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Pivot Alert Bot - Multi-TimeframeOverview Pivot Alert Bot automatically detects and labels pivot highs and pivot lows as they confirm across multiple timeframes. Designed for active traders who want clean, actionable signals without chart clutter. Two-Tier Pivot System 📍 Main Pivots (Length 20) Confirmed swing points that have proven themselves with 20 bars of price action on each side. Marked with clean PH (Pivot High) and PL (Pivot Low) labels. These are your high-conviction levels. ⭐ Temporary Pivots (Length 3) Early-stage pivots marked with ***** labels in blue. These signal potential reversals before full confirmation — ideal for aggressive entries with tighter stops. How to Trade The indicator is built around a simple pivot-to-pivot strategy: 🔴 Short Setup: Enter short at a Pivot High → Target the previous Pivot Low 🟢 Long Setup: Enter long at a Pivot Low → Target the previous Pivot High This approach gives you logical, structure-based profit targets instead of arbitrary calculations. Multi-Timeframe Support Scan for setups across: ⚡ 5 minute — Scalping and quick intraday moves 📊 15 minute — Primary day trading timeframe 📊 30 minute — Confirmation and larger moves ⏱️ 1 hour — Context and swing trade setups Built-In Alerts Never miss a pivot. Alert conditions included for: Main Pivot High confirmed Main Pivot Low confirmed Temporary Pivot High detected Temporary Pivot Low detected Set alerts once and get notified on any timeframe. Best Used On High-volume, liquid instruments: SPY, QQQ, NVDA, TSLA, AMD, META, AMZN, COIN, and similar names with clean price action. Settings Adjustable pivot lengths for both main and temporary pivots Toggle temporary pivot visibility on/off Customizable label colors and sizes
Pine Script® indicator
by jinluwang0102
Inyerneck UT Bot with 9 EMA Filter With Signals (Tight) v: 4.20this script is a customized version of the UT bot, enhanced with 9ema trend filter for cleaner entries.designed for short term traders to reduce noise and avoid false signals during choppy price action. youll only see signals when price action confirms momentum aligned with trend as defined by EMA. try adjusting sensitivity and ATR period to your liking. my current setting is ATR 6,Sensitivity 3.8,EMA 9 to 11...
Pine Script® indicator
by oogabooger
Algo BOT 4.0 updated Strategy Description: Algo BOT 4.0 updated is a sophisticated multi-timeframe trading strategy that identifies high-probability reversal points using technical confluence. The strategy combines: Core Components: Multi-timeframe Pivot Analysis: Daily, Weekly, and Monthly pivot points with CPR (Central Pivot Range) RSI Momentum Filter: Higher timeframe RSI (user-configurable) for trend bias VWAP Dynamics: Volume-weighted average price with moving averages Fibonacci Strength Analysis: Candle close positions relative to 38.2% Fib levels Advanced Cooldown System: Prevents overtrading with dynamic gap requirements Entry Logic: Long Entries: RSI < 57 with bullish candle structure at key support levels Short Entries: RSI > 43 with bearish candle structure at key resistance levels Zone-based Filtering: Identifies trades near significant pivot points (D PP, D R1, D S1, W PP, M PP, VWAP) Risk Management: Dynamic cooldown periods between trades Gap-based entry optimization to ensure sufficient price movement Extreme price tracking for better entry timing Multi-condition validation to reduce false signals Alert System: Real-time alerts for both long and short entries Includes price, RSI value, and zone information Visual signals with triangle markers on chart Comprehensive status monitoring with cooldown timer
