Bollinger Bands Strategy with StopLossThis is the default Bollinger Bands Strategy with a small change to support Stop Loss.
The default built-int BBS does not support Stop Loss and using it may cause large losses, specially in margin trading.
Added inputs:
Source
Stop Loss Percentage
Centered Oscillators
Dominator Plus- Darshan HirparaThis script Tells you about the nature of the stock in multi time frame which you can modify in the settings.
Use this at your own comfort.
Divergence for Many Indicators v4 STHello Traders.
This is the Strategy version of Divergence for Many Indicators v4, an easy and comfortable indicator.
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*It's been modified a little bit from the original.
*I got permission from the original author.
*I'm not good at English, I'm sorry.
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< 4 things to check >
1. Since repainting is not performed, the first imprinted signal can be accurately seen.
2. It does not respond to continuous diversions.
3. If the opposite diversity is not imprinted, caution is required as it is designed not to indicate liquidation. Be careful when reading the figures shown in the strategy tester.
4. Added stop loss and take propirane.
< What changed? >
1. pivot period 5 - > 9
2. Money Flow index and Chaikin Money Flow are released.
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KOR SUB
< 4가지 확인 사항 >
1. 리페인팅이 없으므로 첫 번째로 각인된 신호를 정확히 볼 수 있습니다.
2. 연속된 다이버젼스에 대해서는 반응하지 않습니다.
3. 반대의 다이버젼스가 각인되지 않으면 청산 표시를 하지 않도록 설계되어 있으므로 주의를 요합니다.
4. 스탑 로스와 테이크 프로핏 항목을 추가하였습니다.
< 무엇이 변경되었나? >
1. 피봇 페리어드 값이 조금 수정되었습니다.
2. MFI & CMF 가 체크 해제된 상태입니다.
THANK YOU ^^
Bitcoin Movement vs. Coin's Movement MTFThis script tracks the percent change of Bitcoin vs. the percent change of the coin on the chart. Crypto markets are usually affected greatly by Bitcoin swings so being able to see if the given coin is trending above or below Bitcoin is useful market data. All choices made with this script are your own! Thanks.
[GB]Commodity Futures MapPuts numerous commodity futures on the same scale. The main function is RSI (without evoking "oversold/bought" concepts).
Reading the chart: Much like any oscillator, the important elements are:
Position relative to the middle
Slope
Momentum
Volatility
Settings:
RSI length
EMA smoothing
Time Frame (of the indicator, not the chart(
May add value when asking questions like:
Is lumber trending?
Is silver trending faster than gold?
Is the entire asset class trending up down or not at all?
Adding additional symbols is easy since the code for each symbol is identical.
Kzx PT mod v1.0 by RX-RAYKzx Position tracker mod v1.0 by RX-RAY
Original script by K-zax
The modification was made for the USDRUB ticker (the number of digits in the values of price, interest, lot volume and profit loss for other tickers may affect the positioning of the inscription, but it is fully operative and it may be used with other tickers )
Typical label view:
74.30 - ENTRY PRICE
+/-0.16% - % of price chang ( range +/-9.99)
20 - position value (range 0-99)
(S) - position type (L) - long (S) - short
+/-0017 - actual profit/loss in cash (range +/- 9999)
(All range value for correct label position,
but script mod can be used out off range)
List of additions and changes:
1. Added display of position value, short / long position type and profit / loss value (including broker commission).
2. Positive interest change now corresponds to profit, negative change in interest to loss in accordance with the type of position ( short/long )
3. The position of the inscription and the digits of the values are fixed and now insignificantly depends on the change in the time interval and the change in the scale of the graph and the change in data values and their signs.
4. Added changing the color of the inscription in the situation positive price change, but profit < commission fee. (critical gain).
ROC vs BTCThis is a modification of my Rate of Change Percentile script, used to compare the current ticker (e.g. Altcoins) to BTC.
Essentially we are looking at (Current Ticker ROC percentile) vs (Bitcoin ROC percentile).
In other words, we are using the ROC value of both the current ticker and BTC, and ranking each based on their previous ROC.
We compare the rankings to gauge the relative overperformance or underperformance of the current ticker vs BTC.
