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1-BTCUSD

Swingtrade strategy for volatile assets on the hourly chartThe strategy of this script is based on a setup that I used in 2016 for swingtrade on PETR4 and other IBOV actions. The intention of this script was to carry out a study to validate the effectiveness of the strategy precisely. - This strategy works only to operate bought on the 1h (one hour) chart; - The strategy is based on the strength of the market, which is measured according to moving averages; - The setup uses targets of 3% above the input signal price and 11.5% stoploss for all operations; - The stoploss is bigger than the target, this causes the hit rate to be high, but when there is a loss, the damage can be large; - The setup performed well in some shares of the Brazilian stock market and cryptocurrencies of the dollar pair;
Pine Script™ strategy
by CriptoGrafico
1
Gekko DEMA StrategyThis script is based upon the Gekko trading strategy. This strategy uses Exponential Moving Average crossovers to determine the current trend the market is in. Using this information it will suggest to ride the trend. Note that this is not MACD because it just checks whether the longEMA and shortEMA are % removed from each other. * short is the short EMA that moves closer to the real market (including noise)
 * long is the long EMA that lags behind the market more but is also more resistant to noise.
 * the down threshold and the up threshold tell Gekko how big the difference in the lines needs to be for it to be considered a trend. If you set these to 0 each line cross would trigger new advice.
 The base strategy has had money management logic added and has been tested for best results. Once you have access, you can modify these settings to find what works best for you. Access to this strategy is FREE! Message me for more information on how to get access.
Pine Script™ strategy
by CryptoSamurai_OG
2
Crypto Tipster Pro+ (Optimized for BTCUSD)=========== Crypto Tipster Pro+ Optimized for BTCUSD =========== This script is a carbon-copy of our Crypto Tipster Pro Strategy , but also includes our Custom & Fully Optimized Settings for turbo-charging your Bitcoin (BTCUSD) trading over the last 12 months. ----------- We keep all our Crypto Tipster Pro+ (Optimized) strategies regularly updated and maintained. The purpose of these Add-On's to our Crypto Tipster Pro Strategy is to keep each trading plan relevant, up-to-date and most of all profitable within ever-changing markets. We will always keep our main Crypto Tipster Strategy active, as the default settings are the best "all-rounder" set-up and work with many crypto pairs over many different time frames. This Set-Up for Bitcoin enables you to hone in on one certain trading pair on the D chart and maximize your overall net profit. ----------- Visit the link below for Full & Immediate Access! Good Luck and Happy Trading!
Pine Script™ strategy
by theCrypster
1
GoldMode On (Triple compromise strategy) TF 60-240BINANCE:BTCUSDT Greetings. I am publishing this script in order to get feedback for further work on it. The script combines a compromise between several classic strategies, and each of them uses modifications of classic indicators on specially selected averaging sliding indicators. 1. The script uses an ATR-based filter (it's off by default, as it's better on BTCUSD , but you can enable it in the settings if you want to use it on EURUSD , for example, or on other symbols). 2. A strategy based on crossing the moving. 3. A strategy based on determining the direction of movement of the modified slow and fast RSI . 4. A strategy based on the modified ADX +DI -DI . The essence of the strategy in finding a compromise decision on the signals coming from each of these three strategies. ===== Приветствую. Данный скрипт публикую с целью получить обратную связь для дальнейшей работы над ним. Скрипт сочетает в себе компромисс между несколькими классическими стратегиями, причём каждая из них использует модификации классических индикаторов на специальным образом подобранные усредняющие скользящие. 1. В скрипте используется фильтр на основе ATR (по умолчанию выключен, т.к. на BTCUSD так лучше, но можно включить в настройках, если хотите использовать его на EURUSD , например, или на других инструментах). 2. Стратегия основанная на пересечении скользящих. 3. Стратегия основанная на определении направления движения модифицированных медленной и быстрой RSI . 4. Стратегия основанная на модифицированном ADX +DI -DI . Суть стратегии в поиске компромиссного принятия решения по сигналам поступающим от каждой из этих трёх стратегий.
