PowerOfStocks_5EMAThis indicator is based of Subhashish Pani's (power of stocks) 5 EMA Strategy.
It plots 5 EMA and Buy/Sell signals with Target & Stoploss levels.
What is Subhashish Pani's (power of stocks) 5 EMA Strategy :-
His strategy is very simple to understand. for intraday use 5 minutes timeframe for selling. You can sell futures, sell call or buy Puts in selling strategy.
What this strategy tries to do is , it tries to catch the tops, so when you sell at top & it turns out to be a reversal point then you can get good profit.
this will hit stop losses often, but stop losses are small and minimum target should be 1:3. but if you stay with the trend you can get big profits.
According to Subhashish Pani this strategy has 60% success rate.
Strategy for Selling (Short future/Call/stock or buy Put)
When ever a Candle closes completely above 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle.
If the next candle is also completely above 5 ema and it has not broken the low of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle.
so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the low of the Alert Candle we should take the Short trade (Short future/Call/stock or buy Put).
Stoploss will be above high of the Alert Candle and minimum target will be 1:3.
Strategy for Buying (Buy future/Call/stock or sell Put)
When ever a Candle closes completely below 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle.
If the next candle is also completely below 5 ema and it has not broken the high of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle.
so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the high of the Alert Candle we should take the Long trade (Buy future/Call/stock or sell Put).
Stoploss will be below low of the Alert Candle and minimum target will be 1:3.
Buy/Sell with extra conditions :
it just adds 1 more condition to buying/selling
1. checks if closing of current candle is lower than alert candles closing for Selling & checks if closing of current candle is higher than alert candles closing for Buyling.
This can sometimes save you from false moves but by using this, you can also miss out on big moves as you'll enter trade after candle closing instead of entering at break of high/low.
Note :- According to Subhashish Pani Timeframe for intraday buying should be 15 minutes Timeframe.
If you haven't understood the strategy by reading above description, then search for "Subhashish Pani's (power of stocks) 5 EMA Strategy" on youtube to get a deeper understanding.
Note:- This is not only for Intraday trading , you can use this strategy for Positional/Swing trading as well. If you use this on Monthly Timeframe then it can be very good for Long Term Investing as well.
Rules will be same for all types of trades & Timeframes.
Cerca negli script per "the strat"
TARVIS Labs - Alts Macro Bottom/Top SignalsSCRIPT DESCRIPTION
PLEASE READ THROUGH THIS CAREFULLY.
This is a script specifically written to help provide indicators from a macro view for ALTS. This script needs to be run on the 1 day. It helps indicate when to accumulate alts, and when its in a bull run when this a bull run top beginning to form with warnings, and a indicator that a top is in. This is described further below.
NOTE - in order to accomodate most alts the script had to be broad enough in its indicators to cover many different scenarios. If you are trading a smaller altcoin I suggest taking a more conservative approach to accumulation.
FAQs:
1. Why is there no accumulation zone showing up before an uptrend?
This could be because the trend has been so strong for this coin that there hasn't been a strong enough signal to accumulate or this could be that the chart doesnt have enough historical data (needs over 2 years) for the indicators to flash green.
2. Why is there no tops shown for a chart Im looking at?
This is either because there isn't enough historical data (needs over 2 years) for the indicators to build or because the altcoin didnt perform as well as the rest of the market. The altcoin has to perform as well as the market over the length of the bull run in order for the signals to show. Typically an altcoin that shows sharp increases and sharp drops shortly after will not have signals show up.
3. The "Potential End of Bull Run Top Indicator" showed up but we weren't near the top yet, why is that?
The alts indicator has to work across many altcoins, and their trends are not all the same. This can lead to the indicator showing but not necessarily being the exact top. The data from the alts macro bottom/top signals should be paired with the "TARVIS Labs bitcoin macro bottom/top signals" indicator for BTC. The reasoning is because if the top is not showing that its in for Bitcoin its likely that the altcoin's top is also not in. You should use the two in tandem to know if the bull run top is very likely in.
ACCUMULATION ZONE INDICATOR - LIGHT GREEN
Description
When we look at the general crypto landscape, the 200d & 300d EMAs are extremely useful. We can use their cross and momentum in order to determine a bottom forming. If the price has fallen over 40% below the 200 day EMA and the 200 day EMA has crossed below the 300d EMA, its a downtrend with a steep fall, which could indicate a good time to accumulate. When we see the 200 day EMA's slope drop drastically (over 5% w/w) it is also a good signal to accumulate.
Strategy for Usage
For alts, the strategy can vary drastically. You need to take into account:
1. the market cap of the altcoin, is it a smaller market cap altcoin or a larger one?
2. historical trend, does it typically trend strongly with a smaller accumulation zone?
Once you've taken these into account you can form a strategy. For example, if the altcoin has had smaller accumulation zones historically you'll want to take advantage of the accumulation zones when they pop up and be more aggressive (say a 30 day accumulation). If the altcoin has historically had longer accumulation zones then you'll want to be more conservative with your strategy and potentially have a 100 day (or even longer) accumulation period. If the altcoin is a smaller market cap alt, you will want to also take that into account. You'll want to likely be more conservative,
STRONG BUY IN ACCUMULATION ZONE INDICATOR - DARK GREEN
Description
We can add to the bottoming signal by looking for strong downtrends inside the bottoming signal. We do this by seeing when the 36 day EMA has a slope decreasing by 2% day/day.
