Ichimoku Trend DirectionThis script will help you detect the current trend of market use Ichimoku trading system. We use the default parameters.
To reduce risk, ONLY trade follow the trend of high time frame!
Very simple to use:
- Green background when market Up trend
- Red background when market Down trend
Have a nice trade! :P
Trend
trendOne [Strategy]BITSTAMP:BTCUSD
trendOne
(strategy-tester)
It is not recommended to use this script for generating alerts. Use "trendOne Alerts" instead.
This script combines all our previous trend-based scripts (Bows, Autopilot, Trend Indicator, Price Deviation, etc) in only one script .
To calculate the trend we use:
Volume Weight
Average True Range
Bows calculations
Trends smoothed with alma() function.
For more accuracy on the signals and to filter unwanted signals we layered slower time-frames in the background and added breaking support & resistance rules.
Inputs
Sensitivity
Integer input. Sets the sensitivity for signals generated up and down. Higher values will generate less signals on chart, and vice-versa.
Enjoy!
Disclaimer:
Back-tests do not guarantee performance on the future. Even if a trading setup is profitable in historical data, it could be unprofitable in the future.
To get access to this and other scripts check links below.
trendOne [Alerts]BITSTAMP:BTCUSD
trendOne
(alerts)
This script combines all our previous trend-based scripts (Bows, Autopilot, Trend Indicator, Price Deviation, etc) in only one script .
To calculate the trend we use:
Volume Weight
Average True Range
Bows calculations
Trends smoothed with alma() function.
For more accuracy on the signals and to filter unwanted signals we layered slower time-frames in the background and added breaking support & resistance rules.
Inputs
Sensitivity
Integer input. Sets the sensitivity for signals generated up and down. Higher values will generate less signals on chart, and vice-versa.
Enjoy!
To get access to this and other scripts check links below.
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".
POW EdgeHello fellow Trading View member,
Eventually our rebranded update with some extra features for our exclusive 'Edge' Strategy Script.
In this description I will run through;
The strategy itself, what is it?
What does it do?
How does it work?
How can it help you?
How good is it?
What is it.....
The Edge Strategy itself is based upon 5 indicators lining up in total confluence to enter a position in line with a trending move. Adding them together adds more confluence and probability to each individual trade outcome over the longer term. The individual strategies used are based on Trend strategies all used in combination.
The uniqueness to this is how they are combined. Indicators can work to a point individually of course, but combining them together and only trading when all are in a line was our concept, whilst reviewing how each individual indicator can be optimised to work with the others.
Also the motivation was to be the right side of the market in a trending move and capitalising on as much as that move as possible.
The first part is to ensure the candle close is above or below our moving average, we can then check the state and validity of each of the other 4 indicators. Once this confluence is in alignment a trade is valid for entry - this has to be valid at the same time - but not all valid on the same candle - they will come into alignment in different stages. But once they are, our trade is valid.
I will not reveal the other individual 3 indicators but the other is also an ADX function to add a threshold into the strategy to identify a trend - usually above 20/25. This has upsides and downsides as any user can visualise and see in the testing.
We also add to the script to look for a Buy then Sell, Sell then Buy - we found this had more profitable results overall and next phase was to review the money management; where and how we placed our SL and when and why we exited the trade.
Example - for a BUY trade to be valid, all 5 indictors must meet their own criteria before a BUY is printed on the chart. Absolutely no technical analysis is needed to trade this strategy and the data we have is based on using the strategy in isolation - how you wish to use this either independently or supporting your own trading is of course, up to you.
The SL and TP's are based on ATR Multipliers thus ensuring we are factoring in market volatility at that time. We also have a FT (Follow Trend) option, which is a worthy addition for capitalising on big trending moves.
This strategy will work on all markets and timeframes.
We understand and accept that all pairs and markets are different thus we have optimised certain pairs and timeframes with different parameters to provide increased returns, these are hard coded (H1 Timeframe) and also provided for your review.
Profitability is easily viewable in the ‘Strategy Tester’ - this is a great tool. This is where you can see historic / live data for the strategy.
Data like;
The Net Profit
Number of trades
Win Percentage
Every trade taken
Average Win
Average Loss
Maximal DD , etc.
We have individually optimised each pair to ensure this is the case and hard coded these parameters into the strategy. All you need to do is flick between the pairs - the strategy will then identify the pair you are on and change the parameters to suit in the background.
Whilst a trade is open, the strategy will convert all candles to the relevant colour - Green for an uptrend and Red for a downtrend (all customisable).
We find this is helpful for traders psychology - not getting 'spooked' by other candle colours, affecting your decision making.
When a new signal is valid, 'POW BUY' or 'POW SELL' will be displayed on the first candle open for entry. As well as this, you will also have the trade label print which will display the following;
- EP – Entry price
- SL – Stop loss
- TP – Take Profit
- Lot size
The trade information printed will also tell you the pip values of your stop loss and take profit based on how far away they are from the trade entry price.
The lot size printed is customisable and unique to your account- within the strategy settings you can simply input your account balance, currency and risk approach which includes a fixed risk amount, fixed lot size or a fixed percentage.
This removes the need for 3rd party apps or websites to quickly calculate your specific risk on your trade. Thus saving you time and making sure you aren't 'guessing' with your lot size.
No one likes losing more than they thought.
The progress and initial challenges....
To start, our first version simply showed the buy and sell arrows when a trade was valid. However, this caused subjectivity with where we would place our stop loss and how we would manage the exit of the trade once we were in it. So, we identified a solid strategy for this was incorporating the Average True Range (ATR) for SL and TP options.
I was especially keen to add the SL and exit management so I could obtain solid back testing data to support my thoughts that 'this works'. Every trader requires confidence and belief in their strategy, without it you simply won't succeed or be disciplined in your execution.
The other challenge we all face is calculating the lot sizes of our trades right? So, it was important that we incorporated a lot size calculator - its all about making it easy when a trade is valid to enter without trying to calculate this accurately.
