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
Cerca negli script per "stop loss"
L2 Candle Pattern ScalperLevel: 2
Background
Japanese candlesticks provide more detailed and accurate information about price movements compared to bar charts. They provide a graphical representation of the supply and demand behind the price promotions for each period. Each candlestick contains a central part that indicates the distance between the opening and closing of the security being traded, the area called the body.
Scalping is a trading strategy that aims to take advantage of minor changes in the stock price. Traders using this strategy place anywhere from 10 to a few hundred trades in a single day with the belief that small moves in the stock price are easier to catch than large ones. Traders who implement this strategy are known as scalpers. Lots of small wins can easily lead to big wins if a strict exit strategy is used to prevent big losses.
Function
L2 Candle Pattern Scalper utilizes candle pattern to decide long and short entry signal. It use inherent candles' relationship nearby to judge the market trend is up or down and decide to long or short.
Signal
buysmall --> long entry
exitred --> short entry
Pros and Cons
Pros:
1. its response is fast because OHLC candle is the raw source of market
2. it is suitable for scalping because it studies nearby candles to judge very short term trend change
Cons:
1. Mid-long term change is missing from this indicator, although I use fast and slow lines to indicate the mid-term trend.
2. No stop loss or take profit scheme is introduced.
Remarks
This is promising but need efforts to refine it.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
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.
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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.
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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
Chandelier Exit by fr3762 KIVANÇChandelier Exit
Developed by Charles Le Beau and featured in Alexander Elder's books, the Chandelier Exit sets a trailing stop-loss based on the Average True Range (ATR). The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Typically, the Chandelier Exit will be above prices during a downtrend and below prices during an uptrend.
The author, Chuck LeBeau explains: It lets "... profits run in the direction of a trend while still offering some protection against any reversal in trend."
According to the theory, traders should exit long positions at either the highest high since entry minus 3 ATRs .
Similarly traders should exit short positions at either the lowest low since entry plus 3 ATRs .
The exit stop is placed at a multiple of average true ranges from the highest high or highest close since the entry of the trade.
Chandelier Exit will rise instantly whenever new highs are reached. As the highs get higher the stop moves up but it never moves downward.
The Chandelier Exit is mostly used to set a trailing stop-loss during a trend. Trends sometimes extend further than we anticipate and the Chandelier Exit can help traders ride the trend a little longer. Even though it is mostly used for stop-losses, the Chandelier Exit can also be used as a trend tool. A break above the Chandelier Exit (long) signals strength, while a break below the Chandelier Exit (short) signals weakness. Once a new trend begins, chartists can then use the corresponding Chandelier Exit to help define this trend.
Developer: Charles Le Beau
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!
Grok/Claude Turtle Trend Pro Strategy Turtle Trend Pro Strategy: A Modern Implementation of the Legendary Turtle Trading System
Historical Background: The Original Turtle Experiment
In 1983, legendary commodities trader Richard Dennis made a bet with his partner William Eckhardt: could successful trading be taught, or was it an innate skill? To settle the debate, Dennis recruited and trained a group of novices—whom he called "Turtles" (inspired by turtle farms he'd visited in Singapore)—teaching them a complete mechanical trading system. The results were remarkable: over the next four years, the Turtles reportedly earned over $175 million, proving that systematic, rule-based trading could be taught and replicated.
The strategy you've shared is a faithful modern adaptation of those original Turtle rules, enhanced with contemporary technical filters.
Core Turtle Principles Preserved in This Strategy
1. Donchian Channel Breakouts (The Heart of Turtle Trading)
The original Turtles used Donchian Channels—a simple concept where you track the highest high and lowest low over a specific lookback period. This strategy implements both original Turtle systems:
System 1 (Default): 20-period entry breakout, 15-period exit
System 2 (Optional): 55-period entry breakout, 20-period exit
The logic is elegantly simple:
Go long when price breaks above the highest high of the last 20 (or 55) periods
Go short when price breaks below the lowest low of the last 20 (or 55) periods
This captures the Turtle philosophy of trend-following through momentum breakouts—the idea that markets trending strongly in one direction tend to continue.
2. ATR-Based Position Sizing and Stops
The Turtles were pioneers in using Average True Range (ATR) for risk management. This strategy preserves that approach:
Stop Loss: Set at 2× ATR from entry (the original Turtle rule)
ATR Period : 20 days (matching the original)
The ATR stop adapts to market volatility—wider stops in volatile markets, tighter stops in calm ones—preventing premature exits while still protecting capital.
3. Opposite Channel Exit
Rather than using arbitrary profit targets, the Turtles exited positions when price broke the opposite channel:
Exit longs when price breaks below the 15-period (or 20-period) low
Exit shorts when price breaks above the 15-period (or 20-period) high
This allows winning trades to run while providing a systematic exit that doesn't rely on prediction.
Modern Enhancements Beyond the Original System
While the core mechanics remain true to 1983, this strategy adds sophisticated filters the original Turtles didn't have access to:
Trend Filter (200 EMA)
Only takes long trades when price is above the 200-period moving average (and the MA is sloping up), and vice versa for shorts. This aligns trades with the major trend, reducing whipsaws in choppy markets. Set of off by default and fully adjustable in settings.
ADX Filter (Trend Strength)
The Average Directional Index ensures trades are only taken when the market is actually trending (ADX > 20 threshold). The original Turtles suffered significant drawdowns in ranging markets—this filter addresses that weakness.
