KAMA Strategy - Kaufman's Adaptive Moving AverageThis strategy combines Kaufman's Adaptive Moving Average for entry with optional KAMA, PSAR, and Trailing ATR stops for exits.
Kaufman's Adaptive Moving Average is, in my opinion, a gem among the plethora of indicators. It is underrated considering it offers a solution that intuitively makes a lot of sense. When I first read about it, it was a real 'aha!' moment. Look at the top, pink line. Notice how during trending times it follows the trend quickly and closely, but during choppy, non-trending periods, the KAMA stays absolutely flat? Interesting! To trade with it, we simply follow the direction the KAMA is pointing. Is it up? Go long. Is it down? Go short. Is it flat? Hold on.
How does it manage to quickly follow real trends like a fast EMA but ignore choppy conditions that would whipsaw a fast EMA back and forth? It analyses whether recent price moves are significant relative to recent noise and then adapts the length of the EMA window accordingly. If price movement is big compared to the recent noise, the EMA window gets smaller. If price movement is relatively small or average compared to the recent noise, the EMA window gets bigger. In practice it means:
The KAMA would be flat if a 20 point upwards move occurred during a period that has had, on average, regular 20 point moves BUT
the KAMA would point up if a 20 point move occurred during a period that has, on average, had moves of only around 5 points.
In other words, it's a slow EMA during choppy flat / quiet flat periods, and a fast EMA as soon as significant volatility occurs. Perfect!
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The Strategy
The strategy is more than just a KAMA indicator. It contains:
KAMA exit (optional)
ATR trailing stop loss exit (optional)
PSAR stop loss exit (optional)
KAMA filter for entry and exits
All features are adjustable in the strategy settings
The Technical Details:
Check out the strategy's 'Inputs' panel. The buy and sell signals are based on the 'KAMA 1' there.
KAMA 1: Length -- 14 is the default. This is the length of the window the KAMA looks back over. In this instance, it c
KAMA 1: Fast KAMA Length -- 2 is the default. This is the tightest the EMA length is allowed to get. It will tend towards this length when volatility is high.
KAMA 1: Slow KAMA Length -- 20 is the default. This is the biggest the EMA length is allowed to get. It will tend towards this length when volatility is low.
KAMA Filter
The strategy buys when the KAMA begins to point up and sells when the KAMA points down. Generally, the KAMA is very good at filtering out the noise itself - it will go flat during noisy/choppy periods. But to add another layer of safety, its author, Perry Kaufman, proposed a KAMA filter. It works by taking the standard deviation of returns over the length of the the 'KAMA 1: Length' I mentioned above and multiplying it by an 'Entry Filter' (1 by default) and 'Exit Filter' (0.5 by default). The entry condition to go long is that the KAMA is pointing up and and it moved up more than 1 x St. Dev. of Returns. The exit condition is when the KAMA is pointing down and it moved down by more than 0.5 x St. Dev. of Returns.
Thanks
Thanks to ChuckBanger, cheatcountry, millerrh, and racer8 for parts of the code. I was able to build upon their good work.
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I hope this strategy is helpful to you.
Do you have any thoughts, ideas, or questions? Let me know in the comments or send me a message! I'd be glad to help you out.
If you need an indicator or strategy to be built or customised for you, let me know! I'll be glad to help and it'll probably be cheaper than you think!
Average True Range (ATR)
Decomposed Average True RangeThis simple script decomposes the value of the Average True Range into a bullish component and a bearish component .
The script supports two plotting methods; Mirrored and Two Lines . If Mirrored is chosen, the indicator plots the bullish component as a positive number, and the bearish component as a negative number. If Two Lines is chosen, the indicator plots two lines, both of positive values. It is the same data, just visualized differently.
Side note: This is very similar to how the strength (average gain) part in the Relative Strength Index calculation works. However, the RSI uses the realized range (close - previous close) rather than true range. If we were to use the bullish component of the ATR as the average bullish gain part in the RSI calculation, and the bearish component of the ATR as the average bearish gain part in the RSI calculation, we would get very similar (but not equal) results to the standard RSI. This shows how the ATR and the RSI are related to each other.
MA, MATR, ChEx | All in One - 4CR CUPIn trade position setup, we always need to determine the market structure and manage the position sizing in a short period of decision time. Indicators such as moving average, initial stop loss and trailing stop loss are always helpful.
