Trend-Following Combo-SuperTrend, EMA, Aroon, DMI, Laguerre RSIThis is a trend-following indicator which condenses two SuperTrend indicators -- one based on analysis over a shorter period of time (1.5, 7), and one based on analysis over a longer period of time (1.65, 100) -- into a single indicator which appears on your chart only when both the shorter- and longer-term analysis indicates a "SuperTrend" in the same direction.
Additionally, potential trade entry indicators are displayed in the form of up and down arrows when (by default) three of the following five indicators suggest that the market is trending in the same direction as both the shorter- and longer-term SuperTrend indicators:
EMA Crossover (8, 15)
Aroon Indicator (8)
Aroon Oscillator (8)
Directional Movement Index (DI +/-) (8)
Laguerre RSI (13)
You may update the parameters of any of the indicators to match your own preferences.
Additionally, you may also adjust the "Threshold" of indicators that must be in agreement with the SuperTrend to show a potential trade entry arrow. Bear in mind that if you set the Indicator Threshold too low, you will see more frequent trade entry arrows, many of which will not be profitable if taken. Similarly, set this value too high, and you will see fewer trade entry arrows that may not appear until after most of the "juice" in the trend has evaporated. Ideal values for the threshold seem to be between 2-4, depending on the symbol you are trading.
The following image shows all of the indicators referenced above on a 5-minute chart of the SPY during a single trading day:
And, here is the same period of time showing only the Trend-Following Combo indicator with default settings:
This indicator would not have been possible save for work contributed by the following:
SuperTrend by Rajandran R
Aroon w/ crossovers highlighted by seiglerj
Aroon Oscillator by jcrewolinsky
Directional Movement Index by TradingView
Laguerre RSI (Self Adjusting Alpha with Fractals Energy) by everget
Cerca negli script per "entry"
Super Trend Daily 2.0 Alerts BFThis is an alerts script for my Super Trend 2.0 indicator . It is intended as a companion script so you can backtest using the Strategy script and generate alerts using this Study script.
This Study script has the same default settings as the Strategy script and its only purpose is to provide alerts for the long and short signals the Strategy generates. Obviously, if you want to generate alerts based on a Strategy backtest, please ensure the settings are the same in the Study as in the Strategy.
For illustration, I have plotted arrows on the chart for long and short signals, and also colored the background to show when the rate of change function determines a choppy/sideways market.
ALERTS
There are 2 alerts set up:
Long Entry
Short Entry
ILLUSTRATION
Green arrow = Long Entry
Red arrow = Short Entry
White background = No short trades
Aqua background = No long trades
EXAMPLE USE CASE
1. Open a Bitcoin/USD chart on 1D timeframe.
2. Open this script and the Super Trend 2.0 indicator script.
3. Backtest with the Strategy Backtester and change the settings if you like until you get a desirable outcome for your own purposes.
4. Once you are happy with the backtest, change the settings in the Alerts script (this one) so they match the Strategy settings.
5. Set up the alerts according to your preferences.
Customizable MACD (how to detect a strong convergence)Helloooo traders
I wondered once if a MACD was based on an EMA/EMA/SMA or SMA/SMA/EMA (or WHATEVA/WHATEVA/WHATEVA).
Seems they're so many alternatives out there.
I decided to empower my audience more by choosing the type of moving averages you want for your MACD.
More options doesn't always mean better performance - but who knows - some might find a config that they like with it for their favorite asset/timeframe.
I added also a multi-timeframe component because I'm a nice guy ^^
Convergence is my BEST friend
An oscillator (like MACD) is to measure how strong a momentum is - generally, traders use those indicators to confirm a trend.
So understand that a MACD (or any other indicator not based on convergence ) won't likely be sufficient for doing great on the market.
Combined with your favorite indicator, however, you may get great results.
My indicators fav cocktail is mixing :
1) an oscillator (momentum confirmation)
2) a trendline/key level break (momentum confirmation)
3) adding-up on a different trading method but still converging with the first entry.
The reason I'm deep with convergence detection is because I'm obsessed with removing those fakeout signals. You know which ones I'm talking about :)
Those trades when the market goes sideways but our capital goes South (pun 100% intended) - 2 days later, the price hasn't changed much but some lost some capital due to fees, being overexposed, buying the top/selling the bottom of a range they didn't identify.
