Inizia

Breakout

Repeated Median Regression ChannelThis script uses the Repeated Median (RM) estimator to construct a linear regression channel and thus offers an alternative to the available codes based on ordinary least squares. The RM estimator is a robust linear regression algorithm. It was proposed by Siegel in 1982 (1) and has since found many applications in science and engineering for linear trend estimation and data filtering. The key difference between RM and ordinary least squares methods is that the slope of the RM line is significantly less affected by data points that deviate strongly from the established trend. In statistics, these points are usually called outliers, while in the context of price data, they are associated with gaps, reversals, breaks from the trading range. Thus, robustness to outlier means that the nascent deviation from a predetermined trend will be more clearly seen in the RM regression compared to the least-squares estimate. For the same reason, the RM model is expected to better depict gaps and trend changes (2). Input Description Length : Determines the length of the regression line. Channel Multiplier : Determines the channel width in units of root-mean-square deviation. Show Channel : If switched off , only the (central) regression line is displayed. Show Historical Broken Channel : If switched on , the channels that were broken in the past are displayed. Note that a certain historical broken channel is shown only when at least Length / 2 bars have passed since the last historical broken channel. Print Slope : Displays the value of the current RM slope on the graph. Method Calculation of the RM regression line is done as follows (1,3): For each sample point ( t (i), y (i)) with i = 1.. Length , the algorithm calculates the median of all the slopes of the lines connecting this point to the other Length -1 points. The regression slope is defined as the median of the set of these median slopes. The regression intercept is defined as the median of the set { y (i) – m * t (i)}. Computational Time The present implementation utilizes a brute-force algorithm for computing the RM-slope that takes O ( Length ^2) time. Therefore, the calculation of the historical broken channels might take a relatively long time (depending on the Length parameter). However, when the Show Historical Broken Channel option is off, only the real-time RM channel is calculated, and this is done quite fast. References 1. A. F. Siegel (1982), Robust regression using repeated medians, Biometrika, 69 , 242–244. 2. P. L. Davies, R. Fried, and U. Gather (2004), Robust signal extraction for on-line monitoring data, Journal of Statistical Planning and Inference 122 , 65-78. 3. en.wikipedia.org
Indicatore Pine Script®
di tbtkg
21
Double DojiStrategy Kiss = 'Keep It Simple, Stupid' or 'Keep It Simple, Smart' The script simply identifies 2 consecutive Doji candles, and calculates Target on both the sides for given Reward : Risk factor. The High-Low to Open-Close ratio is set to default value 20. The Reward : Risk ratio is of default value 2. Both can be set to values of your choice. Accuracy best on Daily chart. Can be tried on any timeframe though. Trading Rules: Buy at higher / Short at lower of the 2 candles, with other as Stop Loss. If a Stop Loss is hit, go for reverse trade. If again a SL is hit, switch to other instrument. Important: If trading in Futures and target is achieved, hedge the position by buying an option (subject to liquidity). Reason is, the trend may condition to any extent and you would definitely not want to miss out the whole action. Check the shared example. For a risk to 175 points, reward is 2200+ points (more than 12.5 times).
Indicatore Pine Script®
di SushilKothawade
2
Moving Regression Band Breakout strategyFollowing the introduction of the Moving Regression Prediction Bands indicator (see link below), I'd like to propose how to utilize it in a simple band breakout strategy : Go long after the candle closes above the upper band . The lower band (alternatively, the lower band minus the 14-period ATR or the central line ) will serve as a support line . Exit as soon as the candle closes below the support line . To manage the risk of false breakouts, a fixed stop loss is set to the value of the support line at the time of opening a position. When the support line moves above the position opening price, shift the stop loss to breakeven. The same logic but in reverse applies to short positions. As an option, it is possible to allow long entries only when the slope of the Moving Regression curve is positive (and short entries when the slope is negative). Model parameters: Length and Polynomial Order define the lag and smoothness of the model. Multiplier specifies the width of the channel. As the default model parameter values, I set those that I found to provide optimal risk / reward ratio on the daily timeframe (for both trending and range-bound market). However, the settings are very flexible and can be well-adjusted to particular market conditions. Feel free to play around and leave feedback in the comments! Here's the original Moving Regression Prediction Bands script:
Strategia Pine Script®
di tbtkg
24
Multi Time Frame Candles with Volume Info / 3DHello Traders, This is my second Multi Time Frame Candles script but with this new one, you will have some new features such volume info, remaining time to close of higher time frame candle and also developed using new features of Pine such array of lines. also I tried to make it 3D for better visualization ;) also it shows new highs/lows / breakouts. I tried to make many things optional, so you can change almost everything using options. What you can change using options: - Higher time frame - Number of Candles - Candle Colors Up/Down - Wick Color - Volume colors Up/Down - Text color of Remaining Time - Shadow Color - Background color - Start bar of the candles (so you can see many higher times frame candles in same window) - 3D effect, by default it's enables but you can disable 3D view Lets see some examples: Remaining time: Breakouts: You can combine different higher time frames: if you don't want 3D view then combining different higher time frames: You can change background color: Enjoy!
