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Bands and Channels

Ichimoku Cloud and ADX with Trailing Stop Loss (by Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. 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. The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up. The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down. DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI, the trend is weak or moving on the downside. The ADX does not give an indication of the direction but about the strength of the trend. Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +DI positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach. Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is maybe about to reverse. This strategy combines the Ichimoku Cloud with the ADX indicator to better enter trades. Long orders are placed when these basic signals are triggered. Long Position: Tenkan-Sen is above the Kijun-Sen Chikou-Span is above the close of 26 bars ago Close is above the Kumo Cloud MACD line crosses over the signal line -DI is greater than +DI ADX is greater than 45 Close Position: 3% increase trailing 3% decrease trailing The script is backtested from December 2022 and provides good returns. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
Pine Script™ strategy
by Coinrule
BankNifty_Bullish_Intraday The script uses following mechanism to give a signal of BUY if multiple parameters evaluated are all passed. ENTRY- 1. 5 min MACD should be more than its previous tick 2. 15 min MACD should be more than its previous tick 3. 60 min MACD should be more than its previous tick 4. ADX should be more than 12 5. RSI should be more than 60 6. Stochastic %k should have cross over with %d 7. Bollinger band upper band value should be more than previous tick EXIT If the 5 min bar price closes below 5 min EMA , it gives an exit signal.
Pine Script™ strategy
by makarandpatil
2
BankNifty_Bearish_Intraday The script uses following mechanism to give a signal of SELL if multiple parameters evaluated are all passed. ENTRY- 1. 5 min MACD should be less than its previous tick 2. 15 min MACD should be less than its previous tick 3. 60 min MACD should be less than its previous tick 4. ADX should be more than 12 5. RSI should be less than 40 6. Stochastic %k should have negative cross over with %d 7. Bollinger band lower band value should be less than previous tick EXIT If the 5 min bar price closes above 5 min EMA , it gives an exit signal.
Pine Script™ strategy
by makarandpatil
2
M0PB (Momentum Pullback)Long/short strategy that identifies extreme readings on the rsi as a *momentum signal*, unlike most RSI strategies the script will look to buy or sell the first pullback in the direction of the extreme RSI reading. Enters positions on the first pullback to the 5ema(low)/ 5ema(high) and exits at rolling 12 bar high/ low. The rolling high/ low feature means that if the price enters into a prolonged consolidation the profit target will begin to reduce with each new bar. The best trades tend to work within 2-6 bars. Built for use on 5 min intervals on FX, Indexes, and Crypto. Lower than 5 minute time frames tend to be noisier and mean more commissions and a higher risk of slippage so the suggested timeframe is 5 mins.  Hard stop is X ATR (users can experiment with this) from the position entry price. This can be adjusted in user inputs. There is a lot of slack left in entries and exits but the overall strategy is fairly robust across timeframes and markets and has between 60%-70% win rate with larger winners. Signals that occur from economic news volatility are best avoided.
Pine Script™ strategy
by Marcn5_
1
I11L - Reversal Trading Ideas by Larry ConnorsThis is my own Twist on Larry Connors Simple Tradingideas. It Combines the RSI, Averaging In and the Lowest Bars in a Single System. The current Configuration is designed for the Daily Timeframe. Feel free to play with the Parameters and keep in mind that Larry Intended to buy fear and sell the greed! The Rules are the following: ---Buy--- Buy, if the lowest Bar of your Configuration has been hit (default is set to 7). ---Average Down-- Buy, if the lowest Bar of your Configuration * Your open trades has been hit AND only if the buyin is atleast 1% cheaper. ---Close--- Close, if the RSI closes above a certain level (default is set to 70). ---TP--- There is no TP ---SL--- There is no SL, so be cautions of your tail Risk!
