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Pine utilities

Multi Asset + Correlation OverlayFrom time to time, you may want to overlay multiple assets on the same chart instead of using multi-chart views. This can be a much cleaner way of viewing and comparing multiple assets. There is some functionality built into TradingView that lets you do this to a certain extent, but I wanted additional options, correlation labeling and ways to adjust the overlay location. So, today I am releasing to the community my Multi-Asset + Correlation Overlay script / indicator. What is does: This script allows you to overlay the price of any ticker onto your chart. It also labels the line with the ticker name, and calculates / labels the correlation coefficient of your newly overlayed asset. How to use it: Add the indicator to your chart. Then, go into the indicator settings to set the ticker of the asset you want to pull in along with how you want to "offset" it. Your 2 tickers may not be priced near each-other, so the offset setting allows you to pull the ticker you added up/down to better visually align with your chart's price range/layout. For instance, if the asset you added is priced $400 higher than the underlying chart price, you may want to set the offset to -400. If you would like to add multiple tickers and multiple overlays, you can do that by just adding the indicator to your chart more than once. The color is adjustable, and the ticker of the asset will print to the right of the line representing the asset price. The script also calculates the correlation coefficient between the ticker overlay and the underlying chart asset. The correlation coefficient prints to the right of the ticker.
Pine Script™ indicator
by TradeAutomation
Fusion: Big Arty CandlesAnyone who follows Arty knows about his "Big A** Candle" strategies. I didn't like the BAC indicators that had code available so I wrote this one that has some decent flexibility and display options. You can use this to enter a trade immediately after a BAC, probably in the opposite direction and ride the pullback that usually occurs or just use it to avoid trading until things settle down. I use it to avoid trading for a few bars on the 15 minute timeframe on bitcoin. The settings are certainly not optimized so set them to whatever suits your needs as the defaults will probably be wrong for you. The code is structured to easily drop into a bigger system so use it as a lone indicator or add the code to some bigger project you are creating. If you do integrate it into something else then send me a note as it would be nice to know it's being well used. Finally, if you find value please do make a comment, give a thumbs up etc. Enjoy and good luck!
Pine Script™ indicator
by Koalems
Profit Harvester System (1) Strategy Introduction - This is a profit harvesting system, an optimized high frequency trading strategy, by invitation only - It can achieve a stable average annual return and is suitable for most crypto-currency markets - It is recommended that the initial capital of one crypto-currency pair is greater than 2000 USDT - You need to bear some floating loss, but don't worry, the strategy will stop profit and reduce positions automatically - Support leverage from 1 to 5 times, but note that there is a strong leveling risk when leverage is greater than 1 times - Support strategy alerts. You can add alerts at the top of the trading panel (2) Parameters - Indicator Resolution - Min Resolution (Minutes) : The resolution of the indicator, i.e. the interval for updating the indicator, default 240 minutes - MA Trending Line - Draw Trending Line? : Draw trend lines to determine the long/short direction - Moving Average Type : Type of moving average, default is SMA - Moving Average Period : The period of the moving average, SMA30 by default - Normalized On Balance Volume - Draw Normalized On Balance Volume? : Plot the normalized OBV to show the volume/price relationship - Moving Average Type : Type of moving average, default is EMA - Moving Average Period : The period of the moving average, EMA21 by default - Sigma of Normalized On Balance Volume : Upper and lower range of normalized OBV for determining the energy of the volume/price relationship - Trading settings - What Trades Should Be Taken? : The trading direction, supports long only, short only or no trade - Maximum Shares of Position : The maximum number of shares of the position, i.e. the initial capital (default is 2000) is divided into that number of shares equally - First Shares on Entrying Position : The number of shares occupied when entrying position to avoid missing the trend market - Profit Ratio for