Chews Opening Range Breakout - FibonacciVisual tool for taking a Fibonacci retracement-backed opening range breakout.
How it works:
Short a first red candle. Long a first green candle.
You decide which Fibonacci % you prefer your stop loss to be, the plot and label will represent your decision.
Fibonacci logic is close --> open.
Recommendations:
Use a lower time frame interval like 3m.
Extra Notes:
On higher priced stocks, you may see some discrepancy (~$0.1!) when plotting a Fibonacci Retracement compared to the suggested stop loss.
Since this discrepancy happens on inherently more volatile stocks, I have chosen to neglect the discrepancy instead of going for point perfect stop loss exits.
Realistically, it won't matter unless you get very unlucky.
Fibonacci drawing is not a feature of what this indicator plots. It's there for reference, but I can add if requested.
I drafted this simple code to help me visualize automating this strategy.
"That's spoicy!"
ToDo: Add an optional two-sided ORB. Higher chance of success since it is meant for reversals.
Cerca negli script per "stop loss"
X48 - Strategy | MA Type Cross + TPSL | Future&Spot | V.2Thank You For Open Source Code, This Strategy Ref. By 1.Simple Strategy Like MA Crossover For Long/Short or Spot Trade, 2. CDC Action Zone V.2 for BarPaint
This Strategy Mixing With MA Crossover Strategy and BarPaint By CDC Action Zone and TP/SL by Varbara
### How To Use Strategy : Setting EMA/SMA Crossover EMA/SMA, Any Value If You Want
For Long Position : Cross Up
For Short Position : Cross Down
Can Use With Spot Trade : Cross Up = Buy, Cross Down = Sell
TP/SL When Your OrderSize Change From any % Of Your TP/SL Value
### In Strategy Setting
Intitial Capital = Ex. 200
Order Size = Should Be Money Management Not Use 100% of Capital Ex. 10% of Capital (200$) = Order Size 20$
StopLoss and Take Profit = If You Run Trend TF 4H+ or 1D+ You Can Change TP% = 1,000% for nonlimit and Stop Loss 5 - 20% from your order size
Ex. Stoploss 15% = OrderSize / 100 x %SL = 20$/100 x 15% = 3$ Loss from order size 20$ (if you not set stop loss.)
Base Currency = (Your Currency) # Ex. USD
Commission = (Your Trading Fee) # Ex. Future Fee Can Check At Binance Fee Rate > www.binance.com > Choose Your Fee Type, Ex. USD M Future (Regular User) = 0.02 (Maker), 0.04 (Taker)
Commission Symbol Type = % # (Ref. By Binance Fee Rate)
### Notice ####
Default Setting It's Realistic From Normal Life Ex. Capital 200$ / Ordersize 20$ (10%)/ Commission 0.1% (Buy+Sell) / Slippage = 2 / TP = 1000% (nonlimit) / SL = 15%/OrderSize
Low Risk But High Return, Good Luck
### Bot Auto Trade by X4815162342 ###
if you wanna try my bot auto trade X48-3in1-bot : Contact My Line ID : x4815x
Full Command Alert For This Strategy If You Wanna See It's
'{"ex":"'+markettype+'","side": "'+longcommand+'", "amount": "@{{strategy.order.contracts}}", "symbol": "{{ticker}}", "passphrase": "'+passphrase+'","leverage":"'+str.tostring(leveragex)+'"}'
'{"ex":"'+markettype+'","side": "'+shortcommand+'", "amount": "@{{strategy.order.contracts}}", "symbol": "{{ticker}}", "passphrase": "'+passphrase+'","leverage":"'+str.tostring(leveragex)+'"}'
But Easy Than Full Command Just Use Thisssssss !! Strategy Be Manage Auto Long and Short or TPSL Position
You Don't Do Anything Just Use This Message to Alerts Message
{{strategy.order.alert_message}}
### If you don't use bot but just looking for strategy test ####
Just Pass Bot Setting Function It's Nothing Effect For Strategy !!!!!!
Let's Enjoy With Your Strategy BackTest 😁
Remember Beware Max drawdown%. I'm Recommend Lower Than 10% It's Very Good.
SL and TP - ATRThis indicator is using ATR ( Average True Range ) to set the Target point and Stop loss.
