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Anti-Volume Stop LossFINALLY! As everyone who tried to create, understand, or even find the Buff Pelz Dormeier Anti-volume stop-loss indicator knows that - it's not easy. Personally, I have partially, or perhaps completely figured out, the tips Buff had given in Investing with Volume Analysis book. AVSL now is ready. Please do some test and give me a feedback how it works in your trade strategy. Anti-Volume stop loss - AVSL from Investing with Volume Analysis book CHAPTER 20 • RISKY BUSINESS 253-256: "It is important in any risk-management process to predetermine an objective decision point level (a stop loss) to exit, thereby protecting principal in case you are wrong. My objective sell point is determined by using a quantitative formula I refer to as Anti-Volume Stop Loss (AVSL). Having a quantitative, yet intelligent sell point eliminates the emotional struggles involved in deciding when to exit a position. AVSL is a technical methodology that incorporates the concepts of support, volatility, and, most importantly, the inverse relationship between price and volume. The AVSL combines the concepts of the VPCI (Volume Price Confirmation Indicator) and John Bollinger’s Bollinger Bands to create a trailing stop loss. AVSL = Lower Bollinger Band – (Price, Length, Standard Deviation) Where: Length = Round (3 + VPCI) Price = Average (Lows × 1 / VPC × 1 / VPR, Length) Standard Deviation = 2 × (VPCI × VM) One of the most difficult decisions is determining what one’s maximum loss threshold should be. Some say 2 percent; others say 20 percent. I believe the more volatile a security, the looser the stop should be. A nonvolatile security, such as Coca-Cola, might move 7 percent a year, while a volatile security such as Google might move 7 percent in a day. If you use a 7 percent stop for Coca-Cola, it might take a year to be stopped out while the security underperforms. However, if you use 7 percent for Google, you can be stopped out intraday, not allowing the investment an opportunity to develop. By using the lower Bollinger Band of the securities lows, the AVSL considers each individual security’s own volatility. Thus, a volatile security would be granted more room of the stocks low while a stable security would have a tighter leash (see Figure 20.7). The next important step is employing the price-volume relationship into the calculation. Volume gauges the power behind price moves. In accounting for this, when a security is in an uptrend and has positive volume characteristics, it is given more room. However, if the security exhibits contracting volume characteristics, then the stop is tightened. In this way, if a negative news event affects an unhealthy security, the stop is tighter, thus preserving more of your profits. However, if the negative news event affects a security whose price-volume relationship is healthy, the stop has been loosened, avoiding the temporary whipsaw of an otherwise strong position. In these ways, AVSL lets the market decide when to exit your position. AVSL tailors each security for support, volatility, and the pricevolume relationship based on an investor’s time frame as calculated from the chart data. For example, my portfolio positions are continually re-evaluated with this AVSL methodology, which yields the possibility of raising the decision point threshold periodically based on the time frame of my investment objective. With my short-term Giddy-up portfolios, I use daily chart data and seek to raise my maximum loss stop on a daily basis. My intermediate ETF and stock positions are calculated off of weekly data and then re-evaluated weekly. With my longer term stock portfolios, the decision point is calculated off data revised monthly. This analytical approach that uses measurable facts over emotion or gut instincts allows me to maintain my objectivity. Thus objectivity, not emotion, informs my investment decisions." How look mine AVSL: Price component = low × 1/VPC × 1/VPR : for VPC > 1 and VPC < -1 | low × 1 × 1/VPR : for 1 > VPC > 0 | low × -1 × 1/VPR : for 0 > VPC > -1 AVSL Price = sma((low × 1/VPC × 1/VPR) , length) / 100 length = round : for VPCI > 0 | round [ absolute ] : for VPCI < 0 | 3 : for VPCI=0 Standard Deviation = mult × VPCI × VM) AVSL = sma(Actual low price - AWSL Price + Standard Deviation, 26) It's hard to say is it the same as in Buff Pelz Dormeier book, but I encourage you to modify the script for better results.