This indicator put all these handy tools into a single toolkit, which includes the following price action and risk management indicators:
MA - Moving Average
MATR - Moving Average less Average True Range
ChEx - Chandelier Exit
This script further enhances the setting so that you can easily customize the indicators.
For both the Moving Averages and the Moving Average less Average True Range , you can pick a type of moving average which suits your analysis style from a list of commonly used moving average formulations: namely, EMA , HMA , RMA, SMA and WMA , where EMA is selected as default.
The Moving Average less Average True Range , MATR, is usually applied as a reference to set the initial stop loss whenever opening a new position.
The abbreviation, MATR, is picked, so that this can serve as a handy reminder of a very good trading framework as elaborates as below:
M – Market Structure
A – Area of Value
T – Trigger
R – Risk Management (aka. Exit Strategy)
MA Candles Supertrend StrategySimple strategy which is derived by below method:
1. Calculate moving average of High, Low, Open and Close and make candles of them.
2. Derive supertrend on the moving average candles.
3. Generate buy and sell signals based on supertrend direction combined with higher timeframe high-low condition
Position Size Calculator - Fixed Dollar amount, point value ATRHello Traders,
A very simple code aiming to help you size your position, according to the amount you're accepting to lose AND the current volatility ATR.
Why is it important to use ATR size ? Markets move, and having fixed stoploss values will lead to getting stopped out in case of volatility increase.
You also need to size down your trades in case of more volatily, as more points can be taken or lost.
Hope it helps!
Kudos to Racer9 who inspired me :
ATR Stop PriceSet stop price and add-position price according to the cost and current ATR.
You may set an alert with the condition when the stock price crossing down the Stop Price.
Example:
stock price: $150
volatility multiple: 2
current ATR: $3
stop price = $150 - $3 * 2 = $144
add-position price = $150 + $3 * 2 / 2 = $153
HalfTrendA popular trend indicator based on ATR. Similar to the SuperTrend but uses a different trend's identification logic.
I am publishing a disclosed code without license. Remember that in the future you may see a lot of paid IO scripts called BuySellScalper, Trend Trader Karan, Trend Trader and etc (by other authors) which will be based on this script. I found the same script on Ebay for $10 with a free shipping. Beware, always check and follow one Russian wisdom: "Do not pay for something you can get for free".
ATR-DAY TRADER AHINSTEAD OF HAVING AN EXTRA TAB AT BOTTOM OF THE CHART THIS ATR DOES THE SAME WORK WITHOUT GIVING ANY ADDITIONAL TABS. IT JUST GIVES A VALUE AT THE LEFT HAND SIDE TOP, WHERE WE SEE ALL OUR INDICATOR SETTINGS DISPLAYED. AS ATR IS USED MAJORLY FOR SETTING UP PROPER STOPLOSS THE ONLY THING I PERSONALY NEED IN HANDY IS THE VALUE AT THE SIDE.
HOPE THAT THIS HELPS FOR MANY PEOPLE AROUND THERE WHO DO NOT WISH TO MAKE THE SCREEN COMPACT AND LOOK LOST WHILE TRADING BY ADDING TO MANY INDICATORS.
THANKS & REGARDS -
DAY TRADER AH
@HUZAIFA_786
G-ATR Box V.1Hello this is my new adapt indicator "G-ATR Box V.1"
It's just nearly normal ATR but I create in box color. My problem when I use ATR trailing stop my screen is not clean and when I use finonacci or trend line is hard to see.
How to use
Blue = Pre-buy : Waiting for another buy signal
Green = Buy : Holding the stock
Yellow = Weak uptrend : Waiting for Sell signal
Red = Sell
In this screen I compare G-ATR Box(above) with G-MACD color(below)
When the stock strong uptend all of G-ATR and G-MACD is very work and When weak uptrend G-ATR is action frist but beware Bear trap too
goodluck
Auto Position Sizing Risk RewardThe Auto Position Sizing Risk Reward indicator shows different Risk levels 1, 1.5, 2 and 3 based on your risk amount and uses an auto Stoploss level based on the ATR.
You can set the values for the "Note or Title", "Risk Amount", "Entry", "Target Price", "Stop Loss Distance", "Default Risk/Reward" and ATR settings.
The "auto" part comes into play when you haven't yet set an Entry value, which will make everything update according to the latest Closing price of the asset.
