Logistic RSI, STOCH, ROC, AO, ... by DGTExperimental attemt of applying Logistic Map Equation for some of widly used indicators.
With this study "Awesome Oscillator (AO)", "Rate of Change (ROC)", "Relative Strength Index (RSI)", "Stochastic (STOCH)" and a custom interpretation of Logistic Map Equation is presented
Calculations with Logistic Map Equation makes sense when the calculated results are iterated many times within the same equation.
Here is the Logistic Map Equation : Xn+1 = r * Xn * (1 - Xn)
Where, the value of r is the key for this equation which changes amazingly the behaviour of the Logistic Map.
The value we have asigned for r is less then 1 and greater than 0 ( 0 < r < 1) and in this case the iterations performed with the maximum number of output series allowed by Pine is quite enough for our purpose and thanks to arrays we can easiliy store them for further processing
What we have as output:
Each iteration result is then plotted (excluding plotting the first iteration), as circles or line based on user preference
Values above and below zero level (0) are coloured differently to emphasis bull and bear power
Finally Standard Deviation of Array's Elements is ploted as line. Users may choose to display this line only
So where it comes the indicators "Awesome Oscillator (AO)", "Rate of Change (ROC)", "Relative Strength Index (RSI)", "Stochastic (STOCH)".
Those are the indicators whose values are assigned to our key varaiable in the Logistic Map equation forulma which is r
Further details regarding Logistic Map can found under the description of “Logistic EMA w/ Signals by DGT” study
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Backtest
MACD-X, More Than MACD by DGTMoving Average Convergence Divergence – MACD
The most popular indicator used in technical analysis, the moving average convergence divergence (MACD), created by Gerald Appel. MACD is a trend-following momentum indicator, designed to reveal changes in the strength, direction, momentum, and duration of a trend in a financial instrument’s price
Historical evolution of MACD,
- Gerald Appel created the MACD line,
- Thomas Aspray added the histogram feature to MACD
- Giorgos E. Siligardos created a leader of MACD
MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, MACD takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum.
Mathematically expressed as;
macd = ma(source, fast_length) – ma(source, slow_length)
signal = ma(macd, signal_length)
histogram = macd – signal
where exponential moving average (ema) is in common use as a moving average (ma)
fast_length = 12
slow_length = 26
signal_length = 9
The MACD indicator is typically good for identifying three types of basic signals ;
Signal Line Crossovers
A Signal Line Crossover is the most common signal produced by the MACD. On the occasions where the MACD Line crosses above or below the Signal Line, that can signify a potentially strong move. The standard interpretation of such an event is a recommendation to buy if the MACD line crosses up through the Signal Line (a "bullish" crossover), or to sell if it crosses down through the Signal Line (a "bearish" crossover). These events are taken as indications that the trend in the financial instrument is about to accelerate in the direction of the crossover.
Zero Line Crossovers
Zero Line Crossovers occur when the MACD Line crossed the Zero Line and either becomes positive (above 0) or negative (below 0). A change from positive to negative MACD is interpreted as "bearish", and from negative to positive as "bullish". Zero crossovers provide evidence of a change in the direction of a trend but less confirmation of its momentum than a signal line crossover
Divergence
Divergence is another signal created by the MACD. Simply, divergence occurs when the MACD and actual price are not in agreement. A "positive divergence" or "bullish divergence" occurs when the price makes a new low but the MACD does not confirm with a new low of its own. A "negative divergence" or "bearish divergence" occurs when the price makes a new high but the MACD does not confirm with a new high of its own. A divergence with respect to price may occur on the MACD line and/or the MACD Histogram
Moving Average Crossovers , another hidden signal that MACD Indicator identifies
Many traders will watch for a short-term moving average to cross above a longer-term moving average and use this to signal increasing upward momentum. This bullish crossover suggests that the price has recently been rising at a faster rate than it has in the past, so it is a common technical buy sign. Conversely, a short-term moving average crossing below a longer-term average is used to illustrate that the asset's price has been moving downward at a faster rate and that it may be a good time to sell.
Moving Average Crossovers in reality is Zero Line Crossovers, the value of the MACD indicator is equal to zero each time the two moving averages cross over each other. For easy interpretation by trades, Zero Line Crossovers are simply described as positive or negative MACD
False signals
Like any forecasting algorithm, the MACD can generate false signals. A false positive, for example, would be a bullish crossover followed by a sudden decline in a financial instrument. A false negative would be a situation where there is bearish crossover, yet the financial instrument accelerated suddenly upwards
What is “MACD-X” and Why it is “More Than MACD”
In its simples form, MACD-X implements variety of different calculation techniques applied to obtain MACD Line, ability to use of variety of different sources , including Volume related sources, and can be plotted along with MACD in the same window and all those features are available and presented within a single indicator, MACD-X
Different calculation techniques lead to different values for MACD Line, as will further discuss below, and as a consequence the signal line and the histogram values will differentiate accordingly. Mathematical calculation of both signal line and the histogram remain the same.
Main features of MACD-X ;
1- Introduces different proven techniques applied on MACD calculation , such as MACD-Histogram, MACD-Leader and MACD-Source, besides the traditional MACD (MACD-TRADITIONAL)
• MACD-Traditional , by Gerald Appel
It is the MACD that we know, stated as traditional just to avoid confusion with other techniques used with this study
• MACD-Histogram , by Thomas Aspray
The MACD-Histogram measures the distance between MACD and its signal line (the 9-day EMA of MACD). Aspray developed the MACD-Histogram to anticipate signal line crossovers in MACD. Because MACD uses moving averages and moving averages lag price, signal line crossovers can come late and affect the reward-to-risk ratio of a trade. Bullish or bearish divergences in the MACD-Histogram can alert chartists to an imminent signal line crossover in MACD
The MACD-Histogram represents the difference between MACD and its 9-day EMA, the signal line. Mathematically,
macdx = macd - ma(macd, signal_length)
Aspray's contribution served as a way to anticipate (and therefore cut down on lag) possible MACD crossovers which are a fundamental part of the indicator.
Here come a question, what if repeat the same calculations once more (macdh2 = macdh - ma(macdh, signal_length), will it be even better, this question will remain to be tested
• MACD-Leader , by Giorgos E. Siligardos, PhD
MACD Leader has the ability to lead MACD at critical situations. Almost all smoothing methods encounter in technical analysis are based on a relative-weighted sum of past prices, and the Leader is no exception. The concealed weights of MACD Leader are such that more relative weight is used in the more recent prices than the respective weights used by the components of MACD. In effect, the Leader expresses more changes in average price dynamics for the recent price movement than MACD, thus eventually leading MACD, especially when significant trend changes are about to take place.