Strategy for Usage
These strong downtrend days can be used to add more to our accumulation strategy. We can add more on these days (ex. double what you were planning to on a typical accumulation day).
LOCAL TOP NEAR BULL RUN TOP INDICATOR - RED
Description
When the 100 week EMA is in a strong uptrend (4% increase w/w) we can look for significant loss of momentum in order to determine if a local top is in near a bull run top. This strategy uses a MACD with 9/36/9 config for the daily chart. We look for the signals momentum loss, when the slope becomes negative.
Strategy for Usage
Ideally the right strategy to use here is to exit the market when this indicator starts. When the indicator ends if the "Potential End of Bull Run Top Indicator" is not showing on the chart you can buy back into the market.
POTENTIAL END OF BULL RUN TOP INDICATOR - DARK RED
Description
When the 100 week EMA is in a strong uptrend (3% increase w/w), and a MACD config of 108/234/9 has a negative signal slope signifying a very large momentum loss, but the 1d 18 EMA is still above the 1d 63 EMA we show this signal.
Strategy for Usage
This is a strong indicator that the top is in, and it potentially being the bull run top. Because alts can vary strongly in their charts, this should be a strong warning but not necessarily a certainty that the bull run is over.
TARVIS Labs - Bitcoin Macro Bottom/Top SignalsSCRIPT DESCRIPTION
This is a script specifically written to help provide indicators from a macro view. This script is best run on the 1 day interval on Bitstamp's $BTCUSD chart. It helps indicate when to accumulate bitcoin, and when its in a bull run when there are local tops, strong top warnings, and a signal to exit a bull run. This is described further below.
If you don't have interest in trading on the way to the top I suggest turning off the following indicators in the settings of the indicator:
- Opportunity To Buy Back In Indicator
- Local Top Near Bull Run Top Indicator
ACCUMULATION ZONE INDICATOR - LIGHT GREEN
Description
When we look at the history of Bitcoin every bottom has crossed below the 100 week EMA. Once it does its accompanied by hash ribbon cross with miner capitulation. After that is the prime time to accumulate as theres a clearer signal the bottom is in. Specifically, a signal to look for is the 14 day MACD/signal cross and the 14 day MACD continuing to stay above the signal until the price returns above the 100 week EMA. This is prime accumulation territory.
Strategy for Usage
A good strategy to use when accumulating the bottom is dollar-cost averaging over a 30 day period. The accumulation zone can last longer than 30 days but 30 days is a good range of time to DCA.
STRONG BUY IN ACCUMULATION ZONE INDICATOR - DARK GREEN
Description
We can add to the bottoming signal by looking for post-downtrend reversals inside the bottoming signal. We do this by using a 9/19 daily cross.
Strategy for Usage
These post-downtrend reversals can potentially provide better targeted days for accumulation than the broader bottoming signal and can be used to add more on that day than on an average day for the dollar cost average strategy. Say for example, use 1/3 of funds on these days rather than 1/30th.
OPPORTUNITY TO BUY BACK IN INDICATOR - BLUE
Description
When the 1d 18 EMA > 1d 63 EMA and the 12/52 1d crosses. These together provide good buy opportunities to buy bitcoin.
Strategy for Usage
If you happen to find yourself out of the market from your own TA or a trade, this signal can provide a buy opportunity to reenter the market if you're out of it.
BULL RUN LOCAL TOP INDICATOR - ORANGE
Description
We will similarly use the 100 week EMA to determine trend reversal into a bull run. When we see the 100 week EMA uptrending, we can begin to look for local tops using the 9/19 daily MACD/signal bearish cross along with the 12 EMA having a negative slope, which could be the beginning signal for a local top.
Strategy for Usage
This is a rather light indicator, but can be used in tandem with your own technical analysis to determine if you want to reenter after you exit from its signal.
LOCAL TOP NEAR BULL RUN TOP INDICATOR - RED
Description
When the 100 week EMA is in an uptrend we can look for significant loss of momentum in order to determine if a local top is in near a bull run top. Similar to the Bull Run Local Top Indicator, this strategy uses a MACD/signal cross but instead uses the 30/65 day EMAs.
Strategy for Usage
Ideally the right strategy to use here is to exit the market when this indicator starts. When the indicator ends if the "End of Bull Run Indicator" is not showing on the chart you can buy back into the market.
TOP IS LIKELY IN INDICATOR
Description
When the 100 week EMA is in a very strong uptrend and the 9/19 weekly MACD/signal bearish cross occurs, and the 63 EMA begins to downtrend.
Strategy for Usage
This signal typically accompanies the "Local Top Near Bull Run Top Indicator" therefore if you're following the strategy you would likely already be out of the market, but if you're not and this signal fires its a strong signal the top is in and we're likely going to start seeing a strong retrace. This is typically right before we see the "End of Bull Run Indicator". There is only one occurrence where it wasn't followed by a large drop & the "End of Bull Run Indicator" and that was in the 2017 bull run where there were many strong retracements post local top. The likelihood we see that again is low, but if it were to happen you can buy back into the market when the "Top is Likely In Indicator" and the "Local Top Near Bull Run Top Indicator" are not firing.
TOP IS LIKELY IN INDICATOR
Description
When the 100 week EMA is in a strong uptrend and the 9/19 weekly MACD/signal bearish cross occurs, and the 63 EMA begins to downtrend.
