Notional Trade Table
Notional Trade Table indicator displays notional trade values for given Buy and Sell of given input of Symbol, Quantity, Entry Price and Stop Loss .
Sections of Input Menu Table are supported with Tool Tip icons.
Input Symbols:
(Refer Input Menu)
User can choose maximum 20 Symbols.
Input Side Choice (BUY/SELL):
(Refer Input Menu)
After choosing Symbol, User has to choose the BUY or SELL option for each Symbol against the corresponding Sybol number. If NIL is selected “Nil is selected ” message is displayed prompting the user to select BUY or SELL sides.
For example in the above Input Menu:
Sym1 is BATS:AAPL. Corresponding Side 1 is Sell1.
Sym2 is BATS:NVDA Corresponding Side 2 Sell 2.
Sym12 is BATS:NFLX. Corresponding Side 12 is Buy12 and so on.
Input Quantity:
(Refer Input Menu)
Next enter Corresponding Quantity of BUY or SELL in relevant Quantity Input Box. Quantity cannot be Zero. Defval is 1.
For Sym1 input in Qty 1 box,for Sym2 input in Qty 2 box and so on.
Input Entry Price:
(Refer Input Menu)
After entering Quantity Input Entry Price for Corresponding Symbol.
Input for Sym1 Entry Price in EP1 box
Input for Sym2 Entry Price in EP2 box
and so on.
Input Stop Loss:
(Refer Input Menu)
Next Enter corresponding Stop Loss for each Symbol.
SL1 input box denotes Sym1 Stop Loss.
SL2 input box denotes Sym2 Stop Loss.
SL3 input box denotes Sym3 Stop Loss and so on.
Stop Loss for Chosen BUY side should be below corresponding Entry Price/Last Price. Otherwise a message is displayed “SL Hit”. User has to enter valid data.
Stop Loss for Chosen SELL side should be above corresponding Entry Price/Last Price. Otherwise a message is displayed “SL Hit”. User has to enter valid data.
Notional Trade Table:
(Refer the Table on Chart)
From the input menu filled by User script captures the Symbol, BUY/SELL options, Quantity,
Entry Price and Stop Loss details under the corresponding heads in the Notional Trade Table.
The script captures the live Last traded Price under the head LP and calculates and displays corresponding Profit or Loss under PR/LO column in the table.
SL+- LP is the difference between Last traded Price (LP) and Stop Loss Price. Positive figure under this head reflects Stop Loss cushion available .
Nil header column reflects message “NIL selected” prompting the User to select BUY or SELL sides.
SLH header displays “SL Hit” on Stop Loss Hit or wrong input of Stop Loss inconsistent with BUY or SELL sides of Trade. On “SL Hit” message all values in corresponding Symbol becomes Zero. User has to re-enter the details fresh .
On the top left side corner of the table there are 2 cells with Prono and Lono.They denote the number of trades which are in Profit (Prono) and which are in Loss(Lono).
It is preferable to choose Symbols from a single country exchange commensurate with the Time zone. Otherwise if Exchange and Chart time Zone differs there is risk of data loss in the table.
DISCLAIMER: For educational and entertainment purpose only .Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security/ies or investment/s.
Cerca negli script per "entry"
Triple Moving Average CrossoverBelow is the Pine Script code for TradingView that creates an indicator with three user-defined moving averages (with default periods of 10, 50, and 100) and labels for buy and sell signals at key crossovers. Additionally, it creates a label if the price increases by 100 points from the buy entry or decreases by 100 points from the sell entry, with the label saying "+100".
Explanation:
Indicator Definition: indicator("Triple Moving Average Crossover", overlay=true) defines the script as an indicator that overlays on the chart.
User Inputs: input.int functions allow users to define the periods for the short, middle, and long moving averages with defaults of 10, 50, and 100, respectively.
Moving Averages Calculation: The ta.sma function calculates the simple moving averages for the specified periods.
Plotting Moving Averages: plot functions plot the short, middle, and long moving averages on the chart with blue, orange, and red colors.
Crossover Detection: ta.crossover and ta.crossunder functions detect when the short moving average crosses above or below the middle moving average and when the middle moving average crosses above or below the long moving average.
Entry Price Tracking: Variables buyEntryPrice and sellEntryPrice store the buy and sell entry prices. These prices are updated whenever a bullish or bearish crossover occurs.
100 Points Move Detection: buyTargetReached checks if the current price has increased by 100 points from the buy entry price. sellTargetReached checks if the current price has decreased by 100 points from the sell entry price.
Plotting Labels: plotshape functions plot the buy and sell labels at the crossovers and the +100 labels when the target moves are reached. The labels are displayed in white and green colors.
Grid TraderGrid Trader Indicator ( GTx ):
Overview
The Grid Trader Indicator is a tool that helps traders visualize key levels within a specified trading range. The indicator plots accumulation and distribution levels, an entry level, an exit level, and a midpoint. This guide will help you understand how to use the indicator and its features for effective grid trading.
Basics of Trading Range, Grid Buy, and Grid Sell
Trading Range
A trading range is the horizontal price movement between a defined upper ( resistance ) and lower ( support ) level over a period of time. When a security trades within a range, it repeatedly moves between these two levels without trending upwards or downwards significantly. Traders often use the trading range to identify potential buy and sell points:
Upper Level (Resistance): This is the price level at which selling pressure overcomes buying pressure, preventing the price from rising further.
Lower Level (Support): This is the price level at which buying pressure overcomes selling pressure, preventing the price from falling further.
Grid Trading Strategy
Grid trading is a type of trading strategy that involves placing buy and sell orders at predefined intervals around a set price. It aims to profit from the natural market volatility by buying low and selling high in a range-bound market. The strategy divides the trading range into several grid levels where orders are placed.
Grid Buy
Grid buy orders are placed at intervals below the current price . When the price drops to these levels, buy orders are triggered . This strategy ensures that the trader buys more as the price falls, potentially lowering the average purchase price .
Grid Sell
Grid sell orders are placed at intervals above the current price . When the price rises to these levels, sell orders are triggered . This ensures that the trader sells portions of their holdings as the price increases, potentially securing profits at higher levels .
Key Points of Grid Trading
Grid Size : The interval between each buy and sell order. This can be constant (e.g., $2 intervals) or variable based on certain conditions.
Accumulation Range : The lower part of the trading range where buy orders are placed.
Distribution Range : The upper part of the trading range where sell orders are placed.
Midpoint : The average price of the entry and exit levels, often used as a reference point for balance.
As the price moves up and down within this range, your buy orders will be triggered as the price drops and your sell orders will be triggered as the price rises. This allows you to accumulate more of the asset at lower prices and sell portions at higher prices, profiting from the price oscillations within the defined range. Grid trading can be particularly effective in a sideways market where there is no clear long-term trend. However, it requires careful monitoring and adjustment of grid levels based on market conditions to minimize risks and maximize returns .
Configuring the Indicator :
Once the indicator is added, you will see a settings icon next to it. Click on it to open the settings menu.
Adjust the Upper Level , Lower Level , Entry Level , and Exit Level to match your trading strategy and market conditions.
Set the Levels Visibility to control how many bars back the levels will be plotted.
Interpreting the Levels :
Accumulation Levels : These are plotted below the entry level and are potential buy zones. They are labeled as Accumulation Level 1, 2, and 3.
Distribution Levels : These are plotted above the exit level and are potential sell zones. They are labeled as Distribution Level 1, 2, and 3.
Upper Level : Marked in fuchsia, indicating the top boundary of the trading range.
Exit Level : Marked in yellow, indicating the level at which you plan to exit trades.
Midpoint : Marked in white, indicating the average of the entry and exit levels.
Entry Level : Marked in yellow, indicating the level at which you plan to enter trades.
Lower Level : Marked in aqua, indicating the bottom boundary of the trading range.
By visualizing key levels, you can make informed decisions on where to place buy and sell orders, potentially maximizing your trading profits through systematic grid trading.
Wolf DCA CalculatorThe Wolf DCA Calculator is a powerful and flexible indicator tailored for traders employing the Dollar Cost Averaging (DCA) strategy. This tool is invaluable for planning and visualizing multiple entry points for both long and short positions. It also provides a comprehensive analysis of potential profit and loss based on user-defined parameters, including leverage.
Features
Entry Price: Define the initial entry price for your trade.
Total Lot Size: Specify the total number of lots you intend to trade.
Percentage Difference: Set the fixed percentage difference between each DCA point.
Long Position: Toggle to switch between long and short positions.
