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Multiple Instrument Automation ScreenerI have developed a Pine Script indicator on TradingView designed to demonstrate how to automate execution for ten instruments. This example utilizes a straightforward, Simple Moving Average (SMA) indicator. You can use it as a template, but use your indicator. The indicator computes long/short signals based on the crossing of the SMA using the security function It acts as a screener, presenting calculation results in an organized table format. Utilizing the varip variable, the indicator sends alerts for multiple instruments sequentially rather than simultaneously. For every generated signal, the indicator builds and sends a JSON execution command to a third-party tool, ensuring seamless integration and automation. You can use your own format. Sent alerts look like this: {"ticker": "DOGEBTC","action": "buy","price": "0.00000199","time": "1719754620658"} Details and Limitations Instrument Limit: The example is configured for ten instruments for simplicity. However, it can be expanded to handle up to 40 instruments. Alert Rate Limit: There is a rate limit of 15 alerts in 3 minutes. Exceeding this limit may cause some alerts to be stopped. This can be managed by tracking the alert times and delaying some alerts, though this may affect the entry prices. Timing of Signal Generation : The indicator processes signals at the bar close to the active instrument. Due to its computational complexity, there is a slight delay in collecting all records, potentially causing signals to reflect a few seconds before the bar closes. Care should be taken when executing based on these signals. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ indicator
by QuantNomad
[Round Numbers] Signal Clean Up Analysis with Backtest (TSO)Round Numbers NEW GEN indicator! =========================================================================== =========================================================================== This is a full-cycle trading system indicator - it will show and alert each step of the trade from open to close. The algorithm here uses Round Numbers for generating signals, TP (Take Profit) and SL (Stop Loss) levels. Round numbers play big role in trading and can easily become strong support and resistance levels where price can bounce and go the opposite way or go through with a very nice run afterwards. In addition there is a chained (NOTE: You can select several or ALL of the features, this is not limited to either one) signal cleanup and analysis approach with scheduling and alerting capabilities. Works with most popular timeframes: 1M, 3M, 5M, 15M, 30M, 1H, 4H, D. NOTE: Every action of the trade is calculated on a confirmed closed candle bar state (barstate.isconfirmed), so the indicator will never repaint! NOTE: At position open - there will be calculated Take-Profit and Stop-Loss targets, however each target is considered hit, when candle bar closes breaking that target, so Take-Profit and Stop-Loss when hit will slightly differ then what you see at trade/position open. =========================================================================== =========================================================================== Round Numbers up|down unit setting and overall explanation --------------------------------------------------------------------------- Round Number up|down unit: is the distance between round numbers on the chart. Since these round number levels are also used by the algorithm to open/close trades, it is important to set this setting to a logical number, which will correspond to an average price movement of the instrument. Here are some examples for a few popular instruments on what will the default 1 round number unit correspond to and what would be suggested: BTCUSD > $1 (this won't work for Bitcoin, try at least $100 - 100units) SPY: > $1 (one of the best settings for SPY or QQQ, 50cents shows good results as well - 0.5units) FOREX (all major pairs): > 10PIPs (that may be a bit small, unless scalping, try 50PIPs - 5units) =========================================================================== =========================================================================== Explanation of all the Features | Strategy Configuration Guide | Indicator Settings | Signal Cleanup Analysis --------------------------------------------------------------------------- >>> Customizable Backtesting for a specific date range, results via TradingView strategy, which includes “Deep Backtesting” for largest amounts of data on trading results. >>> Trading Schedule with customizable trading daily time range, automatic closing/alert trades before Power Hour or right before market closes or leave it open until next day. >>> 3 Trading Systems. >>> Static/Dynamic/Trailing Take-Profit and Stop-Loss setups (HIGHLIGHT: Stop-Loss will be moved to Entry after TP1 is taken or a smart trailing Stop-Loss can be used with Stop-Loss dynamically following the trade to minimize risk). >>> Single or Multiple profit targets (up to 5). >>> Take-Profit customizable offset feature (set your Take-Profit targets slightly before everyone is expecting it!). >>> Candle bar signal analysis (matching candle color, skip opposite structured and/or doji candle uncertain signals). >>> Additional analysis of VWAP/EMA/ATR/EWO (Elliot Wave Oscillator)/Divergence MACD+RSI/Volume signal confirmation (clean up your chart with indicator showing only the best potential signals!). >>> Advanced Alerts setup, which can be potentially setup with a trading bot over TradingView Webhook (NOTE: This will require advanced programming knowledge). =========================================================================== Labels, plots, colors explanations: --------------------------------------------------------------------------- >>>>> LONG open: green "house" looking arrow below candle bar. >>>>> SHORT open: red "house" looking arrow above candle bar. >>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles). >>>>> LONG/SHORT stop-loss target: green/red + crosses. >>>>> LONG/SHORT take-profit hits: green/red diamonds. >>>>> LONG/SHORT stop-loss hits: green/red X-crosses. >>>>> LONG/SHORT EOD (End of Day | Intraday style) close (profitable trade): green/red squares. >>>>> LONG/SHORT EOD (End of Day | Intraday style) close (loss trade): green/red PLUS(+)-crosses. =========================================================================== Date Range and Trading Schedule Settings --------------------------------------------------------------------------- >>>>> Date Range: Select your start and/or end dates (uncheck “End” for indicator to show results up to the very