[MT Trader] Backtest template w/ Supertrend Strategy---EN: In this strategy template you will find some functions already pre-programmed to be used in your strategies to speed up the programming process, among them we can highlight the default stop loss and take profit functions, which will help to set easily and quickly, defining the price range in which we want to prevent large losses or protect our profits from unexpected market movements.
🔴 Stop Loss: Among the functions of the stop loss are the 4 most known, first we have the fixed percentage range (%) and price ($), when the price reaches this fixed price will limit the losses of the operation avoiding larger losses, then we have the average true range (ATR), a moving average of true range and X period that can give us good reference points to place our stop loss, finally the last point higher or lower is the most used by traders to place their stop loss.
In addition, the price range between the entry and stop loss can be converted into a trailing stop loss.
🟢 Take Profit: We have 3 options for take profit, just like stop loss, the fixed range of percentage(%) and price($), are available, in addition to this we have the 1:# ratio option, which multiplies by X number the range between the entry and stop loss to use it as take profit, perfect for strategies that use ATR or last high/low point for their strategy.
📈 Heikin Ashi Entrys: The heikin ashi entries are trades that are calculated based on heikin ashi candles but their price is executed in Japanese candles, thus avoiding the false results that occur in heikin candlestick charts, making that in certain cases better results are obtained in the strategies that are executed with this option compared to Japanese candlesticks.
📊 Dashboard: A more visual and organized way to see the results and data needed for our strategy.
Feel free to use this template to program your own strategies, if you find bugs or want to request a new feature let me know in the comments or through my telegram @hvert_mt
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---ES: En esta plantilla de estrategia podrás encontrar algunas funciones ya pre-programadas para ser usadas en tus estrategias para acelerar procesos de programación, entre ellas podemos destacar las funciones por defecto de stop loss y take profit, que ayudaran a establecer de manera fácil y rápida, definiendo los rango de precio en los que queremos prevenirnos de perdidas grandes o proteger nuestras ganancias de movimientos inesperados del mercado.
🔴 Stop Loss: Entre las funciones del stop loss están las 4 más conocidas, en primer lugar tenemos el rango de porcentaje fijo(%) y el precio($), cuando el precio alcance este precio fijo se limitaran las perdidas de la operación evitando perdidas mas grandes, después tenemos el promedio de rango verdadero(ATR), una media móvil del rango verdadero y X periodo que nos puede dar buenos puntos de referencia para colocar nuestro stop loss, por ultimo el ultimo punto mas alto o mas bajo es de los mas usados por los traders para colocar su stop loss.
Adicional a esto, el rango de precio entre la entrada y el stop loss se puede convertir en un trailing stop loss.
🟢 Take Profit: Tenemos 3 opciones para take profit, al igual que en el stop loss, el rango fijo de porcentaje(%) y precio($) se encuentran disponibles, adicional a esto tenemos la opción de ratio 1:#, que multiplica por X numero el rango entre la entrada y el stop loss para usarlo como take profit, perfecto para estrategias que usen ATR o ultimo punto alto/bajo.
📈 Entradas Heikin Ashi: Las entradas Heikin Ashi son trades que son calculados en base a las velas Aeikin Ashi pero su precio esta ejecutado a velas japonesas, evitando así los falsos resultados que se producen en graficas de velas Heikin, esto haciendo que en ciertos casos se obtengan mejores resultados en las estrategias que son ejecutadas con esta opción en comparación con las velas japonesas.
📊 Panel de Control: Una manera mas visual y organizada de ver los resultados y datos necesarios de nuestra estrategia.
Siéntete libre de usar esta plantilla para programar tus propias estrategias, si encuentras errores o quieres solicitar una nueva función házmelo saber en los comentarios o a través de mi Telegram: @hvert_mt
Cerca negli script per "profit"
GRID SPOT TRADING ALGORITHM - GRID BOT TRADING STRATEGYGRID SPOT TRADING ALGORITHM : LONG ONLY STRATEGY OPEN SOURCE
This is a long only strategy for spot assets.
HOW IT WORKS
Grid trading is a trading strategy where an investor creates a so-called "price grid". The basic idea of the strategy is to repeatedly buy at the pre-specified price and then wait for the price to rise above that level and then sell the position (and vice versa with shorting or hedging).
FEATURES
Grids: This algorithm has a total of 10 grids.
Take profit: The trader can increase or decrease the distance between the grids from the User Interface panel, the distance between one grid and another represents the take profit.
Management: The algorithm buys 10% of the capital every time the price breaks down a grid and sells during a rise to the next higher grid. The initial capital is invested in 10 sizes which represent 10% of the capital per trade.
Stop Loss: The algorithm knows no stop loss as long as it is not activated from the User Interface panel. By activating the stop loss from the User Interface panel the algorithm will insert a close condition on all trades which will be calculated from the last lower grid.
Trades: Trades are opened only if the price is within the grid. If the market leaves the grid the algorithm will not buy new positions or sell new positions.
Optimal market conditions: The favorable market for this algorithm is the sideways market.
LIMITATIONS OF THE MODEL
The trader must take into account that this is a static model. It only works perfectly well if the market is in a sideways phase and incurs heavy losses if the market takes a downward trend. The model is unusable for an uptrend. The trader must therefore carefully analyze the market where he intends to use this strategy, making sure that the price is in a sideways phase.
USES
Indispensable research and backtesting tool for those using bots for their investments. The algorithm produces a backtesting of the strategy for past history. It is used by professional traders to understand if this strategy has been profitable on a market and what parameters to use for bots using this strategy (Kucoin, Binance etc.).
If you would like to develop your own algorithm with customized conditions based on a grid strategy, please contact us.
If you need help in using this tool, please contact us without hesitation.
Compound strategyIn this strategy, I looked at how to manage the crypto I bought. Once we have a little understanding of how cryptocurrency is valued, we can manage the coins we have. For example, the most valuable coin in a coin is to sell when it is overvalued and re-buy when it is undervalued. Furthermore, I realised that buying from the right place and selling at the right time is very important to make a good profit. When it says sell, it's divided into several parts.
1. When the major uptrend is over and we are able to make the desired profit, we will sell our holdings outright.
2. Selling in the middle of a down trend and buying less than that amount again
3. When a small uptrend is over, sell the ones you bought at a lower price and make a small profit.
The other important thing is that the average cost is gradually reduced. Also, those who sell at a loss will reduce their profit (winning rate), so knowing that we will have a chance to calculate our loss and recover it. I used this to write a strategy in Trading View. I have put the link below it. From that we can see how this idea works. What I did was I made the signal by taking some technical indicators as I did in the previous one (all the indicators I got in this case were directional indicators, then I was able to get a good correlation and a standard deviation. I multiplied the correlation and the standard deviation by both and I took the signal as the time when the graph went through zero, and I connected it to the volume so that I could see some of the volume supported by it.)
Now let me tell you a little bit about what I see in this strategy. In this I used the compound effect. That is, the strategy, the profit he takes to reinvest. On the other hand, the strategy itself can put a separate stop loss value on each trade and avoid any major loss from that trade. I also added to this strategy the ability to do swing trading. That means we can take the small profits that come with going on a big up trend or a big down trend. Combined with Compound Effect, Stop Loss and Swing Trading, I was able to make a profit of 894% per annum (1,117.62% for 15 months) with a winning rate of 80%. Winning rate dropped to 80% because I added stop loss and swing trading. The other thing is that I applied DCA to this in both the up trend and the down trend (both). That was another reason for me to make a good profit. The orange line shows how to reduction of costly trade. The yellow line shows the profit and you can see that the profit line does not go down during the loss trades. That's because I want to absorb the loss from that trade.
Double SupertrendThis strategy is based on a custom indicator that was created based on the Supertrend indicator. At its core, there are always 2 super trend indicators with different factors to reduce market noise (false signals).
The strategy/indicator has some parameters to improve the signals and filters.
TECHNICAL ANALYSIS
☑ Show Indicators
This option will enable/disable the Supertrend indicators on the chart.
☑ Length
The length will be used on the Supertrend Indicator to calculate its values.
☑ Dev Fast
The fast deviation or factor from one of the super trend indicators. This will be the leading indicator for entry signals, as well as for the exit signals.
☑ Dev Slow
The slow deviation or factor from one of the super trend indicators. This will be the confirmation indicator for entry and exit signals.
☑ Exit Type
It's possible to select from 4 options for the exit signals. Exit signals always take profit target.
☑ ⥹ Reversals
This option will make the strategy/indicator calculate the exit signals based on the difference between the given period's highest and lowest candle value (see Period on this list). It's displayed on the chart with the cross. As it's possible to verify in the image below, there are multiple exit spots for every entry.
☑ ⥹ ATR
Using ATR as a base indicator for exit signals will make the strategy/indicator place limit/stop orders. Candle High + ATR for longs, Candle Low - ATR for shorts. The strategy will show the ATR level for take profit and stick with it until the next signal. This way, the take profit value remains based on the candle of the entry signal.
☑ ⥹ Fast Supertrend
With this option selected, the exit signals will be based on the Fast Supertsignal value, mirrored to make a profit.
☑ ⥹ Slow Supertrend
With this option selected, the exit signals will be based on the Slow Supertsignal value, which is mirrored to take profit.
☑ Period
This will represent the number of candles used on the exit signals when Reversals is selected as Exit Type. It's also used to calculate the gradient used on the Fills and Supertrend signals.
☑ Multiplier
It's used on the take profit when the ATR option is selected on the Exit Type.
STRATEGY
☑ Use The Strategy
This will enable/disable the strategy to show the trades calculations.
☑ Show Use Long/Short Entries
Option to make the strategy show/use Long or Short signals. Available only if Use The Strategy is enabled
☑ Show Use Exit Long/Short
Option to make the strategy show/use Exit Long or Short signals (valid when Reversals option is selected on the Exit Type). Available only if Use The Strategy is enabled
☑ Show Use Add Long/Short
Option to make the strategy show/use Add Long or Short signals. With this option enabled, the strategy will place multiple trades in the same direction, almost the same concept as a pyramiding parameter. It's based on the Fast Supersignal when the candle fails to cross and reverses. Available only if Use The Strategy is enabled
☑ Trades Date Start/End
The date range that the strategy will check the market data and make the trades
HOW TO USE
It's very straightforward. A long signal will appear as a green arrow with a text Long below it. A short signal will appear as a red arrow with a text Short above it. It's ideal to wait for the candle to finish to validate the signal.
The exit signals are optional but give a good idea of the configuration used when backtesting. Each market and timeframe will have its own configuration for the best results. On average, sticking to ATR as an exit signal will have less risk than the other options.
☑ Entry Signals
Follow the arrows with Long/Short texts on them. Wait for the signal candle to close to validate the entry.
☑ Exit Signals
Use them to close your position or to trail stop your orders and maximize profits. Select the exit type suitable for each timeframe and market
☑ Add Entries
It's possible to increase the position following the add margin/contracts based on the Add signals. Not mandatory, but may work as reentries or late entries using the same signal.
☑ What about Stop Loss?
The stop-loss levels were not included as a separated signal because it's already in the chart. There are some possible ideas for the stop loss:
☑⥹ Candle High/Low (2nd recommend option)
When it's a Long signal from the entry signal candle, the stop loss can be the Low value of the same candle. Very tight stop loss in some cases, depending on the candle range
☑⥹ Local Top/Bottom
Selecting the local top/bottom as stop loss will give the strategy more room for false breakouts or reversals, keeping the trade open and minimizing noises. Increases the risk
☑⥹ Fast Supertrend (1st recommend option)
The fast supertrend can be used as stop-loss as well. making it a moving level and working close to trail stop management
☑⥹ Fixed Percentage
It's possible to use a fixed risk percentage for the trades, making the risk easier to control and project. Since the market volatility is not fixed, this may affect the accuracy of the trades
☑⥹ Based on the ATR (3rd recommend option)
When the exit type option ATR is selected, it will display the take profit level for that entry. Just mirror that value and put it as stop-loss, or multiply that amount by 1.5 to have more room for market noise.
EXAMPLE CONFIGURATIONS
Here are some configuration ideas for some markets (all of them are from crypto, especially futures markets)
BTCUSDT 15min - Default configuration
BTCUSDT 1h - Length 10 | Dev Fast 3 | Dev Slow 4 | Exit Type ATR | Period 50 | Multiplier 1
BTCUSDT 4h - Length 10 | Dev Fast 2 | Dev Slow 4 | Exit Type ATR | Period 50 | Multiplier 1
ETHUSDT 15min - Length 20 | Dev Fast 1 | Dev Slow 3 | Exit Type Fast Supertrend | Period 50 | Multiplier 1
IOTAUSDT 15min - Length 10 | Dev Fast 1 | Dev Slow 2 | Exit Type Slow Supertrend | Period 50 | Multiplier 1
OMGUSDT 15min - Length 10 | Dev Fast 1 | Dev Slow 4 | Exit Type Slow Supertrend | Period 50 | Multiplier 1
VETUSDT 15min - Length 10 | Dev Fast 3 | Dev Slow 4 | Exit Type Slow Supertrend | Period 50 | Multiplier 1
HOW TO FIND OTHER CONFIGURATIONS
Here are some steps to find suitable configurations
select a market and time frame
enable the Use This Strategy option on the strategy
open the strategy tester panel and select the performance summary
open the strategy configuration and go to properties
change the balance to the same price of the symbol (example: BTCUSDT 60.000, use 60.000 as balance)
go back to the inputs tab and keep changing the parameters until you see the net profit be positive and bigger than the absolute value of the drawdown
in case you can't find a suitable configuration, try other timeframes
Since the tester reflects what happened in the past candles, it's not guaranteed to give the same results. However, this indicator/Strategy can be used with other indicators as a leading signal or confirmation signal.
Bollinger Bands And Aroon Scalping (by Coinrule)Many technical indicators can be profitable in certain market conditions while failing in others. No indicator is perfect alone.
All the best trading strategies involve multiple indicators and leverage the benefit of each of them. The following is an optimised strategy based on Bollinger Bands and the Aroon indicator.
The Bollinger Bands are among the most famous and widely used indicators. They can suggest when an asset is oversold or overbought in the short term, thus provide the best time for buying and selling it.
A strategy buying dips can work well during times of uptrend. Downtrends will result in a drawdown for the P&L of the strategy. The suggested approach minimises the drawdowns, ensuring that the system trades only when it's more likely to close the trade in profit.
The Setup
ENTRY
The price crosses below the basis line of the Bollinger Band indicator
The Aroon Indicator is above 90
EXIT
The price crosses below the upper Bollinger Band
The Aroon Indicator drops below 70
The Aroon Indicator plays a key role in this strategy. It acts as a confirmation that the asset is currently in an uptrend. On the other hand, it acts as a stop if market conditions deteriorate. The strategy uses an Aroon Indicator set to 288 periods to provide a longer-term view on market conditions, not being heavily dependent on short-term volatility.
The best time frame for this strategy based on our backtest is the 4-hr . The 1-hr can work well with three times more trades, on average. As trades increase, the profitability decreases. Yet again, this is the confirmation that trading more does not mean gaining more.
To make the results more realistic, the strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
Intraday FOREX london scalperThis forex System is only for ECN Broker Account.
Pairs: Major with spread < 0.0001 (EUR/USD).
Setup:
Wait for the market to make to 60 minute from the open.
If the market is near the intraday high be prepared to go short
If the market is near an intraday low for the same time period, then be prepared to go long.
Rules for entry
For sell setups: Enter on sell stop 1 pip from low of the last 15 min bar.
For buy setups: Enter in buy stop 1 pip from high of the last 15-minute bars.
