[astropark] Super RSI [strategy]Dear Followers,
today a new Scalper Tool , which works great on 3 minutes and 5 minutes timeframes , but also down to 1m and up to 30m!
I called it " Super RSI ", as it is based on RSI and inherits some basic functionality from it.
If you check its settings, you will see that you can have 3 different buy-sell sources (first two are active by default):
STRONG BUY/SELL : buy when white area deeply falls into oversold-red zone and sell when white area gets into overbought-green zone (you can set and edit at which level oversold and overbought zones start);
CROSSES : buy when the black RSI line in the middle between red and green area cross under the buy cross limit value and sell when it crosso over the sell cross limit value (you can set and edit specific cross ranges for both buy and sell);
WEAK BUY/SELL : buy when green area at least go below 50 level and sell when red area at least goes above 50 level (you can edit both levels); these conditions are highlighted as background color and are very useful for taking (at least partial) profits in trades.
By default the script will be placed as oscillator on a specific pane below the chart, but
> you can disable the oscillator plot by enabling the "hide all plot" option
> and place it as overlay on chart by clicking on the black arrow at then end on the indicator name in chart and selecting "move to -> existing pane above"
This strategy can trigger till 10 buy or 10 sell signals in a row before reverting, so use a proper money management .
Strategy results are calculated on 20 trading days using 1000$ as initial capital and working at 10x leverage.
The user who wants to use this strategy, especially via an automated bot, must always set a stoploss at 3-5% from entry point or use a proper risk management strategy .
This is not the "Holy Grail", so use it with caution.
This script will let you backtest the strategy and find best settings for your preferred market.
The alarms script version of this indicator, which will let you set all notifications you may need in order to be alerted on each triggered signals, can be found by searching for " Super RSI".
This is a premium indicator , so send me a private message in order to get access to this script .
Profit
Algorithm Builder - Single Trend+ (Plug&Play)Hello traders
I. SCRIPTS ACCESS AND TRIALS
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :)
3. You may also contact me directly for more information
II. Algorithm Builder - Single Trend+ Plug&Play
2.1 Concept
That script is an upgrade of the Single Trend:
The Algorithm Builder - Single Trend+ (Plug & Play) is made to detect the convergence of many unrelated indicators, and give a BUY or SELL signal whenever all the selected sub-indicators are converging in the same direction.
The Single Trend+ (Plug & Play) gives one single entry per identified trend - unlike the Multiple Trends editions (also available on my scripts page) which may give more than 1 entry per trend.
The traders select the sub-indicators they want, and see in real-time the BUY and SELL triangles being updated.
III. Plug & Play
Hope you're ready to be impressed. Because, what I'm about to introduce, is my best-seller feature - and available across many of my indicators.
In TradingView, there is a feature called "Indicator on Indicator" meaning you can use an external indicator as a data source for another indicator.
I'm using that feature to connect any external indicator to our Algorithm Builder Single Trend+ Plug & Play (hence the plug and play name).
Let's assume you have your RSI divergence indicator - which is not part of the Algorithm Builder - but noticed that the convergence of an RSI divergence and a MACD gives strong signals.
I mentioned an RSI divergence, but you may connect any oscillator (MACD, On balance volume, stochastic RSI, True Strenght index, and many more..) or non-oscillator (divergence, trendline break, higher highs/lower lows, candlesticks pattern, price action, harmonic patterns, ...) indicators.
Any indicator that displays visual signals are eligible for this feature .... in other words.... all possible indicators. You're welcome :)
THE SKY IS (or more likely your imagination) is the limit :)
Fear no more. The Plug&Play technology allows you to connect it and use it in the convergence/confluence calculations.
Hence, whenever the MACD and RSI divergence will be in the same direction for the first time, you'll get a signal. For the first time only because this is a Single trend edition - you may enter multiple times using our Algorithm Builders - Multiple Trends editions.
To connect your external indicator to ours, we're using a native TradingView feature, which is not available for all users.
It depends on your TradingView subscription plan ( More info here )
If you intend to use our Algorithm Plug&Play indicator, and/or our Backtest Plug&Play suites, then you must upgrade your TradingView account to enjoy those features.
