888 BOT #backtest█ 888 BOT #backtest (open source)
This is an Expert Advisor 'EA' or Automated trading script for ‘longs’ and ‘shorts’, which uses only a Take Profit or, in the worst case, a Stop Loss to close the trade.
It's a much improved version of the previous ‘Repanocha’. It doesn`t use 'Trailing Stop' or 'security()' functions (although using a security function doesn`t mean that the script repaints) and all signals are confirmed, therefore the script doesn`t repaint in alert mode and is accurate in backtest mode.
Apart from the previous indicators, some more and other functions have been added for Stop-Loss, re-entry and leverage.
It uses 8 indicators, (many of you already know what they are, but in case there is someone new), these are the following:
1. Jurik Moving Average
It's a moving average created by Mark Jurik for professionals which eliminates the 'lag' or delay of the signal. It's better than other moving averages like EMA , DEMA , AMA or T3.
There are two ways to decrease noise using JMA . Increasing the 'LENGTH' parameter will cause JMA to move more slowly and therefore reduce noise at the expense of adding 'lag'
The 'JMA LENGTH', 'PHASE' and 'POWER' parameters offer a way to select the optimal balance between 'lag' and over boost.
Green: Bullish , Red: Bearish .
2. Range filter
Created by Donovan Wall, its function is to filter or eliminate noise and to better determine the price trend in the short term.
First, a uniform average price range 'SAMPLING PERIOD' is calculated for the filter base and multiplied by a specific quantity 'RANGE MULTIPLIER'.
The filter is then calculated by adjusting price movements that do not exceed the specified range.
Finally, the target ranges are plotted to show the prices that will trigger the filter movement.
Green: Bullish , Red: Bearish .
3. Average Directional Index ( ADX Classic) and ( ADX Masanakamura)
It's an indicator designed by Welles Wilder to measure the strength and direction of the market trend. The price movement is strong when the ADX has a positive slope and is above a certain minimum level 'ADX THRESHOLD' and for a given period 'ADX LENGTH'.
The green color of the bars indicates that the trend is bullish and that the ADX is above the level established by the threshold.
The red color of the bars indicates that the trend is down and that the ADX is above the threshold level.
The orange color of the bars indicates that the price is not strong and will surely lateralize.
You can choose between the classic option and the one created by a certain 'Masanakamura'. The main difference between the two is that in the first it uses RMA () and in the second SMA () in its calculation.
4. Parabolic SAR
This indicator, also created by Welles Wilder, places points that help define a trend. The Parabolic SAR can follow the price above or below, the peculiarity that it offers is that when the price touches the indicator, it jumps to the other side of the price (if the Parabolic SAR was below the price it jumps up and vice versa) to a distance predetermined by the indicator. At this time the indicator continues to follow the price, reducing the distance with each candle until it is finally touched again by the price and the process starts again. This procedure explains the name of the indicator: the Parabolic SAR follows the price generating a characteristic parabolic shape, when the price touches it, stops and turns ( SAR is the acronym for 'stop and reverse'), giving rise to a new cycle. When the points are below the price, the trend is up, while the points above the price indicate a downward trend.
5. RSI with Volume
This indicator was created by LazyBear from the popular RSI .
The RSI is an oscillator-type indicator used in technical analysis and also created by Welles Wilder that shows the strength of the price by comparing individual movements up or down in successive closing prices.
LazyBear added a volume parameter that makes it more accurate to the market movement.
A good way to use RSI is by considering the 50 'RSI CENTER LINE' centerline. When the oscillator is above, the trend is bullish and when it is below, the trend is bearish .
6. Moving Average Convergence Divergence ( MACD ) and ( MAC-Z )
It was created by Gerald Appel. Subsequently, the histogram was added to anticipate the crossing of MA. Broadly speaking, we can say that the MACD is an oscillator consisting of two moving averages that rotate around the zero line. The MACD line is the difference between a short moving average 'MACD FAST MA LENGTH' and a long moving average 'MACD SLOW MA LENGTH'. It's an indicator that allows us to have a reference on the trend of the asset on which it is operating, thus generating market entry and exit signals.
We can talk about a bull market when the MACD histogram is above the zero line, along with the signal line, while we are talking about a bear market when the MACD histogram is below the zero line.
There is the option of using the MAC-Z indicator created by LazyBear, which according to its author is more effective, by using the parameter VWAP ( volume weighted average price ) 'Z-VWAP LENGTH' together with a standard deviation 'STDEV LENGTH' in its calculation.
7. Volume Condition
Volume indicates the number of participants in this war between bulls and bears, the more volume the more likely the price will move in favor of the trend. A low trading volume indicates a lower number of participants and interest in the instrument in question. Low volumes may reveal weakness behind a price movement.
With this condition, those signals whose volume is less than the volume SMA for a period 'SMA VOLUME LENGTH' multiplied by a factor 'VOLUME FACTOR' are filtered. In addition, it determines the leverage used, the more volume , the more participants, the more probability that the price will move in our favor, that is, we can use more leverage. The leverage in this script is determined by how many times the volume is above the SMA line.
The maximum leverage is 8.
8. Bollinger Bands
This indicator was created by John Bollinger and consists of three bands that are drawn superimposed on the price evolution graph.
The central band is a moving average, normally a simple moving average calculated with 20 periods is used. ('BB LENGTH' Number of periods of the moving average)
The upper band is calculated by adding the value of the simple moving average X times the standard deviation of the moving average. ('BB MULTIPLIER' Number of times the standard deviation of the moving average)
The lower band is calculated by subtracting the simple moving average X times the standard deviation of the moving average.
the band between the upper and lower bands contains, statistically, almost 90% of the possible price variations, which means that any movement of the price outside the bands has special relevance.
In practical terms, Bollinger bands behave as if they were an elastic band so that, if the price touches them, it has a high probability of bouncing.
Sometimes, after the entry order is filled, the price is returned to the opposite side. If price touch the Bollinger band in the same previous conditions, another order is filled in the same direction of the position to improve the average entry price, (% MINIMUM BETTER PRICE ': Minimum price for the re-entry to be executed and that is better than the price of the previous position in a given %) in this way we give the trade a chance that the Take Profit is executed before. The downside is that the position is doubled in size. 'ACTIVATE DIVIDE TP': Divide the size of the TP in half. More probability of the trade closing but less profit.
█ STOP LOSS and RISK MANAGEMENT.
A good risk management is what can make your equity go up or be liquidated.
The % risk is the percentage of our capital that we are willing to lose by operation. This is recommended to be between 1-5%.
% Risk: (% Stop Loss x % Equity per trade x Leverage) / 100
First the strategy is calculated with Stop Loss, then the risk per operation is determined and from there, the amount per operation is calculated and not vice versa.
In this script you can use a normal Stop Loss or one according to the ATR. Also activate the option to trigger it earlier if the risk percentage is reached. '% RISK ALLOWED'
'STOP LOSS CONFIRMED': The Stop Loss is only activated if the closing of the previous bar is in the loss limit condition. It's useful to prevent the SL from triggering when they do a ‘pump’ to sweep Stops and then return the price to the previous state.
█ BACKTEST
The objective of the Backtest is to evaluate the effectiveness of our strategy. A good Backtest is determined by some parameters such as:
- RECOVERY FACTOR: It consists of dividing the 'net profit' by the 'drawdown’. An excellent trading system has a recovery factor of 10 or more; that is, it generates 10 times more net profit than drawdown.
- PROFIT FACTOR: The ‘Profit Factor’ is another popular measure of system performance. It's as simple as dividing what win trades earn by what loser trades lose. If the strategy is profitable then by definition the 'Profit Factor' is going to be greater than 1. Strategies that are not profitable produce profit factors less than one. A good system has a profit factor of 2 or more. The good thing about the ‘Profit Factor’ is that it tells us what we are going to earn for each dollar we lose. A profit factor of 2.5 tells us that for every dollar we lose operating we will earn 2.5.
