E9 Bollinger RangeThe E9 Bollinger Range is a technical trading tool that leverages Bollinger Bands to track volatility and price deviations, along with additional trend filtering via EMAs.
The script visually enhances price action with a combination of trend-filtering EMAs, bar colouring for trend direction, signals to indicate potential buy and sell points based on price extension and engulfing patterns.
Here’s a breakdown of its key components:
Bollinger Bands: The strategy plots multiple Bollinger Band deviations to create different price levels. The furthest deviation bands act as warning signs for traders when price extends significantly, signaling potential overbought or oversold conditions.
Bar Colouring: Visual bar colouring is applied to clearly indicate trend direction: green bars for an uptrend and red bars for a downtrend.
EMA Filtering: Two EMAs (50 and 200) are used to help filter out false signals, giving traders a better sense of the underlying trend.
This combination of signals, visual elements, and trend filtering provides traders with a systematic approach to identifying price deviations and taking advantage of market corrections.
Brief History of Bollinger Bands
Bollinger Bands were developed by John Bollinger in the early 1980s as a tool to measure price volatility in financial markets. The bands consist of a moving average (typically 20 periods) with upper and lower bands placed two standard deviations away. These bands expand and contract based on market volatility, offering traders a visual representation of price extremes and potential reversal zones.
John Bollinger’s work revolutionized technical analysis by incorporating volatility into trend detection. His bands remain widely used across markets, including stocks, commodities, and cryptocurrencies. With the ability to highlight overbought and oversold conditions, Bollinger Bands have become a staple in many trading strategies.
Cerca negli script per "crypto"
VIDYA ProTrend Multi-Tier ProfitHello! This time is about a trend-following system.
VIDYA is quite an interesting indicator that adjusts dynamically to market volatility, making it more responsive to price changes compared to traditional moving averages. Balancing adaptability and precision, especially with the more aggressive short trade settings, challenged me to fine-tune the strategy for a variety of market conditions.
█ Introduction and How it is Different
The "VIDYA ProTrend Multi-Tier Profit" strategy is a trend-following system that combines the VIDYA (Variable Index Dynamic Average) indicator with Bollinger Bands and a multi-step take-profit mechanism.
Unlike traditional trend strategies, this system allows for more adaptive profit-taking, adjusting for long and short positions through distinct ATR-based and percentage-based targets. The innovation lies in its dynamic multi-tier approach to profit-taking, especially for short trades, where more aggressive percentages are applied using a multiplier. This flexibility helps adapt to various market conditions by optimizing trade management and profit allocation based on market volatility and trend strength.
BTCUSD 6hr performance
█ Strategy, How it Works: Detailed Explanation
The core of the "VIDYA ProTrend Multi-Tier Profit" strategy lies in the dual VIDYA indicators (fast and slow) that analyze price trends while accounting for market volatility. These indicators work alongside Bollinger Bands to filter trade entries and exits.
🔶 VIDYA Calculation
The VIDYA indicator is calculated using the following formula:
Smoothing factor (𝛼):
alpha = 2 / (Length + 1)
VIDYA formula:
VIDYA(t) = alpha * k * Price(t) + (1 - alpha * k) * VIDYA(t-1)
Where:
k = |Chande Momentum Oscillator (MO)| / 100
🔶 Bollinger Bands as a Volatility Filter
Bollinger Bands are calculated using a rolling mean and standard deviation of price over a specified period:
Upper Band:
BB_upper = MA + (K * stddev)
Lower Band:
BB_lower = MA - (K * stddev)
Where:
MA is the moving average,
K is the multiplier (typically 2), and
stddev is the standard deviation of price over the Bollinger Bands length.
These bands serve as volatility filters to identify potential overbought or oversold conditions, aiding in the entry and exit logic.
🔶 Slope Calculation for VIDYA
The slopes of both fast and slow VIDYAs are computed to assess the momentum and direction of the trend. The slope for a given VIDYA over its length is:
Slope = (VIDYA(t) - VIDYA(t-n)) / n
Where:
n is the length of the lookback period. Positive slope indicates bullish momentum, while negative slope signals bearish momentum.
LOCAL picture
🔶 Entry and Exit Conditions
- Long Entry: Occurs when the price moves above the slow VIDYA and the fast VIDYA is trending upward. Bollinger Bands confirm the signal when the price crosses the upper band, indicating bullish strength.
- Short Entry: Happens when the price drops below the slow VIDYA and the fast VIDYA trends downward. The signal is confirmed when the price crosses the lower Bollinger Band, showing bearish momentum.
- Exit: Based on VIDYA slopes flattening or reversing, or when the price hits specific ATR or percentage-based profit targets.
🔶 Multi-Step Take Profit Mechanism
The strategy incorporates three levels of take profit for both long and short trades:
- ATR-based Take Profit: Each step applies a multiple of the ATR (Average True Range) to the entry price to define the exit point.
The first level of take profit (long):
TP_ATR1_long = Entry Price + (2.618 * ATR)
etc.
█ Trade Direction
The strategy offers flexibility in defining the trading direction:
- Long: Only long trades are considered based on the criteria for upward trends.
- Short: Only short trades are initiated in bearish trends.
- Both: The strategy can take both long and short trades depending on the market conditions.
█ Usage
To use the strategy effectively:
- Adjust the VIDYA lengths (fast and slow) based on your preference for trend sensitivity.
- Use Bollinger Bands as a filter for identifying potential breakout or reversal scenarios.
- Enable the multi-step take profit feature to manage positions dynamically, allowing for partial exits as the price reaches specified ATR or percentage levels.
- Leverage the short trade multiplier for more aggressive take profit levels in bearish markets.
This strategy can be applied to different asset classes, including equities, forex, and cryptocurrencies. Adjust the input parameters to suit the volatility and characteristics of the asset being traded.
█ Default Settings
The default settings for this strategy have been designed for moderate to trending markets:
- Fast VIDYA Length (10): A shorter length for quick responsiveness to price changes. Increasing this length will reduce noise but may delay signals.
- Slow VIDYA Length (30): The slow VIDYA is set longer to capture broader market trends. Shortening this value will make the system more reactive to smaller price swings.
- Minimum Slope Threshold (0.05): This threshold helps filter out weak trends. Lowering the threshold will result in more trades, while raising it will restrict trades to stronger trends.
Multi-Step Take Profit Settings
- ATR Multipliers (2.618, 5.0, 10.0): These values define how far the price should move before taking profit. Larger multipliers widen the profit-taking levels, aiming for larger trend moves. In higher volatility markets, these values might be adjusted downwards.
- Percentage Levels (3%, 8%, 17%): These percentage levels define how much the price must move before taking profit. Increasing the percentages will capture larger moves, while smaller percentages offer quicker exits.
- Short TP Multiplier (1.5): This multiplier applies more aggressive take profit levels for short trades. Adjust this value based on the aggressiveness of your short trade management.
Each of these settings directly impacts the performance and risk profile of the strategy. Shorter VIDYA lengths and lower slope thresholds will generate more trades but may result in more whipsaws. Higher ATR multipliers or percentage levels can delay profit-taking, aiming for larger trends but risking partial gains if the trend reverses too early.
First Heikin-Ashi Candle Tracker [CHE] First Heikin-Ashi Candle Tracker
"A Heikin-Ashi Candle Rarely Comes Alone"
1. Introduction
Fundamental Observation
- "A Heikin-Ashi Candle Rarely Comes Alone"
- This principle highlights the tendency of Heikin-Ashi candles to appear in sequences, indicating sustained trends rather than isolated movements.
- Recognizing these patterns can significantly enhance trading strategies by identifying stronger and more reliable entry points.
2. Understanding Heikin-Ashi Candles
What Are Heikin-Ashi Candles?
- Heikin-Ashi is a type of candlestick chart used to identify market trends more clearly.
- Calculation Method:
- Ha_Close: (Open + High + Low + Close) / 4
- Ha_Open: (Previous Ha_Open + Previous Ha_Close) / 2
- Ha_High: Maximum of High, Ha_Open, Ha_Close
- Ha_Low: Minimum of Low, Ha_Open, Ha_Close
- Visual Differences:
- Smoother appearance compared to traditional candlesticks.
- Helps in filtering out market noise and highlighting the prevailing trend.
Benefits of Heikin-Ashi Candles
- Trend Clarity: Easier identification of uptrends and downtrends.
- Reduced Noise: Minimizes the impact of insignificant price movements.
- Visual Appeal: Cleaner charts enhance decision-making processes.
3. Introducing the First Heikin-Ashi Candle Tracker [CHE ]
Purpose of the Indicator
- Track First Heikin-Ashi Candles: Identifies the initial appearance of Heikin-Ashi candles across multiple timeframes.
- Enhance Trading Decisions: Provides visual cues for potential long and short entries based on trend confirmations.
Key Features
- Multi-Timeframe Support: Monitor Heikin-Ashi candles across different timeframes (e.g., 240, 60, 30, 15 minutes).
- Customizable Visuals: Adjustable colors and line widths for better chart integration.
- User-Friendly Interface: Easy-to-configure settings tailored to individual trading preferences.
- Max Line Management: Controls the number of displayed lines to maintain chart clarity.
4. How to Use the First Heikin-Ashi Candle Tracker
Step-by-Step Guide
1. Enable Desired Groups:
- Activate up to four groups, each representing a different timeframe.
- Customize each group's settings according to your trading strategy.
2. Configure Timeframes:
- Select timeframes that align with your trading style (e.g., short-term vs. long-term).
3. Set Candle Types to Track:
- Choose to monitor Both, Green (Bullish), or Red (Bearish) Heikin-Ashi candles.
- Focus on specific candle types to streamline entry signals.
4. Customize Visual Indicators:
- Adjust Green Line Color and Red Line Color for clear distinction.
- Modify Line Width to ensure visibility without cluttering the chart.
5. Manage Line Limits:
- Set the Max Number of Lines to prevent overcrowding.
- The indicator will automatically remove the oldest lines when the limit is exceeded.
6. Interpret Signals:
- Green Lines: Indicate potential Long entry points.
- Red Lines: Indicate potential Short entry points.
- Observe the sequence and frequency of candles to assess trend strength.
Practical Example
- Uptrend Identification:
- Consecutive green Heikin-Ashi candles with corresponding green lines signal a strong upward trend.
- Consider entering a Long position when the first green candle appears.
- Downtrend Identification:
- Consecutive red Heikin-Ashi candles with corresponding red lines signal a strong downward trend.
- Consider entering a Short position when the first red candle appears.
5. Benefits and Utility
Enhanced Trend Detection
- Early Signals: Identify the beginning of new trends promptly.
- Confirmation: Multiple timeframes provide robust confirmation of trend direction.
Improved Entry Points
- Precision: Pinpoint optimal moments to enter trades, reducing the risk of false signals.
- Flexibility: Suitable for both Long and Short strategies across various markets.
User-Friendly Operation
- Intuitive Settings: Easily configurable to match individual trading preferences.
- Visual Clarity: Clear lines and color-coding facilitate quick decision-making.
Time Efficiency
- Automated Tracking: Saves time by automatically identifying and marking relevant candles.
- Multi-Timeframe Analysis: Consolidates information from different timeframes into a single view.
6. Why Use the First Heikin-Ashi Candle Tracker ?
Strategic Advantages
- Market Insight: Gain deeper understanding of market dynamics through Heikin-Ashi analysis.
- Risk Management: Improved entry points contribute to better risk-reward ratios.
- Versatility: Applicable to various trading instruments, including stocks, forex, and cryptocurrencies.
Why Heikin-Ashi for Entries?
