Pivot Points [SMRT Algo]Pivot Points is a free, innovative indicator designed to automatically detect and highlight key turning points on your TradingView charts through advanced candlestick pattern analysis. This indicator is perfect for traders seeking clear visual signals for potential trend reversals.
How It Works:
Candlestick Pattern Analysis: The indicator continuously scans for specific candlestick formations. It identifies a potential high pivot when a bullish candle (where the close is higher than the open) is immediately followed by a bearish candle (where the close is lower than the open). Conversely, a potential low pivot is detected when a bearish candle is followed by a bullish candle.
Boxing the Price Range: Once a potential pivot is identified, the algorithm draws a box around the corresponding price range. This box captures the area where the price action is concentrated, serving as a zone of interest for the pivot.
Confirmation of Major Pivots: The initial detection marks what we call a "minor pivot" with a temporary yellow box. The indicator then waits for subsequent price action. If the price fails to break out of this box—meaning it remains confined within the defined boundaries—the pivot is confirmed as a major pivot. At this stage, the yellow box changes color to green (or red, depending on whether it’s a high or low pivot), clearly marking the confirmed turning point.
Pivot Sequence: The progression follows a clear sequence: Minor Pivot ➔ Yellow Box ➔ Major Pivot. This step-by-step visual guide helps traders quickly interpret the strength and significance of the pivot.
Inputs:
Show Labels: An input option allows you to toggle pivot labels on or off, so you can choose whether to display descriptive labels directly on your chart.
Adjustable Colors: The colors of the pivot points—including the green and red boxes—are fully customizable via the input settings. This ensures that you can tailor the visual appearance of the indicator to match your personal charting style or trading strategy.
Enhancing Entry and Exit Strategies
Entry Points: Look to enter a trade when the indicator confirms a pivot (after the box changes color). A confirmed pivot could indicate that a reversal is underway, giving you a potential entry signal.
Exit Points & Stop Losses: Use the boundaries of the pivot box to set stop losses. For example, if you’re in a long trade and the price approaches a confirmed resistance pivot, consider this a signal to tighten stops or exit, as the trend may reverse.
Confluence with Other Indicators: Combine the pivot point signals with other tools like RSI, MACD, or volume indicators. If multiple signals point to a reversal at the same pivot, it strengthens your confidence in the trade decision.
Trading Strategy Applications
Reversal Trading: Use confirmed pivot points as indicators for potential reversals. Enter trades when the price action validates the pivot point, anticipating that the market is turning.
Range Trading: When the price oscillates within a defined pivot box, you can use the top and bottom of the box as potential boundaries for a range-trading strategy.
Breakout Trading: Conversely, if the price breaks out of a pivot box, this may signal the start of a new trend. You can use this breakout as a trigger for entering a position in the direction of the breakout.
The indicator highlights potential reversal zones with clearly marked boxes and labels, making it easier to spot key turning points and manage trades effectively.
Pivot Points removes the guesswork by automatically scanning for and confirming pivot points based on rigorous candlestick analysis.
Whether you're a day trader or a swing trader, Pivot Points provides actionable insights into market dynamics, helping you to better time entries and exits.
Cerca negli script per "algo"
Ichimoku Score Indicator [tanayroy]The Ichimoku Cloud is a comprehensive indicator that provides a clear view of market states through five key components. By analyzing the interaction between these components and the asset's price, traders can gain insights into trend direction, momentum, and potential reversals.
Introducing the Ichimoku Score System
I have developed a scoring system that quantifies these interactions, offering an objective method to evaluate market conditions. The score is calculated based on the relative positioning of Ichimoku components, with adjustable weightings via user input.
Scoring Criteria
Each component contributes to the overall score as follows:
Price vs. Cloud (Kumo) & Other Components
Price vs. Kumo → 2 Points
Price vs. Kumo Shadow → 0.5 Points
Tenkan vs. Kijun
Tenkan vs. Kijun → 2 Points
Tenkan vs. Kumo → 0.5 Points
Kijun vs. Kumo → 0.5 Points
Tenkan Slope → 0.5 Points
Kijun Slope → 0.5 Points
Chikou Span Interactions
Price vs. Chikou → 2 Points
Chikou vs. Kumo → 0.5 Points
Chikou Consolidation → 0.5 Points
Senkou Span Analysis
Senkou A vs. Senkou B → 2 Points
Senkou Slope → 0.5 Points
Price vs. Key Levels
Price vs. Tenkan → 2 Points
Price vs. Kijun → 2 Points
Interpreting the Score
The aggregate score functions as an oscillator, fluctuating between a range of ±16.0.
A higher score indicates strong bullish momentum.
A lower score suggests bearish market conditions.
To enhance readability and smooth fluctuations, a 9-period SMA is applied to the score.
Application in Algorithmic Trading
This scoring system helps integrate Ichimoku Cloud principles into algorithmic trading strategies by providing a structured and quantifiable method for assessing market conditions.
Would love to hear your feedback! 🚀 Let me know how this system works for you.
ICT Algorithmic Macro Tracker° (Open-Source) by toodegreesDescription:
The ICT Algorithmic Macro Tracker° Indicator is a powerful tool designed to enhance your trading experience by clearly and efficiently plotting the known ICT Macro Times on your chart.
Based on the teachings of the Inner Circle Trader , these Time windows correspond to periods when the Interbank Price Delivery Algorithm undergoes a series of checks ( Macros ) and is probable to move towards Liquidity.
The indicator allows traders to visualize and analyze these crucial moments in NY Time:
- 2:33-3:00
- 4:03-4:30
- 8:50-9:10
- 9:50-10:10
- 10:50-11:10
- 11:50-12:10
- 13:10-13:50
- 15:15-15:45
By providing a clean and clutter-free representation of ICT Macros, this indicator empowers traders to make more informed decisions, optimize and build their strategies based on Time.
Massive shoutout to @reastruth for his ICT Macros Indicator , and for allowing to create one of my own, go check him out!
Indicator Features:
– Track ongoing ICT Macros to aid your Live analysis.
