Follow the Trend with Fib support LevelsThis is trend following strategy. Which takes entries on the pullbacks when long term trend is up.
It allows you to enter / add on pullback of Fib 0.618 of prebious N number of candles. I have defaulted this to 9.
BUY
====
1. Long term trend is UP i.e ema 50 is above ema 200
2. wait for Fib0.618 pulls back to trend zone (orange line )
3. when the close cross above Fib0.618 line , Enter BUY or ADD to existing position
Exit
====
1. Wait for Fib0.618 come out of Trend zone
2. close partial , when price cross down below Fib0.236
Stop Loss
========
1. Stop Loss set as Trailing Stop Loss , defaulted to 5%
you can also use ATR as trailing stop loss.
I have tested with SPY , QQQ and AAPL on hourly chart
Warning
========
for the use of educational purpose only. If you want to trade the startegy signals, please do yor own research.
Swingtrading
[blackcat] L1 Swing Reversal IndicatorLevel: 1
Background
Many asked me about swing reversal indicators. There are many but less of them can guarantee high win rate. Because market is complex, the reversals can be nested together, which means sub level reversals will be contained in higher level waves. This can be well explained by Elloit wave theory.
Function
Here it is a simple moving average based swing reversal indicator as an example for many others to improve it. Although it simple, it could be very powerful to dedicated trading pairs in specific time frame. One can adjust N1~N4 as SMA peiords from short to long to customized this indicator or even by trying different moving average types to enhance its accuracy.
Key Signal
N1~N4 --> SMA look back periods
OB --> Overbought Threshold
OS --> Oversold Threshold
Pros and Cons
Simpe but powerful. More feedbacks are appreciated.
Remarks
Easy to be customized or integrated to your trading system.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[KL] BOLL + MACD Strategy v2 (published)This strategy will look for opportunities when price touches the lower Bollinger band, then enters Long when it anticipates a MACD crossover signal.
Setup: on 1-day chart interval
Exits when either (a) hitting trailing stop loss, or (b) meeting risk-to-reward, if defined by user.
Genesis Matrix Momentum IndicatorThe Genesis Matrix (GMMI = Genesis Matrix Momentum Indicator) is primarily a momentum indicator that can be very well combined with other indicators to easily detect possible trend changes.
This is a translation/interpretation for TradingView from the original Metatrader 4 code which is Open-Source and was developed by "realjumper". More information here: www.forexfactory.com
The 5-15 Genesis Strategy and Genesis Summary PDF: www.forexfactory.com
EMA is configured as follows:
Length: 5
Source: hlc3
Offset: 2
Create a buy alert:
- Condition: GMMI and "All blue"
- Options: Once Per Bar
Create a sell alert:
- Condition: GMMI and "All red"
- Options: Once Per Bar
Version 3 changes:
- Bug fixes
- Fixed T3 signal (trend reversal instead of closing above/under trend)
- Input variables added (You could play around with periods of CCI and T3 by setting it to 12 for example.)
- Converted to PineScript v4
- Added alarm conditions
Happy Trading 📈😎
Important : We have neither invented this indicator nor added anything in the logic to it. This is just a script translation.
Note1 : TVI (first line) only works on a ticker with provided volume!
Note2 : The original system uses Heikin Ashi candles, but please be aware that this may alter the alertcondition and probably falsify the actual outcome.
Note3 : We do not recommend using a single indicator as a basis for your trading decisions.
To find out more about how to gain access to this indicator, please use the provided information below or just message me.
AltTrader Scalp & SwingPLEASE READ THIS DESCRIPTION TO SAVE TIME AND UNDERSTAND WHAT THIS INDICATOR DOES
Hello Tradingview World!
It is us, AltSignals, and we're back after many months of working on a new indicator script for anyone to try! Just message us and we will add you to test it out, all feedback is highly appreciated as we're always trying to improve the script.
This script was designed for Cryptocurrency pairs as we know how much you guys love crypto! However it will work on other markets. The AltTrader script uses various indicators in conjunction with each other but the most prominent one is ATR! ATR is truly a secret indicator that many people do not incorporate into their trading strategy, but I have found it to be a great tool for finding trends and predicting tops!
