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OH2B Take Profit IndicatorOH2B Trading Indicator The Take-Profit Indicator gives you exit points for taking profits based on the Average Directional Index and Relative Strength Index. It also gives you possible swing-high and swing-low in a trend . The OH2B Trading Indicator is an indicator that gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover. Both indicators work better in tandem with the best result. Trading with Both Indicators Orange Zone : Wait for the next signal from OH2B Trading Indicator. The OH2B Trading Indicator gives you entry points for BUY or SELL . When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL When a BUY or SELL signal appears on the chart, don't rush into any trade. Please allow a few hours for confirmation of signals . To take profit, please follow the Take-Profit Indicator at the bottom. RED dots are the Take-Profit targets for the BUY (long) signal GREEN dots are the Take-Profit targets for the SELL (short) signal *After taking profit, please set a Stoploss to at least break-even level to protect your profits. When the price enters the Orange Zone again, you may close your trade and wait for the next signal. If you like to keep your positions at Orange Zone, please remember to set a stop-loss alert when an opposite signal pops up on the chart. Often the price goes to the Trendline after the signal, so keep some funds to increase the position or even open all position near the Trendline , or use it for re-enter with SL after you closed position on TPs.
Pine Script® indicator
by Oh2bbbbb
9
OH2B Trading Indicator for Swing TradingOH2B Trading Indicator The OH2B Trading Indicator is an indicator built for advanced traders. It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover. It offers you a higher frequency of signals for swing trading. The Take-Profit Indicator gives you exit points for taking profits based on the Average Directional Index and Relative Strength Index. Trading with Both Indicators Orange Zone : Wait for the next signal from OH2B Trading Indicator. The OH2B Trading Indicator gives you entry points for BUY or SELL . When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL When a BUY or SELL signal appears on the chart, don't rush into any trade. Please allow a few hours for confirmation of signals . To take profit, please follow the Take-Profit Indicator at the bottom. RED dots are the Take-Profit targets for the BUY (long) signal GREEN dots are the Take-Profit targets for the SELL (short) signal *After taking profit, please set a Stoploss to at least break-even level to protect your profits. When the price enters the Orange Zone again, you may close your trade and wait for the next signal. If you like to keep your positions at Orange Zone, please remember to set a stop-loss alert when an opposite signal pops up on the chart. Often the price goes to the Trendline after the signal, so keep some funds to increase the position or even open all position near the Trendline , or use it for re-enter with SL after you closed position on TPs. Tips for the traders: Recommended using the indicators at 1H Timeframe . Recommended using the indicators for Spot Trading at both Crypto and Stock Market. Do not use leverage above 5x. No more than 5% of the deposit in one trade. Try to enter/exit a position by limit orders. Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
Pine Script® indicator
by Oh2bbbbb
2
OH2B Trading Indicator for Long-Term TradingOH2B Trading Indicator The OH2B Trading Indicator is an indicator built for beginners. It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover. The Take-Profit Indicator gives you exit points for taking profits based on the Average Directional Index and Relative Strength Index. Trading with Both Indicators Orange Zone : Wait for the next signal from OH2B Trading Indicator. The OH2B Trading Indicator gives you entry points for BUY or SELL . When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL When a BUY or SELL signal appears on the chart, don't rush into any trade. Please allow a few hours for confirmation of signals . To take profit, please follow the Take-Profit Indicator at the bottom. RED dots are the Take-Profit targets for the BUY (long) signal GREEN dots are the Take-Profit targets for the SELL (short) signal *After taking profit, please set a Stoploss to at least break-even level to protect your profits. When the price enters the Orange Zone again, you may close your trade and wait for the next signal. If you like to keep your positions at Orange Zone, please remember to set a stop-loss alert when an opposite signal pops up on the chart. Often the price goes to the Trendline after the signal, so keep some funds to increase the position or even open all position near the Trendline , or use it for re-enter with SL after you closed position on TPs. Tips for the beginners: Recommended using the indicators at 4H Timeframe . Recommended using the indicators for Spot Trading at both Crypto and Stock Market. Do not use leverage above 5x. No more than 5% of the deposit in one trade. Try to enter/exit a position by limit orders. Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