Optional RSI Filter
Adds overbought/oversold confirmation to entries, though this is disabled by default to stay closer to the original system.
Volume Confirmation
Optional requirement for volume surges on breakouts, adding conviction to signals.
The Strategy's Risk Management Framework
Parameter Setting Turtle Origin Position Size 10% of equity. Turtles used volatility-adjusted sizing.
Stop Loss2× ATR.
Original Turtle rule Commission 0.075%. Modern crypto exchange rate.
Pyramiding Disabled.
Turtles did pyramid, but simplified here.
Visual Elements and Regime Detection
The strategy includes a "Neural Fusion Pro" styled display that would make the original Turtles jealous:
Color-coded Donchian Channels: Green (bullish), Red (bearish), Yellow (neutral)
Trend Strength Meter: Combines ADX, price vs. MA distance, channel position, and DI spread
Regime Classification : Automatically identifies Bull, Bear, or Neutral market conditions
Information Panel: Real-time display of all key metrics
Why Turtle Trading Still Works
The genius of the Turtle system lies in its mechanical discipline. It removes emotion from trading by providing explicit rules for:
What to trade (anything with sufficient liquidity and volatility)
When to enter (channel breakouts)
How much to trade (volatility-adjusted position sizing)
When to exit (opposite breakout or ATR stop)
This strategy faithfully preserves that mechanical approach while adding modern filters to improve the win rate in today's markets.
NIFTY Options Breakout StrategyThis strategy trades NIFTY 50 Options (CALL & PUT) using 5-minute breakout logic, strict trend filters, expiry-based symbol validation, and a dynamic trailing-profit engine.
1️⃣ Entry Logic
Only trades NIFTY 50 options, filtered automatically by symbol.
Trades only between 10:00 AM – 2:15 PM (5m bars).
Breakout trigger:
Price enters the buy breakout zone (high of last boxLookback bars ± buffer).
Trend filter:
Price must be above EMA50 or EMA200,
AND EMA50 ≥ EMA100 (to avoid weak conditions).
Optional strengthening:
EMA20>EMA50 OR EMA50>EMA100 recent cross can be enforced.
Higher-timeframe trend check:
EMA50 > EMA200 (bullish regime only).
Start trading options only after expiry–2 months (auto-parsed).
2️⃣ One Trade Per Day
Maximum 1 long trade per day.
No shorting (long-only strategy).
3️⃣ Risk Management — SL, TP & Trailing
Includes three types of exits:
🔹 A) Hard SL/TP
Hard Stop-Loss: -15%
Hard Take-Profit: +40%
🔹 B) Step-Ladder Trailing Profit
As the option price rises, trailing activates:
Max Profit Reached Exit Trigger When Falls To
≥ 35% ≤ 30%
≥ 30% ≤ 25%
≥ 25% ≤ 20%
≥ 20% ≤ 15%
≥ 15% ≤ 10%
≥ 5% ≤ 0%
🔹 C) Loss-Recovery Exit
If loss reaches –10% but then recovers to 0%, exit at breakeven.
4️⃣ Trend-Reversal Exit
If price closes below 5m EMA50, the long is exited instantly.
5️⃣ Optional Intraday Exit
EOD square-off at 3:15 PM.
6️⃣ Alerts for Automation
The strategy provides alerts for:
BUY entry
TP/SL/Trailing exit
EMA50 reversal exit
EOD exit
Nifty Breakout Levels Strategy (v7 Hybrid)Nifty Breakout Levels Strategy (v7 Hybrid – Compounding from Start Date)
Instrument / TF: Designed for current-month NIFTY futures on 1-hour timeframe, with at most 1 trade per day.
Entry logic: Uses a 10-bar breakout box with a 0.3% buffer, plus EMA-based trend + proximity filter.
Longs: price in breakout-high zone, above EMA50/EMA200 and within proximityPts.
Shorts: price in breakout-low zone and strong downtrend (EMA10 < EMA20 < EMA50 < EMA200, price below EMA200).
Trades only when ATR(14) > atrTradeThresh and during regular hours (till 15:15).
Risk / exits: Stop loss is ATR-adaptive – max of slBasePoints (100 pts) and ATR * atrSLFactor; TP is fixed (tpPoints, e.g. 350 pts).
Longs have stepped trailing profit levels (100/150/200/250/320 pts) that lock in gains on pullbacks.
Shorts have trailing loss-reduction levels (80/120/140 pts) to cut improving losses.
Additional exit: 1H EMA50 2-bar reversal against the position, plus optional EOD flatten at 3:15 PM.
Compounding engine: From a chosen start date, equity is rebased to startCapital, and lot size scales dynamically as equity / capitalPerLot, with automatic lot reductions at three drawdown thresholds (ddCut1 / 2 / 3).
Automation: All entries and exits are exposed via alertconditions (long/short entry & exit) so the strategy can be connected to broker/webhook automation.
Tactical Holding [SwissAlgo]Tactical Holding
A visual framework for managing long-term positions across market cycles
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Purpose
Instead of holding a fixed position through all market conditions , you can use this framework to adjust your exposure tactically . By reducing positions during distribution phases and accumulating during favorable accumulation zones, you may end up holding more units of the asset over complete market cycles - even if you temporarily exit or reduce exposure during unfavorable periods. This approach aims to help you compound your holdings by taking advantage of market volatility rather than simply enduring it.