Strategy for Usage
This signal typically accompanies the "Local Top Near Bull Run Top Indicator" therefore if you're following the strategy you would likely already be out of the market, but if you're not and this signal fires its a strong signal the top is in and we're likely going to start seeing a strong retrace. This is typically right before we see the "End of Bull Run Indicator". There is only one occurrence where it wasn't followed by a large drop & the "End of Bull Run Indicator" and that was in the 2017 bull run where there were many strong retracements post local top. The likelihood we see that again is low, but if it were to happen you can buy back into the market when the "Top is Likely In Indicator" and the "Local Top Near Bull Run Top Indicator" are not firing.
END OF BULL RUN INDICATOR
Description
When the 100 week EMA is in an uptrend and the 1d 18 EMA crosses the 1d 63 EMA.
Strategy for Usage
When the 100 week EMA is a strong uptrend and the 18/63 cross occurs the top is very likely in. It has occurred in every bull run top leading to the bear market.
2 Ema Pullback StrategyHi everyone!
CAUTION... This is only an indicator. Do not rely 100% on it.
I made this indicator hoping to help everyone with this specific Pull Back Scalping Strategy.
RULES:
Time Chart of 5minuts
LONG Condition - "EMA Red Line" below the "EMA Blue Line" and wait for a green long signal.
SHORT Condition - "EMA Red Line" below the "EMA Blue Line" and wait for a red short signal
Feel free to add any adjustments or give feedback so we can improve.
The strategy idea and guidelines came from "The Master" Juan Luis.
Autor: © Germangroa
AveragerStrategy:
The indicator builds horizontal channels to help you make a buying decision.
Rules:
1. First purchase:
1.1 If the price is in the green channel (3): feel free to buy in the amount of 3 lots.
1.2 If the price is in the blue channel, then we look for moving averages to be closer to the corresponding channel lines.
1.2.1 In channel 2, the blue MA is closer to the blue channel line (above the green one), the green MA is closer to the green channel line (below the blue one).
1.2.2 In channel 4, the blue moving average is closer to the blue channel line (below the green one), the green moving average is closer to the green channel line (above the blue one). If the conditions are met, we make a purchase in the number of lots indicated in the channel label (2 or 4 lots).
1.3 We do not make the first purchase in the red channels (1, 2, 5).
2. Subsequent purchases/sales:
2.1 When the price moves from one channel to another, we keep the number of lots in accordance with the channel labels. If the price went into the lower channel, we buy 1 more lot, if it goes into the upper channel, we sell 1 lot.
3. Suitable timeframes: from 1H to 1W. Best of all shows the result on the 1D timeframe.
Labels (except 0) contain information about the number of lots and the average price of the channel for placing pending orders ONLY for sale. We always buy manually.
The strategy is not an individual recommendation.
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Стратегия:
Индикатор строит горизонтальные каналы, помогающие принять решение о покупке.
Правила:
1. Первая покупка:
1.1 Если цена находится в зеленом канале (3): смело покупаем в количестве 3 лота.
1.2 Если цена в синем канале, то смотрим, чтобы скользящие средние были ближе к соответствующим линиям канала.
1.2.1 В канале 2 синяя скользящая - ближе к синей линии канала (выше зеленой), зеленая скользящая - ближе к зеленой линии канала (ниже синей).
1.2.2 В канале 4 синяя скользящая - ближе к синей линии канала (ниже зеленой), зеленая скользящая - ближе к зеленой линии канала (выше синей). Если условия соблюдены, делаем покупку в количестве лотов, указанному в лейбле канала (2 или 4 лота).
1.3 В красных каналах (1, 2, 5) первую покупку не совершаем.
2. Последующие покупки/продажи:
2.1 При переходе цены из одного канала в другой держим количество лотов в соответствии с лейблами канала. Если цена ушла в нижний канал - докупаем 1 лот, если в верхний - продаем 1 лот.
3. Подходящие таймфреймы: от 1Ч до 1Н. Лучше всего показывает результат на 1Д таймфрейме.
Лейблы (кроме 0) содержат информацию о количестве лотов и среднюю цену канала для выставления отложенных ордеров ТОЛЬКО на продажу. Докупаем всегда вручную.
Стратегия не является индивидуальной рекомендацией.
Dual Fibonacci Zones & Ranged Vol DCA Study - R3c0nTraderWhat does this do?
This signal script (aka Study) was created so it could be used with the corresponding strategy "Dual Fibonacci Zone & Ranged Vol DCA Strategy - R3c0nTrader" to create the buy and sell signals for 3Commas bots.
How to Use
Configure the study to match your settings you have set in the strategy. This script comes with an buy and sell alert conditions built-in. Just click to add alert and select Buy or Sell and paste in your bot messages.
Credits:
Thank you "EvoCrypto" for granting me permission to use "Ranged Volume" to create this study
Thank you "eykpunter" for granting me permission to use "Fibonacci Zones" to create this study
ATRvsDTR + ADR Zone + SSS50%This Script is to be used for intra day as far as the adr zones. The adr zones are used as support and resistance but also can be used to determine whether the stock is breaking out or not. Also being that the adr zones are calculated using a 5 or 10 day period unless you change the settings, and are set when price opens. It does really help you know whether a stock is moving more than it does on average to me it just signifies its directional. So I added the atr vs dtr so you can see what a stock moves on average versus what it has moved today.
The atr period is calculated based on the daily period unless you change the settings. I added to the original script 3 more percentages the atr vs dtr will change as it goes higher so that you can be aware when the stock is getting closer to moving 100% of its atr. Even though a stock breaks above or below the adr that doesn't mean it has moved more than it normally moves.
