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VWAP Bands [TradingFinder] 26 Brokers Data (Forex + Crypto)🔵 Introduction Indicators are tools that help analysts predict the price trend of a stock through mathematical calculations on price or trading volume. It is evident that trading volume significantly impacts the price trend of a stock symbol. The Volume-Weighted Average Price (VWAP) indicator combines the influence of trading volume and price, providing technical analysts with a practical tool. This technical indicator determines the volume-weighted average price of a symbol over a specified time period. Consequently, this indicator can be used to identify trends and entry or exit points. 🟣 Calculating the VWAP Indicator Adding the VWAP indicator to a chart will automatically perform all calculations for you. However, if you wish to understand how this indicator is calculated, the following explains the steps involved. Consider a 5-minute chart. In the first candle of this chart (which represents price information in the first 5 minutes), sum the high, low, and close prices, and divide by 3. Multiply the resulting number by the volume for the period and call it a variable (e.g., X). Then, divide the resulting output by the total volume for that period to calculate your VWAP. To maintain the VWAP sequence throughout the trading day, it is necessary to add the X values obtained from each period to the previous period and divide by the total volume up to that time. It is worth noting that the calculation method is the same for intervals shorter than a day. The mathematical formula for this VWAP indicator : VWAP = ∑ (Pi×Vi) / ∑ Vi 🔵 How to Use Traders might consider the VWAP indicator as a tool for predicting trends. For example, they might buy a stock when the price is above the VWAP level and sell it when the price is below the VWAP. In other words, when the price is above the VWAP, the price is rising, and when it is below the VWAP, the price is falling. Major traders and investment funds also use the VWAP ratio to help enter or exit stocks with the least possible market impact. It is important to note that one should not rely solely on the VWAP indicator when analyzing symbols. This is because if prices rise quickly, the VWAP indicator may not adequately describe the conditions. This indicator is generally used for daily or shorter time frames because using longer intervals can distort the average. Since this indicator uses past data in its calculations, it can be considered a lagging indicator. As a result, the more data there is, the greater the delay. 🟣 Difference Between VWAP and Simple Moving Average On a chart, the VWAP and the simple moving average may look similar, but these two indicators have different calculations. The VWAP calculates the total price considering volume, while the simple moving average does not consider volume. In simpler terms, the VWAP indicator measures each day's price change relative to the trading volume that occurred that day. In contrast, the simple moving average implicitly assumes that all trading days have the same volume. 🟣 Reasons Why Traders Like the VWAP Indicator The VWAP Considers Volume: Since VWAP takes volume into account, it can be more reliable than a simple arithmetic average of prices. Theoretically, one person can buy 200,000 shares of a symbol in one transaction at a single price. However, during the same time frame, 100 other people might place 200 different orders at various prices that do not total 100,000 shares. In this case, if you only consider the average price, you might be mistaken because trading volume is ignored. The Indicator Can Help Day Traders: While reviewing your trades, you might notice that the shares you bought at market price are trading below the VWAP indicator. In this case, there's no need to worry because with the help of VWAP, you always get a price below the average. By knowing the volume-weighted average price of a stock, you can easily make an informed decision about paying more or less than other traders for the stock. VWAP Can Signal Market Trend Changes: Buying low and selling high can be an excellent strategy for individuals. However, you are looking to buy when prices start to rise and sell your shares when prices start to fall. Since the VWAP indicator simulates a balanced price in the market, when the price crosses above the VWAP line, one can assume that traders are willing to pay more to acquire shares, and as a result, the market will grow. Conversely, when the price crosses below the line, this can be considered a sign of a downward movement. 🔵 Setting Period : Indicator calculation time frame. Source : The Price used for calculations. Market Ultra Data : If you turn on this feature, 26 large brokers will be included in the calculation of the trading volume. The advantage of this capability is to have more reliable volume data. You should be careful to specify the market you are in, FOREX brokers and Crypto brokers are different. Multiplier : Coefficient of band lines.
