williams Large Trade Index (LWTI) is a momentum-based technical indicator developed by iconic trader Larry Williams. It identifies potential entries and exits for trades by gauging market sentiment, particularly the buying and selling pressure from large market players. Here's a breakdown of the LWTI:
LWLTI components and their interpretation:
Oscillator: It oscillates between 0 and 100, with 50 acting as the neutral line.
Sentiment Meter: Values above 75 suggest a bearish market dominated by large selling, while readings below 25 indicate a bullish market with strong buying from large players.
Trend Confirmation: Crossing above 75 during an uptrend and below 25 during a downtrend confirms the trend's continuation.
The Andean Oscillator (AO) : The Andean Oscillator is a trend and momentum based indicator designed to measure the degree of variations within individual uptrends and downtrends in the prices.
Regime Filter States:
In trading, a regime filter is a tool used to identify the current state or "regime" of the market.
These Regime filters are integrated within the trading strategy to attempt to lower risk (equity volatility and/or draw down). The regime filters have different states for each market order type (buy and sell). When the regime filters are set to true, if these regime states fail to be true the trade is exited immediately.
For Buy Trades:
LWLTI positive momentum state: Quotient of the lagged trailing difference and the ATR > 50
AO positive momentum state: Bull line > Bear line (signal line is omitted)
For Sell Trades:
LWLTI negative momentum stat: Quotient of the lagged trailing difference and the ATR < 50
AO negative momentum state: Bull line < Bear line (signal line is omitted)
How does the Strategy Send Signals:
The strategy triggers a TV alert (you will neet to set a alert first), TV then sends a HTTP request to the automation software (PineConnecter) which receives the request and then communicates to an MT4/5 EA to automate the trading strategy.
For the strategy to send signals you must have the following
At least a TV essential subscription
This Script added to your chart
A PineConnecter account, which is paid and not free. This will provide you with the expert advisor that executes trades based on these strategies signals.
For more detailed information on the automation process I would recommend you read the PineConnecter documentation and FAQ page.
Dashboard:
This Dashboard (top right by defualt) lists some simple trading statistics and also shows when a trade is live.
Important Notice:
- USE THIS STRATEGY AT YOUR OWN RISK AND ALWAYS DO YOUR OWN RESEARCH & MANUAL BACKTESTING !
- THE STRATEGY WILL NOT EXHIBIT THE BACKTEST PERFORMANCE SEEN BELOW IN ALL MARKETS !
RSI Divergence Strategywhat is "RSI Divergence Strategy"?
it is a RSI strategy based this indicator:
what it does?
it gives buy or sell signals according to RSI Divergences. it also has different variables such as "take profit", "stop loss" and trailing stop loss.
how it does it?
it uses the "RSI Divergence" indicator to give signal. For detailed information on how it works, you can visit the link above. The quantity of the inputs is proportional to the rsi values. Long trades are directly traded with "RSI" value, while short poses are traded with "100-RSI" value.
How to use it?
The default settings are for scalp strategy but can be used for any type of trading strategy. you can develop different strategies by changing the sections. It is quite simple to use.
RSI length is length of RSİ
source is source of RSİ
RSİ Divergence lenght is length of line on the RSI
The "take profit", "stop" and "trailing stop" parts used in the "buy" group only affect buys. The "sell" group is similarly independent of the variables in the "buy" group.
The "zoom" section is used to enlarge or reduce the indicator. it only changes the appearance, it does not affect the results of the strategy.
BE - Volume Scalping ProDear Traders,
Here with presenting the new Indicator (Strategy) for scalping which is primarily built based on the the Volume Analysis.
Idea behind this Indicator: I am sure every trader would agree that Volume is one of the Leading indicator along with Price, and hence thought to use the same for scalping the trades. There is a direct co-relation between the price and volume and thereby used this as a base for arriving at strength of the volume pumped in. Indicator is working on the Logic of "What is the ROC in price for the volume dumped in and does ROC quantify the same which is happened in the recent past of x candles." In order to be successful in scalping trade, Accuracy, Risk to reward and Money Management is very much crucial and hence thought so much on this to make it happen.
Note: Accuracy here being profitable in the trade and not hitting the bulls eye all the time.
What this indicator is providing:
Based on the volume, ROC & Candle Thresholds and using the inputs provided for RISK and Money Management options, Indicator continuously scans for trading opportunities and provides alerts for possible trades.
Alerts & Notifications:
There are basically 3 types of Alerts provided one with General Notification and Other with Dhan HQ notifications to support Algo Trades and AlgoJi for supporting Algo trades too.
