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Combo Backtest 123 Reversal & Directional Trend Index (DTI) This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy This technique was described by William Blau in his book "Momentum, Direction and Divergence" (1995). His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods. Directional Trend Index is an indicator similar to DM+ developed by Welles Wilder. The DM+ (a part of Directional Movement System which includes both DM+ and DM- indicators) indicator helps determine if a security is "trending." William Blau added to it a zeroline, relative to which the indicator is deemed positive or negative. A stable uptrend is a period when the DTI value is positive and rising, a downtrend when it is negative and falling. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
Combo Backtest 123 Reversal & DiNapoli Detrended Oscillator This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy DiNapoli Detrended Oscillator Strategy WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
2
BEST Engulfing + Breakout StrategyHello traders This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators. Convergence is the solution to my trading problems. It's a puzzle with infinite possibilities and only a few working combinations. Here's one that I like - Engulfing pattern - Price vs Moving average for detecting a breakout Definition Take out the notebooks :) and some coffee (good for focus). I'm bullish in coffee The engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The bullish Engulfing pattern appears in a downtrend and is a combination of one red candle followed by a larger green candle The bearish Engulfing pattern appears in a downtrend and is a combination of one green candle followed by a larger red candle Example: imgur.com We're bored sir... what's the point of all this? In summary, an engulfing is a pattern to track reversals. (the whole TradingView audience stands up now giving a standing ovation) Adding the Price vs Moving average filters allows to track reversals with momentums (half of the audience collapsed because this is too awesome) Ok sir... you picked up my interest I included some cool backtest filters: - date range filtering - flexible take profit in USD value (plotted in blue) - flexible stop loss in USD value (plotted in red) All the best Dave
Pine Script™ strategy
by Daveatt
21
Key Reversal Up Backtest A key reversal is a one-day trading pattern that may signal the reversal of a trend. Other frequently-used names for key reversal include "one-day reversal" and "reversal day." How Does a Key Reversal Work? Depending on which way the stock is trending, a key reversal day occurs when: In an uptrend -- prices hit a new high and then close near the previous day's lows. In a downtrend -- prices hit a new low, but close near the previous day's highs WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
How To Set Backtest Time Ranges Example how to set the time range window to be backtested for both entries and exits. Additional examples are also included showing how to set the date range and toggle plot visibility. By incorporating this code with your own strategy's logic, it will allow you to backtest various time windows. Much gratitude to @LucF and @a.tesla2018 for help with including ':1234567' for time ranges on weekends. Thank you both! NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
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Pine Script™ strategy
by allanster
42
Key Reversal Down Backtest A key reversal is a one-day trading pattern that may signal the reversal of a trend. Other frequently-used names for key reversal include "one-day reversal" and "reversal day." How Does a Key Reversal Work? Depending on which way the stock is trending, a key reversal day occurs when: In an uptrend -- prices hit a new high and then close near the previous day's lows. In a downtrend -- prices hit a new low, but close near the previous day's highs WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
2
BEST Trend Direction Helper (Strategy Edition)Hello traders A follower asked me to convert my Trend Direction Helper into a strategy So blessed this indicator reached the 1400+ likes milestone - I can't believe how many people are trading with it I based the setup as follow: - Entries on those green/red labels - exit whenever a Simple Moving Averages cross in the opposite direction happen - possibility to filter only Longs/Shorts or both Also... The strategy includes the Zig Zag/Pivots high/low and other options from the indicator version. I only added a quick strategy component with a hard exit concept based on SMA cross All the best fam and... HAPPY NEW YEAR !!!!!!!!!!! Dave
Pine Script™ strategy
by Daveatt
41
Expert studio strategy 1 - GBPUSDThis is part of a series of strategies developed automatically by a online software. I cannot share the site url, which is not related to me in any way, because it is against the TV reules. This strategy was optimized for GBPUSD, timeframe 1D, fixed lots 0.1, initial balance 1000€. LOGIC: - LONG ENTRY when previous candle is bear - LONG EXIT: RVI > signal line - SHORT ENTRY when previous candle is bull - SHORT EXIT: RVI < signal line NOTE: I considered the open of actual candle instead of close otherwise there will be a back shift of 1 candle in pine script Take profit = no Stop loss = no I have also a study with alarms. Please use comment section for any feedback.