I also have the weekly open on the script as I trade the strat and I want to know, at what price the the week will change from bearish to bullish and vice versa. So that I can understand the trend when I am trading intraday.
The 50% lines were added for Sara strat snipers 50% rule and you can change the timeframes on them. This is used to know whether a candle will go 3. This also can help with retracements vs reversals, because in traditional technical analysis 50% is around where people start think its a reversal more so than a retracement.
I believe the script will be very help as it can show you price being directional but can also let you know when the stock is getting close to moving more than it normally has or if it has moved more than it normally has. As well as being able to see if something is a retracement vs a reversal. I trade TheStrat strategy so this can be very helpful in that regard
The 50% retracement levels are default 1h and daily. You can change them and whether or not they show
In the example chart you can see we are below weekly open which is bearish and you can also see where price reverses out of the upper adr zone. As well as how much of the atr we have moved on this day in time.
Fibonacci Zone Study w/Candles - R3c0nTraderCredits:
Thank you "eykpunter" for granting me permission to use "Fibonacci Zones" to create this study
What does this do? How is it different?
This study was created so it can be used with the strategy 'Fibonacci Zone DCA Strategy - R3c0nTrader' in order to generate buy/sell signals for a 3Commas bot.
I was not able to use "eykpunter's" "Fibonacci Zones" to create these signals as it was missing the code for this. To create the buy or sell signal you need to be able to create an alert for when the price moves through the Fib levels. Unfortunately, the "price" is not available to be selected when creating an alert with the original study. Hence the need to create this new study and to resolve the issue.
This study has overlay turned off by default so it will appear in a separate pane below your active chart. I did this so I can clearly view and separate the strategy from the study.
Steps Overview:
Add the study to your chart
Configure the study to match the Fib length you used in the strategy.
Create Alerts from the study to generate the buy or sell signals to 3Commas
The below steps for creating signals are just examples! Since there are numerous ways you can open or close a trade from a signal, please do your own testing. This cannot be understated.
Example of how to generate buy signals:
After adding the study, select the three dots for this study and click on "Add an alert on Fibonacci Zone Study /w Candles…"
Setup the condition to trigger the alert. If you want to initiate a buy when the price crosses over the top of the lower Fib zone (downtrend zone), then use the following:
Condition>Fibonacci Zone Study>Price High>Crossing Up>Fibonacci Zone Study>Top-Low Fib Border
Options>Once per bar
Expiration>Open-ended
Alert actions>Webhook URL (use the 3Commas webhook URL)
Alert name>Enter a name, "BUY Paper-Fib-Bot"
Message>Use the 3Commas message from the paper bot to open the trade
Example of how to generate sell signals:
After adding the study, select the three dots for this study and click on "Add an alert on Fibonacci Zone Study /w Candles…"
Setup the condition to trigger the alert. If you want to initiate a sell when the price reaches the top of the High Fib zone (uptrend zone), then try the following:
Condition>Fibonacci Zone Study>Price High>Crossing Up>Fibonacci Zone Study>Top-High Fib Border
(Note: I used "Crossing Up" but "Crossing" is another option; I just haven't tested it yet with a paper bot)
Options>Once per bar
Expiration>Open-ended
Alert actions>Webhook URL (use the 3Commas webhook URL)
Alert name>Enter a name, "SELL Paper-Fib-Bot"
Message>Use the 3Commas message from the paper bot to close the trade
[BM] HTF Candle Evolution█ OVERVIEW
This script shows how a higher timeframe candle evolves over time.
It was created as a visual aid to #TheStrat and provides a new way of looking at Timeframe Continuity.
█ FEATURES
General
HTF: Higher Timeframe selection with dropdown and ability to manually input a timeframe that is not present in the dropdown.
Label: Show a label with the selected higher timeframe.
Marker: Shows a marker symbol at the start of each new higher timeframe.
Align: Aligns the candles around a selected center line.
The Strat
Multi-timeframe analysis is used extensively in #TheStrat (created by Rob Smith), so the ability to add #TheStrat coloring has been made available.
Scenario: Define the colors for the strat scenario's.
Coloring of: Choose which part of the candles you want the selected strat scenario colors to be applied to.
Band: Display a band that shows the active strat scenario color of the selected higher timeframe.
All features are completely customizable.
Accelerating Dual Momentum ScoreThis is a score metric used by the Accelerating Dual Momentum strategy.
According to the website you referenced when you created, the strategy is as follows:
Strategy Rules
This strategy allocates 100% of of the portfolio to one asset each month.
1. On the last trading day of each month, calculate the “momentum score” for the S&P 500 ( SPY ) and the international small cap equities (SCZ). The momentum score is the average of the 1, 3, and 6-month total return for each asset.
2. If the momentum score of SCZ > SPY and is greater than 0, invest in SCZ.
3. If the momentum score of SPY > SCZ and is greater than 0, invest in SPY .
4. If neither momentum score is greater than 0, calculate the 1-month total return for long-term US Treasuries ( TLT ) and US TIPS (TIP). Invest in whichever has the higher return.
Source: portfoliodb.co
Template Signal IndicatorThis script is an example on how to create a custom indicator that produce start/end long/short deal signals based on configurable conditions from internal and external indicators.
This indicator can be used as an external indicator to other strategies like "Template Trailing Strategy" that will execute the deals and enter the desired positions based on the signals produced by this script.
Combining this script with the aforementioned strategy (or any other compatible) has the advantage that you can backrest the results of your custom deal conditions. Also additional functionality that is provided by the strategy can be utilized (e.g. Take Profit Targets, Trailing Stop Loss etc.).
