FRAMA - Supertrend strategyFRAMA Strategy
I found this strategy on internet, in a well-known forex forum.
I have translated the two indicators mentioned in that strategy (originally in mq4) in pine script.
Thanks to Fractured and Shizaru for the FRAMA snippets, to mejialucas for Supertrend snippet, to JayRogers for trade management snippet and to Trost for backtesting snippet.
I also added some code to have FRAME with a deiiferent timeframe
Indicators set-up:
FRAMA period 24 (it was originally 25 but it's better to use an even number)
FRAMA timefarme lower then chart timeframe (e.g. daily chart and weekly FRAMA)
Supertrend indicator as it is.
Of course, it is better to adapt above setting to traded instrument.
Long/Buy rules:
1 - Enter at crossover between FRAMA and its signal
2 - Option to filter entries based on supertrend signal
3 - Exit when Supertrend change direction;
4 - Exit long when short signal occurs;
Short/Sell rules:
1 - Enter at crossunder between FRAMA and its signal
2 - Option to filter entries based on supertrend signal
3 - Exit when Supertrend change direction;
4 - Exit short when long signal occurs;
VERY IMPORTANT NOTE: this is a trend following strategy, so the target is to stay in the trade as much as possible (drawdown my be high). If your trading style is more focused on scalping and/or pullbaks, this strategy is not for you.
Credits to who developed this startegy (google it).
Thanks to all pinescripters mentined in the code for their snippets.
I have also a study with alerts.
Please use comment section for any feedback or contact me if you need support.
Forex
On Balance Volume with CrossOBV indicator with a few key changes that can turn it into a filter or trading indicator as-is.
Volume calculation given a look-back to help clarify trends without smoothing lag
Change the source (HLC3 indicates a little faster in backtesting)
Smooth the signal if desired
Moving average (MA) added for crossover indication in trend change
MA can be either EMA or HMA**
** My personal use:
EMA for trend filtering trades: Trade long signals if OBV is above the MA, trade short signals if OBV is below the MA.
HMA for scalping and chop: Normally set the HMA to 20 or 15 and trade the crosses. Works on most time frames and generates a lot of noise. 5 min and 15 min seems best for me in day trading
Example of trend trading using only the OBV-C and no other indicators, stops, or trailing stops:
This could obviously be improved using stops, trailing stops, or other indicators to filter when to enter & exit trades or mitigate loss.
Example of trading using the HMA and lower time frames with Elder's Force Index (EFI) used as a filter. Trade with both cross at or very near the same time. Winning trades in green:
Best Volatility Calculator (Multi Instruments)Hello traders
A bit of context
Definition: Volatility is defined as the close of current candle - close of the previous N candle
This is an alternative version of my Best Volatility Calculator
The other version is displayed on a panel below. This one overlays on the chart using the "overlay=true" setting
This indicator shows the average volatility, of last N Periods, for the selected time frames and for 2 selected instruments.
You can select up to 2 timeframes with this version
Presented as Currency, Pip, percentage labels in a panel below.
Will calculate in real-time only for the current instrument on the chart.
The indicator is coded to not be repainting
Example
In the indicator screenshot, I used a lookback period of 1.
That compares the current candle close versus the previous one for the daily and weekly timeframe
Showing how the results look like using FOREX instruments (where using the PIPS labels make more sense than with cryptocurrency assets)
Best regards
Dave
Day of week, Forex FixCalendar to work on instruments that trade a 24 hour day like crypto and forex, also does not display if you are above an intraday time. Main tweak was to end the trading day at 0000 (midnight) instead of 1700 (5pm) NYC time.
This update is geared towards Forex traders, which is why I chose to highlight Wednesday in yellow since that is commonly thought of as a midweek reversal point.