Indicatore Pine Script®
di LonesomeTheBlue
102
[astropark] Progressive VWAPDearDear Followers, today another awesome Analysis Tool, that you can use in your trading journey: Progressive VWAP ! If you love vwap, you will love this indicator, as it calculates some special "progressive" / "evolving" vwap levels: daily vwap named dvwap 2D vwap named 2dvwap 3D vwap named 3dvwap weekly vwap named wvwap 2W vwap named 2wvwap Monthly vwap named mvwap Quarterly vwap named qvwap Yearly vwap named yvwap You can: choose which progressive vwap to show and which to hide change each line color / thickness / display style (solid or dashed) choose to show or hide labels and change their size Why such indicator should be helpful? How can I use it to do profit? In multiple ways: when a lower timeframe crosses an higher timeframe progressive vwap, you know sentiment is getting bullish and viceversa if the cross is downwards price tends to bounce on such progressive vwaps: the higher the timeframe, the more probably the bounce is as well as the magnitude of the breakout of the level This indicator works on every timeframe, market and pair. As I always say, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies. This is a premium indicator , so send me a private message in order to get access to this script.
Indicatore Pine Script®
di astropark
Vortex Range Breakout SystemThis is a Vortex Based Visual System, Which can help you identify the Vortex Crosses based Range Breakouts/ Breakdown, over the price Scale, How its made ? The vortex Crosses are projected over the Price on Same Time frame {Green and Red Filled area} -> green Area means : Vortex Crossover Range -> red Area means : Vortex Crossunder Range and on Higher Timeframe Vortex Cross Levels are Plotted, which you see as : Blue and Orange Lines Default Configs Vortex Period is 14 Higher Timeframe Option is set to 60 mins You can change the Higher timeframe to any minutes which suits your need Also If you want to change the Higher Timeframe in Days just know 1D = 24*60 min, = 1140mins Enjoy!
Indicatore Pine Script®
di Ankit_1618
3
Ravih Pro Trend BreakoutThis is a Trend Breakout Strategy on “DAILY Time-frame” This Strategy is designed keeping in mind with Medium to Long Term traders. The strategy works only on Daily Time-frame and on Closing Price. The concept here is to identify assets with potential change in trend. Primary focus is to position for the big move. There are times... trying to catch every trend, many of which can be unprofitable especially in side-way market. However, the primary purpose of this strategy is to catch all the major trend movements, which are much more profitable than minor market losses in all the side-way market. I’ve simplified it to make it user-friendly. How to use? Set it to Daily Time-frame. Buy, Take Profit 1,2,3 and Exit signals are included on chart based on the current Trend direction. The system shows an Exit signal if the system’s exit conditions are met. It works only on Daily Time-frame and on Closing Price. Dark Blue Up Triangle denotes Buy at the Closing Price. Entry Price is Closing Price or with + or – 2% tolerance of the Closing Price for the following market day. Purple Down Triangle denotes Exit to close any remaining position to free up capital. Little Green Up Triangles denote the Bulls are in Control and Overpowering the Bears and represents minor Buying opportunities with strong probability of continuing up-moves. Setting Up Alerts The user has the option to Setup Alerts for all chart signals that is… For Buy, for Exit, for Take Profit 1 set at 24%, for Take Profit 2 set at 48% and for Take Profit 3 set at 72% The user also has the option to adjust the Take Profit as per their desire. However, the predetermined Take Profit set for this strategy does work reasonably well. Remember... This strategy is only built for stocks. It is Not for Indices neither for any other financial instruments. No SHORT signals in this strategy.
