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Indicators and strategies

Short Term RSI and SMA Percentage ChangeThis strategy utilises common indicators like RSI and moving averages in order to enter and exit trades. The Relative Strength Index (RSI) is a momentum indicator that has a value between 0 and 100, where a value greater than 70 is considered overbought and a value less than 30 is oversold. If the RSI value is above or below these values, then it can signal a possible trend reversal. The second indicator used in this strategy is the Simple Moving Average (SMA). A SMA is an arithmetic moving average calculated by adding recent prices and then dividing that figure by the number of time periods in the calculation average. For example, one could add the closing price of a coin for a number of time periods and then divide this total by that same number of periods. Short-term averages respond quickly to changes in the price of the underlying coin, while long-term averages are slower to react. Long/Exit orders are placed when three basic signals are triggered. Long Position: RSI is greater than 50 MA9 is greater than MA100 MA9 increases by 6% Exit Position: Price increases 5% trailing Price decreases 5% trailing The script is backtested from 1 May 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. This script also works well on AVAX 45m/1h, MATIC 15m/45m/1h and ETH 4h.
Pine Script™ strategy
by Coinrule
1
Close v Open Moving Averages Strategy (Variable) [divonn1994]This is a simple moving average based strategy that works well with a few different coin pairings. It takes the moving average 'opening' price and plots it, then takes the moving average 'closing' price and plots it, and then decides to enter a 'long' position or exit it based on whether the two lines have crossed each other. The reasoning is that it 'enters' a position when the average closing price is increasing. This could indicate upwards momentum in prices in the future. It then exits the position when the average closing price is decreasing. This could indicate downwards momentum in prices in the future. This is only speculative, though, but sometimes it can be a very good indicator/strategy to predict future action. What I've found is that there are a lot of coins that respond very well when the appropriate combination of: 1) type of moving average is chosen (EMA, SMA, RMA, WMA or VWMA) & 2) number of previous bars averaged (typically 10 - 250 bars) are chosen. Depending on the coin.. each combination of MA and Number of Bars averaged can have completely different levels of success. Example of Usage: An example would be that the VWMA works well for BTCUSD (BitStamp), but it has different successfulness based on the time frame. For the 12 hour bar timeframe, with the 66 bar average with the VWMA I found the most success. The next best successful combo I've found is for the 1 Day bar timeframe with the 35 bar average with the VWMA.. They both have a moving average that records about a month, but each have a different successfulness. Below are a few pair combos I think are noticeable because of the net profit, but there are also have a lot of potential coins with different combos: It's interesting to see the strategy tester change as you change the settings. The below pairs are just some of the most interesting examples I've found, but there might be other combos I haven't even tried on different coin pairs.. Some strategy settings: BTCUSD (BitStamp) 12 Hr Timeframe : 66 bars, VWMA=> 10,387x net profit BTCUSD (BitStamp) 1 Day Timeframe : 35 bars, VWMA=> 7,805x net profit BNBUSD (Binance) 12 Hr Timeframe : 27 bars, VWMA => 15,484x net profit ETHUSD (BitStamp) 16 Hr Timeframe : 60 bars, SMA => 5,498x net profit XRPUSD (BitStamp) 16 Hr Timeframe : 33 bars, SMA => 10,178x net profit I only chose these coin/combos because of their insane net profit factors. There are far more coins with lower net profits but more reliable trade histories. Also, usually when I want to see which of these strategies might work for a coin pairing I will check between