Pine Script® indicator
by Sudip09m
Algo BOT 4.0 Strategy Description: Algo BOT 4.0 is a sophisticated multi-timeframe trading strategy that identifies high-probability reversal points using technical confluence. The strategy combines: Core Components: Multi-timeframe Pivot Analysis: Daily, Weekly, and Monthly pivot points with CPR (Central Pivot Range) RSI Momentum Filter: Higher timeframe RSI (user-configurable) for trend bias VWAP Dynamics: Volume-weighted average price with moving averages Fibonacci Strength Analysis: Candle close positions relative to 38.2% Fib levels Advanced Cooldown System: Prevents overtrading with dynamic gap requirements Entry Logic: Long Entries: RSI < 57 with bullish candle structure at key support levels Short Entries: RSI > 43 with bearish candle structure at key resistance levels Zone-based Filtering: Identifies trades near significant pivot points (D PP, D R1, D S1, W PP, M PP, VWAP) Risk Management: Dynamic cooldown periods between trades Gap-based entry optimization to ensure sufficient price movement Extreme price tracking for better entry timing Multi-condition validation to reduce false signals Alert System: Real-time alerts for both long and short entries Includes price, RSI value, and zone information Visual signals with triangle markers on chart Comprehensive status monitoring with cooldown timer
Pine Script® indicator
by Sudip09m
Ravi Raj rending Intraday BotTrend Reversal Catching 🔹 Features: ✅ Buy & Sell signals with proper confirmation ✅ Dynamic support & resistance levels ✅ Trend direction + reversal detection ✅ Risk management (Stop Loss & Target levels) ✅ Works on Nifty, BankNifty, Stocks & Options 🔹 Best Timeframe: 5 Min, 15 Min (Intraday Trading) Works on both Index & Equity 🔹 Trading Style: Scalping Momentum Trading Ravi Raj rending Intraday Bot 8102106608 udhwa
Pine Script® indicator
by rajravi7074
HD_DİNAMİK SEMBOL-SİNYAL TABLO (STrend + EMA(25/99) – v6.2HD_Dynamic Symbol–Signal Table (Short/Mid/Long) — SuperTrend + EMA(25/99) — v6.2 TL;DR Invite-only indicator that builds a multi-symbol live signal table combining SuperTrend direction with EMA 25/99 state, across three timeframe groups: Short (5/15/30), Mid (45/60/120), Long (180/240/D). Top 2 rows (e.g., BTC, ETH) always show the full 3×(ST, EMA) matrix; the remaining rows show the active group to stay lightweight. The table colors & texts are highly configurable, and the indicator emits clean alert messages you can route to webhooks (e.g., your bot). 1) What it does Signal logic (per symbol & timeframe): SuperTrend direction + EMA 25 vs 99 comparison. Combination map: ST=LONG & EMA=LONG → "LONG YAP" ST=SHORT & EMA=SHORT → "SHORT YAP" ST=SHORT & EMA=LONG → "SHORT/LONG YAP" (mixed) ST=LONG & EMA=SHORT → "LONG/SHORT YAP" (mixed) Timeframe groups Short: 5/15/30 Mid: 45/60/120 Long: 180/240/D Auto mode infers the group from the chart TF; Manual mode lets you pin a group. Pinned priority rows: Row #1 and #2 (default BTC/ETH) always display all three TFs (ST & EMA pairs). Dynamic list (rows 3–30): Shows only the active group for each symbol to stay fast and readable. Implementation note: in this build the ST “up”/“down” plotting uses the SuperTrend dir sign convention where dir < 0 is rendered as Uptrend and dir > 0 as Downtrend in visuals. The table/alerts already normalize this into LONG/SHORT text. 2) Table, styling & filters Placement & fonts: position, title/group/header/body font sizes. Colors: per-cell/background for header rows, LONG/SHORT states, and distinct brand colors per symbol row (BTC=blue, ETH=amber, majors=greens, mid-caps=oranges, high-risk=reds, new/hyped=purple range). Symbol column text: “Symbol only”, “Short+Symbol”, or “Short only”. Filter: Show All / LONG YAP / SHORT YAP / SHORT/LONG YAP / LONG/SHORT YAP. (Pinned BTC/ETH still visible.) 