Stop Loss Price: Set the price level at which you plan to exit the trade to minimize losses.
Take Profit Price: Set the price level at which you plan to exit the trade to secure profits.
Leverage: Apply leverage to your trade, which multiplies the potential profit and loss.
Number of DCA Points: Specify the number of DCA points to strategically plan your entries.
How to Use
1. Add the Indicator to Your Chart:
Search for "Wolf DCA Calculator" in the TradingView public library and add it to your chart.
2. Configure Inputs:
Entry Price: Set your initial trade entry price.
Total Lot Size: Enter the total number of lots you plan to trade.
Percentage Difference: Adjust this to set the interval between each DCA point.
Long Position: Use this toggle to choose between a long or short position.
Stop Loss Price: Input the price level at which you plan to exit the trade to minimize losses.
Take Profit Price: Input the price level at which you plan to exit the trade to secure profits.
Leverage: Set the leverage you are using for the trade.
Number of DCA Points: Specify the number of DCA points to plan your entries.
3. Analyze the Chart:
The indicator plots the DCA points on the chart using a stepline style for clear visualization.
It calculates the average entry point and displays the potential profit and loss based on the specified leverage.
Labels are added for each DCA point, showing the entry price and the lots allocated.
Horizontal lines mark the Stop Loss and Take Profit levels, with corresponding labels showing potential loss and profit.
Benefits
Visual Planning: Easily visualize multiple entry points and understand how they affect your average entry price.
Risk Management: Clearly see your Stop Loss and Take Profit levels and their impact on your trade.
Customizable: Adapt the indicator to your specific strategy with a wide range of customizable parameters.
MTF HalfTrendIntroduction
A half-trend indicator is a technical analysis tool that uses moving averages and price data to find potential trend reversal and entry points in the form of graphical arrows showing market turning points.
The salient features of this indicator are:
- It uses the phenomenon of moving averages.
- It is a momentum indicator.
- It can indicate a trend change.
- It is capable of detecting a bullish or bearish trend reversal.
- It can signal to sell/buy.
- It is a real-time indicator.
Multi-Timeframe Application
A standout feature is its flexibility across timeframes. Traders have the liberty to choose any timeframe on the chart, enhancing the tool's versatility and making it suitable for both short-term and long-term analyses.
Principle of the Half Trend indicator
This indicator is based on the moving averages. The moving average is the average of the fluctuation or change in the price of an asset. These averages are taken for a time interval.
So, a half-trend indicator takes the moving averages phenomenon as its principle for working. The most commonly used moving averages in a half trend indicator are:
- Relative strength index (RSI)
- EMA (estimated moving average)
Components of a Half Trend indicator
There are two main components of a half trend indicator:
- Half trend line
- Arrows
- ATR lines
Half trend line
Half trend line represents this indicator on a candlestick chart. This line shows the trend of a chart in real-time. A half-trend line is based on the moving averages.
There are two further components of a half-trend line:
- Redline
- Blue line
A red line represents a bearish trend. When the half-trend line turns red, a trend is facing a dip. It is time for the bears to take control of the market. A bearish control of the market represents the domination of sellers in the market.
On the other hand, the blue line represents the bullish nature of the market. It tells a trader that the bullish sentiment of the market is prevailing. A bullish market means the number of buyers is significantly greater than the number of sellers.
Moreover, a trader can change these colors to his choice by customization.
Arrows
There are two types of arrows in this indicator which help a trader with the entry and exit points. These arrows are,
- Blue arrow
- Red arrow
A blue arrow signals a buying trade; on the other hand, a red arrow tells a trader about the selling of the assets. These arrows work with the moving average line to formulate a trading strategy.
The color of these arrows is changed if a trader desires so.
ATR lines
The ATR blue and red lines represent the Average True Range of the Half trend line. They may be used as stop loss or take profit levels.
Pros and Cons
Pros
- It is a very easy to eyes indicator.
- This is a very useful friendly indicator.
- It provides sufficient information to beginner traders.
- It provides sufficient information for entry points in a trade.
- A half-trend indicator provides a good exit strategy for a trader.
- It provides information about market reversals.
- It helps a trader to find a bullish and bearish sentiment in the market.
Cons
- It is a real-time indicator. So, it can lag.
- The lagging of this indicator can lead to miss opportunities.
- The most advanced and professional traders may not rely on this indicator for crucial trading decisions.
- The lagging of this indicator can predict false reversals of the market.
- It can create false signals.
- It requires the confluence of the other technical tools for a better success ratio.
Settings for Half Trend indicator
The default settings for half trend indicator are:
Amplitude = 2
Channel deviation = 2
Different markets or financial instruments may require different settings for optimal execution.
Amplitude: The degree that the Half trend line takes the internal variables into consideration. The higher the number, the fewer trades. The default value is 2.
Channel deviation: The ATR value calculation from the Half trend line. The default value is 2.
Trading strategy
It is an effective indicator in terms of strategy formation for a trading setup. The new and beginner trades can take benefit from this indicator for the formulation of a good trading setup. This indicator also helps seasoned and professional traders formulate a good trading setup with other technical tools.
The trading strategy involving a half-trend indicator is divided into three parts:
- Entry and exit
- Risk management
- Take profit
Entry and exit
It is an effective indicator that provides sufficient information about the entry and exit points in a trading setup. The profit of a trader is directly proportional to the appropriate entry and exit points. So, it is a crucial step in any trading setup.
The blue and red arrows provide information about the entry and exit points in a trading setup. Furthermore, the entry and exit for the bullish and bearish setups are as follows.
Entry and exit for a bullish setup
If a blue arrow appears under the half-trend line, it means the bullish sentiment of the market is getting stronger in the future. So, it is a signal for entry in a bullish setup.
As the red arrow appears on the chart, it is a signal to exit your trade. The red arrow represents a reversal in the market, so it is a good opportunity to close your trade in a bullish setup.
Entry and exit for a bearish setup
Suppose a red arrow appears above the red moving average line. It is a good opportunity to enter a trade in a bearish setup. The red line represents that sooner the sellers are going to take control and the value of the asset is about to face a dip. So it is the best time to make your move.
As the opposite arrow appears in the chart, it is time to exit from a bearish trade setup.
Re-entering a position
Bullish setup
- The half-trend line is blue.
- At least one candle closes below the blue half-trend line.
- Enter on the candle that closes above the blue half-trend line.
Bearish setup
- The half-trend line is red.
- At least one candle closes above the red half-trend line.
- Enter on the candle that closes below the red half-trend line.
Risk management
Risk management is an integral part of a trading setup. It is an important step to protect your potential profits and losses.
When trading in a bullish market, place the stop loss at the prior swing low. It will help you to cut your losses in case the prices move to the lower end.
In the case of a bearish market, place your stop loss above the prior swing high.
A trader may trail the stop loss using the ATR lines.
The new trader often makes mistakes in the placement of the stop loss. If you don’t place the stop loss at an appropriate point. It can drain your bank account and ruin your trading experience. Is is recommended not to risk more than 2% of your trading account, per trade.
Take profit
The blue ATR line may be used as one take profit level on a bullish setup followed by the previous swing high. The signal reversal would indicate the final take profit and closing of any position.
The red ATR line may be used as one take profit level on a bearish setup followed by the previous swing low. The signal reversal would indicate the final take profit and closing of any position.
Conclusion
A half trend indicator is a decent indicator that can transform your trading experience. It is a dual indicator that is based on the moving averages as well as helps you to form a trading strategy. If you are a new trader, this indicator can help you to learn and flourish in the trading universe. If you are a seasoned trader, I recommend you use this indicator with other technical analysis tools to enhance your success ratio.
All credits go to:
- @everget the original creator of this indicator (I just added the MTF capability).
- Ali Muhammad original author of much of the description used.
Trend Signals with TP & SL [UAlgo]The "Trend Signals with TP & SL " indicator is a versatile tool designed to assist traders in identifying potential trend continuation opportunities within financial markets Utilizing a combination of technical indicators and user-defined parameters, this indicator aims to provide clear and actionable signals to aid traders in making informed trading decisions.
🔶 Features:
Trend Continuation Signals : The indicator generates signals to identify potential trend continuation points based on the input parameters such as sensitivity, ATR length, and cloud moving average length.
Take-Profit and Stop-Loss Levels: It calculates and plots three levels of take-profit (1R, 2R, 3R) and stop-loss levels based on the entry price of the trade.
