TTP Gavin's DCA BacktestPurpose:
The DCA Backtest script was designed to backtest the performance of any indicator using DCA bots.
"Open Deal ASAP" Deal Start Condition:
This script offers "open deal ASAP" deal start condition which will continuously open new deals. IT will wait for the current deal to close before opening a new one.
"Script" Deal Start Condition:
If you select the "Script" deal start condition we provide Bollinger Bands as an example. You can tweak the BB parameters from the indicator settings menu.
"Indicator" Deal Start Condition:
The third option is "Indicator". For this option to work you must have an indicator that plots a unique value that can be recognised as a BUY signal.
We recommend that your indicator plots 1 when it should buy and 0 when there's no signal.
Once you have in the same chart your indicator and your DCA backtest it's time to hook them up. For that follow these steps:
1) select "Indicator" as deal start condition
2) select your indicator from the list as "deal start source"
3) If you are following our recommendation then use 1 as "deal start value" so it can tell the DCA backtest when to open a deal. Make sure that your indicator only plots 0 or 1 so the DCA backtest can distinguish the BUY signal appropriately.
Limitations:
Each time you make changes and save your external indicator while you are backtesting, you will have to hook up the indicator again with the DCA backtest in the settings.
To avoid this, add as many parameters as you need to change in the external indicator so in that way you won't need to save changes to it and therefore will manage to avoid having to hook up the indicator with the DCA backtest.
Average
Tradingview ToolkitA new trader's biggest barrier to entry is lack of understanding where they are in terms of time and price and with tradingview free they are often limited to just 1 or 2 extra indicators as many new traders slap on RSI and MACD as 2/3 free ones. While these indicators are fine for trend analysis, its important to know where the price is in relation to time. Thus, this all-in-one script is meant to have a lot of customizable utility to save on indicator spots and act as a hotspot for many common needs.
-2 Sets of VWAP line w/ standard deviation bands with customizable timeframes.
-1 more customizable timeframe VWAP line (no std dev bands) to use as a long time frame reference
-Ability to plot previous VWAP close prices over current timeframe on all VWAP lines w/ basic color changing if price closes above/below
-2 Sets of Bollinger Bands with customizable source length and MA type
-3 customizable moving averages with custom timeframe/resolutions
-Inside candle barcolor repainter to easily notice if a candle was inside the range of the previous candle (price contraction)
Not meant to have everything on at once, but simply a place to enable and disable different things and save spots for more important things
ETF / Stocks / Crypto - DCA Strategy v1Simple "benchmark" strategy for ETFs, Stocks and Crypto! Super-easy to implement for beginners, a DCA (dollar-cost-averaging) strategy means that you buy a fixed amount of an ETF / Stock / Crypto every several months. For instance, to DCA the S&P 500 (SPY), you could purchase $10,000 USD every 12 months, irrespective of the market price. Assuming the macro-economic conditions of the underlying country remain favourable, DCA strategies will result in capital gains over a period of many years, e.g. 10 years. DCA is the safest strategy that beginners can employ to make money in the markets, and all other types of strategies should be "benchmarked" against DCA; if your strategy cannot outperform DCA, then your strategy is useless.
Recommended Chart Settings:
Asset Class: ETF / Stocks / Crypto
Time Frame: H1 (Hourly) / D1 (Daily) / W1 (Weekly) / M1 (Monthly)
Necessary ETF Macro Conditions:
1. Country must have healthy demographics, good ratio of young > old
2. Country population must be increasing
3. Country must be experiencing price-inflation
Necessary Stock Conditions:
1. Growing revenue
2. Growing net income
3. Consistent net margins
4. Higher gross/net profit margin compared to its peers in the industry
5. Growing share holders equity
6. Current ratios > 1
7. Debt to equity ratio (compare to peers)
8. Debt servicing ratio < 30%
9. Wide economic moat
10. Products and services used daily, and will stay relevant for at least 1 decade
Necessary Crypto Conditions:
1. Honest founders
2. Competent technical co-founders
3. Fair or non-existent pre-mine
4. Solid marketing and PR
5. Legitimate use-cases / adoption
Default Robot Settings:
Contribution (USD): $10,000
Frequency (Months): 12
*Robot buys $10,000 worth of ETF, Stock, Crypto, regardless of the market price, every 12 months since its founding time.*
*Equity curve can be seen from the bottom panel*
Risk Warning:
This strategy is low-risk, however it assumes you have a long time horizon of at least 5 to 10 years. The longer your holding-period, the better your returns. The only thing the user has to keep-in-mind are the macro-economic conditions as stated above. If unsure, please stick to ETFs rather than buying individual stocks or cryptocurrencies.
