Get started

Intraday

Total Trend Follow Strategy with Pyramid and DCA Introduction This is a Pine 4 trend following strategy. It has a twin study with several alerts. The design intent is to produce a commercial grade signal generator that can be adapted to any symbol and interval. Ideally, the script is reliable enough to be the basis of an automated trading system web-hooked to a server with API access to crypto, forex and stock brokerages. The strategy can be run in three different modes: long, short and bidirectional. As a trend following strategy, the behavior of the script is to buy on strength and sell on weakness. As such the trade orders maintain its directional bias according to price pressure. What you will see on the chart is long positions on the left side of the mountain and short on the right. Long and short positions are not intermingled as long as there exists a detectable trend. This is extremely beneficial feature in long running bull or bear markets. The script uses multiple setups to avoid the situation where you got in on the trend, took a small profit but couldn’t get back in because the logic is waiting for a pullback or some other intricate condition. Deep draw-downs are a characteristic of trend following systems and this system is no different. However, this script makes use of the TradingView pyramid feature accessible from the properties tab. Additional trades can be placed in the draw-down space increasing the position size and thereby increasing the profit or loss when the position finally closes. Each individual add on trade increases its order size as a multiple of its pyramid level. This makes it easy to comply with NFA FIFO Rule 2-43(b) if the trades are executed here in America. The inputs dialog box contains various settings to adjust where the add on trades show up, under what circumstances and how frequent if at all. Please be advised that pyramiding is an advanced feature and can wipe out your account capital if your not careful. During the backtest use modest setting with realistic capital until you discover what you think you can handle. In addition to pyramiding this script employs DCA which enables users to experiment with loss recovery techniques. This is another advanced feature which can increase the order size on new trades in response to stopped out or winning streak trades. The script keeps track of debt incurred from losing trades. When the debt is recovered the order size returns to the base amount specified in the TV properties tab. The inputs for this feature include a limiter to prevent your account from depleting capital during runaway markets. The main difference between DCA and pyramids is that this implementation of DCA applies to new trades while pyramids affect open positions. DCA is a popular feature in crypto trading but can leave you with large “bags” if your not careful. In other markets, especially margin trading, you’ll need a well funded account and much experience. Consecutive loss limit can be set to report a breach of the threshold value. Every stop hit beyond this limit will be reported on a version 4 label above the bar where the stop is hit. Use the location of the labels along with the summary report tally to improve the adaptability of system. Don’t simply fit the chart. A good trading system should adapt to ever changing market conditions. On the study version the consecutive loss limit can be used to halt live trading on the broker side (Managed manually). Design This script uses nine indicators on two time frames. The chart (primary) interval and one higher time frame which is based on the primary. The higher time frame identifies the trend for which the primary will trade. I’ve tried to keep the higher time frame around five times greater than the primary. The original trading algorithms are a port from a much larger program on another trading platform. I’ve converted some of the statistical functions to use standard indicators available on TradingView. The setups make heavy use of the Hull Moving Average in conjunction with EMAs that form the Bill Williams Alligator as described in his book “New Trading Dimensions” Chapter 3. Lag between the Hull and the EMAs form the basis of the entry and exit points. The alligator itself is used to identify the trend main body. The entire script is around 1700 lines of Pine code which is the maximum incidental size given the TradingView limits: local scopes, run-time duration and compile time. I’ve been working on this script for over a year and have tested it on various instruments stocks, forex and crypto. It performs well on higher liquidity markets that have at least a year of historical data. Though it can be configured to work on any interval between 5 minutes and 1 day, trend trading is generally a longer term paradigm. For day trading the 10 to 15 minute interval will allow you to catch momentum breakouts. For intraweek trades 30 minutes to 1 hour should give you a trade every other a day. Four hours and above are for seasoned deep pocket traders. Originally, this script contained both range trading and trend following logic but had to be broken into separate scripts due to the aforementioned limitations. Inputs to the script use cone centric measurements in effort to avoid exposing adjustments to the various internal indicators. The goal was to keep the inputs