Rules for exit
Take profit: Close out positions on 6 pips profit..
Stop Loss: Close out on 5 pips loss or if trade takes more than 1 minute.
Chaikin Money Flow + MACD + ATRHere I present you on of Trade Pro's Trading Idea: Chaikin Money Flow + MACD + ATR.
This strategy is not as profitable as it can be seen in one of his videos. In the forex market, the strategy could reach a maximum of 35% profitability.
I have, as some of my followers have requested, created an overview of the current position, risk and leverage settings in the form of a table.
Furthermore, one can again swap between short and long positions.
It is now possible to select or deselect individual indicators.
I have chosen the ATR alone as a take profit stop loss, as in his strategy.
A position is only triggered as soon as all prerequisites have been fulfilled and a command is executed. This prevents false triggering by bots and repainting.
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How does the strategy work?
ENTRY
Long
The MACD indicator must be above the zero line.
Then the K line must cross the D line.
Finally, when this happens, the Money Flow Index must be above the zero line.
Short
Contrary to the premise of long positions.
EXIT
ATR Exit
The value of ATR at the time of buying is multiplied by the value entered in "Profit factor ATR" and "Stop factor ATR". As soon as the price reaches this value, it is closed.
Important
The script must be optimized for each coin or currency pair.
I will publish a guide to the strategy shortly. There I will explain how the table works and how to set the strategy correctly.
The results of the strategy are without commissions and leverage.
If you have any questions or feedback, please let me know in the comments.
Realtime Delta Volume Action [LucF]█ OVERVIEW
This indicator displays on-chart, realtime, delta volume and delta ticks information for each bar. It aims to provide traders who trade price action on small timeframes with volume and tick information gathered as updates come in the chart's feed. It builds its own candles, which are optimized to display volume delta information. It only works in realtime.
█ WARNING
This script is intended for traders who can already profitably trade discretionary on small timeframes. The high cost in fees and the excitement of trading at small timeframes have ruined many newcomers to trading. While trading at small timeframes can work magic for adrenaline junkies in search of thrills rather than profits, I DO NOT recommend it to most traders. Only seasoned discretionary traders able to factor in the relatively high cost of such a trading practice can ever hope to take money out of markets in that type of environment, and I would venture they account for an infinitesimal percentage of traders. If you are a newcomer to trading, AVOID THIS TOOL AT ALL COSTS — unless you are interested in experimenting with the interpretation of volume delta combined with price action. No tool currently available on TradingView provides this type of close monitoring of volume delta information, but if you are not already trading small timeframes profitably, please do not let yourself become convinced that it is the missing piece you needed. Avoid becoming a sucker who only contributes by providing liquidity to markets.
The information calculated by the indicator cannot be saved on charts, nor can it be recalculated from historical bars.
If you refresh the chart or restart the script, the accumulated information will be lost.
█ FEATURES
Key values
The script displays the following key values:
• Above the bar: ticks delta (DT), the total ticks for the bar, the percentage of total ticks that DT represents (DT%)
• Below the bar: volume delta (DV), the total volume for the bar, the percentage of total volume that DV represents (DV%).
Candles
Candles are composed of four components:
1. A top shaped like this: ┴, and a bottom shaped like this: ┬ (picture a normal Japanese candle without a body outline; the values used are the same).
2. The candle bodies are filled with the bull/bear color representing the polarity of DV. The intensity of the body's color is determined by the DV% value.
When DV% is 100, the intensity of the fill is brightest. This plays well in interpreting the body colors, as the smaller, less significant DV% values will produce less vivid colors.
3. The bright-colored borders of the candle bodies occur on "strong bars", i.e., bars meeting the criteria selected in the script's inputs, which you can configure.
4. The POC line is a small horizontal line that appears to the left of the candle. It is the volume-weighted average of all price updates during the bar.
Calculations
This script monitors each realtime update of the chart's feed. It first determines if price has moved up or down since the last update. The polarity of the price change, in turn, determines the polarity of the volume and tick for that specific update. If price does not move between consecutive updates, then the last known polarity is used. Using this method, we can calculate a running volume delta and ticks delta for the bar, which becomes the bar's final delta values when the bar closes (you can inspect values of elapsed realtime bars in the Data Window or the indicator's values). Note that these values will all reset if the script re-executes because of a change in inputs or a chart refresh.
While this method of calculating is not perfect, it is by far the most precise way of calculating volume delta available on TradingView at the moment. Calculating more precise results would require scripts to have access to tick data from any chart timeframe. Charts at seconds timeframes do use exchange/broker ticks when the feeds you are using allow for it, and this indicator will run on them, but tick data is not yet available from higher timeframes. Also, note that the method used in this script is far superior to the intrabar inspection technique used on historical bars in my other "Delta Volume" indicators. This is because volume and ticks delta here are calculated from many more realtime updates than the available intrabars in history. Unfortunately, the calculation method used here cannot be used on historical bars, where intrabar inspection remains, in my opinion, the optimal method.
Inputs
The script's inputs provide many ways to personalize all the components: what is displayed, the colors used to display the information, and the marker conditions. Tooltips provide details for many of the inputs; I leave their exploration to you.
Markers
Markers provide a way for you to identify the points of interest of your choice on the chart. You control the set of conditions that trigger each of the five available markers.
You select conditions by entering, in the field for each marker, the number of each condition you want to include, separated by a comma. The conditions are:
1 — The bar's polarity is up/dn.
2 — `close` rises/falls ("rises" means it is higher than its value on the previous bar).
3 — DV's polarity is +/–.
4 — DV% rises (↕).
5 — POC rises/falls.
6 — The quantity of realtime updates rises (↕).
7 — DV > limit (You specify the limit in the inputs. Since DV can be +/–, DV– must be less than `–limit` for a short marker).
8 — DV% > limit (↕).
9 — DV+ rises for a long marker, DV– falls for a short.
10 — Consecutive DV+/DV– on two bars.
11 — Total volume rises (↕).
12 — DT's polarity is +/–.
13 — DT% rises (↕).
14 — DT+ rises for a long marker, DT– falls for a short.
Conditions showing the (↕) symbol do not have symmetrical states; they act more like filters. If you only include condition 4 in a marker's setup, for example, both long and short markers will trigger on bars where DV% rises. To trigger only long or short markers, you must add a condition providing directional differentiation, such as conditions 1 or 2. Accordingly, you would enter "1,4" or "2,4".
For a marker to trigger, ALL the conditions you specified for it must be met. Long markers appear on the chart as "Mx▲" signs under the values displayed below candles. Short markers display "Mx▼" over the number of updates displayed above candles. The marker's number will replace the "x" in "Mx▲". The script loads with five markers that will not trigger because no conditions are associated with them. To activate markers, you will need to select and enter the set of conditions you require for each one.
Alerts
You can configure alerts on this script. They will trigger whenever one of the configured markers triggers. Alerts do not repaint, so they trigger at the bar's close—which is also when the markers will appear.
█ HOW TO USE IT
As a rule, I do not prescribe expected use of my indicators, as traders have proved to be much more creative than me in using them. Additionally, I tend to think that if you expect detailed recommendations from me to be able to use my indicators, it's a sign you are in a precarious situation and should go back to the drawing board and master the necessary basics that will allow you to explore and decide for yourself if my indicators can be useful to you, and how you will use them. I will make an exception for this thing, as it presents fairly novel information. I will use simple logic to surmise potential uses, as contrary to most of my other indicators, I have NOT used this one to actually trade. Markets have a way of throwing wrenches in our seemingly bullet-proof rationalizing, so drive cautiously and please forgive me if the pointers I share here don't pan out.
The first thing to do is to disable your normal bars. You can do this by clicking on the eye icon that appears when you hover over the symbol's name in the upper-left corner of your chart.
The absolute value and polarity of DV mean little without perspective; that's why I include both total volume for the bar and the percentage that DV represents of that total volume. I interpret a low DV% value as indecision. If you share that opinion, you could, let's say, configure one of the markers on "DV% > 80%", for example (to do so you would enter "8" in the condition field of any marker, and "80" in the limit field for condition 8, below the marker conditions).
I also like to analyze price action on the bar with DV%. Small DV% values should often produce small candle bodies. If a small DV% value occurs on a bar with much movement and high volume, I'm thinking "tough battle with potential explosive power when one side wins". Conversely, large bodies with high DV% mean that large volume is breaching through multiple levels, or that nobody is suddenly willing to take the other side of a normal volume of trades.
I find the POC lines really interesting. First, they tell us the price point where the most significant action (taking into account both price occurrences AND volume) during the bar occurred. Second, they can be useful when compared against past values. Third, their color helps us in figuring out which ones are the most significant. Unsurprisingly, bunches of orange POCs tend to appear in consolidation zones, in pauses, and before reversals. It may be useful to often focus more on POC progression than on `close` values. This is not to say that OHLC values are not useful; looking, as is customary, for higher highs or lower lows, or for repeated tests of precise levels can of course still be useful. I do like how POCs add another dimension to chart readings.
What should you do with the ticks delta above bars? Old-time ticker tape readers paid attention to the sounds coming from it (the "ticker" moniker actually comes from the sound they made). They knew activity was picking up when the frequency of the "ticks" increased. My thinking is that the total number of ticks will help you in the same way, since increasing updates usually mean growing interest—and thus perhaps price movement, as increasing volatility or volume would lead us to surmise. Ticks delta can help you figure out when proportionally large, random orders come in from traders with other perspectives than the short-term price action you are typically working with when you use this tool. Just as volume delta, ticks delta are one more informational component that can help you confirm convergence when building your opinions on price action.
What are strong bars? They are an attempt to identify significance. They are like a default marker, except that instead of displaying "Mx▲/▼" below/above the bar, the candle's body is outlined in bright bull/bear color when one is detected. Strong bars require a respectable amount of conditions to be met (you can see and re-configure them in the inputs). Think of them as pushes rather than indications of an upcoming, strong and multi-bar move. Pushes do, for sure, often occur at the beginning of strong trends. You will often see a few strong bars occur at 2-3 bar intervals at the beginning or middle of trends. But they also tend to occur at tops/bottoms, which makes their interpretation problematic. Another pattern that you will see quite frequently is a final strong bar in the direction of the trend, followed a few bars later by another strong bar in the reverse direction. My summary analyses seemed to indicate these were perhaps good points where one could make a bet on an early, risky reversal entry.
The last piece of information displayed by the indicator is the color of the candle bodies. Three possible colors are used. Bull/bear is determined by the polarity of DV, but only when the bar's polarity matches that of DV. When it doesn't, the color is the divergence color (orange, by default). Whichever color is used for the body, its intensity is determined by the DV% value. Maximum intensity occurs when DV%=100, so the more significant DV% values generate more noticeable colors. Body colors can be useful when looking to confirm the convergence of other components. The visual effect this creates hopefully makes it easier to detect patterns on the chart.
One obvious methodology that comes to mind to trade with this tool would be to use another indicator like Technical Ratings at a higher timeframe to identify the larger context's trend, and then use this tool to identify entries for short-term trades in that direction.
█ NOTES AND RAMBLINGS
Instant Calculations
This indicator uses instant values calculated on the bar only. No moving averages or calculations involving historical periods are used. The only exception to this rule is in some of the marker conditions like "Two consecutive DV+ values", where information from the previous bar is used.
Trading Small vs Long Timeframes
I never trade discretionary at the 5sec–5min timeframes this indicator was designed to be used with; I trade discretionary at 1D, 1W and 1M timeframes, and let systems trade at smaller timeframes. The higher the timeframe you trade at, the fewer fees you will pay because you trade less and are not churning trading volume, as is inevitable at smaller timeframes. Trading at higher timeframes is also a good way to gain an instant edge on most of the trading crowd that has its nose to the ground and often tends to forget the big picture. It also makes for a much less demanding trading practice, where you have lots of time to research and build your long-term opinions on potential future outcomes. While the future is always uncertain, I believe trades riding on long-term trends have stronger underlying support from the reality outside markets.
To traders who will ask why I publish an indicator designed for small timeframes, let me say that my main purpose here is to showcase what can be done with Pine. I often see comments by coders who are obviously not aware of what Pine is capable of in 2021. Since its humble beginnings seven years ago, Pine has grown and become a serious programming language. TradingView's growing popularity and its ongoing commitment to keep Pine accessible to newcomers to programming is gradually making Pine more and more of a standard in indicator and strategy programming. The technical barriers to entry for traders interested in owning their trading practice by developing their personal tools to trade have never been so low. I am also publishing this script because I value volume delta information, and I present here what I think is an original way of analyzing it.
Performance
The script puts a heavy load on the Pine runtime and the charting engine. After running the script for a while, you will often notice your chart becoming less responsive, and your chart tab can take longer to activate when you go back to it after using other tabs. That is the reason I encourage you to set the number of historical values displayed on bars to the minimum that meets your needs. When your chart becomes less responsive because the script has been running on it for many hours, refreshing the browser tab will restart everything and bring the chart's speed back up. You will then lose the information displayed on elapsed bars.
Neutral Volume
This script represents a departure from the way I have previously calculated volume delta in my scripts. I used the notion of "neutral volume" when inspecting intrabar timeframes, for bars where price did not move. No longer. While this had little impact when using intrabar inspection because the minimum usable timeframe was 1min (where bars with zero movement are relatively infrequent), a more precise way was required to handle realtime updates, where multiple consecutive prices often have the same value. This will usually happen whenever orders are unable to move across the bid/ask levels, either because of slow action or because a large-volume bid/ask level is taking time to breach. In either case, the proper way to calculate the polarity of volume delta for those updates is to use the last known polarity, which is how I calculate now.
The Order Book
Without access to the order book's levels (the depth of market), we are limited to analyzing transactions that come in the TradingView feed for the chart. That does not mean the volume delta information calculated this way is irrelevant; on the contrary, much of the information calculated here is not available in trading consoles supplied by exchanges/brokers. Yet it's important to realize that without access to the order book, you are forfeiting the valuable information that can be gleaned from it. The order book's levels are always in movement, of course, and some of the information they contain is mere posturing, i.e., attempts to influence the behavior of other players in the market by traders/systems who will often remove their orders when price comes near their order levels. Nonetheless, the order book is an essential tool for serious traders operating at intraday timeframes. It can be used to time entries/exits, to explain the causes of particular price movements, to determine optimal stop levels, to get to know the traders/systems you are betting against (they tend to exhibit behavioral patterns only recognizable through the order book), etc. This tool in no way makes the order book less useful; I encourage all intraday traders to become familiar with it and avoid trading without one.
(IK) Base Break BuyThis strategy first calculates areas of support (bases), and then enters trades if that support is broken. The idea is to profit off of retracement. Dollar-cost-averaging safety orders are key here. This strategy takes into account a .1% commission, and tests are done with an initial capital of 100.00 USD. This only goes long.
The strategy is highly customizable. I've set the default values to suit ETH/USD 15m. If you're trading this on another ticker or timeframe, make sure to play around with the settings. There is an explanation of each input in the script comments. I found this to be profitable across most 'common sense' values for settings, but tweaking led to some pretty promising results. I leaned more towards high risk/high trade volume.
Always remember though: historical performance is no guarantee of future behavior . Keep settings within your personal risk tolerance, even if it promises better profit. Anyone can write a 100% profitable script if they assume price always eventually goes up.
Check the script comments for more details, but, briefly, you can customize:
-How many bases to keep track of at once
-How those bases are calculated
-What defines a 'base break'
-Order amounts
-Safety order count
-Stop loss
Here's the basic algorithm:
-Identify support.
--Have previous candles found bottoms in the same area of the current candle bottom?