Self Declaration:
I have been testing the performance in 30 seconds and 1 min chart and I haven't faced any issues yet. I strongly recommend users to use the same in timeframe less than 10 Min only.
Enjoy!
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
Scalper RibbonThis Scalper Ribbon is a combination of 6 different oscillators with a sprinkle of secret sauce . It’s smoothed out so it’s easy to read, but is quick enough to catch reversals early and helps you spot divergences. It will turn green or red according to the bullish or bearish nature of the ticker you are viewing without all of the noise that most oscillators give you.
It combines price action, momentum, rsi and a few other oscillators together to give an overall trend strength line that is smoothed out and coupled with a moving average to make it less noisy. Use it as an identifier of the underlying trend so you can make better decisions on scalp trades as well as swing trades on longer timeframes. Wait for the ribbon to break out/down from the middle blue range to avoid chop and get in when price is actually moving.
***HOW TO USE***
Find tops and bottoms of the market by looking for reversals in the ribbon when it is either very high or very low. The white line is the midline and the ribbon is overall bullish when above the midline and overall bearish when below the midline. There are also two blue lines just above and below the midline that is a buffer area I like to call the neutral range. When the ribbon is in the neutral range, expect indecision in the market and look for the ribbon to break out or down from that range for continuation of a trend. The farther away from the neutral range the ribbon is, the stronger the trend is. Take a look at how it performs across multiple timeframes and tickers and get a feel for it before using it in your strategy. It will help you spot reversals early and show you hidden divergences in price action before the reversals happen.
***CUSTOMIZATION***
You can adjust the length of the oscillators and the moving average ribbon to be faster or slower to suit your preferences. The lower the number used, the faster it will detect changes, but the more noise it will have. The higher the number used, the slower it will detect changes, but there will be less noise and easier to follow.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This Scalper Ribbon indicator can be used on all timeframes.
Bollinger Bands Scalper + VWAPGet more consistent scalps by trading in-between Bollinger Band Deviations.
FEATURES:
1) 3 Bollinger Bands with default settings to 1, 2, and 3 deviations for more consistent scalps
2) Trendicator: a dynamic color changing moving average that helps you see trend quickly
3) Robust VWAP tool with up to 3 different deviations as well as different anchor points to help you see strong support and resistances
4) Calming "purple cloud" color palette helps you focus on price action
5) Discover new trading strategies with a wide range of customizability
Gators Oscillator - Bitcoin Scalp Trader(T&M/e V3!!)Gator's Oscillator:
**For reference, all numbers, and settings displayed on the input screen are only what I HAVE FOUND to be profitable for my own strategy, Yours will differ. This is not financial advice and I am not a financial advisor. Please do your due diligence and own research before considering taking entries based on this strategy and indicator. I am not advertising investing, trading, or skills untaught, this is simply to help incorporate into your own strategy and improve your trading journey!**
INPUTS:
EV: This is an integer value set to default at 55. This value is equated to the lead value, volatility measurement, and standard deviation between averages
EV 2: This integer is used as the base value and is meant to always be GREATER THEN EV, the default is set at 163. There should be at least a 90+ integer difference between EVs for data accuracy.
EV TYPE & EV TYPE 2: This option only affects the output for the moving average histograms. (and data inserted for strategy)
Volatility Smoothing: This is the smoothness of the custom-made volatility oscillator. I have this default at 1 to show time-worthy-term (3.9%+) moves or significant trends to correspond with the standard deviation declination between EVMA and EVMA2.
Directional Length: This is the amount of data observed per candle in the bull versus bear indicator.
Take Profit: Pre-set takes profit level that is set to 4 but can be adjusted for user experience.
Style:
Base Length: Columns equated using a custom-made statistical equation derived from EV TYPE 2+EV2 to determine a range of differential in historic averages to a micro-scale.
Lead Length: Columns equated using a custom-made statistical equation derived from EV TYPE+EV to determine a range of differential in historic averages to a micro-scale.
Weighted EMA Differential: Equation expressing the differences between exponential and simple averages derived from EV+EV Type 2. Default is displaying none, but optional for use if found helpful.
Volatility: Represents volatility from multiple data sets spanning from Bollinger bands to HPV and translated through smoothing.
Bull Strength: The strength of Bulls in the current trend is derived from a DMI+RSI+MACD equation to represent where the trend lies.
Bear Strength: The strength of Bears in the current trend is derived from a DMI+RSI+MACD equation to represent where the trend lies.
(NEW) Standard Deviation between Moving Averages: Use this logarithmic indicator depicted as circles to help determine whether a move is a fake out or not. Compare the circles with the volatility line, if you see them deviating away, it is either a bull/bear trap or trend continuation is imminent until they correlate back together.