Pine Script™ strategy
by vyacheslav.shindin
3
PpSIgnal Modified Gann HiLo ActivatorGann Hi Lo Activator Indicator fue desarrollado inicialmente por Robert Krausz. El gann Hilo Original es simplemente un promedio móvil de los tres períodos anteriores, bajo o alto. Yo lo he cambiado por precio de apertura y precio de cierre para evitar repintes . Este indicador de seguimiento de tendencia, se utiliza para determinar la tendencia del mercado y también para identificar las señales de negociación. Pero cuando el mercado está lateralizado, le resulta difícil generar señales comerciales precisas. Puede interpretar el indicador leyéndolo de la siguiente manera. En un mercado de tendencia alcista, el indicador pe [pintara de verde en tendecia bajista de rojo. también le hemos agregado un media movil Tilson para hacer scaplin dentro de una tendencia definida. Gann Hi Lo Activator Indicator was originally developed by Robert Krausz. The Original Gann is simply a moving average of the previous three periods, low or high. I have changed it for the opening price and the closing price to avoid repainting. This trend monitoring indicator is used to determine the market trend and also to identify trading signals.   But when the market is lateralized, it is difficult for you to generate accurate trading signals. You can interpret the indicator by reading it as follows. In an uptrend market, the indicator pe [will paint green in a downtrend red. We have also added a Tilson moving average to scaplin within a defined trend.
Pine Script™ indicator
by PpSignal01
2
BITCOIN-BTCUSD Trading Strategy-1This Trading Strategy is for BTCUSD which is traded on BITSTAMP exchange. The aim of this strategy is to ride the market with its ebbs and flows. The strategy works best on 1 Hour timeframe. The results may very different depending upon time-frame and date range of your choice and different exchanges. Parameters details: 1. Trade Trigger - You can adjust it depending upon your risk management. Default value is 20. 2. Partial Profit Points – Part profit booking points. Default value is 350. 3. Lookback Period 1 – Default is 11. 4. Lookback Period 2 – Default is 5. The default trading quantity is 2. I have added functionality for part profit booking which increase profit and always keeps you in trade. Book 1 lot for certain points (350 points gives better results) and continue other with 1 lot till the position reversed. I have tested this indicator on 1 Hour time-frame on BITSTAMP exchange and the time period is maximum available on Tradingview. Period : 02/01/2019 to 30/03/2020. Points = $  17720.56 No. of trades = 129 % Profitable = 44.96% Profit Factor = 2.464 Sharpe Ratio = 0.674 For free trial, send me a private message in order to access this script. Thanks © allanster for Date Range functionality and ©LonesomeTheBlue for non-repaint concepts. Disclaimer: This script/strategy is for educational and information purpose 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 and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.
Pine Script™ strategy
by AdityaTechTrader
inwCoin Stochastic RSI + MACD Filter StrategyinwCoin Stochastic RSI Strategy with MACD as trend filter. Parameters Setup =============== * everything are self-explanatory. Entry Logic =========== Long/Cover Short Signal : - If SmoothK > Bottom Line and SmoothD is crossing up Bottom Line = BUY SIGNAL - In human word : Both lines cross up bottom line from below. - If "Use MACD as trend filter" checked, long signal will trigger if MACD > 0 Short/Close Long Signal : - If Smooth K < Top Line and SmoothD is crossing down Top Line = SELL SIGNAL - In human word : Both lines cross down top line from top. - If "Use MACD as trend filter" checked, short signal will trigger if MACD < 0 How to use in real trade =============== 1) Just add to the chart and see the backtest result. Make sure to adjust commission and slippage properly. 2) Recommended to using in Daily Timeframe. Extra ===== Short Entry Example ( 2018-2020 )
Pine Script™ strategy
by Real_inwCoin
3
XBT % ContangoSimilar to my other indicators, but measures XBTUSD Contango in terms of percent. Also, built it so you could change the values that give the red and green signals. Default values are 0% or less (backwardation) indicates green. However, i found that a 0.5% setting worked will finding local bottoms for current contract of XBTH20 (March 2020). The upper value default is at 5%, and signals red when the next contract reaches over 5%. My assumption is as BTC increases in value over time, measuring contango in terms of percent will be a better measure of the XBT futures curve.
