Inizia

Cerca negli script per "adx"

Indicators: Chartmill Value Indicator & Random Walk IndexChartMill Value Indicator & Modified ChartMill Value Indicator : ------------------------------- Developed by Dirk Vandycke, CVI tracks how far the price spread is from its MA. Since MA keeps increasing even when price consolidates or stalls, it is very difficult for the deviation from a moving average to remain in the overbought or oversold regions for extended periods, which represents a significant improvement over other oscillators such as the RSI and Stochastic indicators. However, a simple price spread from a moving average would not be comparable across all securities, which would preclude us from using the spread in systematic strategies. Fortunately, Mr.Vandycke addresses this problem by dividing the spread by the average true range, which is dependent on both the price level and volatility of the underlying security. There is a variation of CVI called Modified CVI, which does time normalization of ATR (not the MA). This indicator supports displaying "Modified CVI" too. Check the options page. This indicator is best used with other oscillators, to confirm signals. Zero line (in this case, "1" line since the gray line is drawn at the value of 1) crossovers should also be considered as signals. I suggest tuning the OB/OS levels to match your instrument (usually it is around 0.5/-0.5 range). More info: www.traders.com Random Walk Index ------------------------- RWI is used to determine if an issue is trending or in a random trading range (like ADX/Aroon). It attempts to do this by first determining an issue's trading range. The next step is to calculate a series of RWI indexes for the maximum look-back period. The largest index move in relation to a random walk is used as today's index. Michael Poulos, inventor of RWI, recommends 2 to 7 for the short-term time frames and 8-64 for long terms. An issue is trending higher if the long term RWI of highs is greater than 1, while a downtrend is indicated if the long term RWI of lows is greater than 1. Below are some more rules developed by Mr.Poulos: - Enter a long (or close short) when the long-term RWI of the highs is greater than 1 and the short-term RWI of lows peaks above 1 - Enter short (or close long) when the long-term RWI of the lows is greater than 1 and the short-term RWI of highs peaks above 1 More info: - tradingsim.com For displaying only the histogram (as shown in the bottom pane), select "ShowOnlyHistogram" in the options page.
Indicatore Pine Script™
di LazyBear
6
Strength Measurement -HTThe Strength Measurement -HT indicator is a tool designed to measure the strength and trend of a security using the Average Directional Index (ADX) across multiple time frames. This script averages the ADX values from five different time frames to provide a comprehensive view of the trend's strength, helping traders make more informed decisions. Key Features: Multi-Time Frame Analysis: The indicator calculates ADX values from five different time frames (5 minutes, 15 minutes, 30 minutes, 1 hour, and 4 hours) to offer a more holistic view of the market trend. Trend Strength Visualization: The average ADX value is plotted as a histogram, with colors indicating the trend strength and direction, making it easy to visualize and interpret. Reference Levels: The script includes horizontal lines at ADX levels 25, 50, and 75 to signify weak, strong, and very strong trends, respectively. How It Works Directional Movement Calculation: The script calculates the positive and negative directional movements (DI+) and (DI-) using the true range over a specified period (default is 14 periods). ADX Calculation: The ADX value is derived from the smoothed moving average of the absolute difference between DI+ and DI-, normalized by their sum. Multi-Time Frame ADX: ADX values are computed for the 5-minute, 15-minute, 30-minute, 1-hour, and 4-hour time frames. Average ADX: The script averages the ADX values from the different time frames to generate a single, comprehensive ADX value. Trend Visualization: The average ADX value is plotted as a histogram with colors indicating: Gray for weak trends (ADX < 25) Green for strengthening trends (25 ≤ ADX < 50) Dark Green for strong trends (ADX ≥ 50) Light Red for weakening trends (ADX < 25) Red for strong trends turning weak (ADX ≥ 25) Usage Trend Detection: Use the color-coded histogram to quickly identify the trend strength and direction. Green indicates a strengthening trend, while red signifies a weakening trend. Reference Levels: Utilize the horizontal lines at ADX levels 25, 50, and 75 as reference points to gauge the trend's strength. ADX < 25 suggests a weak trend. ADX between 25 and 50 indicates a moderate to strong trend. ADX > 50 points to a very strong trend. Multi-Time Frame Insight: Leverage the averaged ADX value to gain insights from multiple time frames, helping you make more informed trading decisions based on a broader market perspective. Feel free to explore and integrate this indicator into your trading strategy to enhance your market analysis and decision-making process. Happy trading!
Indicatore Pine Script™
di AccountantX
Ruckard TradingLatinoThis strategy tries to mimic TradingLatino strategy. The current implementation is beta. Si hablas castellano o espanyol por favor consulta MENSAJE EN CASTELLANO más abajo. It's aimed at BTCUSDT pair and 4h timeframe. STRATEGY DEFAULT SETTINGS EXPLANATION max_bars_back=5000 : This is a random number of bars so that the strategy test lasts for one or two years calc_on_order_fills=false : To wait for the 4h closing is too much. Try to check if it's worth entering a position after closing one. I finally decided not to recheck if it's worth entering after an order is closed. So it is false. calc_on_every_tick=false pyramiding=0 : We only want one entry allowed in the same direction. And we don't want the order to scale by error. initial_capital=1000 : These are 1000 USDT. By using 1% maximum loss per trade and 7% as a default stop loss by using 1000 USDT at 12000 USDT per BTC price you would entry with around 142 USDT which are converted into: 0.010 BTC . The maximum number of decimal for contracts on this BTCUSDT market is 3 decimals. E.g. the minimum might be: 0.001 BTC . So, this minimal 1000 amount ensures us not to entry with less than 0.001 entries which might have happened when using 100 USDT as an initial capital. slippage=1 : Binance BTCUSDT mintick is: 0.01. Binance slippage: 0.1 % (Let's assume). TV has an integer slippage. It does not have a percentage based slippage. If we assume a 1000 initial capital, the recommended equity is 142 which at 11996 USDT per BTC price means: 0.011 BTC. The 0.1% slippage of: 0.011 BTC would be: 0.000011 . This is way smaller than the mintick. So our slippage is going to be 1. E.g. 1 (slippage) * 0.01 (mintick) commission_type=strategy.commission.percent and commission_value=0.1 : According to: binance . com / en / fee / schedule in VIP 0 level both maker and taker fees are: 0.1 %. BACKGROUND Jaime Merino is a well known Youtuber focused on crypto trading His channel TradingLatino features monday to friday videos where he explains his strategy. JAIME MERINO STANCE ON BOTS Jaime Merino stance on bots (taken from memory out of a 2020 June video from him): '~ You know. They can program you a bot and it might work. But, there are some special situations that the bot would not be able to handle. And, I, as a human, I would handle it. And the bot wouldn't do it. ~' My long term target with this strategy script is add as many special situations as I can to the script so that it can match Jaime Merino behaviour even in non normal circumstances. My alternate target is learn Pine script and enjoy programming with it. WARNING This script might be bigger than other TradingView scripts. However, please, do not be confused because the current status is beta. This script has not been tested with real money. This is NOT an official strategy from Jaime Merino. This is NOT an official strategy from TradingLatino . net . HOW IT WORKS It basically uses ADX slope and LazyBear's Squeeze Momentum Indicator to make its buy and sell decisions. Fast paced EMA being bigger than slow paced EMA (on higher timeframe) advices going long. Fast paced EMA being smaller than slow paced EMA (on higher timeframe) advices going short. It finally add many substrats that TradingLatino uses. SETTINGS __ SETTINGS - Basics ____ SETTINGS - Basics - ADX (ADX) Smoothing {14} (ADX) DI Length {14} (ADX) key level {23} ____ SETTINGS - Basics - LazyBear Squeeze Momentum (SQZMOM) BB Length {20} (SQZMOM) BB MultFactor {2.0} (SQZMOM) KC Length {20} (SQZMOM) KC MultFactor {1.5} (SQZMOM) Use TrueRange (KC) {True} ____ SETTINGS - Basics - EMAs (EMAS) EMA10 - Length {10} (EMAS) EMA10 - Source {close} (EMAS) EMA55 - Length {55} (EMAS) EMA55 - Source {close} ____ SETTINGS - Volume Profile Lowest and highest VPoC from last three days is used to know if an entry has a support VPVR of last 100 4h bars is also taken into account (VP) Use number of bars (not VP timeframe): Uses 'Number of bars {100}' setting instead of 'Volume Profile timeframe' setting for calculating session VPoC (VP) Show tick difference from current price {False}: BETA . Might be useful for actions some day. (VP) Number of bars {100}: If 'Use number of bars (not VP timeframe)' is turned on this setting is used to calculate session VPoC. (VP) Volume Profile timeframe {1 day}: If 'Use number of bars (not VP timeframe)' is turned off this setting is used to calculate session VPoC. (VP) Row width multiplier {0.6}: Adjust how the extra Volume Profile bars are shown in the chart. (VP) Resistances prices number of decimal digits : Round Volume Profile bars label numbers so that they don't have so many decimals. (VP) Number of bars for bottom VPOC {18}: 18 bars equals 3 days in suggested timeframe of 4 hours. It's used to calculate lowest session VPoC from previous three days. It's also used as a top VPOC for sells. (VP) Ignore VPOC bottom advice on long {False}: If turned on it ignores bottom VPOC (or top VPOC on sells) when evaluating if a buy entry is worth it. (VP) Number of bars for VPVR VPOC {100}: Number of bars to calculate the VPVR VPoC. We use 100 as Jaime once used. When the price bounces back to the EMA55 it might just bounce to this VPVR VPoC if its price it's lower than the EMA55 (Sells have inverse algorithm). ____ SETTINGS - ADX Slope ADX Slope help us to understand if ADX has a positive slope, negative slope or it is rather still. (ADXSLOPE) ADX cut {23}: If ADX value is greater than this cut (23) then ADX has strength (ADXSLOPE) ADX minimum steepness entry {45}: ADX slope needs to be 45 degrees to be considered as a positive one. (ADXSLOPE) ADX minimum steepness exit {45}: ADX slope needs to be -45 degrees to be considered as a negative one. (ADXSLOPE) ADX steepness periods {3}: In order to avoid false detection the slope is calculated along 3 periods. ____ SETTINGS - Next to EMA55 (NEXTEMA55) EMA10 to EMA55 bounce back percentage {80}: EMA10 might bounce back to EMA55 or maybe to 80% of its complete way to EMA55 (NEXTEMA55) Next to EMA55 percentage {15}: How much next to the EMA55 you need to be to consider it's going to bounce back upwards again. ____ SETTINGS - Stop Loss and Take Profit You can set a default stop loss or a default take profit. (STOPTAKE) Stop Loss % {7.0} (STOPTAKE) Take Profit % {2.0} ____ SETTINGS - Trailing Take Profit You can customize the default trailing take profit values (TRAILING) Trailing Take Profit (%) {1.0}: Trailing take profit offset in percentage (TRAILING) Trailing Take Profit Trigger (%) {2.0}: When 2.0% of benefit is reached then activate the trailing take profit. ____ SETTINGS - MAIN TURN ON/OFF OPTIONS (EMAS) Ignore advice based on emas {false}. (EMAS) Ignore advice based on emas (On closing long signal) {False}: Ignore advice based on emas but only when deciding to close a buy entry. (SQZMOM) Ignore advice based on SQZMOM {false}: Ignores advice based on SQZMOM indicator. (ADXSLOPE) Ignore advice based on ADX positive slope {false} (ADXSLOPE) Ignore advice based on ADX cut (23) {true} (STOPTAKE) Take Profit? {false}: Enables simple Take Profit. (STOPTAKE) Stop Loss? {True}: Enables simple Stop Loss. (TRAILING) Enable Trailing Take Profit (%) {True}: Enables Trailing Take Profit. ____ SETTINGS - Strategy mode (STRAT) Type Strategy: 'Long and Short', 'Long Only' or 'Short Only'. Default: 'Long and Short'. ____ SETTINGS - Risk Management (RISKM) Risk Management Type: 'Safe', 'Somewhat safe compound' or 'Unsafe compound'. ' Safe ': Calculations are always done with the initial capital (1000) in mind. The maximum losses per trade/day/week/month are taken into account. ' Somewhat safe compound ': Calculations are done with initial capital (1000) or a higher capital if it increases. The maximum losses per trade/day/week/month are taken into account. ' Unsafe compound ': In each order all the current capital is gambled and only the default stop loss per order is taken into account. That means that the maximum losses per trade/day/week/month are not taken into account. Default : 'Somewhat safe compound'. (RISKM) Maximum loss per trade % {1.0}. (RISKM) Maximum loss per day % {6.0}. (RISKM) Maximum loss per week % {8.0}. (RISKM) Maximum loss per month % {10.0}. ____ SETTINGS - Decimals (DECIMAL) Maximum number of decimal for contracts {3}: How small (3 decimals means 0.001) an entry position might be in your exchange. EXTRA 1 - PRICE IS IN RANGE indicator (PRANGE) Print price is in range {False}: Enable a bottom label that indicates if the price is in range or not. (PRANGE) Price range periods {5}: How many previous periods are used to calculate the medians (PRANGE) Price range maximum desviation (%) {0.6} ( > 0 ): Maximum positive desviation for range detection (PRANGE) Price range minimum desviation (%) {0.6} ( > 0 ): Mininum negative desviation for range detection EXTRA 2 - SQUEEZE MOMENTUM Desviation indicator (SQZDIVER) Show degrees {False}: Show degrees of each Squeeze Momentum Divergence lines to the x-axis. (SQZDIVER) Show desviation labels {False}: Whether to show or not desviation labels for the Squeeze Momentum Divergences. (SQZDIVER) Show desviation lines {False}: Whether to show or not desviation lines for the Squeeze Momentum Divergences. EXTRA 3 - VOLUME PROFILE indicator WARNING: This indicator works not on current bar but on previous bar. So in the worst case it might be VP from 4 hours ago. Don't worry, inside the strategy calculus the correct values are used. It's just that I cannot show the most recent one in the chart. (VP) Print recent profile {False}: Show Volume Profile indicator (VP) Avoid label price overlaps {False}: Avoid label prices to overlap on the chart. EXTRA 4 - ZIGNALY SUPPORT (ZIG) Zignaly Alert Type {Email}: 'Email', 'Webhook'. ' Email ': Prepare alert_message variable content to be compatible with zignaly expected email content format. ' Webhook ': Prepare alert_message variable content to be compatible with zignaly expected json content format. EXTRA 5 - DEBUG (DEBUG) Enable debug on order comments {False}: If set to true it prepares the order message to match the alert_message variable. It makes easier to debug what would have been sent by email or webhook on each of the times an order is triggered. HOW TO USE THIS STRATEGY BOT MODE: This is the default setting. PROPER VOLUME PROFILE VIEWING: Click on this strategy settings. Properties tab. Make sure Recalculate 'each time the order was run' is turned off. NEWBIE USER: (Check PROPER VOLUME PROFILE VIEWING above!) You might want to turn on the 'Print recent profile {False}' setting. Alternatively you can use my alternate realtime study: 'Resistances and supports based on simplified Volume Profile' but, be aware, it might consume one indicator. ADVANCED USER 1: Turn on the 'Print price is in range {False}' setting and help us to debug this subindicator. Also help us to figure out how to include this value in the strategy. ADVANCED USER 2: Turn on the all the (SQZDIVER) settings and help us to figure out how to include this value in the strategy. ADVANCED USER 3: (Check PROPER VOLUME PROFILE VIEWING above!) Turn on the 'Print recent profile {False}' setting and report any problem with it. JAIME MERINO: Just use the indicator as it comes by default. It should only show BUY signals, SELL signals and their associated closing signals. From time to time you might want to check 'ADVANCED USER 2' instructions to check that there's actually a divergence. Check also 'ADVANCED USER 1' instructions for your amusement. EXTRA ADVICE It's advised that you use this strategy in addition to these two other indicators: * Squeeze Momentum Indicator * ADX so that your chart matches as close as possible to TradingLatino chart. ZIGNALY INTEGRATION This strategy supports Zignaly email integration by default. It also supports Zignaly Webhook integration. ZIGNALY INTEGRATION - Email integration example What you would write in your alert message: ||{{strategy.order.alert_message}}||key=MYSECRETKEY|| ZIGNALY INTEGRATION - Webhook integration example What you would write in your alert message: { {{strategy.order.alert_message}} , "key" : "MYSECRETKEY" } CREDITS I have reused and adapted some code from 'Directional Movement Index + ADX & Keylevel