- SHARPE: (Return system - Return without risk) / Deviation of returns.
When the variations of gains and losses are very high, the deviation is very high and that leads to a very poor ‘Sharpe’ ratio. If the operations are very close to the average (little deviation) the result is a fairly high 'Sharpe' ratio. If a strategy has a 'Sharpe' ratio greater than 1 it is a good strategy. If it has a 'Sharpe' ratio greater than 2, it is excellent. If it has a ‘Sharpe’ ratio less than 1 then we don't know if it is good or bad, we have to look at other parameters.
- MATHEMATICAL EXPECTATION: (% winning trades X average profit) + (% losing trades X average loss).
To earn money with a Trading system, it is not necessary to win all the operations, what is really important is the final result of the operation. A Trading system has to have positive mathematical expectation as is the case with this script: ME = (0.87 x 30.74$) - (0.13 x 56.16$) = (26.74 - 7.30) = 19.44$ > 0
The game of roulette, for example, has negative mathematical expectation for the player, it can have positive winning streaks, but in the long term, if you continue playing you will end up losing, and casinos know this very well.
PARAMETERS
'BACKTEST DAYS': Number of days back of historical data for the calculation of the Backtest.
'ENTRY TYPE': For '% EQUITY' if you have $ 10,000 of capital and select 7.5%, for example, your entry would be $ 750 without leverage. If you select CONTRACTS for the 'BTCUSDT' pair, for example, it would be the amount in 'Bitcoins' and if you select 'CASH' it would be the amount in $ dollars.
'QUANTITY (LEVERAGE 1X)': The amount for an entry with X1 leverage according to the previous section.
'MAXIMUM LEVERAGE': It's the maximum allowed multiplier of the quantity entered in the previous section according to the volume condition.
The settings are for Bitcoin at Binance Futures (BTC: USDTPERP) in 15 minutes.
For other pairs and other timeframes, the settings have to be adjusted again. And within a month, the settings will be different because we all know the market and the trend are changing.
Cerca negli script per "LazyBear"
[e2] EDS Key & AvwapThis indicator shows a Key Level Support & Resistance level and VWAP that resets on your choice of the stock's Earnings , Dividends or Splits release date.
A maximum of 8 bands calculated using a factor of the anchored VWAP's standard deviation can be displayed.
Note
The script is designed for stock-trading only.
Credits
Inspired by timwest , LazyBear 's Earnings S/R Levels and MichelT 's Earnings, Splits, Dividends scripts.
On Balance Volume Oscillator + Bollinger Bands [SigmaDraconis]On Balance Volume (OBV) Oscillator with Bollinger Bands (BB).
Inspired by @LazyBear OBV Oscillator (link below)
Added BB to the oscillator and colored the OBV line yellow when it's outside the bands' limits, useful for finding over-extended zones where price reversals have higher probability of happening.
BB bands can be deactivated and the oscillator can be used as originally built by LazyBear if the BB bands are disabled and the OBV area activated.
Finding divergences helps increasing price behavior predictability too.
BB area is colored green when OBV is above the 20-period moving average and colored red when below it. This can be deactivated on the options to use regular BB colors or no BB at all.
If you like it and use it to profit, please tip me below :)
Tip jars:
BTC: 15nMBiEGVrdGcu9C1h6QRcTNRvugHkqrMQ
ETH: 0xC33845946c48B61fBCbEA0367ec2238CaF2b73bc
BTS: sigma-draconis
OBV Oscillator from LazyBear -
[RS]JDSarano Alert V0Request for JDSarano:
alert signal on indicator accordance:
Coral trend Indicator from LazyBear
pip Collector from LazyBear ( I use this only for the red, gray, green background
Weis Wave Volume (LazyBear) default settings. (2)
Linear Regression Bull and Bear power acummulation V0
UCS_SQZ_Opt_Alert
Trend Consensus Engine [TCE]The Trend Consensus Engine (TCE) is a comprehensive market analysis system designed to filter out noise and provide a quantifiable "Trend Score" (0-100). Instead of relying on a single indicator, this script aggregates data from multiple market factors—volatility, momentum, and trend structure—to generate high-probability entry signals based on a consensus logic.
This tool is particularly optimized for Crypto (with specific time-gated logic) and BIST (Borsa Istanbul) markets, allowing traders to see the overall health of the trend at a glance via a dashboard.
How It Works
The engine calculates a composite "Total Score" (0-100) derived from four weighted components:
Trend Structure (AlphaTrend & Guppy):
Analyzes the slope and position relative to the AlphaTrend (Credit to @KivancOzbilgic) and Guppy Multiple Moving Averages (GMMA).
Positive slopes and price action above key levels add points to the score.
Volatility & Momentum (Squeeze & ADX):
Incorporates the Squeeze Momentum logic (Credit to @LazyBear) to detect explosive moves.
ADX Filter: Filters out chopping/ranging markets. If the ADX is too low, the score is penalized or the signal is blocked.
Dynamic Resistance (MA Channels):
Uses a combination of Donchian Mid-Lines and SMAs to determine if the price is in a "safe zone" or hitting resistance.
Price Action Filters (Pinbar Veto):
Automatically detects bearish "Shooting Star" or weak candles at highs. If a bearish pinbar is detected, the entry signal is vetoed regardless of the trend score.
Features & Settings
Smart Scoring Dashboard: Displays the realtime Score, Instant Decision, and confirmed Close Decision on the chart.
Market Profiles:
Crypto Mode: Includes a "Time Gate" feature (07:00 UTC+3 check) to prevent fakeouts during low-liquidity hours.
BIST Mode: Optimized parameters for the Turkish stock market logic (14:00 session checks).
Score Threshold: Users can adjust the minimum score required (Default: 70) to trigger a "BUY" signal.
Visual Guidance: The background of the dashboard changes color (Green/Red/Yellow) based on the consensus.
How to Use
Check the Dashboard: Look at the "SONUÇ" (Result) row.
GİRİŞ ✅ (ENTRY): The Score is above 70, Momentum is positive, and no Bearish Pinbars are present.
BEKLE ⏳ (WAIT): The trend is weak, or a filter (like ADX or Squeeze) is blocking the trade.
Confirm with Price Action: Use the AlphaTrend lines (Blue/Red) as dynamic support/stop-loss levels.
Credits:
AlphaTrend by KivancOzbilgic
Squeeze Momentum Indicator by LazyBear
VuManChu Cipher concepts for inspiration.
Custom Logic: Scoring algorithm and Time-Gating mechanisms are original custom developments.
Disclaimer: This tool is for educational purposes only and does not constitute financial advice.
TTM Squeeze Pro Enhanced v1.5.1 [pyrevo]# TTM Squeeze Pro Enhanced
**Version:** 1.5.1
**Author:** pyrevo
**License:** MPL 2.0
## Credits
This indicator is a collective work based on the contributions of the TradingView community:
* **John Carter**: Creator of the original TTM Squeeze and TTM Squeeze Pro concepts.
* **Lazybear**: Original interpretation of the TTM Squeeze (Squeeze Momentum Indicator).
* **Makit0**: Evolution of Lazybear's script to factor in TTM Squeeze Pro upgrades (Squeeze PRO Arrows).
* **marsrides**: Some aesthetics solutions.
* **Beardy_Fred**: The base code from which this enhanced version was derived.
## Overview
**TTM Squeeze Pro Enhanced** is a professional-grade momentum and volatility indicator designed to identify explosive breakout opportunities. It is a refined version of the community's collective works, with amendments primarily to the Squeeze Conditions and visual aesthetics to provide a clearer, more actionable reading of market state.
### The Concept
For those unfamiliar with the TTM Squeeze, it is a visual way of seeing how Bollinger Bands (standard deviations from a simple moving average) relate to Keltner Channels (average true range bands) compared with the momentum of the price action.
The concept is that as Bollinger Bands compress within Keltner Channels, price volatility decreases, giving way for a potential explosive price movement up or down.
