[blackcat] L3 Price Positioning IndexLevel: 3
Background
Are you tired of traditional Japanese candlesticks? Do you want to try a new type of candle master chart?
Function
L3 Price Positioning Index is totally brand-new candle chart invented by myself. This main chart can provide effective resistance and support levels, and you can see where the price is running at any time. There are 3 key circle lines. Green circle line is used to indicate oversold support or breakthrough support levels; yellow circle line indicates the midline position where prices may pause; and red circle line indicates overbought resistance or breakthrough resistance levels.
There are two types of candlestick charts.
The first type candles are mid-to-long-term trend candles, navy represents an uptrend and the length of the candle represents a change in intensity; maroon represents a downward trend and the length of the candle represents a change in intensity. This trend candle is the effective support and resistance level of the second type short-term swing candle.
The second type candles are short-term candles fluctuate around the first medium- and long-term trend candles. The second short-term candle is divided into five colors: green means pump; fuchsia means retracement in the ascending process; yellow means bullish reversal signal; red means dump; blue means price rebound in the descending process.
Key Signal
THREE KEY LINES:
htop --> red circle line, overbought resistance or pump breakout threshold
hmid --> yellow circle line, price pause zone, sideways may happen here
hbot --> green circle line, oversold support or dump breakout threshold
MID-LONG TERM CANDLES:
x22,x33 --> navy for up and maroon for down trend, they are important support or resistance for short term price movements
SHORT TERM CANDLES:
1. bearreboun --> rebounce in down trend candle with blue color
2. pump --> up trend pump candle with green color
3. bullreversal --> bullish reversal candle with yellow color
4. dump --> bearish dump candle with red color
5. bullretra --> retracement in up trend candle with fuchsia
Pros and Cons
Pros:
1. Long term trend identification by three lines for overbought, oversold and breakouts
2. Mid term trend support and resistance with navy and maroon candles
3. Short term price behaviors are classified into 5 types of candles in blue, green, yellow, red and fuchsia
Cons:
I invent this to solve traditional JP candlestick shortcomings. If you find anything on Cons, just feedback to me for improvements.
Remarks
Brand-new Candle System invented by myself
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Swingtrading
Swing PointsAn indicator that identifies Swing Points (highs and lows) and then determines highs and lows of those swings. Works on all timeframes.
This is not my invention. It is a generic concept that I picked up from the trading world.
First level swings are termed as Short term Highs and Short term Lows (STH and STL)
The second level swings are termed as Long term Highs and Long term Lows (ITH and ITL)
An STH is formed when the 2nd high is higher than the highs on either side.
An ITH is formed when the 2nd STH is higher than the STH on either side.
Likewise logic for lows.
An example, A bullish trend can be expected if an ITH level is taken out after a ITL is formed after the ITH.
Inside bars: Inside bars are ignored. They can be marked, turned off by default.
Also, a "X" is placed over a swing point if two consecutive swings form simultaneously. This is turned off by default.
[blackcat] L2 Swing Oscillator Swing MeterLevel: 2
Background
Swing trading is a type of trading aimed at making short to medium term profits from a trading pair over a period of a few days to several weeks. Swing traders mainly use technical analysis to look for trading opportunities. In addition to analyzing price trends and patterns, these traders can also use fundamental analysis.
Function
L2 Swing Oscillator Swing Meter is an oscillator based on breakouts. Another important feature of it is the swing meter, which confirms the top or bottom's confidence level with different color candles. The higher of the candles stack up, the higher confidence level is indicated.
Key Signal
absolutebot ---> absolute bottom with very high confidence level
ltbot ---> long term bottom with high confidence level
mtbot ---> middle term bottom with moderate confidence level
stbot ---> short term bottom with low confidence level
absolutetop ---> absolute top with very high confidence level
lttop ---> long term top with high confidence level
mttop ---> middle term top with moderate confidence level
sttop ---> short term top with low confidence level
fastline ---> oscillator fast line
slowline ---> oscillator slow line
Pros and Cons
Pros:
1. reconfigurable swing oscillator based on breakouts
2. swing meter can confirm/validate the bottom and top signal
Cons:
1. not appliable with trading pairs without volume information
2. small time frame may not trigger swing meter function
Remarks
This is a simple but very comprehensive technical indicator
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
High/low crypto strategy with MACD/PSAR/ATR/EWaveToday I am glad to bring you another great creation of mine, this time suited for crypto markets.
MARKET
Its a high and low strategy, designed for crypto markets( btcusd , btcusdt and so on), and suited for for higher time charts : like 1hour, 4hours, 1 day and so on.
Preferably to use 1h time charts.
COMPONENTS
Higher high and lower low between different candle points
MACD with simple moving average
PSAR for uptrend and downtrend
Trenddirection made of a modified moving average and ATR
And lastly elliot wave oscillator to have an even better precision for entries and exits.
ENTRY DESCRIPTION
For entries we have : when the first condition is meet(we have a succession on higher high or lower lows), then we check the macd histogram level, then we pair that with psar for the direction of the trend, then we check the trend direction based on atr levels with MA applied on it and lastly to confirm the direction we check the level of elliot wave oscillator. If they are all on the same page we have a short or a long entry.
STATS
Its a low win percentage , we usually have between 10-20% win rate, but at the same time we use a 1:30 risk reward ratio .
By this we achieve an avg profit factor between 1.5- 2.5 between different currencies.