It's publicly known that ranges are the worst traders' enemy. It's boring, not fun, and .... end up moving in the direction we expected when we go to sleep or outside.
NO ONE/BROKER/EX-GF is tracking your computer - I checked also for mine as it happened for me way too often in the past.
I surely preferred blaming a few external unknown conditions than improving my TA back in the days #bad #dave
But my backtest sir...
Our backtests show what they're being told to show . A backtest without a stop-loss/hard exit logic will show incredible results.
Then trying that backtest with live trading is like in the Matrix movie - discovering the real world is tough and we must choose between the blue pill (learning how to evaluate properly risk/opportunity caught) and the red pill (increasing the position sizing, not setting a stop loss, holding the positions hoping for the best)
Last few words
Convergences aren't invented because it's cool to mix indicators with others. (it is actually and even fun)
They're created to remove most of the fakeouts . For those that can't be removed - a strong risk management would cut most of the remaining potential big losses.
No system works 100% of the time - so a convergence system needs a back-up plan in case the converged signal is wrong (could be stop-loss, hard exit, reducing position sizing, ...)
Wishing you the BEST and happy beginning of your week
Daveatt
Traded Range & True ATRBlack line = Trade Range from the last X periods.
Red Line = 61.8% of black line value.
Green bar = The current trade period range.
Default Value = 21 (21 days = I business month)
Generally speaking, a stock moves approximately the same value daily. Knowing the approximate value it likes to stay within calms the nerves when you see retracement of price occuring.
IE. Price average = 1.00 in a day. It move .75 within first hour then retraces in the opposite direction. There are still hours left in the trade day, so it is trading in its value range in order to not over extend itself.
This differs in calculation from the Wells Wilder version as it smooths out jumps and only examines the ranges between high and low.
A good rule of thumb is.
Stop Loss = Entry Price +/- (ATR * 1.5)
Take Profit = (1) Entry Price +/- ATR - 50% exit (Set Trailing Stop @ Entry Value), (2) Entry Price +/- ATR * 2 (50% of remaining).
CloudRest ATR based cloudThis is an indicator I have been working on for the past 2 years, developed specifically for cryptocurrency.
It is primarily a trend following indicator with great success and it performs the best in 4hrs to the weekly chart.
There are two components of this indicator.
The baseline from Ichimoku cloud and volatility stop .
baseline period = 26
volatility stop = 1.5ATR, 3
You can view this as the main component of a trend following system but you will need other confirmation indicators to confirm your entry.
Feel free to modify the script for your own system.
Feel free to follow me on twitter @Lancelot_Auger
I will be posting more content in the future, stay tuned.
And lastly,
Free hong kong, the revolution of our time!
MFI Divergence v2Edited the RSI div indicator by Libertus to use MFI & show on candles. V2 update filters the divs using stochastic oversold & overbought & removes the lagging signals (they were offset back by 1 bar).
Default settings were tuned for xbtusd 1hr; works well if after a signal you wait for a stochastic indicator to stop being oversold or overbought, so if eg. you see a cluster of sell signals at a top, wait for the stoch to cross below 80 before entry. Please backtest before trading with this, DYOR NFA GLHF!
Sinyal GhoibLeading Signal!!!
Long entry while long signal appears.
Short entry while short signal appears.
This signal only effective on BitMex | 5m | XBTUSD.
Take profit: 0,6% from entry price
Stop loss: 0,6% from entry price
Leverage: 10x - 50x
For donation
BTC: 3E7rUPX7upS8iTj42JdLt7keJVbJLfvMoH
ETH: 0x094ed88e4c5a9b225e936586cbc2d61f4a027f68
BitMex Referral: P81ZCO
Thank you & happy trading!
Signal for Backtesting-Trading Engine [PineCoders]This is a companion script to the PineCoders Backtesting-Trading Engine. It illustrates how to build a signal plot in another script, which can in turn be fed in the Engine to provide entry, exit, filter and stop information.
Connection to the Engine is done through its “External Indicator” input field at the very bottom of the Engine’s Settings/Inputs.
The Engine must be operating in study mode to be able to connect an external indicator to it.
The way this script builds the signal is straightforward, as you will see in the code. Two aspects are worth mentioning:
The “FudgeStop()” function used to fudge the stop value by one tick for the rare cases where it will match one of the protocol reserved values, i.e. 1, 2 or 3.