I have made sure to include Take profit 1, Take profit 2 and Stop loss options for AltTrader, this means you can adjust the settings based on percent, make sure to use the measure tool in TradingView if you need to find out the percentage gap of a move. Generally with Crypto pairs the percent moves will be more so 1-5% and with forex much smaller 0.1-0.5% for example.
I have also added in a Power setting which allows you to increase or decrease the number of alerts, the default is set at 100, but you can do it as low as 1 and as high as 500 or more. But remember too many alerts is a curse and over trading may be detrimental to a users performance!
This indicator was designed to work in both small and high timeframe scenarios allowing you to catch small scalp moves and large trend moves, my personal favourite timeframes 15m and 1hr for lower timeframes and 4hr to 1D for higher timeframes. I know it can be tempting to use a low timeframe like 1 minute but there will be a lot of choppy indirection. You don't want to be sitting there all day trading, jumping in and out of every move there is.
I hope this has cleared up some questions for the indicator and I will be happy to answer more over Tradingview Private Messenger if needed. Please message me if you would like a trial as I am looking for feedback as well.
Thank you
AltS Team
MAC Trader V2.0 [VK]This script is based on a very simple and affective strategy. Usable for scalp, Trend, Swing, positional Trading. Works on all types of markets(Crypto, Stocks, Commodity, Forex, etc) and symbols.
About The Indicator :
The three lines(Grey upper, Red Mid, Grey Lower) moving with the price direction is Moving average channel (MAC) Which is used to determine the Market Direction. Buy/Sell signals are plotted on RSI Oversold/overbought Which is used For Entries. Small Red Line plotted below the Buy/Sell Signals is Stop loss and The Dotted lines in Green, Grey and Red are the take profit lines.
How to use :
Buy When Buy Signal, Sell When Sell Signal (Entry only After Candle Close). Use The red line below/above signals for Stop Loss. Green Red dotted lines to take profit targets, move your stops above/below as targets hits.
Functions :
Moving Average Channel (MAC) For Direction
RSI for entries
ATR for stops
Support/Resistance Lines to Take Profits
Color candles When Price Above/Below MAC
Additional Feature :
Chop Signals for Scalping/continuation/Mid Entries - This feature can be turned on in the indicator settings Which will plot B/S signals for entries.
TIP : Use MAC input 34,48 for low volatile markets (Indices, Gold , etc)
Customizable Percentage Price Oscillator (PPO)The PPO is basically the MACD but in percentage terms. This is better for comparing momentum across different securities.
This script is a standard PPO but with many options for customization. You can set the moving average type of the signal and the oscillator lines separately. You can also weight any moving average of the PPO by volume.
Supported Types of MA:
SMA
EMA
ALMA
HMA
WMA
Personally, I believe weighting by volume is helpful across markets but especially helpful for equities. I like to use 3,10,16 settings similar to Linda Raschke but with EMA instead of SMA. This indicator is especially useful for signaling trend continuation and generating exit signals. For entries, I believe this indicator should not be blindly followed and works better when combined with a trend or price action signal.
If there are requests for more types of moving average to be used with the PPO, I would be down to implement them, but I believe most moving averages are pretty similar.
RSI Classic Strategy (by Coinrule)One of the questions hobbyist traders more often ask is: what is the perfect trading indicator?
Every indicator is just a tool, so its efficiency is proportional to your ability to read its signals and translate them into an actionable trading strategy. The RSI is likely the most flexible and easy to use among the technical indicators.
This trading strategy tries to catch short-term swings on the coins of your choice with a simple yet profitable setup.
Buy when the RSI is lower than 30 (you can adjust it to 35 in times of steep uptrend).
Sell when the RSI is greater than 65 (the target may range between 60 and 75 depending on the volatility of the coin).
Note that the buy signal comes when the indicator crosses below 30 and not when it crosses above 30 as it happens on the built-in RSI strategy on Tradingview.