the different Moving Average types, for example the EMA or the SMA, then I also check between the moving average lengths (the number of bars calculated) to see which is most profitable over time. Features: -You can choose your preferred moving average: SMA, EMA, WMA, RMA & VWMA. -You can also adjust the previous number of calculated bars for each moving average. -I made the background color Green when you're currently in a long position and Red when not. I made it so you can see when you'd be actively in a trade or not. The Red and Green background colors can be toggled on/off in order to see other indicators more clearly overlayed in the chart, or if you prefer a cleaner look on your charts. -I also have a plot of the Open moving average and Close moving average together. The Opening moving average is Purple, the Closing moving average is White. White on top is a sign of a potential upswing and purple on top is a sign of a potential downswing. I've made this also able to be toggled on/off. Please, comment interesting pairs below that you've found for everyone :) thank you! I will post more pairs with my favorite settings as well. I'll also be considering the quality of the trades.. for example: net profit, total trades, percent profitable, profit factor, trade window and max drawdown. *if anyone can figure out how to change the date range, I woul really appreciate the help. It confuses me -_- *
Pine Script™ strategy
by divonn1994
1
Stochastic Rsi+Ema - Auto Buy Scalper Scirpt v.0.3Simple concept for a scalping script, written for 5 minute candles, optimized for BTC. 1st script I've created from scratch, somewhat from scratch. Also part of the goal of this one is to hold coin as often as possible, whenever it's sideways or not dropping significantly. Designed to buy on the stochastic bottoms (K>D and rising, and <17) Then and sell after 1 of 3 conditions; a. After the price goes back up at least 1 % and then 1-2 period ema reversal b. After the rsi reversal (is dropping) and K<D Flip c. Stop loss at -1.5%
Pine Script™ strategy
by TechYes069
4
MAConverging + QQE Threshold This trading script is a trading strategy that is made up of 2 public indicators so credit goes to LuxAlgo and Jose5770. I have the 2 indicators listed below. 1) Moving Average Converging (LuxAlgo) 2) QQE Threshold (Jose5770) This trading strategy is buying when the two indicators align, and then the take profit is the first red bar on the QQE Threshold histogram. It is not a set risk reward but instead a variable take profit strategy. I have the rules of the strategy listed below in order of how it works. Long Position : 1. Wait for Moving Average Converging to be green 2. Candlestick is green from the QQE Threshold indicator 3. QQE Threshold histogram is green as well, then it enters the trade once we have these criteria met. Take profit is the first red bar on the QQE Threshold histogram that appears and the trade will close. Short Position : 1. Wait for Moving Average Converging to be red 2. Candlestick is red from the QQE Threshold indicator 3. QQE Threshold histogram is red as well, then it enters the trade once we have these criteria met. Take profit is the first green bar on the QQE Threshold histogram that appears and the trade will close. I hope everyone enjoys!
Pine Script™ strategy
by Trade_Domination
2
PlanB Quant Investing 101 v2This script has been Inspired by PlanB Article Quant Investing 101. With this script, I implemented Plan B strategy outlined in that article, trying to reproduce his findings independently and allowing TradeView Users to do the same. PlabB is aware of this effort, and he's positive about it, via Twitter commenting, liking and sharing of this resource . Trading Idea: This script uses RSI index to determine the Buy And Sell signal. As per the original PlanB article: IF ( RSI was above 90% last six months AND drops below 65%) THEN sell, IF ( RSI was below 50% last six months AND jumps +2% from the low) THEN buy, ELSE hold My simple code is aimed at replicating his study in Pine so that every TV user can check his signal.