The priority and exclusivity given to the different types of signals in the signal-building “Signal = …” line. No two signals can be sent simultaneously through the signal plot, except for the entry and stop combination.
You can determine in this script’s Settings/Inputs the type of signals that will go through the signal plot.
This script respects the following protocol:
EXTERNAL SIGNAL PROTOCOL
Only one external indicator can be connected to a script; in order to leverage its use to the fullest, the engine provides options to use it as either an entry signal, an entry/exit signal or a filter. When used as an entry signal, you can also use the signal to provide the entry’s stop. Here’s how this works:
For filter state: supply +1 for bull (long entries allowed), -1 for bear (short entries allowed).
For entry signals: supply +2 for long, -2 for short.
For exit signals: supply +3 for exit from long, -3 for exit from short.
To send an entry stop level with an entry signal: Send positive stop level for long entry (e.g. 103.33 to enter a long with a stop at 103.33), negative stop level for short entry (e.g. -103.33 to enter a short with a stop at 103.33). If you use this feature, your indicator will have to check for exact stop levels of 1.0, 2.0 or 3.0 and their negative counterparts, and fudge them with a tick in order to avoid confusion with other signals in the protocol.
Remember that mere generation of the values by your indicator will have no effect until you explicitly allow their use in the appropriate sections of the Engine’s Settings/Inputs.
Look first. Then leap.
[Xzhi] Net VolumeUse net volume to find areas of reversal. This is not meant to be used on its own, and requires others tools, but it is helpful in identifying possible points of entry. Area's with lots of market participants could signify a reversal, depending on the positions entered.
Edit the source code to suit the currency pair you are trading.
TICK gapUsed with the "Cumulative TICK", highlights a gap up candle in yellow and a gap down candle in white, then plots a line 500 points away, signalling a counter trend entry.
MACD Enhanced System MTF with optional TSL and Alerts [LTB]This script is developed to analyse MACD, MACD Signal, MACD Histogram movements by using current and higher time frame. Script calculates higher time frame automatically, no manuel entry. there is trailing stop loss line that is optional.
You can change the parameters as you wish.
btw. you should know that MACD is more successful when there is a trend.
I already shared this as a strategy script. Some ppl wanted to see the code.
You might want to see strategy test =>
by LonesomeTheBlue
Negociated capitalEste script calcula el capital negociado para el periodo trabajado. Simplemente calcula el precio promedio y luego lo multiplica por el volumen operado. El resultado es una aproximación del capital total que se intercambio. Es útil para estimar la liquidez del mercado y encontrar puntos de entrada mas precisos. Aplica a cualquier producto donde se conozca el volumen.
This script calculates the capital negotiated for the period worked. Simply calculate the average price and then multiply it by the volume operated. The result is an approximation of the total capital that is exchanged. It is useful to estimate the liquidity of the market and find more precise points of entry. Applies to any product where the volume is known.
Tillson T3 Moving Average MTFMULTIPLE TIME FRAME version of Tillson T3 Moving Average Indicator
Developed by Tim Tillson, the T3 Moving Average is considered superior -1.60% to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. However, it bears the disadvantage of overshooting the price as it attempts to realign itself to current market conditions.
It incorporates a smoothing technique which allows it to plot curves more gradual than ordinary moving averages and with a smaller lag. Its smoothness is derived from the fact that it is a weighted sum of a single EMA , double EMA , triple EMA and so on. When a trend is formed, the price action will stay above or below the trend during most of its progression and will hardly be touched by any swings. Thus, a confirmed penetration of the T3 MA and the lack of a following reversal often indicates the end of a trend.
The T3 Moving Average generally produces entry signals similar to other moving averages and thus is traded largely in the same manner. Here are several assumptions:
If the price action is above the T3 Moving Average and the indicator is headed upward, then we have a bullish trend and should only enter long trades (advisable for novice/intermediate traders). If the price is below the T3 Moving Average and it is edging lower, then we have a bearish trend and should limit entries to short. Below you can see it visualized in a trading platform.
Although the T3 MA is considered as one of the best swing following indicators that can be used on all time frames and in any market, it is still not advisable for novice/intermediate traders to increase their risk level and enter the market during trading ranges (especially tight ones). Thus, for the purposes of this article we will limit our entry signals only to such in trending conditions.
