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PSAR BBPT ZLSMA BTC 1minLong entry: PSAR gives buy signal BBPT prints green histogram ZLSMA is below the price ZLSMA has uptrend SL is smaller than the max SL Optional Sessions and EMA filters Short entry PSAR gives sell signal BBPT prints red histogram ZLSMA is above the price ZLSMA has downtrend SL is smaller than the max SL Optional Sessions and EMA filters SL: Placed below ZLSMA + offset on long Placed above ZLSMA + offset on short TP1: 1x the SL by default Takes no profit by default, 50% is also a good setting TP2: 2x the SL by default Take out all remaining position size. If price reaches TP1, the SL is set to the entry price.
Pine Script™ strategy
by Rolan_Kruger
1 Minute Scalping IndicatorThis is a 1 Minute Scalping Indicator based purely on price action of the current candle compared to the previous candle so there is no lag from using other indicators. It works great on all timeframes, but is designed for getting in and out of positions quickly using the 1 minute chart. The candles will paint according to the direction the price is currently moving in, which is a great way to help reduce anxiety while watching the candles bounce back and forth. HOW TO USE It has Scalp Mode and Swing Mode. Both modes use the exact same price action parameters for signals, but Swing Mode will only give signals when the price action parameters are met AND the close is higher than the previous high for bull signals or when the close is lower than the previous low for bear signals. This scalping indicator will show green up arrows when it detects bullish price action and red down arrows when it detects bearish price action. It will show a yellow arrow if the bullish/bearish price action conditions are met, but it detects a candle pattern that may be a weak signal such as small candle body, large wicks, etc. When this happens, make sure to wait for the next candle to show confirming price action before following the signal. You can also turn the signals off and use only the candle coloring if you prefer cleaner charts. You can change the candle colors it uses within the input settings, as well as the color of the signal arrows to suit your preferences. You can also turn off the candle coloring if you prefer normal candles. If you are using the indicator’s candle coloring, make sure you go to your chart settings(gear icon top right) and in the symbol tab, turn off body, borders and wick for this to show up properly. This scalper also includes alerts for bull and bear signals that can be set to alert you on any market and timeframe. SCANNER We also made a higher timeframe scanner that uses this same price action formula and shows you if higher timeframes are currently bullish or bearish in real time. It’s titled Higher Timeframe Price Action Scanner and can be found on our profile. I strongly recommend using both of these together to get an idea of the overall trend on longer timeframes. You can also use two of the scanners and set them to two tickers that move together or opposite of each other(like SQQQ and TQQQ) for even more market insight on your ticker's immediate direction. MARKETS This 1 Minute Scalping Indicator works well on any market such as stocks, crypto, forex, futures, etc. TIMEFRAMES This indicator is designed for scalping on the 1 Minute timeframe, but it works well on all timeframes, since it is using price action to give signals. TIPS FOR BEST RESULTS We recommend pairing this indicator with another support & resistance or moving average combo to find great entry areas and use the price action signals as confirmation when price bounces off of those areas. We also recommend using the Higher Timeframe Price Action Scanner with this so you can see the overall trend of higher timeframes on your chart and trade in the direction of the trend. Scalp Mode Swing Mode Candle Coloring Only - No Signals - Scalp Mode Candle Coloring Only - No Signals - Swing Mode
Pine Script™ indicator
by FriendOfTheTrend
17
super SSL [ALZ]This script is designed and optimized for MULTI TIME by Ali Zebardast (ALZ) 1.in part of ssl Original Version credits to Mihkel00 Actual Version i just set alerts and change the parameters for BTCUSDT 1min Chart. He designed for daily time. I tried to optimize 1 min time-frame . And fix the errors with OTT "This script has a SSL / Baseline (you can choose between the SSL or MA), a secondary SSL for continiuation trades and a third SSL for exit trades. Alerts added for Baseline entries, SSL2 continuations, Exits. Baseline has a Keltner Channel setting for "in zone" Gray Candles Added "Candle Size > 1 ATR" Diamonds from my old script with the criteria of being within Baseline ATR range." 