- Gain valuable insights by hovering over the plotted ICT Macros to reveal tooltips with interval information.
– Plot the ICT Macros in one of two ways:
"On Chart": visualize ICT Macro timeframes directly on your chart, with automatic adjustments as Price moves.
Pro Tip: toggle Projections to see exactly where Macros begin and end without difficulty.
"New Pane": move the indicator two a New Pane to see both Live and Upcoming Macro events with ease in a dedicated section
Pro Tip: this section can be collapsed by double-clicking on the main chart, allowing for seamless trading preparation.
This indicator is available only on the TradingView platform.
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Level 1 - Learn to code simply - PineScriptThe goal of this script is honestly to help everyone learn about trading with bots and algos.
At least, to get started.
Level 1:
10 lines of code.
learn to plot 2 moving averages on your chart.
learn to create a signal from a crossover.
learn the very basics of Pine Script algo.
RockIt Algo Profit Track X (Add-on to RockIT Algo)The RockIT Algo Profit / Loss Tracker is an add-on for the RockIT Algo Indicator. It provides the profit / loss realized for each buy or sell signal. This way you can visually view the performance and make profitable decisions.
The RockIT Algo Indicator is designed to generate buy (Long) / sell (Short) signals & is developed using statistical analysis & forecasting techniques. The algorithm takes into consideration different dynamic variables of short, medium and long term price actions and high probability patterns to project future direction. It is suited for all types of trading and can be used for any stocks, forex pairs and crypto.
Disclaimer
TheStreetATM is not registered as financial or investment advisors. You take the responsibility of making the final decision based on the tools, education and information we provide. Trading stocks can lead to very large losses, and we strongly recommend to consult any registered financial advisor before making any decision based on information provided by “RockIT” Algo®. Thank you. We strongly advice to paper trade before making real trading decisions.
RockIT Algo XThe RockIT Algo Indicator is designed to generate buy (Long) / sell (Short) signals & is developed using statistical analysis & forecasting techniques. The algorithm takes into consideration different dynamic variables of short, medium and long term price actions and high probability patterns to project future direction. It is suited for all types of trading and can be used for any stocks, forex pairs and crypto.
Disclaimer
TheStreetATM is not registered as financial or investment advisors. You take the responsibility of making the final decision based on the tools, education and information we provide. Trading stocks can lead to very large losses, and we strongly recommend to consult any registered financial advisor before making any decision based on information provided by “RockIT” Algo®. Thank you. We strongly advice to paper trade before making real trading decisions.
Trendorithm PrimeTrendorithm Prime is a toolkit made up of several different innovative indicators, designed by our team of developers. Get access now and create your own, unique trading strategies using our - all in one algorithm.
Our algorithm works in any market and focuses on finding the direction of the trends and remove noise from the price, for smooth understanding of the market.
Extra Confirmation
Using binomial distribution, the past values are processed to interpret the direction of trend.
After that, the signals are triggered based the volatility of the market,which is derived from the averages of candle size. All of these signals were optimised for each timeframe using timeframe multiplier.
Setting a lesser value on quotient adjusts the lookback length and volatility conditions, thus producing more number of signals that supports scalping trades. Higher the number in quotient, the frequency of trades reduce which helps the trader to hold trades for longer time.
Our Confirmation Signals helps to analyze the direction of trends for all markets and all timeframes, it boosts Trader’s confidence prior taking trades.
We made our Confirmation Signals flexible in order to suit any kind of trading style.
By adjusting the Quotient value in the settings, Traders can control the frequency of signals generated easily.
The Confirmation Signals includes a special type of signal called "Prime" which includes candle coloring to see the strength of the trend.
Our Candle-system is designed in 3 different colorings.
Green ( Bullish )
Red ( Bearish )
Purple (possible reversal or the possible formation of a new trend)
Trendo Cloud
The power of moving averages is always ultimate. This cloud made up of multiple moving averages acts as a dynamic support and resistance. The color and width of the cloud is used to find potential entry and exit points for trades.
Trend Catcher and Trend Chaser
The trend catcher is a trend-following indicator moves close to the price that aims to estimate the recent trend of price. It indicates green in uptrend and red in case of a downtrend.
The trend chaser is similar to the previous Trend Catcher, but it aims to chase long-term trends.
They are specially calculated from the highs and lows of price. Acts as a filter for confirmation signals and provides clarity for the direction of trend.
All of these functionalities tend to help users understand the market conditions as trending or ranging.
If you are using this script, you acknowledge that past performances are not indicative of future results and that there are a lot of factors required that go into being a profitable trader.
You can see the Author’s instructions below to get access to this prime indicator.
Pivot Points AlgoThis is a Pivot Points Algo (PPA).
PPA uses an adaptive pivot algorithm that adapts to different market situations based on various factors.
PPA also includes depth filtering to make it more precise at its signal decision.
======= Signal Types ======
Main Signal of BUY and SELL shown by buy/sell labels.
Mini Signals of BUY and SELL shown by buy/sell arrows and shows additional breakouts after the Main Signal occurred.
Optional reversal signals show a possible reversal in trend (small triangle).
======= Alerts =======
Main Signals alerts - Alerts when a main Buy or Sell is triggered (Shown as Labels).
Combo Alerts - Alerts when main or mini signals of Buy and Sell are triggered (Shown as Arrows).
======= Assets and Time frames =======
Can be used on various assets, stocks, forex, crypto and works great for day trading as well as swing trading and long term investing.
PPA is designed to adjust to any time frame!
======= General info =======
The purpose of this indicator is to signal possible breakouts with a high rate of success.
PPA has been extensively tested and fine tuned to provide traders and investors with a valuable tool for timing long and short entries. However, no system is 100% perfect, and it is good practice to have a plan in place and use stop losses or other tools to mitigate unforeseen risk.
Also, note, I don't hide what PPA is doing as opposed to some other commercial indicators on the market. You can view pivot lines and pivot bands and so on.
The magic is the inner system itself which works for you to pinpoint the best entrance possible, I recommend confirming your own methods to make sure you want to take the trade.
