Autoregressive Covariance Oscillator by TenozenWell to be honest I don't know what to name this indicator lol. But anyway, here is my another original work! Gonna give some background of why I create this indicator, it's all pretty much a coincidence when I'm learning about time series analysis.
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Well, the formula of Auto-covariance is:
E{(X(t)-(t) * (X(t-s)-(t-s))}= Y_s
But I don't multiply both values but rather subtract them:
E{(X(t)-(t) - (X(t-s)-(t-s))}= Y_s?
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For arm_vald, the equation is as follows:
arm_vald = val_mu + mu_plus_lsm + et
val_mu --> mean of time series
mu_plus_lsm --> val_mu + LSM
et --> error term
As you can see, val_mu^2. I did this so the oscillator is much smoother.
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After I get the value, I normalize them:
aco = Y_s? / arm_vald
So by this calculation, I get something like an oscillator!
(more details in the code)
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So how to use this indicator? It's so easy! If the value is above 0, we gonna expect a bullish response, if the value is below 0, we gonna expect a bearish response; that simple. Be aware that you should wait for the price to be closed before executing a trade.
Well, try it out! So far this is the most powerful indicator that I've created, hope it's useful. Ciao.
(more updates for the indicator if needed)
Trendfollowing
TIGERMOOD TREND
🔶 About Tigermood Trend for TradingView.
Tigermood Trend is a trend detector that uses several logics including but not limited to volatility , momentum, key fibonacci levels and trend changing logic to generate a reliable trend on most time frames and applicable for Stocks, futures , Forex, and Cryptos.
Unlike other trend indicators, Tigermood Trend is as simple as it looks but uses several behind-the-scene price action algorithms that work in tandem to create a trend to keep the trader as long as market is trending and hence streamlines their trades accordingly.
🔶 Logic behind Tigermood Trend
Detecting the Fibonacci lows and highs (Hooks) after a trend change or a major trend pivot is formed.
Once a fibonacci hook is detected, key fibonacci levels are calculated and ready to be applied to the trend on event triggers.
To control the optimal fibonacci level to be applied a moving average is added to the logic with length from 20-200 depending on the selected timeframe.
Fibonacci hooks are controlled and validated using a modified supertrend indicator with ATR length and factor set automatically according to the selected timeframe, and that to avoid non-significant hooks (trend pivots).
To update to a certain fibonacci level, certain conditions must be met to validate this level, these conditions check for RSI extreme conditions, supertrend conditions, trend stage (early stage or extended).
Trend changing is controlled as well. In order for trend to change once price crosses the stop-bands, Tigermood trend takes into consideration: volatility, strong or weak trend status, early/mature stage of the trend, and finally the last fibonacci levels used. A bias towards a hard trend change is favored instead of soft trend change, which is a simple close crossing and that to avoid as many false trend changes as possible
During extreme high momentum trending, the updating bias will shift to the moving average with ATR and supertrend limitation.
█ Tigermood Trend is designed to be as plug-and-play indicator with little or no parameters to set or keep tweaking thus enabling the trader to concentrate on his/her strategy entries and exits. (limited settings to control sensitivity and some behavior may be introduced in the future)
█ Tigermood Trend is a no-Repainting indicator. the trend updates only on the close of the current bar using barstate.isconfirmed .
█ However, it is important to emphasize that Tigermood Trend is NOT a signal generator. You don't see Buy and Sell signals on the chart. (as of this date). Even though upon trend changing you may think it is a buy/sell indication but it is NOT. This indicator is made for traders who need a trend to confirm the direction of their trades, and avoid confusion during high market volatility; and experienced traders know very well that trading with a reliable trend constitute an essential and an integral part of their trading strategy. This way the trader is spending more time on fine-tuning their trade opportunities.
█ Tigermood Trend is a Tool to be added to the traders' toolbox and is not a trading system by its own. (While in the future the indicator will highlight area of high opportunity for entries and stop losses)
█ Tigermood Trend is under continuous development. New features, logic updates and new logics will be regularly added in new versions.
Best of luck in your trading journey,
Tigermood
Strategy for UT Bot Alerts indicator Using the UT Bot alerts indicator by @QuantNomad, this strategy was designed for showing an example of how this indicator could be used, also, it has the goal to help some people from a group that use to use this indicator for their trading. Under any circumstance I recommend to use it without testing it before in real time.
Backtesting context: 2020-02-05 to 2023-02-25 of BTCUSD 4H by Tvc. Commissions: 0.03% for each entry, 0.03% for each exit. Risk per trade: 2.5% of the total account
For this strategy, 3 indicators are used:
UT Bot Alerts indicator by Quantnomad
One Ema of 200 periods for indicate the trend
Atr stop loss from Gatherio
Trade conditions:
For longs:
Close price is higher than Atr from UT Bot
Ema from UT Bot cross over Atr from UT Bot.
This gives us our long signal. Stop loss will be determined by atr stop loss (white point), break even(blue point) by a risk/reward ratio of 0.75:1 and take profit of 3:1 where half position will be closed. This will be showed as buy (open long position)
The other half will be closed when close price is lower than Atr and Ema from UT Bot cross under Atr. This will be showed as cl buy (close long position)
For shorts:
Close price is lower than Atr from UT Bot
Ema from UT Bot cross over Atr from UT Bot.
This gives us our short signal. Stop loss will be determined by atr stop loss (white point), break even(blue point) by a risk/reward ratio of 0.75:1 and take profit of 3:1 where half position will be closed. This will be showed as sell (open short position)
The other half will be closed when close price is higher than Atr and Ema from UT Bot cross over Atr. This will be showed as cl sell (close short position)
Risk management
For calculate the amount of the position you will use just a small percent of your initial capital for the strategy and you will use the atr stop loss for this.
Example: You have 1000 usd and you just want to risk 2,5% of your account, there is a long signal at price of 20,000 usd. The stop loss price from atr stop loss is 19,000. You calculate the distance in percent between 20,000 and 19,000. In this case, that distance would be of 5,0%. Then, you calculate your position by this way: (initial or current capital * risk per trade of your account) / (stop loss distance).