- Trend Reliability: Heikin-Ashi candles smooth out price data, providing more reliable trend indicators.
- Reduced Whipsaws: Fewer false signals compared to traditional candlestick charts.
- Clarity in Decision-Making: Simplifies the process of identifying and acting on market trends.
Conclusion
- The First Heikin-Ashi Candle Tracker is an essential tool for traders seeking to enhance their trend analysis and improve entry strategies.
- By leveraging the power of Heikin-Ashi candles, this indicator offers a clear, user-friendly approach to identifying profitable trading opportunities.
7. Getting Started
Installation
1. Add the Indicator:
- Open TradingView and navigate to the Pine Script editor.
- Paste the translated Pine Script code for the First Heikin-Ashi Candle Tracker .
- Save and add the indicator to your chart.
2. Configure Settings:
- Enable desired groups and set appropriate timeframes.
- Customize colors and line widths as per your preference.
- Adjust the maximum number of lines to maintain chart clarity.
3. Start Trading:
- Monitor the chart for green and red lines indicating potential Long and Short entries.
- Combine with other analysis tools for enhanced trading decisions.
Support and Resources
- Documentation: Refer to the included comments within the Pine Script for detailed explanations.
- Community Forums: Join TradingView communities for tips and shared experiences.
- Customer Support: Reach out for assistance with installation or configuration issues.
8. Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Happy Trading!
Best regards
Chervolino (Volker)
Cumulative Volume Delta Histogram [TradingFinder] CVD Histogram🔵 Introduction
To fully understand Cumulative Volume Delta (CVD), it’s important to start by explaining Volume Delta. In trading, "Delta" refers to the difference between two values or the rate of change between two data points. Volume Delta represents the difference between buying and selling pressure for each candlestick on a chart, and this difference can vary across different time frames.
A positive delta indicates that buying volume exceeds selling volume, while a negative delta shows that selling pressure is stronger. When buying and selling volumes are equal, the volume delta equals zero.
The Cumulative Volume Delta (CVD) indicator tracks the cumulative difference between buying and selling volumes over time, helping traders analyze market dynamics and identify reliable trading signals through CVD divergences.
🔵 How to Use
Cumulative Volume Delta (CVD) is an essential technical analysis tool that aggregates delta values for each candlestick, creating a comprehensive indicator. This helps traders evaluate overall buying and selling pressure over market swings.
Unlike standard Volume Delta, which compares the delta on a candle-by-candle basis, CVD provides a broader view of buying and selling pressure during market trends. A downward-trending CVD suggests that selling pressure is dominant, which is typically a bearish signal.
Conversely, an upward-trending CVD indicates bullish sentiment, suggesting buyers are in control. This analysis becomes even more valuable when compared with price action and market structure, helping traders predict the direction of asset prices.
🟣 How to Use CVD in Trend Analysis and Market Reversals
Understanding how to detect trend changes using Cumulative Volume Delta is crucial for traders. Typically, CVD aligns with market structure, moving in the same direction as price trends.
However, divergences between CVD and price movements or signs of volume exhaustion can be powerful indicators of potential market reversals. Recognizing these patterns helps traders make more informed decisions and improve their trading strategies.
🟣 How to Spot Trend Exhaustion with CVD
CVD is particularly effective for identifying trend exhaustion in the market. For instance, if an asset's price hits a new low, but CVD doesn’t follow, this might indicate a lack of seller interest, signaling potential exhaustion and a possible reversal.
Similarly, if an asset reaches a new high but CVD fails to follow, it can suggest that buyers lack the strength to push the market higher, indicating a possible reversal to the downside.
🟣 How to Use CVD Divergence in Price Trend Analysis
Another effective use of CVD is identifying divergences in price trends. For example, if CVD breaks a previous high or low while the price remains stable, this divergence may indicate that buying or selling pressure is being absorbed.
For instance, if CVD rises sharply without a corresponding increase in asset prices, it may suggest that sellers are absorbing the buying pressure, which could lead to a strong sell-off. Conversely, if prices remain stable while CVD declines, it may indicate that buyers are absorbing selling pressure, likely leading to a price increase once the selling subsides.
🟣 CVD Display, Candlestick vs. Histogram – What’s the Difference?
CVD can be displayed in two different formats :
Candlestick Display : In this format, the data is shown as green and red candlesticks, each representing the difference in buying and selling pressure over a given time period. This display allows traders to visually analyze market pressure along with price changes.
Histogram Display : Here, the data is represented as vertical green and red bars, where each bar’s height corresponds to the volume delta. This format offers a clearer view of the strengths and weaknesses in market buying and selling pressure.
🟣 What are the Key Settings for CVD?
Cumulative Mode : CVD offers three modes: "Total," "Periodic," and "EMA." In "Total" mode, CVD accumulates the delta from the beginning to the end of the session. In "Periodic" mode, it accumulates volume periodically, resetting at specific intervals. In "EMA" mode, the CVD is smoothed using an Exponential Moving Average (EMA) to filter out short-term fluctuations.
Period : The "Period" setting allows you to define the number of bars or intervals for "Periodic" and "EMA" modes. A shorter period captures more short-term movements, while a longer period smooths out the fluctuations and provides a broader view of market trends.
Market Ultra Data : This feature integrates data from 26 major brokers into the volume calculations, providing more reliable volume data. It’s important to specify the type of market you are analyzing (Forex, crypto, etc.) as different brokers contribute to different markets. Enabling this setting ensures the highest accuracy in volume analysis.
🔵 Conclusion
Cumulative Volume Delta (CVD) is a powerful technical indicator that helps traders assess buying and selling pressure by aggregating the delta values of each candlestick. Whether displayed as candlesticks or histograms, CVD provides insights into market trends, helping traders make informed decisions.
CVD is particularly useful in identifying divergences and exhaustion in market trends. For example, if CVD does not align with price movements, it can signal a potential trend reversal. Traders use this tool to fine-tune their entry and exit points and better predict future market movements.
In summary, CVD is a versatile tool for analyzing volume data and understanding the balance of buying and selling pressure in the market, making it an invaluable asset in any trader’s toolkit
Volume Performance Table (Weekdays Only)This is a volume performance table that compares the volume from the previous trading day to the average daily volume from the previous week, month, 3-month, 6-month, and 12-month period in order to show where the rate of change of volume is contributing to the price trend.
For example, if the price trend is bullish and volume is accelerating, that is a bullish confirmation.
If the price is bearish and volume is accelerating, that is a bearish confirmation.
If the price is bullish and volume is decelerating, that is a bearish divergence.
If the price is bearish and volume is decelerating, that is a bullish divergence.
This does not include weekend trading when applied to digital assets such as cryptocurrencies.
Common Volume Spike Indicator with Price Color on SpikeIndicator Name: Common Volume Spike Indicator with Price Color on Spike
Description:
The “Common Volume Spike Indicator with Price Color on Spike” is designed to detect significant volume spikes and highlight them on the chart. It not only identifies moments when the trading volume exceeds a certain threshold but also colors the price bars based on price movement during these spikes.
Key Features:
• Volume Spike Detection: Detects volume spikes when the current volume exceeds a specified multiple of the average volume over a user-defined lookback period.
• Dynamic Volume Break: Highlights bars where the volume exceeds a threshold, dynamically calculated as a multiple of the average volume (default is 10x the average volume).
• Price Color on Volume Spike: When a volume spike occurs, bars are colored green if the price closes higher than the previous bar, and red if the price closes lower. This feature helps traders easily identify significant price movements during high-volume periods.
• Customizable Parameters:
• Threshold Multiplier: Adjust the sensitivity of volume spike detection.
• Lookback Period: Define the period over which the average volume is calculated.
• Volume Break Multiplier: Set a multiplier for the average volume to identify extreme volume breaks.
This indicator is suitable for traders who want to quickly spot critical market events driven by significant increases in volume. It helps to visualize both the volume activity and the corresponding price movement, providing an additional layer of market insight.
How to Use:
1. Green Bars: When the volume spike condition is met and the price closes higher than the previous bar, the bar is colored green.
2. Red Bars: When the volume spike condition is met and the price closes lower than the previous bar, the bar is colored red.
3. Blue Bars: Indicates a significant volume break, where the current volume exceeds a specified multiple of the average volume (default: 10x).
Ideal for intraday and swing traders who rely on volume and price action for market entries and exits. This indicator works well across different asset classes, including stocks, forex, and cryptocurrencies.
You can adjust the input parameters to fit your specific trading strategy and timeframe.
Disclaimer: This indicator is a tool to help with market analysis and should not be considered financial advice. Always perform your own due diligence before making any trading decisions.
This description outlines the key functionality and how the indicator can benefit traders on TradingView.
KAMA CloudDescription:
The KAMA Cloud indicator is a sophisticated trading tool designed to provide traders with insights into market trends and their intensity. This indicator is built on the Kaufman Adaptive Moving Average (KAMA), which dynamically adjusts its sensitivity to filter out market noise and respond to significant price movements. The KAMA Cloud leverages multiple KAMAs to gauge trend direction and strength, offering a visual representation that is easy to interpret.
How It Works:
The KAMA Cloud uses twenty different KAMA calculations, each set to a distinct lookback period ranging from 5 to 100. These KAMAs are calculated using the average of the open, high, low, and close prices (OHLC4), ensuring a balanced view of price action. The relative positioning of these KAMAs helps determine the direction of the market trend and its momentum.
By measuring the cumulative relative distance between these KAMAs, the indicator effectively assesses the overall trend strength, akin to how the Average True Range (ATR) measures market volatility. This cumulative measure helps in identifying the trend’s robustness and potential sustainability.
The visualization component of the KAMA Cloud is particularly insightful. It plots a 'cloud' formed between the base KAMA (set at a 100-period lookback) and an adjusted KAMA that incorporates the cumulative relative distance scaled up. This cloud changes color based on the trend direction — green for upward trends and red for downward trends, providing a clear, visual representation of market conditions.
Benefits:
Dynamic Sensitivity: By adapting to the market's volatility, KAMA provides more reliable signals than traditional moving averages.
Trend Clarity: The color-coded cloud visually enhances the perception of the trend’s direction and strength, making it easier for traders to decide on their trading strategy.
Versatility: Suitable for various asset classes, including stocks, forex, commodities, and cryptocurrencies, across different timeframes.
Decision Support: Helps traders understand not just the direction but the strength of trends, aiding in more informed decision-making regarding entries, exits, and risk management.
Usage:
The KAMA Cloud is ideal for traders who need a robust trend-following tool that adjusts according to market dynamics. It can be used as a standalone indicator or in conjunction with other technical analysis tools to enhance trading strategies. Look for the cloud’s color shifts as potential signals for trend reversals or continuations, and consider the cloud’s thickness as an indication of trend strength.
Whether you are a day trader, swing trader, or long-term investor, the KAMA Cloud offers a unique approach to understanding market trends, helping you navigate the complexities of various market conditions with confidence.
Cypher Harmonic Pattern [TradingFinder] Cypher Pattern Detector🔵 Introduction
The Cypher Pattern is one of the most accurate and advanced harmonic patterns, introduced by Darren Oglesbee. The Cypher pattern, utilizing Fibonacci ratios and geometric price analysis, helps traders identify price reversal points with high precision. This pattern consists of five key points (X, A, B, C, and D), each playing an important role in determining entry and exit points in the financial markets.
The reversal point typically occurs in the XD region, with the Fibonacci ratio ranging between 0.768 and 0.886. This zone is referred to as the Potential Reversal Zone (PRZ), where traders anticipate price changes to occur.
