PlutusX BreakoutHello PlutusX Family,
We created this GBPUSD breakout strategy for you all. This strategy can be easily automated on your broker account. This strategy is SPECIFICALLY for people who have no time to stare at charts (like me), or do not necessarily want to learn technical analysis.
Currency Pair: GBPUSD
Time Frame: Any (H1 is better)
Trading Rules:
1- Open your chart on 08:00 AM (GMT), or 02:00AM MST.
2- This strategy will find Max & Min price to use for later, in addition to 2 t/p zones.
3- You have 2 numbers. Maximum Price & Minimum Price. Now should open 2 pending orders:
Buy Stop:
At: Maximum Price Line + 2 pips
T/P: 1st dotted line above the Maximum Price Line
T/P: 2nd dotted line above the Maximum Price Line
S/L: Minimum Price Line - 2 pips
Expiratory: Next trading day at 08:00 AM (GMT)
Sell Stop:
At: Minimum Price Line - 2 pips
T/P: 1st dotted line below the Minimum Price Line
T/P: 2nd dotted line below the Minimum Price Line
S/L: Maximum Price Line + 2 pips
Expiratory: Next trading day at 08:00 AM (GMT)
4- Now you can even turn off your computer and sleep. If any of above pending orders activated, let it touch T/P or S/L itself. It may take some hours or even some days. Please never close it manually.
Inactive pending orders will expire next trading day at 08:00 AM (GMT). At this time you should go to the first stage and repeat this cycle for the next day.
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I'd recommend that you use this in addition to your technical analysis. Be aware of fundamental news such as NON-Farm, FOMC, etc. Those news sources tend to create intense volatility in the FX market and could trigger buy & sell orders simultaneously. In which, I'd suggest a technique called fading. Video on that soon.
Now that my TED Talk is over on blockchain I can be more active with the trading series and technical analysis.
Be sure to use the PlutusX EMA script that I created for BTC as well.
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I created this script as a "study" with TV so that means there are now values assigned to W/L ratio or P/L. However, you can easily visualize the P/L and W/L ratio and from our count, we are experiencing a 73% win ratio with ~120% gains YoY. Not bad for an easily automated strategy.
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ATTENTION
We are not accountable for the loss that may occur from using this strategy. This is merely a tool for your trading arsenal. Trading involves risk to lose some or all of your money. Past results are NOT indicative of future returns. Trade carefully my friends.
X-volume
Volume Oscillator Divergence PointerThis script points regular and optionally hidden types of bullish and bearish Volume Oscillator divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
Note : This is not a highly accurate indicator. You can use it with other indicators for confirmation.
Relative Volume - VPA / VSA / Better VolumeVolume is important.
Volume is VERY important.
But all the existing methods of volume analysis and order flow analysis fall into the same trap: they're all extremely complicated, hard to learn, and difficult for the human brain to distill down to an actual, tradable signal.
The Relative Volume Gradient Paintbars indicator seeks to address this issue by reducing and simplifying concepts from Volume Price Analaysis (VPA), Volume Spread Analysis (VSA), and Market Profile / Volume Profile into a single indication with varying levels of intensity. Rather than adding more complex symbology and cluttering up your charts with arrows and signals and lines as many volume indicators do, relative volume intuitively takes advantage of the dimension of color, and plays to your brain's automatic recognition of color intensity to highlight areas of interest on a chart where large volumes are being traded. These areas can in turn point out levels of support and resistance, or show strength in a move, exposing the actions of larger market participants that are behind a move.
The Relative Volume indicator can calculate based on a time-segmented / time-based / bar-specific average of volume, adjusting for some of the typical spikes in volume that happen at the beginning and end of a trading day; Or it can be calculated based on any length and type of moving average of volume that is desired: simple, exponential, weighted, Wilders, price-weighted, Hull, or TEMA.
This indicator does more than just normal relative share volume. It can also do relative volume-per-range. The idea behind this setting is that when more volume is being traded but very little movement is happening, this can indicate substantial support or resistance, where a lot of trades are likely being absorbed by larger operators. You can choose your own range calculation for this setting, whether you prefer True Range, high-low range, candle body range, close to close range, or any of several other custom settings.
Moreover, the levels or thresholds at which the color intensity changes are completely user-controlled, so you can adjust them upward to tune out more noise, or downward to increase the level of sensitivity. In addition, all of the colors for each of the thresholds are completely user-controlled.