Pine Script™ indicator
by TFlab
Moving Average Crossover Swing StrategyMoving Average Crossover Swing Strategy **Overview:** The basic concept of this strategy is to generate a signal when a faster/shorter length moving average crosses over (for Longs) or crosses under (for Shorts) a medium/longer length moving average. All of which are customizable. This strategy can work on any timeframe, however the daily is the timeframe used for the default settings and screenshots, as it was designed to be a multi-day swing strategy. Once a signal has been confirmed with a candle close, based on user options, the strategy will enter the trade on the open of the next candle. The crossover strategy is nothing new to trading, but what can make this strategy unique and helpful, is the addition of further confirmation points, ATR based stop loss and take profit targets, optional early exit criteria, customizable to your needs and style, and just about everything visual can be toggled on/off. This strategy is based on a Trend (MA) indicator and a Momentum (MACD) indicator. While a Volume-based indicator is not shown here, one could consider using their favorite from that category to further compliment the signal idea. It should be noted that depending on the time frame, direction(s) chosen, the signal options, confirmation options, and exit options selected, that a ticker may not produce more than 100 trades on the back test. Depending on your style and frequency, one could consider adjusting options and/or testing multiple tickers. It should also be noted that this strategy simply tests the underlying stock prices, not options contracts. And of course, testing this strategy against historical data does not assume that the same results will occur in future price action. Shoutout given to Ripster's Clouds Indicator as pieces of that code were taken and modified to create both the Cloud visualization effects, and the Moving Average Pair Plots that are implemented in this strategy. BASIC DEFAULTS All can be changed as normal Initial capital = 10,000 Order Sizing = 25% of equity (use the "Inputs" tab to modify this) Pyramiding = 0 Commission = 0.65 USD per order Price Verification = 1 tick Slippage = 1 tick RISK MANAGMENT You will notice two different percentage options and ATR multipliers. This strategy will adjust position sizing by not exceeding either one of those % values based on the ATR (Average True Range) of the symbol and the multipliers selected, should the stock hit the stop loss price. For Example, lets assume these values are true: Account size = $10,000, Max Risk = 1% of account size Max Position Size = 25% of the account size Stock Price = 23.45 ATR = 3.5 ATR Stop Loss Multiplier = 1.4 Then the formulas would be: ACCT_SIZE * MaxRisk_% = 10000 * .01 = $100 (MaxCashRisk) ----- MaxCashRisk / (ATR * ATR_SL_MULTIPLIER) = 100 / (3.5 * 1.4) = 20.4 Shares based on Max Cash Risk ----- (ACCT_SIZE * MaxEquity_%) / STOCK_PRICE = (10000 * .25) / 23.45 = 106.61 Shares based on Max Equity Allocation The minimum value of each of those options is then used, which in this case would be to purchase 20 shares so as not to exceed the max dollar risk should the stock reach the stop loss target. Likewise, if the ATR were to be much lower, say 0.48 cents, and all else the same, then the strategy would purchase the 106 shares based on Max Equity Allocation because the Max Cash Risk would require 149.25 shares. MOVING AVERAGE OPTIONS Select between and change the length & type of up to 5 pairs (10 total) of moving averages The "Show Cloud-x" option will display a fill color between the "a" and "b" pairs All moving averages lines can be toggled on/off in the "Style" tab, as well as adjusting their colors. Visualization features do not affect calculations, meaning you could have all or nothing on the chart and the strategy will still produce results SIGNAL CHOICES Choose the fast/shorter length MA and the medium/longer length MA to determine the entry signal CONFIRMATION OPTIONS Both of these have customizable values and can be toggled on/off A candle close over a slower/much longer length moving average An additional cross-over (cross-under for Shorts) on the MACD indicator using default MACD values. While the MACD indicator is not necessary to have on the chart, it can help to add that for visualization. The calculations will perform whether the indicator is on the chart or not. EARLY EXIT CRITERIA Both can be toggled on/off with customizable values MA Cross Exit will exit the trade early if the select moving averages cross-under (for longs) or cross-over (for shorts), indicating a potential reversal. Max Bars in Trades will act as a last-resort exit by