The present script overperforms the built-in strategy, even adding trading fees and using a lower amount of capital for each trade (30%). That means that the system can deliver higher net-profits with lower risk levels.
A typical example of market conditions where this strategy works perfectly is as follows.
The first initial breakout indicates that a new leg up in the trend may start. Bitcoin starts to trade within a range which you can identify when it reaches the point 3. That is the perfect time to start the rule because
- trading within a channel anticipates possible swings up and down
- the trend is on the upside, providing low downside risk in buying the dips.
This strategy works well with selected coins of your choice, and it's a great fit on leverage exchanges like Binance Futures.
If you prefer to run it across all available coins on the market, instead, you may choose an optimized version.
Ichimoku Strategy [CDI]Strategy used in the CDI community that consists of having as a signal to enter long when it crosses the entire Ichimoku cloud .
It is recommended to use the strategy in one hour candles and the profit / loss ratio is 2 to 1 for swing trading, however it can be used at any time frame.
The purpose is to perform a bakctesting quickly by setting the limit and stop in the study settings (Proffit and Loss). It is also possible to deactivate the trades on chart changing the configuration in the settings pannel to visualize more clearly the yellow candles that are marked on the chart to identify the signal of the strategy.
Strategy settings:
- Profit %: approximate profit on each entry
- Loss %: approximate loss limit in each entry
- Crossing Candles: number of candles that establishes the crossing of the Ichimoku clouds
Alerts can be configured.
For more information about the strategy, you can search on YouTube for Hyenuk Chu's video "Cómo construir una buena tasa Riesgo Beneficio"
WARNING:
- For purpose educate only
- The entries are used under your responsibility
Muqwishi Volumetric CandleIntroduction
Have you ever heard that each candle represents a battle between bulls (buyer) and bears (seller)? If you know the answer, apparently you understand what the price action means. What if I ask you, how much was bloody in each battle between bulls and bears?!. This indicator may give a clear picture of how to identify the candle’s strength by implementing the Standard Deviation on volume and reshape the candle.
The Muqwishi Volumetric Candles indicator works to weigh each candle instantaneously and updates its color level from lightness to darkness based on the rate of the volumetric standard deviation.
Here’s how the idea started with the conceptual design, then improved till achieved to the implemented design of a structured candle.
The conceptual design mentioned for reviewing how the idea started. However, I want you to understand the “implemented design” in which the indicator has been built to address it. As I stated structurally for the implemented design section, wick and border are identified by the user through “Chart Properties” unlike core and body is measured by the indicator.
The candle’s body is ”Dynamic” that colored based on the amount of volume standard deviation in which the low volume standard deviation is a lighter candle’s color and the high volume standard deviation is a darker candle’s color. The core is “Static” color represents zero volume standard deviation which the volume at the average level. In the case where the core is darker than the body means the volume standard deviation is lower than the average volume level, and when the core is lighter than the body mean the volume standard deviation is higher than the average volume level, and when the core’s color has the same body’s color means the volume is in the average level. The image is the best guide to understand the idea.
Rarely seeing a volume standard deviation below -2σ, even though the volume is apparently dead. However, it’s possible to see more than 3.9σ, and mostly it has the same effect as 3.9σ. Personally, any candle above 1.5σ is taking my attention, and more than 2σ I look around seeking for reasons to not take a trade.
§§ Note, if you have misunderstood the standard deviation concept, there are many great sources to understand it such as Wikipedia, YouTube,... etc. In a basic example, How much is your height relative to the height of average people in your city!!?. Similarly, how much is the amount of volume relative to the average volume of a number series of previous bars?!.
Indicator Overview
Before I get into this section, this is NOT meant to be an educational or recommendation. Just showing you how I use this indicator based on an experience.
The chart above has been remarked as an example of how I apply it. Again, it’s a personal preference, and it doesn’t mean this’s an efficient way.
Indicator Setting
➤ Ensure to visualize the indicator to the front for recognition of the candle’s core.
For more information check the image: drive.google.com
➤ Indicator’s title.