Siligardos creates two less-laggard moving averages indicators in its formula using the same periods as follows
Indicator1 = ma(source, fast_length) + ma(source - ma(source, fast_length), fast_length)
Indicator2 = ma(source, slow_length) + ma(source - ma(source, slow_length), slow_length)
and then take the difference:
Indicator1 - Indicator2
The result is a new MACD Leader indicator
macdx = macd + ma(source - fast_ma, fast_length) - ma(source - slow_ma, slow_length)
• MACD-Source , a custom experimental interpretation of mine ,
MACD Source, presents an application of MACD that evaluates Source/MA Ratio, relatively with less lag, as a basis for MACD Line, also can be expressed as source convergence/divergence to its moving average. Among the various techniques for removing the lag between price and moving average (MA) of the price, one in particular stands out: the addition to the moving average of a portion of the difference between the price and MA. MACD Source, is based on signal length mean of the difference between Source and average value of shot length and long length moving average of the source (Source/MA Ratio), where the source is actual value and hence no lag and relatively less lag with the average value of moving average of the source . Mathematically expressed as,
macdx = ma(source - avg( ma(source, fast_length), ma(source, slow_length) ), signal_length)
MACD Source provides relatively early crossovers comparing to MACD and better momentum direction indications, assuming the lengths are set to same values
For further details, you are invited to check the following two studies, where the first seeds were sown of the MACD-Source idea
Price Distance to its Moving Averages study, adapts the idea of “Prices high above the moving average (MA) or low below it are likely to be remedied in the future by a reverse price movement", presented in an article by Denis Alajbeg, Zoran Bubas and Dina Vasic published in International Journal of Economics, Commerce and Management
First MACD like interpretation comes with the second study named as “ P-MACD ”, where P stands for price, P-MACD study attempts to display relationship between Price and its 20 and 200-period moving average. Calculations with P-MACD were based on price distance (convergence/divergence) to its 200-period moving average, and moving average convergence/divergence of 20-period moving average to 200-period moving average of price.
Now as explained above, MACD Source is a one adapted with traditional MACD, where Source stands for Price, Volume Indicator etc, any source applicable with MACD concept
2- Allows usage of variety of different sources, including Volume related indicators
The most common usage of Source for MACD calculation is close value of the financial instruments price. As an experimental approach, this study will allow source to be selected as one of the following series;
• Current Close Price (close)
• Average of High, Low, and Close Price (hlc3)
• On Balance Volume (obv)
• Accumulation Distribution (accdist)
• Price Volume Trend (pvt)
Where,
-Current Close Price and Average of High, Low, and Close Price are price actions of the financial instrument
- Accumulation Distribution is a volume based indicator designed to measure underlying supply and demand
- On Balance Volume (OBV) , is a momentum indicator that measures positive and negative volume flow
- Price Volume Trend (PVT) is a momentum based indicator used to measure money flow
3- Can be plotted along with MACD in the same window using the same scaling
Default setting of MACD-X will display MACD-Source with Current Close Price as a source and traditional MACD can be plotted eighter as a companion of MACD-X or can be selected to be plotted alone.
Applying both will add ability to compare, or use as a confirmation of one other
In case, traditional MACD Is plotted along with MACD-X to avoid misinterpreting, the lines plotted, the area between MACD-X Line and Signal-X Line is highlighted automatically, even if the highlight option not selected. Otherwise highlight will be applied only if that option selected
4- 4C Histogram
Histogram is plotted with four colors to emphasize the momentum and direction
5- Customizable
Additional to ability of selecting Calculation Method, Source, plotting along with MACD, there are few other option that allows users to customize the MACD-X indicator
Lengths are configurable, default values are set as 12, 26, 9 respectively for fast, slow and smoothing length. Setting lengths to 8,21,5 respectively Is worth checking, slower length moving averages will lead to less lag and earlier reaction to price actions but yet requires a caution and back testing before applying
Highlight the area between MACD-X Line and Signal-X Line, with colors emphasising the direction
Label can be added to display Calculation Method, Source and Length settings, the aim of this label is to server only as a reminder to trades to be aware of settings while they are occupied with charts, analysis etc.
Here comes another question, which is of more importance having the reminder or having the indicators with multi timeframe feature? Build-in Multi Time Frame features of Pine is not supported when labels and lines introduced in the script, there are other methods but brings complexity. To be studied further, this version will be with labels for time being.
Epilogue
MACD-X is an alternative variant of MACD, the insight/signals provided by MACD are also applicable to MACD-X with early and clear warnings for the changes in the trend.
If MACD is essential to your analysis, then it is my guess that after using the MACD-X for a while and familiarizing yourself with its unique character and personality, you will make it an inseparable companion to other indicators in your charts.
The various signals generated by MACD/MACD-X are easily interpreted and very few indicators in technical analysis have proved to be more reliable than the MACD, and this relatively simple indicator can quickly be incorporated into any short-term trading strategy
Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Momentum adjusted Moving Average by DGTA brand new Moving Average , calculated using Momentum, Acceleration and Probability (Psychological Effect).
Momentum adjusted Moving Average(MaMA) is an indicator that measures Price Action by taking into consideration not only Price movements but also its Momentum, Acceleration and Probability. MaMA, provides faster responses comparing to the regular Moving Average
Here is the math of the MaMA idea
Momentum measures change in price over a specified time period
momentum = source – source(length)
where,
source, indicates current bar’s price value
source(length), indicates historical price value of length bars earlier
Lets play with this formula and rewrite it by moving source(length) to other side of the equation
source = source(length) + momentum
to avoid confusion let’s call the source that we aim to predict as adjustedSource
adjustedSource = source(length) + momentum
looks nice the next value of source simply can be calculated by summing of historical value of the source value and value of the momentum. I wish it was so easy, the formula holds true only when the momentum is conserved/constant/steady but momentum move up or down with the price fluctuations (accelerating or decelerating)
Let’s add acceleration effects on our formula, where acceleration is change in momentum for a given length. Then the formula will become as (skipped proof part of acceleration effects, you may google for further details)
adjustedSource = source(length) + momentum + 1/2 * acceleration
here again the formula holds true when the acceleration is constant and once again it is not the case for trading, acceleration also changes with the price fluctuations
Then, how we can benefit from all of this, it has value yet requires additional approaches for better outcome
Let’s simulate behaviour with some predictive approach such as using probability (also known as psychological effect ), where probability is a measure for calculating the chances or the possibilities of the occurrence of a random event. As stated earlier above momentum and acceleration are changing with the price fluctuations, by using the probability approach we can add a predictive skill to determine the likelihood of momentum and acceleration changes (remember it is a predictive approach). With this approach, our equations can be expresses as follows
adjustedSource = source(length) + momentum * probability
adjustedSource = source(length) + ( momentum + 1/2 * acceleration ) * probability , with acceleration effect
Finally, we plot MaMA with the new predicted source adjustedSource, applying acceleration effect is made settable by the used from the dialog box, default value is true.