Moving Average Slope AnalysisThis is a simple script which allows to do slope analysis on any kind of Moving Average. Simply change the moving average function that you wish to work with , in the script.
Slope analysis may be required for fine-tuning trade automation software , which uses Moving Average for determining optimum enter/exit point.
Read code comments for instructions!
Moving Average Buy/Sell IndicatorUsing a selected Exponential Moving Average (EMA)/Simple Moving Average (SMA) range, this indicator inserts a Long/Short (buy/sell) indicator overlaid on chart depending on the following conditions:
- LONG/BUY SIGNAL = if SMA value is less than EMA, and both the SMA and EMA are less than the current average price.
- SHORT/SELL SIGNAL = if SMA value is greater than EMA, and both the SMA and EMA are greater than the current average price.
**Intended for use with the 21 and 34 weekly moving average time range. Much more useful for long-term analysis rather than short-term analysis.**
Moving Average Crossover with Shading Signals This script uses 3 moving averages (2 simple moving averages and 1 exponential moving average ) to signal long and short opportunities based on moving average crossovers.
A long SMA (Signal SMA2) is used to determine longer term trend. When the EMA crosses above the Slow SMA1 and price is above the Signal SMA2. The space between the moving averages will shade green and the Signal SMA should also be green.
A sell signal occurs when the EMA crosses below the Slow SMA1 and price is below the Signal SMA2. The space between the moving averages will turn red and the Signal SMA should also be red.
A retracement, consolidation, or reversal may be occurring if the shaded color is yellow.
Use the identifying shapes to learn when to open or close positions.
Dankland Playground Moneymaker - V2“version 2” of my playground bot script. Its essentially a powerhouse suite of strategies. Although it is similar to the previous script, it nets different results as sections have been changed. Such as the somewhat reluctant removal of the Chande Momentum... The RSIs have also been updated, this was one of the main changes. RSIS now include a Moving Average cross of RSI to generate signals above and below the given thresholds instead of simply on crossing a threshold. This should give greater functionality overall. Most functions including Moving Averages have been updated to include a wider range of kinds of moving averages. This includes not just the moving average cross, but MACD and RSIs as well. I tried to perform the same upgrade on the %B, Stochastics and SMI, but hit the unpacked code limit of 60,000 lines... So, more “versions” will have to come for future “upgrades”, with the recognition that there will be cases where the old, “downgraded” versions may perform better and that some people (like myself) may continue to use them on some markets until I/we devise superior settings on the new ones for said markets. For instance, instead of replacing my 1 hr BTCUSD bot (where I used the now deleted Chande to pretty pleasing affect...) I made a new one for LINKUSD 10 min so I can have both running for now and work on replacing the BTCUSD later.
How it works basically is this... you have 16 oscillators which can all be used as independently as you wish. They can be split up into different groups or ran all together.
When in separate groups they should not be able to sell eachothers positions without triggering a full stop loss by turning the Independence/Stop All switches on. Every single oscillator has its own entry and exit position sizing which can be stated as either a percent of balance or a flat amount of contracts (or both combined). Each oscillator has a minimum amount of profit you can tell it to sell it, which is calculated from the average cost of your current position, which does include all groups. This works out to help you average out better entry and exit prices, essentially a method of DCAing.
You can set the minimum sale amount, which is to keep it from placing orders below your exchanges minimum dollar trade cost.
