Get started

Dipbuy

Deviations from ARL (DARL)Similar to Bollinger Bands, this indicator uses standard deviations but from Adaptive Rebound Lines (See: 'ARL'). The adaptiveness of the 'ARL' is further affected by volatility and helps greatly in spotting the possible strength and direction of rebounds. All this information is presented with minimal lag thanks to the rebound qualities of the 'ARL' adapting to market volatility. ----- HOW TO USE IT ----- 1) Use with 1h time frame. 2) Smaller width typically means that price will be moving is smaller movements. 3) Small price movements while the width is increasing typically means that a large price move will occur soon. 4) Larger width typically means that price will be moving in larger movements. 5) Very large width with sideways price typically means that the price will have a bias towards the center. Note: A V-Offset of 1 is also a good setting alternative for this indicator. ----- HOW THIS INDICATOR IS ORIGINAL; WHAT IT DOES AND HOW IT DOES IT ----- This indicator has an original, unique ability in anticipating the strength and direction of a price rebound while at the same time showing the bias of the rebound with minimal lag. It does this by letting the adaptive qualities of the 'ARL' be affected by market volatility, not just by price movement alone. ----- VERSION ----- This indicator is not a variation, replacement, or presentation of the 'ARL' or the 'ARL' Bands -- it merely derives its base calculations for standard deviations from the 'ARL'. However, this indicator affects the calculations of the standard 'ARL' with volatility and creates a new, unique calculation. It thus presents a totally different context for price action. A standard 'ARL' helps in finding possible rebounds but it does not help in finding the strength of them or the directional bias of a rebound. This is because a standard 'ARL' is more negligent of market volatility and adapts to price movement alone. In contrast, this indicator does help in anticipating the strength and direction of the rebound because it adapts deviations from an 'ARL' to market volatility. Therefore, the lines cannot be adjusted individually but in pairs and only further from their respective, mirroring lines.
Pine Script™ indicator
by More-Than-Enough
Bands Bands (BanB)This indicator uses bands to show the trend of other bands. The middle bands are used to show the price trend and the other bands are for the middle bands. The Spike and Plunge bands can also act as a sort of "Bollinger Bands" for middle bands, though not exactly. ----- HOW TO USE IT ----- Zoom out in the 30 minute chart. Use 15 minute chart to pinpoint your entries. Use with price-action trading and with indicators showing overbought & oversold levels. The numbers below correlate with the numbers in the chart. 1) Price hits the Middle Spike line. The "ARL" bands hit the Bottom Spike line. This is a good indication that price will proceed under the Bottom Spike line. 2) Price hits the Bottom Plunge line. The "ARL" bands hit the Middle Plunge line. This is a good indication that price will proceed above the Middle Plunge line. 3) Notice how price spikes up near the Spike lines but doesn't touch. Notice how the Plunge lines have a strong pull downwards. This shows a continued down trend. 4) The same pattern as numbers 2 & 3 reoccur. This time, however, the proceeding price spike is substantially lower. 5) The price and middle bands finally bounce off the Top Plunge line and starts to get closer to the Spike bands. 6) Price and middle bands finally touch the Bottom Spike line and the Spike Bands and the Plunge Bands come closer together. 7) Narrowing Spike and Plunge Bands show a sideways market. Notice number 1, the bands are far apart -- more volatility is present. Middle Bands: The bottom, blue lines are fairly accurate dip-rebounds on the 30 minute chart. Use level indicators to find reversing trends (e.g., RSI, Stoch, etc.). Price action hovering in between the blue lines and around the center indicate a low volatility market or a consolidating market. ----- HOW THIS INDICATOR IS ORIGINAL; WHAT IT DOES AND HOW IT DOES IT ----- This indicator has an original, unique ability to view the trend of bands in a substantially larger overview when zoomed out. Normally, one would have to switch to higher time frames to get a sense of a larger market trend. However, doing so will change any bands indicator to accommodate the new price action in relation to the new time frame. To avoid this, the middle bands are placed in between two bands to see the trend of the bands that show the trend of price action. ----- VERSION ----- The "ARL Bands" in this indicator are NOT the same as the "ARL Bands" indicator. They are "ARLs" set in an entirely different context, format, and amount and so does not constitute as a different version of "ARL Bands". The "ARL Bands" indicator only has 4 lines and can be adjusted to any level. They are mainly focused on rebounds at desired levels. The 13 "ARLs" here cannot be adjusted and are mainly focused on anticipating/calculating probabilities of peak and dip rebounds. If any discrepancy should arise, let it be stated here that the "ARLs" in this indicator are considered to be a forked codebase to conserve the functionality of "ARL Bands". This is proven by the differences described underneath "VERSION", which is located 7 lines above.