Average Entry Price : Close all positions and cancel all orders when the current price exceeds the average position price and the profit rate is reached - Increase Ratio for Next Share : Equal proportion of the order price when adding position - Trading Leverage (Risk Term) : Trading leverage supports from 1 to 5 times, 2 by default. However, there is a strong leveling risk when the leverage is greater than 1! - Max Floating Loss of Equity (Risk Term) : How much do you wanna risk. When the max floating loss threshold is reached, the position will be closed and all orders will be canceled! - Price Trail Stop : Whether enable price trail stop mode to obtain more profits (3) About usage - This strategy is by invitation only. If you are interested in this strategy or would like to use it, please leave a message - The default parameters is suitable for VETUSDT, MATICUSDT, ATOMUSDT, XRPUSDT and so on - It is highly recommended to use long-only direction rather than short-only direction because the market will not go down forever (4) Exceptions - When "Increase Ratio for Next Share" is too small and "Maximum Shares of Position" is too large, there may be an error that the number of orders exceeds 9000, which is caused by the limitation of tradingview itself Happy trading and enjoy your life! ———————————————————————————————————————— (1) 策略简介 - 这是一个利润收割系统，一种优化的高频交易策略，仅限受邀请使用 - 可以达到稳定的平均年化收益率，且适用于大部分数字货币市场 - 建议单个数字货币交易对的基础资金大于2000USDT，避免单笔交易资金低于最低交易资金限制 - 需要您承受一定的浮亏，但是不用担心，本策略会自动执行止盈和解套 - 支持1至5倍的杠杆，但是需要注意，杠杆大于1倍时存在爆仓风险 - 支持策略提醒，在交易面板上方添加策略提醒即可 (2) 参数说明 - Indicator Resolution - Min Resolution (Minutes) : 指标的分辨率，即更新指标的间隔，默认240分钟更新1次 - MA Trending Line - Draw Trending Line? : 是否需要绘制趋势线，用于判断多空方向 - Moving Average Type : 移动平均线的类型，默认为SMA - Moving Average Period : 移动平均线的周期，默认为240分钟下的30日均线 - Normalized On Balance Volume - Draw Normalized On Balance Volume? : 是否需要绘制归一化OBV指标，该指标反应量价关系 - Moving Average Type : 移动平均线的类型，默认为EMA - Moving Average Period : 移动平均线的周期，默认为240分钟下的21日均线 - Sigma of Normalized On Balance Volume : 归一化OBV的上下区间，用于判断量价关系的能量 - Trading settings - What Trades Should Be Taken? : 代表可以交易的方向，支持仅多头、仅空头或不交易 - Maximum Shares of Position : 仓位的最大份数，即将初始资金（默认为2000）等分为该份数的资金 - First Shares on Entrying Position : 当开仓后，首仓占用的份数，以避免错过趋势行情 - Profit Ratio for Average Entry Price : 当前价格大于仓位均价，并达到该收益率时，关闭所有仓位并取消所有挂单 - Increase Ratio for Next Share : 等比加仓的价格比例 - Trading Leverage (Risk Term) : 交易杠杆，支持1-5倍杠杆，默认为2倍杠杆，但是杠杆大于1倍时存在爆仓风险！ - Max Floating Loss of Equity (Risk Term) : 自开仓开始，您愿意承受的最大浮亏，当达到该浮亏后，仓位全平并取消所有订单！ - Price Trail Stop : 是否启用尾单止盈模式，以收割更多的利润 (3) 使用说明 - 该策略仅限受邀请使用，如果您对该策略感兴趣或者想要使用我的脚本，请给我留言 - 默认参数适用于 VETUSDT MATICUSDT ATOMUSDT XRPUSDT 等交易对 - 强烈建议使用多头交易而不是空头交易，因为市场不会永远下跌 (4) 异常情况 - 当"Increase Ratio for Next Share"设置过小而"Maximum Shares of Position"设置过大时，可能会出现订单数量超过9000的错误，这是tradingview本身的限制导致的 祝大家交易愉快
Pine Script™ strategy
by dandrideng
6
Backtesting- IndicatorFor anyone interested, Here is an example of how to put backtesting results into an Indicator. This calculates the same values as you find in the Summary Screen of the built in Strategy backtester. This will use the same result size as the standard backtester i.e. 5 minute chart grabs roughly 1 month of data, 1 minute chart grabs 1 week of data, etc... I tried to keep this as self-contained as possible so I put most of the code for the results in the bottom of the Indicator. The results stop at the last completed trade signal i.e. a Buy has a Sell to it. This is the same indicator I posted earlier with the PCT Trailing StopLoss so you will see that code in here as well. As said in my previous posting, the indicator is just a simple EMA crossover to give it something to do and I would not recommend using this indicator on its own, but instead copy the code to your own indicator if you find it useful. I also left the code in so that you can switch back to a Strategy if you want to verify the results. Additional Notes: - The results are within an acceptable margin of error due to the fact that the Indicator is having to calculate based on when the Buy and Sell Signal occur as opposed to when actual trades occur like in the Strategy Backtester - I was trying to find a way to set the number of Buy Signals to use i.e. show me the results from the past 100 trades but couldn't sort out the logic. I am open to suggestions. Also keep in mind I am not a coder by profession so if you have any ideas on that front, please explain it to me as though I am a 5 year old child and provide code examples if possible :) - I included the Strategy results in the Screen Shots so that you can see where the results line up. Additional Additional Note: This is not financial advice. Use at your own risk.