To subscribe to Pivot Points Algo service see “Author's instructions” below.
For any question you can PM me.
Happy and profitable trading!
function: Array DownsamplingA low cost function to down sample a array.
specially useful for pattern recognition algorithms.
Bitcoin: Top & Bottom Mini-AlgoHere we have a mini-algorithm that tries to show absolute 4-year-cycle top and bottom zones for the case of the BraveNewCoin Liquid Index (BLX) for Bitcoin on the weekly (W) timeframe by using several oscillators as RSI, VPCI etc. employed with a custom logic. When the background gets red we might be near to a cycle peak, and when it gets green we might be near to the absolute bottom of the current cycle. Note that only absolute top/bottoms are indicated (at least since the end of 2013), so that the current strong drop in March 2020 was correctly not tagged, as it wasn't the lowest price of the current cycle.
It is best to combine this mini-algorithm with some of my boundary indicators for BLX, e.g. "Bitcoin: Price Action Integrals", for confluence . For the next peak one could then watch for the mini-algo to go red and for the price to hit the boundary. You can change the background transparency if you like to have this indicator be more unobstrusive on the chart.
For access please contact me via DM on TradingView or on Twitter (linked on my TradingView profile and my signature).
Aggressive Buy/Sell AlgoBacktested, high percentage gains aggressive indicator/algo.
Version 1.
I recommend using this script to form your bias for your selected timeframe.
If you are trading solely based off the indicator, each Buy/Sell signal is not an indication to close a previous position.
For example, if you open a position because of a recent sell signal you do not have to close it on the next buy signal.
If you are running an algo however, it is personal preference.
Self-Adjusting Parabolic SARWhat is this tool?
This is an implementation of the well-known Parabolic SAR indicator that can adjust parameters on the fly to achieve a better profitability.
The algorithm was borrowed from Profitable Parabolic SAR and connected to the basic Parabolic SAR implementation. So, now it will switch parameters automatically without any manual work required.
Profitable Parabolic SAR indicator can be found here:
Parabolic SAR indicator can be found here:
Self-Adjusting SuperTrendWhat is this tool?
This is an implementation of the well-known SuperTrend indicator that can adjust parameters on the fly to achieve a better profitability.
The algorithm was borrowed from Profitable SuperTrend and connected to the basic SuperTrend implementation. So, now it will switch parameters automatically without any manual work required.
Alerts
The same alerts as for the basic SuperTrend + special alert to notify user about parameters switching.
Profitable SuperTrend indicator can be found here:
SuperTrend indicator can be found here:
Good luck!
BSTtrend (and a quick note on trading psychology)Hi again :)
Script #2 for tonight, more to come :)
This one is a Pine transcription of a FXCM/LUA script called BSTrend
I used it years ago to trade index on very low timeframes with it. I'm always looking for oscillators that are more reactive than the traditional MACD. And even more reactive than the MACD Zero Lag
This is a proof of concept that Pinescript is my favorite trading programming language vs MT4/LUA/PRT. I just find it easier and the Pinescript community is helping a lot
With the BSTrend you can win but also lose. I see a lot of scripts out there but there is not a better or worst indicator. The key is HOW to use it.
In other words the key is your PSYCHOLOGY, without a rock-solid psychology, you'll end up committing a mistake even with G. himself whispering "BUY NOW", "SELL NOW" to your ears. (wait..... Do you mean this is happening only to me ????)
However, indicators help immensely in reducing the psychology pressure that we have to endure ... sometimes for days..... But better not to overcharge with dozens of indicators per chart and have a tool to detect whenever there is a confluence/convergence of your favorite indicators :) #algorithm #builder
I'll publish an educational post about next week
Those are the exact words that my mentor traders told me 6 years ago when I started trading
PS
____________________________________________________________
Be sure to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future.
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Double Top Pattern IdentifierI believe the most of users know the Double Top Pattern, so I omit the introduction.
The algorithm uses 10 internal watchers to identify the incomplete M-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two possible tops.
By default, all watchers wait for bar closing to avoid repainting issues. You can switch off this option.
Additionally, you can shift up/down the signal labels to the preferred distance.
NOTE: the orange straight lines are not included.
Double Bottom Pattern IdentifierI think everybody knows the Double Bottom Pattern, so I omit the introduction.
The algorithm uses 8 internal watchers to identify the incomplete W-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two possible bottoms.
By default, all watchers wait for bar closing to avoid repainting issues. You can switch off this option.
Additionally, you can shift down the signal labels to the preferred distance and set an alert for a new pattern found.
NOTE: the blue straight lines are not included.
Profitable Vortex Indicator ScannerIntroduction
The Vortex Indicator is a technical indicator invented by Etienne Botes and Douglas Siepman (Technical Analysis of Stocks & Commodities, V.28:1 (January, 2010): "The Vortex Indicator") to identify the start of a new trend or the continuation of an existing trend within financial markets.
It is composed of two lines, +VI and -VI . +VI represents up trending momentum and -VI represents down trending momentum.
The most basic strategy is to use the crossovers as trade signals:
when +VI crosses above -VI , go Long
when -VI crosses above +VI , go Short
Exit when a crossover occurs in the opposite direction
What is this tool?
This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable period's setting for the indicator. It analyzes the range of periods between 2 to 100 and backtests the Vortex Indicator for each period using the strategy mentioned above across the entire history of an instrument.
Settings
Net Profit line is optional and can be hidden through settings.
Alerts
It has an alert that notifies when a more profitable period was detected.
NOTE : It does not change what has already been plotted.
Good luck!
BotDCA | Algorithmic Smart DCA Bot🌌 What the script does, how it does ?
At the heart of its algorithm, this script incorporates the concept of Dollar Cost Averaging (DCA), a method of periodically allocating funds to an asset to mitigate the effects of market volatility.
Before we start, it's important to clarify that the script is adapted for the cryptocurrency market on USDT & USDC pairs in Spot, and on the Daily timeframe (D).
For this reason, and to optimize profits, the script will generate very few buy and sell positions.
Please also note that the script does not repaint.