Pine Script™ indicator
by SchamBTC
1
MTF Trailing SL Strategy [QuantNomad]This is a Multi-Timeframe version of my Trailing SL Strategy. Few weeks ago I published Trailing SL Strategy. There I used only basic Trailing SL to enter positions. It worked pretty well so I tried to work on it a bit. I thought what if you can use the same ATR TSL on different timeframes and combine them into one signal. In this strategy you can use only ATR stops and choose 3 other higher timeframes in addition to your current timeframe. You'll see Trailing SL plotted on the chart form all these timeframes. Entry Long position if all 4 time-frames agree on long signal. Exit Long positions when at least 2 time-frames disagree on long signal. Entry to Short position if all 4 time-frames agree on Short signal. Exit from Short positions when at least 2 time-frames disagree on Short signal. Here is the link to my basic Trailing SL Strategy:
Pine Script™ strategy
by QuantNomad
45
Ichimoku Clouds Strong Bullish/Bearish signals and alertsIchimoku Clouds Strong Bullish/Bearish signals with allerts The Ichimoku cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals. We provide you easy-to-use script which helps to decrypt meaning of lines in the indicator. The script takes Ichimoku clouds indicator formulas to calculate Tenkan, Kijun, SenkouA, SenkouB values and examines them in order to produce buy ( Bullish ) and sell ( Bearish ) signals which are displayed at the chart The most appropriate time frame is 30m Custom alerts are added to send you a notice with a webhook when bullish or bearish signal arrives. You can easily add weak and neutral signals alerts by removing "//" in a specified place Feel free to copy and use this script for your ideas and trading. You can modify the script by adding Parabolic SAR in order to increase accuracy of positions closure
Pine Script™ indicator
by Skyrexio
22
Super Algorithm Strategy (Joy Bangla)This is the strategy tester for the Below are the performance results Starting with $10,000 Net Profit: 88% 66% profitable trades 34% losing trades. Do look at the losing trades. If one did careful moment management, some of those may end up profitable as well. 4.158 Profit factor. 16.1% drawdown. I would go a bit more and say if I am using this, my risk management should ensure for a stop loss of 20%. 66 bars on average (aka it holds for a long time. So, one needs to look into the funding factor in money management) Sharpe Ratio: 0.291 Only 7 trades done (with 6 closed) in 2 and a half years. So this absolutely reduces noise as much as possible. In short, if I had $10000 of BTC beginning of 2018, I would be having $18,878 worth of btc right now. With 4x leverage, this could be a huge potential. For info on gaining access see the ⬇ link below ⬇ in our signature field & direct message me. I have a busy schedule at my own workplace. Trading is my hobby. Hence, please be kind to me if I am late in replying.
Pine Script™ strategy
by Joy_Bangla
5
Cuban's BTCUSD Spot Buying GuideI have been using a few different spreads to track market sentiment for $BTCUSD over the last 12 months, and has worked out very favourably. Although it's a low sample size, I feel as the market has become more efficient, these signals have become more accurate. Obviously, alpha decay will slowly arb these out but I thought I would share this rough guide. There are many ways you can use these buy opportunities. I recommend buying after waiting for the candle to flip white (from green), this will be accompanied by the text, 'SPOT'. However, aggressive entries can be taken by slowly averaging in while the candle colouring is green. I have left out any take profit strategy, as I will leave this to the user. Enjoy!