Pine Script™ indicator
by Thumpyr
3
Feature scalerFeature scaler | Pine Utilities series, ready to be used in "study-on-study" fashion | Includes min-max, normalization, standardization and unit length scaling. One and only source: en.wikipedia.org Endpoint inputs allow to set an interval of interest for min-max scaler. Can be (and should be) applied to other studies, or to the chart itself. In this example, I applied min-max scaling to weighted linear regression's slope values. Unfortunately, "All data" is still "experimental" and works only on charts where less than 5000 bars are available. max_bars_back() didn't help. Sup TV
Pine Script™ indicator
by gorx1
9
High-pass filterHigh-pass filter | Pine Utilities series, ready to be used in "study-on-study" fashion | Represents the difference between the filter and the original unfiltered data. How to use: 1) Add a filter to your chart (in this particular case it was 4-pole Gaussian filter implemented by @everget, ty man); 2) Tap ... on your's filter status line and choose "Add study/strategy on ...", then choose High-pass filter. Alternatively, add high-pass filter directly to your chart, then High-pass filter's settings -> Basis -> choose the filter you've applied during the step 1; 3) Choose the source (op2 and hlcc4 are available as well); 4) See the difference (literally). Peace TV
Pine Script™ indicator
by gorx1
1
[TEMPLATE] Code Block Comments█  OVERVIEW Here I present to the community at large a collection of code comment blocks that I think will be useful, especially for larger script projects bordering on 2,000 lines or above of code. █  PLANNED FUTURE UPDATES Work with the community to expand this template to be even more useful with the inclusion of useful global colour sets, variables, tooltips, groups, etc. better script thumbnail. full-screen table or label outlining the script's use-cases.
Pine Script™ indicator
by BinarySword
6
PnL and Buy & Hold TrackerIn this script I use a simple, not necessarily profitable, strategy of a cross of MAs to teach how to calculate and plot the PnL of each trade made by the indicator. I also show how to calculate the cumulative PnL of all trades and the Buy and Hold of the same period. These calculations which are natively available in any strategy script, require a bit of resourcefulness to work in an indicator script. It can be very useful to optimize parameters for the best performance of an indicator-based strategy. I use variables to store the price of the asset at each buy signal to calculate the PnL with the closing price of that particular trade and another variable to store the price value of the first trade, which calculates the Buy and Hold percentage with the current price of the asset. I plot the values of the trades in labels and the accumulated values in a table. I also show how to calculate and plot the unrealized PnL of open trades.
Pine Script™ indicator
by Fedra_Algotrading
1
MACD-X Overlay, More Than MACD by DGTMoving Average Convergence Divergence – MACD The most popular indicator used in technical analysis , the moving average convergence divergence ( MACD ), created by Gerald Appel. MACD is a trend-following momentum indicator , designed to reveal changes in the strength, direction, momentum, and duration of a trend in a financial instrument’s price Historical evolution of MACD , - Gerald Appel created the MACD line, - Thomas Aspray added the histogram feature to MACD - Giorgos E. Siligardos created a leader of MACD MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, MACD takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum. The MACD indicator is typically good for identifying three types of basic signals; Signal Line Crossovers A Signal Line Crossover is the most common signal produced by the MACD . On the occasions where the MACD Line crosses above or below the Signal Line, that can signify a potentially strong move. The standard interpretation of such an event is a recommendation to buy if the MACD line crosses up through the Signal Line (a "bullish" crossover), or to sell if it crosses down through the Signal Line (a "bearish" crossover). These events are taken as indications that the trend in the financial instrument is about to accelerate in the direction of the crossover. Zero Line Crossovers Zero Line Crossovers occur when the MACD Line crossed the Zero Line and either becomes positive (above 0) or negative (below 0). A change from positive to negative MACD is interpreted as "bearish", and from negative to positive as "bullish". Zero crossovers provide evidence of a change in the direction of a trend but less confirmation of its momentum than a signal line crossover Divergence Divergence is another signal created by the MACD . Simply, divergence occurs when the MACD and actual price are not in agreement. A "positive divergence" or "bullish divergence" occurs when the price makes a new low but the MACD does not confirm with a new low of its own. A "negative divergence" or "bearish divergence" occurs when the price makes a new high but the MACD does not confirm with a new high of its own. A divergence with respect to price may occur on the MACD line and/or the MACD Histogram Moving Average