Short Position Example:
Long Position Example:
Visualization: The script visualizes the trend signals, entry points, take-profit levels, and stop-loss levels on the price chart, making it easier for traders to interpret the signals.
Alert System: The indicator includes an alert system that notifies the user when there is a change in trend direction or when a buy/sell signal is generated. The alerts provide essential information such as entry price, take-profit levels, and stop-loss levels.
🔶 Calculations :
Trend Calculation: Trend signals are determined based on the comparison between the current closing price and the upper and lower bounds calculated using the Average True Range (ATR) multiplied by a sensitivity factor. A trend is considered bullish if the closing price is above the upper bound and bearish if it's below the lower bound.
Entry, Stop Loss, and Take Profit Calculation: Entry points for long and short positions are identified when there's a change in trend direction.
Stop-loss levels are calculated as a percentage of the entry price, where users can define the percentage based on their risk tolerance.
Take-profit levels are calculated as multiples of the stop-loss level (1R, 2R, 3R).
Cloud Moving Averages: Simple moving averages (SMAs) are calculated for high and low prices over a specified period to create a "cloud" visualization on the chart.
MACD Clouds: Moving Average Convergence Divergence (MACD) indicator is used to determine the market's momentum and trend direction. Positive and negative clouds are plotted based on the MACD line and its signal line, indicating potential bullish or bearish trends.
Signal Generation: Buy and sell signals are generated based on specific conditions such as RSI, CMO (Chande Momentum Oscillator), and pivot points.
Signals are triggered when certain criteria are met, indicating potential opportunities for entering or exiting trades.
🔶 Disclaimer:
Use at Your Own Risk: Trading involves significant risk, and this script is provided for educational and informational purposes only. It does not guarantee profitable trades, and users should exercise caution and perform their own analysis before making trading decisions.
Parameter Sensitivity: The effectiveness of the indicator may vary depending on the chosen parameters, market conditions, and timeframe. Users are encouraged to backtest the script thoroughly and adjust the parameters according to their trading preferences.
Not Financial Advice: The information provided by this script should not be considered as financial advice. Users are solely responsible for their trading decisions and should consult with a qualified financial advisor if needed.
Backtesting and Validation: Before implementing this indicator in live trading, users are strongly encouraged to conduct rigorous backtesting and validation to assess its performance under various market conditions. Past performance is not indicative of future results, and users should carefully evaluate the effectiveness of the indicator based on their individual trading preferences and risk tolerance.
Ceres Trader Position and Risk Management ToolNOTE: It won't properly scale until you enter an entry point that is located on the chart. It's a feature not a bug. After that, you will see the entry, s/l, and target price lines properly displayed on the chart.
The "Ceres Trader Position and Risk Management Tool" is a comprehensive indicator designed for TradingView, meticulously crafted for traders who prioritize effective risk management and clear position visualization. This tool seamlessly integrates with your trading strategy, providing crucial information about your trades directly on your chart.
Key Features:
Position Type Visualization: Displays long or short positions with distinct color-coded lines and boxes for easy recognition.
Entry, Stop Loss, and Target Levels: Visual markers for entry price, stop loss, and target price, enabling you to track your trade setup at a glance.
Risk Assessment: Calculates and displays the amount at risk based on the stop loss distance and the percentage of risk capital.
Profit Potential: Shows the potential profit in dollar terms if the target is reached, helping you understand the reward prospects of your trade.
Reward to Risk Ratio: Indicates the ratio of potential reward to risk, an essential metric for evaluating the efficiency of your trade setup.
Current P&L Tracking: Continuously updates the open profit and loss based on the current market price, giving you real-time insight into your trade's performance.
Customizable Risk and Reward Boxes: Allows personalization of the risk and reward zones with color options, enhancing chart clarity and visual appeal.
How to Use:
Setting Up Your Trade:
Input your trade details including position type (long or short), entry price, risk capital, risk percentage, reward-risk ratio, and stop loss distance.
Visualize Your Trade:
The tool will automatically plot the entry, stop loss, and target prices on the chart.
Risk and reward areas will be highlighted with customizable color boxes.
Monitor Your Risk and Reward:
View the amount risked and potential profit in dollar terms directly on the chart.
Keep track of the reward to risk ratio to assess trade efficiency.
Stay Informed of Real-time Performance:
The current P&L of your open position will be updated in real-time, helping you make informed decisions.
This tool is ideal for traders who follow disciplined risk management practices and want to keep essential trade information easily accessible. With the "Ceres Trader Position and Risk Management Tool," you are equipped to make strategic trading decisions backed by clear visual cues and critical data.
Option Buying Pivot and SMA 3 Pivot crossoverThis script is designed as a visual aid for options trading specifically for option buying, providing information about potential entry points, Option levels, and trade outcomes. Here's a summary of the key elements:
1. Pivot Point and True Range:*
- The script calculates the current candle's pivot point, representing an average of high, low, and close prices from the previous candle.
- True range, a measure of volatility, is determined using the high, low, and close prices of the last two candles.
2. Option Levels:
- Downside (PutValue - Red colour line) and upside (CallValue - Green Colour line) are calculated based on the current pivot point and true range.
PutValue = currentCandlePivot + currentCandleTrueRange
CallValue = currentCandlePivot - currentCandleTrueRange
3. Simple Moving Average (SMA) of Pivot Point:
- A 3-period SMA is applied to the pivot point to smooth out fluctuations.
4. Trade Entry Logic:
- Long entry is signalled when the current pivot point is above the SMA. (longEntry = currentCandlePivot > smaPivot)
- At the time of long entry BUY THE CALL OPTION OR SELL THE PUT OPTION near the CallValue Green line
- Short entry is signalled when the current pivot point is below the SMA. (shortEntry = currentCandlePivot < smaPivot)
- At the time of Short entry BUY THE PUT OPTION OR SELL THE CALL OPTION near the PutValue Red line
The indicator having option to change the background of the candle as a green for long; and change the background of the candle as red for short. Also, Having the option to plot as label.
5. Win and Loss Logic:
- Winning conditions are assessed based on the close price relative to CallValue (for Long) and PutValue (for Short).
- Losing conditions are determined similarly.
- winLong = close > CallValue and longEntry
- winShort = close < PutValue and shortEntry
-lossLong = close < CallValue and longEntry
-lossShort = close > PutValue and shortEntry
The indicator having option to change the background of the candle as a green for win; and change the background of the candle as red for loss. Also, Having the option to plot as label.
6. Background Coloring and Plots:
- The script uses background colors to highlight Long, Short, Win, and Loss scenarios.
- Shapes and labels are plotted on the chart to visually represent entry points, stop-loss levels, and trade outcomes.
The overall purpose is to provide traders with a clear visual representation of potential trading opportunities and outcomes, helping them make informed decisions in the options market.
Liquidations Meter [LuxAlgo]The Liquidation Meter aims to gauge the momentum of the bar, identify the strength of the bulls and bears, and more importantly identify probable exhaustion/reversals by measuring probable liquidations.
🔶 USAGE
This tool includes many features related to the concept of liquidation. The two core ones are the liquidation meter and liquidation price calculator, highlighted below.
🔹 Liquidation Meter
The liquidation meter presents liquidations on the price chart by measuring the highest leverage value of longs and shorts that have been potentially liquidated on the last chart bar, hence allowing traders to:
gauge the momentum of the bar.
identify the strength of the bulls and bears.
identify probable reversal/exhaustion points.
Liquidation of low-leveraged positions can be indicative of exhaustion.
🔹 Liquidation Price Calculator
A liquidation price calculator might come in handy when you need to calculate at what price level your leveraged position in Crypto, Forex, Stocks, or any other asset class gets liquidated to add a protective stop to mitigate risk. Monitoring an open position gets easier if the trader can calculate the total risk in order for them to choose the right amount of margin and leverage.
Liquidation price is the distance from the trader's entry price to the price where trader's leveraged position gets liquidated due to a loss. As the leverage is increased, the distance from trader's entry price to the liquidation price shrinks.
While you have one or several trades open you can quickly check their liquidation levels and determine which one of the trades is closest to their liquidation price.
If you are a day trader that uses leverage and you want to know which trade has the best outlook you can calculate the liquidation price to see which one of the trades looks best.
🔹 Dashboard
The bar statistics option enables measuring and presenting trading activity, volatility, and probable liquidations for the last chart bar.
🔶 DETAILS
It's important to note that liquidation price calculator tool uses a formula to calculate the liquidation price based on the entry price + leverage ratio.
Other factors such as leveraged fees, position size, and other interest payments have been excluded since they are variables that don’t directly affect the level of liquidation of a leveraged position.