CHEAT CODE'S NOTES:
Do not use this indicator on high leverage. I have personally used this indicator for a week and faced a max of 8% drawdown, albeit painful I was on low leverage and still closed on my take profit level.
85% is not 100% do not overtrade using this indicator's entry conditions if you have made 4 consecutive profitable trades.
Mess around with the input values and let me know if you find an even BETTER hit rate, 30+ entries, and a good drawdown!!
V2 UPGRADES:
*Increased Opacity on Bull Bear Columns
*Removed the Stop Loss Input option
*Decreased EV2 to a default of 143 for accuracy
*Added additional disclaimers in the description
* Removed Bull/Bear offset values for accuracy
V3 UPGRADES:
*ADDED THE EMA DIFFERENTIAL FROM SMA STANDARD DEVIATION INDICATOR. REPRESENTED BY PURPLE BARS THAT PLOT BRIGHT AT EXTREME LEVELS (Translate this to the EMA's and SMA's are very far apart) This is a fantastic way to resolve volatility and momentum in one indicator!!
*Line Width increased for volatility
*plot's for Oversold Alma reduced to 3, also adjusted the plot shape to arrows corresponding to 'overbought/oversold values. Look for a cross-over from green/red plot to transparent for best signals.
*Histograms for bull/bear strength correspond to an increase or decrease in value
*Input screen converted into groups, with bull/bear color inline
*Converted base/lead length value's into areas with breaks. IF YOU SEE WHITE (Short/Lead Length), IT IS A SHORT TERM MOVE AND SCALPING OPPORTUNITY. IF YOU SEE BLUE(Long/Base Length) IT MEANS IT IS A MACRO MOVE, WHICH MAY LAST LONGER
-Cheat Code
BINANCE:BTCUSDT BYBIT:BTCUSDT COINBASE:BTCUSD
The Ultimate Backtest - Fontiramisu█ OVERVIEW
The Ultimate Backtest allows you to create an infinite number of trading strategies and backtest them easily and quickly.
You can leverage the trading setup you created with the tradingview's real-time alert system.
The tool is constantly being improved to accommodate more in-house indicators in order to imagine more trading strategies.
█ HOW IT WORKS.
The tool is divided into 3 main parts:
1. The indicators:
These are the indicators that you will be able to set up to create your setups.
Example: rsi, exponential moving average, home made resistance/support indicator etc.
We are working to add more and more in-house indicators to multiply the trading strategies.
2. The entry/exit strategy:
The entry/exit trades management is a central point of the strategy.
Here we propose several ways to take profits and in-house optimizations to enter a position.
3. The setup: the combination of indicators
Here it is up to you to create your own recipe.
You combine the different indicators set up above to make a real strategy.
Example: RSI Divergence + Location on a support.
Let's look at this in more detail.
Below is a description of all sections
█ 1. THE INDICATORS
TREND: MA (moving average) -->
Set up a moving average from multiple methods (sma, ema, smma...) of the type and length you want.
> A long is taken if the price is above the MA.
> A short is taken if the price comes below the MA.
You can set up a smoothing MA from the existing moving average and use it in the same way.
ENVELOPE: SUPER TREND -->
The supertrend is a trend following indicator. It clearly describes the distinction between downtrends and uptrends with a red or green direction. It is calculated according to the ATR and a factor.
> A long is taken when the direction is green and the price touches the supertrend support line.
> A short is taken when the direction is red and the price touches the supertrend resistance line.
ENVELOPE: BOLLINGER BAND -->
Bollinger bands are used to evaluate the volatility and probable evolution of prices, here we exploit the envelope
> A long is taken if the price crosses the lower band.
> A short is taken if the price crosses the upper band.
CLOUD: ICHIMOKU -->
The Ichimoku cloud aims to identify the direction and reversal points of dominant market trends. It displays support and resistance levels.
> A long is taken when the price enters the green ichimoku cloud.
> A short is taken when the price enters the red ichimoku cloud.
MOMENTUM: MACD ZERO LAG / MACD / RSI -->
RSI (Relative Strength Index) reflects the relative strength of upward movements, compared to downward movements.
MACD (Moving Average Convergence Divergence) is a momentum indicator that follows the trend and shows the correlation between two moving averages of the asset price.
MACD ZERO LAG is calculated in the same way except that the exponential moving averages that make up the calculation do not lag.
> A long is taken on a potential bullish divergence.
> A short is taken on a potential bearish divergence.
For now, with these indicators, we only take a trade based on divergences but we will add overbuy/oversell etc.
MOMENTUM: MA SLOPE -->
This house indicator allows you to use the slope of a moving average as a measure of momentum.