2.in part of Range two Filter Buy and Sell for 3min Wait For Bar close ssl2 :Be under the candle for buy and The bar color must confirm the order of purchase (Blue) 3.in part of OTT when candles close over HOTT, means an UPTREND SIGNAL and to Fuchia when candles begin closing under LOTT line to indicate a DOWNTREND SIGNAL. FLAT ZONE is highlighted also to have the maximum concentration on sideways market conditions. There are three quantitative parameters in this indicator: The first parameter in the OTT indicator set by the two parameters is the period/length. OTT lines will be much sensitive to trend movements if it is smaller. And vice versa, will be less sensitive when it is longer. As the period increases it will become less sensitive to little trends and price actions. In this way, your choice of period, will be closely related to which of the sort of trends you are interested in. The OTT percent parameter in OTT is an optimization coefficient. Just like in the period small values ​​are better at capturing short term fluctuations, while large values will be more suitable for long-term trends. The final adjustable quantitative parameter is HIGHEST and LOWEST length which is the source of calculations. Credits go to: SSL Hybrid www.tradingview.com HIGH and LOW OTT : www.tradingview.com Range Filter www.tradingview.com
Pine Script™ indicator
by AliZebardast
2
TICK Scalping strategy, SPY 1 min1 min chart scalping version of my other TICK strategy with adjusted parameters and additional entry and exit conditions better suited for 1 min SPY chart. Please refer to my original TICK strategy for explanation. Important notes: 1. This strategy is designed for same day SPY option scalping on the 1 min chart . All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 6 weeks of data. By default, it is set to 10 option contracts. By default the initial capital is set to $5000. Pyramiding is set to 3. 2. This strategy works better with non-extended market data . 3. This strategy is mainly developed for SPY trading on 1 min chart, it probably will not be very profitable with other tickers or time frame without tweaking all the parameters first. Cheers and enjoy~! Let's all make money~!!
Pine Script™ strategy
by PtGambler
26
3 Candle Strike SPY Option StrategyImportant notes: 1. This strategy is designed for same day SPY option scalping. All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 7.5 weeks of data. By default, it is set to 10 option contracts. By default the initial capital is set to $5000. 2. This strategy also takes into account of extended market data, so turn it on for it to work as intended. 3. This strategy is mainly developed for SPY trading on 1 min chart, it probably will not work with other tickers without tweaking all the parameters first. 4. At the time of publish, the market is experiencing high volatility. Keep that in mind as market conditions changes constantly. How it works: Basic idea of this strategy is to look for 3 candle reversal pattern within trending market structure. The 3 candle reversal pattern consist of 3 consecutive bullish or bearish candles, followed by an engulfing candle in the opposite direction. This pattern usually signals a reversal of short term trend (a.k.a pullbacks). This strategy uses multiple moving averages to filter long or short entries. For example, if the 21 smoothed moving average is above the 50, only look for long (bullish) entries, and vise versa. There are settings to change these moving average periods to suit your needs. Linear Regression to determine whether the market is trending. The 3 candle pattern is more successful under trending market. This strategy aims for approximately 1:3 risk to reward ratio. Stop losses are calculated using the closest low or high values for long or short entries, respectively, with an offset using a percentage of the daily ATR value. This allows some price fluctuation without being stopped out prematurely. Price target is calculated by multiplying the difference between the entry price and the stop loss by a factor of 3. When price target is reach, this strategy will set stop loss at the price target and wait for exit conditions to maximize potential profit. By default, the strategy signals a trade in the opposite direction if the previous one had resulted in a loss. Often times, this opposite trade results in profit. This strategy automatically signal to close all trades at 3:50 pm EST at the end of the day. Enjoy~!!! Let's all make $$$
Pine Script™ strategy
by PtGambler
1