Pine Script™ indicator
by cubantobacco
28
inwCoin DCA v2.0 StrategyinwCoin DCA v2.0 is the upgraded version of inwCoin DCA strategy This strategy will show the "actual" profit/loss on the chart, since it cannot calculate by strategy result. How to use -------------- 1) Specific "position size per entry" for each of your dca budget. 2) "Buy every N candles" is the trigger for strategy to "buy" the asset, it depend on your timeframe on chart. If you want to let it buy every 7 days, set timeframe to daily and set this value to 7. 3) Entry/Exit filter is the condition for you to continue dca buy or stop when some condition met. 3.1) Restart every N candles = the strategy will sell all of your dca position to realize profit/loss every N candles specific in "Reset at N candles" parameter. 3.2) Price above EMA = IF price above specific "Slow EMA length" value, the strategy will dca buy, else, it will sell to realize profit/loss. 3.3) Price above MA = same as 3.2 but use MA instead. 3.4) Price above WMA = same as 3.2 but use WMA instead. 3.5) MACD Above zero = will buy if MACD > 0 and sell all if MACD < 0. Set MACD value in 3 boxes below. 4) Close position at specific profit % = self explanatory 5) Close remaining position at last bar = self explanatory 6) Date = self explanatory How to read result ================ Everything in result are self explanatory. Have fun!
Pine Script™ strategy
by Real_inwCoin
inwCoin Average Position Price Calculator - For CryptocurrencyEver wonder what is my average entry ? No need to use excel. Just use this simple indicator to calculate average entry of your multiple positions. How to use -------------- 1) Just input your entries into each box. ( Buy price + buy amount ) 2) If you don't want to use any input, just uncheck the checkbox. How to read value ---------------------- - This indicator will calculate the asset amount you got when you purchase it, by asset amount = entry amount / entry price ( Eg. buy BTC at 10,000$ per BTC with 1,000 USD = 1000/10000 = 0.1 BTC ) - It will calculate your current value of the asset you holding and compare it with all of the money you already invested. Also the profit/loss. - It will show the average entry price with the green line on the chart and in the textbox.
Pine Script™ indicator
by Real_inwCoin
Cracking Cryptocurrency - Bottom FeederThe Bottom Feeder The Bottom Feeder is designed to algorithmically detect significantly oversold conditions in price that represent profitable buying opportunities. Combining this with it’s unique Stop and Target System, the Bottom Feeder is designed to return consistent return with minimal draw down. Whether used as a Market Bottom Detector or as a system for executing safe, profitable mean reversion trades, the Bottom Feeder is a powerful tool in any trader’s arsenal. Bottom Feeder was designed to be used on BTCUSD , however it is also effective on other USD/USDT pairs. One will have to check the individual pair they wish to trade with the Strategy Tester to simulate performance. Options Let’s go through the input options one by one, so that you are able to comfortably navigate all that this indicator has to offer. The link below will display a picture of the layout of the settings for your convenience. For the sake of simplicity, let’s note now that all settings marked **Conservative Mode** will not work in Aggressive Mode. Mode: Determines how aggressively Bottom Feeder generates a buy signal. In Conservative Mode, trades can only be opened once per candle and the stop and target will update as new signals appear. In Aggressive Mode, a separate trade is opened each time Bottom Feeder signals, which may be multiple times within one Daily candle. Plot Target and Stop Loss: Toggles on/off the visualized take profit and stop losses on the chart. **Conservative Mode** TP Multiplier: This is an input box, it requires a float value. That is, it can accept either a whole number integer or a number with a decimal. This number will determine your Take Profit target. It will take whatever number is entered into this box and multiply the Average True Range against it to determine your Take Profit. **Conservative Mode** SL Multiplier: See above - this will modify your Stop Loss Value. **Conservative Mode** Average or Median True Range: This is a drop-down option, the two options are Average True Range or Median True Range. If Average True Range is selected, then this indicator will use the Average True Range calculation, that is, the average of a historical set of True Range values to determine the Average True Range value for Target and Stop Loss calculation. If Median True Range is selected, it will not take an average