Generates two outputs. The first one is the coordinate location for the char “Core”, don’t pay attention to it. The second one colored in blue is referring to the measurement of the volume standard deviation as your cursor point move at any candle on the chart. For more information check the image: drive.google.com
➤ Indicator’s inputs.
■ Length: Number of previous bars covered in the calculation. Prefer between 14-20.
■ Long Candle Color: Choose a color for bullish candles.
■ Short Candle Color: Choose a color for bearish candles.
■ Color Mode: Kinda color style.
● Lightness: From lightness to darkness colored as low volume SD to high volume SD.
● Saturation: From narrow range to wide range colored as low volume SD to high volume SD.
■ Reverse Mode: Yes → Darkness to Lightness colored as low SD to high SD.
■ Show Core: No → Hide cores.
Summarize
■ Users should have a fundamental knowledge of Standard Deviation.
■ The candle’s body is dynamic colored. Got light as low volume standard deviation, and Dark as high volume standard deviation occurred.
■ The Candle’s core is static colored. Represents the average volume which Standard Deviation equals zero.
■ This’s not a trading signal. It works to visualize the level of transactions made per candle.
Final Comments
■ My goal was to achieve the conceptual design, but there’re many obstacles that go beyond the coding ability.
■ Let me know if you have any questions, comments, and any improvements to the project.
■ I hope every time you found this indicator useful and scaled up your trading skills, please present support through PayPal that linked in the signature box below. That will help to get me excited and post many ideas.
■ Trade Safe. ✌
OH2B Trading Indicator Ver2.0OH2B TRADING INDICATOR
The OH2B Trading Indicator is an indicator built for beginners.
It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover.
It also gives you EXIT POINTS for taking profits based on the Average Directional Index and Relative Strength Index.
TRADING WITH OH2B INDICATOR
The OH2B Trading Indicator gives you entry points for BUY or SELL .
When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL
When a BUY or SELL signal appears on the chart, don't rush into any trade.
Please allow a few hours for confirmation of signals .
After confirmation, it is suggested to enter 50% first and another 50% near the Trendlines .
After entering a trade, please remember to set a stop-loss alert of an opposite signal.
To TAKE PROFIT , please follow the Triangles indicated on the chart
RED Triangles are the Take-Profit targets for the BUY (long) signal
GREEN Triangles are the Take-Profit targets for the SELL (short) signal
*After taking profit, please set a Stoploss to at least break-even level to protect your profits.
Often the price goes to the Trendlines after the signal, so keep some funds to increase the position or even open all position near the Trendlines , or use it for re-enter with SL after you closed position on TPs.
Setting alerts for Trade
Remember to set an alert so that you won't miss any opportunity.
TradingView will notify you immediately when a new signal pops up on the chart.
Tips for the beginners:
Recommended using the indicator at 1H - 2H Timeframe .
Recommended using the indicator for Spot Trading at both Crypto and Stock Market.
Do not use leverage above 5x.
No more than 5% of the deposit in one trade.
Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
Ehler Fisher applied on distance EMAThis is an improved version of Fisher, which use as a source the distance from EMA , compared to the initial source which was on the close of a candle.
It can be used in any market, any time frame .
For conditions we have multiple conditions for the logic, in this case initially if our fisher is above 0 is a long direction ,if its belowe 0 its a short direction.
Also we can improve this condition even further, in this case if we cross up our previous line its a buy signal, and if we cross down its a sell signal.
For best usage combine the cross together with the position of fisher respecting the 0.
If you have any other questions, let me know with a private message.
OH2B Trading Indicator for Swing TradingOH2B Trading Indicator
The OH2B Trading Indicator is an indicator built for advanced traders.
It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover.
It offers you a higher frequency of signals for swing trading.
The Take-Profit Indicator gives you exit points for taking profits based on the Average Directional Index and Relative Strength Index.
Trading with Both Indicators
Orange Zone : Wait for the next signal from OH2B Trading Indicator.
The OH2B Trading Indicator gives you entry points for BUY or SELL .
When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL
When a BUY or SELL signal appears on the chart, don't rush into any trade.