Using these values on the formula: (1000*2,5%)/(5,0%) = 500usd. It means, you have to use 500 usd for risking 2.5% of your account.
We will use this risk management for apply compound interest.
In settings, with position amount calculator, you can enter the amount in usd of your account and the amount in percentage for risking per trade of the account. You will see this value in green color in the upper left corner that shows the amount in usd to use for risking the specific percentage of your account.
Script functions
Inside of settings, you will find some utilities for display atr stop loss, break evens, positions, signals, indicators, etc.
You will find the settings for risk management at the end of the script if you want to change something. But rebember, do not change values from indicators, the idea is to not over optimize the strategy.
If you want to change the initial capital for backtest the strategy, go to properties, and also enter the commisions of your exchange and slippage for more realistic results.
In risk managment you can find an option called "Use leverage ?", activate this if you want to backtest using leverage, which means that in case of not having enough money for risking the % determined by you of your account using your initial capital, you will use leverage for using the enough amount for risking that % of your acount in a buy position. Otherwise, the amount will be limited by your initial/current capital
---> Do not forget to deactivate Trades on chart option in style settings for a cleaner look of the chart <---
Some things to consider
USE UNDER YOUR OWN RISK. PAST RESULTS DO NOT REPRESENT THE FUTURE.
DEPENDING OF % ACCOUNT RISK PER TRADE, YOU COULD REQUIRE LEVERAGE FOR OPEN SOME POSITIONS, SO PLEASE, BE CAREFULL AND USE CORRECTLY THE RISK MANAGEMENT
Do not forget to change commissions and other parameters related with back testing results!
Strategies for trending markets use to have more looses than wins and it takes a long time to get profits, so do not forget to be patient and consistent !
---> The strategy can still be improved, you can change some parameters depending of the asset and timeframe like risk/reward for taking profits, for break even, also the main parameters of the UT Bot Alerts <----
The Weinstein MethodWhat is "The Weinstein Method" indicator?
Presentation of the indicator
The Weinstein Method indicator was developed by us to help traders use the Stan Weinstein Method more effectively. This method usually requires a lot of time and analysis to determine the different phases of an asset, but the indicator takes care of that in no time. By simply choosing the market and the timeframe, traders can get the different trends of the asset, the famous four phases of Stan Weinstein.
The basic principles of the indicator
The Weinstein Method indicator is based on the principles of the Stan Weinstein Method. According to this method, assets go through four phases: the accumulation phase, the rise phase, the distribution phase and the fall phase. Traders use these phases to determine when to buy, sell or stay out of the market.
How the indicator works
The indicator will take into account several elements to trigger the phases: the RSI, the volumes, the EMA, the Relative Strength of the asset (the choice of the market in the menu of the indicator is determining for this calculation) and the Supports/Resistances.
Depending on the Timeframe (several configurations: 1 hour, 4 hours, daily, weekly and monthly) and the market (Dow Jones - Stock, S&P 500 - Stock, Nasdaq - Stock, DAX - Stock, CAC 40 - Stock and Cryptos) selected, the variables mentioned above change to adapt to the asset and the timeframe.
Each phase has criteria that must be met in order to be triggered (those described by Stan Weinstein in his book "Secrets for Profiting in Bull and Bear Markets"):
- Phase 1: We have determined as criteria: low volume, RSI in the low zone, minimal price variation over the last X candles and the EMA without direction.
- Phase 2: We calculate the relative strength of the asset compared to its benchmark, above-average volumes, the break of a major resistance, the direction of the EMA and the level of the RSI.
- Phase 3: We look to see if the asset breaks its uptrend (break of a trend following EMA), if it fails to make a new high, if the RSI is in the high zone and if the volumes are strong.
- Phase 4: For this phase to be triggered, the asset must break a major support, be below the EMA (once again these variables are adapted according to the timeframe and the market selected in the menu) and the EMA must be bearish.
How to use
The signals of the indicator
On the chart, the indicator allows you to visualize the different phases of an asset's movement. Each point on the chart corresponds to a particular phase, which is labeled below the point with the name of the phase. The different phases that can be identified with the help of the indicator are the following:
- S1: Accumulation
- S2: Rising
- S3: Distribution
- S4: Decline
By observing the successive points, it’s possible to identify the market trend and to consider trading positions accordingly.
The different strategies for using the indicator
The market phase indicator can be used for both short term and long-term trading strategies. However, it should be noted that this method is generally used for the medium and long term.
In terms of trading strategies, investors can use the indicator to identify periods of trend reversal and take positions against the current trend. For example, if the indicator shows a distribution phase, this may indicate a downward trend reversal and a trader could take a sell position when the downward phase begins.
On the other hand, traders can also use the indicator to confirm the current trend and take positions in the direction of the trend. If the indicator shows an upward phase, this may indicate a continuing upward trend and a trader could take a buy position.
Disclaimer
Please note that The Weinstein Method indicator is a tool designed to assist traders in their decision-making process. While it is based on sound principles and can be helpful in identifying market trends, it is important to remember that there is no magic indicator that can guarantee success in trading.
It is the responsibility of the user to carefully consider all available information, including the signals generated by The Weinstein Method indicator, and to make their own informed decisions about when to buy, sell or stay out of the market. It is important to remember that trading carries risks, and no strategy or tool can eliminate those risks entirely.
We want to emphasize that we do not provide investment advice, and any decisions made using The Weinstein Method indicator are the sole responsibility of the user. We cannot be held liable for any losses that may occur as a result of trading using this indicator.
Investments/swing trading strategy for different assetsStop worrying about catching the lowest price, it's almost impossible!: with this trend-following strategy and protection from bearish phases, you will know how to enter the market properly to obtain benefits in the long term.