We value our relationship with our customers seriously, and that's why we're warning you that a compatible TradingView account type is required - at least PRO+ or PREMIUM to add more than 1 Plug&Play indicator per account.
We go in-depth on our website why the Plug&Play is an untapped opportunity for many traders out there - URL available on my profile status and signature
IV. Why the Algorithm Builder Single Trend+ (Plug&Play) may help you
I worked with many traders during my career, and their feedback about trading is often pretty similar.
They all tried a lot of complicated indicators, losing their capital, and finally getting back to the basics (even to the basic indicators if I might say)
The art is finding a good combination of indicators and setting strict money/risk management rules.
Easy in concept, but more than 90+% of traders lose money on the markets... which teach us that trading is not only about drawing trendlines, or using cool indicators but finding ways to ease our psychology while trading.
4.1 The Algorithm Builder trading framework
The sub-indicators (full list on our website) weren't chosen randomly. They're based on a trading method we've developed over the last 6 years - while working with traders and other trading quants.
The Algo Builders are made to detect a convergence - and as such, will give a signal once a trend has been identified.
They're not made to detect reversal but have been designed to give a signal when all sub-indicators are either ALL bullish (green) or ALL bearish (red).
We provide a framework based on indicators we selected because they:
1. make sense to be used altogether
2. work on asset classes like INDEX, CRYPTO, STOCK OPTIONS, FOREX, COMMODITIES
3. it may expand your knowledge about what detecting a convergence with pre-selected indicator really means
4.2 Supports and Resistances
The indicator displays the main algorithmic supports and resistances according to our trading method.
I think they're relevant for all asset classes, but you're absolutely free to use any different supports/resistances logic if you want to.
I'm not against it because I know that pivots, Fibonacci levels, etc. may work very well also.
4.3 Choose your favorite risk management algorithm
1/ Pre-defined Algo S/R method using:
- a supertrend of the stop-loss
- the nearest algorithmic resistances for the take profit levels.
2/ Define your own Stop-loss and Take-profits level in real-time
Stop-Loss Management
For what's following, let's assume that 2 is the stop-loss value you inserted in the indicator, and the Algorithm Builder gives a BUY signal.
This is NOT a recommendation at all, only an example to explain how this feature works.
- %Trailing: The Stop-Loss starts 2% away from the entry price - and will move up (because we're on a BUY trade as per our example) every time your trade will gain 2% profit
- Percentage: The Stop-Loss stays static 2% away from the entry price. There is no trailing here
- TP Trailing: This is a very awesome feature. The stop-loss is set 2% away when the trades start.
When the TP1 is hit, the stop-loss will be moved to the Entry price (also called breakeven).
When the TP2 is hit, the SL is moved to the previous TP1 position
- Fixed: Set the Stop-Loss at a fixed position (value should be in currency/units)
Take Profits Management
You can manage up to 2 take profit levels defined as a percentage or price value.
The expected input is in percentage value (for instance, setting the % target of TP1 to 2% will set the TP1 level 2% away from the entry price
4.4 Built-in Trade Manager
This is very likely the most loved utility script that we shared on TradingView.
It's included in your Algorithm Builder - Single Trend+, and will certainly help you immensely to analyze your charts and your trades.
We made sure that all the graphical elements on the chart will be updated in real-time whenever our user change anything on the indicator configuration.
You'll also be able to change the Trade Manager labels positions as you wish :)
4.5 Built-in Risk-to-Reward Panel
The good stuff doesn't stop here.
You'll notice that this sometimes green (when in a LONG), sometimes red (when in a SHORT) panel at the right of your chart.
It displays for the selected trading algorithmic (see 2.3.2 above), a ton of useful real-time analytics.
- Entry Price: the price when the Algorithm Builder will give a signal.
- The Trade PnL in percentage.
- Entry Stop Loss: Distance (in currency/units) between the selected stop-loss algorithm (percent, trailing, TP trailing, etc.) and the entry price.
- Entry TP1: Distance (in currency/units) between the entry price and the first take profit
- Entry TP2: Distance (in currency/units) between the entry price and the second take profit
- Risk/Reward TP1: Using the Stop-loss distance at entry, and Take Profit 1 at entry to compute the risk-to-reward ratio.