moment and to use for LIVE trading) for backtesting results, if not using backtesting – uncheck “Start”/“End” to turn it off. >>>>> Use TradingView “Strategy Tester” to see backtesting results NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case you will need to manually check “Start”/“End” dates or use “Depp Backtesting” feature! >>>>> Trading Schedule: This is where you can setup Intraday Session or any custom session schedule you wish. Turn it ON. Select trading hours. Select EOD (End of Day) setting (NOTE: If it will be OFF, the indicator will assume you are holding your position open until next day!). Please note the EOD trade closure times with the 2 different Intraday close settings when turned on: At Market Close: 1/3/5min > will close at 15:55pm ET 15min > will close at 15:45pm ET 30min > will close at 15:30pm ET 45min > will close at 15:45pm ET 60min > will close at 15:00pm ET Before Power Hour: 1/3/5min > will close at 15:00pm ET 15min > will close at 15:00pm ET 30min > will close at 15:00pm ET 45min > will close at 15:00pm ET 60min > will close at 15:00pm ET >>> Trading Systems: 1) "Open Until Closed by TP or SL": the signal will only open a trade if no trades are currently open/trunning, a trade can only be closed by Take Profit, Stop Loss or End of Day close (if turned on) | 2) "Open Until Closed by TP or SL + OCA": Same as 1), but if there is an opposite signal to the trade which is currently open > it will immediately be closed with new trade open or End of Day close (if turned on) | 3) "OCA (no TP or SL)": There are is Take Profit or Stop Loss, only an opposite signal will close current trade and open an opposite one or End of Day close (if turned on). >>> Turn On/Off: Current Position SL + Opposite Position Open Signal on the same closing candle bar (If current trade hits Stop-Loss and at that same closing candle bar there is a signal for an opposite direction trade > indicator will close current position as Stop-Loss and immediately open an opposite position). NOTE: With this option turned on, there will be more trades, but not necessarily better results, since after Stop-Loss is hit, it may make sense to wait a little before opening an opposite trade, even if it matches the condition at the same time when Stop-Loss is hit, but sometimes it shows great results, so this setting/feature is included. NOTE: This setting only will work/make sense with TP and SL style/behavior both be set to "Fully Closed Candle"! >>> Turn On/Off: Turn On/Off: Current Position REGULAR SL | Only the SL + Opposite Position Open will trigger if turned on, IF NOT - THERE WILL BE NO STOP-LOSS AT ALL!!! NOTE: It is very dangerous to trade without Stop-Loss! >>>>> Signal Candle Bar consuming Take-Profits - position/trade signal candle bar is big enough to "consume"/close ahead the first TP setting > the signal can either be skipped, or all Take-Profit areas pushed ahead using smart formula) >>>>> MULTIPROFIT | TP (Take-Profit) System: 1) Static – Once the trade is open, all Take-Profit target(s) are immediately calculated and set for the trade > once the target(s) is hit > trade will be partially closed (if candle bar closes beyond several Take-Profit targets > trade will be reduced accordingly to the amount of how many Take-Profit targets were hit) ||| 2) Dynamic – Once the trade is open, only the 1st Take-Profit target is calculated, once the 1st Take-Profit is hit > next Take-Profit distance is calculated based on the distance from trade Entry to where 1st Take-Profit was taken, once 2nd Take-Profit is taken > 3rd Take-Profit is calculated per same logic, these are good for price momentum as with price speeding up – profits increase as well! >>>>> MULTIPROFIT: SL (stop loss) System | Static: SL is set at position open and remains such; Dynamic: Once ANY TP is taken > SL will be moved to Entry; Trailing: SL will be moved along the position (smart trailing stop-loss), at TP1 taken > SL moves to Entry, at TP2 taken > SL moves to TP1, at TP3 taken > SL moves to TP2 and so on. >>>>> # of TPs (number of take profit targets): Just like it is named, this is where you select the number of Take-Profit targets for your trading system (NOTE: If "OCA (no TP or SL)" Trading System is selected, this setting won’t do anything, since there are no TP or SLs for that system). >>>>> TP(s) offset: This is a special feature for all Take-Profit targets, where you can turn on a customizable offset, so that if the price is almost hitting the Take-Profit target, but never actually touches it > you will capture it. This is good to use with HHLL (Highest High Lowest Low), which is pretty much a Support/Resistance as often the price will nearly touch these strong areas and turn around… =========================================================================== Dynamic/Static/Trailing Take-Profit and Stop-Loss visual examples: --------------------------------------------------------------------------- 1) Fully Static Take-Profit and Stop-Loss This one is a fully static setup for both Take-Profit and Stop-Loss, you can also observe how trade is closed right before the Power Hour (trade can be closed right before Power Hour or right before Market Closes or left overnight as desired). 2) Static/Dynamic, Static Take-Profit and Dynamic Stop-Loss You can see a static Take-Profit set at position open, while Stop-Loss moves to Entry once TP1 target is taken. 3) Static/Trailing, Static Take-Profit and Trailing Stop-Loss In here with each Take-Profit taken, Stop-Loss moves along the trade to previous Take-Profit level, you can notice how stop-loss literally follows the trade and reduces the potential loss. 4) Dynamic/Trailing, Dynamic Take-Profit and Trailing Stop-Loss See how Take-Profit distances increase with price momentum. Just like in previous example - Trailing Stop-Loss is following the trade and reducing the riks. =========================================================================== Signal Analysis and Cleanup Settings --------------------------------------------------------------------------- >>>>> Candle Analysis | Candle Color signal confirmation: If closed candle bar color does not match the signal direction > no trade will be open. >>>>> Candle Analysis | Skip opposite candle signals: If closed candle bar color will match the signal direction, but candle structure will be opposite (for example: bearish green hammer, long high stick on top of a small green square) > no trade will be open. >>>>> Candle Analysis | Skip doji candle signals: If closed candle bar will be the uncertain doji > no trade will be open. >>>>> Divergence/Oscillator Analysis | EWO (Elliot Wave Oscillator) signal confirmation: LONG will only be open if