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Pine Script™ indicator
by Rafka
58
Wilder's Volatility Trailing Stop Strategy with various MA'sFor Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed. This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. This strategy is based on Wilder's Volatility System. It is an ATR trailing stop that is used for long term trends. This strategy focuses on the trailing stop alone and goes long and short only when it goes above or below the trailing line. It is similar to Donchian channels except it does not include the certain period channel breakout, only the trailing signal. This is only the trailing stop and an attempt to show how well it works standalone as Wilder described. In his book, Wilder recommends a multiplier of 2.8-3.1 and an ATR lookback of 7 periods along with a running moving average or otherwise known as Wilder's moving average. The calculation and programming part for the trailing stop varies everywhere. I opted to keep it as simple and accurate as I could think of and interpret from the book. The variations to these types of indicators are numerous unfortunately, but Wilder seems to be the original author of ATR and this ATR-based trailing stop. In his book he says to use the significant closing price or highest/lowest closing price for the calculation part but I also included the option of choosing the highest high and lowest low, and the option to choose various moving averages in case anyone wants to experiment. Comparing this and Donchian channels, it seems that a 2.5 multiplier is somewhat similar to the middle band of DCs and a 3.0 multiplier is somewhat similar to a double length middle band of DCs. It's hard to say which is the better trailing stop for a long term strategy. It's hard to beat the simplicity of DCs but maybe some might find a need for more inputs in a trailing stop or maybe an ATR based one like Wilder's can work better depending on what setting or strategy it's used in.
Pine Script™ strategy
by SparkyFlary
Adjacent HMA StopRelease Note: This indicator script setup is published to identify the strength and ride the trends. HMA: HMA 100 period is used as default. However this can be changed as per wish. Major turning points or decisions can be made using this HMA line. Purple color is used to identify this. This can be used as the final extreme stop for any trend before it turns. Adjacent Line: Blue colored Adjacent line can be used to determine the trend strength or ride the trend till it slows down. When trending move happens it can be ride till the candles comes within this Adjacent line. And then sideways move or the moves between HMA & Adjacent line can be traded Stop: Dotted lines in Red and Green colors are used as very tight stop. This can be also used as first level of profit booking when very strong move happens. Trend View: There is an optional 'Trend View' which can be used to determined the trend. Disclaimer: //This script/indicator published with the idea of finding the strength of any instruments. Trade decisions and execution are up to the traders/users as per their understanding //Courtesy: Thanks to Alan Hull and Richard Donchian as some of the concepts are inspired from them
Pine Script™ indicator
by pckalai
ATR Trailing Stop Strategy by ceyhunSame coding only coloring and strategy version added //Barcolor Green = Trail1 > Trail2 and close > Trail2 and low > Trail2 Blue = Trail1 > Trail2 and close > Trail2 and low < Trail2 Red = Trail2 > Trail1 and close < Trail2 and high < Trail2 Yellow = Trail2 > Trail1 and close < Trail2 and high > Trail2 //It gives White color where there is deterioration. Let's not use InfoPanel in strategy, it would be wrong as it signals the next day.
Pine Script™ strategy
by ceyhun
23
Tilson T3 and MavilimW Triple Combined StrategyInspired by truly greatful Kivanç Ozbilgic (www.tradingview.com). The strategy tries to combined three different moving average strategies into one. Strategies covered are: 1. Tillson T3 Moving Average Strategy Developed by Tim Tillson, the T3 Moving Average is considered superior to traditional moving averages as it is smoother, more responsive and thus performs better in ranging market conditions as well. However, it bears the disadvantage of overshooting the price as it attempts to realign itself to current market conditions. It incorporates a smoothing technique which allows it to plot curves more gradual than ordinary moving averages and with a smaller lag. Its smoothness is derived from the fact that it is a weighted sum of a single EMA, double EMA, triple EMA and so on. When a trend is formed, the price action will stay above or below the trend during most of its progression and will hardly be touched by any swings. Thus, a confirmed penetration of the T3 MA and the lack of a following reversal often indicates the end of a trend. Here is what the calculation looks like: T3 = c1*e6 + c2*e5 + c3*e4 + c4*e3, where: – e1 = EMA (Close, Period) – e2 = EMA (e1, Period) – e3 = EMA (e2, Period) – e4 = EMA (e3, Period) – e5 = EMA (e4, Period) – e6 = EMA (e5, Period) – a is the volume factor, default value is 0.7 but 0.618 can also be used – c1 = – a^3 – c2 = 3*a^2 + 3*a^3 – c3 = – 6*a^2 – 3*a – 3*a^3 – c4 = 1 + 3*a + a^3 + 3*a^2 T3 MovingThe T3 Moving Average generally produces entry signals similar to other moving averages and thus is traded largely in the same manner. Strategy for Tillson T3 is if the close crossovers T3 line and for at least five bars the close was under the T3 2. Tillson T3 Fibonacci Cross Kivanc Ozbilgic added a second T3 line with a volume factor of 0.618 (Fibonacci Ratio) and length of 3 (fibonacci number) which can be added by selecting the T3 Fibonacci Strategy input box. Strategy for Tillson T3 Fibo is when the Fibo Line crossover the T3 it gives long signal vice versa. 