3) Alerts & webhook messages Per-row alerts: When the active TF for a row resolves on bar close, the indicator sends: |symbol=|tf=|signal= Example: HD_ST_EMA|symbol=BINANCE:BTCUSDT|tf=15|signal=LONG YAP Configure the alert to Once per bar close and set a webhook URL if you want to forward to an execution bot. Ready-made alertconditions (Robot block): Select a single alarmSymbol and get four conditions: LONG YAP, SHORT YAP, SHORT/LONG YAP, LONG/SHORT YAP. Chart-symbol conditions: Extra alertconditions for EMA LONG/SHORT and ST LONG/SHORT on the current chart symbol, if you also want single-symbol triggers. 4) Drawing package (optional) SuperTrend line with Up/Down segments and trend-flip labels. EMA 25/99 lines and cross labels. Main mixed-state labels for the chart symbol can be toggled (LONG/SHORT & mixed cases). 5) Symbols & safety Priority inputs (#1–2) for BTC/ETH; inputs #3–30 for your list (supports formats like BINANCE:BTCUSDT or BTCUSDT.P). A basic format validator ignores obviously malformed tickers to avoid request errors. request.security() powers all multi-TF/multi-symbol reads. 6) How to use Add indicator to the chart. Choose Auto (group follows chart TF) or pick Short/Mid/Long manually. Fill your symbol list (rows 3–30). BTC & ETH are pinned at the top. Set filter (or keep “All”). (Optional) Adjust fonts/colors and the “Symbol column” text mode. Turn Alert on; set alertPrefix if you need a specific route tag. Create an alert on the indicator, Once per bar close, and (optionally) add a webhook URL. 7) Notes & limits This is an indicator (no orders are placed). Use the alerts to trigger your own automation. Designed for crypto symbols; works on other markets if your vendor supports the tickers/timeframes. Table resizes dynamically to your active list; heavy watchlists may still be constrained by platform limits. 8) Disclaimer Educational use only. Not financial advice. Past performance does not guarantee future results. Changelog v6.2 — Auto/Manual TF-grouping, pinned BTC/ETH tri-TF view, robust alert text format, color-coded priorities, safer symbol validation, ST/EMA flip labels, dynamic table sizing. Türkçe Özet Ne yapar? Birden fazla sembol için SuperTrend + EMA(25/99) durumunu üç periyot grubunda (Kısa 5/15/30 – Orta 45/60/120 – Uzun 180/240/Günlük) tek tabloda gösterir. BTC/ETH ilk iki satırda her zaman 3×(ST, EMA) birlikte görünür; diğer satırlar aktif gruba göre (performans için) tek grup gösterir. Sinyal mantığı İkisi de LONG → LONG YAP İkisi de SHORT → SHORT YAP Karışık → SHORT/LONG YAP veya LONG/SHORT YAP (ST/EMA’ya göre) Alarm & Webhook Satır bazlı alarm metni: HD_ST_EMA|symbol=...|tf=...|signal=... (bar kapanışında). “Robot” bölümünde tek bir sembol için 4 ayrı alertcondition hazır. Grafikteki sembol için ayrıca EMA LONG/SHORT ve ST LONG/SHORT koşulları da var. Kullanım Otomatik/Elle grup seç; Listeyi doldur (3–30); Filtre/renk/yazı ayarla; Alarmı aç ve Once per bar close ile kur; gerekiyorsa webhook URL ekle. Not Gösterge emir vermez; sinyalleri kendi köprüne/botuna yönlendirirsin. Yatırım tavsiyesi değildir.