The blue line is BTC, the columns are the current ticker.
Green columns above the blue line indicate positive ROC and current ticker has higher ROC ranking than BTC.
Red columns below the blue line indicate negative ROC and current ticker has a higher ROC ranking than BTC.
*** PLEASE LEAVE A LIKE AND FOLLOW IF YOU ENJOY THE SCRIPT ***
Any questions, comments or feedback I'd love to hear from you below!
Median Convergence DivergenceIntroduction
The Median Convergence Divergence (MCD) is a derivative of the Moving Average Convergence Divergence (MACD). The difference is the change in the use of the measure of central tendency. In MACD, moving average (mean) is used, whereas, in MCD, the median is used instead. The purpose of using the median is to eliminate the outlying values, which would be calculated for a moving average. The outliers would affect the value of the moving average.
For example: 3, 5, 7, 8, 5, 4, 2, 1, 6, 21, 8. The data set average is 6.3, whereas the median value is 5. There is a difference of about 23% in the example. The reason is the outlying value '21' in the data set.
As the markets are volatile, outlying values can always emerge. A moving average will consider those values; on the other hand, the median will ignore. If the strategy calls for a tool to ignore the outliers, the Median Convergence Divergence would be a great centered oscillator.
The default values have changed to suit the current trading days in a week. When the MACD was introduced, there would be six trading days in a week. Therefore, it used 12 (2 weeks), 26(4 weeks), and 9 ( 1.5 weeks). But now that there are five trading days per week. The default values are adapted to them. Feel free to change them as per your wish.
Recommended Settings
The current settings are set to be used for the Daily Time Frame: 5 day period for the fast line, a 20 day period for the slow line, and a 10 day period for the signal line. (5 days represent a trading week, 10 days is two weeks, and 20 days is 4 weeks or a month)
For the weekly charts, use 4 week period for the fast line, 13 week period for the slow line, and 8 week period for the signal line. (4 weeks represent a month, 8 weeks is two months, and 13 weeks is 3 months or quarterly)
And for monthly charts, use 3 month period for the fast line, 12 month period for the slow line, and 6 month period for the signal line. (3 months is quarterly, 6 months is bi-yearly, and 12 month is yearly)
It'll be challenging to measure for intraday since there are many different timeframes within intraday. The settings mentioned above should also be customized as per the requirements of the trading strategy.
Strategy
The strategy application is the same as the MACD, i.e., Signal Line Crossovers, Zero Line Crossovers, and Divergence.
Signal Line Crossovers: When the MCD line crosses above the Signal line, it's a bullish crossover. When the MCD line crosses below the Signal line, it's a bearish crossover.
Zero Line Crossovers: It's a bullish crossover when the MCD line crosses above the Zero line. When the MCD line crosses below the Zero Line, it's a bearish crossover.
Divergence: When price shows a lower low, but MCD shows a higher low, it's a bullish divergence. When the price shows a higher high but MCD shows a lower high, it's a bearish divergence.
Using other indicators in conjunction with the Median Convergence Divergence is recommended to take entry and exit signals.
Williams %R & RSI with Multiple PeriodsDESCRIPTION
1. Calculates %R and RSI with multiple period lengths.
1 period length value is defined by User.
8 period length values follow User's selection of classic number sequences, e.g. Fibonacci, Leonardo, Lucas, Narayana, etc.
2. User selects which indicator and periods to display or hide.
DEFAULTS
%R default custom period: 10.
RSI default custom period: 14.
%R & RSI default number sequence periods: Lucas numbers 11, 18, 29, 47, 76, 123, 199, 322.
CALCULATIONS
%R = (period high - most recent period's close price)/(period high - period low)
RSI = 100 - 1 / (100 + RS), where RS = SMMA(up, period) / SMMA(down, period)
PURPOSE
1. Identify price trends.
CREDITS
1. Williams %R technical analysis momentum oscillator by Larry Williams.
2. Wilder's Relative Strength Index technical analysis momentum oscillator by J. Welles Wilder.
3. "Solarized" color scheme by Ethan Schoonover.
ROC PercentileRate Of Change Percentile calculates the current ROC (user defined length) as a percentile rank.