What to look for:
• Trend Identification
• Support and Resistance
• Price Crossovers
Recommended settings are applied as default settings, if you wish to change the length of the MaMA then you should also adjust length of Momentum (and/or Probability). For example for faster moving average such as 21 period it would be suggested to set momentum length to 13
Alternative usage , set moving average length to 1 and keep rest lengths with default values, it will produce a predictive price line based on momentum and probability. Experience acceleration factor by enabling and disabling it
Conclusion
MaMA provide an added level of confidence to a trading strategy and yet it is important to always be aware that it implements a predictive approach in a chaotic market use with caution just like with any indicator
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Momentum Acceleration by DGTItalian physicist Galileo Galilei is usually credited with being the first to measure speed by considering the distance covered and the time it takes. Galileo defined speed as the distance covered during a period of time. In equation form, that is v = Δd / Δt where v is speed, Δd is change in distance, and Δt is change in time. The Greek symbol for delta, a triangle (Δ), means change.
Is the speed getting faster or slower?
Acceleration will be the answer, acceleration is defined as the rate of change of speed over a set period of time, meaning something is getting faster or slower. Mathematically expressed, acceleration denoted as a is a = Δv / Δt , where Δv is the change in speed and Δt is the change in time.
How to apply in trading
Lets think about Momentum, Rate of Return, Rate of Change all are calculated in almost same approach with Speed
Momentum measures change in price over a specified time period,
Rate of Change measures percent change in price over a specified time period,
Rate of Return measures the net gain or loss over a specified time period,
And Speed measures change in distance over a specified time period
So we may state that measuring the change in distance is also measuring the change in price over a specified time period which is length, hence
speed can be calculated as (source – source )/length and acceleration becomes (speed – speed )/length
In this study acceleration is used as signal line and result plotted as arrows demonstrating bull or bear direction where direction changes can be considered as trading setups
Just a little fun, since we deal with speed the short name of the study is named after famous cartoon character Speedy Gonzales
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
Disclaimer: The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Candle Crawler V1 [Moon]Candle Crawler is designed to crawl back through candle and bar data to retrieve specific values of interest.
The first implementation shows
Total bars or candles on any specific time frame or asset to the beginning of the chart. This can be used for backtesting or looking for specific assets / time frames that have a lot of backtest data.
- *usually* More backtest data = More accurate strategy implementation or live testing.
Crawls back and counts Red vs Green candles in a defined period (the max is 4999 total bars).
Use this to identify bearish or bullish trends and assets.
- *hint* if an asset through time is leaning heavily one way, a long-only or short-only strategy may be worth investigating.
Plots days of the week on each candle within it's specific day (turned off by default).
Default view of Total Candles + R/G (note if you want to turn off the labels go to the "Style" tab and just uncheck "Labels" at the bottom).
Works on any asset or timeframe including stocks and forex.
Easily filter days on or off to identify specific patterns or trends (check the "days of the week" box for ON|OFF) or head to the "style" tab to customize days or colors.
Most precise on the Daily (D) timeframe, but applicable on any.
If interested send me a DM.
[FN] Session Range & Date Range For BacktestingThis has been done before in different ways, however, my goal is to publish a single, simplified copy/paste version of the idea so you can quickly and easily incorporate it into your strategy backtesting.
You can designate weekdays, weekdays + weekends for 24/7 markets, and also session range.
So, you trade bitcoin? It works. CME futures? It works. You are a discretionary trader so the only signals that matter are the ones that happen when you're awake? It works. Copy and paste.
The goal is that its that easy. You'll have to let me know if it is. glhf everyone.
If I'm not mistaken, you should be able to copy/paste this directly into your strategy script (Paste it in before your entry declarations). Just leave out the last 2 lines where the bgcolor() is declared... unless you want the background color lit up, that's up to you. It's just for demonstration purposes in this script.
After you've pasted it in, then in your strategy.entry() function you are adding: to the strategy.entry() function.
e.g:
strategy.entry("Long", strategy.long, qty=1, when = ENTRY_SIGNAL and signal_backtest())
Shoutouts to @zenandtheartoftrading and @allanster for providing the basis of this code that I put together here. We stand on the shoulders of giants.
Quansium Allocation RatioThis tool finds the most optimal allocation size for each trading setup. It has 3 modes.
Basic (it meets the minimum profitability requirements):
% Profitable: the probability of winning and is calculated by dividing the number of winning trades by the total number of trades.
Profit Ratio: a measure of the ability to generate profit instead of loss and is calculated by taking the average profit from all winning trades divided by the average losses on all losing trades.
Medium (it takes into account the maximum loss to stabilize the overall risk among the partitions):
Max Drawdown: the "worst-case scenario" for a trading period. It measures the greatest distance, or loss, from a previous equity peak.
Advanced (loss is not the only risk taken, the reward to risk ratio must also be accounted for):
Monthly Profit: the amount of average return a system provides on a monthly basis.
Monthly Loss: the highest loss given during the period of a month. It can be substituted by the Max Drawdown.
Notes :
The "check boxes" inputs are there as cosmetic separators.
"Basic" mode comes with preset values. To activate other modes, you must use a value higher than "0".
This shows the amount of percentage you should allocate for the setup you inserted the metrics for.
It is recommended to get values for each mode and find out on past data which works best for you.
Buy & Sell XRPBTC:BINANCE 2H Trading BotBuy & Sell Alert system for BINANCE:TRXBTC
Goal is to Beat Buy & Hold on the 2H (see backtest below)
Built upon the Supertrend, ADX and Tilson T3 indicators.
A trailing Stop loss in integrated to the script, as well as a Take profit system.
To get the indicator, please use the link below, thanks!
HXRO Bot Backtest Time HighlightThis script allows you to highlight the HXROBot backtest interval with the possibility of fragmenting the view to better identify the key areas of your strategy
Customizable MACD (how to detect a strong convergence)Helloooo traders
I wondered once if a MACD was based on an EMA/EMA/SMA or SMA/SMA/EMA (or WHATEVA/WHATEVA/WHATEVA).
Seems they're so many alternatives out there.
I decided to empower my audience more by choosing the type of moving averages you want for your MACD.
More options doesn't always mean better performance - but who knows - some might find a config that they like with it for their favorite asset/timeframe.
I added also a multi-timeframe component because I'm a nice guy ^^
Convergence is my BEST friend
An oscillator (like MACD) is to measure how strong a momentum is - generally, traders use those indicators to confirm a trend.
So understand that a MACD (or any other indicator not based on convergence ) won't likely be sufficient for doing great on the market.
Combined with your favorite indicator, however, you may get great results.
My indicators fav cocktail is mixing :
1) an oscillator (momentum confirmation)
2) a trendline/key level break (momentum confirmation)
3) adding-up on a different trading method but still converging with the first entry.
The reason I'm deep with convergence detection is because I'm obsessed with removing those fakeout signals. You know which ones I'm talking about :)
Those trades when the market goes sideways but our capital goes South (pun 100% intended) - 2 days later, the price hasn't changed much but some lost some capital due to fees, being overexposed, buying the top/selling the bottom of a range they didn't identify.