--Is this support unique enough from other areas of support?
-Determine if support is broken.
--Has the price crossed under support quickly and with certainty?
-Enter trade with a percentage of initial capital.
-Execute safety orders if price continues to drop.
-Exit trade at profit target or stop loss.
Take profit is dynamic and calculated on order entry. The bigger the 'break', the higher your take profit percentage. This target percentage is based on average position size, so as safety orders are filled, and average position size comes down, the target profit becomes easier to reach.
Stop loss can be calculated one of two ways, either a static level based on initial entry, or a dynamic level based on average position size. If you use the latter (default), be aware, your real losses will be greater than your stated stop loss percentage . For example:
-stop loss = 15%, capital = 100.00, safety order threshold = 10%
-you buy $50 worth of shares at $1 - price average is $1
-you safety $25 worth of shares at $0.9 - price average is $0.966
-you safety $25 worth of shares at $0.8. - price average is $0.925
-you get stopped out at 0.925 * (1-.15) = $0.78625, and you're left with $78.62.
This is a realized loss of ~21.4% with a stop loss set to 15%. The larger your safety order threshold, the larger your real loss in comparison to your stop loss percentage, and vice versa.
Indicator plots show the calculated bases in white. The closest base below price is yellow. If that base is broken, it turns purple. Once a trade is entered, profit target is shown in silver and stop loss in red.
Machine Learning / Longs [Experimental]Hello Traders/Programmers,
For long time I thought that if it's possible to make a script that has own memory and criterias in Pine. it would learn and find patterns as images according to given criterias. after we have arrays of strings, lines, labels I tried and made this experimental script. The script works only for Long positions.
Now lets look at how it works:
On each candle it creates an image of last 8 candles. before the image is created it finds highest/lowest levels of 8 candles, and creates a string with the lengths 64 (8 * 8). and for each square, it checks if it contains wick, green or red body, green or red body with wicks. see the following picture:
Each square gets the value:
0: nothing in it
1: only wick in it
2: only red body in it
3. only green body in it
4: red body and wick in it
5: green body and wick in it
And then it checks if price went up equal or higher than user-defined profit. if yes then it adds the image to the memory/array. and I call this part as Learning Part.
what I mean by image is:
if there is 1 or more element in the memory, it creates image for current 8 candles and checks the memory if there is a similar images. If the image has similarity higher than user-defined similarty level then if show the label "Matched" and similarity rate and the image in the memory. if it find any with the similarity rate is equal/greater than user-defined level then it stop searching more.
As an example matched image:
and then price increased and you got the profit :)
Options:
Period: if there is possible profit higher than user-defined minimum profit in that period, it checks the images from 2. to X. bars.
Min Profit: you need to set the minimum expected profit accordingly. for example in 1m chart don't enter %10 as min profit :)
Similarity Rate: as told above, you can set minimum similarity rate, higher similarity rate means better results but if you set higher rates, number of images will decrease. set it wisely :)
Max Memory Size: you can set number of images (that gives the profit equal/higher than you set) to be saved that in memory
Change Bar Color: optionally it can change bar colors if current image is found in the memory
Current version of the script doesn't check if the price reach the minimum profit target, so no statistics.
This is completely experimental work and I made it for fun. No one or no script can predict the future. and you should not try to predict the future.
P.S. it starts searching on last bar, it doesn't check historical bars. if you want you should check it in replay mode :)
if you get calculation time out error then hide/unhide the script. ;)
Enjoy!
888 BOT #backtest█ 888 BOT #backtest (open source)
This is an Expert Advisor 'EA' or Automated trading script for ‘longs’ and ‘shorts’, which uses only a Take Profit or, in the worst case, a Stop Loss to close the trade.
It's a much improved version of the previous ‘Repanocha’. It doesn`t use 'Trailing Stop' or 'security()' functions (although using a security function doesn`t mean that the script repaints) and all signals are confirmed, therefore the script doesn`t repaint in alert mode and is accurate in backtest mode.
Apart from the previous indicators, some more and other functions have been added for Stop-Loss, re-entry and leverage.
It uses 8 indicators, (many of you already know what they are, but in case there is someone new), these are the following:
1. Jurik Moving Average
It's a moving average created by Mark Jurik for professionals which eliminates the 'lag' or delay of the signal. It's better than other moving averages like EMA , DEMA , AMA or T3.
There are two ways to decrease noise using JMA . Increasing the 'LENGTH' parameter will cause JMA to move more slowly and therefore reduce noise at the expense of adding 'lag'
The 'JMA LENGTH', 'PHASE' and 'POWER' parameters offer a way to select the optimal balance between 'lag' and over boost.
Green: Bullish , Red: Bearish .
2. Range filter
Created by Donovan Wall, its function is to filter or eliminate noise and to better determine the price trend in the short term.
First, a uniform average price range 'SAMPLING PERIOD' is calculated for the filter base and multiplied by a specific quantity 'RANGE MULTIPLIER'.
The filter is then calculated by adjusting price movements that do not exceed the specified range.
Finally, the target ranges are plotted to show the prices that will trigger the filter movement.
Green: Bullish , Red: Bearish .
3. Average Directional Index ( ADX Classic) and ( ADX Masanakamura)
It's an indicator designed by Welles Wilder to measure the strength and direction of the market trend. The price movement is strong when the ADX has a positive slope and is above a certain minimum level 'ADX THRESHOLD' and for a given period 'ADX LENGTH'.
The green color of the bars indicates that the trend is bullish and that the ADX is above the level established by the threshold.
The red color of the bars indicates that the trend is down and that the ADX is above the threshold level.
The orange color of the bars indicates that the price is not strong and will surely lateralize.
You can choose between the classic option and the one created by a certain 'Masanakamura'. The main difference between the two is that in the first it uses RMA () and in the second SMA () in its calculation.
4. Parabolic SAR
This indicator, also created by Welles Wilder, places points that help define a trend. The Parabolic SAR can follow the price above or below, the peculiarity that it offers is that when the price touches the indicator, it jumps to the other side of the price (if the Parabolic SAR was below the price it jumps up and vice versa) to a distance predetermined by the indicator. At this time the indicator continues to follow the price, reducing the distance with each candle until it is finally touched again by the price and the process starts again. This procedure explains the name of the indicator: the Parabolic SAR follows the price generating a characteristic parabolic shape, when the price touches it, stops and turns ( SAR is the acronym for 'stop and reverse'), giving rise to a new cycle. When the points are below the price, the trend is up, while the points above the price indicate a downward trend.
5. RSI with Volume
This indicator was created by LazyBear from the popular RSI .
The RSI is an oscillator-type indicator used in technical analysis and also created by Welles Wilder that shows the strength of the price by comparing individual movements up or down in successive closing prices.
LazyBear added a volume parameter that makes it more accurate to the market movement.
A good way to use RSI is by considering the 50 'RSI CENTER LINE' centerline. When the oscillator is above, the trend is bullish and when it is below, the trend is bearish .
6. Moving Average Convergence Divergence ( MACD ) and ( MAC-Z )
It was created by Gerald Appel. Subsequently, the histogram was added to anticipate the crossing of MA. Broadly speaking, we can say that the MACD is an oscillator consisting of two moving averages that rotate around the zero line. The MACD line is the difference between a short moving average 'MACD FAST MA LENGTH' and a long moving average 'MACD SLOW MA LENGTH'. It's an indicator that allows us to have a reference on the trend of the asset on which it is operating, thus generating market entry and exit signals.
We can talk about a bull market when the MACD histogram is above the zero line, along with the signal line, while we are talking about a bear market when the MACD histogram is below the zero line.
There is the option of using the MAC-Z indicator created by LazyBear, which according to its author is more effective, by using the parameter VWAP ( volume weighted average price ) 'Z-VWAP LENGTH' together with a standard deviation 'STDEV LENGTH' in its calculation.
7. Volume Condition
Volume indicates the number of participants in this war between bulls and bears, the more volume the more likely the price will move in favor of the trend. A low trading volume indicates a lower number of participants and interest in the instrument in question. Low volumes may reveal weakness behind a price movement.
With this condition, those signals whose volume is less than the volume SMA for a period 'SMA VOLUME LENGTH' multiplied by a factor 'VOLUME FACTOR' are filtered. In addition, it determines the leverage used, the more volume , the more participants, the more probability that the price will move in our favor, that is, we can use more leverage. The leverage in this script is determined by how many times the volume is above the SMA line.
The maximum leverage is 8.
8. Bollinger Bands
This indicator was created by John Bollinger and consists of three bands that are drawn superimposed on the price evolution graph.
The central band is a moving average, normally a simple moving average calculated with 20 periods is used. ('BB LENGTH' Number of periods of the moving average)
The upper band is calculated by adding the value of the simple moving average X times the standard deviation of the moving average. ('BB MULTIPLIER' Number of times the standard deviation of the moving average)
The lower band is calculated by subtracting the simple moving average X times the standard deviation of the moving average.
the band between the upper and lower bands contains, statistically, almost 90% of the possible price variations, which means that any movement of the price outside the bands has special relevance.
In practical terms, Bollinger bands behave as if they were an elastic band so that, if the price touches them, it has a high probability of bouncing.
Sometimes, after the entry order is filled, the price is returned to the opposite side. If price touch the Bollinger band in the same previous conditions, another order is filled in the same direction of the position to improve the average entry price, (% MINIMUM BETTER PRICE ': Minimum price for the re-entry to be executed and that is better than the price of the previous position in a given %) in this way we give the trade a chance that the Take Profit is executed before. The downside is that the position is doubled in size. 'ACTIVATE DIVIDE TP': Divide the size of the TP in half. More probability of the trade closing but less profit.
█ STOP LOSS and RISK MANAGEMENT.
A good risk management is what can make your equity go up or be liquidated.
The % risk is the percentage of our capital that we are willing to lose by operation. This is recommended to be between 1-5%.
% Risk: (% Stop Loss x % Equity per trade x Leverage) / 100
First the strategy is calculated with Stop Loss, then the risk per operation is determined and from there, the amount per operation is calculated and not vice versa.
In this script you can use a normal Stop Loss or one according to the ATR. Also activate the option to trigger it earlier if the risk percentage is reached. '% RISK ALLOWED'
'STOP LOSS CONFIRMED': The Stop Loss is only activated if the closing of the previous bar is in the loss limit condition. It's useful to prevent the SL from triggering when they do a ‘pump’ to sweep Stops and then return the price to the previous state.
█ BACKTEST
The objective of the Backtest is to evaluate the effectiveness of our strategy. A good Backtest is determined by some parameters such as:
- RECOVERY FACTOR: It consists of dividing the 'net profit' by the 'drawdown’. An excellent trading system has a recovery factor of 10 or more; that is, it generates 10 times more net profit than drawdown.
- PROFIT FACTOR: The ‘Profit Factor’ is another popular measure of system performance. It's as simple as dividing what win trades earn by what loser trades lose. If the strategy is profitable then by definition the 'Profit Factor' is going to be greater than 1. Strategies that are not profitable produce profit factors less than one. A good system has a profit factor of 2 or more. The good thing about the ‘Profit Factor’ is that it tells us what we are going to earn for each dollar we lose. A profit factor of 2.5 tells us that for every dollar we lose operating we will earn 2.5.
- SHARPE: (Return system - Return without risk) / Deviation of returns.
When the variations of gains and losses are very high, the deviation is very high and that leads to a very poor ‘Sharpe’ ratio. If the operations are very close to the average (little deviation) the result is a fairly high 'Sharpe' ratio. If a strategy has a 'Sharpe' ratio greater than 1 it is a good strategy. If it has a 'Sharpe' ratio greater than 2, it is excellent. If it has a ‘Sharpe’ ratio less than 1 then we don't know if it is good or bad, we have to look at other parameters.
- MATHEMATICAL EXPECTATION: (% winning trades X average profit) + (% losing trades X average loss).
To earn money with a Trading system, it is not necessary to win all the operations, what is really important is the final result of the operation. A Trading system has to have positive mathematical expectation as is the case with this script: ME = (0.87 x 30.74$) - (0.13 x 56.16$) = (26.74 - 7.30) = 19.44$ > 0
The game of roulette, for example, has negative mathematical expectation for the player, it can have positive winning streaks, but in the long term, if you continue playing you will end up losing, and casinos know this very well.
PARAMETERS
'BACKTEST DAYS': Number of days back of historical data for the calculation of the Backtest.
'ENTRY TYPE': For '% EQUITY' if you have $ 10,000 of capital and select 7.5%, for example, your entry would be $ 750 without leverage. If you select CONTRACTS for the 'BTCUSDT' pair, for example, it would be the amount in 'Bitcoins' and if you select 'CASH' it would be the amount in $ dollars.
'QUANTITY (LEVERAGE 1X)': The amount for an entry with X1 leverage according to the previous section.
'MAXIMUM LEVERAGE': It's the maximum allowed multiplier of the quantity entered in the previous section according to the volume condition.
The settings are for Bitcoin at Binance Futures (BTC: USDTPERP) in 15 minutes.
For other pairs and other timeframes, the settings have to be adjusted again. And within a month, the settings will be different because we all know the market and the trend are changing.
Fibonacci-Trading-Indikator_3Daily (weekly, monthly) profits with the Fibonacci trading indicator_3
Quotes move in Fibonacci ratios in liquid markets. With this indicator you receive information for daily trades or for position trades based on a week or on a monthly basis, in which area you should ideally enter the market and where the minimum achievable price target is. This price target is 61.8% of yesterday's trading range, or the trading range of the previous week, or the trading range of the previous month, depending on the time frame for which the indicator should calculate the minimum achievable high / low. This is also where you realize your profit.
For this calculation, the following entries must be made in the properties window of the indicator:
• Preselection uptrend / downtrend.
• Time frame (day, week, ...) of the price bar for the possible high / low to be determined.
• Trading range of the previous day, or the previous week, or the previous month.
• Current lowest low of the selected time frame when trading has started and prices are rising.
• Current highest high of the selected time frame when trading has started and prices are falling.
Important areas for trading are:
• The entry range 0% - 23.6% for long or short.
• The target price level 61.8%.
Choose a suitable time frame to detect the direction of movement while the quotes are still moving in the entry area. The camelback indicator can be of great help. Also test the resolution setting of the camelback indicator. With a resolution of 1 hour in the 6 or 12 minute chart, you get a perspective for the broader direction. Movement patterns of corrections or consolidations, if they last more than a day or a week, also give clues to the coming direction of movement for the trade. So look back to see what happened yesterday, a week ago, or a month ago. Pay attention to the market anatomy, find out how the market works, count the price bars in consolidations and trends.
After entering the values the indicator will show the Fibonacci expansion price levels for the possible high or low for the selected time frame. Buy / sell within the entry range between 0% and 23.6% as the market moves towards the last long / or short entry point. This is the course range up to the 23.6% course level. The 61.8% price level is the minimum expected price target. We assume that the current bar will reach at least 61.8% of the trading range of the previous day, week or month. Depending on the set time frame. You should therefore realize the profits you have made with 50% of the position when the prices have reached the 61.8% level. With a suitable trailing stop you can be stopped with the rest of the position, but do not risk more than 50% of the profits.
With the quarter or year preselection and the corresponding entries, the minimum expected quarterly high / quarterly low or annual high / annual low can be determined.
The Fibonacci price levels can be shown and hidden. In the chart click on the gear wheel for “Chart Settings”. In the “Scaling” menu, the price levels can be displayed with the preselection “Label for indicator names” and “Label for last indicator value”. Slide the chart to the right to find possible support and resistance at the price levels that could provide confirmation of the target.