Define the length of the moving average whose slope we will take.
We then take a fast ma of the slope then a slow ma (You define the lengths with the parameters)
The tool foresees a subtraction between the slow and fast ma to have another interpretation of the slope.
This indicator is available and can be viewed freely on my tradingview profile.
> A long is taken when there is a potential bullish divergence on the fast/slow MA or the difference.
> A short is taken when there is a potential bear divergence on the fast/slow MA or the difference.
RESISTANCE: R/S FONTIRAMISU -->
An in-house indicator that shows resistances and supports according to the chosen parameters.
Indicator available and can be viewed freely on my tradingview profile.
> A long is taken when the price arrives on a support.
> A short is taken when the price arrives on a resistance.
-----
MOMENTUM DIVERGENCE -->
Section used to set the divergence detection.
The first field allows you to select which momentum you want to calculate the divergence on.
PIVOT DETECTION -->
Used to calculate top and dip on the chart, it is used with divergences/resistances/enter-exit optimizations....
Default parameters are: Deviation: 2.5, Depth: 10.
█ 2. STRATEGY FOR ENTERING/EXITING TRADES.
STRATEGY: TP/SL -->
Enter/Exit Trade Mode" field: The first field allows you to choose between two modes:
1. TP/SL Mode:
This mode allows you to take entries with take profits that you define afterwards with the TP1 and TP2 parameters .
> The stop loss is calculated automatically by taking the last dip if it is a long and the last top if it is a short.
> You can add a "Stop Loss % Offset" which will increase the size of the stop loss by the % value you set.
> If you activate TP2, the profit taking is split between TP1 and TP2, you can select the percentage of profit taking split between TP1 and TP2 via the "Percent Exit Profit TP1" field.
> The "TPX Multiplier" fields allow you to define the desired Risk Reward, if = 1 then RR = 1/1.
> A Trailing stop option is available, if active then the profit take will be split between TP1 and Trailing stop.
For the moment you can choose between the two MA's set up above to serve as trailing stop:
> In long, if the price goes below the MA then you take the profit (or the loss)
> In short, if the price goes above the MA then you take the profit (or the loss)
2. ONLY BUY/SELL:
Here the take profits are not taken into account, we only have an alternation between the long and the shorts.
The trailing stop applies to this mode and can be interesting depending on the use.
STRATEGY: SETUP OPTIMIZER (FP) -->
Here we have 3 home made optimization tools to take more relevant trades.
1. FAVORABLE ENTRY FROM PIVOT.
Here the tool will favor entries with interesting locations depending on dips and tops before.
A red cross with "FP" will appear on the chart each time a trade does not meet this condition.
2.STOP LOSS MAX (SL).
Will only take trades where the stop loss is maximum at X%.
A red cross with "%SL" will appear on the chart each time a trade does not meet this condition.
3. MOVE ALREADY TRADED.
Will not take several trades in the same move.
This can avoid cascading losing trades on some setups.
A red cross with "MT" will appear on the chart each time a trade does not meet this condition.
█ 3. THE SETUP: THE COMBINATION OF INDICATORS
Here, let your creativity speak.
You are free to assemble the indicators in the following way:
The conditions defined inside a group (group1/group2/group3) are combined to each other via an OR operator .
Example, if "cond01 = Momentum DIv" and "cond02 = Res/Sup Location", then trades will be triggered if one of the two conditions is met.
The conditions defined between several groups are multiplied via the AND operator .
Example, if "cond01 = Momentum DIv" and "cond12 = Res/Sup Location", then trades are taken if both conditions are met at the same time.
ALL CONDITIONS:
> NONE
No conditions selected.
> Momentum Div
Triggers when a potential divergence occurs on the selected momentum (in the divergence section).
> Momentum Div UT Sup
Triggers when a potential divergence occurs on the selected momentum (in the divergence section) in the upper timeframe.
The upper timeframe of the momentum is calculated directly in the code by multiplying the set parameters by 4 (fastlenght/slowlenght...).
> Multi MA
It is set in the "Trend: MA" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Smooting MA
Is set in the "Trend: MA" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Super Trend Env
Is set in the "ENVELOPE: SUPER TREND" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> BB Env
It is set in the "ENVELOPE: BOLLINGER BAND" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Ichimoku Cloud
Is set in the "CLOUD: ICHIMOKU" section and is triggered by the conditions mentioned in the "INDICATORS" section.
> Res/Sup Location
Is set in the "RESISTANCE: R/S" section and is triggered by the conditions mentioned in the "INDICATORS" section.
Customizable Non-Repainting HTF MACD MFI Scalper Bot StrategyThis script was originally shared by Wunderbit as a free open source script for the community to work with.