Backtesting context: 1899-11-01 to 2023-02-16 of SPX by Tvc. Commissions: 0.05% for each entry, 0.05% for each exit. Risk per trade: 2.5% of the total account
For this strategy, 5 indicators are used:
One Ema of 200 periods
Atr Stop loss indicator from Gatherio
Squeeze momentum indicator from LazyBear
Moving average convergence/divergence or Macd
Relative strength index or Rsi
Trade conditions:
There are three type of entries, one of them depends if we want to trade against a bearish trend or not.
---If we keep Against trend option deactivated, the rules for two type of entries are:---
First type of entry:
With the next rules, we will be able to entry in a pull back situation:
Squeeze momentum is under 0 line (red)
Close is above 200 Ema and close is higher than the past close
Histogram from macd is under 0 line and is higher than the past one
Once these rules are met, we enter into a buy position. Stop loss will be determined by atr stop loss (white point) and break even(blue point) by a risk/reward ratio of 1:1.
For closing this position: Squeeze momentum crosses over 0 and, until squeeze momentum crosses under 0, we close the position. Otherwise, we would have closed the position due to break even or stop loss.
Second type of entry:
With the next rules, we will not lose a possible bullish movement:
Close is above 200 Ema
Squeeze momentum crosses under 0 line
Once these rules are met, we enter into a buy position. Stop loss will be determined by atr stop loss (white point) and break even(blue point) by a risk/reward ratio of 1:1.
Like in the past type of entry, for closing this position: Squeeze momentum crosses over 0 and, until squeeze momentum crosses under 0, we close the position. Otherwise, we would have closed the position due to break even or stop loss.
---If we keep Against trend option activated, the rules are the same as the ones above, but with one more type of entry. This is more useful in weekly timeframes, but could also be used in daily time frame:---
Third type of entry:
Close is under 200 Ema
Squeeze momentum crosses under 0 line
Once these rules are met, we enter into a buy position. Stop loss will be determined by atr stop loss (white point) and break even(blue point) by a risk/reward ratio of 1:1.
Like in the past type of entries, for closing this position: Squeeze momentum crosses over 0 and, until squeeze momentum crosses under 0, we close the position. Otherwise, we would have closed the position due to break even or stop loss.
Risk management
For calculating the amount of the position you will use just a small percent of your initial capital for the strategy and you will use the atr stop loss for this.
Example: You have 1000 usd and you just want to risk 2,5% of your account, there is a buy signal at price of 4,000 usd. The stop loss price from atr stop loss is 3,900. You calculate the distance in percent between 4,000 and 3,900. In this case, that distance would be of 2.50%. Then, you calculate your position by this way: (initial or current capital * risk per trade of your account) / (stop loss distance).
Using these values on the formula: (1000*2,5%)/(2,5%) = 1000usd. It means, you have to use 1000 usd for risking 2.5% of your account.
We will use this risk management for applying compound interest.
In settings, with position amount calculator, you can enter the amount in usd of your account and the amount in percentage for risking per trade of the account. You will see this value in green color in the upper left corner that shows the amount in usd to use for risking the specific percentage of your account.
Script functions
Inside of settings, you will find some utilities for display atr stop loss, break evens, positions, signals, indicators, etc.
You will find the settings for risk management at the end of the script if you want to change something. But rebember, do not change values from indicators, the idea is to not over optimize the strategy.
If you want to change the initial capital for backtest the strategy, go to properties, and also enter the commisions of your exchange and slippage for more realistic results.
If you activate break even using rsi, when rsi crosses under overbought zone break even will be activated. This can work in some assets.
---Important: In risk managment you can find an option called "Use leverage ?", activate this if you want to backtest using leverage, which means that in case of not having enough money for risking the % determined by you of your account using your initial capital, you will use leverage for using the enough amount for risking that % of your acount in a buy position. Otherwise, the amount will be limited by your initial/current capital---
Some things to consider
USE UNDER YOUR OWN RISK. PAST RESULTS DO NOT REPRESENT THE FUTURE.
DEPENDING OF % ACCOUNT RISK PER TRADE, YOU COULD REQUIRE LEVERAGE FOR OPEN SOME POSITIONS, SO PLEASE, BE CAREFULL AND USE CORRECTLY THE RISK MANAGEMENT
Do not forget to change commissions and other parameters related with back testing results!
Some assets and timeframes where the strategy has also worked:
BTCUSD : 4H, 1D, W
SPX (US500) : 4H, 1D, W
GOLD : 1D, W
SILVER : 1D, W
ETHUSD : 4H, 1D
DXY : 1D
AAPL : 4H, 1D, W
AMZN : 4H, 1D, W
META : 4H, 1D, W
(and others stocks)
BANKNIFTY : 4H, 1D, W
DAX : 1D, W
RUT : 1D, W
HSI : 1D, W
NI225 : 1D, W
USDCOP : 1D, W
Trend Oscillatorwhat is "Trend Oscillator"?
it is an indicator for determining the trend.
what it does?
analyzes the price action by reducing it to 4 different situations. Red means strong bear, orange means bearish, yellow means weak bull and green means strong bull. It was developed to help traders who trade in the direction of the trend and its biggest promise is to simplify price action.
how it does it?
He defines 4 different situations as follows. If the velocity of the price is positive and the acceleration is positive, it is a strong bull, if the velocity is positive and the acceleration is negative, it is a weak bull, if the velocity is negative and the acceleration is positive, it is a weak bear, if both velocity and acceleration are negative, it is a strong bear.
2 for strong bull
1 for the weak bull
-1 for weak bear
Creates a function that takes values of -2 for the strong bear. this function is the velocity of the principal indicator, and then the integral of this function forms the principal indicator.
how to use it?
"source" is used to change the source of the indicator,
"length" makes the indicator give a later but less signal.
you can use it to follow or analyze the trend. colors make it easy to use. learns about current or past trends by looking at colors. Like any trend indicator, it can give unsuccessful signals in a horizontal trend.
VWAP filtered MACD Bars with positive MACD histogram value and closing above VWAP are colored, long positions should be taken in areas made of those bars.
Similarly, bars with negative MACD histogram value and closing below VWAP are also colored, short positions should be taken there.
This indicator by default should be a part of your trend following trading system.