The calculator also assumes that traders are using an isolated margin for one single position and does not take into consideration the additional margin they might have in their account.
🔹Liquidation price formula
the liquidation distance in percentage = 100 / leverage ratio
the liquidation distance in price = current asset price x the liquidation distance in percentage
the liquidation price (longs) = current asset price – the liquidation distance in price
the liquidation price (shorts) = current asset price + the liquidation distance in price
or simply
the liquidation price (longs) = entry price * (1 – 1 / leverage ratio)
the liquidation price (shorts) = entry price * (1 + 1 / leverage ratio)
Example:
Let’s say that you are trading a leverage ratio of 1:20. The first step is to calculate the distance to your liquidation point in percentage.
the liquidation distance in percentage = 100 / 20 = 5%
Now you know that your liquidation price is 5% away from your entry price. Let's calculate 5% below and above the entry price of the asset you are currently trading. As an example, we assume that you are trading bitcoin which is currently priced at $35000.
the liquidation distance in price = $35000 x 0.05 = $1750
Finally, calculate liquidation prices.
the liquidation price (longs) = $35000 – $1750 = $33250
the liquidation price (short) = $35000 + $1750 = $36750
In this example, short liquidation price is $36750 and long liquidation price is $33250.
🔹How leverage ratio affects the liquidation price
The entry price is the starting point of the calculation and it is from here that the liquidation price is calculated, where the leverage ratio has a direct impact on the liquidation price since the more you borrow the less “wiggle-room” your trade has.
An increase in leverage will subsequently reduce the distance to full liquidation. On the contrary, choosing a lower leverage ratio will give the position more room to move on.
🔶 SETTINGS
🔹Liquidations Meter
Base Price: The option where to set the reference/base price.
🔹Liquidation Price Calculator
Liquidation Price Calculator: Toggles the visibility of the calculator. Details and assumptions made during the calculations are stated in the tooltip of the option.
Entry Price: The option where to set the entry price, a value of 0 will use the current closing price. Details are given in the tooltip of the option.
Leverage: The option where to set the leverage value.
Show Calculated Liquidation Prices on the Chart: Toggles the visibility of the liquidation prices on the price chart.
🔹Dashboard
Show Bar Statistics: Toggles the visibility of the last bar statistics.
🔹Others
Liquidations Meter Text Size: Liquidations Meter text size.
Liquidations Meter Offset: Liquidations Meter offset.
Dashboard/Calculator Placement: Dashboard/calculator position on the chart.
Dashboard/Calculator Text Size: Dashboard text size.
🔶 RELATED SCRIPTS
Here are some of the scripts that are related to the liquidation and liquidity concept, for more and other conceptual scripts you are kindly invited to visit LuxAlgo-Scripts .
Liquidation-Levels
Liquidations-Real-Time
Buyside-Sellside-Liquidity
Curved Management (Zeiierman)█ Overview
The Curved Management (Zeiierman) is a trade management indicator tailored for traders looking to visualize their entry, stop loss, and take profit levels. Unique in its design, this indicator doesn't just display lines; it offers rounded or curved visualizations, setting it apart from conventional tools.
█ How It Works
At its core, this indicator leverages the power of the Average True Range (ATR), a metric for volatility, to establish logical stop-loss levels based on recent price action. By incorporating the ATR, the tool dynamically adapts to the market's changing volatility. What sets it apart is the unique curved visualization. Instead of the usual straight lines representing entry/sl levels, users can choose between rounded and straight edges for their take profit and stop loss levels. This aesthetic tweak gives the chart a cleaner look and offers a more intuitive understanding of risk management.
█ How to Apply the Indicator
Upon initially loading the indicator, a label appears that reads, "Set the 'xy' time and price for 'Curved Management (Zeiierman).'" This prompts you to click on the chart at your entry point. After selecting your entry point on the chart, the indicator will load. Ensure you adjust the trend direction in the settings panel based on whether you took a long or short position.
█ How to Use
Use the tool to manage your active position.
Long Entry
Short Entry
█ Settings
The indicator comes packed with various settings allowing customization:
Trade Direction
Decide the direction of the trade (long/short).
Reward multiplier
Sets the ratio for take profit relative to stop loss. Increasing this value will set your take profit further from the entry, and decreasing it will bring it closer.
Risk multiplier
Multiplier for calculating stop loss based on the ATR value. Increasing this makes your stop loss further from the entry, while decreasing brings it closer.
█ Related Free Scripts
Trade & Risk Management Tool
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Interactive MA Stop Loss [TANHEF]This indicator is "Interactive." Once added to the chart, you need to click the start point for the moving average stoploss. Dragging it afterward will modify its position.
Why choose this indicator over a traditional Moving Average?
To accurately determine that a wick has crossed a moving average, you must examine the moving average's range on that bar (blue area on this indicator) and ensure the wick fully traverses this area.
When the price moves away from a moving average, the average also shifts towards the price. This can make it look like the wick crossed the average, even if it didn't.
How is the moving average area calculated?
For each bar, the moving average calculation is standard, but when the current bar is involved, its high or low is used instead of the close. For precise results, simply setting the source in a typical moving average calculation to 'Low' or 'High' is not sufficient in calculating the moving average area on a current bar.
Moving Average Options:
Simple Moving Average
Exponential Moving Average
Relative Moving Average
Weighted Moving Average
Indicator Explanation
After adding indicator to chart, you must click on a location to begin an entry.
The moving average type can be set and length modified to adjust the stoploss. An optional profit target may be added.
A symbol is display when the stoploss and profit target are hit. If a position is create that is not valid, "Overlapping MA and Bar" is displayed.
Alerts
'Check' alerts to use within indicator settings (stop hit and/or profit target hit).
Select 'Create Alert'
Set the condition to 'Interactive MA''
Select create.
Alert messages can have additional details using these words in between two Curly (Brace) Brackets:
{{stop}} = MA stop-loss (price)
{{upper}} = Upper MA band (price)
{{lower}} = Lower MA band (price)
{{band}} = Lower or Upper stoploss (word)
{{type}} = Long or Short stop-loss (word)
{{stopdistance}} = Stoploss Distance (%)
{{targetdistance}} = Target Distance (%)
{{starttime}} = Start time of stoploss (day:hour:minute)
{{maLength}} = MA Length (input)
{{maType}} = MA Type (input)
{{target}} = Price target (price)
{{trigger}} = Wick or Close Trigger input (input)
{{ticker}} = Ticker of chart (word)
{{exchange}} = Exchange of chart (word)
{{description}} = Description of ticker (words)
{{close}} = Bar close (price)
{{open}} = Bar open (price)
{{high}} = Bar high (price)
{{low}} = Bar low (price)
{{hl2}} = Bar HL2 (price)
{{volume}} = Bar volume (value)
{{time}} = Current time (day:hour:minute)
{{interval}} = Chart timeframe
{{newline}} = New line for text
I will add further moving averages types in the future. If you suggestions post them below.
Triple Moving Averages + RSI Divergence + Trade Creator [CSJ7]This indicator uses triple moving averages to identify the prevailing trend, and calculates the linear regression of the closing price, and of the RSI, to either confirm the current trend direction, or to identify a potential trade reversal. Additionally, it includes a trade management tool that allows you to rate your trade setup according to your selected entry minimums and preferences, plus you obtain an estimated P&L with profitability metrics of your trade.
The key features are:
Dashboard : Includes entry/exit amounts, prices, quantities, estimated Profit & Loss, ROI, ROE, RRR, insights into market trends, entry conditions, and operational logs.
Trade Setup : Allows you to design your trade in detail. Select entry/exit levels, and let the tool suggest optimal target levels based on your ROI and RRR preferences. Specify your desired stop-loss type, and the tool will present the corresponding price.
Entry Conditions Management : Customize your trade entry prerequisites within the settings. The system evaluates these, offering a Trade Rating and displaying current values and entry statuses in the Entry Conditions table.
Trade Box : Visualize your trade strategy with a trade box that shows in alongside your chart, highlighting potential profit/loss zones and entry price points.
RSI & Close Price Linear Regressions : Calculates the linear regression of RSI and the close prices, since the beginning of the current trend, and presents them directly in the chart and alongside the active trend, to allow you to spot a potential trend continuation or reversal.
Adaptive price levels : The tool calculates the viability, trade rating and P&L based on contextual levels, like moving averages and highest or lowest prices, instead of using fixed prices; this allows for the results to adapt dynamically to market fluctuations, eliminating the need for manual recalibrations and adjustments.