Support' study which it's from TradingView console user. I have reused and adapted some code from '3ema' study which it's from TradingView hunganhnguyen1193 user. I have reused and adapted some code from 'Squeeze Momentum Indicator ' study which it's from TradingView LazyBear user. I have reused and adapted some code from 'Strategy Tester EMA-SMA-RSI-MACD' study which it's from TradingView fikira user. I have reused and adapted some code from 'Support Resistance MTF' study which it's from TradingView LonesomeTheBlue user. I have reused and adapted some code from 'TF Segmented Linear Regression' study which it's from TradingView alexgrover user. I have reused and adapted some code from "Poor man's volume profile" study which it's from TradingView IldarAkhmetgaleev user. FEEDBACK Please check the strategy source code for more detailed information where, among others, I explain all of the substrats and if they are implemented or not. Q1. Did I understand wrong any of the Jaime substrats (which I have implemented)? Q2. The strategy yields quite profit when we should long (EMA10 from 1d timeframe is higher than EMA55 from 1d timeframe. Why the strategy yields much less profit when we should short (EMA10 from 1d timeframe is lower than EMA55 from 1d timeframe)? Any idea if you need to do something else rather than just reverse what Jaime does when longing? FREQUENTLY ASKED QUESTIONS FAQ1. Why are you giving this strategy for free? TradingLatino and his fellow enthusiasts taught me this strategy. Now I'm giving back to them. FAQ2. Seriously! Why are you giving this strategy for free? I'm confident his strategy might be improved a lot. By keeping it to myself I would avoid other people contributions to improve it. Now that everyone can contribute this is a win-win. FAQ3. How can I connect this strategy to my Exchange account? It seems that you can attach alerts to strategies. You might want to combine it with a paying account which enable Webhook URLs to work. I don't know how all of this works right now so I cannot give you advice on it. You will have to do your own research on this subject. But, be careful. Automating trades, if not done properly, might end on you automating losses. FAQ4. I have just found that this strategy by default gives more than 3.97% of 'maximum series of losses'. That's unacceptable according to my risk management policy. You might want to reduce default stop loss setting from 7% to something like 5% till you are ok with the 'maximum series of losses'. FAQ5. Where can I learn more about your work on this strategy? Check the source code. You might find unused strategies. Either because there's not a substantial increases on earnings. Or maybe because they have not been implemented yet. FAQ6. How much leverage is applied in this strategy? No leverage. FAQ7. Any difference with original Jaime Merino strategy? Most of the times Jaime defines an stop loss at the price entry. That's not the case here. The default stop loss is 7% (but, don't be confused it only means losing 1% of your investment thanks to risk management). There's also a trailing take profit that triggers at 2% profit with a 1% trailing. FAQ8. Why this strategy return is so small? The strategy should be improved a lot. And, well, backtesting in this platform is not guaranteed to return theoric results comparable to real-life returns. That's why I'm personally forward testing this strategy to verify it. MENSAJE EN CASTELLANO En primer lugar se agradece feedback para mejorar la estrategia. Si eres un usuario avanzado y quieres colaborar en mejorar el script no dudes en comentar abajo. Ten en cuenta que aunque toda esta descripción tenga que estar en inglés no es obligatorio que el comentario esté en inglés. CHISTE - CASTELLANO ¡Pero Jaime! ¡400.000! ¡Tu da mun!
Strategia Pine Script™
di ruckard
28
Average Directional Index with MACombining the Average Directional Index (ADX) with a 14-period Exponential Moving Average (EMA) can provide traders with a comprehensive approach to identify both the strength of a trend (through ADX) and the trend's direction (using EMA). Let's break down each component and then discuss how they can be combined: Average Directional Index (ADX): The ADX is a technical indicator that measures the strength or momentum of a trend, regardless of its direction. The ADX is derived from two other indicators: Positive Directional Index (+DI): Measures the strength of upward price movement. Negative Directional Index (-DI): Measures the strength of downward price movement. 14-period Exponential Moving Average (EMA): The 14-period EMA is a trend-following indicator that gives more weight to recent price data compared to simple moving averages (SMAs). The EMA is calculated by taking the average of the last 14 closing prices, giving more importance to the most recent prices. Combining ADX and EMA: When combining ADX with a 14-period EMA: ADX as a Filter: Traders might use the ADX to filter out trades when the trend's strength is weak (e.g., ADX below 25) to avoid trading in sideways or choppy markets. EMA for Trend Direction: Traders can use the 14-period EMA to determine the trend direction. A price above the 14-period EMA might indicate an uptrend, while a price below the EMA might suggest a downtrend. Example Strategy: Here's a simplified trading strategy combining ADX and EMA: Trend Identification: Buy when the price is above the 14-period EMA and the ADX indicates a strong uptrend (e.g., ADX > 25). Sell or go short when the price is below the 14-period EMA and the ADX indicates a strong downtrend (e.g., ADX > 25). Avoid Choppy Markets: Avoid trading when the ADX is below a certain threshold (e.g., ADX < 25) to filter out sideways or range-bound markets. Combining ADX and a 14-period EMA can provide traders with a balanced approach to identify both the strength and direction of a trend. However, it's essential to remember that no indicator or strategy can guarantee profits, and it's crucial to use risk management techniques and other tools to make informed trading decisions. Consider back testing this strategy on historical data and adjusting the parameters based on their trading style and risk tolerance.
Indicatore Pine Script™
di CaptCri5tian
SufianBD 2.01. Purpose of the Script The script combines the MACD (Moving Average Convergence Divergence) and ADX (Average Directional Index) to generate buy and sell signals: MACD helps identify momentum changes in price. ADX ensures signals are only generated when the trend is strong enough. It visually plots these signals as green "Buy" markers below the candles and red "Sell" markers above the candles. It also highlights the background when the trend is strong. 2. Inputs The script uses user-defined parameters to customize the behavior of MACD and ADX: Short EMA & Long EMA (12, 26): The two EMAs used to calculate the MACD line. Signal Length (9): The smoothing length for the MACD signal line. ADX Period (14): The period used to calculate the ADX. ADX Smoothing (14): Smooths the ADX calculation. ADX Threshold (20): Defines the minimum ADX value for a "strong trend." Signals are only valid if the ADX is above this threshold. 3. Calculations MACD (Momentum Detection) macdLine: The difference between the short EMA and long EMA. It shows the momentum of price movement. signalLine: A smoothed version of the MACD line, acting as a signal filter. histogram: The difference between macdLine and signalLine, showing the strength of momentum. ADX (Trend Strength Detection) The ADX indicator measures the strength of a trend: diPlus and diMinus: Show bullish and bearish directional movement. adxValue: The ADX value determines whether the trend is strong enough to trade. 4. Signal Logic The script generates buy and sell signals based on MACD and ADX: Buy Signal: Occurs when the MACD line crosses above the signal line (bullish crossover) and the ADX value is greater than the threshold (indicating a strong trend). Sell Signal: Occurs when the MACD line crosses below the signal line (bearish crossover) and the ADX value is greater than the threshold. 5. Visual Elements Buy/Sell Signal Markers Buy Signal: Plotted as a green upward arrow (labelup) below the price bars. Sell Signal: Plotted as a red downward arrow (labeldown) above the price bars. Background Highlight When the ADX value exceeds the threshold (indicating a strong trend), the background is highlighted in blue. 6. Practical Use This script is designed for traders looking to: Identify optimal buy and sell opportunities during strong trends. Filter out weak trends or sideways markets to avoid false signals. Combine momentum (MACD) and trend strength (ADX) into a single strategy.