The Cypher harmonic pattern is popular among professional traders due to its high accuracy in identifying market trends and reversal points. The pattern appears in two forms: bullish Cypher pattern and bearish Cypher pattern.
In the bullish Cypher pattern, after a price correction, the price moves upward, while in the bearish Cypher pattern, the price moves downward after a temporary increase. These patterns help traders use technical analysis to identify strong reversal points in the PRZ and execute more optimal trades.
Bullish Cypher Pattern :
Bearish Cypher Pattern :
🔵 How to Use
The Cypher pattern is one of the most complex and precise harmonic patterns, leveraging Fibonacci ratios to help traders identify price reversals. This pattern is comprised of five key points, each playing a critical role in determining entry and exit points.
The Cypher pattern appears in two main types :
Bullish Cypher pattern : This pattern appears as an M shape on the chart and indicates a trend reversal to the upside after a price correction. Traders can prepare for buying after identifying this pattern in technical analysis.
Bearish Cypher pattern : This pattern appears as a W shape and signals the start of a downtrend after a temporary price increase. Traders can use this pattern to enter short positions.
🟣 How to Identify the Cypher Pattern on a Chart
Identifying the Cypher pattern requires precision and the use of advanced technical analysis tools. The pattern consists of four main legs, each identified using Fibonacci ratios and geometric analysis.
To spot the Cypher pattern on a chart, first, identify the five key points : X, A, B, C, and D.
XA leg : The initial move from point X to A.
AB leg : The first correction after the XA move, where the price moves to point B.
BC leg : After the correction, the price moves upwards to point C.
CD leg : The final price move that reaches point D, where a price reversal is expected.
In a bullish Cypher pattern, point D indicates the start of a new uptrend, while in a bearish Cypher pattern, point D signals the beginning of a downtrend. Correctly identifying these points helps traders determine the best time to enter a trade.
🟣 How to Trade Using the Cypher Pattern
Once the Cypher pattern is identified on the chart, traders can use it to set entry and exit points. Point D is the key point for trade entry. In the bullish Cypher pattern, the trader can enter a long position after point D forms, while in the bearish Cypher pattern, point D serves as the ideal point for entering a short position.
🟣 Entering a Buy Trade with the Bullish Cypher Pattern
In a bullish Cypher pattern, traders wait for the price to reach point D, after which they can enter a buy position. At this point, the price is expected to start rising.
🟣 Entering a Sell Trade with the Bearish Cypher Pattern
In a bearish Cypher pattern, the trader enters a sell position at point D, expecting the price to move downward after reaching this point. For additional confirmation, traders can use technical indicators such as RSI or MACD.
🟣 Risk Management in Cypher Pattern Trades
Risk management is one of the most critical aspects of any trade, and this holds true for trading the Cypher pattern. Traders should always use stop-loss orders to prevent larger losses in case the pattern fails.
In the bullish Cypher pattern, the stop-loss is usually placed slightly below point D to exit the trade if the price continues to drop.
In the bearish Cypher pattern, the stop-loss is placed above point D to limit losses if the price rises unexpectedly.
🟣 Combining the Cypher Pattern with Other Technical Tools
The Cypher pattern is a powerful tool in technical analysis, but combining it with other methods such as price action and technical indicators can improve trading accuracy.
🟣 Combining with Price Action
Traders can use price action to confirm the Cypher pattern. Candlestick patterns like reversal candlesticks can provide additional confirmation for price reversals at point D.
🟣 Using Technical Indicators
Incorporating technical indicators such as RSI and MACD can also help traders receive stronger signals for entering trades based on the Cypher pattern. These indicators help identify overbought or oversold conditions, allowing traders to make more informed decisions.
🟣 Advantages and Disadvantages of the Cypher Pattern in Technical Analysis
Advantages :
High accuracy : The Cypher pattern, using Fibonacci ratios and geometric analysis, provides high precision in identifying reversal points.
Applicable in various markets : This pattern can be used in a wide range of financial markets, including forex, stocks, and cryptocurrencies.
Disadvantages :
Rarit y: The Cypher pattern appears less frequently on charts compared to other harmonic patterns.
Complexity : Accurately identifying this pattern requires significant experience, which may be challenging for novice traders.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The Cypher harmonic pattern is one of the most powerful and accurate patterns used in technical analysis. Its high precision in identifying price reversal points, particularly within the Potential Reversal Zone (PRZ), has made it a popular tool among professional traders. The PRZ, located between the Fibonacci ratios of 0.768 and 0.886 in the XD region, offers traders a clear indication of where price reversals are likely to occur.
However, to use this pattern successfully, traders must employ proper risk management and combine it with supplementary tools like technical indicators and price action. By understanding how to utilize the PRZ, traders can enhance the accuracy of their trade entries and exits.
Ultimately, the Cypher pattern, when used in conjunction with the PRZ, helps traders make more precise decisions in the financial markets, leading to more successful and well-informed trades.
Candle Low Offset [QuadzCrypto]==== Candle Low Offset Indicator ====
==== Overview ====
The "Candle Low Offset" indicator offers a method for tracking a price point that sit below the low of each candle by a percentage offset.
It was originally intended to provide a price point with flexibility for setting a stop loss below the entry candle low, however, it could be used for other applications.
==== Definitions ====
- Offset Percentage: The % below the low you wish the trend line to follow configurable to 0.01 increments
==== Plots ====
- Offset: Plots a trend line below the candle lows
==== Style ====
- Offset: Allows users to configure the colour and thickness of the offset plot line
==== Application ====
This has been coded to be used with the Max StopLoss function on the Krown Quant SKX indicator to provide an alternative stop loss location on the entry candle.
==== Disclaimer ====
This indicator is for educational purposes only and should not be construed as financial advice. Trading involves risk, and you should consult with a qualified financial advisor before making any trading decisions.
Bitcoin CME-Spot Z-Spread - Strategy [presentTrading]This time is a swing trading strategy! It measures the sentiment of the Bitcoin market through the spread of CME Bitcoin Futures and Bitfinex BTCUSD Spot prices. By applying Bollinger Bands to the spread, the strategy seeks to capture mean-reversion opportunities when prices deviate significantly from their historical norms
█ Introduction and How it is Different
The Bitcoin CME-Spot Bollinger Bands Strategy is designed to capture mean-reversion opportunities by exploiting the spread between CME Bitcoin Futures and Bitfinex BTCUSD Spot prices. The strategy uses Bollinger Bands to detect when the spread between these two correlated assets has deviated significantly from its historical norm, signaling potential overbought or oversold conditions.
What sets this strategy apart is its focus on spread trading between futures and spot markets rather than price-based indicators. By applying Bollinger Bands to the spread rather than individual prices, the strategy identifies price inefficiencies across markets, allowing traders to take advantage of the natural reversion to the mean that often occurs in these correlated assets.
BTCUSD 8hr Performance
█ Strategy, How It Works: Detailed Explanation
The strategy relies on Bollinger Bands to assess the volatility and relative deviation of the spread between CME Bitcoin Futures and Bitfinex BTCUSD Spot prices. Bollinger Bands consist of a moving average and two standard deviation bands, which help measure how much the spread deviates from its historical mean.
🔶 Spread Calculation:
The spread is calculated by subtracting the Bitfinex spot price from the CME Bitcoin futures price:
Spread = CME Price - Bitfinex Price
This spread represents the difference between the futures and spot markets, which may widen or narrow based on supply and demand dynamics in each market. By analyzing the spread, the strategy can detect when prices are too far apart (potentially overbought or oversold), indicating a trading opportunity.
🔶 Bollinger Bands Calculation:
The Bollinger Bands for the spread are calculated using a simple moving average (SMA) and the standard deviation of the spread over a defined period.
1. Moving Average (SMA):
The simple moving average of the spread (mu_S) over a specified period P is calculated as:
mu_S = (1/P) * sum(S_i from i=1 to P)
Where S_i represents the spread at time i, and P is the lookback period (default is 200 bars). The moving average provides a baseline for the normal spread behavior.
2. Standard Deviation:
The standard deviation (sigma_S) of the spread is calculated to measure the volatility of the spread:
sigma_S = sqrt((1/P) * sum((S_i - mu_S)^2 from i=1 to P))
3. Upper and Lower Bollinger Bands:
The upper and lower Bollinger Bands are derived by adding and subtracting a multiple of the standard deviation from the moving average. The number of standard deviations is determined by a user-defined parameter k (default is 2.618).
- Upper Band:
Upper Band = mu_S + (k * sigma_S)
- Lower Band:
Lower Band = mu_S - (k * sigma_S)
These bands provide a dynamic range within which the spread typically fluctuates. When the spread moves outside of these bands, it is considered overbought or oversold, potentially offering trading opportunities.
Local view
🔶 Entry Conditions:
- Long Entry: A long position is triggered when the spread crosses below the lower Bollinger Band, indicating that the spread has become oversold and is likely to revert upward.
Spread < Lower Band
- Short Entry: A short position is triggered when the spread crosses above the upper Bollinger Band, indicating that the spread has become overbought and is likely to revert downward.
Spread > Upper Band
🔶 Risk Management and Profit-Taking:
The strategy incorporates multi-step take profits to lock in gains as the trade moves in favor. The position is gradually reduced at predefined profit levels, reducing risk while allowing part of the trade to continue running if the price keeps moving favorably.
Additionally, the strategy uses a hold period exit mechanism. If the trade does not hit any of the take-profit levels within a certain number of bars, the position is closed automatically to avoid excessive exposure to market risks.
█ Trade Direction
The trade direction is based on deviations of the spread from its historical norm:
- Long Trade: The strategy enters a long position when the spread crosses below the lower Bollinger Band, signaling an oversold condition where the spread is expected to narrow.
- Short Trade: The strategy enters a short position when the spread crosses above the upper Bollinger Band, signaling an overbought condition where the spread is expected to widen.
These entries rely on the assumption of mean reversion, where extreme deviations from the average spread are likely to revert over time.
█ Usage
The Bitcoin CME-Spot Bollinger Bands Strategy is ideal for traders looking to capitalize on price inefficiencies between Bitcoin futures and spot markets. It’s especially useful in volatile markets where large deviations between futures and spot prices occur.
- Market Conditions: This strategy is most effective in correlated markets, like CME futures and spot Bitcoin. Traders can adjust the Bollinger Bands period and standard deviation multiplier to suit different volatility regimes.
- Backtesting: Before deployment, backtesting the strategy across different market conditions and timeframes is recommended to ensure robustness. Adjust the take-profit steps and hold periods to reflect the trader’s risk tolerance and market behavior.
█ Default Settings
The default settings provide a balanced approach to spread trading using Bollinger Bands but can be adjusted depending on market conditions or personal trading preferences.
🔶 Bollinger Bands Period (200 bars):
This defines the number of bars used to calculate the moving average and standard deviation for the Bollinger Bands. A longer period smooths out short-term fluctuations and focuses on larger, more significant trends. Adjusting the period affects the responsiveness of the strategy:
- Shorter periods (e.g., 100 bars): Makes the strategy more reactive to short-term market fluctuations, potentially generating more signals but increasing the risk of false positives.
- Longer periods (e.g., 300 bars): Focuses on longer-term trends, reducing the frequency of trades and focusing only on significant deviations.
🔶 Standard Deviation Multiplier (2.618):
The multiplier controls how wide the Bollinger Bands are around the moving average. By default, the bands are set at 2.618 standard deviations away from the average, ensuring that only significant deviations trigger trades.
- Higher multipliers (e.g., 3.0): Require a more extreme deviation to trigger trades, reducing trade frequency but potentially increasing the accuracy of signals.
- Lower multipliers (e.g., 2.0): Make the bands narrower, increasing the number of trade signals but potentially decreasing their reliability.