Essentially, BotDCA generates buy and sell orders.
These buy and sell orders are generated using the following logic :
BUYING LOGIC :
• Volume : Current volume is compared with a linear percentile of volume over a short period.
This means that if current volume is higher than observed volumes over this period, the volume criteria is considered valid.
• Momentum & Volatility : The Average True Range (ATR) indicator adjusted by a square root is used as a measure of volatility.
Momentum is then calculated as the difference between the current closing price and a short moving average, normalized by this adjusted volatility.
The oversold condition is validated when momentum exceeds a specific level.
For the buy order to be triggered, the volume, momentum and volatility criteria must be validated.
SELLING LOGIC :
• Volume : Similar to the buy logic, the volume criteria is validated when current volume is higher than previous volumes.
• Momentum & Volatility : Volatility is measured using the adjusted ATR indicator, similar to the buy logic.
An overbought condition is validated when normalized momentum, calculated as the difference between the current closing price and a volatility-adjusted short-period moving average, exceeds a specific level.
• Trend : The general market trend is considered for the sell logic.
The trend criteria is validated when the current moving average is higher than that of the previous period.
For the sell order to be triggered, the volume, momentum, volatility and trend criteria must be validated.
These orders are also adjusted according to what the user defines as buy and sell settings :
🔵 Buying settings
• Quantity per order ($) : Defines the amount in stable coins to be invested for each buy order.
• └> Mult. quantity (x) : Multiplication factor applied to the buy quantity for successive orders, enabling the investment to be increased in the event of a price fall.
Example : If Quantity per order is $200 and Mult. quantity is x2, then the second buy order will be $400, the third buy order will be $800, the fourth buy order will be $1600 ...
After a sell order, the multiplier is cancelled.
Note : If value is set to 1 : Disabled
• └> Max. quantity (x) : Sets a maximum purchase quantity limit, preventing orders from exceeding this amount.
Example : If Quantity per order is $200, Mult. quantity is x2, and Max. quantity is $700, then the second buy order will be $400, the third buy order will be $700, the fourth buy order will be $700 ...
Note : If value is less than Quantity or is set to 0 : Disabled
• └> If Price > Average price : Enable or disable quantity multiplier when current price exceeds average price.
• Min. delay (in days) : Establishes a minimum interval in days between two successive purchases to avoid investing too close together.
Example : By default the time interval for the bot is set to D, so if you set 20 as the value, the bot will wait at least 20 days between buy orders before entering a position.
Note : If value is set to 0 : Disabled
• └> Min. deviation (%) : Defines the minimum price difference in percent to trigger a new purchase after the first.
Note : If value is set to 0 : Disabled
• └> Mult. deviation (x) : Apply a multiplication factor to the price differential for successive buys, progressively increasing the purchase interval.
Example : If Mult. deviation is 10% and Min. deviation is x2, then between the first and second buy orders the minimum deviation will be 10%, between the second and third buy orders the minimum deviation will be 20%, between the third and fourth buy orders the minimum deviation will be 40%...
After a sell order, the multiplier is cancelled.
Note : If value is set to 1 : Disabled
• Display help for these settings : On chart, displays help text about buying settings.
🟢 Selling settings
• Quantity (% position) : Percentage of the position to be sold in each sell order.
Example : If the first buy order is 0.1 BTC and the second buy order is 0.2 BTC, then the position is 0.3 BTC.
If Quantity (% position) is set to 20, then the first sell order will be 0.06 BTC (20% of 0.3 BTC), the second sell order will be 0.048 BTC (20% of 0.24 BTC) ...
(Auto ?) : If this option is enabled, the bot will automatically sell part of your position.
The quantity sold depends on the volatility of the last 30 days : the higher the volatility, the more it sells, and the lower the volatility, the less it sells.
The minimum sale defined is 10%, while the maximum sale will not exceed 50%.
• └> Min. deviation (%) : Minimum percentage of price deviation to trigger a sale.
Example : If Average price of BTC is 30 000 USDT and Min. deviation is 10%, then the first sell order will be at least 33 000 USDT, the second sell order will be at least 36 300 USDT ...
Note : If value is set to 0 : Disabled
(Auto ?) : If this option is activated, the bot automatically determines the sell minimum deviation percentage.
The deviation set depends on the volatility of the last 30 days : the higher the volatility, the higher the deviation, and the lower the volatility, the lower the deviation.
A start and end date defines when the script should generate buy and sell positions :
📆 Date settings
• Start date : Indicate the script launch date (If it’s a new launch, you must choose today’s date before creating your TradingView alert).
• End date : Enter the date on which you want the script to stop.
Other parameters can be configured to fine-tune buys and sells :
⏲️ Trading session settings
• Days : Allows you to select the specific days on which the script will be active, offering the possibility of excluding certain days.
🏛️ Exchange settings
• Fees (%) : Indicate the percentage fee applied by the exchange platform on each transaction.
• Price spread (%) : Specifies the price spread to be considered for realistic order adjustment.
🤖 Bot settings
• Add to Position ? : Allows tokens to be manually added to the position when the script is launched.
• └> How much ? (Base) : Number of tokens to add.
• └> Cost ? ($) : Stable coins amount of addition to position.
These settings are included in the calculation when an order is triggered.
Advanced visual customization options can be modified :
🎨 Visual settings
• TradingView Theme : Choose between a light or dark theme for the bot interface.
• Panel : Enables or disables the display of the information panel on the graph, and modifies its size and alignment.
• Positions : Show or hide buy and sell position labels on the chart, and modify their size and appearance (several display modes : basic, simple, advanced).
• Average price : Enables or disables the display of the average price line and modifies its size and color.
• Simulator : Enables or disables the ATH percentage-based simulator line and modifies its size and color.
• Trading session : Displays or hides the background of specified trading sessions.
• Hide warning messages ? : Hide or show warning messages on graph.
A profit simulator can be configured :
🕹️ Simulator settings
• Price (% ATH) : Determines a percentage of the token's ATH to simulate potential gains if the token reaches this price level again.