Indicatore Pine Script™
di MdSufian
Dashed DMI by Cryptos RocketThe Directional Movement Index (DMI) is a well-known indicator in technical analysis, created by J. Welles Wilder. It is designed to identify the strength of a trend in a given market, providing traders with insights into both the direction and momentum of price movements. This script is a custom implementation of the DMI that plots the ADX (Average Directional Index), +DI (Positive Directional Indicator), and -DI (Negative Directional Indicator). Dashed DMI Key Features: 1. Directional Movement Indicators: - The ADX line, shown in orange, helps determine the strength of the trend without indicating its direction. Values above 25 suggest a strong trend, while values below 20 indicate a weak trend. - The +DI line, shown in green, measures the strength of upward movement in the price. It identifies if the market is experiencing a strong uptrend. - The -DI line, shown in red, measures the strength of downward price movement. It signals when there is a strong downtrend. 2. Customizable Dashed Line: - The script includes a customizable dashed line, which represents a critical level on the chart that traders can use as a reference. The dashed line is adjustable through the script’s settings, allowing the trader to set a desired level, color, style, and thickness. The default level is set to 30, a common threshold in trend-following systems, but users can change it according to their preferences. - The dashed line’s transparency and visibility can be toggled using the input settings, making it adaptable to different trading strategies or visual preferences. 3. Alerts: - The script provides customizable alert conditions based on the relationship between the ADX, +DI, and -DI lines with the dashed line. These alerts include: - When ADX crosses above or below the dashed line, signaling a shift in trend strength. - When +DI or -DI cross the dashed line, indicating a change in the trend's directionality (bullish or bearish). - Alerts for crossovers (when one line crosses another) and crossunders (when one line falls below another), which provide key entry or exit signals for traders. 4. Customizable Visual Parameters: - The script is designed with flexibility in mind. The user can modify the line styles, thickness, and colors. The ADX is plotted in orange with a thickness of 2, the +DI is plotted in green, and the -DI is plotted in red. These lines’ thicknesses can be customized, ensuring that they remain visible regardless of the timeframe or chart zoom level. - The script also provides options to adjust the dashed line’s color and style (solid, dotted, or dashed), enabling a fully customized charting experience that suits individual preferences. Understanding the Components of the DMI 1. ADX (Average Directional Index): The ADX is a smoothed version of the difference between the +DI and -DI lines, used to measure the strength of a trend. It does not provide any directional indication but simply quantifies whether the trend is strong or weak. - Strength Indicators: A rising ADX indicates a strengthening trend, while a falling ADX signals weakening trend strength. Traders often consider an ADX reading above 25 as an indication of a strong trend, either up or down, and readings below 20 as suggesting a lack of trend or a sideways market. - The ADX is plotted in the script using an orange color, making it easy for traders to distinguish it from the directional lines. 2. +DI (Positive Directional Indicator): The +DI line measures the strength of upward price movement. It rises when the market’s upward movement is stronger than its downward movement. - A rising +DI is a signal that the market is moving in a bullish direction. When +DI crosses above the -DI, it can indicate the start of an uptrend. - The +DI is plotted in green, representing bullish momentum. 3. -DI (Negative Directional Indicator): The -DI line tracks the strength of downward price movement. It rises when the market’s downward movement is stronger than its upward movement. - A rising -DI suggests bearish momentum, and when the -DI crosses above the +DI, it can signal the beginning of a downtrend. - The -DI is plotted in red, symbolizing bearish momentum. Customizable Inputs and Settings This DMI script allows traders to adjust several parameters based on their preferences: - ADX Smoothing (lensig): This setting controls the smoothing of the ADX line, with values ranging from 1 to 50. A larger smoothing value can help reduce noise in the ADX and make trends clearer, while a smaller value reacts more quickly to price changes. - DI Length (len): This input controls the period used for calculating the +DI and -DI lines. A shorter period results in a more sensitive indicator, whereas a longer period produces smoother, more stable signals. - Dashed Line Settings: Traders can choose to show or hide the dashed line and can adjust its level, color, thickness, and style. This customization allows traders to adapt the indicator to their specific strategies and charting preferences. Alerts and Signals With the alert conditions set up in the script, traders can receive notifications when critical events occur, such as: - ADX Crossing Above/Below the Dashed Line: This is typically a signal of an emerging trend. - +DI and -DI Crossovers and Crossunders: These are valuable signals for identifying potential entry and exit points in trending markets. Conclusion This custom DMI Pine Script provides traders with a powerful tool to analyze market trends in real-time. By visualizing the ADX, +DI, and -DI indicators with customizable inputs, this script enables traders to gauge the strength and direction of a trend and make informed decisions about their trading strategies. The ability to set alerts based on specific conditions adds another layer of automation, ensuring that traders never miss an important signal. The script’s flexibility allows it to be adapted for various trading styles and market conditions, making it an invaluable addition to any trader’s toolkit.
Indicatore Pine Script™
di cryptosrocket
Triple Standard Deviation＝＝日本語説明も併記 // Japanese discription is following ＝＝ ■ Momentum Indicator (Triple Indication of Standard Deviation Volatilities) ■ Effective assets: All ■Example of utilization 1) Assume that a trend is generated at the timing when the yellow area chart (26) rises 2) Confirm the candlestick and if the price jumps out of the Bollinger band ± 1 σ, the trend toward that direction 3) If the closing price is confirmed within ± 1σ of the Bollinger band, close the position ■ Detailed explanation Three standard deviation volatilities with different parameters are displayed at the same time. As represented by convergence divergence of Bollinger, it has a characteristic that it rises in the trend generation period and falls during the trend convergence period. It develops color in a rising phase so that trend generation is easy to recognize, and fades in a falling phase. Daily use is basic, but you can use it with the same parameters for other time feet. The basic parameter (26) is displayed in yellow area for the most visibility. The long-term parameter (52) is indicated by a yellow dot as an auxiliary element for judging the rising margin of the basic line. The short-term parameter (13) is displayed as a line as an auxiliary element for recognizing the peak out of the basic line in advance. In some cases, by changing short term (13) to super long term (100) you can recognize the major market price level once in several years. Three periods The phrase "all lines" goes from "low position" to "rising together" is considered the strongest trend. On the other hand, in the case where the short-term line rises backwards as the longer-term line goes down, it tends to end up with short-lived trends and failure to form trends. If the trend speed is constant as a standard feature of calculating the standard deviation, the standard deviation may decrease even during trend continuation. Therefore, it is desirable to make a comprehensive judgment by comparing the shape of candlestick with the longer-term line. Please note that there is no way to judge whether the trend suggested by this index rises or falls from this index, so it is necessary to confirm the main chart. (It is preferable to display parabolic or Bollinger band) ■ Remarks It is an index created assuming that it is used as Triple STD-ADX in combination with Triple Smoothed ADX（to be posted later）. ■ About Triple STD-ADX Triple Standard Deviation "and" Triple Smoothed ADX "are superimposed and displayed as" Screen (without scale) "to function as" Triple STD - ADX ". The method of utilization is the same as Triple Standard Deviation and Triple Smoothed ADX, but by simultaneously displaying two momentum indicators with different calculation approaches with multiple parameters, we aim to mutually complement the cognitive power of trends. STD (13, 26, 52, 100, 200) and ADX (7, 14, 26, 52, 100) correspond to reaction rates respectively. By choosing different reaction rates you can expect to further increase reliability. You can estimate the reliability of the trend most reliably in a situation where all six signals in total rise from low to high. ■Sample: STD-ADX Trade Signal ======================================================== ■ モメンタム指標（標準偏差ボラティリティの3連表示） ■ 有効アセット：すべて ■ 活用の一例 １）黄色のエリアチャート（26）が上昇したタイミングでトレンド発生を想定 ２）ローソク足を確認し、ボリンジャーバンド±1σの外に価格が飛び出している場合はその方向へのトレンドと認識 ３）ボリンジャーバンド±1σ以内で終値が確定した場合にはポジションクローズ ■ 詳細説明 パラメーターの異なる３つの標準偏差ボラティリティを同時に表示します。ボリンジャーの収束発散に代表されるように、トレンド発生期に上昇しトレンド収束期に低下する特性を持ちます。 トレンド発生を認識しやすいように上昇局面で発色し、下降局面で退色します。 活用は日足が基本ですが、他の時間足に対しても同一パラメーターで使用することができます。 基本パラメーター（26）は最も視認しやすいように黄色のエリア表示にしています。 長期パラメーター（52）は基本線の上昇余力を判断するための補助要素として黄色の丸点で表示しています。 短期パラメーター（13）は基本線のピークアウトを先行して認識するための補助要素としてラインで表示にしています。 場合によって、短期(13)を超長期（100）に変更することで数年に一度のレベルの大相場が認識できます。 3期間「全てのライン」が「低い位置」から「揃って上昇」する局面を最も強いトレンドと考えます。 一方、より長期のラインが低下する中、より短期のラインが逆行して上昇するケースでは、短命のトレンドやトレンド形成失敗に終わることが多くなります。 標準偏差の計算上の特徴としてトレンドの速度が一定の場合にトレンド継続中も標準偏差が低下することがあります。そのため、ローソク足の形状とより長期のラインを見比べて総合的に判断することが望ましいです。 なお、本指標が示唆するトレンドが上昇か下降かは本指標からは判断する術はないため、必ずメインチャートを確認する必要があります。（パラボリックやボリンジャーバンドを表示すると好適） ■備考 追って掲載するTriple Smoothed ADXと併用して、Triple STD-ADXとして使用することを想定して作成した指標です。 ■Triple STD-ADXについて 「Triple Standard Deviation」と「Triple Smoothed ADX」を一方を「スクリーン（スケールなし）」として重ねて表示させることで「Triple STD-ADX」として機能します。 活用方法はTriple Standard DeviationやTriple Smoothed ADXと同じですが、算出アプローチの異なる２つのモメンタム指標を複数パラメーターで同時に表示させることで、トレンドの認識力を相互に補完する狙いがあります。 反応速度はそれぞれSTD（13,26,52,100,200)とADX（7,14,26,52,100)がほぼ対応します。 異なる反応速度を選択することで信頼度をさらに高めることを期待できます。 合計6本のシグナル全てが低い位置から揃って上昇する局面でトレンドの信頼性を最も高く見積もることができます。