Lastly, when pairs are stuck in a range - this can be a testing period of 'chop' for a trend strategy, so we also incorporated the ADX function to enable us to set a threshold level to identify when the instrument is more likely to be trending.
What does it do?
Ultimately, tells you when to buy and sell - where to place your SL and when to exit. Whilst also ensuring your risk management is on point, by displaying your trading lot size. Also providing you with live back tested data at your finger tips thank you to the strategy tester.
How does it work?
This will be visible on your trading view charts once you get access. And will work across all your devices, the trading view website or the app on your phone for example.
You can also use Trading View alerts, so you won't miss a trade and can go about your day as normal without watching the screen. This will work on the Free version of TV, however, in order to benefit from more alerts and templates it makes sense to upgrade to a higher package.
How can it help you?
This will help give you a mechanical approach to your trading. This means, less decision making on your part, with the instant benefit of seeing the data you have at your fingertips thanks to the 'Strategy Tester' TV Function.
It will save you time, you don't need to be in front of your screen or completing any subjective analysis.
Integrated lot size calculator can ensure you are always accurate with your risk - either in percentage or a fixed amount of risk - whichever you prefer.
Understand Probability - this is the key one for me. Losing runs happen in any trading strategy. The great benefit here, is you can see them. How long were the losing runs? How can I prepare and plan my risk management around them are all fundamental keys to managing your emotions and being detached from your trades. No one wants to feel stressed or anxious when trading.
Customisable exit strategies - A specific TP for a 1:1 RR or 1:10 RR for example can be adjusted and you can see instantly how this affects the profitability.
The exit strategy options are shown below;
TP 1/2/3
FT - Follow Trend (no stop loss and follow's from Buys to Sells, Sell to Buy, etc.
SL + FT - SL present, but trade is held until a reverse signal is presented.
How good is it?
We have some really positive back testing data across a range of pairs and markets - equities and indices too.
Drop me a DM to see these and I'll be happy to share.
Below let me show you a screen shot of how this can work for you.
How do you access this?
Please visit our website for signup / purchase information in the first instance (the link is on our trading view signature) or send us a private message on here - its impossible to keep track of comments on our posts so to ensure we don't miss you, a private DM will be great please.
The Back test shown on this example is based on the Trading View mid price and also a realistic starting Capital of £10,000. This test result is also based on a 0.1% risk per trade, with a 5 tick spread and a commission of
Regards
Darren
Disclaimer alert.
Please remember past performance is exactly that - how our strategy performed over those dates tested, it is not obviously a guarantee of future performance. Most of our H1 data is valid from Jan 2017 to now - so 4+ years and data on 650+ trades per pair.
TradiKator 01 MATradiKator 01 MA is the a visual indicator that plots market capitalized cost following moving average (SMA and EMA) , based on LEI & LoneCapital defined metrology method and includes the TradiKator creative idea to help visualize the Price action in relation to the market capitalized cost.
Q&A
Q1.Why Moving Average ?
As LEI & LoneCapital explained moving average is indicating market capitalized cost moving.
If you are a trend following trader, you should participate in upside while sidestepping downside.
You need a indicator that help you to make money while prices are rising, then exit when they are falling.
A classical approach is the moving average strategy.
Nevertheless as efficient-market hypothesis (EMH) states that asset prices will reflect all available information.
The smart trader should focus on price moving i.s.o. reading all available information which is not practical.
Q2.What is Moving Average ?
As the name implies, the moving average is an average of a price's movement over time.
The simple moving average (SMA) is a just simple average over time.
The exponential moving average (EMA) on the other hand gives greater weight to more recent price action.
Q2.What are the Period Moving Average based on ?
The default Moving Average Period setting are based on LEI & LoneCapital defined Short term 20 (days in month), Mid term 60 (days in quarter), Long term 120 (days in half year).
We use 3 colors to represent these 3 periods. Black as Short term , Red as Mid term , Blue as Long term
You will see same color scheme in our indicators.
Of cause you can change the default setting to switch to your favorite Moving Average Period. How to do it is listed in setting.
Function and Setting
1.MA period setting
"Adjust All MA Period" --> Users can increase or decrease all 3 period in the same time. For example, input "-1" , you will have 3 periods as "19","59","119"
"Fix the M_MA=3*S_MA,L_MA = 6*S_MA (overwrite below 2 settings)" --> It will fix the Mid period as 3 times of short, Long period as 6 times of short. Meanwhile the separated setting for Mid and long will be ignored.
"3 period separated settings" --> Please disable the "fix ..." setting for individual 3 periods
"Source" --> Allow user switch used source from "close" to any other data source like"hl2","hlc3" and etc.
2.Deduction price Setting
"Show deduction price label (Pls disable the angle)" --> Will show 3 deduction price. Please disable the "Show Angle ..." before enable this switch.
"Arrow on Slope (Deduction vs Today Which is higher)" --> Will show 3 arrows aim to the higher price between Deduction and Today.
Also the dashed slope line will change to solid line. It helps when Deduction is very close to Today
3.Angle for slope line ---> Killer feature
"Show Angle ..." --> As LEI & LoneCapital explained current trend can be described as "o'clock direction wise" .
By measuring current trend's "angle" we can has a fuzzy image about current trend.
Note: In fact there is real 12 o'clock or 90 degree, therefore we define our "90 degree" and all called value of "angle" is based on our defined metric.
Also everyone has different opinion about the start point of current trend.
We choose the 3 MA periods as the start point to measure the angles.
There are 3 mod prepared for the angle measure metrology.
Abs % --> "90 deg" = increase 100% in 20 days. It is the most robust mod.
1Y rel % --> "90 deg" = increase 50% of 1Y Absolute price range in 20 days. It can't be used in case of minus price.(like CL future in 2020 Mar)
1Y rel log --> "90 deg" = increase 50% of 1Y log scaled price range in 20 days. Also it can't be used in case of minus price.