In the setting you can change colors
Above grow: positive and rising MACD histogram value
Above fall: positive and falling MACD histogram value
Below fall: negative and falling MACD histogram value
Below grow: negative and rising MACD histogram value
Rocket Grid Algorithm - The Quant ScienceThe Rocket Grid Algorithm is a trading strategy that enables traders to engage in both long and short selling strategies. The script allows traders to backtest their strategies with a date range of their choice, in addition to selecting the desired strategy - either SMA Based Crossunder or SMA Based Crossover.
The script is a combination of trend following and short-term mean reversing strategies. Trend following involves identifying the current market trend and riding it for as long as possible until it changes direction. This type of strategy can be used over a medium- to long-term time horizon, typically several months to a few years.
Short-term mean reversing, on the other hand, involves taking advantage of short-term price movements that deviate from the average price. This type of strategy is usually applied over a much shorter time horizon, such as a few days to a few weeks. By rapidly entering and exiting positions, the strategy seeks to capture small, quick gains in volatile market conditions.
Overall, the script blends the best of both worlds by combining the long-term stability of trend following with the quick gains of short-term mean reversing, allowing traders to potentially benefit from both short-term and long-term market trends.
Traders can configure the start and end dates, months, and years, and choose the length of the data they want to work with. Additionally, they can set the percentage grid and the upper and lower destroyers to manage their trades effectively. The script also calculates the Simple Moving Average of the chosen data length and plots it on the chart.
The trigger for entering a trade is defined as a crossunder or crossover of the close price with the Simple Moving Average. Once the trigger is activated, the script calculates the total percentage of the side and creates a grid range. The grid range is then divided into ten equal parts, with each part representing a unique grid level. The script keeps track of each grid level, and once the close price reaches the grid level, it opens a trade in the specified direction.
The equity management strategy in the script involves a dynamic allocation of equity to each trade. The first order placed uses 10% of the available equity, while each subsequent order uses 1% less of the available equity. This results in the allocation of 9% for the second order, 8% for the third order, and so on, until a maximum of 10 open trades. This approach allows for risk management and can help to limit potential losses.
Overall, the Rocket Grid Algorithm is a flexible and powerful trading strategy that can be customized to meet the specific needs of individual traders. Its user-friendly interface and robust backtesting capabilities make it an excellent tool for traders looking to enhance their trading experience.
Fibonacci Step IndicatorThe Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator.
The indicator uses the formula for the first twelve Fibonacci numbers on highs and lows so that it creates a moving support/resistance zone. Afterwards, the zone is stabilized by taking the highest highs of the upper indicator and the lowest lows of the lower indicator part.
The indicator is used as a trend following way. It can be compared to the Ichimoku Kinko Hyo cloud (without the future projection). The zone form a support and resistance area. During ranging periods, the market will fluctuate within the area which is a bad time to follow the trend (if any).
Market Structure Double BOS Confirm
🔥 Overview
🎯 This Double BOS(Break Of Structure) Confirm indicator combined ma-based BOS and classic BOS
to achieve a more credible BOS signal . it works well in most symbols with 2 parameters finetune.
🎯 It's a enhanced version compare with previous script.
🎯 at the same time, I keep D-BOS and BOS separately, you can use them in combination freely.
🔥 Indicator design logic
🎯 there are 3 parts in this indicator.
Part 1: MA-Based BOS
1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under,
not use func ta.pivothigh()/ta.pivotlow()
2. once price reaching EMA’s SWING High/Low, draw a line link High/Low to current bar, labled as BOS
3. more MA-Based BOS details can get from my previous script.
Part 2: Classic BOS
1. use pivothigh/low function to find pivot (decided by left/right swing length)
2. when get new pivothigh, compare with previous high, calculate HH/LH/HL/LL result
3. once bar closed and break pivothigh then labed as BOS
Part 3: Double BOS Confirms
1. when MA-Based BOS and Classic BOS occured at the same bar closed signed as D-BOS
2. when two BOS events one bar apart, signed as D-BOS
🔥 Settings
🎯 there are 13 input properties in script, 4 properties(Bold field) have an impact on the results and the other 9 show display effects.
GRP1
MA_Type : MA type you can choose(EMA/RMA/SMA/HMA/WMA/VWMA), default is HMA
short_ma_len : MA length of your current timeframe on chart, default 30
show_ma_bos_line: whether show ma-based BOS line, default false
GRP2
left_swing_len : pivothigh(source, left,right), it‘s left swing length
right_swing_len : right swing length
show_pivot_bos_line: whether show pivot-based BOS line, default false
GRP3
show_double_bos_line: show double_bos_line, default true
double_bos_linewidth: linewidth, default 2 (Bold line)
double_bos_linestyle: default Dashed
🔥 Usage
🎯 BOS signal usually worked fine in high volatility market, low volatility is meaningless.
🎯 D-BOS will filtered much more signals than ma-based BOS and classic BOS
We can see that it performs well in trending market of different symbols, and BOS is an opportunity to add positions,
D-BOS will filtered much more signals
Double-BOS Confirm : BINANCE:BTCUSDTPERP 30m
MA-Based BOS : BINANCE:BTCUSDTPERP 30m
🎯 Support classic HH/HL label, MA-Based Zigzag
🎯 You can use only D-BOS, MA-BOS or Classic-BOS alone, or D-BOS and one of the other, it's up to you,
but my personal preference is to use D-BOS and MA-BOS in combination
🎯 any questions or suggestion please comment below, I would appreciate it greatly.
Additionally, I plan to publish 20 profitable strategies in 2023; indicatior not one of them,
let‘s witness it together!
Hope this indicator will be useful for you :)
enjoy! 🚀🚀🚀
Trend Analysis [Ultimate] (Expo)█ Overview
We have developed a Trend Analysis Indicator with many great functionalities that help traders to:
Identify when a confirmed trend starts and ends.
Identify pullbacks within trends.
Identify the current trend direction and potential trend shifts.