at signal, EWO is green or will be at bullish slope (you can select which setting you desire), SHORT if EWO is red or will be at bearish slope. >>>>> Divergence/Oscillator Analysis | VWAP signal confirmation: LONG will only be open if at signal, the price will be above VWAP, SHORT if below. >>>>> Divergence/Oscillator Analysis | Moving Average signal confirmation: LONG will only be open if at signal, the price will be above selected Moving Average, SHORT if below. >>>>> Divergence/Oscillator Analysis | ATR signal confirmation: LONG will only be open if at signal, the price will be above ATR, SHORT if below. >>>>> Divergence/Oscillator Analysis | RSI + MACD signal confirmation: LONG will only be open if at signal, RSI + MACD will be bullish, SHORT if RSI + MACD will be bearish. >>>>> Volume signal confirmation: LONG/SHORT will only be opened with strong Volume matching the signal direction, by default, strong Volume percentage is set to 150% and weak to 50%, but you can change it as you desire. =========================================================================== ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| TP System - VERY IMPORTANT INFO! ------------------------------------------------------------------------------------------------------------------- "TP PERCENTAGE" - amount by which current trade/position needs to be reduced/partially closed/sold. ------------------------------------------------------------------------------------------------------------------- TP System: Dynamic "TP PERCENTAGE" - will always be the same amount (trade/position size divided by the # of take-profit(TP) targets) and percentage to be closed will always be of the ORIGINAL trade/position. ------------------------------------------------------------------------------------------------------------------- TP System: Static "TP PERCENTAGE" - will always be the same amount IF take-profit(TP) targets are hit 1-by-1 (TP1 > TP2 > TP3 > TP4 > TP5), otherwise it will vary and unless it is a 1st take-profit(TP1), the REMAINING trade/position size will always be smaller than original and therefore the percentage to be closed will always be of the REMAINING trade/position and NOT the original one! ------------------------------------------------------------------------------------------------------------------- "TP PERCENTAGE" CheatSheet (these are the only percentages you may see) ----------------------------------------------------------------------- TP PERCENTAGE---Close/Sell Amount-------------Example (trade size: 50 stocks) 20%-------------trade size * 0.2--------------50 * 0.2 = 10 stocks 25%-------------trade size * 0.25-------------50 * 0.25 = 12.5(~13) stocks 34%-------------trade size * 0.34-------------50 * 0.34 = 17 stocks 40%-------------trade size * 0.4--------------50 * 0.4 = 20 stocks 50%-------------trade size * 0.5--------------50 * 0.5 = 25 stocks 60%-------------trade size * 0.6--------------50 * 0.6 = 30 stocks 66%-------------trade size * 0.66-------------50 * 0.66 = 33 stocks 75%-------------trade size * 0.75-------------50 * 0.75 = 37.5(~38) stocks 80%-------------trade size * 0.8--------------50 * 0.8 = 40 stocks 100%------------trade size--------------------50 = 50 stocks ----------------------------------------------------------------------- If for any reason a portion of the current/remaining trade closed at such occurrence was slightly wrong, it is not an issue. Such occurrences are rare and with slight difference in partial TP closed is not significant to overall performance of our algorithms. ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| *** ||||||||||||||||||||||||||||||||||| Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot) --------------------------------------------------------------------------- Here is how a LONG OPEN alert looks like. NOTE: Each label , , etc. is customizable, you can change the text of it within indicator Input settings. ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> COIN: BTCUSD TIMEFRAME: 15M LONG: OPEN ENTRY: 20000 TP1: 20500 TP2: 21000 TP3: 21500 TP4: 22500 TP5: 23500 SL: 19000 Leverage: 0 --------------------------------------------------------------------------- Here is how a TP1 alert will look with 5 TPs breakdown of the trade. NOTE1: Next to TP1 taken it will show at which price it was triggered. NOTE2: Next to "TP Percentage" it shows how much of the CURRENT/ACTIVE/REMAINING trade needs to be closed. NOTE2: If TP2/3/4/5 comes before TP1 - the alert will tell you exactly how many percent of the trade needs to be closed! ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> COIN: BTCUSD TIMEFRAME: 15M LONG: TP1 TP1: 20500 TP Percentage: 20% --------------------------------------------------------------------------- Here is how an alert will look for LONG - STOP-LOSS. ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> COIN: BTCUSD TIMEFRAME: 15M ENTRY: 20000 LONG: SL SL: 19000 --------------------------------------------------------------------------- Here is how an alert will look for LONG - EOD (End of Day) In Profit close. ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> COIN: BTCUSD TIMEFRAME: 15M LONG: EOD-Close (profit) ENTRY: 20000 EOD-Close: 21900 =========================================================================== Adding Alerts in TradngView --------------------------------------------------------------------------- -Add indicator to chart and make sure the correct strategy is configured (check Backtesting results) -Right-click anywhere on the TradingView chart -Click on Add alert -Condition: Select this indicator by it’s name -Immediately below, change it to "alert() function calls only", as other wise there will be 2 alerts for every alert! -Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered) -Alert name: Whatever you desire -Hit “Create” -Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings! =========================================================================== If you have any questions or issues with the indicator, please message me directly via TradingView. --------------------------------------------------------------------------- Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!) --------------------------------------------------------------------------- NOTE: There seems to be a strange glitch when strategy is running live, it will show "double-take" take-profits labels on the chart. This is not affecting the script logic and backtesting results, if you simply change the timeframe real quick to something else then back - it will no longer show the duplicate orders... this must be some sort of a glitch as every alert was thoroughly tested to make sure everything is working!