- Risk/Reward TP2: Using the Stop-loss distance at entry, and Take Profit 2 at entry to compute the risk-to-reward ratio.
For more details, please check the guides section of my website. Links are in my signature and profile status.
4.6Hard Exits
Our trading method is known for the hard exits, also called invalidation.
The Single Trend+ includes a hard exit based on a MACD - settings are flexible and you may update them.
Having a stop-loss protecting your trade is a best practice - Protecting your stop-loss also from getting hit is incredible.
We prefer invalidate a few positions, even if sometimes we don't want to. Rather than the market hard exiting on us, and leaving with our hard-working money.
4.7 Alerts
Alerts are enabled for:
- BUY/SELL triangles signals
- Trade Manager (SL, TP1, TP2)
- Hard Exits
V. Pain points that we're trying to solve with our Algorithm Builders
Issue #1 There are many informations / indicators / strategies / backtests / noise. Finding the right ones is not a simple task.
Solution #1 A reliable system that removes the external noise is much needed in trading to stay "in the game".
Issue #2 Trading could be quite stressful - The majority doesn't lose in trading because technical analysis is hard, but because managing our psychology is one of the hardest things a human can do.
Solution #2 Some ways to reduce the "trading stress" could be: getting better quality signals and trading like a "machine". Forgetting about Twitter and trusting the system you designed.
Issue #3 Trading without strict rules and only based on what we feel, or what we think the market should do is the fastest way to kiss our money goodbye.
Only 1 indicator generally is not enough. Traders generally use a combination of several indicators but they're monitoring them individually.
It's normal then to feel exhausted at the end of the day ^^ (to say the least)... and exhaustion leads to mistakes which leads to..... (I'm sure you got it) ... capital loss.
Solution #3 As a trader, I needed a trading framework and a method. I offer our trading method but they're plenty others out there. We cannot claim obviously it's the best ever ....but let's say we're using those exact same
scripts ourselves for our trading. And this what we've been recommending our clients to trade with for the past years. Also, having a tool detecting the convergence of several indicators and giving 1 unique signal
for BUY/SELL position will save you a lot of time/energy, and perhaps might help you out getting better trading performance.
VI. Resolving a complex puzzle and having fun in the process
Trading has to stay a passion and not (only be) a source of intense stress.
The most successful traders I know are "trading geeks" - literally always looking for optimizing, searching for the best possible entries, setups, indicators, tools, etc.
For them, it's not even about the money anymore, but only about beating their previous performance.
Why are they doing this? Because it's fun
Might appears as a bold statement, but I guarantee that looking for setups is fun.
One of our users even told us, that it's like playing with "Legos" and we couldn't possibly agree more.
VII. Designing a system that "makes sense"
Another bold statement now. Brace yourselves ladies and gentlemen
The Algorithm Builders allow to design trading systems quickly. What could takes days/weeks/months to find out... might be now within your reach in less than a few hours.
With a bit of practice, less than an hour might be enough per asset/timeframe to find a system that makes sense to you and adapted to your trading capital and psychology.
Assuming our users read our guides and are fully committed to learning a new way of trading - then we do guarantee you'll be able to design kick-ass trading systems that make sense.
"Making sense" doesn't mean at all it's guaranteed to win, it means you're the one defining the convergence of indicators, using your Algorithm Builder, and observe that most of the time - whenever there is a BUY signal, the candlesticks are going upwards - whenever there is a SELL signal, it's going downwards.
This is a necessary step to make real progress from a trading analyst perspective - and hopefully could lead to profits.
VII. Algorithm Builder versus the main trader enemy(=psychology)
This indicator has the goal to help solving one of the MAIN issues encountered by traders.
Most of traders realize, they can't perform with only 1 indicator (or 1 price pattern or 1 price action) and need a combination of multiple indicators before getting in a trade.
Far from being a magic pill, if it could at least reduce the stress you have while trading, then we'll consider we made a great job - it's a technical "useless noise remover", and needs to be followed strictly.
Such trust in a trading system can only be built by testing your Algorithm Builder configuration on either:
1. a demo account
2. or a live account with small bids. And then, increasing progressively the bids if your capital increases progressively.
