OPEN-SOURCE SCRIPT
Aggiornato RJ Trend Trade
RJ Trend Trade [RJTT]
Summary
The RJ Trend Trade indicator is a comprehensive trading tool designed to identify trend-based opportunities using a combination of a lagging Parabolic SAR and Bill Williams Fractals. It provides clear visual signals for entries, take-profits, re-entries, and exits directly on your chart. With a built-in ATR-based stop loss and a fully configurable alert system, this indicator is built to be a complete framework for discretionary or systematic traders.
Core Strategy
The indicator's logic is built upon two robust technical concepts:
Lagging Parabolic SAR (PSAR) for Trend Direction and Entries/Exits: The core trend direction and primary entry/exit signals are determined by a crossover between the price and a lagging PSAR. A cross of the lagging PSAR above the high signals a potential buy entry, while a cross below the low signals a potential sell entry. The reverse crossovers act as the primary exit signals, indicating a potential trend reversal.
Bill Williams Fractals for Take-Profit (TP) and Re-Entries (RE): Once a trade is active, the indicator uses breakouts of recent Bill Williams Fractals to identify tactical opportunities.
Take-Profit (TP): When price breaks a fractal in the direction of the trend (e.g., breaks a higher-high fractal in an uptrend), it signals a potential area to take partial or full profits.
Re-Entry (RE): When price breaks a fractal against the primary trend (e.g., breaks a higher-high fractal during a downtrend), it can signal a potential re-entry point to add to the position, often at a more favorable price.
Key Features
Clear Visual Signals: Displays easy-to-read labels on the chart for all key trading events:
BUY / SELL: Main entry signals.
TP: Take-Profit signals.
RE: Re-Entry signals.
EXIT: Trend reversal exit signals based on PSAR.
SL: Stop Loss hit signals.
ATR-Based Stop Loss: Includes an optional, fully configurable Average True Range (ATR) stop loss to help manage risk from the moment a position is opened.
Comprehensive Alert System: Every single signal generated by the indicator (Buy, Sell, TP, RE, Exit, and SL) can be used to create a custom alert in TradingView. This allows for seamless integration with mobile notifications, email, or webhook-based automation.
Highly Customizable: Provides a detailed settings menu to fine-tune every aspect of the strategy, including PSAR parameters, Fractal lookbacks, and signal visibility.
Position Direction Control: Easily configure the indicator to show Buy & Sell, Buy Only, or Sell Only signals to match your market bias.
How to Use
Entry Signals: Look for BUY (green label below a candle) or SELL (red label above a candle) signals to initiate a trade. These appear when the lagging PSAR indicates a new trend may be starting.
Managing the Trade:
Take-Profit (TP): When a TP label appears, consider taking some profit off the table.
Re-Entry (RE): When an RE label appears, it suggests a potential opportunity to add to your existing position.
Stop Loss (SL): The red line indicates your ATR-based stop loss level. If the price touches this line, an SL label will appear, and the indicator will automatically close the conceptual trade.
Exit Signals: An EXIT label (based on the PSAR reversing) signals that the primary trend may have ended, and it is time to close the position.
Setting Up Alerts
This indicator is designed for full alert integration.
Add the indicator to your chart.
Click the 'Alert' button in TradingView's top toolbar.
In the 'Condition' dropdown, select "RJ Trend Trade".
In the second dropdown, choose the specific signal you want an alert for (e.g., "Enter-Buy", "TP-Sell", "StopLoss-Buy").
Configure your notification preferences and click "Create".
Disclaimer: This indicator is a tool for technical analysis and should not be considered financial advice. All trading involves risk. Please backtest this indicator thoroughly and use proper risk management before trading with real capital.
Summary
The RJ Trend Trade indicator is a comprehensive trading tool designed to identify trend-based opportunities using a combination of a lagging Parabolic SAR and Bill Williams Fractals. It provides clear visual signals for entries, take-profits, re-entries, and exits directly on your chart. With a built-in ATR-based stop loss and a fully configurable alert system, this indicator is built to be a complete framework for discretionary or systematic traders.
Core Strategy
The indicator's logic is built upon two robust technical concepts:
Lagging Parabolic SAR (PSAR) for Trend Direction and Entries/Exits: The core trend direction and primary entry/exit signals are determined by a crossover between the price and a lagging PSAR. A cross of the lagging PSAR above the high signals a potential buy entry, while a cross below the low signals a potential sell entry. The reverse crossovers act as the primary exit signals, indicating a potential trend reversal.
Bill Williams Fractals for Take-Profit (TP) and Re-Entries (RE): Once a trade is active, the indicator uses breakouts of recent Bill Williams Fractals to identify tactical opportunities.
Take-Profit (TP): When price breaks a fractal in the direction of the trend (e.g., breaks a higher-high fractal in an uptrend), it signals a potential area to take partial or full profits.
Re-Entry (RE): When price breaks a fractal against the primary trend (e.g., breaks a higher-high fractal during a downtrend), it can signal a potential re-entry point to add to the position, often at a more favorable price.
Key Features
Clear Visual Signals: Displays easy-to-read labels on the chart for all key trading events:
BUY / SELL: Main entry signals.
TP: Take-Profit signals.
RE: Re-Entry signals.
EXIT: Trend reversal exit signals based on PSAR.
SL: Stop Loss hit signals.
ATR-Based Stop Loss: Includes an optional, fully configurable Average True Range (ATR) stop loss to help manage risk from the moment a position is opened.
Comprehensive Alert System: Every single signal generated by the indicator (Buy, Sell, TP, RE, Exit, and SL) can be used to create a custom alert in TradingView. This allows for seamless integration with mobile notifications, email, or webhook-based automation.