4.Deduction price trail and Background color
"Show Deduction price trail" --> Enable it to show the 3 Deduction prices' trail.
"Show trail in the coming days" --> Enable : the prices' trail is showed in the coming days. Disable : the prices' trail is showed on the MA period historical days.
"MA long term Trend Background Color" --> Similar to the "fill EMA with color", fill the Background with color which represent the EMA trend.
5.High volume and Show gap
"High volume label" --> Highlight the high volume with label.
We define the volume which is higher than percentile value of 3 MA historical volume statistical metrics.
So the black label means this volume is higher than 97 percentile value of 20 days' volume. Red 60 days and Blue 120 days.
The percentile can be set by user. Also the MA period can be adjusted by user.
"Show gap" --> Highlight the gap between close and next day open.
Note: We don't measure whether the gap is closed or not.
6.Forecast SMA ---> Killer feature
As you noticed the dashed line after today, it is our killer feature: forecast SMA.
Green Dashed line: The close price according to the assumption user input.
3 colors' Dashed lines: The SMA based on the Green Dashed line's close price.
"Days to plot forecast SMA (Max=14, SwitchOff=0)" --> Please decide how many days' SMA user would like to forecast.
"Mod1 Assumed chg ratio ‰ in the every days (10=1%)" --> Mod1: User should give the change rate in the coming every days. For example, user's assumption is that price will increase 10% everyday.
"Mod2 Assumed chg % in the ?th day (1=1%)(Pls set Mod1 to 0)" --> Mod2: User should give the change rate in the future ?th days. For example, user's assumption is that price will increase 30% in the 3rd day.
"Mod2 Need ? day to reach the chg % (tomorrow = 1 day)" --> Mod2: User should give the future ?th days.
note: While using Mod2, user has to disable Mod1 by set Mod1 to 0 (default setting)
TradiKator is Traders' indicator.
Please visit TraiKator for more free script.
We also support Chinese.
TB_Harmonic_Pro_TrendThis indicator is NOT meant to be used as a standalone trading system.
It has been designed to produce signals for potential up or down moves in the market subject to certain critreria being met.
The indicator measures several independent concepts that line up and when congruent produces a signal.
The concepts used are based on the Awesome Oscillator, the Directional Movement Index, Stochastic and the McGinley moving average.
An UP signal is produced when trend has potentially changed to up.
The McGinley MA provides the inital trigger which is followed by supporting oscillators which must move to the upside also indicating a possible change in trend. When the oscillators and MA conditions are met and are 'Congruent' an UP signal is produced to dispaly a potential change in trend for the interim period.
A secondary UP signal is also produced after the initial UP signal. This is as a result of a trend being detected (after the first entry) and the cross of secondary MA with different inputs. This usually occurs after a retarcement and potential continuation of trend. All components must line up to support the idea that trend has changed for the interim.
The combination of several positive trend indicators and confirmation of price assists in the trend change confirmation.
An alert system has been added for convenience.
The opposite occurs for a Down Signal.
The indicator is often useful after a significant swing HIGH/LOW when price is potentially changing direction. The overall concept is to be able to set alerts for such potetnial entries after you have completed your own market analysis. A particularly good reference point is after the 'D' point has formed on a Harmonic Scan (your Own anaysis) and awaiting an entry zone for a change in trend and as price moves away.
This can also be used with significan support and resistence levels and pull-backs in trend direction. Pitchforks applied to Harmonic scans provide numerous potential entry points for this type of indicator which often constitutes a good scalping strategy. Heiken ashi candles can also be used for additonal trend confirmation 'BUT' entry decisions 'SHOULD NOT' be made based on those candles
It works across all time frames.
If you would like to enquire about access to this invite only script please send me a private message on trading view and I will be happy to assist. Thank you.
EMA CrossoversUseful for identifying and receiving alerts about uptrends and downtrends.
This script uses two Exponential Moving Averages (EMAs) to find price uptrends and downtrends. An Exponential Moving Average (EMA) is a type of moving average that places a greater weight and significance on the most recent data points. The script produces uptrend and downtrend signals based on crossovers and divergences between the two EMAs, the user will be able to spot a trend change (when the EMAs crossover) and to determine the strength of the current trend (when the EMAs diverge). It is also posible to get alerts for uptrends and downtrends on the web and mobile app with sound and pop-ups as well as via email. The optimal time to enter and exit the market can be concluded from this trend changes.
The user can set their own EMAs, by default they are set to 21 and 55 periods for medium and long term respectively. When the medium term EMA crosses below the long term EMA the asset is in a downtrend and the price will decline, and when the medium term EMA crosses above the long term EMA the asset is in an uptrend and price will increase.
This scripts plots the following indicators and signals on the chart to help the user to identify trends:
1.- Medium and long term EMAs as lines overlaid on the price chart.
2.- Up green triangles above bars when the price is on an uptrend and down red triangles below bars when the price is on a downtrend.
3.- Arrows with text to indicate the start of an uptrend or downtrend.
The user can enable and disable the indicators and signals as well as set colors and shapes to their liking.
This script also lets the user create alerts for uptrends and downtrends. To create a new alert using this script follow this instructions:
1.- Once you added this script to your chart, go to the alerts panel (right on web or bottom tool bar on the mobile app) and add a new alert (alarm clock icon with a plus sign).
2.- A modal window will open. On the “Condition” dropdown menu select “EMA Crossovers”.
3.- On the next dropdown menu (right below the “Condition” one) you can select from two types of alerts “Uptrend started” and “Downtrend started”.
4.- Lastly you can set all the normal alert options and create the alert.
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.
MoneyMoves Strategy V1 The MoneyMoves Strategy V1 is one piece of the it is Hekin Ashi turned into a smooth Moving average for better visual of price trend.
By taking the average of the open, close, high and low of price this indicator will help with seeing short and long term price trend on any timeframe of your liking.
With added buy and sell alarms you can set so you don't miss a trade, also make for a good exit alarm if already in a trade.
