OPEN-SOURCE SCRIPT
Aggiornato Q-Trend
Q-Trend is an multipurpose indicatorm that can be used for swing- and trend-trading equally on any timeframe (non-volatile markets are better for this thing).
Settings:
How to use?
Signals are given on the chart. Also ou can use trend line as S/R line.
The idea behind:
Terms:
SRС = Source
TL = trend line;
MP = ATR multiplier;
ATR = ATR :)
TL = (highest of source P-bars back + lowest of source P-bars back) / 2
Epsilon = MP * ATR
I was thinking for a week about combining volatility and relation between highest and lowest price point. That why I called indicator Q-Trend = Quantitative Trend, as I was trying to think about price in a mathematical way.
Okay, time to go philosophical:
1) TL is shows good price trend, but as it is slow enough and not enough informative, we need add additional conditions to produce signals.
2) Okay, so what can we add as conditions? We need to take volatility into account, as it is crucial in the moments of market uncertainty. So let's use ATR (Average True Range) somehow. My idea is that if SRC breaks TL + ATR, then it means that there will be upmove and we update our TL. Analogically for SRC breaking TL - ATR (breaks are crosses of TL +- ATR lines).
Conclusion:
- if SRC breaks TL + ATR, it is a BUY signal and update of trend line;
- if SRC breaks TL - ATR, it is a SELL signal and update of trend line;
I think that such indicator already exisits on TradingView, as I've already saw something similar, but long ago, so please don't report, if such thing already exists.
But if not, then I hope, that you will gain some profits with Q-Trend :)
I will continue my work on this thing, so stay tuned.
Trade with your own risks and have your profits!
Wish you all the best!
- Tarasenko Fyodor
Settings:
- Trend period - used to calculate trend line in the special moments(will explain below);
- ATR Multiplier - changes sensitivity. The higher the multiplier = the more sensitive it is.
- Also option to smooth source data (helps get cleaner signals, as always).
How to use?
Signals are given on the chart. Also ou can use trend line as S/R line.
The idea behind:
Terms:
SRС = Source
TL = trend line;
MP = ATR multiplier;
ATR = ATR :)
TL = (highest of source P-bars back + lowest of source P-bars back) / 2
Epsilon = MP * ATR
I was thinking for a week about combining volatility and relation between highest and lowest price point. That why I called indicator Q-Trend = Quantitative Trend, as I was trying to think about price in a mathematical way.
Okay, time to go philosophical:
1) TL is shows good price trend, but as it is slow enough and not enough informative, we need add additional conditions to produce signals.
2) Okay, so what can we add as conditions? We need to take volatility into account, as it is crucial in the moments of market uncertainty. So let's use ATR (Average True Range) somehow. My idea is that if SRC breaks TL + ATR, then it means that there will be upmove and we update our TL. Analogically for SRC breaking TL - ATR (breaks are crosses of TL +- ATR lines).
Conclusion:
- if SRC breaks TL + ATR, it is a BUY signal and update of trend line;
- if SRC breaks TL - ATR, it is a SELL signal and update of trend line;
I think that such indicator already exisits on TradingView, as I've already saw something similar, but long ago, so please don't report, if such thing already exists.
But if not, then I hope, that you will gain some profits with Q-Trend :)
I will continue my work on this thing, so stay tuned.
Trade with your own risks and have your profits!
Wish you all the best!
- Tarasenko Fyodor
Note di rilascio
+ Alerts;+ Enabling/disabling trend line on the chart.
Note di rilascio
+ Signal modes.Note di rilascio
+ Strong signals;Note di rilascio
+ Minors;Note di rilascio
+ Minors;Note di rilascio
+ Minors;Note di rilascio
+ Minor changes;Note di rilascio
+ STRONG signals' alerts.Note di rilascio
+ Minors;Note di rilascio
+ Reaching fix;Note di rilascio
+ Strong SELL alert fixed.Note di rilascio
+ Option for choosing ATR period. Experiment with it to get signals that will suit your trading style.Note di rilascio
+ Option for choosing which signals to display (All, Buy/Sell, Strong or None);Same chart, but:
All Signals
https://www.tradingview.com/x/J9szJNw8/
Buy/Sell
https://www.tradingview.com/x/nztxkwlZ/
Strong
https://www.tradingview.com/x/eifPGTSz/
+ Option for choosing colours;
+ Little logic optimization.
Note di rilascio
+ Option for choosing shape of signals: label (with text) or arrows (without text).NOTE:
To apply changes delete indicator from chart, reload browser page and add indicator once again.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.