We hope to see TradingView add support for Richard Arms' CandleVolume or Equivolume before too long, as well as Tick Volume or Trade Count Volume data, all of which can add a lot of power to this method of trading.
Manipulation IndicatorThis indicator is based on SMA, EMA, Volume, Price Action and more! All in order to find where the BIG BEARS & BIG BULLS are at! This big fishes are able to add huge ammounts of volume in the direction they want, and move the prices. Fact is this indicator shows if the big fish is either a bull or a bear, best entries, targets, exits, and more!
Trade with the trend, not against it
Emiliano Mesa Uribe
Inquires: emilianomesauribe2000@live.com
How it Works?
When the oscillator turns the background red a BIG BEAR has been found. When it turns Green a powerfull bull has been found, furthermore the blue histogram shows high ammount of volume.
The indicator has been tested on 5 min stocks. And with the default values.
JSE Wyckoff Wave Volume Code// The Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE).
// The JSE Wyckoff Wave is in a separate code. This is the code for the volume of the wave. Please see code for the JSE Wyckoff Wave which goes with this indicator.
//
// The Wave presents a normalized price for the 10 selected stocks (An Index for the 10 stocks).
// The theory is to select stocks that are widely held, market leaders, actively traded and participate in important market moves.
// This is only my attempt to select 10 stocks and a different selection can be made.
// I am not certain how SMI determine their weightings but what I have done it to equalize the Rand value of the stock volumne so that moves are of equal magnitude.
// The then provides a view of the overall condition of the market and volume flow in the market.
//
// I have used the September 2018 price to normalize the stock price for the 10 selected stocks based. The stocks and weightings can be changed periodically depending on the performance and leadership.
//
// Please, let me know if there is a better work around this.
The stocks and their weightings are:
"JSE:BTI"/0.79
"JSE:SHP"/2.87
"JSE:NPN"/0.18
"JSE:AGL"/1.96
"JSE:SOL"/1.0
"JSE:CFR"/4.42
"JSE:MND"/1.40
"JSE:MTN"/7.63
"JSE:SLM"/7.29
"JSE:FSR"/8.25
RefreshAssistantDraws faint orange vertical lines behind bars, for non-refreshed non-historical forward-tested bars. Value is equal to volume of a certain historical bar, for testing purposes.
[frac] Flowrate StrategyThis script employs an algorithm to assess the net volume traded. Entry and exit signals are a function of the MA crossovers. The default settings produce extremely strong results on 4hr charts. Alternative settings set to EMA and a 233 Channel Length also produce very encouraging results on higher resolution timeframes, specifically the 15m-1hr.
pipe_finder. Reversal Indicator for Pipe Top & Bottom Patterns.Simple indicator to find pipe bottom and top patterns.
Definition:
- Pipe Bottom:
- Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y"
- The previous candle is red and the current candle is green
- Trend Definition - (Trend for EMA length 'z" has a slope less than 0 or pointed downwards)
- The average of the current and previous candle's volume is greater than the average volume for the last "n" candles.
- Pipe Top:
- Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y"
- The previous candle is green and the current candle is red
- Trend Definition - (Trend for EMA length 'z" has a slope greater than 0 or pointed upwards)
- The average of the current and previous candle's volume is greater than the average volume for the last "n" candles.
Settings:
Sensitivity: How thick do the pipe candles have to be? (Greater sensitivity = more alerts)
Candle Thickness Average Period: The number of past candles used for measuring the average body size of candlestick.
Filter EMA Length: Length of the EMA used to filter between bull trends and bear trends.
Volume EMA Length: Length of the volume EMA.
BTC Turn Over Rate (Multi-Exchange) [v2018-08-22]Turnover rate is used to judge the period when the main chip is concentrated and dispersed.
BTC Avarage Volume Indicator 2This indicator shows that volume and candle color of "BTC" pairs on one of the top 4 "BTC" exchanges.
You can easily see the volumes and candle color for "BTC" trading.
* Currently, this indicator can be used by selected people in order to complete private beta test.
* Once testing is completed, this indicator can be purchased.
* If you'd like to use this, please "DM" me and I will provide PayPal information.
About Inputs
* Default Ticker IDs are set as "BITMEX:XBT", "BITFINEX:BTCUSD", "BITFLYER:BTCJPY" and "BINANCE:BTCUSDT".
* Ticker ID can be changed.