Pine Script® indicator
by doganhayrullah38
Valdes Trading Bots - Scaled Profits and DCA — V 12.1Valdes Trading Bots – Scaled Profits and DCA — V 12.1 Overview This strategy is built for traders who want to capture medium-term swings without getting caught in short-term noise. It is optimized for the 12-hour timeframe, where signals have historically shown stronger consistency across a wide range of market conditions. Key Features Trend regime detection – Identifies when momentum flips from bullish to bearish (and vice versa). Scaled profit targets – Positions automatically reduce across multiple take-profit levels to secure gains progressively. Risk management – Includes a capped, rules-based averaging (DCA) method during controlled pullbacks. Not martingale, strictly limited. Directional flexibility – Can operate long or short, depending on market regime. JSON output included – Adds flexibility for advanced users. How to Use Apply primarily on the 12-hour chart for best results. Use this script for backtesting, research, and simulation before any live application. No input changes are required; it is designed to run as-is. Notes & Limitations This is a strategy script, not a signal service. Past win rates or backtest results are not predictive of future performance. All markets carry risk, and losing trades will occur. Always test extensively in paper trading before deploying to a live account. Disclaimer This script is provided for educational and research purposes only. It is not financial advice. The authors and publishers assume no responsibility for losses incurred from using this strategy.
Pine Script® strategy
by ValdesTradingBots
Trading bot gridsGuide: Price Lines – Arithmetic vs. Geometric This script draws horizontal price lines (grids) between a start price and an end price. You can choose whether the lines are distributed evenly (arithmetic) or by percentage (geometric). 🔧 Inputs Start Price → Lower or upper boundary of the price range. End Price → Opposite boundary of the price range. Number of Lines → Total number of lines to be drawn between the start and end prices. Distribution → Arithmetic: Fixed USDT distance between each line. Geometric: Fixed percentage distance between each line. Grid Color → Color of the drawn lines. 📈 How it Works The script calculates the lower (lo) and upper (hi) boundaries, regardless of which is entered first. Arithmetic distribution: Each line is spaced by a fixed amount in USDT. Geometric distribution: Each line is spaced by the same percentage difference from the previous one. Lines are created only once at the first bar and remain on the chart. All lines are extended across the entire visible chart. 💡 Tips Useful for Grid Bot backtesting or visualizing price zones. Works for both long and short price ranges. In geometric mode, lines appear closer together near the lower price range and farther apart toward the upper range.
Pine Script® indicator
by Odin7
RSI+BOLLINGER (LONG & SHORT)This indicator combines two of the most popular tools in technical analysis, the Relative Strength Index (RSI) and Bollinger Bands (BB), to generate both long (BUY) and short (SELL) trading signals. Strategy: Entries (Buy/Short): Entry signals are based on the RSI. A BUY is suggested when the RSI crosses above an oversold level (default: 29), indicating a possible upward reversal. A SHORT is suggested when the RSI crosses below an overbought level (default: 71), indicating a possible downward reversal. Exits (Position Closure): Exit signals are based on Bollinger Bands. A long position is closed when the price crosses below the upper Bollinger Band. A short position is closed when the price crosses above the lower Bollinger Band. Key Features: Cascade Filter: Includes a smart filter that prevents opening new consecutive trades if the price hasn't moved significantly in favor of a new entry, optimizing signal quality. Automation Alerts: Generates detailed alerts in JSON format for each event (buy, sell, close), designed for easy integration with trading bots and automated systems via webhooks. Fully Configurable: All parameters of the RSI, Bollinger Bands, and strategy filters can be adjusted from the indicator’s settings menu.