and will instead take the Median value of your historical look back period. **Conservative Mode** True Range Length: This is an input that requires an integer. This will represent your historical look back period for Average/Median True Range calculation. **Conservative Mode** True Range Smoothing: This is a drop-down with the following options: Exponential Moving Average ( EMA ), Simple Moving Average ( SMA ), Weighted Moving Average ( WMA ), Relative Moving Average (RMA). This will determine the smoothing type for calculating the Average True Range if it is selected. Note: if Median True Range is selected above, this option will not have any effect as there is no smoothing for a Median value. **Conservative Mode** Custom True Range Value?: This is a true/false option that is false by default. If enabled, it will override the Average/Median True Range calculation in favor of a users custom True Range value to be input below. **Conservative Mode** Custom True Range Value: This is an input box that requires a float value. If Custom True Range is enabled this is where a user will input their desired custom True Range value for Target and Stop Loss calculation. Stop and Target Description Because Bottom Feeder is designed only to scalp the various market bottoms that can appear over time in the market and not to identify trends or to trade ranges, it’s imperative that the indicator notify us not just to when to enter our trades, but when to exit! In the service of that, CC Bottom Feeder has a built in Stop and Target system that tracks and displays the stop loss and take profit levels of each individual open trade, whether in Aggressive or Conservative Mode. Conservative Mode Targeting: In Conservative Mode, Bottom Feeder signals are aggregated into a compound trade. The signal will appear as a green label pointing up below a candle, and will appear upon a candle close. If Bottom Feeder then generates another signal the stop loss and target price will be updated. The process will continue until the aggregated trade completes in either direction. On a trade with multiple signals, a larger position is slowly entered into upon each buy signal. Aggressive Mode Targeting: In Aggressive Mode, Bottom Feeder signals are individually displayed as they are generated, regardless of how many signals are generated on any single candle. If Bottom Feeder continues to signal, each individual open trade will have their own stop loss and target that will be displayed on the chart until the individual trade completes in either direction. As opposed to a large compound position, aggressive mode represents a higher number of independent signals with their own stop and target levels. Stop losses and targets are designed to be hard, not soft. That is, they are intended to be stop market orders, not mental stop losses. If price wicks through the target or stop, it will activate.
Pine Script™ indicator
by CrackingCryptocurrency
1
Cracking Cryptocurrency - Bottom Feeder Strategy TesterBottom Feeder - Strategy Tester The Bottom Feeder is designed to algorithmically detect significantly oversold conditions in price that represent profitable buying opportunities. Combining this with it’s unique Stop and Target System, the Bottom Feeder is designed to return consistent return with minimal draw down. Whether used as a Market Bottom Detector or as a system for executing safe, profitable mean reversion trades, the Bottom Feeder is a powerful tool in any trader’s arsenal. Bottom Feeder was designed to be used on BTCUSD, however it is also effective on other USD/USDT pairs. One will have to check the individual pair they wish to trade with the Strategy Tester to simulate performance. Strategy displayed is from 2018-2021 on **Conservative Mode** with Percent of Equity (30%) enabled. Options Let’s go through the input options one by one, so that you are able to comfortably navigate all that this indicator has to offer. The link below will display a picture of the layout of the settings for your convenience. For the sake of simplicity, let’s note now that all settings marked **Conservative Mode** will not work in Aggressive Mode. Mode : Determines how aggressively Bottom Feeder generates a buy signal. In Conservative Mode, trades can only be opened once per candle and the stop and target will update as new signals appear. In Aggressive Mode, a separate trade is opened each time Bottom Feeder signals, which may be multiple times within one Daily candle. Position Sizing Strategy : Determines what Risk Management system you will deploy when trading Bottom Feeder. Your options are “Percent of Equity” and “Distance to Stop Loss”. If Percent of Equity is