Education

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Hi everyone

On Today's tutorial, I wanted to highlight how you can upgrade your own indicator to work with the Trade Manager
Let's take the dummy example of the double MM cross

Step 1 - Update your indicator

Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!)
So it should look to something similar

macrossover = crossover(MA1, MA2)
macrossunder = crossunder(MA1, MA2)

What you will need to add at the very end of your script is a Signal plot that will be captured by the Trade Manager. This will give us :

// Signal plot to be used as external
// if crossover, sends 1, otherwise sends -1
Signal = macrossover ? 1 : macrossunder ? -1 : na
plot(Signal, title="Signal")

The Trade Manager engines expects to receive 1 for a bullishg signal and -1 for bearish .

I feel the questions coming so I prefer to anticipate :) When you add the Trade Manager to your chart, nothing will be displayed. THIS IS NORMAL because you'll have to select the Data Source to be "Signal"
Remember our Signal variable from the Two MM Cross from before, now we'll capture it and.....drumb rolll...... that's from that moment that your life became even more AWESOME

The Engine will capture the last signal from the MM cross or any indicator actually and will update the Stop Loss, Take Profit levels based on the parameters you set on the Trade Manager

I worked the whole weekend on it because I wanted to challenge myself and give you something that I will certainly use in my own trading
Please send me some feedback or questions if any

Enjoy
Dave
Comment: I've been asked to give the full 2 MM cross Signal script
You'll find it between the ///////////

//////////////////////////////////////////

//@version=3
//author=@Daveatt/David Attias

study("Two SMA Cross (Signal version)", shorttitle="Two SMA cross", overlay=true)

length_ma1 = input(7, title = "MA 1", type=integer, step=1, minval=2)
length_ma2 = input(10, title = "MA 2", type=integer, step=1, minval=2)

MA1 = sma(close, length_ma1)
MA2 = sma(close, length_ma2)

macrossover = crossover(MA1, MA2)
macrossunder = crossunder(MA1, MA2)

// Plots the crosses
plotshape(macrossover, title='MA Crossover', style=shape.circle, location=location.belowbar, size=size.normal, color=green, textcolor=black, text="MA Cross", transp = 0)
plotshape(macrossunder, title='MA Crossunder', style=shape.circle, location=location.abovebar, size=size.normal, color=red, textcolor=black, text="MA Cross", transp = 0)

// Signal plot to be used as external
// if crossover, sends 1, otherwise sends -1
Signal = macrossover ? 1 : macrossunder ? -1 : na
plot(Signal, title="Signal")

///////////////////////////////////////

## Related Ideas

it doesn't work and I cannot open the code to apply the mods u mentioned. please advise
prodefender1980
@prodefender1980, I removed the indicator because I had some bugs to fix and updates to code. I said it on the indicator page itself. Sorry for the inconvenience. I'll republish in a few weeks when ready
Daveatt
@Daveatt, brilliant! thanks so much! masterpiece...looking forward to try
Awesome. I've been on Tradinview for a while an this is the first time I have seen this. You share so much information. What versions of trade manager is this available?
Ace567890
@Ace567890, I feel stupid that I didn't precise it on the description of this post ...
That one It's the standalone Trade Manager meaning it works by itself once connected to another indicator
Hi, I didn't find anywhere
macrossover = crossover(MA1, MA2)
macrossunder = crossunder(MA1, MA2)
On code.. For completing step 1...
ekkutlu
@ekkutlu, Hi
This was a dummy example, I can give the code here no pb
it could be based on a 2 Moving Average Cross like that one

//@version=3
//author=@Daveatt/David Attias

study("Two SMA Cross (Signal version) V2", shorttitle="2 SMA cross V2", overlay=true)

length_ma1 = input(7, title = "MA 1", type=integer)
length_ma2 = input(10, title = "MA 2", type=integer)

MA1 = sma(close, length_ma1)
MA2 = sma(close, length_ma2)

macrossover = crossover(MA1, MA2)
macrossunder = crossunder(MA1, MA2)

// Plots the crosses
plotshape(macrossover, title='MA Crossover', style=shape.circle, location=location.belowbar, size=size.normal, color=green, textcolor=black, text="MA Cross", transp = 0)
plotshape(macrossunder, title='MA Crossunder', style=shape.circle, location=location.abovebar, size=size.normal, color=red, textcolor=black, text="MA Cross", transp = 0)

// Signal plot to be used as external
// if crossover, sends 1, otherwise sends -1

// SIGNAL PARAMETER HEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEERE

Signal = macrossover ? 1 : macrossunder ? -1 : na
plot(Signal, title="Signal")