3 Candle Strike StretegyMainly developed for AMEX:SPY trading on 1 min chart. But feel free to try on other tickers. Basic idea of this strategy is to look for 3 candle reversal pattern within trending market structure. The 3 candle reversal pattern consist of 3 consecutive bullish or bearish candles, followed by an engulfing candle in the opposite direction. This pattern usually signals a reversal of short term trend. This strategy also uses multiple moving averages to filter long or short entries. ie. if the 21 smoothed moving average is above the 50, only look for long (bullish) entries, and vise versa. There is option change these moving average periods to suit your needs. I also choose to use Linear Regression to determine whether the market is ranging or trending. It seems the 3 candle pattern is more successful under trending market. Hence I use it as a filter. There is also an option to combine this strategy with moving average crossovers. The idea is to look for 3 candle pattern right after a fast moving average crosses over a slow moving average. By default , 21 and 50 smoothed moving averages are used. This gives additional entry opportunities and also provides better results. This strategy aims for 1:3 risk to reward ratio. Stop losses are calculated using the closest low or high values for long or short entries, respectively, with an offset using a percentage of the daily ATR value. This allows some price fluctuation without being stopped out prematurely. Price target is calculated by multiplying the difference between the entry price and the stop loss by a factor of 3. When price target is reach, this strategy will set stop loss at the price target and wait for exit condition to maximize potential profit. This strategy will exit an order if an opposing 3 candle pattern is detected, this could happen before stop loss or price target is reached, and may also happen after price target is reached. *Note that this strategy is designed for same day SPY option scalping. I haven't determined an easy way to calculate the # of contracts to represent the equivalent option values. Plus the option prices varies greatly depending on which strike and expiry that may suits your trading style. Therefore, please be mindful of the net profit shown. By default, each entry is approximately equal to buying 10 of same day or 1 day expiry call or puts at strike $1 - $2 OTM. This strategy will close all open trades at 3:45pm EST on Mon, Wed, and Fri. **Note that this strategy also takes into account of extended market data. ***Note pyramiding is set to 2 by default, so it allows for multiple entries on the way towards price target. Remember that market conditions are always changing. This strategy was only able to be back-tested using 1 month of data. This strategy may not work the next month. Please keep that in mind. Also, I take no credit for any of the indicators used as part of this strategy. Enjoy~
Pine Script™ strategy
by PtGambler
7
Agressive ScalperThis indicator I thought after a while of research and decided to code for people that wants to scalp on low time frames. It's recommended to use it in 1 to 5 min timeframes. It uses ATR, Past high and lows and stochastic overbought and oversold zones along with some consolidation code to avoid fast swings. I also added Take Profit and Stop Loss signals based on slow ATR values. I may add more features later on if people find it useful.
Pine Script™ indicator
by serkany88
21
Scalping Trading System bot Crypto and StocksThis is a trend trading strategy scalping bot that can work with any type of market. However I concluded my tests so far with Crypto, Stocks and Forex, and with optimizations always could be found some profitable settings. Indicators SImple Moving Average Exponential Moving Average Keltner Channels MACD Histogram Stochastics Rules for entry long= Close of the candle bigger than both moving averages and close of the candle is between the top and bot levels from Keltner. At the same time the macd histogram is negative and stochastic is below 50. short= Close of the candle smaller than both moving averages and close of the candle is between the top and bot levels from Keltner. At the same time the macd histogram is positive and stochastic is above 50. Rules for exit We exit when we meet an opposite reverse order. This strategy has no risk management inside, so use it with caution !
Pine Script™ strategy
by exlux
20
Forex Fractal EMA ScalperThis is a forex scalper designed for very short timeframes 1-5 min max. At the same time due to the short timeframe, is recommend to re optimize it weekly . Its components are Fractals Triple EMA with different lengths Rules for entry: For long : we have an up fractal and all 3 ema are in ascending order For short: we have a down fractal and all 3 ema are in descending order. Rules for exit We exit when we either get a reverse order or when we hit the take profit or stop loss calculated in fixed pips.
