Realized Price Profit/Loss Margin [VWAP Optimized]Shaded Profit/Loss Margin Oscillator
The Shaded Profit/Loss Margin Oscillator is a powerful tool designed to measure Bitcoin’s Net Unrealized Profit/Loss (NUPL). This metric reflects the difference between Bitcoin’s current market price and its realized price, which approximates the price at which coins were last moved. By smoothing the NUPL using a moving average, the indicator provides a clean purple oscillator line that helps users easily gauge market sentiment. When the oscillator is above the zero line, the market is in profit, and when it is below zero, participants are generally in a state of unrealized loss. The shaded area between the oscillator and the zero line enhances visual clarity, making it easier to identify potential shifts in market behavior such as profit-taking or capitulation.
Unique Features and Added Value
What sets this indicator apart from traditional NUPL indicators is the use of a volume-weighted average price (VWAP) as a proxy for the realized price. Unlike the original on-chain NUPL metric, which relies on complex on-chain data, this indicator leverages VWAP to provide an approximation of realized price based solely on price and volume data available directly on TradingView. This method makes it highly accessible to traders who don’t have access to on-chain data platforms.
The use of VWAP not only simplifies the calculation but also provides additional value, as it incorporates volume into the realized price estimation. This volume-sensitive approach may offer a more responsive and dynamic reflection of realized prices compared to on-chain models, which can sometimes lag. In essence, this VWAP-based NUPL oscillator offers a unique edge in tracking profit/loss margins, particularly for traders who want a straightforward and efficient way to gauge sentiment without relying on external on-chain data sources. It brings the essence of NUPL into the world of technical analysis in an accessible and actionable way.
Cerca negli script per "profit"
ATR Band, Stop loss , Take Profit Lines, and Pip Distance# ATR Band, Take Profit Lines, and Pip Distance Indicator
This indicator helps traders identify potential stop loss and take profit levels using Average True Range (ATR) bands and custom multipliers. It provides a visual representation of these levels and calculates the pip distance to stop loss, aiding in risk management and trade planning.
## Key Features:
- ATR-based upper and lower bands for potential stop loss levels
- Two take profit levels above and below the ATR bands
- Customizable ATR period and multipliers for bands and take profit levels
- Pip distance calculation to stop loss levels
- Adjustable colors for all elements
## How to Use:
1. The ATR bands (blue and red lines) suggest potential stop loss levels.
2. Take profit levels are shown as green lines above and below the ATR bands.
3. Labels display the pip distance from the current or last close to the stop loss levels.
## Customization:
- Adjust the ATR period and multipliers to fit your trading style
- Customize colors for better visibility on your chart
- Choose between current candle or last close for pip distance calculation
Remember, this indicator is for informational purposes only. Always manage your risk carefully and consider using it in conjunction with other analysis tools and your trading strategy.
Good luck with your trading!
ATR, Chop, Profit Target and Stop Loss TableThe ATR Table indicator is a versatile tool that helps traders visually and quantitatively manage risk, identify market conditions, and set profit targets and stop-loss levels. It is designed to enhance decision-making by incorporating key volatility and chop (market consolidation) signals into a comprehensive table format.
Key Features:
Average True Range (ATR) Calculation : The indicator computes the ATR over a user-defined period (default 14). ATR helps to measure market volatility, providing insights into how much an asset's price typically moves within a given period.
Stop Loss and Profit Target Calculation : You can configure stop-loss and profit target levels using multipliers based on the ATR. This allows dynamic risk management that adjusts to market volatility:
Stop Loss : Defined as a multiple of the ATR to help control losses.
Profit Target : Also based on a multiple of the ATR to lock in gains. The user can specify whether they are trading long or short, and the indicator adjusts the levels accordingly.
Customizable Plot Lines : The indicator can display the Stop Loss and Profit Target levels directly on the chart. Users can toggle these lines on or off and customize their colors.
Chop Signa l: The indicator highlights potential consolidation periods (chop) using a wick-based analysis. It calculates the highest upper or lower wick values and compares them to the ATR to detect periods of indecision or consolidation.
Table Display : When these wick values exceed the ATR by a user-defined multiplier, the corresponding table rows are highlighted.
Background Alerts : Optionally, users can activate background color changes on the chart to visually alert them when chop conditions are detected.