In the settings you can change the type of moving average you want to use between sma, ema, wma, hma, vwma, and rma at different sources for your liking. (open/close/high/low)
You can also change the Length of the MA to better fit your liking both open and close prices to make it more precise
When you get A Buy Signal and the Moving Average IS Green= Buy
When you get A Sell Signal and the Moving Average IS Red =Sell
You can also change the colors of the Moving average in the settings tab
Use link below or PM us for access you this indicator. Happy Trading
RSIPRO TrendIndicatorThis RSIPRO indicator is based on RSI , BB and EMA and it has LONG/SHORT alerts for signals
In script settings you can specify:
1) Dispertion value, 0.15 by default. Dispertion around bolinger bands with RSI as source signal.
2) Use smoothing option and smooth factor value (3 by default). It smoothes RSI with moving average filter.
3) Enable/Disable filter to show signals only after RSI overbought/oversell zones
Disabled by defaults and RSI is 65 for upper zone and 35 for lower zone.
You can also specify how many bars back before current bar this filter must do. It's 10 by default, you can vary it up to 90.
Best fits for 4H timeframe. Also good for 15min scalping strategy. Fits for any crypto coins, forex, metals, oil and bonds.
This is invite only script. PM me if you want to test it.
Consolidation Ranges [kingthies] Consolidation Range Analysis
Published by Eric Thies, January 2021
█ Indicator Summary
This tool calculates, analyzes and plots the visualization of a relative range over a given period of time
By adding to charts, users are enabled to see the impulsive nature of market cycles, along with their efforts to consolidate thereafter
The default period is 30, and should be adjusted to users preference
The default input is the current close price, on the chosen timeframe of the chart
█ Script Source
//
//@version=4
//© kingthies || This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
study("Consolidation Ranges ", shorttitle="CR ", overlay=true)
// !<------ User Inputs ----->
src = input(close, title='Range Input (Default set to Close'), lengthEMA=input(30,title='Length'),zoneToggle = input(true, title="Toggle Zone Highlights"), iCol = color.new(#FFFFFF, 100),
// !<---- Declarations & Calculations ---- >
trndUp = float(na),trndDwn = float(na), mid = float(na), e = ema(src, lengthEMA)
trndUp := src < nz(trndUp ) and src > trndDwn ? nz(trndUp ) : high, trndDwn := src < nz(trndUp ) and src > trndDwn ? nz(trndDwn ) : low, mid := avg(trndUp, trndDwn)
// !< ---- Plotting ----->
highRange = plot(trndUp == nz(trndUp ) ? trndUp : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Top of Period Range")
lowRange = plot(trndDwn == nz(trndDwn ) ? trndDwn : na, color=color.white, linewidth=2, style=plot.style_linebr, title="Bottom of Period Range")
xzone = plot(zoneToggle ? src > e ? trndDwn : trndUp : na, color=iCol, style=plot.style_circles, linewidth=0, editable=false)
fill(highRange, xzone, color=color.lime,transp=70), fill(xzone, lowRange, color=color.red,transp=70)
//
[Jett.][GoldenRush] Market DirectionThis script was created to analyze levels of market trends.
This is an indicator that is used to analyze the overall 2 levels.
1.Considering the index's key trends (Strategic Level)
2.Trend Analysis (Tactical Level)
To get a big overview of the trend and catch short-term movements. In this indicator, there are 4 levels of momentum measurements.
with the default setting
Major trends (Strategic Level)
1.We have the highest and lowest prices in the 52-week or 1-year scale.
2.We use the average of the highest and lowest prices(basis of 52-week). can be filtering the overview of the trend
3.As for the trend in 24-week or 6-month. Used to find the direction of the price And helps confirm that a trend is starting to take a certain direction.
Sub-level trend (Tactical Level)
1.Price in the level 12-week or 3-month. We use it to calculate the direction of movement in the short term, it is possible that the market will be bullish or bearish in 3-month.
2.And the 12-week or 3-month price is a confirmation of how strongly the short-term price moves in any direction.
3.If there will be a correction of the price base 12 weeks or 3-month price swings always happen first.
4.The 1-month price is the same as the trigger, if the market has a breakout in any way it could mean the start of a short sway.
By this indicator Besides being used to measure direction or trend, it can also be used as a significant filter for both support and resistance for short, medium, long term.
Jet.T.S. Trader
TKC [Intromoto]This is a series of three Keltner channels, which are essentially sets of EMAs with a multiplier to spread them for dynamic support and resistance structures.
Keltner can be used similarly to Bollinger Bands, but price can remain outside of the EMA range for extended periods of time.
Users can change the collective resolution, individual length, individual multiplier, and calculation style of each of the sets.
By default, the Keltner channels all have length of 500 and multipliers of 4, 7, and 10. Fills are available between each upper and lower EMA of the channel.
I use this for trend analysis and when price is prone to reversals.
DM for access.
Thanks
Trading with GridThis indicator helps you to negotiate through the grid. You must depend on a flag to start trading. In the indicator we use a weekly moving average with 20 periods.
Use volatility for larger timeframes.
Note that the gray spaces are minimum and maximum, weekly and monthly. If the price goes out of that range, it usually has greater volatility.
The grid has 28 lines.
Purchase order preference.
Once you lose the moving average:
- buy level below
- sale level up.
MrBS:Directional Movement Index [Trend Friend Strategy]This goes with my MrBS:DMI+ indicator. I originally combined them into one, but then you cannot set alerts based on what the ADX and DMI is doing, only strategy alerts, so separate ones have more flexibility and uses.