Use the pink number as target, always.
If you are in Long position, use the green number as stop loss, so the red number is not useful in Buys.
If you are in Short position, use the Red number as stop loss, so the green number is not useful in Sells.
** Need to enter the numbers in ticks --> VERY IMPORTANT: Write it completely, even the numbers after the point sign but DO NOT WRITE the point sign itself. e.g. : if the target tick on indicator is 123.75, you have to write 12375 ticks for your TP. ( one more example: If the number is 0.0001203 , write 1203 ticks. )
Enter the information of the opening candle.
Most of the times, risk/reward ratio is a bit higher than 1.
Works on multi timeframes. P.S: Haven't checked the weekly timeframe.
Not trying to oversell the indicator, but this is perhaps the best TP/SL specifier.
For beauty purposes, change (Sl @ buy) and (TP @ sell) to histograms.
Histograms are only for visual purposes. Customize the indicator as you want :)) Hope you enjoy
3 Indicator Strategy (StochRSI, MFI & EMA) With Safety OrdersThis strategy uses Stochastic RSI, Money Flow Index and EMA with settings for lower time-frames.
It also features safety orders based on 3 different take profit and stop loss methods.
Recommended Indicator Settings for lower time-frames;
Stoch RSI: 1,1,100,100
MFI: 30
EMA: 100
Take Profit/Stop Loss Settings:
There are 3 TP/SL types available;
- Pips -> based on minticks
- Base Value -> manually entering a value for the actual profit/loss.
- Opposite Signal -> e.g. if the current open order is long, strategy waits for the next short signal.
ATR Bands with QQE [LM]Hello traders,
I would like to present you ATR Bands with QQE. This indicator is different than my other indicators I used QQE oscillator as an entry indicator, and atr bands I have used as an exit indicator.
You can see 2 set of bands with different multiplicator, first is used as first target profit, stop loss and second as a second target
There are two modes that takes, first is static mode that gives you lines with 1st, 2nd target profit and in red color stop loss.
Second mode has static first target and trailing stop loss
Settings:
Genreal settings - basic setting of source for atr bands, line settings,
First atr bands setting
Second atr bands setting
QQE settings
Cheers,
Lukas
3Commas Visible DCA StrategyThis strategy consists of the following elements and can all be set by the user.
1. Entry by moving average cross.
1) Selection of moving average line.
- SMA(Simple Moving Average)
- EMA(Exponential Moving Average)
- HMA(Hull Moving Average)
2) Selection of Cross over / Cross under
2. Add Entry by DCA(Dollar Cost Averaging)
- A DCA strategy is the practice of investing into a currency at preset intervals to reduce the entry price of a position over time and mitigate volatility risk.
For example,
Base Order = 10 Dollar at Price 100%
Safety Order1 = 20 Dollar at Price 90%
Safety Order2 = 40 Dollar at Price 80%
Average Price => Price 80~90%
thereby getting a better average price for your position and greatly reducing risks from the consequences of volatility.
3. Target Price and Stop Loss.
1) Target Price : Realize profits at % set from the average unit price.
2) Stop Loss : Stop Loss % set from the last safety order.
You can easily find out what's related by changing the setting value after setting the strategy.
This strategy has the following Good characteristics.
1. It informs you of the assets required according to DCA settings.
If you are short of assets, a warning sign will appear.
2. Amount of assets invested in each long entry and long entry close.
3. Visibility of the lowest purchase price line and DCA purchase location according to DCA setting.
easily check the values set in the backtest.
I hope it will help you. Thank you.
MacD Short and/or Long with Bi-Directional TP and SL This tool allows you to test any variable value for MacD and Signal for going Long or Short with each market direction having customizable values for stop loss and take profit.
For example, sometimes the MacD and Signal values are better with different lengths between Short and Long. You can use this tool to see them overlaid and determine the best settings for going one direction or the other.
This script was preset for use with XBTUSD on the 4 hour time frame. Another example with this in mind, is take profits and stop losses might not work in the Long market direction but going Short does! Without this tool that would be hard to see since typically stop loss and take profit is applied to both directions. I found with this tool that a 20% take profit seems to be a good sweet spot for going short with this strategy.