Users can also activate buying and selling alerts in the settings :
🤖 Bot settings
• START THE BOT ? » ALERTS ON : REAL MODE : Enable or disable the bot to execute real orders based on alerts.
• Mode FULL Auto ? : Enables the Mode FULL Auto, requiring additional configuration for connection to exchange APIs.
• └> Password FULL Auto : Password required to activate the Mode FULL Auto.
By activating FULL Auto Mode with TradingView's webhook system, the user can connect the script to the APIs of compatible exchanges, and receive notifications of buy and sell orders by e-mail, Telegram or Discord.
On the chart, a panel displays a variety of information, and also a backtesting / result of the script.
Here is a list of elements displayed by the panel :
💻 Informations panel
General :
• Pair
• Exchange
• └> Fees
• └> Price spread
• Period
• Start date
• End date
• Trading days
Buying
• Quantity per order
• └> Mult. quantity
• └> Max. quantity
• └> If Price > Average price
• └> Min. deviation
• └> Mult. deviation
• Min. delay (in days)
Selling
• Quantity (% position)
• └> Min. deviation
Exchange
• Next buy
• Next sell
Backtesting / Results
• No. of buys
• No. of sells
• Average price
• Actual position
• Actual net profit
• └> Simulator
• Last buy
• Last sell
🌌 About default settings
Default settings are defined as an example.
Above in the description, you will find details of each setting.
Here's a description of how user-defined setting categories affect the script's buy and sell positions :
📆 Date : Determines between which time ranges buy and sell positions are generated.
⏲️ Trading session : Exclude selected days disables buy positions on deselected days.
🕹️ Simulator : Does not affect buying and selling. It is for information purposes only.
🏛️ Exchange : Fees should be as close as possible to your exchange and price spread depends on your tolerance. This affects buy and sell position.
🔵 Buy : Depending on your investment capacity and risk management, these settings have an impact on buy positions.
🟢 Sell : These settings determine profit-taking. This has an impact on sell positions.
🎨 Visual : Does not affect buy and sell positions. For information only.
🤖 Bot : This part is mainly used to use the script with TradingView alerts. Only the 'Add to position' option affects buy and sell positions.
Once you've set all your settings for the script, you can view the backtesting displayed in the panel on the chart.
🌌 How to use it ?
To summarize how to use this script successfully, please follow these steps :
1. First, choose a cryptocurrency pair (e.g. BTC/USDT).
2. Set a start date (preferably today's date if it's your first launch) and an end date.
3. According on your preferences, you can choose specific trading days, or default to all days of the week.
4. Depending on your exchange, you can set fees and a price spread.
5. Then, based on your portfolio management and investment capabilities, define buy and sell parameters.
6. You can set the bot's appearance on the chart.
7. Once you have configured your settings, you can choose a simulation price.
8. Finally, to activate TradingView Alerts, check the box START THE BOT ? ALERTS ON : REAL MODE.
🌌 Overview
Here's a preview of the script with a few screenshots :
BTC/USDT • Basic display
SOL/USDT • Simple display
XRP/USDT • Advanced display
MATIC/USDT • Light theme
Script settings
🌌 Why do I have to pay ?
BotDCA uses advanced indicators and complex calculations to identify buying and selling opportunities.
With TradingView's alert system, it automates your investment strategy, eliminating the need for constant manual analysis and constant market monitoring.
This saves you precious time.
With adjustable buy and sell settings, you can customize the script to suit your risk tolerance and investment objectives.
This flexibility adds considerable value, allowing you to optimize the script to suit your situation.
Paid access ensures that you benefit from ongoing support and updates, which are essential for maintaining the script's effectiveness.
🌌 Disclaimer
This script is provided for educational purposes only and should not be construed as investment advice.
Users should be aware that trading in the financial markets involves risks, and that past performance of a script does not guarantee future results.
It is strongly recommended that you carry out a detailed analysis and consider your financial situation and risk tolerance before committing yourself to trading/investing.
[blackcat] L5 Alchemy Gold (ALGOLD)" L5 Alchemy Gold (ALGOLD)" indicator is a trend-following indicator that blends volume and price data to create a MACD-like oscillator, aiming to address the lagging issue typical in price-only indicators. The integration of leading volume information with lagging price data is a smart approach to create more timely signals. Additionally, incorporating a volatility filter to reduce false signals during sideways markets is a thoughtful enhancement.
It is shaping up to be quite comprehensive. It includes:
- An adaptive filter for smoothing price and volume data.
- A volatility filter based on Average True Range (ATR).
- A trigger moving average for generating smoothed price information.
- An ALMA (Arnaud Legoux Moving Average) for further filtering of price and volume.
- A divergence detector to identify potential trend reversals.
Entry Criteria : A composite crossover and crossunder of the fast and slow lines of the ALGOLD oscillator.
Exit Criteria : A crossover and crossunder of the fast and slow lines of the ALGOLD oscillator, but using a lower time frame for more sensitivity.
The input parameters of " L5 Alchemy Gold (ALGOLD)" indicator, are categorized into three groups:
Group 1, Alchemy Setting:
Alchemy Sharpness (Default: 7) - Controls the sharpness of the adaptive filter.
Alchemy Period (Default: 55) - Determines the smoothness of the oscillator.
Group 2, DVATAR Setting:
DVATR Length (Default: 11) - Sets the period length for the DVATR, similar to ATR's Length.
DVATR Threshold (Default: 0.07) - Adjusts sensitivity for sideways market detection.
Smooth Length (Default: 21) - Smoothens the DVATR output, balancing with volatility detection.
Group 3, Divergence Setting:
Parameters like Pivot Lookback, Max/Min of Lookback Range - Sets the sensitivity for divergence detection.
Options to enable or disable plots for various types of divergence (Bullish, Hidden Bullish, Bearish, Hidden Bearish).
" L5 Alchemy Gold (ALGOLD)" indicator are vivid and intuitive:
Candle Bar Color :
Gradient color changes to indicate trend strength, with warmer colors for bullish and cooler colors for bearish trends.