### TTM Squeeze vs. TTM Squeeze Pro
* **Original TTM Squeeze:** Uses a 1.5 ATR Keltner Channel.
* **TTM Squeeze Pro (Enhanced):** Uses 1.0, 1.5, and 2.0 ATR Keltner Channels.
This helps differentiate between levels of squeeze (compression). The greater the compression (Bollinger Bands moving deeper into tighter Keltner Channels), the more potential for explosive moves.
## Indicator Analysis
### 1. Squeeze Detection (Dots)
The colored dots along the zero line represent the state of market volatility. This enhanced version uses a distinct color palette to indicate compression levels:
* **🔴 Red Dots (High Compression):** Extreme squeeze. One or both Bollinger Bands are inside the 1.0 ATR Keltner Channel.
* **🟠 Orange Dots (Medium Compression):** Significant squeeze. One or both BBs are inside the 1.5 ATR Keltner Channel.
* **⚪ Gray Dots (Low Compression):** Standard squeeze. One or both BBs are inside the 2.0 ATR Keltner Channel.
* **◽ Light Gray Dots (No Squeeze):** Volatility is normal or expanding. Squeeze has "fired".
### 2. Momentum (Histogram)
The histogram bars show price momentum relative to the squeeze:
* **Bright Green:** Positive, increasing momentum (Bullish).
* **Dark Green:** Positive, decreasing momentum (Bullish exhaustion).
* **Bright Red:** Negative, increasing momentum (Bearish).
* **Dark Red:** Negative, decreasing momentum (Bearish exhaustion).
### 3. Dual Momentum System
An optional secondary system to gauge trend strength:
* **Fast & Slow Momentum Lines:** Moving averages of the momentum to help identify crossovers.
* **Trend Crossovers:** Triangle markers indicate when fast momentum crosses slow momentum.
## Ideal Scenario
As the ticker enters the squeeze, **Gray dots** would warn of the beginning of a low compression squeeze. As the Bollinger bands continue to constrict, **Orange dots** would highlight a medium compression. As the price action and momentum continues to compress, a **Red dot** shows warning of high compression.
As price action leaves the squeeze, the coloring would reverse (Red → Orange → Gray → Light Gray). Any compression squeeze is considered "fired" at the first Light Gray dot that appears.
*Note: This is an ideal progression, however any type of squeeze sequence may appear at anytime.*
## Entry and Exit Guide
* **Entry:** John Carter recommends entering a position after at least 5 dots of compression (Gray/Orange/Red) or waiting for the first "No Squeeze" dot (Light Gray) to appear with confirming momentum.
* **Exit:** Exit on the second bar of decreasing momentum (Dark Green or Dark Red), or remain in the position after confirming a continuing trend through a separate indicator.
## Settings & Customization
* **Timeframe:** Built-in Multi-Timeframe (MTF) support allowing you to view higher-timeframe squeeze signals on lower-timeframe charts.
* **Appearance Modes:**
* **Default:** Standard enhanced palette.
* **Modern:** High-contrast palette (Teal/Red/Gold).
* **Classic MACD:** Traditional Blue/Orange line configuration.
* **Dashboard:** An on-chart table providing real-time data on squeeze status, momentum value, and trend strength.
Tunç ŞatıroğluTunç Şatıroğlu's Technical Analysis Suite
Description:
This comprehensive Pine Script indicator, inspired by the technical analysis teachings of Tunç Şatıroğlu, integrates six powerful TradingView indicators into a single, user-friendly suite for robust trend, momentum, and divergence analysis. Each component has been carefully selected and enhanced by beytun to improve functionality, performance, and visual clarity, aligning with Şatıroğlu's approach to technical analysis. The default configuration is meticulously set to match the exact settings of the individual indicators as used by Tunç Şatıroğlu in his training, ensuring authenticity and ease of use for followers of his methodology. Whether you're a beginner or an experienced trader, this suite provides a versatile toolkit for analyzing markets across multiple timeframes.
Included Indicators:
1. WaveTrend with Crosses (by LazyBear, modified): A momentum oscillator that identifies overbought/oversold conditions and trend reversals with clear buy/sell signals via crosses and bar color highlights.
2. Kaufman Adaptive Moving Average (KAMA) (by HPotter, modified): A dynamic moving average that adapts to market volatility, offering a smoother trend-following signal.
3. SuperTrend (by Alex Orekhov, modified): A trend-following indicator that plots dynamic support/resistance levels with buy/sell signals and optional wicks for enhanced accuracy.
4. Nadaraya-Watson Envelope (by LuxAlgo, modified): A non-linear envelope that highlights potential reversals with customizable repainting options for smoother outputs.
5. Divergence for Many Indicators v4 (by LonesomeTheBlue, modified): Detects regular and hidden divergences across multiple indicators (MACD, RSI, Stochastic, CCI, Momentum, OBV, VWMA, CMF, MFI, and more) for early reversal signals.
6. Ichimoku Cloud (TradingView built-in, modified): A multi-faceted indicator for trend direction, support/resistance, and momentum, with enhanced visuals for the Kumo Cloud.
Key Features:
- Authentic Default Settings : Pre-configured to mirror the exact parameters used by Tunç Şatıroğlu for each indicator, ensuring alignment with his proven technical analysis approach.
- Customizable Settings : Enable/disable individual indicators and fine-tune parameters to suit your trading style while retaining the option to revert to Şatıroğlu’s defaults.
- Enhanced User Experience : Modifications improve visual clarity, performance, and usability, with options like repainting smoothing for Nadaraya-Watson and adjustable Ichimoku projection periods.
- Multi-Timeframe Analysis : Combines trend-following, momentum, and divergence tools for a holistic view of market dynamics.
- Alert Conditions : Built-in alerts for SuperTrend direction changes, buy/sell signals, and divergence detections to keep you informed.
- Visual Clarity : Overlays (KAMA, SuperTrend, Nadaraya-Watson, Ichimoku) and pane-based indicators (WaveTrend, Divergences) are clearly distinguished, with customizable colors and styles.
Notes:
- The Nadaraya-Watson Envelope and Ichimoku Cloud may repaint in their default modes. Use the "Repainting Smoothing" option for Nadaraya-Watson or adjust Ichimoku settings to mitigate repainting if preferred.
- Published under the MIT License, with components licensed under GPL-3.0 (SuperTrend), CC BY-NC-SA 4.0 (Nadaraya-Watson), MPL 2.0 (Divergence), and TradingView's terms (Ichimoku Cloud).
Usage:
Add this indicator to your TradingView chart to leverage Tunç Şatıroğlu’s exact indicator configurations out of the box. Customize settings as needed to align with your strategy, and use the combined signals to identify trends, reversals, and divergences. Ideal for traders following Şatıroğlu’s methodologies or anyone seeking a powerful, all-in-one technical analysis tool.
Credits:
Original authors: LazyBear, HPotter, Alex Orekhov, LuxAlgo, LonesomeTheBlue, and TradingView.
Modifications and integration by beytun .
License:
Published under the MIT License, incorporating code under GPL-3.0, CC BY-NC-SA 4.0, MPL 2.0, and TradingView’s terms where applicable.
Volume Pressure Arrows[Blk0ut]Volume Pressure Arrows are an innovative (I think) market pressure tool designed to cut through noise and provide traders with a realistic, but quick insight into buying vs selling pressure and which has real control. Rather than relying on any single classic indicator, this script blends five complementary measures of price–volume dynamics—Cumulative Volume Delta (CVD), VWAP distance, OBV slope, ATR expansion, and the DMI ratio—into a unified “pressure score.”
Each component is normalized, weighted, and combined into a single metric that can be read at a glance through intuitive up and down arrows plotted directly on the chart. By transforming multiple complex data streams into a single aggregated signal, Volume Pressure Arrows help traders answer some of the hardest questions we can face: is the current move backed by conviction? is there true momentum? Is price action about to reverse?
