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Moving average system which waits for a better entryWait for a better entry： A simple way to improve the relevant conditions is to wait for a better price than the system signal. One obvious problem is that when prices give a new signal and move on, you don't have a chance to enter the market at a better price. Statistically, a lot of small improvements may offset the chance that the deal was completely missed. In order to avoid missing the worst case of maximum profit, if there is no trading opportunity within 5 days, we can enter into the market at the closing and if there is no opportunity, the deal will end on day 5.
Pine Script™ strategy
by dongyun
RSI-MTF-Histo-EntryThis indicator gives a histogram of RSI in relation to an ema of the RSI. The histogram is then smoothed to reduce false signals. The actualiteit RSI line with overbought/overvols signals can be added or omitted as preferred. The background can be color coded if the RSI is above or below 50. Version 2. Added support for MTF. Longer timesframes (1h-3h) tend to give better entry results. As an example the indicator was added two times, one for the current timeframe and one for a longer timeframe.
Pine Script™ indicator
by Duyck
6
MULTIPLE TIME-FRAME STRATEGY(TREND, MOMENTUM, ENTRY) Hey everyone, this is one strategy that I have found profitable over time. It is a multiple time frame strategy that utilizes 3 time-frames. Highest time-frame is the trend, medium time-frame is the momentum and short time-frame is the entry point. Long Term: - If closed candle is above entry then we are looking for longs, otherwise we are looking for shorts Medium Term: - If Stoch SmoothK is above or below SmoothK and the momentum matches long term trend then we look for entries. Short Term: - If a moving average crossover(long)/crossunder(short) occurs then place a trade in the direction of the trend. Close Trade: - Trade is closed when the Medium term SmoothK Crosses under/above SmoothD. You can mess with the settings to get the best Profit Factor / Percent Profit that matches your plan. Best of luck!
Pine Script™ strategy
by tux
4
T3 Entry and ExitI made this indicator to give clear entry and exit signals plus give signals when I should add onto my trades with no repainting!! The bottom indicator is set to 34 (the default settings). This gives me my entries and exits as shown by the green and red arrow. I use a 14 period setting for my signals to add onto my trade. If I am in a long trade as shown in the chart above and the 14 period T3EE has a fast line cross under the slow line and then a cross back over and I have not had my signal to close trade yet on the 34 period T3EE I will add to my long position. I cut the size of they order in half with each addition to my position. So if I entered with 2 lots I would add 1 lot with my first signal to add (shown by orange arrow) and then .5 lots with the second signal to add to my position and so on until it is time to close the position. If you day trade avoid entering positions between 4pm est and 9pm est. and the larger the ranges and the more trendy the market the better. Good Luck!!! If you have any questions let me know :)
Pine Script™ indicator
by stocktrader15
6
Price Action + Support/Resistance with LabelsEntry Conditions: Long Entry (BUY): Based on the bullish engulfing pattern and price being above the resistance level. Short Entry (SELL): For demonstration, the short entry condition is set as price being below the support level and a bullish candle in the previous bar. You can modify this logic for your own use case. Stop Loss and Take Profit: Stoploss is plotted at the calculated stop loss level. Target is plotted at the calculated take profit level. Labels: For long trades, labels are added with "BUY", "STOPLOSS", and "TARGET". For short trades (if enabled), labels are added with "SELL", "STOPLOSS", and "TARGET". Labels are placed using label.new at specific locations on the chart (above or below bars). Alert Conditions: Alerts are created for both long and short entry signals so you can get notified when the entry conditions are met. How it works: BUY label will appear below the bar when a long entry condition is met. SELL label will appear above the bar when a short entry condition is met. STOPLOSS and TARGET labels will appear at their respective levels when an entry signal is triggered. The labels will appear on the chart to give you a clear visual cue of the entry, stop loss, and take profit levels. How to Use: Copy the script into your Pine Editor on TradingView and apply it to your chart. Observe the labels that show up on the chart: "BUY" will appear below the bar when long conditions are met. "SELL" will appear above the bar when short conditions are met (if using short logic). "STOPLOSS" will be plotted at the stop loss level. "TARGET" will be plotted at the take profit level. Optional Customization: You can modify the short entry condition based on your preferred method. You can adjust the length for the support/resistance calculation, the stopLossRR, and other parameters to fine-tune the strategy for Nifty 50 or any other asset. Let me know if you have any further questions or need additional modifications!