Pine Script™ strategy
by I11L
5
Extended Recursive Bands StrategyThe original indicator was created by alexgrover . All credit goes to alexgrover for creating the indicator that this strategy uses. This strategy was posted because there were multiple requests for it, and no strategy based on this indicator exists yet. The Recursive Bands Indicator, an indicator specially created to be extremely efficient, I think you already know that calculation time is extra important in algorithmic trading, and this is the principal motivation for the creation of the proposed indicator. Originally described in Alex's paper "Pierrefeu, Alex (2019): Recursive Bands - A New Indicator For Technical Analysis", the indicator framework has been widely used in his previous uploaded indicators, however it would have been a shame to not upload it, however user experience being a major concern for me, I decided to add extra options, which explain the term "extended". The Indicator The indicator displays one upper and one lower band, every common usages applied to bands indicators such as support/resistance , breakout, trailing stop, etc, can also be applied to this one. Length controls how reactive the bands are, higher values will make the bands cross the price less often. In order to provide more flexibility for the user alexgrover added the option to use various methods for the calculation of the indicator, therefore the indicator can use the average true range , standard deviation, average high-low range, and one totally exclusive method specially designed for this indicator. Added logic: We have implemented a logic that checks whether the bands have been following in the same direction for a set amount of bars. This logic must be true before it can enter trades. This is completely new code that was written by us entirely, and it makes a huge difference on strategy performance. Strategy Long conditions: 1 — Price low is below the the lower band. 2 — The lower band keeps increasing in value until the 'lookback' setting amount of bars is reached. Strategy Short conditions: 1 — Price high is above the upper band. 2 — The upper band keeps decreasing in value until the 'lookback' setting amount of bars is reached. Strategy Properties: We have set a default commission of 0.06% because these are Bybit's fees. The strategy uses an order size of 10% of equity, since drawdown is very low like this. We also use a 10 tick slippage to keep results realistic and account for this. All other settings were left as default apart from initial capital, just to decrease the size of the numbers.
Pine Script™ strategy
by Adulari
4
Bollinger Band strategy with split, limit, stopEntering a short position after breaking the upper Bollinger Band, entering a long position when entering after breaking the lower Bollinger Band Provides templates for how to display position average price, stop loss, and profit price using the plot function on the chart, and how to buy splits After entering the position, if the price crosses the mid-band line, the stop loss is adjusted to the mid-band line.
Pine Script™ strategy
by Dicargo_Beam
1
Strategy Myth-Busting #20 - HalfTrend+HullButterfly - [MYN]#20 on the Myth-Busting bench, we are automating the " I Found Super Easy 1 Minute Scalping System And Backtest It 100 Times " strategy from " Jessy Trading " who claims 30.58% net profit over 100 trades in a couple of weeks with a 51% win rate and profit factor of 1.56 on EURUSD . This one surprised us quite a bit. Despite the title of this strategy indicating this is on the 1 min timeframe, the author demonstrates the backtesting manually on the 5 minute timeframe. Given the simplicity of this strategy only incorporating a couple of indicators, it's robustness being able to be profitable in both low and high timeframes and on multiple symbols was quite refreshing. The 3 settings which we need to pay most attention to here is the Hull Butterfly length, HalfTrend amplitude and the Max Number Of Bars Between Hull and HalfTrend Trigger. Depending on the timeframe and symbol, these settings greatly impact the performance outcomes of the strategy. I've listed a couple of these below. And as always, If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me. This strategy uses a combination of 3 open-source public indicators: Hull Butterfly Oscillator by LuxAlgo HalfTrend by Everget Trading Rules 5 min candles but higher / lower candles work too. Stop loss at swing high/low Take Profit 1.5x the risk Long Hull Butterfly gives us green column, Wait for HalfTrend to present an up arrow and enter trade. Short Hull Butterfly gives us a red column , Wait for HalfTrend to present a down arrow and enter trade. Alternative Trading Settings for different time frames 1 Minute Timeframe Move the Hull Butterfly length from the default 11 to 9 Move the HalfTrend Amplitude from the default 2 to 1 Enabling ADX Filter with a 25 threshold 2 Hour Timeframe Move the HalfTrend Amplitude from the default 2 to 1 Laddered Take Profits from 14.5% to 19% with an 8% SL
Pine Script™ strategy
by myncrypto
12
Click Draw TrendLine [UhoKang] v2 This is an indicator that directly draws a trend line by clicking on the candle. Click to Create Trend lines !! Create a trend line by connecting A, B, and C with three vertices. 1. Draw Bear Trend line Click pivot high : First pivothigh of the downtrend line Click pivot low : pivotlow of the downtrend line Click pivot high : Second pivothigh of the downtrend line 2. Draw Bull Trend line Click pivot low : First pivotlow of the uptrend line Click pivot high : pivothigh of the uptrend line Click pivot low : Second pivotlow of the uptrend line Modefiy Trendlines 1. Edit Bear Trend line Drag Red , , 2. Edit Bull Trend line Drag Green , ,
Pine Script™ strategy
by zard96
Heikin Ashi SupertrendAbout this Strategy This supertrend strategy uses the Heikin Ashi candles to generate the supertrend but enters and exits trades using normal candle close prices. If you use the standard built in Supertrend indicator on Heikin Ashi candles, it will produce very unrealistic backtesting results because it uses the Heikin Ashi prices instead of the real prices. However, by signaling the supertrend reversals using Heikin Ashi while using standard candle close prices for the entries and exits, it corrects the backtesting errors and gives you a more realistic equity curve. You should set the chart to use standard candles and then hide them (the strategy creates the candles). This strategy includes: Plotting of Heikin Ashi candles Heikin Ashi Supertrend Long and Short Entry Signals Move stop loss after trade is X% in profit Profit Target Stop Loss Built in Alertatron automation Alertatron Trade Automation Integration For Alertatron integration, be sure to configure the strategy settings and "Enable Webhook Messages" before creating an alert with {{strategy.order.alert_message}} in the body of your alert message. Be sure to enable webhooks and point it to your Incoming Alertatron webhook URL. Notes While this strategy does pretty well during trending markets, It's worth noting that the Buy and Hold ROI is much better during peak times of the bull market Not financial advice. Do not risk more than you can afford to lose.