In this particular example I combined the RSI and Stoch RSI indicators (internal) with the "Trend Explorer" indicator (external) so it produces buy and sell signals based on the logic I defined in the input tab of this indicator. To combine "indicators on indicators" you need Pro+ TV subscription.
The convention I use to communicate the signals is the following (2 -> enter long, 1 -> exit long, -2 -> enter short, -1 ->exit short). However, this convention is also configurable in the consumer/strategy script "Template Trailing Strategy" so make sure that both script "speak the same language" before procced.
Previous High/Low LevelsPrevious High/Low Levels
Select 5 Custom Timeframes to display the previous High and Low levels on your chart.
NOTE: For Levels to work correctly and for price labels to be displayed, Right-click chart background -> select Settings -> select Scales -> tick “Indicator Last Value Label".
Once indicator has been added open settings and select timeframe, color, labels, offset parameters and line style as desired then SAVE.
Handy when using The Strat.
JPM VIX Signal - Non OverlayJPMorgan Chase & Co . strategists have identified what they say is a near bulletproof indicator to strengthen their argument that stock markets are poised to rally.
The buy signal is triggered when the Cboe Volatility Index ( VIX ) rises by more than 50% of its 1-month (30 day) moving average, which it last did on January 25th 2022, according to the strategists led by Mislav Matejka. The indicator has proven 100% accurate outside of recessions over the last three decades.
Instructions:
Symbol - SPY
Timeframe - Daily
Signal - Indicator exceeds horizontal line of 1.5
JPMorgan VIX Buy SignalJPMorgan Chase & Co. strategists have identified what they say is a near bulletproof indicator to strengthen their argument that stock markets are poised to rally.
The buy signal is triggered when the Cboe Volatility Index (VIX) rises by more than 50% of its 1-month (30 day) moving average, which it last did on January 25th 2022, according to the strategists led by Mislav Matejka. The indicator has proven 100% accurate outside of recessions over the last three decades.
Instructions:
Symbol - VIX
Timeframe - Daily
Red Triangle - Close / 30 Day SMA >= 1.5
CPR Option Selling StrategyGood afternoon traders,
This is a script I built for option selling, in attempt to have a high success rate.
The gist of how it works:
It uses the opening or close of the current chart's timeframe opening bar when referenced against a designated (higher) timeframe's central pivot range (CPR).
Using that comparison, this script calculates an option to sell: put, call, or iron condor. It will calculate a call value using an average of the CPR central pivot and the max value of the prior higher timeframe's high or R1 (whichever is higher.)
It does the same for the put side, but uses the higher timeframe's low or S1 (whichever is lower.)
It will use the option on the other side of the source (open or close) of the CPR as the "option in play."
Settings:
There are many settings, most are simply "viewable" settings, and probably self explanatory, others, not so much:
"Source for Trigger" - this is the value used on the "opening bar," such as the close. This value is the one compared to the Central Pivot Range in determining whether to sell a call (if the source is lower,) sell a put (if the source is higher,) or an iron condor if it's in the CPR.
"Show Historical Win/Loss Percentages" - this shows a table in the bottom right of the W/L percentages for the current ticker and settings. Used for a quick glance at historical success rates.
"Extend Developing Levels Into the Future" - This will extend the developing values for CPR values, call and put values into the future (good for trying to trade early or setting up pre-market trades, assuming there will not be huge gap in one direction or another.)
"Select Higher Timeframe" - "Auto" will choose the higher timeframe for you. "Manual" will use the next field...
"If Manual, Timeframe for Pivots" - allows you to choose a different higher timeframe.
The next two sections are simply whether to show the plots for different levels of traditional and/or camarilla pivot points.
The last section will allow you to just filter on certain days. Really only useful for "backtesting" certain 0DTE trades on some daily options during the hourly chart.
Example use:
An example use (which I completed last week) on the chart referenced in this share: I sold a put-spread for $0.90, selling a 590 and buying a 570 strike in the middle of the week. I was looking at an hourly timeframe chart with a weekly pivot timeframe for the strategy.
Obviously, making only $0.90 on a $20 spread, there is a lot more to lose than to make, but I did some other analysis to go with it, so I felt safe, and I had a stop set for $1.50. So it worked, along with 3 other plays I did, very similar, and if that "Historical Win/Loss Percentage" is accurate, which I am fairly certain it is, I felt good about it.
The key all comes down to what you sell it for, right? That piece only you can determine. :)
Happy trading and enjoy,
Deuce
J-BUY & SELLIntroduction
I have been tracking the technical indicator for a long time. In my experience, I have tried various combinations of the existing indicators in the chart but have not been able to get satisfactory results.
The trend analysis method needs a lot of focus and time. Therefore, rather than speculating the future trend, I focused on building a code which will be continuous in terms of indications and remove the speculation out of the strategy. Hence, allow for automation.
Indicator Strategy
This is a simple, yet powerful indicator primarily based on price action and its relationship with SMAs .
Each candle is compared with the moving averages and the output is shown as a buy and sell signal through Up & Down arrows. Up arrow is a buy indicator and Down arrow is a sell indicator.
However, you might see in some case there is no Buy or Sell signals indication on the candle. No worries, please follow the previous signal in these cases.