Indicatore Pine Script®
di ravih1962
12
LAGging span leaves Bollinger Bands strategyAbstract This script points out the positions a lagging span leaves a Bollinger Band. This script does not plot a lagging span but moves the Bollinger Band forward. You can find profit opportunities by combining this script and risk management. Introduction Bollinger Bands is a popular indicator. It contains a moving average, an upper band and a lower band. The moving average can indicate trend, the upper band and the lower band can indicate if the price is far away from the moving average. However, in trading markets, anything can happen. Both continuation and reversal are possible when the price touches the moving average, the upper band or the lower band. Therefore, many traders adjust the parameters of the Bollinder Band or add other indicators to improve their trading strategies. @Daveatt et. al. provided an idea that uses a lagging span. A lagging span is a line chart. It displays the reference price but in earlier time. For example, if the offset of a lagging span is 26 days, the value of the lagging span on 29 days ago is the reference price 3 days ago. A lagging span is a part of Ichimoku Cloud. It can compare the price to the earlier price and the values of indicators in the past. To compare the price to the values of indicators in the past, we can also shift indicators forward instead of adding a lagging span into the chart. This script uses shift-the-indicators-forward method. In other words, this script plots the Bollinger Band forward so that the price can be compared to the values of the Bollinger Band in the past. Computing and Adjusting (1) Compute Moving Average (2) Compute Standard Derivation (3) Upper Band = Moving Average + Standard Derivation * Multi (4) Lower Band = Moving Average - Standard Derivation * Multi (5) Shift the Bollinger Band forward according to the offset parameter. (6) Mark the points the price leaves the shifted Bollinger Band (7) Compute the most possible loss and profit before the next opposite signal. Parameters source : the data for computing the bollinger band. can be open, high, low, close or their combination. length : how many days are calculated by the bollinger band mult : the distance from the moving average to the upper band and the distance from the moving average to the upper band is equal to ( mult * standard derivation ) . x_offset : the offset of the lagging span Conclusion This script can find signals for potential breakout or trend continuation. If you want to use this signal well, you need to know when to cut loss and protect the profit. Reference @Daveatt , Bollinger bands/Lagging span cross , BGyrPgOA , Tradingview 2019 How to trade with Bollinger Bands How to use Ichimoku Cloud How to trade with a line chart
Strategia Pine Script®
di clocks156t174
4
Price Action - Support & Resistance by DGTSᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ , is undoubtedly one of the key concepts of technical analysis █  Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Dᴇꜰɪɴɪᴛɪᴏɴ Support and Resistance terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an financial instrument from getting pushed in a certain direction. A support level is a price level where buyers are more aggressive than sellers. This means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level it is likely to continue falling until meeting another support level. A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. Again, this means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level it is likely to continue rising until meeting another resistance level. A previous support level will sometimes become a resistance level when the price attempts to move back up, and conversely, a resistance level will become a support level as the price temporarily falls back. █  Iᴅᴇɴᴛɪꜰʏɪɴɢ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Support and resistance can come in various forms, and the concept is more difficult to master than it first appears. Identification of key support and resistance levels is an essential ingredient to successful technical analysis. If the price stalls and reverses in the same price area on minimum of two different occasions, then a horizontal line is drawn to show that the market is struggling to move past that area. Those areas are static barriers, one of the most popular forms of support/resistance and are highlighted with horizontal lines. Repeated test , the more often a support/resistance level is "tested" over an extended period of time (touched and bounced off by price), the more significance is given to that specific level High volume , the more buying and selling that has occurred at a particular price level, the stronger the support or resistance level is likely to be Market psychology , plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement. Psychological levels , is a price level that significantly affects the price of an underlying financial instrument. Typically, near round numbers often serve as support and resistance The following support and resistance related topics are beyond the scope of this study, so they will be mentioned roughly only as a reference for support and resistance concept Trendlines , Support and resistance levels in trends are dynamic. Throughout an uptrend, levels of support tend to look like a trendline, usually clustering around higher lows. As the price rises, the price where buyers consider the stock to be “too cheap” also changes, which creates new support levels on the way up. The same is also true for resistance levels. In an uptrend, a stock is continuously breaking through perceived resistance levels and making new highs Moving Averages , is a constantly changing line that smooths out past price data while also allowing the trader to identify support and resistance. In the example Notice how the price of the asset finds support at the moving average when the trend is up, and how it acts as resistance