Crossovers , another hidden signal that MACD Indicator identifies Many traders will watch for a short-term moving average to cross above a longer-term moving average and use this to signal increasing upward momentum. This bullish crossover suggests that the price has recently been rising at a faster rate than it has in the past, so it is a common technical buy sign. Conversely, a short-term moving average crossing below a longer-term average is used to illustrate that the asset's price has been moving downward at a faster rate and that it may be a good time to sell. Moving Average Crossovers in reality is Zero Line Crossovers, the value of the MACD indicator is equal to zero each time the two moving averages cross over each other. For easy interpretation by trades, Zero Line Crossovers are simply described as positive or negative MACD False signals Like any forecasting algorithm, the MACD can generate false signals. A false positive, for example, would be a bullish crossover followed by a sudden decline in a financial instrument. A false negative would be a situation where there is bearish crossover, yet the financial instrument accelerated suddenly upwards What is “MACD-X” and Why it is “More Than MACD” In its simples form, MACD-X implements variety of different calculation techniques applied to obtain MACD Line. Different calculation techniques lead to different values for MACD Line, as will further discuss below, and as a consequence the signal line and the histogram values will differentiate accordingly. Main features of MACD-X ; 1- Plotting of the Oscillator presented on top of the price chart (main chart) and applicable on both log and linear scale. Maximum plotting length is limited to 250 bars 2- Introduces different proven techniques applied on MACD calculation, such as MACD-AS (Histogram), MACD-Leader and MACD-Source, besides the traditional MACD (MACD-TRADITIONAL) • MACD-Traditional, by Gerald Appel It is the MACD that we know, stated as traditional just to avoid confusion with other techniques used with this study • MACD-Histogram, by Thomas Aspray The MACD-Histogram measures the distance between MACD and its signal line (the 9-day EMA of MACD ). Aspray developed the MACD-Histogram to anticipate signal line crossovers in MACD . Because MACD uses moving averages and moving averages lag price, signal line crossovers can come late and affect the reward-to-risk ratio of a trade. Bullish or bearish divergences in the MACD-Histogram can alert chartists to an imminent signal line crossover in MACD Aspray's contribution served as a way to anticipate (and therefore cut down on lag) possible MACD crossovers which are a fundamental part of the indicator. • MACD-Leader, by Giorgos E. Siligardos, PhD MACD Leader has the ability to lead MACD at critical situations. Almost all smoothing methods encounter in technical analysis are based on a relative-weighted sum of past prices, and the Leader is no exception. The concealed weights of MACD Leader are such that more relative weight is used in the more recent prices than the respective weights used by the components of MACD . In effect, the Leader expresses more changes in average price dynamics for the recent price movement than MACD , thus eventually leading MACD , especially when significant trend changes are about to take place. • MACD-Source, a custom experimental interpretation of mine, MACD Source, presents an application of MACD that evaluates Source/MA Ratio, relatively with less lag, as a basis for MACD Line, also can be expressed as source convergence/divergence to its moving average. Among the various techniques for removing the lag between price and moving average (MA) of the price, one in particular stands out: the addition to the moving average of a portion of the difference between the price and MA. MACD Source, is based on signal length mean of the difference between Source and average value of shot length and long length moving average of the source (Source/MA Ratio), where the source is actual value and hence no lag and relatively less lag with the average value of moving average of the source . MACD Source provides relatively early crossovers comparing to MACD and better momentum direction indications, assuming the lengths are set to same values 3- Alerts presented for MACD and Signal Line Crosses both for Early Warning and Confirmed Crossovers For more, You are kindly invited to have a look to other MACD or similar studies presented on separate pane MACD-X, More Than MACD by DGT , P-MACD by DGT and Price Distance to its MA by DGT Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Editors' picks
Pine Script™ indicator
by dgtrd
61
Countdown Interval TimerCountdown Interval Timer calculates the time remaining (in seconds) until bar close and 5 custom intervals (minutes). Given the execution model of Pine Script is ticked-based, alerts based on this indicator will only trigger if there is a tick at the right time. Specifically, a tick would be required between the event target (close of bar time, end of minute/s interval), less the Trigger Threshold (default = 5 seconds before). Alert instructions: 1. Create new alert 2. Select Condition options as: a) This indicator & desired plot (Ti_Cl, Ti_01, Ti_02, Ti_03, Ti_04 or Ti_05) b) 'Crossing Down' c) This indicator & 'Trigger' 3. Set Options to 'Once Per Minute' Note that if you change the input values of this indicator you will need to recreate the alert as it will not pick up the changes. For example if you change 'Time interval 01' from 1 to 3, the alert will remain at 1