How to add the indicator into your chart
1. Click the “Indicators” tab in the Trading view chart Tool Bar.
2. In the “Indicator & Strategies” menu, click on Public Library option.
3. Search for the “J-BUY & SELL” in the search box.
4. Add the indicator by clicking on the result.
How to add Buy & Sell alert
In addition to the indicator, you can also set BUY & SELL alerts for any of the stock/ index/ commodities etc.
1. Hover your mouse cursor over the indicator on the chart.
2. Click on the three dots captioned as “More”
3. Choose the option “Add alert on J-BUY & SELL”
4. You can choose the alert “Buy Bar/ Sell Bar or both as per your requirement by pressing the “Create” button.
Change the Color of the Up & Down arrows
For changing the color of the arrows, please “double click” on the arrow and the color as per your choice.
Volume Adaptive Chikou Scalping StudyIDEA PLACEMENT
This indicator uses “Chikou” cross concept of Ichimoku cloud indicator and enhances usage of High/Low data with Volume Breakout and Volatility based dynamic adaption.
I’ve been working on making Moving Averages more adaptive based on Volume Breakout and Volatility but as we know Mas work better on close values. I wanted to create a study that may have maximum data available and that’s how I came up with the concept of making adaptive Ichimoku Cloud. Except, I used different concept than Ichimoku. As we know that Tenkan-sen and Kijun-sen from Ichimoku Cloud average out highest and lowest values within 26 and 9 period respectively but I tried making it Volume Breakout and Volatility based Adaptive but couldn’t get better results.
Along the way I came up with an idea of instead of averaging out just keeping the High/Low values data separate and intact and to do so I took Linear regression of High values of Volume Breakout and Volatility based Adaptive dynamic period and similarly with Low values.
Then the strategy was to use Chikou for crossover and crossunder indication and for this purpose I used Chikou with same dynamic length as used before in High/Low linear regression.
The idea becomes simple as when Adaptive Dynamic Chikou crosses Adaptive Dynamic Linear Regression of High/Low values then Lowest / Highest value within current Adaptive Dynamic Length becomes the next Support / Resistance.
SIGNALS
Not every Chikou cross would give signal instead signal should be supported by either Volume Breakout or Volatility whatever you have selected from.
FIBONACCI EVELOPE BANDS
I’ve included ATR based Fibonacci multiple bands which would act as good support/resistance zones.
DEFAULT SETTINGS
I’ve set default Minimum length to 20 and Maximum length to 50 which I’ve found works best for almost all timeframes but you can change this delta to adpat your timeframe accordingly with more precision.
Dynamic length adoption is enabled based on both Volume and Volatility but only one or none of them can also be selected.
Trend signals verification is enabled based on Volume but Volatility can also be enabled for more precise confirmations.
In “RVSI” settings TFS Volume Oscillator is set to default but others work good too especially Volume Zone Oscillator. For more details about Volume Breakout you can check “MZ RVSI Indicator”
ATR breakout is set to be true if period 14 exceeds period 46 but can be changed if more adaption with volatility is required.
FURTHER ENHANCEMENTS
I’ve used Linear Regression of High/Low values because I found better results with it but SMA and HMA can also be used. I’m planning to perpetually use this study for Dynamically length adaption and trades confirmations in other strategies.
Median Convergence DivergenceIntroduction
The Median Convergence Divergence (MCD) is a derivative of the Moving Average Convergence Divergence (MACD). The difference is the change in the use of the measure of central tendency. In MACD, moving average (mean) is used, whereas, in MCD, the median is used instead. The purpose of using the median is to eliminate the outlying values, which would be calculated for a moving average. The outliers would affect the value of the moving average.
For example: 3, 5, 7, 8, 5, 4, 2, 1, 6, 21, 8. The data set average is 6.3, whereas the median value is 5. There is a difference of about 23% in the example. The reason is the outlying value '21' in the data set.
As the markets are volatile, outlying values can always emerge. A moving average will consider those values; on the other hand, the median will ignore. If the strategy calls for a tool to ignore the outliers, the Median Convergence Divergence would be a great centered oscillator.
The default values have changed to suit the current trading days in a week. When the MACD was introduced, there would be six trading days in a week. Therefore, it used 12 (2 weeks), 26(4 weeks), and 9 ( 1.5 weeks). But now that there are five trading days per week. The default values are adapted to them. Feel free to change them as per your wish.
Recommended Settings
The current settings are set to be used for the Daily Time Frame: 5 day period for the fast line, a 20 day period for the slow line, and a 10 day period for the signal line. (5 days represent a trading week, 10 days is two weeks, and 20 days is 4 weeks or a month)
For the weekly charts, use 4 week period for the fast line, 13 week period for the slow line, and 8 week period for the signal line. (4 weeks represent a month, 8 weeks is two months, and 13 weeks is 3 months or quarterly)
And for monthly charts, use 3 month period for the fast line, 12 month period for the slow line, and 6 month period for the signal line. (3 months is quarterly, 6 months is bi-yearly, and 12 month is yearly)
It'll be challenging to measure for intraday since there are many different timeframes within intraday. The settings mentioned above should also be customized as per the requirements of the trading strategy.
Strategy
The strategy application is the same as the MACD, i.e., Signal Line Crossovers, Zero Line Crossovers, and Divergence.
Signal Line Crossovers: When the MCD line crosses above the Signal line, it's a bullish crossover. When the MCD line crosses below the Signal line, it's a bearish crossover.
Zero Line Crossovers: It's a bullish crossover when the MCD line crosses above the Zero line. When the MCD line crosses below the Zero Line, it's a bearish crossover.