In the event of input errors or missing entries for a time frame, the indicator is hidden.
Pay attention to your trade management to avoid losses.
The new Fibonacci Trading Indicator_3 has the following additions and changes:
Area code for the quarter time frame has been added.
The entry area received a 23.6% and a 50% subdivision. Two envelope lines above the 23.6% entry level in the case of an upward trend and below the 23.6% entry level in the case of a downtrend, with a width of 23.6% and 14.6% of the entry level, are intended to indicate that the closing price is higher the quotations have broken out of the entry-level area.
A volatility stop for upward and downward trends can be activated.
A factor is added to the fluctuation range of each price bar for the stop. Then a moving average is calculated with an adjustable period. The period setting should be set between 5 and 10. The result can be smoothed adjustable.
Presetting:
Periods = 10
Factor = 1.4
Smoothing = 7
With the assumption that the market entry in an upward trend occurs when the prices break out above a bar high, the result of the stop calculation is subtracted from the bar high. In the case of a downward trend, the result of the stop calculation is added to the price bar low.
When entering the market, set the factor to 2.4. If inside bars follow a trend movement, the stop should be brought closer. Try the factor setting 0.4 or less. The smallest adjustable factor is 0.1.
For the entry into an established trend, as described in an idea contribution by me, there are two switchable moving averages. The application for the (MA_H) takes place on high and for the (MA_L) adjustable on high, low, shot, h + 1/2 etc. Period and offset (shift) are adjustable. With this idea, the entry into the market occurs between a 618% correction (the Fibonacci entry point) and the DEP (average entry point). The DEP in this case is the MA_H with period = 4 and an offset = 1 in the case of a downward trend, or the MA_L with the same setting and application to lows in an upward trend.
Also test the MA_L in trends with the settings (period, offset) 3.3 or 5, 3 or 7.5 and applying it to closing prices for a close encompassing of the highs / lows.
Tägliche (wöchentliche, monatliche) Gewinne mit dem Fibonacci-Trading Indikator_3
Kursnotierungen bewegen sich in liquiden Märkten in Fibonacci-Verhältnisse. Mit diesem Indikator erhalten Sie für Tagesgeschäfte, oder für Positionstrades auf Basis einer Woche, oder auf Basis eines Monats Informationen, in welchem Bereich Sie idealerweise in den Markt einsteigen sollten und wo das mindeste erreichbare Kursziel liegt. Dieses Kursziel liegt bei 61,8% der gestrigen Handelspanne, oder der Handelspanne der Vorwoche, oder der Handelspanne des Vormonats, also abhängig davon für welchen Zeitrahmen der Indikator das mindeste erreichbare Hoch/Tief berechnen soll. Dort realisieren Sie auch Ihren Gewinn.
Für diese Berechnung sind folgende Eingaben im Eigenschaftenfenster des Indikators einzustellen:
• Vorwahl Aufwärtstrend/ Abwärtstrend.
• Zeitrahmen (Tag, Woche, …) des Kursbalkens für das zu ermittelnde mögliche Hoch/ Tief.
• Handelspanne des vorherigen Tages, oder der vorherigen Woche, oder des vorherigen Monats.
• Aktuell tiefstes Tief des vorgewählten Zeitrahmens, wenn der Handel begonnen hat und die Notierungen steigen.
• Aktuell höchstes Hoch des vorgewählten Zeitrahmens, wenn der Handel begonnen hat und die Notierungen fallen.
Wichtige Bereiche für das Trading sind:
• Der Einstiegsbereich 0% - 23,6% für long oder short.
• Der Kursziellevel 61,8%.
Wählen Sie für die Erkennung der Bewegungsrichtung einen geeigneten Zeitrahmen, während sich die Notierungen noch im Einstiegsbereich bewegen. Der Camelback-Indikator kann eine gute Hilfe sein. Testen Sie auch die Auflösung-Einstellung des Camelback-Indikators. Mit der Auflösung 1 Stunde Im 6- oder 12 Minuten-Chart erhalten Sie einen Blickwinkel für die große Richtung. Auch Bewegungsmuster von Korrekturen oder Konsolidierungen, wenn sie mehr als einen Tag oder eine Woche andauern geben Hinweise auf die kommende Bewegungsrichtung für den Trade. Schauen Sie also zurück um zu prüfen, was sich gestern, vor einer Woche oder vor einem Monat abgespielt hat. Achten sie auf die Marktanatomie, finden Sie heraus wie der Markt funktioniert, zählen Sie Kursstäbe in Konsolidierungen und Trends.
Nach Eingabe der Werte zeigt der Indikator die Fibonacci-Ausweitungskurslevels für das mögliche Hoch oder Tief für den ausgewählten Zeitrahmen. Kaufen/ verkaufen Sie innerhalb des Einstiegsbereichs zwischen 0% und 23,6%, während sich der Markt in Richtung des letzten long-/ oder short-Einstiegspunktes bewegt. Das ist der Kursbereich bis zum 23,6%- Kurslevel. Der 61,8%-Kurslevel ist das mindeste erwartbare Kursziel. Wir gehen davon aus, dass der aktuelle Kursbalken mindestens 61,8% der Handelsspanne des vorherigen Tages, der vorherigen Woche oder des vorherigen Monats erreichen wird. Abhängig vom eingestellten Zeitrahmen. Realisieren Sie deshalb die angelaufenen Gewinne mit 50% der Position, wenn die Notierungen den 61,8% - Level erreicht haben. Mit einem geeigneten Trailing-Stopp lassen Sie sich mit der restlichen Position ausstoppen, riskieren Sie dafür aber nicht mehr als 50 % der angelaufenen Gewinne.
Mit der Vorwahl Quartal oder Jahr und den entsprechenden Eingaben kann auch das mindeste erwartbare Quartalshoch/ Quartalstief bzw. Jahreshoch/ Jahrestief ermittelt werden.
Die Fibonacci-Kurslevels lassen sich ein- und ausblenden. Klicken Sie im Chart auf das Zahnrad für „Chart Einstellungen“. Im Menü „Skalierungen“ kann mit der Vorwahl „Label für Indikatornahmen“ und „Label für letzten Indikatorwert“ die Kurslevels angezeigt werden. Schieben Sie den Chart nach rechts um mögliche Unterstützungen und Widerstände an den Kurslevels zu finden, die Bestätigung für das Ziel geben könnten.
Bei Eingabefehlern oder fehlenden Eingaben zu einem Zeitrahmen wird der Indikator ausgeblendet.
Achten Sie zur Vermeidung von Verlusten auf ihr Handelsmanagement.
Der neue Fibonacci-Trading-Indikator_3 besitz folgende Zusätze und Änderungen:
Vorwahl für den Zeitrahmen Quartal wurde hinzugefügt.
Der Einstiegsbereich erhielt eine 23,6% und eine 50% Unterteilung. Zwei Umschlagslinien über dem 23,6%-Einstiegslevel bei einem Aufwärtstrend, bzw. unter dem 23,6%-Einstiegslevel bei einem Abwärtstrend, mit der Breite 23,6% und 14,6% vom Einstiegsbereich, sollen bei höherem Schlusskurs signalisieren, dass die Notierungen aus dem Einstiegsbereich ausgebrochen sind.
Ein Volatilitätsstopp jeweils für Aufwärts- und Abwärtstrend kann zugeschaltet werden.
Für den Stopp wird die Schwankungsbreite jedes Kursbalkens wird mit einem Faktor beaufschlagt. Danach erfolgt die Berechnung eines gleitenden Durchschnitts mit einstellbarer Periode. Die Periodeneinstellung sollte zwischen 5 und 10 eingestellt werden. Das Ergebnis kann einstellbar geglättet werden.
Voreinstellung:
Perioden = 10
Faktor = 1,4
Glättung = 7
Mit der Annahme, dass der Markteinstieg in einem Aufwärtstrend bei Ausbruch der Notierungen über ein Kursbalkenhoch erfolgt, wird das Ergebnis der Stoppberechnung vom Kursbalkenhoch subtrahiert. Bei einem Abwärtstrend wird das Ergebnis der Stoppberechnung zum Kursbalkentief addiert.
Stellen Sie bei Markteintritt den Faktor auf 2,4. Folgen nach einer Trendbewegung Innenstäbe sollte der Stopp näher herangeführt werden. Probieren Sie die Faktoreinstellung 0,4 oder kleiner. Der kleinste einstellbare Faktor ist 0,1.
Für den Einstieg in einen etablierten Trend, wie in einem Ideenbeitrag von mir beschrieben, gibt es zwei zuschaltbare gleitende Durchschnitte. Die Anwendung für den (MA_H) erfolgt auf Hochs und für den (MA_L) einstellbar auf Hoch, Tief, Schuss, h+l/2 usw.. Periode und Offset (Verschiebung) sind einstellbar. Bei dieser Idee erfolgt der Einstieg in den Markt zwischen einer 618%-Korrektur (dem Fibonacci-Einstiegspunkt) und dem DEP (Durchschnittlicher Einstiegspunkt). Der DEP ist in diesem Fall der MA_H mit Periode = 4 und einem Offset = 1, bei einem Abwärtstrend, oder der MA_L mit identischer Einstellung und Anwendung auf Tiefs in einem Aufwärtstrend.
Testen Sie den MA_L auch in Trends mit den Einstellungen (Periode, Offset) 3,3 oder 5, 3 oder 7,5 und Anwendung auf Schlusskurse für eine enge Umfassung der Hochs/ Tiefs.
Grid System With Fake MartingaleThe proposed strategy is based on a grid system with a money management that tries to replicate the effect of a martingale without having to double your position size after each loss, hence the name "fake martingale". Note that a balance using this strategy is still subject to exponential decay, the risk is not minimized, as such, it would be dangerous to use this strategy.
For more information on the martingale and grid systems see:
Strategy Settings
Point determines the "grid" size and should be adjusted accordingly to the scale of the security you are applying the strategy to. Higher value would require larger price movements in order to trigger a trade, generating fewer trades as a result.
The order size determines the number of contracts/shares to purchase.
The martingale multiplier determines the factor by which the position size is multiplied after a loss, using values higher to 2 will "squarify" your balance, while a value of 1 would use a constant position sizing.
Finally, the anti-martingale parameter determines whether the strategy uses a reverse martingale or not, if set to true then the position size is multiplied after each win.
How It Works
Let's illustrate how we replicate a martingale without doubling our exposure with a simple casino example. Imagine you are playing roulette, and that you are betting on colors (black/red), your payout is 1 to 1, in the case you win, you will have your initial stake back plus a profit equal to your initial stake.
If your strategy is to recover any previous losses, you can double your stake each time you lose, once you win you will get back the previous losses plus a profit equal to your original stake, this is the martingale system. So how can we win back previous losses without having to double our stake? We could do that by doubling the payout ratio after a loss, so after a loss, we must use a payout ratio of 2:1, if we lose once again we must use a payout of 4:1...etc, our payout ratio would be subject to exponential growth instead of our stake.
Of course, the payout ratio is fixed with casino games, but in trading, we can manipulate the position of our take profit in order to replicate such effect, this is what this strategy is doing. So after a loss, we place our take profit such that a win recover our losses back plus generate a profit.
Advantages
The advantage of this approach is that unlike the martingale we don't double our position size, which instead can remain constant, this is a huge advantage as a martingale will require a significant capital in order to tank a series of losses.
Disadvantages
The main disadvantage of this method is that the price might never reach our take profit after a long losing streak, our balance would remain in the red and we couldn't do anything about it except reset the strategy.
Frictional costs are still a disadvantage, as such, we would need to place our take profits in order to account for them, while this is still better than purchasing additional shares, it minimizes the chances of the price reaching the take profit.
Conclusions
An alternative money management system replicating the effect of a martingale as been presented, we can see that such a system is far from being perfect, and it would be foolish to use it, however, it stills offer a convenient alternative to less aggressive progressive position sizing systems.
I have been receiving some messages from users criticizing me for exposing the martingale money management system, and I understand why but I can't agree, talking about it allow me to warn users against it, the grid-martingale methodology is will create more harm than anything else, the reward is only one side of the story and should always be compared against the risk, so always take a look at all the statics in a backtest.
Thanks for reading!
Shout-Out
This post was made possible thanks to my patrons:
@Happymono, @AmariMars, @kkhaial, @Nugehe, @LucF, @Nosmok, @iflostio, @DankBeans, @ecletv, @Neverstorm, @alex.crown.jr, @uk503, @xkingshotss, @vsov, @jbelka, @yatrader2, @hughza, @ganh
Trading Psychology - Fear & Greed Index by DGTPsychology of a Market Cycle - Where are we in the cycle?
Before proceeding with the question "where", let's first have a quick look at "What is market psychology?"
Market psychology is the idea that the movements of a market reflect the emotional state of its participants. It is one of the main topics of behavioral economics - an interdisciplinary field that investigates the various factors that precede economic decisions. Many believe that emotions are the main driving force behind the shifts of financial markets and that the overall fluctuating investor sentiment is what creates the so-called psychological market cycles - which is also dynamic.
Stages of Investor Emotions:
* Optimism – A positive outlook encourages us about the future, leading us to buy stocks.
* Excitement – Having seen some of our initial ideas work, we begin considering what our market success could allow us to accomplish.
* Thrill – At this point we investors cannot believe our success and begin to comment on how smart we are.
* Euphoria – This marks the point of maximum financial risk. Having seen every decision result in quick, easy profits, we begin to ignore risk and expect every trade to become profitable.
* Anxiety – For the first time the market moves against us. Having never stared at unrealized losses, we tell ourselves we are long-term investors and that all our ideas will eventually work.
* Denial – When markets have not rebounded, yet we do not know how to respond, we begin denying either that we made poor choices or that things will not improve shortly.
* Fear – The market realities become confusing. We believe the stocks we own will never move in our favor.
* Desperation – Not knowing how to act, we grasp at any idea that will allow us to get back to breakeven.
* Panic – Having exhausted all ideas, we are at a loss for what to do next.
* Capitulation – Deciding our portfolio will never increase again, we sell all our stocks to avoid any future losses.
* Despondency – After exiting the markets we do not want to buy stocks ever again. This often marks the moment of greatest financial opportunity.
* Depression – Not knowing how we could be so foolish, we are left trying to understand our actions.
* Hope – Eventually we return to the realization that markets move in cycles, and we begin looking for our next opportunity.
* Relief – Having bought a stock that turned profitable, we renew our faith that there is a future in investing.
It's hard to predict with certainty where we exactly are in the market cycle, we can only make an educated guess as to the rough stage based on data available. And here comes the study "Trading Psychology - Fear & Greed Index"
Factors taken into account in this study include:
1-Price Momentum : Price Divergence/Convergence versus its Slow Moving Average
2-Strenght : Rate of Return (RoR) also called Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment, net gain or loss of an investment over a specified time period, the rate of change in price movement over a period of time to help investors determine the strength
3-Money Flow : Chaikin Money Flow (CMF) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. CMF can be used as a way to further quantify changes in buying and selling pressure and can help to anticipate future changes and therefore trading opportunities. CMF calculations is based on Accumulation/Distribution
4-Market Volatility : CBOE Volatility Index (VIX), the Volatility Index, or VIX, is a real-time market index that represents the market's expectation of 30-day forward-looking volatility. Derived from the price inputs of the S&P 500 index options, it provides a measure of market risk and investors' sentiments. It is also known by other names like "Fear Gauge" or "Fear Index." Investors, research analysts and portfolio managers look to VIX values as a way to measure market risk, fear and stress before they take investment decisions
5-Safe Haven Demand : in this study GOLD demand is assumed
What to look for :
*Fear and Greed Index as explained above,
*Divergencies
Tool tip of the label displayed provides details of references
Conclusion:
As investors, we always get caught up in the day to day price movements, and lose sight of the bigger picture. The biggest crashes happen not when investors are cautious and fearful, it's when they're euphoric and expecting financial instruments to continue going higher. So as we continue investing, don’t forget to stop and ask yourself, where in the chart do you think we are right now? The Market Psychology Cycle shines light on how emotions evolve, fear and greed index can come in handy, provided that it is not the only tool used to make investment decisions. It is easy to look back at market cycles and recognize how the overall psychology changed. Analyzing previous data makes it obvious what actions and decisions would have been the most profitable. However, it is much harder to understand how the market is changing as it goes - and even harder to predict what comes next. Many investors use technical analysis (TA) to attempt to anticipate where the market is likely to go. Investors are advised to keep tabs on fear for potential buying the dips opportunities and view periods of greed as a potential indicator that financial instruments might be overvalued.