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Recommended Settings
Timeframe : Weekly (1W) chart
Chart Type : Standard candlesticks (select 'Bar' type Candles)
This indicator is designed for higher timeframe analysis. While it can be applied to other timeframes, the logic and signal generation are optimized for weekly charts to filter out short-term noise and focus on major market cycles.
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Key Features
♦ Market State Classification
The indicator aims to categorize potential market conditions into five color-coded states based on technical confluences:
* Bull (bright green): Multiple bullish indicators align
* Bull Retrace (teal): Bullish structure with temporary weakness
* Bull ⇆ Bear Reversal (yellow): Transitional phase between trends
* Bear (bright red): Multiple bearish indicators align
* Bear Retrace (Pale Red/Maroon): Bearish structure with temporary strength
♦ Visual Elements
* Candles change color based on the current market state
* A 50-period EMA tracks with the same color coding, providing visual trend context
* Small arrow markers appear when specific pattern conditions are met (zones for potential distribution or accumulation)
* A legend table (toggle on/off) explains the color system
* A label shows the current state name on the chart
♦ Pattern Recognition
The system monitors for two types of potential entry/exit zones:
1. State transition patterns after periods of market regime consistency
2. RSI divergence patterns (when price and momentum move in opposite directions)
♦ Customization
* Toggle the legend table visibility through settings
* All calculations are transparent and use standard technical analysis methods
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How It Works
Think of this indicator as a traffic light system for your portfolio:
♦ Green zones suggest the asset might be in an environment where long-term holders historically have remained invested
Bright green (Bull) : Multiple technical indicators align in a potentially strong bullish phase
Pale green (Bull Retrace) : Bullish structure remains intact, but momentum shows temporary weakness - often a pullback within an uptrend
♦ Red zones suggest conditions where long-term holders might consider reducing exposure or waiting for better entry points
Dark red (Bear) : Multiple technical indicators align in a potentially strong bearish phase
Pale red (Bear Retrace) : Bearish structure remains intact but shows temporary strength - often a bounce within a downtrend
♦ Yellow zones indicate the market is in transition between bull and bear regimes - a time for increased attention as the trend direction becomes uncertain
The system doesn't predict future prices. Instead, it helps you understand the current technical environment by doing the heavy lifting of analyzing multiple indicators at once and presenting them in a simple visual format.
Example: During the 2022 crypto bear market, the indicator would have displayed extended red periods, signaling defensive conditions for holders. When accumulation arrows appeared in late 2022-early 2023, it highlighted potential re-entry zones as the technical regime transitioned back toward green, before the 2024 recovery.
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Who This Is For
♦ Long-term investors who want to hold assets through cycles but prefer a systematic approach to position sizing and timing rather than buying and never selling .
♦ Portfolio managers looking for a visual tool to help determine when to increase or decrease exposure to specific assets based on technical regime changes.
♦ Swing traders on higher timeframes who want to align their positions with the broader market structure rather than fighting the trend.
This is not designed for:
* Day traders or scalpers
* Those seeking exact entry/exit prices
* Automated trading systems (this is a visual decision-support tool)
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Understanding the Visuals
When you apply Tactical Holding to a chart, you'll see:
1. Colored candles - Instantly see what market regime the asset is in
2. Colored EMA line (thick line) - Provides a dynamic support/resistance reference that changes color with market conditions
3. Small arrows (↑ ↓) - Mark bars where specific technical patterns complete
4. State label - Shows current market classification
5. Legend table (top right) - Quick reference guide for the color system
6. Warning banner (top center) - Reminds you to use weekly charts
The visual design prioritizes clarity over complexity. You should be able to glance at a chart and immediately understand the current technical environment.
--------------------------------------------------------------
Important Limitations
This indicator cannot:
* Predict future price movements
* Guarantee profitable trades
* Work equally well on all assets or timeframes
* Replace your own research and risk management
Technical considerations:
* Divergence detection has a 3-bar confirmation lag (by design, to avoid false signals)
* State transitions require multiple technical confirmations, which may cause delayed reactions to rapid market changes
* The system is reactive, not predictive - it responds to price action after it occurs
* Performance varies significantly between trending assets (like Solana) and stable assets (like Apple)
--------------------------------------------------------------
Practical Application
Consider using this indicator as one component of a broader investment framework:
♦ Understanding Position Context:
The color-coded states can help frame your thinking about current holdings:
Bull: Technical conditions that have historically been associated with sustained uptrends
Bull Retrace: Pullbacks within an overall bullish structure- these periods may offer opportunities to evaluate entry points or reassess existing positions
Reversal (Yellow): Transitional phases where the trend direction is unclear - periods that may warrant closer monitoring
Bear Retrace: Temporary strength within an overall bearish structure - rallies that historically have often faded
Bear: Technical conditions that have historically been associated with sustained downtrends
♦ Interpreting Signal Arrows:
Arrow markers indicate when specific technical pattern conditions have been met. These are observation points, not instructions:
A signal appearing doesn't mean immediate action is required
Treat arrows as prompts for further analysis rather than automatic triggers
Consider the broader context: fundamentals, your investment timeline, risk tolerance, and overall market conditions
Signals show when historical technical patterns have formed - not whether those patterns will lead to the same outcomes as in the past
The framework is designed to organize information visually, not to tell you what to do. Your investment decisions should incorporate this technical perspective alongside other factors relevant to your situation.
