PIVOT EDGE - TREND GLIDEROne of the Biggest challenge in trading is to find the right trend and once we are in the right trend, holding on to winning trades is the next challenge. So this indicator addresses both these issues and helps you with
finding the right trend and also guide you and glide the trades till there is a change in trend by means of proper trend based candle color.
You can just look at the basic candle color as per the prevailing trend and be in the trend as long as the candle colors doesn't change. You need not worry or panic about the small pullbacks or retracements which is a normal
course of any trend continuation. Without this Indicator, in normal situation we would have ended our trades thinking the trend has changed and only to find that trend is again continuing and giving us more than 3-4 times reward after exit.
This Indicator is coded in such a way that no matter what may be the standard color of the candle, This Indicator will paint the candles to Green color in an Uptrend and it will paint the candles RED color in downtrend.
You can take entries as soon as you see the trend formation and wait till the trend is changed or the candle color is changed.
This indicator is intended for the use of newbies or Novice traders to give them confidence and also to guide them towards the proper trend so that they are not taking any counter trend trades.
This Indicator is also beneficial for experienced and master traders to keep them in trade and glide until there is a clear change in trend thereby riding their profits for longer time.
This is a Moving average crossover based strategy but slightly different in the computation where in I have used the customized PEMA values to suit most favorable win ratio.
The results are best when used for timeframe of 10 mins and above. Also you must know the basics of candle stick patterns and price action to take suitable entries and exit at favorable risk reward ratio.
Always do not wait for exit signal from the indicator. You can exit whenever you have gained decent profit and you can keep a trailing stop loss and lock in your profit.
This Indicator works on all Markets and all types of timeframes. Kindly do backtesting for atleast 2-3 months data before using it for live market. Also you must find out which stocks you wish to trade and check if this indicator works favorably for your scripts. The results might slightly vary on stocks
with high volatility.
Always look for the curve in trending up direction of trending down direction. Do not trade whenever the curve is flat and not inclined upside or downside.
Always trade with a suitable STOPLOSS in place and trade with less quantity till you find comfort and confidence with this Indicator.
Further updates to follow periodically. Incase you like this script, like it and share it to others too. Also take a look at the other scripts that I have published.
Happy Trading
Mohan
Profit
Crypto Risk Buddy - Lite: Position Size, SL & TP System [UTS]
Crypto Risk Buddy - Lite
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on crypto assets.
The 'Lite' version is limited to BTC as base currency.
₿ Cyptocurrencies
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculating your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Crypto Risk Buddy: Position Size, SL & TP System [UTS]
Crypto Risk Buddy
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on crypto assets.
₿ Cyptocurrencies
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculatig your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Arbitrage Sniper (POC)Good Morning Traders!
Today I want to share with you the proof-of-concept of how you would be able to do arbitrage with crypto pairs.
THE INDICATOR MUST BE PLACED ON THE TRADING PAIR OF THE TWO CURRENCIES (i.e. ETH/BTC, EOS/ETH etc.)
This arbitrage method is based on the transitional decorrelation between the crypto treding pair and the price ratio of the involved currencies, of course computing commissions as well.
Whenever the non-arbitrage condition is not respected, there is an arbitrage oportunity.
This indicator won't consider the chance of shorting, so if the arbitrage oportunity occurs the indicator will suggest you just the chance of buying the relative-undervalued currency (but inside the code you will know how to do the alternative method as well, by shorting the relative-overvalued currency)
Let's take the trading pair ETH/BTC (as in the graph) → if we assume commissions for the 0.075% of the order, the non-arbitrage condition will be presented like this
This arbitrage method will need three orders, so n=3
So let's assume that P(ETH)/(P(BTC)*P(ETH/BTC))>(1-0.075)^(-3) → it means that the price of Ethereum is currently overreated enough (relatively to the trading pair) for doing arbitrage.