Warren Buffett's quote, buy when others are fearful, and sell when others are greedy
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Underworld Hunter Backtesting AlgorhitmThis strategy is built to prove the profitability of my Underworld Hunter indicator . It tests two different strategies. I won't be going into the calculation again since it is part of the original script. I just made a few adjustments.
First one is clearly visual. It plots slimmer twin-coloured lines now and has a different colour for every extreme level. Second is less obvious - I switched Relative Strength Index for Commodity Channel Index.
Extreme levels are as follows: green 100 -► 120, yellow 120 -► 140, orange 140 -► 160, red 160 -► 180 and purple above 180, I will have a special separate algorithm for testing optimal CCI levels someday, in this script, these values are only meant to help you with manual operations and do not influence results of the strategy in any way.
#Trending strategy
The trending strategy opens a position whenever the price leaves the bands and holds it until two consecutive bars are closed within the bands. The picture shows one winning position that hasn't yet been resulted. It also shows a few fakeouts. For this strategy, you want to keep the length below 110, the deviation should be below 2 and you probably want to play lower timeframes.
#Within the bands
The second strategy is pretty much the opposite. It opens a position when the price reaches outer bands and holds it until two consecutive bars are closed within the bands and current bar closes below previous bars low in case of long. It is working on hourly timeframes and you need higher length and deviation to succeed. The picture shows a few positions on EURUSD. Each of them is profitable but would be much higher if you closed it manually when it was time. You need to enable this strategy, which automatically disables the other one.
When using my script, you need to bear in mind that the first strategy doesn't detect optimal levels to close the price. A trend is often followed by a less volatile and boring correction which causes bands to shrink and lower your profits if you don't close manually as it will take longer till bands are reached.
On the other hand, second script literally has no stop-loss. As long as the price is outside the range, it will never close which will cause major drawdowns, unless you control the trade manually. CCI is here to help you with both.
I also recommend combining this with Market Profile (on TW, there is only Volume Profile, which can be used in a similar way) and trading day theory (trending with multiple distributions, trending day, normal day, a variation on a normal day, non-trending day or neutral day). Always keep in mind that it is up to traders to be profitable, indicators can support a good trader, but they will not fix a bad one.
Patient Trendfollower (7)(alpha)Patient Trendfollower consists of 21 and 55 EMA, Commodity Channel Index and Supertrend indicator. It confirms a trend and gives you a signal on a pullback. Original creation worked on 1h EURUSD chart.
►Long setup:
• 21 EMA is above 55 EMA, which is above the Supertrend indicator.
• Commodity Channel Index is an oscillator, which prints into the chart if extreme levels are reached. Green is for a level above 100 or below -100, red is above 140 or below -140 and black is above 180 or below -180.
• If 21 EMA > 55EMA > Supertrend and an oversold signal appear, you can buy into the trend.
• When backtesting on 1h EURUSD, profit target 400 pips worked best with a stop-loss below Supertrend's bottom and the size of your spread.
• A picture shows two valid entries.
: This part still malfunctions and shows red dots over some green ones. It is important to disable red ones in the settings to see green ones.
Some more long signals:
Some short signals:
►Backtesting data with default settings and trading only green CCI signals with mentioned risk management strategy:
• 212 closed trades
• 58.96% profitable with average win trade 348 USD and average loss trade 263 USD when only green signals are followed.
• Profit factor 1.903, Sharpee 0.792
• 20 bars is average for all trades, short trades were 18 bars long on average.
With given data, you can see the strategy is profitable by itself. However, original risk management settings do work only on 1h charts of EURUSD and would need to be adjusted for other instruments based on average volatility.
Even though the profitability is low, you can increase your odds by a great margin, if you properly use price action (impulsive and corrective moves, patterns, bar analysis), if you trade when major exchanges are open, you may also use wave analysis such as Elliot Waves or Market Profiles to predict whether the next day might be a trending day. My backtesting program didn't consider these ideas.
Unfortunately, I won't be making backtesting strategy public with it anytime soon, because it still has some parts that do not work. I am ok with that since I understand the code and know what does malfunction and how. Then, there are parts which I am not sure how to fix yet. This is why the indicator is still considered alpha.
In the future when a strategy is published, you will also be able to set your own overbought/oversold values without entering the code itself and probably some other features. But I am not in a hurry for that. You can give me feedback on UX and try to figure out the best setups for other symbols, it might help to improve the automatic testing script when I know what I should achieve. My main point is to make this public for friends who can already be using it on EURUSD at least.
Close doesn't always have to be 400 pips, you might want to close on a logical level such as strong resistance or a trendline too.
Thanks to:
• @everget for providing Supertrend solution.
• Satik FX who hand-tested the system by hand and reported results in this article . He is my main inspiration for creating the complete indicator as one because I want to be able to show and hide it with a single click. My future scripts will also work as a whole strategy each by itself.
• The number in the script's name comes from Satik's numbering. A mentioned article was his seventh shared strategy.
Efficient PriceTrading The Movements That Matters
Inspired by the Price Volume Trend indicator the Efficient Price aim to create a better version of the price containing only the information a trend trader must need.
Calculation
This indicator use the Efficiency Ratio as a smoothing constant, it is calculated as follow :
ER = abs(change(close,length))/sum(abs(change(close)),length)
The goal of the Efficiency Ratio is to show if the market is trending or ranging.If ER is high then the market is considered to be trending, if ER is low then the market is considered to be ranging.
Then the Efficient Price is calculated :
EP = cum(change(close)*ER)
When the price is trending, the indicator will show movements of the price with unchanged volatility, but if the price is not trending then the indicator will flatten those movements.Think of this indicator as both a filter and a compressor and the Efficient Price as some kind of threshold.
The Efficient Price As Input For Indicators/Strategies
If the indicator show the movement of the trending price, it can be interesting to use it as input in order to reduce the number of false signals in a strategy.
We will test 2 MACD strategy provided by tradingview, one using the closing price (In Red) and one with the efficient price (In White) as input
with both the following parameters :
fastLength = 50
slowlength = 200
MACDLength = 20
length = 50
Where length is the parameter of the Efficient Price.A spread of 2 pips is used.
Without Efficient Price : 26.88% of profitability, 69 pips of profit.
With Efficient Price : 38.46% of profitability, 336 pips of profit.
The difference of profitability is of 11.58%, the strategy with the Efficient Price made few trades and its equity have a lower variance than the equity of the MACD strategy using closing price.
Smoothed Version
It is possible to smooth the indicator output by using the following code :
EP = cum(change(close,length)*ER)
Hope you enjoy
For any questions/demands feel free to pm me, i would be happy to help you
Gold/Silver 30m Only Strategy Buy/Sell SignalsIn my free time I felt like coding this strategy, and after backtesting it, it appears that the 30m time frame is the most profitable.
I only have been working on it for gold, but it should work similarly for silver as well.
This includes no pyramiding, and with pyramiding orders of 5, this strategy is upwards of 100% profitable.
Buy order - when price is above the 162 day EMA and RSI is less than 35
Sell order - when price is below the 162 day EMA and RSI is greater than 65
I will probably be adjusting it to increase the profitability and %success rate.
SNIPER ORB V3# 🎯 SNIPER ORB TRADING CHEAT SHEET
## Quick Reference Guide for Live Trading
---
## 📊 VISUAL IDENTIFICATION GUIDE
```
═══════════════════════════════════════════════════════════════════
YOUR CHART AT A GLANCE
═══════════════════════════════════════════════════════════════════
🔵 BRIGHT BLUE LINES (3px) → 5min ORB High/Low
🔷 CYAN LINES (2px) → 15min ORB High/Low
🟣 PURPLE LINES (2px) → 30min ORB High/Low (PRIMARY)
🟢 GREEN DASHED LINES (1px) → Upside targets (1x, 2x, 3x from 30min ORB)
🔴 RED DASHED LINES (1px) → Downside targets (1x, 2x, 3x from 30min ORB)
🟡 GOLD LINE (2px) → Anchored VWAP (9:30 AM anchor for NY, 3:00 AM for London)
📋 INFO TABLE (top-right) → Shows live ORB ranges, VWAP price, status
═══════════════════════════════════════════════════════════════════
```
**KEY DIFFERENCE FROM OTHER ORB INDICATORS:**
- You see **ALL 3 ORB PERIODS SIMULTANEOUSLY** (5min, 15min, 30min)
- Targets calculated from **30min ORB ONLY** (not 5min or 15min)
- **NO BOX FILLS** - clean line-only display for sniper precision
- Auto-disappears at session end (no clutter from old sessions)
---
## 🔘 NEW FEATURE: ORB DISPLAY TOGGLES
**You now have FULL CONTROL over which ORB periods to display!**
```
In indicator settings → "ORB Display" section:
☑ Show 5min ORB → Toggle blue lines ON/OFF
☑ Show 15min ORB → Toggle cyan lines ON/OFF
☑ Show 30min ORB → Toggle purple lines ON/OFF
USE CASES:
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
1. FOCUS MODE (30min only)
☐ 5min ☐ 15min ☑ 30min
→ Clean chart, just your primary trading range
→ Best for beginners or minimalist traders
2. EARLY WARNING MODE (5min + 30min)
☑ 5min ☐ 15min ☑ 30min
→ See early breaks with 5min, trade 30min confirmation
→ Reduces visual noise from 15min
3. CONFLUENCE MODE (all 3 ORBs)
☑ 5min ☑ 15min ☑ 30min
→ Maximum information, all alignment signals
→ For advanced traders seeking highest probability
4. INTRADAY SCALP MODE (5min only)
☑ 5min ☐ 15min ☐ 30min
→ Ultra-fast entries on 5min breaks
→ High-risk, high-frequency approach
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
💡 PRO TIP: Start with 30min only, then add 5min/15min as you gain experience
```
---
## 🎯 FIXED: ANCHORED VWAP (TIMESTAMP-BASED)
**The VWAP now anchors with SURGICAL PRECISION to the exact session start candle!**
```
LONDON SESSION:
• Anchors at the EXACT 3:00 AM ET candle
• Uses timestamp checking: hour == 3 AND minute == 0
• Resets every morning at London Open
NEW YORK SESSION:
• Anchors at the EXACT 9:30 AM ET candle
• Uses timestamp checking: hour == 9 AND minute == 30
• Resets every day at NY Open
WHAT THIS MEANS:
✅ VWAP starts accumulating from the first tick of the session
✅ No more "off by one bar" errors
✅ Institutional-grade VWAP anchoring
✅ Perfect alignment with your ORB start times
HOW TO VERIFY IT'S WORKING:
1. Load indicator on 1min or 5min chart
2. Find the exact 9:30 AM candle (NY) or 3:00 AM candle (London)
3. VWAP should START appearing from that exact bar
4. Not the bar before, not the bar after - THAT EXACT BAR
```
---
## ⏰ SESSION TIMING MATRIX
| Session | Start Time | 5min Complete | 15min Complete | 30min Complete | Session End |
|---------|-----------|---------------|----------------|----------------|-------------|
| **London** | 3:00 AM ET | 3:05 AM | 3:15 AM | 3:30 AM | 9:30 AM ET (disappears) |
| **New York** | 9:30 AM ET | 9:35 AM | 9:45 AM | 10:00 AM | 5:00 PM ET (disappears) |
**💡 GOLDEN RULES:**
1. **WAIT FOR 30MIN ORB TO COMPLETE** before trading targets (10:00 AM NY / 3:30 AM London)
2. Use 5min and 15min ORBs as **early warning signals** only
3. All ORB lines + VWAP **auto-delete** at session end (clean chart)
---
## 🎯 THE 3-ORB SYSTEM: HOW IT WORKS
### **Hierarchical ORB Structure**
```
TIME: 9:30 AM ─────────────────────────────────> 10:00 AM ──────> 5:00 PM
↓ ↓
SESSION START 30min ORB COMPLETE
(all 3 ORBs begin forming) (targets appear)
📍 5min ORB (9:30-9:35 AM): ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━>
Purpose: EARLY breakout signal, fastest-moving boundary
📍 15min ORB (9:30-9:45 AM): ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━>
Purpose: MID-TERM institutional reference level
📍 30min ORB (9:30-10:00 AM): ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━>
Purpose: PRIMARY TRADING RANGE - all targets calculated from this
🎯 TARGETS (10:00 AM onward): ▪ ▪ ▪ ▪ ▪ (1x, 2x, 3x from 30min ORB)
Purpose: Profit-taking levels based on 30min range
```
**Why 3 ORBs Instead of 1?**
- **5min ORB**: Captures early institutional positioning (first 5 minutes)
- **15min ORB**: Confirms directional bias (more stable than 5min)
- **30min ORB**: Full market digestion of overnight news + opening orders
- **Confluence = Higher Win Rate**: When all 3 align, breakouts are extremely reliable
---
## 🎯 THE 5 HIGH-PROBABILITY SETUPS
### **SETUP #1: TRIPLE ORB BREAKOUT CONFLUENCE** ⭐⭐⭐⭐⭐
```
CONDITIONS:
✅ 30min ORB complete (10:00 AM NY / 3:30 AM London)
✅ Price breaks ALL 3 ORBs simultaneously:
• 5min high/low (blue line)
• 15min high/low (cyan line)
• 30min high/low (purple line)
✅ VWAP confirms direction (below price = bullish, above = bearish)
✅ Volume spike on breakout candle
ENTRY: Close of breakout candle (must close beyond ALL 3 ORBs)
STOP: Inside 30min ORB at 30m low (long) or 30m high (short)
TARGET 1: First green/red dashed line (0.5x 30m range)
TARGET 2: Second target (1x 30m range)
TARGET 3: Third target (1.5x 30m range)
WIN RATE: 75-85% | R:R = 1:2.5 minimum
NOTES: When all 3 ORBs align, institutional order flow is unanimous
```
---
### **SETUP #2: 5MIN EARLY BREAKOUT → 30MIN CONFIRMATION** ⭐⭐⭐⭐
```
CONDITIONS:
✅ Price breaks 5min ORB first (blue line crossed)
✅ 15min ORB holds initially (cyan line not crossed yet)
✅ After 30min ORB completes, price breaks 30min boundary (purple)
✅ VWAP alignment confirms direction
✅ All 3 ORBs now broken in same direction
ENTRY: When 30min ORB breaks (purple line) + 5min/15min already broken
STOP: 30min ORB opposite boundary
TARGET 1-3: Standard targets from 30min ORB
WIN RATE: 70-80% | R:R = 1:2+
NOTES: 5min gave early warning, 30min confirms institutional commitment
```
---
### **SETUP #3: FALSE 5MIN BREAKOUT → 30MIN REVERSAL** ⭐⭐⭐⭐⭐
```
CONDITIONS:
✅ Price breaks 5min ORB (blue line)
✅ Fails to break 15min or 30min ORBs (cyan/purple lines hold)
✅ Price reverses back inside 5min ORB
✅ Then breaks OPPOSITE side of 30min ORB (purple line)
✅ VWAP flips to confirm new direction
ENTRY: When 30min ORB breaks in OPPOSITE direction of failed 5min break
STOP: Failed 5min breakout high/low (now a liquidity grab zone)
TARGET 1-3: Standard targets
WIN RATE: 80-90% | R:R = 1:3+ (trapped traders forced to exit)
NOTES: Most profitable setup - 5min breakout was liquidity hunt
```
---
### **SETUP #4: TIGHT COMPRESSION → EXPLOSION** ⭐⭐⭐⭐
```
CONDITIONS:
✅ All 3 ORBs tightly overlapping (5m, 15m, 30m within 50 points on YM)
✅ Range < 0.3% of price (very tight consolidation)
✅ VWAP sitting in middle of compression
✅ 30min ORB complete, price still inside all 3
ENTRY: Simultaneous break of ALL 3 ORBs + VWAP cross
STOP: Middle of compression zone
TARGET: 2x-4x normal targets (volatility expansion)
WIN RATE: 65-75% | R:R = 1:5+ (explosive breakout)
NOTES: Low volatility → high volatility shift, institutions coiling spring
```
---
### **SETUP #5: VWAP BOUNCE WITHIN 30MIN ORB** ⭐⭐⭐⭐
```
CONDITIONS:
✅ Price stayed inside 30min ORB for 1+ hours post-formation
✅ VWAP acting as dynamic support (long) or resistance (short)
✅ Price bouncing between VWAP and 30min ORB boundaries
✅ Clear rejection candles at VWAP
ENTRY: When price bounces off VWAP toward 30min ORB boundary
• Long: VWAP bounce up toward 30m high (purple)
• Short: VWAP rejection down toward 30m low (purple)
STOP: Beyond VWAP by 20 points
TARGET: 30min ORB opposite boundary
WIN RATE: 70-80% | R:R = 1:1.5-2
NOTES: Range-bound play, NOT for breakout traders
```
---
## 🛡️ RISK MANAGEMENT RULES
### **Position Sizing by ORB Range**
```
30min ORB Range | Stop Distance | Risk $500 (1%) | YM Contracts
-----------------|------------------|-----------------|-------------
< 50 points | 50 pts | $500 ÷ $250 = | 2 contracts
50-100 points | 100 pts | $500 ÷ $500 = | 1 contract
100-150 points | 150 pts | $500 ÷ $750 = | 0.66 (use 1)
150-200 points | 200 pts | $500 ÷ $1000 = | 0.5 (use 1)
> 200 points | Don't trade | Too wide | Skip setup
Formula: Risk $ ÷ (Stop Distance × $5 per YM point) = Max Contracts
```
### **The 3-Strike Rule (MANDATORY)**
```
✅ Trade 1: Full position size (based on 30m ORB range)
❌ Stop hit → Trade 2: HALF position size
❌ Stop hit → Trade 3: QUARTER position size
❌ Stop hit → DONE FOR THE DAY (no exceptions)