You can customize which MacD histogram you see by going to the style section and turning off the Short or Long parameters so you can see only 1 histogram at a time if you wish.
If you have any questions, please PM me.
Trend Strategy by zdmreThis Strategy is a trend following indicator. It is plotted on price and the current trend can be determined by its placement vis-a-vis price. It is constructed with just three parameters: Period, Multiplier and Entry/Exit Point with Superformula.
The default parameters are 14 for Average True Range (ATR) and 4 for its multiplier. The average true range (ATR) plays a key role in ‘Trend’ as the indicator uses ATR to compute its value and it signals the degree of price volatility. You should note that any changes to these numbers can affect the use of the Trend indicator.
While you using this indicator, you should not avoid putting your stop loss.
For a long position, you can put stop loss right at the red indicator line. For a short position, you can put it at the green indicator line. You can insert your own settings as well.
Using Trend Strategy along with a stop loss pattern is the best way for earning the best wealth in trading.
There is no best setting for any trading indicator.
EMA pullback strategyA solid EMA pullback strategy for cryptos 15 min chart that uses EMA crossing as signal and pullback as stop loss.
EMA1: shortest period for finding crossing (I find period = 33 profitable for BTCUSD, you can adjust it for other cryptos)
EMA2: 5x period of EMA1, for filtering out some trend reversals
EMA3: 11x period of EMA1, for determining trend direction
Rules are:
Long:
close price > EMA3
EMA1 > EMA3
close price pullbacks below EMA1 and then crosses up EMA1, enter at the first close price above EMA1
lowest pullback close price < EMA2 at the cross up
Short:
close price < EMA3
EMA1 < EMA3
close price pullbacks above EMA1 and then crosses down EMA1, enter at the first close price below EMA1
highest pullback close price > EMA2 at the cross down
Stop-loss at lowest/highest pullback price for long/short
Take profit = 2x stop-loss
Risk management: risk range can be set in the inspector. If the risk is lower than the range, the trade is not taken. if the risk is higher than the range, the position size is adjusted to keep the risk within range.
Intraday FOREX london scalperThis forex System is only for ECN Broker Account.
Pairs: Major with spread < 0.0001 (EUR/USD).
Setup:
Wait for the market to make to 60 minute from the open.
If the market is near the intraday high be prepared to go short
If the market is near an intraday low for the same time period, then be prepared to go long.
Rules for entry
For sell setups: Enter on sell stop 1 pip from low of the last 15 min bar.
For buy setups: Enter in buy stop 1 pip from high of the last 15-minute bars.
Rules for exit
Take profit: Close out positions on 6 pips profit..
Stop Loss: Close out on 5 pips loss or if trade takes more than 1 minute.
8 Whittle DownThe system is designed to short on directionally negative instruments like VXX & SQQQ
The system only shorts, no longs
It enters a pilot position if the system has no trades open at the time is in the late afternoon
It uses a 200-day moving average as a filter and will only short if the price is below the 200 day moving average
The pilot position will only enter with 1/3 ( one third ) of the total expected position size
StopLossPerc sets the stop loss, (1.15) means it is set to a 15% stop loss. -- The Red Line
The system will buy additional shares for a full position if the pilot piston profit target was not reached
The full shares position is set to purchase at a higher price. T2EntTrgPerc sets the buy percentage target for the additional shares. -- The Yellow Line
Each entry has different settable profit targets. T1ProfTrgPerc sets the profit target for the first trade (0.95) is basically set to a 5% profit.
T2ProfTrgPerc sets the profit target for the second trade (0.90) is basically set to a 10% profit. -- The White Line
RED LINE == STOP LOSS LINE
GREENLINE == PROFIT TARGET FOR THE 1ST TRADE
YELLOW LINE == ADD ON SHARES TO THE TRADE
WHITE LINE == PROFIT TARGET FOR THE 1st & 2nd TRADE COMBINED
Let me know if you have any questions and I'll try to clarify
Scalping Screener - 15minSCALPING SCREENER - 15 mins (Indicator Tool)
TIME FRAME to use - 15 mins
DURATION OF TRADE - Using this indicator, Trade must be taken only during market hours and must be closed before market close (must not be carried forrward for next day).