Pine Script™ strategy
by jordanfray
16
Channels Strategy [JoseMetal]============ ENGLISH ============ - Description: This strategy is based on Bollinger Bands / Keltner Channel price "rebounds" (the idea of price bouncing from one band to another). The strategy has several customizable options, which allows you to refine the strategy for your asset and timeframe. You can customize settings for ALL indicators, Bollinger Bands (period and standard deviation), Keltner Channel (period and ATR multiplier) and ATR (period). - AVAILABLE INDICATORS: You can pick Bollinger Bands or Keltner Channels for the strategy, the chosen indicator will be plotted as well. - CUSTOM CONDITIONS TO ENTER A POSITION: 1. Price breaks the band (low below lower band for LONG or high above higher band for SHORT). 2. Same as 1 but THEN (next candle) price closes INSIDE the bands. 3. Price breaks the band AND CLOSES OUT of the band (lower band for LONG and higher band for SHORT). 4. Same as 3 but THEN (next candle) price closes INSIDE the bands. - STOP LOSS OPTIONS: 1. Previous wick (low of previous candle if LONG and high or previous candle if SHORT). 2. Extended band, you can customize settings for a second indicator with larger values to use it as STOP LOSS, for example, Bollinger Bands with 2 standard deviations to open positions and 3 for STOP LOSS. 3. ATR: you can pick average true ratio from a source (like closing price) with a multiplier to calculate STOP LOSS. - TAKE PROFIT OPTIONS: 1. Opposite band (top band for LONGs, bottom band for SHORTs). 2. Moving average: Bollinger Bands simple moving average or Keltner Channel exponential moving average . 3. ATR: you can pick average true ratio from a source (like closing price) with a multiplier to calculate TAKE PROFIT. - OTHER OPTIONS: You can pick to trade only LONGs, only SHORTs, both or none (just indicator). You can enable DYNAMIC TAKE PROFIT, which updates TAKE PROFIT on each candle, for example, if you pick "opposite band" as TAKE PROFIT, it'll update the TAKE PROFIT based on that, on every single new candle. - Visual: Bands shown will depend on the chosen indicator and it's settings. ATR is only printed if used as STOP LOSS and/or TAKE PROFIT. - Recommendations: Recommended on DAILY timeframe , it works better with Keltner Channels rather than Bollinger Bands . - Customization: As you can see, almost everything is customizable, for colors and plotting styles check the "Style" tab. Enjoy! ============ ESPAÑOL ============ - Descripción: Esta estrategia se basa en los "rebotes" de precios en las Bandas de Bollinger / Canal de Keltner (la idea de que el precio rebote de una banda a otra). La estrategia tiene varias opciones personalizables, lo que le permite refinar la estrategia para su activo y temporalidad favoritas. Puedes personalizar la configuración de TODOS los indicadores, Bandas de Bollinger (periodo y desviación estándar), Canal de Keltner (periodo y multiplicador ATR) y ATR (periodo). - INDICADORES DISPONIBLES: Puedes elegir las Bandas de Bollinger o los Canales de Keltner para la estrategia, el indicador elegido será mostrado en pantalla. - CONDICIONES PERSONALIZADAS PARA ENTRAR EN UNA POSICIÓN: 1. El precio rompe la banda (mínimo por debajo de la banda inferior para LONG o máximo por encima de la banda superior para SHORT). 2. Lo mismo que en el punto 1 pero ADEMÁS (en la siguiente vela) el precio cierra DENTRO de las bandas. 3. El precio rompe la banda Y CIERRA FUERA de la banda (banda inferior para LONG y banda superior para SHORT). 4. Igual que el 3 pero ADEMÁS (siguiente vela) el precio cierra DENTRO de las bandas. - OPCIONES DE STOP LOSS: 1. Mecha anterior (mínimo de la vela anterior si es LONGy máximo de la vela anterior si es SHORT). 2. Banda extendida, puedes personalizar la configuración de un segundo indicador con valores más extensos para utilizarlo como STOP LOSS, por ejemplo, Bandas de Bollinger con 2 desviaciones estándar para abrir posiciones y 3 para STOP LOSS. 3. ATR: puedes elegir el average true ratio de una fuente (como el precio de cierre) con un multiplicador para calcular el STOP LOSS. - OPCIONES DE TAKE PROFIT: 1. Banda opuesta (banda superior para LONGs, banda inferior para SHORTs). 2. Media móvil: media móvil simple de las Bandas de Bollinger o media móvil exponencial del Canal de Keltner . 3. ATR: se puede escoger el average true ratio de una fuente (como el precio de cierre) con un multiplicador para calcular el TAKE PROFIT. - OTRAS OPCIONES: Puedes elegir operar sólo con LONGs, sólo con SHORTs, ambos o ninguno (sólo el indicador). Puedes activar el TAKE PROFIT DINÁMICO, que actualiza el TAKE PROFIT en cada vela, por ejemplo, si eliges "banda opuesta" como TAKE PROFIT, actualizará el TAKE PROFIT basado en eso, en cada nueva vela. - Visual: Las bandas mostradas dependerán del indicador elegido y de su configuración. El ATR sólo se muestra si se utiliza como STOP LOSS y/o TAKE PROFIT. - Recomendaciones: Recomendada para temporalidad de DIARIO, funciona mejor con los Canales de Keltner que con las Bandas de Bollinger . - Personalización: Como puedes ver, casi todo es personalizable, para los colores y estilos de dibujo comprueba la pestaña "Estilo". ¡Que lo disfrutes!