```
### **Profit Taking Ladder**
```
TARGET 1 (0.5x 30m range): Take 50% off, move stop to breakeven
TARGET 2 (1.0x 30m range): Take 30% off, trail stop by 25 points
TARGET 3 (1.5x 30m range): Take 15% off, let 5% run with 50pt trail
```
---
## ⚠️ DO NOT TRADE IF...
```
🚫 30min ORB incomplete (< 10:00 AM NY / < 3:30 AM London)
🚫 30min ORB range < 40 points YM (too tight, likely chop)
🚫 30min ORB range > 250 points YM (too wide, unpredictable)
🚫 All 3 ORBs wildly divergent (5m=100pts, 15m=180pts, 30m=240pts)
🚫 Major news release within 30 minutes (wait for ORB to reform)
🚫 You've hit 3 losses in the session (3-strike rule)
🚫 You're tired, emotional, revenge trading, or distracted
🚫 Time > 12:00 PM ET (lunch, avoid until 1:00 PM)
🚫 Time > 3:00 PM ET unless Power Hour (3:00-4:00 PM) momentum
```
---
## 🔍 PRE-SESSION CHECKLIST
**15 Minutes Before London (2:45 AM ET) or NY (9:15 AM ET):**
```
□ Check economic calendar (FOMC? NFP? CPI? → extra caution)
□ Review previous session's ORB ranges (context for today's volatility)
□ Load SNIPER ORB on 1min or 5min chart
□ Select correct session: "London" or "New York"
□ Verify indicator settings:
• Number of Targets: 3
• Target % of 30min Range: 50%
• Show Anchored VWAP: ON
□ Set TradingView alerts:
• 30min ORB complete (10:00 AM or 3:30 AM)
• Price crossing 30min high/low
• VWAP crosses
□ Prepare bracket orders mentally (entry, stop, 3 targets)
□ Review yesterday's P&L and lessons learned
□ Set phone to "Do Not Disturb" mode
```
---
## 🎨 INDICATOR SETTINGS GUIDE
### **Core Settings (Updated with Toggles)**
```
SESSION SETTINGS:
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
• Active Session: "London" or "New York"
ORB DISPLAY (NEW!):
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
☑ Show 5min ORB (toggle blue lines)
☑ Show 15min ORB (toggle cyan lines)
☑ Show 30min ORB (toggle purple lines)
💡 Turn OFF any ORB to declutter your chart!
TARGET SETTINGS:
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
• Number of Targets: 3 (default)
• Target % of 30min Range: 50% (default)
VWAP SETTINGS:
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
☑ Show Anchored VWAP
• VWAP Color: Gold (#FFC107)
• VWAP Width: 2px
```
### **Color Customization (Optimized for Dark Charts)**
```
DEFAULT COLORS:
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
5min ORB: Bright Blue (#2196F3) - 3px wide
15min ORB: Cyan (#00BCD4) - 2px wide
30min ORB: Purple (#9C27B0) - 2px wide
Upside Targets: Green (#4CAF50) - 1px dashed
Downside Targets: Red (#F44336) - 1px dashed
VWAP: Gold (#FFC107) - 2px solid
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
WHY THESE COLORS?
• Blue family (5m/15m) = short-term, high-frequency
• Purple (30m) = primary, institutional level
• Green/Red = universal up/down
• Gold VWAP = fair value anchor (stands out)
```
### **Settings by Trading Style**
**BEGINNER (Clean & Simple):**
```
ORB Display:
☐ Show 5min ORB
☐ Show 15min ORB
☑ Show 30min ORB (30min only - focus mode)
Number of Targets: 2-3
Target % of 30min Range: 50%
Chart Timeframe: 5-minute
```
**SCALPER (5-15 min holds):**
```
ORB Display:
☑ Show 5min ORB (early signals)
☐ Show 15min ORB
☑ Show 30min ORB (confirmation)
Number of Targets: 5
Target % of 30min Range: 30-40%
Label Size: Tiny
Chart Timeframe: 1-minute
```
**DAY TRADER (30-90 min holds):**
```
ORB Display:
☑ Show 5min ORB
☑ Show 15min ORB
☑ Show 30min ORB (all 3 - confluence mode)
Number of Targets: 3
Target % of 30min Range: 50%
Label Size: Small
Chart Timeframe: 5-minute (RECOMMENDED)
```
**SWING TRADER (2-4 hour holds):**
```
ORB Display:
☐ Show 5min ORB (too noisy for swings)
☑ Show 15min ORB
☑ Show 30min ORB
Number of Targets: 2-3
Target % of 30min Range: 75-100%
Label Size: Normal
Chart Timeframe: 15-minute
```
---
## 📈 TIMEFRAME SELECTION GUIDE
| Your Timeframe | What You See | Best For |
|---------------|--------------|----------|
| **1-minute** | Every tick, high noise | Scalping, precision entries |
| **5-minute** | Balanced clarity | Day trading (RECOMMENDED) |
| **15-minute** | Clean structure | Swing positions |
| **30-minute** | Too compressed | Not recommended (can't see ORB form) |
**💡 PRO TIP:**
- **Primary chart: 5-minute** (for entries and monitoring)
- **Secondary chart: 1-minute** (for precise timing)
- **Never go above 15-minute** (ORBs won't form properly)
---
## 🧠 READING THE 3-ORB STRUCTURE
### **Bullish Alignment Patterns**
```
PATTERN 1: "Staircase Expansion"
5min: ━━━━ (tight, 60 pts)
15min: ━━━━━━ (wider, 90 pts)
30min: ━━━━━━━━ (widest, 120 pts)
→ Bullish expansion, expect upside breakout
PATTERN 2: "Nested Compression"
5min: ━━ (30 pts)
15min: ━━━ (35 pts)
30min: ━━━━ (40 pts)
→ All tight, explosive breakout likely
PATTERN 3: "Early Commitment"
5min: ━━━━━━ (100 pts, already broken up)
15min: ━━━━━ (80 pts, holding)
30min: ━━━━━ (110 pts, about to break)
→ 5min led the way, 30min confirmation coming
```
### **Bearish Alignment Patterns**
```
PATTERN 1: "Waterfall Setup"
5min: ━━━━ (50 pts, broke down)
15min: ━━━━━ (70 pts, broke down)
30min: ━━━━━━ (90 pts, about to break)
→ Sequential breakdown, strong bearish momentum
PATTERN 2: "Failed Highs"
5min: ━━━━━━ (upper wick rejections)
15min: ━━━━━━ (couldn't break)
30min: ━━━━━━━ (topped out)
→ All 3 rejecting highs, bearish reversal likely
```
### **Neutral/Chop Patterns (AVOID TRADING)**
```
PATTERN 1: "Wide Divergence"
5min: ━━ (30 pts)
15min: ━━━━━━━ (120 pts)
30min: ━━━━━━━━━━━ (200 pts)
→ No consensus, unpredictable, skip
PATTERN 2: "Whipsaw City"
• Price breaking 5min up, then down, then up again
• 15min and 30min not aligned
• VWAP getting crossed every 5 minutes
→ Chop day, step aside, wait for clarity
```
---
## 📊 INTEGRATION WITH YM ULTIMATE SNIPER v8.1
**The 2-System Confluence Method:**
```
┌─────────────────────────────────────────────────────────────┐
│ STEP 1: SNIPER ORB → Defines "Zones That Matter" │
│ • 30min ORB = primary institutional range │
│ • VWAP = fair value anchor │
│ • Targets = profit zones │
│ • 5min/15min = early warning signals │
└─────────────────────────────────────────────────────────────┘
↓
┌─────────────────────────────────────────────────────────────┐
│ STEP 2: YM ULTIMATE SNIPER → Triggers precise entry │
│ • Wait for GOD MODE signal AT 30min ORB boundary │
│ • 6-gate filter: Score ≥9, fat body ≥70%, delta ≥70% │
│ • Candle Dominance Index (CDI) ≥7 │
│ • Intrabar pressure consistent throughout formation │
└─────────────────────────────────────────────────────────────┘
↓
┌─────────────────────────────────────────────────────────────┐
│ STEP 3: EXECUTE TRADE │
│ • ORB breakout + GOD MODE = MAXIMUM PROBABILITY │
│ • Enter ONLY when BOTH systems align │
│ • This is TRUE "sniper" trading (2-5 trades/day max) │
└─────────────────────────────────────────────────────────────┘
```
**Confluence Scoring for Combined System:**
```
SNIPER ORB Criteria:
□ 30min ORB complete (10:00 AM+) +2 points
□ All 3 ORBs broken in same direction +2 points
□ VWAP alignment (below=bull, above=bear) +1 point
□ Volume spike on breakout candle +1 point
□ Tight 3-ORB compression (<100pt divergence) +1 point
YM ULTIMATE SNIPER Criteria:
□ GOD MODE signal at ORB boundary +3 points
□ Score ≥9.0 (tier classification) +1 point
□ Candle Dominance Index (CDI) ≥8 +1 point
TOTAL POSSIBLE: 12 points
TRADE EXECUTION RULES:
• 10-12 points = MAX SIZE (this is the holy grail setup)
• 8-9 points = FULL SIZE (high probability)
• 6-7 points = HALF SIZE (moderate probability)
• <6 points = NO TRADE (wait for better alignment)
```
---
## 💡 COMMON MISTAKES & FIXES
```
❌ MISTAKE: Trading before 30min ORB completes
✅ FIX: Wait until 10:00 AM (NY) or 3:30 AM (London), NO EXCEPTIONS
❌ MISTAKE: Ignoring 5min and 15min ORBs (only watching 30min)
✅ FIX: Use all 3 for confluence - they're your early warning system
❌ MISTAKE: Chasing breakouts 100+ points beyond 30min ORB
✅ FIX: Wait for pullback to VWAP or 30min boundary for re-entry
❌ MISTAKE: Not adjusting target % for market conditions
✅ FIX: Volatile day (ORB >200pts)? Use 75-100% targets
Calm day (ORB <80pts)? Use 30-40% targets
❌ MISTAKE: Trading when all 3 ORBs are wildly different sizes
✅ FIX: Skip the day if 5m/15m/30m diverge by >100pts - no consensus
❌ MISTAKE: Forgetting VWAP position
✅ FIX: VWAP MUST confirm bias:
• Long: price > VWAP
• Short: price < VWAP
• If VWAP contradicts, skip the trade
❌ MISTAKE: Not respecting the 3-strike rule
✅ FIX: 3 losses = DONE for the session, no rationalization
❌ MISTAKE: Trading during lunch (12:00-1:00 PM ET)
✅ FIX: Volume dies, ORBs lose relevance, false signals increase
```
---
## 🔔 ALERT SETUP (ESSENTIAL)
**TradingView Alerts You MUST Set:**
```
ALERT 1: "30min ORB Complete"
• Type: Time-based
• Trigger: 10:00 AM ET (NY) or 3:30 AM ET (London)
• Message: "🎯 30min ORB complete - targets now active"
ALERT 2: "30min ORB High Breakout"
• Type: Crossing Up
• Value 1: Close
• Value 2: 30min ORB High (purple line)
• Message: "🚀 30m ORB HIGH broken - check for long setup"
ALERT 3: "30min ORB Low Breakdown"
• Type: Crossing Down
• Value 1: Close
• Value 2: 30min ORB Low (purple line)
• Message: "📉 30m ORB LOW broken - check for short setup"
ALERT 4: "VWAP Cross"
• Type: Crossing
• Value 1: Close
• Value 2: VWAP
• Message: "⚡ VWAP crossed - check institutional bias shift"
ALERT 5: "Target 1 Hit"
• Type: Crossing
• Value 1: High (for longs) or Low (for shorts)
• Value 2: First target line
• Message: "🎯 Target 1 hit - take 50% off, move stop to BE"
```
---
## 📱 MOBILE TRADING WORKFLOW
**TradingView Mobile App Setup:**
```
1. SAVE LAYOUT
• Chart: 5-minute timeframe
• SNIPER ORB indicator loaded
• YM Ultimate SNIPER v8.1 loaded (if using)
• Save as "SNIPER ORB - YM"
2. ENABLE NOTIFICATIONS
• Settings → Notifications → Push Alerts: ON
• All 5 alerts above configured
3. QUICK ACCESS
• Add YM futures to Watchlist: "MYM" or "YM1!"
