VWAP StrategyVWAP and volatility filters for structured intraday trades.
How the Strategy Works
1. VWAP Anchored to Session
VWAP is calculated from the start of each trading day.
Standard deviations are used to create bands above/below the VWAP.
2. Entry Triggers: Al Brooks H1/H2 and L1/L2
H1/H2 (Long Entry): Opens below 2nd lower deviation, closes above it.
L1/L2 (Short Entry): Opens above 2nd upper deviation, closes below it.
3. Volatility Filter (ATR)
Skips trades when deviation bands are too tight (< 3 ATRs).
4. Stop Loss
Based on the signal bar’s high/low ± stop buffer.
Longs: signalBarLow - stopBuffer
Shorts: signalBarHigh + stopBuffer
5. Take Profit / Exit Target
Exit logic is customizable per side:
VWAP, Deviation Band, or None
6. Safety Exit
Exits early if X consecutive bars go against the trade.
Longs: X red bars
Shorts: X green bars
Explanation of Strategy Inputs
- Stop Buffer: Distance from signal bar for stop-loss.
- Long/Short Exit Rule: VWAP, Deviation Band, or None
- Long/Short Target Deviation: Standard deviation for target exit.
- Enable Safety Exit: Toggle emergency exit.
- Opposing Bars: Number of opposing candles before safety exit.
- Allow Long/Short Trades: Enable or disable entry side.
- Show VWAP/Entry Bands: Toggle visual aids.
- Highlight Low Vol Zones: Orange shading for low volatility skips.
Tuning Tips
- Stop buffer: Use 1–5 points.
- Target deviation: Start with VWAP. In strong trends use 2nd deviation and turn off the counter-trend entry.
- Safety exit: 3 bars recommended.
- Disable short/long side to focus on one type of reversal.
Backtest Setup Suggestions
- initial_capital = 2000
- default_qty_value = 1 (fixed contracts or percent-of-equity)
Cerca negli script per "stop loss"
RSI Pro+ (Bear market, financial crisis and so on EditionIn markets defined by volatility, fear, and uncertainty – the battlegrounds of bear markets and financial crises – you need tools forged in resilience. Introducing RSI Pro+, a strategy built upon a legendary indicator born in 1978, yet engineered with modern visual clarity to remain devastatingly effective even in the chaotic financial landscapes of 3078.
This isn't about complex algorithms predicting the unpredictable. It's about harnessing the raw, time-tested power of the Relative Strength Index (RSI) to identify potential exhaustion points and capitalize on oversold conditions. RSI Pro+ cuts through the noise, providing clear, actionable signals when markets might be poised for a relief bounce or reversal.
Core Technology (The 1978 Engine):
RSI Crossover Entry: The strategy initiates a LONG position when the RSI (default period 11) crosses above a user-defined low threshold (default 30). This classic technique aims to enter when selling pressure may be waning, offering potential entry points during sharp downturns or periods of consolidation after a fall.
Modern Enhancements (The 3078 Cockpit):
RSI Pro+ isn't just about the signal; it's about providing a professional-grade visual experience directly on your chart:
Entry Bar Highlight: A subtle background flash on the chart signals the exact bar where the RSI crossover condition is met, alerting you to potential entry opportunities.
Trade Bar Coloring: Once a trade is active, the price bars are subtly colored, giving you immediate visual confirmation that the strategy is live in the market.
Entry Price Line: A clear, persistent line marks your exact average entry price for the duration of the trade, serving as a crucial visual anchor.
Take Profit Line: Your calculated Take Profit target is plotted as a distinct line, keeping your objective clearly in sight.
Custom Entry Marker: A precise shape (▲) appears below the bar where the trade entry was actually executed, pinpointing the start of the position.
On-Chart Info Table (HUD): A clean, customizable Heads-Up Display appears when a trade is active, showing vital information at a glance:
Entry Price: Your position's average cost basis.
TP Target: The calculated price level for your Take Profit exit.
Current PnL%: Real-time Profit/Loss percentage for the open trade.
Full Customization: Nearly every aspect is configurable via the settings menu:
RSI Period & Crossover Level
Take Profit Percentage
Toggle ALL visual enhancements on/off individually
Position the Info Table wherever you prefer on the chart.
How to Use RSI Pro+:
Add to Chart: Apply the "RSI Pro+ (Bear market...)" strategy to your TradingView chart. Ensure any previous versions are removed.
Access Settings: Click the cogwheel icon (⚙️) next to the strategy name on your chart.
Configure Inputs (Crucial Step):
RSI Crossover Level: This is key. The default (30) targets standard oversold conditions. In severe downturns, you might experiment with lower levels (e.g., 25, 20) or higher ones (e.g., 40) depending on the asset and timeframe. Observe where RSI(11) typically bottoms out on your chart.
Take Profit Percentage (%): Define your desired profit target per trade (e.g., enter 0.5 for 0.5%, 1.0 for 1%). The default is a very small 0.11%.
RSI Period: While default is 11, you can adjust this (e.g., the standard 14).
Visual Enhancements: Enable or disable the visual features (background highlights, bar coloring, lines, markers, table) according to your preference using the checkboxes. Adjust table position.
Observe & Backtest: Watch how the strategy behaves on your chosen asset and timeframe. Use TradingView's Strategy Tester to analyze historical performance based on your settings. No strategy works perfectly everywhere; testing is essential.
Important Considerations:
Risk Management: This specific script version focuses on a Take Profit exit. It does not include an explicit Stop Loss. You MUST manage risk through appropriate position sizing, potentially adding a Stop Loss manually, or by modifying the script.
Oversold ≠ Reversal: An RSI crossover is an indicator of potential exhaustion, not a guarantee of a price reversal.
Fixed TP: A fixed percentage TP ensures small wins but may exit before larger potential moves.
Backtesting Limitations: Past performance does not guarantee future results.
RSI Pro+ strips away complexity to focus on a robust, time-honored principle, enhanced with modern visuals for the discerning trader navigating today's (and tomorrow's) challenging markets
GLXY Support & Resistance ZonesHere’s a structured trading strategy for Galaxy Digital Holdings Ltd. (GLXY) based on a combination of technical analysis, market sentiment, and macro crypto market movement:
⸻
1. Timeframe
• Swing trading timeframe: 1-week to 1-month trades.
• Monitor daily and 4H charts for entries and exits.
⸻
2. Key Factors Driving GLXY
• Strongly correlated to Bitcoin and Ethereum price movement.
• Sensitive to regulatory news in Canada/US and institutional crypto adoption.
• Watch Galaxy’s quarterly earnings and treasury BTC/ETH position updates.
⸻
3. Entry Strategy
A) Technical Setup:
• Buy at major support zones:
• Key support levels: $7.00 CAD, $9.00 CAD (verify current chart levels).
• Enter long positions on bullish reversal candles at these supports.
• Breakout trades:
• Enter long positions on confirmed breakouts above significant resistance (watch volume and 1D close).
• Moving Average Confirmation:
• Only trade long if price is above the 50-day moving average and 50 MA is upward sloping.
B) Macro Confirmation:
• Only take aggressive long positions if BTC price is in an uptrend (above its own 50-day MA).
• Monitor ETH/BTC pair as additional confidence for alt sentiment.
⸻
4. Exit Strategy
• First partial profit target: Previous swing highs or Fibonacci extension levels (commonly 1.272 or 1.618).
• Trailing stop: Move stop-loss to entry when trade is +10%.
• Hard stop-loss: Below the last daily support (2-5% risk).
⸻
5. Diversification
• Do not exceed 5-7% of total portfolio per trade.
• Hedge exposure by monitoring crypto futures or crypto sentiment indexes (eg. Fear & Greed Index).
⸻
6. Optional Short Setup
• Only short if price breaks major support with strong volume, and BTC/ETH are in confirmed downtrends.
• Short target: next daily support zone.
⸻
7. News / Event-based Catalyst
• Enter small positions before major earnings or after big regulatory decisions if crypto sentiment is bullish.