Pine Script™ strategy
by JoseMetal
1
[Sniper] SSL Hybrid + QQE MOD + Waddah Attar StrategyHi. I’m DuDu95. ********************************************************************************** This is the script for the series called "Sniper". *** What is "Sniper" Series? *** "Sniper" series is the project that I’m going to start. In "Sniper" Series, I’m going to "snipe and shoot" the youtuber’s strategy: to find out whether the youtuber’s video about strategy is "true or false". Specifically, I’m going to do the things below. 1. Implement "Youtuber’s strategy" into pinescript code. 2. Then I will "backtest" and prove whether "the strategy really works" in the specific ticker (e.g. BTCUSDT) for the specific timeframe (e.g. 5m). 3. Based on the backtest result, I will rate and judge whether the youtube video is "true" or "false", and then rate the validity, reliability, robustness, of the strategy. (like a lie detector) *** What is the purpose of this series? *** 1. To notify whether the strategy really works for the people who watched the youtube video. 2. To find and build my own scalping / day trading strategy that really works. ********************************************************************************** *** Strategy Description *** This strategy is from "SSL QQE MOD 5MIN SCALPING STRATEGY" by youtuber "Daily Investments". "Daily Investments" claimed that this strategy will make you some money from 100 trades in any ticker in 5 minute timeframe. ### Entry Logic 1. Long Entry Logic - close > SSL Hybrid Baseline. - QQE MOD should turn into blue color. - Waddah Attar Explosion indicator must be green. 2. Short Entry Logic - close < SSL Hybrid Baseline - QQE MOD should turn into red color. - Waddah Attar Explosion indicator must be red. ### Exit Logic 1. Long Exit Logic - When QQE MOD turn into red color. 2. Short Entry Logic - When QQE MOD turn into blue color. ### StopLoss 1. Can Choose Stop Loss Type: Percent, ATR, Previous Low / High. 2. Can Chosse inputs of each Stop Loss Type. ### Take Profit 1. Can set Risk Reward Ratio for Take Profit. - To simplify backtest, I erased all other options except RR Ratio. - You can add Take Profit Logic by adding options in the code. 2. Can set Take Profit Quantity. ### Risk Manangement 1. Can choose whether to use Risk Manangement Logic. - This controls the Quantity of the Entry. - e.g. If you want to take 3% risk per trade and stop loss price is 6% below the long entry price, then 50% of your equity will be used for trade. 2. Can choose How much risk you would take per trade. ### Plot 1. Added Labels to check the data of entry / exit positions. 2. Changed and Added color different from the original one. (green: #02732A, red: #D92332, yellow: #F2E313) 3. SSL Hybrid Baseline is by default drawn on the chart. 4. If you check EMA filter, EMA would be drawn on the chart. 5. Should add QQE MOD and Waddah Attar Explosion indicator manually if you want to see QQE MOD. ********************************************************************************** *** Rating: True or False? ### Rating: → 1.5 / 5 (0 = Trash, 1 = Bad, 2 = Not Good, 3 = Good, 4 = Great, 5 = Excellent) ### True or False? → False → Doesn't Work on 5 minute timeframe. Also, it doesn't work on crypto. ### Better Option? → Use this for Day trading or Swing Trading, not for Scalping. (Bigger Timeframe) → Although the result was bad at 5 minute timeframe, it was profitable in 1h, 2h, 4h, 8h, 1d timeframe. → BTC, ETH was ok. → The result was better when I use EMA filter (only on longer timeframe). ### Robust? → So So. Although result was bad in short timeframe (e.g. 30m 15m 5m), backtest result was "consistently" profitable on longer timeframe. → Also, MDD was not that bad under risk management option on. ********************************************************************************** *** Conclusion? → Don't use this on short timeframe. → Better use on longer timeframe with filter, stoploss and risk management.
