Hourly Range SeparatorHourly Range Separator is a useful tool to display a hourly vertical line separator in less than 1H timeframes like as 1M, 5M, 15M and etc.
You can change Lines color, style and width from Indicator settings.
Notice : We used vline() function for building this Indicator.
Good trading to all ...
Cycles
Buy Monday, Exit Tuesday with Stop Loss and Take ProfitStrategy to go long at end of Monday before market closes and exit before Tuesday close, or at stop loss or take profit percentages
This runs strategy on entering by weekday name and also by session time.
Implemented are also Take Profit and Stop Loss to exit position using custom inputs.
Added stoploss and take profit plot lines
Compound Indicator Strategy - BTC/USDT 3hThis is an Strategy finds and utilise end points of short term market trends and this is a combination of many indicators such as
1. Volume change oscillator
2. Money flow index ( MFI )
3. Momentum Oscillator (MOM)
4. Stochastic Indicator
6. Relative Strength Indicator ( RSI )
7. Relative volatility index (RVI)
8. Balance of power (BOP)
9. Small moving average ( SMA )
10. Exponential moving average ( EMA )
11. Parabolic SAR
12. Super trend indicator
this script forms a compound indicator after analysing movements of those indicators through different time frames and measure its co-relation and variance with the price action. buy doing that, indicator in a position to identify short term market reversals and presented.
after generating a common indicator, it evaluates standard deviation and standard variance with currant market price action and generates a buy and sell signals. you can determine your own trading method based on available options.
INVEST BTC RSI (from @tradinglord)RSI VERSION - no alerts
The script highlight point of interest for investors using EMA , RSI and a bit of criticism.
The script is built to be used on a weekly timeframe
When RSI is bellow 35 it can be interesting to invest in BTC , on the opposite when it is above 80 can be where to take a bit of profits.
Also using EMA to flow with the power of the trend or change your bias depending on conditions.
Feel free to use the included alerts to be informed when RSI is telling you something.
The idea is quite simple, and you will not gain x100 your investment, but with these kind of investments and some patience you could make your way out.
Obviously not financial advice, understand what you are doing.
"Sometimes it's better to be rational monkey than a greedy baboon" - Tradinglord 2022
INVEST BTC (from @tradinglord)The script highlight point of interest for investors using EMA, RSI and a bit of criticism.
The script is built to be used on a weekly timeframe
When RSI is bellow 35 it can be interesting to invest in BTC, on the opposite when it is above 80 can be where to take a bit of profits.
Also using EMA to flow with the power of the trend or change your bias depending on conditions.
Feel free to use the included alerts to be informed when RSI is telling you something.
The idea is quite simple, and you will not gain x100 your investment, but with these kind of investments and some patience you could make your way out.
Obviously not financial advice, understand what you are doing.
"Sometimes it's better to be rational monkey than a greedy baboon" - Tradinglord 2022
AltSessionHello World
It’s no secret that trading sessions play a massive role in market movement and liquidity. We can clearly see in the image about how important identifying international trading hours are for a trader.
The Asian session starts around 1am GMT and often has a bearish bias through this session lasting for a few hours, after which Frankfurt and London traders start to come online and can often reverse the Asian sentiment.
The London session is the best session to trade traditionally starting around 7am GMT before the American traders come online and reverse market once again.
We have designed this indicator to help identify different trading hours easily with a background shade on the chart and also high/lows of the training session, as these levels can often be revisited.
We hope you find this indicator useful and please feel free to drop a comment if you have any updates you wish to be made or any future indicator script ideas, thank you.
Modified Mannarino Market Risk Indicator & Bubbles
Modified Mannarino Market Risk Indicator
MMRI = DXY * 10Y Yield
MMMRI = MMRI * (Debt/GDP)
Color Indicators
Green ~ Low Risk
Yellow - Mod Risk
Red - High Risk
Purple - Extreme Risk
Bubbles Formula (MMMRI_DK)
DXY*(10Y + FED Rate)* (Shiller P/E Ratio) * (Warren Buffet Indicator)*(Debt/GDP) /1.61
Similar to the Shiller P/E Ratio - you need to look back to see where the bubbles were. The difference between the Dot Com bubble and subsequent ones is that we now have QE which is why I included the FED Rate + 10Y.
Color Indicators
Green ~ Low Risk
Yellow - Mod Risk
Red - High Risk
Purple - Extreme Risk
Future Bubbles Formula (MMMRI_DK_Fut)
DXY*(10Y + Future FED Rate)* (Shiller P/E Ratio) * (Warren Buffet Indicator)*(Debt/GDP) /1.61
Assumes that the 10Y is fixed but what is important is that you will get an idea on when the system may pop.
Lankou Shad helperdisplay values of the current price x2 and x4 and /2, /4
it permit to compare the security values to its past and see if x2 is nearly probable are totally out of reach, he same for /2 of price.