simply calculating the amount of full bars the trade has been open, and exiting on the opening of the next bar. For example: the default value is 8 bars, so after 8 full bars in the trade, if no other exit has been triggered (Stop Loss, Take Profit, or MA Cross(if enabled)), then the trade will exit at the opening of the 9th bar. Finally, there is a table displaying the amount of trades taken for each side, and the amount & percent of both early exits. This table can be turned off in the "Style" tab ADDITIONAL PLOTS MACD (Moving Average Convergence/Divergence): - The MACD is an optional confirmation indicator for this strategy. - Plotting the indicator is not necessary for the strategy to work, but it can be helpful to visually see the status and position of the MACD if this feature is enabled in the strategy - This helps to identify if there is also momentum behind the entry signal
Pine Script™ strategy
by D_Rockefeller
2
Price Cross Time Custom Range Interactive█  OVERVIEW This indicator was a time-based indicator and intended as educational purpose only based on pine script v5 functions for ta.cross() , ta.crossover() and ta.crossunder() . I realised that there is some overlap price with the cross functions, hence I integrate them into Custom Range Interactive with value variance and overlap displayed into table. This was my submission for Pinefest #1 , I decided to share this as public, I may accidentally delete this as long as i keep as private. █ INSPIRATION Inspired by design, code and usage of CAGR. Basic usage of custom range / interactive, pretty much explained here . Credits to TradingView. █ FEATURES 1. Custom Range Interactive 2. Label can be resize and change color. 3. Label show tooltip for price and time. 4. Label can be offset to improve readability. 5. Table can show price variance when any cross is true. 6. Table can show overlap if found crosss is overlap either with crossover and crossunder. 7. Table text color automatically change based on chart background (light / dark mode). 8. Source 2 is drawn as straight line, while Source 1 will draw as label either above line for crossover, below line for crossunder and marked 'X' if crossing with Source 2's line. 9. Cross 'X' label can be offset to improve readability. 10. Both Source 1 and Source 2 can select Open, Close, High and Low, which can be displayed into table. █ LIMITATIONS 1. Table is limited to intraday timeframe only as time format is not accurate for daily timeframe and above. Example daily timeframe will give result less 1 day from actual date. 2. I did not include other sources such external source or any built in sources such as hl2, hlc3, ohlc4 and hlcc4. █ CODE EXPLAINATION I pretty much create custom function with method which returns tuple value. method crossVariant(float price = na, chart.point ref = na) => cross = ta.cross( price, ref.price) over = ta.crossover( price, ref.price) under = ta.crossunder(price, ref.price) Unfortunately, I unable make the labels into array which i plan to return string value by getting the text value from array label, hence i use label.all and add incremental int value as reference. series label labelCross = na, labelCross.delete() var int num = 0 if over num += 1 labelCross := label.new() if under num += 1 labelCross := label.new() if cross num += 1 labelCross := label.new() I realised cross value can be overlap with crossover and crossunder, hence I add bool to enable force overlap and add additional bools. series label labelCross = na, labelCross.delete() var int num = 0 if forceOverlap if over num += 1 labelCross := label.new() if under num += 1 labelCross := label.new() if cross num += 1 labelCross := label.new() else if cross and over num += 1 labelCross := label.new() if cross and under num += 1 labelCross := label.new() if cross and not over and not under num += 1 labelCross := label.new() █ USAGE / EXAMPLES
Pine Script™ indicator
by RozaniGhani-RG
Trend Line XrossTrend Line Xross (TLX) Uses User Input Points to draw trendlines and displays the exact intersection point of those trendlines. This is the public indicator of the practical application for this intersection method included in my entry for Pinefest #1. To determine the exact intersection point I am using the y-intercept method as seen below. The code is notated for more information on the technical workings. One difference to note between this version and the pinefest version is that I had to change the line drawings to use bar_index values so that I can use line.get_price() to grab the current value of the line to make alerts from. Additionally, there are alerts built-in to this version for every type of cross on all of the visible lines. Enjoy!