Pine Script™ indicator
by a_dema
7
Ultimate Time Filter V1The only time filter that you will ever need. Easily filter for: --> Start/End Dates --> Weekdays --> 1 or 2 Daily Trade Sessions. This is open source on purpose so you can enjoy ease of use on your own codes. Simply copy the code and use the variable "inTime" to filter bars that fit your time constraints. I spent a lot more time on this than I'd like to admit but so be it. Any comments for improvements, or questions on how to use the script is appreciated. Or if you wanna chat about trading / pine script hit me up on Discord. Cheers
Pine Script™ indicator
by FloppyDisque
5
Template Trailing Strategy (Backtester)💭 Overview 💢 What is the "Template Trailing Strategy” ❓ The "Template Trailing Strategy" (TTS) is a back-tester orchestration framework. It supercharges the implementation-test-evaluation lifecycle of new trading strategies, by making it possible to plug in your own trading idea. While TTS offers a vast number of configuration settings, it primarily allows the trader to: Test and evaluate your own trading logic that is described in terms of entry, exit, and cancellation conditions. Define the entry and exit order types as well as their target prices when the limit, stop, or stop-limit order types are used. Utilize a variety of options regarding the placement of the stop-loss and take-profit target(s) prices and support for well-known techniques like moving to breakeven and trailing. Provide well-known quantity calculation methods to properly handle risk management and easily evaluate trading strategies and compare them. Alert on each trading event or any related change through a robust and fully customizable messaging system. All the above, build a robust tool that, once learned, significant and repetitive work that strategy developers often implement individually on every strategy script is eliminated. Taking advantage of TradingView’s built-in backtesting engine the evaluation of the trading ideas feels natural. By utilizing the TTS one can easily swap “trading logic” by testing, evaluating, and comparing each trading idea and/or individual component of a strategy. Finally, TTS, through its per-event alert management (and debugging) system, provides a fully automated solution that supports automated trading with real brokers via webhooks. NOTE: The “Template Trailing Strategy” does not dictate the way you can combine different (types of) indicators or how you should combine them. Thus, it should not be confused as a “Trading System”, because it gives its user full flexibility on that end (for better or worse). 💢 What is a “Signal Indicator” ❓ “Signal Indicator” (SI) is an indicator that can output a “signal” that follows a specific convention so that the “Template Trailing Strategy” can “understand” and execute the orders accordingly. The SI realizes the core trading logic signaling to the TTS when to enter, exit, or cancel an order. A SI instructs the TTS “when” to enter or exit, and the TTS determines “how” to enter and exit the position once the Signal Indicator generates a signal. A very simple example of a Signal Indicator might be a 200-day Simple Moving Average Signal. When the price of the security closes above the 200-day SMA, a SI would provide TTS with a “long entry signal”. Once TTS receives the “long entry signal”, the TTS will open a long position and send an alert or automated trade message via webhook to a broker, based on the Entry settings defined in TTS. If the TTS Entry settings specify a “Market” order type, then the open long position will be executed by TTS immediately. But if the TTS Entry settings specify a “Stop” order type with a 1% Stop Distance, then when the price of the security rises by 1% after the “long entry signal” occurs, the TTS will open a long position and the Long Entry alert or webhook to the broker will be sent. 🤔 How to Guide 💢 How to connect a “signal” from a “Signal Indicator” ❓ The “Template Trailing Strategy” was designed to receive external signals from a “Signal Indicator”. In this way, a “new trading idea” can be developed, configured, and evaluated separately from the TTS. Similarly, the SI can be held constant, and the trading mechanics can change in the TTS settings and back-tested to answer questions such as, “Am I better with a different stop loss placement method, what if I used a limit order instead of a stop order to enter, what if I used 25% margin instead of trading spot market?” To make that possible by connecting an external signal indicator to TTS, you should: Add in the same chart, the “Signal Indicator” of your choice (e.g. “Two MA Signal Indicator” , “Click Signal Indicator” , “Signal Adapter” , “Signal Composer” ) and the “Template Trailing Strategy”. Go to the “Settings/Inputs” tab in the “🛠️ STRATEGY” group of the TTS