RISK MANAGEMENT
In this example, the stop loss is 0.5% of the price fluctuation ( 10.000 -> 9950 our sl), and tp is 15% (10.000 - > 11500).
In this example also we use a 100.000 capital account, risking 5% on each trade, but since its underleveraged, we only use 5000 of that ammount on every trade. With leveraged it can be achieved better profits and of course at the same time we will encounter bigger losses.
The comission applied is 5$ and a slippage of 5 points aswell added.
For any questions or suggestions regarding the script , please let me know.
[blackcat] L2 Swing Trading IndicatorLevel: 2
Background
Swing trading is a type of trading aimed at making short to medium term profits from a trading pair over a period of a few days to several weeks. Swing traders mainly use technical analysis to look for trading opportunities. In addition to analyzing price trends and patterns, these traders can also use fundamental analysis.
Function
L2 Swing Trading Indicator
Key Signal
trend --> trend line with color candles standing for trend strength
pump --> whale pump indicator
top --> top zone for selling point
bbuy --> botton zone for buying point
varr1 ---> for selling points
bullbear --> use 50 as bull bear boundary
Pros and Cons
Pros:
1. Clear to see the trend reversals with strength changes
2. Whale pump indicator confirm the validity of trend reversals
Cons:
1. oversold zone is hidden due to using zero line as bottom
Remarks
NA
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
IFR2The IFR2 strategy is based on the RSI indicator.
If the two period RSI is less than the overbought level (25 is the default, but you can configure it to be lower), a long position is placed at the close of the candle. If you are doing it live, you'd have to enter the market ~ 10 minutes before it closes, check the RSI, and buy if it is lower than your overbought level. This generates a discrepancy in the backtesting, but since it is a very small difference, it can be disregarded. Higher overbought levels generate more signals, but they mostly are unreliable. Lower values generates better yields, but they won't occur very often. This strategy is designed to be used in a daily graph, and I don't recommend using it in intraday periods, since you'll make too little money to compensate for the operational cost.
The strategy exits when the high price of two previous candles is reached. If the exit price is higher than the closing price of when you entered, you'll be at a profit, otherwise you'll be at a loss. The exit price is plotted in the graph and it's colors depends on the current open profit: positive values will be green, negative will be red.
This strategy completely disregards the current trend. Long orders will be placed even if you are at a strong down trend. This may seem odd, but you have to keep in mind that this is a volatility based strategy , not a trend following one.
This setup was designed by Alexandre Wolwacz, a.k.a. Stormer.
GODXBT 2.0 GODXBT 2.0
This script helps you to understand the market situation
Script includes :
. Support & resistance tool
. Smoothing filter to reduce noise on the signals
. Take Profits points
. 222 EMA (Works as Support and resistance , customizable you can change the length as per your requirement )
customizable switches to turn on/off
* S/R Switch (Support/Resistance)
* Smoothing filter Switch (to reduce noise)
* TP points (take profits piont)
how to trade :
Buy/Long when " BUY " signal appears
Sell/Short when " SELL " signal appears
take profits on " TP+ " for shorts and " TP- " for longs
for stop loss use support and resistance lines ( mentioned in chart )
small cross above/below the candle shows Support/Resistance getting built
Signal confirmation on candle Close
and Bar colors for trend strength
Red bearish , white for sell exhaustion
Blue bullish , white for buyers exhaustion
Script includes Alerts for BUY and SELL signals as well as TP+ and TP- signals
*** all the details I have mentioned on chart please check the chart ***
DM FOR ACCESS
Ichimoku Clouds with Trend IdentificationThis is another version of the Ichimoku Clouds indicator where I have added logic to evaluate the current chart as either Bullish, Bearish, or Mixed, depending on 4 factors:
1. Is the price above/below the cloud?
2. Is the conversion line above/below the base line?
3. Is the lagging span above/below the cloud?
4. Is the rightmost cloud green/red?
If all conditions point the same direction, then the chart will be labelled "Bullish" or "Bearish". Otherwise it will be labelled "Mixed".
[blackcat] L1 Whale Jumping out of the OceanLevel: 1
Background
One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the price movements of cryptocurrencies, especially Bitcoin . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects.
We often see whales suddenly jump out of the ocean and then set off huge waves. What we need to do is to surf the wave according to the trend after the whale jumps out of the sea. This is really an exciting sport!
Function
By modeling the behavior of Whale and individuals (Surfers), L1 Whale Jumping out of the Ocean can not only simply describe the behavior trends of Whale and individuals, but also describe the shape of waves generated by the whale jump. Individual traders need to follow the wave trend to take profit.
NOTE: white line and yellow candles represent whale appears but it CANNOT indicate the direction as PUMP or DUMP. This indicator is one of the whale series. It is featured by vividness. A technical indicator is drawn as ocean (momentum in blue and aqua), whale (whale PUMP/DUMP in white,yellow, red, fuchsia and green), huge wave (mid-term trend or swing trend in aqua and blue).However, it does not accurately generate buying and selling points.
Key Signal
var01 --> huge wave caused by whale jump. it is used to confirm whale jump and describe the trend of wave for surfers.
var02 --> whale move signal
var12 --> whale move signal
var28 --> high confidence level of huge whale move
dynabot --> deep ocean (dynamic bottom)
Pros and Cons
Pros:
1. Detect Whale pump and dump and the strength of huge wave.
2. Vividly compare the market movement to a huge wave caused by a whale jumping out of the sea.
3. When it resonante with buy or sell signal from other independent indicators, it has higher confidence level.
Cons:
1. No exact long and short entries.
2. It is sensitive and may have noise inside and generate fake entry signal.
Remarks
Please do not think that this is just a technical indicator, this is a documentary about whales.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Simple and efficient PSAR swing strategyThis is a strategy build inside tradingview, which I found it works great with swing/position trading.