Pine Script™ indicator
by SamRecio
1
Crossing TableCrossing Table V1 I created this indicator as it had been asked for a number of times to create a crossover/under table screen and here it is!!! The indicator is set up to be selected from SMA, EMA and Volume. The SMA is defaulted to 2/10 but it is customizable to whatever SMA you choose to use. Volume is based off a volume formula and the volume settings in the indicators settings, and the table will show either buyers/sellers on the last candle on the volume in the settings. Just like the SMA the EMA option will be based off the default value of 5/13 but can be customized to your choosing. If there are any question or comments just let me know :)
Pine Script™ indicator
by jbritton001
11
Stoch/RSI with EMA50 Cross & HHLLA hybrid but simple indicator that plots 4 strategies in one pane . 1) RSI Indicator 2) Stoch RSI 3) EMA50 Cross (To determine direction in current timeframe) 4) Higher Highs & Lower Lows to analyze the trend and break of trend The relative strength index (RSI) is a momentum indicator used in technical analysis. It is displayed as an oscillator (a line graph) on a scale of zero to 100. When the RSI indicator crosses 30 on the RSI chart, it is a bullish sign and when it crosses 70, it is a bearish sign. The Stochastic RSI (StochRSI) is also a momentum indicator used in technical analysis. It is displayed as an oscillator (a line graph) on a scale of zero to 100. When the StochRSI indicator crosses 20 on the RSI chart, it is a bullish sign and when it crosses 80, it is a bearish sign. The EMA50Cross denotes two cases in the script: a) A crossover of CMP on the EMA50 is highlighted by a green bar signals a possible bullish trend b) A crossunder of CMP on the EMA50 is highlighted by a red bar signals a possible bearish trend The HHLL is denoted by mneumonics HH, HL,LH, LL. A combination of HHs and HLs denotes a uptrend while the combination of LLs and LHs denoted a downtrend The current script should be used in confluence of other trading strategies and not in isolation. Scenario 1: If a EMA50Cross over bar (GREEN) is highlighted with the StochRSI below 20 and the given script is plotting HHs and HLs, we are most likely in a bullish trend for the given timeframe and a long can be initiated in confluence with other trading strategies used by the user. The RSI signal may now be utilized to determine a good range of entry/exit. Scenario 2: If a EMA50Cross under bar (RED) is highlighted with the StochRSI above 80 and the given script is plotting LLs and LHs, we are most likely in a bearish trend for the given timeframe and a short can be initiated in confluence with other trading strategies used by the user. The RSI signal may now be utilized to determine a good range of entry/exit. Disclaimer: The current script should be used in confluence with other trading strategies and not in isolation. The scripts works best on 4H and 1D Timeframes and should be used with caution on lower timeframes. This indicator is not intended to give exact entry or exit points for a trade but to provide a general idea of the trend & determine a good range for entering or exiting the trade. Please DYOR Credit & References: This script uses the default technical analysis reference library provided by PineScript (denoted as ta)
Pine Script™ indicator
by Degen_Crypto
3
[_ParkF]Mini Chart(BB)Bollinger Bands of different lengths are displayed with a line chart in front of the candle. A Bollinger band with a length of 20 and a Bollinger band with a length of 120 can be easily identified by the circle and color displayed whenever the line passes. In the input menu, you can edit the length and deviation of the Bollinger band, the number of candles to be displayed in front, the thickness of the line, the color, and the color of the circle. And the expected value of each Bollinger band was measured and displayed. You can change the thickness and color of the displayed predictive circle in Predictive of the input menu. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 서로 다른 기간값을 가진 볼린저밴드를 캔들보다 앞쪽에 선 차트와 함께 표시하였습니다. 20의 기간값을 가진 볼린저밴드와 120의 기간값을 가진 볼린저밴드를 선차트가 크로스할 때 마다 표시되는 점과 색을 통해 쉽게 식별할 수 있습니다. input 메뉴에서 볼린저밴드의 기간값과 편차, 앞 쪽에 표시될 캔들의 수와 선의 두께, 색상, 점의 색상을 수정할 수 있습니다. 그리고 각 볼린저밴드의 예상 값을 측정하여 표시하였습니다. input 메뉴의 Predictive에서 표시된 Predictive circle의 두께와 색상을 변경할 수 있습니다.