It's publicly known that ranges are the worst traders' enemy. It's boring, not fun, and .... end up moving in the direction we expected when we go to sleep or outside.
NO ONE/BROKER/EX-GF is tracking your computer - I checked also for mine as it happened for me way too often in the past.
I surely preferred blaming a few external unknown conditions than improving my TA back in the days #bad #dave
But my backtest sir...
Our backtests show what they're being told to show . A backtest without a stop-loss/hard exit logic will show incredible results.
Then trying that backtest with live trading is like in the Matrix movie - discovering the real world is tough and we must choose between the blue pill (learning how to evaluate properly risk/opportunity caught) and the red pill (increasing the position sizing, not setting a stop loss, holding the positions hoping for the best)
Last few words
Convergences aren't invented because it's cool to mix indicators with others. (it is actually and even fun)
They're created to remove most of the fakeouts . For those that can't be removed - a strong risk management would cut most of the remaining potential big losses.
No system works 100% of the time - so a convergence system needs a back-up plan in case the converged signal is wrong (could be stop-loss, hard exit, reducing position sizing, ...)
Wishing you the BEST and happy beginning of your week
Daveatt
Real Candles Heikin Ashi (HA) Candle functionsThis script plots both real and HA candles regardless or which are used on the chart in TV settings.
(and has the functions for you to use.)
Lots of people seem to misunderstand backtesting (or scam people) based on HA candles.
Backtesting with HA candles leads to impossible trades. ALWAYS backtest with real candles.
That doesn't mean you might not want to look at HA candle values to make trading decisions.
Add the code below to calculate HA candles from real and use that in your HA trading algo,
but test it on real charts.
Backtest PREMIUM Suite+ (Plug & Play)Hello traders
I. 💎 SCRIPTS ACCESS AND TRIALS 💎
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :)
3. Many video tutorials explaining clearly how all our indicators work are available on our website > guides section.
4. You may also contact me directly for more information
II. 🔎 Backtest PREMIUM Suite+ (Plug & Play) 🔎
2.1 Forewords
This indicator is available only to our PREMIUM 12 months users. YES! I said indicator, and not strategy or backtest for an excellent reason.
We wanted to make it as generic as possible and allow anyone to connect any indicator of his/her choice in a few clicks only.
This is NOT possible (in TradingView) with a strategy/backtest, but only with an indicator - that's why we worked on recoding the whole backtest logic as an indicator.
The PRO edition does not handle any pyramiding/re-entry - as such enters only once per trend by design. This feature is reserved for our PREMIUM users.
2.2 Concept
This is an indicator that I saw on TradingView and was introduced by the @Pinecoders account on TradingView.
I inspired myself from his Backtest Engine to offer a version more adapted to my vision - The benefits of connecting yourself any indicator to our Backtest engine are amazing and huge.
The concept can't be more simple. Imagine using any indicator and connecting to a backtest system in a single click.
You may connect your Algorithm Builder also to this complete backtesting system in a single click.
What's better between paying thousands for each backtest, or connecting yourself your indicators to your backtest with a click?
That was a rhetoric question, but you can still share your answer with me if you want to :)
III. The amazing benefits of our🔌&🕹️ (Plug&Play) system
Issue #1 💲 A BACKTEST SYSTEM IS COSTLY 💲
Hiring a developer to code a custom indicator is costly. For a custom backtest it's even more expensive as those scripts are very often way more complicated.
Now imagine, that now that you see your idea live on a chart, you'll realize you'll have to finance another backtest system, as the one you have is not compatible with your new idea.
Solution #1 💲💲 YOU COULD BE SAVING SOME MONEY 💲💲
just because it won't be needed to hire someone else for each of your trading idea.
We will never guarantee your success on the market, but THIS I stand by it any day any hour.
You can connect any indicator or your choice by updating your indicator slightly and connecting it to our Backtest engine. We send the tutorial for doing it to all our customers.
Issue #2 🕔 IT'S TIME-CONSUMING 🕔
Even if someone is doing all the coding for you, it might require days/weeks depending on your overall trading strategy/idea.
Without even counting the time for you to test/validate the work done and all the back-and-forth to fix all the issues.
Solution #2 SAVING TIME MIGHT EQUATES TO SAVING MONEY : 🕔 = 💲💲💲
I wish it could be as easy as going from weeks of coding to "1 single click" :)
I did the heavy-lifting, but you'll have to make the last effort the cross the finishing line. I made it easy for you to play with it and find a configuration that makes sense to YOU and for your strategy/asset/timeframe
Issue #3 ❌ IT'S COMPLICATED ❌
Someone did a backtest code for you, but... you can't update it because you either :
- don't know anything in programming
- ... and don't have time to learn (most of us have a job/family/...life)
- The system you have is way too specific for one of your previous idea, but can't be updated easily for your next trading ideas. I see a lot of traders nodding right now thinking "that's soooooo true !!!!"
Solution #3 🎉 WE MADE IT EASY AND FUN 🎉
Our goal is to externalize the technical stuff that you don't want to take care of - so that you can finally focus on your trading and optimizing your ideas. #bold #statement
In case you're wondering, no we're not reading your mind :), but we're also traders who didn't know how to code before and had to hire external programmers to do the heavy work for us.
You can be sure that most of the frustrations (trading, technical, ...) you have/had, we had them also and that's why we created this backtest indicator.
III. 🔌&🕹️
Hope you're ready to be impressed. Because, what I'm about to introduce, is my best-seller feature - and available across many of my indicators.
In TradingView, there is a feature called "Indicator on Indicator" meaning you can use an external indicator as a data source for another indicator.
I'm using that feature to connect any external indicator to our Backtest PREMIUM Suite+ (Plug & Play) - hence the plug and play name. Please don't make it a plug and pray :) it's supposed to help you out, not to stress you even more
Let's assume you want to connect your Algorithm Builder Multiple Trends+ to your Backtest PREMIUM Suite+
I mentioned an Algorithm Builder but you may connect any oscillator (MACD, On balance volume, stochastic RSI, True Strenght index, and many more..) or non-oscillator (divergence, trendline break, higher highs/lower lows, candlesticks pattern, price action, harmonic patterns, ...) indicators.
THE SKY IS (or more likely your imagination) is the limit :)
Fear no more. The Plug&Play technology allows you to connect it and use it the backtest calculations.
This is not magic, neither is sorcery, but certainly is way beyond the most awesome thing I've ever developed on TradingView (even across all brokers I know). #bolder #statement
TradingView is the best trading platform by far and I'm very grateful to offer my indicators on their website.
To connect your external indicator to ours, we're using a native TradingView feature, which is not available for all users.
It depends on your TradingView subscription plan ( More info here )
If you intend to use our Algorithm Plug&Play indicator, and/or our Backtest Plug&Play suites, then you must upgrade your TradingView account to enjoy those features.