It works based on parabolic sar indicator, when indicator is below the candle, is an uptrend and when its its above is a downtrend.
At the same time it's very nice, because it has a sort of stop loss which is dynamic, because it triggers when candle crosses with indicator, so you dont have to worry about stop loss or take profit .
The key here of course, is going to be the risk management, if you want to success with it, never trade more than 2% of you capital, and if you want you can always apply a rule inside the code to close all position if x % amount of equity was going down, although I recommend have patience and let the system do its job.
I recommend this strategy to be used with charts like 1 day or 1 week. If you need and want I can convert it to an indicator that uses alerts (although with strategy as well can be made to send alerts).
PS. When you add this strategy on chart, inside is has different versions, if you use first version(1), it uses the system I explain above. If you use the last one, its based on risk management when the stop loss is the difference between psar and the candle, but it still needs some adjustments to make.
Overall first one is atm much more profitable, but I believe that the version with risk management can be much better, but it need much more adjustments to make which I dont have the time at the moment for it.
Enjoy it .
Cyatophilum Swing Trader [ALERTSETUP]This is an indicator for swing trading which allows you to build your own strategies, backtest and alert. This version is the alertsetup which allows to create automated alerts hosted on TradingView servers that will trigger in form of emails, SMS, webhooks, notifications, and more. The backtest version can be found in my profile scripts page.
The particularity of this indicator is that it contains several indicators, including a custom one, that you can choose in a drop down list, as well as a trailing stop loss and take profit system.
The current indicators are :
CYATO AI: a custom indicator inspired by Donchian Channels that will catch each big trend and important reversal points .
The indicator has two major "bands" or channels and two minor bands. The major bands are bigger and are always displayed.
When price reaches a major band, acting as a support/resistance, it will either bounce on it or break through it. This is how "tops" and "bottoms", and breakouts are caught.
The minor bands are used to catch smaller moves inside the major bands. A combination of volume, momentum and price action is used to calculate the signals.
Advantages of this indicator: it should catch top and bottoms better than other swing trade indicators.
Cons of this indicator: Some minor moves might be ignored. Sometimes the script will catch a fakeout due to the Bands design.
Best timeframes to use it : 2H~4H
Sample:
Other indicators available:
SARMA: A combination of Parabolic Stop and Reverse and Exponential Moving Average (20 and 40) .
SAR: Regular Parabolic Stop and Reverse .
QQE: An indicator based on Quantitative Qualitative Estimation .
SUPERTREND: A reversal indicator based on Average True Range .
CHANNELS: The classic Donchian Channels .
More indicators might be added in the future.
About the signals: each entry (long & short) is calculated at bar close to avoid repainting. Exits (SL & TP) can either be intra-bar or at bar close using the Exit alert type parameter.
STOP LOSS SYSTEM
The base indicators listed above can be used with or without TP/SL.
TP and SL can be both turned on and off and configured for both directions.
The system can be configured with 3 parameters as follows:
Stop Loss Base % Price: Starting Value for LONG/SHORT stop loss
Trailing Stop % Price to Trigger First parameter related to the trailing stop loss. Percentage of price movement in the right direction required to make the stop loss line move.
Trailing Stop % Price Movement: Second parameter related to the trailing stop loss. Percentage for the stop loss trailing movement.
Another option is the "Reverse order on Stop Loss". Use this if you want the strategy to trigger a reverse order when a stop loss is hit.
TAKE PROFIT SYSTEM
The system can be configured with 2 parameters as follows:
Take Profit %: Take profit value in percentage of price.
Trailing Profit Deviation %: Percent deviation for the trailing take profit.
Combining indicators and Take Profit/Stop Loss
One thing to note is that if a reversal signal triggers during a trade, the trade will be closed before SL or TP is reached.
Indeed, the base indicators are reversal indicators, they will trigger long/short signals to follow the trend.
It is possible to use a takeprofit without stop loss, like in this example, knowing that the signal will reverse if the trade goes badly.
The base indicators settings can be changed in the "Advanced Parameters" section.
Configuration used for this snapshot:
ALERTS DEFINITION
Each alert correspond to the labels on chart.
01. LONG ENTRY (BUY) : Long alert
02. LONG STOP LOSS : Long stop loss event
03. LONG TAKE PROFIT : Long take profit event
04. SHORT ENTRY (SELL) : Short alert
05. SHORT STOP LOSS : Short stop loss event
06. SHORT TAKE PROFIT : Short take profit event
07. LONG EXIT : Long exit alert. Triggers on both Stop loss and Take Profit
08. SHORT EXIT : Short exit alert. Triggers on both Stop loss and Take Profit
09. ALL TAKE PROFITS : Long and Short Take Profits. Both directions.
10. ALL STOP LOSSES : Long and Short Stop Losses. Both directions.
11. ALL EXITS : Long and Short exits alert. Stop Loss and Take Profit both Long and Short.
Use the link below to obtain access to this indicator.