• Pin SNIPER ORB layout to favorites
4. EXECUTION READY
• Broker app (TastyTrade, NinjaTrader, etc.) logged in
• Preset bracket orders:
- Entry: market order
- Stop: 30m ORB opposite boundary
- Targets: 3 levels (50%, 30%, 20% of position)
5. BATTERY & CONNECTIVITY
• Phone charged 100% before session
• Stable WiFi or LTE connection
• Backup power bank available
```
---
## 🎓 DAILY PERFORMANCE JOURNAL
**After Each Trading Session (MANDATORY):**
```
═══════════════════════════════════════════════════════════════
DATE: __________ SESSION: □ London □ New York
═══════════════════════════════════════════════════════════════
ORB DATA:
• 5min ORB Range: ______ points
• 15min ORB Range: ______ points
• 30min ORB Range: ______ points
• Alignment: □ Tight □ Moderate □ Wide (skip if wide)
VWAP BEHAVIOR:
• Opening position: □ Above price □ Below price □ Mixed
• Did VWAP act as support/resistance? □ Yes □ No
TRADES TAKEN:
Total Setups Identified: _____
Trades Executed: _____
Win/Loss Record: _____ W / _____ L
Win Rate: _____%
Gross P&L: $_______
Net P&L (after commissions): $_______
BEST TRADE:
• Setup: ____________________ (which of the 5 setups?)
• Entry Price: ______ Exit Price: ______
• Profit: $_______
• What went RIGHT: _________________________________
_________________________________________________
WORST TRADE:
• Setup: ____________________
• Entry Price: ______ Exit Price: ______
• Loss: $_______
• What went WRONG: _________________________________
_________________________________________________
• Lesson Learned: ___________________________________
3-STRIKE RULE STATUS:
□ No losses (great day)
□ 1 loss (still in game)
□ 2 losses (caution, half size)
□ 3 losses (stopped for day, as required)
TOMORROW'S ADJUSTMENTS:
□ _________________________________________________
□ _________________________________________________
□ _________________________________________________
EMOTIONAL STATE TODAY:
□ Calm & focused (optimal)
□ Anxious/rushed (need to work on patience)
□ Overconfident (dial back position size)
□ Fearful (review winning trades to build confidence)
═══════════════════════════════════════════════════════════════
```
---
## 🚀 YOUR FIRST LIVE TRADE WALKTHROUGH
**Step-by-Step for New York Session (Most Common):**
```
⏰ 9:15 AM ET - PREPARATION
□ Load SNIPER ORB on YM 5-minute chart
□ Select "New York" session in indicator settings
□ Verify VWAP is showing (gold line)
□ Check economic calendar (any big news at 9:30?)
□ Prepare mentally: "I will wait for 30min ORB to complete"
⏰ 9:30 AM ET - SESSION OPENS
□ Watch 3 ORBs begin forming:
• Blue lines (5min) will lock in at 9:35 AM
• Cyan lines (15min) will lock in at 9:45 AM
• Purple lines (30min) will lock in at 10:00 AM
□ Observe VWAP anchoring at 9:30 AM candle
□ DO NOT TRADE YET - just observe
⏰ 9:35 AM - 5MIN ORB COMPLETE
□ Note 5min high/low (blue lines locked)
□ Check info table: "5m Range = XX points"
□ If 5min ORB breaks early, note direction but DON'T ENTER
⏰ 9:45 AM - 15MIN ORB COMPLETE
□ Note 15min high/low (cyan lines locked)
□ Compare to 5min ORB: Aligned? Expanding?
□ Still waiting... patience pays
⏰ 10:00 AM - 30MIN ORB COMPLETE (TARGETS APPEAR!)
□ Purple lines locked (30m high/low)
□ Green/red dashed target lines appear automatically
□ Info table shows "Status: ✓ Complete"
□ NOW you can trade breakouts
⏰ 10:00 AM - 11:30 AM - TRADING WINDOW
□ Wait for price to break purple line (30m ORB high or low)
□ Confirm:
1. All 3 ORBs broken in same direction?
2. VWAP confirming (below=bullish, above=bearish)?
3. Volume spike visible?
4. YM SNIPER GOD MODE signal? (if using)
□ If all YES → ENTER TRADE:
• Market order at breakout close
• Stop at 30m ORB opposite boundary
• Targets at green/red dashed lines
⏰ TARGET MANAGEMENT
□ Price hits first target (1x) → Take 50% off, move stop to BE
□ Price hits second target (2x) → Take 30% off, trail stop
□ Price hits third target (3x) → Take 15% off, let 5% run
⏰ 12:00 PM - LUNCH (AVOID TRADING)
□ Volume dies down
□ ORBs become less relevant
□ Take a break, review morning trades
⏰ 1:00 PM - 3:00 PM - AFTERNOON SESSION
□ ORBs still valid but less reliable
□ Consider waiting for Power Hour (3:00-4:00 PM)
⏰ 5:00 PM - SESSION END
□ All ORB lines disappear automatically
□ VWAP disappears automatically
□ Chart cleans itself - ready for tomorrow
□ Fill out daily journal
```
---
## 🏆 WINNING MINDSET AFFIRMATIONS
Read these BEFORE each trading session:
```
"I trade ORBs, not chaos. Structure gives me edge."
"3 high-quality trades beat 20 mediocre ones."
"The 30min ORB is my anchor. I wait for it. Every. Single. Time."
"When all 3 ORBs align, institutions are unified. I follow."
"VWAP is my institutional compass. I respect its guidance."
"3 strikes and I'm out. Discipline > Ego."
"I am a SNIPER, not a machine gunner. Precision wins."
"My edge is patience. Let the ORBs complete."
"I don't predict. I react to proven structure."
"One perfect setup is worth waiting all morning."
```
---
## 📞 TROUBLESHOOTING
**"ORB lines not showing on chart!"**
→ Check timeframe: Must be 1min-30min (not daily/weekly)
→ Verify session time: Must be during London (3AM-9:30AM) or NY (9:30AM-5PM)
→ Check indicator status: Should say "⏳ Forming" or "✓ Complete" in table
**"Targets not appearing!"**
→ 30min ORB must be complete (10:00 AM NY / 3:30 AM London)
→ Check "Number of Targets" setting (must be ≥1)
→ Verify "Target % of 30min Range" is set (default 50%)
**"VWAP disappeared!"**
→ Normal behavior: VWAP auto-deletes at session end (5PM NY / 9:30AM London)
→ Toggle "Show Anchored VWAP" OFF then ON to reset
→ Check if you're viewing chart outside session hours
**"All 3 ORBs look the same!"**
→ This is actually GOOD - means tight alignment (high-probability setup)
→ If they're diverging wildly (>100pts difference), that's a skip signal
**"Info table blocking my view!"**
→ Info table is in top-right corner by default
→ Drag it to a different position (TradingView allows moving)
→ Or minimize it by clicking the small arrow
**"Colors are hard to see on my chart!"**
→ Go to indicator settings:
• "5min ORB", "15min ORB", "30min ORB" color pickers
• "Upside Targets", "Downside Targets" color pickers
• Recommended: Use contrasting colors vs your chart background
---
## 📚 ADVANCED INTEGRATION TECHNIQUES
### **Combining with Market Profile**
```
• Use Volume Profile to identify Value Area High (VAH) and Low (VAL)
• If 30min ORB aligns with VAH/VAL → extra confluence
• POC (Point of Control) acts similar to VWAP
```
### **Combining with Cumulative Delta**
```
• Check if delta is positive on 30min ORB high break (bullish confirmation)
• Negative delta on low break confirms bearish institutional flow
• Your YM SNIPER already tracks this - use together!
```
### **Combining with Options Flow**
```
• Large call buying near 30min ORB high? Institutions positioning for breakout
• Large put buying near 30min ORB low? Smart money hedging/shorting
• Tools: Unusual Whales, Cheddar Flow, OptionStrat
```
---
## 🎯 FINAL PRE-LIVE CHECKLIST
**DO NOT GO LIVE UNTIL ALL CHECKED:**
```
□ Practiced on TradingView Replay for 2+ weeks
□ Can identify all 5 setups by pattern recognition
□ Understand why targets come from 30min ORB only
□ Know difference between 5min/15min/30min roles
□ Risk management rules memorized (position sizing, 3-strike)
□ YM Ultimate SNIPER v8.1 loaded (optional but recommended)
□ All 5 TradingView alerts configured
□ Broker platform tested with demo account
□ Stop/target orders can be placed in <10 seconds
□ Daily journal template prepared
□ Emotional state: calm, patient, focused
□ Account size: Minimum $10,000 recommended
□ Understand auto-disappear behavior (ORBs delete at session end)
□ Know NOT to trade before 30min ORB complete
□ Comfortable with looking at chart and seeing 6+ lines (3 ORBs + targets)
IF ALL CHECKED → YOU'RE READY TO SNIPE! 🎯
IF ANY UNCHECKED → KEEP PRACTICING, DON'T RUSH
```
---
## 💎 THE CORE PRINCIPLE
```
╔═══════════════════════════════════════════════════════════╗
║ ║
║ "The ORB doesn't predict the market. ║
║ The ORB reveals where institutions are positioned. ║
║ ║
║ When you see all 3 ORBs align and break, ║
║ you're not guessing direction— ║
║ you're following the billion-dollar order flow." ║
║ ║
║ THAT'S YOUR EDGE. ║
║ ║
╚═══════════════════════════════════════════════════════════╝
```
**🎯 Good luck, stay patient, and happy sniping! 🎯**
═══════════════════════════════════════════════════════════════════
END OF SNIPER ORB TRADING CHEAT SHEET v3.0
═══════════════════════════════════════════════════════════════════
Gyspy Bot Trade Engine - V1.2B - Alerts - 12-7-25 - SignalLynxGypsy Bot Trade Engine (MK6 V1.2B) - Alerts & Visualization
Brought to you by Signal Lynx | Automation for the Night-Shift Nation 🌙
1. Executive Summary & Architecture
Gypsy Bot (MK6 V1.2B) is not merely a strategy; it is a massive, modular Trade Engine built specifically for the TradingView Pine Script V6 environment. While most tools rely on a single dominant indicator to generate signals, Gypsy Bot functions as a sophisticated Consensus Algorithm.
Note: This is the Indicator / Alerts version of the engine. It is designed for visual analysis and generating live alert signals for automation. If you wish to see Backtest data (Equity Curves, Drawdown, Profit Factors), please use the Strategy version of this script.
The engine calculates data from up to 12 distinct Technical Analysis Modules simultaneously on every bar closing. It aggregates these signals into a "Vote Count" and only fires a signal plot when a user-defined threshold of concurring signals is met. This "Voting System" acts as a noise filter, requiring multiple independent mathematical models—ranging from volume flow and momentum to cyclical harmonics and trend strength—to agree on market direction.
Beyond entries, Gypsy Bot features a proprietary Risk Management suite called the Dump Protection Team (DPT). This logic layer operates independently of the entry modules, specifically scanning for "Moon" (Parabolic) or "Nuke" (Crash) volatility events to signal forced exits, preserving capital during Black Swan events.
2. ⚠️ The Philosophy of "Curve Fitting" (Must Read)
One must be careful when applying Gypsy Bot to new pairs or charts.
To be fully transparent: Gypsy Bot is, by definition, a very advanced curve-fitting engine. Because it grants the user granular control over 12 modules, dozens of thresholds, and specific voting requirements, it is extremely easy to "over-fit" the data. You can easily toggle switches until the charts look perfect in hindsight, only to have the signals fail in live markets because they were tuned to historical noise rather than market structure.
To use this engine successfully:
Visual Verification: Do not just look for "green arrows." Look for signals that occur at logical market structure points.
Stability: Ensure signals are not flickering. This script uses closed-candle logic for key decisions to ensure that once a signal plots, it remains painted.
Regular Maintenance is Mandatory: Markets shift regimes (e.g., from Bull Trend to Crab Range). Gypsy Bot settings should be reviewed and adjusted at regular intervals to ensure the voting logic remains aligned with current market volatility.
Timeframe Recommendations:
Gypsy Bot is optimized for High Time Frame (HTF) trend following. It generally produces the most reliable results on charts ranging from 1-Hour to 12-Hours, with the 4-Hour timeframe historically serving as the "sweet spot" for most major cryptocurrency assets.
3. The Voting Mechanism: How Entries Are Generated
The heart of the Gypsy Bot engine is the ActivateOrders input (found in the "Order Signal Modifier" settings).
The engine constantly monitors the output of all enabled Modules.
Long Votes: GoLongCount
Short Votes: GoShortCount
If you have 10 Modules enabled, and you set ActivateOrders to 7:
The engine will ONLY plot a Buy Signal if 7 or more modules return a valid "Buy" signal on the same closed candle.
If only 6 modules agree, the signal is rejected.
4. Technical Deep Dive: The 12 Modules
Gypsy Bot allows you to toggle the following modules On/Off individually to suit the asset you are trading.
Module 1: Modified Slope Angle (MSA)
Logic: Calculates the geometric angle of a moving average relative to the timeline.
Function: Filters out "lazy" trends. A trend is only considered valid if the slope exceeds a specific steepness threshold.
Module 2: Correlation Trend Indicator (CTI)
Logic: Measures how closely the current price action correlates to a straight line (a perfect trend).
Function: Ensures that we are moving up with high statistical correlation, reducing fake-outs.
Module 3: Ehlers Roofing Filter
Logic: A spectral filter combining High-Pass (trend removal) and Super Smoother (noise removal).
Function: Isolates the "Roof" of price action to catch cyclical turning points before standard moving averages.
Module 4: Forecast Oscillator
Logic: Uses Linear Regression forecasting to predict where price "should" be relative to where it is.
Function: Signals when the regression trend flips. Offers "Aggressive" and "Conservative" calculation modes.
Module 5: Chandelier ATR Stop
Logic: A volatility-based trend follower that hangs a "leash" (ATR multiple) from extremes.
Function: Used as an entry filter. If price is above the Chandelier line, the trend is Bullish.
Module 6: Crypto Market Breadth (CMB)
Logic: Pulls data from multiple major tickers (BTC, ETH, and Perpetual Contracts).
Function: Calculates "Market Health." If Bitcoin is rising but the rest of the market is dumping, this module can veto a trade.
Module 7: Directional Index Convergence (DIC)
Logic: Analyzes the convergence/divergence between Fast and Slow Directional Movement indices.
Function: Identifies when trend strength is expanding.
Module 8: Market Thrust Indicator (MTI)
Logic: A volume-weighted breadth indicator using Advance/Decline and Volume data.
Function: One of the most powerful modules. Confirms that price movement is supported by actual volume flow. Recommended setting: "SSMA" (Super Smoother).
Module 9: Simple Ichimoku Cloud
Logic: Traditional Japanese trend analysis.
Function: Checks for a "Kumo Breakout." Price must be fully above/below the Cloud to confirm entry.
Module 10: Simple Harmonic Oscillator
Logic: Analyzes harmonic wave properties to detect cyclical tops and bottoms.
Function: Serves as a counter-trend or early-reversal detector.
Module 11: HSRS Compression / Super AO
Logic: Detects volatility compression (HSRS) or Momentum/Trend confluence (Super AO).
Function: Great for catching explosive moves resulting from consolidation.
Module 12: Fisher Transform (MTF)
Logic: Converts price data into a Gaussian normal distribution.
Function: Identifies extreme price deviations. Uses Multi-Timeframe (MTF) logic to ensure you aren't trading against the major trend.
5. Global Inhibitors (The Veto Power)
Even if 12 out of 12 modules vote "Buy," Gypsy Bot performs a final safety check using Global Inhibitors.
Bitcoin Halving Logic: Prevents trading during chaotic weeks surrounding Halving events (dates projected through 2040).