and change the "𝐃𝐞𝐚𝐥 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐌𝐨𝐝𝐞" to “🔨External” Go to the “🔨 STRATEGY – EXTERNAL” group settings of the TTS and change the “🔌𝐒𝐢𝐠𝐧𝐚𝐥 🛈➡” to the output signal of the “Signal Indicator” you want to connect. The selected combo box option should look like “:🔌Signal to TTS” where should correspond to the short title of your “Signal Indicator” 💢 How to create a Custom Trading logic ❓ The “Template Trailing Strategy” provides two ways to plug in your custom trading logic. Both of them have their advantages and disadvantages. ✍️ Develop your own Customized “Signal Indicator” 💥 The first approach is meant to be used for relatively more complex trading logic. The advantages of this approach are the full control and customization you have over the trading logic and the relatively simple configuration setup by having two scripts only. The downsides are that you have to have some experience with pinescript or you are willing to learn and experiment. You should also know the exact formula for every indicator you will use since you have to write it by yourself. Copy-pasting from existing open-source indicators will get you started quite fast though. The idea here is either to create a new indicator script from scratch or to copy an existing non-signal indicator and make it a “Signal Indicator”. To create a new script, press the “Pine Editor” button below the chart to open the “Pine Editor” and then press the “Open” button to open the drop-down menu with the templates. Select the “New Indicator” option. Add it to your chart to copy an existing indicator and press the source code {} button. Its source code will be shown in the “Pine Editor” with a warning on top stating that this is a read-only script. Press the “create a working copy”. Now you can give a descriptive title and a short title to your script, and you can work on (or copy-paste) the (other) indicators of your interest. Having all the information needed to make your decision the only thing you should do is define a DealConditions object and plot it like this: import jason5480/tts_convention/4 as conv // Calculate the start, end, cancel start, cancel end conditions dealConditions = conv.DealConditions.new( startLongDeal = , startShortDeal = , endLongDeal = , endShortDeal = , cnlStartLongDeal = , cnlStartShortDeal = , cnlEndLongDeal = , cnlEndShortDeal = ) // Use this signal in scripts like "Template Trailing Strategy" and "Signal Composer" that can use its value // Emit the current signal value according to the "two channels mod div" convention plot(series = conv.getSignal(dealConditions), title = '🔌Signal to TTS', color = color.olive, display = display.data_window + display.status_line, precision = 0) You should write your deal conditions appropriately based on your trading logic and put them in the code section shown above by replacing the “…” part after “=”. You can omit the conditions that are not relevant to your logic. For example, if you use only market orders for entering and exiting your positions the cnlStartLongDeal, cnlStartShortDeal, cnlEndLongDeal, and cnlEndShortDeal are irrelevant to your case and can be safely omitted from the DealConditions object. After successfully compiling your new custom SI script add it to the same chart with the TTS by pressing the “Add to chart” button. If all goes well, you will be able to connect your “signal” to the TTS as described in the “How to connect a “signal” from a “Signal Indicator”?” guide. 🧩 Adapt and Combine existing non-signal indicators 💥 The second approach is meant to be used for relatively simple trading logic. The advantages of this approach are the lack of pine script and coding experience needed and the fact that it can be used with closed-source indicators as long as the decision-making part is displayed as a line in the chart. The drawback is that you have to have a subscription that supports the “indicator on indicator” feature so you can connect the output of one indicator as an input to another indicator. Please check if your plan supports that feature here To plug in your own logic that way you have to add your indicator(s) of preference in the chart and then add the “Signal Adapter” script in the same chart as well. This script is a “Signal Indicator” that can be used as a proxy to define your custom logic in the CONDITIONS group of the “Settings/Inputs” tab after defining your inputs from your preferred indicators in the VARIABLES group. Then a “signal” will be produced, if your logic is simple enough it can be directly connected to the TTS that is also added to the same chart for execution. Check the “How to connect a “signal” from a “Signal Indicator”?” in the “🤔 How to Guide“ for more information. If your logic is slightly more complicated, you can add a second “Signal Adapter” in your chart. Then you should add the “Signal Composer” in the same chart, go to the SIGNALS group of the “Settings/Inputs” tab, and connect the “signals” from the “Signal Adapters”. “Signal Composer” is also a SI so its composed “signal” can be connected to the TTS the same way it is described in the “How to connect a “signal” from a “Signal Indicator”?” guide. At this point, due to the composability of the framework, you can add an arbitrary number (bounded by your subscription of course) of “Signal Adapters” and “Signal Composers” before connecting the final “signal” to the TTS. 