Cyatophilum Swing Trader [BACKTEST]This is an indicator for swing trading which allows you to build your own strategies, backtest and alert. This version is the backtest which allows to use the Strategy Tester. The alert version can be found in my profile scripts page.
The particularity of this indicator is that it contains several indicators, including a custom one, that you can choose in a drop down list, as well as a trailing stop loss and take profit system.
The current indicators are :
CYATO AI: a custom indicator inspired by Donchian Channels that will catch each big trend and important reversal points .
The indicator has two major "bands" or channels and two minor bands. The major bands are bigger and are always displayed.
When price reaches a major band, acting as a support/resistance, it will either bounce on it or break through it. This is how "tops" and "bottoms", and breakouts are caught.
The minor bands are used to catch smaller moves inside the major bands. A combination of volume, momentum and price action is used to calculate the signals.
Advantages of this indicator: it should catch top and bottoms better than other swing trade indicators.
Cons of this indicator: Some minor moves might be ignored. Sometimes the script will catch a fakeout due to the Bands design.
Best timeframes to use it : 2H~4H
Sample:
Other indicators available:
SARMA: A combination of Parabolic Stop and Reverse and Exponential Moving Average (20 and 40) .
SAR: Regular Parabolic Stop and Reverse .
QQE: An indicator based on Quantitative Qualitative Estimation .
SUPERTREND: A reversal indicator based on Average True Range .
CHANNELS: The classic Donchian Channels .
More indicators might be added in the future.
About the signals: each entry (long & short) is calculated at bar close to avoid repainting. Exits (SL & TP) can either be intra-bar or at bar close using the Exit alert type parameter.
STOP LOSS SYSTEM
The base indicators listed above can be used with or without TP/SL.
TP and SL can be both turned on and off and configured for both directions.
The system can be configured with 3 parameters as follows:
Stop Loss Base % Price: Starting Value for LONG/SHORT stop loss
Trailing Stop % Price to Trigger First parameter related to the trailing stop loss. Percentage of price movement in the right direction required to make the stop loss line move.
Trailing Stop % Price Movement: Second parameter related to the trailing stop loss. Percentage for the stop loss trailing movement.
Another option is the "Reverse order on Stop Loss". Use this if you want the strategy to trigger a reverse order when a stop loss is hit.
TAKE PROFIT SYSTEM
The system can be configured with 2 parameters as follows:
Take Profit %: Take profit value in percentage of price.
Trailing Profit Deviation %: Percent deviation for the trailing take profit.
Combining indicators and Take Profit/Stop Loss
One thing to note is that if a reversal signal triggers during a trade, the trade will be closed before SL or TP is reached.
Indeed, the base indicators are reversal indicators, they will trigger long/short signals to follow the trend.
It is possible to use a takeprofit without stop loss, like in this example, knowing that the signal will reverse if the trade goes badly.
The base indicators settings can be changed in the "Advanced Parameters" section.
Configuration used for this snapshot:
BACKTEST SETTINGS
· Initial Capital: 10 000 $
· Order Size: 10% equity (to avoid compounding effect)
· Commission : 0.1% per order (total commission paid: 244.41 €)
· Slippage: 5 ticks
Oldest trade: 2014-04-01
Backtest Period: From 2014-04-01 to 2020-09-04
Use the link below to obtain access to this indicator.
Full strategy AllinOne with risk management MACD RSI PSAR ATR MAHey, I am glad to present you one of the strategies where I put a lot of time in it.
This strategy can be adapted to all type of timecharts like scalping, daytrading or swing.
The context is the next one :
First we have the ATR to calculate our TP/SL points. At the same time we have another rule once we enter(we enter based on % risk from total equity, in this example 1%, at the same time, lowest ammount for this example is 0.1 lots, but can be modified to 0.01), so we can exit both by tp/sl points, or by losing 1% of our equity or winning 1% of our total equity. It's dinamic.
The strategy is made from
Trend direction :
PSAR
First confirmation point :
Crossover between 10EMA and Bollinger bands middle point
Second confirmation
MACD histogram
Third confirmation
RSI overbought/oversold levels
For entries : we check trend with psar, then once ema cross bb middle point, we confirm together with rsi level for overbought/oversold and macd histogram ( > 0 or <0).
We exit, when we have opposite sign, like from buy to sell or sell to buy, or when we reach tp/sl points, or when we reach % basaed equity points.
It can be changed to be fixed lots, or fixed tp/sl , you just have to uncomment the size from entries, and tp/sl lines.
At the same time, it has the possibility if one desires, to trade only concrete forex session like european, asian and so on for intraday trading.
Hope you enjoy it.
Let me know how it goes.
Intraday Long & Short 5MinRules for using this indicator
1. Time Frame - 5 Min (Recommended) or 15 Min
2. Long Entry - when High of signal candle breaks by any Green candle' close.
3. Short Entry - when Low of signal candle breaks by any Red candle' close.
4. Price might reverse after you take entry till Red line or Green Line and as this indicator is based on Higher High and Lower Low Support and Resistance method. Most of time it will reverse after touching the line. You can confirm the Price action from that point. else Exit.
5. Entry in 5 Min timeframe and holding for swingtrade until overbought and oversold indication appears will give extra profits.
6. DYOR
Like,Comment and add this to favorite if you find it useful.
Consider Donating coins only if this indicator turns profitable for you.
Thank you!
Relative Strength Background [RSB] - Scalping / Intraday / SwingThis script uses Relative Strength Index to display the strength of the trend as a background. The trend can be filtered as there are multiple RSI working synchronously in order to provide the best possible view of the trend and get favourable entry and exits.
