Bravo xSwingThe Bravo xSwing is a hybrid of my Original Bravo Swing script (BUY) and the Accurate Swing Trading System script by ceyhun (SELL) - also know as SMA 9/50/180 | EMA 20 | BUY/SELL.
This system buys in on a full candle close above the SMA 9 (indicating a strong bullish trend) and sells using the above mentioned Accurate Swing algorithm.
Back-testing results suggest 15% greater returns than using the Accurate Swing Trading System or Original Bravo swing alone. **
RSI overbought/oversold are also included as references and display as follows:
- Overbought - red down arrows display on top of chart.
- Oversold - green up arrows display on bottom of chart.
Note: Back-testing suggests that these indicators are not as effective with Extended Hours turned on.
** If you are using the 1 hour chart, the sell indicators will appear on a close below the SMA9, as back-testing suggests better profitability using the Original Bravo Close for this time period.
Cerca negli script per "swing trading"
Pro Algo Reversal 2 Signal No Repaint/No Lagging by @ProKingTVThis is a Reversal trading signal system (part 2) for any range markets. It’s better used with timeframe from 15 min to 60 min for day trading or swing trading. It generates reversal signals for the important turning point bars and candles with no repaint and no lagging.
Part 2 internal R/S setting is different from part 1. Use this script with part 1.
How does it work?
* Defines support/resistance (S/R) levels based on floor trader’s pivot points and my own S/R levels.
* Calculates the reversal signals, price reactions close to all above S/R levels.
* Generates reversal trading signal: buy/long or sell/short based on all combined factors.
What are the Reversal signals?
* Blue arrow means trend is reversed to bullish
* Pink arrow means trend is reversed to bearish
How to use?
* Blue up arrow : Buy(Long) or continuous Buy(Long)
* Pink down arrow : Sell(Short) or continuous Sell(Short)
* Have to increase time frame to reduce signal noises, prefer 15-60 min.
* There is no way to filter all noises even with higher time frame, all the trades must have a stop.
How to access?
* PM me to obtain access
* 10 day Free Trial is available
Pro Algo Reversal 1 Signal No Repaint/No Lagging
This is a Reversal trading signal system (part 1) for any range markets. It’s better used with timeframe from 15 min to 60 min for day trading or swing trading. It generates reversal signals for the important turning point bars and candles with no repaint and no lagging.
How does it work?
* Defines support/resistance(S/R) levels based on floor trader’s pivot points and my own S/R levels.
* Calculates the reversal signals, price reactions close to all above S/R levels.
* Generates reversal trading signal: buy/long or sell/short based on all combined factors.
What are the Reversal signals?
* Blue arrow means trend is reversed to bullish
* Pink arrow means trend is reversed to bearish
How to use?
* Blue up arrow : Buy(Long) or continuous Buy(Long)
* Pink down arrow : Sell(Short) or continuous Sell(Short)
* Have to increase time frame to reduce signal noises, prefer 15-60 min.
* There is no way to filter all noises even with higher time frame, all the trades must have a stop.
How to access?
* PM me to obtain access
* 10 day Free Trial is available
REDWOOD King Bishop MA'sREDWOOD King Bishop MA's
This indicator is based around moving averages to show short term and long term trends and possible trend reversals.
There are a lot of factors in this indicator so I will explain how best to take trades depending on your trading strategy.
Default MA settings are set and are one of the 2 recommended settings (other recommended settings are in the inputs for this indicator)
These show short term swings and changes, while coloring the fill with the short and long term trends.
Default labels show the Buy and Sell labels, along with the Strong Buy and Strong Sell labels. Buy labels should be taken as a tell that we could be reversing the trend, these labels will also allow you to get into trades earlier before a major trend change.
For the most part I recommend trading on the Strong Buy and Sell labels, these are telling you the strong trend changes that are taking affect, giving the "last call" for good entry or sell signals.
There is a long MA (Black) plot that is used as a support and resistance and when it is in the middle of the fill, this is telling you we are in the midst of the bull or bear run the indicator is showing. Times it is above or below the fast or slow MAs is taken as risky entries. you should only trade on these if other indicators are showing a reversal or entry themselves along with this indicator.
I recommend using this indicator with the RSI or MacD, specifically the REDWOOD MTF MacD or REDWOOD Stochastic RSI.
All MA fills are colored to show what is happening in the short term and also the long overall trend. A color change of the fast ma's while the overall trend is stable, lets you know of potential dips or exit positions.
There are lots of settings that you can utilize with this indicator and they are as follows..
You can customize all MA lengths
There are Scalp labels you can toggle on to show good scalp entries on both long and short sides. These are risky and only to be taken as potential exits or entries
You can toggle all labels, buy/sell, StrongBuy/StrongSell, Bullish, Bearish, Pivots, and Scalp
Pivot labels with this indicator are very risky, but can give you the best entries on a reversing market. These work best with a confirming indicator working along with these labels.
Bullish and Bearish labels show when the overall trend has crossed the support or resistance, these are good trades to take if you are swing trading or want to see or be alerted of a change of overall trend.
By default, which you can turn off, Bars are colored with the trend of the market, blocking out candles that could be opposite of the trend, reassuring a position.
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Swing Trading : Buy on Strong Buy signals and Sell on Strong Sell signals
Alternate Strategy : Buy on Bullish signals and Sell on Bearish signals
MacD or RSI or Stoch RSI confirming the trend change on these will give you the best entries and exits possible.
Scalp Trading : Buy and Sell on Scalp signals after turning them on.
Alternate Strategy : Buy when the 2 Fast Ma's cross changing the color on the fill lime, and Sell when the Fast Ma's cross and change the fill color red.
Alternate Strategy : Buy on Scalp on Buy or Sell Scalp signals and sell when Fast Ma's cross and change opposite your position, bullish or bearish.
Again, a confirming indicator will help with entries and exits.
Day Trading : Buy on Buy labels and Sell on Sell Labels
Again, a confirming indicator will help with entries and exits.
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All settings, colors, and plots can be customized, and all are labeled to make it easy for you.
Alerts for each label or trend change has been incorporated, so you never miss a trade opportunity!
This can be a very useful indicator, and I'm sure some may find settings that work even better
than the default or recommended settings.
This indicator works on all markets, forex, cryptocurrency, and stocks.