Pine Script™ strategy
by fillippone
3
Rob Booker - ADX Breakout updated to pinescript V5Rob Booker - ADX Breakout. The strategy remains unchanged but the code has been updated to pinescript V5. This enables compatibility with all new Tradingview features. Additonally, indicators have been made more easily visible, default cash settings as well as input descriptions have been added. Rob Booker - ADX Breakout: (Directly taken from the official Tradingview V1 version of the script) Definition Rob Booker’s Average Directional Index (ADX) Breakout is a trend strength indicator that affirms the belief that trading in the direction of a trend and continuing to follow its pull is more profitable for traders, while simultaneously reducing risk. History ADX was traditionally used and developed to determine a price’s trend strength. It is commonly known as a tool from the arsenal of Rob Booker, experienced entrepreneur and currency trader. Calculations Calculations for the ADX Breakout indicator are based on a moving average of price range expansion over a specific period of time. By default, the setting rests at 14 bars, this however is not mandatory, as other periods are routinely used for analysis as well. Takeaways The ADX line is used to measure and determine the strength of a trend, and so the direction of this line and its interpretation are crucial in a trader’s analysis. As the ADX line rises, a trend increases in strength and price moves in the trend’s direction. Similarly, if the ADX line is falling, a trend decreases in strength and price then enters a period of consolidation, or retracement. Traditionally, the ADX is plotted on the chart as a single line that consists of values that range from 0-100. The line is non-directional, meaning that it always measures trend strength regardless of the position of a price’s trend (up or down). Essentially, ADX quantifies trend strength by presenting in both uptrends and downtrends of the line. What to look for The values associated with the ADX line help traders determine the most profitable trades and where risk lies in the current trend. It is important to know how to quantify trend strength and distinguish between the varying values in order to understand the differences in trending vs. non-trending conditions. Let’s take a look at ADX values and what they mean for trend strength. ADX Value: 0-25: Signifies an absent of weak trend 25-50: Signifies a strong trend 50-75: Signifies a very strong trend 75-100: Signifies an extremely strong trend To delve into this a bit further, let’s assess the meaning of ADX if it is valued below 25. If the ADX line remains below 25 for more than 30 or so bars, price then enters range conditions, making price patterns more distinguishable and visible to traders. Price will move up and down between resistance and support in order to determine selling and buying interest and may then eventually break out into a trend or pattern. The way in which ADX peaks, ebs, and flows is also a signifier of its overall pattern and trend momentum. The line can clearly indicate to the trader when trend strength is strong versus when it is weak. When ADX peaks are pictured as higher, it points towards an increase in trend momentum. If ADX peaks are pictured as lower - you guessed it - it points towards a decrease in trend momentum. A trend of lower ADX peaks could be a warning for traders to watch prices and manage and assess risk before a trade gets out of hand. Similarly, whenever there is a sudden move that seems out of place or a change in trend character that goes against what you’ve seen before, this should be a clear sign to watch prices and assess risk. Summary The ADX Breakout indicator is a trend strength indicator that analyzes price movements relative to trend strength to signal a user when is best for a trade and when is best to manage risk and assess patterns. As long as a trader recognizes strong trends and assesses the risk of each trade properly, they should have no problem using this indicator and utilizing it to work in their favor. In addition, the ADX helps identify trending conditions, but while doing so, also aids traders in finding strong trends to trade. The indicator can even alert traders to specific changes in trend momentum, allowing them to be primed for risk management.
Pine Script™ strategy
by Powerscooter
12
LONG SAZB $This strategy combines the use of: -The MTF EMA to detect trends. -The MACD to create Long and Short Buy signals. -The ATR for setting Stop Losses and Take Profits. This works well with many different crypto and fiat pairs, but it must be optimized for the certain behavior of the currency pair. Its optimal use is strong trends, not so profitable when sideways. This strategy was developed with the 5-minute Bitcoin / TetherUS Perpetual futures for Binance (Crypto trading platform). This is the first version, updates will come. MTF EMA The MTF EMA (Multi-TimeFrame Exponential Moving Average ) is a great indicator to see the overall trend of an asset, you can see the status of a moving average for all timeframes on one chart. Normally when you check a moving average of the price it's on some specific timeframe. The MTF EMA allows you to see moving average status for all timeframes in a single place. You can simplify your visual representation and know if an asset or a pair is overall bullish or bearish , with this improving your entry and exit signal decisions. This strategy uses the 1 hour and 15 min EMA with different values. Experimenting with these is important to understand the currency pairs. Up trend: Price (source) > 1h MTF and 1h MTF < 15m MTF Down trend: Price (source) < 1h MTF