Once the market is displaying trending behavior, we can place with-trend entry orders as soon as the price pulls back to the moving average (undershooting or overshooting it will also work). As we know, moving averages are strong resistance/support levels, thus the price is more likely to rebound from them and resume its with-trend direction instead of penetrating it and reversing the trend.
And so, in a bull trend, if the market pulls back to the moving average, we can fairly safely assume that it will bounce off the T3 MA and resume upward momentum, thus we can go long. The same logic is in force during a bearish trend .
And last but not least, the T3 Moving Average can be used to generate entry signals upon crossing with another T3 MA with a longer trackback period (just like any other moving average crossover). When the fast T3 crosses the slower one from below and edges higher, this is called a Golden Cross and produces a bullish entry signal. When the faster T3 crosses the slower one from above and declines further, the scenario is called a Death Cross and signifies bearish conditions.
I Personally added a second T3 line with a volume factor of 0.618 (Fibonacci Ratio) and length of 3 (fibonacci number) which can be added by selecting the box in the input section. traders can combine the two lines to have Buy/Sell signals from the crosses.
Developed by Tim Tillson
Volatility IndicatorThe Volatility Index measures the market volatility by plotting a smoothed average of the True Range.
Based on HPotter's idea (),
it returns an average of the TrueRange over a specific number of bars.
Here the result is passed through the Fisher's transform and normalized to 0/1-range.
This indicator may be used to identify stretches in the price movements, suitable for entry.
Helter Skalper [by @treypeng]Just my favourite MAs (MA40 and EMA25) filled into an attractive ribbon a bit like a Ichi cloud.
I use these to help make decisions about trend and whether to get in or out of a longer term trade.
I also use these same MAs to scalp on the 5min chart. I like to wait until the MA40 has flattened before looking for an entry.
RCI with EMA&MACD2018/6/11 Re-release for house rule of Trading view.
5lines : RCI lines. A thick navy line has the longest period.
circles : MACD cross. GC=green DC=red
backcolor : Short EMA > Long EMA is blue. Short EMA < Long EMA is red.
Black shadow : It reveals its appearance when over-buying/selling.
It helps your entry.
CCI Multi-TimeframeThe Commodity Channel Index (CCI) is a leading oscillating momentum indicator that was developed by Donald Lambert to identify cyclical turns in commodities but can also be used on securities and bonds as well.
HOW IS IT USED ?
Lambert used the CCI to generate entry and exit signals when the CCI moved above +100% and below -100% respectively. When the CCI moves above +100%, the security enters into a strong uptrend and an entry signal is given. When the CCI moves back below +100% this position should be closed. Conversely, when the CCI moves below -100%, the security enters into a strong downtrend and an exit signal is given. When the CCI moves back above -100% this position should be closed.
In addition, an entry signal is given when the CCI bounces off of the zero line. When the CCI reaches the zero line, the security's average price is at the moving average used to calculate the CCI and when a security bounces off its moving average it is considered a good entry position as the security has pulled back to its short-term support with the bounce reaffirming the current trend.
The CCI can also be used to identify overbought and oversold levels. A security could be considered oversold when the CCI moves below -100 and overbought when it moves above +100. From an oversold level, an entry signal may be given when the CCI moves above -100. From an overbought level, an exit signal might be given when the CCI moves below +100.
Divergences can also be applied to the CCI. A positive divergence below -100 would increase the probability of a signal based on a move above -100, and a negative divergence above +100 would increase the probability of a signal based on a move back below +100.
Trend line breaks can be used to generate entry and exit signals. Trend lines can be drawn connecting the peaks and troughs. From oversold levels, a move above -100 and a trend line breakout could be used as an entry signal. Conversely, from overbought levels, a move below +100 and a trend line breakout could be used as an exit signal.
I added the possibility to add on the chart a 2nd timeframe for confirmation.
If you found this script useful, a tip is always welcome... :)
Tillson T3 Moving Average by KIVANÇ fr3762Developed by Tim Tillson, the T3 Moving Average is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. However, it bears the disadvantage of overshooting the price as it attempts to realign itself to current market conditions.