Please allow a few hours for confirmation of signals .
To take profit, please follow the Take-Profit Indicator at the bottom.
RED dots are the Take-Profit targets for the BUY (long) signal
GREEN dots are the Take-Profit targets for the SELL (short) signal
*After taking profit, please set a Stoploss to at least break-even level to protect your profits.
When the price enters the Orange Zone again, you may close your trade and wait for the next signal.
If you like to keep your positions at Orange Zone, please remember to set a stop-loss alert when an opposite signal pops up on the chart.
Often the price goes to the Trendline after the signal, so keep some funds to increase the position or even open all position near the Trendline , or use it for re-enter with SL after you closed position on TPs.
Tips for the traders:
Recommended using the indicators at 1H Timeframe .
Recommended using the indicators for Spot Trading at both Crypto and Stock Market.
Do not use leverage above 5x.
No more than 5% of the deposit in one trade.
Try to enter/exit a position by limit orders.
Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
PROFIT MAKER |Crypto|ETH|BTC|YFI - SignalThis is the version with alerts of this strategy:
Description:
This is a trend-following strategy that works very well for many Crypto assets in the usd or usdt pair
It can be used for both futures and spot!
Some of the assets in which this strategy is proven are
Asset Exchange TF
BINANCE:ADAUSDT Binance 45m
BINANCE:BTCUSDT Binance 1h
BINANCE:YFIUSDT Binance 30m
BINANCE:DOTUSDT Binance 45m
BINANCE:ETHUSDT Binance 30m
BINANCE:LINKUSDT Binance 45m
BINANCE:DOGEUSDT Binance 1h
And many others..
What is this strategy based on?
It is a combination of various parameters, including
-RSI: The relative strength index ( RSI ) is a momentum indicator used in technical analysis that measures
the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
-MACD: Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows
the relationship between two moving averages of a security’s price.
-ADX: ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time.
-DMI: DMI is a moving average of range expansion over a given period (the default is 14 days). The positive directional
movement indicator ( +DMI ) measures how strongly price moves upward; the negative directional movement indicator ( -DMI )
measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears.
Included:
Different forms of Take profit, included:
Take profit on squeeze candles
Take profit based on Risk-Benefit (RR)
Take profit a pre-determined %.
Different forms of Stop Loss, including
ATR-based stop loss
Trail stop loss (with option to use a trigger)
Stop loss a pre-determined %.
For access you can send a message or consult in my social networks.
Links in my tradingview signature (below).
Examples:
The default configuration works very well for most pairs.
You just have to look for which time frame goes better with each one.
Recommended to try with 30m, 45m and 1 hour.
MM AverageTrueRangehUllFeatures:
- Powerful 2 calculation used in one. Average True Range Multiplier & Sensitivity.
- Clearly shows trend direction, volatility , momentum & sentiment of any financial market.
- Dynamic stop loss levels formed by the help of average true range calculation which are produce right from the long or short signal and does stretch until the opposite directional signal appears.
- Generates potential long and short trade signals using complex formula of volatility , momentum and trend following.
- ATR calculation method can be changed from normal (ATR) to SMA version true range inside setting by ticking or unticking the input function named “Change ATR Calculation Method?”.
- Long and short signals labels can be turn off/on using “Reveal Long/Short Signals?”. - Background color can be shown/hidden using “Signal-light Show/Hide?”.
- Alert feature available for long and short signals.
Important two main settings of ATRH indicator:
1. ATR Multiplier
o A retail trader should adjust the setting depending on the financial market, instrument and timeframe as per required.
o Basically, higher timeframe has more range in price so ATR multiplier can be set higher.
o ATR multiplier value lower can produce more signals which will be as more trades opportunities but it can also lead to fake signals. 3-5 value is producing reasonable signals in any timeframe either it be lower or it be higher. If a trader by mistake doesn’t set a proper input value then the whole indicator could even function poorly so this setting must be used wisely.