Indicator Version is found under "MrBS:Directional Movement Index " ()
//// THE IDEA
The majority of profits made in the market come from trending markets. Of course there are strategies that would say otherwise but for the majority of people, THE TREND IS YOUR FRIEND (until the end). The idea is to follow the trend, entering once it has established its self and exiting positions when the trend weakens. This strategy gives a rough idea of the returns produced from following purely the ADX signals. At first Heikin Ashi values were used for the calculation but the results show it's not that effective. The functionality to switch between calculation types has been left in, so we can uses HA candle data to generate signals from while looking at an OHLC chart, if we want to experiment. Due to the way strategies work, we are unable to get reliable results when running the strategy on the HA chart even if we are calculating the signals from the real OHLC values. It is best to always run strategies on standard charts.
When using this strategy, I look for confirmation of the signal based on stochastic (14:3:6) direction, reversal level of stochastic, and divergance, to add confidence and adjust position size accordingly. I am going to try and code some version of that in future updates, if anyone can help or has suggestions please drop me a message.
//// INDICATOR DETAILS
- The default settings are for optimized Daily charts, for 4 hour I would suggest a smoothing of 2.
- The default values used for calculation are the Real OHLC, we can change this to Heikin Ashi in the menu.
- The strategy enters a position when ADX crosses the threshold level, and closes the position when ADX starts to fall.
- There is a signal filter in the form of a 377 period Hull Moving Average, which the price must be above or bellow for long and short positions respectively.
- The strategy closes the position when a cross-under of the ADX and its 4 period EMA. This is an attempt to stay into positions longer as sometimes the ADX will fall for 1 bar and then keep rising, while the overall trend is strong. The downside to this is that we exit trades later and this affects our max drawdown.
Moving Average Compilation by CryptonerdsThis script contains all commonly used types of moving averages in a single script. To our surprise, it turned out that there was no script available yet that contains multiple types of moving averages.
The following types of moving averages are included:
Simple Moving Averages (SMA)
Exponential Moving Averages (EMA)
Double Exponential Moving Averages (DEMA)
Display Triple Exponential Moving Averages (TEMA)
Display Weighted Moving Averages (WMA)
Display Hull Moving Averages (HMA)
Wilder's exponential moving averages (RMA)
Volume-Weighted Moving Averages (VWMA)
The user can configure what type of moving averages are displayed, including the length and up to five multiple moving averages per type. If you have any other request related to adding moving averages, please leave a comment in the section below.
If you've learned something new and found value, leave us a message to show your support!
Neapolitan BandsThe Neapolitan Bands were derived from Jean Marc Guillot's 2001 IFTA trading strategy. In his study published by the International Federation of Technical Analysis titled, "Using Indicators from the Derivatives Markets to Forecast FX Moves" Guillot utilizes multiple bollinger bands of various deviations to determine trends and reversals, entries and exits. I isolated this particular part of his overall trading strategy because it has been a useful trend following indicator for me.
Some basics:
Neapolitan Bands can help identify points that a trend starts and ends, as well as reversals when price is ranging.
These bands are typically paired with another indicator like Guillot did to help separate/time trend or reversal signals. (He used MACD, Slow Stochastic, and RSI)
Parts of this indicator:
The period is by default 55 to identify "intermediate" trends. Not short or long term ones.
The blue area shows the 1st standard deviation. This is the "normal range" where price "likes" to be.
The green area shows the 2nd standard deviation and identifies/defines trends. Closes in this area are used for entering trends long or short.
The red area shows the 3rd standard deviation that shows either a spot to take profit/enter a reversal trade, or a point where the market is free falling.
Trend trading rules:
Entry and exit signals for trends are based on price closing above and below the 1st standard deviation, or blue area. If you expect a bullish trend, you buy once price enters the upper green area.
Guillot recommends setting a stop loss to the MA period of the Neapolitan Bands. So if it's 55 periods, you set the stop loss at the 55 SMA.
Reversal trading rules:
For reversals Guillot says, "In a trading range, bands act as supports and resistances. In extreme conditions reversals can occur within or past the 2nd standard deviation." For us, this means that technically anywhere in the green or red areas, a reversal can occur when the price is ranging. Typically this happens at the edges of the bands.
The "edge to edge" trade:
This is a strategy I took from Ichimoku Clouds and applied to the Neapolitan Bands. An "edge to edge" trade is when price closes back into the blue area from one edge, and price travels all the way to the other edge of the blue area. This can apply going from the edge of one green area to the other edge.
Note that this is one piece of Guillot's trading system, and not the whole thing. On top of that I have modified the original parameters to suit the function of trend following, and added an extra bollinger band. Using a shorter period like 20 is more optimal for shorter expected trends or reversals, and it's what Guillot used himself.
Thanks to Sean Nance for reminding me the indicator looks like ice cream! ( coming up with the name :P )
Goersch TrendENGLISH:
Goersch Trend Indicator for TradingView is a trend indicator that shows the actual trend and the trend strength based on the price movement of the past. The indicator can be used for any underlying and trading timeframe. The special feature is that it is extremely easy to interpret and that it works "out-of-the-box". The calculation automatically adjusts to the displayed timeframe. The interpretation of the Goersch Trned indicator is always the same - whether you are looking at a stock, a currency, an index or a commodity. Regardless of whether you work in the 5-minute chart, hourly, daily or even weekly chart. It is extremely simple to judge whether an underlying is running in a trend, whether this trend strength is currently increasing (stable) or decreasing (when the trend is weakening), or whether the trend is currently changing direction. The indicator shows you the important information at a glance.
The interpretation of the Goersch Trend indicator is very simple. Red bars represent a downward trend, green bars appear during an upward trend. The change from red to green signals a change from a downward to an upward trend and vice versa. The height of the bars represents the trend strength. The trend strength decreases when the bars become shorter. The change from red to green then signals a completed trend change.
For the calculation of the bar height, the fluctuation of a price change index is used as a basis in the Goersch Trend Indicator. The price change index is calculated from the respective candle closing price and the true high or true low of the previous candle, which is added or subtracted accordingly. From this price change index, a long-term moving average is calculated, the difference between this average and the price change index is visualized by means of the red and green bars.
To get access to the script, please PM, or send a message to the email address in the signature.