Divergence: When price shows a lower low, but MCD shows a higher low, it's a bullish divergence. When the price shows a higher high but MCD shows a lower high, it's a bearish divergence.
Using other indicators in conjunction with the Median Convergence Divergence is recommended to take entry and exit signals.
Swing Dream - PAINT BARS | MA | EMA | DMA | VWAP | TABLE | ADR %- Swing Dream -
Script created for breakout-swing traders, in the style of QullaMaggie * , Dan Zanger, Oliver Kell, and Stockbee.
The following indicators are used by most successful breakout-swing traders such as mentioned above.
(As published) it contains:
Painted Bars, also known as inside/outside candles. Used for candle analysis and to determine breakout pivots & levels. For instance; use it in different timeframes and seek formations (ex, 3-1-2). For further inspiration, study Rob Smith's The Strat .
MA, Simple Moving Averages (Basic levels = 10,20,50,200). Use this indicator to define resistance/support areas as well as the overall long/swing-term trend. In breakout strategies such as EP, Flags, etc this can be used for trailing stops; an example, post-breakout, let the price ride the 20ma before exiting your position.
EMA, Exponential Moving Averages with periods inspired by Qullamaggie (10,20,65). Use this on shorter timeframes (ex, 1h) and for the same principles as MAs.
VWAP, Volume-Weighted Average Price. As for the previous, utilize this as a level indicator to find areas of resistance/support. Good for swing-trading as it implies whenever holders are profitable or not.
DMA, Displaced Moving Average (Horizontal). Personally, I use this a lot. Works very well for trailing stops (post breakout) and "bounce" areas. Choose your own offset and period.
ADR%, Average Daily Range Percentage. Displayed in the table and used to define a symbol's volatility. A very good tool for Qullamaggie-style trading. Personally, I try to find setups with over 6% ADR. Basic definition; low ADR% = Increased chance of a symbol to move slower and in smaller ranges. A higher value equals the opposite.
Table. A table with basic symbol-related information. Could save you plenty of time whenever you scan or search for new swing setups. Looking to add more features here.
Why should you use this script? Well, instead of having tens of different indicators, use this script and combine everything together with EP, Flag, or breakout principles. Suited for every plan, and more efficient in my opinion.
View settings to turn on/off different indicators.
* If you're looking for an introduction and further explanation of how Qullamaggie uses mentioned indicators, I could recommend checking out his website, stream, or participation in "Chat With Traders".
At last, I want to credit: @jkcqld @neolao @TheScrutiniser
This Script will get updated and improved.
// TechFille006
Gap RiderThis Indicator allows you to make statistics on the performance of any underlying on the days in which an opening gap occurs.
Specifically, the indicator was designed for "0 dte" options trades. In fact, it is possible to find parameters that give a good statistical advantage by opening a spread in the direction of the gap, creating a trade that has a risk-return ratio of 1: 1.
The indicator shows flags on the graph (green in case of gap up, red in case of gap down) and colored boxes (green in case the stock closed in the direction of the gap, red in case the stock closed in the opposite direction to the gap, yellow in the event that the stock closed at a distance that did not allow the spread in options to close in maximum loss or maximum profit, and therefore in breakeven)
The statistics panel, on the other hand, contains all the information necessary to search for parameters that give the trader a good statistical advantage.
In the settings you can filter the days of the week, only gap up or only gap down, ATR thresholds (volatility), points or minimum percentage for which a gap is taken into account, measure of the breakeven (which for options traders should represent the half the width of the spread to open), large gaps filter that takes into consideration only gaps that open out of range compared to the previous session. The Lookback parameter of course is used to set how many bars to take into account for the statistics.
Parameters and recommended strategy:
TODAY 31/08/2021 - Lookback 500 bars (2 years)
UNDERLYING: SPX
FILTERS: only Monday and Wednesday, only gap up, only gap> 0.01%
STRATEGY: exactly at opening, cover an ATM spread in the direction of the gap (example: gap up, I open a long call spread) that has the opening price as a break even, with a risk-return ratio of 1: 1 and leave it open until closing session, or set take profit at 90-95%. It is advisable to take into consideration the SPX statistics but to operate on the ES future so as to be able to open the spread a couple of minutes before the opening of the cash session and prevent the trade from "running away" due to too sudden movements of the opening. .
RESULTS:
124 Trade
70% profitable trades
30% losing trades
Max drawdown 3 trades
So assuming a spread on ES 10 points wide, each trade would gain or lose $ 250, applying the described strategy we would have in two years, investing only $ 250, a profit of $ 12500, with a max drawdown of $ 750. We would therefore have a profit of 5000%, or rather 2500% per year on the invested capital, with a drawdown of a much lower proportion of the profit ($ 750 compared to $ 6250 of annual profit).
The strategy is infinitely scalable by increasing the options contracts used and the impact of the commissions is almost zero.
MONEY MANAGEMENT: Example on a 50K account, with a spread that earns or loses $ 500, in two years it earns $ 25,000, therefore about 12500 per year, with a max drawdown of $ 1500, therefore 25% per year on the ENTIRE ACCOUNT with a maximum drawdown of 3%.
Note: the test was performed without a break even parameter, so the actual result will be more moderate, but of the same explosive nature.
** BUG STILL LOOKING FOR SOLUTION **
only in case the filters are set to take into account ONLY the gap down, the drawdown count in the statistics panel shows an incorrect result "
Binary Option Strategy Tester with MartingaleIn Binary options, strategy testing is a bit different. The script is just a try to test Binary options strategies.
