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Indicators and strategies

DCA Strategy with HedgingThis strategy implements a dynamic hedging system with Dollar-Cost Averaging (DCA) based on the 34 EMA. It can hold simultaneous long and short positions, making it suitable for ranging and trending markets. Key Features: Uses 34 EMA as baseline indicator Implements hedging with simultaneous long/short positions Dynamic DCA for position management Automatic take-profit adjustments Entry confirmation using 3-candle rule How it Works Long Entries: Opens when price closes above 34 EMA for 3 candles Adds positions every 0.1% price drop Takes profit at 0.05% above average entry Short Entries: Opens when price closes below 34 EMA for 3 candles Adds positions every 0.1% price rise Takes profit at 0.05% below average entry Settings EMA Length: Controls the EMA period (default: 34) DCA Interval: Price movement needed for additional entries (default: 0.1%) Take Profit: Profit target from average entry (default: 0.05%) Initial Position: Starting position size (default: 1.0) Indicators L: Long Entry DL: Long DCA S: Short Entry DS: Short DCA LTP: Long Take Profit STP: Short Take Profit Alerts Compatible with all standard TradingView alerts: Position Opens (Long/Short) DCA Entries Take Profit Hits Note: This strategy works best on lower timeframes with high liquidity pairs. Adjust parameters based on asset volatility.
Pine Script™ strategy
by whattheAsad
VWAP RSI Crossover StrategyStrategy Concept: Buy Signal: When the price crosses above the VWAP and the RSI crosses above a certain threshold (e.g., 30). Sell Signal: When the price crosses below the VWAP and the RSI crosses below a certain threshold (e.g., 70). VWAP Calculation: We calculate the VWAP using the ta.vwap(close) function. RSI Calculation: The rsi variable is the RSI of the closing price with a length of rsiLength (default 14). Buy Condition: The condition for a buy signal is when the price crosses above the VWAP and the RSI is above the rsiOversold level (default 30). Sell Condition: The condition for a sell signal is when the price crosses below the VWAP and the RSI is below the rsiOverbought level (default 70). Alerts: Alerts are created for buy and sell signals based on the conditions defined above. You can enable these alerts in TradingView for real-time notifications. Strategy Execution: The strategy enters a long position when the buy condition is met and closes the position when the sell condition is met.
Pine Script™ strategy
by M4ndoo
Adaptive Momentum Gaussian Average (AMGA)The Modified Smoothed Gaussian Moving Average (MSGMA) is an advanced technical indicator that combines multiple smoothing techniques and momentum oscillators to provide dynamic, adaptive signals. This indicator utilizes a modified ALMA (Arnaud Legoux Moving Average) for smoothing price changes, along with a Gaussian Moving Average (GMA) and Chande Momentum Oscillator (CMO) to assess market momentum. Additionally, the Relative Strength Index (RSI) is used to confirm buy and sell signals. Key Features: ALMA Smoothing: The ALMA smoothing technique is used to filter out noise and provide a smoother price action. Gaussian Moving Average (GMA): This adaptive moving average adjusts to market volatility, offering a dynamic line for trend analysis. Chande Momentum Oscillator (CMO): Measures market momentum and direction to filter and confirm signals. RSI Filter: The RSI helps to confirm trends and improve the reliability of buy and sell signals. Buy and Sell Signals: Buy and sell signals are generated when the price crosses the Gaussian Moving Average, with confirmation from the RSI and CMO. Bar Coloring: Bars are colored green for bullish signals and red for bearish signals, making it easier to spot trend reversals. Parameters: Source: Price data used for calculations (usually close). Smoothing: Smoothing factor for the ALMA. Lookback: Lookback period for price change calculations. Length: Period for calculating the Gaussian Moving Average. Volatility Period: Period used for calculating volatility, adjusting the Gaussian Moving Average. Adaptive Parameters: Enables adaptive parameters for the Gaussian Moving Average. RSI Period: Period for calculating the RSI (default is 14). Chande Momentum Length: Length for calculating the Chande Momentum Oscillator. How to Use: This indicator is designed for traders looking for precise entry and exit signals. It combines multiple indicators to confirm trends and improve the accuracy of trade signals. It is best used with other tools to further validate trading decisions.