⸻
8. Review
• Reassess the strategy every month based on BTC market structure.
• Track your trade results for GLXY separately to refine position sizing and entry criteria.
⸻
Support & Resistance + EMA + Swing SL (3 Min)### **📌 Brief Description of the Script**
This **Pine Script indicator** for TradingView displays **Support & Resistance levels, EMAs (21 & 26), and Swing High/Low-based Stop-Loss (SL) points** on a **3-minute timeframe**.
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### **🔹 Key Features & Functionality**
1️⃣ **🟥 Support & Resistance Calculation:**
- Finds the **highest & lowest price over the last 50 candles**
- Plots **Resistance (Red) & Support (Green) levels**
2️⃣ **📈 EMA (Exponential Moving Averages):**
- **21 EMA (Blue)** and **26 EMA (Orange)** for trend direction
- Helps in identifying bullish or bearish momentum
3️⃣ **📊 Swing High & Swing Low Detection:**
- Identifies **Swing Highs (Higher than last 5 candles) as SL for Short trades**
- Identifies **Swing Lows (Lower than last 5 candles) as SL for Long trades**
- Plots these levels as **Purple (Swing High SL) & Yellow (Swing Low SL) dotted lines**
4️⃣ **📌 Labels on Swing Points:**
- **"HH SL"** is placed on Swing Highs
- **"LL SL"** is placed on Swing Lows
5️⃣ **⚡ Breakout Detection:**
- Detects if **price crosses above Resistance** (Bullish Breakout)
- Detects if **price crosses below Support** (Bearish Breakout)
- Background color changes to **Green (Bullish)** or **Red (Bearish)**
6️⃣ **🚨 Alerts for Breakouts:**
- Sends alerts when **price breaks above Resistance or below Support**
---
### **🎯 How to Use This Indicator?**
- **Trade with Trend:** Follow **EMA crossovers** and Support/Resistance levels
- **Set Stop-Loss:** Use **Swing High as SL for Shorts** & **Swing Low as SL for Longs**
- **Look for Breakouts:** Enter trades when price **crosses Resistance or Support**
This script is **ideal for scalping & intraday trading** in a **3-minute timeframe** 🚀🔥
Let me know if you need **any modifications or improvements!** 📊💹
Pivot Point Calculator PPC V2 by [KhedrFx]📈 Trade Smarter with the Pivot Point Calculator (PPC) by KhedrFx
Want to spot key price levels and make better trading decisions? The Pivot Point Calculator (PPC) by KhedrFx is your go-to TradingView tool for identifying potential support and resistance zones. Whether you’re a Scalper trader, day trader, swing trader, or long-term investor, this script helps you plan precise entries and exits with confidence.
🔹 How to Use Pivot Points in Trading
📊 Step 1: Identify Key Levels
The PPC automatically plots:
Pivot Point (P): The main level where sentiment shifts between bullish and bearish.
Support Levels (S1, S2, S3): Areas where price may bounce higher.
Resistance Levels (R1, R2, R3): Areas where price may face selling pressure.
These levels act as dynamic price zones, helping you anticipate potential market movements.
🔥 Step 2: Choose Your Trading Strategy
1️⃣ Breakout Trading
Buy when the price breaks above the pivot point (P) with strong momentum.
Sell when the price drops below the pivot point (P) with strong momentum.
Use R1, R2, or R3 as profit targets in an uptrend and S1, S2, or S3 in a downtrend.
2️⃣ Reversal (Bounce) Trading
Buy when the price pulls back to S1, S2, or S3 and shows bullish confirmation (e.g., candlestick patterns like a bullish engulfing or hammer).
Sell when the price rallies to R1, R2, or R3 and shows bearish confirmation (e.g., rejection wicks or a bearish engulfing pattern).
🎯 Step 3: Set Smart Stop-Loss & Take-Profit Levels
Stop-Loss: Place it slightly below support (for buy trades) or above resistance (for sell trades).
Take-Profit: Use the next pivot level as a target.
Extreme Zones: R3 and S3 often signal strong reversals or breakouts—watch them closely!
🚀 How to Get Started
1️⃣ Add the PPC script to your TradingView chart.
2️⃣ Choose a timeframe that fits your strategy (5m, 15m, 30m, 1H, 4H, Daily, or Weekly).
3️⃣ Use the pivot points and support/resistance levels to fine-tune your trade entries, exits, and risk management.
⚠️ Trade Responsibly
This tool helps you analyze the market, but it’s not a guarantee of profits. Always do your own research, manage risk, and trade with caution.
💡 Ready to take your trading to the next level? Try the Pivot Point Calculator (PPC) by KhedrFx and start trading with confidence today! 🚀
SMA Trend Filter Oscillator (Adaptive)The "SMA Trend Filter Oscillator (Adaptive)" indicator is a technical analysis tool that helps traders determine the direction and strength of a trend based on an adaptive Simple Moving Average (SMA). The oscillator calculates the difference between the closing price and the SMA value, allowing for the visualization of price deviation from the average and the assessment of current market dynamics.
Key Features of the Indicator:
Adaptation to Time Frame: The indicator automatically adjusts the SMA length based on the current time frame, making it versatile for use across different time intervals. For example:
Monthly Time Frame: SMA with a length of 50.
Weekly Time Frame: SMA with a length of 40.
Daily Time Frame: SMA with a length of 20.
Hourly Time Frame: SMA with a length of 10.
Intraday Time Frames: SMA with a length of 5 (for time frames up to 15 minutes) or 7 (for others).
SMA-Based Oscillator: The oscillator is calculated as the difference between the closing price and the SMA value. This allows:
Bullish Trend Identification: When the oscillator is above zero (price is above SMA).
Bearish Trend Identification: When the oscillator is below zero (price is below SMA).
Visualization: The oscillator is displayed as a histogram, where:
Green Color indicates a bullish trend.
Red Color indicates a bearish trend.
The Zero Line (Gray) serves as a reference for trend reversal.
How to Use the Indicator:
Trend Identification: If the oscillator is above zero and colored green, it signals a bullish trend. If it is below zero and colored red, it indicates a bearish trend.
Trend Strength: The larger the oscillator value (in either direction), the stronger the trend. Small oscillator values (close to zero) may indicate sideways movement or weak trend.
Entry and Exit Points:
Buy: When the oscillator crosses the zero line from below to above (transition from red to green).
Sell: When the oscillator crosses the zero line from above to below (transition from green to red).
Signal Filtering: Use the indicator in combination with other technical analysis tools (e.g., RSI, MACD, or support/resistance levels) to confirm signals.
Advantages of the Indicator:
Adaptability: Automatic adjustment of SMA length to the current time frame makes it versatile.
Simplicity: Intuitive histogram visualization allows for quick assessment of market conditions.
Flexibility: Can be used on any market (stocks, forex, cryptocurrencies) and time frame.
Limitations:
Lag: Like any SMA-based indicator, it can lag due to the use of average values.
False Signals: In sideways markets (flat), the indicator may generate false signals.
Risk Management:
Always set stop-losses and take-profits to minimize losses.
Test the indicator on historical data before using it on a live account.
The "SMA Trend Filter Oscillator (Adaptive)" is a powerful tool for traders seeking to quickly evaluate trends and their strength. Its adaptability and simplicity make it suitable for both novice and experienced traders.
Индикатор "SMA Trend Filter Oscillator (Adaptive)" — это инструмент технического анализа, который помогает трейдерам определять направление тренда и его силу на основе адаптивной скользящей средней (SMA). Осциллятор рассчитывает разницу между ценой закрытия и значением SMA, что позволяет визуализировать отклонение цены от среднего значения и оценивать текущую рыночную динамику.
Основные особенности индикатора:
Адаптация к таймфрейму
Индикатор автоматически подстраивает длину SMA в зависимости от текущего таймфрейма, что делает его универсальным для использования на различных временных интервалах. Например:
Месячный таймфрейм (Monthly): SMA с длиной 50.