Automatic Trade Side Detection : While manual input is available, the tool can intuitively determine the optimal trade side based on current data.
Market Outlook Events : By using the crossings of the three averages, the tool keeps track of the evolution of the current trend, providing points of interest like when the initial momentum is observed, when the trend initiates, when a potential entry zone starts, when a buy or sell opportunity arises and when the trend ends.
Alerts : You can set up two distinct alerts – one notifies on trend milestones and another for trade initiation conditions. Note: Manual activation is required in the Tradingview dashboard.
Logs : The tool provides a log section where you can find relevant information regarding the operation and any encountered errors via the dashboard's log section.
Usage
Choose your desired ticker and timeframe. If a tradable trend is detected and levels are set correctly, the trade box appears. Incorrect levels will trigger a warning in the error logs.
The tool will suggest the logical trade side, but manual adjustments are possible.
Customize ROI, maximum loss, and RRR in the settings. When in 'Auto', the tool will calculate the target price accordingly.
Adjust leverage to align with your risk and reward parameters.
View linear regressions for trend analysis and spotting RSI divergences.
Manage position sizing and risk in the settings, accounting for broker/exchange fees.
Activate alerts for trade notifications.
Enable 'Show Trade Levels' in settings to get the details of the necessary limit orders for the trade.
In the image below, you can view the expanded Trade Creator Dashboard, the Trade Box, and the Linear Regression Lines:
The linear regression lines are colored red when trending downward and green when trending upward.
The labels displaying information related to the entry and exit prices can be hidden, as demonstrated in the image above.
DIY Custom Strategy Builder [ZP] - v1DISCLAIMER:
This indicator as my first ever Tradingview indicator, has been developed for my personal trading analysis, consolidating various powerful indicators that I frequently use. A number of the embedded indicators within this tool are the creations of esteemed Pine Script developers from the TradingView community. In recognition of their contributions, the names of these developers will be prominently displayed alongside the respective indicator names. My selection of these indicators is rooted in my own experience and reflects those that have proven most effective for me. Please note that the past performance of any trading system or methodology is not necessarily indicative of future results. Always conduct your own research and due diligence before using any indicator or tool.
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Introducing the ultimate all-in-one DIY strategy builder indicator, With over 30+ famous indicators (some with custom configuration/settings) indicators included, you now have the power to mix and match to create your own custom strategy for shorter time or longer time frames depending on your trading style. Say goodbye to cluttered charts and manual/visual confirmation of multiple indicators and hello to endless possibilities with this indicator.
What it does
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This indicator basically help users to do 2 things:
1) Strategy Builder
With more than 30 indicators available, you can select any combination you prefer and the indicator will generate buy and sell signals accordingly. Alternative to the time-consuming process of manually confirming signals from multiple indicators! This indicator streamlines the process by automatically printing buy and sell signals based on your chosen combination of indicators. No more staring at the screen for hours on end, simply set up alerts and let the indicator do the work for you.
Available indicators that you can choose to build your strategy, are coded to seamlessly print the BUY and SELL signal upon confirmation of all selected indicators:
EMA Filter
2 EMA Cross
3 EMA Cross
Range Filter (Guikroth)
SuperTrend
Ichimoku Cloud
SuperIchi (LuxAlgo)
B-Xtrender (QuantTherapy)
Bull Bear Power Trend (Dreadblitz)
VWAP
BB Oscillator (Veryfid)
Trend Meter (Lij_MC)
Chandelier Exit (Everget)
CCI
Awesome Oscillator
DMI ( Adx )
Parabolic SAR
Waddah Attar Explosion (Shayankm)
Volatility Oscillator (Veryfid)
Damiani Volatility ( DV ) (RichardoSantos)
Stochastic
RSI
MACD
SSL Channel (ErwinBeckers)
Schaff Trend Cycle ( STC ) (LazyBear)
Chaikin Money Flow
Volume
Wolfpack Id (Darrellfischer1)
QQE Mod (Mihkhel00)
Hull Suite (Insilico)
Vortex Indicator
2) Overlay Indicators
Access the full potential of this indicator using the SWITCH BOARD section! Here, you have the ability to turn on and plot up to 14 of the included indicators on your chart. Simply select from the following options:
EMA
Support/Resistance (HeWhoMustNotBeNamed)
Supply/ Demand Zone ( SMC ) (Pmgjiv)
Parabolic SAR
Ichimoku Cloud
Superichi (LuxAlgo)
SuperTrend
Range Filter (Guikroth)
Average True Range (ATR)
VWAP
Schaff Trend Cycle ( STC ) (LazyBear)
PVSRA (TradersReality)
Liquidity Zone/Vector Candle Zone (TradersReality)
Market Sessions (Aurocks_AIF)
How it does it
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To explain how this indictor generate signal or does what it does, its best to put in points.
I have coded the strategy for each of the indicator, for some of the indicator you will see the option to choose strategy variation, these variants are either famous among the traders or its the ones I found more accurate based on my usage. By coding the strategy I will have the BUY and SELL signal generated by each indicator in the backend.
Next, the indicator will identify your selected LEADING INDICATOR and the CONFIRMATION INDICATOR(s).
On each candle close, the indicator will check if the selected LEADING INDICATOR generates signal (long or short).
Once the leading indicator generates the signal, then the indicator will scan each of the selected CONFIRMATION INDICATORS on candle close to check if any of the CONFIRMATION INDICATOR generated signal (long or short).
Until this point, all the process is happening in the backend, the indicator will print LONG or SHORT signal on the chart ONLY if LEADING INDICATOR and all the selected CONFIRMATION INDICATORS generates signal on candle close. example for long signal, the LEADING INDICATOR and all selected CONFIRMATION INDICATORS must print long signal.
The dashboard table will show your selected LEADING and CONFIRMATION INDICATORS and if LEADING or the CONFIRMATION INDICATORS have generated signal. Signal generated by LEADING and CONFIRMATION indicator whether long or short, is indicated by tick icon ✔. and if any of the selected CONFIRMATION or LEADING indicator does not generate signal on candle close, it will be indicated with cross symbol ✖.
how to use this indicator
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Using the indicator is pretty simple, but it depends on your goal, whether you want to use it for overlaying the available indicators or using it to build your strategy or for both.
To use for Building your strategy: Select your LEADING INDICATOR, and then select your CONFIRMATION INDICATOR(s). if on candle close all the indicators generate signal, then this indicator will print SHORT or LONG signal on the chart for your entry. There are plenty of indicators you can use to build your strategy, some indicators are best for longer time frame setups while others are responsive indicators that are best for short time frame.
To use for overlaying the indicators: Open the setting of this indicator and scroll to the SWITCHBOARD section, from there you can select which indicator you want to plot on the chart.
For each of the listed indicators, you have the flexibility to customize the settings and configurations to suit your preferences. simply open indicator setting and scroll down, you will find configuration for each of the indicators used.
I will also release the Strategy Backtester for this indicator soon.
Tribute to David PaulI made this indicator as a tribute to the late David Paul .
He mentioned quite a lot about 89 periods moving average (especially on 4h), also the 21 and 55.
I put up some entries when three ma are crossed by price in the same direction, bull/bear backgrounds and a color code for candles because who doesn't love the feeling of a lasting trend.
To be more specific :
The indicator plots sma21, sma55, sma89 and AMA = (sma21+sma55+sma89)/3
When the closing price crosses the highest of the 3 sma, it is considered a bullish confirmation.
At this moment two lines appear, one on the bottom of the candle that crossed, one on the crossing point.
The lowest line can be used as the stop loss value of a long.
The highest line can be used as an entry point for a long.
When the closing price crosses the lowest of the 3 sma, it is considered a bearish confirmation.
At this moment two lines appear, one on the top of the candle that crossed, one on the crossing point.
The highest line can be used as the stop loss value of a short.
The lowest line can be used as an entry point for shorts.
When the closing price is above AMA, it is considered a bullish confirmation.
At this time a blue background appears at the crossing point.
The highest line can be used as the stop loss value for a long.
The starting point of the background can be used as the entry point for a long.
When the closing price is below AMA, it is considered a bearish confirmation.
At this time a red background appears at the crossing point.
The highest line can be used as the stop loss value for a short.
The starting point of the background can be used as the entry point for a short.
When the price is above 3 sma the candles turn blue. Signifying an upward trend.
When the price is below 3 sma the candles turn red. Signifying a bearish trend.