Pine Script™ indicator
by not_name_
Candlestick Strength and Volatility OscillatorA conversion of my previous indicator, now in oscillator format rather than a plain text readout. The oscillator contains two lines, one that shows the candlestick volatility compared to the ATR and one that shows the "strength" ratio (how close to the highs or lows the candlestick closed). The line threshold is set by default to 80%, but you can change it as you please along with the ATR calculation settings and the appearance of the indicator itself. This is primarily designed for price action traders to help gauge sentiment and buying/selling pressure before taking entry. I hope this helps you in your trading! Feel free to post any questions, ideas, or thoughts below!
Pine Script™ indicator
by Zachx_618
Triple SupertrendTriple Supertrend Indicator This indicator combines three Supertrend indicators in one, allowing traders to analyze multiple trend levels simultaneously. Each Supertrend can be individually customized and toggled on/off, providing a versatile tool for trend analysis and trading decisions. Features: • Three independent Supertrends with customizable parameters • Individual toggle switches for each Supertrend • Color-coded trends (Green for Uptrend, Red for Downtrend) • Different transparency levels for easy distinction • Customizable ATR periods and multipliers • Built-in alert conditions for trend changes Default Settings: Supertrend 1: ATR(10) × 3.0 Supertrend 2: ATR(11) × 2.0 Supertrend 3: ATR(12) × 1.0 Usage: • Multiple trend confirmation: When all Supertrends align, it indicates a strong trend • Dynamic support/resistance levels: Each Supertrend line can act as a potential support/resistance level • Trade filtering: Use multiple timeframes of trend confirmation to filter trades • Risk management: Use different Supertrends as trailing stop levels Tips: • Adjust ATR periods and multipliers to match your trading timeframe • Use the toggle switches to reduce chart clutter when needed • Set up alerts for trend changes to catch potential trading opportunities • Consider using longer periods for higher timeframes Note: This indicator works best when combined with other technical analysis tools and proper risk management strategies. Credits: Based on the original Supertrend indicator concept. Modified and enhanced by
Pine Script™ indicator
by Alikemal_010
MACD & EMA Dual Confirmation Alert System (15m)An alert-focused indicator combining MACD and EMA crossovers to generate high-probability trade signals. Triggers when both MACD and EMA crossovers occur within 6 candles of each other. Features: MACD (12, 26, 9) and EMA (9, 20) crossover detection 6-candle buffer window for signal confirmation Clean chart overlay with BUY/SELL labels only Customizable alerts for both entry and exit signals 15-minute timeframe optimization Perfect for traders seeking confirmation from multiple indicators without chart clutter. Ideal for swing and intraday trading strategies.
Pine Script™ indicator
by LSEUDO
TOOL FOR SCANNING MA RETESTS AFTER GC-DCHello, This code was created for scanning purposes in the Pine Screener Application regarding the retest situation of the price after GoldenCross and DeathCross. It is a simply revised version of our friend emrah_gulay's script named ''eg_ema5_ema10_sma50_sama100_sma200''. We also extend our thanks to him. May it be beneficial for you... To see the perfect contacts with the lower or upper wick in the scan I continued with 2 EMAs set to low and high. *Don't forget to create the intersection condition with the target SMA respectively for both EMA plots in Pine Screener.