Highly Customizable: Provides a detailed settings menu to fine-tune every aspect of the strategy, including PSAR parameters, Fractal lookbacks, and signal visibility.
Position Direction Control: Easily configure the indicator to show Buy & Sell, Buy Only, or Sell Only signals to match your market bias.
How to Use
Entry Signals: Look for BUY (green label below a candle) or SELL (red label above a candle) signals to initiate a trade. These appear when the lagging PSAR indicates a new trend may be starting.
Managing the Trade:
Take-Profit (TP): When a TP label appears, consider taking some profit off the table.
Re-Entry (RE): When an RE label appears, it suggests a potential opportunity to add to your existing position.
Stop Loss (SL): The red line indicates your ATR-based stop loss level. If the price touches this line, an SL label will appear, and the indicator will automatically close the conceptual trade.
Exit Signals: An EXIT label (based on the PSAR reversing) signals that the primary trend may have ended, and it is time to close the position.
Setting Up Alerts
This indicator is designed for full alert integration.
Add the indicator to your chart.
Click the 'Alert' button in TradingView's top toolbar.
In the 'Condition' dropdown, select "RJ Trend Trade".
In the second dropdown, choose the specific signal you want an alert for (e.g., "Enter-Buy", "TP-Sell", "StopLoss-Buy").
Configure your notification preferences and click "Create".
Disclaimer: This indicator is a tool for technical analysis and should not be considered financial advice. All trading involves risk. Please backtest this indicator thoroughly and use proper risk management before trading with real capital.
Note di rilascio
RJ Trend Trade [RJTT]Summary
The RJ Trend Trade indicator is a comprehensive trading tool designed to identify trend-based opportunities using a combination of a lagging Parabolic SAR and Bill Williams Fractals. It provides clear visual signals for entries, take-profits, re-entries, and exits directly on your chart. With a built-in ATR-based stop loss and a fully configurable alert system, this indicator is built to be a complete framework for discretionary or systematic traders.
Core Strategy
The indicator's logic is built upon two robust technical concepts:
Lagging Parabolic SAR (PSAR) for Trend Direction and Entries/Exits: The core trend direction and primary entry/exit signals are determined by a crossover between the price and a lagging PSAR. A cross of the lagging PSAR above the high signals a potential buy entry, while a cross below the low signals a potential sell entry. The reverse crossovers act as the primary exit signals, indicating a potential trend reversal.
Bill Williams Fractals for Take-Profit (TP) and Re-Entries (RE): Once a trade is active, the indicator uses breakouts of recent Bill Williams Fractals to identify tactical opportunities.
Take-Profit (TP): When price breaks a fractal in the direction of the trend (e.g., breaks a higher-high fractal in an uptrend), it signals a potential area to take partial or full profits.
Re-Entry (RE): When price breaks a fractal against the primary trend (e.g., breaks a higher-high fractal during a downtrend), it can signal a potential re-entry point to add to the position, often at a more favorable price.
Key Features
Clear Visual Signals: Displays easy-to-read labels on the chart for all key trading events:
BUY / SELL: Main entry signals.
TP: Take-Profit signals.
RE: Re-Entry signals.
EXIT: Trend reversal exit signals based on PSAR.
SL: Stop Loss hit signals.
ATR-Based Stop Loss: Includes an optional, fully configurable Average True Range (ATR) stop loss to help manage risk from the moment a position is opened.
Comprehensive Alert System: Features two distinct alert modes—create individual alerts for each specific signal, or use the convenient "All-in-One" alert to capture every signal with a single notification.
Highly Customizable: Provides a detailed settings menu to fine-tune every aspect of the strategy, including PSAR parameters, Fractal lookbacks, and signal visibility.
Position Direction Control: Easily configure the indicator to show Buy & Sell, Buy Only, or Sell Only signals to match your market bias.
How to Use
Entry Signals: Look for BUY (green label below a candle) or SELL (red label above a candle) signals to initiate a trade. These appear when the lagging PSAR indicates a new trend may be starting.
Managing the Trade:
Take-Profit (TP): When a TP label appears, consider taking some profit off the table.
Re-Entry (RE): When an RE label appears, it suggests a potential opportunity to add to your existing position.
Stop Loss (SL): The red line indicates your ATR-based stop loss level. If the price touches this line, an SL label will appear, and the indicator will automatically close the conceptual trade.
Exit Signals: An EXIT label (based on the PSAR reversing) signals that the primary trend may have ended, and it is time to close the position.
Setting Up Alerts
This indicator features two powerful alert modes, configurable in the settings menu under "Alert Type":
1. Individual Signals (Default):
This mode allows you to create highly specific alerts for every single trading event.
Add the indicator to your chart and go to Settings. Ensure "Alert Type" is set to "Individual Signals".
Open the 'Alert' creation panel.
In the 'Condition' dropdown, select "RJ Trend Trade".
A second dropdown will appear. Choose the exact signal you want to be notified about (e.g., "Enter-Buy", "TP-Sell", "StopLoss-Buy").
Configure your notification preferences and click "Create".
2. All-in-One Alert:
This mode provides a convenient single alert that triggers for any signal generated by the indicator. The alert message will dynamically update to tell you exactly which signal occurred.
Add the indicator to your chart and go to Settings. Change "Alert Type" to "All-in-One Alert".
Open the 'Alert' creation panel.
In the 'Condition' dropdown, select "RJ Trend Trade".
In the second dropdown, select "RJTT: Any Signal".
Configure your notification preferences and click "Create". You only need to create this one alert to be notified of all signals.
Disclaimer: This indicator is a tool for technical analysis and should not be considered financial advice. All trading involves risk. Please backtest this indicator thoroughly and use proper risk management before trading with real ca
Note di rilascio
Update RE(Re Entry Function and TP(Take Profit))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.