*** THIS IS JUST AN EXAMPLE OF STRATEGY RISK MANAGEMENT CODE IMPLEMENTATION ***
For my own future reference, and for anyone else who needs it.
Pine script strategy code can be confusing and awkward, so I finally sat down and had a little think about it and put something together that actually works (i think...)
Code is commented where I felt might be necessary...
The Two Versions of this Indicator I learned from Two Famous and Highly Successful Traders. This Indicator shows With No Lag Clear Up and Down Trends in Market by Documenting Clearly If Bulls or Bears are in Control. The Version In SubChart 1 Shows Consecutive Closes if the Current Close is Greater than of Less than the Midpoint of the Previous Bar (Why Midpoint...
What is EMA ?
Ema is known as exponential moving average, it comes from the class of weighted moving average. It gives more weightage to the recent price changes, thus making it much more relevant to the current market analysis. Also it provides a dynamic way of calculating support and resistances in a trend following setup.
The most common way to mint profit out...
Maximum Drawdown and Maximum Relative Drawdown% calculating functions.
I needed a way to calculate the maxDD% of a serie of datas from an array (the different values of my balance account). I didn't find any builtin pinescript way to do it, so here it is.
There are 2 algorithms to calculate maxDD and relative maxDD%, one non optimized needs n*(n - 1)/2...
/ This script calculates the daily resistance and support levels. The entry is when the close breaks these levels.
// Then it sets 4 exit lines, if the backtraces these lines you've got your normal exit.
// If the close crosses the TP you've got your TP exit. And if the close crosses the SL you've got your SL exit.
// This is the good part --> If the...
Cup with Handle formation calculations using Pine.
First of all, ignore all other lines in the example chart except the two FAT lines. The two fat lines are the ones that define the Cup With handle or in the example chart: a Reversed Cup With Handle.
Note: Handle does not always develop and sometimes the final target price is reached without forming any...
This is an old and incomplete script that is being pulled up and dusted off as per request.
The sole purpose of this script was to provide code snippets allowing one to easily convert their own script/strategy to include incremental order sizes. More control over your pyramiding orders.
**It may repaint, and was not intended for trading but more as an attempt...
*** THIS IS JUST AN EXAMPLE OF STRATEGY TIME LIMITING CODE IMPLEMENTATION ***
This is a follow up to my example for risk management implementation here:
Code remains mostly unchanged, but now includes a time limiting implementation.
Relevant code blocks for the time factor...
FREE CRYPTO WAVE
Advantages: Large timeframe charts will give trend direction, wave is set to monthly trend.
TradingView account needed: free
How to gain access to this script: available free from the indicators list!
If you like this free indicator, check out our ideas at: www.ceo.codes
Watch our indicator...
Ever wish you didn't have to rapidly flip between 6 different intervals to get the full picture?
Yeah, me too. Do you also wish that you kind of understood how the shift / unshift function works for arrays?
Yeah, I did too. Both of those birds are taken care of with one stone!
The Consolidated Interval Display uses the new Array structure and security to display...
Looking at the extended session is awesome and can certainly give you an edge on trading the open of a market. If you're more of a technical trader, though, you run into the problem of the extended session data throwing your indicators off. To fix that, use the code below as a template for whatever indicators you use.