We have two alternatives:
• Buy BTC, change it into ETH (by "buying" ETH in the trading pair ETH/BTC) and then sell ETH
• Sell ETH, buy BTC, change it into ETH (by "buying" ETH in the trading pair ETH/BTC)
On the other hand, if P(ETH)/(P(BTC)*P(ETH/BTC))<(1-0.075)^(-3) → it means that the price of Ethereum is currently underrared enough (relatively to the trading pair) for doing arbitrage.
We have two alternatives:
• Buy ETH, change it into BTC (by "selling" ETH in the trading pair ETH/BTC) and then sell BTC
• Sell BTC, buy ETH, change it into BTC (by "selling" ETH in the trading pair ETH/BTC)
I'm saying that is nothing more than a proof-of-concept since:
- Arbitrage Oportunities will emerge frequently just nearly zero commissions
- Data of prices are retrieved using security() function and there can be some delay (so the arbitrage oportunity will be already extinguished by the time the signal is retrieved)
- In order to have the freshest data, repiainting will occurr
Trend Catcher BotTrend analysis strategy with entry filters such as MACD and Tilson T3. It will look at possible entry points and it can use MACD or TilsonT3 filters to decide whether or not enter in a new trade.
Notes:
- Results include a 0.075% Fee.
- Simulated leverage of 5x.
- Initial Capital of $1000.
- Uses a max order size of $200k per trade (Leverage included).
- Stop loss of 1.15%.
- The stop loss is moved to 0.4% Profit once the Trade reaches 1.15% profit.
- All settings adjustable.
- Non Repainting.
PIVOT EDGE - The complete trading setup - LITEIntroduction to the Indicator " PIVOT EDGE - The complete trading setup - LITE "
The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed.Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries.
This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results.
The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES, FUTURES , OPTIONS , FOREX etc.
This indicator can be used for any exchange and any timezone also without any changes or adjustments needed.
Now let us understand the features of this Indicator in detail.
TIMEFRAME - It has options to choose between Day,week and month as timeframe. By default it is set to Day timeframe
DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally.
Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue.
we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue.
In addition I have coded intermediate target levels that appear in light gray between the extended levels or blue lines. Sometimes when the gap between these targets are huge, price cannot reach the targets and reverses at these intermediate targets. You can use them as targets or trailing stoploss based on your plan
DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only.
DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance.
PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curves are breached then the trend is reversed and the price will tend to move to the next pivots.
VALUE AREA - One of the most important feature of this Indicator is this which is derived from the Volume profile concepts. It indicates the fair value area Indicated by orange band and the upper and lower limits indicated by orange lines. Whenever the price is overvalued or undervalued, it is pushed back to its fair value and we can judge the present price position in relation to the value area and then take position in anticipation of the price reaching its fair value area. This must be coupled with price action for favorable results.
IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give.
If you have any doubts or need any clarifications of assistance in understanding, you can message me and i will try to help.
I will soon try to make a Video and explain the use of this indicator for better clarity and understanding.
Happy and Safe trading - Mohan from PIVOT EDGE
PROFIT MAKER |Crypto|ETH|BTC|YFI - SignalThis is the version with alerts of this strategy:
Description:
This is a trend-following strategy that works very well for many Crypto assets in the usd or usdt pair
It can be used for both futures and spot!
Some of the assets in which this strategy is proven are
Asset Exchange TF
BINANCE:ADAUSDT Binance 45m
BINANCE:BTCUSDT Binance 1h
BINANCE:YFIUSDT Binance 30m
BINANCE:DOTUSDT Binance 45m
BINANCE:ETHUSDT Binance 30m
BINANCE:LINKUSDT Binance 45m
BINANCE:DOGEUSDT Binance 1h
And many others..
What is this strategy based on?
It is a combination of various parameters, including
-RSI: The relative strength index ( RSI ) is a momentum indicator used in technical analysis that measures
the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
-MACD: Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows
the relationship between two moving averages of a security’s price.
-ADX: ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time.