Customizable Table Layout : A table displaying the key values (ATR, Stop Loss, Profit Target, Upper/Lower Wickiness) is placed on the chart. You can choose the table's position, adjust its color scheme, and decide which rows to display.
Chop Background Customization : For users who prefer more visual cues, the indicator allows you to enable or disable background shading when chop conditions are met. You can also choose the color of this background for better customization.
Pivot Profit Target [Mxwll]Introducing the Pivot Profit Target!
This script identifies recent pivot highs/lows and calculates the expected minimum distance for the next pivot, which acts as an approximate profit target.
The image above details the indicator's output.
The image above shows a table consisting of projection statistics.
How to use
The Pivot Profit Targets can be used to approximate a profit target for your trade.
Identify where your entry is relative to the most recent pivot, and assess whether the minimum expected distance for the most recent pivot has been exceeded. Treat the zones as an approximation.
If your trade aligns with the most recent pivot - treat the minimum expected distance zone as a potential profit target area. Of course, price might stop short or continue beyond the projection area!
That's it! Just a short and sweet script; thank you!
[S1B] Leverage Take-Profit-LinesShort Description:
The Leverage Take-Profit-Lines indicator assists traders in setting take-profit and stop-loss levels based on leverage, entry price, and risk percentage. It draws horizontal lines representing various take-profit levels and the stop-loss level on the chart, aiding traders in visually identifying potential exit points and managing risk.
Detailed Description:
The Leverage Take-Profit-Lines indicator is designed to provide traders with a visual representation of take-profit and stop-loss levels tailored to their leverage, entry price, and risk preferences.
Key Features:
Customizable Parameters: Traders can adjust parameters such as leverage, entry price, risk percentage, and whether to extend lines to suit their trading strategy.
Take-Profit Levels: The indicator calculates and draws horizontal lines representing different take-profit levels based on the specified percentage of leverage-adjusted entry price.
Stop-Loss Level: It calculates and displays the stop-loss level based on the specified risk percentage and leverage, helping traders manage risk effectively.
Visual Representation: The indicator visually highlights take-profit and stop-loss levels on the chart, facilitating quick decision-making for traders.
Usage Guide:
Setting Parameters: Adjust the input parameters including leverage, entry price, risk percentage, and other settings according to your trading strategy.
Interpreting Lines: Horizontal lines are drawn on the chart representing take-profit levels (TP1, TP2, TP3, TP4) and the stop-loss level. These lines indicate potential exit points and risk management levels.
As an example the TP1 can be used to sell 10% of position size, TP2 20%, TP3 20% and TP4 20-40%.
The Leverage Take-Profit-Lines indicator empowers traders with valuable insights into setting profit targets and managing risk effectively, contributing to more informed trading decisions.
NUPL - Net Unrealized Profit-Loss BTC Tops/Bottoms [Logue]Net Unrealized Profit Loss (NUPL) - The NUPL measures the profit state of the bitcoin network to determine if past transfers of BTC are currently in an unrealized profit or loss state.
Values above zero indicate that the network is in overall profit, while values below zero indicate the network is in overall loss. Highly positive NUPL values indicate overvaluation of the BTC network and relatively negative NUPL values indicate an undervaluation of the BTC network.
For tops: The default setting for tops is based on decreasing "strength" of BTC tops. A decreasing linear function (trigger = slope * time + intercept) was fit to past cycle tops for this indicator and is used as the default to signal macro tops. The user can change the slope and intercept of the line by changing the slope and/or intercept factor. The user also has the option to indicate tops based on a horizontal line via a settings selection. This horizontal line default value is 73. This indicator is triggered for a top when the NUPL is above the trigger value.
For bottoms: Bottoms are displayed based on a horizontal line with a default setting of -13. The indicator is triggered for a bottom when the NUPL is below the bottom trigger value.
Potential Profit at ATHUsage:
Enter how much of the particular coin you are holding within the settings area.
What this indicator does:
Grabs the current All Time High (ATH).
Uses the ATH to calculate the potential profit in percentage from the current price to ATH.
Calculates the potential profit in EUR based on the percentage in the previous calculation.
Displays the above-mentioned values on the screen as labels.
You now have a forecast of the potential profit you can make when you hodl to the ATH.
