INVITE-ONLY SCRIPT
CMYK RMI TRIPLE Automated strategy
Updated
▼ This is the strategy version of the script.
◊ Introduction
This script makes use of three RMI's, that indicate Overbought/Oversold on different timescales that correspond with Frequency’s that move the market.
◊ Origin
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down ticks from close to close, the Relative Momentum Index counts up and down ticks from the close relative to a close x number of days ago.
This results in an RSI that is smoother, and has another setting for fine tuning results.
This bot originated out of Project XIAM, an investigative script that outlined my approach towards Automated Trading Strategies.
Are you interested in writing bots yourself ? check out the beta version of this script.
It has many bugs, but also most of the Skeleton.
◊ Usage
This script is intended for Automated Trading with AUTOVIEW or TVAUTOTRADER, on the 1 minute chart.
◊ Features Summary
◊ Community
Wanna try this script out ? need help resolving a problem ?
CMYK :: discord.gg/bg2TDvh
AUTOVIEW :: discordapp.com/invite/BFz8VPn
TRADINGVIEW UNOFFICIAL :: discord.gg/fZFcJBy
◊ Setting up Autoview Alerts
Use the study version of this script, To set up The Alerts Autoview Picks up on.
The Signals to work with are :
Use this to open one Long Position.
With quantity being : [ Equity to play with ] / [ ( Pyramiding – Ignore # First Entries ) * (Leverage ) ]
Once per bar
Being larger than 0
Comment example : e=exchange b=long q=amount t=market
Use this to open one Short Position.
With quantity being : [ Equity to play with ] / [ ( Pyramiding – Ignore # First Entries ) * (Leverage ) ]
Once per bar
Being larger than 0
Comment example : e=exchange b=short q=amount t=market
Use this to Close The amount of one Open Position.
With quantity* being : [ Equity to play with ] / [ ( Pyramiding – Ignore # First Entries ) * (Leverage ) ]
Once per bar
Being larger than 0
Comment example : e=exchange c=position q=amount t=market
*Beware when using a percental % quantity, instead of an absolute quantity.
Percental Quantities are based on the [ Open Amount ], Not [ Equity to play with ]
And will change in absolute value relative to the amount of open trades.
Use this to Close All Open Positions.
With quantity being : [ Equity to play with ]
Once per bar
Being larger than 0
Comment example : e=exchange c=position t=market
For the specific Syntax used in the comment of the alert, visit Autoview.
◊ Setting up TVAutotrader
Use the strategy version of this script, And load it into TVAT.
◊ Backtesting
Use the strategy version of this script for backtesting.
◊ Contact
Wanna try this script out ? need help resolving a problem ?
CMYK :: discord.gg/bg2TDvh
◊ Introduction
This script makes use of three RMI's, that indicate Overbought/Oversold on different timescales that correspond with Frequency’s that move the market.
◊ Origin
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down ticks from close to close, the Relative Momentum Index counts up and down ticks from the close relative to a close x number of days ago.
This results in an RSI that is smoother, and has another setting for fine tuning results.
This bot originated out of Project XIAM, an investigative script that outlined my approach towards Automated Trading Strategies.
Are you interested in writing bots yourself ? check out the beta version of this script.
It has many bugs, but also most of the Skeleton.
◊ Usage
This script is intended for Automated Trading with AUTOVIEW or TVAUTOTRADER, on the 1 minute chart.
◊ Features Summary
- Overlay Mode
- Indicator Mode
- Three RMI's
- Trend adjustment
- Pyramiding
- Ignore first entries
- Take Profit
- Stop Loss
- Interval between Entries
- Multiring Fix
- Alert signal Seperation
◊ Community
Wanna try this script out ? need help resolving a problem ?
CMYK :: discord.gg/bg2TDvh
AUTOVIEW :: discordapp.com/invite/BFz8VPn
TRADINGVIEW UNOFFICIAL :: discord.gg/fZFcJBy
◊ Setting up Autoview Alerts
Use the study version of this script, To set up The Alerts Autoview Picks up on.
The Signals to work with are :
- Open 1 Long
Use this to open one Long Position.
With quantity being : [ Equity to play with ] / [ ( Pyramiding – Ignore # First Entries ) * (Leverage ) ]
Once per bar
Being larger than 0
Comment example : e=exchange b=long q=amount t=market
- Open 1 Short
Use this to open one Short Position.
With quantity being : [ Equity to play with ] / [ ( Pyramiding – Ignore # First Entries ) * (Leverage ) ]
Once per bar
Being larger than 0
Comment example : e=exchange b=short q=amount t=market
- Close1 Position
Use this to Close The amount of one Open Position.
With quantity* being : [ Equity to play with ] / [ ( Pyramiding – Ignore # First Entries ) * (Leverage ) ]
Once per bar
Being larger than 0
Comment example : e=exchange c=position q=amount t=market
*Beware when using a percental % quantity, instead of an absolute quantity.
Percental Quantities are based on the [ Open Amount ], Not [ Equity to play with ]
And will change in absolute value relative to the amount of open trades.
- Close All positions
Use this to Close All Open Positions.
With quantity being : [ Equity to play with ]
Once per bar
Being larger than 0
Comment example : e=exchange c=position t=market
For the specific Syntax used in the comment of the alert, visit Autoview.
◊ Setting up TVAutotrader
Use the strategy version of this script, And load it into TVAT.
◊ Backtesting
Use the strategy version of this script for backtesting.
◊ Contact
Wanna try this script out ? need help resolving a problem ?
CMYK :: discord.gg/bg2TDvh
Release Notes
◊ Features Explained
- Overlay Mode
To view entry values and Alert signals.
Indicator Mode
To view the inner workings.
Three RMI's
with separately adjustable HIGH / LOW levels.
Trend adjustment
Daily Upwards or Downwards trend ? This levels it !
Pyramiding
Up to 9, because that’s more than enough.
Ignore first entries
To get only the very best entries.
Take Profit
For Locking in profits.
Stop Loss
Failsafe to easy your mind.
Interval between Entries
Makes sure Entries are spaced apart to ensure each entry represents a moment.
Multiring Fix
No Jitter. If a signal fired it sticks to firing once, and doesn’t disappear mysteriously.
Alert signal Seperation
When two or more Stoploss or Takeprofit signals happen simultaneously,
the close signal lengthens to the amount of signals
So the alert can be set up to close 1 per bar.
This allows you to use only 4 Alerts per Bot running.
Release Notes
Disabled [ Ignore First Entries ] Function, until bug is found.Release Notes
.◊ Adjustments
- New CMYK Colorspace.
- Delay for entries on jumps.
- Ignores Entries that are below initial entry, or below jump resistance value.
- Altered settings for BTCUSD usage.
◊ Community
Looking for good settings ?
CMYK :: discord.gg/cbn628H
Release Notes
. Rollback until update.
Release Notes
.◊ Adjustments
- Strategy Type Selection Margin/Regular
- Updated Inputs layout
- Added Beta Correction
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact MVPMC for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Want to use this script on a chart?
Warning: please read before requesting access.
MVPMC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.