For access to this and all indicators available, please DM me here or See profile.
We are here to help each other succeed! The more one succeeds the more we all succeed! We are all in this
together and every person deserves to be financially independent and confident when taking trades
and investing.
Trend CandlesTrend Candles is a simple indicator based on the trend following strategy that shows you exactly when to buy, sell and close trades on every chart, market and timeframe. It's always in a trade, either long or short as indicated by the color of the candles, when the candles are green that means go long, when they switch to red that means go short until the next green candle appears.
It's best used on markets that tend to trend a lot like currencies, futures and cryptos, however it also works well on stocks and ETFs (long-only).
How Is It Different From Other Indicators?
- Designed specifically for the trend following strategy
- Color coded candles for visually appealing chart guidance
- Signals are based on current and past volatility
- They aren't as sensitive to false signals after periods of contracted volatility
- Helps to keep you in the trend without being "shaken out"
- Can be applied to all markets and timeframes
How To Use The Indicator?
1) Visit our website URL shown below this description and subscribe
2) We will then grant your TradingView username permission to use our indicators
3) Go to your Indicators window, then the Invite-Only section and add our indicators to your chart
4) Our indicators will then show on every chart you now look at
5) You can set up alerts to be notified in real time of trading signals from our indicators
6) Read our user manual for all the best tips on how to use our indicators
7) Feel free to reach out to us for personal one-on-one help with getting setup
What Markets and Conditions Does It Work Best On?
All markets cycle between trending and ranging modes, and the key to successfully using these indicators is identifying when the market is in or likely to go into a trending mode, and as such it can be applied to all markets and timeframes. After a market has contracted for a period of time in a tight range, the 1st entry signal after the period of consolidation can become the start of a powerful trend. On the flip side taking every signal when a market is ranging will result in churn.
Our indicators are primarily designed for day trading and swing trading, however they can also be used for position trading and investing by keeping you invested in the trend which can be very difficult to do without a good indicator due to all of us being vulnerable to getting "shaken out" of a trend. This indicator will always respond to changes in price and will never keep you in a trend going against you, and like all good trend following it adheres to the principles of cutting your losses and letting your winners run so long as the trend is intact. It's the top 1-5% of your trades that account for 80-90% of your profits, as fat tail moves happen more often in markets than a normal distribution would suggest and that's why trend following albeit difficult to practice, will always work.
With stocks and ETFs, we recommend sticking to long only as shorting stocks is very difficult no matter the strategy or indicator used. If you're an investor you can use Trend Candles on the daily or weekly charts to help keep you in good stocks and industries and avoid holding onto perpetual losers.
As always indicators should be used as part of a trading strategy to assist in making decisions, instead of just blindly following every signal they produce you should always seek to compliment technical trading signals with additional analysis to reduce your risk and increase your odds of making a winning trade.
Examples Of Trend Candles On Various Markets and Timeframes
FOREX - EURJPY (5 Minute Chart)
CRYPTOCURRENCY - ETHUSD (30 Minute Chart)
STOCKS - TSLA (Daily Chart)
COMMODITIES - GOLD (Daily Chart)

To gain access to Trend Candles today visit our website shown below.
Happy Trend Following :)
[astropark] Auto Fibonacci Retracement ExtensionDear followers,
today a new analysis tool for day trading, scalping and swing trading: Automatic Fibonacci Retracements and Extensions drawer!
It works on every timeframe and market, as it simply draws automatically most important fibonacci levels on the chart.
Based on the analysis window set (default 100 bars, but you can edit it as you like), it finds recent high and low and start drawing the following levels:
recent high and low (black)
golden retracement range: 0.5 * 0.618 * 0.705 fibonacci retracements (gold)
fibonacci extensions range above 1: 1.272 * 1.424 * 1.618 * 2.618 * 4.236 (blue)
fibonacci extensions range below 0: -0.238 * -0.618 * -0.706 * -1(fuchsia)
Whenever the indicator finds a new high or a new low, al fibonacci levels are re-draw automatically.
The indicator will let you:
change analysis window
enable displaying labels related to current fibonacci levels and/or prices
change colors
show/hide each specific level
How to use the indicator?
Basically, all techniques which apply to fibonacci tool are valid here too.
After a big move up or down, a new high or low is created and a retracement is expected: if trend is strong, retracement to golden ration 0.618 will be a perfect spot for buy or sell respectively in order to continue riding the trend.
In general a bounce is always expected when price hit 0.618 retracement , good to know for scalping traders, while swing trades will continue holding the trade for higher profits.
If the golden retracement range (0.5 - 0.705) is broken and then retested from the other side, a continuation move is expected towards previous high/low (fib level 1) and even more towards the fibonacci extensions range above 1 (1.618 - 2.618 - 4.236).
If the base of bounce and trend continuation on golden retracement range, traders can expect
price to hit again previous high/low and
if trend is strong, a consolidation near the previous high/low range (conditions that are respectively bullish and bearish)
do a further continuation towards -0.618 fib level range
Traders must always understand that
the higher the timeframe, the stronger is the meaning and so the reaction when a specific fibonacci level is hit
don't trade blindly, try to find confluences to have an higher chance to be in a winning trade in near future
money and risk management are very important, so manage your position size and always have a stop loss in your trades
As said, this indicators work on every timeframe and in all markets (Crypto currencies, stocks, FOREX, indexes, commodities). Here some examples:
BTCUSDT 1D: after a long run, a retracement is expected and a bounce at 0.618 golden level is more than obvious: perfect short (sell) entry
BTCUSDT 1D: again as previous example, after a long run, a retracement is expected as well as price's bounces back above
EURUSD 1h: lots of info here, directly in the chart below:
bounces on 0.618 golden zone
double top
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
bearish consolidation at recent low and further decline towards 1.618 fib extension
AMZN 1h stock: lots of info here too, directly in the chart below:
new high is print, price retrace to golden zone
bounces on 0.618 golden zone
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
rejection at golden zone, price falling targeting previous low again and probably 1.618 fib extension
price breaks hard previous low and hits fib extension range below recent low
price retraces back up towards new golden retracement range
golden retracement range is broken and used as support: targets are previous high and 1.618 extension
once 1.618 extension level is broken and retested successfully as support, price moves towards 2.618 fibonacci extension level
SPY (SPX500) index: lots of info in the chart
interesting to note that March 2020 huge dump can be totally mapped as a series of fibonacci level bounces, so you understand the importance of riding a trend now, right?
after the low was formed, price retraced perfectly to golden ration 0.618
each time price hit a golden level/range, it retraces creating double top and double bottom configurations too
In the chart below we can see the power of the double bottom at golden retracement level: targets are previous high and -0.618 fibonacci extension level
XAUUSD 15m: as we are in a lower timeframe, the default analysis windows has been reduced to 50.