Why It’s Different
Traditional oscillators often create conflicting signals, forcing traders to guess which one to trust. This indicator integrates five perspectives on volume and momentum pressure into a single framework, balancing raw flow (CVD), relative positioning (VWAP), trend conviction (OBV slope), volatility expansion (ATR), and directional bias (DMI). The result is a weighted, probability-minded score capped between -100 and +100 for consistency and clarity.
Important note : Inspiration for the use of directly plotted arrows came from dgtrd "https://www.tradingview.com/u/dgtrd/" and their brilliant work on LazyBear's Squeeze Indicator "https://www.tradingview.com/script/Dsr7B2xE-Squeeze-Momentum-Indicator-LazyBear-vX-by-DGT/"
How to Read It
Bullish Arrows appear below the candles when the pressure score pushes above the neutral threshold, signaling meaningful buyer dominance.
Bearish Arrows appear above the candles when pressure drops below the negative threshold, indicating strong selling pressure.
Neutral Arrows (smaller, faded) mark conditions where pressure exists but is not decisive—useful for spotting early rotations or fading momentum.
Color Gradients dynamically adjust with score intensity, making stronger signals visually brighter and weaker ones softer.
How to Use It Effectively
This tool is best applied as a confirmation and timing layer. It is not meant to replace your core strategy, but to validate whether momentum pressure supports your trade thesis.
Combine with trendlines, chart patterns, or breakouts to gauge conviction.
Use bullish or bearish arrows as filters, only take trades when price action aligns with strong directional pressure.
Watch neutral arrows near key levels; they often foreshadow balance breaking into directional moves.
Adjust the weightings to emphasize the components that matter most to your style (e.g., more weight on CVD for scalpers, or ATR expansion for volatility traders).
As with any indicator, this is not a magic ball and does not guarantee success. But it does allow you to increase the probability odds to your favor if you align it with your edge. Happy trading!
Long Elite Squeeze (LES) — H.H 22 Lindsay (AI)LES (Long Elite Squeeze)
LES (Long Elite Squeeze) is a trading framework designed to capture the highest-probability long setups. It’s not just another signal script — it’s a structured system built to filter noise, manage risk, and keep you aligned with real momentum.
🔹 Core Logic
Breakout Confirmation – Ensures moves have structure, not just random spikes.
Relative Volume (RVOL) – Confirms participation and fuel behind the move.
RSI Alignment – Avoids overextended traps and fakeouts.
Squeeze Momentum – The backbone of LES. Signals fire only after a defined squeeze pattern shift (6+ dark green bars followed by a light green bar).
🔹 Trade Management Built In
Automated Sell Signals – Trigger on either:
2 consecutive dark green bars on Squeeze Momentum
WaveTrend cross down
(only valid after a Buy signal — no random shorts)
HUD Entry Checklist – Live conditions shown on chart.
Status Tracker HUD – Flips between “Waiting for Entry” and “In Trade” for clear context.
🔹 Flexibility
3 switchable squeeze versions (V1, V2, V3) for different market conditions.
Customizable EMA & ATR settings (with color options).
Session-aware logic — filter signals to prime trading hours.
🔹 Blueprint & Credits
LES is a fusion of proven concepts, standing on the shoulders of respected creators:
-Squeeze Momentum – LazyBear
-WaveTrend Oscillator – LazyBear
-Relative Volume – LonesomeTheBlue
Breakout/structural logic – refined from classic frameworks
Their work laid the foundation — LES expands and integrates them into a complete trading system.
⚡ Why LES Stands Out
LES wasn’t coded overnight. It’s the result of countless hours of live testing, rebuilding, and refining. Every feature earned its place by proving value in real trading, not theory.
LES is more than an indicator. It’s a disciplined framework — crafted to turn chaos into structure, randomness into probability, and noise into clarity.
⚠️ Disclaimer: This is a trading framework, not financial advice. Performance depends on trader discipline, risk management, and market conditions.
MTF SqzMom [tradeviZion]Credits:
John Carter for creating the TTM Squeeze and TTM Squeeze Pro.
Lazybear for the original interpretation of the TTM Squeeze: Squeeze Momentum Indicator.
Makit0 for evolving Lazybear's script by incorporating TTM Squeeze Pro upgrades – Squeeze PRO Arrows.
MTF SqzMom - Multi-Timeframe Squeeze & Momentum Tool
MTF SqzMom is a tool designed to help traders easily monitor squeeze and momentum signals across multiple timeframes in a simple, organized format. Built using Pine Script 5, it ensures that data remains consistent, even when switching between different time intervals on the chart.
Key Features:
Multi-Timeframe Monitoring: Track squeeze and momentum signals across various timeframes, all in one view. This includes key timeframes like 1-minute, 5-minute, hourly, and daily.
Dynamic Table Display: A color-coded table that automatically adjusts based on the selected timeframes, offering a clear view of market conditions.
Alerts for Key Market Events: Get notifications when a squeeze starts or fires across your chosen timeframes, so you can stay informed without needing to monitor the chart continuously.
Customizable Appearance: Tailor the look of the table by selecting colors for squeeze levels and momentum shifts, and choose the best position on your chart for easy access.
How It Works:
MTF SqzMom is based on the concept of the squeeze, which signals periods of lower volatility where price breakouts may occur. The tool tracks this by monitoring the contraction of Bollinger Bands within Keltner Channels. Along with this, it provides momentum analysis to help you gauge the potential direction of the market after a squeeze.
Squeeze Conditions: The script tracks four levels of squeeze conditions (no squeeze, low, mid, and high), each represented by a different color in the table.
Momentum Analysis: Momentum is visually represented by colors indicating four stages: up increasing, up decreasing, down increasing, and down decreasing. This color coding helps you quickly assess whether the market is gaining or losing momentum.
Using Alerts:
You can enable two types of alerts: when a squeeze starts (indicating consolidation) and when a squeeze fires (indicating a breakout). These alerts cover all timeframes you’ve selected, so you never miss important signals.
How to Set It Up:
1. Enable Alerts in Settings: Turn on "Alert for Squeeze Start" and "Alert for Squeeze Fire" in the settings.
2. Add Alerts to Your Chart:
Click the three dots next to the indicator name.
Select "Add alert on tradeviZion - MTF SqzMom."
3. Customize and Save: Adjust alert options, choose your notification type, and click "Create."
Why Use MTF SqzMom ?
Consistent Data: The tool ensures that squeeze and momentum data remain consistent, even when you switch between chart intervals.
Real-Time Alerts: Stay updated with alerts for squeeze conditions without needing to constantly watch the chart.
Simple to Use, Customizable to Fit: You can easily adjust the table’s look and choose the timeframes and colors that best suit your trading style.
Acknowledgment:
While this tool builds on the TTM Squeeze concept developed by John Carter of Simpler Trading, it offers added flexibility through multi-timeframe analysis, alerts, and customizability to make monitoring market conditions more accessible.
Squeeze Momentum TD - A Revisited Version of the TTM SqueezeDescription:
The "Squeeze Momentum TD" is our unique take on the highly acclaimed TTM Squeeze indicator, renowned in the trading community for its efficiency in pinpointing market momentum. This script is a tribute and an extension to the foundational work laid by several pivotal figures in the trading industry:
• John Carter, for his creation of the TTM Squeeze and TTM Squeeze Pro, which revolutionized the way traders interpret volatility and momentum.
• Lazybear, whose original interpretation of the TTM Squeeze, known as the "Squeeze Momentum Indicator", provided an invaluable foundation for further development.
• Makit0, who evolved Lazybear's script to incorporate enhancements from the TTM Squeeze Pro, resulting in the "Squeeze PRO Arrows".
Our script, "Squeeze Momentum TD", represents a custom version developed after reviewing all variations of the TTM Squeeze indicator. This iteration focuses on a distinct visualization approach, featuring an overlay band on the chart for an user-friendly experience. We've distilled the essence of the TTM Squeeze and its advanced version, the TTM Squeeze Pro, into a form that emphasizes intuitive usability while retaining comprehensive analytical depth.