Line Colors and Shapes :
Green color represents the fast line, red for the slow line.
Crosses of these lines signal entries (triangles) and exits (cross shapes).
A band is created between these lines, filled with green for uptrends and red for downtrends.
Histogram :
Red histogram for above 0 and uptrend.
Blue histogram for above 0 and retracement.
Green histogram for below 0 and downtrend.
Yellow histogram for below 0 and bounce-up.
YinYang MomentumOverview:
YinYang Momentum is a Price, Volume and Momentum Oscillator. Its job is to help you see swings in momentum and the strength of it. It also creates signals (Blood Diamond (Bear) and Support Cross (Bull)) where these momentum swings may occur. YinYang Momentum features 3 Price and 3 Volume 'Mountains with Ice'. There are Predictive, Regular and Confirming Mountains. You have the ability to overlay them on top of each other which helps to decipher momentum swings. The Volume Mountains are very important for showing the strength behind the Price Mountains and their Signals. If you look, you'll notice, as the 'Ice' starts to curve into the 'Mountains' it signals a potential shift in Momentum. The green Mountain is the Predictive, the Blue is the Regular and the Purple is the Confirming. You'll also notice that the Predictive Mountains movements happen first and move much more drastically. When you notice the regular starts to follow suit, there is a potential for a momentum shift. Shortly after, a signal will occur if this shift is actually happening. You can also check the Confirming Mountain for more confirmation (however, leaving the Confirming Mountain active can be a little confusing and make it harder to read signals). YinYang Momentum also features Information Tables. These tables display how the Blood Diamonds and Support Cross' are fairing on different Timeframes. This way, you'll be able to see if it's in a Bullish or Bearish state on critical Time Frames no matter what Timeframe you're trading on.
Before we move onto the tutorial, let's discuss what each of these Mountains and Ice are and how they work. All of our Mountains and Ice are calculated using the same algorithm but with varying sources, lengths and multipliers. We are essentially calculating differences in movement and then sending those differences into an EMA for the Mountain Base and SMA for the mountain Ice. The values we use for the Predictive are much lower and therefore occur much quicker as they aren’t averaged out on longer lengths/time frames; this helps to make it more of a leading Indicator which may predict momentum changes. Our Regular is over a medium length and multipliers that result in a smooth but generally also gradual movement that helps reliability; this helps it act as more of an ‘in the now’ Indication of momentum changes. Our Confirming uses lengths and multipliers that are of a higher value and longer span; this makes it more difficult to use for determining entry / exit locations as it's more of a lagging indicator, but it helps to add confirmation as to whether the momentum change has occurred and wasn't a false signal.
Tutorial:
YinYang Momentum may look like a lot is going on.. And well that’s cause there is.. But that doesn’t mean it's confusing or hard to read once you know what you’re looking for!
To make this tutorial a little easier to understand, let's turn off a few settings and dissect this indicator one thing at a time. YinYang Momentum features Price and Volume mountains. Currently in the photo above we have 2 Price Mountains and 1 Volume Mountain turned on (this is how it's set by default and how we recommend using it), however there are 3 Mountains available for both Price and Volume:
Predictive
Regular
Confirming
We are going to deactivate everything so it's the Regular Price Mountain + Ice enabled.
Now that it is just the Regular Price Mountain and Ice it is much easier to teach and understand. As you can see there are two different colors on the mountain. The dark blue is the Mountain and the light blue is the Ice.
The Ice moves before the mountain does and when the momentum happens it is larger than it (below or above). When the momentum starts to change however, the Ice curves inside of the mountain. As you can see here, where the BUY signal (red cross) is, the Ice curves into the mountain; also where the SELL signal (red circle) is, the Ice curves into the mountain. The Ice curving into the mountain is a very important leading indication that momentum is changing and the Signals (crosses and diamonds) help solidify this momentum change.
The Index levels for YinYang Momentum is a little different than most oscillators that range from 0-100. Instead YinYang Momentum’s neutral level is 0 and it ranges from -100 to 100. For these reasons, the Viable Range for Buying is -40 to -70 and the Optimal Range for Buying is -70 to -100. For Selling, the Viable Range is 40 to 70 and the Optimal Range is 70 to 100.
If you look at the example above, you can see whenever it has been in the optimal range and the signal occurred, it may potentially be an amazing time to buy or sell. However, when it is within the Viable Range it can be hit or miss. The reason for this is because we are only looking at the Regular Price Mountain and Ice. Once we turn on the Predictive Price and Regular Volume we will have a much clearer idea as to what is noise and what is a true purchase signal. Why don’t we turn on Predictive Price Mountains and Ice so you can see what we’re talking about:
So there are 2 big things that changed when we added the predictive price mountains + ice.
We can see that where the orange circle is, is just noise, it isn’t a viable buy signal.
We can see that where the red circle is, is actually a better spot to sell than the previous marked white circle slightly to the right of it.
We will explain why both above are true, but first let's explain how we were able to deduce this information.
There are 5 rules when deciphering if the signal is a true signal or just noise.
You want the predictive mountain to be decently spaced out from the regular mountain. Refer to the example above how that should look. Remember it's predictive so with parabolic movements it will get quite spaced out. If the price went up but slowly, it generally won’t be as spaced and isn’t as strong of a signal predictor.
You want the Ice to be of a decent size and to curve in on both the Predictive and Regular Mountains. Both arrows (red and white circle arrows) are pointing to Ice that does just that. The Predictive mountain is of decent size and spaced out and the Ice curves in sharply on the Predictive, before curving in sharply on the Regular and then we get both Predictive and Regular Support Cross on the Same Bar.
When you get the Signals (Predictive and Regular) the amount of bars between them matters a lot! On the same Bar is ideal, however 1-2, max 3 bars between them is acceptable. Any more than 3 bars spacing and it's too risky of a signal because that means momentum change was happening but then stopped before picking back up. This doesn’t mean it can’t be a good signal, it just means it is much more risky and we don’t recommend it.