Hope This Helps.
A Physicist's Bitcoin Trading Strategy
1. Summary
This strategy and indicator were designed for, and intended to be used to guide trading activity in, crypto markets, particularly Bitcoin. This strategy uses a custom indicator to determine the state of the market (bullish vs bearish) and allocates funds accordingly. This particular variation also uses the custom indicator to determine when the market is significantly oversold and takes advantage of the opportunity (it buys the dip). The specific mathematical formula that is used to calculate the underlying custom indicator allows the trader to get in before, or near the start of, the bull trends, and get out before the bear trends. The strategy's properties dialogue box includes many display settings and parameters for optimization and customization to meet the user's needs and risk tolerance; this is both a tool to gauge the market, as well as a trading strategy to beat the market. Guidelines for parameter settings are provided. A sample dataset of backtest results using randomized parameters, both within the guidelines and outside the guidelines, is available upon request; notably, all trials outperformed the intended market (Bitcoin) during the 9-year backtest period.
2. The Indicator and Strategy
2.1. The Indicator
A mathematical formula is used to determine the state of the market according to three different "frequencies", which, for lack of better terminology, are called fast, moderate, and slow indicators. There are two parameters for each of the three indicators, one called response time and the other is a simple look-back period. Finally, four exponential moving averages are used to smooth each indicator. In total, there are 18 different levels of bullishness/bearishness. The purpose of using three indicators, rather than one, is to capture the full character of the market, from a macro/global scope down to a micro/local scope. I.e. the full indicator looks at the forest, the trees, and the branches, simultaneously.
2.2. The Strategy
The trend-trading strategy is very simple; there are only four types of orders: 1) The entire position (e.g. all bitcoins held) is sold (if it hasn't already been totally sold) when the indicator becomes maximally bearish, 2) When the movement of the indicator is in the bullish direction, the strategy dollar-cost-average (DCA) buys at an exponentially decreasing rate, i.e. it buys more in the early stages of the transition from bear->bull. 3) When the indicator is maximally bullish, it goes "all-in" † (if it hasn't already gone all-in), i.e. it converts all available cash into the underlying security/token. And, 4) when the movement of the indicator is in the bearish direction, the strategy DCA sells (again, exponentially decreasing) to get out quickly. No leverage is used in this strategy. The strategy never takes a short position.
A second "buy-the-dip" strategy is also used, and it is the synergy of these two strategies, together, that is responsible for most of the outperformance in the backtests (this strategy handily beats the non-dip-buying variation in backtests). To do this, the custom indicator is used to determine when the market is significantly oversold on a short-term basis, and the strategy responds by DCA buying. However, unlike the DCA buying during bull/bear transitions, the buy-the-dip DCA buying increases with time. Specifically, within each candle that is short-term oversold, the strategy converts 10% x # of candles since becoming oversold (up to a max of 6 candles) of available cash into the underlying security/token. I.e. the first buy is 10% of available cash and occurs in the first oversold candle, the second buy is 20% of available cash and occurs in the second oversold candle, etc. up to six consecutive oversold candles. Lastly, to ensure no conflicting orders and no leverage (buying more than what is affordable with the available cash in the fund), buy-the-dip orders take precedence over the trend-trading orders enumerated in the previous paragraph.
† Technically the strategy goes 99.5% in when it goes "all-in". This is to ensure no leverage is used given that there may be a commission of 0.5%.
3. Backtest Results
Backtest results demonstrate significant outperformance over buy-and-hold. The default parameters of the strategy/indicator have been set by the author to achieve maximum (or, close to maximum) outperformance on backtests executed on the BTCUSD (Bitcoin) chart. However, significant outperformance over buy-and-hold is still easily achievable using non-default parameters. Basically, as long as the parameters are set to adequately capture the full character of the market, significant outperformance on backtests is achievable and is quite easy. In fact, after some experimentation, it seems as if underperformance hardly achievable and requires deliberately setting the parameters illogically (e.g. setting one parameter of the slow indicator faster than the fast indicator). In the interest of providing a quality product to the user, suggestions and guidelines for parameter settings are provided in section (6). Finally, some metrics of the strategy's outperformance on the BTCUSD chart are listed below, both for the default (optimal) parameters as well as for a random sample of parameter settings that adhere to the guidelines set forth in section (6).
Using the default parameters, relative to buy-and-hold strategy, backtested from August 2011 to August 2020,
Total cumulative outperformance (total return of strategy minus total return of buy-n-hold): 13,000,000%.
Rolling 1-year outperformance: mean 318%, median 84%, 1st quartile 55%, 3rd quartile, 430%.
Rolling 1-month outperformance: mean 2.8% (annualized, 39%), median -2.1%, 1st quartile -7.7%, 3rd quartile 13.2%, 10th percentile -13.9%, 90th percentile 24.5%.
Using the default parameters, relative to buy-and-hold strategy, during specific periods,
Cumulative outperformance during the past year (August 2019-August 2020): 37%.
12/17/2016 - 12/17/2017 (2017 bull market) absolute performance of 2563% vs buy-n-hold absolute performance of 2385%
11/29/2012 - 11/29/2013 (2013 bull market) absolute performance of 14033% vs buy-n-hold absolute performance of 9247%
Using a random sample (n=20) of combinations of parameter settings that adhere to the guidelines outlined in section (6), relative to buy-and-hold strategy, backtested from August 2011 to August 2020,
Average total cumulative outperformance, from August 2011 to August 2020: 2,000,000%.