Pine Script® indicator
by Oh2bbbbb
2
[fareid] Quick Backtest Framework█ OVERVIEW This Framework allows Pine Coders to quickly code Study() based signal/strategy and validate its viability before proceed to code with more advance/complex customized rules for entry, exit, trailstop, risk management etc.. This is somewhat an upgraded version of my earlier personal template with different strategy used, cleaner code and additional features. █ USE CASES - You have an idea for trade signal and need a quick way to verify its potential before writing lengthy/complicated code - You found a study script for trading signal in public library and want to validate it profitability with minimum effort before including it in your trading playbook █ FEATURES - Alert: Ready to use alert function based on signals from your custom indicator. - Visual Backtest: Auto-plot entry, stop-loss and take profit for simple strategy performance analysis - Backtest Statistic: Provide basic key metrics based on backtest strategy - BTE External Signal Protocol: Ready to use code that will supply required state to PineCoders Backtesting & Trading Engine if you wish to have more advance and sophisticated backtesting engine Notes: All of the above features have On/Off toggle █ Description & How To Use This Framework consist of 5 Modules but you only need to edit the first 2 Modules: Module1: Indicator Module2: Framework Input Protocol Module3: Alert Module4: Backtest Module5: Backtest & Trading Engine Tips: The source-code includes collapsible block by module for easy navigating Module1: Indicator: ----------------------------------------------------------------------------------- Main Module. Place custom indicator input parameter/calculation/indicator plotting here Sample Strategy: Double MACD Crossover MACD Signal: 1st MACD Cross above signal line indicate Buy Signal 1st MACD Cross below signal line indicate Sell Signal MACD Filter: 2nd MACD is above 0 line indicate Uptrend 2nd MACD is below 0 line indicate Downtrend Module2: Framework Input Protocol: ----------------------------------------------------------------------------------- Use this module to connect main indicator/signal calculated in Module1 to the rest of the framework's module 4 variables needed to be defined here: 1. Uptrend 2. Dntrend 3. BuySignal 4. SellSignal i'm not sure how to place a code snippet here to show you example so in the source code i already put a comment in Module2 on which part u need to edit. I hope its pretty simple to use. Module3: Alert Module Description: ----------------------------------------------------------------------------------- As long as the variables in Module2 properly defined, the alert module is ready to use without any further modification. Input: Enable Alert --> Enable TV's alert and plot signal to chart Alert Type --> Set to take Buy only, Sell only or Both alert Module4: Backtest Module Description: ----------------------------------------------------------------------------------- As long as the variables in Module2 properly defined, the backtest module is ready to use without any further modification. Input: Backtest Stat --> Enable Backtest Statistic Label Backtest Visual --> Enable Backtest visual simulation Backtest Type --> Set to take Buy only or Sell only or both SL Type --> ATR : Set SL in ATR times Multiplier below entry price Fixed : Set SL in fixed point below entry point (in 'Dollar'). e.g. for Stocks -> 0.5 equals to 50cent while for EURUSD currency -> 0.005 equal to 50 pips HiLo Bar: Set SL at highest/lowest wick of previous bar plus/minus Fixed point. e.g. EURUSD HiLo=3 and Fixed Point = 0.0005, buy trade will place SL 5 Pips below lowest of previous 3 bar SL ATR Multi --> Set Lookback Period used for SL's ATR calculation SL ATR Multi --> Set ATR Multiplier for SL SL Fixed --> Set Fixed Level for SL SL Bar --> Set Number of previous bar to check for SL placement TP RR Ratio --> Set TP based on RR multiplier. e.g. 2 means TP level will be twice further from entry point compared to Entry-SL distance. Notes: The point is for preliminary testing, so it only supports 1 trade at a time and no Trailing Stop Module5: Backtest & Trading Engine Description: ----------------------------------------------------------------------------------- As long as the variables in Module2 properly defined, the Pinecoders BTE module is ready to use without any further modification. Input: External Signal Protocol --> Set ESP State to send to "Backtesting & Trading Engine " Signal With Filter --> Use this to send entry signal that already filtered by this study indicator (without stoploss level) Signal Without Filter --> Use this to send raw entry signal that are NOT YET FILTERED by this study indicator (without stoploss level) Signal and Stop With Filter --> Use this to send entry signal WITH StopLoss that already filtered by this study indicator (with stoploss level) Signal and Stop Without Filter --> Use this to send raw entry signal WITH StopLoss that are NOT YET FILTERED by this study indicator (with stoploss level) Notes: Backtesting & Trading Engine already have built-in Filter, Entries and Stop Level. e.g. Unselect all their filter state if only want to use custom filter and make sure send Signal with Filter (with or without SL level) █ DISCLAIMER: This framework main objective is to create my personal indicator template so that i just have to modify the indicator module for preliminary testing in future. The sample strategy included are for educational purpose only. Use at your own risk credit: LucF/PineCoders for a lot of his scripts that i use as a guide to complete this