Pine Script™ strategy
by tso_trade
5
[Volume Profile] Signal Clean Up Analysis with Backtest (TSO) This is a full-cycle trading system indicator, which uses Volume Profile for generating signals using a custom developed algorithm, TP (Take Profit) and SL (Stop Loss) levels. There are 2 SOURCES for signals (each can be used separately or both can be used at the same time, each signal SOURCE is using Volume Profile levels to open optimal trade direction) with chained (NOTE: You can select several or ALL of the features, this is not limited to either one) signal cleanup and analysis approach with scheduling and alerting capabilities. Works with most popular timeframes: 1M, 5M, 15M, 1H, 4H, D, great for intraday trading! NOTE: Every calculation is done on a confirmed closed candle bar state, so the indicator will never repaint! =========================================================================== Explanation of all the Features | Configuration Guide | Indicator Settings | Signal Cleanup Analysis --------------------------------------------------------------------------- >>> Customizable Backtesting for a specific date range, results via TradingView strategy, which includes “Deep Backtesting” for largest amounts of data on trading results. >>> Trading Schedule with customizable trading daily time range, automatic closing/alert trades before Power Hour or right before market closes or leave it open until next day. >>> 3 Trading Systems. >>> Multiple Signal SOURCEs for opening trades, either SOURCE can be used or both at the same time! >>> Static/Dynamic Stop-Loss setups (HIGHLIGHT: Stop-Loss will be moved to Entry after TP1 is taken, which minimizes risk). >>> Single or Multiple profit targets (up to 3). >>> Take-Profit customizable offset feature (set your Take-Profit targets slightly before everyone is expecting it!). >>> Candle bar signal analysis (matching candle color, skip opposite structured and/or doji candle uncertain signals). >>> Additional analysis of VWAP/EMA/ATR/EWO (Elliot Wave Oscillator)/Divergence MACD+RSI/Volume signal confirmation (clean up your chart with indicator showing only the best potential signals!). >>> Advanced Alerts setup, which can be potentially setup with a trading bot over TradingView Webhook (NOTE: This will require advanced programming knowledge). =========================================================================== Labels, plots, colors explanations: --------------------------------------------------------------------------- >>>>> Signal SOURCE(s): Green/Red arrows, which will be shown unconditionally, outside of trade engine and can be hidden if desired. >>>>> LONG open: green "house" looking arrow below candle bar. >>>>> SHORT open: red "house" looking arrow above candle bar. >>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles). >>>>> LONG/SHORT take-profit hits: green/red diamonds. >>>>> LONG/SHORT stop-loss target: green/red + crosses. >>>>> LONG/SHORT stop-loss hits: green/red X-crosses. >>>>> LONG/SHORT EOD close (profitable trade): green/red squares. >>>>> LONG/SHORT EOD close (loss trade): green/red PLUS(+)-crosses. =========================================================================== Date Range and Trading Schedule Settings --------------------------------------------------------------------------- >>>>> Date Range: Select your start and/or end dates (uncheck “End” for indicator to show results up to the very moment and to use for LIVE trading) for backtesting results, if not using backtesting – uncheck “Start”/“End” to turn it off. >>>>> Use TradingView “Strategy Tester” to see backtesting results NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case you will need to manually check “Start”/“End” dates or use “Depp Backtesting” feature! >>>>> Trading Schedule: This is where you can setup Intraday Session or any custom session schedule you wish. Turn it ON. Select trading hours. Select EOD (End of Day) setting (NOTE: If it will be OFF, the indicator will assume you are holding your position open until next day!). >>> Trading Systems: 1) "Open Until Closed by TP or SL": the signal will only open a trade if no trades are currently open/trunning, a trade can only be closed by Take Profit, Stop Loss or End of Day close (if turned on) | 2) "Open Until Closed by TP or SL + OCA": Same as 1), but if there is an opposite signal to the trade which is currently open > it will immediately be closed with new trade open or End of Day close (if turned on) | 3) "OCA (no TP or SL)": There are is Take Profit or Stop Loss, only an opposite signal will close current trade and open an opposite one or End of Day close (if turned on) >>>>> MULTIPROFIT | TP (Take-Profit) System: Once the trade is open, all Take-Profit target(s) are immediately calculated and set for the trade > once the target(s) is hit > trade will be partially closed (if candle bar closes beyond several Take-Profit targets > trade will be reduced accordingly to the amount of how many Take-Profit targets were hit) >>>>> MULTIPROFIT | SL (Stop-Loss) System: 1) Static – Once the trade is open, Stop-Loss is calculated and set for the remaining of the trade ||| 2) Dynamic – At trade open, Stop-Loss is calculated and set the same way, however once 1st Take-Profit is taken > Stop-Loss is moved to Entry, reducing the risk. >>>>> # of TPs (number of take profit targets): Just like it is named, this is where you select the number of Take-Profit targets for your trading system (NOTE: If "OCA (no TP or SL)" Trading System is selected, this setting won’t do anything, since there are no TP or SLs for that system). >>>>> TP(s) offset: This is a special feature for all Take-Profit targets, where you can turn on a customizable offset, so that if the price is almost hitting the Take-Profit target, but never actually touches it > you will capture it. This is good to use with HHLL (Highest High Lowest Low), which is pretty much a Support/Resistance as often the price will nearly touch these strong areas and turn around… =========================================================================== Take-Profit and Stop-Loss visual example: --------------------------------------------------------------------------- 1) A simply nice intraday trading day for SPY (S&P500 ETF TRUST) with a single Take-Profit target on each trade. See how Take-Profit distances increase with price