Pine Script™ strategy
by exlux
3
15m Candle ToolShows historical 15min candles for the 1m, 3m , and 5m time frames. Counts down the time until the current 5m, 15m, and 1H candles close. Recommended use on the 1m, 3m , and 5m TimeFrames!!! Legend: Vertical Lines (Left to Right) -15m Candle wick (solid line) * -Close of current 5m candle (red dotted) -Close of current 15m candle (blue dashed) - Close of current 1H candle (green solid) Horizontal Lines (Top to Bottom) - Previous 15m high (top of wick) * - Subdivisions of the low to high of the previous 15m candle (.25, .50, .75) (WHITE LINES, .50 is extended) - inter candle average of the highs within the previous 15m candle (solid green) - average of the inter candle highs and lows (grey dashed) - inter candle average of the lows within the previous 15m candle (solid red) - Previous 15m low (bottom of wick) * Previous Candle Body * * = Changes color based on the bar color.
Pine Script™ indicator
by SamRecio
5
Forex Scalping 1min Bollinger Bands, RSI and ADX Trading SystemThis is a Forex Scalping Trading Sytem based on the Bollinger Bands. Its suited for major pairs, with lowest possible comission (below 1 pip) and with timeframes ranging between 1-15 min. Indicators: Bollinger bands ADX RSI Rules for entry: Long Entry: price to move below the upper Bollinger Bands RSI raise above the 30 line and ADX<32 at the same time. Short Entry: price to move above the upper Bollinger Bands, RSI raise below the 70 line and ADX<32 at the same time. Rules for exit Profit Exit: 3 options: 1, exit position when the price touches the middle band, 2) when the price touches the opposite band, X pips target profit. Loss Exit: X pips loss
Pine Script™ strategy
by exlux
7
Intraday FOREX london scalperThis forex System is only for ECN Broker Account. Pairs: Major with spread < 0.0001 (EUR/USD). Setup: Wait for the market to make to 60 minute from the open. If the market is near the intraday high be prepared to go short If the market is near an intraday low for the same time period, then be prepared to go long. Rules for entry For sell setups: Enter on sell stop 1 pip from low of the last 15 min bar. For buy setups: Enter in buy stop 1 pip from high of the last 15-minute bars. Rules for exit Take profit: Close out positions on 6 pips profit.. Stop Loss: Close out on 5 pips loss or if trade takes more than 1 minute.
Pine Script™ indicator
by exlux
3
CRYPTO TRADING BOT - 1min SCALPING LONG/SHORTHOW IT WORKS The core concept behind the script is the determination of the current market mood in sense of creating a trendline indicator using EMA / SMA . By using this trend indication alongside RSI / MACD value range, we are able to enter/exit the market in both directions: LONG and SHORT . In case of confirmed false signals, we try to catch up the next good opportunity to minimise loss and to close the current trade. If the chance for a good countertrade is given at this point, the market is going to be entered reversely. Should the market move incredibly fast against our trade direction, we use proven Stop-loss targets, to bring our children into safety. As many others, we could tell you now, that we used state-of-the-art machine learning algorithms as well as highly sophisticated methods to gain our results. As a fact, we started with an idea, using simple and common trading tools/indicators, as a solid ground. We did not want to reinvent the wheel and it paid off. GET A WORKING SCRIPT The algorithm we are using has initially been created with a self-developed backtesting software. To be able to deliver gas to our engine, we have bought a huge amount of OHLCV data for the 1min chart. After many exhausting and frustrating weeks of our workflow-rotation (develop, fail, fix, test, repeat) we finally got confirmation for all of our conditions/expectations, so we translated our algorithm into pine-code. THE RESULTS Since we have been using our Pine-Strategy alongside our backtesting software , we checked all the results provided by TradingView and our tool to be 100% sure every outcome, every entry and every exit is exactly the same. We did this for several months and since 2021 June we have been using it with real Alerts, coped to our binance account. Below, you will find how the performance for the previous months looked like (every trade was made with 100% of the capital, of course using proper stop loss and take profit): September 2020: 15.18% October 2020: 36.17% November 2020: 15.12% December 2020: 48.58% January 2021: 150.10% February 2021: 45.96% March 2021: 46.48% April 2021: 4.96% May 2021: 43.48% June 2021: -28.99% Juli 2021: 15.63% August 2021 (so far): 11.57% Accumulated Profit: 1,979.01% To prove our results, we will link an excel sheet for every trade that was made within this timerange. Link: docs.google.com ABOUT US We are two good friends, both incredibly interested in mathematics, software engineering, AI and algorithmics. After getting introduced into the crypto space by a common friend, we started figuring out that there is a pattern behind every big or small move which happens in an asset. This is where the passion for creating a CRYPTO TRADING BOT began. It was our goal, to create this script for the 1min Timeframe, so the software can react quickly when a big or small move is happening - this is why it is called a SCALPING SCRIPT . We are incredibly proud of this script and would like to share it with this amazing community - just hit us up on TradingView!