💢 How to set up ⏰Alerts ❓ The “Template Trailing Strategy” provides a fully customizable per-even alert mechanism. This means that you may have an entirely different message for entering and exiting into a position, hitting a stop-loss or a take-profit target, changing trailing targets, etc. There are no restrictions, and this gives you great flexibility. First of all, you have to enable the alerts of the events that interest you. Go to the “🔔 ALERT MESSAGES” module of the TTS settings and check the “Enable…” checkbox of the events you are interested in. For each specific event, you will find a text area where you can type the exact message you want to receive when the event occurs. What’s more, there are placeholders you can use that will be replaced by the TTS with the actual values before the message is sent. The placeholder categories are the following and the placeholder names are self-explanatory. Chart info: {{ticker}}, {{base_currency}}, {{quote_currency}} Quantities and percentages: {{base_quantity}}, {{quote_quantity}}, {{quote_quantity_perc}}, {{take_profit_base_quantity}}, {{remaining_quantity_perc}}, {{remaining_base_quantity}}, {{risk_perc}} Target prices: {{stop_loss_price}}, {{entry_price}}, {{entry+_price}}, {{entry-_price}}, {{exit_price}}, {{exit+_price}}, {{exit-_price}}, {{take_profit_price_1}}, {{take_profit_price_2}}, {{take_profit_price_3}}, {{take_profit_price_4}}, {{take_profit_price_5}} ❗ To get the message on the other side you have to set a strategy alert as described here and use the {{strategy.order.alert_message}} placeholder as text in the “Message Box” that contains the message that came from the TTS. 💢 How to execute my orders in a broker ❓ To execute your orders in a broker that supports webhook integration, you should enable the appropriate alerts in the “Template Trailing Strategy” first (see the “How to set up Alerts?” guide above). Then you should go to the “Create Alert/Notifications” tab check the “Webhook URL” and paste the URL provided by your broker. You have to read the documentation of your broker for more information on what messages are expected. Keep in mind that some brokers have deep integration with TradingView so a per-event alert approach might be overkill. 📑 Definitions This section tries to give some definitions in terms that appear in the “Settings/Inputs" tab of the “Template Trailing Strategy” 💢 What is Trailing ❓ Trailing is a technique where a price target follows another “barrier” price (usually high or low) by trying to keep a maximum distance from the “barrier” when it moves in only one direction (up or down). When the “barrier” moves in the other direction the price target will not change. There are as many types of trailing as price targets, which means that there are entry trailing, exit trailing, stop-loss trailing, and take-profit trailing techniques. 💢 What is a Moonbag ❓ A Moonbag in a trade is the quantity of the position that is reserved and will not be exited even if all take-profit targets defined in the strategy are hit, the quantity will be exited only if the stop-loss is hit or a close signal is received. This makes the stop-loss trailing technique in a trend-following strategy a good candidate to take advantage of a Moonbag. 💢 What is Distance ❓ Distance is the difference between two prices. 💢 What is Bias ❓ Bias is a psychological phenomenon where you make decisions based on market sentiment. For example, when you want to enter a long position you have a long bias, and when you want to exit from the long position you have a short bias. It is the other way around for the short position. 💢 What is the Margin Distance of a price target ❓ The Margin Distance of a price target is the distance that the target will deviate from its initial price. The direction of this deviation depends on the bias of the market. For example, suppose you are in a long position, and you set a take-profit target to the local high (HHLL). In that case, adding a margin of five ticks will place your take-profit target 5 ticks below this local high because you have a short bias when exiting a long position. When the bias is long the margin will be added resulting in a higher target price and when you have a short bias the margin will be subtracted. ⚙️ Settings In the “Settings/Inputs” tab of the “Template Trailing Strategy”, you can find all the customizable settings that are provided by the framework. The variety of those settings is vast; hence we will only scratch the surface here. However, for every setting, there is an information icon 🛈 where you can learn more if you mouse over it. The “Settings/Inputs” tab is divided into ten main groups. Each one of them is responsible for one module of the framework. Every setting is part of a group that is named after the module it represents. So, to spot the module of a setting find the title that appears above it comes with an emoji and uppercase letters. Some settings might have the same name but belong to different modules e.g. “Distance Method”. Some settings are indented, which means that are closely related to the non-indented setting above. Usually, intended settings provide further configuration for one or more options of the non-intended setting. The groups that correspond to each module of the framework are the following: 📆 FILTERS In this module time filters are implemented. You can define a DateTime window for your strategy to run. You can also specify a session by selecting the days of the week and the time range you want to operate. 