Median total cumulative outperformance, from August 2011 to August 2020: 1,000,000%.
4. Limitations
This strategy is basically a DCA-swing trading strategy, and as such it is intended to be used on the 6-hr chart. Similar performance is expected on daily chart, 12-hr chart, and 4-hr chart, but performance is likely to be limited when used on charts of shorter time-frames. However, due to the flexibility afforded by the large quantity of parameters, as well as the tools included, it may be possible to tweak the indicator settings to get some outperformance on smaller time-frames. Admittedly, the author did not spend much time investigating this.
As is apparent in the backtests, this strategy has very limited absolute performance during large bear markets, such as Bitcoin's 2018 bear market. As described, it does outperform the underlying security by a large amount in backtests, but a large absolute return is unlikely during large and prolonged declines (unless, of course, your unit of account is the underlying token, in which case an outperformance of the underlying is, by definition, an absolute positive return).
This strategy is likely to underperform if used to trade ETFs of broad equity markets. This strategy may produce a small amount of outperformance when used to trade precious metals ETFs, given that the parameters are set optimally by the user.
5. Use
The default parameters have already been set for highly optimal backtest results on the chart of BTCUSD (Bitcoin / US Dollar BITSTAMP), (although, a different combination of parameter settings may yet produce better results). Still, there is a great number of combinations that can be explored, so the user is free to tweak the settings to meet his/her/their needs. Some display options are provided to give the user a visual aid while tweaking the parameters. These include a blue/red background display of the custom indicator, a calibration system, and options to display information about the backtest results. The background pattern represents the various levels of bullishness/bearishness as semi-transparent layers of blue and red, with blue corresponding with bullish and red corresponding with bearish.
The parameters that affect the indicator are the response times, the periods, and some EMA lengths. The parameters that affect the quantity of contracts (tokens/shares/bitcoins/etc) to be bought/sold are the transitionary buy/sell rates. There are also two sets of date parameters.
The response time and period parameters are direct inputs into the underlying math formula and are used to create the base-level indicators (fast, moderate, and slow). The response times control the speed of each of the three indicators (shorter is fast, longer is slower) and the period controls how much historical data is used in computation. Information about how these should be set are included in section (6). Another set of parameters control EMA look-back periods that serve to smooth the base-level indicators. Increasing these EMA lengths makes the overall indicator less sensitive to short-term price action, while reducing them does the opposite. The effect of these parameters are obvious when the background blue/red visualization is displayed. Another EMA length is an EMA for the entire indicator. Increasing this parameter reduces the responsiveness of the trading strategy (buy/sell orders) to quick/small changes of the overall level of the indicator, so as to avoid unnecessary buying and selling in times of relatively small and balanced price perturbations. Note, changing this parameter does not have an effect on the overall indicator itself, and thus will not affect the blue/red background representation.
The transitionary buy/sell rates control the portion of the available asset to be converted to the other. E.g. if the buy rate is set to 90%, then 90% of the available cash will be used to buy contracts/tokens/shares/bitcoins during transitions bullish transitions, e.g. if the available cash at the start of the bullish transition is $10,000 and the parameter is set to 90%, then $9,000 will be used to buy in the first candle during which the transition is bullish, then $900 will be used to buy in the second candle, then $90 in the third candle, etc.
There are two dates that can be set. The first is the date at which the strategy goes all in. This is included because the buy-and-hold strategy is the benchmark against which this strategy is compared, so setting this date to some time before the strategy starts to make trades will show, very clearly, the outperformance of the strategy, especially when the initial capital parameter in the Properties tab is equal to the price of one unit of the underlying security on the date that is set, e.g. all-in on Bitcoin on 8/20/2011 and set initial capital to the BTCUSD price on that date, which was $11.70. The second date is a date to control when the strategy can begin to place trades.
Finally (actually, firstly in the Inputs dialogue box), a set of checkbox inputs controls whether or not the backtest is on or off, and what is displayed. The display options are the blue/red (bull/bear) background layers †, a set of calibrators, a plot of the total strategy equity, a plot of the cash position of the strategy, a plot of the size of the position of the strategy in contracts/shares/units (labeled as BTC position), and a plot of the rolling 1-year performances of buy-and-hold and the strategy.
About the calibrators: The calibration system allows the user to quickly assess and calibrate how well the indicator... indicates. Quite simply, the system has two parts: one plot that is the cumulative sum of the product of the indicator level and the change in the underlying price, i.e. sum of ‡, over all candles. The second part is a similar plot that is reduced according to the quickness with which the indicator changes, i.e. sum of . Maximizing the first plot at the expense of the second will cause the indicator to match the price action very well but therefore it will change very rapidly, from bullish to bearish, which is visualized by a background pattern that changes frequently from blue to red to blue. Ignoring the first plot and maximizing the second will also cause the indicator to more closely match the price action, but the transitions will be slower and less frequent, and will therefore focus on identifying the major trends of the market.
† The blue/red background has many layers and will make the chart lag as the user interacts with it.
‡ Bearish states are coded as negative quantities, so a bearish state x negative price action = positive number, and bullish state x positive price action = positive number.