The indicator differentiates between different trend characteristics to measure the current trend stage. Everything is identified in real-time and without repainting.
█ How is the trend characteristic calculated?
This Trend Analysis Indicator uses different calculations method, such as Fibonacci ratios, price retracements, cycles, and volatility measures, to calculate the trend characteristic. These values are used in an EWMA* function (similar to RMA). This function is used to smooth out the noise in data sets and to better identify cyclic patterns in the data. This function works by giving greater weight to more recent data points and less weight to older data points. This allows it to better identify and track trends in the data. The indicator is a valuable and useful tool for market analysis and can be used to evaluate the strength, direction, and characteristics of trends in a market.
█ Trend Trading
Identifying the trend in trading is important because it helps traders to understand the direction in which the market is moving. Knowing the trend allows traders to develop more accurate trading strategies. Entering into a confirmed trend reduces your risk and increases the profit potential. However, knowing when to exit a trending market can be even harder. That is why we have developed this indicator that will notify you when the trend move is about to end.
The key to success in trend trading lies in being able to recognize the beginning and end of a trend, as well as being able to spot pullbacks within an established trend. This trend indicator is a valuable tool to get insights into the current trend characteristic, which helps traders to spot new trends and pullbacks.
█ How to use
Trend
This indicator should be used with trend analysis! Combine the indicators' insights with trend lines , channels, market structure, etc., to better understand the current trend structure.
This indicator is about confirming a trend and understanding when a trend might start and end.
Use this indicator to confirm and gain insights about trend structure.
Trend Change
The indicator comes with a background and bar coloring that detects the current trend and displays when the trend has a higher likelihood of changing.
Pullback
Pullback traders will find this indicator very useful to confirm and find pullbacks within trends.
█ Indicator Features
This Trend Analysis indicator has many valuable features for trend trading :
Start & End of the Trend Feature:
First, the default settings display a green and red histogram, which we call; (Start/End of Trend). This feature identifies when a confirmed trend is about to start/end and finds pullbacks within the trend.
Confirmed Trend:
Enable the confirmed trend if you want to display a green and red histogram when the trend is confirmed. When this histogram peaks, traders know that a momentum move in the trend direction is completed. This is a sign that the trend is strong. However, after such a move, a retracement is likely to happen. Use these peaks to take partial profits and to prepare to enter into the trend on the pullback that is likely to come.
Bar Coloring:
Bar coloring shows the direction of the trend and identifies areas where the trend has a higher probability of changing direction. When the bar coloring becomes white, traders know that the current price action within the trend has a characteristic of that there is a higher likelihood of a trend change. Use this insight to prepare for a potential trend change.
Background Coloring:
The background coloring is displayed when a strong trend is detected.
*EWMA stands for Exponentially Weighted Moving Average. It is a type of time series forecasting method that assigns greater weight to recent observations in a time series data set. It is a way of smoothing out the data to remove the noise and make it easier to identify patterns and trends.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Simple SuperTrend Strategy for BTCUSD 4HHello guys!, If you are a swing trader and you are looking for a simple trend strategy, you should check this one. Based in the supertrend indicator, this strategy will help you to catch big movements in BTCUSD 4H and avoid losses as much as possible in consolidated situations of the market
This strategy was designed for BTCUSD in 4H timeframe
Backtesting context: 2020-01-02 to 2023-01-05 (The strategy has also worked in previous years)
Trade conditions:
Rules are actually simple, the most important thing is the risk and position management of this strategy
For long:
Once Supertrend changes from a downtrend to a uptrend, you enter into a long position. The stop loss will be defined by the atr stop loss
The first profit will be of 0.75 risk/reward ratio where half position will be closed. When this happens, you move the stop loss to break even.
Now, just will be there two situations:
Once Supertrend changes from a uptrend to a downtrend, you close the other half of the initial long position.
If price goes againts the position, the position will be closed due to breakeven.
For short:
Once Supertrend changes from a uptrend to a downtrend, you enter into a short position. The stop loss will be defined by the atr stop loss
The first profit will be of 0.75 risk/reward ratio where half position will be closed. When this happens, you move the stop loss to break even.
Like in the long position, just will be there two situations:
Once Supertrend changes from a downtrend to a uptrend, you close the other half of the initial short position.
If price goes againts the position, the position will be closed due to breakeven.
Risk management
For calculate the amount of the position you will use just a small percent of your initial capital for the strategy and you will use the atr stop loss for this.
Example: You have 1000 usd and you just want to risk 2,5% of your account, there is a long signal at price of 20,000 usd. The stop loss price from atr stop loss is 19,000. You calculate the distance in percent between 20,000 and 19,000. In this case, that distance would be of 5,0%. Then, you calculate your position by this way: (initial or current capital * risk per trade of your account) / (stop loss distance).
Using these values on the formula: (1000*2,5%)/(5,0%) = 500usd. It means, you have to use 500 usd for risking 2.5% of your account.
We will use this risk management for apply compound interest.
Script functions
Inside of settings, you will find some utilities for display atr stop loss, supertrend or positions.
You will find the settings for risk management at the end of the script if you want to change something. But rebember, do not change values from indicators, the idea is to not over optimize the strategy.
If you want to change the initial capital for backtest the strategy, go to properties, and also enter the commisions of your exchange and slippage for more realistic results.
Signals meanings:
L for long position. CL for close long position.
S for short position. CS for close short position.
Tp for take profit (it also appears when the position is closed due to stop loss, this due to the script uses two kind of positions)
Exit due to break even or due to stop loss
Some things to consider
USE UNDER YOUR OWN RISK. PAST RESULTS DO NOT REPRESENT THE FUTURE.
DEPENDING OF % ACCOUNT RISK PER TRADE, YOU COULD REQUIRE LEVERAGE FOR OPEN SOME POSITIONS, SO PLEASE, BE CAREFULL AND USE CORRECTLY THE RISK MANAGEMENT
The amount of trades closed in the backtest are not exactly the real ones. If you want to know the real ones, go to settings and change % of trade for first take profit to 100 for getting the real ones. In the backtest, the real amount of opened trades was of 194.