Pine Script™ strategy
by DuDu95
4
Trend #4 - ATR+EMA channelOverview: This strategy use ATR to take-profit, Red-EMA to stop-loss, Blue-EMA channel to judgment breakout. This strategy use commission setting is 0.05%, slippage setting is 2 ticks, you can set the appropriate value size in the properties page. What it does: This strategy detects when a trend is emerging and buy or sell. How it does it: When the price breaks through the blue EMA channel, the trend is judged to be strong in the short term, strategy generates a buy or sell order. After buying or selling,, if the price moves in the expected direction, uses ATR to determine the appropriate spread to take profit, otherwise use red EMA for stop loss. How to use it: Start Date and Stop Date - This parameter adjusts the time range used by the strategy. Stoploss - This parameter adjusts the stop loss amount after each order is placed. Blue EMA length - This parameter adjusts the length of the channel. Blue EMA multy - This parameter adjusts the width of the top and bottom of the channel. ATR Period - This parameter adjusts the number of candles used by the ATR. ATR mult - This parameter adjusts the upper and lower widths of the ATR. Lowering this parameter can improve the win rate, but not necessarily the profitability. Red EMA length - This parameter adjusts the number of candles used by the red EMA . Long - This switch is used to turn Long position on or off. Short - This switch is used to turn short position on or off.
Pine Script™ strategy
by zxcv55602
3
[DuDu95] SSL 4C MACD Laugerre RSI StrategyHello Guys! Nice to meet you all! Before I start, my nickname has changed to 'DuDu95'!! This is the Strategy introduced by youtube channel. I made this based on the open source indicator by kevinmck100, vkno422, KivancOzbilgic. Thank you All! ### Entry Logic 1. Long Entry Logic - close > SSL Hybrid baseline upper k (keltner channel) - macd signal > 0 and current MACD value > previous MACD value - Laguerre RSI < overbought Line. 2. short Entry Logic - close < SSL Hybrid baseline lower k (keltner channel) - macd signal < 0 and current MACD value < previous MACD value - Laguerre RSI > overbought Line. ### Exit Logic 1. Long Exit Logic - close < SSL Hybrid baseline lower k (keltner channel) - macd signal < 0 2. short Entry Logic - close > SSL Hybrid baseline upper k (keltner channel) - macd signal > 0 ### StopLoss 1. Can Choose Stop Loss Type: Percent, ATR, Previous Low / High. 2. Can Chosse inputs of each Stop Loss Type. ### Take Profit 1. Can set Risk Reward Ratio for Take Profit. - To simplify backtest, I erased all other options except RR Ratio. - You can add Take Profit Logic by adding options in the code. 2. Can set Take Profit Quantity. ### Risk Manangement 1. Can choose whether to use Risk Manangement Logic. - This controls the Quantity of the Entry. - e.g. If you want to take 3% risk per trade and stop loss price is 6% below the long entry price, then 50% of your equity will be used for trade. 2. Can choose How much risk you would take per trade. ### Plot 1. Added Labels to check the data of entry / exit positions. 2. Changed and Added color different from the original one. (green: #02732A, red: #D92332, yellow: #F2E313)
Pine Script™ strategy
by DuDu95
3
[fpemehd] SSL Baseline StrategyHello Guys! Nice to meet you all! This is my third script! This Logic is trend following logic, This detects long & short trends based on SSL Hybrid Baseline. This fits to the longer time frame like 4hr and 1d. ### Long Condition 1. close > SSL Hybrid baseline upper k - Baseline is the ma of close price. (You can choose ma type and length) - Upper k is the upper Keltner Channel. ### Short Condition 1. close < SSL Hybrid baseline lower k - Baseline is the ma of close price. (You can choose ma type and length) - Lower k is the lower Keltner Channel. ### Etc 1. Added Stoploss based on highest high or lowest low with lookback. 2. Strategy Template is based on @kevinmck100 template. Thank you!
