OPEN-SOURCE SCRIPT
Tarasenko System
Updated
Hello everyone. Today's script is a bit different from all other scripts, that I've build before, as it is not just a script - it is a full trading system. Well, it is actually still in development, but I want to share it with you to get feedback and hints to improve it.
Let's talk about the system itself:
First: it was originally built for trend trading, but now I've added option for choosing different MA types so there is now much more variety for trading with my system.
The idea behind:
I wanted to build a new tool that will show accurate enough trades to profit if not from a whole trend than at least from part of it's movement, so I decided to try smoothing existing MA types with each other to reach optimal perfomance. And I think I did, but let me know what you think in the comments(please).
Features:
+ Customisable periods and MA types for reaching optimal perfomance;
(MA can be used as SL and TP level)
+ Signals for better understanding what to do;
+ Inverted coloring option from switching to high sensitivity to low sensitivity;
+ Bar coloring;
+ Assistance:
That's it for now. Hope it was easy for you to grasp. I am planning develop a full system with different features to assist your trading and bringing best results.
If you have any questions, ideas, hints and etc., please submit them in the comments. I would be very grateful for you, if you will do this(seriously).
Hope you will find it usefull.
Good luck!
- Fyodor Tarasenko
Let's talk about the system itself:
First: it was originally built for trend trading, but now I've added option for choosing different MA types so there is now much more variety for trading with my system.
The idea behind:
I wanted to build a new tool that will show accurate enough trades to profit if not from a whole trend than at least from part of it's movement, so I decided to try smoothing existing MA types with each other to reach optimal perfomance. And I think I did, but let me know what you think in the comments(please).
Features:
+ Customisable periods and MA types for reaching optimal perfomance;
(MA can be used as SL and TP level)
+ Signals for better understanding what to do;
+ Inverted coloring option from switching to high sensitivity to low sensitivity;
+ Bar coloring;
+ Assistance:
- MFI: helps identifying rising powers of buyers and sellers;
- Accumulation/Distribution: similar to MFI by it's function to determine powers of buyers and sellers.
That's it for now. Hope it was easy for you to grasp. I am planning develop a full system with different features to assist your trading and bringing best results.
If you have any questions, ideas, hints and etc., please submit them in the comments. I would be very grateful for you, if you will do this(seriously).
Hope you will find it usefull.
Good luck!
- Fyodor Tarasenko
Release Notes
+ Price cloud.Release Notes
+ Alerts for main MA buy and sell signals.Release Notes
+ New MA type: Zero Lag SMA (ZLSMA);+ Disabling/Enabling main MA and cloud;
+ Alert condition for any(buy or sell) signal (good for people with no subscription, like myself);
Release Notes
+ Added Sideways detector(SWD). It's purpose is to help you understand when the market is going sideways. By default, when SWD detects sideways, it restricts T-System to produce signals. But you uncheck this restriction("Show T-System signals regardless of SWD data?") in settings. SWD is based on ATR, so sometimes you can lose nice signals when SWD detects fake sideways, but most part of the time SWD does a pretty good job, check it out.+ More documentation and tooltips.
Release Notes
+ Updated SWD: added two more layers of filtration: via volume and HL-technique. Meaning of colors:- Bright orange - any type of sideways movement(big, small and etc.);
- Dark orange - "medium" sideways;
- Gray - severe sideways: usually no movement at all, candle is thin.
+ Updated tooltips and parameters.
Release Notes
+ Added option for choosing layer filtration:- 1st layer - bright orange(deault, always on);
- 2nd layer - dark orange will appear;
- 3rd layer - gray will apper.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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.