When the price is neither simultaneously above nor below the 3 sma, the candles are gray and the background linked to AMA becomes less vivid. Meaning a loss of vitality of the current trend or an absence of a clear trend.
Ideally, you should take a position towards "Real Long/Short Entry", set your stop loss towards "Ideal Long/Short Entry", and close the trade either when the background ends (riskier but more potential), or when the candles become gray (more conservative but noisier).
In the inputs, you can modify the display rules (explained in the tooltips), by default everything is displayed.
Buy/Sell BoxThis indicator tries to identify the points where the price exceeds or falls below a rectangle based on the opening and closing prices of the previous period, the creation of the boxes occurs when a doji is detected therefore it will calculate the coordinates of the rectangle that will be drawn around it, therefore the indicator offers buy or sell signals based on this logic. Specifically, the buy signal is generated if the closing price is above the top of the rectangle and satisfies some previous price conditions while the sell signal is generated if the closing price is below the bottom of the rectangle and satisfies some conditions of previous prices within a further threshold based on the Ema 150.
Lines are then drawn on the graph to visually display the extreme price levels, which can be useful for any confirmation of buy and sell signals, Stop Loss and Take Profit, Trend Filter (to visually understand if the trend is bullish or bearish)
A potentially effective trading strategy could involve identifying buy and sell signals near the extreme price level lines drawn by the indicator. This approach can be used to try to improve the accuracy of your trading signals and make more informed decisions. For example:
When you receive a buy or sell signal based on the dojis and rectangles generated by the indicator, check whether the price is also near one of the extreme price level lines. If you are receiving a buy signal and notice that the current price is near a low of the lower level line, this may further confirm the buying opportunity, as the price is near a significant resistance level. On the contrary, if the sell signal was close to a maximum price level it could confirm an excellent short entry.
It is also possible to use the boxes as reference points to set the stop loss and take profit levels. If you are entering a buy position, you might consider setting your stop loss just below an upper line of the last box. Additionally, you may want to set your take profit near a higher price level if you are looking to maximize profits. This will help manage risks and protect your capital.
SMA RSI Fractal Strategy V4 Edit 1Made from RSI, SMA, and fractals. With the bands and signals for buy and sell entry. The colors are of opposite.
Are stop orders making money? [yohtza]Who is this indicator for and what does it do?
This is an indicator that helps price action traders in determining the strength of the trend and potential counter trend traps that present themselves during the move. It highlights the background of the bar at which counter trend traders that trade with stop orders (breakout entries) were able to achieve the same amount of reward as was their risk for that trade.
What is it based on?
When there is a strong trend in effect, the counter trend traders are unable to buy above(in bear trend) or sell below (in bull trend) a bar with a stop order and get an equal reward for the risk they are taking.
The first time counter trend traders are able to buy and make money in bear or sell and make money in bull it is a warning sign that market is likely transitioning into trading range phase of the market cycle.
Another application of the indicator is for discovering potential traps. If market comes very close to the take profit level of counter trend traders and reverses, they will usually try to get out with as much profit or as small of a loss as possible and that will often create a fast move (also called giving up) and a good with trend entry.
How does it work?
The indicator is using exponential moving average as a filter for when the market is trending and then scans for signals where counter trend traders enter. Next it looks if the stoploss or profit target was hit for that trade. If the profit target was hit it draws a box around the bar on which the traders entered, the box height is based on stoploss and profit target price levels.
Indicator inputs
- Scan for doji signal bars
When this option is selected, bars that have small bodies (less than 50% of their height) are also included as bars on which counter traders enter. If the option is not selected it only looks for bull trend bars (bodies are greater than 50% of their height) below the moving average and bear trend bars above the moving average.
- Border and background colors and border style
It is possible to select different colors and chose between solid, dashed and dotted borders
- Ema period
Default setting is 20 bar exponential moving average but feel free to use which you prefer
- Tick value
This is the value of the minimal movement of the chart you are trading on. For example for S&P 500 E-mini futures the value is 0.25 and that is the default setting.
All Candlestick Patterns on Backtest [By MUQWISHI]▋ INTRODUCTION :
The “All Candlestick Patterns on Backtest” indicator generates a table that offers a clear visualization of the historical return percentages for each candlestick pattern strategy over a specified time period. This table serves as an organized resource, serving as a launching point for in-depth research into candle formations. It may help to rectify any misconceptions surrounding candlestick patterns, refine trading approaches, and it could be foundation to make informed decisions in trading journey.
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▋ OVERVIEW:
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▋ CREDIT:
Credit to public technical “*All Candlestick Patterns*” indicator.
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▋ TABLE:
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▋ CHART:
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▋ INDICATOR SETTINGS:
#Section One: Table Setting
#Section Two: Backtest Setting
(1) Backtest Starting Period.
Note: If the datetime of the first candle on the chart is after the entreated datetime, the calculation will start from the first candle on the chart.
(2) Initial Equity ($).
(3) Leverage: Current Equity x Leverage Value.
(4) Entry Mode:
- “At Close”: Execute entry order as soon as the candle confirmed.
- “Breakout High (Low for Short)”: Stop limit buy order, entry order will be executed as soon as the next candle breakout the high of last pattern’s candle (low for short)
(5) Cancel Entry Within Bars: This option is applicable with {Entry Mode = Breakout High (Low for Short)}, to cancel the Entry Order if it's not executed within certain selected number of bars.
(6) Stoploss Range: the range refers to high of pattern - low of pattern.
(7) Risk:Reward: the calculation of risk:reward range start from entry price level. For example: A pattern triggered with range 10 points, and entry price is 100.
- For 1:1~risk:reward would the stoploss at 90 and takeprofit at 110.
- For 1:3~risk:reward would the stoploss at 90 and takeprofit at 130.
#Section Three: Technical & Candle Patterns
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▋ Comments:
This table was developed for research and educational purposes.
Candlestick patterns are almost similar as seen in “*All Candlestick Patterns*” indicator.
The table results should not be taken as a major concept to build a trading decision.
Personally, I see candlestick patterns as a means to comprehend the psychology of the market, and help to follow the price action.
Please let me know if you have any questions.
Thank you.
Strategy - Relative Volume GainersStrategy - Relative Volume Gainers
Overview:
This trading strategy, called "Relative Volume Gainers," is designed for Long Entry opportunities in the stock market. The strategy aims to identify potential trading candidates based on specific technical conditions, including volume, price movements, and indicator alignments.
Strategy Rules:
The strategy is focused solely on Long Entry positions.
The volume for the current trading day must be greater than or equal to the volume of the previous day.
The percentage change in price must be greater than or equal to 2.5%.
The Last Traded Price (LTP) must be greater than or equal to the Exponential Moving Average (EMA) 200.
The Relative Volume for the current trading day (calculated over the last 30 days) must be greater than or equal to the Simple Moving Average (SMA) of Relative Volume over the same 30 days.
The current candle on the chart should be Green or Bullish, indicating positive price movement.
The price difference between bid and ask prices should be kept to a minimum.
It's recommended to also analyze market depth for better insights.
Strategy Requirements:
Add the Exponential Moving Average (EMA) 200 to your trading chart.
This strategy can be applied on charts of any timeframe.
For intraday trading, particularly for early entry, consider using a 1-minute timeframe.
It is advisable to create a screener to identify potential trades in real-time market conditions.
Risk Warning:
Stocks that meet the strategy criteria might exhibit high volatility and a high beta, making them inherently risky to trade. Exercise caution and adhere to predetermined risk management strategies.
Determine your trading quantity based on your entry price and stop loss in order to manage risk effectively.
Quantity Calculation Formula:
Quantity calculation is crucial to manage risk and position sizing. The following formulas can be used based on your trading scenario:
Quantity with Leverage:
Quantity = (((Using Capital / 100) * Risk Percent) / (Entry Price - Stop Loss)) * Leverage
Eg: Quantity = (((10000 / 100) * 0.2) / (405.5 - 398.5)) * 5
Quantity = 14
Risk = Rs.100 (Rs.100 is 1% of Rs.10000. So the risk is 1%, means we lose only Rs.100 when the SL is hit. If SL is increased the Quantity will get reduced to maintain a fixed risk of Rs.100)
Quantity without Leverage:
Quantity = (((Using Capital / 100) * Risk Percent) / (Entry Price - Stop Loss))
Note:
Always stay informed about market conditions and be prepared for potential rapid price movements when trading stocks that meet the strategy criteria. Strictly adhere to your predefined risk management strategy to safeguard your capital.