Indicatore Pine Script™
di Market_wolf
[blackcat] L2 Hann Ehanced DMILevel: 2 Background Among the many indicators, it can be said that DMI is the only "super turning" indicator. This indicator can alone send out risk warning signals when extreme market conditions occur in the stock market, helping us to solve some problems. If we can operate according to the instructions of DMI, firstly, we can avoid the mistake of buying stocks at the head. Secondly, in the process of falling fear of the market, we can follow the direction signal sent by DMI and catch every time on the way down. Opportunity to rebound to unwind. If you look at the diagram of the DMI, you will think it is very complicated, because there are four lines in its diagram, and they are intertwined, and it is difficult to distinguish the complex signals in it. But don't worry about its complex structure, we will fully dissect this indicator. Function These four lines are: PDI, MDI, ADX and ADXR. The scale of the table is from 0-100, which means from very weak to very strong. The PDI curve and MDI curve on some software are called +DI curve and -DI curve , all have the same meaning. PDI: Represents the position of multiple parties in the market. In market movements, the higher the PDI, the stronger the current market. On the contrary, it is a weak market. The A-share market is easy to go to extremes. Therefore, we can see that in the past A-share market, the PDI sometimes fell to near zero, and at this time, it often indicated that a rebound and uptrend was about to start. MDI: Represents the position of the bears in the market. In the market movement, the higher the MDI goes, the weaker the current market is, and vice versa, it is a strong market. Before a big bull market comes, we can see the MDI drop to a position close to zero, and at this time, the bears in the market have no power to fight back. The relationship between PDI and MDI: In the operation of the market, PDI and MDI are intertwined with each other. If the PDI is above the MDI, the market at this time is a strong market. The MDI is above the PDI, which is a bear market. The closer the distance between the two, the market is in a stalemate of consolidation. On the contrary, the further apart the two lines are, the more obvious the unilateral nature of the market is, whether it is a bull market or a bear market. The so-called unilateral market means that there is no midway adjustment when it rises, and there is no rebound correction when it falls. ADX: Fast steering pullback. The difference between ADX and other analysis indicators is that whether it is rising or falling, as long as there is a unilateral market, it runs upwards, not like other indicators, the strong market runs upwards and the weak market runs downwards. The thread is almost entwined with PDI and MDI in general market movement, which makes no sense at this time. However, once the market breaks out of the market and starts to go to extremes, whether the market is rising or falling, ADX will start to run upwards. At this time, ADX has a clear meaning, because DMI has begun to issue early warning of impending turn! ADXR: slow pull back. This line is matched to ADX and is a moving average of ADX values. When ADX goes up, ADXR goes up with it, just slower. When a round of rapid decline ends, it usually needs to be corrected by a rebound, and ADX will take the lead in turning up. Once it crosses with ADXR, it is regarded as an effective breakthrough. Numerical division. I set an input threshold for HEDMI, and users can set the optimal threshold to buy and sell according to different TFs. When PDI crosses the threshold, no matter how strong the bull market is, we must beware of risks from happening at any time. In order to distinguish more clearly, I slightly modified the formula of the system, and when this happens, the indicator will issue a green warning label, so as to avoid risks in time. Comprehensive use of four lines: If the four lines in the steering indicator DMI are intertwined below 50, it usually means that the market is in a state of mild consolidation at this time. The DMI indicator at this time is useless because it does not generate a strong pullback force. Don't worry about an unexpected turnaround in the market. As for the consolidation, it's not a turnaround, it's a breakout. When PDI and MDI gradually separate, at this time, ADX and ADXR will also rise. At this time, the DIM that is usually messy like twine will be clearly separated. When rising, PDI rises along with ADX and ADXR, while MDI sinks weakly. On the contrary, when the market starts to fall, MDI will rise along with ADX and ADXR, and PDI will sink helplessly. At this time, the DMI will be like a "tiger's mouth", gradually opening its bloody mouth. The bigger the opening, the more lethal the bite. Here comes a tactic, or technical trend, called double hooves, that is, PDI and MDI split, ADX and ADXR upward to produce golden forks, PDI and MDI are like the double front hooves of a horse, ADX and ADXR The golden fork is like the rear hooves of a steed ready to take off, and this trend of the four lines is like the four legs of a steed that is about to run. If you think it is too complicated to look at DMI like this, then I can tell you the easiest way to judge, that is, just look at the PDI line. When the PDI line falls below 10, boldly buy the dip, because it is a dip, so you need to calculate the rebound At this time, combined with the golden section theory I often talk about, you can easily find the selling point by making the golden section of the downward trend for the previous trend. This kind of bottom-hunting method uses the golden section theory, and basically there will be no losses. Remember that one thing is not to be greedy and strictly enforce discipline. This is bottom-hunting, and advancing with both hooves is chasing up. The two styles are different, and the operation styles are different. You also need to explore more in actual combat. Any kind of trick, if you practice it proficiently, it is a unique trick. Remark Hanning Window Enhanced DMI Free and Open Source Indicator
Indicatore Pine Script™
di blackcat1402
5
Dynamo ╭━━━╮ ╰╮╭╮┃ ╱┃┃┃┣╮╱╭┳━╮╭━━┳╮╭┳━━╮ ╱┃┃┃┃┃╱┃┃╭╮┫╭╮┃╰╯┃╭╮┃ ╭╯╰╯┃╰━╯┃┃┃┃╭╮┃┃┃┃╰╯┃ ╰━━━┻━╮╭┻╯╰┻╯╰┻┻┻┻━━╯ ╱╱╱╱╭━╯┃ ╱╱╱╱╰━━╯ Overview Dynamo is built to be the Swiss-knife for price-movement & strength detection, it aims to provide a holistic view of the current price across multiple dimensions. This is achieved by combining 3 very specific indicators(RSI, Stochastic & ADX) into a single view. Each of which serve a different purpose, and collectively provide a simple, yet powerful tool to gauge the true nature of price-action. Background Dynamo uses 3 technical analysis tools in conjunction to provide better insights into price movement, they are briefly explained below: Relative Strength Index(RSI) RSI is a popular indicator that is often used to measure the velocity of price change & the intensity of directional moves. RSI computes the relative strength of the current price by comparing the security’s bullish strength versus bearish strength for a given period, i.e. by comparing average gain to average loss. It is a range bound(0-100) variable that generates a bullish reading if average gain is higher, and a bullish reading if average loss is higher. Values over 50 are generally considered bullish & values less than 50 indicate a bearish market. Values over 70 indicate an overbought condition, and values below 30 indicate oversold condition. Stochastic Stochastic is an indicator that aims to measure the momentum in the market, by comparing most recent closing price of the security to its price range for a given period. It is based on the assumption that price tends to close near the recent high in an up trend, and it closes near the recent low during a down trend. It is also range bound(0-100), values over 80 indicate overbought condition and values below 20 indicate oversold condition. Average Directional Index(ADX) ADX is an indicator that can quantify trend strength, it is derived from two underlying indices, known as Directional Movement Index(DMI). +DMI represents strength of the up trend, and -DMI represents strength of the down trend, and ADX is the average of the two. ADX is non-directional or trend-neutral, which means, it does not follow the direction of the price, instead ADX will rise only when there is a strong trend, it does not matter if it’s an up trend or a down trend. Typical ranges of ADX are 25-50 for a strong trend, anything below 25 is considered as no trend or weak trend. ADX can frequently shoot upto higher values, but it generally finds exhaustion levels around the 60-75 range. About the script All these indicators are very powerful tools, but just like any other indicator they have their limitations. Stochastic & ADX can generate false signals in volatile markets, meaning price wouldn’t always follow through with what’s being indicated. ADX may even fail to generate a signal in less volatile markets, simply because it is based on moving averages, it tends to react slower to price changes. RSI can also lose it’s effectiveness when markets are trending strong, as it can stay in the overbought or oversold ranges for an extended period of time. Dynamo aims to provide the trader