Attention: "The example uses 1 coin as default.
For a calculation of your holdings, make sure you enter the amount of the current coin you are holding"
Take Profit ModelThis Indicator allows you to define 9 Taking Profit levels between your floor price and a target price you define for 10 selectable Assets and tweak the levels to your preference. It does not do any fancy dynamic calculations, it just draws lines on the chart where you want them so that you have an easy reference for when to take profit (or not).
Example:
So, if your floor price for an asset is e.g. $10 and your target price is $110 (its up to you to define, who knows right, I do not have a crystal ball), You have a range of $100 where you can set your levels as follows
The first level is the Floor price you entered = $10
Formula: Level x (Target - Floor) + Floor = Take Profit level
Levels
0.1 x (110 - 10) + 10 = $20
0.2 x (110 - 10) + 10 = $30
0.3 x (110 - 10) + 10 = $40
0.4 x (110 - 10) + 10 = $50
0.5 x (110 - 10) + 10 = $60
0.6 x (110 - 10) + 10 = $70
0.7 x (110 - 10) + 10 = $80
0.8 x (110 - 10) + 10 = $90
0.9 x (110 - 10) + 10 = $100
And finally the last level is drawn for the target price
Target Price = $110
To change the settings, go to the cog icon of the Indicator, select the assets (Tickers) you have and next enter a value between 0 and 1 (as shown above) for each level, and if you want a different color. Instead of using 0.1-0.9 you e.g. can also use Fibonacci numbers like 0.235, 0.382, 0.618, 0.786 and disable (using the check mark) the rest of the levels. Experiment with this as you see fit.
Make sure that the chart you are looking at in TradingView is the same as you select in the indicator configuration e.g. COINBASE:BTCUSD should be selected as the chart as well as the Ticker in the configuration.
The Start date of the script is configurable (one date across all assets and levels)
The colors of the Levels is configurable (I am colorblind so go wild)
The standard values in the script are just examples, you need to determine the values that apply in your case and do your own research.
Your feedback is most welcome
Anticipated Profit Targets (APT)Anticipated Profit Targets (APT)
Purpose:
The Anticipated Profit Targets script is a specialized tool designed to assist traders in visualizing potential exit points for their trades. This is achieved by leveraging the Average True Range (ATR), a renowned measure of market volatility.
How It Works:
ATR Computations: At its core, the script calculates the ATR based on a user-defined number of periods. The ATR captures the range between the high and low prices of an asset over a specific duration, providing a snapshot of its volatility.
Multiplier Application: To fine-tune the profit targets, the ATR is multiplied by a user-defined multiplier. This step adjusts the ATR value, setting the profit targets at a distance from the current price, thus accounting for potential price movements.
Adaptable Timeframes: One of the standout features of this script is its adaptability. Users can select their desired timeframe for the profit target calculations. This flexibility means that a trader can be on a 15-minute chart but visualize profit targets based on the volatility of a 1-hour chart.
Visual Representation: The calculated profit targets are then overlaid onto the current chart. This visual aid provides traders with a clear perspective of potential exit points in relation to ongoing price movements.
Originality and Usefulness:
While the concept of using ATR for setting profit targets isn't new, this script's adaptability across timeframes and its user-centric customization options make it a unique offering. The combination of ATR with dynamic multipliers and timeframe adaptability ensures that traders get a tool tailored to their specific needs, rather than a one-size-fits-all solution.
Usage Guidelines:
After adding the script to the chart, traders can adjust the input parameters to their preferences. The anticipated profit targets will then be displayed, offering potential exit points. It's recommended to use these targets in conjunction with other technical indicators and chart patterns for a holistic trading strategy.
Features:
ATR Periods: The ATR is calculated using a user-defined number of periods. By default, it's set to 14 periods, a standard setting. The ATR gauges the asset's volatility, and adjusting the periods can increase or decrease its sensitivity to recent price fluctuations.
ATR Multiplier: The ATR is multiplied by a user-defined factor to determine the profit targets. With a default multiplier of 1.5, the profit target will be positioned 1.5 times the ATR above (for bullish trades) or below (for bearish trades) the current price.
Target Timeframe: Traders can choose the timeframe for which the profit targets are calculated. This feature enables viewing of profit targets from higher timeframes on the current chart. For instance, while observing a 15-minute chart, one can see the 1-hour profit targets.