Pine Script® indicator
by fareidzulkifli
24
PROFIT MAKER |Crypto|ETH|BTC|YFI - SignalThis is the version with alerts of this strategy: Description: This is a trend-following strategy that works very well for many Crypto assets in the usd or usdt pair It can be used for both futures and spot! Some of the assets in which this strategy is proven are Asset Exchange TF BINANCE:ADAUSDT Binance 45m BINANCE:BTCUSDT Binance 1h BINANCE:YFIUSDT Binance 30m BINANCE:DOTUSDT Binance 45m BINANCE:ETHUSDT Binance 30m BINANCE:LINKUSDT Binance 45m BINANCE:DOGEUSDT Binance 1h And many others.. What is this strategy based on? It is a combination of various parameters, including -RSI: The relative strength index ( RSI ) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. -MACD: Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. -ADX: ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. -DMI: DMI is a moving average of range expansion over a given period (the default is 14 days). The positive directional movement indicator ( +DMI ) measures how strongly price moves upward; the negative directional movement indicator ( -DMI ) measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears. Included: Different forms of Take profit, included: Take profit on squeeze candles Take profit based on Risk-Benefit (RR) Take profit a pre-determined %. Different forms of Stop Loss, including ATR-based stop loss Trail stop loss (with option to use a trigger) Stop loss a pre-determined %. For access you can send a message or consult in my social networks. Links in my tradingview signature (below). Examples: The default configuration works very well for most pairs. You just have to look for which time frame goes better with each one. Recommended to try with 30m, 45m and 1 hour.
Pine Script® indicator
by Che_Trader
4
Ichimoku Crypto LONG 3h ANY CRYPTO PairThis is a strategy which works with most of the crypto pairs on the 3H time frames. It beats easily on the long term buy and hold strategy. This strategy is made from the baseline from ichimoku together with ema 200 This is a long only strategy. THe condition is : our candle is above ema 200 and our ichimoku its telling we have a long trend. We exit on the opposite signal. If you have any questions private message me !
Pine Script® strategy
by SoftKill21
1
OBV Accumulation / Distribution Strategy CryptoThis version its made for 8-12h and works amazingly on the ETH pairs. Can be adapted to others as well For this example, I used an initial 1$ account, using always full capital on each trade(without using any leverage), together with a 0.1% commission/fees for each deal, on Coinbase broker. This is a long only strategy The components for the inside of the strategy are the next one : 1. OBV Accumulation/Distribution 3. EMA The rules here are simple : we check for cross up or above on OBV and EMAmoving average and after that we check for the trend direction based on ascending/descending OBV. Based on this we enter long or exit long. RISK WARNING Trading on any financial market involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you have any questions or you are interested in trying it, private message me and I will give you as soon as I see the message a trial for it.
Pine Script® strategy
by SoftKill21
1
OBV_RMA_CRYPTO Buy and Hold Destroyer free versionThis is a free version which use part of the logic that I am applying on my destroyer/annihilation series of strategies. This version its made for 8-12h and works amazingly on the ETH pairs. Can be adapted to others as well For this example, I used an initial 1$ account, using always full capital on each trade(without using any leverage), together with a 0.1% commission/fees for each deal, on Coinbase broker. For risk management, we have a hard stop loss on the equity of 25%. The components for the inside of the strategy are the next one : 1. OBV- SoftKill Version adapted to cryptos 2. ATR - SoftKill Version adapted to cryptos 3. RMA Rolling moving average The rules here are simple we check for the trend direction with ATR and then we check for cross up or above on OBV and RMA moving average. Based on this we enter long or short. RISK WARNING Trading on any financial market involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you have any questions or you are interested in trying it, private message me and I will give you as soon as I see the message a trial for it.