Assumption:
We are opening position at next candle after signal come
We are taking the position at opening price
Our call will be profitable if we get a green candle and put will be profitable if we get a red candle
We can open only one trade at a time. So if we are in trade, subsequent signals will be ignored.
The script is not counting your profit or loss, it just counting the winning and losing trades.
Input Options:
Choose long only or short only test. Default is both.
You can continue your trade with Martingale Level, up to 5. Default is 1 (no Martingale)
You can choose Martingale trade type
SAME: if call subsequent trade will be call only and vice versa
OPPOSITE: if call subsequent trade will be put
FOLLOW CANDLE COLOR: Subsequent trade will follow previous candle color
OPPOSITE CANDLE COLOR: Subsequent trade will opposite of previous candle color
You can choose trading session to test. Default is false.
The strategy is taken from Vdub Binary Options SniperVX v1 (by @vdubus) . I have deleted extra parts and kept only the necessary part.
Without Martingale
Result Table
With Martingale
I am very new to Pine script, so waiting for your comments and review.
Strat Assistant Screener MiniStrat Assistant Screener Mini
----------------------------
█ OVERVIEW
This script is intended to provide screening/scanning functionality for the strat for the time period provided in the input (Day is the default).
When added, the script provides a chart with labels separated for each type of candle (2 up, 2 down, outside, inside) as well as actionable signals (inside already provided, hammer, shooter). This script functions the same way as the other strat assistant screener however is limited to 5 tickers and is used more for intraday trading and speed.
█ DETAIL
Inputs
----------
Security/Screener Time Frame: The screener will only run for one time frame, the time frame selected and this can be changed
Actionable Wick Percentage: The percentage of the WICK to determine a hammer or a shooter. For example, the default is .75 or 75%, which means 75% of the candle must be a WICK (top wick 75% for shooter, bottom wick 75% for hammer). If you wish to be more conservative scale it down or more aggressive scale it up
Label Index Offset Factor: There are 6 separate labels that will appear at the bottom separated by this indicator. If you feel like things are too tight or too narrow you can adjust this to spread things out further, or push them closer together.
Security/SXX: The various securities that can be input to track. If you find this is a pain, you can always copy the source code, put it in the pine editor yourself, and manually modify them there. This is the mini version limited to 5 stocks for performance and intraday trading.
Outputs
----------
The screener will provide a second chart at the bottom of the primary chart with labels for the types of candles and actionable signals
Each label will be present even if no results are found.
The label will display the time frame selected toward the end of the header - Strat Assistant Screener:
Each label is colored for quick reference to indicate the various bull/bear/inside/outside "patterns"
Best Practices
----------
While it's limited, it's still not instant. So give it time.
This screener is best used for intraday. If you want something with more data, try the the non mini versino.
The bottom chart can be scaled and moved just like the top one, play around with it to determine what works best for you. I recommend decreasing the scale and then moving it up so you can see it better.
When the time frame is changed, it will take a minute, you can verify the results by seeing the time frame change in the label - Strat Assistant Screener:
I have not played with this thoroughly intraday yet. So it may be buggy/slower.
Strat Assistant ScreenerStrat Assistant Screener
----------------------------
█ OVERVIEW
This script is intended to provide screening/scanning functionality for the strat for the time period provided in the input (Day is the default).
When added, the script provides a chart with labels separated for each type of candle (2 up, 2 down, outside, inside) as well as actionable signals (inside already provided, hammer, shooter). Trading view is limited to 40 "security/ticker/symbol" calls so only 40 at a time are available. It's best to run this on higher time frames as it will occasionally push peak trading view memory limits and throw an error. Various inputs are provided a detailed below. It's not FAST so be patient please.
█ DETAIL
Inputs
----------
Security/Screener Time Frame: The screener will only run for one time frame, the time frame selected and this can be changed
Actionable Wick Percentage: The percentage of the WICK to determine a hammer or a shooter. For example, the default is .75 or 75%, which means 75% of the candle must be a WICK (top wick 75% for shooter, bottom wick 75% for hammer). If you wish to be more conservative scale it down or more aggressive scale it up
Label Index Offset Factor: There are 6 separate labels that will appear at the bottom separated by this indicator. If you feel like things are too tight or too narrow you can adjust this to spread things out further, or push them closer together.
Security/SXX: The various securities that can be input to track. If you find this is a pain, you can always copy the source code, put it in the pine editor yourself, and manually modify them there. Trading view limits you to 40 securities/symbols/tickers so I've pushed the limit as far as I can with this script.
Outputs
----------
The screener will provide a second chart at the bottom of the primary chart with labels for the types of candles and actionable signals
Each label will be present even if no results are found.
The label will display the time frame selected toward the end of the header - Strat Assistant Screener:
Each label is colored for quick reference to indicate the various bull/bear/inside/outside "patterns"
Best Practices
----------
It is not fast, so please be patient and let it run.
This screener is best used as a utility a few times a day, not recommended for intraday. I will create a scaled down version of this will only 5 securities/symbols/tickers that can be used intraday.
The screener pushes the limits of training views provided memory, so you may occasionally see errors, please try a higher time frame.
The bottom chart can be scaled and moved just like the top one, play around with it to determine what works best for you. I recommend decreasing the scale and then moving it up so you can see it better.
When the time frame is changed, it will take a minute, you can verify the results by seeing the time frame change in the label - Strat Assistant Screener:
I have not played with this thoroughly intraday yet. So it may be buggy/slower.