WHAT THIS SCRIPT DOES:
It is intended for use on an algorithmic bot trading platform but can be used for scalping and manual trading.
This strategy is based on the trend-following momentum indicator . It includes the Money Flow index as an additional point for entry.
HOW IT DOES IT:
It uses a combination of MACD and MFI indicators to create entry signals. Parameters for each indicator have been surfaced for user configurability.
Take profits are fixed, but stop loss uses ATR configuration to minimize losses and close profitably.
HOW IS MY VERSION ORIGINAL:
I started trying to deploy this script myself in my algorithmic trading but ran into some issues which I have tried to address in this version.
Delayed Signals : The script has been refactored to use a time frame drop down. The higher time frame can be run on a faster chart (recommended on one minute chart for fastest signal confirmation and relay to algotrading platform.)
Repainting Issues : All indicators have been recoded to use the security function that checks to see if the current calculation is in realtime, if it is, then it uses the previous bar for calculation. If you are still experiencing repainting issues based on intended (or non intended use), please provide a report with screenshot and explanation so I can try to address.
Filtering : I have added to additional filters an ABOVE EMA Filter and a BELOW RSI Filter (both can be turned on and off)
Customizable Long and Close Messages : This allows someone to use the script for algorithmic trading without having to alter code. It also means you can use one indicator for all of your different alterts required for your bots.
HOW TO USE IT:
It is intended to be used in the 5-30 minute time frames, but you might be able to get a good configuration for higher time frames. I welcome feedback from other users on what they have found.
Find a pair with high volatility (example KUCOIN:ETH3LUSDT ) - I have found it works particularly well with 3L and 3S tokens for crypto. although it the limitation is that confrigurations I have found to work typically have low R/R ratio, but very high win rate and profit factor.
Ideally set one minute chart for bots, but you can use other charts for manual trading. The signal will be delayed by one bar but I have found configurations that still test well.
Select a time frame in configuration for your indicator calculations.
Select the strategy config for time frame. I like to use 5 and 15 minutes for scalping scenarios, but I am interested in hearing back from other community memebers.
Optimize your indicator without filters (trendFilter and RSI Filter)
Use the TrendFilter and RSI Filter to further refine your signals for entry. You will get less entries but you can increase your win ratio.
I will add screenshots and possibly a video provided that it passes community standards.
Limitations: this works rather well for short term, and does some good forward testing but back testing large data sets is a problem when switching from very small time frame to large time frame. For instance, finding a configuration that works on a one minute chart but then changing to a 1 hour chart means you lose some of your intra bar calclulations. There are some new features in pine script which might be able to address, this, but I have not had a chance to work on that issue.
Market HackThis indicator is intended to only be used in any timeframe between the 1 minute and the 15 minute. If greater than 15 minute, or less than 1 minute, then the table will disappear!
Furthermore, this is a very simple table containing 4 varying emojis:
🔱- This is a gold crossing, indicative of bullish momentum.
💀 - This is a death crossing, indicative of bearish momentum.
🟩 - This represents a bullish cycle, which reinforces the currently active bullish momentum.
🟥 - This represents a bearish cycle, which supports an active bearish momentum.
In summary, 🔱🟩 is perfect confirmation for CALL entry, but even better when at minimum the 1m and 3m care confirmed. Similarly, 💀🟥 confirms an upcoming entry for a PUT. Bear in mind, this indicator is not meant for any financial advice and is only meant to present market direction, or at least a few specific tickers' direction with the market.
Signals Pirate™ ScalperSignalsPirate™ Scalper has been created specifically for asset scalping to help improve your short term trading by accurately identifying ‘Buy’ and ‘Sell’ opportunities!
The simplicity of this package ensures traders of all levels of expertise can utilise this tool and experience its benefits to the fullest. The only variable that alters the tools performance is the ‘Scalp Length’ option, which dictates how frequently scalping signals are identified. A value of 10 will result in more selective and less frequent signals, whereas a value of 1 will print ‘Buy’ and ‘Sell’ signals more often.
This tool has been formed using a number of trend reversal indicators, such as the RSI and Stochastics to identify overbought and oversold conditions. As well as these it incorporates crucial pivot points to identify potential support & resistance levels where scalp opportunities will have the highest chance of being successful. Combining these means when price is extremely oversold across a multitude of indicators while sitting at a pivot point support level, a ‘Buy Scalp’ label is created – and vice versa for ‘Sell Scalp’ signals.
The default settings are the best settings we’ve found so far but you can change them to build your own unique trading strategy. We’d recommend experimenting with these values to find the best results for the asset you are trading, and your own personal trading style.