and 1h MTF > 15m MTF MACD Using MACD (Moving Average Convergence Divergence) as a reference, the strategy identifies when the MACD line crosses over (a factor in a buy signal) and under (a factor in a Sell signal) the Signal line. This shows a shift in positive (cross over) and negative (cross under) of a security. This strategy uses values of 12 on the Fast MA, 26 on the Slow MA, and 9 in the Signal Line MA. The optional ribbon is for a more visual representation of the MACD . The MACD and Signal line have the option to have a crossover limit to cancel buy signals depending on the value they crossed at according to the 0 line of the MACD . This is to avoid fake signals. ATR TP/SL Using ATR to define the stop loss and take profit is that it should allow you to set them at a realistic distance from price. Simply put, a pair experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. All this is used to allow the Stop Loss “breathing space” so trades don't get unnecessarily stopped, and allow the Take Profit to be at a more realistic, flexible, and profitable price. This strategy uses different values for Longs and Shorts depending on the market behavior, optionally analyzes swing lows and highs according to the value of the candle lookback and sets the ATR depending on them, they must be tested to optimum. Also the ATR has a multiplicator to find the most efficient price levels. Trade Setup Shorts and Longs can be turned OFF and ON. There is an optional maximum % loss for trades, the trade is closed when the high-low average of a candle is over this %. Longs This strategy indicates a Long Buy signal when these conditions are met: - Uptrend signal from MTF EMA . - MACD Crossover of Signal ( MACD > Signal) while being under the MACD crossover limit. A Long exit signal is indicated when: - Price crosses over the ATR Take Profit limit. - Price crosses under the ATR Stop Loss limit. - Price crosses under optional max % long loss. Shorts This strategy indicates a Long Buy signal when these conditions are met: - Downtrend signal from MTF EMA . - Signal Crossover of MACD ( MACD < Signal) while being over the MACD crossover limit. A Short exit signal is indicated when: - Price crosses under the ATR Take Profit limit. - Price crosses over the ATR Stop Loss limit. - Price crosses over optional max % short loss. Disclaimer 1. I am not a licensed financial advisor or broker dealer. I do not tell you when or what to buy or sell. I developed this software which enables you to execute manual or automated trades multiple trades using TradingView. The software allows you to set the criteria you want for entering and exiting trades. 2. Do not trade with money you cannot afford to lose. 3. I do not guarantee consistent profits or that anyone can make money with no effort. I am not selling the holy grail. 4. Every system can have winning and losing streaks. 5. Money management plays a large role in the results of your trading. For example: lot size, account size, broker leverage, and broker margin call rules all have an effect on results. Also, your Take Profit and Stop Loss settings for individual pair trades and for overall account equity have a major impact on results. If you are new to trading and do not understand these items, then I recommend you seek education materials to further your knowledge. **YOU NEED TO FIND AND USE THE TRADING SYSTEM THAT WORKS BEST FOR YOU AND YOUR TRADING TOLERANCE.** **I HAVE PROVIDED NOTHING MORE THAN A TOOL WITH OPTIONS FOR YOU TO TRADE WITH THIS PROGRAM ON TRADINGVIEW.** I am 100 % open to suggestions to improve the script. If you encounter any problems or would like to see the script, share them with me at "steven17zmuda@gmail.com". Items in this description text may not be written directly by me, but may be taken from education sites.
Pine Script™ strategy
by stevenz17
Ichimoku Cloud with RSI (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. This strategy combines the Ichimoku Cloud with the RSI indicator to better enter trades. Long/Short orders are placed when three 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 RSI is greater less than 50 Short Position: Tenkan-Sen is below the Kijun-Sen Chikou-Span is below the close of 26 bars ago Close is below the Kumo Cloud RSI is greater than 50 The script is backtested from 1 June 2022 and provides good returns. 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. This script also works well on SOL (45m timeframe), BNB (1h timeframe), and ETH (1h timeframe).
Pine Script™ strategy
by Coinrule
Swing Trend StrategyThis script is a trend following system which uses a long term Moving Average to spot the trend in combination with the Average True Range to filter out Fakeouts, limiting the overall drawdown. Default Settings and Calculation: - The trend is detected using the Exponential Moving Average on 200 periods. - The Average True Range is calculated on 10 periods. - The Market is considered in an Uptrend when the price closes above the EMA + ATR. - The Market is considered in a Downtrend when the price closes below the EMA - ATR. - The strategy will open a LONG position when the market is in an Uptrend. - The strategy will close its LONG positions when the price closes below the EMA. - The strategy will open a SHORT position when the market is in a Downtrend. - The strategy will close its SHORT positions when the price closes above the EMA. This script is best suited for the 4h timeframe, and shows good results on BTC and ETH especially. The options allow to modify the type of moving average to use, the period of the moving average, the ATR multiplier to add as well as the possibility to open short trades or not.