3. MavilimW MavilimW is originally a support and resistance indicator based on fibonacci injected weighted moving averages. Strategy for MavilimW is is if the close crossovers T3 line and for at least five bars the close was under the T3 Hope you enjoy
Pine Script™ strategy
by bartua
4
One-Stop Trading SetupOne-Stop Trading Setup: This script designed to identify up, down, and sideways trends. 200 HMA, 9 EMA, PSAR, and ATR are used to identify the strength of any instrument. Candle Colors - Simpler approach to follow: Green color indicates for up side trade signals Red color indicates for down side trade signals Yellow color can be interpreted for stop, sideways, and counter trade trade signals Multiple Trade Setups: Green Zone - Trading green candles within green zone has better odds of long trades Red Zone - Trading red candles within red zone has better odds of short trades 200 HMA - Candles above 200 HMA mostly for long trades. Candles below 200 HMA usually for short trades. But the zone also very important to consider 9 EMA - Cross over above 200 HMA in Green zone, look for long trades. Cross over below 200 HMA in red zone, look for short trades PSAR - This can be used as potential initial warning sign. Also can be used to exit partial or wait for it goes to opposite side for taking trade decisions Candle Above all - If Green candle and above all the indicators, then very good sign of long side. If red candle and below all indicators, then very good sign of short side. Multiple Time Frame: This works very well with any instrument and on any time frame. Always its better to do analysis on multi time frame before entry, exit, and trade execution. Back test it with this setup and also observe it on live market. That will give edge in taking trade decisions. All the best and happy trading. Disclaimer: This script and setup is written with the sole purpose of identifying the strength of any instrument. Interpretation, trade decisions, and changing inputs are up to each individual users/trades.
Pine Script™ indicator
by pckalai
16
ATR Trailing Stop by ceyhunSame coding only coloring and information panel was added. CDC ATR Trailing Stop V2.1 (2013) //Barcolor Green = Trail1 > Trail2 and close > Trail2 and low > Trail2 Blue = Trail1 > Trail2 and close > Trail2 and low < Trail2 Red = Trail2 > Trail1 and close < Trail2 and high < Trail2 Yellow = Trail2 > Trail1 and close < Trail2 and high > Trail2 //It gives White color where there is deterioration. //InfoPanel Buy Price = Blue draws the circles at the purchase price. Profit Long>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish. Sell Price = Red draws the circles at the purchase price. Profit Short>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish.
Pine Script™ indicator
by ceyhun
49
Moving Stop Loss (Most) by ceyhunATR is an indicator that has been removed and replaced with a moving average.Bar colors and infopanel have been added. //Barcolor Green = ExMov > Most and close > Most and low > Most Blue = ExMov > Most and close > Most and low < Most Red = Most > ExMov and close < Most and high < Most Yellow = Most > ExMov and close < Most and high > Most //It gives White color where there is deterioration. //InfoPanel Buy Price = Blue draws the circles at the purchase price. Profit Long>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish. Sell Price = Red draws the circles at the purchase price. Profit Short>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish. ==Atr Original Code== CDC ATR Trailing Stop V2.1 (2013) ==Most Code== MOST by Anıl ÖZEKŞİ Barcolor Barcolor
Pine Script™ indicator
by ceyhun
17
Percent Trailing Stop (%) - For Study Scripts=========== Percent Trailing Stop (%) - { FOR STUDY SCRIPTS } =========== Wow - this is an example of how to implement Alerts relating to a Trailing Stop (%) within your Study Script. It's taken a bit of effort to get this working but I think we got there! Alerts include Open Long/Short, Trailing Stop Hit, and (the most important one) Movement of Trailing Stop! <- this is actually really quite good, by the way! :) You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT profitable and NOT recommended! You should be using this code as a way of adding a Trailing Stop to your own scripts - hope it helps! Set your "Open Long/Short" Alert to "Once per Bar Close" - Set your "Trailing Stop Hit" Alert to "Once per Bar" - Set your "Move TSL" Alert to "Once per Bar Close". - You're all done! Enjoy. ----------- Good Luck and Happy Trading!