Pine Script™ strategy
by btfactory
13
MACD/RVSI/Stoch/RSI/EXP(Drawdown)I have been trying for several months to get a script to work on the 1min and this one gives some good backtest results. This script will also work on higher timeframes however, I've not extensively tested on higher timeframes. My aim was to get results on about 20 crypto coins then run the 1min bots in parallel looking for small frequent profits across all the coins. If you would like me to try and fit backtest results to any coin or pair on any timeframe please do get in touch anytime. It's based on several indicators which are combined and then a newish way for the stop loss to implement based on an exponential rising which limits the time in each trade unless the price moves in the direction of the trade. The other useful feature is drawdown minimization which previously made all of my 1minute bot attempts non-practical due to differences between backtesting and actually running the bot(s) live. Its possible at the top to paste in strategy comments which can be used through web-hooks for auto trading bots. Leaving these blank just defaults to the pre-programmed comments that provide some indication of why a trade was exited. It is possible to select for Short and/or Long trades. Note however, that there are exponential markers on the charts for both long and short trades in any setting. I found that this way the bot worked well with regards to timing. The next part of the user interface settings gets a bit tricky so try and use the sample parameters provided below. For example, select a crypto coin then try some of the options below until a reasonable backtest result in obtained (or select the best from the parameter groups tested) then move down the settings interface to optimise with the remaining settings. So 'Use MACD/RVSI', 'RSI clause' and 'Use Stochastic' are set to true for the below sample settings (1min timeframe). MACD/RVSI Confluence Resolution (1min, 2min, 5min, 10min, 1hour) Timeframe RSI (1min, 2min, 3min, 15min, 1hour) FastStoch, SlowStoch (1min, 45min: 5min, 30min: 1min, 1hour: 5min, 1hour) Eg. for FTX:ETHPERP (MACD/RVSI Confluence Resolution=1hour, Timeframe RSI= 1min, FastStoch = 1min, SlowStoch = 45min) Setting the timings is tricky - there is a lot going on. Have a look at the chart and select/deselect the options. The MACD/RVSI Confluence Resolution shows red and green vertical regions on the chart background. The Timeframe RSI colors the candle bodies red and green. These go green if the RSI crossed over 31% or red in the RSI crossed under 69%. The MACD/RVSI Confluence Resolution is explained in more detail in one of my other scripts. Then the Slow Stoch colors above and below the price action with red or green lines depending if on an uptrend or downtrend (approximately). Where there is also an up/down trend on the faster timeframe stoch there are vertical shaded fill regions between the slow stop above/below lines. With all the above conditions selected to represent the data (looking at strategy backtest results whilst adjusting) there is a reasonable approximation to a credible trade. So once an ok backtest result is obtained by selecting timing settings. Its ontot the Stop Ramp Settings. This is an exponential line which rises rapidly after a period of time thus exiting the trade or going upwards with the trade. It kind of limits the maximum time a trade will stay in position which forms part of the timing aspect of this bot. Look at the chart exponential red lines and adjust the settings, along with the backtest results to select a good timing. Then its the Drawdown Catcher and the Take Profit Setting. Start with the drawdown catcher disabled i.e. set to zero. Put in a conservative Take Profit, for example if a Take Profit at 6% gives the best backtest results, go for 4% to account for differences between backtest results and actual live bot performance. Then start to increase the Drawdown Catcher. This shades a lime region where the bot will not enter a trade. I found that with most trades using this bot, if the price action moved in the direction of the trade (long or short) at the