Pine Script™ indicator
by ParkF
3
Two EMA Cross+ IndicatorHello traders! Today we gonna demonstrate out heuristic of classical EMA Indicator. We decided to simplify your trading staff and add some meta data. So, let’s look at it from the very beginning and initially speak about what EMA is and then I’ll tell you why our indicator is extremely convenient and useful. So, what is EMA? 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 ( SMA ), which applies an equal weight to all observations in the period. Key takeaways: -The EMA is a moving average that places a greater weight and significance on the most recent data points. -Like all moving averages, this technical indicator is used to produce buy and sell signals based on crossovers and divergences from the historical average. As you know, EMA Cross is one of basic and most popular Entry Indicators. It’s kinda easy to understand and even easier to use. This indicator consists of two EMAs - fast (red line) and slow (blue line). Fast EMA is EMA of less length that the fast EMA (default parameter is 9). Thus, it reacts the price change more actively than the slow. We can say that it takes into consideration the most actual price movements. Speaking about slow EMA (default parameter is 30) it’s more inert and it’s more difficult to change its action vastly. We can say that the EMA «looks» at the historical data more accurate, but doesn’t forget about actual price movements. But how it works? Trivial. When the fast EMA crosses the slow bellow, it provides bearish signal, whereas when it crosses it above, it’s bullish signal. Even more, we added some «confirmation» factor. As you know, when the price is above the slow EMA, the slow EMA plays the role of support line for price and means that the price is in uptrend. Thus, when we see the cross above and it takes place under the price, we called it «strong Bullish Signal». When the price is bellow the slow EMA, slow EMA is resistance. Thus, when we see the cross bellow and it’s under the slow EMA, we called it «strong Bearish Signal». To make your trading process easier, we plotted the places of crosses on the chart and added the descriptions of the crosses. The flags mean the place of cross. The default parameters have nice backtest on 1H chart. However, you can also change them depending on your goals and the time period. The places of cross looks like flags (red flag is «bearish» cross, green - «bullish»). As you can see, it’s really convenient. I hope you’ll enjoy our heuristic of classical EMA Cross. We are sure that the meta data that we are taking into consideration makes the signals more accurate and the deals more profitable. The SkyRock Team with support of Trading View try to make your trading process more successful and profitable. Every day we works in conjunction to boost both your skills and trading balance. We hope, it’s really useful for you, dear traders!
Pine Script™ indicator
by Skyrexio
6
Multi-X by HamidBoxHello to All, introducing Multi Types Crossover strategy, simply the best way of trading with Crossover and Crossunder Strategy, How it Works??? I added 5 types of Moving Averages, 1: Simple Moving Average ( SMA ) 2: Exponential Moving Average ( EMA ) 3: Weighted Moving Average ( WMA ) 4: Volume Weighted Moving Average ( VWMA ) 5: Relative Moving Average (RMA) With this indicator, you can do scalping, You can trade not only with similar types of Moving Average indicators but also with different types of Moving Average indicators. what is mean? like: Normal Condition is: ( Simple Moving Average ) Crossover to ( Simple Moving Average ), SMA x SMA ( Exponential Moving Average ) Crossover to ( Exponential Moving Average ), EMA x EMA But we can Crossover with: ( Exponential Moving Average ) Crossover to ( Simple Moving Average ), EMA x SMA ( Simple Moving Average ) Crossover to ( Weighted Moving Average ), SMA x WMA ( Weighted Moving Average ) Crossover to ( Weighted Moving Average ), WMA x WMA ( Simple Moving Average ) Crossover to (Relative Moving Average), WMA x RMA and also I added Moving Average ZONE in this tool, What does it work??? The zone will tell us what type of direction the market has, if the market is above the zone, it's mean we have a Bullish Trend, and if the market is below the zone, it means the market has a Bearish Trend, so if you want to play on the safe side, never trade when the market is in Bearish Trend, and if you want to play on aggressive mood, you can skip Moving Average Zone section.