You don’t want Signal Clustering. You can see an example of this from the picture above. Signal Clustering is where signals are back to back over and over. During this time the momentum is in a consolidation phase and easily swaps back and forth between signals. These signals are not reliable and should not be traded on. We only want to act on clear momentum based signals.
Last but certainly not least, actually, the most important! Ensure that the Mountain + Ice for both the Predictive and Regular is at the bare minimum touching (preferably inside) the Viable Range. The Optimal range is best, but most mountains don’t make it that far. Viable Range is where you will make most of your trades from. Sometimes a great signal happens with all 5 of these rules but it is only touching the Viable Range right at 40 or -40. This CAN be okay, but is also much more risky than if it was at 50 to 60 or -50 to -60.
Based on the 5 rules mentioned, take a second and look back at the photo where we initially added the Predictive Price mountains and Ice, can you decipher why the orange circle is just noise, and can you see why the red circle is a better sell location than the white circle slightly to the right of it?
Let’s bring that photo back up now and let’s discuss this:
Let's start with the orange circle:
This orange circle, without the predictive, was hard to tell if it was a good location to buy or not, but the second we turned it on we could clearly see it was just noise.
The spacing between the Predictive mountains and the Regular is almost non-existent.
There was signal clustering shortly before this signal.
Remember, there doesn’t have to be many rules broken for a signal to be either too risky or not valid at all. The safest trades are ones where it meets the requirements of all 5 rules (6 once we talk about volume, but 5 price rules).
Now, let's discuss the red circle:
This red circle, although it could have been chosen with just the regular, was much more noticeable with the predictive added on top.
It has a perfect spacing between the Predictive and the Regular all the way to the peak.
The Ice is large and both curve in very nicely towards the mountains.
The signals are within 2 bars apart from each other.
There is no signal clustering.
The Predictive is within the Viable Range and the Regular is just touching it.
For these reasons, the red circle actually would have been where you sold and not the white circle beside it.
This pretty much covers the Price Mountains, but wait! The most important Cherry on Top to your decision making process is coming next!
We have just enabled our Regular Volume Mountains and Ice (which are the black mountains + ice). As you can see, we have circled what we call the ‘Perfect Combo’. This Perfect combo is when you have all 5 Price rules met COMBINED with a high volume mountain. The Volume Mountain and Ice act as strength. They aren’t biased towards bulls or bears, they simply show strength to whatever signal is present with it.
For example, if all 5 rules are met with Price on a Blood Diamond (Bear) Signal and there is a High Volume Mountain then this is also a ‘Perfect Combo’. That Blood Diamond signal will potentially have great strength behind it. The Viable and Optimal Ranges don’t apply to volume mountains. Any volume mountain, even close to the Viable Range, is considered to be a very high mountain. High volume is when the mountain is above 0 and low volume is when it's below 0. Any signal with low volume has less of a chance of being correct, regardless of whether it abides by all 5 price rules.
You can see here that the 5 Price rules are achieved but the volume mountain is low. It is at -25. Since the 5 Price rules are right, there is still a decent amount of accuracy to this signal and the price did plummet after, but not nearly as much as it would have if the volume mountain was high with it.
We have turned our Confirming Price Mountain on here so you can get an idea of what it looks like and how it’s used. If you refer to the Support Crosses and Blood Diamonds circled in white, you’ll see that although they both received their signals on the Predictive and Regular, neither of them received it on the Confirming. This shows that these signals lost momentum shortly after. However if you look at both the red and green circles, you’ll see that they both received their confirming signals and that it helped give those signals momentum. The Confirming Price Mountain is meant to help confirm if the momentum change is still on track and the max 3 bars from the regular signal rule still applies to it. However its height within the viable and optimal range is important, just not as relevant
Before we move on to our Information Tables we want to take a second just to discuss our Volume Mountains and Ice. We haven’t had a chance yet to discuss the Predictive or Confirming Volume. When it comes to our Volume Mountains + Ice, we don’t recommend having more than 1 on at a time. The reason we have included the Predictive and Confirming is in case you find they suit your Trading Style best, not necessarily to be used the same way the Price Mountains and Ice are. The main reason for this is due to the fact that the Volume Mountains are much smaller and when overlaid on top of each other can make a confusing blur that is hard to decipher.
In this example above we have enabled both Predictive and Regular Volume just so you can understand what we are talking about. The two together can be rather confusing and actually interfere with your decision making process. For this reason, we highly recommend finding the Volume Mountain that suits your trading style best and solely sticking to that.
Our Predictive Volume Mountains and Ice may help sense volume changes before they’ve even happened. This can be very useful if your Trading Style revolves around heavy volume changes.
Our Confirming Volume Mountains and Ice are much slower and smaller, but they help show the movement of volume that has occurred already. This can be used to help see the movement of volume without fearing it may or may not happen.
Our Information Tables are there to show you valuable information on whether it is in a state of Support Cross or Blood Diamond on 6 different Time Frames at the same time. The % it shows you displays how much of a price change has occurred since that signal has happened. It is important to note, if for instance you see it is in a state of Support Cross but the % is negative, this generally means it is going to switch to Blood Diamond soon and vice versa. Therefore if you are in a trade, especially on a lower Time Frame and you are watching the 1 Day or a higher Time Frame and notice that the % is getting less and less, it may be a good time to get out.
We will conclude our Tutorial here. If you have any Questions, Concerns, Suggestions or Comments please don’t hesitate to contact us.
Settings:
1. Show Predictive to Confirmed Trendline:
The Predictive to Confirmed Trendline is very useful for seeing when the predictive (Support Cross or Blood Diamond) has hit the confirmed (It’s a strong confirmation that the trend may be shifting). This trendline also features a Moving Average which helps give you a solid marker for when the Regular / Predictive mountains cross under or over it that a momentum swing may occur. Somewhat like when the RSI crosses above/below its Moving Average it dictates momentum change, that is likewise how to interpret when it happens with the mountains and this trendline.