* Ticker Label Color can be changed.
* Scale Value Of Sum Of Other Volume can be changed. See the following Important Notice.
* Ticker Label Color can be changed depending on theme color.
* Show/Hide warning(Show=0, Hide=100) can be changed. See the following Important Notice.
* Interval (Timeframe) can be changed depending on timeframe of current chart.
Specification
* barmerge is set as barmerge.gaps_off and barmerge.lookahead_off for every calculation.
Important Notice
* Volume of some exchange is over 100x times compared to other volumes. In this case, value of column chars is manipulated since other column chars come to be invisible and warning will be displayed on the right side of last chart.
* Manipulated column charts is calculated as sum of other volumes by scale which can be changed from "Scale Value Of Sum Of Other Volume" on Inputs
(JS) RSI Divergence Volume Weighted (v1.0)This indicator is meant to expand upon the current RSI format by adding more variables into the equation. The standard RSI is based off one value that you select (open, close, OHLC4, HLC3, etc.) while this version takes 3 variables into account. 1st - it takes the standard variable that RSI normally uses. 2nd - it factors RSI divergence into the plot by taking the RSI movement % and price movement % to form a ratio. Using this ratio, I duplicated the RSI formula and created a divergence RS to be factored in with the standard price RS. And finally, the 3rd variable is Relative Volume (which I have made adjustable). When calculating for the average up and average down numbers needed to form RS in the original equation, this indicator multiplies the appropriate average based on if it's a green or red day (going into the divergence RS, not the original one). On green days, the green average is multiplied by the relative volume, and on red days, the red average is multiplied by relative volume. What this does, is add to moves with confirmation volume and make moves on no volume weaker - rendering a more precise and effective result. I plan on adding to this, but this is my 1st indicator I've published, so Ihope you enjoy it.
Dumb Indicator - Price rate / Volume - Future I search for a way to help prevent the movements on Bitcoin, and I think this helps a lot.
I just use price variation and volume to calculate this.
I didn't find any similar soo, I create this.
Good luck!
VWMA + SMA BBollinger + RSI Strategy (ChartArt) mod by BiO618This is a script I remade from the original ChartArt's "CA_RSI_Bolling_Strat".
I added a VWMA following the SMA basis curve.
BBand was made with the SMA curve, +2DS.
The point of adding VWMA to the script is to get a fast correlation between price change and volume change.
How to interpret it:
Since 3-Intervals-VWMA = (P1*V1 + P2*V2 + P3*V3) / (V1+V2+V3)
As the volume grows, VWMA get smaller.
If the price goes to the upper band, and the VWMA follows it, Price grew more than Volume, and a correction would happen soon.
If the price goes to the lower band, and the VWMA follows it, Price dipped with a lot of Volume, and a continuation of trend would be expected.
If the price goes to the upper band, and the VWMA stays close to SMA, Price grew with a correspondient Volume, and the continuation of trend would be expected.
If the price goes to the lower band, and the VWMA stays close to SMA, Price dipped with low Volume, a correction would happen soon.
Remember that NO INDICATOR is flawless, support your interpretation with other indicators like RSI and MACD.
Hope you enjoy it!
φ!
RSI-cumulative net volume as MACDSo here in this model I take the RSI-cumulative net volume and convert it to MACD
I think it look nicer then original but it just idea:)
for different time frame just change setting:)
Volume Weighted MACD + x-SignalingThis is a script I remade from 2 previous TDuser's scripts.
Thanks community for sharing, I hope you find it useful.
φ!
Volume Weighted MACD + CrossingOver SignalsThis is a script I remade from 2 previous TDuser's scripts.
Thanks community for sharing, I hope you find it useful.
φ!
Impulse Volume Emiliano Mesa OscillatorThe impulse volume overlay, is the 1st part of my 2 part volume impulse indicator. The indicator has the sole purpose of measurearing a signifcant increase in the volume of either sellers or buyers and with the the help of a signal line suggest when there is an impulse in any of them.
How it works:
Yellow == No impulse... Market will most probably follow the trend
Red == Market has a seller increase
Lime == Market has a buyer increase
I DO NOT TAKE RESPONSABLITY FOR LOSSES. USE INDICATOR UNDER YOUR OWN RISK
Impulse Volume Emiliano Mesa OverlayThe impulse volume overlay, is the 2nd part of my 2 part volume impulse indicator. The indicator has the sole purpose of measurearing a signifcant increase in the volume of either sellers or buyers and with the the help of several EMA lines giving perfect entries. Results are very promising even in FOREX market... For now it has only been tested in 5 min charts.