🔶 Take-Profit Levels:
The strategy has four take-profit levels to gradually lock in profits:
- Level 1 (3%): 25% of the position is closed at a 3% profit.
- Level 2 (8%): 20% of the position is closed at an 8% profit.
- Level 3 (14%): 15% of the position is closed at a 14% profit.
- Level 4 (21%): 10% of the position is closed at a 21% profit.
Adjusting these take-profit levels affects how quickly profits are realized:
- Lower take-profit levels: Capture gains more quickly, reducing risk but potentially cutting off larger profits.
- Higher take-profit levels: Let trades run longer, aiming for bigger gains but increasing the risk of price reversals before profits are locked in.
🔶 Hold Days (20 bars):
The strategy automatically closes the position after 20 bars if none of the take-profit levels are hit. This feature prevents trades from being held indefinitely, especially if market conditions are stagnant. Adjusting this:
- Shorter hold periods: Reduce the duration of exposure, minimizing risks from market changes but potentially closing trades too early.
- Longer hold periods: Allow trades to stay open longer, increasing the chance for mean reversion but also increasing exposure to unfavorable market conditions.
By understanding how these default settings affect the strategy’s performance, traders can optimize the Bitcoin CME-Spot Bollinger Bands Strategy to their preferences, adapting it to different market environments and risk tolerances.
Pivot Points LIVE [CHE]Title:
Pivot Points LIVE Indicator
Subtitle:
Advanced Pivot Point Analysis for Real-Time Trading
Presented by:
Chervolino
Date:
September 24, 2024
Introduction
What are Pivot Points?
Definition:
Pivot Points are technical analysis indicators used to determine potential support and resistance levels in financial markets.
Purpose:
They help traders identify possible price reversal points and make informed trading decisions.
Overview of Pivot Points LIVE :
A comprehensive indicator designed for real-time pivot point analysis.
Offers advanced features for enhanced trading strategies.
Key Features
Pivot Points LIVE Includes:
Dynamic Pivot Highs and Lows:
Automatically detects and plots pivot high (HH, LH) and pivot low (HL, LL) points.
Customizable Visualization:
Multiple options to display markers, price labels, and support/resistance levels.
Fractal Breakouts:
Identifies and marks breakout and breakdown events with symbols.
Line Connection Modes:
Choose between "All Separate" or "Sequential" modes for connecting pivot points.
Pivot Extension Lines:
Extends lines from the latest pivot point to the current bar for trend analysis.
Alerts:
Configurable alerts for breakout and breakdown events.
Inputs and Configuration
Grouping Inputs for Easy Customization:
Source / Length Left / Length Right:
Pivot High Source: High price by default.
Pivot Low Source: Low price by default.
Left and Right Lengths: Define the number of bars to the left and right for pivot detection.
Colors: Customizable colors for pivot high and low markers.
Options:
Display Settings:
Show HH, LL, LH, HL markers and price labels.
Display support/resistance level extensions.
Option to show levels as a fractal chaos channel.
Enable fractal breakout/down symbols.
Line Connection Mode:
Choose between "All Separate" or "Sequential" for connecting lines.
Line Management:
Set maximum number of lines to display.
Customize line colors, widths, and styles.
Pivot Extension Line:
Visibility: Toggle the display of the last pivot extension line.
Customization: Colors, styles, and width for extension lines.
How It Works - Calculating Pivot Points
Pivot High and Pivot Low Detection:
Pivot High (PH):
Identified when a high price is higher than a specified number of bars to its left and right.
Pivot Low (PL):
Identified when a low price is lower than a specified number of bars to its left and right.
Higher Highs, Lower Highs, Higher Lows, Lower Lows:
Higher High (HH): Current PH is higher than the previous PH.
Lower High (LH): Current PH is lower than the previous PH.
Higher Low (HL): Current PL is higher than the previous PL.
Lower Low (LL): Current PL is lower than the previous PL.
Visual Elements
Markers and Labels:
Shapes:
HH and LH: Downward triangles above the bar.
HL and LL: Upward triangles below the bar.
Labels:
Optionally display the price levels of HH, LH, HL, and LL on the chart.
Support and Resistance Levels:
Extensions:
Lines extending from pivot points to indicate potential support and resistance zones.
Chaos Channels:
Display levels as a fractal chaos channel for enhanced trend analysis.
Fractal Breakout Symbols:
Buy Signals: Upward triangles below the bar.
Sell Signals: Downward triangles above the bar.
Slide 7: Line Connection Modes
All Separate Mode:
Description:
Connects pivot highs with pivot highs and pivot lows with pivot lows separately.
Use Case:
Ideal for traders who want to analyze highs and lows independently.
Sequential Mode:
Description:
Connects all pivot points in the order they occur, regardless of being high or low.
Use Case:
Suitable for identifying overall trend direction and momentum.
Pivot Extension Lines
Purpose:
Trend Continuation:
Visualize the continuation of the latest pivot point's price level.
Customization:
Colors:
Differentiate between bullish and bearish extensions.
Styles:
Solid, dashed, or dotted lines based on user preference.
Width:
Adjustable line thickness for better visibility.
Dynamic Updates:
The extension line updates in real-time as new bars form, providing ongoing trend insights.
Alerts and Notifications
Configurable Alerts:
Fractal Break Arrow:
Triggered when a breakout or breakdown occurs.
Long and Short Signals:
Specific alerts for bullish breakouts (Long) and bearish breakdowns (Short).
Benefits:
Timely Notifications:
Stay informed of critical market movements without constant monitoring.
Automated Trading Strategies:
Integrate with trading bots or automated systems for executing trades based on alerts.
Customization and Optimization
User-Friendly Inputs:
Adjustable Parameters:
Tailor pivot detection sensitivity with left and right lengths.
Color and Style Settings:
Match the indicator aesthetics to personal or platform preferences.
Line Management:
Maximum Lines Displayed:
Prevent chart clutter by limiting the number of lines.
Dynamic Line Handling:
Automatically manage and delete old lines to maintain chart clarity.
Flexibility:
Adapt to Different Markets:
Suitable for various financial instruments including stocks, forex, and cryptocurrencies.
Scalability:
Efficiently handles up to 500 labels and 100 lines for comprehensive analysis.
Practical Use Cases
Identifying Key Support and Resistance:
Entry and Exit Points:
Use pivot levels to determine optimal trade entry and exit points.
Trend Confirmation:
Validate market trends through the connection of pivot points.
Breakout and Breakdown Strategies:
Trading Breakouts:
Enter long positions when price breaks above pivot highs.
Trading Breakdowns:
Enter short positions when price breaks below pivot lows.
Risk Management:
Setting Stop-Loss and Take-Profit Levels:
Utilize pivot levels to place strategic stop-loss and take-profit orders.
Slide 12: Benefits for Traders
Real-Time Analysis:
Provides up-to-date pivot points for timely decision-making.
Enhanced Visualization:
Clear markers and lines improve chart readability and analysis efficiency.
Customizable and Flexible:
Adapt the indicator to fit various trading styles and strategies.
Automated Alerts:
Stay ahead with instant notifications on key market events.
Comprehensive Toolset:
Combines pivot points with fractal analysis for deeper market insights.
Conclusion
Pivot Points LIVE is a robust and versatile indicator designed to enhance your trading strategy through real-time pivot point analysis. With its advanced features, customizable settings, and automated alerts, it equips traders with the tools needed to identify key market levels, execute timely trades, and manage risks effectively.
Ready to Elevate Your Trading?
Explore Pivot Points LIVE and integrate it into your trading toolkit today!
Q&A
Questions?
Feel free to ask any questions or request further demonstrations of the Pivot Points LIVE indicator.
Multi-Step FlexiSuperTrend - Indicator [presentTrading]This version of the indicator is built upon the foundation of a strategy version published earlier. However, this indicator version focuses on providing visual insights and alerts for traders, rather than executing trades. This one is mostly for @thorcmt.
█ Introduction and How it is Different
The **Multi-Step FlexiSuperTrend Indicator** is a versatile tool designed to provide traders with a highly customizable and flexible approach to trend analysis. Unlike traditional supertrend indicators, which focus on a single factor or threshold, the **FlexiSuperTrend** allows users to define multiple levels of take-profit targets and incorporate different trend normalization methods.
It comes with several advanced customization features, including multi-step take profits, deviation plotting, and trend normalization, making it suitable for both novice and expert traders.
BTCUSD 6hr Performance
█ Strategy, How It Works: Detailed Explanation
The **Multi-Step FlexiSuperTrend** works by calculating a supertrend based on multiple factors and incorporating oscillations from trend deviations. Here’s a breakdown of how it functions:
🔶 SuperTrend Calculation
At the heart of the indicator is the SuperTrend formula, which dynamically adjusts based on price movements.
🔶 Normalization of Deviations
To enhance accuracy, the **FlexiSuperTrend** calculates multiple deviations from the trend and normalizes them.
🔶 Multi-Step Take Profit Levels
The indicator allows setting up to three take profit levels, which are displayed via price level alerts. lows traders to exit part of their position at various profit intervals.
For more detail, please check the strategy version - Multi-Step-FlexiSuperTrend-Strategy:
and 'FlexiSuperTrend-Strategy'
█ Trade Direction
The **Multi-Step FlexiSuperTrend Indicator** supports both long and short trade directions.
This flexibility allows traders to adapt to trending, volatile, or sideways markets.
█ Usage
To use the **FlexiSuperTrend Indicator**, traders can set up their preferences for the following key features:
- **Trading Direction**: Choose whether to focus on long, short, or both signals.
- **Indicator Source**: The price source to calculate the trend (e.g., close, hl2).
- **Indicator Length**: The number of periods to calculate the ATR and trend (the larger the value, the smoother the trend).
- **Starting and Increment Factor**: These adjust how reactive the trend is to price movements. The starting factor dictates how far the initial trend band is from the price, and the increment factor adjusts subsequent trend deviations.
The indicator then displays buy and sell signals on the chart, along with alerts for each take-profit level.
Local picture
█ Default Settings
The default settings of the **Multi-Step FlexiSuperTrend** are carefully designed to provide an optimal balance between sensitivity and accuracy. Let’s examine these default parameters and their effect on performance:
🔶 Indicator Length (Default: 10)
The **Indicator Length** determines the lookback period for the ATR calculation. A smaller value makes the indicator more reactive to price changes, but may generate more false signals. A longer length smooths the trend and reduces noise but may delay signals.
Effect on performance: Shorter lengths perform better in volatile markets, while longer lengths excel in trending markets.
🔶 Starting Factor (Default: 0.618)
This factor adjusts the starting distance of the SuperTrend from the current price. The smaller the starting factor, the closer the trend is to the price, making it more sensitive. Conversely, a larger factor allows more distance, reducing sensitivity but filtering out false signals.
Effect on performance: A smaller factor provides quicker signals but can lead to frequent false positives. A larger factor generates fewer but more reliable signals.
🔶 Increment Factor (Default: 0.382)
The **Increment Factor** controls how the trend bands adjust as the price moves. It increases the distance of the bands from the price with each iteration.
Effect on performance: A higher increment factor can result in wider stop-loss or trend reversal bands, allowing for longer trends to develop without frequent exits. A lower factor keeps the bands closer to the price and is more suited for shorter-term trades.
🔶 Take Profit Levels (Default: 2%, 8%, 18%)
The default take-profit levels are set at 2%, 8%, and 18%. These values represent the thresholds at which the trader can partially exit their positions. These multi-step levels are highly customizable depending on the trader’s risk tolerance and strategy.