Pine Script™ indicator
by More-Than-Enough
3
RSI Trend Veracity (RSI TV)The RSI only plots itself between a high and a low value. It does not show its bullish/bearish sentiment. The RSI TV shows the sentiment and helps anticipate the RSI trend but not the price trend. When the Trend Veracity Line is in green, there is bullish sentiment. When it is in red, there is bearish sentiment. The closer the lines get to their extremities, the more the current trend of the RSI is exhausted. It works quite well even in choppy markets. See notes in the picture for more details.
Pine Script™ indicator
by More-Than-Enough
2
QaSH DCA AlgorithmQaSH DCA Algorithm implements a DCA strategy that takes advantage of price volatility by buying dips to average down, and adjusting price targets as the break-even price gets lower. How does the DCA strategy work? When the specified entry condition has occurred, the indicator will set up several limit orders below the current price. If price goes up a specified amount, then the layers will be overwritten at the higher prices. If price goes down and fills the first layer (limit order), then the Take Profit price is plotted and will be sent in an alert. If more layers are filled, then the TP price will move down accordingly as it’s based on the average entry price (alerts on each TP update). This action of lowering the average entry and TP price mitigates your risk, and increases the likelihood of a Take Profit event happening. More entry conditions will be added as time goes on, although complex entry conditions are not necessary for the strategy to work. All the meat of the DCA strategy is in the layer placement, order volume , and TP %. How does this differ from other DCA bots? 1) The layer placements, order volume , and “take profit %” for each layer or “safety order” is much more customizable than what you get from other services. For example, I can choose to have my TP% change, depending on how big the price dip was. Maybe on safety order 1 I want 10% TP, but on safety order 7 might want a 2% TP. 2) Settings optimization. You can take advantage of the replay feature and see how trades would have played out, and how much PnL you would have made (strategy version is coming soon) 3) You can use this indicator on more than just crypto. You can easily set up alerts for manual trades on stocks, or you can integrate it with your stock broker API of choice and automate your trades. 4) When combining this with an automation service, you will get unmatched execution speed by running it on your dedicated machine. 5) I can offer a lifetime subscription to the indicator upon request. What kind of market is it best used on? QaSH DCA Algorithm is best used on cryptocurrencies and stocks, and it is best used on assets that are volatile. That means large swings up and down. Also I recommend running this on many uncorrelated assets at the same time. What settings should I use? The default settings are decent for most markets, and provide a good balance between profit potential and downside protection, although you can use a wide variety of settings. In a strong bull market its best to either bring up your layers to catch smaller dips, or you can go big on the first few layers (maybe 4 layers, 25% on each layer for example). In a sideways or brearish market you'll want more downside protection, so you'll want the larger orders to be at lower prices. What should I do if price goes below my last layer? The best solution is to keep a cash reserve on the side at all times. If price looks like it has reached a low point below your lowest layer, then manually buy more to average down further. This action will help it along and get you in the green sooner. Disclaimer: In order to get a large position in an asset, you need to have most of your layers fill. That means you have to be comfortable with buying more as the price goes down, patiently waiting for the bounce that occurs afterward. This is the working principle of Dollar Cost Averaging, and it's a proven method for most markets.
Pine Script™ indicator
by ParabolicValue
20