with a much broader perspective by bringing together these contrasting indicators into a single simplified view. When Stochastic becomes less reliable in highly volatile conditions, one can cross validate their deduction by looking at RSI patterns. When RSI gets stuck in overbought or oversold range, one can refer to ADX to get better picture about the current trend. Similarly, various combinations of rules & setups can be formulated to get a more deterministic view, when working with either of these indicators. There many possible use cases for a tool like this, and it totally depends on how you want to use it. An obvious option is to use it to trigger signals only after it has been confirmed by two or more indicators, for example, RSI & Stochastic make a great combination for cross-over or cross-under strategies. Some of the other options include trend detection, strength detection, reversals or price rejection points, possible duration of a trend, and all of these can very easily be translated into effective entry and exit points for trades. How to use it Dynamo is an easy-to-use tool, just add it to your chart and you’re good to start with your market analysis. Output consists of three overlapping plots, each of which tackle price movement from a slightly different angle. Stochastic:  A momentum indicator that plots the current closing price in relation to the price-range over a given period of time. Can be used to detect the direction of the price movement, potential reversals, or duration of an up/down move. Plotted as grey coloured histograms in the background. Relative Strength Index(RSI): RSI is also a momentum indicator that measures the velocity with which the price changes. Can be used to detect the speed of the price movement, RSI divergences can be a nice way to detect directional changes. Plotted as an aqua coloured line. Average Directional Index(ADX):  ADX is an indicator that is used to measure the strength of the current trend. Can be used to measure how strong the price movement is, both up and down, or to establish long terms trends. Plotted as an orange coloured line. Features Provides a well-rounded view of the market movement by amalgamating some of the best strength indicators, helping traders make better informed decisions with minimal effort. Simplistic plots that aim to convey clean signals, as a result, reducing clutter on the chart, and hopefully in the trader's head too. Combines different types of indicators into a single view, which leads to an optimised use of the precious screen real-estate. Final Note Dynamo is designed to be minimalistic in functionality and in appearance, as it is being built to be a general purpose tool that is not only beginner friendly, but can also be highly-configurable to meet the needs of pro traders. Thresholds & default values for the indicators are only suggestions based on industry standards, they may not be an exact match for all markets & conditions. Hence, it is advisable for the user to test & adjust these values according their securities and trading styles. The chart highlights one of many possible setups using this tool, and it can used to create various types of setups & strategies, but it is also worth noting that the usability & the effectiveness of this tool also depends on the user’s understanding & interpretation of the underlying indicators. Lastly, this tool is only an indicator and should only be perceived that way. It does not guarantee anything, and the user should do their own research before committing to trades based on any indicator.
Indicatore Pine Script™
di sudoMode
4
CHOP Zone Entry Strategy + DMI/PSAR ExitThis is a Strategy with associated visual indicators and Long/Short and Reverse/Close Position Alerts for the Choppiness Index (CHOP) . It is used to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). CHOP is not directional, so a DMI script was ported into this strategy to allow for trend confirmation and direction determination; it consists of an Average Directional Index (ADX) , Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) . In addition, a Parabolic SAR is also included to act as a trailing stop during any strong trends. Development Notes --------------------------- This indicator, and most of the descriptions below, were derived largely from the TradingView reference manual. Feedback and suggestions for improvement are more than welcome, as well are recommended Input settings and best practices for use. www.tradingview.com www.tradingview.com www.tradingview.com Recommend using the below DMI and PSAR indicators in conjunction with this script to fully visualize and understand how entry and exit conditions are chosen. Variable inputs should correlate between the scripts for uniformity and visual compatibility. THANKS to LazyBear and his Momentum Squeeze script for helping me quickly develop a momentum state model for coloring the Chop line by trend. Strategy Description --------------------------- CHOP produces values that determine whether the market is choppy or trending . The closer the value is to 100 , the higher the choppiness levels , while the closer it is to 0 , the stronger the market is trending . Territories for both levels, and their associated upper and lower thresholds, are popularly defined using the Fibonacci Retracements, 61.8 and 38.2. Basic Use --------------------------- CHOP is often used to confirm the market condition to help you stay out of sideways markets and only enter when there is movement or imminent explosions. When readings are above the upper threshold, continued sideways movement may be expected, while readings below the lower threshold are typically indicative of a continuing trend. It is also used to anticipate upcoming trendiness changes, with the general belief that extended periods of consolidation (sideways movement) are followed by extended periods of strong, trending, directional movement, and vice versa. One limitation in this index is that you must be cautious in deciding whether the range or trend will likely continue, or if it will reverse. Confidence in price action and trend is higher when two or more indicators are in agreement -- while this strategy combines CHOP with both DMI and PSAR, we would still recommend pairing with other indicators to determine entry or exit trade opportunities. Recommend also choosing 'Once Per Bar Close' when creating alerts. Inputs --------------------------- Strategy Direction - an option to only trade Short, Long, Both, or only in the direction of the Trend (Follow Trend is the Default). Sensitivity - an incremental variable to test whether the past n candles are in the same trend state before triggering a delayed long or short alert (1 is the Default). Can help filter out noise and reduces active alerts. Show Chop Index - two visual styles are provided for user preference, a visible Chop line with a background overlay, or a compact column and label only view. Chop Lookback Period - the time period to be used in calculating CHOP (14 is the Default). Chop Offset - changing this number will move the CHOP either forwards or backwards relative to the current market (0 is the Default). Smooth Chop Line and Length - if enabled, the entered time period will be used in calculating a smooth average of the index (Enabled and 4 are the Defaults). Color Line to Trend Direction - toggles whether the index line is colored to visually depict the current trend direction (Enabled is the Default). Color Background - toggles the visibility of a background color based on the index state (Enabled is the Default). Enable DMI Option - if enabled, then entry will be confirmed by and dependent on the ADX Key Level, with any close or reversal confirmed by both ADX and +/-DI to determine whether there is a strong trend present or not (Enabled is the Default). ADX Smoothing - the time period to be used in calculating the ADX which has a smoothing component (14 is the Default). DI Length - the time period to be used in calculating the DI (14 is the Default). ADX Key Level - any trade with the ADX above the key level is a strong indicator that it is trending (23 to 25 is the suggested setting). Enable PSAR Option - enables trailing stop loss orders (Enabled is the Default). PSAR Start - the starting value for the Acceleration Force (0.015 is our chosen Default, 0.02 is more common). PSAR Increment - the increment in which the Acceleration Force will move (0.001 is our chosen Default, 0.02 is more common). PSAR Max Value - the maximum value of the Acceleration Factor (0.2 is the Default). Color Candles Option - an option to transpose the CHOP condition levels to the main candle bars. Note that the outer red and green border will still be distinguished by whether each individual candle is bearish or bullish during the specified timeframe. Note too that if both DMI and PSAR are deselected, then close determinations will default to a CHOP reversal strategy (e.g., close long when below 38.2 and close short when above 61.8). Though if either DMI or PSAR are enabled, then the CHOP reversal for close determination will automatically be disabled. Indicator Visuals --------------------------- For the candle colors, black indicates tight chop (45 to 55), yellow is loose chop (38.2 to 45 and 55 to 61.8), dark purple is trending down (< 38.2), and dark blue is trending up (> 61.8). The background color has additional shades to differentiate a wider range of more levels… • < 30 is dark purple • 30 to 38.2 is purple • 38.2 to 45 is light purple • 45 to 55 is black • 55 to 61.8 is light blue • 61.8 to 70 is blue • > 70 is dark blue Long, Short, Close, and Reverse labels are plotted on the Chop line, which itself can be colored based on the trend. The chop line can also be hidden for a clean and compact, columnar view, which is my preferred option (see example image below). Visual cues are intended to improve analysis and decrease interpretation time during trading, as well as to aid in understanding the purpose of this strategy and how its inclusion can benefit a comprehensive trading plan. DMI and Trend Strength --------------------------- To analyze trend strength, the focus should be on the ADX line and not the +DI or -DI lines.  