It can be used for Sell Half At Double strategy: SHAD.
NY Session in REDNY is Red from UK time 1200 to 1800.
The rest is white, helps distinguish me NY with non NY since I like trading NY session
Bar CountBar Count Indicator for TradingView. It will label bars with numbers underneath which is awesome when sharing analysis or waiting for bars 7 (50% chance), 12 (70% chance), and 18 (90% chance) looking for higher probability for the High or Low of the day to have formed.
BTC Risk Metric - Estimates the risk of BTC price versus the USD
- To be used on the daily timeframe
- Works best on a BTC pair that has a lot of bars, e.g. The Bitcoin All Time History Index
- 0 is the lowest risk, 1 is the highest risk
- Historically, buying when the risk was low and selling when the risk was high would have yielded good ROI
- The risk bands are 0.1 in width and are highlighted on the plot
Typical Strategy:
- weighted DCA into the market when risk <0.5, do nothing between 0.5-0.6 and weighted DCA out of the market when risk >0.6
- x = buy amount per DCA interval
- y = 1/10th total BTC held by the user
- if 0 ≤ Risk < 0.1 then buy 5x
- if 0.1 ≤ Risk < 0.2 then buy 4x
- if 0.2 ≤ Risk < 0.3 then buy 3x
- if 0.3 ≤ Risk < 0.4 then buy 2x
- if 0.4 ≤ Risk < 0.5 then buy x
- if 0.5 ≤ Risk < 0.6 then do nothing
- if 0.6 ≤ Risk < 0.7 then sell y
- if 0.7 ≤ Risk < 0.8 then sell 2y
- if 0.8 ≤ Risk < 0.9 then sell 3y
- if 0.9 ≤ Risk ≤ 1.0 then sell 4y
Ehlers Cycle Period [CC]The Cycle Period was created by John Ehlers and this is yet another version that shows how to calculate the current cycle period which is the approximate amount of days between a current peak or valley and the next peak or valley. I would not recommend this for trading since it is more for informational use only but I would try experimenting with this output to be used with another indicator as an input length. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color.
Let me know if there are any other scripts you would like to see me publish!
FFTLibraryLibrary "FFTLibrary" contains a function for performing Fast Fourier Transform (FFT) along with a few helper functions. In general, FFT is defined for complex inputs and outputs. The real and imaginary parts of formally complex data are treated as separate arrays (denoted as x and y). For real-valued data, the array of imaginary parts should be filled with zeros.
FFT function
fft(x, y, dir) : Computes the one-dimensional discrete Fourier transform using an in-place complex-to-complex FFT algorithm . Note: The transform also produces a mirror copy of the frequency components, which correspond to the signal's negative frequencies.
Parameters:
x : float array, real part of the data, array size must be a power of 2
y : float array, imaginary part of the data, array size must be the same as x ; for real-valued input, y must be an array of zeros
dir : string, options = , defines the direction of the transform: forward" (time-to-frequency) or inverse (frequency-to-time)
Returns: x, y : tuple (float array, float array), real and imaginary parts of the transformed data (original x and y are changed on output)
Helper functions
fftPower(x, y) : Helper function that computes the power of each frequency component (in other words, Fourier amplitudes squared).
Parameters:
x : float array, real part of the Fourier amplitudes
y : float array, imaginary part of the Fourier amplitudes
Returns: power : float array of the same length as x and y , Fourier amplitudes squared
fftFreq(N) : Helper function that returns the FFT sample frequencies defined in cycles per timeframe unit. For example, if the timeframe is 5m, the frequencies are in cycles/(5 minutes).
Parameters:
N : int, window length (number of points in the transformed dataset)
Returns: freq : float array of N, contains the sample frequencies (with zero at the start).
Ehlers Cycle Amplitude [CC]The Cycle Amplitude was created by John Ehlers (Trend Modes and Cycle Modes) and this indicator wasn't meant to give buy and sell signals by itself but I'm publishing this open source script in case someone comes up with a cool way to use this indicator for buy and sell signals. This indicator essentially tells you the distance between the peaks from the Cycle BandPass Filter and I will be including the last script tomorrow most likely. I'm reusing the same exact buy and sell signals from the cycle bandpass filter so if you have any questions then feel free to refer to the link I posted.
Let me know if there are any other scripts you would like to see me publish!
Ehlers Cycle BandPass Filter [CC]The Cycle BandPass Filter was created by John Ehlers (Cycle Modes and Trend Modes) and this is an alternate to the default BandPass Filter by changing some settings. This will be another series I will be introducing showing some indicators created by Ehlers and that didn't get much attention. This identifies the underlying cycle in the price data and these indicators aren't very common so I want to introduce more of these to tv. Buying and selling with these indicators can be a bit tricky but overall what Ehlers recommends is to buy at the lowest point and sell at the highest point to capture the underlying cycle. I have included strong buy and sell signals as darker colors and normal signals as lighter colors. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