Features:
-Customizable Bollinger Bands and Keltner Channels: These core components of the TTM Squeeze.
-Dynamic Squeeze Conditions: Ranging from No Squeeze to High Compression.
-Momentum Oscillator: A linear regression-based momentum calculation, offering clear insights into market trends.
-User-Defined Color Schemes: Personalize your experience with adjustable colors for bands and plot shapes.
-Advanced Alert System: Alerts for key market shifts like Bull Watch Out, Bear Watch Out, and Momentum shifts.
-Adaptive Band Widths: Modify the band widths to suit your preference.
How to use it?
• Transition from Light Green to Dark Green: Indicates a potential end to the bullish momentum. This 'Bull Watch Out' signal suggests that traders should be cautious about continuing bullish trends.
• Transition from Light Red to Dark Red: Signals that the bearish momentum might be fading, triggering a 'Bear Watch Out' alert. It's a hint for traders to be wary of ongoing bearish trends.
• Shift from Dark Green to Light Green: This change suggests an increase in bullish momentum. It's an indicator for traders to consider bullish positions.
• Change from Dark Red to Light Red: Implies that bearish momentum is picking up. Traders might want to explore bearish strategies under this condition.
• Rapid Change from Light Red to Light Green: This swift shift indicates a quick transition from bearish to bullish sentiment. It's a strong signal for traders to consider switching to bullish positions.
• Quick Shift from Light Green to Light Red: Demonstrates a speedy change from bullish to bearish momentum. It suggests that traders might want to adjust their strategies to align with the emerging bearish trend.
Acknowledgements:
Special thanks to Beardy_Fred for the significant contributions to the development of this script. This work stands as a testament to the collaborative spirit of the trading community, continuously evolving to meet the demands of diverse trading strategies.
Disclaimer:
This script is provided for educational and informational purposes only. Users should conduct their own due diligence before making any trading decisions.
DIY Custom Strategy Builder [ZP] - v1DISCLAIMER:
This indicator as my first ever Tradingview indicator, has been developed for my personal trading analysis, consolidating various powerful indicators that I frequently use. A number of the embedded indicators within this tool are the creations of esteemed Pine Script developers from the TradingView community. In recognition of their contributions, the names of these developers will be prominently displayed alongside the respective indicator names. My selection of these indicators is rooted in my own experience and reflects those that have proven most effective for me. Please note that the past performance of any trading system or methodology is not necessarily indicative of future results. Always conduct your own research and due diligence before using any indicator or tool.
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Introducing the ultimate all-in-one DIY strategy builder indicator, With over 30+ famous indicators (some with custom configuration/settings) indicators included, you now have the power to mix and match to create your own custom strategy for shorter time or longer time frames depending on your trading style. Say goodbye to cluttered charts and manual/visual confirmation of multiple indicators and hello to endless possibilities with this indicator.
What it does
==================
This indicator basically help users to do 2 things:
1) Strategy Builder
With more than 30 indicators available, you can select any combination you prefer and the indicator will generate buy and sell signals accordingly. Alternative to the time-consuming process of manually confirming signals from multiple indicators! This indicator streamlines the process by automatically printing buy and sell signals based on your chosen combination of indicators. No more staring at the screen for hours on end, simply set up alerts and let the indicator do the work for you.
Available indicators that you can choose to build your strategy, are coded to seamlessly print the BUY and SELL signal upon confirmation of all selected indicators:
EMA Filter
2 EMA Cross
3 EMA Cross
Range Filter (Guikroth)
SuperTrend
Ichimoku Cloud
SuperIchi (LuxAlgo)
B-Xtrender (QuantTherapy)
Bull Bear Power Trend (Dreadblitz)
VWAP
BB Oscillator (Veryfid)
Trend Meter (Lij_MC)
Chandelier Exit (Everget)
CCI
Awesome Oscillator
DMI ( Adx )
Parabolic SAR
Waddah Attar Explosion (Shayankm)
Volatility Oscillator (Veryfid)
Damiani Volatility ( DV ) (RichardoSantos)
Stochastic
RSI
MACD
SSL Channel (ErwinBeckers)
Schaff Trend Cycle ( STC ) (LazyBear)
Chaikin Money Flow
Volume
Wolfpack Id (Darrellfischer1)
QQE Mod (Mihkhel00)
Hull Suite (Insilico)
Vortex Indicator
2) Overlay Indicators
Access the full potential of this indicator using the SWITCH BOARD section! Here, you have the ability to turn on and plot up to 14 of the included indicators on your chart. Simply select from the following options:
EMA
Support/Resistance (HeWhoMustNotBeNamed)
Supply/ Demand Zone ( SMC ) (Pmgjiv)
Parabolic SAR
Ichimoku Cloud
Superichi (LuxAlgo)
SuperTrend
Range Filter (Guikroth)
Average True Range (ATR)
VWAP
Schaff Trend Cycle ( STC ) (LazyBear)
PVSRA (TradersReality)
Liquidity Zone/Vector Candle Zone (TradersReality)
Market Sessions (Aurocks_AIF)
How it does it
==================
To explain how this indictor generate signal or does what it does, its best to put in points.
I have coded the strategy for each of the indicator, for some of the indicator you will see the option to choose strategy variation, these variants are either famous among the traders or its the ones I found more accurate based on my usage. By coding the strategy I will have the BUY and SELL signal generated by each indicator in the backend.
Next, the indicator will identify your selected LEADING INDICATOR and the CONFIRMATION INDICATOR(s).
On each candle close, the indicator will check if the selected LEADING INDICATOR generates signal (long or short).
Once the leading indicator generates the signal, then the indicator will scan each of the selected CONFIRMATION INDICATORS on candle close to check if any of the CONFIRMATION INDICATOR generated signal (long or short).
Until this point, all the process is happening in the backend, the indicator will print LONG or SHORT signal on the chart ONLY if LEADING INDICATOR and all the selected CONFIRMATION INDICATORS generates signal on candle close. example for long signal, the LEADING INDICATOR and all selected CONFIRMATION INDICATORS must print long signal.
The dashboard table will show your selected LEADING and CONFIRMATION INDICATORS and if LEADING or the CONFIRMATION INDICATORS have generated signal. Signal generated by LEADING and CONFIRMATION indicator whether long or short, is indicated by tick icon ✔. and if any of the selected CONFIRMATION or LEADING indicator does not generate signal on candle close, it will be indicated with cross symbol ✖.
how to use this indicator
==============================
Using the indicator is pretty simple, but it depends on your goal, whether you want to use it for overlaying the available indicators or using it to build your strategy or for both.
To use for Building your strategy: Select your LEADING INDICATOR, and then select your CONFIRMATION INDICATOR(s). if on candle close all the indicators generate signal, then this indicator will print SHORT or LONG signal on the chart for your entry. There are plenty of indicators you can use to build your strategy, some indicators are best for longer time frame setups while others are responsive indicators that are best for short time frame.
To use for overlaying the indicators: Open the setting of this indicator and scroll to the SWITCHBOARD section, from there you can select which indicator you want to plot on the chart.
For each of the listed indicators, you have the flexibility to customize the settings and configurations to suit your preferences. simply open indicator setting and scroll down, you will find configuration for each of the indicators used.
I will also release the Strategy Backtester for this indicator soon.
DBMA - Dual Bollinger Moving AverageThe Dual Bollinger moving average (DBMA) consists of a moving average (MA) & two Bollinger Bands (BB), with the color of the bands representing the level of price compression. In its default settings, it is a 20-day simple moving average with 2 upper Bollinger Bands, having the standard deviation (SD) settings of 0.5 & 1, respectively.
How close the price is to the moving average?
For a pullback trader, the entry point should be close to the moving average, preferably with price compression. How close should it be, is where the bands serve as a guide. The low of the pullback candle should be within the bands, that is, at least within the far band (1 SD of the MA), or even better if it's within the near band (0.5 SD). When the price is outside the bands, it should not be considered favourable for a pullback entry.