--------------------------------------------------------------
Technical Methodology
For transparency, the indicator uses:
* RSI (14) with a 14-period SMA to assess momentum direction
* MACD (12,26,9) to confirm trend strength and histogram momentum
* Stochastic RSI with K and D line crossovers for additional confirmation
* 50-period EMA as the primary trend filter
* Linear regression-based slope analysis to detect flat/transitional periods
* Pivot-based divergence detection following standard technical analysis principles
All calculations use publicly available technical analysis formulas. Nothing is hidden or proprietary beyond the specific combination and weighting of these standard tools.
--------------------------------------------------------------
Disclaimer
This indicator is an educational and analytical tool only. It is not financial advice.
* Trading and investing involve substantial risk of loss
* Past performance of any technical system does not indicate future results
* No indicator can predict market movements with certainty
* Always conduct your own research and consult with qualified financial professionals
* Never invest more than you can afford to lose
* The creators of this indicator are not responsible for any trading losses
* This tool is not affiliated with, endorsed by, or connected to TradingView, 3Commas, or any other trading platform
* Use of this indicator is at your own risk
Risk Management: Regardless of what any indicator shows, always use proper position sizing, stop losses, and risk management appropriate to your personal financial situation.
This indicator provides a framework for analysis. Your decisions, research, and risk management determine your results.
MA SMART Angle
### 📊 WHAT IS MA SMART ANGLE?
**MA SMART Angle** is an advanced momentum and trend detection indicator that analyzes the angles (slopes) of multiple moving averages to generate clear, non-repainting BUY and SELL signals.
**Original Concept Credit:** This indicator builds upon the "MA Angles" concept originally created by **JD** (also known as Duyck). The core angle calculation methodology and Jurik Moving Average (JMA) implementation by **Everget** are preserved from the original open-source work. The angle calculation formula was contributed by **KyJ**. This enhanced version is published with respect to the open-source nature of the original indicator.
Original indicator reference: "ma angles - JD" by Duyck
---
## 🎯 ORIGINALITY & VALUE PROPOSITION
### **What Makes This Different from the Original:**
While the original "MA Angles" by **JD** provided excellent angle visualization, it lacked actionable entry signals. **MA SMART Angle** addresses this by adding:
**1. Clear Entry/Exit Signals**
- Explicit BUY/SELL arrows based on angle crossovers, momentum confirmation, and MA alignment
- No guessing when to enter trades - the indicator tells you exactly when conditions align
**2. Non-Repainting Logic**
- All signals use confirmed historical data (shifted by 2 bars minimum)
- Critical for backtesting reliability and live trading confidence
- Original indicator could repaint signals on current bar
**3. Dual Signal System**
- **Simple Mode:** More frequent signals based on angle crossovers + momentum (for active traders)
- **Strict Mode:** Requires full multi-MA alignment + momentum confirmation (for conservative traders)
- Adaptable to different trading styles and risk tolerances
**4. Smart Signal Filtering**
- **Anti-spam cooldown:** Prevents duplicate signals within configurable bar count
- **No-trade zone detection:** Filters out low-conviction sideways markets automatically
- **Multi-timeframe MA alignment:** Ensures all moving averages agree on direction before signaling
**5. Enhanced Visualization**
- Large, clear BUY/SELL arrows with descriptive labels
- Color-coded backgrounds for market states (trending vs. ranging)
- Momentum histogram showing acceleration/deceleration in real-time
- Live status table displaying trend strength, angle value, momentum, and MA alignment
**6. Professional Alert System**
- Four distinct alert conditions: BUY Signal, SELL Signal, Strong BUY, Strong SELL
- Enables automated trade notifications and strategy integration
**7. Modified MA Periods**
- Original used EMA(27), EMA(83), EMA(278)
- Enhanced version uses faster EMA(3), EMA(8), EMA(13) for more responsive signals
- Better suited for modern volatile markets and shorter timeframes
---
## 📐 HOW IT WORKS - TECHNICAL EXPLANATION
### **Core Methodology:**
The indicator calculates angles (slopes) for five key moving averages:
- **JMA (Jurik Moving Average)** - Smooth, lag-reduced trend line (original implementation by **Everget**)
- **JMA Fast** - Responsive momentum indicator with higher power parameter
- **MA27 (EMA 3)** - Primary fast-moving average for signal generation
- **MA83 (EMA 8)** - Medium-term trend confirmation
- **MA278 (EMA 13)** - Slower trend filter
### **Angle Calculation Formula (by KyJ):**
```
angle = arctan((MA - MA ) / ATR(14)) × (180 / π)
```
**Why ATR normalization?**
- Makes angles comparable across different instruments (forex, stocks, crypto)
- Makes angles comparable across different timeframes
- Accounts for volatility - a 10-point move in different assets has different significance
**Angle Interpretation:**
- **> 15°** = Strong trend (momentum accelerating)
- **0° to 15°** = Weak trend (momentum present but moderate)
- **-2° to +2°** = No-trade zone (sideways/choppy market)
- **< -15°** = Strong downtrend
### **Signal Generation Logic:**
#### **BUY Signal Conditions:**
1. MA27 angle crosses above 0° (upward momentum initiates)
2. All three EMAs (3, 8, 13) pointing upward (trend alignment confirmed)
3. Momentum is positive for 2+ bars (acceleration, not deceleration)
4. Angle exceeds minimum threshold (not in no-trade zone)
5. Cooldown period passed (prevents signal spam)
#### **SELL Signal Conditions:**
1. MA27 angle crosses below 0° (downward momentum initiates)
2. All three EMAs pointing downward (downtrend alignment)
3. Momentum is negative for 2+ bars
4. Angle below negative threshold (not in no-trade zone)
5. Cooldown period passed
#### **Strong BUY+ / SELL+ Signals:**
Additional entry opportunities when JMA Fast crosses JMA Slow while maintaining strong directional angle - indicates momentum acceleration within established trend.
