Cyato Grid Basic Buy & Sell [ALERTSETUP]
This Grid bot strategy creates buy orders when the price goes down one level or more, and sell order when the price goes up one level or more.
To avoid useless trades, the lastest traded level is disabled until another level is crossed.
To create the grid, one upper level and one lower level is calculated. Those 2 levels are either given by the user using "MANUAL" mode or automatically calculated by an AI. The space between these two levels are then divided equally into several steps, creating the grid. The number of steps is choosen by the user, from 3 to 20.
How it Works
This is the Alert Setup version meaning this is the one you should use to create alerts (more below).
Select either "MANUAL" or "AI" mode.
When using "MANUAL", you have to configure an upper level and a lower level.
When using "AI", the upper and lower level are automatically calculated from last swing high/low.
Select the grid quantity, from 3 to 20.
Example with 3:
Example with 10:
Example with 20:
Creating the Alerts
When opening the alert popup, select "Cyato Grid" in the condition.
Make sure to use the option "Once per bar close" in order to stay in sync with the graphics on chart. (Only use "Once per bar" if you really know what you are doing).
Available alerts:
- BUY : Buy alert. Green label on chart.
- SELL: Sell alert. Red label on chart.
To get this indicator, use the link in my signature below, thanks!
-The upper limit price is the maximum reached price over the latest seven days increased by 3%.
-The lower limit price is the lowest reached price over the latest seven days decreased by 3%.
+ Bug Fixes
"Once Per Bar Close" will wait candle close to confirm a trade.
"Once Per Bar" will trigger a trade if the price crossed a step anytime inside a candle. Note that the backtest will still use bar close price in its calculation.
+ Core behavior fixes
The up/lower step is now calculated using high/lowest of 100 bars of higher data, plus a percent increased range.
When the grid moves, the last traded level was reset when it should not.
You can turn it on/off (off by default)
Make the strategy close all orders if price breaks below step 0 which is one step below step 1
New ALERT: "STOP LOSS"
The highest step was misbehaving sometimes.
Max grid quantity plotted on chart increased to 56
That means grid steps above 56th will not be plotted (due to graphic limitations)
AI mode improved. An option was added to use the old AI mode if needed.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact cyatophilum directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact cyatophilum directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/