Indicators used:
Supertrend
Atr stop loss by garethyeo
This is the fist strategy that I publish in tradingview, I will be glad with you for any suggestion, support or advice for future scripts. Do not doubt in make any question you have and if you liked this content, leave a boost. I plan to bring more strategies and useful content for you!
Trendly
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About the script:
This script is an easy-to-use trend indicator, which is based on another popular indicator called "Supertrend" . The basic idea is very simple, i.e. to compute Average True Range(ATR) and use that as the basis for trend detection. The key difference lies in a custom trend detection method, that computes trends across different timeframes and projects them in a table view. The script also tries to improve the behaviour of the existing indicator by highlighting flat regions on the chart, indicating sideways market or potential trend reversals.
How to use it:
You can use it just like any other indicator, add it to your chart and start analysing market trends. Results can be interpreted as follows.
Indicator output is currently made up of two main components:
>> Trend Table:
Appears at the bottom right of your screen
Contains trend indicator for 9 different timeframes
Timeframes can be adjusted using indicator settings panel
Green Up Arrow --> Up Trend
Red Down Arrow --> Down Trend
>> Enhanced Supertrend:
Shows up as a line plot on the chart
Green line indicates up trend
Red line indicates down trend
White regions indicates slow moving markets or a potential trend reversal
Indicator can be used on any timeframe, it provides a view of current and historical market trend
Can be used as an indicator for entering/exiting trades
Can be used to build custom trading strategies
The Ganesh TrendThe Ganesh Trend is an indicator developed by Ganesh to help Traders to identify potential trend showing candle .This indicator identifies bullish and bearish candle with some specific rules. This gives fair idea of direction of market .It is very helpful if you use it on Nifty 50 index . Candlestick developed by me is my original work . It is very helpful for new traders looking for proper entry and exit . It has stop loss and target as well . red dot shows the stop loss and green dot shows the target . taking 2-3 trades a day is good . Thank You . NSE:NIFTY
Immediate Trend - VHXIMMEDIATE TREND - VULNERABLE_HUMAN_X
This indicator is used to identify the immediate trend in the market.
When a Short Term High (STH) is engulfed and closed above, we consider that as a bullish trend.
And Similarly, when a Short Term Low (STL) is engulfed and closed below, we consider that as a bullish trend.
STH - A candle that is higher than the one candle towards it's left and one candle towards it's right.
STL - A candle that is lower than the one candle towards it's left and one candle towards it's right.
HOW TO USE:
1. Do not take trades purely based on the immediate trend showcased by the indicator. Rather, use them as confluence with your trading strategy.
2. When you are expecting price to reverse at your point of interest (Denamd/Supply zone), this indicator can help you predict the reversal by showcasing the current trend.
3. Using this indicator you can travel the trend as long as there is a change of trend predicted by this indicator.
EURUSD COT Trend StrategyThis is a long term/investment type of strategy designed to have a good idea about where the big trend direction is headed.
Its logic, its made entirely on the COT report, mainly from looking into the net non comercial positions aka the speculators.
For bullish trend we look that the difference between long non comercial vs short non comercial is higher than 0
For bearish trend we look that the difference between long non comercial vs short non comercial is lower than 0.
This is mainly as an educational tool, for a full strategy, I recommend implement other things into it, like technical analysis or risk management.
If you have any questions, please let me know !
Trend Following based on Trend ConfidenceThis is a Trend Following strategy based on the Trend Confidence indicator.
The goal of this strategy is to be a simple Trend Following strategy, but also to be as precise as possible when it comes to the question 'how confident are we that a linear trend is ongoing?'. For this we calculate the 'confidence' of a linear trend in the past number of closing prices. The idea of this strategy is that past a certain confidence, the ongoing linear trend is more likely to continue than not.
Trend Confidence:
The Trend Confidence shows us how strong of a linear trend the price has made in the past number (given by Length parameter) of closing prices. The steepness of the price change makes the Trend Confidence more extreme (more positive for an uptrend or more negative for a downtrend), and the deviation from a straight line makes the Trend Confidence less extreme (brings the confidence closer to 0). This way we can filter out signals by wild/sudden price moves that don't follow a clear linear trend.
Math behind the Trend Confidence:
A linear fit is made on the past number of closing prices, using Ordinary Linear Regression. We have the steepness of the linear fit: b in y=a+bx . And we have the standard deviation of the distances from the closing prices to the linear fit: sd . The Trend Confidence is the ratio b/sd .
Entries and Exits:
For entry and exit points we look at how extreme the Trend Confidence is. The strategy is based on the assumption that past a certain confidence level, the ongoing linear trend is more likely to continue than not.
So when the Trend Confidence passes above the 'Long entry" threshold, we go Long. After that when the Trend Confidence passes under the 'Long exit' threshold, we exit. The Long entry should be a positive value so that we go Long once a linear uptrend with enough confidence has been detected.
When the Trend Confidence passes below the 'Short entry' threshold, we go Short. After that when the Trend Confidence passes above the 'Short exit' threshold, we exit. The Short entry should be a negative value so that we go Short once a linear downtrend with enough confidence has been detected.
Default Parameters:
The strategy is intended for BTC-USD market, 4 hour timeframe. The strategy also works on ETH-USD with similar parameters.
The Length is arbitrarily set at 30, this means we look at the past 30 closing prices to determine a linear trend. Note that changing the length will change the range of Trend Confidence values encountered.
The default entry and exit thresholds for Longs and Shorts do not mirror each other. This is because the BTC-USD market goes up more heavily and more often than it goes down. So the ideal parameters for Longs and Shorts are not the same.
The positive results of the strategy remain when the parameters are slightly changed (robustness check).
The strategy uses 100% equity per trade, but has a 10% stop loss so that a maximum of 10% is risked per trade.
Commission is set at 0.1% as is the highest commission for most crypto exchanges.
Slippage is set at 5 ticks, source for this is theblock.co.