relevant to the actual trade entry and exit locations as opposed to a series of MA input values and the like. As a result the strategy exposes over 50 inputs grouped into long or short sections. Inputs are available for the usual minimum profit and stop-loss as well as safeguards, trade frequency, DCA, modes, presets, reports and lots of calibrations. The inputs are numerous, I’m aware. Unfortunately, at this time, TradingView does not offer any other method to get data in the script. The usual initialization files such as cnf, cfg, ini, json and xml files are currently unsupported. Example configurations for various instruments along with a detailed PDF user manual is available. Indicator Repainting And Anomalies Indicator repainting is an industry wide problem which mainly occurs when you mix backtest data with real-time data. It doesn't matter which platform you use some form of this condition will manifest itself on your chart over time. The critical aspect being whether live trades on your broker’s account continue to match your TradingView study. Since this trading system is featured as two separate scripts, indicator repainting is addressed in the study version. The strategy (this script) is intended to be used on historical data to determine the appropriate trading inputs to apply in the study. As such, the higher time frame of this strategy will indeed repaint. Please do not attempt to trade from the strategy. Please see the study version for more information. One issue that comes up when comparing the strategy with the study is that the strategy trades show on the chart one bar later than the study. This problem is due to the fact that “strategy.entry()” and “strategy_exit()” do not execute on the same bar called. The study, on the other hand, has no such limitation since there are no position routines. However, alerts that are subsequently fired off when triggered in the study are dispatched from the TradingView servers one bar later from the study plot. Therefore the alert you actually receive on your cell phone matches the strategy plot but is one bar later than the study plot. A lot can happen in four hours if you are trading off a 240 bar. Please be aware that the data source matters. Cryptocurrency has no central tick repository so each exchange supplies TradingView its feed. Even though it is the same symbol the quality of the data and subsequently the bars that are supplied to the chart varies with the exchange. This script will absolutely produce different results on different data feeds of the same symbol. Be sure to backtest this script on the same data you intend to receive alerts for. Any example settings I share with you will always have the exchange name used to generate the test results. Usage The following steps provide a very brief set of instructions that will get you started but will most certainly not produce the best backtest. A trading system that you are willing to risk your hard earned capital will require a well crafted configuration that involves time, expertise and clearly defined goals. As previously mentioned, I have several example configs that I use for my own trading that I can share with you along with a PDF which describes each input in detail. To get hands on experience in setting up your own symbol from scratch please follow the steps below. The input dialog box contains over 50 inputs separated into seven sections. Each section is identified as such with a makeshift separator input. There are three main areas that must to be configured: long side, short side and settings that apply to both. The rest of the inputs apply to pyramids, DCA, reporting and calibrations. The following steps address these three main areas only. You will need to get your backtest in the black before moving on to the more advanced features Step 1. Setup the Base currency and order size in the properties tab. Step 2. Select the calculation presets in the Instrument Type field. Step 3. Select “No Trade” in the Trading Mode field. Step 4. Select the Histogram indicator from section 3. You will be experimenting with different ones so it doesn’t matter which one you try first. Step 5. Turn on Show Markers in Section 3. Step 6. Go to the chart and checkout where the markers show up. Blue is up and red is down. Long trades show up along the blue markers and short trades on the red. Step 7. Make adjustments to Base To Vertex and Vertex To Base net change and roc in section 3. Use these fields to move the markers to where you want trades to be. Blue is long and red is short. Step 8. Try a different indicator from section 3 and repeat Step 7 until you find the best match for this instrument on this interval. This step is complete when the Vertex settings and indicator combination produce the most favorable results. Step 9. Turn off Show Markers in Section 3. Step 10. Enable the Symmetrical and Deviation calculation models at the top of section 5 and 6 (Symmetrical, Deviation). Step 11. Put in your Minimum Profit and Stop Loss in the first section. This is in pips or currency basis points (chart right side scale)
 Step 12. Return to step 3 and select a Trading Mode (Long, Short, BiDir, Flip Flop). If you are planning to trade bidirectionally its best to configure long first then short. Combine them with BiDir or Flip Flop after setting up both sides of the trade individually.