Недельный таймфрейм (Weekly): SMA с длиной 40.
Дневной таймфрейм (Daily): SMA с длиной 20.
Часовой таймфрейм (Hourly): SMA с длиной 10.
Внутридневные таймфреймы (Intraday): SMA с длиной 5 (для таймфреймов до 15 минут) или 7 (для остальных).
Осциллятор на основе SMA
Осциллятор рассчитывается как разница между ценой закрытия и значением SMA. Это позволяет:
Определять бычий тренд, когда осциллятор выше нуля (цена выше SMA).
Определять медвежий тренд, когда осциллятор ниже нуля (цена ниже SMA).
Визуализация
Осциллятор отображается в виде гистограммы, где:
Зелёный цвет указывает на бычий тренд.
Красный цвет указывает на медвежий тренд.
Линия нуля (серая) служит ориентиром для определения смены тренда.
Как использовать индикатор:
Определение тренда
Если осциллятор находится выше нуля и окрашен в зелёный цвет, это сигнализирует о бычьем тренде.
Если осциллятор находится ниже нуля и окрашен в красный цвет, это указывает на медвежий тренд.
Сила тренда
Чем больше значение осциллятора (в положительную или отрицательную сторону), тем сильнее тренд.
Небольшие значения осциллятора (близкие к нулю) могут указывать на боковое движение или слабость тренда.
Точки входа и выхода
Покупка (Buy): Когда осциллятор пересекает нулевую линию снизу вверх (переход из красной зоны в зелёную).
Продажа (Sell): Когда осциллятор пересекает нулевую линию сверху вниз (переход из зелёной зоны в красную).
Фильтрация сигналов
Используйте индикатор в сочетании с другими инструментами технического анализа (например, RSI, MACD или уровнями поддержки/сопротивления) для подтверждения сигналов.
Преимущества индикатора:
Адаптивность: Автоматическая настройка длины SMA под текущий таймфрейм делает индикатор универсальным.
Простота: Интуитивно понятная визуализация в виде гистограммы позволяет быстро оценить рыночную ситуацию.
Гибкость: Может использоваться на любых рынках (акции, форекс, криптовалюты) и таймфреймах.
Ограничения:
Запаздывание: Как и любой индикатор на основе SMA, он может запаздывать из-за использования средних значений.
Ложные сигналы: В условиях бокового движения (флэта) индикатор может генерировать ложные сигналы.
Управление рисками: Всегда устанавливайте стоп-лоссы и тейк-профиты, чтобы минимизировать потери.
Тестирование: Перед использованием на реальном счёте протестируйте индикатор на исторических данных.
Индикатор "SMA Trend Filter Oscillator (Adaptive)" — это мощный инструмент для трейдеров, которые хотят быстро оценить тренд и его силу. Его адаптивность и простота делают его подходящим как для начинающих, так и для опытных трейдеров
Vortex Sniper Elite @DaviddTechVortex Sniper Elite @DaviddTech
Vortex Sniper Elite @DaviddTech is a comprehensive trading system designed to deliver high-probability trade setups across all market conditions. By seamlessly integrating adaptive baseline detection, squeeze momentum analysis, and advanced vortex filtering, this indicator provides traders with a complete edge-based approach to market analysis.
🔥 Key Features:
Complete Model Integration:
Baseline: Advanced McGinley Dynamic indicator for superior trend detection
Confirmation #1: Enhanced TTM Squeeze for momentum and volatility analysis
Confirmation #2: Dual Tether Line system for dynamic market structure mapping
Volatility Filter: Specialized Vortex indicator for precision entry timing
Adaptive Stop Loss: Proprietary trailing stop system based on ATR calculations
Advanced Visual Dashboard:
Real-time component analysis with strength metrics
Color-coded signal status for immediate trade assessment
Squeeze state monitoring with visual confirmation
Vortex divergence strength percentage for optimal entries
Premium Signal Detection:
Multi-timeframe compatible system for scaling strategies
Automated buy/sell signals at optimal entry points
Clear exit signals for risk management
Squeeze momentum visualization for timing precision
DaviddTech Alpha Edge System:
Gradient transparency algorithm for visual trend strength confirmation
Bar coloring system based on momentum direction
Background highlighting for active signal states
Dashboard for ease of understanding
💰 Trading Applications:
Sniper Entries: Utilize the Vortex confirmation to pinpoint precise entry points
Trend Alignment: McGinley baseline establishes the primary market direction
Volatility Awareness: TTM Squeeze identifies optimal market conditions
Risk Management: Set stops based on the adaptive trailing stop system
Position Management: Monitor dashboard metrics for changing market conditions
Vortex Sniper Elite @DaviddTech represents the culmination of the DaviddTech methodology in one cohesive system. Whether you're a day trader seeking precise entries or a swing trader looking for significant market moves, this indicator delivers the structured approach needed to consistently extract profits from any market condition.
DaviddTech Trading System Explained:
The DaviddTech methodology follows a strict component-based approach:
The Baseline establishes the primary trend direction, acting as your first filter
Confirmation Indicators validate potential trade setups only when aligned with the baseline
The Volatility/Volume Indicator ensures you only enter trades with sufficient directional momentum
A Trailing Stop System provides mathematically optimized exit points
Vortex Sniper Elite integrates all these components into a visually intuitive system that eliminates guesswork and enforces disciplined trading decisions.
Recommended Settings:
This indicator comes pre-configured with optimized parameters, but feel free to adjust based on your timeframe:
For day trading: Reduce Baseline and TTM lengths by 30-40%
For swing trading: Consider increasing Tether and Trail Stop lengths by 25-50%
For scalping: Focus on Vortex confirmation with shorter timeframes
Best Practices:
Wait for all components to align before entering trades
Use the dashboard to evaluate the strength of each signal
Monitor squeeze states for potential volatility expansion
Let the trailing stop system handle your exits
Backtest across multiple timeframes to find your optimal settings
ATR 3x Multiplier StrategyBeta version
Volatility and Candle Spikes in Trading
Volatility
Volatility refers to the degree of variation in the price of a financial asset over time. It measures how much the price fluctuates and is often associated with risk and uncertainty in the market. High volatility means larger price swings, while low volatility indicates more stable price movements.
Key aspects of volatility:
Measured using indicators like Average True Range (ATR), Bollinger Bands, and Implied Volatility (IV).
Influenced by factors such as market news, economic events, and liquidity.
Higher volatility increases both risk and potential profit opportunities.
Candle Spikes
A candle spike (or wick) refers to a sudden price movement that forms a long shadow or wick on a candlestick chart. These spikes can indicate strong buying or selling pressure, liquidity hunts, or stop-loss triggers.
Types of candle spikes:
Bullish Spike (Long Lower Wick): Indicates buyers rejected lower prices, pushing the price higher.
Bearish Spike (Long Upper Wick): Suggests sellers rejected higher prices, pushing the price lower.
Stop-Loss Hunt: Market makers may trigger stop-losses by creating artificial spikes before reversing the price.
News-Induced Spikes: Economic data releases or unexpected events can cause sudden price jumps.
Understanding volatility and candle spikes can help traders manage risk, spot entry/exit points, and avoid false breakouts. 🚀📈
MACD Volume Strategy for XAUUSD (15m) [PineIndicators]The MACD Volume Strategy is a momentum-based trading system designed for XAUUSD on the 15-minute timeframe. It integrates two key market indicators: the Moving Average Convergence Divergence (MACD) and a volume-based oscillator to identify strong trend shifts and confirm trade opportunities. This strategy uses dynamic position sizing, incorporates leverage customization, and applies structured entry and exit conditions to improve risk management.
⚙️ Core Strategy Components
1️⃣ Volume-Based Momentum Calculation
The strategy includes a custom volume oscillator to filter trade signals based on market activity. The oscillator is derived from the difference between short-term and long-term volume trends using Exponential Moving Averages (EMAs)
Short EMA (default = 5) represents recent volume activity.
