CMYK RMI TRIPLE Automated strategy by MVPMC

trendanalysis volumestudies movingaverage cmyk xiam autoview rmi automated mvpmc

▼ This is the strategy version of the script.

◊ Introduction
This script makes use of three RMI's, that indicate Overbought/Oversold on different timescales that correspond with Frequency’s that move the market.

◊ Origin
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down ticks from close to close, the Relative Momentum Index counts up and down ticks from the close relative to a close x number of days ago.
This results in an RSI that is smoother, and has another setting for fine tuning results.

This bot originated out of Project XIAM, an investigative script that outlined my approach towards Automated Trading Strategies.
Are you interested in writing bots yourself ? check out the beta version of this script.
It has many bugs, but also most of the Skeleton.

◊ Usage
This script is intended for Automated Trading with AUTOVIEW or TVAUTOTRADER, on the 1 minute chart.

◊ Features Summary

Overlay Mode
Indicator Mode
Three RMI's
Trend adjustment
Pyramiding
Ignore first entries
Take Profit
Stop Loss
Interval between Entries
Multiring Fix
Alert signal Seperation

◊ Community
Wanna try this script out ? need help resolving a problem ?

CMYK ::
AUTOVIEW ::
TRADINGVIEW UNOFFICIAL ::

◊ Setting up Autoview Alerts
Use the study version of this script, To set up The Alerts Autoview Picks up on.

The Signals to work with are :

Open 1 Long

Use this to open one Long Position.
With quantity being : /
Once per bar
Being larger than 0
Comment example : e=exchange b=long q=amount t=market

Open 1 Short

Use this to open one Short Position.
With quantity being : /
Once per bar
Being larger than 0
Comment example : e=exchange b=short q=amount t=market

Close1 Position

Use this to Close The amount of one Open Position.
With quantity* being : /
Once per bar
Being larger than 0
Comment example : e=exchange c=position q=amount t=market

*Beware when using a percental % quantity, instead of an absolute quantity.
Percental Quantities are based on the , Not
And will change in absolute value relative to the amount of open trades.

Close All positions

Use this to Close All Open Positions.
With quantity being :
Once per bar
Being larger than 0
Comment example : e=exchange c=position t=market

For the specific Syntax used in the comment of the alert, visit Autoview.

◊ Setting up TVAutotrader
Use the strategy version of this script, And load it into TVAT.

◊ Backtesting
Use the strategy version of this script for backtesting.

◊ Contact
Wanna try this script out ? need help resolving a problem ?

CMYK ::

Release Notes:

◊ Features Explained

Overlay Mode To view entry values and Alert signals.
Indicator Mode To view the inner workings.
Three RMI's with separately adjustable HIGH / LOW levels.
Trend adjustment Daily Upwards or Downwards trend ? This levels it !
Pyramiding Up to 9, because that’s more than enough.
Ignore first entries To get only the very best entries.
Take Profit For Locking in profits.
Stop Loss Failsafe to easy your mind.
Interval between Entries Makes sure Entries are spaced apart to ensure each entry represents a moment.
Multiring Fix No Jitter. If a signal fired it sticks to firing once, and doesn’t disappear mysteriously.
Alert signal Seperation When two or more Stoploss or Takeprofit signals happen simultaneously,
the close signal lengthens to the amount of signals
So the alert can be set up to close 1 per bar.
This allows you to use only 4 Alerts per Bot running.

Release Notes:

Disabled Function, until bug is found.

Release Notes:

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◊ Adjustments

New CMYK Colorspace.
Delay for entries on jumps.
Ignores Entries that are below initial entry, or below jump resistance value.
Altered settings for BTCUSD usage.

◊ Community
Looking for good settings ?
CMYK :: discord.gg/cbn628H

Release Notes:

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Rollback until update.

Release Notes:

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◊ Adjustments

Strategy Type Selection Margin/Regular
Updated Inputs layout
Added Beta Correction

MVPMC

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact MVPMC for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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