2. Sensitivity
o Sensitivity can be from 0 to 1. It can be also integer or floating-point number example: 0.1, 0.3, 0.8 etc.
o It is used to control the signal generation speed by 3 to 5 candle bars before (if the value is set higher) or after (if the value is set lower) during the time of condition meeting for either long or short signals.
o Depending on any financial market or instrument sensitivity value should be managed well by a trader for his/her needs taking consideration on the nature of that particular financial market or instrument & timeframe.
Use link below or PM us for access you this indicator. Happy Trading
PROFIT MAKER |Crypto|ETH|BTC|YFIThis is a trend-following strategy that works very well for many Crypto assets in the usd or usdt pair
It can be used for both futures and spot!
Some of the assets in which this strategy is proven are
Asset Exchange TF
BINANCE:ADAUSDT Binance 45m
BINANCE:BTCUSDT Binance 1h
BINANCE:YFIUSDT Binance 30m
BINANCE:DOTUSDT Binance 45m
BINANCE:ETHUSDT Binance 30m
BINANCE:LINKUSDT Binance 45m
BINANCE:DOGEUSDT Binance 1h
And many others..
BINANCE:BTCUSDT
BINANCE:LINKUSDT
What is this strategy based on?
It is a combination of various parameters, including
-RSI: The relative strength index (RSI) is a momentum indicator used in technical analysis that measures
the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
-MACD: Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows
the relationship between two moving averages of a security’s price.
-ADX: ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time.
-DMI: DMI is a moving average of range expansion over a given period (the default is 14 days). The positive directional
movement indicator (+DMI) measures how strongly price moves upward; the negative directional movement indicator (-DMI)
measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears.
Included:
Different forms of Take profit, included:
Take profit on squeeze candles
Take profit based on Risk-Benefit (RR)
Take profit a pre-determined %.
Different forms of Stop Loss, including
ATR-based stop loss
Trail stop loss (with option to use a trigger)
Stop loss a pre-determined %.
**All trades include 0.1% of fees + slippage
** The statistics displayed are for the year 01-01-2020 and the period from 2021 to the date of publication (14-01-2020)
For access you can send a message or consult in my social networks.
Links in my tradingview signature (below).
SwingScalpin MA'sDefault
HMA's + Trend Signals
Default SMA's
ALMA
BarColoring
The idea behind this script was to incorporate a few different moving average types into 1 indicator so multiple trading strategies could be implemented depending on Price Action. This indicator includes 3 HMA's, 2 user defined EMA/SMA's, 1 ALMA (which also is used for the bar coloring), and Trend signals at the bottom of the chart (which are defined by the 1st MA). By default all of the Moving Averages are set to false because they aren't meant to be used together unless you so chose to. The only feauture initially being shown are the Trend signals at the bottom of the screen.
HMA's - The default lengths for the HMA's are 7, 14, and 21.
This is not Financial Advice nor am I saying this works all of the time but here are a few examples of how I've traded the HMA's... OF course thid depends on overall PA but the idea is to enter and exit when all
three HMA's turn Green or Red...
For quicker entries and exits, you could enter when the Fast HMA crosses the Medium HMA and exit when the it crosses back over/under the Medium HMA.
For more of a swing trade and when there's definitely an established trend, I would stay in the trade until Fast HMA crosses under the Slow HMA, otherwise it might just be a normal retrace prior to making another move up.
When PA is ranging but not really trending in either direction, I'll use the Slow HMA as somewhat of a Trailing SL.
The 2 user defined moving averages can either be an EMA or SMA. The 1st MA is set to the 200 SMA by default, which also triggers the Trend signals at the bottom of the chart. The 2nd MA is set to the 6 SMA by default.
The ALMA is set to 50 by default, which is also used for the bar coloring. Lastly, all of the MA's change color depending on the trend.
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.
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alGROWithm PremiumIntroducing the alGROWithm indicator!
Years of trading experience and endless hours of screen time has undeniably proven to me that the most fundamental rule of any market is: price moves from supply to supply and demand to demand. Specifically, this means that a breakout of a supply zone , the probability of it reaching the next supply zone before starting consolidate is very high. Similarly, a breakdown from previous demand zone will likely continue to the next demand zone . The identification method of these supply and demand channels is one of the features that sets this indicator apart from other available tools.