 Step 13. Trades should be showing on the chart. Step 14. Make adjustments to the Vertex fields in section 3 until the TradingView performance report is showing a profit. Step 15. Change indicators and repeat step 14. Pick the best indicator. Step 16. Use the check boxes in sections 5 and 6 to improve the performance of each side. Step 17. Try adding the Correlation calculation model to either side. This model can sometimes produce a negative result but can be improved by enabling “Adhere To Markers” or “Narrow Correlation Scope” in the sections 5 and 6. Step 18. Enable the reporting conditions in section 7. Look for long runs of consecutive losses or high debt sequences. These are indications that your trading system cannot withstand sudden changes in market sentiment. Step 19. Examine the chart and see that trades are being placed in accordance with your desired trading model. Step 20. Apply the backtest settings to the study version and perform forward testing. This script is open for beta testing. After successful beta test it will become a commercial application available by subscription only. I’ve invested quite a lot of time and effort into making this the best possible signal generator for all of the instruments I intend to trade. I certainly welcome any suggestions for improvements. Thank you all in advance.
Pine Script™ strategy
by tradingtudi
35
EMA-50H-50L-15CThank you @rachitpjain for sharing this simple yet effective strategy on open platform( Twitter ). For detail reading about strategy refer tweets of @rachitpjain where he timely posts charts using this strategy. ************************************************************************************************** **EMA-50H-50L-15C Script V1 ************************************************************************************************** This script will be helpful to identify trade based on strategy shared by @rachitpjain. Here are salient features of this script : -Apply Three EMAs using single indicator (50H-50L-15C) -When 15C crosses 50H - EMA Band will be filled with green color and only BUY trades should be taken -When 15C crosses 50L - EMA Band will be filled with red color and only SELL trades should be taken -When 15C in between 50H - 50L Band will be filled with white color and Trading should be avoided *Strategy works best in trending market using any instrument. Results will vary with change in time frame **Apply Basic TA like horizontal support, resistance, Higher High, Higher Low, Lower Low and Lower High price structure will increase success rate of this strategy *** Script is kept protected mode and don't ask for codes. (I think it's easy to code and by coding yourself, you will learn so many aspect of trading which you might missed)
Pine Script™ indicator
by TheSpecialist_IN
5
Any MA bands (TMA bands V2)Hi everyone Website will be opening very shortly :) Sorting out the last details and we're so excited to finally roll-out our different Algorithm Builders for you guys Forewords This present script is an evolution of the TMA bands . I would never have expected that script to become so popular to be honest This is not only a study or idea but a really proven method and I'm glad that many of you are using it already. But please, whenever you see a new script out there, even if it looks cool and promising, please test it on a demo account for a week or on a LIVE account but with tiny amounts every time. Many times, what you see on the chart is not what will happen in reality. I know that most of you will agree and I know exactly why we see this behavior... I'll give more details in a later post I have plenty of methods like that one and I'll detail them on my website (and a bit on TradingView) starting next month TMA bands on steroids Someone asked me privately to make a generic version of the TMA bands and make it compatible with other standards Moving Average types. That's it for the specifications really as I didn't do much than re-using some piece of my own code Suggested (but not mandatory) methodology 1) The Take Profit 1 is the middle line, Take Profit 2 is the opposite band. 2) Once the TP1 is hit, set your Stop Loss to breakeven 3) Once the TP2 is hit, if you still want to stay in the trade, set your Stop Loss to the TP1 It will be a powerful tool in your arsenal for some scalp/intraday trades Wishing you all of you a great and profitable day PS It's strictly forbidden to republish this script without my explicit approval. All my posts are copyrighted from now on Obviously you can use but not republish and get the credit or even worse... some money from your own clients Dave ____________________________________________________________ Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too) - If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python Disclaimer: Trading involves a high level of financial risk, and may not be appropriate because you may experience losses greater than your deposit. Leverage can be against you. Do not trade with capital that you can not afford to lose. You must be aware and have a complete understanding of all the risks associated with the market and trading. We can not be held responsible for any loss you incur. Trading also involves risks of gambling addiction. Please notice I do not provide financial advice - my indicators, strategies, educational ideas are intended to provide only some source code for anyone interested in improving their trading The proprietary indicators and strategies developed by Best Trading Indicator, the object of intellectual property rights are and remain the exclusive property of Best Trading Indicator, at the exclusion of images and videos and texts free of rights or provided by the Company or external legal or physical person. No assignment of intellectual property rights is carried out through these Terms and Conditions. Any total or partial reproduction, modification or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of the Company.