Pine Script® indicator
by gpsrosario
5
XAU/USD Scalping Bot [Jake-Style 1500+] FINALDescription: This advanced scalping bot is engineered for XAU/USD using Jake-style visual overlays with predictive trade triggers, early entry signals, and multi-layer confirmation tools. Key Features: • EMA Cloud System with color-coded directional bias (5/13/21/55/144/377) • PSAR Flip-Only Dots to highlight trend reversal moments without chart clutter • Bollinger Band Zones to visualize volatility channels • Predictive Entry Flags for early buy/sell signals before momentum candles (≥2 pip move) • TRUE Candle Logic for confirmed trend-following entries • Multi-Level TP/SL Lines with real-time alerts: • TP1 / TP2 / TP3 with precise trigger logic • Stop Loss hit detection • Red Flag Warnings for exit caution during reversal zones (overbought TDI / failed breakouts) Optimized For: • 1m / 3m / 5m / 15m / 30m timeframes • Scalping & intraday trading with high-precision entries • Traders who prefer visual confirmation before committing to entries Created by: @Livingstonedan Powered by: ChatGPT x Jake-style automation logic
Pine Script® indicator
by Livingstonedan
John Bob-Trading-BotDeveloped by Ayebale John Bob with the help of his bestie, this innovative strategy combines advanced Smart Money Concepts with practical risk management tools to help traders identify and capitalize on key market moves. Key Features: Smart Money Concepts & Fair Value Gaps (FVG): The strategy monitors price action for fair value gaps, which are visualized as extremely faint horizontal lines on the chart. These FVGs signal potential areas where institutional traders might have entered or exited positions. Dynamic Entry Signals: Buy signals are triggered when the price crosses above the 50-bar lowest low or when a bullish FVG is detected. Conversely, sell signals are generated when the price falls below the 50-bar highest high or a bearish FVG is identified. Each signal is visually marked on the chart with clear buy (green) and sell (red) labels. Multi-Level Order Execution: Once an entry signal occurs, the strategy places five separate orders, each with its own take-profit (TP) level. The TP levels are calculated dynamically using the Average True Range (ATR) and a set of predefined multipliers. This allows traders to scale out of positions as the market moves favorably. Dynamic Risk Management: A stop-loss is automatically set at a distance determined by the ATR, ensuring that risk is managed in accordance with current market volatility. Real-Time Trade Information Table: In the bottom-right corner of the chart, a trade information table displays essential details about the current trade: Side: Displays "BUY NOW" (with a dark green background) for long entries or "SELL NOW" (with a dark red background) for short entries. Entry Price & Stop-Loss: Shows the entry price (highlighted in green) and the corresponding stop-loss level (highlighted in red). Take-Profit Levels: Lists the five TP levels, each of which turns green once the market price reaches that target. Timer: A live timer in minutes counts from the moment the current trade trigger started, helping traders track the duration of their active trades. Visual Progress Bar: A histogram-style progress bar is plotted on the chart, visually representing the percentage gain (or loss) relative to the entry price. This strategy was meticulously designed to incorporate both technical analysis and smart risk management, offering a robust trading solution that adapts to changing market conditions. Whether you're a seasoned trader or just starting out, the AyebaleJohnBob Trading Bot equips you with the tools and visual cues needed to make well-informed trading decisions. Enjoy a seamless blend of strategy and style—crafted with passion by Ayebale John Bob and his bestie!
Pine Script® strategy
by ayebalejohnbob
9
Ping Pong Bot StrategyOverview: The Ping Pong Bot Strategy is designed for traders who focus on scalping and short-term opportunities using support and resistance levels. This strategy identifies potential buy entries when the price reaches a key support area and shows bullish momentum (a green bar). It aims to capitalize on small price movements with predefined risk management and take profit levels, making it suitable for active traders looking to maximize quick trades in trending or ranging markets. How It Works: Support & Resistance Calculation: The strategy dynamically identifies support and resistance levels using the lowest and highest price points over a user-defined period. These levels help pinpoint potential price reversal areas, guiding traders on where to enter or exit trades. Buy Entry Criteria: A buy signal is triggered when the closing price is at or below the support level, and the bar is green (i.e., the closing price is higher than the opening price). This ensures that entries are made when prices show signs of upward momentum after hitting support. Risk Management: For each trade, a stop loss is calculated based on a user-defined risk percentage, helping to protect against significant drawdowns. Additionally, a take profit level is set at a ratio relative to the risk, ensuring a disciplined approach to exit points. 0.5% Take Profit Target: The strategy also includes a 0.5% quick take profit target, indicated by an orange arrow when reached. This feature helps traders lock in small gains rapidly, making it ideal for volatile market conditions. Customizable Inputs: Length: Adjusts the period for calculating support and resistance levels. Risk-Reward Ratio: Allows traders to set the desired risk-to-reward ratio for each trade. Risk Percentage: Defines the risk tolerance for stop loss calculations. Take Profit Target: Enables the customization of the quick take profit target. Ideal For: Traders who prefer an active trading style and want to leverage support and resistance levels for precise entries and exits. This strategy is particularly useful in markets that experience frequent price bounces between support and resistance, allowing traders to "ping pong" between these levels for profitable trades. Note: This strategy is developed mainly for the 5-minute chart and has not been tested on longer time frames. Users should perform their own testing and adjustments if using it on different time frames.
