Hello Everyone,
Following are the things we discussed
🎲 Minimal Components of Auto Trading System:
Source where signals are generated
Exchange/Broker where orders are placed
Integration component which bridges both
🎲 In this example
Source - is our tradingview system and a sample script which generate alerts. Do not use this script for trading...
Pitchfork is drawn when price forms ABC pattern. Pitchfork draws a series of parallel lines in the direction of trend which can be used for support and resistance.
There are many methods of drawing pitchfork. In all cases, a line joining BC will make the base of pitchfork and fork lines are drawn from different points of the base. All the fork lines will be...
Hello Everyone,
In this video we have discussed following things.
Scatter plot and implementation in Pine using heat map representation on tables.
Different quadrants and what it means.
RSI use case implemented in the indicator - RSI Impact Heat Map
How to use different settings and how to interpret the derived output.
General belief is when RSI...
Hello Everyone,
In this video, we will try to go through revised implementation of Tradingview-Telegram-Bot which can be used to send alert messages from tradingview to telegram along with current chart snapshot.
🎲 Base
Initial version of the same idea are as below:
How-to-create-simple-web-hook-to-send-alerts-to-Telegram
...
I saw a post in twitter which marked a particular converging triangle on BTCUSDT chart on 4H timeframe (As shown below) and implying more bearishness ahead. But, is it really correct analysis?
Risk of drawing patterns manually is that we can fit any pattern to price action based on our bias. To overcome this, we need to follow a standard method to draw...
Hello everyone,
In this video, we explore how to draw trend lines in more subjective and algorithmic way.
Problem with drawing trend lines manually are
Subjective and may be influenced by personal factors
Easy to fit on historical data based on our biases.
Chances of overfitting to confirm our biases/ideas.
We can avoid these drawbacks by using an...
Hi All,
Here is a short video on how to use Auto-Harmonic-Pattern-Backtester-Trendoscope for building strategies using harmonic patterns.
CAUTION: THIS IS NOT A STRATEGY AND SHOULD NOT BE FOLLOWED BLINDLY. WE ENCOURAGE USERS TO UTILISE THIS AS BACKTESTING TOOL FOR BUILDING THEIR STRATEGY BASED ON HARMONIC PATTERNS
Notes about Strategy Properties
Qty...
Harmonic Pattern as system is known for finding possible reversal zones and hence assist in swing trading. But, most effective way of using harmonic patterns is in trend following. This can yield really amazing results when played with proper risk management.
Conditions
In trending market
Established trend followed by pattern
Trade Settings
...
Just made this short video to explain the concepts of Wolfe Strategy which I recently published.
Wolfe wave is popular concept among option traders. However, I have made some tweaks in this strategy to standard wolfe pattern trade rules.
Entry price based on breakout
No moving target - using flat target.
Entry is done based on risk reward
Not time...
Hello Everyone,
In this video, I have tried explaining the relationship between win ratio and risk reward.
🎲 Two sides of the coin
People often asked me if a strategy win rate is less than 50% then why do we need to follow it? And also we can see in social media - lots of people claiming 90%+ win ratio for their strategy.
There is also another set of...
Hello All,
In this video - we discussed about what is repainting, different types of repainting, how we can identify them and some resources for programmers to avoid them programmatically.
Here are some quick resources for programmers:
www.tradingview.com
Please let me if there are further questions
Hello Everyone,
Here is a video on detailed settings guide to invite only script -
In this video, we discuss about:
* Few important settings and how to use them
* Few references to other tutorials for extended help
Also please refer to linked ideas about:
* How to customise alerts in Auto Harmonic scripts
* How to use external filters
Let me know if you...
Hello All,
I have made this video which covers briefly on following points for Auto-Chart-Patterns-Ultimate-Trendoscope
1. Indicator components
2. Detailed settings
3. Few key features
4. Info about trading different patterns included
I could not cover alerts in the video due to time constraints. But, alerts is same as that of ...
Hello Everyone,
Here is a small video describing the idea on studying divergence data based on divergence backtester script.
To understand further, you can study some of my older scripts on divergence. You can find them under my profile: www.tradingview.com
Filter only open source scripts so that you will see only free to use scripts with code available. This...
Hi All,
As discussed in the video, below are the steps to define fully customisable alert templates and alerts in pine script. This is a generic idea which can be implemented for any script.
Step 1. What all parameters(keys) need to be sent in alerts.
Step 2. Create a default alert template
Step 3. Create a user input where users can alter the default alert...
Making this video on setting alert in the invite only scripts
Auto-Harmonic-Pattern-Ultimate-Trendoscope
Auto-Harmonic-Projection-Ultimate-Trendoscope
Auto-TrendLines-and-Support-Resistance-Ultimate-Trendoscope
For value placeholders, please visit the description and updates done in 11th and 12th Feb for Harmonic Pattern scripts. And 20th Feb for Auto...
Have made this video to give brief demonstration on Auto Harmonic Projections. Hope you enjoy the video and the indicator. Please let me know if you have any questions.
Hi All,
I have created this brief video to demonstrate how to use manual harmonic patterns and projections scripts.
Hope this is useful and please let me know your feedback :)
![ETHUSDT: HOW-TO: Wolfe Strategy [Trendoscope]](https://s3.tradingview.com/j/jM92xnsX_mid.png "HOW-TO: Wolfe Strategy [Trendoscope]")
![MATICUSDT: HOW-TO: Auto Harmonic Projections - Ultimate [Trendoscope]](https://s3.tradingview.com/d/dTclMqhn_mid.png "HOW-TO: Auto Harmonic Projections - Ultimate [Trendoscope]")