-DMI: DMI is a moving average of range expansion over a given period (the default is 14 days). The positive directional
movement indicator ( +DMI ) measures how strongly price moves upward; the negative directional movement indicator ( -DMI )
measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears.
Included:
Different forms of Take profit, included:
Take profit on squeeze candles
Take profit based on Risk-Benefit (RR)
Take profit a pre-determined %.
Different forms of Stop Loss, including
ATR-based stop loss
Trail stop loss (with option to use a trigger)
Stop loss a pre-determined %.
For access you can send a message or consult in my social networks.
Links in my tradingview signature (below).
Examples:
The default configuration works very well for most pairs.
You just have to look for which time frame goes better with each one.
Recommended to try with 30m, 45m and 1 hour.
SmoothOps v1 - StudyThe purpose of this script was to fine tune an indicator on BTCUSDT . I think the results speak for themselves in the study version.
This is a script that uses the MACD to predict future price movement. The original MACD signal lags too much for my taste so I went searching for something that could give signals sooner. I decided a smooth macd would help filter out noise and grabbing the highest values and lowest values over the past number of bars. I spent several days backtesting different settings and combinations of signals to arrive at what you see now. This strategy has been fine tuned for BTC /USDT on Binance, so I suggest you only use it for that. Any other coin/pair and exchange will need a new backtest since the data will be different. This is not a generalized indicator like everything else. It's specifically good at one thing: prediction BTCUSDT on Binance.
I wanted to also add the histogram from the study version but there wasn't a good way to do that, so I came up with a visual solution using color transitions on the 168sma. When the color changes from blue to red it means the histogram is reversing.
I added forecasting to the moving averages to help people predict future movement so they can make decisions by something other than just a sign of when to buy/sell.
There is a transition prediction feature that blurs the macd signal to show when a reversal may occur before it happens.
I also added precitions into the indicator that show when there may be a possible bounce or major move because of a current squeeze in the moving averages.
And finally...
My biggest issue with indicators that other people sell is that they become visually deceptive when using supports and buy/sell signs. I came up with a solution that shows you exactly if you made profits during the trade or not. Hopefully this will inspire others to do something similar.
How to use:
Use only on BTCUSDT Binance.
Set the preset to the timeframe you want. I HIGHLY suggest only using the 1h timeframe. It gives the best profit over time.
Set the preset to custom if you want to try using your own settings.
You can change the source input if you want. ohlc4 usually works best for 1h.
Adjust the moving averages to your liking. You can also toggle the checkbox to completely remove them.
Turn on/off the forecasting of the moving averages.
Turn on/off the additional signals with the checkbox.
Transition prediction uses a blur variable to signal when the macd might be slowing down and reversing.
Bounce prediction and sensitivity tries to find possible reversal areas when price falls too fast or hits a specific moving average.
Macro signals just tries to show when price is above the 168moving average to get the macro trend.
Squeeze prediction indicates when a possible strong move may occur. Could go up or down though.
Show profit is my favorite part because it shows if you made profit during the last trade visually and non deceptively.
PROFIT MAKER |Crypto|ETH|BTC|YFIThis is a trend-following strategy that works very well for many Crypto assets in the usd or usdt pair
It can be used for both futures and spot!
Some of the assets in which this strategy is proven are
Asset Exchange TF
BINANCE:ADAUSDT Binance 45m
BINANCE:BTCUSDT Binance 1h
BINANCE:YFIUSDT Binance 30m
BINANCE:DOTUSDT Binance 45m
BINANCE:ETHUSDT Binance 30m
BINANCE:LINKUSDT Binance 45m
BINANCE:DOGEUSDT Binance 1h
And many others..
BINANCE:BTCUSDT
BINANCE:LINKUSDT
What is this strategy based on?
It is a combination of various parameters, including
-RSI: The relative strength index (RSI) is a momentum indicator used in technical analysis that measures
the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
-MACD: Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows
the relationship between two moving averages of a security’s price.
-ADX: ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time.
