Jackrabbit.modulus.DCA

21 giu 2020

This is the Dollar Cost Averaging (DCA) for the Jackrabbit suite and modulus framework.

The blue line is the current average price of the asset.

The red line is the deviation boundary. Price action must be below this line for buys to be signaled.

The green line is the take profit. Price action must be above this line for a sell signal to be generated.

Here is a list of the settings:

Buy method: DCA or Strategy. DCA allows the module to decide buys based upon the methodology (step, price). Strategy added to the average on the basis of a buy signal from the strategy, but only when it is below the deviation and is the most organic of dollar cost averaging.

Sell Method. Take profit or Steategy. Take Profit sells the asset as soon as the price action crosses above the take profit line. Strategy sells on the basis of a sell signal, but only if it is above the take profit. Selling never occurs at a loss, with the only exception being the exit point.

Methodolgy: Step or Price. Stepping allows a fixed and uniform averaging ant percise intervals of deviation. Price is a very aggressive approach that will drive the average down on the basis of the difference between the average and the current price action. The price methodology is VERY high risk.

Take Profit, which describes the average profit percent of the combined positions.

Deviation, which describes the percent boundary for which price action must drop before additional assets are purchased.

Sideways Breaker: This algorithm breaks the sideways rut by forcing a purchase after X days, minimum 1 day.

Exit Position: Internal stop loss expressed in the number of buys.

It is important that when you establish your sell signal, ALL positions must be sold to ensure the average profit. If required, use a CLOSE ALL message provided by your platform. Also, any platform specific DCA or Safety Orders will cause losses as this script can not track their value. It is recommended that these features not be used.

The Jackrabbit modulus framework is a plug in play paradigm built to operate through TradingView's indicator on indicatior (IoI) functionality. As such, this script receives a signal line from the previous script in the IoI chain, and evaluates the buy/sell signals appropriate to the current analysis.

This script is by invitation only. To learn more about accessing this script, please see my signature or send me a PM. Thank you.

21 giu 2020

Note di rilascio

Bug fix: made sure sideways breaker doesn't operate outside a trade.

23 giu 2020

Note di rilascio

Fixed visual distortion

11 lug 2020

Note di rilascio

Added directional movement of a long or short position.

12 lug 2020

Note di rilascio

Bug in signal line directional analysis for short positions.

18 lug 2020

Note di rilascio

Added a signal line.

26 ago 2020

Note di rilascio

Algorithm tuning.

Price method now tracks last buy price and requires next buy price to be lower than the last. This always ensures price action is dropping during accumulation.

Step method now tracks deviation as a fixed position from the initial price. This ensures that the deviation is always absolute and is more defensive with regards to the budget.

27 ago 2020

Note di rilascio

Bug in price method fixed. Buying only occurs as price drops (long). Short direction works as well.

8 set 2020

Note di rilascio

Added statistics for buys/sells and max buys/sells

By request, added price aggression. If you do not plan your budget carefully, you will have your entire portfolio wrecked! This is for advanced users ONLY.

24 set 2020

Note di rilascio

Signal line expansion to manage buy/sell only scripts within the IoI framework. Added redundancy checks for future expansion and verification.

16 ott 2020

Note di rilascio

Added "Ghosting" or ghost sell signals to address incomplete chart information that may lead to gaps in time data. This is purely diagnostic and should be used with extreme care.

16 ott 2020

Note di rilascio

Simplified Chart

27 ott 2020

Note di rilascio

Added selection dor historic or live data.

15 nov 2020

Note di rilascio

Added trade cycles and average p[rofit. Both can be used in message alerts.

20 nov 2020

Note di rilascio

Fixed visual error in average profit when shorting.

25 nov 2020

Note di rilascio

Rebuilt the entire module to be more effecient and effective. Added additional diagnostics.

25 nov 2020

Note di rilascio

Visual dioagnostics cleanup

25 nov 2020

Note di rilascio

Bug fix in the step equations.

26 nov 2020

Note di rilascio

Hot fix on price aggression.

2 dic 2020

Note di rilascio

Added ability to change color of text items for the take profit, average price, deviation, and price action average.

Added a new feature, fuzzy deviation.

4 dic 2020

Note di rilascio

Added last profit diagnostics

10 dic 2020

Note di rilascio

Method fpr pulling realtime/historic data has been rewritten. The algorithm is more effective and streamlined.

9 mag 2021

Note di rilascio

Added dynamic functionality between aggressive and defensive price action. This will not really benefit the step method, but is does have a significant impact on the price method.

This allows the best of both worlds by choosing trigger points of either the number of purchases or the percentage of the average from the the price.

9 mag 2021

Note di rilascio

Fixed chart and added limits

19 mag 2021

Note di rilascio

Added dynamic take profit (DTP).

DTP is broken down into a lower and upper value. When both are the same, DTP is disabled and the standard TP mechanics function as normal.

When the lower DTP is less then the upper DTP, TP is set to the lowest value and increments according to the maximum buys per cycle. When the upper DTP is less then the lower DTP, the TP starts as the upper valus and is decreased according to the maximum buys per cycle.

DTP will woek on both Step and Price methods.

19 mag 2021

Note di rilascio

Polarity correction

20 mag 2021

Note di rilascio

Simplified and cleaned up settings.

Dynamic deviation now has an upper and lower percentage that can fluctuate according to the maximum buys per cycle.

Also dynamic opperations now take place within the current cycle, as well as adapting over the life of total cycles.

21 mag 2021

Note di rilascio

Manual override added for advanced users to select number of step in between initial value (lower) and final value (upper).

31 mag 2021

Note di rilascio

Added exit percentage. This is not a stop loss in the traditional sense and it functions exactly as exit position in respect that it occurs on the next purchase.

Take profit and deviations now support fractional numbers.

1 giu 2021

Note di rilascio

One off bug fixed with exit positions.

11 giu 2021

Note di rilascio

A long standing and difficult bug is "Sideways breaker" has been finally resolved.

4 lug 2021

Note di rilascio

Added:

Shutdown after buys/cycle, This entry shuts down the recipe if the event that buys to cycle exceeds a desired level or the desired accumulation has taken place,

Shutdown after trade cycles, this shuts down the recipe completes the desired number of trade cycles.

Weighted deviation., This weights the deviation based upon the current average price and number of buys per cycle. Allows for a graceful non linear slowing process of accumulation that can dynamically adjust to the current situation.

5 lug 2021

Note di rilascio

Bug Fix: Minimum weighted effect is not convertage to percentage properly.

14 lug 2021

Note di rilascio

Updated sideways breaker to use a NON retracing candle counting technique.

18 lug 2021

Note di rilascio

Added expert abilities to use organic deviation and take profit.

This method can be activated by setting the initial and final values of deviation or take profit to 0. BOTH numbers must be set for this special feature to activate. Also DCA buying is DISABLED for this process. This feature is expert use only and can cause extremwe losses if not properly used. Careful attention must bew taken with this approach as all the normal safeguards are DISABLED.

1 ott 2021

Note di rilascio

Added feature to hold a position with NO further purchases after user selected positions have been aquired.

2 ott 2021

Note di rilascio

Fixed bug with holding position.

6 nov 2021

Note di rilascio

Added more statistics

15 giu 2023

Note di rilascio

Updated to version 5 Pine Script.

5 lug 2023

Note di rilascio

Added an escape methodology.

Made this module overlay main chart by default.

4 apr 2024

Note di rilascio

Added a "good enough" test.

This evaluation tests the concept that a profit is "good enough" if it is "close enough" to the desired take profit area.