Long EMA (default = 8) captures broader volume trends.
Positive values indicate rising volume, supporting momentum-based trades.
Negative values suggest weak market activity, reducing signal reliability.
By requiring positive oscillator values, the strategy ensures momentum confirmation before entering trades.
2️⃣ MACD Trend Confirmation
The strategy uses the MACD indicator as a trend filter. The MACD is calculated as:
Fast EMA (16-period) detects short-term price trends.
Slow EMA (26-period) smooths out price fluctuations to define the overall trend.
Signal Line (9-period EMA) helps identify crossovers, signaling potential trend shifts.
Histogram (MACD – Signal) visualizes trend strength.
The system generates trade signals based on MACD crossovers around the zero line, confirming bullish or bearish trend shifts.
📌 Trade Logic & Conditions
🔹 Long Entry Conditions
A buy signal is triggered when all the following conditions are met:
✅ MACD crosses above 0, signaling bullish momentum.
✅ Volume oscillator is positive, confirming increased trading activity.
✅ Current volume is at least 50% of the previous candle’s volume, ensuring market participation.
🔻 Short Entry Conditions
A sell signal is generated when:
✅ MACD crosses below 0, indicating bearish momentum.
✅ Volume oscillator is positive, ensuring market activity is sufficient.
✅ Current volume is less than 50% of the previous candle’s volume, showing decreasing participation.
This multi-factor approach filters out weak or false signals, ensuring that trades align with both momentum and volume dynamics.
📏 Position Sizing & Leverage
Dynamic Position Calculation:
Qty = strategy.equity × leverage / close price
Leverage: Customizable (default = 1x), allowing traders to adjust risk exposure.
Adaptive Sizing: The strategy scales position sizes based on account equity and market price.
Slippage & Commission: Built-in slippage (2 points) and commission (0.01%) settings provide realistic backtesting results.
This ensures efficient capital allocation, preventing overexposure in volatile conditions.
🎯 Trade Management & Exits
Take Profit & Stop Loss Mechanism
Each position includes predefined profit and loss targets:
Take Profit: +10% of risk amount.
Stop Loss: Fixed at 10,100 points.
The risk-reward ratio remains balanced, aiming for controlled drawdowns while maximizing trade potential.
Visual Trade Tracking
To improve trade analysis, the strategy includes:
📌 Trade Markers:
"Buy" label when a long position opens.
"Close" label when a position exits.
📌 Trade History Boxes:
Green for profitable trades.
Red for losing trades.
📌 Horizontal Trade Lines:
Shows entry and exit prices.
Helps identify trend movements over multiple trades.
This structured visualization allows traders to analyze past performance directly on the chart.
⚡ How to Use This Strategy
1️⃣ Apply the script to a XAUUSD (Gold) 15m chart in TradingView.
2️⃣ Adjust leverage settings as needed.
3️⃣ Enable backtesting to assess past performance.
4️⃣ Monitor volume and MACD conditions to understand trade triggers.
5️⃣ Use the visual trade markers to review historical performance.
The MACD Volume Strategy is designed for short-term trading, aiming to capture momentum-driven opportunities while filtering out weak signals using volume confirmation.
NSE Index Strategy with Entry/Exit MarkersExplanation of the Code
Trend Filter (200 SMA):
The line trendSMA = ta.sma(close, smaPeriod) calculates the 200‑period simple moving average. By trading only when the current price is above this SMA (inUptrend = close > trendSMA), we aim to trade in the direction of the dominant trend.
RSI Entry Signal:
The RSI is calculated with rsiValue = ta.rsi(close, rsiPeriod). The script checks for an RSI crossover above the oversold threshold using ta.crossover(rsiValue, rsiOversold). This helps capture a potential reversal from a minor pullback in an uptrend.
ATR-Based Exits:
ATR is computed by atrValue = ta.atr(atrPeriod) and is used to set the stop loss and take profit levels:
Stop Loss: stopLossPrice = close - atrMultiplier * atrValue
Take Profit: takeProfitPrice = close + atrMultiplier * atrValue
This dynamic approach allows the exit levels to adjust according to the current market volatility.
Risk and Money Management:
The strategy uses a fixed percentage of equity (10% by default) for each trade. The built‑in commission parameter helps simulate real-world trading costs.
EMA Crossover Backtest [BarScripts]This indicator lets you backtest an EMA crossover strategy with built-in risk management and trade tracking. It simulates long and short trades based on EMA crossovers, allowing you to fine-tune entry conditions, stop-loss placement, and reward/risk settings.
🔹 How It Works:
Long Entry: Fast EMA crosses above Slow EMA, and price closes above Fast EMA.
Short Entry: Fast EMA crosses below Slow EMA, and price closes below Fast EMA.
Stop Loss: Set based on previous bars or a fixed amount.
Take Profit: Adjustable reward/risk ratio.
Higher Timeframe Confluence: Confirms trades based on a larger timeframe.
Trade Hours Filter: Limits trades to specific time windows.
🔹 Key Features:
✅ Shows Entry & Exit Points with visual trade lines.
✅ Customizable EMA Lengths to fit any strategy.
✅ P&L Tracking & Statistics to measure performance.
✅ Position Sizing Options: Fixed position, fixed risk, or percentage of balance.
✅ Commissions Tracking (based on total trades, not contracts).
Use this tool to fine-tune your EMA crossover strategy and see how it performs over time! 🚀
💬 Let me know your feedback—suggest improvements, report issues, or request new features!
Advanced Multi-Timeframe Trading System (Risk Managed)Description:
This strategy is an original approach that combines two main analytical components to identify potential trade opportunities while simulating realistic trading conditions:
1. Market Trend Analysis via an Approximate Hurst Exponent
• What It Does:
The strategy computes a rough measure of market trending using an approximate Hurst exponent. A value above 0.5 suggests persistent, trending behavior, while a value below 0.5 indicates a tendency toward mean-reversion.
• How It’s Used:
The Hurst exponent is calculated on both the chart’s current timeframe and a higher timeframe (default: Daily) to capture both local and broader market dynamics.
2. Fibonacci Retracement Levels
• What It Does:
Using daily high and low data from a selected timeframe (default: Daily), the script computes key Fibonacci retracement levels.
• How It’s Used:
• The 61.8% level (Golden Ratio) serves as a key threshold:
• A long entry is signaled when the price crosses above this level if the daily Hurst exponent confirms a trending market.
• The 38.2% level is used to identify short-entry opportunities when the price crosses below it and the daily Hurst indicates non-trending conditions.
Signal Logic:
• Long Entry:
When the price crosses above the 61.8% Fibonacci level (Golden Ratio) and the daily Hurst exponent is greater than 0.5, suggesting a trending market.
• Short Entry:
When the price crosses below the 38.2% Fibonacci level and the daily Hurst exponent is less than 0.5, indicating a less trending or potentially reversing market.
Risk Management & Trade Execution:
• Stop-Loss:
Each trade is risk-managed with a stop-loss set at 2% below (for longs) or above (for shorts) the entry price. This ensures that no single trade risks more than a small, sustainable portion of the account.
• Take Profit:
A take profit order targets a risk-reward ratio of 1:2 (i.e., the target profit is twice the amount risked).
• Position Sizing:
Trades are executed with a fixed position size equal to 10% of account equity.
• Trade Frequency Limits:
• Daily Limit: A maximum of 5 trades per day
• Overall Limit: No more than 510 trades during the backtesting period (e.g., since 2019)
These limits are imposed to simulate realistic trading frequency and to avoid overtrading in backtest results.
Backtesting Parameters:
• Initial Capital: $10,000
• Commission: 0.1% per trade
• Slippage: 1 tick per bar
These settings aim to reflect the conditions faced by the average trader and help ensure that the backtesting results are realistic and not misleading.
Chart Overlays & Visual Aids:
• Fibonacci Levels:
The key Fibonacci retracement levels are plotted on the chart, and the zone between the 61.8% and 38.2% levels is highlighted to show a key retracement area.