DEUTSCH:
Beim Goersch Trend Indikator für TradingView handelt es sich um einen Trend-Indikator, der anhand der Preisbewegung der Vergangenheit den Trend sowie die Trendstärke anzeigt. Verwendet werden kann der Indikator für jegliche Basiswerte und Zeiteinheiten. Das Besondere ist, dass er extrem leicht zu interpretieren ist und dass er "out-of-the-box" arbeitet. Die Berechnung passt sich automatisch auf die dargestellte Zeitebene an. So ist eine Interpretation immer gleich – egal ob Sie eine Aktie, eine Währung, einen Index oder einen Rohstoff betrachten. Unabhängig davon, ob Sie im 5-Minuten-Chart, Stunden-, Tages- oder gar Wochen-Chart arbeiten. Dabei ist es äußerst simpel zu beurteilen, ob ein Wert in einem Trend läuft, ob diese Trendstärke gerade zunimmt (also stabil ist) oder abnimmt (der Trend also schwächer wird), oder ob der Trend gerade kippt. Der Indikator zeigt Ihnen die wichtigen Informationen auf einen Blick.
Die Interpretation des Goersch Trend Indikators ist denkbar einfach. Rote Balken stehen für einen Abwärtstrend, grüne Balken erscheinen während eines Aufwärtstrends. Der Wechsel von Rot auf Grün signalisiert einen Wechsel vom Abwärts- in einen Aufwärtstrend und umgekehrt. Die Höhe der Balken repräsentiert die Trendstärke. Dadurch ergibt es sich schon, dass beispielsweise die Trendstärke abnimmt, wenn die Balken kürzer werden. Der Wechsel von Rot auf Grün signalisiert dann einen vollendeten Trendwechsel.
Für die Berechnung der Balkenhöhe wird im Goersch Trend Indikator die Schwankung eines Preisveränderungsindex zugrunde gelegt. Dieser errechnet sich aus dem jeweiligen Kerzen-Schlusskurs und dem True-High bzw. True-Low der vorhergehenden Kerze, das entsprechend hinzugerechnet oder abgezogen wird. Von diesem Preisveränderungsindex wird ein langfristiger gleitender Durchschnitt errechnet, die Differenz dieses Durchschnittes und des Preisveränderungsindex wird mittels der roten und grünen Balken visualisiert.
Um Zugang zum Skript zu erhalten, bitte eine PM, oder eine Nachricht an die Emailadresse in der Signatur.
PHInkTrade Price FinderHello there, fellow trader!
Welcome to Price Finder indicator for TradingView page.
Please join me as I present you an overview about it.
Before we begin, a few quick notes:
Availability information is presented at the last section of this content. Please check it out to know how to get access.
In addition to this description, there is also an overview video available. Please refer to the last section on this content as well.
With time, some of the functionality described below may change. Please refer to Release Notes for most up-to-date information.
Ok now, let's get started!
What is Price Finder?
Price Finder is a technical analysis indicator (aka "Indi" ), built on a mathematical foundation which recognizes price's fractal, multi-layered nature -- a key aspect, related to the multiple time-frames process different size traders use to make their decisions.
The objective of the indicator, naturally, is to help identify high probability opportunities for successful trades , especially those which can provide a good return : risk ratio (greater than 3:1). This is very important to foster sustainable equity growth over time .
In order to do that, it helps identify new positions of previously successful support and resistance levels , out of both its multi time-frame mathematical approach, and empirical evidence. By mapping these, indicator provides a good way to anticipate next levels with high success probability, as well as to validate or invalidate expectations in relation to what price is more likely to do next.
Last, but not least, it also helps identify price state , in terms of trend and consolidation . Meaning that, if price is trending, we can expect it to go farther -- either higher or lower --, in a more consistent way. Or, if it is consolidating, we can expect it to remain trading inside a range.
Combined, these aspects help you develop an enhanced view of the market , and a better edge for your trades.
Feedbacks from beta phase
Before diving into more details, i'd like to let you know that, besides internal tests, the indicator has gone through a public beta testing phase , having received quite nice feedback from participants . You can find more information about it in the overview video, as mentioned above.
How it works?
As seen on chart below, indicator is composed of:
a Trend Band
two Expansion Threshold Bands and
Bar colors .
Let's get through each of these.
Trend Band
The Trend Band is the one which runs around the middle of the indicator, and helps you assess if you should be leaning bullish or bearish, locally -- considering the time frame you are looking at. Its inflection points , also known as death crosses and golden crosses, are important events to anticipate -- and pay attention to when they happen. There's also a middle line , which helps you evaluate if price is leaning towards crossing the band to the other side.
The following chart shows some examples* of how lines can help identify potential places to have new trades.
* More information about specific trading approaches is available through complementary materials.
So, Trend Band helps us adjust our bias towards a direction. But how far can we expect price to go?
To help answer this question, the indicator also provides two other bands. Let's talk about them, next.
Expansion Threshold Bands
The Expansion Threshold Bands are the ones usually surrounding price (not always, as you'll notice). They are called the Upper Expansion Threshold Band and the Lower Expansion Threshold Band . Their purpose is to help identify potential limits , or places where price is more likely to face a contrarian force , and will probably have to decide whether to continue in the same direction, or to pull back -- end eventually revert.
On the following chart we have an example (Bitcoin, 15 minutes time-frame). It was retracing locally, but once it hit the corresponding Lower Expansion Threshold, it found strong support, making it pull back, and look to test upper structures, next . In fact, as can be seen, this support was tested and respected three times on this chart. Conversely, the Upper Expansion Threshold Band, resistance, was tested and broken twice -- an effect, and validation, of the overall uptrend Bitcoin was in.
Broken Expansion Threshold Bands
Indicator also helps adjust expectations when price breaks an Expansion Threshold . As an example, on the following chart, we see Bitcoin breaking the 15 mins lower band, after having respected it multiple times during the rise. The result was a significant correction.