Pine Script™ strategy
by 03.freeman
Combo Backtest 123 Reversal & D_DSP (Detrended Synthetic Price) This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Detrended Synthetic Price is a function that is in phase with the dominant cycle of real price data. This DSP is computed by subtracting a half-cycle exponential moving average (EMA) from the quarter cycle exponential moving average. See "MESA and Trading Market Cycles" by John Ehlers pages 64 - 70. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
1
Customizable MACD (how to detect a strong convergence)Helloooo traders I wondered once if a MACD was based on an EMA/EMA/SMA or SMA/SMA/EMA (or WHATEVA/WHATEVA/WHATEVA). Seems they're so many alternatives out there. I decided to empower my audience more by choosing the type of moving averages you want for your MACD. More options doesn't always mean better performance - but who knows - some might find a config that they like with it for their favorite asset/timeframe. I added also a multi-timeframe component because I'm a nice guy ^^ Convergence is my BEST friend An oscillator (like MACD) is to measure how strong a momentum is - generally, traders use those indicators to confirm a trend. So understand that a MACD (or any other indicator not based on convergence ) won't likely be sufficient for doing great on the market. Combined with your favorite indicator, however, you may get great results. My indicators fav cocktail is mixing : 1) an oscillator (momentum confirmation) 2) a trendline/key level break (momentum confirmation) 3) adding-up on a different trading method but still converging with the first entry. The reason I'm deep with convergence detection is because I'm obsessed with removing those fakeout signals. You know which ones I'm talking about :) Those trades when the market goes sideways but our capital goes South (pun 100% intended) - 2 days later, the price hasn't changed much but some lost some capital due to fees, being overexposed, buying the top/selling the bottom of a range they didn't identify. It's publicly known that ranges are the worst traders' enemy. It's boring, not fun, and .... end up moving in the direction we expected when we go to sleep or outside. NO ONE/BROKER/EX-GF is tracking your computer - I checked also for mine as it happened for me way too often in the past. I surely preferred blaming a few external unknown conditions than improving my TA back in the days #bad #dave But my backtest sir... Our backtests show what they're being told to show . A backtest without a stop-loss/hard exit logic will show incredible results. Then trying that backtest with live trading is like in the Matrix movie - discovering the real world is tough and we must choose between the blue pill (learning how to evaluate properly risk/opportunity caught) and the red pill (increasing the position sizing, not setting a stop loss, holding the positions hoping for the best) Last few words Convergences aren't invented because it's cool to mix indicators with others. (it is actually and even fun) They're created to remove most of the fakeouts . For those that can't be removed - a strong risk management would cut most of the remaining potential big losses. No system works 100% of the time - so a convergence system needs a back-up plan in case the converged signal is wrong (could be stop-loss, hard exit, reducing position sizing, ...) Wishing you the BEST and happy beginning of your week Daveatt
Pine Script™ indicator
by Daveatt
NoNonsense Forex - high timeframe trading absurd NON-REPAINTINGSome time ago I bumped into NoNonsense Forex - pretty good-looking course with well-designed videos, reasonable rules, etc. Nice explanatory videos, not selling anything, building indicators-only strategy. But there was one thing that really annoyed me - it was supposed to work only on Daily timeframe. What is the point in trading such high timeframe, if decisions changing market direction are playing out within 1 minute? What is the point in evaluating trades from 1994 if we are 25 years later? Anyway, I have developed this strategy, which is: - non-repainting - not using trailing-stop - not using any other known TradingView backtest bugs And I'm showing it as an example of OVERFITTING. Backtesting results look absurd: 100% profitable. But if you change any of the many parameters in the Settings popup, they will turn into disaster. It means, the rules of this strategy are very fragile. Don't trade this! Remember about backtesting rule #1: past results do not guarantee success in the future. I'm giving this strategy out with the source code. Feel free to do anything you want with it. But if you find parameters or modifications on, which allow profitable trading on lower timeframes, don't be shy, let me know :) ********* Forex / Indices / Commodities traders who want to start AUTO-TRADING might want to take a look at "TradingConnector", which allows no-latency trades execution from TradingView to MT4/MT5.
Pine Script™ strategy
by Peter_O
20
Real Candles Heikin Ashi (HA) Candle functionsThis script plots both real and HA candles regardless or which are used on the chart in TV settings. (and has the functions for you to use.) Lots of people seem to misunderstand backtesting (or scam people) based on HA candles. Backtesting with HA candles leads to impossible trades. ALWAYS backtest with real candles. That doesn't mean you might not want to look at HA candle values to make trading decisions. Add the code below to calculate HA candles from real and use that in your HA trading algo, but test it on real charts.
Pine Script™ indicator
by yatrader2
6
How To Set Trade Dates Example how to backtest specific date(s) which can be useful for testing seasonality strategy ideas such as "Sell in May", etc. If using Daily period with wild card dates it will not trade on 1st day of month. If market is closed will trade on next open day. Works only with Daily or lower timeframes. When using on Daily timeframe set dates 1 day earlier to execute on desired dates. Entering 0 in any of the date fields acts a wild card. Example -> Entry Year: 0 is "Every Year", Exit Month: 0 is "Every Month", etc. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pine Script™ strategy
by allanster
2
How To Auto Set Date RangeExample how to automatically set the date range window to be backtested from X days or weeks ago to present. Additional options are also included to manually set the date range or to show entire range available. Normally when you change chart period it changes the number of days being backtested, which means as you increase the chart period (for example from 5min to 15min), you also increase the number of days traded. So you can not compare apples to apples for which period would yield best performance for your strategy. By incorporating this code with your own strategy's logic (replacing buy and sell), it will allow you to compare results of different period backtests over the same duration of time. Date Range: ALL uses entire history. Date Range: DAYS uses number you set in # Days or Weeks Date Range: WEEKS uses number you set in # Days or Weeks Date Range: MANUAL uses manual dates you set in From and To fields Much gratitude to @pinechrix for suggesting this improvement to me, and to @Gesundheit for pointing me in the right direction on the original example I published previously. Thank you both! NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pine Script™ strategy
by allanster
10
Average True Range BandsThis is a simple script to assist you in manual backtesting! Perfect for the NNFX crowd or anyone that enjoys manual backtesting. Usage 1. Slap this bad boy on your chart. 2. Adjust period and multiplier (defaults are 14 period and 1.5x). 3. Put on the indicator/system you are testing. 4. Enter bar replay mode. 5. Drag your long/short position take profit and stop loss to the upper and lower bands. (long/short positions are available on the left-hand toolbar) 6. Profit! If you enjoy/use this script, drop me a follow and please note me in your code! I'm *almost* always available for collabs and questions.
Pine Script™ indicator
by DasanC
1
Combo Backtest 123 Reversal & Breakout Range Short This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Breakout Range Short Strategy WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
2