when the trend is down The Fibonacci Retracement/Extension tool , is a favorite among many short-term traders because it clearly identifies levels of potential support and resistance Pivot Point Calculations , is another common technical analysis technique, where pivot point is calculated based on the high, low, and closing prices of previous trading session/day and support & resistance levels are projected based on the pivot point, different calculation techniques are available, as presented in this example of an pivot point indicator : PVTvX by DGT █  Tʀᴀᴅɪɴɢ Bᴀꜱᴇᴅ ᴏɴ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level (trading ranges), or violate the price level and continue in its direction (trading breakouts) —until it hits the next support or resistance level The basic trading method for using support and resistance is to buy near support in uptrends or the parts of ranges or chart patterns where prices are moving up and to sell/sell short near resistance in downtrends or the parts of ranges and chart patterns where prices are moving down. Buying near support or selling near resistance can pay off, but there is no assurance that the support or resistance will hold. Therefore, consider waiting for some confirmation that the market is still respecting that area Trading breakouts, a breakout is a potential trading opportunity that occurs when an asset's price moves above a resistance level or moves below a support level on increasing volume. The first step in trading breakouts is to identify current price trend patterns along with support and resistance levels in order to plan possible entry and exit points. Once the asset trades beyond the price barrier, volatility tends to increase and prices usually trend in the breakout's direction. Breakouts are such an important trading strategy since these setups are the starting point for future volatility increases, large price swings and, in many circumstances, major price trends. When trading breakouts, it is important to consider the underlying asset's support and resistance levels. The more times an asset price has touched these areas, the more valid these levels are and the more important they become. At the same time, the longer these support and resistance levels have been in play, the better the outcome when the asset price finally breaks out. Asset prices will often move slightly further than we expect them to. This doesn't happen all the time, but when it does it is called a false breakout. Therefore it is important to consider waiting for some confirmation while trading breakouts. It’s also popular for traders to sell 50% of their positions at the resistance level, and hold the rest in anticipation of a breakout above resistance █  Pʀɪᴄᴇ Aᴄᴛɪᴏɴ - Sᴜᴘᴘᴏʀᴛ & Rᴇꜱɪꜱᴛᴀɴᴄᴇ ʙʏ DGT Sᴛᴜᴅʏ This experimental study attempts to identify the support and resistance levels. Assumes a simple logic to discover moments where the price is rising or falling consecutively for minimum 3 bars with the condition volume increases on each bar and the last bar’s volume should be bigger than the long term volume moving average. A line will be drawn at the end of the move (highest or lowest, depending on the move direction), the line will be drawn at minimum on the 3rd bar and if condition holds for other consecutive bars the line will switch to 4th, 5th etc bar. Lines will not be deleted so the historical ones will remain and will emphasis the levels significance when they overlap in feature. Strong levels are more likely to hold and cause the price to move in the other direction, whereas the minor levels may only cause the price to pause and keep moving in the same direction. Determining future levels of support and resistance can drastically improve the returns of a short-term investing strategy Bar colors will be painted based on the volume of the specific bar to its long term volume moving average. This will help identifying the support and resistance levels significance and emphasis the sings of breakouts Finally, Volume spikes will be marked on top of the price chart. A high volume usually indicates more interest in the security and the presence of institutional traders. However, a rapidly rising price in an uptrend accompanied by a huge volume may be a sign of exhaustion. Traders usually look for breaks of support and resistance to enter positions. When security break critical levels without volume , you should consider the breakout suspect and prime for a reversal off the highs/lows. Volume spikes are often the result of news-driven events. Volume spike will often lead to sharp reversals since the moves are unsustainable due to the imbalance of supply and demand A good example with many support and resistance concepts observed on a stock chart and detected by the study Settings: Length of volume moving average, where volume moving average is used to detect support and resistance levels, is used as reference to compare with threshold values for volume spikes and colors of the bars Hint, to get more historical lines scrolling chart to left will enable visualization of them. Please note they may appear to much all 500 line limit is used 😉 Special thanks to @HEMANT Telegram user, for his observations and suggestions Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicatore Pine Script®
di dgtrd
287