momentum and how Stop-Loss is following the trade reducing the risk! 2) Same intraday trading day for SPY (S&P500 ETF TRUST) with 3 Take-Profit targets with static Stop-Loss. 3) Same intraday trading day for SPY (S&P500 ETF TRUST) with 3 Take-Profit targets with dynamic Stop-Loss. You can see how Stop-Loss was moved once TP1 is taken! =========================================================================== Trade Analysis and Cleanup Settings --------------------------------------------------------------------------- >>>>> Candle Analysis | Candle Color signal confirmation: If closed candle bar color does not match the signal direction > no trade will be open. >>>>> Candle Analysis | Skip opposite candle signals: If closed candle bar color will match the signal direction, but candle structure will be opposite (for example: bearish green hammer, long high stick on top of a small green square) > no trade will be open. >>>>> Candle Analysis | Skip doji candle signals: If closed candle bar will be the uncertain doji > no trade will be open. >>>>> Divergence/Oscillator Analysis | EWO (Elliot Wave Oscillator) signal confirmation: LONG will only be open if at signal, EWO is green or will be at bullish slope (you can select which setting you desire), SHORT if EWO is red or will be at bearish slope. >>>>> Divergence/Oscillator Analysis | VWAP signal confirmation: LONG will only be open if at signal, the price will be above VWAP, SHORT if below. >>>>> Divergence/Oscillator Analysis | Moving Average signal confirmation: LONG will only be open if at signal, the price will be above selected Moving Average, SHORT if below. >>>>> Divergence/Oscillator Analysis | ATR signal confirmation: LONG will only be open if at signal, the price will be above ATR, SHORT if below. >>>>> Divergence/Oscillator Analysis | RSI + MACD signal confirmation: LONG will only be open if at signal, RSI + MACD will be bullish, SHORT if RSI + MACD will be bearish. >>>>> Volume signal confirmation: LONG/SHORT will only be open if closing candle volume is 150% above average Volume based on the Volume Length. =========================================================================== Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot) --------------------------------------------------------------------------- Here is how a LONG OPEN alert looks like (each label is customizable + I can add up more items/labels if needed): COIN: BTCUSD TIMEFRAME: 15M LONG: OPEN ENTRY: 20000 TP1: 20500 TP2: 21000 TP3: 21500 SL: 19000 Leverage: 0 =========================================================================== Adding Alerts in TradngView --------------------------------------------------------------------------- -Right-click anywhere on the TradingView chart -Click on Add alert -Condition: Select this indicator by it’s name -Alert name: Whatever you want -Hit “Create” -Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings! =========================================================================== If you have any questions or issues with the indicator, please message me directly via TradingView. --------------------------------------------------------------------------- Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!)
Pine Script™ strategy
by tso_trade
3
[SMA Cross + HHLL] Signal Clean Up Analysis with Backtest (TSO) This is a DEMO indicator with a simple 2 SMAs cross for signals + HHLL for TP/SL. It mainly demonstrates chained (NOTE: You can select several or ALL of the features, this is not limited to either one) signal cleanup and analysis approach with scheduling and alerting capabilities. Works with most popular timeframes: 1M, 5M, 15M, 1H, 4H, D. =========================================================================== Here are some pre-set examples with nice Backtesting results (try em out!): --------------------------------------------------------------------------- >>> Indexes – SPY (INTRADAY SETUP ): Timeframe: 5M | Trading Schedule: ON, 10:00-15:45 ET, EOD: At Market Close | Trading System: Open Until Closed by TP or SL | MULTIPROFIT: TP (take profit) System: Dynamic | MULTIPROFIT: SL (stop loss) System (This is only for “Dynamic” TP System ONLY!!!): Dynamic | # of TPs: 5 | Skip opposite candle types in signals, which are opposite to direction of candle color (for example: bearish green hammer) | Everything else: Default >>> Bitcoin – BTCUSD (24/7 SETUP): Timeframe: 1H | Trading Schedule: OFF, End of Day (EOD): OFF | Trading System: Open Until Closed by TP or SL | MULTIPROFIT: TP (take profit) System: Dynamic | MULTIPROFIT: SL (stop loss) System (This is only for “Dynamic” TP System ONLY!!!): Dynamic | # of TPs: 3 | TP(s) Offset: on, TP(s) offset amount: 50 | ATR confirmation | Everything else: Default =========================================================================== Explanation of all the Features | Configuration Guide | Indicator Settings --------------------------------------------------------------------------- --------------------------------------------------------------------------- Signal cleanup analysis: --------------------------------------------------------------------------- >>> Customizable Backtesting for a specific date range, results via TradingView strategy, which includes “Deep Backtesting” for largest amounts of data on trading results. >>> Trading Schedule with customizable trading daily time range, automatic closing/alert trades before Power Hour or right before market closes or leave it open until next day. >>> 3 Trading Systems. >>> Static/Dynamic Take-Profit setups (HILIGHT: momentum catch dynamic Take-Profit approach). >>> Static/Dynamic Stop-Loss setups (HIGHLIGHT: smart trailing Stop-Loss which minimizes risk). >>> Single or Multiple profit targets (up to 5). >>> Take-Profit customizable offset feature (set your Take-Profit targets slightly before everyone is expecting it!). >>> Candle bar signal analysis (skip opposite structured and/or doji candle uncertain signals). >>> Additional analysis of VWAP/EMA/ATR/EWO (Elliot Wave Oscillator)/Divergence MACD+RSI signal confirmation (clean up your chart with indicator showing only the best potential signals!). >>> Advanced Alerts setup, which can be potentially setup with a trading bot over TradingView Webhook (NOTE: This will require advanced programming knowledge). >>> Customize your signal SOURCE and