---
## 🔧 HOW TO USE
### **Recommended Settings by Trading Style:**
**Scalpers / Day Traders:**
- Signal Type: **Simple**
- Minimum Angle: **3-5°**
- Cooldown Bars: **3-5 bars**
- Timeframes: 1m, 5m, 15m
**Swing Traders:**
- Signal Type: **Strict**
- Minimum Angle: **7-10°**
- Cooldown Bars: **8-12 bars**
- Timeframes: 1H, 4H, Daily
**Position Traders:**
- Signal Type: **Strict**
- Minimum Angle: **10-15°**
- Cooldown Bars: **15-20 bars**
- Timeframes: Daily, Weekly
### **Parameter Descriptions:**
**1. Source** (default: OHLC4)
- Price data used for MA calculations
- OHLC4 provides smoothest angles
- Close is more responsive but noisier
**2. Threshold for No-Trade Zones** (default: 2°)
- Angles below this are considered sideways/ranging
- Increase for stricter filtering of choppy markets
- Decrease to allow signals in quieter trending periods
**3. Signal Type** (Simple vs. Strict)
- **Simple:** Angle crossover OR (trend + momentum)
- **Strict:** Angle crossover AND all MAs aligned AND momentum confirmed
- Start with Simple, switch to Strict if too many false signals
**4. Minimum Angle for Signal** (default: 5°)
- Only generate signals when angle exceeds this threshold
- Higher values = stronger trends required
- Lower values = more sensitive to momentum changes
**5. Cooldown Bars** (default: 5)
- Minimum bars between consecutive signals
- Prevents spam during volatile chop
- Scale with your timeframe (higher TF = more bars)
**6. Color Bars** (default: true)
- Colors chart bars based on signal state
- Green = bullish conditions, Red = bearish conditions
- Can disable if you prefer clean price bars
**7. Background Colors**
- **Yellow background** = No-trade zone (low angle, ranging market)
- **Green flash** = BUY signal generated
- **Red flash** = SELL signal generated
- All customizable or can be disabled
---
## 📊 INTERPRETING THE INDICATOR
### **Visual Elements:**
**Main Chart Window:**
- **Thick Lime/Fuchsia Line** = MA27 angle (primary signal line)
- **Medium Green/Red Line** = MA83 angle (trend confirmation)
- **Thin Green/Red Line** = MA278 angle (slow trend filter)
- **Aqua/Orange Line** = JMA Fast (momentum detector)
- **Green/Red Area** = JMA slope (overall trend context)
- **Blue/Purple Histogram** = Momentum (angle acceleration/deceleration)
**Signal Arrows:**
- **Large Green ▲ "BUY"** = Primary buy signal (all conditions met)
- **Small Green ▲ "BUY+"** = Strong momentum buy (JMA fast cross)
- **Large Red ▼ "SELL"** = Primary sell signal (all conditions met)
- **Small Red ▼ "SELL+"** = Strong momentum sell (JMA fast cross)
**Status Table (Top Right):**
- **Angle:** Current MA27 angle in degrees
- **Trend:** Classification (STRONG UP/DOWN, UP/DOWN, FLAT)
- **Momentum:** Acceleration state (ACCEL UP/DN, Up/Down)
- **MAs:** Alignment status (ALL UP/DOWN, Mixed)
- **Zone:** Trading zone status (ACTIVE vs. NO TRADE)
- **Last:** Bars since last signal
### **Trading Strategies:**
**Strategy 1: Pure Signal Following**
- Enter LONG on BUY signal
- Exit on SELL signal
- Use stop-loss at recent swing low/high
- Works best on trending instruments
**Strategy 2: Confirmation with Price Action**
- Wait for BUY signal + bullish candlestick pattern
- Wait for SELL signal + bearish candlestick pattern
- Increases win rate by filtering premature signals
- Recommended for beginners
**Strategy 3: Momentum Acceleration**
- Use BUY+/SELL+ signals for adding to positions
- Only take these in direction of primary signal
- Scalp quick moves during momentum spikes
- For experienced traders
**Strategy 4: Mean Reversion in No-Trade Zones**
- When status shows "NO TRADE", fade extremes
- Wait for angle to exit no-trade zone for reversal
- Contrarian approach for range-bound markets
- Requires tight stops
---
## ⚠️ LIMITATIONS & DISCLAIMERS
**What This Indicator DOES:**
✅ Measures momentum direction and strength via angle analysis
✅ Generates signals when multiple conditions align
✅ Filters out low-conviction sideways markets
✅ Provides visual clarity on trend state
**What This Indicator DOES NOT:**
❌ Predict future price movements with certainty
❌ Guarantee profitable trades (no indicator can)
❌ Work equally well on all instruments/timeframes
❌ Replace proper risk management and position sizing
**Known Limitations:**
- **Lagging Nature:** Like all moving averages, signals occur after momentum begins
- **Whipsaw Risk:** Can generate false signals in volatile, directionless markets
- **Optimization Required:** Parameters need adjustment for different assets
- **Not a Complete System:** Should be combined with risk management, position sizing, and other analysis
**Best Performance Conditions:**
- Strong trending markets (crypto bull runs, stock breakouts)
- Liquid instruments (major forex pairs, large-cap stocks)
- Appropriate timeframe selection (match to trading style)