@airscape built a good calendar indicator based on the work of @ChrisMoody, this is really an update to their work and directed towards FX and Crypto
airscape:
ChrisMoody:
Future development:
Toggle for light and dark themes
Adjustment/offset for DLST and local vs/ server time
Additional color bands to denote Asian/London/NYC sessions?
Text label for days instead of color option?
Clean up the code and simplify
BEST Supertrend CCIHello traders
Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index)
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR * Factor
This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.
Hope you'll enjoy it and it will improve your trading making you a better trader
Dave
Trendy Bar Trend ColorTrendy Bar Trend Color
Inspired by trend candlestick charts on other trading platforms. Changes bar colors to stay in trend much like Heikin Ashi candles without the ATR price distortion. This is done by comparing the HL2 and/or Open-Close values of current candlestick to the prior candlestick.
ZoneBand (@Mido_yuiya)Bollinger band is converted to EMA , and support and resistance bands are made into regions
Mirror TSI-MACD by Trader JayI was playing around with the TSI-MACD and surprisingly it works quite well as a mirror.
There are 2 ways this can be used
1. Enter long when Blue line crosses up the Red
2. Exit long when Green line crosses the blue
or
1. Enter long when Blue line crosses up the Red
2. Exit long when Blue line crosses back down below the Red
Expert studio strategy 1 - GBPUSDThis is part of a series of strategies developed automatically by a online software.
I cannot share the site url, which is not related to me in any way, because it is against the TV reules.
This strategy was optimized for GBPUSD, timeframe 1D, fixed lots 0.1, initial balance 1000€.
LOGIC:
- LONG ENTRY when previous candle is bear
- LONG EXIT: RVI > signal line
- SHORT ENTRY when previous candle is bull
- SHORT EXIT: RVI < signal line
NOTE: I considered the open of actual candle instead of close otherwise there will be a back shift of 1 candle in pine script
Take profit = no
Stop loss = no
I have also a study with alarms.
Please use comment section for any feedback.
Syminfo.TypeHello traders
Earlier this week I discovered a new built-in variable called syminfo.type
What is it for?
This variable returns the type of the current symbol. Possible values are cfd, stock, futures, indices, forex, crypto, fund.
Cool bro but... should we care?
Well... we all should. Imagine you have a generic script and you want a different configuration whether you're trading FOREX or Crypto .
I designed a dummy example in that script that will preset the inputs according to the asset type from the chart.
Here I want 12/26/9 for forex and 20/50/50 for crypto - 30/60/90 otherwise
Quick caveat
It seems that for any crypto asset, syminfo.type returns "bitcoin". TradingView will fix it at some point but wanted to give you the heads-up regardless
Enjoy and all the BEST ^^
--
Dave
BEST Currency Strength Indicator DivergenceHello traders
Hope you had a great Thanksgiving
Now it's my turn to give and all I ask in return is you to be thankful (did I get the "Thanksgiving" thing right?)
The Currency Strength Indicator plots an average of the selected FX pairs in the indicator.
Someone asked me if I could develop an alternative of that script adding a divergence component.
The script evaluates the divergences between the average of the selected RSI(FOREX pairs) and the RSI(FOREX pair) displayed on the chart.
This version includes new features such as:
- the RSI length can now be selected
- we can select the 6 pairs used for the divergence calculations
All the BEST my aspiring traders and quants
See you tomorrow for another script
Dave
Mirror MACD by Trader JayThis is my take on the metatrader indicator, the mirror macd. Works pretty good on Forex, haven't tested on anything else
Enter long after the Blue Line Cross Up the Red Line and EXIT after the Green line Cross Up the Red Line (above the Blue Line).
For the opposite position : ENTER SELL after the Red Line Cross Down.
TradingView Alerts to MT4 MT5 + dynamic variables NON-REPAINTINGAccidentally, I’m sharing open-source profitable Forex strategy. Accidentally, because this was aimed to be purely educational material. A few days ago TradingView released a very powerful feature of dynamic values from PineScript now being allowed to be passed in Alerts. And thanks to TradingConnector, they could be instantly executed in MT4 or MT5 platform of any broker in the world. So yeah - TradingConnector works with indices and commodities, too.