What can we see here:
golden retracement and price is rejected towards previous low
golden retracement hit and price bounces back lower
new high is formed: golden retracement hit and price bounces back higher
price break previous high and hits fibonacci extensions -0.618 and -1
price continues rising forming a regular bearish divergence with RSI
once uptrend is broken, price falls dramatically
first target is 0.618 retracement level, where you see a very small retracement due to strength of sellers
second target is previous low, which is broken and retested many time from below (bearish retest)
third target is fibonacci extension range (in this case 1.414 is almost hit)
as an hidden bullish divergence with RSI was created, price goes back up
This is a premium indicator , so send me a private message in order to get access to this script.
BANK NIFTY ALGO This indicator is specifically designed for trading Bank Nifty (NSE) for intraday trading & short term swing trading
Description :
This indicator is based on Price Action Theory, Volume Profiles and Moneyflow Analytics. It also incorporates important parameters of the underlying assets such as Banking stocks & key benchmark banking metrics. It shows the bias of the index at any given point of time.
USP: It reacts to change in price momentum if that is sustainable; thereby eliminating random spikes & offshoots in price. This is much more conservative way of trading & gives signal only when the trend is strongly stabilized.
How to use ?
Timeframe : Time duration for each bar (Input to given to the indicator by user)
Notations used in the indicator:
B- Signal for Buy
S- Signal for Sell
CS- Close Shorts
CL- Close Longs
BookLong- Book all Longs
BookShort- Book all Shorts
Critical Pivot is a point which is defined as the boundary of bullish & bearish sides. This is the thick line which changes color green to maroon to grey. It gives an idea of bias in the market. Green color is for Bullish bias, Maroon for Bearish bias & Grey for Neutral
Swing High: The dynamic green line at the end of the charts
Swing Low : The dynamic red line at the end of the charts
Major uses of the Indicator:
1. Understanding the direction of Bank Nifty and understands levels for entry / exits --- B & S signals
2. Understanding SL levels in order to prevent loss during unforeseen events ------------- Break of the critical pivot ( green/maroon line )
3. Understanding Trailing SL levels to hold on to the winners --------------------------------- Break of the Green/Red Line
Ideal Timeframes for this Indicator :
1.Intraday ( 5 min/15 mins )
2.Swing ( 30 mins/1 hour)
Disclaimer: This script/strategy is for educational purpose and individual use only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts. Please be fully informed regarding the risks associated with trading the financial markets.
This is a premium indicator
If you want access to this indicator, please message us (Links/Email in description below )
Ultimate VWAP Bands- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions.
- For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff.
- Each band is set at a fixed offset away from the VWAP . The "VWAP Band Multiplier" adjusts this and is a key part of the script. This allows the indicator to be adjusted based on the assets volatility . For example, with Crypto. A multiplier of 1 would be strongly advised. Whilst a multiplier of 0.1-0.25 would be useful for currency pairs.
- This indicator can be used for all manners of trading. However, it is most effective when used for scalping and swing trading.
OHO Trend Finder and Trailing Stop LossStudies Used:
We have used different type of moving averages and average true ranges in this indicator.
Usage:
It can be used for scalping and Intra-day trading. It works on all time frames and Scripts.
It provides easy to visualize multiple information:
1) It gives the correct Entry on Time.
2) Fake trends are shown on purple color of trend line .
3) It gives proper Exit on time. or Exit as per your own Risk Reward Ratio.
4) Easy Trailing Stop Loss as per trend line .
How to read OHO® Trend Finder and Trailing Stop Loss Indicator?
Trend line color:
Red = Sell side trailing
Green = Buy side trailing
Purple = No trade zone or Cautious Trade Zone
How to find Sideways?
If Price is above the UpTrend and it's showing a Red color, then it might be a sideways script.
And vice versa If Price is below the DownTrend and it's showing a Green color, then it might be a sideways script.
Recommendations:
Trade is recommended to be closed when price is below UpTrend line (in case of buy side trade) or it is above DownTrend line (in case of sell side trade)
What time frame should I use?
15 Minutes time-frame for Intraday and 1 Hour Time Frame for Swing Trading, But you can check different time-frames and scripts as per your requirements.
Disclaimer:
For any type of queries and suggesions kindly send us personal message.
L1 Mid-Term Swing Oscillator v1Level: 1
Background
Oscillators are widely used set of technical analysis indicators. They are popular primarily for their ability to alert of a possible trend change before that change manifests itself in price and volume . They should work best in times of sideways markets.
Function
L1 Short-Mid-Long-Term Swing Oscillator puts three terms of oscillators to cover short-term, middle-term and long-term oscillators at the same time. By resonating all these three oscillators, short-term scalping signal and middle term swing signal are disclosed. You can see both short and mid term signal under one indicator which give you more confidence to follow the trend.
Key Signal
I didn't handle the key signals well. I piled up all the useful signals I found, and it is really difficult to classify them one by one. I feel tired when I think about this problem. Therefore, the code of the overall signal is rather confusing, sorry.
Pros and Cons
Pros:
1. Three oscillators are used to cover short, mid, long term oscillations.
2. Short-Mid term resonance can be observed to have higher confidence level.
3. Use single indicator for scalping and swing trading is possible.
Cons:
1. No deep dive into very accurate long and short entries.
2. A trade off between sensitivity and stability may be needed by traders' subjective judge.
Remarks
I enjoyed the fun of put three different oscillator together to cover short, mid, long terms. But how to use them perfectly is really more brainstorming.
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.
Cyatophilum Swing Trader [ALERTSETUP]This is an indicator for swing trading which allows you to build your own strategies, backtest and alert. This version is the alertsetup which allows to create automated alerts hosted on TradingView servers that will trigger in form of emails, SMS, webhooks, notifications, and more. The backtest version can be found in my profile scripts page.