All this functionality combined also ensures more accurate back tests by ensuring that the script simply cannot spend money it doesn't see as in the balance, whereas other scripts will use a percentage of equity, and once 100% of your equity is in BTC for instance, it will keep buying more BTC for free and thus spoof up backtest numbers. If you look through the strategies here, many people claim to have amazing scripts and then you look into it and this is happening and skewing their numbers. These people are either very ignorant or what they made or scam artists and trolls in my opinion.
This version also includes On Bar Close switches for each oscillator. When switched on, signals are only allowed to generate on Bar Close. This helps to prevent retriggering from live signals, which when you are running this many oscillators, will become a problem! However, in most cases, you do not need to generate signals intrabar, as backtests will show, ignoring intrabar buys and sells (intrabar stop losses can still be very important though!) won't exactly keep you from high profitability strategies, but rather, allowing elements of chaos from live indicators moving up and down intrabar will, in fact, drift your actual results further and further from the backtest. You want an accurate backtest though. So choose wisely when you turn these off and you will do better.
The included oscillators are as follows:
NO MORE Chande Momentum cross – REMOVED – I was hitting PINE code limits here so I had to make choices and this one simply had to go. Begone!
Moving Average Cross
MACD cross
%B Bollinger cross
Stochastic cross + region filter
Stochastic RSI cross + region filter
SMII cross and region filter
Three RMIs
Know-Sure-Thing line-cross
Coppock Curve line-cross
TRIX line-cross
RSI of MA w/ MA cross
RSI of MA of KST w/ MA cross
RSI of MA of Coppock Curve w/ MA cross
RSI of MA of Trix w/ MA cross
So the idea is that this is essentially multiple strategies combined into one backtestable house. Balance is calculated for all position sizes in order to try to prevent false entries that plague so many scripts (IE, you set pyramiding to 2, each buy $1000, initial balance $1000, and yet it buys two orders off the bat for $2000 total and nets 400% profit because the second was considered free, happens on 90+% of scripts on Tradingview if you aren't very very careful!)
You tune each indicator and position size them so that they work together as well as you can and in doing so you are able to create a single backtest that is capable of running a bot, essentially, between multiple strategies - you can run a slower Moving Average cross, a faster SMI cross or MACD , or Bollinger that grabs big moves only, all the while having MACD trade small bonuses along the way. This way you can weight the Risk to Reward of each against eachother.
I will not try to claim this is something you can open and with no work have the best bot on the planet. This scripts intention is to take a lot of relatively common trading strategies and combine them under on roof with some risk management and the ability to weigh each against eachother.
If you are looking for a super advanced singular algorithm that tries to capture every peak and valley exactly on the dot, this is not for you. If you are looking for a tool with a high level of customizability, with a publisher who intends to update it to the best of his ability in accordance to seeking to make the best product that I personally can make for both myself and the community (because I will be using this myself of course!) that was specifically designed with the intention of performing well in spot markets by averaging low entry costs and high exit costs, this is for you! That is the exact intention here. It can certainly work with margin, but you will have to take extra care in setting your stop losses. I intend to make a version capable of going short which will be included as part of the package. It may take some work to keep all of the risk management working as well for shorts though. There will be more scripts added to the “package” as I hit the limit on this one a few times and have had to keep some ideas out already.
The current backtest shown is hand-optimized by myself for Link /USD 10min market (Binance US – shouldn't need much work to fit to other exchange markets) with multiple stop losses.
Buy/Sell Volume confirmation for BO_Entry_ExitThis script helps to identify the volume strength basis EMA and various EMA multipliers, There are provisions provided to enable and disable when the volume is gaining momentum and the volume for a particular candle touches the Break Out criteria. Users will be able to modify the criteria for Volume strength and Volume break out Indication. It will also show the buyers & sellers strength of a volume bar which the uses will be able to enable and disable.
Stepping MAInput desired timeframe and etc
Ex: Timeframe Daily
Input 100
Will display daily moving of 100 on every timeframe
Trend Indicator A-V2 (Smoothed Heikin Ashi Cloud)"Trend Indicator A-V2" and "Trend Indicator B-V2" are updated and improved versions of my initial trend indicators. Totally rethinking the code, adding highs and lows in the calculations, including some more customisation through colour schemes.
In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi” .