Though, you should still use your common sense. (for instance: if we get a BUY signal right on a big timeframe resistance we're hitting for the first time).
I'm aware this is a new way of trading but for many, and while we cannot foresee the future, neither predict performance, we believe it might save you a lot of time to find good signals.
My maximum level of happiness will be reached the day when our users will contact me and showing me setups being mine.
I'm sure that even I can learn from my users and, we can all learn from each other Algorithm Builder configuration
VIII. What is a wrong or bad configuration?
Simply put. If you see that most of your signals react such as described below:
1. a buy triangle predicts, most of the time an upwards move
2. a sell triangle predicts, most of the time a downwards move
3. you estimated yourself the stop-loss needed to give enough room for your trades.
4. take profits based on algorithmic support and resistances or your own take profit method.
So what's a good Algorithm Builder configuration? A configuration you're happy with and makes sense.
A better Algorithm Builder setup is one used in demo or a live account w/ small bids for a few weeks, and you're consistent in your trading performance.
If you have any doubt or question, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or the best indicators. You only will be the judge, and I'll appreciate all the questions and feedback you're sending my way.
They help me a ton to develop indicators based on all the requests I received.
Kind regards,
Dave
TDITDI
- Calculate strength and market direction by analyzing relative strength
- Ribbon mode, according to the TDI conditions
- Candlestick same as TDI Ribbon colors
- 6 colors to define market strength
MACDMACD
- Enhanced MACD
- Shows the MACD in a simple way, to facilitate its analysis
- Histogram mode and Normal mode
- MACD color depends on its values
- Candlestick same as MACD colors
- Calculate the MACD with EMA or SMA
- Allow to use the RSI Source for calculations
- Log chart option
Pro Ribbon Multi MAPro Ribbon Multi MA
- A simple way to see the movements of several MA
- Ribbon of many types of MA: sma , ema , dema , smma , hull, etc
- Trend Color
- Custom Period of 10 MA
HL ChannelHL Channel
- The channel shows the trend based on highs and lows, and possible points of take profit and exists
- Trend Indicator for Long and Short entries
- It can be used as a trend indicator or as a trailing stop loss
- Long and Short Labels and Alerts
- Configurable in Periods and Simple Mode
Simple Mode:
Simple TrendSimple Trend
- Show levels to continue on Trend
- Trend Indicator for Long and Short entries
- It can be used as a trend indicator or as a trailing stop loss
- Long and Short Labels and Alerts
- Configurable in Periods and the type of MA for the calculation
Trend ZoneTrend Zone
- Shows the risk areas to continue in a trend
- Trend Indicator for Long and Short entries
- It can be used as a trend indicator or as a trailing stop loss
- Long and Short Labels and Alerts
- Configurable in Periods and the type of MA for the calculation
Trend ProTrend Pro
- Trend Indicator for Long and Short entries
- It can be used as a trend indicator or as a trailing stop loss
- Long and Short Labels and Alerts
- Configurable in volatility values and periods
Extreme ScalpingThis is a test of an easy scalping method: buy if actual close is below forecast close and sell if actual close is above forecast close. Take profit and stop loss shall be very small (few pips) as in most of scalping strategies.
No filter is used for only long or only short positions, but you can select buy only or sell only based on other indicators or whatever you feel is the direction of trading.
NOTE: you can add this strategy to your chart but you should modify the backtest day otherwise you will get an error due to calculation limits of pine script. For example, on one minute chart, you should set the backtest day from today only. For past days, set both start day and and day.
I have also a study with alarms.
Please use comment section for any feedback.
RENA 1.2 - STUDY / OPTIONSA swiss army knife type script, lots of indicators etc, good for crypto markets.
This is the strategy for the study that can be found here.
PM for source code :)
happy trading
xo
Ultimate Pullback StrategyWhat is the Ultimate Pullback Strategy?
This strategy script is based on my Ultimate Pullback Indicator which detects pullback trading opportunities by analyzing price action in a very specific manner.
By combining simple trend filters with various advanced candlestick patterns it detects high-probability trend-continuation setups (and optional exits).
If you use this script to set alerts then you will never miss a pullback trading opportunity ever again!