onset - this gave most of the good results (high probability of positive trade). Also if a trade entered at the start price and when south, the accumilated drawdown from these failing trades made all previous 1min bot attempt non=profitable in practice (even with good backtest results). The exp timing and also this drawdown reduction strategies seem to be the thing which makes this approach credible. Try to go for settings that give a very high change of positive trade. For example, an 85% profitable trades will probably provide say 55% positive trades in practice as its always highly possible to just fit the parameters to the exact position/trade timings - and in reality going forwards these don't play out the same. Also a Profit Factor of 2 is about the minimum I would accept - again this provides for example a Profit Factor of 1.2 in practive. However all being said - I think its possible with this bot on the 1min across lots of coins - with regularly updating settings - to make profits. (Not financial advice) Please do get in touch if you would like me to fit this bot to anytimeframe to any trade. MoonFlag PhD
Pine Script™ strategy
by MoonFlag
3
Sentiment EURUSD 1m with hedging zonesThis is a very specialised and optimized script, for 1m EURUSD traders - daytraders, scalpers. 1m trading is very difficult, but it can be also most profitable, if done right. Why difficult? It is hard to detect market direction - usually when trend indicators reverse, that new trend is already over. One and the same indicator signal sometimes provides one outcome (for example reversal) and sometimes exactly the opposite (continuation). It requires deep understanding on WHEN to use which indicator and when to ignore signals. Set the parameters of your indicators to a very sensitive extent and they will keep changing direction back and forth - always being too late of course :) Set the parameters too losely, and you'll be late with entries 100% of times. Looking for universal trend-showing indicator? There is none... This script is a result of 2 years of practical following EURUSD 1m market action. Looking at charts with MANUAL TRADER'S eyes. Analyzing all together: price action, indicators, zigzag, divergences, momentum, pivot points, support and resistance. On the one hand traders say only manual trading can be successful and on the other - to stick to one strategy and be automatic when applying to it. So this is it - automatic coding of market signals as if manual trader would do it. Forex is news-driven? Yes, it is. So if market sentiment changes because of some news happening, the script will quickly recognize it and suggest reversal. Please note I'm not pretending to have a crystal ball. Nobody has. The goal of this script is not to predict where EURUSD market will be, but to correctly notice that is has reversed. Nothing else. Sometimes the market will move towards reversal, but not cross the line yet - these are so-called HEDGING ZONES. Sometimes they turn out to be reversals and sometimes simply best places for dip entries. Ideally a trader should hedge there, because market could move either way. You might wanna apply apply knowledge of market fundamentals there or look into some micro-indicators. Anyway, it is good to realize where those zones are and this script shows them. In pink. It is invite-only script. DM me for access.
Pine Script™ indicator
by Peter_O
24
Crypto BOT lower timeframesThis is a crypto bot designed for lower time frames. Its made of 2 EMA, one fast and one slower . They are combined together with Stochastic, MACD and price action patterns. For entries we have multiple conditions : First we check if one of our last 4 closed candles crossed above or below the faster EMA. After that for long, we check that last close is above the fast EMA, that the fast ema is above the slower EMA, at the same time that the histogram from MACD is positive and that we have crossover with the oversold line on stochastic. For the short , the opposite of long. For exit we have TP/SL mechanic based on price % movement, in this example if the price moved 10% from the initial position it will exit.