The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
Moving Average BandsUse this script to find buy and sell zones for BTC based on momentum of the move relative to the average asset price over a given period. The script plots a series of offset bands above and below the Simple Moving Average. When price crosses another band further from the SMA, the background is rendered brighter. The brighter the background, the stronger the buy and sell signal is, as the expectation is that price wants to return to the SMA. Settings are adjustable to fine tune to various time frames and assets. Good settings for BTC Daily are length 30, layers at 10, 20, 30, and 40.
On 1H BTC/USD I use length 200, layers at 5, 10, 15, 20 to find decent swing trading opportunities.
On BTC/USD 1D chart, combine with Bitcoin Logarithmic Growth Curve from @mabonyi (original by @quantadelic )for confluence of very reliable signals.
RSI With Optional Average @RknOur old fellow RSI , but with an average (Select among SMA, EMA or WMA) line in this version. When RSI crosses its average or the center (50) line it may be considered as a Buy and/or Sell signal.
Just coded for learning purposes. Anyone who think that an average line would be good on RSI is welcomed.
Dziwne Trend Indicator B (EMA + Heikin Ashi) V1Based on my own "Dziwne Trend Indicator A (EMA + Heikin Ashi cloud)" , I tweaked the original script to display and "measure" the overall trend.
ATR Pip Control█ OVERVIEW
Here is a script based on the ATR but which unlike the traditional ATR using a Multiplier, here we use a signal filter by the Exchange of Prices
between Ticks. The more you increase the value, the more the parasitic signals will be filtered.
█ HOW TO INTERPRET?
• The signals are represented on the chart by "Buy" (Green) and "Sell" (Red) Labels.
• Pip Channel Control : Filters ATR Signals by the Exchange of Prices between Ticks. 0 = Disabled.
• Pip Length : Length of the Pip Channel. Depending on the Markets, the value can differ from 2 to 20 for Futures, Forex, CFD...
(But can go up to 5000 or more for Cryptos.) 0 = Disabled.
• Local High/Low : Local High/Low lines can be used as Stop Loss/Take Profit Zone.
• you have the option to display or not the Unconfirmed Signals on the Chart.
(They will also be displayed with "Buy" and "Sell" Labels but being transparent).
• The indicator works on all Timeframes and all types of markets.
• NO THE INDICATOR DOESN'T REPAINT.
█ ALERTS
Here is the list of Alerts available :
•ATR Buy (Unconfirmed)
•ATR Buy Condition!
•ATR Sell (Unconfirmed)
•ATR Sell Condition!
Please note that it is essential to always choose "Once per bar" (and NOT the "Once per bar close"!) option
whenever you want to place an Alert.
MA Cross Ribbon + [RSI,StochRSI,VolOsc,RoC,Compare,Info Panel]
Draws all sorts of useful information directly onto the Chart
Moving Average Ribbon with configurable offsets
Allows you to easily visualize MA Crossovers
Easy to view in the Data Window
RSI Indicator (Overbought, Oversold, Healthy)
Stochastic RSI
Volume Oscillator (Bullish, Bearish, Healthy)
Rate of Change Indicator
Compare Symbol without adding a new scale (Symbol, Timeframe, Divider)
Moving the chart around won't ruin your comparison
Allows you to see the general sentiment of all your configured averages at a glance
100% Configurable
If there is anything you would like added please comment, It's very likely I will be adding more things to this.
ATR - ATR from Low, ATR from High LabelsChecks what the average true range is for the X amount of trading days. Then will also label the ATR from the low, and the ATR from the high of the current day.
A second label can be created dependent on current days RVOL %. If RVOL is not 0 or 1, then it will create the second label. Otherwise it will just leave it as the standard label.
The calculation for second label is RVOL * ATR.
MDX Free (PA) Buy/Sell ConfimationThis is a free version of the MDX Crypto trading "bot". Note that this indicator and the MDX version are based on simple code available on trading view or via google search.
This indicator is based on the super trend indicator to provide buy/sell signals at inflection points of uptrends and downtrends. These inflection points are commonly used as entry/exit points for trading. They are represented on the chart as green (buy) or red (sell) arrow.