Visual Indicators:
1. Two lines are plotted: the bullish target (in green) and the bearish target (in red).
2. At the onset of each new candle in the selected higher timeframe, labels indicating the precise profit target values are displayed.
3. Price scale labels also showcase the profit targets, offering a quick reference for potential exit points.
Customization:
Traders can modify the following parameters:
1. ATR Periods: Adjusting the number of periods can refine the ATR's sensitivity to price changes.
2. Multiplier for ATR: Tweaking this value alters the distance between the profit targets and the current price.
3. Timeframe for Profit Targets: A variety of timeframes are available, granting flexibility in viewing profit targets.
How to Use:
After integrating the script into their chart, traders can modify the input parameters as desired. The anticipated profit targets will then be overlaid on the chart, offering potential exit points. When used alongside other technical indicators and chart patterns, this tool can enhance trading decision-making.
Note: This script is designed for educational purposes and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
50 Point Stop & Take Profit**50 Point Stop & Take Profit**
This custom TradingView indicator is designed for instruments like US30 or any asset following a point system. It assists traders in setting precise stop-loss and take-profit levels based on different risk-reward ratios. It calculates and plots horizontal lines at various price levels above and below your specified entry price, with a 50-point difference between each ratio.
**How It Benefits Your Strategy:**
- Each risk-reward ratio, whether it's 1:1, 2:1, 3:1, and so on, is separated by precisely 50 points. This deliberate spacing is tailored to provide you with clear and consistent reference points for managing trades in instruments using a point-based system.
- The 50-point increments make it easy to adjust your positions, ensuring that your risk and reward levels align with your trading strategy and objectives.
**Usage:**
1. Set your desired entry price using the "Entry Price" input.
2. The indicator is ideally suited for instruments like US30, where each point represents a distinct price movement. It will automatically calculate and plot multiple lines at the following levels, both for Long (L) and Short (S) positions:
- 1:1 Risk-Reward Ratio (±50 points)
- 2:1 Risk-Reward Ratio (±100 points)
- 3:1 Risk-Reward Ratio (±150 points)
- 4:1 Risk-Reward Ratio (±200 points)
- 5:1 Risk-Reward Ratio (±250 points)
- 6:1 Risk-Reward Ratio (±300 points)
- 7:1 Risk-Reward Ratio (±350 points)
- 8:1 Risk-Reward Ratio (±400 points)
- 9:1 Risk-Reward Ratio (±450 points)
- 10:1 Risk-Reward Ratio (±500 points)
**Customization Options:**
- **Alerts:** You can set alerts for each level to receive notifications when the price reaches a specific risk-reward ratio.
- **Color Customization:** Customize the colors of the plotted lines to suit your chart preferences.
- **Toggle Ratios:** Easily toggle on/off different risk-reward ratios to focus on specific levels that align with your trading strategy.
**How to Use:**
- Use the plotted lines as reference points for setting stop-loss and take-profit orders at your preferred risk-reward ratios.
- The blue horizontal line represents your specified entry price.
This indicator simplifies your trading strategy by providing clear visual cues for managing risk and reward levels, with each level thoughtfully spaced 50 points apart to cater to your strategy's precision.
*Note: Always use risk management and proper trade sizing in your trading strategy.*
**Version:** Pine Script version 5
Take profit and Stop Loss ATR HL [Tcs] | ALGOThis indicator helps traders set stop loss and take profit levels based on either ATR or High-Low range.
The indicator calculates stop loss and take profit levels for both long and short positions, based on the user's input of ATR length, ATR smoothing method, and multiplier levels for each level. It’s possible to set 3 levels of take profit, for both long and short trades.
The indicator also includes the option to show or hide levels, bands, and labels for the calculated stop loss and take profit levels.
Additionally, the indicator has a function to calculate the user's risk based on their account balance, risk percentage, and broker fees.
Overall, this indicator can be helpful for traders who use stop loss and take profit levels in their trading strategies and want a visual representation of those levels on their charts.
Please note that this indicator is for educational purposes only and should not be used for trading without further testing and analysis.
Supertrend - Optimised Exit We created a small script that will allow you to have a quick look into static SL/PT to choose from. This might save you time, replacing the manual search for optimal SL/PT.