SCALPING - This is a scalping strategy that is intended to make small profits in intraday trading
ENTRY CONCEPT -
- There must be 2 bulish candles and the 2nd candle's high should be greater than first candle's high.
- And If the latest candle high breaks high of the 2nd candle (prev candle), BUY signal is generated.
- Additional filters are added to reduce non-performaing trades.
- visa versa for SHORT signal
EXIT CONCEPT -
- 2nd candles low is the stop loss.
- Difference between 2nd candle high and 2nd candle low is target.
- The script will indicate when to BUY / SHORT and when to EXIT the trade.
INSTRUMENTS TO TRADE -
- High volatility instruments are best to be traded
- Nifty 50 stocks have been added to this indicator for the sake of screener. User can change these stocks with high volatility ones
- There is a limitation to add upto 40 scripts.
SCREENER FUNCTION -
- Right side of the chart has screener section which shows the list of stocks that qualify as per the BUY / SELL signal
NOTE -
The purpose of the scipt is for self learning / improvement and analysis.
Trading is a risky business and a trader must take any trade at their own RISK.
The author shall not be held responsible for Losses / Profits
VR-MASTThis is a my script for a super simple trading strategy - ZEST.
Identify Zone of Value, Enter on pullback, place proper Stop Loss and set achievable Targets.
So, to identify Zone of Value, I have EMA in my script.
20EMA generally acts as a dynamic Support/Resistance zone.
For Buy Stop Loss, we have 1ATR below Swing Low.
Then, we have SuperTrend for Trailing Stop Loss.
TradingView Alerts to MT4 MT5 - Forex, indices, commoditiesHowdy Algo-Traders! This example script has been created for educational purposes - to present how to use and automatically execute TradingView Alerts on real markets.
I'm posting this script today for a reason. TradingView has just released a new feature of the PineScript language - ALERT() function. Why is it important? It is finally possible to set alerts inside PineScript strategy-type script, without the need to convert the script into study-type. You may say triggering alerts straight from strategies was possible in PineScript before (since June 2020), but it had its limitations. Starting today you can attach alert to any custom event you might want to include in your PineScript code.
With the new feature, it is easier not only to execute strategies, but to maintain codebase - having to update 2 versions of the code with each single modification was... ahem... inconvenient. Moreover, the need to convert strategy into study also meant it was required to rip the code from all strategy...() calls, which carried a lot of useful information, like entry price, position size, and more, definitely influencing results calculated by strategy backtest. So the strategy without these features very likely produced different results than with them. While it was possible to convert these features into study with some advanced "coding gymnastics", it was also quite difficult to test whether those gymnastics didn't introduce serious, bankrupting bugs.
//////
How does this new feature work? It is really simple. On your custom events in the code like "GoLong" or "GoShort", create a string variable containing all the values you need inside your alert and this string variable will be your alert's message. Then, invoke brand new alert() function and that's it (see lines 67 onwards in the script). Set it up in CreateAlert popup and enjoy. Alerts will trigger on candle close as freq= parameter specifies. Detailed specification of the new alert() function can be found in TradingView's PineScript Reference (www.tradingview.com), but there's nothing more than message= and freq= parameters. Nothing else is needed, it is very simple. Yet powerful :)
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Alert syntax in this script is prepared to work with TradingConnector. Strategy here is not too complex, but also not the most basic one: it includes full exits, partial exits, stop-losses and it also utilizes dynamic variables calculated by the code (such as stop-loss price). This is only an example use case, because you could handle variety of other functionalities as well: conditional entries, pending entries, pyramiding, hedging, moving stop-loss to break-even, delivering alerts to multiple brokers and more.
//////
This script is a spin-off from my previous work, posted over a year ago here: Some comments on strategy parameters have been discussed there, but let me copy-paste most important points:
* Commission is taken into consideration.
* Slippage is intentionally left at 0. Due to shorter than 1 second delivery time of TradingConnector, slippage is practically non-existing.
* This strategy is NON-REPAINTING and uses NO TRAILING-STOP or any other feature known to be causing problems.
* The strategy was backtested on EURUSD 6h timeframe, will perform differently on other markets and timeframes.