Pine Script™ indicator
by IQ-TRADER
Supertrend with SL and TP LevelsThe supertrend indicator isn't just for pinpointing entry and exit points. It can also be used to set up stop losses. For example, if you are in a long position, you can place a stop-loss order at or below the supertrend line. Similarly, if you are in a short position, you might set a stop-loss order at or above the line. Moreover, the difference between the supertrend line and the asset price can help determine the size of the trading position. The indicator can be applied to more than just individual stocks, currencies, or commodities. It can also identify price trends across entire sectors and asset classes. In other words, traders and investors can use the indicator for asset allocation. The supertrend indicator is known for its simplicity and works best when prices are going in a clear direction, upward or downward. Like other technical analysis tools, it's more effective when used with indicators.
Pine Script™ indicator
by dukey01
Support Resistance Major/Minor [TradingFinder] Market Structure🔵 Introduction Support and resistance levels are key concepts in technical analysis, serving as critical points where prices pause or reverse due to the interaction of supply and demand. These foundational elements in price action and classical technical analysis assist traders in understanding market behavior and making better trading decisions. Support levels are zones where demand is strong enough to prevent further price declines, while resistance levels act as barriers that hinder price increases. Support and resistance levels are divided into two main types: static and dynamic. Static levels are fixed horizontal lines on charts, formed based on historical price points, and are crucial due to repeated price reactions in these areas. Dynamic levels, on the other hand, move with market trends and are often identified using tools like moving averages and trendlines. These levels are particularly useful for analyzing dynamic trends and identifying potential reversal points in financial markets. The importance of support and resistance in technical analysis lies in their ability to pinpoint price reversal or continuation points. Professional traders use these levels to determine optimal entry and exit points and combine them with tools such as Fibonacci retracements or moving averages for precise strategies. Detailed analysis of price behavior at these levels provides insights into trend strength and the likelihood of price breaks or reversals. By understanding these concepts, technical analysts can forecast future price movements and optimize their trading decisions using tools such as indicators and price action. Support and resistance levels, as a cornerstone of technical analysis, form the foundation for many trading strategies. 🔵 How to Use The Static Support and Resistance Indicator is a vital tool for identifying significant price zones in financial markets. It automatically detects major and minor support and resistance levels in both short-term and long-term intervals, enabling traders to analyze price behavior accurately and develop optimal entry and exit strategies. 🟣 Major Long-Term Support and Resistance Major Long-Term Support : The lowest price points recorded over long-term intervals that prevent further declines. Major Long-Term Resistance : The highest price points in long-term intervals that limit further price increases. 🟣 Minor Long-Term Support and Resistance Minor Long-Term Support : Temporary halts in price decline within a downtrend over long-term intervals. Minor Long-Term Resistance : Short-term zones within long-term intervals where prices react negatively in an uptrend. 🟣 Major Short-Term Support and Resistance Major Short-Term Support : The lowest price points in short-term intervals that act as barriers against sharp price drops. Major Short-Term Resistance : The highest points in short-term intervals that prevent further price surges. 🟣 Minor Short-Term Support and Resistance Minor Short-Term Support : Temporary halts in price decline within short-term downtrends. Minor Short-Term Resistance : Zones where price reacts quickly and reverses in short-term uptrends. 🔵 Settings Long Term S&R Pivot Period : Defines the interval for identifying long-term support and resistance levels (default: 21). Short Term S&R Pivot Period : Defines the interval for identifying short-term support and resistance levels (default: 5). 🟣 Long-Term Lines Major Line Display : Enable/disable major long-term lines. Minor Line Display : Enable/disable minor long-term lines. Major Line Colors : Green for support, red for resistance (long-term major levels). Minor Line Colors : Light green for support, light red for resistance (long-term minor levels). Major Line Style : Choose between solid, dotted, or dashed lines for major long-term levels. Minor Line Style : Choose between solid, dotted, or dashed lines for minor long-term levels. Major Line Width : Adjust the thickness of major long-term lines. Minor Line Width : Adjust the thickness of minor long-term lines. 🟣 Short-Term Lines Major Line Display : Enable/disable major short-term lines. Minor Line Display : Enable/disable minor short-term lines. Major Line Colors : Gray-green for support, gray-red for resistance (short-term major levels). Minor Line Colors : Dark green for support, dark red for resistance (short-term minor levels). Major Line Style : Choose between solid, dotted, or dashed lines for major short-term levels. Minor Line Style : Choose between solid, dotted, or dashed lines for minor short-term levels. Major Line Width : Adjust the thickness of major short-term lines. Minor Line Width : Adjust the thickness of minor short-term lines. 🔵 Conclusion Static support and resistance levels are among the most critical tools in technical analysis, helping traders identify key reversal or continuation points. This indicator simplifies and enhances the analysis process by automatically detecting major and minor levels in both short-term and long-term intervals. It allows traders to customize settings to suit their trading strategies and analyze different market levels effectively. Using this indicator improves price action analysis, enhances market understanding, and identifies trading opportunities. Applicable to all trading styles, from day trading to long-term investing, it is an essential tool for technical analysis. Combining this indicator with other tools like trendlines, Fibonacci retracements, and moving averages enables comprehensive analysis and allows traders to navigate financial markets with greater confidence.