We're checking signals of the strategy and computing its performance with a grid of SL/PT selected.
We used SuperTrend signals in this example, but it will be straightforward to integrate your signals.
In addition to total Return, we compute MAX Dd and Profit Factor. Other metrics can be implemented as well.
Thanks to @MUQWISHI for helping code it.
Disclaimer
Please remember that past performance may not indicate future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
EMA + ATR Support and Resistance + Take Profit SignalThe 'EMA+ ATR Support Resistance Take Profit signal' indicator is a technical analysis tool designed to help traders identify potential support and resistance levels, using the Exponential Moving Average (EMA) and the Average True Range (ATR) indicators. This indicator not only tracks the EMA and ATR but also plots these levels as support and resistance lines, providing useful insights into potential buy and sell points.
The indicator allows you to set the lengths for both the EMA and ATR, with default values set to 20 and 14, respectively. Moreover, you can specify the multiplier for the ATR in the Support/Resistance (S/R) length setting, which defaults to 2. The line width for the plotted lines can also be adjusted according to your preference.
The EMA line in center is invisible by default but you can change that by going to the setting of the indicator. The support and resistance lines are plotted in green and red, respectively. When the price hits the support or resistance levels, the indicator provides a visual signal with a cross shape below or above the respective bars, in lime and red, respectively. If you do not need the take profit signals you can disable them in the setting.
How to Use:
1. Define the EMA and ATR lengths according to your trading strategy. Higher lengths will provide smoother lines but may also lag the current price action.
2. Set the S/R length to determine the distance of the support and resistance lines from the EMA line. Higher values will place these lines further away from the EMA.
3. Monitor the chart for instances when the price hits the support or resistance levels. This is indicated by a cross shape below (for support hit) or above (for resistance hit) the price bar. These points may be considered as potential take profit points or entry/exit points, depending on your strategy.
4. Use the indicator in conjunction with other tools and indicators to confirm signals and reduce the risk of false signals. So the assumption is you enter a trade using your other indicators but you can rely on this indicator to remind you to take profit if you are long by a red cross of the resistance line and if you are short reminds you by a green cross on the support line.
Disclaimer: This indicator should not be used as the sole determinant for any investment decision. Always conduct thorough research and consider multiple factors before trading.
Scaled Order Sizing and Take Profit Target ArraysWOAH Order Scaling!
This Provides a user with methods to create a list of profit targets and order sizes which grow or shrink. For size, the will add up to specific sum. for Targets they will include the first and last, and can lean towards either, to scale the order grid.
And thanks to @Hoanghetti for the markdown, i've included a basic usage example within the hover , o you don't need to search for the usage example, simply import, and when writing, the code hint contains a full example.
scaled_sizes(total_size, count, weight, min_size, as_percent)
create an array of sizes which grow or shrink from first to last
which add up to 1.0 if set the as_percent flag , or a total value / sum.
Parameters:
total_size : (float) total size to divide ito split
count : (int ) desired number of splits to create
weight : (float) a weight to apply to grow or shrink the split either towards the last being most, or the first being most, or 1.0 being each is equally sized as 1/n count
min_size : (float) a minimum size for the smallest value (in value of ttotal_size units)
as_percent : (float) a minimum size for the smallest value (in value of total_size units)
Returns: Array of Sizes for each split
scaled_targets(count, weight, minimum, maximum)
create a list of take profitt targets from the smallest to larget distance
Parameters:
count : (int ) number of targets
weight : (float) weight to apply to growing or shrinking
minimum : (float) first value of the output
maximum : (float) last value of the output
Returns: Array of percentage targets
Commission-aware Trade LabelsCommission-aware Trade Labels
Description:
This library provides an easy way to visualize take-profit and stop-loss levels on your chart, taking into account trading commissions. The library calculates and displays the net profit or loss, along with other useful information such as risk/reward ratio, shares, and position size.
Features:
Configurable take-profit and stop-loss prices or percentages.
Set entry amount or shares.
Calculates and displays the risk/reward ratio.
Shows net profit or loss, considering trading commissions.
Customizable label appearance.
Usage:
Add the script to your chart.
Create an Order object for take-profit and stop-loss with desired configurations.
Call target_label() and stop_label() methods for each order object.