- Used alongside support/resistance and volume analysis
---
## 🔔 ALERT SETUP
The indicator includes four alert conditions:
**1. BUY SIGNAL**
- Message: "MA SMART Angle: BUY SIGNAL! Angle crossed up with momentum"
- Use for: Primary long entries
**2. SELL SIGNAL**
- Message: "MA SMART Angle: SELL SIGNAL! Angle crossed down with momentum"
- Use for: Primary short entries or long exits
**3. Strong BUY**
- Message: "MA SMART Angle: Strong BUY momentum - JMA fast crossed up"
- Use for: Adding to longs or aggressive entries
**4. Strong SELL**
- Message: "MA SMART Angle: Strong SELL momentum - JMA fast crossed down"
- Use for: Adding to shorts or aggressive exits
**Setting Up Alerts:**
1. Right-click indicator → "Add Alert on MA SMART Angle"
2. Select desired condition from dropdown
3. Choose notification method (popup, email, webhook)
4. Set alert expiration (typically "Once Per Bar Close")
---
## 📚 EDUCATIONAL VALUE
This indicator serves as an excellent learning tool for understanding:
**1. Angle-Based Momentum Analysis**
- Traditional indicators show MA crossovers
- This shows the *rate of change* (velocity) of MAs
- Teaches traders to think in terms of momentum acceleration
**2. Multi-Timeframe Confirmation**
- Shows how fast, medium, and slow MAs interact
- Demonstrates importance of trend alignment
- Helps develop patience for high-probability setups
**3. Signal Quality vs. Quantity Tradeoff**
- Simple mode = more signals, more noise
- Strict mode = fewer signals, higher quality
- Teaches discretionary filtering skills
**4. Market State Recognition**
- Visual distinction between trending and ranging markets
- Helps traders avoid trading choppy conditions
- Develops "market context" awareness
---
## 🔄 DIFFERENCES FROM OTHER MA INDICATORS
**vs. Traditional MA Crossovers:**
- Measures momentum (angle) rather than just price crossing MA
- Provides earlier signals as angles change before price crosses
- Filters better for sideways markets using no-trade zones
**vs. MACD:**
- Uses multiple MAs instead of just two
- ATR normalization makes it universal across instruments
- Visual angle representation more intuitive than histogram
**vs. Supertrend:**
- Not based on ATR bands but on MA slope analysis
- Provides graduated strength indication (not just binary trend)
- Less prone to whipsaw in low volatility
**vs. Original "MA Angles" by JD:**
- Adds explicit entry/exit signals (original had none)
- Implements no-repaint logic for reliability
- Includes signal filtering and quality controls
- Provides dual signal systems (Simple/Strict)
- Enhanced visualization and status monitoring
- Uses faster MA periods (3/8/13 vs 27/83/278) for modern markets
---
## 📖 CODE STRUCTURE (for Pine Script learners)
This indicator demonstrates:
**Advanced Pine Script Techniques:**
- Custom function implementation (JMA, angle calculation)
- Var declarations for stateful tracking
- Table creation for HUD display
- Multi-condition signal logic
- Alert system integration
- Proper use of historical references for no-repaint
**Code Organization:**
- Modular function definitions (JMA, angle)
- Clear separation of concerns (inputs, calculations, plotting, alerts)
- Extensive commenting for maintainability
- Best practices for Pine Script v5
**Learning Resources:**
- Study the JMA function to understand adaptive smoothing
- Examine angle calculation for ATR normalization technique
- Review signal logic for multi-condition confirmation patterns
- Analyze anti-spam filtering for state management
The code is open-source - feel free to study, modify, and improve upon it!
---
## 🙏 CREDITS & ATTRIBUTION
**Original Concepts:**
- **"ma angles - JD" by JD (Duyck)** - Core angle calculation methodology and indicator concept
Original open-source indicator on TradingView Community Scripts
- **JMA (Jurik Moving Average) implementation by Everget** - Smooth, low-lag moving average function
Acknowledged in original JD indicator code
- **Angle Calculation formula by KyJ** - Mathematical formula for converting MA slope to degrees using ATR normalization
Acknowledged in original JD indicator code comments
**Enhancements in This Version:**
- Signal generation logic - Original implementation for this indicator
- No-repaint confirmation system - Original implementation
- Dual signal modes (Simple/Strict) - Original implementation
- Visual enhancements and status table - Original implementation
- Alert system and signal filtering - Original implementation
- Modified MA periods (3/8/13 instead of 27/83/278) - Optimization for modern markets
**Open Source Philosophy:**
This indicator follows the open-source spirit of TradingView and the Pine Script community. The original "ma angles - JD" by JD (Duyck) was published as open-source, enabling this enhanced version. Similarly, this code is published as open-source to allow further community improvements.