This also uses two exponential moving averages. One average is set over 21 bars (fast) and the other is set over 55 bars (slow). When the plots intersect it represents a change in momentum. This is shown on the chart as a red (negative change) or green (positive change) diamonds. When a green diamond follows a green arrow it is considered a confirmed buy. When a red diamond follows a red arrow it is a confirmed sell.
Caution:
Caution this indicator is not reliable on its own, especially on low time scales. When looking back in time this indicator will almost always show a "confirmed buy" before a large increase in price, but on many occasions you can have a "confirmed buy" which is followed by a dump in price, that will not trigger sell signal in time. For best results use with 15m to 1h timeframes
Disclaimer:
This indicator is for informational purposes and should be used for educational purposes only. If you rely on this for trading without additional information you will loose money. I am not a financial advisor, or a professional trader. Use at your own risk.
This is an unpolished version. It may be updated and the source code published if it is used.
Customisable Moving Averages x5This is a Moving Averages pack with 5 lines.
This indicator is different from others because with it you can select the MA type used in calculations for each line.
Available MA types are (currently):
SMA
EMA
WMA
VWMA
RMA
HMA
Also configurable (for each line) are data source (open, close, hlc3, etc) and period.
Heavy EMAThis script looks at 5 different EMAs so that you can compare the short term to the long term trend, and combines it with the Parabolic SAR. This can be used to find a great entry into a new or reversing trend.
Volume Average Cross - VAC DefaultVolume Average Cross Default Indicator
This indicator plots signals from two different visual volume averages when they cross.
In does in addition to that show the default volume bars.
This is VAC Default. If you need to see the crosses on your chart and not on the volume bars please go to my VAC Chart Indicator.
Rules:
Fast Volume Period always has to be lower than the Slow Volume Period to trigger correct signals.
Inputs:
-> Fast Volume Average Period
-> Slow Volume Average Period
-> Option to enable/disable the cross-signals and to show/hide both volume averages.
MA Cloud with FillMA Cloud with Fill
This is a powerful custom indicator that uses 3 Moving Averages with a 4th Constant 200 MA (can be customized)
This tells you what the market is doing, and what the overall trend of the market is. A good Swing trade or Day trade indicator.
This indicator works on all markets , it was made and based off of normal candles but heiken ashi works fine, it does not repaint and the recommendations for the indicator is as follows..
Best timeframes to use: 5min, 15min, and 1hr. But any timeframe can be used.
Best settings: the preset settings are what I recommend, depending on trading strategy (I swing trade) you can remove the Buy and Sell labels and just use the strong signal and trend confirmations to make the best trades.
Alternate recommended settings are in the settings tab of the indicator. The slashes represent different settings you can adjust to..
(Example:)
Fast MA: 10/20/30
Mid MA: 12/25/35
Slow MA: 50/60/70
Use 10,12,50 together... use 20,25,60 together... use 30,35,70 together.. etc...
There are multiple labels and reading them correctly takes an experienced eye. This will be updated continuously to filter bad signals or to add strong signals!
Buy and Sell signals are good entry or exit points depending on the overall trend.
These occur when the Fast MA crosses over(BUY) or under(SELL) the Mid MA
They can alert when a trend may reverse or a good take profit point or a good place for a new stop loss if trend continues.
The BEST Buy and Sell Signals are when the...
BUY is in the fill (between fast ma and slow ma) or above fast MA
SELL is in the fill (between fast ma and slow ma) or below the slow MA
Strong Buy and Strong Sell signals are even better but more swing trading entry points
These occur when the Fast MA(lime) crosses over(BUY) and the close is over the Fast MA or under(SELL) the Slow MA and close is under the Slow MA
These Strong labels are showing a trend change in the market for the timeframe you are looking at.
The General Bullish and Bearish signals are some of the best signals and show a confirmed trend in the market. These can be effective to trade on alone, otherwise good for confirming a position.
These occur when the Fast MA crosses over (BULLISH) the constant MA (200) or under (BEARISH) the constant MA (200)
The Strong Bullish and Bearish signals are the strongest signals for this indicator.