Pine Script™ strategy
by DuDu95
4
GT 5.1 Strategy═════════════════════════════════════════════════════════════════════════ █ OVERVIEW People often look an indicator in their technical analysis to enter a position. We may also need to look at the signals of one or more indicators to verify the signals given by some indicators. In this context, I developed a strategy to test whether it really works by choosing some of the indicators that capture trend changes with the same characteristics. Also, since the subject is to catch the trend change, I thought it would be right to include an indicator using the heikin ashi logic. By averaging and smoothing the market noise, Heiken Ashi makes it easier to detect the direction of the trend helps to see possible reversal points on the chart. However, it should be noted that Heiken Ashi is a lagging indicator. I picked 5 different indicators (but their purpose are similar) and combined them to produce buy and sell signals based on your choice(not repaint). First of all let's get some information about our indicators. So you will understand me why i picked these indicators and what is the meaning of their signals. 1 — Coral Trend Indicator by LazyBear Coral Trend Indicator is a linear combination of moving averages, all obtained by a triple or higher order exponential smoothing. The indicator comes with a trend indication which is based on the normalized slope of the plot. the usage of this indicator is simple. When the color of the line is green that means the market is in uptrend. But when the color is red that means the market is in downtrend. As you see the original indicator it is simple to find is it in uptrend or downtrend. So i added a code to find when the color of the line change. When it turns green to red my script giving sell signals, when it turns red to green it gives buy signals. I hide the candles to show you more clearly what is happening when you choose only Coral Strategy. But sometimes it is not enough only using itself. Even if green dots turn to red it continues in uptrend. So we need a to look another indicator to approve our signal. 2 — SSL channel by ErwinBeckers Known as the SSL , the Semaphore Signal Level channel is an indicator that combines moving averages to provide you with a clear visual signal of price movement dynamics. In short, it's designed to show you when a price trend is forming. This indicator creates a band by calculating the high and low values ​​according to the determined period. Simply if you decide 10 as period, it calculates a 10-period moving average on the latest 10 highs. Calculate a 10-period moving average on the latest 10 lows. If the price falls below the low band, the downtrend begins, if the price closes above the high band, the uptrend begins. Lets look the original form of indicator and learn how it using. If the red line is below and the green band is above, it means that we are in uptrend, and if it is on the opposite side, it means that we are in downtrend. Therefore, it would be logical to enter a position where the trend has changed. So i added a code to find when the crossover has occured. As you see in my strategy, it gives you signals when the trend has changed. But sometimes it is not enough only using this indicator itself. So lets look 2 indicator together in one chart. Look circle SSL is saying it is in downtrend but Coral is saying it has entered in uptrend. if we just look to coral signal it can misleads us. So it can be better to look another indicator for validating our signals. 3 — Heikin Ashi RSI Oscillator by JayRogers The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Heikin-Ashi has a smoother look because it is essentially taking an average of the movement. There is a tendency with Heikin-Ashi for the candles to stay red during a downtrend and green during an uptrend, whereas normal candlesticks alternate color even if the price is moving dominantly in one direction. This indicator actually recalculates the RSI indicator with the logic of heikin ashi. Due to smoothing, the bars are formed with a slight lag, reflecting the trend rather than the exact price movement. So lets look the original version to understand more clearly. If red bars turn to green bars it means uptrend may begin, if green bars turn to red it means downtrend may begin. As you see HARSI giving lots of signal some of them is really good but some of them are not very well. Because it gives so much signals Now i will change time period and lets look same chart again. Now results are better because of heikin ashi's logic. it is not suitable for day traders, it gives more accurate result when using the time period is longer. But it can be useful to use this indicator in short time periods using with other indicators. So you may catch the trend changes more accurately. 