Example:
target_order = Order.new(take_profit_price=27483, stop_loss_price=28000, shares=0.2)
stop_order = Order.new(stop_loss_price=29000, shares=1)
target_order.target_label()
stop_order.stop_label()
This script is a powerful tool for visualizing your trading strategy's performance and helps you make better-informed decisions by considering trading commissions in your profit and loss calculations.
Library "tradelabels"
entry_price(this)
Parameters:
this : Order object
@return entry_price
take_profit_price(this)
Parameters:
this : Order object
@return take_profit_price
stop_loss_price(this)
Parameters:
this : Order object
@return stop_loss_price
is_long(this)
Parameters:
this : Order object
@return entry_price
is_short(this)
Parameters:
this : Order object
@return entry_price
percent_to_target(this, target)
Parameters:
this : Order object
target : Target price
@return percent
risk_reward(this)
Parameters:
this : Order object
@return risk_reward_ratio
shares(this)
Parameters:
this : Order object
@return shares
position_size(this)
Parameters:
this : Order object
@return position_size
commission_cost(this, target_price)
Parameters:
this : Order object
@return commission_cost
target_price
net_result(this, target_price)
Parameters:
this : Order object
target_price : The target price to calculate net result for (either take_profit_price or stop_loss_price)
@return net_result
create_take_profit_label(this, prefix, size, offset_x, bg_color, text_color)
Parameters:
this
prefix
size
offset_x
bg_color
text_color
create_stop_loss_label(this, prefix, size, offset_x, bg_color, text_color)
Parameters:
this
prefix
size
offset_x
bg_color
text_color
create_entry_label(this, prefix, size, offset_x, bg_color, text_color)
Parameters:
this
prefix
size
offset_x
bg_color
text_color
create_line(this, target_price, line_color, offset_x, line_style, line_width, draw_entry_line)
Parameters:
this
target_price
line_color
offset_x
line_style
line_width
draw_entry_line
Order
Order
Fields:
entry_price : Entry price
stop_loss_price : Stop loss price
stop_loss_percent : Stop loss percent, default 2%
take_profit_price : Take profit price
take_profit_percent : Take profit percent, default 6%
entry_amount : Entry amount, default 5000$
shares : Shares
commission : Commission, default 0.04%
Average Cost (Costo Promedio)ENGLISH
This 'Average Cost' script allows the user to input and visualize profit or loss for different stocks (up to 50) with average cost and quantity data on a single chart. This is useful for tracking the profit or loss of each stock in real-time.
To use this script, the user should follow these steps:
1. Add the 'Average Cost' script to your TradingView chart.
2. In the script's configuration window, input the tickers, average costs, and quantity of shares for each ticker you want to monitor.
3. Click 'Accept' to apply the changes.
This script is primarily designed for stock markets, but can also be useful in other financial markets where the user is interested in tracking the performance of multiple assets.
ESPAÑOL
Este script de "Costo Promedio" permite al usuario ingresar y visualizar si hay ganancia o perdida para diferentes acciones (hasta 50) con los datos de costos promedio y cantidad de acciones en un solo gráfico. Esto es útil para realizar un seguimiento de la ganancia o pérdida de cada acción en tiempo real.
Para utilizar este script, el usuario debe seguir estos pasos:
1. Agregue el script "Costo Promedio" a su gráfico en TradingView.
2. En la ventana de configuración del script, ingrese los tickers, costos promedio y cantidad de acciones para cada ticker que desee monitorear.
3. Haga clic en "Aceptar" para aplicar los cambios.
Este script está diseñado principalmente para los mercados de acciones, pero también puede ser útil en otros mercados financieros donde el usuario esté interesado en rastrear el rendimiento de múltiples activos.
UB Profit Signal IndicatorThe UB Profit Signal indicator is a technical analysis tool designed to identify potential buy and sell signals in the market. The indicator is based on four technical indicators - Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Bollinger Bands (BB), and volume moving average.
The script starts by defining input variables such as MACD Fast Length, MACD Slow Length, MACD Signal Length, RSI Length, etc. These variables are used to customize the indicator based on the user's preference.
The MACD is calculated using the ta.macd function, which returns three variables: the MACD Line, Signal Line, and Histogram. The MACD line is calculated as the difference between two exponential moving averages of the price. The signal line is a moving average of the MACD line. The histogram shows the difference between the MACD line and the signal line.