Despite the fact this strategy seems to be still profitable, it is not guaranteed it will continue to perform well in the future. Remember the no.1 rule of backtesting - no matter how profitable and good looking a script is, it only tells about the past. There is zero guarantee the same strategy will get similar results in the future.
Full specs of TradingView alerts and how to set them up can be found here: www.tradingview.com
Ultimate Oscillator [Long] StrategyAfter I published Short Selling strategy with RSIofUO , I have been working for Long side strategy with same indicator.
but for Long strategy , I have used only the Ultimate Oscillator ... (Not the RSI of UO)
Logic behind this is , when UO goes below oversold level , high chance of possible reversal from there ...
Ultimate Oscialltor values , I have used are 5, 10 and 15
Signal Line 9
Above values are best/defaulted based on testing the strategy multiple symbols
BUY
when UO crossing up buyLine and close > open ( if the cross over is already done , it will wait for 3 candles to see a green bar i.e close>open )
Note when the bar color changes to orange , that means startegy is ready to take LONG position on next bar. But dont jump here , waith for the startegy take the Long Position :-)
Add
Signal appears when there is divergence (marked in yellow color ) ... strategy doesnt add the position , it is ony indicating you could add to existing OR if you missed the BUY signal you could enter here
Partial Exit
when UO crossing down partial exit level
Exit
When UO crossing down sell line
StopLoss
stop loss defaulted to 3%
Please note , I have slightly modified stop loss exit in this strategy.
Even though price hits 3% stoploss , strategy wont wind up the position ...
First , it will check if RSIofUO is above 30 , then it will hold on to the Long position.
Very reason behind this is , price is falling down and UO is going up ... That means there is bullish divergence here .. so it might turn this losing position to profitable one or will exit you with less than 3% loss.
Tested with SPY , QQQ , TSLA on 30mins to 4hrs. Though winning rate is average , net profit is exponential ...
Best working on 30 mins and 1 HR chart for QQQ
Warning
For the eductional purposes only ...
This is not a financial advise , before taking trading decission please do your own research
Indicator - ATR Profit Loss - DGHi Traders,
This is an on chart indicator that can be used for setting take profit and stop losses very easily using the Average True Range Indicator (ATR). Using a volatility adjusted TP and SL will allow you to set your targets and losses based on market conditions. In the settings, you are able to adjust how much of a multiplier you require depending on your risk tolerance and strategy. For those that follow the NNFX method, the defult settings are preset to 1xATR TP and 1.5xATR SL.
How to use:
- For longs, 'isLong' box must be ticked, for shorts, this box is unticked
- For longs, green line is TP, red line is SL
- For shorts, red line is TP, green line is SL
Regards,
Dillon Grech
Why is it ok to backtest on TradingView from now on!TradingView backtester has bad reputation. For a good reason - it was producing wrong results, and it was clear at first sight how bad they were.
But this has changed. Along with many other improvements in its PineScript coding capabilities, TradingView fixed important bug, which was the main reason for miscalculations. TradingView didn't really speak out about this fix, so let me try :)
Have a look at this short code of a swing trading strategy (PLEASE DON'T FOCUS ON BACKTEST RESULTS ATTACHED HERE - THEY DO NOT MATTER). Sometimes entry condition happens together with closing condition for the already ongoing trade. Example: the condition to close Long entry is the same as a condition to enter Short. And when these two aligned, not only a Long was closed and Short was entered (as intended), but also a second Short was entered, too!!! What's even worse, that second short was not controlled with closing conditions inside strategy.exit() function and it very often lead to losses exceeding whatever was declared in "loss=" parameter. This could not have worked well...
But HOORAY!!! - it has been fixed and won't happen anymore. So together with other improvements - TradingView's backtester and PineScript is now ok to work with on standard candlesticks :)
Yep, no need to code strategies and backtest them on other platforms anymore.
----------------
Having said the above, there are still some pitfalls remaining, which you need to be aware of and avoid:
Don't backtest on HeikenAshi, Renko, Kagi candlesticks. They were not invented with backtesting in mind. There are still using wrong price levels for entries and therefore producing always too good backtesting results. Only standard candlesticks are reliable to backtest on.