Once you set the Entry price, the Risk/Reward levels will stop updating their positions and stay in place. This allows you to dynamically see your potential Risk/Reward as the market progresses, as well as locking in your Risk/Reward levels once you are ready to enter a position.
Your Position Size as well as actual Stoploss level and Cost is displayed along with the other values in the textbox that floats next to the R/R levels.
This indicator was inspired by and relies heavily on the work done by zzzcrypto123 and NXT2017 in their indicators, but I felt that this version is unique enough to hopefully be of use to the general community.
I hope this helps you to trade better! Please feel free to improve it and provide suggestions.
Running Bound based on ATR multiplierThis script basically uses default ATR and then
Multiplies with ATR multiplier (3 for crypto and 2 for forex) - you can change the values from the settings if you like
Adds/subtracts from the current price
And tries to find a bound on both side of price
VBand StrategyVBand Strategy is simply used Vwap funcation and atr 14 for find the entry and exit points. This simple Strategy.
Low-ATR IndicatorWe often want to use a stop loss at a certain low - N*ATR,
But it is too troublesome to manually calculate a certain day low - ATR.
This indicator simply calculates it for you, by marking the value of day low - ATR.
By default the hardcoded ATR value is 0, which means "Uses the ATR at that day with configured look back period".
If you want to use a specific ATR value, e.g.
1) You want to set the stop loss using today's ATR but another day's day low (Very often)
2) You want to set the stop loss in another timeframe - N*ATR
You can type in the value of ATR into the "hardcoded ATR" field.
(Actually this should be the most used way)
ATR PercentageThis indicator plots ATR as percentage of close price. Also applying bollinger bands on it to visualize it is relatively high or low.
[JRL] ATR Pivot PointsThis indicator plots pivot points with support and resistance lines based on average true range (ATR). ATR is one of the best volatility and trading range predictors, so it can be very useful for finding confluence in any strategy.
Normalized Volatility IndicatorFrom an article by Rajesh Kayakkal:
"Early bear phase signals can help you get out of the market before it turns down. This indicator tells you how.
There are many ways to identify the trend of a financial market, the most common being the 200-day exponential moving average (Ema). When price is trending down below the 200-day Ema, the market is believed to be in a bear phase. If the market is trending up above the 200-day Ema, it is considered to be in a bull phase.
Since every indicator fails at times, I wanted to find other indicators to confirm a trend. In my quest for another indicator to determine the trend for the financial markets, I found the Cboe Volatility Index (Vix) to be a good indicator of the market direction. The Vix is calculated from the weighted average of the implied volatilities of various options on the Standard & Poor’s 500 index futures.
J. Welles Wilder’s average true range can also give an indication of the financial market trends; that is, when the market is in a bull phase, the average true range narrows, and when it is in a bear phase, the average true range expands. The normalized volatility indicator (Nvi) is based on this behavior.
Normalized volatility indicator (Nvi)
Average true range (Atr) varies depending on time. But how do we determine the phase of the financial market with Atr? Perhaps some type of ratio could give us a clue. A ratio presents a relationship of a quantity with respect to another. I did some research based on a ratio of the 64-day average true range and the end-of-day value of equity indexes such as the Standard & Poor’s 500 (Spx). I selected the 64-day period since it is close to the average number of trading days in a quarter. The ratio of the 64-day average true range and closing price does discount seasonal variations in the average true range and gives a single number that can be used to compare volatility of an instrument across many decades. I call this ratio the normalized volatility indicator.
I found an interesting correlation between Nvi and cycles of major equity market indexes. The formula for the Nvi is:
Nvi = 64 - Day average true range/End-of-day price * 100
The NVI gave advanced signals before the cyclical bear phase of SPX commenced in October 2000 and was almost on the spot with the bull phase that began in 2003 and the current secular bear market cycle, which started in November 2007."
Includes options to show inverse NVI and change the ATR length and smoothing.
Indicator - ATR Profit Loss - DGHi Traders,
This is an on chart indicator that can be used for setting take profit and stop losses very easily using the Average True Range Indicator (ATR). Using a volatility adjusted TP and SL will allow you to set your targets and losses based on market conditions. In the settings, you are able to adjust how much of a multiplier you require depending on your risk tolerance and strategy. For those that follow the NNFX method, the defult settings are preset to 1xATR TP and 1.5xATR SL.