your Take-Profit/Stop-Loss SOURCES as you desire. =========================================================================== Labels, plots, colors explanations: --------------------------------------------------------------------------- >>>>> Signal SOURCE: SMA crossings (green and red BIG circles) . >>>>> Take-profit/Stop-loss SOURCE: HHLL (Highest High Lowest Low) . >>>>> LONG open: green arrow below candle bar. >>>>> SHORT open: red arrow above candle bar. >>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles). >>>>> LONG/SHORT take-profit hits: green/red diamonds. >>>>> LONG/SHORT stop-loss target: green/red + crosses. >>>>> LONG/SHORT stop-loss hits: green/red X-crosses. >>>>> LONG/SHORT EOD close (profitable trade): green/red squares. >>>>> LONG/SHORT EOD close (loss trade): green/red PLUS(+)-crosses. =========================================================================== Date Range and Trading Schedule Settings --------------------------------------------------------------------------- >>>>> Date Range: Select your start and/or end dates (uncheck “End” for indicator to show results up to the very moment and to use for LIVE trading) for backtesting results, if not using backtesting – uncheck “Start”/“End” to turn it off. --------------------------------------------------------------------------- >>>>> Use TradingView “Strategy Tester” to see backtesting results --------------------------------------------------------------------------- NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case you will need to manually check “Start”/“End” dates or use “Depp Backtesting” feature! --------------------------------------------------------------------------- >>>>> Trading Schedule: This is where you can setup Intraday Session or any custom session schedule you wish. Turn it ON. Select trading hours. Select EOD (End of Day) setting (NOTE: If it will be OFF, the indicator will assume you are holding your position open until next day!). >>>>> Trading System: 1) Open Until Closed by TP or SL – once the trade is open, it can only be closed by Take-Profit, Stop-Loss or at EOD (if turned on) ||| 2) OCA – Opposite Trade will Open Closing Current Trade – Same as 1), except that when and if an OPPOSITE signal is received > indicator will close current trade immediately (profit or loss) and open a new one(NOTE: This will only happen with an OPPOSITE direction trade!) ||| 3) Open Until Opposite Signal or EOD (if turned on) – This approach is the simplest one, there are no Take-Profits or Stop-Losses, the trade is open until an OPPOSITE signal is received or until EOD (if turned on). Take-Profit, Stop-Loss and Multi-Profit Settings >>>>> MULTIPROFIT | TP (Take-Profit) System: 1) Static – Once the trade is open, all Take-Profit target(s) are immediately calculated and set for the trade > once the target(s) is hit > trade will be partially closed (if candle bar closes beyond several Take-Profit targets > trade will be reduced accordingly to the amount of how many Take-Profit targets were hit) ||| 2) Dynamic – Once the trade is open, only the 1st Take-Profit target is calculated, once the 1st Take-Profit is hit > next Take-Profit distance is calculated based on the distance from trade Entry to where 1st Take-Profit was taken, once 2nd Take-Profit is taken > 3rd Take-Profit is calculated per same logic, these are good for price momentum as with price speeding up – profits increase as well! NOTE: Below 2 settings, each correspond to only 1 setting of the TP (Take-Profit) System, please pay attention to the above TP system setting before changing SL settings! >>>>> MULTIPROFIT | SL (Stop-Loss) System : 1) Static – Once the trade is open, Stop-Loss is calculated and set for the remaining of the trade ||| 2) Dynamic – At trade open, Stop-Loss is calculated and set the same way, however once 1st Take-Profit is taken > Stop-Loss is moved to Entry, reducing the risk. >>>>> MULTIPROFIT | SL (Stop-Loss) System : 1) Static - Once the trade is open, Stop-Loss is calculated and set for the remaining of the trade ||| 2) Dynamic – At trade open, Stop-Loss is calculated and set the same way, however with each Take-Profit taken, Stop-Loss will be moved to previous Take-Profit (TP1 taken > SL:Entry | TP2 taken > SL:TP1 | TP3 taken > SL:TP2 | TP4 taken > SL:TP3 | TP5 taken > trade closed), this is basically a smart Stop-Loss trailing system! >>>>> # of TPs (number of take profit targets): Just like it is named, this is where you select the number of Take-Profit targets for your trading system (NOTE: If “3) Open Until Opposite Signal or EOD (if turned on)” Trading System is selected, this setting won’t do anything, since there are no TP or SLs for that system). >>>>> TP(s) offset: This is a special feature for all Take-Profit targets, where you can turn on a customizable offset, so that if the price is almost hitting the Take-Profit target, but never actually touches it > you will capture it. This is good to use with HHLL (Highest High Lowest Low), which is pretty much a Support/Resistance as often the price will nearly touch these strong areas and turn around… --------------------------------------------------------------------------- Dynamic/Static Take-Profit and Stop-Loss visual examples: 1) Fully Dynamic Take-Profit and Stop-Loss setup for BTCUSD See how Take-Profit distances increase with price momentum and how Stop-Loss is following the trade reducing the risk! 2) Static/Dynamic, Static Take-Profit and Dynamic Stop-Loss setup for SPY (S&P500 ETF TRUST) You can see a static Take-Profit set at position open, while Stop-Loss is semi-dynamic adjusting to Entry once TP1 target is taken! 