We value our relationship with our customers seriously, and that's why we're warning you that a compatible TradingView account type is required - at least PRO+ or PREMIUM to add more than 1 Plug&Play indicator per account.
We go in-depth on our website why the Plug&Play is an untapped opportunity for many traders out there - URL available on my profile status and signature
IV. 📊 Make it nice! 📊
Now we're getting right into the fun stuff.
Let's explore briefly each display option (symbolized by an 👁️🗨️ in the Backtest UI) :
- Color Traded Background : Color the chart background is green when in a BUY trade, in red when in a SELL trade. If the Backtest is not in a trade, then the background won't be colored.
- Show Entry/Exit Markers : Displays the entries (Enter Long/Enter Short), and exits (Exit Long/Exit Short) labels.
- Show Entry Level : Displays a blue level line to easily identify the entry price of a trade.
- Show Take Profit Level : Display a purple line to visualize where the Take Profit level is (we'll explain below how to set it up).
- Show In-Trade Stops : Display the stop-loss
V. Backtesting filters
A backtest should have some filters helping the traders testing a few hypotheses. Well.... we included a ton of them.
Once again, thank you @Pinecoders for the help and support you gave me
5.1 ↑ Trade Direction ↓
- Both: The backtest takes the BUY, and SELL trades.
- Longs only/Short only: To be used if the trader wants to take the trades in a unique direction only
5.2 ▲🔷Pyramiding🔷▼
The Backtest PRO allows 1 entry per identified trend
Pyramiding has many names such as Re-entry, secondary trend, Additional entry, ...
Basically, it refers to entering multiple times in the same trend.
Maximum Number of Pyramiding Entries: Literally the max number of re-entries in the same trend.
For instance, if set to 2, then depending on the signals, you'll get at most 2 re-entries in the same trade direction.
- Position Size Multiple of Original Entry Position: Option to add X multiples of the original position size for the re-entries.
Example: Position size multiple = 2, and First entry size is $100. Then, the re-entries position sizes will be ($100 X 2 = $200).
5.3 ▄ █ Position sizing █ ▄
- 1. % of Equity: If selected, the position size used is the input to the right of 1. % of Equity.
Example: The trader starts with a capital of 100K. After a winning trade, your total capital is $103K - for the next trade the position size will be 3% of $103K
- 2. % of Capital: If selected, the position size used is the input to the right of 2. % of Capital.
In other words, the position size will always be the same position size as calculated on the initial capital.
Example: The trader starts with a capital of 100K. After a winning trade, your total capital is $103K - for the next trade the position size will be 5% of $100K. (As 100K is the initial capital used in our dummy example)
5.4⛔ Entry Stops and In-Trade Stops ⛔
We didn't reinvent the wheel here. Any good backtest should offer an entry stop-loss and an in-trade stop-loss.
Giving only here also an example among all the use cases. For instance, the trader sets a stop-loss 2% at the time of entry on your trade, but once the trade moves in the desired direction, the trader might want a trailing stop-loss using a 4% input.
Example: A trader goes LONG on only 1 "ABC" stock evaluated $10 per share.
1) The entry-stop loss will be 2% away so set at $8
2) A candle
3) The trailing stop will activate, and move the stop-loss from the entry stop-loss level (=$8) to $8.32 (=4% move up from $8) - and so on, and so forth for each time the price moves 4% up
The entry and in-trade stop losses can absolutely be identicals. There is no universal rule, and as always you know the drill - all depends on your backtest, and trading strategy as a whole.
5.5 ❌ Hard Exits ❌
⚠️The Backtest PRO Suite offers the hard exit on MACD only.
Our Backtest PREMIUM Suite offers 2 more indicators to invalidate your trades on :
1. MACD
2. Trend Direction
3. RSI divergence (Regular, and Hidden)
The hard exit (or invalidation) is a fundamental part of my trading method.
I explained numerous times on TradingView, our website, and social media channels why I "love" this concept so much, and how it saved my trading account numerous times from getting savagely wrecked by the market.
5.6 💲💲 Take Profit 💲💲
We only included 1 level of Take Profit so far. We'll work on adding at least one more soon.
You can set your Take Profit level based on either a:
1- Fixed value
2 - Percentage value
5.7 📆 Date Range Filtering 📆
If enabled, the backtest only uses the data between the starting and the ending dates of the defined range.
5.8 ⏱️ Hourly Range Filtering ⏱️
Please note that the hours filtering is based on the broker time - not on your chart time.
In other words, if your chart is UTC+1, but you're trading an asset from a US EAST COAST broker, then the timezone used is the UTC-4 timezone.
You'll must be wary of this when filtering and probably do a quick (but simple) calculation before setting up this option.
The easiest would be to set your chart timezone on the broker local timezone (and no math is needed).
Let's add a quick note that the hourly filter is also included in our Algorithm Builders PRO/PREMIUM 12 months. #shameless #self #advertising
5.9 ❗❗ Fees and Slippage ❗❗
Too often completely ignored by many traders, the fees can eat gains out quickly/deepen one's capital faster than expected.
⚠️The fees vary between brokers, and asset traded - it could be recommended to check on your broker page what are the fees for the asset on your chart, and insert that percentage number.
Another cost ignored, even more, is the Slippage.
i.e. think about a Stop-Loss being hit, and we're so confused because we see on the chart that NEVER the price came even close to your SL level, but... it got hit anyway.
Yes! we know how frustrating it is, but that's the game we're playing, and trading should never be about blaming the game, but only blaming the players/traders/ourselves.
Blaming the game constantly is likely to not end with good performance results, but accounting for this "risk", and being able to quantify it is an incredible hedge. #bold #statement #level #10000
5.10 🔔 Alerts 🔔
By design, the alerts aren't available for strategy scripts. But this script is an... indicator so why should we not enjoy all the cards in our hands the fullest.
We enabled the alerts on the:
1. Main BUY/SELL Entry
2. Pyramiding BUY/SELL Entries
3. Exit Signals such as stop-loss, take-profit, hard-exits
You're welcome :)
VI. 📝 Where are the backtest results? 📝
Answer: in the Data Window section of your TradingView
Now the cherry on the cake if we might say so. A backtest is cool, but visualizing results is actually the end goal here.
Our PREMIUM users benefit from way more analytics than the PRO users.
More info available on our website.
The Data Window is dynamic - it means whenever you'll mouseover at a give time on your chart, the data on that panel automatically updates.
Let's assume you're backtesting your idea between Sept 1st, 2019, and Oct 1st, 2019.
If your mouse cursor is located (or hovered) at a candle on Sept 14th, 2019 (data chosen randomly for this example), then the data displayed only includes the results between Sept 1st, and Sept 14th.
More info available on our website with a nice tutorial video. Data window metrics and filters explained on our website
Here's what the data window looks like: imgur.com
If you have any doubt or question, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or the best indicators.