The particularity of this indicator is that it contains several indicators, including a custom one, that you can choose in a drop down list, as well as a trailing stop loss and take profit system.
The current indicators are :
CYATO AI: a custom indicator inspired by Donchian Channels that will catch each big trend and important reversal points .
The indicator has two major "bands" or channels and two minor bands. The major bands are bigger and are always displayed.
When price reaches a major band, acting as a support/resistance, it will either bounce on it or break through it. This is how "tops" and "bottoms", and breakouts are caught.
The minor bands are used to catch smaller moves inside the major bands. A combination of volume, momentum and price action is used to calculate the signals.
Advantages of this indicator: it should catch top and bottoms better than other swing trade indicators.
Cons of this indicator: Some minor moves might be ignored. Sometimes the script will catch a fakeout due to the Bands design.
Best timeframes to use it : 2H~4H
Sample:
Other indicators available:
SARMA: A combination of Parabolic Stop and Reverse and Exponential Moving Average (20 and 40) .
SAR: Regular Parabolic Stop and Reverse .
QQE: An indicator based on Quantitative Qualitative Estimation .
SUPERTREND: A reversal indicator based on Average True Range .
CHANNELS: The classic Donchian Channels .
More indicators might be added in the future.
About the signals: each entry (long & short) is calculated at bar close to avoid repainting. Exits (SL & TP) can either be intra-bar or at bar close using the Exit alert type parameter.
STOP LOSS SYSTEM
The base indicators listed above can be used with or without TP/SL.
TP and SL can be both turned on and off and configured for both directions.
The system can be configured with 3 parameters as follows:
Stop Loss Base % Price: Starting Value for LONG/SHORT stop loss
Trailing Stop % Price to Trigger First parameter related to the trailing stop loss. Percentage of price movement in the right direction required to make the stop loss line move.
Trailing Stop % Price Movement: Second parameter related to the trailing stop loss. Percentage for the stop loss trailing movement.
Another option is the "Reverse order on Stop Loss". Use this if you want the strategy to trigger a reverse order when a stop loss is hit.
TAKE PROFIT SYSTEM
The system can be configured with 2 parameters as follows:
Take Profit %: Take profit value in percentage of price.
Trailing Profit Deviation %: Percent deviation for the trailing take profit.
Combining indicators and Take Profit/Stop Loss
One thing to note is that if a reversal signal triggers during a trade, the trade will be closed before SL or TP is reached.
Indeed, the base indicators are reversal indicators, they will trigger long/short signals to follow the trend.
It is possible to use a takeprofit without stop loss, like in this example, knowing that the signal will reverse if the trade goes badly.
The base indicators settings can be changed in the "Advanced Parameters" section.
Configuration used for this snapshot:
ALERTS DEFINITION
Each alert correspond to the labels on chart.
01. LONG ENTRY (BUY) : Long alert
02. LONG STOP LOSS : Long stop loss event
03. LONG TAKE PROFIT : Long take profit event
04. SHORT ENTRY (SELL) : Short alert
05. SHORT STOP LOSS : Short stop loss event
06. SHORT TAKE PROFIT : Short take profit event
07. LONG EXIT : Long exit alert. Triggers on both Stop loss and Take Profit
08. SHORT EXIT : Short exit alert. Triggers on both Stop loss and Take Profit
09. ALL TAKE PROFITS : Long and Short Take Profits. Both directions.
10. ALL STOP LOSSES : Long and Short Stop Losses. Both directions.
11. ALL EXITS : Long and Short exits alert. Stop Loss and Take Profit both Long and Short.
Use the link below to obtain access to this indicator.
SRJ RM THEORYINTRODUCTION:-
I BELIEVE THAT THE PRICES ARE ALWAYS HAVING SOME MAGNETIC PROPERTY OR RELATIONS IN BETWEEN RANGES.THE ATTRACTION AND REPULSION IS HAPPENING ALL THE TIME AND IT TELLS US SO MANY THINGS THAT WE DO NOT LOOK FOR.
HOW IT WORKS:-
IN THIS INDICATOR, THERE ARE BASICALLY 3 MAGNETIC ZONES- RED, BLUE & GREEN. THESE ZONES ARE ALSO DIVIDED IN 2 POLES THAT ARE NORTH POLE(THICK LINE) AND SOUTH POLE(THIN LINE). WHEN EVER PRICES COMES NEAR THE ZONES THE ATTRACTION AND REPULSION HAPPENS. RM THEORY MEANS RELATIVE MAGNETISM. IT HELPS TO UNDERSTAND WHEN THE MARKET WILL CHANGE, TAKE REVERSAL, RETRACEMENT, SIDEWAYS, BREAKOUTS.
WHY I MADE THIS:-
AS A INTRADAY LOVER I HAD TRIED ALL THE POSSIBLE INDICATOR BUT NONE OF THEM GAVE ME A PROPER CONFIRMATION OR WARNING IN TREND. SO I ANALYSED HOW MARKET WORKS AND MOVES AND TRIED TO PUT ALL MY KNOWLEDGE AND EXPERIENCE TO BUILD A PROPER INDICATOR FOR MYSELF. AFTER THAT I BACK TESTED AND GOT SUCCESSFUL RESULTS. SO I THOUGHT I SHOULD SHARE MY IDEA TO THE WORLD TO SEE HOW IT WORKS WITH OTHERS.
THIS INDICATOR IS PURELY BASED ON INTRADAY TRADING BUT CAN ALSO BE USED FOR SWING TRADING. FOR BEST RESULTS KINDLY FOLLOW DEFAULT SETTINGS THAT ARE 1 2 2. BEST RECOMMENDED TIME FRAME IS 1 MINUTE TO 5 MINUTES. IT DOES NOT WORK IN DAY OR GREATER TIME FRAME.
TradeChartist PowerTracer™TradeChartist PowerTracer is an exceptionally well designed and functional indicator, requiring minimal user input to trace the asset's Bull and Bear Power. The indicator makes it visually engaging with its various color schemes and intelligent positioning of the PowerTracer Bar, tracking not just the current trend, but also the developing trend using a visually easy to understand Power plots.
What does ™TradeChartist PowerTracer do?
1. Tracks Bull and Bear Power and plots the information visually on chart using one of the following 3 Power plot options based on high or low power detection sensitivity.
