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BTMM OFJ FOR BEST RESULTS PLEASE SWITCH TO LINE CHART OR DISABLE THE CHART CANDLES. BELOW IS A LINE WITH OPACITY TURNED DOWN TO 15% ASIA, LONDON, AND NEW YORK SESSIONS CAN BE CUSTOMIZED (1ST 3 HRS DEFAULT) VOLUME CANDLES CAN BE APPLIED WITH SUPPLY AND DEMAND OR MARKET MAKER METHOD. IN A STRONG TREND YOU WANT TO SEE REPEATED HIGH VOLUME CLUSTERS IN THE DIRECTION OFTHE TREND AND FADING LOW VOLUME ON THE RETRACE BASICK KEY LEVELS WEEKLY INITIAL BALANCE (MONDAY+TUESDAY HIGHEST HIGH AND LOWEST LOW) YESTERDAY AND LASY WKHI/LO QUICK APPLICATON
Pine Script™ indicator
by MatrixEdge
2
Crypto BTC Correlation Scalper Gaps StrategyThis strategy is based on the gaps theory. In this case we have the BTC futures from CME, which acts in a way similar to stocks, and we can have gaps present between close/open session, and also sometimes between same candle due to huge movements intra candle. At the same time I have combined this with a daily moving average, to help out a bit with the trend, since we are looking at small timeframe like 1-15/30min . On top of that we have a reverse option, where long = short and viceversa, which can be used with against BTC pairs . Rule are simple: For long, we have a long gap and the close of the correlated candle is above daily sma For short, we have a short gap and the close of the correlated candle is below daily sma For exit: For exit, we take the highest highest values for short entry TP, meaning we get the different from the HH and rest the current open candle distance, and use that distance as a TP. At the same time for long entry, we take the lowest low value and rest current close of the candle to that value, and we get the TP. Can also be applied this logic for SL aswell but from the test I have found out that exiting based on a reverse condition(when tp is not being hit), gives better results/dd overall. If you have any questions, please let me know !
Pine Script™ strategy
by exlux
5
Morning Scalp StrategyThe Morning Scalp Strategy combines the 50EMA with the Stochastic Momentum Index. The morning period is when penny stocks usually have the highest volatility, so the strategy works between 10:00 AM and 12:10 PM. ***It opens only long positions. The ideal timeframe for this scalping strategy is 5 minutes on low-price stocks. The stock should spike in the morning with momentum and Volume. ***Look for a daily or intraday support area, close to the open position, to increase the confidence in the play The components are: - EMA50: Exponential Moving Average (EMA50) - Stochastic Momentum Index (SMI) Rules: - Period: 10:00 AM and 12:10 PM - if SMI Crossover and SMI < 0, open a position - If close < EMA50, close the position - Profit target: To be decided by the user, default value = 10% above the entry price If you have any questions, let me know!
Pine Script™ strategy
by Trading_Bites
5
[FrizLabz]FVG Bar For those of you that like to keep your charts nice and tidy for your Technical Analysis! FVG = Fair Value Gap Fair Value Gaps are when impulse movements create an imbalance in price leaving unfilled orders.. they are popular because after one is created we often observe price return to fill these unfilled orders 3 candles make a FVG When the high/low of most recent candle is lower/high than the low/high of the bar before last Similar to my other FVG indicator but this one allows you to delete Filled FVGs and have them adjust when filled Uses a line whose x1 and x2 are on the FVG bar and adjust the size of the FVG with line width because line width on line.new()s doesnt have a cap on line width like plot()s do Not much too it I made this because a few people were asking if they could delete the FVG after it was Mitigated and since my other uses plots it wasnt possible so I hope this works for those who were asking about it hope you enjoy please let me know if you have an idea or find a bug, Thank You! -
Pine Script™ indicator
by FFriZz
5
EMA and MACD with Trailing Stop Loss (by Coinrule)An exponential moving average ( EMA ) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average ( SMA ), which applies an equal weight to all observations in the period. Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. Moving average convergence divergence ( MACD ) indicators can be interpreted in several ways, but the more common methods are crossovers, divergences, and rapid rises/falls. The Strategy enters and closes the trade when the following conditions are met: LONG The MACD histogram turns bearish EMA7 is greater than EMA14 EXIT Price increases 3% trailing Price decreases 1% trailing This strategy is back-tested from 1 January 2022 to simulate how the strategy would work in a bear market and provides good returns. Pairs that produce very strong results include XRPUSDT on the 1-minute timeframe. This short timeframe means that this strategy opens and closes trades regularly In order to further improve the strategy, the EMA can be changed from 7 and 14 to, say, EMA20 and EMA50. Furthermore, the trailing stop loss can also be changed to ideally suit the user to match their needs. The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. 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
Support and resistance zonesDiscretionary traders often use support and resistance zones that are based on past price action of the instrument traded. This simple script is used to plot support and resistance zones for a given instrument. The data for the zones themselves has to be determined by the past price action of the instrument and are not based on the provided data by Tradingview. The zones input has to come as a string. Each zone consists of a string with: ",,<"S"|"R"|"L">,<"Normal"|"Strong">"" The different zone strings have to be seperated by either new line or space. An example for the zones input looks like: 3919.25,3919.25,L,Normal 3897.50,3906.50,R,Normal 3891.00,3894.50,S,Strong I appreciate any feedback.
Pine Script™ indicator
by mgruner
4