-DMI: DMI is a moving average of range expansion over a given period (the default is 14 days). The positive directional
movement indicator (+DMI) measures how strongly price moves upward; the negative directional movement indicator (-DMI)
measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears.
Included:
Different forms of Take profit, included:
Take profit on squeeze candles
Take profit based on Risk-Benefit (RR)
Take profit a pre-determined %.
Different forms of Stop Loss, including
ATR-based stop loss
Trail stop loss (with option to use a trigger)
Stop loss a pre-determined %.
**All trades include 0.1% of fees + slippage
** The statistics displayed are for the year 01-01-2020 and the period from 2021 to the date of publication (14-01-2020)
For access you can send a message or consult in my social networks.
Links in my tradingview signature (below).
Smoothed Trend Wave (Strategy)
This is a the Final version of Smooth Trend Wave
* Average Trend is show
* Calculation of different period of moving average
* Candlestick Pattern
* Background color is based on candle color.
Use Strategy Format to show back-test result. When I create this indicator is based on daily chart. (lower timeframe, result might be different)
7 type of strategy (can be select)
Strategy 1 & 2 : long/short according the trend
Strategy 3 & 4 : long/short according retracement in same trend
Strategy 5 & 6 : long/short bet for rebound
Strategy 7 : potential buying point (low chance happens)
Example of back-testing is use crypto between 1-1-2019 to 30-7-2020 (after JULY is a bullish momentum will causing *repaint" of strategy result)
* Strategy is set initial equity of 10000usd
* Each order is only 30% of equity, to make risk management
* Maximum 5 order is allow in strategy
Kindly PM or comment below if you have any question.
Scalping Strategy with SL and TP activation settingsThis strategy can be used on pretty much every timeframe that gives you a satisfying performance and will give you entries with a high probability of a winning trade.
Recommended are lower timeframes, because after all this is a scalping strategy and with that your chart wont be cluttered.
How to use this script?
Currently you can setup your positions SL and TP, because the markets vary in volatility it could improve the performance of the strategy.
You will simply get your signals and can decide to act upon them.
Stop loss: Simply your stop loss order which will trigger when price moves a given % away from your entry.
TP-Activation: When price reaches your % target it will trigger a stop limit order. So if price turns against your position after reaching your target it will close your position in profit and if it runs in your favoured direction it will trigger at a later stage.
Trailing-Offset-%: After reaching your % target it will trigger the TP order with an offset. So if you set your trailing offset to 0.1%, your TP order will be set behind 0.1 %. This can be used to test if the strategy would perform as well
if you leave more room for trades to play out.
Will this script make me profitable?
No strategy is a silver bullet and it depends mostly on you.
Trading is not easy and most people fail, because their risk management skills arent solid or they cant control their emotions.
This script will give you statistically often good entries, so even if you hit a losing streak your SL will protect you from losing more than necessary until you get a winning streak.
Patience and consistency is key to be profitable in the long run.
Does the script repaint?
Although you will get a notification when setting an alarm that the indicator may repaint, no security function is used and the signals will stay on the chart, because the signal is calculated based on the last candle close and will trigger with the next candle.
I am still looking into why that notification pops up.
You are free to try the indicator for a limited time to be sure.
My experience with the strategy
The overall statistical advantage is great. The strategy can be used simply as it is, but becomes better if you already have some experience with trading. Sometimes it will give you a good entry, reaches your target and the price still goes in your preferred direction. So your trading returns and experience could be improved with confluence, but it is totally fine as it is and if used right will help you get going.
Disclaimer: This is no financial advice. This is a tool and I am not responsible for your actions.
If you are interested in the indicator feel free to dm me on TradingView.
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
[BullShow] Gray_Hunter_Indicator_v1.0 - Legendary ProfitOver the past 10 years, the price of Bitcoin and cryptocurrency has been dominated by miners. However, since the coronavirus, as the money supply of each government increases and the value of the money decreases accordingly, institutional investors are increasingly intervening in the price of bitcoin. In particular, it is no exaggeration to say that the rise of Bitcoin in recent years was led by institutional investors.