So, when price breaks an Expansion Threshold Band of a particular time-frame, we can expect it to expand in that same direction for a while. In other words, we can expect it to trend in that direction, until it finds a larger time-frame Expansion Threshold which can hold it.
To help with this aspect, here enters indicator's distinctive multiple time-frame overlays functionality .
Multiple time-frame overlays
Multiple time-frames is a very important aspect to understand and consider when dealing with an asset's price, as different size traders make decisions based on each of them -- and, naturally, this requires us to deal with the combined results of all such decisions.
On the chart below, (again, Bitcoin 15 minutes time-frame), standard indicator deployment is showing where supports are for some of the lows. But there are moments when price stop "mid-air". Why is it so?
Well, this happens due to the influence of another time-frame structure (in this case, a smaller one). To identify which structures are working, it is possible to apply the indicator one or more times to the chart, and perform an empirical research . In this case, bounces were caused by the 10 minute lower threshold band, approximately.
This feature allows you to see, on a single chart, multiple time-frame structures working at once -- which, besides bringing greater clearness, can also help you save time, by skipping the handling of multiple charts.
Note : TradingView recommends using a lower time-frame chart and deploying a higher time-frame overlay. However, within a good margin, the reverse practice has proven itself to work for Price Finder, as indicator's approach is evidence-based. So, whichever smaller time-frame overlay which shows itself as working, even though on a higher time-frame chart, should continue to do so, as calculations remain proportional.
Another example below, now showing 5 minutes working as support multiple times too (besides 10 and 15).
So, by researching which supports and resistances are being repeatedly respected, out of price's multi time-frame / multi layered reality, and finding their current price levels -- both through the means of the indicator --, it is possible to anticipate high probability places for successful trades -- either in favor of the structure, if you believe in a stop-and-reverse move, or against it, if structure gets broken and allows price to start expanding / trending. Always based on both a mathematical foundation, and an empirical observation (evidence / confirmation).
Bar colors
As an additional information to help you understand if price is trending (or starting to develop trend intentions), or if it is consolidating , the indicator provides bar color schemes.
By default, it uses dark green and dark red colors for initial developments of bullish and bearish trends , bright green and bright red colors for developed, stronger trends , and orange for consolidations . Knowing such states help you build more confidence in the movement -- or not.
Color-blind friendly setting
Colors-wise, indicator also offers the possibility to use a second scheme, more friendly to color-blind users. You can change color scheme on settings panel.
Other settings
There are other ways to customize the presentation of the indicator , especially regarding multiple time-frame overlays , as we saw, but also to help you manage and reduce chart clutter , for example, in terms of number of lines being plotted.
It's possible to decide to just plot backgrounds, or some part of the structure, or avoid painting bars, etc.
Sample chart settings, explained
What you see on the chart above:
3 deployments of Price Finder, one for each of the following time frames: 1 hour ('Chart' time-frame), 15 and 4 minutes.
Custom settings:
1 hour: Upper and lower expansion threshold bands plotted in full. Trend band hidden;
15 minutes: Trend band hidden, expansion thresholds with just backgrounds (for better visibility);
4 minutes: likewise.
Price Finder working with other assets
Here are some other examples of the indicator, now working with other assets.
Time-frames used to 'calibrate' readings were observed from previous evidence on the same charts.
Ethereum / US Dollar, 4 hour chart, with 100, 50 and 25 minutes overlays.
S&P 500, 1 hour chart, with 30, 15 and 5 minutes overlays.
Dow Jones Industrial Average, also 1 hour chart, with 4 hours, 15 and 5 minutes overlays.
Gold / US Dollar, 1D chart, with 600 minutes, 4 hours, 140 and 80 minutes overlays.
Euro / US Dollar, 4 days chart, with 1 day, 700 minutes and 4 hours overlays.
Availability and more information
For indicator availability, access instructions, and/or additional information, please use the corresponding link in the external links section below.
Thank you very much for your attention!
Cheers!
PHInkTrade
Multi Time Frame Trend, Volume and Momentum ProfileWHAT DOES THIS INDICATOR DO?
I created this indicator to address some of the significant inconveniences when analyzing a security, such as continually switching between different time frames to determine the trend and potential pullbacks, adding volume or volume-derived indicators, and finally, something that would help me determine the strength of the trend (maybe two additional indicators here). So I decided to code this all-in-one indicator that you can add multiple times to your chart depending on the settings you want to use, or just optimize the parameters for the particular asset and then switch between the options.
As the name suggests, it consists of three main sections - Trend , Volume , and Momentum . You have complete control over the parameters, including the Time Frames you want to use for each one (they can be different). So, let me explain each section in more detail.
HOW DOES THE INDICATOR WORK?
1. Trend Settings
In order to determine the trend, you need to set up two Moving Averages. You have a wide choice here - SMA, EMA, WMA, RMA, HMA, DEMA, TEMA, VWMA, and ALMA. Since the indicator does not plot the moving averages on the chart, I strongly suggest using this indicator along with the free "Trend Indicator for Directional Trading(main)" , which you can find in the Public Library. Once you set up the Trend Resolution, the Types of MAs, and their lengths, the indicator will generate a histogram of their convergences and divergences.
The change in colors should help you more easily determine the trend:
a) Bright Green - bull trend and price trending up (a good place to open long)
b) Dark Green - bull trend and price trending down (stay flat or open a long position with great caution)
c) Bright Red - bear trend and price trending down (a good place to open short)
d) Dark Red - bear trend and price trending up (stay flat or open a short position with great caution)
e) In addition, you can change the color palette to reflect the bull/bear trend momentum by scrolling to the bottom and selecting "Color Based on Bull/Bear Momentum", but I will discuss this in more detail below.
This part of the indicator is useful for opening a trade in the direction of the trend or for spotting a potential divergence. Both cases are illustrated below.
2. Volume Settings
The calculations for this part of the indicator are partially taken from "Multi Time Frame Effective Volume Profile" . I will quickly outline the specifics here, but if you want a more thorough understanding of how it works, please check the description of the MTF Effective Volume Profile indicator .