alGROWithm Premium - Strategy TesterThe alGROWithm Strategy Tester is a supplement to the original alGROWithm indicator. Use this strategy to do your own back testing and find the best settings that work for your asset of choice. █ WHY THIS IS IMPORTANT Different assets require different settings for optimal results. This strategy script will allow you back test different settings for alGROWithm in order to analyze key metrics such as win rate and P/L. TradingView functionality also enables you to view a high level performance summary and even see every single individual trade made by the algo. █ BEST PRACTICES Depending on the asset you are testing, it is very important to update the settings as needed. For example, if you are back testing on US30, you will likely need to increase the starting capital. For other assets, you may also need to change the order size to use the Contracts option. It is important to decide for yourself which back testing parameter you will weigh more heavily in terms of importance. For example, a day trader may want to use a setting that maximizes win rate rather than profit % since we are humans and not computers. Further, it is highly recommended to utilize all of the rich features that TradingView provides with regards to back testing. For example, using the List of Trades tab, go back to find a failed trade and analyze the trade to see if you actually would have taken it in the moment. After finding the best sensitivity for your asset, it is important to set that sensitivity value on the non-strategy version of alGROWithm for usage. Changing settings on this version will not carry over to the non-strategy version. █ DEFAULT SETTINGS We have set the following default settings on the strategy: Starting capital: $100k Order size: 30% of equity Sell 1/5 of position every Take Profit level
Strategia Pine Script®
di algrowithm
6
MM Zone OutThis indicator is used to automatically plot the strongest support and resistance points that are nearest to the current price Based on the calculations of the High & Low points MM Zone Out works on all assets and all time frames so it doesn't matter whether you are a scalper, intraday or swing trader. you can adjust the settings to have the indicator scan for closer or farther support and resistance points to tailor specifically to your trading strategy or to the money moves algorithm Use link below or PM us for access you this indicator Happy Trading
Indicatore Pine Script®
di MoneyMovesInvestments
rocketLaunchI wanted to see if I could programmatically identify the conditions I saw just before Bitcoin broke its all-time high end of 2020. The signal picks up several rocket launch moments prior to launching which is quite cool. It also picks up a few false starts, however. In any case, I would have loved to be stopped out on those false starts but been there for all the starts this thing picks up. It could probably use more confirmatory elements such as trailing conditions and volume perhaps? BINANCE:BTCUSDTPERP
Indicatore Pine Script®
di CryptoBoole
5
Consolidation Ranges [kingthies] Consolidation Range Analysis Published by Eric Thies, January 2021 █ Indicator Summary This tool calculates, analyzes and plots the visualization of a relative range over a given period of time By adding to charts, users are enabled to see the impulsive nature of market cycles, along with their efforts to consolidate thereafter The default period is 30, and should be adjusted to users preference The default input is the current close price, on the chosen timeframe of the chart █ Script Source // //@version=4 //© kingthies || This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org study("Consolidation Ranges ", shorttitle="CR ", overlay=true) // !<------ User Inputs -----> src = input(close, title='Range Input (Default set to Close'), lengthEMA=input(30,title='Length'),zoneToggle = input(true, title="Toggle Zone Highlights"), iCol = color.new(#FFFFFF, 100), // !<---- Declarations & Calculations ---- > trndUp = float(na),trndDwn = float(na), mid = float(na), e = ema(src, lengthEMA) trndUp := src < nz(trndUp ) and src > trndDwn ? nz(trndUp ) : high, trndDwn := src < nz(trndUp ) and src > trndDwn ? nz(trndDwn ) : low, mid := avg(trndUp, trndDwn) // !< ---- Plotting -----> highRange = plot(trndUp == nz(trndUp ) ? trndUp : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Top of Period Range") lowRange = plot(trndDwn == nz(trndDwn ) ? trndDwn : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Bottom of Period Range") xzone = plot(zoneToggle ? src > e ? trndDwn : trndUp : na, color=iCol, style=plot.style_circles, linewidth=0, editable=false) fill(highRange, xzone, color=color.lime,transp=70), fill(xzone, lowRange, color=color.red,transp=70) //
Indicatore Pine Script®
di kingthies
13
TradeChartist Donchian Channels Breakout Strategy™TradeChartist Donchian Channels Breakout Strategy is the strategy backtester version of ™TradeChartist Donchian Channels Breakout Filter . =================================================================================================================== Features of ™TradeChartist Donchian Channels Breakout Strategy ======================================================== Option to plot Donchian Channels of user preferred length, based on the Source price in addition to High/Low Donchian Channels. Generates trade entries based on user preferred Breakout Price. For example, if the user prefers HL2 as breakout price, irrespective of the Donchian Channels type, trade entries are generated only when hl2 price (average of high/low) breaks out of the upper or lower band. Option to plot background colour based on Breakout trend. The bull zones are filled with green background, the Bear zones are filled with red background and the bar that broke out is filled with orange background. Option to colour price bars using Donchian Channels price trend. The Donchian Channels basis line is plotted using the same colours as coloured bars as default. Note: This script does not repaint. To use the script for trade entries, wait for the bar close without Backtester or Strategy entries (with Backtester) and use a second confirmator (includes fundamentals) based on asset type as some markets require users to have good pulse on the fundamentals as trading by Technicals/price action dynamic alone may not be safe. Note: Trend Based Stochastic of the same DC Length can be used from ™TradeChartist Risk Meter for Trade Confirmations too. =================================================================================================================== Best Practice: Test with different settings first using Paper Trades before trading with real money =================================================================================================================== This is not a free to use strategy. Get in touch with me (PM me directly if you would like trial access to test the strategy) Premium Scripts - Trial access and Information Trial access offered on all Premium scripts. PM me directly to request trial access to the scripts or for more information. ===================================================================================================================