🛠️ STRATEGY This module contains the "𝐃𝐞𝐚𝐥 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐌𝐨𝐝𝐞" that defines if the “Template Trailing Strategy” will operate using the Internal or the External (“Signal Indicator”) conditions. Some general settings can be applied regardless of the mode. 🔨 STRATEGY – EXTERNAL This sub-module makes the connection between the external signal of the “Signal Indicator” and the “Template Trailing Strategy”. It takes effect only if the "𝐃𝐞𝐚𝐥 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐌𝐨𝐝𝐞" is set to “🔨External”. 🔧 STRATEGY – INTERNAL This sub-module defines the internal strategy logic and it's used as an example to demonstrate this framework. It should produce the same results as if the “Two MA Signal Indicator” was used as a “signal” in external mode. It takes effect only if the "𝐃𝐞𝐚𝐥 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐌𝐨𝐝𝐞" is set to “🔧Internal”. 🎢 VOLATILITY This module defines the volatility parameters that are used in various other settings like average true range and standard deviation. It also makes it clear whether their values are updated during a trade (DYNAMIC) or not (STATIC). 🔷 ENTRY This module defines how the start deal conditions will be executed by defining the order type of your entry and all necessary parameters to execute them. 🎯 TAKE PROFIT This module defines the take-profit targets placement logic. The number of the take-profit targets to use, their distance from the entry price, and the distance from each other are only some of the features that can be configured. 🛑 STOP LOSS This module defines the stop-loss target placement logic. The distance from the entry price, move to break even, and start trailing after a take-profit target is hit are only some of the features that can be configured. 🟪 EXIT This module defines how the end deal conditions will be executed by defining the order type of your exit and all necessary parameters to execute them. 💰 QUANTITY/RISK MANAGEMENT This module defines the method that calculates the amount of money you will put into each trade. Also, the percentage of the Moonbag quantity can be configured. 📊 ANALYTICS This module can visualize some extra analytics of the strategy in the chart and calculate some metrics to measure the overall performance. 🔔 ALERT MESSAGES This module defines all the messages that can be emitted per event during the strategy execution. 😲 Caveats 💢 Does “Template Trailing Strategy” has a repainting behavior ❓ The answer is that the “Template Trailing Strategy” does not repaint as long as the “Signal Indicator” that is connected also does not repaint. If you developed your own SI make sure that you understand and know how to prevent this behavior. The publication by @PineCoders here will give you a good idea on how to avoid most of the repainting cases. ⚠️There is an exception though, when the “Enable Trail⚠️💹” checkbox is checked, the Take Profit trailing feature is enabled, and a tick-based approach is used, meaning that after a while, when the TradingView discards all the real-time data, assumptions will be made by the backtesting engine that will cause a form of repainting. To avoid making false assumptions please disable this feature in the early stages and evaluate its usefulness in your strategy later on, after first confirming the success of the logic without this feature. In this case, consider turning on the bar magnifier feature. This way you will get more accurate backtest results when the Take Profit trailing feature is enabled. 💢 Can “Template Trailing Strategy” satisfy all my trading strategies ❓ While this framework can satisfy quite a large number of trading strategies there are cases where it cannot do so. For example, if you have a custom logic for your stop-loss or take-profit placement, or if you want to dollar cost average, then it might be better to start a new strategy script from scratch. ⚠️ It is not recommended to copy the official TTS code and start developing unless you are a pine wizard! Even in that case, there is a stiff learning curve that might not be worth your time. Last, you must consider that I do not offer support for customized versions of the TTS script and if something goes wrong in the process you are all alone. 🤗 Thanks Special thanks to @upslidedown and @metadimensional, who regularly gave feedback all those years and helped me to shape the framework as it is today! Thanks to @EltAlt, @PlusUltraTrading, and everyone else who contributed by either filing a “defect report” or asking questions that helped me to understand what improvements were necessary. Enjoy! Jason
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