𝗣𝗼𝘄𝗲𝗿𝗧𝗿𝗮𝗰𝗲𝗿 - Plot of the Bull and Bear Power Oscillator, pivotal to this script that tracks the true Bull and Bear Power along with Bull/Bear oscillator reading, calculated dynamically using a unique and original formula. Values beyond 50 and -50 are quite rare, but theoretically, they can go beyond 80 and -80. 𝗣𝗼𝘄𝗲𝗿𝗧𝗿𝗮𝗰𝗲𝗿's highs and lows are also tracked and updated real-time using labels placed exactly at the Highs and Lows with their readings.
Bar-wise Power Holder - Absolute Bull and Bear power of each bar. It is plotted by calculating the difference between Bull and Bear Power or each bar. The values can swing between -100 and +100 even though values above 90 and below 90 are rare. The bar color on the chart will be painted using this value to visually display the Bull/Bear strength if "Paint Bars on Chart" is enabled from the indicator settings.
Bar-wise Power Fight - Plot of Maximum Bull and Bear Power of every bar that helps visualize the fight between Bulls and Bears in each bar.
2. Visually displays the Balance of Power between the Bulls and the Bears using Opponent Power Gain background fill when it is 50% or over. For example, if the current PowerTracer plot is a Bull zone, enabling this setting with Opponent Power Gain % set at 75, will paint the background when Bear Power increases beyond 75% using the Bear Power Intensity fill based on Color Scheme the user opts from the settings. This option can be enabled or disabled from settings and the Opponent Power gain % (minimum 50%) can also be adjusted to spot the change in price trend early on.
3. Uses an accompanying 𝗣𝗼𝘄𝗲𝗿𝗧𝗿𝗮𝗰𝗲𝗿 bar that helps spot the true bull and bear power using simple linear blocks, displaying the power level using power intensity colors based on the color scheme.
4. Paints price bars and PowerTracer background using Power intensity colors based on Color Scheme from the indicator settings, which helps spot the increase or decrease in Bull and Bear Power.
5. Inverts bar colors, background fill and PowerTracer bar color to help see price using the Opponent's Point of View.
What markets can this indicator be used on?
-- Forex
-- Stocks - works best with 4hr or above and prices calculated taking gaps into account.
-- Commodities
-- Cryptocurrencies
and almost any asset on Trading View
What time-frames can this indicator be used on?
This indicator can be used on all timeframes. If the asset has very little volume/volatility or is far low in comparative value against the base currency, power detection can be choppy, but with most assets, this won't be an issue.
Does this indicator repaint?
-- No. Real-time Power plots can change colors and values based on current bar close as values get calculated dynamically. Once the bar closes, plots and power intensity colors don't repaint.
-- This can be verified using Bar Replay to check if the plots and fills stay in the same bar in real time as the Bar Replay
Does the indicator send alerts when the power shifts from Bull to Bear or from Bear to Bull?
Yes. Users can get alerts when Power gets shifted using Trading View alerts. This can be done by choosing '™TradeChartist PowerTracer' and 'Powershift to Bulls' or 'Powershift to Bears' under Trading View Alert condition and by using 'Once per bar close' as user needs to wait for candle close for Power shift confirmation.
Example Charts
In this split screen chart of Bitcoin, it can be seen how the 30m chart on left is Bearish and 5m chart on right is Bullish based on Power changes. The trend can be spotted on PowerTracer by spotting the Opponent's background fill that started showing when Opponent's power gained by over 75%. This is a good example using the script for scalping/swing trading using 2 timeframes. Note that the chart on the left shows Price bars and PowerTracer bar with inverted colors to show Opponent's point of view.
In this 15m chart of GBP-USD, 100% Power gain for Entries and Exits is used. This is a more conservative approach and is suited for less aggressive traders based on complete change of trend.
In this 2hr chart of Ethereum, all 3 Power plots are used to identify the trend using low sensitivity using 100% Power Gain entries and this shows how a trade can be held longer to maximise gains using entries with Power shift confirmations.
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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[astropark] Sniper ScalperDear Followers,
today a new Scalper Tool , which works great on all timeframes , from 1 minute to 1 month!
Keep in mind that this is a Scalper, so it's always a good idea to take or lock your profits, despite you may use it also for swing trading.
This tool has some cool features:
it works on all timeframes , from 1 minute to 1 month!
you can change a filter option from 1 (lowest) to 7 (highest)
Here some examples on how it performs on many timeframes and charts.
EURUSD 15m chart
AMZN 1h chart
Bitmex XBTUSD 4h chart
Bitfinex ETHUSD 1h chart
Binance Chainlink LINKBTC 1h chart
Binance Ethereum ETHBTC 1h chart
GOLD XAUUSD 15m chart
The user who wants to use this strategy, especially via an automated bot, must always manage to set a take profit and stoploss, as well as use a proper money and risk management strategies .
This is not the "Holy Grail", so use it with caution.
This is a premium indicator , so send me a private message in order to get access to this script.
Range StrengthRange Strength is a super simple indicator designed for the mean reversion (range trading) strategy, it shows you how strong the market is ranging or trending. When the indicator is positive (green color) the market is a range mode, when the indicator is negative (red color) it is in a trending mode.
It's best used together with our Buy Sell Bands indicator to identify entry and exit signals within the range, ideally only taking trades when the Range Strength indicator is showing positive (green) readings.
How Is It Different From Other Indicators?
- Designed specifically for the mean reversion (range trading) strategy
- Shows one simple reading and graphical representation of range strength
- Identify the best times to take mean reversion trades versus trend trades
- Works well in conjunction with the Buy Sell Bands indicator to validate entry & exit signals
- Can be applied to all markets and timeframes
How To Use The Indicator?
1) Visit our website URL shown below this description and signup
2) We will then grant your TradingView username permission to use our indicators
3) Go to your Indicators window, then the Invite-Only section and add our indicators to your chart
4) Our indicators will then show on every chart you now look at
5) You can set up alerts to be notified in real time of trading signals from our indicators
6) Read our user manual for all the best tips on how to use our indicators as part of a range trading strategy
7) Feel free to reach out to us for personal one-on-one help with getting setup
What Markets and Conditions Does It Work Best On?