---
## ⚡ QUICK START GUIDE
**For New Users:**
1. Add indicator to chart
2. Start with default settings (Simple mode)
3. Wait for BUY signal (green arrow)
4. Observe how price behaves after signal
5. Check status table to understand market state
6. Adjust parameters based on your instrument/timeframe
**For Experienced Traders:**
1. Switch to Strict mode for higher quality signals
2. Increase cooldown bars to reduce frequency
3. Raise minimum angle threshold for stronger trends
4. Combine with your existing strategy for confirmation
5. Set up alerts for desired signal types
6. Backtest on your preferred instruments
---
## 🎓 RECOMMENDED COMBINATIONS
**Works Well With:**
- **Volume Analysis:** Confirm signals with volume spikes
- **Support/Resistance:** Take signals near key levels
- **RSI/Stochastic:** Avoid overbought/oversold extremes
- **ATR:** Size positions based on volatility
- **Price Action:** Wait for candlestick confirmation
**Complementary Indicators:**
- Order Flow / Footprint (for institutional confirmation)
- Volume Profile (for identifying value areas)
- VWAP (for intraday mean reversion reference)
- Fibonacci Retracements (for target setting)
---
## 📈 PERFORMANCE EXPECTATIONS
**Realistic Win Rates:**
- Simple Mode: 45-55% (higher frequency, moderate accuracy)
- Strict Mode: 55-65% (lower frequency, higher accuracy)
- Combined with price action: 60-70%
**Best Asset Classes:**
1. **Cryptocurrencies** (strong trends, clear signals)
2. **Forex Major Pairs** (smooth price action, good angles)
3. **Large-Cap Stocks** (trending behavior, liquid)
4. **Index Futures** (trending instruments)
**Challenging Conditions:**
- Low volatility consolidation periods
- News-driven erratic movements
- Thin/illiquid instruments
- Counter-trending markets
---
## 🛡️ RISK DISCLAIMER
**IMPORTANT LEGAL NOTICE:**
This indicator is for **educational and informational purposes only**. It is **NOT financial advice** and does not constitute a recommendation to buy or sell any financial instrument.
**Trading Risks:**
- Trading carries substantial risk of loss
- Past performance does not guarantee future results
- No indicator can predict market movements with certainty
- You can lose more than your initial investment (especially with leverage)
**User Responsibilities:**
- Conduct your own research and due diligence
- Understand the instruments you trade
- Never risk more than you can afford to lose
- Use proper position sizing and risk management
- Consider consulting a licensed financial advisor
**Indicator Limitations:**
- Signals are based on historical data only
- No guarantee of accuracy or profitability
- Parameters must be optimized for your specific use case
- Results vary significantly by market conditions
By using this indicator, you acknowledge and accept all trading risks. The author is not responsible for any financial losses incurred through use of this indicator.
---
## 📧 SUPPORT & FEEDBACK
**Found a bug?** Please report it in the comments with:
- Chart symbol and timeframe
- Parameter settings used
- Description of unexpected behavior
- Screenshot if possible
**Have suggestions?** Share your ideas for improvements!
**Enjoying the indicator?** Leave a like and follow for updates!
MACD crossover while RSI Oversold/Overbought# MACD Crossover with RSI Overbought/Oversold Indicator Explained
## Indicator Overview
This is a trading signal system that combines two classic technical indicators: **MACD (Moving Average Convergence Divergence)** and **RSI (Relative Strength Index)**. Its core logic is: MACD crossover signals are only triggered when RSI is in extreme zones (overbought/oversold), thereby filtering out many false signals and improving trading accuracy.
## Core Principles
### 1. **Dual Confirmation Mechanism**
This indicator doesn't use MACD or RSI alone, but requires both conditions to be met simultaneously:
- **Short Signal (Orange Triangle)**: MACD bearish crossover (fast line crosses below signal line) + RSI was overbought (≥71)
- **Long Signal (Green Triangle)**: MACD bullish crossover (fast line crosses above signal line) + RSI was oversold (≤29)
### 2. **RSI Memory Function**
The indicator checks the RSI values of the current and past 5 candlesticks. As long as any one of them reaches the overbought/oversold level, the condition is satisfied. This design avoids overly strict requirements, as RSI may have already left the extreme zone before the MACD crossover occurs.
```pine
wasOversold = rsi <= 29 or rsi <= 29 or ... or rsi <= 29
wasOverbought = rsi >= 71 or rsi >= 71 or ... or rsi >= 71
```
## Parameter Settings
### MACD Parameters
- **Fast MA**: 12 periods (adjustable 7-∞)
- **Slow MA**: 26 periods (adjustable 7-∞)
- **Signal Line**: 9 periods
### RSI Parameters
- **Oversold Threshold**: 29 (traditional 30)
- **Overbought Threshold**: 71 (traditional 70)
- **Calculation Period**: 14
## Visual Elements
### 1. **Signal Markers**
- 🔻 **Orange Downward Triangle**: Appears above the candlestick, labeled "overbought", indicating a shorting opportunity
- 🔺 **Green Upward Triangle**: Appears below the candlestick, labeled "oversold", indicating a long opportunity
### 2. **Price Level Lines**
- **Orange Dashed Line**: Extends rightward from the high of the short signal, serving as a potential resistance level
- **Green Dashed Line**: Extends rightward from the low of the long signal, serving as a potential support level
Each time a new signal appears, the old level line is deleted, keeping only the most recent reference line.