Pine Script™ indicator
by subairmkd97
Amazing Crossover SystemEntry Rules BUY when the 5 EMA crosses above the 10 EMA from underneath and the RSI crosses above the 50.0 mark from the bottom. SELL when the 5 EMA crosses below the 10 EMA from the top and the RSI crosses below the 50.0 mark from the top. Make sure that the RSI did cross 50.0 from the top or bottom and not just ranging tightly around the level. How to setup Alert: 1) Add the Amazing Crossover System to your chart via Indicators 2) Find your currency pair 3) Set the timeframe on the chart to 1 hour 4) Press 'Alt + A' (create alert shortcut) 5) Set the following criteria for the alert: Condition = 'Amazing Crossover System', Plot, ' BUY Signal' The rest of the alert can be customized to your preferences 5) Repeat steps 1 - 4, but set the Condition = 'Amazing Crossover System', Plot, ' SELL Signal'
Pine Script™ indicator
by rmunoz
4
Gold Trade Setup Strategy BrokerirProfitable Gold Setup Strategy with Adaptive Moving Average & Supertrend – Brokerir’s Exclusive Strategy Introduction: This Gold (XAU/USD) trading strategy, developed by Brokerir, leverages the power of the Adaptive Moving Average (AMA) and Supertrend indicators to identify high-probability trade setups. This approach is designed to work seamlessly for both swing traders and intraday traders, optimizing trading times for maximum precision and profitability. The AMA helps in recognizing the prevailing market trend, while the Supertrend indicator confirms the best entry and exit points. This strategy is fine-tuned for Gold’s price movements, providing clear guidance for disciplined and profitable trading. Strategy Components: Adaptive Moving Average (AMA): Responsive to Market Conditions: The AMA adjusts to market volatility, making it an ideal trend-following tool. Trend Indicator: It acts as the primary tool for identifying the overall trend direction, reducing noise in volatile markets. Supertrend: Signal Confirmation: The Supertrend indicator provides reliable buy and sell signals by confirming the trend direction indicated by the AMA. Trailing Stop-Loss: It also acts as a trailing stop-loss, helping to protect profits by dynamically adjusting as the market moves in your favor. Trading Rules: Trading Hours: Trades should only be taken between 8:30 AM and 10:30 PM IST, avoiding low-volume periods to reduce market noise and increase the probability of successful setups. Buy Setup: Trend Confirmation: Ensure the Adaptive Moving Average (AMA) is green, confirming an uptrend. Signal Confirmation: Wait for the Supertrend to turn green, confirming the continuation of the uptrend. Trigger: Enter the trade when the high of the trigger candle (the candle that turned the Supertrend green) is broken. Sell Setup (Optional): If seeking short trades, reverse the rules: The AMA and Supertrend should both be red, confirming a downtrend. Enter the trade when the low of the trigger candle (the candle that turned the Supertrend red) is broken. Stop-Loss and Targets: Stop-Loss Placement: Set the stop-loss at the low of the trigger candle for long trades. Risk-Reward Ratio: Aim for a 1:2 risk-reward ratio or use the Supertrend line as a trailing stop-loss, adjusting the stop-loss as the market moves in your favor. Timeframes: Swing Trading: Best suited for 1-hour (1H), 4-hour (4H), or Daily charts to capture larger price moves. Intraday Trading: For more precise, quick setups, use 15-minute (15M) or 30-minute (30M) charts. Why This Strategy Works: Combination of Indicators: The strategy combines trend-following (AMA) with momentum-based entries (Supertrend), allowing you to enter trades at the optimal points in the market. Filtered Trading Hours: Focusing on specific trading hours (8:30 AM to 10:30 PM IST) helps to filter out low-probability setups, reducing noise. Clear Entry, Stop-Loss, and Target: Precise entry points, stop-loss placement, and targets ensure disciplined and calculated risk-taking. Conclusion: This Brokerir Gold Setup Strategy is tailored for traders who are seeking a structured and effective approach to trading Gold. By combining the power of AMA and Supertrend, traders can make informed, high-probability trades. Adhering to the specified trading hours, along with strict rules for entry, stop-loss, and profit targets, helps ensure consistent results. Remember to backtest the strategy and adjust based on market conditions. Let’s master the Gold market and maximize profits together! ⚡ Stay tuned with Brokerir for more advanced trading strategies and tips!