You have three elements with the following default settings - Resolution (5-min), Lookback (100), and Average (1). This means that the indicator will analyze the last one hundred 5-min bars and will plot a sum of only those that are at least 1 times bigger than the average. Those that are smaller than the average will be left out from the calculation. What you get is a trend line showing you accumulation/distribution based on modified volume parameters.
This part of the indicator is useful for spotting exhaustions and increased buying/selling volume that is opposite to the price trend. As you will see in the picture below, in frame 1 the selling pressure is decreasing, while buying volume is increasing. At one point supply dries out and the bulls take control, thus reverting the price. In frame 2, however, you can see that the higher high is not met with nearly as much buying volume as in the previous peak, showing that the bulls are exhausted and maybe a trend change will follow or at the very least that the bull trend will take a break.
3. Momentum Settings
The final part is an RSI smoothed through a Moving Average with the addition of some minor optimizations. Thus, the parameters you have to configure here aside from the resolution are the RSI length, the moving average that will be used, and its length. Out of the three, this is the most lagging component, but it's also the most accurate one. I must mention that due to the modified nature of this RSI, overbought and oversold levels carry less weight to the trading signals. Rather, pay attention to the change of colors, as they do so when the RSI changes direction based on preset parameters. The picture below shows such instances.
4. Additional Settings
This section consists of 4 elements:
a) Length of Trend - filters out the noise and gives a signal only when the trend becomes more established
b) ADX Threshold - filters out trading ranges and indecision zones when it's not recommended to open a trade
c) Select Analysis - choose what part of the indicator you want to see from a drop-down menu
d) Color Based on Bull/Bear Momentum - a global setting that will override the preset coloring of each indicator and will replace it with colors based on bull/bear strength and momentum - green for bulls, red for bears, and gray for non-trading zones.
The last part of this indicator is a combination of all of the above and is called a Points-Based System . It generates 3 rows of dots that go light green when bull criteria are met, orange when bear criteria are met, or gray when it's neither of the two. When you get a column of 3 green dots you get a buy signal. Similarly, a column of 3 orange dots gives you a sell signal. Grey zones are non-tradeable. It goes without saying that the frequency and quality of the signals you get will almost entirely depend on your settings, so feel free to experiment and adjust the indicator to catch the best moves for the given security.
In terms of indicator adjustments, I have left almost every part open to configuration. That is 15 parameters and 35 adjustable colors.
HOW MUCH DOES THE INDICATOR COST ?
As much as I would like to offer it for free (as some of my other ones), a great deal of work, trading logic, and testing have gone into creating this indicator. More than a few hundred iterations and a few dozen branches were required to reach the end result which is a precise combination of usefulness, simplicity, and practicality. Furthermore, this indicator will continue to be updated and user-requested features that improve its performance will be added.
Disclaimer: The purpose of all indicators is to indicate potential setups, which may lead to profitable results. No indicator is perfect and certainly, no indicator has a 100% success rate. They are subject to flaws, wrongful interpretation, bugs, etc. This indicator makes no exception. It must be used with a sound money management plan that puts the main emphasis on protecting your capital. Please, do not rely solely on any single indicator to make trading decisions instead of you. Indicators are storytellers, not fortune tellers. They help you see the bigger picture, not the future.
To find out more about how to gain access to this indicator, please use the provided information below or just message me. Thank you for your time.
Volatility Trend IndicatorThe Volatility Trade Indicator signals bullish / bearish trend based on the volatility of the underlying asset.
During bull markets, volatility is typically low and price moves occur slowly and steadily. During bear markets, volatility is typically high and price movement is much more volatile in both directions.
The Volatility Trade Indicator measures the volatility of the underlying asset in relationship to the historic volatility over a specific timespan.
Low volatility regimes are signaled in green with an indicator value of below 0, high volatility regimes are signaled in red with an indicator value above 0.
During low volatility regime you want to look for long entries, during high volatility regimes you want to look for short entries.
MrBS:Directional Movement Index [Trend Friend]I started this project with the goal of making a DMI/ADX that was easy to read at a glance. Its since become a little more then just colouring the slopes. The majority of the time, the best returns come from trending markets (THE TREND IS YOUR FRIEND... until the end) and I hope this helps people become good friends with the trends.
----- Features
- A function to change the values used for calculation from real OHLC and Heikin Ashi. This allows us to look at different chart types but see the specific ADX we choose. Originally HA values were used for calculation since it is easier to see trend on HA charts. However when testing it was not as effective as the ADX calculated from the real values on normal charts. So the default function was flipped and real OHLC values are used as default.
- Two ADX plots so we can see two different smoothness's. With a smoothing of 2, a slight slow down in PA can cause a negative slope but the smoother ADX will stay trending unless its a major change. 2nd ADX is slightly transparent.
- There is an EMA of the main ADX that can be used as a exit signal filter. If the ADX starts going down but has not crossed the EMA we would stay in a trade.
- Plots (excluding EMA) are coloured based on positive or negative slopes.
- Fibonacci numbers have been used to create different trend levels, instead of the standard 25, 50, 100.
- Alerts for every useful situation to help save time and not have to manually enter levels or crosses each time.
- In the code there are 8 EMAs and 3 ADXs but it was too much so they have been slashed out, but are fully functional if you choose to activate and use them. To reactivate the 3rd ADX delete slashes on lines 50, 65, 78, 92-95, 165. The slashed out EMAs are much more obvious and easy to reactivate.
Colours:
ADX going up = Green
ADX going down = Red
DMI+ going up = Bright Aqua
DMI+ going down = Turquoise / Dark Aqua
DMI- going up = Bright Purple
DMI- going down = Dark Purple
EMA = White (50% transparent)
If there is anything that would be useful, let me know and I will add it in. I've already got some improvements/changes planned and some of my notes can be found in the code.
There is also a strategy to go with this indicator that will be uploaded very soon.