Pine Script™ strategy
by HamidBox
43
EMA StrategyThis is a simple EMA cross strategy. This script was published by CaptJava. I added in the ability to check off a box and allow shorting, the ability to select a back testing date range and also the ability to enter the buy message and sell message in the properties.  You then create the webhook alert and put only this in the message: {{strategy.order.alert_message}} That will pull in your alert message dynamically. I may add more features to this over time.
Pine Script™ strategy
by REV0LUTI0N
2
Ichimoku all signalsIchimoku Cloud All Signals! This indicator shows all Ichimoku Cloud signals for (entering/exiting/confirming/or even staying) in a position. you can choose a signal related to your strategy and use it. you can choose which signals to be shown on the chart by changing the settings. here are some examples of signals that you can get from this indicator: Crossover/under conversion line & base line Crossover/under lead line1 & lead line2 Crossover/under conversion line & lead line1 Crossover/under base line & lead line1 Crossover/under conversion line & lead line2 Crossover/under base line & lead line2 Crossover/under close & base line Cloud Breakouts in both directions! and 74 signals more !!!!
Pine Script™ indicator
by salarkamjoo
29
MultiAlert LITEAllows one to set 5 price level alerts on one symbol (1 Stop Loss 4 Targets) Alerts work by prices crosses under the stop loss or over the targets, enabling short reverses this. Unlike regular MultiAlert, this actually draws a true horizontal price at your price. This is a lighter version of MultiAlert, supporting only one symbol. Your price levels will appear on all charts unless you hide the indicator. Make the alert with targets and stop loss set, every time you make a change you MUST REMAKE THE ALERT. Please comment any problems .
Pine Script™ indicator
by Siadore_
6
MACD Moving Average Convergence/Divergence - DurbtradeDurbtrade MACD - macd line changes color based on vertical direction. This makes it easier to see and discern movements and also helps the indicator to retain maximum functionality when taking up less chart real estate (also, having the color change really helps me see charts on small screens... such as when it's bright outside and I'm driving in my car and glancing at a chart on my phone... it helps having the info pop visually). A fill option is included to fill the space between the macd and signal lines, though I personally prefer to disable this function. Also, you get a zero line if you want it, and it doesn't extend past the current time, removing unnecessary info and keeping your chart looking a bit cleaner. Finally, there are color-coded, cross-over and cross-under background fills, signaling when the macd line crosses the signal line. This is my 2nd published script, and 2nd script ever. If you like this style, see my 1st published script: Durbtrade Bollinger Bands Width. Hope you find this useful. Feel free to comment.
Pine Script™ indicator
by Durbtrade
17
Previous Period Levels - X Alerts====== ABOUT THIS INDICATOR - A simple but highly customisable display of previous higher time-frame OHLC values, drawn using line.new and label.new. Nothing fancy but... - Customised resolution input which excludes time frames lower than 1 hour while extending the common higher reference inputs to include: • 6, and 12 Hour • 5 Day • 3, and 6 Month • 1 Year - Alert conditions using an adjustable SMA to help reduce false positive spam. - Full visual customisation options for (almost) every aspect, so it can be tuned to suit most individual preferences. - In line with the miriad visual customisation options is the ability to change the display format of the Labels, to show more or less information, or disable them altogether. ====== REASON FOR STUDY - To practice advanced user input option handling to allow for a full visual customisation experience without stepping outside of, or interfering with, the intended function of the indicator. - Provide reasonably clear code commenting and structure in order to be useful as a potential learning aid for others, and future reference for myself. ====== DISCLAIMER Any trade decisions you make are entirely your own responsibility. I've made an effort to squash all the bugs, but you never know!
Editors' picks
Pine Script™ indicator
by JayRogers
59
Bollinger Band Crossover SignalI'm a little surprised I couldn't find a BB crossover script on here since I've always used it on other charting software. So of course I had to write one in for TradingView. Essentially what this script signifies are price breakouts when price crosses over the upper BB band. So what it shows is that market conditions are entering overbought territory. Length is set to 20 and Standard Deviation is set to 2. These are the default settings. The way I use the script is to identify breakouts in price, as well as a signal to start scaling out of a position if I am already in one.