Pine Script™ indicator
by Daveatt
8
CVWAP/PVWAPFirst of all thanks to concept owner @sanstocktrader (Twitter Handle) for sharing this on public platform. Those who don't know how to trade this strategy can get an idea by studying about it from Pinned Tweet of @vwaptraders. Thanks to below mentioned Twitter Handles for helping newbies to learn and earn using this strategy. @CAtLarge @ankurm84 @blisstrades Telegram support channels for this strategy are as mention below : 1) vwaptraders 2) blisstrades **Checkout Telegram/Twitter history msgs for learning to avoid repetitive queries. ************************************************************************************************** **CVWAP/PVWAP Script V1 ************************************************************************************************** This script will be helpful up to certain extent to identify trade based on strategy shared above. Here are salient features of this script : -Plot current day VWAP=CVWAP -Plot previous day EoD VWAP=PVWAP -Transparent Blue background suggests to take only BUY side trade (Close > CVWAP and PVWAP) -Transparent Red background suggest to take only SELL side trade (Close < CVWAP and PVWAP) ** Script is kept protected mode and don't ask for codes (I think it's easy to code and by coding yourself, you will learn so many aspect of trading which you might missed)
Pine Script™ indicator
by TheSpecialist_IN
9
QuantCat Intraday Strategy (15M)QuantCat Intraday Strategy This strategy is designed to be used on the 15 minute time frame, on liquid x/btc pairs and BTC/USD. It works by having 2 moving averages, automatic stop loss calculation, and taking positions on MA crosses and MA zone bounces for confirmation. Stoploss is so crucial to minimise any damage from huge unexpected candles, the strategies can just be used for entries as well, you don't have to stick to the exact formula- of the long and short system, but this by itself is profitable. The system nets positive results on -BTC/USD -ETH/BTC -LTC/BTC -XRP/BTC There is a small element of trend filtering also for the MA's, but I found adding it in actually hindered performance when testing and training the strategies unless it was using a loose value. You can get live alerts for this strategy and speak to our developers by joining our server on discord! (Link in signature)
Pine Script™ strategy
by QuantCat
PivotIntradayStrategy@scorpiomanojFRMThis is an intraday trading strategy using Floor Pivots for BankNifty. This strategy overlays on the charts with wide variety of drawing floor pivots and previous day levels. VERY IMPORTANT : 1) LONGS AND SHORTS TO BE TAKEN IN 5 MIN CHART. 15 MIN CHART IS DISPLAYED BECAUSE TV DOESNT ALLOW TO PUBLISH WITH TF LESS THAN 15 MIN. 2) BACKTEST RESULTS ASSUME EXITS AT DAY CLOSE ONLY AND NOT BASED ON ANY OTHER CONDITIONS. HENCE ONCE LONG OR SHORT INITIATED IT IS SUGGESTED TO EXIT USING TRAILING STOP OR YOUR OWN RISK APPETITE. EVEN DAY CLOSE INTRADAY EXITS OFFERS A FAIRLY GOOD RESULT WITH ABOVE AVERAGE SUCCESS RATE AND PROFIT FACTOR IN EXCESS OF 1.75. 3) STRATEGY IS BASED ON COMBINATION OF PATTERNS INVOLVING DAILY PIVOTS AND PREV DAY LEVELS THAT IS FOUND TO REPEAT IN BANKNIFTY. THE DETAILS OF THE STRATEGY IS CONFIDENTIAL. 4) THIS WILL BE AVAILABLE PUBLICLY ONLY FOR A LIMITED PERIOD. THIS LIMITED PERIOD AVAILABILITY IS TO TEST THE RESULTS AMONG VARIOUS PARTICIPANTS INORDER TO SEE THE CONSISTENCY. YOU CAN REACH ME AT MY TWITTER ID scorpiomanojfrm or my email scorpiomanojfrm AT gmail DOT com
Pine Script™ strategy
by scorpiomanoj
8
Triangular Moving Average (TMA) bandsWhat in the world is up folks ??!?? Here's the indicator of the day. Sharing a simple one today because I'm busy coding for a few clients (fun life of a top script author on TradingView) The TMA bands is an indicator that I discovered on FXCM a few years ago FXCM TMA bands From the screenshot above, we see that when the price hits the lower band, it's a possible reverse BUY signal. When it hits the upper band, it's a possible SELL signal Methodology 1) The Take Profit 1 is the middle line, Take Profit 2 is the opposite band. 2) Once the TP1 is hit, set your Stop Loss to breakeven 3) Once the TP2 is hit, if you still want to stay in the trade, set your Stop Loss to the TP1 That's what we call a trailing stop loss which I offered in the Trade Manager : Trade-Manager-Open-Source-Version/ It will be a powerful tool in your arsenal for