INVITE-ONLY SCRIPT

Moving Average Ribbon Master Strategy

Updated

The following features available in this strategy are listed below. To access, please visit the website in the signature area of this posting.

INTRODUCTION

Robust, fast, trading system
Multiple time frame (MTF) aspects built in everywhere into the strategy
Combines swing, scalp, greedy, volatile trading mechanisms
Works on intraday day time frames as well as Daily and Weekly
Trade sizing, targets, and stops are shown as new trades form and existing trades develop
Alerts warn the trader on all aspects of the trade evolution
Alerts are ready to be used for complete lifecycle automated trading

EMA TRADING

Combining EMAs on a higher time frame than the chart time frame is key
Trade conditions are met on a lower time frame that agree with the EMA ribbon direction

WHY DOES IT WORK?

With the right EMA settings, it is "hard" to generate trades.
The trade direction can easily shift
Successful trade entry triggers require a strong trend
While the EMA trend is positive, longs are taken on pullbacks, opposite for shorts
A basic learning algorithm is used to create a stop behind the trades
Learns over time the best stop offset from the price based on volatility

SWINGS AND SCALPS

Swings and scalps are treated differently.
Swings are the very first trade taken upon a directional shift. This is similar to the DIVINE series trading strategies
Swings are held until stopped out, Scalps always have a target based on the current volatility of the ticker and multiplier
Both swings and scalps start out in the "building" or "forming" phase.
A building phase is triggered when all criteria are met to form a long or short
Both trade types are executed as a market long or short when the ATR execution sensitivity reverses
The current ATR direction can be seen by the colored bars.

TRADING STYLES

Conservative
Aggressive
Greedy
Volatile

TRADE SIZING

Contract/Unit
VIX Multiplier
Percent of Equity
Percent Risk

TRADE INFORMATION

Historical trades show the price target of a scalp and the number of ticks of profit in parenthesis
New trades show all of the extra information surrounding the trade. This can be turned on to show the same information for past trades, but is left off to reduce clutter
Go over trade information categories one-by-one
Recent historical trades have a tooltip loaded to hover over and see the hidden information
Scalp trade is filled the numbered scalp icon shows as a (N)

SESSION WINDOW

Longs and shorts can only receive an execution signal when the ticker is within one of three session options provided

ADJUSTMENT

Last 3 sizing types show the quantity required to enter the trade to meet the parameters
Percent risk automatically adjusts the quantity to meet the risk criteria given the account equity, per trade
The account currency can be changed with will update the quantities automatically
Tick Unit and Value can also be changed if they are not accurate

ALERTS

Alerts for entire trade lifecycle
Full automated trading ready

Release Notes

Added "Trend MA" that is a higher EMA length. This trend MA is defaulted as a green/red MA. Its color changes when the slow MA crosses the trend MA.
Fixed session algorithms.
Updated projected ribbons.
Updated value formatting for labels.
Improved long/short algorithm.

Release Notes

Fixed issue with new update producing errors when loading scripts to charts.
MTF 'isNil' errors resolved.
Fixed "VIX Multiplier" style type not working.
Added trend MA stop logic.

Release Notes

Added "Reversion" Trading Style. More information in instruction manual. This is a major update.
Added trend MA values when the slow/fast flip is in the direction of the trend.
Updated alert conditions for automation trading.
Added 15 second timeframe trading, which corresponds to a 5 minute ribbon.
Minor bugs and formatting issues addressed.

Release Notes

Major updates to "Reversion" trading style.
Major updates to dynamic stop.
Added remainder of alerts for fully automation.

Release Notes

Minor bug fixes.
Separated out "greedy" mode, all trading styles now support greedy mode. See the toggle button in the Strategy Parameters section of the settings.
Greedy quantity added to long and short alerts for automated trading.

Release Notes

Improved mechanics for reversion only type trades.
[*} Minor bug fixes.
Added input function tooltips.

Release Notes

Minor bug fixes updating reversion trades only.

Release Notes

Improved reversion trade entries and trailing stop.
Added minimum reward:risk filter for trades. This filter is designed to prevent trades from executing that do not meet the minimum reward:risk threshold.