Pine Script™ indicator
by UnknownUnicorn1946597
1
Bitlinc MARSI Study AST w/ Take Profit & Stop loss - beta 0.1This script is beta 0.1 - will update as soon as the script is tradable This script is based on AST on a 10 minute timeframe. You can change the asset and the timeframe for any asset you want to trade, but for it to work correct ALL settings have to be testes in the Strategy section of the TradingView. Each assets and timeframe require a different mixture of settings. This is NOT a one settings fits all trading for all assets on any timeframe. Below are the settings and explanation on how it works. How it fires a buy / sell: The script will plot an RSI with upper and lower bands in a separate indicator window. The idea behind this script is to fire a LONG when MA crosses OVER lower band and fire a SHORT when the MA crosses under the lower band. Each order that fires is an OCO (Order Cancels Order) for pyramiding. Settings: You have full control of these settings as mentioned above, you must configure every part of this script for each asset and timeframe you trade. - Length of MA - Length - Upper bands of RSI - Lower bands of RSI - Take profit percentage - Stop loss percentage - Month to start and end the strategy (within 2020) - Day to start and end the strategy (within 2020) - Quantity type - Slippage - Pyramiding ***Remember that after the signal to enter or exit a trade is fired, the alert will trigger AFTER the close of the candle that caused the tigger to fire
Pine Script™ strategy
by Charts_and_Such_1
2
Cross impro test by Canundo Crossover Crossunder Tick valuesThis is a script where I tried to check the following things: Even thought the tick of an asset is, for example 0.5, there are calculated prices, like SMA's that have even more decimals. Leading to crosses happening that for example happen at the same price. Consequently triggering totally useless in side markets. What happens if SMA values are restricted to the tick resolution? (Option works on it's own or with a combination of the others.) What happens if I set my own tick value, like 0.8 instead of 0.5, what will be the effect for calculated values that are used for crossings? Will tick sizes improve the success rate? (This option will work only when the first option is active.) Can success rate, especially for sideway markets be improved when adding a spread between MA's, so that it triggers less in sideway markets? (Option works on it's own or with a combination of the others.) First of all, I had a hard time to round prices properly when it needs to be dynamic and working for different assets with different amounts of decimal values in the tick. The solution is that abs(floor(syminfo.mintick)) will give you the amount of decimals a tick has. It works for all ticks that are at least lower than 10. I'm not sure how huge ticks are out there. I did not implement this solution at the end since I found another way to test it. Findings: The first option, when activated, takes out half the trades and raises the percent profitability by 8% so there is some effect. However, all of the tested options have less advantage than I hoped for but are nevertheless something worthy for sideway markets. The first option just forces the MA's from the example to use the tick resolution. See these two images. One when the first option is off, the second when it's active. The lines are the MA's with adjusted values, the crosses are the places of the MA's when left as is. Here a screenshot of the third option set to the value 2 on the 1 minute XBTUSD chart. The advantage is that less trades trigger that have a low change in price and so less trading fees will happen. The disadvantage is that all options can implement some delay for a crossing since the crossing will trigger once a slightly bigger move into the direction was taken. This test environment was not meant to be profitable but to test the effects. Maybe someone finds it interesting or wanted to test the same, so here you can save some work.
Pine Script™ strategy
by Canundo
1
Every single moving average (ALMA, EMA, HMA, KAMA, RMA, SMA...)So you may be looking at the graph and thinking "this is a mess", and I agree. The purpose of this script is to plot in the same graph every single type of moving average that I could think of, so you can find the ones that are better for your timeframe and for your asset. Once you add it, disable those types that doesn't seem to serve your purpose, until you can select one you like. The average types are: ALMA, EMA, HMA, KAMA, RMA, SMA, SWMA, VIDYA, VWAP, VWMA, and WMA. Each one is ploted two times (except SWMA and VWAP), one with a short period, and another with a long, both of which you can configure.
Pine Script™ indicator
by EduardoMattje
3