What separates alGROWithm from other available tools?
- Proprietary method for identifying supply & demand channels combined with a directional bias computation based on recent historical prices
- Only signaling precise entries based on supply & demand that maximize R/R
- Tracking open positions and displaying a trading plan directly on the chart immediately after signaling entry points
- Indicating precise exit levels to help you avoid exiting too early or trading by emotion
What are the features included in alGROWithm?
Trading Plan Lines : These are the Buy/Short/Take Profit/Exit lines plotted directly on the chart
Show Long Signals : These are the green "BUY" labels that appear on the chart when alGROWithm identifies a critical breakout to the next supply level
Show Short Signals : These are the red "SHORT" labels that appear on the chart when alGROWithm identifies a critical breakdown to the next demand level
Show Take Profit Signals : These are the purple "TP" labels that appear on the chart when alGROWithm identifies that the subsequent supply/ demand level has been hit
Show Exit/Stop Loss Signals : These are the purple "EXIT" labels that appear on the chart when alGROWithm identifies that the trade has run its course and it's time to exit
Show Dashboard : This is a dashboard that is displayed to the right of the latest candle, and contains the following information:
- Current Position : "Long", "Short", or "None"
- Next Profit Target : Only displays if there is an active Position
- Current Bias : alGROWithm computes a directional bias based on recent historical prices. Text will say "Long" or "Short"
- Long/Short Bias Until : alGROWithm's bias will change if this price is hit. Note that these are not BUY or SELL levels - this simply indicates whether things are looking up or down
- Enter Short/Long At : Only displays if Current Position = "None"
Note that you can enable/disable any of these chart overlays at anytime through the indicator settings.
The alGROWithm indicator works on any timeframe, any market, and standard OR Heikin Ashi candlesticks .
I have been working very hard on this indicator and I personally use it on a daily basis with options trading. I am so excited to share the wealth with you!
You can use the link below to visit our website and gain access to the script.
Swing Algo For Allhi friends....publishing Swing Algo For All .. which shows the movement of price over time and how strong those movements are/will be, regardless of the direction the price moves, up, or down. Indicator specifically useful, as it helps traders and analysts spot points where the market can and will reverse by providing signals long (buy) and short (sell). Show the relative strength of price movements but leave out the directionality of the price movements, best utilized in combination with other technical indicators – such as trend lines and moving averages – which show price trends and directions. Having an alert feature to make aware market players from signals provided by the strategy.
There are mainly 3 tyes of swing traders
1 intraday swing trader
2 weekly positional swing trader
3 monthly/yearly positional swing trader
This strategy solves problem of all the type of swing trader. you have to just select type of swing which u want to trade suppose u chose intraday swing it automatically calculate intraday swing high and low and shows buy and sell sign according to it...if it shows buy signal than in lower part it shows plotted line when this line break it automatically generate sell signal and vice versa for sell signal.
same for weekly , monthly and yearly
u can use it in any time frame bcs swing structure are same in any time frame
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*************** And also use for any stocks, forex and crypto*****************
screenshot on Banknifty weekly swing
some tips for new traders to become successful trader
1: always follow risk management...
2: every stock/ forex / crypto has it own cycle.. So pls dont jump from one stock / forex pair to another when u hear some stock / crypto has
made new high or low... Bcs after that consolidation period starts.. During consolidation we can not make more profit as in trending market.. So be patient when u had made some position or tarde in one stock/ pair...
3 : we dont require to trade in every stocks / forex/crypto.. Just one stock and pair trading daily make u profitable beyond ur expection.. Bcs
trading in one stock / forex pair.. make u very comfortable and u may always know its movement... And u also trade in every cycle of this
stock/ pair.. So u also trdae its trend days which made highest profit. We dont know when is trend of any stock... Compare with it
business... Trading is business not one day rich game... Its business... It takes time and u have to do same thing agian and again to become
sucessfull trader for this u can use tradingview alerts. .for that u dont need to seat infrot of ur terminal screen.. u can also do algo trading
by using tradingview alerts
4 : By following risk management and incerase lot size as profit increased... This is the key 🔑 of sucess in stocks / forex / crypto market.
