Papercuts Dynamic EMA - Relative Parameter FunctionThe goal of this is to link two parameters of different known low and high values so one affects the other.
In this case, I want to link Relative Volume to the length of an EMA, so it responds faster in times of high volume.
As an animator I am used to linking values in this way with Maya using a set driven key, took some work to figure it out in pine.
Looking up this concept, it has a few names, Relative values, linear interpolation, or rescale values.
Thanks to pinecoders for writing the EMA funciton that can accept length variables!
Here's a quick look at the root function to link the two values.
f_relativeVal(_source, in_bot, in_top, out_bot, out_top) =>
// float _source: input signal
// float in_bot : minimum range of input signal.
// float in_top : maximum range of input signal.
// float out_bot : minimum range of output signal.
// float out_top : maximum range of output signal.
clampSrc = _source > in_top ? in_top : _source < in_bot ? in_bot : _source //claps source to create a controlled range
//relInput = (clampSrc - in_bot) / (in_top - in_bot) * 100
inDiffIncrement = (in_top - in_bot)
outDiffIncrement = (out_top - out_bot)
out_bot + (clampSrc - in_bot) * outDiffIncrement / inDiffIncrement // rescale input range to output range
Average
Complete MA DivisionThis indicator simply divides two moving averages and calculates the slope of the resulting curve to show when an asset's momentum is slowing down. The original idea was in a recent youtube video by Ben Cowen . His indicator didn't show the complete history of the moving average, so I wanted to try a little trick to get the moving averages at the beginning of time even when using a large moving average period. I accomplished this by counting the number off current bars using the cum() function. After the count is hit, the period will be constant.
Changing the curve smoothing will smooth the actual curve. Both moving average periods should be divisible by the curve smoothing.
Changing the slope smoothness will dictate when the slope is starting to slow down. Keep this high to break through the noise.
Start of Red = Good time to sell
Start of Green = Good time to buy
There is a weird issue with the smoothness of the line so just keep your moving averages divisible by the curve smoothing. I couldn't figure that issue out yet.
Multi-Length Stochastic Average [LuxAlgo]This indicator returns the average of stochastic oscillators with periods ranging from 4 to length . This allows for a slightly more reactive oscillator as well as having information regarding the position of the price relative to rolling maximums/minimums of different periods.
We introduce settings that allow for pre and post-smoothing, with selectable smoothing methods and periods for both steps.
Settings
Length: Period of the indicator, determine the maximum period of the stochastic oscillator used in the average
Source: Source input of the indicator
Pre-Smoothing (1st Input): Degree of smoothing applied to the source input
Pre-Smoothing (2nd Input): Pre-Smoothing Method
Post-Smoothing (1st Input): Degree of smoothing applied to the final oscillator output
Post-Smoothing (2nd Input): Post-Smoothing Method
Smoothing methods include a simple moving average, a triangular moving average, and a least-squares moving average (this method can induce overshoots during the post-smoothing step). The user can also select "None".
Usages
The "multi-length" aspect of technical indicators is something that hasn't been deeply explored yet such indicators can give us information regarding both short-term and long-term information which was the motivation for the creation of the indicator.
The Multi-length Stochastic Average allows us to quantify the price position relative to a multitude of highest/lowest levels.
In the example above the oscillator returns the average of stochastic oscillators with periods ranging from 4 to 20, as well as multiple rolling minimums with periods ranging from 4 to 20. We can see that when the price is equal to all rolling minimums the oscillator is equal to 0, the oscillator would return 100 if the price were equal to all rolling maximums with periods in that same range.
The oscillator can be interpreted like any scaled oscillator and can be used to estimate trend direction as well as trend strength.
Here we only make of use pre-smoothing by using a period 20 simple moving average. The indicator graphical elements such as colors/circles can help us determine potential directions trends might take.
Circles are displayed when the oscillator crosses over/under the 20/80 level. Such conditions offer better timing than waiting for the oscillator to be greater/lower than 50 and are less subjective to noise than simply looking at the direction taken by the oscillator. However, it can suffer from potential retracements in a trend more easily, this is illustrated in the chart above.
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.
Average Highest High and Lowest Low Swinger StrategyThis is a full price action strategy designed for trending markets such as crypto and stocks.
Its purely made on calculations for the highest high and lowest low using 2 different length , a faster and a slower one.
With those we make multiple averages.
Rules for entry:
For long: our close of the candle is above both the average using fast and slow line
For short: our close of the candle is below both the average using fast and slow line
Rules for exit
We always exit when we have an opposite order
Caution
This strategy use no risk management system, so be careful with it
If you have any questions, let me know
Trend System Multiple Moving Averages RatingThis is a trend system made with multiple moving averages designed especially for trending markets such as stocks or crypto.
It can be used with any timeframe.
Its made of multiple moving averages such as
Simple
Weighted
Volume Weighted
Exponential
Double EMA
Arnaud Legoux
Hull MA
Smoothed
Least Squares
Kaufman Adaptive
Triple EMA
Zero Lag
Fractal Adaptive
Variable Index Dynamic Average
Jurik Moving Average
Tillson
Triangular
Avg of all moving averages
It has also a rating, making an avg from all of the moving averages , going from -100 (all ma's are telling to go short ) to 100 ( all ma are telling to go long).
If you have any questions let me know !