Effect on performance: Lower take-profit levels (e.g., 2%) capture small, quick profits in volatile markets, while higher levels (8%-18%) allow for a more gradual exit in strong trends.
🔶 Normalization Method (Default: None)
The default normalization method is **None**, meaning the deviations are not normalized. However, enabling normalization (e.g., **Max-Min**) can improve the clarity of the indicator’s signals in volatile or choppy markets by smoothing out the noise.
Effect on performance: Using a normalization method can reduce the effect of extreme deviations, making signals more stable and less prone to false positives.
Multi-Step FlexiMA - Strategy [presentTrading]It's time to come back! hope I can not to be busy for a while.
█ Introduction and How It Is Different
The FlexiMA Variance Tracker is a unique trading strategy that calculates a series of deviations between the price (or another indicator source) and a variable-length moving average (MA). Unlike traditional strategies that use fixed-length moving averages, the length of the MA in this system varies within a defined range. The length changes dynamically based on a starting factor and an increment factor, creating a more adaptive approach to market conditions.
This strategy integrates Multi-Step Take Profit (TP) levels, allowing for partial exits at predefined price increments. It enables traders to secure profits at different stages of a trend, making it ideal for volatile markets where taking full profits at once might lead to missed opportunities if the trend continues.
BTCUSD 6hr Performance
█ Strategy, How It Works: Detailed Explanation
🔶 FlexiMA Concept
The FlexiMA (Flexible Moving Average) is at the heart of this strategy. Unlike traditional MA-based strategies where the MA length is fixed (e.g., a 50-period SMA), the FlexiMA varies its length with each iteration. This is done using a **starting factor** and an **increment factor**.
The formula for the moving average length at each iteration \(i\) is:
`MA_length_i = indicator_length * (starting_factor + i * increment_factor)`
Where:
- `indicator_length` is the user-defined base length.
- `starting_factor` is the initial multiplier of the base length.
- `increment_factor` increases the multiplier in each iteration.
Each iteration applies a **simple moving average** (SMA) to the chosen **indicator source** (e.g., HLC3) with a different length based on the above formula. The deviation between the current price and the moving average is then calculated as follows:
`deviation_i = price_current - MA_i`
These deviations are normalized using one of the following methods:
- **Max-Min normalization**:
`normalized_i = (deviation_i - min(deviations)) / range(deviations)`
- **Absolute Sum normalization**:
`normalized_i = deviation_i / sum(|deviation_i|)`
The **median** and **standard deviation (stdev)** of the normalized deviations are then calculated as follows:
`median = median(normalized deviations)`
For the standard deviation:
`stdev = sqrt((1/(N-1)) * sum((normalized_i - mean)^2))`
These values are plotted to provide a clear indication of how the price is deviating from its variable-length moving averages.
For more detail:
🔶 Multi-Step Take Profit
This strategy uses a multi-step take profit system, allowing for exits at different stages of a trade based on the percentage of price movement. Three take-profit levels are defined:
- Take Profit Level 1 (TP1): A small, quick profit level (e.g., 2%).
- Take Profit Level 2 (TP2): A medium-level profit target (e.g., 8%).
- Take Profit Level 3 (TP3): A larger, more ambitious target (e.g., 18%).
At each level, a corresponding percentage of the trade is exited:
- TP Percent 1: E.g., 30% of the position.
- TP Percent 2: E.g., 20% of the position.
- TP Percent 3: E.g., 15% of the position.
This approach ensures that profits are locked in progressively, reducing the risk of market reversals wiping out potential gains.
Local
🔶 Trade Entry and Exit Conditions
The entry and exit signals are determined by the interaction between the **SuperTrend Polyfactor Oscillator** and the **median** value of the normalized deviations:
- Long entry: The SuperTrend turns bearish, and the median value of the deviations is positive.
- Short entry: The SuperTrend turns bullish, and the median value is negative.
Similarly, trades are exited when the SuperTrend flips direction.
* The SuperTrend Toolkit is made by @EliCobra
█ Trade Direction
The strategy allows users to specify the desired trade direction:
- Long: Only long positions will be taken.
- Short: Only short positions will be taken.
- Both: Both long and short positions are allowed based on the conditions.
This flexibility allows the strategy to adapt to different market conditions and trading styles, whether you're looking to buy low and sell high, or sell high and buy low.
█ Usage
This strategy can be applied across various asset classes, including stocks, cryptocurrencies, and forex. The primary use case is to take advantage of market volatility by using a flexible moving average and multiple take-profit levels to capture profits incrementally as the market moves in your favor.
How to Use:
1. Configure the Inputs: Start by adjusting the **Indicator Length**, **Starting Factor**, and **Increment Factor** to suit your chosen asset. The defaults work well for most markets, but fine-tuning them can improve performance.
2. Set the Take Profit Levels: Adjust the three **TP levels** and their corresponding **percentages** based on your risk tolerance and the expected volatility of the market.
3. Monitor the Strategy: The SuperTrend and the FlexiMA variance tracker will provide entry and exit signals, automatically managing the positions and taking profits at the pre-set levels.
█ Default Settings
The default settings for the strategy are configured to provide a balanced approach that works across different market conditions:
Indicator Length (10):
This controls the base length for the moving average. A lower length makes the moving average more responsive to price changes, while a higher length smooths out fluctuations, making the strategy less sensitive to short-term price movements.
Starting Factor (1.0):
This determines the initial multiplier applied to the moving average length. A higher starting factor will increase the average length, making it slower to react to price changes.
Increment Factor (1.0):
This increases the moving average length in each iteration. A larger increment factor creates a wider range of moving average lengths, allowing the strategy to track both short-term and long-term trends simultaneously.
Normalization Method ('None'):
Three methods of normalization can be applied to the deviations:
- None: No normalization applied, using raw deviations.
- Max-Min: Normalizes based on the range between the maximum and minimum deviations.
- Absolute Sum: Normalizes based on the total sum of absolute deviations.
Take Profit Levels:
- TP1 (2%): A quick exit to capture small price movements.
- TP2 (8%): A medium-term profit target for stronger trends.
- TP3 (18%): A long-term target for strong price moves.
Take Profit Percentages:
- TP Percent 1 (30%): Exits 30% of the position at TP1.
- TP Percent 2 (20%): Exits 20% of the position at TP2.
- TP Percent 3 (15%): Exits 15% of the position at TP3.
Effect of Variables on Performance:
- Short Indicator Lengths: More responsive to price changes but prone to false signals.
- Higher Starting Factor: Slows down the response, useful for longer-term trend following.
- Higher Increment Factor: Widens the variability in moving average lengths, making the strategy adapt to both short-term and long-term price trends.
- Aggressive Take Profit Levels: Allows for quick profit-taking in volatile markets but may exit positions prematurely in strong trends.
The default configuration offers a moderate balance between short-term responsiveness and long-term trend capturing, suitable for most traders. However, users can adjust these variables to optimize performance based on market conditions and personal preferences.
E9 ASIA Session
*note: Upon updating the script the conversion from V4 to v5 has lost the weekend extended lines and now prints an asia session for each day. It is recommended (esp for crypto) to extend these lines across the weekend like in the chart example above.
The E9 Asia Session Indicator is a valuable tool for traders aiming to track and analyze the Asia trading session on financial charts. This indicator provides insights into price behavior during the Asia session, which is crucial for making informed trading decisions. Here's an overview of its key functionalities and uses:
1. Session Highs and Lows
Purpose:
The indicator calculates and plots the high and low of the Asia session.
It helps identify key levels of support and resistance established during this trading period.
Importance:
These levels can act as significant reference points for future price movements.
Price action that occurs near these levels often provides clues about potential breakouts or reversals.
2. Session Background Color
Purpose:
The indicator can shade the background of the chart during the Asia session.
Importance:
This visual cue helps quickly identify the session's timeframe, enhancing the trader’s ability to observe price behavior within this specific period.
It aids in distinguishing between different trading sessions and understanding their influence on price action.
3. Start of Session Marker
Purpose:
A visual marker (such as a circle) is plotted at the beginning of each Asia session.
Importance:
This marker helps traders visually pinpoint the start of the session, making it easier to analyze how the price reacts from the session's opening.
4. End of Session Marker
Purpose:
A marker is plotted at the end of the Asia session, indicating where the session closes.
Importance:
This marker is useful for tracking the end of the session and observing price behavior around this critical juncture.
It helps in analyzing whether the session's high or low gets revisited or broken in subsequent sessions.
Practical Uses:
Strategic Planning: Traders can use the plotted high and low levels to set their trading strategies, stop-loss orders, and profit targets.
Market Analysis: Understanding how price interacts with the Asia session’s high and low levels can provide insights into market sentiment and potential price movements.
By incorporating the E9 Asia Session Indicator into your trading toolkit, you can gain a deeper understanding of the Asia session's impact on price dynamics, enhancing your overall trading strategy and decision-making process.
Disclaimer: The information contained in this article does not constitute financial advice or a solicitation to buy or sell any securities. All investments involve risk, and past performance does not guarantee future results. Always evaluate your financial circumstances and investment objectives before making trading decisions.
Optimized Heikin Ashi Strategy with Buy/Sell OptionsStrategy Name:
Optimized Heikin Ashi Strategy with Buy/Sell Options
Description:
The Optimized Heikin Ashi Strategy is a trend-following strategy designed to capitalize on market trends by utilizing the smoothness of Heikin Ashi candles. This strategy provides flexible options for trading, allowing users to choose between Buy Only (long-only), Sell Only (short-only), or using both in alternating conditions based on the Heikin Ashi candle signals. The strategy works on any market, but it performs especially well in markets where trends are prevalent, such as cryptocurrency or Forex.
This script offers customizable parameters for the backtest period, Heikin Ashi timeframe, stop loss, and take profit levels, allowing traders to optimize the strategy for their preferred markets or assets.
Key Features:
Trade Type Options:
Buy Only: Enter a long position when a green Heikin Ashi candle appears and exit when a red candle appears.
Sell Only: Enter a short position when a red Heikin Ashi candle appears and exit when a green candle appears.
Stop Loss and Take Profit:
Customizable stop loss and take profit percentages allow for flexible risk management.
The default stop loss is set to 2%, and the default take profit is set to 4%, maintaining a favorable risk/reward ratio.
Heikin Ashi Timeframe:
Traders can select the desired timeframe for Heikin Ashi candle calculation (e.g., 4-hour Heikin Ashi candles for a 1-hour chart).
The strategy smooths out price action and reduces noise, providing clearer signals for entry and exit.
Inputs:
Backtest Start Date / End Date: Specify the period for testing the strategy’s performance.
Heikin Ashi Timeframe: Select the timeframe for Heikin Ashi candle generation. A higher timeframe helps smooth the trend, which is beneficial for trading lower timeframes.
Stop Loss (in %) and Take Profit (in %): Enable or disable stop loss and take profit, and adjust the levels based on market conditions.
Trade Type: Choose between Buy Only or Sell Only based on your market outlook and strategy preference.
Strategy Performance:
In testing with BTC/USD, this strategy performed well in a 4-hour Heikin Ashi timeframe applied on a 1-hour chart over a period from January 1, 2024, to September 12, 2024. The results were as follows:
Initial Capital: 1 USD
Order Size: 100% of equity
Net Profit: +30.74 USD (3,073.52% return)
Percent Profitable: 78.28% of trades were winners.
Profit Factor: 15.825, indicating that the strategy's profitable trades far outweighed its losses.
Max Drawdown: 4.21%, showing low risk exposure relative to the large profit potential.