Pine Script™ strategy
by Inkedlau
2
Trade HourThis script is just finds the best hour to buy and sell hour in a day by checking chart movements in past For example if the red line is on the 0.63 on BTC/USDT chart it mean the start of 12AM hour on a day is the best hour to buy (all based on It's just for 1 hour time-frame but you can test it on other charts. IMPORTANT: You can change time Zone in strategy settings.to get the real hours as your location timezone IMPORTANT: Its for now just for BTC/USDT but you can optimize and test for other charts... IMPORTANT: A green and red background color calculated for show the user the best places of buy and sell (green : positive signal, red: negative signals) settings : timezone : We choice a time frame for our indicator as our geo location source : A source to calculate rate of change for it Time Period : Time period of ROC indicator About Calculations: 1- We first get a plot that just showing the present hour as a zigzag plot 2- So we use an indicator ( Rate of change ) to calculate chart movements as positive and negative numbers. I tested ROC is the best indicator but you can test close-open or real indicator or etc as indicator. 3 - for observe effects of all previous data we should indicator_cum that just a full sum of indicator values. 4- now we need to split this effects to hours and find out which hour is the best place to buy and which is the best for sell. Ok we should just calculate multiple of hour*indicator and get complete sum of it so: 5- we will divide this number to indicator_cum : (indicator_mul_hour_cum) / indicator_cum 6- Now we have the best hour to buy! and for best sell we should just reverse the ROC indicator and recalculate the best hour for it! 7- A green and red background color calculated for show the user the best places of buy and sell that dynamically changing with observing green and red plots(green : positive signal, red: negative signals) when green plot on 15 so each day on hour 15 the background of strategy indicator will change to 15 and if its go upper after some days and reached to 16 the background green color will move to 16 dynamically.
Pine Script™ strategy
by mablue
1
Bitcoin Scalping Strategy (Sampled with: PMARP+MADRID MA RIBBON) DISCLAIMER: THE CONTENT WITHIN THIS STRATEGY IS CREATED FROM TWO INDICATORS CREATED BY TWO PINESCRIPTER'S. THE STRATEGY WAS EXECUTED BY MYSELF AND REVERSE-ENGINEERED TO MEET THE CONDITIONS OF THE INTENDED STRATEGY REQUESTOR. I DO NOT TAKE CREDIT FOR THE CONTENT WITHIN THE ESTABLISHED LINES MADE CLEAR BY MYSELF. The Sampled Scripts and creators: PMAR/PMARP by @The_Caretaker Link to original script: Madrid MA RIBBON BAR by @Madrid Link to original script: Cheat Code's strategy notes: This sampled strategy (Requested by @elemy_eth) is one combining previously created studies. I reverse-engineered the local scope for the Madrid moving average color plots and set entry and exit conditions for certain criteria met. This strategy is meant to deliver an extremely high hit rate on a daily time frame. This is made possible because of the very low take profit percentage, during the context of a macro downtrend it is made easier to hit 1-3% scalps which is made visible with the strategy using sampled scripts I created here. How it works: Entry Conditions: -Enter Long's if the lime color conditions are met true using the script detailed by Marid's MA - No re-entry into positions needs to be met true (this prevents pyramiding of orders due to conditions being met true) applicable to both long and short side entries. - To increase hit rate and prevent traps both the parameters of rsi being sub 80 and no previously engulfing candles need to be met true to enter a long position. - Enter Short's if the red color conditions of Madrid's moving average are met true. - Closing Long positions are typically not met within this indicator, however, it still sometimes triggers if necessary. This consists of a pmarp sub 99 and a position size greater than 0.0 - Closing Short positions are typically not met within this indicator, however, it still sometimes triggers if necessary. This consists of a pmarp over 01 and a position size less than 0.0 - Stop Loss: 27.75% Take Profit: 1% (Which does not trigger on ticks over 1% so you will see average trade profits greater than 1%) BYBIT:BTCUSDT BINANCE:BTCUSDT COINBASE:BTCUSD Best Of Luck :) -CheatCode1
Pine Script™ strategy
by CheatCode1
14
RSI Improved strategySet a Horizontal Ray at the price that relates highest / lowest RSI . It 's more clear to decide when to open long / short position manually. It's a scalping strategy that works in 15min chart(basically works in most of timeframe , if you don't look it as a scalping strategy), when RSI hits Highest / Lowest value , the strategy will open a Long / Short position. The Default Risk Reward Ratio was 1 (1600 points : 1600 points) you can adjust it in settings You guys can look it as a RSI alert indicator Think before you do , use it wisely. Thanks a lot! There is a lot of useless words in Pine if you wanna look it please ignore it.