Heikin Ashi Cloud overlayThis script displays a cloud representing the bodies of Heikin Ashi candles, which allows to have all the information of the HA technique without losing focus on the classical candles.
Also has arrows to indicate a trend reversal (counterproductive in a range !)
Cross Average PriceSimple script that allows you to view crossings and averages 14/50/100/200 in a simple and intuitive way.
With this script you can keep an eye on trends visually.
Green Point = 14 crosses 50
Yellow Point = 14 crosses 100
Red Point = 14 crosses 200
BT Astrology Indicator by Imthiaz007
BT-Astrology Indicator is fine tuned indicator to calculate and draw daly support and resistance based on Gann level for intraday trade or swing trade.
The original Idea is given by Mr. Alex from Badshai Trading; I am a Software Developer by profession so that I just coded it and add some signals for back testing.
I also add following Indicator for better view:
a) Simple Moving Average
b) VWAP
c) Bollinger Band
The Input section of the Indicator :
SMA :- Length 35 as per Mr. Alex suggestion
Minutes : Enter minutes in terms of number of minutes on which VWAP value will be taken for calculating the levels.
By default it will be 20 means VWAP value of 9:35 AM candle will be consider for drawing levels.
How it works ?
Buy : When resistance is broken with higher high formation and candle is above 35 SMA
Sell : When support is broken with lower low formation and candle is below 35 SMA
Hope you like it!!!
Swing/Scalper HULL + T3 avg Crypto StrategyThis is a both a swing and a scalper strategy(depends on the timeframe that you use), that works with all timeframes, however I noticed that with swing 3h works the best on most crypto pairs, such as ETH, BTC and so on.
Its main components are:
Hull moving average
T3 moving average
Risk management
With them I make an average and use it as the main moving average.
Rules for entry
For long: Average moving average is bigger than previous average moving average value.
For short:Average moving average is lower than previous average moving average value.
Rules for exit
We exit when either the TP/SL has been hit, or when we get a different condition than previous one(both for long and short).
If you have any questions, let me know !
Moving Average Ribbon [TheBearFighter]
This code was written using:
•Pine Script Coding Conventions.
This script provides a very useful tool for new community users and professionals. It puts at your disposal a Moving Average Ribbon by hand to graph and easily find the ones with the highest performance. The creation of this script was motivated because in free TradingView accounts there is a limit of 3 indicators by chart, and with this tool you can draw up to 32 MA's at the same time!
Choose one of 10 types of MA´s:
•KAMA Kaufman's moving average.
•HULL Hull moving average.
•TEMA Triple exponencial moving average.
•LSMA Least square moving average.
•DEMA Double exponencial moving average.
•ALMA Arnaud Legoux moving average.
•WMA Weighted moving average
•EMA Exponencial moving average.
•VWMA Volume Weighted moving average.
•SMA Simple moving average.
Use the tooltips to know the lengths of MA´s.
A main characteristic of the script is that the lengths are in days but when changing the lowest timeframes, the same daily resolution is maintained. This gives us extreme precision in intraday timeframes, e.g 30 minutes.
Once this is understood, we can turning the MA´s on/off, and changing the timeframe to our liking.
Available timeframes: M, W, D, 4H, 1H, 30m, 15m, 5m.
Also the MA´s are colored for easy visualization and know if they grow or decrease.
Thank´s to @midtownsk8rguy to let me know more about HEX colors.
Thank´s to @HPotter for his KAMA.
Supertrend BandsSupertrend Bands
What is the Supertrend indicator?
"The Supertrend indicator is a trend following overlay on your trading chart, much like a moving average, that shows you the current trend direction.
The indicator works well in a trending market but can give false signals when a market is trading in a range.
It uses the ATR (average true range) as part of its calculation which takes into account the volatility of the market. The ATR is adjusted using the multiplier setting which determines how sensitive the indicator is."
"For the basic Supertrend settings, you can adjust period and factor:
- The period setting is the lookback for the ATR calculation
- Factor is the what the ATR is multiplied by to offset the bands from price"
How to use this indicator
This indicator is inspired by a strategy I found. It includes four Supertrend indicators, each with different settings that displays trend strength and support/resistance zones. The default settings are optimal for cryptocurrency but do work quite well for traditional also. I highly recommend you try experimenting with different settings, increasing them to suit the instrument.
The bands are set from low to high, Band 1 being the fastest and Band 4 being the slowest. Band 4 is the one that sets the overall trend so when price is above Band 4, the trend is bullish and vice versa. Trend is strongest when price is above/below Band 1 and gets weaker as it filters through each band. Band 4 provides the strongest support/resistance and if that breaks the trend flips.
In the menu, you will see an option called "Remove Anti Trend?". It is enabled by default and it removes any bearish/resistance bands when the trend is up and any bullish/support bands when the trend is down. When turned off, it will show all Supertrend Bands as they are by default.
Bar Colors
Bar colors are optional and they reflect the current trend strength based on the Supertrend bands.
Alternate ways of using this indicator
You could leave everything as default or you can display individual bands. For instance, because I use many overlay indicators, most of the time I turn off all the bands and only show bar colors:
You can also turn off Bands 1 and 2 and only show the two slowest lengths:
This removes the noise of the two faster Supertrends.
Or just show the two fastest bands:
Any suggestions to improve this indicator are most welcome :)
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.
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
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.