You only will judge and I'll appreciate all the questions and feedback you're sending my way.
They help me a ton to develop indicators based on all the requests I received.
Kind regards,
Dave
Backtest PRO Suite+ (Plug & Play)Hello traders
I. SCRIPTS ACCESS AND TRIALS
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :)
3. Many video tutorials explaining clearly how all our indicators work are available on your website > guides section.
4. You may also contact me directly for more information
II. Backtest PRO Suite+ (Plug & Play)
2.1 Forewords
This indicator is available only to our PRO 12 months users. YES! I said indicator, and not strategy or backtest for an excellent reason.
We wanted to make it as generic as possible and allow anyone to connect any indicator of his/her choice in a few clicks only.
This is NOT possible (in TradingView) with a strategy/backtest, but only with an indicator - that's why we worked on recoding the whole backtest logic as an indicator.
The PRO edition does not handle any pyramiding/re-entry - as such enters only once per trend by design. This feature is reserved for our PREMIUM users.
2.2 🔎 Concept 🔎
This is an indicator that I saw on TradingView and was introduced by the @Pinecoders account on TradingView.
I inspired myself from his Backtest Engine to offer a version more adapted to my vision - The benefits of connecting yourself any indicator to our Backtest engine are amazing and huge.
The concept can't be more simple. Imagine using any indicator and connecting to a backtest system in a single click.
You may connect your Algorithm Builder also to this complete backtesting system in a single click.
What's better between paying thousands for a backtest, or connecting yourself your indicator to your backtest with a click?
That was a rhetoric question, but you can still share your answer with me if you want to :)
III. The amazing benefits of our🔌&🕹️ (Plug&Play) system
Issue #1 💲 A BACKTEST SYSTEM IS COSTLY 💲
Hiring a developer to code a custom indicator is costly. For a custom backtest it's even more expensive as those scripts are very often way more complicated.
Now imagine, that now that you see your idea live on a chart, you'll realize you'll have to finance another backtest system, as the one you have is not compatible with your new idea.
Solution #1 💲💲 YOU COULD BE SAVING SOME MONEY 💲💲
just because it won't be needed to hire someone else for each of your trading idea.
We will never guarantee your success on the market, but THIS I stand by it any day any hour.
You can connect any indicator or your choice by updating your indicator slightly and connecting it to our Backtest engine. We send the tutorial for doing it to all our customers.
Issue #2 🕔 IT'S TIME-CONSUMING 🕔
Even if someone is doing all the coding for you, it might require days/weeks depending on your overall trading strategy/idea.
Without even counting the time for you to test/validate the work done and all the back-and-forth to fix all the issues.
Solution #2 SAVING TIME MIGHT EQUATES TO SAVING MONEY : 🕔 = 💲💲💲
I wish it could be as easy as going from weeks of coding to "1 single click" :)
I did the heavy-lifting, but you'll have to make the last effort the cross the finishing line. I made it easy for you to play with it and find a configuration that makes sense to YOU and for your strategy/asset/timeframe
Issue #3 ❌ IT'S COMPLICATED ❌
Someone did a backtest code for you, but... you can't update it because you either :
- don't know anything in programming
- ... and don't have time to learn (most of us have a job/family/...life)
- The system you have is way too specific for one of your previous idea, but can't be updated easily for your next trading ideas. I see a lot of traders nodding right now thinking "that's soooooo true !!!!"
Solution #3 🎉 WE MADE IT EASY AND FUN 🎉
Our goal is to externalize the technical stuff that you don't want to take care of - so that you can finally focus on your trading and optimizing your ideas. #bold #statement
In case you're wondering, no we're not reading your mind :), but we're also traders who didn't know how to code before and had to hire external programmers to do the heavy work for us.
You can be sure that most of the frustrations (trading, technical, ...) you have/had, we had them also and that's why we created this backtest indicator.
III. 🔌&🕹️
Hope you're ready to be impressed. Because, what I'm about to introduce, is my best-seller feature - and available across many of my indicators.
In TradingView, there is a feature called "Indicator on Indicator" meaning you can use an external indicator as a data source for another indicator.
I'm using that feature to connect any external indicator to our Backtest PRO Suite+ (Plug & Play) - hence the plug and play name. Please don't make it a plug and pray :) it's supposed to help you out, not to stress you even more
Let's assume you want to connect your Algorithm Builder Single Trend+ to your Backtest PRO Suite+
I mentioned an Algorithm Builder but you may connect any oscillator (MACD, On balance volume, stochastic RSI, True Strenght index, and many more..) or non-oscillator (divergence, trendline break, higher highs/lower lows, candlesticks pattern, price action, harmonic patterns, ...) indicators.
THE SKY IS (or more likely your imagination) is the limit :)
Fear no more. The Plug&Play technology allows you to connect it and use it the backtest calculations.
This is not magic, neither is sorcery, but certainly is way beyond the most awesome thing I've ever developed on TradingView (even across all brokers I know). #bolder #statement
TradingView is the best trading platform by far and I'm very grateful to offer my indicators on their website.
To connect your external indicator to ours, we're using a native TradingView feature, which is not available for all users.
It depends on your TradingView subscription plan ( More info here )
If you intend to use our Algorithm Plug&Play indicator, and/or our Backtest Plug&Play suites, then you must upgrade your TradingView account to enjoy those features.
We value our relationship with our customers seriously, and that's why we're warning you that a compatible TradingView account type is required - at least PRO+ or PREMIUM to add more than 1 Plug&Play indicator per account.
We go in-depth on our website why the Plug&Play is an untapped opportunity for many traders out there - URL available on my profile status and signature
IV. 📊 Make it nice! 📊
Now we're getting right into the fun stuff.
Let's explore briefly each display option (symbolized by a 👁️🗨️ in the Backtest UI) :
- Color Traded Background : Color the chart background is green when in a BUY trade, in red when in a SELL trade. If the Backtest is not in a trade, then the background won't be colored.
- Show Entry/Exit Markers : Displays the entries (Enter Long/Enter Short), and exits (Exit Long/Exit Short) labels.
- Show Entry Level :Displays a blue level line to easily identify the entry price of a trade.
- Show Take Profit Level : Display a purple line to visualize where the Take Profit level is (we'll explain below how to set it up).
- Show In-Trade Stops : Display the stop-loss
V. Backtesting filters
A backtest should have some filters helping the traders testing a few hypotheses. Well.... we included a ton of them - even for the PRO version
Once again, thank you @Pinecoders for the help and support you gave me
5.1 ▄ █ Position sizing █ ▄
- 1. % of Equity: If selected, the position size used is the input to the right of 1. % of Equity.
Example: The trader starts with a capital of 100K. After a winning trade, your total capital is $103K - for the next trade the position size will be 3% of $103K
- 2. % of Capital: If selected, the position size used is the input to the right of 2. % of Capital.
In other words, the position size will always be the same position size as calculated on the initial capital.