Pine Script® strategy
by SoftKill21
1
Heikin Ashi + Price Action Crypto LONG StrategyThis is a simple and efficient crypto strategy, designed for big timeframes like 12/24h. On history it beats buy and hold strategy in many ocasions, and because of a low DD, pyramid can be used to elevate our winnings while still keeping a low DD < 40% avg. For the purpose of this example, I used 100% of the capital on each trades, together with a comission of 0.1% Warning : THERE IS NO STOP LOSS ON THIS STRATEGY ,USE IT AT YOUR OWN RISK This strategy is made with inside Heikin Ashi candles , together with some price actions logics like for long Close > High and green candle and High > High . We exit when we have a red candle and the current close is lower than the previous Low If you have any questions, message me in private !
Pine Script® strategy
by SoftKill21
9
Heikin-Ashi Change Strategy/ Indicator Today I bring you a simple and efficient indicator/strategy based only on HA. Can be used together with other TA tools or alone. The idea behind is simple : We have to forms to calculate the candle, using inner HA candles or normal candles. Once we have that we apply certain rules to get the max high, min low, open and close(ohlc) With that then we check for changing in the patters like for example For long close is higher than open and the previos close is lower than open. For short is going to be the opposite of long condition. For the purpose of this example, I only use long direction and exit once we have the short signal. If you have any questions, please let me know in private chat !
Pine Script® strategy
by SoftKill21
Funding rateI thought for a long time about creating a paid complex indicator, but in the end I settled on a simple one :) Indicators are needed for two things - to simplify the chart in order to see the current trend more clearly, or add information that is difficult to analyze separately from the chart. This indicator is of just the second type - it is a guide indicator that visualizes the change in the predicted funding rate for a pair of BTCUSD on bitmex exchange. There is still a huge trading volume, so it reflects well the balance of sentiment between spot and derivatives traders. It is supposed to use on BTCUSD pair, but I noticed, that it works on every crypto pair, even on Alt1/Alt2 pairs. So, how to use this indicator? I am using it as a trigger. A trend change at extreme values ​​in this indicator is a good entry point. Which way? It's up to you, but personally, I only trade with the trend :) I provide access to this indicator only by subscription. PM me for more information.
Pine Script® indicator
by Tr0sT
15
Momentum Strategy (BTC/USDT; 30m) - STOCH RSI (with source code)Here's a strategy for low time frames (30min suggested) for BTC , based on momentum Analysis using Stochastic RSI By default the strategy will use the 50% of the specified capital for each trade; if "Gamble Sizing" is enabled, it will add the specified amount of capital (25% by default, until reaching the 100% limit or lower) for the next trade after having detected a loss in the previous trade; if the next trade is successful, the size for the next trade comes back to 50% • Trend Filter LONG: If the fast exponential moving average is UNDER the slow exponential moving average , it won't open LONG positions • Trend Filter SHORT: If the fast exponential moving average is ABOVE the slow exponential moving average , it won't open SHORT positions • Bars delay: the strategy will wait the specified amount of bars before closing the current position; the counter is triggered as soon as the closing trade condition is verified BY MAKING USE OF THIS STRATEGY, YOU ACKNOWLEDGE AND AGREE THAT: (1) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; (2) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF THIS STRATEGY AND TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; AND (3) I SHALL NOT BE LIABLE FOR ANY SUCH RISKS OR ADVERSE OUTCOMES. SOURCE CODE BELOW
Pine Script® strategy
by Drun30
20
Best Crypto DEMA Strategy Long onlyThis is a crypto strategy suited for big time frames like 3h+. THIS IS A LONG ONLY STRATEGY , SUITED TO BEAT BUY AND HOLD ! It's a very risky strategy because it has no stop loss at all, so be extremely careful with it. This strategy is made of 2 DEMA a fast and a slow one. We have two rules : entry it's when we have a crossunder between the slow DEMA and the fast DEMA. We exit when the opposite happens, in this case, when the slow is above fast. For this example I used an initial capital of 1000 eur, using 100% of it always, and a commission of 0.2% per each deal.