Pine Script™ strategy
by jimmy30110
4
Trend Ravi TrialTrial for trend analysis it was not difficult to convert to look like and work like Trend Trader Karan's Tool, who invested " Lakho Rupaya" and works on the basis of price action trading also. Let me tell you guys, this is nothing but an ATR based system which people already traded as Half Trend, Super Trend and various names. Half Trend is no more a copyrighted indicator, which stopped marketing after being exposed, but people are still cheating with such indicators.
Pine Script™ strategy
by abhimanyoo
DMI StrategyThis strategy is based on DMI indicator. It helps me to identify base or top of the script. I mostly use this script to trade in Nifty bank options, even when the signal comes in nifty . It can be used to trade in other scripts as well. Pivot points can also be used to take entry. Long entry is taken when DI+(11) goes below 10 and DI-(11) goes above 40 , whereas short entry is taken when DI-(11) goes below 10 and DI+(11) goes above 40. For bank nifty , I take the trade in the strike price for which the current premium is nearby 300, with the SL of 20%. If premium goes below 10% I buy one more lot to average, but exit if the premium goes below 20% of the first entry. If the trade moves in the correct direction, we need to start trailing our stoploss or exit at the pre-defined target. As this a strategy, there is one problem. While we are in the phase of "long", if again the "long" phase comes, it will not be shown on chart until a "short" phase has come, and vice versa. This has been resolved by creating an indicator instead of strategy with the name of "DMI Buy-sell on chart". Please go through that to get more entry points. Please have a look at strategy tester to back test
Pine Script™ strategy
by email_analysts
[TH] IMF(In Market Forever)If you want to be in market forever , Set Entry/Profit/Loss in advance. This strategy is a profit and loss strategy indicating P&L Ratio on chart. You can use webhook for auto-trade using my opensource webhook server(TradingHook). Manual add to chart set entry price using mouse click on your chart set profit price using mouse click on your chart set loss price using mouse click on your chart set nums of trades(default 1) set alert for webhook if you have TradingHook webhook server
Pine Script™ strategy
by dokang
9
3LS | 3 Line Strike Strategy [Kintsugi Trading]What is the 3LS | 3 Line Strike Strategy? Incorporating the 3 Line Strike candlestick pattern into our strategy was inspired by Arty at The Moving Average and the amazing traders at TheTrdFloor . The Three Line Strike is a trend continuation candlestick pattern consisting of four candles. Depending on their heights and collocation, a bullish or a bearish trend continuation can be predicted. In a symphony of trend analysis, price action, and volume we can find and place high-probability trades with the 3LS Strategy. How to use it! ----- First, start by choosing a Stop-Loss Strategy, Stop PIP Size, and Risk/Reward Ratio ----- - Stop-Loss Strategy Fixed PIP Size – This uses the top/bottom of the indicator candle and places a TP based on the chosen Risk:Reward ratio. ATR Trail (No set Target Profit, only uses ATR Stop) ATR Trail-Stop (Has set Target Profit, however, stop is based on ATR inputs) **If you choose an ATR Stop-Loss Strategy - input the desired ATR period and Multiple you would like the stop to be calculated at** **ATR Stop-Loss Strategies have a unique alert setup for Auto-Trading. See Auto-Trading Section** - Risk/Reward Ratio = If you have a .5 risk/reward, it means you are risking $100 to make $50. - Additional Stop PIP Size = Number of PIPs over the default stop location of the top or bottom of the indicator candle. ----- Next, we set the Session Filter ----- Set the Timezone and Trade Session you desire. If no specific session is desired, simply set the Trade Session to 00:00 - 00:00. ----- Next, we set the Moving Average Cloud Fill ----- Enter the Fast and Slow Moving Average Length used to calculate trend direction: MA Period Fast MA Period Slow These inputs will determine whether the strategy