Direction for use:
1. Use on any asset class and time frame, preferably on a lower timeframe (15min or less).
2. Fine tune the ‘Scalp Length’.
3. Enter a long position once a ‘Buy Scalp’ label is created, and close the position once a ‘Sell Scalp’ label is created. For short positions enter once a ‘Sell Scalp’ label is created and close once a ‘Buy Scalp’ label is created.
We hope you love this package, and it takes your trading and investing to the next level. Please let us know if you have any questions or queries regarding the logic behind the bundle, or if you have any suggestions for improvements etc. We love your feedback and are constantly striving to continuously improve!
iCryptoScalperHi everyone!
In this post I would like to present my personal indicator for short-term strategies on cryptocurrencies called iCryptoScalper , but let me first introduce myself:
I am a theoretical physicist with a deep passion for trading and mathematical modelling of the financial markets.
I started trading cryptocurrencies more than 4 years ago and, throughout this period, I got more and more involved in trying to describe the mechanisms governing
the price action at lower timeframes like 1, 5 and 15 minutes.
As a beginner, I started with the usual "buy and hold" strategy, the safest but also boring option. Afterthat, I tried to get more involved on speed trading
and scalping and, as it happens to all the beginners, I went through many mistakes.
At the beginning, trying to find the best scalping strategy, was a very difficult task and I barely managed to perform well, mostly because every trade were overwhelmed
by my emotional approach and the fear of missing the right entry point and/or exit point. However, thanks to these difficulties, I understood that I needed
an algorithmic procedure to improve my performances and overtake the emotional approach, with a more technical approach: a mathematical guide that precisely tells me how to behave in the best way possible to be profitable.
To achieve this goal, I put all my efforts in trying to write a consistent mathematical model able to give me all the statistical informations I needed to reach
the best performances and, of course, the best possible profits.
The iCryptoScalper is an explicit mathematical tool to be used for scalping strategies and optimized for different cryptocurrency pairs on 15/30 min timeframes.
The script gives you many useful informations and details regarding the current and subsequent trade, accompanied with a detailed overview on both the last 20 short
and long trade results.
Let us have a look to all the detailed informations the script shows to you:
CHART
- Lines: The script plots for you the Entry price (yellow line), the Stop Loss price (red line) and a series of 8 Take Profit levels (green lines).
- Background: The green background color indicates that the script is in a long position, viceversa, the red background color indicates that the script is in a short position.
- Labels: The blue labels indicate the maximum achieved profit for each trade.
- Alerts: The script shows two types of alerts, the "prepare to #" one and the true entry one. The prepare alert is very useful to understand when the strategy is going
to enter a specific trade, thus giving you the possibility to set up all the necessary Entry/SL/TP levels on your favorite trading platform.
- Crosses: The green and red crosses are precisely located at the corresponding long and short entry price for the next trade, thus giving you a preview on the target price
that has to be reached for the indicator to enter. They are computed thanks to a mathematical model I set up and optimized for each cryptocurrency pair.
PANEL
- Overview: This part shows you two probability tables for the last 20 long and short trades each. The first table indicates the set of probabilities of reaching the corresponding TP level, whereas the second table shows the conditional probability , namely the probability of reaching a certain profit level once the previous one has been achieved.
Below the tables you can find three quantities again referring to the last 20 long and short trades: the Average Maximum Profit , the Average Maximum Drawdown and the Average Risk/Reward Ratio .
Last but not least, the correlation between the current asset and BTC is displayed together with the current BTC status.
- Active Trade: This part collects all the data related to the current trade status.
- Next Trade: This part collects all the data related to the next trade status.
ATTENTION!
Please notice that the equity line you see in the "Strategy Tester" section of TradingView is unreliable compared to the real performances of the script. This is due to the
fact that the TradingView engine is designed for backtesting automatic trading strategies and not real-time trading bots.
An example is the following: Bob buys 1 BTC-PERP contract at 10000$, setting the Stop Loss at 9000$. The price of the perpetual then goes to 12000$ and then go back hitting the Stop Loss. For the TradingView Engine this is a
trade with a permanent loss of 1000$. However, for the iCryptoScalper users, the trade is perfectly fine thanks to the numerous TP levels (and corresponding probabilities) given by the script within the trade window.
TrendLineScalping-BasicDear Traders,
Here is the thought which came to my mind on the trendline break scalping. sometimes during the trade we do plot trendlines and we do anticipate for the line to break and take a trade. with the same thing in mind I had created this basic script to help you and other to create based on the logic used in the script.
This is just a logic based script and doesn't do any kind of wonders. Hence you may use it as necessary.
Regards....
Swing ComparatorHere I bring you an array of methods to compare the swings and consistency between assets.