I thinks this tips may help new trader. U can modified according to ur trading style..
You can personal message me if u want to use this strategy
u can personal message me if u want to use it..
Crypto MultiTrend multi timeframesHello, today I bring you another crypto strategy which can work with multiple timeframes and most of crypto currencies
Its made entirelly of multiple EMA , of different lengths : like super fast, fast, normal, slow and very slow
We also combine a little bit of price action together with the trend direction both for entry and for exits, to have a more precise control.
The rules for long close is above all EMA's, they are in ascending order and the at same time close is bigger than the previous high, and previous high > second previous high, close > 3rd previous high , close > 4th previous high, close > 5th previous high, 5th high > 6th high.
For short we have the same, but instead of high, we use lows, and instead of > we use < .
As exit we have 2 conditions for long and 2 for short
To exit long we have : super fast ema < fast ema and fast ema < normal and normal < slow ema. For short, they would be the opposite, using > sign.
The second exit for long is when our current low crosses below 4 of ours EMA during the same candle. For short, is when the high crosses above 4 of ours EMA during the same candle.
CAUTIOUS : Currently it uses not risk management system, so in this current condition is extremely risky . Be careful
If you have any questions lets me know
SMA + Trend Strength + Trailing Stop LossThe 'SMA + Trend Strength + Trailing Stop Loss' indicator was designed for swing trading long positions over the course of days/weeks. The benefit of the indicator is to identify areas where the market of a given asset is showing signs of a strong uptrend, divergences, and fear. A 13-bar simple moving average is color coded to four colors based on 5 given conditions at a time, which are represented as a trend meter on the bottom right of the screen. A trailing stop loss indicator is included to secure your profits or limit your loss in case the market reverses on you unexpected. Please use this indicator responsibly with proper risk management, and never rely on the indicator by itself for buy and sell signals.
When the simple moving average color is green, it means that at least 4 of 5 conditions are confirming a move upwards, this is when you can take an entry into a trade based on your entry strategy. As the trend continues, the color will eventually change to yellow signaling a divergence. This is when you can use your exit strategy to find a good point to sell. It is wise not to take new positions when the color is trending yellow.
If the color changes from yellow to orange, that is a warning sign that the trend is about to change or has begun to change. Prices may have already fallen. However, sometimes the color will change from yellow back to green signaling a continuation of the trend. You can either keep holding or take a new position in this instance.
When the color is red, this signals fear in the market, you should stay out of the market at first. However, as the market consolidates and the color starts changing back to orange, this is an opportunity to take a long position at a reasonably low price.
Simple Moving Average (13-Bar) Color Explanation:
The colors change based on 5 market conditions represented in the trend meter.
Green: Strong Uptrend
Yellow: Divergence Present
Orange: Warning
Red: Fear
Trend Meter Explanation:
The trend meter draws 5 arrows indicating bullish or bearish presence.
LL = Lower Lows - Detects when the market is trending with lower lows.
HH = Higher Highs - Detects when the market is trending with higher highs.
MA = SMA Direction - A formula is used to determine the direction of the SMA.
DI = Directional Index - Identifies when upwards momentum is trending.
RSI = Relative Strength Index - Identifies when the RSI is in an uptrend state.
Note: For advanced users, this indicator has a hidden DMI(4, 4, 4) and RSI(14) indicator used to determine the last two conditions. The Directional Index is based on a DI Plus momentum moving average to determine a momentum trend and the RSI trending over 50 will constitute an uptrend signal as below 50 it will point down.
Trailing stop loss:
The trailing stop loss is determined based on the lowest price of the last 8 bars.
A gray step-line is drawn at the suggested stop activation price.
A red step-line is drawn at the suggested stop limit price.
When the price breaches the trailing stop, a red X will appear below the bar.
You can turn each of these features on or off based on your preference. Happy trading!