6. Suggestions and Guidelines
As described in section (2.1), the indicator used in this strategy was designed to determine the state of the market--whether it is bullish or bearish--as well as the change in the state of the market--whether it is increasingly bullish or increasingly bearish. As such, the following suggestions are provided based on the principles of the indicator's design,
1. Response Time 1 should be less than (<) Response Time 2 which should be < Response Time 3
2. Fast Period < Moderate Period < Slow Period
3. In terms of the period of a full market cycle (e.g. ~ 4 years for BTC, ~ 5.5 years for equities, etc.), response times 1, 2, and 3 should be about 0.3% to 1%, 3% to 20%, and 20% to 50% of a full market cycle period, respectively. However, this is a loose guideline.
4. In terms of the period of a full market cycle, periods 1, 2, and 3 should all be about 25% to 75% of a full cycle period. Again, this is a loose guideline.
4. EMA 1 Length < EMA 2 Length < EMA 3 Length < EMA 4 Length
5. EMA Lengths 1, 2, 3, and 4 should be limited to about 1/4th the length of a full market cycle. Note, EMA lengths are measured in bars (candles), not in days. 1/4th of 1000 days is 250 days which is 250 x 4 = 1000 6-hr candles.
The following guidelines are provided based on results of over 100 backtests on the BTCUSD chart using randomized parameters †,
1. 9 days < Response Time 1 < 14 days
2. 5 days < EMA 1 Length < 100 days
3. 600 days < EMA 4 length < 1000 days
4. The ratio of the EMA range (EMA 4 len - EMA 1 len) to the sum of EMA lengths (EMA 1 len + EMA 2 len + ...) be greater than 0.4
5. The ratio of the sum of EMA 1 and EMA 2 lengths to the sum of EMA 3 and EMA 4 lengths be less than 0.3.
A suggestion from the author: Given that backtests show a high degree of outperformance using the guidelines enumerated above, a good trading strategy may be to not rely on any one particular combination of parameters. Rather, a random set of combinations of parameter settings that adhere to the guidelines above could be used to create multiple instances of the strategy in a TradingView chart, each of which varies by a small amount due to their unique parameter settings. The proportion of the entire set of strategy instances that agree about the current state of the market could indicate to the trader the level of confidence of the indicator, in aggregate.
† A sample dataset of backtest results using randomized parameters is available upon request; notably, all trials outperformed the intended market (Bitcoin).
7. General Remarks About the Indicator
Other than some exponential moving averages, no traditional technical indicators or technical analysis tools are employed in this strategy. No MACD, no RSI, no CMF, no Bollinger bands, parabolic SARs, Ichimoku clouds, hoosawatsits, XYZs, ABCs, whatarethese. No tea leaves can be found in this strategy, only mathematics. It is in the nature of the underlying math formula, from which the indicator is produced, to quickly identify trend changes.
8. Remarks About Expectations of Future Results and About Backtesting
8.1. In General
As it's been stated in many prospectuses and marketing literature, "past performance is no guarantee of future results." Backtest results are retrospective, and hindsight is 20/20. Therefore, no guarantee can, nor should, be expressed by me or anybody else who is selling a financial product (unless you have a money printer, like the Federal Reserve does).
8.2. Regarding This Strategy
No guarantee of future results using this strategy is expressed by the author, not now nor at any time in the future.
With that written, the author is free to express his own expectations and opinions based on his intimate knowledge of how the indicator works, and the author will take that liberty by writing the following: As described in section (7), this trading strategy does not include any traditional technical indicators or TA tools (other than smoothing EMAs). Instead, this strategy is based on a principle that does not change, it employs a complex indicator that is based on a math formula that does not change, and it places trades based on five simple rules that do not change. And, as described in section (2.1), the indicator is designed to capture the full character of the market, from a macro/global scope down to a micro/local scope. Additionally, as described in section (3), outperformance of the market for which this strategy was intended during backtesting does not depend on luckily setting the parameters "just right." In fact, all random combinations of parameter settings that followed the guidelines outperformed the intended market in backtests. Additionally, no parameters are included within the underlying math formula from which the indicator is produced; it is not as if the formula contains a "5" and future outperformance would depend on that "5" being a "6" instead. And, again as described, it is in the nature of the formula to quickly identify trend changes. Therefore, it is the opinion of the author that the outperformance of this strategy in backtesting is directly attributable to the fundamental nature of the math formula from which the indicator is produced. As such, it is also the opinion of the author that continued outperformance by using this strategy, applied to the crypto (Bitcoin) market, is likely, given that the parameter settings are set reasonably and in accordance with the guidelines. The author does not, however, expect future outperformance of this strategy to match or exceed the outperformance observed in backtests using the default parameters, i.e. it probably won't outperform by anything close to 13,000,000% during the next 9 years.
Additionally, based on the rolling 1-month outperformance data listed in section (3), expectations of short-term outperformance should be kept low; the median 1-month outperformance was -2%, so it's basically a 50/50 chance that any significant outperformance is seen in any given month. The true strength of this strategy is to be out of the market during large, sharp declines and capitalizing on the opportunities presented at the bottom of those declines by buying the dip. Given that such price action does not happen every month, outperformance in the initial months of use is approximately as likely as underperformance.
9. Access
Those who are interested in using this strategy may send a personal message to inquire about how to gain access. Those who are interested in acquiring the sample dataset of backtest results may send a personal message to request a copy of the data.
Trend trader StrategyFirst I would like to thank to @JustUncleL since this strategy started from one of his scalper strategies
This strategy can be adapted to all time charts .