Pine Script™ indicator
by TFlab
3
Visual Range Position Size CalculatorVisual Range Position Size Calculator The "VR Position Size Calculator" helps traders determine the appropriate position size based on their risk tolerance and the current market conditions. Below is a detailed description of the script, its functionality, and how to use it effectively. --- Key Features 1. Risk Calculation: The script allows users to input their desired risk in monetary terms (in the currency of the ticker). It then calculates the position sizes for both long and short trades based on this risk. 2. Dynamic High and Low Tracking: The script dynamically tracks the highest and lowest prices within the visible range of the chart, allowing for more accurate position sizing. 3. Formatted Output: The calculated values are displayed in a user-friendly table format with thousands separators for better readability. 4. Visual Indicators: Dashed lines are drawn on the chart at the high and low points of the visible range, providing a clear visual reference for traders. 5. If the risk in security price is 1% or less, the background of the cells displaying position sizes will be green for long positions and red for short positions. If the risk is between 1% and 5%, the background changes to gray, indicating that the risk may be too high for an effective trade. If the risk exceeds 5% of the price, the text also turns gray, rendering it invisible, which signifies that there is no justification for such a trade. --- Code Explanation The script identifies the start and end times of the visible range on the chart, ensuring calculations are based only on the data currently in view. It updates and stores the highest (hh) and lowest (ll) prices within this visible range. At the end of the range, dashed lines are drawn at the high and low prices, providing a visual cue for traders. Users can input their risk amount, which is then used to calculate potential position sizes for both long and short trades based on the current price relative to the tracked high and low. The calculated risk values and position sizes are displayed in a table on the right side of the chart, with color coding to indicate whether the calculated position size meets specific criteria. --- Usage Instructions 1. Add the Indicator: To use this script, copy and paste it into Pine Script editor, then add it to your chart. 2. Input Your Risk: Adjust the 'Risk in money' input to reflect your desired risk amount for trading. 3. Analyze Position Sizes: Observe the calculated position sizes for both long and short trades displayed in the table. Use this information to guide your trading decisions. 4. Visual Cues: Utilize the dashed lines on the chart to understand recent price extremes within your visible range.