Miner Capitulation: Uses Hash Rate Ribbons to identify bearish regimes when miners are shutting down.
ADX Filter: Prevents trading in "Flat/Choppy" markets (Low ADX).
CryptoCap Trend: Checks the total Crypto Market Cap chart for broad market alignment.
6. Risk Management & The Dump Protection Team (DPT)
Even in this Indicator version, the RM logic runs to generate Exit Signals.
Dump Protection Team (DPT): Detects "Nuke" (Crash) or "Moon" (Pump) volatility signatures. If triggered, it plots an immediate Exit Signal (Yellow Plot).
Advanced Adaptive Trailing Stop (AATS): Dynamically tightens stops in low volatility ("Dungeon") and loosens them in high volatility ("Penthouse").
Staged Take Profits: Plots TP1, TP2, and TP3 events on the chart for visual confirmation or partial exit alerts.
7. Recommended Setup Guide
When applying Gypsy Bot to a new chart, follow this sequence:
Set Timeframe: 4 Hours (4H).
Tune DPT: Adjust "Dump/Moon Protection" inputs first. These filter out bad signals during high volatility.
Tune Module 8 (MTI): Experiment with the MA Type (SSMA is recommended).
Select Modules: Enable/Disable modules based on the asset's personality (Trending vs. Ranging).
Voting Threshold: Adjust ActivateOrders to filter out noise.
Alert Setup: Once visually satisfied, use the "Any Alert Function Call" option when creating an alert in TradingView to capture all Buy/Sell/Close events generated by the engine.
8. Technical Specs
Engine Version: Pine Script V6
Repainting: This indicator uses Closed Candle data for all Risk Management and Entry decisions. This ensures that signals do not vanish after the candle closes.
Visuals:
Blue Plot: Buy/Sell Signal.
Yellow Plot: Risk Management (RM) / DPT Close Signal.
Green/Lime/Olive Plots: Take Profit hits.
Disclaimer:
This script is a complex algorithmic tool for market analysis. Past performance is not indicative of future results. Cryptocurrency trading involves substantial risk of loss. Use this tool to assist your own decision-making, not to replace it.
9. About Signal Lynx
Automation for the Night-Shift Nation 🌙
Signal Lynx focuses on helping traders and developers bridge the gap between indicator logic and real-world automation. The same RM engine you see here powers multiple internal systems and templates, including other public scripts like the Super-AO Strategy with Advanced Risk Management.
We provide this code open source under the Mozilla Public License 2.0 (MPL-2.0) to:
Demonstrate how Adaptive Logic and structured Risk Management can outperform static, one-layer indicators
Give Pine Script users a battle-tested RM backbone they can reuse, remix, and extend
If you are looking to automate your TradingView strategies, route signals to exchanges, or simply want safer, smarter strategy structures, please keep Signal Lynx in your search.
License: Mozilla Public License 2.0 (Open Source).
If you make beneficial modifications, please consider releasing them back to the community so everyone can benefit.
Apex Trend & Liquidity Master with TP/SLThe Apex Trend & Liquidity Master is a systematic trading framework that identifies trend direction and key structural price levels for entry and exit decisions. The system uses a volatility-adaptive trend detection mechanism built on Hull Moving Averages with ATR-based bands to filter consolidation periods and isolate directional moves.
The liquidity detection engine identifies potential reversal zones by marking swing highs and lows that meet statistical significance thresholds. These zones represent areas where institutional order flow previously caused price rejection. Zones remain active until price closes through them, indicating mitigation of the level.
This implementation is an enhanced derivative of the original system with fully automated risk management. Stop losses are calculated using ATR multiples with entry candle wick protection as a minimum threshold, while take profits maintain a fixed 3:1 risk-reward ratio. An additional exit mechanism closes profitable positions when price reaches opposing supply or demand zones, providing early profit-taking at probable reversal points before full target completion.
Entry signals generate only on trend changes when volume exceeds average levels, reducing false breakouts in ranging conditions. The system includes complete position tracking with three distinct exit types: take profit hits, stop loss hits, and profitable zone contact exits. All calculations use confirmed historical data with no forward-looking bias, though supply/demand zone identification operates with a confirmation lag inherent to pivot point detection.
VB-MainLiteVB-MainLite – v1.0 Initial Release
Overview
VB-MainLite is a consolidated market-structure and execution framework designed to streamline decision-making into a single chart-level view. The script combines multi-timeframe trend, volatility, volume, and liquidity signals into one cohesive visual layer, reducing indicator clutter while preserving depth of information for active traders.
Core Architecture
Trend Backbone – EMA 200
Dedicated EMA 200 acts as the primary trend filter and higher-timeframe bias reference.
Serves as the “spine” of the system for contextualizing all secondary signals (swings, reversals, volume events, etc.).
Custom MA Suite (Envelope Ready)
Four configurable moving averages with flexible source, length, and smoothing.
Default configuration (preset idea: “8/89 Envelope”):
MA #1: EMA 8 on high
MA #2: EMA 8 on low
MA #3: EMA 89 on high
MA #4: EMA 89 on low
All four are disabled by default to keep the chart minimal. Users can toggle them on from the Custom MAs group for envelope or cloud-style configurations.
Nadaraya–Watson Smoother (Swing Framework)
Gaussian-kernel Nadaraya–Watson regression applied to price (hl2) to build a smooth synthetic curve.
Two layers of functionality:
Swing labels (▲ / ▼) at inflection points in the smoothed curve.
Optional curve line that visually tracks the turning structure over the last ~500 bars.
Designed to surface early swing potential before standard MAs react.
Hull Moving Average (Trend Overlay)
Optional Hull MA (HMA) for faster trend visualization.
Color-coded by slope (buy/sell bias).
Default: off to prevent overloading the chart; can be enabled under Hull MA settings.
Momentum, Exhaustion & Pattern Engine
CCI-Based Bar Coloring
CCI applied to close with configurable thresholds.
Overbought / oversold CCI zones map directly into candle coloring to visually highlight short-term momentum extremes.
RSI Top / Bottom Exhaustion Finder
RSI logic applied separately to high-driven (tops) and low-driven (bottoms) sequences.
Plots:
Top arrows where high-side RSI stretches into high-risk territory.
Bottom arrows where low-side RSI indicates exhaustion on the downside.
Useful as confluence around the Nadaraya swing turns and EMA 200 regime.
Engulfing + MA Trend Engine (“Fat Bull / Fat Bear”)
Detects bullish and bearish engulfing patterns, then combines them with MA trend cross logic.
Only when both pattern and MA regime align does the engine flag:
Fat Bull (Engulf + MA aligned long)
Fat Bear (Engulf + MA aligned short)
Candles are marked via conditional barcolor to highlight strong, structured shifts in control.
Fat Finger Detection (Wick Spikes / Stop Runs)
Identifies abnormal wick extensions relative to the prior bar’s body range with configurable tolerance.
Supports detection of potential liquidity grabs, stop runs, or “excess” that may precede reversals or mean-reversion behavior.
Volume & Liquidity Intelligence
Bull Snort (Aggressive Buy Spikes)
Flags events where:
Volume is significantly above the 50-period average, and
Price closes in the upper portion of the bar and above prior close.
Plots a labeled marker below the bar to indicate aggressive upside initiative by buyers.
Pocket Pivots (Accumulation Flags)
Compares current volume vs prior 10 sessions with a filter on prior “up” days.
Highlights pocket pivot days where current green candle volume outclasses recent down-day volumes, suggesting stealth accumulation.
Delta Volume Core (Directional Volume by Price)
Internal volume-by-price style engine over a user-defined lookback.
Splits volume into up-close and down-close buckets across dynamic price bins.
Feeds into S&R and ICT zone logic to quantify where buying vs selling pressure built up.
Structural Context: S&R and ICT Zones
S&R Power Channel
Computes local high/low band over a configurable lookback window.
Renders:
Upper and lower S&R channel lines.
Shaded support / resistance zones using boxes.
Adds Buy Power / Sell Power metrics based on the ratio of up vs down bars inside the window, displayed directly in the zone overlays.
Drops ◈ markers where price interacts dynamically with the top or bottom band, highlighting reaction points.
ICT-Style Premium / Discount & Macro Zones
Two tiered structures:
Local Premium / Discount zones over a shorter SR window.
Macro Premium / Discount zones over a longer macro window.
Each zone:
Uses underlying directional volume to annotate accumulation vs distribution bias.
Provides Delta Volume Bias shading in the mid-band region, visually encoding whether local power flows are net-buying or net-selling.
Enables traders to quickly see whether current trade location is in a local/macro discount or premium context while still respecting volume profile.
Positioning Intelligence: PCD (Stocks)
Position Cost Distribution (PCD) – Stocks Only
Available for stock symbols on intraday up to daily timeframe (≤ 1D).
Uses:
TOTAL_SHARES_OUTSTANDING fundamentals,
Daily OHLCV snapshot, and
A bucketed distribution engine
to approximate cost basis distribution across price.
Outputs:
Horizontal “PCD bars” to the right of current price, density-scaled by estimated share concentration.
Color-coding by profitability relative to current price (profitable vs unprofitable positions).
Labels for:
Current price
Average cost
Profit ratio (share % below current price)
90% cost range
70% cost range
Range overlap as a measure of clustering / concentration.
Multi-Timeframe Trend: Two-Pole Gaussian Dashboard
Two-Pole Gaussian Filter (Line + Cloud)
Smooths a user-selected source (default: close) using a two-pole Gaussian filter with tunable alpha.
Plots:
A thin Gaussian trend line, and
A thick Gaussian “cloud” line with transparency, colored by slope vs past (offsetG).
Functions as a responsive trend backbone that is more sensitive than EMA 200 but less noisy than raw price.
Multi-Timeframe Gaussian Dashboard
Evaluates Gaussian trend direction across up to six timeframes (e.g., 1H / 2H / 4H / Daily / Weekly).
Renders a compact bottom-right table:
Header: symbol + overall bias arrow (up / down) based on average trend alignment.
Row of colored cells per timeframe (green for uptrend, magenta for downtrend) with human-readable TF labels (e.g., “60M”, “4H”, “1D”).
Gives an immediate read on whether intraday, swing, and higher-timeframe flows are aligned or fragmented.
Default Configuration & Usage Guidance
Default state after adding the script:
Enabled by default:
EMA 200 trend backbone
Nadaraya–Watson swing labels and curve
CCI bar coloring
RSI top/bottom arrows
Fat Bull / Fat Bear engine
Bull Snort & Pocket Pivots
S&R Power Channel
ICT Local + Macro zones
Two-pole Gaussian line + cloud + dashboard
PCD engine for stocks (auto-active where data is available)
Disabled by default (opt-in):
Custom MA suite (4x MAs, preset as EMA 8/8/89/89)
Hull MA overlay
How traders can use VB-MainLite in practice:
Use EMA 200 + Gaussian dashboard to define top-down directional bias and avoid trading directly against multi-TF trend.
Use Nadaraya swing labels, RSI exhaustion arrows, and CCI bar colors to time entries within that higher-timeframe bias.
Use Fat Bull / Fat Bear events as structured confirmation that both pattern and MA regime have flipped in the same direction.
Use Bull Snort, Pocket Pivots, and S&R / ICT zones to align execution with liquidity, volume, and location (premium vs discount).
On stocks, use PCD as a positioning map to understand trapped supply, support zones near crowded cost basis, and where profit-taking is likely.
Dark Vector ScalpingThe Dark Vector Scalping indicator is a high-frequency trend-following system designed specifically to capture rapid momentum shifts in the market. It combines a staircase-style breakout logic with volatility-adjusted trailing stops to define market direction.
While the underlying math is robust enough for various asset classes, this specific configuration is optimized for scalping operations on 1-minute and 5-minute timeframes. It aims to filter out the "noise" common in lower timeframes while reacting quickly to genuine breakouts.
Core Components
1. The Apex Engine (Staircase Logic) Unlike traditional moving averages that curve with price, this engine uses a "hard" breakout logic. It looks back at a specific number of bars (Sensitivity) to find the highest highs and lowest lows.
Bullish Flip: Occurs when the price closes below the calculated low of the previous trend.
Bearish Flip: Occurs when the price closes above the calculated high of the previous trend.
Trailing Stop: Once a trend is established, a trailing stop line is drawn. This line only moves in the direction of the trend (up for bullish, down for bearish) and never retraces, acting as a ratchet to lock in paper profits.
2. Volatility Normalization To prevent getting stopped out by random market noise (scam wicks), the indicator calculates the Average True Range (ATR). It multiplies this volatility metric by a user-defined deviation factor to determine exactly how far the stop line should be from the current price action.
3. The Hull Moving Average (HMA) Filter The script includes an optional 50-period Hull Moving Average. The HMA is known for being extremely fast and smooth, reducing lag compared to standard moving averages.
Visual Reference: You can plot the line to see the overall macro trend.
Hard Filter: You can enable a "Safety Filter" in the settings. If enabled, the system will only generate Buy signals if the price is above the HMA, and Sell signals if the price is below the HMA.
4. The Dashboard A data panel is located on the chart (customizable position) to provide instant numerical data without needing to calculate levels manually. It displays the current trend state, the exact price of the trailing stop, and the status of the HMA filter.
Settings & Configuration
Sensitivity (Lookback)
Default: 5
This is the primary setting for the Apex Engine. A setting of 5 is the "sweet spot" for 1-minute and 5-minute charts. It allows the system to react very quickly to sudden volume spikes. Increasing this number (e.g., to 10) will make the signals slower and more conservative.
Stop Deviation
Default: 3.0
This controls the "breathing room" for the trade. A value of 3.0 allows for standard volatility on minute charts without triggering a premature exit. Lowering this to 2.0 will result in tighter stops but more false signals.
HMA Filter
Use HMA as Filter? (Default: OFF):
When OFF, the system signals purely on price action breakouts (fastest).
When ON, the system waits for the price to align with the 50-period HMA before signaling (safest, but may delay entry).
How to Interpret Visuals
Candle Colors
Teal/Green: The market is in a Bullish regime.
Red/Pink: The market is in a Bearish regime.
The Line
The solid stepped line represents the hard invalidation point. If price closes beyond this line, the trend is considered over.
Diamond Signals
Light Green Diamond (Below Bar): Confirmed Buy Signal. A new bullish trend has started.
Light Red/Pink Diamond (Above Bar): Confirmed Sell Signal. A new bearish trend has started.
Trading Strategy Guide
The Scalp Entry
Ensure you are on a 1-minute or 5-minute timeframe.
Wait for a signal Diamond to close. Do not enter while the bar is still forming, as the signal may repaint (disappear) if the price retraces before the close.
Long Entry: Enter when a Green Diamond appears and the candle turns Teal.
Short Entry: Enter when a Red Diamond appears and the candle turns Red.
Risk Management
Stop Loss: Your invalidation level is the "Apex Stop" line. You can place your hard stop loss slightly beyond this line.
Take Profit: Because this is a trend-following system, it is often best to hold until the candle color changes, or to take profit at fixed Risk:Reward ratios (e.g., 1:1.5 or 1:2).
The HMA Nuance If you find the market is "choppy" (moving sideways), enable the "Use HMA as Filter" option in the settings. This will force the system to ignore signals that are counter-trend to the longer-term momentum.
Disclaimer
The information provided by the "Dark Vector Scalping" indicator and this accompanying guide is for educational and informational purposes only. It does not constitute financial, investment, or trading advice. Trading cryptocurrencies, stocks, and forex involves a high level of risk and may not be suitable for all investors. You could lose some or all of your initial investment.