This strategy is ideal for both beginner and advanced traders who are looking to follow trends and avoid market noise by using Heikin Ashi candles. It is also well-suited for traders who prefer automated risk management through the use of stop loss and take profit levels.
Recommended Use:
Best Markets: This strategy works well on trending markets like cryptocurrency, Forex, or indices.
Timeframes: Works best when applied to lower timeframes (e.g., 1-hour chart) with a higher Heikin Ashi timeframe (e.g., 4-hour candles) to smooth out price action.
Leverage: The strategy performs well with leverage, but users should consider using 2x to 3x leverage to avoid excessive risk and potential liquidation. The strategy's low drawdown allows for moderate leverage use while maintaining risk control.
Customization: Traders can adjust the stop loss and take profit percentages based on their risk appetite and market conditions. A default setting of a 2% stop loss and 4% take profit provides a balanced risk/reward ratio.
Notes:
Risk Management: Traders should enable stop loss and take profit settings to maintain effective risk management and prevent large drawdowns during volatile market conditions.
Optimization: This strategy can be further optimized by adjusting the Heikin Ashi timeframe and risk parameters based on specific market conditions and assets.
Backtesting: The built-in backtesting functionality allows traders to test the strategy across different market conditions and historical data to ensure robustness before applying it to live trading.
How to Apply:
Select your preferred market and chart.
Choose the appropriate Heikin Ashi timeframe based on the chart's timeframe. (e.g., use 4-hour Heikin Ashi candles for 1-hour chart trends).
Adjust stop loss and take profit based on your risk management preference.
Run backtesting to evaluate its performance before applying it in live trading.
This strategy can be further modified and optimized based on personal trading style and market conditions. It’s important to monitor performance regularly and adjust settings as needed to align with market behavior.
Cumulative Net VolumeCumulative Calculation: Summarizes the net volume (buying minus selling volume) cumulatively, providing a running total that reflects the aggregate trading pressure.
Custom Timeframe Flexibility: Users can choose to analyze the volume on a custom timeframe, enhancing adaptability for various trading strategies.
Color-Coded Visualization: Features an intuitive color scheme where green indicates a net buying dominance and red signals net selling dominance, making it easier to interpret shifts in market dynamics.
Versatility: Suitable for all types of assets available on TradingView including cryptocurrencies like Bitcoin, stocks, forex, and more.
Utility: This tool is particularly useful for identifying trends in buying or selling pressure, which could be pivotal during significant market events or when assessing the potential for a trend reversal. By understanding the accumulation and distribution phases through the cumulative net volume, traders can make more informed decisions.
Perfect for both novice traders looking to get a grip on volume analysis and seasoned professionals seeking an edge in their trading tactics.
Uptrick: Volume-Weighted EMA Signal### **Uptrick: Volume-Weighted EMA Signal (UVES) Indicator - Comprehensive Description**
#### **Overview**
The **Uptrick: Volume-Weighted EMA Signal (UVES)** is an advanced, multifaceted trading indicator meticulously designed to provide traders with a holistic view of market trends by integrating Exponential Moving Averages (EMA) with volume analysis. This indicator not only identifies the direction of market trends through dynamic EMAs but also evaluates the underlying strength of these trends using real-time volume data. UVES is a versatile tool suitable for various trading styles and markets, offering a high degree of customization to meet the specific needs of individual traders.
#### **Purpose**
The UVES indicator aims to enhance traditional trend-following strategies by incorporating a critical yet often overlooked component: volume. Volume is a powerful indicator of market strength, providing insights into the conviction behind price movements. By merging EMA-based trend signals with detailed volume analysis, UVES offers a more nuanced and reliable approach to identifying trading opportunities. This dual-layer analysis allows traders to differentiate between strong trends supported by significant volume and weaker trends that may be prone to reversals.
#### **Key Features and Functions**
1. **Dynamic Exponential Moving Average (EMA):**
- The core of the UVES indicator is its dynamic EMA, calculated over a customizable period. The EMA is a widely used technical indicator that smooths price data to identify the underlying trend. In UVES, the EMA is dynamically colored—green when the current EMA value is above the previous value, indicating an uptrend, and red when below, signaling a downtrend. This visual cue helps traders quickly assess the trend direction without manually calculating or interpreting raw data.
2. **Comprehensive Moving Average Customization:**
- While the EMA is the default moving average in UVES, traders can select from various other moving average types, including Simple Moving Average (SMA), Smoothed Moving Average (SMMA), Weighted Moving Average (WMA), and Volume-Weighted Moving Average (VWMA). Each type offers unique characteristics:
- **SMA:** Provides a simple average of prices over a specified period, suitable for identifying long-term trends.
- **EMA:** Gives more weight to recent prices, making it more responsive to recent market movements.
- **SMMA (RMA):** A slower-moving average that reduces noise, ideal for capturing smoother trends.
- **WMA:** Weighs prices based on their order in the dataset, making recent prices more influential.
- **VWMA:** Integrates volume data, emphasizing price movements that occur with higher volume, making it particularly useful in volume-sensitive markets.
3. **Signal Line for Trend Confirmation:**
- UVES includes an optional signal line, which applies a secondary moving average to the primary EMA. This signal line can be used to smooth out the EMA and confirm trend changes. The signal line’s color changes based on its slope—green for an upward slope and red for a downward slope—providing a clear visual confirmation of trend direction. Traders can adjust the length and type of this signal line, allowing them to tailor the indicator’s responsiveness to their trading strategy.
4. **Buy and Sell Signal Generation:**
- UVES generates explicit buy and sell signals based on the interaction between the EMA and the signal line. A **buy signal** is triggered when the EMA transitions from a red (downtrend) to a green (uptrend), indicating a potential entry point. Conversely, a **sell signal** is triggered when the EMA shifts from green to red, suggesting an exit or shorting opportunity. These signals are displayed directly on the chart as upward or downward arrows, making them easily identifiable even during fast market conditions.
5. **Volume Analysis with Real-Time Buy/Sell Volume Table:**
- One of the standout features of UVES is its integration of volume analysis, which calculates and displays the volume attributed to buying and selling activities. This analysis includes:
- **Buy Volume:** The portion of the total volume associated with price increases (close higher than open).
- **Sell Volume:** The portion of the total volume associated with price decreases (close lower than open).
- **Buy/Sell Ratio:** A ratio of buy volume to sell volume, providing a quick snapshot of market sentiment.
- These metrics are presented in a real-time table positioned in the top-right corner of the chart, with customizable colors and formatting. The table updates with each new bar, offering continuous feedback on the strength and direction of the market trend based on volume data.
6. **Customizable Settings and User Control:**
- **EMA Length and Source:** Traders can specify the lookback period for the EMA, adjusting its sensitivity to price changes. The source for EMA calculations can also be customized, with options such as close, open, high, low, or other custom price series.
- **Signal Line Customization:** The signal line’s length, type, and width can be adjusted to suit different trading strategies, allowing traders to optimize the balance between trend detection and noise reduction.
- **Offset Adjustment:** The offset feature allows users to shift the EMA and signal line forward or backward on the chart. This can help align the indicator with specific price action or adjust for latency in decision-making processes.
- **Volume Table Positioning and Formatting:** The position, size, and color scheme of the volume table are fully customizable, enabling traders to integrate the table seamlessly into their chart setup without cluttering the visual workspace.
7. **Versatility Across Markets and Trading Styles:**
- UVES is designed to be effective across a wide range of financial markets, including Forex, stocks, cryptocurrencies, commodities, and indices. Its adaptability to different markets is supported by its comprehensive customization options and the inclusion of volume analysis, which is particularly valuable in markets where volume plays a crucial role in price movement.
#### **How Different Traders Can Benefit from UVES**
1. **Trend Followers:**
- Trend-following traders will find UVES particularly beneficial for identifying and riding trends. The dynamic EMA and signal line provide clear visual cues for trend direction, while the volume analysis helps confirm the strength of these trends. This combination allows trend followers to stay in profitable trades longer and exit when the trend shows signs of weakening.
2. **Volume-Based Traders:**
- Traders who focus on volume as a key indicator of market strength can leverage the UVES volume table to gain insights into the buying and selling pressure behind price movements. By monitoring the buy/sell ratio, these traders can identify periods of strong conviction (high buy volume) or potential reversals (high sell volume) with greater accuracy.
3. **Scalpers and Day Traders:**
- For traders operating on shorter time frames, UVES provides quick and reliable signals that are essential for making rapid trading decisions. The ability to customize the EMA length and type allows scalpers to fine-tune the indicator for responsiveness, while the volume analysis offers an additional layer of confirmation to avoid false signals.
4. **Swing Traders:**
- Swing traders, who typically hold positions for several days to weeks, can use UVES to identify medium-term trends and potential entry and exit points. The indicator’s ability to filter out market noise through the signal line and volume analysis makes it ideal for capturing significant price movements without being misled by short-term volatility.
5. **Position Traders and Long-Term Investors:**
- Even long-term investors can benefit from UVES by using it to identify major trend reversals or confirm the strength of long-term trends. The flexibility to adjust the EMA and signal line to longer periods ensures that the indicator remains relevant for detecting shifts in market sentiment over extended time frames.
#### **Optimal Settings for Different Markets**
- **Forex Markets:**
- **EMA Length:** 9 to 14 periods.
- **Signal Line:** Use VWMA or WMA for the signal line to incorporate volume data, which is crucial in the highly liquid Forex markets.
- **Best Use:** Short-term trend following, with an emphasis on identifying rapid changes in market sentiment.
- **Stock Markets:**
- **EMA Length:** 20 to 50 periods.
- **Signal Line:** SMA or EMA with a slightly longer length (e.g., 50 periods) to capture broader market trends.
- **Best Use:** Medium to long-term trend identification, with volume analysis confirming the strength of institutional buying or selling.
- **Cryptocurrency Markets:**
- **EMA Length:** 9 to 12 periods, due to the high volatility in crypto markets.
- **Signal Line:** SMMA or EMA for smoothing out extreme price fluctuations.
- **Best Use:** Identifying entry and exit points in volatile markets, with the volume table providing insights into market manipulation or sudden shifts in trader sentiment.
- **Commodity Markets:**
- **EMA Length:** 14 to 21 periods.
- **Signal Line:** WMA or VWMA, considering the impact of trading volume on commodity prices.
- **Best Use:** Capturing medium-term price movements and confirming trend strength with volume data.
#### **Customization for Advanced Users**
- **Advanced Offset Usage:** Traders can experiment with different offset values to see how shifting the EMA and signal line impacts the timing of buy/sell signals. This can be particularly useful in markets with known latency or for strategies that require a delayed confirmation of trend changes.
- **Volume Table Integration:** The position, size, and colors of the volume table can be adjusted to fit seamlessly into any trading setup. For example, a trader might choose to position the table in the bottom-right corner and use a smaller size to keep the focus on price action while still having access to volume data.
- **Signal Filtering:** By combining the signal line with the primary EMA, traders can filter out false signals during periods of low volatility or when the market is range-bound. Adjusting the length of the signal line allows for greater control over the sensitivity of the trend detection.
#### **Conclusion**
The **Uptrick: Volume-Weighted EMA Signal (UVES)** is a powerful and adaptable indicator designed for traders who demand more from their technical analysis tools. By integrating dynamic EMA trend signals with real-time volume analysis, UVES offers a comprehensive view of market conditions, making it an invaluable resource for identifying trends, confirming signals, and understanding market sentiment. Whether you are a day trader, swing trader, or long-term investor, UVES provides the versatility, precision, and customization needed to make more informed and profitable trading decisions. With its ability to adapt to various markets and trading styles, UVES is not just an indicator but a complete trend analysis solution.