2. Show Price Ice and Mountains based on:
The Price Ice and Mountains are very important when it comes to deciphering signal strength. For example, When the mountains are very low (regular and predictive) and are between the 2 red line (undervalued) or even possibly below the bottom red line, and the Ice on the mountains starts to curve into the mountains and then the Predictive and Regular Support Cross occur; this is a very strong Bullish Signal. But wait, that's not all, the cherry on top is when the volume mountain (black) is ALSO high while this occurs; the Volume Mountain adds Strength to the signal. When the volume mountain is high too during this ‘Perfect Combo’ this may potentially lead to very bullish price movement occurring soon. Here is an overview of each mountain:
2.1. Predictive: Are the least reliable, but they move first and nothing will move without the predictive moving first, and getting you ready.
2.2. Regular: Are the most accurate, they don't signify strength on its own, but they sure show some momentum.
2.3. Confirming: Are slightly behind when it comes to displaying data, and therefore shouldn't be used for entry / exit, but rather to show if the trend movement has truly been confirmed or not.
When the Ice starts to curve into the Mountain, (either upward or below) it signifies possible momentum change. There are Crosses (Bull), and Diamonds (Bear) to show when they've crossed. Cross' and Diamonds balance each other out and therefore there can never be more than 1 in a row (of the same type). When the Ice and Mountain size is very large (between 40 and 70), and the predictive Ice starts to curve into its mountain, and then the predictive curves into the Regular, and the Regular Ice is curving into its Mountain, then it may have some strong weight behind that signal.\nIMPORTANT: refer to Volume tooltip below for how to increase the signal strength even more.
3. Show Volume Ice and Mountains based on:
The Volume Ice and Mountains are for giving strength to the Price's signals and Size. When there is the perfect combo (described above) AND the Volume Ice + Mountain is high, then there may be a lot of strength to that Price signals (whether it is Cross (Bull), or Diamond (Bear)).
IMPORTANT: High volume mountains, unlike Price, don't mean good or bad. Volume shows strength to the Price, and therefore if there are high Volume mountains during a Diamond (Bearish), then there may be a lot of strength to that signal and vice versa.
4. Show Information Tables:
Information tables are used to display 6 different Time Frames and whether or not each time frame is in a state of Blood Diamond (red) or Support Cross (green). They also show how much % in price has changed since the current signal happened. These are very useful for seeing how the price is fairing on different Time Frames without having to constantly change your timeframe. For instance, maybe you base your entry off the 1 day time frame but then you swing trade on the 15 minute. Well, after you’ve confirmed your entry position and are sitting on the 15 minute, you can stay on the 15 minute and see how it is fairing on the 1 day, 5 minute or whatever time frame you choose. This way you aren’t distracted from the trade at hand. All of these Time Frames can be adjusted in the Settings (GUI) to whatever resolution you wish.
5. Res1 / Res2/ Res3 / Res4 / Res5 / Res6:
These represent the different resolutions (Time Frames) being used in your information tables and can be modified to display whatever resolution works best for your trading style. By default they are:
Res1: Current Timeframe
Res2: 15 Minute
Res3: 1 Hour
Res4: 4 Hour
Res5: 1 Day
Res6: 1 Week
Backup Res (not changeable): 5 Minute (this is only used if your Current Timeframe in Res1 is a duplicate of one of the other resolutions)
HAPPY TRADING!
BE - Volume Scalping ProDear Traders,
Here with presenting the new Indicator (Strategy) for scalping which is primarily built based on the the Volume Analysis.
Idea behind this Indicator: I am sure every trader would agree that Volume is one of the Leading indicator along with Price, and hence thought to use the same for scalping the trades. There is a direct co-relation between the price and volume and thereby used this as a base for arriving at strength of the volume pumped in. Indicator is working on the Logic of "What is the ROC in price for the volume dumped in and does ROC quantify the same which is happened in the recent past of x candles." In order to be successful in scalping trade, Accuracy, Risk to reward and Money Management is very much crucial and hence thought so much on this to make it happen.
Note: Accuracy here being profitable in the trade and not hitting the bulls eye all the time.
What this indicator is providing:
Based on the volume, ROC & Candle Thresholds and using the inputs provided for RISK and Money Management options, Indicator continuously scans for trading opportunities and provides alerts for possible trades.
Alerts & Notifications:
There are basically 3 types of Alerts provided one with General Notification and Other with Dhan HQ notifications to support Algo Trades and AlgoJi for supporting Algo trades too.
Self Declaration:
I have been testing the performance in 30 seconds and 1 min chart and I haven't faced any issues yet. I strongly recommend users to use the same in timeframe less than 10 Min only.
Enjoy!
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
Ratings AlgoThe ratings algo is my discount version of the many paid-for algorithms put out by numerous different companies. A technical "rating" (by default between -10 and 10) is produced for each candle, telling the user when to buy, sell, or hold. I took 11 of my personal favorite indicators to develop a rating system. They are:
50/200 SMA crossover
10/20 SMA crossover
10/20 LSMA crossover
10/20 EMA crossover
"Arnold" a rate-of-change analysis of a smoothed LSMA
PVT and OBV momentum
MACD
RSI
DMI
Fisher Transform
The ratings system is very basic (a more complex, detailed version will be coming in the future!) where each indicator returns -1, 0, or 1, and the MAs and Oscillators are stratified with a user-defined weighting. The total calculation is based on the function:
maweight * (average of MA ratings) + oscillator weight * (average of osc ratings)
If the total value > user-defined threshold, the bar is teal, and if > 2.5 * threshold, is green, and vice versa for orange/red respectively. Purple is given if the total value is close to zero.
"Strong" signals are printed if the bar changes to either green or red and exits are printed if the bars change from green/red to any other color.
A table is also produced showing what each indicator is indicating, either "Buy" "Sell" or "Hold.
Reversal Bands are printed, intended to be used as areas where a trade might be exited if the market is sideways. If a Strong Buy signal is produced, it may be a good idea to enter the trade, and hold until the price enters the reversal bands, then hold until a candle closes outside the band for the first time.
This indicator truly shines in trending markets (like most indicators), but with very fast-acting exit signals and reversal zones, will facilitate minimal losses and possibly even profits in sideways markets.