Strategia Pine Script®
di TradeChartist
13
TradeChartist Donchian Channels Breakout Filter™TradeChartist Donchian Channels Breakout Filter is an elegant version of the classic Donchian Channels with few extra variations and option to filter breakouts based on user preferred Breakout price selection to generate Trade Entries. =================================================================================================================== Features of ™TradeChartist Donchian Channels Breakout Filter ====================================================== Option to plot Donchian Channels of user preferred length, based on the Source price in addition to High/Low Donchian Channels. Generates trade entries based on user preferred Breakout Price. For example, if the user prefers HL2 as breakout price, irrespective of the Donchian Channels type, trade entries are generated only when hl2 price (average of high/low) breaks out of the upper or lower band. Option to plot background colour based on Breakout trend. The bull zones are filled with green background, the Bear zones are filled with red background and the bar that broke out is filled with orange background. Option to colour price bars using Donchian Channels price trend. The Donchian Channels basis line is plotted using the same colours as coloured bars as default. Alerts can be created for long and short entries using Once per Bar Close . Note: This script does not repaint . To use the script for trade entries, wait for the bar close and use a second confirmator (includes fundamentals) based on asset type as some markets require users to have good pulse on the fundamentals as trading by Technicals/price action dynamic alone may not be safe. =================================================================================================================== Best Practice: Test with different settings first using Paper Trades before trading with real money =================================================================================================================== This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator) Premium Scripts - Trial access and Information Trial access offered on all Premium scripts. PM me directly to request trial access to the scripts or for more information. ===================================================================================================================
Indicatore Pine Script®
di TradeChartist
23
alGROWithm PremiumIntroducing the alGROWithm indicator! Years of trading experience and endless hours of screen time has undeniably proven to me that the most fundamental rule of any market is: price moves from supply to supply and demand to demand. Specifically, this means that a breakout of a supply zone , the probability of it reaching the next supply zone before starting consolidate is very high. Similarly, a breakdown from previous demand zone will likely continue to the next demand zone . The identification method of these supply and demand channels is one of the features that sets this indicator apart from other available tools. What separates alGROWithm from other available tools? - Proprietary method for identifying supply & demand channels combined with a directional bias computation based on recent historical prices - Only signaling precise entries based on supply & demand that maximize R/R - Tracking open positions and displaying a trading plan directly on the chart immediately after signaling entry points - Indicating precise exit levels to help you avoid exiting too early or trading by emotion What are the features included in alGROWithm? Trading Plan Lines : These are the Buy/Short/Take Profit/Exit lines plotted directly on the chart Show Long Signals : These are the green "BUY" labels that appear on the chart when alGROWithm identifies a critical breakout to the next supply level Show Short Signals : These are the red "SHORT" labels that appear on the chart when alGROWithm identifies a critical breakdown to the next demand level Show Take Profit Signals : These are the purple "TP" labels that appear on the chart when alGROWithm identifies that the subsequent supply/ demand level has been hit Show Exit/Stop Loss Signals : These are the purple "EXIT" labels that appear on the chart when alGROWithm identifies that the trade has run its course and it's time to exit Show Dashboard : This is a dashboard that is displayed to the right of the latest candle, and contains the following information: - Current Position : "Long", "Short", or "None" - Next Profit Target : Only displays if there is an active Position - Current Bias : alGROWithm computes a directional bias based on recent historical prices. Text will say "Long" or "Short" - Long/Short Bias Until : alGROWithm's bias will change if this price is hit. Note that these are not BUY or SELL levels - this simply indicates whether things are looking up or down - Enter Short/Long At : Only displays if Current Position = "None" Note that you can enable/disable any of these chart overlays at anytime through the indicator settings. The alGROWithm indicator works on any timeframe, any market, and standard OR Heikin Ashi candlesticks . I have been working very hard on this indicator and I personally use it on a daily basis with options trading. I am so excited to share the wealth with you! You can use the link below to visit our website and gain access to the script.