3) Fully Static Take-Profit and Stop-Loss setup for SPY (S&P500 ETF TRUST) This one is a fully static setup for both Take-Profit and Stop-Loss, you can also observe how trade is closed right before the Power Hour (trade can be closed right before Power Hour or right before Market Closes or left overnight as you desire). --------------------------------------------------------------------------- Trade Analysis and Cleanup Settings >>>>> Candle Analysis | Candle Color signal confirmation: If closed candle bar color does not match the signal direction > no trade will be open. >>>>> Candle Analysis | Skip opposite candle signals: If closed candle bar color will match the signal direction, but candle structure will be opposite (for example: bearish green hammer, long high stick on top of a small green square) > no trade will be open. >>>>> Candle Analysis | Skip doji candle signals: If closed candle bar will be the uncertain doji > no trade will be open. >>>>> Divergence/Oscillator Analysis | EWO (Elliot Wave Oscillator) signal confirmation: LONG will only be open if at signal, EWO is green or will be at bullish slope (you can select which setting you desire), SHORT if EWO is red or will be at bearish slope. >>>>> Divergence/Oscillator Analysis | VWAP signal confirmation: LONG will only be open if at signal, the price will be above VWAP, SHORT if below. >>>>> Divergence/Oscillator Analysis | Moving Average signal confirmation: LONG will only be open if at signal, the price will be above selected Moving Average, SHORT if below. >>>>> Divergence/Oscillator Analysis | ATR signal confirmation: LONG will only be open if at signal, the price will be above ATR, SHORT if below. >>>>> Divergence/Oscillator Analysis | RSI + MACD signal confirmation: LONG will only be open if at signal, RSI + MACD will be bullish, SHORT if RSI + MACD will be bearish. =========================================================================== Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot) --------------------------------------------------------------------------- Here is how a LONG OPEN alert looks like (each label is customizable + I can add up more items/labels if needed): COIN: BTCUSD TIMEFRAME: 15M LONG: OPEN ENTRY: 20000 TP1: 20500 TP2: 21000 TP3: 21500 SL: 19000 Leverage: 0 =========================================================================== Trade Open Signal SOURCE + Take-Profit/Stop-Loss SOURCE --------------------------------------------------------------------------- >>> Customize your signal SOURCE, Take-Profit and Stop-Loss SOURCE as desired (NOTE: These are pre-configured and should be usable on majority of markets, however feel free to play around with these settings as there is nearly an infinite amount of setups out there! =========================================================================== Adding Alerts in TradngView --------------------------------------------------------------------------- -Right-click anywhere on the TradingView chart -Click on Add alert -Condition: Select this indicator by it’s name -Alert name: Whatever you want -Hit “Create” -Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings! =========================================================================== If you have any questions or issues with the indicator, please message me directly via TradingView. --------------------------------------------------------------------------- Good Luck! (NOTE: Trading is very risky, so please trade responsibly!)
Pine Script™ strategy
by tso_trade
Fishing The Trend - SetupFishing The Trend - Setup HOW Does it work ? The name itself says we must have a trading setup for ease of trading for getting the most from the market. i.e. Combining the most useful indicator under one roof... Fishing The Trend - Setup have following ::- 1) IntraDay Range. 2) Four Friends. 3) Fishing The Trend. 4) Multi Time Frame - Custom VWAP. 5) RSI based SMA. 1) Intraday Range HOW Does it work ? For calculating the average most probable range for any plotted security, it plots 2 bands higher band and a lower band for a particular range using the default ADR. This indicator is on - as default. # Upper and Lower band act as support and resistance , user may see a reversal in trend from these bands # If the price breaks these bands, don't take a trade expecting a reversal # These bands are calculated by averaging the previous x number of days' highs and lows of the security. 2) Four Friends HOW Does it work ? Plotting different EMA for finding the direction of Trend / Market, There are actually 5 EMAs- F1 = 20 EMA, F2 = 50 EMA, F3 = 100EMA, F4= 150, and Trend = 200-EMA. Usually 200 EMA is used to find the trend of market whether bearish / bullish, if market is above 200 ema than we may say its bullish and below 200 ema its bearish. The 50 EMA and 100 EMA works as best pullbacks in the trending market, user can configure as per his trading style and method. This indicator can be changed to multi timeframe as required. User can plot lower time frame data onto higher time or vice-versa for finding better opportunities for early trend detection, also the user have the option to use feature of non-repainting or vice versa. The default Color MA option is un=ticked, means plotting 5 different color EMAs, If the user ticks this feature, the whole 5 EMA color will change into red or orange as per direction of closing candle, user can change color as per his / her color combination. Default plotting time is of 1 min. This second indicator is off by default - user have to tick-it to activate it 3) Fishing The Trend HOW Does it work ? The code uses dynamic current levels to identify trend, This indicator is using SuperTrend, ATR and relatively Smoothened ATR for early trend reversal detection to determine the trend and direction so that a fruitful decision can be made. To Indicate the strength of the trendline, The standard calculations of SuperTrend, along with multiple smoothen ATR results are clubbed determine the direction, a step ahead. However, the indicator is not appropriate for all the situations. It works when the market is trending. Hence it is best to use for short-term technical analysis . SuperTrend uses only the two parameters of ATR and multiplier which are not sufficient under certain conditions to predict the accurate direction of the market. Here in this indicator ATR value is not editable and after long backtests the best ATR value is kept that helps the indicator working very well. The default setting is best for use, but user can customize the Multiplier for his own fine tunings, So once the Levels are matched, a Long / Short suggestion is plotted. Best Time Frames to use : starting from 1, 3, 5, 15, 30 Mins and so on... to determine Trend. Long = L and Short = S. Where and how to use? The main use of this indicator is quick scalping and Intra-day trading. The Indicator shows the option to show Long/Short Signals which the use can be turned on or off. The indicator shows a very useful option for early detection of the ongoing trend whether there will be reversal of