Multi-Step FlexiSuperTrend - Strategy [presentTrading]At the heart of this endeavor is a passion for continuous improvement in the art of trading
█ Introduction and How it is Different
The "Multi-Step FlexiSuperTrend - Strategy " is an advanced trading strategy that integrates the well-known SuperTrend indicator with a nuanced and dynamic approach to market trend analysis. Unlike conventional SuperTrend strategies that rely on static thresholds and fixed parameters, this strategy introduces multi-step take profit mechanisms that allow traders to capitalize on varying market conditions in a more controlled and systematic manner.
What sets this strategy apart is its ability to dynamically adjust to market volatility through the use of an incremental factor applied to the SuperTrend calculation. This adjustment ensures that the strategy remains responsive to both minor and major market shifts, providing a more accurate signal for entries and exits. Additionally, the integration of multi-step take profit levels offers traders the flexibility to scale out of positions, locking in profits progressively as the market moves in their favor.
BTC 6hr Long/Short Performance
█ Strategy, How it Works: Detailed Explanation
The Multi-Step FlexiSuperTrend strategy operates on the foundation of the SuperTrend indicator, but with several enhancements that make it more adaptable to varying market conditions. The key components of this strategy include the SuperTrend Polyfactor Oscillator, a dynamic normalization process, and multi-step take profit levels.
🔶 SuperTrend Polyfactor Oscillator
The SuperTrend Polyfactor Oscillator is the heart of this strategy. It is calculated by applying a series of SuperTrend calculations with varying factors, starting from a defined "Starting Factor" and incrementing by a specified "Increment Factor." The indicator length and the chosen price source (e.g., HLC3, HL2) are inputs to the oscillator.
The SuperTrend formula typically calculates an upper and lower band based on the average true range (ATR) and a multiplier (the factor). These bands determine the trend direction. In the FlexiSuperTrend strategy, the oscillator is enhanced by iteratively applying the SuperTrend calculation across different factors. The iterative process allows the strategy to capture both minor and significant trend changes.
For each iteration (indexed by `i`), the following calculations are performed:
1. ATR Calculation: The Average True Range (ATR) is calculated over the specified `indicatorLength`:
ATR_i = ATR(indicatorLength)
2. Upper and Lower Bands Calculation: The upper and lower bands are calculated using the ATR and the current factor:
Upper Band_i = hl2 + (ATR_i * Factor_i)
Lower Band_i = hl2 - (ATR_i * Factor_i)
Here, `Factor_i` starts from `startingFactor` and is incremented by `incrementFactor` in each iteration.
3. Trend Determination: The trend is determined by comparing the indicator source with the upper and lower bands:
Trend_i = 1 (uptrend) if IndicatorSource > Upper Band_i
Trend_i = 0 (downtrend) if IndicatorSource < Lower Band_i
Otherwise, the trend remains unchanged from the previous value.
4. Output Calculation: The output of each iteration is determined based on the trend:
Output_i = Lower Band_i if Trend_i = 1
Output_i = Upper Band_i if Trend_i = 0
This process is repeated for each iteration (from 0 to 19), creating a series of outputs that reflect different levels of trend sensitivity.
Local
🔶 Normalization Process
To make the oscillator values comparable across different market conditions, the deviations between the indicator source and the SuperTrend outputs are normalized. The normalization method can be one of the following:
1. Max-Min Normalization: The deviations are normalized based on the range of the deviations:
Normalized Value_i = (Deviation_i - Min Deviation) / (Max Deviation - Min Deviation)
2. Absolute Sum Normalization: The deviations are normalized based on the sum of absolute deviations:
Normalized Value_i = Deviation_i / Sum of Absolute Deviations
This normalization ensures that the oscillator values are within a consistent range, facilitating more reliable trend analysis.
For more details:
🔶 Multi-Step Take Profit Mechanism
One of the unique features of this strategy is the multi-step take profit mechanism. This allows traders to lock in profits at multiple levels as the market moves in their favor. The strategy uses three take profit levels, each defined as a percentage increase (for long trades) or decrease (for short trades) from the entry price.
1. First Take Profit Level: Calculated as a percentage increase/decrease from the entry price:
TP_Level1 = Entry Price * (1 + tp_level1 / 100) for long trades
TP_Level1 = Entry Price * (1 - tp_level1 / 100) for short trades
The strategy exits a portion of the position (defined by `tp_percent1`) when this level is reached.
2. Second Take Profit Level: Similar to the first level, but with a higher percentage:
TP_Level2 = Entry Price * (1 + tp_level2 / 100) for long trades
TP_Level2 = Entry Price * (1 - tp_level2 / 100) for short trades
The strategy exits another portion of the position (`tp_percent2`) at this level.
3. Third Take Profit Level: The final take profit level:
TP_Level3 = Entry Price * (1 + tp_level3 / 100) for long trades
TP_Level3 = Entry Price * (1 - tp_level3 / 100) for short trades
The remaining portion of the position (`tp_percent3`) is exited at this level.
This multi-step approach provides a balance between securing profits and allowing the remaining position to benefit from continued favorable market movement.
█ Trade Direction
The strategy allows traders to specify the trade direction through the `tradeDirection` input. The options are:
1. Both: The strategy will take both long and short positions based on the entry signals.
2. Long: The strategy will only take long positions.
3. Short: The strategy will only take short positions.
This flexibility enables traders to tailor the strategy to their market outlook or current trend analysis.
█ Usage
To use the Multi-Step FlexiSuperTrend strategy, traders need to set the input parameters according to their trading style and market conditions. The strategy is designed for versatility, allowing for various market environments, including trending and ranging markets.
Traders can also adjust the multi-step take profit levels and percentages to match their risk management and profit-taking preferences. For example, in highly volatile markets, traders might set wider take profit levels with smaller percentages at each level to capture larger price movements.
The normalization method and the incremental factor can be fine-tuned to adjust the sensitivity of the SuperTrend Polyfactor Oscillator, making the strategy more responsive to minor market shifts or more focused on significant trends.
█ Default Settings
The default settings of the strategy are carefully chosen to provide a balanced approach between risk management and profit potential. Here is a breakdown of the default settings and their effects on performance:
1. Indicator Length (10): This parameter controls the lookback period for the ATR calculation. A shorter length makes the strategy more sensitive to recent price movements, potentially generating more signals. A longer length smooths out the ATR, reducing sensitivity but filtering out noise.
2. Starting Factor (0.618): This is the initial multiplier used in the SuperTrend calculation. A lower starting factor makes the SuperTrend bands closer to the price, generating more frequent trend changes. A higher starting factor places the bands further away, filtering out minor fluctuations.
3. Increment Factor (0.382): This parameter controls how much the factor increases with each iteration of the SuperTrend calculation. A smaller increment factor results in more gradual changes in sensitivity, while a larger increment factor creates a wider range of sensitivity across the iterations.
4. Normalization Method (None): The default is no normalization, meaning the raw deviations are used. Normalization methods like Max-Min or Absolute Sum can make the deviations more consistent across different market conditions, improving the reliability of the oscillator.
5. Take Profit Levels (2%, 8%, 18%): These levels define the thresholds for exiting portions of the position. Lower levels (e.g., 2%) capture smaller profits quickly, while higher levels (e.g., 18%) allow positions to run longer for more significant gains.
6. Take Profit Percentages (30%, 20%, 15%): These percentages determine how much of the position is exited at each take profit level. A higher percentage at the first level locks in more profit early, reducing exposure to market reversals. Lower percentages at higher levels allow for a portion of the position to benefit from extended trends.
Grayscale GSOL Solana Financials [NeoButane]This script shows Grayscale's GSOL financials based on the information from their website. Investors and traders like to use financials when making the decision to buy, sell, or hold.
►Usage
This script is specific to GSOL. Investors and traders use financials when making the decision to buy, sell, or hold. How one interprets financials is up to the individual. For example, investors who believe a Solana ETF is coming soon can view the "% Discount / Premium to NAV", which is currently over 600%, and decide not to buy because the premium would collapse if an ETF began trading.
►Configuration
Data select the data you'd like to display.
Show Highest label show the highest value of the entire data set.
Line Color an expression of self.
Extrapolate Data Using Average or Last Known Value Shows a line beyond the dataset, using the average of all past data or the last data point to predict newer data. % Discount / Premium to NAV, Share Premium, and SOL Per Share are supported.
→Data retrieved from Grayscale
AUM assets under management.
NAV net asset value.
Market Price market price of GSOL.
Shares Outstanding number of shares held in the open market.
→Data retrieved from Grayscale, modified by me
% Discount / Premium to NAV the % away NAV is from the market price of GSOL.
Formula: (GSOL - NAV) / NAV
Share Premium the actual $ premium of GSOL to its NAV.
Formula: GSOL - NAV
SOL Per Share the amount of SOL 1 share of GSOL can redeem. This is derived using Kraken's SOLUSD daily close prices.
Formula: Kraken's SOLUSD / NAV
SOL Price Using Market Price Premium the price of SOL if GSOL's market price was "correct" and the SOL Per Share ratio remained the same.
Formula: GSOL / SOL Per Share
►How this works
Grayscale has a spreadsheet of historical data available on their GSOL page. Since financials are not available for OTC:GSOL, I placed all the data into arrays to emulate a symbol's price (y) coordinates. UNIX time for each day, also in an array, is used as the time (x) coordinates. The UNIX arrays and data arrays are then looped to plot as lines, with data y2 being the next data point, making it appear as a continuous line.
Grayscale's GSOL was downloaded spreadsheet and opened in Excel. SOLUSD prices were exported using TradingView export function. The output of information was pasted into Pine Script. For matching up Kraken's SOLUSD prices to each Grayscale's data since GSOL does not trade daily, dates were converted to UNIX and matched with xlookup(). A library or seed will be used in the future for updating.
References
Data retrieved from Grayscale's website 2024/08/04.
www.grayscale.com
Quantity of Solana held by the trust can be seen in their filings. Ctrl + F "Quantity of
SOL "
www.grayscale.com
Q1 2024: www.grayscale.com
The high premium can partly be explained by private placement currently being closed. This means private sales can't dilute share value.
www.etf.com
Logarithmic and Linear Fibonacci LevelsIntroduction
Fibonacci levels are a technical analysis tool used by some traders to identify potential support and resistance levels. The principle for determining these levels is to take the distance between selected reference high and low points (swing high and swing low in general) as 1 unit and mark the ratios derived from the Fibonacci sequence, such as 0.236, 0.382, 0.618, etc., over this 1 unit. In the conventional method of level determination, the 1 unit is divided into equal distances within itself, and Fibonacci levels are determined based on these equal distances. These types of levels are called Linear Levels . A relatively less common method involves dividing the 1 unit into progressively smaller, more accurately described as proportionally equal, distances and determining Fibonacci levels based on these distances. These types are called Logarithmic Levels . The purpose of this indicator is to provide ease of use in determining both Linear and Logarithmic levels.
Where can it be Used?
Logarithmic Levels can be used in any instrument where volatility is high for any reason. Specifically in crypto, Logarithmic Levels work very well for BINANCE:BTCUSDT (to observe this, please study the wick from January 23, 2024). As another example, Logarithmic Levels can be used to identify potential accumulation and distribution schemes in altcoins with relatively high volume and market capitalization (refer to the chart provided above BINANCE:FETUSDT ). Additionally, when analyzing traditional markets, Logarithmic Levels can be beneficial for stocks with highly inflated or deflated prices (e.g., NASDAQ:TSLA , NASDAQ:NVDA ), in stock markets of countries battling high inflation (e.g., BIST:XU100 ), or in currency pairs of countries experiencing a recession (e.g., FX_IDC:JPYUSD ).