• Market Trend Background:
The chart background is tinted green when the daily Hurst exponent indicates a trending market (value > 0.5) and red otherwise.
• Information Table:
An on-chart table displays key parameters such as the current Hurst exponent, daily Hurst value, the number of trades executed today, and the global trade count.
Disclaimer:
Past performance is not indicative of future results. This strategy is experimental and provided solely for educational purposes. It is essential that you backtest and paper trade using your own settings before considering any live deployment. The Hurst exponent calculation is an approximation and should be interpreted as a rough gauge of market behavior. Adjust the parameters and risk management settings according to your personal risk tolerance and market conditions.
Additional Notes:
• Originality & Usefulness:
This script is an original mashup that combines trend analysis with Fibonacci retracement methods. The description above explains how these components work together to provide trading signals.
• Realistic Results:
The strategy uses realistic account sizes, commission rates, slippage, and risk management rules to generate backtesting results that are representative of real-world trading.
• Educational Purpose:
This script is intended to support the TradingView community by offering insights into combining multiple analysis techniques in one strategy. It is not a “get-rich-quick” system but rather an educational tool to help traders understand risk management and trade signal logic.
By using this script, you acknowledge that trading involves risk and that you are responsible for testing and adjusting the strategy to fit your own trading environment. This publication is fully open source, and any modifications should include proper attribution if significant portions of the code are reused.
High-Probability IndicatorExplanation of the Code
Trend Filter (EMA):
A 50-period Exponential Moving Average (EMA) is used to determine the overall trend.
trendUp is true when the price is above the EMA.
trendDown is true when the price is below the EMA.
Momentum Filter (RSI):
A 14-period RSI is used to identify overbought and oversold conditions.
oversold is true when RSI ≤ 30.
overbought is true when RSI ≥ 70.
Volatility Filter (ATR):
A 14-period Average True Range (ATR) is used to measure volatility.
ATR is multiplied by a user-defined multiplier (default: 2.0) to set a volatility threshold.
Ensures trades are only taken during periods of sufficient volatility.
Entry Conditions:
Long Entry: Price is above the EMA (uptrend), RSI is oversold, and the candle range exceeds the ATR threshold.
Short Entry: Price is below the EMA (downtrend), RSI is overbought, and the candle range exceeds the ATR threshold.
Exit Conditions:
Take Profit: A fixed percentage above/below the entry price.
Stop Loss: A fixed percentage below/above the entry price.
Visualization:
The EMA is plotted on the chart.
Background colors highlight uptrends and downtrends.
Buy and sell signals are displayed as labels on the chart.
Alerts:
Alerts are triggered for buy and sell signals.
How to Use the Indicator
Trend Filter:
Only take trades in the direction of the trend (e.g., long in an uptrend, short in a downtrend).
Momentum Filter:
Look for oversold conditions in an uptrend for long entries.
Look for overbought conditions in a downtrend for short entries.
Volatility Filter:
Ensure the candle range exceeds the ATR threshold to avoid low-volatility trades.
Risk Management:
Use the built-in take profit and stop loss levels to manage risk.
Optimization Tips
Backtesting:
Test the indicator on multiple timeframes and assets to evaluate its performance.
Adjust the input parameters (e.g., EMA length, RSI length, ATR multiplier) to optimize for specific markets.
Combination with Other Strategies:
Add additional filters, such as volume analysis or support/resistance levels, to improve accuracy.
Risk Management:
Use proper position sizing and risk-reward ratios to maximize profitability.
Disclaimer
No indicator can guarantee an 85% win ratio due to the inherent unpredictability of financial markets. This script is provided for educational purposes only. Always conduct thorough backtesting and paper trading before using any strategy in live trading.
Let me know if you need further assistance or enhancements!
200 EMA Breakout & Retest Strategy200 EMA Breakout & Retest Strategy
This script is designed for traders who rely on the 200 EMA as a key indicator for trend direction and trade setups. The strategy identifies potential buy and sell opportunities based on breakouts and subsequent retests of the 200 EMA.
How It Works
EMA Breakout Detection:
The script monitors when the price crosses and closes above or below the 200 EMA.
No signal is generated immediately upon the breakout.
Retest Confirmation:
After the breakout, the price must retrace to touch the 200 EMA.
A valid signal occurs only when the price touches the EMA and the candle closes above (for buy) or below (for sell).
Trade Signal Generation:
Once the retest is confirmed:
A Buy Signal is generated if the price closes above the 200 EMA after the retest.
A Sell Signal is generated if the price closes below the 200 EMA after the retest.
The script calculates:
Stop Loss: Placed at the low of the candle for a buy signal and at the high of the candle for a sell signal.
Take Profit: Based on a customizable Risk-Reward Ratio (default is 1:2).
Visual Indicators:
The 200 EMA is plotted on the chart for reference.
Buy/Sell signals are displayed as labels on the chart.
Stop loss and take profit levels are drawn using dotted lines.
Customization Options
EMA Length: Adjustable (default is 200).
Risk-Reward Ratio: Customizable to suit different trading styles.
Who Is This For?
This strategy is ideal for traders who:
Prefer trading with the trend using EMA-based strategies.
Look for precise entry points with confirmation from retests.
Require automated calculation of risk-reward levels.
Snipe 1-Minute IntradayPurpose
This script demonstrates a simple intraday approach using RSI, EMAs, VWAP, and an optional volume filter. It plots visual buy (bullish) and sell (bearish) signals on the chart under certain conditions. You can use it as a starting point to explore or develop your own intraday strategies.
Key Features
1. VWAP (Volume Weighted Average Price)
Plots the built-in VWAP for additional context on intraday price action.
2. EMA Crossover
Uses two EMAs (fast and slow). A bullish signal triggers when the fast EMA is above the slow EMA, and a bearish signal triggers when the fast EMA is below the slow EMA.
3. RSI Momentum Filter
An RSI reading above 50 indicates bullish momentum; below 50 indicates bearish momentum.
4. Volume Filter (Optional)
Compares the current bar’s volume against the average volume (over a user-defined period). When enabled, signals only appear if the current volume exceeds the average.
5. Time Window (Optional)
Allows you to define a specific time window (e.g., the first hour of trading) for valid signals. You can enable or disable this filter and set your preferred time zone.
How the Signals Are Generated
• Bullish Signal
o Occurs when:
1. Price is above VWAP.
2. Fast EMA is above Slow EMA.
3. RSI is above 50.
4. (Optional) Current volume exceeds the average volume if the volume filter is enabled.
5. (Optional) The chart’s timestamp is within the specified session if the time filter is enabled.
A green triangle is plotted below the bar, and an optional background highlight is shown.
• Bearish Signal
Occurs when the conditions are inverted (price below VWAP, fast EMA below slow EMA, RSI below 50, volume filter and time window—if enabled—are satisfied).
A red triangle is plotted above the bar, and an optional background highlight is shown.
How to Use
1. Load on a 1-Minute Chart (Recommended)
This script is intended for intraday timeframes (specifically 1-minute). Feel free to experiment with other timeframes.
2. Adjust Inputs
You can modify the RSI length, EMA lengths, and volume lookback to suit your preferences or trading style.
If you prefer signals outside the default session hours, turn off “Use Time Filter for Signals?” or change the session window and time zone.
3. Enable or Disable Volume Filter
Turn this on if you only want signals during higher-than-average volume bars.
4. Combine with Other Analysis
This script can be used as a visual tool; however, it is not a complete trading system by itself. Consider additional technical or fundamental analysis to validate your trading decisions.
5. Risk Management
Always practice sound risk management. Setting appropriate stop-losses or using position sizing techniques can help manage potential losses.
Important Notes and Disclaimers
• Educational Only: This script is for demonstration and educational purposes and does not guarantee future results.
• No Financial Advice: Nothing here should be construed as financial or investment advice. Always do your own research and consider consulting a qualified financial professional.