Pine Script™ indicator
by yuginli
Volatility Cycle IndicatorThe Volatility Cycle Indicator is a non-directional trading tool designed to measure market volatility and cycles based on the relationship between standard deviation and Average True Range (ATR). In the Chart GBPAUD 1H time frame you can clearly see when volatility is low, market is ranging and when volatility is high market is expanding. This innovative approach normalizes the standard deviation of closing prices by ATR, providing a dynamic perspective on volatility. By analyzing the interaction between Bollinger Bands and Keltner Channels, it also detects "squeeze" conditions, highlighting periods of reduced volatility, often preceding explosive price movements. The indicator further features visual aids, including colored zones, plotted volatility cycles, and highlighted horizontal levels to interpret market conditions effectively. Alerts for key events, such as volatility crossing significant thresholds or entering a squeeze, make it an ideal tool for proactive trading. Key Features: Volatility Measurement: Tracks the Volatility Cycle, normalized using standard deviation and ATR. Helps identify periods of high and low volatility in the market. Volatility Zones: Colored zones represent varying levels of market volatility: Blue Zone: Low volatility (0.5–0.75). Orange Zone: Transition phase (0.75–1.0). Green Zone: Moderate volatility (1.0–1.5). Fuchsia Zone: High volatility (1.5–2.0). Red Zone: Extreme volatility (>2.0). Squeeze Detection: Identifies when Bollinger Bands contract within Keltner Channels, signaling a volatility squeeze. Alerts are triggered for potential breakout opportunities. Visual Enhancements: Dynamic coloring of the Volatility Cycle for clarity on its momentum and direction. Plots multiple horizontal levels for actionable insights into market conditions. Alerts: Sends alerts when the Volatility Cycle crosses significant levels (e.g., 0.75) or when a squeeze condition is detected. Non-Directional Nature: The indicator does not predict the market's direction but rather highlights periods of potential movement, making it suitable for both trend-following and mean-reversion strategies. How to Trade with This Indicator: Volatility Squeeze Breakout: When the indicator identifies a squeeze (volatility compression), prepare for a breakout in either direction. Use additional directional indicators or chart patterns to determine the likely breakout direction. Crossing Volatility Levels: Pay attention to when the Volatility Cycle crosses the 0.75 level: Crossing above 0.75 indicates increasing volatility—ideal for trend-following strategies. Crossing below 0.75 signals decreasing volatility—consider mean-reversion strategies. Volatility Zones: Enter positions as volatility transitions through key zones: Low volatility (Blue Zone): Watch for breakout setups. Extreme volatility (Red Zone): Be cautious of overextended moves or reversals. Alerts for Proactive Trading: Configure alerts for squeeze conditions and level crossings to stay updated without constant monitoring. Best Practices: Pair the Volatility Cycle Indicator with directional indicators such as moving averages, trendlines, or momentum oscillators to improve trade accuracy. Use on multiple timeframes to align entries with broader market trends. Combine with risk management techniques, such as ATR-based stop losses, to handle volatility spikes effectively.
Pine Script™ indicator
by TheRealHawk
Trafic light SPX Explanation of the Indicator for Bull Put Spread This indicator, Trafi light SPX”, is designed to assist traders in identifying optimal conditions for executing bull put spread strategies on the SPX index. It combines multiple technical indicators and market data to generate clear signals based on market trends, volatility, and momentum. Key Components 1. SMA50: Ensures the price is above the 50-period simple moving average to confirm an upward trend. 2. Support Level: Verifies that the price remains above a critical support level. 3. RSI: Measures momentum, with thresholds set for bullish conditions. 4. VIX: Assesses market volatility. Lower VIX levels favor stable environments for a bull put spread. 5. ADX: Confirms a strong trend when above the specified threshold. 6. ATR: Ensures sufficient market volatility to justify the trade. How It Works • Green Signal (Bullish): Indicates favorable conditions for a bull put spread. Appears when: • Price > SMA50 and support level. • RSI and ADX show strong momentum and trend. • VIX is below a set threshold. • ATR suggests adequate market activity. • Red Signal (Bearish): Warns of unfavorable conditions, signaling potential risks. Visual Features • Background Colors: • Green for bullish signals. • Red for bearish warnings. • Arrows: • Green arrows (below candles) highlight entry points. • Red arrows (above candles) signal caution. This indicator simplifies decision-making by combining technical and volatility factors, ensuring safer entries for bull put spread strategies.