Pine Script™ strategy
by SoftKill21
11
Amazing scalper for majors with risk managementHello, Today I am glad to bring you an amazing simple and efficient scalper strategy. Best suited for 1M time frame and majors currency pairs. Its made of : Ema (exponential moving average) , long period 25 Ema(exponential moving average) Predictive, long period 50, Ema(exponential moving average) Predictive, long period 100 Risk management , risking % of equity per trade using stop loss and take profits levels. Long Entry: When the Ema 25 cross up through the 50 Ema and 100 EMA. and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it) Short Entry: When the Ema 25 cross down through the 50 Ema and 100 EMA, and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it) Exit: TargetPrice: 5-10 pips Stop loss: 9-12 pips Hope you enjoy it :)
Pine Script™ strategy
by SoftKill21
2
Sharp Shooter - by FiatDropoutThis is an experimental script and is intended to be used only on LTF charts for scalping. It may or may not be useful on other charts and time frame, but that is subject to back testing. Now, coming back to this script. It has multiple features yet i tried to keep it as clean in representation as possible. As obvious, few things are easily recognizable on chart, such as: BUY - Go LONG STRONG BUY - Heavy Uptrend is expected, Go LONG SELL - Go SHORT STRONG SHORT - Heavy Downtrend is expected, Go SHORT. on addition to above signals, there are few other plot-shapes, which are: Red Circle - Acts as TP for LONG during uptrend and acts as Add-On SHORT during downtrend Green Circle - Acts as TP for SHORT during downtrend and acts as Add-on LONG during uptrend. Red Background - Bearish Peak, potential start of downtrend Blue Background - Bullish Peak, potential start of uptrend ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Now that plots are over, lets go to how to use them. As name of this script suggests, it intends to find most optimal entry and exit for long and short while taking profit on the way and adding to the position until trend changes. Be aware that trend here is very much based on current time-frame and does not represent other time-frame's bias. Also, trend here is intended to be used as a scalp trend and not a swing trend. Now once, you get a signal for BUY(example), then wait for "Bullish Peak"(blue background) to appear with either "STRONG BUY" or just "BUY" and take an entry at respective price, next look for "red circle" which acts as TP for long(refer sec, above) and either move stop to entry, or take partial profits or close position entirely. Now every subsequent "green circle" will act as add-on for long and every "red circle" will act as TP for long, until "Bearish Peak" appears, which will reverse the order of how circles are used and direction of the trade. Now during "Bearish Peak" and until "Bullish Peak" appears, "red circle" will act as add-on for short and "green circle" will act as TP for short. It might take some time to adjust to the plots, but i have decided to keep it that way in order to keep chart clean of too many signals. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ NOTE : Please use stops and be sure to place orders quickly as prices move faster on minute charts and you should be able to place orders and stop right away, so if you are new to trading and are currently in early stage of the business, scalping is strongly not advised, let alone this indicator. Also, past performance are not guarantee of future results and most importantly, this indicator does not repaint. By using this indicator, you accept that i am not responsible for any losses or gains made by user by trading with help of this bot. Also, in next update, i will fix some bug, add some SS and also add alerts. Alerts are not being added currently because of high volatile nature of the bot signals which if tried on automation can give varied results. Once everything is set, i shall add alerts. for any other queries, feel free to get back here on chat or DM.
Pine Script™ indicator
by FiatDropout
28
Strategy - Bobo Intraday Swing Bot with filtersThis is an adapted version of my swing bot with additional filters that mean it works quite well on lower timeframes like 1min, 5 mins as long as you adjust the setting accordingly (reduce pivot timescale, band width) Entry conditions are filtered by an invisible trend calculation running in the background so the bot doesn't repeatedly try and fail to fade a strong trend. It has just about everything you should need for basic use, stop losses and targets, automatically close trade at pivot. I get good results on rangey instruments like major indices such as SPX / ES that kind of thing. Make sure you understand the minmum tick value of an index so the stop setting on the bot work properly Hope it's useful!
Pine Script™ strategy
by BobVanders
11