Pine Script® strategy
by SoftKill21
MACD Crossover with signalsMACD Crossover with signals - a simple trading indicator based on classic MACD. It shows crossovers and plots them on chart as "Long" or "Short". The MACD itself is not plotted in order to keep your charts cleaner. By default, all the crossovers are displayed on the chart. However, you can use only trend-based ones. They are filtered according to the trend (which is plotted and colored using 200 period EMA) and the "zero-line rule" of the MACD. So if you consider using only trend-based signals, the indicator will only show Long signals on an uptrend and Short signals on a downtrend. All signals/lines can be turned on/off and styled in the settings menu. It can be used with all major timeframes and assets (crypto, fx, cfd, stocks, commodities etc). Consider using it with respect to your trading style, money- and risk-management as well as other strategies and indicators. If it was useful for you – hit the Like button and share it with your friends - it's free 😉
Pine Script® indicator
by randomname11
3
GreenCrypto Swing Trade Indicator - GC02Overview: This is a swing trading Indictor works using support & resistance and market trend, it is designed for all type of markets (crypto, forex, stock etc.) and works on all commonly used timeframes (preferably on 1H, 4H Candles). How it works: Core logic behind this indicator is to finding the Support and Resistance, we find the Lower High (LH) and Higher Low (HL) to find the from where the price reversed(bounced back) and also we use a custom logic for figuring out the peak price in the last few candles (based on the input "Strength" ). Based on the multiple previous Support and Resistance (HH, HL, LL LH) we calculate a price level, this price level is used a major a factor for entering the trade. Once we have the price level we check if the current price crosses that price level, if it crossed then we consider that as a long/short entry (based on whether it crosses resistance or support line that we calculated). Once we have pre long/short signals we further filter it based on the market trend to prevent too early/late signals, this trend is calculated based on the value from the input field "Factor". Along with this if we don't see a clear trend we do the filtering by checking how many support or resistance level the price has bounced off. Stop Loss and Take Profit : We have also added printing SL and TP levels on the chart to make the it easier for everyone to find the SL/TP values. Script calculates the SL value by checking the previous support level for LONG trade and previous resistance level for SHORT trades. Take profit are calculated in 1:1 ratio as of now. Available Inputs: Strength : Define the strength of the support resistance that we calculate. The lower value means less number of candles used for calculating the support & resistance and vice versa Factor : Specify what level of trend to use. Using higher value will result script looking using the larger trend (zoomed out trend) and using lesser value will result in using the short trends Note: For most of the charts you don’t need to change the default values. However, feel free to try it out. How to use: Add the script to the chart and once the indicator is load it will display the "long" and "short" entry points along with the stopLoss and takeProfit points. How to get access: Send a DM to us for getting access to the script.
