Just made this short video to explain the concepts of Wolfe Strategy which I recently published.
Wolfe wave is popular concept among option traders. However, I have made some tweaks in this strategy to standard wolfe pattern trade rules.
Entry price based on breakout
No moving target - using flat target.
Entry is done based on risk reward
In this video, I have tried explaining the relationship between win ratio and risk reward.
🎲 Two sides of the coin
People often asked me if a strategy win rate is less than 50% then why do we need to follow it? And also we can see in social media - lots of people claiming 90%+ win ratio for their strategy.
There is also another set of...
In this video - we discussed about what is repainting, different types of repainting, how we can identify them and some resources for programmers to avoid them programmatically.
Here are some quick resources for programmers:
Please let me if there are further questions
Here is a video on detailed settings guide to invite only script -
In this video, we discuss about:
* Few important settings and how to use them
* Few references to other tutorials for extended help
Also please refer to linked ideas about:
* How to customise alerts in Auto Harmonic scripts
* How to use external filters
Let me know if you...
I have made this video which covers briefly on following points for Auto-Chart-Patterns-Ultimate-Trendoscope
1. Indicator components
2. Detailed settings
3. Few key features
4. Info about trading different patterns included
I could not cover alerts in the video due to time constraints. But, alerts is same as that of ...
This video talks about how to use the invite only script - Auto Chart Patterns - Ultimate. This script is published a while ago and also has an existing video HOW-TO-Auto-Chart-Patterns-Ultimate . But, there has been numerous updates on the script which makes the script very much different to what it was when it got published first time. This...
Here is a small video describing the idea on studying divergence data based on divergence backtester script.
To understand further, you can study some of my older scripts on divergence. You can find them under my profile: www.tradingview.com
Filter only open source scripts so that you will see only free to use scripts with code available. This...
Zigzag is my favourite technical indicator. Usage of zigzag is often misunderstood. People try to find tops and bottoms and complain that it repaints. Well, zigzag is supposed to repaint its last pivot and it should not be used finding tops and bottoms to enter and exit at the right time. Then, how do we use zigzags?
Main application of zigzag for me is pattern...
As discussed in the video, below are the steps to define fully customisable alert templates and alerts in pine script. This is a generic idea which can be implemented for any script.
Step 1. What all parameters(keys) need to be sent in alerts.
Step 2. Create a default alert template
Step 3. Create a user input where users can alter the default alert...
Thanks for watching the video. Here is the git repo which has detailed instructions on how to setup and use these APIs.
Thanks to @LuxGecko for providing ideas.
To summarise, following are the steps:
1. Fork replit repository
2. Set environment variables for your tradingview username and password
3. Run the REPL and start using APIs
In this video, I have explained following things:
1. What is a filter indicator and how it can be used
2. Example demonstration of Relative Bandwidth Filter to define trade no-trade zones based on volatility.
3. How to use filters along with Auto Harmonic Pattern UltimateX or any other script which follows similar design for external filters.
I just made this video because, this question came up many times in Pine QA. In this video we are trying to load default Bollinger Band indicator from Tradingview and convert it into strategy.
Below are the steps
Load the indicator on chart
Click on source code (curly brackets next to indicator title) to load the code into your pine...
There are two contracting triangles on the chart. Both broken downside. Now, lets see the historical results of trades based on contracting triangles on bearish side for BTC on daily chart
Based on this,
Probability of price reaching 25300 before hitting 42700 is 30-33%
Risk reward for the bearish side is 0.64
Probability of price reaching 18903 before...
Purely experimental. Trying to derive few patterns programmatically and happened to notice this!!
Also, the ending diagonal waves appear towards the end of wave5. Does it mean, SPY going to retrace after hitting ATH!! Will wait and see.
Regular deep pullbacks and recover to ATH
Consistency in number of days to reclaim ATH and extension to new ATH.
Broken downward trend line. Under the support of lower pivot trend line. Also broken last resistance derived from double hidden divergence.
Lastly, clear double bottom and broken neck line.
Brief glance on historical deep drawdowns and recovery timelines to ATH from BABA. Recovery time is generally slower and took 1.5 to 2 times more than going down.
Conclusion: Don't be in hurry to buy the dip. There will be enough time for recovery. Wait for better confirmations.
Making this video on setting alert in the invite only scripts
For value placeholders, please visit the description and updates done in 11th and 12th Feb for Harmonic Pattern scripts. And 20th Feb for Auto...
This is a story about how exponential increase in Nickel's price negatively impacted a fundamentally strong nickel mining company and without any fault from the company itself!!.
⬜ Little bit of background
We all know that commodity prices are skyrocketing due to Russia-Ukraine tensions and in the fear of sanctions on Russia. Russia has major market share in...