I personally use this indicator to profitably trade pullback signals in the forex markets on multiple timeframes, from the 15-Minute chart to the 4-Hour and Daily chart.
Note: This strategy companion script is only available for subscribers of The Ultimate Pullback Indicator.
Long Short Double strategyLong Short Double strategy
Long short strategy with stoploss and take profit.
I use this script for 5min btcusd on Bitmex. (The strategy also works on other exchanges, with some small adjustments in RSI)
Leverage 10x 375% profit in 2 weeks. NO REPAINT.
U can Adjust the RSI for long and shorts entry`s.
Study is Autoview ready. send me a PM for Paid access.
If you like this strategy buy me a Pizza, Dinner, or lambo:)
BITCOIN: 3BMEXTEMinsUUqUwr9GEjNA6ZBsVXB1g6u
LITECOIN: LdG82pyEMMji9Bynw3hvWgUshbMKfiFdJw
Crypto Break-even FeeWhen I started trading cryptocurrency, I lost money because I didn't take the fees enough into account. Therefore I created my own indicator to quicqly see the break-even selling price of the selling price if I want a predifined profit level.
2 lines are added to the graph. These lines move together with the current price.
- One line indicating the break-even selling price (depending on your maker/taker strategy). For beginners I suggest taking the taker strategy (mostly 0.25%)
- Another line indicating the selling price in order to make a predifined profit %
There are 2 parameters you can set:
- Desired profit (%)
- Maker/Taker Fee (%)
Always happy with a little appreciation ;-) Bitcoin wallet: 18522cAc7YDwwXTvtckXKb1kP33upVDRFR
Pivot Reversal Strategy with ADX filter and Alerts V2 - RameshOne script with 80% Win Rate, applicable for 15m time period, more filters added to remove false signal.
Campfire v1 - Bonfire indicator (add on)Works great as a Bonfire LITE and even better in combination. I've been using it to confirm charts by hiding it and showing it to see if I'm dialed in. Lots of uses.. GUIDE COMING SOON and will be available with the Bonfire at no cost.
Didi+EMA200+Bollinger Bands-FRAGAHelps those are using Basic Account / limited indicators
by Will Fraga
@traderzonebr
Gravity Swing Oscillator V1 - optimized for CryptoGravity Swing Oscillator V1 - optimized for Crypto
- Top & Bottoms
- Buy / Sell Signals on colorchanging LED Dots
- can show danger Price Dop Zones on Bars
BINGO - LTF Bitmex Scalper for ETHThis is my first script which is exclusively made for ETH/USD for bitmex on 5-10min timeframe(Note: This is not for higher timeframe script, it was not designed to sustain all timeframes, but it might show some good results and you have to test it on your own). It might work for other coins, but i don't recommend it.
Its based on few parameters which I have been using to scalp ETH.
Currently its skipping few trades and exits which i will fix in sometime(getting to learn pine script), nevertheless it is by far most profitable of all my strategies.
LEGENDS:
1. Green Arrow up - Long
2. Red Arrow down - Short
3. Green TP - Take Profit for short position
4. Red TP - Take Profit for long position
If in Long postion, put STOP at low of 2nd last candle until TP1 hits. At TP1, take some profit and move stop to little above entry. Same for Short, put STOP and high of 2nd last candle until TP1 hits.
Also, it does not have alert function, so all of the trades have be manually executed. Trades are shown in chop zones as well, which will result in losses, so better use a chop indicator to avoid those trades.
Next update will have
1. FIxed missing Trades and Exits
2. Alerts
3. Improved Algo( Removal of signals in chop zone, options to have safe and risky entries, Stop placements)
4. Misc features such as, bar color change, multiple Buy/Sell(currently its alternative - Multiple means, if its a BUY and another BUY comes then it will show that too so you can add to the current trade) etc..
Just to clear my intentions, this script will be "paid only access" after next update(2-3 weeks). If you can, please tag your friends so they can benefit too. Please feel free leave a comment with all the suggestions and test results.
If you have made some money with this script, leave some tip:
BTC: 15sbDhh8t4itiFLuSTmznF87SMspvHBrDh
ETH: 0x8be1be65e9d6a167b8a4d10fda152d1d29e8e4cb