selected, a trade size will be equal to a percentage of your equity, pursuant to the value in the ‘Percent of Equity’ box. If Distance to Stop Loss is selected, then your Position Size will be determined based off the distance to your stop loss and the value in the ‘Risk Percentage’ box. Percent Of Equity : Determines what percentage of your equity will be allocated to each trade when ‘Position Sizing Strategy’ is enabled. Risk Percentage : Determines the size of each trade if ‘Distance to Stop Loss’ strategy is enabled. This value reflects what percent of your account you will lose per trade if the trade hits your stop loss. Plot Target and Stop Loss : Toggles on/off the visualized take profit and stop losses on the chart. **Conservative Mode** TP Multiplier : This is an input box, it requires a float value. That is, it can accept either a whole number integer or a number with a decimal. This number will determine your Take Profit target. It will take whatever number is entered into this box and multiply the Average True Range against it to determine your Take Profit. **Conservative Mode** SL Multiplier : See above - this will modify your Stop Loss Value. **Conservative Mode** Average or Median True Range : This is a drop-down option, the two options are Average True Range or Median True Range. If Average True Range is selected, then this indicator will use the Average True Range calculation, that is, the average of a historical set of True Range values to determine the Average True Range value for Target and Stop Loss calculation. If Median True Range is selected, it will not take an average and will instead take the Median value of your historical look back period. **Conservative Mode** True Range Length : This is an input that requires an integer. This will represent your historical lookback period for Average/Median True Range calculation. **Conservative Mode** True Range Smoothing : This is a drop-down with the following options: Exponential Moving Average ( EMA ), Simple Moving Average ( SMA ), Weighted Moving Average ( WMA ), Relative Moving Average (RMA). This will determine the smoothing type for calculating the Average True Range if it is selected. Note: if Median True Range is selected above, this option will not have any effect as there is no smoothing for a Median value. **Conservative Mode** Custom True Range Value? : This is a true/false option that is false by default. If enabled, it will override the Average/Median True Range calculation in favor of a users custom True Range value to be input below. **Conservative Mode** Custom True Range Value : This is an input box that requires a float value. If Custom True Range is enabled this is where a user will input their desired custom True Range value for Target and Stop Loss calculation. From Month/Day/Year to Month/Day/Year : This sets the Time Frame of your backtest for the Bottom Feeder Strategy. It will run FROM the date selected TO the date selected. Stop and Target Description Because Bottom Feeder is designed only to scalp the various market bottoms that can appear over time in the market and not to identify trends or to trade ranges, it’s imperative that the indicator notify us not just to when to enter our trades, but when to exit! In the service of that, CC Bottom Feeder has a built in Stop and Target system that tracks and displays the stop loss and take profit levels of each individual open trade, whether in Aggressive or Conservative Mode. Conservative Mode Targeting: In Conservative Mode, Bottom Feeder signals are aggregated into a compound trade. The signal will appear as a green label pointing up below a candle, and will appear upon a candle close. If Bottom Feeder then generates another signal the stop loss and target price will be updated. The process will continue until the aggregated trade completes in either direction. On a trade with multiple signals, a larger position is slowly entered into upon each buy signal. Aggressive Mode Targeting: In Aggressive Mode, Bottom Feeder signals are individually displayed as they are generated, regardless of how many signals are generated on any single candle. If Bottom Feeder continues to signal, each individual open trade will have their own stop loss and target that will be displayed on the chart until the individual trade completes in either direction. As opposed to a large compound position, aggressive mode represents a higher number of independent signals with their own stop and target levels. Stop losses and targets are designed to be hard, not soft. That is, they are intended to be stop market orders, not mental stop losses. If price wicks through the target or stop, it will activate.