We use 2 separate arrays, one for all positive ROC values and one for all negative values within a defined lookback period. Then the current ROC value is compared to those arrays to find it's percentile ranking.
For example, a ranking of 75 means the ROC is in the 75th percentile of all POSITIVE ROC values over the lookback period.
A ranking of -80 is in the 80th percentile of all NEGATIVE ROC values over the lookback period.
Most ROC scripts use raw ROC values (or smoothed or otherwise altered), or have stochastic formula applied to them, I've not seen one that displays ROC as percentile ranking of previous positive/negative values.
What is the advantage?
Raw ROC data only gives half the picture. What we want to do is compare the ROC to previous ROC values, to give a sense of scale. Raw ROC values don't give you that context and you can only compare visually, usually limited to the number of bars you can see on your screen.
Using a percentile ranking gives us the context of current Rate of Change relative to the previous Rate of Change over a large lookback period, and not just visually but mathematically.
Why not using a long stochastic ROC? The problem with stochastics in general is that an outlier data point can ruin the data for the rest of the lookback period.
For example, imagine a huge outlier 8% ROC. The 2nd largest ROC is 4% and the 3rd largest is 2%, with all other values below this.
In this example, a stochastic ROC would display the 8% outlier as 100, the 4% as 50, the 2% as 25 and all other data would be squeezed down between 0-25.
Additionally, a value of 60 may have vastly different meaning depending on whether the lookback period contains a large outlier or not.
With a percentile ranking, that 8% outlier would still have a value of 100. But the 4% and 2% would be 99 and 98 respectively (this assumes 100 data points in the series, in reality values will usually be decimals).
This effectively flattens the curve and gives a more consistent and dependable experience, allowing you to more accurately assess the relative importance of the current ROC.
The line of circles is set at the 50 and -50 values for quick comparison.
Values > 50 represent ROC greater than 50% of previous positive ROC values.
Values < -50 represent ROC greater than 50% of previous negative ROC values.
OJLJ Elliott Waves detector (Free)This script is made to identify Elliot Waves by setting a zigzag line as principal source, it identifies patterns with the most common rules, in the chart you will see a number in each wave detected, a wave could have the characteristics to be two different waves so it will be plotted the options that could be, To identify which one is most trustable I suggest to use the Fibonacci levels options as an additional note this is a free update to my existing script.
Features:
+ All waves ? (Option to show just the 5 Wave patterns recognition)
+ Draw zigzag line (Option to show the zigzag line)
+ Supports Multiple instruments, from FOREX to Stocks
+ It works on all the timeframes
+ Show Fib levels (Option to show the Fibonacci levels)
+ Fibonacci levels fit test (Green crosses mark were should a Bull wave be to fit with a Fibonacci Level While the purple crosses show were should the wave fit to be a bear trend, the more closer with the point of the wave the most trustable Example, a 5 Wave Bull could also be a 2 Bear Wave, if the green cross is closer to the orange point of the wave then is a 5 Wave Bull, if the purple cross is closer to the orange point)
+ A background color also show when a 5 pattern is identified
+ The way to plot the zigzag can be changed with 3 Input options
Characteristics to add in future updates (Please if you like it you can support me with coins):
+ Detect more than 1 cycle at the same time
+ Use a volume indicator to identify how many volume was traded in each wave
+ Implement the use of the EWO ( Elliot Wave Oscillator)
+ Improve the display
+ Identify ABC patterns
+ Add triangles and Zigzag formations
RSI & CCi SIGNAlUsing the RSA cross-indicator at points 70 and 30
Using the CCI cross indicator at points 100 and -100
Simultaneous use of RSA or CCI signal or both
Exit at 0.5% profit
F&G_IndexIntroduction.
This indicator shows the behavior of Fear and Greed Index (F&G_Index) for the cryptocurrency market in an intuitive way for traders. This indicator has been modified from a script developed by @cptpat called "Fear and Greed Index FGI (Daily Update) alternative.me" (Tradingview user). The Fear and Greed Index values are taken directly from alternative.me.
The novelty of this proposal is to indicate the extreme levels (lower/upper) of the Fear and Greed Index according to a statistical analysis of the historical data. Also its daily update. It is not recommended to use in isolation. The appropriate way is in consensus with other indicators.