For how long has the price been closer to the moving average?
John Carter’s TTM Squeeze indicator looked at the relationship between Bollinger Bands and Keltner's Channels to help identify period of volatility contractions. Bollinger Bands being completely enclosed within the Keltner Channels is indicative of a very low volatility. This is a state of volatility contraction known as squeeze. Using different ATR lengths (1.0, 1.5 and 2.0) for Keltner Channels, we can differentiate between levels of squeeze (High, Mid & Low compression, respectively). Greater the compression, higher the potential for explosive moves.
The squeeze portion of the script is based on LazyBear's script ( Squeeze Momentum Indicator )
The High, Mid & Low compression squeezes are depicted via the color of the bands being red, orange, or yellow, respectively. With the low of the pullback candle within the bands, & the squeeze color changing to red, it should be considered favourable for a pullback entry.
Trailing the price with the lower bands
The lower bands can be used for trailing with the moving average. While trailing, once the price closes below the moving average, the trailing stoploss (TSL) is said to be triggered, & the trade is exited. Here we use the bands to give it some cushion. Let the price close below the 1SD band for labelling the TSL as being triggered to exit the trade. If the price closes below the MA but is still within the bands, the signal is to keep holding the trade.
Fibonacci Levels on Any Indicator [By MUQWISHI]▋ INTRODUCTION :
A “Fibonacci Levels on Any Indicator” can be applied to any indicator to draw Fibonacci levels based on provided conditions of two price points to produce a sequence of horizontal line levels starting from 0% to 100% in addition to extension levels. The 0% level is measured as the start of retracement, while the 100% level is the beginning of the extension levels. This tool was developed to be easy to add to any indicator, and it could be valuable to some traders in terms of managing trades by setting targets and reducing risk in the trend direction.
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▋ USAGE:
➤ NEEDS TO IDENTIFY 4 ELEMENTS:
1. Starting Point. What’re the conditions / When will the drawing of the Fibonacci levels begin?
2. Ending Point. What’re the conditions / When will the drawing of the Fibonacci levels end?
3. High Point. What is the price for a 100% Fibonacci level (0% for the downside)?
4. Low Point. What is the price for a 0% Fibonacci level (100% for the downside)?
➤ STARTING & ENDING POINTS CONDITIONS:
Need to specify the condition when the drawing of Fibonacci levels starts and ends, and the indicator shows different prepared conditions.
New Phase: Import a value (plot) from an existing indicator, where its status changes from NaN to a real number.
Crosses Above/Below: Import a value(1) (plot) from an existing indicator, where it crosses above/below value(2).
Reversal Up/Down: Import a value(1) (plot) from an existing indicator, where it rises/decreases than the previous value(1).
First/Last Bar: Useful to draw stationary Fibonacci levels.
➤ UPPER & LOWER PIVOTS (0% & 100%):
Need to specify the two price points representing 0% & 100% Fibonacci levels to expose the sequence of Fibonacci lines.
Upper Pivot. By default, the ATR Upper Band. It’s possible to import a custom value from an existing indicator.
Lower Pivot. By default, the ATR Lower Band. It’s possible to import a custom value from an existing indicator.
➤ FIBONACCI STYLING OPTIONS:
Ability to customize line & label style, color, reverse, and hide/show levels.
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▋ IMPLEMENTATION:
Here are some examples of implementing the indicator.
Note: All presented examples below are for demonstration purposes, and they're not trading suggestions.
＃ Example 1: (Reversal Up/Down)
We want to implement Fibonacci levels on the Hull MA by mohamed982 . Our requirements are as follows:
Fibonacci levels start when the Hull MA reverses up.
Fibonacci levels end when the Hull MA reverses down.
Upper Pivot is the ATR Upper Band.
Lower Pivot is the ATR Lower Band.
After adding the required indicator (Hull MA), here’re the implementation and results
＃ Example 2: (Crosses Above/Below)
We want to implement Fibonacci Level on the Squeeze Momentum by LazyBear . Our requirements are as follows:
Fibonacci levels start when the Squeeze Momentum histogram crosses above 0.
Fibonacci levels end when the Squeeze Momentum histogram crosses below 0.
Upper Pivot is the Bollinger Upper Band.
Lower Pivot is the Bollinger Lower Band.
After adding the required indicators (Squeeze Momentum & Bollinger Band), here’re the implementation and results
＃ Example 3: (Crosses Above/Below)
We want to implement Fibonacci Level on the Crossing Moving Averages. Our requirements are as follows:
Fibonacci levels start when the 20-EMA crosses above 100-MA.
Fibonacci levels end when the 20-EMA crosses below 100-MA.
Upper Pivot is the ATR Upper Band.
Lower Pivot is the ATR Lower Band.
After adding the required indicators (20-EMA & 100-MA), here’re the implementation and results
＃ Example 4: (New Phase: When the previous value is NaN, and the current value is a real number.)
We want to implement Fibonacci Level on the Supertrend. Our requirements are as follows:
Fibonacci levels start when an up-Supertrend (green) line shows up.
Fibonacci levels end when a down-Supertrend (red) line shows up.
Upper Pivot is the down-Supertrend.
Lower Pivot is the up-Supertrend.
After adding the required indicator (Supertrend), here’re the implementation and results
＃ Example 5: (First/Last Bar)
We want to implement Fibonacci Level between two points, 330 & 300. Our requirements are as follows:
Fibonacci levels start at first bar on the chart.
Fibonacci levels end at last bar on the chart.
Upper Pivot is 330.
Lower Pivot is 300.
Here’re the implementation and results.
To customize the number of bars back (like 50 bars)
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▋ Final Comments:
The “Fibonacci Levels on Any Indicator” is made to apply on other indicators for planning Fibonacci Levels.
It can be implemented in different ways, along with presented examples.
This indicator does not work with plots that were developed by drawing classes.
Please let me know if you have any questions.
Thank you.
FFT Strategy Bi-Directional Stop/Profit/Trailing + VMA + AroonThis strategy uses the Fast Fourier Transform inspired from the source code of @tbiktag for the Fast Fourier Transform & @lazybear for the VMA filter.
If you are not familiar with the Fast Fourier transform it is a variation of the Discrete Fourier Transform. Veritasium on youtube has a great video on it with a follow up recommendation from 3brown1blue. In short it will extract all the frequencies from a set of data. @tbiktag laid the groundwork for creating the indicator which will allow you to isolate only those signals which are the most relevant and remove the noise. I recommend having @tbiktag's FFT Transform indicator side by side with this to understand what my variation is doing by setting similar settings .
Using this idea, you can then optimize a strategy to the frequencies that are best. The main entry signal is when the FFT Signal crosses above or below the 0 line .
Included with this strategy is the ability to optionally bi-directionally set:
Stop Loss
Trailing Stop Loss
Take Profit
Trailing Take Profit
Entries are optionally further filtered by use of the VMA using the algorithm from LazyBear which allows you to adjust a variable moving average with 3 market trend detections. Green represents upwards momentum; Blue sideways trading and Red downwards momentum. The idea being to filter out buy or sell entries unless the market is moving in that direction, and this makes a big difference as you can see for yourself when you turn it off or on. Turning it off will change the color of the FFT signal to orange instead of the green, blue, red colors .
I have added 2 custom stop loss types as well for experimentation:
1. VMA Filter stop loss to exit the trade if the VMA detects a market trend direction change matching the rules you have set. I have set this to off by default, but it is there so you can see what affect it may have on other tickers. It can increase the profit factor but usually at a cost of net profit.
2. The Aroon Filter stop loss with different lengths for the short or long direction. For the Aroon strategy (which is a trend change detector) it is considered bullish if the upper line (green in my code) is above 70 and the lower line (red in my code) is below 30 and the opposite for the bearish case. With this in mind, I have set it to filter by default only the extreme ends (99 and 1) to increase profit factor and net profit but I encourage you to try different settings and see how it affects things. Turning this off yields much higher net profit but at the cost of the profit factor and drawdown . To disable this just uncheck the 'Use Aroon Filter Long' (or short) and it will also hide the aroon graphics and crosses on the plot.