The RSI is calculated using the ta.rsi function, which calculates the RSI value based on the number of periods specified in the RSI Length input variable. The RSI is a momentum oscillator that measures the speed and change of price movements.
The Bollinger Bands are calculated using the ta.sma and ta.stdev functions. The Simple Moving Average (SMA) is calculated using the close price over 21 periods, while the Standard Deviation is calculated using the close price over the same 21 periods. The upper and lower bands are then calculated based on the SMA and Standard Deviation.
Finally, the buy and sell signals are generated based on specific conditions that combine the MACD, RSI, and BB values. For example, a buy signal is generated when the RSI value is greater than 30, the volume is greater than the volume moving average, the close price is greater than the 9-period SMA, and the close price is between the upper and lower BBs. Similarly, a sell signal is generated when the RSI value is less than 40, the volume is greater than the volume moving average, the close price is less than the 9-period SMA, and the close price is between the upper and lower BBs.
The buy and sell signals are plotted on the chart using the plotshape function, which creates triangular shapes above and below the bars to indicate the signals. Green triangles indicate a buy signal, while red triangles indicate a sell signal. Overall, the UB Profit Signal indicator can be useful for traders looking to identify potential buy and sell signals in the market and take advantage of price movements.
ATR Stop Loss and Take Profit FinderThe purpose of this tool is to help the trader determine a safe stop loss price and take profit which dynamically changes due to ATR (Average True Range)
This tool uses the concept of
ATR (Average True Range)
Risk Reward Ratio (Money Management method)
How is ATR Stop Loss and Take Profit Finder working
Step 1 ) Tool will calculate TR(True Range
Step 2) Then the TR will be used to find the Average value of X time frame, using 5 math models: RMA SMA EMA WMA and LSMA
Step 3) The value from Step 2 will be multiplied by the factor, and the result is ATR
After we got ATR Value, the Tool will find 2 lines: Upper Band and Lower Band which will function as a Stoploss value for both Short and Long trade
ATR Stop Loss and Take Profit Finder will be using Upper Band and Lower Band to calculate Take profit price. A trader can set their Target Risk Reward Ratio by setting
How to use ATR Stop Loss and Take Profit Finder
ATR Stop Loss and Take Profit Finder is not an indicator, it is only a tool to help the trader quickly find their stop loss/take profit price. t
For open long position, We comment trade to switch mode of 'Type of open Position to be long. Same as short which is need to be changed to short
Channel Take Profit Tool for AlertatronWhat is this for
This tool is designed as a companion to an automated strategy running on Alertatron. Sometimes when a strategy opens a trade, you decide that based on TA you would like to close all or or a portion of your trade at a support or resistance level. The strategy may already be programmed to take profit but this tool allows you to add additional take profit criteria that can trigger an alert to Alertatron if it happens before the strategy closes.
How to use it
When you add the indicator to your chart, it will ask you to select two points on the chart. These two points will be connected by a line and create the parallel channel that will be used for triggering a take profit alert. The offset is how wide you want the channel to be. When the high or low of a candle enters the channel from either direction, the alert will be fired. AFTER you add the indicator to the chart and configure ALL of the settings, you need to create an alert on the indicator for "All Alert Functions" and paste your incoming alert webhook from Alertatron into the webhook input.
Alertatron Setup
You will need to provide the API name that you have configured in Alertatron that matches the account the trade is open in. This tool supports ByBit and FTX.us by may work with other exchanges too (this option just chooses which currency/pair divider is used in the alert message).
ALMA/EMA/SRSI Strategy + IndicatorBack with another great high hit rate strategy!!
Disclaimer* This strategy was sampled using source code written by @ClassicScott , as referred to in the script, there is a clear line where the source code was scripted by myself.
This Strategy consists of three key factors, the ALMA, EMA crossover, and a Stochastic Rsi
ALMA: The Alma is the step line shown, turning green and red at select times. This average value gives general oversight of the macro movement of price action. and this particular one was coded by Mr.ClassicScott.
EMA crossover: At the input screen you are given an option of the fast and slow ema's. The default is solely for the hit rate and correlation to the Alma of this strategy. The arrows you see depicted on the chart are the crossover events happening.