The extreme values.
Two upper and lower limits are established that correspond to the first standard deviation (1·SD) and 1.5 standard deviation (1.5·SD), respectively. These limits will help to know different important levels of greed or fear in the market based on real and historical data. The values obtained for each case are shown below, which will mark the extremes. These values may be modified in the future. If so, they will be updated and the community will be informed.
1·SD higher = 69 (F&G_Index).
1·SD lower = 24 (F&G_Index).
1.5·SD higher = 81 (F&G_Index).
1.5·SD lower = 12 (F&G_Index).
These limits are statistically significant and representative of extreme values of the Fear and Greed Index. Above all, for the case of 1.5·SD higher/lower, whose occurrence of the cases are significantly lower. These data are obtained for a daily record from August 2017 to December 2021, for a total of 1407 data. The occurrence of the Fear and Greed Index value exceeding the indicated levels is shown below.
F&G_Index > 1·SD higher (Greed). Occurrence <22,5%
F&G_Index < 1·SD lower (Fear). Occurrence <19%
1·SD lower < F&G_Index < 1·SD higher (Neutral). Occurrence ≈59%
F&G_Index > 1.5·SD higher (Extreme Greed). Occurrence <8%
F&G_Index < 1.5·SD lower (Extreme Fear). Occurrence <3%
How to use the indicator.
Its use is very simple and intuitive and is based on the levels indicated above. The blue line shows the historical value of F&G_Index. When the value of F&G_Index exceeds the levels indicated above, a vertical band of color will be tinted (brown/red, green/lime green or gray with transparency) as indicated below. This allows you to locate important areas in a very visual way.
F&G_Index > 1·SD higher (Greed). Brown color
F&G_Index < 1·SD lower (Fear). Green color.
1·SD lower < F&G_Index < 1·SD higher (Neutral). Gray color with transparency.
F&G_Index > 1.5·SD higher (Extreme Greed). Red color.
F&G_Index < 1.5·SD lower (Extreme Fear). Lime green color.
Image of the indicator.
EMA Cross + Divergence strategy (Div. signals by The Divergent)A sample strategy demonstrating the usage of The Divergent divergence indicator and The Divergent Library .
The Divergent is an advanced divergence indicator which you can easily incorporate into your own strategies.
In order to use this strategy (and to use the signals in your own strategy), you need to have the Pro version of The Divergent applied to your chart.
For more information, please see the comments inlined in the code.
3RSI 3CCI BB 5orders DCA strategy+This strategy is just an attempt to find the indicator values for the trading bot service that I use (link in profile). Due to the use of the “request.security” function in the code, the indicators can be redrawn, but this is not important in history. The strategy used only 5 orders for the "DCA" - bot, located at the same distance in the price overlap range. I only use this strategy when trading in pairs against bitcoin.
Эта стратегия – просто попытка подобрать значения индикаторов для сервиса торговых ботов, который я использую (ссылка в профиле). Из-за использования в коде функции «request.security» возможна перерисовка индикаторов, но на истории это не важно. В стратегии использовано всего 5 ордеров для «DCA» - бота, находящихся на одинаковом расстоянии в диапазоне перекрытия цены. Я использую данную стратегию только при торговле в парах к биткоину.
Wunderbit HRT BotWunderbit HRT is a proprietary indicator designed to find pivot points in the cryptocurrency market.
Working timeframes from 30 minutes and above.
The indicator is designed to create automated trading strategies using a webhook.
To create a cryptocurrency robot for this indicator, you need:
1. Create alerts and bind the URL to the webhook.
2. Link the Tradingview indicator to automation services.
For signals, alerts are used: LONG and SHORT
Recommendations for the indicator:
1. Use DSA technology for automation.
2. Be sure to disable the "multiple inputs" function.
3. Use an indicator with oscillators or MACD to confirm the entry point.
TASC 2022.01 Improved RSI w/Hann█ OVERVIEW
TASC's January 2022 edition Traders' Tips includes the "(Yet Another Improved) RSI Enhanced With Hann Windowing" article authored by John Ehlers. Once again John Ehlers revolutionizes the RSI indicator. This is TradingView's Pine Script code for the indicator.