Release Notes

Improved target algorithm, better targets for reversion trades.
Improved timing mechanism to deal with futures contract rollovers.
Added "First Long" and "First Short" alerts. These trades are also denoted by bright green/red, respectively, when the trades are in the "building" phase.

Release Notes

Updated first long/short entry conditions.

Release Notes

Added momentum cloud. This is another visual aid to help the end user gauge the strength of buying or selling.
Updated initial stop criteria using momentum cloud as another guide.
Updated total number of displayed trend MAs to 2 instead of 3.

Momentum cloud in picture below as the shaded region below price (bullish) and above price (bearish). The thickness of the cloud can change depending on the strength of the momentum and conviction. The cloud itself can be used as support and resistance. Striking the bottom of the cloud when in a bullish scenario generally flips the cloud to bearish (it moves above the price). Striking the top of the cloud when in a bearish scenario generally flips the cloud to bullish (it moves below the price).

The momentum cloud has been tested for multiple months and works well as another visualization guide. It can be styled in the STYLE tab in the indicator settings.

Release Notes

Updated momentum cloud function to use a random gaussian distribution search function based on recent volatility. This is better suited than a simple random walk.

Release Notes

Updated momentum cloud to use consistent search patterns instead of randomized each time. This prevents a "different look" of the cloud upon each reload due to minor variations.

Release Notes

Minor improvements.

Release Notes

Minor bug fixes.

Release Notes

Filter improvements on first long/short building. Minor bug fixes.

Release Notes

Minor updates and improvements.

Release Notes

Added label that shows a quantity warning during the building phase of any trade. This label is a rough prediction of how many contracts/units/shares will be used at the next trade execution.
Fixed ribbon for H4 and Daily time frames.
Improved trade recognition.

Release Notes

Updated base color scheme for the momentum cloud.

Release Notes

Updated momentum cloud, minor bug fix.

Release Notes

Minor bug fixes dealing with trade execution timing.

Release Notes

Minor updates to initial stop conditions.

Release Notes

Updated initial stop strategy for special edge cases.

Release Notes

Minor improvements to stop algorithm.

Release Notes

Massive update.
Target 2 and target 3 prices introduced. These show up on the "First Trades" long and short
Outer "master stop" introduced that shows up when a "First Long" or "First Short" fires. Use this stop to hold a first trade as long as possible. While this stop is not broken, it is possible for the target 2 or target 3 prices to get filled.
Removed all trading modes except Reversion. Trading modes hidden.
Tooltips added to the target 2 and target 3 icons, as well as the fill icons. Hover over them to see more information on how they are intended to be used. These tooltips guide the trader on the the theoretical profit when taking fractional profit along the way during a "first trade", long or short.
Updated trade tracking logic for pyramiding trading, up to 8 trades can be held simultaneously.

Release Notes

Added 1/100, 1/1000, 1/1000000, 1/1000000000 rounding options for crypto users.

Release Notes

Updated QTY format text for the new rounding types.

Release Notes

Updated title.

Release Notes

Updated to Pine V5.
Added filter option to execute "First" longs and shorts only.
Added automation alerts. This script is now fully capable of automation. See the tooltip notes in the Automation section of the inputs for more information.

Release Notes

Added master stop automation alerts.

Release Notes

Added {{OPPOSITE_SIDE}} keyword for automation alerts.
Updated target 2 algorithm

Release Notes

Added {{ID}} keyword to order execution text alert. This id value is a unique ID integer for every trade.

Release Notes

Fixed quantity string formatting error.

Release Notes

Resolved target gain % rounding issues for small quantities.

Release Notes

Fixed issue with NaN reporting of targets and stops during low volatile moments on 1 second charts.

Release Notes

Changed alert message filled values of "Sell" to "sell" and "Buy" to "buy"

Release Notes

Updated issues where target 2 or target 3 alerts produce "N/A" results
If a first long or first short produce an N/A target 2, the alert will show target 1 instead
If a first long or first short produce an N/A target 3, the alert will show target 2 instead only if the target 2 is not N/A. If the target 2 is also N/A then target 1 will be used instead for the alert.

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 mortdiggiddy 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.

Author's instructions

″Please travel the website homepage to request a trial, or PM @mortdiggiddy in Trading View or Telegram (telegram preferred).

Want to use this script on a chart?

Warning: please read before requesting access.

mortdiggiddy

Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy

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