How to use:
- For longs, 'isLong' box must be ticked, for shorts, this box is unticked
- For longs, green line is TP, red line is SL
- For shorts, red line is TP, green line is SL
Regards,
Dillon Grech
Profit MAX MTF HeatMapThis is a powerfull strategy which is made from combining 3 multi timeframes into one for profit max indicator
In this case we have daily, weekly and montly.
Our long conditions are the next ones :
if we have an uptrend on all 3 at the same time, we go long.
If we have a downtrend on all 3 of them at the same time we go short.
For exit, for long, as soon as one of the 3 converts into downtrend we exit the trade.
For exit, for short, as soon as one of the 3 converts into uptrend we exit the trade.
This tool can be used on all types of markets, and can also be changed the time frames.
Daily Open Strategy (DOS)DOS is a mean-reversal strategy that trades against the previous candle direction as long as it has body greater than the PrevRange paremeter.
Best results are obtained in GBP and AUD pairs on daily charts , but of course you can experiment with other assets and timeframes.
Strategy parameters include starting and ending dates, the previous candle range (raw value), the Stop Loss (SL, in pips, 200 = 20 pips) and the Take Profit (TP, in pips too).
ProjectionGreetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com).
This one is called Projection.
Projection is based off the same Principle as some of my other scripts, such as Trade Manager() and Price Predictor(). I use a simple concept using line.new() to define some potential Price Projections. From the Settings of the Indicator, you can access a couple different Pre-Set options.
Wide Parabola:
Skinny Parabola:
Straight Triangle:
ZigZag1:
ZigZag2:
I wanted to give a Special Thanks to @Pinecoders for the custom RoundToTick Function from Backtesting/Trading Engine --> ()
If you like Projection, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
User-Inputed Time Range & FibsGreetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com).
This one is called User-Inputed Time Range & Fibs.
The idea behind this script is to record the Range Highs and Lows of a User Defined Period, and plot potential Targets based on either Fibonacci Extensions or a Multiple of the Range Size. I created this originally for use with the US Session Initial Balance(From 9:30-10:30AM EST), however it can be set to any time period.
What is Initial Balance? In simple words, Initial Balance (IB) is the price data, which are formed during the first hour of a trading session. Activity of traders forms the so-called Initial Balance at this time. This concept was introduced for the first time by Peter Steidlmayer when he presented the market profile to traders(atas.net).
The IB is monitored as a break-out area for Range Extension traders. The IB High is also seen as an area of resistance and the IB Low as an area of support until it is broken(www.mypivots.com).
As a note, depending on the Time Zone you are in, you may need to manually add or subtract from the Timed Range to match the desired Time. For example in NY Eastern Time, I have to use 8:30-9:30AM to Capture the 9:30-10-30AM IB for ES and NQ. Similarly, I must use 14:30-15:30PM to Capture the 9:30-10-30AM IB for BTC. You will need to make adjustments based on the Time Zone you are located in.
I wanted to give a Special Thanks to @PineCoders for the Custom Rounding Function from Backtesting/Trading Engine--> (), Pinecoders.com for help with Tracking the Highs/Lows--> (www.pinecoders.com), and @TradeChartist for allowing me to use some of the code for the Fibonacci Extensions from his script here--> ().
If you like User-Inputed Time Range & Fibs, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
Price PredictorGreetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com).
This one is called Price Predictor.
How To Use Price Predictor
Price Predictor acquires potential targets by measuring the Average Change of Price from a user-defined resolution, from Open to Open. By default, the Resolution is set to 1 Day, however you can play around with Weekly, Monthly, etc. When a new resolution period begins, Price Predictor will automatically adjust based on the new Average Change of Price.
Due to the avoidance of Security() in this script, you may have to play around with the Timeframe that you use it in to ensure that you have enough bars on your chart to process the User-Defined Resolution.
The first Target Zone represents Target 5 of my other script, Trade Manager()(Given that you set the Target Multiple and Default Threshold Inputs as the same in each script), and is the most likely to be hit before the end of the resolution period.
In addition to a User-Defined Resolution, you also have the option of using a Custom Price to define Target Zones, however I'd recommend using my other script, Trade Manager(), if the volatility of the Instrument isn't too high.
I wanted to give a Special Thanks to @Pinecoders for the Custom RoundToTick Function from The Backtesting/Trading Engine --> (
If you like Price Predictor, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