It incorporates a smoothing technique which allows it to plot curves more gradual than ordinary moving averages and with a smaller lag. Its smoothness is derived from the fact that it is a weighted sum of a single EMA , double EMA , triple EMA and so on. When a trend is formed, the price action will stay above or below the trend during most of its progression and will hardly be touched by any swings. Thus, a confirmed penetration of the T3 MA and the lack of a following reversal often indicates the end of a trend.
The T3 Moving Average generally produces entry signals similar to other moving averages and thus is traded largely in the same manner. Here are several assumptions:
If the price action is above the T3 Moving Average and the indicator is headed upward, then we have a bullish trend and should only enter long trades (advisable for novice/intermediate traders). If the price is below the T3 Moving Average and it is edging lower, then we have a bearish trend and should limit entries to short. Below you can see it visualized in a trading platform.
Although the T3 MA is considered as one of the best swing following indicators that can be used on all time frames and in any market, it is still not advisable for novice/intermediate traders to increase their risk level and enter the market during trading ranges (especially tight ones). Thus, for the purposes of this article we will limit our entry signals only to such in trending conditions.
Once the market is displaying trending behavior, we can place with-trend entry orders as soon as the price pulls back to the moving average (undershooting or overshooting it will also work). As we know, moving averages are strong resistance/support levels, thus the price is more likely to rebound from them and resume its with-trend direction instead of penetrating it and reversing the trend.
And so, in a bull trend, if the market pulls back to the moving average, we can fairly safely assume that it will bounce off the T3 MA and resume upward momentum, thus we can go long. The same logic is in force during a bearish trend .
And last but not least, the T3 Moving Average can be used to generate entry signals upon crossing with another T3 MA with a longer trackback period (just like any other moving average crossover). When the fast T3 crosses the slower one from below and edges higher, this is called a Golden Cross and produces a bullish entry signal. When the faster T3 crosses the slower one from above and declines further, the scenario is called a Death Cross and signifies bearish conditions.
I Personally added a second T3 line with a volume factor of 0.618 (Fibonacci Ratio) and length of 3 (fibonacci number) which can be added by selecting the box in the input section. traders can combine the two lines to have Buy/Sell signals from the crosses.
Developed by Tim Tillson
CMO_EMA (Chande Momentum Oscillator and EMA)
The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of doing useless entry.
To prevent this, display EMA.
Donchian Channel Alerts R1 by JustUncleLThis idea is based on the Donchain Channel centre line Price action. When price moves from the highest/lowest point, the price will move to the center line first. At this point, the center line acts as dynamic support/resistance and often price will bounce back up. However, if price successfully breaks the centre line (primary entry condition), then prices will tend to catch up to the bottom channel line, many times making further moves in that direction (secondary entry condition).
This script alert idea is designed to be used with Renko (10pip brick recommended) Renko or Heikin Ashi (1 hour recommended) charts. It combines the Donchian Channel centre line price action with a directional coloured EMA (default length 8) to provide entry and exit signals.
There are three options to exit trade:
MA Cross (default exit) = exit occur when price breaks EMA in opposite direction.
Centre Cross = exit occurs when price breaks back passed the centre line in opposite direction.
Brick Colour = exit when a brick/bar paints in the opposite colour to trade direction.
Each Entry and Exit signal creates an Alertcondition that can be picked up by the TradingView Alarm system.
TIPS:
This type of Trading technique only works well in a trending market. Do not try to trade this technique in a ranging/flat market, wait for market to return to trend or pick another pair.
To get 10pip Bricks set Renko to "Traditional" type bricks and 0.001 for non-JPY currency pairs and 0.1 for JPY currency pairs. Also set chart Time frame to 5min or 15mins.
Renko chart:
Systematic TF IndicatorThis is a simple trend following indicator which works off moving averages for trend bias and breakouts for entry.
Ichimoku Lagging Background ColorThis script colors the background, 26 bars ago, based upon the lagging line being above or below the closing price of 26 bars ago. The lagging line is used as a confirmation for your current entry.
Momentum Linear RegressionThe original script was posted on ProRealCode by user Nicolas.
This is an indicator made of the linear regression applied to the rate of change of price (or momentum). I made a simple signal line just by duplicating the first one within a period decay in the past, to make those 2 lines cross. You can add more periods decay to made signal smoother with less false entry.