I will be adding more features in an attempt to lower the drawdown on this strategy but I hope you enjoy what I have so far!
Multi Trend Cross Strategy TemplateToday I am sharing with the community trend cross strategy template that incorporates any combination of over 20 built in indicators. Some of these indicators are in the Pine library, and some have been custom coded and contributed over time by the beloved Pine Coder community. Identifying a trend cross is a common trend following strategy and a common custom-code request from the community. Using this template, users can now select from over 400 different potential trend combinations and setup alerts without any custom coding required. This Multi-Trend cross template has a very inclusive library of trend calculations/indicators built-in, and will plot any of the 20+ indicators/trends that you can select in the settings.
How it works : Simple trend cross strategies go long when the fast trend crosses over the slow trend, and/or go short when the fast trend crosses under the slow trend. Options for either trend direction are built-in to this strategy template. The script is also coded in a way that allows you to enable/modify pyramid settings and scale into a position over time after a trend has crossed.
Use cases : These types of strategies can reduce the volatility of returns and can help avoid large market downswings. For instance, those running a longer term trend-cross strategy may have not realized half the down swing of the bear markets or crashes in 02', 08', 20', etc. However, in other years, they may have exited the market from time to time at unfavorable points that didn't end up being a down turn, or at times the market was ranging sideways. Some also use them to reduce volatility and then add leverage to attempt to beat buy/hold of the underlying asset within an acceptable drawdown threshold.
Special thanks to @Duyck, @everget, @KivancOzbilgic and @LazyBear for coding and contributing earlier versions of some of these custom indicators in Pine.
This script incorporates all of the following indicators. Each of them can be selected and modified from within the indicator settings:
ALMA - Arnaud Legoux Moving Average
DEMA - Double Exponential Moving Average
DSMA - Deviation Scaled Moving Average - Contributed by Everget
EMA - Exponential Moving Average
HMA - Hull Moving Average
JMA - Jurik Moving Average - Contributed by Everget
KAMA - Kaufman's Adaptive Moving Average - Contributed by Everget
LSMA - Linear Regression , Least Squares Moving Average
RMA - Relative Moving Average
SMA - Simple Moving Average
SMMA - Smoothed Moving Average
Price Source - Plotted based on source selection
TEMA - Triple Exponential Moving Average
TMA - Triangular Moving Average
VAMA - Volume Adjusted Moving Average - Contributed by Duyck
VIDYA - Variable Index Dynamic Average - Contributed by KivancOzbilgic
VMA - Variable Moving Average - Contributed by LazyBear
VWMA - Volume Weighted Moving Average
WMA - Weighted Moving Average
WWMA - Welles Wilder's Moving Average
ZLEMA - Zero Lag Exponential Moving Average - Contributed by KivancOzbilgic
Disclaimer : This is not financial advice. Open-source scripts I publish in the community are largely meant to spark ideas that can be used as building blocks for part of a more robust trade management strategy. If you would like to implement a version of any script, I would recommend making significant additions/modifications to the strategy & risk management functions. If you don’t know how to program in Pine, then hire a Pine-coder. We can help!
GBT TunnelThis is a channel type tool I created, heavily influenced by LazyBear COG Fibs script and the COG Fibs script by Joy_Bangla which also uses LazyBear COG Fib logic. All credit to those guys, publishing this open source as well since its nothing here is my original work really.
Strategy Myth-Busting #6 - PSAR+MA+SQZMOM+HVI - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our sixth one we are automating is " I Tested ''7% Profit Per Day" Scalping Strategy 100 Times ( Unexpected Results ) " from " TradeIQ " which claims to have made 175% profit on the 5 min chart of BTCUSD with a having a 61% win rate in just 32 days.
Originally, we mimicked verbatim the indicators and settings TradeIQ was using however weren't getting promising results anything close to the claim so we decided to try and improve on it. We changed the static Parabolic SAR to be adaptive based upon the timeframe. We did this by using an adjustable multiplier for the PSAR Max. Also, In TradeIQ's revised version he substituted Hawkeye's Volume Indicator in lieu of Squeeze Momentum. We found that including both indicators we were getting better results so included them both. Feel free to experiment more. Would love to see how this could be improved on.
This strategy uses a combination of 4 open-source public indicators:
Parabolic Sar (built in)
10 in 1 MA's by hiimannshu
Squeeze Momentum by lazybear
HawkEYE Volume Indicator by lazybear
Trading Rules
5m timeframe and above. We saw equally good results in the higher (3h - 4h) timeframes as well.
Long Entry:
Parabolic Sar shifts below price at last dot above and then previous bar needs to breach above that.
Price action has to be below both MA's and 50MA needs to be above 200MA
Squeeze Momentum needsd to be in green or close to going green
HawkEYE Volume Indicator needs to be show a green bar on the histagram
Short Entry:
Parabolic Sar shifts above price at last dot below and then previous bar needs to breach below that.
Price action needs to be above both MA's and 50MA needs to be below 200MA
Squeeze Momentum needsd to be in red or close to going red
HawkEYE Volume Indicator needs to be show a red bar on the histagram
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
Trend Surfers - Momentum + ADX + EMAThis script mixes the Lazybear Momentum indicator, ADX indicator, and EMA.
Histogram meaning:
Green = The momentum is growing and the ADX is growing or above your set value
Red = The momentum is growing on the downside and the ADX is growing or above your set value
Orange = The market doesn't have enough momentum or the ADX is not growing or above your value (no trend)
Background meaning:
Blue = The price is above the EMA
Purple = The price is under the EMA
Cross color on 0 line:
Dark = The market might be sideway still
Light = The market is in a bigger move
SKS_SQZPRO//@originalauthor Makit0
//
//script based in:
// original John Carter's ideas (SQUEEZE & SQUEEZE PRO) www.simplertrading.com
// LazyBear's script (Squeeze Momentum Indicator)
//
// USE IT IN CONJUNCTION WITH THE SQUEEZE PRO ARROWS INDICATOR
//
// This system is based in the volatility reversion to the mean: volatility contraction leads to volatility expansion and the other way on
// The dot signal is a warning of volatility compression, more often than not this leads to a expansion of volatility and a move in the action price usually bigger than the expected move
// Be aware of the trend direction, use the momentum histogram to see the slope direction
//
// There are 3 levels of compression:
// Level 1: ORANGE, the lesser compresion level
// Level 2: RED, the normal level marked by the original squeeze indicator
// Level 3: YELLOW, the max compression level
// The more the compression the bigger the after move
//
// The GREEN dots signal the volatility expansion out of the squeeze ranges
MODIFIED HEAVILY!! MOM_LINE, MOMBars
4C Volume w/ Relative Volume at TimeThis is a Volume indicator that also shows Relative Volume at Time (RVOL).
The RVOL is easily visible as a background color, that changes between Low and High RVOL colors.
The RVOL portion of the indicator is a modified version of the 'Relative Volume At Time' indicator by Tradingview (which has been the best/most accurate RVOL indicator i have seen yet on Tradingview, and seems to closely match the how the "Zanger Volume" indicator works).
Elevated RVOL can be a very important criteria for trading , especially on lower time frames.
This indicator can be used as a simple filter when looking at charts to determine whether it should be traded or not, based on the RVOL.
Higher volume/participation relative to previous time periods can lead to better follow through of moves and price action, and can lead to trending conditions.
Lower RVOL can lead to choppy market conditions, with lower participation and follow through on chart patterns.
The RVOL portion of the indicator draws from the Tradingview 'Relative Volume At Time' indicator developed by authors @e2e4mfck and @LucF , for TradingView.
This indicator takes the Past Volume mark and changes it into a background color.