Pine Script™ indicator
by theCrypster
11
Fixed Percent Stop Loss & Take Profit % - For Study Scripts=========== Fixed Percent Stop Loss & Take Profit % - { FOR STUDY SCRIPTS! } =========== A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price - This is for setting Alerts within your own Study Script for when either your SL or TP get hit. Yup, that's about it! You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT profitable and NOT recommended! You should be using this code as a way of adding Stops and Takes to your own scripts - hope it helps! Set your "Open Long/Short" Alerts to be triggered "Once per Bar Close" - Set your "SL/TP" Alerts to trigger "Once per Bar". -- We wrote this with a bit of a rush on! ~ If you spot any mistakes/bugs just let us know and we'll get round to them asap! ----------- Good Luck and Happy Trading!
Pine Script™ indicator
by theCrypster
49
2% StopThis indicator is simply based on the 2% rule, you must insert the entry point (the price at what you bought) by clicking the gear on the top left. If you see the chart different is becouse the default entry is set to 1 and but it fixes if you set the proper entry price. a little bit about the 2% rule : Following the 2% Rule will keep any loss in your account to a rela- tively small, livable size. The 2% Rule prohibits you from risking more than 2% of your account equity on any single trade. This Rule does not limit your position size—it only limits your risk. Of course, if you are planning to hold your position down to zero, then its maximum size would have to be capped at 2%. On the other hand, if you do a much more sensible thing and use a stop, your risk per share will decrease, and your permitted size will increase. The distance from your entry price to the stop level defines your maximum dollar risk per coin. The 2% Rule defines your maximum risk for the entire position. Knowing the risk per share and the total permitted risk makes it easy to calculate the maximum number of coins /shares you may trade. Credit about this idea goes to Dr Elder Alexander.
Pine Script™ indicator
by Biticon
High/Low stopFirst of all let me quote some important points : • You need stops; a trade without a stop is a gamble. • You need to know where you’ll put your stop before you enter a trade. • Everybody needs hard stops. • Whenever you change a stop, you may move it only in the direc- tion of the trade. There is a variety of techniques available to traders who like to use trailing stops: • You can use a multibar low as a trailing stop; for example, you can keep moving your stop to the lowest low of the last three bars (but never against your trade). • You can trail prices with a very short moving average and use its level for a trailing stop. • You can use a Chandelier stop—every time the market makes a new high, move the stop within a certain distance from the top— either a specific price range or a number based on an ATR (aver- age true range). Any time your stock makes a new high, you place your stop within that distance from the top, like hanging a chan- delier (this method is described in Come into My Trading Room). • You can use a Parabolic stop . • You can use a SafeZone stop . • You can use a Volatility-Drop stop (described below, for the first time in trading literature). • You can use a Time Stop to get out of your trade if it does not move within a certain time. For example, if you enter a day-trade and the stock does not move within 10 or 15 minutes, it is clearly not doing what you expected and it is best to scratch that trade. If you put on a swing trade which you expect to last several days, but then a week goes by and the stock is still flat, it is clearly not confirming your analysis and the safest action would be to get out. This is a summary taken from Dr Elder book and this indicator i coded from one of his book where he briefly mention this trailing stop technique but don't dive a lot into it, but still i found to be very effective. You can use even the short stop (the green dots) as an entry point.
Pine Script™ indicator
by Biticon
2
Percent Trailing Stop %=========== Percent Trailing Stop % =========== Another Stop Loss Indicator today - our last Fixed SL/TP script went down quite well, this one is for adding a Percent Trailing Stop from Entry Price to your own strategy. You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT profitable and NOT recommended! You should be using this code as a way of adding a % Trailing Stop to your own scripts - hope it helps! You should also notice that a generally considered losing strategy (a simple MA cross) could actually become profitable with careful money management - try combining this Trailing Stop script with our Fixed Stop/Take Profit script for really accurate management of your capital. ----------- Good Luck and Happy Trading!