some scalp/intraday trades After years of coding for traders, I worked with many brokers/API/languages so I'm very used to convert a script from a broker to another one (shameless self-advertising) PS Tomorrow I'll share the Signal version of my Algorithm Builder: You'll be able to connect it in a single click to a very cool Backtest System made by the Pinescripters community In other words, I'm selling the scripts to allow you to build your own signals in a few clicks AND to connect it easily to a kick-ass backtesting tool. More to come tomorrow Hope you'll like it, like me, love it, love me, tip me :) ____________________________________________________________ Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future. (Meaning... a few likes only = no indicators = Dave enjoying the beach) - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Pine Script™ indicator
by Daveatt
33
Pivot LevelsThis indicator automatically plots 3 important "Pivot Levels" to watch when day trading. This simple but effective tool plots out important levels from the prior trading day, and updates every day. I noticed that significant levels such as the close, the high, and the low from the prior day often serve as important support/resistance levels in the future. The previous day high is displayed as the green line, the close is displayed as the white line, and the low is plotted as the red line. Enjoy!
Pine Script™ indicator
by HBtrader22
Naresh - iJPASIMPORTANT NOTE This strategy has been developed as a professional service. It was published only or testing and verification by the customer. As such, access cannot be granted to anyone else. Sorry about that! Other open source scripts are available on the BacktestRookies profile. Intra-day Japanese Candlestick Price Action Strategy An intraday strategy which focuses on analyzing price action of the opening 3 bars to make trading decisions. Once certain criteria are met, entry and exit targets are set and left until they are hit else we reset and start again on a new day.
Pine Script™ strategy
by BacktestRookies
15
Intraday Buy/Sell signals for CrudeoilHi Everyone, This is higly tuned intraday Buy/Signal generator for Crudeoil. It works on any time frames below 30 mins. But, the best setting is 15 mins. How to use: 1. Just, apply this strategy to your crudeoil WTI instrument 2. Set your time frame to 15 mins 3. Buy the instrument whenever buy signal generates / Sell the intrument whenever buy singal generates 4. Strategy itself has 0.5% stop loss generating signals. But, create stop loss of 0.5% after buying/selling the instrument 5. Finally, whenever close signals triggers, just close the trade. Note: Please try with only one lot at the beginning. If everything goes well after testing, mulitple lot can be used. Disclaimer: This strategy is for testing purpose only. Any profit/loss to the user's capitla is subject to market risk. And, the creator of this script is no where responsible.
Pine Script™ strategy
by parthi1990
9
Intraday System V.3This indicator good for Intraday. It'll give signal through colours. Go long when green colour appears and go short when red colour appear. Take a trade on candle high above (long) and low below (short). I've made few modification from Mr.Johnman scripts for Better results for Indian traders. Thanks to him. For Target and stop loss ; Open Renko chart from your broker trading platform and find the Renko bar settings, here you'll find "Set Range". Those value will be your SL & Target. Make sure take a trade above / below candle once colours appears. With Regard's Kaliyamoorthi Just Believe Trading Community.
Pine Script™ indicator
by stockmarket2018
GBPUSD INTRADAY 12/16utcHi guys, this is my new super easy strategy, on GBPUSD 1 hour chart it gives its best. 12-16utc means: at 12 utc watch the chart to see if to open a position (long or short). If a position has been opened close at 16utc. So basically you have only to rememeber to check the chart at 12 utc. You can set a SL @50pips, and a TP @100pips, but the strategy runs without them, so feel free to use them or not. This strategy has an "easy view mode": you can choose wether use it on mobile chart to have a better view. Using "easy view" you will see only the bars in trading session from 12 to 16 utc. Otherwise you can have the reguar chart. Subscribe for only 20€/month and Enjoy your Wallet! Tari
Pine Script™ strategy
by TARITRADE