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Advanced Choppiness Indicator with CPMA"The Advanced Choppiness Indicator with CPMA is a technical analysis tool designed to assist traders in identifying choppy market conditions and determining trend direction. It combines two key components: the Choppiness Index and a Custom Price Moving Average (CPMA). The Choppiness Index is calculated using the Average True Range (ATR), which measures market volatility. It compares the ATR to the highest high and lowest low over a specified period. A higher Choppiness Index value indicates choppier market conditions, while a lower value suggests smoother and more directional price movements. The CPMA is a custom moving average that takes into account various price types, including the close, high, low, and other combinations. It calculates the average of these price types over a specific length. The CPMA provides a smoother trend line that can help identify support and resistance levels more accurately than traditional moving averages. When using this indicator, pay attention to the following elements: Yellow range boxes: These indicate choppy zones, where market conditions are characterized by low momentum and erratic price action. Avoid entering trades during these periods. Histogram bars: Green bars suggest an uptrend, while red bars indicate a downtrend. These bars are based on the CPMA and can help confirm the prevailing trend direction. CPMA angle: The angle of the CPMA line provides further insight into the trend. A positive angle indicates an uptrend, while a negative angle suggests a downtrend. Choppiness thresholds: The indicator includes user-defined thresholds for choppiness. Values above the high threshold indicate high choppiness, while values below the low threshold suggest low choppiness. Trade decisions: Consider the information provided by the indicator to make informed trading decisions. Avoid trading during choppy zones and consider entering trades in the direction of the prevailing trend. Remember that the indicator's parameters, such as ATR length and CPMA length, can be adjusted to suit your trading preferences and timeframe. However, it's important to use this indicator in conjunction with other technical analysis tools and your trading strategy for comprehensive market analysis." By combining the Choppiness Index, CPMA, and other visual cues, this indicator aims to help traders identify suitable trading conditions and make more informed decisions based on market trends and volatility.
Pine Script® indicator
by chhagansinghmeena
Donchian Trend V1The Donchian Trend strategy is a trend-following approach that uses the Donchian Channels indicator to identify potential entry and exit points in a security. The Donchian Channels are formed by taking the highest high and the lowest low prices over a specified period and plotting them as upper and lower channels around the current price. The width of the channels indicates the level of volatility in the market. In this strategy, the Donchian Channels are used as a trend filter to determine the direction of the market. When the price is above the upper channel, it suggests an uptrend, and when the price is below the lower channel, it indicates a downtrend. The length of the Donchian Channels is a key parameter in the strategy, as it determines the look-back period for identifying the high and low prices. Additional Logic: To further refine the entry and exit signals, The script uses two moving averages, a fast one (MA5) and a slow one (MA45), to identify trends and generate trading signals. When the fast moving average crosses above the slow moving average, a buy signal is generated, indicating that the market is trending upwards. Conversely, when the fast moving average crosses below the slow moving average, a sell signal is generated, indicating that the market is trending downwards. Evaluation: The script was backtested on historical price data for the pair. The backtest results showed that the script was able to generate a net profit of , with a profit factor of and a Sharpe ratio of . The script also includes metrics such as the number of winning and losing trades, the average trade, and the largest winning and losing trades. The strategy is evaluated based on its net profit, gross profit, gross loss, max run-up, max drawdown, buy & hold return, Sharpe ratio, Sortino ratio, and profit factor. The parameters used in the backtest include a Donchian Channel length of 42, which corresponds to a weekly time with divide of 4h time frame, and a short-term MA of 5 and a long-term MA of 45 for more accurate entry and exit signals. Disclaimer: This script is for educational and research purposes only and should not be used for trading with real money without further testing and validation. Past performance is not indicative of future results.
Pine Script® strategy
by Oracle_Systems
1-2-3 Pattern (Expo)█ Overview The 1-2-3 pattern is the most basic and important formation in the market. Almost every great market move has started with this formation. That is why you must use this pattern to detect the next big trend. In fact, every trader has used the 1-2-3 formation to detect a trend change without realizing it. Our 1-2-3 Pattern (Expo) indicator helps traders quickly identify the 1-2-3 Reversal Pattern automatically. By analyzing the price action data, the indicator shows the pattern in real-time. When the pattern is discovered, the 1-2-3 Pattern (Expo) Indicator notifies you via its built-in alert feature! Catching the upcoming big move can't be that much simpler. █ How to use The 1-2-3 pattern is used to spot trend reversals. The pattern indicates that a trend is coming to an end and a new one is forming. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script® indicator
by Zeiierman
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