Pine Script™ strategy
by SasanHATAM
Multi-Timeframe RSI Grid Strategy with ArrowsKey Features of the Strategy Multi-Timeframe RSI Analysis: The strategy calculates RSI values for three different timeframes: The current chart's timeframe. Two higher timeframes (configurable via higher_tf1 and higher_tf2 inputs). It uses these RSI values to identify overbought (sell) and oversold (buy) conditions. Grid Trading System: The strategy uses a grid-based approach to scale into trades. It adds positions at predefined intervals (grid_space) based on the ATR (Average True Range) and a grid multiplication factor (grid_factor). The grid system allows for pyramiding (adding to positions) up to a maximum number of grid levels (max_grid). Daily Profit Target: The strategy has a daily profit target (daily_target). Once the target is reached, it closes all open positions and stops trading for the day. Drawdown Protection: If the open drawdown exceeds 2% of the account equity, the strategy closes all positions to limit losses. Reverse Signals: If the RSI conditions reverse (e.g., from buy to sell or vice versa), the strategy closes all open positions and resets the grid. Visualization: The script plots buy and sell signals as arrows on the chart. It also plots the RSI values for the current and higher timeframes, along with overbought and oversold levels. How It Works Inputs: The user can configure parameters like RSI length, overbought/oversold levels, higher timeframes, grid spacing, lot size multiplier, maximum grid levels, daily profit target, and ATR length. RSI Calculation: The RSI is calculated for the current timeframe and the two higher timeframes using ta.rsi(). Grid System: The grid system uses the ATR to determine the spacing between grid levels (grid_space). When the price moves in the desired direction, the strategy adds positions at intervals of grid_space, increasing the lot size by a multiplier (lot_multiplier) for each new grid level. Entry Conditions: A buy signal is generated when the RSI is below the oversold level on all three timeframes. A sell signal is generated when the RSI is above the overbought level on all three timeframes. Position Management: The strategy scales into positions using the grid system. It closes all positions if the daily profit target is reached or if a reverse signal is detected. Visualization: Buy and sell signals are plotted as arrows on the chart. RSI values for all timeframes are plotted, along with overbought and oversold levels. Example Scenario Suppose the current RSI is below 30 (oversold), and the RSI on the 60-minute and 240-minute charts is also below 30. This triggers a buy signal. The strategy enters a long position with a base lot size. If the price moves against the position by grid_space, the strategy adds another long position with a larger lot size (scaled by lot_multiplier). This process continues until the maximum grid level (max_grid) is reached or the daily profit target is achieved. Key Variables grid_level: Tracks the current grid level (number of positions added). last_entry_price: Tracks the price of the last entry. base_size: The base lot size for the initial position. daily_profit_target: The daily profit target in percentage terms. target_reached: A flag to indicate whether the daily profit target has been achieved. Potential Use Cases This strategy is suitable for traders who want to combine RSI-based signals with a grid trading approach to capitalize on mean-reverting price movements. It can be used in trending or ranging markets, depending on the RSI settings and grid parameters. Limitations The grid trading system can lead to significant drawdowns if the market moves strongly against the initial position. The strategy relies heavily on RSI, which may produce false signals in strongly trending markets. The daily profit target may limit potential gains in highly volatile markets. Customization You can adjust the input parameters (e.g., RSI length, overbought/oversold levels, grid spacing, lot multiplier) to suit your trading style and market conditions. You can also modify the drawdown protection threshold or add additional filters (e.g., volume, moving averages) to improve the strategy's performance. In summary, this script is a sophisticated trading strategy that combines RSI-based signals with a grid trading system to manage entries, exits, and position sizing. It includes features like daily profit targets, drawdown protection, and multi-timeframe analysis to enhance its robustnes