Pine Script® indicator
by Disjournals
5
hamster-bot MRS 2 (simplified version) MRS - Mean Reversion Strategy (Countertrend) (Envelope strategy) This script does not claim to be unique and does not mislead anyone. Even the unattractive backtest result is attached. The source code is open. The idea has been described many times in various sources. But at the same time, their collection in one place provides unique opportunities. Published by popular demand and for ease of use. so that users can track the development of the script and can offer their ideas in the comments. Otherwise, you have to communicate in several telegram chats. Representative of the family of counter-trend strategies. The basis of the strategy is Mean reversion . You can also read about the Envelope strategy . Mean reversion , or reversion to the mean, is a theory used in finance that suggests that asset price volatility and historical returns eventually will revert to the long-run mean or average level of the entire dataset. The strategy is very simple. Has very few settings. Good for beginners to get acquainted with algorithmic trading. A simple adjustment will help avoid overfitting. There are many variations of this strategy, but for understanding it is better to start with this implementation. Principle of operation. 1) A conventional MA is being built. (fuchsia line). A limit order is placed on this line to close the position. 2) (green line) A limit order is placed on this line to open a long position 3) (red line) A limit order is placed on this line to open a short position Attention! Please note that a limit order is used. Conclude that the strategy has a limited capacity. And the results obtained on low-liquid instruments will be too high in the tester. On real auctions there will be a different result. Note for testing the strategy in the spot market: When testing in the spot market, do not include both long and short at the same time. It is recommended to test only the long mode on the spot. Short mode for more advanced users. Settings: Available types of moving averages: SMA EMA TEMA - triple exponential moving average DEMA - Double Exponential Moving Average ZLEMA - Zero lag exponential moving average WMA - weighted moving average Hma - Hull Moving Average Thma - Triple Exponential Hull Moving Average Ehma - Exponential Hull Moving Average H - MA built based on highs for n candles | ta.highest(len) L - MA built based on lows for n candles | ta.lowest(len) DMA - Donchian Moving Average A Kalman filter can be applied to all MA The peculiarity of the strategy is a large selection of MA and the possibility of shifting lines. You can set up a reverse trending strategy on the Donchian channel for example. Use Long - enable/disable opening a Long position Use Short - enable/disable opening a Short position Lot Long, % - % allocated from the deposit for opening a Long position. In the spot market, do not use % greater than 100% Lot Short, % - allocated % of the deposit for opening a Short position Start date - the beginning of the testing period End date - the end of the testing period (Example: only August 2020 can be tested) Mul - multiplier. Used to offset lines. Example: Mul = 0.99 is shift -1% Mul = 1.01 is shift +1% Non-strict recommendations: 1) Test the SPOT market on crypto exchanges. (The countertrend strategy has liquidation risk on futures) 2) Symbols altcoin/bitcoin or altcoin/altcoin. Example: ETH/BTC or DOGE/ETH 3) Timeframe is usually 1 hour If the script passes moderation, I will supplement it by adding separate settings for closing long and short positions according to their MA
Pine Script® strategy
by hamster-bot
7
DCA EMA Simple Bot [Starbots] This is a simple idea of DCA trading on EMA crosses. Strategy is not repainting. The difference between this and any other strategy is, that this script allows you to preset DCA buy triggers at desired levels and customize each DCA order size independently. Alerts are working, this strategy is easily used for automatic trading. I mainly trade on Cryptohopper, Pionex, 3commas. This was created for community, alerts are working and non-repainting. Should work on any other as well. Trading Condition: It's buying when Fast EMA crosses up Slow EMA. Set your paramters. It's selling if EMA's crosses back, signaling a sell. Optional. DCA: You can enter DCA on 20 custom levels or layers. It buys DCA when price hits the plotted blue line on the chart that's set by input % triggers. (buy 1st