looks for Long or Short positions. ----- Next, we set the VSA – Volume Spread Analysis Settings ----- Check the box to show the indicator at the bottom of the chart if desired. This is just a different visual output of the VSA | Volume Spread Analysis indicator available for free under the community indicators tab. You can add that indicator to your chart and see the same output in candle format. In combination with the Moving Average Cloud, the Volume Spread Analysis will help us determine when to take a trade and in what direction. The strategy is essentially looking for small reversals going against the overall trend and placing a trade once that reversal ends and the price moves back in the direction of the overall trend. The 3LS Strategy utilizes confirmation between trend, volume, and price action to place high probability trades. The VSA is completely customizable by: Moving Average Length MA-1 Multiplier MA-2 Multiplier MA-3 Multiplier Check out the VSA | Volume Spread Analysis indicator in the community scripts section under the indicators tab to use this awesome resource on other strategies. ----- Next, we have the option to view the automated KT Bull/Bear Signals ----- Check the boxes to show the buy-sell signal on the chart if desired. ----- Next, we set the risk we want to use if Auto Trading the strategy ----- I always suggest using no more than 1-3% of your total account balance per trade. Remember, if you have multiple strategies triggering per day with each using 1%, the total percent at risk will be much larger. For Example – if you have 10 strategies each risking 1% your total risk is 10% of your account, not 1%! Be mindful to only use 1-3% of your total account balance across all strategies, not just each individual one. ----- Finally, we backtest our ideas ----- After using the 'Strategy Tester' tab on TradingView to thoroughly backtest your predictions you are ready to take it to the next level - Automated Trading! This was my whole reason for creating the script. If you work a full-time job, live in a time zone that is hard to trade, or just don't have the patience, this will be a game-changer for you as it was for me. Auto-Trading When it comes to auto-trading this strategy I have included two options in the script that utilize the alert messages generated by TradingView. *Note: Please trade on a demo account until you feel comfortable enough to use real money, and then please stick to 1%-2% of your total account value in risk per trade.* AutoView PineConnector **ATR Auto-Trading Alert Setup** How to create alerts on 3 Line Strike Strategy For Trailing Stops: 1) Adjust autoview/pineconnector settings 2) Click "add alert" 3) Select "Condition" = Strategy Name 4) Select "Order Fills Only" from the drop-down 3) Remove template message text from "message" box and place the exact text. '{{strategy.order.alert_message}}' 4) Click "create" For Fixed Pip Stop: 1) Adjust autoview/pineconnector settings 2) Click "add alert" 3) Select "Condition" = Strategy Name 4) Select "alert() function calls only" 5) I like to title my Alert Name the same thing I named it as an Indicator Template to keep track Good luck with your trading!
Pine Script™ strategy
by KintsugiTrading
9
DMI StrategyThis strategy is based on DMI indicator. It helps me to identify base or top of the script. I mostly use this script to trade in Nifty bank options, even when the signal comes in nifty. It can be used to trade in other scripts as well. Pivot points can also be used to take entry. Long entry is taken when DI+(11) goes below 10 and DI-(11) goes above 40, whereas short entry is taken when DI-(11) goes below 10 and DI+(11) goes above 40. For bank nifty, I take the trade in the strike price for which the current premium is nearby 300, with the SL of 20%. If premium goes below 10% I buy one more lot to average, but exit if the premium goes below 20% of the first entry. If the trade moves in the correct direction, we need to start trailing our stoploss or exit at the pre-defined target. Please have a look at strategy tester to back test.
Pine Script™ strategy
by email_analysts
1