4 — MACD DEMA by ToFFF This indicator uses a double EMA and MACD algorithm to analyze the direction of the trend. Though it might seem a tough task to manage the trades with the help of MACD DEMA once you know how the proper way to interpret the signal lines, it will be an easy task. This indicator also smoothens the signal lines with the time series algorithm which eventually makes the higher time frame important. So, expecting better results in the lower time frame can result in big losses as the data reading from the MACD DEMA will not be accurate. In order to understand the function of this indicator, you have to know the functions of the EMA also. The exponential moving average tends to give more priority to the recent price changes. So, expecting better results when the volatility is very high is a very risky approach to trade the market. Moreover, the MACD has some lagging issues compared to the EMA, so it is super important to use a trading method that focuses on the higher time frame only. What does MACD 12 26 Close 9 mean? When the DEMA-9 crosses above the MACD(12,26), this is considered a bearish signal. It means the trend in the stock – its magnitude and/or momentum – is starting to shift course. When the MACD(12,26) crosses above the DEMA-9, this is considered a bullish signal. Lets see this indicator on Chart. When the blue line crossover red line it is good time to buy. As you see from the chart i put arrows where the crossover are appeared. When the red line crossover blue line it is good time to sell or exit from position. 5 — WaveTrend Oscillator by LazyBear This is a technical indicator that creates high and low bands between two values. It then creates a trend indicator that draws waves with highs and lows within these boundaries. WaveTrend is a widely used indicator for finding direction of an asset. Calculation period: number of candles used to calculate WaveTrend, defaults to 10. Averaging period: number of candles used to average WaveTrend, defaults to 21. As you see in chart when the lines crossover occured my strategy gives buy or sell signals. ═════════════════════════════════════════════════════════════════════════ █ HOW TO USE I hope you understand how the indicators I mentioned above work and what they are used for. Now, I will explain in detail how to use the strategy I have created. When you enter the settings section, you will see 5 types of indicators. If you want to use the signals of the indicators, simply tick the box next to the indicators. Also, under each option there is an area where you can set the "lookback". This setting is a field that will make the signals overlap when you select more than one option. If you are going to trade with only one option, you should make sure that this field is 0. Otherwise, it may continue to generate as many signals as you choose. Lets see in chart for easy understanding. As you see chart, if i chose only HARSI with lookback 0 (HARSI and CORAL should be 1 minumum because of algorithm-we looking 1 bar before, others 0 because we are looking crossovers), it will give signals only when harsı bar's color changed. But when i changed Lookback as 7 it will be like this in chart. Now i will choose 2 indicator with settings of their lookback 0. As you see it will give signals when both of them occurs same time. But HARSI is an indicator giving very early signal so we can enter position 5-6 bars after the first bar color change. So i will change HARSI Lookback settings as 7. Lets look what happens when we use lookback option. So it wil be useful to change lookback settings to find best signals in each time period and in each symbol. But it shouldnt be too high. Because you can be late to catch trend's starting. this is an image of MACD and WAVE trend used and lookback option are both 6. Now lets see an example with 3 options are chosen with lookback option 11-1-5 Now lets talk about indicators settings. After strategy options you will see each indicators settings, you can change their settings as you desired. So each indicators signal will be changed according to your adjustment. I left strategy options with default settings. You can change it manually as if you want. ═════════════════════════════════════════════════════════════════════════ █  LIMITATIONS: Don't rely on non-standard charts results. For example Heikin Ashi is a technical analysis method used with the traditional candlestick chart.Heikin Ashi vs. Candlestick Chart: The decisive visual difference between Heikin Ashi and the traditional chart is that Heikin Ashi flattens the traditional candlestick chart using a modified formula. The primary advantage of Heikin Ashi is that it makes the chart more reader-friendly and helps users identify and analyze trends . Because Heikin Ashi provides averaged price information rather than real-time price and reacts slowly to volatility — not suitable for scalpers and high-frequency traders. I added HARSI indicator as a supportive signal because it is useful with using CORAL and SSL channel indicators. If you change your candle types to Heikin Ashi , your profit will change in good way but dont rely on it. ═════════════════════════════════════════════════════════════════════════ █  THANKS: Special thanks to authors of the scripts that i used. @LazyBear and @ErwinBeckers and @JayRogers and @ToFFF ═════════════════════════════════════════════════════════════════════════ █  DISCLAIMER Any trade decisions you make are entirely your own responsibility.