█ CONCEPTS
By employing a Hann windowed finite impulse response filter ( FIR ), John Ehlers has enhanced the "Relative Strength Indicator" ( RSI ) to provide an improved oscillator with exceptional smoothness.
█ NOTES
Calculations
The method of calculations using "closes up" and "closes down" from Welles Wilder's RSI described in his 1978 book is still inherent to Ehlers enhanced formula. However, a finite impulse response (FIR) Hann windowing technique is employed following the closes up/down calculations instead of the original Wilder infinite impulse response averaging filter. The resulting oscillator waveform is confined between +/-1.0 with a 0.0 centerline regardless of chart interval, as opposed to Wilder's original formulation, which was confined between 0 and 100 with a centerline of 50. On any given trading timeframe, the value of Ehlers' enhanced RSI found above the centerline typically represents an overvalued region, while undervalued regions are typically found below the centerline.
Background
The original RSI indicator was designed by J. Welles Wilder and presented in his "New Concepts in Technical Trading Systems" book published in 1978.
Join TradingView!
High-Low IndexHello All,
High-Low Index is a breadth indicator based on Record High Percent (RHP). RHP is based on new 52-week highs and new 52-week lows. RHP => 100 * (new highs) / (new highs + new lows). High-Low Index is a 10-day Simple Moving Average of the RHP, which makes it a smoothed version of RHP. You can find many articles about High-Low Index on the net.
High-Low Index above 50 indicates that there are more new highs than new lows, and considered as Bullish.
High-Low Index below 50 indicates that there are more new lows than new highs, and considered as Bearish.
High-Low Index = 0 indicates there is no new highs (0% new highs).
High-Low Index = 100 indicates that there is at least 1 new high and no new lows.
and High-Low Index = 50 indicates that new highs and new lows is equal.
by default 40 cryptos are used in the script and shows High-Low Index for these cryptos. but you can change them as you wish. for example you can set all of them as stocks and see High-Low Index for these stocks.
You can set " Time frame " and the " Length " using the options. For example; if you set " Time frame " = 1 Week and the " Length " = 52 then it finds High-Low Index for 52weeks .
or another example; if you set " Time frame " = 1 Day and the " Length " = 22 the High-Low Indexn it finds High-Low Index for 22days.
You can enable/disable Record High Percent or Simple Moving Average of High-Low Index. Some traders use High-Low Index with its SMA, for example; High-Low Index generates a buy signal when it crosses above its moving average, and a sell signal when it crosses below its moving average.
Optionally you can see the securities in a table on the left bottom, you can change table size by usşng the options.
In the Table, for each security/cell;
=> if background is green then it has New High
=> if background is red then it has New Low
=> if background is gray then no New High, no New Low
=> if background is back then Data is not available for the security
As you can see in the screenshot below, the securities were changed and stocks are used instead of cryptos, so it calculates & shows High-Low Index for these stocks.
you can also find explanation in this screenshot:
Enjoy!
Two sided mean deviation Indicator [SQT]Description
The indicator aims at detecting up and down moves that deviate substantially from their respective means. The up and down means are calculated separately taking the last N up or down candles into account (Use N candles). Based on these means the upper and lower bounds are calculated by adding or subtracting the distributions standard deviation (Sigma bounds), multiplied by a user specified factor. After a substantial move, the bounds will either decay sharply to their mean after N up or down candles have passed (Decay: equally weighted) or gradually (Decay: age weighted, weight can be adjusted in the Pine script). The equally weighted decay is meant to model persistent memory whereas the age weighted decay models fading memory of the market over the last N up or down candles. The upper and lower bounds constitute the shaded area. The signal line is simply an EMA with length 3 of the sum of the last 3 percentage changes. These values can be adjusted from the Pine script directly.
Intended use
The signal line leaving the shaded area indicates a substantial move away from the respective mean under the given parameters. This might be interpreted as a signal for the price to revert back to it's mean during the following candles (mean reversion).
Markets
The indicator may be used on any timeseries that is expected to have mean reverting behaviour. Development was done on DERIBIT:BTCPERP using 5 minute candles.