An ADX reading above 25 indicates a strong trend , while a reading below 20 indicates a weak or non-existent trend .  A reading between those two values would be considered indeterminable. Though what is truly a strong trend or a weak trend depends on the financial instrument being examined; historical analysis can assist in determining appropriate values. DMI exits trade when ADX is below the user selected key level (e.g., default is 25) and when the +/- DI lines cross (e.g., -DI > +DI exits long position and +DI > -DI exits short position). PSAR and Trailing Stop --------------------------- PSAR is a time and price based indicator that excels at measuring direction and duration, though not the actual strength of a trend, which is why we use this in conjunction with DMI. It is also included in this script as a trailing stop option to maximize gains during strong trends and to mitigate any false ADX strengthening signals. This creates a parabola that is located below the candle during a Bullish trend and above during a Bearish trend. A buy or reversal is signaled when the price crosses above or below the Parabolic SAR. Long/Short Entry --------------------------- 1. CHOP must be over 61.8 (long) or under 38.2 (short). 2. If DMI is enabled, then the ADX signal line must be above the user selected Key Level (default is 25). 3. If Sensitivity is selected, then that past candle must meet the criteria in step 1, as well as all the intermediate candles in between. 4. If "Follow Trend" is selected and PSAR is enabled, then a long position can only open when the momentum and PSAR are in an uptrend, or short when both are in a downtrend, to include all intermediate candles if the Sensitivity option is set on a past candle. Close/Reverse --------------------------- 1. If DMI is enabled, then a close flag will be raised when the ADX signal drops below the Key Level (of 25), and -DI crosses over +DI (if long), or +DI crosses over -DI (if short). 2. If PSAR is enabled, then a close flag will be raised when the current trend state is opposite the last state. 3. If both DMI and PSAR are disabled, then a close flag will be raised if the Chop line drops under 38.2 (if long) or goes over 61.8 (if short). 4. If a Long or Short Entry is triggered on the same candle as any of the above close flags, then the position will be reversed, else the position will be closed. Strategy Alerts --------------------------- 1. Long Entry 2. Short Entry 3. Reverse 4. Close The provided backtest result is based on a position sizing of 10% equity with 100k initial capital. When testing SPX, disabling the DMI performed the best, but EURUSD performed poorly without it enabled, and TSLA had a small reduction in net profit. Timeframe likewise differed between commodities with TSLA performing best at 30M, SPX at 15M, and EURUSD at 4H. I do not plan on using this as a standalone strategy, but I also was expecting better results with the inclusion of EMI and PSAR to compliment the CHOP. Key elements of this script will likely be included in future, more holistic strategies. Disclaimer --------------------------- Past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script are not intended to provide any financial advice. Trade at your own risk. No known repainting, though there may be if an offset is introduced in the Inputs. I did my best not to code any other variables that repaint, but cannot fully attest to this fact.
Strategia Pine Script™
di IronCasper
4
GC Strategy with Trend Filter and Sudden Move Profit TakingBYBIT:BTCUSDT.P 　15M Situation Assessment with Three Moving Averages The strategy uses the crossover of the 5SMA and 25SMA as entry signals. Additionally, the 75SMA is used as a filter. Long entries are only allowed when the price is above the 75SMA, and short entries are only allowed when the price is below the 75SMA. ADX Filter The Average Directional Index (ADX) is used to check the strength of the trend. Entry signals are only activated when the ADX is above 20. This ensures that trades are only executed when the trend is strong. Sudden Move Detection The strategy detects sudden price movements. If a sudden move occurs, the position is closed to lock in profits. Entry Long Entry: When the 5SMA crosses above the 25SMA, the price is above the 75SMA, and the ADX is above 20. Short Entry: When the 5SMA crosses below the 25SMA, the price is below the 75SMA, and the ADX is above 20. Exit Positions are closed if a sudden move occurs. Positions are also closed if an opposing entry signal is generated. This strategy aims to confirm the strength of the trend using moving average crossovers and ADX and to lock in profits based on sudden price movements. ３本の移動平均線による状況判断 5SMAと25SMA のクロスオーバーをエントリーシグナルとして使用します。 さらに、75SMAをフィルターとして使用し、価格が75SMAの上にある場合のみロングエントリーを許可し、75SMAの下にある場合のみショートエントリーを許可します。 ADXフィルター ADX（平均方向性指数）を使ってトレンドの強さを確認します。 ADXが20より大きい場合のみ、エントリーシグナルを有効にします。これにより、トレンドが強い時にのみ取引を行うことができます。 急激な変動検知 価格の急激な変動を検出します。 急激な変動があった場合には、ポジションをクローズして利益を確定します。 エントリー ロングエントリー 5SMAが25SMAを上にクロスし、価格が75SMAの上にあり、ADXが20を超えているとき。 ショートエントリー 5SMAが25SMAを下にクロスし、価格が75SMAの下にあり、ADXが20を超えているとき。 エグジット 急激な変動があった場合、ポジションをクローズします。 反対のエントリーシグナルが発生した場合にも、ポジションをクローズします。 このストラテジーは、移動平均のクロスオーバーとADXを使ってトレンドの強さを確認し、急激な変動に基づいて利益を確定することを目的としています。
Strategia Pine Script™
di KAISEI_4649
Trend Type Indicator by BobRivera990Usage: The purpose of this indicator is to programmatically determine the type of price trend using technical analysis tools. You can do a quick check on the asset’s higher and lower time frames. For example, if you are trading on an H1 chart, you can check the m5 chart to ensure that the trend is in the same direction and similarly check the H4 chart to ensure that the higher time frame price is also moving in the same direction. If multiple time frame charts confirm a similar trend, then it is considered a very strong trend and ideal for Trend trading. Remarks: By default, the last status is related to 8 periods before the latest closing price. Related definitions: The three basic types of trends are up, down, and sideways. 1. Uptrend An uptrend describes the price movement of a financial asset when the overall direction is upward. The uptrend is composed of higher swing lows and higher swing highs. Some market participants ("long" trend traders) only choose to trade during uptrends. 2. Downtrend A downtrend refers to the price action of a security that moves lower in price as it fluctuates over time. The downtrend is composed of lower swing lows and lower swing highs. 3. Sideways A sideways trend is the horizontal price movement that occurs when the forces of supply and demand are nearly equal. This typically occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. How it works: Step 1: Sideways Trend Detection In this step we want to distinguish the sideways trend from uptrend and downtrend. For this purpose, we use two common technical analysis tools: ATR and ADX 1. Average True Range (ATR) The average true range (ATR) is a technical analysis indicator that measures market volatility. We also use a 20-period moving average of the ATR. When the ATR is below the average of its last 20-periods, it means that the rate of price volatility has decreased and we conclude that the current trend is sideways 2. Average Directional Index (ADX) The average directional index (ADX) is a technical analysis indicator used by some traders to determine the strength of a trend. The trend has strength when ADX is above 25. So when the ADX is less than or equal to 25, there is no strong trend, and we conclude that the current type of trend is sideways. Step 2: Detect uptrend from downtrend If it turns out that the current price trend is not sideways, then it is either uptrend or downtrend. For this purpose, we use plus and minus directional Indicators (+ DI & -DI). A general interpretation would be that during a strong trend, when +DI is higher than -DI, it is an uptrend. When -DI is higher than +DI, it is a downtrend. Parameters: "Use ATR …" ________________________// Use Average True Range (ATR) to detect Sideways Movements "ATR Length"_______________________ // length of the Average True Range (ATR) used to detect Sideways Movements "ATR Moving Average Type" ___________// Type of the moving average of the ATR used to detect Sideways Movements "ATR MA Length" ____________________// length of the moving average of the ATR used to detect Sideways Movements "Use ADX ..."_______________________ // Use Average Directional Index (ADX) to detect Sideways Movements "ADX Smoothing”____________________// length of the Average Directional Index (ADX) used to detect Sideways Movements "DI Length"_________________________// length of the Plus and Minus Directional Indicators (+DI & -DI) used to determine the direction of the trend "ADX Limit" ________________________// A level of ADX used as the boundary between Trend Market and Sideways Market "Smoothing Factor"__________________// Factor used for smoothing the oscillator "Lag"______________________________// lag used to match indicator and chart Resources: www.investopedia.com
Indicatore Pine Script™
di BobRivera990
131