Major and Minor Trend Indicator by Nikhil34a V 2.2Title: Major and Minor Trend Indicator by Nikhil34a V 2.2
Description:
The Major and Minor Trend Indicator v2.2 is a comprehensive technical analysis script designed for use with the TradingView platform. This powerful tool is developed in Pine Script version 5 and helps traders identify potential buying and selling opportunities in the stock market.
Features:
SMA Trend Analysis: The script calculates two Simple Moving Averages (SMAs) with user-defined lengths for major and minor trends. It displays these SMAs on the chart, allowing traders to visualize the prevailing trends easily.
Surge Detection: The indicator can detect buying and selling surges based on specific conditions, such as volume, RSI, MACD, and stochastic indicators. Both Buying and Selling surges are marked in black on the chart.
Option Buy Zone Detection: The script identifies the option buy zone based on SMA crossovers, RSI, and MACD values. The buy zone is categorized as "CE Zone" or "PE Zone" and displayed in the table along with the trigger time.
Two-Day High and Low Range: The script calculates the highest high and lowest low of the previous two trading days and plots them on the chart. The area between these points is shaded in semi-transparent green and red colors.
Crossover Analysis: The script analyzes moving average crossovers on multiple timeframes (2-minute, 3-minute, and 5-minute) and displays buy and sell signals accordingly.
Trend Identification: The script identifies the major and minor trends as either bullish or bearish, providing valuable insights into the overall market sentiment.
Usage:
Customize Major and Minor SMA Periods: Adjust the lengths of major and minor SMAs through input parameters to suit your trading preferences.
Enable/Disable Moving Averages: Choose which SMAs to display on the chart by toggling the "showXMA" input options.
Set Surge and Option Buy Zone Thresholds: Modify the surgeThreshold, volumeThreshold, RSIThreshold, and StochThreshold inputs to refine the surge and buy zone detection.
Analyze Crossover Signals: Monitor the crossover signals in the table, categorized by timeframes (2-minute, 3-minute, and 5-minute).
Explore Market Bias and Distance to 2-Day High/Low: The table provides information on market bias, current price movement relative to the previous two-day high and low, and the option buy zone status.
Additional Use Cases:
Surge Indicator:
The script includes a Surge Indicator that detects sudden buying or selling surges in the market. When a buying surge is identified, the "BSurge" label will appear below the corresponding candle with black text on a white background. Similarly, a selling surge will display the "SSurge" label in white text on a black background. These indicators help traders quickly spot strong buying or selling activities that may influence their trading decisions. These surges can be used to identify sudden premium dump zones.
Option Buy Zone:
The Option Buy Zone is an essential feature that identifies potential zones for buying call options (CE Zone) or put options (PE Zone) based on specific technical conditions. The indicator evaluates SMA crossovers, RSI, and MACD values to determine the current market sentiment. When the option buy zone is triggered, the script will display the respective zone ("CE Zone" or "PE Zone") in the table, highlighted with a white background. Additionally, the time when the buy zone was triggered will be shown under the "Option Buy Zone Trigger Time" column.
Price Movement Relative to 2-Day High/Low:
The script calculates the highest high and lowest low of the previous two trading days (high2DaysAgo and low2DaysAgo) and plots these points on the chart. The area between these two points is shaded in semi-transparent green and red colors. The green region indicates the price range between the highpricetoconsider (highest high of the previous two days) and the lower value between highPreviousDay and high2DaysAgo. Similarly, the red region represents the price range between the lowpricetoconsider (lowest low of the previous two days) and the higher value between lowPreviousDay and low2DaysAgo.
Entry Time and Current Zone:
The script identifies potential entry times for trades within the option buy zone. When a valid buy zone trigger occurs, the script calculates the entryTime by adding the durationInMinutes (user-defined) to the startTime. The entryTime will be displayed in the "Entry Time" column of the table. Depending on the comparison between optionbuyzonetriggertime and entryTime, the background color of the entry time will change. If optionbuyzonetriggertime is greater than entryTime, the background color will be yellow, indicating that a new trigger has occurred before the specified duration. Otherwise, the background color will be green, suggesting that the entry time is still within the defined duration.
Current Zone Indicator:
The script further categorizes the current zone as either "CE Zone" (call option zone) or "PE Zone" (put option zone). When the market is trending upwards and the minor SMA is above the major SMA, the currentZone will be set to "CE Zone." Conversely, when the market is trending downwards and the minor SMA is below the major SMA, the currentZone will be "PE Zone." This information is displayed in the "Current Zone" column of the table.
These additional use cases empower traders with valuable insights into market trends, buying and selling surges, option buy zones, and potential entry times. Traders can combine this information with their analysis and risk management strategies to make informed and confident trading decisions.
Note:
The script is optimized for identifying trends and potential trade opportunities. It is crucial to perform additional analysis and risk management before executing any trades based on the provided signals.
Happy Trading!
Edri Extreme Points Buy & SellEDRI EXTREME POINTS BUY & SELL INDICATOR
This Buy and Sell (non-repainting) indicator uses signals based on the combined CCI/Momentum and RSI indicators and optional regular divergence.
The idea of the indicator is to look for a potential reversal after the price reached extreme points (overbought or oversold) and signals an entry when the price shows signs of momentum for reversal.
Optionally, it considers finding a divergence while RSI is at the extreme levels to improve the predictability of a possible reversal.
Additionally, the indicator includes a simple Mean Reversion visual on the chart to assist users in identifying extreme price levels and potential reversal opportunities. It features upper and lower bands that can be optionally plotted, showing calculated values where price bounces at those extreme levels.
The purpose of these bands is to help traders avoid getting trapped in the middle of a trend and to guide them to buy low and sell high. (It's important to note that this is purely a visual aid and does not impact the generation of trade signals.)
By utilizing the Mean Reversion bands alongside the entry conditions, traders can gain insights into potential price reversals and make more informed decisions about when to enter or exit trades.
Buy and Sell Entry conditions:
• The indicator looks at the CCI/Momentum indicator to turn positive (if buy) or negative (if sell) after the RSI was overbought or oversold in the recent past.
• It also checks if there is a 3-period regular bullish divergence in the RSI (if buy), or regular bearish divergence (if sell) and consider these in the entry condition.
• If these conditions are met, this indicator suggests that it may be a good time to enter a trade.
In summary this is how this indicator works:
• The indicator takes input settings such as the choice between using CCI or Momentum as the entry signal source, length parameters for CCI/Momentum, RSI levels for overbought and oversold conditions, RSI length, and options to plot mean reversion bands on the chart.
• It calculates the CCI and Momentum and RSI values based on user-defined length..
• It checks for regular bullish and bearish divergences (3 periods) in the RSI if the option is enabled.
• The script plots shapes on the chart to indicate the buy and sell signals based on the entry conditions.
• If the mean reversion bands option is enabled, it calculates the mean reversion, standard deviation, upper band, and lower band values.
• It also plots the upper band, mean reversion line, and lower band on the chart if the mean reversion bands option is enabled.
• This indicator includes alert conditions to generate alerts for the buy and sell signals.
• On top of that, users can opt to use only one alert for both buy and sell signals. (This can save Trading view subscribers with limited alerts.)
Important! Please do not consider everything you read here as financial advice. Additionally, do not rely solely on indicators for making your trading decisions. It is important to note that no indicator or strategy is perfect. Therefore, it is always recommended to backtest everything and practice proper risk management.
I appreciate your feedback on this indicator. As I am new to script development, I am open to comments and suggestions to improve it. If you encounter any issues while using this indicator, please let me know in the comments section. If you find it helpful, I kindly ask for your support in boosting it. Thank you for your cooperation.
Adaptive Mean Reversion IndicatorThe Adaptive Mean Reversion Indicator is a tool for identifying mean reversion trading opportunities in the market. The indicator employs a dynamic approach by adapting its parameters based on the detected market regime, ensuring optimal performance in different market conditions.
To determine the market regime, the indicator utilizes a volatility threshold. By comparing the average true range (ATR) over a 14-period to the specified threshold, it determines whether the market is trending or ranging. This information is crucial as it sets the foundation for parameter optimization.
The parameter optimization process is an essential step in the indicator's calculation. It dynamically adjusts the lookback period and threshold level based on the identified market regime. In trending markets, a longer lookback period and higher threshold level are chosen to capture extended trends. In ranging markets, a shorter lookback period and lower threshold level are used to identify mean reversion opportunities within a narrower price range.