All markets cycle between trending and ranging modes, and the key to successfully using our indicators is identifying when the market is in or about to go into a range trading mode, and as such it can be applied to all markets and timeframes.
Some markets and timeframes trade within ranges more predictably than others, for example Forex, Cryptocurrencies, and Futures on the 15 minute timeframe during the US night session can work well due to the lack of price sensitive news creating lasting trends. With Stocks & ETFs on the 5 minute timeframe during the midday session on large cap blue chip stocks with no recent news releases can show strong range trading environments to use our indicators in.
In addition to single markets, you can also use our indicators on pair charts, for example Coca Cola(KO) versus Pepsi(PEP), you can do this by entering KO/PEP inside your TradingView chart quote box and it will bring up a pair chart. Our indicators will show buy and sell signals right on the pair chart just like any other single instrument chart. You can get very creative with what type of pairs you can come up with.
Our indicators are primarily designed for day trading and swing trading, however they can also be used for position trading and investing by identifying technically oversold and overbought range levels that are based on current and past volatility around a dynamic average price, for this we recommend using a weekly chart to identify longer trading opportunities.
As always indicators should be used as part of a trading strategy to assist in making decisions, you can't just blindly follow every signal they produce, you should always seek to compliment technical trading signals with additional analysis to reduce your risk and increase your odds of making a winning trade.
Examples Of Use On Various Markets and Timeframes
GBP vs CHF Forex Pair 15 Minute Chart
Tesla Stock 1 Minute Chart
Bitcoin vs USD Crypto Pair 15 Minute Chart
Micro E-Mini SP500 Futures 1 Minute Chart
Mastercard vs Visa Stock Daily Pair Chart
To gain access to the Range Strength and Buy Sell Bands Indicators visit our website shown below.
Happy Range Trading :)
Buy Sell BandsBuy Sell Bands is a super simple indicator based on the mean reversion (range trading) strategy that shows you exactly where to buy, sell and close trades on every chart, market and timeframe.
It's best used together with our Range Strength indicator to identify when the market is in a range mode, this is the best time to take the entry signals from the Buy Sell Bands.
How Is It Different From Other Indicators?
- Designed specifically for the mean reversion (range trading) strategy
- Upper and lower bands are based on current and past volatility
- Aren't as sensitive to "squeezes" after periods of contracted volatility
- Works well in conjunction with the Range Strength Indicator to confirm entry signals
- Helps identify good "pair trading" opportunities
- Can be applied to all markets and timeframes
How To Use The Indicator?
1) Visit our website URL shown below this description and signup
2) We will then grant your TradingView username permission to use our indicators
3) Go to your Indicators window, then the Invite-Only section and add our indicators to your chart
4) Our indicators will then show on every chart you now look at
5) You can set up alerts to be notified in real time of trading signals from our indicators
6) Read our user manual for all the best tips on how to use our indicators as part of a range trading strategy
7) Feel free to reach out to us for personal one-on-one help with getting setup
What Markets and Conditions Does It Work Best On?
All markets cycle between trending and ranging modes, and the key to successfully using these indicators is identifying when the market is in or about to go into a range trading mode, and as such it can be applied to all markets and timeframes.
Some markets and timeframes trade within ranges more predictably than others, for example Forex, Cryptocurrencies, and Futures on the 15 minute timeframe during the US night session can work well due to the lack of price sensitive news creating lasting trends. With Stocks & ETFs on the 5 minute timeframe during the midday session on large cap blue chip stocks with no recent news releases can show strong range trading environments to use our indicators in.
In addition to single markets, you can also use our indicators on pair charts, for example Coca Cola(KO) versus Pepsi(PEP), you can do this by entering KO/PEP inside your TradingView chart quote box and it will bring up a pair chart. Our indicators will show buy and sell signals right on the pair chart just like any other single instrument chart. You can get very creative with what type of pairs you can come up with.
Our indicators are primarily designed for day trading and swing trading, however they can also be used for position trading and investing by identifying technically oversold and overbought range levels that are based on current and past volatility around a dynamic average price, for this we recommend using a weekly chart to identify longer trading opportunities.
As always indicators should be used as part of a trading strategy to assist in making decisions, instead of just blindly following every signal they produce you should always seek to compliment technical trading signals with additional analysis to reduce your risk and increase your odds of making a winning trade.
Examples Of Use On Various Markets and Timeframes
GBP vs CHF Forex Pair 15 Minute Chart
Tesla Stock 1 Minute Chart
Bitcoin vs USD Crypto Pair 15 Minute Chart
Micro E-Mini SP500 Futures 1 Minute Chart
Mastercard vs Visa Stock Daily Pair Chart
To gain access to the Buy Sell Bands and Range Strength Indicators visit our website shown below.
Happy Range Trading :)
PS3_HTF_RCIndicator to flag and alert on stochastic ribbon cross & (optional) chande conditions to identify (with red & green triangles) when the trend has switched to short or long. Includes adjustable settings for setting your desired higher & lower timeframe, aswell as for higher and lower timeframe ribbon length, chande length & momentum.
Can be used to control lower timeframe trading, or in its own right as a trade entry indicator for swing trading. Example use is against BTCUSD in 30 minute time period but will work for any timeframe and coinpair with adjusted settings.
Send me a PM to get access.
Trader’s Pivot (also known as Bob's Pivots or Fish's Rule)Trader’s Pivot (also known as Bob's Pivots or Fish's Rule).
This indicator works on any time frame, daily or shorter and can be used in trading Stocks or Future contracts for day or swing trading.
For access to this indicator, please send private message.
20 Pips & Dip™ Indicator20 Pips & Dipp script based on a few different indicators which together provides powerful help for all level of traders, especially beginners. Also, script have toggles to switch on/off: Renko Reversal, EMA, HHLL, Support/Resistance, Daily Open modules.
1st Module – Renko Reversal Alerts Indicator. The Indicator point out a spot where the revers are happens. Any changes in Price that do not reach a minimum amount are usually filtered. This helps to keep attention on larger, significant moves, and helps not to avoid the minute fluctuations in the market.
How it’s works?
- ENTER a trade JUST AFTER 1 Renko brick is printed. BUY triangle (green buy text with green triangle) is generated if a bearish Renko Brick is followed by a bullish brick. In other words, a buy signal happens when a white block is drawn after a black one. The buy happens then at the closing price that may be higher than the top of the last brick. It can go two bricks up minus a tick or pip.