These occur when the Fast MA crosses over (BULLISH) the constant MA (200) and the close is over the Fast MA or under (BEARISH) the constant MA (200) and the close is under the Slow MA.
Background colors of aqua and red are showing the same general bullish or bearish signals, and can be effective if you want to see that trend change without having the labels showing up.
There are settings available to color the bars depending on the trend.
Green if Fast MA is over the Slow MA and the close is above the Fast MA
Red if the Slow MA is over the FAST MA and the close is under the Slow MA
Gray is when the close is opposite of the trend and between the fill
Purple is when the close is opposite of the trend and is Below the opposite corresponding MA (Above Fast MA when bearish, Below Slow MA when Bullish)
You can also change the fill color between the Fast and Slow MA which colors the fill the same as bar colors but the purple will be a light shade of black in the fill.
There are also Pivot Labels and Alternative Tops and Bottoms signals which are betting opposite of the indicators and can be useful for daytrades to see potential reversals. These are very risky and not recommended to trade on .
These are more for seeing if your trend is holding strong or if there could be a potential reversal in the next few bars if you are looking to exit.
Updates are always being made and I'm betting some of you will be able to find even better stronger settings to put in. The recommended settings are just what I personally have noticed that works best, but all inputs can be customized!
Safe Trading Strategy:
Go to settings and uncheck the buy and sell signals.
(up to you) uncheck the strong buy and strong sell signals.
You will be left with the bullish and bearish signals of both general and strong and these have proven to be some of the strongest trades to take.
If you keep the strong buy and strong sell, these can be good to enter a new position or exit a previous position, depending if bullish or bearish trend confirms but some of these can be false overall trend signals and I do recommend using a different indicator to confirm the reversal or confirmation (RSI, MacD, etc..)
Want to use this indicator or wondering how to add to your chart? DM me or join the link in my profile to get a glimpse at what is all available!
We are all in this together and the more one gains, the more we all succeed!
CC - PVT CloudsReleasing this test script for PVT ratios using sub-interval harmonics at a 1D, 4H, 1H, 45M, 15M and 5M level.
It basically takes the PVT values for a rolling periodic interval and gets the (avg - min)/max for that interval (the ratio).
Then it colors it based on the subinterval next to it. Just think of it as rolling Ichimoku clouds, but in real-time using PVT.
I'm not saying much more than that, as this is an experimental indicator. Feel free to use it and give me feedback.
Drop a like if this helps you trade, but please do not use these indicators as a DIVINING ROD for your trades.
However, I will possibly release a paid version with TEXTUAL take profit/stoploss indicators.
*DISCLAIMER*
No amount of technical indicators will safe you from a lapse in Due Diligence or Market/Industry Judgement.
I am not responsible for lost equity due to trades caused my relying on this indicator.
Welles Wilder MA [MX]The average of 34 periods I observe as a mobile S/R, but I usually observe it more when it is in strong trend, and the average of 72 and 89 as trend dictators, if the asset is above them = Bullish , below = Bearish , and the 144 average as the last moving S/R, and also as an S/R even stronger than all other MAs and when the asset loses that average, I see it as final confirmation of the other previous averages.
I give more importance to the average of 89 periods than to 72, because I see it as an extension to the average of 72, as if it were a trend range.
for those who prefer to observe the crossing of short and long averages as a way to see the trend, I also left this option, although I do not use
//////////////////////////////
A média de 34 periodos eu observo como um S/R móvel, mas eu costumo observar ela mais quando está em forte tendência, estando bem bearish ou jeffish, e a média de 72 e 89 como ditadoras de tendência, se o ativo está acima delas = Bullish , abaixo = Bearish , e a média de 144 como o último S/R móvel, e também como um S/R ainda mais forte que todas as outras MA's e quando o ativo perde essa média, eu vejo como confirmação final das outras médias anteriores.
Eu dou mais importância a média de 89 períodos do que a de 72, porque eu vejo ela como uma extensão a média de 72, como se fosse um range de tendência.
para quem prefere observar o cruzamento das médias curtas com as longas como forma de ver a tendência, eu deixei também essa opção, embora eu não use