trend or not ? Stop Loss - That should be done by following ones risk appetite, Ideally the High of the Previous Candle should be the stop loss for the Long / Short but everyone has their own Risk Management Strategies based on the capital deployed. by default this comes on.. 4) Multi Time Frame - Custom VWAP. HOW Does it work ? VWAP = The volume weighted average price (VWAP) is a trading benchmark used by traders that gives the average price a security has traded at throughout the day, based on both volume and price. It is important because it provides traders with insight into both the trend and value of a security. This indicator is programmed for using vwap for spot indices / securities not having volume calculations but have futures, specially banknifty and nifty of Indian markets. User has option to change the plotting timeframe as per his requirements for checking the trend under vwap or over vwap. The user have to type the equivalent script symbol in the space provided to calculate the vwap of that particular security and plot on the non-volume script. Seems confusing !!!! have a look at example.. eg. - if you have chart of banknifty spot and u want to place vwap on in then just write security name in the blank field banknifty future of continuous contract running month " BANKNIFTY1! " Futures Chart... that's it and u will have futures vwap plotting on spot chart... this can give user a definite idea about the vwap line. User have option to change color of bar and change color of the vwap line which is plotted. By default this comes off.. Note = This indicator changes bar color 5) RSI based SMA HOW Does it work ? # This indicator is for user using RSI, The twist is that not only it uses RSI but also simple moving average, So this makes the user more safe as it is a combination of RSI and SMA. # Multi-colored ----> Green/Red/Yellow user can change ..moving average of choice # user can change overbought / over sold values of RSI as required. The time frame here is fixed. * There is an On/Off Option for each Indicator. Disclaimer : There could be scenarios when the candle is shown as a long or short and then the candle turns into opposite direction red/green. In such scenarios , Please refer to the just preceding candle and the early detection signal and if this candle is moving into positive direction only then go for long, Similarly opposite for Short, the value of multiplier 1.0 is determined using series of back test across various assets with different time frames. User Options : Choice of turning on / off the Long / Short Labels and early detection/StopLoss Option can also be activated or deactivated. Visual Checks - The user could manually validate the back test results on various assets they would like to use this strategy on before putting it live. Usage/Markets : Index Trading / Equities and also well with Commodities and Currencies How to get access Please click on the link / email available in the signature or send me a private message to get access. Feedback Please click on the link/email in the signature or send me a private message for suggestions/feedbacks.
Pine Script™ indicator
by GrowMore_Indicators
26
Spectro™ O by HypesterAre you ready for Hypester's leading technology, the Spectro™ Algorithm? Many people ask what indicators Spectro™ uses, as a matter of fact, it doesn’t use any. Long story short, we used neural network techniques to find patterns studying previous successful movements, and from that, we extracted a formula that has been working out like a charm! It's the brain of our big success Spectro™ M indicator, but now we turned it into an oscillator with MANY options so you can trade anything at any timeframe, no matter what trading style you follow while executing your trades. The brand new Spectro™ Oscillator offers five types of data processing so you can change its behavior to fit your needs best. From scalping to positions that could last months. Symmetric Weight True Strength Normalized Pure Volume Based Also, we offer four types for pivotal leveling, so you can easily find tops, bottoms and trend reversals. Murrey BB Fibonacci Classic Fibonacci It's simple. It's powerful. It's flexible. Trade with Spectro™ and dramatically boost your profits!
Pine Script™ indicator
by spectertrading
TB!G-Scalp Strategy [Alert]Scalping Crypto Assets Made Easy TB!G-Scalp is a TradingView based alert and accompanying strategy PineV3 Script. Backtest vs Realtime When designing the algorithms for this strategy our focus was primarily on ease of use.This results in a beautiful yet easy to use scalping strategy. As input it takes a chart period and only one extra parameter for fine tuning. The backtest results are an accurate representation of it’s real-time behaviour. What makes it tick? Over the last 2 years we collected a lot of market data regarding Bull and Bear behaviours. This previous market behaviour echo’s into the current market trend. By recognising these echo’s we are able to anticipate an upcoming micro reversal which eventually end up being a scalping strategy. Interested Access is provided to a limited amount of people and for the duration that is determined by it’s Alpha Decay Rate. This ADR is expected to become problematic after 2.3 year of usage on a lot of 150 users.
Pine Script™ indicator
by KingRekter
9
TB!G-Scalp Strategy [Backtest]Scalping Crypto Assets Made Easy TB!G-Scalp is a TradingView based alert and accompanying strategy PineV3 Script. Backtest vs Realtime When designing the algorithms for this strategy our focus was primarily on ease of use.This results in a beautiful yet easy to use scalping strategy. As input it takes a chart period and only one extra parameter for fine tuning. The backtest results are an accurate representation of it’s real-time behaviour. What makes it tick? Over the last 2 years we collected a lot of market data regarding Bull and Bear behaviours. This previous market behaviour echo’s into the current market trend. By recognising these echo’s we are able to anticipate an upcoming micro reversal which eventually end up being a scalping strategy. Interested Access is provided to a limited amount of people and for the duration that is determined by it’s Alpha Decay Rate. This ADR is expected to become problematic after 2.3 year of usage on a lot of 150 users.
Pine Script™ strategy
by KingRekter
1