This indicator is excellent for swing traders and scalpers looking to maximize their profits by examining which of two closely related pairs provides greater price fluctuation during given period.
This indicator works against two assets, which are to be configured in settings.
This indicator has 5 particular plots for you to examine, each which can be considered for you to contemplate which pair for you to next perform a trade on.
First off, let's start with the blue.
The blue is simply a pearson correlation coefficient, thankfully now included in tradingview. This provides a value of 1 as values show to be close correlation, 0 showing no correlation, and -1 showing negative correlation - meaning an increase in one pair correlates to a decrease in another pair. This will turn green when greater than 0.975, showing a very strong relationship between the two pairs, and red when below -0.975. This is the only plot to be interpreted on a scale from -1 to +1.
Next, we have the purple and yellow background plots, followed by the white and green moving averages. Though similar, these are all slightly different.
For each of these 4 plots, a value greater than 0 indicates greater price swings for your Symbol #1, while a value less than 0 indicates greater price swings for Symbol #2.
These calculations are performed on a per bar basis, meaning you're likely going to be examining bars longer than what you'll normally be trading on. Use confluence, as well as your own judgement for this.
For example, if symbol #1 provides a bar with an open value 1% greater or less than close, providing a 1% swing on a given bar, but symbol #2 provides 2%, the indicator will fall down toward the negative, as Symbol #2 had the greater swing.
First, yellow focuses on only open/close bar values, and thus the body of the candlestick.
Purple, on the other hand, focuses on the wicks of the candle - thus, the high/low values. I've opted to make these two different values as a wick focuses on the embodiment within the time period, and body focuses on the open/close instant.
Next, the green is an extended EMA of the purple - High/Low ratio. This is important to examine trend overtime, and reduce unneeded noise.
Lastly, the white is simply difference in the standard deviation of the particular bars, between the two symbols you have selected. The tends to usually tie up with the green pretty well.
Considering this is going to by nature be very noisy datasets, I have included in settings the option to extend an EMA for everything. They have their default settings, but if you'd like to examine the trend without an EMA, feel free to set it to 1 to eliminate its effects.
I have additionally added the ability to introduce clipping, as well as scale the correlation coefficient to remain visible when examining very short term time scales. In the future, I hope to properly normalize all plots to remain within a -1 to +1 basis. Please be patient as I have multiple projects ongoing.
Suggestions and constructive criticism are very well encouraged.
Anyone is welcome to utilize this in their code, as well, i just ask you provide credit.
As you reduce to time frames less than a day, you will likely have to reduce the coefficient min/max closer to 0.025, or just hide it entirely.
TODO:
Make it look better. Sorry, folks.
Introduce latency between pairs.
Examine significance of a coefficient of determination
Remove static weights and introduce z-score and linear normalization.
Consider adding room for a 3rd pair. This could get ugly, however.
Agressive Scalper StrategyAfter many different tests and tries we found a strategy which is suited for people that likes to trade in shorter time frames. It uses multiple indications for entries. Entries include indications like Double ATR, Consolidation Detection, Dynamic RSI Calculation with Overbought and Oversold lines and also previous bars highs and lows. Although this strategy has been coded and tested on short time frames, after many additions it turns out it can be very profitable in every time frame if you play with the settings. Also it has some helpers for people that likes to optimize and see how their choices affects the outcome.
The strategy calculates the entry with the rules below:
LONG ENTRY RULES
- Price must be in consolidation zone
- Fast ATR Must be higher than Slow ATR
- Dynamic RSI must be below the oversold line (Green Line as Default)
- The Signal lookback must allow entry. (For example if you set signal lookback to 5, if the LOW of current price is LOWEST point of last 5 bars it is okay to enter LONG) If you check the lookback helper it will show you as green arrow at the bottom.
SHORT ENTRY RULES
- Price must be in consolidation zone
- Fast ATR Must be higher than Slow ATR
- Dynamic RSI must be above the overbought line (Red Line as Default)
- The Signal lookback must allow entry. (For example if you set signal lookback to 5, if the HIGHEST of current price is HIGHEST point of last 5 bars it is okay to enter SHORT) If you check the lookback helper it will show you as red arrow at the top.
This strategy has additional settings that are not available in indicator version that is previously released so i suggest everyone to use this instead.
Happy trading everyone!
MM Scalper A scalpers Dream just like my other algorithms you have your SL, 2TPs, and entry points to scalp the market based on these two MoneyMoves Moving averages.
can use
Entry
2 TP
ATR x1.5 or x2 Stop Loss auto generated per signal.