How it works:
1) Check either if the price is in a down or up trend. So if the price is under both 100 and 200 EMA its down, and viceversa
2) If you have a down trend, wait for the overlay indicator to highlight the bars green, when the highlight stops enter a selling position, it is suggested you calculate your stop loss with the ATR. If the trend was going up, do the same with the red highlight.
3) Exit position when you feel like it, furthermore a trailing stop is suggested in order to maximize profit.
I DO NOT TAKE ANY RESPONSABILITY FOR LOSSES. USE INDICATOR UNDER YOUR OWN RISK.
Delta Volume v2, by AlexIncHere is my new version of exponentially-attinuated volume based indicator, which can be used for confirmation of other signals.
Volume Plus (Volume+)View Total Volume, Bull Volume, and/or Bear Volume. View Volume Effectiveness to reveal how Volume has effected the price. View the Moving Average of any of the above metrics, selecting one or more types of moving averages(SMA, EMA, RMA, SWMA, VWMA, WMA, or ALMA). Create nearly infinite crossovers by activating the Secondary Moving Average and choosing a longer or shorter Length. Use the highlighter to quickly filter out noise and focus the events you're searching for, by choosing one or more highlight-scenarios from the Highlighting Menu. Use the Average Amplifier to fine tune your Highlighting results.
Use as an ordinary Volume Indicator
Show the Bullish volume within Total Volume
Show the Bearish volume within Total Volume
Show the Bullish and Bearish volume simultaneously within Total Volume
Create crossovers like this one, Bullish Volume Average with Bearish Volume Average
Show the gas mileage of volume, the Volume Effectiveness
Create crossovers like this, Volume Effectiveness 14 with Volume Effectiveness 60
Use Amplifiers to show things that are usually out of scale with one another, like Volume Effectiveness with Volume
Use the Highlighter to show anything, like here, when Bearish Volume was above average AND Volume Effectiveness was under average
From left to right, the Indicator Values are as follows:
1) Total True Volume (red, green, or gray when viewed alongside Bulls/Bears)
2) Volume Winner - Bulls v/s Bears (red or green)
3) Volume Loser - Bulls v/s Bears (red or green)
4) Volume Effectiveness (blue)
5) Design Spacer - Ignore This (green)
6) Design Spacer - Ignore This (red)
7) Total True Volume Primary Moving Average (dark gray)
8) Total True Volume Secondary Moving Average (dark gray)
9) Inferred Bullish Volume Primary Moving Average (dark green)
10) Inferred Bullish Volume Secondary Moving Average (dark green)
11) Inferred Bearish Volume Primary Moving Average (dark red)
12) Inferred Bearish Volume Secondary Moving Average (dark red)
13) Volume Effectiveness Primary Moving Average (blue)
14) Volume Effectiveness Secondary Moving Average (blue)
Click the sprocket and you'll find the following settings (which are explained below):
Total True Volume - This is your everyday, ordinary volume indicator, a total sum of the volume from each candle.
Inferred Bullish Volume - This subtracts Bearish Volume out of the Total True Volume. But without the bull-volume data from the exchange, we can only forensically infer the bullish volume by evaluating OHLC data to guess what ratio of upward v/s downward movement happened within the candle.
Inferred Bearish Volume - This subtracts Bullish Volume out of the Total True Volume. But without the bear-volume data from the exchange, we can only forensically infer the bearish volume by evaluating OHLC data to guess what ratio of downward v/s upward movement happened within the candle.
Volume Effectiveness - This shows how much price movement occurred for each unit of Volume, by dividing the Price Change of each candle by the Total True Volume of each candle. If this volume were gas-mileage, then Volume would be the gas and Price would be the mileage.
• Inferred Effectiveness - Rather than using the Price Change divided by the Total True Volume, this method of determining Volume Effectiveness uses the Total Price-Mileage divided by the Total True Volume. The Total Price-Mileage is determined by figuring the high minus low, the wick times two, and the tail times two, and ad
Volume spread for VSAThis indicator tells us whether the volume is ultrahigh volume,high volume, low volume or average volume. These volume has to be used along with price spread.
Wait for the VSA indicator it will be released in one month.