First it has the session where we want to trade, for this example I choosed the EURUSD so I only take in consideration london/neywork session.
Its made from 3 EMA :
normal
slow
ultra slow
It has has the capacity to use HA candles into consideration if its needed.
At the same time we have a price channel made from faster MAs, that act like a bollinger band .
Together with all of them, we establish which trend we have if its uptrend or downtrend
Then we check the candles if they are below or above the MA , and based on the condition if they crossed recently we can suggest if its a buy or a long condition
At the same time we have 2 options of stop conditions:
Through a trailing stop made from ATR or % based
And second, a SL/TP made from pip points or % based.
For this example I used % based.
Let me know what you think about it, and if you found some nice settings for it. So far I only adapted to EURUSD 1 min time.
Auto S/R With Swing TradingIn this indicator, you can simply get the automatic support and resistance line.
With this indication of High and Low by H and L with blue line support and resistance.
The second part is the swing trading setup.
Green line means the upside continue with BUY signal.
Yellow Line means a Trend reversal No Trading Zone & wait for the signal.
Red line indicates that the downside continues with the SELL signal.
ATR_Trade_strategyATR Based Strategy
Identify the ATR range on Daily Chart.
ATR HIGH= Previous Close +ATR
ATR Low =Previous Close - ATR
Long when Close is above ATR High
Short when Close is below ATR Low
Exit when close moves below EMA(10) OR
a user-selected max loss
Multi Time Frame - Trade Setup ( MTF-TS )This is Beta version of the Indicator and works on Multi Time Frame Analysis with Hybrid Moving Averages and RSI
Applicability : Index Trading / Equities and on proper analysis you may use it for Option Trading also.
As part of the Indicator there are 4 Choices that the user can opt for
Show Intraday Trades - This works for Intraday Trades - when the resolution is kept to less than 1 hour ( Say 3 , 5 , 10 , 15 Mins)
Show Short Term Trades - This works well when the resolution is kept to 1 Day - Good for Swing Trades spanning over a few days
Show Long Term Trades - This works well when the resolution is kept to 1 Day or Week - Good for Investments
Show Trend Line - Will show the user the Simple Moving Average 20 based on the resolution selected , The Trend Line Is a repainted based on the hybrid RSI Logic
The Trend Line would show in three colours
Green : The Setup is in Up Trend- Try to take the trade as closer to the band as possible and when it continues to be in green ( and recommended when it would have just crossed from Red/Yellow to Green )
Red : The Setup is in Down Trend - Try to take the trade as closer to the band as possible and when it continues to be in red ( and recommended when it would have just crossed from Green/Yellow to Red )
Yellow : The Setup in sideways Trend
Visual Checks - It is always recommended to enter/exit the trade it it touches crosses over the Trend Line from one side to the other
When closer to the support resistance bands , wait for a confirmation candle to determine if you are getting resistance breakout / support or breakdown
Stop Loss - That should be done by following ones risk appetite , Ideally the open/close of the previous candle should be the stop loss for the buy/sell
but everyone has their own Risk Management Strategies based on the capital deployed.
Disclaimer : There could be scenarios when the breakout/breakdown candle is rejected , especially when it is long one
so it is always recommended to have a confirmation candle that open-closes above the breakout candle / open-closes below the breakdown candle
If you like it and find it useful or if you find a defect or bug , Please let us know in the comments .. that would encouraging !! for us to develop it further
Thank you and have a beautiful trading session !
KINSKI Laguerre Filter WaveThe "Laguerre Filter Wave" Indicator usually shows market cycles and is a perfect fit for swing traders who trade with market fluctuations. Upward-trends are shown as green lines and optional bands. Downward trends are represented by the color red. Each of the 18 available lines can be adjusted to your own preferences via a gamma factor.
You also have the following display options:
- "Up/Down Movements: On/Off" - Shows ascending and descending of lines
- "Bands: On/Off" - Fills the space between the lines with colors to indicate up or down trends
- "Bands: Transparency" - sets the transparency of the fill color
- "MA Line: Size" - sets the width of the lines
- "MA Line: Transparency" - sets the transparency of the lines
Multi Time Frame - Trade Entry PointsThis is Beta version of the Indicator and works on Multi Time Frame Analysis
As part of the Indicator there are 5 Choices that the user can set up
Show Intraday Trades - This works for Intraday Trades - when the resolution is kept to less than 1 hour
Show Short Team Trades - This works well when the resolution is kept to 1 Day - Good for swing Trades spanning over a few days
Show Long Term Trades - This works well when the resolution is kept to 1 Day or Week - Good for Investments
Show SMA20 - Will show the user the Simple Moving Average 20 based on the resolution selected
Show DMA20 - Will show the user the Daily Moving Average 20 based on the resolution selected
Buy Entry Points - Would be shown as a Green Arrow below the bar
Sell/Short Entry Points - Would be shown as a Red Arrow Above the bar
Visual Checks - It is always recommended to exit the trade it it touches SMA20
Stop Loss - That should be done by following ones risk appetite , Ideally the open/close of the previous candle should be the stop loss for the buy/sell
but everyone has their own Risk Management Strategies based on the capital deployed.
Disclaimer : There could be scenarios when the candle is shown as a buy or sell and then the candle turns into opposite direction red/green .
In such scenarios , Please refer to the just preceding candle and if this candle is moving into positive direction (forming green candle) only then buy ,
Similarly Sell/Short only if this candle is forming a red candle