The mean reversion calculation lies at the core of this indicator. It starts with computing the mean value using the simple moving average (SMA) over the selected lookback period. This represents the average price level. The deviation is then determined by calculating the standard deviation of the closing prices over the same lookback period. The upper and lower bands are derived by adding and subtracting the threshold level multiplied by the deviation from the mean, respectively. These bands serve as dynamic levels that define potential overbought and oversold areas.
In real-time, the indicator's adaptability shines through. If the market is trending, the adaptive mean is set to the calculated mean value. The adaptive upper and lower bands are adjusted by scaling the threshold level with a factor of 0.75. This adjustment allows the indicator to be less sensitive to minor price fluctuations during trending periods, providing more robust mean reversion signals. In ranging market conditions, the regular mean, upper band, and lower band are used as they are more suited to capture mean reversion within a confined price range.
The signal generation component of the indicator identifies potential trading opportunities based on the relationship between the current close price and the adaptive upper and lower bands. If the close price is above the adaptive upper band, it suggests a potential short entry opportunity (-1). Conversely, if the close price is below the adaptive lower band, it indicates a potential long entry opportunity (1). When the close price is within the range defined by the adaptive upper and lower bands, no clear trading signal is generated (0).
To further strengthen the quality of signals, the indicator introduces a confluence condition based on the RSI. When the RSI exceeds the threshold levels of 70 or falls below the threshold level of 30, it indicates a strong momentum condition. By incorporating this confluence condition, the indicator ensures that mean reversion signals align with the prevailing market momentum. It reduces the likelihood of false signals and provides traders with added confidence when entering trades.
The indicator offers alert conditions to notify traders of potential trading opportunities. Alert conditions are set to trigger when a potential long entry signal (1) or a potential short entry signal (-1) aligns with the confluence condition. These alerts allow traders to stay informed about favorable mean reversion setups, even when they are not actively monitoring the charts. By leveraging alerts, traders can efficiently manage their time and take advantage of market opportunities.
To enhance visual interpretation, the indicator incorporates background coloration that provides valuable insights into the prevailing market conditions. When the indicator generates a potential short entry signal (-1) that aligns with the confluence condition, the background color is set to lime. This color suggests a bullish trend that is potentially reaching an exhaustion point and about to revert downwards. Similarly, when the indicator generates a potential long entry signal (1) that aligns with the confluence condition, the background color is set to fuchsia. This color represents a bearish trend that is potentially reaching an exhaustion point and about to revert upwards. By employing background coloration, the indicator enables traders to quickly identify market conditions that may offer mean reversion opportunities with a directional bias.
The indicator further enhances visual clarity by incorporating bar coloring that aligns with the prevailing market conditions and signals. When the indicator generates a potential short entry signal (-1) that aligns with the confluence condition, the bar color is set to lime. This color signifies a bullish trend that is potentially reaching an exhaustion point, indicating a high probability of a downward reversion. Conversely, when the indicator generates a potential long entry signal (1) that aligns with the confluence condition, the bar color is set to fuchsia. This color represents a bearish trend that is potentially reaching an exhaustion point, indicating a high probability of an upward reversion. By using distinct bar colors, the indicator provides traders with a clear visual distinction between bullish and bearish trends, facilitating easier identification of mean reversion opportunities within the context of the broader trend.
While the "Adaptive Mean Reversion Indicator" offers a robust framework for identifying mean reversion opportunities, it's important to remember that no indicator is foolproof. Traders should exercise caution and employ risk management strategies. Additionally, it is recommended to use this indicator in conjunction with other technical analysis tools and fundamental factors to make well-informed trading decisions. Regular backtesting and refinement of the indicator's parameters are crucial to ensure its effectiveness in different market conditions.
Relative VolumeHello traders,
"There's nothing new on Wall Street" is an age-old saying that still shows its relevance in modern day financial markets; volume still serves as a valuable tool for any trader just as it did for those that came and succeeded before us; in order to succeed in modern day markets one has to take it up a notch and dabble in complicated topics, like math. Now I dunno about you reader but I’m not keen on sitting around all day just to watch numbers on a screen; it’s pretty important to add some color into your life before it becomes dull but how can someone add colors into their trading toolkit as an aid rather than bother? With a bit of help from 3 other amazing open-source indicators you too can become a statistics enjoyer by combining math and colors to make pattern recognition much more intuitive and offering more peace of mind when trading. “Sir but how?”, glad you didn’t ask, it helps with simplifying statistics, in this case a Gaussian bellcurve
“HUH?”, you say? Alright class, Gaussian bellcurves for math dislikers 101 is in session
- Imagine that we have a bunch of numbers that we want to graph. We could just draw a line and plot the numbers on it, but that might not be very interesting.
- Instead, we can use the shape of a bell to show how many of each number we have.
- Let's say we have a lot of people and we want to graph how tall they are. We would start by making a line from the shortest person to the tallest person, and then we would draw the bell shape around the line.
- The bell shape is called a "Gaussian Bell Curve," and it shows us how many people are a certain height.
- In the middle of the bell, where it's the widest, we have the most people who are about average height. As we move to the sides of the bell, the curve gets lower because there are fewer people who are really tall or really short.
The bell curve discussed is the main idea for the candle coloring component of this indicator as being able to analyze the distribution of an entire dataset, in this case volume, can alert us when volume/participation in the market is away from its average using color, and therefore an opportunity could be present. Fair warning, it’s important to not strictly focus on volume as volume is meant to be confluence to the current structure of the market rather than causing tunnel vision.
Why 3 indicators to combine?
It starts with the RVOL by Mik3Christ3ns3n indicator as the backbone by calculating the average volume over a specified period of time, and then compares each new volume value to this average to determine whether it is above or below the average. The indicator then normalizes the volume data and calculates the z-score/standard deviation to determine whether the volume is within normal range or is an anomaly beyond a specified threshold which can also be set into an alert to aid in eyeing possible opportunities.
The code also includes Candle Coloring by Morty as it calculates a function to get the z-score for the size of the candle's body, and then compares it to the z-score for volume to determine whether the body size is a factor in the price action.
Finally, the code plots the anomalies and the normalized volume data on the chart using the first RVOL indicator mentioned, and colors the bars of the chart based on whether they are within normal range or are anomalies which comes from using code from veryfid's relative volume indicator.
Overall, this custom technical indicator is best used to identify unusual changes in trading volume, which may indicate potential price movements in the underlying.
How about some examples?
This first example is for my scalpers wanting to get in and out but not having much of an idea where or let alone how; using a tool like VWAP can be great for determining the area value to execute mean reversion trades once a speculator spots a colored candle anomaly at standard deviation band. Works best when VWAP is flat as it signals lack of conviction from both bulls and bears
This second example is for my fire and forget intraweek swing traders who want to execute a higher timeframe trend-following bias. A speculator starting 2023 off notices that the negative sentiment around Binance from late last year has quieted down and has conviction in upside after BTC began an uptrend as monthly VWAP (right chart) has began sloping up as well as a rally with momentum shown with the blue colored candle so the trader waits wait for a pullback for entry. On the chart to the left of the 4H the speculator notices a pullback into the area of interest to do business so a limit bid is left to enter for continued upside in Bitcoin through January 2023 just by keeping things simple
That’s really the main purpose of this indicator: simplicity of statistics for confluence using volume
Volume precedes price and price moves only for narrative to follow- why wait for your subjective Twitter timeline to give you a biased narrative to trade when you can use objective analysis by combining statistics and colors to allow for a cleaner execution process
“But what about risk management?” Glad you didn’t ask reader!
One last example then, we meet our trend following trader again feeling euphoric so they know profit taking season is coming soon but wants to leave emotion out of it. How to go about it? Same idea as our last trend following example: we see on the 4h chart to the right side shows Bitcoin lose and trade back within the 2nd standard deviation of quarterly VWAP which is telling our speculator that the uptrend has broken on top of which notices on the 30 minute chart on the left that aggressive market buyers have been steadily absorbed by limit sellers on multiple occasions of retesting 30,500 shown with the green colored candles and volume bars below, time to sell.
Turns out that selling was proactive risk management because price dumped thereafter
Hope this explanation gave you some useful insights on using statistics as colors from cherrypicked examples, remember that just because my examples are cherrypicked doesn’t invalidate these concepts at all as the market only does two things, initiate aggressive auctions and respond passively to auctions. This tool makes for seeing where that initiative aggressive activity is happening much simpler to deduce if others will respond to an anomaly of initiative aggressive activity or if the aggression will continue.
If there’s just one thing you take from this- simplicity above all, cheers and good luck