Don't use Trailing Stop in your code. TradingView operates only on closed candlesticks, not on tick data and because of that, backtester will always assume price has first reached its favourable extreme (so 'high' when you are in Long trade and 'low' when you are in Short trade) before it starts to pull back. Which is rarely the truth in reality. Therefore strategies using Trailing Stop are also producing too good backtesting results. It is especially well visible on higher timeframe strategies - for some reason your strategy manages to make gains on those huge, fat candlesticks :) But that's not reality.
"when=" inside strategy.exit() does not work as you would intuitively expect. If you want to have logical condition to close your trade (for example - crossover(rsi(close,14),20)) you need to place it inside strategy.close() function. And leave StopLoss + TakeProfit conditions inside strategy.exit() function. Just as in attached code.
If you're working with pyramiding, add "process_orders_on_close=ANY" to your strategy() script header. Default setting ("=FIFO") will first close the trade, which was opened first, not the one which was hit by Stop-Loss condidtion.
----------------
That's it, I guess :) If you are noticing other issues with backtester and would like to share, let everyone know in comments. If the issue is indeed a bug, there is a chance TradingView dev team will hear your voice and take it into account when working on other improvements. Just like they heard about the bug I described above.
P.S. I know for a fact that more improvements in the backtesting area are coming. Some will change the game even for non-coding traders. If you want to be notified quickly and with my comment - gimme "follow".
Scripting Tutorial B - TManyMA - Commission/FeesThis script is for a triple moving average strategy where the user can select from different types of moving averages, price sources, lookback periods and resolutions.
Features:
- 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually.
- Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA )
- Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA.
- Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish , bearish or neutral direction in the market.
- To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter . Twitter should be linked to my profile.
- Ribbons added and on by default. Optional setting to disable the ribbons. 5 ribbons between MA1 and MA2 and another 5 between MA2 and MA3.
- Ribbons are alpha-color coded based on their relation to their default MAs.
- Ribbons are only visible between MAs if the MAs being compared share the same Type, Resolution, and Source because there is no way to consolidate those three in a simple manner.
- Ribbon values are calculated based on calculated MA Periods between the MAs.
- Converted the existing study into a strategy.
- Strategy only enters long positions with a market order when MA crossovers occur.
- Strategy exits positions when crossunders occur.
- Trades 100% of the equity with one order/position by default.
- Ability to disable trading certain crosses with input checks.
- Ability to exit trades with a take profit or stop loss.
- User input to allow quick changes to the take profit or stop loss percentages.
- Strategy now calculates on every tick
- Strategy also includes fixed commission values based on Coinbase standard order fees
This script is meant as an educational script with well-formatted styling, and references for specific functions.
*** PLEASE NOTE - THIS STRATEGY IS MEANT FOR LEARNING PURPOSES. DEPENDING ON IT'S CONFIGURATION IT MAY OR MAY NOT BE USEFUL FOR ACTUAL TRADING. THE STRATEGY IS NOT FINANCIAL ADVICE ***
Any MA bands (TMA bands V2)Hi everyone
Website will be opening very shortly :) Sorting out the last details and we're so excited to finally roll-out our different Algorithm Builders for you guys
Forewords
This present script is an evolution of the TMA bands . I would never have expected that script to become so popular to be honest
This is not only a study or idea but a really proven method and I'm glad that many of you are using it already. But please, whenever you see a new script out there, even if it looks cool and promising, please test it on a demo account for a week or on a LIVE account but with tiny amounts every time.
Many times, what you see on the chart is not what will happen in reality. I know that most of you will agree and I know exactly why we see this behavior... I'll give more details in a later post
I have plenty of methods like that one and I'll detail them on my website (and a bit on TradingView) starting next month
TMA bands on steroids
Someone asked me privately to make a generic version of the TMA bands and make it compatible with other standards Moving Average types. That's it for the specifications really as I didn't do much than re-using some piece of my own code
Suggested (but not mandatory) methodology
1) The Take Profit 1 is the middle line, Take Profit 2 is the opposite band.
2) Once the TP1 is hit, set your Stop Loss to breakeven
3) Once the TP2 is hit, if you still want to stay in the trade, set your Stop Loss to the TP1
It will be a powerful tool in your arsenal for some scalp/intraday trades
Wishing you all of you a great and profitable day
PS
It's strictly forbidden to republish this script without my explicit approval. All my posts are copyrighted from now on
Obviously you can use but not republish and get the credit or even worse... some money from your own clients
Dave
____________________________________________________________
Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too)
- If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Disclaimer:
Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you.
Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur.
Trading also involves risks of gambling addiction.
Please notice I do not provide financial advice - my indicators, strategies, educational ideas are intended to provide only some source code for anyone interested in improving their trading
The proprietary indicators and strategies developed by Best Trading Indicator, the object of intellectual property rights are and remain the exclusive property of Best Trading Indicator, at the exclusion of images and videos and texts free of rights or provided by the Company or external legal or physical person.
No assignment of intellectual property rights is carried out through these Terms and Conditions.
Any total or partial reproduction, modification or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of the Company.
Turtle Trade Channels by KıvanÇ fr3762his trend following system was designed by Dennis Gartman and Bill Eckhart, and relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. This trend following system was taught to a group of average and normal individuals, and almost everyone turned into a profitable trader.
The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". Examples:
Buy a 10-day breakout and close the trade when price action reaches a 5-day low.
Go short a 20-day breakout and close the trade when price action reaches a 10-day high.
In this indicator, the red line is the trading line, and the dotted blue line is the exit line. Original system is:
Go long when the trading line crosses below close price
Go short when the trading line rosses above close price
Exit long positions when the price touches the exit line
Exit short positions when the price touches the exit line
Recommended initial stop-loss is ATR * 2 from the opening price. Default system parameters were 20,10 and 55,20.
Original Turtle Rules:
To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system.
Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A.k.a S1)
Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 using a different color. (A.k.a S2)
The entry strategy using S1 is as follows
Buy 20-day breakouts using S1 only if last signaled trade was a loss.
Sell 20-day breakouts using S1 only if last signaled trade was a loss.
If last signaled trade by S1 was a win, you shouldn't trade -Irregardless of the direction or if you traded last signal it or not-
The entry strategy using S2 is as follows:
Buy 55-day breakouts only if you ignored last S1 signal and the market is rallying without you
Sell 55-day breakouts only if you ignored last S1 signal and the market is pluging without you
The turtles had a progressive position sizing approach that boosted their winnings. Once a trading decision has been made you should...
Developers: Dennis Gartman and Bill Eckhart
İndikatörü geliştiren: Dennis Gartman and Bill Eckhart
ATR+VWAP Alert//These signals mostly consist of crossovers between a 13 VWMA and a 62 VWMA. I've found these two moving averages to be quite special in their ability to
//recognize a quick trend using volume data. The VWAP is used in the alert system as well, to give some perspective on which direction we are looking to take. We
//are also using ATR. We only take trades when the ATR is on the move, meaning we have a chance to catch a volatile move! Finally, we use RSI to help weed out bad
//trades. We only take 'longs' with bullish readings from RSI, and we only take 'shorts' with bearish readings from RSI. These alerts are fantastic for catching quick intraday
//trades in either direction. I recommend using a small 'take profit' target rather than using an exit indicator. These trades can move 20-30 pips and reverse just as quickly. Good luck!
//How To Use:
//When the alert system is added to the chart, you will notice up/down symbols appear at various locations. For bullish alerts, right click an 'Up' symbol and choose 'Add Alert on VWap & ATR..'
//There are two condition options. 'Long/short', and right below that 'Buy-Signal/Sell-Signal'. Choose 'long' and 'Buy-Signal'. At options, choose 'Once Per Bar Close'. Design your alert, and you're good to go.
//For bearish signals, find a 'down' signal on the chart. Right click and follow the same process, except choosing 'short/Sell-Signal' conditions.
Tips:
Use VWAP as a stop-loss. If a candle closes below/above the VWAP in the direction against you.. get out of the trade. The losses will be minimal and few compared to the wins. Use discretion and trade carefully. This works great with crypto. Invent your own exit. If you come up with a clever exit, please share!
You can contact me at my Discord!
discord.gg
The Always Winning Holy Grail Strategy - Not (by ChartArt)How to win all the time if 1+1 = 2
The most upvoted strategies on Tradingview are those which seemingly work 100%, but they actually don't at all because they are repainting and would not work in live trading reality. They are using the multi-time-frame strategy testing bug and thereby trade during the backtest on close prices before the bar has closed in reality.