## Trading Logic Explained
### Short Signal Scenario
1. Price rises, RSI surges above 71 (market overheated)
2. Momentum subsequently weakens, MACD fast line crosses below signal line
3. Indicator draws an orange triangle at the high, alerting to reversal risk
4. Orange dashed line marks the high point of the short entry position
### Long Signal Scenario
1. Price falls, RSI drops below 29 (market oversold)
2. Selling pressure exhausted, MACD fast line crosses above signal line
3. Indicator draws a green triangle at the low, suggesting a rebound opportunity
4. Green dashed line marks the low point of the long entry position
## Advantages and Limitations
### ✅ Advantages
- **Filters Noise**: Reduces false signals through dual confirmation
- **Captures Reversals**: Catches trend reversals in extreme conditions
- **Visual Clarity**: Level lines help identify support/resistance
- **Built-in Alerts**: Can set up message push notifications
### ⚠️ Limitations
- **Lag**: Both indicators are lagging, signals may be delayed
- **Poor Performance in Ranging Markets**: Prone to whipsaws during consolidation
- **Needs Other Analysis**: Should not be the sole decision-making basis
- **Parameter Sensitivity**: Different markets and timeframes may require parameter adjustments
## Practical Trading Suggestions
1. **Confirm Trend Context**: Counter-trend signals carry high risk in strong trending markets
2. **Combine with Candlestick Patterns**: Confirm with patterns (such as engulfing, hammer candles)
3. **Set Stop Losses**: Use level lines as stop-loss references (long stop below green line, short stop above orange line)
4. **Watch Volume**: Signals accompanied by high volume are more reliable
5. **Multi-Timeframe Verification**: Signals appearing simultaneously on daily and 4-hour charts are more credible
## Summary
This indicator follows the "mean reversion from extremes" philosophy, seeking reversal opportunities when market sentiment becomes excessive. It's suitable for auxiliary judgment, particularly in swing trading and position trading strategies. But remember, no indicator is perfect—always combine risk management and multi-dimensional analysis when making trading decisions
EMA + RSI Autotrade Webhook - VarunOverview
The EMA + RSI Autotrade Webhook is a powerful trend-following indicator designed for automated crypto futures trading. This indicator combines the reliability of Exponential Moving Average (EMA) crossovers with RSI momentum filtering to generate high-probability buy and sell signals optimized for webhook integration with crypto exchanges like Delta Exchange, Binance Futures, and Bybit.Key Features
Simple & Effective: Uses proven EMA 9/21 crossover strategy
RSI Momentum Filter: Eliminates low-probability trades in ranging markets
Webhook Ready: Two clean alerts (LONG Entry, SHORT Entry) for seamless automation
Exchange Compatible: Works with Delta Exchange, 3Commas, Alertatron, and other webhook platforms
Zero Lag Signals: Real-time alerts on crossover confirmation
Visual Clarity: Clean chart markers for easy signal identification
How It Works
Entry Signals:
LONG Entry: Triggers when EMA 9 crosses above EMA 21 AND RSI is above 52 (bullish momentum confirmed)
SHORT Entry: Triggers when EMA 9 crosses under EMA 21 AND RSI is below 48 (bearish momentum confirmed)
Technical Components:
Fast EMA: 9-period (tracks short-term price action)
Slow EMA: 21-period (identifies primary trend)
RSI: 14-period (confirms momentum strength)
RSI Long Threshold: 52 (filters weak bullish signals)
RSI Short Threshold: 48 (filters weak bearish signals)
Best Use Cases
Crypto Futures Trading: Bitcoin, Ethereum, Altcoin perpetual contracts
Automated Trading Bots: Integration with Delta Exchange webhooks, TradingView alerts
Timeframes: Optimized for 15-minute charts (works on 5min-1H)
Markets: Trending crypto markets with clear directional moves
Risk Management: Best used with 1-2% stop loss per trade (managed externally)
Webhook Automation Setup
Add indicator to your TradingView chart
Create alerts for "LONG Entry" and "SHORT Entry"
Configure webhook URL from your exchange (Delta Exchange, Binance, etc.)
Use alert message: Entry LONG {{ticker}} @ {{close}} or Entry SHORT {{ticker}} @ {{close}}
Exchange automatically reverses positions on opposite signals
Advantages
✅ No manual trading required - fully automated
✅ Eliminates emotional trading decisions
✅ Catches trending moves early with EMA crossovers
✅ RSI filter reduces whipsaws in choppy markets
✅ Works 24/7 without monitoring
✅ Simple two-alert system (easy to manage)
✅ Compatible with multiple exchanges via webhooksStrategy Philosophy
This indicator follows a trend-following with momentum confirmation approach. By waiting for both EMA crossover AND RSI confirmation, it ensures you're entering trades with genuine momentum behind them, not just random price noise. The tight RSI thresholds (52/48) keep you aligned with the prevailing trend.Recommended Settings
Timeframe: 15-minute (primary), 5-minute (scalping), 1-hour (swing)
Markets: BTC/USDT, ETH/USDT, high-liquidity altcoin perpetuals
Position Sizing: 100% capital per signal (exchange manages reversals)
Stop Loss: 2% (managed via exchange or external bot)
Leverage: 1-2x for conservative approach, up to 5x for aggressive
Important Notes
⚠️ This indicator generates entry signals only - position reversals are handled automatically by your exchange
⚠️ Always backtest on historical data before live trading
⚠️ Use proper risk management and position sizing
⚠️ Best performance in trending markets; may generate false signals in tight ranges
⚠️ Requires TradingView Premium or higher for webhook functionalityTags
cryptocurrency futures automated-trading ema-crossover rsi webhook delta-exchange tradingview-alerts trend-following momentum bitcoin ethereum crypto-bot algo-trading 15-minute-strategy