How can it be Used?
It is designed similarly to the Fibonacci Tool provided by Trading View to ensure users feel familiar with it. When you start the indicator, select the reference levels (Level 1 and Level 0), then click on the indicator settings to choose specific levels and customize them according to your preferences.
What Makes it Unique?
Indeed, in the Fibonacci Tool provided by Trading View, we can see both linear and logarithmic levels. However, to view logarithmic levels, it is necessary to switch the relevant instrument's Super Chart to a logarithmic scale. This causes the levels we want to remain 'linear' to also be displayed in their logarithmic form, potentially leading to errors in other indicators we use, incorrect functioning of trend lines drawn in linear scaling, and so on. Additionally, when the Super Chart is scaled logarithmically, it prevents the ability to set alerts for prices and trend lines. This indicator was created to avoid these problems without needing to change the chart's scaling method and to allow the simultaneous viewing of both Linear and Logarithmic levels.
ArbitrageDashboardv3310824This indicator allows you to monitor the spread (difference in exchange rates) between two assets in real-time for up to 12 trading pairs simultaneously.
⚙️ How does the indicator work?
In the settings menu, you can select two trading pairs, such as BTCUSDT on Binance and BTCUSDT on Bybit. The script then fetches prices from both exchanges and compares them, calculating the percentage difference (spread). This process is repeated for all 12 trading pairs added in the settings. The script works only with the assets and exchanges available on TradingView.
⚡️ How to use it?
When the spread is negative, it means the asset's price on the first exchange is lower than on the second. By buying on the first exchange and selling on the second, you can make a profit (taking into account the exchange fees). When the spread is positive, the opposite is true. The buy prices and exchanges are shown in a green Buy row, while sell prices and exchanges are displayed in a red Sell row. If the spread is zero, prices are the same on both exchanges, and no arbitrage opportunity exists. For better accuracy, use the smallest timeframe available in your TradingView subscription, such as minute or second intervals.
🕒 Arbitrage Situation Counter
For each trading pair, the table below the Buy row shows the number of arbitrage situations within a specified timeframe. An arbitrage situation occurs when the spread exceeds the Signal Threshold Level set by the user. Each time this happens, the counter increases by one. It only counts situations that occurred within the selected timeframe, such as the past hour for a 1-hour period. You can track arbitrage situations for up to three different periods simultaneously, ranging from 5 minutes to 24 hours. This counter helps evaluate the potential for arbitrage in the selected trading pairs. If a pair shows only 1-2 arbitrage situations per hour, it might be better to look for another pair.
🔔 Setting Up Alerts
In the script settings, you can set the Spread Signal Threshold. When the spread reaches this level, the table for that asset will be highlighted. This threshold also acts as a signal for setting up alerts. To set alerts, go to the Alerts tab in the TradingView menu on the right, click "Create Alert", and select this indicator under "Condition". You can then name the alert and finish the setup by clicking "Create".
We, the authors, have long been involved in cryptocurrency arbitrage and created this script for our own trading, but you can use it for any assets and markets as you see fit.
We also offer lighter versions of the indicator that track the spread for one or three trading pairs. These versions also display the spread chart, which can be useful for historical analysis. If the full indicator is too resource-intensive for your device, try these lighter versions:
🧩 Arbitrage Spread v1 : 1 pair + 1 chart
🧩 Arbitrage Spread v2 : 3 pairs + 3 charts
If your hardware can handle it, you can use the 12-pair version as a dashboard and add one of the versions with a spread chart for a detailed view of one or three pairs.
--
Этот индикатор позволяет в реальном времени отслеживать изменение спреда (разницы в цене) между двумя активами для 12 торговых пар одновременно.
⚙️ Как работает индикатор?
В меню настроек индикатора пользователь выбирает две торговые пары, например BTCUSDT на бирже Binance и BTCUSDT на бирже Bybit. Скрипт получает цены с обеих бирж и сравнивает их, рассчитывая процентное отклонение (спред). Этот процесс выполняется для всех 12 торговых пар, указанных в настройках. Скрипт работает только с теми активами и биржами, которые доступны на TradingView.
⚡️ Как использовать?
Когда спред отрицательный, это означает, что цена на первый актив ниже, чем на второй. В таком случае можно купить актив на первой бирже и продать на второй, получив прибыль (не забывая учитывать биржевые комиссии). Когда спред положительный, ситуация обратная. Биржи и цены для покупки отображаются в зеленой строке Buy, а для продажи – в красной строке Sell. При нулевом спреде цены на обеих биржах одинаковы, и арбитражная ситуация отсутствует.
Для повышения точности индикатора используйте минимально доступный таймфрейм на TradingView – минутный или секундный.
🕒 Счетчик арбитражных ситуаций
По каждой торговой паре в таблице под строкой Buy отображается количество арбитражных ситуаций за определенный промежуток времени. Арбитражная ситуация возникает, когда спред превышает установленный пользователем сигнальный уровень (Signal Threshold Level). При каждом превышении этого уровня счетчик увеличивается на единицу. Счетчик учитывает арбитражные ситуации за определенный период, например, за последний час для 1-часового периода (1h). Можно отслеживать количество арбитражных ситуаций одновременно для трех временных периодов от 5 минут до суток.
Счетчик помогает оценить перспективность арбитража выбранных пар. Если за час на паре было всего 1-2 арбитражные ситуации, возможно, лучше поискать другую пару.
🔔 Настройка оповещений
В настройках скрипта можно задать пороговое значение спреда (Spread Signal Threshold). Когда спред достигнет этого уровня, таблица для данного актива будет подсвечена. Этот уровень также служит сигналом для настройки оповещений.
Для настройки оповещений откройте вкладку «Оповещения» в меню TradingView справа. Нажмите кнопку «Создать оповещение». В открывшемся окне в строке «Условие» выберите данный индикатор. Затем задайте название и завершите настройку, нажав кнопку «Создать».
Мы, авторы этого скрипта, давно занимаемся арбитражем криптовалют и создали его для себя, но вы можете использовать его для любых активов и на любых рынках по своему усмотрению.
У нас также есть более простая версия индикатора, которая отслеживает спред для одной или трех торговых пар. В этих версиях можно просматривать график самого спреда, что полезно для оценки его динамики. Если этот индикатор кажется вам или вашему устройству слишком тяжелым, вы можете воспользоваться облегченными версиями:
🧩 Arbitrage Spread v1 : 1 пара + 1 график
🧩 Arbitrage Spread v2 : 3 пары + 3 графика
Если ваше оборудование позволяет, вы можете добавить несколько индикаторов на экран. Например, использовать версию с 12 парами как дашборд, а одну из версий с графиком спреда для более детального анализа по одному или трем инструментам.
Preday Price ChannelPreday Price Channel Indicator
This indicator is designed to help traders easily observe and capitalize on key price levels and their implications on market trends. It displays the previous day's high and low prices, as well as lines representing Fibonacci ratios between these prices. When a high or low is double-broken (retested and broken again), the indicator confirms a trend change and fills the channel with orange or navy color to visually indicate this shift.
Before a large directionality appears in the market, a breakout of the previous day's high or low must occur in that direction. As long as the previous day's low is maintained, an uptrend persists, and as long as the previous day's high is maintained, a downtrend persists.
In the crypto market, the significance of the previous day's high or low is often underemphasized and less known. This simple indicator was created to help traders observe the powerful influence of the previous day's high and low, and to potentially use it to their advantage in trading.
Wishing you successful trading with this tool.
Options
Day Open: Check this box to display the current day's opening price on the chart. The opening price of the day often remains intact and is one of the simplest and most powerful indicators of whether the day's trend is upward or downward.
Preday Open: Check this box to display the previous day's opening price on the chart. The previous day's opening price often exhibits a strong tendency for retests.
Preday High and Low: Check this box to display the previous day's high and low prices on the chart. These levels are critical for determining potential breakout points.
FIB On: Check this box to display the Fibonacci ratios between the previous day's high and low prices. This feature helps identify potential support and resistance levels within this range.
Day Mid On: Check this box to display the midpoint of the preday's price range on the chart. This serves as a reference point for trend changes.
Day Trend Color On: Check this box to enable color-coding for uptrends and downtrends based on the previous day's high and low prices.
When the previous day's high is breached, the trend value is set to 2, and an orange shaded area is filled in.
When the previous day's low is breached, the trend value is set to -2, and a navy shaded area is filled in.
When a high or low is double-broken (retested and broken again), the indicator confirms the trend change, filling the channel with orange for an uptrend and navy for a downtrend to make it easy for users to recognize the trend change.
These trend values and colors remain as long as the midpoint of the previous day's price range is not violated, indicating the trend is still valid.
If, during a downtrend (trend value of -2), the low price crosses above the previous day's midpoint, the trend value changes to 1, indicating a potential issue in the downtrend, and a light orange color is displayed.
Conversely, if, during an uptrend (trend value of 2), the high price crosses below the previous day's midpoint, the trend value changes to -1, signaling a potential issue in the uptrend, and a light navy color is displayed.
This comprehensive set of features allows traders to make informed decisions by clearly observing key price levels and their implications on market trends.
Multi Asset Histogram [ChartPrime]Multi Asset Histogram Indicator
Overview:
The "Multi Asset Histogram" indicator provides a comprehensive visualization of the performance of multiple assets relative to each other. By calculating a score for each asset and displaying it in a histogram format, this indicator helps traders quickly identify the trends, dominant asset and the average performance of the assets in the selected group.
Key Features:
◆ Multi-Asset Score Calculation:
The indicator calculates a trend score for each selected asset based on the price source (e.g., hl2).
The trend score is determined by comparing the current price to the prices over the past bars back defined by user, adding or subtracting points based on whether the current price is higher or lower than previous prices.
// Score Function
trscore(src) =>
total = 0.0
for i = 1 to 50
total += (src >= nz(src ) ? 1 : -1)
total
◆ Flexible Symbol Input:
Traders can input up to 10 different symbols (e.g., BTCUSD, ETHUSD, etc.) to be included in the histogram analysis.
◆ Dynamic Visualization:
A histogram is plotted for each asset, with bars colored based on the score, providing a clear visual representation of the relative performance.
Color gradients from red to aqua indicate the performance, with red representing negative scores and aqua representing positive scores.
◆ Adaptive Histogram Lines:
The width and placement of histogram lines adapt based on the calculated scores, ensuring clear visualization regardless of the values.
Dashed lines represent the mean score of all assets, helping traders identify the overall market trend.
◆Detailed Labels and Values:
Labels are placed on the histogram to display the exact score for each asset.
Mean value and zero line labels provide additional context for the overall performance.
◆ Visual Scaling Lines:
Zero line and mean line are clearly marked, helping traders understand the distribution and scale of scores.
Scales on the left and right of the histogram indicate the performance range.
◆ Informative Table:
A table is displayed on the chart, showing the dominant asset (the one with the highest score) and the mean score of all assets.
The table updates dynamically to reflect real-time changes in asset performance.
◆ Settings:
Length: The value of number bars back is greater or less than the current value of the source
Source: The price source to be used for score calculation (e.g., hl2).
Symbols: Up to 10 different asset symbols can be input for analysis.
Usage Notes:
This indicator is useful for traders who monitor multiple assets simultaneously and need a quick visual reference to identify the strongest and weakest performers.
The color coding and dynamic labels make it easy to interpret the relative performance and make informed trading decisions.
This indicator is designed to enhance multi-asset analysis by providing a clear, visual representation of each asset's performance relative to the others, making it easier to identify trends and dominant assets in the market.