DCA at 2% drop, buy 2nd DCA at 5% drop,...) Set your Inital Capital and Pyramiding in Properties tab, Initial Order Size and DCA Order Size (lot1,lot2,lot3,..), Order Type are changed in strategy inputs. -By default you can see that we buy when EMA's cross up and signal a buy for 10% of equity, if market is dropping you will then place a first DCA order ( 20% equity) at 2% drop (lower) from initial order. If market keeps dropping you have more DCA levels where you can buy and average down your holding position. For selling you can use Take profit and Stop Loss targets that averages down multiple open positions, it will sell it once it reaches your desirable Take Profit and close a deal. You can also close your trade if EMA signals a sell. Pyramiding - number of orders you can open at a time Your first buy order is pyramiding 1. To allow it to buy 1 DCA or merge one time, set pyramding to 2. Want to DCA 10 times? Set pyramiding at 11. (+1 always) More features: - Profit Calendar - Show Balance label before every new trade - DCA table - visualize how much of your investment is used in trades. If a background of the table is green you are okay, if the background color is red - you are using more money for orders than you actually have. Buy Orders << Strategy Equity/Capital - Show / Hide DCA lines - if your chart processing is getting slow you should hide some DCA levels to speed it up - Backtesting Range - for testing the strategy in different time windows - Alerts When all trades are closed on your chart, winning rate of the strategy is 100% actually. Win rate is shown differently as it's actually closing and opening every trade individually by default in TradingView system. We merge positions together and average it down into one big position to later sell for a profit (DCA). You use this Trading Algorithm at your own risk. Do not trade before testing or invest something you cannot afford to lose on markets.
Pine Script® strategy
by Starbots
4
Jesse Livermore Strategy [Buy & Sell]Jesse Livermore was a famous trader who made a fortune in the early 20th century through his unique approach to trading. While he did not leave behind a single, specific trading strategy that is attributed to him, I have tried to reproduce one. His trading strategy was based on understanding market trends and sentiment, and he used several technical indicators to identify potential entry and exit points. Some of the indicators he used include: Price Action: Jesse Livermore relied heavily on price action to make trading decisions. He believed that the price itself was the best indicator of market sentiment, and that by analyzing the price movement, he could identify trends and market behavior. Volume: Livermore also used volume to confirm price movements. He believed that a rise in volume along with a price increase indicated a strong bullish trend, while a decrease in volume with a price increase indicated a weak trend. Pivot Points: Another key component of Jesse Livermore's trading strategy was pivot points. He used pivot points to identify potential support and resistance levels in the market, which he then used to identify potential entry and exit points. Jesse Livermore outlined a simple trading system: wait for pivotal points before entering a trade. When the points come into play, trade them using a buffer, trading in the direction of the overall market. Let the price dictate your actions and stay with profitable trades until there is good reason to exit the trade. The one I have tried to reproduce it's based on Pivot High and Low looking back 5 Days, and the average price oscillator. When the price is bellow the support defined line it's time to Buy ( Long Position ), when the Price line is over the Resistance Line it's time to Sell ( Short Position ) This indicator has to be checked, and tried into a Real-Time context, so using the Replay functionality of TradingView is the best way to see and understand how Signals comes (NB: look back into the chart without Replay should give you wrong Buy/Sell information) The Indicator can be used on every TimeFrames, but the better ones are 5min - 15min. I will add the possibility to choose the TimeFrames value for Pivot High and Low. I will create a version with Alerts for Buy and Sell and the possibility to integrate it with "3commas Bot" where the best deal can be to set a TP to 1% for each Long or Short Entry. Let's try it and comment for doubts or questions.
Pine Script® indicator
by splirus
21