Pine Script™ strategy
by theCrypster
7
Fixed Percent Stop Loss & Take Profit %=========== Fixed Percent Stop Loss & Take Profit % =========== A neat example of how to set up Fixed Stops and Take Profit as a percent of the entry price. Yup, that's about it! You can ignore the actual entry/exit orders - they're based on a simple MA cross and are therefore NOT relevant, NOT really profitable and NOT recommended! You should be using this code as a way of adding Stops and Takes to your own scripts - hope it helps! ----------- Good Luck and Happy Trading!
Pine Script™ strategy
by theCrypster
31
Profit and Stoploss CalculatorThis script is designed to display three stop loss areas to assist either with automation of risk management or identify and alert when price is in a range of a trade for risk to reward ratio. In this version there are three stop losses and 1 PT. Mainly because i will most likely only be using 1 of the SL to pair with the PT. Stoploss areas are displayed on both sides of the price for long and short calculations along with the two profit factors but the settings in the indicator it self apply to both sides in terms of percentage.
Pine Script™ indicator
by OHMOfficial
Efficient Trend Step ChannelIntroduction The efficient trend-step indicator is a trend indicator that make use of the efficiency ratio in order to adapt to the market trend strength, this indicator originally aimed to remain static during ranging states while fitting the price only when large variations occur. The trend step indicator family unlike most moving averages has a boxy appearance and could therefore not be classified as smooth, this makes it an indicator relatively uninteresting to use as input for other non-trending indicators such as oscillators. Today a channel indicator making use of the efficient trend-step is proposed, the indicator has an upper and a lower extremity who can be used for breakout or support and resistance methodologies, however we will see that the indicator is sometimes able to return accurate support and resistance levels. The Indicator The indicator has the same settings has the efficient trend step indicator, length control the period of the efficiency ratio, fast control the period of the rolling standard deviation used for trending states, slow control the period of the rolling standard deviation used for ranging states, fast should be lower than slow , if both are equal then the indicator is equal to the classical trend step indicator and length does no longer affect the indicator output. Lower values of fast/slow will make the indicator more reactive to small variations thus changing direction more often. The color changes you can see on the indicator are changed depending on the prior direction took by the indicator output, if the indicator where higher than its precedent value, then the color will be blue until the indicator is lower than its precedent value. Those colors help you have an estimate of the current trend direction. Channel Calculation And Role The extremities made from the efficient trend step allow for more advanced trading rules, they can act as stop/target level and can also give a rough estimate of the current market volatility, with wider extremities indicating a more volatile market. The extremities are made directly from the dev element used by the efficient trend-step, the upper extremity is made by summing the efficient trend step with the value of dev when the efficient trend step change, the lower extremity is made the same way but the value is subtracted instead. Is it a weird choice ? It sure is strange to see such approach, the absolute rolling average error between the price and the efficient trend step could have been a logical measure but using dev instead is more efficient and also allow for a more adaptive approach which can benefit the support and resistance methodology, the last reason is because i didn't wanted to "denature" the trend-step signature of the indicator. The figure above represent the measurement used for making the extremities (in green). Since the previously described measure change only when the efficient trend step change, we can conclude that such measure is representative of a relatively large variation, since the efficient trend step aim to only change when a large variations appear. We can see that the upper extremity acted as an accurate resistance in this upper variation of AMD, Here as well, however like other bands indicators it is safer to take into account the current trend direction, a strong uptrend will have less difficulties crossing the upper extremity, therefore it might be better to rely on the support (lower extremity) on an up-trending market (indicator in blue), and on the resistance (upper extremity) on an down-trending market (indicator in orange). The figure above show support and resistances signals, a cross represent a false signal, while green arrows represent correct ones with their respective direction. Conclusion The presented indicator add more possibilities to the interpretation of the efficient trend step, the extremities can act as stop/target level, however this use has to be controlled, and the level should be in accordance to your risk/reward ratio. Showcasing another trend-step indicator was a real pleasure. Thanks for reading :)
Pine Script™ indicator
by alexgrover
5