- EXIT that trade, and open a new reverse position, just after 1 Renko brick is printed in the opposite direction. SELL triangle (red sell text with red triangle) is generated if a bullish brick is followed by a bearish brick. In other words, a sell signal happens when a black block is drawn, after a white block. The same situation as with a buy signal happens on sell signals. There is an uncertainty on the close price that may go as far as one tick above the next potential bearish block.
How to create custom ALERTS? Right click on a sell or buy triangle > Add Alert > 20 Pips & Dipp > Choose between Long or Short opportunity. In options field choose ONCE PER BAR. All other options you can choose according to your personal needs. If you want alert for another option (i.e. Short opportunity) just add one more.
Just to know! To understand how those module work better to switch to Renko chart. But Renko Chart with Renko brick size & Timeframe less than 1 day available only for PRO+ accounts and better. Also, we need to say that TradingView platform do not provide TICK data as we know. So, it may confuse you. Be careful!
2nd Module – Moving Average Exponential. The exponential moving average (EMA) is a weighted moving average (WMA) that gives more weighting, or importance, to recent price data than the simple moving average (SMA) does. The EMA responds more quickly to recent price changes than the SMA. The formula for calculating the EMA just involves using a multiplier and starting with the SMA. Like all moving averages, this technical indicator is used to produce buy and sell signals based on crossovers and divergences from the historical average. By default, our EMA have 50 period. The 50 moving average is the standard swing-trading moving average and very popular. Most traders use it to ride trends because it’s the ideal compromise between too short and too long term. Some people call it medium-term.
How to use it? EMAs are commonly used in conjunction with other indicators to confirm significant market moves and to gauge their validity. For traders who trade intraday and fast-moving markets, the EMA is more applicable. Quite often, traders use EMAs to determine a trading bias. For example, if an EMA on a daily chart shows a strong upward trend, an intraday trader’s strategy may be to trade only from the long side on an intraday chart.
Limitations of EMA! An EMA relies wholly on historical data. Many people believe that markets are efficient - that is, that current market prices already reflect all available information. If markets are indeed efficient, using historical data should tell us nothing about the future direction of asset prices.
3rd Module - Pivot Points (High/Low). Also known as Bar Count Reversals, are used to anticipate potential price reversals. Pivot Point Highs are determined by the number of bars with lower highs on either side of a Pivot Point High. Pivot Point Lows are determined by the number of bars with higher lows on either side of a Pivot Point Low. Default period is 10.
How this indicator works? The longer the trend (the higher the period selected) before and after the Pivot Point, the more significant the Pivot Point. Pivot Points can be used to help determine where to draw trendlines in order to visualize price patterns.
Calculation! Pivot Point Highs are determined by the number of bars with lower highs on either side of a Pivot Point High. Pivot Point Lows are determined by the number of bars with higher lows on either side of a Pivot Point Low.
4th Module - Higher High Lower Low indicator. Higher high and higher lows and Lower lows and lower highs are trends in a chart. Stocks in general never go up or down in linear fashion, every rise is followed by correction and then again it may either go up or down, same is true for downtrend every fall is followed by a correction in the upward direction and then new downtrend or uptrend is followed. After every rise, the stock took breather corrected to some extent and then new uptrend began, when you see the correction every low is higher than the previous lows and every next peak is higher than it’s previous peak. This is higher highs and higher lows trend.
How it’s work? This script finds pivot highs and pivot lows then calculates Higher Highs, Higher Lows & Lower Lows, Lower Highs. And it calculates support/resistance by using HH-HL-LL-LH points. Generally, HH and HL shows up-trend, LL and LH shows down-trend. If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script can change bar colour blue or black by default. if there is up-trend then bar colour is blue, or if down-trend then bar colour is black. Support and resistance levels change dynamically.
Trick! If you use smaller numbers for Left Hand/Right Hand sides then it will be more sensitive!
5th Module - Daily Open Price. The opening price is the price at which a security first trades upon the opening of an exchange on a trading day; for example, the New York Stock Exchange (NYSE) opens at precisely 9:30 a.m. Eastern time. The price of the first trade for any listed stock is its daily opening price. The opening price is an important marker for that day's trading activity, particularly for those interested in measuring short-term results such as day traders.
Important! If daily open price was higher than current price, crosses will be red. And if daily open price lower than current price crosses will be green. Colours change dynamically.
You need to know it! An opening price is not identical to the previous day's closing price. There are several day-trading strategies based on the opening price of a market or security. Research “Gap Fade and Fill” or “Fade”.
Author – Christian Kopachelli . Huge thanks and credits to peoples which ideas, formulas, calculations, code snippets and code parts were used: Robert Nance, CryptoJoncis , FritzHaber , vacalo69 , Molle de Jong, Baris Yakut, LonesomeTheBlue , ChrisMoody , Robert N. ~~~ THANK you all! You are awesome!
DISCLAIMER! RISK WARNING!
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADERS SHOULD NOT BASE THEIR DECISION ON INVESTING IN ANY TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED, ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, TRADERS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON // OR ENTITY MAKING THE TRADING DECISIONS.
GBPUSD TREND DETECTION AND BUY/SELL ARROW SIGNALS INDICATORGBPUSD TREND DETECTION AND BUY/SELL ARROW SIGNALS INDICATOR
This script developed for active forex traders and based on Trend Analysis Indicators.
It used combination of Moving Averages, Volatility Indicator and Fractals and try to
detect reversal points of trends and generates buy/sell signals.
Works for all Forex currency pairs and time frames: 15MIN, 1H, 1DAY.
Can be used for swing trading and trend trading.
Advantage of this script indicator that all noise is filtered and signals detects long trends.
This make it useful as stand-alone trading strategy indicator or in combination with other indicators,
It is useful for day and intraday forex traders.
Main features of this indicator are:
✅ Forex Trend Reverse Points
✅ Forex breakout indicator
✅ Forex trend Signals
[astropark] ALGO Trading V3 [alarms]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on many timeframes (from 1h and above is suggested), just write me in order to help you find correct settings).
It must be said that this strategy works even better on 1m Renko chart!
If you are a scalper or you are a swing trader, you will love suggested entries for fast and long-lasting profit.