• Test Before Using Live: If you plan to incorporate this script into a strategy, backtest it on historical data and consider forward-testing on a demo account.
• License: This code is subject to the Mozilla Public License 2.0.
100s Level LinesPurpose of the Script
- Visualize Key Levels: The script highlights round-number levels (e.g., 100, 200, 300) automatically, making it easy to identify areas where price action might react.
- Improve Decision-Making: These levels can serve as benchmarks for entry, exit, stop-loss, or take-profit placement.
- Simplicity: Instead of manually drawing levels, the script dynamically updates to match the chart's price range.
Features of the Script
- Dynamic Level Calculation: The script calculates 100s levels based on the asset's current price range and plots lines above and below the visible chart area.
- Customizable Settings: Adjust line color, style (solid, dashed, or dotted), and width to suit your charting preferences.
- Auto-Scaling: Automatically adjusts to the chart's visible price range, ensuring plotted levels are always relevant.
- Labeling: Each line can optionally display its exact value (e.g., "1400," "1500") for easy reference.
- Performance Optimization: Efficient calculations ensure the script doesn’t slow down TradingView, even on volatile instruments like the US100.
How the Script Works
- The script detects the highest and lowest visible prices on the chart to define the range.
- Starting from the lowest 100-point increment within the visible range, the script calculates all 100-point levels up to the highest visible price.
- It plots horizontal lines across the chart for each calculated level.
- Optionally, labels can be added to display the value of each level.
How to Use the Script
- Copy the script code into the Pine Script editor in TradingView and apply it to your chart.
- Open the script settings to adjust line color, style, width, and label visibility.
- Use the plotted 100s levels as psychological support and resistance zones for trade entries, exits, and stop-loss or take-profit placement.
Example Use Cases
- Identify potential reversal points as the price approaches a 100s level in intraday trading.
- Confirm support or resistance zones on higher timeframes for swing trading setups.
- Use the levels to trail stop-losses during trending markets and lock in profits incrementally.
Customizable Options
- Line Color: Change the color of the horizontal lines.
- Line Style: Choose solid, dashed, or dotted lines.
- Line Width: Adjust the thickness of the lines for better visibility.
- Show Labels: Toggle price values on or off for each level.
Advantages
- Saves Time: Automatically plots levels, eliminating manual effort.
- Adaptable: Works on all timeframes and assets.
- Psychological Relevance: Highlights levels that align with trader psychology and market behavior.
XAUUSD Trend Strategy### Description of the XAUUSD Trading Strategy with Pine Script
This strategy is designed to trade gold (**XAUUSD**) using proven technical analysis principles. It combines key indicators such as **Exponential Moving Averages (EMA)**, the **Relative Strength Index (RSI)**, and **Bollinger Bands** to identify trading opportunities in trending market conditions.
---
#### Objective:
To maximize profits by identifying trend-aligned entry points while minimizing risks through well-defined Stop Loss and Take Profit levels.
---
### How It Works
1. **Indicators Used:**
- **Exponential Moving Averages (EMA):** Tracks short-term and long-term trends to confirm market direction.
- **Relative Strength Index (RSI):** Detects overbought or oversold conditions for potential reversals or trend continuation.
- **Bollinger Bands:** Measures volatility to identify breakout or reversion points.
2. **Entry Rules:**
- **Long (Buy):** Triggered when:
- The short-term EMA crosses above the long-term EMA (bullish trend confirmation).
- RSI exits oversold territory (<30), signaling buying momentum.
- The price breaks above the upper Bollinger Band, indicating a strong trend.
- **Short (Sell):** Triggered when:
- The short-term EMA crosses below the long-term EMA (bearish trend confirmation).
- RSI exits overbought territory (>70), signaling selling momentum.
- The price breaks below the lower Bollinger Band, indicating a strong downtrend.
3. **Risk Management:**
- **Stop Loss:** Automatically calculated based on a percentage of equity risk (customizable via inputs).
- **Take Profit:** Defined using a risk-to-reward ratio, ensuring consistent profitability when trades succeed.
4. **Visualization:**
- The chart displays the EMAs, Bollinger Bands, and entry/exit points for clear analysis.
---
### Key Features:
- **Customizable Parameters:** You can adjust EMAs, RSI thresholds, Bollinger Band settings, and risk levels to suit your trading style.
- **Alerts:** Automatic alerts for potential trade setups.
- **Backtesting-Ready:** Easily test historical performance on TradingView.
---
This strategy is ideal for gold traders looking for a systematic, rule-based approach to trading trends with minimal emotional interference.
Zero-Lag MA Trend FollowingScript Name: Zero-Lag MA Trend Following Auto-Trading
Purpose and Unique Features:
This script is designed to implement a trend-following auto-trading strategy by combining the Zero-Lag Moving Average (ZLMA), Exponential Moving Average (EMA), and ATR Bands. To differentiate it from similar scripts, the following key aspects are emphasized:
Zero-Lag MA (ZLMA):
Responds quickly to price changes, minimizing lag compared to EMA.
Detects crossovers with EMA and generates Diamond Signals to indicate trend reversals.
ATR Bands:
Measures market volatility to set stop-loss levels.
Helps optimize entry points and manage risk effectively.
Diamond Signals:
A vital visual cue indicating the early stages of trend reversals.
Green diamonds signal an uptrend, while red diamonds signal a downtrend.
Each component plays a distinct role, working synergistically to enhance trend detection and risk management. This system doesn’t merely combine indicators but optimizes them for comprehensive trend-following and risk control.
Usage Instructions:
Entry Conditions:
Long Entry:
Enter when a green Diamond Signal appears (ZLMA crosses above EMA).
Short Entry:
Enter when a red Diamond Signal appears (ZLMA crosses below EMA).
Exit Conditions:
Stop Loss:
Set at the lower boundary of the ATR band for BUY or the upper boundary for SELL at entry.
Take Profit:
Automatically executed based on a 1:2 risk-reward ratio.
Account Size: ¥100,0000
Commissions and Slippage: Assumed commission of 90 pips per trade and slippage of 1 pip.
Risk per Trade: 10% of account equity (adjustable based on risk tolerance).
Improvements and Original Features:
While based on open-source code, this script incorporates the following critical enhancements:
Diamond Signals from ZLMA and EMA Integration:
Improves entry accuracy with a proprietary trend detection strategy.
ATR Bands Utilization:
Adds a volatility-based risk management function.
Optimized Visual Entry Signals:
Includes plotted triangles (▲, ▼) to clearly indicate trend-following entry points.
Credits:
This script builds upon indicators developed by ChartPrime, whose innovative approach and insights have enabled a more advanced trend-following strategy. We extend our gratitude for their foundational work.
Additionally, it integrates technical methods based on Zero-Lag Moving Average (ZLMA), EMA, and ATR Bands, leveraging insights from the trading community.
Chart Display Options:
The script offers options to toggle the visual signals (Diamond Signals, trend lines, and entry points) on or off, keeping the chart clean while maximizing analytical efficiency.
Disclaimer:
This script is provided for educational purposes and past performance does not guarantee future results.
Use it responsibly with proper risk management.
Honest Volatility Grid [Honestcowboy]The Honest Volatility Grid is an attempt at creating a robust grid trading strategy but without standard levels.
Normal grid systems use price levels like 1.01;1.02;1.03;1.04... and place an order at each of these levels. In this program instead we create a grid using keltner channels using a long term moving average.
🟦 IS THIS EVEN USEFUL?
The idea is to have a more fluid style of trading where levels expand and follow price and do not stick to precreated levels. This however also makes each closed trade different instead of using fixed take profit levels. In this strategy a take profit level can even be a loss. It is useful as a strategy because it works in a different way than most strategies, making it a good tool to diversify a portfolio of trading strategies.
🟦 STRATEGY
There are 10 levels below the moving average and 10 above the moving average. For each side of the moving average the strategy uses 1 to 3 orders maximum (3 shorts at top, 3 longs at bottom). For instance you buy at level 2 below moving average and you increase position size when level 6 is reached (a cheaper price) in order to spread risks.