Pine Script™ strategy
by Dorcha_n_things
SuperTrend on SteroidsSuperTrend on Steroids 🚀 Overview SuperTrend on Steroids is a **powerful intraday trading strategy designed for high-accuracy trend-following signals. It combines SuperTrend, VWAP, EMA, and ADX to provide **optimized entry and exit points. This script helps traders identify strong momentum-based trades while minimizing false signals. 📌 Key Features ✔ SuperTrend Indicator – Identifies trend direction using ATR-based volatility ✔ VWAP (Volume Weighted Average Price) – Confirms institutional buying/selling pressure ✔ EMA (Exponential Moving Average) – Smooths price action for better trend confirmation ✔ ADX (Average Directional Index) – Measures trend strength to avoid weak signals ✔ Buy/Sell Alerts – Clearly marked "BUY" and "SELL" signals for easy trade execution ✔ Trend Highlighting – Background changes color to indicate trend shifts 📈 How It Works 1. SuperTrend Calculation: - Uses ATR period (10) and multiplier (3.0) to determine trend direction - Green trend = Bullish, Red trend = Bearish 2. **VWAP & EMA Confirmation: - VWAP above EMA = Bullish bias, VWAP below EMA = Bearish bias - EMA (21) acts as a dynamic support/resistance level 3. ADX Filtering (Optional for Strong Trends): - ADX above 25 = Strong trend, signals are more reliable - ADX below 25 = Weak trend, caution is advised 4. Entry Conditions: ✅ BUY Signal: - SuperTrend turns green (Uptrend confirmation) - Price closes above VWAP and EMA - ADX shows trend strength ❌ SELL Signal: - SuperTrend turns red (Downtrend confirmation) - Price closes below VWAP and EMA - ADX confirms downtrend strength 🔍 Best Timeframes & Markets ⏳ Ideal for intraday & short-term trading(5 min, 15 min, 1 hour) 📊 Works best on trending assets (Crypto, Stocks, Forex) ⚠ Avoid using in sideways/choppy markets 🔔 Alerts & Optimization 📢 Set TradingView alerts for buy/sell signals to automate trade execution. ⚙ Customize ATR period, ADX smoothing, EMA length to fit different asset classes. 🚀 Why Use This Strategy? ✔ Combines multiple indicators for high accuracy ✔ Reduces false breakouts using ADX filter ✔ Clear buy/sell signals with visual trend confirmation ✔ Easy to customize for different markets & timeframes 🔹 Disclaimer: No strategy is 100% perfect. Always use proper risk management and test in a demo before live trading. Happy Trading! 🚀📊 Let me know if you need any modifications! 🚀🔥
Pine Script™ strategy
by umar-mian
Big Candle Identifier with RSI Divergence and Advanced Stops1. Strategy Objective The main goal of this strategy is to: Identify significant price momentum (big candles). Enter trades at opportune moments based on market signals (candlestick patterns and RSI divergence). Limit initial risk through a fixed stop loss. Maximize profits by using a trailing stop that activates only after the trade moves a specified distance in the profitable direction. 2. Components of the Strategy A. Big Candle Identification The strategy identifies big candles as indicators of strong momentum. A big candle is defined as: The body (absolute difference between close and open) of the current candle (body0) is larger than the bodies of the last five candles. The candle is: Bullish Big Candle: If close > open. Bearish Big Candle: If open > close. Purpose: Big candles signal potential continuation or reversal of trends, serving as the primary entry trigger. B. RSI Divergence Relative Strength Index (RSI): A momentum oscillator used to detect overbought/oversold conditions and divergence. Fast RSI: A 5-period RSI, which is more sensitive to short-term price movements. Slow RSI: A 14-period RSI, which smoothens fluctuations over a longer timeframe. Divergence: The difference between the fast and slow RSIs. Positive divergence (divergence > 0): Bullish momentum. Negative divergence (divergence < 0): Bearish momentum. Visualization: The divergence is plotted on the chart, helping traders confirm momentum shifts. C. Stop Loss Initial Stop Loss: When entering a trade, an immediate stop loss of 200 points is applied. This stop loss ensures the maximum risk is capped at a predefined level. Implementation: Long Trades: Stop loss is set below the entry price at low - 200 points. Short Trades: Stop loss is set above the entry price at high + 200 points. Purpose: Prevents significant losses if the price moves against the trade immediately after entry. D. Trailing Stop The trailing stop is a dynamic risk management tool that adjusts with price movements to lock in profits. Here’s how it works: Activation Condition: The trailing stop only starts trailing when the trade moves 200 ticks (profit) in the right direction: Long Position: close - entry_price >= 200 ticks. Short Position: entry_price - close >= 200 ticks. Trailing Logic: Once activated, the trailing stop: For Long Positions: Trails behind the price by 150 ticks (trail_stop = close - 150 ticks). For Short Positions: Trails above the price by 150 ticks (trail_stop = close + 150 ticks). Exit Condition: The trade exits automatically if the price touches the trailing stop level. Purpose: Ensures profits are locked in as the trade progresses while still allowing room for price fluctuations. E. Trade Entry Logic Long Entry: Triggered when a bullish big candle is identified. Stop loss is set at low - 200 points. Short Entry: Triggered when a bearish big candle is identified. Stop loss is set at high + 200 points. F. Trade Exit Logic Trailing Stop: Automatically exits the trade if the price touches the trailing stop level. Fixed Stop Loss: Exits the trade if the price hits the predefined stop loss level. G. 21 EMA The strategy includes a 21-period Exponential Moving Average (EMA), which acts as a trend filter. EMA helps visualize the overall market direction: Price above EMA: Indicates an uptrend. Price below EMA: Indicates a downtrend. H. Visualization Big Candle Identification: The open and close prices of big candles are plotted for easy reference. Trailing Stop: Plotted on the chart to visualize its progression during the trade. Green Line: Indicates the trailing stop for long positions. Red Line: Indicates the trailing stop for short positions. RSI Divergence: Positive divergence is shown in green. Negative divergence is shown in red. 3. Key Parameters trail_start_ticks: The number of ticks required before the trailing stop activates (default: 200 ticks). trail_distance_ticks: The distance between the trailing stop and price once the trailing stop starts (default: 150 ticks). initial_stop_loss_points: The fixed stop loss in points applied at entry (default: 200 points). tick_size: Automatically calculates the minimum tick size for the trading instrument. 4. Workflow of the Strategy Step 1: Entry Signal The strategy identifies a big candle (bullish or bearish). If conditions are met, a trade is entered with a fixed stop loss. Step 2: Initial Risk Management The trade starts with an initial stop loss of 200 points. Step 3: Trailing Stop Activation If the trade moves 200 ticks in the profitable direction: The trailing stop is activated and follows the price at a distance of 150 ticks. Step 4: Exit the Trade The trade is exited if: The price hits the trailing stop. The price hits the initial stop loss. 5. Advantages of the Strategy Risk Management: The fixed stop loss ensures that losses are capped. The trailing stop locks in profits after the trade becomes profitable. Momentum-Based Entries: The strategy uses big candles as entry triggers, which often indicate strong price momentum. Divergence Confirmation: RSI divergence helps validate momentum and avoid false signals. Dynamic Profit Protection: The trailing stop adjusts dynamically, allowing the trade to capture larger moves while protecting gains. 6. Ideal Market Conditions This strategy performs best in: Trending Markets: Big candles and momentum signals are more effective in capturing directional moves. High Volatility: Larger price swings improve the probability of reaching the trailing stop activation level (200 ticks).
Pine Script™ strategy
by AHinson23
1