Pine Script™ strategy
by CrackingCryptocurrency
Bitcoin Margin Call Envelopes [saraphig & alexgrover]Bitcoin is the most well known digital currency, and allow two parties to make a transaction without the need of a central entity, this is why cryptocurrencies are said to be decentralized, there is no central unit in the transaction network, this can be achieved thanks to cryptography. Bitcoin is also the most traded cryptocurrency and has the largest market capitalization, this make it one of the most liquid cryptocurrency. There has been tons of academic research studying the profitability of Bitcoin as well as its role as a safe heaven asset, with all giving mixed conclusions, some says that Bitcoin is to risky to be considered as an hedging instrument while others highlight similarities between Bitcoin and gold thus showing evidence on the usefulness of Bitcoin acting as an hedging instrument. Yet Bitcoin seems to attract more short term speculative investors rather than other ones that would use Bitcoin as an hedging instrument. Once introduced, cryptocurrencies where of course heavily analyzed by technical analyst, and technical indicators where used by retail as well as institutional investors in order to forecast the future trends of bitcoin. I never really liked the idea of designing indicators that specifically worked for only one type of market and ever less on only one symbol. Yet the user @saraphig posted in Feb 20 an indicator called " Margin Call MovingAverage " who calculate liquidation price by using a volume weighted moving average. It took my attention and we decided to work together on a relatively more complete version that would include resistances levels. I believe the proposed indicator might result useful to some users, the code also show a way to restrict the use of an indicator to only one symbol (line 9 to 16). The Indicator The indicator only work on BTCUSD, if you use another symbol you should see the following message: The indicator plot 6 extremities, with 3 upper (resistance) extremities and 3 lower (support) extremities, each one based on the isolated margin mode liquidation price formula: UPlp = MA/Leverage × (Leverage+1-(Leverage*0.005)) for upper extremities and: DNlp = MA × Leverage/(Leverage+1-(Leverage*0.005)) for lower extremities. Length control the period of the moving averages, with higher values of length increasing the probability of the price crossing an extremity. The Leverage's settings control how far away their associated extremities are from the price, with lower values of Leverage making the extremity farther away from the price, Leverage 3 control Up3 and Dn3, Leverage 2 control Up2 and Dn2, Leverage 1 control Up1 and Dn1, @saraphig recommend values for Leverage of either : 25, 20, 15, 10 ,5. You can select 3 different types of moving average, the default moving average is the volume weighted moving average (VWMA), you can also choose a simple moving average (SMA) and the Kaufman adaptive moving average (KAMA). Based on my understanding (which could be wrong) the original indicator aim to highlight points where margin calls might have occurred, hence the name of the indicator. If you want a more "DSP" like description then i would say that each extremity represent a low-pass filter with a passband greater than 1 for upper extremities and lower than 1 for lower extremities, unlike bands indicators made by adding/subtracting a volatility indicator from another moving average this allow to conserve the original shape of the moving average, the downside of it being the inability to show properly on different scales. here length = 200, on a 1h tf, each extremities are able to detect short-terms tops and bottoms. The extremity become wider when using lower time-frames. You would then need to increase the Leverages settings, i recommend a time frame of 1h. Conclusion I'am not comfortable enough to make a conclusion, as i don't know the indicator that well, however i liked the original indicator posted by @saraphig and was curious about the idea behind it, studying the effect of margin calls on market liquidity as well as making indicators based on it might result a source of inspiration for other traders. A big thanks to @saraphig who shared a lot of information about the original indicator and allowed me to post this one. I don't exclude working with him/her in the future, i invite you to follow him/her: www.tradingview.com Thx for reading and have a nice weekend! :3
Pine Script™ indicator
by alexgrover
10
RSI & StochasticA combination of RSI and Stochastic using default settings. - RSI or Relative Strength Index is the white line. - Stochastic %K is the aqua line - Stochastic %D is the orange line - The purple rectangle is the RSI range going from 30 (oversold) at the bottom to 70 (overbought) - The top dotted line indicates the price being overbought on the stochastic - The bottom dotted line indicates the price oversold on the stochastic I mainly use both indicators to spot divergence/ potential upcoming turning points (tops or bottoms). For example on the chart the white line shows the price of Bitcoin Rising While the yellow line shows the stochastic declining and the red RSI stayed more or less at the same level. Another way to use this indicator is to use the aqua line crossing above the orange line as an entry for a long trade this strategy is most useful when both are near the bottom of the range. The opposite is true for short trades but both should be combined with other indicators such as moving averages support levels or volume for best results. Generally RSI is more useful in trending markets & the stochastic is more useful in sideways or choppy markets.
Pine Script™ indicator
by kaaiii
1