Pine Script® indicator
by GreenCryptoTrades
92
Non-Rescaled RSI█ OVERVIEW Relative Strength Index is a momentum oscillator developed by J. Wilder. The original version of RSI rescaled the relative strength measurement to range. While the rescaling is useful for readability, This non-rescaled version tells the exact average relative strength of the movement for the past period, and give another way to put the relative strength reading into context of current market condition. █ Description & How To Use 1. The (+/-) in relative strength value indicates the direction Example 1: Relative Strength of 2.33 means average gain is 2.33 bigger than average loss for the past period (Equivalent to RSI 70) Example 2: Relative Strength of -2.33 means average loss is 2.33 bigger than average gain for the past period (Equivalent to RSI 30) Example 3: Relative Strength of 0 means average gain is equal to average loss for the past period (Equivalent to RSI 50) Look at comparison below: 2. You can use it exactly how you would use RSI: Overbought/Oversold state, Divergence, Trend identification, Failure Swings etc.. █ Features - Overbought/Oversold line still maintainable as standard RSI level (70,30) in user input screen. The script will recalculate and plot the ob/os level accordingly - Value Label to indicate the RSI and RS value - Custom Gradient Color Scheme █ Limitation The Relative Strength absolute value is capped at 20 to avoid ratio value too big(or too small). This is enough to get accurate equivalent of RSI reading between 5-95 █ Disclaimer Past performance is not an indicator of future results. My opinions and research are my own and do not constitute financial advice in any way whatsoever. Nothing published by me constitutes an investment/trading recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities. I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Pine Script® indicator
by fareidzulkifli
4
Maximized Moving Average Crossing (by Coinrule)Using the crossings of two Moving Averages to trade in a trading strategy is a Trend-Following approach. As the name would suggest, to be successful, it requires the asset to be on-trend. The general limit of a common strategy based on Moving Averages is that they underperform when the market is less volatile or trading sideways. When volatility compresses, the indicators get very close one to another, crossing each other very often. That's exactly the condition when trend-following strategies underperform. To improve this strategy, it's useful to filter the buy signal using the RSI. When the RSI is close to overbought conditions, that means that the coin is likely trading in an uptrend. Strong uptrends usually come with RSI values that stay overbought for long periods, creating interesting opportunities. Setup Buy condition: the MA9 crosses above the MA50, and at the same time, the RSI has a value greater than 55. Sell condition: the MA9 crosses below the MA50. The strategy is optimized to provide better results on the 1-hr time frame, but it could work well also on higher time frames, such as the 4-hrs. The strategy assumes each order to trade 30% of the available capital and opens a trade at a time. A trading fee of 0.1% is taken into account.
Pine Script® strategy
by Coinrule
Momentum Strategy for cryptos (V7.B.4)Here's a strategy for low time frames (30min suggested) for BTC, based on momentum Analysis using Stochastic RSI By default the strategy will use the 50% of the specified capital for each trade; if "Gamble Sizing" is enabled, it will add the specified amount of capital (25% by default, until reaching the 100% limit or lower) for the next trade after having detected a loss in the previous trade; if the next trade is successful, the size for the next trade comes back to 50% • Trend Filter LONG: If the fast exponential moving average is UNDER the slow exponential moving average, it won't open LONG positions • Trend Filter SHORT: If the fast exponential moving average is ABOVE the slow exponential moving average, it won't open SHORT positions • Bars delay: the strategy will wait the specified amount of bars before closing the current position; the counter is triggered as soon as the closing trade condition is verified BY MAKING USE OF THIS STRATEGY, YOU ACKNOWLEDGE AND AGREE THAT: (1) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; (2) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF THIS STRATEGY AND TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; AND (3) I SHALL NOT BE LIABLE FOR ANY SUCH RISKS OR ADVERSE OUTCOMES.
Pine Script® strategy
by Drun30
alGROWithm PremiumIntroducing the alGROWithm indicator! Years of trading experience and endless hours of screen time has undeniably proven to me that the most fundamental rule of any market is: price moves from supply to supply and demand to demand. Specifically, this means that a breakout of a supply zone , the probability of it reaching the next supply zone before starting consolidate is very high. Similarly, a breakdown from previous demand zone will likely continue to the next demand zone . The identification method of these supply and demand channels is one of the features that sets this indicator apart from other available tools. What separates alGROWithm from other available tools? - Proprietary method for identifying supply & demand channels combined with a directional bias computation based on recent historical prices - Only signaling precise entries based on supply & demand that maximize R/R - Tracking open positions and displaying a trading plan directly on the chart immediately after signaling entry points - Indicating precise exit levels to help you avoid exiting too early or trading by emotion What are the features included in alGROWithm? Trading Plan Lines : These are the Buy/Short/Take Profit/Exit lines plotted directly on the chart Show Long Signals : These are the green "BUY" labels that appear on the chart when alGROWithm identifies a critical breakout to the next supply level Show Short Signals : These are the red "SHORT" labels that appear on the chart when alGROWithm identifies a critical breakdown to the next demand level Show Take Profit Signals : These are the purple "TP" labels that appear on the chart when alGROWithm identifies that the subsequent supply/ demand level has been hit Show Exit/Stop Loss Signals : These are the purple "EXIT" labels that appear on the chart when alGROWithm identifies that the trade has run its course and it's time to exit Show Dashboard : This is a dashboard that is displayed to the right of the latest candle, and contains the following information: - Current Position : "Long", "Short", or "None" - Next Profit Target : Only displays if there is an active Position - Current Bias : alGROWithm computes a directional bias based on recent historical prices. Text will say "Long" or "Short" - Long/Short Bias Until : alGROWithm's bias will change if this price is hit. Note that these are not BUY or SELL levels - this simply indicates whether things are looking up or down - Enter Short/Long At : Only displays if Current Position = "None" Note that you can enable/disable any of these chart overlays at anytime through the indicator settings. The alGROWithm indicator works on any timeframe, any market, and standard OR Heikin Ashi candlesticks . I have been working very hard on this indicator and I personally use it on a daily basis with options trading. I am so excited to share the wealth with you! You can use the link below to visit our website and gain access to the script.