High RVOL = When the day's cumulative volume is greater than the Past Volume levels, then the background is painted Blue by default
Low RVOL = When the day's cumulative volume is lower than the Past Volume levels, then the background is painted Purple by default
See annotated examples in the chart Below, which compares/contrasts this new indicator with the RVOL indicator by Tradingview:
Portions of the 'Relative Volume At Time' indictor code have been removed to clean up the script.
Plans in the future are to remove more code were possible, to further refine the script and speed up the processing times for the indicator.
If anyone is able to strip out more and keep it functioning the same, please let me know.
Enjoy.
Credit also goes to author @LazyBear . Portions of the Volume indicator is adapted from - HawkEye Volume Indicator
Bitcoin Risk Long Term indicatorOBJECTIVE:
The purpose of this indicator is to synthesize via an average several indicators from a wide choice with in order to simplify the reading of the bitcoin price and that on a long term vision.
Useful for those who want to see things simply, typically to make a smart DCA based on risk.
I originally used this script as a sandbox to understand and test the usefulness of several indicators, and to develop my PineScript skills, but finally the Risk Indicator output seems relevant so I decided to share it.
USAGE:
The selected indicators are the ones that I think give the best market bottoms, but the idea here is that anyone can try and use any set of indicators based on those preferences (post in comments if you find a relevant config)
Most of the indicator inputs are configurable. And some are not taken into account in the calculation of the Risk indicator because I consider them not relevant, this script is also a test more than a final version.
NOTES :
If you have any idea of adding an indicator, modification, criticism, bug found: share them, it is appreciated!
In the future I will create another more versatile Risk indicator that will not be focused on bitcoin in weekly. (this indicator is still usable on other assets and timeframe)
THANKS:
to Benjamin Cowen for inspiring me with his Bitcoin Risk metric
to Lazybear for his Wavetrend Indicator and all the scripts he shares
to Mabonyi for his Bitcoin Logarithmic Growth Curves & Zones script
to VuManChu for his VMC Cypher B Divergence
to the Trading view team for developing TV and PineScript
And to all the community for all the published codes that allowed me to progress and create this script
---- FR ----
OBJECTIF :
L'objectif de cet indicateur est de synthétiser via une moyenne plusieurs indicateurs parmi un large choix avec afin de simplifier la lecture du cours de bitcoin et cela sur une vision longue terme.
Utile pour ceux qui veulent voir les choses simplement, typiquement faire un DCA intelligent en fonction du risque.
À la base j'ai utilisé ce script comme un bac à sable pour comprendre puis tester l'utilité de plusieurs indicateurs, et développer mes compétences PineScript, mais finalement l'output Risk Indicateur me semble pertinent donc autant le partager.
UTILISATION :
Les indicateurs sélectionnés sont ceux qui permettent selon moi d'avoir les meilleurs point bas de marché, mais l'idée ici est que chacun puisse essayer et utiliser n'importe quel ensemble d'indicateur en fonction de ces préférences (poster en commentaire si vous trouvez une configuration pertinente)
La plupart des inputs indicateurs sont paramétrables. Et certains ne sont pas pris en compte dans le calcul du Risk indicateur car je les estime non pertinent, ce script est aussi un essai plus qu'une version finale.
NOTES :
Si vous avez la moindre idée d'ajout d'indicateur, modification, critique, bug trouvé : partagez-les, c'est apprécié !
à l'avenir je créerais un autre Risk indicator plus polyvalent qui ne sera pas focalisé sur bitcoin en weekly. (cet indicateur est tout de même utilisable sur d'autre actif et timeframe)
REMERCIEMENT :
à Benjamin Cowen pour m'avoir inspiré avec son Bitcoin Risk metric
à Lazybear pour son Wavetrend Indicator et globalement tout les scripts qu'il partage
à Mabonyi pour son script Bitcoin Logarithmic Growth Curves & Zones
à VuManChu pour son VMC Cypher B Divergence
à l'équipe Trading view pour avoir développé TV et PineScript
Et à toute la communauté pour tous les codes publiés qui m'ont permis de progresser et de créer ce script
Multi-Timeframe TTM Squeeze Pro
IMPORTANT NOTE:
-> The timeframe for this indicator must be set at 1 minute;
-> If the chart timeframe is higher than 1 minute, the results shown in the table for timeframes lower than the chart will not be correct;
-> Tradingview's own documentation explains this as follows: " It is not recommended to request data of a timeframe lower that the current chart timeframe, for example 1 minute data from a 5 minutes chart. The main problem with such a case is that some part of a 1 minute data will be inevitably lost, as it’s impossible to display it on a 5 minutes chart and not to break the time axis. In such cases the behavior of security can be rather unexpected "; and
-> It is therefore recommended that this indicator is placed in a standalone 1min chart window, and the window resized to only show the table to avoid any issues.
Credits:
-> John Carter creating the TTM Squeeze and TTM Squeeze Pro
-> Lazybear's original interpretation of the TTM Squeeze: Squeeze Momentum Indicator
-> Makit0's evolution of Lazybear's script to factor in the TTM Squeeze Pro upgrades - Squeeze PRO Arrows
This is my version of their collective works, with amendments primarily to the Squeeze Conditions to more accurately reflect the color coding used by the official TMM Squeeze Pro indicator.
TTM Squeeze Guide
For those unfamiliar with the TTM Squeeze, it is simply a visual way of seeing how Bollinger Bands (standard deviations from a simple moving average ) relate to Keltner Channels ( average true range bands) compared with the momentum of the price action. The concept is that as Bollinger Bands compress within Keltner Channels , price volatility decreases, giving way for a potential explosive price movement up or down.
Differences between the original TTM Squeeze and TTM Squeeze Pro:
-> Both use a 2 standard deviation Bollinger Band ;
-> The original squeeze only used a 1.5 ATR Keltner Channel; and
-> The pro version uses 1.0, 1.5 and 2.0 ATR Keltner Channels .
The pro version therefore helps differentiate between levels of squeeze (compression) as the Bollinger Bands moves through the Keltner Channels i.e. the greater the compression, the more potential for explosive moves - less compression means more squeezing.
The Histogram shows price momentum whereas the colored dots (along the zeroline) show where the Bollinger Bands are in relation to the Keltner Channels:
-> Cyan Bars = positive, increasing momentum;
-> Blue Bars = positive, decreasing momentum (indication of a reversal in price direction);
-> Red Bars = negative, increasing momentum;
-> Yellow Bars = negative, decreasing momentum (indication of a reversal in price direction);
-> Orange Dots = High Compression / large squeeze (One or both of the Bollinger Bands is inside the 1st (1.0 ATR) Keltner Channel);
-> Red Dots = Medium Squeeze (One or both of the Bollinger Bands is inside the 2nd (1.5 ATR) Keltner Channel);
-> Black Dots = Low compression / wide squeeze (One or both of the Bollinger Bands is inside the 3rd (2.0 ATR) Keltner Channels );
-> Green Dots = No Squeeze / Squeeze Fired (One or both of the Bollinger Bands is outside of the 3rd (2.0 ATR) Keltner Channel).
Ideal Scenario:
As the ticker enters the squeeze, black dots would warn of the beginning of a low compression squeeze. As the Bollinger bands continue to constrict within the Keltner Channels , red dots would highlight a medium compression. As the price action and momentum continues to compress an orange dot shows warning of high compression. As price action leaves the squeeze, the coloring would reverse e.g. orange to red to black to green. Any compression squeeze is considered fired at the first green dot that appears.
Note: This is an ideal progression of the different types of squeezes, however any type of squeeze (and color sequence) may appear at anytime, therefore the focus is primarily on the green dots after any type of compression.
Entry and Exit Guide:
-> John Carter recommends entering a position after at least 5 black dots or wait for 1st green dot ; and
-> Exit on second blue or yellow bar or, alternatively, remain in the position after confirming a continuing trend through a separate indicator.
Standalone Indicator:
The indicator (which can be used on any timeframe) can be found here:
