IBOX For the indicator to appear correctly on the DE40's 5-minute char t, set it to overlay mode.
Variables: Variables are declared to store the high and low points of the first trading hour.
Draw box:
The box representing the range of the first trading hour is drawn in gray.
First trading hour range:
The code checks if it is the first trading hour (9-10 am). If so, the high and low points are stored.
Fibonacci calculation: Based on the range of the first trading hour, the Fibonacci levels 1,61, 2, 2,61, 4,61 above and below the box are calculated.
Pine utilities
Litecoin LTC Logarithmic Fibonacci Growth CurvesHOW THIS SCRIPT IS ORIGINAL: there is no similar script dedicated to LTC, although there are similar ones dedicated to BTC. (This was created by modifying an old public and open source similar script dedicated to BTC.)
WHAT THIS SCRIPT DOES: draws a channel containing the price of LTC within which the Fibonacci extensions are highlighted. The reference chart to use is LTC/USD on Bitfinex (because it has the oldest data, given that Tradingview has not yet created an LTC index), suggested with weekly or monthly timeframe.
HOW IT DOES IT: starting from two basic curves that average the upper and lower peaks of the price, the relative Fibonacci extensions are then built on the basis of these: 0.9098, 0.8541, 0.7639, 0.618, 0.5, 0.382, 0.2361, 0.1459, 0.0902.
HOW TO USE IT: after activating the script you will notice the presence of two areas of particular interest, the upper area, delimited in red, which follows the upper peaks of the price, and the lower area, delimited in green, which follows the lower peaks of the price. Furthermore, the main curves, namely the two extremes and the median, are also projected into the future to predict an indicative trend. This script is therefore useful for understanding where the price will go in the future and can be useful for understanding when to buy (near the green lines) or when to sell (near the red lines). It is also possible to configure the script by choosing the colors and types of lines, as well as the main parameters to define the upper and lower curve, from which the script deduces all the other lines that are in the middle.
Very easy to read and interpret. I hope this description is sufficient, but it is certainly easier to use it than to describe it.
DCA (ASAP) V0 PTTScript Name: DCA (ASAP) V0 PTT
Detailed Description:
This script implements the Dollar-Cost Averaging (DCA) strategy, allowing you to automatically manage buy/sell orders safely and efficiently. Below are the key features of this script:
1. Purpose and Operation:
o Supports both Long and Short trading modes.
o Designed to optimize profitability using the DCA method, where Safety Orders are triggered when the price moves against the predicted direction.
o Helps users maintain their Target Profit in various market conditions.
2. Main Features:
o Automatic Order Placement: The initial Base Order is opened as soon as no active order exists.
o Safety Order Management: Safety Orders are automatically placed when the price moves against the initial order. The volume and distance of these orders are customizable.
o Order Closing: Orders are closed upon reaching the Target Profit, accounting for transaction fees.
o Detailed Information Display: Displays open orders, trading statistics, and performance metrics directly on the chart.
3. Customizable Parameters:
o Base Order Size: The size of the initial order.
o Target Profit (%): Target profit as a percentage of the total order volume.
o Safety Order Size: The size of each Safety Order.
o Price Deviation (%): The percentage distance between consecutive Safety Orders.
o Safety Order Volume Scale: The scaling factor for increasing the volume of subsequent Safety Orders.
o Max Safety Orders: The maximum number of Safety Orders allowed per deal.
4. Unique Features:
o Backtest Range Support: Enables you to limit backtesting to a specific time range of interest.
o Comprehensive Statistics: Displays detailed tables including open trades, pending orders, ROI, trading days, and realized profit.
o Integrated Trading Fees: Includes transaction fees in profit calculations for precise results.
5. Usage Instructions:
o Select the trading mode (Long or Short) from the "Strategy" input.
o Customize parameters such as Base Order, Safety Order, and Target Profit according to your requirements and the asset being traded.
o Monitor the performance of the strategy through the displayed information tables.
Notes:
• This script does not disclose detailed calculation logic but provides an overview of the concepts and usage.
• Designed for trading on exchanges that support margin or spot trading.
CAD CHF JPY (Index) vs USDDescription:
Analyze the combined performance of CAD, CHF, and JPY against the USD with this customized Forex currency index. This tool enables traders to gain a broader perspective of how these three currencies behave relative to the US Dollar by aggregating their movements into a single index. It’s a versatile tool designed for traders seeking actionable insights and trend identification.
Core Features:
Flexible Display Options:
Choose between Line Mode for a simplified view of the index trend or Candlestick Mode for detailed analysis of price action.
Custom Weight Adjustments:
Fine-tune the weight of each currency pair (USD/CAD, USD/CHF, USD/JPY) to better reflect your trading priorities or market expectations.
Moving Average Integration:
Add a moving average to smooth the data and identify trends more effectively. Choose your preferred type: SMA, EMA, WMA, or VWMA, and configure the number of periods to suit your strategy.
Streamlined Calculation:
The index aggregates data from USD/CAD, USD/CHF, and USD/JPY using a weighted average of their OHLC (Open, High, Low, Close) values, ensuring accuracy and adaptability to different market conditions.
Practical Applications:
Trend Identification:
Use the Line Mode with a moving average to confirm whether CAD, CHF, and JPY collectively show strength or weakness against the USD. A rising trendline signals currency strength, while a declining line suggests USD dominance.
Weight-Based Analysis:
If CAD is expected to lead, adjust its weight higher relative to CHF and JPY to emphasize its influence in the index. This customization makes the indicator adaptable to your market outlook.
Actionable Insights:
Identify key reversal points or breakout opportunities by analyzing the interaction of the index with its moving average. Combined with other technical tools, this indicator becomes a robust addition to any trader’s toolkit.
Additional Notes:
This indicator is a valuable resource for comparing the collective behavior of CAD, CHF, and JPY against the USD. Pair it with additional oscillators or divergence tools for a comprehensive market overview.
Perfect for both intraday analysis and swing trading strategies. Combine it with EUR GPB AUD (Index) indicator.
Good Profits!
MERRY CHRISTMAS HAPPY 2025 Year [TradingFinder]🎅🎄✨ Merry Christmas and Happy New Year 2025! 🎉✨
As we bid farewell to 2024 and welcome the fresh opportunities of 2025, we want to send our warmest wishes to all the amazing TradingView users, Pine Script developers, and loyal followers of TradingFinder.
Your enthusiasm and support have made this community stronger and more inspiring every day. May this holiday season bring you happiness, success, and prosperity both in life and in trading.
We also wish for all of you to make great profits and achieve your financial goals in the new year. Let's make 2025 a year filled with innovation, growth, and great achievements together.
Thank you for being part of this journey! 🎅🌟📈
Repeating Vertical LinesThe "Repeating Vertical Lines" indicator visualizes recurring points in time on the chart by drawing background highlights based on user-defined conditions, including specific weekdays, times, or their combination. Users can customize the color and transparency of the lines for seamless chart integration.
[Helper] Trade Journal TableThis indicator serves as a starting point for creating a customized trade journal that meets individual requirements. It provides a basic structure for visualizing trade data in table form which can be adapt to specific needs. The trade data must be maintained directly within the script using the Pine Editor.
Basic Structure:
The example table consists of six columns: Date, Entry Price, Exit Price, Profit/Loss (color-coded), Strategy, and Notes. It is displayed centrally on the chart and dynamically adjusts to the number of recorded trades.
Example Data:
To demonstrate its functionality, the indicator includes predefined example trades, which should be replaced with actual trading data. Additional information, such as strategies and notes, can be added to improve trade documentation.
Price Level Break & Candle Pattern DetectorPrice Level Break & Candle Pattern Detector
A powerful and customizable indicator that combines price level breakout detection with candlestick pattern analysis to generate precise trading signals.
Key Features
Monitors user-defined price levels for breakouts
Identifies bullish and bearish candle patterns
Generates real-time alerts when both conditions are met
Customizable alert settings for improved trade management
How It Works
The indicator continuously monitors price action around specified price levels. When price breaks through these levels AND forms either a bullish or bearish candle pattern (based on your settings), it triggers an alert. This dual-confirmation approach helps reduce false signals and provides more reliable trading opportunities.
Use Cases
Support/Resistance breakout trading
Key price level monitoring
Trend reversal identification
Breakout confirmation
Risk management tool
Benefits
Reduces false breakout signals through pattern confirmation
Saves time by automating price level monitoring
Helps identify higher-probability trading setups
Customizable to fit various trading strategies
Perfect for both day trading and swing trading
Alert Types
Price level break alerts
Candlestick pattern formation alerts
Combined confirmation alerts
Suggested Settings
Set price levels at major support/resistance zones
Adjust candle pattern sensitivity based on timeframe
Use with multiple timeframes for confirmation
Combine with volume analysis for better accuracy
Lost Bar Locator v1 [Yaphott]Lost Bar Locator v1 helps you locate missing data on your chart.
It does this by looking for consecutive bars that have a delta time greater than the current interval.
Two lines are drawn for each group of one or more missing bars:
Bar before the missing bar(s).
Bar after the missing bar(s).
Chart InfoOVERVIEW
What would a general summary of the symbol on the chart look like? Here’s an example: This script was created to help you easily access the essential details of a symbol, which I believe are critical for daily use.
CONCEPTS
When using any indicator or analysing price movement, the characteristics of the chart become important. Each symbol has a unique character and the more we can quickly find out about it, the better. Instead of embedding those details within each individual indicator, it is often more practical to access these data through an external tool. This indicator presents the following results related to the symbol on your chart in a table format:
ID : Ticker ID (Exchange, Base Currency, and Quote Currency)
TIMEFRAME : The chart's time period
START : The starting date of the chart
FINISH : The finishing date of the chart
INTERVAL : The total time between the start and finish dates (based on timeframe). The current bar is not included in the total time until it is closed.
BAR INDEX : The total number of bars on the chart (can also be viewed in both forward and backward directions in the data window as a series type).
VOLATILITY : Percentage ratio of 14-bar ATR to close.
CHANGE : The daily percentage change.
HODL : The percentage return that would be gained if the symbol had been bought and held since the first bar.
DAILY BUY : The percentage return that would be gained if the same amount of buying was made daily (a kind of DCA).
MECHANICS
This is a very simple script. I didn't add user-defined timestamp inputs because I didn’t want to overwhelm the indicator with parameters. However, if requested, i can make improvements in this direction in a second version.
NOTES
I live in Istanbul, so I designed the default timezone offset as GMT+3. Please remember to adjust it according to your own timezone to ensure the date results are accurate.
I hope it helps everyone. Do not forget to manage your risk. And trade as safely as possible. Best of luck!
[Helper] Color Table for Manual SelectionThis indicator displays the colors of the color picker from the indicator configuration menu on a large scale. It also shows the RGB values in decimal and as a hexadecimal code for each color. This color table provides a better overview of different colors compared to the color picker built into the Pine Editor, making it a useful alternative. Since cell contents cannot yet be selected with the mouse, the desired color code must be manually transferred to the Pine code.
TTZConcept GOLD XAUUSD Lot CalculatorThe Gold Lot Size Calculator for XAU/USD on TradingView is a powerful and user-friendly tool designed by TTZ Concept to help traders calculate the optimal lot size for their Gold trades based on their account size, risk tolerance, and the price movement of Gold (XAU/USD). Whether you're a beginner or an experienced trader, this tool simplifies position sizing, ensuring that your trades align with your risk management strategy.
Key Features:
Accurate Lot Size Calculation: Calculates the optimal lot size for XAU/USD trades based on your specified account balance and the percentage of risk per trade.
Flexible Risk Management**: Input your desired risk percentage (e.g., 1%, 2%) to ensure that you are not risking more than you're comfortable with on any single trade.
Customizable Inputs: Enter your account balance, risk percentage, stop loss (in pips), and leverage to get an accurate lot size recommendation.
Real-Time Data The tool uses real-time Gold price data to calculate the position size, ensuring that your risk management is always up to date with market conditions.
-Simple Interface: With easy-to-use sliders and input fields, you can quickly adjust your parameters and get the required lot size in seconds.
No Complicated Calculations Automatically factors in the pip value and contract specifications for XAU/USD, eliminating the need for manual calculations.
How It Works:
1. Input your trading account balance: The tool calculates based on your total equity.
2. Set your risk percentage: Choose how much of your account you want to risk on a single trade.
3. Define your stop loss in pips: Specify the distance of your stop loss from the entry point.
4. Get your recommended lot size: Based on your inputs, the tool will calculate the ideal lot size for your trade.
Why Use This Tool?
Precise Risk Management: Take control of your trading risk by ensuring that each trade is positioned according to your risk tolerance.
Save Time: No need for manual calculations — let the calculator handle the complex math and focus on your strategy.
Adapt to Changing Market Conditions: As the price of Gold (XAU/USD) fluctuates, your lot size adapts to ensure consistent risk management across different market conditions.
Perfect for:
- Gold traders (XAU/USD)
- Beginners seeking to understand position sizing and risk management
- Experienced traders looking to streamline their trading process
- Anyone who trades Gold futures, CFDs, or spot Gold in their trading account
Session Bar/Candle ColoringChange the color of candles within a user-defined trading session. Borders and wicks can be changed as well, not just the body color.
PREFACE
This script can be used an educational resource for those who are interested in learning Pine Script. Therefore, the script is published open source and is organized in a manner that follows the recommended Style Guide .
While the main premise of the indicator is rather simple, the script showcases various things that can be achieved such as conditional plotting, alignment of indicator settings, user input validation, script optimization, and more. The script also has examples of taking into consideration the chart timeframe and/or different chart types (Heikin Ashi, Renko, etc.) that a user might be running it on. Note: for complete beginners, I strongly suggest going through the Pine Script User Manual (possibly more than once).
FEATURES
Besides being able to select a specific time window, the indicator also provides additional color settings for changing the background color or changing the colors of neutral/indecisive candles, as shown in the image below.
This allows for a higher level of customization beyond the TradingView chart settings or other similar scripts that are currently available.
HOW TO USE
First, define the intraday trading session that will contain the candles to modify. The session can be limited to specific days of the week.
Next, select the parts of the candles that should be modified: Body, Borders, Wick, and/or Background.
For each of the candle parts that were enabled, you can select the colors that will be used depending on whether a candle is bullish (⇧), bearish (⇩), or neutral (⇆).
All other indicator settings will have a detailed tooltip to describe its usage and/or effect.
LIMITATIONS
The indicator is not intended to function on Daily or higher timeframes due to the intraday nature of session time windows.
The indicator cannot always automatically detect the chart type being used, therefore the user is requested to manually input the chart type via the " Chart Style " setting.
Depending on the available historical data and the selected choice for the " Portion of bar in session " setting, the indicator may not be able to update very old candles on the chart.
EXAMPLE USAGE
This section will show examples of different scenarios that the indicator can be used for.
Emphasizing a main trading session.
Defining a "Pre/post market hours background" like is available for some symbols (e.g., NASDAQ:AAPL ).
Highlighting in which bar the midnight candle occurs.
Hiding indecision bars (neutral candles).
Showing only "Regular Trading Hours" for a chart that does not have the option to toggle ETH/RTH. To achieve this, the actual chart data is hidden, and only the indicator is visible; alternatively, a 2nd instance of the indicator could change colors to match the chart background.
Using a combination of Bars and Japanese Candlesticks. Alternatively, this could be done by hiding the main chart data and using 2 instances of the indicator (one with " Chart Style " setting as Bars , and the other set to Candles ).
Using a combination of thin and thick bars on Range charts. Note: requires disabling the "Thin Bars" setting for Bar charts in the TradingView chart settings.
NOTES
If using more than one instance of this indicator on the same chart, you can use the TradingView "Save Indicator Template" feature to avoid having to re-configure the multiple indicators at a later time.
This indicator is intended to work "out-of-the-box" thanks to the behind_chart option introduced to Pine Script in October 2024. But you can always manually bring the indicator to the front just in case the color changes are not being seen (using the "More" option in the indicator status line: More > Visual Order > Bring to front ).
Many thanks to fikira for their help and inspiring me to create open source scripts.
Any feedback including bug reports or suggestions for improving the indicator (or source code itself) are always welcome in the comments section.
6 Band Parametric EQThis indicator implements a complete parametric equalizer on any data source using high-pass and low-pass filters, high and low shelving filters, and six fully configurable bell filters. Each filter stage features standard audio DSP controls including frequency, Q factor, and gain where applicable. While parametric EQ is typically used for audio processing, this implementation raises questions about the nature of filtering in technical analysis. Why stop at simple moving averages when you can shape your signal's frequency response with surgical precision? The answer may reveal more about our assumptions than our indicators.
Filter Types and Parameters
High-Pass Filter:
A high-pass filter attenuates frequency components below its cutoff frequency while passing higher frequencies. The Q parameter controls resonance at the cutoff point, with higher values creating more pronounced peaks.
Low-Pass Filter:
The low-pass filter does the opposite - it attenuates frequencies above the cutoff while passing lower frequencies. Like the high-pass, its Q parameter affects the resonance at the cutoff frequency.
High/Low Shelf Filters:
Shelf filters boost or cut all frequencies above (high shelf) or below (low shelf) the target frequency. The slope parameter determines the steepness of the transition around the target frequency , with a value of 1.0 creating a gentle slope and lower values making the transition more abrupt. The gain parameter sets the amount of boost or cut in decibels.
Bell Filters:
Bell (or peaking) filters create a boost or cut centered around a specific frequency. A bell filter's frequency parameter determines the center point of the effect, while Q controls the width of the affected frequency range - higher Q values create a narrower bandwidth. The gain parameter defines the amount of boost or cut in decibels.
All filters run in series, processing the signal in this order: high-pass → low shelf → bell filters → high shelf → low-pass. Each stage can be independently enabled or bypassed.
The frequency parameter for all filters represents the period length of the targeted frequency component. Lower values target higher frequencies and vice versa. All gain values are in decibels, where positive values boost and negative values cut.
The 6-Band Parametric EQ combines these filters into a comprehensive frequency shaping tool. Just as audio engineers use parametric EQs to sculpt sound, this indicator lets you shape market data's frequency components with surgical precision. But beyond its technical implementation, this indicator serves as a thought experiment about the nature of filtering in technical analysis. While traditional indicators often rely on simple moving averages or single-frequency filters, the parametric EQ takes this concept to its logical extreme - offering complete control over the frequency domain of price action. Whether this level of filtering precision is useful for analysis is perhaps less important than what it reveals about our assumptions regarding market data and its frequency components.
Fibonacci Retracement MTF/LOGIn Pine Script, there’s always a shorter way to achieve a result. As far as I can see, there isn’t an indicator among the community scripts that can produce Fibonacci Retracement levels (linear and logarithmic) as multiple time frame results based on a reference 🍺 This script, which I developed a long time ago, might serve as a starting point to fill this gap.
OVERVIEW
This indicator is a short and simple script designed to display Fibonacci Retracement levels on the chart according to user preferences, aiming to build the structure of support and resistance.
ORIGINALITY
This script:
Can calculate 'retracement' results from higher time frames.
Can recall previous time frame results using its reference parameter.
Performs calculations based on both linear and logarithmic scales.
Offers optional multipliers and appearance settings to simplify users’ tasks
CONCEPTS
Fibonacci Retracement is a technical analysis tool used to predict potential reversal points in an asset's price after a significant movement. This indicator identifies possible support and resistance levels by measuring price movements between specific points in a trend, using certain ratios derived from the Fibonacci sequence. It is based on impulsive price actions.
MECHANICS
This indicator first identifies the highest and lowest prices in the time frame specified by the user. Next, it determines the priority order of the bars where these prices occurred. Finally, it defines the trend direction. Once the trend direction is determined, the "Retracement" levels are constructed.
FUNCTIONS
The script contains two functions:
f_ret(): Generates levels based on the multiplier parameter.
f_print(): Handles the visualization by drawing the levels on the chart and positioning the labels in alignment with the levels. It utilizes parameters such as ordinate, confirmation, multiplier, and color for customization
NOTES
The starting bar for the time frame entered by the user must exist on the chart. Otherwise, the trend direction cannot be determined correctly, and the levels may be drawn inaccurately. This is also mentioned in the tooltip of the TimeFrame parameter.
I hope it helps everyone. Do not forget to manage your risk. And trade as safely as possible. Best of luck!
Outside Bar Strategy % (Alessio)Outside Bar Strategy %
This strategy is based on identifying Outside Bars, which occur when the current bar's high is higher than the previous bar's high and its low is lower than the previous bar's low. The strategy enters trades in the direction of the Outside Bar, offering a powerful way to capture price moves following a strong price expansion.
Key Features:
Long and Short Entries: The strategy enters a Long trade when the Outside Bar closes bullish (current close > open), and a Short trade when the Outside Bar closes bearish (current close < open).
Customizable Entry Levels: The entry point is calculated based on a customizable percentage of the Outside Bar's range, allowing flexibility for traders to fine-tune their entries at 50% or 70% of the bar's range.
Stop Loss (SL) and Take Profit (TP):
Stop Loss (SL) is automatically placed at the Outside Bar's low for Long trades and at its high for Short trades.
Take Profit (TP) is calculated as a percentage of the Outside Bar's range, with customizable settings for take-profit levels.
Visual Indicators:
Entry, Stop Loss, and Take Profit levels are plotted as lines on the chart, with customizable colors and widths for easy identification.
Labels are placed on the chart to indicate whether the trade is Long or Short, positioned above or below the Outside Bar's candlestick.
Alerts: Users can enable alerts to receive notifications when a trade is triggered, including details such as entry points and stop loss levels.
Strategy Parameters:
Entry Percentage: Set the entry level as a percentage of the Outside Bar's range (e.g., 50%, 70%).
Take Profit Percentage: Customize the Take Profit level as a percentage of the Outside Bar's range.
Customizable Colors and Line Widths: Adjust the colors and thickness of the entry, stop loss, and take profit lines to fit your preferences.
Alerts: Enable alerts to be notified when a trade is executed or when the entry level is reached.
This strategy is ideal for traders who want to capitalize on significant price moves after a breakout, with clear risk management through Stop Loss and Take Profit levels. The customizable features make it suitable for various market conditions and trading styles.
TDGS Dynamic Grid Trading Strategy [CoinFxPro]Advanced Dynamic Grid Trading Strategy
Logic and Working Principle:
This strategy uses a dynamic grid system to support both long and short trades. Grid trading aims to capitalize on price fluctuations within a predefined range by executing buy and sell orders systematically. The system calculates grid levels based on a base price and dynamically trades within these levels.
Grid Levels:
Grid levels are calculated based on the initial price and the user-defined grid spacing percentage.
Long Mode: Buys when the price decreases and sells when the price increases.
Short Mode: Sells when the price increases and buys when the price decreases.
Grid Updates:
Grid levels are recalculated based on the market price when the price moves by a user-defined update percentage.
For example;
In Long mode, when the price shows an upward trend, that is, when it rises by the Grid Update Percentage specified by the user, Grid levels are recreated and trades are made according to the new grid levels. While the price and grid levels are updated according to the new price, the Stop level is also updated upwards and the stop is followed with the TrailingStop logic.
In short mode, the same system operates with reverse logic. In other words, as prices decrease downwards, the grids are updated downwards when the Grid update percentage determined by the user decreases. The stop level is also updated accordingly.
The difference of the strategy from other Gridbots is that the grid levels are automatically updated and the levels are recreated with the price percentage difference determined by the user. Old levels can be tracked on the chart.
As the price updates, the self-updating grid levels are updated upwards in long mode and downwards in short mode.
The number of buying lots and selling lots are separated, allowing both trading within the position and the opportunity to collect lots and increase the position.
When trading with the grid trading logic, when buying and selling between grids, there is no repeated purchase at the same level unless there is a sale at the upper grid level. In this way, each level will be traded within itself.
For example, in a long condition, when the price is going up, after deducting the selling lot from the buying lot at each level, the remaining lots will be collected while the price is going up and an opportunity will be provided from the price rise.
Different preferences have been added to the profit taking conditions, allowing the robot to continue or stop after profit taking, if desired.
The system, which acts entirely according to user parameters, constantly updates itself as long as it moves in the direction determined by itself, and in these conditions, transactions are carried out according to profit or stop conditions.
Parameters:
Grid Parameters:
Settings such as buy lot size, sell lot size, grid count, and grid spacing percentage allow flexibility and customization.
Risk Management:
Stop loss (%) and take profit (%) levels help limit potential losses and secure profits at predefined thresholds.
Objective:
The goal of this strategy is to systematically capitalize on market price fluctuations through automated grid trading. This method is particularly effective in volatile markets where the price oscillates within a specific range.
The strategy works with a complete algorithm logic, and in appropriate instruments (especially instruments with depth and transaction volume should be preferred), buying and selling transactions are made according to the parameters determined at the beginning, and if the conditions go beyond the conditions, the stop is made, and when the profit taking conditions are met, it takes profit and prices according to the determined value. When it is updated, the values are updated again and the parameter works algorithmically.
Risk Management Recommendations:
Initial Capital: Grid trading involves frequent transactions, so sufficient initial capital is essential.
Stop Loss: Always set stop loss levels to prevent significant losses.
Grid Count and Spacing: A higher number of grids provides more trading opportunities but using grids that are too close may increase transaction costs due to small price movements.
First of all, it is important for risk management that you choose instruments that have depth and high transaction volume.
Strategy results may differ as a result of the parameters entered. Therefore, before trading in your real account, it is recommended that you start real transactions after backtesting with different parameters.
If you are stuck on something, you can mention it in the comments.
Solid Background for Current CandleWhat Does This Script Do?
Background Reflects Current Candle:
The entire chart background changes to green if the current candle is bullish (close > open).
It changes to red if the current candle is bearish (close < open).
Solid Background Without Per-Candle Behavior:
The background doesn't depend on individual candle colors. It applies one unified color for the entire chart based on the current candle's direction.
Uses a Box to Cover the Chart:
Instead of using bgcolor (which applies per candle), this script creates a large invisible rectangle (box) that spans the entire chart area.
The box dynamically updates its color with each new candle.
Swing Points AlertSwing Points Alert with Adjustable Delay
Description:
This script is designed to detect and alert traders about significant swing highs and lows on the chart. The script is equipped with customizable pivot detection settings and an innovative **Alert Delay** mechanism, allowing users to fine-tune their notifications to reduce noise and focus on key price movements.
Key Features:
1. **Swing High/Low Detection:**
- Identifies swing highs and lows based on user-defined pivot length.
- Visualizes these points with customizable labels for clarity.
2. **Customizable Alerts:**
- Enables real-time alerts for swing highs and lows.
- Users can adjust the delay for alerts to avoid false signals during volatile periods.
3. **Dynamic Label Management:**
- Automatically manages the number of displayed swing point labels.
- Removes crossed or outdated labels based on user preferences.
4. **Flexible Label Styling:**
- Provides multiple label styles (e.g., triangles, circles, arrows) and color customization for both swing highs and lows.
How the Alert Delay Works:
The **Alert Delay** helps filter signals by introducing a delay before triggering alerts. The delay is calculated as follows:
**Alert Delay (%) x Time Frame = Alert Delay in Time Frame Units**
For example:
- If the **Alert Delay** is set to 30% and the timeframe is **15 minutes**, the alert will be triggered after a delay of:
\
This ensures the alert is triggered only if the swing high/low condition remains valid for at least 4.5 minutes.
Important Notes:
1. **Timeframe Sensitivity:**
- This script is optimized for use across various timeframes, but users must adjust the **Alert Delay** percentage to match their trading style and timeframe.
- For example, higher timeframes may require lower delay percentages for timely alerts.
2. **Customization Options:**
- Easily customize pivot detection length, alert delay, label styles, and colors to suit your preferences.
3. **Support:**
- If you encounter any challenges or need help optimizing the script for your specific trading scenario, feel free to reach out for assistance.
Working HoursWorking Hours Visualization
Description:
This script is designed to visually highlight specific "Working Hours" sessions on the chart using background colors. It is tailored and optimized for the 15-minute timeframe, ensuring accurate session representation and proper functionality. If you choose to use this script on other timeframes, adjustments may be necessary to maintain its effectiveness.
Key Features:
Working Hours Highlighting: Displays background colors to mark predefined working hours, helping you focus on specific trading sessions.
Future Session Projection: Highlights working hours for future candles, providing a clear visual guide for planning trades.
Customizable Appearance: Offers adjustable colors, transparency, and session timings to suit individual preferences.
Weekly Separators: Includes optional weekly separators to visually distinguish trading weeks.
Important Notes:
Timeframe Compatibility:
This script is optimized for the 15-minute timeframe.
Using it on other timeframes may require optimization of session inputs and related logic.
Please feel free to reach out if you need assistance with adjustments for different timeframes.
Customization:
You can customize session timings, colors, and transparency levels through the input settings.
Support:
If you encounter any issues or need help optimizing the script for your specific needs, don't hesitate to contact me.
Strategy Development Environment [BerlinCode42]Happy Trade,
Intro
What is New
Algebraic/Boolean Equation
Instruction Set for The Algebraic/Boolean Equation
Example
Usage
Settings Menu
Declaration for Tradingview House Rules on Script Publishing
Disclaimer
Conclusion
1. Intro
This is a rich equipped fork of my previous "Backtest any Indicator v5". And serves as the fitting backtester and trade strategy creation tool for my upcoming ANN Indicators (artificial neural network).
As the previous version this script has no trade signal generating code. The trade signals comes in by the five user settable input slots where the user plug-in external indicators. The final trade siganls go long etc are defined by a algebraic/boolean equation typed in as text in 4 terminals as shown in Image 0 . With this algebraic/boolean equations input the user can setup any trade logic as complex and fast and easy as never seen before here on TradingView.
Image 0
2. What is new
Input algebraic/boolean equations in text-form for go long, go short, exit long & exit short
Five input slots for external indicator signals
Equation tester
User settable signal delay for enter and exit trades
User selectable alternating trades filter
User settable exit long = enter short
Intrabar or trade only on bar closing
Time filter with duration input
User settable UTC Adjustment
Long and short trades possible
Two Take Profits with quantity setting
Trailing Stop
Webhook connection
3. Algebraic/Boolean Equation
This is where the magic happens. Unlike other backtesters that rely on drop-down menus to define trade signal equations—thus limiting the number of input signals and the complexity of logic—this script uses a string interpreter to solve equations. With this, you can develop your trade logic equations and add signals or conditions simply by writing them down in algebraic/boolean form.
The instruction set for this interpreter includes not only external input signals but also several internal values. These include BarTime, BarIndex, Open, High, Low, Close, True Range, Minimal Tick, Volume, and a signal that indicates whether there is an open trade (long, short, or none). You can also reference the values of past bars for all these inputs and, of course, use constant values in your equations. There is a sad limitation: Only one past bar value per equation is practicable. If you use more, errors can occur. It seems to be caused by the pipe line architecture of the parallel computing. In any attempt to solve this issue an older function call result was hand over.
The implemented functions cover a wide range of algebraic and boolean operations. A boolean "true" is represented by all values greater than zero, while "false" is represented by zero or values less than zero.
4. Instruction set for the Algebraic/Boolean Equation
There are functions that accept either two input values or one input value. The general form is (XandY) or (notX), where X and Y can be any input slot, predefined value, constant, or another sub-equation. Functions are always written in lowercase, while input slots and predefined values use uppercase letters.
Each sub-equation must be enclosed in parentheses, e.g., (A+B). Without proper use of parentheses, the interpreter cannot determine which function to calculate first. Negative constants must be expressed by subtracting from zero (e.g., (0-3.14)), so careful attention is required.
Here are some examples that demonstrate both incorrect and correct notations:
incorrect correct
(A+B*C) (A+(B*C))
(A+B+D+E) (A+(B+(D+E)))
(-20>A) ((0-20)>A)
(A*-B) (A*(0-B))
(AnotB) (Aand(notB))
ABS(a-b) (abs(A-B))
The correct usage ensures the interpreter calculates in the intended order.
And here comes the complete Instruction Set:
Addition: (A+B)
Subtraction: (A-B)
Multiplication: (A*B)
Division: (A/B)
Absolut value: (absA)
Power of: (A^B)
Natural Logarithm: (logA)
Lowest value of Low of last x bars: (lotx)
Highest value of High of last x bars: (hotx)
Modulo, Remainder of a Division: (A%B)
Round: (rndA)
round to ceil: (ceiA)
Round to floor: (floA)
Round to next minimal tick: (mitA)
EMA of A of last 3 bars: (e03A)
EMA of A of last 7 bars: (e07A)
EMA of A of last 10 bars: (e10A)
EMA of A of last 20 bars: (e20A)
EMA of A of last 50 bars: (e50A)
Smaller then: (AB)
Equal to: (A==B)
Unequal to: (A!=B)
And: (AandB)
Or: (AorB)
Exclusive Or: (AxorB)
Not: (notA)
Past bar value: (A ) ,whereby x can be 1,2,3,...,barIndex-1
Bar time: (T)
Bar index: (I)
Opening Price of Bar: (O)
Highest Price of Bar: (H)
Lowest Price of Bar: (L)
Closing Price of Bar: (C)
Min tick value for the current symbol: (K)
Trade Volume: (V)
True Range: (R)
Is Money invested: (M) ,Long position: M=1,
Short position: M=-1,
No position: M=0
Reminder: if you wanna replace A or B above don't forget the parentheses. So if you have (logA) and wanna replace A with D+F so the correct replacement would be (log(D+F)).
In the following there are some examples of popular bar patterns and useful filters:
Doji: ((abs(O-C))<(10*K))and((H-L)>(100*K))
green Hammer: (((H-C)<(5000*K))and(((O-L)/2)>(abs(O-C)))
Up trend: (C>(e10H))
Down trend: (C<(e10L))
cool down 7 bars: (( any buy condition )and((e07(absM))==0))
possible Pivot High: (H==(hot30))and((CC))
possible Pivot Low: (L==(lot30))and((C>H )or(O0)), goShort ((A>0)and((A )<0)), Enter Signal delay=0, Exit Signal delay=0, Alternate Trades=true
take profit 1 =0.4% (30%), take profit 2 =0.7%, trailing stop loss=0.2%, intrabar, start capital=1000$, qty=5%, fee=0.05%, no Session Filter
Image 1
6. Usage
First you need to attach some signals from external Indicators. In the example above we use the Stochastic RSI indicator from TradingView. Load the Stochastic RSI indicator to the chart. Then you go to the settings menu of this script, choose in the drop-down menu of Input A the signal .
In case you wanna use a signal which is not in the drop-down menu of Input A do the following:
1) You need to know the name of the boolean (or integer) variable of your indicator which hold the desired signal. Lets say that this boolean variable is called BUY. If this BUY variable is not plotted on the chart you simply add the following code line at the end of your pine script.
For boolean (true/false) BUY variables use this:
plot(BUY ? 1:0,'Your buy condition hold in that variable BUY',display = display.data_window)
And in case your script's BUY variable is an integer or float then use instate the following code line:
plot(BUY ,'Your buy condition hold in that variable BUY',display = display.data_window)
2) Probably the name of this BUY variable in your indicator is not BUY. Simply replace in the code line above the BUY with the name of your script's trade condition variable.
3) Do the same procedure for your SELL variable. Then save your changed Indicator script.
4) Then add the changed Indicator script from step before and this backtester script to the chart ...
5) and go to the settings of it. Choose under "Settings -> Input A " your Indicator. So in the example above choose .
The form is usually: ' : BUY'. Then you see something like Image 1
6) Decide about each trade logic for Go Long and Go Short . In this Example we use for GoLong if "Stoch RSI: K" is smaller then 20. The "Stoch RSI: K" we already loaded it in input A. So we set under Go Long (A<20) and set Enter Signal Delay to 0.
Now we setup Go Short if "Stoch RSI: K" is bigger then 80. So we set under Go Short A>80. Enter Signal Delay is already set.
7) For the Exit conditions you can choose (trailing) Stop loss or Take Profit or Exit by Indicator Signal. What ever comes first triggers the exit. If you like to use an EMA Indicator for the Exit by Indicator just load it in a free input slot B, D, E, F or use the inbuild EMA. For this example we use the inbuild EMA of the last 7 values of close. It is called by the following equation: (e07C). So to exit a long trade when the close price crossunder this EMA you have to type in Exit Long ((e07C)>C). For exit a short trade enter in Exit Short ((e07C)<C).
You can choose detailed time- and session filters. You can setup two take profit levels with quantity and stop loss, trailing, initial capital, quantity per trade and set the exchange fees. You get an overall result table and even a detailed, scroll-able table with all trades.
Image 2
In the Image 2 you see the provided info tables about all Trades and the Result Summary. Further more every trade is marked by a background color, labels and levels. An opening Label with the trade direction and trade number. A closing Label again with the trade number, the trade profit in %, the trade gain in $ and the total amount of $ after all past trades. A green line for each take profit levels and an orange line for the (trail) stop loss. This summary table down left gives you an insign about how good or not so good the trade strategy is and with the trade list you can find those trade which should be avoided. Found those bad trades on the chart by the time or trade number. By seeing a big number of bad trades you may find a pattern and can formulate conditions to avoid those bad trades. Those new conditions you can easily add to the equations for enter or exit trades.
Now you have a backtest with the oppotunity to develope and envolve your trading strategy more and more. And for any iteration from general to detailed you can do it with this backtester. You can add more and more filter signals or may change the setting of your Indicator to the best results and setup the following strategy settings like Time- and Session Filter, Stop Loss, Take Profit etc. With it you find a profitable strategy and it's settings.
7. Settings Menu
In the settings menu you will find the following high-lighted sections. Most of the settings have a attention mark on their right side. Move over it with the cursor to read specific explanation.
Input Signals: This are five input slots A, B, D, E & F which you can load up with your preferred Indicators.
Algebraic Equation for the Trade Signals: Here you setup the definitions for Go Long , Go Short , Ex Long & Ex Short . As shown in Image 3 you can combine the input slots A, B, D, E, F with predefined Variables O, H, L, C, T, I, V, K, M, R or any constant value with the in-build function in the instruction set.
Image 3
Additionally, you have the option to delay entry and exit signals. This feature is particularly useful when trade signals exhibit noise and require smoothing.
You can also enable the script to perform alternating trading . In this mode, trades alternate sequentially—after a long trade, a short trade follows, and then another long trade, and so on.
Image 4
As shown in Image 4 , you can configure the script so that an "exit by signal" also acts as the next entry in the opposite trade direction. To enable this, check the option Exit = Enter Next and set the exit condition as the opposite of the entry condition. With this setting, only one occurrence of the signal is needed to trigger both the exit and the new entry, making the transition seamless.
Equation Tester: Each equation is assigned a checkmark and a color. Activate one like in Image 5 and the chart will highlight bars with a colored background where the corresponding equation result is greater than zero (interpreted as true). At the last bar, a label is displayed showing each equation’s result value. This feature allows you to build your equations and test sub-equations to ensure their results are correct.
Image 5
Backtest Results: Check mark the List of Trades to see any single trade with their stats. If there are more trades than can fit in the list, you can scroll down by decreasing the Scroll value.
Timezone Adjustment: In case you wanna use an Chart-UTC that differs from the time scale you can activate Timezone Adjustment . Then you have to setup your location UTC correctly! The Exchange UTC will be set in most cases automatically. Known Exchanges include Amsterdam, Chicago, New_York, Los_Angeles, Calcutta, Colombo, Moscow, St_Petersburg, Tokyo, Shanghai, Hongkong, Berlin, London, Paris, Madrid. Only if you have other exchanges you need to setup it by hand.
Time Filter: You can set a Start time or deactivate it by leave it unhooked. The same with End Time and Duration Days . Duration Days can also count from End time in case you deactivate Start time.
Session Filter: Here, you can choose to activate trading on a weekly basis, specifying which days of the week trading is allowed and which are excluded. Additionally, you can configure trading on a daily basis, setting the start and end times for when trades are permitted. If activated, no new trades will be initiated outside the defined times and sessions.
Long & Short: Here you can enable Longs or Shorts or both trades.
TP & SL Settings: Take Profit 1&2 set the target prices of any trade in relation to the entry price. The TP1 exit a part of the position defined by the quantity value. Stop Loss set the price to step out when a trade goes the wrong direction. You can activate also a trailing SL.
Additionally, you can specify whether trades should be executed intrabar or at the bar's closing.
Hedging: The Hedging is basic as shown in the following Image 6 and serves as a catch if price moves fast in the wrong direction.
Image 6
You can activate a hedging mechanism, which opens a trade in the opposite direction if the price moves x% against the entry price. If both the Stop Loss and Hedging are triggered within the same bar, the hedging action will always take precedence.
Invest Settings: Here, you can set the initial amount of cash to start with. The Quantity Percentage determines how much of the available cash is allocated to each trade, while the Fee Percentage specifies the trading fee applied to both opening and closing positions.
Webhooks: Here, you configure the License ID and the Comment. This is particularly useful if you plan to use multiple instances of the script, ensuring the webhooks target the correct positions. The Take Profit and Stop Loss values are displayed as prices.
8. Declaration for Tradingview House Rules on Script Publishing
This Backtester also serves as Strategy Development Tool by offering the user a fast and easy opportunity to test, enhance and manipulate the definitions for enter and exit trades. The unique feature "algebraic/boolean equation input" provides users with a significant edge over other backtest scripts. Unlike any other backtesting tool available with few drop-down menus for enter the equation, this script allows users to define an extensive range of trade equation definitions without setup of numerous specific parameters. This is reached by four terminals where the user type in the equation as text. Those equations in text-form are send intern to a context-depending touring machine that interprets the string. So with this tool, users can implement their trading ideas—even those involving complex definitions for trade entries and exits based on huge number of variables and indicators—without hiring a developer.
This script is closed-source and invite-only to support and compensate for over a year of development work. Unlike traditional backtest scripts, this one does not rely on TradingView's strategy functions. Instead, it is designed as an indicator, utilizing TradingView's "Indicator-on-Indicator" functionality.
9. Disclaimer
Trading is risky, and traders do lose money, eventually all. This script is for informational and educational purposes only. All content should be considered hypothetical, selected post-factum to demonstrate the upcoming ANN scripts and is not to be construed as financial advice. Decisions to buy, sell, hold, or trade in securities, commodities, and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results. Using this script on your own risk. This script may have bugs and I declare don't be responsible for any losses.
10. Conclusion
Now it’s your turn! Connect your promising Artificial Neural Networks (ANN) and standard indicators to this feature-rich Backtest/Strategy script. This tool allows you to quickly evaluate how well your indicators perform in trading scenarios and easily compare different trading logics defined by algebraic/boolean equations. You can refine your trading strategy step by step without needing a coder. Let it incorporate numerous variables and indicators—simply write the algebraic/boolean equations for trade entries and exits directly into the script’s settings.
Additionally, you can utilize the Time Filter to identify the market conditions where your setups perform best—or where they fall short. The Session Filter helps you isolate recurring favorable conditions to optimize your strategy further. Once you find a promising configuration, you can set up alerts to send webhooks directly. Configure all parameters, test and validate them in paper trading, and if results align with your expectations, deploy the script as your trading bit.
Cheers
Fibonacci Retracement Strategy for CryptoThe Enhanced Fibonacci Retracement Strategy is designed to help traders capitalize on key Fibonacci levels for both long and short trades. This script automatically identifies significant swing highs and lows within a customizable lookback period and dynamically plots Fibonacci retracement levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100%) as support and resistance levels.
Key Features:
Automatic Fibonacci Levels:
The script identifies the highest high and lowest low over a user-defined lookback period to calculate Fibonacci retracement levels.
Dual-Directional Trading:
Long Trades: Triggered when the price crosses above the 61.8% retracement level, anticipating a reversal.
Short Trades: Triggered when the price crosses below the 38.2% retracement level, capturing potential downward movement.
Compact Line Option:
Users can toggle "Compact Fibonacci Lines" to reduce visual clutter on the chart, making the lines shorter and easier to interpret.
Dynamic Alerts:
Alerts are embedded directly into the strategy logic for entry and exit points.
Long Entry: Triggered when the price bounces above the 61.8% level.
Long Exit: Triggered when the price reaches the 23.6% level.
Short Entry: Triggered when the price crosses below the 38.2% level.
Short Exit: Triggered when the price reaches the 78.6% level.
Clear Visualization:
Fibonacci levels are plotted with distinct colors and dashed lines (optional compact view),
providing traders with clear and actionable levels to make decisions.
Inputs:
Lookback Period: Number of candles to calculate swing highs and lows.
Plot Fibonacci Levels: Toggle to enable/disable plotting levels.
Compact Fibonacci Lines: Reduce the length of Fibonacci lines for a cleaner chart.
How It Works:
The strategy identifies a high-low range within the lookback period.
Fibonacci levels are calculated based on the range and plotted on the chart.
Long Trade Example:
Enter when the price crosses above the 61.8% level.
Exit when the price reaches the 23.6% level.
Short Trade Example:
Enter when the price crosses below the 38.2% level.
Exit when the price reaches the 78.6% level.
Best Use Cases:
Trending Markets: Use retracements to time entries in the direction of the trend.
Range-Bound Markets: Identify and trade reversals near key Fibonacci levels.
Important Notes:
This strategy is not financial advice and should be backtested thoroughly before live trading.
Risk management is crucial! Consider using stop-loss orders for protection.
Customize inputs to suit your preferred timeframe and trading style.
MAG 7 - Weighted Multi-Symbol Momentum + ExtrasOverview
This indicator aggregates the percentage change of multiple symbols into a single “weighted momentum” value. You can set individual weights to emphasize or de-emphasize particular stocks. The script plots two key items:
The default tickers in the script are:
AAPL (Apple)
AMZN (Amazon)
NVDA (NVIDIA)
MSFT (Microsoft)
GOOGL (Alphabet/Google)
TSLA (Tesla)
META (Meta Platforms/Facebook)
Raw Weighted Momentum (Histogram):
Each bar represents the combined (weighted) percentage change across your chosen symbols for that bar.
Bars are colored green if the momentum is above zero, or red if below zero.
Smoothed Momentum (Yellow Line):
An Exponential Moving Average (EMA) of the raw momentum for a smoother trend view.
Helps visualize when short-term momentum is accelerating or decelerating relative to its average.
Features
Symbol Inputs: Up to seven user-defined tickers, with weights for each symbol.
Smoothing Period: Set a custom lookback length to calculate the EMA (or switch to SMA in the code if you prefer).
Table Display: A built-in table in the top-right corner lists each symbol’s real-time percentage change, plus the total weighted momentum.
Alerts:
Configure alerts for when the weighted momentum crosses above or below user-defined thresholds.
Helps you catch major shifts in sentiment across multiple symbols.
How To Use
Select Symbols & Weights: In the indicator’s settings, specify the tickers you want to monitor and their corresponding weights. Weights default to 1 (equal weighting).
Watch the Bars vs. Zero:
Bars above zero mean a positive weighted momentum (the basket is collectively moving up).
Bars below zero mean negative weighted momentum (the basket is collectively under pressure).
Check the Yellow Line: The EMA of momentum.
If the bars consistently stay above the line, short-term momentum is stronger than its recent average.
If the bars dip below the line, momentum is weakening relative to its average.
Review the Table: Quick snapshot of each symbol’s daily percentage change plus the total basket momentum, all color-coded red or green.
Caution & Tips
This indicator measures rate of change, not absolute price levels. A rising momentum can still be part of a larger downtrend.
Always combine momentum readings with other technical and/or fundamental signals for confirmation.
For better reliability, experiment with different smoothing lengths to suit your trading style (shorter for scalping, longer for swing or positional approaches).
Data TransformerIt is a data transformer. Is something TradingView lacks right now.
It is simple, it lets you transform the symbol of the chart into this options:
% change
change
QoQ change
QoQ change %
YoY change
YoY change %
Drawdawn %
Drawdawn
Cumulative