The Systems Lab: PRX StrategyLike the PRX Indicator (which is also available) this PRX Strategy includes all the elements necessary to run the PRX Trading System or to incorporate any of its elements into your own analysis. But since this is a strategy it also includes all of the system entry and exit orders which allows them to be displayed on the charts and backtested in different configurations to see how specific configurations of the system could have performed in the past.
The primary concept is the identification of trends by way of a customized PSAR (Parabolic Stop and Reverse) calculation that uses linear regression to reduce market noise and highlight trends for longer using a method pioneered by Dr Ken Long. This means that price can penetrate the PSAR dots without causing a trend reversal to occur (flipping the dots over to the opposing side) which would normally occur with the traditional PSAR idea.
The intent is to help identify and stick with trends longer, adapt to changes in volatility by using linear regression as a noise filter and potentially capture large outlier moves. A linear regression curve is plotted as well in order to help identify when a change in trend will occur by it crossing the PSAR dots.
In order to make the trend as clear as possible the bars can be colored as either up-trend or down-trend with user selectable colors.
A moving average filter is also included as a longer term market condition filter in order to avoid periods when the market is against this average which is an inherent part of the system.
The strategy is currently long only (though we’re working on the short side) and includes standard entries along with a trailing stop using the customized PSAR. It also includes multiple options to re-enter with an existing trend if the trailing stop is hit but the trend remains in place.
Multiple parameters are available for customisation including the Linear Regression length, the Moving Average Filter lookback, enabling of the re-entry and continuation entry signals as well as a date range filter for more specific and repeatable backtesting over different markets and timeframes.
Risk Management is at the core of our system design principles and as such we set and limit the loss for every trade (which is also configurable as a parameter that defaults to $100/trade) and also trail the stop to both reduce risk and capture profit. The position size is calculated automatically and is volatility adjusted based on the initial stop.
Finally, there is a custom dashboard which shows all the relevant details for the current trade at a glance on the chart such as entry, initial stop (size and price), current trailing stop level and P/L in units of R-multiples (’R’ being the initial risk on the trade).
The Systems Lab: PRX IndicatorThis PRX Indicator includes all the elements necessary to run the PRX Trading System or to incorporate any of its elements into your own analysis and we’ve made it available here for those that want to use the same tools that we use ourselves.
The primary concept is the identification of trends by way of a customized PSAR (Parabolic Stop and Reverse) calculation that uses linear regression to reduce market noise and highlight trends for longer using a method pioneered by Dr Ken Long. This means that price can penetrate the PSAR dots without causing a trend reversal to occur (flipping the dots over to the opposing side) which would normally occur with the traditional PSAR idea.
The intent is to help identify and stick with trends longer, adapt to changes in volatility by using linear regression as a noise filter and potentially capture large outlier moves. A linear regression curve is plotted as well in order to help identify when a change in trend will occur by it crossing the PSAR dots.
In order to make the trend as clear as possible the bars can be colored as either up-trend or down-trend with user selectable colors.
A moving average filter is also included as a longer term market condition filter in order to avoid periods when the market is against this average which is an inherent part of the system.
Please note that we also have a PRX Strategy version available which includes everything in this indicator as well as all the system entry and exit orders which allows them to be displayed on the charts and backtested in different configurations to see how specific configurations of the system could have performed in the past.
ATR Trend Run - Signals Alerts SL and TP by Tech Store OnThe script uses several ATR formulas for entering/exiting trades, support/resistance lines to take TP1 (take profit 1) and another ATR formula for TP2 (take profit 2). Everything is fully configurable to your preference, and you can back-test it via TradingView. You can also configure the indicator for signals during US trading sessions (with or without power hour), as well as taking profits/stop-loss session time(s), as well as to close a position at the end of the trading session no matter what. Also, you can turn all of that off, so there are no trading session/end of day limits and each trade will run until it either hits SL, TP1, TP1 > back to entry, TP2. Note: indicator is set to skip consecutive/opposite signals, while you currently have a trade open > if you hit a trend – ride it to the end!
For example: If you will be day trading SPY and you wish to close your positions no matter what right before the market closes (3:45PM ET > 15min before closes): Make sure to checkbox “Intraday – Close Position Before Market Closes” in the strategy/indicator Settings, so that you are alerted soon before the market closes, if you wish to continue holding the position – leave this checkbox unchecked.
SL: SL is set to be slightly above/below the signal candle, which is best suited for this strategy.
Strategy Take Profit Approach
While the initial position open and SL hit is always based on a closed candle bar (can’t do otherwise, as otherwise you will have 10s of fake signal alerts), there are 2 ways on trading this strategy in terms of TP1 and TP1 taken > back to Entry, which is based off Alert type.
You can switch this as you like within the indicator settings, “Checked: TP1 taken > back to Entry per Price Touch | Unchecked: per Candle Close”.
Candle Close vs Price Touch: with the Default method - Candle Close for an alert for TP1 or if price comes back to Entry after TP1 is taken will only be triggered once candle bar fully closes crossing the area, while Price Touch will alert when price touches the area before candle bar closes.
For example: your trade is running well, you grab TP1 and the price reverses and hits your trade Entry area. With Price Touch – you are immediately alerted to close your trade with no loss and with TP1 profit. With Candle Close - you will receive an alert only once candle bar fully closes on top of the Entry crossing it backwards, meaning it may lower your TP1 profit or even completely reverse the trade into loss in case it will be a huge candle bar for any reason. However, it may touch the Entry area, looking like the price is reversing, but then continue per initial trade direction, sometimes becoming a trend. So, while Price Touch seem like a more conservative approach, Candle Close can give you much bigger profits if you catch a trend, but you can always change it via the Settings.
Note: TradingView back-testing engine does not have a feature to open/close orders IMMEDIATELY via Price Touch trigger, but only when the candle closes after price touches the scripted area/line/etc., so you for the most accurate results, test your strategy out via Candle Close setting. Otherwise, decide yourself. I personally like more Candle Close since I can test it out via back-testing with the most accurate results.
TP2 is set per Candle Close as often the ATR trailing stop line will be hit and bounced off, so it’s best to wait until candle actually breaks it/closes through it.
Note: If you will be observing the strategy LIVE, during LIVE candle bar movement – it will look weird, like it’s placing an order after order during any trigger – this seem like a TradingView bug, but is only observational, once the candle bar is closed and you refresh TradingView it will all look correct.
Back-Testing
If you wish to do some back-testing, just modify the strategy/indicator Settings:
-----1) STRATEGY: This is for back-testing/experimenting with the script inputs.
----------a. You can setup a start date (date, month, year) from which it will start opening back-test trades, select a position size and select TP1 size, the idea here is to close half (or whatever you choose) portion of the trade once you hit your TP1, then to either close at small profit or to catch a trend and close the second portion of the position long way ahead from Entry, otherwise it will alert you to close the position at TP2, if price comes back to Entry, at reversal signal or at the end of US trading session if the option for it is checked. If you wish to close the whole position at TP1, just enter the same amount for TP1 to match backtest position size. Otherwise you can experiment with TP1 sizing – try it out!
-----2) Feel free to experiment with ATR settings and with S&R Left/Right bars, you may be amazed how results will differ and find some really cool combinations!
-----3) Make sure you select/de-select “Intraday – Close Position Before Market Closes” setting depending on what you are back-testing and on which conditions
-----4) Note: If you wish to do some deep back-testing (1+ years), use the “Deep Backtesting” feature within Strategy Tester on the TradingView as otherwise it may show wrong results or even fail to compute the results
Add the alerts
-----Right-click anywhere on the TradingView chart
-----Click on Add alert
-----Condition: ATR Trend Run - Signals Alerts SL and TP, by Tech Store On
----------o Right underneath the condition click on the drop-down menu and select “alert() function calls only”
-----Expiration time: Whatever you wish
-----Alert actions: Whatever notifications you wish
-----Alert name: DO NOT TOUCH THIS
-----Hit “Create”
-----Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
- Note: If you add the alert while the script is currently “In Position” it will not know that. So either wait when there will be no position open at all or close your position partially if the bot opens it twice bigger or so in case per script the bot will think it is already in position.
Note: Because of the slippage and the order processing time between TradingView, AutoView and the Broker (it’s usually about a second or so), it is suggested to not use a timeframe lower than 1min. The script is working really well with 1M/3M/5M/H1/H4 timeframes per my back-testing, but feel free to explore via Strategy Back-testing what’s best for the instrument you wish to trade.
If you wish to try this out for a week or so – please reach out and I will give you access.
The Godfather
This indicator uses a custom MA as well as RSI bar-flips, as a form of pivot point, to signal the direction of the trend.
The triangle markers on the chart are the RSI flipping from negative to positive, and vice versa.
The lighter shaded candles are up candles, the darker shaded candles are down candles.
Wick-off Check Moving Average [Misu]█ This Indicator shows a wick-off check pattern applied to a moving average.
This pattern appears when a candle opens below the moving average and closes above it, or when it opens above a moving average and closes below it. This causes a wick to go through the moving average: a wick-off check moving average.
█ Usages:
This indicator detects small pullbacks in a trend. This is mainly used for trading continuation strategies.
It can also be used to validate a resistance or support level .
█ Features:
> Average Wick Validation: You can validate a wick-off check pattern depending on the average wick size. This is configured with parameters "Lenght Avg Wick Validation" and "Factor Wick Validation".
> Trend Validation: A trend is taken into account when detecting a "continuation pattern". A trend is validated if X candles close above (up trend) or under (down trend) the moving average. This "X" is defined by "Length Bar - Trend Validation" parameter.
> Buy and Sell: Labels are showing wick-of check patterns but can be interpreted as a buy & sell signal.
> Multi Moving Average.
> Alerts.
█ Parameters:
Method Multi MA : The method for calculating the moving average.
Multi MA Length : The length used to calculate the moving average.
Length Bar - Trend Validation : Define the number of bar needed to validate a trend. When price is above the MA, trend is up. When price is under MA, trend is down.
Wickoff Mode : Mode used to detect Wickoff check pattern.
> continuation pattern: only shows wick-off check pattern in a confirmed trend.
> no trend in progress: only shows wick-off check pattern in a not confirmed trend.
> both: shows both.
Lenght Avg Wick Validation : Lenght used to calculate the average wick size.
Factor Wick Validation : Factor used to validate the length of a wick when a wick-off check is detected.
Trend SuggestionsThis brings together a number of variables to produce trend predictions that could be utilized as decision-making tools.
Uses the aforementioned price and volume derivatives
- A moving average and three weighted moving averages (WMA1, WMA2, WMA3)
- Super Trend Line (ST)
- Opening Range Breakout on Five Minutes, Resistance Bands Pocket pivots, support, and price volume
he Direction is determined by the High and Low Bands of WMAs and the Supertrend Line, which are used to determine the Upper and Lower Lines around the Price. When the price passes below the lower boundary of the band, a downtrend is said to have begun.
Similarly, for an uptrend, this continues until the price passes over the upper edge of the band. Teal for an uptrend and fuchsia for a downturn area shared by the band to identify the trend.
The first five minutes of the breakout lines have a tiny buffer augmentation of 11% applied to them.
Based on what has been observed, support and resistance zones have been somewhat changed from the figures that are often utilized (might work other markets as well)
The markings that may be seen are as follows:
- Blue Triangle indicates a pocket pivot with an upward bias;
- Maroon Triangle indicates a pocket pivot with a downward bias;
- Teal colored Diamonds indicate price upthrusts and potential trend confirmation locations, depending on success or failure.
- Similar backdrop color changes that look as vertical shading are also used to identify them.
- Fuchsia-colored diamonds indicate price declines and a potential trend, depending on whether it persists or fails.
- Dark green and maroon square boxes indicate potential price reversals in the support and resistance bands, respectively.
It goes without saying that this work is derived from numerous other open-source community initiatives.
Feel free to adjust anything you'd like, and we appreciate any feedback.