Keep in mind that a proper trailing stop strategy and risk management and money management strategies are very important (DM me if you need any clarification on these points).
This is not an evolution of "ALGO Trading V1" or "ALGO Trading V2" , but a twin sister of them.
For your reference, here it is the "ALGO Trading V1" indicator
and here the "ALGO Trading V2"
This strategy has the following options:
enable/disable signals on chart
enable/disable bars and background coloring based on trend
enable/disable a "filter noise" option , which try to reduce overtrading (you can easily check it on backtesting)
enable/disable a Take Profit / Stop Loss option (you can easily check it on backtesting too)
enable/disable a secret SmartOption which may improve profit on your chart (again, check it on you chart if it helps or not)
This strategy only trigger 1 buy or 1 sell. If you enable Take Profit / Stop Loss option, consider that many TP can be triggered before trend reversal, so take partial profit on every TP an eventually buy/sell back lower/higher to maximize your profit.
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
The one for backtesting purpose can be found by searching for the astropark's "ALGO Trading V3" and then choosing the indicator with "strategy" suffix in the name, or you can find here below
Strategy results are calculated on the time window from 1995 to now, so on more than 15 years, using 1000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you backtest how the indicator will perform on any chart and timeframe you may like to test and/or trade. Of course results will be very different depending on the chart and timeframe you will open. I tested a lot of charts and always you can find a combination that keep this strategy in profit on swing trading style (and this means that if you can have a daily look at the chart you can always manage to maximize your profit on each trade!)
This is a premium indicator , so send me a private message in order to get access to this script.
MXKE | Swing Trader AssistIntroduction
Swing Trader Assist indicator is designed to assist in the systematic identification of Hammers & Lookback signals within Uptrending markets, Stars & Lookback signals within Downtrending markets, and Mean Reversion signals within Sideways markets. The trader must first identify a strong market trend, then apply the indicator. Application of the indicator to weak trends will render equally weak signals. Application of the indicator to strong trends will render equally strong signals. Identification of strong trends is the responsibility of the individual trader and is instrumental to the successful deployment of this indicator and accompanying trading plan.
*Please comment below to request access*
*Please share with me on Twitter your usage and/or ideas for improvement so that I may improve this indicator in the future*
Market Types
Uptrend: Higher highs + Higher lows
Downtrend: Lower highs + Lower lows
Sideways: Higher highs + Lower lows (Expanding Range) or Lower highs + Higher lows (Narrowing Range)
Position Sizing
1R = .25%-2% of total nominal capital dependent upon timeframe and risk appetite
Order Types
Entry: Buy Stop 1 tick above High of “Up” Signal Bars; Sell Stop 1 tick below Low of “Down” Signal Bars
Stop: Bar Close <= 1 tick below Low of “Up” Signal Bar; Bar Close >= 1 tick above High of “Down” Signal Bar
Profit Target: 1.5R distance from “Up” or “Down” fill level with the option to trail stop on each new swing high/low; Bollinger Band Midline minimum 1.5R distance from “Sideways” fill level with option to trail stop on continuation to the opposite end of the range (opposite Bollinger Band)
Trading Plan
❑ Market Type is clearly identifiable as Up, Down or Sideways
❑ Swing Trader Assist indicator is set to the corresponding Market Type: Up, Down or Sideways
❑ Position size is no more than .25%-2% of total nominal capital (based on distance from Signal Bar fill level to Signal Bar stop level as 1R)
❑ Distance from Signal Bar fill level to potential Profit Target is minimum 1.5R
❑ On Hammer or Star fill: close position into trend extension at 1.5R+ or adjust trailing stop on each new swing high/low
❑ On Mean Reversion fill: close position at midline or adjust trailing stop on each continuation to opposite end of range
Usage Notes
The indicator will display developing signals intrabar and it is therefore suggested to wait until bar close to act on any signals. “Autodetect” setting under “Market Type” is currently in beta mode. While it is designed to reveal only relevant signals within strong trends based on a series of EMAs, this setting has not been extensively tested. Use with caution.
The indicator is not meant to be a mechanical trading system. It is designed to assist the trader in objectively and systematically identifying signal bars during the execution of the below swing trading plan. It is up to the trader to determine if overall price action warrants acting upon the signal bars or not.
Case Studies
[astropark] Ichimoku Cloud Strategy [alarms]Dear Followers,
today a Great Swing Trading Strategy , runnable on a bot , which works great on High Timeframes (1D is suggested!) but also even better on 1m Renko chart.
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe (below is not suggested) if you are used to scalp trading and close each trade whenever you feel happy (a proper trailing stop strategy is suggested anyway).
This strategy is based on the Ichimoku Cloud Indicator and let's you set a lot of settings:
works on all timeframes (but 1D and above is suggested on normal candlesticks chart)
you can run this indicator on 1m Renko chart (be sure to enable the "USING RENKO CHART? ENABLE THIS OPTION" setting)
you can use 4 kind of Ichimoku Cloud (Custom, Slow, Standard and Fast - keep only one enabled)
you can make the Ichimoku Cloud show or not
you can enable showing the possibile re-entries
you can enable an heiking ashi analysis
you can enable a trailing stop strategy ("Auto Trailing Stop Loss" and "Close Trade When Price Breaks Above the Ichimoku Cloud" are two options very much suggested to keep enabled, especially on bot trading)
you can create your own trailing stop stategy and take profit strategy
you can enable a simple take profit strategy based on RSI Overbought and Oversold levels
This strategy only trigger 1 buy or 1 sell, but if you missed the possibility to open your long or short position don't get mad, but just enable the "show re-entry signals" option, so yout will be able to enter again (be sure to always use a proper money management ).
By the way, you can set any alarms you like in order to get notified when any kind of signal is triggered (you need to use the "alarms" version for this).
Strategy results are calculated on the timeframe from May 2017 to now, so on 2 years and half, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure tp use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you set all notifications you may need in order to be alerted on each triggered signals (there is also an "ALL-IN-ONE" option for free tradingview users.
The backtesting version of this indicator, which will let you backtest how the indicator will perform on any chart you may test, can be found by searching for "Ichimoku Cloud Strategy" and then choosing the astropark indicator with "red and green arrows" at the end of the name. You can find it here below too:
This is a premium indicator , so send me a private message in order to get access to this script.