Stochastic Rsi: The Stochastic Rsi is a stochastic value, using data sampled from the rsi. The use of this indicator in my strategy is to prevent entries when too overbought and oversold, as well as closures and vice versa, to prevent holding bags either way.
Fixed % TP: In the input screen you are given a take profit and stop loss percentage, for good R/R the hit rate will take a notch down, but with no R/R it will be near perfect.
How to use this:
Add it to your chart to get the strategy inputs. (The strategy is really only useful on a 15min TF. However the indicator within it can be used on anything at anytime!)
Watch the yellow and aqua moving averages, these are your ema's and crossover's will trigger signals based on your integer inputs.
Find Correlation between other leading indicators, as well as crossover's down/up and a red/green alma.
DO NOT use the arrows as buy/sell signals. These are simply to show ema's are crossing under or over. Momentum indicator's paired with this can be useful to determine if it could be a buy signal or sell signal.
Cheat Code's Notes:
Almost at 1000 boosts!!! I appreciate the support from everyone and I will keep trying my best to deliver quality strategies for the people.
-Cheat Code
BYBIT:BTCUSDT
Grid Settings & MMThis script is designed to help you plan your grid trading or when averaging your position in the spot market.
The script has a small error (due to the simplification of the code), it does not take into account the size of the commission.
You can set any values on all parameters on any timeframe, except for the number of orders in the grid (from 2 to 5).
The usage algorithm is quite simple:
1. Connect the script
2. Install a Fibo grid on the chart - optional (settings at the bottom of the description)
3.On the selected pair, determine the HighPrice & LowPrice levels and insert their values
4.Evaluate grid data (levels, estimated profit ’%’, possible profit ‘$’...)
And it's all)
Block of variables for calculating grid and MM parameters
Variables used regularly
--- HighPrice and LowPrice - constant update when changing pairs
--- Deposit - deposit amount - periodically set the actual amount
Variables that do not require permanent changes
--- Grids - set the planned number of grids, default 5
--- Steps - the planned number of orders in the grid, by default 5
--- C_Order - coefficient of increasing the size of orders in the base coin, by default 1.2
--- C_Price - trading levels offset coefficient, default 1.1
--- FirstLevel - location of the first buy level, default 0.5
--- Back_HL - number of candles back, default 150
*** For C_Order and C_Price variables, the value 1 means the same order size and the same distance between buy levels.
The fibo grid is used for visualization, you can do without it, ! it is not tied to the script code !
You can calculate the levels of the Fibo grid using the formula:
(level price - minimum price) / (maximum price - minimum price)
For default values, grid levels are as follows:
1 ... 0.5
2...0.359
3 ... 0.211
4...0.0564
5...-0.1043
Short description:
in the upper right corner
--- indicator of the price movement for the last 150 candles, in % !!! there is no task here to "catch" the peak values - only a relative estimate.
in the upper left corner
--- total amount of the deposit
--- the planned number of grids
--- “cost” of one grid
--- the size of the estimated profit depending on the specified HighPrice & LowPrice
in the lower left corner
--- Buy - price levels for buy orders
--- Amount - the number of purchased coins in the corresponding order
--- Sell - levels of profit taking by the sum of market orders in the grid
--- $$$ - the sum of all orders in the grid, taking into account the last active order
--- TP - profit amount by the amount of orders in the grid
Take profit Multi timeframeRepublish:
Take profit Multi timeframe:
In this scipts, I build risk-reward system managemant. You can take profit in two way: percent or at resistant in higher timeframe or both.
Strategy in this scripts, I use Wave trend indicator as example strategy.
Position Sizing CalculatorThis is an intuitive risk management tool with a minimalist design.
This calculator will determine your position size per trade, profit, loss, risk/reward ratio and leverage if any.
It will calculate your leverage if you are trading financial instruments e.g. Mini Futures , Turbo Warrants etc. that have a financing level.
Tip: Use this as a complement to the Long/Short Position tool.
Provide the following inputs to get a calculation:
- Position type
- Account balance
- Risk per trade percentage
- Financing level (if any for leveraged instruments), else let it be 0
- Entry price
- Target price
- Stopp loss price
You can also choose the color of the output text, its background and position in the chart window.
Enjoy!