Example: The trader starts with a capital of 100K. After a winning trade, your total capital is $103K - for the next trade the position size will be 5% of $100K. (As 100K is the initial capital used in our dummy example)
5.2⛔ Entry Stops and In-Trade Stops ⛔
We didn't reinvent the wheel here. Any good backtest should offer an entry stop-loss and an in-trade stop-loss.
Giving only here also an example among all the use cases. For instance, the trader sets a stop-loss 2% at the time of entry on your trade, but once the trade moves in the desired direction, the trader might want a trailing stop-loss using a 4% input.
Example: A trader goes LONG on only 1 "ABC" stock evaluated $10 per share.
1) The entry-stop loss will be 2% away so set at $8
2) A candle
3) The trailing stop will activate, and move the stop-loss from the entry stop-loss level (=$8) to $8.32 (=4% move up from $8) - and so on, and so forth for each time the price moves 4% up
The entry and in-trade stop losses can absolutely be identicals. There is no universal rule, and as always you know the drill - all depends on your backtest, and indicator configurations as a whole.
Last, but not the least, selecting an Entry stop-loss is mandatory, but the in-trade stop-loss is not. Up to you to decide if the in-trade SL is needed for your Backtest strategy.
5.3 ❌ Hard Exits ❌
We included the MACD hard exit indicator in the backtest - as we did also for the Algorithm Builders.
The hard exit (or invalidation) is a fundamental part of my trading method.
I explained numerous times on TradingView, our website, and social media channels why I "love" this concept so much, and how it saved my trading account numerous times from getting savagely wrecked by the market.
5.4 💲💲 Take Profit 💲💲
We only included 1 level of Take Profit so far. We'll work on adding at least one more soon.
You can set your Take Profit level based on either a:
1- Fixed value
2 - Percentage value
5.5 📆 Date Range Filtering 📆
If enabled, the backtest only uses the data between the starting and the ending dates of the defined range.
5.6 ❗❗ Fees and Slippage ❗❗
Too often completely ignored by many traders, the fees can eat gains out quickly/deepen one's capital faster than expected.
⚠️The fees vary between brokers, and asset traded - it could be recommended to check on your broker page what are the fees for the asset on your chart, and insert that percentage number.
Another cost ignored, even more, is the Slippage.
i.e. think about a Stop-Loss being hit, and we're so confused because we see on the chart that NEVER the price came even close to your SL level, but... it got hit anyway.
Yes! we know how frustrating it is, but that's the game we're playing, and trading should never be about blaming the game, but only blaming the players/traders/ourselves.
Blaming the game constantly is likely to not end with good performance results, but accounting for this "risk", and being able to quantify it is an incredible hedge. #bold #statement #level #10000
5.7 🔔 Alerts 🔔
By design, the alerts aren't available for strategy scripts. But this script is an... indicator so why should we not enjoy all the cards in our hands the fullest.
We enabled the alerts on those Backtest Entry/Exit signals. You're welcome :)
VI. 📝 Where are the backtest results? 📝
Answer: in the Data Window section of your TradingView
Now the cherry on the cake if we might say so. A backtest is cool, but visualizing results is actually the end goal here.
The Data Window is dynamic - it means whenever you'll mouseover at a give time on your chart, the data on that panel automatically updates.
Let's assume you're backtesting your idea between Sept 1st, 2019, and Oct 1st, 2019.
If your mouse cursor is located (or hovered) at a candle on Sept 14th, 2019 (data chosen randomly for this example), then the data displayed only includes the results between Sept 1st, and Sept 14th.
More info available on our website with a nice tutorial video. Data window metrics and filters explained on our website
Here's what the data window looks like: imgur.com
If you have any doubt or question, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or the best indicators.
You only will judge and I'll appreciate all the questions and feedback you're sending my way.
They help me a ton to develop indicators based on all the requests I received.
Kind regards,
Dave
Cyatophilum H.A. Swing [ALERT SETUP]Hi guys, to celebrate the beginning of a new altcoins cycle, I created a Swing trade Indicator. (It's a joke, there will not be any altcoins cycle)
Cyatophilum Heikin Ashi Swing
This indicator will allow us to create one strategy for each pair and never miss those big swings ever again!
HOW BEAT BUY & HOLD WORKS
This kind of strategy is a safe long term investment , usually played in high timeframes such as 4H, 1D etc.
It is perfect for beginners in trading as the process is very simple: buy and sell when you receive the alert. The high timeframes allows to trade manually by receiving alerts on your phone or email, but you also can automate it if you prefer.
The primary goal of these strategies is to increase your capital faster than someone simply holding the asset .
The trades are made with no leverage and 100% equity . It is for those who want to grow their portfolio fast without risking to lose everything. You can use several strategies at once, in this case split your equity accordingly.
HOW DOES IT WORK?
The Heikin Ashi candles are very usefull. This strategy is built upon H.A. candles but is used on normal candles, because H.A. candles price are an average of real candles and we want to know the real price. I did the trick by recalculating the H.A. open, high, low and close with the original formula based on the real candles's ohlc. This allows me to use the strategy tester and backtest with real results.
HOW TO USE
Creating a signal is as simple as adding the indicator called to your chart and click "Set alert". Select "Once per bar close" for your alert options.
There are 3 alerts:
- BUY
- SELL
- BUY OR SELL (for free TV users)
Sample Backtest results
Bitcoin/Dollar
Ethereum/Bitcoin
Basic Attention Token/Bitcoin
> > Start using the indicator now < <
Note: This version is the ALERT SETUP. You can find the Backtest version on my profile scripts.
Cyatophilum Shooting Stars 1m [ALERTSETUP]A Scalping Script Setup for the 1m Timeframe, using the cheesy candle pattern "Shooting Stars" plus some Trend Detection, Stop Loss and Take Profit integrated system, allowing these nice backtest results.
Currently in continuous development / real time testing on BitMEX data.
Gap Up Stats - Gap Strategie für Aktien! Was passiert eigentlich nach einem X% Gap? Diese Frage lässt sich nun einfach beantworten! Ändere die % und die Anzahl der Jahre, welche Du testen möchtest mit nur einem Klick. Die unterschiedlichen Werte zeigen Dir dann direkt, ob sich Deine Handelsthese mit den Statistiken der Aktie deckt.
In diesem Fall sehen wir, dass die Aktie über das letzte Jahr in allen Fällen unter dem Eröffnungspreis geschlossen hat. Der durchschnittliche Spike lag bei 16%. Damit ist ein Short die richtige Wahl und die potentiellen Level der Aktie können mit der Statistik vereint werden.
Bei Interesse ist dieses Skript bei uns erhältlich.