Accordingly, in the past, the indicator of HashRate or Profitability of Mining was an important index for cryptocurrency investment, but now is the time to examine the investment movement of institutions.
This idea is an idea to follow the movement of institutional investors.
I created an index based on the correlation and disparity between the price of institutional investors and the price of bitcoin.
Accuracy increases after the corona, when institutional investors start buying in earnest.
There is no repainting on the chart.
If you are interested in my strategy, Use the link below to obtain access to this indicator or PM me to obtain access
Indicators are shared only with supporters.
Bless you and thanks all!
지난 10년동안 비트코인 및 암호화폐의 가격은 채굴자에 의해 좌지우지 되어 왔습니다. 그러나 코로나바이러스 이후 각 정부의 화폐 공급이 많아지고 그에 따라 화폐가치가 하락하면서 기관투자자의 개입이 조금씩 많아지고 있는 상황입니다. 특히 2020년 최근들어 비트코인의 상승은 기관투자자가 이끌었다고 해도 과언이 아닙니다.
이에따라 과거에는 HashRate 또는 Profitability of Mining의 지표가 암호화폐 투자에 있어서 큰 index였지만 이제는 기관의 투자동향을 보다 더 살펴야 할 때입니다.
그래서 오늘 소개 해 드리고 싶은 전략은 기관의 움직임을 추종하는 전략입니다.
기관투자자들의 매수가격과 비트코인가격의 상관관계 및 이격도를 가지고 지표를 만들었습니다.
기관 투자자들이 본격적으로 매수를 시작하는 코로나 이후 부터 정확도가 증가합니다.
차트에 리페인팅은 없습니다.
Indicator의 공유는 Supporter 분들에게만 해 드리고 있습니다.
축복합니다 언제나 승리하세요!
Indicator Information
* Indicator is only working on the time frame (not support D,W,M and Seconds)
* Initial indicator sets under 1 to buy, over 85 sell
* The accuracy and reliability of indicators rise sharply from 2020, From the point when institutional market intervention increases rapidly
* Other altcoins buy and sell at the same time frame as Bitcoin.
* 해당 인디케이터는 시간 범위에서만 작동합니다 (D, W, M 및 초는 지원하지 않음).
* 초기 지표셋팅은 1아래에서 매수, 85 이상에서 매도
* 지표의 정확성과 신뢰성은 기관의 시장 개입이 급격히 증가하는 2020 년부터 급격히 증가합니다.
* 다른 알트 코인은 비트 코인과 동시에 매매합니다.
Back Testing
Back testing start from 2020. 01 . 01
Initial_capital: 1000
percent_of_equity: 100%
Commission: 0.2%
Profit
BTCUSDT: 559.12%
ETHUSDT: 1675.08%
XRPUSDT: 1121.74%
XLMUSDT: 1003.23%
LINKUSDT: 2087.28%
LTCUSDT: 781.35%
BCHUSDT: 310.89%
BNBUSDT: 706.14%
XMRUSDT: 667.08%
DASHUSDT: 570.35%
TRXUSDT: 796.54%
ADAUSDT: 1352.74%
CIVICUSDT: 3259.17%
IOTAUSDT: 935.22%
WAVESUSDT: 4187.95%
MACD Strategy KMACK Rev 1.1Hull smoothed 45/10 macd
Please note that the macd/rsi values do not print unless the current day is Monday-Friday and the market will be open.
14 period hull smoothed rsi marks the rsi value at each macd reversal and will not signal a long position above 70 or a short position below 30
Macd and rsi will only display on the current day and will only display the last 2 hours
Lit candles occur after 0920 nyse time
Alerts or entries will only fire after 0931 nyse time
Entry signal will confirm with the 5 minute candle.
Long entry requires the current 5 minute candle to close>=hlc3
Short entry requires the current 5 minute candle to close<=hlc3
Buy/sell alerts will only fire in the last 10 seconds of the realtime (current) bar
Options:
Select bias
Modify macd lookback period(s)
Alerts:
Buy
Sell
Rsi crossing into the power region (60)
Rsi crossing into the weakness region (40)
Current strategy exits position upon signal opposite to selected bias, this is for simplicity.