The logic of this EURUSD 6h strategy is very simple - it is based on Stochastic crossovers with stop-loss set under most recent pivot point. Setting stop-loss with surgical precision is possible exactly thanks to allowance of dynamic values in alerts. TradingConnector has been also upgraded to take advantage of these dynamic values and it now enables executing trades with pre-calculated stop-loss, take-profit, as well as stop and limit orders.
Another fresh feature of TradingConnector, is closing positions only partly - provided that the broker allows it, of course. A position needs to have trade_id specified at entry, referred to in further alerts with partial closing. Detailed spec of alerts syntax and functionalities can be found at TradingConnector website. How to include dynamic variables in alert messages can be seen at the very end of the script in alertcondition() calls.
The strategy also takes commission into consideration.
Slippage is intentionally left at 0. Due to shorter than 1 second delivery time of TradingConnector, slippage is practically non-existing. This can be achieved especially if you’re using VPS server, hosted in the same datacenter as your brokers’ servers. I am using such setup, it is doable. Small slippage and spread is already included in commission value.
This strategy is NON-REPAINTING and uses NO TRAILING-STOP or any other feature known to be faulty in TradingView backtester. Does it make this strategy bulletproof and 100% success-guaranteed? Hell no! Remember the no.1 rule of backtesting - no matter how profitable and good looking a script is, it only tells about the past. There is zero guarantee the same strategy will get similar results in the future.
To turn this script into study so that alerts can be produced, do 2 things:
1. comment “strategy” line at the beginning and uncomment “study” line
2. comment lines 54-59 and uncomment lines 62-65.
Then add script to the chart and configure alerts.
This script was build for educational purposes only.
Certainly this is not financial advice. Anybody using this script or any of its parts in any way, must be aware of high risks connected with trading.
Thanks @LucF and @a.tesla2018 for helping me with code fixes :)
Session P4L MTFCorrected indicator for better support of smaller time frames. version 3.0 with better interface. thank you
Session P4L SNIPERSsession separator only for the operation of the academy. by its time margin. added the asian range for a power of three
DAY separator P4L FOREX
day separator for better orientation of neutralizations in the graph. with the possibility of choosing day and color to show in the graph
Extreme ScalpingThis is a test of an easy scalping method: buy if actual close is below forecast close and sell if actual close is above forecast close. Take profit and stop loss shall be very small (few pips) as in most of scalping strategies.
No filter is used for only long or only short positions, but you can select buy only or sell only based on other indicators or whatever you feel is the direction of trading.
NOTE: you can add this strategy to your chart but you should modify the backtest day otherwise you will get an error due to calculation limits of pine script. For example, on one minute chart, you should set the backtest day from today only. For past days, set both start day and and day.
I have also a study with alarms.
Please use comment section for any feedback.
InfoPanel Divergence IndicatorThis panel spots divergences of some well knonw indicators. It may be usefull because you have all indicators in one panel only.
Also, you can check on chart which indicator gives better results of each pair on stock or index or crypto.
TO DO: to add custom indicators.
thanks to: RicardoSantos for his script of panel coding
Tradingview scripts
Other members of TV community (I cannot remember the source and inspiration of all snipets)
Please use comment section for any feedback.
Strategy based on the principles of Price ActionIt is considered the percentage of candles with low and high closure for a certain period. Then, a moving average is built from these values. When the moving average of the ratio of tall candles to low candles is greater than the ratio of low candles to high, then long (that is, when the green line crosses the red). And vice versa - a condition for short. It also works on crypto with other settings. Idea for improvement: you can make partial exit by taking, at certain profit levels, the chart will be more stable. Result with a commission of 0.004% You can create an optimizer, and use this strategy on any liquid asset. (Sorry for google translator)