Viele Grüße
WirmachenTrader®
Algorithm Builder (Signal version)Gentlemen traders
As promised, here's the Algorithm Builder (Signal Version) that is an alternative version of that previous indicator : Strategy-Builder-Crypto-Single-Trend-Plots/
This one was quite successful and already 11 person bought for me which is unbelievable. Thank you so much guys for your appreciation of my work
The script of this present post is still invite-only because it required years in the making (it's the fruit of all my errors and trials while trading for the past 7 years and when developing trading bots for traders professionally)
What's the Algorithm Builder?
Simply put, the indicator will detect the confluence/convergence of multiple unrelated indicators and alert you when the ones YOU selected will be in the same direction. (if you didn't understand this it's because I'm french)
For example, let's say you select a MM cross and MACD, whenever the MM cross will be green/bullish AND MACD green/bullish also, you'll get a nice .... wait for it..... green/bullish /diamond. Starting to see what I meant before now :)
Not sure if I should go as far as introducing the other example but let's go for it. Still, in the same spirit, a confluence of red/bearish MM cross and red/bearish MACD will give .... (finish the sentence and you'll get my appreciation. hint: the color of the diamond will be red)
So what's cool about it now ... or I should say even cooler... even more awesome (Barney Stinson, please hive five me for this tool...) is that it can be plugged in a single click to a complete Backtest engine
I inspired myself greatly from the Pinescripters Backtesting-Trading-Engine-PineCoders/ but had to make changes to adapt it to my tool.
It took me a few days of work and I'll share it also tomorrow so please stay tuned and give me a follow so that you'll be updated
In the Backtester itself, I added some features like :
- Stop-loss based on supertrend
- Hard Exit based on indicators used by the Algorithm Builder
I just made it more relevant for my indicator
Performance sir?
The period selected for the screenshot below is the last 3 months
Here's a preview of what you should expect tomorrow as well imgur.com
There isn't a BEST configuration for the tool. I made one that matches my psychology and capital. You'll have to find yours by playing with it or asking me for a bit of help if you're lost
Will require a bit of work but could be very worth it in the end :)
What's next sir?
I'm perfectly aware that the indicator doesn't give a lot of signals and that's because it's an entry-level version of all the Algorithm Builders I'm selling now and will be available on my website by end of August (along with the website itself)
More advanced versions already made allow to :
- get more entries
that one is the best addition, in my opinion, it multiplies the gains (and losses :P) as it allows some orders pyramiding and to reinforce a position if the trend is very strong. You won't have to do anything, just to wait for the alerts by email/sms from TradingView
- multiple take profit levels
- connected to systems like Autoview/ProfitView to automatize even more your trading and send those signals to your broker directly (I will strongly advise starting with a demo account for 1 week or 2 here, I don't want you to burn your capital if any unexpected bad event will happen)
- screener
If you're interested please message me. I can develop your custom indicator/strategy/backtest/automatic system or if you're ready the take the leap of faith and try this indicator or the more advanced versions
And before I get asked, yes this is the tool I use for my own trading as initially, I made it for me. Now sharing a bit of my work (and too much of my life) with the community
PS
____________________________________________________________
Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future.
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
- if you like my work and wants to buy me some coffee :
- BTC TipJar: 3MKDve7stWTe1io99oFxeQXvP8XB4zCQ8m
- LTC TipJar: MC5oeBAhw9BLqyi65TR3J1Lid8io9uHADw
Average True Range BandsThis is a simple script to assist you in manual backtesting! Perfect for the NNFX crowd or anyone that enjoys manual backtesting.
Usage
1. Slap this bad boy on your chart.
2. Adjust period and multiplier (defaults are 14 period and 1.5x).
3. Put on the indicator/system you are testing.
4. Enter bar replay mode.
5. Drag your long/short position take profit and stop loss to the upper and lower bands.
(long/short positions are available on the left-hand toolbar)
6. Profit!
If you enjoy/use this script, drop me a follow and please note me in your code!
I'm *almost* always available for collabs and questions.
Ultimate Risk Management System 📈With this tool you can run multiple instances for Stop Loss, Take Profit, Trailing Stop or Trailing Take Profit.
Why use it?
> Some trading platforms don't offer special tools like Trailing Stop;
> In case they do, they don't have to know where you put your stops;
> TradingView offers high performance, you can see the tool working in real-time.
Main Features:
- Real-time;
- Long Order;
- Short Order;
- Stop Loss;
- Take Profit;
- Trailing Stop Loss;
- *Trailing Take Profit.
Disclaimer: This system may help you cut out your losses or lock in your profit, but it does not guarantee profit. Always use at your own risk.
DayTrade - XBTUSD 5m [ALERTSETUP]Plug & Play indicator for BITMEX:XBTUSD in 5 minute timeframe for Manual or Automated Day Trading.
Built upon Cyatophilum Scalping Bot
Backtest below show results over 2 weeks, calculated with a 0.075 % commission fee and using 100% of equity on each trade from 10 000$ inital capital.
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Buy & Sell XRPBTC:BINANCE 1D Trading BotWith this indicator you can create Buy and Sell alerts to automate your trading.
Optimised for BINANCE:XRPBTC in a 1D timeframe.
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The goal of trading XRP against BTC is to increase your amount of BTC. XRP is in the top 5 Coins of all time.
Built upon my generic indicator Cyatophilum Altcoins Trader , this Strategy creates buy and sell signals to can be used for manual or automated trading.
This strategy using a combination of Parabolic SAR and Tilson T3 Line , which is a strong tool to buy at the right time . An integrated 10% trailing stop loss will reduce the risk!
Sell and save your founds instead of simply holding over time.
Results below are calculated using 100% equity from a 10 000$ capital and a 0.05% commission fee on each trade.
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Buy & Sell - ETHBTC:BINANCE 4H Trading BotWith this indicator you can create Buy and Sell alerts to automate your trading.
Optimised for BINANCE:ETHBTC in a 4H timeframe.
> > > READ HOW IT WORKS < < <
The goal of trading ETH against BTC is to increase your amount of BTC. ETH is in the top 5 Coins of all time and its bull rallies are really fast and volatile so it's very important not to miss them!
Built upon my generic indicator Cyatophilum Altcoins Trader , this Strategy creates buy and sell signals to can be used for manual or automated trading.
The year 2019 started with the end of a bull run, and the script was able to catch 29% of profits. Then in Februrary, we saw another rally, but this one dropped fast and the script caught 4% of profits. Until then, two opportunities of trade triggered but ended up as a loss, as the bear market continued. In total, it made 33% of profit and 9.5% of loss . The fact that a bear market has be going on for +3 months is a good thing for what will happen next.
I think we all remember how 2018 was for ETH. It had the most insane rally of all time, another one in April-May then 6 months of bear market. Oh! by the way, did I say the script has an integrated trailing stop loss starting at 4%? Those are the green dots below the price.
I used TradingView's Strategy Tester with historical data starting from 2017-08. Results are calculted using 100% equity from a 10 000$ capital and a 0.05% commission fee on each trade.
See the results below.
> > > READ HOW TO USE < < <
> Get access to the Cyatophilum Indicators <