There are currently no add-on strat signals but the alerts/lit candles will fire
Successful trades average >55% with an average profit factor of 3%
Net profit averages 3%
Max drawdown averages below 0.25%
Added order size input
Added show/hide strat signals. Still lights the bars green/red. Make sure your bar color setting in tv is set to a transparent color so you can see the bright reds and greens.
Added a couple lines of code that fire the alert/strat if macd reverses and the corresponding 5min candle does not agree and the following candle does agree. Added an average of 1.5% winning trades.
Message me for free trial access
TARI IRON CONDOR %Hi guys!
I give here some details about my new script.
It's a script to find the best opportunity to trade options, sotcks, etf, index, an ocean of securities!
It works it's best on Weekly time frame, and that's how I use it.
There are only 2 settings to do before to dive into the market:
Period: it means how many candles you want to trade before expiration.
Strike: it's where to sell the put and the call, as % of actual price.
It's easier to get it reading about my routine:
Monday morning I open the Weekly chart, I set "period" to match it with next expiring day (if next regular expires in 2 weeks I set period=2, if I prefer to trade a weekly option I can set "period=1"), and I set a Strike. "Strike" 10% means that the short legs must be placed +/-10% from Monday opening price ( we call this price just opening price). If Monday open is 100$ (opening price is 100), and I choose 7%Strike, the short put must be placed @ 93$, the short call @107$.
On the script you can find a green or a red histogram, when it appears it means that there is a good edge to trade iron condor.
On the right side of the indicator you will see the success rate for green and red signal. You can play with Strike to find the better odds, for exemple: XYZ with 10% strike gives 88% success ( so reward / risk ratio is (100-88)/88=12/88= 0.14), and all the trades that gives you by your broker platform a succes rate lower than 88% (that means RR higer than 0.14), is good for us!
So basically we know for each strike and each expiring date, on a given security, our odds by TARI CONDOR, we know our Reward / Risk ratio, and when the market pays more than what we see by the strategy, we have an edge.
If I find a good opportunity I jump on my broker platform and place an order. It's not always possible to find a decent RR, in thoese cases I place a pending order, so maybe after a few days it can be executed as the price moves closer to the wings. But we trade only if we have a real edge! I trade about 10 iron condors in a week.
Once the order has been executed it's time to manage the position, the rules are the basic rules for iron condor: if one candle cloes at the end of the week over one long strike we roll ( up the puts and down the calls) the side that is still in profit, until around the opening price, to collet more credit, raising our RR. If one spread is deep ITM we can close that side, lowering our max loss.
That's it. I will publish my trades over the next days, to better understand the power of this script.
By TARI CONDOR we can trade almost everityhing with options, having a good edge on our side, plus all the benefit in trading options instead trading stocks or etf (levarage is the most important).
Subscribe and Enjoy your wallet!
Tari
Profit Accumulator Relative VolatilityRelative Volatility Indicator
This is a support indicator to the Main Indicator which has also been published.
This indicator uses volatility to determine if the market is quiet, or trading sideways or if there is money in the market and the opportunity for a long or short signal. There is an adjustable bottom line (in this case 0.15) and anything near or below that would indicate that no trades should be taking place. Similarly, if the trend line is declining, this is another indication that any trades should not be taken.
The trend line as an adjustable maximum setting of 0.5 and an increasing trend line is indicative of volatility in the market and a long or short position should be considered. This indicator should be used with the other suite of indicators to provide confluence of the trade.
Whilst an actual alert function is not set for the indicator, the TradingView alert function can be used to trigger a message when the line crosses above 0.15.
I've been using this successfully on the one hour FX charts, but seems to work equally as well on higher or lower time frames (not less than 15min).