BB Bands, TMA Bands, Donchain channels, or volatility cloud
MTF support and resistance
pivot high/low
works on all timeframes for scalpers, intraday, or even swing.
effective on binary as well.
Directions are simple
when one Ma crosses the other you will receive a signal with all your inputs
the signals change based on the length you set on the Baseline and Slop
use market structure and its it a sure winner
Link below or PM us for access to this indicator Happy Trading
High time frame Pivot Anchored VWAP V1.0Purpose:
-----------
To provide VWAPs anchored on the high and low pivots. I have seen scripts which anchor VWAP on a session or time frame or indeed a time, but not yet one that anchors on pivot points.
Value:
--------
As many have stated, price action tends toward VWAPs. I named the VWAPs anchored on high pivots the Selling VWAP, representing the volume weighted average of the sellers. And the VWAPs anchored on the low pivots, Buying VWAP, representing the volume weighted average of the buyers.
One of these two governs the current price action.
What is unique about this script:
---------------------------------------
- Locates pivots also found in higher time frames (it does not use the Security Function, technically it does not locate high time frame pivots)
- It uses a simple technique to locate the pivots that avoids using "For Loops" , typically used with HTF Pivots and at times can cause time outs
- VWAPs are then anchored on the pivots
- High Pivots are anchored with a VWAP using the High price as the source
- Low Pivots are anchored with a VWAP using the Low price as the source
How to Use It
-----------------
- Choose the higher time frame pivots of interest, the script uses current time frame multiplier
- so on a 1 minute chart, 60 is 1 hour. On a 5 min chart the same multiplier would be 5 hours.
- Choose how many of the higher time frame bars define the pivot, the right side and left side
- the default is 8 and 4, for a 60 multiplier on a 1min chart it implies 4hrs right of the pivot and 8 hrs left of the pivot.
- A Vidya moving average is included
- When the ma crosses over the Selling VWAP then the system is dominated by the buyers and the Buying VWAP provides support
- When the ma crosses under the Buying VWAP then the system is dominated by the sellers and the Selling VWAP provides resistance
It helps by keeping you in a trade, also by using the support/resistance to add to a position.
I make those decisions in the script, and display only the dominating VWAP
Acknowledgements
------------------------
PineCoders for their functions on managing resolution.
LucF for his work on high time frame pivots.
Future considerations
--------------------------
- Provide option to show both VWAPs
- Use a different ma, such as VWMA, or provide a choice.
- Open the script, version 1.0 being what it is
Pullback Traps v. 0.1Trading Strategy for scalping the CME_MINI:ES1! and CME_MINI:MES1! futures on the 5 min. time frame.
The strategy will count legs and look for failed pullbacks and failed second entries where shorters get trapped.
How to use:
When a trap occurs (Marked with green light) place an order one tick above the high of the trap and enter on next candle
If entry doesn't happen on next candle and it has a lower high, move entry to one tick above high of that candle.
Keep doing the above until you enter or until a candle is marked with a blue light and the text Trap Dead.
If you see Trap dead and you haven't entered, quickly cancel your order.
What is green light?
A second or later pullback down away from the uptrend. When the green light is present the shorters haven't made a 1 point profit and short scalpers are trapped.
What is blue light?
1. Shorters made their 1 point profit and trap is dead. Cancel your trade. Or...
2. Shorters hit their stop loss and you're probably in a trade now and about to profit.
Profit and stop loss:
Numbers are done with profit 5 ticks and stop loss 30 ticks.
Should I have a stop loss 6 times greater than profit?
Probably not. The numbers you see here are made with these profit and stop loss figures but I don't advice it in real trading.
The numbers look good on this backtest but in reality a few bad trades would ruin everything.
This was made purely for fun and sim trading - Feel free to do your own testing and show the resulsts.
Go_up Hello. Our task is to find the local minimum. The trade is entered on the basis of RSI and SMA according to a specific formula, which is embedded in the code. When the RSI crosses the SMA upside down, a long position is entered. You can change the length of the RSI. The longer the length, the less frequent, but more accurate the entrance, and vice versa. You can use a different time frame. The default RSI length is 25 and the time frame is 15 minutes. Use hooks for auto trading, there is an alert. I recommend using a larger number of altcoins and with the default settings or TF 5 minutes. If you want to "scalp", then use the length 15-21 and take profit 0.5-2 percent. See the history of signals and you can make the optimal strategy for yourself. Due to the strong volatility, these settings are optimal. I use position averaging over history, additional purchase occurs no more than three times, before going into a plus. Entering a trade in notifications "once per bar". To exit, you can use scripts from other authors, for example, pivot / resistance points. No repainting. If anyone has any questions, write, I will answer in detail. good luck trading, dear friends!