Pine Script® indicator
by algrowithm
6
MrBS:Directional Movement Index [Trend Friend]I started this project with the goal of making a DMI/ADX that was easy to read at a glance. Its since become a little more then just colouring the slopes. The majority of the time, the best returns come from trending markets (THE TREND IS YOUR FRIEND... until the end) and I hope this helps people become good friends with the trends. ----- Features - A function to change the values used for calculation from real OHLC and Heikin Ashi. This allows us to look at different chart types but see the specific ADX we choose. Originally HA values were used for calculation since it is easier to see trend on HA charts. However when testing it was not as effective as the ADX calculated from the real values on normal charts. So the default function was flipped and real OHLC values are used as default. - Two ADX plots so we can see two different smoothness's. With a smoothing of 2, a slight slow down in PA can cause a negative slope but the smoother ADX will stay trending unless its a major change. 2nd ADX is slightly transparent. - There is an EMA of the main ADX that can be used as a exit signal filter. If the ADX starts going down but has not crossed the EMA we would stay in a trade. - Plots (excluding EMA) are coloured based on positive or negative slopes. - Fibonacci numbers have been used to create different trend levels, instead of the standard 25, 50, 100. - Alerts for every useful situation to help save time and not have to manually enter levels or crosses each time. - In the code there are 8 EMAs and 3 ADXs but it was too much so they have been slashed out, but are fully functional if you choose to activate and use them. To reactivate the 3rd ADX delete slashes on lines 50, 65, 78, 92-95, 165. The slashed out EMAs are much more obvious and easy to reactivate. Colours: ADX going up = Green ADX going down = Red DMI+ going up = Bright Aqua DMI+ going down = Turquoise / Dark Aqua DMI- going up = Bright Purple DMI- going down = Dark Purple EMA = White (50% transparent) If there is anything that would be useful, let me know and I will add it in. I've already got some improvements/changes planned and some of my notes can be found in the code. There is also a strategy to go with this indicator that will be uploaded very soon.
Pine Script® indicator
by MrBetonBlocks
3
Screener - Mean Reversion Channel█ OVERVIEW This is Screener script for Mean Reversion Channel Indicator █ Description & How To Use The screener works by scanning through up to 40 symbols and list down symbols that are currently within Overbought/Oversold Zone as defined by Mean Reversion Channel indicator. The Overbought/Oversold Zone are further categorized and sorted by: Strong : Indicated by "(Strong)" next to the symbol name Normal : Indicated by the absence of "(Strong)" or "(Weak)" next to the symbol name Weak : Indicated by "(Weak)" next to the symbol name Notes: Refer to chart above to see how the Zone are categorized. Notes: If the screener displays "Nothing Interesting". It simply means none of the screened assets are within the Overbought/Oversold Zone. █ Features - Scan up to 40 symbols at a time (By default, no asset is define. Once configured all the symbols you required, remember to save as default to save you from pain of configuring it again in the future) - Options to scan by zones - Custom Timeframe █ Limitation Due to multiple use of security() function required to call other symbols, expect the screener to be slow at certain times █ Disclaimer Past performance is not an indicator of future results. My opinions and research are my own and do not constitute financial advice in any way whatsoever. Nothing published by me constitutes an investment recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities. I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions. Any ideas to further improve this indicator are welcome :) Credit: QuantNomad for his script idea on custom screener
Pine Script® indicator
by fareidzulkifli
62