Pine Script™ indicator
by batti73
Simple 5SMA Crossover Signals with SMA Trend SignalsThis script provides two types of signals based on the relationship between the closing price and the 5-period Simple Moving Average (SMA): 1. Crossover Signals: Buy Signal ("BUY"): A green "BUY" label appears below the bar when the current closing price crosses above the 5SMA, and the previous closing price was below or equal to the 5SMA. Sell Signal ("SELL"): A red "SELL" label appears above the bar when the current closing price crosses below the 5SMA, and the previous closing price was above or equal to the 5SMA. 2. SMA Trend Signals: SMA Increasing Signal ("SMA+"): A blue circle is displayed above the bar when the 5SMA starts increasing (current SMA is greater than the previous SMA, and the previous SMA was not increasing). SMA Decreasing Signal ("SMA-"): An orange circle is displayed below the bar when the 5SMA starts decreasing (current SMA is less than the previous SMA, and the previous SMA was not decreasing). These signals allow traders to understand both price action relative to the SMA and changes in the SMA's trend direction. The SMA line is plotted on the chart for reference. 説明 (日本語) このスクリプトは、終値と5期間の単純移動平均（SMA）の関係に基づいた2種類のシグナルを提供します： 1. クロスオーバーシグナル: 買いシグナル ("BUY"): 現在の終値が5SMAを上抜け、かつ前の終値が5SMA以下だった場合、緑色の「BUY」ラベルがローソク足の下に表示されます。 売りシグナル ("SELL"): 現在の終値が5SMAを下抜け、かつ前の終値が5SMA以上だった場合、赤色の「SELL」ラベルがローソク足の上に表示されます。 2. SMAトレンドシグナル: SMA増加シグナル ("SMA+"): 5SMAが増加し始めた場合（現在のSMAが前のSMAより大きく、前回のSMAが増加していなかった場合）、青い丸がローソク足の上に表示されます。 SMA減少シグナル ("SMA-"): 5SMAが減少し始めた場合（現在のSMAが前のSMAより小さく、前回のSMAが減少していなかった場合）、オレンジ色の丸がローソク足の下に表示されます。 これらのシグナルにより、価格がSMAに対してどのように動いているか、またSMAのトレンド方向の変化を理解することができます。チャートにはSMAラインも描画され、参考として使用できます。
Pine Script™ indicator
by rapto
Simple 5SMA Crossover Signals with SMA Trend SignalsThis script provides two types of signals based on the relationship between the closing price and the 5-period Simple Moving Average (SMA): 1. Crossover Signals: Buy Signal ("BUY"): A green "BUY" label appears below the bar when the current closing price crosses above the 5SMA, and the previous closing price was below or equal to the 5SMA. Sell Signal ("SELL"): A red "SELL" label appears above the bar when the current closing price crosses below the 5SMA, and the previous closing price was above or equal to the 5SMA. 2. SMA Trend Signals: SMA Increasing Signal ("SMA+"): A blue circle is displayed above the bar when the 5SMA starts increasing (current SMA is greater than the previous SMA, and the previous SMA was not increasing). SMA Decreasing Signal ("SMA-"): An orange circle is displayed below the bar when the 5SMA starts decreasing (current SMA is less than the previous SMA, and the previous SMA was not decreasing). These signals allow traders to understand both price action relative to the SMA and changes in the SMA's trend direction. The SMA line is plotted on the chart for reference. 説明 (日本語) このスクリプトは、終値と5期間の単純移動平均（SMA）の関係に基づいた2種類のシグナルを提供します： 1. クロスオーバーシグナル: 買いシグナル ("BUY"): 現在の終値が5SMAを上抜け、かつ前の終値が5SMA以下だった場合、緑色の「BUY」ラベルがローソク足の下に表示されます。 売りシグナル ("SELL"): 現在の終値が5SMAを下抜け、かつ前の終値が5SMA以上だった場合、赤色の「SELL」ラベルがローソク足の上に表示されます。 2. SMAトレンドシグナル: SMA増加シグナル ("SMA+"): 5SMAが増加し始めた場合（現在のSMAが前のSMAより大きく、前回のSMAが増加していなかった場合）、青い丸がローソク足の上に表示されます。 SMA減少シグナル ("SMA-"): 5SMAが減少し始めた場合（現在のSMAが前のSMAより小さく、前回のSMAが減少していなかった場合）、オレンジ色の丸がローソク足の下に表示されます。 これらのシグナルにより、価格がSMAに対してどのように動いているか、またSMAのトレンド方向の変化を理解することができます。チャートにはSMAラインも描画され、参考として使用できます。
Pine Script™ indicator
by rapto