Pine Script™ strategy
by iori86
2
BT-Bollinger Bands - Trend FollowingEsse script foi criado para estudo de Backtest. O script usa as Bandas de Bollinger para indicar o início de uma tendência, a entrada é configurada quando o preço abre abaixo e fecha acima da banda superior ou para venda quando o preço abre acima e fecha abaixo da banda inferior. Não há um stop fixo e nem alvo fixo a saída se dá quando o preço toca a média da banda. Você pode usar uma média móvel como filtro combinado com a estratégia. O Script também pode ser usado com algum serviço de bot como 3commas.io , basta colocar as mensagens de entrada e saída para o bot. Autor : Credsonb - Nick: M4TR1X_BR Neste gráfico estou usando as seguintes configurações: Bandas Bollinger: 7 Desvio Padrão: 1.5 Time Frame: 12hs Ticker: ETH This script was created for Backtest study. script uses Bollinger Bands to indicate the start of a trend, entry is set when price opens below and closes above the upper band or for short when price opens above and closes below the lower band. There is no fixed stop and no fixed target, the exit occurs when the price touches the average of the band. You can use a moving average as a filter combined with the strategy. The Script can also be used with some bot service like 3commas. io , just put the input and output messages to the bot. Author : Credsonb - Nick: M4TR1X_BR
Pine Script™ strategy
by Credsonb
supertrend advanceHELLO FRIENDS ...............THIS IS SUPERTREND ADVANCE WITH HENKIASHI CANDLE ...I got so many request on supertrend with henkiashi. This is for all of them ..I am making it open for all so you can change its coding according to your need SOME IMPONTENT UPDATE IN THIS SUPERTRNED 1) You Can Use It for option trading ...you can do algo option trading using this strategy 2) YOU CAN USE CUSTOME SYNTAX TO ALGO TRADE IN STOCK,FOREX,COMMODITY AND CRYPTO 3) YO CAN USE IT IN INTRADAY TIME PERIOD ALSO U CAN SET ITS ENTRY AND EXIT TIME 4) YOU CAN USE HENKIASHI SUPERTREND ON NORMAL CANDLE STICK CHART 5) YOU CAN USE ITS QUNTITY FEATURE .BY THIS WAY U CAN DOUBLE YOUR QUNTITY SIZE ON LOSSING TRADE AND WHEN PROIFT TRADE OCCUR ITS QUNTITY AGAIN AUTOMATICALLY SHIFTED TO NORMAL QUNTITY ....THIS FEATURE ONLY HELP TRADER WITH MORE MARGIN....USE THIS FEATURE PROPERLY.THIS FEATURE BEST WORK ON ONE SIDE MEANS ONLY BUY SIDE TRADE OR SELL SIDE TRADE 6)YOU CAN SET YOUR TARGET AND STOPLOSS IN POINTS AND IN PERCENTAGE 7) YOU CAN CHOSE ONE SIDE TO TRADE ONLY BUY SIDE OR SELL SIDE HOPE THIS FEARTURES HELPS EVERY ONE ALL THE BEST FOR SUCESSFULL TRADING
Pine Script™ strategy
by Aakashparikh787
16
Bollinger Pair TradeNYSE:MA-1.6*NYSE:V Revision: 1 Author: @ozdemirtrading Revision 2 Considerations : - Simplify and clean up plotting Disclaimer: This strategy is currently working on the 5M chart. Change the length input to accommodate your needs. For the backtesting of more than 3 months, you may need to upgrade your membership. Description: The general idea of the strategy is very straightforward: it takes positions according to the lower and upper Bollinger bands. But I am mainly using this strategy for pair trading stocks. Do not forget that you will get better results if you trade with cointegrated pairs. Bollinger band: Moving average & standard deviation are calculated based on 20 bars on the 1H chart (approx 240 bars on a 5m chart). X-day moving averages (20 days as default) are also used in the background in some of the exit strategy choices. You can define position entry levels as the multipliers of standard deviation (for exp: mult2 as 2 * standard deviation). There are 4 choices for the exit strategy: SMA: Exit when touches simple moving average (SMA) SKP: Skip SMA and do not stop if moving towards 20D SMA, and exit if it touches the other side of the band SKPXDSMA: Skip SMA if moving towards 20D SMA, and exit if it touches 20D SMA NoExit: Exit if it touches the upper & lower band only. Options: - Strategy hard stop: if trade loss reaches a point defined as a percent of the initial capital. Stop taking new positions. (not recommended for pair trade) - Loss per trade: close position if the loss is at a defined level but keeps watching for new positions. - Enable expected profit for trade (expected profit is calculated as the distance to SMA) (recommended for pair trade) - Enable VIX threshold for the following options: (recommended for volatile periods) - Stop trading if VIX for the previous day closes above the threshold - Reverse active trade direction if VIX for the previous day is above the threshold - Take reverse positions (assuming the Bollinger band is going to expand) for all trades Backtesting: Close positions after a defined interval: mark this if you want the close the final trade for backtesting purposes. Unmark it to get live signals. Use custom interval: Backtest specific time periods. Other Options: - Use EMA: use an exponential moving average for the calculations instead of simple moving average - Not against XDSMA: do not take a position against 20D SMA (if X is selected as 20) (recommended for pairs with a clear trend) - Not in XDSMA 1 DEV: do not take a position in 20D SMA 1*standart deviation band (recommended if you need to decrease # of trades and increase profit for trade) - Not in XDSMA 2 DEV: do not take a position in 20D SMA 2*standart deviation band Session management: - Not in session: Session start and end times can be defined here. If you do not want to trade in certain time intervals, mark that session.(helps to reduce slippage and get more realistic backtest results)
Pine Script™ strategy
by ozdemirtrading