Indicatore Pine Script®
di algrowithm
6
TrendLine ChannelsAbstract This script provides a set of Trendline Channels which can be tighter than Donchian Channels. This script computes the most suitable active upper and lower trendlines and updates them as soon as possible. We can use it for breakout signals earlier than Donchian Channels. Introduction Channels are tools which can mark area of values of ranging markets. Once the price leaves the original region, range traders may start admitting they are wrong and trigger trend. Donchian Channels (misheard as Dungeon Channels) use the highest and the lowest price to define area of values. When the price breakouts, it just like it got released from a dungeon. However, waiting for the price making even higher or lower may be too late and risk reward ratio may be lower. Trendlines can make the channels tighter and we can find earlier breakout signals. Computing Trendline Channels (1) Find the most active trendlines In this script, a valid trendline connects two high values or two low values. A high value means the highest value in a trading day. A low value means the lowest value in a trading day. In this script, every trendline does not crossover any bar but can exactly touch them. The most flat trendline is taken. (one for upper and one for lower) (2) Continue to use or Change a trendline If there is a tighter trendline available, this script changes to use it. If the previous active trendline is broken, this script re-computes the trendline available. When this case happens, this script display with an another color. Otherwise, this script continues using the previous trendline. (3) Middle line The middle line indicates the middle value between the upper and the lower. Parameters Length : how many days are used for computation. The default value is 16 just because 16=4*4, using binary characteristic. x_go_on : If the previous trendline is not breakout and there are no tighter trendlines available, we continue use it. Color Options (1) Upper trendline (no update or tighter) (2) Upper trendline (changed due to breakout) (3) Middle line (4) Lower trendline (no update or tighter) (5) Lower trendline (changed due to breakout) Conclusion Trendline Channels can be tighter than Donchian Channels and evaluate earlier breakout signals. Comparing to known auto trendline scripts, Trendline Channels is continuous. Once a trendline is broken, Trendline Channels can instantly point out the next available one. If you think the price movement is boring or you cannot have good risk reward ratio, you can go to an another timeframe. Reference How to trade with Donchian Channels How to trade with Trendlines
Indicatore Pine Script®
di clocks156t174
Linear Regression ChannelHello Traders, There are several nice Linear Regression Channel scripts in the Public Library. and I tried to make one with some extra features too. This one can check if the Price breaks the channel and it shows where is was broken. Also it checks the momentum of the channel and shows it's increasing/decreasing/equal in a label, shape of the label also changes. The line colors change according to direction. using the options, you can; - Set the Source (Close, HL2 etc) - Set the Channel length - Set Deviation - Change Up/Down Line colors - Show/hide broken channels - Change line width meaning of arrows: ⇑ : Uptrend and moment incresing ⇗ : Uptrend and moment decreasing ⇓ : Downtrend and moment incresing ⇘ : Downtrend and moment decreasing ⇒ : No trend An example for how color of lines, arrow direction and shape of label change. Enjoy!
Indicatore Pine Script®
di LonesomeTheBlue
126
Top and BottomThe function of this indicator is to make regions that form top and bottom patterns visible. Especially beginners, do not know the real formation of a top or bottom. Some taking information only for maximum and minimum. ● The main characteristic of forming a top is to have the current maximum (1) less than the previous maximum (2) and the previous maximum (2) greater than the maximum previous to yours (3). ● The main characteristic of forming a fund is to have the current minimum (1) greater than the previous minimum (2) and the previous minimum (2) less than the minimum prior to yours (3). These are the main characteristics for forming a top and bottom. When you know where the top or bottom is, it will help you with the use of Fibonacci and also with breakouts. Alert: To have the graphic design of the indicator you need to have 3 candles. If the previous maximum is broken, you can remove the drawing. The same goes for the bottom. It can form a new top or bottom.
Indicatore Pine Script®
di trader_fg
2