By default the strategy exits all trades when the moving average is reached, this makes it a mean reversion strategy. It is specifically designed for the forex market as these in my experience exhibit a lot of ranging behaviour on all the timeframes below daily.
There is also a stop loss at the outer band by default, in case price moves too far from the mean.
What are the risks?
In case price decides to stay below the moving average and never reaches the outer band one trade can create a very substantial loss, as the bands will keep following price and are not at a fixed level.
Explanation of default parameters
By default the strategy uses a starting capital of 25000$, this is realistic for retail traders.
Lot sizes at each level are set to minimum lot size 0.01, there is no reason for the default to be risky, if you want to risk more or increase equity curve increase the number at your own risk.
Slippage set to 20 points: that's a normal 2 pip slippage you will find on brokers.
Fill limit assumtion 20 points: so it takes 2 pips to confirm a fill, normal forex spread.
Commission is set to 0.00005 per contract: this means that for each contract traded there is a 5$ or whatever base currency pair has as commission. The number is set to 0.00005 because pinescript does not know that 1 contract is 100000 units. So we divide the number by 100000 to get a realistic commission.
The script will also multiply lot size by 100000 because pinescript does not know that lots are 100000 units in forex.
Extra safety limit
Normally the script uses strategy.exit() to exit trades at TP or SL. But because these are created 1 bar after a limit or stop order is filled in pinescript. There are strategy.orders set at the outer boundaries of the script to hedge against that risk. These get deleted bar after the first order is filled. Purely to counteract news bars or huge spikes in price messing up backtest.
🟦 VISUAL GOODIES
I've added a market profile feature to the edge of the grid. This so you can see in which grid zone market has been the most over X bars in the past. Some traders may wish to only turn on the strategy whenever the market profile displays specific characteristics (ranging market for instance).
These simply count how many times a high, low, or close price has been in each zone for X bars in the past. it's these purple boxes at the right side of the chart.
🟦 Script can be fully automated to MT5
There are risk settings in lot sizes or % for alerts and symbol settings provided at the bottom of the indicator. The script will send alert to MT5 broker trying to mimic the execution that happens on tradingview. There are always delays when using a bridge to MT5 broker and there could be errors so be mindful of that. This script sends alerts in format so they can be read by tradingview.to which is a bridge between the platforms.
Use the all alert function calls feature when setting up alerts and make sure you provide the right webhook if you want to use this approach.
Almost every setting in this indicator has a tooltip added to it. So if any setting is not clear hover over the (?) icon on the right of the setting.
Pavan CPR Strategy Pavan CPR Strategy (Pine Script)
The Pavan CPR Strategy is a trading system based on the Central Pivot Range (CPR), designed to identify price breakouts and generate long trade signals. This strategy uses key CPR levels (Pivot, Top CPR, and Bottom CPR) calculated from the daily high, low, and close to inform trade decisions. Here's an overview of how the strategy works:
Key Components:
CPR Calculation:
The strategy calculates three critical CPR levels for each trading day:
Pivot (P): The central value, calculated as the average of the high, low, and close prices.
Top Central Pivot (TC): The midpoint of the daily high and low, acting as the resistance level.
Bottom Central Pivot (BC): Derived from the pivot and the top CPR, providing a support level.
The script uses request.security to fetch these CPR values from the daily timeframe, even when applied on intraday charts.
Trade Entry Condition:
A long position is initiated when:
The current price crosses above the Top CPR level (TC).
The previous close was below the Top CPR level, signaling a breakout above a key resistance level.
This condition aims to capture upward momentum as the price breaks above a significant level.
Exit Strategy:
Take Profit: The position is closed with a profit target set 50 points above the entry price.
Stop Loss: A stop loss is placed at the Pivot level to protect against unfavorable price movements.
Visual Reference:
The script plots the three CPR levels on the chart:
Pivot: Blue line.
Top CPR (TC): Green line.
Bottom CPR (BC): Red line.
These plotted levels provide visual guidance for identifying potential support and resistance zones.
Use Case:
The Pavan CPR Strategy is ideal for intraday traders who want to capitalize on price movements and breakouts above critical CPR levels. It provides clear entry and exit signals based on price action and is best used in conjunction with proper risk management.
Note: The strategy is written in Pine Script v5 for use on TradingView, and it is recommended to backtest and optimize it for the asset or market you are trading.
Manoj Personal EMA 5-203 EMA Trading Strategy Script Overview:
EMAs Used:
5 EMA: Short-term moving average.
20 EMA: Medium-term moving average.
564 EMA: Long-term moving average to identify overall trend direction.
Entry Signals:
Strong Buy: Triggered when:
Price is above the 564 EMA (uptrend).
The 5 EMA crosses above the 20 EMA (bullish crossover).
The current candle is green (close > open).
Strong Sell: Triggered when:
Price is below the 564 EMA (downtrend).
The 5 EMA crosses below the 20 EMA (bearish crossover).
The current candle is red (close < open).
Exit Signal:
Position is closed when the price touches back to the 564 EMA (either side, up or down):
A "Close Position" label is shown in green for long trades.
A "Close Position" label is shown in red for short trades.
Risk Management:
Stop-Loss: Placed at the last swing low (for longs) or last swing high (for shorts), calculated over the last 10 bars.
Take-Profit: A 1:3 risk/reward ratio is used, where the potential reward is three times the risk.
Alerts:
Alerts are triggered for buy and sell signals.
Alerts are also triggered when the exit condition (price touching the 564 EMA) is met.
This script is designed to work on timeframes of 15 minutes or higher but can also be used for 5-minute scalping. It plots the EMAs on the chart, highlights buy/sell opportunities, shows stop-loss and take-profit levels, and generates alerts for key signals.
E9 Shark-32 PatternUnderstanding the Shark-32 Pattern and its Trading Applications
The Shark-32 Pattern is a bearish technical trading formation used to predict market reversals or trend continuations. It highlights a downward move followed by a corrective rally, signaling a potential resumption of the downtrend. Here’s a breakdown of how it works:
What is the Shark-32 Pattern?
The Shark-32 pattern is a five-wave structure typically observed in bearish markets:
Wave 0 to X: A significant price decline starts the pattern.
Wave X to A: A correction pushes the price slightly upward.
Wave A to B: The price drops again but doesn’t reach the initial low.
Wave B to C: A final sharp decline concludes the pattern.
Once Wave C is formed, it suggests that the market will continue to move downward, presenting a potential selling or shorting opportunity.
Using the Pattern in Trading
This pattern is valuable for traders seeking high-probability bearish setups. The goal is to capitalize on the continuation of a downtrend following the corrective rally (X to A). Identifying the Shark-32 pattern helps anticipate the next wave of selling pressure.
Trading Setup
Identify a Shark-32 pattern.
If the price closes above the pattern's high, buy at the open the next day.
If the price closes below the pattern's low, short at the open the next day.
Sell/cover when the price moves 7% in the direction of the breakout.
Close the trade for a loss if the price moves 7% in the opposite direction.
For example, in a bull market after an upward breakout from a Shark-32, the net gain was $69.55. The method won 56% of the time with 5,218 winning trades and an average gain of $714.07. Conversely, 44% of trades were losers, with an average loss of $747.33. The average holding period was 26 calendar days.
The gains and losses were closely aligned with the 7% threshold set for this test.
Key Target Levels
To enhance the strategy, use dotted projection lines as target levels:
Upper Target: Drawn above the high of the corrective rally (Wave A). If the price breaks above this line, it may signal further upward movement, indicating a potentially weaker downtrend.
Lower Target: Positioned below the low of Wave C, providing a target for bearish trades.
These lines help determine future price targets and assist in setting take-profit or stop-loss levels.
Trading the Breakout
Look for breakouts once the Shark-32 pattern is identified:
Upward Breakout: If the price closes above the green line (high from two bars ago), it indicates a potential reversal to the upside.