EMA Crossover Buy + Ichimoku Cloud Sell StrategyThis trading strategy combines two powerful technical indicators to identify potential buy and sell signals: the Exponential Moving Average (EMA) Crossover and the Ichimoku Cloud. Each indicator serves a different purpose in the strategy, helping to provide a more reliable and multi-faceted approach to decision-making. 1. EMA Crossover Buy Signal (Trend Confirmation) The EMA Crossover strategy is based on the intersection of two EMAs of different periods, typically the short-term EMA (e.g., 9-period) and the long-term EMA (e.g., 21-period). The core concept behind the EMA crossover strategy is that when the shorter EMA crosses above the longer EMA, it signals a potential bullish trend. Buy Signal: The short-term EMA (9-period) crosses above the long-term EMA (21-period). This indicates that the short-term price action is gaining strength and may continue to rise. The buy signal becomes more significant when both EMAs are positioned above the Ichimoku Cloud, confirming that the market is in a bullish phase. 2. Ichimoku Cloud Sell Signal (Trend Reversal or Correction) The Ichimoku Cloud is a comprehensive indicator that helps define support and resistance levels, trend direction, and momentum. In this strategy, the Ichimoku Cloud is used as a filter for sell signals. Sell Signal: The price enters or is below the Ichimoku Cloud (meaning the market is in a bearish phase). Price action should also be below the Cloud for confirmation. Alternatively, if the price has already been above the cloud and then crosses below the Cloud or if the leading span B dips below leading span A, it can signal a potential trend reversal and act as a sell signal. 3. Strategy Execution (Buy and Sell Orders) Buy Setup: The short-term EMA (9-period) crosses above the long-term EMA (21-period), signaling a bullish trend. Confirm that both EMAs are positioned above the Ichimoku Cloud. Enter the buy trade at the crossover point or on a pullback after the crossover, with stop-loss below the recent swing low or cloud support. Sell Setup: Wait for the price to break below the Ichimoku Cloud, or if the price is already below the Cloud and the price continues to trend downward. Optionally, wait for the short-term EMA to cross below the long-term EMA as a further confirmation of the bearish signal. Exit or sell when these conditions align, placing stop-loss above the recent swing high or cloud resistance. Advantages of This Strategy: Trend Confirmation: The EMA crossover filters out choppy market conditions and confirms the direction of the trend. Market Timing: The Ichimoku Cloud adds a secondary layer of trend verification and helps to identify reversal zones. Clear Entry and Exit Points: The strategy offers distinct buy and sell signals, reducing subjective decision-making and improving consistency. Trend Strength Analysis: The combination of the EMA Crossover and Ichimoku Cloud allows traders to confirm trend strength, ensuring the trader enters during a confirmed trend. Risk Management: Stop Loss: Place stop-loss orders slightly below recent lows for long positions or above recent highs for short positions, depending on market volatility. Take Profit: Use a risk-to-reward ratio of at least 1:2, with price targets based on previous support/resistance levels or a fixed percentage. Conclusion: This strategy is designed for traders looking to capture trends in both bullish and bearish markets. The EMA Crossover Buy signal identifies trend initiation, while the Ichimoku Cloud Sell signal helps determine when to exit or reverse the position, reducing the risk of holding during a market reversal.
Pine Script™ strategy
by M4ndoo