DMI Delta by 0xjcfOverview This indicator integrates the Directional Movement Index (DMI), Average Directional Index (ADX), and volume analysis into an Oscillator designed to help traders identify divergence-based trading signals. Unlike typical volume or momentum indicators, this combination provides insight into directional momentum and volume intensity, allowing traders to make well-informed decisions based on multiple facets of market behavior. Purpose and How Components Work Together By combining DMI and ADX with volume analysis, this indicator helps traders detect when momentum diverges from price action—a common precursor to potential reversals or significant moves. The ADX filter enhances this by distinguishing trending from range-bound conditions, while volume analysis highlights moments of extreme sentiment, such as solid buying or selling. Together, these elements provide traders with a comprehensive view of market strength, directional bias, and volume surges, which help filter out weaker signals. Key Features DMI Delta and Oscillator: The DMI indicator measures directional movement by comparing DI+ and DI- values. This difference (DMI Delta) is calculated and displayed as a histogram, visualizing changes in directional bias. When combined with ADX filtering, this histogram helps traders gauge the strength of momentum and spot directional shifts early. For instance, a rising histogram in a bearish price trend might signal a potential bullish reversal. Volume Analysis with Extremes: Volume is monitored to reveal when market participation is unusually high, using a customizable multiplier to highlight significant volume spikes. These extreme levels are color-coded directly on the histogram, providing visual cues on whether buying or selling interest is particularly strong. Volume analysis adds depth to the directional insights from DMI, allowing traders to differentiate between regular and powerful moves. ADX Trending Filter: The ADX component filters trends by measuring the overall strength of a price move, with a default threshold of 25. When ADX is above this level, it suggests that the market is trending strongly, making the DMI Delta readings more reliable. Below this threshold, the market is likely range-bound, cautioning traders that signals might not have as much follow-through. Using the Indicator in Divergence Strategies This indicator excels in divergence strategies by highlighting moments when price action diverges from directional momentum. Here’s how it aids in decision-making: Bullish Divergence: If the price is falling to new lows while the DMI Delta histogram rises, it can indicate weakening bearish momentum and signal a potential price reversal to the upside. Bearish Divergence: Conversely, if prices are climbing but the DMI Delta histogram falls, it may point to waning bullish momentum, suggesting a bearish reversal. Visual Cues and Customization The color-coded output enhances usability: Bright Green/Red: Extreme volume with strong bullish or bearish signals, often at points of high potential for trend continuation or reversal. Green/Red Shades: These shades reflect trending conditions (bullish or bearish) based on ADX, factoring in volume. Green signals a bullish trend, and red is a bearish trend. Blue/Orange Shades: Indicates non-trending or weaker conditions, suggesting a more cautious approach in range-bound markets. Customizable for Diverse Trading Styles This indicator allows users to adjust settings like the ADX threshold and volume multiplier to optimize performance for various timeframes and strategies. Whether a trader prefers swing trading or intraday scalping, these parameters enable fine-tuning to enhance signal reliability across different market contexts. Practical Usage Tips Entry and Exit Signals: Use this indicator in conjunction with price action. Divergences between the price and DMI Delta histogram can reinforce entry or exit decisions. Adjust Thresholds: Based on backtesting, customize the ADX Trending Threshold and Volume Multiplier to ensure optimal performance on different timeframes or trading styles. In summary, this indicator is tailored for traders seeking a multi-dimensional approach to market analysis. It blends momentum, trend strength, and volume insights to support divergence-based strategies, helping traders confidently make informed decisions. Remember to validate signals through backtesting and use it alongside price action for the best results.
Indicatore Pine Script™
di J_O_S_E_
1
Previous Day High Low Strategy only for LongWelcome to the "Previous Day High Low Strategy only for Long"!. This strategy aims to identify potential long trading opportunities based on the previous day's high and low prices, along with certain market strength conditions. Key Features: Entry Conditions: The strategy triggers a long position when the current day's closing price crosses above the previous day's high or low. Market Strength Filter: The strategy incorporates a market strength filter using the Average Directional Index (ADX). It only takes long positions when the ADX value is above a specific threshold and when there is a predominance of upward movement. Trade Timing: The strategy operates within a specified trade window, starting at 09:30 and ending at 15:10. Positions are closed at 15:15 if still active. Risk Management: The strategy employs dynamic stop-loss and profit-taking levels based on a user-defined Max Profit value. It has three profit targets (T1, T2, T3) and a stop-loss level to manage risk effectively. Rules: Ensure that the strategy idea is clearly understandable. Provide an easy-to-read title and a thoughtful description explaining the reasoning behind the strategy. All content should be ad-free. Avoid any form of promotion, advertising, or solicitation. No fundraising requests or money solicitation is allowed on TradingView. Publish in the same language as the TradingView subdomain you're on, except for script titles, which must be in English. Don't plagiarize. Create and share only unique content, and always give credit when using someone else's work. Be respectful, kind, and constructive when engaging with others. Zero tolerance for contentious political discourse, defamatory, threatening, or discriminatory remarks. Avoid sharing harmful, misleading, or inappropriate content. Respect the moderators' work and address complaints privately. Use only your original account and avoid creating duplicate or fake accounts. Do not attempt to manipulate the reputation system or engage in like-for-like schemes. Explanation of how the strategy works 1. Previous Day's High and Low (HH, LL): In this strategy, we start by obtaining the high and low prices of the previous day (not the current day) using the request.security function. This function allows us to access historical data for a specific time frame. The high and low prices are stored in the variables HH and LL, respectively. 2. Entry Conditions: The strategy uses two conditions to trigger a long position: Condition 1 (Long Condition 1): If the closing price of the current day crosses above the previous day's high (HH), it generates a long signal. This is achieved using the ta.crossover function, which detects when a crossover occurs. Condition 2 (Long Condition 2): Similarly, if the closing price of the current day crosses above the previous day's low (LL), it also generates a long signal. Combined Condition: To take long positions, the strategy combines both long conditions using the logical OR operator (or). This means that if either of the two conditions is met, a long position will be initiated. 3. Market Strength Filter: The strategy also includes a filter based on the Average Directional Index (ADX) to gauge the market's strength before taking long positions. The ADX measures the strength of a trend in the market. The higher the ADX value, the stronger the trend. Calculation of ADX: The ADX is calculated using the adx function, which takes two parameters: LWdilength (DMI Length) and LWadxlength (ADX period). Strength Condition (strength_up): The strategy requires that the ADX value should be above a threshold (11 in this case) and that there is a predominance of upward movement (up > down) before initiating a long position. The LWADX value is multiplied by 2.5 and compared to the highest value of LWADX from the last 4 periods using ta.highest(LWADX , 4). If these conditions are met, the variable strength_up is set to true. Combined Condition: The strength_up condition is then combined with the long conditions using the logical AND operator (and). This means that the strategy will only take a long position if both the long conditions and the market strength condition are met. 4. Trade Timing: The strategy sets a specific trade window between 09:30 and 15:10. It will only execute trades within this time frame (TradeTime). 5. Risk Management: The strategy implements dynamic stop-loss (SL) and profit-taking levels (T1, T2, T3) based on a user-defined Max Profit value. The stop-loss is set as a percentage of the Max Profit value. As the position moves in favor of the trader, the profit targets are adjusted accordingly. 6. Position Management: The strategy uses the strategy.entry function to enter long positions based on the combined entry conditions. Once a position is open, the script uses strategy.exit to define the exit condition when either the profit target or stop-loss level is hit. The strategy.close function is used to close any open position at the end of the trade window (15:15). 7. Plotting: The strategy uses the plot function to visualize the previous day's high and low prices, as well as the stop-loss (SL) and profit-taking (T1, T2, T3) levels on the chart. Overall, the "Previous Day High Low Strategy only for Long" aims to identify potential long trading opportunities based on the previous day's price action and market strength conditions. However, as with any trading strategy, it's essential to thoroughly test it and consider risk management before applying it to real-world trading scenarios. Disclaimer: The information presented by this strategy is for educational purposes only and should not be considered as investment advice. The strategy is not designed for qualified investors. Always conduct your own research and consult with a financial advisor before making any trading decisions. Remember, the success of any trading strategy depends on various factors, including market conditions, risk management, and individual trading skills. Past performance is not indicative of future results.
Strategia Pine Script™
di mangeshabhang19