Downward Breakout: If the price breaks below the red line (low from two bars ago), it confirms the bearish continuation.
Breakouts allow traders to adjust their positions based on market shifts.
Trading Tips
Continuation: The Shark-32 pattern acts as a continuation 60% of the time, confirming the ongoing trend.
Breakout Confirmation: Wait for the price to close above or below the pattern’s key levels before entering a trade.
Trade with the Trend: Since the Shark-32 is a continuation pattern, expect the breakout to align with the inbound price trend.
Symmetry: Patterns with symmetry often perform better. For more insights, refer to detailed trading literature.
Half-Staff: The Shark-32 can form midway in a trend, similar to flags and pennants.
Shark-32: Trading Performance
Based on an analysis of 23,369 trades, the following performance metrics were observed:
Bull Market with Upward Breakout: The average net profit was $69.55. This method won 56% of the time, with winning trades averaging $714.07. Losing trades, which constituted 44% of the total, had an average loss of $747.33. The average holding period was 26 calendar days.
Bull Market with Downward Breakout: The average net loss was $(76.36). This method won 43% of the time, with winning trades averaging $753.56. Losing trades, which constituted 57% of the total, had an average loss of $706.32. The average holding period was 23 calendar days.
Bear Market with Upward Breakout: The average net loss was $(89.13). This method won 46% of the time, with winning trades averaging $710.77. Losing trades, which constituted 54% of the total, had an average loss of $756.97. The average holding period was 16 calendar days.
Bear Market with Downward Breakout: The average net profit was $65.17. This method won 52% of the time, with winning trades averaging $781.62. Losing trades, which constituted 48% of the total, had an average loss of $722.41. The average holding period was 13 calendar days.
RSI ProfitGuard [CHE]The RSI ProfitGuard Indicator is a comprehensive tool designed to assist traders in making informed decisions by integrating the Relative Strength Index (RSI) with automated Take Profit (TP) and Stop Loss (SL) levels. This indicator enhances trading strategies by providing clear entry signals and risk management parameters.
Key Features
RSIBased Signals: Utilizes RSI crossovers and crossunders to generate trade signals.
Automated TP and SL: Automatically calculates and plots Take Profit and Stop Loss levels based on userdefined methods.
Customizable Trade Types: Supports Long trades, Short trades, or both simultaneously.
Flexible Calculation Methods: Choose between Percentagebased or ATRbased methods for determining TP and SL levels.
Visual Enhancements: Highlights overbought and oversold RSI regions with background colors and marks trade entries with arrows.
Alerts: Provides realtime alerts when TP or SL levels are reached, ensuring timely trade management.
How It Works
1. RSI Calculation: The indicator calculates the RSI value based on the specified length.
2. Trade Signals:
Long Entry: Triggered when RSI crosses above the defined crossover threshold.
Short Entry: Triggered when RSI crosses below the defined crossunder threshold.
3. TP/SL Level Determination:
Percentage Method: Sets TP and SL as a percentage above and below the entry price.
ATR Method: Sets TP and SL based on the Average True Range (ATR), allowing for dynamic adjustments based on market volatility.
4. Visualization: Draws lines and labels on the chart to indicate TP, SL, and entry points.
5. Trade Management: Monitors price movements to determine if TP or SL levels are hit, automatically managing the trade state.
Customization Options
Trade Type Selection: Choose to execute Long trades, Short trades, or both.
RSI Settings:
RSI Length: Defines the period for RSI calculation (default is 14).
Crossover Threshold: RSI level above which a Long entry is signaled (default is 65).
Crossunder Threshold: RSI level below which a Short entry is signaled (default is 35).
Delay Settings: Sets the minimum number of bars between consecutive trade signals to avoid overtrading.
TP/SL Settings:
Method Selection: Choose between Percentage or ATRbased calculations.
Percentage Values: Define the percentage for TP and SL levels.
ATR Settings: Define ATR length and multipliers for TP and SL when using the ATR method.
Visual Settings:
Line Colors and Styles: Customize the appearance of TP, SL, crossover, and crossunder lines.
Transparency: Adjust the transparency of lines for better chart visibility.
Label Offset: Position labels at a specified number of bars to the right for clarity.
Using the Indicator
1. Add to Chart: Apply the RSI ProfitGuard Indicator to your TradingView chart.
2. Configure Settings: Adjust the parameters according to your trading strategy and risk tolerance.
3. Interpret Signals:
Long Entries: Look for green upward arrows indicating potential buy opportunities.
Short Entries: Look for red downward arrows indicating potential sell opportunities.
4. Monitor TP and SL Levels: Observe the plotted lines and labels to manage your trades effectively.
5. Set Up Alerts: Enable alerts to receive notifications when TP or SL levels are reached, ensuring you can act promptly.
Benefits
Enhanced DecisionMaking: Combines RSI signals with clear risk management levels.
Time Efficiency: Automates the calculation and plotting of TP and SL, saving time and reducing manual errors.
Flexibility: Adapts to various trading styles and market conditions through customizable settings.
Risk Management: Helps in defining and adhering to risk parameters, essential for longterm trading success.
Conclusion
The RSI ProfitGuard Indicator is an invaluable tool for traders seeking to integrate technical analysis with automated risk management. Its customizable features and realtime alerts provide a robust framework for executing and managing trades with confidence.
Disclaimer
The content provided with our RSI ProfitGuard Indicator, including all code, scripts, lessons, and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell, or an offer of any financial product or service.
Key Points:
Educational Purpose:
All strategies, tools, and examples included within the RSI ProfitGuard Indicator are provided solely for illustrative purposes. They are designed to demonstrate coding techniques and the functionality of Pine Script within a trading context.
No Financial Advice:
The RSI ProfitGuard Indicator does not constitute financial advice. Users should not rely on it as a basis for making investment or trading decisions.
Hypothetical Results:
Any results or performance metrics derived from using the RSI ProfitGuard Indicator are purely hypothetical. Past performance is not indicative of future results, and there is no guarantee of profitability.
Risk Disclosure:
Trading and investing involve significant risks, including the potential loss of principal. The RSI ProfitGuard Indicator is not suitable for all persons, and users should be aware of the inherent risks involved in trading.
Professional Consultation:
Before making any trading decisions, it is strongly recommended to consult with a qualified financial professional to fully understand the risks and ensure that such decisions align with your financial situation and goals.
User Responsibility:
By using the RSI ProfitGuard Indicator, you acknowledge and agree that all trading decisions are made solely at your own discretion and risk. The developers and providers of the RSI ProfitGuard Indicator assume no responsibility or liability for any losses or damages resulting from its use.
Additional Notes:
No Guarantees:
There are no guarantees regarding the accuracy, reliability, or completeness of the RSI ProfitGuard Indicator. Users utilize the tool at their own risk.
No Endorsement:
Any mention of third-party products, services, or strategies within the RSI ProfitGuard Indicator does not constitute an endorsement or recommendation.
Updates and Modifications:
The RSI ProfitGuard Indicator may be updated or modified over time. Users are responsible for staying informed about any changes and understanding how they may impact the use of the tool.
Summary
This disclaimer clearly states that the RSI ProfitGuard Indicator is intended for educational purposes and should not be used as financial advice. It highlights the risks associated with trading, the hypothetical nature of any results, and the importance of consulting with a financial professional. Additionally, it emphasizes that users are solely responsible for their trading decisions and any outcomes that result from using the indicator.
Tips for Implementation:
Visibility:
Ensure that this disclaimer is prominently displayed wherever the RSI ProfitGuard Indicator is offered, such as on your website, within the TradingView description, or in any accompanying documentation.
Clarity:
Use clear and concise language to make sure that all users understand the limitations and responsibilities associated with using the indicator.
Legal Review:
Consider having the disclaimer reviewed by a legal professional to ensure that it meets all necessary legal requirements and adequately protects your interests.
Regular Updates:
Periodically review and update the disclaimer to reflect any changes in the indicator's functionality or in relevant laws and regulations.