Top list of these cheating repainting strategies:
1569 upvotes ANN Strategy
877 upvotes Vdub FX SniperVX3 Strategy
481 upvotes Get Trend Strategy
I guess there are much more strategies among the top upvoted strategies on Tradingview which cheat with a multi-time-frame close price, but three examples are enough. The ANN Strategy uses the daily close price as multi-time-frame and cheats with that. The Vdub FX SniperVX3 Strategy uses the half-day (720 minute) close price to cheat and the Get Trend Strategy uses the 160 minute bar close for repaint cheating (at least here the author of this strategy explains that his strategy is only demo and would not work, which might be the reason why it has 1000 less upvotes than the ANN Strategy. I already wrote months ago a comment underneat these strategies to explain this issue but it hasn't stopped these strategies from getting more and more upvotes and staying in the top list.
I thought this way of cheating is lame, so I invented a new way to cheat my way to seemingly reach 100% profitable trades all the time by going long if 1+1 is equal to 2. Welcome to super wide stop losses. Simply use a extreme unrealistic large stop loss and take profit after a realistic amount of pips and according to Tradingview's current backtest module you win 100% all the time. Yay! :)
My recommendation for the Tradingview team is to add a function to let the user define a stop out and margin call level and maybe set a realistic setting as default, like 100%.
Please don't trade with this strategy!
VWAP Price ChannelVWAP Price Channel cuts the crust off of a traditional price channel (Donchian Channel) by anchoring VWAPs at the highs and lows. By doing this, the flat levels, characteristic of traditional Donchian Channels, are no more!
Author's Note: This indicator is formed with no inherent use, and serves solely as a thought experiment.
> Concept
I would be hesitant to call this a "predictive" indicator, however the behavior of it would suggest it could be considered at least partially predictive
Essentially, the Anchored VWAPs creates something from otherwise nothing.
While the DC upper or lower values are staying flat, the VWAPs improvise based on price and volume to project a level that may be a better representation of where future highs or lows may settle.
Visually, this looks like we have cut off the corners of the Donchian Channel.
Note: Notice how we are calculating values before the corners are realized.
> Implementation
While this is only a concept indicator, The specific application I've gone with for this, is a sort of supertrend-ish display (A Trend Flipping Trailing Stop Loss).
The script uses basic logic to create a trend direction, and then displays the Anchored VWAPs as a form of trailing stop loss.
While "In Trend", the script fills in the area between the VWAP and Price in the direction of trend.
When new highs or lows are made while in trend, the opposite VWAP will start to generate at the new highs or lows. These happen on every new high or low, so they are not indicating the trend shift, but could be interpreted as breakout levels for the current trend direction in order for continuation.
Note: All values are drawn live, but when using higher timeframes, there is a natural calculation discrepancy when using live data vs. historical.
> Technicals
In this script, I'm simply detecting new highs or lows from the DC and using those as the anchor frequency on the built-in VWAP function.
So each time a new high or low is made based on DC, the VWAP function re-anchors to the high or low of the candle.
Past that, I have implemented some logic in order to account for a common occurrence I faced during development.
Frequently, the price would outpace the anchored VWAP, so we would end up with the VWAP being further from price than the actual DC upper or lower.
Due to this, what I have ended up with was a third value which, rather than switching between raw VWAP values and DC values, it adjusts the value based on the change in the VWAP value.
This can be simply thought of as a "Start + Change" type of setup.
By doing this, I can use the change values from the actual anchored VWAP, and under normal conditions, this will also be the true VWAP value.
However, situationally, I am able to update the start value which we're applying the VWAP change to.
In other words, when these situations happen, the VWAP change is added to the new (closer to price) DC value.
The specific trend logic being used is nothing fancy at all, we are simply checking if a new high or low is created and setting the trend in that direction.
This is in line with some traditional DC Strategies.
To those who made it here,
Just remember:
The chart may be ugly, but it's the fastest analysis of the data you can get.
Nicer displays often come at the hidden cost of latency.
You have to shoot your shot to make it.
Choose 2: Fast, Clean, Useful
Enjoy!