Wicked signalsThis indicator plots an RSI based MACD, I find it easier to spot divergences on histogram.
Also, it looks for candlestick wicks and finds SOME local tops and bottoms. NOT ALL OF THEM, beware of that.
Use it in conjunction with other things, don't rely solely on this for trading
JC Log($/SMA)Simple script with user-definable:
• SMA denominator days.
• A handy and subtle smoothing function for the numerator, in EMA days. Set to 0 to just use the standard current price. (Defaults to 3 for barely noticeable lag and smoothing.)
• User-definable time resolution, independent of the chart. (Or you can set to use the same as the chart.)
Improved Percent Price Oscillator w/ Colored Candles[C2Trends]The Percent Price Oscillator(PPO) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. Similar to the Moving Average Convergence/Divergence(MACD), the PPO is comprised of a signal line, a histogram and a centerline. Signals are generated with signal line crossovers, centerline crossovers, and divergences. Because these signals are no different than those associated with MACD, this indicator can be read exactly as the MACD is read. The main differences between the PPO and MACD are: 1) PPO readings are not subject to the price level of the security. 2) PPO readings for different securities can be compared, even when there are large differences in the price. MACD readings for different securities cannot be compared when there are large differences in price.
PPO Calculations:
Percentage Price Oscillator(PPO): {(12-day EMA - 26-day EMA )/26-day EMA} x 100
Signal Line: 9-day EMA of PPO
PPO Histogram: PPO - Signal Line
iPPO includes everything from standard PPO plus:
1)Plots for PPO/Signal line crosses.
2)Plots for PPO/0 level crosses.
3)PPO/Signal line gap color fill.
4)PPO/0 level gap color fill.
4)Background fill for PPO/Signal line crosses.
5)Background fill for PPO/0 level crosses.
6)Price candles colored based on PPO indicator readings.
7)All plots, lines and fill colors can be turned on/off individually from the 'Input' tab of the iPPO indicator settings menu.
Indicator Notes:
1) When the green PPO line is above the 0 level, intermediate to long-term price momentum can be considered bullish(begins w/yellow cross, green background).
2) When the green PPO line is below the 0 level, intermeidate to long-term price momentum can be considered bearish(begins w/red cross, purple background).
3) Green PPO line above purple Signal line + both lines rising + both lines above 0 level = bullish short-term price momentum(begins w/green dot above 0 level, green highlight).
4) Green PPO line below purple Signal line + both lines falling + both lines above 0 level = loss of short-term bullish price momentum(begins w/purple dot above 0 level, purple highlight).
5) Green PPO line below purple Signal line + both lines falling + both lines below 0 level = bearish short-term price momentum(begins w/purple dot below 0 level, purple highlight).
6) Green PPO line above purple Signal line + both lines rising + both lines below 0 level = loss of short-term bearish price momentum(begins w/green dot below 0 level, green highlight).
7) Price candles are colored lime when the PPO line is above the Signal line and both lines are above the 0 level.
8) Price candles are colored green when the PPO line is below the Signal line and both lines are above the 0 level.
9) Price candles are colored fuschia when the PPO line is below the Signal line and both lines are below the 0 level.
10) Price candles are colored purple when the PPO line is above the Signal line and both lines are below the 0 level.
11) Price candles are colored gray when the green PPO line is within a set % of the 0 level. This value can be set manually in the indicator settings. The default value is 0.25% to ensure
smooth candle color transition between timeframes, charts, sectors and markets. Adjust value up or down if gray candles are absent or too abundant. Gray candles should mostly only appear
during periods of price consolidation(flat/sideways price movement), or just before a significant move up or down in price.
Trend Following with Donchian Channels and MACDThis is a trend following system based on the Donchian Channels. Instead of using a simple moving average crossover, this system uses the MACD as the trendfilter:
Long positions:
* Price makes a new 50 day high,
* The MACD-line crosses above or is above the Signal-line.
* Both the MACD and the Signal-lines are above the zero-line.
Short positions:
* Price makes a new 50 day low,
* The MACD-line crosses below or is below the Signal-line.
* Both the MACD and the Signal-lines are below the zero-line.
Stoploss:
The initial and the trailing stoploss are 4 ATRs away from the price.