The other indicators which are part of the suite are shown on the website which is highlighted in my signature at the bottom of the page. Purchase of the main indicator gives access to the full suite of eight indicators. I use the other indicators to confirm the direction of the trade and to determine if I want to trade or not. I use it along with the 2min, 15min and 4hr timeframes to identify the best entry window and how long I'm likely to be in the trade.
Support can be provided via private message or in the comments below.
The links are provided below for access to the indicator.
ATR with Take and StopThis simple indicator will plot the take profit and stop loss values based on the ATR indicator.
It's possible to set how many times the ATR value will be applied to the closing price and
what trade type is used, Long or Short.
PS ATR VariantProfit Sniper ATR Variant v0.1 is completely new but based off of the Profit Sniper 3.0 you know and love :
The original SNIPER operates off two timeframes in parallel, your Trend Timeframe (Higher Timeframe concerned with identifying market up & down trends), and your Trade Timeframe (Lower Timeframe to actually trade Longs & Shorts in).
Within each timeframe, you can tailor your preference for waiting for either Stochastic Ribbon cross only, or Ribbon Cross followed by Chande Confirmation for that additional market structure confidence. Flags & Alerts will then provide you with numerous trading Long & Short trading opportunities per day.
You also have the option to trade with trend so the indicator will automatically flag & alert only Shorts in a Short trend, and Longs in a Long Trend.
This version has the ATR (Average True Range) Indicator incorporated, to give trend direction (only tke longs in long trend and vice versa) and some additional safety features using ATR values.
For access please send a DM
With some extra features. such as ATR ( Average True Range ) trade entry which measures market volatility by analysing the range of asset price during a specified period.
PS3X Pump n DumpA simple strategy that signals when price moves X amount over Y number of candles. Useful for identifying when to pause trading after a large move up or down
For access please send a DM
Swing Low Sweet ChariotI've been using this indicator now for the past few months and seen some very large profits as a result of it.
I've been using this successfully on the one hour FX charts, but seems to work equally as well on higher or lower time frames (not less than 30min).
I've added in some support and resistance functionality and plenty of settings to play with to fine tune to your strategy.
One of the main reasons that I've added in some support and resistance is that there are some times when an indicator is triggered very close to a S&R point then I may not take the trade.
Additionally to the indicator, I'll use trend lines, ADX and RSI to confirm the trend.
Alerts are set up for Long Entry, Short Entry, Long Exit and Short Exit.
Not that the exit points are approximate and won't hit the peaks, however they will prevent price retracement.
Offering 5-day free use of the indicator and then after that it will be £100/yr if you like the indicator. This will also cover all future updates.
Happy to answer any questions or send over other screenshots of currency pairs. Also happy to work with any other users if they have any ideas for improving (i.e. automated trend lines).
Cheers
Mike
TSI CCI Hull with profit$$$This is a modified version of @SeaSide420 TSI CCI Hull with profits exit on long and short order
ORIGINAL SCRIPT:
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Swing trading StrategyThis indicator based on capturing historical swing. It predicts future swing based on historical swing data. This is very useful for short term swing trading and gives best result on 30 minute chart.
PS3X Strategy TesterPS3X Strategy Tester is a completely new strategy built from the ground up as a successor to previous 1.0 and 2.0 versions of Profit Sniper.
Offering up huge improvements, including multiple position triggers, derived from Bollinger Bands and Chande Momentum as well as our own bespoke stochastic ribbons that provide trend pivots.
So how does it work?
PS3X Strategy Tester allows you to tailor your preference for waiting for either Stochastic Ribbon cross only, Ribbon Cross followed by Chande Confirmation, or Ribbon Cross followed by rising/falling MACD for additional market structure confidence.
Strategy exits can be configured to exit on % change of MACD histogram indicating a direction change, and additionally using our revolutionary "Profit Lockin" to provide a stepped lock in of profits according to your preferred risk strategy. Commision of 0.05% has been added to represent "limit in-market out" trading, but please tailor this again to your preferred trading approach.
If you would like access, please send me a PM.
